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KEY FIGURES

IFRS
IFRS
IFRS
NGAAP
USD million
2006
2005
2004
2003
2002
2001
2000
Revenue   206.6 185.2 148.6 209.4
189.0
203.9 155.5
EBITDA   34.6 46.3 24.9 24.4
25.8
33.9 24.4
EBIT   21.1 34.4 12.3 9.7
13.8
17.5 7.9
Result before tax and variance on derivative   10.1 28.9 4.1 20.3
4.8
10.4 1.5
           
   
Total Assets   334.0 289.3 207.0 224.9
193.6
185.5 177.2
Liquid assets   81.2 83.0 19.8 39.2
32.4
35.6 14.7
Equity at book value   111.0 86.9 83.6 72.0
71.3
66.5 74
Net debt   78.7 83.4 76.5 91.1
64.0
55.8 63.8
Net interest-bearing debt   112.2 89.8 86.1 92.2
68.5
60.0 71.3
Dividend paid   1.3 17.4 5.8 16.7
5.5
4.6 1.3
Buy-back of shares / convertible bonds   4.6 3.3 10.2 0.0
0.7
2.8 2.1
           
   
Current ratio 1)   493 % 460 % 239 % 287 %
273 %
271 % 229 %
Equity ratio 2)   33.0 % 30.0 % 40.0 % 32.0 %
36.8 %
35.8 % 41.8 %
Interest coverage ratio 3)   3.50 5.16 2.68 3.3
5.42
6.57 3.62
EBITDA ratio 4)   16.7 % 25.0 % 17.0 % 11.6 %
13.5 %
16.4 % 15.3 %
           
   
Key Figures per share:          
   
Market value end of period NOK 44.00 58.75 38.50 35.50 18.75 18.38 16.25
Pre-tax earnings 5) USD 0.41 0.84 0.18 0.93 0.22 0.46 0.07
Price/earnings ratio 6)   17.09 10.44 35.83 5.70 12.35 4.41 28.20
Dividend paid NOK 0.00 4.38 1.75 5.00 1.75 1.88 0.50
EBITDA USD 1.28 1.88 1.09 1.11 1.17 1.51 1.02
EBIT USD 0.78 1.39 0.54 0.45 0.62 0.78 0.33
Equity at book value USD 3.87 3.24 3.37 3.13 3.25 3.00 3.13
                 
No. of shares (excl. treasury shares) end of period   27 186 590 25 553 260 23 909 240 21 975 920 21 907 188 22 200 388 23 649 188
Average number of shares   26 980 745 24 721 404 22 953 448 21 994 172 22 180 296 22 436 788 23 837 856
                 
Definitions
1 Current assets divided by current liabilities
2 Book equity divided by total assets
3 EBITDA divided by net interest expenses
4 EBITDA in percent of gross freight revenues
5 Pre-tax earnings divided by average number of outstanding shares
6 Market value per share divided by pre-tax earnings
4-for-1 split of the IMSK share effective on 2 March 2006. Historic numbers are adjusted accordingly.ordingly.

 
 
 
 
 
 
I.M. Skaugen - Annual Report 2003