Wärtsilä Corporation Interim Report Q1 2015

Note

Make a note?

       

Disposals
The sale of two-stroke engine business to the joint venture Winterthur Gas & Diesel Ltd (WinGD) was completed in January. Wärtsilä's ownership of WinGD is 30% and China State Shipbuilding Corporation's (CSSC) ownership 70%. As a result of the sale transaction, a profit of EUR 24 million has been recognised in profit for the reporting period from the discontinued operations.
The two-stroke business was classified as discontinued operations in the third quarter of 2014, including the transfer of non-current assets held for sale and liabilities directly attributable to them on separate rows in the statement of financial position. The comparison figures in the statement of income and the items related to it have been restated to show the discontinued operations separately from continuing operations.
Profit for the reporting period from discontinued operations
MEUR 1–3/2015
Discontinued operations
Expenses -2
Profit on sale of shares 24
Profit for the reporting period 22
Earnings per share, discontinued operations, EUR 0.11
Cash flows from discontinued operations
MEUR 1–3/2015
Cash flow from investing activities 44
Change in cash and cash equivalents, increase (+) / decrease (-) 44

Note

Make a note?

Close

For the best experience of our Annual Report, please update your browser to a newer version.