{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "kone": "http://koneoyj.com/xbrl/2024-12-31", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://koneoyj.com/xbrl/2024-12-31/KONE-2024-12-31.xsd" ] }, "facts": { "fact-8": { "value": "11098400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-9": { "value": "10952300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-10": { "value": "9849500000.0", "decimals": -5, "dimensions": { "concept": "kone:CostsExpensesAndDepreciation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-11": { "value": "9752200000.0", "decimals": -5, "dimensions": { "concept": "kone:CostsExpensesAndDepreciation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-12": { "value": "1249000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-13": { "value": "1200100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-14": { "value": "48300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-15": { "value": "50000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-16": { "value": "43100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-17": { "value": "43900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-18": { "value": "1254100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-19": { "value": "1206100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-20": { "value": "293100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-21": { "value": "274600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-22": { "value": "961000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-23": { "value": "931600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-24": { "value": "951300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-25": { "value": "925800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-26": { "value": "9700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-27": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-28": { "value": "961000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-29": { "value": "931600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-30": { "value": "1.84", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-31": { "value": "1.79", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-32": { "value": "1.84", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-33": { "value": "1.79", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-34": { "value": "961000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-35": { "value": "931600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-36": { "value": "78400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-37": { "value": "-96200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-38": { "value": "-12800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-39": { "value": "15900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-40": { "value": "-3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-41": { "value": "-18100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-42": { "value": "61900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-43": { "value": "-98400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-44": { "value": "-1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-45": { "value": "-23800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-46": { "value": "-8700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-47": { "value": "-17200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-48": { "value": "-10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-49": { "value": "-41000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-50": { "value": "51600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-51": { "value": "-139500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-52": { "value": "1012600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-53": { "value": "792100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-54": { "value": "1002900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-55": { "value": "786300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-56": { "value": "9700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-57": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-58": { "value": "1012600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-59": { "value": "792100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-60": { "value": "1558400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-61": { "value": "1469000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-62": { "value": "333300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-63": { "value": "287200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-64": { "value": "898500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-65": { "value": "779700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-66": { "value": "15000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-67": { "value": "9200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-68": { "value": "365700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-69": { "value": "320200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-70": { "value": "150300000.0", "decimals": -5, "dimensions": { "concept": "kone:SharesAndOtherNonCurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-71": { "value": "101500000.0", "decimals": -5, "dimensions": { "concept": "kone:SharesAndOtherNonCurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-72": { "value": "3321200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-73": { "value": "2966800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-74": { "value": "856700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-75": { "value": "820900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-76": { "value": "2494800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-77": { "value": "2495100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-78": { "value": "693600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentPrepaymentsAndCurrentAccruedIncomeOtherThanCurrentContractAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-79": { "value": "641000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentPrepaymentsAndCurrentAccruedIncomeOtherThanCurrentContractAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-80": { "value": "119000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-81": { "value": "118700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-82": { "value": "1223000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-83": { "value": "1263900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-84": { "value": "576000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-85": { "value": "424500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-86": { "value": "5963100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-87": { "value": "5764000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-88": { "value": "9284300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-89": { "value": "8730800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-90": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-91": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-92": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-93": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-94": { "value": "245700000.0", "decimals": -5, "dimensions": { "concept": "kone:ReserveForInvestedUnrestrictedEquity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-95": { "value": "245700000.0", "decimals": -5, "dimensions": { "concept": "kone:ReserveForInvestedUnrestrictedEquity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-96": { "value": "-25300000.0", "decimals": -5, "dimensions": { "concept": "kone:FairValueAndOtherReserves", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-97": { "value": "-20000000.0", "decimals": -5, "dimensions": { "concept": "kone:FairValueAndOtherReserves", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-98": { "value": "135300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-99": { "value": "69700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-100": { "value": "-105200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-101": { "value": "-96500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-102": { "value": "2449700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-103": { "value": "2386600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-104": { "value": "2866800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-105": { "value": "2752100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-106": { "value": "26300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-107": { "value": "33900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-108": { "value": "2893100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-109": { "value": "2786000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-110": { "value": "700500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-111": { "value": "438700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentFinancialLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-112": { "value": "141400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-113": { "value": "132900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-114": { "value": "87300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-115": { "value": "86300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-116": { "value": "929300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-117": { "value": "657900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-118": { "value": "185900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Provisions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-119": { "value": "196900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Provisions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-120": { "value": "145100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-121": { "value": "116100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCurrentFinancialLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-122": { "value": "2016900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentContractLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-123": { "value": "1915700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentContractLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-124": { "value": "982900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-125": { "value": "927000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-126": { "value": "1986600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Accruals", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-127": { "value": "1993400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Accruals", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-128": { "value": "144400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-129": { "value": "137700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-130": { "value": "5275900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-131": { "value": "5090000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-132": { "value": "9284300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-133": { "value": "8730800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-134": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-135": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-136": { "value": "245700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-137": { "value": "-20000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-138": { "value": "69700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-139": { "value": "-96500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-140": { "value": "2386600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-141": { "value": "33900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-142": { "value": "2786000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-143": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-144": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-145": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-146": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-147": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-148": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-149": { "value": "951300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-150": { "value": "9700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-151": { "value": "961000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-152": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-153": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-154": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-155": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-156": { "value": "78400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-157": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-158": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-159": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-160": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-161": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-162": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-163": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-164": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-165": { "value": "-12800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-166": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-167": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-168": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-169": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-170": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-171": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-172": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-173": { "value": "-3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-174": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-175": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-176": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-177": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-178": { "value": "-3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-179": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-180": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-181": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-182": { "value": "-1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-183": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-184": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-185": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-186": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-187": { "value": "-1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-188": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-189": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-190": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-191": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-192": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-193": { "value": "-8700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-194": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-195": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-196": { "value": "-8700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-197": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-198": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-199": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-200": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-201": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-202": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-203": { "value": "905500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-204": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-205": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-206": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-207": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-208": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-209": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-210": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-211": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-212": { "value": "-8400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-213": { "value": "-17300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-214": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-215": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-216": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-217": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-218": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-219": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-220": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-221": { "value": "25600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-222": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-223": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-224": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-225": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-226": { "value": "245700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-227": { "value": "-25300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-228": { "value": "135300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-229": { "value": "-105200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-230": { "value": "2449700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-231": { "value": "26300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-232": { "value": "2893100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-233": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-234": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-235": { "value": "393100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-236": { "value": "21900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-237": { "value": "150100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-238": { "value": "-79300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-239": { "value": "2184200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-240": { "value": "29900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-241": { "value": "2866500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-242": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-243": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-244": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-245": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-246": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-247": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-248": { "value": "925800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-249": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-250": { "value": "931600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-251": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-252": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-253": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-254": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-255": { "value": "-96200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-256": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-257": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-258": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-259": { "value": "-96200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-260": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-261": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-262": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-263": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-264": { "value": "15900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-265": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-266": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-267": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-268": { "value": "15900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxHedgesOfNetInvestmentsInForeignOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-269": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-270": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-271": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-272": { "value": "-18100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-273": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-274": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-275": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-276": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-277": { "value": "-18100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-278": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-279": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-280": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-281": { "value": "-23800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-282": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-283": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-284": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-285": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-286": { "value": "-23800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-287": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-288": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-289": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-290": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-291": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-292": { "value": "-17200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-293": { "value": "-600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-294": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-295": { "value": "-17800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-296": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-297": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-298": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-299": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-300": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-301": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-302": { "value": "904900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-303": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-304": { "value": "904900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-305": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-306": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-307": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-308": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-309": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-310": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-311": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-312": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-313": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-314": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-315": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-316": { "value": "-147400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-317": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-318": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-319": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-320": { "value": "182100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-321": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-322": { "value": "34700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-323": { "value": "66200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "fact-324": { "value": "100300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "fact-325": { "value": "245700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:ReserveForInvestedUnrestrictedEquityMember", "unit": "iso4217:EUR" } }, "fact-326": { "value": "-20000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "kone:FairValueAndOtherReservesMember", "unit": "iso4217:EUR" } }, "fact-327": { "value": "69700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:EUR" } }, "fact-328": { "value": "-96500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember", "unit": "iso4217:EUR" } }, "fact-329": { "value": "2386600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "fact-330": { "value": "33900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:EUR" } }, "fact-331": { "value": "2786000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-332": { "value": "11233100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReceiptsFromSalesOfGoodsAndRenderingOfServices", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-333": { "value": "11087600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReceiptsFromSalesOfGoodsAndRenderingOfServices", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-334": { "value": "9643800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToSuppliersForGoodsAndServicesAndToAndOnBehalfOfEmployees", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-335": { "value": "9602400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToSuppliersForGoodsAndServicesAndToAndOnBehalfOfEmployees", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-336": { "value": "1589300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-337": { "value": "1485200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-338": { "value": "16200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-339": { "value": "22500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-340": { "value": "25200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-341": { "value": "19100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-342": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-343": { "value": "5400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-344": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-345": { "value": "-62400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-346": { "value": "329900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-347": { "value": "303700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-348": { "value": "1249300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-349": { "value": "1127900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-350": { "value": "168400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-351": { "value": "148200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-352": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-353": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-354": { "value": "119200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-355": { "value": "169200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-356": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-357": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-358": { "value": "-287400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-359": { "value": "-319400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-360": { "value": "962000000.0", "decimals": -5, "dimensions": { "concept": "kone:CashFlowAfterInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-361": { "value": "808500000.0", "decimals": -5, "dimensions": { "concept": "kone:CashFlowAfterInvestingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-362": { "value": "905500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-363": { "value": "904900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-364": { "value": "72400000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeInDepositsAndLoanReceivablesNet", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-365": { "value": "210500000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeInDepositsAndLoanReceivablesNet", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-366": { "value": "149700000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeOfCurrentCreditors", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-367": { "value": "134200000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeOfCurrentCreditors", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-368": { "value": "-189300000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeInNonCurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-369": { "value": "31800000.0", "decimals": -5, "dimensions": { "concept": "kone:ChangeInNonCurrentLiabilities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-370": { "value": "19500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-371": { "value": "800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-372": { "value": "-813000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-373": { "value": "-861300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-374": { "value": "149000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-375": { "value": "-52800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-376": { "value": "424500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-377": { "value": "495500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-378": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-379": { "value": "-18200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-380": { "value": "576000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-381": { "value": "424500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-382": { "value": "1249000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-383": { "value": "1200100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-384": { "value": "-48100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-385": { "value": "-15700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-386": { "value": "292200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-387": { "value": "269400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-388": { "value": "1589300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-389": { "value": "1485200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-390": { "value": "Basis of preparation KONE Corporation is a Finnish, public limited company domiciled in Helsinki, Finland. KONE Corporation and its subsidiaries together form the KONE Group (\u201cKONE\u201d or \u201cthe Group\u201d). KONE is a global leader in the elevator and escalator industry with a purpose to shape the future of cities. KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. KONE moves two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow\u00ae. KONE operates in close to 70 countries around the world , serving close to 600,000 customers. Headquartered in Helsinki, Finland, we have seven global R&D units and 10 manufacturing units in seven countries, as well as a worldwide network of agents and authorized distributors. The consolidated financial statements of KONE Corporation have been prepared in accordance with the IFRS (International Financial Reporting Standards) Accounting Standards as adopted by the EU, observing the standards and interpretations effective on December 31, 2024. KONE has adopted the new standards and interpretations that took effect during the accounting period and are relevant to its operations. The IFRS standards and amendments thereto that took effect in 2024 did not have a material impact on the Group\u2019s consolidated financial statements. IFRS 18 Presentation and Disclosure in Financial Statements, effective for reporting periods beginning on or after January 1, 2027, will replace the standard IAS 1 Presentation of Financial Statements. The standard will have an impact on the presentation of primary financial statements and the accompanying notes of KONE consolidated financial statements. The consolidated financial statements have been prepared for the reporting period of 12 months from January 1 to December 31, 2024 and the basis that the Group will continue to operate as going concern. The financial statements have been authorized for issue by the Board of Directors of KONE Corporation on February 11, 2025. According to the Finnish Companies\u2019 Act the Annual General Meeting has the right to approve, reject or make changes to the financial statements after the publication. The consolidated financial statements are presented in millions of euros and prepared under the historical cost convention except as disclosed in the accounting principles. Further, trade date accounting has been applied to all financial assets and liabilities. Amounts presented in these financial statements have been rounded from exact values and therefore the sum of amounts presented individually can deviate from the presented sum amount calculated based on the exact values. Key figures have been calculated using exact values", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-1": { "value": "KONE Corporation", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-2": { "value": "public limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-3": { "value": "Helsinki, Finland", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-415": { "value": "Finland", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-4": { "value": "KONE Corporation", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-416": { "value": "KONE Corporation", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-417": { "value": "KONE is a global leader in the elevator and escalator industry with a purpose to shape the future of cities. KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-5": { "value": "KONE operates in close to 70 countries around the world ", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-445": { "value": "
Basis of preparation
In this section
This section comprises following information about the
basis of preparation of KONE\u2019s consolidated financial
statements:
\u2022 Basis of preparation
\u2022 Consolidation principles
\u2022 Hyperinflation
\u2022 Segment information
\u2022 Accounting estimates and management
judgements
\u2022 Effects of climate-related matters in financial
statements
Accounting principles are presented in connection with
notes in sections 2\u20136.
Basis of preparation
KONE Corporation is a Finnish, public limited company
domiciled in Helsinki, Finland. KONE Corporation and its
subsidiaries together form the KONE Group (\u201cKONE\u201d or \u201cthe
Group\u201d). KONE is a global leader in the elevator and escalator
industry with a purpose to shape the future of cities. KONE
provides elevators, escalators and automatic building doors,
as well as solutions for maintenance and modernization to
add value to buildings throughout their life cycle. KONE
moves two billion people every day, making their journeys
safe, convenient, and reliable with smart and sustainable
People Flow\u00ae. KONE operates in close to 70 countries
around the world , serving close to 600,000 customers.
Headquartered in Helsinki, Finland, we have seven global
R&D units and 10 manufacturing units in seven countries, as
well as a worldwide network of agents and authorized distributors. The consolidated financial statements of KONE Corporation have been prepared in accordance with the IFRS (International Financial Reporting Standards) Accounting Standards as adopted by the EU, observing the standards and interpretations effective on December 31, 2024. KONE has adopted the new standards and interpretations that took effect during the accounting period and are relevant to its operations. The IFRS standards and amendments thereto that took effect in 2024 did not have a material impact on the Group\u2019s consolidated financial statements. IFRS 18 Presentation and Disclosure in Financial Statements, effective for reporting periods beginning on or after January 1, 2027, will replace the standard IAS 1 Presentation of Financial Statements. The standard will have an impact on the presentation of primary financial statements and the accompanying notes of KONE consolidated financial statements. The consolidated financial statements have been prepared for the reporting period of 12 months from January 1 to December 31, 2024 and the basis that the Group will continue to operate as going concern. The financial statements have been authorized for issue by the Board of Directors of KONE Corporation on February 11, 2025. According to the Finnish Companies\u2019 Act the Annual General Meeting has the right to approve, reject or make changes to the financial statements after the publication. The consolidated financial statements are presented in millions of euros and prepared under the historical cost convention except as disclosed in the accounting principles. Further, trade date accounting has been applied to all financial assets and liabilities. Amounts presented in these financial statements have been rounded from exact values and therefore the sum of amounts presented individually can deviate from the presented sum amount calculated based on the exact values. Key figures have been calculated using exact values. Consolidation principles The consolidated accounts include the parent company and those companies in which the parent company held, directly or indirectly, more than 50 percent of the voting power or had control through management agreements with shareholders holding the majority of the voting power at the end of the reporting period. In addition to these holdings, the consolidated accounts include possible holdings that are of a controlling-right nature (units/companies established for a specific reason). Subsidiaries acquired during the period were included in the consolidated financial statements from the date of acquiring the control, and divested subsidiaries up to the date of loss of control. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired and liabilities assumed, are measured at the acquisition date fair values. The acquisition- related costs are recognized as expenses in the period in which they are incurred. At the acquisition date, the non-controlling interests are valued either at the acquisition date fair values or at non- controlling interests\u2019 proportionate share in the recognized amounts of the identifiable net assets. Consolidated statement of income includes an allocation of net income between the shareholders of the parent company and the non-controlling interest. The allocation of the comprehensive income to the shareholders of the parent company and non-controlling interests is presented in the statement of comprehensive income. Non-controlling interests\u2019 share of total equity is presented separately under total consolidated equity. All inter-corporate transactions, receivables, liabilities and unrealized profits, as well as the distribution of profits within the Group have been eliminated in the consolidated financial statements. Inter-corporate shareholdings have been eliminated using the acquisition method. The results and financial position of foreign operations that have a functional currency different from the presentation currency of the Group, have been translated into the presentation currency as follows: assets and liabilities at the statement of financial position date closing rate, and income and expenses at average exchange rates of the reporting period. The resulting exchange rate differences have been recognized in other comprehensive income. Hyperinflation Following continued growth in inflation rate, the accounting firms and regulatory authorities have based on criteria set-out in IAS 29 classified T\u00fcrkiye as a hyperinflationary economy for reporting periods ending on or after June 30, 2022. KONE is active in both New Building Solutions as well as service business in T\u00fcrkiye through its local subsidiary. KONE has assessed the impact of application of hyperinflationary accounting for the Group concluding that this would be immaterial. Consequently, the consolidated statement of income or statement of financial position does not reflect the impact arising from remeasurement of operations in T\u00fcrkiye for hyperinflation. Segment reporting The profitability of KONE is presented as a single entity. KONE\u2019s business concept is to serve its customers by providing solutions throughout the entire life cycle of the equipment, beginning from the installation of new building solutions to the maintenance and modernization during their life cycle and the full replacement of the equipment. Most of the equipment that are delivered are converted into long-term KONE maintenance contracts. Material operative decisions are made by the Board of Directors of KONE. Such decisions are prepared and presented by the Chairman of the Board and the President and Chief Executive Officer. Due to the business model of KONE, the nature of its operations and its governance structure, the Group as a whole is considered the relevant operating segment to be reported. KONE renewed its operating model in 2023. Related changes in financial reporting and governance implemented in 2024 did not impact KONE\u2019s reportable segments. Accounting estimates and management judgements The preparation of the financial statements in accordance with the IFRS requires management to make judgements, estimates and assumptions that affect the measurement of the reported assets and liabilities and other information, such as contingent assets and liabilities and the recognition of income and expenses in the consolidated statement of income. Although these estimates and assumptions are based on the management\u2019s best knowledge of current events, actual results may differ from the estimates. For KONE the most significant judgements, estimates and assumptions made by the management relate to revenue recognition, especially to defining and determining principles for revenue recognition in project business, to project estimates for long-term major projects, assumptions used in impairment testing, valuation of accounts receivables and inventories, determining the lease term applied in the lease
accounting and recognition of provisions and evaluation of
uncertain tax positions.
Effects of climate-related matters in financial
statements
Climate-related matters have limited direct and indirect
impacts in the following areas of KONE's consolidated
financial statements in 2024:
\u2022 KONE has a sustainability-linked undrawn revolving
credit facility of EUR 850.0 (850.0) million. The
climate-related target impacting the fees of for the
facility is linked to the reduction of KONE\u2019s Scope 1,
2 and 3 greenhouse gas emissions.
\u2022 KONE's long-term incentive plans include a target
related to reducing KONE\u2019s carbon footprint from
Scope 1, 2 and 3 greenhouse gas emissions, and it
has an impact on the share-based payment
amounts.
\u2022 KONE\u2019s investments in low-emission vehicle fleet
have increased the amount of right-of-use assets
and lease liabilities as well as related depreciation
and interest expenses.
\u2022 The climate-related risks and opportunities impact
the cash flow estimates, terminal growth rate and
discount rates used in the goodwill impairment
testing.
\u2022 The general transition towards a low-carbon
economy impact KONE\u2019s revenues, expenses, and
cash flows. Such impact arises particularly through
the demand for energy efficient equipment and the
related cost of sales and R&D expenditure.
Potential future impacts of climate change on the consolidated
financial statements may include, for example, revenues and
cash inflows from increased demand for sustainable offering;
costs and cash flows related to climate change and transition
towards low-carbon economy; capital expenditure in energy-
efficient assets and related depreciation; impairment of assets
due to physical damage from severe weather conditions and
changes in the value of certain financial instruments due to
climate risks. The nature and magnitude of potential future
financial impacts of climate change are difficult to estimate.
None of the separately identifiable financial impacts is
assessed to be material to KONE as of the date of these
financial statements. KONE continues to evaluate its
exposure to climate-related impacts, risks and opportunities,
and these matters will be reflected in consolidated financial
statements, as appropriate .
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-496": { "value": "The consolidated financial statements of KONE Corporation have been prepared in accordance with the IFRS (International Financial Reporting Standards) Accounting Standards as adopted by the EU, observing the standards and interpretations effective on December 31, 2024. KONE has adopted the new standards and interpretations that took effect during the accounting period and are relevant to its operations. The IFRS standards and amendments thereto that took effect in 2024 did not have a material impact on the Group\u2019s consolidated financial statements. IFRS 18 Presentation and Disclosure in Financial Statements, effective for reporting periods beginning on or after January 1, 2027, will replace the standard IAS 1 Presentation of Financial Statements. The standard will have an impact on the presentation of primary financial statements and the accompanying notes of KONE consolidated financial statements. The consolidated financial statements have been prepared for the reporting period of 12 months from January 1 to December 31, 2024 and the basis that the Group will continue to operate as going concern. The financial statements have been authorized for issue by the Board of Directors of KONE Corporation on February 11, 2025. According to the Finnish Companies\u2019 Act the Annual General Meeting has the right to approve, reject or make changes to the financial statements after the publication. The consolidated financial statements are presented in millions of euros and prepared under the historical cost convention except as disclosed in the accounting principles. Further, trade date accounting has been applied to all financial assets and liabilities. Amounts presented in these financial statements have been rounded from exact values and therefore the sum of amounts presented individually can deviate from the presented sum amount calculated based on the exact values. Key figures have been calculated using exact values. Consolidation principles The consolidated accounts include the parent company and those companies in which the parent company held, directly or indirectly, more than 50 percent of the voting power or had control through management agreements with shareholders holding the majority of the voting power at the end of the reporting period. In addition to these holdings, the consolidated accounts include possible holdings that are of a controlling-right nature (units/companies established for a specific reason). Subsidiaries acquired during the period were included in the consolidated financial statements from the date of acquiring the control, and divested subsidiaries up to the date of loss of control. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired and liabilities assumed, are measured at the acquisition date fair values. The acquisition- related costs are recognized as expenses in the period in which they are incurred. At the acquisition date, the non-controlling interests are valued either at the acquisition date fair values or at non- controlling interests\u2019 proportionate share in the recognized amounts of the identifiable net assets. Consolidated statement of income includes an allocation of net income between the shareholders of the parent company and the non-controlling interest. The allocation of the comprehensive income to the shareholders of the parent company and non-controlling interests is presented in the statement of comprehensive income. Non-controlling interests\u2019 share of total equity is presented separately under total consolidated equity. All inter-corporate transactions, receivables, liabilities and unrealized profits, as well as the distribution of profits within the Group have been eliminated in the consolidated financial statements. Inter-corporate shareholdings have been eliminated using the acquisition method. The results and financial position of foreign operations that have a functional currency different from the presentation currency of the Group, have been translated into the presentation currency as follows: assets and liabilities at the statement of financial position date closing rate, and income and expenses at average exchange rates of the reporting period. The resulting exchange rate differences have been recognized in other comprehensive income. Hyperinflation Following continued growth in inflation rate, the accounting firms and regulatory authorities have based on criteria set-out in IAS 29 classified T\u00fcrkiye as a hyperinflationary economy for reporting periods ending on or after June 30, 2022. KONE is active in both New Building Solutions as well as service business in T\u00fcrkiye through its local subsidiary. KONE has assessed the impact of application of hyperinflationary accounting for the Group concluding that this would be immaterial. Consequently, the consolidated statement of income or statement of financial position does not reflect the impact arising from remeasurement of operations in T\u00fcrkiye for hyperinflation. Segment reporting The profitability of KONE is presented as a single entity. KONE\u2019s business concept is to serve its customers by providing solutions throughout the entire life cycle of the equipment, beginning from the installation of new building solutions to the maintenance and modernization during their life cycle and the full replacement of the equipment. Most of the equipment that are delivered are converted into long-term KONE maintenance contracts. Material operative decisions are made by the Board of Directors of KONE. Such decisions are prepared and presented by the Chairman of the Board and the President and Chief Executive Officer. Due to the business model of KONE, the nature of its operations and its governance structure, the Group as a whole is considered the relevant operating segment to be reported. KONE renewed its operating model in 2023. Related changes in financial reporting and governance implemented in 2024 did not impact KONE\u2019s reportable segments. Accounting estimates and management judgements The preparation of the financial statements in accordance with the IFRS requires management to make judgements, estimates and assumptions that affect the measurement of the reported assets and liabilities and other information, such as contingent assets and liabilities and the recognition of income and expenses in the consolidated statement of income. Although these estimates and assumptions are based on the management\u2019s best knowledge of current events, actual results may differ from the estimates. For KONE the most significant judgements, estimates and assumptions made by the management relate to revenue recognition, especially to defining and determining principles for revenue recognition in project business, to project estimates for long-term major projects, assumptions used in impairment testing, valuation of accounts receivables and inventories, determining the lease term applied in the lease accounting and recognition of provisions and evaluation of uncertain tax positions. Effects of climate-related matters in financial statements Climate-related matters have limited direct and indirect impacts in the following areas of KONE's consolidated financial statements in 2024: \u2022 KONE has a sustainability-linked undrawn revolving credit facility of EUR 850.0 (850.0) million. The climate-related target impacting the fees of for the facility is linked to the reduction of KONE\u2019s Scope 1, 2 and 3 greenhouse gas emissions. \u2022 KONE's long-term incentive plans include a target related to reducing KONE\u2019s carbon footprint from Scope 1, 2 and 3 greenhouse gas emissions, and it has an impact on the share-based payment amounts. \u2022 KONE\u2019s investments in low-emission vehicle fleet have increased the amount of right-of-use assets and lease liabilities as well as related depreciation and interest expenses. \u2022 The climate-related risks and opportunities impact the cash flow estimates, terminal growth rate and discount rates used in the goodwill impairment testing. \u2022 The general transition towards a low-carbon economy impact KONE\u2019s revenues, expenses, and cash flows. Such impact arises particularly through the demand for energy efficient equipment and the related cost of sales and R&D expenditure. Potential future impacts of climate change on the consolidated financial statements may include, for example, revenues and cash inflows from increased demand for sustainable offering; costs and cash flows related to climate change and transition towards low-carbon economy; capital expenditure in energy- efficient assets and related depreciation; impairment of assets due to physical damage from severe weather conditions and changes in the value of certain financial instruments due to climate risks. The nature and magnitude of potential future financial impacts of climate change are difficult to estimate. None of the separately identifiable financial impacts is assessed to be material to KONE as of the date of these financial statements. KONE continues to evaluate its exposure to climate-related impacts, risks and opportunities, and these matters will be reflected in consolidated financial statements, as appropriate Accounting principles Revenue recognition Revenue from contracts with KONE\u2019s customers is recognized at an amount that reflects the consideration to which KONE expects to be entitled to in exchange for delivering promised goods or services to a customer. KONE recognizes revenue when or as it satisfies a performance obligation by transferring control on the promised goods or services (performance obligation) to a customer. A performance obligation is a distinct good or service within a contract that a customer can benefit from on a stand- alone basis. For KONE\u2019s New Building Solutions and Modernization contracts, a performance obligation typically means delivery and installation of a single unit, i.e. an elevator, an escalator or other People Flow solution. For KONE\u2019s maintenance contracts, maintenance of a single unit is considered as a distinct performance obligation and for repairs business, typically a service order is a performance obligation for KONE. In New Building Solutions and Modernization contracts, KONE transfers the control of a single unit to a customer over time and, therefore, satisfies the performance obligation and recognizes revenue over time. The transfer of control is initiated when ordered equipment is delivered to a customer site as then the customer has the ability to direct the use of, and obtain substantially all of the remaining benefits from, a unit constructed by KONE. Upon this milestone and onwards up to the project handover, revenue is recognized under the percentage of completion method using a cost-to-cost input method. Based on KONE\u2019s assessment it best depicts the transfer of control on the deliverable to the customer. Percentage of completion is defined as the proportion of an individual performance obligation\u2019s cost incurred to date from the total estimated costs for that particular performance obligation. The percentage of completion method requires accurate estimates of future revenues and costs over the full term of the contracts. These significant estimates form the basis for the amount of revenue to be recognized and include the latest updated estimate of total revenue and costs, adjusted with risks based on historical experience on typical estimation revisions for similar types of contracts. These estimates may materially change due to the stage of completion of the contract, changes in the contract scope, cost estimates and customer\u2019s plans and other factors. Revenues from the rendering of maintenance services and repairs are recognized when the Services have been rendered or over the contract term when the work is being carried out. For maintenance contracts the performance obligation is satisfied over time because the customer simultaneously receives and consumes the benefits provided as KONE performs the Services. Most of KONE\u2019s revenue is derived from fixed-price contracts and, therefore, the amount of revenue to be earned from each contract is determined by reference to those fixed prices. KONE\u2019s customer contracts do not typically contain any significant financing components. In New Building Solutions and Modernization contracts payment terms are typically based on either specific contractual milestones or progress of work performed. In maintenance contracts customers generally pay based on fixed payment schedules. When customer contracts contain multiple performance obligations, the transaction price is allocated to each performance obligation based on the standalone selling prices. Where these are not directly observable, they are estimated based on estimated costs plus margin approach Accounting principles Research and development costs Research and development costs are typically expensed as they incur, because the future economic benefits of new products and development of existing products and services can only be proven after their successful introduction to the market. In 2024, KONE has continued capitalizing development costs specific to two programs Accounting principles
Depreciation and amortization
Depreciation and amortization are recorded on a straight-
line basis over the economic useful lives of the assets, or
over the lease contract periods, when applicable, if
shorter.
