STATEMENT OF PROFIT AND LOSS
Telenor ASA 1 January–31 December

In NOK millions	Note	2003	2002	2001
Revenues		582	605	270
Gains on disposal of operations		-	63	5,158
Total revenues		582	668	5,428
Operating expenses
Salaries and personnel costs	2, 3	358	350	148
Other operating expenses	4	792	671	381
Losses on disposal of operations	5	-	1,390	-
Depreciation and amortization		55	39	6
Total operating expenses		1,205	2,450	535
Operating profit (loss)		(623)	(1,782)	4,893
Net financial items	6	6,508	(3,494)	5,954
Profit (loss) before taxes		5,885	(5,276)	10,847
Taxes	7	(770)	2,650	(4,947)
Net income (loss)		5,115	(2,626)	5,900
Proposed dividends		1,776	799	621
Group contribution distributed, net after taxes		-	137	9,363