ILKKA-YHTYMÄ OYJ'S INTERIM REPORT FOR Q3/2007 The Ilkka-Yhtymä Group's consolidated net sales for the report period totalled EUR 40.1 million (EUR 38.7 million). Net sales increased by 3.4 per cent on the previous year. Consolidated operating profit grew by 26.6 per cent, attaining EUR 9.0 million (EUR 7.1 million). Pre-tax profits amounted to EUR 15.1 million (EUR 9.0 million). Earnings per share were EUR 0.82 (EUR 0.50) and shareholders' equity per share EUR 4.26 (EUR 3.22). Ilkka Yhtymä Oyj's interim report has been prepared in compliance with the recognition and measurement principles of IFRS but not in compliance with all IAS 34 requirements. In preparing this interim report, the same standards have been used as when preparing the previous financial statements. Net Sales and Profit Performance The Group's consolidated net sales increased during January-September by 3.4 per cent year-on-year, amounting to EUR 40.1 million (EUR 38.7 million in 2006). Third-quarter net sales grew by 3.0 per cent. In the January-September period, external net sales from publishing grew by 3.9 per cent and, during the third quarter, by 3.4 per cent. This growth was due to the favourable advertisement sales of the period under review. External net sales from printing increased by 1.5 per cent during January-September and by 1.1 per cent in the third quarter. Other operating income for January-September totalled EUR 0.4 million (EUR 0.3 million). Operating expenses for January-September amounted to EUR 31.5 million (EUR 31.9 million), down by 1.3 per cent year-on-year. Both personnel expenses and other operating expenses decreased. Third-quarter operating expenses decreased by 0.5 per cent. Depreciation included in the operating expenses for the period amounted to EUR 2.4 million (EUR 2.5 million). Consolidated operating profit came to EUR 9.0 million (EUR 7.1 million), accounting for 22.5 per cent (18.4 per cent) of net sales. Third-quarter operating profit amounted to EUR 3.0 million (EUR 2.6 million), accounting for 23.8 per cent (21.0 per cent) of net sales. The operating profit of both publishing and printing increased. Net financial income for January-September came to EUR 6.1 million (EUR 0.5 million), of which financial assets at fair value through profit or loss contributed EUR 0.4 million (EUR 0.1 million) and available-for-sale assets EUR 5.0 million (EUR 0.3 million). The Group divested part of its holding in Alma Media Oyj in February, and the capital gains (EUR 3.2 million) are included in gains from available-for-sale financial assets. Dividends from available-for-sale financial assets amounted to EUR 1.7 million (EUR 0.3 million). The share of associated companies' profit totalled EUR 0.1 million (EUR 1.4 million). Pre-tax profits amounted to EUR 15.1 million (EUR 9.0 million). Tax totals EUR 3.1 million (EUR 1.7 million) and the profit for the report period EUR 12.0 million (EUR 7.3 million). Balance Sheet and Financial Position The consolidated balance sheet total was EUR 78.4 million (EUR 69.3 million) and shareholders' equity EUR 62.4 million (EUR 47.2 million). The fair value reserve has grown by EUR 6.6 million in a year and EUR 2.8 million since the beginning of 2007. The consolidated balance sheet does not contain interest-bearing liabilities (EUR 8.6 million, year-on-year). Equity ratio was 84.0 per cent (72.2 per cent) and liquid assets were EUR 14.0 million (EUR 2.9 million). Reported cash flow from business operations totalled EUR 8.4 million (EUR 8.1 million), while that from investments was EUR 10.2 million (EUR -13.2 million). Quotation and Trading in Shares The Series I shares of Ilkka-Yhtymä Oyj have been listed on the Helsinki Stock Exchange since 1981. The Series II shares have been listed since their issue in 1988 and, on 10 June 2002, they were listed on the Main List of the Helsinki Stock Exchange. As of 2 October 2006, the Series II shares have been quoted on the OMX Nordic Exchange, Consumer Discretionary sector, the company's market value being classified as Mid Cap. The Series I shares are quoted on the Pre List. The number of Series I shares of Ilkka-Yhtymä Oyj traded in January-September was 48,642, which represents 1.1 per cent of series share stock. The trading value of the shares was EUR 0.6 million. The number of Series II shares traded totalled 2,227,644, which equals 21.5 per cent of the series share stock. Their trading value was EUR 25.3 million. During the report period, the lowest quotation for Ilkka-Yhtymä Oyj's Series I share was EUR 10.37 and the highest EUR 13.07, while the lowest quotation for a Series II share was EUR 10.16 and the highest EUR 12.29. At the period-end closing price, the share capital market value was EUR 161.6 million. Flagging announcements Due to a share purchase completed on 7 May 2007, Thominvest Oy's holding in Ilkka-Yhtymä Oyj's share capital fell below 5 per cent to 4.59 