• Print
  • Remove page Add page to report
  • Saved pages
  • Downloads
  • Feedback
  • Glossary
6 Acquisitions and disposals
Acquisitions
No acquisitions took place in financial periods 2013 and 2012.
Disposals
On April 2, 2013 Neste Oil sold its 100% interest in its subsidiary Neste Polska Sp. z o.o. A capital gain amounting to EUR 48 million resulting from the transaction has been included in the consolidated financial statement.
Assets and Liabilities of Neste Polska Sp. z o.o.
MEUR 2 April 2013
Property, plant and equipment 38
Inventories 5
Trade and other receivables 5
Cash and cash equivalents 12
Total assets 60
Provisions 2
Trade and other payables 19
Total liabilities 21
Sold net assets 39
Gain on disposal 48
Total consideration 87
Cash consideration received 87
Cash and cash equivalents disposed of 12
Cash inflow arising from disposal 75
On January 19, 2012 Neste Oil sold its 50% holding in an iso-octane production plant in Edmonton, Canada to Canadian-based Keyera Corporation. A capital gain amounting to EUR 45 million resulting from the transaction has been included in the consolidated financial statements.
Assets and Liabilities of Neste Oil´s 50% Holding in Iso-Octane production plant.
MEUR 19 January 2012
Property, plant and equipment 28
Inventories 27
Trade and other receivables 3
Cash and cash equivalents 0
Total assets 58
Trade and other payables 9
Total liabilities 9
Sold net assets 49
Gain on disposal 45
Total consideration 94
Cash consideration received 94
Cash and cash equivalents disposed of -
Cash inflow arising from disposal 94