Notes to the profit and loss account

EUR 1000


2015 2014
1 Other operating income


Operating income from participating interests 29 78

Remunerations 1,107 1,004

Other operating income 729 530


1,865 1,612
2 Average number of staff employed


Employees 56 51
3 Wages and salaries


Managing Director and his alternate 334 327

The Board of Directors and the Supervisory Board 117 120


The Board of Directors



Chair's monthly emoluments 1,100 €


Vice chair's monthly emoluments 700 €


Board members' monthly emoluments 600 €


Emolument per meeting of Board of Directors and Audit Committee 300 €


Supervisory Board



Chair’s emolument per meeting 800 €


Vice chair’s emolument per meeting 600 €


Board member's emolument per meeting 500 €

Managing Director has the right to retire at the age of 63. Retirement age is based on the contract renewed in 2012.

4 Depreciation


Other capitalised long-term expenses 29 34

Machinery and equipment 102 82


131 116
5 Other operating charges


Voluntary staff expenses 419 345

Office 483 506

ICT 341 382

Travel and negotiation expenses 743 730

Entertainment and PR expenses 138 105

External services 1,207 859

Other expenses 327 293


3,658 3,220
6 Auditor's remunerations


Audit fee 9 10

Assignments 1 11

Other services 16 3


26 24
7 Financial income and expenses


Financial income


Income from participating interests



From funds 4 26


Profit from sales of assets 2,646 0


From others 211 250

Income from participating interests 2,861 276

Income from other investments



Dividends 183 334


From funds 7,068 5,107


Profit from investments and sales of assets 2,804 86

Income from other investments 10,055 5,527

Other interest and financial income



Interest income 7,378 5,805


Interest income from participating interests 478 265


Financial income 842 1,140


Financial income from participating interests 4 2


Exchange rate gain 15,272 10,512

Other interest and financial income 23,974 17,724

Financial income total 36,890 23,527

Permanent write-offs of investments and their reversals



Equity and funds -4,373 -3,318


Loans -5,808 -3,423


Reversal of write-offs on shares and fund investments 3,689 4,006


Reversal of write-offs on loans 1,498 1,348

Write-offs of investments and their reversals -4,994 -1,387

Interest and other financial expenses



Interest expenses to others -789 -747


Other financial expenses -2,033 -847


Loss from investments and sales of assets -1,284 -577


Exchange rate loss -15,153 -10,720

Interest and other financial expenses total -19,259 -12,891

Financial income and expenses total 12,637 9,249

The item Financing income and expenses includes loss of exchange (net) 119 -209
7 Income from financing operations by income level


Least developed countries (LDC) 11,902 6,669

Other low-income countries (LIC) 8,638 4,241

Lower-middle-income countries (LMIC) 8,271 6,745

Upper-middle-income countries (UMIC) 2,906 2,565

Other countries Russia 790 1,112


32,507 21,332
8 Income taxes


Tax on capital gains outside Finland 100 0

Withholding taxes on dividends 0 2

Withholding taxes on emoluments 3 3

Stamp duty 0 30


103 35