Kesko's Annual Report 2009

€ million 2009 2008
Accumulated depreciation at 1 January 32.6 30.6
Accumulated depreciation on decreases
and transfers -0.4 -0.4
Depreciation for the financial year 1.8 2.4
Accumulated depreciation at 31 December 34.0 32.6
Book value at 31 December 6.2 6.5
Advance payments
Acquisition cost at 1 January 1.7 2.5
Increases 0.8 0.6
Decreases -0.6 -0.4
Transfers between items -0.4 -1.0
Acquisition cost at 31 December 1.5 1.7
Book value at 31 December 1.5 1.7
12. Tangible assets
Land and waters
Acquisition cost at 1 January 111.4 112.2
Increases 1.8 8.3
Decreases -16.0 -9.1
Acquisition cost at 31 December 97.2 111.4
Book value at 31 December 97.2 111.4
Buildings
Acquisition cost at 1 January 514.9 513.2
Increases 9.6 24.2
Decreases -99.6 -26.9
Transfers between items 3.1 4.4
Acquisition cost at 31 December 428.0 514.9
Accumulated depreciation at 1 January
Accumulated depreciation on decreases
205.5 181.8
and transfers -35.4 -8.6
Value adjustment 9.1 15.0
Depreciation for the financial year 15.6 17.3
Accumulated depreciation at 31 December 194.8 205.5
Book value at 31 December 233.2 309.4
Machinery and equipment
Acquisition cost at 1 January 24.7 25.5
Increases 0.8 1.0
Decreases -3.6 -1.9
Transfers between items 0.2 0.1
Acquisition cost at 31 December 22.1 24.7
Accumulated depreciation at 1 January
Accumulated depreciation on decreases
19.7 19.6
and transfers -2.8 -1.3
Depreciation for the financial year 1.3 1.5
Accumulated depreciation at 31 December 18.2 19.7
Book value at 31 December 3.9 5.0
Other tangible assets
Acquisition cost at 1 January 15.2 13.7
Increases 1.1 2.8
Decreases -2.6 -1.4
Transfers between items 0.0 0.1
Acquisition cost at 31 December 13.7 15.2
Kesko financial statements 2009
141
€ million 2009 2008
Accumulated depreciation at 1 January 7.0 6.5
Accumulated depreciation on decreases
and transfers -1.3 -0.7
Depreciation for the financial year 1.4 1.2
Accumulated depreciation at 31 December 7.1 7.0
Book value at 31 December 6.6 8.2
Advance payments and construction in
progress
Acquisition cost at 1 January 7.1 5.4
Increases 9.2 6.3
Transfers between items -11.7 -4.6
Acquisition cost at 31 December 4.6 7.1
Book value at 31 December 4.6 7.1
Revaluation of non-current assets
At the end of the financial year, Kesko Corporation's balance
sheet did not contain revaluations.
13. Investments
Holdings in Group companies
Acquisition cost at 1 January 273.6 404.0
Increases 28.5 3.2
Decreases -38.0 -133.6
Acquisition cost at 31 December 264.1 273.6
Accumulated depreciation at 1 January 0.0 1.7
Value adjustments 0.0 -1.7
Accumulated depreciation at 31 December 0.0 0.0
Book value at 31 December 264.1 273.6
Participating interests
Acquisition cost at 1 January 18.7 19.8
Increases 0.0 0.1
Decreases -0.9 -1.2
Acquisition cost at 31 December 17.8 18.7
Book value at 31 December 17.8 18.7
Other shares and similar rights of
ownership
Acquisition cost at 1 January 7.3 7.3
Acquisition cost at 31 December 7.3 7.3
Book value at 31 December 7.3 7.3
Kesko Corporation's ownership interests in other companies as at
31 December 2009 are presented in the notes to the consolidated
financial statements.
During the financial year, Kesko Corporation sold some of its
real estate companies.
During the 2008 financial year, Kesko Corporation sold its
wholly-owned subsidiaries Kauko-Telko Ltd, Tähti Optikko Group
Oy and K-Rahoitus Oy. In addition, the company founded a new
subsidiary, K-talouspalvelukeskus Oy. Among subsidiaries directly
owned by Kesko Corporation, other changes took place in real
estate companies only.