Annual report 2007

Parent Company Profit and Loss statement

(NOK 1 000)

OPERATING REVENUE (EXPENSES)
Note
2008
2007
2006
Gross revenue 2 247 167  407 306  331 947
General and administrative expenses 3, 20 (248 634) ( 359 340) ( 300 234)
Other income (expenses) 5 -  - ( 34 949)
Depreciation 4 (12 407) ( 11 377) ( 19 043)
Gain (loss) on sale of fixed assets (28)  -   276
Operating result (EBIT)   (13 902)  36 590 ( 22 003)
   
FINANCIAL INCOME (EXPENSES)
   
Income on investment in subsidiaries 6 869 166 993 266  841 604
Interest income 6 215 460  226 766  212 396
Changes in the value of financial fixed assets 6, 7 (600)  46 345  -
Interest expenses 6 (213 010) ( 245 986) ( 261 428)
Other financial items 6 (532 351) ( 19 026) ( 2 739)
Currency gains (losses) 8 (44 038)  81 571  114 196
Net financial items   294 626 1 082 897  904 028
   
Result before taxes    280 724 1 119 486  882 026
   
Taxes 9 2 939  -  -
Net result   283 663 1 119 486  882 026
   
Proposed dividend 10 86 663 ( 173 538) ( 260 306)