Negative decisions by the Administrative Court of Helsinki concerning
KESKO CORPORATION STOCK EXCHANGE RELEASE 14.11.2007 AT 13.00
The Administrative Court of Helsinki has decided not to accept the
¤22.5 million write down made by Rautakesko Ltd on the shares of its
Swedish subsidiary, K-rauta AB, in its taxation for the year 2001.
The negative impact of the Administrative Court's decision on the
Kesko Group's result for the financial year 2007 will be
approximately ¤6.4 million.
The Administrative Court simultaneously decided to dismiss Kesko
Corporation's appeal concerning the deductibility of expenses added
to its taxable income for the years 1997-1999. The expenses were
considered to be capital contributions to K-rauta AB. The decision
will not affect the Kesko Group's result for the financial year 2007.
A stock exchange release on the matter was previously published on 16
Rautakesko Ltd and Kesko Corporation will apply for leave to appeal
against the Administrative Court's decisions from the Supreme
Further information is available from Jukka Erlund, Vice President,
Corporate Controller, tel. +358 1053 22338.
Senior Vice President, Corporate Communications