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TEL - Consolidated Financial Statements 2002

Press release
Fornebu
4 minute read
Press Release
The board of directors of Telenor today approved the financial statements for 2002. As announced in the preliminary financial statements for 2002, excess values have been re-allocated for subsidiaries acquired in 2002. Telenor has also decided to write down the remaining book value of the shares in Sponsor Service ASA and reversed the provisions from the settlement with NetCom. The following changes were made compared to the preliminary financial statements decided by the Board of directors on 12. February 2003:

NOK (million)

Preliminary

Final

Financial statements

Change

Financial statements

Operating loss

(221)

(99)

(320)

Net Financial Items

(2,356)

(10)

(2,366)

Profit before taxes and minority interests

(5,027)

(109)

(5,136)

Taxes

471

9

480

Minority Interests

343

15

358

Net Income

(4,213)

(85)

(4,298)

Earnings pr share (basic and diluted)

(2.374)

(0.048)

(2.422)

The annual report will be made public in the beginning of April.