Annual Report 2002 - Fiskars Corporation

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24Consolidated Statement of Cash Flows<strong>2002</strong> 2001M€ M€Cash flows from operating activitiesNet profit before taxation72.135.7DepreciationReversal of itemsrecorded on an accrual basis (32)42.8–30.242.1–22.3Cash generated before working capital changes84.755.5Change in current receivablesChange in stocksChange in current non-interest bearing debt5.321.48.012.556.3–16.6Cash generated from operations119.5107.7Financial income items receivedDividends receivedFinancial expense items paidTaxes paid0.641.6–19.6–12.02.126.5–34.8–1.6Net cash flow from operating activities130.099.9Cash flows from investing activitiesInvestmentsPurchase of tangible and intangible assetsProceeds from disposal of investmentsProceeds from sale of equipment–4.2–31.00.94.7–8.3–31.467.22.5Net cash flow from investments–29.630.1Cash flow after investments100.4130.0Cash flows from financing activitiesChange in non-current debtChange in current interest bearing debtChange in non-current receivablesDividends paid–9.4–63.60.2–16.8–134.019.51.5–16.8Net cash flows from financing activitiesChange in cash–89.610.9–129.90.1Cash at beginning of yearEffect of exchange rate changes9.5–0.89.30.1Cash at end of year19.59.5
Statement of Changes in Consolidated Equity25Share Share premium Revaluation Other Retained TotalM€ capital account reserve reserves earningsDec. 31, 2000 55.4 21.3 3.9 7.4 308.9 396.8Translation adjustment –2.6 6.8 4.2Transfer from revaluation reservefollowing sale of landholdings 0.0 0.0 0.0Dividends –16.8 –16.8Net profit 22.6 22.6Dec. 31, 2001 55.4 21.3 3.9 4.8 321.5 406.8Translation adjustment –4.1 –6.5 –10.6Transfer from revaluation reservefollowing sale of landholdings 0.0 0.0 0.0Dividends –16.8 –16.8Net profit 49.6 49.6Dec. 31, <strong>2002</strong> 55.4 21.3 3.9 0.7 347.8 429.0
Page 1: Annual Report 2002
Page 4: 2Awarded productsHEDGE SHEARiF Desi
Page 7: PRESIDENT’ S REVIEW5trial product
Page 11 and 12: FISKARS BRANDS9Honest design“Appe
Page 13 and 14: FISKARS BRANDS11website (teachers.f
Page 15 and 16: INHA WORKS13Designing for successTh
Page 17 and 18: REAL ESTATE GROUP15Creativity is de
Page 19 and 20: 172002FINANCIALSTATEMENTS18 Report
Page 21 and 22: REPORT BY THE BOARD OF DIRECTORS19I
Page 23 and 24: 21Net sales by business area1.1.-31
Page 25: Consolidated Balance Sheet23Dec. 31
Page 29 and 30: Notes to the Financial Statements27
Page 31 and 32: 29Balance sheet, assets (currency d
Page 33 and 34: 31CONSOLIDATED PARENT COMPANY2002 2
Page 40 and 41: 38NOTES TO THE FINANCIAL STATEMENTS
Page 42 and 43: 40Five Years in Figures2002 2001 20
Page 44 and 45: 42Other Information on Shares and S
Page 46 and 47: 44Parent Company Income Statement20
Page 48 and 49: 46Proposal by the Board of Director
Page 50 and 51: 48AddressesManufacturing and SalesC

Annual Report 2002 - Fiskars Corporation

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