ANNUAL REPORT 2006/07
  Tamro in Brief
  CEO's Review
  Corporate Governance
 
  Group Management
  Financial Risk Management
  Corporate Responsibility
  Human Resources
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 2002-2006/07
  Calculation of Financial Ratios
  Quarterly Development
  Site Map/
Download Centre
   
 
  suomeksi Suomeksi
  Index Home
  Back Back
  Info Instructions
  Print Print
Notes to the Financial Statement
 
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1-10
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 11-20
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS 21-30
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS 31-44
 
Displaying Notes 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 out of total 44 notes
OTHER NOTES TO THE FINANCIAL STATEMENTS    
(Figures are in EUR thousands unless otherwise stated) 31 Jan 2007 31 Jan 2006
 
21. CONTINGENT LIABILITIES
     
Mortgages    
  For own debts (1) 841 1,433
 
Guarantees
  For debts of others 791 542
  791 542
     
Other commitments    
  Leasing commitments    
    Next year 1,729 2,385
    Over one year 1,314 2,312
  Rent commitments 40,857 39,229
  Other commitments 16 159
  43,916 44,085
     
Group liabilities, secured by mortgages, pledges and other commitments:    
  Mortgages (1) 0 401
   
22. DERIVATIVE FINANCIAL INSTRUMENTS
     
Derivatives - notional amounts    
Currency instruments    
  Currency forward contracts 426,230 288,745
 
Derivatives - market value
Currency instruments
  Currency forward contracts 517 -135
     
The notional amounts of derivatives summarised here do not represent amounts exchanged by the parties and are thus not a measure of Tamro's derivatives-related exposure. According to the Finance Policy derivatives are used only to hedge the underlying business.
 
   

  31 Jan 2007 31 Jan 2006
 
TAMRO CORPORATION
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS
 
NOTES TO THE PARENT COMPANY INCOME STATEMENT
 
23. NET SALES BY MARKET AREA
     
By market area:    
  Finland 1,040,843 1,040,717
  Baltic countries 560 305
  1,041,403 1,041,022
 
24. OTHER INCOME
     
  Gain on sale of fixed assets 31 27
 
25. RAW MATERIALS AND SERVICES
     
Raw materials and consumables    
  Purchases during the financial period 1,003,176 996,523
  Inventories, incr. (-), decr. (+) -2,818 575
External services 4,623 4,333
  1,004,981 1,001,431
 
26. PERSONNEL EXPENSES
     
  Wages and salaries during the financial year 13,581 14,789
  Payroll related social costs
    Pension costs 2,664 3,391
    Other payroll related social costs 1,303 1,602
  17,548 19,782
     
Wages and salaries paid to:    
  Board of Directors and CEO 1,400 1,036
 
The pensionable age of the CEO has been stipulated at 60 years.
 
Average personnel 354 351

27. DEPRECIATION AND VALUE ADJUSTMENTS
  31 Jan 2007 31 Jan 2006
Depreciation according to plan
   
Intangible rights 290 345
Goodwill 557 557
Other capitalised expenditure 51 4
Buildings 1,656 1,912
Machinery and equipment 1,059 1,010
  3,613 3,828
 
28. FINANCIAL INCOME AND EXPENSES
     
Income from non-current financial assets    
  Dividend income 607 -31
Other interest and financial income
  Interest income 3,107 4,018
  Other financial income 24 32
Other interest and financial expenses
  Interest expenses -3,866 -3,356
  Other financial expenses -37 -61
  Exchange rate differences, net -1,570 92
  -1,735 694
From Group companies:    
Other interest and financial income
  Interest income 2,550 3,514
  Other financial income -115 265
Other interest and financial expenses
   Interest expenses -3,444 -2,015
  -1,009 1,764
 
29. EXTRAORDINARY INCOME AND EXPENSES
     
Gain on sale of MedLab business 51,230 -
Group contribution - 33
 
30. APPROPRIATIONS
     
Accelerated depreciation in the income statement    
  Intangible rights 11 77
  Goodwill 557 557
  Other capitalised expenditure 2 0
  Buildings 787 1,081
  Machinery and equipment -50 -115
  1,307 1,600
 
Displaying Notes 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 out of total 44 notes
  Tamro Web Annual Report 2006/07. Published 9 May 2007. Copyright © Tamro Corporation 2007. All rights reserved.