Proportionate financials - profit & loss in the Power Production segment and financial position | |||||||||||||||
Q3 2022 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other** | Total |
NOK MILLION | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Profit and Loss | 615 | 116 | 91 | 85 | 93 | 75 | 41 | 42 | 26 | 31 | 28 | 4 | 16 | 48 | 1,311 |
Cost of sales | -191 | -1 | - 0 | - 0 | 0 | -0 | - 0 | - 0 | - 0 | - 0 | -1 | - 0 | -0 | -17 | -210 |
Net revenues * | 424 | 115 | 91 | 85 | 93 | 75 | 41 | 42 | 26 | 31 | 27 | 4 | 16 | 31 | 1,101 |
OPEX | -50 | -25 | -8 | -15 | -16 | -9 | -13 | -3 | -4 | -3 | -6 | -6 | -3 | -33 | -194 |
EBITDA * | 375 | 90 | 83 | 70 | 77 | 66 | 27 | 39 | 21 | 28 | 22 | -2 | 13 | -1 | 907 |
EBITDA margin | 61% | 77% | 91% | 83% | 83% | 88% | 67% | 93% | 83% | 89% | 76% | -44% | 80% | -1% | 69% |
Cash flow to equity * | 272 | 20 | 48 | 15 | 35 | 34 | 5 | 21 | 8 | 13 | 18 | -9 | - 0 | -10 | 469 |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 89% | 100% | 51% | 62% | 44% | 100% | 50% | ||
Net production (GWh) | 339 | 96 | 103 | 78 | 136 | 151 | 104 | 8 | 18 | 19 | 37 | 5 | 32 | 11 | 1,135 |
Cash | 527 | 108 | 219 | 482 | 225 | 101 | 94 | 80 | 42 | 198 | 18 | 56 | 3 | 175 | 2,329 |
Gross interest bearing debt * | 2,981 | 3,129 | 1,009 | 2,239 | 1,720 | 266 | 1,295 | 330 | 169 | 453 | 332 | 385 | 378 | 336 | 15,021 |
Net working capital * | 48 | 676 | 50 | -396 | -76 | -99 | -1,030 | -21 | 85 | -72 | -10 | -41 | -364 | -435 | -1,686 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
**Includes Rwanda, Mozambique, Release, India, Bangladesh and Pakistan | |||||||||||||||
Q2 2022 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other** | Total |
NOK MILLION | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Profit and Loss | 376 | 109 | 85 | 89 | 90 | 78 | 19 | 47 | 25 | 28 | 23 | 12 | 12 | 20 | 1,015 |
Cost of sales | -198 | - | - | -1 | - 0 | - 0 | - | - | - | - | -1 | - | - 0 | -5 | -204 |
Net revenues * | 178 | 109 | 85 | 89 | 90 | 78 | 19 | 47 | 25 | 28 | 22 | 12 | 12 | 15 | 810 |
OPEX | -45 | -28 | -6 | -15 | -15 | -9 | -18 | -3 | -5 | -3 | -5 | -6 | -3 | -33 | -193 |
EBITDA * | 133 | 81 | 79 | 74 | 75 | 69 | 1 | 44 | 20 | 25 | 17 | 6 | 9 | -17 | 617 |
EBITDA margin | 35% | 74% | 93% | 83% | 83% | 89% | 4% | 93% | 81% | 89% | 74% | 53% | 76% | -89% | 61% |
Cash flow to equity * | 54 | -2 | 47 | 13 | 39 | 35 | -12 | 25 | 18 | 11 | 3 | 55 | 2 | -19 | 269 |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 89% | 100% | 51% | 62% | 44% | 100% | 50% | ||
Net production (GWh) | 135 | 89 | 100 | 85 | 138 | 158 | 82 | 9 | 18 | 19 | 32 | 15 | 27 | 9 | 916 |
Cash | 385 | 86 | 122 | 386 | 211 | 124 | 77 | 41 | 34 | 180 | 13 | 51 | 4 | 95 | 1,809 |
Gross interest bearing debt * | 2,964 | 2,002 | 923 | 2,126 | 1,618 | 323 | 824 | 320 | 155 | 435 | 320 | 369 | 346 | 316 | 13,039 |
Net working capital * | -41 | -87 | 62 | -348 | -41 | -75 | -1,438 | -6 | 75 | -69 | -46 | -29 | -336 | -339 | -2,718 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
**Includes Rwanda, Mozambique, Release, India, Bangladesh and Pakistan | |||||||||||||||
Q1 2022 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other** | Total |
NOK MILLION | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 316 | 131 | 80 | 91 | 70 | 58 | 28 | 25 | 28 | 19 | 20 | 34 | 17 | 16 | 933 |
Cost of sales | -205 | - | - | 1 | - | 0 | - | - | - | - | -1 | - | 0 | 0 | -207 |
Net revenues * | 111 | 131 | 80 | 92 | 70 | 58 | 28 | 25 | 28 | 19 | 19 | 34 | 17 | 16 | 727 |
OPEX | -37 | -17 | -6 | -15 | -14 | -8 | -102 | -3 | -4 | -3 | -4 | -5 | -2 | -17 | -236 |
EBITDA * | 73 | 114 | 74 | 77 | 57 | 50 | -74 | 22 | 23 | 17 | 15 | 29 | 15 | -2 | 490 |
EBITDA margin | 23% | 87% | 93% | 85% | 81% | 87% | -269% | 88% | 85% | 85% | 75% | 85% | 86% | -10% | 53% |
Cash flow to equity * | -2 | 335 | 41 | 17 | 20 | 18 | -88 | 7 | 16 | 3 | 5 | 19 | 9 | -8 | 391 |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 89% | 100% | 51% | 62% | 44% | 100% | 50% | ||
Net production (GWh) | 100 | 118 | 115 | 89 | 113 | 126 | 43 | 5 | 21 | 13 | 31 | 44 | 40 | 9 | 868 |
Cash | 264 | 100 | 179 | 400 | 165 | 84 | 72 | 45 | 29 | 139 | 8 | 46 | 9 | 71 | 1,613 |
Gross interest bearing debt * | 2,638 | 2,002 | 848 | 2,051 | 1,434 | 291 | 770 | 313 | 137 | 371 | 312 | 335 | 318 | 278 | 12,097 |
Net working capital * | -146 | -69 | 42 | -342 | -53 | -94 | -1,250 | -19 | 61 | -59 | -40 | -19 | -33 | -168 | -2,187 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
**Includes Rwanda, Mozambique, Release, India, Bangladesh and Pakistan | |||||||||||||||
Q4 2021 | Philippines** | South Africa 1) | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina*** | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 416 | 151 | 78 | 84 | 63 | 70 | 52 | 15 | 25 | 17 | 27 | 32 | 19 | 23 | 1,073 |
Cost of sales | -106 | - | - | - | - | - | - | - | - | - | - | - | - | - | -106 |
Net revenues * | 310 | 151 | 78 | 84 | 63 | 70 | 52 | 15 | 25 | 17 | 27 | 32 | 19 | 23 | 968 |
OPEX | -57 | -30 | -6 | -16 | -9 | -10 | -21 | -4 | -5 | -3 | -4 | -6 | -1 | -33 | -205 |
EBITDA * | 254 | 121 | 72 | 68 | 53 | 60 | 31 | 12 | 21 | 13 | 22 | 27 | 17 | -10 | 763 |
EBITDA margin | 51% | 80% | 92% | 81% | 84% | 85% | 60% | 83% | 82% | 79% | 81% | 83% | 92% | -43% | 66% |
Cash flow to equity * | 166 | 30 | 49 | 7 | 19 | 26 | 4 | - | 12 | - | 9 | 16 | 12 | -20 | 330 |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 89% | 100% | 51% | 62% | 44% | 100% | 50% | ||
Net production (GWh) | 236 | 142 | 110 | 82 | 102 | 153 | 51 | 3 | 20 | 11 | 35 | 42 | 45 | 14 | 1,047 |
Cash | 310 | 174 | 118 | 338 | 159 | 134 | 99 | 51 | 19 | 165 | 14 | 38 | 2 | 97 | 1,718 |
Gross interest bearing debt * | 2,762 | 1,709 | 858 | 2,063 | 1,452 | 340 | 787 | 318 | 138 | 398 | 270 | 347 | 326 | 288 | 12,056 |
Net working capital * | -176 | -76 | 48 | -333 | -45 | -88 | -814 | -34 | 64 | -68 | -6 | -29 | -26 | -115 | -1,699 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||||
***Argentina figures changed from Q4 2021 reporting. Part of the amount is reclassified to Other. | |||||||||||||||
Q3 2021 | Philippines** | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina*** | Other*** | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 335 | 126 | 82 | 86 | 85 | 87 | 128 | 43 | 25 | 26 | 17 | 7 | 25 | 1,072 | |
Cost of sales | -74 | - | - | - | - | - | - | - | - | - | - | - | - | -74 | |
Net revenues * | 260 | 126 | 82 | 86 | 85 | 87 | 128 | 43 | 25 | 26 | 17 | 7 | 25 | 999 | |
OPEX | -33 | -26 | -5 | -16 | -12 | -10 | -23 | -3 | -5 | -3 | -4 | -5 | -32 | -176 | |
EBITDA * | 228 | 100 | 77 | 71 | 73 | 78 | 104 | 40 | 20 | 24 | 13 | 2 | -7 | 823 | |
EBITDA margin | 58% | 79% | 94% | 82% | 86% | 89% | 82% | 93% | 81% | 90% | 76% | 31% | -26% | 73% | |
Cash flow to equity * | 138 | 21 | 43 | 9 | 33 | 39 | 69 | 22 | 12 | 9 | 2 | -8 | -14 | 377 | |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 89% | 100% | 51% | 62% | 44% | 100% | |||
Net production (GWh) | 214 | 104 | 110 | 84 | 136 | 189 | 104 | 8 | 20 | 19 | 30 | 9 | 38 | 1,065 | |
Cash | 230 | 212 | 185 | 377 | 230 | 68 | 75 | 61 | 18 | 144 | 14 | 67 | 3 | 76 | 1,762 |
Gross interest bearing debt * | 2,785 | 1,848 | 886 | 2,132 | 1,462 | 332 | 843 | 334 | 143 | 390 | 277 | 346 | 330 | 287 | 12,395 |
