Kesko's Annual Report 2009

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66 Kesko’s year 2009 Board of Directors on 31 December 2009 Heikki Takamäki b. 1947 Domicile: Tampere, Finland. Chair of the Board and the Remuneration Committee. Principal occupation: Retailer, K-rauta Rauta-Otra Nekala. Main employment history: K-rauta retailer since 1979. Kesport-Intersport retailer 1995–1999. Board member since: 1 January 2001. Main simultaneous positions of trust: - Fees in 2009: €81,500. Kesko shares and stock options held on 1 January 2009: 104,470 A shares and 68,120 B shares held by him or his company. No stock options. On 31 December 2009: 104,470 A shares and 68,120 B shares held by him or his company. No stock options. Seppo Paatelainen b. 1944, M.Sc. (Agr. & For.) Domicile: Seinäjoki, Finland. Deputy Chair of the Board, and member of the Audit Committee and the Remuneration Committee. Principal occupation: - Main employment history: Itikka Co-operative: Director 1970–1973, Luja-Yhtiöt: Director, Itikka Lihabotnia Oy and Itikka Co-operative: CEO 1988–1991, Atria Group plc: CEO 1991–2006. Board member since: 27 March 2006. Main simultaneous positions of trust: Alma Media Corporation: Deputy Chair of the Board of Directors, Ilkka-Yhtymä Oyj: Chair of the Board of Directors, Finavia Corporation: Chair of the Board of Directors, Seinäjoki Region Business Service Center: Chair of the Board of Directors Fees in 2009: €53,000. Kesko shares and stock options held on 1 January 2009: No shares. No stock options. On 31 December 2009: No shares. No stock options. Esa Kiiskinen b. 1963, Business College Graduate Domicile: Helsinki, Finland. Principal occupation: Retailer, K-supermarket Kontumarket, Helsinki. Main employment history: K-food retailer since 1990. Board member since: 30 March 2009. Main simultaneous positions of trust: K-Retailers’ Association: Chair of the Board of Directors, the Foundation for Vocational Training in the Retail Trade: Chair of the Board of Directors, Vähittäiskaupan Tilipalvelu VTP Oy: member of the Board of Directors, the Federation of Finnish Commerce: member of the Board of Directors, Saija ja Esa Kiiskinen Oy: Chair of the Board of Directors. Fees in 2009: €31,750. Kesko shares and stock options held on 30 March 2009: 102,350 A shares and 0 B shares held by him or his company. No stock options. On 31 December 2009: 102,350 A shares and 0 B shares held by him or his company. No stock options. Ilpo Kokkila b. 1947, M.Sc. (Techn.) Domicile: Helsinki, Finland. Member of the Remuneration Committee. Principal occupation: SRV Group Plc: Chair of the Board of Directors. Main employment history: A-Betoni Oy: Constructor 1972–1974, Perusyhtymä Oy: Director 1974–1987, SRV Group Plc: Chair of the Board of Directors 1987-, Pontos Ltd: Chair of the Board of Directors 2002- Board member since: 27 March 2006. Main simultaneous positions of trust: JTO School of Management: Chair of the Board of Directors, Finnish-Russian Chamber of Commerce (FRCC): Deputy Chair of the Board of Directors. Fees in 2009: €41,750. Kesko shares and stock options held on 1 January 2009: 16,100 B shares held by him. No stock options. On 31 December 2009: 16,100 B shares held by him. No stock options
Mikko Kosonen b. 1957, D.Sc. (Econ.) Domicile: Espoo, Finland Member of the Audit Committee. Principal occupation: Executive Vice President of Finnish Innovation Fund Sitra. Main employment history: Nokia plc: Senior Vice President for Strategic Planning and Information Management 1996–2005 and Senior Advisor 2005–2007. Finnish Innovation Fund Sitra: Executive Vice President 2007– 2008 and President 2008-. Board member since: 30 March 2009. Main simultaneous positions of trust: Itella Corporation: Deputy Chair of the Board of Directors, Fifth Element Ltd: member of the Board of Directors, Kauppatieteellinen yhdistys: member of the Board of Directors. Fees in 2009: €33,750. Kesko shares and stock options held on 30 March 2009: No shares. No stock options. On 31 December 2009: No shares. No stock options. Maarit Näkyvä b. 1953, M.Sc. (Econ.) Domicile: Kirkkonummi, Finland. Chair of the Audit Committee. Principal occupation: - Main employment history: Unitas Bank Ltd.: Director 1990–1995, Merita Bank Ltd.: Director 1995– 1996, Merita Fund Management Ltd: President 1996–1997, Leonia Bank plc: member of the Board of Directors 1998–2000. Sampo plc’s Executive Vice President 2001–2006. Sampo Bank plc’s Deputy CEO 2005–2008. Board member since: 1 January 2001. Main simultaneous positions of trust: - Fees in 2009: €45,250. Kesko shares and stock options held on 1 January 2009: No shares. No stock options. On 31 December 2009: No shares. No stock options. Rauno Törrönen b. 1958, Hospitality Management Training Domicile: Joensuu, Finland. Principal occupation: Retailer, K-citymarket Kauppakatu, Joensuu. Main employment history: Pohjois- Karjalan Osuuskauppa: member of the management team 1986–1998. K-food retailer since 1998. Board member since: 30 March 2009. Main simultaneous positions of trust: Joensuun kauppaopetuksen tukisäätiö: member of the Board of Directors, Alepro Oy: member of the Board of Directors. Fees in 2009: €31,750. Kesko shares and stock options held on 30 March 2009: 15,900 A shares and 9,600 B shares held by him or his company. No stock options. On 31 December 2009: 15,900 A shares and 9,600 B shares held by him or his company. No stock options. Up-to-date information about the main positions of trust of the Board members is available at www.kesko.fi. According to the company’s Articles of Association, the term of each Board member will expire at the close of the 2012 Annual General Meeting. Kesko’s year 2009 67
