METSÄ BOARD Annual review 2023
EUR
2023
2022
EUR
2023
2022
2. Sales by region Finland
6. Depreciation and impairment charges Planned depreciation Intangible rights
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
71,957,904.99 634,651,668.85 155,584,591.86 376,974,162.21 1,239,168,327.91
65,103,945.73 785,329,475.63 221,181,415.75 501,092,341.29 1,572,707,178.40
Other EU-countries
961,615.18 100,208.89
754,573.95 85,985.10
Other European countries
Other intangible assets
Other countries
Buildings and constructions Machinery and equipment
9,289,313.76 38,747,838.08
8,496,098.14 38,298,727.98
Total
Other tangible assets
819,224.47
757,571.26
Strategy and financial targets
3. Exceptional items Other operating income
Total
49,918,200.38
48,392,956.43
8
Value creation
Oy Hangö Stevedoring Ab Proceeds from selling shares
22,955,409.24 6,533,675.05 4,892,703.24 632,637.88
Impairment on tangible and intangible assets Intangible assets
Proceeds of selling land
2,707,107.12
519,966.92 519,966.92
Financial development 10 Key figures 12
Encore Ympäristöpalvelut Oy Proceeds of selling shares
Total
Merger profit
Environmental reservation
93,187.59
Total depreciation and impairment
50,438,167.30
48,392,956.43
Report of the Board of Directors
Total
2,707,107.12
35,107,613.00
20 72
• Sustainability statement • Sustainability statement assurance report
Change in depreciation difference
24,354,472.54
11,697,827.98
4. Other operating income Rental income
Total depreciation
74,792,639.84
60,090,784.41
1,195,943.71
1,053,865.71
74
Consolidated financial statements
Service revenue Gains on disposal
18,372,566.27 50,797,267.91 6,060,823.02 234,025.33 4,375,036.57 81,035,662.81
16,868,639.19 62,127,817.78 3,214,154.64 219,922.43 8,163,678.81 91,648,078.56
Depreciation difference at the beginning of the financial year
176,002,120.56 24,354,472.54 200,356,593.10
164,304,292.58 11,697,827.98 176,002,120.56
Change in depreciation differences
Government grants and allowances
78 Notes to the consolidated financial statements 126 Parent company financial statements 129 Notes to the parent company financial statements 142 The Board’s proposal to the Annual General Meeting for the distribution of funds 143 Auditor’s Report 147 Shares and shareholders 151 Ten years in figures 152 Taxes 153 Production capacities 155 Calculation of key ratios and comparable performance measures Corporate governance 157 Corporate governance statement 165 • Board of Directors of Metsä Board 168 • Corporate Management Team of Metsä Board
Depreciation difference at the end of the financial year
Scrap and waste sale
Others
Total
7. Financial income and expenses
Income from investments in non-current assets Dividend income From Group companies
5. Operating expenses External services Distribution costs
82,806,999.00
58,847,155.62
From others
945.00
323,118.23
134,631,795.07 70,313,400.81 204,945,195.88
178,928,268.89 76,813,689.66 255,741,958.55
Total
82,807,944.00
59,170,273.85
Other external services
Total
Interest income on investments in non-current assets From Group companies
16,261,117.45 16,261,117.45
8,273,801.16 8,273,801.16
Employee costs Wages and salaries for working hours
Total
61,525,003.31 -2,183,679.64
64,823,548.60 -495,369.86
Osakeperusteiset maksut Social security expenses Pension expenses
Total income from non-current assets
99,069,061.45
67,444,075.01
14,621,870.25 27,531,368.52 101,494,562.44
15,531,896.13 26,500,573.28 106,360,648.15
Other interest and financial income Interest income from Group companies
Other social security expenses
4,859,742.53 301,640.04
1,161,448.04
Total
Other interest income Other financial income
36,757.42
286.71
Share-based fee arrangement is concerning 31.12.2023 18 persons of mother entity Metsä Board Oyj. From earning period 2021–2023 it is possible to earn total 344,109 (brutto), from earning period 2022–2024 total 351,398 (brutto)and from earning period 2023–2025 total 359,415 (brutto) Metsä Board B-series shares.
Total
5,161,382.57
1,198,492.17
Additional information of salaries, rewards and pension plans to management are presented in Group’s Note 3.2. Additional information of share-based payments are presented in Group’s Note 3.3.
Exchange rate differences recognised in financial income and expenses Exchange rate differences on sales
-450,166.38 -872,017.52 -4,076,449.74 -5,398,633.64
1,127,532.45 -513,406.61
The average number of personnel during the financial period in the parent company
1,227
1,222
Exchange rate differences on purchases Exchange rate differences on financing
-25,437,200.75 -24,823,074.91
Other operating expenses Rental and other property costs
Total
15,494,361.54 80,399,030.53
13,469,651.58 73,671,626.62
Purchases of services
Interest and other financial expenses Interest expenses for the same group companies
Losses on disposal of non-current assets
19,112.74
258,692.33
1,157,772.68
-794,579.90 -9,631,591.72 -816,987.98 -11,243,159.60
170 Remuneration report 174 Investor relations and investor information
Other expenses Voluntary social costs
Other interest expenses Other financial expenses
-13,962,089.81 -410,880.17 -13,215,197.30
2,454,527.45 6,118,227.77 1,532,327.66 3,427,277.87 2,755,110.69 5,376,857.76 117,576,834.01
4,080,223.14 8,938,239.16 897,984.13 3,283,249.15 1,858,792.58 6,139,173.81 112,597,632.50
Fixed energy costs Traveling expenses
Total interest expenses and other financial expenses
Insurances
Financial income and expenses total
85,616,613.08
32,576,332.67
Advertising and marketing expenses
Others
Total
8. Income taxes
Taxes for the financial year
7,849,008.63
5,596,020.86 -177,905.68 206,051.87 5,624,167.05
Fees of principal auditor Audit fees
Taxes for previous financial years
67.52
224,000.00 12,359.30 236,359.30
221,447.49 49,612.51 271,060.00
Deferred taxes
-5,818.20
Auditor's opinions
7,843,257.95
Total
The principal auditor is KPMG Oy Ab.
130
131
Parent company financial statements | METSÄ BOARD ANNUAL REVIEW 2023
Powered by FlippingBook