RESUMÉ Financial results (figures for the equivalent period in 2011 are given in parenthesis). Road revenue totals DKK 1,247 million (DKK 1,158 million). Compared to 2011, road reve- nue from Storebælt rose by 7.7 per cent. The rise in revenue is explained in part by the increase in toll charges on 1 January and in part by the rise in traffic of 3.2 per cent. Adjusted for the leap year, traffic growth amounts to 2.7 per cent. Revenue from the rail link totals DKK 438 million (DKK 425 million). Operating expenses DKK 203 million (DKK 202 million). Depreciation DKK 345 million (DKK 349 million). EBIT DKK 1,172 million (DKK 1,068 million). Interest expenses DKK 869 million (DKK 899 million). Value adjustments, income of DKK 82 million (income of DKK 233 million). This comprises the fair value adjustment of net financials at an income of DKK 69 million which is an accounting item with no effect on the companies’ debt reduction. The share of Øresundsbro Konsortiet’s results is an income of DKK 124 million (income DKK 139 million). Øresundsbro Konsortiet’s results have been affected by increasing turnover from the road section of 1.8 per cent, lower expenses, higher depreciation, lower interest expenses and positive value adjustments of DKK 150 million (positive DKK 201 million). The result after tax is a profit of DKK 382 million (profit of DKK 406 million). Cash flow The Group’s cash at bank and in hand for the period showed a net increase of DKK 362 million. Cash flow from operating activities before interest expenses and investment activity (free cash flow) resulted in a net rise in liquidity of DKK 853 million. Cash flow from financing activity resulted in a net fall in liquidity of DKK 491 million. Outlook for 2012 The outlook before financial value adjustments and tax remains unchanged at a profit of approximately DKK 985 million. Page 2/28 30 August 2012
Download PDF fil