|
|
 |
|
|
|
| Intangible assets |
|
12.7 |
|
14.7 |
|
17.5 |
|
| Buildings and structures |
|
85.4 |
|
100.4 |
|
96.0 |
|
| Machinery and equipment |
|
687.1 |
|
793.8 |
|
955.0 |
|
| Other tangible assets |
|
44.3 |
|
52.1 |
|
44.8 |
|
| Goodwill |
|
61.9 |
|
88.3 |
|
150.4 |
|
| Total |
|
891.4 |
|
1 049.3 |
|
1 263.7 |
|
| |
|
|
|
|
|
|
|
| Impairment |
|
|
|
|
|
|
|
| Machinery and equipment |
|
18.6 |
|
80.1 |
|
2.8 |
|
| Other tangible assets |
|
1.1 |
|
- |
|
- |
|
| Goodwill |
|
- |
|
- |
|
1.1 |
|
| Total |
|
19.7 |
|
80.1 |
|
3.9 |
|
| |
|
|
|
|
|
|
|
| Depreciation, Amortisation and Impairment Charges |
|
911.1 |
|
1 129.4 |
|
1 267.6 |
|
Impairment of machinery, equipment and goodwill for the year ended 31 December 2001 :
There were no material impairments for the year.
Impairment of machinery and equipment for the year ended 31 December 2000 :
Gruvön / Billerud (Packaging Boards)
Stora Enso Oyj and AssiDomän AB signed an agreement on 10 November 2000 concerning the formation of a new 50/50-owned company, Billerud AB, consisting of the Stora Enso Gruvön mill, together with the AssiDomän mills in Karlsborg and Skärblacka. Based on the fair value of the Gruvön mill as shown in the agreement, an impairment of fixed assets was evident and accordingly a charge of EUR 71.1 million was entered for 2000.
Newton Kyme (Packaging Boards)
The Newton Kyme mill in the UK ceased production on 21 December 2000 with final customer despatches on 31 March 2001. The mill had an annual capacity of 40 000 tonnes of packaging boards impermeable to fat and moisture, but the manufacture of these products was no longer commercially viable. A fixed asset impairment charge of EUR 2.9 million and a closure provision of EUR 12.0 million were entered in 2000; no further costs are anticipated and the site is on the market.
Langerbrugge (Magazine Paper)
On 9 January 2001 Stora Enso announced its intention to build a new paper machine in Langerbrugge, Belgium, and to permanently shut down two paper machines in Langerbrugge and Summa, Finland. After a write-down of EUR 5.8 million for Langerbrugge in 2000, the residual book values of both machines are being depreciated over their remaining useful lives. Any closure costs related to Summa will be entered in Spring 2002, but no further costs are anticipated for Langerbrugge.
Nymölla (Fine Paper)
At the end of February 2002 Stora Enso will shut down a 140 000 tonne per year off-line coater in Nymölla, Sweden; most of the write-down was booked in 1998 with an additional charge of
EUR 5 million in 2000, no further provisions being required.
|
|
|
