RESUMÉ Financial results (figures for the corresponding period in 2015 are given in parenthesis) Revenue from the railway DKK 25 million (DKK 27 million). As part of the adoption of the Fi- nance Act for 2016, the fees for the rail companies’ use of the railway across Øresund were reduced. Operating expenses DKK 15 million (DKK 6 million). Depreciation: DKK 54 million (DKK 20 million). EBIT amounts to a loss of DKK 42 million (profit DKK 3 million). Interest expenses: DKK 34 million (DKK 39 million). Value adjustments, expense DKK 458 million (expense DKK 594 million). This includes the fair value adjustment of net financials at an expense of DKK 461 million, which is an accounting item with no effect on the companies’ debt reduction. The share from Øresundsbro Konsortiet I/S, expense DKK 77 million (expense DKK 155 million). Øresundsbro Konsortiet I/S’ result is affected by a rise in road revenue of 7.4 per cent. This can be explained by growth in traffic of 5.3 per cent (adjusted for the leap year day, traffic growth amounts to 4.1 per cent). In addition, the result is affected by higher interest expenses and negative value adjustments of DKK 367 million (negative DKK 517 million) of which half is included in the company’s share of the result. The result before value adjustments and tax is a profit of DKK 31 million, including the share of the result in Øresundsbro Konsortiet I/S (share of profit DKK 107 million). Tax constitutes an income of DKK 134 million (income DKK 173 million). The result after tax is a loss of DKK 476 million (loss DKK 613 million). Cash flow Cash flow from operating and investing activities (free cash flow) resulted in a net rise in liquidity of DKK 10 million. Cash flow from financing activities has resulted in a rise in liquidity of DKK 2 million whereby the Group’s cash at bank and in hand for the period saw a net increase of DKK 12 million. Outlook for 2016 The outlook for the result before financial value adjustments and tax is unchanged at a loss of DKK 70 million. Page 2/11 30 May 2016
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