1. Annual report 2013
  2. Board of Directors' Report
  3. Financial statements
  4. Notes 1–4
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • 1 Net turnover by business sector and market area (1,000 €)
    Breakdown by business sector Group Parent company
    2013 2012 2013 2012
    Passenger services
    Rail services 458,918 444,349 459,059 444,059
    Road services 75,142 69,218
    Catering and restaurant operations 33,966 34,615
    Freight services
    Road services 331,636 328,309 332,842 329,144
    Road services 110,298 215,879 69,719 153,457
    Infrastructure Engineering 340,326 273,929
    Other services 70,868 71,467 19,244 54,316
    Total 1,421,154 1,437,766 880,864 980,976
    Breakdown by geographical area
    Finland 1,349,023 1,389,775 880,864 980,976
    Rest of Europe 72,131 47,991
    Total 1,421,154 1,437,766 880,864 980,976
    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€ 282,9 (187,2).
    2 Other operating income (1,000 €) Group Parent company
    2013 2012 2013 2012
    Rental income 17,660 15,181 25,105 21,569
    Profits on sale of fixed assets 19,038 9,737 28,844 9,354
    Other 12,067 36,522 27,877 45,678
    Total 48,765 61,440 81,826 76,601
    3 Materials and services (1,000 €) Group Parent company
    2013 2012 2013 2012
    Materials and supplies (goods)
    Purchases during the year 245,895 236,788 133,118 146,667
    Change in stocks -1,192 -9,198 338 -7,448
    External services purchased 216,997 243,331 106,427 145,417
    Total 461,700 470,921 239,883 284,636
    4 Personnel and personnel expenses (1,000 €)
    The number of personnel employed by the Group during the year, on average by business sector, was as follows:
    2013 2012
    Passenger Services 2,601 2,564
    Logistics 1,670 2,340
    Infrastructure Engineering 1,990 1,975
    Telecom services 160 196
    Other services 3,813 4,005
    Total 10,234 11,080
    Personnel expenses (1,000 €) Group Parent company
    2013 2012 2013 2012
    Wages and salaries 460,870 476,443 290,037 330,945
    Pension expenses 78,910 82,121 50,418 57,579
    Other social expenses 31,548 32,396 18,432 21,006
    Personnel expenses in the P&L account 571,328 590,960 358,888 409,530
    Management remuneration
    (1,000 €)    		 Group Parent company
    2013 2012 2012 2012
    Presidents 1,820 1,288 807 455
    Members of Boards of Directors 291 285 291 285
    Supervisory Board 79 55 79 55
    Total 2,190 1,628 1,177 795
    The retirement age for the President and CEO of VR-Group Ltd is 63 years. The President and CEO has an additional personal pension insurance of € 9,604.50 paid by the employer that includes life insurance in case of death.