RESUMÉ Financial results (figures for the corresponding period in 2015 are given in parenthesis). Road revenue: DKK 662 million (DKK 627 million). Compared to 2015, road revenue from A/S Storebælt increased by 5.5 per cent. The increase can partly be explained by traffic growth of 5.3 per cent (adjusted for the leap year day, traffic growth amounts to 4.2 per cent), and partly by a general toll charge increase from 1 January 2016. Revenue from the railway: DKK 90 million (DKK 148 million). As part of the adoption of the Finance Act for 2016, the fee for the rail companies’ use of the railway across Storebælt will be reduced by DKK 264 million in 2016. Operating expenses: DKK 85 million (DKK 99 million). Depreciation: DKK 137 million (DKK 132 million). EBIT: DKK 545 million (DKK 561 million). Interest expenses: DKK 52 million (DKK 37 million). The result before value adjustments and tax is a profit of DKK 493 million (profit DKK 524 million). Value adjustments: expense DKK 179 million (expense: DKK 504 million). This includes the fair value adjustment of net financials at an expense of DKK 188 million, which is an accounting item with no effect on the companies’ debt reduction. Tax constitutes an expense of DKK 69 million (expense DKK 5 million). The result after tax is a profit of DKK 245 million (profit DKK 16 million). Cash flow Cash flow from operating and investing activities (free cash flow) resulted in a net rise in liquidity of DKK 519 million. Cash flow from financing activities has resulted in a fall in liquidity of DKK 36 million, whereby A/S Storebælt’s cash at bank and in hand for the period saw a net increase of DKK 483 million. Outlook for 2016 The outlook before financial value adjustments and tax is unchanged at a profit of DKK 1,720 million. Page 2/11 30 May 2016
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