Special Report: the Future of Mobility in Helsinki

Total Page:16

File Type:pdf, Size:1020Kb

Special Report: the Future of Mobility in Helsinki Special report: The future of mobility in Helsinki Research by Automotive World Special report: The future of mobility in Helsinki Copyright statement Published in August 2018 by : © 2018 All content copyright Automotive World Ltd. All rights Automotive reserved. World est. 1992 This publication - in whole or in part - may not be shared, Automotive World copied, reproduced, stored in a retrieval system, or be 1-3 Washington Buildings transmitted in any form by any means electronic, mechanical, photocopying, recording or otherwise without the prior Stanwell Road, Penarth, permission of Automotive World Ltd. CF64 2AD, UK Disclaimer www.automotiveworld.com T: +44 (0) 2920 707 021 This report is the product of extensive primary and secondary [email protected] research. It is protected by copyright under the Copyright, Designs and Patents Act 1988. Registered number: 04242884 The authors of Automotive World Ltd research reports are VAT number: GB 815 220 173 drawn from a wide range of professional and academic disciplines. The facts within this report are believed to be correct at the time of publication but cannot be guaranteed. CEO & Managing Director: The information within this study has been reasonably verified to the author’s and publisher’s ability, but neither accept Gareth Davies responsibility for loss arising from decisions based on this report. Editor : This report contains forward-looking statements that reflect the Martin Kahl authors’ current views with respect to future events. Such statements are subject to risks and uncertainties. If any of the assumptions underlying any of these statements prove Report Author : incorrect, then actual results may be materially different from Celeste Dooley those expressed or implied by such statements. The authors do not intend or assume any obligation to update any forward- looking statement, which speaks only as of the date on which it Production: is made. Anmol Mothy All the estimates are based on assumptions, the authors’ calculations and publicly available data. Automotive World Ltd is © Automotive World Ltd 2018 not liable for misrepresentation or misuse of such information or validity of publicly available information. i Research by Automotive World Special report: The future of mobility in Helsinki Table of contents Executive summary 1 Start at the Finnish line: Helsinki’s top-notch transportation 2 Public transport still key to future mobility in Helsinki 5 Can Helsinki go car-free without an official ban? 7 Interview: Sampo Hietanen, Chief Executive, MaaS Global 9 Mobility success dependent on shift in public attitude 12 Ride-sharing could be the space-saving solution smart cities need 15 Helsinki experience underlines ease of selling MaaS, says mobility alliance 17 Autonomy is coming, but MaaS development carries on regardless 20 What can we learn from the demise of Helsinki’s Kutsuplus? 23 Why Finland’s capital has become a world leader in future mobility 26 Research by Automotive World ii Special report: The future of mobility in Helsinki Executive summary • Helsinki is a peninsular city, with a rapidly carbon neutrality by 2035. As a result, growing population. Space is at a premium, electrification is a major aspect of its but due to its size, travel times and distances transport and mobility strategies. Helsinki’s are manageable making it an ideal location regional transport authority is promoting for innovative mobility services electric buses, and a number of e-buses are already in operation • Finland has a history of innovation – the home nation of former cell phone giant Nokia • Going car-free is a way of life for many is now also the birthplace of Mobility as a Helsinki residents. Car density is relatively Service (‘MaaS’) provider, MaaS Global, a low compared to similarly-sized cities, and Helsinki company which claims to be ‘the bicycle use is high. Indeed, the Helsinki city world’s first ever mobility as a service bike scheme offers 1,500 bikes and 150 bike operator’ stations. Between five and 11 journeys are made per bike per day across the city • And Finland had a strong hand in the creation of the concept of MaaS; one of the • Car use has declined by five percentage founding members of the 50+ member points since 2010, accounting for 22% of all Brussels-based MaaS Alliance (not to be transport in 2017; walking has increased by confused with MaaS Global) was Finland’s four percentage points over the same period, Ministry of Transport to 34% of transport in 2017 • Helsinki residents have shown a willingness • Finland actively supports autonomous and enthusiasm to adopt innovative mobility vehicle (AV) testing, with a regulatory and solutions, and there is close collaboration legal environment that permits public road