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Year <strong>2007</strong><br />
Kesko Agro<br />
Divisions The Group Financial statements Further information 29<br />
K-Group’s agricultural stores<br />
Number Number Sales*, € million Sales*, € million<br />
<strong>2007</strong> 2006 <strong>2007</strong> 2006<br />
K-maatalous 95 99 674 602<br />
Finland total 95 99 674 602<br />
Kesko Agro Eesti 6 6 81 74<br />
Kesko Agro latvija 4 4 127 115<br />
Kesko Agro lietuva 3 3 84 105<br />
Other countries total 13 13 293 294<br />
Agricultural stores total 108 112 967 896<br />
*(incl. VAT)<br />
Kesko Agro financial highlights, continuing operations<br />
<strong>2007</strong> 2006<br />
Net sales € million 793 755<br />
Operating profit € million 12.9 9.2<br />
Operating profit as % of net sales % 1.6 1.2<br />
Operating profit excl. non-recurring items € million 12.4 7.8<br />
Operating profit as % of net sales<br />
excl. non-recurring items % 1.6 1.0<br />
Depreciation € million 4.3 3.9<br />
Investments<br />
Return on net assets excl. non-recurring<br />
€ million 7.6 11.8<br />
items* % 9.4 6.0<br />
Personnel average<br />
* cumulative average<br />
797 885<br />
Net sales <strong>2007</strong>, continuing operations<br />
€ million change, %<br />
Kesko Agro ltd 507 5.2<br />
Kesko Agro Eesti AS 80 5.8<br />
SIA Kesko Agro latvija 131 27.5<br />
uAB Kesko Agro lietuva 75 -24.5<br />
Kesko Agro total 793 5.1<br />
Net sales at 31 December, € million<br />
<strong>2007</strong> 2006<br />
Non-current assets 41 36<br />
Inventories 136 109<br />
Short-term receivables 69 83<br />
./. Non-interest-bearing debt -122 -113<br />
./. Provisions -1 -1<br />
Net assets* 123 114<br />
* Net assets at the end of month
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