per cent of share capital and 0.699 per cent of voting rights. Administration and The Annual General Meeting The Annual General Meeting (AGM) of 16 April 2007 approved the financial statements, discharged the members of the Supervisory Board and the Board of Directors as well as the CEO of any liability, and decided to distribute a per share dividend of EUR 0.60 for 2006, together with an additional payment of EUR 0.30 per share due to capital gains from the sale of Savon Mediat Oy's shares, i.e. a total dividend payment of EUR 0.90 per share. The AGM authorised the Board of Directors to decide upon a share issue and/or granting stock options and/or other special rights and upon their conditions. The maximum number of Series II shares issued is 4,300,000, corresponding to 29.32 per cent of the company's current shares. The authorisation includes the right to issue shares and/or stock options and/or other special rights as distinct from the shareholders' pre-emptive rights, under conditions prescribed by law, and the right to decide upon a free issue to the company itself. The authorisation is valid for three years from the date of the decision of the AGM. Of the members of the Supervisory Board whose term of service had come to an end, the AGM re-elected the following, for the term ending in 2011: Timo Aukia, Tampere; Mauri Hietala, Seinäjoki; Mikko Koskinen, Seinäjoki; Heikki Kuoppamäki, Ähtäri; Perttu Rinta, Helsinki; Ari Rinta-Jouppi, Vähäkyrö; Jaakko Rintala, Lapua; Raija Tikkala, Jurva. Additionally, Petri Latva-Rasku, Tampere, was elected as a new member for the term ending in 2009. Ernst & Young Oy, Authorised Public Accountants, with Tomi Englund, Authorised Public Accountant and Pekka Kiljunen, Authorised Public Accountant, were elected as principal auditors. Päivi Virtanen, Authorised Public Accountant, and Johanna Winqvist-Ilkka, Authorised Public Accountant, were elected as deputy auditors. In its meeting of 21 May 2007, the Supervisory Board elected two new members to the Board of Directors of Ilkka-Yhtymä Oyj. The new members are Sari Mutka, Financial Administration employee, and Timo Aukia, Managing Director, M.Sc.(Econ.). Both Seppo Paatelainen, Vuorineuvos (Finnish honorary title), and Tapio Savola, Master of Laws trained on the bench, were re-elected to the Board of Directors before the expiry of their terms of office. Under the article concerning age in the Articles of Association, both Ilkka-Yhtymä Oyj's Chairman Veikko Heikkilä, a member of the Board of Directors since 1986, and Vice Chairman Jaakko Aukia, a member since 1985, left the Board. Jaakko Rintala will continue as Chairman of the Supervisory Board, while Perttu Rinta, Managing Director, was elected as its Vice Chairman. At its membership meeting, the Board of Directors elected Seppo Paatelainen as its Chairman and Timo Aukia as its Vice Chairman. Tender Offer for the Shares of Vaasan Läänin Puhelin Oy Ilkka-Yhtymä Oyj published a stock exchange release on 24 April 2007, according to which Ilkka-Yhtymä Oyj made a tender offer for the shares of Vaasan Läänin Puhelin Oy (VLP). The tender offer period was 15-25 May 2007, and the tender offer price per share amounted to EUR 1,450. The objective of the tender offer was to develop co-operation between the companies and to strengthen the position of Ilkka-Yhtymä Oyj as an Ostrobothnian public limited company publishing multi-channel newspapers. The ca. 1,000 shares acquired by Ilkka Yhtymä during the tender offer period do not have a significant impact on Ilkka Yhtymä's results or VLP's operations. Risks and Risk Management No major near-term risks are foreseen in the group's publishing and printing operations, providing an agreement is reached in the collective labour agreement negotiations. The operating risks are described in more detail in the Annual Report for 2006. Events after the report period Ilkka Yhtymä Oyj began participating in a new advertisement sales organisation for free sheets. Eight publishers of free sheets have founded a company that sells advertising space and distributes material to a total of 24 free sheets. Ilkka-Yhtymä Group publishes the free sheets Etelä-Pohjanmaa and Vaasan Ikkuna. Outlook for the Year-End Unless a major industrial dispute occurs, due to the favourable economic situation and buoyant consumer purchasing power, it is predicted that media advertising will increase in Finland for the remainder of the year, while printing volumes are likely to remain almost unchanged and competition will remain tough. Ilkka-Yhtymä Group expects slight growth in its consolidated net sales for the year as net sales for publishing improve. Operating profit and proportional profitability should increase from their 2006 levels, despite the increase in pay levels during the fourth quarter and increasing delivery costs due to earlier delivery. The profit for the entire financial year is expected to