ALMA MEDIA CORP. STOCK EXCH. BULLETIN FEB 14,2002, 9.00 AM 1/15 ALMA MEDIA FINANCIAL STATEMENTS BULLETIN JANUARY - DECEMBER 2001 Alma Media Group recorded consolidated net sales totalling 2,844 MFIM (2,880 MFIM) and an operating loss of 116 MFIM (operating profit 93 MFIM). Alpress and BIG remained profitable. Broadcasting, Alprint and New Media all reported a clear loss. Measures to enhance performance have been taken in the three latter business areas and in the parent company. KEY FIGURES MFIM January-December 2001 2000 MFIM MEUR MFIM MEUR Net sales 2,844 478 2,880 484 Operating profit -116 -20 93 16 - % of net sales -4.1 3.2 Profit before extraordinary items -158 -27 70 12 - % of net sales (%) -5.6 2.4 Equity ratio (%) 37 49 Gearing (%) 112 52 Gross capital expenditure 561 94 222 37 Full-time employees on average 2,817 2,887 Earnings per share (FIM/euro) -8.52 -1.43 2.77 0.47 THE YEAR 2001 IN BRIEF Growth in GDP came to a halt and media advertising fell 6 % on the previous year. The decrease was particularly severe in television advertising. The final quarter was a difficult one for media corporations. Alpress, the Group’s publishing business area, had an outstanding year until September but a reduction in advertising income during the final quarter weakened the full-year result. Iltalehti’s profitability improved however and its circulation income showed strong growth owing to circulation and price increases. In March Alma Media acquired 33 % of Talentum Oyj’s share capital for 356 MFIM. In the short term this investment weakened Alma Media’s profitability but in the longer term collaboration between Business Information Group and Talentum group is expected to yield synergies. Digital television started up in Finland in August. MTV began broadcasting on three digital channels. Digital broadcasting added 22 MFIM to the Group’s expenses compared to the previous year. Far-reaching measures to raise cost efficiency were put into effect in the Broadcasting, New Media and Alprint business areas and the parent company. Personnel reductions in these units totalled more than 350. The measures will achieve substantial savings for the Group in 2002. ALMA MEDIA’S PERFORMANCE IN OCTOBER-DECEMBER 2001 2/15 NET SALES AND OPERATING PROFIT / LOSS BY BUSINESS AREA OCTOBER- DECEMBER (MFIM) Net sales Operating profit/ loss 2001 2000 2001 2000 10-12 10-12 % 10-12 10-12 % Alpress 313 311 1 22 40 -45 BIG 72 73 -1 10 15 -33 Broadcasting 268 306 -12 -31 17 -282 Digitv -8 0 - New Media 23 27 -15 -28 -24 -17 Alprint 106 133 -20 -10 -6 -67 Parent company 25 24 4 -38 -12 -217 Group entries. -63 -74 -14 -4 Total 744 800 -7 -97 26 -473 Media advertising fell 13 % during the final quarter, which reduced the Group’s Q4 operating profit by approx. 50 MFIM. Weaker performance by the associated companies, compared to the previous year, reduced the operating profit by 33 MFIM. The Group entered one-time costs from restructuring measures totalling 40 MFIM in December. Alpress’s net sales increased almost one percent on the previous year. Aamulehti’s advertising income was 8 MFIM lower. Alpress’s aggregate advertising income decreased 11 MFIM. Alpress’s circulation income continued to rise, mainly as a result of growth in circulation income by Iltalehti. Net sales of Business Information Group fell slightly from the previous year’s level. In November Kauppalehti’s advertising income fell by about one-fifth, which reduced the business area’s operating profit. Higher programming costs, compared to the previous year, and investments in the Subtv cable channel increased total television costs. A 33 MFIM fall in Broadcasting’s advertising sales, combined with weaker profitability in TV4 AB, resulted in a loss for the business area in the fourth quarter. Alma Media raised its holding in Oy Suomen Uutisradio Ab (Radio Nova) from 61 % to 74 %. Broadcasting’s MTV3 Tele and Radio Nova both developed favourably. New Media shifted