Investor

Quarterly Key Figures

Table of content

  1. Quarterly Key Figures 2017 
  2. Quarterly Key Figures 2016
  3. Quarterly Key Figures 2015
  4. Older

 

1. Quarterly Key Figures 2017 

Key figures in USD Million

2017

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

 

 

Revenue

 

440.1

399.6

460.0

 

Costs

 

-429.8

-392.2

-448.1

 

Earnings before depreciation, etc. (EBITDA)

 

10.3

7.4

 12.0

 

Profit from sale of vessels etc.

 

-0.2

 0.0

 1.1

 

Depreciation and write-downs

 

-10.6

 -10.2

 -10.6

 

Earnings from operations (EBIT)

 

0.1

 -2.8

 -2.2

 

Fair value adjustment of certain hedging instruments

 

 0.0

 0.0

 

Net financials

 

1.6

 0.4

 -1.9

 

Result before tax

 

1.7

 -2.4

 -4.1

 

Result for the period 

 

0.7

 -3.3

 0.1

 

Adjusted result for the period*

 

0.9

 -3.3

 3.7

 

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

 

761.8

756.4

797.6

 

Total assets

 

1,280.7

 1,262.8

 1,276.0

 

Equity (including minority interests)

 

792.6

 793.4

 801.3

 

Liabilities

 

488.2

 469.4

 474.8

 

           

Invested capital

 

739.7

 748.1

 834.9

 

Net interest-bearing assets

 

52.8

 45.3

 -33.6

 

Cash and securities

 

264.0

 248.6

 190.8

 

 

 x,xxx

 

 

 

x,xxx 

CASH FLOWS

 

 

 

 

 

From operating activities

 

 -9.4

 -19.1

 -35.1

 

From investing activities

 

33.0

 45.7

 19.9

 

- hereof investments in property, equipment and vessels

 

-4.2

 -12.8

 -93.1

 

From financing activities

 

-5.1

 -13.5

 6.0

 

Change in cash and cash equivalents for the period

 

18.5

13.1

-9.1 

 

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." has not been included in EBITDA.*Adjusted result for the period was computed as "Result for the period" adjusted for "Profit from the sale of vessels, etc".

2. Quarterly Key Figures 2016

Key figures in USD Million

2016

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

 

 

Revenue

1,251.2

296.2

311.8

314.1

329.1

Costs

 -1,220.6

 -284.8

-299.6

 -310.0

-326.2

Earnings before depreciation, etc. (EBITDA)

 30.6

11.4

12.2

 4.1

2.9

Profit from sale of vessels etc.

 -45.5

 0.8

 -33.8

 -5.8

 -6.7

Depreciation and write-downs

 -49.6

-13.3

 -13.9

 -11.6

 -10.8

Earnings from operations (EBIT)

 -64.5

 -1.3

 -34.0

 -12.9

-14.6

Fair value adjustment of certain hedging instruments

 34.5

 9.1

 13.4

3.4

 8.6

Net financials

 -12.3

 -2.4

 -2.6

 -3.9

 -3.4

Result before tax

 -42.2

 5.4

 -23.2

 -13.4

 -10.9

Result for the period 

 -45.6

 4.6

-24.0

 -14.2

 -12.0

Adjusted result for the period*

 -34.6

-5.3

-3.6

 -11.8

 -13.9

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

 767.1

943.3

841.9

800.7

 767.1

Total assets

 1,301.0

 1,545.7

 1,512.8

1,373.2

 1,301.0

Equity (including minority interests)

 801.4

 858.9

 834.6

813.6

 801.4

Liabilities

 499.6

 686.8

 678.2

559.7

 499.6

           

Invested capital

 753.8

 777.3

 769.6

744.2

 753.8

Net interest-bearing assets

 47.6

 81.6

 65.0

69.4

 47.6

Cash and securities

 263.9

 375.5

 345.5

294.2

 263.9

           

CASH FLOWS

 

 

 

 

 

From operating activities

 -79.7

6.6

-16.0

 -29.0

-41.4

From investing activities

 102.1

 8.1

 -13.4

 63.3

 44.1

- hereof investments in property, equipment and vessels

 -36.8

 -18.4

 -14.7

 -3.7

 0.0

From financing activities

 -85.3

 -5.5

-13.6

 -57.7

 -8.5

Change in cash and cash equivalents for the period

 -62.9

 9.2

 -43.0

 -23.4

 -5.8

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." has not been included in EBITDA.*Adjusted result for the period was computed as "Result for the period" adjusted for "Profit from the sale of vessels, etc" and "Fair value adjustment of certain hedging instruments".

