1. Annual report 2014
  2. Board of Directors' Report
  3. Financial statements
  4. Notes to the Financial Statements
  5. Notes 17–18
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • 17 Shareholders' equity (1 000 €)
    Group Parent company
    2014 2013 2014 2013
    Restricted equity
    Share capital 1.1. 370,013 370,013 370,013 370,013
    Share capital 31.12. 370,013 370,013 370,013 370,013
    Statutory reserve 1.1. 525,808 525,808 525,754 525,754
    Statutory reserve 31.12. 525,808 525,808 525,754 525,754
    Restricted equity, total 895,822 895,822 895,767 895,767
    Non-restricted equity
    Retained earnings 1.1. 593,412 528,786 270,468 260,515
    Dividends paid -30,000 0 -30,000 0
    Net of last year correction and depreciation difference 0 -746 0 -746
    Translation difference 72 62 0 0
    Retained earnings 31.12. 563,484 528,102 240,469 259,769
    Net profit of the year 67,576 65,310 26,482 10,699
    Non-restricted equity, total 631,060 593,412 266,950 270,468
    Shareholders' equity, total 1,526,882 1,489,234 1,162,717 1,166,235
    Calculation of distributable funds (1000 €)
    Parrent company
    2014 2013
    Retained earnings 240,469 259,769
    Net profit for the year 26,482 10,699
    Total 266,950 270,468
    18 Provisions (1 000 €)
    Group Parent companyt
    2014 2013 2014 2013
    Statutory provisions 7,943 8,540 1,305 1,037
    Statutory provisions M€ 7.9 (M€ 8.5) include expected warranty costs on long-term construction projects M€ 0.9 (M€ 0.6), provisions for losses on orders/contracts M€ 5.7 (M€ 6.9), provisions for environmental obligations M€ 1.3 (M€ 1.0) and provisions for costs in connection with changes and reorganisations in the Group M€ 0.0 (M€ 0.0).
    Parent company statutory provisions include provisions for environmental obligations M€ 1.3 (M€ 1.0) and provisions for costs in connection with changes and reorganisations in the group M€ 0.0 (M€ 0.0).
    Group Parent company
    2014 2013 2014 2013
    Effects of optional provisions and depreciation differences on the balance sheet
    Optional provisions 0 0 0 0
    Depreciation differences 400,982 349,547 393,789 343,110
    Total 400,982 349,547 393,789 343,110
    Transferred to equity 320,768 279,667
    Deferred tax liability 80,196 69,909
    Minority interest 17 -29
    Total 400,982 349,547
    Deferred tax receivables and liabilities
    Deferred tax receivables
    From temporary difference 2,761 2,253 67 67
    Deferred tax liabilities
    From depreciation differences 80,291 70,037 0 0
    Effects of optional provisions and depreciation differences on the income statement
    Change in optional provisions 0 0 0 0
    Change in depreciation differences 51,435 60,304 50,679 60,582
    Total 51,435 60,304 50,679 60,582
    Change affecting net profit 41,101 48,265
    Change affecting deferred tax 10,287 12,061
    Change affecting minority interest 46 -21
    Total 51,433 60,304