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

CASH FLOW STATEMENT

 

	GROUP		FINAVIA
	2006	2005	2006	2005
	1 000 €	1 000 €	1 000 €	1 000 €
CASH FLOW FROM OPERATIONS
Payments received from sales	284 150	258 876	266 034	243 007
Payments received from    other income from operations	433	1 200	428	1 047
Payments for operating costs	-214 256	-183 829	-206 164	-177 762
Cash flow from operations before    financial items and taxes	70 327	76 247	60 298	66 292
Interest and financing expenses paid	-7 196	-6 426	-4 090	-3 463
Interest payments received    from operations	3 655	2 099	3 445	1 985
Financial considerations received	766	846	0	0
Dividends received	15	20	15	20
Direct taxes paid	-189	-819
Cash flow before extraordinary items	67 378	71 967	59 668	64 834
Cash flow from operations	67 378	71 967	59 668	64 834
CASH FLOW FROM INVESTMENTS
Investments in tangible and    intangible goods	-84 193	-62 726	-59 878	-48 198
Income from assignment of    tangible and intangible goods	1 386	4 153	126	235
Investments in other investments	2 105	-562	2 105	-562
Investments in shares of subsidiaries	1 474	0	764	-3
Subscription fees and retention money	513	0	564	99
Cash flow from investments	-78 715	-59 135	-56 319	-48 429
CASH FLOW FROM FINANCING
Short-term loans taken out	100	657	0	286
Repayments of short-term loans	-557	0	-3 788	0
Long-term loans taken out	26 350	6 000	0	0
Repayments of long-term loans	-15 113	-8 115	-8 532	-5 132
Profit crediting paid	-10 000	-4 508	-10 000	-4 508
Cash flow from fi nancing	780	-5 966	-22 320	-9 354
CHANGES IN LIQUID ASSETS	-10 557	6 866	-18 971	7 051
Liquid assets January 1	48 961	42 095	48 603	41 552
Liquid assets December 31	38 404	48 961	29 632	48 603