Economic useful lives:
Customer-related intangibles
10\u201315 years
Other intangible assets
3\u201310 years
Buildings
5\u201340 years
Machinery and equipment
2\u201315 years
Land
Infinite
Accounting principles Foreign currency transactions and translation The items included in the financial statements are initially recognized in the functional currencies, which are defined for each group subsidiary based on their primary economic environment. The presentation currency of the financial statements is the euro, which is also the functional currency of the parent company. The initial recognition of transactions denominated in foreign currencies in the functional currency takes place at the rate of exchange prevailing at the date of the individual transaction. Foreign currency denominated receivables and liabilities are translated using period end exchange rates. Foreign exchange gains and losses related to business transactions are treated as adjustments within operating income. Foreign exchange gains and losses associated with financing transactions are included in financing income and expenses. The statements of income of foreign subsidiaries, whose functional currency is not the euro, are translated into euros based on the average exchange rate of the accounting period. Items in the statement of financial position, with the exception of net income for the accounting period, are translated into euros at the closing date exchange rates. Exchange rate differences arising from net investments and associated companies in non- euro currency subsidiaries, as well as the exchange rate differences resulting from translating income and expenses at the average rates and assets and liabilities at the closing rate, are recorded in translation differences within equity. Respective changes during the period are presented in other comprehensive income. Exchange rate gains and losses resulting from financial instruments designated as hedges of net assets in foreign subsidiaries have been recognized as translation differences in other comprehensive income. The cumulative translation differences related to foreign operations are reclassified from equity to statement of income upon the disposal of the foreign operation Accounting principles Income tax The Group tax expense includes taxes of subsidiaries based on taxable income for the period, together with tax adjustments for previous periods and changes in deferred taxes. Deferred taxes are provided for temporary differences arising from difference between the tax bases of assets and liabilities and their carrying amounts in financial reporting and measured with enacted tax rates. Typical temporary differences arise from provisions, depreciation and amortization, inter-company inventory margins, defined benefit type post-retirement plans and tax losses carried forward. Deferred tax assets on unused tax losses and other temporary differences are recognized to the extent it is probable that taxable profit is available to offset losses in the future. A deferred tax liability is recognized on the undistributed profits of subsidiaries where such tax is applicable, and it is expected to realize in the foreseeable future. The positions taken in tax returns are evaluated periodically by the management to identify situations in which applicable tax regulation is subject to interpretation. Based on the evaluation, adjustments for the uncertain tax positions are recognized when it is considered more likely than not that certain tax positions will be challenged by the tax authorities. The amounts recorded are based upon the estimated final taxes to be paid to the tax authorities Accounting principles Earnings per share The basic earnings per share figure is calculated by dividing the net income attributable to the shareholders of the parent company by the weighted average number of shares outstanding during the year. Diluted earnings per share is calculated by adjusting the weighted average number of shares by the effect of potential diluting shares due to share-based incentive plans of the Group. KONE has two classes of shares that are both included in the calculation of earnings per share Accounting principles Inventories Inventories are valued at the lower of cost or net realizable value. Raw materials and supplies are valued based on weighted average cost method or at standard cost. Semi- manufactures are valued at production costs. Work in progress includes direct labor and material costs as of the consolidated statement of financial position date with a proportion of indirect costs related to manufacturing and installation allocated to the firm customer order when control has not yet transferred to the customer. Firm customer orders are mainly fixed price contracts with customers for the sale of new equipment or for the modernization of old equipment. An allowance is recorded for obsolete items based on management\u2019s estimate of expected net realizable value Accounts receivable Accounts receivable is recognized when the right to consideration becomes unconditional and are measured at amortized cost. For KONE\u2019s new equipment and modernization contracts, a receivable is typically recognized upon invoicing when the goods are delivered and for KONE maintenance contracts upon invoicing according to customer contract terms and conditions. KONE applies the expected credit loss model to assess impairment loss for the doubtful accounts receivable since the accounts receivable does not contain a significant financing component. To measure the lifetime expected credit losses trade receivables have been grouped based on shared credit risk characteristics and aging category and measured based on historical loss rates adjusted by forward looking estimates and individual assessment. A final impairment loss is recognized when receivership or bankruptcy is confirmed or when it is otherwise obvious that the customer will be unable to meet its payment obligations. Changes in impairment loss for doubtful accounts receivable and final impairment losses are recognized under cost and expenses in the consolidated statement of income. Unbilled contract revenue Unbilled contract revenue relates to consideration for performance obligations satisfied over time in KONE\u2019s new equipment and modernization contracts. It is recognized when the revenue recognized exceeds the amounts billed to the customer and receipt of transaction price is considered to be conditional upon factors other than the passage of time. Unbilled contract revenue is valued at net realizable value and is classified as contract asset and presented under deferred assets in the consolidated statement of financial position. An impairment loss for contract assets is estimated based on lifetime expected credit loss model and individual analysis. Deferred and accrued income on maintenance contracts When revenue recognized exceeds the amounts billed to the customer, an accrued income on maintenance contracts is recognized. It is stated at net realizable value and classified as contract assets and presented under deferred assets in the consolidated statement of financial position. When the amounts billed to the customer exceed the recognized revenue, deferred income on maintenance contracts is recognized. These balances are classified as contract liabilities and are presented under accruals in the consolidated statement of financial position. Advance payments received and deferred revenue Advance payments received and deferred revenue relates to payments received in advance of performance or billing in excess of revenue recognized under KONE\u2019s new equipment and modernization contracts. Advance payments received and deferred revenue are recognized as revenue as (or when) KONE performs under the contracts and are classified as contract liabilities. Other contract assets Other contract assets consist of capitalized costs required to fulfil future performance obligations under long-term maintenance contracts. Such assets include for example the capitalized cost of remote monitoring devices of equipment in KONE's service base. The assets are valued at amortized cost and depreciated over a period of three years or over the underlying contract period, if shorter. Accounting principles Accounting principles Provisions Provisions are recognized when KONE has a current legal or constructive obligation as a result of past event, and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate of the amount of the obligation can be made. Recognition and measurement of a provision generally employs managerial estimates on the probability and the amount of the liability. Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the statement of financial position date. This provision is calculated based on historical experience of levels of repairs and replacements. Provision for claims is recognized when the claim has been received and it is probable that it will be settled, and the settlement amount can be estimated reliably. A provision for business restructuring is recognized only when a detailed and formal plan has been established, there is a valid expectation that such a plan will be carried out and the plan has been communicated. Provisions for onerous (loss) contracts are recognized when it is probable that the costs will exceed the estimated total revenue or other income arising from the contract. The probable loss is recognized as an expense immediately. Other provisions include for example provisions for contractual and other obligations arising from disputes, labor relations or other regulatory matters Accounting principles Deferred taxes Deferred taxes are provided for temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in financial reporting and measured with enacted tax rates. Typical temporary differences arise from revenue recognition, provisions, depreciation and amortization, inter-company inventory margins, defined benefit type post- retirement plans, lease contracts and tax losses carried forward. Deferred tax assets on unused tax losses and other temporary differences are recognized to the extent it is probable that taxable profit is available to take advantage of the asset in the future. A deferred tax liability is recognized on the undistributed profits of subsidiaries where such tax is applicable, and it is expected to realize in the foreseeable future. Deferred tax assets and liabilities are offset for presentation purposes when there is a legally enforceable right to offset income tax receivables against income tax payables and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority Accounting principles Acquisitions Businesses acquired during the period have been combined in the consolidated financial statements from the date when Group has obtained control of the business and divested businesses up to the date when control has ceased. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired, and liabilities assumed, are measured at the acquisition date fair values. The acquisition related costs are recognized as expenses for the period in which they are incurred. At the acquisition date, any non-controlling interest is measured either at the acquisition date fair value or at non- controlling interest\u2019s proportionate share in the recognized amounts of the identifiable net assets. Non-current assets held for sale and discontinued operations The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell Accounting principles Goodwill Acquisitions are accounted for using the acquisition method. Goodwill is calculated as the excess of acquisition cost over the fair values of identified net assets acquired. Goodwill typically represents the value of the acquired market share, business knowledge and the synergies obtained in connection with the acquisition. The carrying amount of goodwill is not amortized but is annually tested for impairment. Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed Accounting principles Intangible assets Intangible assets that are acquired separately are initially measured at cost. These assets are amortized on a straight-line basis over their expected useful lifetime, which does not usually exceed five years. The customer-related intangibles are recognized at acquisition date fair values and are amortized over their useful economic lives, typically ten years. Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation Accounting principles Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and any impairment losses, when applicable. Depreciation is recognized on a straight-line basis over the economic useful lives of the assets or over the lease contract period, if shorter. Economic useful lives are as follows: Buildings Machinery and equipment Land 5\u201340 years 2\u201315 years Infinite Expenditure on repairs and maintenance of property, plant and equipment is recognized as expense when incurred. The carrying amount of any tangible asset is impairment tested (see impairment of assets accounting principles) when an indication of impairment exists. Leases As a lessee, KONE recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments, amounting to the present value of the future lease payments. The value of right-of-use asset corresponds the value of future lease payments at the inception of the lease, discounted with the incremental borrowing rate. Right-of-use assets are depreciated over the contract period or over the useful life of the asset, which is the shorter. An option to extend or terminate the lease contract is included to the lease period when exercising such option is considered highly probable. The cost arising from short- term leases and leases of low value assets are recognized as an expense on a straight-line basis over the contract period Accounting principles Equity and profit distribution The total shareholders\u2019 equity consists of the share capital, the share premium account, the fair value and other reserves, translation differences, the paid-up unrestricted equity reserve, remeasurements of employee benefits and retained earnings. The fair value and other reserves include changes in the fair value of cash flow hedges. Differences arising from the application of the acquisition method on the translation of the net investment in foreign subsidiaries and associated companies are recognized as translation differences. Exchange rate differences resulting from financial instruments intended as hedges of the net assets in foreign subsidiaries are also recognized as translation differences. Actuarial gains and losses arising from revaluation of employee benefits are recognized as remeasurements of employee benefits. The purchase price of own shares purchased by KONE Corporation is deducted from retained earnings. The net income for the accounting period is recognized directly in retained earnings. When KONE Corporation purchases its own shares, the consideration paid and costs directly attributable to the purchase transaction are recognized as a deduction in equity. When such shares are sold, the consideration received, net of directly attributable transaction costs, is included in equity. Profit distribution includes dividends and donations decided by the Shareholders\u2019 Meeting. The dividend and distribution of profits proposed by the Board of Directors of KONE Corporation for the financial year ended, is not deducted from the equity prior to acceptance by a Shareholders\u2019 Meeting Accounting principles Derivative financial instruments and hedge accounting Derivative financial instruments are initially and subsequently recognized at fair value in the statement of financial position. The fair values of foreign exchange forward contracts are calculated by discounting the future cash flows of the contracts with the relevant market interest rate yield curves on the valuation date and by calculating the difference between the discounted values as at the forward contract date and balance sheet date in euros. Currency options are valued as of each reporting date by using the Garman & Kohlhagen option valuation model. At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet Accounting principles Loans Loans payable are in the consolidated statement of financial position presented as part of other financial liabilities. They are measured initially at fair value net of directly attributable transaction costs incurred and are subsequently carried at amortized cost using the effective interest rate method. Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Lease liabilities Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Financial assets Financial assets are classified into three categories: measured at amortized cost, at fair value through other comprehensive income (FVOCI) and at fair value through profit or loss. The classification is made at the time of the original acquisition based on the objective of the business model and the characteristics of contractual cash flows of the investment. KONE assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. All of these financial assets are considered to have low credit risk, and thus the impairment provision assessment is based on 12 months expected losses. Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. Cash and cash equivalents Cash and cash equivalents include cash-in-hand and bank account balances. Bank overdrafts are included in other current liabilities Accounting principles Shares and other non-current financial assets Shares include long-term strategic investments, which are investments in equity instruments that do not have a quoted price in an active market. Shares are classified as investments measured at fair value through other comprehensive income. The fair value is measured using income or market approach valuation techniques under fair value hierarchy level 3. Upon disposal of these investments, any balance within the fair value and other reserves for these investments is reclassified to retained earnings and is not reclassified to the statement of income. Other non-current financial assets are measured at cost. Investment properties Investment properties include properties held by KONE to earn rental income or capital appreciation accounted for under IAS 40. On a longer term KONE expects to sell these assets. Investment properties are measured using the cost model with the carrying value equaling to initial cost less accumulated depreciation and impairment losses. Other non-current receivables Other non-current receivables include credits obtained from residential sector customers in modernization projects. These credits are utilized by netting them against income tax and other related charges becoming payable through regular business activities in the following years and are accounted for under IAS 12. The receivables are subject to review for impairment in reporting periods subsequent to initial recognition. There were no impairment charges recognized during the reporting period. The receivables are not discounted Accounting principles Employee benefits The Group operates various employee benefit plans in accordance with local conditions and practices. The plans are classified as either defined contribution plans or defined benefit plans. The pension plans are generally funded by payments from employees and by the relevant KONE companies. The assets of these plans are generally held in separate insurance companies or trustee-administered funds. Pension costs and liabilities are based on calculations by the local authorities or independent qualified actuaries. Contributions to the defined contribution plans are charged directly to the statement of income in the year to which these contributions relate. For defined benefit plans, pension cost is determined based on the advice of qualified actuaries who carry out a full valuation of the plan on a regular basis using the projected unit credit method. Under this method, the costs of providing pensions are charged to the statement of income so as to spread the regular costs over the working lives of employees. KONE presents the service cost relating to defined benefit obligations in employment expenses while the net interest is presented in financing expenses. The liability arising from the defined benefit post- employment plans is the present value of the defined benefit obligation less the fair value of plan assets. The discount rates used in the actuarial calculations of employee benefits liabilities are adjusted to market rates. Obligations to pay long-term disability benefit, the level of which is dependent on the length of service of the employee, are measured to reflect the probability that payments will be required and the length of service for which it is expected to be made Accounting principles Share-based payments KONE share-based incentive plan structures are targeted to the top management and other key employees of KONE. Pursuant to the plan rules, the potential rewards are settled as a combination of KONE class B shares and/or cash when the criteria set in the terms and conditions for the plan are met. The number of shares earned by participants under the share-based incentive plan structures are determined on gross basis with deduction for taxes made when applicable before delivery of the shares to the participants. The arrangements are equity settled only. The fair value of the share-based payments settled with KONE class B shares has been determined at the grant date and will be recognized as an expense over the vesting period. The total amount to be expensed over the vesting period is determined based on the Group\u2019s estimate of the number of the shares that are expected to be vested by the end of the vesting period. The impact of any non-market vesting conditions has been excluded, but they are included in assumptions about the number of shares that are expected to be distributed. At each statement of financial position date, the Group revises its estimates of the number of shares that are expected to be distributed. It recognizes the impact of the revision of original estimates in the statement of income. The fair value of the cash settled part of share-based payments reward has been determined so that it covers taxes and taxable benefit costs that are incurred. KONE recognizes the impact of the revision of original estimates, if any, in the statement of income ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-6": { "value": "The consolidated financial statements of KONE Corporation have been prepared in accordance with the IFRS (International Financial Reporting Standards) Accounting Standards as adopted by the EU, observing the standards and interpretations effective on December 31, 2024. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-421": { "value": "The consolidated financial statements have been prepared for the reporting period of 12 months from January 1 to December 31, 2024 and the basis that the Group will continue to operate as going concern. The financial statements have been authorized for issue by the Board of Directors of KONE Corporation on February 11, 2025. According to the Finnish Companies\u2019 Act the Annual General Meeting has the right to approve, reject or make changes to the financial statements after the publication. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-391": { "value": "Consolidation principles The consolidated accounts include the parent company and those companies in which the parent company held, directly or indirectly, more than 50 percent of the voting power or had control through management agreements with shareholders holding the majority of the voting power at the end of the reporting period. In addition to these holdings, the consolidated accounts include possible holdings that are of a controlling-right nature (units/companies established for a specific reason). Subsidiaries acquired during the period were included in the consolidated financial statements from the date of acquiring the control, and divested subsidiaries up to the date of loss of control. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired and liabilities assumed, are measured at the acquisition date fair values. The acquisition- related costs are recognized as expenses in the period in which they are incurred. At the acquisition date, the non-controlling interests are valued either at the acquisition date fair values or at non- controlling interests\u2019 proportionate share in the recognized amounts of the identifiable net assets. Consolidated statement of income includes an allocation of net income between the shareholders of the parent company and the non-controlling interest. The allocation of the comprehensive income to the shareholders of the parent company and non-controlling interests is presented in the statement of comprehensive income. Non-controlling interests\u2019 share of total equity is presented separately under total consolidated equity. All inter-corporate transactions, receivables, liabilities and unrealized profits, as well as the distribution of profits within the Group have been eliminated in the consolidated financial statements. Inter-corporate shareholdings have been eliminated using the acquisition method. The results and financial position of foreign operations that have a functional currency different from the presentation currency of the Group, have been translated into the presentation currency as follows: assets and liabilities at the statement of financial position date closing rate, and income and expenses at average exchange rates of the reporting period. The resulting exchange rate differences have been recognized in other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-418": { "value": "The consolidated accounts include the parent company and those companies in which the parent company held, directly or indirectly, more than 50 percent of the voting power or had control through management agreements with shareholders holding the majority of the voting power at the end of the reporting period. In addition to these holdings, the consolidated accounts include possible holdings that are of a controlling-right nature (units/companies established for a specific reason). Subsidiaries acquired during the period were included in the consolidated financial statements from the date of acquiring the control, and divested subsidiaries up to the date of loss of control. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired and liabilities assumed, are measured at the acquisition date fair values. The acquisition- related costs are recognized as expenses in the period in which they are incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-481": { "value": "The results and financial position of foreign operations that have a functional currency different from the presentation currency of the Group, have been translated into the presentation currency as follows: assets and liabilities at the statement of financial position date closing rate, and income and expenses at average exchange rates of the reporting period. The resulting exchange rate differences have been recognized in other comprehensive income. The presentation currency of the financial statements is the euro, which is also the functional currency of the parent company. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-462": { "value": "The results and financial position of foreign operations that have a functional currency different from the presentation currency of the Group, have been translated into the presentation currency as follows: assets and liabilities at the statement of financial position date closing rate, and income and expenses at average exchange rates of the reporting period. The resulting exchange rate differences have been recognized in other comprehensive income. Accounting principles Foreign currency transactions and translation The items included in the financial statements are initially recognized in the functional currencies, which are defined for each group subsidiary based on their primary economic environment. The presentation currency of the financial statements is the euro, which is also the functional currency of the parent company. The initial recognition of transactions denominated in foreign currencies in the functional currency takes place at the rate of exchange prevailing at the date of the individual transaction. Foreign currency denominated receivables and liabilities are translated using period end exchange rates. Foreign exchange gains and losses related to business transactions are treated as adjustments within operating income. Foreign exchange gains and losses associated with financing transactions are included in financing income and expenses. The statements of income of foreign subsidiaries, whose functional currency is not the euro, are translated into euros based on the average exchange rate of the accounting period. Items in the statement of financial position, with the exception of net income for the accounting period, are translated into euros at the closing date exchange rates. Exchange rate differences arising from net investments and associated companies in non- euro currency subsidiaries, as well as the exchange rate differences resulting from translating income and expenses at the average rates and assets and liabilities at the closing rate, are recorded in translation differences within equity. Respective changes during the period are presented in other comprehensive income. Exchange rate gains and losses resulting from financial instruments designated as hedges of net assets in foreign subsidiaries have been recognized as translation differences in other comprehensive income. The cumulative translation differences related to foreign operations are reclassified from equity to statement of income upon the disposal of the foreign operation . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-419": { "value": "Hyperinflation Following continued growth in inflation rate, the accounting firms and regulatory authorities have based on criteria set-out in IAS 29 classified T\u00fcrkiye as a hyperinflationary economy for reporting periods ending on or after June 30, 2022. KONE is active in both New Building Solutions as well as service business in T\u00fcrkiye through its local subsidiary. KONE has assessed the impact of application of hyperinflationary accounting for the Group concluding that this would be immaterial. Consequently, the consolidated statement of income or statement of financial position does not reflect the impact arising from remeasurement of operations in T\u00fcrkiye for hyperinflation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfHyperinflationaryReportingExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-420": { "value": "Segment reporting The profitability of KONE is presented as a single entity. KONE\u2019s business concept is to serve its customers by providing solutions throughout the entire life cycle of the equipment, beginning from the installation of new building solutions to the maintenance and modernization during their life cycle and the full replacement of the equipment. Most of the equipment that are delivered are converted into long-term KONE maintenance contracts. Material operative decisions are made by the Board of Directors of KONE. Such decisions are prepared and presented by the Chairman of the Board and the President and Chief Executive Officer. Due to the business model of KONE, the nature of its operations and its governance structure, the Group as a whole is considered the relevant operating segment to be reported. KONE renewed its operating model in 2023. Related changes in financial reporting and governance implemented in 2024 did not impact KONE\u2019s reportable segments. 2.1 Sales Due to KONE\u2019s business model, the nature of its operations and its governance structure, KONE has one operating segment. KONE\u2019s customer base consists of a large number of customers in several market areas with no significant customer concentration. In 2024, the single biggest customer, residing in China, generated 0.5% of total revenue. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-392": { "value": "Accounting estimates and management judgements The preparation of the financial statements in accordance with the IFRS requires management to make judgements, estimates and assumptions that affect the measurement of the reported assets and liabilities and other information, such as contingent assets and liabilities and the recognition of income and expenses in the consolidated statement of income. Although these estimates and assumptions are based on the management\u2019s best knowledge of current events, actual results may differ from the estimates. For KONE the most significant judgements, estimates and assumptions made by the management relate to revenue recognition, especially to defining and determining principles for revenue recognition in project business, to project estimates for long-term major projects, assumptions used in impairment testing, valuation of accounts receivables and inventories, determining the lease term applied in the lease accounting and recognition of provisions and evaluation of uncertain tax positions.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-422": { "value": "
Accounting principles
Revenue recognition
Revenue from contracts with KONE\u2019s customers is recognized
at an amount that reflects the consideration to which KONE
expects to be entitled to in exchange for delivering promised
goods or services to a customer.
KONE recognizes revenue when or as it satisfies a
performance obligation by transferring control on the promised
goods or services (performance obligation) to a customer.
A performance obligation is a distinct good or service
within a contract that a customer can benefit from on a stand-
alone basis. For KONE\u2019s New Building Solutions and
Modernization contracts, a performance obligation typically
means delivery and installation of a single unit, i.e. an
elevator, an escalator or other People Flow solution. For
KONE\u2019s maintenance contracts, maintenance of a single unit
is considered as a distinct performance obligation and for
repairs business, typically a service order is a performance
obligation for KONE.
In New Building Solutions and Modernization contracts,
KONE transfers the control of a single unit to a customer over
time and, therefore, satisfies the performance obligation and
recognizes revenue over time.
The transfer of control is initiated when ordered equipment
is delivered to a customer site as then the customer has the
ability to direct the use of, and obtain substantially all of the
remaining benefits from, a unit constructed by KONE. Upon
this milestone and onwards up to the project handover,
revenue is recognized under the percentage of completion
method using a cost-to-cost input method. Based on KONE\u2019s
assessment it best depicts the transfer of control on the
deliverable to the customer. Percentage of completion is
defined as the proportion of an individual performance
obligation\u2019s cost incurred to date from the total estimated costs
for that particular performance obligation.
The percentage of completion method requires accurate
estimates of future revenues and costs over the full term of
the contracts. These significant estimates form the basis for
the amount of revenue to be recognized and include the
latest updated estimate of total revenue and costs, adjusted
with risks based on historical experience on typical
estimation revisions for similar types of contracts. These
estimates may materially change due to the stage of
completion of the contract, changes in the contract scope,
cost estimates and customer\u2019s plans and other factors.
Revenues from the rendering of maintenance services and
repairs are recognized when the Services have been
rendered or over the contract term when the work is being
carried out.
For maintenance contracts the performance obligation is
satisfied over time because the customer simultaneously
receives and consumes the benefits provided as KONE
performs the Services.
Most of KONE\u2019s revenue is derived from fixed-price
contracts and, therefore, the amount of revenue to be earned
from each contract is determined by reference to those fixed
prices. KONE\u2019s customer contracts do not typically contain
any significant financing components. In New Building
Solutions and Modernization contracts payment terms are
typically based on either specific contractual milestones or
progress of work performed. In maintenance contracts
customers generally pay based on fixed payment schedules.
When customer contracts contain multiple performance
obligations, the transaction price is allocated to each
performance obligation based on the standalone selling
prices. Where these are not directly observable, they are
estimated based on estimated costs plus margin approach .
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-393": { "value": "
2.1 Sales
Due to KONE\u2019s business model, the nature of its operations
and its governance structure, KONE has one operating
segment.
KONE\u2019s customer base consists of a large number of
customers in several market areas with no significant
customer concentration. In 2024, the single biggest customer,
residing in China, generated 0.5% of total revenue.
Sales by business,
Jan 1\u2013Dec 31,
Jan 1\u2013Dec 31,
MEUR
2024
%
2023
%
New Building Solutions
4,506.9
41
4,921.5
45
Service
4,503.6
41
4,127.0
38
Modernization
2,088.0
19
1,903.8
17
Total
11,098.4
10,952.3
Sales by Area,
Jan 1\u2013Dec 31,
Jan 1\u2013Dec 31,
MEUR
2024
%
2023
%
Americas
2,727.1
25
2,469.4
23
Europe
4,233.8
38
4,000.7
37
APMEA
1,609.3
14
1,470.9
13
Greater China
2,528.2
23
3,011.3
27
Total
11,098.4
10,952.3
Top 10 countries by sales, %
21% 21%
7%
6%
4%
3% 3% 3% 3%
2%
1. China
2. USA
3. Germany
4. France
5. Great Britain
6. Italy
7. India
8. Australia
9. Canada
10. Finland
Accounting principles Revenue recognition Revenue from contracts with KONE\u2019s customers is recognized at an amount that reflects the consideration to which KONE expects to be entitled to in exchange for delivering promised goods or services to a customer. KONE recognizes revenue when or as it satisfies a performance obligation by transferring control on the promised goods or services (performance obligation) to a customer. A performance obligation is a distinct good or service within a contract that a customer can benefit from on a stand- alone basis. For KONE\u2019s New Building Solutions and Modernization contracts, a performance obligation typically means delivery and installation of a single unit, i.e. an elevator, an escalator or other People Flow solution. For KONE\u2019s maintenance contracts, maintenance of a single unit is considered as a distinct performance obligation and for repairs business, typically a service order is a performance obligation for KONE. In New Building Solutions and Modernization contracts, KONE transfers the control of a single unit to a customer over time and, therefore, satisfies the performance obligation and recognizes revenue over time. The transfer of control is initiated when ordered equipment is delivered to a customer site as then the customer has the ability to direct the use of, and obtain substantially all of the remaining benefits from, a unit constructed by KONE. Upon this milestone and onwards up to the project handover, revenue is recognized under the percentage of completion method using a cost-to-cost input method. Based on KONE\u2019s assessment it best depicts the transfer of control on the deliverable to the customer. Percentage of completion is defined as the proportion of an individual performance obligation\u2019s cost incurred to date from the total estimated costs for that particular performance obligation. The percentage of completion method requires accurate estimates of future revenues and costs over the full term of the contracts. These significant estimates form the basis for the amount of revenue to be recognized and include the latest updated estimate of total revenue and costs, adjusted with risks based on historical experience on typical estimation revisions for similar types of contracts. These estimates may materially change due to the stage of completion of the contract, changes in the contract scope, cost estimates and customer\u2019s plans and other factors. Revenues from the rendering of maintenance services and repairs are recognized when the Services have been rendered or over the contract term when the work is being carried out. For maintenance contracts the performance obligation is satisfied over time because the customer simultaneously receives and consumes the benefits provided as KONE performs the Services. Most of KONE\u2019s revenue is derived from fixed-price contracts and, therefore, the amount of revenue to be earned from each contract is determined by reference to those fixed prices. KONE\u2019s customer contracts do not typically contain any significant financing components. In New Building Solutions and Modernization contracts payment terms are typically based on either specific contractual milestones or progress of work performed. In maintenance contracts customers generally pay based on fixed payment schedules. When customer contracts contain multiple performance obligations, the transaction price is allocated to each performance obligation based on the standalone selling prices. Where these are not directly observable, they are estimated based on estimated costs plus margin approach . ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-446": { "value": "2.1 Sales Due to KONE\u2019s business model, the nature of its operations and its governance structure, KONE has one operating segment. KONE\u2019s customer base consists of a large number of customers in several market areas with no significant customer concentration. In 2024, the single biggest customer, residing in China, generated 0.5% of total revenue.