fall, since the financial income of the comparison year 2006 includes significant non-recurring capital gains from the sale of an associated company and the proportion of the sold associated company's result entered in the books for that year. The year-end profit will be affected by developments in the trade in securities and possible capital gains on available-for-sale assets. -------------------------------------------------------------------------------- | GROUP INCOME | 7-9/ | 7-9/ | Chang | 1-9/ | 1-9/ | Chang | 1-12/ | | STATEMENT | 2007 | 2006 | e | 2007 | 2006 | e | 2006 | | (EUR 1,000) | | | | | | | | -------------------------------------------------------------------------------- | NET SALES | 12 811 | 12 434 | 3 % | 40 058 | 38 736 | 3 % | 52 670 | -------------------------------------------------------------------------------- | Change in | 3 | -19 | -118 | 20 | 11 | 76 % | 2 | | inventories | | | % | | | | | | of finished | | | | | | | | | and | | | | | | | | | unfinished | | | | | | | | | products | | | | | | | | -------------------------------------------------------------------------------- | Other | 100 | 88 | 14 % | 427 | 274 | 56 % | 448 | | operating | | | | | | | | | income | | | | | | | | -------------------------------------------------------------------------------- | Materials | -3 811 | -3 740 | 2 % | -11 977 | -11 737 | 2 % | -15 834 | | and services | | | | | | | | -------------------------------------------------------------------------------- | Employee | -3 909 | -3 973 | -2 % | -12 490 | -12 730 | -2 % | -17 494 | | benefits | | | | | | | | -------------------------------------------------------------------------------- | Depreciation | -784 | -814 | -4 % | -2 382 | -2 451 | -3 % | -3 265 | -------------------------------------------------------------------------------- | Other | -1 364 | -1 366 | 0 % | -4 648 | -4 986 | -7 % | -6 825 | | operating | | | | | | | | | costs | | | | | | | | -------------------------------------------------------------------------------- | OPERATING | 3 046 | 2 610 | 17 % | 9 009 | 7 117 | 27 % | 9 703 | | PROFIT | | | | | | | | -------------------------------------------------------------------------------- | Financial | 361 | 167 | 116 % | 6 064 | 470 | 1189 | 8 002 | | income and | | | | | | % | | | expenses | | | | | | | | -------------------------------------------------------------------------------- | Share of | 32 | 915 | -96 % | 57 | 1 447 | -96 % | 1 831 | | associated | | | | | | | | | companies' | | | | | | | | | profit | | | | | | | | -------------------------------------------------------------------------------- | PROFIT | 3 439 | 3 692 | -7 % | 15 130 | 9 034 | 67 % | 19 535 | | BEFORE TAXES | | | | | | | | -------------------------------------------------------------------------------- | Income tax | -876 | -728 | 20 % | -3 089 | -1 722 | 79 % | -2 431 | -------------------------------------------------------------------------------- | PROFIT FOR | 2 563 | 2 964 | -14 % | 12 041 | 7 312 | 65 % | 17 104 | | THE PERIOD | | | | | | | | | UNDER REVIEW | | | | | | | | -------------------------------------------------------------------------------- SEGMENT INFORMATION -------------------------------------------------------------------------------- | Group net | 7-9/ | 7-9/ | Chang | 1-9/ | 1-9/ | Chang | 1-12/ | | sales (EUR | 2007 | 2006 | e | 2007 | 2006 | e | 2006 | | 1,000) | | | | | | | | -------------------------------------------------------------------------------- | Publishing | 10 574 | 10 225 | 3 % | 32 630 | 31 350 | 4 % | 42 614 | -------------------------------------------------------------------------------- | Printing | 4 845 | 4 664 | 4 % | 15 370 | 15 258 | 1 % | 20 569 | -------------------------------------------------------------------------------- | Non-allocated | 538 | 515 | 5 % | 1 620 | 1 556 | 4 % | 2 072 | -------------------------------------------------------------------------------- | Net sales | -3 147 | -2 969 | 6 % | -9 563 | -9 429 | 1 % | -12 586 | | between | | | | | | | | | segments | | | | | | | | -------------------------------------------------------------------------------- | Total | 12 811 | 12 434 | 3 % | 40 058 | 38 736 | 3 % | 52 670 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Group | 7-9/ | 7-9/ | Chan | 1-9/ | 1-9/ | Change | 1-12/ | | operating | 2007 | 2006 | ge | 2007 | 2006 | | 2006 | | profit (EUR | | | | | | | | | 1,000) | | | | | | | | -------------------------------------------------------------------------------- | Publishing | 2 244 | 2 130 | 5 % | 7 051 | 5 741 | 23 % | 8 100 | -------------------------------------------------------------------------------- | Printing | 936 | 636 | 47 % | 2 691 | 2 272 | 18 % | 2 819 | -------------------------------------------------------------------------------- | Non-allocated | -134 | -156 | -14 | -733 | -895 | -18 % | -1 215 | | | | | % | | | | | -------------------------------------------------------------------------------- | Operating | | | | -1 | -1 | 0 % | -1 | | profit between | | | | | | | | | segments | | | | | | | | -------------------------------------------------------------------------------- | Total | 3 046 | 2 610 | 17 % | 9 009 | 7 117 | 27 % | 9 703 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP BALANCE SHEET (EUR 1,000) | | -------------------------------------------------------------------------------- | | 9/2007 | 9/2006 | Change | 12/2006 | -------------------------------------------------------------------------------- | ASSETS | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NON-CURRENT ASSETS | | | | | -------------------------------------------------------------------------------- | Intangible rights | 413 | 471 | -12 % | 500 | -------------------------------------------------------------------------------- | Investment property | 672 | 775 | -13 % | 749 | -------------------------------------------------------------------------------- | Property, plant and equipment | 18 109 | 20 052 | -10 % | 19 706 | -------------------------------------------------------------------------------- | Shares in associated companies | 515 | 10 889 | -95 % | 458 | -------------------------------------------------------------------------------- | Available-for-sale assets | 33 663 | 24 172 | 39 % | 35 558 | -------------------------------------------------------------------------------- | Non-current trade and other | 39 | 39 | | 39 | | receivables | | | | | -------------------------------------------------------------------------------- | Other tangible assets | 214 | 214 | | 214 | -------------------------------------------------------------------------------- | TOTAL NON-CURRENT ASSETS | 53 624 | 56 612 | -5 % | 57 224 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | | -------------------------------------------------------------------------------- | Inventories | 951 | 825 | 15 % | 890 | -------------------------------------------------------------------------------- | Trade and other receivables | 4 979 | 4 217 | 18 % | 3 602 | -------------------------------------------------------------------------------- | Income tax assets | 1 338 | 2 033 | -34 % | 435 | -------------------------------------------------------------------------------- | Financial assets at fair value | 3 559 | 2 734 | 30 % | 1 687 | | through profit or loss | | | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 13 982 | 2 913 | 380 % | 14 626 | -------------------------------------------------------------------------------- | TOTAL Current assets | 24 809 | 12 723 | 95 % | 21 240 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total assets | 78 433 | 69 335 | 13 % | 78 463 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND | | | | | | LIABILITIES | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDER'S EQUITY | | | | | -------------------------------------------------------------------------------- | Share capital | 3 666 | 3 666 | | 3 666 | -------------------------------------------------------------------------------- | Fair value reserve and other | 21 218 | 14 595 | 45 % | 18 402 | | reserves | | | | | -------------------------------------------------------------------------------- | Retained earnings | 37 542 | 28 908 | 30 % | 38 700 | -------------------------------------------------------------------------------- | SHAREHOLDER'S EQUITY | 62 426 | 47 169 | 32 % | 60 768 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NON-CURRENT LIABILITIES | | | | | -------------------------------------------------------------------------------- | Deferred tax liability | 4 886 | 2 956 | 65 % | 4 101 | -------------------------------------------------------------------------------- | Non-current interest-bearing | | 6 063 | -100 % | 6 000 | | liabilities | | | | | -------------------------------------------------------------------------------- | NON-CURRENT LIABILITIES | 4 886 | 9 019 | -46 % | 10 101 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CURRENT LIABILITIES | | | | | -------------------------------------------------------------------------------- | Current interest-bearing | | 2 563 | -100 % | 63 | | liabilities | | | | | -------------------------------------------------------------------------------- | Accounts payable and other | 8 775 | 8 871 | -1 % | 7 528 | | payables | | | | | -------------------------------------------------------------------------------- | Income tax liability | 2 346 | 1 713 | 37 % | 2 | -------------------------------------------------------------------------------- | CURRENT LIABILITIES | 11 121 | 13 147 | -15 % | 7 594 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND | 78 433 | 69 335 | 13 % | 78 463 | | LIABILITIES TOTAL | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP CASH FLOW STATEMENT (EUR 