No material changes occurred in Group structure during the financial year.
In addition to the parent company, the Group consisted of 201 (169) subsidiaries and 34 (31) affiliates at the end of the financial year. Subsidiaries wholly owned by the Group parent company, VVO-group plc, are VVO Kodit Oy, VVO Vuokra-asunnot Oy, VVO Vuokratalot Oy, VVO Korkotukikiinteistöt Oy and VVO Asunnot Oy, which own rental apartments; and VVO Palvelut Oy, which is in charge of invoicing for the Group's internal and external property business.
VVO-group plc also has a holding of more than 50 per cent in 2 (2) limited liability companies or real estate companies and a 50 per cent holding in SV-Asunnot Oy.
In its decision of 19 November 2013, the Administrative Court of Helsinki rejected an appeal regarding the designation of one of VVO's Group companies as a non-profit company. VVO has appealed to the Supreme Administrative Court concerning this decision by the Administrative Court of Helsinki. The procedure is ongoing.
1) Includes the parent companies of the sub-groups and other subsidiaries listed, excluding parking and maintenance companies.
2) 10 of the affiliates are subsidiaries in the remaining group.