Release
For publication March 6, 2009
CORRECTION:
Positive Result for Municipality Finance Plc
Municipality Finance Plc published 5.3.2009 its Full Financial Statements. The
related press release had a reference to Municipality Finance's Annual Report
2008. The annual report has been corrected 6.3.2009. Corrections have been made
to: Consolidated balance sheet (Municipality Finance group) and Consolidated
statement of changes in equity. The corrected Annual Report 2008 is now
available at www.munifin.fi.
Consolidated Balance Sheet (Municipality Finance Group), page 27 corrections
Equity: Fair value reserve, Retained earnings, Total equity attributable to
equity holders
Consolidated statement of changes in equity, page 30, correction, line:
Equity at December 31, 2007.
Municipality Finance Plc
Further information:
CEO Pekka Averio, tel. +358 (0)9 6803 6211, +358 (0)500 406 856
Executive Vice President Esa Kallio, tel. +358 (0)9 6803 6231, +358 (0)50 337
7953
Municipality Finance Plc is a local government credit institution owned by
Finnish municipalities and the Local Government Pensions Institution and is the
parent company of the Municipal Finance Group. The company's mission is to
ensure top-value financial services for the municipal sector, to be efficient
and to grow profitably. The Group's balance sheet totalled EUR 12,512 million
on December 31, 2008. The company offers market-based funding to municipalities
and municipal federations, to municipality-controlled entities and non-profit
housing corporations. The company's funding, which is guaranteed by the
Municipal Guarantee Board, is obtained from international capital markets and
domestic investors. Funding provided by the company goes into social and
non-profit service projects, such as schools, housing and hospitals. The Group
includes Financial Advisory Services Inspira Ltd, which offers financial
advisory services for investments, financial and asset arrangements, asset
management and various analysis services.
