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Notes to the balance sheet
Note 12. Intangible assets
€ million 2016 2015
Intangible rights
Acquisition cost as at 1 January 9.5 9.0
Increases 5.7 0.6
Decreases -0.0 -0.1
Transfers between items 0.1 0.1
Acquisition cost as at 31 December 15.3 9.5
Accumulated depreciation as at 1 January -3.2 -1.4
Accumulated depreciation on decreases and transfers -2.0 0.0
Depreciation and amortisations for the financial year -2.4 -1.9
Accumulated depreciation as at 31 December -7.6 -3.2
Book value as at 31 December 7.7 6.3
Other intangible assets
Acquisition cost as at 1 January 20.2 15.6
Increases 68.1 2.1
Decreases -5.4 -
Transfers between items 0.6 2.5
Acquisition cost as at 31 December 83.5 20.2
Accumulated depreciation as at 1 January -13.4 -6.4
Accumulated depreciation on decreases and transfers -51.7 -
Depreciation and amortisations for the financial year -2.7 -7.1
Accumulated depreciation as at 31 December -67.8 -13.4
Book value as at 31 December 15.7 6.8
Prepayments
Acquisition cost as at 1 January 1.3 3.6
Increases 7.8 0.7
Decreases -0.1 -0.4
Transfers between items -0.7 -2.6
Acquisition cost as at 31 December 8.3 1.3
Book value as at 31 December 8.3 1.3
Note 13. Tangible assets
€ million 2016 2015
Land and waters
Acquisition cost as at 1 January 77.9 93.4
Increases 14.0 1.5
Decreases -5.9 -17.0
Acquisition cost as at 31 December 86.0 77.9
Book value as at 31 December 86.0 77.9
Buildings
Acquisition cost as at 1 January 262.1 365.8
Increases 61.6 0.9
Decreases -8.6 -104.7
Transfers between items 1.3 0.1
Acquisition cost as at 31 December 316.4 262.1
Accumulated depreciation as at 1 January -141.1 -178.2
Accumulated depreciation on decreases and transfers -3.0 48.4
Depreciation for the financial year -10.6 -11.2
Accumulated depreciation as at 31 December -154.7 -141.1
Book value as at 31 December 161.7 121.0
Machinery and equipment
Acquisition cost as at 1 January 11.8 15.6
Increases 47.4 0.2
Decreases -10.4 -4.1
Transfers between items 2.2 -
Acquisition cost as at 31 December 51.0 11.8
Accumulated depreciation as at 1 January -10.3 -13.0
Accumulated depreciation on decreases and transfers -26.9 3.2
Depreciation for the financial year -1.8 -0.5
Accumulated depreciation as at 31 December -39.0 -10.3
Book value as at 31 December 12.0 1.5
Other tangible assets
Acquisition cost as at 1 January 3.0 8.1
Increases 6.7 0.0
Decreases -0.2 -5.2
Transfers between items - 0.0
Acquisition cost as at 31 December 9.5 3.0
Accumulated depreciation as at 1 January -2.3 -4.4
Accumulated depreciation on decreases and transfers -1.6 2.7
Depreciation for the financial year -0.4 -0.5
Accumulated depreciation as at 31 December -4.3 -2.3
Book value as at 31 December 5.2 0.7
Prepayments and construction in progress
Acquisition cost as at 1 January 3.9 0.5
Increases 9.2 3.5
Decreases -0.3 0.0
Transfers between items -3.5 -0.1
Acquisition cost as at 31 December 9.3 3.9
Book value as at 31 December 9.3 3.9
Note 14. Investments
€ million 2016 2015
Investments in subsidiaries
Acquisition cost as at 1 January 244.7 309.9
Increases 724.8 7.6
Decreases -134.4 -72.9
Acquisition cost as at 31 December 835.1 244.7
Impairment as at 1 January -54.3 -55.9
Accumulated impairments on decreases 27.8 28.1
Impairment for the period -2.8 -26.5
Impairment as at 31 December -29.3 -54.3
Book value as at 31 December 805.8 190.4
Investments in associates
Acquisition cost as at 1 January 78.3 76.7
Increases - 11.0
Returned equity - -9.4
Book value as at 31 December 78.3 78.3
Other investments
Acquisition cost as at 1 January 10.4 9.5
Increases 1.2 2.7
Decreases -1.3 -1.8
Acquisition cost as at 31 December 10.2 10.4
Impairment for the period -2.6 -
Impairment as at 31 December -2.6 -
Book value as at 31 December 7.6 10.4
An analysis of Kesko Corporation's ownership interests in other companies as at 31 December 2016 is presented in the notes to the consolidated financial statements.