Annual Report 1999 - Kemira

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
BALANCE SHEET (EUR million) 1999 1998
15. RECEIVABLES
Long-term receivables
Interest-bearing long-term receivables
Loan receivables from associates – 0.8
Loan receivables from others – 0.1
Other receivables from others 0.1 0.1
Total interest-bearing long-term receivables 0.1 1.0
Interest-free long-term receivables
Prepaid expenses and accrued income from others 4.3 0.3
Accounts receivable from others 5.5 10.7
Other receivables from others 0.8 0.6
Total interest-free long-term receivables 10.6 11.6
Total long-term receivables 10.7 12.6
Current receivables
Interest-bearing short-term receivables
Loan receivables from associates 2.6 –
Loan receivables from others 9.5 3.2
Other receivables from others 11.3 14.0
Total interest-bearing short-term receivables 23.4 17.2
Interest-free short-term receivables
Accounts receivable from associates 4.1 3.6
Accounts receivable from others 471.6 393.3
Advances paid from others 2.7 1.8
Prepaid expenses and accrued income from others 22.5 26.0
Other receivables from associates 0.9 0.2
Other receivables from others 37.2 29.5
Total interest-free short-term receivables 539.0 454.4
Total current receivables 562.4 471.6
Total receivables 573.1 484.2
Loans to the management of the Group companies – 0.1
16. SHAREHOLDERS’ EQUITY
Share
capital
Share
premium
account
Revaluationreserve
and
other funds
Translation
reserve
Retained
earnings
Shareholder’s equity at 1 Jan.1998 216.6 252.9 17.9 –18.3 454.2 923.3
Change in accounting principles 1) – – – – –9.2 –9.2
Net profit for the financial year – – – – 78.6 78.6
Dividends paid – – – – –36.8 –36.8
Exchange differences – – – –18.6 – –18.6
Other changes – – –1.0 – –0.4 –1.4
Transfers – – –4.6 – 4.6 –
Shareholder’s equity at 31 Dec. 1998 216.6 252.9 12.3 –36.9 491.0 935.9
Shareholder’s equity at 1 Jan. 1999 216.6 252.9 12.3 –36.9 491.0 935.9
Change in accounting principles 1) – – – – 18.6 18.6
Net profit for the financial year – – – – 29.9 29.9
Dividends paid – – –36.8 –36.8
Exchange differences – – – 26.6 – 26.6
Own shares – – – – –5.8 –5.8
Other changes – – 0.2 – –0.9 –0.7
Transfers 0.4 –0.4 – – – –
Shareholder’s equity at 31 Dec. 1999 217.0 252.5 12.5 –10.3 496.0 967.7
1)
The change in accounting principles includes a charge of EUR 9.2 million for the deferred tax liability on
revaluations (IAS 12) in 1998, and an increase in equity of EUR 18.6 million after taxes for the change in
accounting policy for major maintenance works (IAS 37). The change in accounting policy for maintenance
works, after tax, was a charge of EUR 0.1 million in the income statement in 1999.
Total
27