3. Quarterly Key Figures 2015

Key figures in USD Million

2015

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

 

 

Revenue

1,653.4

455.9

423.6

400.1

373.8

Costs

-1,632.9

 -408.6

 -371.9

 -358.6

-493.8

Earnings before depreciation etc. (EBITDA)

20.5

 47.3

 51.7

 41.5

-120.0

Profit from sale of vessels etc.

-31.0

1.4

 1.8

 -3.2

-31.0

Depreciation and write-downs

-248.6

-17.2

 -17.0

 -17.0

-197.4

Earnings from operations (EBIT)

-282.0

30.0

 35.8

 20.8

-368.6

Fair value adjustment of certain hedging instruments

9.1

9.9

 12.7

 -4.7

-8.8

Net financials

-9.4

-0.5

 -3.4

 -4.9

-0.6

Result before tax

-282.3

39.4

 45.1

 11.3

-378.1

Result for the period 

-284.9

38.6

 43.4

10.1

-377.0

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

945.7

1,166.2

 1,170.6

1,181.0

 945.7

Total assets

1,604.7

 1,748.4

 1,754.2

 1,809.4

 1,604.7

Equity (including minority interests)

856.1

1,177.2

 1,221,9

1,230.9

 856.1

Liabilities

748.6

 571.2

 532.2

 578.5

 748.6

           

Invested capital

788.7

 1,185.0

 1,098.2

1,140.5

 788.7

Net interest-bearing assets

67.3

 -7.8

 123.7

 90.4

 67.3

Cash and securities

365.7

 219.9

 340.4

 358.8

 365.7

           

CASH FLOWS

 

 

 

 

 

From operating activities

76.9

 -3.0

 65.1

 -3.4

 18.2

From investing activities

-112.9

 -12.6

 -39.0

 -48.5

 -12.8

- hereof investments in property, equipment and vessels

-131.6

-49.9

 -26.8

 -38.4

 -16.5

From financing activities

67.5

 -3.1

 -11.2

 51.9

 29.9

Change in cash and cash equivalents for the period

31.5

 -18.7

 14.9

 0.0

 35.3

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." has not been included in EBITDA.

4. Older

Quarterly Key Figures 2014

Key figures in USD Million

2014

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

 

 

Revenue

 2,038.1

557.7

505.2

 451.6

523.6

Costs

 -2,299.6

 -565.4

 -512.6

-462.3

-759.3

Profit before depreciation etc. (EBITDA)

 -261.5

 -7.7

 -7.4

-10.8

-235.6

Profit from sale of vessels etc.

 0.0

 0.0

0.0

 0.0

0.0

Depreciation

 -68.2

 -15.4

 -16.0

-18.8

-18.0

Share of results of joint ventures

 -5,8

0.5

 -3.8

 2.0

-4.5

Profit from operation (EBIT)

 -335.5

-22.6

 -27.2

 -27.6

-258.1

Fair value adjustment of certain hedging instruments

 -61.9

-0.2

 -10.8

 -10.8

-40.1

Net financials

 -15,2

 -2.3

 -2.1

 -5.7

-5.1

Result before tax

 -412.5

 -25.1

 -40.1

 -44.1

-303.2

Result for the period 

 -415.6

 -26.5

 -41.7

-45.5

-301.9

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

 1,221.1

 1,226.9

1,238.3

 1,238.7

1,221.1

Total assets

1,778.1

 2,014.5

 1,870.3

 1,810.5

1,778.1

Equity

1,139.3

1,576.4

1,487.1

1,443.3

1.139.3

Liabilities

 638.7

 438.1

 383.2

 367.2

638.7

           

