FCG - Finnish Consulting Group€¦ · · 2015-04-232 FCG’s year 2014 • 4 FCG worldwide • 6...

FCG

ANNUAL REPORT

2014

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TABLE OF CONTENTS

2 FCG’s year 2014 • 4 FCG worldwide • 6 FCG’s Key Figures 2014 • 8 International Development Consulting • 12 Energy, Environment and Climate Change •

14 Education and Innovation Development • 16 Evaluations, Appraisals and Capacity Building • 18 Proactive Programs and Advisory Services • 20 FCG’s operations in Finland •

22 Design and Engineering • 26 Construction and Building Engineering Services • 26 Infrastructure and Urban Planning • 28 Water and Wastewater • 30 Environment and Energy • 32 Consulting Services • 34 Training

and Coaching • 36 Staff • 38 FCG’s local companies • 40 FCG’s global subsidiaries • 42 Examples of FCG’s International Projects • 62 Group Statement of Income • 63 Group

Balance Sheet • 67 Scope and Methods of Compilation of the Consolidated Financial Statements • 68 Activity Report • 72 Strategy

FCG IN BRIEF

FCG Finnish Consulting Group Ltd provides services related to the development of public services, management consulting, multi-sector training and urban planning, as well as building and renovation construction. The company’s client base consists of a wide spectrum of both private and public sector organizations. The company is owned by Kuntaliitto Holding Oy, which is part of the Association of Finnish Local and Regional Authorities.

Editor-in-chief Eeva Kokki

Editors Aija Niskanen, Pamela White

Design Taina Kytöaho

Photos Ion Comendant, Tony Hagerlund, Nicola Jones, Matti A. Kallio, Pekka Kyytinen, Markku Lempinen, Andreas Lindgren, Ville Suorsa, Jarmo Teinilä, Pamela White, Cary Wornell and FCG archive

Visualizations Chongyi Zhong and Jussi Partanen

Printed in Topnova Oy, Helsinki

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FCG’s year 2014 planning, with the private sector accounting for nearly 40% of the turnover of technical planning in 2014. Interaction with international financiers of development projects, such as ministries of foreign affairs, development banks and the EU, continued to be close.

In Finland, FCG successfully continued the development of products, services and value chains in accordance with the strategic guidelines issued by the Group’s Board of Directors. New business leads include the reinforcement of the exports of Finnish expertise, the expansion of the energy business, the development of data systems for water maintenance, the continuous strengthening of data modelling competence, and network projects associated with the upgrade of the municipal system.

FCG, together with its partners, has launched projects to export training expertise to Ecuador and Qatar. During the financial period, foreign branches associated with project operations were opened in Ecuador and Greece.

In 2014, FCG continued developing multisectoral service production into profitable and customer-oriented operations. The primary objective of the Group’s strategic leadership is to secure stable and profitable operations, while systematically renewing all business areas.

The Group’s positive result development was also affected by the adaptation of personnel resources to meet the needs prescribed by changes in the operating environment and the development of business areas.

The Group’s turnover in 2014 increased to EUR 72.2 million (70.3) and operating profit to EUR 2.4 million (1.1). Profit for the period was EUR 2.1 million in 2014 (0.7).

Development of the Group structure and servicesThe FCG Group structure remained unchanged in 2014, apart from the merger of Insinööritoimisto Asplan Oy, part of FCG from 1 October 2013, into FCG Design and Engineering Ltd on 31 March 2014.

The FCG business management system has been developed further. In Finland, the internal business structure was renewed in both the Training and the Consultation business areas. The Design and Engineering group strengthened, in particular, the Architecture and Construction, and Water and Wastewater Management areas. In terms of international operations, the aim has been to involve subsidiaries more closely as part of the Group by, for example, strengthening cooperation between service development, marketing and project administration.

FCG works closely with its customers and extensive partner network in the development of its services. In Finland, this is indicated by the transfer of paid Finnish education services of the Association of Finnish Local and Regional Authorities to FCG from the beginning of 2014. Furthermore, cooperation in the production of consultancy and training services for the needs of municipal administration has become closer with the Association of Finnish Local and Regional Authorities. In Finland FCG is now working more closely together with private sector companies in terms of energy management

Ari Kolehmainen, FCG Group CEO

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FCG worldwideFCG has a long

history of interna-tional operations:

the first project related to northern Africa and forestry

commenced in 1967. Since then there have been

over 5,000 interna-tional projects im-

plemented in more than 150 countries

worldwide.

Year 2014 was not an exception. It was the third consecutive year when the international business showed profitable growth in business volumes, totaling to almost 47% of FCG’s overall business.

FCG operated in four different continents during 2014 – Europe, Asia, Africa and South America, as well as in the Pacific – both through its foreign subsidiaries and by establishing project offices that were coordinated in the Helsinki headquarters. The biggest single subsidiary is Swedish SIPU, and daughter companies were established most recently in Greece and Ecuador. Bulgaria and New Zealand also have a steady position in the group. The strength of the Balkan area is the private sector clientele, as is the case for Estonian subsidiary FCG Invicta. In the Pacific the company successfully targeted the big projects of World Bank and Asian Development Bank. EU financing remained relevant, for instance in Turkey.

Sector-wise, FCG’s traditionally strong business areas

like water and sanitation, environment, renewable energy and natural resources management, played a strong role in international operations. The development of civil society and governance issues were also highlighted. The project types varied from design and implementation, to studies and evaluations. Global cross-cutting themes like integrated climate change adaption, gender and human rights were essential elements in all the projects. The latter was especially emphasized in the education sector projects, which were both private and publicly funded.

Distinctive for the year 2014 was that the existing businesses were not only strengthened by increasing their volumes but also boosted their operational efficiency, which helped the group to deal with the general economic downturn and declining market situation in Europe. The fiscal year 2015 will bring in needed renewal by, for example, accelerating the operations in focal points like Ukraine.

On the left corner: Ministry for Foreign Affairs is one of FCG’s biggest clients. Pekka Puustinen, Director General of the Department for Development Policy of the MFA together with Anette Vaini-Antila and Auli Keinänen from FCG.

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Anette Vaini-Antila, FCG International

1,000 € %

FCG’s Key Figures 2014

-4%

-2%

20

40

60

2010 2011 2012 2013 2014

2%

4%

6%

8%80

Turnover (€ 1,000) and profit (%) in 2014

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Key figures of business operations and the financial position and result

FCG Group 2014 2013 2012Turnover, €m 72.2 70.3 66.5Operating profit (loss), €m 2.4 1.1 0.6Operating profit, % of turnover

3.3

1.6

0.8

Return on equity, % 9.5 3.3 2.0Equity ratio, % 62.8 61.6 59.5

Training and Consulting 45%

Infrastructure and Building Construction

18%

Water and Environment

37%

Turnover by sector in 2014

Turnover by market region in 2014

Europe 73%

Turnover by market region, M€

FCG Group 2014 2013Europe 52.8 53,7Asia and Oceania 8.2 8,0Africa 11.1 8,0Latin America < 1 0,5North America and the Caribbean

< 1 < 1

Total 72,2 70,3

Turnover by sector, M€

FCG Group 2014 2013Training and consulting 32.6 33.5Infrastructure and building construction

13.2 13.2

Water and environment 26.4 23.5Total 72.2 70.3

Africa 16%

Asia and Oceania 11%

Latin America <1%

North America and the Caribbean <1%

The project area was the Dharan-Biratnagar industrial corridor and it covered mainly urban parts of Sunsari and Morang districts. In the next phase (2008–2011) the project area was extended to four other districts in the south-east corner of Nepal. Over the years much institutional development and training has taken place at the local level (District Development Councils, municipalities, Village Development Councils).

During 2012–2014 (completion phase) the project had an extended emphasis on enforcement of environmental legislation and regulations in cooperation with national level ministries. Industrial pollution control was one of the main targets of the project, while a model municipality ‘Green city’ and six model VDCs were chosen to be supported intensively for more tangible and verified results. The Project also favoured green economy activities by supporting communities and tea farmers in organic farming. The project supported the overall environmental administration and management through its interventions.

International Development ConsultingDevelopment Consulting comprises 90% of the services of FCG’s International operations and it covers the entire project cycle, including identifications and preparations, reviews and evaluations, and long-term implementation projects mainly in Asia, Africa and Latin America. The projects are financed by organizations such as the Ministry for Foreign Affairs of Finland, European Commission, the Asian Development Bank and the World Bank. A typical client is a sectoral ministry of the beneficiary country.

Environmental and natural resources management in NepalA 13-year environmental project in Nepal has been successfully completed. FCG and Finnish Environment Institute (SYKE) have implemented the SEAM Nepal project since 2001.

In the first phase (2001–2007) the project developed a model for local level environmental administration for Nepal.

Quotation of Mr Rama Nanda Kurmi, the Regional Director of the Department of Agriculturein far west region:“Rural Village Water Resources Management Project has maintained extraordinary collaboration with the GoN line agencies with due respect in terms of joint planning, resources sharing, monitoring and coordination, which is a great lesson for others. Throughout 33 years of my working experiences with development agencies, I have rarely experienced this combination.”

Rural water sector consulting in NepalAccess to clean water and sanitation is a basic human right. During 2014 FCG implemented in tandem the two long term Finnish funded water projects in Nepal – the Rural Water Supply and Sanitation Project – Western Nepal and the Rural Village Water Resources Management Project. These projects continue a long history of FCG operations in Nepal, with uninterrupted water and sanitation activities since 1990.

RWSSP-WN in western Nepal works to ensure the poorest and excluded households’ rights to access safe and sustainable domestic water, good health and hygiene. As this is the completion phase we focus on development of sustainable systems, strong ownership and management skills, in 14 districts. RVWRMP in far west Nepal supports comprehensive rural development through a water lens. This includes constructing gravity fed water supply for some 95,000 households; training provided for home gardens in approximately 30,000 house-holds so far in order to improve food security; and bringing electricity to homes by constructing 123 micro hydro schemes.

A common thread is that we aim to ‘reach the unreached’ – supporting the right of all households and individuals to achieve a basic level of service, including the very poor, lower castes and ethnic minorities, and women. FCG’s long association with Nepal, combined with our highly skilled staff (some of whom have worked with us for more than 20 years), mean that we can build on our experiences for great results.

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Auli Keinänen, FCG International

Agriculture competitiveness enhancement in Samoa

The Samoa Agriculture Competitiveness Enhancement Project is supported by the World Bank and is being implemented from 2012 to 2017. The objective is to support fruit and vegetable growers and livestock producers to improve productivity and take greater advantage of market opportunities. A key feature of the project is provision of a competitive matching grants scheme for 1,500 commercial based on approved business plans totalling about US$2.9 million.

