Metsä Board Annual and sustainability report 2022

BUSINESS OPERATIONS AND VALUE CREATION

SUSTAINABILITY REPORT

FINANCIAL DEVELOPMENT

GOVERNANCE

Parent company

■ Balance sheet

EUR

Note

31.12.2022

31.12.2021

EUR

Note

31.12.2022

31.12.2021

EQUITY AND LIABILITIES SHAREHOLDERS’ EQUITY

ASSETS NON-CURRENT ASSETS Intangible assets

12

Share capital

557,881,540.40 557,881,540.40

9

Other reserves Reserve for invested unrestricted equity

Intangible assets

11,360,766.54 4,865,929.32

210,639,481.81 210,639,481.81 259,659,751.43 116,464,042.72 287,026,854.12 337,173,372.47 111,620,817.49 103,474,030.45 1,426,828,445.25 1,325,632,467.85

Other intangible assets

432,011.17

278,744.68

Value adjustment reserve

Advance payment and construction in progress

133,093.84

1,020,133.10

Profit/loss for previous financial periods Profit/loss for the financial period

11,925,871.55

6,164,807.10

Tangible assets

9

Land and water areas

26,340,436.42 29,491,684.80 127,095,989.94 123,703,859.97 239,929,037.57 236,913,618.20 7,629,729.80 6,638,072.18

APPROPRIATIONS Accumulated depreciation difference

Buildings and constructions Machinery and equipment

6 176,002,120.56 164,304,292.58

Other tangible assets

PROVISIONS

13

2,729,857.00 3,760,116.35

Advance payment and construction in progress

60,459,586.34 18,957,755.83

LIABILITIES Non-current liabilities

461,454,780.07 415,704,990.98

15

Bonds

249,601,391.02 249,517,437.02 176,470,588.24 179,316,176.48

Investments

10

Loans from financial institutions

Shares in group companies

534,406,191.31 535,378,815.29 290,412,859.87 305,699,997.81 86,429,409.33 86,429,409.33 344,817,070.84 178,311,058.30 0.00 5,002.00 1,256,065,531.35 1,105,824,282.73

Advance payments Deferred tax liability

1,082,432.07

1,082,432.10

Receivables from group companies Shares in associated companies

8, 14 64,368,909.96 28,363,930.89

Liabilities to group companies

0.00

1,691,108.71

Other shares and holdings

Other liabilities

2,399,500.74 0.00 493,922,822.03 459,971,085.20

Other receivables

Current liabilities

16

Total non-current assets

1,729,446,182.97 1,527,694,080.81

Pension premium loans

11,764,705.88 3,908,823.52

Advance payments Accounts payable

3,756,180.63

2,521,860.77

CURRENT ASSETS Inventories Materials and consumables

175,417,664.49 154,123,561.95 88,896,086.27 83,855,599.29

Liabilities to group companies Liabilities to associated companies

53,576,680.10 50,227,009.35 197,662,125.58 153,937,534.52 15,432,257.27 4,695,368.34 266,671,062.95 208,859,912.21

0.00

704,619.73

Finished products Advance payments

Other liabilities

7,699,014.97 19,896,953.06 65,809,346.27 90,980,579.48 353,342,998.51 355,991,997.80

Accruals and deferred income

NON-CURRENT RECEIVABLES Receivables from group companies Receivables from group companies

11

Total liabilities

847,265,820.54 815,963,083.00

38,878,585.67 19,511,624.05 38,878,585.67 19,511,624.05

TOTAL SHAREHOLDES' EQUITY AND LIABILITIES

2,452,826,243.35 2,309,659,959.78

Current receivables Accounts receivables

11

156,737,059.46 136,478,748.63 182,648,251.13 350,842,606.92

Receivables from group companies Receivables from associated companies

98,183.87

289,849.64

Other receivable

23,337,352.03 33,700,472.97 41,637,891.74 7,928,830.79 404,458,738.23 529,240,508.95

Prepayments and accrued income

Total receivables

443,337,323.90 548,752,133.00

Cash and cash equivalents

13,371,673.53 24,353,833.76 723,380,060.38 781,965,878.97

Total current assets

TOTAL ASSETS

2,452,826,243.35 2,309,659,959.78

142

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