Notes to the parent company financial statements

2.	Net sales by market area				Parent Company
	EUR million				2007	2006
	Europe				67.2	77.8
	of which Finland				9.3	7.6
	North America				36.1	16.3
	Asia and Australia				48.7	41.0
	Africa, South and Central America				8.6	17.2
	Total				160.7	152.4

3.	Other operating income
	EUR million				2007	2006
	Gains on the disposal of fixed assets				0.0	0.1
	Total				0.0	0.1

4.	Personnel
	Personnel costs (EUR million)				2007	2006
	Wages and salaries				34.2	34.4
	Pension costs				4.7	4.6
	Other personnel costs				3.0	2.6
	Total				41.9	41.6

	Personnel on average during the year (persons)				2007	2006
	In Finland				669	651
	Outside Finland				8	5
	Total				677	656
	Personnel Dec. 31				2007	2006
	In Finland				687	643
	Outside Finland				7	7
	Total				694	650

	Salaries (EUR million)				2007	2006

	Salary and bonuses paid to President and CEO
	Kjell Forsen	President and CEO
	Salary				0.26	0.07
	Bonuses				0.02
	Ketonen Pekka	President and CEO 1 Jan to 30 Sept 2006
	Salary					0.31
	Bonuses				0.28	0.38

	Remuneration paid to Members of the Board of Directors
	Gustavsson Stig	Member of the Board			0.02	0.01
	Hautoj�rvi Pekka	Member of the Board				0.00
	Neuvo Yrj�	Member of the Board			0.02	0.02
	Niinivaara Mikko	Member of the Board			0.02	0.02
	Torkko Maija	Member of the Board			0.02
	Voipio Mikko	Member of the Board			0.02	0.02
	Voipio Raimo	Chairman of the Board			0.03	0.03
	Wendt Gerhard	Member of the Board				0.00
	Total				0.70	0.87

	Salaries paid to the other employees				32.4	31.5
	Total				33.1	32.4

	Cash loans, securities or contingent liabilities were not granted to the President or to the members of the Board of Directors. Age of retirement for the President and CEO is 63 years, according to Finnish law. The President and CEO has a compensation based retirement plan.

					Parent Company
5.	Financial income and expenses				2007	2006
	EUR million
	Dividend income
	From Group companies				3.7	2.8
	From others				0.0	0.0
	Interest income on long-term investments
	From Group companies				0.8	1.1
	Other interest and financial income
	From Group companies
	From others				2.8	1.8
	Change in fair value of assets recognised at fair value through profit an loss				1.5	1.1
	Interest and other financial expenses
	From others				-0.6	-0.3
	Foreign exchange gains and losses
	From Group companies				-1.4	-2.2
	From others				-1.1	-1.2
	Total				5.5	2.9

6.	Direct taxesEUR million				2007	2006
	Taxes for the financial year				7.0	7.1
	Taxes from previous years				0.0	0.0
	Taxes paid at source abroad				0.2	0.2
	Deferred tax liability				0.0	0.0
	Total				7.2	7.3

7.	Fixed assets and other long-term investments
	Parent Company, EUR million
	Intangible assets		Intangible rights	Other long-term expenditure		Total
	Acquisition cost Jan. 1		13.2	0.8		14.0
	Increases		0.4	-		0.4
	Decreases		-0.3	-		-0.3
	Transfers between items		0.6	-		0.6
	Acquisition cost Dec. 31		13.9	0.8		14.7

	Accumulated depreciation and write-downs Jan. 1		11.6	0.4		12.1
	Accumulated depreciation
	of decreases and transfers		-0.3	-		-0.3
	Depreciation for the financial year		0.7	0.0		0.8
	Write-downs		12.0	0.5		12.5
	Accumulated depreciation Dec. 31
			1.9	0.3		2.1
	Balance sheet value Dec. 31, 2007		1.6	0.3		1.9
	Balance sheet value Dec. 31, 2006

Parent Company
EUR million					Advance payments
	Land and		Machinery and	Other tangible	and construction
Tangible assets	waters	Buildings	equipment	assets	in progress	Total
Acquisition cost Jan. 1	1.2	28.4	32.7	0.0	3.0	65.3
Increases	-	-	1.6	-	3.0	4.6
Decreases	-	-	-1.0	-	-	-1.0
Transfers between items	-	-	1.5	-	-2.1	-0.6
Acquisition cost Dec. 31	1.2	28.4	34.6	0.0	4.0	68.2


Accumulated depreciation and write-downs Jan. 1	-	13.2	26.1	-	-	39.3
Accumulated depreciation
of decreases and transfers	-	-	-1.0	-	-	-1.0
Depreciation for the financial year	-	1.5	2.5	-	-	4.0
Accumulated depreciation Dec. 31	0.0	14.7	27.6	0.0	0.0	42.3

Revaluation	0.1	5.6	-	-	-	5.7
Balance sheet value Dec. 31, 2007	1.3	19.3	7.0	0.0	4.0	31.6
Balance sheet value Dec. 31, 2006	1.3	20.8	6.6	0.0	3.0	31.7

The undepreciated acquisition cost of machinery and equipment belonging the tangible fixed assets was EUR 24.7 million on 31.12.2007 (EUR 24.3 million 31.12.2006).

