Report on State Annual Accounts 2019

Total Page:16

File Type:pdf, Size:1020Kb

Report on State Annual Accounts 2019 SNELLMANINKATU 1, HELSINKI 2019 Accounts Report Annual on State PO BOX 23, 00023 GOVERNMENT, FINLAND valtioneuvosto.fi/en/ julkaisut.valtioneuvosto.fi ISBN: 978-952-287-891-5 PDF ISBN: 978-952-287-887-8 REPORT ON STATE ISSN: 2490-0966 PDF ISSN: 2490-0613 printed Annex 4 Annex ANNUAL ACCOUNTS 2019 State corporate holdings, government undertakings and off-budget funds government holdings, corporate State Annex 4 State corporate holdings, government undertakings and off-budget funds PUBLICATIONS OF THE FINNISH GOVERNMENT 2020:22 vn.fi/en Publications of the Finnish Government 2020:22 Government of the Finnish Publications K 1/2020 vp K 1/2020 vp Publications of the Finnish Government 2020:22 Report on state annual accounts 2019 Annex 4 State corporate holdings, government undertakings and off-budget funds Finnish Government, Helsinki 2020 Finnish Government ISBN: 978-952-287-891-5 PDF ISBN: 978-952-287-887-8 printed Layout: Government Administration Department, Publications Helsinki 2020 WAN E S CO IC L D A B PEFC-certified R E O L N The wood used to make this printing paper comes from sustainably managed, monitored forests. PrintedPrinted matter 1234 5678 4041-0619 PEFC/02-31-151 www.pefc.fi Description sheet Published by Finnish Government 1 July 2020 Authors Prime Minister’s Office, Ministry of Finance Report on State Annual Accounts 2019 Annex 4 Title of publication State corporate holdings, government undertakings and off-budget funds Series and publication Publications of the Finnish Government 2020:22 number Register number VN/13080/2019 ISBN (printed) 978-952-287-887-8 ISSN (printed) 2490-0613 ISBN PDF 978-952-287-891-5 ISSN (PDF) 2490-0966 Website address http://urn.fi/URN:ISBN:978-952-287-891-5 (URN) Pages 75 Language English Keywords state annual accounts, financial statements, Government Abstract As provided in section 46 of the Constitution, the Government submits to Parliament a report on the State annual accounts and information on the management of government finances and compliance with the budget including measures taken by the Government in response to the resolutions passed by Parliament. More detailed provisions on the report on the state annual accounts are set out in section 9a of the Government Act (715/2003) and sections 17 and 18 of the State Budget Act (42371988). Section 18 of the State Budget Act stipulates that the state annual accounts and information on the central government finances and the State’s financial management and operative performance included in the report on the State annual accounts shall provide true and fair information on compliance with the budget, State revenues and expenditure, the State’s financial position, and performance (true and fair view). Legislatively, the contents of the report are more specifically governed by the requirements laid down in the State Budget Decree (1243/1992). The State annual accounts for 2019 consist of five parts: the state annual accounts; Annex 1 Financial performance by ministries; Annex 2 Financial statements; Annex 3 Measures taken in response to statements and opinions issued by Parliament; and Annex 4 State corporate holdings, government undertakings and off- budget funds. In early 2020, Europe was hit by a pandemic caused by the COVID-19 virus originating from China. In Finland, the first measures to contain the virus were taken in March 2020. Both the epidemic and the restrictions imposed in response to the virus have had extensive operational and financial implications for several sectors of society both in the short and long term. These state annual accounts will not address the situation during the pandemic or make any projections as to the future. As the accounts provide an overview of developments in 2019, the impacts