Nordic power market - Fortum
Nordic power market - Fortum
Nordic power market - Fortum
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Total equity<br />
MEUR Mar 31 Dec 31 Change<br />
2006 2005<br />
Share capital 2 997 2 976 21<br />
Share premium 72 70 2<br />
Other restricted funds 2 2 0<br />
Fair value and other reserves 1) -378 -117 -261<br />
Retained earnings 2) 3 574 4 220 -646<br />
Minority 231 260 -29<br />
Total equity 6 498 7 411 -913<br />
1) Major part is attributable to fair values of electricity derivatives hedging future cash flows.<br />
Effect is calculated net of deferred taxes. Amounts in equity will be recognised in income<br />
statement when the hedged item e.g., forecasted sale will affect profit and loss.<br />
2) Dividends paid amounted to MEUR 987. Net profit for the period MEUR 346.<br />
46
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