Investor

Annual Key Figures

 

Key figures in USD Million

2016

2015

2014

2013

2012

INCOME STATEMENT          

Revenue

1,251.2

1,653.4

2,038.1

2,145.9

2,131.4

Costs

-1,220.6

-1,632.9

-2,299.6

-2,121.6

 -1,983.5

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

30.6

165.5

-31.3

24.3

 147.9

Provision (excl. joint ventures)

0.0

-145.0

 -230.2

 0.0

 0.0

Earnings before depreciation, etc. (EBITDA)

30.6

20.5

 -261.5

 24.3

 147.9

Profits and loss from sale of vessels etc.

-45.5

-31.0

0.0

2.5

 -23.9

Depreciation and write-downs

-49.6

-248.6

-68.2

-79.0

-388.5

Earnings from operations (EBIT)

-64.5

-282.0

-335.5

-51.3

-265.4

Fair value adjustments of certain hedging instruments

34.5

9.1

-61.9

10.6

-10.1

Net financials

-12.3

-9.4

-15.2

-2.5

 1.7

Earnings before tax

-42.2

-282.3

-412.5

-43.2

 -273.9

Result for the year for the NORDEN shareholders

-45.6

-284.9

-415.6

-47.7

 -278.8

Adjusted result for the year 1)

-34.6

-263.0

-350.2

-60.8

-244.8

           
STATEMENT OF FINANCIAL POSITION          

Non-current assets

767.1

945.7

1,221.0

 1,215.2

1,149.8

Total assets

1,301.0

1,604.7

1,778.0

 2,061.2

 2,033.4

Equity at year-end (including minority interest)

 801.4

856.1

1,139.3

 1,604.8

 1,687.2

Liabilities

 499.6

748.6

 638.7

 456.4

 346.2

Cash and securities

 263.9

365.7

238.3

486.1

 528.6

Invested capital

 753.8

788.7

1,131.6

 1,377.0

 1,314.2

Net interest-bearing assets

 47.6

67.3

7.7

 227.8

 373.0

 

         

CASH FLOWS

         

From operating activities

-79.7 

76.9

-46.0

 -8.9

122.1

From investment activities

102.1 

-112.9

66.2

 -61.9

 7.0

- hereof investments in property, plant and equipment

-36.8 

-131.6

 -110.4

 -139.4

 -165.8

From financing activities

-85.3 

67.5

 -79.4

 62.5

 -37.9

Change in cash and cash equivalents for the year

62.9 

31.5

 -59.2

 -8.3

 91.2

           

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 90) in the Consolidated Annual Report for 2016. The figures are adjusted for the Company’s holding of treasury shares.

1) Please see note 3 in the Consolidated financial statements for a reconciliation to the results for the year.