Key Figures / Financial Ratios

 
130
ODFJELL GROUP Amount in 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
From Profit and Loss Statement
Gross revenue USD mill. 1476 1239 1088 1045 943 907 850 852 696 551 533
EBITDA(1) USD mill. 286 315 260 264 207 170 159 203 112 86 94
Depreciation USD mill. (141) (136) (119) (107) (100) (92) (87) (83) (69) (56) (48)
Capital gain (loss) on non-current assets USD mill. 53 25 15 14 7 (0) 1 4 - 16 12
EBIT (2) USD mill. 198 204 156 170 114 78 72 124 44 46 58
Net financial items USD mill. (52) (61) (41) (28) (9) 7 (12) (55) (54) (30) (26)
Net result allocated to shareholders' equity before extraordinary items*) USD mill. 131 116 127 94 77 45 60 (12) 16 30
Net result USD mill. 163 (10) 116 128 94 22 45 60 (12) 16 30
Dividend paid USD mill. 34 43 72 60 53 24 22 11 10 11 12
From Balance Sheet
Total non-current assets USD mill. 2226 2048 1 815 1 656 1 568 1482 1 314 1 301 1 292 990 892
Current assets USD mill. 359 331 374 300 260 233 315 299 321 281 274
Shareholders' equity USD mill. 715 666 702 692 639 578 535 526 530 451 447
Minority interests USD mill. 6 6 6 - 4 4 4 4 5 - -
Total non-current liabilities USD mill. 1540 1362 1 225 1 010 951 946 981 968 961 749 648
Current liabilities USD mill. 324 343 256 255 244 184 110 103 117 71 70
Total assets USD mill. 2585 2379 2 189 1 956 1 872 1 715 1 630 1 601 1 613 1 271 1 166
Profitability
Earnings per share - basic/diluted
- before extraordinary items (3)

USD
1.56 1.6 1.4 1.5 1.1 0.9 1.0 1.2 (0.3) 0.4 0.7
Earnings per share - basic/diluted (4) USD 1.95 (0.1) 1.4 1.5 1.1 0.3 1.0 1.2 (0.3) 0.4 0.7
Cash flow per share (5) USD 3.2 3.2 2.8 2.7 2.2 2.0 3.0 2.9 1.2 1.7 1.8
Return on total assets
-before extraordinary items*) (6)
% 5.3 8.5 8.2 8.6 6.9 6.3 5.0 7.0 3.3 4.8 6.2
Return on total assets (7) % 6.6 2.0 8.2 8.6 6.9 3.0 5.0 7.0 3.3 4.8 6.2
Return on equity
- before extraordinary items*) (8)
% 18.8 19.0 16.6 19.2 15.4 13.8 8.6 11.4 (2.4) 3.6 7.4
Return on equity (9) % 23.5 (1.5) 16.6 19.2 15.4 4.0 8.6 11.4 (2.4) 3.6 7.4
Return on capital employed (10) % 10.2 12.0 9.5 11.6 8.4 6.0 5.7 9.8 3.8 4.9 7.4
Financial Ratios
Average number of shares mill. 83.81 83.34 84.23 86.77 86.77 86.77 44.86 49.37 47.51 43.70 43.70
Basic/diluted equity per share (11) USD 8.24 8.00 8.41 7.98 7.36 6.66 12.33 11.49 10.25 10.32 10.23
Share price per A-share USD 6.22 16.47 18.34 20.26 17.54 5.54 7.91 7.49 7.59 6.22 3.82
Cash flow (12) USD mill. 272 266 235 235 194 170 132 143 57 72 78
Interest-bearing debt USD mill. 1500 1347 1 293 1 037 1000 943 957 960 954 749 647
Bank deposits and securities (13) USD mill. 193 165 242 190 233 203 230 213 232 218 213
Debt repayment capability (14) Years 6.0 4.9 4.8 3.8 4.1 4.4 5.5 5.4 12.7 9.4 6.5
Current ratio (15)   1.1 1.0 1.5 1.2 1.1 1.3 2.9 2.9 2.7 4.0 3.9
Equity ratio (16) % 27.9 28 32 35 34 34 33 33 33 35 38
Other
USD/NOK rate at year-end 7.00 5.40 6.27 6.76 6.04 6.68 6.96 9.01 8.90 8.04 7.60
Employees   3 690 3 487 3 487 3 296 3 416 3 316 3 201 3 088 2 755 1 743 1 667

*) Extraordinary items are antitrust fines in 2003 and retroactive tax in 2007.
Figures from profit and loss statement are according to International Financial Reporting Standards (IFRS) as from 2004 and for balance sheet as from 2003. 
Historical figures per share have been adjusted for past bonus share issues and the share-split in 2004 and 2005.
1. Operating result before depreciation, amortisation and capital gain (loss) on non current assets.
2. Operating result.
3. Net result allocated to shareholders' equity before extraordinary items divided by the average number of  shares.
4. Net result allocated to shareholders' equity divided by the average number of  shares.
5. Net result allocated to shareholders' equity plus depreciation and extraordinary items divided by the average number of shares.
6. Net result plus interest expenses and extraordinary items divided by average total assets.
7. Net result plus interest expenses divided by average total assets.
8. Net result plus extraordinary items divided by average total equity.
9. Net result divided by average total equity.
10. Operating result divided by average total equity plus net interest-bearing debt.
11. Shareholders' equity divided by number of shares per 31.12.
12. Net result allocated to shareholders' equity plus depreciation and extraordinary items.

13. Bank deposits and securities includes cash and cash equivalents and available-for-sale investments.

14. Interest -bearing debt less bank deposits abd securities, divided by cash flow  (12) before capital gain (loss) on non-current assets. 

15. Current assets divided by current liabilities.

16. Total equity as percentage of total assets.

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