focus onto its most profitable units and at the same time terminated unprofitable operations. Consequently its net sales decreased and also its profitability weakened owing to non- recurring costs. Reorganization and efficiency raising measures were continued in Alprint, and the business area’s operations were redimensioned in line with prevailing demand. The sale of the small rotation press in June reduced Alprint’s net sales. Restructuring gave rise to extraordinary expenses totalling 3 MFIM for the year. Concentration of operations will reduce Alprint’s fixed costs and improve its profitability from the first quarter of 2002. The parent company entered an operating loss of 38 MFIM (operating loss 12 MFIM). The reasons for the increase in operating loss were writedowns on shares in, and receivables from, the Venture Capital 3/15 companies, one-time compensation costs for redundancies, and an increase in rental costs. ALMA MEDIA’S PERFORMANCE JANUARY-DECEMBER 2001 Alma Media Group and the operating environment Alma Media Group is a media company with five business areas. Alpress is responsible for newspaper publishing, Business Information Group for producing and distributing business information, Broadcasting for radio and television activities, Alprint for printing services and New Media for new-media technologies. The Group’s parent company is Alma Media Corporation, which is quoted on the HEX Helsinki Exchanges. The parent company is responsible, among other things, for the Group’s management and strategic planning, finance and accounting, real estate and the general obligations of the stock exchange. Roughly 60 % of Alma Media’s net sales is derived from sales of advertising time on television and radio, from the advertising income of its newspapers, and from Internet advertising. Growth in GDP in Finland virtually halted during 2001. Media advertising spending totalled 6,226 MFIM (1,047 MEUR), more than 6 % lower than the previous year’s figure. The largest cuts in advertising expenditure took place in television, down 9 %. Newspapers recorded a 7 % decrease, town and free papers 7 %, magazines 3 %, outside advertising 3 % and Internet advertising 7 %. Media sales increased 6 % in radio and 10 % in cinemas. Newsprint prices increased approximately 15 % and magazine papers over 10 %. Alma Media’s expenditure on paper in 2001 totalled 325 MFIM. Changes in Group structure Alma Media’s newspaper printing units were moved from Alprint to Alpress at the beginning of 2001. The previous year’s figures have been adjusted to correspond with the new structure in 2001. Alma Media acquired 33 % of the share capital of Talentum Oyj at the end of March. The Group’s share of Talentum Oyj’s result is entered under Alma Media’s share of associated companies’ results in the financial statements. Kauppalehti acquired a majority holding in Baltic News Service in May. This company has over 160 employees and its net sales between July and December 2001 totalled 11 MFIM. Alprint sold its small rotation press in Tampere to Pirkanmaan Lehtipaino Oy in June and its prepress operation to Offset-Kopio Oy, part of the Talentum group, in October. 4/15 NET SALES AND OPERATING PROFIT BY BUSINESS AREA (MFIM) Net sales Operating profit/loss 2001 2000 % 2001 2000 % Alpress 1,236 1,159 7 134 145 -8 BIG 261 253 3 45 52 -13 Broadcasting 967 1,059 -9 -117 9-1,400 Digitv -22 0 - New Media 99 95 4 -90 -59 -53 Alprint 435 497 -12 -43 -29 -48 Parent company 97 92 5 -16 -29 45 Group entries -251 -274 -7 4 Total 2,844 2,880 -1 -116 93 -225 Result and net sales Alma Media’s consolidated net sales were 36 MFIM lower than in the previous year, mainly because of a 104 MFIM fall in MTV3 Channel’s advertising sales. Alpress’s net sales rose as a result of significantly increased circulation income and expansion of its printing operations. Iltalehti contributed 38 MFIM to the 48 MFIM growth in circulation income. Of the