Note

2008

2007

2006

 Profit

 Operating revenues

USD million

1

491.1

376.7

273.0

 EBITDA

USD million

1

281.0

209.4

154.2

 Operating profit

USD million

1

232.2

163.0

112.2

 Net profit

USD million

202.8

143.7

128.1

 Net profit adjusted

USD million

1

164.8

90.8

86.7

 Earnings per share

USD

2

0.89

0.63

0.64

 Earnings per share adjusted

USD

3

0.72

0.40

0.43

 Cash dividends per share

NOK

4

-

0.00

5.00

 Cash flow

 Capital expenditure

USD million

374.4

456.6

1 023.2

 Cash flow

USD million

5

183.3

162.1

232.8

 Cash flow per share

USD

6

0.81

0.70

1.16

 Balance sheet

 Total assets

USD million

1 313.9

2 624.0

2 145.9

 Working capital

USD million

132.3

151.0

57.8

 Cash and deposits

USD million

115.6

162.0

147.2

 Interest-bearing debt

USD million

958.7

1 351.1

638.9

 Net interest-bearing debt

USD million

7

843.1

1 189.1

491.7

 Book equity

USD million

124.6

1 038.6

1 089.7

 Gearing

8

6.77

1.14

0.45

 Interest cover

9

4.92

3.46

4.80

 USDNOK 

7.00

5.41

6.26

 Key figures

 EBITDA margin

%

57.2

55.6

56.5

 Operating margin

%

47.3

43.3

41.1

 Return on capital employed

%

10

13.6

10.7

11.6

 Return on equity

%

11

28.3

8.5

16.8

 Equity ratio

%

12

9.5

39.6

50.8

 Dividend yield

%

13

-

-

124.8

 Number of shares

1 000 shares

229 937

229 937

229 937

 Average no of outstanding and  potential shares

1 000 shares

227 667

229 937

201 295

 Valuation

 Market capitalisation

USD million

854

4 016

3 251

 Enterprise value

USD million

14

1 697

5 205

3 742

 Share price

NOK

26.00

94.50

88.50

NOK

15

3.79

24.44

29.67

 Market value / EBITDA

3.0

19.2

21.1

 Market value / Operating profit

3.7

24.6

29.0

 Market value / Net profit

4.2

27.9

25.4

 Market value / Cash flow

4.7

24.8

14.0

 Market value / Book equity

6.9

3.9

3.0