Wärtsilä Corporation Financial statements bulletin 2015

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Disposals
The sale of the 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 is 70%. As a result of the sale transaction, a profit of EUR 24 million has been recognised in profit for the financial 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.
Profit for the financial period from the discontinued operations
MEUR 2015
Discontinued operations
Expenses -2
Profit on sale of shares 24
Profit for the financial period 22
Earnings per share, discontinued operations, EUR 0.11
Cash flows from the discontinued operations
MEUR 2015
Cash flow from investing activities 44
Change in cash and cash equivalents, increase (+) / decrease (-) 44

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