Net working capital * | -56 | -100 | 39 | -357 | -53 | -71 | -514 | -15 | 56 | -56 | -15 | -50 | -311 | -50 | -1,553 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||||
*** Argentina included in Other for the non balance sheet items above as reported in the Q3 report | |||||||||||||||
Q2 2021 | Philippines** | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 254 | 108 | 76 | 86 | 86 | 80 | 48 | 45 | 26 | 26 | 18 | 9 | 12 | 875 | |
Cost of sales | -67 | - 0 | - 0 | - 0 | - 0 | -0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -67 | |
Net revenues * | 187 | 108 | 76 | 86 | 86 | 80 | 48 | 45 | 26 | 26 | 18 | 9 | 12 | 808 | |
OPEX | -39 | -20 | -5 | -11 | -9 | -8 | -9 | -3 | -4 | -3 | -4 | -6 | -29 | -149 | |
EBITDA * | 149 | 88 | 71 | 75 | 77 | 72 | 39 | 42 | 22 | 23 | 14 | 4 | -16 | 660 | |
EBITDA margin | 43% | 81% | 94% | 87% | 89% | 90% | 81% | 94% | 84% | 90% | 79% | 40% | -131% | 68% | |
Cash flow to equity * | 65 | 13 | 40 | 18 | 38 | 37 | 7 | 24 | 14 | 10 | 4 | -1 | -19 | 252 | |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 91% | 100% | 51% | 62% | 44% | 100% | |||
Net production (GWh) | 111 | 91 | 111 | 86 | 139 | 182 | 34 | 8 | 22 | 20 | 33 | 13 | 9 | 860 | |
Cash | 309 | 175 | 110 | 298 | 215 | 122 | 54 | 31 | 28 | 150 | 12 | 70 | 1 | 88 | 1,664 |
Gross interest bearing debt * | 2,902 | 1,887 | 867 | 2,074 | 1,438 | 398 | 859 | 333 | 146 | 400 | 297 | 328 | 319 | 289 | 12,538 |
Net working capital * | -193 | -63 | 51 | -315 | -51 | -56 | -628 | -5 | 50 | -58 | -17 | -40 | -311 | -22 | -1,658 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||||
Q1 2021 | Philippines** | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 304 | 129 | 77 | 92 | 69 | 58 | 20 | 19 | 25 | 19 | 17 | 22 | 16 | 868 | |
Cost of sales | -24 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -24 | |
Net revenues * | 280 | 129 | 77 | 92 | 69 | 58 | 20 | 19 | 25 | 19 | 17 | 22 | 16 | 844 | |
OPEX | -37 | -22 | -5 | -12 | -12 | -6 | -4 | -3 | -4 | -3 | -4 | -2 | -27 | -140 | |
EBITDA * | 243 | 107 | 72 | 81 | 57 | 52 | 16 | 16 | 21 | 16 | 13 | 20 | -11 | 704 | |
EBITDA margin | 68% | 83% | 94% | 88% | 83% | 89% | 80% | 86% | 85% | 86% | 78% | 89% | -67% | 76% | |
Cash flow to equity * | 540 | 34 | 40 | 20 | 22 | 18 | -11 | 3 | 13 | 3 | 2 | 7 | -11 | 681 | |
Scatec economic interest | 50% | 45% | 28% | 100% | 51% | 20% | 91% | 100% | 51% | 62% | 44% | 100% | - | - | |
Net production (GWh) | 168 | 119 | 109 | 90 | 114 | 128 | 15 | 3 | 21 | 14 | 32 | 30 | 11 | 854 | |
Cash | 335 | 229 | 175 | 343 | 200 | 87 | 36 | 31 | 38 | 127 | 9 | 41 | 3 | 46 | 1,699 |
Gross interest bearing debt * | 2,854 | 1,866 | 894 | 2,154 | 1,451 | 397 | 863 | 321 | 152 | 392 | 260 | 337 | 308 | 289 | 12,537 |
Net working capital * | -93 | -111 | 40 | -491 | -93 | -79 | -1,383 | -21 | 18 | -62 | -16 | -6 | -296 | -10 | -2,603 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||||
Q4 2020 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 152 | 79 | 71 | 12 | 11 | 23 | 18 | 18 | 18 | 402 | |||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||
OPEX | -22 | -11 | -15 | -4 | -3 | -5 | 3 | -5 | -19 | -81 | |||||
EBITDA * | 130 | 68 | 57 | 8 | 8 | 18 | 20 | 13 | -1 | 320 | |||||
EBITDA margin | 86% | 86% | 79% | 66% | 72% | 76% | 114% | 74% | -8% | 80% | |||||
Cash flow to equity * | 38 | 2 | 21 | -13 | -3 | 8 | 6 | 3 | -9 | 53 | |||||
Scatec economic interest | 45% | 100% | 51% | 91% | 100% | 51% | 62% | 44% | - | - | |||||
Net production (GWh) | 142 | 75 | 105 | 12 | 2 | 17 | 12 | 32 | 10 | 407 | |||||
Cash | 209 | 278 | 229 | 34 | 42 | 58 | 137 | 13 | 12 | 52 | 1,065 | ||||
Gross interest bearing debt * | 1,889 | 2,146 | 1,451 | 919 | 334 | 158 | 415 | 295 | 304 | 296 | 8,205 | ||||
Net working capital * | -59 | -482 | -146 | -706 | -37 | 24 | -67 | -14 | -322 | 2 | -1,808 | ||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
Q3 2020 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 116 | 75 | 84 | 49 | 45 | 29 | 28 | 20 | 13 | 457 | |||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||
OPEX | -21 | -9 | -14 | -3 | -3 | -5 | -3 | -4 | -16 | -78 | |||||
EBITDA * | 95 | 66 | 71 | 45 | 42 | 24 | 25 | 16 | -5 | 379 | |||||
EBITDA margin | 82% | 88% | 84% | 93% | 93% | 84% | 90% | 81% | -39% | 83% | |||||
Cash flow to equity * | 31 | 9 | 30 | 17 | 24 | 15 | 9 | 10 | -9 | 134 | |||||
Scatec economic interest | 45% | 100% | 51% | 91% | 100% | 51% | 62% | 44% | - | - | |||||
Net production (GWh) | 111 | 66 | 130 | 29 | 8 | 22 | 18 | 35 | 11 | 430 | |||||
Cash | 185 | 316 | 331 | 42 | 67 | 85 | 123 | 31 | 22 | 63 | 1,264 | ||||
Gross interest bearing debt * | 1,848 | 2,385 | 1,618 | 970 | 356 | 180 | 451 | 299 | 325 | 327 | 8,759 | ||||
Net working capital * | -70 | -485 | -182 | -1,099 | -30 | 25 | -62 | -15 | -340 | 7 | -2,249 | ||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
Q2 2020 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 100 | 86 | 91 | 38 | 48 | 29 | 31 | 20 | 15 | 458 | |||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||
OPEX | -20 | -12 | -12 | -3 | -3 | -4 | -11 | -4 | -15 | -84 | |||||
EBITDA * | 80 | 74 | 79 | 35 | 45 | 25 | 20 | 16 | - | 374 | |||||
EBITDA margin | 80% | 87% | 86% | 91% | 94% | 85% | 66% | 82% | -2% | 82% | |||||
Cash flow to equity * | 19 | 16 | 34 | 16 | 27 | 15 | 4 | 13 | -7 | 135 | |||||
Scatec economic interest | 45% | 100% | 51% | 91% | 100% | 51% | 62% | 44% | - | - | |||||
Net production (GWh) | 92 | 71 | 129 | 22 | 9 | 20 | 19 | 33 | 11 | 406 | |||||
Cash | 169 | 468 | 303 | 59 | 56 | 42 | 133 | 29 | 4 | 85 | 1,349 | ||||
Gross interest bearing debt * | 1,854 | 2,347 | 1,660 | 974 | 355 | 192 | 485 | 320 | 327 | 345 | 8,859 | ||||
Net working capital * | -111 | -649 | -184 | -807 | -24 | 86 | -74 | -21 | -314 | -3 | -2,102 | ||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||||
Q1 2020 | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Total |
NOK million | Hydro | Solar | Hydro | Solar | Solar | Hydro | Solar | Solar | Solar | Solar | Solar | Wind | Solar | ||
Revenues | 103 | 95 | 73 | 9 | 23 | 31 | 20 | 21 | 17 | 391 | |||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||
OPEX | -14 | -9 | -10 | -2 | -3 | -4 | -3 | -5 | -11 | -60 | |||||
EBITDA * | 88 | 86 | 62 | 7 | 20 | 27 | 17 | 16 | 6 | 331 | |||||
EBITDA margin | 86% | 91% | 86% | 79% | 89% | 88% | 86% | 76% | 37% | 85% | |||||
Cash flow to equity * | 29 | 28 | 20 | -1 | 6 | 17 | 2 | 4 | -1 | 104 | |||||
Scatec economic interest | 45% | 100% | 51% | 91% | 100% | 51% | 62% | 44% | - | - | |||||
Net production (GWh) | 73 | 81 | 109 | 6 | 4 | 23 | 13 | 30 | 10 | 349 | |||||
Cash | 171 | 530 | 306 | 98 | 44 | 51 | 160 | 21 | 2 | 87 | 1,471 | ||||
Gross interest bearing debt * | 2,004 | 2,616 | 1,806 | 1,030 | 385 | 214 | 517 | 366 | 346 | 374 | 9,658 | ||||
Net working capital * | 42 | -650 | -220 | -604 | -27 | 69 | -106 | -26 | -322 | 11 | -1,836 | ||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) |
Bridge proportionate profit and loss to IFRS | Bridge from proportionate to consolidated financials | ||||||||||||
Q3 2022 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Sep-22 | Power plants in operation** | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate | Residual ownership and elimination of equity consolidated companies in PP overhead, D&C, Services, Corporate | |
NOK MILLION | NOK MILLION | Residual ownership and elimination of Equity consolidated companies in PP overhead, D&C, Services, Corporate | Consolidated | ||||||||||
