Telenor's annual reporting 2008

Consolidated Income Statement

Telenor Group 1 January – 31 December

NOK in millions, except earnings per share amounts Note 2009 2008




Revenues 6 97 650 96 167




Operating expenses


Costs of materials and traffic charges 7 (25 223) (25 312)
Salaries and personnel costs 8 (13 460) (13 335)
Other operating expenses 9, 11 (27 277) (27 087)
Other income and expenses 10 (771) (624)
Depreciation and amortisation 12 (15 317) (14 088)
Impairment losses 12 (2 280) (13)
Operating profit
13 321 15 708




Profit from associated companies 21 3 667 6 836




Financial income and expenses


Financial income 13 604 704
Financial expenses 13 (2 696) (3 003)
Net currency gains (losses) 13 (443) (426)
Net change in fair value of financial instruments at fair value through profit or loss 13 433 (452)
Net gains (losses and impairment) of financial assets and liabilities 13 (83) 5
Net financial income (expenses) 13 (2 184) (3 172)




Profit before taxes
14 804 19 372




Income taxes 14 (4 290) (4 329)
Profit from continuing operations
10 514 15 043




Loss after taxes from discontinued operations 15 (410) (233)
Net income
10 104 14 810




Net income attributable to:


Non-controlling interests (minority interests)
1 451 1 745
Equity holders of Telenor ASA
8 653 13 065




Earnings per share in NOK from continuing operations:


Basic 16 5.47 7.97
Diluted 16 5.47 7.96
From total operations:


Basic 16 5.22 7.83
Diluted 16 5.22 7.82