Annual Report

Note 7 – Segment information
2009
Amounts in USD 1 000 Norway Cyprus Angola Scotland
Unallocated/
eliminated
Total
Sales 2 760 68 448 35 870 2 753 -9 178 100 654
Cost of sales 0 43 784 30 731 1 404 -6 419 69 500
Employee benefit expenses 4 834 394 298 1 472 0 6 998
Other operating expenses 6 503 13 323 1 532 935 -3 707 18 586
Depreciation and amortisation 82 9 134 85 1 947 2 257
Total operating expenses 11 420 57 510 32 696 3 896 -8 179 97 342
Net operating profit (loss) -8 660 10 939 3 175 -1 143 -999 3 312
Share of loss of assosiates 0 -1 556 0 0 0 -1 556
Net financial income (loss) -20 342 -35 158 -261 25 12 837 -42 898
Net profit (loss) before income tax -29 002 -25 775 2 913 -1 117 11 838 -41 142
Income tax expense -4 169 4 254 1 156 0 -754 488
Net profit (loss) -24 833 -30 029 1 757 -1 117 12 592 -41 629
2008
Amounts in USD 1 000 Norway Cyprus Angola Scotland
Unallocated/
eliminated
Total
Sales 2 575 51 720 14 393 3 798 -9 024 63 463
Cost of sales 0 11 493 4 688 1 670 0 17 850
Employee benefit expenses 3 746 0 93 1 179 2 5 020
Other operating expenses 5 328 12 369 8 075 1 145 -2 171 24 745
Depreciation and amortisation 51 0 109 50 289 499
Total operating expenses 9 125 23 862 12 965 4 044 -1 881 48 114
Net operating profit (loss) -6 550 27 858 1 429 -245 -7 143 15 349
Share of loss of assosiates 0 -9 0 0 0 -9
Net financial income (loss) 35 291 -42 655 -30 22 17 156 9 784
Net profit (loss) before income tax 28 741 -14 806 1 398 -223 10 014 25 124
Income tax expense 4 169 1 053 530 0 -607 5 145
Net profit (loss) 24 572 -15 857 869 -223 10 621 19 979
36 Marine Subsea Annual Report 2009