Annual Report 2016
Annual Report 2016
- Suomeksi
- In English
- Year 2016
- Corporate governance
- Responsibility
- Investments
- Investments
- List of investments
- Map of investments
- Investments in profitable and responsible private projects
- A channel for investing in the most difficult markets
- Banks and financial institutions
- Highlights of Finnfund's investments
- Highlights of Finnfund's investments
- Miro Forestry leads the way for Sustainable Plantation Forestry in West Africa
- Fuzu matches workers with jobs
- Financing to small and medium-sized companies in Cambodia
- EthioChicken improves food security in Ethiopia
- Solar brings electric light to Mary's family
- Textile importer focuses on quality
- Finnish company exports solar energy know-how to Egypt
- 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 2016
Key figures 2012 - 2016
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Number of project countries | 30 | 33 | 32 | 33 | 34 |
| Number of investments | 143 | 149 | 160 | 160 | 167 |
| Financing commitments, EUR million | 56 | 90 | 115 | 84 | 152 |
| Number of financing commitments | 18 | 20 | 25 | 21 | 22 |
| Disbursements, EUR million | 59 | 34 | 73 | 77 | 81 |
| Undisbursed investment decisions and commitments, EUR million | 146 | 178 | 221 | 235 | 255 |
| Portfolio, EUR million | 274 | 250 | 294 | 329 | 356 |
| Shareholders' capital, EUR million | 203 | 215 | 236 | 251 | 233 |
| Total assets/liabilities, EUR million | 312 | 311 | 317 | 377 | 406 |
| Number of personnel on average | 49 | 49 | 51 | 56 | 60 |
Five years in review
| Operational analysis, EUR million | 2012 | 2013 | 2014 | 2015 | 2016 |
| Financial income | 12.3 | 13.6 | 12.9 | 16.2 | 19.2 |
| Financial expenses | -1.6 | -1.6 | -1.8 | -2.7 | -5.1 |
| Net financial income | 10.7 | 12.0 | 11.1 | 13.5 | 14.1 |
| Other operating income | 1.2 | 1.5 | 1.6 | 1.8 | 1.6 |
| Administration, depreciation and amortisation and other operating expenses | -7 | -7.8 | -8.4 | -9.3 | -10.6 |
| Profit before impairment, sales of assets and taxes | 4.9 | 5.7 | 4.3 | 6.0 | 5.1 |
| Impairment and sales of assets | -3.3 | -3 | -1.9 | -0.8 | -4.8 |
| Taxes | -0.4 | 0 | 0 | -0.1 | 0 |
| Net profit | 1.2 | 2.7 | 2.4 | 5.1 | 0.3 |
| Balance sheet, EUR million | 2012 | 2013 | 2014 | 2015 | 2016 |
| Assets | |||||
| Tangible and intangible assets | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 |
| Investments | 274.1 | 250.0 | 293.6 | 329.6 | 356.3 |
| Current assets | 38.2 | 60.5 | 23.4 | 47.3 | 49.5 |
| 312.4 | 310.6 | 317.2 | 377.1 | 406.0 | |
| Liabilities | |||||
| Equity | 202.6 | 215.3 | 235.7 | 250.8 | 232.9 |
| Liabilities | 109.8 | 95.3 | 81.5 | 126.3 | 173.1 |
| 312.4 | 310.6 | 317.2 | 377.1 | 406.0 | |
| Financial indicators | 2012 | 2013 | 2014 | 2015 | 2016 |
| Equity ratio, % | 65 | 69 | 74 | 67 | 57 |
| Return on equity p.a., % | 0.6 | 1.3 | 1.1 | 2.1 | 0.1 |
Edit 14 June 2017: 2016 portfolio EUR 356 million (previously 355)
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