External revenues | 1,316 | 292 | -824 | - | 784 | Cash | 2,198 | 131 | 655 | -873 | 3,315 | 66 | 5,492 |
Internal revenues | 502 | 52 | -65 | -489 | - | Gross interest bearing debt * | 13,886 | 1,135 | 6,164 | -4,965 | 8,490 | 0 | 24,710 |
Net income/(loss) from JV and associates | - | - | 379 | - | 379 | Net working capital * | -2,401 | 715 | 303 | 362 | -1,254 | 202 | -2,072 |
Total revenues and other income | 1,818 | 343 | -510 | -489 | 1,163 | ||||||||
Cost of sales | -580 | -49 | 240 | 390 | - | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 1,237 | 294 | -270 | -99 | 1,163 | ** Power plants in operation also include balances related to Release, India and Bangladesh | |||||||
Personnel expenses | -143 | -2 | 15 | -5 | -135 | ||||||||
Other operating expenses | -245 | 53 | 69 | 87 | -142 | ||||||||
EBITDA* | 850 | 239 | -187 | -17 | 886 | ||||||||
Depreciation and impairment | -316 | -94 | 125 | 44 | -241 | ||||||||
Operating profit (EBIT) | 534 | 145 | -61 | 26 | 645 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Bridge proportionate profit and loss to IFRS | Bridge from proportionate to consolidated financials | ||||||||||||
Q2 2022 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Jun-22 | Power plants in operation** | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 1,021 | 272 | -573 | - | 720 | Cash | 1,792 | 17 | 574 | -650 | 2,052 | 3,784 | |
Internal revenues | 109 | 8 | -13 | -104 | - | Gross interest bearing debt * | 13,039 | 0 | 4,922 | -4,875 | 7,933 | 21,019 | |
Net income/(loss) from JV and associates | - | - | 116 | - | 116 | Net working capital * | -2,666 | -52 | -378 | 425 | 608 | -2,063 | |
Total revenues and other income | 1,130 | 280 | -471 | -104 | 836 | ||||||||
Cost of sales | -226 | -6 | 200 | 30 | - | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 904 | 275 | -269 | -73 | 836 | ** Power plants in operation also include balances related to Release, India and Bangladesh | |||||||
Personnel expenses | -155 | -3 | 19 | -1 | -139 | ||||||||
Other operating expenses | -232 | -57 | 57 | 82 | -150 | ||||||||
EBITDA* | 517 | 215 | -193 | 8 | 547 | ||||||||
Depreciation and impairment | -287 | -97 | 122 | 50 | -211 | ||||||||
Operating profit (EBIT) | 230 | 118 | -69 | 58 | 336 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2022 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 31-Mar-22 | Power plants in operation** | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 937 | 278 | -491 | - | 724 | Cash | 1,600 | 13 | 498 | -545 | 2,620 | 4,186 | |
Internal revenues | 77 | 6 | -11 | -72 | - | Gross interest bearing debt * | 12,097 | 0 | 4,653 | -4,406 | 7,128 | 19,471 | |
Net income/(loss) from JV and associates | - | - | 35 | - | 35 | Net working capital * | -2,138 | -49 | -367 | 270 | 258 | -2,025 | |
Total revenues and other income | 1,014 | 284 | -467 | -72 | 759 | ||||||||
Cost of sales | -211 | - 0 | 208 | 4 | - | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 803 | 284 | -260 | -69 | 759 | ** Power plants in operation also include balances related to Release, India and Bangladesh | |||||||
Personnel expenses | -128 | -2 | 15 | -2 | -117 | ||||||||
Other operating expenses | -278 | -52 | 51 | 71 | -208 | ||||||||
EBITDA* | 398 | 230 | -195 | - 0 | 433 | ||||||||
Depreciation and impairment | -1,170 | -127 | 115 | 33 | -1,149 | ||||||||
Operating profit (EBIT) | -772 | 103 | -80 | 33 | -716 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q4 2021 | PROPORTIONATE FINANCIALS GROUP** | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 31-Dec-21 | Power plants in operation | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 1,073 | 299 | -608 | - | 762 | Cash | 1,693 | 25 | 605 | -579 | 2,426 | 4,171 | |
Internal revenues | 97 | 13 | -7 | -103 | - | Gross interest bearing debt * | 12,056 | 0 | 4,354 | -4,554 | 7,265 | 19,120 | |
Net income/(loss) from JV and associates | - | - | 276 | - | 276 | Net working capital * | -1,650 | -49 | -212 | 249 | 313 | -1,351 | |
Total revenues and other income | 1,169 | 312 | -339 | -103 | 1,039 | ||||||||
Cost of sales | -118 | -10 | 103 | 25 | - | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 1,051 | 302 | -236 | -78 | 1,039 | ||||||||
Personnel expenses | -132 | -2 | 15 | - | -118 | ||||||||
Other operating expenses | -237 | -65 | 70 | 86 | -146 | ||||||||
EBITDA* | 683 | 235 | -150 | 8 | 775 | ||||||||
Depreciation and impairment | -283 | -82 | 94 | 35 | -236 | ||||||||
Operating profit (EBIT) | 399 | 153 | -56 | 43 | 539 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||
Q3 2021 | PROPORTIONATE FINANCIALS GROUP** | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Sep-21 | Power plants in operation | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 1,075 | 304 | -533 | 846 | Cash | 1,749 | 13 | 697 | -501 | 2,373 | 4,332 | ||
Internal revenues | 121 | 7 | -8 | -121 | - | Gross interest bearing debt * | 12,395 | 0 | 4,550 | -4,610 | 7,272 | 19,607 | |
Net income/(loss) from JV and associates | - | - | 212 | 212 | Net working capital * | -1,514 | -39 | -194 | 414 | 524 | -808 | ||
Total revenues and other income | 1,196 | 311 | -329 | -121 | 1,059 | ||||||||
Cost of sales | -112 | - | 76 | 36 | - | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 1,084 | 311 | -252 | -85 | 1,059 | ||||||||
Personnel expenses | -106 | -2 | 10 | - | -98 | ||||||||
Other operating expenses | -211 | -49 | 48 | 78 | -134 | ||||||||
EBITDA* | 767 | 261 | -194 | -7 | 827 | ||||||||
Depreciation and impairment | -331 | -85 | 111 | 36 | -268 | ||||||||
Operating profit (EBIT) | 436 | 176 | -83 | 29 | 558 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||
Q2 2021 | PROPORTIONATE FINANCIALS GROUP** | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Jun-21 | Power plants in operation | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 884 | 280 | -427 | -1 | 736 | Cash | 1,608 | 56 | 648 | -554 | 2,434 | 4,192 | |
Internal revenues | 123 | 8 | -4 | -127 | -0 | Gross interest bearing debt * | 11,928 | 611 | 4,596 | -4,783 | 7,179 | 19,530 | |
Net income/(loss) from JV and associates | - 0 | - 0 | 138 | - 0 | 138 | Net working capital * | -688 | -970 | -182 | 526 | 511 | -804 | |
Total revenues and other income | 1,007 | 289 | -292 | -129 | 874 | ||||||||
Cost of sales | -110 | - 0 | 68 | 42 | -0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 897 | 289 | -226 | -86 | 874 | ||||||||
Personnel expenses | -112 | -2 | 11 | 3 | -100 | ||||||||
Other operating expenses | -184 | -45 | 47 | 78 | -104 | ||||||||
EBITDA* | 601 | 242 | -168 | -5 | 670 | ||||||||
Depreciation and impairment | -236 | -85 | 86 | 35 | -200 | ||||||||
Operating profit (EBIT) | 364 | 157 | -82 | 30 | 470 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||
Q1 2021 | PROPORTIONATE FINANCIALS GROUP** | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 31-Mar-21 | Power plants in operation | Power plants under construction | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | ||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 868 | 279 | -454 | - 0 | 693 | Cash | 1,683 | 15 | 674 | -608 | 3,020 | 4,783 | |
Internal revenues | 85 | 6 | -3 | -88 | - 0 | Gross interest bearing debt * | 11,943 | 594 | 4,589 | -4,713 | 7,114 | 19,527 | |
Net income/(loss) from JV and associates | - 0 | - 0 | 138 | - 0 | 138 | Net working capital * | -1,411 | -1,192 | -479 | 444 | 190 | -2,449 | |
