ANNUAL REPORT 2011 - DONG Energy

PeRfoRMance hIghlIghts, FINANCIAL
Revenue, DKK billion
70
60
50
40
30
20
10
0
2007
2008
2009
2010
2011
Profit, DKK billion
14
12
10
8
6
4
2
0
DKK million Eur million
2011 2010 2009 2008 2007 2011 2010
BusinEss pErfOrmanCE
statement of comprehensive income
Revenue: 56,842 54,616 49,569 60,642 41,342 7,630 7,333
Exploration & Production 10,469 8,264 6,416 7,322 4,486 1,405 1,109
Wind Power 4,312 2,952 1,676 1,453 1,201 579 397
Thermal Power 10,665 11,731 10,855 13,800 11,130 1,431 1,575
Energy Markets 33,689 31,516 28,889 37,357 20,263 4,522 4,232
Sales & Distribution 13,009 14,185 13,386 15,595 14,551 1,746 1,905
Other activities/eliminations (15,302) (14,032) (11,653) (14,885) (10,289) (2,053) (1,884)
EBITDA: 13,770 14,135 9,311 13,428 9,323 1,848 1,898
Exploration & Production 5,684 5,051 3,264 4,261 2,366 763 678
Wind Power 1,799 1,730 609 677 605 241 233
Thermal Power 2,255 2,228 388 2,388 3,096 303 299
Energy Markets 1,963 2,959 2,735 4,352 1,583 263 398
Sales & Distribution 2,027 2,036 2,239 1,827 1,961 272 273
Other activities/eliminations 42 131 76 (77) (288) 6 18
EBITDA adjusted for special hydrocarbon tax 12,254 13,118 8,842 12,681 9,301 1,644 1,761
EBIT 6,100 8,120 4,228 7,809 4,500 818 1,090
Adjusted operating profi t 4,444 6,985 3,658 6,842 4,314 596 938
Profi t for the year 2,882 4,499 1,492 4,669 3,046 386 604
Key ratios
Financial gearing x 0.41 0.43 0.60 0.33 0.35 0.41 0.43
Adjusted net debt / EBITDA
Adjusted net debt / Cash fl ows from
x 1.9 1.9 3.3 1.4 2.0 1.9 1.9
operating activities x 2.0 1.8 3.3 1.9 2.1 2.0 1.8
Return on capital employed (ROCE) % 5.7 9.6 5.5 11.6 7.4 5.7 9.6
Adjusted return on capital employed % 9.2 15.1 7.7 16.1 10.1 9.2 15.1
ifrs
statement of comprehensive income
Revenue1 : 58,437 54,598 49,262 60,777 41,625 7,845 7,331
Exploration & Production 9,931 8,224 6,579 7,114 4,409 1,333 1,104
Wind Power 4,520 2,947 1,676 1,453 1,201 607 396
Thermal Power 10,231 11,330 10,818 13,890 11,198 1,373 1,521
Energy Markets 36,211 31,764 28,201 38,087 20,262 4,861 4,265
Sales & Distribution 13,178 14,185 13,386 15,595 14,552 1,769 1,905
Other activities/eliminations (15,634) (13,852) (11,398) (15,362) (9,996) (2,098) (1,860)
4
manaGEmEnt’s rEviEw – DONG ENERGY GROUP ANNUAL ANNUAL REPORT REPORT 2011 2011
Profit after tax EBITDA
Likvider
Bindende lånefaciliteter
2007
2008
2009
2010
2011
EBITDA
Resultat efter s