Telenor's annual reporting 2006 Annual review 2006



Consolidated Income Statement

Telenor Group 1 January – 31 December
  2006  
NOK in millions, except per share amounts Note Unaudited
Group		 Unaudited
Kyivstar		 Group excl.
Kyivstar		 2005 2004
Revenues 2 91 077 10 956 80 121 66 566 58 265
Operating expenses
Costs of materials and traffic charges 4 22 605 1 466 21 139 16 432 14 710
Own work capitalized 5 (611) (14) (597) (704) (557)
Salaries and personnel costs 6, 7 11 738 569 11 169 9 917 9 659
Other operating expenses 8 24 353 2 405 21 948 17 391 13 644
Other (income) and expenses 9 305 14 291 228 (158)
Depreciation and amortization 15 14 721 1 585 13 136 11 281 10 366
Write-downs 15, 17 258 31 227 583 3 527
Operating profit 17 708 4 900 12 808 11 438 7 074
Associated companies 18 2 353 - 2 353 1 227 975
Financial income and expenses
Financial income 903 146 757 440 455
Financial expenses (2 306) (312) (1 994) (1 636) (1 558)
Net currency gains (losses) (301) 3 (304) 89 (84)
Change in fair value of financial instruments 1 293 (31) 1 324 243 -
Net gains (losses and write-downs) of financial items 1 878 - 1 878 518 2 673
Net financial items 13 1 467 (194) 1 661 (346) 1 486
Profit before taxes 21 528 4 706 16 822 12 319 9 535
Taxes 14 (3 148) (1 266) (1 882) (3 370) (2 371)
Profit from continuing operations 18 380 3 440 14 940 8 949 7 164
Profit (loss) from discontinued operations 36 155 - 155 185 249
Profit from total operations 18 535 3 440 15 095 9 134 7 413
Attributable to:
Non-controlling interests (Minority interests) 2 615 1 518 1 097 1 488 1 320
Equity holders of Telenor ASA (Net income) 15 920 1 922 13 998 7 646 6 093
Earnings per share in NOK
From continuing operations
Basic 25 9.35 1.14 8.21 4.36 3.34
Diluted 25 9.35 1.14 8.21 4.36 3.34
From total operations
Basic 25 9.44 1.14 8.30 4.47 3.49
Diluted 25 9.44 1.14 8.30 4.47 3.48