Invested capital

 1,131.6

1,384.1

1,408.3

1,405.5

1,131.6

Net interest-bearing assets

 7.7

 192.4

78.8

 37.8

7.7

Cash and securities

238.3

 447.7

323.2

 279.3

238.3

           

CASH FLOWS

 

 

 

 

 

From operating activities

 -46.0

 2,7

 -28.9

 9.5

 -29.3

From investing activities

66.2

 -8.6

-23.8

 -37.1

 135.7

- hereof investments in property, plant and equipment

-110.4

-26.6

-31.2

-31.5

 -21.1

From financing activities

-79.4

 -6.7

-58.4

 -3.1

 -11.2

Change in cash and cash equivalents for the period

-59.2

-12.7

-110.9

-30.7

 95.1

The ratios were computed in accordance with "Recommendations and Financial Ratios 2010" 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 106) in the Consolidated Annual Report for 2014. The figures are adjusted for the Company’s holding of treasury shares. 

Quarterly Key Figures 2013

Key figures in USD Million

2013

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

     

 

Revenue

 2,145.9

500.3

523.6

536.3

585.7

Costs

 -2,121.6

-490.7

 -519.7

-517.8

 593.4

Profit before depreciation etc. (EBITDA)

 24.3

9.6

 3.9

18.5

 -7.70

Profit from sale of vessels etc.

 2.5

2.2

 -0.0

0.3

 0.00

Depreciation

 -79.0

-18.6

 -19.3

-20.5

 -20.6

Profit from operations before write-downs

-51.3

 -6.9

-15.7

-0.7

-28.0

Write-downs

0.0

0.0

0.0

0.0

0.0

Profit from operation (EBIT)

 -51.3

-6.9

 -15.7

-0.7

-28.0

Fair value adjustment of certain hedging instruments

 10.6

0.9

 -7.1

0.1

16.7

Net financials

 -2.5

-3.9

 1.7

2.4

-2.7

Profit before tax

 -43.2

-9.9

 -21.1

1.8

 -14.0

Profit for the period

-47.7

-11.2

 -22.4

0.6

 -14.7

Profit for the period for the NORDEN shareholders

 -47.7

-11.2

-22.4

0.6

-14.7

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

1,215.2

1,160.2

1,228.1

1,226.5

1,215.2

Total assets

 2,061.2

1,963.2

1,979.7

2,015.8

 2,061.2

Equity

 1,604.8

1,677.1

1,626.6

1,621.0

 1,604.8

Liabilities

 456.4

286.1

353.1

394.8

 456.4

           

Invested capital

 1,377.0

1,333.4

1,336.4

1,336.3

 1,377.0

Net interest-bearing assets

 227.8

343.7

290.3

284.7

 227.8

Cash and securities

 486.1

498.4

485.2

528.8

 486.1

           

CASH FLOWS

 

 

 

 

 

From operating activities

 -8.9

-20.2

35.0

38.9

 -47.9

From investing activities

 -103.0

5.5

 -75.6

-93.2

 -9.7

- hereof investments in property, plant and equipment

-139.4

 -35.4

-77.1

-18.1

-8.8

From financing activities

 62.5

-1.0

 10.7

42.7

10.1

Change in cash and cash equivalents for the period

 -49.3

-15.7

 -15.2

29.0

-47.4

The ratios were computed in accordance with "Recommendations and Financial Ratios 2010" 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 2013. The figures are adjusted for the Company’s holding of treasury shares.

Quarterly Key Figures 2012

Key figures in USD Million

2012

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

     

 

Revenue

2,131.4

532.6

523.5

555.2

520.1

Costs

-1,983.5

-483.0

-492.1

-532.2

-476.2

Profit before depreciation etc. (EBITDA)

 147.9

49.6

31.3

22.7

 44.3

Profit from sale of vessels etc.

