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

More documents

Recommendations

Info

BOARD OF DIRECTORS’ PROPOSAL Proposal of the board on the distribution of profit The Group’s distributable funds amount to EUR 18,162,493. The distributable retained earnings of the parent company are EUR 17,289,743.28, of which the net profit for the year accounts for EUR 5,510,268.22. The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.50 per share, of EUR 3,201,130.50 in total, be distributed. Helsinki, 27 February 2003 Raimo Taivalkoski Thomas Tallberg Chairman Vice Chairman Eigil Flaathen Erkki Norvio Tuire Mannila Member of Board CEO, Member of Board Member of Board Auditors’ note The financial statements have been prepared in accordance with the Finnish Standards on Accounting. We have today issued a report on the audit performed by us. Helsinki, 7 April 2003 KPMG WIDERI OY AB Solveig Törnroos-Huhtamäki Authorized Public Accountant 40
AUDITORS’ REPORT TRANSLATION to the shareholders of <strong>Ramirent</strong> Oyj We have audited the accounting records and the financial statements, as well as the administration by the Board of Directors and the Managing Director of <strong>Ramirent</strong> Oyj for the year ended 31 December 2002. The financial statements prepared by the Board of Directors and the Managing Director include the report of the Board of Directors, consolidated and parent company income statements, balance sheets and notes to the financial statements. Based on our audit we express an opinion on these financial statements and the company’s administration. We have conducted our audit in accordance with Finnish Generally Accepted Auditing Standards. Those standards require that we plan and perform the audit in order to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. The purpose of our audit of the administration has been to examine that the Board of Directors and the Managing Director have complied with the rules of the Finnish Companies Act. In our opinion, the financial statements, showing a profit of EUR 9,516,844 in the consolidated income statement and a profit of EUR 5,510,268.22 in the parent company income statement, have been prepared in accordance with the Finnish Accounting Act and other rules and regulations governing the preparation of financial statements in Finland. The financial statements give a true and fair view, as defined in the Finnish Accounting Act, of both the consolidated and parent company result of operations, as well as the financial position. The financial statements can be adopted and the members of the Board of Directors and the Managing Director of the parent company can be discharged from liability for the financial year audited by us. The proposal made by the Board of Directors on how to deal with the result is in compliance with the Finnish Companies Act. Helsinki, 7 April 2003 KPMG WIDERI OY AB Solveig Törnroos-Huhtamäki Authorized Public Accountant 41
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 and 36: 13) Other shares and holdings Group
Page 37 and 38: 20) Accumulated appropriations, Gro
Page 39 and 40: 29) Ten principal shareholders acco
Page 41 and 42: 33) Board’s valid authorization t
Page 43: KEY FIGURES PER SHARE 2002 2001 200
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

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

Create successful ePaper yourself

Delete template?

Save as template?