Kesko's Annual Report 2009
Kesko's Annual Report 2009
Kesko's Annual Report 2009
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Segment information 2008<br />
Income statement<br />
€ million Food trade<br />
Building and<br />
Home and home<br />
speciality improvement<br />
goods trade trade<br />
Car and<br />
machinery<br />
trade<br />
Kesko financial statements <strong>2009</strong><br />
99<br />
Common<br />
operations Eliminations Total<br />
Segment net sales 3,706.9 1,605.6 2,977.5 1,479.7 115.8 9,885.5<br />
of which inter-segment sales -176.8 -24.5 -2.3 -1.0 -89.3 -294.0<br />
Net sales from external customers 3,530.1 1,581.0 2,975.2 1,478.7 26.5 9,591.5<br />
Other segment income 522.8 131.9 115.5 6.5 28.3 805.0<br />
of which inter-segment income -66.3 -5.2 -1.5 -1.2 -0.7 -74.7<br />
Other operating income from external customers 456.5 126.8 114.1 5.4 27.6 730.3<br />
Depreciation and amortisation -44.7 -25.3 -35.2 -8.5 -3.5 0.3 -117.0<br />
Impairments -15.5 -45.6 -61.1<br />
Operating profit 185.5 63.6 19.4 30.5 -13.5 0.2 285.6<br />
Non-recurring items 62.9 32.4 -37.0 0.1 10.3 68.7<br />
Operating profit excl. non-recurring items 122.5 31.2 56.4 30.4 -23.8 0.2 217.0<br />
Finance income and costs 1.0<br />
Share of profit/loss from associates 1.9<br />
Profit before tax and discontinued operations 288.5<br />
Assets and liabilities<br />
Tangible and intangible assets 543.2 299.5 417.1 71.1 23.4 24.9 1,379.2<br />
Interests in associates 0.9 0.2 0.1 0.7 33.0 -0.6 34.2<br />
Pension assets 159.8 45.0 42.3 27.6 25.5 300.3<br />
Inventories 90.5 256.5 273.5 255.3 0.0 -4.8 871.0<br />
Trade receivables 279.4 131.3 167.1 72.9 10.0 -27.5 633.1<br />
Other non-interest-bearing receivables 34.1 23.9 50.7 13.6 41.8 -15.8 148.3<br />
Interest-bearing receivables from external<br />
customers 66.6 0.5 0.6 2.6 4.9 -1.9 73.2<br />
Assets held for sale 1.9 1.0 3.0<br />
Assets included in capital employed 1,174.6 756.9 953.3 443.8 139.5 -25.8 3,442.2<br />
Unallocated items<br />
Deferred tax assets 6.5<br />
Financial assets at fair value through profit or loss 94.4<br />
Available-for-sale financial assets 291.0<br />
Cash and cash equivalents 57.8<br />
Total assets 1,174.6 756.9 953.3 443.8 139.5 -25.8 3,891.9<br />
Trade payables 349.0 138.9 205.5 78.9 4.6 -26.3 750.6<br />
Other non-interest-bearing liabilities 160.9 107.2 93.5 47.6 56.2 -16.6 448.9<br />
Provisions 8.2 7.1 4.7 15.3 8.3 43.6<br />
Liabilities included in capital employed 518.1 253.2 303.8 141.9 69.1 -43.0 1,243.1<br />
Unallocated items<br />
Interest-bearing liabilities 490.6<br />
Deferred tax liabilities 132.0<br />
Total liabilities 518.1 253.2 303.8 141.9 69.1 -43.0 1,865.6<br />
Total capital employed at 31 Dec. 656.5 503.7 649.5 301.9 70.4 17.1 2,199.2<br />
Average capital employed<br />
Return on capital employed<br />
635.1 507.3 629.3 280.7 66.8 16.1 2,135.3<br />
excl. non-recurring items,% 19.3 6.2 9.0 10.8 0 0 10.2<br />
Investments 139.7 60.5 122.7 15.6 4.2 -4.3 338.4<br />
Number of employees at 31 Dec. 3,830 8,229 10,972 1,402 235 24,668<br />
Average number of employees 3,440 5,801 10,400 1,451 236 21,327