Release
For publication March 9, 2009
CORRECTION 2:
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 9.3.2009. Corrections have been made
to: Consolidated statement of cash flows (Municipality Finance group), Notes to
balance sheet (Municipality Finance group) and Notes to Balance sheet (parent
company). The corrected Annual Report 2008 is now available at www.munifin.fi.
Corrections are specified below:
Consolidated statement of cash flows (Municipality Finance group), page 29,
missing text added.
Notes to balance sheet (Municipality Finance group), page 38, Debt securities,
two missing lines from the table added.
Notes to Balance sheet (parent company), page 53, Debt securities, missing text
added.
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.
