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	Stora Enso 2001 Financials 2001 Environment and Resources 2001
	Stora Enso 2001
	The Group
	Profile
	Year in Brief
	Mission, Vision and Values
	Strategy
	Financial Targets
	Dividend Policy
	Growth and Investment Policies
	Fibre Strategy
	Total Quality Management
	R&D
	Sales Network and Merchants
	North America
	Branding
	Letter to Shareholders
	Board of Directors
	Management Group
	Group Structure
	Corporate Responsibility
	Corporate Governance
	Corporate Social Responsibility
	Principles
	Background
	CSR in Stora Enso
	Human Resources
	Competence
	Key Figures
	Product Areas
	Magazine Paper
	Strategy
	Targets and Goals
	Outlook
	In Focus
	Facts and Figures
	Newsprint
	Strategy
	Targets and Goals
	Outlook
	In Focus
	Facts and Figures
	Fine Paper
	Strategy
	Targets and Goals
	Outlook
	In Focus
	Facts and Figures
	Packaging Boards
	Strategy
	Targets and Goals
	Outlook
	In Focus
	Facts and Figures
	Timber Products
	Strategy
	Targets and Goals
	Outlook
	In Focus
	Facts and Figures
	Facts and Figures
	The Share
	Shares and Shareholders
	Information to Shareholders
	Annual General Meeting
	Board Proposals
	Dividend Payment
	IR Contacts
	Trading Codes and Symbols
	Financials 2001
	Financial Review
	Operating Profit and Value Creation
	Market
	Sales and Deliveries
	Financial Result
	By Product Area
	Profitability
	Financing and Capital Expenditure
	Risk Analysis
	Supply and Demand Risk
	Investment Risk
	External Risk
	Risk Management
	Business and Commodity Risk
	Currency Risk
	Interest Rate Risk
	Credit Risk
	Other Risk
	Funding
	Unrealised Values
	Key Figures 1997-2001
	Board Report on Operations
	Proposal for the Distribution of Dividend
	Consolidated Financial Statements
	Consolidated Income Statement
	Consolidated Balance Sheet
	Changes in Shareholders' Equity
	Consolidated Cash Flow Statement
	Parent Company Financial Statements
	Parent Company Income Statement
	Parent Company Balance Sheet
	Parent Company Cash Flow Statement
	Accounting Principles
	Financial Notes
	Notes to the Consolidated Financial Statements
	Note 1 - Accounting Principles
	Note 2 - Segment Information
	Note 3 - Discontinued Operations
	Note 4 - Major Acquisitions and Disposals
	Note 5 - Other Operating Income
	Note 6 – Staff Costs
	Note 7 - Net Financial Items
	Note 8 - Income Taxes
	Note 9 - Depreciation, Amortisation and Impairment Charges
	Note 10 - Fixed Assets and Long-term Investments
	Note 11 - Associated Companies
	Note 12 - Available-for-Sale Investments
	Note 13 – Other Non-Current Assets
	Note 14 - Inventories
	Note 15 - Receivables
	Note 16 - Shareholders' Equity
	Note 17 - Post-employment Benefits
	Note 18 – Borrowings
	Note 19 - Other Current Liabilities and Other Provisions
	Note 20 - Financial Instruments
	Note 21 - Commitments and Contingencies
	Note 22 - Principal Subsidiaries as at 31 December 2001
	Note 23 - Employee and Equity Compensation Benefits
	Note 24 - Earnings per Share
	Notes to Parent Company Financial Statements
	Note 1 - Accounting Principles
	Note 2 - Other Operating Income
	Note 3 - Materials and Services
	Note 4 - Personnel Expenses
	Note 5 - Other Operating Expenses
	Note 6 - Net Financial Items
	Note 7 – Depreciation According to Plan
	Note 8 – Extraordinary Items
	Note 9 - Fixed Assets
	Note 10 - Depreciation Reserve
	Note 11 - Long-term Investments and Loan Receivables
	Note 12 - Receivables from Management
	Note 13 - Inventories
	Note 14 - Short-term Receivables
	Note 15 - Interest-Bearing Receivables
	Note 16 - Shareholders’ Equity
	Note 17 - Long-term Liabilities
	Note 18 - Short-term Borrowings
	Note 19 - Other Current Liabilities
	Note 20 - Commitments and Contingent Liabilities
	Note 21 - Fair Value of Open Financial Instruments
	Auditors' Report
	The Share
	Share Capital
	Shares and Voting Rights
	Change in Share Capital
	Share Listings and Register
	Share Registers
	Conversion 2001
	Authorisations
	Share Repurchases and Cancellations
	Option Programmes
	Option / Synthetic Option Programmes
	Bonds with Warrants
	Stora Enso North America Option Programme
	Shareholdings
	Management Interests
	Group-Related Bodies
	Shareholders
	Share Price and Turnover
	Helsinki
	Stockholm
	New York
	Market Cap
	Indices
	Key Share Ratios
	Selected Graphs
	Corporate Governance
	Environment and Resources 2001
	Welcome from DCEO
	Environmental Highlights
	Environmental Management
	Policy
	Management Systems
	Implementation
	Map
	Product Information
	Permits
	Investments and Costs
	Resources
	Fibre
	Wood
	Management Systems
	Certification
	Conservation
	Stakeholder Dialogue
	Research and Training
	Organisation
	Key Figures
	Wood Flows
	Pulp
	Recovered Fibre
	Highlights
	Fibre Cycle
	Utilisation
	Energy
	Climate Change
	Climate Change Policy
	Energy Effiiciency
	Heat and Power
	Audits
	Fuel Consumption
	Bio-fuels
	Case Langerbrugge
	Case Varkaus
	Electricity Procurement
	Residuals
	Transport
	Volumes
	Examples
	Performance
	Examination Report
	Material Flow
	Emissions and Discharges
	Emissions to Air
	Discharges to Water
	Landfill
	Trends
	Infractions and Complaints
	Paper Machine