ANNUAL REPORT 2003 INEX PARTNERS OY

BOARD OF DIRECTORS’ PROPOSAL
TO THE ANNUAL GENERAL MEETING
As of 31 December 2003, the balance sheet showed that the Group’s distributable assets totalled
EUR 37,691,573.58 and the parent company’s distributable assets EUR 37,395,167.95, of which the profi t for the
fi nancial period came to EUR 4,401,586.43. The Board of Directors proposes to the Annual General Meeting that the
profi t be posted to the company’s retained earnings and EUR 10,000,000 be distributed as dividends.
We have examined the fi nancial statements, accounting
records and administration of Inex Partners Oy for the
period 1 January to 31 December 2003. The fi nancial
statements drawn up by the Board of Directors and the
Managing Director contain the report of the Board of Directors,
and the income statements, balance sheets, and
notes to the accounts for both the Group and the parent
company. We offer our opinion on the fi nancial statements
and the administration of the parent company on
the basis of this audit.
We have conducted our audit in accordance with the
Finnish Generally Accepted Auditing Standards. These
standards require that we examine the accounting
record and principles adopted in preparing the accounts,
as well as the contents and presentation of the fi nancial
statements, to an extent suffi cient to obtaining reasonable
assurance that the fi nancial statements are free of
material misstatement or defi ciencies. The purpose of
Helsinki, 25 February 2004
Antti Remes (Chairman) Kalle Lähdesmäki (Vice Chairman)
Juha Laisaari Arto Hiltunen
Aarno Mäntynen Kari Neilimo
Olli Suominen Antti Sippola
Markku Uitto Håkan Smeds
Martti Haaman
Managing Director
AUDITORS’ REPORT
To the Shareholders of Inex Partners Oy
Helsinki, 9 March 2004
34
our audit of the company administration has been to ensure
that the Board of Directors and Managing Director
have complied with the rules of the Companies Act.
In our opinion, the fi nancial statements have been prepared
in accordance with the Accounting Act and other
rules and regulations governing the preparation of fi nancial
statements in Finland. The fi nancial statements give
a true and fair view, as defi ned in the Accounting Act, of
the Group’s and parent company’s operational results, as
well as their fi nancial position. The fi nancial statements,
including the consolidated fi nancial statement, may be
approved, and the members of the parent company’s
Board of Directors, the Managing Director, and the Deputy
Managing Director discharged from liability for the
period audited by us. The proposal by the Board of Directors
on the distribution of profi ts is in compliance
with the Companies Act.
Mauri Palvi Tomi Englund
Chartered Public Accountant Chartered Public Accountant