Telenor's annual reporting 2007Annual review 2007



Consolidated Income Statement

Telenor Group 1 January – 31 December

NOK in millions, except per share amounts Note 2007 2006 (unaudited) 2005
Revenues 2 92 473 91 077 66 566
Operating expenses
Costs of materials and traffic charges 4 25 965 22 605 16 432
Own work capitalised 5 (651) (611) (704)
Salaries and personnel costs 6, 7 12 474 11 738 9 917
Other operating expenses 8 25 701 24 353 17 391
Other (income) and expenses 9 (273) 305 228
Depreciation and amortisation 14 13 958 14 721 11 281
Impairment losses 14, 15 314 258 583
Operating profit 14 985 17 708 11 438
Associated companies 17 6 462 2 353 1 227
Financial income and expenses
Financial income 12 568 903 440
Financial expenses 12 (2 690) (2 306) (1 636)
Net currency gains (losses) 12 (208) (301) 89
Net change in fair value of financial instruments held for trading 12 845 1 293 243
Net gains (losses and impairment losses) of financial items 12 9 1 878 518
Net financial items 12 (1 476) 1 467 (346)
Profit before taxes 19 971 21 528 12 319
Taxes 13 (2 168) (3 148) (3 370)
Profit from continuing operations 17 803 18 380 8 949
Profit (loss) from discontinued operations 35 1 400 155 185
Net income 19 203 18 535 9 134
Net income attributable to:
Non-controlling interests (Minority interests) 1 187 2 615 1 488
Equity holders of Telenor ASA 18 016 15 920 7 646
Earnings per share in NOK
From continuing operations
Basic 24 9.89 9.35 4.36
Diluted 24 9.88 9.35 4.36
From total operations
Basic 24 10.72 9.44 4.47
Diluted 24 10.71 9.44 4.47