| | | | | | MNOK |
| PROFIT AND LOSS ACCOUNT | Q3 2009 | Q3 2008 | 1 Jan. - 30 Sep. 2009 | 1 Jan. - 30 Sep. 2008 | 2008 | 2007 |
| Operating revenues | 3 980.1 | 5 028.9 | 11 491.6 | 14 947.0 | 19 395.3 | 19 335.9 |
| Operating expenses | -3 678.6 | -4 615.3 | -10 950.8 | -14 125.2 | -18 303.1 | -18 219.8 |
| Operating profit before depreciation (EBITDA) | 301.5 | 413.6 | 540.8 | 821.8 | 1 092.2 | 1 116.1 |
| Depreciation of goodwill | - | - | - | - | -4.2 | - |
| Depreciation | -78.0 | -78.4 | -239.2 | -216.4 | -291.8 | -233.6 |
| Operating profit (EBIT) | 223.5 | 335.2 | 301.6 | 605.4 | 796.2 | 882.5 |
| Share of profit associated companies and joint ventures | 28.3 | 8.5 | 23.8 | 59.9 | 123.3 | 325.8 |
| Financial income | 13.8 | 11.7 | 81.8 | 71.3 | 112.2 | 80.4 |
| Financial expenses | -25.1 | -92.5 | -95.7 | -173.0 | -216.1 | -107.7 |
| Earnings before tax (EBT) | 240.5 | 262.9 | 311.5 | 563.6 | 815.6 | 1 181.0 |
| Income tax expense | -60.1 | -57.8 | -77.9 | -124.0 | -200.1 | -179.9 |
| Earnings after tax | 180.4 | 205.1 | 233.6 | 439.6 | 615.5 | 1 001.1 |
| of which minorities | 0.8 | -4.9 | 2.4 | 4.4 | 4.2 | 11.4 |
| Earnings per share (NOK) * | 1.3 | 1.6 | 1.7 | 3.2 | 4.5 | 7.1 |
| * No dilution effect | | | | | | |
| | | | | | | |
Extended profit and loss account
according to IAS 1 | Q3 2009 | Q3 2008 | 1 Jan. - 30 Sep. 2009 | 1 Jan. - 30 Sep. 2008 | 2008 | 2007 |
| Earnings after tax | 180.4 | 205.1 | 233.6 | 439.6 | 615.5 | 1 001.1 |
Profit and loss items entered directly against equity:
Conversion differences foreign subsidiaries | -22.2 | -1.5 | -78.2 | -0.9 | 75.6 | -31.1 |
| IAS 39 – hedging PPP project | 5.6 | -22.6 | 5.3 | -7.8 | -39.8 | 29.2 |
| Total profit | 163.8 | 181.0 | 160.7 | 430.9 | 651.3 | 999.2 |
| of which minorities | 0.8 | -4.9 | 2.4 | 4.4 | 4.2 | 11.4 |
| | | | | | | |
| CASH FLOW STATEMENT | 1 Jan. - 30 Sep. 2009 | 1 Jan. - 30 Sep. 2008 | | | | |
| Earnings before tax | 311.5 | 563.6 | | | | |
| Depreciation | -285.2 | -69.8 | | | | |
| Other operational items | 239.2 | 216.4 | | | | |
| Change in other operating capital | -17.6 | -438.3 | | | | |
| Cash flow from operating activities | 247.9 | 271.9 | | | | |
| Purchase/sale of tangible non-current assets | -276.2 | -402.1 | | | | |
| Other investment activities | -51.6 | 4.8 | | | | |
| Cash flow from investment activities | -327.8 | -397.3 | | | | |
| Change in accounts receivable | 0.2 | -156.6 | | | | |
| Change in interest-bearing debt | 260.0 | 1 045.2 | | | | |
| Dividend paid | -334.3 | -543.8 | | | | |
| Purchases own shares | - | -234.4 | | | | |
| Other financial items | -31.7 | 0.3 | | | | |
| Cash flow from financing activities | -105.8 | 110.7 | | | | |
| Endring Liquid assets | -185.7 | -14.7 | | | | |
| | | | | | | |
| Liquid assets, 1 January | 354.0 | 272.4 | | | | |
| Liquid assets, 30 September | 168.3 | 257.7 | | | | |
| |
| NET INTEREST-BEARING POSITION | At 20 Sep. 2009 | At 30 Sep. 2008 | At 31 Dec. 2008 | | | |