The task of FCG ANDZDEC is to recruit and manage consultants to support the Ministry of Agriculture and Fisheries to implement the project. In December 2014, FCG ANZDEC supported the Ministry of Agriculture and Fisheries to import a consignment of 110 sheep from Fiji. The breed was specially selected for high fertility potential, tolerance to heat, self-shedding and ability to survive well under low nutrition conditions. This recent arrival of sheep is expected to triple sheep numbers from the present 700 to more than 3,000 in the next decade. The move is a major boost for Samoa’s fledgling sheep industry. Despite being a major consumer of meat products, approximately 60% of the meat in Samoa is imported.

Camiguin coastal resource management in PhilippinesFCG ANZDEC and the Coastal Conservation and Education Foundation have completed the Camiguin Coastal Resources Management Project (Phase 2) in the Philippines, funded by the New Zealand Aid Programme (2012–2014). One of the activities was establishment and capacity building of conservation-based enterprises – facilitation of commercial activities that generate economic benefits in a way that supports the accomplishment of a conservation objective.

The strategy of this project was to seek ways of introducing commercial incentives to encourage the users of natural resources in five municipalities in Camiguin to take an active part in their sustainable utilization and management. The project’s goal was to establish one conservation enterprise per municipality.

Many activities were undertaken to promote ecotourism and sustainable livelihoods support, including snorkelling and reef guide training. Ecotourism Support Service Enterprise of Catarman has been offering snorkelling services since October 2013 while the tourism facility was still incomplete. Training was provided to fishermen and their families in reef interpretation and guiding. A total of 15 fisherfolk (12 men, three women) were trained. Snorkelling activities were also promoted by brochures to entice more visitors to the facility.

The project’s focus on developing long-term, sustainable solutions for livestock sector challenges is a first for Samoa, and will prove crucial to improving future stock bloodlines, a World Bank media release says. In addition to the breeding program, the project will provide training to encourage better husbandry practices and stock management. The introduction of new field slaughter facilities in Upolu and Savai’i will also facilitate improvements in the quality, hygiene and competitiveness of Samoan meat.

Greek Forest Mapping ProjectFCG is implementing a project of Development of Forest Maps in Magnissia, in the Thessaly Region of Greece, working with kartECO G.P. and the Aristotle University of Thessaloniki. kartEco specializes in environment and energy sector services. The project is implemented in 2014–2015, with a tight schedule. The financier is the European Regional Development Fund, via the National Cadastre & Mapping Agency of Greece.

The project aims to develop forest maps for the protection of forests and forestlands, as well as to complete cadastral procedures for the National Cadastre project. There is an interesting historical perspective, following the changes in forest cover. The tasks include identification of areas covered with forest vegetation, today and/or in the past, and the geocoding of such areas, using them to then develop forest maps. The vegetation status in the past is investigated using historical aerial photos, mainly captured in 1945/1960. This is compared to the current state of forests and forestlands, by the interpretation of aerial photos captured during the period 2007–2009 and validated through field surveys.

The overall objectives include the environmental protection of forests, forestlands and grasslands/meadows and improved titling. The project contributes to a wider programme on Greek forest inventory.

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Jorma Peltonen, FCG International

Energy, Environment and Climate Changepromote renewable energy (RE) and energy efficiency (EE) in the programmes’ target countries. EEPs provide grants for developing, piloting and scaling up inclusive business models and sustainable investments in renewable energy. During 2014, FCG supported the implementation of two EEP Programmes, in Indonesia and the Mekong region.

Bioenergy in IndonesiaEEP Indonesia ran from April 2011 to December 2014. This program worked at the central level in Jakarta and in two defined target provinces (Central Kalimantan & Riau). EEP Indonesia financed 20 bioenergy-related projects covering seven industrial/ commercial bioenergy applications, seven community based initiatives and six projects focusing on institutional capacity building and training programs. Among other things, EEP Indonesia financed investments in bioenergy

power plants up to 20 MW and energy access to 80 villages (95,000 people). Additionally, when all the investments designed during the program have been completed and taken into use, greenhouse gas emissions of around 1,411,800 tonnes CO2 per year in total will be avoided.

Mekong Energy SolutionsEEP Mekong covered four countries, Cambodia, Lao PDR, Thailand and Vietnam (and preparations began for Myanmar to participate). By the end of 2014, altogether 31 projects (26 on renewable energy; three on waste-to-energy; and two on energy efficiency) were completed in four countries within the EEP Programme, with total disbursements of 4.45 million EUR. 42% of the projects were assessed to have potential for scale-up for commercial operations. There were almost 55,000 beneficiaries of the Programme. The programme organised regional fora on renewable energy, its financing

The Energy and Environment sector in FCG International includes renewable energy and energy efficiency, sustainable natural resources management and nature conservation, and combating climate change.

FCG has a leading role in Finland in designing Wind Mill Parks and is selling this knowledge to overseas markets. Additionally, FCG conducts environmental impact assessments, feasibility studies, zoning and technical design, including for waste water treatment, sanitary landfills and landfill gas power plants. Internationally FCG has significant experience in sustainable energy services and a variety of renewable energy and energy efficiency projects, implemented particularly in Asia. Personal contacts of the FCG experts with the local actors of the RE sector worldwide complement this experience.

Environment and Energy Partnership (EEP) programmes are financed by the MFA Finland and support wider access to modern energy services, combat climate change, and

and policies in partner countries, and workshops for project potential developers.

Nepal Climate Fund REFELIn 2014, FCG completed a renewable energy project in far west Nepal – Promoting Renewable Energy Technologies for Enhanced Rural Livelihoods (REFEL). Most rural households in the region don’t have access to electricity, so alternative sources can make a big impact on their quality of life, health, time savings and household incomes. The project, with funding from the Nordic Climate Fund, operated alongside the Finnish-funded WASH project. It included construction of 6073 improved cooking stoves; 151 improved water mills and six hydraulic ram water pumps. There was a considerable impact on the environment, with an estimated 40% less firewood used, and CO2e emissions are reduced by 17,000 t/a. The project also benefitted women by decreasing work loads.

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FCG supporting Educational Development in Saudi ArabiaFCG International has collaborated with Naba Education Co. to develop the pedagogical system of Al Manahij Schools in Riyadh, Saudi Arabia. The FCG expert team supported various activities geared to enhance the quality of education in Naba Schools.

Based on the recommendations of FCG expert team important areas for future educational development include the development of teachers’ pedagogical competencies

Education and Innovation Development

sector professionals for the well-being of Ecuadorian children and youth.

The Ecuador-Finland Education Programme aims at developing education in Ecuador through strengthening early childhood education, teachers’ professional development in basic education, and establishment of regional teacher training centres. The aim of the on-going preparatory phase is to launch a three-year programme which will enable long-term development of selected thematic areas according to the strategic priorities of the Ecuadorian Government. The focus areas of the programme include early childhood education and development, teachers’ in-service training, establishment of regional teacher training centres and practice schools, and university level study and research collaboration with Finland.

FCG’s Finnish partners in the programme implementation include the universities of Helsinki, Oulu and Eastern Finland.

For FCG, the year 2014 was active in education sector and the marketing efforts of the previous years in the Gulf Region and Ecuador have started to bring results.

Ecuador–Finland Education Programme: Learning Path Approach

FCG International has initiated collaboration with the Ministry of Education of Ecuador for programme planning of the Ecuador-Finland Education Programme: Learning Path Approach (see photos). Education is recognized as one of the keys to success in the Government of Ecuador’s National Plan for the years 2013 to 2017, and FCG is working together with the Ministry of Education of Ecuador to strengthen the capacity of education

through continuous training; the development of schools’ learning environments to meet the needs of teaching and learning 21st century skills; and the engagement of parents to be part of the development of policies and strategies of the schools of their children.

Further future collaboration between FCG and Naba Education Co. is being planned and includes broader future engagement of FCG International and FCG Design and Engineering, based on the initial Memorandum of Understanding with FCG Finnish Consulting Group signed in June 2013.

Evaluations, Appraisals and Capacity BuildingFCG is increasingly focusing on extending the know-how and resources to carry out high level evaluations to the requirements of different financiers.

Evaluating higher education capacity building in developing countriesFCG finalized in 2014 evaluation of Finland’s two main cooperation instruments in higher education in developing countries. The programs, financed by the Ministry for Foreign Affairs, are the North-South-South (NSS) programme and the Higher Education Institutions Institutional Cooperation Instrument (HEI ICI).

Since 2004, NSS has promoted higher education mobility and networking in order to enhance human capacity in developing countries. With a view to enhance institutional capacity, HEI ICI has promoted collaboration between Finnish and developing country higher education institutions since 2009, mainly on governance, teaching and learning issues. Our evaluation covered 17 countries worldwide – with in-depth field visits to Kenya, South Africa and Vietnam – as well as conducting an extensive document review, quantitative analysis and an international benchmarking exercise.

The FCG evaluation recommended measures to increase synergies for higher education capacity building and to foster comprehensive and sustainable institutional capacity building in developing countries.

FCG SIPU supports cooperation to promote women’s rights and gender equalityFCG’s Swedish subsidiary SIPU implemented the International Training Programme ‘Human Rights Towards Gender Equality’ (funded by SIDA). The ITP was designed to strengthen the capacity of decision-making bodies, institutions and civil society organisations in the field of human rights and gender equality. The objective was to provide increased knowledge and build capacity though scheduled training events and support to the participating organisation’s projects.

Each participant in the Training Programme implements a project for change in her/his organisation during the Training Programme, and receive training and coaching to develop it further. The programme serves the threefold purpose of enabling the participants to acquire an understanding of human rights and gender equality issues, to be able to implement a project for change in regard to human rights and gender equality, and to acquire a network for dialogue and interchange of experiences between the participants.

Over 200 institutional change projects were supported

and 63 national, regional and international workshops were organised. 225 participants and several of their managers have attended all, or some of the workshops, creating a natural platform for networking and a forum for exchange of experience.

Land Administration Impact Evaluation in CambodiaThe Finnish government has supported the land administration processes in Cambodia for 16 years (1997–2013), with four separate programs and intervention modalities. Activities have included cadastral surveying and mapping, land registration and capacity building, land policy and legislation development, land evaluation and land titling services. FCG carried out a complex impact evaluation (2014–15), with a lot of documentation to review, many stakeholders to consult and a long time frame to evaluate. The aim was to examine the overall impact of support to the sector, as well as typical evaluation issues such as effectiveness, efficiency and relevance, and to make recommendations regarding potential future support to the land sector.

