Metsä Board Annual and sustainability report 2022

Changes in liabilities and current interest-bearing receivables reported in the cash flow from financing activities in 2022 Non-cash changes

Acquired / Sold businesses

Changes in foreign exchange rates

New finance

EUR million

1 Jan 2022 Cash flows

leases Other changes 31 Dec 2022

Non-current interest-bearing liabilities incl. Current portion Bonds

248.8 182.3

0.2 0.3

249.0 187.6

Loans from financial institutions

5.0

Pension loans Finance lease liabilities

15.9

-25.1 -20.1

18.0 18.0

-0.5 -0.5

7.0 7.0

0.7

15.9

Total

447.0

1.1

452.6

Non-current non-interest bearing liabilities

1.5

2.4

-0.0

0.0 0.9 2.0

3.9 0.4

Current interest-bearing liabilities

0.0

-0.5 -18.1

0.0

0.0

0.0

Total

448.6

18.0

-0.5

7.0

456.9

Changes in liabilities and current interest-bearing receivables reported in the cash flow from financing activities in 2021 Non-cash changes

Changes in foreign exchange rates

New finance

EUR million

1 Jan 2021

Cash flows

leases Other changes 31 Dec 2021

Non-current interest-bearing liabilities incl. Current portion Bonds

248.6 182.1

0.2 0.2

248.8 182.3

Loans from financial institutions

Pension loans Finance lease liabilities

20.4 451.1

-7.2 -7.2

-0.1 -0.1

3.4 3.4

-0.7 -0.2

15.9

Total

447.0

Non-current non-interest bearing liabilities

1.9 1.3

-0.4 -0.4 -8.0

0.0

0.0

1.5

Current interest-bearing liabilities

-0.9

0.0

Total

454.3

-0.1

3.4

-1.1

448.6

In 2021 Other changes consists of Oy Hangö Stevedoring Ab’s liabilities transferred to assets held for sale and of accrual of effective interest during the financial year on financial liabilities valued.

Bonds

EUR million 2017–2027

Interest % 2022

2021 248.8 248.8

2.75

249.0 249.0

Total

Metsä Board Corporation issued in September 2017 a bond of EUR 250 million. The bond carries a fixed coupon rate of 2.75 per cent, and the maturity date is 29 September 2027. The bond ranks senior and is unsecured.

121

Consolidated financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022

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