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2007-07-23 10:07:25 CEST 2007-07-23 10:07:25 CEST REGULATED INFORMATION Ilkka-Yhtymä Oyj - Quarterly reportILKKA-YHTYMÄ OYJ'S INTERIM REPORT FOR Q2/2007ILKKA-YHTYMÄ OYJ'S INTERIM REPORT FOR Q2/2007 The Ilkka-Yhtymä Group's consolidated net sales for the report period totalled EUR 27.2 million (EUR 26.3 million). Net sales increased by 3.6 per cent on the previous year. Consolidated operating profit grew by 32.3 per cent, attaining EUR 6.0 million (EUR 4.5 million). Pre-tax profits amounted to EUR 11.7 million (EUR 5.3 million). Earnings per share were EUR 0.65 (EUR 0.30) and shareholders' equity per share EUR 3.98 (EUR 2.91). The Group's Interim Report has been prepared in compliance with the International Financial Reporting Standards (IFRS). The Group transferred to IFRS reporting on 1 January 2005 and prepared its first financial statements in line with IFRS for the financial year 2005. Net Sales and Profit Performance The Group's consolidated net sales increased during January-June by 3.6 per cent year-on-year, amounting to EUR 27.2 million (EUR 26.3 million in 2006). Second-quarter net sales grew by 2.9 per cent. In the January-June period, external net sales from publishing grew by 4.4 per cent and, during the second quarter, by 3.3 per cent. The increase in net sales from publishing was mainly influenced by advertising for the parliamentary election early in the year. During the first half and the second quarter, external net sales from printing remained at the level of the previous year. Other operating income for January-June totalled EUR 0.3 million (EUR 0.2 million). Operating expenses for January-June amounted to EUR 21.6 million (EUR 22.0 million), down by 1.7 per cent year-on-year. This decrease mainly occurred in other operating expenses which, in the comparison year 2006, included non-recurring centenary expenses. Personnel expenses also decreased slightly. Second-quarter operating expenses decreased by 0.6 per cent. Depreciation included in the operating expenses for the period amounted to EUR 1.6 million (EUR 1.6 million). Consolidated operating profit came to EUR 6.0 million (EUR 4.5 million), accounting for 21.9 per cent (17.1 per cent) of net sales. Second-quarter operating profit amounted to EUR 2.9 million (EUR 2.4 million), accounting for 20.7 per cent (18.2 per cent) of net sales. Operating profit from publishing increased by EUR 1.2 million due to the increase in net sales and decrease in expenses. Operating profit from printing also saw a slight increase. Net financial income for January-June came to EUR 5.7 million (EUR 0.3 million), of which financial assets at fair value through profit or loss contributed EUR 0.3 million (EUR 0.0 million) and available-for-sale assets EUR 5.0 million (EUR 0.3 million). The Group divested part of its holding in Alma Media Oyj in February, and the capital gains (EUR 3.2 million) are included in gains from available-for-sale financial assets. Dividends from available-for-sale financial assets amounted to EUR 1.7 million (EUR 0.3 million). The share of associated companies' profit totalled EUR 0.02 million (EUR 0.5 million). Pre-tax profits amounted to EUR 11.7 million (EUR 5.3 million). Tax totals EUR 2.2 million (EUR 1.0 million) and the profit for the report period EUR 9.5 million (EUR 4.3 million). Balance Sheet and Financial Position The consolidated balance sheet total was EUR 74.2 million (EUR 67.4 million) and shareholders' equity EUR 58.3 million (EUR 42.6 million). The fair value reserve has grown by EUR 6.6 million in a year and EUR 1.3 million since the beginning of 2007. The consolidated balance sheet does not contain interest-bearing liabilities (EUR 11.1 million, year-on-year). Equity ratio was 83.5 per cent (67.7 per cent) and liquid assets were EUR 13.4 million (EUR 3.0 million). Reported cash flow from business operations totalled EUR 7.5 million (EUR 6.7 million), while that from investments was EUR 10.4 million (EUR -14.2 million). Quotation and Trading in Shares The Series I shares of Ilkka-Yhtymä Oyj have been listed on the Helsinki Stock Exchange since 1981. The Series II shares have been listed since their issue in 1988 and, on 10 June 2002, they were listed on the Main List of the Helsinki Stock Exchange. As of 2 October 2006, the Series II shares have been quoted on the OMX Nordic Exchange, Consumer Discretionary sector, the company's market value being classified as Mid Cap. The Series I shares are quoted on the Pre List. The number of Series I shares of Ilkka-Yhtymä Oyj traded in January-June was 32,176, which is 0.7 per cent of series share stock. The trading value of shares was EUR 0.4 million. The number of Series II shares traded totalled 1,889,632, which equals 18.2 per cent of the series share stock. Their trading value was EUR 21.7 million. During the report period, the lowest quotation for Ilkka-Yhtymä Oyj's Series I share was EUR 10.37 and the