Fennia Asset Management Annual Report 2017

Financial Statements

Profit and Loss Account


EUR 1,000

2017

2016

Income from investment services operations

  
 

Fee and commission income

5 207

2 910

 

Interest income

 

 
      

5 207

2 910

Fee and commission expenses

-113

-200

Interest expenses

-1

 

        

Net interest income

5 093

2 710

 

Administrative expenses

  
  

Staff expenses

  
   

Salaries and commissions

-2 426

-1 098

   

Social expenses

  
    

Pension expenses

-449

-205

    

Other social expenses

-86

-53

      

-536

-258

  

Other administrative expenses

-623

-323

      

-3 585

-1 678

 

Depreciations and write-downs on tangible and intangible assets

-9

-45

 

Other operating expenses

-523

-197

 

Operating profit/loss

976

789

 

Appropriations

-8

 

 

Profit/loss on ordinary activities after tax

968

789

 

Profit for the financial year

968

789