Investor

Annual Key Figures

Key figures in USD Million

2010

2009

2008

2007

2006

INCOME STATEMENT          

Revenue1)

 2,189.6

1,756.0

4,363.7

 2,986.2

1,269.5

Costs1)

 -1,950.0

 -1,630.3

 -3,858.0

-2,448.7

-1,103.4

Profit before depreciation etc. (EBITDA)

 239.6

125.6

 505.7

537.5

166.1

Profit from sale of vessels etc.

 38.1

69.6

290.0

163.1

55.4

Profit from operation (EBIT)

 222.5

156.7

772.6

682.7

202.6

Fair value adjustments of certain hedging instruments

 30.4

60.8

 -81.1

19.9

-27.0

Net financials

 -2.2

7.1

29.1

22.7

12.4

Profit before tax

 250.8

 224.5

720.5

725.3

188.0

Profit for the year

 244.8

 217.2

 707.8

703.3

176.5

           
STATEMENT OF FINANCIAL POSITION          

Non-current assets

 1,373.1

1,027.8

922.5

 589.9 

482.8

Total assets

 2,250.5

 2,031.7

 2,041.7

1,609.4

960.6

Equity at year-end (including minority interest)

1,998.1

1,805.0

 1,700.4

1,311.2

713.5

Liabilities

 252.4

226.7

341.3

298.2

247.0

Cash and securities

 612.7

735.4

828.7

622.6

317.7

Invested capital

 1,443.8

1,133.2

 940.4

786.3

556.6

Net interest-bearing assets

 554.3

671.8

 759.9

524.9

157.0

 

       

 

CASH FLOWS

       

 

From operating activities

298.4

160.2

 540.9

466.7 

123.1

From investment activities

-380.1

-80.0

-56.7

-4.6 

-87.1

- hereof investments in property, plant and equipment

 -565.7

-305.2

-424.9

-289.9 

-215.9

From financing activities

 -65.5

 -112.6

 -364.9

-176.2

-33.4

Change in cash and cash equivalents for the year

-147.2

-32.4

 119.3

285.9

2.6

           

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 Ratios 2010" issued by the Danish Association of Financial Analysts except for Theoretical Net Asset Value. Moreover, "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 86) in the pdf Annual Report for 2010. The figures are adjusted for the Company’s holding of treasury shares.

1)Comparative figures have been adjusted in connection with changes in the recognition method for share of results of joint ventures. For further description, see note 1 to the financial statements, "Significant accounting policies" in  the pdf Annual Report for 2010 .
Please see section "Significant accounting policies" (page 55) in the pdf Annual Report for 2010 for more details on accounting policies.