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On the left: School children’s demonstration for Human Rights in Boloso Bombe district in Wolyta Zone, Ethiopia. On the right: Participants of the International training programme Human Rights Towards Gender Equality.

Proactive Programs and Advisory Services

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Mikko Kurvi, FCG International

Regional Support Programs in Belorussia FCG was appointed for the Corporate Development and City/Regions Support Program of Vitebsk, Brest, Grodno, Baranovichi and Slonim in Belorussia. This project started in July 2014, and is part of the larger Municipal Environmental Infrastructure Framework Facility Project, financed by the European Bank for Reconstruction and Development (EBRD) and NIB. The project works to improve the performance of wastewater treatment companies. In the program FCG supports companies to improve their commercial standing, service and environmental and social performance. This includes financial and operational performance improvements, development of a Medium-Term Corporate Development Plan, and implementing a capacity building programme. In the City/Regions Support Program FCG focuses on developing project implementation support agreements, which will be key components of the financial structure for the proposed projects in the cities; and training provision for financial planning, thereby improving their creditworthiness.

In 2014, the Proactive Programs and Advisory Services (PPA) business unit’s consultation work has focused on advising companies, financiers and countries in transition on investments in new emerging markets. The privatization of municipal entities and inter-municipal cooperation were also significant features of 2014.

PPA shifted its focus from Russia (due to financial constraints there) to other CIS countries and South-East Asia. We implemented projects in Ukraine, Vietnam and Belorussia; and assisted foreign companies to invest in Finland, as well as assisting Finnish companies with export activities. These areas of activities will continue to be the unit’s priorities in 2015.

FCG continued the development of the concept of the Mobile Health Clinic (MHC). This concept offers great possibilities by organizing health care services in purpose-built buses that reach people living in remote regions. The content and concept of the MHC bus can be modified according to the needs of a client. Mobile Health Clinics has received global recognition in countries such as China, UAE, Baltic Countries and Russia. The concept is easily adjustable for crises area uses as well.

Supporting Water Sector Reform in PalestineFCG provided advisory services to the Palestinian Water Authority (PWA) in the implementation of Sector Reform Processes that aim to update water supply, sanitation and water resources management strategies, to support more effective infrastructure development, improved service provision, and sustainable resource management. This project also included

capacity development to support PWA in the implementation of strategies and action plans. It was successfully completed in November 2014.

Developing Water and Wastewater Utilities in UkraineFCG completed a corporate development and capacity building project in the municipalities of Boryspil, Chernihiv, Ivano, Kolomyia and Kremenchuk in Ukraine. In addition to elaboration of well-defined corporate and financial management procedures this project included planning of technical reforms aimed at modernizing utility management, budgeting and planning, asset management, human resource management and financial performance of the target utilities.

Planning Yerevan Metro Rehabilitation in ArmeniaFCG provided competency development services related to environmental, health, safety and social management planning to the Republic of Armenia and Karen Demirchyan Yerevan Metro Company CJSC (Yerevan Metro Company). The metro company has begun a project of metro tunnel rehabilitation and extension, and competency development (such as metro drivers training and fire protection). The metro company finances the project with the loans obtained from the European Bank for Reconstruction and Development and the European Investment Bank, and a grant from the European Union Neighbourhood Investment Facility.

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FCG’s Operations in FinlandFCG is a multi-sector training, consultancy and planning

company whose roots are in the reconstruction of post-war Finland. FCG celebrated 65 years of business operations in 2014. Maaseudun keskusrakennustoimisto, or MKR for short, was established in 1949. It was the predecessor of FCG’s current planning expertise, which is represented in Finland by FCG Design and Engineering Ltd.

Over the years, the Group’s operations have expanded and become more international. The Group companies started their first international development consultancy projects in the late 1960s. Now, almost half of the Group’s business comes from international operations.

FCG Group’s business operations are divided into four business areas that support one another:

– FCG Consulting – FCG Training– FCG Design and Engineering– FCG International

In Finland, FCG operates in 11 localities, and internation-ally in practically all continents. Three quarters of its customers come from the public sector and one quarter from the private sector. To give an idea of the extent of operations, every year the Group companies implement thousands of projects for FCG’s customers. In 2014, there were about 6,700 projects in all.

A picture taken in 1957 at the farewell party of Fabian Ahvenainen, the first CEO of the Maaseudun Keskus-rakennustoimisto, the early predecessor of FCG Design and Engineering Ltd.

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Design and EngineeringFCG’s comprehensive range of services related to

planning and engineering covers community planning, housing construction and renovation, water supply engineering and environmental consultancy. Last year, the company’s expertise was enhanced in construction and building services engineering, where the new expertise sector of healthy building and indoor air started; as well as in water supply, which was organised as a separate business sector. The design and engineering business also includes sectors concentrating on infrastructure and urban planning and environment and energy consulting. Each of these four sectors includes several business units.

The engineering business has more employees than any other business in FCG, and besides Helsinki, they are stationed in ten regional offices around Finland. In projects, the personnel cooperates in networks across the business in

order to ensure that the customer can benefit from the best possible expertise. The employees are systematically trained, and in addition to supplementary professional training, the employees are provided with comprehensive training in new methods, regulations governing the engineering business, and in design software. Our designers have the qualifications and certificates required for engineering work and for working on sites.

In addition to permanent staff, we also provide students with opportunities to produce their master’s theses or final projects, and to have practical training. These students later continue working with FCG almost without exception.

FCG’s engineering business works in close cooperation with customers and our nationwide network of experts. Data modelling is utilised in design projects whenever appropriate.

Jani Sillanpää, Timo Lempinen, Jari Elo,Jari Marttinen and Juha Pahnila, the Management

team of FCG Design and Engineering.

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Construction and Building Engineering Services

FCG’s architectural design concentrates on designing public buildings and planning renovation projects. Recently, the share of housing projects, and projects for planning their intended use, has also increased. Alongside traditional architectural design, we also provide interior design services, where expertise related to service design is emphasised. The building systems sector produces services related to the design of HPAC and electricity systems for buildings. The acquisition of Insinööritoimisto Asplan Oy has particularly strengthened FCG’s design competence related to the use of new energy sources, such as geothermal energy, biofuels and hybrid energy forms. These environmentally friendly and renewable forms of energy can be utilised both in new buildings and in renovation projects.

Structural design has been an essential part of FCG’s consultancy competence right from the beginning. This competence is required in multi-disciplinary design projects which involve, besides building design, also public utilities and energy technology.

FCG also provides its customers with services related to property development and supervision of construction projects. Typical property development sites include schools, water supply and sewage networks, reconditioning of water and sewage pipes in buildings, as well as property development and supervision projects regarding wind power parks.

The FCG Architects team, combining experts from different sectors of FCG, was also launched in 2014. The team has expertise in urban development, building and interior design, land use and landscaping.

Kuntatalo in Helsinki is one of the renovation and service design projects of FCG.

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Consultancy regarding land use and planning are areas of strong expertise for FCG, creating the basis for other community planning. The activities cover land use planning from strategies to urban architecture and various development scenarios of community planning. FCG’s urban development work is based on nationwide land use objectives, and it is closely linked to the needs and development prospects of business life, land use and traffic. The currently topical themes in urban development are the development and consolidation of urban centres and supplementary building. Wind power projects are also keeping the town planning departments busy.

In Municipal Engineering, the objective is to produce high-quality, safe solutions to ensure smooth traffic and movement, even in demanding conditions. FCG’s competence in this field covers street and area technology, street and traffic engineering, as well as general and building design services for public utilities. Besides urban planning, the expertise in this sector has been particularly in demand in wind power park design projects.

FCG’s Landscape Architecture expertise extensively covers, besides landscape surveys, general and implementation planning also. The activities are typically associated with other sectors’ design projects, and this competence is required for example in wind power projects, street and area building projects of towns, as well as in park design and rainwater and melt water projects. FCG has particular expertise in natural landscape planning; these projects have concentrated in the metropolitan area. Ecological planning expertise is required for example when planning green areas requiring natural management of rainwater and melting water and when planning sites requiring natural building work.

FCG’s Geotechnical Engineering competence includes investigations regarding the method of laying foundations

for building and plant structures, such as bio-refineries and wind power plants, and infrastructure projects; as well as joint projects with different sectors, including stability and sagging analyses, dimensioning of supporting walls and excavations, area planning and general, construction and reconditioning planning for sports venues and physical exercise areas.

The Geotechnical Field Engineering sector produces site investigations, such as measurements and soil analyses, for FCG’s customers. Groundwater surveys and the installation of groundwater and porous water pipes using heavy drill units and multi-purpose bores make up a significant part of all assignments. In addition, the sector produces terrain model measurements for the planning of infrastructure sites.

The design services of the Ports and Fairways sector cover the general and structural design of waterways, ports, pier structures and water constructions, application plans and expert surveys pertaining to the Water Act, acoustic surveys for water areas, and national dredging in sea and lake areas. In waterway design and surveys, for example in projects of the Finnish Transport Agency and merchant shipping harbours, we provide a package of services - producing preliminary and general route plans, supplementary survey programmes, waterway surveys and measurements, and preparing on their basis documents related to the route decision.

Mechanical dragging of navigation channels, side scan sonar measurements, reflection seismic measurements, low frequency and multiple beam measurements and pier condition surveys were made during the survey season of 2014. FCG also commissioned its new survey vessel m/s Nordic Sonar and the mechanical bar dredging equipment installed on it. During its first survey season, the vessel operated both in the Eastern Gulf of Finland and the Bay of Bothnia.

Infrastructure and Urban Planning

Two visualizations of Tapiola Central Ice Park. FCG was responsible for the structural design and construction management.

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FCG is among the top organisations in Finland regarding expertise and diversity of services related to water supply design. FCG’s water supply competence covers the entire needs of the field of water and wastewater engineering regarding design, expert, survey and property development services and commissioning.

During 2014, this traditionally strong area of expertise for FCG was separated into its own business sector. The competence cornerstones of the sector include treatment plant design as well as network design and stormwater and melting water planning. Other areas of special competence are water supply automation design, modelling competence and information systems. The comprehensive water supply service chain provided by FCG strongly utilises the services of FCG’s other sectors also. This provides the customer with a comprehensive turnkey service.