highest EUR 13.07, while the lowest quotation for a Series II share was EUR 10.40 and the highest EUR 12.29. At the period-end closing price, the share capital market value was EUR 161.3 million. Flagging announcements Due to share purchase completed on 7 May 2007, Thominvest Oy's holding of Ilkka-Yhtymä Oyj's share capital fell below 5 per cent to 4.59 per cent of share capital and 0.699 per cent of voting rights. Administration and The Annual General Meeting The Annual General Meeting (AGM) of 16 April 2007 approved the financial statements, discharged the members of the Supervisory Board and the Board of Directors as well as the CEO of any liability, and decided to distribute a per share dividend of EUR 0.60 for 2006, together with an additional payment of EUR 0.30 per share due to capital gains from the sale of Savon Mediat Oy's shares, i.e. a total dividend payment of EUR 0.90 per share. The AGM authorised the Board of Directors to decide upon a share issue and/or granting stock options and/or other special rights and upon their conditions. The maximum number of Series II shares issued is 4,300,000, corresponding to 29.32 per cent of the company's current shares. The authorisation includes the right to issue shares and/or stock options and/or other special rights as distinct from the shareholders' pre-emptive rights, under conditions prescribed by law, and the right to decide upon a free issue to the company itself. The authorisation is valid for three years from the date of the decision of the AGM. Of the members of the Supervisory Board whose term of service had come to an end, the AGM re-elected the following, for the term ending in 2011: Timo Aukia, Tampere; Mauri Hietala, Seinäjoki; Mikko Koskinen, Seinäjoki; Heikki Kuoppamäki, Ähtäri; Perttu Rinta, Helsinki; Ari Rinta-Jouppi, Vähäkyrö; Jaakko Rintala, Lapua; Raija Tikkala, Jurva. Additionally, Petri Latva-Rasku, Tampere, was elected as a new member for the term ending in 2009. Ernst & Young Oy, Authorised Public Accountants, with Tomi Englund, Authorised Public Accountant and Pekka Kiljunen, Authorised Public Accountant, were elected as principal auditors. Päivi Virtanen, Authorised Public Accountant, and Johanna Winqvist-Ilkka, Authorised Public Accountant, were elected as deputy auditors. In its meeting of 21 May 2007, the Supervisory Board elected two new members to the Board of Directors of Ilkka-Yhtymä Oyj. The new members are Sari Mutka, Financial Administration employee, and Timo Aukia, Managing Director, M.Sc.(Econ.). Both Seppo Paatelainen, Vuorineuvos (Finnish honorary title), and Tapio Savola, Master of Laws trained on the bench, were re-elected in the Board of Directors before the expiry of their terms of office. Under the article concerning age in the Articles of Association, both Ilkka-Yhtymä Oyj's Chairman Veikko Heikkilä, member of the Board of Directors since 1986, and Vice Chairman Jaakko Aukia, member since 1985, left the Board. Jaakko Rintala will continue as Chairman of the Supervisory Board, while Perttu Rinta, Managing Director, was elected as its Vice Chairman. At its membership meeting, the Board of Directors elected Seppo Paatelainen as its Chairman and Timo Aukia as its Vice Chairman. Tender Offer for the Shares of Vaasan Läänin Puhelin Oy Ilkka-Yhtymä Oyj published a stock exchange release on 24 April 2007, according to which Ilkka-Yhtymä Oyj made a tender offer for the shares of Vaasan Läänin Puhelin Oy (VLP). The tender offer period was 15-25 May 2007, and the tender offer price per share amounted to EUR 1,450. The objective of the tender offer is to develop co-operation between the companies and to strengthen the position of Ilkka-Yhtymä Oyj as an Ostrobothnian public limited company publishing multi-channel newspapers. Since the significance of online distribution channels will increase in the future, Ilkka-Yhtymä Oyj considers it important that the main shareholder of Vaasan Läänin Puhelin Oy remain in the province. Ilkka-Yhtymä's purchase of less than a thousand VLP shares during the tender period resulted in a less than 5 per cent holding in VLP. Ilkka-Yhtymä thus became the largest shareholder of Vaasan Läänin Puhelin Oy in its operating region. However, the holding will not have major effects in Ilkka-Yhtymä's profit performance nor the operations of Vaasan Läänin Puhelin Oy. Outlook for the Year-End Growth in media advertising in Finland is expected to decelerate from the first half of the year, since the figures for the first quarter contained, to a marked extent, election advertising. Printing business volumes are likely to remain almost unchanged and competition will remain tough throughout the year. Ilkka-Yhtymä Group expects slight growth in its consolidated net sales for the year as net sales for publishing improve. Operating profit and operating profit as a percentage of net sales are expected to increase from the levels of 2006. The profit for the entire financial year is expected to