Key figures

Key figures consolidated accounts

		2017	2016	2015	2014	2013
Income statement Total income* ⁽⁹⁾	USD mill	2 992	2 219	2 159	2 443	2 535
Primary operating profit (EBITDA)*	USD mill	524	728	262	413	445
Operating profit (EBIT)*	USD mill	253	580	103	253	293
Profit/(loss) before tax*	USD mill	148	543	(25)	122	285
Net profit/(loss)	USD mill	146	500	(4)	166	272
Balance sheet Non current assets	USD mill	6 322	2 708	2 925	2 955	2 952
Current assets	USD mill	1 487	305	373	398	436
Total assets	USD mill	7 809	3 103	3 299	3 353	3 388
Equity – parent	USD mill	2 566	1 435	1 655	1 707	1 632
Equity – NCI	USD mill	230
Interest-bearing debt	USD mill	3 764	1 320	1 319	1 325	1 502
Key financial figures Cash flow from operations⁽⁴⁾	USD mill	462	211	194	216	194
Liquid funds at 31 Dec ⁽⁵⁾	USD mill	796	283	349	375	411
Current ratio ⁽⁶⁾		1.0	1.5	1.3	2.7	1.9
Equity ratio ⁽⁷⁾	%	36%	48%	50%	51%	48%
Yield Return on equity ⁽⁸⁾	%	6.9%	32.4%	(0.3%)	9.9%	17.1%
Key figures per share Earnings per share** ⁽¹⁾	USD	0.37	2.27	(0.02)	0.75	1.23
Diluted earnings per share ⁽²⁾	USD	0.37	2.27	(0.02)	0.75	1.23
EBITDA* per share** ⁽³⁾	USD	1.36	3.31	1.19	1.88	2.02
Average number of shares outstanding	(thousand)	423 105	220 000	220 000	220 000	220 000
Market price at year end	NOK	59.25	33.80⁽¹⁰⁾	35.30	46.00	56.75
Market price high	NOK	59.25	34.40	51.50	60.25	59.25
Market price low	NOK	35.90	15.76	32.80	41.60	45.00
Dividend per share	NOK	0.00	0.00	1.50	2.00	4.75

⁽¹⁾ Profit for the period after minority interests, divided by average number of shares.
⁽²⁾ Earnings per share taking into consideration the number of potential outstanding shares in the period.
⁽³⁾ Operating profit (EBIT) for the period adjusted for depreciation and impairments of assets, divided by average number of shares outstanding.
⁽⁴⁾ Net cash flow from operating activities.
⁽⁵⁾ Cash, bank deposits and current financial investments.
⁽⁶⁾ Current assets divided by current liabilities.
⁽⁷⁾ Equity in percent of total assets.
⁽⁸⁾ Profit after tax (annualised) divided by average equity.
⁽⁹⁾ Restated 2013-2015 figures: revenues/costs relating to procurement and process management with a fixed fee leaving no business risk with WWL Vehicle Services Americas (VSA) is considered «pass through» revenues/costs and will therefore be accounted for on a net basis going forward. Hence, previous reported figures have been restated accordingly.
⁽¹⁰⁾ Den Norske Amerikalinje was demerged in the second quarter of 2016. The demerged entity, named Treasuer ASA, was listed on the Oslo Stock Exchange at NOK 16.00 a share

^*For 2016 and backwards, figures according to the proportional method, which reflected the group`s underlying operations in more detail than the official accounts. The IFRS accounting principles are applied in both proportionate accounts and official accounts, but the former utilises a different method for consolidating the group`s joint ventures. The presentation reflects proportionately the group`s partnership based ownership structure.
^**For 2017, earnings per share is calculated based on 220,000,000 shares for Q1 and 423,104,938 shares for the remaining part of 2017.

WWL ASA in brief