Operations in 2002 Quarterly Data and Key Figures Board Report Consolidated Financial Statements Parent Company Financial Statements Financial Notes Auditors’ Report The Share Corporate Governance

	Consolidated Financial Statements Consolidated Income Statement Consolidated Balance Sheet Shareholders' Equity Consolidated Cash Flow Statement		Reports 2002  >  Financials 2002  >  Consolidated Financial Statements  >  Shareholders' Equity Statement of Changes in Shareholders' Equity
	EUR million Share Capital Share Premium Treasury Shares OCI CTA Retained Earnings Total Balance at 1 January 2000 1 277.6 379.6 - - 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 - - - - - -1.0 -1.0 Share issue 0.4 -0.4 - - - - - Share issue (Consolidated Papers, Inc.) 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, Inc.) - 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 Repurchase of Stora Enso Oyj shares - - -286.8 - - - -286.8 Cancellation of Stora Enso Oyj shares -13.8 -83.6 97.4 - - - - Dividends paid (EUR 0.45 per share) - - - - - -403.6 -403.6 Share issue 1.9 -1.9 - - - - - Net loss for the period - - - - - -222.2 -222.2 OCI entries - - - 174.8 - - 174.8 Translation adjustment - - - - -94.3 - -94.3 Balance at 31 December 2002 1 529.6 1 554.0 -314.9 233.4 -144.4 5 299.2 8 156.9               OCI = Other Comprehensive Income – see Note 21 CTA = Cumulative Translation Adjustment Distributable Funds As at 31 December EUR million 2000 2001 2002   Retained earnings 5 414.6 5 925.0 5 299.2 Translation adjustment -69.6 -50.1 -144.4 5 345.0 5 874.9 5 154.8 Untaxed reserves in retained earnings -1 979.1 -1 784.6 -1 636.6 Distributable Funds 3 365.9 4 090.3 3 518.2 The accompanying Notes are an integral part of these Consolidated Financial Statements