between academia and the public and private AV trials. This has resulted in the inclusion of sectors on developing and trialling autonomous shuttle buses within the appropriate MaaS concepts Helsinki public transport network • The city’s authorities not only demand • Helsinki’s ‘Vision 2025’ is designed to make cleaner, more efficient transportation, but public transport the number one choice for also support and assist its development; this travel, with the ultimate goal of making it was underlined by its involvement in more attractive than private car ownership Kutsuplus, the on-demand bus service that enjoyed popular and technological success, • As a result, transport planners around the even if it ultimately failed financially world look to Helsinki for inspiration and lessons on how to design and implement • Helsinki supports transport electrification; well-developed smart city mobility the city has a target to reduce CO2 emissions from 1990 to 2030 by 60%, and to achieve 1 Research by Automotive World Special report: The future of mobility in Helsinki Start at the Finnish line: Helsinki’s top-notch transportation Simon Dixon, Partner and Global Transport Lead at Deloitte MCS provides an overview of the Finnish capital’s innovative approach to smart city mobility elsinki is often cited as a poster child for Table 1: Mobility Analysis Scores Hwhat a sufficient, efficient transport system looks like. Previously known as just another T G O L MOBILITY ANALYSIS P O C P B charming European capital with respectable E O E A M A N R L E S T F L R P E O E G IR N R A public transport, it began to garner the world’s I I D M D N N E E E attention in 2015 when it piloted – and then G G R R R launched – the first commercial mobility-as-a- Cong est io n service (MaaS). But this belies a longer history Publi c tra nspo rt re li abili ty of innovative experiments in urban transport. Performance Tra nsport sa fet y and resilience In te grate d and share d mo bili ty Rated as a high performer among cities in Ai r qu ali ty the Deloitte City Mobility Index Vision and strate gy (https://www2.deloitte.com/insights/us/en/foc Inv estme nt us/future-of-mobility/deloitte-urban-mobility- Innov at io n Vision and index-for-cities.html) , Helsinki scores well Re gul at ory envi ron me nt leadership Envi ron me nta l susta in abili ty across almost every indicator from road safety ini tiat iv es to the regulatory environment to ease of use (see Table 1). Notably, public transport is Publi c tra nsit suppl y reliable and has excellent coverage throughout Tra nspo rt aff ordabili ty the city; the system offers multiple modes of Versat ili ty Service and Cu st omer sat isfact io n transport that are interconnected across the inclusion city; and cycling and walking are also popular, Access ibili ty accounting for nearly 30% of all journeys, even Source: Deloitte City Mobility Index in the long, cold winter. However, the steady increase of private The backdrop vehicles has led to Helsinki’s relatively high NOx emissions. The local government has a The capital and largest urban agglomeration goal to improve air quality by substantially in Finland, Helsinki is a compact city of reducing private car use in the city centre by 650,000 inhabitants in the core, and about 1.4 2050 through a combination of shared million in the wider metropolitan area. Since mobility, on-demand transport, and pedestrian- the 1960s, the population has doubled, friendly urban development. particularly in the outskirts. Research by Automotive World 2 Special report: The future of mobility in Helsinki The city is laid out in a hub-and-spoke model Even cycling takes a respectable 8% share – with a designated main centre, and a series of somewhat of a surprise in a place with such radial main roads and rail lines emanating out. frosty winters. Although cycling has been a Ring roads and rail routes connect the spokes. cause celebre in many major cities for a As the suburbs have grown, so have network number of years now, Helsinki has had a hubs in Espoon Keskus, Leppävaara, Pasila, strong culture going back decades – Tikkurila and Lentoasema (Airport). documents from the 1930s show there were more than 10,000 cyclists a day on its main Since the 1960s, the share of public transport has routes. It launched a public bike share in 2016 decreased, to just over 30% today, from over 65% and aims to reach a 15% modal share by 2020, in 1966. This has been caused by the increase in through the provision of more bike lanes and private car use, especially for shopping, social routes in the city. and recreational reasons. Like many places, car use increases the further out you go. Innovation is key Yet despite this, congestion remains manageable in Helsinki. Car density in the city, But what really sets Helsinki apart from other at 390 cars per 1000 people, is lower than cities cities is how innovative it is.
