Aus dem Geschäftsbericht der Rautakirja 2001 & 2002 

Jokerit HC Oyj  

Jokerit HC Oy, 2001

The Jokerit Group is a multi-branch company in the sports and entertainment sector, with a task of offering the public and corporate clients exciting sporting and entertainment events and other functions. Rautakirja owns 36.4% of the parent company Jokerit HC Oyj, and 30% of the subsidiary JHC Arena Holding Oy. For Rautakirja, the primary objects of interest in the Jokerit Group are the company?s multipurpose halls, whose earnings logistics mesh closely with those of the multiscreen cinema complexes owned by the Rautakirja Group?s Finnkino in Finland and the Baltic States. D+J Arena Hamburg GmbH, a company 50%-owned by JHC Arena Holding, is currently building a multipurpose hall in Hamburg, which should be completed and opened at the end of 2002. The estimated aggregate cost of the venture is around EUR 80 million. In order to secure the financing for the venture, Rautakirja has issued guarantees and loan commitments to a total of EUR 29 million. The Jokerit Group has also entered into negotiations for similar halls to be constructed elsewhere in Europe, with the company taking either a consultative role or acting as a developer. The Jokerit Group?s net sales during the year to 30.4.2001 totalled EUR 15.3 million, and the result for the period was negative, with a loss of EUR 2.3 million. The Jokerit Group?s impact on the result for the Rautakirja Group in 2001 was negative at EUR 1.2 million, including both the share of the company?s result and goodwill deprecation made on the acquisition of Jokerit shares.

Jokerit HC Oy, 2002

The Jokerit Group is a multi-branch company in the sports and entertainment sector, with a mission of offering the public and corporate clients exciting sporting and entertainment events and other functions. Rautakirja owns 36.4% of the parent company Jokerit HC Oy, and 30% of the subsidiary JHC Arena Holding Oy. For Rautakirja, the primary objects of interest in the Jokerit Group are the companyís multipurpose halls, whose earnings logistics mesh closely with those of the multiscreen cinema complexes owned by Rautakirjaís Finnkino subsidiary in Finland and the Baltic States. D+J Arena Hamburg GmbH, a company 50%- owned by JHC Arena Holding, built a multipurpose hall in Hamburg, which was opened in November 2002. The aggregate cost of the venture was roughly

EUR 80 million. In order to secure the . financing for the venture, Rautakirja has issued guarantees and loan commitments, totalling EUR 24.2 million at the end of 2002. The Jokerit Group is also involved in negotiations for similar halls to be constructed elsewhere in Europe, with the company taking either a consultative role or acting as a developer. The Jokerit Groupís net sales during the year to 30.4.2002 totalled EUR 17.4 million, and the result for the period was negative, with a loss of EUR 1.7 million. The losses were attributable to poor results on soccer operations and to construction costs incurred in the Hamburg hall project. The Jokerit Groupís impact on the result for the Rautakirja Group in 2002 was negative at EUR -1.7 million, including both the share of the company's result and goodwill deprecation made on the acquisition of Jokerit shares.

 

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