Key financial figures
| Income statement |
Year 2019 |
Year 2018 |
Year 2017 |
Year 2016 |
Year 2015* |
Year 2014* |
| Total income | 850 | 871 | 793 | 930 | 3 173 | 3 693 |
|
Operating profit before amortisation and impairment (EBITDA) |
149 | 78 | 198 | 116 | 398 | 566 |
| Operating profit (EBIT) | 78 | 36 | 176 | 94 | 165 | 381 |
| Profit/(loss) before tax | 144 | (86) | 253 | 151 | 48 | 273 |
| Net profit/(loss) | 130 | (75) | (2) | 251 | 57 | 292 |
|
Net profit/(loss) after non-controlling interests |
114 | (69) | (64) | 201 | 54 | 241 |
| Balance sheet |
31.12 2019 |
31.12 2018 |
31.12 2017 |
31.12 2016 |
31.12 2015 |
31.12 2014 |
| Non current assets | 2 638 | 2 467 | 2 637 | 3 781 | 3 566 | 3 687 |
| Current assets | 655 | 612 | 636 | 914 | 1 120 | 1 152 |
| Equity | 2 082 | 2 017 | 2 188 | 2 492 | 2 206 | 2 329 |
| Interest-bearing debt | 583 | 533 | 601 | 1 533 | 1 660 | 1 693 |
| Total assets | 3 293 | 3 079 | 3 273 | 4 695 | 4 686 | 4 839 |
| Key figures per share |
Year 2019 |
Year 2018 |
Year 2017 |
Year 2016 |
Year 2015 |
Year 2014 |
| Basic earnings per share (1) | 2.48 | (1.48) | (1.38) | 4.34 | 1.16 | 5.20 |
| EBITDA flow per share (2) | 3.24 | 1.68 | 4.26 | 2.51 | 8.55* | 12.18* |
| Key financial figures |
Year 2019 |
Year 2018 |
Year 2017 |
Year 2016 |
Year 2015 |
Year 2014 |
| Cash flow from operations(3) | 98 | 62 | 70 | 420 | 258 | 241 |
|
31.12 2019 |
31.12 2018 |
31.12 2017 |
31.12 2016 |
31.12 2015 |
31.12 2014 |
|
| Liquid funds (4) | 255 | 227 | 268 | 580 | 638 | 688 |
|
Liquidity ratio (5)
|
1.2 | 1.3 | 1.4 | 1.9 | 1.7 | 2.1 |
| Equity ratio (6) | 63% | 66% | 67% | 53% | 47% | 48% |
| Yield |
Year 2019 |
Year 2018 |
Year 2017 |
Year 2016 |
Year 2015 |
Year 2014 |
| Return on equity (7) | 6% | (4%) | (3%) | 11% | 2% | 13% |
Definitions:
1. Profit for the period after non-controlling interests, divided by average number of shares outstanding.
2. EBIT for the period adjusted for depreciation and impairement of assets, divided by average number of shares outstanding.
3. Net cash flow from operating activities.
4. Cash, bank deposits and current financial investments.
5. Current assets divided by current liabilities.
6. Equity in percent of total assets.
7. Profit after tax divided by average equity.
* Proportionate consolidation was applied for the group's important joint ventures for the period up until 2016. This is a method of accounting where the group's share of each of the assets, liabilities, income and expenses of a jointly controlled entity is combined line by line with similar items in the group's financial statement.
The equity method is a method of accounting where an interest in a jointly controlled entity is initially recorded at cost and adjusted thereafter for the post-acquisition change in the group's share of net asset of the jointly controlled entity. The group's share of the joint venture's profit or loss after tax is included in the group's income statement in one line. Please refer to the group's Annual report for further information about joint ventures.