1,000) | -------------------------------------------------------------------------------- | | 1-9/ | 1-9/ | 1-12/ | | | 2007 | 2006 | 2006 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | | | | -------------------------------------------------------------------------------- | Profit for the period under review | 12 041 | 7 312 | 17 104 | -------------------------------------------------------------------------------- | Adjustments | -775 | 2 255 | -4 174 | -------------------------------------------------------------------------------- | Change in working capital | 454 | 1 202 | 132 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | | | | -------------------------------------------------------------------------------- | BEFORE FINANCE AND TAXES | 11 720 | 10 769 | 13 062 | -------------------------------------------------------------------------------- | Financial income and expenses | -1 476 | -184 | 1 263 | -------------------------------------------------------------------------------- | Direct taxes paid | -1 854 | -2 515 | -3 528 | -------------------------------------------------------------------------------- | CASH FLOW FROM OPERATIONS | 8 391 | 8 071 | 10 797 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW FROM INVESTMENTS | | | | -------------------------------------------------------------------------------- | Investments in tangible and | | | | -------------------------------------------------------------------------------- | intangible assets, net | -494 | -1 357 | -1 795 | -------------------------------------------------------------------------------- | Sold and acquired associated | | | 18 198 | | companies | | | | -------------------------------------------------------------------------------- | Other investments, net | 9 002 | -12 775 | -18 983 | -------------------------------------------------------------------------------- | Dividends received from investments | 1 737 | 967 | 968 | -------------------------------------------------------------------------------- | CASH FLOW FROM INVESTMENTS | 10 245 | -13 165 | -1 612 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW BEFORE FINANCING ITEMS | 18 636 | -5 094 | 9 185 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CASH FLOW FROM FINANCING | | | | -------------------------------------------------------------------------------- | Change in current loans | -63 | 2 437 | | -------------------------------------------------------------------------------- | Change in non-current loans | -6 000 | 6 000 | 5 874 | -------------------------------------------------------------------------------- | Dividends paid and other profit | -13 216 | -7 761 | -7 764 | | distribution | | | | -------------------------------------------------------------------------------- | CASH FLOW FROM FINANCING | -19 279 | 675 | -1 890 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | INCREASE (+) OR DECREASE (-) | | | | -------------------------------------------------------------------------------- | IN FINANCIAL ASSETS | -644 | -4 418 | 7 295 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Liquid assets at the beginning of the | | | | -------------------------------------------------------------------------------- | financial period | 14 626 | 7 331 | 7 331 | -------------------------------------------------------------------------------- | Liquid assets at the end of the | | | | -------------------------------------------------------------------------------- | financial period | 13 982 | 2 913 | 14 626 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP KEY FIGURES | | -------------------------------------------------------------------------------- | | 9/2007 | 9/2006 | 12/2006 | -------------------------------------------------------------------------------- | Earnings/share (EUR) | 0.82 | 0.50 | 1.17 | -------------------------------------------------------------------------------- | Shareholders' equity/share (EUR) | 4.26 | 3.22 | 4.14 | -------------------------------------------------------------------------------- | Average number of personnel | 393 | 405 | 399 | -------------------------------------------------------------------------------- | Investments (EUR 1 000) *) | 1 848 | 15 815 | 22 529 | -------------------------------------------------------------------------------- | Interest-bearing debt (EUR 1 | - | 8 626 | 6 063 | | 000) | | | | -------------------------------------------------------------------------------- | Equity ratio, % | 84.0 | 72.2 | 79.0 | -------------------------------------------------------------------------------- *) Investment in tangible and intangible assets and available-for-sale assets (shares). Taxes included in the income statement are taxes corresponding to the result for the period under review. -------------------------------------------------------------------------------- | STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (EUR 