AUDITORS' REPORT
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, 2004. 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 audition, 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;
• 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 9th, 2005
Seppo Akselinmäki, Chartered Public Finance Auditor
Jorma Tuominen, Chartered Accountant
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