decrease in Alprint’s net sales, 40 MFIM arose from divestments. Alma Media’s most important associated companies in terms of profits are TV4 AB in Sweden, Talentum Oyj, Suomen Tietotoimisto Oy, Tampereen Tietoverkko Oy, Pearson Television Entertainment Oy, Suomen Urheilutelevisio Oy and Suomen Lehdentekijät -ryhmä Oy. The aggregate impact of these companies on Alma Media’s result was -23 MFIM (27 MFIM). TV4 AB contributed -2 MFIM (+21 MFIM) to this total, Talentum Oyj -16 MFIM (-) and Suomen Urheilutelevisio Oy -9 MFIM (-1 MFIM). Other operating income amounted to 87 MFIM (44 MFIM), which included a 59 MFIM gain on a property sale at the end of June. Operating expenses rose 6 %, or 166 MFIM, due mainly to writedowns arising from reorganization in the final quarter. Other major cost items were an increase of approximately 30 MFIM in Broadcasting’s programming costs, an increase in paper prices of over 30 MFIM, and higher research and development costs. Digital television added a further 22 MFIM compared to the previous year’s expenses. Most of the Group’s companies operate in leased premises under leasing agreements ranging from 6 months to 20 years. Annual rent payments currently stand at 47 MFIM. Part of the premises are subleased. Rental income from subleased premises is on an annual basis approximately 10 MFIM. Depreciation totalled 202 MFIM (169 MFIM) and included various writedowns totalling 26 MFIM (0 MFIM) and amortization of goodwill, 20 MFIM (17 MFIM). The operating loss was 116 MFIM (operating profit 93 MFIM). Net financial costs were 42 MFIM (23 MFIM), the higher figure arising from an increase in interest- bearing loans. The operating profits of Alpress and BIG remained on a very good level. Profitability weakened in the Broadcasting, New Media and 5/15 Alprint business areas. Programmes to raise cost efficiency were implemented in all these three business areas during the year and the impact of these measures will be visible from the beginning of 2002. Taxes in the income statement totalled +31 MFIM (-19 MFIM) and included deferred tax assets calculated on losses to be confirmed for the period. The change in deferred taxes for the year was +39 MFIM (+3 MFIM). The net loss for the period was 143 MFIM (net profit 29 MFIM) and earnings per share were -8.52 FIM (2.77 FIM). The consolidated balance sheet totalled 2,696 MFIM (2,539 MFIM) at the close of the period. The equity ratio was 37 % (49 %) and shareholders’ equity per share amounted to 61.03 FIM (75.73 FIM). CAPITAL EXPENDITURE AND FINANCING The Group’s capital expenditure amounted to 561 MFIM (222 MFIM), which included 356 MFIM on the acquisition of the Talentum Oyj shares. Investments in Broadcasting totalled 74 MFIM, in Alpress 44 MFIM, in New Media 35 MFIM, in Business Information Group 23 MFIM and in Alprint 8 MFIM. Capital expenditure also included 30 MFIM on shares in business area companies. The Group had 114 MFIM (112 MFIM) in cash reserves and bank balances at the end of the year. Interest-bearing debt totalled 1,192 MFIM (733 MFIM). Gearing was 112 % (52 %). In August Alma Media Corporation established a medium-term note programme under which it issued a first tranche of EUR 30 million. The Board of Directors had no authorizations to raise the share capital or issue bonds with warrants and / or convertible bonds during 2001. DIVIDEND PROPOSAL Alma Media Corporation’s Board of Directors proposes to the Annual General Meeting on 19 March 2002 payment of a dividend of 0,20 euros per share. BUSINESS AREA PERFORMANCE Alpress Alpress had a record year up until the final quarter. Until that point increased circulation income, greater efficiency and the addition of printing operations compensated for a rise in costs, caused by an increase in paper prices. Alpress’s circulation income grew 48 MFIM mainly as a result of Iltalehti’s good circulation growth and price increase. Advertising income, by contrast, was 11 MFIM down on the previous year. The decline in advertising income was sharpest in Aamulehti. Net sales from outside printing operations increased 20 MFIM. Alpress’s net sales rose 7 %. Alpress reached a very satisfactory level of operating profit for the year despite the strong fall in advertising income in the final quarter. Alpress’s operating profit was 134 MFIM (145 MFIM), or 11 % (13 %) of its net sales. 