If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
&lt;br /&gt; &lt;br /&gt; annual report 2010&lt;br /&gt; 2&ndash;13&lt;br /&gt; CompanY&lt;br /&gt; 2010 in brief 2&lt;br /&gt; president&rsquo;s review 4&lt;br /&gt; Strategy 6&lt;br /&gt; Brands 10&lt;br /&gt; Business environment 12&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; 14&ndash;21&lt;br /&gt; SuStaInaBIlItY&lt;br /&gt; responsibility 16&lt;br /&gt; personnel 20&lt;br /&gt; &lt;br /&gt; Home&lt;br /&gt; &lt;br /&gt; 22&ndash;31&lt;br /&gt; BuSIneSSeS&lt;br /&gt; Home 24&lt;br /&gt; Garden 26&lt;br /&gt; outdoor 28&lt;br /&gt; other 30&lt;br /&gt; real estate 30&lt;br /&gt; associated company W&auml;rtsil&auml; 31&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; 32&ndash;43&lt;br /&gt; GoVernanCe&lt;br /&gt; Corporate Governance Statement 34&lt;br /&gt; Board of Directors 40&lt;br /&gt; executive Board 42&lt;br /&gt; Business area management 43&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; 44&ndash;101&lt;br /&gt; FInanCIal StatementS&lt;br /&gt; report by the Boa<a title="FSKRS-20110228-AREN-EJK.pdf page 1" href="http://viewer.zmags.com/publication/784d13e7?page=1"></a> <a title="FSKRS-20110228-AREN-EJK.pdf page 2" href="http://viewer.zmags.com/publication/784d13e7?page=2">annual report 2010</a> annual report 2010<a title="FSKRS-20110228-AREN-EJK.pdf page 3" href="http://viewer.zmags.com/publication/784d13e7?page=3">2&ndash;13CompanY2010 in brief 2president&rsquo;s review 4</a> 2&ndash;13CompanY2010 in brief 2president&rsquo;s review 4<a title="FSKRS-20110228-AREN-EJK.pdf page 4" href="http://viewer.zmags.com/publication/784d13e7?page=4">gardenoutdoorgarden </a> gardenoutdoorgarden <a title="FSKRS-20110228-AREN-EJK.pdf page 5" href="http://viewer.zmags.com/publication/784d13e7?page=5">2010 In BrIeFSolId growthand hIgherproFItS</a> 2010 In BrIeFSolId growthand hIgherproFItS<a title="FSKRS-20110228-AREN-EJK.pdf page 6" href="http://viewer.zmags.com/publication/784d13e7?page=6">716 530647net sales totaledeur 716 milli</a> 716 530647net sales totaledeur 716 milli<a title="FSKRS-20110228-AREN-EJK.pdf page 7" href="http://viewer.zmags.com/publication/784d13e7?page=7">preSIdent&rsquo;S reVIewthe new StrategyStartS to</a> preSIdent&rsquo;S reVIewthe new StrategyStartS to<a title="FSKRS-20110228-AREN-EJK.pdf page 8" href="http://viewer.zmags.com/publication/784d13e7?page=8">5</a> 5<a title="FSKRS-20110228-AREN-EJK.pdf page 9" href="http://viewer.zmags.com/publication/784d13e7?page=9">StrategyFISKarS&rsquo;Strategy dFocuS</a> StrategyFISKarS&rsquo;Strategy dFocuS<a title="FSKRS-20110228-AREN-EJK.pdf page 10" href="http://viewer.zmags.com/publication/784d13e7?page=10">their needs and behaviors provides uswith the kn</a> their needs and behaviors provides uswith the kn<a title="FSKRS-20110228-AREN-EJK.pdf page 11" href="http://viewer.zmags.com/publication/784d13e7?page=11">StrategyFroM Broad deFInItIonto deterMIned</a> StrategyFroM Broad deFInItIonto deterMIned<a title="FSKRS-20110228-AREN-EJK.pdf page 12" href="http://viewer.zmags.com/publication/784d13e7?page=12">to ensure future growth through uni&#64257;edofferings </a> to