Report of the Board of the Directors and financial statements
Contents
Report of the Board of Directors
116 5. Capital structure and financial risks 116 5.1 Shareholders’ equity 119 5.2 Financial income and expenses 119 5.3 Other financial assets 120 5.4 Cash and cash equivalents 120 5.5 Borrowings and net debt 122 5.6 Management of financial risks 128 5.7 Classification and fair values of financial assets and liabilities 133 6. Income taxes 135 7. Group structure 135 7.1 Group companies 138 7.2 Acquisitions, assets classified as held for sale and operations disposed of 139 7.3 Related party transactions 140 8. Other notes 140 8.1 Contingent liabilities, assets and commitments ■ Parent company financial statements 141 Parent company income statement 142 Parent company balance sheet 143 Parent company cash flow statement Notes to the parent company financial statements 144 1. Accounting policies 145 2. Sales 145 3. Exceptional items 145 4. Other operating income 145 5. Operating expenses 146 6. Depreciation and impairment charges 146 7. Financial income and expenses 146 8. Income taxes
147 9. Intangible and tangible assets 149 10. Investments 150 11. Receivables 151 12. Shareholders’ equity 152 13. Mandatory provisions 152 14. Deferred tax assets and liabilities 152 15. Non-current liabilities 153 16. Current liabilities 154 17. Financial instruments 155 18. Disputes, legal proceedings and commitments 155 19. Shares and holdings
72
■ Consolidated financial statements 90 Consolidated statement of comprehensive income 91 Consolidated balance sheet 92
Statement of changes in shareholders’ equity
93
Consolidated cash flow statement
Notes to the consolidated financial statements 94 1. Accounting policies 96 2. Profitability 96 2.1 Segment information 97 2.2 Sales 98 2.3 Other operating income 98 2.4 Operating expenses 99 3. Remuneration 99 3.1 Employee costs 99
156 The Board’s proposal to the Annual General Meeting for the distribution of funds 157 Auditor’s report
161 Shares and shareholders 165 Calculation of key ratios 166 Comparable performance measures 167 Taxes and key figures 169 Corporate governance statement 176 Board of Directors of Metsä Board 178 Corporate Management Team of Metsä Board 180 Investor relations and investor information
3.2 The management’s salaries, remuneration and pension expenses
101 3.3 Shared based payment 104 3.4 Retirement benefit obligations
106 4. Capital employed 106 4.1 Intangible assets 109 4.2 Tangible assets 112 4.3 Other investments 113 4.4 Inventories 113 4.5 Accounts receivable and other receivables 114 4.6 Other liabilities 114 4.7 Accounts payable and other liabilities 115 4.8 Provisions
This PDF is not official ESEF report
71
METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022
Powered by FlippingBook