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Kesko’s year
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2 Kesko’s year 2009 Kesko in brie
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4 Kesko’s year 2009 Review by the
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6 Kesko’s year 2009 Year 2009 in
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Kesko is a highly valued listed tra
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uct and service benefits to custome
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the Pirkka magazine continued to in
Page 18 and 19: 16 Kesko’s year 2009 K-food store
Page 20 and 21: 18 Kesko’s year 2009 High-quality
Page 23 and 24: Kesko’s home and speciality goods
Page 25 and 26: Year 2009 In 2009, the net sales of
Page 27: Market shares and competitors Hyper
Page 30 and 31: 28 Kesko’s year 2009 Products and
Page 32 and 33: 30 Kesko’s year 2009 Through its
Page 34 and 35: 32 Kesko’s year 2009 Responsibili
Page 37 and 38: VV-Auto and Konekesko make up the c
Page 39 and 40: market for agricultural machinery i
Page 41 and 42: Market shares VV-Auto Finland: Volk
Page 43: Real estate operations indicators f
Page 46 and 47: 44 Kesko’s year 2009 Kesko is a g
Page 48 and 49: 46 Kesko’s year 2009 The widest v
Page 51 and 52: Principles and indicators of respon
Page 53 and 54: effective stakeholder interaction w
Page 55 and 56: compare the responsibility practice
Page 57 and 58: member and expiring at the close of
Page 59 and 60: Decision-making, activities and mee
Page 61 and 62: A written managing director’s ser
Page 63 and 64: made by the Remuneration Committee
Page 65 and 66: programmes, for their competitive t
Page 67: the Audit Committee, and reports on
Page 71 and 72: Notice period and severance pay: 6
Page 73 and 74: Report by the Board of Directors Ja
Page 75 and 76: In January-December, two new K-raut
Page 77 and 78: The retail sales of the K-rauta and
Page 79 and 80: Significant risks and uncertainties
Page 81 and 82: Group performance indicators Kesko
Page 83 and 84: Net sales by segment, continuing op
Page 85 and 86: Calculation of performance indicato
Page 87 and 88: Consolidated Financial Statements C
Page 89 and 90: Consolidated statement of cash flow
Page 91 and 92: NOTE 1 Accounting policies for the
Page 93 and 94: Foreign currency items The consolid
Page 95 and 96: Other intangible assets The cost of
Page 97 and 98: exceed 10 percent of the higher rat
Page 99 and 100: cating resources, has been identifi
Page 101 and 102: Segment information 2008 Income sta
Page 103 and 104: Net assets of discontinued operatio
Page 105 and 106: Exchange differences recognised in
Page 107 and 108: Goodwill and intangible rights by s
Page 109 and 110: Property, plant and equipment inclu
Page 111 and 112: NOTE 18 Finance lease receivables K
Page 113 and 114: NOTE 20 Kesko financial statements
Page 115 and 116: A total amount of €12.6 million (
Page 117 and 118: Kesko financial statements 2009 Rev
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NOTE 29 Finance lease liabilities K
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Group as the lessor Minimum lease p
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Movements in quantities and exercis
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NOTE 41 Financial risk management W
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Liquidity risk and sensitivity anal
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Kesko financial statements 2009 Bre
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Fair values of derivative financial
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with regard to business operations,
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In addition, the other operating ex
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Owned by other Group companies Domi
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Parent's balance sheet (FAS) € 31
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Kesko financial statements 2009 Not
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€ million 2009 2008 Accumulated d
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Increase in share capital During th
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Signatures Signatures Helsinki, 4 F
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the record date, and whose custodia
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Share performance indicators Tradin
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Prices and trading of Kesko A and B
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Share capital and shares Kesko fina
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Information about Kesko for investo
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Kenkäkesko Ltd Kutojantie 4, FI-02
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Operations control system (ERP Ente
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www.kesko.fi Business ID 0109862-8
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Kesko's Annual Report 2009

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