ensure future growth through uni&#64257;edofferings <a title="FSKRS-20110228-AREN-EJK.pdf page 13" href="http://viewer.zmags.com/publication/784d13e7?page=13">BrandSa portFolIoBaSed onclearly deFInedB</a> BrandSa portFolIoBaSed onclearly deFInedB<a title="FSKRS-20110228-AREN-EJK.pdf page 14" href="http://viewer.zmags.com/publication/784d13e7?page=14">Kastehelmi plate, Iittala; ErgoPlus&trade;spade, Fiskar</a> Kastehelmi plate, Iittala; ErgoPlus&trade;spade, Fiskar<a title="FSKRS-20110228-AREN-EJK.pdf page 15" href="http://viewer.zmags.com/publication/784d13e7?page=15">BuSIneSS enVIronMentenrIchIng people&rsquo;SeVery</a> BuSIneSS enVIronMentenrIchIng people&rsquo;SeVery<a title="FSKRS-20110228-AREN-EJK.pdf page 16" href="http://viewer.zmags.com/publication/784d13e7?page=16">and France, resulted in a strongimprovement in s</a> and France, resulted in a strongimprovement in s<a title="FSKRS-20110228-AREN-EJK.pdf page 17" href="http://viewer.zmags.com/publication/784d13e7?page=17">FunctIonalItyFor a product to becomea classic,</a> FunctIonalItyFor a product to becomea classic,<a title="FSKRS-20110228-AREN-EJK.pdf page 18" href="http://viewer.zmags.com/publication/784d13e7?page=18">14&ndash;21SuStaInaBIlIty16 responsibility20 perso</a> 14&ndash;21SuStaInaBIlIty16 responsibility20 perso<a title="FSKRS-20110228-AREN-EJK.pdf page 19" href="http://viewer.zmags.com/publication/784d13e7?page=19">reSponSIBIlIty</a> reSponSIBIlIty<a title="FSKRS-20110228-AREN-EJK.pdf page 20" href="http://viewer.zmags.com/publication/784d13e7?page=20">from in-house manufacturing to pro-curement, log</a> from in-house manufacturing to pro-curement, log<a title="FSKRS-20110228-AREN-EJK.pdf page 21" href="http://viewer.zmags.com/publication/784d13e7?page=21">reSponSIBIlItystages throughout the </a> reSponSIBIlItystages throughout the <a title="FSKRS-20110228-AREN-EJK.pdf page 22" href="http://viewer.zmags.com/publication/784d13e7?page=22">the carBon FootprIntoF a lIter oF MIlKIS hIgher</a> the carBon FootprIntoF a lIter oF MIlKIS hIgher<a title="FSKRS-20110228-AREN-EJK.pdf page 23" href="http://viewer.zmags.com/publication/784d13e7?page=23">perSonneldeVelopIngperSonnelMotIVated pe</a> perSonneldeVelopIngperSonnelMotIVated pe<a title="FSKRS-20110228-AREN-EJK.pdf page 24" href="http://viewer.zmags.com/publication/784d13e7?page=24">eMployeeengageMentand SatISFactIonare at the h</a> eMployeeengageMentand SatISFactIonare at the h<a title="FSKRS-20110228-AREN-EJK.pdf page 25" href="http://viewer.zmags.com/publication/784d13e7?page=25">InnoVatIonInnovation lies atthe core of our br</a> InnoVatIonInnovation lies atthe core of our br<a title="FSKRS-20110228-AREN-EJK.pdf page 26" href="http://viewer.zmags.com/publication/784d13e7?page=26">22&ndash;31BuSIneSSeS24 home26 garden28 outdoor</a> 22&ndash;31BuSIneSSeS24 home26 garden28 outdoor<a title="FSKRS-20110228-AREN-EJK.pdf page 27" href="http://viewer.zmags.com/publication/784d13e7?page=27">hoMenew t </a> hoMenew t <a title="FSKRS-20110228-AREN-EJK.pdf page 28" href="http://viewer.zmags.com/publication/784d13e7?page=28">and launched in early 2010. the company also</a> and launched in early 