Statement of Profit and Loss
Telenor ASA 1 January–31 December

NOK in millions Note 2005 2004
       
Revenues 681 683
       
Operating expenses
Cost of materials (16) (14)
Salaries and personnel costs 2, 3 (603) (627)
Other operating expenses 4 (758) (685)
Depreciation and amortization (50) (60)
Total operating expenses (1 427) (1 386)
       
Operating (loss) (746) (703)
       
Financial income 6 5 711 5 707
Financial expenses 6 (1 509) (1 519)
Net currency gain (loss) 6 158 (70)
Net gain (loss and write-down) of financial assets 6 (672) 2 171
Net financial items 3 688 6 289
       
Profit before taxes 2 942 5 586
       
Taxes 7 (754) (917)
Net income 2 188 4 669
       
Proposed dividends 3 387 2 603

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