Odfjell SE Annual Report 2012
Odfjell SE Annual Report 2012
Odfjell SE Annual Report 2012
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odfjell se<br />
financial statement<br />
<strong>Odfjell</strong> se<br />
statement of comprehensive income<br />
(USD 1 000) Note <strong>2012</strong> 2011<br />
OPERATING REVENUE (EXPEN<strong>SE</strong>S)<br />
Gross revenue 2 5 650 3 479<br />
General and administrative expenses 16 (11 819) (12 322)<br />
Depreciation 7 (1 295) (1 277)<br />
Operating result (EBIT) (7 464) (10 120)<br />
FINANCIAL INCOME (EXPEN<strong>SE</strong>S)<br />
Income on investment in subsidiaries 11 247 814 8 490<br />
Interest income 11 18 616 16 533<br />
Changes in the value of financial fixed assets 11, 18 – (19 146)<br />
Interest expenses 11 (42 712) (30 157)<br />
Other financial items 11 (15 397) (3 290)<br />
Currency gains (losses) 12 2 445 10 493<br />
Net financial items 210 766 (17 077)<br />
Result before taxes 203 302 (27 197)<br />
Taxes 5 – 1 058<br />
Net result 203 302 (26 139)<br />
OTHER COMPREHENSIVE INCOME<br />
Cash flow hedges changes in fair value 4 286 336<br />
Cash flow hedges transferred to profit and loss statement (626) (928)<br />
Net gain/(loss) on available-for-sale investments 1 255 (963)<br />
Other comprehensive income 4 915 (1 555)<br />
Total comprehensive income 208 217 (27 694)<br />
56<br />
odfjell annual report <strong>2012</strong>
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