2010. the company also<a title="FSKRS-20110228-AREN-EJK.pdf page 29" href="http://viewer.zmags.com/publication/784d13e7?page=29">gardenreInVentInggardenIngFISKarS gardenFocu</a> gardenreInVentInggardenIngFISKarS gardenFocu<a title="FSKRS-20110228-AREN-EJK.pdf page 30" href="http://viewer.zmags.com/publication/784d13e7?page=30">product innovations, such as Fiskars&rsquo;rainwater c</a> product innovations, such as Fiskars&rsquo;rainwater c<a title="FSKRS-20110228-AREN-EJK.pdf page 31" href="http://viewer.zmags.com/publication/784d13e7?page=31">outdooreQuIpMentFor peopleon the MoVeFISKarS</a> outdooreQuIpMentFor peopleon the MoVeFISKarS<a title="FSKRS-20110228-AREN-EJK.pdf page 32" href="http://viewer.zmags.com/publication/784d13e7?page=32">mented by a growing online busi-ness. the new ge</a> mented by a growing online busi-ness. the new ge<a title="FSKRS-20110228-AREN-EJK.pdf page 33" href="http://viewer.zmags.com/publication/784d13e7?page=33">otherdeVelopIngour aSSetSFISKarS&rsquo; otherFunct</a> otherdeVelopIngour aSSetSFISKarS&rsquo; otherFunct<a title="FSKRS-20110228-AREN-EJK.pdf page 34" href="http://viewer.zmags.com/publication/784d13e7?page=34">positive further growth and develop-ment in the </a> positive further growth and develop-ment in the <a title="FSKRS-20110228-AREN-EJK.pdf page 35" href="http://viewer.zmags.com/publication/784d13e7?page=35">deSIgngreat design combinesbeauty, form, andf</a> deSIgngreat design combinesbeauty, form, andf<a title="FSKRS-20110228-AREN-EJK.pdf page 36" href="http://viewer.zmags.com/publication/784d13e7?page=36">32&ndash;43goVernance34 corporate governanceStateme</a> 32&ndash;43goVernance34 corporate governanceStateme<a title="FSKRS-20110228-AREN-EJK.pdf page 37" href="http://viewer.zmags.com/publication/784d13e7?page=37">goVernancecorporategoVernanceStateMentFor</a> goVernancecorporategoVernanceStateMentFor<a title="FSKRS-20110228-AREN-EJK.pdf page 38" href="http://viewer.zmags.com/publication/784d13e7?page=38">ultIMate decISIon-MaKIng power IS VeStedIn Shar</a> ultIMate decISIon-MaKIng power IS VeStedIn Shar<a title="FSKRS-20110228-AREN-EJK.pdf page 39" href="http://viewer.zmags.com/publication/784d13e7?page=39">goVernancethe Managing director, w</a> goVernancethe Managing director, w<a title="FSKRS-20110228-AREN-EJK.pdf page 40" href="http://viewer.zmags.com/publication/784d13e7?page=40">the MaIn FeatureSoF the Internalcontrol and rIS</a> the MaIn FeatureSoF the Internalcontrol and rIS<a title="FSKRS-20110228-AREN-EJK.pdf page 41" href="http://viewer.zmags.com/publication/784d13e7?page=41">goVernancerISK ManageMentFiskars</a> goVernancerISK ManageMentFiskars<a title="FSKRS-20110228-AREN-EJK.pdf page 42" href="http://viewer.zmags.com/publication/784d13e7?page=42">reMuneratIonBoard&rsquo;s remunerationthe annual gene</a> reMuneratIonBoard&rsquo;s remunerationthe annual gene<a title="FSKRS-20110228-AREN-EJK.pdf page 43" href="http://viewer.zmags.com/publication/784d13e7?page=43">Board oF dIrectorSKaj-gustaf Bergh (1955)chair</a> Board oF dIrectorSKaj-gustaf Bergh (1955)chair<a title="FSKRS-20110228-AREN-EJK.pdf page 44" href="http://viewer.zmags.com/publication/784d13e7?page=44">From