Citycon Oyj's Annual and CSR Report 2009 published
Citycon Oyj's first integrated Annual and Corporate Social Responsibility Report
2009 has been published in Finnish and English today. The report also includes
the Financial Statements and the Report by the Board of Directors for the
financial year 2009, published on 10 February 2010.
Citycon's first CSR Report describes the company's economic, social and
environmental responsibility with respect to its various stakeholders applying
the recommendations issued by the Global Reporting Initiative (GRI) concerning
the content and reporting principles in CSR reporting. Citycon's self-declared
GRI Application Level of the report is C. This level has been verified by a
third party.
Other most important new elements in the Annual Report and in the Financial
Statements are:
Annual Report
- Like-for-like net rental income by segments, p. 6
- Strategic objectives related to environmental responsibility, p. 7
- Key performance indicators (KPIs), p. 7
- Leasing management and the structure of the lease portfolio, p. 16-17
- Covenant development (interest cover ratio and equity ratio), p. 48
Financial Statements
- Treatment of sale of investment properties, p. 23
- Assumptions used by external appraiser in the cash flow analysis disclosed
further, p. 28
- Investment properties held for sale, p. 29
- Shareholders' equity sensitivity to a 100 basis point change, p. 33
The Annual and CSR Report in pdf-format is available on the corporate website
www.citycon.com . The printed version of the report
will be published in week 10 and it can be ordered by sending an e-mail to
info@citycon.fi.
Helsinki, 1 March 2010
CITYCON OYJ
Petri Olkinuora
CEO
For further information, please contact:
Eero Sihvonen, CFO and Executive VP
Tel +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.fi
[HUG#1389595]