1,000) | -------------------------------------------------------------------------------- | Change in | Share | Share | Fair | Other | Retained | Total | | shareholders' | capita | issue | value | reserves | earnings | | | equity | l | premium | reserve | | | | | 1-9/2006 | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 259 | 166 | 1 057 | 13 103 | 29 418 | 47 003 | | EQUITY | | | | | | | | 1.1.2006 | | | | | | | -------------------------------------------------------------------------------- | Available-for-sale | | | | | | | financial assets: | | | | | | -------------------------------------------------------------------------------- | Net fair | | | 913 | | | 913 | | value gains | | | | | | | | and | | | | | | | | reclassified | | | | | | | | and reported | | | | | | | | in net profit | | | | | | | -------------------------------------------------------------------------------- | Share of | | | -237 | | | -237 | | deferred | | | | | | | | taxes | | | | | | | -------------------------------------------------------------------------------- | Transfers | 407 | -166 | | -242 | | | | between items | | | | | | | -------------------------------------------------------------------------------- | Net fair | 407 | -166 | 676 | -242 | | 676 | | value gains | | | | | | | | added to | | | | | | | | shareholders' | | | | | | | | equity | | | | | | | -------------------------------------------------------------------------------- | Net | | | | | 7 312 | 7 312 | | profit/loss | | | | | | | -------------------------------------------------------------------------------- | Total profits | 407 | -166 | 676 | -242 | 7 312 | 7 988 | | and losses | | | | | | | -------------------------------------------------------------------------------- | Dividend | | | | | -7 822 | -7 822 | | distribution | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 1 733 | 12 862 | 28 908 | 47 169 | | EQUITY TOTAL | | | | | | | | 9/ 2006 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Change in | Share | Share | Fair | Other | Retained | Total | | shareholders' | capita | issue | value | reserves | earnings | | | equity | l | premium | reserve | | | | | 1-9/2007 | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 5 540 | 12 862 | 38 700 | 60 768 | | EQUITY | | | | | | | | 1.1.2007 | | | | | | | -------------------------------------------------------------------------------- | Available-for | | | | | | | | -sale | | | | | | | | financial | | | | | | | | assets: | | | | | | | -------------------------------------------------------------------------------- | Net fair | | | 3 806 | | | 3 806 | | value gains | | | | | | | | and | | | | | | | | reclassified | | | | | | | | and reported | | | | | | | | in net profit | | | | | | | -------------------------------------------------------------------------------- | Share of | | | -990 | | | -990 | | deferred | | | | | | | | taxes | | | | | | | -------------------------------------------------------------------------------- | Net fair | | | 2 816 | | | 2 816 | | value gains | | | | | | | | added to | | | | | | | | shareholders' | | | | | | | | equity | | | | | | | -------------------------------------------------------------------------------- | Net | | | | | 12 041 | 12 041 | | profit/loss | | | | | | | -------------------------------------------------------------------------------- | Total profits | | | 2 816 | | 12 041 | 14 857 | | and losses | | | | | | | -------------------------------------------------------------------------------- | Dividend | | | | | -13 199 | -13 199 | | distribution | | | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' | 3 666 | | 8 357 | 12 862 | 37 542 | 62 426 | | EQUITY TOTAL | | | | | | | | 9/ 2007 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP CONTINGENT LIABILITIES (EUR 1,000) | -------------------------------------------------------------------------------- | | 9/2007 | 9/2006 | 12/2006 | -------------------------------------------------------------------------------- | Collateral pledged for own | | | | | commitments | | | | -------------------------------------------------------------------------------- | Mortgages on company assets | 168 | 168 | 168 | -------------------------------------------------------------------------------- | Mortgages on real estate | 4 017 | 4 017 | 4 017 | -------------------------------------------------------------------------------- | On behalf of others | | | | -------------------------------------------------------------------------------- | Guarantees | 16 | 16 | 16 | -------------------------------------------------------------------------------- The figures have not been audited. Seinäjoki, 22 October 2007 ILKKA-YHTYMÄ OYJ Board of Directors Matti Korkiatupa Managing Director For more information: Matti Korkiatupa, Managing Director, Ilkka-Yhtymä Oyj Tel. +358 (0)500-162 015 DISTRIBUTION Helsinki Stock Exchange The main media www.ilkka-yhtyma.fi