FCG is the top name in water supply network modelling and in intelligent solutions based on it. The FCGsmart systems development team combines FCG’s multi-disciplinary

Water and Wastewaterexpertise, scientific research, long experience in application development, and the latest expertise in software technology. The Smart Water technology involves intelligent utilisation and analysis of various sources of data which help enhance or automate the entire water supply chain from water sourcing to waste water treatment.

FCGsmart applications can be used for improving the efficiency of energy usage, decreasing leakages, improving water quality and for forecasting and preventing system malfunctions. The rapid development of information and telecom technologies as well as measurement and modelling systems have created new possibilities for integrating the data and information models of different systems so that new control systems can be implemented without major investments. In addition, the various Web and mobile solutions provide novel possibilities for collecting sharing, analysing and presenting data. Besides water supply, solutions using similar intelligent IT possibilities can be extensively utilised in industry, land use planning, energy generation and energy distribution.

FCG has designed the Blominmäki treatment plant in Espoo. It is estimated to be launched in 2020.

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FCG is one of Finland’s leading providers of environmental consultancy as well as energy and climate consultancy. Our service offering in the environment sector covers environmental surveys and competence related to environmental restoration and risk management. FCG also has extensive competence related to the planning and utilisation of renewable energy forms, such as bioenergy, geothermal energy, wind energy and solar energy. In 2014, the particular focus areas of environmental and energy consultancy were projects related to the planning and building of wind power.

Environmental surveys refer to assessments compliant with the environmental protection legislation and combining EIA procedures with project planning to serve the long-term planning and permit applications of the project. The assess-ments compliant with the EIA Act can be carried out from the perspectives of man, natural conditions, land use, landscape or utilisation of natural resources.

The projects related to environmental remediation and risk management are implemented taking into account the needs of customers and different interest groups as well as the legislation and any changes in it. These projects may be related to assessing the risks of contaminated soil, waste ma-

nagement, grey waters, rainwaters and melt waters, waste wa-ters or industrial chemicals. FCG’s customers include munici-palities and cities, regional environment centres, real estate investment companies, construction companies, contractors, industrial companies and oil companies. The range of servi-ces includes soil and groundwater contamination surveys and investigations, assessment of the need for decontamination as well as planning and monitoring of the restoration work.

FCG’s competence also covers the permit procedures as well as different surveys and measurements in the excavation business. In this field, FCG has, besides impact assessments, the particular advantage of expertise in town planning and public utilities design, allowing it to provide the customer with a service where the different aspects are taken into account. Various nature surveys and Natura assessments are also inclu-ded in the range of services provided by FCG.

In energy consultancy, FCG serves its municipal and pri-vate sector customers with wind power-related planning, ener-gy efficiency surveys and related planning as well as with plan-ning related to regional or real estate-specific energy supply solutions.

Environment and Energy

FCG has wide expertse in environmental consulting, for example in various assesments, remediation of contaminated areas and natural surveys.

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No evaluations, 40 municipalities

On-going or completed evaluation, 204 municipalities

No obligation to evaluate, 10 municipalities

Merged 2007–2013, 10 municipalities

Merger evaluation done 2005–2011, 37 municipalities

Evaluation of municipality mergers, situation 5.3.2015

and utilisation of knowledge support the management of change processes. An example of products intended for supporting the strategic management of municipalities is the Electronic Well-Being Report tool which has been developed in cooperation with the Association of Finnish Local and Regional Authorities. FCG is also a licensed retailer of and application developer for the Qlikview reporting tool. This tool is also utilised in healthcare classification product reporting.

In addition to the above projects, FCG produced various reports related to management systems, management, economy, service networks, premises and real estate strategies. As the municipal structure reform work ends, these will become increasingly important. Case: Starting points of the regional production of social and healthcare services

During 2013–2014, FCG has carried out several assignments related to describing healthcare service chains. The assignments have been pilot projects by nature, aimed at developing the method used for describing the service chains and the reporting application together with the customers. A pilot project regarding the service chains available for intoxicant addicts living in Vantaa was implemented in cooperation with HUS and the City of Vantaa, while a pilot project regarding the use of healthcare services by Kuopio inhabitants was implemented in cooperation with the Hospital District of North Savo and the City of Kuopio. The subjects of analysis have included patients using services frequently and patients suffering from lumbal spine disorders or depression, and the data describing service usage obtained from the system is classified using the NordDRG and pDRG patient classification systems.

The successful management of organisa-tions consists of good management, suita-

ble structures, functional steering systems, fluent service processes, profitable and

results-yielding operations, well-being of personnel, diverse interest group work and

well-balanced finances. FCG’s consul-tancy business consists par-

ticularly of services directed at public sector manage-ment in terms of strate-gic management, social services and healthcare management, consul-tancy regarding ICT services and operat-ing models, as well as research services.

One of FCG’s strengths is its in-depth knowl-edge of the op-erating environ-ment of the public sector, and munic-ipalities in particu-

lar. In 2014, mu-nicipalities, municipal

federations and compa-nies owned by munici-palities made up 90% of the management consultancy custom-ers. The Ministry of Finance was also a

significant customer, as FCG won the competitive tendering process regarding the background statistics package for struc-tural reforms of the municipalities and was commissioned by the Ministry to evaluate municipal mergers in a few urban re-gions. FCG implemented the USO (short for the Finnish words meaning New Generation Organisations and Management) network project of the Association of Finnish Local and Re-gional Authorities, aimed at developing the management of 35 municipalities. Another significant network was Operational municipality groups (Toimintakykyiset kuntakonsernit).

FCG maintains and develops several social services and healthcare classification systems used for supporting the analysis, monitoring and management of operations. In Finland, the hospital districts monitor their operations using the Nordic NordDRG classification system. In 2014, pDRG was also introduced. It is developed for monitoring the operations and finances of basic healthcare. Monitoring of the healthcare chain by combining DRG and pDRG data was put to pilot operation in 2014, and the product will be launched in 2015. The developments in social services and healthcare legislation are also monitored when developing the classification products.

In spring 2014, consulting services invested significant resources to promoting the exports of classification products. During the year, pilot uses of the Rafaela nursing intensity classification program progressed into permanent contracts. The purpose of exports is to sell Finnish expertise, first to the Nordic and Central European countries with which there is already cooperation (e.g. regarding the DRG system). The PYLL (Potential Years of Life Lost) indicator is another internationally marketed product. Export missions to Turkey, China and Russia were implemented with private actors in the field.

The key element of all consultancy products is management by knowledge so that the production, analysis

Consulting Services

Anssi Hietaharju, FCG Consulting.

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The Human Resources sector of Training Services organises training on administrative and legal matters, procurement and competitive tendering processes, knowledge management, pre-school education, teaching and general education as well as remuneration and employment matters. The key events of this sector in 2014 included training sessions regarding legislative reforms, the 40-year jubilee seminar of the agricultural vacation replacement function, the topical collective municipal agreement days as well as the nationwide meeting regarding general educational matters.

FCG is a leading provider of training services for the Social and Healthcare Sector, and the clientele of this field has grown in spite of the competed market. Our training offering is designed to meet the needs of various professional groups in the social and healthcare sector. The range of training services available includes multi-disciplinary professional and administrative training in various fields including medicinal therapy, psychiatry and mental health work, social work and

care for the elderly. FCG’s training offering also supports in many ways the structural reform of social and healthcare services now being prepared.

Coaching is an activity related to the functioning of an organisation, working communities and individuals, and is introduced after changes related to structures, operating models or various steering systems have taken place. We produce coaching services for the public sector, municipally-owned companies and private corporations on an organisation-specific basis. These services are aimed at developing management teams, managers and working communities and at providing support for implementing changes and for development work. The coaching sessions are implemented by using methods that encourage participation. During 2014, extensive programmes related to development of municipal management were also implemented. They included the certification programme of municipal management and the certification programme for municipal chairpersons.

The economic and financial forum is the main event organised in cooperation with the Association of Finnish Local and Regional Authorities.

FCG is the leading provider of Training Services in the Finnish municipal sector. Our training and coaching services are concentrated on the management and personnel of municipalities and organisations close to municipal administrations. The services available to persons in positions of trust, operative management and personnel are designed and implemented with the needs of different actors in the municipal sector in mind. The offering of services to municipally-owned and private companies is extending.

The training and coaching events are planned and implemented in close cooperation with FCG’s customers and partner networks. The most significant cooperation partner is the Association of Finnish Local and Regional Authorities; the responsibility for its invoiceable training programmes were transferred to FCG from the beginning of 2014. The internal sector structure of training services was developed during 2014, with online training services and social media channels for training as particular subjects of development. Utilisation

of online training and the digital learning environment are a growing area in the training implemented by FCG.

In 2014, the training events of FCG had over 21,000 participants. There were over 800 individual training days.

The sector of Management and Service Consulting organises training in the fields of management, municipal engineering, economy, secretarial work and communication. Open online training sessions have been organised for persons in positions of trust in the municipalities. The key events in 2014 included the economic and financial forum for the municipal leaders, as well as the nationwide meeting of accountants (with financial statements as one of the main themes). The economic and financial forum is organised in cooperation with the Association of Finnish Local and Regional Authorities and with over 5,000 participants it is an annual top event concentrating on municipal sector economy and financial development.

Training and Coaching

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Key figures in Finland

FCG Group 2014 2013

Average number of staff* 682 725Salaries and fees M€ 24,4 24,9

Domestic staff age breakdown

Age group Total 2014 2013

20–25 11 2% 3%

26–30 58 13% 14%

31–35 81 18% 17%

36–40 64 14% 14%

41–45 50 11% 10%

46–50 52 12% 11%

51–55 58 13% 11%

56–60 37 8% 10%

61–65 34 8% 9%

over 66 6 1% 1%

Total 451 100% 100%

*) In addition to the Group employees in Finland, the figures include project employees working in foreign projects as full-time equivalents.

Key figures of domestic staff

FCG Group 2014 2013

Men 50% 52%

Women 50% 48%

Total 100% 100%

Staff average age

43 years

43 years

At FCG, the key theme of personnel development is high-quality supervisory work and leadership, which ensures that each FCG employee has the opportunity to succeed in their work. The Group provides its personnel with a wide range of opportunities for training, career development and leisure activities. FCG has made a particular investment in developing project business competence. Project management was also the theme of the sixth FCG Academy, FCG’s own management programme, which took place in spring 2014. The majority of the participants in the programme also completed the international C-level IPMA certification.

