METSÄ BOARD Annual review 2023
EUR
2023
2022
EUR
2023
2022
12. Shareholders’ equity
13. Mandatory provisions Provisions for pension 1.1.
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
Restricted equity Share capital 1.1. A-shares
738,948.00
843,168.00 -104,220.00 738,948.00
Decrease
51,788,806.85 506,092,733.55 557,881,540.40
51,788,806.85 506,092,733.55 557,881,540.40
31.12.
738,948.00
B-shares
Strategy and financial targets
Total
Provisions for unemployment pension costs 1.1.
8
Value creation
172,714.66 -172,714.66
Share capital 31.12. A-shares
Decrease
51,788,806.85 506,092,733.55 557,881,540.40 259,659,751.43 -64,386,564.29 195,273,187.14
51,788,806.85 506,092,733.55 557,881,540.40
31.12.
Financial development 10 Key figures 12
B-shares
Total
Provisions for environmental obligations 1.1.
1,990,909.00
2,744,233.69
Report of the Board of Directors
Fair value reserve 1.1.
116,464,042.72 143,195,708.71 259,659,751.43
Increase Decrease
29,091.00
Changes
20 72
• Sustainability statement • Sustainability statement assurance report
-689,228.10 -64,096.59 1,990,909.00
Fair value reserve 31.12.
Cancellation of unused provision
31.12.
2,020,000.00
Restricted equity total
753,154,727.54
817,541,291.83
74
Consolidated financial statements
Total provisions 1.1.
Unrestricted equity Reserve for invested unrestricted equity 1.1. Reserve for invested unrestricted equity 31.12.
2,729,857.00
3,760,116.35
210,639,481.81 210,639,481.81
210,639,481.81 210,639,481.81
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
Increase Decrease
29,091.00
-966,162.76 -64,096.59 2,729,857.00
Cancellation of unused provision
Retained earnings 1.1.
398,647,671.61
440,647,402.92 -7,838,135.78 -145,782,413.01 111,620,817.49 398,647,671.61
31.12.
2,758,948.00
Acquisition of own shares
Dividends
-205,740,701.92 115,336,218.41 308,243,195.50
Profit for the financial period
14. Deferred tax assets and liabilities Deferred tax assets Mandatory provisions
Retained earnings 31.12.
551,789.60 551,789.60
545,971.40 545,971.40
Unrestricted equity total
518,882,677.31
609,287,153.42
Total
Equity total 31.12
1,272,037,404.85
1,426,828,445.25
Deferred tax liabilities Valuation of Pohjolan Voima Oyj shares at fair value
44,721,973.05 4,096,267.21 48,818,240.26
62,945,573.05 1,969,308.31 64,914,881.36
Distributable funds Reserve for invested unrestricted equity Profit from previous financial periods
Financial instruments
210,639,481.81 192,906,977.09 115,336,218.41 518,882,677.31
210,639,481.81 287,026,854.12 111,620,817.49 609,287,153.42
Total
Profit for the financial period
Deferred tax assets (+) and liabilities (-), net
-48,266,450.66
-64,368,909.96
Distributable funds
The deferred tax liability for accrued depreciation in 2023 was EUR 40.1 million (35.2).
15. Non-current liabilities Other liabilities Bonds
249,685,345.02 164,705,882.36
249,601,391.02 176,470,588.24 2,399,500.74 64,368,909.96 1,082,432.07 493,922,822.03
Loans from financial institutions
Government grants Deferred tax liabilities Advance payments
865,945.59
48,266,450.66 7,354,456.51 470,878,080.14
Total
170 Remuneration report 174 Investor relations and investor information
Non-current liabilities total
470,878,080.14
493,922,822.03
136
137
Parent company financial statements | METSÄ BOARD ANNUAL REVIEW 2023
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