Annual Report 1999 - Kemira

CONSOLIDATED BALANCE SHEET
31.12.
Note 1999 1998
EUR million EUR million
ASSETS
Non-current assets 28
Intangible assets 11 79.7 68.7
Tangible assets 12 1,328.2 1,307.6
Investments 13
Holdings in associated companies 50.7 41.6
Other shares and holdings 8.4 7.9
Other investments 18.5 18.4
Total investments 77.6 67.9
Total non-current assets 1,485.5 1,444.2
Current assets 28
Inventories 14 455.9 429.2
Receivables 15
Interest-bearing receivables 23.4 18.2
Other interest-free receivables 549.7 466.0
Total receivables 573.1 484.2
Securities 22 42.4 39.9
Cash and bank 22 46.0 55.6
Total current assets 1,117.4 1,008.9
Total assets 2,602.9 2,453.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
31.12.
Note 1999 1998
EUR million EUR million
Shareholders’ equity 16, 17
Share capital 217.0 216.6
Share premium account 252.5 252.9
Revaluation reserve 8.3 8.5
Own shares –5.8 –
Other reserves 4.2 3.8
Retained earnings 461.6 375.5
Net profit for the financial year 29.9 78.6
Total shareholders’ equity 967.7 935.9
Minority interests 15.2 13.3
Long-term liabilities
Interest-bearing long-term liabilities 18, 22 848.8 785.4
Deferred tax liabilities 19 56.6 63.5
Provision for liabilities and charges 20 39.2 44.0
Total long-term liabilities 944.6 892.9
Current liabilities 21
Interest-bearing short-term liabilities 22 173.5 202.6
Interest-free short-term liabilities 28 501.9 408.4
Total current liabilities 675.4 611.0
Total liabilities 1,620.0 1,503.9
Total liabilities and shareholders’ equity 2,602.9 2,453.1
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