Financing structure

FIOH’s result showed a surplus of EUR 1956 million in 2015, which represents an increase of EUR 1.6 million compared to 2014.
Government aid accounted for 55% of the funds for operations, and the remainder was funded by income generated by FIOH itself.

Income

The income generated by FIOH totalled EUR 28.97 million, as budgeted.
Total income generated by FIOH decreased by EUR 1.0 million compared to the previous year.
FIOH received EUR 32.9 million in government aid, a decrease of EUR 3.6 million compared to 2014.

Expenses

Expenses remained well under control. Operating expenditures and personnel expenses totalled EUR 56.9 million. Expenses were substantially below the 2014 level, and also under budget. Significant savings were achieved in nearly all cost categories. Expenditure on equipment and other long-term expenditures totalled EUR 3.2 million, which was the same level as the previous year.

Balance sheet

The balance sheet total was EUR 64.02 million, which represents an increase of EUR 1.7 million from the previous year.

FIOH also condensed its premises

We gave up our main building in Töölö, Helsinki, at Topeliuksenkatu 41 a A, and renovated our premises at Topeliuksenkatu 41 b to more efficiently make the use of space.

A fence was erected around the building, which featured entertaining, humourous illustrations, designed and painted by Multicoloured Dreams.