BillerudKorsnäs has made a valuation of approximately 36 000 hectares of forest assets, of which approximately 18,000 hectares are productive forests, in which the biological assets are valued according to IAS41. At the same time, the company has chosen to change the accounting method for valuing forest land assets from the acquisition value to the revaluation model based on the fair value, mainly based on transaction prices for forest properties in comparable areas.
Most of the forests are located in mountain areas in Jämtland and Dalarna, where the share of productive forests is relatively low. About 2,000 hectares, of which 1,000 are productive, are located near the Group's production facilities in
This fair value significantly exceeds the previously recognized book value, by
BillerudKorsnäs expects to own another 15 400 hectares of forest assets as a result of the transactions with
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This information constituted inside information prior to publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 10.00 CET on
https://news.cision.com/billerudkorsnas/r/revaluation-of-forest-land,c3148097
https://mb.cision.com/Main/66/3148097/1274244.pdf
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