Fennia Asset Management Annual Report 2018

Financial Statements

Profit and Loss Account


 

2018

2017

Note

Income from investment services operations

   
 

Fee and commission income

7,425

5,207

 
 

Interest income

 

 

 
      

7,425

5,207

 

Fee and commission expenses

 

-113

 

Interest expenses

-1

-1

 
         

Income from investment services operations

7,425

5,093

 
 

Administrative expenses

   
  

Staff expenses

   
   

Salaries and commissions

-3,384

-2,426

5

   

Social expenses

   
    

Pension expenses

-623

-449

 
    

Other social expenses

-375

-86

 
      

-998

-536

 
  

Other administrative expenses

-1,079

-623

 
      

-5,461

-3,585

 
 

Depreciations and write-downs on tangible and intangible assets

-7

-9

 
 

Other operating expenses

-457

-523

 
 

Operating profit/loss

1,500

976

 
 

Appropriations

-1

-8

 
 

Income tax

-176

  
 

Profit/loss on ordinary activities after tax

1,322

968

 
 

Profit for the financial year

1,322

968