fall, since the financial income in the last quarter of the comparison year 2006 includes significant non-recurring capital gains from the sale of an associated company and the proportion of the sold associated company's result entered in the books for that year. Profit for the remainder of the year will be affected by securities trading volumes and the price performance of securities investments as well as potential capital gains or losses from available-for-sale assets. -------------------------------------------------------------------------------- | GROUP INCOME | 4-6/ | 4-6/ | Change | 1-6/ | 1-6/ | Change | 1-12/ | | STATEMENT | 2007 | 2006 | | 2007 | 2006 | | 2006 | | (EUR 1,000) | | | | | | | | -------------------------------------------------------------------------------- | NET SALES | 13 791 | 13 407 | 3 % | 27 247 | 26 302 | 4 % | 52 670 | -------------------------------------------------------------------------------- | Change in | 8 | 23 | -66 % | 16 | 30 | -46 % | 2 | | inventories | | | | | | | | | of finished | | | | | | | | | and | | | | | | | | | unfinished | | | | | | | | | products | | | | | | | | -------------------------------------------------------------------------------- | Other | 200 | 99 | 103 % | 327 | 186 | 76 % | 448 | | operating | | | | | | | | | income | | | | | | | | -------------------------------------------------------------------------------- | Materials | -4 233 | -4 064 | 4 % | -8 165 | -7 997 | 2 % | -15 834 | | and services | | | | | | | | -------------------------------------------------------------------------------- | Employee | -4 333 | -4 435 | -2 % | -8 581 | -8 758 | -2 % | -17 494 | | benefits | | | | | | | | -------------------------------------------------------------------------------- | Depreciation | -791 | -823 | -4 % | -1 598 | -1 637 | -2 % | -3 265 | -------------------------------------------------------------------------------- | Other | -1 781 | -1 761 | 1 % | -3 284 | -3 620 | -9 % | -6 825 | | operating | | | | | | | | | costs | | | | | | | | -------------------------------------------------------------------------------- | OPERATING | 2 861 | 2 447 | 17 % | 5 963 | 4 507 | 32 % | 9 703 | | PROFIT | | | | | | | | -------------------------------------------------------------------------------- | Financial | 362 | -280 | 230 % | 5 703 | 303 | 1782 % | 8 002 | | income and | | | | | | | | | expenses | | | | | | | | -------------------------------------------------------------------------------- | Share of | 10 | 230 | -96 % | 25 | 532 | -95 % | 1 831 | | associated | | | | | | | | | companies' | | | | | | | | | profit | | | | | | | | -------------------------------------------------------------------------------- | PROFIT | 3 233 | 2 397 | 35 % | 11 691 | 5 342 | 119 % | 19 535 | | BEFORE TAXES | | | | | | | | -------------------------------------------------------------------------------- | Income tax | -705 | -529 | 33 % | -2 213 | -994 | 123 % | -2 431 | -------------------------------------------------------------------------------- | PROFIT FOR | 2 528 | 1 868 | 35 % | 9 478 | 4 348 | 118 % | 17 104 | | THE PERIOD | | | | | | | | | UNDER REVIEW | | | | | | | | -------------------------------------------------------------------------------- SEGMENT INFORMATION -------------------------------------------------------------------------------- | Group net | 4-6/ | 4-6/ | Change | 1-6/ | 1-6/ | Change | 1-12/ | | sales (EUR | 2007 | 2006 | | 2007 | 2006 | | 2006 | | 1,000) | | | | | | | | -------------------------------------------------------------------------------- | Publishing | 11 088 | 10 732 | 3 % | 22 057 | 21 126 | 4 % | 42 614 | -------------------------------------------------------------------------------- | Printing | 5 388 | 5 387 | 0 % | 10 525 | 10 594 | -1 % | 20 569 | -------------------------------------------------------------------------------- | Non-allocate | 538 | 525 | 2 % | 1 081 | 1 041 | 4 % | 2 072 | | d | | | | | | | | -------------------------------------------------------------------------------- | Net sales | -3 223 | -3 237 | 0 % | -6 416 | -6 460 | -1 % | -12 586 | | between | | | | | | | | | segments | | | | | | | | -------------------------------------------------------------------------------- | Total | 13 791 | 13 407 | 3 % | 27 247 | 26 302 | 4 % | 52 670 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Group | 4-6/ | 4-6/ | Change | 1-6/ | 1-6/ | Change | 1-12/ | | operating | 2007 | 2006 | | 2007 | 2006 | | 2006 | | profit (EUR | | | | | | | | | 1,000) | | | | | | | | -------------------------------------------------------------------------------- | Publishing | 2 408 | 2 011 | 20 % | 4 808 | 3 611 | 33 % | 8 100 | -------------------------------------------------------------------------------- | Printing | 890 | 841 | 6 % | 1 755 | 1 635 | 7 % | 2 819 | -------------------------------------------------------------------------------- | Non-allocate | -437 | -406 | 8 % | -599 | -739 | -19 % | -1 