RESUMÉ Financial results (figures for the corresponding period in 2012 are given in parenthesis). Road revenue DKK 1,263 million (DKK 1,247 million). Compared to 2012, road revenue from Storebælt increased by 1.3 per cent. The increase can be explained by a combination of the increase in toll charges from 1 January and a fall in traffic of 1.3 per cent. Adjusted for the leap year in 2012, the decline in traffic amounts to 0.8 per cent. Revenue from the railway DKK 444 million (DKK 438 million). Operating expenses DKK 218 million (DKK 203 million) Depreciation DKK 309 million (DKK 345 million) EBIT DKK 1,217 million (DKK 1,172 million) Interest expenses DKK 606 million (DKK 869 million). Value adjustments, income DKK 1,387 million (income DKK 82 million). This comprises the fair value adjustment of net financials at an income of DKK 1,381 million, which is an accounting item with no effect on the companies’ debt reduction. The share from Øresundsbro Konsortiet’s results is income of DKK 628 million (income DKK 124 million). Øresundsbro Konsortiet’s results are affected by increasing turnover from the road section of 5.6 per cent, which can be explained by a combination of the increase in toll changes from 1 January, increased leisure and lorry traffic and a fall in commuter traffic. In addition, the results are affected by lower costs and interest expenses as well as positive value adjustments of DKK 1,005 million (positive DKK 150 million). Tax DKK 961 million (DKK 127 million). Of the period’s tax expense, DKK 302 million relates to a write down of the Group’s tax asset as a result of the recently adopted legislative amendment, which reduced the corporation tax rate. The result after tax amounts to a profit of DKK 1,666 million (profit DKK 382 million) Cash flow Cash flow from operating and investment activities (free cash flow) resulted in a net rise in li- quidity of DKK 1,309 million. Cash flow from financing activities resulted in a net fall in liquidity of DKK 1,416 million. The Group’s cash at bank and in hand saw a net fall of DKK 107 million. Forecast for 2013 The forecast before financial value adjustments and tax has been revised upwards by DKK 240 million to a profit of approximately DKK 1,600 million. Page 2/30 27. august 2013
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