	Parent Company
	EUR million
		Subsidiary	Other shares	Other long-term receivables
	Investments	shares	and holdings	from Group companies		Total
	Acquisition cost Jan. 1	21.4	0.0	12.4		33.8
	Increases	-	-	-		0.0
	Decreases	-	0.0	-2.7		-2.7
	Transfers between items	-	-	-		0.0
	Balance sheet value Dec. 31	21.4	0.0	9.7		31.1
	Balance sheet value Dec. 31, 2006	21.4	0.0	12.4		33.8

8.	Deferred assets
	EUR million				2007	2006
	Tax related deferred assets				2.9	1.7
	Other deferred assets				4.9	2.3
					7.9	3.9

9.	Fianancial assets
	EUR million				2007	2006
	Other investments
	Income fund interest-bearing papers				42.6	41.2

	Cash and bank balances
	Cash and balance in the bank accounts				7.5	6.9
	Certificates of deposit				31.9	25.0
					39.3	31.8

	Financial assets recognised at fair value through profit and loss include income fund investments which involve the short-term investment of liquid assets. The maturity of these income fund interest-bearing papers is at most one year. The income fund investments are publicly quoted securities, whose fair value is determined in the market. The change in fair value has been recognised in the income statement group financial income and expenses. Certificates of deposit consist of short-term, highly liquid investments whose maturity is less than 3 months and which are mainly involved in the short-term investment of liquid assets.

	Fair value of off-balance sheet contracts made to
	hedge against exchange rate and interest rate risks
	EUR million				2007	2006
	Currency forwards				0.4	0.2
	Fair value, total				0.4	0.2

	The change in fair value has been recognised in the income statement group financial income and expenses.

10.	Deferred tax assets and liabilities
	EUR million				2007	2006
	Deferred tax assets/liabilities, net				0.0	0.0

	The deferred tax liability arising from revaluation has not been taken into account. If realized, the tax effect of revaluation would be EUR 1.5 million at the current 26% tax rate.

11.	Shareholders� equity

	The parent company's shares are divieded into series, with 3,405,385 series K shares (20 votes/share) and 14,810,979 series A shares ( 1 vote/share). In accordance with the Company Articles, series K shares can be converted into series A shares through a procedure defined in detail in the Company Articles.

	EUR million	2007	2006
	Share capital
	Series A Jan.1	6.2	6.0
	Converted from series K to A	0.0	-
	Share issues	-	0.2
	Series A Dec.31	6.2	6.2

	Series K Jan.1	1.4	1.4
	Converted from series K to A	0.0	-
	Share capital Dec. 31	7.7	7.7

	Shares issued 2005	0.0	0.0

	Reserve fund Jan.1	22.3	11.0
	Share issues	0.0	11.3
	Reserve fund Dec. 31	22.3	22.3

	Profit from previous years Jan. 1	124.0	114.6
	Dividends paid
	Own shares	-15.5	-13.4
	Translation difference	-0.3	-0.3
	Profit from previous years Dec. 31	108.3	100.9

	Profit for the financial year	22.7	22.9

	Total equity	161.0	153.8

12.	Obligatory provisions
	EUR million	2007	2006
	Other reserve	0.2	0.0
		0.2	0.0

13.	Non-current liabilities

	The company has no loans that would mature after five years or a longer period.

14.	Accrued expenses and deferred income
	EUR million	2007	2006
	Wages, salaries and wage-related liabilities	11.3	11.7
	Tax liabilities	0.0	1.2
	Other accrued expenses and deferred income	2.2	1.6
		13.5	14.5

15.	Receivables and liabilities from other companies in the Vaisala Group
	EUR million	2007	2006
	Non-current loan receivables	9.7	12.4
	Current loan receivables	1.4	1.5
	Trade receivables	8.6	10.1
	Prepaid expenses and accrued income	0.0	0.0
	Total receivables	19.7	24.0
	Trade payables	0.9	0.9
	Accrued expenses and deferred income	0.0	0.0
	Total liabilities	0.9	0.9

16.	Contingent liabilities and pledges given
	EUR million	2007	2006
	For own loans/commitments
	Guarantees	8.0	9.7
	For Group companies
	Guarantees	1.6	5.5
	Other own liabilities
	Pledges given	0.1	0.1
	Leasing liabilities
	Payable during the financial year	0.4	0.5
	Payable later	0.4	0.4
		0.8	1.0

	Total contingent liabilities and pledges given	10.5	16.2

	Derivative contracts
	EUR million	2007	2006
	Capital of off-balance sheet contracts made to hedge against exchange rate and interest risks

	Currency forwards	14.3	11.9
	Total capital	14.3	11.9