Vestjysk Bank A/S reported audited earnings results for the year ended December 31, 2011. For the year, the company reported interest income of DKK 1,527,430,000 against DKK 1,530,349,000 a year ago. Net interest income was DKK 846,399,000 against DKK 816,759,000 for the same period a year ago. Net interest and fee income was DKK 1,085,340,000 against DKK 1,053,138,000 a year ago. Loss before tax was DKK 558,776,000 against profit before tax of DKK 9,531,000 a year ago. Loss was DKK 422,636,000 or DKK 34.22 per basic and diluted share against profit of DKK 5,978,000 or DKK 0.48 per basic and diluted share a year ago. Cash flows used in operating activities, total was DKK 251,922,000 against cash flow from operating activities of DKK 217,727,000 a year ago. Payments for property, plant and equipment was DKK 20,072,000 against DKK 10,805,000 a year ago. Return on equity before tax, annually was 28.7% against 0.4% a year ago. Return on equity after tax, annually was 21.7% against 0.3% a year ago. Core income was DKK 1,111 million against DKK 1,099 million a year ago. Core earnings before impairments were DKK 146 million against DKK 130 million a year ago. Core earnings after impairments were DKK 505 million against DKK 491 million a year ago. For the year 2012, on the basis of a preliminary budget for the merged bank, the merging parties have a target of combined 2012 core earnings at the level of DKK 550-600 million before impairments and before extraordinary costs related to the merger.