UPM Annual Report 2020

Balance sheet

EURm

NOTE

2020

2019

EURm

NOTE

2020

2019

EQUITY AND LIABILITIES Equity Share capital

ASSETS Non-current assets Intangible assets Intangible rights

890 142

890 142

5

5

Revaluation reserve

59

13 27 45

Reserve for invested non-restricted equity

1,273 2,002

1,273 1,940

Other intangible assets

3

Retained earnings Profit for the period

Advance payments

67

249

756

7

Total equity

Tangible assets Land and water areas

4,555

5,000

11

719 212 579

721 230 601

Accumulated depreciation difference

439

440

Buildings

Provisions Termination provisions

Machinery and equipment

24

25 22

5

3

Other tangible assets

7

183 187

47 49

Advance payments and construction in progress

Other provisions

1,541

1,599

12

8

LIABILITIES Non-current liabilities Bonds

Investments Holdings in group companies

3,788

3,077

5 3

5 3

1,056

334

Holdings in participating interest companies

Loans from financial institutions Payables to group companies Other non-current liabilities

100 168 166

0

Other shares and holdings

716

864

115 172 621

Receivables from group companies

4 0

4 7

Receivables from participating interest companies

1,490

Other non-current receivables

13

Current liabilities

4,516 6,124

3,960 5,603

9

Total non-current assets

Advances received

0

1

Trade payables

247

241

Current assets Inventories Raw materials and consumables Finished products and goods

Payables to group companies

2,021

1,703

160

165

Payables to participating interest companies

1

0

19 15

25 16

Other current liabilities

36 83

81 87

Accrued expenses and deferred income

Advance payments

193

206

2,390 3,880 9,061

2,112 2,733 8,223

14

Total liabilities

Receivables Current receivables Trade receivables

Equity and liabilities

31

27

956

944

Receivables from group companies

8

8

Receivables from participating interest companies

125

23 29

Other current receivables

41

Prepayments and accrued income

1,162 1,582 2,937 9,061

1,031 1,382 2,619 8,223

10

Cash and cash equivalents

Total current assets

Assets

204

205

UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020

UPM FINANCIAL REPORT 2020 88