The parent company’s profit for the financial period was EUR 95,014,173.78.
The Board of Directors proposes that, by virtue of Section 4 of the Act on the State-owned Specialised Financing Company, the profit be transferred to the unrestricted equity reserves as follows:
To the reserve for export credit guarantee and special guarantee operations; the share of export credit guarantee and special guarantee operations EUR 79,402,726.63.
To the reserve for domestic operations; the share of domestic operations EUR 15,611,447.15.
Owing to an error made in the accrual of fee and commission income and expenses for export credit guarantees in previous financial periods, the sum of EUR 52,972,664.00, which had been entered directly in profits, is transferred to the reserve for export credit guarantees and special guarantees.
The total amount transferred to the reserve for export credit guarantee and special guarantee operations is EUR 132,375,390.63.
In addition, the cancellation of a subordinated loan received from the owner, EUR 3,050,189.20 and remeasurement gains in defined benefit pension plans, EUR 9,306.00, were entered directly into retained earnings during the financial period. It is proposed that this sum be transferred to the reserve for domestic operations.
The total amount transferred to the reserve for domestic opreations is EUR 18,670,942.35.