Note 7
Non-recurring items
Extraordinary transactions that are not related to ordinary operating
activities are treated as non-recurring items and allocated
to segments. The Group classifies gains and losses on the disposal
of real estate, shares, operating activities and impairment, and discontinuation costs of significant operating activities
as non-recurring items. The gains on disposal are presented
in the income statement in other operating income, and
the losses on disposal in other operating expenses.
In addition to the above, discontinued operations include
non-recurring gains on disposal in the amount of €39.5 milllion
(€28.5 million).
Impairment losses
During the period, a total amount of €61.1 million (€0.5million) in impairment losses was recognised as an expense in the income statement. An impairment charge of €45.6 million was made on the consolidated goodwill and trademark of Rautakesko's subsidiary, Byggmakker Norge. In addition, the nonrecurring expenses include an impairment charge of €15.5 million on Anttila's logistics centre in Vantaa to be replaced in 2011 by a new logistics centre in Kerava. Impairment losses or their reversals have not been recognised directly in equity.