Annual Report 2012
Annual Report 2012
- Suomi
- English
- In brief
- Year 2012
- Corporate governance
- Responsibility
- Investments
- Financials
- Financials
- Board of Directors' report
- Profit and loss account
- Balance sheet
- Cash flow statement
- Accounting policy
- Notes to the profit and loss account
- Notes to the balance sheet
- Other supplementary information
- Signatures of Board of Directors' report and financial statements
- Auditor's report
- Statement of the Supervisory Board
Investments
Investments, 31 December 2012
| Investment | Operation | Finnish company* |
| ASIA | ||
| Cambodia-Laos Development Fund | Private equity fund | |
| Mekong Brahmaputra Clean Development Fund L.P. | Private equity fund | |
| Tropical Asia Forest Fund | Private equity fund | |
| CHINA | ||
| Ceiko China Ltd | Steel structures | Konepaja Ceiko Oy |
| China Finland Maanshan Steel Co. Ltd. | Metal products | Metalliset Oy |
| LVDU Lapland Food (Fushun) Co. Ltd | Dairy products | Lapland Food Oy |
| Detection Technology (Beijing) Ltd. | Radiation detectors | Detection Technology Oy |
| Norrhydro Hydraulics System (Changzhou) Co. Ltd. | Manufacturing of hydraulic cylinders | Norrhydro Group Oy |
| Outokumpu Stainless Steel (China) Co. Ltd. | Stainless steel products | Outokumpu Oyj |
| Shanghai Fimet Medical Instrument Co. | Dental chairs | Fimet Oy |
| Teknikum Suzhou Technology Co. Ltd. | Rubber and plastic products | Teknikum-yhtiöt Oy |
| Xian Xifen Manufacturing Company Ltd., Xian Xifen Software Technology Company Ltd. | Electrical equipment | SR-Instruments Oy, Inspex Oy |
| INDIA | ||
| Ashley Alteams India Pvt. Ltd. | Aluminium components | Alteams Group |
| Bharti Airtel Limited | Telecommunications | Nokia Siemens Networks Oy |
| Incap Contract Manufacturing Services Pvt. Ltd. | Contract manufacturer of electromechanics | Incap Oyj |
| Ojala (India) Engineering Pvt. Ltd. | Metal products | Ojala-Yhtymä Oy |
| Polygenta Technologies Ltd. | Polyester manufacturing | |
| SREI Infrastructure Finance Limited | Leasing | |
| Stera Engineering (India) Pvt. Ltd. | Contract manufacturer of electromechanics | Stera Technologies Oy |
| VME Precast Pvt. Ltd. | Concrete elements | Valkeakosken Betoni Oy |
| West Coast Paper Mills Limited | Paper mill | Metso Paper Oy |
| LAOS | ||
| Nam Sim Power Company Limited | Hydropower plant | |
| MALAYSIA | ||
| Polar Twin Advance (M) Sdn. Bhd. | Electronics | Polar Electro Oy |
| MONGOLIA | ||
| Radisson BLU Hotel Ulaanbaatar | Hotel | |
| PHILIPPINES | ||
| mBank Philippines | Microfinance | |
| SRI LANKA | ||
| Lanka Orix Leasing Company Ltd. | Leasing | |
| South Asia Energy Management Systems (SAEMS) | Small hydropower | |
| THAILAND | ||
| A.T. Biopower Co., Ltd. | Biopower plant | Pöyry Oyj |
| Siam Investment Fund II L.P. | Private equity fund | |
| VIETNAM | ||
| Mekong Enterprise Fund, Ltd. | Private equity fund | |
| SEAF Blue Waters Growth Fund Limited | Private equity fund | |
| AFRICA | ||
| AfriCap Microfinance Investment Ltd. | Microfinance | |
| AfricInvest Fund Ltd. | Private equity fund | |
| Afrinord Hotel Investments A/S | Hotels | |
| Alios Finance SA | Leasing | |
| Atlantic Coast Regional Fund | Private equity fund | |
| Aureos Africa Fund LLC | Private equity fund | |
| B.O.A. Group S.A. | Bank | |
| Catalyst Fund | Private equity fund | |
| Fanisi Venture Capital Fund | Private equity fund | |
| Fidelity Equity Fund II Limited | Private equity fund | |
| GEF Africa Sustainable Forestry Fund, L.P. | Forestry Fund | |
| Green Resources AS | Forestry | |
| European Financing Partners | Development financing | |
| GroFin East Africa Fund LLC | Private equity fund | |
| Norsad Finance Limited | Development financing | |
