UPM Annual Report 2020
Business area information for the year ended 31 December 2020
Business area information for the year ended 31 December 2019
ELIMINATI ONS AND RECONCILI -ATIONS 2)
ELIMINATI ONS AND RECONCILI -ATIONS 2)
UPM SPECIALTY PAPERS
OTHER OPE RATIONS
UPM SPECIALTY PAPERS
OTHER OPE RATIONS
UPM BIO REFINING
UPM ENERGY
UPM RAFLATAC
UPM COM PAPERS
UPM PLYWOOD
UPM BIO REFINING
UPM ENERGY
UPM RAFLATAC
UPM COM PAPERS
UPM PLYWOOD
EURm, OR AS INDICATED
GROUP
EURm, OR AS INDICATED
GROUP
2,096
180 237 417 185
1,555
1,203
4,516
427
258
4
10,238
External sales Internal sales
1,720
252 127 379 171
1,560
1,148
3,296
385
221
-1
8,580
External sales Internal sales
617
—
209
36
24
6
-1,129 -1,125
—
463
—
176
37
21
4
-827 -828
—
Total sales
2,712
1,555
1,412
4,552
450
264
10,238
Total sales
2,183
1,560
1,324
3,333
405
225
8,580
Comparable EBIT
544
126
120
383
36
-7
17
1,404
Comparable EBIT
166
214
199
180
33
-12
-2
948
Items affecting comparability in operating profit
—
-1
-2
—
-58
—
-4
5
-60
Items affecting comparability in operating profit
—
14
-9
6
-170
-23 10
-3
-3 -4
-187 761
Operating profit Finance costs, net
544
184
124
120
324
36
-10
21
1,344
Operating profit Finance costs, net
166
184
205
206
9
-15
-37
-24
-234
Income taxes
-169 568
Income taxes
Profit for the period Operating assets 1) Deferred tax assets
1,073
Profit for the period Operating assets 1) Deferred tax assets
3,638
2,481
703
1,124
2,026
351
2,159
-362
12,121
4,004
2,251
656
1,069
1,757
314
2,083
-235
11,898
395
421
87
Other non-operating assets
82
Other non-operating assets
2,119
Other financial assets
2,457
Other financial assets
Total assets
14,722
Total assets
14,858
246
28
169
200
525
31
277
-338
1,139
Operating liabilities 1) Deferred tax liabilities
325
23
142
197
436
34
198
-220
1,135
Operating liabilities 1) Deferred tax liabilities
549 930
564
Other liabilities
1,023 2,623 5,345
Other liabilities
1,930 4,548
Other financial liabilities
Other financial liabilities
Total liabilities
Total liabilities
Other items Change in fair value of forest assets and wood harvested Share of results of associates and joint ventures Depreciation and amortisation
Other items Change in fair value of forest assets and wood harvested Share of results of associates and joint ventures Depreciation and amortisation
-11
—
—
—
—
—
38
—
26
-8
—
—
—
—
—
-17
—
-25
2
—
—
—
1
—
—
— — —
3
2
—
—
—
—
—
1
— — —
3
-171
-9
-40
-73
-132
-25
-27
-476
-176
-7 -3
-39
-74
-121
-27
-29
-472
—
—
—
—
-13
—
—
-13
Impairment charges
—
—
—
-58
-8
-1
-70
Impairment charges Capital employed, 31 December
3,392 3,469
2,453 2,454
534 579
924 904 115
1,501 1,647
320 329
1,881 1,824
468 -182
11,474 11,024
Capital employed, 31 December
Average capital employed
3,679 3,620
2,228 2,313
514 542
871 897
1,321 1,446
280 292
1,885 1,901
777 504
11,555 11,514
133
6
13
47
29
35
—
378
Capital expenditure
Average capital employed
Capital expenditure, excluding acquisitions and shares
659
6
13
27
70
17
110
2
903
Capital expenditure
133 15.7
6
13
115 13.3
47
29
35
— — —
378 12.8
Capital expenditure, excluding acquisitions and shares
7.5
21.8
23.2
11.0
-0.4 622
Comparable ROCE, % Personnel, 31 December
659
5
13
27
70
17
110 -0.6 649
1
902
2,739 18,742 1) Business area’s operating assets include goodwill, other intangible assets, property, plant and equipment, forest assets, energy shareholdings, investments in associates and joint ventures, inventories and trade receivables. Operating liabilities include trade payables and advances received. 2) Eliminations and reconciliations include the elimination of internal sales and the changes in fair value of unrealised cash flow and commodity hedges that are not allocated to segments. » Refer Other financial information on Alternative performance measures, for definitions of key figures and reconciliation to measures presented in the consolidated income statement and balance sheet prepared in accordance with IFRS. 68 3,181 1,992 7,673 2,467
4.6
7.4
39.5
22.2
12.4
11.2
— —
8.3
Comparable ROCE, % Personnel, 31 December
2,695 18,014 1) Business area’s operating assets include goodwill, other intangible assets, property, plant and equipment, forest assets, energy shareholdings, investments in associates and joint ventures, inventories and trade receivables. Operating liabilities include trade payables and advances received. 2) Eliminations and reconciliations include the elimination of internal sales and internal inventory margin and the changes in fair value of unrealised cash flow and commodity hedges that are not allocated to segments. » Refer Other financial information on Alternative performance measures, for definitions of key figures and reconciliation to measures presented in the consolidated income statement and balance sheet prepared in accordance with IFRS. 70 3,087 1,932 7,281 2,301
156
UPM ANNUAL REPORT 2020 UPM FINANCIAL REPORT 2020 41 157
UPM ANNUAL REPORT 2020
UPM FINANCIAL REPORT 2020 40
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