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It's better now. Can someone answer or listen? No, it's a rewind, damn it. It's really hard to go through the same text. I'm convinced that it's not the same text. Yes, welcome everyone. Sorry for being late. I haven't pressed the mic yet. Or I haven't pressed the mic yet. But this is a matter of course. Listen. Let's briefly go through what... what has happened in the last six months. Net profit is 17% and net profit is 35%, and net profit is 36%. In terms of numbers, the net profit of 6 million euros is very large. It has to be divided into parts, and it's roughly like this. It's more than 2 million euros, and from that comes 2 million euros in interest. from the investments and 2 billion from the withdrawals. The withdrawal comes from the fact that the market situation on the exit side is very bad. We know anyway that even for a year, the income will change, because it is quite dependent on a few large transactions, and they have not yet gone to the target. One transaction was in the second half of the month, so we don't know exactly what it was. In the investments, this 2 billion thing, there are downloads. asuntopuolelta ja sitten myös USD vaikutusta, mikä johti siihen, parin millin tappioon siellä. Ja sitten varainhoito, se kaksi milliä, niin kuin siellä lehtissä lukee, niin puoli milliä on kertakustannuksia strategiamarkkinaselvityksistä, ja sitten sielläkin USD-alla on vaikutusta private equity rahastojen kautta, eli meidän Jenkki private equity rahastoja, kun ne konvertoidaan euroiksi, and the impact of those 90% years on it. Of course, after that, there is also some kind of a minus, but that minus is not that big of a deal. Well, let's take a closer look at the discounted PADAT, 10 billion free reporting services. It's amazing that in stocks and interest rates, The first half of the year, 9% of the capital was better than the index. In the same three years and five years, the figure was even higher. The new capital was collected, over 200 million. The private equity capital received about 2 million euros. So, there was a gap of 17 million to 17 million. And then 18 million. euro to our secondary fund, which was re-opened. And then 37 million was invested in the third fund. So, in our opinion, this is an excellent performance on the market, because on the private equity side, the exit market in general has been quite nimble. If we can get this amount collected here, we are satisfied with it at this point. And as already stated, Jouta Pölönen will start

vajankuulainen päästökohtaisen toimitusjohtajan. No, rullaava.

Tässä ei ole kauheasti ehkä sen enempää kommentoitavaa. Tämä on vain taustamateriaalia teille, mutta pitää näkee, että alaspäin ollaan ylhäältä tultu. Samalla kuitenkin tuo on a good level. In any case, there is nothing new for you. There is no tax liability, the court's position is good. As for the housing management, which of course is the most important one, there the net profit fell by 5%, so quite a bit, in all, less than 2 million euros, and the net profit then is about 2 million euros. As I said earlier, there are about half a million cost-effectiveness costs. We have also placed some more people here. The costs have remained very good at the same level as before. The cost-effectiveness is below 90-50%. on all sides. And where does this come from, this change in the tax rate and interest rates? There was a drop in Hive, a few hundred tons in the tax reduction, which was not the case when the market was weaker, so there is nothing more to it. On the real estate side, as soon as the value of the property decreases, our tax returns will decrease there, so this year it is 1.5 billion compared to the previous one. On the private equity side, So, the discounted salaries increased by half a million, but this installment, the SLF installment that we have, it wasn't there with the previous three. And at the same level, of course, now throughout the year, it dropped by half a million last year. These are the same numbers as before. In the lower left corner, we can see that private equity and real estate are getting closer to each other. Now, 41% is private equity, 44% is real estate, and the share prices are 15%. Of course, it's good that the real estate discount rates are coming down, but the fact that private equity discount rates are increasing is very important for us, and we are I'm glad that this has happened. In terms of risk, the more balanced the pie chart is, the better it would be in terms of risk share. We will pay the revenue tax before the end of the year. A rolling turnover of 0.7 million net turnover and 31.5 million net turnover. In the lower interest rates, it was a little bit lower than 1 billion. As you can see from the private equity side, the dollar's impact is visible. The private equity prices, even though the low prices in the US have gone up well, In the first six months, the 11% drop was so big that there was not such a big uplift.