Sales by business,
Jan 1\u2013Dec 31,
Jan 1\u2013Dec 31,
MEUR
2024
%
2023
%
New Building Solutions
4,506.9
41
4,921.5
45
Service
4,503.6
41
4,127.0
38
Modernization
2,088.0
19
1,903.8
17
Total
11,098.4
10,952.3
Sales by Area,
Jan 1\u2013Dec 31,
Jan 1\u2013Dec 31,
MEUR
2024
%
2023
%
Americas
2,727.1
25
2,469.4
23
Europe
4,233.8
38
4,000.7
37
APMEA
1,609.3
14
1,470.9
13
Greater China
2,528.2
23
3,011.3
27
Total
11,098.4
10,952.3
Top 10 countries by sales, % 21% 21% 7% 6% 4% 3% 3% 3% 3% 2% 1. China 2. USA 3. Germany 4. France 5. Great Britain 6. Italy 7. India 8. Australia 9. Canada 10. Finland Accounting principles Revenue recognition Revenue from contracts with KONE\u2019s customers is recognized at an amount that reflects the consideration to which KONE expects to be entitled to in exchange for delivering promised goods or services to a customer. KONE recognizes revenue when or as it satisfies a performance obligation by transferring control on the promised goods or services (performance obligation) to a customer. A performance obligation is a distinct good or service within a contract that a customer can benefit from on a stand- alone basis. For KONE\u2019s New Building Solutions and Modernization contracts, a performance obligation typically means delivery and installation of a single unit, i.e. an elevator, an escalator or other People Flow solution. For KONE\u2019s maintenance contracts, maintenance of a single unit is considered as a distinct performance obligation and for repairs business, typically a service order is a performance obligation for KONE. In New Building Solutions and Modernization contracts, KONE transfers the control of a single unit to a customer over time and, therefore, satisfies the performance obligation and recognizes revenue over time. The transfer of control is initiated when ordered equipment is delivered to a customer site as then the customer has the ability to direct the use of, and obtain substantially all of the remaining benefits from, a unit constructed by KONE. Upon this milestone and onwards up to the project handover, revenue is recognized under the percentage of completion method using a cost-to-cost input method. Based on KONE\u2019s assessment it best depicts the transfer of control on the deliverable to the customer. Percentage of completion is defined as the proportion of an individual performance obligation\u2019s cost incurred to date from the total estimated costs for that particular performance obligation. The percentage of completion method requires accurate estimates of future revenues and costs over the full term of the contracts. These significant estimates form the basis for the amount of revenue to be recognized and include the latest updated estimate of total revenue and costs, adjusted with risks based on historical experience on typical estimation revisions for similar types of contracts. These estimates may materially change due to the stage of completion of the contract, changes in the contract scope, cost estimates and customer\u2019s plans and other factors. Revenues from the rendering of maintenance services and repairs are recognized when the Services have been rendered or over the contract term when the work is being carried out. For maintenance contracts the performance obligation is satisfied over time because the customer simultaneously receives and consumes the benefits provided as KONE performs the Services. Most of KONE\u2019s revenue is derived from fixed-price contracts and, therefore, the amount of revenue to be earned from each contract is determined by reference to those fixed prices. KONE\u2019s customer contracts do not typically contain any significant financing components. In New Building Solutions and Modernization contracts payment terms are typically based on either specific contractual milestones or progress of work performed. In maintenance contracts customers generally pay based on fixed payment schedules. When customer contracts contain multiple performance obligations, the transaction price is allocated to each performance obligation based on the standalone selling prices. Where these are not directly observable, they are estimated based on estimated costs plus margin approach . ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-394": { "value": "2.2 Costs and expenses
Cost and expenses,
MEUR
Note
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Direct materials, supplies and subcontracting
3,947.5
4,168.4
Wages, salaries, and other employment expenses including pensions
5.6
3,907.0
3,656.1
Other production costs
882.4
885.9
Selling, administrative and other expenses
806.0
774.0
Items affecting comparability
54.0
48.3
Depreciation and amortization
2.3
292.2
269.4
Costs, expenses, depreciation and amortization
9,889.1
9,802.2
Other income
39.6
50.0
Total costs, expenses, depreciation and amortization
9,849.5
9,752.2
Research and development costs,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
R&D costs included in total costs
203.6
185.0
As percentage of sales
%
1.8
1.7
Auditors' fee,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Audit (to member firms of Ernst & Young network)
4.3
3.9
Auditors' statements
0.0
-
Tax services
0.4
0.6
Other services
1.7
0.7
Total
6.3
5.2
The majority of expenses of operations arise from direct materials and supplies, as well as cost of subcontracting. Other production costs comprise of logistics, tools and consumables, operative car fleet and traveling as well as other miscellaneous items of direct costs. Selling, administrative and other expenses include costs related to premises, consulting and external services, IT and traveling as well as other miscellaneous administrative costs. Expense arising from leases of low-value assets and short-term leases amounted to EUR 13.0 (12.8) million in 2024. In 2024, items affecting comparability amounted to EUR 54.0 million including EUR 36 million restructuring costs and EUR 18 million expensed development costs as a result of redirecting development activities in alignment with KONE's new strategy. Majority of the items affecting comparability pertain to the restructuring of China operations. In the comparison period, items affecting comparability included restructuring costs and a positive effect recognized on completion of the sale of operations in Russia. Other income comprises rental income, received grants, interest on late payments including cancellation penalties, gains on sale of fixed assets and scrap as well as other miscellaneous income.
Accounting principles
Research and development costs
Research and development costs are typically expensed
as they incur, because the future economic benefits of
new products and development of existing products and
services can only be proven after their successful
introduction to the market. In 2024, KONE has continued
capitalizing development costs specific to two programs .
2.3 Depreciation and amortization
Depreciation and amortization,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Intangible assets:
Customer-related intangibles
46.7
47.0
Other
Tangible assets:
11.5
10.3
Buildings
81.6
80.7
Machinery and equipment
152.4
131.4
Total
292.2
269.4
2.6 Income taxes
Taxes in the statement of income,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Tax expense for current year
332.0
314.3
Change in deferred tax assets and liabilities
-47.1
-45.4
Tax expense for previous years
8.2
5.7
Total
293.1
274.6
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-447": { "value": "2.2 Costs and expenses
Cost and expenses,
MEUR
Note
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Direct materials, supplies and subcontracting
3,947.5
4,168.4
Wages, salaries, and other employment expenses including pensions
5.6
3,907.0
3,656.1
Other production costs
882.4
885.9
Selling, administrative and other expenses
806.0
774.0
Items affecting comparability
54.0
48.3
Depreciation and amortization
2.3
292.2
269.4
Costs, expenses, depreciation and amortization
9,889.1
9,802.2
Other income
39.6
50.0
Total costs, expenses, depreciation and amortization
9,849.5
9,752.2
Research and development costs,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
R&D costs included in total costs
203.6
185.0
As percentage of sales
%
1.8
1.7
Auditors' fee,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Audit (to member firms of Ernst & Young network)
4.3
3.9
Auditors' statements
0.0
-
Tax services
0.4
0.6
Other services
1.7
0.7
Total
6.3
5.2
The majority of expenses of operations arise from direct materials and supplies, as well as cost of subcontracting. Other production costs comprise of logistics, tools and consumables, operative car fleet and traveling as well as other miscellaneous items of direct costs. Selling, administrative and other expenses include costs related to premises, consulting and external services, IT and traveling as well as other miscellaneous administrative costs. Expense arising from leases of low-value assets and short-term leases amounted to EUR 13.0 (12.8) million in 2024. In 2024, items affecting comparability amounted to EUR 54.0 million including EUR 36 million restructuring costs and EUR 18 million expensed development costs as a result of redirecting development activities in alignment with KONE's new strategy. Majority of the items affecting comparability pertain to the restructuring of China operations. In the comparison period, items affecting comparability included restructuring costs and a positive effect recognized on completion of the sale of operations in Russia. Other income comprises rental income, received grants, interest on late payments including cancellation penalties, gains on sale of fixed assets and scrap as well as other miscellaneous income. Accounting principles Research and development costs Research and development costs are typically expensed as they incur, because the future economic benefits of new products and development of existing products and services can only be proven after their successful introduction to the market. In 2024, KONE has continued capitalizing development costs specific to two programs .
Depreciation and amortization,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Intangible assets:
Customer-related intangibles
46.7
47.0
Other
Tangible assets:
11.5
10.3
Buildings
81.6
80.7
Machinery and equipment
152.4
131.4
Total
292.2
269.4
2.6 Income taxes
Taxes in the statement of income,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Tax expense for current year
332.0
314.3
Change in deferred tax assets and liabilities
-47.1
-45.4
Tax expense for previous years
8.2
5.7
Total
293.1
274.6
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-423": { "value": "The majority of expenses of operations arise from direct materials and supplies, as well as cost of subcontracting. Other production costs comprise of logistics, tools and consumables, operative car fleet and traveling as well as other miscellaneous items of direct costs. Selling, administrative and other expenses include costs related to premises, consulting and external services, IT and traveling as well as other miscellaneous administrative costs. Expense arising from leases of low-value assets and short-term leases amounted to EUR 13.0 (12.8) million in 2024. In 2024, items affecting comparability amounted to EUR 54.0 million including EUR 36 million restructuring costs and EUR 18 million expensed development costs as a result of redirecting development activities in alignment with KONE's new strategy. Majority of the items affecting comparability pertain to the restructuring of China operations. In the comparison period, items affecting comparability included restructuring costs and a positive effect recognized on completion of the sale of operations in Russia. Other income comprises rental income, received grants, interest on late payments including cancellation penalties, gains on sale of fixed assets and scrap as well as other miscellaneous income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-482": { "value": "Other income comprises rental income, received grants, interest on late payments including cancellation penalties, gains on sale of fixed assets and scrap as well as other miscellaneous income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-424": { "value": "Accounting principles Research and development costs Research and development costs are typically expensed as they incur, because the future economic benefits of new products and development of existing products and services can only be proven after their successful introduction to the market. In 2024, KONE has continued capitalizing development costs specific to two programs . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-463": { "value": "
Research and development costs,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
R&D costs included in total costs
203.6
185.0
As percentage of sales
%
1.8
1.7
Auditors' fee,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Audit (to member firms of Ernst & Young network)
4.3
3.9
Auditors' statements
0.0
-
Tax services
0.4
0.6
Other services
1.7
0.7
Total
6.3
5.2
The majority of expenses of operations arise from direct materials and supplies, as well as cost of subcontracting. Other production costs comprise of logistics, tools and consumables, operative car fleet and traveling as well as other miscellaneous items of direct costs. Selling, administrative and other expenses include costs related to premises, consulting and external services, IT and traveling as well as other miscellaneous administrative costs. Expense arising from leases of low-value assets and short-term leases amounted to EUR 13.0 (12.8) million in 2024. In 2024, items affecting comparability amounted to EUR 54.0 million including EUR 36 million restructuring costs and EUR 18 million expensed development costs as a result of redirecting development activities in alignment with KONE's new strategy. Majority of the items affecting comparability pertain to the restructuring of China operations. In the comparison period, items affecting comparability included restructuring costs and a positive effect recognized on completion of the sale of operations in Russia. Other income comprises rental income, received grants, interest on late payments including cancellation penalties, gains on sale of fixed assets and scrap as well as other miscellaneous income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-483": { "value": "
Research and development costs,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
R&D costs included in total costs
203.6
185.0
As percentage of sales
%
1.8
1.7
Accounting principles Research and development costs Research and development costs are typically expensed as they incur, because the future economic benefits of new products and development of existing products and services can only be proven after their successful introduction to the market. In 2024, KONE has continued capitalizing development costs specific to two programs . ", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-484": { "value": "
Auditors' fee,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Audit (to member firms of Ernst & Young network)
4.3
3.9
Auditors' statements
0.0
-
Tax services
0.4
0.6
Other services
1.7
0.7
Total
6.3
5.2
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-425": { "value": "
Accounting principles
Depreciation and amortization
Depreciation and amortization are recorded on a straight-
line basis over the economic useful lives of the assets, or
over the lease contract periods, when applicable, if
shorter.
Economic useful lives:
Customer-related intangibles
10\u201315 years
Other intangible assets
3\u201310 years
Buildings
5\u201340 years
Machinery and equipment
2\u201315 years
Land
Infinite
Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and any impairment losses, when applicable. Depreciation is recognized on a straight-line basis over the economic useful lives of the assets or over the lease contract period, if shorter. Economic useful lives are as follows: Buildings Machinery and equipment Land 5\u201340 years 2\u201315 years Infinite ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-464": { "value": "2.3 Depreciation and amortization
Depreciation and amortization,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Intangible assets:
Customer-related intangibles
46.7
47.0
Other
Tangible assets:
11.5
10.3
Buildings
81.6
80.7
Machinery and equipment
152.4
131.4
Total
292.2
269.4
Accounting principles
Depreciation and amortization
Depreciation and amortization are recorded on a straight-
line basis over the economic useful lives of the assets, or
over the lease contract periods, when applicable, if
shorter.
Economic useful lives:
Customer-related intangibles
10\u201315 years
Other intangible assets
3\u201310 years
Buildings
5\u201340 years
Machinery and equipment
2\u201315 years
Land
Infinite
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-395": { "value": "2.4 Foreign exchange sensitivity Foreign exchange risks KONE operates internationally and is thus exposed to risks arising from fluctuations in foreign exchange rates related to currency flows of revenues and expenses (transaction risk) and from the translation of statement of income and statement of financial position of the foreign subsidiaries from respective functional currencies into euros (translation risk). Transaction risks A substantial part of KONE\u2019s operations is denominated in local functional currencies of the subsidiaries and do not therefore give rise to transaction risk. The sales of New Building Solutions and Modernizations, including installation, typically take place in the local currency of the customer. Component and material expenses may occur in other currencies than the sales currency, which exposes KONE to transaction risks. KONE policy is to substantially hedge the foreign exchange exposure of firm commitments and other highly probable future sales and purchases with foreign exchange forward contracts. The business units are responsible for evaluating and hedging the transaction risks in their operations according to the KONE treasury policy. The most significant transaction risk exposures arising from business operations are in the Chinese yuan, Canadian dollar, Australian dollar, United Arab Emirates dirham, and British pound. The majority of the currency forward contracts expire within one year. Hedge accounting is applied in business units, where there are significant revenues or expenses in foreign currency. When hedge accounting is applied, the gains and losses from the hedges are recognized in the statement of income at the same time as the exchange rate gains and losses for the hedged items are recognized. The financial assets and liabilities of KONE subsidiaries are in the local currencies of the subsidiaries whenever possible. In case a subsidiary company has a financial asset or liability in other than its local currency, these assets and liabilities are hedged with foreign exchange forward contracts whenever possible and required by the KONE Treasury Policy. KONE\u2019s internal loans and deposits are primarily initiated in the local currencies of the subsidiaries in which case the possible foreign exchange risks are hedged, by the parent company, using foreign exchange swap contracts.
Sales by currency 1\u201312/2024
Foreign exchange risk sensitivity analysis of financial assets and liabilities The foreign exchange risk sensitivity analysis for the most important currency pairs has been calculated for the KONE companies\u2019 foreign currency denominated financial assets and liabilities, including foreign exchange forward contracts outstanding at the statement of financial position date. The order book or forecasted cash flows are not included. The exposures in the most important currency pairs are disclosed in the table below.
Foreign currency exposure related to foreign currency denominated balance sheet items and derivatives,
MEUR
Against EUR
Against USD
Against CNY
HKD
GBP
SEK
USD
CNY
JPY
Others
Total
CAD
CNY
Others
Total
USD
SGD
Others
Total
Dec 31, 2024
-331
-80
-66
-38
-24
93
-42
-487
-88
-
-4
-93
-303
-62
-128
-493
Dec 31, 2023
-441
-90
-79
-72
73
95
-10
-523
-94
88
-10
-17
-
-55
-123
-178
Accounting principles
Foreign currency transactions and translation
The items included in the financial statements are initially
recognized in the functional currencies, which are defined
for each group subsidiary based on their primary
economic environment.
The presentation currency of the financial statements
is the euro, which is also the functional currency of the
parent company.
The initial recognition of transactions denominated in
foreign currencies in the functional currency takes place
at the rate of exchange prevailing at the date of the
individual transaction. Foreign currency denominated
receivables and liabilities are translated using period end
exchange rates.
Foreign exchange gains and losses related to
business transactions are treated as adjustments within
operating income. Foreign exchange gains and losses
associated with financing transactions are included in
financing income and expenses.
The statements of income of foreign subsidiaries,
whose functional currency is not the euro, are translated
into euros based on the average exchange rate of the
accounting period. Items in the statement of financial
position, with the exception of net income for the
accounting period, are translated into euros at the closing
date exchange rates. Exchange rate differences arising
from net investments and associated companies in non-
euro currency subsidiaries, as well as the exchange rate
differences resulting from translating income and
expenses at the average rates and assets and liabilities
at the closing rate, are recorded in translation differences
within equity.
Respective changes during the period are presented
in other comprehensive income. Exchange rate gains and
losses resulting from financial instruments designated as
hedges of net assets in foreign subsidiaries have been
recognized as translation differences in other
comprehensive income. The cumulative translation
differences related to foreign operations are reclassified
from equity to statement of income upon the disposal of
the foreign operation .
The foreign exchange risk sensitivity analysis presents the
impact of a change in the foreign exchange rates of 10
percent on net income and on equity at the statement of
financial position date. Changes in the equity are mainly
caused by foreign exchange forwards designated in cash flow
hedge accounting. The sensitivity analysis is calculated before
taxes. A 10% change in the foreign exchange rates
(strengthening of the euro, Chinese yuan and US dollar) at the
statement of financial position date would have resulted in an
impact of EUR -72.1 (-31.7) million on the net income and an
impact of EUR 164.1 (103.4) million on equity.
Translation risks
Changes in consolidation exchange rates affect KONE\u2019s
statement of income, statement of cash flows and statement
of financial position, which are presented in euros. As
approximately 73% of KONE\u2019s revenues occur in functional
currencies other than euro, the translation risk is significant for
KONE. A change of 10% in the annual average foreign
exchange rates would have caused a 7.3% (7.4%) change in
2024 consolidated sales in euros. Such a change would have
had a higher impact on KONE\u2019s operating income and
therefore also some impact on KONE\u2019s relative operating
income. The translation of the subsidiaries\u2019 balance sheets
into euros caused translation differences of EUR 78.4 (-96.2)
million in 2024. The translation risk is not hedged as a rule as
KONE\u2019s business consists of continuous operations in various
currency areas. However, in individual cases, KONE can also
hedge translation risk related to net assets of subsidiaries.
The most significant translation risk exposures arising from
business operations are in the Chinese yuan, US dollar,
British pound, Indian rupee and Australian dollar.
Impact of 10% change in the annual average foreign
exchange rates
Impact on sales
Impact on operating
income (EBIT)
Higher impact on
7.3% change in
operating income as
consolidated sales in
compared to sales and
euros
some impact on relative
operating income
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Key exchange rates
Average rate
End rate
Average rate
End rate
Chinese yuan
EUR/CNY
7.7793
7.5833
7.6589
7.8509
US dollar
EUR/USD
1.0826
1.0389
1.0816
1.1050
British pound
EUR/GBP
0.8469
0.8292
0.8702
0.8691
Indian rupee
EUR/INR
90.6243
88.9335
89.3371
91.9045
Australian dollar
EUR/AUD
1.6424
1.6772
1.6297
1.6263
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-448": { "value": "Foreign exchange risks Sales by currency 1\u201312/2024 KONE operates internationally and is thus exposed to risks arising from fluctuations in foreign exchange rates related to currency flows of revenues and expenses (transaction risk) and from the translation of statement of income and statement of financial position of the foreign subsidiaries from respective functional currencies into euros (translation risk). Transaction risks A substantial part of KONE\u2019s operations is denominated in local functional currencies of the subsidiaries and do not therefore give rise to transaction risk. The sales of New Building Solutions and Modernizations, including installation, typically take place in the local currency of the customer. Component and material expenses may occur in other currencies than the sales currency, which exposes KONE to transaction risks. KONE policy is to substantially hedge the foreign exchange exposure of firm commitments and other highly probable future sales and purchases with foreign exchange forward contracts. The business units are responsible for evaluating and hedging the transaction risks in their operations according to the KONE treasury policy. The most significant transaction risk exposures arising from business operations are in the Chinese yuan, Canadian dollar, Australian dollar, United Arab Emirates dirham, and British pound. The majority of the currency forward contracts expire within one year. Hedge accounting is applied in business units, where there are significant revenues or expenses in foreign currency. When hedge accounting is applied, the gains and losses from the hedges are recognized in the statement of income at the same time as the exchange rate gains and losses for the hedged items are recognized. The financial assets and liabilities of KONE subsidiaries are in the local currencies of the subsidiaries whenever possible. In case a subsidiary company has a financial asset or liability in other than its local currency, these assets and liabilities are hedged with foreign exchange forward contracts whenever possible and required by the KONE Treasury Policy. KONE\u2019s internal loans and deposits are primarily initiated in the local currencies of the subsidiaries in which case the possible foreign exchange risks are hedged, by the parent company, using foreign exchange swap contracts. Translation risks Changes in consolidation exchange rates affect KONE\u2019s statement of income, statement of cash flows and statement of financial position, which are presented in euros. As approximately 73% of KONE\u2019s revenues occur in functional currencies other than euro, the translation risk is significant for KONE. A change of 10% in the annual average foreign exchange rates would have caused a 7.3% (7.4%) change in 2024 consolidated sales in euros. Such a change would have had a higher impact on KONE\u2019s operating income and therefore also some impact on KONE\u2019s relative operating income. The translation of the subsidiaries\u2019 balance sheets into euros caused translation differences of EUR 78.4 (-96.2) million in 2024. The translation risk is not hedged as a rule as KONE\u2019s business consists of continuous operations in various currency areas. However, in individual cases, KONE can also hedge translation risk related to net assets of subsidiaries. The most significant translation risk exposures arising from business operations are in the Chinese yuan, US dollar, British pound, Indian rupee and Australian dollar. Interest rate risks KONE\u2019s cash and short-term investments were EUR 1,797.9 (1,687.7) million at the statement of financial position date. At the same time, KONE\u2019s interest-bearing debt was EUR 987.1 (687.8) million and consisted of EUR 834.2 (550.4) million of financial debt including lease liabilities, EUR 9.2 (2.3) million of option liabilities from acquisitions, and EUR 141.4 (132.9) million of employee benefit liabilities. Additionally, KONE had an asset on employee benefits of EUR 15.0 (9.2) million. As KONE\u2019s financial investments are mainly invested in tenors of less than one year, changes in the interest rates do not have any significant impact on their market values. Changes in the interest rates may however impact future interest income. When calculating the interest rate sensitivity analysis, the interest-bearing net financial debt, excluding foreign exchange forward contracts, is assumed to remain on the level of the closing balance of 2024 during the following financial period. The sensitivity analysis presents the impact of a 1 percentage point change in the interest rate level on the net interest income for the financial period by taking into account the net financial debt tied to interest periods of less than one year, EUR -1,853.8 (-1,572.1) million. For 2024 a 1 percentage point change in the interest rate level would mean a change of EUR -18.5 (-15.7) million in net interest income. The interest rate sensitivity is calculated before taxes. A change in interest rates does not have a material impact on the net interest on employee benefits, on financial debt or option liabilities from acquisition. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-396": { "value": "
2.5 Financing income and expenses
Financing income and expenses,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Dividend income \u00b9
0.0
5.4
Interest income:
Change in fair value of interest \u00b2
26.2
19.4
Interest income on foreign exchange rate derivatives
0.0
2.2
Interest income on loan receivables and financial assets
15.2
17.9
Other financing income
1.6
0.2
Exchange rate gains \u00b3
5.2
4.8
Financing income
48.3
50.0
Interest expenses:
Change in fair value of interest \u00b2
-2.2
-
Interest expense on foreign exchange rate derivatives
-2.9
-
Interest expenses on other financial liabilities \u2074
-30.2
-25.3
Other financing expenses \u2075
-5.2
-5.5
Exchange rate losses \u00b3
-2.5
-13.1
Financing expenses
-43.1
-43.9
Total
5.2
6.1
1
Primarily consists of dividend received from TELC in 2023. More information about TELC is available in note 5.4 Shares, deposits and other assets.
2
Change in fair value of interest includes EUR 25.4 (20.8) million relating to interest rate funds measured at fair value through the statement of income.
3
Exchange rate gains and losses include exchange rate differences on loans and other receivables of EUR -38.9 (55.7) million and fair value changes of
foreign exchange derivatives of EUR 41.6 (-64.0) million.
4
Includes interest expenses on the lease liabilities amounting to EUR -23.4 (-15.8) million.
5
Includes
commitment
fees for undrawn revolving credit facilities EUR -0.8 (-0.7) million and banking charges and other expenses EUR -4.3 (-4.8) million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-426": { "value": "2.5 Financing income and expenses
Financing income and expenses,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Dividend income \u00b9
0.0
5.4
Interest income:
Change in fair value of interest \u00b2
26.2
19.4
Interest income on foreign exchange rate derivatives
0.0
2.2
Interest income on loan receivables and financial assets
15.2
17.9
Other financing income
1.6
0.2
Exchange rate gains \u00b3
5.2
4.8
Financing income
48.3
50.0
Interest expenses:
Change in fair value of interest \u00b2
-2.2
-
Interest expense on foreign exchange rate derivatives
-2.9
-
Interest expenses on other financial liabilities \u2074
-30.2
-25.3
Other financing expenses \u2075
-5.2
-5.5
Exchange rate losses \u00b3
-2.5
-13.1
Financing expenses
-43.1
-43.9
Total
5.2
6.1
1 Primarily consists of dividend received from TELC in 2023. More information about TELC is available in note 5.4 Shares, deposits and other assets. 2 Change in fair value of interest includes EUR 25.4 (20.8) million relating to interest rate funds measured at fair value through the statement of income. 3 Exchange rate gains and losses include exchange rate differences on loans and other receivables of EUR -38.9 (55.7) million and fair value changes of foreign exchange derivatives of EUR 41.6 (-64.0) million. 4 Includes interest expenses on the lease liabilities amounting to EUR -23.4 (-15.8) million. 5 Includes commitment fees for undrawn revolving credit facilities EUR -0.8 (-0.7) million and banking charges and other expenses EUR -4.3 (-4.8) million. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-449": { "value": "2.5 Financing income and expenses
Financing income and expenses,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Dividend income \u00b9
0.0
5.4
Interest income:
Change in fair value of interest \u00b2
26.2
19.4
Interest income on foreign exchange rate derivatives
0.0
2.2
Interest income on loan receivables and financial assets
15.2
17.9
Other financing income
1.6
0.2
Exchange rate gains \u00b3
5.2
4.8
Financing income
48.3
50.0
Interest expenses:
Change in fair value of interest \u00b2
-2.2
-
Interest expense on foreign exchange rate derivatives
-2.9
-
Interest expenses on other financial liabilities \u2074
-30.2
-25.3
Other financing expenses \u2075
-5.2
-5.5
Exchange rate losses \u00b3
-2.5
-13.1
Financing expenses
-43.1
-43.9
Total
5.2
6.1
1 Primarily consists of dividend received from TELC in 2023. More information about TELC is available in note 5.4 Shares, deposits and other assets. 2 Change in fair value of interest includes EUR 25.4 (20.8) million relating to interest rate funds measured at fair value through the statement of income. 3 Exchange rate gains and losses include exchange rate differences on loans and other receivables of EUR -38.9 (55.7) million and fair value changes of foreign exchange derivatives of EUR 41.6 (-64.0) million. 4 Includes interest expenses on the lease liabilities amounting to EUR -23.4 (-15.8) million. 5 Includes commitment fees for undrawn revolving credit facilities EUR -0.8 (-0.7) million and banking charges and other expenses EUR -4.3 (-4.8) million. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-465": { "value": "
Taxes in the statement of income,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Tax expense for current year
332.0
314.3
Change in deferred tax assets and liabilities
-47.1
-45.4
Tax expense for previous years
8.2
5.7
Total
293.1
274.6
Reconciliation of income before taxes with total income taxes in the statement of
income,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Income before taxes
1,254.1
1,206.1
Tax calculated at the domestic corporation tax rate (20%)
250.8
241.2
Effect of different tax rates in foreign subsidiaries
17.0
6.5
Permanent differences
-3.7
3.9
Taxes from previous years and reassessment of deferred tax assets
11.7
-3.5
Deferred tax liability on undistributed earnings
13.6
23.6
Other
3.7
2.9
Total
293.1
274.6
Effective tax rate
%
23.4
22.8
Tax rate of parent company
%
20.0
20.0
Pillar 2 legislation entered into force in Finland on January 1, 2024. The Group has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities arising from Pillar 2 income taxes. KONE is in scope of this legislation and has performed an assessment of its potential Exposure of Pillar 2 income taxes taking into consideration the OECD \u201cTransitional Safe Harbour and Penalty Relief\u201d for Pillar 2 purposes. Based on the assessment, most of the jurisdictions in which the Group operates fall under the Safe Harbour rules. The main jurisdictions in which the potential exposure to top-up-tax exist are in the Middle East. The assessment indicates the impact in terms of potential top-up tax to be at the level of EUR 2.2 million.
