Land and water areas
Buildings and constructions
Machinery and equipment
EUR million
Owned
Leased
Owned
Leased
Owned 2,557.8
Leased
Acquisition cost, 1 Jan. 2021
17.0 0.0 0.0 -1.8
2.3
410.7
10.8
21.9 -0.2
Translation differences
-2.6
0.2
-27.2 40.5 -27.7
Additions Decrease
0.3
1.6
1.4
2.5
-0.6
-11.5
-2.1
-8.5
Transfers between items
0.5
3.0
19.7
Acquisition cost, 31 Dec. 2021
15.7
2.0
401.2
10.2
2,563.2
15.7
Accumulated depreciation and impairment charges 1 Jan. 2021
-0.5
-0.2
-282.1
-4.8
-2,066.3
-9.7
Translation differences
0.0
2.0 0.6 7.3 -7.9
-0.1
22.0
0.1
Accumulated depreciation on deductions and transfers
0.1
1.5
7.7
8.5
Assets held for sale
-0.1 -0.3
15.1
Depreciation for the period
-2.0
-67.4
-5.0
Impairments Accumulated depreciation and impairment charges 31 Dec. 2021
-0.5
-0.5
-280.0
-5.4
-2,093.5
-6.2
Book value, 1 Jan. 2021
16.5 15.2
2.1 1.4
128.7 121.3
6.0 4.8
491.4
12.2
Book value, 31 Dec. 2021
469.7
9.5
Other tangible assets
Construction in progress
Total
Total
EUR million
Owned
Owned
Owned 3,168.7
Leased
Total
Acquisition cost, 1 Jan. 2021
24.8 -0.2
158.4
35.0
3,203.7
Translation differences
-4.5
-34.5 214.6
0.0
-34.5 218.7 -50.9
Additions Decrease
0.4
172.2
4.1
-0.4
1.6
-39.7
-11.2
Transfers between items
-1.6
-21.7 306.1
Acquisition cost, 31 Dec. 2021
23.0
3,309.2
27.8
3,337.0
Accumulated depreciation and impairment charges 1 Jan. 2021
-15.4
-2,364.3
-14.7
-2,379.0
Translation differences
0.2
24.2
0.0
24.2
Accumulated depreciation on deduction and transfers
8.4
10.1 -0.1 -7.4
18.4
Assets held for sale
0.3
22.7
22.6
Depreciation for the period
-0.9
-76.2
-83.6
Impairments
-4.6
-4.6
Accumulated depreciation and impairment charges 31 Dec. 2021
-15.9
-2,389.8
-12.2
-2,401.9
Book value, 1 Jan. 2021
9.4
158.4
804.4
20.2
824.7
Book value, 31 Dec. 2021
7.2
306.1
919.4
15.6
935.0
Assets held for sale include Oy Hangö Stevedoring Ab’s assets.
Leases
Impairments Year 2022 Impairments in 2022 include EUR 0.3 million of impairments related to the discontinuation of Russian business operations and EUR 0.7 million related to the restructuring of customer service and supply chain management. Year 2021 Metsä Board invests its folding boxboard capacity at Husum in Sweden. When the investment is completed, some of the board mill’s machinery and equipment will be taken out of service. In 2021 there were an impairment loss of EUR 4.6 million recognised in the assets that will be taken out of service. Borrowing costs Borrowing costs capitalised in 2022 totalled to EUR 8.3 million (4.0). The average interest rate used in capitalisation was 2.2% (2.1%).
EUR million
2022
2021
Costs related to short-term leases
0.8
1.1
Costs of leases in which the underlying asset is of low value
1.5
3.9
Interest expenses
0.5
0.5 7.6
Cash outflow for leases
25.6
Disclosures on lease liabilities are presented in Note 5.5 (Financial liabilities) and 5.6 (Management of financial risks) and disclosures on lease obligations in Note 8.1 (Commitments and contingencies).
111
Consolidated financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022
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