Recommended publications
  • Sneezy Summer Forecast
    ISSUE 21 (252) • 24 – 30 MAY 2012 • €3 • WWW.HELSINKITIMES.FI DOMESTIC Finnair to transfer FOUNDED IN ST. PETERSBURG 1860 flights to Flybe 0.85ct 4379€ JS060 DAVID J. CORD The unions representing the cab- HELSINKI TIMES in crews and pilots have expressed some opposition to the deal. In- FINNAIR has announced plans to vestors were more encouraging, transfer a large portion of its Eu- sending Finnair’s share price up by Secret gardens ropean fl ights to Flybe Nordic, the almost 4 per cent. You might be stuck in the city, joint venture formed with the UK’s Finnair has been struggling but greener pastures are just a Flybe regional airline. Investors with heavy losses. In the fi rst quar- short metro ride away! Soak up have cheered the move, but unions ter of the year, Finland’s nation- some summer rays wandering have expressed caution. al airline announced a 20.4 million around one of the allotment vil- Under the plan, 12 Embraer air- euro loss on 591.8 million euros in lages dotted about Helsinki. craft, 100 cabin personnel and 120 sales. They have a plan to decrease See page 5 pilots will be transferred to Flybe annual costs by 140 million euros, Nordic, which is 40 per cent owned which includes outsourcing a va- by Finnair and 60 per cent owned riety of services, selling their ca- BUSINESS by Flybe. The pilots would eventual- tering business and decreasing ly return to Finnair to cover the air- personnel costs. 0.54ct 3356€ 093 0.27ct 2061€ JS030 line’s growing Asian traffi c.
    [Show full text]
  • Bus Priority As a Competitive Factor.Pdf
    Simo Airaksinen, M.Sc. (Civ.Eng.), thesis pending, WSP Finland Ltd Virpi Kuukka-Ruotsalainen, M.Sc. (Civ.Eng.), WSP Finland Ltd Bus priority as a competitive factor Means of speeding up bus traffic have proved to be competitive factors in the Helsinki Metropolitan Area public transport. Measures to enhance speed are also financially profitable for transport providers. Traffic on the whole has increased considerably since The share of public transport in the modal split peaks the importation of passenger cars was deregulated in when public transport is faster than or nearly as fast as Finland in 1962. Since the 1960s, the number of pas- travel by passenger car. On short trips and in small senger cars and journeys made by car has quadrupled towns, walking or cycling is often an even faster way in the HMA (Sihto et al. 2003) while at the same time, of getting around than public transport. This is highly the area’s population has doubled and the number of positive from an environmental perspective despite re- jobs has risen by 80 percent. The rate of growth in ducing public transport. In terms of the competitive- passenger car traffic has outpaced that of population ness of urban regions, good, well-functioning public growth by a factor of eight; meanwhile, the number of transport allows denser development due to lower car journeys taken by public transport has grown at a rate density and lesser need for streets and roads. slower than the population. The share of public trans- The Ministry of Transport and Communications port in the modal split has fallen to a current figure Finland strives to improve the operational conditions of 39 percent.
