ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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notes<br />
03 Segment information<br />
activities <strong>2011</strong> – continued<br />
DKK million Reportable<br />
segments<br />
External revenue 56,908 (66) - 56,842 1,595 58,437<br />
Intragroup revenue 15,236 2,261 (17,497) 0 - 0<br />
revenue 72,144 2,195 (17,497) 56,842 1,595 58,437<br />
EBitDa 13,728 42 - 13,770 1,825 15,595<br />
Depreciation and amortisation (6,754) (98) - (6,852) - (6,852)<br />
Impairment losses (818) - - (818) - (818)<br />
Operating profi t (EBit) 6,156 (56) 0 6,100 1,825 7,925<br />
adjusted operating profi t 4,544 (100) 0 4,444 1,825 6,269<br />
DKK million Exploration &<br />
Production<br />
Wind Power<br />
Thermal Power<br />
Net working capital, external<br />
transactions (951) (2,767) 299 2,717 965 263 (463) 19 (181)<br />
Net working capital, intragroup<br />
transactions 808 (53) (199) (175) (698) (317) 336 (19) 0<br />
net working capital (143) (2,820) 100 2,542 267 (54) (127) 0 (181)<br />
Gross investments (5,626) (10,872) (714) (333) (810) (18,355) (96) - (18,451)<br />
Segment assets 33,087 48,027 33,155 32,625 22,197 169,091 78,275 (93,493) 153,873<br />
Capital employed 18,186 29,443 17,882 6,553 10,944 83,008 (1,653) - 81,355<br />
Adjusted capital employed 1 7,859 13,733 13,785 6,420 9,967 51,764 (1,574) - 50,190<br />
1 Adjusted capital employed is defi ned as capital employed less property, plant and equipment under construction and exploration assets, and less<br />
production assets transferred from property, plant and equipment under construction in the past six months.<br />
Oil and gas exploration expenditure of DKK 997 million has<br />
been recognised in Exploration & Production. Oil and gas exploration<br />
assets and liabilities amounted to DKK 2,758 million<br />
and<br />
Other activities<br />
<strong>Energy</strong> Markets<br />
Sales &<br />
Distribution<br />
74 78 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><br />
Eliminations<br />
Reportable<br />
segments<br />
Business<br />
performance<br />
Other activities<br />
Adjustments<br />
Eliminations<br />
IfRs<br />
IfRs<br />
DKK 395 million respectively on 31 December <strong>2011</strong>. Operating<br />
and investing cash fl ows arising from oil and gas exploration<br />
absorbed DKK 2,108 million and DKK 984 million respectively.
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