Key Figures
The table below contains key figures for the fourth quarter and full year of 2011, compared to the previous year.
| (NOK in millions except earnings per share) | 2011 | 2010 | 2011 | 2010 |
| Revenues | 25 433 | 24 858 | 98 516 | 94 843 |
| EBITDA before other income and expenses | 7 417 | 7 179 | 30 526 | 29 220 |
| EBITDA margin before other income and expenses (%) | 29.2 | 28.9 | 31.0 | 30.8 |
| Adjusted operating profit 1 | 3 533 | 3 034 | 15 217 | 13 086 |
| Adjusted operating profit/Revenues (%) | 13.9 | 12.2 | 15.4 | 13.8 |
| Profit after taxes and non-controlling interests 2 | (1 937) | 2 103 | 7 937 | 14 333 |
| Earnings per share from total operations, basic, in NOK | (1.19) | 1.29 | 4.89 | 8.69 |
| Capex 3 | 3 823 | 3 783 | 11 907 | 11 688 |
| Capex excl. licences and spectrum | 3 638 | 3 783 | 11 441 | 11 355 |
| Capex excl. licences and spectrum/Revenues (%) | 14.3 | 15.2 | 11.6 | 12.0 |
| Operating cash flow 4 | 3 780 | 3 395 | 19 085 | 17 865 |
| Net interest-bearing liabilities | 18 222 | 19 276 | ||
1 Adjusted operating profit is defined as operating profit less other items and impairment losses.
2 As of the first quarter 2010, figures for OJSC VimpelCom and Kyivstar were included with a one quarter lag.
3 Capex is defined as capital expenditures from continuing operations.
4 Operating cash flow is defined as EBITDA before other income and expenses - Capex, excluding licenses and spectrum.