6/15 Business Information Group BIG’s net sales rose 3 %. Among the factors that weakened its profitability was a strong increase in its online and editorial resources in the first half of the year when full-year growth was expected to be considerably higher than in fact turned out. Kauppalehti was hit the hardest owing to a reduction in business travel after the September 11 terrorist attacks since advertising in this field virtually dried up. Balance Consulting Oy and Baltic News Service, which became a subsidiary during the year, had no significant impact on BIG’s result. Balance Consulting Oy’s net sales totalled 5 MFIM and BNS’s 11 MFIM. Kauppalehti Online was by far the most popular business service on the Internet in Finland. Its content sales increased 19 % but advertising sales declined slightly. BIG’s operating profit was 45 MFIM (52 MFIM), corresponding to an operating margin of 17 % (20 %). Talentum’s profit share is included under share of associated companies’ results in the Alma Media Group’s consolidated income statement. Talentum Group’s net sales totalled 107 (117) million euros and its operating loss was 6.4 (operating profit 8.5) million euros. Broadcasting Net sales by the Broadcasting business area fell 9 % and its result was a heavy loss. The main reasons underlying the deterioration in profitability were lower advertising sales, higher programming costs and weaker profitability reported by the Swedish associated company TV4 AB. MTV’s sales of advertising time were 104 MFIM lower than in the previous year, which caused a net reduction in Broadcasting’s operating profit of 79 MFIM. Associated companies contributed -1 MFIM (24 MFIM) to the operating profit. Swedish TV4 AB’s net sales totalled 2,192 (2,509) million Swedish krona and its pretax profit was 235 (336) million krona. Broadcasting recorded an operating loss of 117 MFIM (operating profit 9 MFIM). MTV Oy owns 23.4 % of TV4 AB. MTV Oy implemented a penetrating cost-cutting programme, the effects of which will become visible in 2002. Personnel reductions were approximately equivalent to 140 man-years and the programme schedule was streamlined with the emphasis on prime time. These measures will generate annual savings in the region of 60-80 MFIM. Programming costs increased 30 MFIM compared to the previous year, mainly because of an increase in the cost of sports broadcasting rights. Owing to its high-quality programme schedule, MTV retained its 40 % share of total viewing time and its position as Finland’s most popular television channel. Broadcasting’s net sales totalled 967 MFIM (1,059 MFIM) and the operating loss was 117 MFIM (operating profit 9 MFIM). Radio Nova’s net sales totalled 62 MFIM (59 MFIM) and MTV3 Tele had net sales of 26 MFIM (4 MFIM). Both companies returned a positive result. 7/15 Alma Media started digital television broadcasting in August. Alma Media broadcasts MTV3 Channel, Subtv and Urheilukanava (Sports Channel) also in digital format. MTV Oy owns 50 % of Suomen Urheilutelevisio Oy, which manages Urheilukanava. The shortage of digital set-top boxes in the shops severely limited the launch of digital television in Finland. Digital television raised Alma Media Group’s expenses by 22 MFIM compared to the previous year. New Media Alma Media is Finland’s leading Internet services provider in terms of user volume. New Media’s core businesses consist of various content services, online services and service concepts centred around classified advertising, and teletext, mobile and connection