Kesko's Annual Report 2009
Kesko's Annual Report 2009
Kesko's Annual Report 2009
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A total amount of €12.6 million (€13.8 million) of trade receivables<br />
has been recognised within credit losses in the income<br />
statement. Credit risk is described in more detail in note 42.<br />
The deferred revenue and other accruals mainly include<br />
amortisations of marketing revenue, rebates and staff cost.<br />
The fair value of current trade and loan receivables, and the<br />
fair value of current interest-bearing receivables are estimated<br />
to nearly equal the carrying amounts based on their short<br />
maturities.<br />
NOTE 23<br />
Financial assets at fair value through profit or loss<br />
€ million <strong>2009</strong> 2008<br />
Financial assets at fair value through profit<br />
or loss 213.1 94.4<br />
Total 213.1 94.4<br />
The financial assets at fair value through profit or loss include<br />
commercial papers, certificates of bank deposits and other<br />
money market investments. An analysis of the assets is given in<br />
note 41.<br />
NOTE 24<br />
Available-for-sale financial assets<br />
€ million <strong>2009</strong> 2008<br />
Carrying amount at 1 Jan. 291.0 155.6<br />
Changes 139.0 133.2<br />
Changes in fair value -2.3 2.2<br />
Carrying amount at 31 Dec. 427.7 291.0<br />
The available-for-sale financial assets include short-term investments<br />
in commercial papers, certificates of bank deposits, other<br />
interest rate instruments and Finnish Government bonds. An<br />
analysis of the assets is given in note 41.<br />
NOTE 25<br />
Cash and cash equivalents<br />
Kesko financial statements <strong>2009</strong><br />
113<br />
€ million <strong>2009</strong> 2008<br />
Cash on hand and in banks 73.9 57.8<br />
Total 73.9 57.8<br />
NOTE 26<br />
Non-current assets classified as held for sale and<br />
related liabilities<br />
Assets held for sale<br />
€ million <strong>2009</strong> 2008<br />
Land 0.4 0.7<br />
Buildings and real estate shares 0.5 2.3<br />
Total 0.9 3.0<br />
The held-for-sale disposal group did not include liabilities at 31<br />
December <strong>2009</strong> (at 31 December 2008).