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Financial results

Assets under management increased by 15% to EUR 2.5 billion in 2013. Income increased by 6.5 % to EUR 24.7 million (2012: EUR 23.2 million) reflecting an increase in assets under management.

Expenses in 2013 increased by 7.7 % to EUR 18.5 million (2012: EUR 17.2 million), primarily because of an increase in direct and indirect co-worker costs.

Profit, after tax, was EUR 4.7 million, up by 3.2% compared with 2012.

Triodos Investment Management’s balance sheet consists mostly of cash, short term debtors on managed entities and short term liabilities to Triodos Bank.