215 | | d | | | | | | | | -------------------------------------------------------------------------------- | Operating | | | | -1 | -1 | 0 % | -1 | | profit | | | | | | | | | between | | | | | | | | | segments | | | | | | | | -------------------------------------------------------------------------------- | Total | 2 861 | 2 447 | 17 % | 5 963 | 4 507 | 32 % | 9 703 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP BALANCE SHEET (EUR 1,000) | | -------------------------------------------------------------------------------- | | 6/2007 | 6/2006 | Change | 12/2006 | -------------------------------------------------------------------------------- | ASSETS | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NON-CURRENT ASSETS | | | | | -------------------------------------------------------------------------------- | Intangible rights | 432 | 436 | -1 % | 500 | -------------------------------------------------------------------------------- | Investment property | 698 | 802 | -13 % | 749 | -------------------------------------------------------------------------------- | Property, plant and equipment | 18 692 | 20 514 | -9 % | 19 706 | -------------------------------------------------------------------------------- | Shares in associated companies | 483 | 9 946 | -95 % | 458 | -------------------------------------------------------------------------------- | Available-for-sale assets | 31 538 | 23 478 | 34 % | 35 558 | -------------------------------------------------------------------------------- | Non-current trade and other | 39 | 39 | | 39 | | receivables | | | | | -------------------------------------------------------------------------------- | Other tangible assets | 214 | 236 | -9 % | 214 | -------------------------------------------------------------------------------- | TOTAL NON-CURRENT ASSETS | 52 095 | 55 449 | -6 % | 57 224 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | | -------------------------------------------------------------------------------- | Inventories | 889 | 830 | 7 % | 890 | -------------------------------------------------------------------------------- | Trade and other receivables | 4 453 | 4 214 | 6 % | 3 602 | -------------------------------------------------------------------------------- | Income tax assets | 778 | 1 254 | -38 % | 435 | -------------------------------------------------------------------------------- | Financial assets at fair value | | | | | -------------------------------------------------------------------------------- | through profit or loss | 2 544 | 2 633 | -3 % | 1 687 | -------------------------------------------------------------------------------- | Cash and cash equivalents | 13 402 | 3 043 | 340 % | 14 626 | -------------------------------------------------------------------------------- | TOTAL Current assets | 22 066 | 11 974 | 84 % | 21 240 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total assets | 74 161 | 67 423 | 10 % | 78 463 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND | | | | | | LIABILITIES | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDER'S EQUITY | | | | | -------------------------------------------------------------------------------- | Share capital | 3 666 | 3 666 | | 3 666 | -------------------------------------------------------------------------------- | Fair value reserve and other | 19 666 | 13 022 | 51 % | 18 402 | | reserves | | | | | -------------------------------------------------------------------------------- | Retained earnings | 34 979 | 25 944 | 35 % | 38 700 | -------------------------------------------------------------------------------- | SHAREHOLDER'S EQUITY | 58 311 | 42 633 | 37 % | 60 768 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NON-CURRENT LIABILITIES | | | | | -------------------------------------------------------------------------------- | Deferred tax liability | 4 432 | 2 474 | 79 % | 4 101 | -------------------------------------------------------------------------------- | Non-current interest-bearing | | 6 063 | -100 % | 6 000 | | liabilities | | | | | -------------------------------------------------------------------------------- | NON-CURRENT LIABILITIES | 4 432 | 8 537 | -48 % | 10 101 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CURRENT LIABILITIES | | | | | -------------------------------------------------------------------------------- | Current interest-bearing | | 5 063 | -100 % | 63 | | liabilities | | | | | -------------------------------------------------------------------------------- | Accounts payable and other | 9 835 | 10 041 | -2 % | 7 528 | | payables | | | | | -------------------------------------------------------------------------------- | Income tax liability | 1 582 | 1 150 | 38 % | 2 | -------------------------------------------------------------------------------- | CURRENT LIABILITIES | 11 418 | 16 253 | -30 % | 7 594 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND | 74 161 | 67 423 | 10 % | 78 463 | | LIABILITIES TOTAL | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP CASH FLOW STATEMENT (EUR 1,000) | -------------------------------------------------------------------------------- | | 1-6/ | 1-6/ | 1-12/ | | | 2007 | 2006 | 2006 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | | | | -------------------------------------------------------------------------------- | Profit for the period under review | 9 478 | 4 348 | 17 104 | -------------------------------------------------------------------------------- | Adjustments | -2 029 | 1 780 | -4 174 | -------------------------------------------------------------------------------- | Change in working capital | 1 397 | 2 027 | 132 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | | | | -------------------------------------------------------------------------------- | BEFORE FINANCE AND TAXES | 8 846 | 8 155 | 13 062 | -------------------------------------------------------------------------------- | Financial income and expenses | -258 | 37 | 1 263 | -------------------------------------------------------------------------------- | Direct taxes paid | -1 089 | -1 500 | -3 528 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | 7 498 | 6 692 | 10 797 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW FROM INVESTMENTS | | | | -------------------------------------------------------------------------------- | Investments in tangible and | | | | -------------------------------------------------------------------------------- | intangible assets, net | -352 | -1 003 | -1 795 | -------------------------------------------------------------------------------- | Sold and acquired associated | | | 18 198 | | companies | | | | -------------------------------------------------------------------------------- | Other investments, net | 9 029 | -14 177 | -18 983 | -------------------------------------------------------------------------------- | Dividends received from investments | 1 734 | 958 | 968 | -------------------------------------------------------------------------------- | CASH FLOW FROM INVESTMENTS | 10 411 | -14 222 | -1 612 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW BEFORE FINANCING ITEMS | 17 909 | -7 530 | 9 185 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW FROM FINANCING | | | | -------------------------------------------------------------------------------- | Change in current loans | -63 | 4 937 | | -------------------------------------------------------------------------------- | Change in non-current loans | -6 000 | 6 000 | 5 874 | -------------------------------------------------------------------------------- | Dividends paid and other profit | -13 070 | -7 695 | -7 764 | | distribution | | | | -------------------------------------------------------------------------------- | CASH FLOW FROM FINANCING | -19 133 | 3 242 | -1 890 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | INCREASE (+) OR DECREASE (-) | | | | -------------------------------------------------------------------------------- | IN FINANCIAL ASSETS | -1 224 | -4 288 | 7 295 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Liquid assets at the beginning of the | | | | -------------------------------------------------------------------------------- | financial period | 14 626 | 7 331 | 7 331 | -------------------------------------------------------------------------------- | Liquid assets at the end of the | | | | -------------------------------------------------------------------------------- | financial period | 13 402 | 3 043 | 14 626 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP KEY FIGURES | | -------------------------------------------------------------------------------- | | 6/2007 | 6/2006 | 12/2006 | -------------------------------------------------------------------------------- | Earnings/share (EUR) | 0.65 | 0.30 | 1.17 | -------------------------------------------------------------------------------- | Shareholders' equity/share (EUR) | 3.98 | 2.91 | 4.14 | -------------------------------------------------------------------------------- | Average number of personnel | 383 | 396 | 399 | -------------------------------------------------------------------------------- | Investments (EUR 1 000) *) | 1 661 | 15 196 | 22 529 | -------------------------------------------------------------------------------- | Interest-bearing debt (EUR 1 | - | 11 126 | 6 063 | | 000) | | | | -------------------------------------------------------------------------------- | Equity ratio, % | 83.5 | 67.7 | 79.0 | -------------------------------------------------------------------------------- *) Investment in tangible and intangible assets and available-for-sale assets (shares). Taxes included in the income statement are taxes corresponding to the result for the period under review. -------------------------------------------------------------------------------- | STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (EUR 