of the COVID-19 pandemic are not reflected in this report, for example in terms of risk assessments or the overall economy. Publisher Finnish Government Printed by PunaMusta Ltd., 2020 (place and time) Distributed by/ Online version: julkaisut.valtioneuvosto.fi Publication sales Publication sales: vnjulkaisumyynti.fi Kuvailulehti Julkaisija Valtioneuvosto 1.7.2020 Tekijät Valtioneuvoston kanslia, valtiovarainministeriö Hallituksen vuosikertomus 2019 liite 4 Julkaisun nimi Valtion yhtiöomistus, liikelaitokset ja talousarvion ulkopuoliset rahastot Julkaisusarjan nimi Valtioneuvoston julkaisuja 2020:22 ja numero Diaari/hankenumero VN/13080/2019 ISBN painettu 978-952-287-887-8 ISSN painettu 2490-0613 ISBN PDF 978-952-287-891-5 ISSN PDF 2490-0966 URN-osoite http://urn.fi/URN:ISBN:978-952-287-891-5 Sivumäärä 75 Kieli englanti Asiasanat vuosikertomus, tilinpäätös, valtioneuvosto Tiivistelmä Valtioneuvosto antaa eduskunnalle hallituksen vuosikertomuksen perustuslain 46 §:ssä säädettynä kertomuksena hallituksen toiminnasta, valtiontalouden hoidosta ja talousarvion noudattamisesta sekä niistä toimista, joihin hallitus on eduskunnan päätösten johdosta ryhtynyt. Hallituksen vuosikertomuksesta säädetään tarkemmin valtioneuvostosta annetun lain (175/2003) 9 a §:ssä sekä valtion talousarviosta annetun lain (423/1988) 17 ja 18 §:ssä. Talousarviolain 18 §:ssä edellytetään, että hallituksen vuosikertomukseen otettavien valtiontalouden ja valtion taloudenhoidon sekä toiminnan tuloksellisuuden kuvausten tulee antaa oikeat ja riittävät tiedot talousarvion noudattamisesta, valtion tuotoista ja kuluista, valtion taloudellisesta asemasta sekä tuloksellisuudesta (oikea ja riittävä kuva). Säädöstasolla kertomuksen sisältöä määrittävät erityisesti myös valtion talousarviosta annetun asetuksen (1243/1992) vaatimukset. Hallituksen vuosikertomus vuodelta 2019 muodostuu viidestä osasta: vuosikertomuksesta sekä liitteestä 1 Ministeriöiden tuloksellisuuden kuvaukset, liitteestä 2 Tilinpäätöslaskelmat, liitteestä 3 Toimenpiteet eduskunnan lausumien ja kannanottojen johdosta sekä liitteestä 4 Valtion yhtiöomistus, liikelaitokset ja talousarvion ulkopuoliset rahastot. Alkuvuodesta 2020 Euroopassa levisi Kiinasta alkunsa saanut uuden koronaviruksen aiheuttama COVID-19- tartuntatautiepidemia. Suomessa ensimmäiset viruksen leviämisen rajoittamista koskevat toimet tehtiin maaliskuussa 2020. Sekä epidemialla että sitä koskevilla rajoitustoimilla on merkittäviä toiminnallisia ja taloudellisia vaikutuksia yhteiskunnan eri osa-alueilla niin lyhyellä kuin pitkälläkin aikavälillä. Tässä vuoden 2019 hallituksen vuosikertomuksessa ei käsitellä tilannetta epidemian aikana tai arvioida tilannetta sen jälkeen. Kertomus on kuvaus vuoden 2019 tilanteesta, COVID19-epidemian vaikutukset eivät tässä kertomuksessa näy esimerkiksi riskiarvioissa tai talouden kokonaiskuvassa. Kustantaja Valtioneuvosto Painopaikka ja vuosi PunaMusta Oy, 2020 Julkaisun Sähköinen versio: julkaisut.valtioneuvosto.fi jakaja/ myynti Julkaisumyynti: vnjulkaisumyynti.fi Presentationsblad Utgivare Statsrådet 1.7.2020 Författare Statsrådets kansli, finansministeriet Regeringens årsberättelse 2019 bilaga 4 Publikationens titel Statens bolagsinnehav och affärsverk samt statliga fonder utanför budgeten Publikationsseriens Statsrådets publikationer 2020:22 namn och nummer Diarie-/ VN/13080/2019 projektnummer ISBN tryckt 978-952-287-887-8 ISSN tryckt 2490-0613 ISBN PDF 978-952-287-891-5 ISSN PDF 2490-0966 URN-adress http://urn.fi/URN:ISBN:978-952-287-891-5 Sidantal 75 Språk engelska Nyckelord årsberättelse, statsrådet, bokslut Referat Enligt i 46 § i grundlagen ska statsrådet lämna en berättelse till riksdagen om regeringens verksamhet, skötseln av statsfinanserna och om hur budgeten har följts samt om regeringens åtgärder med anledning av riksdagens beslut. Närmare bestämmelser om regeringens årsberättelse finns i 9 