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 |
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Stora Enso owns certain assets that are carried at a value lower than their fair market value, thus representing an unrealised gain of
EUR 1 104.4 million. Whereas the forest value is based on a discounted cash earnings calculation covering some 2.1 million hectares of productive forestland in the Nordic countries, other assets are valued to market.
From 2003 onwards forest assets have to be shown at market value according to IAS 41 (Agriculture), with the unrealised profit on this revaluation being accounted for as other comprehensive income in equity.
|
|
|
|
|
|
| Nordic forest |
|
1 158.1 |
|
2 204.0 |
|
1 045.9 |
|
| Marketable shares |
|
138.9 |
|
197.4 |
|
58.5 |
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| Total |
|
1 297.0 |
|
2 401.1 |
|
1 104.4 |
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