Fingrid Group's annual review and financial statements 2006

Total electricity consumption in Finland in 2006 amounted to 90 terawatt hours, of which Fingrid transmitted 67.3 terawatt hours in its grid. Electricity consumption increased by 6.5 per cent on the previous year.

Revenue of the Fingrid Group in 2006 was 351 million euros (317 million euros in 2005). Operating profit excluding the change in the fair value of electricity derivatives was 98 (97) million euros.

The operating profit in accordance with international financial reporting standards (IFRS) was 80 (110) million euros, which contains 18 (+13) million euros of negative change in the fair value of electricity derivatives. The Group's profit for the year was 38 (56) million euros.

The return on investment was 6.4 (8.7) per cent and the return on equity 10.4 (16.9) per cent. The equity ratio was 25.5 (23.9) per cent at the end of the review period.

Group’s gross capital expenditure in 2006 was 70 million euros (63 million euros).

In 2007, grid revenue is expected to stay at the level of 2006. Anticipating the total revenue and expenses of the Group is, however, complicated by variations in electricity transmissions caused by the Nordic water reservoir situation and in the sales volume of balance power.

These financial statements have been audited. Annual review and financial statements are attached.

Additional information:
Jukka Ruusunen, President and Chief Executive Officer, +358 30 395 5140 or +358 40 593 8428
Tom Pippingsköld, Chief Financial Officer, + 358 30 395 5157 or +358 40 519 5041