Key Figures / Financial Ratios








ODFJELL GROUP Fig.in 2010  2009

 2008

 2007

 2006

 2005

 2004

 2003

 2002

 2001

From Profit and Loss Statement                    
Gross revenue USD mill. 1,239 1,264 1,476 1,239 1,088 1,045 943 907 850 852
EBITDA (1) USD mill. 169 182 286 315 260 264 207 170 159 203
Depreciation USD mill. (146) (151) (141) (136) (119) (107) (100) (92) (87) (83)
Capital gain (loss) on non-current assets USD mill. (6) 44 53 25 15 14 7 0 1 4
EBIT (2) USD mill. 17 61 198 204 156 170 114 78 72 124
Net financial items USD mill. (36) (35) (52) (61) (41) (28) (9) 7 (12) (55)
Net result allocated to shareholders' equity before extraordinary items*) USD mill. (37) 11 131 130 116 127 94 77 45 60
Net result allocated to shareholders' equity USD mill. (79) 121 163 (10) 116 127 94 22 45 60
Net result  USD mill. (79) 121 163 (10) 116 128 95 22 46 60
Dividend paid USD mill. - 12 34 43 72 60 53 24 22 11
           
From Balance Sheet                    
Total non-current assets USD mill. 2,195 2,256 2,226 2,048 1,815 1,656 1,568 1,482 1,314 1,301
Current assets USD mill. 385 442 359 331 374 300 260 233 315 299
Shareholders' equity  USD mill. 766 901 715 666 702 692 639 578 535 526
Minority interests USD mill. 6 5 6 6 6 0 4 4 4 4
Total non-current liabilities USD mill. 1,356 1,475 1,540 1,362 1,225 1,008 951 949 981 968
Current liabilities USD mill. 451 318 324 343 256 255 244 184 110 103
Total assets USD mill. 2,580 2,699 2,585 2,379 2,189 1,956 1,872 1,715 1,630 1,601
 
       
Profitability                    
Earnings per share - basic/diluted - before extraordinary items (3) USD (0,46) 0.13 1.56 1.56 1.38 1.47 1.09 0.89 0.51 0.61
Earnings per share - basic/diluted (4) USD (0,99) 1.42           1.95          (0.12)           1.38           1.47           1.09           0.25           0.51           0.61
Cash flow per share (5) USD 1.5 2.1 3.2 3.2 2.8 2.7 2.2 2.0 1.5 1.4
Return on total assets - before extraordinary items*) (6) % (0.4)            2.3             8.2             8.5             8.2             8.6             6.9             6.3             5.0             7.0
Return on total assets (7) % (1.2)            6.5             9.5             2.0             8.2             8.6             6.9             3.0             5.0             7.0
Return on equity - before extraordinary items*) (8) % (4.2)            1.4           18.6           19.0           16.6           19.2           15.4           13.8             8.6           11.4
Return on equity (9) % (9.4)          14.9           23.3            (1.5)           16.6           19.2           15.4             4.0             8.6           11.4
Return on capital employed (10) % 0.8            3.6           10.2           12.0             9.5           11.6             8.4             6.0             5.7             9.8
           
Financial Ratios                    
Average number of shares mill. 79.29 85.22 83.81 83.34 84.23 86.77 86.77 86.77 89.73 98.75
Basic/diluted equity per share (11) USD 9.75 11.00 8.24 8.00 8.41 7.98 7.36 6.66 6.17 5.75
Share price per A-share USD 9.23 9.03 6.22 16.47 18.34 20.26 17.54 5.54 3.95 3.74
Cash flow (12) USD mill. 115           176            272            266            235            235            194            170            132            143
Interest-bearing debt USD mill. 1,527 1,576 1,500 1,347 1,293 1,037 1,000 943 957 960
Bank deposits and securities (13) USD mill. 107 185            193            165            242            190            233            203            230            213
Debt repayment capability (14) Years 11.4 10.7 6.0 4.9 4.8 3.8 4.1 4.4 5.5 5.4
Current ratio (15) 0.9            1.4             1.1             1.0             1.5             1.2             1.1             1.3 2.9 2.9
Equity ratio (16) % 29.9 34 28 28 32 35 34 34 33 33
 
Other                    
USD/NOK rate at year-end 5.85 5.76           7.00           5.40           6.27           6.76           6.04           6.68           6.96           9.01
Employees at year-end 3,796

3,753

 3,690 3,634 3,487 3,296 3,416 3,316 3,201 3,088

 Comments

Extraordinary items are antitrust fines in 2003 and retroactive tax in 2007, 2008, 2009 and 2010.           

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-splits 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 and 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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