services. MTV3 Interactive comprises MTV3 Internet, MTV3 Mobiili, MTV3 Internet and broadband connections, and MTV3 Tekstikanava (teletext channel), all of which operate under the MTV3 brand. MTV3 Interactive’s net sales totalled approximately 27 MFIM. Net sales from online classified services amounted to approximately 20 MFIM. This included 13 MFIM from recruitment, 6 MFIM from housing and 1 MFIM from vehicle trading. The aggregate net sales of the Group’s online publications totalled 19 MFIM. New Media’s operating environment changed rapidly during the year. The business area’s focus was still on growth at the start of 2001 but this was changed to profitability from the first quarter and for this reason its net sales rose only 5 %. The termination of operations incurred 36 MFIM in non-recurring costs, in addition to which writedowns were entered totalling 6 MFIM. New Media’s net sales amounted to 99 MFIM (95 MFIM) and it recorded an operating loss of 90 MFIM (operating loss 59 MFIM). The management´s target of New Media is to reach an operating profit in 2002. Alprint Alprint’s net sales fell 12 % on the previous year. The main reason being the sale of the small rotation press in Tampere to outside buyers. Of the total operating loss, 15 MFIM resulted from one-time costs from streamlining action. Streamlining occupied Alprint throughout the year. The measures are intended to generate a clear improvement in profitability during 2002. Alprint’s personnel was reduced by more than 200 during the year. Alprint recorded net sales totalling 435 MFIM (497 MFIM) and an operating loss of 43 MFIM (29 MFIM). Parent Company The parent company’s net sales were 97 MFIM (92 MFIM) and it entered an operating loss of 16 MFIM (29 MFIM). The operating loss includes a capital gain of 59 MFIM on the sale of a property in June. 8/15 PERSONNEL AND ADMINISTRATION Alma Media had 2,678 (2,861) full-time employees at the year end as well as 1,328 (1,320) part-time delivery personnel. The number of employees in Alma Media decreased substantially during the year. The reduction was 215 in Alprint, 34 in New Media, 118 Broadcasting and 9 in the parent company. Alpress’s personnel increased by 30 persons and BIG’s personnel by 171 persons. The acquisition of Baltic News Service Increased BIG’s personnel by 164. Eliminating the effect of acquisitions, the total number of employees in the Group fell by 347 during the year. Olli Reenpää was the chairman, and Bengt Braun deputy chairman, of Alma Media Corporation’s Board of Directors until the Annual General Meeting on 20 March 2001. After the Meeting the Board elected Bengt Braun chairman and Kari Stadigh deputy chairman. The Board of Directors comprised Bengt Braun, Matti Häkkinen, Kari Stadigh, Matti Kavetvuo and Jonas Nyrén throughout the period. No new members were elected in place of Pekka Ala-Pietilä and Olli Reenpää, who served on the Board until the AGM and were due for retirement. Of the Supervisory Board members due for retirement, Asmo Kalpala was re-elected. Thomas Axén was elected to the Supervisory Board as a new member. The chairman of the Supervisory Board throughout the period was Björn Mattsson and the deputy chairman was Paavo Pitkänen. The Annual General Meeting appointed the firm of authorized public accountants KPMG Wideri Oy Ab and Mauri Palvin APA as the company’s auditors. The president and CEO of Alma Media Corporation was Matti Packalén. The following changes in composition and responsibilities of the Group Executive Board took place during the year. Executive vice president Risto Takala, who was president of Alprint, took over responsibility for corporate services and real estate in May. Heikki Salonen was appointed president of Alprint Oy. In November president and CEO Matti Packalén and executive vice president Heikki Saraste announced that they would be leaving the company in the following spring. Juho Lipsanen, president of ABB New