G Shares and holdings - Finnvera Annual Report 2015

G Shares and holdings

G1 Shares and holdings in Group companies

					Finnvera plc
					31 Dec 2016			31 Dec 2015
Name and domicile of the company		Sector			Holding of all shares, %	Share of votes, %	Book value EUR 1,000	Holding of all shares, %	Share of votes, %	Book value EUR 1,000
Subsidiaries (holding over 50%)
Seed Fund Vera Ltd, Kuopio *)		Development and investment company						94.59 %	94.59 %	81,000
ERDF-Seed Fund Ltd, Kuopio *)		Development and investment company			94.59 %	94.59 %	14,653			14,653
Suomen Vientiluotto Oy, Helsinki		Export financing and interest equalisation			100.00 %	100.00 %	20,182	100.00 %	100.00 %	20,182
Veraventure Ltd, Kuopio		Development and investment company			100.00 %	100.00 %	48,634	100.00 %	100.00 %	48,634

*) ERDF-Seed Fund Ltd was split off from Seed Fund Vera Ltd. Following the sale of shares, Finnvera's holding in Seed Fund Vera Ltd shrunk to 19.99%, and the company is no longer included in the Group companies.


G2 Subsidiaries' shares and holdings (holding over 20%)

					Finnvera plc
Name and domicile of the company		Sector				Year	Holding of all shares, %	Share of votes, %	Equity EUR 1,000	Profit for the year EUR 1,000
Veraventure Oy
Saimaa Capital Oy		Venture capital investments				2016 2015	31,60% 36,63%	31,60% 36,63%	15,315	707
Uudenmaan Pääomarahasto Oy		Venture capital investments				2016 2015	41,13% 41,13%	41,13% 41,13%	12,583	27
Wedeco Oy Ab		Venture capital investments				2016 2015	39,80% 39,80%	39,80% 39,80%	13,511	300

ERDF-Seed Fund Ltd
Airmodus Oy	Helsinki	Other scientific research and development				2016	20,13 %	20,13 %
Aranda Pharma Oy	Kuopio	Medical research and development				2016	40,00 %	40,00 %
Bone Index Finland Oy	Kuopio	Medical research and development				2016	34,91 %	34,91 %
GlowWay Oy Ltd	Pieksämäki	Manufacture of electric lighting equipment				2016	24,32 %	24,32 %
Hapella Oy	Kiuruvesi	Wholesaling of machines used in industry				2016	21,69 %	21,69 %
Injeq Oy	Tampere	Manufacture of radiation equipment and electronic medical and therapy equipment				2016	25,23 %	25,23 %
Netled Oy	Honkajoki	Electrotechnical design				2016	23,94 %	23,94 %
Norsepower Oy Ltd	Rauma	Building of ships and floating structures				2016	25,17 %	25,17 %
Proxion Solutions Oy	Varkaus	Design and manufacture of software				2016	30,89 %	30,89 %
Savroc Oy	Kuopio	Manufacture of products not listed elsewhere				2016	20,02 %	20,02 %
Silvergreen Oy Ltd	Tampere	Manufacture of chemical products not listed elsewhere				2016	26,61 %	26,61 %
Traplight Oy	Ylöjärvi	Design and manufacture of software				2016	22,60 %	23,43 %


G3 Related party transactions, loans and receivables

Related parties include the following: the parent company, its subsidiaries and associated companies; the Ministry of Economic Affairs and Employment; the Ministry of Finance; and companies outside the Finnvera Group where the State holds the majority of shares and where the Ministry of Economic Affairs and Employment exercises ownership steering. Related parties also include the members of the Supervisory Board and the Board of Directors, the Chief Executive Officer, the Deputy CEO and other members of the Management Group. The employment benefits received by key management personnel are presented in the Note F3.
								Finnvera Group
(EUR 1,000)								31 Dec 2016		31 Dec 2015
Related party transactions, loans and receivables
Services purchased								5,488		5,451
Interest subsidies, compensation for losses and other items from the State								29,675		84,681
Interest income								21,703		16,332
Interest expenses								59,985		57,297
Cancellations of subordinated loans								23,063		3,050

(EUR 1,000)								31 Dec 2016		31 Dec 2015
Related party transactions, loans and receivables
Loans								2,500,398		1,641,451
Receivables								102,767		72,872
Long-term liabilities								2,297,067		2,615,590
Short-term liabilities								102,767		72,872
Guarantees								3,726,849		4,664,348


G4 Separate result of activities referred to in the Act on the State Guarantee Fund §4, and its share of the total result of Finnvera plc

			Finnvera plc's profit		Activities referred to in the Fund Act and their share of the profit		Finnvera plc's profit		Activities referred to in the Fund Act and their share of the profit
(EUR 1,000)			31 Dec 2016		31 Dec 2016		31 Dec 2015		31 Dec 2015
Interest income			55,702		493		56,175		409
Interest expenses			-13,277	42,425	638	1,131	-7,798	48,377	786	1,194
Fee and commission income			164,438		120,484		157,107		116,277
Fee and commission expenses			-21,737	142,701	-20,989	99,495	-16,502	140,606	-15,411	100,866
Gains and losses from financial instruments carried at fair value through profit or loss				1,723		-506		-2,281		393
Net income from investments				20		0		24		0
Other operating income				12,617		291		2,850		286
Administrative expenses
- Wages and salaries			-28,853		-7,500		-29,158		-7,194
- Other administrative expenses			-13,555	-42,408	-4,691	-12,191	-13,025	-42,183	-4,028	-11,222
Depreciation and amortization from intangible assets, property, plant and equipment				-2,326		-585		-1,012		-354
Other operating expenses				-22,356		-977		-13,075		-1,362
Net impairment loss on financial assets
- Loans and guarantees			-26,662		0		-85,459		0
- Credit loss compensation from the state			28,272		0		82,566		0
- Export credit guarantees and special guarantees			-67,416	-65,805	-67,416	-67,416	-10,398	-13,291	-10,398	-10,398
Impairment losses on other financial assets				-1,932		0		-25,000		0
Operating profit				64,659		19,241		95,014		79,403

Your name
Your email

Email title
Message	Kirjoita viesti...

Friends emails
	Add friend

Tell a friend

Cookie notice