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-5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2023-02-01T00:00:00", "unit": "iso4217:EUR" } }, "f1__s4__2__37": { "value": "18300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2025-02-01T00:00:00", "unit": "iso4217:EUR" } }, "f1__s4__3__37": { "value": "21500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00", "unit": "iso4217:EUR" } }, "f1__s6__6__6": { "value": "Note 1.1 Company information Puuilo Group is a Finnish retailer company. On 31 January 2025, the fast-growing Group had a total of 49 stores (42 stores) across Finland. In addition, the online store serves customers. The product assortment includes building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services. Puuilo is one of the leading discount retailers in Finland and it serves both consumers and B2B customers in the repair and maintenance as well as construction sector. The company is known for its low prices and wide range of products. The Group\u2019s parent company is Puuilo Plc, domiciled in Helsinki, Finland. The company\u2019s registered address is Pakkalankuja 6, 01510 Vantaa, and its Business ID is 2726573-8. Puuilo Plc is listed on Nasdaq Helsinki. The Consolidated Financial Statements are available on Puuilo\u2019s investor website at www.investors.puuilo.fi/en/ and at the company\u2019s headquarters at Pakkalankuja 6, 01510 Vantaa. These Consolidated Financial Statements include the consolidated financial statements of Puuilo Plc (\u201cthe company\u201d) and its subsidiary (\u201cthe Group\u201d or \u201cPuuilo\u201d). These Consolidated Financial Statements include the consolidated statement of comprehensive income, consolidated balance sheet, consolidated statement of changes in equity and consolidated statement of cash flows as well as notes for the reporting period that ended on 31 January 2025 and comparison information for the financial year ended on 31 January 2024. The company\u2019s Board of Directors approved these Financial Statements on 23 April 2025. Puuilo issues an XHTML Financial Statements complying with the ESEF requirements on Puuilo\u2019s investor website. The Audit firm PricewaterhouseCoopers Oy has provided to company an independent auditor\u2019s reasonable assurance report in accordance with ISAE 3000 (Revised) on Puuilo\u2019s ESEF Financial Statements. The company\u2019s reporting period begins on 1 February and ends on 31 January. The reporting period 2024 comprises the period 1 February 2024 \u2013 31 January 2025 and the comparison period 2023 the period 1 February 2023 \u2013 31 January 2024. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__13": { "value": "Puuilo Group is a Finnish retailer company", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__10": { "value": "Finland", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__8": { "value": "Finland", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__15": { "value": "Puuilo Plc", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__14": { "value": "Puuilo Plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__7": { "value": "Puuilo Plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__9": { "value": "Plc", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__12": { "value": "Helsinki", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__11": { "value": "Pakkalankuja 6, 01510 Vantaa", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__167": { "value": "The company\u2019s Board of Directors approved these Financial Statements on 23 April 2025.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__168": { "value": "Note 1.2 Basis of preparation Puuilo\u2019s Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards approved for adoption by the European Union. They comply with the effective IAS and IFRS Accounting Standards and the respective SIC and IFRIC interpretations. The notes to the Consolidated Financial Statements also include requirements in accordance with Finnish accounting and limited liability company legislation. The notes to the Consolidated Financial Statements have been grouped into sections based on their nature. The basis of preparation of the financial statements is described as part of the note Accounting Policies, while the accounting policies directly related to a specific note are presented as part of the note in question. The notes of each area contain the relevant financial information, the accounting policies as well as the key estimates and discretionary solutions. The financial statements have been prepared on the basis of initial cost. The figures in the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The figures have been rounded to the nearest million, and therefore the sum of individual figures may deviate from the total presented. The presentation currency of the financial statements is euro, which is also the functional currency of the company and the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__19": { "value": "Note 1.2 Basis of preparation Puuilo\u2019s Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards approved for adoption by the European Union. They comply with the effective IAS and IFRS Accounting Standards and the respective SIC and IFRIC interpretations. The notes to the Consolidated Financial Statements also include requirements in accordance with Finnish accounting and limited liability company legislation. The notes to the Consolidated Financial Statements have been grouped into sections based on their nature. The basis of preparation of the financial statements is described as part of the note Accounting Policies, while the accounting policies directly related to a specific note are presented as part of the note in question. The notes of each area contain the relevant financial information, the accounting policies as well as the key estimates and discretionary solutions. The financial statements have been prepared on the basis of initial cost. The figures in the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The figures have been rounded to the nearest million, and therefore the sum of individual figures may deviate from the total presented. The presentation currency of the financial statements is euro, which is also the functional currency of the company and the Group. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__18-1": { "value": "Note 1.2 Basis of preparation Puuilo\u2019s Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards approved for adoption by the European Union. They comply with the effective IAS and IFRS Accounting Standards and the respective SIC and IFRIC interpretations. The notes to the Consolidated Financial Statements also include requirements in accordance with Finnish accounting and limited liability company legislation. The notes to the Consolidated Financial Statements have been grouped into sections based on their nature. The basis of preparation of the financial statements is described as part of the note Accounting Policies, while the accounting policies directly related to a specific note are presented as part of the note in question. The notes of each area contain the relevant financial information, the accounting policies as well as the key estimates and discretionary solutions. The financial statements have been prepared on the basis of initial cost. The figures in the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The figures have been rounded to the nearest million, and therefore the sum of individual figures may deviate from the total presented. The presentation currency of the financial statements is euro, which is also the functional currency of the company and the Group. Accounting policy Puuilo\u2019s retail chain and online store sell building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services. Net sales are primarily generated by the sales of goods and recognised when the control of the product is transferred to the customer, in other words, when the product is relinquished. The products sold by the Group have a right of return. Based on experience, the quantity of the returned goods is considered to be insignificant compared to the company\u2019s net sales. Puuilo sells gift cards to customers. The Company recognises a liability on these prepayments. The liability is presented in the balance sheet as a separate line item Advances received. The liability is derecognised, and net sales are recognised when customer purchases goods with the gift card. After the gift card has been used, Puuilo is considered to have fulfilled its performance obligations. Sales are paid mainly in cash or by credit card. Financing offered to consumers is arranged by an external partner and does not create a performance obligation to Puuilo. Therefore, the arrangement does not affect the revenue recognition. The payment time for invoiced sales offered to B2B customers is typically 14 \u2013 30 days. As the payment term is less than 12 months, the transaction prices are not adjusted with the time value of money. Puuilo\u2019s contracts with customers do not contain separate performance obligations recognised at different times. The product warranties offered by the Company are treated as assurance type warranties, because they do not include additional services to the customer. In most cases, the Company charges the warranty costs from the supplier. The line-item other operating income includes lease income, gains on disposals of tangible assets, and other income that are not directly related to the Company\u2019s ordinary business operations. Lease income consists of income received from sales locations. Note 2.2 Segment information Due to the nature of Puuilo\u2019s operations, the Group has one reportable operating segment. The individual stores and the online store are considered to be the distribution channels of Puuilo\u2019s products and all of them operate under the Puuilo trademark. The Group operates only in Finland. The operations, such as financial administration, IT management, marketing as well as purchasing and logistics are centralised at the Group level. The Board of Directors is the highest operating decision-maker at Puuilo, as it is responsible for resource allocation in the Group and assesses the performance of the operations. Puuilo\u2019s Board of Directors regularly monitors financial information of the Group. The performance metric Puuilo uses internally to monitor and assess the operations is the Group-level adjusted EBITA, which corresponds to profit before interest, taxes and amortisation and impairment of intangible rights, adjusted by items affecting comparability. Due to the large number of customers and the nature of the business, sales to any individual customer have not exceeded 10 percent in the financial period that ended on 31 January 2025 or the comparison period.Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit.Accounting policy Short-term benefits Wages and salaries mainly comprise of fixed monthly salaries and hourly wages paid to employees. Other indirect employee costs include pension expenses and other social security expenses. Employee benefits are recognised for work completed up to the balance sheet date in other liabilities and measured at the amount that is expected to be paid when the liabilities are settled. Post-employment benefits The pension plan of Puuilo is a defined contribution plan. The payments of a defined contribution pension plan are made to pension insurance companies, after which the Group does not have any other payment obligations. Payments made on the defined contribution pension plan are recognised as expenses in the income statement for the financial period they are attributed to.Share-based payments). The CEO or the other members of the Management Team do not belong to any short-term incentive programme. The company\u2019s CEO and the other members of the Management Team are entitled to a statutory pension benefit. The company does not have in place current additional pensions or collateral arrangements for the CEO and the other members of the Management Team. The CEO is entitled to statutory pension, and their retirement age is determined in accordance with the legislation in effect. The period of notice of the CEO is six months and they are entitled to receive salary for the period of notice. The period of notice of the other members of the Management Team is three months. The members of the Management Team are entitled to their respective monthly salaries for the period of notice. In accordance with the Finnish Limited Liability Companies Act, the decision on the remuneration payable to the members of the company\u2019s Board of Directors is made by the shareholders in the Annual General Meeting. The Shareholders\u2019 Nomination Board prepares a proposal on the remuneration of the Board members to the Annual General Meeting. The remuneration of the Board of Directors is monetary. The Board of Directors\u2019 remuneration is based on an annual fee, and the members are not paid separate meeting fees in addition to this. Travel expenses incurred by the Board meetings are reimbursed in accordance with the company\u2019s travel expense policy. Pension payments are not included in the remuneration of the Board of Directors. Management remuneration: EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 CEO Fixed salaries and fringe benefits 0.2 0.2 Share-based payments 0.0 0.0 Pension costs 0.0 0.0 Total 0.3 0.2 Other members of the Management Team Fixed salaries and fringe benefits 0.9 0.8 Share-based payments 0.3 0.2 Pension costs 0.2 0.1 Total 1.4 1.2 The Board of Directors Lasse Aho, Chair of the Board, from 16 May 2023 0.1 0.0 Timo M\u00e4nty, Chair of the Board, until 16 May 2023 - 0.0 Jens Joller, from 15 May 2024 0.0 - Anne-Mari Paapio, from 15 May 2024 0.0 - Tomas Franz\u00e9n, until 16 May 2023 - 0.0 Bent Holm 0.0 0.0 Mammu Kaario 0.0 0.0 Rasmus Molander, until 15 May 2024 0.0 0.0 Markku Tuomaala, until 15 May 2024 0.0 0.0 Tuomas Piirtola 0.0 0.0 Total 0.2 0.2 Total Management Team and the Board of Directors 1.8 1.7 No share-based payments have been paid during the financial year 2024 or the comparison period. The share-based payments include the cost effect on the financial year. Share-based payments Accounting principle The fair value of share-based payments is measured on the day which the share-based payment plan is agreed upon the counterparties. Fair value of share-based payments is recognised as an expense over the vesting period. The settlement, if the set targets are met, is a combination of shares and cash. Share-based payments to be settled in shares are recognised in equity and the payments to be settled in cash are recognised as a liability. Such cash-settled share-based payments for which the employer shall deduct, on behalf of the employee, from the share award such number of shares which covers taxes and tax-like charges paid in cash, shall be classified in their entirety as equity-settled share-based payments and thus, are recognised in equity.Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously.Accounting policy The cost of inventories, i.e. goods intended for retail, corresponds to the purchasing cost of the product in question determined using the weighted average cost method. The cost of finished goods comprises all costs of purchase, including direct freight and handling costs. Inventories are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated necessary costs of sales. The cost of inventory does not include borrowing costs.Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities.Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances.Note 4.2 Intangible assets Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised.Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases.Accounting policy Puuilo\u2019s leases mainly consist of store building and office leases, as well as machinery and equipment used in the business operations and IT leases. At the inception of the contract, the Group makes an assessment of whether the contract is a lease or contains a lease. A contract is deemed to be a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At the inception of a lease, Group recognises a right-of-use asset as well as a lease liability. Puuilo has not used the exemptions for short-term leases (lease term less than 12 months) or low value leases permitted by IFRS 16. Lease liability is measured at the present value of those lease payments that have not been paid at the lease commencement date. The lease payments are discounted at the interest rate implicit in the lease if the rate in question is readily determinable. If the rate is not readily determinable, the Company\u2019s incremental borrowing rate will be used. Puuilo has used an interest rate implicit in the lease as the discount rate in machinery and equipment leases and the incremental borrowing rate in the valuation of the store and office leases. The discount rates vary between 2.5% and 5.0%. The lease term used in the measurement of lease liability is the non-cancellable period of a lease. The lease term includes a period covered by an option to extend and/or to terminate the lease if it is reasonably certain that the lessee will use the extension option or does not use the option to terminate. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. Each lease payment is allocated between amortisation of the lease liability and finance cost. The finance costs are recognised at profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is measured at cost at the commencement date of the lease. The cost comprises of the amount of the initial measurement of the lease liability at the commencement date, any lease payments at or before the lease commencement date, as well as any restoration costs. Lease payments for store and office leases are mainly tied to the cost-of-living index. Lease liability is adjusted when the index changes. Right-of-use assets are adjusted with the items resulting from the remeasurement of the lease liability. The right-of-use assets based on leases are depreciated on a straight-line basis over the shorter of the lease term or their estimated useful lives. The depreciations are made starting from the date the asset item was commissioned. The estimated useful lives are as follows: Machinery and equipment 3 \u2013 5 years Stores 5 \u2013 10 years Offices 1 \u2013 5 years Puuilo has asset restoration obligations related to leased store buildings. Puuilo has recognised a provision for estimated restoration costs. More information is provided in Note 4.5.Accounting policy A provision is recognised when the Group has a legal or actual obligation as a result of past events, and it is probable that a cash outflow will be required to settle the obligation and the amount can be estimated reliably. Provisions are not recognised on any estimated future operating losses. The interest expense arising from the discounting of provisions to their current value is recognised in financial expenses. Provisions are allocated between amounts expected to be realised within 12 months of the balance sheet date (current) and amounts expected to be realised later (non-current). Note 5.2 Equity Puuilo\u2019s equity consists of the share capital, the reserve for invested unrestricted equity, and retained earnings. All of the company\u2019s shares are presented as share capital. If the company purchases its own shares, the purchase will be deducted from equity. Puuilo Plc\u2019s share capital is EUR 80,000 (EUR 80,000). The company has one type of shares. At the end of the financial year, the number of shares was 84,776,953. Each share conveys one vote in the general meeting and a similar dividend. The shares do not have a nominal value. The reserve of invested non-restricted equity, EUR 29.0 million (EUR 29.0 million), includes the share subscription prices to the extent not designated to be included in share capital. Puuilo Group held 555,000 (555,000) treasury shares on the balance sheet date of 31 January 2024. The acquisition cost of the shares, approximately EUR 3.2 million, have been deducted from retained earnings in equity. In the financial period, the total amount of dividends distributed was EUR 32.0 million (EUR 0.38 per share). In the comparison period 2023, the total amount of dividends distributed was EUR 28.7 million (EUR 0.34 per share). The dividend proposed by the Board of Directors to the Annual General Meeting has not been deducted from equity. Instead, dividends are recognised on the basis of the resolution by the Annual General Meeting.Accounting policy The undiluted earnings per share was calculated by dividing the profit in accordance with the Group\u2019s income statement by the weighted average of the issued shares. The earnings per share adjusted by the dilution effect is calculated otherwise in the same manner, but the weighted average takes into account the diluting effect caused by the conversion of diluting potential shares to shares.Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group.Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements.Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires.Accounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.Note 5.7 Contingent liabilities Accounting policy Contingent liability is a liability that arises from past events and whose existence will be confirmed in the future, or an existing obligation that is not recognised in the balance sheet because its realisation is not probable, or the amount of the obligation cannot be determined with sufficient reliability. Contingent liabilities are not recognised in the balance sheet. They are presented as disclosures unless the possibility of the realisation the liability is remote. Puuilo\u2019s contingent liabilities consist of lease liabilities for the leases with the lease term beginning after the end of the reporting period and are therefore not recognised in the balance sheet. The Group\u2019s financial institution loan is unsecured. Puuilo has committed to leases, the lease term of which will begin in the future, and which are, therefore, not recognised in the balance sheet as right-of-use assets or lease liabilities.Note 6.1 Related parties Puuilo\u2019s related parties include key personnel of the Puuilo Group, their close family members and companies controlled by them. The key personnel include the members of the Board of Directors, the CEO, and other members of the Management Team. The Puuilo Group purchases some products it sells in its stores from companies owned by related parties. These companies manufacture products that are part of Puuilo\u2019s product assortment. In addition, the company leases business premises from related parties. The Group\u2019s lease liabilities to related parties include the present value of the future lease payments of the above-mentioned leased premises. Transactions with related parties have taken place at market price and on normal terms. All Puuilo employees are entitled to the ordinary personnel discount in Puuilo stores. A related party employed by Puuilo is entitled to this discount. This information has not been presented as related party transactions.Accounting policy Subsidiaries The subsidiaries are fully consolidated from the date of acquisition, i.e. from the date on which control is transferred to the Group until the date that control ceases. Puuilo has control over an entity when Puuilo is exposed to, or entitled to, the company\u2019s variable returns and has the ability to influence those returns by prescribing the principles of the entity\u2019s operations. The Consolidated Financial Statements have been prepared using the acquisition method. Intercompany transactions, receivables and liabilities and unrealised gains are eliminated. Unrealised losses are also eliminated unless the transaction indicates an impairment of the asset transferred. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__17-1": { "value": "Note 1.2 Basis of preparation Puuilo\u2019s Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards approved for adoption by the European Union. They comply with the effective IAS and IFRS Accounting Standards and the respective SIC and IFRIC interpretations. The notes to the Consolidated Financial Statements also include requirements in accordance with Finnish accounting and limited liability company legislation. The notes to the Consolidated Financial Statements have been grouped into sections based on their nature. The basis of preparation of the financial statements is described as part of the note Accounting Policies, while the accounting policies directly related to a specific note are presented as part of the note in question. The notes of each area contain the relevant financial information, the accounting policies as well as the key estimates and discretionary solutions. The financial statements have been prepared on the basis of initial cost. The figures in the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The figures have been rounded to the nearest million, and therefore the sum of individual figures may deviate from the total presented. The presentation currency of the financial statements is euro, which is also the functional currency of the company and the Group. Note 6.2 Group structure and consolidation The consolidated financial statement of Puuilo Group includes Puuilo Plc (parent company) and its wholly owned subsidiary, Puuilo Tavaratalot Ltd. Both companies are headquartered in Helsinki. Accounting policy Subsidiaries The subsidiaries are fully consolidated from the date of acquisition, i.e. from the date on which control is transferred to the Group until the date that control ceases. Puuilo has control over an entity when Puuilo is exposed to, or entitled to, the company\u2019s variable returns and has the ability to influence those returns by prescribing the principles of the entity\u2019s operations. The Consolidated Financial Statements have been prepared using the acquisition method. Intercompany transactions, receivables and liabilities and unrealised gains are eliminated. Unrealised losses are also eliminated unless the transaction indicates an impairment of the asset transferred. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__16": { "value": "Note 1.2 Basis of preparation Puuilo\u2019s Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards approved for adoption by the European Union. They comply with the effective IAS and IFRS Accounting Standards and the respective SIC and IFRIC interpretations. The notes to the Consolidated Financial Statements also include requirements in accordance with Finnish accounting and limited liability company legislation. The notes to the Consolidated Financial Statements have been grouped into sections based on their nature. The basis of preparation of the financial statements is described as part of the note Accounting Policies, while the accounting policies directly related to a specific note are presented as part of the note in question. The notes of each area contain the relevant financial information, the accounting policies as well as the key estimates and discretionary solutions. The financial statements have been prepared on the basis of initial cost. The figures in the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The figures have been rounded to the nearest million, and therefore the sum of individual figures may deviate from the total presented. The presentation currency of the financial statements is euro, which is also the functional currency of the company and the Group. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__20-1": { "value": "Note 1.3 Accounting estimates and judgements The preparation of Consolidated Financial Statements requires management to make estimates and assumptions that affect the application of accounting policies and the recognised amounts of assets, liabilities, income and expenses. The following areas include management\u2019s estimates and assumptions: \u2022 Share-based payments (Note 2.3) \u2022 Measurement of inventories (Note 3.1) \u2022 Goodwill impairment test (Note 4.1) \u2022 Measurement of the Puuilo trademark (Note 4.2) \u2022 Measurement of lease liabilities and right-of-use assets (Note 4.4) \u2022 Restoration obligation (Note 4.5) \u2022 Expected credit loss (Note 5.5) These areas are explained in more detail in the individual notes. Estimates and judgements are regularly reviewed for accuracy. The estimates and judgements are based on historical data and other factors, including expectations on future events that may have a financial impact on the entity and that are assumed to be reasonable under the circumstances.Accounting estimates and judgements The number of the shares to be granted are estimated at the end of each reporting period. The evaluation considers the turnover of persons and other factors affecting the number of shares to be granted. In addition, the measurement of the fair value of the plan and the parameters used in the measurement require management judgement.Key judgements and discretionary solutions \u2013 Inventory valuation The Group regularly reviews inventories for possible obsolescence and turnover, and for possible reduction of the net realisable value below cost and recognises a write-down of inventory when necessary. Such reviews require estimates of future demand for products. Possible changes in these estimates may cause changes in inventory measurement in future periods.Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised.Key judgements and estimates applied in accounting for the leases When determining the lease term, the management must consider all facts and circumstances that create an economic incentive to exercise an extension option. Judgement is also used in determining the lease term for leases that are valid until further notice. Extension options are included in the lease term only if it is reasonably certain that the option will be used. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. The Group leases various properties as well as machinery and equipment. Leases of store properties are typically made for fixed periods of 5 to 10 years but may also include extension options. The management has assessed the use of each extension option and if the use of an option has been assessed to be reasonably certain, the option has been included in the lease term. The assessment of the use of extension options is affected by, among other things, the length of the original lease, the location and the condition of the property and the amount of rent. Lease terms are negotiated on an individual basis and they can include other terms and conditions. The management has used judgment when determining the appropriate incremental borrowing rate to be applied in the calculation of the lease liability of property leases.Key judgements and estimates applied in restoration obligation Puuilo\u2019s provisions consist of restoration provisions of leased store premises. The provisions include the estimated costs of restoring the store to its original state (asset retirement obligation). A corresponding asset item of an amount equivalent to the provision is recognised in property, plant and equipment and depreciated during the useful life of the asset. The provision and the corresponding asset item are recognised in the balance sheet at the beginning of the lease term, in other words, at the same time as the lease is recognised in the balance sheet. The provisions for restoration obligations related to stores are determined on the basis of the net present value of Puuilo\u2019s total estimated unavoidable dismantling costs. The estimates are based on the future estimated cost level, taking into account the effect of inflation, the cost development and discounting. Assumptions are also used when assessing the time periods for which restoration costs are incurred. Because the actual outflows can differ from the estimates due to changes in technology, prices and conditions and can take place after many years in the future, the carrying amounts of the provisions are regularly reviewed and adjusted to take into account any such changes. The management estimates that the restoration obligations will be realised within 2 \u2013 10 years. The changes in the restoration provisions during the financial year:Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements.Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__33": { "value": "Note 2.1 Revenue Accounting policy Puuilo\u2019s retail chain and online store sell building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services. Net sales are primarily generated by the sales of goods and recognised when the control of the product is transferred to the customer, in other words, when the product is relinquished. The products sold by the Group have a right of return. Based on experience, the quantity of the returned goods is considered to be insignificant compared to the company\u2019s net sales. Puuilo sells gift cards to customers. The Company recognises a liability on these prepayments. The liability is presented in the balance sheet as a separate line item Advances received. The liability is derecognised, and net sales are recognised when customer purchases goods with the gift card. After the gift card has been used, Puuilo is considered to have fulfilled its performance obligations. Sales are paid mainly in cash or by credit card. Financing offered to consumers is arranged by an external partner and does not create a performance obligation to Puuilo. Therefore, the arrangement does not affect the revenue recognition. The payment time for invoiced sales offered to B2B customers is typically 14 \u2013 30 days. As the payment term is less than 12 months, the transaction prices are not adjusted with the time value of money. Puuilo\u2019s contracts with customers do not contain separate performance obligations recognised at different times. The product warranties offered by the Company are treated as assurance type warranties, because they do not include additional services to the customer. In most cases, the Company charges the warranty costs from the supplier. The line-item other operating income includes lease income, gains on disposals of tangible assets, and other income that are not directly related to the Company\u2019s ordinary business operations. Lease income consists of income received from sales locations. Net sales EUR million 31 Jan 2025 31 Jan 2024 Stores 374.4 329.5 Online store 9.1 8.9 Net sales total 383.4 338.4 Contract liabilities (advances received) EUR million 31 Jan 2025 31 Jan 2024 0.4 0.3 Other income EUR million 31 Jan 2025 31 Jan 2024 Lease income 0.3 0.3 Gains on disposal of tangible assets 0.0 0.0 Other 0.2 0.2 Total 0.5 0.5", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__30": { "value": "Accounting policy Puuilo\u2019s retail chain and online store sell building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services. Net sales are primarily generated by the sales of goods and recognised when the control of the product is transferred to the customer, in other words, when the product is relinquished. The products sold by the Group have a right of return. Based on experience, the quantity of the returned goods is considered to be insignificant compared to the company\u2019s net sales. Puuilo sells gift cards to customers. The Company recognises a liability on these prepayments. The liability is presented in the balance sheet as a separate line item Advances received. The liability is derecognised, and net sales are recognised when customer purchases goods with the gift card. After the gift card has been used, Puuilo is considered to have fulfilled its performance obligations. Sales are paid mainly in cash or by credit card. Financing offered to consumers is arranged by an external partner and does not create a performance obligation to Puuilo. Therefore, the arrangement does not affect the revenue recognition. The payment time for invoiced sales offered to B2B customers is typically 14 \u2013 30 days. As the payment term is less than 12 months, the transaction prices are not adjusted with the time value of money. Puuilo\u2019s contracts with customers do not contain separate performance obligations recognised at different times. The product warranties offered by the Company are treated as assurance type warranties, because they do not include additional services to the customer. In most cases, the Company charges the warranty costs from the supplier. The line-item other operating income includes lease income, gains on disposals of tangible assets, and other income that are not directly related to the Company\u2019s ordinary business operations. Lease income consists of income received from sales locations. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__187": { "value": "The product warranties offered by the Company are treated as assurance type warranties, because they do not include additional services to the customer. In most cases, the Company charges the warranty costs from the supplier.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__32-1": { "value": "The line-item other operating income includes lease income, gains on disposals of tangible assets, and other income that are not directly related to the Company\u2019s ordinary business operations. Lease income consists of income received from sales locations.Other income EUR million 31 Jan 2025 31 Jan 2024 Lease income 0.3 0.3 Gains on disposal of tangible assets 0.0 0.0 Other 0.2 0.2 Total 0.5 0.5", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__31-1": { "value": "The line-item other operating income includes lease income, gains on disposals of tangible assets, and other income that are not directly related to the Company\u2019s ordinary business operations. Lease income consists of income received from sales locations.Other income EUR million 31 Jan 2025 31 Jan 2024 Lease income 0.3 0.3 Gains on disposal of tangible assets 0.0 0.0 Other 0.2 0.2 Total 0.5 0.5Note 2.3 Expenses Materials and services and other operating expenses Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit. Materials and services EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Purchases during the reporting period 260.8 216.7 Changes in inventories -22.3 -2.4 External services 0.3 0.2 Total 238.8 214.5 Other operating expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Administration expenses 1.8 1.9 Property maintenance expenses 4.9 4.5 Marketing expenses 6.8 6.1 IT costs 3.6 3.2 Sales freights and credit card fees 2.1 2.0 Other 3.3 3.4 Total 22.6 21.0", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__38": { "value": "Note 2.2 Segment information Due to the nature of Puuilo\u2019s operations, the Group has one reportable operating segment. The individual stores and the online store are considered to be the distribution channels of Puuilo\u2019s products and all of them operate under the Puuilo trademark. The Group operates only in Finland. The operations, such as financial administration, IT management, marketing as well as purchasing and logistics are centralised at the Group level. The Board of Directors is the highest operating decision-maker at Puuilo, as it is responsible for resource allocation in the Group and assesses the performance of the operations. Puuilo\u2019s Board of Directors regularly monitors financial information of the Group. The performance metric Puuilo uses internally to monitor and assess the operations is the Group-level adjusted EBITA, which corresponds to profit before interest, taxes and amortisation and impairment of intangible rights, adjusted by items affecting comparability. Due to the large number of customers and the nature of the business, sales to any individual customer have not exceeded 10 percent in the financial period that ended on 31 January 2025 or the comparison period.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__37": { "value": "Note 2.2 Segment information Due to the nature of Puuilo\u2019s operations, the Group has one reportable operating segment. The individual stores and the online store are considered to be the distribution channels of Puuilo\u2019s products and all of them operate under the Puuilo trademark. The Group operates only in Finland. The operations, such as financial administration, IT management, marketing as well as purchasing and logistics are centralised at the Group level. The Board of Directors is the highest operating decision-maker at Puuilo, as it is responsible for resource allocation in the Group and assesses the performance of the operations. Puuilo\u2019s Board of Directors regularly monitors financial information of the Group. The performance metric Puuilo uses internally to monitor and assess the operations is the Group-level adjusted EBITA, which corresponds to profit before interest, taxes and amortisation and impairment of intangible rights, adjusted by items affecting comparability. Due to the large number of customers and the nature of the business, sales to any individual customer have not exceeded 10 percent in the financial period that ended on 31 January 2025 or the comparison period.", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__44-1": { "value": "Note 2.3 Expenses Materials and services and other operating expenses Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit. Materials and services EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Purchases during the reporting period 260.8 216.7 Changes in inventories -22.3 -2.4 External services 0.3 0.2 Total 238.8 214.5 Other operating expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Administration expenses 1.8 1.9 Property maintenance expenses 4.9 4.5 Marketing expenses 6.8 6.1 IT costs 3.6 3.2 Sales freights and credit card fees 2.1 2.0 Other 3.3 3.4 Total 22.6 21.0Auditors' fees EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Statutory audit fees 0.1 0.1 Assignments referred to in Chapter 1, Section 1, Subsection 1, Paragraph 2 of the Auditing Act. CSRD assurance 0.1 - ESEF reporting 0.0 0.0 Other services - 0.0 Total 0.2 0.2Employee benefits Accounting policy Short-term benefits Wages and salaries mainly comprise of fixed monthly salaries and hourly wages paid to employees. Other indirect employee costs include pension expenses and other social security expenses. Employee benefits are recognised for work completed up to the balance sheet date in other liabilities and measured at the amount that is expected to be paid when the liabilities are settled. Post-employment benefits The pension plan of Puuilo is a defined contribution plan. The payments of a defined contribution pension plan are made to pension insurance companies, after which the Group does not have any other payment obligations. Payments made on the defined contribution pension plan are recognised as expenses in the income statement for the financial period they are attributed to. Employee benefit expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Wages and salaries 32.2 29.4 Pension costs 5.5 4.9 Social security costs 0.8 1.1 Total 38.5 35.4 Personnel on average and at the end of reporting period: 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Number of employees at the end of the period, full-time equivalent 849 791 Personnel on average 1,005 938Management remuneration The management consists of the Board of Directors, the CEO and the other members of the Management Team. The Board of Directors makes the decision on the remuneration of the CEO and the other Management Team. The remuneration of the CEO and the Management Team consists of a fixed monthly salary, customary fringe benefits and a share-based incentive plan for the key employees (see section Share-based payments). The CEO or the other members of the Management Team do not belong to any short-term incentive programme. The company\u2019s CEO and the other members of the Management Team are entitled to a statutory pension benefit. The company does not have in place current additional pensions or collateral arrangements for the CEO and the other members of the Management Team. The CEO is entitled to statutory pension, and their retirement age is determined in accordance with the legislation in effect. The period of notice of the CEO is six months and they are entitled to receive salary for the period of notice. The period of notice of the other members of the Management Team is three months. The members of the Management Team are entitled to their respective monthly salaries for the period of notice. In accordance with the Finnish Limited Liability Companies Act, the decision on the remuneration payable to the members of the company\u2019s Board of Directors is made by the shareholders in the Annual General Meeting. The Shareholders\u2019 Nomination Board prepares a proposal on the remuneration of the Board members to the Annual General Meeting. The remuneration of the Board of Directors is monetary. The Board of Directors\u2019 remuneration is based on an annual fee, and the members are not paid separate meeting fees in addition to this. Travel expenses incurred by the Board meetings are reimbursed in accordance with the company\u2019s travel expense policy. Pension payments are not included in the remuneration of the Board of Directors. Management remuneration: EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 CEO Fixed salaries and fringe benefits 0.2 0.2 Share-based payments 0.0 0.0 Pension costs 0.0 0.0 Total 0.3 0.2 Other members of the Management Team Fixed salaries and fringe benefits 0.9 0.8 Share-based payments 0.3 0.2 Pension costs 0.2 0.1 Total 1.4 1.2 The Board of Directors Lasse Aho, Chair of the Board, from 16 May 2023 0.1 0.0 Timo M\u00e4nty, Chair of the Board, until 16 May 2023 - 0.0 Jens Joller, from 15 May 2024 0.0 - Anne-Mari Paapio, from 15 May 2024 0.0 - Tomas Franz\u00e9n, until 16 May 2023 - 0.0 Bent Holm 0.0 0.0 Mammu Kaario 0.0 0.0 Rasmus Molander, until 15 May 2024 0.0 0.0 Markku Tuomaala, until 15 May 2024 0.0 0.0 Tuomas Piirtola 0.0 0.0 Total 0.2 0.2 Total Management Team and the Board of Directors 1.8 1.7 No share-based payments have been paid during the financial year 2024 or the comparison period. The share-based payments include the cost effect on the financial year. Share-based payments Accounting principle The fair value of share-based payments is measured on the day which the share-based payment plan is agreed upon the counterparties. Fair value of share-based payments is recognised as an expense over the vesting period. The settlement, if the set targets are met, is a combination of shares and cash. Share-based payments to be settled in shares are recognised in equity and the payments to be settled in cash are recognised as a liability. Such cash-settled share-based payments for which the employer shall deduct, on behalf of the employee, from the share award such number of shares which covers taxes and tax-like charges paid in cash, shall be classified in their entirety as equity-settled share-based payments and thus, are recognised in equity. Accounting estimates and judgements The number of the shares to be granted are estimated at the end of each reporting period. The evaluation considers the turnover of persons and other factors affecting the number of shares to be granted. In addition, the measurement of the fair value of the plan and the parameters used in the measurement require management judgement. Share-based incentive plan Puuilo Board of Directors decides on the share-based incentive plan for key personnel annually. The aim of the plan is to align the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term. The plan is intended to encourage key employees to personally invest in the company\u2019s shares, to steer them toward achieving the company\u2019s strategic objectives, to retain them at the company, and to offer them a competitive reward plan that is based on acquiring, earning and accumulating Puuilo shares. Each plan includes one performance period, spanning approximately three financial years. The performance criteria for both plans are the Total Shareholder Return of the Puuilo share (TSR) and the Adjusted EBITA of the Puuilo Group. The achievement of the targets set for the performance criteria will determine the proportion out of the maximum reward that will be paid as reward to participants. The prerequisite for participation in the plan and receiving reward on the basis of the plan is that a participant personally has acquired Puuilo shares up to the number determined by the Board of Directors. Furthermore, payment of reward is based on the participant\u00b4s valid employment or service upon reward payment. Primarily, the rewards from the plans will be paid partly in the company\u2019s shares and partly in cash by the end of May following the end of the performance period. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant\u00b4s employment or service terminates before the reward payment. The CEO and other members of the Management Team are obliged to keep the shares paid as a reward for twelve (12) months after the reward payment. The target group of the plans consisted of the CEO, other members of the Management Team, Store Managers and other key personnel. The final number of shares will depend on the participants\u2019 personal share acquisitions and the achievement of the targets set for the performance criteria. The total cost of the share plan is recognised over the performance period, which is approximately 34 months. In the financial year 2024, the impact of the share-based compensation plans on the profit was EUR 0.8 million (0.5). At the end of the reporting period, the amount to be recognised as expense for the financial years 2025 \u2212 2027 is estimated at a total of EUR 1.2 million (1.1 million). The actual amount may differ from the estimate. Assumptions applied in determining the fair value of share award: Grant date and fair value of share-based payments 2022-2024 2023-2025 2024-2026 Grant date 3.6.2022 12.5.2023 10.5.2024 Grant date fair value of the share award (EUR) 4.43 4.83 7.58 Share price at grant date (EUR) 5.34 7.29 10.70 Performance period start date 3.6.2022 12.5.2023 10.5.2024 Performance period end date 28.2.2025 31.3.2026 31.3.2027 Commitment period end date 31.5.2025 31.5.2026 31.5.2027 Assumptions applied in determining the fair value of share award 2022-2024 2023-2025 2024-2026 Maximum amount of shares to be granted (pcs)* 315.000 678.000 738.000 Share awards granted - - 197.709 Changes in the number of shares granted (pcs) - -1.683 -1.458 Exercised during the period (pcs) - - - Outstanding at the of the period (pcs) 278.520 252.336 196.251 Participants at the end of the reporting period 29 29 33 Share price at the end of the reporting period 10.23 10.23 10.23 Assumed fulfilment of the performance criteria 73% 75% 68% Forfeiture rate 1% 4% 7% * Gross number of shares netted with the applicable withholding tax. The net amount will be paid in shares. Depreciation, amortisation, and impairment EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Depreciation, amortisation and impairment by asset class Intangible rights 1.9 1.3 Other intangible assets 0.9 0.9 Buildings and structures - 0.0 Machinery and equipment 1.5 1.1 Total 4.3 3.3 Right-of-use assets 14.8 11.9 Depreciation, amortisation and impairment total 19.0 15.2 Depreciation of right-of-use assets is covered in greater detail in Note 4.4.", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__43": { "value": "Note 2.3 Expenses Materials and services and other operating expenses Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit. Materials and services EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Purchases during the reporting period 260.8 216.7 Changes in inventories -22.3 -2.4 External services 0.3 0.2 Total 238.8 214.5 Other operating expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Administration expenses 1.8 1.9 Property maintenance expenses 4.9 4.5 Marketing expenses 6.8 6.1 IT costs 3.6 3.2 Sales freights and credit card fees 2.1 2.0 Other 3.3 3.4 Total 22.6 21.0", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__42-1": { "value": "Note 2.3 Expenses Materials and services and other operating expenses Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit. Materials and services EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Purchases during the reporting period 260.8 216.7 Changes in inventories -22.3 -2.4 External services 0.3 0.2 Total 238.8 214.5 Other operating expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Administration expenses 1.8 1.9 Property maintenance expenses 4.9 4.5 Marketing expenses 6.8 6.1 IT costs 3.6 3.2 Sales freights and credit card fees 2.1 2.0 Other 3.3 3.4 Total 22.6 21.0Auditors' fees EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Statutory audit fees 0.1 0.1 Assignments referred to in Chapter 1, Section 1, Subsection 1, Paragraph 2 of the Auditing Act. CSRD assurance 0.1 - ESEF reporting 0.0 0.0 Other services - 0.0 Total 0.2 0.2Employee benefits Accounting policy Short-term benefits Wages and salaries mainly comprise of fixed monthly salaries and hourly wages paid to employees. Other indirect employee costs include pension expenses and other social security expenses. Employee benefits are recognised for work completed up to the balance sheet date in other liabilities and measured at the amount that is expected to be paid when the liabilities are settled. Post-employment benefits The pension plan of Puuilo is a defined contribution plan. The payments of a defined contribution pension plan are made to pension insurance companies, after which the Group does not have any other payment obligations. Payments made on the defined contribution pension plan are recognised as expenses in the income statement for the financial period they are attributed to. Employee benefit expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Wages and salaries 32.2 29.4 Pension costs 5.5 4.9 Social security costs 0.8 1.1 Total 38.5 35.4 Personnel on average and at the end of reporting period: 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Number of employees at the end of the period, full-time equivalent 849 791 Personnel on average 1,005 938Management remuneration The management consists of the Board of Directors, the CEO and the other members of the Management Team. The Board of Directors makes the decision on the remuneration of the CEO and the other Management Team. The remuneration of the CEO and the Management Team consists of a fixed monthly salary, customary fringe benefits and a share-based incentive plan for the key employees (see section Share-based payments). The CEO or the other members of the Management Team do not belong to any short-term incentive programme. The company\u2019s CEO and the other members of the Management Team are entitled to a statutory pension benefit. The company does not have in place current additional pensions or collateral arrangements for the CEO and the other members of the Management Team. The CEO is entitled to statutory pension, and their retirement age is determined in accordance with the legislation in effect. The period of notice of the CEO is six months and they are entitled to receive salary for the period of notice. The period of notice of the other members of the Management Team is three months. The members of the Management Team are entitled to their respective monthly salaries for the period of notice. In accordance with the Finnish Limited Liability Companies Act, the decision on the remuneration payable to the members of the company\u2019s Board of Directors is made by the shareholders in the Annual General Meeting. The Shareholders\u2019 Nomination Board prepares a proposal on the remuneration of the Board members to the Annual General Meeting. The remuneration of the Board of Directors is monetary. The Board of Directors\u2019 remuneration is based on an annual fee, and the members are not paid separate meeting fees in addition to this. Travel expenses incurred by the Board meetings are reimbursed in accordance with the company\u2019s travel expense policy. Pension payments are not included in the remuneration of the Board of Directors. Management remuneration: EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 CEO Fixed salaries and fringe benefits 0.2 0.2 Share-based payments 0.0 0.0 Pension costs 0.0 0.0 Total 0.3 0.2 Other members of the Management Team Fixed salaries and fringe benefits 0.9 0.8 Share-based payments 0.3 0.2 Pension costs 0.2 0.1 Total 1.4 1.2 The Board of Directors Lasse Aho, Chair of the Board, from 16 May 2023 0.1 0.0 Timo M\u00e4nty, Chair of the Board, until 16 May 2023 - 0.0 Jens Joller, from 15 May 2024 0.0 - Anne-Mari Paapio, from 15 May 2024 0.0 - Tomas Franz\u00e9n, until 16 May 2023 - 0.0 Bent Holm 0.0 0.0 Mammu Kaario 0.0 0.0 Rasmus Molander, until 15 May 2024 0.0 0.0 Markku Tuomaala, until 15 May 2024 0.0 0.0 Tuomas Piirtola 0.0 0.0 Total 0.2 0.2 Total Management Team and the Board of Directors 1.8 1.7 No share-based payments have been paid during the financial year 2024 or the comparison period. The share-based payments include the cost effect on the financial year. Share-based payments Accounting principle The fair value of share-based payments is measured on the day which the share-based payment plan is agreed upon the counterparties. Fair value of share-based payments is recognised as an expense over the vesting period. The settlement, if the set targets are met, is a combination of shares and cash. Share-based payments to be settled in shares are recognised in equity and the payments to be settled in cash are recognised as a liability. Such cash-settled share-based payments for which the employer shall deduct, on behalf of the employee, from the share award such number of shares which covers taxes and tax-like charges paid in cash, shall be classified in their entirety as equity-settled share-based payments and thus, are recognised in equity. Accounting estimates and judgements The number of the shares to be granted are estimated at the end of each reporting period. The evaluation considers the turnover of persons and other factors affecting the number of shares to be granted. In addition, the measurement of the fair value of the plan and the parameters used in the measurement require management judgement. Share-based incentive plan Puuilo Board of Directors decides on the share-based incentive plan for key personnel annually. The aim of the plan is to align the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term. The plan is intended to encourage key employees to personally invest in the company\u2019s shares, to steer them toward achieving the company\u2019s strategic objectives, to retain them at the company, and to offer them a competitive reward plan that is based on acquiring, earning and accumulating Puuilo shares. Each plan includes one performance period, spanning approximately three financial years. The performance criteria for both plans are the Total Shareholder Return of the Puuilo share (TSR) and the Adjusted EBITA of the Puuilo Group. The achievement of the targets set for the performance criteria will determine the proportion out of the maximum reward that will be paid as reward to participants. The prerequisite for participation in the plan and receiving reward on the basis of the plan is that a participant personally has acquired Puuilo shares up to the number determined by the Board of Directors. Furthermore, payment of reward is based on the participant\u00b4s valid employment or service upon reward payment. Primarily, the rewards from the plans will be paid partly in the company\u2019s shares and partly in cash by the end of May following the end of the performance period. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant\u00b4s employment or service terminates before the reward payment. The CEO and other members of the Management Team are obliged to keep the shares paid as a reward for twelve (12) months after the reward payment. The target group of the plans consisted of the CEO, other members of the Management Team, Store Managers and other key personnel. The final number of shares will depend on the participants\u2019 personal share acquisitions and the achievement of the targets set for the performance criteria. The total cost of the share plan is recognised over the performance period, which is approximately 34 months. In the financial year 2024, the impact of the share-based compensation plans on the profit was EUR 0.8 million (0.5). At the end of the reporting period, the amount to be recognised as expense for the financial years 2025 \u2212 2027 is estimated at a total of EUR 1.2 million (1.1 million). The actual amount may differ from the estimate. Assumptions applied in determining the fair value of share award: Grant date and fair value of share-based payments 2022-2024 2023-2025 2024-2026 Grant date 3.6.2022 12.5.2023 10.5.2024 Grant date fair value of the share award (EUR) 4.43 4.83 7.58 Share price at grant date (EUR) 5.34 7.29 10.70 Performance period start date 3.6.2022 12.5.2023 10.5.2024 Performance period end date 28.2.2025 31.3.2026 31.3.2027 Commitment period end date 31.5.2025 31.5.2026 31.5.2027 Assumptions applied in determining the fair value of share award 2022-2024 2023-2025 2024-2026 Maximum amount of shares to be granted (pcs)* 315.000 678.000 738.000 Share awards granted - - 197.709 Changes in the number of shares granted (pcs) - -1.683 -1.458 Exercised during the period (pcs) - - - Outstanding at the of the period (pcs) 278.520 252.336 196.251 Participants at the end of the reporting period 29 29 33 Share price at the end of the reporting period 10.23 10.23 10.23 Assumed fulfilment of the performance criteria 73% 75% 68% Forfeiture rate 1% 4% 7% * Gross number of shares netted with the applicable withholding tax. The net amount will be paid in shares. Depreciation, amortisation, and impairment EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Depreciation, amortisation and impairment by asset class Intangible rights 1.9 1.3 Other intangible assets 0.9 0.9 Buildings and structures - 0.0 Machinery and equipment 1.5 1.1 Total 4.3 3.3 Right-of-use assets 14.8 11.9 Depreciation, amortisation and impairment total 19.0 15.2 Depreciation of right-of-use assets is covered in greater detail in Note 4.4.", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__41": { "value": "Note 2.3 Expenses Materials and services and other operating expenses Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit. Materials and services EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Purchases during the reporting period 260.8 216.7 Changes in inventories -22.3 -2.4 External services 0.3 0.2 Total 238.8 214.5 Other operating expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Administration expenses 1.8 1.9 Property maintenance expenses 4.9 4.5 Marketing expenses 6.8 6.1 IT costs 3.6 3.2 Sales freights and credit card fees 2.1 2.0 Other 3.3 3.4 Total 22.6 21.0", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__47": { "value": "Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__46": { "value": "Accounting policy Materials and services consist of the acquisition cost of goods sold during the financial period and the services directly related to the goods sold. Other operating expenses include expenses other than the cost of goods sold, such as administration costs, property maintenance costs, marketing and IT costs as well as sales freight and credit card commissions. Other operating expenses also include potential losses on the disposal of property, plant and equipment and intangible assets. Foreign exchange differences arising from purchases are recognised in the appropriate line item above operating profit.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__48": { "value": "Auditors' fees EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Statutory audit fees 0.1 0.1 Assignments referred to in Chapter 1, Section 1, Subsection 1, Paragraph 2 of the Auditing Act. CSRD assurance 0.1 - ESEF reporting 0.0 0.0 Other services - 0.0 Total 0.2 0.2", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__51": { "value": "Accounting policy Short-term benefits Wages and salaries mainly comprise of fixed monthly salaries and hourly wages paid to employees. Other indirect employee costs include pension expenses and other social security expenses. Employee benefits are recognised for work completed up to the balance sheet date in other liabilities and measured at the amount that is expected to be paid when the liabilities are settled. Post-employment benefits The pension plan of Puuilo is a defined contribution plan. The payments of a defined contribution pension plan are made to pension insurance companies, after which the Group does not have any other payment obligations. Payments made on the defined contribution pension plan are recognised as expenses in the income statement for the financial period they are attributed to.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__50": { "value": "Accounting policy Short-term benefits Wages and salaries mainly comprise of fixed monthly salaries and hourly wages paid to employees. Other indirect employee costs include pension expenses and other social security expenses. Employee benefits are recognised for work completed up to the balance sheet date in other liabilities and measured at the amount that is expected to be paid when the liabilities are settled. Post-employment benefits The pension plan of Puuilo is a defined contribution plan. The payments of a defined contribution pension plan are made to pension insurance companies, after which the Group does not have any other payment obligations. Payments made on the defined contribution pension plan are recognised as expenses in the income statement for the financial period they are attributed to. Employee benefit expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Wages and salaries 32.2 29.4 Pension costs 5.5 4.9 Social security costs 0.8 1.1 Total 38.5 35.4 Personnel on average and at the end of reporting period: 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Number of employees at the end of the period, full-time equivalent 849 791 Personnel on average 1,005 938", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__52": { "value": "Employee benefit expenses EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Wages and salaries 32.2 29.4 Pension costs 5.5 4.9 Social security costs 0.8 1.1 Total 38.5 35.4 Personnel on average and at the end of reporting period: 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Number of employees at the end of the period, full-time equivalent 849 791 Personnel on average 1,005 938", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__55-1": { "value": "Management remuneration The management consists of the Board of Directors, the CEO and the other members of the Management Team. The Board of Directors makes the decision on the remuneration of the CEO and the other Management Team. The remuneration of the CEO and the Management Team consists of a fixed monthly salary, customary fringe benefits and a share-based incentive plan for the key employees Share-based payments). The CEO or the other members of the Management Team do not belong to any short-term incentive programme. The company\u2019s CEO and the other members of the Management Team are entitled to a statutory pension benefit. The company does not have in place current additional pensions or collateral arrangements for the CEO and the other members of the Management Team. The CEO is entitled to statutory pension, and their retirement age is determined in accordance with the legislation in effect. The period of notice of the CEO is six months and they are entitled to receive salary for the period of notice. The period of notice of the other members of the Management Team is three months. The members of the Management Team are entitled to their respective monthly salaries for the period of notice. In accordance with the Finnish Limited Liability Companies Act, the decision on the remuneration payable to the members of the company\u2019s Board of Directors is made by the shareholders in the Annual General Meeting. The Shareholders\u2019 Nomination Board prepares a proposal on the remuneration of the Board members to the Annual General Meeting. The remuneration of the Board of Directors is monetary. The Board of Directors\u2019 remuneration is based on an annual fee, and the members are not paid separate meeting fees in addition to this. Travel expenses incurred by the Board meetings are reimbursed in accordance with the company\u2019s travel expense policy. Pension payments are not included in the remuneration of the Board of Directors. Management remuneration: EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 CEO Fixed salaries and fringe benefits 0.2 0.2 Share-based payments 0.0 0.0 Pension costs 0.0 0.0 Total 0.3 0.2 Other members of the Management Team Fixed salaries and fringe benefits 0.9 0.8 Share-based payments 0.3 0.2 Pension costs 0.2 0.1 Total 1.4 1.2 The Board of Directors Lasse Aho, Chair of the Board, from 16 May 2023 0.1 0.0 Timo M\u00e4nty, Chair of the Board, until 16 May 2023 - 0.0 Jens Joller, from 15 May 2024 0.0 - Anne-Mari Paapio, from 15 May 2024 0.0 - Tomas Franz\u00e9n, until 16 May 2023 - 0.0 Bent Holm 0.0 0.0 Mammu Kaario 0.0 0.0 Rasmus Molander, until 15 May 2024 0.0 0.0 Markku Tuomaala, until 15 May 2024 0.0 0.0 Tuomas Piirtola 0.0 0.0 Total 0.2 0.2 Total Management Team and the Board of Directors 1.8 1.7 No share-based payments have been paid during the financial year 2024 or the comparison period. The share-based payments include the cost effect on the financial year. Share-based payments Accounting principle The fair value of share-based payments is measured on the day which the share-based payment plan is agreed upon the counterparties. Fair value of share-based payments is recognised as an expense over the vesting period. The settlement, if the set targets are met, is a combination of shares and cash. Share-based payments to be settled in shares are recognised in equity and the payments to be settled in cash are recognised as a liability. Such cash-settled share-based payments for which the employer shall deduct, on behalf of the employee, from the share award such number of shares which covers taxes and tax-like charges paid in cash, shall be classified in their entirety as equity-settled share-based payments and thus, are recognised in equity. Accounting estimates and judgements The number of the shares to be granted are estimated at the end of each reporting period. The evaluation considers the turnover of persons and other factors affecting the number of shares to be granted. In addition, the measurement of the fair value of the plan and the parameters used in the measurement require management judgement. Share-based incentive plan Puuilo Board of Directors decides on the share-based incentive plan for key personnel annually. The aim of the plan is to align the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term. The plan is intended to encourage key employees to personally invest in the company\u2019s shares, to steer them toward achieving the company\u2019s strategic objectives, to retain them at the company, and to offer them a competitive reward plan that is based on acquiring, earning and accumulating Puuilo shares. Each plan includes one performance period, spanning approximately three financial years. The performance criteria for both plans are the Total Shareholder Return of the Puuilo share (TSR) and the Adjusted EBITA of the Puuilo Group. The achievement of the targets set for the performance criteria will determine the proportion out of the maximum reward that will be paid as reward to participants. The prerequisite for participation in the plan and receiving reward on the basis of the plan is that a participant personally has acquired Puuilo shares up to the number determined by the Board of Directors. Furthermore, payment of reward is based on the participant\u00b4s valid employment or service upon reward payment. Primarily, the rewards from the plans will be paid partly in the company\u2019s shares and partly in cash by the end of May following the end of the performance period. