Assets under management increased by 6% to EUR 2.7 billion as per the end of 2014. The operating income (excluding extraordinary results) increased by 4.8% to EUR 25.3 million (2013: EUR 24.2 million). The total income was EUR 30.8 million due to extraordinary gains on investments resulting from the sale of shares in equity investments in Emerging Markets.
Expenses in 2014 increased by 7.8% to EUR 19.9 million (2013: EUR 18.5 million), primarily because of an increase in direct and indirect co-worker costs.
Profit, after tax, was EUR 8.2 million, up by 76.4% compared with 2013. This strong increase of profits is mainly due to the gains on investments resulting from the sale of shares in equity investments in the Triodos Sustainable Finance Foundation and Hivos Triodos-Fund portfolios. The net profit, without the extraordinary income, amounts to EUR 4.1 million, a 4.1% decrease compared with 2013 (EUR 4.7 million).
Triodos Investment Management’s balance sheet consists mostly of cash, short term debtors on managed entities and short term liabilities to Triodos Bank.