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. 2013		983	1,578	2,561
		Increases	101	59	160
	Acquisition cost 31 Dec. 2013		1,084	1,637	2,721
	Accumulated depreciations 1 Jan. 2013		-954	-1,515	-2,469
		Depreciation of the accounting period	-38	-56	-94
	Accumulated depreciations 31 Dec. 2013		-992	-1,571	-2,563
	Book value 31 Dec. 2013		92	66	158
	Book value 31 Dec. 2012		29	64	93
10	Investments / Shares and funds		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2013		58,211	88,142	146,353
		Increases	1,153	13,704	14,857
		Decreases	-3,451	-8,602	-12,053
	Acquisition cost 31 Dec. 2013		55,913	93,244	149,157
	Individual write-offs accumulated as of 1 Jan. 2013		-5,913	-8,013	-13,926
		Reversal of write-offs	3,949	2,057	6,006
		Write-offs during the financial year	-1,341	-4,524	-5,865
	Individual write-offs accumulated as of 31 Dec. 2013		-3,305	-10,480	-13,785
	Book value 31 Dec. 2013		52,608	82,764	135,372
10	Investments / Loans		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2013		15,477	148,737	164,214
		Increases	2,768	17,304	20,072
		Decreases	-5,818	-44,959	-50,777
	Acquisition cost 31 Dec. 2013		12,427	121,082	133,509
	Individual write-offs accumulated as of 1 Jan. 2013		-5,208	-17,310	-22,518
		Reversal of write-offs	3,396	3,368	6,764
		Write-offs during the financial year	-187	-3,030	-3,217
	Individual write-offs accumulated as of 31 Dec. 2013		-1,999	-16,972	-18,971
	Book value 31 Dec. 2013		10,428	104,110	114,538
				2013	2012
11	Subordinated receivables
	Capital loans to participating interests			7,266	5,147
	Capital loans to others			32,104	29,133
				39,370	34,280
12	Receivables from participating interests
	Interests			106	81
	Other			208	322
				314	403
13	Other receivables
	Cross currency swaps
	Nominal value EUR 12.176.560,12 / 10.9.2018
	Fair value			491	0
	Currency forwards
	Nominal value EUR 7.656.282,76 / 16.1.2014
	Fair value			8	0
				499	0
14	Prepayments and accrued income
	Interests			2,000	1,370
	Other			988	1,158
				2,988	2,528
15	Marketable securities
	Repurchase price			53,461	31,622
	Book value			53,290	31,169
	Difference			171	453
16	Shareholders' equity
	Share capital 1 Jan.			128,950	113,935
	Increase of share capital			10,014	10,015
	Share issue			0	5,000
	Share capital as of 31 Dec.			138,964	128,950
	Retained earnings 31 Dec.			73,615	72,375
	Profit/loss for the financial year			2,702	1,240
				215,281	202,565
17	Share capital
	Number of shares			817,434	729,116
	Nominal value, EUR			170.00	170.00
18	Long-term loans
	Private placements			50,000	7,579
	Loans from credit institutions			23,506	37,389
	Other long-term liabilities			62	19
				73,568	44,987
18	Loans with maturity more than 5 years
	Loans from credit institutions			27,071	30,317
	Other long-term liabilities			0	19
				27,071	30,336
19	Private placements
	Private placement 2013/2018			50,000	0
	Private placement 2011/2014			3,626	3,790
	Private placement 2011/2014			3,625	3,789
				57,251	7,579
19	Accruals and prepaid income
	Wages including social expenses			1,251	1,159
	Interest			126	202
	Other			195	45
				1,572	1,406

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

Notes to the balance sheet

Content

Annual reports

Tools