Consolidated Finacial Statements >
Statement of Changes in Shareholders' Equity

Statement of Changes in Shareholders' Equity
Distributable Funds
 
Statement of Changes in Shareholders' Equity
EUR million Share
Capital
Share
Premium
Treasury
Shares
OCI CTA Retained
Earnings
Total
Balance at 1 January 1999, restated 1 277.5 377.7 - - -188.0 3 805.5 5 272.7
Warrants exercised 0.1 1.9 - - - - 2.0
Dividends paid (EUR 0.35 per share) - - - - - -268.3 -268.3
Net profit for the period - - - - - 746.4 746.4
Translation adjustment - - - - 203.7 - 203.7
Balance at 31 December 1999, restated 1 277.6 379.6 - - 15.7 4 283.6 5 956.5
               
Balance at 31 Dec 1999, as previously reported 1 277.6 379.6 - - 12.7 4 283.3 5 953.2
Change in accounting policy with respect to forest accounting (net of deferred tax) - - - - 3.0 0.3 3.3
Balance at 1 January 2000, restated 1 277.6 379.6 0.0 - 15.7 4 283.6 5 956.5
               
Dividends paid (EUR 0.40 per share) - - - - - -303.9 -303.9
To be placed at the disposal of the Board of Directors - - - - - -1.0 -1.0
Share issue 0.4 -0.4 - - - - -
Share issue (Consolidated Papers) 284.5 1 432.7 - - - - 1 717.2
Conversion of share capital from FIM to EUR 13.8 -13.8 - - - - -
Repurchase of Stora Enso Oyj shares - - -173.7 - - - -173.7
Options issued (Consolidated Papers) - 25.1 -   - 0.9 26.0
Net profit for the period - - - - - 1 435.0 1 435.0
Translation adjustment - - -   -85.3 - -85.3
Balance at 31 December 2000 1 576.3 1 823.2 -173.7 - -69.6 5 414.6 8 570.8
Effect of adopting IAS 39 - - - 75.7 - -8.5 67.2
Repurchase of Stora Enso Oyj shares - - -199.8 - - - -199.8
Cancellation of Stora Enso Oyj shares -39.4 -208.6 248.0 - - - -
Options exercised (Consolidated Papers, Inc) - -6.2 - - - - -6.2
Dividends paid (EUR 0.45 per share) - - - - - -407.4 -407.4
Share issue 4.6 31.1 - - - - 35.7
Net profit for the period - - - - - 926.3 926.3
OCI entries - - - -17.1 - - -17.1
Translation adjustment - - - - 19.5 - 19.5
Balance at 31 December 2001 1 541.5 1 639.5 -125.5 58.6 -50.1 5 925.0 8 989.0

OCI = Other Comprehensive Income - see Note 20
CTA = Cumulative Translation Adjustment
Distributable Funds  
As at 31 December
EUR million 2000 2001
     
Retained earnings 5 414.6 5 925.0
Translation adjustment -69.6 -50.1
  5 345.0 5 874.9
Untaxed reserves in retained earnings -1 979.1 -1 784.6
Distributable Funds 3 365.9 4 090.3

The accompanying Notes are an integral part of these Consolidated Financial Statements