Disclosure Of Material Accounting Policy Information [Text Block]

Suominen Oyj - Filing #2160297

Concept	2023-01-01 to 2023-12-31
Disclosure of material accounting policy information [text block]	NOTE 1 Material accounting policy
Description of accounting policy for borrowing costs [text block]	Borrowing costs are capitalized as part of the acquisition
Description of accounting policy for business combinations and goodwill [text block]	The consolidated financial statements include the parent
Description of accounting policy for contingent liabilities and contingent assets [text block]	Accounting principles − contingent liabilities
Description of accounting policy for depreciation expense [text block]	Depreciation periods for property,
Description of accounting policy for derecognition of financial instruments [text block]
Description of accounting policy for derivative financial instruments and hedging [text block]	Accounting principles
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents comprise cash and bank
Description of accounting policy for discounts and rebates [text block]	Some of the customer contracts include a definition of
Description of accounting policy for dividends [text block]	Dividends and other distribution of funds
Description of accounting policy for earnings per share [text block]	Calculation of earnings per share
Description of accounting policy for employee benefits [text block]	Accounting principles − pension benefits and
Description of accounting policy for fair value measurement [text block]
Description of accounting policy for finance income and costs [text block]	Accounting principles
Description of accounting policy for financial assets [text block]	Accounting principles
Description of accounting policy for financial liabilities [text block]	Accounting principles – financial liabilities
Description of accounting policy for foreign currency translation [text block]
Description of accounting policy for government grants [text block]	Government grants
Description of accounting policy for impairment of assets [text block]	If it has been estimated that the credit risk of other
Description of accounting policy for impairment of non-financial assets [text block]	Accounting principles
Description of accounting policy for income tax [text block]	Accounting principles
Description of accounting policy for investments other than investments accounted for using equity method [text block]	Accounting principles
Description of accounting policy for issued capital [text block]	Share capital and number of shares
Description of accounting policy for leases [text block]	Accounting principles
Description of accounting policy for loans and receivables [text block]	Accounting principles – financial assets
Description of accounting policy for measuring inventories [text block]	Accounting principles
Description of accounting policy for intangible assets other than goodwill [text block]	Accounting principles
Description of accounting policy for interest income and expense [text block]	Interest expenses are accrued for and mainly
Description of accounting policy for property, plant and equipment [text block]	Accounting principles
Description of accounting policy for provisions [text block]	Accounting principles related to lease liabilities are
Description of accounting policy for recognition of revenue [text block]	Accounting principles
Description of accounting policy for repairs and maintenance [text block]
Description of accounting policy for segment reporting [text block]	Reportable segments
Description of accounting policy for share-based payment transactions [text block]	Accounting principles
Description of accounting policy for subsidiaries [text block]	Consolidation principles
Description of accounting policy for termination benefits [text block]	Suominen has a defined benefit termination plan in Italy
Description of accounting policy for trade and other payables [text block]
Description of accounting policy for treasury shares [text block]