left to right: Kaj-Gustaf Bergh, Louise From</a> From left to right: Kaj-Gustaf Bergh, Louise From<a title="FSKRS-20110228-AREN-EJK.pdf page 45" href="http://viewer.zmags.com/publication/784d13e7?page=45">executIVe BoardKari Kauniskangas (1962)preside</a> executIVe BoardKari Kauniskangas (1962)preside<a title="FSKRS-20110228-AREN-EJK.pdf page 46" href="http://viewer.zmags.com/publication/784d13e7?page=46">BuSIneSS area ManageMentJaakko autere (1963)pr</a> BuSIneSS area ManageMentJaakko autere (1963)pr<a title="FSKRS-20110228-AREN-EJK.pdf page 47" href="http://viewer.zmags.com/publication/784d13e7?page=47">we deVelopproductSthat leadthe way InFunctIon</a> we deVelopproductSthat leadthe way InFunctIon<a title="FSKRS-20110228-AREN-EJK.pdf page 48" href="http://viewer.zmags.com/publication/784d13e7?page=48">FInancIal StateMentS 201044&ndash;81report by the B</a> FInancIal StateMentS 201044&ndash;81report by the B<a title="FSKRS-20110228-AREN-EJK.pdf page 49" href="http://viewer.zmags.com/publication/784d13e7?page=49">report By the Board oF dIrectorSreport By t</a> report By the Board oF dIrectorSreport By t<a title="FSKRS-20110228-AREN-EJK.pdf page 50" href="http://viewer.zmags.com/publication/784d13e7?page=50"> cash and deposits at the end of theperiod we</a> cash and deposits at the end of theperiod we<a title="FSKRS-20110228-AREN-EJK.pdf page 51" href="http://viewer.zmags.com/publication/784d13e7?page=51">report By the Board oF dIrectorS the wage</a> report By the Board oF dIrectorS the wage<a title="FSKRS-20110228-AREN-EJK.pdf page 52" href="http://viewer.zmags.com/publication/784d13e7?page=52">public accountant Mr. Mauri palvi asresponsible </a> public accountant Mr. Mauri palvi asresponsible <a title="FSKRS-20110228-AREN-EJK.pdf page 53" href="http://viewer.zmags.com/publication/784d13e7?page=53">CONSOLIDATED FINANCIAL STATEMENTS, IFRSCONSOLI</a> CONSOLIDATED FINANCIAL STATEMENTS, IFRSCONSOLI<a title="FSKRS-20110228-AREN-EJK.pdf page 54" href="http://viewer.zmags.com/publication/784d13e7?page=54">CONSOLIDATED BALANCE SHEETM&euro; </a> CONSOLIDATED BALANCE SHEETM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 55" href="http://viewer.zmags.com/publication/784d13e7?page=55">CONSOLIDATED STATEMENT OF CASH FLOWSM&euro; </a> CONSOLIDATED STATEMENT OF CASH FLOWSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 56" href="http://viewer.zmags.com/publication/784d13e7?page=56">STATEMENT OF CHANGES IN CONSOLIDATED EQUITY </a> STATEMENT OF CHANGES IN CONSOLIDATED EQUITY <a title="FSKRS-20110228-AREN-EJK.pdf page 57" href="http://viewer.zmags.com/publication/784d13e7?page=57">NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</a> NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<a title="FSKRS-20110228-AREN-EJK.pdf page 58" href="http://viewer.zmags.com/publication/784d13e7?page=58">hensive income and cash &#64258;ows of foreignsubsidiar</a> hensive income and cash &#64258;ows of foreignsubsidiar<a title="FSKRS-20110228-AREN-EJK.pdf page 59" href="http://viewer.zmags.com/publication/784d13e7?page=59">Residual values and expected useful livesare rea</a> Residual values and expected