FY2004 Statement of Accounts
Brief Summary− Consolidation Basis −May 25, 2005
Kansai International Airport Co., Lt

FY2004 Statement of Accounts( Unit Amount : one million yen )Previous Increase
FY2004
FY2003from Previousyear①②①−②
104,056
96,3197,736(46,385)(40,821)(5,564)(44.6%)(42.4%)

Operating Revenues
Aeronautical Revenues(Landing charge, Parking fee, Fuel facilities
charge, PSFC<Passenger Service Facilities
Charge>, etc.)
Non‑aeronautical Revenues(57,671)(land & office rent, Access bridge toll, Revenue (55.4%)
from directly operated business, etc.)(55,498)(57.6%)(2,172)

Operating Expenses
Operating Cost
(Production cost, Facilities running cost,
General administrative expense, etc.)
Depreciation

82,767(49,643)

81,598(67,822)

1,169(1,820)(33,124)(33,774)(▲ 650)Operating Profit
Non‑operating Revenues
Subsidy from the Government
OthersNon‑operating Expenses
Payment of interest
Others21,2889,211(9,000)( 211)
25,337(24,538)( 798)

14,721
9,271(9,000)( 271)
30,358(29,625)( 732)

6,567▲ 59(0)(▲ 59)▲5,021(▲5,087)(65)Ordinary Profit

5,162▲6,365

11,528Net Profit

4,430▲6,04010,470[ Reference ]Level of Daily Aircraft Movements
FY2004
International : 98.8 departures
FY2003
International : 84.3 departures

Domestic : 42.1 departures
Domestic : 52.4 departures2

Brief Summary

For the first time since opening Kansai International Airport, we, as
the consolidated KIAC group, have settled our annual accounts in theblack with surplus of 5.2 billion yen (47.3 million US dollars) ordinary
profit in the 10th Anniversary year.

1. About Operating Revenues
・7.7 billion yen (70 million US dollars) was increased from the level of theprevious year mainly resulted by the highest record of international flightfrequency.

[ Transition of Operating Profit ]<Unit Amount:
100 million yen(US$900,000)>
300

280274
256

250

238

224

213
210

200

190

180
147

150
100
50

’95

’96

’97

’98

’99

’00

3’01

’02

’03

‘04

2. About Operating Expenses
・While production cost increased following the increase of operating revenues,
total increase of operating expenses was controlled to be lower level of 1.2billion yen (11 million US dollars). This was achieved by a steady execution ofcost reduction measures in our “Corporate Reform Action Plan” introduced inMarch 2003. -[ Operating Expenses (excluding Depreciation) ]<Unit Amount:
100 million yen(US$900,000)>

700591

620

605

592

597

600

576

560

538
498

500

478

400
300
200
100

’95

’96

’97

’98

’99

’00

’01

’02

’03

‘04

3. About Ordinary Profit・A surplus of 5.2 billion yen (47.3 million US dollars) was achieved. It wasincreased by 11.5 billion yen (105 million US dollars) comparing with theprevious year. This long-expecting result, settling the final accounts in theblack on the ordinary profit basis, has been achieved a year earlier than thetargeted year stated in “Corporate Reform Action Plan.” Accordingly net profitof 4.4 billion yen (40 million US dollars) was achieved.
4

[ Transition of Ordinary Profit ]<Unit Amount:
100 million yen(US$900,000)>
’95

’96

’97

’98

’99

’00

’01

’02

’03

100

‘04
520
∆100

∆64
∆153

∆200

∆150
∆167

∆245 ∆235 ∆237
∆300
∆307
∆400

∆366

4. About Non-operating Revenues
・Subsidy of 9 billion yen (81 million US dollars) from the Government alsocontributed to improve the financial achievement.

5. About Non-operating Expenses
・Mainly due to the lowered interest rate and further redemption of debts, totally
5.1 billion yen (46 million US dollars) was decreased from the previous year.

6. Prospect of FY2005
・We are aiming to achieve continuously a surplus of 6.4 billion yen (58 millionUS dollars) on ordinary profit basis with 108.2 billion yen (1 billion US dollars)of operating revenue, though net loss is to be reported with the amount of 18.7billion yen (170 million US dollars) after appropriating impairment loss forthis fiscal year. For above, total KIAC group is further stepping up ourexecution of “Corporate Reform Action Plan.”5