| Silverlands Fund | Private equity fund | |
| ECP Africa Fund I LLC | Private equity fund | |
| CAPE VERDE | ||
| Cabeólica S.A. | Wind power | |
| KENYA | ||
| Elgon Road Developments Limited | Hotel | |
| Universal Corporation Ltd. | Medicines | |
| NIGERIA | ||
| Access Bank Plc | Bank | |
| African Foundries Limited | Steel | Wärtsilä Oyj |
| SOUTH AFRICA | ||
| DBC South Africa Ltd. | Physiotherapy and rehabilitation | DBC International Oy |
| Evolution One LP | Private equity fund | |
| Horizon Fund III Trust | Private equity fund | |
| SIERRA LEONE | ||
| Goldtree Sierra Leone Limited | Food production | |
| TANZANIA | ||
| Kilombero Valley Teak Company Ltd. | Teak plantation | |
| Precision Air Services Ltd. | Airline company | |
| Tanira Ltd. | Hand pumps | Lojer Oy |
| THE MEDITERRANEAN | ||
| TURKEY | ||
| PineBridge Blue Voyage Partners L.P. | Private equity fund | |
| Noksel A.S. | Steel pipes | Nokia Oyj |
| LATIN AMERICA AND THE CARIBBEAN | ||
| CENTRAL AMERICA | ||
| CASEIF II Corporation Ltd. | Private equity fund | |
| Central American Mezzanine Infra Fund (CAMIF) | Private equity fund | |
| Central American Renewable Energy and Cleaner Production Facility (CAREC) | Private equity fund | |
| HONDURAS | ||
| La Vegona | Hydropower | |
| Los Laureles | Small hydropower | |
| Mezapa Hydroelectric Project | Small hydropower | |
| LATIN AMERICA | ||
| CEA Latin America Communication Partners | Private equity fund | |
| CIFI - Corporación Interamericana para el Financiamiento de Infraestructura, S.A | Bank | |
| Latin American Agribusiness Development Corporation (LAAD) | Bank | |
| SEAF Latam Growth Fund | Private equity fund | |
| Solidus Investment Fund S.A. | Microfinance | |
| The Forest Company Ltd. | Forestry | |
| NICARAGUA | ||
| Bancentro | Bank | |
| URUGUAY | ||
| Forestal Oriental S.A. | Eucalyptus plantation | Oy Metsä-Botnia Ab, UPM-Kymmene Oyj |
| Ontur International S.A. | Port | Oy Metsä-Botnia Ab |
| CENTRAL AND EASTERN EUROPE | ||
| BOSNIA AND HERZEGOVINA | ||
| LOK Micro-Mikrokreditna Organizacija Sarajevo | Microfinance | |
| CENTRAL AND EASTERN EUROPE | ||
| SEAF Central and East European Growth Fund LLC | Private equity fund | |
| SEAF South Balkan Fund B.V. | Private equity fund | |
| RUSSIA | ||
| Clinic Scandinavia | Clinic | Scanfert Oy |
| Mantsinen Machine Rental Oy | Logistics and material handling | Mantsinen Group Ltd. Oy |
| MP Russia Oy | Food products | Myllyn Paras Oy Konserni |
| OOO AVA-Peter | Hospital | Scanfert Oy |
| OOO Dan-Invest | Agriculture | Atria Oyj |
| OOO Volgastrap | Steel strips | Specta Group AG |
| Oy Nordic Russian Management Co - NORUM | Development financing | |
| Rani Plast Kaluga LLC | Plastic products | Ab Rani Plast Oy |
| ZAO Izhma Reindeer Meat | Meat processing | Kometos Oy |
| UKRAINE | ||
| Aqueduct Ltd. | Metal products | Macring Oy |
| Slavutskiy Kombinat Budfarfor PJSC | Ceramic industry | Sanitec Oyj |
| ZAO Zaporozhkij Zavod Tjazhelogo Krasnostroenia | Cranes | Konecranes Oyj |
| INTERNATIONAL | ||
| Dasos Timberland Fund I | Forestry Fund | Dasos Capital Oy |
| Global Environment Emerging Markets Fund III, L.P. | Private equity fund | |
| Interact Climate Change Fund S.A. | Development financing | |
| MBH B.V. | Microfinance | |
| Private Energy Market Fund Ky | Energy fund | Electrowatt-Ekono |
| ShoreCap International Ltd. | Microfinance | |
| ShoreCap International Ltd. II | Microfinance | |
| Uniqoteq | Electronic equipment | Uniqoteq |
| WD Power Investment Ky | Energy fund | Wärtsilä Oyj |
| WWB Isis Fund | Microfinance | |
| *) Shareholder or significant technology provider | ||
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