 -23.9

0.2

-0.3

-1.4

 -22.4

Depreciation and impairment

 -388.5

-325.0

-21.7

-21.3

 -20.3

Share of results of joint ventures

 -0.8

0.4

0.2

-0.5

 -0.9

Profit from operation (EBIT)

 -265.4

-274.9

9.6

-0.6

 0.5

Fair value adjustment of certain hedging instruments

 -10.1

19.7

-39.9

17.9

 -7.8

Net financials

 1.7

0.7

-0.1

0.3

 0.8

Profit before tax

 -273.9

-254.4

-30.4

17.6

 -6.7

Tax on the profit for the period

 -5.0

-1.5

-1.4

-1.5

 -0.6

Profit for the period

 -278.9

-255.9

-31.8

16.1

 -7.3

Profit for the period for the NORDEN shareholders

 -278.8

-255.9

-31.8

16.1

 -7.2

 

 

 

 

 

 

STATEMENT OF FINANCIAL POSITION          

Non-current assets

1,149.8

1,324.5

1,340.3

1,325.3

 1,149.8

Total assets

 2,033.4

2,053.2

1,967.6

1,975.1

 2,033.4

Equity at period-end

 1,687.2

1,740.7

1,677.6

1,692.5

 1,687.2

Liabilities

 346.2

312.5

289.9

282.6

 346.2

           

Invested capital

 1,314.2

1,451.0

1,434.5

1,439.5

 1,314.2

Net interest-bearing assets

 373.0

289.7

243.2

 253.0

 373.0

Cash and securities

 528.6

449.7

385.7

 392.6

 528.6

           

CASH FLOWS

 

 

 

 

 

From operating activities

122.1

40.4

31.8

 29.1

 20.8

From investment activities

 7.0

-27.7

-23.3

 -28.3

 86.3

From financing activities

 -37.9

-5.0

-46.9

 -3,1

 17.1

Change in cash and cash equivalents for the period

 91.2

7.7

-38.4

 -2.3

 124.2

The ratios were computed in accordance with "Recommendations and Ratios 2010" 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 85) in the pdf Annual Report for 2012. The figures are adjusted for the Company’s holding of treasury shares.

Quarterly Key Figures 2011

Key figures in USD Million

2011

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

     

 

Revenue

2,272.8

548.1

561.2

537.2

626.3

Costs

-2,086.4

 -500.2

-520.9

-501.2

-564.1

Profit before depreciation etc. (EBITDA)

 186.4

 47.8

40.3

 36.0

62.3

Profit from sale of vessels etc.

-0.2

 -0.4

0.0

0.0

0.2

Depreciation and impairment

-81.2

-17.1

-19.6

-21.0

-23.5

Share of results of joint ventures

-0.5

 -0.4

0.4 

-0.2

-0.3

Profit from operation (EBIT)

104.5

 30.0

21.1 

14.9

38.5

Fair value adjustment of certain hedging instruments

-14.9

 32.7

-11.4 

-29.2

-7.0

Net financials

3.7

 8.1

1.9 

-5.3

-1.0

Profit before tax

93.3

70.8

11.5 

-19.6

30.6

Tax on the profit for the period

-5.5

-1.6

-1.5 

-1.5

-0.9

Profit for the period

87.8

 69.2

10.0 

-21.1

29.7

Profit for the period for the NORDEN shareholders

87.8

 69.2

10.0 

-21.1

29.7

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

1,634.4

 1,454.8

 1,529.5

 1,607.4

1,634.4

Total assets

2,350.3

 2,227.8

2,295.9

2,231.3

2,350.3

Equity at period-end

1,994.4

2,031.0

1,987.5

1,963.3

1,994.4

Liabilities

355.8

196.8 

 308.4

 267.9

355.8

           

Invested capital

1,752.3

 1,564.3

1,605.9

1,694.3

1,752.3

Net interest-bearing assets

242.1

 466.7

 381.6

269.1

242.1

Cash and securities

407.2

 510.0

 498.4

366.2

407.2

           

CASH FLOWS

 

 

 

 

 

From operating activities

120.1

 -2.0

68.3

11.6

42.2

From investment activities

-355.2

 -64.1

 -119.6

-99.5

-72.2

From financing activities

18.4 

 -45.9

 -55.3

 -19.7

139.3

Change in cash and cash equivalents for the period

-216.7

 -112.0

 -4.4

-107.7

7.4

 

Quarterly Key Figures 2010

Key figures in USD Million

2010

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

     

 

Revenue

2,189.6

516.3

585.5

496.1

591.7

Costs

 -1,950.0

 -436.9

-485.9

 -474.3

-552.9

Profit before depreciation etc. (EBITDA)

 239.6

 79.3

99.6

 21.9

38.8

Profit from sale of vessels etc.