a § i lagen om statsrådet (175/2003) och i 17 och 18 § i lagen om statsbudgeten (423/1988). I 118 § i lagen om statsbudgeten förutsätts det att de redogörelser för statsfinanserna och skötseln av statsfinanserna samt resultat av statens verksamhet som tas in i regeringens årsberättelse ska ge riktiga och tillräckliga uppgifter om hur budgeten följts och om statens intäkter och kostnader, om statens ekonomiska ställning och resultat (rättvisande bild). På författningsnivå fastställs årsberättelsens innehåll i synnerhet i förordningen om statsbudgeten (1243/1992). Regeringens årsberättelse för 2019 består av fem delar: den egentliga årsberättelsen samt bilaga 1) Ministeriernas resultatöversikter, bilaga 2) Bokslutskalkyler, bilaga 3) Åtgärder med anledning av riksdagens uttalanden och ställningstaganden och bilaga 4) Uppgifter om statens bolagsinnehav, affärsverk och fonder utanför statsbudgeten. En ny coronavirussjukdom, covid-19, med ursprung i Kina, spred sig i början av 2020 i Europa. I Finland vidtogs de första åtgärderna för att hindra virusets spridning i mars 2020. Såväl epidemin som begränsningsåtgärderna har betydande praktiska och ekonomiska följder för alla samhällsområden, både på lång och på kort sikt. I regeringens årsberättelse för 2019 tas inte läget under eller efter coronaepidemin upp. Årsberättelsen beskriver läget år 2019 och därför beaktas inte följderna av covid-19 i till exempel riskbedömningen eller i helhetsöversikten av ekonomin. Förläggare Statsrådet Tryckort och år PunaMusta Ab, 2020 Distribution/ Elektronisk version: julkaisut.valtioneuvosto.fi beställningar Beställningar: vnjulkaisumyynti.fi Contents 1 State corporate holdings ......................................................................................................................................................................................................... 9 1.1 Key indicators ......................................................................................................................................................................................................................
Recommended publications
  • Kemira Annual Report 2008
    Annual Report 2008 Kemira focuses on water and fiber management chemistry, its goal is to be the best in its field. In 2008, Kemira recorded revenue of approximately EUR 2.8 billion and had a staff of 9,405. Kemira operates in 40 countries. Key Changes 2008 Contents We Changed Our Strategy Profile of Kemira We announced our new strategy in June 2008 according to Kemira in Brief which we will focus on the water and fiber management Year 2008 in Brief 1 chemistry. Phase one involves enhancing our profitability, improving our cash flows and strengthening our balance CEO’s Review 2 sheet. Phase two involves pursuing strong organic growth. Strategy 4 Segments We Plan to List Tikkurila Paper 8 We have announced our plan to list Tikkurila on the NASDAQ Water 10 OMX Helsinki Oy which is targeted to take place once market conditions permit. Oil & Mining 12 Tikkurila 14 We Renewed Our Structure Research & Development 16 In 2008, we reorganized our business structure to reflect our Supply Chain Management (SCM) 18 new strategy. Kemira’s water management related operations Corporate Responsibility 20 are now organized into three segments: Paper, Water, and Economic Responsibility 22 Oil & Mining. Tikkurila is responsible for Kemira’s paints and coatings business, and a new Board of Directors was Human Resources 24 appointed to Tikkurila at the beginning of 2009. Our structural Environmental Responsibility 28 reorganization also involved discontinuing the Kemira Corporate Governance Specialty business. Corporate Governance 32 Risk Management 38 We Launched a Savings Program In 2008, we launched a global savings program with the goal Board of Directors 40 of saving more than EUR 60 million in 2009–2010.
