Annual Report 2013 | 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 2013 2012
Profit for the period 1,279 1,512
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 105 15 1
Transfers to income statement -51 -152
Transfers to inventory/fixed assets -8 -5
Tax effect -8 33
Net investment hedges
Fair value gains/losses in the period 28 0
Tax effect -7 0
Available for sale financial assets
Fair value changes in the period 0 0
Exchange differences on translating foreign operations -496 204 2
Share of other comprehensive income of associates 39 -23
Other changes 0 0
-398 72
Items that will not be reclassified to profit or loss in subsequent periods
Actuarial gains/losses on defined benefit plans 58 -24
Actuarial gains/losses on defined benefit plans in associates 2 -36
60 -60
Other comprehensive income for the period, net of tax -338 12
Total comprehensive income for the year 941 1,524
Total comprehensive income attributable to:
Owners of the parent 881 1,412
Non-controlling interests 60 112
941 1,524

Fair valuation of cash flow hedges mainly relates to hedging electricity price in future cash flows. When electricity price is higher than the hedging price, the impact on equity is negative and vice versa.
2 Translation differences from translation of foreign entities, mainly in RUB, NOK and SEK.
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