16. HOLDINGS IN ASSOCIATED AND JOINT VENTURE COMPANIES
MEUR 2015 2014
Investments in associated companies and joint ventures
At beginning of period 25.7 25.5
Increases 0.5 0.6
Acquisitions of business operations 1.1
Decreases -20.6 -0.7
Share of results 1.6 1.7
Share of items recognised directly in associated company’s equity 0.1 -0.4
Dividends received -1.5 -1.0
Impairment -0.0
At end of period 6.8 25.7
Further information on associated companies
Alma Media Corporation and Talentum Corporation agreed on the combination of their businesses on 28 September 2015. The agreement was realised on 17 November 2015, from which time Talentum has been part of Alma Media Group. Talentum Corporation was consolidated into Alma Media’s consolidated financial statements of 31 December 2014 using the equity method, with the Group’s holding being 32.4%.
Goodwill arising from associated companies on the balance sheet on 31 December 2015 totalled MEUR 2.5 (MEUR 15.8).
Summary (100%) of associated company and joint venture totals
MEUR Digital Consumer Services Financial Media and Business Services, total Regional Media Other associated companies
Year 2015
Current assets 4.5 2.1 0.0 9.4
Non-current assets 4.1 0.0 0.3 5.7
Current liabilities 1.7 1.2 0.0 8.3
Non-current liabilities 3.1 0.2
Revenue 37.3 0.1 33.3
Profit/loss for the period 1.8 0.0 0.0 0.7
Other comprehensive income
Reconciliation between associated companies’ and joint ventures’ financial information and the balance sheet value recognised by the Group:
Associated company’s net assets 4.7 0.8 0.3 6.8
Group’s share of net assets 1.4 0.4 0.1 1.8
Goodwill 1.9 0.6
Other adjustments 0.6
Associated companies’ balance sheet value on the consolidated balance sheet 3.9 1.0 0.1 1.8
Receivables from associated companies 0.0 0.0 0.0
Owed to associated companies 0.0 0.0 0.0
Dividends received from associated company during the period 0.3 0.7 0.0 0.5
MEUR Digital Consumer Services Financial Media and Business Services, total Talentum
Oyj *)
Regional Media Other associated companies
Year 2014
Current assets 3.5 16.1 14.5 0.5 8.6
Non-current assets 3.9 37.8 37.2 0.3 6.8
Current liabilities 1.3 29.5 28.6 0.5 7.9
Non-current liabilities 3.0 4.6 4.4 0.1
Revenue 7.8 75.6 72.3 3.3 33.6
Profit/loss for the period 1.2 3.2 2.8 0.0 2.1
Other comprehensive income -1.3 -1.3
Reconciliation between the associated company’s financial information and the balance sheet value recognised by the Group:
Associated company’s net assets 4.4 19.8 18.7 0.3 7.6
Group holding % 32.4
Group’s share of net assets 1.3 6.3 6.1 0.1 2.0
Goodwill 1.9 13.8 13.4
Other adjustments 0.1 0.1 -0.0
Associated companies’ balance sheet value on the consolidated balance sheet 3.4 20.2 19.5 0.1 2.0
Receivables from associated companies
Liabilities to associated companies 0.0 0.0 0.0 0.0
Dividends and capital repayments received from associated company during the period 0.1 0.7 0.6 0.0 0.3
* Talentum Corporation is included   in Financial Media and Business Services –segment.
Associated companies Segment Holding,
%
Share of votes, %
Arena Interactive Oy Digital Consumer Services 35.00 35.00
AutoJerry Oy Digital Consumer Services 24.10 24.10
Conseco Press Financial Media and Business Services 40.00 40.00
Infostud 3 d.o.o. Digital Consumer Services 25.00 25.00
Holding Oy Visio Regional Media 24.74 24.74
Kolektiv d.o.o. Digital Consumer Services 30.00 30.00
Kytöpirtti Oy Non-allocated 43.20 43.20
Media Metrics Finland Oy Digital Consumer Services 25.00 25.00
Oy Suomen Tietotoimisto-Finska Notisbyrån Ab Non-allocated 24.07 24.07
Professio Oy Financial Media and Business Services 49.90 49.90
Rantapallo Oy Digital Consumer Services 35.00 35.00
Remonttibulevardi Oy Digital Consumer Services 30.00 30.00
Tampereen Tietoverkko Oy Non-allocated 35.14 35.14
Joint ventures Segment Holding, % Share of votes, %
Oy Mediuutiset Ab Financial Media and Business Services 50.00 50.00
The joint venture Oy Mediuutiset Ab is consolidated using the equity method.