134 <strong>Kesko's</strong> <strong>year</strong> <strong>2007</strong> Parent's financial statements <strong>2007</strong> Parent's income statement (FAS) 1.1.-31.12.<strong>2007</strong> 1.1.-31.12.2006 Net sales 16,761,333.00 16,407,204.37 Other operating income 249,816,297.07 487,660,165.50 Materials and services -274.98 2,604.22 Personnel expenses -13,651,741.54 -11,863,486.34 Depreciation and value adjustments -24,045,119.06 -28,537,648.47 Other operating expenses -172,452,664.52 -232,033,609.10 Operating profit 56,427,829.97 231,635,230.18 Financial income and expenses 47,808,921.74 10,565,408.15 Profit before extraordinary items 104,236,751.71 242,200,638.33 Extraordinary items 138,632,000.00 129,673,784.00 Profit before appropriations and taxes 242,868,751.71 371,874,422.33 Appropriations 5,797,754.74 21,708,520.51 Profit before taxes 248,666,506.45 393,582,942.84 Income tax -54,392,730.23 -86,558,154.41 Net profit 194,273,776.22 307,024,788.43
Year <strong>2007</strong> Divisions The Group Financial statements Further information Parent's balance sheet (FAS) 31.12.<strong>2007</strong> 31.12.2006 ASSETS NON-CURRENT ASSETS Intangible assets Other capitalised expenditure Advance payments and construc- 7,714,791.78 10,391,131.28 tion in progress 2,451,132.91 2,158,578.08 Tangible assets 10,165,924.69 12,549,709.36 Land and water 112,152,662.59 114,513,468.94 Buildings 331,402,014.49 337,721,596.03 Machinery and equipment 5,972,140.83 6,776,859.81 Other tangible assets Advance payments and construc- 7,205,486.53 7,114,024.62 tion in progress 5,410,734.59 5,190,383.18 Investments 462,143,039.03 471,316,332.58 Holdings in Group companies 402,270,848.48 387,830,032.45 Holdings in participating interests Other shares and similar rights of 19,761,572.65 19,991,322.33 ownership 7,284,058.60 16,252,345.69 Current assets Receivables Long-term Receivables from Group 429,316,479.73 424,073,700.47 companies Receivables from participating 384,426,543.03 354,337,563.67 interests 891,396.01 891,396.01 Short-term 385,317,939.04 355,228,959.68 Trade receivables Receivables from Group 1,752,057.86 2,147,110.34 companies Receivables from participating 589,954,855.91 506,759,172.25 interests 4,175,243.23 5,223,736.22 Loan receivables - - Other receivables 220,795.53 228,676.87 Prepayments and accrued income 30,012,572.21 4,404,912.45 Marketable securities 626,115,524.74 518,763,608.13 Other marketable securities 261,072,406.31 341,094,016.95 Cash on hand and at bank 25,554,085.64 3,720,533.88 Total assets 2,199,685,399.18 2,126,746,861.05 LIABILITIES Shareholders' equity 135 31.12.<strong>2007</strong> 31.12.2006 Share capital 195,535,530.00 195,039,850.00 Share issue 733.95 - Share premium account 190,079,543.91 187,934,757.64 Revaluation reserve - - Other reserves 243,415,795.55 243,415,795.55 Retained earnings 493,562,881.11 332,837,613.94 Profit for the financial <strong>year</strong> 194,273,776.22 307,024,788.43 Appropriations 1,316,868,260.74 1,266,252,805.56 Depreciation reserve 157,685,287.15 163,483,041.89 Provisions Other provisions 7,210,259.65 8,344,307.01 Liabilities Non-current Private placement bonds Loans from financial 100,418,410.04 100,418,410.04 institutions 25,131,942.70 24,277,737.31 Current 125,550,352.74 124,696,147.35 Loans from financial institutions - 9,262,482.96 Advances received 2,570.85 37,620.93 Trade payables 5,340,301.42 3,089,163.71 Debt to Group companies 437,093,346.44 454,373,029.20 Debt to participating interests 23,966,613.67 36,434,382.97 Other debt 113,939,237.49 40,089,385.17 Accruals and deferred income 12,029,169.03 20,684,494.30 592,371,238.90 563,970,559.24 Total liabilities 2,199,685,399.18 2,126,746,861.05