Stora Enso's equity accounted investment Bergvik Skog AB in Sweden increases the IFRS fair value of its biological assets. Stora Enso's share of the increase, net of tax, is approximately SEK 4.1 billion (EUR 435 million) subject to normal year end verification. The increase in fair value will be recorded in the Group's IFRS operating profit in the fourth quarter of 2015. Stora Enso's share of the fair value of the biological assets in Bergvik Skog will be approximately SEK 22.2 billion (EUR 2.4 billion).The increase does not impact Stora Enso's operational EBIT.
The fair value change of Bergvik Skog's forest holdings is mainly due to the decrease from 6.25% to 5.2% of the post-tax discount rate used in the discounted cash flow based valuation of the biological assets.
Stora Enso's shareholding in Bergvik Skog AB is 49%.