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

AUDITORS’ REPORT

To the Government

We have audited Finavia’s accounting records, financial statements, annual report and administration for the accounting period 1 January – 31 December 2006. The Board of Directors and Chief Executive Officer have prepared the annual report, financial statements which include Finavia’s balance sheet and the consolidated balance sheet, income statement, cash flow statement, and notes. Based on our audit, we issue a statement on the financial statements, annual report and administration.

We have conducted the audit in accordance with sound accounting principles. The accounting records, and the content, presentation and accounting principles used in preparing the financial statements and annual report, have been examined to the extent required to obtain reasonable assurance that the financial statements and annual report do not contain serious errors or deficiencies. The purpose of our audit of the administration is to examine whether
members of the Board of Directors of Finavia and the Chief Executive Officer have complied with the State Enterprise Act and the act governing Finavia.

In our opinion, the financial statements and consolidated financial statements have been prepared in accordance with the rules and regulations governing the preparation of financial statements. The financial statements, consolidated financial statements and annual report give a true and fair view of the operations, finances, financial development and financial obligations for the accounting period. The annual report is consistent with the financial statements. The financial statements and consolidated financial statements can be adopted. There are no obstacles to the proposal of the Board of Directors for the use of the profit for the accounting period.

Finavia’s administration has been organized in accordance with laws and decrees, and the decisions of Parliament, the Government, Ministries, and other supervisory decisions. Finavia’s internal supervision and inspection have been organized appropriately.

Vantaa, 21 March 2007

Seppo Akselinmäki, Chartered Public Finance Auditor
Jorma Tuominen, Chartered Accountant