RESUMÉ Financial results (figures for the corresponding period in 2014 are given in parenthesis). Road revenue: DKK 1,395 million (DKK 1,340 million). Compared to 2014, road revenue from Storebælt increased by 4.1 per cent. The increase can primarily be explained by a 4.2 per cent growth in traffic. Revenue from the railway; DKK 296 million (DKK 394 million). The fall in revenue is due to the annual reduction of DKK 200 million (2014 price level) in the rail fee for Storebælt under the Danish government’s growth package as adopted by the Danish parliament in 2014. Operating expenses: DKK 224 million (DKK 225 million). Depreciation: DKK 265 million (DKK 265 million). EBIT DKK 1,234 million (DKK 1,275 million). Interest expenses DKK 293 million (DKK 329 million). Value adjustments: income DKK 138 million (expense DKK 612 million).This includes the fair value adjustment of net financials at an income of DKK 147 million, which is an accounting item with no effect on the companies’ debt reduction. The result before value adjustments and tax is a profit of DKK 941 million (profit DKK 946 million). Tax constitutes an expense of DKK 238 million (expense DKK 73 million). As regards the tax expense for the period, a tax income of DKK 16 million has been offset, which relates to a write-down of the Group’s tax asset as a result of the reduction in the corporation tax rate. The result after tax is a profit of DKK 842 million (profit DKK 260 million). Cash flow Cash flow from operating and investing activities (free cash flow) resulted in a net rise in liquidity of DKK 897 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK 1,310 million whereby A/S Storebælt’s cash at bank and in hand for the period saw a net fall of DKK 413 million. Outlook for 2015 The outlook before financial value adjustments and tax is upgraded by DKK 110 million to approximately DKK 1,860 million. Page 2/11 27 August 2015
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