Ventures Ltd, was appointed president and CEO, and Hannu Olkinuora, executive editor-in-chief of Svenska Dagbladet, was appointed president of Alpress Oy. Lipsanen and Olkinuora take up their new positions in Alma Media on 1 March 2002. In December Ilkka Kylmälä, president of MTV Oy resigned, and Pekka Karhuvaara, executive editor-in-chief of Iltalehti, was appointed president of MTV Oy. SHARES AND OWNERSHIP STRUCTURE The Board of Directors had no authorizations during the period to raise the share capital. At the close of the period Alma Media Corporation’s registered share capital totalled 157 MFIM, of which 68 MFIM comprised Series I and 89 MFIM Series II shares. Foreign and nominee-registered shareholders represented 40 % (33 %) of the company’s shares at the end of the year. 9/15 Altogether 10 % (14 %) of Alma Media’s Series I shares and 21 % (45 %) of the Series II shares were traded on the Helsinki Exchanges during the year. Trading totalled EUR 49 (208) million. The market capitalization of the company’s share capital at the end of the year was EUR 271 (308) million. Share performance (euros) Price Price Highest Lowest 2 Jan. 2001 28 Dec. 2001 price price Ser. I 20.00 18.80 25.00 14.51 Ser. II 17.50 16.00 24.50 14.51 In accordance with the decision of the AGM on 24 March 1999 Alma Media Corporation offered bonds with warrants totalling FIM 1,220,000 to its employees entitling subscription of altogether 610,000 Series II shares. This was an issue to Alma Media Corporation’s employees and also its wholly owned subsidiary Marcenter Oy, disapplying shareholders’ pre-emptive subscription rights. The bond subscription period was 12-24 April 1999. The bond was oversubscribed almost five times. It was subscribed by 759 employees and Marcenter Oy subscribed for warrants entitling it to 75,750 shares. The average price of the Series II share in October 1999, used to calculate the bond subscription price, was EUR 20,58 per share. According to the terms of the bond, half of the shares may be subscribed from 28 May 2001 at a price 12 % above the average price in October 1999 and the other half of the shares from 28 May 2003 at a price 28 % above the average price in October 1999. Any dividends payable will be deducted from the subscription price before subscription. The subscription price of shares under the A warrants now stands at EUR 21.96 and for the shares under the B warrants, EUR 25.25. The A warrants were registered in the book- entry securities system on 28 May 2001 and trading in them started on 29 May 2001. Trading in these warrants was minor during the year and no warrants were exercised to subscribe for shares during 2001. SUBSEQUENT EVENTS MBA Juho Lipsanen was appointed President and CEO of Alma Media. He takes up this position on March 1, 2002. Kauppalehti and Morningstar Europe established a company specializing in investment fund classification at the beginning of February. Kauppalehti owns 51 % of the company. PROSPECTS The Finnish economy is expected to start growing again although published forecasts suggest that this will be apparent mainly in the latter half of the year. The outcome will depend decisively on recovery in the global economy and, above all, in the US economy. A recovery is expected to have a positive effect on media advertising. A fall is expected in paper prices, while labour costs are expected to rise only slightly. Following implementation 10/15 of the cost-cutting measures during the reporting year, Alma Media’s cost structure is better than in 2001. The first-quarter operating profit in Alpress and BIG will be lower than in Q1/2001. Profitability for the full year in these divisions will depend heavily on economic developments during the second half of the year. MTV’s cost structure is more efficient, with respect to both fixed costs and programming costs. The full year’s profitability will depend considerably on sales of television advertising during the final quarter and the full year’s result will be significantly influenced by the halving of the operating licence fee on 1 July, 2002, should this be approved. If it is, the effect will be to save roughly EUR 7 million in costs during the second half of the year. Formal Statement Certain statements in this report are forward looking and are based on management’s expectation at the time they are made. Therefore they involve risks and uncertainties and are subject to change due to changes in general economic and industry conditions. 