Key financial figures

Updated
Income statement

Year

2017

Year

2016

Year

2015*

Year

2014*

Total income  793 930 3 173 3 693
Primary operating profit (EBITDA) 198   116 398   566
Operating profit (EBIT) 176    94 165    381
Balance sheet

31.12

2017

31.12

2016

31.12

2015

31.12 

2014

Non current assets 2 637 3 781 3 566 3 687
Current assets  651 914 1 120 1 152
Equity  2 188 2 492 2 206 2 329
Interest-bearing debt                          601 1 533 1 660 1 693
Total assets  3 288 4 695 4 686 4 839
Key figures per share

Year

2017

Year

2016

Year

2015

Year
2014

Basic earnings per share (1)                (1,38) 4.34 1.16 5.20
EBITDA flow per share (2)  4,27 2.50 8.55* 12.18*
Key financial figures                      

Year

2017

Year

2016

Year

2015

Year
2014
Cash flow from operations(3)  139 420 258 241
Liquid funds (4)  268 580 638 688
Liquidity ratio (5)
 1,4 1.9 1.7 2.1
Equity ratio (6)  67% 53% 47% 48%
Yield

           

Year

2016

Year

2015

Year
2014
Return on capital employed(7)                 9.28 2.91 8.44
Return on equity (8)   10.67 2.41 12.46

Definitions:

1. Profit for the period after minority interests, divided by average outstanding number of shares.
2. EBIT for the period adjusted for depreciation and write down of assets, divided by average number of shares outstanding.
3. Net cash flow from operating activities.
4. Cash, bank deposits and short term financial investments.
5. Current assets divided by current liabilities.
6. Equity in per cent of total assets.
7. Profit for the period before tax plus interest expenses and realised interest derivatives (annualised), in per cent of average equity and interest-bearing debt.
8. Profit after tax (annualised) 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.