Total revenues and other income | 953 | 284 | -319 | -87 | 831 | ||||||||
Cost of sales | -47 | - 0 | 24 | 23 | - 0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 907 | 284 | -295 | -64 | 831 | ||||||||
Personnel expenses | -99 | -2 | 12 | 7 | -82 | ||||||||
Other operating expenses | -172 | -50 | 43 | 60 | -118 | ||||||||
EBITDA* | 636 | 232 | -240 | 3 | 631 | ||||||||
Depreciation and impairment | -230 | -78 | 77 | 44 | -187 | ||||||||
Operating profit (EBIT) | 406 | 153 | -162 | 47 | 444 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | |||||||||||||
Q4 2020 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 31-Dec-20 | Total proportionate Solar plants | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | |||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 406 | 301 | -18 | -1 | 688 | Cash | 1,065 | 740 | -54 | 6,037 | 7,788 | ||
Internal revenues | 92 | 6 | -4 | -95 | - 0 | Gross interest bearing debt * | 8,205 | 5,339 | -1,281 | 748 | 13,011 | ||
Net income/(loss) from JV and associates | - 0 | - 0 | -8 | - 0 | -8 | Net working capital * | -1,808 | -599 | 675 | 402 | -1,330 | ||
Total revenues and other income | 497 | 307 | -29 | -96 | 679 | ||||||||
Cost of sales | -40 | - 0 | 3 | 37 | - 0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 457 | 307 | -27 | -58 | 679 | ||||||||
Personnel expenses | -71 | -1 | 2 | -7 | -78 | ||||||||
Other operating expenses | -163 | -47 | 8 | 48 | -153 | ||||||||
EBITDA* | 223 | 259 | -17 | -17 | 448 | ||||||||
Depreciation and impairment | -160 | -82 | 7 | 31 | -204 | ||||||||
Operating profit (EBIT) | 63 | 177 | -10 | 14 | 244 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q3 2020 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Sep-20 | Total proportionate Solar plants | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | |||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 463 | 290 | -19 | -2 | 731 | Cash | 1,264 | 877 | -115 | 1,976 | 4,002 | ||
Internal revenues | 93 | 6 | -4 | -95 | - 0 | Gross interest bearing debt * | 8,759 | 5,575 | -1,334 | 747 | 13,748 | ||
Net income/(loss) from JV and associates | - 0 | - 0 | -7 | - 0 | -7 | Net working capital * | -2,249 | -797 | 715 | 483 | -1,850 | ||
Total revenues and other income | 556 | 296 | -30 | -97 | 724 | ||||||||
Cost of sales | -25 | - 0 | - 0 | 25 | - 0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 530 | 296 | -30 | -72 | 724 | ||||||||
Personnel expenses | -71 | -1 | 2 | -1 | -71 | ||||||||
Other operating expenses | -140 | -50 | 6 | 68 | -116 | ||||||||
EBITDA* | 319 | 245 | -22 | -4 | 538 | ||||||||
Depreciation and impairment | -161 | -82 | 7 | 41 | -195 | ||||||||
Operating profit (EBIT) | 159 | 163 | -16 | 37 | 343 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q2 2020 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 30-Jun-20 | Total proportionate Solar plants | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | |||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 467 | 282 | -20 | -7 | 722 | Cash | 1,349 | 792 | -74 | 2,002 | 4,069 | ||
Internal revenues | 458 | 129 | -7 | -580 | - 0 | Gross interest bearing debt * | 8,859 | 5,717 | -1,385 | 747 | 13,937 | ||
Net income/(loss) from JV and associates | - 0 | - 0 | 3 | - 0 | 3 | Net working capital * | -2,102 | -796 | 677 | 721 | -1,501 | ||
Total revenues and other income | 925 | 411 | -24 | -588 | 725 | ||||||||
Cost of sales | -330 | -115 | 8 | 437 | - 0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 596 | 297 | -16 | -152 | 725 | ||||||||
Personnel expenses | -61 | - 0 | 2 | 1 | -59 | ||||||||
Other operating expenses | -119 | -56 | 6 | 83 | -86 | ||||||||
EBITDA* | 417 | 241 | -8 | -69 | 580 | ||||||||
Depreciation and impairment | -155 | -87 | 7 | 32 | -203 | ||||||||
Operating profit (EBIT) | 262 | 154 | -1 | -38 | 377 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2020 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES | ELIMINATION OF EQUITY CONSOLIDATED ENTITIES | OTHER ELIMINATIONS | IFRS FINANCIALS | 31-Mar-20 | Total proportionate Solar plants | Residual ownership interest for fully consolidated entities | Elimination of equity consolidated entities | PP overhead, D&C, Services, Corporate, Eliminations | |||
NOK MILLION | NOK MILLION | Consolidated | |||||||||||
External revenues | 391 | 259 | -20 | - 0 | 630 | Cash | 1,471 | 845 | -53 | 795 | 3,058 | ||
Internal revenues | 475 | 169 | -10 | -633 | - 0 | Gross interest bearing debt * | 9,658 | 6,220 | -1,528 | 746 | 15,096 | ||
Net income/(loss) from JV and associates | - 0 | - 0 | -5 | - 0 | -5 | Net working capital * | -1,836 | -567 | 705 | 598 | -1,100 | ||
Total revenues and other income | 866 | 428 | -35 | -633 | 625 | ||||||||
Cost of sales | -368 | -156 | 6 | 518 | - 0 | *Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||
Gross profit* | 497 | 271 | -29 | -114 | 625 | ||||||||
Personnel expenses | -56 | - | 1 | 1 | -54 | ||||||||
Other operating expenses | -95 | -36 | 6 | 56 | -69 | ||||||||
EBITDA* | 346 | 235 | -22 | -57 | 503 | ||||||||
Depreciation and impairment | -140 | -70 | 8 | 26 | -175 | ||||||||
Operating profit (EBIT) | 206 | 165 | -13 | -30 | 328 | ||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Tables from 2016 to 2019 on old format (elimination of equity consolidated entities included in eliminations column) | |||||||||||||
Q4 2019 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 365 | 237 | -36 | 565 | |||||||||
Internal revenues | 1,278 | 271 | -1,549 | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | 3 | 3 | |||||||||
Total revenues and other income | 1,642 | 508 | -1,582 | 568 | |||||||||
Cost of sales | -1,056 | -138 | 1,194 | - 0 | |||||||||
Gross profit * | 586 | 369 | -388 | 568 | |||||||||
Personnel expenses | -52 | 9 | -6 | -49 | |||||||||
Other operating expenses | -100 | -74 | 93 | -82 | |||||||||
EBITDA * | 434 | 304 | -301 | 436 | |||||||||
Depreciation and impairment | -171 | -98 | 104 | -165 | |||||||||
Operating profit (EBIT) | 263 | 206 | -197 | 271 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q3 2019 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 343 | 222 | -34 | 532 | |||||||||
Internal revenues | 1,179 | 18 | -1,197 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | -20 | -20 | |||||||||
Total revenues and other income | 1,522 | 240 | -1,251 | 512 | |||||||||
Cost of sales | -958 | -36 | 994 | - 0 | |||||||||
Gross profit * | 565 | 204 | -257 | 512 | |||||||||
Personnel expenses | -44 | - 0 | 2 | -42 | |||||||||
Other operating expenses | -87 | -23 | 57 | -52 | |||||||||
EBITDA * | 433 | 182 | -197 | 418 | |||||||||
Depreciation and impairment | -116 | -79 | 47 | -148 | |||||||||
Operating profit (EBIT) | 317 | 103 | -150 | 270 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q2 2019 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 260 | 161 | -38 | 382 | |||||||||
Internal revenues | 1,388 | 69 | -1,457 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | -7 | -7 | |||||||||
Total revenues and other income | 1,648 | 230 | -1,502 | 376 | |||||||||
Cost of sales | -1,149 | -50 | 1,198 | - 0 | |||||||||
Gross profit * | 500 | 180 | -305 | 376 | |||||||||
Personnel expenses | -38 | - 0 | 3 | -35 | |||||||||
Other operating expenses | -73 | -26 | 48 | -51 | |||||||||
EBITDA * | 388 | 154 | -253 | 290 | |||||||||