28.1

 -0.8

-2.2

 31.7

-0.6

Depreciation and impairment

-49.5

-9.9

-10.9

 -13.2

-15.5

Share of results of joint ventures

4.3

 -0.1

0.0

 4.6

 -0.2

Profit from operation (EBIT)

222.5

 68.6

86.5

 44.9

22.5

Fair value adjustment of certain hedging instruments

30.4

 -0.9

1.9

 4.4

 25.0

Net financials

 -2.2

 -3.5

-3.7

 5.1

 -0.1

Profit before tax

 250.8

64.2

84.7

 54.4

47.5

Tax on the profit for the period

 -6.0

-1.3

-1.3

-2.1

 -1.3

Profit for the period

244.8

 62.9

83.3

 52.3

 46.3

Profit for the period for the NORDEN shareholders

244.8

 62.9

83.3

 52.3

 46.3

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

 1,373.1

 1,069.2

1,085.2

1,232.2

 1,373.1

Total assets

2,250.5

 2,030.3

 2,098.7

 2,162.3

2,250.5

Equity at period-end

 1,998.1

1,869.9

 1,901.8

 1,951.5

1,998.1

Liabilities

252.4

160.4 

197.0

210.8

252.4

           

Invested capital

1,443.8

 1,229.5

 1,251.2

 1,247.1

1,443.8

Net interest-bearing assets

554.3

 640.5

 650.6

 704.4

554.3

Cash and securities

612.7

 701.5

711.6

 762.8

 612.7

           

CASH FLOWS

 

 

 

 

 

From operating activities

 298.4

 30.1

156.9

49.3

 62.1

From investment activities

-380.1

 -64.9

 -71.4

  -55.5

 -188.3

From financing activities

-65.5

 -2.6

 -52.7

-10.2

-0.0

Change in cash and cash equivalents for the period

 -147.2

 -37.3

 32.9

 -16.3

 -126.5

 

Quarterly Key Figures 2009

Key figures in USD Million

2009

Q1

Q2

Q3

Q4

INCOME STATEMENT  

 

 

     

 

Revenue1)

1,675.9

415.0

390.7

 399.4

470.5

Costs1)

 -1,550.2

 -400.2

 -362.0

 -371.0

-471.2

Profit before depreciation etc. (EBITDA)

125.6

 15.1

 28.8

 28.4

53.3

Profit from sale of vessels etc.

69.6

 16.4

 22.7

 12.5

 17.9

Depreciation and impairment

-39.5

 -8.3

-8.6

 -13.0

 -9.7

Share of results of joint ventures

1.0

 -1.7

 2.4

0.4

 -0.1

Profit from operation (EBIT)

156.7

 21.6

 45.3

28.4

 61.5

Fair value adjustment of certain hedging instruments

60.8

 54.9

 10.0

 6.9

 -11.0

Net financials

7.1

-2.3

 7.1

 3.4

 -1.1

Profit before tax

224.5

74.2

 62.3

 38.7

 49.3

Profit for the period

217.2

 72.5

60.0

 36.9

 47.8

Profit for the period for the NORDEN shareholders

217.2

72.5

60.0

 36.9

 47.8

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

1,027.8

934.7

973.1

 941.3

1,027.8

Total assets

 2,031.7

1,950.7

 1,922.4

 1,985.8

2.031.7

Equity at period-end

 1,805.0

1,744.5

 1,714.4

 1,756.6

1,805.0

Non-current liabilities

58.4

 98.6

 90.3

 58.4

58.4

Current liabilities

 168.3

 107.6

 117.7

 170.7

168.3

Invested capital

 1,133.2

 935.7

980.2

 1,043.9

1,133.2

Net interest-bearing assets

671.8

808.9

 734.2

 712.7

671.8

Cash and securities

 735.4

875.0

 800.4

 776.3

 735.4

           