useful livesare rea<a title="FSKRS-20110228-AREN-EJK.pdf page 60" href="http://viewer.zmags.com/publication/784d13e7?page=60">through pro&#64257;t or loss upon initial recog-nition </a> through pro&#64257;t or loss upon initial recog-nition <a title="FSKRS-20110228-AREN-EJK.pdf page 61" href="http://viewer.zmags.com/publication/784d13e7?page=61">using tax rates enacted or substantivelyenacted </a> using tax rates enacted or substantivelyenacted <a title="FSKRS-20110228-AREN-EJK.pdf page 62" href="http://viewer.zmags.com/publication/784d13e7?page=62">2. SEGMENT INFORMATIONFiskars' operating segment</a> 2. SEGMENT INFORMATIONFiskars' operating segment<a title="FSKRS-20110228-AREN-EJK.pdf page 63" href="http://viewer.zmags.com/publication/784d13e7?page=63">2009 </a> 2009 <a title="FSKRS-20110228-AREN-EJK.pdf page 64" href="http://viewer.zmags.com/publication/784d13e7?page=64">3. NON-RECURRING ANDRESTRUCTURING COSTFiskars </a> 3. NON-RECURRING ANDRESTRUCTURING COSTFiskars <a title="FSKRS-20110228-AREN-EJK.pdf page 65" href="http://viewer.zmags.com/publication/784d13e7?page=65">7. EMPLOYEE BENEFITS ANDNUMBER OF PERSONNELEmp</a> 7. EMPLOYEE BENEFITS ANDNUMBER OF PERSONNELEmp<a title="FSKRS-20110228-AREN-EJK.pdf page 66" href="http://viewer.zmags.com/publication/784d13e7?page=66">Deferred income taxes in the balance sheet2010R</a> Deferred income taxes in the balance sheet2010R<a title="FSKRS-20110228-AREN-EJK.pdf page 67" href="http://viewer.zmags.com/publication/784d13e7?page=67">2009RecognizedDeferred tax assets </a> 2009RecognizedDeferred tax assets <a title="FSKRS-20110228-AREN-EJK.pdf page 68" href="http://viewer.zmags.com/publication/784d13e7?page=68">11. GOODWILLM&euro; </a> 11. GOODWILLM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 69" href="http://viewer.zmags.com/publication/784d13e7?page=69">12. OTHER INTANGIBLE ASSETSM&euro; </a> 12. OTHER INTANGIBLE ASSETSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 70" href="http://viewer.zmags.com/publication/784d13e7?page=70">13. PROPERTY, PLANT AND EQUIPMENT2010 </a> 13. PROPERTY, PLANT AND EQUIPMENT2010 <a title="FSKRS-20110228-AREN-EJK.pdf page 71" href="http://viewer.zmags.com/publication/784d13e7?page=71">14. BIOLOGICAL ASSETSM&euro; </a> 14. BIOLOGICAL ASSETSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 72" href="http://viewer.zmags.com/publication/784d13e7?page=72">17. FINANCIAL ASSETSInvestments at fair value t</a> 17. FINANCIAL ASSETSInvestments at fair value t<a title="FSKRS-20110228-AREN-EJK.pdf page 73" href="http://viewer.zmags.com/publication/784d13e7?page=73">21. SHARE CAPITAL2010 2009 </a> 21. SHARE CAPITAL2010 2009 <a title="FSKRS-20110228-AREN-EJK.pdf page 74" href="http://viewer.zmags.com/publication/784d13e7?page=74">22. FINANCENon-current interest-bearing debt </a> 22. FINANCENon-current interest-bearing debt <a title="FSKRS-20110228-AREN-EJK.pdf page 75" href="http://viewer.zmags.com/publication/784d13e7?page=75">Maturity of liabilitiesAs of December 31, 2010 t</a> Maturity of liabilitiesAs of December 31, 2010 t<a title="FSKRS-20110228-AREN-EJK.pdf page 76" href="http://viewer.zmags.com/publication/784d13e7?page=76">Average