At FCG, the development of personnel well-being is based on an annual plan, which is also reviewed with the Group’s cooperation group. Our partners in implementing well-being at work are the occupational healthcare service provider Diacor, Varma insurance company, and we conduct workplace surveys with the Finnish Institute of Occupational Health.

The personnel statistics are based on the number of FCG staff in Finland on 31 December 2014, totalling 451 employees. The Finnish figures also include the personnel of Kunta-Efeko Oy: ten employees on 31 December 2014.

Domestic staff education levelEducation breakdown Total 2014 2013

Researcher training 16 4% 3%

Master’s degree level 182 40% 40%

Bachelor’s degree level 145 32% 32%

Lowest level of higher education 47 10% 11%

Studies incomplete 27 6% 6%

Secondary education 25 6% 5%

Basic education 9 2% 2%

Total 451 100% 100%

Staff

Eeva Kokki (above), Director of HR and Communications. On the right Arja Sippola, Taina Tuominen and Pauli Santala, FCG Design and Engineering.

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FCG Design and Engineering Ltd

Our comprehensive range of services related to planning and engineering covers community planning, housing construction and renovation, water supply engineering and environmental consultancy. We also provide all industries with property development and maintenance services. FCG’s planning business works in close cooperation with customers and a nationwide network of experts. FCG International Ltd

In international project business, our strengths are our pres-ence in local markets, solid and diverse international experi-ence, and efficient utilisation of our highly-committed human resources. The focus is on projects related to the environment, water supply and natural resources. Projects in the well- being and education sectors are a growing business area.

FCG’s local companiesFCG Finnish Consulting Group Ltd

The parent company of FGG acts as a service centre, providing the Group companies with the required financial and IT management services as well as communication and HR services. The parent company is owned by the Association of Finnish Local and Regional Authorities. FCG Consulting Ltd

Our consultancy services support our customers’ good management to a high standard. Our services are built on competencies in management consultancy, well-being and ICT services, business development and research services. We produce knowledge that supports management.

FCG Training Ltd

Our training and coaching services support our customers when they develop their professional competence, management and working communities. We are the leading provider of training services in the Finnish municipal sector. Year after year, FCG has ranked among the top names in the public image surveys of training services.

Rovaniemi

Joensuu

KuopioVaasaSeinäjoki

Jyväskylä

Lappeenranta

Kotka

Helsinki

Tampere

Turku

Oulu

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In international projects our strength lies in the local market presence, in our solid and versatile international experience, as well as in our highly efficient staff both at home and in fieldwork. FCG SIPU International Ab, SwedenFCG’s Swedish subsidiary specialises in international development consultancy and training. SIPU has had a particularly strong position in development consultancy related to Africa, and overall the company has implemented development projects in over 90 countries all over the world through the years. Training competence is also part of the company’s operations, both in Sweden and internationally. www.sipu.se

FCG ANZDEC Ltd, New Zealandis a New Zealand based international development consulting firm specializing in the sustainable development and management of renewable natural resources in developing countries. We are a company with more than 35 years of experience in over 45 countries, mostly in the Asia-Pacific region. www.anzdec.co.nz POVVIK AD, Bulgaria

is a leading independent consulting and engineering company in the field of sustainable development in Bulgaria. POVVIK AD offers a full range of environmental consulting and engineering services for all types of industries and businesses, and expertise on environmental and economic analyses to local and state government. Our expertise is focused in the Balkan region. www.povvik.com

FCG’s global subsidiariesFCG INVICTA, Estonia is an Estonian company established in 1991 and operating in the field of management training and consulting and preparation of training materials. The mission of Invicta is to create/shape conditions favouring development in cooperation with people, teams and organisations for more effective attainment of their objectives. We have been part of FCG Group since 2003. www.invicta.ee FCG in Serbia

In 2012 FCG has opened a new Representative Office in Belgrade, Serbia. The new office is currently the company’s fifth overseas and was established to service a growing demand for innovative consulting solutions in the Balkans. www.fcginternational.fi Finnish Consulting Group SRL, Romania was set up in Bucharest, Romania in December 2005 to represent the company in Romania, Moldova and the Balkan region. Its core operation is business promotion and co-ordination of the international operations of FCG in the region. www.fcginternational.fi

In addition to global subsidiaries, FCG has permanent representative offices in Greece and Ecuador.

Representative of Swedish Sida, Torgny Svenungsson together with FCG SIPU’s Björn Bengtsson and Josua Falck.

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PALESTINIAN TERRITORIES

Africa & the Middle East

Africa & FCG InternationalProject title Country Duration Client Financier(s)Southern Africa Innovation Support Programme (SAIS)

Botswana, Mozambique, Namibia, South Africa, Zambia

4/2011–12/2015 Ministry for Foreign Affairs, Finland

Ministry for Foreign Affairs, Finland

Technical Assistance to Enhancing Capacity in Teacher Education and Inclusive Education Support Centres to Implement Special Needs Education/Inclusive Education in Ethiopia

Ethiopia 9/2013–9/2017 Ministry for Foreign Affairs, Finland


Support to Rural Development in Zambezia Province (PRODEZA), Mozambique – Phase II

Mozambique 12/2010–12/2015 Provincial Government of Zambezia, Mozambique


the Middle East

Examples of FCG’s International Projects

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Africa & the Middle East

SIPU InternationalProject title Country Duration Client Financier(s)Afghanistan Help Desk Afghanistan 9/2013–2014 Sida Sida

Capacity Building for Results Facility Afghanistan 2/2014–5/2018 The Government of Afghanistan

WB

Support to Parliament and Civil Society Organisations in Jordan

Jordan 2/2014–4/2017 The Parliament of Jordan

EC

NIMES National Integrated Monitoring and Evaluation System

Kenya 11/2011–9/2014 The Government of Kenya

Sida

TA to the administrative simplification in selected Ministries in Lebanon (Social Affairs, Tourism, Public Health and Industry)

Lebanon 10/2014–10/2016 The Office of the Minister for Administrative reform (OMSAR)

EC

Support to the Development of Market & Value Chains in Agriculture in Liberia

Liberia 3/2013–3/2018 Sida Sida

EDF – long-term technical assistance to the General Auditing Commission, Liberia

Liberia 8/2012–2/2015 General Auditing Commission

European Commission/EDF

Support to the Quality Infrastructure in Agadir countries

MENA region 4/2014-12/2014 Swedac Swedac

Support to the Secretariat of the Programme AID Partners in Mozambique

Mozambique 6/2014–6/2015 Embassy of Sweden, Mozambique

Sida

Interim Evaluation of the Status of Public Financial Management in the Mozambican Ministry of Health

Mozambique 4/2014–6/2014 EC EC

Design of Support Programme to the General Inspectorate of Finance of Mozambique IGF

Mozambique 11/2014–3/2015 Sida Sida

Institutional Strengthening of the SAACB (State Audit and Administrative Control Bureau)

Occupied Palestinian Territories

10/2014–5/2017 SAACB (Audit Office) EC

Good Governance and Decentralisation Programme – Support the LGI and LGCB-Fund

Rwanda 12/2013–5/2015 GIZ GIZ

Evaluation of Swedish Research Cooperation with Tanzania 2007–2013

Tanzania 12/2013–3/2014 Sida Sida

Study on Higher Education and Research in Tanzania

Tanzania 12/2013–2/2014 Sida Sida

Training on Public Sector Management; Governance, Integrity and Anti-Corruption

Tanzania 5/2014–1/2015 Uongozi institute Uongozi institute

Project title Country Duration Client Financier(s)Technical Assistance to the Civil Society of Namibia

Namibia 11/2012–5/2016 The National Authorising Officer, National Planning Commission

European Commission/EDF

“Plan d’Action National de Gestion Intégrée des ressources en Eau (PANGIRE)"

Niger 6–10/2014 Ministry of Hydraulics and Sanitation of Niger/Sofreco

DANIDA

North Gaza Emergency Sewage Treatment Project (P091314) Additional Financing (WB); Consultancy Services for Detail Design, Tender Documents and Construction Supervision of Effluent Recovery & Irrigation Scheme

Palestine 11/2009–7/2014 Palestinian Water Authority

World Bank

Construction and Rehabilitation of Water Infrastructure Networks in Northeast Villages of Jerusalem: Palestine Water Supply and Sanitation Project – SUP implementation

Palestinian Territories

4/2010–10/2014 Palestine Water Authority PWA and Ministry for Foreign Affairs, Finland


GZ Emergency Capacity Building Project to the Palestinian Water Authority: Technical, Planning and Advisory Team (TPAT) in the Water and Sanitation Sector, Palestine

Palestine 7/2011–7/2014 Palestine Water Authority/Orgut Consulting Ab

World Bank (IDA)

Incentivizing the Market – Linking Women and the Private Sector: A Human Rights Based Approach

Sub-Saharan Africa, Zambia

4/2013–8/2014 World Bank World Bank

Consultancy Services for the External Review and Evaluation of the Private Forestry Programme

Tanzania 8/2014–12/2017 Ministry for Foreign Affairs, Finland


Appraisal of the final programme document of Decentralized Forest and other Natural Resources Management Programme, Introduction phase, Zambia

Zambia 9/2013–1/2014 Ministry for Foreign Affairs, Finland


Programme for Luapula Agricultural and Rural Development, Phase II

Zambia 1/2011–8/2015 Ministry for Foreign Affairs

Ministry for Foreign Affairs

Incentivizing the Market – Linking Women to the Private Sector in Agriculture: A Human Rights Based Approach

Zambia / Global

4/2013–8/2014 World Bank World Bank / Nordic Trust Fund

Qatar–Finland Educational Partnership Programme, start-up phase

Qatar 6/2014–8/2014 Qatar Education Supreme Council

Qatar Education Supreme Council

Qatar–Finland Educational Partnership Programme, implementation

Qatar 9/2014–8/2019 Qatar Education Supreme Council

Qatar Education Supreme Council


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PALESTINE


Project title Country Duration Client Financier(s)

RBM Workshop for the Directorate of Statistics of the Federal Government in Somalia and Departments of Statistics in Somaliland and Puntland

Uganda 10/2014 SCB (Statistics Sweden)

SCB (Statistics Sweden)

Study on Actors for Change within Gender Equality, including GBV and SRHR

Uganda 11/2014–12/2014 Sida Sida

Evaluation of Swedish Government Funded Research Cooperation Support to Uganda 2009–2014


