Notes to the financial statements

1. Principles of the consolidated financial statements 2. Breakdown of turnover by sector 3. Wages paid during the accounting period 4. Staff employed by the group 5. Financing income and expenses 6. Tangible and intangible assets, and depreciation 7. Other shares and holdings 8. Group companies 9. Receivables from subsidiaries of the same group 10. Essential items contained in accrued income 11. Increases and deductions to equity items 12. Provisions 13. Long-term debt 14. Imputed tax liability 15. Loans to subsidiaries of the same group 16. Essential items contained in accrued expenses 17. Funding received from the State budget 18. Staff included within State funding19. Funding received from the EU 20. Guarantees, collateral and liabilities provided21. Finavia's electricity network operations 22. Emission rights

21. Finavia’s electricity network operations

Itemised result of electricity network and sales operations in accordance with the Electricity Market Act (386/1995).

Basis of division of joint costs and balance sheet items

Income statement

Planned depreciation

Planned depreciation was calculated in accordance with the joint depreciation principles of the group.

Other operating costs

A proportional share of the airport overhead expenses will be targeted at the electricity network operations of the
electric power plant in operation at Helsinki-Vantaa Airport, in proportion to the number of persons. In addition,
a share of group/headquarters costs will be targeted at the electricity network operations, distributed in accordance
with budgeted costs.

Balance sheet

When the electricity network operations started in 1996 the opening balance sheet was formed from the fixed
assets (equipment and buildings) of the network operations. The liabilities in the balance sheet were divided
between basic capital and other equity of the start-up phase.

Staff

During the accounting period, the staff of the electricity network operations was 7 ( 7) on average.

 

		POWER PLANT
INCOME STATEMENTS		NETWORK OPERATIONS		SALES OPERATIONS
		2006	2005	2006	2005
Turnover		2 152	2 286	3 646	3 307
Materials and services
Materials and equipment
	Purchases during the period	97	84	3 417	3 120
External services		869	796	33	17
Staff costs
	Wages and fees	256	278	18	27
Indirect employee costs
	Pension costs	44	51	3	5
	Other indirect employee costs	13	14	1	1
Planned depreciation and impairment
	Intangible rights	7	7
	Buildings and structures	23	24
	Machinery and equipment	400	344
		430	375
Other operating costs		277	471	39	33
Operating profit		166	217	135	104
Financing income and expenses
	Other interest and financing costs	-24
Profit before closing transfers		142	217	135	104
Profit for the period		142	217	135	104

BALANCE SHEET			NETWORK OPERATIONS
			2006	2005
ASSETS
Fixed assets
	Intangible rights		0	7
	Material goods
		Buildings and structures	652	676
		Machinery and equipment	4 656	3 266
		Advance payments and
		unfinished projects	67	437
			5 375	4 386
Current assets
	Receivables Short-term
		Sales receivables	297	248
		Accrued income	5	4
			302	252
			5677	4 638
LIABILITIES
Equity
	Basic capital		1 312	1 312
	Other equity in the start-up phase		875	875
	Profit from earlier periods		1 212	995
	Profit for the period		142	217
			3 540	3 399
Liabilities
	Long-term
		Subscription fees	501	327
	Short-term
		Accounts payable	225	351
		Other short-term	1 346	500
		Accrued expenses	65	61
			1 636	912
			5 677	4 638
In 2006, net investments were EUR 1,419,045.
Return on invested capital (%)
In network operations, the return on invested capital (%) was 4.0 % (6.4 %).
formula:
( profit before extraordinary items + interest costs and other financing costs )
total assets - non interest-bearing loans