Financial key figures

A B C D E F G H
Grieg Star Group – Key Figures in USD
USD million Figures in 2012 2011 2010 2009* 2008 2007
From Profit and Loss Statement
Gross Revenue Mill. USD 642 759 686 560 208 204
EBITDA Mill. USD 67 72 96 50 134 138
EBIT (operating result) Mill. USD 25 26 59 20 114 117
Profit / (loss) before tax Mill. USD 27 5 62 23 -36 -1
Profit / (loss) after tax Mill. USD 27 4 61 43 78 116
From Balance Sheet
Ships and other fixed assets Mill. USD 890 771 783 619 481 455
Total assets Mill. USD 1182 1071 1108 969 811 800
Cash and liquid assets Mill. USD 229 227 270 285 284 331
Total book equity Mill. USD 510 494 502 483 442 377
Interest bearing debt Mill. USD 568 463 474 386 273 233
Total liabilities Mill. USD 672 576 605 486 370 424
Profitability and Financial Ratios
Return on equity % 6% 1% 13% 9% 19% 30%
Cash flow Mill. USD 0 -9 10 73 98 136
NIBD/EBITDA Ratio 1.9 1.6 1.1 0.3 -0.5 -1.1
Equity ratio % 43% 46% 45% 50% 55% 47%
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Fleet
Average number of ships operated 44 48 45 n.a. n.a. n.a.
– Open Hatch 32 31 30 n.a. n.a. n.a.
– Dry Bulk 13 17 15 n.a. n.a. n.a.
USD/NOK per 31.12 5.57 5.99 5.79 5.78 7.00 5.41
Average USD/NOK 5.82 5.61 6.05 6.28 5.64 5.86
*During 2009, the Grieg Shipping Group was reorganized. The 2009 USD key figures are pro forma figures. Ref. further description in the Annual Accounts.
Definitions
EBITDA: Operating result before depreciation and amortisation
Return on Equity: Net result divided by average book shareholder’s equity
Cash flow: Net cash flow from operating activities, investments and financing activities
Cash and liquid assets: Bank deposits and securities
Equity ratio: Shareholder’s book equity as percentage of total assets
NIBD: Net Interest Bearing Debt
NIBD/EBITDA: Adjusted for debt related to newbuildings, i.e. debt accumulated on vessels under construction or on vessels delivered during the year.