Good Finance Governance – Management and Leadership training

Zambia 10/2013–7/2015 GIZ GIZ

Gender Policy Briefs in Zambia Zambia 1/2014–11/2014 Sida Sida

Support to Establishment of Public Private Development Partnership in Zambia

Zambia 2/2014–4/2014 Sida Sida

Evaluation of Sweden Funded Transparency International Zimbabwe

Zimbabwe 10/2014–11/2014 Sida Sida

Sida Rural Technology Uganda 4/2014–10/2014 Sida Sida

Study on future fields of cooperation between research collaboration and private sector development in Swedish–Ugandan Development Cooperation 2014–2019


FCG AnzdecProject title Country Duration Client Financier(s)

Agricultural Technical Assistance in Africa

Ethiopia, Rwanda

11/2014–ongoing NZAP NZAP

Asia


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FCG InternationalProject title Country Duration Client Financier(s)Yerevan Metro Rehabilitation Project Armenia 10/2013–1/2015 Yerevan Metro EBRD

Consultancy Services for “Energy and Environment Partnership Programme, EEP Mekong

Cambodia, Lao PDR, Thailand, Vietnam



Impact Evaluation of Finnish Support to the Land Sector of Cambodia in 1997-2013

Cambodia 10/2014–3/2015 Ministry for Foreign Affairs, Finland


Energy and Environment Partnership Program with Indonesia (EEP Indonesia)

Indonesia 3/2011–12/2014 Ministry of Energy and Mineral Resources

Ministry for Foreign Affairs

Rural Water Supply and Sanitation Project: Review and Recommendations on Technical Standards in the Water and Wastewater Sector

Kyrgyz Republic

5/2014–9/2014 Community Development and Investment Agency (ARIS) of the Kyrgyz Republic

World Bank

Impact Assessment of the Index-Based Livestock Insurance in Mongolia

Mongolia 10/2014–10/2015 World Bank World Bank

Strengthening of Environmental Administration and Management at the Local Level (SEAM-N), Completion Phase

Nepal 1/2012–12/2014 Ministry of Local Development, Ministry of Environment, Science and Technology, Ministry of Industry, Commerce and Supplies


Rural Village Water Resources Management Project in Far and Midwestern Regions in Nepal (RVWRMP), Phase II

Nepal 9/2010–8/2015 Ministry of Federal Affairs and Local Development/ Dept of Local Infrastructure Development and Agricultural Roads/Ministry for Foreign Affairs, Finland

Ministry for Foreign Affairs, Finland & Government of Nepal

Promoting Renewable Energy Technologies for Enhanced Rural Livelihoods (REFEL), Far-West Nepal

Nepal 12/2011–6/2014 NEFCO NEFCO / Ministry for Foreign Affairs, Finland

Rural Water Supply and Sanitation Project in Western Nepal (RWSSP-WN II), Completion Phase

Nepal 9/2013–11/2018 Ministry for Foreign Affairs, Finland


Project title Country Duration Client Financier(s)Review of the Policy Environment, Legal Framework and Institutional Arrangements Related to Urban Sanitation and Hygiene

Nepal 3/2013–2/2014 SNV SNV

Mid Term Review of Technical Assistance for TEVT (Soft Skills) Development in School Sector Reform Plan in Nepal

Nepal 11/2014–1/2015 Ministry for Foreign Affairs, Finland


Building Resilience to Climate Related Hazards - System Integration Consultants - DHM

Nepal 7/2014–6/2018 Department of Hydrology and Meteorology, Babarmahal, Kathmandu

World Bank

Vietnam Medium Cities Development Project, WB Cr.5031-VN Consulting services for package LC4-03: Construction Supervision and Management Assistance for Project Management Unit of Lao Cai City Subproject

Vietnam 11/2013–4/2015 World Bank World Bank

The Appraisal of Upgrading the Rainfall, Storm and Lightning Detection Capabilities of National Hydro-Meteorological Service

Vietnam 2/2014–3/2014 Ministry for Foreign Affairs, Finland


SIPU InternationalProject title Country Duration Client Financier(s)Master Program in Public Management Vietnam 11/2013–9/2014 University of Uppsala

and University of Economics and Business

University of Uppsala and University of Economics and Business

Support to Sida in monitoring the CRDP in Bangladesh

Bangladesh 04/2013-08/2014 Sida Sida

Private Sector Collaboration & Productive Employment

Bangladesh 04/2014-06/2014 Sida Sida

AsiaExamples of FCG’s International Projects

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Project title Country Duration Client Financier(s)Review and simplification of G2C services and systems

Bhutan 10/2014–12/2014 SDC SDC

Master Program in Public Management Vietnam 11/2013–9/2014 University of Uppsala and University of Economics and Business

University of Uppsala and University of Economics and Business

Support to Sida in monitoring the CRDP in Bangladesh

Bangladesh 04/2013–08/2014 Sida Sida

Private Sector Collaboration & Productive Employment

Bangladesh 04/2014–06/2014 Sida Sida

Review and simplification of G2C services and systems

Bhutan 10/2014–12/2014 SDC SDC

FCG AnzdecProject title Country Duration Client Financier(s)PPTA Greater Mekong Subregion Biodiversity Conservation Corridors Project – PPCR Component in Cambodia

Cambodia 3/2013–5/2014 ADB ADB

Improved Sanitary and Phytosanitary Handling in the Greater Mekong Sub Region Trade Project (sub-consultant to Agrifood Consulting International)

Cambodia 6/2014–9/2015 ADB ADB

Indonesia Irrigation Sector Project – Detailed Design Mission

Indonesia 10/2014–11/2014 IFAD IFAD

Animal Health Programme P.R. China 12/2014–ongoing NZ MPI NZ MPI

Philippines Camiguin Coastal Resource Management Project, Phase 2 – Management Service Contractor

Philippines 2/2012–10/2014 NZAP NZAP

Sri Lanka Initiative in Dairy Excellence (Design phase)

Sri Lanka 09/2014–12/2014 NZAP NZAP

Europe

PALESTINE


FCG InternationalProject title Country Duration Client Financier(s)Water Supply and Sanitation Project – Marina Gorka Water Intake

Belarus 3/2010–5/2015 Unitary Public Utility Enterprise “Zhilteploservice” of Puhovichi region

World Bank

Consulting Services on Design and Supervision of works concerned with reconstruction of water supply networks and facilities in Shklov, Mogilev Oblast

Belarus 7/2010–2/2015 Communal Utility Enterprise “Mogilev Oblast Capital Construction Board”

World Bank

Municipal & Environmental Infrastructure (MEI) Framework Facility – Corporate Development and City/Regional Support Programme

Belarus 6/2014–6/2016 Cities and Water Companies of Baranovichi, Brest, Grodno, Slonim and Vitebsk

European Bank for Reconstruction and Development


5352

Europe

Project title Country Duration Client Financier(s)EU Structural/Cohesion Fund co-funded FIDIC Wastewater Supervision Project in Osije

Croatia 8/2014–7/2017 VODOVOD-OSIJEK d.o.o

European Commission

Setting Up a Study Regarding Forest Mapping in the Regional Unit of Magnesia, in the periphery of Thessaly, excluding the Local Government Administration before Kapodistria Programme: Alonisos, Volos, Nea Anchialos and Skiathos (D4–05)

Greece 1/2014–1/2016 National Cadastre and Mapping Agency S.A. (KTIMATOLOGIO S.A.)

European Commission/ESF

Review and Systems Audit of Moldova Energy Efficiency Fund

Moldova 12/2014–3/2015 Embassy of Sweden in Chisinau, Moldova

SIDA

Technical Assistance for the Project Management and Works Supervision for Arad County Council: Integrated Waste Management System in Arad County

Romania 8/2010–6/2015 S.C. Project Developer/ Arad County Council

European Commission/IPA

Revision of Sustainable Development Strategy of the Municipality of Stara Pazova 2010–2020, 1st phase

Serbia 12/2014–2/2015 Municipality of Stara Pazova, Serbia

Municipality of Stara Pazova,Serbia

TA and Supervision of Diyarbakir Water and Wastewater Project

Turkey 1/2012– 9/2017 Ministry of Environment and Forestry of Turkey, IPA Coordination and Implementation Center. Final beneficiary: Diyarbakir Water Company

European Commission

Technical Assistance and Supervision of Konya Solid Waste Management Project, Turkey

Turkey 7/2012–7/2015 Department of EU Investment, Ministry of Environment and Urbanization, Turkey

European Commission

Technical Assistance and Supervision for Nizip Water and Wastewater Project

Turkey 5/2013–2/2017 Department of EU Investment, Ministry of Environment and Urbanization, Turkey

European Commission

Technical Assistance for Further Support to RCP CID in its Operations

Turkey 09/2014–2/2017 Ministry of Science, Industry and Technology, Turkey

European Commission

Corporate Development and Capacity-building of Water and Wastewater Utilities in Boryspil, Chernihiv, Ivano-Frankivsk, Kolomyia and Kremenchuk

Ukraine 11/2013–6/2014 The Ministry of Regional Development, Construction, Housing and Communal Services of Ukraine

World Bank

FINLAND

Project title Country Duration Client Financier(s)Institutional Cooperation Instrument (ICC) Support Services

Finland 1/2013–12/2016 Ministry for Foreign Affairs, Finland


Development communications and global education projects carried out by Finnish Civil Society Organisations – Administration of application round 2014

Finland/Global



Development communications and global education projects carried out by Finnish Civil Society Organisations – Administration of application round 2015

Finland/Global



Framework Agreement for the Support to the Concessional Credit Scheme between the Ministry for Foreign Affairs and FCG & Niras Finland Oy and ÅF-Consult Oy

Global 8/2011–8/2015 Ministry for Foreign Affairs, Finland


Identification of Business Partners for Bac Ha Technology Ltd

Finland/Vietnam

10/2013– 2/2014 Finnish Business Partnership Programme


Identification of Business Partners for ALLPA S.A.C

Finland/Peru 12/2013–3/2014 Finnish Business Partnership Programme


Evaluation of Finland's Support to Higher Education Institutions – North-South-South and HEI ICI

Finland/Global




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SIPU InternationalProject title Country Duration Client Financier(s)Danish Support to the Albanian Ombudsman

Albania 8/2012–12/2015 Albanian Ombudsman DANIDA

Support to the Albanian Ministry of Interior (MOI)/Albanian State Police (ASP) on Community Policing

Albania 3/2012–9/2015 Albanian State Police Sida

Evaluation of the Project Support to Tax Administration in Albania

Albania 5/2013–7/2013 Sida Sida

Program Budgeting Gap Analysis and Reform Strategy Development

Armenia 10/2014–4/2015 Ministry of Finance GIZ

TACSO – Capacity Building of Civil Society in the IPA countries (Western Balkans and Turkey) PHASE 2