    [Show full text]
  • FINLAND Harri Kostilainen
    SOCIAL ENTERPRISES AND THEIR ECOSYSTEMS IN EUROPE Country report FINLAND Harri Kostilainen Social Europe This report is part of the study “Social enterprises and their ecosystems in Europe” and it provides an overview of the social enterprise landscape in Finland based on available information as of March 2019. It describes the roots and drivers of social enterprises in the country as well as their conceptual, fiscal and legal framework. It includes an estimate of the number of organisations and outlines the ecosystem as well as some perspectives for the future of social enterprises in the country. This publication is an outcome of an assignment financed entirely by the European Union Programme for Employment and Social Innovation "EaSI" (2014-2020). For further information please consult: http://ec.europa.eu/social/easi Manuscript completed in August 2019 1st edition Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use that might be made of the following information. Luxembourg: Publications Office of the European Union, 2019 © European Union, 2019 Reuse is authorised provided the source is acknowledged. The reuse policy of European Commission documents is regulated by Decision 2011/833/EU (OJ L 330, 14.12.2011, p. 39). For any use or reproduction of photos or other material that is not under the EU copyright, permission must be sought directly from the copyright holders. Catalogue number KE-07-18-054-EN-N ISBN 978-92-79-97909-5 | DOI 10.2767/044718 You can download our publications
    [Show full text]
  • The Largest Nordic Manufacturing Companies
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Oxelheim, Lars Working Paper The Largest Nordic Manufacturing Companies IUI Working Paper, No. 107 Provided in Cooperation with: Research Institute of Industrial Economics (IFN), Stockholm Suggested Citation: Oxelheim, Lars (1983) : The Largest Nordic Manufacturing Companies, IUI Working Paper, No. 107, The Research Institute of Industrial Economics (IUI), Stockholm This Version is available at: http://hdl.handle.net/10419/94693 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu A list of Working Papers on the last pages No. 107 The Largest Nordic Manufacturing Companies by Lars Oxelheim This is a preliminary paper. It is intended for private circulation, and should not be quo ted or referred to in publications without permission of the authors.
    [Show full text]
  • Power Point Presentation Template
    POHJOLA PANKKI ONE-ON-ONE -PÄIVÄ March 9, 2011 Pekka Lundmark, President and CEO Teo Ottola, CFO © 2011 Konecranes Plc. All rights reserved. 1 HIGHLIGHTS OF Q4/10 • Positives – Key macroeconomic indicators continuously positive – Pick-up in Port Cranes boosted Equipment order intake – Continued EBIT margin expansion • Negatives – New equipment orders still relatively low in developed markets Board of Directors proposes a dividend of EUR 1.00 per share © 2011 Konecranes Plc. All rights reserved. 2 CAPACITY UTILIZATION: EU27 AND USA SOURCES: Eurostat (latest data point Q1/11), Federal Reserve Bank of St. Louis (December 2010) © 2011 Konecranes Plc. All rights reserved. 3 CONTAINER TRAFFIC Annual container handling volume Monthly container handling volume SOURCES: Drewry Container Annual 2009/2010, Drewry Freight Shipper Insight (latest data point October 2010) © 2011 Konecranes Plc. All rights reserved. 4 MARKET OUTLOOK AND FINANCIAL GUIDANCE AS OF FEBRUARY 3, 2011 • The demand for maintenance ¾We forecast year 2011 sales and services is expected to be above operating profit to be higher than in last year’s level due to higher 2010 capacity utilization within customer industries • The demand for new equipment is expected to continue to grow in Asia-Pacific and in emerging markets in general. Also, customers in Western Europe and North America are gradually gaining confidence to increase their new equipment investments © 2011 Konecranes Plc. All rights reserved. 5 ABU DHABI PORTS COMPANY (ADPC) RELIES ON KONECRANES • Order of 30 automated stacking cranes (ASC) and a container terminal operating system (TOS) • Order value over EUR 80 million • Delivery in 2012 • Konecranes has a proven solution for ASCs – Earlier delivery of 30 ASCs to Norfolk, Virginia, USA, in operation – 36 ASCs on order for Barcelona, Spain, for delivery in 2012 © 2011 Konecranes Plc.
