HELSINKI , Jan. 17, 2013 (Press Release) -
UPM records an impairment charge in the Paper Business Area and adopts new IFRS standards affecting the Energy Business Area and certain other energy generating assets and employee benefits. The net impact of the actions on UPM's equity is estimated to be neutral, net of deferred taxes.
"Energy has been the most profitable Business Area in UPM and is one of our growth businesses. I am pleased that we are now able to show the fair value of our Energy assets in our balance sheet," says Tapio Korpeinen, CFO.
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