Accounting principles
Income tax
The Group tax expense includes taxes of subsidiaries
based on taxable income for the period, together with tax
adjustments for previous periods and changes in deferred
taxes. Deferred taxes are provided for temporary
differences arising from difference between the tax bases
of assets and liabilities and their carrying amounts in
financial reporting and measured with enacted tax rates.
Typical temporary differences arise from provisions,
depreciation and amortization, inter-company inventory
margins, defined benefit type post-retirement plans and tax
losses carried forward. Deferred tax assets on unused tax
losses and other temporary differences are recognized to
the extent it is probable that taxable profit is available to
offset losses in the future.
A deferred tax liability is recognized on the undistributed
profits of subsidiaries where such tax is applicable, and it is
expected to realize in the foreseeable future.
The positions taken in tax returns are evaluated
periodically by the management to identify situations in
which applicable tax regulation is subject to interpretation.
Based on the evaluation, adjustments for the uncertain tax
positions are recognized when it is considered more likely
than not that certain tax positions will be challenged by the
tax authorities. The amounts recorded are based upon the
estimated final taxes to be paid to the tax authorities .
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-450": { "value": "Accounting principles Income tax The Group tax expense includes taxes of subsidiaries based on taxable income for the period, together with tax adjustments for previous periods and changes in deferred taxes. Deferred taxes are provided for temporary differences arising from difference between the tax bases of assets and liabilities and their carrying amounts in financial reporting and measured with enacted tax rates. Typical temporary differences arise from provisions, depreciation and amortization, inter-company inventory margins, defined benefit type post-retirement plans and tax losses carried forward. Deferred tax assets on unused tax losses and other temporary differences are recognized to the extent it is probable that taxable profit is available to offset losses in the future. A deferred tax liability is recognized on the undistributed profits of subsidiaries where such tax is applicable, and it is expected to realize in the foreseeable future. The positions taken in tax returns are evaluated periodically by the management to identify situations in which applicable tax regulation is subject to interpretation. Based on the evaluation, adjustments for the uncertain tax positions are recognized when it is considered more likely than not that certain tax positions will be challenged by the tax authorities. The amounts recorded are based upon the estimated final taxes to be paid to the tax authorities . Accounting principles Deferred taxes Deferred taxes are provided for temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in financial reporting and measured with enacted tax rates. Typical temporary differences arise from revenue recognition, provisions, depreciation and amortization, inter-company inventory margins, defined benefit type post- retirement plans, lease contracts and tax losses carried forward. Deferred tax assets on unused tax losses and other temporary differences are recognized to the extent it is probable that taxable profit is available to take advantage of the asset in the future. A deferred tax liability is recognized on the undistributed profits of subsidiaries where such tax is applicable, and it is expected to realize in the foreseeable future. Deferred tax assets and liabilities are offset for presentation purposes when there is a legally enforceable right to offset income tax receivables against income tax payables and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-397": { "value": "
2.7 Earnings per share
Earnings per share,
MEUR or as indicated
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Net income attributable to the shareholders of the parent
company
951.3
925.8
Weighted average number of shares
1,000 shares
517,501
517,217
Basic earnings per share
EUR
1.84
1.79
Dilution effect of share-based incentive plans
1,000 shares
514
378
Weighted average number of shares, dilution adjusted
1,000 shares
518,014
517,595
Diluted earnings per share
EUR
1.84
1.79
Accounting principles
Earnings per share
The basic earnings per share figure is calculated by
dividing the net income attributable to the shareholders of
the parent company by the weighted average number of
shares outstanding during the year. Diluted earnings per
share is calculated by adjusting the weighted average
number of shares by the effect of potential diluting shares
due to share-based incentive plans of the Group. KONE
has two classes of shares that are both included in the
calculation of earnings per share .
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-427": { "value": "Accounting principles Earnings per share The basic earnings per share figure is calculated by dividing the net income attributable to the shareholders of the parent company by the weighted average number of shares outstanding during the year. Diluted earnings per share is calculated by adjusting the weighted average number of shares by the effect of potential diluting shares due to share-based incentive plans of the Group. KONE has two classes of shares that are both included in the calculation of earnings per share . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-398": { "value": "
3.1 Inventories
Inventories,
MEUR
Dec 31, 2024
Dec 31, 2023
Raw materials, supplies and finished goods
364.2
360.7
Work in progress
476.7
441.5
Advance payments
15.9
18.7
Total
856.7
820.9
Accounting principles
Inventories
Inventories are valued at the lower of cost or net realizable
value. Raw materials and supplies are valued based on
weighted average cost method or at standard cost. Semi-
manufactures are valued at production costs.
Work in progress includes direct labor and material costs
as of the consolidated statement of financial position date
with a proportion of indirect costs related to manufacturing
and installation allocated to the firm customer order when
control has not yet transferred to the customer. Firm
customer orders are mainly fixed price contracts with
customers for the sale of new equipment or for the
modernization of old equipment.
An allowance is recorded for obsolete items based on
management\u2019s estimate of expected net realizable value .
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-428": { "value": "Accounting principles Inventories Inventories are valued at the lower of cost or net realizable value. Raw materials and supplies are valued based on weighted average cost method or at standard cost. Semi- manufactures are valued at production costs. Work in progress includes direct labor and material costs as of the consolidated statement of financial position date with a proportion of indirect costs related to manufacturing and installation allocated to the firm customer order when control has not yet transferred to the customer. Firm customer orders are mainly fixed price contracts with customers for the sale of new equipment or for the modernization of old equipment. An allowance is recorded for obsolete items based on management\u2019s estimate of expected net realizable value . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-399": { "value": "3.2 Accounts receivable and contract assets and liabilities Changes in contract assets and liabilities The order book representing the unsatisfied performance obligations with respect to new equipment and modernization contracts stood at EUR 9,058.6 (8,715.7) million as at Dec 31, 2024. The majority of the order book is expected to be recognized as revenue within the next 12 months from the end of the reporting period. However, lead-times especially in the long-term major projects are somewhat longer depending on the size and complexity of the projects. The changes in unbilled contract revenue, advance payments received and deferred revenue follow the developments in business but are also impacted by the normal fluctuation in project progress when applying percentage of completion method for recognition of revenue. Deferred income on maintenance contracts represents the unsatisfied part of transaction price invoiced for maintenance contracts. Typically, this will be recognized as revenue within the next 12 months from the end of the reporting period. No material amounts of revenue were recognized during the reporting period due to changes in transaction prices or changes in estimates for performance obligations partially or fully satisfied in previous years. There were no significant impairment charges recognized during the reporting period for the contract assets. Customer credit risk management Customer credit risks relate to advance payments receivable from customers or to unbilled revenue and accounts receivable related to equipment deliveries or to services rendered. This risk is managed by defining the rules for tendering, payment terms, authorizations and credit control as well as project management controls. Advance payments, documentary credits and guarantees are used in payment terms to minimize customer credit risks. KONE proactively manages its accounts receivable in order to minimize the risk of customer defaults. KONE\u2019s customer base consists of a large number of customers in several market areas and geographic split of receivables and contract assets well mirrors distribution of sales. During the reporting period KONE management has followed particularly closely the credit risks related to Chinese developers .
Accounting principles
Accounts receivable
Accounts receivable is recognized when the right to
consideration becomes unconditional and are measured at
amortized cost. For KONE\u2019s new equipment and modernization
contracts, a receivable is typically recognized upon invoicing
when the goods are delivered and for KONE maintenance
contracts upon invoicing according to customer contract terms
and conditions.
KONE applies the expected credit loss model to assess
impairment loss for the doubtful accounts receivable since the
accounts receivable does not contain a significant financing
component. To measure the lifetime expected credit losses
trade receivables have been grouped based on shared credit
risk characteristics and aging category and measured based on
historical loss rates adjusted by forward looking estimates and
individual assessment. A final impairment loss is recognized
when receivership or bankruptcy is confirmed or when it is
otherwise obvious that the customer will be unable to meet its
payment obligations. Changes in impairment loss for doubtful
accounts receivable and final impairment losses are recognized
under cost and expenses in the consolidated statement of
income.
Unbilled contract revenue
Unbilled contract revenue relates to consideration for
performance obligations satisfied over time in KONE\u2019s new
equipment and modernization contracts. It is recognized when
the revenue recognized exceeds the amounts billed to the
customer and receipt of transaction price is considered to be
conditional upon factors other than the passage of time.
Unbilled contract revenue is valued at net realizable value
and is classified as contract asset and presented under
deferred assets in the consolidated statement of financial
position. An impairment loss for contract assets is estimated
based on lifetime expected credit loss model and individual
analysis.
Deferred and accrued income on maintenance
contracts
When revenue recognized exceeds the amounts billed to
the customer, an accrued income on maintenance
contracts is recognized. It is stated at net realizable value
and classified as contract assets and presented under
deferred assets in the consolidated statement of financial
position. When the amounts billed to the customer exceed
the recognized revenue, deferred income on maintenance
contracts is recognized. These balances are classified as
contract liabilities and are presented under accruals in the
consolidated statement of financial position.
Advance payments received and deferred
revenue
Advance payments received and deferred revenue relates
to payments received in advance of performance or billing
in excess of revenue recognized under KONE\u2019s new
equipment and modernization contracts. Advance
payments received and deferred revenue are recognized
as revenue as (or when) KONE performs under the
contracts and are classified as contract liabilities.
Other contract assets
Other contract assets consist of capitalized costs required
to fulfil future performance obligations under long-term
maintenance contracts. Such assets include for example
the capitalized cost of remote monitoring devices of
equipment in KONE's service base. The assets are valued
at amortized cost and depreciated over a period of three
years or over the underlying contract period, if shorter.
The credit quality of advance payments receivable and
accounts receivable is evaluated according to KONE\u2019s credit
policy. According to this policy, the rules for credit quality
evaluation are set separately for the new equipment business
and the service business. The credit quality is evaluated both
on the basis of the aging of the receivables as well as on the
basis of individual case by case customer analysis in order to
identify customers with a potentially higher credit risk due to
individual customer specific reasons. The bad debt provision
for the accounts receivable is recognized on the basis of this
credit quality evaluation using the expected credit loss model.
As at December 31, 2024, the gross amount of accounts
receivable totaled to EUR 2,953.6 (2,858.2) million. The
amount of bad debt provision recorded to cover doubtful
accounts was EUR 458.8 (363.1) million at the end of the
financial period. Most of the bad debt provision relate to the
oldest receivable aging category. Increase to comparison
period is reflecting increased uncertainties in the Chinese
markets.
Assets and liabilities related to contracts with customer,
MEUR
Note
Dec 31, 2024
Dec 31, 2023
Accounts receivable
2,494.8
2,495.1
Accrued income on maintenance contracts
3.3
45.5
35.1
Unbilled contract revenue
3.3
346.3
337.7
Other contract assets
3.3
3.5
-
Assets related to contracts with customers
2,890.1
2,867.9
Deferred income on maintenance contracts
3.4
418.1
433.3
Advance payments received and deferred revenue
2,016.9
1,915.7
Liabilities related to contracts with customers
2,435.0
2,349.0
Aging of accounts receivable,
MEUR
Dec 31, 2024
Dec 31, 2023
Not past due and less than one month due receivables
1,772.1
1,796.5
Past due 1\u20133 months
313.6
303.6
Past due 3\u20136 months
194.3
176.0
Past due > 6 months
214.8
219.0
Total
2,494.8
2,495.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-429": { "value": "3.2 Accounts receivable and contract assets and liabilities Changes in contract assets and liabilities The order book representing the unsatisfied performance obligations with respect to new equipment and modernization contracts stood at EUR 9,058.6 (8,715.7) million as at Dec 31, 2024. The majority of the order book is expected to be recognized as revenue within the next 12 months from the end of the reporting period. However, lead-times especially in the long-term major projects are somewhat longer depending on the size and complexity of the projects. The changes in unbilled contract revenue, advance payments received and deferred revenue follow the developments in business but are also impacted by the normal fluctuation in project progress when applying percentage of completion method for recognition of revenue. Deferred income on maintenance contracts represents the unsatisfied part of transaction price invoiced for maintenance contracts. Typically, this will be recognized as revenue within the next 12 months from the end of the reporting period. No material amounts of revenue were recognized during the reporting period due to changes in transaction prices or changes in estimates for performance obligations partially or fully satisfied in previous years. There were no significant impairment charges recognized during the reporting period for the contract assets. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-467": { "value": "Customer credit risk management Customer credit risks relate to advance payments receivable from customers or to unbilled revenue and accounts receivable related to equipment deliveries or to services rendered. This risk is managed by defining the rules for tendering, payment terms, authorizations and credit control as well as project management controls. Advance payments, documentary credits and guarantees are used in payment terms to minimize customer credit risks. KONE proactively manages its accounts receivable in order to minimize the risk of customer defaults. KONE\u2019s customer base consists of a large number of customers in several market areas and geographic split of receivables and contract assets well mirrors distribution of sales. During the reporting period KONE management has followed particularly closely the credit risks related to Chinese developers 5.3 Financial risks and instruments KONE\u2019s business activities are exposed to financial risks such as foreign exchange risks, interest rate risks, liquidity risks and credit risks. These financial risks are managed as part of the total KONE risk portfolio. KONE Treasury is responsible for the centralized management of financial risks in accordance with the KONE Treasury Policy approved by the Executive Board. KONE business units manage their financial risks locally in accordance with the KONE Treasury Policy. Financial credit risk KONE has substantial amounts of cash and financial investments. In order to diversify the financial credit risk and manage liquidity risk, funds are invested into highly liquid interest rate funds and deposits with several banks. All open exposures such as cash on bank accounts, investments, deposits and other financial assets, for example derivatives contracts, are included when measuring the financial credit risk exposure. When selecting counterparty banks and other investment targets, only counterparties with high creditworthiness are approved. The size of each limit reflects the creditworthiness of the counterparty. Counterparty creditworthiness is evaluated constantly and the required actions are considered case by case if significant changes in the creditworthiness of a counterparty occur. The fair values of interest rate funds are measured based on market information (fair value hierarchy level 2). Refinancing and liquidity risks KONE\u2019s cash and cash equivalents was EUR 576.0 (424.5) million and financial investments EUR 1,221.9 (1,263.2) million on December 31, 2024. Cash and financial investments are managed centrally by KONE Treasury. Due to local regulations, part of the funds resides in local investments and on decentralized bank accounts in a number of KONE countries. A substantial part of the funds is nevertheless accessible to KONE Treasury. Changes in the local regulations can also in the future have an impact on the location of the cash and financial investments. KONE has a fixed rate loan of EUR 200.0 (200.0) million and a floating rate loan of EUR 200.0 (0.0) million from the European Investment Bank (EIB) for R&D purposes. The fixed rate loan will mature in 2026 and floating rate loan will mature in 2031. The fair value of the loan is estimated based on discounted cash flow method using a current borrowing rate (level 2 fair value hierarchy) as the discount rate. KONE has also an uncommitted commercial paper program of EUR 500.0 (500.0) million and a sustainability-linked revolving credit facility of EUR 850.0 (850.0) million to ensure sufficient liquidity. The sustainability targets included in the facility relate to KONE\u2019s decarbonization and gender diversity commitments. Interest rate risks KONE\u2019s cash and short-term investments were EUR 1,797.9 (1,687.7) million at the statement of financial position date. At the same time, KONE\u2019s interest-bearing debt was EUR 987.1 (687.8) million and consisted of EUR 834.2 (550.4) million of financial debt including lease liabilities, EUR 9.2 (2.3) million of option liabilities from acquisitions, and EUR 141.4 (132.9) million of employee benefit liabilities. Additionally, KONE had an asset on employee benefits of EUR 15.0 (9.2) million. As KONE\u2019s financial investments are mainly invested in tenors of less than one year, changes in the interest rates do not have any significant impact on their market values. Changes in the interest rates may however impact future interest income. When calculating the interest rate sensitivity analysis, the interest-bearing net financial debt, excluding foreign exchange forward contracts, is assumed to remain on the level of the closing balance of 2024 during the following financial period. The sensitivity analysis presents the impact of a 1 percentage point change in the interest rate level on the net interest income for the financial period by taking into account the net financial debt tied to interest periods of less than one year, EUR -1,853.8 (-1,572.1) million. For 2024 a 1 percentage point change in the interest rate level would mean a change of EUR -18.5 (-15.7) million in net interest income. The interest rate sensitivity is calculated before taxes. A change in interest rates does not have a material impact on the net interest on employee benefits, on financial debt or option liabilities from acquisition. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-430": { "value": "Customer credit risk management Customer credit risks relate to advance payments receivable from customers or to unbilled revenue and accounts receivable related to equipment deliveries or to services rendered. This risk is managed by defining the rules for tendering, payment terms, authorizations and credit control as well as project management controls. Advance payments, documentary credits and guarantees are used in payment terms to minimize customer credit risks. KONE proactively manages its accounts receivable in order to minimize the risk of customer defaults. KONE\u2019s customer base consists of a large number of customers in several market areas and geographic split of receivables and contract assets well mirrors distribution of sales. During the reporting period KONE management has followed particularly closely the credit risks related to Chinese developers . The credit quality of advance payments receivable and accounts receivable is evaluated according to KONE\u2019s credit policy. According to this policy, the rules for credit quality evaluation are set separately for the new equipment business and the service business. The credit quality is evaluated both on the basis of the aging of the receivables as well as on the basis of individual case by case customer analysis in order to identify customers with a potentially higher credit risk due to individual customer specific reasons. The bad debt provision for the accounts receivable is recognized on the basis of this credit quality evaluation using the expected credit loss model. As at December 31, 2024, the gross amount of accounts receivable totaled to EUR 2,953.6 (2,858.2) million. The amount of bad debt provision recorded to cover doubtful accounts was EUR 458.8 (363.1) million at the end of the financial period. Most of the bad debt provision relate to the oldest receivable aging category. Increase to comparison period is reflecting increased uncertainties in the Chinese markets. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-451": { "value": "Accounts receivable Accounts receivable is recognized when the right to consideration becomes unconditional and are measured at amortized cost. For KONE\u2019s new equipment and modernization contracts, a receivable is typically recognized upon invoicing when the goods are delivered and for KONE maintenance contracts upon invoicing according to customer contract terms and conditions. KONE applies the expected credit loss model to assess impairment loss for the doubtful accounts receivable since the accounts receivable does not contain a significant financing component. To measure the lifetime expected credit losses trade receivables have been grouped based on shared credit risk characteristics and aging category and measured based on historical loss rates adjusted by forward looking estimates and individual assessment. A final impairment loss is recognized when receivership or bankruptcy is confirmed or when it is otherwise obvious that the customer will be unable to meet its payment obligations. Changes in impairment loss for doubtful accounts receivable and final impairment losses are recognized under cost and expenses in the consolidated statement of income. Accounting principles Derivative financial instruments and hedge accounting Derivative financial instruments are initially and subsequently recognized at fair value in the statement of financial position. The fair values of foreign exchange forward contracts are calculated by discounting the future cash flows of the contracts with the relevant market interest rate yield curves on the valuation date and by calculating the difference between the discounted values as at the forward contract date and balance sheet date in euros. Currency options are valued as of each reporting date by using the Garman & Kohlhagen option valuation model. At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet . Accounting principles Loans Loans payable are in the consolidated statement of financial position presented as part of other financial liabilities. They are measured initially at fair value net of directly attributable transaction costs incurred and are subsequently carried at amortized cost using the effective interest rate method. Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Lease liabilities Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Financial assets Financial assets are classified into three categories: measured at amortized cost, at fair value through other comprehensive income (FVOCI) and at fair value through profit or loss. The classification is made at the time of the original acquisition based on the objective of the business model and the characteristics of contractual cash flows of the investment. KONE assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. All of these financial assets are considered to have low credit risk, and thus the impairment provision assessment is based on 12 months expected losses. Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. Cash and cash equivalents Cash and cash equivalents include cash-in-hand and bank account balances. Bank overdrafts are included in other current liabilities . Accounting principles Shares and other non-current financial assets Shares include long-term strategic investments, which are investments in equity instruments that do not have a quoted price in an active market. Shares are classified as investments measured at fair value through other comprehensive income. The fair value is measured using income or market approach valuation techniques under fair value hierarchy level 3. Upon disposal of these investments, any balance within the fair value and other reserves for these investments is reclassified to retained earnings and is not reclassified to the statement of income. Other non-current financial assets are measured at cost. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-493": { "value": "KONE applies the expected credit loss model to assess impairment loss for the doubtful accounts receivable since the accounts receivable does not contain a significant financing component. To measure the lifetime expected credit losses trade receivables have been grouped based on shared credit risk characteristics and aging category and measured based on historical loss rates adjusted by forward looking estimates and individual assessment. A final impairment loss is recognized when receivership or bankruptcy is confirmed or when it is otherwise obvious that the customer will be unable to meet its payment obligations. Changes in impairment loss for doubtful accounts receivable and final impairment losses are recognized under cost and expenses in the consolidated statement of income. KONE assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. All of these financial assets are considered to have low credit risk, and thus the impairment provision assessment is based on 12 months expected losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-431": { "value": "Accounting principles Accounts receivable Accounts receivable is recognized when the right to consideration becomes unconditional and are measured at amortized cost. For KONE\u2019s new equipment and modernization contracts, a receivable is typically recognized upon invoicing when the goods are delivered and for KONE maintenance contracts upon invoicing according to customer contract terms and conditions. KONE applies the expected credit loss model to assess impairment loss for the doubtful accounts receivable since the accounts receivable does not contain a significant financing component. To measure the lifetime expected credit losses trade receivables have been grouped based on shared credit risk characteristics and aging category and measured based on historical loss rates adjusted by forward looking estimates and individual assessment. A final impairment loss is recognized when receivership or bankruptcy is confirmed or when it is otherwise obvious that the customer will be unable to meet its payment obligations. Changes in impairment loss for doubtful accounts receivable and final impairment losses are recognized under cost and expenses in the consolidated statement of income. Unbilled contract revenue Unbilled contract revenue relates to consideration for performance obligations satisfied over time in KONE\u2019s new equipment and modernization contracts. It is recognized when the revenue recognized exceeds the amounts billed to the customer and receipt of transaction price is considered to be conditional upon factors other than the passage of time. Unbilled contract revenue is valued at net realizable value and is classified as contract asset and presented under deferred assets in the consolidated statement of financial position. An impairment loss for contract assets is estimated based on lifetime expected credit loss model and individual analysis. Deferred and accrued income on maintenance contracts When revenue recognized exceeds the amounts billed to the customer, an accrued income on maintenance contracts is recognized. It is stated at net realizable value and classified as contract assets and presented under deferred assets in the consolidated statement of financial position. When the amounts billed to the customer exceed the recognized revenue, deferred income on maintenance contracts is recognized. These balances are classified as contract liabilities and are presented under accruals in the consolidated statement of financial position. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-466": { "value": "Accounting principles Accounts receivable Accounts receivable is recognized when the right to consideration becomes unconditional and are measured at amortized cost. For KONE\u2019s new equipment and modernization contracts, a receivable is typically recognized upon invoicing when the goods are delivered and for KONE maintenance contracts upon invoicing according to customer contract terms and conditions. KONE applies the expected credit loss model to assess impairment loss for the doubtful accounts receivable since the accounts receivable does not contain a significant financing component. To measure the lifetime expected credit losses trade receivables have been grouped based on shared credit risk characteristics and aging category and measured based on historical loss rates adjusted by forward looking estimates and individual assessment. A final impairment loss is recognized when receivership or bankruptcy is confirmed or when it is otherwise obvious that the customer will be unable to meet its payment obligations. Changes in impairment loss for doubtful accounts receivable and final impairment losses are recognized under cost and expenses in the consolidated statement of income. Financial assets Financial assets are classified into three categories: measured at amortized cost, at fair value through other comprehensive income (FVOCI) and at fair value through profit or loss. The classification is made at the time of the original acquisition based on the objective of the business model and the characteristics of contractual cash flows of the investment. KONE assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. All of these financial assets are considered to have low credit risk, and thus the impairment provision assessment is based on 12 months expected losses. Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-400": { "value": "
3.4 Accruals
Accruals,
MEUR
Note
Dec 31, 2024
Dec 31, 2023
Accrued interests
2.6
1.7
Deferred income on maintenance contracts
3.2
418.1
433.3
Late cost accruals \u00b9
212.0
261.3
Accrued salaries, wages and employment costs
625.8
583.8
Derivative liabilities
5.3
44.5
28.5
Value added tax liabilities
75.1
100.5
Accruals on acquisitions
26.7
29.1
Other accruals
581.8
555.3
Total
1,986.6
1,993.4
\u00b9
Includes accrual for invoices still pending to be received on completed New Building Solutions and Modernization contracts.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-401": { "value": "
3.3 Deferred assets
Deferred assets,
MEUR
Note
Dec 31, 2024
Dec 31, 2023
Deferred interests
1.9
2.4
Accrued income on maintenance contracts
3.2
45.5
35.1
Unbilled contract revenue
3.2
346.3
337.7
Derivative assets
5.3
44.4
11.5
Value added tax assets
78.3
72.5
Prepaid expenses and other receivables
173.7
181.8
Other contract assets
3.2
3.5
-
Total
693.6
641.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-402": { "value": "
3.5 Provisions
Jan 1\u2013Dec 31, 2024
Provision for
Provision
Changes in provisions,
Provision
Provision
business
for loss
Other
MEUR
for warranty
for claims
restructuring
contracts
provisions
Total
Total provisions at beginning of period
74.0
8.2
26.4
48.3
40.0
196.9
Translation differences
1.1
0.0
0.5
1.2
0.6
3.3
Increase
16.9
2.9
26.9
50.5
20.4
117.6
Provisions used
-14.3
-2.0
-16.4
-46.1
-8.9
-87.7
Reversal of provisions
-14.0
-3.7
-6.2
-9.3
-12.2
-45.5
Companies acquired
0.0
0.2
0.3
0.0
0.9
1.4
Total provisions at end of period
63.6
5.5
31.4
44.5
40.9
185.9
of which non-current
42.0
of which current
143.9
Jan 1\u2013Dec 31, 2023
Changes in provisions,
Provision for
Provision
Provision
Provision
business
for loss
Other
MEUR
for warranty
for claims
restructuring
contracts
provisions
Total
Total provisions at beginning of period
64.8
8.4
14.9
46.2
43.0
177.4
Translation differences
-2.1
-0.4
-0.2
-1.9
-1.0
-5.6
Increase
27.9
2.5
30.8
41.1
21.1
123.3
Provisions used
-15.8
-1.5
-15.9
-28.0
-5.5
-66.6
Reversal of provisions
-1.5
-1.2
-3.3
-9.3
-17.7
-33.0
Companies acquired
0.6
0.4
-
0.2
0.2
1.4
Total provisions at end of period
74.0
8.2
26.4
48.3
40.0
196.9
of which non-current
46.5
of which current
150.4
Accounting principles
Provisions
Provisions are recognized when KONE has a current
legal or constructive obligation as a result of past
event, and it is probable that an outflow of resources
will be required to settle the obligation and a reliable
estimate of the amount of the obligation can be made.
Recognition and measurement of a provision
generally employs managerial estimates on the
probability and the amount of the liability.
Provisions for warranties cover the estimated
liability to repair or replace products still under
warranty at the statement of financial position date.
This provision is calculated based on historical
experience of levels of repairs and replacements.
Provision for claims is recognized when the claim
has been received and it is probable that it will be
settled, and the settlement amount can be estimated
reliably.
A provision for business restructuring is
recognized only when a detailed and formal plan has
been established, there is a valid expectation that
such a plan will be carried out and the plan has been
communicated.