    [Show full text]
  • Privatisation Potential in the European Union
    Research Report Privatisation Potential in the European Union Research Report Privatisation Potential in the European Union Julia Borrmann, Markus Fichtinger, Christian Helmenstein, Georg Neumüller September 2014 Study on behalf of United Europe Contact: Christian Helmenstein Economica Institute Liniengasse 50-52 1060 Vienna / Austria Phone: +43/676/3200-401 Email: [email protected] Content Content 1 List of Tables and Figures 2 List of Tables 2 List of Figures 2 Executive Summary 3 1 Expected benefits of privatisation 5 1.1 Why do governments privatise? 5 1.2 Theoretical implications of the ownership structure 6 1.3 Empirical effects of privatisation 7 1.4 Potential scope of privatisation 8 2 Methodology 8 2.1 Scope of the study 8 2.2 Identification of the state-owned enterprises and the publicly held shares 9 2.3 Valuation of the government holdings in listed firms 10 2.4 Valuation of the government holdings in non-listed firms 11 2.5 Valuation of financial institutions 13 3 Value of government-held shares in firms 15 3.1 Value of government-held shares in listed firms 15 3.2 Value of government held shares in non-listed financial institutions 16 3.3 Value of government-held shares in non-listed firms excl. financial institutions 18 3.4 Total value of government-held shares in listed and non-listed firms 18 4 Conclusion 21 5 References 23 6 Appendix 25 1 List of Tables and Figures List of Tables Table 1: Total equity value of government shares in listed firms by country 15 Table 2: Thirty largest equity holdings in listed firms held by governments 16 Table 3: Equity value of non-listed financial institutions 17 Table 4: Total government holdings of listed and non-listed firms according to country 19 Table 5: Privatisation thresholds – three scenarios 20 Table 6: Equity value of government share in listed firms 25 Table 7: Equity value of government share in non-listed firms excl.
