The documents of the Student Union of the University of Helsinki

The Student Union of the University of Helsinki is a public corporation that has the right to self-governance. Its status is based on the Universities Act (558/2009). Based on the Student Union’s statutory, confirmed Constitution, the finances of properties owned by the Student Union, which are subject to the Accounting Act, function as the parent community of Ylva, a group consisting of entities of different forms, as referred to in the Accounting Act.

The consolidated financial statement is a financial statement that collects the financial statements of all the different parts of Ylva together and thus gives the clearest picture of Ylva’s financial situation.

The consolidated financial statement is approved by Ylva’s Board, and Ylva’s Supervisory Board issues a statement on it to the Representative Council. The consolidated financial statement is presented to the Representative Council every year in its spring meeting on the financial statement.

The financial statement of property finances is a statutory document that serves as the basis for the company’s tax return and defines its distributable assets.

HYY’s property finances conducts real estate business and securities investment activities (securities portfolio and venture investments). Business operations are also conducted under the brand name Ylva (previously HYY Real Estate). HYY’s property finances has five subsidiaries: Ylva Services Ltd, Kiinteistö Oy Leppätalo, Kiinteistö Oy Kaivokatu 12, Ylva Helsinki Oy and Kiinteistö Oy Helsingin Lyyra. HYY’s property finances, its subsidiaries and Ylva Services Ltd together make up Ylva. HYY’s property finances is the group’s parent community.

Ylva is responsible for drafting the financial statement and annual report of property finances. Ylva’s Board submits the financial statement of property finances for approval, with HYY’s Board approving and signing it. The Supervisory Board issues a statement on the financial statement for the Representative Council. The financial statement and annual report are brought to the Representative Council’s spring meeting on the financial statement for confirmation.

The financial statement and annual report of property finances are made annually.

In accordance with the Administrative Regulation, this document defines Ylva’s annual investment and risk framework. Ylva’s Ownership Strategy provides a more long-term perspective on the investment and risk framework.

Ylva is responsible for preparing the investment and risk framework. Ylva submits the document it has prepared to the Board, which proposes the framework to the Representative Council for approval. The approval takes place in the Representative Council’s meeting – typically the budget meeting, which is usually the council’s last meeting of the year.

In the investment and risk framework, the owner accepts the liability risks for the proposed period. The investment and risk framework refers to the maximum amounts of equity investments, shareholder loans, guarantees and other securities.

The following are considered as liability risks: equity investments, internal and external loans, and granted guarantees, mortgages and securities. The investment and risk framework determines the maximum amount for these risks.

The investment and risk framework is made annually.

Unfortunately, recent investment and risk frameworks are not available in English.

The Ownership Strategy determines HYY’s will regarding the direction of Ylva’s business operations and creates a framework for drafting Ylva’s business strategies.

Ylva and the Student Union’s Board are responsible for preparing the Ownership Strategy, while the Student Union’s Representative Council approves it.

The policies of the Ownership Strategy create a framework within which the business strategies of Ylva must be drafted. The Ownership Strategy defines the indicators that show the owner’s will to advance the positive development of these areas of business. The document is public and meant for all members of the Student Union. Based on a statement drafted by the Supervisory Board, the Representative Council assesses the implementation of the Ownership Strategy annually in connection with discussing the financial statement.

The Ownership Strategy is updated every four years but assessed once during the term of each Representative Council.

The budget of Ylioppilaslehti sets out provisions for the magazine’s financial management during the following year.

The budget of Ylioppilaslehti is drafted by the editor in chief of the magazine and approved by the Board of Ylioppilaslehden Kustannus Ltd. The Student Union’s Board confirms the budget, and the Financial Committee then issues a statement on it for the Representative Council. The budget is finally presented to the Representative Council in its budget meeting, which is usually its last meeting of the year.

Unfortunately, the budget of Ylioppilaslehti is not available in English.

The document detemining the ownership streering policies for Ylioppilaslehden Kustannus LTD determines the owner’s will regarding the direction of the business operations of Ylioppilaslehden Kustannus Ltd. The policies of the steering document create a framework within which the strategy of Ylioppilaslehden Kustannus Ltd must be drafted.

The Student Union’s Board is responsible for preparing the document detemining the ownership streering policies, while the Student Union’s Representative Council approves it.

The values and goals of Ylioppilaslehden Kustannus LTD are determined in the document. The document does not impede the journalistic freedom of Ylioppilaslehti.

Based on a statement drafted by the Board of Ylioppilaslehden Kustannus Ltd, the Representative Council annually assesses the implementation of the steering document in connection with discussing the financial statement.
The document may be updated whenever the owner considers it necessary, the necessity of updating the document must be considered at least every four years.

Unfortunately, the document is not available in English.

The financial statement and annual report of Ylioppilaslehti are statutory documents that provide an overview of the company’s operations during the previous year.

The financial statement and annual report of Ylioppilaslehti are drafted by the editor in chief of Ylioppilaslehti and approved by the Board of Ylioppilaslehden Kustannus Ltd. The Student Union’s Board confirms the financial statement and annual report and the Financial Committee then issues a statement on them for the Representative Council. The financial statement and annual report are then presented to the Representative Council in its spring meeting on the financial statement. The financial statement and annual report are drafted annually.

Unfortunately, the financial statement and annual report of Ylioppilaslehti are not available in English.