RESUMÉ Accounting result (figures for the same period in 2007 are given in paren- thesis). • Road revenue DKK 1,805 million (DKK 1,766 million) The rise in road revenue from Storebælt amounts to 2.2 per cent compared to 2007. Traffic growth accounts for a rise of 2.6 per cent. The smaller rise in traffic revenue is owing to a change in traffic composition. • Revenue from the railway: DKK 606 million (DKK 591 million) The rise is solely owing to the price adjustment. • Operating costs: DKK 325 million (DKK 292 million) • Depreciation: DKK 528 million (DKK 630 million) • Operating profit: DKK 1,605 million (DKK 1,461 million) • Interest costs: 1,466 mio. kr. (DKK 1,371 million). The cost is DKK 95 million up on the year owing to higher inflation and inter- est rate levels. • Value adjustments: expense DKK 750 million (income: DKK 1,203 million). Included is the fair value adjustment of financial items of DKK 745 million, which is an accounting item with no ef- fect on the companies’ debt reduction. • Share of the result from Øresundsbro Konsortiet: expense DKK 82 million (income: DKK 274 million). Øresundsbro Konsortiet’s re- sult is affected by increased turnover from the road section of 6.5 per cent as well as the share of negative value adjustments of DKK 102 million (revenue DKK 280 million). • Result after tax, loss of DKK 520 million (profit of DKK 975 mil- lion) Cash flow • The Group’s cash at bank and in hand increased by DKK 1,761 million net during the period. Cash flow from operations and in- vestments (free cash flow) resulted in a net increase in liquidity of DKK 1,799 million. Cash flow from financing activities resulted in a net fall in liquidity of DKK 38 million. Expectations for 2008 • The Group’s result before financial value adjustments and tax for 2008 is expected to be DKK 0 which is unchanged on the forecast given in the half year report for 2008. page 2/26 27 November 2008
Download PDF fil