RESUMÉ Financial results (figures for the same period in 2010 are provided in parenthesis) • Road revenue totals DKK 513 million (DKK 490 million) • Compared to 2010, road revenue from Storebælt increased by 4.7 per cent while traffic in- creased by 3.6 per cent. The revenue increase is explained in part by the rise in toll charges on 1 January and in part by the increase in traffic. • Revenue from the rail link totals DKK 213 million (DKK 213 million). • Operating expenses DKK 92 million (DKK 99 million) • Depreciation DKK 175 million (DKK 173 million) • EBIT DKK 478 million (DKK 450 million) • Interest expenses DKK 357 million (DKK 423 million). Expenses are DKK 66 million lower than in 2010 owing to lower interest rate levels. • Value adjustments, income DKK 374 million (expense DKK 566 million). This comprises the fair value adjustment of net financials of DKK 378 million. This is an accounting item with no effect on the companies’ debt reduction. • Share of Øresundsbro Konsortiet’s results, income DKK 102 million (expense DKK 202 million). Øresundsbro Konsortiet’s results are affected by increased turnover on the road section of 7 per cent as well as positive value adjustments of DKK 79 million (negative DKK 204 million). • Result after tax, a profit of DKK 448 million (a loss of DKK 555 million) Cash flow • The Group’s cash at bank and in hand for the period showed a net fall of DKK 32 million. Cash flow from operations and investments (free cash flow) resulted in a net rise in liquidity of DKK 920 million. Cash flow from financing activity resulted in a net fall in liquidity of DKK 952 million. Expectations for 2011 • Result expectations before financial value adjustments and tax remain unchanged at a profit of approx. DKK 560 million. Page 2/28 16 May 2011
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