interest rates and sensitivity analysis o</a> Average interest rates and sensitivity analysis o<a title="FSKRS-20110228-AREN-EJK.pdf page 77" href="http://viewer.zmags.com/publication/784d13e7?page=77">Fair value of derivativesM&euro; </a> Fair value of derivativesM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 78" href="http://viewer.zmags.com/publication/784d13e7?page=78">Financial risk managementFinancial risks are man</a> Financial risk managementFinancial risks are man<a title="FSKRS-20110228-AREN-EJK.pdf page 79" href="http://viewer.zmags.com/publication/784d13e7?page=79">As of the end of the year, the Group's sales rece</a> As of the end of the year, the Group's sales rece<a title="FSKRS-20110228-AREN-EJK.pdf page 80" href="http://viewer.zmags.com/publication/784d13e7?page=80">Amounts recognized in the Balance SheetM&euro; </a> Amounts recognized in the Balance SheetM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 81" href="http://viewer.zmags.com/publication/784d13e7?page=81">24. PROVISIONSOnerous2010 </a> 24. PROVISIONSOnerous2010 <a title="FSKRS-20110228-AREN-EJK.pdf page 82" href="http://viewer.zmags.com/publication/784d13e7?page=82">26. RELATED PARTY TRANSACTIONSFiskars has no sig</a> 26. RELATED PARTY TRANSACTIONSFiskars has no sig<a title="FSKRS-20110228-AREN-EJK.pdf page 83" href="http://viewer.zmags.com/publication/784d13e7?page=83">27. SUBSIDIARIES AND OTHER PARTICIPATIONSShares</a> 27. SUBSIDIARIES AND OTHER PARTICIPATIONSShares<a title="FSKRS-20110228-AREN-EJK.pdf page 84" href="http://viewer.zmags.com/publication/784d13e7?page=84"> </a> <a title="FSKRS-20110228-AREN-EJK.pdf page 85" href="http://viewer.zmags.com/publication/784d13e7?page=85">FINANCIAL INDICATORSFIVE YEARS IN FIGURES201</a> FINANCIAL INDICATORSFIVE YEARS IN FIGURES201<a title="FSKRS-20110228-AREN-EJK.pdf page 86" href="http://viewer.zmags.com/publication/784d13e7?page=86">SHARE RELATED FIGURES2010 2009</a> SHARE RELATED FIGURES2010 2009<a title="FSKRS-20110228-AREN-EJK.pdf page 87" href="http://viewer.zmags.com/publication/784d13e7?page=87">CALCULATION OF FINANCIAL INDICATORSEarnings bef</a> CALCULATION OF FINANCIAL INDICATORSEarnings bef<a title="FSKRS-20110228-AREN-EJK.pdf page 88" href="http://viewer.zmags.com/publication/784d13e7?page=88">PARENT COMPANY FINANCIAL STATEMENTS, FASPARENT</a> PARENT COMPANY FINANCIAL STATEMENTS, FASPARENT<a title="FSKRS-20110228-AREN-EJK.pdf page 89" href="http://viewer.zmags.com/publication/784d13e7?page=89">PARENT COMPANY BALANCE SHEETM&euro; </a> PARENT COMPANY BALANCE SHEETM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 90" href="http://viewer.zmags.com/publication/784d13e7?page=90">M&euro; </a> M&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 91" href="http://viewer.zmags.com/publication/784d13e7?page=91">PARENT COMPANY STATEMENT OF CASH FLOWSM&euro; </a> PARENT COMPANY STATEMENT OF CASH FLOWSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 92" href="http://viewer.zmags.com/publication/784d13e7?page=92">STATEMENT OF CHANGES IN PARENT COMPANY SHAREHOLDE</a> STATEMENT OF CHANGES IN PARENT COMPANY SHAREHOLDE<a title="FSKRS-20110228-AREN-EJK.pdf