    [Show full text]
  • RAILWAY NETWORK STATEMENT 2022 Updated 30 June 2021 Updated 30 June 2021
    Updated 30 June 2021 FTIA's publications 52eng/2020 RAILWAY NETWORK STATEMENT 2022 Updated 30 June 2021 Updated 30 June 2021 Railway Network Statement 2022 FTIA's publications 52eng/2020 Finnish Transport Infrastructure Agency Helsinki 2020 Updated 30 June 2021 Photo on the cover: FTIA's photo archive Online publication pdf (www.vayla.fi) ISSN 2490-0745 ISBN 978-952-317-813-7 Väylävirasto PL 33 00521 HELSINKI Puhelin 0295 34 3000 Updated 30 June 2021 FTIA’s publications 52/2020 3 Railway Network Statement 2022 Version history Date Version Change 14 May 2021 Version for comments - 30 June 2021 Updated version Foreword and text, appendices 2E, 2F, 2G, 2L, 2M, 5F, 5G, 5J Updated 30 June 2021 FTIA’s publications 52/2020 4 Railway Network Statement 2022 Foreword In compliance with the Rail Transport Act (1302/2018 (in Finnish)) and in its capacity as the manager of the state-owned railway network, the Finnish Transport Infrastructure Agency is publishing the Network Statement of Finland’s state-owned railway network (hereafter the ‘Network Statement’) for the timetable period 2022. The Network Statement describes the state-owned railway network, access conditions, the infrastructure capacity allocation process, the services supplied to railway undertakings and their pricing as well as the principles for determining the infrastructure charge. The Network Statement is published for each timetable period for applicants requesting infrastructure capacity. This Network Statement covers the timetable period 12 December 2021 – 10 December 2022. The Network Statement 2022 has been prepared on the basis of the previous Network Statement taking into account the feedback received from users and the Network Statements of other European Infrastructure Managers.
    [Show full text]
  • RAILWAY NETWORK STATEMENT 2021 Updated 18 June 2021
    Updated 18 June 2021 Publications of the FTIA 46eng/2019 RAILWAY NETWORK STATEMENT 2021 Updated 18 June 2021 Updated 18 June 2021 Railway Network Statement 2021 FTIA's publications 46eng/2019 Finnish Transport Infrastructure Agency Helsinki 2019 Updated 18 June 2021 Photo on the cover: FTIA's photo archive Online publication pdf (www.vayla.fi) ISSN 2490-0745 ISBN 978-952-317-744-4 Väylävirasto PL 33 00521 HELSINKI Puhelin 0295 34 3000 Updated 18 June 2021 FTIA’s publications 46/2019 3 Railway Network Statement 2021 Foreword In compliance with the Rail Transport Act (1302/2018 (in Finnish)) and in its capacity as the manager of the state-owned railway network, the Finnish Transport Infrastructure Agency is publishing the Network Statement of Finland’s state-owned railway network (hereafter the ‘Network Statement’) for the timetable period 2021. The Network Statement describes the state-owned railway network, access conditions, the infrastructure capacity allocation process, the services supplied to railway undertakings and their pricing as well as the principles for determining the infrastructure charge. The Network Statement is published for each timetable period for applicants requesting infrastructure capacity. This Network Statement covers the timetable period 13 December 2020 – 11 December 2021. The Network Statement 2021 has been prepared on the basis of the previous Network Statement taking into account the feedback received from users and the Network Statements of other European Infrastructure Managers. The Network Statement 2021 is published as a PDF publication. The Finnish Transport Infrastructure Agency updates the Network Statement as necessary and keeps capacity managers and known applicants for infrastructure capacity in the Finnish railway network up to date on the document.
    [Show full text]
  • Finnish Railway Network Statement 2020 Updated on 18 June 2020
    Updated on 18 June 2020 FTA’s Transport Infrastructure Data 3/2018 Finnish Railway Network Statement 2020 Updated on 18 June 2020 Updated on 18 June 2020 Finnish Railway Network Statement 2020 Transport Infrastructure Data of the Finnish Transport Agency 3/2018 Finnish Transport Agency Helsinki 2018 Updated on 18 June 2020 Photograph on the cover: Simo Toikkanen Online publication pdf (www.liikennevirasto.fi) ISSN-L 1798-8276 ISSN 1798-8284 ISBN 978-952-317-649-2 Finnish Transport Agency P.O. Box 33 FI-00521 Helsinki, Finland Tel. +358 (0)29 534 3000 Updated on 18 June 2020 FTA’s Transport Infrastructure Data 3/2018 3 Finnish Railway Network Statement 2020 Foreword In compliance with the Rail Transport Act (1302/2018), the Finnish Transport Infrastructure Agency (FTIA), as the manager of the state-owned railway network, publishes the Finnish Railway Network Statement (hereinafter the Network Statement) for the timetable period 2020. The Network Statement describes the access conditions, the state-owned railway network, the rail capacity allocation process, the services supplied to railway undertakings and their pricing as well as the principles for determining the infrastructure charge. The Network Statement is published for applicants requesting capacity for each timetable period. This Network Statement is intended for the timetable period 15 December 2019–12 December 2020. The Network Statement 2020 has been prepared based on the previous Network Statement taking into account the feedback received from users and the Network Statements of other European Infrastructure Managers. The Network Statement 2020 is published as a PDF publication. The Finnish Transport Infrastructure Agency will update the Network Statement and will provide information about it to rail capacity allocatees and the known applicants for rail capacity in the Finnish railway network.
