Annual Report 2002 H olmen Annual Report 2002 Holmen AB (publ) P.O. Box 5407 SE-114 84 STOCKHOLM SWEDEN Tel +46 8 666 21 00 Fax +46 8 666 21 30 E-mail:
[email protected] www.holmen.com Contents Addresses The year in brief ________________________________________________________________________________________ 1 ANNUAL REPORT HOLMEN AB The year in pictures _________________________________________________________________________________ 2 Profit and loss account_________________________________________________________________________ 38 Head office (Strandvägen 1) Tel +46 8 666 21 00 Comments by the President and CEO ______________________________________________ 4 Balance sheet _________________________________________________________________________________________ 40 P.O. Box 5407 Fax +46 8 666 21 30 Strategy ______________________________________________________________________________________________________ 6 Cash flow analysis ________________________________________________________________________________ 42 SE-114 84 STOCKHOLM E-mail:
[email protected] Financial targets _______________________________________________________________________________________ 7 Report of the directors__________________________________________________________________________ 44 SWEDEN www.holmen.com The share____________________________________________________________________________________________________ 8 Financial risk management _________________________________________________________________ 46 Ten year-review _______________________________________________________________________________________