Ixonos' Corporate Responsibility
Responsibility - Ixonos as part of society
Responsibility is one of Ixonos' values. We believe that acting responsibly is a prerequisite for achieving our strategic goals.
Our objective is to be a strategic partner of leading Finnish and international players. This calls for taking care of responsibilities and commitments. Our company values define and support our ambitions to act responsibly towards all our interest groups as well as towards the environment. We are committed to responsibility and to high ethical standards, both locally and internationally.
Our goal is to provide our customers with intelligent solutions for software production and for project management. These solutions offer our customers new flexibility and cost-effectiveness in controlling risks related to their business operations and their product development activities, in expediting their software and product development cycles, in promoting their competitiveness, as well as in focusing on their core business.
For our shareholders, increasing turnover and profit denote growing corporate value and return on investment. The financial effects on society are made up of taxes paid by the company and its employees, as well as of contributions to non-profits. Ixonos annually supports organisations that work to relieve the suffering and distress of children and young people, and to promote their well-being and their education opportunities domestically and internationally.
The well-being and comfort of our personnel forms the basis of our social responsibility. Key development areas are the quality factors of working life: versatile tasks, ample opportunities to influence one's own work, a good working atmosphere, close-hand support, and the rewards of one's work. The task of Ixonos' management is to create operational preconditions that support operations in accordance with the mission and building the future according to the values, mission and vision.
Our objective is an organisation characterised by a decision-making system that encourages participation, by mutual exchange of experiences and skills, by flexible structures, and by organised internal learning in a favourable atmosphere.
Equality is a component of the company's personnel policy, and will be reviewed yearly in that context.
The starting point for Ixonos' environmental policy is the company's service business, which involves developing and maintaining customers' business operation processes, industrial production processes, and communication-enhancing software, thus relieving the strain on the environment. The aim of the environmental policy is to promote the principles of environmental protection and sustainable development in the company's business operations, and to ensure that all business processes comply with those principles.
Ixonos obeys all local environmental regulations, legislation and recommendations. In material purchases, we choose recyclable products that pose minimal hazard to the environment. We strive to consume energy and materials economically.
We promote electronic communication, material reuse, and recycling, thus reducing the amount of waste. Electronic internal invoice circulation and electronic filing have reduced the amount of paper waste, since the need to create paper copies of memos and similar documents has decreased. By careful planning of travelling days, and by increased use of telephone and video conferencing, we have been able to reduce travel, and thereby also the strain on the environment.
Continuing to promote environmentally friendly practices, we will, in the year 2008, define a more detailed environmental programme to be founded on this policy.
Economic impacts
The impacts of Ixonos' business operations on surrounding society can be measured by the cash flow between the company and its stakeholders. The most significant immediate economic impacts are related to the customers, personnel and shareholders.
Ixonos provides services to leading international mobile and smartphone manufacturers, mobile network suppliers, and telecom carriers, as well as to Finnish finance, industrial and service sector companies and public administration organisations. In 2007, the income from customers was EUR 59.2 million (2005: 39.2). Purchases from suppliers of goods and services amounted to EUR 7.2 million (2005: 2.8).
At the end of 2007, Ixonos had 874 employees (2006: 579). The total amount of wages, compensations and indirect employer's expenses was EUR 36,7 million (2006: 24.8). Of this sum, performance based compensation applicable to the entire staff accounted for EUR 1,1 million (2006: 0.6).
At the end of the year, Ixonos Plc had 2,937 shareholders (2006: 2,190). Private persons owned 58 per cent (2006: 65%) and institutions 42 per cent (2006: 35%) of the company's shares. The Ordinary General Meeting was presented with the proposition that Ixonos should pay to its shareholders dividend totalling EUR 1.6 million for the year 2007 (2006: 1.3), or EUR 0.18 per share (2006: 0.27). During the year 2007, the value of the company's share increased 28.9 per cent on the Nordic Market in Helsinki.
The total amount of growth investments was EUR 4,1 million (2006: 5.2). The main part of that amount pertained to acquisitions. In 2007, Ixonos paid EUR 132 million (2006: 1.0) in taxes based on its result. The company supported charities with over EUR 23,000. Major recipients were the Mannerheim League for Child Welfare and Suomen World Vision.
Generation of Added value (EUR million) | IFRS 2007 | IFRS 2006 | |
| Customers | + Services | 59.2 | - 39.2 |
| Suppliers | - Acquisitions | - 7.2 | - 4.6 |
| = Added value | 52.0 | 34,6 | |
Distribution of added value | |||
| Personnel | - Personnel costs | - 36,7 | - 24.8 |
| Shareholders | - Dividend | -2,0 | -1.3 |
| Financiers | - Net financing costs | - 0,3 | - 0.2 |
| Public sector | - Taxes | - 1.3 | - 1,0 |
| Share allocated to development of business operations | 11,7 | 7.3 | |
| - Growth investments | - 4.1 | - 5.2 | |
| - Repayment of equity | - 1.0 | - 0.7 | |