Geological Survey of Finland - Geologian tutkimuskeskus

Review of the financial statements
Income and expenditure statement Jan 1 – Dec 31, 2003
Deficit for the financial year totalled EUR 41.8 million, which was EUR 1.6
million more than in 2002. Operating expenses were slightly lower than in
2002. The biggest item was staff expenses, at EUR 29.8 million, or 57% of all
operating expenses. Fewer services were acquired than in 2002, they totalled
EUR 12.3 million. Acquisition of services includes EUR 4.2 million (EUR 6.0
million in 2002) spent on the deep seismic reflection sounding project covered
by debt conversion arrangements between Finland and Russia. At the same
time, income received as debt conversion is entered under extraordinary
income. More materials, supplies and goods were purchased than in the
previous year, totalling EUR 3.4 million. Travel expenses amounted to EUR
2.9 million, or EUR 0.3 million more than in 2002. Depreciations totalled EUR
2.0 million, which is slightly less than the EUR 2.1 million spent on capital
investment. Some EUR 0.8 million of capital investment was spent on the
acquisition of a research vessel, a joint project between GTK and the Finnish
Naval Research Institute.
Balance sheet, December 31, 2003
The balance sheet total was EUR 17.8 million, or EUR 4.5 million more than
a year before.
Assets
The value of fixed assets came to EUR 7.2 million, or EUR 0.9 million more
Staff in manpower years
2002 2003
Contract services 75 79
Other operations 704 680
Total budget funding 779 759
Employment funds 18 15
Other external funds 12 12
Total external funds 30 27
Grand total 809 786
Staff, costs and income by programmes in 2002 and 2003
2002 2003 2003/2002
MANPOWER YEARS (mpy) Mpy/1000 € % Mpy/1000 € % Change %
Bedrock and raw materials 426 53 418 53 -2
Land use and environment 248 30 250 32 1
Information management 135 17 118 15 -13
809 100 786 100 -3
COSTS (1 000 €)
Bedrock and raw materials 26 752 55 29 261 57 9
Land use and environment 13 328 28 13 974 27 5
Information management 8 117 17 8 106 16 -0
48 197 100 51 341 100 7
INCOME (1 000 €)
Bedrock and raw materials 5 364 62 7 794 71 45
Land use and environment 3 038 35 2 953 27 -3
Information management 269 3 272 2 1
8 671 100 11 019 100 27
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