22. EQUITY-RELATED INFORMATION               Number of registered shares Share capital, EUR Share issue, shares Share issue, EUR Share premium account, EUR   1 Jan 2004 84,743 163 72,031 688.55 2,500 2,125.00 5,656 958.35   Option subscriptions 2,500 2,125.00 -2,500 -2,125.00 -   Debenture swaps 13,550 11,517.50 - - 72,576.50   31 Dec 2004 84,759 213 72,045 331.05 - - 5,729 534.85   Option subscriptions 2,044 900 1,738 165.00 - - 7,471 442.00   Disposal of own shares     - - 28,301.46   Share issue     740,056 629,047.60 2,749 453.12   31 Dec 2005 86,804 113 73,783 496.05 740,056 629,047.60 15,978 731.43                 Number of own shares Price Average price       1 Jan 2004 -           Acquisition of own shares 422,800 2,275 666.49 5.38       '31 Dec 2004 422,800           Disposal of own shares -37,800 -209,838.54 5.55       Acquisition of own shares 150,000 1,516 680.00 10.11       31 Dec 2005 535,000 3,582 507.95 6.70                     Share capital                           The nominal value of shares is 0.85 euros. According to the Articles of Association, the Group's minimum and maximum share capital are 60 million euros and 240 million euros. The share capital entered in the Trade Register was 73,783.496.05 euros. If all the options in circulation were used to subscribe for Finnair Plc shares, the share capital would rise to 75,443.206.05 euros, corresponding to 88,756.713 shares.             Obligation to redeem clause                           The Articles of Association have no obligation to redeem clause.                           RESERVES INCLUDED IN SHAREHOLDERS' EQUITY             Share issue             At the end of the financial year, the nominal value of paid but as yet unregistered shares is recognised in the share issue account.                           Share premium account                           Share issue gains arising after the Companies Act of 1997 have been recognised in the share premium account, less transaction expenses.                           General reserve                           Gains from share issues arising before Companies Act of 1997 have been recognised in the general reserve.                           Revaluation reserve                           The revaluation reserve includes a fair value reserve for available-for-sale investments and a hedge fund for derivative instruments used in cash-flow hedging.               1.1. - 31.12.2005           Change in equity hedge reserve _milj. euroa_milj. euro|EUR mill.           Changes in value of derivatives 41.6           Jet fuel hedges matured during year 29.7           Lease payment hedges matured during year -0.3           Aircraft payment hedges matured during year -0.1           Loan hedges matured during year 0.0           "During the year, value changes of hedge accounting items amounting to 41.6 million euros have been recognised in the equity hedge reserve.                           During the year, 29.4 million euros from the hedge reserve has been recognised on the income statement in the same row with the hedged item.             Distributable equity 31 Dec               31.12.2005           Retain earnings at beginning of financial year 359.5           Revaluation reserve 20.9           Dividend distribution -8.5           Own shares -1.3           Translation difference 0.0           Profit for the financial year 61.4             432.0           Voluntary provisions in shareholders' equity -79.4             352.6                         Voluntary provisions             Accumulated depreciation difference 107.3           Residential building reserve 0.0           Total 107.3           Deferred tax liability of voluntary provisions -27.9           Total 79.4                         Own shares                           The acquisition cost of own shares held by the Group is included in own shares. During 2005 the Group purchased in the market 150,000 shares at a total price of 1.5.million euros and disposed of 37,800 shares at a total price of 0.2 million euros. The total acquisition cost of own shares held by the Group is 3.6 million euros.