Annual Report 1999 - Kemira

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
BALANCE SHEET (EUR million)
11. INTANGIBLE ASSETS
Intangible
rights
Goodwill
Goodwill on
consolidation
1)
Other longterm
expenditures
Advances
paid
Acquisition cost at beginning of year 31.6 12.7 71.8 62.9 0.3 179.3 148.6
Increases 2.4 1.2 0.8 16.6 – 21.0 36.2
Decreases – – – – – – –0.7
Exchange differences and other changes – 0.2 –0.6 5.0 0.1 4.7 –4.8
Acquisition cost at end of year 34.0 14.1 72.0 84.5 0.4 205.0 179.3
Accumulated depreciation at
beginning of year –22.0 –5.9 –45.4 –37.3 – –110.6 –104.5
Accumulated depreciation relating to
decreases and transfers – – – – – – –0.6
Depreciation during the financial year –2.0 –1.2 –4.5 –6.1 – –13.8 –10.9
Exchange differences and other changes 0.2 – 0.2 –1.3 – –0.9 5.4
Accumulated depreciation at end of year –23.8 –7.1 –49.7 –44.7 – –125.3 –110.6
Net book value at end of year 10.2 7.0 22.3 39.8 0.4 79.7 68.7
1) There was no goodwill on consolidation or negative goodwill on consolidation related to associates in 1999.
1999
total
1998
total
12. TANGIBLE ASSETS
Land and
water
areas 1)
Buildings
and constructions
2)
Machinery
and
equipment 3)
Other tangible
assets
Advances paid
and fixed
assets under
construction
Acquisition cost at beginning of year 98.6 601.3 2,361.1 88.1 66.2 3,215.3 3,136.8
Increases 0.6 21.7 110.6 7.0 –2.8 137.1 211.6
Decreases –0.3 –1.1 –3.1 – – –4.5 –3.7
Exchange differences and other changes 5.4 –15.8 27.7 –2.4 1.4 16.3 –129.4
Acquisition cost at end of year 104.3 606.1 2,496.3 92.7 64.8 3,364.2 3,215.3
Accumulated depreciation at
beginning of year – –296.0 –1,561.0 –50.7 – –1,907.7 –1,847.4
Accumulated depreciation relating to
decreases and transfers – 0.3 –4.9 – – –4.6 29.4
Depreciation during the financial year – –23.5 –145.5 –5.3 – –174.3 –159.8
Exchange differences and other changes – 23.9 24.2 2.5 – 50.6 70.1
Accumulated depreciation at end of year – –295.3 –1,687.2 –53.5 – –2,036.0 –1,907.7
Net book value at end of year 104.3 310.8 809.1 39.2 64.8 1,328.2 1,307.6
1)
The acquisition cost and book value of land and water areas include EUR 23.3 million revaluations in 1999 and in 1998.
2)
The acquisition cost of buildings and constructions include EUR 20.1 million revaluations in 1999 and in 1998. Book value was
EUR 8.6 million at the end of 1999 and EUR 9.5 million at the end of 1998.
3)
Non-depreciated capitalized interest expenses included in buildings were EUR 0.5 million in 1999 (EUR 0.4 million in 1998), in
machinery and equipment EUR 2.4 million in 1999 (EUR 2.3 million in 1998). Interest expenses were not capitalized in 1999. Interest
expenses capitalized on machinery and equipment in 1998 amounted to EUR 0.1 million.
1999
total
1998
total
13. INVESTMENTS
Acquisition cost at beginning of year 41.6 7.9 0.8 17.6 67.9 70.5
Share of net income of associates 1.5 – – – 1.5 3.0
Increases 9.7 0.3 – – 10.0 7.6
Decreases – –0.3 – – –0.3 –5.4
Transfers – – – – – –1.9
Exchange differences and other changes –2.1 0.3 0.1 – –1.7 –0.8
Reduction in value – 0.2 – – 0.2 –0.3
Receivables from associates – – – – – 0.3
Other receivables – – – – – –5.1
Net book value at end of year 50.7 8.4 0.9 17.6 77.6 67.9
Shares and holdings are specified in Note 27.
Holdings in
associates
Other
shares and
holdings
Receivables
from
associates
Other
investments
1999
total
1998
total
14. INVENTORIES 1999 1998
Materials and supplies 187.1 165.8
Work in process 15.1 19.0
Finished goods 252.3 241.8
Advances paid 1.4 2.6
Total 455.9 429.2
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