Provisions for onerous (loss) contracts are
recognized when it is probable that the costs will
exceed the estimated total revenue or other income
arising from the contract. The probable loss is
recognized as an expense immediately.
Other provisions include for example provisions for
contractual and other obligations arising from
disputes, labor relations or other regulatory matters .
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-432": { "value": "Accounting principles Provisions Provisions are recognized when KONE has a current legal or constructive obligation as a result of past event, and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate of the amount of the obligation can be made. Recognition and measurement of a provision generally employs managerial estimates on the probability and the amount of the liability. Provisions for warranties cover the estimated liability to repair or replace products still under warranty at the statement of financial position date. This provision is calculated based on historical experience of levels of repairs and replacements. Provision for claims is recognized when the claim has been received and it is probable that it will be settled, and the settlement amount can be estimated reliably. A provision for business restructuring is recognized only when a detailed and formal plan has been established, there is a valid expectation that such a plan will be carried out and the plan has been communicated. Provisions for onerous (loss) contracts are recognized when it is probable that the costs will exceed the estimated total revenue or other income arising from the contract. The probable loss is recognized as an expense immediately. Other provisions include for example provisions for contractual and other obligations arising from disputes, labor relations or other regulatory matters . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-433": { "value": "
Accounting principles
Deferred taxes
Deferred taxes are provided for temporary differences
arising between the tax bases of assets and liabilities
and their carrying amounts in financial reporting and
measured with enacted tax rates. Typical temporary
differences arise from revenue recognition, provisions,
depreciation and amortization, inter-company
inventory margins, defined benefit type post-
retirement plans, lease contracts and tax losses
carried forward. Deferred tax assets on unused tax
losses and other temporary differences are
recognized to the extent it is probable that taxable
profit is available to take advantage of the asset in the
future.
A deferred tax liability is recognized on the
undistributed profits of subsidiaries where such tax is
applicable, and it is expected to realize in the
foreseeable future. Deferred tax assets and liabilities
are offset for presentation purposes when there is a
legally enforceable right to offset income tax
receivables against income tax payables and when
the deferred tax assets and liabilities relate to income
taxes levied by the same taxation authority .
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-403": { "value": "
3.6 Deferred tax assets and liabilities
Deferred tax assets by category,
MEUR
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Tax losses carried forward
2.5
1.2
1.1
Provisions and accruals
311.6
297.3
270.2
Post-retirement obligations
15.8
9.2
15.9
Inventory
32.5
30.0
23.9
Property, plant and equipment
14.0
13.3
13.2
Other temporary differences
103.3
87.3
90.0
Offset against deferred tax liabilities
-114.0
-118.1
-106.7
Total
365.7
320.2
307.5
Changes in deferred tax assets during the period,
MEUR
Dec 31, 2024
Dec 31, 2023
Total at beginning of period
320.2
307.5
Translation differences
7.3
-16.7
Change in statement of income
31.7
21.2
Charged or credited to equity
2.1
2.0
Acquisitions, divestments and other
4.5
6.1
Total at end of period
365.7
320.2
Deferred tax liabilities by category,
MEUR
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Property, plant and equipment
12.5
22.7
21.5
Goodwill and intangible assets
87.1
88.1
85.3
Other temporary differences
101.7
93.6
84.7
Offset against deferred tax assets
-114.0
-118.1
-106.7
Total
87.3
86.3
84.8
Changes in deferred tax liabilities during the period,
MEUR
Dec 31, 2024
Dec 31, 2023
Total at beginning of period
86.3
84.8
Translation difference
4.8
5.0
Change in statement of income
-15.4
-24.2
Acquisitions, divestments and other
11.6
20.8
Total at end of period
87.3
86.3
Net deferred tax assets and liabilities
278.4
233.9
Accounting principles Deferred taxes Deferred taxes are provided for temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in financial reporting and measured with enacted tax rates. Typical temporary differences arise from revenue recognition, provisions, depreciation and amortization, inter-company inventory margins, defined benefit type post- retirement plans, lease contracts and tax losses carried forward. Deferred tax assets on unused tax losses and other temporary differences are recognized to the extent it is probable that taxable profit is available to take advantage of the asset in the future. A deferred tax liability is recognized on the undistributed profits of subsidiaries where such tax is applicable, and it is expected to realize in the foreseeable future. Deferred tax assets and liabilities are offset for presentation purposes when there is a legally enforceable right to offset income tax receivables against income tax payables and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority . ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-404": { "value": "4.1 Acquisitions and divestments Acquisitions KONE completed 29 (25) acquisitions during 2024 for a total consideration of EUR 125.6 (190.3) million. The acquired businesses are specialized in the elevator, escalator and automatic building door businesses and are predominantly located in Europe. The acquisitions completed during the financial period were not material individually or as a whole to KONE\u2019s 2024 financial statements. The sales consolidated from the companies acquired during 2024 did not have a material impact on KONE\u2019s sales for the financial period. Of the total consideration, based on provisional assessments, EUR 67.8 million was allocated to customer-related intangibles in other intangible assets. Acquired customer- related intangibles are typically amortized over ten years. Note 4.3 provides more detail on other intangible assets. The fair values of the acquired net assets, based on a provisional assessment, as well as the acquisition costs, are summarized in the following table. The considerations were paid for in cash, except for certain deferred considerations, expected to be paid later. For most of the completed acquisitions, the acquisition cost includes a contingent consideration, which is typically determined by the financial performance of the acquired business after the date of the acquisition. Changes in the fair value of the contingent consideration after the acquisition date are recognized in the profit or loss. However, contingent considerations are typically realized in the amount initially recognized. KONE acquired a 100% interest in all businesses acquired in 2024, with the exception of four acquisitions. Accounting principles Acquisitions Businesses acquired during the period have been combined in the consolidated financial statements from the date when Group has obtained control of the business and divested businesses up to the date when control has ceased. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired, and liabilities assumed, are measured at the acquisition date fair values. The acquisition related costs are recognized as expenses for the period in which they are incurred. At the acquisition date, any non-controlling interest is measured either at the acquisition date fair value or at non- controlling interest\u2019s proportionate share in the recognized amounts of the identifiable net assets.
Assets and liabilities of the acquired businesses,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Customer-related intangibles
67.8
109.0
Other intangible assets
0.1
0.1
Tangible assets
3.4
7.7
Deferred tax assets
1.0
6.1
Inventories
5.0
7.9
Accounts receivables and other assets
18.3
20.2
Cash and cash equivalents
4.4
8.7
Total assets
100.0
159.7
Employee benefit liabilities
0.7
0.7
Interest-bearing loans
0.5
4.9
Provisions
1.4
1.4
Deferred tax liabilities
11.6
20.8
Other liabilities
15.1
23.6
Total liabilities
29.3
51.3
Net assets
70.2
108.4
Non-controlling interest
0.5
-
Acquisition cost paid in cash
106.7
168.5
Contingent and deferred consideration
18.8
21.8
Acquisition cost at date of acquisitions
125.6
190.3
Goodwill
55.4
82.0
Changes in the acquisition cost occurring after the acquisition date and recognized in the statement of income totaled EUR -0.2
(0.6) million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-435": { "value": "Divestments and non-current assets held for sale and discontinued operations KONE completed the sale of its Russia operations to Russia- based S8 Capital diversified Holding on October 23, 2023. On completion of the sale in 2023, an income of EUR 8.5 million was recognized following reclassification of cumulative translation differences from other comprehensive income to statement of income and reversal of remaining liabilities related to sold operations. Non-current assets held for sale and discontinued operations The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell . ", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-405": { "value": "Divestments and non-current assets held for sale and discontinued operations KONE completed the sale of its Russia operations to Russia- based S8 Capital diversified Holding on October 23, 2023. On completion of the sale in 2023, an income of EUR 8.5 million was recognized following reclassification of cumulative translation differences from other comprehensive income to statement of income and reversal of remaining liabilities related to sold operations. Non-current assets held for sale and discontinued operations The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell . ", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-452": { "value": "
Accounting principles
Acquisitions Businesses acquired during the period have been combined in the consolidated financial statements from the date when Group has obtained control of the business and divested businesses up to the date when control has ceased. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired, and liabilities assumed, are measured at the acquisition date fair values. The acquisition related costs are recognized as expenses for the period in which they are incurred. At the acquisition date, any non-controlling interest is measured either at the acquisition date fair value or at non- controlling interest\u2019s proportionate share in the recognized amounts of the identifiable net assets. Accounting principles Goodwill Acquisitions are accounted for using the acquisition method. Goodwill is calculated as the excess of acquisition cost over the fair values of identified net assets acquired. Goodwill typically represents the value of the acquired market share, business knowledge and the synergies obtained in connection with the acquisition. The carrying amount of goodwill is not amortized but is annually tested for impairment. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-434": { "value": "Accounting principles Acquisitions Businesses acquired during the period have been combined in the consolidated financial statements from the date when Group has obtained control of the business and divested businesses up to the date when control has ceased. The acquisition consideration, including deferred and contingent consideration, as well as the identifiable assets acquired, and liabilities assumed, are measured at the acquisition date fair values. The acquisition related costs are recognized as expenses for the period in which they are incurred. At the acquisition date, any non-controlling interest is measured either at the acquisition date fair value or at non- controlling interest\u2019s proportionate share in the recognized amounts of the identifiable net assets. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-468": { "value": "Non-current assets held for sale and discontinued operations The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-453": { "value": "Non-current assets held for sale and discontinued operations The Group classifies non-current assets and disposal groups as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-469": { "value": "
4.2 Goodwill
Goodwill allocation
For the purposes of impairment testing, goodwill is allocated
to cash-generating units (CGUs). A cash generating unit is
typically the country unit in which the acquired business
operates in accordance with KONE\u2019s business model and
organization structure. As at Dec 31, 2024 the carrying
amount of goodwill tested for impairment is allocated to 20
different CGUs. The number of CGUs remained at the same
level compared to 2023. The five largest CGUs carry 78% of
the goodwill. The carrying amount of goodwill is below EUR
10 million for seven CGUs. The geographical allocation of
goodwill and the weighted average discount rates are
presented in the adjacent table.
Impairment testing
The value-in-use calculations have been prepared utilizing
cash flow projections that are based on CGU specific financial
estimates approved by the Group management. The explicit
forecast period covers the following three years for each
CGU.
Key parameters underlying the cash flow projections
include assumptions on business growth, sales price and cost
development. These assumptions embedded in the CGU
specific cash flow projections are based on management
assessment of the market demand and environment, which
are examined against external information sources. The
productivity and efficiency assumptions are based on internal
targets, which are evaluated against actual performance. The
cash flows for subsequent terminal year are assumed
prudently without growth, except as stated below.
The discount rates are based on the risk-free interest
rates, risk factors (beta coefficient) and market risk premiums
available on financial markets. The value-in-use calculations
are validated against KONE\u2019s market capitalization.
As a result of the annual impairment test, no goodwill
impairment losses were recognized during the accounting
period.
The impairment testing process includes a sensitivity
analysis in which the CGU specific cash flow estimates were
reduced by 10\u201340 percent and the discount rates were
increased by 1\u20134 percentage points. With the terminal growth
set at zero, the results are most sensitive for changes in the
cash flows. Based on the sensitivity analysis, the probability
for material impairment losses was very low in all CGUs. First
Accounting principles
Goodwill
Acquisitions are accounted for using the acquisition method.
Goodwill is calculated as the excess of acquisition cost over
the fair values of identified net assets acquired. Goodwill
typically represents the value of the acquired market share,
business knowledge and the synergies obtained in
connection with the acquisition. The carrying amount of
goodwill is not amortized but is annually tested for
impairment.
Impairment testing
The Group assesses the carrying amount of goodwill
annually or more frequently if any indication of impairment
exists. Goodwill is allocated to the cash generating units
(CGUs) of the Group, which are identified according to the
country of operation and business area at the level at which
goodwill is monitored for internal management purposes. The
recoverable amount of a CGU is determined by value-in-use
calculations. In assessing the recoverable amount, estimated
future cash flows are discounted to their present value. Cash
flow estimates are based on management\u2019s estimates. The
discount rate is the weighted average cost of capital (WACC)
for the main currency area in the location of the CGU (country
or business area), which reflects the market assessment of
the time value of money and the risks specific in KONE\u2019s
business.
Any impairment loss of goodwill is recognized immediately
as an expense and is not subsequently reversed .
Goodwill by Area,
Discount rates used
Discount rates used
MEUR
Dec 31, 2024
%
(pre-tax), %
Dec 31, 2023
%
(pre-tax), %
Americas
383.4
25
11.23
362.5
25
10.19
Europe
924.1
59
8.90
867.8
59
8.17
APMEA
64.6
4
10.77
58.8
4
9.96
Greater China
186.2
12
8.60
179.9
12
9.72
Total
1,558.4
Changes in goodwill,
MEUR
Note
Dec 31, 2024
Dec 31, 2023
Opening net book value
1,469.0
1,414.7
Translation differences
34.0
-27.6
Companies acquired
4.1
55.4
82.0
Closing net book value
1,558.4
1,469.0
immaterial impairment loss would take place in two CGUs if the CGU specific cash flow estimates would be reduced by 20% or discount rates increased by +2 percentage points. Assumptions specific to China local second brand CGU have been kept on a revised level as per last year with the operating environment largely remaining the same. In the base scenario, the terminal growth for China local second brand CGU is determined as 2% and discount rate as 8,6%. Headroom between value in use and assets employed with the base scenario has increased in this CGU and there is no reasonable scenario that would lead to recognition of impairment. Immaterial impairment would be recognized in the most conservative sensitivity scenario. Fair value less cost to sell analysis has been prepared for the CGU to validate the outcome from value in use analysis. This analysis supports the recoverable value provided by the base scenario. On December 31, 2024, goodwill carried by respective CGU amounts to EUR 185.3 million. Under the basic scenario for other CGUs, the value-in-use calculations were on average 7.6 times higher than the value of CGUs\u2019 assets employed. The respective ratio for the five largest CGUs was 6.8; for the five smallest 18.9 and respectively for the other CGUs 8.6. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-406": { "value": "4.2 Goodwill Goodwill allocation For the purposes of impairment testing, goodwill is allocated to cash-generating units (CGUs). A cash generating unit is typically the country unit in which the acquired business operates in accordance with KONE\u2019s business model and organization structure. As at Dec 31, 2024 the carrying amount of goodwill tested for impairment is allocated to 20 different CGUs. The number of CGUs remained at the same level compared to 2023. The five largest CGUs carry 78% of the goodwill. The carrying amount of goodwill is below EUR 10 million for seven CGUs. The geographical allocation of goodwill and the weighted average discount rates are presented in the adjacent table. Impairment testing The value-in-use calculations have been prepared utilizing cash flow projections that are based on CGU specific financial estimates approved by the Group management. The explicit forecast period covers the following three years for each CGU. Key parameters underlying the cash flow projections include assumptions on business growth, sales price and cost development. These assumptions embedded in the CGU specific cash flow projections are based on management assessment of the market demand and environment, which are examined against external information sources. The productivity and efficiency assumptions are based on internal targets, which are evaluated against actual performance. The cash flows for subsequent terminal year are assumed prudently without growth, except as stated below. The discount rates are based on the risk-free interest rates, risk factors (beta coefficient) and market risk premiums available on financial markets. The value-in-use calculations are validated against KONE\u2019s market capitalization. As a result of the annual impairment test, no goodwill impairment losses were recognized during the accounting period. The impairment testing process includes a sensitivity analysis in which the CGU specific cash flow estimates were reduced by 10\u201340 percent and the discount rates were increased by 1\u20134 percentage points. With the terminal growth set at zero, the results are most sensitive for changes in the cash flows. Based on the sensitivity analysis, the probability for material impairment losses was very low in all CGUs. First Accounting principles Goodwill Acquisitions are accounted for using the acquisition method. Goodwill is calculated as the excess of acquisition cost over the fair values of identified net assets acquired. Goodwill typically represents the value of the acquired market share, business knowledge and the synergies obtained in connection with the acquisition. The carrying amount of goodwill is not amortized but is annually tested for impairment. Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed .
Goodwill by Area,
Discount rates used
Discount rates used
MEUR
Dec 31, 2024
%
(pre-tax), %
Dec 31, 2023
%
(pre-tax), %
Americas
383.4
25
11.23
362.5
25
10.19
Europe
924.1
59
8.90
867.8
59
8.17
APMEA
64.6
4
10.77
58.8
4
9.96
Greater China
186.2
12
8.60
179.9
12
9.72
Total
1,558.4
Changes in goodwill,
MEUR
Note
Dec 31, 2024
Dec 31, 2023
Opening net book value
1,469.0
1,414.7
Translation differences
34.0
-27.6
Companies acquired
4.1
55.4
82.0
Closing net book value
1,558.4
1,469.0
immaterial impairment loss would take place in two CGUs if the CGU specific cash flow estimates would be reduced by 20% or discount rates increased by +2 percentage points. Assumptions specific to China local second brand CGU have been kept on a revised level as per last year with the operating environment largely remaining the same. In the base scenario, the terminal growth for China local second brand CGU is determined as 2% and discount rate as 8,6%. Headroom between value in use and assets employed with the base scenario has increased in this CGU and there is no reasonable scenario that would lead to recognition of impairment. Immaterial impairment would be recognized in the most conservative sensitivity scenario. Fair value less cost to sell analysis has been prepared for the CGU to validate the outcome from value in use analysis. This analysis supports the recoverable value provided by the base scenario. On December 31, 2024, goodwill carried by respective CGU amounts to EUR 185.3 million. Under the basic scenario for other CGUs, the value-in-use calculations were on average 7.6 times higher than the value of CGUs\u2019 assets employed. The respective ratio for the five largest CGUs was 6.8; for the five smallest 18.9 and respectively for the other CGUs 8.6. 4.3 Other intangible assets
Other intangible assets,
Customer-related
Jan 1\u2013Dec 31, 2024
MEUR
Note
intangibles
Other
Total
Opening gross acquisition cost
612.9
279.1
892.0
Opening accumulated amortization and impairment
-372.3
-232.5
-604.8
Opening net book value
240.6
46.6
287.2
Changes during the period
Translation differences
2.1
0.4
2.5
Increase
3.0
36.8
39.8
Decrease
-3.0
-2.8
-5.7
Reclassifications
-
-0.2
-0.2
Companies acquired
4.1
67.8
0.1
67.9
Amortization
-46.7
-11.5
-58.2
Closing net book value
263.8
69.5
333.3
Closing gross acquisition cost
682.8
308.4
991.2
Closing accumulated amortization and impairment
-419.0
-238.9
-657.9
Closing net book value
Other intangible assets,
Customer-related
Jan 1\u2013Dec 31, 2023
MEUR
Note
intangibles
Other
Total
Opening gross acquisition cost
501.6
256.2
757.8
Opening accumulated amortization and impairment
-325.4
-224.2
-549.6
Opening net book value
176.3
31.9
208.2
Changes during the period
Translation differences
-1.2
-1.2
-2.4
Increase
3.8
26.5
30.3
Decrease
-0.4
-0.4
-0.8
Reclassifications
-
0.1
0.1
Companies acquired
4.1
109.0
0.1
109.1
Amortization
-47.0
-10.3
-57.3
Closing net book value
240.6
46.6
287.2
Closing gross acquisition cost
612.9
279.1
892.0
Closing accumulated amortization and impairment
-372.3
-232.5
-604.8
Closing net book value
240.6
46.6
287.2
Accounting principles Intangible assets Intangible assets that are acquired separately are initially measured at cost. These assets are amortized on a straight-line basis over their expected useful lifetime, which does not usually exceed five years. The customer-related intangibles are recognized at acquisition date fair values and are amortized over their useful economic lives, typically ten years. Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . KONE often acquires elevator, escalator, and door service companies, where the excess of consideration transferred over the net assets of the acquiree as at closing is allocated to the acquired customer-related intangibles, and consequently majority of intangible assets carried consist of these customer contract assets. Intangible assets also include expenditure on acquired patents, trademarks and licenses, development expenditure related to certain software as well as acquired software licenses. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-436": { "value": "Impairment testing The value-in-use calculations have been prepared utilizing cash flow projections that are based on CGU specific financial estimates approved by the Group management. The explicit forecast period covers the following three years for each CGU. Key parameters underlying the cash flow projections include assumptions on business growth, sales price and cost development. These assumptions embedded in the CGU specific cash flow projections are based on management assessment of the market demand and environment, which are examined against external information sources. The productivity and efficiency assumptions are based on internal targets, which are evaluated against actual performance. The cash flows for subsequent terminal year are assumed prudently without growth, except as stated below. The discount rates are based on the risk-free interest rates, risk factors (beta coefficient) and market risk premiums available on financial markets. The value-in-use calculations are validated against KONE\u2019s market capitalization. As a result of the annual impairment test, no goodwill impairment losses were recognized during the accounting period. The impairment testing process includes a sensitivity analysis in which the CGU specific cash flow estimates were reduced by 10\u201340 percent and the discount rates were increased by 1\u20134 percentage points. With the terminal growth set at zero, the results are most sensitive for changes in the cash flows. Based on the sensitivity analysis, the probability for material impairment losses was very low in all CGUs. First Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed .
immaterial impairment loss would take place in two CGUs if
the CGU specific cash flow estimates would be reduced by
20% or discount rates increased by +2 percentage points.
Assumptions specific to China local second brand CGU have
been kept on a revised level as per last year with the
operating environment largely remaining the same. In the
base scenario, the terminal growth for China local second
brand CGU is determined as 2% and discount rate as 8,6%.
Headroom between value in use and assets employed with
the base scenario has increased in this CGU and there is no
reasonable scenario that would lead to recognition of
impairment. Immaterial impairment would be recognized in the
most conservative sensitivity scenario. Fair value less cost to
sell analysis has been prepared for the CGU to validate the
outcome from value in use analysis. This analysis supports
the recoverable value provided by the base scenario. On
December 31, 2024, goodwill carried by respective CGU
amounts to EUR 185.3 million.
Under the basic scenario for other CGUs, the value-in-use
calculations were on average 7.6 times higher than the value
of CGUs\u2019 assets employed. The respective ratio for the five
largest CGUs was 6.8; for the five smallest 18.9 and
respectively for the other CGUs 8.6.
Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . ", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-491": { "value": "Accounting principles Goodwill Acquisitions are accounted for using the acquisition method. Goodwill is calculated as the excess of acquisition cost over the fair values of identified net assets acquired. Goodwill typically represents the value of the acquired market share, business knowledge and the synergies obtained in connection with the acquisition. The carrying amount of goodwill is not amortized but is annually tested for impairment. Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed . Accounting principles Intangible assets Intangible assets that are acquired separately are initially measured at cost. These assets are amortized on a straight-line basis over their expected useful lifetime, which does not usually exceed five years. The customer-related intangibles are recognized at acquisition date fair values and are amortized over their useful economic lives, typically ten years. Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-485": { "value": "Accounting principles Goodwill Acquisitions are accounted for using the acquisition method. Goodwill is calculated as the excess of acquisition cost over the fair values of identified net assets acquired. Goodwill typically represents the value of the acquired market share, business knowledge and the synergies obtained in connection with the acquisition. The carrying amount of goodwill is not amortized but is annually tested for impairment. Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-494": { "value": "Accounting principles Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed . Accounting principles Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . Accounting principles Property, plant and equipment The carrying amount of any tangible asset is impairment tested (see impairment of assets accounting principles) when an indication of impairment exists. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-454": { "value": "Impairment testing The Group assesses the carrying amount of goodwill annually or more frequently if any indication of impairment exists. Goodwill is allocated to the cash generating units (CGUs) of the Group, which are identified according to the country of operation and business area at the level at which goodwill is monitored for internal management purposes. The recoverable amount of a CGU is determined by value-in-use calculations. In assessing the recoverable amount, estimated future cash flows are discounted to their present value. Cash flow estimates are based on management\u2019s estimates. The discount rate is the weighted average cost of capital (WACC) for the main currency area in the location of the CGU (country or business area), which reflects the market assessment of the time value of money and the risks specific in KONE\u2019s business. Any impairment loss of goodwill is recognized immediately as an expense and is not subsequently reversed .
Accounting principles
Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-470": { "value": "4.3 Other intangible assets
Other intangible assets,
Customer-related
Jan 1\u2013Dec 31, 2024
MEUR
Note
intangibles
Other
Total
Opening gross acquisition cost
612.9
279.1
892.0
Opening accumulated amortization and impairment
-372.3
-232.5
-604.8
Opening net book value
240.6
46.6
287.2
Changes during the period
Translation differences
2.1
0.4
2.5
Increase
3.0
36.8
39.8
Decrease
-3.0
-2.8
-5.7
Reclassifications
-
-0.2
-0.2
Companies acquired
4.1
67.8
0.1
67.9
Amortization
-46.7
-11.5
-58.2
Closing net book value
263.8
69.5
333.3
Closing gross acquisition cost
682.8
308.4
991.2
Closing accumulated amortization and impairment
-419.0
-238.9
-657.9
Closing net book value
Other intangible assets,
Customer-related
Jan 1\u2013Dec 31, 2023
MEUR
Note
intangibles
Other
Total
Opening gross acquisition cost
501.6
256.2
757.8
Opening accumulated amortization and impairment
-325.4
-224.2
-549.6
Opening net book value
176.3
31.9
208.2
Changes during the period
Translation differences
-1.2
-1.2
-2.4
Increase
3.8
26.5
30.3
Decrease
-0.4
-0.4
-0.8
Reclassifications
-
0.1
0.1
Companies acquired
4.1
109.0
0.1
109.1
Amortization
-47.0
-10.3
-57.3
Closing net book value
240.6
46.6
287.2
Closing gross acquisition cost
612.9
279.1
892.0
Closing accumulated amortization and impairment
-372.3
-232.5
-604.8
Closing net book value
240.6
46.6
Accounting principles Intangible assets Intangible assets that are acquired separately are initially measured at cost. These assets are amortized on a straight-line basis over their expected useful lifetime, which does not usually exceed five years. The customer-related intangibles are recognized at acquisition date fair values and are amortized over their useful economic lives, typically ten years. Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . KONE often acquires elevator, escalator, and door service companies, where the excess of consideration transferred over the net assets of the acquiree as at closing is allocated to the acquired customer-related intangibles, and consequently majority of intangible assets carried consist of these customer contract assets. Intangible assets also include expenditure on acquired patents, trademarks and licenses, development expenditure related to certain software as well as acquired software licenses. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-486": { "value": "Accounting principles Intangible assets Intangible assets that are acquired separately are initially measured at cost. These assets are amortized on a straight-line basis over their expected useful lifetime, which does not usually exceed five years. The customer-related intangibles are recognized at acquisition date fair values and are amortized over their useful economic lives, typically ten years. Impairment of assets The carrying amounts of non-current intangible assets and tangible assets are reviewed for impairment at each reporting date or whenever there is indication of that the carrying value of the asset may not be recoverable. Impairment test involves estimating the recoverable amount of the asset, subject to testing. The recoverable amount is the higher of the asset\u2019s fair value less cost of disposal and the value in use. An impairment loss is recognized in the statement of income whenever the carrying amount exceeds the recoverable amount. A previously recognized impairment loss is reversed only if there has been a significant change in the estimates used to determine the recoverable amount, but not, however, to an amount higher than the carrying amount that would have been determined without the impairment loss recognized in prior years, deducted by accumulated depreciation . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-407": { "value": "
4.4 Tangible assets
Accounting principles Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and any impairment losses, when applicable. Depreciation is recognized on a straight-line basis over the economic useful lives of the assets or over the lease contract period, if shorter. Economic useful lives are as follows: Buildings Machinery and equipment Land 5\u201340 years 2\u201315 years Infinite Expenditure on repairs and maintenance of property, plant and equipment is recognized as expense when incurred. The carrying amount of any tangible asset is impairment tested (see impairment of assets accounting principles) when an indication of impairment exists. Leases As a lessee, KONE recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments, amounting to the present value of the future lease payments. The value of right-of-use asset corresponds the value of future lease payments at the inception of the lease, discounted with the incremental borrowing rate. Right-of-use assets are depreciated over the contract period or over the useful life of the asset, which is the shorter. An option to extend or terminate the lease contract is included to the lease period when exercising such option is considered highly probable. The cost arising from short- term leases and leases of low value assets are recognized as an expense on a straight-line basis over the contract period .