Regional/Balkan

8/2013–8/2017 European Commission European Commission

Evaluation of Support to Land Administration Systems in Belarus and Georgia

Belarus, Georgia

2/2014–4/2014 Sida Sida

Capacity Building for local and regional policy-makers in the market development sector in Belarus

Belarus 11/2013–1/2014 Sida Sida

Fostering Interventions for Rapid Market Advancement (FIRMA)

Bosnia & Herzegovina

09/2009–9/2014 USAID & Sida USAID & Sida

Mid-term Review of Support to Partnership in Statistics in BiH, Phase 3


11/2013–1/2014 Sida Sida

Mid-term Review of Support to Partnership in Statistics in BiH


11/2013–4/2014 Sida Sida

Evaluation of Fostering Agricultural Markets (FARMA)


12/2014–2/2015 Sida Sida

TA to Operational Structure for Management of OP and Implementation of Projects

Croatia 2/2014–9/2015 European Commission European Commission

Capacity Building of Georgian Leadership Community

Georgia 9/2014–3/2015 Georgian Foundation for Strategic & International Studies

Sida

Consultancy for Result Based Management review on CNVP – Sida Forestry projects

Kosovo 9/2014–10/2014 Sida Sida

Project title Country Duration Client Financier(s)Study Outlining Possible Areas and Issues for Sida Support to Economic Development in Albania and Kosovo 2014–2020

Kosovo 8/2014–11/2014 Sida Sida

Macedonia: Support to Civica Mobilitas – Civil Society Support Facility

Macedonia 7/2013–7/2017 SDC SDC

TA to the Bureau for Reintegration of the Republic of Moldova

Moldova 3/2013–10/2014 European Commission European Commission

Global Study on Decentralisation Capabilities (including e-Governance potentialities)

Moldova 6/2014–5/2015 EC EC

Public Administration Reform Serbia 2/2011–2/2014 Ministry of Local Government

Sida

Support to the Rule of Law System – Enforcement of Civil Claims

Serbia 4/2014–8/2014 GIZ GIZ

Technical assistance for Civil Society Dialogue between EU and Turkey – III

Turkey 4/2014–4/2016 Central Finance & Contracts Unit, EC

Central Finance & Contracts Unit, EC

TA for Promoting Gender Equality in education

Turkey 10/2014–10/2016 Ministry of National Education, Turkey

EC

Technical Assistance for Further Support to RCP – CID in its Operations

Turkey 9/2014–12/2016 EC EC

SWEDEN

SI FWC: Baltic Leadership Programme: Maritime Safety

Baltikum/Sweden

9/2013–7/2015 The Swedish Institutes (SI)

The Swedish Institutes (SI)

SI FWC: Baltic Leadership Programme: PA Health

Baltikum/Sweden

9/2013–7/2015 The Swedish Institutes (SI)

The Swedish Institutes (SI)

ITP – Course Administrative and Mentor Support

Sweden 12/2012–3/2015 The Swedish Public Employment Service

The Swedish Public Employment Service

Environmental Governance and Management

Sweden 4/2013–8/2014 Swedish Environmental Protection Agency

Swedish Environmental Protection Agency

Support to MSB (Swedish Civil Contingencies Agency)

Sweden 6/2014–7/2014 MSB (Swedish Civil Contingencies Agency)

MSB (Swedish Civil Contingencies Agency)

EuropeExamples of FCG’s International Projects

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Povvik ADProject title Country Duration Client Financier(s)Environmental Impact Assessment of South Stream Offshore Gas Pipeline project – Bulgarian section

Bulgaria 4/2012–11/2014 South Stream Transport B.V

South Stream Transport B.V

Application for IPPC Permit for Ideal Standard AD

Bulgaria 3/2012–10/2014 Ideal Standard AD Ideal Standard AD

Analysis of Lands with High Nature Value Bulgaria 9/2012–6/2015 Ministry of Agriculture and Food

Ministry of Agriculture and Food

Assessment of Operational Program "Transport and Transport Infrastructure

Bulgaria 6/2013–4/2015 Ministry of Transport, Information Technologies and Communications

Ministry of Transport, Information Technologies and Communications

Notification for Extending an Existing Investment Proposal for Duplicate Gas Pipeline Section of South Stream Bulgaria project

Bulgaria 9/2013–1/2014 Gaztec AD Gaztec AD

Technical Assistance for Multi-Annual Programming of Future Cross Border Cooperation Programme in Romania–Bulgaria Cooperation Area

Bulgaria 10/2013–12/2014 S.C. International Consulting Expertise SRL

EBRD - S.C. International Consulting Expertise SRL

Groundwater Monitoring, Soil Investigations and Interior Pollutant Investigation at the Site of Voestalpine VAE Sofia

Bulgaria 10/2013–12/2015 Voestalpine VAE Sofia Ltd

Voestalpine VAE Sofia Ltd

Preparation of Notification for Investment Proposal, ToR for EIA, EIA and IPPC Permit Application for Lempriere

Bulgaria 12/2013–12/2015 Lempriere Lempriere

Preparation of H&S Regulation Summary for Construction Industry in Bulgaria

Bulgaria 1/2014 ERM Hungary ERM Hungary

Phase I ESA of four sites at Kozloduy Nuclear Power Plant

Bulgaria 1/2014–2/2014 ERM Romania ERM Romania

Preparation for investment proposal for Izida

Bulgaria 4/2014–6/2015 Izida 1894 Ltd. Izida 1894 Ltd.

EHS Audit of Warehouse Facility of GlaxoSmithKline (GSK) in Sofia, Bulgaria

Bulgaria 3/2014 ERM Romania ERM Romania

Project title Country Duration Client Financier(s)Health&Safety Compliance Audit and an Environmental Inspection of Magna Powertrain Company located in Industrial Zone Rakovski

Bulgaria 3/2014 ENVIRON Germany GmbH

ENVIRON Germany GmbH

Environmental Assessment of the Rural Development Programme 2014–2020

Bulgaria 4/2014–4/2015 Ministry of Agriculture and Food

Ministry of Agriculture and Food

Preparation of part Environmental Solutions for Interconnector Gas Pipeline Greece–Bulgaria

Bulgaria 4/2014 Gastec BG Gastec BG

Translation of the Revised Global HS Compliance Audit Checklist of Magna

Bulgaria 4/2014–5/2014 Environ Germany Environ Germany

Phase 1 Due Diligence, including limited compliance and an Overview of Health & Safety Management at a Foam Conversion Plant in Plovdiv

Bulgaria 5/2014 RSK Romania SRL RSK Romania SRL

HP Waste Legal Compliance Update Bulgaria 7/2014 Dekonta Dekonta

Conducting Four Seasonal Biodiversity Surveys in the Concessionaire Area of Assarel Medet Copper Mining Company

Bulgaria 4/2014–4/2015 Asarel Medet AD Asarel Medet AD

Update of URS report for Duropack Bulgaria 8/2014 Dekonta Dekonta

Environmental Impact Assessment and Appropriate Assessment of Investment Proposal for Modernization of Rail-road Radomir – Kulata

Bulgaria 10/2014–10/2015 National Company Rail Infrastructure

National Company Rail Infrastructure

Phase I Environmental Due Diligence and Limited Environmental Compliance Review of Amylum Bulgaria EAD


Investigation of Contamination at two sites near Plovdiv

Bulgaria 11/2014 DRICON AG DRICON AG

Preparation of Appendix number 6 regarding IPPC Ordinance

Bulgaria 11/2014–5/2015 Han Omurtag AD Han Omurtag AD

Environmental Due dilligence for a Brewery Site in Pleven

Bulgaria 11/2014 URS France URS France

Translation of the Ergonomic Database for Magna

Bulgaria 11/2014 Environ Germany Environ Germany

Environmental Due Dilligence for a Textile Facility in Pleven

Bulgaria 11/2014 Environ Italy Environ Italy

EuropeExamples of FCG’s International Projects

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Project title Country Duration Client Financier(s)Technical Investigation at the Regional Heating Stations Petko D. Petkov in Plovdiv and Chaika in Asenovgrad, Development of Geological Report for Assessment of Presence of Contamination

Bulgaria 12/2014–3/2015 EVN Bulgaria Toplofikatsia EAD

EVN Bulgaria Toplofikatsia EAD

Drilling Cuttings and Fluid Infrastructure in Bulgaria – Options for Waste Disposal


Review of Biocide Regulations in Bulgaria Bulgaria 12/2014 ERM Romania ERM Romania

Brief Overview of Bulgarian Environmental Legislation Related to Paper Industry


Europe • Povvik ADExamples of FCG’s International Projects

Developing transport infrastructure in Bulgaria

FCG’s subsidiary in Bulgaria, POVVIK prepared the Environmental assessment of the Operational Programme “Transport and transport infrastructure” under European and Bulgarian legislation. The project aimed at contributing to the integration of environmental issues and to provide a higher level of environmental protection and sustainable development in the region.

POVVIK’s experts worked closely with the experts of the Bulgarian Ministry of Transport, providing expert advocacy and ensuring the link between the responsible authorities like the Ministry of Environment and Water, regional administrations and municipalities.

