EUR million | Note | 2023 | 2022 |
Net sales | |||
Cost of sales | 7 | - | - |
Gross profit | |||
Other income | 7,8 | ||
Selling and administrative expenses | 7 | - | - |
Other expenses | 7,9 | - | - |
Operating result (EBIT) | - | - | |
Financial income | |||
Financial expenses | - | - | |
Net financial expenses | 11 | - | - |
Result before taxes | - | - | |
Taxes | 12 | - | |
Net result | - | - | |
Attributable to: | |||
Equity holders of the parent | - | - | |
Non-controlling interest | 25 | ||
Earnings per share (EPS) | 13 | ||
Basic, EUR | - | - | |
Diluted, EUR | - | - |
EUR million | Note | 2023 | 2022 |
Net result for the year | - | - | |
Other comprehensive income: | |||
Items that will not be reclassified to profit and loss | |||
Revaluation of defined benefit plans, net of tax | - | ||
Items that may be subsequently reclassified to profit and loss | |||
Net investment hedges, net of tax | - | ||
Currency translation differences | - | - | |
Total | - | - | |
Other comprehensive income/loss for the year, net of tax | - | - | |
Total comprehensive income/loss for the year | - | - | |
Total comprehensive loss attributable to: | |||
Equity holders of the parent | - | - | |
Non-controlling interest | 25 |
EUR million | Note | 31 Dec 2023 | 31 Dec 2022 |
ASSETS | |||
Non-current assets | |||
Goodwill | 26 | ||
Intangible assets | 26 | ||
Property, plant and equipment | 27 | ||
Right-of-use assets | 28 | ||
Deferred tax assets | 24 | ||
Financial assets | 30,31 | ||
Total non-current assets | |||
Current assets | |||
Inventories | 21 | ||
Trade and other receivables | 4,17,20 | ||
Cash and cash equivalents | |||
Total current assets | |||
TOTAL ASSETS |
EUR million | Note | 31 Dec 2023 | 31 Dec 2022 |
EQUITY AND LIABILITIES | |||
Equity | 15 | ||
Share capital | |||
Other equity | |||
Equity attributable to shareholders of the parent | |||
Hybrid bond | |||
Non-controlling interest | 25 | ||
Total equity | |||
Non-current liabilities | |||
Interest-bearing debt | 16,17 | ||
Leasing liabilities | 16,17,28 | ||
Retirement benefit obligations | 31 | ||
Deferred tax liabilities | 24 | ||
Provisions | 22 | ||
Other non-current liabilities | |||
Total non-current liabilities | |||
Current liabilities | |||
Interest-bearing debt | 16,17 | ||
Leasing liabilities | 16,17,28 | ||
Provisions | 22 | ||
Advances received | 4 | ||
Trade and other payables | 17,23 | ||
Total current liabilities | |||
Total liabilities | |||
TOTAL EQUITY AND LIABILITIES |
EUR million | Note | 2023 | 2022 |
Cash flow from operating activities | |||
Operating result (EBIT) | - | - | |
Adjustments: | |||
Depreciation and amortization | |||
Gain/loss on sales of assets and business | - | - | |
Defined benefit pension plans | - | - | |
Other non-cash adjustments | - | - | |
Cash flow from operations before interests, taxes and changes in working capital | |||
Interests received | |||
Interest and other financial expenses paid | - | - | |
Income taxes received/paid | - | - | |
Cash flow from operations before changes in working capital | |||
Changes in working capital: | |||
Trade and other receivables | - | ||
Trade and other payables | |||
Inventories | - | ||
Changes in working capital | |||
Net cash from operating activities |
EUR million | Note | 2023 | 2022 |
Cash flow from investing activities | |||
Purchases of property, plant and equipment (PPE) | - | - | |
Proceeds from sale of property, plant and equipment ( PPE) | |||
Net cash from investing activities | - | - | |
Cash flow from financing activities | |||
Proceeds from issuance of hybrid bond | |||
Payments of transaction costs and interests for hybrid bond | - | ||
Proceeds from issuance of share capital | |||
Acquisition of own shares | - | - | |
Proceeds from long-term financial liabilities | 16 | ||
Proceeds from short-term financial liabilities | 16 | ||
Payments of short-term financial liabilities | 16 | - | - |
Payments of financial liabilities, term loans | 16 | - | - |
Payments of lease liabilities | 16 | - | - |
Dividends to non-controlling interest | - | - | |
Change in non-liquid financial assets | |||
Net cash from financing activities | - | ||
Net change in cash and cash equivalents | - | ||
Cash and cash equivalents at beginning of the year | |||
Foreign exchange rate effect | - | ||
Cash and cash equivalents at end of the year |
Equity attributable to shareholders of the parent | ||||||||||
Revaluation of | Hedging | Non- | ||||||||
Other paid-in | Accu mulated | defined benefit | reserve, | Currency | controlling | Total | ||||
EUR million | Share capital | capital | losses | plans, net of tax | net of tax | translation | Total | Hybrid bond | interest | equity |
1 Jan 2023 | - | - | - | |||||||
Total comprehensive income for the year | - | - | - | - | - | |||||
Proceeds from hybrid bond | ||||||||||
Transaction costs and interests on hybrid bond | - | - | - | |||||||
Transactions with owners 1) : | ||||||||||
Proceeds from shares issued | ||||||||||
Purchase of own shares | - | - | - | |||||||
Equity-settled share-based payment | ||||||||||
Dividends paid to non-controlling interests | - | - | ||||||||
Total transaction with owners | - | - | - | |||||||
31 Dec 2023 | - | - | - | |||||||
1) | For more information about equity-settled share-based payments see note 29 Remuneration to senior executives and for share transactions see note 15 Shares and share capital. | |||||||||
Equity attributable to shareholders of the parent | ||||||||||
Revaluation of | Hedging | Non- | ||||||||
Other paid-in | Accu mulated | defined benefit | reserve, | Currency | controlling | Total | ||||
EUR million | Share capital | capital | losses | plans, net of tax | net of tax | translation | Total | Hybrid bond | interest | equity |
1 Jan 2022 | - | - | - | |||||||
Total comprehensive income for the year | - | - | - | - | ||||||
Transactions with owners 1) : | ||||||||||
Share capital reduction | - | |||||||||
Proceeds from shares issued | ||||||||||
Purchase of own shares | - | - | - | |||||||
Equity-settled share-based payment | ||||||||||
Dividends paid to non-controlling interests | - | - | ||||||||
Total transaction with owners | - | - | - | |||||||
31 Dec 2022 | - | - | - |