Our operations have both direct and indirect economic impacts. Caruna has 270 employees. In 2016, we also employed roughly 2,000 contractors in projects across Finland. In addition, Caruna indirectly provides work for 4,000 people.

Economic value added to society

The most significant direct cash flows in our business consist of electricity distribution fees, purchases from service and goods suppliers, compensation to investors, network renewal and maintenance investments, personnel wages and tax-like payments.

For further information about economic value added by Caruna, see here.

Indirect economic impact

We observe the Finnish legislation in the paying, collecting, accounting and reporting of our taxes.

We observe the Finnish legislation in the paying, collecting, accounting and reporting of our taxes. For Caruna, accurate and timely actions in filing tax returns and dealing with other statutory obligations is of primary importance.

The term ‘tax footprint’ refers to the income society receives from a company’s corporate taxes and tax-like payments. In addition to direct and indirect taxes, Caruna’s tax footprint includes reports on tax withheld from employee wages and social security contributions.

The tax footprint summary includes taxes and tax-like payments Caruna is legally obliged to pay or collect. However, the summary does not cover taxes which are included in the purchase price of products or services and which Caruna is not legally required to report.

For further information about Caruna's tax footprint, see here.