Cooperative
Instead of obtaining a profit for its members, the purpose of a cooperative is to offer services for its members. Only a limited consideration on capital invested in the cooperative is paid from the profits. The profits, or the surplus, may be distributed to the members as extra wages, interest on cooperative capital or return of the surplus according to the use of the cooperatives services by the members, or as otherwise stipulated in the rules. Work cooperatives may pay extra wages to the members. Cooperatives are subject to a reserve requirement; part of the surplus must be transferred to the reserve fund, after the losses shown by the balance sheet have been subtracted.
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Phone: +358 (0)9 310 36360
