Statement of changes in equity
(EUR 1,000) 1.1. Cancelled amount of subordinated loan received from the owner Income for the period
1
Change in the fair value of AFS investments
1
Re-determination of defined benefit pensions
1
The redemption of non-controlling interests’ shares Transfer to reserves Adjustments
2
31.12.
Finnvera Group                
Finnvera Group's equity 2017                  
Equity attributable to the parent company's shareholders                  
Share capital 196,605               196,605
Share premium reserve 51,036               51,036
Fair value reserve 3,488     1,046         4,534
Reserve for domestic operations 154,550           59,184   213,734
Reserve for export credit guarantees and special guarantees 668,440           19,241   687,681
Reserve for venture capital investment operations 15,252             15,252
Retained earnings 117,084   106,593   151   -78,425   145,403
Total 1,206,455   106,593 1,046 151   0   1,314,245
Share of equity held by non-controlling interest3 906         -906     0
Total equity 1,207,362 0 106,593 1,046 151 -906 0 0 1,314,245
                   
Finnvera Group's equity 2016                  
Equity attributable to the parent company's shareholders                  
Share capital 196,605               196,605
Share premium reserve 51,036               51,036
Fair value reserve -2,202     5,690         3,488
Reserve for domestic operations 135,879           18,671   154,550
Reserve for export credit guarantees and special guarantees 536,064           132,375   668,440
Reserve for venture capital investment operations 16,569           -1,317   15,252
Retained earnings 182,896 13,911 70,253   -144   -151,045 1,214 117,084
Total 1,116,848 13,911 70,253 5,690 -144   -1,317 1,214 1,206,456
Share of equity held by non-controlling interest 4,227         -3,321     906
Total equity 1,121,075 13,911 70,253 5,690 -144 -3,321 -1,317 1,214 1,207,362
             
Finnvera plc                
Finnvera plc's equity 2017                  
Share capital 196,605               196,605
Share premium reserve 51,036               51,036
Fair value reserve 3,323     1,019         4,342
Reserve for domestic operations 154,550           59,184   213,734
Reserve for export credit guarantees and special guarantees 668,440           19,241   687,681
Reserve for venture capital investment operations 15,252           0   15,252
Retained earnings 78,929 0 98,260   151   -78,425   98,915
Total equity 1,168,135 0 98,260 1,019 151   0 0 1,267,565
                   
Finnvera plc's equity 2016                  
Share capital 196,605               196,605
Share premium reserve 51,036               51,036
Fair value reserve -2,304     5,628         3,323
Reserve for domestic operations 135,880           18,671   154,550
Reserve for export credit guarantees and special guarantees 536,064         132,375   668,440
Reserve for venture capital investment operations 16,570           -1,317   15,252
Retained earnings 151,550 13,911 64,659   -144   -151,046   78,928
Total equity 1,085,400 13,911 64,659 5,628 -144   -1,317 0 1,168,135
                   
1The item is included in the comprehensive income for the period, which is EUR 107,789,000 for the Group (EUR 75,760,000) and EUR 99,429,000 (EUR 70,142,000) for the parent company.
2Another change in equity: the financial statements for 2016 includes an adjustment to the Group’s equity amounting to EUR 1,214,000.
3The Group did not have any non-controlling interests on 31 December 2017.
4 The Group’s profit/loss for the year 2016 shows profit to the parent company’s owners, of which non-controlling interest amounts to EUR 39,000.