Analytic information

Business segments - key figures


Power productionHeatNetworks
NOK million201120102009201120102009201120102009
INCOME STATEMENT
Sales revenues1 0241 2208661 1201 2597964 2024 8043 385
Other (losses)/gains - net(24)20(4)
Cost of sales(598)(727)(406)(1 909)(2 608)(1 217)
Personalkostnader(37)(34)(35)(67)(47)(49)(166)(64)(177)
Other operating expences(194)(205)(176)(196)(171)(133)(1 143)(1 054)(956)
EBITDA7691 0016512593142089831 0771 035
Depreciation, amortisation and impairments(43)(43)(157)(151)(136)(514)(546)(542)
Operating profit72495860810216372469532493
OTHER KEY FIGURES
Investments in operations62170174463518572444489528
Capital employed4 4644 3954 3145 4645 2804 7569 2579 6689 396
Number of employees424037717267212203198
MarketOther businesses and elminiationsGroup
NOK million201120102009201120102009201120102009
INCOME STATEMENT
Sales revenue7 2758 2895 0628425756213 70415 82910 670
Other (losses)/gains - net(85)1619(940)(971)(72)(1 050)(934)(57)
Cost of sales(6 297)(7 323)(4 292)(211)(213)(449)(9 015)(10 871)(6 364)
Personalkostnader(233)(173)(154)(360)(264)(357)(864)(582)(772)
Other operating expences(366)(350)(278)269261143(1 630)(1 520)(1 401)
EBITDA293460356(1 159)(930)(174)1 1451 9232 076
Depreciation, amortisation and impairments(16)(17)(12)(70)(513)(149)(803)(1 270)(882)
Operating profit277442344(1 228)(1 442)(323)3436531 194
OTHER KEY FIGURES
Investments in operations10711101393453751 2151 5331 663
Capital employed1 2153 3912 0805194 2945 32420 91927 02825 870
Number of employees4924472933903613841 2071 123979

Group - key figures


DefinitionUnit201120102009
RESULTAT EKSKLUSIVE REC
Sales revenueNOK million13 70415 82910 670
EBITDANOK million2 2353 9142 213
Operating profitNOK million1 4332 6441 331
Profit before tax and discontinued operationsNOK million8492 173670
Net profit of the yearNOK million3881 583335
REC effect on operating profitNOK million(1 090)(1 991)(137)
REC effect on net profit for the yearNOK million(1 086)(1 975)(137)
CASH FLOW
Net cash flow from operations1NOK million3 5105651 879
Investments in operations and expansionNOK million1 2151 7021 698
RETURN EXCLUDING REC
Return in equity (ROE)2%4,216,42,9
Return on capital employed (ROCE)3%6,611,56,0
CAPITAL STRUCTURE AS OF 31 DEC
Total assetsNOK million24 71029 61328 918
Capital employed4NOK million20 91927 02825 870
EquityNOK million8 13110 46411 154
Equity ratio5%333539
Net interest-bearing liabilities6NOK million9 32113 06711 601
Net interest-bearing liabilities/EBITDA4,23,35,2
Unused drawdown facilitiesNOK million4 4003 6924 558
Percentage of variable borrowings%536758
SHARE-RELATED KEY FIGURES
Number of A shares'000115 428115 428 115 465
Number of B shares'00079 75979 759 79 759
Number of treasury B shares'000397451451
Share price as of 31 Dec A sharesNOK58,0070,0069,75
Share price as of 31 Dec B sharesNOK58,0069,2568,75
Listed price7NOK1,998,111,71
Earnings per share excluding REC8NOK17,982,899,62
Cash flow per share from operationsNOK2,507,502,25
Dividend per share9% 126 92 131
Payout ratio excluding REC
Power production
Sales priceNOK/MWh3927
Production volumeGWh3 1353 0413 018
Production as % of normal production10%10110197
Heating
District heating (including distribution)'000717261
District heating production cost'000363928
District heating contribution'000353333
District heating productionGWh1 5481 7821 382
Energy production ØstfoldGWh28024693
Energy price Østfold'00026 25
Waste Østfoldtonnes12911457
Networks
NVE capital 31 DecNOK million6 0636 1606 045
NVE interest% 5,3 5,6 6,2
Revenue ceiling excl. transmission costsNOK million2 3122 8912 461
Adjusted contributionNOK million1 9162 287 2 106
Effect on profit income surplus/(deficit)NOK million212(203)(16)
Cumulative income surplus/ (deficit) as of 31 DecNOK million155(57)143
Number of customers 31 Dec'000552545541
Market
Sales volume power salesGWh15 47415 86713 238
Number of wholly or partly owned customers power sales000878850656
Gross margin power salesøre/kWh4,24,23,7
Other business - operating profit/loss
Staff and support functions(133)(104)(151)
BioWood (80) (384) (8)
Embriq (1) (49) (52)
Financial income etc. (incl. REC) (1 014) (954) (59)
Other -?? 49 (53)
Total operating profit/lossNOK million (1 228) (1 442) (323)
DEFINITIONS
1. Net cash generated from operations = as defined in the consolidated statement of cash flows
2. Return on equity = Result for the year/Average equity including non-controlling interests
3. Return on capital employed = Operating result/Average capital employed
4. Capital employed = equity + net interest-bearing liabilities + net tax positions
5. Equity ratio = Equity/Total assets
6. Net interest-bearing liabilities = Interest-bearing liabilities

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