Metsä Board Annual review 2023

METSÄ BOARD Annual review 2023

EUR

2023

2022

EUR

2023

2022

Land and water areas Acquisition costs 1.1.

9. Intangible and tangible assets

Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6

26,340,456.62 4,768,400.00 -1,062,056.11

29,491,705.78

Increases

9,464.00

Intangible rights Acquisition costs 1.1.

Decreases

-3,164,398.52

51,304,534.70 8,566,067.13 -9,071,775.42

111,057,990.95 8,019,339.65 -68,792,929.00 1,020,133.10 51,304,534.70

Transfers between items

3,685.36

Increases Decreases

Acquisition costs 31.12.

30,046,800.51

26,340,456.62

Transfers between items Acquisition costs 31.12.

8,120.09

Strategy and financial targets

50,806,946.50

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers

-20.20

-20.98

8

Value creation

0.78

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers Depreciation and write-downs for the financial period

-39,943,768.16 1,708,325.42

-106,192,061.63 67,002,867.42

Accumulated depreciation and impairment on 31.12.

-20.20

-20.20

Financial development 10 Key figures 12

Book value 31.12.

30,046,780.31

26,340,436.42

-961,615.18 -519,966.92

-754,573.95

Impairments

Buildings and constructions Acquisition costs 1.1. Opening balance correction

Accumulated depreciation and impairment 31.12.

-39,717,024.84 11,089,921.66

-39,943,768.16 11,360,766.54

Report of the Board of Directors

326,310,652.31

311,087,587.69 11,134,125.36 4,330,072.64 -3,256,608.92 3,015,475.54 326,310,652.31 -187,383,727.72 -4,868,791.86 1,533,955.35 -8,496,098.14 -199,214,662.37 127,095,989.94 1,281,155,098.82 6,979,604.01 34,987,919.86 -17,313,443.78 6,373,558.75 1,312,182,737.66

Book value 31.12.

20 72

• Sustainability statement • Sustainability statement assurance report

Increases Decreases

8,832,311.77 -1,492,068.30 15,670,901.87 349,321,797.65

Goodwill Acquisition costs 1.1.

24,970,634.39 -24,970,634.39

Transfers between items Acquisition costs 31.12.

Decreases

74

Consolidated financial statements

Acquisition costs 31.12.

Accumulated depreciation and impairment charges 1.1.

-199,214,662.37

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

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers Accumulated depreciation and impairment on 31.12. Book value 31.12.

-24,970,634.39 24,970,634.39

Opening balance correction

Accumulated depreciation of deductions and transfers Depreciation and write-downs for the financial year Accumulated depreciation and impairment on 31.12.

1,492,068.30 -9,289,313.76 -207,011,907.83 142,309,889.82

Book value 31.12.

Other intangible assets Acquisition costs 1.1.

8,665,493.18 132,558.44

7,846,976.75 245,460.55 -872,084.63 1,445,140.51 8,665,493.18

Machinery and equipment Acquisition costs 1.1. Opening balance correction

Increases Decreases

1,312,182,737.66

-8,005.74 46,937.50

Transfers between items Acquisition costs 31.12.

Increases Decreases

33,111,908.38 -13,461,281.06 25,708,599.67 1,357,541,964.65

8,836,983.38

Transfers between items Acquisition costs 31.12.

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers Depreciation and write-downs for the financial period Accumulated depreciation and impairment 31.12.

-8,233,482.01

-7,568,232.07 -579,264.84

8,745.77

-100,208.89 -8,324,945.13

-85,985.10

Accumulated depreciation and impairment charges 1.1.

-1,072,253,700.09

-1,044,241,480.62

-8,233,482.01

Opening balance correction

-6,744,936.04 17,031,444.55 -38,298,727.98

Book value 31.12.

512,038.25

432,011.17

Accumulated depreciation of deductions and transfers Depreciation and write-downs for the financial year Accumulated depreciation and impairment on 31.12.

13,401,199.51 -38,747,838.08

Advance payments and work in progress Acquisition costs 1.1.

-1,097,600,338.66 259,941,625.99

-1,072,253,700.09 239,929,037.57

133,093.84 8,123,565.36

1,020,133.10 133,093.84 -1,020,133.10

Book value 31.12.

Increases

Transfers between items

Other tangible assets Acquisition costs 1.1.

Acquisition costs 31.12.

8,256,659.20

133,093.84

14,657,784.12

14,204,781.97 1,363,101.25 -1,296,226.73

Increases Decreases

24,507.94

Intangible assets total Acquisition costs 1.1.

60,103,121.72 16,822,190.93 -9,079,781.16

144,895,735.19 8,397,894.04 -94,635,648.02

Transfers between items Acquisition costs 31.12.

386,127.63

Increases Decreases

14,682,292.06

14,657,784.12

Transfers between items

55,057.59

1,445,140.51

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers Depreciation and write-downs for the financial year Accumulated depreciation and impairment on 31.12.

-7,028,054.32

-7,566,709.79 1,296,226.73

170 Remuneration report 174 Investor relations and investor information

Acquisition costs 31.12.

67,900,589.08

60,103,121.72

-819,224.47 -7,847,278.79 6,835,013.27

-757,571.26

-7,028,054.32 7,629,729.80

Accumulated depreciation and impairment charges 1.1. Accumulated depreciation of deductions and transfers

-48,177,250.17

-138,730,928.09

Book value 31.12.

1,717,071.19

91,394,236.97

Depreciation and write-downs for the financial year

-1,061,824.07

-840,559.05

Advance payments and work in progress Acquisition costs 1.1.

Impairments

-519,966.92

60,459,586.34 24,337,087.07

18,957,755.83 51,280,677.79

Accumulated depreciation and impairment charges 31.12.

-48,041,969.97

-48,177,250.17

Increases Decreases

Book value 31.12.

19,858,619.11

11,925,871.55

683.00

Transfers between items Acquisition costs 31.12.

-41,435,982.16 43,361,374.25

-9,778,847.28

60,459,586.34

132

133

Parent company financial statements | METSÄ BOARD ANNUAL REVIEW 2023

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