Kesko's Annual Report 2009

More documents

Recommendations

Info

86 Kesko financial statements 2009 Consolidated statement of financial position, IFRS € million Note 31.12.2009 % 31.12.2008 % ASSETS Non-current assets Intangible assets 13 184.8 169.6 Tangible assets 14 1,110.6 1,209.5 Investments in associates 15, 45 33.0 31.2 Available-for-sale financial assets 16 3.0 3.0 Non-current receivables 17, 18 67.5 69.2 Deferred tax assets 19 3.2 6.5 Pension assets 20 315.2 300.3 Total non-current assets 1,717.4 44.7 1,789.3 46.0 Current assets Inventories 21 665.5 871.0 Interest-bearing receivables 22 32.1 14.9 Trade receivables 22, 41 593.6 633.1 Other non-interest-bearing receivables 22 117.6 137.4 Financial assets at fair value through profit or loss 23 213.1 94.4 Available-for-sale financial assets 24 427.7 291.0 Cash and cash equivalents 25 73.9 57.8 Total current assets 2,123.5 55.3 2,099.6 53.9 Non-current assets held for sale 4, 26 0.9 0.0 3.0 0.1 Total assets 3,841.8 100.0 3,891.9 100.0 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital 27 196.6 195.6 Share issue 27 - 0.1 Share premium 27 194.2 190.6 Other reserves 27 242.8 242.9 Currency translation differences 27 -7.1 -9.5 Revaluation surplus 27 -2.7 1.6 Retained earnings 1,381.0 1,344.4 2,004.9 52.2 1,965.7 50.5 Minority interest 64.5 1.7 60.7 1.6 Total equity 2,069.4 53.9 2,026.4 52.1 Non-current liabilities Interest-bearing non-current liabilities 28, 29, 41 262.0 196.9 Non-interest-bearing non-current liabilities 5.7 11.8 Deferred tax liabilities 19 127.7 132.0 Retirement benefit obligations 20 1.8 1.8 Provisions 30 14.5 20.1 Total non-current liabilities 411.6 10.7 362.7 9.3 Current liabilities Interest-bearing current liabilities 194.2 293.6 Trade payables 31 703.5 755.6 Other non-interest-bearing liabilities 31 179.9 181.6 Tax liabilities 31 37.0 2.9 Accrued liabilities 31 217.1 245.5 Provisions 30 29.2 23.5 Total current liabilities 1,360.9 35.4 1,502.9 38.6 Total liabilities 1,772.5 46.1 1,865.5 47.9 Total equity and liabilities 3,841.8 100.0 3,891.9 100.0
Consolidated statement of cash flows, IFRS Kesko financial statements 2009 € million Note 2009 2008 Cash flows from operating activities Profit before tax Adjustments: 216.6 330.8 Depreciation according to plan 116.9 118.1 Financial income and expenses 16.0 -1.1 Other adjustments 37 -74.0 -130.1 Change in working capital 58.9 -13.2 Current non-interest-bearing receivables, increase (-) / decrease (+) 39.4 -10.3 Inventories increase (-) / decrease (+) 206.6 2.3 Current non-interest-bearing liabilities, increase (+) / decrease (-) -83.9 -78.4 162.2 -86.4 Interest paid and other financial expenses -37.5 -32.6 Interest received 23.0 31.6 Dividends received 0.1 0.1 Income tax paid -44.5 -99.0 Net cash generated from operating activities 378.8 131.4 Cash flows from investing activities Acquisition of subsidiary, net of cash acquired -16.4 -35.0 Acquisition of associate -0.2 0.0 Purchases of tangible and intangible assets -205.2 -284.7 Purchases of available-for-sale financial assets -0.8 -0.3 Disposal of subsidiary, net of cash disposed of 4, 38 52.3 121.3 Disposal of associate 0.1 1.5 Proceeds from sale of available-for-sale financial assets 39 1.2 0.2 Proceeds from sale of tangible and intangible assets 198.3 158.4 Increase in non-current loan receivables 0.0 -7.3 Decrease in non-current loan receivables 1.6 0.0 Net cash used in investing activities 31.0 -45.8 Cash flows from financing activities Increase (+) / decrease (-) in interest-bearing liabilities -33.1 -47.1 Repayments of finance lease liabilities 0.2 -5.6 Increase (+) / decrease (-) in current interest-bearing receivables -13.7 216.5 Dividends paid -98.4 -172.5 Proceeds from issuance of shares 4.6 0.4 Increase (-) / decrease (+) in short-term money market investments -97.6 -17.3 Other items 3.6 11.3 Net cash used in financing activities -234.4 -14.3 Change in cash and cash equivalents and current available-for-sale financial assets Cash and cash equivalents and current available-for-sale financial 175.4 71.4 assets at 1 Jan. 40 319.3 245.3 Currency translation difference adjustment and value adjustment -3.2 -0.7 Cash and cash equivalents related to available-for-sale assets Cash and cash equivalents and current available-for-sale financial 0.0 -1.8 assets at 31 Dec. 40 491.4 319.3 87
Page 1:
Kesko’s year
Page 4 and 5:
2 Kesko’s year 2009 Kesko in brie
Page 6 and 7:
4 Kesko’s year 2009 Review by the
Page 8 and 9:
6 Kesko’s year 2009 Year 2009 in
Page 11 and 12:
Kesko is a highly valued listed tra
Page 13 and 14:
uct and service benefits to custome
Page 15:
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 and 68: the Audit Committee, and reports on
Page 69 and 70: Mikko Kosonen b. 1957, D.Sc. (Econ.
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: Consolidated Financial Statements C
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
Page 119 and 120: NOTE 29 Finance lease liabilities K
Page 121 and 122: Group as the lessor Minimum lease p
Page 123 and 124: Movements in quantities and exercis
Page 125 and 126: NOTE 41 Financial risk management W
Page 127 and 128: Liquidity risk and sensitivity anal
Page 129 and 130: Kesko financial statements 2009 Bre
Page 131 and 132: Fair values of derivative financial
Page 133 and 134: with regard to business operations,
Page 135 and 136: In addition, the other operating ex
Page 137 and 138: Owned by other Group companies Domi
Page 139 and 140:
Parent's balance sheet (FAS) € 31
Page 141 and 142:
Kesko financial statements 2009 Not
Page 143 and 144:
€ million 2009 2008 Accumulated d
Page 145 and 146:
Increase in share capital During th
Page 147 and 148:
Signatures Signatures Helsinki, 4 F
Page 149 and 150:
the record date, and whose custodia
Page 151 and 152:
Share performance indicators Tradin
Page 153 and 154:
Prices and trading of Kesko A and B
Page 155 and 156:
Share capital and shares Kesko fina
Page 157 and 158:
Information about Kesko for investo
Page 159 and 160:
Kenkäkesko Ltd Kutojantie 4, FI-02
Page 161 and 162:
Operations control system (ERP Ente
Page 163:
www.kesko.fi Business ID 0109862-8
show all

Kesko's Annual Report 2009

Create successful ePaper yourself

Delete template?

Save as template?