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Business ReviewFinancial ReviewInformation for shareholders

Board of Directors Report
Financial Statement Principles
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Finnair Oyj Income Statement
Finnair Oyj Balance Sheet
Finnair Oyj Cash Flow Statement
Notes
Shares and Shareholders
Proposal Concerning Disposal of the Profit
Statement of the Supervisory Board
Auditors Report
Key Figures 1998/99-2002
Formula for ratios
Depreciation is calculated with the following principles, depending on the type of asset:
  • Buildings between 3-5% of the undepreciated residual value.
  • Aircraft and aircraft engines on a straight-line basis as follows:
  • new Airbus A320 family aircraft in 20 years to a residual value of 10%
  • other jet aircraft acquired before as new in 15 years to a residual value of 10%
  • used jet aircraft more than six years old in 10 years to a residual value of 10%
  • new turboprop aircraft in 12 years to a residual value of 10%
  • turboprop aircraft acquired as used in 10 years to a residual value of 10%
  • aircraft to be withdrawn from use on a straight-line basis entirely in the operating time outlined in the fleet renewal plan
  • Straight-line depreciation is 10 years for aircraft simulators and five years for computers worth more than 170,000 euros.
  • Depreciation of other tangible fixed assets is 23% of the undepreciated residual value.
  • Capitalized long-term expenditures are depreciated in 3-10 years, depending on their nature.