Financial Information

Summary statement of income

Amounts in NOK Million 2016 2015
Revenue 7 894 11 307
​EBITDA before restructuring cost  168 -321
​EBITDA margin (%) 2.1% ​

-2.8% ​

Restructuring cost -105 -77
Depreciation, impairment and amortization -205 -235
Operating profit (loss) -142 -633
Net financial income / (cost) 41 -571
Share of result from associates -58 0
Profit (loss) before tax -159 -1 204
Profit (loss) for the period -197 -1 292
Non-controlling interest -34 -689
Profit (loss) attributable to equity holders of the Company -163 -603


Summary BALANCE SHEET 

Amounts in NOK Million 2016 2015
Non-current assets 3 892 3 760
Cash and cash equivalents
722 919
Other current assets 8 904 16 216
Total assets  13 518 20 895
​Total equity 2 295 2 961
Loans and borrowings, non-current 1 049 1 200
Other non-current liabilities 819 209
Construction loans 5 248 9 435
Other current liabilities 4 107 7 090
Total liabilities 11 223 17 934
​Total equity and liabilities 13 518 20 895​


Summary STATEMENT OF CASH flows

Amounts in NOK Million 2016 2015
Cash flows from / (used in) operating activities 764 -1 184
Cash flows from / (used in) investing activities -311 -311​
Cash flows from / (used in) financing activities -587 219
Net change in cash and cash equivalents -134 -1 276
Effects of currency translation differences 32 30
Cash and cash equivalents excluding restricted cash at the beginning of the financial period 720 1 966
Restricted cash at the end of the financial period 104 199
Cash and cash equivalents at the end of the financial period 722 919
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