Metsä Board Annual and sustainability report 2022

Parent company accounts

■ Cash flow statement

EUR

1.1.–31.12.2022

1.1.–31.12.2021

CASH FLOW FROM OPERATING ACTIVITIES Profit/loss before appropriations and taxes

128,942,812.52

144,782,607.94

Adjustments to profit/loss a)

-47,715,398.92

37,829,380.81

Interest received

9,472,006.62 -10,680,827.37 59,142,897.83 -10,999,779.03 -49,996,551.31 -109,960,671.71 -31,795,511.37 -15,767,840.00 -78,185,167.01 25,241,080.85 16,878,690.70 40,771,107.52 -19,342,971.29 -30,405,099.23

5,625,765.02 -10,387,182.18

Interest paid

Dividends received

35,336.84

Other financial items, net

-5,487,515.15 -13,806,989.91 60,201,890.97 218,793,294.34

Income taxes paid

Change in net working capital b)

Net cash flow from operating activities

INVESTMENTS Acquisition of other shares

0.00

Investments in tangible and intangible assets

-52,139,088.99

Proceeds from disposal of shares in affiliated companies,

0.00

Proceeds from other investments

210,500.00

Prodeeds from sale of tangible and intangible assets Increase and decrease of non-current receivables, net

30,349,351.55 60,245,134.44 38,665,897.00

Total cash flow from investing activities

CASH FLOW BEFORE FINANCIAL ACTIVITIES

-62,200,610.60

257,459,191.34

Cash flow from financial activities Acquistion of own shares

-7,838,135.79 -145,782,413.01 60,899,777.40 -55,889,483.28 2,399,500.72 197,037,841.22

0.00

Dividends paid and other profit distribution

-92,433,313.95

Increase in non-current liabilities Decrease in non-current liabilities

0.00 0.00 0.00

Pitkäaikaisten korollisten velkojen muutos

Increase or decrease in interest bearing current receivables, net

-147,374,614.78

Group contribution

391,363.11

1,160,000.00

51,218,450.37

-238,647,928.73

CHANGES IN CASH AND CASH EQUIVALENTS

-10,982,160.23

18,811,262.61

Cash and cash equivalents opening balance Change in cash and cash equivalents Cash and cash equivalents closing balance

24,353,833.76 -10,982,160.23 13,371,673.53

5,542,571.15 18,811,262.61 24,353,833.76

a) Adjustments to profit/loss Depreciations and impairment charges

48,392,956.43 -32,576,332.67 -62,501,763.33 -1,030,259.35 -47,715,398.92

49,811,731.10 9,992,344.69 -21,257,815.66

Financial income and expenses

Gains or losses on sale of fixed assets

Change in provisions

-716,879.32

Total

37,829,380.81

b) Change in net working capital Inventories

-57,800,939.75 -39,982,068.72 -12,177,663.24 -109,960,671.71

-17,961,740.73 -14,579,980.26 92,743,611.96 60,201,890.97

Change in current receivables, non-interest bearing Change in current liabilities, non-interest bearing

Total

143

Parent company financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022

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