Annual Report and Financial Statements 2007 - Finnlines

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74 SHARES AND SHAREHOLDERS Finnlines Plc has one share series. Each share carries one vote at general shareholder meetings and confers identical dividend rights. As outlined in Finnlines’ Articles of Association, the company’s minimum share capital is EUR 50 million and the maximum is EUR 200 million. The share capital can be increased or decreased within these limits. The company’s paid-up and registered share capital on 31 December 2007 totalled EUR 81,383,916. The capital stock consisted of 40,691,958 shares. SHARES Finnlines Plc’s shares are listed on the OMX Helsinki Exchange in Helsinki. A total of 9.4 million shares were traded during the year. No treasury shares were held by the company. The highest quoted price of the share during the year was EUR 17.79 and the lowest was EUR 13.07. At year-end, the shares’ market capitalisation value was EUR 650.6 million. SHAREHOLDERS At the end of 2007, Finnlines had approximately 2,350 shareholders. The ten largest shareholders owned 70.7 per cent of the company’s shares. 16.7 per cent of shareholders were nomineeregistered. At year-end, the Italian Grimaldi Group had a 52.5 per cent holding of Finnlines shares and voting rights. Finnlines’ share ownership structure on 31 December 2007 % of shares Private companies 55.53 Public entities 11.91 Financial and insurance companies 6.75 Non-profi t associations 4.85 Households 3.89 Nominee registered 16.74 Other 0.33 Total 100.00 Shares outstanding on 31 December 2003 – 31 December 2007 Option Transaction series Options exercised Amount of shares Shares outstanding Own shares Total amount of shares On 31 Dec 2003 On 1 Nov 2004 19 866 479 * 112 500 * 19 978 979 * Bonus issue (1/2) 39 401 958 556 000 39 957 958 On 31 Dec 2004 39 401 958 556 000 39 957 958 On 18 Jan 2005 2001A 154 600 309 200 Exercise of options 2001B 21 300 42 600 39 753 758 556 000 40 309 758 On 11 Mar 2005 2001A 76 300 152 600 Exercise of options On 8 Apr 2005 2001B 199 500 399 000 40 305 358 556 000 40 861 358 Cancellation of own shares -556 000 40 305 358 40 305 358 On 30 Sep 2005 40 305 358 40 305 358 On 9 Nov 2005 2001A 84 100 168 200 Exercise of options 2001B 91 600 183 200 40 656 758 40 656 758 On 31 Dec 2005 On 20 Jan 2006 40 656 758 40 656 758 Exercise of options 2001B 1 500 3 000 40 659 758 40 659 758 On 10 Apr 2006 2001A 7 500 15 000 Exercise of options 2001B 8 600 17 200 40 691 958 40 691 958 On 31 Dec 2006 40 691 958 40 691 958 On 31 Dec 2007 40 691 958 40 691 958 * Amounts not corrected for Bonus Issue.
Principal shareholders on 31 December 2007 Number of shares % Grimaldi Group Naples 21 359 590 52.49 Ilmarinen Mutual Pension Insurance Company 4 106 000 10.09 Svenska Litteratursällskapet i Finland 690 000 1.70 Sampo Life Insurance Company Limited 663 000 1.63 Sigrid Jusélius Foundation 470 000 1.16 Nordea Life Assurance Finland Ltd. 361 683 0.89 Nordea Fennia Fund 299 032 0.73 Pohjola Non-Life Insurance Company Ltd. 290 000 0.71 Nordea Pro Finland Fund 285 717 0.70 Aktia Capital Fund 256 393 0.63 10 largest total 28 781 415 70.73 Nominee Registered 6 812 281 16.74 Other shareholders 5 098 262 12.53 Total amount of shares 40 691 958 100.00 FINNLINES 2007 MONTHLY SHARE PRICE DEVELOPMENT AND TRADING VOLUMES, 2003–2007 Shares (million) Trading volumes 12 11 10 9 8 7 6 5 4 3 2 1 Share price 0 2003 2004 2005 2006 2007 EUR 20 15 10 5 0 75
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ANNUAL REPORT 2007
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2 El Ferrol Bilbao Hull Antwerp Aar
Page 7 and 8:
CHIEF EXECUTIVE OFFICER’S REVIEW
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STRATEGIC GOALS An even stronger po
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BUSINESS ENVIRONMENT Finnlines oper
Page 13 and 14:
SHIPPING AND SEA TRANSPORT SERVICES
Page 15 and 16:
PORT OPERATIONS Finnlines’ subsid
Page 17 and 18:
ENVIRONMENT AND SAFETY Environmenta
Page 19 and 20:
HUMAN RESOURCES In 2007, the last t
Page 21 and 22:
FINANCIAL STATEMENTS FINNLINES 2007
Page 23 and 24:
transported (approx. 400,000 in 200
Page 25 and 26: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 27 and 28: CONSOLIDATED CASH FLOW STATEMENT, I
Page 29 and 30: PROFIT AND LOSS ACCOUNT, PARENT COM
Page 31 and 32: CASH FLOW STATEMENT, PARENT COMPANY
Page 33 and 34: CONSOLIDATION PRINCIPLES Subsidiari
Page 35 and 36: INVESTMENT PROPERTIES Investment pr
Page 37 and 38: INVENTORIES Inventories include the
Page 39 and 40: EUR 1 000 Shipping and Sea Transpor
Page 41 and 42: EUR 1 000 1 Jan-4 Sep 2006 Cash fl
Page 43 and 44: 9. PERSONNEL EXPENSES EUR 1 000 200
Page 45 and 46: Reconciliation of differences betwe
Page 47 and 48: EUR 1 000 FINNLINES 2007 Land Build
Page 49 and 50: GOODWILL IMPAIRMENT TESTING For the
Page 51 and 52: 19. INVESTMENTS IN ASSOCIATED COMPA
Page 53 and 54: EUR 1 000 FINNLINES 2007 1 Jan 2007
Page 55 and 56: EUR 1 000 2006 FINNLINES 2007 Booke
Page 57 and 58: 27. PROVISIONS EUR 1 000 2007 2006
Page 59 and 60: FINANCIAL LEASE LIABILITIES Finance
Page 61 and 62: EUR 1 000 FINNLINES 2007 2007 Defi
Page 63 and 64: EUR 1 000 Fair value Spot-portion *
Page 65 and 66: The sensitivity of the Group's debt
Page 67 and 68: The Group adjusts its vessel capaci
Page 69 and 70: TRANSACTIONS WITH RELATED PARTIES A
Page 71 and 72: BOARD'S PROPOSAL FOR THE USE OF THE
Page 73 and 74: QUARTELY DATA EUR million Q1/2007 Q
Page 75: CALCULATION OF KEY RATIOS, IFRS Ear
Page 79 and 80: FINNLINES 2007 The Board of Managem
Page 81 and 82: BOARD OF MANAGEMENT FROM 1 JANUARY
Page 83 and 84: FINNLINES 2007 FINNEAGLE (1999) Naa
Page 85 and 86: CONTACTS FINNLINES PLC Porkkalankat
Page 87 and 88: paRent cOmpany - accOunting pRincip
Page 89 and 90: Balance sheet, paRent cOmpany, Fas
Page 91 and 92: paRent cOmpany - nOtes tO the Finan
Page 93 and 94: 8. extRaORDinaRy items EUR 1 000 20
Page 95 and 96: 14. inventORies EUR 1 000 2007 2006
Page 97 and 98: 20 lOng-teRm liaBilities EUR 1 000
Page 99 and 100: cOntingencies anD cOmmitments EUR 1
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Annual Report and Financial Statements 2007 - Finnlines

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