A N N U A L R E P O R T 2 0 0 2 - Ramirent

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15) Other shares and holdings Group Group Parent Parent Company Company 2002 2001 2002 2001 Telephone shares and holdings 52,679 55,075 52,678.76 52,678.76 Shares in housing corps/business premises 285,679 285,679 285,678.78 285,678.78 Other shares and holdings 141,278 336 336.37 336.37 Total 479,636 341,091 338,693.91 338,693.91 16) Inventories Goods7,423,571 3,575,188 1,362,428.53 1,681,425.73 17) Receivables from Group companies Long-term Loans49,821,884.00 3,439,006.61 Short-term Sales receivables 1,400,323.46 979,444.10 Loans908,540.59 - Prepayments and accrued income 596,713.89 290,032.10 Other receivables5,990,035.26 3,559,008.73 Total 58,717,497.20 8,267,491.54 18) Capital and reserves Share capital, Jan 1 3,521,744 3,521,774 3,521,774.45 3,521,774.45 Rights offering 1,862,038 1,862,037.74 - Share capital, Dec 31 5,383,812 3,521,774 5,383,812.19 3,521,774.45 Share premium account, Jan 1 4,369,183 4,369,183 4,369,183.09 4,369,183.09 Rights offering 28,708,530 28,708,530.26 - Share premium account, Dec 31 33,077,713 4,369,183 33,077,713.35 4,369,183.09 Legal reserve, Jan 1 18,433 5,994 Transfer from retained earnings -18,433 12,439 Legal reserve, Dec 31 - 18,433 Retained earnings, Jan 1 20,946,620 16,963,229 15,297,314.42 11,855,329.02 Transfer to legal reserve - -12,439 Change in translation difference -198,668 48,423 Dividend distribution -3,517,839 -3,521,774 -3,517,839.36 -3,521,774.45 Retained earnings, Dec 31 17,230,113 13,477,590 11,779,475.06 8,333,554.56 Net profit for the year 9,516,844 7,469,030 5,510,268.22 6,963,759.86 Total capital and reserves 65,208,481 28,856,010 55,751,268.82 23,188,271.96 19) Distributable funds Retained earnings17,230,113 13,477,590 11,779,475.06 8,333,554.56 Net profit for the year 9,516,844 7,469,030 5,510,268.22 6,963,759.86 Capitalized founding costs -145,062 Part of accumulated depreciation difference transferred to capital and reserves -8,584,464 -6,669,890 Total 18,162,493 14,131,668 17,289,743.28 15,297,314.42 32
20) Accumulated appropriations, Group Group Parent Parent parent company Company Company 2002 2001 2002 2001 Accumulated depreciation difference, Jan 1 7,080,391.71 7,059,929.96 Transfer of business, Teline-Rami Oy - -938,152.25 Increase in depreciation difference 1,802,238.11 958,614.00 Accumulated depreciation difference, Dec 31 8,882,629.82 7,080,391.71 21) Deferred tax assets and liabilities Deferred tax assets from allocation differences- 322,274 from consolidation measures - 133,548 Deferred tax liabilities from appropriations3,803,163 2,724,321 from allocation differences3,075,546 115,082 Total liabilities -6,878,710 -2,383,581 The deferred tax liability arising from the parent company’s accumulated depreciation difference is EUR 2,575,962 (EUR 2,053,314 in 2001). 22) Long-term liabilities, debenture loan Repayment of the debenture loan from 1995 was completed in 2002. 23) Liabilities maturing in more than five years Pension loans - 1,177,318 4,281,204.79 1,177,317.65 Loans from financial institutions - 2,512,728 26,000,000.00 2,512,727.72 Hire purchase loans - - 4,466,033.01 - Total - 3,690,045 34,747,237.80 3,690,045.37 24) Debts to Group companies Accounts payable 106,044.78 235,340.68 Other debts147,838.23 166,135.87 Accruals and deferred income 8,831.03 6,634.47 Total 262,714.04 408,111.02 25) Short-term debts Accruals and deferred income on Dec 31,2002 of EUR 2,768,269.30 in the parent company (EUR 1,963,747.23 in 2001) and EUR 6,170,746 in the Group (EUR 4,061,534 in 2001) comprised mainly tax liabilities, salaries and other accruals. Repayments due in the following year: Debenture loan - 824,121 - 824,120.84 Loans from financial institutions 21,182,876 3,770,738 5,000,000.00 2,122,917.16 Pension loans 1,033,487 1,033,512 1,033,486.90 1,033,511.96 Hire purchase loans 432,628 - 432,628.21 - Total 22,648,991 5,628,371 6,466,115.11 3,980,549.96 Current account overdraft in use 1,489,718 11,516,977.86 2,918,393.92 Total 7,118,089 17,983,092.97 6,898,943.88 33
Page 1 and 2: A N N U A L R E P O R T 2 0 0 2
Page 3 and 4: Ramirent Outlet Network in Europe F
Page 5 and 6: MAP 3 RAMIRENT IN BRIEF 3 CEO’S R
Page 7 and 8: RAMIRENT IN BRIEF Ramirent is the l
Page 9 and 10: Outlook for 2003 The overall market
Page 11 and 12: RAMIRENT IN FINLAND History The his
Page 13 and 14: sales of related equipment and acce
Page 15 and 16: RAMIRENT SCANDINAVIA History Veidek
Page 17 and 18: tions were expanded to Pärnu, Narv
Page 19 and 20: BOARD OF DIRECTORS’ REPORT Genera
Page 21 and 22: INCOME STATEMENT CONSOLIDATED Note
Page 23 and 24: CONSOLIDATED Note 31.12.2002 31.12.
Page 25 and 26: INCOME STATEMENT PARENT COMPANY Not
Page 27 and 28: PARENT COMPANY Note 31.12.2002 31.1
Page 29 and 30: NOTES TO THE FINANCIAL STATEMENTS A
Page 31 and 32: NOTES TO THE INCOME STATEMENT 1) Di
Page 33 and 34: NOTES TO THE BALANCE SHEET NON-CURR
Page 35: 13) Other shares and holdings Group
Page 39 and 40: 29) Ten principal shareholders acco
Page 41 and 42: 33) Board’s valid authorization t
Page 43 and 44: KEY FIGURES PER SHARE 2002 2001 200
Page 45 and 46: AUDITORS’ REPORT TRANSLATION to t
Page 47 and 48: CORPORATE GOVERNANCE Board of Direc
Page 49 and 50: OUTLET NETWORK Ramirent Plc Headqua
Page 51 and 52: Ramirent HELSINKI KONALA Ristipello
Page 53 and 54: Ramirent KUOPIO VOLTTIKATU Volttika
Page 55 and 56: OUTLETS IN EUROPE: ESTONIA Ramirent
Page 57 and 58: BERGEN Avdeling Kokstad Kokstadvege

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