We have audited the accounting, the financial
statement, the Group’s financial statement of the CAA
as well as its administrative practices and finances for the
fiscal period of January 1st-December 31st, 2003. The financial
statements, which have been prepared by the Board and the
Managing Director, include the Annual Report for CAA and the
Group, the profit and loss accounts, the balance sheets and
the notes to the financial statements with their financing
statements. Based on this audit, we will issue a statement
on the financial statements and on the administration.
We have conducted the audit in accordance with the Finnish
Standards for Auditing, which require that we perform the
audit to obtain reasonable assurance on whether the financial
statements are free of material misstatement. An audit of
Management has confirmed that the members of the Board and
the Managing Director have acted legally in accordance with
the State Enterprises Act and the regulations governing the
Civil Aviation Administration.
We hereby declare that
• The management of the Civil Aviation Administration
is properly organised;
• Bookkeeping has been arranged and conducted in accordance
with the regulations and with good accounting practice; Auditors’
Report
• The financial statement has been prepared in accordance
with prevailing regulations and with good accounting practice;
• The financial statements of the CAA and of the CAA
Group with their appendices, together with the annual report
submitted to the Government, provide an accurate account
of the Civil Aviation Administration’s finances and
the achievement of objectives set by Parliament and the
Government.
We have examined the profit and loss accounts, the balance
sheets and the additional information that has been itemised
separately in accordance with the Electricity Marketing Act.
The calculations have been performed correctly in all essential
aspects in accordance with the Electricity Marketing Act and
the regulations and provisions relating to it.
We recommend that the accounts be closed and the Group financial
statement be approved and that the proposal by the Board contained
in the annual report on the disposal of profit be accepted.
Vantaa, March 11th, 2004
Seppo Akselinmäki
Chartered Public Finance Auditor
Jorma Tuominen
Chartered Accountant