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NIUE

SAMOA

NAURU

PALAU

PALESTINE


NIUE

SAMOA

NAURU

PALAU

PALESTINE

PALESTINIAN TERRITORIESLatin America, the Caribbean and the Islands of the Pacific

FCG InternationalProject title Country Duration Client Financier(s)BioCAN – Implementation Phase of the Co-operation in the Regional Biodiversity Programme in the CAN Member Countries’ Andean Amazon Regions

Andean Region

1/2011–4/2014 General Secretariat of the Andean Community


Learning Path Approach – New Teacher Education in Ecuador, Preparatory Phase

Ecuador 6/2014–4/2015 Ministry of Education of Ecuador MINEDUC

Ministry of Education of Ecuador MINEDUC

Latin America, the Caribbean and the Islands of the Pacific

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Latin America, the Caribbean and the Islands of the Pacific

FCG AnzdecProject title Country Duration Client Financier(s)Finalization of Nauru’s Climate Change Adaptation and Disaster Risk Reduction Framework (RONAdapt)

Nauru 11/2013–5/2014 SPC EC

Design of an Institutional Framework for a New Climate Change Division in Niue

Niue 8/2014–12/2014 SPC SPC

Value Chain Mapping and Analysis – Virgin Coconut Oil

Pacific 2/2014–4/2014 NZAP NZAP

Sub-Regional Strategic Opportunities Programme

Pacific 6/2014–8/2014 IFAD IFAD

Preparation of a Climate Change Policy Framework for Palau

Palau 6/2014–ongoing SPC SPC

Samoa Agriculture Competitiveness Enhancement Project

Samoa 4/2014–3/2016 Government of Samoa WB

Solomon Islands: Public Financial Management Advisor in Education Sector

Solomon Islands

9/2011–3/2014 NZAP NZAP


SIPU InternationalProject title Country Duration Client Financier(s)CSO Reality Check (phase 2): A multi-year results-oriented evaluation of Sida’s support to civil society actors in developing countries via Swedish CSOs

Global 2/2014–4/2015 Sida Sida

Evaluation of the International Development Projects in Cambodia and Kosovo supported by the Swedish National Audit Office

Global 6/2014–12/2014 Swedish National Audit Office

Swedish National Audit Office

Evaluation of Norway's support to Women's Rights and Gender Equality in Development Cooperation

Global 7/2014–5/2015 Norad Norad

PFM & Aid effectiveness Help Desk to Sida


Evaluation of Leaders Engaged in New Democracies Network (LEND)


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Group Balance Sheet

FCG Group, Assets (€ 1,000) 31.12.2014 31.12.2013Non-current assetsIntangible assets Intangible rights 23 41 Group Goodwill 485 638 Goodwill 107 179 Other capitalised long-term expenses 253 426Tangible assets Land and waters 3 3 Buildings 35 55 Machinery and equipment 1 172 782 Other tangible assets 4 6 Advance payments and construction in progress 545Investments Participating interests 60 56 Other shares and similar rights of ownership 271 271Other receivables 8 9Non-current assets total 2 422 3 013

Current assets (€ 1,000)Stocks Raw materials and consumablesDebtors

Short-term debtors Trade debtors 13 841 14 588 Amounts owed by group undertakings 115 107 Amounts owed by participating interest undertakings Loan receivables 98 15

Other debtors 683 928 Prepayments and accrued income 6 840 9 637 Deferred tax asset 34 43Cash in hand and at banks 16 822 15 729Current assets total 38 434 41 047

Assets total 40 856 44 060

Group Statement of Income

FCG Group 1.1.–31.12.2014 1.1.–31.12.2013Net turnover 72 226 70 330Other operating income 270 244Raw materials and services

Raw materials and consumables

Purchases during the financial year 1 543 1 432 Variation in stocks 14 169 14 278 External services

Staff expenses 24 441 24 927 Wages and salaries

Social security expenses 3 605 3 853 Pension expenses 1 603 1 756 Other social security expenses

Depreciation and reduction in value 854 892 Depreciation according to plan

Other operating charges 23 914 22 326Operating profit 2 367 1 111

Financial income and expenses

Income from participating interests 2 Income from other investments held as non-current assets

Other interest and financial income 400 366 Interest and other financial expenses 151 396Profit before appropriations and taxes 2 617 1 080

Income taxes 564 389Profit for the financial year 2 053 691

Group profit for the financial year 2 053 691

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FCG Group, Liabilities (€ 1,000) 31.12.2014 31.12.2013Capital and reserves Subscribed capital 7 679 7 679 Unrestricted equity 12 000 12 000 Retained earnings 128 1 002 Profit for the financial year 2 053 691

21 860 21 372

Minority shareProvisions Provisions for pensions 83 82 Other provisions 86 134

CreditorsDeferred tax liability 232 221

Long-term Capital loan Other creditors 44

Short-term Loans from credit institutions Advances received 6016 9 370 Trade creditors 1 776 2 175 Amounts owed to group undertakings 103 114 Other creditors 3 701 3 465 Accruals and deferred income 6 999 7 083Short-term creditors total 18 594 22 207Creditors Total 18 826 22 472

Liabilities Total 40 856 44 060

Scope and Methods of Compilation of the Consolidated Financial Statements

period in accordance with the group’s ownership stake is presented in the financial items.

Receivables and debt denominated in foreign currencies have been converted into Finnish currency at the exchange rate on the reporting date. The income statements of foreign group companies have been converted at the average exchange rate of the accounting period and balance sheets have been converted into euros at the rate on the reporting date, and the exchange rate difference is contained in the profit for the accounting period. The translation difference resulting from the elimination of the Group’s internal ownership is presented under retained earnings for previous years.

Projects with a fixed budget are cautiously recorded as earnings according to the work performed up to the point allowed by the budget. Work and expenses in excess of the budget are recorded as project expenses. The corresponding earnings are not divided into periods.

Other projects are entered as income on a regular basis according to invoicing.

The consolidated financial statements consisting of FCG Finnish Consulting Group Oy and its subsidiaries are part of the Association of Finnish Local and Regional Authorities Consolidated Corporation whose parent company is the Association of Finnish Local and Regional Authorities, a registered association domiciled in Helsinki.

Copies of the consolidated financial statements of the Association of Finnish Local and Regional Authorities are available from Toinen linja 14, 00530 Helsinki.

The following companies were integrated into the consolidated financial statements:

− Parent company FCG Finnish Consulting Group Ltd − Subsidiary FCG Training Ltd − Subsidiary FCG Design and Engineering Ltd − Subsidiary FCG Consulting Ltd − Subsidiary FCG International Ltd − Subsidiary Asplan Oy, starting from 1 October 2013,

merged into FCG Design and Engineering Ltd on 31 March 2014

− Subsidiary FCG Anzdec Ltd, New Zealand − Subsidiary FCG Invicta Oü, Estonia − Subsidiary Finnish Consulting Group SRL, Romania − Subsidiary LLC Finnish Consulting Group, Ukraine − Subsidiary FCG SIPU International AB, Sweden − Subsidiary POVVIK AD, Bulgaria − Affiliated company Oü Projektkeskus, Estonia − Affiliated company Oü Elevandi Kinnisvara, Estonia

The company named SIPU AB of which Sipu International AB owns 60% was not integrated into the consolidated financial statements. The non-integration is based on Chapter 6, Section 3(1) of the Finnish Accounting Act.

The consolidated financial statements have been prepared using the acquisition cost method. Intra-group transactions, internal receivables and debt and internal distribution of profit have been eliminated.

Affiliated companies are consolidated using the equity method. The share of the affiliated company’s result for the

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Activity ReportEstimate of the most significant risks

Structural changes in municipal administration and the decline in public economy in Finland, together with the resulting increase in competition, require that, in particular, the management of projects is continually improved and resources are used efficiently. Risks associated with the international operating environment and, particularly, emerging economies, are often higher than in Finland. However, the gap between the Eurozone and the rest of

the world has decreased or even turned upside-down due to uncertainties in the eurozone. The company keeps risks systematically under control as part of its normal project operations. An external expert was used in connection with the establishment of foreign branch offices.

FCG’s Board of Directors 2014 from left to right in the back: Tapio Korhonen, Ari Kolehmainen, Timo Kietäväinen, Pentti Kotiranta and in the front: Timo Laitinen, Merja Strengell, Kari-Pekka Mäki-Lohiluoma and Marketta Kokkonen.

Environmental factors

The nature of the operations is such that they only have minor environmental effects. In the case of infrastructure activities, FCG always applies state of the art environmental impact assessments, and aims to ‘do no harm’. The company has minimized paper consumption and waste is sorted and recycled. Travelling has been scaled down where possible through videoconferencing. FCG also takes environmental considerations into account via the specific services offered to customers, many or which specifically address environmental and climate change issues.

Essential events following the accounting period

The operations of FCG will be strengthened on the basis of customer needs in response to changes in the operating environment. Close cooperation with the Group’s owner, the Association of Finnish Local and Regional Authorities and other partners will be continued. Probable future development

The turnover of the FCG Group is expected to increase in 2015 in comparison to 2014. The full consolidated result is expected to be at least at the 2014 level. Survey of the scope of research and product development activities

The Group’s business is customer-oriented and designed to meet customers’ particular needs. In product development, individual funding granted to external operators stood at EUR 0.3 million, while the turnover of network projects service product development totalled EUR 1 million. Working methods are under continuous development, with part of this development being carried out as cooperation projects with companies outside the Group. Significant methodological and other development work is performed in connection with international bidding operations.

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Proposal by the Board of Directors for measures to be taken concerning the Group’s profits

The parent company’s distributable assets totalled EUR 14,750,805.80 on the closing date. The parent company’s profit for the period stood at EUR 1,196,009.56.

The Board of Directors proposes to the Annual General Meeting that the distributable assets be used as follows

Paid as dividend €1,300,000.00Left in equity €13,450,805.80 €14,750,805.80

The number of the company’s shares by type of share and the main provisions in the by-laws concerning each type of share

The company’s capital stock is divided as follows

2014 2013 shares (one vote/share) 19,679,000 19,679,000

All shares have the same dividend rights and rights to the company’s assets. Information on the Group’s foreign branches

New foreign branches were opened in Greece and Ecuador. Self-owned shares

The company has no self-owned shares in its possession.

Information about the Group’s organisation, management and auditor

During the accounting period, FCG Finnish Consulting Group Ltd’s Board of Directors consisted of the following people:

− Kari-Pekka Mäki-Lohiluoma, Chairman of the Board − Timo Kietäväinen, Deputy Chairman − Marketta Kokkonen − Pentti Kotiranta − Merja Strengell − Timo Laitinen − Tapio Korhonen starting from 29 April 2014

Mr Ari Kolehmainen (M. Admin. Sciences), is the company’s Chief Executive Officer

During the 2014 financial year, the Group Executive Team consisted of the following members, in addition to the CEO:

− Anette Vaini-Antila, International Business Operations − Jari Marttinen, Design and Engineering, starting

from 1 August 2014 − Aija Tuimala, Consulting Services, until 30

September 2014

During the financial period, the company’s auditor was KMPG Oy Ab, Authorised Public Accountants, with Heidi Vierros acting as principal auditor.

FCG’s management teamAnette Vaini-Antila, Ari Kolehmainen and Jari Marttinen.

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StrategyThe primary objective of the Group’s strategic leadership is to secure stable and profitable operations, while systematically renewing all business areas.

FCG Group CEO Ari Kolehmainen

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FCG Finnish Consulting Group LtdOsmontie 34, P.O. Box 950

FI–00601 HelsinkiTel. +358 104 090

Fax +358 10 409 5001www.fcg.fi

FCG - Finnish Consulting Group€¦ · · 2015-04-232 FCG’s year 2014 • 4 FCG worldwide • 6...

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