page 93" href="http://viewer.zmags.com/publication/784d13e7?page=93">NOTES TO THE FINANCIAL STATEMENTSOF PARENT COMPA</a> NOTES TO THE FINANCIAL STATEMENTSOF PARENT COMPA<a title="FSKRS-20110228-AREN-EJK.pdf page 94" href="http://viewer.zmags.com/publication/784d13e7?page=94">2. NET SALESM&euro; </a> 2. NET SALESM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 95" href="http://viewer.zmags.com/publication/784d13e7?page=95">7. FINANCIAL INCOME AND EXPENSESM&euro; </a> 7. FINANCIAL INCOME AND EXPENSESM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 96" href="http://viewer.zmags.com/publication/784d13e7?page=96">9. INCOME TAXES ITEMSM&euro; </a> 9. INCOME TAXES ITEMSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 97" href="http://viewer.zmags.com/publication/784d13e7?page=97">2009 </a> 2009 <a title="FSKRS-20110228-AREN-EJK.pdf page 98" href="http://viewer.zmags.com/publication/784d13e7?page=98">Shares in subsidiaries Number </a> Shares in subsidiaries Number <a title="FSKRS-20110228-AREN-EJK.pdf page 99" href="http://viewer.zmags.com/publication/784d13e7?page=99">17. SHAREHOLDERS' EQUITYM&euro; </a> 17. SHAREHOLDERS' EQUITYM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 100" href="http://viewer.zmags.com/publication/784d13e7?page=100">18. APPROPRIATIONSM&euro; </a> 18. APPROPRIATIONSM&euro; <a title="FSKRS-20110228-AREN-EJK.pdf page 101" href="http://viewer.zmags.com/publication/784d13e7?page=101">BOARD'S PROPOSALFOR THE ANNUALGENERAL MEETING</a> BOARD'S PROPOSALFOR THE ANNUALGENERAL MEETING<a title="FSKRS-20110228-AREN-EJK.pdf page 102" href="http://viewer.zmags.com/publication/784d13e7?page=102">AUDITORS' REPORTTo the Annual General Meeting</a> AUDITORS' REPORTTo the Annual General Meeting<a title="FSKRS-20110228-AREN-EJK.pdf page 103" href="http://viewer.zmags.com/publication/784d13e7?page=103">SHARES AND SHAREHOLDERSInformation on the sha</a> SHARES AND SHAREHOLDERSInformation on the sha<a title="FSKRS-20110228-AREN-EJK.pdf page 104" href="http://viewer.zmags.com/publication/784d13e7?page=104">Share ownership, December 31, 2010 </a> Share ownership, December 31, 2010 <a title="FSKRS-20110228-AREN-EJK.pdf page 105" href="http://viewer.zmags.com/publication/784d13e7?page=105">ANNUAL REVIEW OFINFORMATION PUBLISHED IN 2010</a> ANNUAL REVIEW OFINFORMATION PUBLISHED IN 2010<a title="FSKRS-20110228-AREN-EJK.pdf page 106" href="http://viewer.zmags.com/publication/784d13e7?page=106">2011 at 3.00 p.m. on the Fiskars Corporation's we</a> 2011 at 3.00 p.m. on the Fiskars Corporation's we<a title="FSKRS-20110228-AREN-EJK.pdf page 107" href="http://viewer.zmags.com/publication/784d13e7?page=107">Fiskars is present in more than 20countries acro</a> Fiskars is present in more than 20countries acro<a title="FSKRS-20110228-AREN-EJK.pdf page 108" href="http://viewer.zmags.com/publication/784d13e7?page=108">InterestedIn learnIngmore about&hellip;h</a> InterestedIn learnIngmore about&hellip;h<a title="FSKRS-20110228-AREN-EJK.pdf page 109" href="http://viewer.zmags.com/publication/784d13e7?page=109">FunctIonalItYInnoVatIondesIgnFiskars corporat</a> FunctIonalItYInnoVatIondesIgnFiskars corporat