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant\u00b4s employment or service terminates before the reward payment. The CEO and other members of the Management Team are obliged to keep the shares paid as a reward for twelve (12) months after the reward payment. The target group of the plans consisted of the CEO, other members of the Management Team, Store Managers and other key personnel. The final number of shares will depend on the participants\u2019 personal share acquisitions and the achievement of the targets set for the performance criteria. The total cost of the share plan is recognised over the performance period, which is approximately 34 months. In the financial year 2024, the impact of the share-based compensation plans on the profit was EUR 0.8 million (0.5). At the end of the reporting period, the amount to be recognised as expense for the financial years 2025 \u2212 2027 is estimated at a total of EUR 1.2 million (1.1 million). The actual amount may differ from the estimate. Assumptions applied in determining the fair value of share award: Grant date and fair value of share-based payments 2022-2024 2023-2025 2024-2026 Grant date 3.6.2022 12.5.2023 10.5.2024 Grant date fair value of the share award (EUR) 4.43 4.83 7.58 Share price at grant date (EUR) 5.34 7.29 10.70 Performance period start date 3.6.2022 12.5.2023 10.5.2024 Performance period end date 28.2.2025 31.3.2026 31.3.2027 Commitment period end date 31.5.2025 31.5.2026 31.5.2027 Assumptions applied in determining the fair value of share award 2022-2024 2023-2025 2024-2026 Maximum amount of shares to be granted (pcs)* 315.000 678.000 738.000 Share awards granted - - 197.709 Changes in the number of shares granted (pcs) - -1.683 -1.458 Exercised during the period (pcs) - - - Outstanding at the of the period (pcs) 278.520 252.336 196.251 Participants at the end of the reporting period 29 29 33 Share price at the end of the reporting period 10.23 10.23 10.23 Assumed fulfilment of the performance criteria 73% 75% 68% Forfeiture rate 1% 4% 7% * Gross number of shares netted with the applicable withholding tax. The net amount will be paid in shares. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__53": { "value": "Management remuneration The management consists of the Board of Directors, the CEO and the other members of the Management Team. The Board of Directors makes the decision on the remuneration of the CEO and the other Management Team. The remuneration of the CEO and the Management Team consists of a fixed monthly salary, customary fringe benefits and a share-based incentive plan for the key employees ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__186": { "value": "Share-based payments). The CEO or the other members of the Management Team do not belong to any short-term incentive programme. The company\u2019s CEO and the other members of the Management Team are entitled to a statutory pension benefit. The company does not have in place current additional pensions or collateral arrangements for the CEO and the other members of the Management Team. The CEO is entitled to statutory pension, and their retirement age is determined in accordance with the legislation in effect. The period of notice of the CEO is six months and they are entitled to receive salary for the period of notice. The period of notice of the other members of the Management Team is three months. The members of the Management Team are entitled to their respective monthly salaries for the period of notice. In accordance with the Finnish Limited Liability Companies Act, the decision on the remuneration payable to the members of the company\u2019s Board of Directors is made by the shareholders in the Annual General Meeting. The Shareholders\u2019 Nomination Board prepares a proposal on the remuneration of the Board members to the Annual General Meeting. The remuneration of the Board of Directors is monetary. The Board of Directors\u2019 remuneration is based on an annual fee, and the members are not paid separate meeting fees in addition to this. Travel expenses incurred by the Board meetings are reimbursed in accordance with the company\u2019s travel expense policy. Pension payments are not included in the remuneration of the Board of Directors. Management remuneration: EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 CEO Fixed salaries and fringe benefits 0.2 0.2 Share-based payments 0.0 0.0 Pension costs 0.0 0.0 Total 0.3 0.2 Other members of the Management Team Fixed salaries and fringe benefits 0.9 0.8 Share-based payments 0.3 0.2 Pension costs 0.2 0.1 Total 1.4 1.2 The Board of Directors Lasse Aho, Chair of the Board, from 16 May 2023 0.1 0.0 Timo M\u00e4nty, Chair of the Board, until 16 May 2023 - 0.0 Jens Joller, from 15 May 2024 0.0 - Anne-Mari Paapio, from 15 May 2024 0.0 - Tomas Franz\u00e9n, until 16 May 2023 - 0.0 Bent Holm 0.0 0.0 Mammu Kaario 0.0 0.0 Rasmus Molander, until 15 May 2024 0.0 0.0 Markku Tuomaala, until 15 May 2024 0.0 0.0 Tuomas Piirtola 0.0 0.0 Total 0.2 0.2 Total Management Team and the Board of Directors 1.8 1.7 No share-based payments have been paid during the financial year 2024 or the comparison period. The share-based payments include the cost effect on the financial year. Share-based payments Accounting principle The fair value of share-based payments is measured on the day which the share-based payment plan is agreed upon the counterparties. Fair value of share-based payments is recognised as an expense over the vesting period. The settlement, if the set targets are met, is a combination of shares and cash. Share-based payments to be settled in shares are recognised in equity and the payments to be settled in cash are recognised as a liability. Such cash-settled share-based payments for which the employer shall deduct, on behalf of the employee, from the share award such number of shares which covers taxes and tax-like charges paid in cash, shall be classified in their entirety as equity-settled share-based payments and thus, are recognised in equity. Accounting estimates and judgements The number of the shares to be granted are estimated at the end of each reporting period. The evaluation considers the turnover of persons and other factors affecting the number of shares to be granted. In addition, the measurement of the fair value of the plan and the parameters used in the measurement require management judgement. Share-based incentive plan Puuilo Board of Directors decides on the share-based incentive plan for key personnel annually. The aim of the plan is to align the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term. The plan is intended to encourage key employees to personally invest in the company\u2019s shares, to steer them toward achieving the company\u2019s strategic objectives, to retain them at the company, and to offer them a competitive reward plan that is based on acquiring, earning and accumulating Puuilo shares. Each plan includes one performance period, spanning approximately three financial years. The performance criteria for both plans are the Total Shareholder Return of the Puuilo share (TSR) and the Adjusted EBITA of the Puuilo Group. The achievement of the targets set for the performance criteria will determine the proportion out of the maximum reward that will be paid as reward to participants. The prerequisite for participation in the plan and receiving reward on the basis of the plan is that a participant personally has acquired Puuilo shares up to the number determined by the Board of Directors. Furthermore, payment of reward is based on the participant\u00b4s valid employment or service upon reward payment. Primarily, the rewards from the plans will be paid partly in the company\u2019s shares and partly in cash by the end of May following the end of the performance period. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant\u00b4s employment or service terminates before the reward payment. The CEO and other members of the Management Team are obliged to keep the shares paid as a reward for twelve (12) months after the reward payment. The target group of the plans consisted of the CEO, other members of the Management Team, Store Managers and other key personnel. The final number of shares will depend on the participants\u2019 personal share acquisitions and the achievement of the targets set for the performance criteria. The total cost of the share plan is recognised over the performance period, which is approximately 34 months.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__59": { "value": "Note 2.4 Income taxes Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously. EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Current income tax on profits for the year: 12.6 10.2 Total current income tax 12.6 10.2 Deferred income tax: Change in deferred tax assets -0.3 -0.3 Change in deferred tax liabilities -0.2 -0.2 Total deferred tax -0.6 -0.5 Income tax expense 12.0 9.7 Reconciliation of the tax expense recognised in the consolidated income statement and the taxes calculated using the Finnish tax rate (20% for all financial periods): EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Profit before tax 59.9 48.4 Tax calculated at domestic tax rate of 20 % 12.0 9.7 Income not subject to tax 0.0 0.0 Expenses not deductible for tax purposes 0.0 0.0 Taxes in income statement 12.0 9.7 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2024 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.8 0.2 1.0 Share-based incentive plan 0.1 0.2 0.3 Total 1.0 0.3 1.3 Reporting period 2024 Deferred tax liabilities Intangible assets 2.7 -0.2 2.5 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 2.7 -0.2 2.5 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2023 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.7 0.2 0.8 Share-based incentive plan 0.0 0.1 0.1 Total 0.7 0.3 1.0 Reporting period 2023 Deferred tax liabilities Intangible assets 2.9 -0.2 2.7 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 3.0 -0.2 2.7", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__58": { "value": "Note 2.4 Income taxes Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously. EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Current income tax on profits for the year: 12.6 10.2 Total current income tax 12.6 10.2 Deferred income tax: Change in deferred tax assets -0.3 -0.3 Change in deferred tax liabilities -0.2 -0.2 Total deferred tax -0.6 -0.5 Income tax expense 12.0 9.7 Reconciliation of the tax expense recognised in the consolidated income statement and the taxes calculated using the Finnish tax rate (20% for all financial periods): EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Profit before tax 59.9 48.4 Tax calculated at domestic tax rate of 20 % 12.0 9.7 Income not subject to tax 0.0 0.0 Expenses not deductible for tax purposes 0.0 0.0 Taxes in income statement 12.0 9.7 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2024 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.8 0.2 1.0 Share-based incentive plan 0.1 0.2 0.3 Total 1.0 0.3 1.3 Reporting period 2024 Deferred tax liabilities Intangible assets 2.7 -0.2 2.5 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 2.7 -0.2 2.5 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2023 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.7 0.2 0.8 Share-based incentive plan 0.0 0.1 0.1 Total 0.7 0.3 1.0 Reporting period 2023 Deferred tax liabilities Intangible assets 2.9 -0.2 2.7 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 3.0 -0.2 2.7", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__57": { "value": "Note 2.4 Income taxes Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously. EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Current income tax on profits for the year: 12.6 10.2 Total current income tax 12.6 10.2 Deferred income tax: Change in deferred tax assets -0.3 -0.3 Change in deferred tax liabilities -0.2 -0.2 Total deferred tax -0.6 -0.5 Income tax expense 12.0 9.7 Reconciliation of the tax expense recognised in the consolidated income statement and the taxes calculated using the Finnish tax rate (20% for all financial periods): EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Profit before tax 59.9 48.4 Tax calculated at domestic tax rate of 20 % 12.0 9.7 Income not subject to tax 0.0 0.0 Expenses not deductible for tax purposes 0.0 0.0 Taxes in income statement 12.0 9.7 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2024 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.8 0.2 1.0 Share-based incentive plan 0.1 0.2 0.3 Total 1.0 0.3 1.3 Reporting period 2024 Deferred tax liabilities Intangible assets 2.7 -0.2 2.5 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 2.7 -0.2 2.5 Recognised through profit or 1 Feb loss 31 Jan Reporting period 2023 Deferred tax assets Tangible assets 0.0 0.0 0.0 Leases 0.7 0.2 0.8 Share-based incentive plan 0.0 0.1 0.1 Total 0.7 0.3 1.0 Reporting period 2023 Deferred tax liabilities Intangible assets 2.9 -0.2 2.7 Tangible assets 0.0 0.0 0.0 Arrangement fees of loans from financial institutions 0.0 0.0 0.0 Total 3.0 -0.2 2.7", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__62": { "value": "Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__61": { "value": "Accounting policy Income tax comprises of the current income taxes and deferred taxes for the financial period. The income tax is recognised in the income statement. The tax effect of the items recognised directly in equity is, correspondingly, recognised as a part of equity. The current taxes consist of the expected tax payable on the taxable income for the financial period, based on the tax rates enacted or in practice enacted by the closing of the accounts and any taxes payable for the previous year. Deferred tax is calculated based on temporary differences between the carrying amounts and the carrying value of assets and liabilities, as well as on confirmed losses to the extent that it is probable that these can be utilised against future taxable income. Deferred tax is determined using tax rates (and laws) which have been enacted or in practice enacted by the end of the financial period and which are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax is not recognised for temporary differences related to initial recognition of goodwill. Deferred tax assets and liabilities are netted to the extent that the company has a legally enforceable right to net current tax assets and liabilities and when the deferred taxes are related to the taxes of the same tax authority. Tax assets and tax liabilities based on the taxable income for the period are netted when the organisation has a legally enforceable right, and it intends either to settle on a net basis or to realise the asset item and settle the liability simultaneously.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__63-1": { "value": "Accounting policy The cost of inventories, i.e. goods intended for retail, corresponds to the purchasing cost of the product in question determined using the weighted average cost method. The cost of finished goods comprises all costs of purchase, including direct freight and handling costs. Inventories are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated necessary costs of sales. The cost of inventory does not include borrowing costs.Key judgements and discretionary solutions \u2013 Inventory valuation The Group regularly reviews inventories for possible obsolescence and turnover, and for possible reduction of the net realisable value below cost and recognises a write-down of inventory when necessary. Such reviews require estimates of future demand for products. Possible changes in these estimates may cause changes in inventory measurement in future periods.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__65": { "value": "Key judgements and discretionary solutions \u2013 Inventory valuation The Group regularly reviews inventories for possible obsolescence and turnover, and for possible reduction of the net realisable value below cost and recognises a write-down of inventory when necessary. Such reviews require estimates of future demand for products. Possible changes in these estimates may cause changes in inventory measurement in future periods. EUR million 31 Jan 2025 31 Jan 2024 Finished goods 105.7 86.6 Goods in transit 8.2 5.0 Prepayments 1.5 1.4 Total 115.5 93.1 On 31 January 2025, the valuation of inventories included a write-down for obsolescent and slow-moving products amounted to EUR 1.4 million (0.4 million). The cost of goods sold has been presented in Note 2.3.", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__71": { "value": "Note 3.2 Trade and other receivables Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities. Trade and other receivables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Trade receivables 5.9 5.3 Other receivables 0.0 0.0 Prepaid expenses 2.2 1.9 Total 8.2 7.2 Aging analysis of trade receivables EUR million 31 Jan 2025 31 Jan 2024 Not overdue 5.7 5.0 Overdue Less than 14 days 0.1 0.2 14-30 days 0.1 0.0 31-60 days 0.0 0.0 Over 60 days 0.0 0.1 Total 5.9 5.3 In the 2024 financial period 2024, a credit loss of EUR 0.1 million was recognised in profit or loss on trade receivables (EUR 0.0 million). The receivables do not involve significant credit risk concentrations, and the maximum amount of the credit risk corresponds to the carrying amount of the receivables at the end of the financial period. Trade receivables include an impairment amounting to EUR 0.0 million (EUR 0.0 million). The expected credit loss risk is not significant due to the low volume of invoiced sales. Credit risk is described in more detail in Note 5.4. Material items included in prepayments EUR million 31 Jan 2025 31 Jan 2024 Annual bonuses for purchases 0.7 0.7 Unbilled product reclamation 0.2 - Social security costs 0.2 0.2 Expenses paid in advance 1.0 1.0 Other 0.2 0.1 Total 2.2 1.9", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__68-1": { "value": "Note 3.2 Trade and other receivables Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities. Trade and other receivables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Trade receivables 5.9 5.3 Other receivables 0.0 0.0 Prepaid expenses 2.2 1.9 Total 8.2 7.2 Aging analysis of trade receivables EUR million 31 Jan 2025 31 Jan 2024 Not overdue 5.7 5.0 Overdue Less than 14 days 0.1 0.2 14-30 days 0.1 0.0 31-60 days 0.0 0.0 Over 60 days 0.0 0.1 Total 5.9 5.3 In the 2024 financial period 2024, a credit loss of EUR 0.1 million was recognised in profit or loss on trade receivables (EUR 0.0 million). The receivables do not involve significant credit risk concentrations, and the maximum amount of the credit risk corresponds to the carrying amount of the receivables at the end of the financial period. Trade receivables include an impairment amounting to EUR 0.0 million (EUR 0.0 million). The expected credit loss risk is not significant due to the low volume of invoiced sales. Credit risk is described in more detail in Note 5.4. Material items included in prepayments EUR million 31 Jan 2025 31 Jan 2024 Annual bonuses for purchases 0.7 0.7 Unbilled product reclamation 0.2 - Social security costs 0.2 0.2 Expenses paid in advance 1.0 1.0 Other 0.2 0.1 Total 2.2 1.9Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__67-1": { "value": "Note 3.2 Trade and other receivables Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities. Trade and other receivables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Trade receivables 5.9 5.3 Other receivables 0.0 0.0 Prepaid expenses 2.2 1.9 Total 8.2 7.2 Aging analysis of trade receivables EUR million 31 Jan 2025 31 Jan 2024 Not overdue 5.7 5.0 Overdue Less than 14 days 0.1 0.2 14-30 days 0.1 0.0 31-60 days 0.0 0.0 Over 60 days 0.0 0.1 Total 5.9 5.3 In the 2024 financial period 2024, a credit loss of EUR 0.1 million was recognised in profit or loss on trade receivables (EUR 0.0 million). The receivables do not involve significant credit risk concentrations, and the maximum amount of the credit risk corresponds to the carrying amount of the receivables at the end of the financial period. Trade receivables include an impairment amounting to EUR 0.0 million (EUR 0.0 million). The expected credit loss risk is not significant due to the low volume of invoiced sales. Credit risk is described in more detail in Note 5.4. Material items included in prepayments EUR million 31 Jan 2025 31 Jan 2024 Annual bonuses for purchases 0.7 0.7 Unbilled product reclamation 0.2 - Social security costs 0.2 0.2 Expenses paid in advance 1.0 1.0 Other 0.2 0.1 Total 2.2 1.9Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__34": { "value": "Note 3.2 Trade and other receivables Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities. Trade and other receivables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Trade receivables 5.9 5.3 Other receivables 0.0 0.0 Prepaid expenses 2.2 1.9 Total 8.2 7.2 Aging analysis of trade receivables EUR million 31 Jan 2025 31 Jan 2024 Not overdue 5.7 5.0 Overdue Less than 14 days 0.1 0.2 14-30 days 0.1 0.0 31-60 days 0.0 0.0 Over 60 days 0.0 0.1 Total 5.9 5.3 In the 2024 financial period 2024, a credit loss of EUR 0.1 million was recognised in profit or loss on trade receivables (EUR 0.0 million). The receivables do not involve significant credit risk concentrations, and the maximum amount of the credit risk corresponds to the carrying amount of the receivables at the end of the financial period. Trade receivables include an impairment amounting to EUR 0.0 million (EUR 0.0 million). The expected credit loss risk is not significant due to the low volume of invoiced sales. Credit risk is described in more detail in Note 5.4. Material items included in prepayments EUR million 31 Jan 2025 31 Jan 2024 Annual bonuses for purchases 0.7 0.7 Unbilled product reclamation 0.2 - Social security costs 0.2 0.2 Expenses paid in advance 1.0 1.0 Other 0.2 0.1 Total 2.2 1.9", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__69": { "value": "Accounting policy Trade receivables are receivables that consist of products sold to customers in the ordinary course of business. They fall due within 14 \u2013 30 days and are, therefore, all classified as current. Trade receivables are initially recognised in the amount of the invoice issued to the customer. Trade receivables do not include financial components. The fair value of current trade and other receivables are estimated to equal their book values due to their short maturities.