ARCO VARA AS - NASDAQ OMX Baltic

Operating lease: Group as the lessee
Rental expenses 2006 2005
Premises -5 711 -3 883
Vehicles -3 680 -2 529
Office equipment -1 867 -523
Total rental expenses -11 258 -6 935
13 Earnings per share
in thousands of kroons
In order to calculate basic EPS, the net profit attributable to the Parent's shareholders is divided by the
weighted average number of common shares outstanding during the period. Since the Parent has no
contingently issuable common shares, diluted EPS is equal to basic EPS.
2006 2005
Weighted average number of common shares 1 30 453 037 27 521 932
Net profit attributable to the owners of the Parent 207 945 101 231
EPS (in kroons per share) 6,83 3,68
1 In 2005, the Group conducted a bonus issue, increasing the share capital in the amount of 268 355
thousand kroons at the expense of the company's equity without making any additional contributions.
With the bonus issue, 26 835 468 new shares were issued at a nominal value of 10 kroons. For this
reason, the average number of shares in 2004 was retroactively changed to 27 255 468 shares.
14 Receivables
in thousands of kroons
Accounts receivable
F-51
31.12.2006 31.12.2005
Accounts receivable, gross 45 436 38 151
Allowance for doubtful receivables -289 -801
Accounts receivable, net
Other receivables
45 147 37 350
Receivables from joint ventures (Note 38) 9 042 6 575
Loans granted 1 15 071 21 985
Other short-term receivables 2 9 944 7 660
Total other receivables
Accrued income
34 057 36 220
Interest 3 028 2 240
Accrued income from long-term construction contracts 3 4 537 8 043
Prepaid and refundable value added tax 15 695 12 475
Other accrued income 34 42
Total accrued income 23 294 22 800
Total receivables 102 498 96 370