Financials

Notes to the balance sheet

EUR 1000

9	Intangible and tangible assets		Other long-term expenses	Machinery and equipment	Total
	Acquisition cost 1 Jan. 2012		964	1,578	2,542
		Increases	19	0	19
		Decreases	0	0	0
	Acquisition cost 31 Dec. 2012		983	1,578	2,561
	Accumulated depreciations 1 Jan. 2012		-940	-1,461	-2,401
		Depreciation of the accounting period	-14	-53	-67
	Accumulated depreciations 31 Dec. 2012		-954	-1,514	-2,468
	Book value 31 Dec. 2012		29	64	93
	Book value 31 Dec. 2011		24	117	141
10	Investments / Shares and funds		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2012		44,679	67,381	112,060
		Increases	14,373	29,184	43,557
		Decreases	-841	-8,423	-9,264
	Acquisition cost 31 Dec. 2012		58,211	88,142	146,353
	Individual write-offs accumulated as of 1 Jan. 2012		-4,886	-5,521	-10,407
		Reversal of write-offs	166	208	374
		Write-offs during the financial year	-1,194	-2,701	-3,895
	Individual write-offs accumulated as of 31 Dec. 2012		-5,914	-8,014	-13,928
	Write-offs by asset class accumulated as of 1 Jan. 2012		-86	-397	-483
		Reversal of write-offs	86	397	483
	Write-offs by asset class accumulated as of 31 Dec. 2012		0	0	0
	Book value 31 Dec. 2012		52,297	80,128	132,425
10	Investments / Loans		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2012		16,467	155,148	171,615
		Increases	1,317	17,253	18,570
		Decreases	-2,307	-23,664	-25,971
	Acquisition cost 31 Dec. 2012		15,477	148,737	164,214
	Individual write-offs accumulated as of 1 Jan. 2012		-5,165	-15,222	-20,387
		Reversal of write-offs	149	963	1,112
		Write-offs during the financial year	-192	-3,051	-3,243
	Individual write-offs accumulated as of 31 Dec. 2012		-5,208	-17,310	-22,518
	Write-offs by asset class accumulated as of 1 Jan. 2012		0	-61	-61
		Reversal of write-offs	0	61	61
	Write-offs by asset class accumulated as of 31 Dec. 2012		0	0	0
	Book value 31 Dec. 2012		10,269	131,427	141,696

				2012	2011
11	Subordinated receivables
	Capital loans to participating interests			5,147	4,206
	Capital loans to others			29,133	28,227
				34,280	32,433
12	Receivables from participating interests
	Interests			81	140
	Other			322	44
				403	184
13	Prepayments and accrued income
	Interests			1,370	1,687
	Other			1,158	1,502
				2,528	3,189
14	Marketable securities
	Repurchase price			31,622	17,877
	Book value			31,169	17,440
	Difference			453	437
15	Shareholders' equity
	Share capital 1 Jan.			113,935	98,913
	Increase of share capital			10,015	15,022
	Share issue			5,000	0
	Share capital as of 31 Dec.			128,950	113,935
	Retained earnings 31 Dec.			72,375	63,158
	Profit/loss for the financial year			1,240	9,217
				202,565	186,310
16	Share capital
	Number of shares			729,116	670,206
	Nominal value, EUR			170.00	170.00
17	Long-term loans
	Private placements			7,579	7,729
	Loans from credit institutions			37,389	60,622
	Other long-term liabilities			19	0
				44,987	68,351
17	Loans with maturity more than 5 years
	Loans from credit institutions			30,317	0
	Other long-term liabilities			19	0
				30,336	0
18	Private placements
	Private placement 2011/2014			3,790	3,864
	Private placement 2011/2014			3,789	3,864
				7,579	7,728
19	Accruals and prepaid income
	Wages including social expenses			1,159	919
	Interest			202	207
	Other			45	1
				1,406	1,127

Finnish Fund for Industrial
Cooperation Ltd. (FINNFUND)

Uudenmaankatu 16 B
P.O. Box 391 FI-00121 Helsinki, Finland
tel. +358 9 348 434
fax +358 9 3484 3346
www.finnfund.fi

Financials

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