finances
42
finnish cultural foundation
annual report 2012–2013
(1.000 eur)
2012 - 2013 2011 - 2012
ACTUAL OPERATIONS
Grants
32 451
31 026
Cancelled grants
-868
-851
Cultural projects
2 962
3 465
Personnel expenses
1 758
1 853
Depreciation
119
146
General expenses
1 732
1 452
Cost deficit
-38 154
-37 091
FUNDRAISING
Donations for distribution as grants
309
404
Capital donations
15 954
29 406
Expenses
-283
-223
Cost deficit
-22 174
-7 504
INVESTMENT AND FINANCING OPERATIONS
Investment income
40 638
38 902
Investment expenses
-4 036
-3 716
Income on sale of fixed assets
32 209
16 391
Depreciations/revaluations
-265
7 638
Investment and financing operations
68 546
59 215
Surplus
46 372
51 711
EXTRAORDINARY ITEMS
Extraordinary expenses
0
-2 599
PROFIT FOR THE YEAR
46 372
49 112
TRANSFER TO THE CAPITAL FUND
Capital donations
-15 954
-29 406
SURPLUS/DEFICIT FOR THE FINANCIAL YEAR
30 418
1 7
FOUNDATION AND ASSOCIATION FINANCIAL STATEMENTS 1 OCTOBER 2012 - 30 SEPTEMBER 2013
Income statement