    [Show full text]
  • Liite 2 Sidosyksiköt Suomessa Suomessa on Merkittävä Määrä Sidosyksiköitä. Yksistään Helsingin Kaupunki Omistaa Noin 9
    Liite 2 1 (2) 4.10.2016 Procurement Training and Counseling Services Sidosyksiköt Suomessa Suomessa on merkittävä määrä sidosyksiköitä. Yksistään Helsingin kaupunki omistaa noin 90 yhtiötä. 1 Suomessa oli vuoden 2016 alusta 313 kuntaa 2. Valtion omistamia yhtiöitä on listattu alla. Kansainvälisille markkinoille palveluita tuottaa tai voisi tuottaa useampi valtio-omisteinen yhtiö. Esimerkiksi: CSC - Tieteen tietototekniikan keskus Oy: ” International projects and collaborative networks. CSC expands Finland's national service offering through European cooperation. CSC is a partner in many international projects and European e-infrastructure and grid projects. A list of CSC's international projects projects can be found below. CSC's international cooperation are of direct benefit to research teams in Finland.”3 Esimerkkejä kokonaan omistetuista valtionyhtiöistä 4 Omistaj Osuus Valtionyhtiö Toimiala a- Alaraja % % ohjaus 1. A-Kruunu Oy vuokra-asunnot YM 100 100 2. Arctia Shipping Oy jäänmurto VNK 100 100 3. Omaisuudenhoitoyhtiö omaisuudenhoito VM 100 0,0 Arsenal Oyj (selvitystilassa) 4. CSC – Tieteen tietotekniikan tietojenkäsittely OKM 100 100 keskus Oy 5. Finavia Oyj lentoliikenne LVM 100 100 6. Finnpilot Pilotage Oy luotsauspalvelut LVM 100 100 7. Finnvera Oyj erityisrahoituslaitos TEM 100 100 rautatieliikenteen 8. Finrail Oy VNK 100 100 ohjauspalvelut 1 Lähde: http://www.hs.fi/kaupunki/a1420951728052 2 Lähde: https://fi.wikipedia.org/wiki/Luettelo_Suomen_kunnista 3 Lähde: https://www.csc.fi/international-projects-and-collaborative-networks 4 Lähde: https://fi.wikipedia.org/wiki/Luettelo_Suomen_valtionyhti%C3%B6ist%C3%A4 Osoite Y-tunnus Puhelin Internet ja sähköposti Simonkatu 12 A 7 1916929-5 050 541 8615 www.ptcs.fi 00100 Helsinki [email protected] Finland Liite 2 2 (2) 4.10.2016 Procurement Training and Counseling Services maakaasun 9.
    [Show full text]
  • ANNUAL REPORT 2018 Consists of Four Modules: Business Overview, GRI Disclosures, Corporate Governance Statement, and Financial Statements
    Report 2018 Adding to your everyday At Kemira, we use our chemistry to improve your everyday. It means making your packaging lighter and stronger, your paper towels softer, and your colors brighter. We make your drinking water safe, your wastewater clean, and by adding our chemistry, you get more out of energy resources. By adding our expertise, your everyday business runs smoother and more efficiently. You add a committed partner who innovates together with you and creates solutions for a profitable, sustainable future. Our job is to add value while adding peace of mind. We call it adding to your everyday. BUSINESS OVERVIEW GRI DISCLOSURES CORPORATE GOVERNANCE FINANCIAL STATEMENTS THE KEMIRA ANNUAL REPORT 2018 consists of four modules: Business Overview, GRI Disclosures, Corporate Governance Statement, and Financial Statements. This interactive PDF version of the Annual Report has been enhanced with a linked navigation to help you find the information you want more quickly. The table of contents, page references and URLs link to pages and sections within this document as well as to outside websites. Content BUSINESS OVERVIEW CORPORATE GOVERNANCE Key figures 2018 2 STATEMENT CEO review 4 Corporate Governance This is Kemira 6 Statement 2018 2 Global megatrends favor Kemira 8 Group Management 11 Our strategy 11 Remuneration statement 2018 14 Risks and opportunities 13 Pulp & Paper 16 Industry & Water 20 GRI DISCLOSURES FINANCIAL STATEMENTS Corporate responsibility Board of Directors' review 2 at Kemira 2 Group key figures 18 Our management
