Statements of Income - I.M. Skaugen SE Group

USD ‘000 Notes 2007 2006 2005
Gross freight revenue       190 280 193 237 185 284
Operating revenue construction services 14      45 857 13 412 (70)
Revenue   236 137 206 649 185 214
         
Voyage-related expenses incl. marketing 7     (55 678) (52 969) (45 475)
Time-charter hire       (54 941) (63 763) (55 950)
Cost of goods sold construction services 14     (34 715) (13 397) (325)
Salaries and social expenses 7     (21 913) (19 317) (15 100)
Depreciation and amortisation 13     (12 495) (13 532) (11 937)
Gains from sale of fixed assets          4 287 0 0
Other operating expenses vessels 7     (23 007) (17 287) (16 081)
Other operating expenses/administration costs         (5 720) (5 276) (5 926)
Operating profit   31 955 21 108 34 420
         
Result from investments in associates 9           204 383 54
Financial revenue 7        4 182 5 490 5 610
Financial expenses 7     (15 512) (16 053) (19 410)
Net result before taxes   20 829 10 928 20 674
Taxes 22       (4 167) (292) (167)
Net result for the year   16 662 10 636 20 507
         
Minority interests          1 877           953        1 067
Majority interests        14 785        9 683      19 440
         
Earnings per share (USD) 23 0.54 0.36 0.79
Diluted earnings per share (USD) 23 0.54 0.33 1.00