EUR 1000
2017 | 2016 | |||||
1 | Other operating income | |||||
Operating income from participating interests | 54 | 38 | ||||
Remunerations | 759 | 771 | ||||
Other operating income | 724 | 791 | ||||
1,538 | 1,600 | |||||
2 | Average number of staff employed | |||||
Employees | 71 | 60 | ||||
3 | Wages and salaries | |||||
Managing Director and his alternate | 365 | 357 | ||||
The Board of Directors and the Supervisory Board | 130 | 121 | ||||
The Board of Directors | ||||||
Chair's monthly emoluments | 1,100 € | |||||
Vice chair's monthly emoluments | 700 € | |||||
Board members' monthly emoluments | 600 € | |||||
Emolument per meeting of Board of Directors and Audit Committee | 300 € | |||||
Supervisory Board | ||||||
Chair’s emolument per meeting | 800 € | |||||
Vice chair’s emolument per meeting | 600 € | |||||
Board member's emolument per meeting | 500 € | |||||
Managing Director has the right to retire at the age of 63. Retirement age is based on the contract renewed in 2012. | ||||||
4 | Depreciation | |||||
Other capitalised long-term expenses | 19 | 47 | ||||
Machinery and equipment | 102 | 141 | ||||
121 | 188 | |||||
5 | Other operating charges | |||||
Voluntary staff expenses | 546 | 498 | ||||
Office | 440 | 724 | ||||
ICT | 584 | 446 | ||||
Travel and negotiation expenses | 927 | 851 | ||||
Entertainment and PR expenses | 158 | 107 | ||||
External services | 1,040 | 1,398 | ||||
Other expenses | 444 | 381 | ||||
4,138 | 4,405 | |||||
6 | Auditor's remunerations | |||||
Audit fee | 9 | 9 | ||||
Tax services | 6 | 6 | ||||
Other services | 73 | 1 | ||||
88 | 16 | |||||
7 | Financial income and expenses | |||||
Financial income | ||||||
Income from participating interests | ||||||
Dividends | 5,854 | 192 | ||||
Profit from sales of assets | 6,653 | 0 | ||||
From others | 475 | 105 | ||||
Income from participating interests | 12,981 | 297 | ||||
Income from other investments | ||||||
Dividends | 329 | 450 | ||||
From funds | 2,385 | 6,671 | ||||
Profits from investments and sales assets | 5,198 | 0 | ||||
Income from other investments | 7,912 | 7,121 | ||||
Other interest and financial income | ||||||
Interest income | 13,104 | 9,372 | ||||
Interest income from participating interests | 330 | 816 | ||||
Financial income | 2,088 | 1,238 | ||||
Financial income from participating interests | 14 | 18 | ||||
Exchange rate gain | 30,960 | 11,017 | ||||
Other interest and financial income | 46,496 | 22,461 | ||||
Financial income total | 67,390 | 29,879 | ||||
Permanent write-offs of investments and their reversals | ||||||
Equity and funds | -7,602 | -7,976 | ||||
Loans | -7,144 | -3,452 | ||||
Reversal of write-offs on shares and fund investments | 3,531 | 3,460 | ||||
Reversal of write-offs on loans | 1,976 | 8,940 | ||||
Write-offs of investments and their reversals | -9,239 | 972 | ||||
Interest and other financial expenses | ||||||
Interest expenses to others | -1,568 | -1,286 | ||||
Other financial expenses | -5,985 | -3,860 | ||||
Loss from investments, funds and sales of assets | -5,758 | -5,796 | ||||
Exchange rate loss | -31,974 | -10,573 | ||||
Interest and other financial expenses total | -45,286 | -21,515 | ||||
Financial income and expenses total | 12,865 | 9,336 | ||||
The item Financing income and expenses includes loss of exchange (net) | -1,015 | 444 | ||||
7 | Income from financing operations by income level (does not include income from EU territory, liquidity and funding) | |||||
Least developed countries (LDC) | 17,828 | 9,913 | ||||
Other low-income countries (LIC) | 3,611 | 2,449 | ||||
Lower-middle-income countries (LMIC) | 32,090 | 9,557 | ||||
Upper-middle-income countries (UMIC) | 12,396 | 6,373 | ||||
Russia | 283 | 462 | ||||
66,208 | 28,754 | |||||
8 | Income taxes | |||||
Tax on capital gains outside Finland | 570 | 9 | ||||
Withholding taxes on emoluments | 2 | 3 | ||||
Withholding taxes on dividends | 0 | 6 | ||||
572 | 18 | |||||
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