Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Innohme Oy AGM 2016

No description

Tuomas Tahvanainen

on 13 February 2017

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Innohme Oy AGM 2016

Innohome Oy
AGM 2016

Profit and loss
Gross Margin
1. Opening the meeting
2. Election of Chairman and Secretary and approval of the agenda
3. Appointment of persons to sign the minutes and supervisors for counting the votes
4. Establishing the legality of the meeting
5. Stating presence and approving the list of votes
6. Business Review by the CEO
7. Presenting Financial Statements and Auditors Report 2015
8. Adoption of the Financial Statements
9. Resolution on use of the profit
10. Resolution on the discharge of the members of the Board and the CEO
11. Resolution on the number of members in the Board of Directors
12. Election of member of the Board of Directors
13. Resolution on the remuneration for the members of the Board
14. Other topics
15. Closing the meeting
Financial Statements
Finnish Accounting Act changed in beginning of 2016
Financial Statements prepared under new regulation of the information presented in the Financial Statements in small and micro enterprise
No major changes to Innohome Financial statements
Revenue growth 30 % from previous year 3,6M€
Budgeted growth not reached ->
Delay in DIY and new product generations
Company continued to invest into R&D operation
Number of new products out to markets in 2016
Norway, other Nordics, UK, Germany, US + DIY
Team growth from 6 to 11 persons new recruitment to R&D
Recorded 8 different patent applications under process in 2015
Continued investments low revenue growth drove result to loss 55K€
Total 3 624K€ (5 000K€)
Delay with DIY product line -525K€
UK delayed -400K€
Germany delayed -410K€
Fin and Swe disapointments -300K€
Norway exceeded goals +325K€
Gross margin 1 899K€ (52.4 %)
Returns and product warranties -1.0 %
Write offs from inventory and repairs -0.1 %
Delay with new product generation
SE1000 launched in Nov 2016
Q4 2015 GM % already 55.4 %
Q1 2016 GM % continued to increase 56.4 %
Financial items
Income 17K€
From deposits 16.5K€
Other 0.5K€
Costs 20K€
From funds 16K€ (deposits)
Tekes loans 2K€
Other bank 2K€
Balance sheet
Last year of development expenses 2016
Patent application 18K€ (total 8 applications)
R&D machinery 43K€
Moulds for manufacturing 27K€
Peak in sales receivables; launch of new product generation
Interest fund and deposit returned in Q1 2016
Tekes Capital loans 102K€ paid off 2016
Notes for Statements
No major changes
Less information about principles and methods
New law
Continued detailed presentation demanded from larger enterprises
Full transcript