NOTES TO THE FINANCIAL STATEMENTS, PARENT COMPANY, FAS

MEUR		2007	2006
1. NET SALES BY GEOGRAPHICAL SEGMENTS
Finland		63.43	58.80
Other countries		42.32	37.05
Total		105.75	95.85
OTHER OPERATING INCOME
Insurance compensation, costs		4.03	0.00
Other revenue		0.01	0.02
Total		4.06	0
2. EXTERNAL SERVICES
Subcontractor expenses		6.52	3.75
Maintenance expenses		1.01	1.19
Total		7.53	4.94
3. PERSONNEL
Wages and salaries		10.98	11.74
Pension costs		1.94	2.02
Other social security expenses		1.07	1.01
Total		13.98	14.78
Fringe benefit		0.14	0.11
Option benefit		0.00	0.15
Total		0.14	0.26
Salaries and emoluments paid to Board
Members and Managing Directors		0.26	0.24
Employees, average		302	305
MEUR
4. FINANCIAL INCOME AND COSTS
Other interest income
From Group companies		0.06	0.07
Others		0.23	0.13
Total interest income		0.29	0.19
MEUR		2007	2006
Other financial income
From Group companies		0.00	0.00
Others		0.03	0.06
Total other financial income		0.03	0.06
Interest expenses
To Group companies		0.00	0.00
Others		0.07	0.15
Total interest expenses		0.07	0.15
Other financial expenses
To Group companies		0.00	0.00
Others		0.14	0.18
Total financial expenses		0.14	0.18
5. INCOME TAX
Direct taxes
From the fiscal year		4.21	2.88
From previous fiscal years		0.00	0.00
Total		4.21	2.88
6. DEPRECIATION

Depreciation is based on the economic life-span of various assets as follows:

Intangible rights	3 - 5 years
Other long-term expenditure	3 - 10 years
Buildings	10 - 20 years
Factory machinery	5 - 20 years
Factory equipment and tools	3 - 5 years
Office machines and other equipment	3 - 10 years
Other tangible assets	20 years

MEUR		2007	2006
Depreciation according to plan:
Intangible assets
Intangible rights		0.31	0.23
Goodwill		0.00	0.00
Other long-term expenditure		0.08	0.07
Tangible assets
Buildings		0.04	0.04
Machinery and equipment		4.26	3.39
Other tangible assets		0.01	0.01
Total		4.71	3.75
Change in depreciation reserve:
Intangible assets
Intangible rights		0.07	0.01
Goodwill		0.00	0.00
Other long-term expenditure		0.03	0.02
Tangible assets
Buildings		-0.02	-0.02
Machinery and equipment		3.68	-0.45
Other tangible assets		-0.01	-0.01
Total		3.74	-0.45
7. EXTRAORDINARY ITEMS
Insurance compensation, investment in anodizing plant		6.39	0.00
Customer's responsibility		-0.10	0.00
Total		6.29	0.00
8. INTANGIBLE ASSETS
Intangible rights
Acquisition cost, Jan 1		3.39	2.38
Additions		0.77	1.01
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-2.81	-2.50
Book value, Dec 31		1.35	0.89
Goodwill
Acquisition cost, Jan 1		4.59	4.59
Additions		0.00	0.00
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-4.59	-4.59
Book value, Dec 31		0.00	0.00
MEUR		2007	2006
Other long-term expenditure
Acquisition cost, Jan 1		1.35	1.35
Additions		0.15	0.00
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-1.13	-1.05
Book value, Dec 31		0.37	0.30
Advance payments
Acquisition cost, Jan 1		0.79	0.74
Additions		0.00	0.06
Disposals		-0.79	-0.74
Book value, Dec 31		0.00	0.06
9. TANGIBLE ASSETS
Buildings
Acquisition cost, Jan 1		0.40	0.40
Additions		0.00	0.00
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-0.26	-0.22
Book value, Dec 31		0.14	0.18
Machinery and equipment
Acquisition cost, Jan 1		49.15	47.57
Additions		4.00	1.58
Translation difference		0.00	0.00
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-42.64	-38.36
Book value, Dec 31		10.51	10.79
Other tangible assets
Acquisition cost, Jan 1		0.32	0.32
Additions		0.00	0.00
Disposals		0.00	0.00
Accumulated depreciation according to plan, Dec 31		-0.21	-0.20
Book value, Dec 31		0.11	0.12
Construction in progress
Acquisition cost, Jan 1		0.64	0.13
Additions		8.40	0.64
Disposals		-0.64	-0.13
Book value, Dec 31		8.40	0.64
MEUR		2007	2006
10. INVESTMENTS
Holdings in Group companies
Acquisition cost, Jan 1		0.61	0.62
Additions		0.00	0.00
Disposals		0.00	-0.01
Book value, Dec 31		0.61	0.61
Other shares and holdings
Acquisition cost, Jan 1		0.02	0.02
Additions		0.00	0.00
Disposals		0.00	0.00
Book value, Dec 31		0.02	0.02
11. SPECIFICATION OF SHARES OWNED BY THE COMPANY
Nordic Aluprofiler AB, Sweden		100%	100%
Nordic Aluminium, Inc., USA		100%	100%
12. RECEIVABLES FROM GROUP COMPANIES
From parent company
Trade receivables		0.03	1.05
From others
Trade receivables		0.29	0.50
Loan receivables		0.80	0.95
		1.12	2.50
13. SHAREHOLDERS' EQUITY
Share capital, Jan 1		6.19	5.92
Increase in share capital		0.00	0.27
Share capital, Dec 31		6.19	6.19
Share premium account, Jan 1		3.45	2.11
Change		0.00	1.35
Share premium account, Dec 31		3.45	3.45
MEUR		2007	2006
Retained earnings, Jan 1		19.25	14.14
Dividend		-4.11	-3.00
Changes, previous periods		0.00	0
Net profit for the year		11.92	8.13
Total profits, Dec 31		27.06	19.25
14. DISTRIBUTABLE RETAINED EARNINGS
Retained earnings		15.14	11.12
Net profit for the year		11.92	8.13
Non-restricted shareholders' equity		27.06	19.25
Distributable earnings		27.06	19.25
15. LONG-TERM LIABILITIES
Loans from financial institutions		0.00	0.73
due more than five years ahead		0.00	0.00
16. LIABILITIES TO GROUP COMPANIES
To parent company
Trade payables		0.02	0.00
To others
Trade payables		0.67	0.62
		0.69	0.62
17. ACCRUED LIABILITIES
Accrued income tax		1.33	0.29
Salaries		2.02	2.23
Others		1.65	1.60
		5.00	4.12
18. CONTINGENT LIABILITIES
Pledged assets
Liabilities secured with corporate mortgages
Loans from financial institutions		0.73	2.18
Corporate mortgages given		8.41	8.41
Security provided for other company liabilities
Financial assets pledged		0.02	0.00
MEUR		2007	2006
Commitments and contingencies
Rental and leasing liabilities
Due in the next financial year		2.25	2.01
Due later		9.45	9.55
Total		11.69	11.56
Consignation liability		1.86	2.25
Financial liabilities
Repayment liability in compliance
with §33 of the Value Added Tax Act		0.00	0.00