Jan 1\u2013Dec 31, 2024
Machinery
Leased
Fixed assets
Tangible assets,
Leased
&
machinery &
under
Advance
MEUR
Note
Land
Buildings
buildings
equipment
equipment
construction
payments
Total
Opening gross acquisition cost
5.9
350.9
435.6
750.8
280.4
50.5
3.6
1,877.8
Opening accumulated depreciation
-
-173.1
-243.3
-547.3
-134.3
-
-
-1,098.1
Opening net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
Changes during the period
Translation differences
0.0
3.3
4.1
4.1
4.0
-0.6
0.0
14.9
Increase
-
15.3
72.3
62.2
159.9
48.9
1.7
360.2
Decrease
0.0
-0.4
-9.8
-2.9
-6.5
-5.8
-0.4
-25.9
Reclassifications
-
30.7
0.5
18.7
0.0
-46.9
-2.8
0.2
Companies acquired
4.1
-
0.2
0.7
2.4
0.1
-
0.0
3.4
Depreciation
-
-16.7
-64.9
-69.3
-83.1
-
-
-234.0
Closing net book value
5.9
210.1
195.3
218.7
220.4
46.1
2.1
898.5
Closing gross acquisition cost
5.9
402.4
486.1
806.4
376.4
46.1
2.1
2,125.4
Closing accumulated depreciation
-
-192.3
-290.8
-587.7
-156.1
-
-
-1,226.9
Closing net book value
5.9
210.1
195.3
218.7
220.4
46.1
2.1
898.5
During the period of Jan 1\u2013Dec 31, 2024, capital expenditure totaled to EUR 397.0 (322.4) million, consisting of investments
into production facilities, installation equipment, R&D tools, patents and licenses and expenditure on two development
programs, as well as new assets recognized for lease agreements. Capital expenditure on leases consists mainly of
maintenance vehicles and office facilities.
Lease payments in cash flow totaled to EUR -138.3 (-124.5) million.
Jan 1\u2013Dec 31, 2023
Machinery
Leased
Fixed assets
Tangible assets,
Leased
&
machinery &
under
Advance
MEUR
Note
Land
Buildings
buildings
equipment
equipment
construction
payments
Total
Opening gross acquisition cost
5.9
336.7
403.6
714.2
249.5
25.3
1.6
1,736.9
Opening accumulated depreciation
-
-164.6
-212.8
-515.9
-126.7
-
-
-1,020.0
Opening net book value
5.9
172.1
190.8
198.3
122.8
25.3
1.6
716.8
Changes during the period
Translation differences
0.0
-5.7
-4.7
-5.9
-2.1
-0.6
-0.3
-19.2
Increase
-
16.7
72.0
68.6
89.1
45.4
4.0
295.9
Decrease
0.0
-0.8
-4.0
-1.6
0.0
-2.7
-0.2
-9.2
Reclassifications
-
10.3
0.0
8.6
0.0
-16.9
-2.0
0.0
Companies acquired
4.1
-
0.0
4.0
2.3
0.9
-
0.4
7.7
Depreciation
-
-15.0
-65.7
-66.7
-64.7
-
-
-212.1
Closing net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
Closing gross acquisition cost
5.9
350.9
435.6
750.8
280.4
50.5
3.6
1,877.8
Closing accumulated depreciation
0.0
-173.1
-243.3
-547.3
-134.3
0.0
0.0
-1,098.1
Closing net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-472": { "value": "4.4 Tangible assets
Jan 1\u2013Dec 31, 2024
Machinery
Leased
Fixed assets
Tangible assets,
Leased
&
machinery &
under
Advance
MEUR
Note
Land
Buildings
buildings
equipment
equipment
construction
payments
Total
Opening gross acquisition cost
5.9
350.9
435.6
750.8
280.4
50.5
3.6
1,877.8
Opening accumulated depreciation
-
-173.1
-243.3
-547.3
-134.3
-
-
-1,098.1
Opening net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
Changes during the period
Translation differences
0.0
3.3
4.1
4.1
4.0
-0.6
0.0
14.9
Increase
-
15.3
72.3
62.2
159.9
48.9
1.7
360.2
Decrease
0.0
-0.4
-9.8
-2.9
-6.5
-5.8
-0.4
-25.9
Reclassifications
-
30.7
0.5
18.7
0.0
-46.9
-2.8
0.2
Companies acquired
4.1
-
0.2
0.7
2.4
0.1
-
0.0
3.4
Depreciation
-
-16.7
-64.9
-69.3
-83.1
-
-
-234.0
Closing net book value
5.9
210.1
195.3
218.7
220.4
46.1
2.1
898.5
Closing gross acquisition cost
5.9
402.4
486.1
806.4
376.4
46.1
2.1
2,125.4
Closing accumulated depreciation
-
-192.3
-290.8
-587.7
-156.1
-
-
-1,226.9
Closing net book value
5.9
210.1
195.3
218.7
220.4
46.1
2.1
898.5
Lease payments in cash flow totaled to EUR -138.3 (-124.5) million. Leases As a lessee, KONE recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments, amounting to the present value of the future lease payments. The value of right-of-use asset corresponds the value of future lease payments at the inception of the lease, discounted with the incremental borrowing rate. Right-of-use assets are depreciated over the contract period or over the useful life of the asset, which is the shorter. An option to extend or terminate the lease contract is included to the lease period when exercising such option is considered highly probable. The cost arising from short- term leases and leases of low value assets are recognized as an expense on a straight-line basis over the contract period .
Jan 1\u2013Dec 31, 2023
Machinery
Leased
Fixed assets
Tangible assets,
Leased
&
machinery &
under
Advance
MEUR
Note
Land
Buildings
buildings
equipment
equipment
construction
payments
Total
Opening gross acquisition cost
5.9
336.7
403.6
714.2
249.5
25.3
1.6
1,736.9
Opening accumulated depreciation
-
-164.6
-212.8
-515.9
-126.7
-
-
-1,020.0
Opening net book value
5.9
172.1
190.8
198.3
122.8
25.3
1.6
716.8
Changes during the period
Translation differences
0.0
-5.7
-4.7
-5.9
-2.1
-0.6
-0.3
-19.2
Increase
-
16.7
72.0
68.6
89.1
45.4
4.0
295.9
Decrease
0.0
-0.8
-4.0
-1.6
0.0
-2.7
-0.2
-9.2
Reclassifications
-
10.3
0.0
8.6
0.0
-16.9
-2.0
0.0
Companies acquired
4.1
-
0.0
4.0
2.3
0.9
-
0.4
7.7
Depreciation
-
-15.0
-65.7
-66.7
-64.7
-
-
-212.1
Closing net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
Closing gross acquisition cost
5.9
350.9
435.6
750.8
280.4
50.5
3.6
1,877.8
Closing accumulated depreciation
0.0
-173.1
-243.3
-547.3
-134.3
0.0
0.0
-1,098.1
Closing net book value
5.9
177.8
192.3
203.5
146.0
50.5
3.6
779.7
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-455": { "value": "
Accounting principles
Leases As a lessee, KONE recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments, amounting to the present value of the future lease payments. The value of right-of-use asset corresponds the value of future lease payments at the inception of the lease, discounted with the incremental borrowing rate. Right-of-use assets are depreciated over the contract period or over the useful life of the asset, which is the shorter. An option to extend or terminate the lease contract is included to the lease period when exercising such option is considered highly probable. The cost arising from short- term leases and leases of low value assets are recognized as an expense on a straight-line basis over the contract period . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-471": { "value": "Accounting principles Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and any impairment losses, when applicable. Depreciation is recognized on a straight-line basis over the economic useful lives of the assets or over the lease contract period, if shorter. Economic useful lives are as follows: Buildings Machinery and equipment Land 5\u201340 years 2\u201315 years Infinite Expenditure on repairs and maintenance of property, plant and equipment is recognized as expense when incurred. The carrying amount of any tangible asset is impairment tested (see impairment of assets accounting principles) when an indication of impairment exists. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-473": { "value": "
KONE\u2019s capital structure
\u2022 KONE\u2019s cash position is strong due to the cash-
generative operating model including collection of
significant advance payments in the New Building
Solutions business
\u2022 KONE has not defined a specific target for its capital
structure, but the aim is to ensure strong credit quality to
provide for ample access to external funding sources to
support the growth ambitions of the business
5.1 Capital Management
KONE aims to manage its capital in a way that supports the
profitable growth of operations by securing an adequate
liquidity and capitalization of the Group at all times. The target
is to maintain a capital structure that contributes to the
creation of shareholder value.
The assets employed in KONE\u2019s business consist
principally of net working capital, fixed assets, and financial
investments which are funded by equity and net debt, as
shown in the adjacent table. Due to the business model and
the business processes of KONE, the level of total assets
employed is relatively low. KONE aims to maintain a negative
net working capital to ensure a healthy cash flow even when
the business is growing and to maintain a high return on
assets employed.
Cash flow from operations is the principal source of
KONE\u2019s financing. External funding, as well as cash and
financial investments, are managed centrally by KONE
Treasury according to the KONE Treasury Policy. Financial
investments are made only with counterparties with high
creditworthiness and mainly in short term instruments to
ensure continuous liquidity.
KONE has not defined a specific target for its capital
structure, but the aim is to ensure strong credit quality to
provide for ample access to external funding sources and to
support the growth ambitions of the business. KONE
considers its current capital structure to be a strength, as it
allows for capturing potential value creating business
opportunities, should such opportunities arise. If deemed
necessary, KONE could also utilize its borrowing capacity,
which could result in a higher level of debt and financial
gearing for a period of time. At the end of 2024, the funding of
KONE was secured through existing committed credit
facilities, loan arrangements, cash, and financial investments.
KONE has not defined a specific target for dividends or
share buy-backs. The dividend proposal by the Board of
Directors is determined on the basis of the overall business
outlook, business opportunities, as well as the present capital
structure and the anticipated changes in it. In 2020\u20132024, the
dividend payout ratio has been 97.8%\u2013124.0% for class B
shares (2024 proposal by the Board of Directors of KONE
Corporation). At the end of December 2024, KONE had
11,867,752 class B shares in its possession.
To ensure an efficient internal allocation and utilization of
its capital resources, KONE measures internally the financial
results of its business activities after a capital allocation
charge. The capital allocation charge is based on the assets
employed in the business activity and the weighted average
cost of capital (WACC).
The WACC is also used as a hurdle rate when evaluating
the shareholder value creation potential of new acquisitions,
major capital expenditure and other investments. The
valuation methods used are payback time, discounted cash
flow as well as earnings and cash flow multipliers.
Capital management,
MEUR
2024
2023
2022
2021
2020
Assets employed
Goodwill and shares
1,657
1,567
1,536
1,550
1,470
Tangible and other intangible assets
1,232
1,067
925
954
933
Net working capital
-827
-861
-904
-1,468
-1,160
Total assets employed
2,062
1,773
1,557
1,035
1,243
Capital employed
Equity
2,893
2,786
2,867
3,199
3,197
Interest-bearing net debt
-831
-1,013
-1,309
-2,164
-1,954
Total capital employed
2,062
1,773
1,557
1,035
1,243
Gearing
-28.7%
-36.4%
-45.7%
-67.6%
-61.1%
Equity ratio
39.8%
40.9%
40.3%
41.2%
45.5%
Change in interest-bearing net debt,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Interest-bearing net debt at beginning of period
-1,013.4
-1,309.0
Interest-bearing net debt at end of period
-831.2
-1,013.4
Change in interest-bearing net debt
182.2
295.7
Non-current assets by country,
MEUR
Dec 31, 2024
Dec 31, 2023
USA
602.1
501.2
China
457.9
434.7
Germany
377.8
329.3
Spain
276.2
258.9
France
221.9
198.0
Finland
219.2
194.6
Other
1,166.1
1,050.1
Total
3,321.2
2,966.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-456": { "value": "KONE has not defined a specific target for dividends or share buy-backs. The dividend proposal by the Board of Directors is determined on the basis of the overall business outlook, business opportunities, as well as the present capital structure and the anticipated changes in it. In 2020\u20132024, the dividend payout ratio has been 97.8%\u2013124.0% for class B shares (2024 proposal by the Board of Directors of KONE Corporation). At the end of December 2024, KONE had 11,867,752 class B shares in its possession. Accounting principles
Profit distribution includes dividends and donations
decided by the Shareholders\u2019 Meeting. The dividend and
distribution of profits proposed by the Board of Directors of
KONE Corporation for the financial year ended, is not
deducted from the equity prior to acceptance by a
Shareholders\u2019 Meeting .
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-457": { "value": "5.2 Shareholders\u2019 equity Shares and share capital At the end of the 2024 financial year, the number of shares outstanding was 529,395,860. The share capital was EUR 66.2 million and the total number of votes was 121,527,427. Each class A share is assigned one vote, as is each block of 10 class B shares, with the provision that each shareholder is entitled to at least one vote. The accounting par value of both classes of shares is EUR 0.125. At the end of the financial year, the Board of Directors of KONE Corporation had a valid authorization granted by the Annual General Meeting in February 2024 to increase the share capital and to issue stock options. The authorization remains in effect until the conclusion of the following annual general meeting, however at the latest until June 30, 2025. In accordance with the Articles of Association, class B shares are preferred for a dividend which is at least 1% and no more than 2.5% higher than the dividend paid to the holders of class A shares, calculated based on the amount obtained by dividing the share capital entered into the Trade Register by the number of shares entered into the Trade Register. In 2024 or 2023 there were no changes in the share capital of KONE Corporation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-408": { "value": "5.2 Shareholders\u2019 equity Shares and share capital At the end of the 2024 financial year, the number of shares outstanding was 529,395,860. The share capital was EUR 66.2 million and the total number of votes was 121,527,427. Each class A share is assigned one vote, as is each block of 10 class B shares, with the provision that each shareholder is entitled to at least one vote. The accounting par value of both classes of shares is EUR 0.125. At the end of the financial year, the Board of Directors of KONE Corporation had a valid authorization granted by the Annual General Meeting in February 2024 to increase the share capital and to issue stock options. The authorization remains in effect until the conclusion of the following annual general meeting, however at the latest until June 30, 2025. In accordance with the Articles of Association, class B shares are preferred for a dividend which is at least 1% and no more than 2.5% higher than the dividend paid to the holders of class A shares, calculated based on the amount obtained by dividing the share capital entered into the Trade Register by the number of shares entered into the Trade Register. In 2024 or 2023 there were no changes in the share capital of KONE Corporation. Authority to buy own shares KONE Corporation\u2019s Annual General Meeting held on February 29, 2024 authorized the Board of Directors to repurchase the company\u2019s own shares Altogether no more than 52,930,000 shares may be repurchased, of which no more than 7,620,000 may be class A shares and 45,310,000 class B shares. The minimum and maximum consideration for the shares to be purchased is determined for both class A and class B shares on the basis of the trading price for class B shares determined on the Nasdaq Helsinki Ltd. on the time of purchase. All treasury shares at the end of the reporting period consisted of B class shares. Accounting principles Equity and profit distribution The total shareholders\u2019 equity consists of the share capital, the share premium account, the fair value and other reserves, translation differences, the paid-up unrestricted equity reserve, remeasurements of employee benefits and retained earnings. The fair value and other reserves include changes in the fair value of cash flow hedges. Differences arising from the application of the acquisition method on the translation of the net investment in foreign subsidiaries and associated companies are recognized as translation differences. Exchange rate differences resulting from financial instruments intended as hedges of the net assets in foreign subsidiaries are also recognized as translation differences. Actuarial gains and losses arising from revaluation of employee benefits are recognized as remeasurements of employee benefits. The purchase price of own shares purchased by KONE Corporation is deducted from retained earnings. The net income for the accounting period is recognized directly in retained earnings. When KONE Corporation purchases its own shares, the consideration paid and costs directly attributable to the purchase transaction are recognized as a deduction in equity. When such shares are sold, the consideration received, net of directly attributable transaction costs, is included in equity. Profit distribution includes dividends and donations decided by the Shareholders\u2019 Meeting. The dividend and distribution of profits proposed by the Board of Directors of KONE Corporation for the financial year ended, is not deducted from the equity prior to acceptance by a Shareholders\u2019 Meeting . ", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-437": { "value": "Authority to buy own shares KONE Corporation\u2019s Annual General Meeting held on February 29, 2024 authorized the Board of Directors to repurchase the company\u2019s own shares Altogether no more than 52,930,000 shares may be repurchased, of which no more than 7,620,000 may be class A shares and 45,310,000 class B shares. The minimum and maximum consideration for the shares to be purchased is determined for both class A and class B shares on the basis of the trading price for class B shares determined on the Nasdaq Helsinki Ltd. on the time of purchase. All treasury shares at the end of the reporting period consisted of B class shares.
Accounting principles
When KONE Corporation purchases its own shares,
the consideration paid and costs directly attributable to the
purchase transaction are recognized as a deduction in
equity. When such shares are sold, the consideration
received, net of directly attributable transaction costs, is
included in equity.
Treasury shares
Number of shares
Purchase cost, MEUR
Jan 1, 2024
12,159,159
230.2
Distributed to the share-based incentive plan, January
-280,902
-12.3
Distributed as the annual compensation of the Board, April
-9,027
-0.4
Distributed to the share-based incentive plan, December
-1,478
-0.1
Dec 31, 2024
11,867,752
217.5
Jan 1, 2023
12,306,640
236.6
Distributed to the share-based incentive plan, January
-121,084
-5.3
Distributed as the annual compensation of the Board, April
-7,912
-0.3
Distributed to the share-based incentive plan, June
-18,485
-0.8
Dec 31, 2023
12,159,159
230.2
Reconciliation of own shares
Quantity
December 31, 2023
12,159,159
January 31, 2024
-280,902
April 25, 2024
-9,027
December 3, 2024
-1,478
December 31, 2024
11,867,752
Purchase cost, MEUR
Average price, EUR
230.2
18.93
-12.3
43.81
-0.4
44.15
-0.1
44.15
217.5
18.32
", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-474": { "value": "Accounting principles profit distribution Profit distribution includes dividends and donations decided by the Shareholders\u2019 Meeting. The dividend and distribution of profits proposed by the Board of Directors of KONE Corporation for the financial year ended, is not deducted from the equity prior to acceptance by a Shareholders\u2019 Meeting . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-487": { "value": "
Equity and profit distribution
The total shareholders\u2019 equity consists of the share capital,
the share premium account, the fair value and other
reserves, translation differences, the paid-up unrestricted
equity reserve, remeasurements of employee benefits and
retained earnings. The fair value and other reserves
include changes in the fair value of cash flow hedges.
Differences arising from the application of the acquisition
method on the translation of the net investment in foreign
subsidiaries and associated companies are recognized as
translation differences. Exchange rate differences resulting
from financial instruments intended as hedges of the net
assets in foreign subsidiaries are also recognized as
translation differences. Actuarial gains and losses arising
from revaluation of employee benefits are recognized as
remeasurements of employee benefits. The purchase price
of own shares purchased by KONE Corporation is
deducted from retained earnings. The net income for the
accounting period is recognized directly in retained
earnings.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-475": { "value": "When KONE Corporation purchases its own shares, the consideration paid and costs directly attributable to the purchase transaction are recognized as a deduction in equity. When such shares are sold, the consideration received, net of directly attributable transaction costs, is included in equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-492": { "value": "
5.3 Financial risks and instruments
KONE\u2019s business activities are exposed to financial risks
such as foreign exchange risks, interest rate risks,
liquidity risks and credit risks. These financial risks are
managed as part of the total KONE risk portfolio. KONE
Treasury is responsible for the centralized management
of financial risks in accordance with the KONE Treasury
Policy approved by the Executive Board. KONE business
units manage their financial risks locally in accordance
with the KONE Treasury Policy.
Financial credit risk
KONE has substantial amounts of cash and financial
investments. In order to diversify the financial credit risk
and manage liquidity risk, funds are invested into highly
liquid interest rate funds and deposits with several banks.
All open exposures such as cash on bank accounts,
investments, deposits and other financial assets, for
example derivatives contracts, are included when
measuring the financial credit risk exposure. When
selecting counterparty banks and other investment
targets, only counterparties with high creditworthiness are
approved. The size of each limit reflects the
creditworthiness of the counterparty. Counterparty
creditworthiness is evaluated constantly and the required
actions are considered case by case if significant
changes in the creditworthiness of a counterparty occur.
The fair values of interest rate funds are measured based
on market information (fair value hierarchy level 2).
Refinancing and liquidity risks
KONE\u2019s cash and cash equivalents was EUR 576.0
(424.5) million and financial investments EUR 1,221.9
(1,263.2) million on December 31, 2024.
Cash and financial investments are managed centrally
by KONE Treasury. Due to local regulations, part of the
funds resides in local investments and on decentralized
bank accounts in a number of KONE countries. A
substantial part of the funds is nevertheless accessible to
KONE Treasury. Changes in the local regulations can
also in the future have an impact on the location of the
cash and financial investments.
Accounting principles Derivative financial instruments and hedge accounting Derivative financial instruments are initially and subsequently recognized at fair value in the statement of financial position. The fair values of foreign exchange forward contracts are calculated by discounting the future cash flows of the contracts with the relevant market interest rate yield curves on the valuation date and by calculating the difference between the discounted values as at the forward contract date and balance sheet date in euros. Currency options are valued as of each reporting date by using the Garman & Kohlhagen option valuation model. At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet . KONE has a fixed rate loan of EUR 200.0 (200.0) million and a floating rate loan of EUR 200.0 (0.0) million from the European Investment Bank (EIB) for R&D purposes. The fixed rate loan will mature in 2026 and floating rate loan will mature in 2031. The fair value of the loan is estimated based on discounted cash flow method using a current borrowing rate (level 2 fair value hierarchy) as the discount rate. KONE has also an uncommitted commercial paper program of EUR 500.0 (500.0) million and a sustainability-linked revolving credit facility of EUR 850.0 (850.0) million to ensure sufficient liquidity. The sustainability targets included in the facility relate to KONE\u2019s decarbonization and gender diversity commitments. Interest rate risks KONE\u2019s cash and short-term investments were EUR 1,797.9 (1,687.7) million at the statement of financial position date. At the same time, KONE\u2019s interest-bearing debt was EUR 987.1 (687.8) million and consisted of EUR 834.2 (550.4) million of financial debt including lease liabilities, EUR 9.2 (2.3) million of option liabilities from acquisitions, and EUR 141.4 (132.9) million of employee benefit liabilities. Additionally, KONE had an asset on employee benefits of EUR 15.0 (9.2) million. As KONE\u2019s financial investments are mainly invested in tenors of less than one year, changes in the interest rates do not have any significant impact on their market values. Changes in the interest rates may however impact future interest income. When calculating the interest rate sensitivity analysis, the interest-bearing net financial debt, excluding foreign exchange forward contracts, is assumed to remain on the level of the closing balance of 2024 during the following financial period. The sensitivity analysis presents the impact of a 1 percentage point change in the interest rate level on the net interest income for the financial period by taking into account the net financial debt tied to interest periods of less than one year, EUR -1,853.8 (-1,572.1) million. For 2024 a 1 percentage point change in the interest rate level would mean a change of EUR -18.5 (-15.7) million in net interest income. The interest rate sensitivity is calculated before taxes. A change in interest rates does not have a material impact on the net interest on employee benefits, on financial debt or option liabilities from acquisition. Accounting principles Loans Loans payable are in the consolidated statement of financial position presented as part of other financial liabilities. They are measured initially at fair value net of directly attributable transaction costs incurred and are subsequently carried at amortized cost using the effective interest rate method. Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Lease liabilities Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. Financial assets Financial assets are classified into three categories: measured at amortized cost, at fair value through other comprehensive income (FVOCI) and at fair value through profit or loss. The classification is made at the time of the original acquisition based on the objective of the business model and the characteristics of contractual cash flows of the investment. KONE assesses on a forward-looking basis the expected credit losses associated with its assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. All of these financial assets are considered to have low credit risk, and thus the impairment provision assessment is based on 12 months expected losses. Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. Cash and cash equivalents Cash and cash equivalents include cash-in-hand and bank account balances. Bank overdrafts are included in other current liabilities . Derivatives Treasury policy for hedging purposes is applied to all derivative contracts. The majority of the foreign exchange derivatives and swaps mature within a year. The fair values of foreign exchange derivatives and swaps are measured based on price information derived from active markets and commonly used valuation methods (fair value hierarchy level 2). Financial contracts are executed only with counterparties that have high credit ratings. The credit risk of the counterparties and KONE is considered when assessing the fair values of outstanding financial assets and liabilities. The fair values of the derivatives are represented in the balance on a gross basis and can be set off on conditional terms such as breach of contract or bankruptcy. Derivative financial receivables from counterparties after set off would be EUR 9.2 (1.3) million and payables EUR 9.4 (18.3) million. Loans and other interest-bearing liabilities Loans and other interest-bearing liabilities in the consolidated statement of financial position consist of loans, lease liabilities, option liabilities from acquisitions and other liabilities. KONE\u2019s non-current lease liabilities were EUR 299.8 (238.3) million and current lease liabilities were EUR 132.8 (EUR 110.9) million at the statement of financial position date.
Maturity analysis of financial liabilities
Dec 31, 2024
Dec 31, 2023
and interest payment,
MEUR
< 1 year
1-5 years
> 5 years
Total
< 1 year
1-5 years
> 5 years
Total
Interest-bearing debt
Loans
-
-200.7
-200.0
-400.7
0.0
-200.0
-0.4
-200.4
Lease liabilities
-132.8
-265.1
-34.7
-432.6
-110.9
-206.1
-32.2
-349.1
Current loans and other liabilities
-2.2
-
-
-2.2
-2.2
-
-
-2.2
Used bank overdraft limits
-0.9
-
-
-0.9
-0.8
-
-
-0.8
Option liabilities from acquisitions
-
-9.2
-
-9.2
-
-2.3
-
-2.3
Non-interest-bearing debt
Accounts payable
-982.9
-
-
-982.9
-927.0
-
-
-927.0
Derivatives
Capital inflow
3,241.7
153.5
-
3,395.2
3,118.0
164.3
-
3,282.3
Capital outflow
-3,245.2
-152.7
-
-3,397.9
-3,135.0
-168.8
-
-3,303.8
Interest payments
-24.3
-50.3
-16.7
-91.3
-12.1
-17.5
-3.2
-32.8
Net outflow
-1,146.5
-524.6
-392.9
-2,064.0
-1,070.0
-430.4
-168.7
-1,669.1
Dec 31, 2024
Dec 31, 2023
Fair values of derivative financial instruments,
Derivative
MEUR
Derivative assets
liabilities
Fair value, net
Fair value, net
Foreign exchange derivatives
In cash flow hedge accounting
13.3
-26.7
-13.5
-13.2
In net investment hedge accounting
-
-13.3
-13.3
0.0
Other foreign exchange hedges
31.2
-4.5
26.7
-3.9
Total
44.4
-44.5
-0.1
-17.0
Nominal values of derivative financial instruments,
MEUR
Dec 31, 2024
Dec 31, 2023
Foreign exchange derivatives
In cash flow hedge accounting
1,313.5
1,114.3
In net investment hedge accounting
315.9
437.9
Other foreign exchange hedges
1,765.8
1,730.2
Total
3,395.2
3,282.3
Dec 31, 2024
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
98.9
98.9
Non-current loans receivable
I
5.4
-
4.4
-
4.4
Current assets
Accounts receivable
-
2,494.8
-
2,494.8
Derivative assets
31.2
-
13.3
44.4
Current deposits and loans receivable
I
5.4
909.1
313.9
-
1,223.0
Cash and cash equivalents
I
-
576.0
-
576.0
Total financial assets
940.3
3,389.1
112.2
4,441.5
Non-current liabilities \u00b9
Loans
I
-
400.7
-
400.7
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.1
-
3.1
Option liabilities from acquisitions
I
9.2
-
-
9.2
Accounts payable
-
982.9
-
982.9
Derivative liabilities
4.5
-
40.0
44.5
Total financial liabilities
13.7
1,386.7
40.0
1,440.5
\u00b9 Excluding non-current lease liabilities of EUR 299.8 million. \u00b2 Excluding current lease liabilities of EUR 132.8 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d.
Dec 31, 2023
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
97.9
97.9
Non-current loans receivable
I
5.4
-
3.5
-
3.5
Current assets
Accounts receivable
-
2,495.1
-
2,495.1
Derivative assets
5.7
-
5.8
11.5
Current deposits and loans receivable
I
5.4
972.0
291.9
-
1,263.9
Cash and cash equivalents
I
-
424.5
-
424.5
Total financial assets
977.7
3,215.0
103.7
4,296.4
Non-current liabilities \u00b9
Loans
I
-
200.4
-
200.4
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.0
-
3.0
Option liabilities from acquisitions
I
2.3
-
-
2.3
Accounts payable
-
927.0
-
927.0
Derivative liabilities
9.6
-
19.0
28.6
Total financial liabilities
11.9
1,130.5
19.0
1,161.3
\u00b9
Excluding non-current lease liabilities of EUR 238.3 million.
\u00b2
Excluding current lease liabilities of EUR 110.9 million.
The fair values of the financial assets and liabilities are not materially different from their book values.
Interest-bearing net debt comprises items marked with \u201c I \u201d.
