Financial statements - Mondi

More documents

Recommendations

Info

Notes to the combined and consolidated financial statements continued for the year ended 31 December 2010 2 Operating segments (continued) Non-current non-financial assets 2010 2009 Non-current Net Non-current Net non-financial Segment segment non-financial Segment segment E million assets 1 assets assets assets 1 assets assets Africa South Africa 2 1,253 1,584 1,344 1,074 1,346 1,163 Rest of Africa 13 25 21 10 19 16 Africa total 1,266 1,609 1,365 1,084 1,365 1,179 Western Europe Austria 392 752 667 398 735 529 United Kingdom 2 80 135 113 162 231 173 Rest of western Europe 434 714 543 401 605 492 Western Europe total 906 1,601 1,323 961 1,571 1,194 Emerging Europe Poland 580 702 583 600 704 631 Slovakia 492 547 466 544 588 543 Rest of emerging Europe 392 536 394 380 524 425 Emerging Europe total 1,464 1,785 1,443 1,524 1,816 1,599 Russia 896 1,020 961 742 865 836 North America 56 92 74 46 74 65 Asia and Australia 20 39 36 49 121 88 Group total 4,608 6,146 5,202 4,406 5,812 4,961 Notes: 1 Non-current non-financial assets are non-current assets and consist of property, plant and equipment, intangible assets and forestry assets, but exclude retirement benefits surplus, deferred tax assets and non-current financial assets. 2 These non-current non-financial assets, segment assets and net segment assets, which total E1,333 million, E1,719 million and E1,457 million respectively (2009: E1,236 million, E1,577 million and E1,336 million respectively), are attributable to the countries in which the Group’s parent entities are domiciled. 96 Annual report and accounts 2010
2 Operating segments (continued) Additions to non-current non-financial assets Additions to non-current Capital expenditure non-financial assets 1 cash payments 2 E million 2010 2009 2010 2009 Europe & International Uncoated Fine Paper 138 257 151 191 Corrugated 79 178 87 195 Bags & Coatings 102 83 92 81 Total Europe & International 319 518 330 467 South Africa Division 71 63 28 26 Mondi Packaging South Africa 28 17 28 17 Newsprint businesses 3 10 10 7 7 Corporate & other businesses – 6 1 – Group and segments total 428 614 394 517 Notes: 1 Additions to non-current non-financial assets reflect cash payments and accruals in respect of additions to property, plant and equipment, intangible assets and forestry assets and include interest capitalised as well as additions resulting from acquisitions through business combinations. Additions to non-current non-financial assets, however, exclude additions to deferred tax assets, retirement benefits surplus and non-current financial assets. 2 Capital expenditure cash payments exclude business combinations, interest capitalised and investments in intangible and forestry assets. 3 Additions to non-current non-financial assets and capital expenditure cash payments of the Merchant business are included in the results of the Newsprint businesses segment up to its date of disposal. Excluding the additions to non-current non-financial assets and capital expenditure cash payments of the Merchant business, the segment result for the year ended 31 December 2010 would have been E8 million for additions to non-current non-financial assets; and E9 million for capital expenditure cash payments. 3 Operating profit before special items Operating profit before special items for the year has been arrived at after (charging)/crediting: E million 2010 2009 Depreciation of property, plant and equipment (see note 12) (360) (341) Amortisation of intangible assets (see note 11) (13) (10) Operating lease charges (see note 2) (66) (62) Research and development expenditure (11) (8) Restructuring/closure costs (excluding special items) – (3) Net foreign currency gains/(losses) (see note 7) 5 (13) Green energy sales and disposal of emissions credits (see note 2) 80 47 Fair value gains on forestry assets (see note 13) 36 28 Felling costs (see note 13) (65) (50) Profit on disposal of tangible and intangible assets 1 4 Total revenue, as defined under IAS 18, ‘Revenue’, consisting of Group revenue, sale of green energy and disposal of emissions credits, interest income and dividend income, was E6,319 million (2009: E5,313 million). Other than depreciation and amortisation, and fair value movements on forestry assets which are disclosed above, there are no other significant non-cash items recorded within Group operating profit as stated before operating special items. Mondi Group 97 Financial statements
Page 1 and 2: Contents Financial statements and s
Page 3 and 4: Independent auditors’ report to t
Page 5 and 6: Matters on which we are required to
Page 7 and 8: Combined and consolidated statement
Page 9 and 10: Combined and consolidated statement
Page 11 and 12: Notes to the combined and consolida
Page 13 and 14: 1 Accounting policies (continued) I
Page 15 and 16: 1 Accounting policies (continued) D
Page 17 and 18: 1 Accounting policies (continued) T
Page 19 and 20: 1 Accounting policies (continued) E
Page 21 and 22: 1 Accounting policies (continued) S
Page 23 and 24: 2 Operating segments (continued) Me
Page 25 and 26: 2 Operating segments (continued) Ex
Page 27: 2 Operating segments (continued) Op
Page 31 and 32: 4 Employee numbers and costs (conti
Page 33 and 34: 5 Special items (continued) Year en
Page 35 and 36: 8 Tax charge (a) Analysis of charge
Page 37 and 38: 10 Dividends Dividends paid to the
Page 39 and 40: 11 Intangible assets (continued) Th
Page 41 and 42: 13 Forestry assets E million 2010 2
Page 43 and 44: 16 Financial asset investments (con
Page 45 and 46: 19 Trade and other payables E milli
Page 47 and 48: 20 Borrowings (continued) Non-inter
Page 49 and 50: 21 Derivative financial instruments
Page 51 and 52: 23 Deferred tax (continued) Deferre
Page 53 and 54: 24 Retirement benefits (continued)
Page 59 and 60: 27 Share capital and share premium
Page 61 and 62: 28 Share-based payments (continued)
Page 63 and 64: 29 Business combinations (continued
Page 65 and 66: 31 Disposal groups and assets held
Page 67 and 68: 33 Capital commitments E million 20
Page 69 and 70: 37 Financial risk management (conti
Page 77 and 78: 38 Related party transactions (cont
Page 79 and 80:
Mondi plc parent company balance sh
Page 81 and 82:
1 Accounting policies (continued) B
Page 83 and 84:
8 Reconciliation of shareholders’
Page 85 and 86:
Mondi Limited parent company statem
Page 87 and 88:
3 Investment in joint venture R mil
Page 89 and 90:
Group financial record Financial pe
Page 91:
Production statistics Production st
show all

Financial statements - Mondi

Create successful ePaper yourself

Delete template?

Save as template?