MNOK
Property development, Denmark	Q3 2009	Q3 2008	At 30 Sep. 2009	At 30 Sep. 2008	2008	2007
Operating revenues	0.5	7.0	2.7	50.8	50.4	162.8
Operating expenses	-3.1	-12.8	-11.5	-58.2	-73.0	-161.4
Depreciation	-	-	-	-	-	-
Operating profit (EBIT)	-2.6	-5.8	-8.8	-7.4	-22.6	1.4
Share of profit associated companies and	-0.1	-	-0.2	-	-	-0.1
Net financial items	-0.6	-2.7	-12.7	-7.6	-9.9	-11.7
Earnings before tax (EBT)	-3.3	-8.5	-21.7	-15.0	-32.5	-10.4
Total assets business area	296.5	240.9	296.5	240.9	313.3	279.6

There is currently no activity in Veidekke’s property operations in Denmark, Hoffmann Ejendomme. Earnings before tax were
MNOK -3.3 (MNOK -8.5), and this may mainly be attributed to interest rates and other costs related to the site portfolio.

Hoffmann Ejendomme has 17 completed, unsold dwellings.