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2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
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Financial Status <strong>TTS</strong> <strong>Group</strong> <strong>ASA</strong><br />
Current capital structure<br />
MNOK Q3 12 Q2 12 Q1 12 Q4 11 Q3 11<br />
Short term interest b. debt 45 21 577 755 793<br />
Long term int. bearing<br />
debt 29 37 313 35 96<br />
Convertible Bond(*) 95 112 188 193 195<br />
Total 169 170 1 078 983 1 084<br />
Cash 565 985 567 435 492<br />
Net interest b. debt(*) -396 -815 511 548 592<br />
(*) Convertible loan included at nominal value<br />
(*) Negative indicates asset position<br />
• In connection with the sale of the drilling unit <strong>TTS</strong> repaid 80% of its debt<br />
• <strong>TTS</strong> expects to have a new finance package <strong>final</strong>ized in Q4 mainly to<br />
maintain financial flexibility
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