ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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consolIdated STATEMENT OF COMPREHENSIVE INCOME<br />
Year ended 31 December<br />
DKK million Note<br />
Business<br />
perfor mance<br />
<strong>2011</strong> 2010<br />
adjustments<br />
IfRs<br />
Business<br />
perfor mance<br />
adjustments<br />
ifrs<br />
Revenue 3, 4, 10 56,842 1,595 58,437 54,616 (18) 54,598<br />
Fuel and energy 5 (31,605) 230 (31,375) (31,408) (28) (31,436)<br />
Other external expenses 7, 8 (7,884) - (7,884) (6,365) - (6,365)<br />
Staff costs 6 (3,593) - (3,593) (2,946) - (2,946)<br />
Other operating income 9, 10 280 - 280 295 - 295<br />
Other operating expenses 9 (270) - (270) (57) - (57)<br />
Operating profi t before depreciation,<br />
amortisation and impairment losses<br />
(EBitDa) 13,770 1,825 15,595 14,135 (46) 14,089<br />
Depreciation, amortisation and impairment<br />
losses on intangible assets and property,<br />
plant and equipment 3, 15, 16 (7,670) - (7,670) (6,015) - (6,015)<br />
Operating profi t (EBit) 6,100 1,825 7,925 8,120 (46) 8,074<br />
Gain on disposal of enterprises 29 225 - 225 905 - 905<br />
Share of profi t of associates 17 36 - 36 77 - 77<br />
Finance income 11 5,811 - 5,811 3,407 - 3,407<br />
Finance costs 12 (6,093) - (6,093) (5,002) - (5,002)<br />
profi t before tax 6,079 1,825 7,904 7,507 (46) 7,461<br />
Income tax expense 13 (3,197) (457) (3,654) (3,008) 11 (2,997)<br />
profi t for the year 2,882 1,368 4,250 4,499 (35) 4,464<br />
Other comprehensive income<br />
Value adjustments for the year (912) (979)<br />
Value adjustments transferred to revenue<br />
Value adjustments transferred to fuel and<br />
300 (1,052)<br />
energy (88) (128)<br />
Value adjustments transferred to net fi nance<br />
costs 147 7<br />
Value adjustments transferred to inventories - (204)<br />
Tax on value adjustments of hedging<br />
instruments 127 599<br />
Foreign exchange adjustments, foreign<br />
enterprises 463 716<br />
Foreign exchange adjustments, equity-like<br />
loans, etc. (216) 36<br />
Tax on foreign exchange adjustments, equitylike<br />
loans, etc. 42 (9)<br />
Other comprehensive income (137) (1,014)<br />
total comprehensive income 4,113 3,450<br />
60 64 COnsOliDatED finanCial statEmEnts – <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>REPORT</strong> <strong>2011</strong><br />
<strong>2011</strong>