METSÄ BOARD Annual review 2024
Parent company’s financial statements Income statement
Parent company Balance sheet
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
EUR
Note
31.12.2024
31.12.2023
EUR
Note
31.12.2024
31.12.2023
EUR
NOTE
1.1.–31.12.2024 1,255,155,685.28
1.1.–31.12.2023 1,239,168,327.91 -59,575,562.56 81,035,662.81
EQUITY AND LIABILITIES SHAREHOLDERS’ EQUITY
ASSETS NON-CURRENT ASSETS Intangible assets
Sales
2
12
Strategy and financial targets
Change in stocks of finished and unfinished products
3, 4
12,115,612.05 86,974,184.38
Share capital
557,881,540.40 557,881,540.40
9
8
Value creation
Other operating income
Other reserves Reserve for invested unrestricted equity
Intangible assets
7,678,883.67 11,089,921.66
Materials and services Materials, consumables and goods
210,639,481.81 210,639,481.81 137,422,660.27 195,273,187.14 218,714,526.78 192,906,977.09 115,336,218.41 1,174,337,017.67 1,272,037,404.85 49,678,808.41
Other intangible assets
403,255.41
512,038.25
Value adjustment reserve
Advance payment and construction in progress
Financial development 10 Key figures 12
28,277,699.91
8,256,659.20
Purchases during the financial period
-813,994,757.43
-735,583,407.40
Profit/loss for previous financial periods Profit/loss for the financial period
36,359,838.99 19,858,619.11
Changes in stocks
4,205,311.64
11,327,074.69
External services
5 5
-232,173,374.01 -103,581,145.93 -61,629,733.62 -125,140,890.36 -1,332,314,589.71
-204,945,195.88 -101,494,562.44 -50,438,167.30 -117,576,834.01 -1,198,711,092.34
Report of the Board of Directors
Property, plant and equipment
9
Employee costs
20 20 37 70 89 96
• Sustainability statement
Land and water areas
29,920,088.35 30,046,780.31 146,237,007.92 142,309,889.82 307,029,230.84 259,941,625.99
Depreciations and impairment charges
3, 6 3, 5
APPROPRIATIONS Accumulated depreciation difference
General information
Buildings and constructions Machinery and equipment
Other operating expenses
6 229,362,824.54 200,356,593.10
E – Environment
Other tangible assets
6,446,100.52
6,835,013.27
PROVISIONS
13 2,438,948.00 2,758,948.00
S – Social responsibility
Operating profit/loss
21,930,892.00
61,917,335.82
Advance payment and construction in progress
26,669,977.81
43,361,374.25
G – Governance
LIABILITIES Non-current liabilities
516,302,405.44 482,494,683.64
Financial income and expenses Income from group companies
7
15
Annexes to the Sustainability statement
73,509,700.49
103,927,858.98
Bonds
249,769,529.03 249,685,345.02 152,941,176.48 164,705,882.36
Investments
10
Income from investments in other non-current assets
94,652.26 281,843.31
945.00
Loans from financial institutions
98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board
Shares in group companies
786,632,313.27 529,953,996.10 128,466,313.09 288,654,833.04 86,429,409.33 86,429,409.33 218,984,414.93 253,698,707.84 1,220,512,450.62 1,158,736,946.31
Other interest and financial income
301,640.04
Advance payments Deferred tax liability
4,904,056.51
7,354,456.51
Receivables from group companies Shares in associated companies
Exchange rate differences
-4,914,376.10 -15,882,154.35 53,089,665.61
-5,398,633.64 -13,215,197.30 85,616,613.08
8, 14 31,378,380.05 48,266,450.66
Interest expenses and other financial expenses
Other liabilities
649,459.11 865,945.59 439,642,601.18 470,878,080.14
Other shares and holdings
Profit/loss before appropriations and taxes
75,020,557.61
147,533,948.90
Current liabilities
16
Total non-current assets
1,773,174,695.05 1,661,090,249.06
Appropriations Change in depreciation differences
Commercial papers
29,736,827.38
6
-29,006,231.44 1,000,000.00 2,664,482.24
-24,354,472.54
Loans from financial institutions
11,764,706.19 11,764,705.88
CURRENT ASSETS Inventories Materials and consumables
Group contribution
Advance payments
4,242,438.42
4,687,512.48
Income taxes
8
-7,843,257.95
Trade payables
115,303,163.36 122,711,978.74 184,565,946.37 94,701,965.84 5,604,941.60 6,832,689.40 49,394,801.90 58,777,075.75 400,612,825.22 299,475,928.09
71,682,844.37 64,903,754.79 150,202,175.07 138,086,563.02 221,885,019.44 202,990,317.81
Profit/loss for the financial period
49,678,808.41
115,336,218.41
Liabilities to group companies
Finished products
Other liabilities
Accruals and deferred income
Receivables from group companies Receivables from group companies
34,907,059.95 37,596,485.20 34,907,059.95 37,596,485.20
Total liabilities
840,255,426.40 770,354,008.23
TOTAL SHAREHOLDES' EQUITY AND LIABILITIES
Current receivables
11
2,246,394,216.61 2,245,506,954.18
Trade receivables
105,360,385.66 115,699,537.58 74,887,353.03 196,956,199.22
Receivables from group companies Receivables from associated companies
109,751.16
195,710.12
Other receivable
27,109,557.13 15,553,670.54 5,097,591.69 216,400,145.59 333,502,709.15 8,933,098.61
Prepayments and accrued income
Total receivables
251,307,205.54 371,099,194.35
Cash and cash equivalents
27,296.58 10,327,192.96
Total current assets
473,219,521.56 584,416,705.12
TOTAL ASSETS
2,246,394,216.61 2,245,506,954.18
196 Remuneration report 201 Investor relations and investor information
150
151
Parent company financial statements | METSÄ BOARD ANNUAL REVIEW 2024
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