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. 2015		1,083	1,775	2,858
		Increases	0	165	165
	Acquisition cost 31 Dec. 2015		1,083	1,940	3,023
	Accumulated depreciations 1 Jan. 2015		-1,025	-1,653	-2,678
		Depreciation of the accounting period	-29	-102	-131
	Accumulated depreciations 31 Dec. 2015		-1,054	-1,755	-2,809
	Book value 31 Dec. 2015		29	185	214
	Book value 31 Dec. 2014		58	122	180
10	Investments / Shares and funds		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2015		59,615	117,815	177,430
		Increases	6,089	30,291	36,380
		Transfer between items	1,357	-200	1,157
		Decreases	-10,272	-10,347	-20,619
	Acquisition cost 31 Dec. 2015		56,789	137,559	194,348
	Individual write-offs accumulated as of 1 Jan. 2015		-3,703	-9,369	-13,072
		Reversal of write-offs	1,604	2,085	3,689
		Write-offs during the financial year	-5,805	-459	-6,264
	Individual write-offs accumulated as of 31 Dec. 2015		-7,904	-7,743	-15,647
	Book value 31 Dec. 2015		48,885	129,816	178,701
10	Investments / Loans		Participating interests	Others	Total
	Acquisition cost 1 Jan. 2015		17,024	133,283	150,307
		Increases	2,405	46,897	49,302
		Transfer between items	-1,000	-157	-1,157
		Decreases	-1,017	-21,160	-22,177
	Acquisition cost 31 Dec. 2015		17,412	158,863	176,275
	Individual write-offs accumulated as of 1 Jan. 2015		-2,211	-18,860	-21,071
		Reversal of write-offs	39	1,459	1,498
		Write-offs during the financial year	0	-5,808	-5,808
	Individual write-offs accumulated as of 31 Dec. 2015		-2,172	-23,209	-25,381
	Book value 31 Dec. 2015		15,240	135,654	150,894
				2015	2014
11	Subordinated receivables
	Capital loans to participating interests			15,240	13,412
	Capital loans to others			30,629	32,405
				45,869	45,817
12	Receivables from participating interests
	Interests			18	43
	Other			51	459
				69	502
13	Prepayments and accrued income
	Interests			1,349	1,298
	Other			1,573	1,064
				2,922	2,362
14	Marketable securities
	Repurchase price			5,580	12,540
	Book value			5,393	12,381
	Difference			187	159

	Derivatives			Fair value	Changes in fair value recognized in P&L
	Interest rate swaps, maturity less than 5 years			23	23
		Fair value and changes in the fair value recognized in P&L 2014		0	0
	Cross currency swaps, maturity less than 5 years			4532	115
		Fair value and changes in the fair value recognized in P&L 2014		2082	132
	Foreign exchange forward agreements, maturity less than 1 year			34	28
		Fair value and changes in the fair value recognized in P&L 2014		411	-114
	Total 2015			4589	166
	Total 2014			2493	18

				2015	2014
15	Shareholders' equity
	The purpose of the company is not to generate a profit for the shareholders. The company does not pay dividends or distribute its unrestricted equity fund nor does it redeem its own shares.
	Restricted equity
	Share capital 1 Jan.			156,989	138,964
	Increase of share capital			10,000	18,025
	Share capital as of 31 Dec.			166,989	156,989
	Unrestrected equity
	Retained earnings 31 Dec.			78,726	76,317
	Profit/loss for the financial year			5,057	2,408
				83,783	78,725
				250,772	235,714
16	Share capital
	Number of shares			982,289	923,466
	Nominal value, EUR			170.00	170.00
17	Long-term loans
	Private placements			50,000	50,000
	Loans from credit institutions			56,336	21,964
	Other long-term liabilities			151	107
				106,487	72,071
18	Loans with maturity more than 5 years
	Loans from financial institutions			36,741	21,964
19	Private placements
	Private placement 2013/2018			50,000	50,000
20	Other short-term debt
	Loans from financial institutions			11,893	4,736
	Derivatives			4,589	2,493
	Accounts payable			854	354
	Other			228	181
				17,564	7,764
21	Accruals and prepaid income
	Wages including social expenses			1,708	1,350
	Interest			375	174
	Taxes			152	54
	Other			19	50
				2,254	1,628

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

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