RESUMÉ Financial results (figures for the corresponding period in 2014 are given in parenthesis). Road revenue: DKK 2,205 million (DKK 2,116 million). Compared to 2014, road revenue from Storebælt increased by 4.2 per cent. The revenue increase can primarily be explained by traffic growth of 4.5 per cent Revenue from the railway; DKK 444 million (DKK 590 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 328 million (DKK 337 million). Depreciation: DKK 397 million (DKK 398 million). EBIT DKK 1,968 million (DKK 2,015 million). Interest expenses DKK 402 million (DKK 440 million). Value adjustments: income DKK 297 million (expense DKK 777 million).This includes the fair value adjustment of net financials at an income of DKK 304 million, which is an accounting item with no effect on the company’s debt reduction. The result before value adjustments and tax is a profit of DKK 1,566 million (profit DKK 1,575 million). Tax constitutes an expense of DKK 410 million (expense DKK 176 million). As regards the tax expense for the period, a tax income of DKK 28 million has been offset, which relates to an adjustment 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 1,453 million (profit DKK 623 million). Cash flow Cash flow from operating and investing activities (free cash flow) resulted in a net rise in liquidity of DKK 1,768 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK 1,529 million whereby A/S Storebælt’s cash at bank and in hand for the period saw a net rise of DKK 239 million. Outlook for 2015 The outlook before financial value adjustments and tax is upgraded by DKK 100 million to a profit of approximately DKK 1,960 million. Page 2/11 26 November 2015
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