| Liquid assets | 168.3 | 257.7 | 354.0 | | | |
| Interest-bearing assets | 270.6 | 696.9 | 270.8 | | | |
| Interest-bearing liabilities | -1 144.8 | -1 666.3 | -884.8 | | | |
| Net interest-bearing position | -705.9 | -711.7 | -260.0 | | | |
| Change in net interest-bearing position (from 1 January) | -445.9 | -903.3 | -451.6 | | | |
| |
| OTHER KEY FIGURES | At 20 Sep. 2009 | At 30 Sep. 2008 | At 31 Dec. 2008 | At 30. Sep 2007 | | |
| Backlog, Construction (MNOK) | 11 293 | 11 248 | 10 564 | 14 104 | | |
| Equity ratio (%) | 21.4 | 19.3 | 23.6 | 26.3 | | |
| Net interest-bearing position (MNOK) | -706 | -712 | -260 | -1 046 | | |
| Average number of employees | 6 124 | 6 542 | 6 431 | 6 356 | | |
| | | | | | | |
| | | | | | | |
| BALANCE SHEET | At 20 Sep. 2009 | At 30 Sep. 2008 | At 31 Dec. 2008 | At 31 Dec. 2007 | | |
| ASSETS | | | | | | |
| Non-current assets | | | | | | |
| Goodwill and other intangible assets | 556.5 | 535.5 | 583.4 | 504.2 | | |
| Property | 581.4 | 436.1 | 576.4 | 495.2 | | |
| Machinery etc. | 1 209.8 | 1 141.8 | 1 200.0 | 927.3 | | |
| Investments in associated companies and joint ventures | 606.8 | 604.5 | 672.6 | 427.7 | | |
| Deferred tax assets | 35.9 | 45.6 | 35.9 | 45.6 | | |
| Financial assets | 346.3 | 391.4 | 303.2 | 405.4 | | |
| Totale Non-current assets | 3 336.7 | 3 154.9 | 3 371.5 | 2 805.4 | | |
| | | | | | | |
| Current assets | | | | | | |
| Non-residential and residential projects | 1 738.0 | 1 552.8 | 1 751.3 | 1 370.6 | | |
| Stocks | 321.6 | 314.2 | 322.5 | 273.1 | | |
| Accounts receivable and other receivables | 3 416.2 | 4 705.5 | 3 166.3 | 3 977.8 | | |
| Liquid assets | 168.3 | 257.7 | 354.0 | 272.4 | | |
| Total Current assets | 5 644.1 | 6 830.2 | 5 594.1 | 5 893.9 | | |
| | | | | | | |
| Total assets | 8 980.8 | 9 985.1 | 8 965.6 | 8 699.3 | | |
| | | | | | | |
| EQUITY AND LIABILITIES | | | | | | |
| Equity | | | | | | |
| Share capital | 66.9 | 68.0 | 68.0 | 70.1 | | |
| Other equity | 1 834.3 | 1 820.5 | 2 021.0 | 2 182.3 | | |
| Minority interests | 18.7 | 36.8 | 24.9 | 33.5 | | |
| Total equity | 1 919.9 | 1 925.3 | 2 113.9 | 2 285.9 | | |
| | | | | | | |
| Long-term liabilities | | | | | | |
| Pension liability and deferred tax | 342.4 | 474.3 | 340.5 | 474.7 | | |
| Debt to credit institutions etc. | 1 076.7 | 1 656.4 | 884.4 | 457.9 | | |
| Other long-term liabilities | 91.6 | 111.1 | 114.7 | 110.8 | | |
| Total long-term liabilities | 1 510.7 | 2 241.8 | 1 339.6 | 1 043.4 | | |
| | | | | | | |
| Short-term liabilities | | | | | | |
| Debt to credit institutions etc. | - | 9.9 | 0.4 | 163.2 | | |
| Creditors, guarantee funds | 4 078.5 | 4 488.2 | 3 499.8 | 3 651.4 | | |
| Unpaid government charges | 474.5 | 675.1 | 715.7 | 575.2 | | |
| Other short-term liabilities | 997.2 | 644.8 | 1 296.2 | 980.2 | | |
| Total short-term liabilities | 5 550.2 | 5 818.0 | 5 512.1 | 5 370.0 | | |
| | | | | | | |
| Total equity and liabilities | 8 980.8 | 9 985.1 | 8 965.6 | 8 699.3 | | |