5.4 Shares, deposits and other assets Shares include a 19.9% holding in Toshiba Elevator and Building Systems Corporation (TELC) which is an investment in equity instruments that does not have a quoted price in an active market. The fair value of TELC shares is determined using a discounted cash flow model with the key inputs to the model including forecasted future dividends and other cash inflows to KONE, and the discount rate. While the fair value of the investment is sensitive to changes in these two assumptions, there is no reasonably possible change to these assumptions that would result in material impact on the total assets or equity of KONE. Other non-current financial assets include investments in smaller holdings in other companies without public quotation. The fair values of deposits and loans receivable are not materially different from their carrying amounts. Current deposits mature within one year and consist of EUR 909.1 (972.0) million and EUR 312.8 (291.2) million of interest rate funds and short-term bank deposits, respectively. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-458": { "value": "Refinancing and liquidity risks KONE\u2019s cash and cash equivalents was EUR 576.0 (424.5) million and financial investments EUR 1,221.9 (1,263.2) million on December 31, 2024. Cash and financial investments are managed centrally by KONE Treasury. Due to local regulations, part of the funds resides in local investments and on decentralized bank accounts in a number of KONE countries. A substantial part of the funds is nevertheless accessible to KONE Treasury. Changes in the local regulations can also in the future have an impact on the location of the cash and financial investments. KONE has a fixed rate loan of EUR 200.0 (200.0) million and a floating rate loan of EUR 200.0 (0.0) million from the European Investment Bank (EIB) for R&D purposes. The fixed rate loan will mature in 2026 and floating rate loan will mature in 2031. The fair value of the loan is estimated based on discounted cash flow method using a current borrowing rate (level 2 fair value hierarchy) as the discount rate. KONE has also an uncommitted commercial paper program of EUR 500.0 (500.0) million and a sustainability-linked revolving credit facility of EUR 850.0 (850.0) million to ensure sufficient liquidity. The sustainability targets included in the facility relate to KONE\u2019s decarbonization and gender diversity commitments. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-488": { "value": "Refinancing and liquidity risks KONE\u2019s cash and cash equivalents was EUR 576.0 (424.5) million and financial investments EUR 1,221.9 (1,263.2) million on December 31, 2024. Cash and financial investments are managed centrally by KONE Treasury. Due to local regulations, part of the funds resides in local investments and on decentralized bank accounts in a number of KONE countries. A substantial part of the funds is nevertheless accessible to KONE Treasury. Changes in the local regulations can also in the future have an impact on the location of the cash and financial investments. Cash and cash equivalents Cash and cash equivalents include cash-in-hand and bank account balances. Bank overdrafts are included in other current liabilities . ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-489": { "value": "
Accounting principles
hedge accounting At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-476": { "value": "Accounting principles Derivative financial instruments Derivative financial instruments are initially and subsequently recognized at fair value in the statement of financial position. The fair values of foreign exchange forward contracts are calculated by discounting the future cash flows of the contracts with the relevant market interest rate yield curves on the valuation date and by calculating the difference between the discounted values as at the forward contract date and balance sheet date in euros. Currency options are valued as of each reporting date by using the Garman & Kohlhagen option valuation model. At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-438": { "value": "Accounting principles Derivative financial instruments and hedge accounting Derivative financial instruments are initially and subsequently recognized at fair value in the statement of financial position. The fair values of foreign exchange forward contracts are calculated by discounting the future cash flows of the contracts with the relevant market interest rate yield curves on the valuation date and by calculating the difference between the discounted values as at the forward contract date and balance sheet date in euros. Currency options are valued as of each reporting date by using the Garman & Kohlhagen option valuation model. At the contract date the derivatives are classified according to the foreign exchange policy as hedging instruments of a business transaction arising from a firm or highly probable purchase or sales contract. These are partly included in cash flow hedge accounting, hedges against fair value changes of assets or liabilities or hedges of net investments in foreign entities. In cash flow hedge accounting KONE may use foreign currency forward contracts and options to hedge its exposure in foreign currency dominated cash flows which ensures economic relationship between the hedged item and the hedging instrument and full effectiveness as the value of the hedging instrument and the value of the hedged item move in the opposite direction because of the common underlying denominator. The full fair value of derivatives, including transaction related forward points, is designated in the hedging relationship. The effective portion of changes in the fair values of the foreign exchange, where hedge accounting is applied, is recognized through the statement of comprehensive income to the hedge reserve within equity. The cumulative changes of fair values are transferred into the statement of income as adjustment items to costs and expenses simultaneously when the hedged sale or purchase realizes. When cash flow hedge accounting is applied, at the inception of the hedging transaction the economic relationship between hedging instruments and hedged items is documented including whether the hedging instrument is expected to offset changes in cash flows of hedged items. Also, the risk management objective and strategy for undertaking various hedge transactions is documented at the inception of each hedge relationship. Hedge effectiveness is assessed before hedge accounting is applied and at least on a quarterly basis thereafter. The gain or loss relating to the ineffective portion is recognized immediately as an adjustment to cost and expenses. In hedges of foreign currency transaction, ineffectiveness may arise if the timing of the forecast transaction changes from what was originally estimated. If a foreign exchange derivative included in the cash flow hedge accounting expires or is sold or when a hedge no longer meets the criteria for hedge accounting, the cumulative change in the fair value of the hedging instrument will remain in the hedge reserve and is recognized in the income statement at the same time with the hedged sale or purchase. The cumulative fair values of the hedging instruments are transferred from the hedge reserve to adjust cost and expenses immediately if the hedged cash flow is no longer expected to occur. The changes in the fair values of derivatives that are designated as hedging instruments but are not accounted for according to the principles of cash flow hedge accounting are recognized based on their nature either in the operative income or costs, or as financial income or expenses: if the hedged risk arises from an operative transaction, the fair values of the hedging instruments are recognized in costs and expenses, and if the hedged item is a monetary item, the fair values are recognized in financing items. Changes in the fair values of foreign exchange derivatives are recognized in financing income and expenses if the hedged item is a loan receivable, deposit or a financial asset or liability denominated in a foreign currency. The effective portion of the change in the fair values of currency forward contracts hedging translation differences arising from net investments in foreign subsidiaries, are recognized through the statement of comprehensive income to the translation differences within equity and would be transferred to the income statement in case the net investment were disposed of partially or in its entirety. The hedged risk is designated as movements in the spot rate (excluding changes due to interest rates i.e. forward points). Changes in fair value of the hedging instrument due to the forward points (cost of hedging) are immediately recognized in the consolidated statement of income. Fair values of derivative instruments are recognized under current assets and liabilities in the balance sheet . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-495": { "value": "Accounting principles
Derivative financial instruments and hedge accounting
Derivative financial instruments are initially and subsequently
recognized at fair value in the statement of financial position. The
fair values of foreign exchange forward contracts are calculated
by discounting the future cash flows of the contracts with the
relevant market interest rate yield curves on the valuation date
and by calculating the difference between the discounted values
as at the forward contract date and balance sheet date in euros.
Currency options are valued as of each reporting date by using
the Garman & Kohlhagen option valuation model.
At the contract date the derivatives are classified according to
the foreign exchange policy as hedging instruments of a business
transaction arising from a firm or highly probable purchase or
sales contract. These are partly included in cash flow hedge
accounting, hedges against fair value changes of assets or
liabilities or hedges of net investments in foreign entities.
In cash flow hedge accounting KONE may use foreign
currency forward contracts and options to hedge its exposure in
foreign currency dominated cash flows which ensures economic
relationship between the hedged item and the hedging instrument
and full effectiveness as the value of the hedging instrument and
the value of the hedged item move in the opposite direction
because of the common underlying denominator. The full fair
value of derivatives, including transaction related forward points,
is designated in the hedging relationship.
The effective portion of changes in the fair values of the
foreign exchange, where hedge accounting is applied, is
recognized through the statement of comprehensive income to
the hedge reserve within equity. The cumulative changes of fair
values are transferred into the statement of income as adjustment
items to costs and expenses simultaneously when the hedged
sale or purchase realizes. When cash flow hedge accounting is
applied, at the inception of the hedging transaction the economic
relationship between hedging instruments and hedged items is
documented including whether the hedging instrument is
expected to offset changes in cash flows of hedged items. Also,
the risk management objective and strategy for undertaking
various hedge transactions is documented at the inception of
each hedge relationship. Hedge effectiveness is assessed before
hedge accounting is applied and at least on a quarterly basis
thereafter.
The gain or loss relating to the ineffective portion is recognized
immediately as an adjustment to cost and expenses. In hedges of
foreign currency transaction, ineffectiveness may arise if the
timing of the forecast transaction changes from what was
originally estimated. If a foreign exchange derivative included in
the cash flow hedge accounting expires or is sold or when a
hedge no longer meets the criteria for hedge accounting, the
cumulative change in the fair value of the hedging instrument will
remain in the hedge reserve and is recognized in the income
statement at the same time with the hedged sale or purchase.
The cumulative fair values of the hedging instruments are
transferred from the hedge reserve to adjust cost and expenses
immediately if the hedged cash flow is no longer expected to
occur.
The changes in the fair values of derivatives that are
designated as hedging instruments but are not accounted for
according to the principles of cash flow hedge accounting are
recognized based on their nature either in the operative income or
costs, or as financial income or expenses: if the hedged risk
arises from an operative transaction, the fair values of the hedging
instruments are recognized in costs and expenses, and if the
hedged item is a monetary item, the fair values are recognized in
financing items.
Changes in the fair values of foreign exchange derivatives are
recognized in financing income and expenses if the hedged item
is a loan receivable, deposit or a financial asset or liability
denominated in a foreign currency.
The effective portion of the change in the fair values of
currency forward contracts hedging translation differences arising
from net investments in foreign subsidiaries, are recognized
through the statement of comprehensive income to the translation
differences within equity and would be transferred to the income
statement in case the net investment were disposed of partially or
in its entirety. The hedged risk is designated as movements in the
spot rate (excluding changes due to interest rates i.e. forward
points). Changes in fair value of the hedging instrument due to the
forward points (cost of hedging) are immediately recognized in the
consolidated statement of income.
Fair values of derivative instruments are recognized under
current assets and liabilities in the balance sheet .
Derivatives Treasury policy for hedging purposes is applied to all derivative contracts. The majority of the foreign exchange derivatives and swaps mature within a year. The fair values of foreign exchange derivatives and swaps are measured based on price information derived from active markets and commonly used valuation methods (fair value hierarchy level 2). Financial contracts are executed only with counterparties that have high credit ratings. The credit risk of the counterparties and KONE is considered when assessing the fair values of outstanding financial assets and liabilities. The fair values of the derivatives are represented in the balance on a gross basis and can be set off on conditional terms such as breach of contract or bankruptcy. Derivative financial receivables from counterparties after set off would be EUR 9.2 (1.3) million and payables EUR 9.4 (18.3) million.
Dec 31, 2024
Dec 31, 2023
Fair values of derivative financial instruments,
Derivative
MEUR
Derivative assets
liabilities
Fair value, net
Fair value, net
Foreign exchange derivatives
In cash flow hedge accounting
13.3
-26.7
-13.5
-13.2
In net investment hedge accounting
-
-13.3
-13.3
0.0
Other foreign exchange hedges
31.2
-4.5
26.7
-3.9
Total
44.4
-44.5
-0.1
-17.0
Nominal values of derivative financial instruments,
MEUR
Dec 31, 2024
Dec 31, 2023
Foreign exchange derivatives
In cash flow hedge accounting
1,313.5
1,114.3
In net investment hedge accounting
315.9
437.9
Other foreign exchange hedges
1,765.8
1,730.2
Total
3,395.2
3,282.3
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-490": { "value": "
Accounting principles
Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. Accounting principles Shares and other non-current financial assets Shares include long-term strategic investments, which are investments in equity instruments that do not have a quoted price in an active market. Shares are classified as investments measured at fair value through other comprehensive income. The fair value is measured using income or market approach valuation techniques under fair value hierarchy level 3. Upon disposal of these investments, any balance within the fair value and other reserves for these investments is reclassified to retained earnings and is not reclassified to the statement of income. Other non-current financial assets are measured at cost. Investment properties Investment properties include properties held by KONE to earn rental income or capital appreciation accounted for under IAS 40. On a longer term KONE expects to sell these assets. Investment properties are measured using the cost model with the carrying value equaling to initial cost less accumulated depreciation and impairment losses. Other non-current receivables Other non-current receivables include credits obtained from residential sector customers in modernization projects. These credits are utilized by netting them against income tax and other related charges becoming payable through regular business activities in the following years and are accounted for under IAS 12. The receivables are subject to review for impairment in reporting periods subsequent to initial recognition. There were no impairment charges recognized during the reporting period. The receivables are not discounted . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-477": { "value": "Accounting principles Loans Loans payable are in the consolidated statement of financial position presented as part of other financial liabilities. They are measured initially at fair value net of directly attributable transaction costs incurred and are subsequently carried at amortized cost using the effective interest rate method. Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-439": { "value": "Loans Loans payable are in the consolidated statement of financial position presented as part of other financial liabilities. They are measured initially at fair value net of directly attributable transaction costs incurred and are subsequently carried at amortized cost using the effective interest rate method. Lease liabilities are measured to the present value of future lease payments discounted with the incremental borrowing rate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-409": { "value": "Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. 5.4 Shares, deposits and other assets Shares include a 19.9% holding in Toshiba Elevator and Building Systems Corporation (TELC) which is an investment in equity instruments that does not have a quoted price in an active market. The fair value of TELC shares is determined using a discounted cash flow model with the key inputs to the model including forecasted future dividends and other cash inflows to KONE, and the discount rate. While the fair value of the investment is sensitive to changes in these two assumptions, there is no reasonably possible change to these assumptions that would result in material impact on the total assets or equity of KONE. Other non-current financial assets include investments in smaller holdings in other companies without public quotation. The fair values of deposits and loans receivable are not materially different from their carrying amounts. Current deposits mature within one year and consist of EUR 909.1 (972.0) million and EUR 312.8 (291.2) million of interest rate funds and short-term bank deposits, respectively.
Accounting principles
Shares and other non-current financial assets
Shares include long-term strategic investments, which are
investments in equity instruments that do not have a quoted
price in an active market.
Shares are classified as investments measured at fair
value through other comprehensive income. The fair value is
measured using income or market approach valuation
techniques under fair value hierarchy level 3. Upon disposal of
these investments, any balance within the fair value and other
reserves for these investments is reclassified to retained
earnings and is not reclassified to the statement of income.
Other non-current financial assets are measured at cost.
Investment properties
Investment properties include properties held by KONE to
earn rental income or capital appreciation accounted for under
IAS 40. On a longer term KONE expects to sell
these assets. Investment properties are measured using the
cost model with the carrying value equaling to initial cost less
accumulated depreciation and impairment losses.
Other non-current receivables
Other non-current receivables include credits obtained from
residential sector customers in modernization projects. These
credits are utilized by netting them against income tax and
other related charges becoming payable through regular
business activities in the following years and are accounted for
under IAS 12. The receivables are subject to review for
impairment in reporting periods subsequent to initial
recognition. There were no impairment charges recognized
during the reporting period. The receivables are not
discounted .
Shares, deposits and other assets,
MEUR
Dec 31, 2024
Dec 31, 2023
Shares and other non-current assets
Shares
96.2
95.0
Other financial assets
2.7
2.9
Non-current loans receivable
I
4.4
3.5
Investment properties
II
0.4
-
Other non-current receivables
II
46.6
-
Total
150.3
101.5
Deposits and other current assets
Current deposits
I
1,221.9
1,263.2
Current loans receivable
I
1.1
0.6
Total
1,223.0
1,263.9
Items designated \" I \" comprise interest-bearing net debt.
Items designated \" II \" comprise net working capital.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-440": { "value": "Current deposits and loans receivable Current deposits and loans receivable are initially recognized at fair value and thereafter at amortized cost using the effective interest rate method except for interest rate funds which are classified and measured as investments at fair value through profit or loss. Only substantial transaction costs are considered for when measuring the acquisition cost. Investments in commercial papers, short-term bank deposits, interest rate funds and other money market instruments are included in deposits and loans receivable. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-478": { "value": "Cash and cash equivalents Cash and cash equivalents include cash-in-hand and bank account balances. Bank overdrafts are included in other current liabilities . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-441": { "value": "
Dec 31, 2024
Dec 31, 2023
Fair values of derivative financial instruments,
Derivative
MEUR
Derivative assets
liabilities
Fair value, net
Fair value, net
Foreign exchange derivatives
In cash flow hedge accounting
13.3
-26.7
-13.5
-13.2
In net investment hedge accounting
-
-13.3
-13.3
0.0
Other foreign exchange hedges
31.2
-4.5
26.7
-3.9
Total
44.4
-44.5
-0.1
-17.0
Dec 31, 2024
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
98.9
98.9
Non-current loans receivable
I
5.4
-
4.4
-
4.4
Current assets
Accounts receivable
-
2,494.8
-
2,494.8
Derivative assets
31.2
-
13.3
44.4
Current deposits and loans receivable
I
5.4
909.1
313.9
-
1,223.0
Cash and cash equivalents
I
-
576.0
-
576.0
Total financial assets
940.3
3,389.1
112.2
4,441.5
Non-current liabilities \u00b9
Loans
I
-
400.7
-
400.7
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.1
-
3.1
Option liabilities from acquisitions
I
9.2
-
-
9.2
Accounts payable
-
982.9
-
982.9
Derivative liabilities
4.5
-
40.0
44.5
Total financial liabilities
13.7
1,386.7
40.0
1,440.5
\u00b9 Excluding non-current lease liabilities of EUR 299.8 million. \u00b2 Excluding current lease liabilities of EUR 132.8 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d.
Dec 31, 2023
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
97.9
97.9
Non-current loans receivable
I
5.4
-
3.5
-
3.5
Current assets
Accounts receivable
-
2,495.1
-
2,495.1
Derivative assets
5.7
-
5.8
11.5
Current deposits and loans receivable
I
5.4
972.0
291.9
-
1,263.9
Cash and cash equivalents
I
-
424.5
-
424.5
Total financial assets
977.7
3,215.0
103.7
4,296.4
Non-current liabilities \u00b9
Loans
I
-
200.4
-
200.4
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.0
-
3.0
Option liabilities from acquisitions
I
2.3
-
-
2.3
Accounts payable
-
927.0
-
927.0
Derivative liabilities
9.6
-
19.0
28.6
Total financial liabilities
11.9
1,130.5
19.0
1,161.3
\u00b9 Excluding non-current lease liabilities of EUR 238.3 million. \u00b2 Excluding current lease liabilities of EUR 110.9 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-459": { "value": "
Dec 31, 2024
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
98.9
98.9
Non-current loans receivable
I
5.4
-
4.4
-
4.4
Current assets
Accounts receivable
-
2,494.8
-
2,494.8
Derivative assets
31.2
-
13.3
44.4
Current deposits and loans receivable
I
5.4
909.1
313.9
-
1,223.0
Cash and cash equivalents
I
-
576.0
-
576.0
Total financial assets
940.3
3,389.1
112.2
4,441.5
Non-current liabilities \u00b9
Loans
I
-
400.7
-
400.7
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.1
-
3.1
Option liabilities from acquisitions
I
9.2
-
-
9.2
Accounts payable
-
982.9
-
982.9
Derivative liabilities
4.5
-
40.0
44.5
Total financial liabilities
13.7
1,386.7
40.0
1,440.5
\u00b9 Excluding non-current lease liabilities of EUR 299.8 million. \u00b2 Excluding current lease liabilities of EUR 132.8 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d.
Dec 31, 2023
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
97.9
97.9
Non-current loans receivable
I
5.4
-
3.5
-
3.5
Current assets
Accounts receivable
-
2,495.1
-
2,495.1
Derivative assets
5.7
-
5.8
11.5
Current deposits and loans receivable
I
5.4
972.0
291.9
-
1,263.9
Cash and cash equivalents
I
-
424.5
-
424.5
Total financial assets
977.7
3,215.0
103.7
4,296.4
Non-current liabilities \u00b9
Loans
I
-
200.4
-
200.4
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.0
-
3.0
Option liabilities from acquisitions
I
2.3
-
-
2.3
Accounts payable
-
927.0
-
927.0
Derivative liabilities
9.6
-
19.0
28.6
Total financial liabilities
11.9
1,130.5
19.0
1,161.3
\u00b9 Excluding non-current lease liabilities of EUR 238.3 million. \u00b2 Excluding current lease liabilities of EUR 110.9 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d. 5.4 Shares, deposits and other assets Shares include a 19.9% holding in Toshiba Elevator and Building Systems Corporation (TELC) which is an investment in equity instruments that does not have a quoted price in an active market. The fair value of TELC shares is determined using a discounted cash flow model with the key inputs to the model including forecasted future dividends and other cash inflows to KONE, and the discount rate. While the fair value of the investment is sensitive to changes in these two assumptions, there is no reasonably possible change to these assumptions that would result in material impact on the total assets or equity of KONE. Other non-current financial assets include investments in smaller holdings in other companies without public quotation. The fair values of deposits and loans receivable are not materially different from their carrying amounts. Current deposits mature within one year and consist of EUR 909.1 (972.0) million and EUR 312.8 (291.2) million of interest rate funds and short-term bank deposits, respectively. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-479": { "value": "
Dec 31, 2024
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
98.9
98.9
Non-current loans receivable
I
5.4
-
4.4
-
4.4
Current assets
Accounts receivable
-
2,494.8
-
2,494.8
Derivative assets
31.2
-
13.3
44.4
Current deposits and loans receivable
I
5.4
909.1
313.9
-
1,223.0
Cash and cash equivalents
I
-
576.0
-
576.0
Total financial assets
940.3
3,389.1
112.2
4,441.5
Non-current liabilities \u00b9
Loans
I
-
400.7
-
400.7
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.1
-
3.1
Option liabilities from acquisitions
I
9.2
-
-
9.2
Accounts payable
-
982.9
-
982.9
Derivative liabilities
4.5
-
40.0
44.5
Total financial liabilities
13.7
1,386.7
40.0
1,440.5
\u00b9
Excluding non-current lease liabilities of EUR 299.8 million.
\u00b2
Excluding current lease liabilities of EUR 132.8 million.
The fair values of the financial assets and liabilities are not materially different from their book values.
Interest-bearing net debt comprises items marked with \u201c I \u201d.
Dec 31, 2023
Measured at fair
Measured at
value through
Values of financial assets and liabilities by
fair value
Measured at
other
category,
through profit
amortized
comprehensive
Total book
MEUR
Note
or loss
cost
income
value
Non-current assets
Shares and other non-current financial assets
5.4
-
-
97.9
97.9
Non-current loans receivable
I
5.4
-
3.5
-
3.5
Current assets
Accounts receivable
-
2,495.1
-
2,495.1
Derivative assets
5.7
-
5.8
11.5
Current deposits and loans receivable
I
5.4
972.0
291.9
-
1,263.9
Cash and cash equivalents
I
-
424.5
-
424.5
Total financial assets
977.7
3,215.0
103.7
4,296.4
Non-current liabilities \u00b9
Loans
I
-
200.4
-
200.4
Current liabilities
Other interest-bearing liabilities \u00b2
I
-
3.0
-
3.0
Option liabilities from acquisitions
I
2.3
-
-
2.3
Accounts payable
-
927.0
-
927.0
Derivative liabilities
9.6
-
19.0
28.6
Total financial liabilities
11.9
1,130.5
19.0
1,161.3
\u00b9 Excluding non-current lease liabilities of EUR 238.3 million. \u00b2 Excluding current lease liabilities of EUR 110.9 million. The fair values of the financial assets and liabilities are not materially different from their book values. Interest-bearing net debt comprises items marked with \u201c I \u201d. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-410": { "value": "5.5 Commitments Banks and financial institutions have guaranteed obligations arising in the ordinary course of business of KONE companies up to a maximum of EUR 1,891.8 (1,983.7) million as of December 31, 2024. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-460": { "value": "5.5 Commitments Banks and financial institutions have guaranteed obligations arising in the ordinary course of business of KONE companies up to a maximum of EUR 1,891.8 (1,983.7) million as of December 31, 2024. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-442": { "value": "Investment properties Investment properties include properties held by KONE to earn rental income or capital appreciation accounted for under IAS 40. On a longer term KONE expects to sell these assets. Investment properties are measured using the cost model with the carrying value equaling to initial cost less accumulated depreciation and impairment losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-480": { "value": "
Shares, deposits and other assets,
MEUR
Dec 31, 2024
Dec 31, 2023
Shares and other non-current assets
Shares
96.2
95.0
Other financial assets
2.7
2.9
Non-current loans receivable
I
4.4
3.5
Investment properties
II
0.4
-
Other non-current receivables
II
46.6
-
Total
150.3
101.5
Deposits and other current assets
Current deposits
I
1,221.9
1,263.2
Current loans receivable
I
1.1
0.6
Total
1,223.0
1,263.9
Items designated \" I \" comprise interest-bearing net debt. Items designated \" II \" comprise net working capital. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-443": { "value": "
5.6 Employee benefits
KONE operates various employee benefit plans throughout its
locations. These plans include both defined contribution and
defined benefit schemes. The pension benefits provided by
KONE to its employees are primarily organized through
defined contribution plans.
KONE\u2019s most significant funded defined benefit plans are
in the United Kingdom and in the United States. Defined
benefit pension plans are funded by KONE to satisfy local
statutory funding requirements. The assets are managed by
external fund managers. The funds are allocated between
equities and fixed income instruments in order to provide
return at target level and limited risk profile. The valuations of
the obligations are carried out by independent qualified
actuaries. The discount rates used in actuarial calculations of
the employee benefit liabilities are adjusted to market rates.
In the United Kingdom, the pension scheme is designed
according to the Definitive Trust Deed and Rules and
complies with the guidelines of the UK Pension Regulator.
The pension scheme has been closed for new members as of
March 2002 and is managed through KONE Pension Trustees
Ltd. The UK subsidiary is reviewing their pension scheme to
assess any potential impacts from a recent Section 37 court
ruling, including checking past amendments and necessary
approvals.
In the United States, a part of KONE\u2019s employees are
members of the Employees\u2019 Retirement Plan, which is a
funded defined benefit plan. The plan is managed by KONE
Inc.\u2019s Pension Committee. In addition to this pension plan,
KONE also provides post-employment medical and life
insurance benefits. These predominantly unfunded other post-
employment benefit plans qualify as defined benefit plans
under IFRS. The plan has been frozen as of July 2024. KONE
is also a participant in a multi-employer employee benefit plan
in the United States. In this defined contribution plan KONE
pays a contribution based on the hours worked by
participating employees, KONE\u2019s obligation is limited to this
payment.
KONE\u2019s main unfunded defined benefit plans are in
Germany, Italy (TFR Trattamento di Fine Rapporto,
termination indemnity plan) and in Sweden. The pension
schemes in Germany and the TFR plan in Italy are closed
from new entrants. In Sweden, the pension cover is organized
through defined contribution as well as unfunded defined
benefit plans (ITP system, Industrins och handelns
till\u00e4ggspension).
KONE has defined contribution plans for pensions and
other post-employment benefits in most countries. Under
defined contribution plans KONE\u2019s contributions are recorded
as an expense in the accounting period to which they relate.
Recognition of a liability is not required because KONE\u2019s
obligation is limited to the payment of the contributions into
these plans or funds.
The defined contribution pension plan in Finland is the
statutory Finnish employee pension scheme (Finnish
Statutory Employment Pension Scheme \u201cTyEL\u201c), according to
which the benefits are directly linked to the beneficiary\u2019s
earnings. TyEL is arranged through pension insurance
companies.
Defined benefit obligations expose KONE to various risks.
Corporate bond yields are used as a reference in determining
the discount rates used for calculation of defined benefit plan
related obligations. A decrease in corporate bond yields
hence will increase the present value of the defined benefit
obligation. A plan deficit can occur if the performance of the
plan assets is below the above-mentioned yield. These
potential deficits may require further contributions to the plan
assets by the Group.
Some of the Group\u2019s defined benefit obligations are linked
to general inflation and salary level development. Higher level
of inflation and salary level will result in a higher present value
of the benefit obligation.
Some of the defined benefit plans obligate KONE to
provide benefits to plan members for their lifetime. Therefore,
any increase in life expectancy will increase defined benefit
liability of these plans.
Accounting principles
Employee benefits
The Group operates various employee benefit plans in
accordance with local conditions and practices. The
plans are classified as either defined contribution
plans or defined benefit plans. The pension plans are
generally funded by payments from employees and by
the relevant KONE companies. The assets of these
plans are generally held in separate insurance
companies or trustee-administered funds. Pension
costs and liabilities are based on calculations by the
local authorities or independent qualified actuaries.
Contributions to the defined contribution plans are
charged directly to the statement of income in the year
to which these contributions relate. For defined benefit
plans, pension cost is determined based on the advice
of qualified actuaries who carry out a full valuation of
the plan on a regular basis using the projected unit
credit method. Under this method, the costs of
providing pensions are charged to the statement of
income so as to spread the regular costs over the
working lives of employees. KONE presents the
service cost relating to defined benefit obligations in
employment expenses while the net interest is
presented in financing expenses.
The liability arising from the defined benefit post-
employment plans is the present value of the defined
benefit obligation less the fair value of plan assets.
