ANNUAL REPORT 2012

Financials

7. Financial income and expenses


EUR 2012 2011
Dividend income

From subsidiaries 60,301,716.32

From other parties 515.00 506.81
Dividend income, total 60,302,231.32 506.81




Interest and financial income from non-current investments

From subsidiaries 2,943,879.79 2,795,528.61

From other parties

Interest and financial income from non-current investments, total 2,943,879.79 2,795,528.61




Other interest and financial income

From subsidiaries
1,348,791.06

From other parties 437,911.63 -162,449.56
Other interest and financial income, total 437,911.63 1,186,341.50




Interest and financial income, total 3,381,791.42 3,981,870.11




Reversal of impairment of non-current investments

Subsidiaries* 369,150,000.00
Reversal of impairment of non-current investments, total 369,150,000.00




* The impairment of Avlis AB, recorded in 2008, was reversed to its original book value.

Avlis AB is a subsidiary of Fiskars Corporation.


Interest and other financial expenses


To subsidiaries -881,953.47 -759,704.07

To other parties -2,986,580.77 -5,125,616.36
Interest and other financial expenses, total -3,868,534.24 -5,885,320.43




Total financial income and expenses 428,965,488.50 -1,902,943.51




Net exchange gains and losses included in financial items 230,082.41 -33,262.49