CASH FLOWS

 

 

 

 

 

From operating activities

160.2

60.8

 109.5

 152.1

-162.2

From investment activities, including vessels

 -385.2

 4.1

 -18.1

 -83.8

 17.8

From financing activities

 -112.6

 -12.6

 -110.0

 -112.6

 122.6

Change in cash and cash equivalents for the period

 -32.4

52.3

 -18.7

 -44.4

 -21.6

1)Figures have not been adjusted in connection with changes (effective as of the financial year 2010) in the recognition method for share of results of joint ventures. For further description, see note 1 ( pdf Annual Report 2010) to the financial statements, "Significant accounting policies". 

Quarterly Key Figures 2008

Key figures in USD Million

2008

Q1

Q2

Q3

Q4

INCOME STATEMENT  

     

 

     

 

Revenue1)

4,246.8

1,059.3

1,168.8

1,262.1

756.6

Costs1)

-3,741.0

 -938.3

 -987.1

-1,065.4

-750.3

Profit before depreciation (EBITDA)

505.7

 121.1

 181.7

196.6

6.3

Profit from sale of vessels

290.0

55.1

 122.0

82.2

30.7

Depreciation

-31.6

-6.5

 -6.3

-7.0

-11.8

Share of results of joint ventures

8.6

0.2

 1.2

1.5

5.7

Profit from operation (EBIT)

772.6

 170.0

 298.6

273.3

30.7

Fair value adjustments etc (IAS 39)

-81.1

0.9

 102.2

-143.9

-40.3

Net financials

29.1

32.7

 0.3

 -5.6

1.7

Profit before tax

720.5

203.6

 401.2

 123.8

-8.1

Profit for the period

 707.8

200.2

 397.6

 120.1

-10.1

Profit for the period for the NORDEN shareholders

707.8

200.2

 397.6

 120.1

-10.1

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

922.5

 676.6

 846.3

 905.4

 922.5

Total assets

2,041.7

1,700.8

1,810.0

 1,970.3

2,041.7

Equity at period-end

1,700.4

 1,504.2

1,580.3

 1,696.9

1,700.4

Non-current liabilities

91.7

94.3

 94.3

 91.7

91.7

Current liabilities

 249.6

 102.4

 135.3

 181.8

 249.6

Invested capital

940.4

902.6

1,129.7

 1,134.5

940.4

Net interest-bearing debt

 -759.9

 -601.6

 -450.7

 -562.4

-759.9

 

 

 

 

 

 

CASH FLOWS

 

 

 

 

 

From operating activities

 540.9

 117.0

 206.4

 86.6

130.9

From investment activities, including vessels

-56.7

 -65.3

 -37.5

 29.7

16.4

From financing activities

 -364.9

-18.3

 -320.1

 -5.7

-20.8

Change in cash and cash equivalents for the period

 119.3

  33.3

-151.1

110.6

126.5

1)Figures have not been adjusted in connection with changes (effective as of the financial year 2010) in the recognition method for share of results of joint ventures. For further description, see note 1 ( pdf Annual Report 2010) to the financial statements, "Significant accounting policies". 

Quarterly Key Figures 2007

Key figures in USD Million

2007

Q1

Q2

Q3

Q4

INCOME STATEMENT  

     

     

     

 

Revenue1)

2,933.1

476.2

627.5

779.3

1,050.1 

Costs1)

 -2,395.6

 -388.6

-522.1

 -641.8

 -843.1

Profit before depreciation (EBITDA)

 537.5

 87.6

105.4

 137.5

 207

Profit from sale of vessels

 163.1

 68.2

 47.2

 20.8

 26.9

Depreciation

 -19.5

 -5,2

 -4.9

 -4.5

 -4.9

Share of results of joint ventures

 1.6

 0.5

 0.1

 -0.6

 1.6

Profit from operation (EBIT)

 682.7

 151.1

 147.8

153.2

230.6 

Fair value adjustments etc (IAS 39)

