FINANCIAL STATEMENTS 2010 - Finnlines

More documents

Recommendations

Info

PARENT COMPANY'S ACCOUNTING BOOKS, VOUCHER CATEGORIES AND ARCHIVING ACCOUNTING BOOKS ARCHIVING General journals Computerized accounting journals General ledgers Computerized accounting journals Profit and loss account and balance sheet Computerized accounting journals Balance sheet book Bound book Balance sheet specification Bound book VOUCHER CATEGORIES Sales invoices Octopus/Compass Electronic Sales invoices manual Paper/Electronic Interest invoices Paper Purchase invoices E-invoice Electronic Purchase invoices Scanned/paper Travel account reports Paper Bank and cash vouchers Paper Memo vouchers Paper Payroll accounting vouchers/office Paper Payroll accounting vouchers/sea personnel Paper Fixed assets accounting vouchers Paper These Financial Statements have been translated into English from the Finnish version. In case of any discrepancies the Finnish version shall prevail. 68 FINNLINES PLC Financial Statements 2010 (figures in EUR thousand, if not stated otherwise)
AUDITOR'S REPORT TO THE ANNUAL GENERAL MEETING OF FINNLINES PLC We have audited the accounting records, the financial statements, the Board of Directors’ report, and the administration of Finnlines Plc for the financial period period 1 January to 31 December, 2010. The financial statements comprise of the consolidated statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flow and notes to the consolidated financial statements, as well as the parent company's profit and loss account, balance sheet, cash flow statement and notes to the financial statements. THE RESPONSIBILITY OF THE BOARD OF DIRECTORS AND THE PRESIDENT AND CEO The Board of Directors and the President and CEO are responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with International Financial reporting Standards (IFRS) as adopted by the EU, as well as for the preparation of financial statements and the Board of Directors’ report that give a true and fair view in accordance with the laws and regulations governing the preparation of the financial statements and the Board of Directors’ report in Finland. The Board of Directors is responsible for the appropriate arrangement of the control of the company’s accounts and finances, and the President and CEO shall see to it that the accounts of the company are in compliance with the law and that its financial affairs have been arranged in a reliable manner. AUDITOR’S RESPONSIBILITY Our responsibility is to express an opinion on the financial statements, on the consolidated financial statements and on the Board of Directors’ report based on our audit. The Auditing Act requires that we comply with the requirements of professional ethics. We conducted our audit in accordance with good auditing practice in Finland. Good auditing practice requires that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and the Board of Directors’ report are free from material misstatement, and whether the members of the Board of Directors of the parent company and the President and CEO are guilty of an act or negligence which may result in liability in damages towards the company or have violated the Limited Liability Companies Act or the articles of association of the company. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements and the Board of Directors’ report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of financial statements and the Board of Directors’ report that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements and the Board of Directors’ report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION ON THE CONSOLIDATED FINANCIAL STATEMENTS In our opinion, the consolidated financial statements give a true and fair view of the financial position, financial performance, and cash flows of the group in accordance with International Financial reporting Standards (IFRS) as adopted by the EU. OPINION ON THE COMPANY’S FINANCIAL STATEMENTS AND THE BOARD OF DIRECTORS REPORT In our opinion, the financial statements and the Board of Directors’ report give a true and fair view of both the consolidated and the parent company’s financial performance and financial position in accordance with the laws and regulations governing the preparation of the financial statements and the Board of Directors’ report in Finland. The information in the Board of Directors’ report is consistent with the information in the financial statements. Helsinki, 4 March 2011 Deloitte & Touche Oy Authorized Public Audit Firm Mikael Leskinen Authorized Public Accountant Translation from the Finnish original.
Page 1 and 2:
FINANCIAL STATEMENTS 2010
Page 3 and 4:
BOARD OF DIRECTORS’ REPORT THE CO
Page 5 and 6:
elated to this. Other significant r
Page 7 and 8:
CONSOLIDATED STATEMENT OF COMPREHEN
Page 9 and 10:
CONSOLIDATED STATEMENT OF CHANGES I
Page 11 and 12:
NOTES TO THE CONSOLIDATED FINANCIAL
Page 13 and 14:
ated companies are consolidated usi
Page 15 and 16:
egory includes assets held for trad
Page 17 and 18: In defined benefit plans, the emplo
Page 19 and 20: Segment assets, liabilities and inv
Page 21 and 22: 8. PERSONNEL EXPENSES EUR 1,000 201
Page 23 and 24: 13. EARNINGS PER SHARE UNDILUTED Un
Page 25 and 26: Assets leased through finance lease
Page 27 and 28: Main factors used in calculating va
Page 29 and 30: 21. DEFERRED TAX ASSETS AND LIABILI
Page 31 and 32: EUR 1,000 2010 2009 Significant ite
Page 33 and 34: 26. PROVISIONS EUR 1,000 2010 2009
Page 35 and 36: Finance lease liabilities Finance l
Page 37 and 38: 31. PENSION LIABILITIES The Group
Page 39 and 40: Hedge Accounting The Group has orde
Page 41 and 42: The Group had an interest rate swap
Page 43 and 44: COMMODITY RISK The Group is exposed
Page 45 and 46: with the Helsinki Court of Appeal a
Page 47 and 48: In April 2009, Finnlines Plc's subs
Page 49 and 50: Shares outstanding 31 December 2005
Page 51 and 52: CALCULATION OF KEY RATIOS, IFRS Ear
Page 53 and 54: PROFIT AND LOSS ACCOUNT, PARENT COM
Page 55 and 56: CASH FLOW STATEMENT, PARENT COMPANY
Page 57 and 58: NOTES TO THE FINANCIAL STATEMENTS,
Page 59 and 60: 8. EXTRAORDINARY ITEMS EUR 2010 200
Page 61 and 62: 14. INVENTORIES EUR 2010 2009 Bunke
Page 63 and 64: 18. ACCUMULATED APPROPRIATIONS EUR
Page 65 and 66: CONTINGENCIES AND COMMITMENTS EUR 1
Page 67: BOARD'S PROPOSAL FOR THE USE OF THE
show all

FINANCIAL STATEMENTS 2010 - Finnlines

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?