STOCK EXCHANGE RELEASE April 25, 2005 at 4.30 pm
TALENTUM OYJ Malminkatu 30 00100 Helsinki Puhelin 020 442 40 Faksi 020 4424 130 www.talentum.com 1(11)
TALENTUM GROUP’S FINANCIAL INFORMATION FOR 2004 ACCORDING TO IFRS Talentum group has adopted the International Financial Reporting Standards (IFRS) as of 1 January, 2005. Until January 2005 Talentum group reported under Finnish Accounting Standards (FAS). This release describes the preliminary main impacts to the consolidated income statement, balance sheet and key figures. The main differences of IFRS and FAS financial statements are due to: - increase in 2004 profit which is mainly caused by the fact that goodwill amortizations are not applied in IFRS - decrease in the amount of total assets due to impairment loss in goodwill in the opening balance 1 January, 2004 based on the impairment test according to IAS 36 - increase in deferred tax assets caused by the tax loss carry forwards of Satama Interacative group, when valued according to IAS 12 - capitalized renovations that have been reclassified as tangible assets Key figures
Earnings per share Net sales Operating income Equity per share Total equity/total assets
EUR MEUR MEUR EUR %
31.12.2004 IFRS 0.15 120 9.3 0.54 42.34
31.12.2004 FAS 0.08 120 6.7 0.83 48.60
The financial statements and other information have been prepared according to the IFRSs valid on 1 January 2005. IFRS opening balance sheet 1 January, 2004 - Appendix 1 Preliminary IFRS comparison figures quarterly 2004 - Appendix 2 Preliminary IFRS comparison figures 2004 - Appendix 3 The information provided is unaudited.
Additional information Kai Järvikare, CFO tel. +358 (0)20 442 4210 Distribution Helsinki Stock Exchange Principal Media