14 Discontinued operations

2014

Lemminkäinen announced on 14 May 2014 that it has divested its Technical building services business by selling the entire share capital of Lemminkäinen Talotekniikka Oy. The transaction was completed on 13 June 2014 and the total purchase price is EUR 55.4 million. The company recorded a pre-tax gain on sale of EUR 23.6 million to the second quarter of 2014. The company classified Lemminkäinen Talotekniikka Oy as discontinued operation at the time of sale. The comparative consolidated income statement information for the financial period 2013 have been adjusted correspondingly. The financial position for the year 2013 include all assets and liabilities attributable to the discontinued operations.

EUR 1,000 1 Jan–31 Dec 2014 1 Jan–31 Dec 2013
Profit from the discontinued operations

Income 77,403 198,388
Expenses 77,815 199,820
Profit before taxes -412 -1,432
Taxes 55 4,138
Profit for the financial period -358 2,705



Pre-tax gain on sales of the businesses 23,621
Taxes -133
Gain on sale after taxes 23,488



Profit for the period from discontinued operations 23,130 2,705



EUR 1,000
2014
Cash flows from discontinued operations

Cash flow from operating activities
-3,882
Cash flow from investing activities
-91
Cash flow from financing activities
4,342
Cash flows total
369



EUR 1,000
2014
The impact of the sale on Group's financial position

Cash consideration received
55,364
Transferred assets and liabilities
-29,115
Other related items
-2,629
Gain on sale
23,621



2013

At the end of 2013 the company did not have any discontinued operations or assets classified as held-for-sale.


 
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