Basic HTML Version
44
financial statements 2011
The amounts for the financial year and the previous
two financial years are as follows
2011
2010
2009
Present value of obligation
2 668
2 364
1 860
Surplus (+) / Deficit (-)
-2 668
-2 364
-1 860
It is expected that approximately eur 80,000 will be invested in the plan in 2012.
Actuarial assumptions used
2011
2010
Discount rate
4.0%
4.1%
Inflation assumption
2.0%
2.0%
Expected remaining working years of personnel, years
15.5
15.5
25. Provisions
Pension
expense
Other
eur 1000
Restructuring
provisions provisions
Total
Provisions at Dec. 31, 2010
1 772
138
0
1 910
Increases
200
0
100
300
Amounts used
-1 001
-54
0
-1 055
Reversal of unused amounts
-353
-63
0
-417
Provisions at Dec. 31, 2011
618
20
100
738
Restructuring provision
Restructuring provisions are related to restructuring of the Print & Distribution business area, aiming to adjust
business operations to the changing market situation.
Pension expense provisions
Pension expense provisions comprise unemployment pension provisions at AP-Paino Oy (its customer magazine
business operations were sold in 2007).
Other provisions
The Other provisions item contains the obligations, other than the events mentioned above, that have previously
taken place (legal or actual), which can be reliably measured and which are likely to require the transfer of
financial resources out of the Group in order for the obligations to be fulfilled.
26. Interest-bearing liabilities
eur 1000
Non-current financial liabilities amortized at cost
2011
2010
Bank loans
13 570
17 053
Finance lease liabilities
2 779
3 429
Total
16 349
20 482
Current financial liabilities amortized at cost
2011
2010
Loan repayments due in the following year
3 483
3 880
Finance lease payments due in the following year
951
1 007
Total
4 434
4 887