15. SUBSIDIARY COMPANIES
The Group’s parent and subsidiary relationships are as follows: Holding, % Share of votes, %
Company Finland 2015 2014 2015 2014
Parent company Alma Media Corporation Finland
Alma Career Oy Finland 83.34 85.00 83.34 85.00
Alma Manu Oy Finland 100.00 100.00 100.00 100.00
Alma Media Kustannus Oy Finland 100.00 100.00 100.00 100.00
Alma Media Suomi Oy Finland 100.00 100.00 100.00 100.00
Alma Mediapartners Oy Finland 65.00 65.00 65.00 65.00
Autosofta Oy, Helsinki Finland 65.00 65.00
CV-Online Estonia OÜ Estonia 83.34 85.00 83.34 85.00
Dagens Media Sverige AB Sweden 100.00 100.00
Edlegio AB Sweden 70.00 70.00
Expose Oy Finland 100.00 100.00
FYI Business Events Oy Finland 100.00 100.00
FYI Events Denmark ApS Denmark 100.00 100.00
Karenstock Oy Finland 100.00 100.00 100.00 100.00
Kauppalehti Oy Finland 100.00 100.00 100.00 100.00
Kotikokki.net Oy Finland 65.00 65.00 65.00 65.00
LMC s.r.o Czech Republic 83.34 85.00 83.34 85.00
Michelsson Sales Consulting Oy Finland 100.00 100.00
Monster Worldwide CZ s.r.o. Czech Republic 83.34 85.00 83.34 85.00
Monster Magyarorszag Kft Hungary 83.34 85.00 83.34 85.00
Monster Worldwide Polska SP. Z.o.o. Poland 83.34 85.00 83.34 85.00
Müügimeistrite A/S Estonia 92.00 92.00
Ny Teknik Holding AB Sweden 100.00 100.00
Objektvision AB Sweden 100.00 100.00 100.00 100.00
Profesia s.r.o Slovakia 83.34 85.00 83.34 85.00
Profesia s.r.o Czech Republic 83.34 85.00 83.34 85.00
SIA CV-Online Latvia Latvia 83.34 85.00 83.34 85.00
Suoramarkkinointi Mega Oy Finland 100.00 100.00
Talentum Business Information Group AB Sweden 100.00 100.00
Talentum Events AB Sweden 100.00 100.00
Talentum Events Oy Finland 100.00 100.00
Talentum Media AB Sweden 100.00 100.00
Talentum Media Oy Finland 100.00 100.00
Talentum Oyj Finland 100.00 32.14 100.00 32.14
Talentum Sales AB Sweden 100.00 100.00
Talentum Sweden AB Sweden 100.00 100.00
TAU On-line d.o.o Croatia 83.34 85.00 83.34 85.00
Telemarket SIA Latvia 96.00 96.00
UAB CV-Online LT Lithuania 83.34 85.00 83.34 85.00
The business combination agreement between Alma Media Corporation and Talentum Corporation was realised on 17 November 2015, from which time Talentum has been part of Alma Media Group. In addition, the Group sold a 1.66% share in the Alma Career sub-group’s companies: CV Online Estonia OÜ, LMC s.r.o, Monster Worldwide CZ s.r.o., Monster Magyarrorszag Kft, Monster Worldwide Polska SP. Z.o.o., Profesia s.r.o, SIA CV-Online Latvia, TAU On-line d.o.o, UAB CV-Online LT.
Subsidiaries sold during the period: 2015 2014
Alma 360 Oy Finland 100.00 100.00
Subsidiaries merged with other Group companies during the period: 2015 2014
Alkali Oy Finland
JM Tieto Oy Finland
CV Online Holding OÜ Estonia
Itemisation of significant non-controlling interests in the Group:
Holding, % *)
Subsidiary Finland 2015 2014
Alma Career Oy sub-group Finland 16.66 15.00
Alma Mediapartners Oy sub-group Finland 35.00 35.00
*) As the non-controlling interest’s share of votes and equity are equal, the information is not presented separately.
Summary of financial information on subsidiaries involving a significant non-controlling interest:
Alma Career sub-group Alma Mediapartners sub-group
MEUR 2015 2014 2015 2014
Current assets 31.8 22.9 2.9 3.2
Non-current assets 55.0 58.6 4.4 3.0
Current liabilities 15.6 13.4 2.1 1.6
Non-current liabilities 0.3 0.2 0.4 0.1
Revenue 45.4 37.7 13.7 13.5
Expenses 35.3 32.0 11.0 11.1
Operating profit 10.2 5.8 2.7 2.4
Share of profit allocated to parent company owners 5.8 2.9 1.4 1.2
Share of profit allocated to non-controlling interest 1.2 0.5 0.7 0.7
Dividends paid to non-controlling interest 0.8 0.2 0.6 0.5
Net cash flow from operating activities 14.2 15.1 3.5 3.2
Net cash flows from/(used in) investing activities -0.6 3.1 -1.9 -1.5
Financing activities -13.6 -12.5 -1.3 -1.7
The information from the sub-group’s financial statements is presented in the table below according to Finnish Accounting Standards (FAS), as the financial statements have not been prepared in accordance with IFRS.