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

1. Principles of the consolidated financial statements

Finavia’s 2006 financial statements have been prepared in accordance with the Government Decree (160/2004) issued on 26 February 2004 on the accounting and financial statements of State-owned enterprises.

All the companies in the group are included in the consolidated financial statements. The associated company Helsinki Vantaan Lentoaseman Taksipalvelut Oy is not included in the consolidated financial statements because it has no essential impact on the group’s equity. More detailed information about the companies that belong to the group is provided in the section of the notes to the financial statements 8. Group companies. Internal transactions within the group, and internal receivables and loans have been eliminated. Cross ownership of shares has been eliminated using the acquisition cost method. Minority interests are distinguished from the group’s equity and profit and entered as a separate item in the balance sheet. Tax liability calculated from closing transfers is entered as a separate item.

Valuation principles followed in the preparation of the financial statements

Fixed assets are activated in direct acquisition costs. Planned depreciation and amortisation expenses have been calculated within the group using consistent principles based on the economic life of the fixed assets. Securities included in investments in fixed assets and in financial asset securities are valued at the lower of acquisition cost or market price.

The value of inventories is calculated on the basis of average prices.

The notes to the financial statements include itemised financial statements on the electricity network operations and electricity sales operations in accordance with the Electricity Market Act.

Notes to the income statement

Unless indicated otherwise, the figures in the tables are in thousands of euros.