    [Show full text]
  • Helsinki Urban Underground Spaces – New Guidelines for Visitors
    Helsinki Urban Underground Spaces New guidelines for visitors Due to the Covid-19 pandemic changes may occur. Please check the service provider´s website for the latest information. City of Helsinki Covid-19 information for visitors www.myhelsinki.f/en/coronavirus-covid-19-information-for-visitors Contents Foreword 4 Underground master planning is a signifcant part of land-use planning in Helsinki 5 Underground spaces open to the public 7 Amos Rex 9 Temppeliaukio Church 10 Musiikkitalo – the Helsinki Music Centre 11 The Olympic Stadium 12 Metro stations 13 Underground walking and shopping routes 14 Underground parking 18 Sport facilities 19 The Ring Rail Line, Airport railway station & Aviapolis 20 Itäkeskus swimming hall and emergency shelter 21 Underground spaces where authorisation is required 22 The city centre service tunnel 23 The Viikinmäki wastewater treatment plant 25 Hartwall Arena training hall and restaurant 26 Development of the urban structure and constructions for public transport 27 Underground spaces not open for visits 28 Technical tunnels 29 Suomenlinna island emergency and service tunnel 29 Esplanadi artifcial lake and Mustikkamaa heat caverns 30 The future 31 Garden Helsinki 32 The FinEst Railway tunnel 33 Länsimetro, West Metro extension, phase 2 34 The New National 35 The Kaisa Tunnel 36 Underground Helsinki is based on coordination 37 Application to visit underground spaces in Helsinki 38 Cover photo: Amos Rex Art Museum (Tuomas Uusheimo) Layout: Valve Branding Oy Foreword Helsinki’s underground spaces have been of increasing international interest. Requests for visits come almost daily to the author of this brochure alone. At the same time, safety regulations for underground facilities – especially for technical tunnels – have tightened considerably from previous years.
    [Show full text]
  • D8.1 Helsinki/Espoo: Demo Description and Implementation Plan
    D8.1 Helsinki/Espoo: Demo Description and Implementation Plan Version 1.0 Date of issue 30.11.2016 Nature of Deliverable External Dissemination Level Public Status Final Issued by Project Director Juhani Laurikko Michele Tozzi VTT UITP This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement N° 636300. Coordinator: UITP – International Association of Public Transport Deliverable 8.1 Page 1 of 32 SUMMARY SHEET Programme Horizon 2020 Contract N. 636300 Project Title European Bus Systems for the Future 2 Acronym EBSF_2 Coordinator UITP – International Association of Public Transport Project Director Michele Tozzi, [email protected] Web-site http://ebsf2.eu Starting date 1 May 2015 Number of months 36 months Deliverable N. 8.1 Deliverable Title Helsinki: Demo Description and Implementation Plan Version 1.0 Date of issue 30 November 2016 Distribution [Internal/External] External Dissemination level Public Abstract The European Bus Systems for the Future 2 (EBSF_2) is an Horizon 2020 project to increase the attractiveness of public bus transport service and improve the econom- ic performance of the operators. The project consists of several city demonstrators including Helsinki demo. Technical innovations studied and demonstrated in Helsinki are an optimised and adaptive use of bus auxiliary devices and a driver assistance system. Objectives for these technical innovations are to decrease the energy consumption of the bus operations and to improve the accuracy and the riding comfort of the service. This document gives the description and implementation plan of the Helsinki demo. Background description of the technical innovations are given.