Depreciation and impairment | -90 | -76 | 64 | -101 | |||||||||
Operating profit (EBIT) | 298 | 79 | -190 | 188 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2019 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 197 | 172 | -38 | 331 | |||||||||
Internal revenues | 1,331 | 6 | -1,337 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | -4 | -4 | |||||||||
Total revenues and other income | 1,528 | 178 | -1,379 | 327 | |||||||||
Cost of sales | -1,112 | -7 | 1,119 | - 0 | |||||||||
Gross profit * | 417 | 170 | -261 | 327 | |||||||||
Personnel expenses | -39 | 5 | -2 | -36 | |||||||||
Other operating expenses | -62 | - 0 | 14 | -49 | |||||||||
EBITDA * | 315 | 175 | -249 | 242 | |||||||||
Depreciation and impairment | -82 | -79 | 64 | -97 | |||||||||
Operating profit (EBIT) | 233 | 97 | -185 | 145 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q4 2018 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 170 | 142 | - 0 | 311 | |||||||||
Internal revenues | 1,497 | 111 | -1,608 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | -0 | - 0 | 33 | 33 | |||||||||
Total revenues and other income | 1,666 | 253 | -1,575 | 344 | |||||||||
Cost of sales | -1,233 | -13 | 1,246 | - 0 | |||||||||
Gross profit * | 432 | 240 | -329 | 344 | |||||||||
Personnel expenses | -39 | -0 | 1 | -38 | |||||||||
Other operating expenses | -64 | -4 | 19 | -49 | |||||||||
EBITDA * | 329 | 236 | -309 | 257 | |||||||||
Depreciation and impairment | -54 | -34 | 17 | -71 | |||||||||
Operating profit (EBIT) | 276 | 203 | -292 | 187 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q3 2018 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 146 | 138 | - | 283 | |||||||||
Internal revenues | 1,113 | 78 | -1,191 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - | - | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - | 11 | 11 | |||||||||
Total revenues and other income | 1,259 | 216 | -1,181 | 294 | |||||||||
Cost of sales | -917 | 1 | 916 | - 0 | |||||||||
Gross profit * | 342 | 217 | -265 | 294 | |||||||||
Personnel expenses | -31 | - | - | -32 | |||||||||
Other operating expenses | -54 | -17 | 29 | -42 | |||||||||
EBITDA * | 257 | 200 | -236 | 221 | |||||||||
Depreciation and impairment | -57 | -37 | 15 | -78 | |||||||||
Operating profit (EBIT) | 200 | 163 | -220 | 143 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q2 2018 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 142 | 131 | - 0 | 273 | |||||||||
Internal revenues | 1,086 | 56 | -1,142 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | 13 | 13 | |||||||||
Total revenues and other income | 1,229 | 186 | -1,129 | 286 | |||||||||
Cost of sales | -878 | 4 | 874 | - 0 | |||||||||
Gross profit * | 351 | 190 | -254 | 286 | |||||||||
Personnel expenses | -33 | -0 | 0 | -33 | |||||||||
Other operating expenses | -51 | -23 | 34 | -41 | |||||||||
EBITDA * | 266 | 167 | -221 | 212 | |||||||||
Depreciation and impairment | -40 | -38 | 17 | -62 | |||||||||
Operating profit (EBIT) | 226 | 129 | -204 | 150 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2018 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 126 | 157 | - 0 | 283 | |||||||||
Internal revenues | 446 | 37 | -483 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | - 0 | - 0 | 6 | 6 | |||||||||
Total revenues and other income | 572 | 194 | -477 | 289 | |||||||||
Cost of sales | -376 | 3 | 373 | - 0 | |||||||||
Gross profit * | 196 | 197 | -104 | 289 | |||||||||
Personnel expenses | -31 | -0 | 0 | -31 | |||||||||
Other operating expenses | -56 | -8 | 18 | -45 | |||||||||
EBITDA * | 109 | 189 | -86 | 212 | |||||||||
Depreciation and impairment | -38 | -39 | 14 | -63 | |||||||||
Operating profit (EBIT) | 71 | 150 | -72 | 150 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q4 2017 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 126 | 160 | 286 | ||||||||||
Internal revenues | 321 | 27 | -348 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | 3 | - 0 | - 0 | 3 | |||||||||
Net income/(loss) from JV and associates | -5 | 2 | -4 | -7 | |||||||||
Total revenues and other income | 444 | 189 | -352 | 281 | |||||||||
Cost of sales | -256 | 22 | 234 | - 0 | |||||||||
Gross profit * | 188 | 211 | -118 | 281 | |||||||||
Personnel expenses | -30 | - 0 | 2 | -29 | |||||||||
Other operating expenses | -53 | -15 | 23 | -45 | |||||||||
EBITDA * | 106 | 196 | -93 | 207 | |||||||||
Depreciation and impairment | -39 | -37 | 16 | -60 | |||||||||
Operating profit (EBIT) | 66 | 159 | -77 | 148 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q3 2017 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 139 | 141 | - 0 | 280 | |||||||||
Internal revenues | 411 | - 0 | -411 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | 375 | - 0 | - 0 | 375 | |||||||||
Net income/(loss) from JV and associates | -0 | 0 | - 0 | - 0 | |||||||||
Total revenues and other income | 924 | 141 | -411 | 655 | |||||||||
Cost of sales | -356 | - 0 | 356 | - 0 | |||||||||
Gross profit * | 569 | 141 | -55 | 655 | |||||||||
Personnel expenses | -27 | - 0 | 0 | -27 | |||||||||
Other operating expenses | -41 | -18 | 25 | -34 | |||||||||
EBITDA * | 500 | 124 | -29 | 595 | |||||||||
Depreciation and impairment | -39 | -37 | 16 | -60 | |||||||||
Operating profit (EBIT) | 461 | 86 | -13 | 534 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q2 2017 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 143 | 136 | - 0 | 279 | |||||||||
Internal revenues | 24 | - 0 | -24 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | -0 | - 0 | - 0 | -0 | |||||||||
Total revenues and other income | 167 | 136 | -24 | 279 | |||||||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | |||||||||
Gross profit * | 167 | 136 | -24 | 279 | |||||||||
Personnel expenses | -27 | -0 | 0 | -27 | |||||||||
Other operating expenses | -40 | -19 | 24 | -35 | |||||||||
EBITDA * | 100 | 117 | 0 | 217 | |||||||||
Depreciation and impairment | -42 | -42 | 18 | -66 | |||||||||
Operating profit (EBIT) | 57 | 76 | 18 | 151 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2017 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 125 | 151 | - 0 | 277 | |||||||||
Internal revenues | 19 | - 0 | -19 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | -0 | - 0 | - 0 | -0 | |||||||||
Total revenues and other income | 144 | 151 | -19 | 276 | |||||||||
Cost of sales | - 0 | - 0 | - 0 | - 0 | |||||||||
Gross profit * | 144 | 151 | -19 | 276 | |||||||||
Personnel expenses | -24 | -0 | 0 | -24 | |||||||||
Other operating expenses | -33 | -16 | 20 | -30 | |||||||||
EBITDA * | 87 | 135 | - 0 | 222 | |||||||||
Depreciation and impairment | -40 | -39 | 17 | -62 | |||||||||
Operating profit (EBIT) | 47 | 97 | 17 | 160 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q4 2016 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 130 | 160 | - 0 | 290 | |||||||||
Internal revenues | 17 | - 0 | -17 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | 7 | - 0 | 67 | 74 | |||||||||
Net income/(loss) from JV and associates | -0 | - 0 | - 0 | -0 | |||||||||
Total revenues and other income | 153 | 160 | 51 | 363 | |||||||||
Cost of sales | -0 | - 0 | 0 | - 0 | |||||||||
Gross profit * | 152 | 160 | 51 | 363 | |||||||||
Personnel expenses | -19 | - 0 | - 0 | -19 | |||||||||
Other operating expenses | -51 | -16 | 17 | -51 | |||||||||
EBITDA * | 83 | 144 | 67 | 294 | |||||||||
Depreciation and impairment | -94 | -39 | 49 | -84 | |||||||||