1,000) | -------------------------------------------------------------------------------- | Change in | Share | Share | Fair | Other | Retained | Total | | shareholders' | capita | issue | value | reserves | earnings | | | equity | l | premium | reserve | | | | | 1-6/2006 | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 259 | 166 | 1 057 | 13 103 | 29 418 | 47 003 | | EQUITY | | | | | | | | 1.1.2006 | | | | | | | -------------------------------------------------------------------------------- | Available-for-sale | | | | | | | financial assets: | | | | | | -------------------------------------------------------------------------------- | Net fair | | | -1 212 | | | -1 212 | | value gains | | | | | | | | and | | | | | | | | reclassified | | | | | | | | and reported | | | | | | | | in net profit | | | | | | | -------------------------------------------------------------------------------- | Share of | | | 315 | | | 315 | | deferred | | | | | | | | taxes | | | | | | | -------------------------------------------------------------------------------- | Transfers | 407 | -166 | | -242 | | | | between items | | | | | | | -------------------------------------------------------------------------------- | Net fair | 407 | -166 | -897 | -242 | | -897 | | value gains | | | | | | | | added to | | | | | | | | shareholders' | | | | | | | | equity | | | | | | | -------------------------------------------------------------------------------- | Net | | | | | 4 348 | 4 348 | | profit/loss | | | | | | | -------------------------------------------------------------------------------- | Total profits | 407 | -166 | -897 | -242 | 4 348 | 3 451 | | and losses | | | | | | | -------------------------------------------------------------------------------- | Dividend | | | | | -7 822 | -7 822 | | distribution | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 161 | 12 862 | 25 944 | 42 633 | | EQUITY TOTAL | | | | | | | | 6/ 2006 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Change in | Share | Share | Fair | Other | Retained | Total | | shareholders' | capita | issue | value | reserves | earnings | | | equity | l | premium | reserve | | | | | 1-6/2007 | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 5 540 | 12 862 | 38 700 | 60 768 | | EQUITY | | | | | | | | 1.1.2007 | | | | | | | -------------------------------------------------------------------------------- | Available-for | | | | | | | | -sale | | | | | | | | financial | | | | | | | | assets: | | | | | | | -------------------------------------------------------------------------------- | Net fair | | | 1 708 | | | 1 708 | | value gains | | | | | | | | and | | | | | | | | reclassified | | | | | | | | and reported | | | | | | | | in net profit | | | | | | | -------------------------------------------------------------------------------- | Share of | | | -444 | | | -444 | | deferred | | | | | | | | taxes | | | | | | | -------------------------------------------------------------------------------- | Net fair | | | 1 264 | | | 1 264 | | value gains | | | | | | | | added to | | | | | | | | shareholders' | | | | | | | | equity | | | | | | | -------------------------------------------------------------------------------- | Net | | | | | 9 478 | 9 478 | | profit/loss | | | | | | | -------------------------------------------------------------------------------- | Total profits | | | 1 264 | | 9 478 | 10 742 | | and losses | | | | | | | -------------------------------------------------------------------------------- | Dividend | | | | | -13 199 | -13 199 | | distribution | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 6 804 | 12 862 | 34 979 | 58 311 | | EQUITY TOTAL | | | | | | | | 6/ 2007 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP CONTINGENT LIABILITIES (EUR 1,000) | -------------------------------------------------------------------------------- | | 6/2007 | 6/2006 | 12/2006 | -------------------------------------------------------------------------------- | Collateral pledged for own | | | | | commitments | | | | -------------------------------------------------------------------------------- | Mortgages on company assets | 168 | 168 | 168 | -------------------------------------------------------------------------------- | Mortgages on real estate | 4 017 | 4 017 | 4 017 | -------------------------------------------------------------------------------- | On behalf of others | | | | -------------------------------------------------------------------------------- | Guarantees | 16 | 16 | 16 | -------------------------------------------------------------------------------- The figures have not been audited. Seinäjoki, 23 July 2007 ILKKA-YHTYMÄ OYJ Board of Directors Matti Korkiatupa Managing Director For more information: Matti Korkiatupa, Managing Director, Ilkka-Yhtymä Oyj Tel. +358 (0)500-162 015 DISTRIBUTION Helsinki Stock Exchange The main media www.ilkka-yhtyma.fi |
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