    [Show full text]
  • General Information for Participants
    General Information for Participants DanceAbility Teacher Certification Course Helsinki 2015 DanceAbility Finland ry DanceAbility Finland ry Kaaos Company http://danceabilityfinland.com Yhd.rek. 201.517 Reg. Nr http://danceabilityfinland.com/kaaos [email protected] Y-tunnus 2285905-1 Business ID [email protected] Hengitä sisään Hengitä ulos Sinä tanssit Erilaisuuden sietämätön kauneus Inhale Exhale You are dancing The unbearable beauty of difference DanceAbility Finland ry Kaaos Company DanceAbility Finland Email: [email protected] Mobile: +358 44 974 5994 (Producer Emma Susi) Website: http://danceabilityfinland.com Facebook: www.facebook.com/danceabilityfinland Course Website: http://danceabilityfinland.com/daf/da-teacher-cert.html (ENG) http://danceabilityfinland.com/daf/da-teacher-cert.html?lang=fi (FIN) Facebook: www.facebook.com/danceability.teacher.certification.helsinki2015 (PUBLIC) https://www.facebook.com/groups/datc.helsinki2015/ (CLOSED GROUP) Course Venue Google Map: https://goo.gl/maps/rF8CP Zodiak – Centre For New Dance Rehearsal Studio C4 Cable Factory (Kaapelitehdas) Tallberginkatu 1, Entrance C, 4th Floor FI-00180 Helsinki, Finland Websites Cable Factory: http://www.kaapelitehdas.fi/en Zodiak – Center for New Dance: http://www.zodiak.fi/en How to get there? Kaapelitehdas (Cable Factory) is located in an area called Ruoholahti, which is about 2 kilometers from Helsinki center. You can get there by: Metro Ruoholahti, 700 me- tres walk to Kaapelitehdas (Cable Factory) Buses 15, 20, 21V,
    [Show full text]
  • “ELSA” Final Report of the Working Group
    PUBLICATIONS OF THE MINISTRY OF TRANSPORT AND COMMUNICATIONS 19/2007 Ministry of Transport and Communications' research and Development Programme for Accessibility “ELSA” Final report of the working group Helsinki, 2007 DESCRIPTION Date of publication 9.1.2007 Authors (from body; name, chairman and secretary of the body) Type of publication Working group: chairman Irja Vesanen-Nikitin, Report Assigned by Ministerial Adviser Ministry of Transport and Communications Date when body appointed Secretary Riikka Kallio, WSP LT-consultants Ltd 11.4.2003 Name of the publication Ministry of Transport and Communications' research and Development Programme for Accessibility “ELSA”, final report of the working group Abstract ELSA is a three-year (2003 - 2006) research and development programme involving several government ministries and non-governmental organizations. It was launched in 2003 to support the implementation of the accessibility strategy of Ministry of Transport and Communications. The task of the working group was to increase awareness in the municipal sector and among transport service providers, authorities and the public about the importance of accessibility and to activate re- search in general, to launch and monitor R&D projects as well as organise seminars and educational events and to report about project results. The ELSA programme has funded 30 R&D projects, three academic master's theses and educational material for the personnel and planners of public transport. The programme also included coordinating a network of Accessible Municipalities as well as organising several educational events and seminars. Project workers, members of the guidance group and the ELSA coordinator also wrote articles about R&D project results.
    [Show full text]
  • Annual Report 2009
    City of Helsinki Annual Report 2009 irri t Matti Matti Contents: A message from the Mayor 3 Development in the hands of the City Council 4 The Mayor’s sector 6 Public works and environmental affairs 8 Social affairs and public health 10 Cultural and personnel affairs 12 City planning and real estate 14 Financial statements 2009 16 Bericht des Oberbürgermeisters 22 Rapport annuel du maire de Helsinki 23 24 Brief facts about Helsinki 25 City of Helsinki 26 Publisher: Helsinki City Administration Centre n Translations: Translatinki Oy Graphic design & layout: Innocorp Oy n Photographs: Helsinki City Picture Archives n Cover photo: Kimmo Brandt Printers: Newprint 2010 n ISSN 1237-5063 n ISBN 978-952-223-642-5 A message from the Mayor N he global economic recession plan for the three municipalities. The e N had a strong impact on munic- vacated port areas near the city centre ipal finances in 2009. After a are now in the successful initial stag- T Pertti Niso few years of positive development es of being transformed into distinc- in tax revenues, they showed a weak tive residential zones. A strong focus development in 2009. on the development of public trans- Despite a weakened revenue base, port continued. Quarrying work for the Helsinki decided, unlike many oth- west metro commenced in autumn er municipalities, to refrain from mak- 2009. ing any sudden cuts in its operating Concrete results were achieved in expenses in 2009. This was regard- regional cooperation, along with the ed as a recovery solution and as part establishment of two joint municipal of supporting the national economy.
