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NOTE 4

Disposal of assets

Disposal of assets in 2011

In 2011, the Kesko Group did not make any significant disposals of assets.

Disposal of assets in 2010

In July 2010, the Kesko Group sold ten real estate properties to Ilmarinen Mutual Pension Insurance Company and Kruunuvuoren Satama Oy, a company established by Ilmarinen, the Kesko Pension Fund and Kesko Corporation. The debt-free selling price totalled €107.5 million, and the total gain on disposal was €47.4 million. The gain on the disposal was recorded as a non-recurring item in other operating income.