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__72-1": { "value": "a credit loss of EUR 0.1 million was recognised in profit or loss on trade receivables (EUR 0.0 million). The receivables do not involve significant credit risk concentrations, and the maximum amount of the credit risk corresponds to the carrying amount of the receivables at the end of the financial period. Trade receivables include an impairment amounting to EUR 0.0 million (EUR 0.0 million). The expected credit loss risk is not significant due to the low volume of invoiced sales. Credit risk is described in more detail in Note 5.4.Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__78": { "value": "Note 3.3 Trade and other payables Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. Trade and other payables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Current Trade payables 24.0 21.2 Advances received 0.4 0.3 Income tax liabilities 2.8 2.7 Other current liabilities 7.4 5.4 Accrued expenses 7.8 7.5 Total current 42.4 37.1 Other current liabilities mainly consist of value added tax liabilities and withholding tax liabilities. Material items included in current accrued expenses EUR million 31 Jan 2025 31 Jan 2024 Salary accruals 2.0 1.9 Social security costs 1.5 1.6 Interest expenses 0.2 0.2 Holiday pay expenses 4.2 3.8 Total 7.8 7.5", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__77": { "value": "Note 3.3 Trade and other payables Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. Trade and other payables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Current Trade payables 24.0 21.2 Advances received 0.4 0.3 Income tax liabilities 2.8 2.7 Other current liabilities 7.4 5.4 Accrued expenses 7.8 7.5 Total current 42.4 37.1 Other current liabilities mainly consist of value added tax liabilities and withholding tax liabilities. Material items included in current accrued expenses EUR million 31 Jan 2025 31 Jan 2024 Salary accruals 2.0 1.9 Social security costs 1.5 1.6 Interest expenses 0.2 0.2 Holiday pay expenses 4.2 3.8 Total 7.8 7.5", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__74-1": { "value": "Note 3.3 Trade and other payables Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. Trade and other payables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Current Trade payables 24.0 21.2 Advances received 0.4 0.3 Income tax liabilities 2.8 2.7 Other current liabilities 7.4 5.4 Accrued expenses 7.8 7.5 Total current 42.4 37.1 Other current liabilities mainly consist of value added tax liabilities and withholding tax liabilities. Material items included in current accrued expenses EUR million 31 Jan 2025 31 Jan 2024 Salary accruals 2.0 1.9 Social security costs 1.5 1.6 Interest expenses 0.2 0.2 Holiday pay expenses 4.2 3.8 Total 7.8 7.5Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__73-1": { "value": "Note 3.3 Trade and other payables Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. Trade and other payables consist of the following: EUR million 31 Jan 2025 31 Jan 2024 Current Trade payables 24.0 21.2 Advances received 0.4 0.3 Income tax liabilities 2.8 2.7 Other current liabilities 7.4 5.4 Accrued expenses 7.8 7.5 Total current 42.4 37.1 Other current liabilities mainly consist of value added tax liabilities and withholding tax liabilities. Material items included in current accrued expenses EUR million 31 Jan 2025 31 Jan 2024 Salary accruals 2.0 1.9 Social security costs 1.5 1.6 Interest expenses 0.2 0.2 Holiday pay expenses 4.2 3.8 Total 7.8 7.5Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__75": { "value": "Accounting policy Trade payables and other payables include goods and services which Puuilo has received prior to the end of financial period which were not paid by the end of the financial period. The amounts are unsecured and mainly paid according to the payment term of 30 \u2013 60 days. Trade and other payables are presented as current liabilities if they are due within 12 months after the financial period. The carrying amounts of trade payables and other payables are considered to be the same as their fair values, due to their short-term nature. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__182-1": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur.Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Other Intangible intangibleEUR million Goodwill rights assets Total Cost on 1 February 2024 33.5 25.0 8.1 66.6 Additions - 1.9 0.4 2.3 Cost on 31 January 2025 33.5 26.8 8.5 68.9 Accumulated amortisation and impairment on 1 February - -10.8 -5.9 -16.7 2024 Amortisation and impairment - -1.9 -0.9 -2.7 Accumulated amortisation and impairment on 31 January - -12.6 -6.8 -19.4 2025 Net carrying amount on 1 February 2024 33.5 14.2 2.2 49.9 Net carrying amount on 31 January 2025 33.5 14.2 1.7 49.5 Note 4.3 Property, plant and equipment Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__84-1": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur.Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised.Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__83": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__82-1": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.Note 4.2 Intangible assets Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Other Intangible intangibleEUR million Goodwill rights assets Total Cost on 1 February 2024 33.5 25.0 8.1 66.6 Additions - 1.9 0.4 2.3 Cost on 31 January 2025 33.5 26.8 8.5 68.9 Accumulated amortisation and impairment on 1 February - -10.8 -5.9 -16.7 2024 Amortisation and impairment - -1.9 -0.9 -2.7 Accumulated amortisation and impairment on 31 January - -12.6 -6.8 -19.4 2025 Net carrying amount on 1 February 2024 33.5 14.2 2.2 49.9 Net carrying amount on 31 January 2025 33.5 14.2 1.7 49.5 Other Intangible intangible EUR million Goodwill rights assets Total Cost on 1 February 2023 33.5 24.0 7.8 65.4 Additions - 0.9 0.3 1.2 Cost on 31 January 2024 33.5 25.0 8.1 66.6 Accumulated amortisation and impairment on 1 February - -9.5 -5.0 -14.5 2023 Amortisation and impairment - -1.3 -0.9 -2.2 Accumulated amortisation and impairment on 31 January - -10.8 -5.9 -16.7 2024 Net carrying amount on 1 February 2023 33.5 14.6 2.8 50.9 Net carrying amount on 31 January 2024 33.5 14.2 2.2 49.9 An impairment of EUR 0.3 million was recognised in intangible assets during the financial period (EUR 0.1 million). ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__80": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__79-1": { "value": "Note 4.1 Goodwill Accounting policy Goodwill is measured at acquisition cost less any accumulated impairment losses. At the time of acquisition, goodwill is allocated to those cash-generating units which are considered to benefit from the acquisition. Goodwill is not subject to annual amortisation, because it is considered to have an indefinite useful life. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. An impairment loss is recognised for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset item\u2019s fair value less costs of disposal or the higher of value in use. Often it is not possible to estimate the recoverable amount for an individual asset. In the case of goodwill, the recoverable amount is determined for the cash-generating unit to which the goodwill belongs. Impairment loss recognised for goodwill is not reversed under any circumstances. Key judgements and estimates in goodwill impairment testing Puuilo\u2019s goodwill has arisen in connection with the acquisition of Puuilo business in 2015 when the current Puuilo Group was established. Therefore, the entire goodwill was generated from a single acquisition covering the entire business of Puuilo. At the end of the financial period, goodwill stood at EUR 33.5 million (EUR 33.5 million). Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that goodwill was impaired. The recoverable amount of a cash-generating unit is determined based on the value in use calculation which requires the use of assumptions. Estimates and judgements are required when determining the components of the recoverable amount. These components include the discount rate, the terminal growth rate, net sales and the adjusted operating profit before the amortisation and impairment of intangible rights (adjusted EBITA). The discount rate reflects the time value of money and the market risk premiums. The risk premiums reflect risks and uncertainties for which the future cash flow estimates have not been adjusted. The calculations use cash flow projections based on financial budgets approved by management covering a four-year period. Cash flows beyond the four-year period are extrapolated using the estimated growth rate. Goodwill impairment test Puuilo\u2019s management has been monitoring goodwill on the Group level from the date the goodwill was generated. Therefore, for the purpose of annual goodwill impairment testing, management has discrete and reliable financial information available on the Group level. Puuilo\u2019s management considers the Group to consist of one cash-generating unit, and therefore, goodwill is tested for impairment on the Group level. The key assumptions of the impairment calculations are the estimated growth rate of net sales and the estimated EBITA level for the period of four years. Cash flows beyond this period have been extrapolated based on the forecast growth of 2.0% (2.0%). The discount rate used is the weighted average cost of capital (WACC) after tax. The WACC formula inputs are the risk-free rate of return, market risk premium, industry-specific beta factor, target capital structure and borrowing cost. The pre-tax WACC used was 11.3% (12.2%). No goodwill impairment has been recognised. In addition, management has estimated that no reasonably possible change in the key assumption of the impairment testing would have resulted in a goodwill impairment.Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur.Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__93-1": { "value": "Note 4.2 Intangible assets Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Other Intangible intangibleEUR million Goodwill rights assets Total Cost on 1 February 2024 33.5 25.0 8.1 66.6 Additions - 1.9 0.4 2.3 Cost on 31 January 2025 33.5 26.8 8.5 68.9 Accumulated amortisation and impairment on 1 February - -10.8 -5.9 -16.7 2024 Amortisation and impairment - -1.9 -0.9 -2.7 Accumulated amortisation and impairment on 31 January - -12.6 -6.8 -19.4 2025 Net carrying amount on 1 February 2024 33.5 14.2 2.2 49.9 Net carrying amount on 31 January 2025 33.5 14.2 1.7 49.5 Other Intangible intangible EUR million Goodwill rights assets Total Cost on 1 February 2023 33.5 24.0 7.8 65.4 Additions - 0.9 0.3 1.2 Cost on 31 January 2024 33.5 25.0 8.1 66.6 Accumulated amortisation and impairment on 1 February - -9.5 -5.0 -14.5 2023 Amortisation and impairment - -1.3 -0.9 -2.2 Accumulated amortisation and impairment on 31 January - -10.8 -5.9 -16.7 2024 Net carrying amount on 1 February 2023 33.5 14.6 2.8 50.9 Net carrying amount on 31 January 2024 33.5 14.2 2.2 49.9 An impairment of EUR 0.3 million was recognised in intangible assets during the financial period (EUR 0.1 million). Note 4.3 Property, plant and equipment Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases. EUR million 31 Jan 2025 31 Jan 2024 Leased 82.1 72.0 Owned 5.9 3.9 Total 88.0 75.9 Changes in property, plant and equipment. The figures do not include changes in leases. Leases are covered in Note 4.4.Machinery Buildings and and Additions structures equipment Total Cost on 1 February 2024 0.8 8.9 9.6 Additions - 3.5 3.5 Disposals - 0.0 0.0 Cost on 31 January 2025 0.8 12.3 13.0 Accumulated depreciation and impairment on 1 February 2024 -0.8 -5.0 -5.7 Depreciation and impairment - -1.5 -1.5 Accumulated depreciation and impairment on 31 January 2025 -0.8 -6.4 -7.2 Net carrying amount on 1 February 2024 0.0 3.9 3.9 Net carrying amount on 31 January 2025 0.0 5.9 5.9 Machinery Buildings and and EUR million structures equipment Total Cost on 1 February 2023 0.8 6.4 7.2 Additions - 2.5 2.5 Disposals - -0.1 -0.1 Cost on 31 January 2024 0.8 8.9 9.6 Accumulated depreciation and impairment on 1 February 2023 -0.7 -3.9 -4.6 Depreciation and impairment 0.0 -1.1 -1.1 Accumulated depreciation and impairment on 31 January 2024 -0.8 -5.0 -5.7 Net carrying amount on 1 February 2023 0.0 2.5 2.6 Net carrying amount on 31 January 2024 0.0 3.9 3.9 No impairment was recognised on property, plant and equipment during the financial period or the comparison period. Depreciation, amortisation, and impairment EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Depreciation, amortisation and impairment by asset class Intangible rights 1.9 1.3 Other intangible assets 0.9 0.9 Buildings and structures - 0.0 Machinery and equipment 1.5 1.1 Total 4.3 3.3 Right-of-use assets 14.8 11.9 Depreciation, amortisation and impairment total 19.0 15.2 Depreciation of right-of-use assets is covered in greater detail in Note 4.4.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__92": { "value": "Note 4.2 Intangible assets Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Other Intangible intangibleEUR million Goodwill rights assets Total Cost on 1 February 2024 33.5 25.0 8.1 66.6 Additions - 1.9 0.4 2.3 Cost on 31 January 2025 33.5 26.8 8.5 68.9 Accumulated amortisation and impairment on 1 February - -10.8 -5.9 -16.7 2024 Amortisation and impairment - -1.9 -0.9 -2.7 Accumulated amortisation and impairment on 31 January - -12.6 -6.8 -19.4 2025 Net carrying amount on 1 February 2024 33.5 14.2 2.2 49.9 Net carrying amount on 31 January 2025 33.5 14.2 1.7 49.5 Other Intangible intangible EUR million Goodwill rights assets Total Cost on 1 February 2023 33.5 24.0 7.8 65.4 Additions - 0.9 0.3 1.2 Cost on 31 January 2024 33.5 25.0 8.1 66.6 Accumulated amortisation and impairment on 1 February - -9.5 -5.0 -14.5 2023 Amortisation and impairment - -1.3 -0.9 -2.2 Accumulated amortisation and impairment on 31 January - -10.8 -5.9 -16.7 2024 Net carrying amount on 1 February 2023 33.5 14.6 2.8 50.9 Net carrying amount on 31 January 2024 33.5 14.2 2.2 49.9 An impairment of EUR 0.3 million was recognised in intangible assets during the financial period (EUR 0.1 million). ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__90": { "value": "Note 4.2 Intangible assets Accounting policy Intangible assets comprise of the capitalised costs of the Puuilo trademark, other intangible rights, the ERP system and the other IT systems. Their carrying amount corresponds to cost less accumulated amortisations and impairment losses. The capitalised cost of the ERP system consists of invoices from external service providers and license fees as well as Puuilo\u2019s internal project work related to the implementation of the new ERP system. Other intangible assets are amortised on a straight-line basis over their estimated useful lives as follows: Puuilo trademark 20 years Software and licences 5 years Other intangible rights 5 years The costs related to the maintenance of IT systems and software are recognised in the financial period during which they incur. Key judgements and estimates in measurement of the Puuilo trademark The useful life of the Puuilo trademark is estimated to be 20 years, and it represents the Group\u2019s assessment of the period over which the trademark is expected to generate cash flows to the Group. The actual useful life may, however, be shorter or longer, depending on changes in the operating environment. Any identified changes in the useful life of the Puuilo trademark are reflected in the amortisation period and the recognition of impairment losses, when needed. At each balance sheet date, the management assesses whether there is any indication that the value of the Puuilo trademark may be impaired. For the Puuilo trademark, changes in the retail business environment, for example, could be an indication of impairment. For the trademark, the recoverable amount cannot be estimated on an asset-by-asset basis. As it is estimated that Puuilo has one cash-generating unit, Puuilo\u2019s trademark, like goodwill, is tested on the Group level. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__100": { "value": "Note 4.3 Property, plant and equipment Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases. EUR million 31 Jan 2025 31 Jan 2024 Leased 82.1 72.0 Owned 5.9 3.9 Total 88.0 75.9 Changes in property, plant and equipment. The figures do not include changes in leases. Leases are covered in Note 4.4.Machinery Buildings and and Additions structures equipment Total Cost on 1 February 2024 0.8 8.9 9.6 Additions - 3.5 3.5 Disposals - 0.0 0.0 Cost on 31 January 2025 0.8 12.3 13.0 Accumulated depreciation and impairment on 1 February 2024 -0.8 -5.0 -5.7 Depreciation and impairment - -1.5 -1.5 Accumulated depreciation and impairment on 31 January 2025 -0.8 -6.4 -7.2 Net carrying amount on 1 February 2024 0.0 3.9 3.9 Net carrying amount on 31 January 2025 0.0 5.9 5.9 Machinery Buildings and and EUR million structures equipment Total Cost on 1 February 2023 0.8 6.4 7.2 Additions - 2.5 2.5 Disposals - -0.1 -0.1 Cost on 31 January 2024 0.8 8.9 9.6 Accumulated depreciation and impairment on 1 February 2023 -0.7 -3.9 -4.6 Depreciation and impairment 0.0 -1.1 -1.1 Accumulated depreciation and impairment on 31 January 2024 -0.8 -5.0 -5.7 Net carrying amount on 1 February 2023 0.0 2.5 2.6 Net carrying amount on 31 January 2024 0.0 3.9 3.9 No impairment was recognised on property, plant and equipment during the financial period or the comparison period. Depreciation, amortisation, and impairment EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Depreciation, amortisation and impairment by asset class Intangible rights 1.9 1.3 Other intangible assets 0.9 0.9 Buildings and structures - 0.0 Machinery and equipment 1.5 1.1 Total 4.3 3.3 Right-of-use assets 14.8 11.9 Depreciation, amortisation and impairment total 19.0 15.2 Depreciation of right-of-use assets is covered in greater detail in Note 4.4.", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__99": { "value": "Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__97": { "value": "Accounting policy Property, plant and equipment consist mainly of store buildings and related capital improvement costs, as well as machinery and equipment. They are measured at cost less accumulated depreciation and impairment losses. The measurement of leased properties is covered in section 4.4 Leases. Historical cost includes expenditure that is directly attributable to the acquisition of asset items or internally developed assets and subsequent costs incurred by the replacement of parts that meet the criteria for asset recognition. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset or, in the case of leasehold improvements and leased assets, over the period of the lease or the useful life of the asset, whichever is shorter. The estimated useful lives are as follows: Capital improvement cost 5 years Machinery and equipment 3 \u2013 10 years Leased assets over the lease term Residual values, depreciation methods and useful lives are reviewed and adjusted, if needed, at the end of each reporting period. An item of property, plant and equipment is derecognised upon disposal or when no future financial benefits are expected from its use. Sales gains and losses are determined by comparing disposal proceeds with the carrying amount of the disposed asset. Sales gains and losses are recognised within other operating income or expenses in the income statement in the period on which the disposal occurs. Sales gains are presented in Note 2.1. At each balance sheet date, the management assesses whether there is any indication that the value of property, plant and equipment may be impaired. In the case that there is such evidence, an assessment is made of the recoverable amount of the asset which is the higher of the fair value of the asset less the costs of disposal or the value in use. In many cases, the recoverable amount cannot be estimated on an asset-by-asset basis. In that case, the recoverable amount is determined for the cash-generating unit to which the asset item belongs. Due to the nature of Puuilo\u2019s operations, the Group has only one cash-generating unit. The impairment is recognised through profit or loss. The impairment loss recognised earlier on an asset item is reversed if the recoverable amount of the asset has increased. However, the maximum reversal is the carrying amount that would have prevailed for the asset before the impairment was recognised. Puuilo\u2019s property, plant and equipment is divided into owned and leased assets as follows. Leased assets are covered in Note 4.4. Leases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__105": { "value": "Note 4.4 Leases Accounting policy Puuilo\u2019s leases mainly consist of store building and office leases, as well as machinery and equipment used in the business operations and IT leases. At the inception of the contract, the Group makes an assessment of whether the contract is a lease or contains a lease. A contract is deemed to be a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At the inception of a lease, Group recognises a right-of-use asset as well as a lease liability. Puuilo has not used the exemptions for short-term leases (lease term less than 12 months) or low value leases permitted by IFRS 16. Lease liability is measured at the present value of those lease payments that have not been paid at the lease commencement date. The lease payments are discounted at the interest rate implicit in the lease if the rate in question is readily determinable. If the rate is not readily determinable, the Company\u2019s incremental borrowing rate will be used. Puuilo has used an interest rate implicit in the lease as the discount rate in machinery and equipment leases and the incremental borrowing rate in the valuation of the store and office leases. The discount rates vary between 2.5% and 5.0%. The lease term used in the measurement of lease liability is the non-cancellable period of a lease. The lease term includes a period covered by an option to extend and/or to terminate the lease if it is reasonably certain that the lessee will use the extension option or does not use the option to terminate. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. Each lease payment is allocated between amortisation of the lease liability and finance cost. The finance costs are recognised at profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is measured at cost at the commencement date of the lease. The cost comprises of the amount of the initial measurement of the lease liability at the commencement date, any lease payments at or before the lease commencement date, as well as any restoration costs. Lease payments for store and office leases are mainly tied to the cost-of-living index. Lease liability is adjusted when the index changes. Right-of-use assets are adjusted with the items resulting from the remeasurement of the lease liability. The right-of-use assets based on leases are depreciated on a straight-line basis over the shorter of the lease term or their estimated useful lives. The depreciations are made starting from the date the asset item was commissioned. The estimated useful lives are as follows: Machinery and equipment 3 \u2013 5 years Stores 5 \u2013 10 years Offices 1 \u2013 5 years Puuilo has asset restoration obligations related to leased store buildings. Puuilo has recognised a provision for estimated restoration costs. More information is provided in Note 4.5. Key judgements and estimates applied in accounting for the leases When determining the lease term, the management must consider all facts and circumstances that create an economic incentive to exercise an extension option. Judgement is also used in determining the lease term for leases that are valid until further notice. Extension options are included in the lease term only if it is reasonably certain that the option will be used. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. The Group leases various properties as well as machinery and equipment. Leases of store properties are typically made for fixed periods of 5 to 10 years but may also include extension options. The management has assessed the use of each extension option and if the use of an option has been assessed to be reasonably certain, the option has been included in the lease term. The assessment of the use of extension options is affected by, among other things, the length of the original lease, the location and the condition of the property and the amount of rent. Lease terms are negotiated on an individual basis and they can include other terms and conditions. The management has used judgment when determining the appropriate incremental borrowing rate to be applied in the calculation of the lease liability of property leases. Right-of-use assets EUR million 31 Jan 2025 31 Jan 2024 Premises and facilities 80.6 70.4 Machinery and equipment 1.6 1.6 Total 82.1 72.0 Lease liabilities EUR million 31 Jan 2025 31 Jan 2024 Non-current 68.1 58.2 Current 15.0 14.6 Total 83.1 72.8 The additions to the right-of-use assets during the financial period that ended were EUR 20.9 million (EUR 20.6 million). Maturity analysis, contractual discounted cash flows EUR million 31 Jan 2025 31 Jan 2024 Less than one year 14.8 11.9 From one to five years 47.3 41.5 Over five years 21.1 19.4 Total 83.1 72.8 Maturity analysis, contractual undiscounted cash flows EUR million 31 Jan 2025 31 Jan 2024 Less than one year 17.7 14.3 From one to five years 54.1 47.0 Over five years 22.5 20.9 Total 94.3 82.2 Amounts recognized in the statement of profit or loss Depreciation charge of the right-of-use asset 1 Feb 2024 - 31 Jan 1 Feb 2023 - 31 Jan EUR million 2025 2024 Premises and facilities 13.9 11.2 Machinery and equipment 0.9 0.7 Total 14.8 11.9 Interest expenses included in the finance cost 2.9 2.0 Cash flow Total cash outflow for leases 16.0 12.3 The lease commitments for contracts taking effect in the future is presented in Appendix 5.7. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__103-1": { "value": "Accounting policy Puuilo\u2019s leases mainly consist of store building and office leases, as well as machinery and equipment used in the business operations and IT leases. At the inception of the contract, the Group makes an assessment of whether the contract is a lease or contains a lease. A contract is deemed to be a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At the inception of a lease, Group recognises a right-of-use asset as well as a lease liability. Puuilo has not used the exemptions for short-term leases (lease term less than 12 months) or low value leases permitted by IFRS 16. Lease liability is measured at the present value of those lease payments that have not been paid at the lease commencement date. The lease payments are discounted at the interest rate implicit in the lease if the rate in question is readily determinable. If the rate is not readily determinable, the Company\u2019s incremental borrowing rate will be used. Puuilo has used an interest rate implicit in the lease as the discount rate in machinery and equipment leases and the incremental borrowing rate in the valuation of the store and office leases. The discount rates vary between 2.5% and 5.0%. The lease term used in the measurement of lease liability is the non-cancellable period of a lease. The lease term includes a period covered by an option to extend and/or to terminate the lease if it is reasonably certain that the lessee will use the extension option or does not use the option to terminate. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. Each lease payment is allocated between amortisation of the lease liability and finance cost. The finance costs are recognised at profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is measured at cost at the commencement date of the lease. The cost comprises of the amount of the initial measurement of the lease liability at the commencement date, any lease payments at or before the lease commencement date, as well as any restoration costs. Lease payments for store and office leases are mainly tied to the cost-of-living index. Lease liability is adjusted when the index changes. Right-of-use assets are adjusted with the items resulting from the remeasurement of the lease liability. The right-of-use assets based on leases are depreciated on a straight-line basis over the shorter of the lease term or their estimated useful lives. The depreciations are made starting from the date the asset item was commissioned. The estimated useful lives are as follows: Machinery and equipment 3 \u2013 5 years Stores 5 \u2013 10 years Offices 1 \u2013 5 years Puuilo has asset restoration obligations related to leased store buildings. Puuilo has recognised a provision for estimated restoration costs. More information is provided in Note 4.5.Key judgements and estimates applied in accounting for the leases When determining the lease term, the management must consider all facts and circumstances that create an economic incentive to exercise an extension option. Judgement is also used in determining the lease term for leases that are valid until further notice. Extension options are included in the lease term only if it is reasonably certain that the option will be used. The lease term of the leases valid until further notice is based on the probable lease term as estimated by the management. The Group leases various properties as well as machinery and equipment. Leases of store properties are typically made for fixed periods of 5 to 10 years but may also include extension options. The management has assessed the use of each extension option and if the use of an option has been assessed to be reasonably certain, the option has been included in the lease term. The assessment of the use of extension options is affected by, among other things, the length of the original lease, the location and the condition of the property and the amount of rent. Lease terms are negotiated on an individual basis and they can include other terms and conditions. The management has used judgment when determining the appropriate incremental borrowing rate to be applied in the calculation of the lease liability of property leases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__109": { "value": "Note 4.5 Provisions Accounting policy A provision is recognised when the Group has a legal or actual obligation as a result of past events, and it is probable that a cash outflow will be required to settle the obligation and the amount can be estimated reliably. Provisions are not recognised on any estimated future operating losses. The interest expense arising from the discounting of provisions to their current value is recognised in financial expenses. Provisions are allocated between amounts expected to be realised within 12 months of the balance sheet date (current) and amounts expected to be realised later (non-current). Key judgements and estimates applied in restoration obligation Puuilo\u2019s provisions consist of restoration provisions of leased store premises. The provisions include the estimated costs of restoring the store to its original state (asset retirement obligation). A corresponding asset item of an amount equivalent to the provision is recognised in property, plant and equipment and depreciated during the useful life of the asset. The provision and the corresponding asset item are recognised in the balance sheet at the beginning of the lease term, in other words, at the same time as the lease is recognised in the balance sheet. The provisions for restoration obligations related to stores are determined on the basis of the net present value of Puuilo\u2019s total estimated unavoidable dismantling costs. The estimates are based on the future estimated cost level, taking into account the effect of inflation, the cost development and discounting. Assumptions are also used when assessing the time periods for which restoration costs are incurred. Because the actual outflows can differ from the estimates due to changes in technology, prices and conditions and can take place after many years in the future, the carrying amounts of the provisions are regularly reviewed and adjusted to take into account any such changes. The management estimates that the restoration obligations will be realised within 2 \u2013 10 years. The changes in the restoration provisions during the financial year: Provisions EUR million On 1 February 2024 0.9 Additions 0.2 Amounts charged against provision 0.0 On 31 January 2025 1.0 of which Current - Non-current 1.0 Total 1.0 EUR million On 1 February 2023 0.8 Additions 0.1 Amounts charged against provision 0.0 On 31 January 2024 0.9 of which Current - Non-current 0.9 Total 0.9", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__175-1": { "value": "Accounting policy A provision is recognised when the Group has a legal or actual obligation as a result of past events, and it is probable that a cash outflow will be required to settle the obligation and the amount can be estimated reliably. Provisions are not recognised on any estimated future operating losses. The interest expense arising from the discounting of provisions to their current value is recognised in financial expenses. Provisions are allocated between amounts expected to be realised within 12 months of the balance sheet date (current) and amounts expected to be realised later (non-current). Key judgements and estimates applied in restoration obligation Puuilo\u2019s provisions consist of restoration provisions of leased store premises. The provisions include the estimated costs of restoring the store to its original state (asset retirement obligation). A corresponding asset item of an amount equivalent to the provision is recognised in property, plant and equipment and depreciated during the useful life of the asset. The provision and the corresponding asset item are recognised in the balance sheet at the beginning of the lease term, in other words, at the same time as the lease is recognised in the balance sheet. The provisions for restoration obligations related to stores are determined on the basis of the net present value of Puuilo\u2019s total estimated unavoidable dismantling costs. The estimates are based on the future estimated cost level, taking into account the effect of inflation, the cost development and discounting. Assumptions are also used when assessing the time periods for which restoration costs are incurred. Because the actual outflows can differ from the estimates due to changes in technology, prices and conditions and can take place after many years in the future, the carrying amounts of the provisions are regularly reviewed and adjusted to take into account any such changes. The management estimates that the restoration obligations will be realised within 2 \u2013 10 years.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__107-1": { "value": "Accounting policy A provision is recognised when the Group has a legal or actual obligation as a result of past events, and it is probable that a cash outflow will be required to settle the obligation and the amount can be estimated reliably. Provisions are not recognised on any estimated future operating losses. The interest expense arising from the discounting of provisions to their current value is recognised in financial expenses. Provisions are allocated between amounts expected to be realised within 12 months of the balance sheet date (current) and amounts expected to be realised later (non-current). Key judgements and estimates applied in restoration obligation Puuilo\u2019s provisions consist of restoration provisions of leased store premises. The provisions include the estimated costs of restoring the store to its original state (asset retirement obligation). A corresponding asset item of an amount equivalent to the provision is recognised in property, plant and equipment and depreciated during the useful life of the asset. The provision and the corresponding asset item are recognised in the balance sheet at the beginning of the lease term, in other words, at the same time as the lease is recognised in the balance sheet. The provisions for restoration obligations related to stores are determined on the basis of the net present value of Puuilo\u2019s total estimated unavoidable dismantling costs. The estimates are based on the future estimated cost level, taking into account the effect of inflation, the cost development and discounting. Assumptions are also used when assessing the time periods for which restoration costs are incurred. Because the actual outflows can differ from the estimates due to changes in technology, prices and conditions and can take place after many years in the future, the carrying amounts of the provisions are regularly reviewed and adjusted to take into account any such changes. The management estimates that the restoration obligations will be realised within 2 \u2013 10 years.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__173": { "value": "Note 5.1 Capital management and net debt The Group\u2019s objective for the capital management is to safeguard the ability to continue as a going concern, so that it can continue to provide returns for the shareholders and benefits for other stakeholders and maintain an optimal capital structure in order to reduce the cost of capital. The capital structure is regularly assessed by the Board of Directors when the Board monitors equity and the level of net debt. Interest-bearing net debt is calculated based on the consolidated balance sheet as follows: EUR million 31 Jan 2025 31 Jan 2024 Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 58.2 Total non-current financial liabilities 118.1 108.2 Current financial liabilities Lease liabilities 15.0 14.6 Total current financial liabilities 15.0 14.6 Total financial liabilities 133.1 122.8 Cash and cash equivalents 18.3 21.5 Net debt 114.8 101.3 Changes in net debt Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2024 actitivies agreements changes Jan. 2025 Cash and cash equivalents 21.5 -3.1 18.3 Repayments of loans from financial institutions - Loans from financial institutions 50.0 0.0 50.0 Lease liabilities 72.8 -13.1 20.9 2.5 83.1 Net debt 101.3 -16.2 20.9 2.6 114.8 Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2023 actitivies agreements changes Jan. 2024 Cash and cash equivalents 28.8 -7.3 21.5 Repayments of loans from financial institutions -20.0 -20.0 Loans from financial institutions 69.9 -20.0 0.1 50.0 Lease liabilities 53.4 -10.3 20.6 9.1 72.8 Net debt 94.4 -37.6 20.6 9.2 101.3 Other changes include non-cash flow changes and interest payments, which are presented as operating cash flows in the statement of cash flows. At the end of the financial year, Puuilo had a Group financing agreement totalling EUR 90.0 million. The loans under the financing agreement initially consisted of a total of EUR 70.0 million term loans and a EUR 20.0 million revolving credit facility. During the financial year 2023, the company made an additional loan repayment of EUR 20.0 million. Following the repayments, the outstanding term loans amounted to EUR 50.0 million. After the end of the financial year The group has signed a EUR 100 million financing agreement. The loan matures in 2028 and includes two 12-month extension options. The new financing agreement replaces the previous agreement signed in 2021, which would have matured in 2026. The financing agreement includes a total of EUR 70 million in term loan arrangements and a EUR 30 million revolving credit facility (RCF). The terms of the loan arrangement include one covenant: net debt/EBITDA ratio. The financing agreement includes standard covenants and terms and conditions concerning situations in which the loan would mature. The agreement terms and conditions concerning the financial covenants measure the company\u2019s indebtedness by means of the net debt to EBITDA ratio. In addition, the interest rate margin of the financing agreement is tied to the ratio of net debt and EBITDA. The loans under the financing agreement are unsecured. The terms of the financing agreement entered into after the end of the financial year are substantially similar to the terms of the previous loan. Compliance with the covenants and loan terms and conditions is monitored as part of the Group\u2019s financial reporting, and they are reported to the Board of Directors monthly and to the lenders on a quarterly basis. No covenants were breached during the financial period or the comparison period, and the Group has no difficulty in meeting them. ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__111-1": { "value": "Note 5.1 Capital management and net debt The Group\u2019s objective for the capital management is to safeguard the ability to continue as a going concern, so that it can continue to provide returns for the shareholders and benefits for other stakeholders and maintain an optimal capital structure in order to reduce the cost of capital. The capital structure is regularly assessed by the Board of Directors when the Board monitors equity and the level of net debt. Interest-bearing net debt is calculated based on the consolidated balance sheet as follows: EUR million 31 Jan 2025 31 Jan 2024 Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 58.2 Total non-current financial liabilities 118.1 108.2 Current financial liabilities Lease liabilities 15.0 14.6 Total current financial liabilities 15.0 14.6 Total financial liabilities 133.1 122.8 Cash and cash equivalents 18.3 21.5 Net debt 114.8 101.3 Changes in net debt Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2024 actitivies agreements changes Jan. 2025 Cash and cash equivalents 21.5 -3.1 18.3 Repayments of loans from financial institutions - Loans from financial institutions 50.0 0.0 50.0 Lease liabilities 72.8 -13.1 20.9 2.5 83.1 Net debt 101.3 -16.2 20.9 2.6 114.8 Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2023 actitivies agreements changes Jan. 2024 Cash and cash equivalents 28.8 -7.3 21.5 Repayments of loans from financial institutions -20.0 -20.0 Loans from financial institutions 69.9 -20.0 0.1 50.0 Lease liabilities 53.4 -10.3 20.6 9.1 72.8 Net debt 94.4 -37.6 20.6 9.2 101.3 Other changes include non-cash flow changes and interest payments, which are presented as operating cash flows in the statement of cash flows. At the end of the financial year, Puuilo had a Group financing agreement totalling EUR 90.0 million. The loans under the financing agreement initially consisted of a total of EUR 70.0 million term loans and a EUR 20.0 million revolving credit facility. During the financial year 2023, the company made an additional loan repayment of EUR 20.0 million. Following the repayments, the outstanding term loans amounted to EUR 50.0 million. After the end of the financial year The group has signed a EUR 100 million financing agreement. The loan matures in 2028 and includes two 12-month extension options. The new financing agreement replaces the previous agreement signed in 2021, which would have matured in 2026. The financing agreement includes a total of EUR 70 million in term loan arrangements and a EUR 30 million revolving credit facility (RCF). The terms of the loan arrangement include one covenant: net debt/EBITDA ratio. The financing agreement includes standard covenants and terms and conditions concerning situations in which the loan would mature. The agreement terms and conditions concerning the financial covenants measure the company\u2019s indebtedness by means of the net debt to EBITDA ratio. In addition, the interest rate margin of the financing agreement is tied to the ratio of net debt and EBITDA. The loans under the financing agreement are unsecured. The terms of the financing agreement entered into after the end of the financial year are substantially similar to the terms of the previous loan. Compliance with the covenants and loan terms and conditions is monitored as part of the Group\u2019s financial reporting, and they are reported to the Board of Directors monthly and to the lenders on a quarterly basis. No covenants were breached during the financial period or the comparison period, and the Group has no difficulty in meeting them. Interest rate risk The Group\u2019s loans from financial institutions have variable interest rates, which exposes the Group\u2019s cash flow to interest rate risk. On 31 January 2025, the carrying amount of these loans was EUR 50 million (EUR 50.0 million). The Group has not used interest rate hedging, but the interest rate risk has been mitigated, if necessary, by using cash assets to make additional repayments in order to manage interest expenses. The Group\u2019s exposure to interest rate risk is presented in the table below: EUR million 31 Jan 2025 31 Jan 2024 Fixed interest rate Lease liabilities 83.1 72.8 Floating interest rate Loans from financial institutions 50.0 50.0 Floating interest rate position, total 50.0 50.0 If interest rates had been 1.0 percentage points higher and all other factors were unchanged, the post-tax profit for the financial period would have been EUR 0.4 million (EUR 0.4 million) lower as a result of interest expenses of the floating rate interest-bearing liabilities. If interest rates had been 1.0 percentage points lower and all other factors were unchanged, the post-tax profit for the financial period would have been EUR 0.4 million (EUR 0.4 million) higher as a result of interest expenses of the floating rate interest-bearing liabilities. The sensitivity analysis is based on the risk position at the end of each financial period.Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__110": { "value": "Note 5.1 Capital management and net debt The Group\u2019s objective for the capital management is to safeguard the ability to continue as a going concern, so that it can continue to provide returns for the shareholders and benefits for other stakeholders and maintain an optimal capital structure in order to reduce the cost of capital. The capital structure is regularly assessed by the Board of Directors when the Board monitors equity and the level of net debt. Interest-bearing net debt is calculated based on the consolidated balance sheet as follows: EUR million 31 Jan 2025 31 Jan 2024 Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 58.2 Total non-current financial liabilities 118.1 108.2 Current financial liabilities Lease liabilities 15.0 14.6 Total current financial liabilities 15.0 14.6 Total financial liabilities 133.1 122.8 Cash and cash equivalents 18.3 21.5 Net debt 114.8 101.3 Changes in net debt Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2024 actitivies agreements changes Jan. 2025 Cash and cash equivalents 21.5 -3.1 18.3 Repayments of loans from financial institutions - Loans from financial institutions 50.0 0.0 50.0 Lease liabilities 72.8 -13.1 20.9 2.5 83.1 Net debt 101.3 -16.2 20.9 2.6 114.8 Non-cash changes Cash flows from Net debt 1 financing New lease Other Net debt 31 EUR million Feb. 2023 actitivies agreements changes Jan. 2024 Cash and cash equivalents 28.8 -7.3 21.5 Repayments of loans from financial institutions -20.0 -20.0 Loans from financial institutions 69.9 -20.0 0.1 50.0 Lease liabilities 53.4 -10.3 20.6 9.1 72.8 Net debt 94.4 -37.6 20.6 9.2 101.3 Other changes include non-cash flow changes and interest payments, which are presented as operating cash flows in the statement of cash flows.", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__117": { "value": "Note 5.2 Equity Puuilo\u2019s equity consists of the share capital, the reserve for invested unrestricted equity, and retained earnings. All of the company\u2019s shares are presented as share capital. If the company purchases its own shares, the purchase will be deducted from equity. Puuilo Plc\u2019s share capital is EUR 80,000 (EUR 80,000). The company has one type of shares. At the end of the financial year, the number of shares was 84,776,953. Each share conveys one vote in the general meeting and a similar dividend. The shares do not have a nominal value.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__114": { "value": "Note 5.2 Equity Puuilo\u2019s equity consists of the share capital, the reserve for invested unrestricted equity, and retained earnings. All of the company\u2019s shares are presented as share capital. If the company purchases its own shares, the purchase will be deducted from equity. Puuilo Plc\u2019s share capital is EUR 80,000 (EUR 80,000). The company has one type of shares. At the end of the financial year, the number of shares was 84,776,953. Each share conveys one vote in the general meeting and a similar dividend. The shares do not have a nominal value. The reserve of invested non-restricted equity, EUR 29.0 million (EUR 29.0 million), includes the share subscription prices to the extent not designated to be included in share capital.", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__113": { "value": "Note 5.2 Equity Puuilo\u2019s equity consists of the share capital, the reserve for invested unrestricted equity, and retained earnings. All of the company\u2019s shares are presented as share capital. If the company purchases its own shares, the purchase will be deducted from equity. Puuilo Plc\u2019s share capital is EUR 80,000 (EUR 80,000). The company has one type of shares. At the end of the financial year, the number of shares was 84,776,953. Each share conveys one vote in the general meeting and a similar dividend. The shares do not have a nominal value. The reserve of invested non-restricted equity, EUR 29.0 million (EUR 29.0 million), includes the share subscription prices to the extent not designated to be included in share capital. Puuilo Group held 555,000 (555,000) treasury shares on the balance sheet date of 31 January 2024. The acquisition cost of the shares, approximately EUR 3.2 million, have been deducted from retained earnings in equity.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__118": { "value": "The reserve of invested non-restricted equity, EUR 29.0 million (EUR 29.0 million), includes the share subscription prices to the extent not designated to be included in share capital. Puuilo Group held 555,000 (555,000) treasury shares on the balance sheet date of 31 January 2024. The acquisition cost of the shares, approximately EUR 3.2 million, have been deducted from retained earnings in equity.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__119": { "value": "Puuilo Group held 555,000 (555,000) treasury shares on the balance sheet date of 31 January 2024. The acquisition cost of the shares, approximately EUR 3.2 million, have been deducted from retained earnings in equity.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__115": { "value": "Puuilo Group held 555,000 (555,000) treasury shares on the balance sheet date of 31 January 2024. The acquisition cost of the shares, approximately EUR 3.2 million, have been deducted from retained earnings in equity.", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__116": { "value": "In the financial period, the total amount of dividends distributed was EUR 32.0 million (EUR 0.38 per share). In the comparison period 2023, the total amount of dividends distributed was EUR 28.7 million (EUR 0.34 per share). The dividend proposed by the Board of Directors to the Annual General Meeting has not been deducted from equity. Instead, dividends are recognised on the basis of the resolution by the Annual General Meeting.", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__121": { "value": "Note 5.3 Earnings per share Accounting policy The undiluted earnings per share was calculated by dividing the profit in accordance with the Group\u2019s income statement by the weighted average of the issued shares. The earnings per share adjusted by the dilution effect is calculated otherwise in the same manner, but the weighted average takes into account the diluting effect caused by the conversion of diluting potential shares to shares. The earnings per share and the diluted earnings per share are shown in the following table: 1 Feb 2024 - 1 Feb 2023 -EUR million 31 Jan 2025 31 Jan 2024 Basic earnings per share Profit attributable to the owners of the Company 47.9 38.7 Profit used to determine basic earnings per share 47.9 38.7 Weighted average number of shares outstanding during the period 84 221 953 84 313 660 Basic earnings per share (EUR) 0.57 0.46 Diluted earnings per share Profit used to determine diluted earnings per share 47.9 38.7 Weighted average number of shares outstanding during the period 84 221 953 84 313 660 Diluted earnings per share (EUR) 0.57 0.46", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__122": { "value": "Accounting policy The undiluted earnings per share was calculated by dividing the profit in accordance with the Group\u2019s income statement by the weighted average of the issued shares. The earnings per share adjusted by the dilution effect is calculated otherwise in the same manner, but the weighted average takes into account the diluting effect caused by the conversion of diluting potential shares to shares.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__123": { "value": "Note 5.4 Financial risk management The Group\u2019s operation exposes it to a variety of financial risks: a foreign exchange risk, cash flow interest rate risk, credit risk and liquidity risk. The Group\u2019s financial risk management strives to ensure liquidity and minimize potential adverse effects of market fluctuations and unpredictability to Group\u2019s financial performance, balance sheet and cash flows. The Board of Directors is responsible for the principles for overall risk management. The Management Team is responsible for the practical implementation of financial risk management. This includes the identification and assessment of risks and the tools needed to protect from them. Foreign exchange risk Puuilo is exposed to exchange rate risks through its purchases of goods. Unfavourable changes in foreign exchange rates may increase the cost of products purchased in currencies other than euro, and Puuilo may not be able to pass all such costs on to sales prices. Puuilo\u2019s main foreign currency is the US dollar. In the financial period 2024, approximately 84% of Puuilo\u2019s purchases were made in euros and approximately 16% in US dollars (90% and 10%, respectively, in the financial period 2023). Puuilo does not hedge its purchases in dollars. The table below shows Puuilo\u2019s transaction position at the balance sheet date and the sensitivity analysis. The sensitivity analysis of the transaction position shows the impact of the Group\u2019s order book on profit or loss before taxes if the exchange rate change was +/-10%. The decrease in the transaction position arises from the levelling off of the import purchases. EUR million 31 Jan 2025 31 Jan 2024 Transaction exposure 9.3 12.5 Open exposure 9.3 12.5 Change +10% -0.8 -1.1 Change -10% 1.0 1.4Interest rate risk The Group\u2019s loans from financial institutions have variable interest rates, which exposes the Group\u2019s cash flow to interest rate risk. On 31 January 2025, the carrying amount of these loans was EUR 50 million (EUR 50.0 million). The Group has not used interest rate hedging, but the interest rate risk has been mitigated, if necessary, by using cash assets to make additional repayments in order to manage interest expenses. The Group\u2019s exposure to interest rate risk is presented in the table below: EUR million 31 Jan 2025 31 Jan 2024 Fixed interest rate Lease liabilities 83.1 72.8 Floating interest rate Loans from financial institutions 50.0 50.0 Floating interest rate position, total 50.0 50.0 If interest rates had been 1.0 percentage points higher and all other factors were unchanged, the post-tax profit for the financial period would have been EUR 0.4 million (EUR 0.4 million) lower as a result of interest expenses of the floating rate interest-bearing liabilities. If interest rates had been 1.0 percentage points lower and all other factors were unchanged, the post-tax profit for the financial period would have been EUR 0.4 million (EUR 0.4 million) higher as a result of interest expenses of the floating rate interest-bearing liabilities. The sensitivity analysis is based on the risk position at the end of each financial period. Credit risk The Group\u2019s credit risk consists of credit risk related to business risks and the counterparty risk of other financial instruments. The majority of the Group\u2019s sales are cash transactions, sales on credit is possible only to B2B customers. Trade receivables from B2B customers do not include a credit risk concentration, as the Group\u2019s customer base is widespread, and no customer or customer group is dominant from the Group\u2019s perspective. Credit losses affecting the result for the financial periods presented in these financial statements were insignificant. Counterparty risk related to cash and cash equivalents is managed by depositing cash and cash equivalents in large Nordic banks with solid ratings. The Group\u2019s cash and cash equivalents are fully available to the Group. The maximum amount of the Group\u2019s credit losses corresponds to the carrying amount of the financial assets at the end of the financial period. The information is presented in Note 5.5. Liquidity risk Puuilo\u2019s CFO monitors the Group\u2019s liquidity situation and reports regularly to the Board of Directors and CEO to ensure that the Group has sufficient cash for business needs and loan management. The Group follows the financing required in business operations by analysing the operating cash flow forecasts and inventory turnover in order to have sufficient liquid assets to fund the operations and to repay loans from the financial institutions at maturity. At the end of the financial period, the Group\u2019s cash and cash equivalents totalled EUR 18.3 million (EUR 21.5 million). At the end of the financial period, the Group\u2019s trade receivables totalled EUR 5.9 million (EUR 5.3 million), including bank and credit card receivables. The Group had a credit limit of EUR 20.0 million at the end of the financial year. The credit limit consists of a revolving credit facility of EUR 15.0 million and a lease guarantee limit of EUR 5.0 million. The Group has not used the revolving credit facility during the financial year or the comparison period. At the end of the financial period, the amount of used lease financing limit was EUR 4.0 million (EUR 3.6 million). In addition to financial assets and liabilities, Puuilo\u2019s liquidity is based on cash flow from operations and management of the change in net working capital. The net working capital is mainly affected by the inventory turnover and trade payables. Puuilo\u2019s net cash flow generated from operating activities was EUR 49.1 million (EUR 58.0 million) in the 2024 financial period. A significant portion of Puuilo\u2019s net sales is generated from sales paid with cash or with credit cards. In addition, the company has some trade receivables mainly from sales to corporate customers, as described above. Puuilo has a strong cash flow generated from the operating activities, which it plans to use to finance the payments described in the table below. If necessary, Puuilo can also utilise its unused revolving credit facility in liquidity management. The table below shows the Group\u2019s financial liabilities by maturity group based on the remaining maturity at the balance sheet date. The amounts presented are contractual, undiscounted cash flows. Contractual Under 1 Over 5 Carrying 1-2 years 3-5 years undiscounted cash year years value flows EUR million 31 Jan 2025 Non-derivatives Loans from financial institutions 1.9 50.9 52.8 50.0 Lease liabilities 17.7 16.7 37.4 22.5 94.3 83.1 Trade payables 24.0 24.0 24.0 Other payables 0.2 0.2 0.2 Total 43.8 67.7 37.4 22.5 171.3 157.3 Contractual Under 1 Over 5 Carrying 1-2 years 3-5 years undiscounted cash year years value flows EUR million 31 Jan 2024 Non-derivatives Loans from financial institutions 2.5 2.5 51.2 56.2 50.0 Lease liabilities 14.3 14.1 32.9 20.9 82.2 72.8 Trade payables 21.2 21.2 21.2 Other payables 0.2 0.2 0.2 Total 38.3 16.6 84.1 20.9 159.9 144.3 Other payables do not include advances received, income tax liabilities, value-added tax liabilities as well as liabilities related to salaries and social security expenses, as they are not classified as financial liabilities. Other payables in the table include accrued interest related to the loans from financial institutions. Other accrued expenses are not classified as financial liabilities and are not included in the table. Other liabilities are presented in Note 3.3.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__125": { "value": "Foreign exchange risk Puuilo is exposed to exchange rate risks through its purchases of goods. Unfavourable changes in foreign exchange rates may increase the cost of products purchased in currencies other than euro, and Puuilo may not be able to pass all such costs on to sales prices. Puuilo\u2019s main foreign currency is the US dollar. In the financial period 2024, approximately 84% of Puuilo\u2019s purchases were made in euros and approximately 16% in US dollars (90% and 10%, respectively, in the financial period 2023). Puuilo does not hedge its purchases in dollars. The table below shows Puuilo\u2019s transaction position at the balance sheet date and the sensitivity analysis. The sensitivity analysis of the transaction position shows the impact of the Group\u2019s order book on profit or loss before taxes if the exchange rate change was +/-10%. The decrease in the transaction position arises from the levelling off of the import purchases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__124": { "value": "Foreign exchange risk Puuilo is exposed to exchange rate risks through its purchases of goods. Unfavourable changes in foreign exchange rates may increase the cost of products purchased in currencies other than euro, and Puuilo may not be able to pass all such costs on to sales prices. Puuilo\u2019s main foreign currency is the US dollar. In the financial period 2024, approximately 84% of Puuilo\u2019s purchases were made in euros and approximately 16% in US dollars (90% and 10%, respectively, in the financial period 2023). Puuilo does not hedge its purchases in dollars. The table below shows Puuilo\u2019s transaction position at the balance sheet date and the sensitivity analysis. The sensitivity analysis of the transaction position shows the impact of the Group\u2019s order book on profit or loss before taxes if the exchange rate change was +/-10%. The decrease in the transaction position arises from the levelling off of the import purchases. EUR million 31 Jan 2025 31 Jan 2024 Transaction exposure 9.3 12.5 Open exposure 9.3 12.5 Change +10% -0.8 -1.1 Change -10% 1.0 1.4", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__127": { "value": "Credit risk The Group\u2019s credit risk consists of credit risk related to business risks and the counterparty risk of other financial instruments. The majority of the Group\u2019s sales are cash transactions, sales on credit is possible only to B2B customers. Trade receivables from B2B customers do not include a credit risk concentration, as the Group\u2019s customer base is widespread, and no customer or customer group is dominant from the Group\u2019s perspective. Credit losses affecting the result for the financial periods presented in these financial statements were insignificant. Counterparty risk related to cash and cash equivalents is managed by depositing cash and cash equivalents in large Nordic banks with solid ratings. The Group\u2019s cash and cash equivalents are fully available to the Group. The maximum amount of the Group\u2019s credit losses corresponds to the carrying amount of the financial assets at the end of the financial period. The information is presented in Note 5.5.", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__128": { "value": "Liquidity risk Puuilo\u2019s CFO monitors the Group\u2019s liquidity situation and reports regularly to the Board of Directors and CEO to ensure that the Group has sufficient cash for business needs and loan management. The Group follows the financing required in business operations by analysing the operating cash flow forecasts and inventory turnover in order to have sufficient liquid assets to fund the operations and to repay loans from the financial institutions at maturity. At the end of the financial period, the Group\u2019s cash and cash equivalents totalled EUR 18.3 million (EUR 21.5 million). At the end of the financial period, the Group\u2019s trade receivables totalled EUR 5.9 million (EUR 5.3 million), including bank and credit card receivables. The Group had a credit limit of EUR 20.0 million at the end of the financial year. The credit limit consists of a revolving credit facility of EUR 15.0 million and a lease guarantee limit of EUR 5.0 million. The Group has not used the revolving credit facility during the financial year or the comparison period. At the end of the financial period, the amount of used lease financing limit was EUR 4.0 million (EUR 3.6 million). In addition to financial assets and liabilities, Puuilo\u2019s liquidity is based on cash flow from operations and management of the change in net working capital. The net working capital is mainly affected by the inventory turnover and trade payables. Puuilo\u2019s net cash flow generated from operating activities was EUR 49.1 million (EUR 58.0 million) in the 2024 financial period. A significant portion of Puuilo\u2019s net sales is generated from sales paid with cash or with credit cards. In addition, the company has some trade receivables mainly from sales to corporate customers, as described above. Puuilo has a strong cash flow generated from the operating activities, which it plans to use to finance the payments described in the table below. If necessary, Puuilo can also utilise its unused revolving credit facility in liquidity management. The table below shows the Group\u2019s financial liabilities by maturity group based on the remaining maturity at the balance sheet date. The amounts presented are contractual, undiscounted cash flows. Contractual Under 1 Over 5 Carrying 1-2 years 3-5 years undiscounted cash year years value flows EUR million 31 Jan 2025 Non-derivatives Loans from financial institutions 1.9 50.9 52.8 50.0 Lease liabilities 17.7 16.7 37.4 22.5 94.3 83.1 Trade payables 24.0 24.0 24.0 Other payables 0.2 0.2 0.2 Total 43.8 67.7 37.4 22.5 171.3 157.3 Contractual Under 1 Over 5 Carrying 1-2 years 3-5 years undiscounted cash year years value flows EUR million 31 Jan 2024 Non-derivatives Loans from financial institutions 2.5 2.5 51.2 56.2 50.0 Lease liabilities 14.3 14.1 32.9 20.9 82.2 72.8 Trade payables 21.2 21.2 21.2 Other payables 0.2 0.2 0.2 Total 38.3 16.6 84.1 20.9 159.9 144.3 Other payables do not include advances received, income tax liabilities, value-added tax liabilities as well as liabilities related to salaries and social security expenses, as they are not classified as financial liabilities. Other payables in the table include accrued interest related to the loans from financial institutions. Other accrued expenses are not classified as financial liabilities and are not included in the table. Other liabilities are presented in Note 3.3.", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__172": { "value": "Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__136": { "value": "Note 5.5 Financial assets and liabilities Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements. Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires. Financial assets and liabilities by valuation category Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Current financial assets Trade receivables 5.9 5.9 Other financial assets 0.9 0.9 Cash and cash equivalents 18.3 18.3 Total 25.2 25.2 Measured at Fair value through Carrying EUR million, 31 Jan 2025 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 68.1 68.1 Current financial liabilities Lease liabilities 15.0 15.0 Trade payables 24.0 24.0 Accrued interests 0.2 0.2 Total 157.3 157.3 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Current financial assets Trade receivables 5.3 5.3 Other financial assets 0.7 0.7 Cash and cash equivalents 21.5 21.5 Total 27.5 27.5 Measured at Fair value through Carrying EUR million, 31 Jan 2024 amortised cost profit or loss amount Non-current financial liabilities Loans from financial institutions 50.0 50.0 Lease liabilities 58.2 58.2 Current financial liabilities Lease liabilities 14.6 14.6 Trade payables 21.2 21.2 Accrued interests 0.2 0.2 Total 144.3 144.3 Other financial assets include receivables related to annual discounts on purchases and product complaints to be invoiced from suppliers. Other prepaid expenses are not classified as financial assets and are therefore not presented in the table. Prepaid expenses are presented in more detail in Note 3.2. Accrued liabilities include only accrued interest since other accrued liabilities are not classified as financial liabilities. Other liabilities are presented in more detail in Note 3.3. The carrying amounts of current items are estimated to substantially correspond to their fair values. The fair values of the loans from financial institutions are as follows: EUR million Carrying amount Fair value 31 Jan 2025 50.0 50.0 31 Jan 2024 50.0 50.0 The fair values of loans from financial institutions are based on cash flows discounted at the interest rate on the reporting date. Loans from financial institutions are classified in level 3 of the fair value hierarchy because they are determined by using non-observable inputs, such as own credit risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__179-1": { "value": "Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group.Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements.Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__177-1": { "value": "Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group.Key judgements and estimates applied in accounting for credit losses Trade receivables for the financial period or the comparison period did not include material overdue receivables. The amount of trade receivables and impairment losses recognised on them has been insignificant. In addition, the amount of the company\u2019s trade receivables in relation to the volume of business has been low, as a significant portion of the company\u2019s sales is paid in the company\u2019s stores at the time of purchase. Due to the above, the Group management has exercised judgement and estimated that the credit loss risk of trade receivables is not considered to be essential and has not recognised the expected credit losses in the financial statements.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__131": { "value": "Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__129": { "value": "Accounting policy Financial assets The Group\u2019s financial assets include trade receivables, other financial receivables and cash and cash equivalents. The Group applies a simplified approach in accordance with IFRS 9 that takes into account the expected life of receivables for all trade receivables and contractual receivables. The Group management estimates that the credit risk of trade receivables is insignificant. The IFRS 9 impairment requirement also applies to cash, but the impairment loss is insignificant. Trade receivables are written down if the Group does not have a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, include the debtor\u2019s non-commitment to a repayment plan. Impairment losses on trade receivables are presented as a net amount in operating profit. Subsequent payments on previously recognised credit losses are recognised in the same line item. Cash and cash equivalents include cash on hand as well as bank deposits. Financial assets are held to collect contractual cash flows. The contractual cash flows consist exclusively of principal and interest on the principal amount outstanding. Financial assets are initially measured at fair value and subsequently measured at amortised cost. Impairment losses are presented in other operating expenses in the statement of comprehensive income. Financial assets are derecognised when the rights to receive cash flows from the financial asset have expired or the item included in the financial assets has been transferred from the Group, and when the risks related to ownership have been transferred from the Group. Cash and cash equivalents EUR million 31 Jan 2025 31 Jan 2024 Cash in hand and at bank 18.3 21.5 Total 18.3 21.5", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__141": { "value": "Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__140": { "value": "Financial liabilities The financial liabilities include loans from financial institutions, accrued interests, lease liabilities and trade payables. Financial liabilities are initially recognised at their fair value less the transaction costs incurred. After the initial recognition, financial liabilities are measured at amortised cost using the effective interest rate method. A financial liability is classified as current when it will be settled within 12 months from the reporting date or when the Group does not have an unconditional right to defer settlement of the liability to more than 12 months after the reporting date. Financial liabilities which fall due within 12 months after reporting date are classified as current, even if the long-term refinancing agreement has been completed after the reporting date and prior to the approval of the financial statements. If a covenant is breached on or before the reporting date with the effect that the liability becomes payable on demand, the liability is also classified as current. If liabilities are classified as current due to a covenant breach, they are presented in the amount to be redeemed. A financial liability is derecognised from the balance sheet when it is discharged, cancelled or it expires.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__174": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__169-1": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.Finance costs EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest expenses on loans from financial institutions 2.5 3.0 Interest expenses on lease liabilities 2.9 2.0 Other financial costs 0.4 0.3 Total finance costs 5.8 5.4", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__148-1": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract. Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9Finance costs EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest expenses on loans from financial institutions 2.5 3.0 Interest expenses on lease liabilities 2.9 2.0 Other financial costs 0.4 0.3 Total finance costs 5.8 5.4", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__147": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract. Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9Finance costs EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest expenses on loans from financial institutions 2.5 3.0 Interest expenses on lease liabilities 2.9 2.0 Other financial costs 0.4 0.3 Total finance costs 5.8 5.4", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__145": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract. Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9Finance costs EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest expenses on loans from financial institutions 2.5 3.0 Interest expenses on lease liabilities 2.9 2.0 Other financial costs 0.4 0.3 Total finance costs 5.8 5.4", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__143": { "value": "Note 5.6 Finance income and costsAccounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract. Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9Finance costs EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest expenses on loans from financial institutions 2.5 3.0 Interest expenses on lease liabilities 2.9 2.0 Other financial costs 0.4 0.3 Total finance costs 5.8 5.4", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__153": { "value": "Accounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__152": { "value": "Accounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__151": { "value": "Accounting policy Finance costs consist of interest expenses on the loans from financial institutions, interest expenses on lease liabilities and other finance costs. Transaction costs related to loans from financial institutions are recognised in the income statement using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the loan to the present value. The calculation includes all fees and transaction costs paid by the parties to the contract.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__146": { "value": "Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__144": { "value": "Finance income EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Interest income 0.6 0.9 Total finance income 0.6 0.9", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__171": { "value": "Note 5.7 Contingent liabilities Accounting policy Contingent liability is a liability that arises from past events and whose existence will be confirmed in the future, or an existing obligation that is not recognised in the balance sheet because its realisation is not probable, or the amount of the obligation cannot be determined with sufficient reliability. Contingent liabilities are not recognised in the balance sheet. They are presented as disclosures unless the possibility of the realisation the liability is remote. Puuilo\u2019s contingent liabilities consist of lease liabilities for the leases with the lease term beginning after the end of the reporting period and are therefore not recognised in the balance sheet. The Group\u2019s financial institution loan is unsecured. Puuilo has committed to leases, the lease term of which will begin in the future, and which are, therefore, not recognised in the balance sheet as right-of-use assets or lease liabilities. The minimum lease payments under these agreements are shown in the table below: EUR million 31 Jan 2025 31 Jan 2024 Liability for lease agreements that will enter into force in the future 27.9 12.1", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__156": { "value": "Note 5.7 Contingent liabilities Accounting policy Contingent liability is a liability that arises from past events and whose existence will be confirmed in the future, or an existing obligation that is not recognised in the balance sheet because its realisation is not probable, or the amount of the obligation cannot be determined with sufficient reliability. Contingent liabilities are not recognised in the balance sheet. They are presented as disclosures unless the possibility of the realisation the liability is remote. Puuilo\u2019s contingent liabilities consist of lease liabilities for the leases with the lease term beginning after the end of the reporting period and are therefore not recognised in the balance sheet. The Group\u2019s financial institution loan is unsecured. Puuilo has committed to leases, the lease term of which will begin in the future, and which are, therefore, not recognised in the balance sheet as right-of-use assets or lease liabilities.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__154": { "value": "Note 5.7 Contingent liabilities Accounting policy Contingent liability is a liability that arises from past events and whose existence will be confirmed in the future, or an existing obligation that is not recognised in the balance sheet because its realisation is not probable, or the amount of the obligation cannot be determined with sufficient reliability. Contingent liabilities are not recognised in the balance sheet. They are presented as disclosures unless the possibility of the realisation the liability is remote. Puuilo\u2019s contingent liabilities consist of lease liabilities for the leases with the lease term beginning after the end of the reporting period and are therefore not recognised in the balance sheet. The Group\u2019s financial institution loan is unsecured. Puuilo has committed to leases, the lease term of which will begin in the future, and which are, therefore, not recognised in the balance sheet as right-of-use assets or lease liabilities. The minimum lease payments under these agreements are shown in the table below: EUR million 31 Jan 2025 31 Jan 2024 Liability for lease agreements that will enter into force in the future 27.9 12.1", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__159": { "value": "Note 6.1 Related parties Puuilo\u2019s related parties include key personnel of the Puuilo Group, their close family members and companies controlled by them. The key personnel include the members of the Board of Directors, the CEO, and other members of the Management Team. The Puuilo Group purchases some products it sells in its stores from companies owned by related parties. These companies manufacture products that are part of Puuilo\u2019s product assortment. In addition, the company leases business premises from related parties. The Group\u2019s lease liabilities to related parties include the present value of the future lease payments of the above-mentioned leased premises. Transactions with related parties have taken place at market price and on normal terms. All Puuilo employees are entitled to the ordinary personnel discount in Puuilo stores. A related party employed by Puuilo is entitled to this discount. This information has not been presented as related party transactions.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__157": { "value": "Note 6.1 Related parties Puuilo\u2019s related parties include key personnel of the Puuilo Group, their close family members and companies controlled by them. The key personnel include the members of the Board of Directors, the CEO, and other members of the Management Team. The Puuilo Group purchases some products it sells in its stores from companies owned by related parties. These companies manufacture products that are part of Puuilo\u2019s product assortment. In addition, the company leases business premises from related parties. The Group\u2019s lease liabilities to related parties include the present value of the future lease payments of the above-mentioned leased premises. Transactions with related parties have taken place at market price and on normal terms. All Puuilo employees are entitled to the ordinary personnel discount in Puuilo stores. A related party employed by Puuilo is entitled to this discount. This information has not been presented as related party transactions. The following transactions were carried out with related parties: Income statement EUR million 1 Feb 2024 - 31 Jan 2025 1 Feb 2023 - 31 Jan 2024 Net sales 0.0 0.0 Materials and services 1.0 3.5 Rent and other operating expenses 0.1 0.5 Balance sheet EUR million 31 Jan 2025 31 Jan 2024 Sales receivables - 0.0 Trade payables - 0.2 Lease liabilities (IFRS 16) - 1.2 Shareholdings 31 Jan 2025 31 Jan 2024 The Board of Directors 32,891 4,892,679 CEO 201,220 200,247 Other members of the Management Team 431,474 503,186 The remuneration of the management team is presented in Note 2.3.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__160": { "value": "Note 6.2 Group structure and consolidation The consolidated financial statement of Puuilo Group includes Puuilo Plc (parent company) and its wholly owned subsidiary, Puuilo Tavaratalot Ltd. Both companies are headquartered in Helsinki. Accounting policy Subsidiaries The subsidiaries are fully consolidated from the date of acquisition, i.e. from the date on which control is transferred to the Group until the date that control ceases. Puuilo has control over an entity when Puuilo is exposed to, or entitled to, the company\u2019s variable returns and has the ability to influence those returns by prescribing the principles of the entity\u2019s operations. The Consolidated Financial Statements have been prepared using the acquisition method. Intercompany transactions, receivables and liabilities and unrealised gains are eliminated. Unrealised losses are also eliminated unless the transaction indicates an impairment of the asset transferred. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__162": { "value": "Accounting policy Subsidiaries The subsidiaries are fully consolidated from the date of acquisition, i.e. from the date on which control is transferred to the Group until the date that control ceases. Puuilo has control over an entity when Puuilo is exposed to, or entitled to, the company\u2019s variable returns and has the ability to influence those returns by prescribing the principles of the entity\u2019s operations. The Consolidated Financial Statements have been prepared using the acquisition method. Intercompany transactions, receivables and liabilities and unrealised gains are eliminated. Unrealised losses are also eliminated unless the transaction indicates an impairment of the asset transferred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__164": { "value": "Note 6.3 Significant events after the end of the reporting period Adjusted EBITA exceeded guidance for financial year 2024, preliminary information on financial year 2024 results Puuilo released preliminary information about the financial year 2024 results. Puuilo's net sales for the financial year 2024 (February 2024 \u2013 January 2025) were EUR 383.4 million, and the adjusted EBITA was EUR 67.0 million, or 17.5% of net sales. Previously, Puuilo had guided that the nets sales for the financial year 2024 would be between EUR 380 \u2013 400 million and the adjusted EBITA would be between EUR 60\u201366 million. (Stock exchange release 10 March 2025) Proposals of the Shareholders' Nomination Board The Shareholders\u2019 Nomination Board of Puuilo Plc proposes to the Annual General Meeting that the number of the members of the Board of Directors will be five (previously six). The Nomination Board proposes that current members of the Board of Directors Jens Joller, Mammu Kaario and Tuomas Piirtola be re-elected. The Nomination Board also proposes that Susanne Hounsgaard and Markku Tuomaala be elected as new members to the Board of Directors. Current members of the Board of Directors Lasse Aho, Bent Holm and Anne-Mari Paapio have notified the company that they are no longer available to be elected as a members of the Board of Directors. All proposed persons are independent of the company and its major shareholders except Jens Joller who is independent of the company, but dependent of the major shareholder. The Nomination Board proposes to the Annual General Meeting that Mammu Kaario be elected as the Chair of the Board of Directors. The Nomination Board proposes that the remunerations of the members of the Board of Directors are as follows: -EUR 65,000 (earlier EUR 60,000) to the Chair of the Board of Directors as annual remuneration -EUR 33,000 (earlier EUR 30,000) to the other members of the Board of Directors as annual remuneration -In addition, the Chair of the Audit Committee will be paid EUR 6,000 (earlier EUR 5,000) as annual remuneration and other members of the Audit Committee EUR 3,000 (earlier EUR 2,500) as annual remuneration All remunerations will be paid in cash. (Stock exchange release 19 March 2025) Refinancing Puuilo has signed a new EUR 100 million long-term financing agreement with OP Corporate Bank Plc. The new financing agreement has a maturity of 36 months and includes two 12-month extension options. The new financing agreement replaces the previous agreement signed in 2021. The financing agreement includes a total of EUR 70 million term loan and EUR 30 million revolving credit facility (RCF). The funds will be used to repay existing loans, working capital financing and for the Group\u2019s other general financing needs. The terms of the financing agreement include one covenant: net debt/EBITDA ratio. The agreement also includes EUR 30 million uncommitted additional financing option (accordion option). However, this accordion option requires a separate financing decision from the bank. (Stock exchange release 27 March 2025) Change in the holding of Puuilo Plc\u2019s treasury shares A total number of 126,481 Puuilo shares held by the company has been conveyed without consideration to 28 key employees participating in the share-based incentive program 2022\u20132024. The program was announced on 20 April 2022 with stock exchange release. The conveyance is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 15 May 2024. After the share transfer on 14 April 2025, the company holds a total of 428,519 own shares. (Stock exchange release 15 April 2025) Board of Directors established a new long-term incentive plan for company\u2019s key employees The Board of Directors of Puuilo Plc has resolved to establish a new Long-Term Incentive Plan for the key employees of the Company and its subsidiaries (\u201cLTI\u201d) and launch the first LTI plan period for 2025\u20132027. The purpose of the LTI is to encourage the key employees to acquire and own the Company\u2019s shares. The LTI also aims to align the interests of the shareholders and the key employees as well as to increase key employees\u2019 motivation and long-term commitment to the Company. The LTI is intended to consist of annually commencing plan periods, each with a 12-month savings period followed by a holding period of approximately one and a half year. The Board of Directors will resolve annually on the launch of a new plan period. Participation in the LTI is voluntary, and key employees are invited to participate in each plan period separately. The first LTI plan period 2025\u20132027 begins on 1 June 2025 and ends on 31 May 2028. The first savings period ends on 31 May 2026. The holding period begins at the first acquisition of savings shares. In the 2025\u20132027 plan period, the LTI is offered to approximately 100 key employees of the Group, including also the Management Team and the CEO. As part of the LTI, the key employees have an opportunity to make a one-off investment and/or save a proportion of their salaries and invest those savings in Puuilo shares. With the savings of the 2025\u20132027 plan period, Puuilo shares will be acquired in four tranches estimated in September 2025, December 2025, March 2026 and June 2026. In the 2025\u20132027 plan period, as a reward for their commitment, the Company grants the key employees participating in the LTI a gross reward of one free matching share for every savings share acquired with their savings. The participants have also an opportunity to earn one to three performance-based matching shares (gross) for each savings share acquired with their savings if the performance criteria set for the plan period are met. The performance criteria of the plan are tied to the total shareholder return of the share (TSR), the company\u2019s adjusted earnings before interest, taxes and amortisation (EBITA) and return on invested capital (ROIC). Continuity of employment and holding of acquired savings shares for the duration of the holding period, ending on the day following the 2027 financial statement release, are prerequisites for receiving the award. The potential award will be paid partly in shares and partly in cash after the end of the holding period. The cash proportion is intended to cover taxes and statutory social security contributions arising from the award. Matching shares will be freely transferable after their registration in a participant\u2019s book-entry account. The savings shares and matching share are Puuilo shares. The maximum number of matching shares (gross before taxes) for the first plan period of 2025\u20132027 is approximately 519 000 shares, calculated at the share price on 16 April 2025. The final number of matching shares depends on the key employees\u2019 participation and savings rate in the plan, the fulfilment of the prerequisites for receiving matching shares and the number of shares acquired from the market with savings. (Stock exchange release 17 April 2025)", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__166": { "value": "Note 6.4 New and upcoming accounting standards IFRS 18 Presentation and Disclosure in Financial Statements, effective for reporting periods beginning on or after 1 January 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 Puuilo group financial statements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } }, "f1__s6__6__165": { "value": "Note 6.4 New and upcoming accounting standards IFRS 18 Presentation and Disclosure in Financial Statements, effective for reporting periods beginning on or after 1 January 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 Puuilo group financial statements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:743700UJUT6FWHBXPR69", "period": "2024-02-01T00:00:00/2025-02-01T00:00:00" } } } }