Operating profit (EBIT) | -11 | 105 | 116 | 210 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q3 2016 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 150 | 130 | 1 | 281 | |||||||||
Internal revenues | 59 | - 0 | -59 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | |||||||||
Net income/(loss) from JV and associates | -0 | - 0 | - 0 | -0 | |||||||||
Total revenues and other income | 209 | 130 | -58 | 281 | |||||||||
Cost of sales | -37 | - 0 | 37 | - 0 | |||||||||
Gross profit * | 172 | 130 | -21 | 281 | |||||||||
Personnel expenses | -21 | 0 | - 0 | -21 | |||||||||
Other operating expenses | -41 | -19 | 21 | -38 | |||||||||
EBITDA * | 111 | 111 | 0 | 222 | |||||||||
Depreciation and impairment | -48 | -36 | 16 | -68 | |||||||||
Operating profit (EBIT) | 63 | 75 | 16 | 154 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q2 2016 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 116 | 98 | 0 | 214 | |||||||||
Internal revenues | 322 | - 0 | -322 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | 1 | - 0 | - 0 | 1 | |||||||||
Net income/(loss) from JV and associates | -2 | - 0 | - 0 | -2 | |||||||||
Total revenues and other income | 437 | 98 | -322 | 213 | |||||||||
Cost of sales | -275 | - 0 | 275 | - 0 | |||||||||
Gross profit * | 162 | 98 | -47 | 213 | |||||||||
Personnel expenses | -24 | -0 | - 0 | -24 | |||||||||
Other operating expenses | -39 | -16 | 17 | -37 | |||||||||
EBITDA * | 100 | 82 | -29 | 153 | |||||||||
Depreciation and impairment | -44 | -30 | 15 | -60 | |||||||||
Operating profit (EBIT) | 55 | 51 | -14 | 93 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | |||||||||||||
Q1 2016 | PROPORTIONATE FINANCIALS GROUP | RESIDUAL OWNERSHIP INTERESTS | ELIMINATIONS | IFRS FINANCIALS | |||||||||
NOK MILLION | |||||||||||||
External revenues | 103 | 125 | 1 | 228 | |||||||||
Internal revenues | 273 | - 0 | -273 | - 0 | |||||||||
Net gain/(loss) from sale of project assets | 0 | - 0 | 0 | 0 | |||||||||
Net income/(loss) from JV and associates | -1 | - 0 | 0 | -1 | |||||||||
Total revenues and other income | 375 | 125 | -272 | 228 | |||||||||
Cost of sales | -228 | - 0 | 228 | - 0 | |||||||||
Gross profit * | 148 | 125 | -45 | 228 | |||||||||
Personnel expenses | -23 | -0 | 0 | -23 | |||||||||
Other operating expenses | -41 | -13 | 15 | -39 | |||||||||
EBITDA * | 83 | 112 | -30 | 165 | |||||||||
Depreciation and impairment | -44 | -31 | 16 | -59 | |||||||||
Operating profit (EBIT) | 40 | 82 | -14 | 107 | |||||||||
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) |
IFRS financials | ||||||||||||||||||||||||||
Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | |
NOK MILLION | ||||||||||||||||||||||||||
External revenues | 228.2 | 214.4 | 280.7 | 289.6 | 276.5 | 279.0 | 279.7 | 285.8 | 283 | 273 | 283 | 311 | 331 | 382 | 532 | 565 | 630 | 731 | 688 | 693 | 736 | 846 | 762 | 724 | 720 | 784 |
Net gain/(loss) from sale of project assets | 0.2 | 1.4 | - 0 | 73.8 | - 0 | - 0 | 375.2 | 2.6 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 |
Net income/(loss) from associated companies | -0.6 | -2.4 | -0.1 | -0.2 | -0.3 | -0.1 | 0.0 | -7.0 | 6 | 13 | 11 | 33 | -4 | -7 | -20 | 3 | -5 | -7 | -8 | 138 | 138 | 212 | 276 | 35 | 116 | 379 |
Total revenues and other income | 227.9 | 213.4 | 280.6 | 363.1 | 276.3 | 278.9 | 654.9 | 281.5 | 289 | 286 | 294 | 344 | 327 | 376 | 512 | 568 | 625 | 724 | 679 | 831 | 874 | 1,059 | 1,039 | 759 | 836 | 1,163 |
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 |
Gross profit * | 227.9 | 213.4 | 280.6 | 363.1 | 276.3 | 278.9 | 654.9 | 281.5 | 289 | 286 | 294 | 344 | 327 | 376 | 512 | 568 | 625 | 724 | 679 | 831 | 874 | 1,059 | 1,039 | 759 | 836 | 1,163 |
Personnel expenses | -23.3 | -23.7 | -20.5 | -18.7 | -24.3 | -27.2 | -26.8 | -28.7 | -32 | -35 | -32 | -38 | -36 | -35 | -42 | -49 | -54 | -71 | -78 | -82 | -100 | -98 | -118 | -117 | -139 | -135 |
Other operating expenses | -39.4 | -37.1 | -38.4 | -50.8 | -29.7 | -34.6 | -33.6 | -45.4 | -44 | -39 | -42 | -49 | -49 | -51 | -52 | -82 | -69 | -116 | -153 | -118 | -104 | -134 | -146 | -208 | -150 | -142 |
EBITDA* | 165.2 | 152.6 | 221.7 | 293.6 | 222.3 | 217.0 | 594.5 | 207.4 | 212 | 212 | 221 | 257 | 242 | 290 | 418 | 436 | 503 | 538 | 448 | 631 | 670 | 827 | 775 | 433 | 547 | 886 |
Depreciation, amortisation and impairment | -58.6 | -59.6 | -68.1 | -83.7 | -62.0 | -66.0 | -60.3 | -59.8 | -63 | -62 | -78 | -71 | -97 | -101 | -148 | -165 | -175 | -195 | -204 | -187 | -200 | -268 | -236 | -1,149 | -211 | -241 |
Operating profit (EBIT) | 106.6 | 93.0 | 153.6 | 209.9 | 160.3 | 151.1 | 534.3 | 147.6 | 150 | 150 | 143 | 187 | 145 | 188 | 270 | 271 | 328 | 343 | 244 | 444 | 470 | 558 | 539 | -716 | 336 | 645 |
Net financial expenses | -141.1 | -87.0 | -141.5 | -94.4 | -122.5 | -151.7 | -122.5 | -135.6 | -133 | 2 | -83 | -92 | -120 | -162 | -183 | -226 | 82 | -333 | -825 | -344 | -279 | -328 | -301 | -295 | -380 | -268 |
Profit before income tax | -34.6 | 6.0 | 12.1 | 115.5 | 37.8 | -0.7 | 411.8 | 12.0 | 16 | 152 | 60 | 95 | 25 | 27 | 87 | 45 | 410 | 10 | -581 | 100 | 191 | 230 | 238 | -1,011 | -44 | 377 |
Income tax (expense)/benefit | 11.6 | -0.5 | -0.9 | -38.7 | -6.7 | 2.2 | -5.0 | -13.4 | -4 | -50 | -24 | -19 | -13 | -6 | -20 | 10 | -111 | -34 | 19 | -59 | -81 | -61 | -102 | -50 | -24 | -42 |
Profit/(loss) for the period | -23.0 | 5.5 | 11.2 | 76.8 | 31.0 | 1.5 | 406.8 | -1.4 | 12 | 102 | 36 | 76 | 12 | 21 | 66 | 56 | 299 | -24 | -561 | 42 | 110 | 169 | 136 | -1,062 | -68 | 335 |
Profit/(loss) attributable to: | ||||||||||||||||||||||||||
Equity holders of the parent | -46.2 | 4.6 | -1.1 | 46.2 | 3.63 | -12.7 | 383.0 | -34.9 | -18 | 98 | 14 | 45 | -33 | -25 | 31 | -12 | 235 | -57 | -558 | 18 | 93 | 131 | 146 | -1,133 | -97 | 255 |
Non-controlling interests | 23.2 | 0.9 | 12.3 | 30.5 | 27.41 | 14.1 | 23.8 | 33.5 | 30 | 4 | 22 | 31 | 45 | 45 | 36 | 68 | 64 | 33 | -3 | 24 | 17 | 38 | -11 | 71 | 29 | 80 |
-23.0 | 5.5 | 11.2 | 76.8 | 31.04 | 1.5 | 406.8 | -1.4 | 12 | 102 | 36 | 76 | 12 | 21 | 66 | 56 | 299 | -24 | -561 | 42 | 110 | 169 | 136 | -1,062 | -68 | 335 | |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) |
Proportinate Financials per segment | ||||||||||||||||||||||||||||||
HISTORICAL PRPORTIONATE FINANCIALS WITH 2016-2019 SEGMENT STRUCTURE | ||||||||||||||||||||||||||||||
Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q2 2019 restated | Q3 2019 restated | Q4 2019 restated | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021** | Q2 2021** | Q3 2021** | Q4 2021** | Q1 2022 | Q2 2022 | Q3 2022 | |
GROUP PROPORTIONATE FINANCIALS | ||||||||||||||||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues ** | 103 | 116 | 150 | 130 | 125 | 143 | 139 | 126 | 126 | 142 | 146 | 169 | 197 | 260 | 343 | 365 | 260 | 343 | 365 | 391 | 467 | 463 | 406 | 868 | 884 | 1,075 | 1,073 | 937 | 1,021 | 1,316 |
Internal revenues | 273 | 322 | 59 | 17 | 19 | 24 | 411 | 321 | 446 | 1,086 | 1,113 | 1,497 | 1,331 | 1,388 | 1,179 | 1,278 | 1,388 | 1,179 | 1,278 | 475 | 458 | 93 | 92 | 85 | 123 | 121 | 97 | 77 | 109 | 502 |
Net gain/(loss) from sale of project assets | 0 | 1 | - 0 | 7 | - 0 | - 0 | 375 | 3 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - 0 | - 0 | - | - | - | |||
Net income/(loss) from associated companies | -1 | -2 | -0 | -0 | -0 | -0 | -0 | -5 | - 0 | - 0 | - 0 | -0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 |