 19.9

 -6.1

 -1.7

 39.3

-11.6 

Net financials

 22.7

 2.9

 5.6

 6.3

7.9 

Profit before tax

 725.3

 147.9

 151.6

 198.8

227.0 

Tax for the period

 -22.0

 -12.3

 -2.1

 -3.1

-4.6 

Profit for the period

703.3 

 135.6

 149.5

 195.7

222.4

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

 589.9

472.8

538.1

 589.2

589.9 

Total assets

 1,609.4

 1,021.7

1,107.5

 1,312.9

1,609.4 

Equity at period-end

1,311.2

849.3

 889.4

 1,088.2

1,311.2 

Liabilities

 298.2

 172.4

218.1

 224.6

298.2 

Cash and securities

 622.6

406.0 

390.6

 529.9

622.6 

Invested capital

 786.3

 544.9

620.4

 656.1

786.3 

Net interest-bearing debt

 -524.9

 -304.4

 -269.0

 -432.1

-524.9 

 

 

 

 

 

 

CASH FLOWS

 

 

 

 

 

From operating activities

466.7

63.4 

111.4 

 168.6

123.3 

From investment activities

 -4.6

75.2 

-51.4 

 -7.6

-20.8 

- of which investment in tantible assets

 -289.9

-56.6 

-169.1

-56.8

-7.4 

From financing activities

 -176.2

 -50.6

-76.2 

 -21.4

-28.0 

Change in cash and cash equivalents for the period

         285.9 

             88.0

          -16.2 

        139.6

74.5 

1)Figures have not been adjusted in connection with changes (effective as of the financial year 2010) in the recognition method for share of results of joint ventures. For further description, see note 1 ( pdf Annual Report 2010) to the financial statements, "Significant accounting policies". 

Quarterly Key Figures 2006

Key figures in USD Million

2006

Q1

Q2

Q3

Q4

INCOME STATEMENT          

Revenue1)

1,234.2

254.9

267.8

316.8

394.7

Costs1)

-1,068.1

-220.1

-237.4

-267.7

-342.9

Profit before depreciation (EBITDA)

166.1

34.7

30.4

49.1

51.7

Profit from sale of vessels

55.4

25.1

13.8

0.1

16.3

Depreciation

-20.3

-4.4

-4.9

-5.3

-5.8

Share of results of joint ventures

1.4

0.6

0.4

0.5

-0.1

Profit from operation (EBIT)

202.6

56.0

39.8

44.5

62.2

Fair value adjustments etc (IAS 39)

-27.0

3.3

-7.3

-26.0

3.0

Net financials

12.4

2.5

4.8

2.1

3.0

Profit before tax

188.0

61.9

37.3

20.6

68.2

Tax for the period

-11.5

-7.1

-4.5

-0.8

1.0

Profit for the period

176.5

54.7

32.8

19.7

69.2

 

 

 

 

 

 
STATEMENT OF FINANCIAL POSITION          

Non-current assets

482.8

351.4

426.9

448.8

482.8

Total assets

960.6

796.0

784.5

836.8

960.6

Equity at period-end

713.5

663.0

624.4

643.7

713.5

Liabilities

247.0

133.0

160.1

193.1

247.0

Cash and securities

317.7

340.0

271.0

271.6

317.7

Invested capital

556.6

408.8

456.2

492.3

556.6

Net interest-bearing debt

-157.0

-254.2

-168.2

-151.4

-157.0

 

 

 

 

 

 

CASH FLOWS

 

 

 

 

 

From operating activities

123.1

33.9

40.1

39.5

9.8

From investment activities

-84.3

25.8

-48.3

-60.0

-1.8

- of which investment in vessels (gross)

-94.1

-34.2

-39.9

-19.3

-0.8

From financing activities

-36.3

-34.6

-58.7

20.4

36.6

Change in cash and cash equivalents for the period

2.6

25.1

-66.9

-0.1

44.5

Please see section "Accounting policies" in the pdf Annual Report for 2006 for detailed information on accounting policies.

1)Figures have not been adjusted in connection with changes (effective as of the financial year 2010) in the recognition method for share of results of joint ventures. For further description, see note 1 ( pdf Annual Report 2010) to the financial statements, "Significant accounting policies".