RESUME Accounting result (the figures for the same period in 2007 are given in parenthesis). • Road revenue DKK 529 million (DKK 499 million) The rise in road revenue from Storebælt amounts to 6 per cent compared to 2007. Traffic growth accounts for a rise of 7.7 per cent. The smaller rise in traffic revenue is owing to a change in traffic composition. Traffic growth, adjusted for the fact that 2008 is a leap year, totalled 6.5 per cent. • Revenue from the railway: DKK 202 million (DKK 197 million) The rise is solely owing to the price adjustment. • Operating costs: DKK 85 million (DKK 86 million) • Depreciation: DKK 180 million (DKK 235 million) • Operating profit: DKK 475 million (DKK 386 million) • Interest costs: DKK 520 million (DKK 486 million). The cost is DKK 34 million up on the year owing to higher interest rate levels. • Value adjustments: expense DKK 599 million (income DKK 237 million). Included is the fair value adjustment of financial items of DKK 604 million, which is an accounting item with no effect on the companies’ debt reduction. • Share of the result from Øresundsbro Konsortiet, expense 137 mil- lion (income DKK 60 million). Øresundsbro Konsortiet’s result is affected by increased turnover from the road section of 15.7 per cent as well as the share of negative value adjustments of DKK 134 million (income DKK 84 million). • Result after tax, loss of DKK 586 million (profit of DKK 142 mil- lion). Cash flow • The Group’s cash at bank and in hand increased by DKK 323 mil- lion during the period. Cash flow from operations and investments (free cash flow) resulted in a net increase in liquidity of DKK 521 million. Cash flow from financing activities resulted in a net fall in liquidity of DKK 198 million. Expectations for 2008 • The Annual Report for the Sund & Bælt Group for 2007 stated that the result before inclusion of financial value adjustments and tax is expected to be a profit of 155 million. Expectations for the 2008 re- sult remain unchanged. page 2/25 30 May 2008
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