Annual Report 2014
Annual Report 2014
- Suomi
- English
- In brief
- Year 2014
- 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
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
Notes to the balance sheet
EUR 1000
| 9 | Intangible and tangible assets | Other long-term expenses | Machinery and equipment | Total | ||
| Acquisition cost 1 Jan. 2014 | 1,084 | 1,637 | 2,721 | |||
| Increases | 0 | 138 | 138 | |||
| Acquisition cost 31 Dec. 2014 | 1,084 | 1,775 | 2,859 | |||
| Accumulated depreciations 1 Jan. 2014 | -992 | -1,571 | -2,563 | |||
| Depreciation of the accounting period | -34 | -82 | -116 | |||
| Accumulated depreciations 31 Dec. 2014 | -1,026 | -1,653 | -2,679 | |||
| Book value 31 Dec. 2014 | 58 | 122 | 180 | |||
| Book value 31 Dec. 2013 | 92 | 66 | 158 | |||
| 10 | Investments / Shares and funds | Participating interests | Others | Total | ||
| Acquisition cost 1 Jan. 2014 | 55,913 | 93,244 | 149,157 | |||
| Increases | 5,026 | 29,716 | 34,742 | |||
| Decreases | -1,324 | -5,145 | -6,469 | |||
| Acquisition cost 31 Dec. 2014 | 59,615 | 117,815 | 177,430 | |||
| Individual write-offs accumulated as of 1 Jan. 2014 | -3,305 | -10,480 | -13,785 | |||
| Reversal of write-offs | 1,213 | 2,818 | 4,031 | |||
| Write-offs during the financial year | -1,611 | -1,707 | -3,318 | |||
| Individual write-offs accumulated as of 31 Dec. 2014 | -3,703 | -9,369 | -13,072 | |||
| Book value 31 Dec. 2013 | 55,912 | 108,446 | 164,358 | |||
| 10 | Investments / Loans | Participating interests | Others | Total | ||
| Acquisition cost 1 Jan. 2014 | 12,427 | 121,082 | 133,509 | |||
| Increases | 6,582 | 40,403 | 46,985 | |||
| Decreases | -1,985 | -28,202 | -30,187 | |||
| Acquisition cost 31 Dec. 2014 | 17,024 | 133,283 | 150,307 | |||
| Individual write-offs accumulated as of 1 Jan. 2014 | -1,999 | -16,972 | -18,971 | |||
| Reversal of write-offs | 0 | 1,348 | 1,348 | |||
| Write-offs during the financial year | -212 | -3,236 | -3,448 | |||
| Individual write-offs accumulated as of 31 Dec. 2014 | -2,211 | -18,860 | -21,071 | |||
| Book value 31 Dec. 2013 | 14,813 | 114,423 | 129,236 | |||
| 2014 | 2013 | |||||
| 11 | Subordinated receivables | |||||
| Capital loans to participating interests | 13,412 | 7,266 | ||||
| Capital loans to others | 32,405 | 32,104 | ||||
| 45,817 | 39,370 | |||||
| 12 | Receivables from participating interests | |||||
| Interests | 43 | 106 | ||||
| Other | 459 | 208 | ||||
| 502 | 314 | |||||
| 13 | Other receivables | |||||
| Cross currency and interest swaps | ||||||
| Nominal value EUR 12.176.560,12 / 10.9.2018 | ||||||
| Fair value | 0 | 491 | ||||
| Currency forwards | ||||||
| Nominal value EUR 7.656.282,76 / 16.1.2014 | ||||||
| Fair value | 0 | 8 | ||||
| 0 | 499 | |||||
| 14 | Prepayments and accrued income | |||||
| Interests | 1,298 | 2,000 | ||||
| Other | 1,064 | 988 | ||||
| 2,362 | 2,988 | |||||
| 15 | Marketable securities | |||||
| Repurchase price | 12,540 | 53,461 | ||||
| Book value | 12,381 | 53,290 | ||||
| Difference | 159 | 171 | ||||
| 16 | Shareholders' equity | |||||
| Share capital 1 Jan. | 138,964 | 128,950 | ||||
| Increase of share capital | 18,025 | 10,014 | ||||
| Share capital as of 31 Dec. | 156,989 | 138,964 | ||||
| Retained earnings 31 Dec. | 76,317 | 73,615 | ||||
| Profit/loss for the financial year | 2,408 | 2,702 | ||||
| 235,714 | 215,281 | |||||
| 17 | Share capital | |||||
| Number of shares | 923,466 | 817,434 | ||||
| Nominal value, EUR | 170.00 | 170.00 | ||||
| 18 | Long-term loans | |||||
| Private placements | 50,000 | 50,000 | ||||
| Loans from credit institutions | 21,964 | 23,506 | ||||
| Other long-term liabilities | 107 | 62 | ||||
| 72,071 | 73,568 | |||||
| 18 | Loans with maturity more than 5 years | |||||
| Loans from credit institutions | 21,964 | 27,071 | ||||
| Other long-term liabilities | 0 | 0 | ||||
| 21,964 | 27,071 | |||||
| 19 | Private placements | |||||
| Private placement 2013/2018 | 50,000 | 50,000 | ||||
| Private placement 2011/2014 | 0 | 3,626 | ||||
| Private placement 2011/2014 | 0 | 3,625 | ||||
| 50,000 | 57,251 | |||||
| 20 | Other short-term debt | |||||
| Cross currency and interest swaps | ||||||
| Nominal value 19 465 189,86 € / 10.9.2018 | ||||||
| Fair value | 132 | 0 | ||||
| Nominal value 8 109 517,41 € / 22.1.2015 | ||||||
| Fair value | -47 | 0 | ||||
| Nominal value 6 014 560,04 € / 17.2.2015 | ||||||
| Fair value | -32 | 0 | ||||
| Nominal value 6 325 334,93 € / 23.2.2015 | ||||||
| Fair value | 1 | 0 | ||||
| Nominal value 288 419,25 € / 2.3.2015 | ||||||
| Fair value | -2 | 0 | ||||
| Nominal value 5 705 858,95 € / 17.3.2015 | ||||||
| Fair value | -34 | 0 | ||||
| 18 | 0 | |||||
| 21 | Accruals and prepaid income | |||||
| Wages including social expenses | 1,350 | 1,251 | ||||
| Interest | 130 | 126 | ||||
| Other | 148 | 195 | ||||
| 1,628 | 1,572 | |||||
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