Board of directors' report

Board of directors' 2006 Finavia group organization The deveploment of Finavia's business environment in 2006 Finavia's service objectives Finavia's environmental work Profit deveploment Financial effects of the separation of the flight safety authority Finavia group profit 2006 Finavia income distribution Capital investments 2006 Financing 2006 Personnel Changes in administration Operating risks and risk management Group structure and changes in the group relationships during the financial year Material events after the financial year and prospects for 2007 Income statement Balance sheet Cash flow statement Signatures of the financial statements and annual report Auditors' report

PERSONNEL

Finavia employed an average of 1,707 (1,807) persons in 2006 measured as personnel working years. Th e 5.5 % reduction arose from the separation of the official functions into a separate agency. The number of personnel for the entire Group at the end of 2006 was 2,536 (2,385) persons. The number of personnel in the Group rose by around 6 %. The greatest increase in personnel was at Airpro Oy.

Work on specifying the competences for the areas of activities continued during 2006. Fields of competence and their skills were specified for the areas of activities during the year and the levels of competence for various tasks were also specified. Training for supervisors continued in accordance with the learning path for supervisors model. Supervisors from the subsidiaries also took part in the training for supervisors for the first time. Tailored training packages were planned for the various supervisory levels.

A profit bonus on the basis of the operating profit has been paid to staff since 2003. In accordance with the bonus criteria, Finavia will pay the staff a total of EUR 1.027 million (EUR 0.4 million) from the profit for 2006 into the staff fund as a profit bonus. This cost is included in staff costs in the income statement. Finavia also has a performance-related pay scheme approved by the Board for the managers of the units at corporate headquarters, regional managers, airport managers and the members of the management group of Helsinki-Vantaa Airport. Staff members who receive performance-related pay are not members of the personnel fund. A total of EUR 0.03 million (EUR 0.03 million) in performance-related pay was paid in 2005. The information on performance-related pay for 2006 is not yet available. The Board of Directors approves the amount of performance-related pay.