Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Dividend income | 0 | 200 | |
Reversal impairment/(impairment) Mail investments | (409) | 219 | |
Salaries, pensions and social security contributions | 6 | (35) | |
Other operating expenses | 0 | 1 | |
Total operating expenses | (403) | 185 | |
Operating income | (403) | 385 | |
Interest and similar income | 1 | 0 | |
Interest and similar expenses | (7) | (8) | |
Net financial expense | (6) | (8) | |
Profit/(loss) before income taxes | (409) | 377 | |
Income taxes | 0 | 11 | |
Profit/(loss) for the year attributable to shareholders | (409) | 388 |
Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Profit for the year attributable to shareholders | (409) | 388 | |
Actuarial gains/(losses) pensions, net of tax | 81 | (21) | |
Pension asset ceiling/minimum funding requirement, net of tax | (65) | 46 | |
Other comprehensive income that will not be reclassified to the income statement | 16 | 25 | |
Total comprehensive income for the year | (393) | 413 |
Year ended at 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Profit/(loss) before income taxes | (409) | 377 | |
Adjustments for: | |||
Reversal impairment/(impairment) Mail investments | 409 | (219) | |
Share-based payments | 1 | 3 | |
Dividend income | 0 | (200) | |
Interest and similar income | (1) | 0 | |
Interest and similar expenses | 7 | 8 | |
Investment income | 6 | (192) | |
Pension liabilities | (12) | 113 | |
Other provisions | 0 | (0) | |
Changes in provisions | (12) | 112 | |
Changes in working capital | 3 | (2) | |
Cash used in operations | (2) | 80 | |
Interest paid | (4) | (6) | |
Income taxes received/(paid) | (32) | 25 | |
Net cash (used in)/from operating activities | (38) | 99 | |
Dividend received | 0 | 200 | |
Interest received | 1 | 0 | |
Capital contribution paid | (117) | 0 | |
Changes in accounts receivable from Group companies | (71) | (299) | |
Net cash (used in)/from investing activities | (187) | (99) | |
Dividends paid | (71) | 0 | |
Proceeds from long-term borrowings | 296 | 0 | |
Net cash (used in)/from financing activities | 225 | 0 | |
Total change in cash and cash equivalents | 0 | (0) | |
Cash and cash equivalents at the beginning of the year | 0 | 0 | |
Total change in cash and cash equivalents | 0 | (0) | |
Cash and cash equivalents at the end of the year | 0 | (0) |
At 31 December | Notes | 2019 | 2020 |
|---|---|---|---|
Before proposed appropriation of profit | |||
Assets | |||
Investments in Mail | 2,783 | 3,002 | |
Deferred tax assets | 0 | 3 | |
Total non-current assets | 2,783 | 3,004 | |
Accounts receivable from Group companies | 25 | 323 | |
Other accounts receivable | 1 | 2 | |
Income tax receivable | 19 | 0 | |
Cash and cash equivalents | 0 | 0 | |
Total current assets | 45 | 326 | |
Total assets | 2,828 | 3,330 | |
Equity and liabilities | |||
Issued share capital | 40 | 40 | |
Additional paid-in capital | 160 | 161 | |
Revaluation reserve investments in Mail | 1,759 | 1,978 | |
Other reserves | 602 | (22) | |
Retained earnings | (432) | 388 | |
Total shareholders' equity | 2,129 | 2,546 | |
Provision for pension liabilities | 0 | 81 | |
Eurobonds | 695 | 696 | |
Other provisions | 2 | 1 | |
Total non-current liabilities | 697 | 778 | |
Income tax payable | 0 | 5 | |
Other current liabilities | 2 | 1 | |
Total current liabilities | 2 | 6 | |
Total equity and liabilities | 2,828 | 3,330 |
Issued share capital | Additional paid-in capital | Revaluation reserve | Other reserves | Retained earnings | Total shareholders' equity | |
|---|---|---|---|---|---|---|
Balance at 1 January 2019 | 38 | 160 | 2,168 | 345 | (118) | 2,593 |
Total comprehensive income | 16 | (409) | (393) | |||
Appropriation of net income | (166) | 166 | 0 | |||
Final dividend previous year | 1 | (1) | (48) | (48) | ||
Interim dividend current year | 1 | (1) | (23) | (23) | ||
Share-based compensation | 2 | (1) | 1 | |||
Reduction revaluation reserve | (409) | 409 | 0 | |||
Other | (1) | (1) | ||||
Balance at 31 December 2019 | 40 | 160 | 1,759 | 602 | (432) | 2,129 |
Total comprehensive income | 25 | 388 | 413 | |||
Appropriation of net income | (432) | 432 | 0 | |||
Share-based compensation | 0 | 1 | 2 | 3 | ||
Addition revaluation reserve | 219 | (219) | 0 | |||
Balance at 31 December 2020 | 40 | 161 | 1,978 | (22) | 388 | 2,546 |
iOS
Android