Financial Information

Summary statement of income

Amounts in NOK Million 2017​​ 2016
Revenue ​8 603 7 894
​EBITDA before restructuring cost  163​ 168
​EBITDA margin (%) 1.9%​ 2.1% ​
Restructuring cost -33​ -105
Depreciation, impairment and amortization -221​ -205
Operating profit (loss) -91​ -142
Net financial income / (cost) -106​ 41
Share of result from associates ​-47 -58
Profit (loss) before tax ​-244 -159
Profit (loss) for the period ​-238 -197
Non-controlling interest ​-5 -34
Profit (loss) attributable to equity holders of the Company ​-233 -163


Summary BALANCE SHEET 

Amounts in NOK Million 2017​ 2016
Non-current assets 4 175​​ 3 892
Cash and cash equivalents
​810 722
Other current assets ​9 939 8 904
Total assets  ​14 924 13 518
​Total equity ​2 093 2 295
Loans and borrowings, non-current 1 045​ 1 049
Other non-current liabilities 1 175​ 819
Construction loans 5 652​ 5 248
Other current liabilities 4 959​ 4 107
Total liabilities 12 831​ 11 223
​Total equity and liabilities ​14 924 13 518


Summary STATEMENT OF CASH flows

Amounts in NOK Million ​2017 2016
Cash flows from / (used in) operating activities ​-27 764
Cash flows from / (used in) investing activities ​-343 -311
Cash flows from / (used in) financing activities ​467 -587
Net change in cash and cash equivalents ​97 -134
Effects of currency translation differences ​-7 32
Cash and cash equivalents excluding restricted cash at the beginning of the financial period ​618 720
Restricted cash at the end of the financial period ​102 104
Cash and cash equivalents at the end of the financial period ​810 722
    © VARD