ANNUAL REPORT 2005
  The Year in Brief
  CEO's Review
  Corporate Governance
  Financial Risk Management
  Corporate Responsibility
BUSINESS UNITS
FINANCIAL STATEMENTS
  Board of Directors' Report
 
  Board of Directors
  Consolidated Income Statement
  Consolidated Balance Sheet
  Consolidated Cash Flow Statement
  Income Statement of the Parent Company
  Balance Sheet of the Parent Company
  Cash Flow Statement of the Parent Company
  Accounting Principles
Notes to the Financial Statements
  Proposal for Profit Distribution
  Auditors' Report
  Financial Indicators 2001-2005/2006
  Calculation of Financial Ratios
  Quarterly Development
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Notes to the Financial Statement
 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1-8
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 9-21
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS 22-30
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS 31-43
 
Displaying Notes 1, 2, 3, 4, 5, 6, 7, 8 out of total 43 notes
(Figures are in EUR thousands unless otherwise stated) 31 Jan 2006 31 Jan 2005
     
NOTES TO THE CONSOLIDATED INCOME STATEMENT    
     
1. NET SALES BY MARKET AREA AND UNIT, EUR MILLION
     
By market area:    
 Sweden 1,590.5 1,674.3
 Denmark 1,224.2 1,178.0
 Finland 1,098.1 1,047.0
 Norway 709.4 691.2
 Baltic States 225.6 232.1
 Others 9.0 34.1
  4,856.8 4,856.7
By unit:
 Tamro Sweden 1,536.3 1,616.0
 Tamro Denmark 1,230.9 1,219.7
 Tamro Finland 1,039.1 984.3
 Tamro Norway 699.5 676.8
 Tamro Baltics 225.5 237.5
 Tamro MedLab 132.5 133.8
 Others -7.0 -11.4
  4,856.8
4,856.7
     
2. OTHER INCOME
     
Gain on sale of fixed assets 7,576
435
     
3. RAW MATERIALS AND SERVICES
     
Raw materials and consumables    
  Purchases during the financial period 4,411,749 4,442,110
  Inventories, incr. (-), decr. (+) 1,983 -3,346
External services 28,347 28,674
Raw materials and services total 4,442,079
4,467,438
     
4. PERSONNEL EXPENSES
     
Average personnel by unit:    
  Tamro Sweden 448 468
  Tamro Denmark 614 621
  Tamro Finland 332 320
  Tamro Norway 1,650 1,527
  Tamro Baltics 882 689
  Tamro MedLab 274 263
  Others 23 21
  4,223
3,909
Personnel expenses:    
Wages and salaries during the financial year 153,664 145,693
Payroll related social costs
  Pension costs 7,442 8,714
  Other payroll related social costs 24,588 23,654
  185,694
178,061
Wages and salaries paid to:    
  Boards of Directors, CEO and Managing Directors 4,499
3,617
     
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 has been stipulated at 60 years.  
     
Other pension commitments:
The Group has no significant pension commitments for the management.
 
     
5. DEPRECIATION AND VALUE ADJUSTMENTS
     
Depreciation/amortisation according to plan    
  Intangible rights 906 1,258
  Goodwill 10,334 9,036
  Consolidated goodwill 1,699 1,191
  Other capitalised expenditure 86 432
  Buildings 7,439 7,820
  Machinery and equipment 14,183 14,806
  Other tangible assets 284 274
  34,931
34,817
In financial year 2004/05 the value adjustments on machinery and equipment were EUR 0.1 million.  
     
6. FINANCIAL INCOME AND EXPENSES 31 Jan 2006 31 Jan 2005
     
Income from non-current financial assets
 
  Dividend income -30 252
  Interest income 151 148
Other interest and financial income
  Interest income 1,251 958
  Other financial income 0 32
Other interest and financial expenses
  Interest expenses -5,361 -5,142
  Other financial expenses -2,025 -581
  Exchange rate differences, net 342 255
  -5,672
-4,078
     
7. INCOME TAXES
     
Income taxes on ordinary activities    
  Finnish Group companies -2,387 -5,050
  Foreign Group companies -13,752 -10,048
  -16,139 -15,098
Income taxes from previous years 73 28
Change in deferred tax liability specified in note 19 -11,985 -7,934
Income taxes total -28,051
-23,004
     
NOTES TO THE CONSOLIDATED BALANCE SHEET
 
8. FIXED ASSETS
  Intangible assets Tangible assets
  Intangible
rights
Goodwill Consoli-
dated goodwill
Other capital-
ised expen-
diture
Advance pay-
ments
and cons-
truction
in progress
Land areas Buildings Machinery
and
equipment
Other
tangible
assets
Advance pay-
ments
and cons-
truction
in progress
Acquisition value 1 Feb 2005 13,715 167,147 68,915 5,761 258 9,897 151,962 126,576 1,821 984
Increase 1,780 21,499 2,810 1,151 916 1 3,734 10,745 626 6,050
Decrease -314 -361 -87 -252 -13,391 -5,022 -131 -303
Other changes 692 10,216 1 94 11,778 8,990 46 -80
Acquisition value 31 Jan 2006 15,872 198,501 71,726 6,919 1,174 9,646 154,083 141,289 2,362 6,651
   
Accumu-
lated
depr. 1 Feb 2005
-11,998 -25,902 -55,236 -5,576 -51,291 -92,948 -763 0
Increase -906 -10,334 -1,699 -86 -7,439 -14,183 -284  
Decrease 6 285 3 4,969 4,446 59  
Other changes -68 2,412 -445 -11,912 -9,618 -315  
Accumu-
lated depr. 31 Jan 2006
-12,966 -33,539 -56,935 -6,104 0 0 -65,673 -112,303 -1,303 0
                     
Value adjustments
1 Feb 2005 & 31 Jan 2006
        420
2,355
     
                     

Translation
difference

-12 2,413 -1 -80 -173 347 -5 21
Bookvalue 31 Jan 2006 2,895 167,375 14,791 814 1,174 9,986 90,592 29,333 1,054 6,672
   
Bookvalue 31 Jan 2005 1,717 141,245 13,679 185 258 10,317 103,026 33,628 1,058 984
                     
Value adjustments relate to the parent company only (from 1988). Deferred tax liability (EUR 722,000) has not been accounted for. Value adjutments related to fixed assets are not considered as a normal accounting practice of the Group.
 
(Figures are in EUR thousands unless otherwise stated) 31 Jan 2006 31 Jan 2005
     
Machinery and equipment in production use, book value 99
222
 
Displaying Notes 1, 2, 3, 4, 5, 6, 7, 8 out of total 43 notes
 

 

  Tamro Web Annual Report 2005/2006. Published 11 May 2005. Copyright © Tamro Corporation 2006. All rights reserved.