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Income statement

Income statement (all numbers in TNOK) Notes 2018 2017
Operating revenue 2 1,217,061 996,681
Payroll and related expenses 12 43,028 34,732
Depreciation and impairment 17 692,055 642,522
Other operating expenses 18 56,045 51,817
Total operating expenses 791,128 729,071
Operating profit 425,933 267,610
Financial posts
Financial income 19 169,200 120,607
Financial expenses 19 -291,645 -233,863
Net financial expenses - pensions 13,19 -311 -334
Unrealised fair value changes 20 20,371 -1,896
Net financial items -102,385 -115,486
Profit before income tax 323,548 152,124
Income tax expense 11 44,243 9,613
Profit for the year 279,305 142,511
Attributable to
Equity holders 279,305 142,511
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit or loss
Deviation retirement benefit obligations 13 -13,423 -2,773
Tax related to items that will not be reclassified 11 2,883 595
Total comprehensive income for the period 268,765 140,333
Attributable to
Equity holders 268,765 140,333
 

Overview financial poition

Assets (all numbers in TNOK) Notes 31/12/2018 31/12/2017
Property, plant and equipment 3 9,883,793 9,733,784
Total non-current assets 9,883,793 9,733,784
Trade and other receivables 4 698 21,247
Derivative financial assets 6 1,203,006 1,091,712
Cash and bank deposits 8 2,372,091 360,499
Total current assets 3,575,795 1,473,458
TOTAL ASSETS 13,459,588 11,207,242
EQUITY AND LIABILITIES
Ordinary shares and share premium 9 2,400,000 2,400,000
Retained earnings 434,598 165,834
Total equity 2,834,598 2,565,834
Borrowings 10 8,311,286 7,309,273
Retirement benefit obligations 13 32,296 18,271
Total long term liabilities 8,343,582 7,327,544
Trade and other payables 14 138,676 19,509
Derivative financial liability 6,10 18,732 27,943
Deferred tax liability 11 660,137 618,777
Borrowings 10 1,463,863 647,635
Total short term liabilities 2,281,408 1,313,864
TOTAL EQUITY AND LIABILITIES 13,459,588 11,207,242
 

Oslo, 14. February 2019

Annette Malm Justad
Chair of the Board
Marianne Abeler
Board Member
Espen Opedal
Board Member
Vidar Larsen
Board Member
Øystein Risan
CEO
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