A/S Storebælt Annual Report 3 Company objective A/S Storebælt’s main responsibility is to own and operate the fixed link across Storebælt. The tasks will be carried out with due regard for a high level of accessibility and safety on the link. Moreover, repayment of the loans raised to finance the facilities should take place within a reasonable time frame. Highlights of the year Trafik Road traffic on the Storebælt Bridge set a number of records in 2015, including the full year record, which now stands at 11.9 million vehicles. Furthermore, August was the highest ever month with 1.18 million vehicles while Sunday, 9 August was the highest single day with 48,257 vehicles. Traffic grew 4.6 per cent compared to 2014, with passenger car traffic rising by 4.8 per cent and lorry traffic by 1.6 per cent. Train traffic accounted for just under 8.2 million passengers in 2015, a fall of 5.6 per cent compared to 2014. Financial position The result before fair value adjustments and tax was a profit of DKK 2,063 million, corresponding to an improvement of DKK 6 million compared to 2014. The result was affected by higher turnover of 4.3 per cent from road revenue, a fall in rail revenue of 32.8 per cent corresponding to approximately DKK 200 million and lower expenses and depreciation of DKK 17 million net. Net interest expenses fell by DKK 67 million compared to 2014. The result before tax is a profit of DKK 2,426 million and is affected by recognised fair value adjustments of DKK 363 million. The result after tax is a profit of DKK 1,887 million. It is proposed that a dividend of DKK 1,200 million be paid to the shareholder. Profitability For A/S Storebælt, the repayment period is unchanged on the year and amounts to 31 years. Turnover from the road link across Storebælt totals DKK 2,904 million. In 2015, DKK 1.1 billion was repaid on A/S Storebælt’s interestbearing net debt, which totalled DKK 22.5 billion at the end of the year. DKK 900 million was paid in dividend to the shareholder. The effect of value adjustments on the results Operating profit (EBIT) Net financials Profit before fair value adjustment and tax Consolidated income statement according to annual report Fair value adjustment Proforma income statement 2,576.4 -150.6 -363.0 2,576.4 -513.6 2,062.8 Fair value adjustment 363.0 363.0 Profit before tax 2,425.8 2,425.8 Tax Profit for the year -538.8 1,887.0 -538.8 1,887.0
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