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BUSINESS REVIEWFINANCIAL STATEMENTSFINNAIR AND SOCIETYSHAREHOLDERS


Board of Directors Report


Accounting Principles


Consolidated Income Statement


Consolidated Balance Sheet


Consolidated Cash Flow Statement


Finnair Plc Income Statement


Finnair Plc Balance Sheet


Finnair Plc Cash Flow Statement


Notes to the Financial Statements


Shares and Share Capital


Proposal on the Dividend


Auditors' Report


Financial Indicators


Turnover by Sector


Operating Profit by Sector


Calculation of Key Indicators

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FINNAIR PLC INCOME STATEMENT

  Jan 1,2004- Jan 1,2003-  
  Dec 31,2004 Dec 31,2003  
       
  EUR Mill. EUR Mill. Note
Turnover 1,357.0 1,284.4 (1)
Work used for own purposes and capitalized 1.5 3.5  
Other operating income 17.6 36.9 (2)
OPERATING INCOME 1,376.1 1,324.8  
       
OPERATING EXPENSES      
Materials and services 504.2 410.6 (3)
Staff costs 334.0 402.2 (4)
Depreciation 31.1 91.2 (5)
Other operating expenses 577.9 468.3 (6)
  -1,447.3 -1,372.4  
       
OPERATING PROFIT/LOSS -71.2 -47.5  
       
FINANCIAL INCOME AND EXPENSES 16.3 -3.7 (7)
       
PROFIT/LOSS BEFORE EXTRAORDINARY ITEMS -54.9 -51.3  
       
Extraordinary items 53.3 0.0  
Income taxes from extraordinary items 0.0 0.0  
  53.3 0.0 (8)
       
PROFIT/LOSS BEFORE APPROPRIATIONS AND TAXES -1.6 -51.3  
       
Appropriations 0.0 84.9 (9)
       
Direct Taxes -4.0 -10.2 (10)
PROFIT/LOSS FOR THE FINANCIAL YEAR -5.6 23.4