RESUMÉ Financial results (figures for the corresponding period in 2012 are given in parenthesis). Road revenue DKK 1,998 million (DKK 1,962 million). Compared to 2012, road revenue from Storebælt increased by 1.8 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 0.8 per cent. Adjusted for the leap year in 2012, the decline in traffic amounts to 0.5 per cent. Revenue from the railway: DKK 666 million (DKK 657 million). Operating expenses: DKK 326 million (DKK 313 million) Depreciation: DKK 464 million (DKK 506 million) EBIT: DKK 1,928 million (DKK 1,859 million) Interest expenses DKK 820 million (DKK 1,176 million). Value adjustments, income DKK 1,446 million (expense DKK 745 million). This comprises the fair value adjustment of net financials at an income of DKK 1,437 million, which is an accounting item with no effect on the companies’ debt reduction. The share from Øresundsbro Konsortiet’s results is an income of DKK 818 million (expense DKK 14 million). Øresundsbro Konsortiet’s results are affected by increasing turnover from the road section of 4.5 per cent, which can be explained by a combination of the increase in toll charges from 1 January, increased leisure and freight traffic and a fall in business and commuter traffic. In addition, the results are affected by interest expenses as well as positive value adjustments of DKK 1,140 million (negative DKK 349 million). Tax constitutes an expense of DKK 1,147 million (income DKK 19 million). Of the period’s tax expense, DKK 302 million relates to a writedown 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 2,225 million (loss DKK 56 million) Cash flow Cash flow from operating and investment activities (free cash flow) resulted in a net rise in li- quidity of DKK 2,062 million. Cash flow from financing activities resulted in a net fall in liquidity of DKK 2,022 million. The Group’s cash at bank and in hand saw a net increase of DKK 40 million. Outlook for 2013 The outlook before financial value adjustments and tax remains unchanged at a profit of approximately DKK 1,600 million. Page 2/30 28 November 2013
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