SUMMARY Financial results (figures for the corresponding period in 2017 are given in parenthesis). Road revenue: DKK 1,389 million (DKK 1,531 million). Compared to 2017, road revenue from Storebælt decreased by 9 per cent. This can primarily be explained by the impact of the toll fee reduction as traffic increased in all segments and overall by 2.0 per cent compared to 2017. Revenue from the railway: DKK 183 million (DKK 212 million). As part of the adoption of the Finance Act 2016, it was decided that the fees for the rail companies’ use of the Øresund railway line should be reduced over a number of years. Moreover, revenue from A/S Storebælt is also reduced as a consequence of the reduction in the fares for passenger trains in parallel with the reduction in fees for road traffic. Other revenue includes the sale of development rights for DKK 7.5 million on the part of A/S Øresund as well as the sale of Sprogø wind farm on the part of A/S Storebælt with effect from 1 June 2018. Net profit amounts to DKK 65.7million. Operating expenses: DKK 250 million (DKK 257 million). Depreciation: DKK 409 million (DKK 446 million). EBIT: DKK 1,029 million (DKK 1,078 million). Interest expenses: DKK 228 million (expense of DKK 397 million). The fall in financing expenses is largely due to the early repayment of loans and lower inflation. Value adjustments: expense DKK 281 million (income of DKK 814 million). The fair value adjustments are an accounting item with no effect on the company’s debt repayment because the debt is repaid at nominal value. The share of the result from Øresundsbro Konsortiet I/S: income of DKK 330 million (income DKK 426 million). Øresundsbro Konsortiet I/S’ result is positively affected by a rise in road revenue of 1.4 per cent and by lower interest expenses. Conversely, compared to 2017, value adjustments are negatively affected and are DKK 309 million lower. The result before value adjustments and tax is a profit of DKK 1,068 million (profit DKK 914 million) including the share of the profit in Øresundsbro Konsortiet I/S. Tax amounts to an expense of DKK 187 million (DKK 423 million). The changes in relation to the same period in 2017 are solely related to changes in the results. The result after tax is a profit of DKK 662 million (DKK 1,498 million). Cash flow Cash flow from operating and investing activities (free cash flow) has resulted in a net rise in liquidity of DKK 1,495 million. Cash flow from financing activities has resulted in a net fall in liquidity of DKK 1,178 million whereby the Group’s cash at bank and in hand for the period saw a net increase of DKK 317 million. Page 2/37 27 August 2018
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