KEY FIGURES

NOK in millions except net income per share

Profit and loss	2003	2002	2001	2000	1999
Revenues	52,889	48,668	40,604	36,530	32,784
Gains on disposal of fixed assets and operations	232	158	5,436	1,042	783
Total revenues	53,121	48,826	46,040	37,572	33,567
Operating expenses	45,561	49,146	42,863	33,943	29,565
Operating profit (loss)	7,560	(320)	3,177	3,629	4,002
Associated companies	1,231	(2,450)	8,237	(692)	(1,239)
Net income (loss)	4,560	(4,298)	7,079	1,076	2,035
Net income (loss) per share in NOK – basic	2.57	(2.42)	3.99	0.75	1.45
US GAAP
Revenues	52,826	47,879	40,581	36,481	32,716
Net income (loss)	5,036	(3,658)	7,004	1,082	2,188
Net income (loss) per share in NOK – basic	2.84	(2.06)	3.95	0.76	1.56
Balance at 31 December	2003	2002	2001	2000	1999
Total fixed assets	68,346	74,162	66,095	80,881	37,617
Total current assets	17,764	15,296	16,528	12,804	10,409
Total assets	86,110	89,458	82,623	93,685	48,026
Shareholder’s equity	37,237	33,685	42,144	35,474	20,033
Minority interests	3,646	3,603	3,539	2,706	1,232
Total equity and minority interests	40,883	37,288	45,683	38,180	21,265
Total long-term liabilities and provisions	27,775	30,454	19,646	42,908	15,962
Total short-term liabilities	17,452	21,716	17,294	12,597	10,799
Total liabilities	45,227	52,170	36,940	55,505	26,761
Total liabilities	86,110	89,458	82,623	93,685	48,026
US GAAP
Total assets	101,088	97,511	90,129	99,776	53,787
Total long-term interest-bearing liabilities	34,782	33,957	24,758	46,972	19,252
Shareholder’s equity	42,535	35,799	42,944	36,304	21,035
Cash flow and other key figures	2003	2002	2001	2000	1999
Net cash flow from operating activities	13,676	12,858	6,993	5,915	7,052
Net cash flow from investment activities	(3,454)	(21,727)	20,891	(47,308)	(8,887)
Net cash flow from financing activities	(7,887)	8,641	(24,366)	41,558	2,914
Investments:
– Capex 1)	6,454	8,889	11,634	10,421	6,415
– Investments in activities 2)	563	12,411	7,212	40,251	6,755
EBITDA 3)	18,302	13,469	14,250	9,563	9,049
1) Capex is investments in tangible and intangible assets 2) Consists of acquisitions of shares and paticipations including acquisition of subsidiaries and businesses not organized as separate companies 3) Operating profit before depreciation, amortization and write-downs