1. Annual report 2014
  2. Board of Directors' Report
  3. Financial statements
  4. Notes to the Financial Statements
  5. Notes 1–4
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • 1 Net sales by business segment and geographical area (1 000 €)
    Group Parent company
    2014 2013 2014 2013
    Net sales by business segment
    Passenger services
    Rail services 443,330 458,918 443,431 459,059
    Road services 90,240 75,142 0 0
    Catering and restaurant services 32,754 33,966 0 0
    Logistic services
    Rail services 334,227 331,636 334,933 332,842
    Road services 101,112 110,298 64,561 69,719
    Infrastructure engineering 313,965 340,326 0 0
    Other services 51,600 70,868 19,225 19,244
    Total 1,367,227 1,421,154 862,150 880,864
    Net sales by geographical area
    Finland 1,289,941 1,357,342 862,150 880,864
    Rest of Europe 77,286 63,812 0 0
    Total 1,367,227 1,421,154 862,150 880,864
    Revenue from long-term track construction projects is recognized as a percentage of completion, calculated from actual costs and estimated total costs. The amount recognized during the year was M€ 256.7 (282.9).
    2 Other operating income (1 000 €)
    Group Parent company
    2014 2013 2014 2013
    Rental income 18,161 17,660 24,985 25,105
    Profit on sale of fixed assets 23,941 19,038 23,216 28,844
    Other 17,936 12,067 31,754 27,877
    Total 60,038 48,765 79,954 81,826
    3 Materials and services (1 000 €)
    Group Parent companyt
    2014 2013 2014 2013
    Materials and supplies (goods)
    Purchasing during the year 217,990 245,895 128,762 133,118
    Change in inventories -2,762 -1,192 -5,554 338
    External services purchased 192,249 216,997 99,817 106,427
    Total 407,477 461,700 223,025 239,883
    4 Employees and personnel expenses
    The average number of employees by business segment was as follows:
    Group
    2014 2013
    Passenger services 2,743 2,601
    Logistic services 1,637 1,670
    Inrastructure engineering 1,857 1,990
    Maintenance 1,262 1,306
    Train operations 1,413 1,673
    Finrail Oy 432 446
    Corenet Oy 0 160
    Other Group services 345 388
    Total 9,689 10,234
    Personnel expenses (1 000 €)
    Group Parent company
    2014 2013 2014 2013
    Wages and salaries 445,107 460,870 279,424 290,037
    Pension expanses 73,620 78,910 46,093 50,418
    Other personnel related expenses 31,692 31,548 17,844 18,432
    Total 550,418 571,328 343,360 358,888
    Management renumeration (1 000€)
    Group Parent company
    2014 2013 2014 2013
    CEOs 2,114 1,820 1,151 807
    Member of Boards of Directors 291 291 291 291
    Supervisory Board 50 79 50 79
    Total 2,455 2,190 1,492 1,177
    The retirement age for the CEO of VR-Group Ltd is 63 years. The CEO has a personal additional pension insurance of 9,604.50 euro paid by the employer that includes life insurance in case of death.