Total revenues and other income | 375 | 437 | 209 | 153 | 144 | 167 | 924 | 444 | 572 | 1,229 | 1,259 | 1,666 | 1,528 | 1,648 | 1,522 | 1,642 | 1,648 | 1,522 | 1,642 | 866 | 925 | 556 | 497 | 953 | 1,007 | 1,196 | 1,169 | 1,014 | 1,130 | 1,818 |
Cost of sales ** | -228 | -275 | -37 | -0 | - 0 | - 0 | -356 | -256 | -376 | -878 | -917 | -1,233 | -1,112 | -1,149 | -958 | -1,056 | -1,149 | -958 | -1,056 | -368 | -330 | -25 | -40 | -47 | -110 | -112 | -118 | -213 | -226 | -580 |
Gross profit * | 148 | 162 | 172 | 152 | 144 | 167 | 569 | 188 | 196 | 351 | 342 | 432 | 417 | 500 | 565 | 586 | 500 | 565 | 586 | 497 | 596 | 530 | 457 | 906 | 897 | 1,084 | 1,051 | -801 | 904 | 1,237 |
Personnel expenses | -23 | -24 | -21 | -19 | -24 | -27 | -27 | -30 | -32 | -35 | -31 | -39 | -39 | -38 | -44 | -52 | -38 | -44 | -52 | -56 | -61 | -71 | -71 | -99 | -112 | -106 | -132 | -128 | -155 | -143 |
Other operating expenses | -41 | -39 | -41 | -51 | -33 | -40 | -41 | -52 | -55 | -50 | -54 | -64 | -62 | -73 | -87 | -100 | -73 | -87 | -100 | -95 | -119 | -140 | -163 | -172 | -184 | -211 | -237 | -278 | -232 | -245 |
EBITDA* | 83 | 100 | 111 | 83 | 87 | 100 | 500 | 106 | 109 | 266 | 257 | 329 | 315 | 388 | 433 | 434 | 388 | 433 | 434 | 346 | 417 | 319 | 223 | 636 | 601 | 767 | 683 | 396 | 517 | 850 |
Depreciation, amortisation and impairment | -44 | -44 | -48 | -94 | -40 | -42 | -39 | -39 | -38 | -40 | -57 | -53 | -82 | -90 | -116 | -171 | -90 | -116 | -171 | -140 | -155 | -161 | -160 | -230 | -236 | -331 | -283 | -1,170 | -287 | -316 |
Operating profit (EBIT) | 40 | 55 | 63 | -11 | 47 | 57 | 461 | 66 | 71 | 226 | 200 | 276 | 233 | 298 | 317 | 263 | 298 | 317 | 263 | 206 | 262 | 159 | 63 | 406 | 364 | 436 | 399 | -774 | 230 | 534 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | ||||||||||||||||||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q3 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | ||||||||||||||||||||||||||||||
POWER PRODUCTION PROPORTIONATE FINANCIALS | Q2 2019 restated | Q3 2019 restated | Q4 2019 restated | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021** | Q2 2021** | Q3 2021** | Q4 2021** | Q1 2022 | Q2 2022 | Q3 2022 | ||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues ** | 103 | 116 | 150 | 130 | 125 | 143 | 139 | 126 | 126 | 142 | 146 | 169 | 197 | 258 | 343 | 365 | 258 | 343 | 365 | 391 | 458 | 457 | 402 | 868 | 875 | 1,072 | 1,073 | 933 | 1,010 | 1,311 |
Internal revenues | 2 | 2 | 2 | 6 | 11 | 7 | 9 | 11 | 12 | 14 | 14 | 14 | - 0 | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 | - | - | -0 | 5 | -0 | ||||
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - 0 | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 | - | - | - 0 | - 0 | - 0 | ||||
Net income/(loss) from associated companies | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - 0 | - 0 | - 0 | - | - | - | - 0 | - 0 | - 0 | - | - | - | - | - | ||||
Total revenues and other income | 103 | 116 | 150 | 130 | 127 | 145 | 141 | 131 | 137 | 150 | 155 | 180 | 208 | 272 | 357 | 379 | 258 | 343 | 365 | 391 | 458 | 457 | 402 | 868 | 875 | 1,072 | 1,073 | 933 | 1,015 | 1,311 |
Cost of sales ** | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - 0 | -23 | -67 | -74 | -104 | -208 | -204 | -210 | ||||
Gross profit * | 103 | 116 | 150 | 130 | 127 | 145 | 141 | 131 | 137 | 150 | 155 | 180 | 208 | 271 | 357 | 379 | 258 | 343 | 365 | 391 | 458 | 457 | 402 | 844 | 808 | 999 | 968 | 725 | 810 | 1,101 |
Personnel expenses | -3 | -3 | -3 | -3 | -4 | -4 | -4 | -4 | -4 | -4 | -3 | -6 | -7 | -8 | -9 | -9 | -5 | -5 | -6 | -5 | -5 | -9 | -8 | -24 | -23 | -23 | -29 | -23 | -33 | -30 |
Other operating expenses | -18 | -19 | -22 | -23 | -16 | -20 | -18 | -21 | -27 | -25 | -26 | -35 | -33 | -43 | -52 | -61 | -37 | -47 | -55 | -55 | -78 | -69 | -74 | -116 | -126 | -153 | -176 | -213 | -160 | -164 |
EBITDA* | 82 | 94 | 125 | 104 | 108 | 121 | 119 | 107 | 106 | 121 | 127 | 139 | 168 | 221 | 296 | 309 | 216 | 291 | 304 | 331 | 374 | 379 | 320 | 704 | 660 | 823 | 763 | 489 | 617 | 907 |
Depreciation, amortisation and impairment | -41 | -39 | -46 | -91 | -39 | -41 | -38 | -39 | -36 | -39 | -38 | -52 | -67 | -83 | -107 | -155 | -83 | -107 | -155 | -125 | -144 | -149 | -149 | -221 | -227 | -272 | -252 | -1,044 | -277 | -291 |
Operating profit (EBIT) | 41 | 55 | 79 | 13 | 69 | 80 | 81 | 68 | 70 | 82 | 89 | 88 | 101 | 138 | 190 | 154 | 133 | 184 | 149 | 206 | 230 | 230 | 171 | 483 | 432 | 551 | 511 | -555 | 340 | 616 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | ||||||||||||||||||||||||||||||
** Q1-Q4 2021 figures for Philippines have been adjusted due to change in accounting policy for bilateral contracts as disclosed in Note 10 to Q1 2022 condensed interm consolidated financial statements. Revenues and cost of sales are presented in net amounts. Adjustments are NOK 56 million in Q1 2021, NOK 94 million in Q2 2021, NOK 58 million in Q3 2021 and NOK 81 million in Q4 2021 | ||||||||||||||||||||||||||||||
OPERATION & MAINTENANCE * | ||||||||||||||||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues | 1 | - 0 | 1 | - | - | - | - | - | - | - | - | - 0 | - | - | - | 1 | - | - | - | |||||||||||
Internal revenues | 12 | 15 | 19 | 14 | 15 | 20 | 20 | 15 | 14 | 30 | 22 | 15 | 17 | 29 | 35 | 33 | - | - | - | |||||||||||
Net gain/(loss) from sale of project assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
Net income/(loss) from JV and associates | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
Total revenues and other income | 13 | 16 | 20 | 14 | 15 | 20 | 20 | 15 | 14 | 30 | 22 | 15 | 17 | 29 | 35 | 34 | - | - | - | |||||||||||
Cost of sales | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
Gross profit | 13 | 16 | 20 | 14 | 15 | 20 | 20 | 15 | 14 | 30 | 22 | 15 | 17 | 29 | 35 | 34 | - | - | - | |||||||||||
Personnel expenses | -3 | -3 | -3 | -2 | -3 | -3 | -4 | -4 | -5 | -5 | -6 | -7 | -7 | -7 | -9 | -10 | - | - | - | |||||||||||
Other operating expenses | -5 | -4 | -4 | -7 | -6 | -6 | -7 | -7 | -7 | -6 | -5 | -6 | -8 | -8 | -8 | -13 | - | - | - | |||||||||||
EBITDA | 6 | 9 | 12 | 5 | 5 | 10 | 9 | 4 | 2 | 19 | 11 | 2 | 3 | 14 | 18 | 11 | - | - | - | |||||||||||
Depreciation, amortisation and impairment | -1 | -1 | -1 | -1 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -1 | -1 | -1 | -1 | - | - | - | |||||||||||
Operating profit (EBIT) | 5 | 8 | 12 | 4 | 5 | 10 | 9 | 4 | 2 | 19 | 11 | 2 | 2 | 13 | 17 | 10 | - | - | - | |||||||||||
* from 2020 Operations & Maintenance is reported in the new segment "Services" | ||||||||||||||||||||||||||||||
SERVICES | Q2 2019 restated | Q3 2019 restated | Q4 2019 restated | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | ||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 1 | - 0 | 0 | - | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 4 |
Internal revenues | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 42 | 49 | 47 | 52 | 73 | 60 | 44 | 55 | 67 | 69 | 65 | 63 | 75 | 78 |
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | 0 | - | - 0 | - 0 | - 0 | - | - | |||
Net income/(loss) from JV and associates | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | 0 | - | - 0 | - 0 | - 0 | - | - | - 0 | - 0 | - 0 |
Total revenues and other income | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 42 | 49 | 48 | 52 | 73 | 60 | 45 | 56 | 68 | 69 | 66 | 66 | 79 | 82 |
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - | - 0 | - 0 | - 0 | - | - | -0 | 1 | 0 |
Gross profit * | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 42 | 49 | 48 | 52 | 73 | 60 | 45 | 56 | 68 | 70 | 66 | 65 | 81 | 82 |
Personnel expenses | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -10 | -12 | -14 | -17 | -21 | -18 | -19 | -22 | -23 | -25 | -26 | -26 | -31 | -32 |
Other operating expenses | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -14 | -14 | -18 | -19 | -18 | -21 | -17 | -17 | -21 | -23 | -29 | -23 | -29 | -28 |
EBITDA * | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 19 | 23 | 16 | 16 | 34 | 22 | 10 | 17 | 24 | 22 | 11 | 16 | 20 | 22 |
Depreciation, amortisation and impairment | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -2 | -1 |
Operating profit (EBIT) | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 18 | 22 | 15 | 15 | 33 | 21 | 9 | 16 | 23 | 21 | 10 | 15 | 18 | 21 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | ||||||||||||||||||||||||||||||
DEVELOPMENT & CONSTRUCTION | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | |||||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 2 | - 0 | - 0 | 2 | - 0 | - 0 | - 0 | 6 | 5 | 1 | - 0 | 2 | 1 | - | - | 5 | -1 | ||||
Internal revenues | 258 | 304 | 37 | 0 | 0 | 385 | 296 | 417 | 1,045 | 1,077 | 1,466 | 1,297 | 1,337 | 1,121 | 1,222 | 1,337 | 1,121 | 1,222 | 414 | 377 | 25 | 45 | 24 | 49 | 43 | 18 | 5 | 20 | 412 | |
Net gain/(loss) from sale of project assets | 0 | 1 | 7 | - 0 | - 0 | 375 | 3 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - | - 0 | - 0 | - | - | - | - | - | - | |
Net income/(loss) from JV and associates | -1 | -2 | -0 | -0 | -0 | -0 | -0 | -5 | - 0 | - 0 | - 0 | -1 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - | - 0 | - 0 | - | - | - | - | - 0 | - 0 |
Total revenues and other income | 257 | 304 | 37 | 6 | -0 | -0 | 760 | 294 | 417 | 1,045 | 1,077 | 1,466 | 1,297 | 1,339 | 1,121 | 1,222 | 1,339 | 1,121 | 1,222 | 414 | 383 | 30 | 46 | 24 | 51 | 43 | 18 | 5 | 25 | 412 |
Cost of sales | -228 | -275 | -37 | -0 | - 0 | - 0 | -356 | -256 | -376 | -878 | -917 | -1,233 | -1,112 | -1,149 | -958 | -1,056 | -1,149 | -958 | -1,056 | -369 | -329 | -26 | -40 | -24 | -43 | -39 | -14 | -4 | -23 | -370 |
Gross profit * | 30 | 28 | -0 | 6 | -0 | -0 | 405 | 38 | 42 | 167 | 160 | 232 | 185 | 190 | 163 | 166 | 190 | 163 | 166 | 46 | 53 | 4 | 6 | - 0 | 7 | 4 | 4 | - | 3 | 41 |
Personnel expenses | -10 | -10 | -7 | -8 | -8 | -11 | -10 | -13 | -13 | -15 | -13 | -13 | -14 | -13 | -13 | -20 | -13 | -13 | -20 | -19 | -20 | -21 | -25 | -36 | -40 | -36 | -50 | -53 | -57 | -56 |
Other operating expenses | -12 | -7 | -7 | -16 | -7 | -7 | -11 | -15 | -13 | -11 | -17 | -17 | -13 | -12 | -18 | -15 | -12 | -18 | -15 | -11 | -13 | -10 | -18 | -24 | -21 | -21 | -11 | -23 | -26 | -31 |
EBITDA * | 8 | 12 | -14 | -18 | -15 | -18 | 384 | 10 | 15 | 140 | 130 | 202 | 159 | 165 | 133 | 132 | 165 | 133 | 132 | 15 | 22 | -27 | -38 | -60 | -54 | -53 | -57 | -75 | -81 | -45 |
Depreciation, amortisation and impairment | -2 | -5 | -2 | -2 | -1 | -1 | -1 | -1 | -1 | -1 | -18 | -1 | -13 | -5 | -7 | -13 | -5 | -7 | -13 | -10 | -4 | -7 | -5 | -2 | -2 | -52 | -22 | -118 | -0 | -17 |
Operating profit (EBIT) | 5 | 7 | -16 | -20 | -16 | -18 | 383 | 9 | 15 | 139 | 113 | 201 | 146 | 160 | 125 | 119 | 160 | 125 | 119 | 5 | 17 | -33 | -43 | -62 | -56 | -105 | -79 | -193 | -81 | -63 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) | ||||||||||||||||||||||||||||||
CORPORATE | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | |||||||||||||||||||
NOK MILLION | ||||||||||||||||||||||||||||||
External revenues | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 2 | 2 | 1 | - 0 | 6 | 2 | -2 | 1 | 2 | 2 | ||||
Internal revenues | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 9 | 9 | 7 | 9 | 9 | 7 | 8 | 9 | 7 | 4 | 6 | 7 | 9 | 14 | 9 | 10 | 12 |
Net gain/(loss) from sale of project assets | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - | - | - 0 | - 0 | - | - | - | ||||||
Net income/(loss) from JV and associates | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 0 | - | - | - 0 | - 0 | - | - | - | - 0 | - 0 | ||||
Total revenues and other income | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 9 | 9 | 7 | 9 | 9 | 7 | 8 | 11 | 9 | 5 | 6 | 13 | 11 | 11 | 10 | 12 | 13 |
Cost of sales | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - 0 | - | - | - 0 | - | 0 | - | - 0 | - 0 | - 0 | - | - | - | 0 | 0 | ||||
Gross profit * | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 9 | 9 | 7 | 9 | 9 | 7 | 8 | 11 | 9 | 5 | 6 | 13 | 11 | 11 | 10 | 12 | 13 |
Personnel expenses | -7 | -8 | -8 | -6 | -9 | -9 | -9 | -8 | -10 | -10 | -10 | -13 | -11 | -10 | -14 | -13 | -10 | -14 | -13 | -14 | -14 | -24 | -20 | -17 | -26 | -22 | -26 | -27 | -33 | -25 |
Other operating expenses | -7 | -9 | -7 | -6 | -4 | -7 | -5 | -11 | -8 | -8 | -6 | -6 | -9 | -10 | -9 | -12 | -10 | -9 | -12 | -10 | -10 | -40 | -53 | -14 | -16 | -14 | -20 | -18 | -18 | -22 |
EBITDA * | -12 | -15 | -13 | -8 | -11 | -14 | -11 | -15 | -14 | -14 | -11 | -14 | -14 | -11 | -14 | -18 | -11 | -14 | -18 | -16 | -13 | -54 | -69 | -25 | -28 | -25 | -35 | -34 | -39 | -34 |
Depreciation, amortisation and impairment | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -1 | -2 | -1 | -2 | -2 | -1 | -2 | -5 | -5 | -5 | -5 | -6 | -6 | -6 | -8 | -7 | -7 | -6 |
Operating profit (EBIT) | -12 | -15 | -13 | -9 | -11 | -14 | -11 | -15 | -14 | -14 | -12 | -15 | -16 | -13 | -16 | -20 | -13 | -16 | -20 | -21 | -18 | -59 | -74 | -31 | -35 | -31 | -42 | -40 | -47 | -40 |
*Reference is given to the quarterly report for a definition of Alternative Performance Measures (APM) |
PROP March | |||||||||||||||||
IN OPERATION | Under Construction | TOTAL eks under construction | |||||||||||||||
NOK MILLION | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Pakistan | TOTAL | |
Cash | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! |
Gross interest bearing debt | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! |
ERROR:#REF! Author: Author: Journal som skaper avvik- uves på gruppen og OK | ERROR:#REF! |
ERROR:#REF! Author: Author: Journal Rep 2 | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! |
Net working capital | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! |
February | |||||||||||||||||
NOK MILLION | Philippines | South Africa | Uganda | Malaysia | Egypt | Laos | Ukraine | Czech Republic | Honduras | Jordan | Brazil | Vietnam | Argentina | Other | Pakistan | ||
Cash | 310 | 174 | 118 | 338 | 159 | 134 | 99 | 51 | 19 | 165 | 14 | 38 | 2 | 72 | 25 | ||
Change | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ||
% | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ||
Gross interest bearing debt1 | 2,762 | 1,709 | 858 | 2,063 | 1,452 | 340 | 787 | 318 | 138 | 398 | 270 | 347 | 326 | 288 | 0 | ||
ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | |||
ERROR:#REF! |
ERROR:#REF! Maria Gustafsson: Maria Gustafsson: New loan agreement | Author: Author: Journal som skaper avvik- uves på gruppen og OK | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ERROR:#REF! | ||
Net WC | (176) | (76) | 48 | (333) | (45) | (88) | (814) | (34) | 64 | (68) | (6) | (29) | (26) | (66) | -49 |
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Scatec ASA published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 08:14:03 UTC.