1. Aalto University Student Union Financial Statements 2015 Council meeting 14.04.2016

2. Structure of Financial Statements Financial statements 2015 Operational review Income statement of Student Union Balance sheet of Student Union Group income statement Group balance sheet Notes Signature (board and auditor) Auditor’s report

3. FS process Financial statements 2015 Board presentation, approval, signing 1.4. Auditor’s report 4.4. Financial Committee 13.4. approval Council meeting 14.4.

4. 2015 year in nutshell (group figures) Financial statements 2015 Group income total 15,6 m€ (year 2014 total 19,2 m€) – Rent income 12,1 m€ (11,8 m€) – Membership fees 0,9 m€ (0,8 m€) – Gross return on investments total 1,9 m€ (5,8 m€) – Other income 0,7 m€ ( 0,7 m€) Group balance sheet 31.12.2015 total 112 m€ – Real estate 75 m€, 67 % of balance sheet – Financial investments 35 m€ Personnel – Average amount of personnel 39 (41) – Personnel costs total 1,7 m€ (1,8 m€)

5. 2015 Operational review Financial statements 2015 Operational review includes issues like – Developing Otaniemi area and Aalto campus area – Cooperation with university – National advocacy – Community development – Property case

6. 2015 structure of income statement Financial statements 2015 Operations – Student activities Student services AYY-Palvelu activities merged One time items merged – Real estate property Companies merged – Support activities Housing service Finance Financing (membership fees) Financial investment activies – Real estate investments – Financial investments

7. 2015 Financial review Financial statements 2015 Financial review – Group structure 13 fully owned companies, 4 subsidiries Profit effect from subsidiries is small due to depriciations and provisions Group balance sheet + 40 % compared to AYY balance sheet – Student activities Costs in total 2980 t€ (3 414 t€) (include allowances, grants and depreciation) Income in total 700 t€ (705 t€), include income from AYY palvelu Membership fees 850 t€ (839 t€) – Real estate – student rentals Income 12 125 t€ (11 835 t€) Costs 10 891 t€ (10 680 t€)

8. 2015 Financial review Financial statements 2015 Financial review – Financing Debt total 60 395 t€ (58 014t€) Equity total 47 672 t€, which is 42 % of the balance sheet total – Investments Return on real estate investments - 66 t€ (3 613 t€) Return on financial investments 1 140 t€ (1 410 t€) – Result of the year AYY result was + 146 t€ before the transfers to funds (+ 82 t€) AYY balance sheet amount 80 098 t€ Group result +461t€ before the transfers to funds (+3 943 t€) Group balance sheet amount 111 797 t€

9. AYY Group 2015 Financial statements 2015 Profit from selling Dipoli

10. 2014 Financial review Financial statements 2015 Housing – Decrease in rents due to restructuring Total impact – 240 t€ Otaniemi JMT1 restructuring – Increase in depriciations Total impact 437 t€ New house OTK 18, and JMT1 – Other changes in costs Lower interest costs, 91 t€

11. 2014 Financial review Financial statements 2015 Investments – Real estate investments, profit -66 t€ (3613 t€ year -14) No rents from Malmintori real estate – Financial investments, profit 1140 t€ (1410 t€ year -14) Turbulent market situation

12. AYY operations 2015 Financial statements 2015

13. Auditors’ remarks Financial statements 2015 – Scope Student Union and all its fully owned companies revised – Remarks All the needed changes done No cost reserve need to be done for Otaniemi shelter – Auditor’s report so called clean report – everything ok