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
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
Other supplementary information
EUR 1000
| Other contingent liabilities | ||||||
| The company has entered into two long-term lease agreements of its office. The term of the agreement A began on 1 January 2014 as a fixed-term tenancy for the first three years until 31 December 2016 after which it will continue as a periodic lease with a 12 months' notice. The agreement B will begin on 1 January 2016 as a fixed-term tenancy for 3 + 2 + 2 years to be terminated on 31 December 2018, 31 December 2020 or 31 December 2022 after which it will continue as a periodic lease with a 12 months' notice. Rental payments will start on 1 March 2016. | ||||||
| 2015 | 2014 | |||||
| Payable in the next financial period | 441 | 382 | ||||
| Payable later | 815 | 282 | ||||
| Other commitments | ||||||
| The company acts as a lender in financial arrangements amounting to USD 24.9 million. For USD 23.4 million the risks have been contractually transferred to other financial institutions. | ||||||
| Undisbursed commitments | ||||||
| Contractual commitments | 131,500 | 140,800 | ||||
| Special risk finance (cumulative) | ||||||
| Decisions of the Board of Directors | 111,060 | 52,812 | ||||
| Government's indemnity | 50,000 | 26,480 | ||||
| Government's indemnity, % | 45% | 50% | ||||
| Disbursements | 26,147 | 18,614 | ||||
| Receivables, liabilities and transactions with related parties | ||||||
| There has been no related party transactions which come under the disclosure obligation during the financial year. | ||||||
| Off-balance sheet assets | ||||||
| As of 31 December 2015 there were EUR 725,941.70 of government's funds in the company's possession. The company manages government's funds according to the agreement with the Ministry for Foreign Affairs of the implementation of the Finnpartnership business partnership programme. | ||||||
| Exchange rate | ||||||
| 31 December 2015 | EUR/USD | 1.0887 | ||||
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