Investor

Annual Key Figures

 

Key figures in USD Million

2017

2016

2015

2014

2013

INCOME STATEMENT          

Revenue

1,808.6

1,251.2

1,653.4

2,038.1

2,145.9

Costs

-1,740.5

-1,220.6

-1,632.9

-2,299.6

-2,121.6

Earnings before depreciation etc. (EBITDA) (excl. provision)

68.1

30.6

165.5

-31.3

24.3

Provision (excl. joint ventures)

0.0

0.0

-145.0

 -230.2

 0.0

Earnings before depreciation, etc. (EBITDA)

68.1

30.6

20.5

 -261.5

 24.3

Profits and loss from sale of vessels etc.

0.9

-45.5

-31.0

0.0

2.5

Depreciation and write-downs

-42.2

-49.6

-248.6

-68.2

-79.0

Earnings from operations (EBIT)

23.3

-64.5

-282.0

-335.5

-51.3

Fair value adjustments of certain hedging instruments

0.0

34.5

9.1

-61.9

10.6

Net financials

-0.9

-12.3

-9.4

-15.2

-2.5

Profit/loss before tax

22.4

-42.2

-282.3

-412.5

-43.2

Result for the year for the NORDEN shareholders

24.6

-45.6

-284.9

-415.6

-47.7

Adjusted result for the year 1)

28.4

-34.6

-263.0

-350.2

-60.8

           
STATEMENT OF FINANCIAL POSITION          

Non-current assets

786.5

767.1

945.7

1,221.0

 1,215.2

Total assets

1,326.5

1,301.0

1,604.7

1,778.0

 2,061.2

Equity at year-end (including minority interest)

834.4

 801.4

856.1

1,139.3

 1,604.8

Liabilities

492.1

 499.6

748.6

 638.7

 456.4

Cash and securities

219.4

 263.9

365.7

238.3

486.1

Invested capital

836.7

 753.8

788.7

1,131.6

 1,377.0

Net interest-bearing assets

-2.3

 47.6

67.3

7.7

 227.8

 

         

CASH FLOWS

         

From operating activities

6.3

-79.7 

76.9

-46.0

 -8.9

From investment activities

-0.2

102.1 

-112.9

66.2

 -61.9

- hereof investments in property, plant and equipment

-75.4

-36.8 

-131.6

 -110.4

 -139.4

From financing activities

3.0

-85.3 

67.5

 -79.4

 62.5

Change in cash and cash equivalents for the year

9.1

62.9 

31.5

 -59.2

 -8.3

           

QUARTERLY FIGURES

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FINANCIAL HIGHLIGHTS

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SPREADSHEETS

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The ratios were computed in accordance with "Recommendations and Financial Ratios 2015" issued by the Danish Association of Financial Analysts. However, "Profits from the sale of vessels, etc." is not included in EBITDA. Please see definitions in the section “Definitions of key figures and financial ratios” (page 105) in the Annual Report for 2017. The figures are adjusted for the Company’s holding of treasury shares.

1) "Adjusted results for the year" is computed as "Profit/loss for the year" adjusted for "Profit and loss from sale of vessels, etc." and "Fair value adjustment of certain hedging instruments" for periods before 2017. Including adjustment from sale of vessels in join ventures.