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Key figures

At the end of 2017, Finnfund’s investments and commitments in 171 projects in 39 countries, totaling 719 million euros.

Besides its financial numbers, Finnfund monitors and reports the development and climate impact of its investments.

New investment decisions worth

201

million euros (2017)

Portfolio

495

million euros (30 June 2018)

In target countries

30,000

people employed directly – 10,000 of which women (in 2016)

Financial key figures 2015 – 2017

2015 2016 2017
Number of project countries 33 34 39
Number of investments 160 167 171
Portfolio, EUR million 329 356 393
Disbursements, EUR million 77 81 114
Financing commitments, EUR million 84 152 201
Undisbursed investment decisions and commitments, EUR million 235 255 276
Shareholders’ capital, EUR million 251 233 244
Total assets/liabilities, EUR million 377 406 464
Number of personnel on average 56 60 71
EUR million 2015 2016 2017
Financial income 16.2 19.2 24.6
Financial expenses -2.7 -5.1 -8.6
Net financial income 13.5 14.1 16.0
Other operating income 1.8 1.6 1.5
Administration, depreciation and amortisation and other operating expenses -9.3 -10.6 -11.8
Profit before impairment, sales of assets and taxes 6.0 5.1 5.7
Impairment and sales of assets -0.8 -4.8 -3.1
Taxes -0.1 0 -0.6
Net profit 5.1 0.3 2.0
Balance sheet, EUR million 2015 2016 2017
Assets
Tangible and intangible assets 0.2 0.2 0.1
Investments 329.6 356.3 393.3
Current assets 47.3 49.5 70.3
377.1 406.0 463.7
Liabilities
Equity 250.8 232.9 244.1
Liabilities 126.3 173.1 219.6
377.1 406.0 463.7
Financial indicators 2015 2016 2017
Equity ratio, % 67 57 53
Return on shareholders’ equity p.a., % 2.1 0.1 0.8

Development effects

The number of reporting companies varies annually and by industry, therefore the years are not completely comparable. In 2016, data was obtained from 92 companies (89 in 2015). Data for 2017 will be published in autumn 2018. More information about development effects here.

Direct investments

Funds Financial institutions Total 2016 Total 2015
Direct jobs 14,607 479 14,866 29,952 25,603
Direct jobs for women 4,137 185 5,177 9,499 9,137
Indirect jobs 9,085 73,829 1,109,242 1,192,156 105,483
Indirect jobs for women 1,530 23,076 5,544 30,150 24,388
Taxes and tax-like payments, EUR million 59 220 55 334 285
Local purchases, EUR million  1) 4,164 4,164 300
Number of supported farmers 2) 38,046 38,046 15,812
Produced energy, GWh 3) 720 5,899 6,619 3,124
Number of housing loans  4) 89 57,634 57,723 8,446
Value of housing loans, EUR million  4) 386 386 397
Number of microloans  5) 1,414,694 263,041 1,677,735 3,339,060
Value of microloans, EUR million   5) 1,570 251 1,821 755
Number of SME loans  6) 5,154 452,139 457,293 236,219
Value of SME loans, EUR million  6) 111 2,182 2,293 1,547
Share of Finnfund’s funding reported as official Finnish climate funding, EUR   7) 7,600,000 14,000,000

 

In 2016 the data was obtained from 92 companies in total (a total of 89 companies in 2015). Some of the indicators are sector-specific, the number of respondents to them differs from the total number of respondents as follows:
1) 31, 2) 25, 3) 18, 4-6) 12

7) Finland’s official climate funding can only include the funding considered development cooperation, i.e. equity financing, which means it does not include loans, for example.