    [Show full text]
  • Annual Report 2005
    ,$*,POFDSBOFT"OOVBM3FQPSU .BJO1SPEVDU3BOHFT .0%&3/*4"5*0/4&37*$&4 GPSJNQSPWFEBWBJMBCJMJUZ SFMJBCJMJUZBOETBGFUZPG FYJTUJOHFRVJQNFOU ."*/5&/"/$&4&37*$&4 GPSBMMDSBOFNBLFT SFHBSEMFTTPGPSJHJOBM NBOVGBDUVSFS "OOVBM3FQPSU ,$*,0/&$3"/&41-$ */%6453*"-$3"/&4 -*()5$3"/&4:45&.4 10#PY '* GFBUVSJOHUIF$95IPJTUGPS GPSQSPEVDUJWFBOEFSHP )ZWJOLÊÊ 'JOMBOE MJGUJOHDBQBDJUJFTVQUPUPOT OPNJDIBOEMJOHPGMPBET Kuvia puuttuu VQUP LH 5FM 'BY XXXLPOFDSBOFTDPN #VTJOFTT*% 5VSOGPSJOGPSNBUJPOUPTIBSFIPMEFST )"3#063$3"/&4 GPSIBSCPVST JOUFSNPEBM UFSNJOBMTBOEUIFTIJQ 130$&44$3"/&4 QJOHJOEVTUSZ FOHJOFFSFEGPSTFWFSFEVUZ MJGUJOHVQUP UPOTPS NPSF 4)*1:"3%$3"/&4 GFBUVSFBDPNQSFIFOTJWFSBOHF PGKJCQPSUBMBOE(PMJBUIHBOUSZ DSBOFT )&"7:%65:-*'5536$,4 GPSLMJGUUSVDLTBOESFBDI TUBDLFSTXJUIMJGUJOHDBQBDJUJFT VQUPUPOT 7/2,$,%!$).'#2!.%4%#(./,/'9 7/2,$,%!$).'#2!.%4%#(./,/'9 Covers KCI_ENG_6.indd 1 15.2.2006 19:24:31 ,$*,POFDSBOFT"OOVBM3FQPSU .BJO1SPEVDU3BOHFT .0%&3/*4"5*0/4&37*$&4 GPSJNQSPWFEBWBJMBCJMJUZ SFMJBCJMJUZBOETBGFUZPG FYJTUJOHFRVJQNFOU ."*/5&/"/$&4&37*$&4 GPSBMMDSBOFNBLFT SFHBSEMFTTPGPSJHJOBM NBOVGBDUVSFS "OOVBM3FQPSU ,$*,0/&$3"/&41-$ */%6453*"-$3"/&4 -*()5$3"/&4:45&.4 10#PY '* GFBUVSJOHUIF$95IPJTUGPS GPSQSPEVDUJWFBOEFSHP )ZWJOLÊÊ 'JOMBOE MJGUJOHDBQBDJUJFTVQUPUPOT OPNJDIBOEMJOHPGMPBET Kuvia puuttuu VQUP LH 5FM 'BY XXXLPOFDSBOFTDPN #VTJOFTT*% 5VSOGPSJOGPSNBUJPOUPTIBSFIPMEFST )"3#063$3"/&4 GPSIBSCPVST JOUFSNPEBM UFSNJOBMTBOEUIFTIJQ 130$&44$3"/&4 QJOHJOEVTUSZ FOHJOFFSFEGPSTFWFSFEVUZ MJGUJOHVQUP UPOTPS NPSF 4)*1:"3%$3"/&4 GFBUVSFBDPNQSFIFOTJWFSBOHF PGKJCQPSUBMBOE(PMJBUIHBOUSZ DSBOFT
    [Show full text]
  • Income Tax (Einkommensteuer) 1
    INVENTORY LEVIED IN THE MEMBER STATES OF THE EUROPEAN UNION 16th edition — Supplement AUSTRIA FINLAND SWEDEN * »* • • • • • *** EUROPEAN COMMISSION EUROPEAN COMMISSION DIRECTORATE-GENERAL XXI CUSTOMS AND INDIRECTTAXATION DIRECTORATE-GENERAL XV INTERNAL MARKET AND FINANCIAL SERVICES Inventory of taxes levied in the Member States of the European Union by the State and the local authorities (Lander, départements, regions, districts, provinces, communes) 16TH EDITION — Supplement Austria Finland Sweden DOCUMENT A great deal of additional information on the European Union is available on the Internet. It can be accessed through the Europa server (http://europa.eu.int) Cataloguing data can be found at the end of this publication Luxembourg: Office for Official Publications of the European Communities, 1996 ISBN 92-827-6986-0 © ECSC-EC-EAEC, Brussels · Luxembourg, 1996 Printed in Luxembourg Introductory note In collaboration with the Member States, the European Commission publishes a survey of the duties and taxes in force in the Member States of the European Union. The present edition reflects the situation on 1 January 1995 in Austria, Finland and Sweden and Is a supplement to the 16th edition. This publication aims to provide all those interested in tax law — public servants, university staff, students, businessmen, tax advisers, etc.—with a general view of the tax systems of the Member States. Directorates-General XXI and XV will be pleased to receive any comments or suggestions with a view to the improvement of this work. Rue de la Loi 200 B-1040 Brussels Abbreviations M.b. — Moniteur belge B.S. = Belgisch Staatsblad BGBl. = Bundesgesetzblatt VO = Verordnung BayBS = Bayrische Bereinigte Sammlung GVBI = Gesetz- und Verordnungsblatt RGBl = Reichsgesetzblatt RAO and AO = (Reichs).
    [Show full text]
  • Statement on the Corporate Governance and Steering System 2016 Finnvera’S Financial Review 2016 2
