Metsä Board Annual and sustainability report 2022

Consolidated balance sheet

EUR million

Note

31 DEC 2022

31 DEC 2021

ASSETS

Non-current assets Goodwill

4.1 4.1 4.2 7.2

12.2

12.4

Other intangible assets

5.9

6.2

Tangible assets

1,107.9 614.2 345.4

935.0 479.0 181.0

Investments in associated companies and joint ventures

Other investments

4.3, 5.7

Other non-current financial assets Derivative financial instruments

5.3 5.7

6.0 2.9 9.4

15.3

Deferred tax receivables

6

8.4

2,103.9

1,637.2

Current assets Inventories

4.4

506.7 354.5

382.6 331.5

Accounts receivable and other receivables

4.5, 7.3

Current income tax receivables Derivative financial instruments

41.4 40.5

1.0

5.7

34.0

Cash and cash equivalent

5.4, 7.3

356.2

524.2

1,299.3

1,273.4

Assets classified as held for sale

7.2

11.0

Total assets

3,403.2

2,921.5

SHAREHOLDERS’ EQUITY AND LIABILITIES

Equity attributable to shareholders of parent company

5.1

Share capital

557.9 -64.0 283.9 208.9

557.9 -27.2 118.3 208.9

Translation differences

Fair value and other reserves

Reserve for invested unrestricted equity

Treasury shares Retained earnings

-7.8

1,103.2 2,082.0

841.5

1,699.4

Non-controlling interests Total shareholders' equity

173.2

146.2

2,255.2

1,845.6

Non-current liabilities Deferred tax liabilities

6.

149.5

96.2 13.7

Post employment benefit obligations

3.4 4.8

10.4

Provisions Borrowings

2.0

2.0

5.5, 5.6, 5.7

434.4

437.0

Other liabilities

4.6 5.7

3.9

1.5 1.7

Derivative financial instruments

600.2

552.1

Current liabilities Provisions

4.8

4.9

1.0

Current borrowings

5.5, 5.6, 5.7

18.6

10.0

Accounts payable and other liabilities

4.7, 7.3

482.7

467.5

Current income tax liabilities

11.6

19.9 18.6

Derivative financial instruments

5.7

30.2

547.9

517.0

Liabilities classified as held for sale

7.2

6.8

Total liabilities

1,148.1 3,403.2

1,076.0 2,921.5

Total shareholders' equity and liabilities

The notes are an integral part of these financial statements.

91

Consolidated financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022

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