The discount rates used in the actuarial calculations of
employee benefits liabilities are adjusted to market
rates. Obligations to pay long-term disability benefit,
the level of which is dependent on the length of
service of the employee, are measured to reflect the
probability that payments will be required and the
length of service for which it is expected to be made .
Other post-employment
Changes in benefit plan assets and liabilities by
Defined benefit plan liability
benefit liability
Fair value of plan assets
Net defined benefit balance
category,
MEUR
Dec 31, 2024
Dec 31, 2023
Dec 31, 2024
Dec 31, 2023
Dec 31, 2024
Dec 31, 2023
Dec 31, 2024
Dec 31, 2023
Balance at beginning of period
535.1
519.2
7.5
8.9
418.7
398.2
123.9
130.0
Current service costs
18.0
17.3
0.2
0.2
-
-
18.2
17.4
Interest expense
23.5
23.3
0.3
0.4
-
-
23.8
23.6
Interest income
-
-
-
-
18.8
18.7
-18.8
-18.7
Other
-3.9
-3.8
-
-
-3.2
-3.0
-0.7
-0.8
Components of defined benefit costs recognized
37.7
36.8
0.5
0.5
15.6
15.7
22.6
21.6
in the consolidated statements of income
Return on plan assets, excluding interest income
-
-
-
-
-18.9
5.0
18.9
-5.0
Remeasurements
-11.7
12.2
0.3
-1.1
-
-
-11.5
11.1
Remeasurements recognized in the consolidated
-11.7
12.2
0.3
-1.1
-18.9
5.0
7.4
6.1
statements of comprehensive income
Employer contributions
-
-
-
-
20.6
26.0
-20.6
-26.0
Plan participants\u2019 contributions
2.2
2.0
0.2
0.2
2.4
2.2
-
-
Benefits paid
-27.2
-35.0
-0.8
-0.8
-21.3
-28.9
-6.7
-6.9
Settlement payments
-0.1
-0.3
-
-
-0.1
-
-
-0.3
Business combinations, disposals and other
0.7
0.7
-
-
-
-
0.7
0.7
Foreign currency translation effects
17.3
-0.7
0.5
-0.3
18.5
0.4
-0.7
-1.3
Other reconciling items
-7.2
-33.2
-0.1
-0.9
20.1
-0.2
-27.4
-33.9
Balance at end of period
553.8
535.1
8.1
7.5
435.5
418.7
126.5
123.9
Present value of unfunded obligations
97.9
86.1
8.1
7.5
-
-
106.1
93.6
Present value of funded obligations
455.9
449.0
-
-
-
-
455.9
449.0
Fair value of benefit plans' assets
-
-
-
-
435.5
418.7
-435.5
-418.7
Total
553.8
535.1
8.1
7.5
435.5
418.7
126.5
123.9
As of December 31, 2024 employee benefit liabilities were EUR 561.9 (542.5) million. Employee benefit liabilities comprise EUR 537.4 (519.2) million with weighted average duration of over
5 years and EUR 24.6 (23.3) million with weighted average duration of 1\u20135 years.
The expected contributions to defined benefit type arrangements in 2025 are EUR 29.8 million.
The actual return on defined benefit plans\u2019 assets was EUR 0.0 (23.7) million.
Fair values of major classes of plan assets,
MEUR
Dec 31, 2024
Dec 31, 2023
Fair value of plan assets with a quoted market price
402.6
388.6
Other
32.9
30.1
Total
435.5
418.7
Amounts recognized in the statement of income,
MEUR
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Defined contribution pension plans
341.9
323.5
Defined benefit pension plans
22.1
21.1
Other post-employment benefits
0.5
0.5
Total
364.5
.
345.0
Defined benefit plans: assumptions used in
Dec 31, 2024
Dec 31, 2023
calculating benefit obligations
Europe
USA
Europe
USA
Discount rate
4.1%
5.5%
4.0%
4.8%
Future salary increase
1.6%
-
1.1%
4.0%
Future pension increase
4.6%
-
1.3%
0.0%
Sensitivity of the defined benefit
Impact on defined benefit obligation
obligation to changes in actuarial
Change in
assumptions
assumptions
Dec 31, 2024
Dec 31, 2023
Discount rate
+0.25p.p.
-1.9%
-2.5%
Discount rate
-0.25p.p.
3.0%
2.7%
Future pension increase
+0.25p.p.
1.1%
1.0%
Future pension increase
-0.25p.p.
-1.0%
-1.0%
.
Sensitivities are calculated by changing one assumption at a time while keeping other variables constant.
6.1 Management remuneration
KONE\u2019s management remuneration covers the Board of
Directors, President and CEO and the Executive Board.
More information is available in KONE Remuneration Report.
Board of Directors
Decided by the Annual General Meeting, the annual
compensation for the Board of Directors is paid 40% in KONE
Corporation class B shares and 60% in cash. The annual
compensation of the members of the board committees is
paid in cash. Board fees are not paid to a board member who
is employed by the company with a separate employment
contract.
The Vice Chair of the Board, Jussi Herlin has a separate
employment contract for his role as Executive Vice Chair of
the Board at KONE. The employment-based compensation for
Jussi Herlin consists of a base salary, benefits and an annual
short-term incentive decided by the Board on the basis of the
Group\u2019s financial result. The short-term incentive may not
exceed 100 percent of the recipient\u2019s annual base salary. The
Executive Vice Chair\u2019s retirement age and pension are
determined in accordance with Finland\u2019s Pensions Act.
Statutory pension cost for the year 2024 was EUR 39.6
thousand. No separate agreement regarding early retirement
has been made.
The carrying value of the pension liability for Board
Member Matti Alahuhta (served as President & CEO until
March 31, 2014) included in the balance sheet is EUR 4,608.2
thousand at the end of 2024 and the yearly pension paid to
him by KONE in 2024 was EUR 312.4 thousand.
Compensation paid to the Board of Directors, \u00b9 \u00b2
EUR, thousand
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Herlin Antti, Chairman of the Board
230.0
230.0
Herlin Jussi, Vice Chair of the Board \u00b3
241.3
126.5
Alahuhta Matti
120.0
130.0
Duinhoven Susan
130.0
130.0
Herlin Iiris
110.0
110.0
Kant Ravi
110.0
120.0
Mikkilineni Krishna
110.0
110.0
Fredriksson Marika
130.0
120.0
Ihamuotila Timo \u2074
120.0
-
Manubens Marcela \u2075
-
110.0
Total
1,301.3
1,186.5
1 Holdings of the shares are presented in the Corporate Governance Statement. 2 Includes also the annual compensation of the Board which was performed by using shares of KONE Corporation decided by the Annual General Meeting held on February 29, 2024 3 Remuneration paid based on employment. 4 Board member since February 29, 2024. 5 Board member until February 29, 2024. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-411": { "value": "Accounting principles Employee benefits The Group operates various employee benefit plans in accordance with local conditions and practices. The plans are classified as either defined contribution plans or defined benefit plans. The pension plans are generally funded by payments from employees and by the relevant KONE companies. The assets of these plans are generally held in separate insurance companies or trustee-administered funds. Pension costs and liabilities are based on calculations by the local authorities or independent qualified actuaries. Contributions to the defined contribution plans are charged directly to the statement of income in the year to which these contributions relate. For defined benefit plans, pension cost is determined based on the advice of qualified actuaries who carry out a full valuation of the plan on a regular basis using the projected unit credit method. Under this method, the costs of providing pensions are charged to the statement of income so as to spread the regular costs over the working lives of employees. KONE presents the service cost relating to defined benefit obligations in employment expenses while the net interest is presented in financing expenses. The liability arising from the defined benefit post- employment plans is the present value of the defined benefit obligation less the fair value of plan assets. The discount rates used in the actuarial calculations of employee benefits liabilities are adjusted to market rates. Obligations to pay long-term disability benefit, the level of which is dependent on the length of service of the employee, are measured to reflect the probability that payments will be required and the length of service for which it is expected to be made . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-412": { "value": "
Compensation paid to the Board of Directors, \u00b9 \u00b2
EUR, thousand
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Herlin Antti, Chairman of the Board
230.0
230.0
Herlin Jussi, Vice Chair of the Board \u00b3
241.3
126.5
Alahuhta Matti
120.0
130.0
Duinhoven Susan
130.0
130.0
Herlin Iiris
110.0
110.0
Kant Ravi
110.0
120.0
Mikkilineni Krishna
110.0
110.0
Fredriksson Marika
130.0
120.0
Ihamuotila Timo \u2074
120.0
-
Manubens Marcela \u2075
-
110.0
Total
1,301.3
1,186.5
1
Holdings of the shares are presented in the Corporate Governance Statement.
2
Includes also the annual compensation of the Board which was performed by using shares of KONE Corporation decided by the Annual General Meeting held on
February 29, 2024
3
Remuneration paid based on employment.
4
Board member since February 29, 2024.
5
Board member until February 29, 2024.
Remuneration paid to the President and CEO and to the members of the Executive Board
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
The President & CEO
Members of the
The President & CEO
Members of the
Philippe Delorme
Executive Board
Henrik Ehrnrooth
Executive Board
Base salary
819,4
3,880.2
737.9
5,705.8
Benefits
131,7
999.0
24.8
657.7
Annual short-term incentive \u00b2
-
2,502.1
465.7
1,987.8
Long-term incentive plan
-
3,854.7
-
2,076.2
Pensions
80,0
18.3
-
19.2
Total compensation
1,031.2
11,254.3
1,228.4
10,446.7
Performance based long-term incentive plans for the President and CEO and the Executive Board as of December 31, 2024
President and CEO -
The President and
Executive Board -
Executive Board -
Number of shares,
CEO - Number of
Number of shares,
Number of transferred
Performance
maximum earning
transferred shares for
maximum earning
shares for vested
Plan \u00b3
Period
Vesting Year
opportunity \u2074
vested plans
opportunity \u2074
plans
LTI 2021
Jan 2021 -
2024
-
-
-
48,937
Dec 2023
LTI 2022
Jan 2022 -
2025
-
-
250,445
-
Dec 2024
LTI 2023
Jan 2023 -
2026
-
-
296,081
-
Dec 2025
LTI 2024
Jan 2024 -
2027
85,247
-
332,465
-
Dec 2026
1
Holdings of the shares are presented in the Corporate Governance Statement.
2
Short-term incentive paid in 2024 (2023) was earned in 2023 (2022). President & CEO Henrik Ehrnrooth's 2023 annual short-term incentive of EUR 1,084.8
thousand was paid in 2024.
3
LTI 2023, LTI 2022 and LTI 2021 were granted to Henrik Ehrnrooth and paid as part of exit agreement. LTI 2024 was granted to Philippe Delorme.
4
The maximum number of KONE class B shares available for earning (gross before deduction for applicable taxes).
6.3 Related party transactions KONE\u2019s related parties comprise its subsidiaries as well as the Board of Directors, the President & CEO, and the Executive Board including any companies controlled or significantly influenced by them. The Corporate Controlling function evaluates and monitors transactions between the Group and its related parties to ensure that any conflicts of interest are taken into account appropriately in KONE\u2019s decision making process. Except for management remuneration there have not been any material transactions between KONE and its members of the Board of Directors, the President & CEO, the Executive Board including any companies controlled or significantly influenced by them. Information concerning management remuneration is disclosed in note 6.1 and shares held by the members of the Board of Directors, the President & CEO, the Executive Board is disclosed in the Corporate Governance Statement. KONE\u2019s subsidiaries are disclosed in the Subsidiaries section of the Annual Review.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-461": { "value": "
Compensation paid to the Board of Directors, \u00b9 \u00b2
EUR, thousand
Jan 1\u2013Dec 31, 2024
Jan 1\u2013Dec 31, 2023
Herlin Antti, Chairman of the Board
230.0
230.0
Herlin Jussi, Vice Chair of the Board \u00b3
241.3
126.5
Alahuhta Matti
120.0
130.0
Duinhoven Susan
130.0
130.0
Herlin Iiris
110.0
110.0
Kant Ravi
110.0
120.0
Mikkilineni Krishna
110.0
110.0
Fredriksson Marika
130.0
120.0
Ihamuotila Timo \u2074
120.0
-
Manubens Marcela \u2075
-
110.0
Total
1,301.3
1,186.5
1 Holdings of the shares are presented in the Corporate Governance Statement. 2 Includes also the annual compensation of the Board which was performed by using shares of KONE Corporation decided by the Annual General Meeting held on February 29, 2024 3 Remuneration paid based on employment. 4 Board member since February 29, 2024. 5 Board member until February 29, 2024. President and CEO Philippe Delorme joined KONE as the President and CEO on January 1, 2024. The compensation for the President and CEO Philippe Delorme consists of an annual base salary, short-term incentive plan, long-term incentive plan, fringe benefits and contribution towards pension as determined by the Board. Since Philippe Delorme joined KONE in January 2024, he was not eligible for short-term incentive payment in 2024. The performance criteria applied to the annual short- term incentive in 2024, payable in 2025, was based on KONE\u2019s financial and strategic performance as well as individual performance. It may not exceed 150 percent of his annual salary. In addition, Philippe Delorme is included in the performance based long-term incentive plan 2024 for the Group\u2019s top management. Additional information concerning share-based incentives of the President and CEO is disclosed in note 6.2 Share-based payments. Philippe Delorme\u2019s retirement age and pension are determined in accordance with Finland\u2019s Pensions Act. Statutory pension cost for the year 2024 was EUR 158.9 thousand. In addition, he receives a contribution of EUR 80 thousand to maintain his French pension scheme. There is no separate agreement regarding early retirement. His employment contract includes a severance entitlement to an equivalent of 18 months\u2019 salary, which includes the salary for a six-month term of notice in case of termination before retirement. Henrik Ehrnrooth, the President and CEO until 31 December 2023, received total of 135,417 gross shares from LTI 2021, LTI 2022 and LTI 2023 in January 2024 based on an exit agreement and Board of Directors\u2019 decision. Additionally, a cash amount of EUR 2,488.7 thousand equaling to 49,339 KONE class B shares granted by the Board were paid to Henrik Ehrnrooth as an additional incentive in November 2024 based on the achievement of specific performance metrics. The early payment of LTI 2022 and LTI 2023 together with the additional share-based incentive replaced the contractual notice of termination and severance payments. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-444": { "value": "
6.2 Share-based payments
KONE has two share-based incentive plan structures, a
performance-based long-term incentive plan structure (LTI)
and a restricted share plan structure (RSP).
Share-based payments recognized as an expense in the
statements of income amounted to EUR 38.0 (34.3) million in
2024.
Performance based long-term incentive plan
structure
The performance based long-term incentive plan structure
(LTI) emphasizes profitable growth and sustainability. It
consists of annually commencing individual share plans, each
with a three-year rolling performance period. The performance
criteria for each commencing performance year is determined
on an annual basis. The plans vest and are delivered in one
portion after the three-year performance period, based on
accumulated outcomes of each performance year. If the
participant's employment or service relationship with KONE
Group terminates before the end of the performance period,
the participant, as a rule, forfeits the share award without
compensation.
The target group and targets for each annually
commencing long-term incentive plan as well as possible
rewards are decided upon annually by the Board. As part of
the plan for the top management, a long-term share
ownership target has been set. For the Executive Board
members, the ownership target of KONE shares corresponds
to a minimum of five years\u2019 annual base salary. For other
selected top management positions, the ownership target
corresponds a minimum of two years\u2019 base salary.
The performance based long-term incentive plan is
targeted to approximately 570 top leaders annually, including
the President and CEO, members of the Executive Board and
selected key employees of KONE Group. The performance
criteria applied to the 2021, 2022, 2023 and 2024
performance years are based on annual growth in sales,
adjusted EBIT margin (jointly 80%) and improvements in
sustainability. The sustainability performance condition is a
combination of reductions in carbon footprint, diversity and
inclusion as well as safety related targets.
Accounting principles
Share-based payments
KONE share-based incentive plan structures are targeted to
the top management and other key employees of KONE.
Pursuant to the plan rules, the potential rewards are settled
as a combination of KONE class B shares and/or cash when
the criteria set in the terms and conditions for the plan are
met. The number of shares earned by participants under the
share-based incentive plan structures are determined on
gross basis with deduction for taxes made when applicable
before delivery of the shares to the participants. The
arrangements are equity settled only. The fair value of the
share-based payments settled with KONE class B shares
has been determined at the grant date and will be recognized
as an expense over the vesting period. The total amount to
be expensed over the vesting period is determined based on
the Group\u2019s estimate of the number of the shares that are
expected to be vested by the end of the vesting period.
The impact of any non-market vesting conditions has been
excluded, but they are included in assumptions about the
number of shares that are expected to be distributed. At each
statement of financial position date, the Group revises its
estimates of the number of shares that are expected to be
distributed. It recognizes the impact of the revision of original
estimates in the statement of income. The fair value of the
cash settled part of share-based payments reward has been
determined so that it covers taxes and taxable benefit costs
that are incurred. KONE recognizes the impact of the revision
of original estimates, if any, in the statement of income .
Performance based long-term incentive plans as of December 31, 2024
Plan
LTI 2021
LTI 2022
LTI 2023
LTI 2024
Jan 2021 -
Jan 2022 -
Jan 2023 -
Jan 2024 -
Performance Period
Dec 2023
Dec 2024
Dec 2025
Dec 2026
Vesting year
2024
2025
2026
2027
Performance criteria
Adjusted EBIT Margin % and Sales Growth: 80%
Sustainability: 20%
Maximum number of shares \u00b9
751,334
788,768
1,025,056
1,216,229
Number of shares outstanding as of Dec 31, 2024 \u00b9
-
516,233
647,548
936,527
Share price at initial grant date, EUR
64.92
56.80
52.48
44.73
Performance outcome for vested plans, %
68.5%
-
-
-
Number of transferred shares for vested plans
220,637
-
-
-
\u00b9 Gross before deduction for applicable taxes
Restricted share plan structure The restricted share plan structure (RSP) serves as a complementary incentive structure used as a commitment instrument for retention and recruitment purposes for top management (excluding the President and CEO) and other selected key employees. The restricted share plan structure does not have a performance condition. Each annually commencing plan has a commitment period up to three years, after which the potentially granted share awards will be paid to the participant, provided that their employment or service relationship with KONE Group is in force at the time of payment.
Restricted share plans as of December 31, 2024
Plan
RSP 2021
RSP 2022
RSP 2023
RSP 2024
Jan 2021 -
Jan 2022 -
Jan 2023 -
Jan 2024 -
Plan Period
Dec 2023
Dec 2024
Dec 2025
Dec 2026
Maximum number of shares \u00b9
15,650
55,650
163,429
80,000
Number of shares outstanding as of Dec 31, 2024 \u00b9
11,650
43,650
136,641
72,483
Weighted average share price for outstanding shares,
EUR
66.62
39.97
41.01
45.54
Number of transferred shares as of Dec 31, 2024
9,828
-
-
-
\u00b9 Gross before deduction for applicable taxes
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-413": { "value": "Accounting principles Share-based payments KONE share-based incentive plan structures are targeted to the top management and other key employees of KONE. Pursuant to the plan rules, the potential rewards are settled as a combination of KONE class B shares and/or cash when the criteria set in the terms and conditions for the plan are met. The number of shares earned by participants under the share-based incentive plan structures are determined on gross basis with deduction for taxes made when applicable before delivery of the shares to the participants. The arrangements are equity settled only. The fair value of the share-based payments settled with KONE class B shares has been determined at the grant date and will be recognized as an expense over the vesting period. The total amount to be expensed over the vesting period is determined based on the Group\u2019s estimate of the number of the shares that are expected to be vested by the end of the vesting period. The impact of any non-market vesting conditions has been excluded, but they are included in assumptions about the number of shares that are expected to be distributed. At each statement of financial position date, the Group revises its estimates of the number of shares that are expected to be distributed. It recognizes the impact of the revision of original estimates in the statement of income. The fair value of the cash settled part of share-based payments reward has been determined so that it covers taxes and taxable benefit costs that are incurred. KONE recognizes the impact of the revision of original estimates, if any, in the statement of income . ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-414": { "value": "
Subsidiaries
The following list includes companies where the parent company KONE Oyj has control as of December 31, 2024. Additional information is included in note 1 of the consolidated financial
statements.
Shareholding %
Country/Region
Company
Group
Parent
company
Andorra
KONE Ascensors i Escales, S.A.
100
Australia
KDB Australia Pty Ltd
100
KONE Elevators Employee Benefits Pty Limited
100
KONE Elevators Pty Ltd
100
KONE Holdings (Australia) Limited
100
Orbitz Elevators Services Pty Ltd
100
Austria
KONE AG
100
100
Bahrain
KONE Bahrain W.L.L.
0
KONE Elevators W.L.L.
49
Belgium
KDB Belgium SRL
100
100
KONE Belgium S.A.
100
100
Bosnia and
Herzegovina
KONE d.o.o. Sarajevo
100
Bulgaria
KONE EOOD
100
100
Canada
KONE Inc.
100
49
China mainland
Giant Kone Elevator Co., Ltd.
100
40
KONE Elevator (Shanghai) Co., Ltd.
100
KONE Elevators Co., Ltd.
100
Kunshan KONE Industrial Machinery Co., Ltd.
100
100
Croatia
KONE d.o.o.
100
100
Cyprus
KONE Elevators Cyprus Limited
100
100
Czech Republic
KONE, a.s.
100
100
KONE Industrial - koncern s.r.o.
100
100
Denmark
KDB Denmark ApS
100
KONE A/S
100
100
Egypt
KONE LLC
100
Estonia
AS KONE
100
100
Finland
Finescal Oy
100
100
KDB Finland Oy
100
KONE Digital Services Oy
100
100
KONE Hissit Oy
100
100
Shareholding %
Country/Region
Company
Group
Parent
company
KONE Industrial Oy
100
100
France
2STP S.A.S.
100
Ascenseurs Portes Automatiques Arnaud S.A.S.
100
Ascenseurs Soulier S.N.C.
100
ATPE SAS
100
ATS-ATPE S.A.S.
100
Automatismes du Mont Blanc S.A.S.
100
Delta Ascenseurs S.A.S.
100
KDB France S.A.S.
100
KONE ATS S.A.S
100
KONE D\u00e9veloppement S.N.C.
100
KONE Holding France S.A.S.
100
100
KONE S.A.
99.99
Liftman S.A.S.
100
MP2 Gestion Participation
100
PACA Ascenseurs Services
100
Prokodis S.A.S.
100
R.M.D. S.A.S.
100
Technique & Mecanique des Elevateurs S.A.S.
100
Germany
Alois Kasper GmbH
100
ATB Aufzugtechnik Berlin GmbH
100
ATB-Aufzugstechnik GmbH
100
ATH Aufz\u00fcge GmbH
100
Aufzugstechnik Rhein Ruhr GmbH
100
DANY Aufz\u00fcge GmbH
100
JESCH-Aufz\u00fcge GmbH & Co. KG
100
JESCH GmbH
100
KONE Automatikt\u00fcren GmbH
100
KONE Escalator Supply Service Center Europe
100
GmbH
KONE Garant Aufzug GmbH
100
Shareholding %
Country/Region
Company
Group
Parent
company
KONE GmbH
100
100
KONE Servicezentrale GmbH
100
Matthias Schernikau GmbH
100
Trierer Aufzugbau Baasch & Didong GmbH
100
Greece
KONE S.A.
100
Hong Kong SAR
KONE Elevator (HK) Limited
100
0.00
Shan On Engineering Company Limited
100
Hungary
KONE Felvon\u00f3 Kft.
100
100
Iceland
KONE ehf
100
100
India
KONE Elevator India Private Limited
100
99.99
Indonesia
PT KONE Indo Elevator
100
1.04
PT. Mitra Indo Utama
0
Ireland
Ennis Lifts Limited
100
KONE (Ireland) Limited
100
Israel
KONE LTD
100
100
Italy
ACMA S.r.l.
60
Ascensori & Ascensori S.r.l.
64
Cerqueti Servizi S.r.l.
100
Cofam S.r.l.
100
CRON.UP S.r.l.
80
Elevant Servizi S.r.l.
70
Elevatori Bari S.r.l.
89
Elevators S.r.l.
60
Eurolift Ascensori S.r.l.
70
Euroservice Merano S.r.l.
90
Ferrara Ascensori S.r.l.
60
Gianfranceschi Ascensori S.r.l.
97
GSB Ascensori S.r.l.
65
KONE Industrial S.p.A.
100
100
KONE S.p.A.
100
26.86
L.A.M. Lombarda Ascensori Montacarichi S.r.l.
70
MARIBO-SIMA ascensori S.r.l.
70
Nettuno S.r.l.
75
Neulift S.p.A.
100
Neulift Service Molise S.r.l.
51
Neulift Service Triveneto S.r.l.
100
Rimma S.r.l.
60
Shareholding %
Country/Region
Company
Parent
Group
company
SIE Elevatori S.r.l.
100
Slimpa S.p.A.
100
Tecnocram S.r.l.
91.5
Tosca Ascensori S.r.l.
66.67
Unilift S.r.l.
89.97
Vitali Ascensori S.r.l.
100
Kazakhstan
KONE Kazakhstan LLP
100
Kenya
KONE Kenya Limited
49
Kuwait
Al-Sabriyah Elevators and Escalators Company,
49
W.L.L.
Latvia
SIA KONE Lifti Latvija
0.5
100
Lithuania
UAB KONE
100
100
Luxembourg
KONE Luxembourg S\u00e0rl
100
Macedonia
KONE Makedonija Dooel Skopje
100
Malaysia
KONE Elevator (M) Sdn. Bhd.
29.88
29.88
Mexico
KONE Industrial, S.A. de C.V.
100
KONE Mexico, S.A. de C.V.
0.1
100
Monaco
S.A.M. KONE
99.87
Montenegro
KONE d.o.o. Podgorica
100
Morocco
KONE Elevators and Escalators S\u00e0rl AU
100
100
Netherlands
Hissi B.V.
100
KDB Holding B.V.
100
KDB Netherlands B.V.
100
KONE B.V.
100
KONE Deursystemen B.V.
100
KONE Finance Holding B.V.
100
KONE Holland B.V.
100
100
KONE Nederland Holding B.V.
100
New Zealand
KONE Elevators (NZ) Limited
100
Orbitz Elevators (NZ) Pty Limited
100
Norway
KDB Norway AS
100
KONE Aksjeselskap
100
100
KONE D\u00f8rer og Rulletrapper AS
100
100
Oman
KONE Assarain LLC
70
Philippines
Elevators Philippines Construction, Inc.
39.80
KPI Elevators, Inc.
99.99
Poland
KONE Sp.z o.o.
100
100
Shareholding %
Country/Region
Company
Group
Parent
company
Portugal
KONE Portugal - Elevadores, Lda.
100
1
Qatar
KONE Elevators W.L.L.
49
49
Romania
KONE Ascensorul S.A.
100
99.99
Saudi Arabia
KONE Areeco Limited
50
10
KONE Regional Headquarters LLC
100
Serbia
KONE d.o.o. Beograd-Novi Beograd
100
Singapore
KONE Pte Ltd.
100
Slovak Republic
KONE Business Services, s.r.o.
100
100
KONE s.r.o.
100
100
Slovenia
KONE d.o.o.
100
100
South Africa
Addo Private Equity Fund 2 (Pty) Ltd.
100
KONE Elevators South Africa (Pty) Ltd
100
United Elevators (Pty) Ltd.
100
Spain
Ascensores HERCO S.L.
100
Ascensores Muguerza, S.A.U.
100
KONE Elevadores, S.A.
100
99.99
Neulift, S.L.
100
Serki Instalaciones Y Servicios S.l.
98
T\u00e9cnicas Autocontrol, S.L.U.
100
Sweden
KDB Sweden AB
100
KONE AB
100
Switzerland
KONE (Schweiz) AG
100
100
Shareholding %
Country/Region
Company
Parent
Group
Taiwan, China
Kang-En Taiwan Elevator Technology Service Co.,
Ltd
company
100
KONE Elevators Taiwan Co. Ltd
100
Thailand
KONE Public Company Limited
84.08
Thai Elevators and Escalators Company Limited
74
Thai Elevators Holding Company Limited
49
Tunisia
KONE Elevators & Escalators Assembly
100
KONE Elevators & Escalators Sarl
100
T\u00fcrkiye
KONE Asans\u00f6r Sanayi ve Ticaret A.S.
100
Uganda
KONE Uganda Limited
100
Ukraine
KONE Lifts LLC
100
United Arab
KONE (Middle East) LLC
49
49
Emirates
United Kingdom
Consult Lift Services Ltd
100
KONE Pension Trustees Ltd.
100
KONE Plc
100
100
KONE (NI) Limited
100
USA
ENOK Electrical Company, LLC
100
KONE Holdings, Inc.
100
KONE Inc.
100
Marine Elevators LLC
100
Vietnam
KONE Vietnam Limited Liability Company
100
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "fact-7": { "value": "Keilasatama 3 P.O. Box 7 FI-02150 Espoo Finland ", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:2138001CNF45JP5XZK38", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } } } }