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

20. Guarantees, collateral and liabilities provided

 

		GROUP		FINAVIA
		2006	2005	2006	2005
The sums are in accordance with the remaining asset values
Loans of subsidiaries, for which a guarantee was provided:
	Loans from financial institutions	68 932	75 196	68 932	75 196
	Bank account limits	84	84	84	84
	Commercial paper programme	10 000	10 000	10 000	10 000
Total guarantees provided		79 016	85 280	79 016	85 280
Loans of subsidiaries, for which collateral was provided:
	Loans from financial institutions	21 159	1 226
Total own collateral		38 523	2 523
For the following loans Finavia and subsidiaries agreed with the financier on covenants as security:
Kiinteistö Oy Turun Lentorahti		3 152	1 908
In the covenants it was agreed that the gearing ratio of Koy Turun Lentorahti Oy would be maintained at the agreed level. The debtor cannot pledge its property, or give it as a security in another way, without the written authorization of the bank. Finavia agrees to maintain the present level of its holding in Koy Turun Lentorahti.
IP-Kiinteistöt Oy		10 790	6 000
In the covenants IP-Kiinteistöt Oy agrees to maintain its gearing ratio as the agreed level, and Finavia agrees to maintain its holdings in IP-Kiinteistöt Oy.
Other liability commitments		83	32
Leasing liabilities
	To be paid in the 2007 accounting period	4 641	4 193	3 983	3 679
	To be paid later	19 043	19 618	16 638	16 913
Total guarantees, collateral and liabilities given		155 248	119 554	99 637	105 872

 

Other liabilities

Finavia has hedged electricity purchase prices using derivative agreements (forward contracts). In the 2006 financial statements, the nominal value of the portfolio was EUR 6,114,144.26 and the fair value of the derivatives was EUR 538,019.41.