RESUMÉ Financial results (figures for the corresponding period in 2011 are given in parenthesis) Road revenue totals DKK 1,962 million (DKK 1,851 million). Compared to 2011, road reve- nue from Storebælt rose by 6.0 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 1.8 per cent. Adjusted for the leap year, traffic growth amounts to 1.5 per cent. Revenue from the rail link totals DKK 657 million (DKK 648 million) Operating expenses DKK 313 million (DKK 296 million) Depreciation DKK 506 million (DKK 525 million) EBIT DKK 1,859 million (DKK 1,731 million) Interest expenses DKK 1,176 million (DKK 1,217 million). Value adjustments, expense DKK 745 million (expense DKK 999 million). This comprises the fair value adjustment of net financials at an expense of DKK 721 million which is an accounting item with no effect on the companies’ debt reduction. The share of Øresundsbro Konsortiet’s results is an expense of DKK 14 million (expense DKK 150 million). Øresundsbro Konsortiet’s results are affected by increasing turnover from the road section of 3.7 per cent, lower expenses, higher depreciation, lower interest expenses and negative value adjustments of DKK 175 million (negative DKK 282 million). The result after tax is a loss of DKK 56 million (loss DKK 477 million) Cash flow Cash flow from operating activities before interest expenses and investment activities (free cash flow) resulted in a net rise in liquidity of DKK 1,897 million. Cash flow from financing activity resulted in a net fall in liquidity of DKK 1,601 million. The Group’s cash at bank and in hand for the period saw a net increase of DKK 296 million. Outlook for 2012 The outlook before financial value adjustments and tax has been upgraded by DKK 65 million as a result of higher turnover and lower interest expenses for Storebælt. The result for the Group as a whole is expected to amount to profits of DKK 1,060 million. Page 2/28 15 November 2012
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