11/15 CONSOLIDATED INCOME STATEMENT (MFIM) 2001 2000 2001 2000 10-12 10-12 1-12 1-12 NET SALES 744 800 2844 2880 Share of profits of associates companies -20 13 -23 27 Other operating income 13 9 87 44 Expenses -834 -796 -3024 -2858 OPERATING PROFIT -97 26 -116 93 Financial income and expenses -15 -16 -42 -23 PROFIT BEFORE EXTRAORDINARY ITEMS -112 10 -158 70 Extraordinary income 0 1 0 1 Extraordinary expenses -3 -6 -13 -21 PROFIT BEFORE TAXES AND MINORITY INTERESTS -115 5 -171 50 Taxes 36 -3 31 -19 Minority interests 0 -2 -3 -2 NET PROFIT IN REPORTING PERIOD -79 0 -143 29 CONSOLIDATED INCOME STATEMENT(MEUR) 2001 2000 2001 2000 10-12 10-12 1-12 1-12 NET SALES 125 135 478 484 Share of profits of associated companies -3 2 -4 5 Other operating income 2 2 15 7 Expenses -140 -134 -509 -481 OPERATING PROFIT -16 4 -20 16 Financial income and expenses -3 -3 -7 -4 PROFIT BEFORE EXTRAORDINARY ITEMS-19 2 -27 12 Extraordinary income 0 0 0 0 Extraordinary expenses -1 -1 -2 -4 PROFIT BEFORE TAXES AND MINORITY INTERESTS -19 1 -29 8 Taxes 6 -1 5 -3 Minority interests 0 0 -1 0 NET PROFIT IN REPORTING PERIOD -13 0 -24 5 12/15 CONSOLIDATED BALANCE SHEET(MFIM/MEUR) 2001 2000 31.Dec. 31.Dec. MFIM MEUR MFIM MEUR ASSETS FIXED ASSETS Intangible assets 122 21 105 18 Goodwill on consolidation 112 19 112 19 Tangible assests 771 130 932 157 Investments 999 168 698 117 CURRENT ASSETS Inventories 314 53 266 45 Receivables 264 44 314 53 Cash and bank receivables 114 19 112 19 2696 453 2539 427 CONSOLIDATED BALANCE SHEET(MFIM/MEUR) 2001 2000 31.Dec. 31.Dec. MFIM MEUR MFIM MEUR SHAREHOLDERS' EQUITY AND LIABILITIES SHAREHOLDERS' EQUITY 960 161 1191 200 MINORITY INTERESTS 17 3 16 3 PROVISIONS 20 3 19 3 LIABILITIES Long-term 822 138 604 102 Short-term 877 148 709 119 2696 453 2539 427 CAPITAL EXPENDITURE(MFIM) 2001 2000 2001 2000 10-12 10-12 1-12 1-12 Gross capital expenditure on fixed assets 61 54 561 222 CAPITAL EXPENDITURE(MEUR) 2001 2000 2001 2001 10-12 10-12 1-12 1-12 Gross capital expenditure on fixed assets 10 9 94 37 13/15 GROUP CONTINGENT LIABILITIES (MFIM/MEUR) 2001 2000 31.Dec. 31.Dec. MFIM MEUR MFIM MEUR Against own debt Pledges 4 1 1 0 Mortgages on land and buildings 58 10 228 38 Chattel mortgages 33 6 140 24 Guarantees 7 1 26 4 Other own commitments Leasing commitments 8 1 9 2 Other commitments 10 2 2 0 120 21 406 68 Group leasing payments falling due (MFIM) During 2002 4 5 After 2002 4 4 Most of the Group’s companies operate in leased premises under leasing agreements ranging from 6 months to 20 years. Annual rent payments currently stand at 47 MFIM. Part of the premises are subleased. Rental income from subleased premises is on annual basis approximately 10 MFIM. NET SALES BY BUSINESS AREA (MFIM) 2001 2000 2001 2000 10-12 10-12 1-12 1-12 Alpress 313 311 1236 1159 Business Information Group 72 73 261 253 Broadcasting 268 306 967 1059 New Media 23 27 99 95 Alprint 106 133 435 497 Parent Company 25 24 97 92 Intragroup Net Sales -63 -74 -251 -274 Total 744 800 2844 2880 NET SALES BY BUSINESS AREA (MEUR) 2001 2000 2001 2000 10-12 10-12 1-12 1-12 Alpress 53 52 208 195 Business Information Group 12 12 44 42 Broadcasting 45 51 163 178 New Media 4 5 17 16 Alprint 18 22 73 84 Parent Company 4 4 16 15 Intragroup Net Sales -11 -12 -42 -46 Total 125 135 478 484
  • Date: 14.2.2002, 08:00
  • News type: Stock exchange release

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