| Parent company's cash flow statement | |||
| 1 Jan-31 Dec 2014 | 1 Jan-31 Dec 2013 | ||
| Cash flow from operations: | |||
| Payments received from other operating income | 482,295 | 409,438 | |
| Payments made for operating expenses | -6,409,006 | -6,082,084 | |
| Cash flow from operations before financial items and taxes | -5,926,711 | -5,672,646 | |
| Direct taxes paid | |||
| Cash flow from operations (A) | -5,926,711 | -5,672,646 | |
| Cash flow from investments: | |||
| Direct investments paid | -20,199,245 | -27,378,942 | |
| Repayments of direct investments and sales proceeds | 6,025,918 | 7,418,288 | |
| Investments in subsidiaries | -20,095,798 | -9,823,397 | |
| Repayments of investments in subsidiaries | 2,191,172 | 516,347 | |
| Capital calls paid to funds | -61,584,377 | -43,926,637 | |
| Repayments of principal and profit shares from funds | 58,323,952 | 54,405,725 | |
| Interest received from investments | 840,328 | 1,485,151 | |
| Dividends received from investments | 857,861 | 622,748 | |
| Investments in tangible and intangible assets | -68,983 | -20,911 | |
| Cash flow from investments (B) | -33,709,173 | -16,701,627 | |
| Cash flow from financing activities: | |||
| Proceeds from issuance of share capital | 80,000,000 | ||
| Group contributions paid and received | 15,137 | 15,451 | |
| Payments and sales proceeds from liquid securities | -39,713,249 | 21,940,415 | |
| Cash flow from financing activities (C) | 40,301,888 | 21,955,866 | |
| Change in cash and cash equivalents (A+B+C) increase (+)/decrease (-) | 666,004 | -418,407 | |
| Cash and cash equivalents at beginning of period | 1,360,705 | 1,779,112 | |
| Cash and cash equivalents at end of period | 2,026,709 | 1,360,705 | |
| Cash flow from investments includes cash flows from funds as well cash flows from direct investments. Investments in subsidiaries and repayments of investments in subsidiaries include the cash flows of SF I Ky and Tesi Industrial Management Oy. | |||
| Cash flows from liquid securities and from cash in hand and at banks are presented in cash flow from financing activities. | |||
