Hydro Annual Report 2011b
Hydro Annual Report 2011b
Hydro Annual Report 2011b
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100<br />
FINANCIAL AND OPERATING PERFORMANCE<br />
Pro forma consolidated statement of income (unaudited) and other information<br />
Pro forma consolidated statement of income (unaudited) and other information<br />
NOK million, except per share data 2011 2010<br />
Revenue 93 121 87 272<br />
Share of the profit (loss) in equity accounted investments (286) (791)<br />
Other income, net 1 802 568<br />
Total revenue and income 94 636 87 049<br />
Depreciation, amortization and impairment 6 534 5 226<br />
Other expenses 82 526 78 128<br />
Total expenses 89 060 83 354<br />
Earnings before financial items and tax (EBIT) 5 576 3 696<br />
Financial income (expense), net (1 332) 580<br />
Income (loss) before tax 4 244 4 275<br />
Income taxes (1 725) (1 822)<br />
Net income (loss) 2 519 2 454<br />
Net income (loss) attributable to minority interests 76 233<br />
Net income (loss) attributable to <strong>Hydro</strong> shareholders 2 444 2 220<br />
Earnings per share attributable to <strong>Hydro</strong> shareholders 1)<br />
Year<br />
1.20 1.09<br />
Number of shares (million) 2 036 2 036<br />
1) Earnings per share is calculated using the number of shares outstanding after completion of the transaction on February 28, 2011.<br />
Underlying EBIT and EBITDA<br />
Year 2011<br />
Year 2010<br />
Underlying Underlying<br />
per business area EBIT EBITDA EBIT EBITDA<br />
Bauxite & Alumina 969 2 865 1 225 3 061<br />
Primary Metal 2 495 4 753 816 3 006<br />
Metal Markets 441 542 321 428<br />
Rolled Products 673 1 126 864 1 318<br />
Extruded Products 151 655 444 987<br />
Energy 1 883 2 018 1 416 1 540<br />
Other and eliminations (389) (341) (945) (889)<br />
Underlying EBIT / EBITDA 6 223 11 619 4 141 9 450
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