1. Annual report 2013
  2. Board of Directors' Report
  3. Financial statements
  4. Notes 17–18
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • 17 Shareholders’ equity (1,000 €) Group Parent company
    2013 2012 2013 2012
    Restricted equity
    Share capital on 1 Jan. 370,013 370,013 370,013 370,013
    Share capital on 31 Dec. 370,013 370,013 370,013 370,013
    Share premium account 1 Jan. 525,808 525,808 525,754 525,754
    Change during the year 0 0 0 0
    Share premium account 31 Dec. 525,808 525,808 525,754 525,754
    Restricted equity, total 895,822 895,822 895,767 895,767
    Non-restricted shareholders’ equity
    Retained earnings 1 Jan. 528,786 489,659 260,515 250,406
    Dividend distribution
    Change in accounting principles for stocks
    and net result of depreciation difference -746 327 -746 0
    Translation differences 62 32
    Retained earnings 31 Dec. 528,102 490,018 259,769 250,406
    Profit for the year 65,310 38,768 10,699 10,109
    Non-restricted shareholders’ equity, total 593,412 528,786 270,468 260,515
    Shareholders’ equity, total 1,489,234 1,424,607 1,166,235 1,156,283
    Calculation of distributable funds (1,000 €) Parent company
    2013 2012
    Retained earnings 0 250,406
    Profit for the year 0 10,109
    Distributable funds, total 0 260,516
    18 Provisions (1,000 €) Group
    Voluntary provisions 2013 2012
    Housing provision 0 0
    Voluntary provisions are divided in the consolidated financial statements into the profit for the year and the deferred tax liability.
    Obligatory provisions
    Obligatory provisions of M€ 8.5 (7.6) comprise expected warranty costs of M€ 0.0 (0.2) on long-term construction projects, provisions for loss-making orders/contracts of M€ 6.9 (6.9), future costs of M€ 0.0 (0.1) from dismantling a radio network, environmental provisions of M€ 1.0 (0.9) and costs of M€ 0.0 (0.7) arising from the changes in the Group and the reorganization.
    The parent company’s obligatory provisions consist of environmental provisions of M€ 1.0 (0.3) and costs of M€ 0.0 (0.2) arising from the structural changes in the Group and the reorganization.
    Impact of voluntary provisions and depreciation difference on the balance sheet Group
    2013 2012
    Voluntary provisions 0 0
    Depreciation difference 349,547 289,243
    349,547 289,243
    Transfer to shareholders’ equity 279,667 214,292
    Deferred tax liability 69,909 74,621
    Minority interest -29 329
    Change in tax rate entered in result 0 0
    349,547 289,243
    Deferred tax liability and receivables
    Deferred tax receivables 2013 2012
    From difference in accrual periods 2,484 6,238
    Deferred tax liability
    From transfers in financian statements 69,909 71,007
    Impact of voluntary provisions and depreciation difference on the profit and loss account Group
    2013 2012
    Change in voluntary provisions 0 -933
    Change in depreciation difference 60,304 39,710
    60,304 38,788
    Change affecting profit for the year 48,265 29,582
    Change in deferred tax liability 12,061 9,500
    Change affecting minority interest -21 -305
    Change in tax rate entered in result 0 0
    60,304 38,778