Notes to the Financial Statements
 
The Year in Brief
  Letter to the Shareholders
  Shares and Shareholders
  Board of Directors' Report
  Consolidated Income Statement
  Pro forma Income Statement
  Consolidated Balance Sheet
  Consolidated Cash Flow Statement
  Income Statement of Parent Company
  Balance Sheet of Parent Company
  Cash Flow Statement of Parent Company
  Accounting Principles
Notes to the Financial Statements
  Proposal for Profit Distribution
  Auditors' Report
  Financial Indicators 1997-2001
  Calculation of Financial Ratios
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1-20
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS 21-41
 
Displaying Notes 1, 2, 3, 4, 5, 6, 7, 8 out of total 41 notes
(Figures are in EUR thousands unless otherwise stated) 2001 2000
NOTES TO THE CONSOLIDATED INCOME STATEMENT    
     
1. NET SALES BY MARKET AREA AND UNIT, EUR MILLION
     
By market area:    
 Sweden 1,496.1 1,578.5
 Denmark 899.1 836.1
 Finland 736.3 748.2
 Norway 465.1 199.4
 Baltic States 132.1 109.2
 Russia 47.5 34.2
 Others 19.4 12.8
  3,795.6 3,518.4
By unit:    
 Tamro Sweden 1,487.0 1,573.8
 Tamro Denmark 919.8 852.5
 Tamro Finland 672.2 681.8
 Tamro Norway 453.3 185.0
 Tamro Baltics 135.7 105.7
 Tamro Russia 47.7 34.2
 Tamro MedLab 92.6 89.0
 Others -12.7 -3.6
  3,795.6 3,518.4
     
2. OTHER INCOME
     
Gain on sale of fixed assets 58,286 3,282
     
3. RAW MATERIALS AND SERVICES
     
Raw materials and consumables    
  Purchases during the financial period 3,516,827 3,290,693
  Inventories, incr. (-), decr. (+) 20,788 -1,156
External services 26,623 27,948
Raw materials and services total 3,564,238 3,317,485
     
4. PERSONNEL EXPENSES
     
Average personnel by unit:    
  Tamro Sweden 519 578
  Tamro Denmark 632 667
  Tamro Finland 366 440
  Tamro Norway 491 110
  Tamro Baltics 360 325
  Tamro Russia 185 180
  Tamro MedLab 257 271
  Others 44 112
  2,854 2,683
Personnel expenses:    
Wages and salaries during the financial year 88,482 78,932
Payroll related social costs    
  Pension costs 8,058 8,042
  Other payroll related social costs 11,731 9,458
  108,271 96,432
Wages and salaries paid to:    
  Boards of Directors, CEO and Managing Directors 2,027 1,954
     
Pension commitments for Board Members, CEO and Managing Directors: The parent company has no pension liabilities for Board Members. The pensionable age of the CEO and some Managing Directors has been stipulated at 60 years.    
     
Other pension commitments:
The Group has made pension commitments for the management of a certain subsidiary. This liability is not significant enough to be incorporated into the Group's financial statements.		    
     
5. DEPRECIATION AND VALUE ADJUSTMENTS
     
Depreciation/amortisation according to plan    
  Intangible rights 1,204 1,438
  Goodwill 2,280 561
  Consolidated goodwill 22,132 3,692
  Other capitalised expenditure 1,126 420
  Buildings 6,185 4,579
  Machinery and equipment 11,737 8,105
  Other tangible assets 113 30
  44,777 18,825
Depreciations for year 2001 include additional write-off of consolidated goodwill amounting to EUR 18.9 million, of which EUR 10.1 million is assigned to Apokjeden and EUR 8.8 million to Lääketukku.    
     
6. FINANCIAL INCOME AND EXPENSES
     
Income from non-current financial assets 1,271 2,512
Other interest and financial income    
  Interest income 2,805 2,639
  Other financial income 84 85
Other interest and financial expenses    
  Interest expenses -16,506 -13,939
  Other financial expenses -1,733 -542
  Exchange rate differences, net 1,131 -5,271
  -12,948 -14,516
     
7. EXTRAORDINARY INCOME AND EXPENSES
     
Income    
  Change in deferred tax liabilities - 3,107
  Sundry income - 104
  - 3,211
Expenses    
  Correction to Norway's result relating to prior years - -13,475
  Sundry expenses - -40
  - -13,515
     
Extraordinary income and expenses, total - -10,304
     
8. INCOME TAXES ON ORDINARY ACTIVITIES
     
Current income taxes    
  Finnish Group companies -7,253 -169
  Foreign Group companies -9,094 -6,104
  -16,347 -6,273
     
Income taxes from previous years: -290 -2,039
Change in deferred tax liability specified in note 17 -5,220 3,875
Income tax on ordinary activities -21,857 -4,437
     
 
Displaying Notes 1, 2, 3, 4, 5, 6, 7, 8 out of total 41 notes
 
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