    Statement on the Corporate Governance and Steering System 2016 FINNVERA’s FinanciaL REVIEW 2016 2 Statement on the Corporate Governance and Steering System Finnvera’s Financial Review 2016 Statement on the Corporate Governance and Steering System Contents Statement on the Corporate Governance and Steering System .............. 3 Acts and rules governing the operations ........................................... 3 The goals of good corporate governance ........................................... 3 Ownership and ownership policy ..................................................... 4 Administrative bodies of Finnvera ........................................ ........... 4 General Meeting of Shareholders ........................................ 4 Supervisory Board ............................................................ 4 Board of Directors ............................................................ 5 Inspection Committee of the Board of Directors ..................... 7 Remuneration Committee of the Board of Directors ................ 7 Chief Executive Officer, Management Group and Corporate Management Team ............................................. 8 Salaries and fees .......................................................................... 8 Operating principles for internal control ............................................ 9 Risk management ......................................................................... 9 Controlling the financial reporting process ........................................ 9 Compliance function .....................................................................
    [Show full text]
  • Regulator\ Reform in Finland
    5HJXODWRU\ 5HIRUP LQ )LQODQG 7KH 5ROH RI &RPSHWLWLRQ 3ROLF\ LQ 5HJXODWRU\ 5HIRUP ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention). Publié en français sous le titre : LE ROLE DE LA POLITIQUE DE LA CONCURRENCE DANS LA RÉFORME DE LA RÉGLEMENTATION © OECD 2003.
    [Show full text]
  • Yhtiöittämisen Periaatteet Valtiolla
    Valtiovarainministeriö Yhtiöittämisen periaatteet valtiolla Esiselvitys 30.1.2018 Valtionhallinnon kehittämisosasto 30.1.2018 SISÄLLYS JOHDANTO .............................................................................................................................................. 2 1 Valtion yhtiöt ja omistajapolitiikan periaatteet ................................................................................ 3 1.1 Valtion omistamisen perusta ......................................................................................................... 3 1.2 Omistajaohjaus .............................................................................................................................. 4 1.3 Valtion yhtiöt .................................................................................................................................. 6 2 Valtion liikelaitokset ..................................................................................................................... 10 2.1 Euroopan yhteisön päätös Tieliikelaitosta koskien ...................................................................... 10 2.2 Valtion liikelaitoksia koskeva lainsäädäntö .................................................................................. 12 3 Rahastot ...................................................................................................................................... 14 3.1 Valtion talousarvion ulkopuoliset rahastot ................................................................................... 14 3.2 Itsenäiset
    [Show full text]