Annual Report 2014 | Suomeksi |

Consolidated statement of comprehensive income

The components of the Consolidated statement of comprehensive income (OCI) are items of income and expense that are recognised in equity and not recognised in the Consolidated income statement. They include unrealised items, such as fair value gains and losses on financial instruments hedging future cash flows. These items will be realised in the Consolidated income statement when the underlying hedged item is recognised. OCI also includes gains and losses on fair valuation on available for sale financial assets, items in comprehensive income in associated companies and translation differences.

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EUR million 2014 2013
Profit for the period 3,161 1,212
Other comprehensive income
Items that may be reclassified to profit or loss in subsequent periods
Cash flow hedges
Fair value gains/losses in the period 17 96 1
Transfers to income statement ‑70 ‑51
Transfers to inventory/fixed assets ‑4 ‑8
Tax effect 12 ‑6
Net investment hedges
Fair value gains/losses in the period 149 28
Tax effect ‑28 ‑7
Exchange differences on translating foreign operations ‑1,343 ‑478 2
Share of other comprehensive income of associates ‑3 42
Other changes ‑3 0
‑1,273 ‑384
Items that will not be reclassified to profit or loss in subsequent periods
Actuarial gains/losses on defined benefit plans ‑77 44
Actuarial gains/losses on defined benefit plans in associates ‑13 9
‑90 53
Other comprehensive income for the period, net of tax ‑1,363 ‑331
Total comprehensive income for the year 1,799 882
Total comprehensive income attributable to:
Owners of the parent 1,815 881
Non‑controlling interests ‑16 1
1,799 882
Fair valuation of cash flow hedges mainly relates to electricity prices in future cash flows. When electricity price is higher (lower) than the hedging price, the impact on equity is negative (positive).
2 Translation differences from translation of foregin entities, mainly RUB.
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