Ilmailulaitos - Vuosikertomus 2005

Report by the Board 2005

Report by the Board

Trends in the CAA's business environment in 2005 CAA service goals for 2005 CAA Finland group organization Earnings trend Personnel Changes to the board The outlook for 2006 Profit and loss account Balance sheet Cash flow statement

Notes to the financial statements

1 Consolidated accounting principles 2 Turnover by business area 3 Salaries for the financial period 4 Personnel employed by the CAA Group 5 Financial income and expenses 6 Intangible and tangible assets and amortisation and depreciation 7 Shares and holdings and other investments 8 Group companies 9 Receivables from other Group
subsidiaries 10 Substantial receivables carried forward 11 Increase and decrease in own equity items 12 Provisions 13 Non-current liabilities 14 Deferred tax liability 15 Debt to other CAA Group subsidiaries 16 Relevant items of accrued expenses 17 Funding from the State budget 18 Personnel covered by State funding 19 Funding from local authorities 20 Funding from the EU 21 Guarantees, pledges and liabilities 22 The CAA in the proposed state budget 2005 23 Official activities and their finances 2005 / 2004 24 CAA electric power grid operations 25 Emission rights

Proposal for the use of profit Auditors' report

The Flight Safety Authority Airport Architecture

1 Consolidated accounting principles

The CAA financial statements for 2005 have been prepared in accordance with the account principles for state enterprises and groups as laid down in the decision of the Government dated December 17th, 1998 (1023/98).

All Group companies have been included in the consolidated financial statements. The associated company Helsinki-Vantaan Lentoaseman Taksipalvelut has been omitted due to its non-relevant influence on the Group’s equity. More detailed information on the companies that belong to the Group is given in section 8, “CAA Group Companies”.

Internal transactions within the Group, including internal receivables and liabilities, have been eliminated. Cross-ownership of shares has been eliminated using the acquisition cost method. Minority interests have been removed from the Group’s own equity capital and earnings are shown as a separate item on the balance sheet. The deferred tax liability on balance sheet transfers has been shown as a separate item.

Valuation principles used in the financial statements

Capital assets are capitalised at direct acquisition cost. Planned depreciation items are calculated within the Group according to a uniform principle governing the economic life of each asset. Non-current investment assets and financial instruments held as liquid assets are valued according to their purchase price or at market price, whichever is lower.

The value of the stocks and inventories has been calculated according to market averages.

The financial statements concerning the electric power grid and the sale of electricity appear separately in the notes to the financial statements, as required by the Electricity Market Act.

Notes to the profit and loss account

The figures in the tables are in thousands of euros, unless otherwise stated.