Key Figures

        
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						 Key Figures / Financial Ratios
					

			

				

















ODFJELL GROUP
Fig.in
2012b
2011
2010
 2009
 2008

 2007

 2006

 2005

 2004

 2003

From statement of comprehensive income
 



 
 
 
 
 
 
 

Gross revenue
USD mill.
1,212
1,154
1,048
1,058
1,274
1,083
958
932
828
801

EBITDA (1)
USD mill.
93
113
94
99
209
255
196
212
152
117

Depreciation
USD mill.
(132)
(122)
(124
(119
(122
(119
(103
(92
(86
(78

Capital gain (loss) on non-current assets
USD mill.
(4)
31
(6)
44
53
25
15
14
7
0

EBIT (2)
USD mill.
(43)
21
(36)
11
140
159
125
148
88
53

Net financial items
USD mill.
(68
(35)
(30
(28
(43
(55
(38
(25
(6
4

Net result from discontinued operation
USD mill.
-
288
33
30
34
27
20
16
16
14

Net result from continued operation
USD mill.
(111)
(19)
(112)
91
129
(37)
96
112
79
8

Net result allocated to shareholders' equity before extraordinary items a)
USD mill.
(111)
269
(79)
11
131
130
116
127
94
77

Net result allocated to shareholders' equity
USD mill.
(111)
269
(79)
121
163
(10)
116
127
94
22

Net result 
USD mill.
(111)
269
(79)
121
163
(10)
116
128
95
22

Dividend paid
USD mill.
-
14
-
12
34
43
72
60
53
24






 



 
 
 

From statement of financial position
 



 
 
 
 
 
 
 

Total non-current assets
USD mill.
1,995
2,143
2,195
2,256
2,226
2,048
1,815
1,656
1,568
1,482

Current assets
USD mill.
576
388
385
442
359
331
374
300
260
233

Shareholders' equity 
USD mill.
941
996
766
901
715
666
702
692
639
578

Minority interests
USD mill.
7
6
6
5
6
6
6
0
4
4

Total non-current liabilities
USD mill.
1,109
1,223
1,356
1,475
1,540
1,362
1,225
1,008
951
949

Current liabilities
USD mill.
514
305
451
318
324
343
256
255
244
184

Total assets
USD mill.
2,571
2,531
2,580
2,699
2,585
2,379
2,189
1,956
1,872
1,715






 











 





 

Profitability
 



 
 
 
 
 
 
 

Earnings per share - basic/diluted - before extraordinary items (3)
USD
(1.37)
3.43
(0,46)
0.13
1.56
1.56
1.38
1.47
1.09
0.89

Earnings per share - basic/diluted (4)
USD
(1.37)
3.43
(0,99)
1.42
          1.95 
         (0.12)
          1.38 
          1.47 
          1.09 
          0.25 

Return on total assets - before extraordinary items a) (5)
%
(2.3)
12.4
(0.4)
           2.3 
            8.2 
            8.5 
            8.2 
            8.6 
            6.9 
            6.3 

Return on total assets (6)
%
(2.3)
12.4
(1.2)
           6.5 
            9.5 
            2.0 
            8.2 
            8.6 
            6.9 
            3.0 

Return on equity - before extraordinary items a) (7)
%
(11.3)
30.3
(4.2)
           1.4 
          18.6 
          19.0 
          16.6 
          19.2 
          15.4 
          13.8 

Return on equity (8)
%
(11.3)
30.3
(9.4)
         14.9 
          23.3 
           (1.5)
          16.6 
          19.2 
          15.4 
            4.0 

Return on capital employed (9)
%
(2.0)
2.5
0.8
           3.6 
          10.2 
          12.0 
            9.5 
          11.6 
            8.4 
            6.0 






 



 
 
 

Financial Ratios
 



 
 
 
 
 
 
 

Average number of shares
mill.
80.60
78.56
79.29
85.22
83.81
83.34
84.23
86.77
86.77
86.77

Basic/diluted equity per share (10)
USD
10.85
12.71
9.75
11.00
8.24
8.00
8.41
7.98
7.36
6.66

Share price per A-share
USD
4.29
5.99
9.23
9.03
6.22
16.47
18.34
20.26
17.54
5.54

Interest-bearing debt
USD mill.
1,325
1,246
1,527
1,576
1,500
1,347
1,293
1,037
1,000
943

Bank deposits and securities (11)
USD mill.
176
180
107
185
           193 
           165 
           242 
           190 
           233 
           203 

Debt repayment capability (12)
Years
45.1
2.8
11.4
10.7
6.0
4.9
4.8
3.8
4.1
4.4

Current ratio (13)

1.1
1.3
0.9
           1.4 
            1.1 
            1.0 
            1.5 
            1.2 
            1.1 
            1.3 

Equity ratio (14)
%
37
40
29.9
34
28
28
32
35
34
34






 






Other
 



 
 
 
 
 
 
 

USD/NOK rate at year-end

5.59
6.01
5.85
5.76 
          7.00 
          5.40 
          6.27 
          6.76 
          6.04 
          6.68 

Employees at year-end

3540
3761
3,796
3,753

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













			

	

      

            
	
		
			
				
					
						 Comments
					

			

				a) 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.
Profit and loss figures have been adjusted for discontinued operation earlier than year 2011.
b) Figures for 2012 includes 'held for sale'. See Group note 37
           
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 plus interest expenses and extraordinary items divided by average total assets.           
6. Net result plus interest expenses divided by average total assets.           
7. Net result plus extraordinary items divided by average total equity.           
8. Net result divided by average total equity.           
9. Operating result divided by average total equity plus net interest-bearing debt.           
10. Shareholders' equity divided by number of shares per 31.12.           
11. Bank deposits and securities includes cash and cash equivalents and available-for-sale investments.           
12. Interest-bearing debt less bank deposits and securities, divided by cash flow (12) before capital gain (loss) on non-current assets.           
13. Current assets divided by current liabilities.           
14. Total equity as percentage of total assets.           

 

			

	

      