SUMMARY Financial results (figures for the corresponding period in 2016 are given in parenthesis). Road revenue DKK 1,531 million (DKK 1,479 million). Compared to 2016, road revenue from the Storebælt fixed link increased by 3.6 per cent. The increase can in part be explained by traffic growth of 3.8 per cent (not adjusted for the leap year day, traffic growth amounts to 3.3 per cent) and in part by a small increase in toll charges with effect from 1 January 2017. Revenue from the railway: DKK 172 million (DKK 181 million). The fall is due to a decrease in the number of trains using the link. Operating expenses: DKK 192 million (DKK 203 million). Depreciation: DKK 267 million (DKK 274 million). EBIT: DKK 1,270 million (DKK 1,210 million). Interest expenses: DKK 279 million (DKK 245 million). The increase is due to inflation. The result before value adjustments and tax is a profit of DKK 991 million (profit DKK 966 million). Value adjustments: income DKK 418 million (expense DKK 274 million). This includes the fair value adjustment of net financials at a income of DKK 416 million. The fair value adjustment is an accounting item with no effect on the company’s debt repayment because the debt is repaid at nominal value. Tax constitutes an expense of DKK 310 million (expense DKK 152 million). Changes in relation to the same period in 2016 are solely related to changes in the result. The result after tax is a profit of DKK 1,099 million (profit DKK 540 million). Cash flow Cash flow from operating and investing activities (free cash flow) has resulted in a rise in liquidity of DKK 1,193 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK 1,106 million whereby A/S Storebælt’s cash at bank and in hand for the period saw a net increase of DKK 87 million. Outlook for 2017 The outlook before financial value adjustments and tax remains unchanged at a profit of approximately DKK 2 billion. Page 2/10 21 August 2017
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