|
NOK million
|
2010 |
2009 |
2008 |
2007 |
2006 |
| Results: |
|
|
|
|
|
| Operating revenue |
75,754 |
67,409 |
88,405 |
94,316 |
98,752 |
| Depreciation, amortization and impairment |
2,984 |
3,494 |
4,915 |
3,552 |
4,516 |
| Other expenses |
69,549 |
64,619 |
82,296 |
83,833 |
88,329 |
| Earnings before financial items and tax (EBIT) |
3,184 |
(1,407) |
1,194 |
9,025 |
7,200 |
| Financial income (expense), net |
522 |
2,774 |
(5,026) |
3,208 |
718 |
| Income taxes |
(1,588) |
(951) |
565 |
(3,075) |
(1,952) |
| Income from continuing operations |
2,118 |
416 |
(3,267) |
9,158 |
5,966 |
| Income from discontinued operations |
- |
- |
(247) |
9,447 |
11,967 |
| Minority interest |
(230) |
(117) |
(411) |
(408) |
(273) |
| Net income attributable to equity holders of the parent |
1,888 |
299 |
(3,925) |
18,196 |
17,660 |
| Earnings per share from continuing operations1) |
1.33 |
0.25 |
(3.04) |
7.20 |
4.60 |
|
|
|
|
|
|
|
| Underlying results: |
|
|
|
|
|
| Underlying earnings before financial items and tax (EBIT) |
3,351 |
(2,555) |
6,009 |
10,153 |
10,165 |
| Underlying income from continuing operations |
1,852 |
(3,066) |
3,579 |
8,057 |
7,811 |
| Underlying earnings per share from continuing operations1) |
1.14 |
(2.64) |
2.62 |
6,20 |
6,10 |
|
|
|
|
|
|
|
| Balance sheet: 2) |
|
|
|
|
|
| Current assets from continuing operations |
36,817 |
27,802 |
40,108 |
40,830 |
55,999 |
| Assets held for sale, discontinued operations |
- |
- |
- |
6,741 |
127,670 |
| Non-current assets |
51,971 |
49,797 |
55,049 |
44,474 |
50,790 |
| Total assets |
88,788 |
77,599 |
95,157 |
92,046 |
234,459 |
| |
|
|
|
|
|
| Current liabilities continuing operations |
15,836 |
15,042 |
23,344 |
18,355 |
22,880 |
| Liabilities included in disposal groups, discontinued operations |
- |
- |
- |
2,021 |
97,543 |
| Non-current liabilities continuing operations |
15,706 |
15,361 |
17,673 |
16,662 |
17,433 |
| Total liabilities |
31,542 |
30,403 |
41,016 |
37,038 |
137,857 |
| Equity attributable to equity holders of the parent |
56,221 |
46,169 |
52,808 |
54,049 |
95,831 |
| Minority interest |
1,025 |
1,026 |
1,333 |
959 |
771 |
| Total liabilities and equity |
88,788 |
77,599 |
95,157 |
92,046 |
234,459 |
|
|
|
|
|
|
|
| Cash Flow and financial positions: |
|
|
|
|
|
| Net cash provided by operating activities |
6,363 |
4,546 |
2,921 |
14,273 |
9,926 |
| Net cash provided by (used in) investing activities |
(6,051) |
(5,848) |
(7,335) |
11,764 |
(14,628) |
| Net cash provided by (used in) financing activities |
7,975 |
668 |
(6,717) |
(10,140) |
(9,896) |
| Adjusted net interest-bearing debt/equity2) 3) |
(0.11) |
(0.32) |
(0,30) |
(0.05) |
0.10 |
|
|
|
|
|
|
|
| Rate of return: |
|
|
|
|
|
| RoaCE, percent4) |
3.8% |
(3.3)% |
0.7% |
14.6% |
10.7% |
| Capital employed |
46,263 |
45,200 |
50,607 |
44,244 |
50,403 |
| Investments5) |
6,231 |
5,947 |
9,012 |
5,206 |
4,526 |
| Number of employees2) |
18,894 |
19,249 |
22,634 |
24,692 |
33,605 |
|
|
|
|
|
|
|
| 1) Computed using the weighted average number of ordinary shares outstanding. There were no diluting elements. |
| 2) As of 31 December |
| 3) Interest-bearing debt + net pension liability (tax adjusted) + operating lease commitments (discounted) + share of debt in joint ventures - cash and cash equivalents - short-term investments divided by sharehodlers' equity + minority interest |
| 4) Return on average capital employed |
| 5) Additions to property, plant and equipment (capital expenditures) plus long-term securities, intangible assets, long-term advances and investments in equity accounted investments |
