Notes to the financial statements

Notes to the financial statements

35. Related party transactions
The Group's related parties consist of the parent company, subsidiaries, associates and joint ventures, as well as Elisa's Board of Directors, the CEO and the Executive Board.
The Elisa Group structure was as follows on 31 December 2016:
The parent company of the Group is Elisa Corporation.
Subsidiaries     Domicile Group's ownership,%
Anvia Hosting Oy     Vaasa 100
Anvia IT-Palvelut Oy     Vaasa 100
Anvia Telecom Oy     Vaasa 100
Anvia TV Oy     Seinäjoki 100
Ekaso Oy     Helsinki 100
Elisa Appelsiini Oy     Helsinki 100
Elisa Eesti As     Tallinn 100
Elisa Hong Kong Limited     Hong Kong 100
Elisa Videra Ltd     Helsinki 100
Elisa Videra Spain S.L     Madrid 100
Elisa Videra UK Ltd.     London 100
Videra Norge As     Oslo 100
Enia Oy     Helsinki 100
Epic TV SAS     Chamonix Mont Blanc 100
Fiaset Oy     Helsinki 100
Fonetic Oy     Jyväskylä 100
Fonum Oy     Helsinki 100
Gisforest Oy     Kajaani 100
Helsingin Netti Media Oy     Helsinki 100
JMS Group Oy     Helsinki 100
Karelsat Oy     Joensuu 100
Kiinteistö Oy Raision Luolasto     Espoo 100
Kiinteistö Oy Rinnetorppa     Kuusamo 80
Kiinteistö Oy Tapiolan Luolasto     Espoo 100
Kotkan Tietoruutu Oy     Kotka 100
Kympnet Oy     Kotka 100
Kymtel Oy     Kotka 100
LNS Kommunikation AB     Stockholm 100
Planetmedia Oy     Kotka 100
Preminet Oy     Helsinki 100
OOO LNR     St. Petersburg 100
Videra LLC     St. Petersburg 100
Sulake Corporation Oy     Helsinki 100
Habbo Hotel S.L (Spain)     Madrid 100
Sulake Brasil     Sao Paolo 100
Sulake Inc     Los Angeles 100
Sulake Suomi Oy     Helsinki 100
Sulake UK Ltd     London 100
Banana Fingers Limited     London 100
Tampereen Tietoverkko Oy     Tampere 63
Telcont Oy     Kotka 100
Watson Nordic Oy     Vaasa 100
         
Joint ventures
Kiinteistö Oy Brahenkartano     Turku 60
Associates     Domicile Group's ownership,%
FNE-Finland Oy     Kontiolahti 46
Kiinteistö Oy Helsingin Sentnerikuja 6     Helsinki 50
Kiinteistö Oy Herrainmäen Luolasto     Tampere 50
Kiinteistö Oy Lauttasaarentie 19     Helsinki 42
Kiinteistö Oy Pohjanplassi     Lapua 39
Kiinteistö Oy Riihimäen Maisterinkatu 9     Riihimäki 35
Kiinteistö Oy Runeberginkatu 43     Helsinki 30
Kiinteistö Oy Stenbäckinkatu 5     Helsinki 40
Länsilinkki Oy     Turku 20
Suomen Numerot NUMPAC Oy     Helsinki 33
Tele Scope Oy     Espoo 22
Significant changes in ownership of subsidiaries are presented in Notes 2 and 3 and changes in ownership of associates in Note 16.
Other changes in the Group structure are described below.
Arediv Oy merged into the parent company Elisa Oyj on 30 June 2016. The merger does not affect the consolidated financial statements.
One Conference Ab, the subsidiary of Elisa Videra, was liquidated on 16 August 2016. The liquidation resulted in a loss of EUR 0.2 million recorded in other operating expenses, and it removed a total of EUR 0.3 million goodwill from the Group.
Sulake Danmark ApS, the subsidiary of Sulake, was liquidated on 14 June 2016. The liquidation does not affect the consolidated financial statements.
Elisa divested its ownership in Kiinteistö Oy Kiihtelysvaaran Oravanpyörä on 12 December 2016. The divestment resulted in a loss of EUR 0.1 million.
As a part of Anvia ICT companies acquisition, Kiinteistö Oy Pohjanplassi, Länsilinkki Oy and Tele Scope Oy became associated companies of the Group.
Joint arrangements
Kiinteistö Oy Brahenkartano owns and manages a building and a site in Turku. Elisa is entitled to manage office and telecom facilities with the shares owned.
60 per cent of the assets, liabilities, income and expenses of the joint operation are consolidated to the Group's financial statements with the proportionate method.
Associates
Associated companies are consolidated in accordance with the equity method of accounting.
On 31 December 2016, the Group had no significant associated companies. On 31 December 2015, the Group had one significant associated company: Anvia Plc. Anvia Plc was consolidated as an associated company until 30 June 2016, when Elisa divested its shares as a part of the Anvia ICT companies acquisition. At the time of the divestment, the Group owned 42 (30 on 30 December 2015) per cent of all shares of Anvia Plc.
The earnings effect of the divestment, EUR +0.3 million, is included in financial income on the income statement. The company’s result accrued during the term as an associated company has been taken into account in the sales income. The Group’s share of the result of Anvia Corporation up until 30 June 2016, EUR -1.4 million, is included on the income statement under “Share of associated companies’ profit”. Dividends of EUR 2.8 million were received from Anvia Corporation during the financial period.
Elisa divested its ownership in Softera Oy on 3 February 2016. The divestment resulted in a profit of EUR 0.2 million recorded in the financial income in the income statement. The impact of the result incurred during the period of the ownership by the Group has been taken into account in the profit.
The table shows the associated companies consolidated amount of profit according to the Group's accounting principles.
Financial information of a material associate
Anvia Plc
EUR million     2016 2015
Revenue     68.1 130.7
Profit for the period     -3.4 7.4
Group's share of profit     -1.4 2.2
         
Non-current assets       117.5
Current assets       54.7
Non-current liabilities       25.4
Current liabilities       34.0
Provisions       0.2
Net assets       112.7
Group's share of net assets       33.9
Goodwill       25.9
Dividends received       -2.3
Carrying amount of Group's interest       57.5
Aggregated financial information of non-material associates

EUR million
   
2016

2015
Group's share of profit     0.0 0.1
Carrying amount of Group's interest in the associates   2.2 1.9
The Group's share of the associated companies and changes during 2015. See Note 16.
Transactions carried out with related parties:
EUR million        
2016 Sales Purchases Receivables Liabilities
Associates and joint arrangements 0.5 3.0 0.2 0.5
2015        
Associates and joint arrangements 0.4 2.7 0.8 0.3
Employee benefits to key management are presented under Note 7.

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