Baltic States

The Baltic states consist of the countries Estonia, Latvia and Lithuania.

Business operating result

The business operating result is included a s a subtotal in
the income statement in order to show the operating financial
performance of the Group. The business operating
result is a before-tax amount that excludes the impairment
of intangible assets and reversal of impairment of intangible
assets items and, until financial year 2019, the result from
fully consolidated non-profit societies.