Annual Report 2015
Annual Report 2015
- Suomeksi
- In English
- In brief
- Year 2015
- Corporate governance
- Responsibility
- Investments
- Investments
- List of investments
- Direct investments
- Development impact via funds
- Banks and financial institutions
- Highlights of Finnfund's investments
- Highlights of Finnfund's investments
- Sustainable forestry in Africa
- Hotel creates hundreds of jobs in Kenya
- Cargo centre boosts Ghana's exports
- Local panelboard for Mexican homes
- Better access to finance in East Africa
- Finnish furnitures for Ethiopians
- Textile waste into business in India
- Education exports to developing countries
- 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
Year 2015
Five years in review
| Operational analysis, EUR million | 2011 | 2012 | 2013 | 2014 | 2015 |
| Financial income | 10.1 | 12.3 | 13.6 | 12.9 | 16.2 |
| Financial expenses | -1.4 | -1.6 | -1.6 | -1.8 | -2.7 |
| Net financial income | 8.7 | 10.7 | 12.0 | 11.1 | 13.5 |
| Other operating income | 1.4 | 1.2 | 1.5 | 1.6 | 1.8 |
| Administration, depreciation and amortisation and other operating expenses | -7.1 | -7 | -7.8 | -8.4 | -9.3 |
| Profit before impairment, sales of assets and taxes | 3.0 | 4.9 | 5.7 | 4.3 | 6.0 |
| Impairment and sales of assets | 7.4 | -3.3 | -3 | -1.9 | -0.8 |
| Taxes | -1.2 | -0.4 | 0 | 0 | -0.1 |
| Net profit | 9.2 | 1.2 | 2.7 | 2.4 | 5.1 |
| Balance sheet, EUR million | 2011 | 2012 | 2013 | 2014 | 2015 |
| Assets | |||||
| Tangible and intangible assets | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
| Investments | 252.3 | 274.1 | 250.0 | 293.6 | 329.6 |
| Current assets | 25.5 | 38.2 | 60.5 | 23.4 | 47.3 |
| 277.9 | 312.4 | 310.6 | 317.2 | 377.1 | |
| Liabilities | |||||
| Equity | 186.3 | 202.6 | 215.3 | 235.7 | 250.8 |
| Liabilities | 91.6 | 109.8 | 95.3 | 81.5 | 126.3 |
| 277.9 | 312.4 | 310.6 | 317.2 | 377.1 | |
| Financial indicators | 2011 | 2012 | 2013 | 2014 | 2015 |
| Equity ratio, % | 67 | 65 | 69 | 74 | 67 |
| Return on equity p.a., % | 4.9 | 0.6 | 1.3 | 1.1 | 2.1 |
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