    [Show full text]
  • VR-Yhtymä Annual Report 2004
    Contents 4 VR and Business Environment 6 The VR Group 8 Chief Executive’s Review 10 Business Concept, Goals and Values 12 Highlights of 2004 16 Passenger Services 18 Freight Services 22 Track Construction and Maintenance 24 Road Services 26 Catering and Restaurant Services Annual Report 28 Safety 30 Human Resources 32 The Environment 2004 35 Financial Statements 36 Report by the Board of Directors 42 Consolidated Profi t and Loss Account 43 Consolidated Balance Sheet 44 Consolidated Cash Flow Statement 45 Parent Company Profi t and Loss Account 46 Parent Company Balance Sheet 47 Parent Company Cash Flow Statement 48 Notes to the Financial Statements 60 Board’s Proposal on the Distribution of Profi t 60 Auditors’ Report 61 Statement by the Supervisory Board 62 Administration and Management 65 Statistical Information 66 Glossary Annual Report 2004 Contents 4 VR and Business Environment 6 The VR Group 8 Chief Executive’s Review 10 Business Concept, Goals and Values 12 Highlights of 2004 16 Passenger Services 18 Freight Services 22 Track Construction and Maintenance 24 Road Services 26 Catering and Restaurant Services Annual Report 28 Safety 30 Human Resources 32 The Environment 2004 35 Financial Statements 36 Report by the Board of Directors 42 Consolidated Profi t and Loss Account 43 Consolidated Balance Sheet 44 Consolidated Cash Flow Statement 45 Parent Company Profi t and Loss Account 46 Parent Company Balance Sheet 47 Parent Company Cash Flow Statement 48 Notes to the Financial Statements 60 Board’s Proposal on the Distribution of Profi t 60 Auditors’ Report 61 Statement by the Supervisory Board 62 Administration and Management 65 Statistical Information 66 Glossary Annual Report 2004 VR-Group Ltd P.O.
    [Show full text]
  • Nokia's Survival Still in Doubt
    ISSUE 25 (256) • 21 JUNE –4 JULY 2012 • €3 • WWW.HELSINKITIMES.FI LEHTIKUVA / MARKKU RUOTTINEN JUHANNUS BREAK Nokia’s survival Helsinki Times is taking a short summer break and will be next appearing on Thursday 5 July. still in doubt SUMMER GUIDE Mobile giant’s job slashing tactics fail to impress investors, as markets react negatively. DAVID J. CORD In addition, Nokia announced HELSINKI TIMES the acquisition of the Swedish fi rm Scalado, which specialises in imag- NOKIA has announced it will slash ing technology. 10,000 jobs, lose some executives, “We must re-shape our operat- and have a worse second quar- ing model and ensure that we cre- Urban midsummer festivities ter than they predicted just two ate a structure that can support our Midsummer weekend in Finland months ago. The news caused its competitive ambitions,” CEO Ste- is traditionally spent at family share price to fall 18 per cent, a phen Elop said in a release. summer cottages, but the city credit agency to lower its debt rat- Nokia’s fi nancial situation has offers plenty of options for those ing to junk, and some analysts to deteriorated alarmingly rapidly. Its Nokia employees leave a personnel briefing in Oulu, after it emerged that the who stay in town. See our picks lower the value of Nokia as a going sales have fallen about 25 per cent troubled mobile phone manufacturer is to cut 3,700 jobs in Finland. for the best of urban juhannus. concern to zero. since 2007, and during that time pe- See page 12 The company said that it would riod it went from a 1.85 euros profi t Finland, including the mobile phone cash and intellectual property.
    [Show full text]