Key figures
Group Key Figures 2007-2011
| Amounts in USD thousand | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue* | 145,162 | 104,845 | 29,960 | 45,303 | 37,084 |
| Time charter equivalent revenue (TCE revenue)* | 98,612 | 72,319 | 29,960 | 45,303 | 37,084 |
| EBITDA | 8,654 | 3,518 | 7,359 | 39,208 | 34,220 |
| Operating result (EBIT) | -20,524 | -27,572 | -88,544 | 20,227 | 26,079 |
| Net financials | -11,284 | -341 | -5,980 | -12,017 | -7,355 |
| Result | -31,858 | -28,054 | -94,552 | 4,607 | 21,622 |
| Comprehensive income | -34,951 | -26,223 | -94,368 | 2,714 | 29,854 |
| Balance sheet and cash-flow data | |||||
| Invested capital | 295,485 | 279,836 | 207,786 | 223,982 | 244,825 |
| Net working capital (NWC) | 9,382 | 9,282 | 841 | -2,588 | 1,702 |
| Equity | 24,713 | 58,624 | 20,557 | 115,254 | 112,538 |
| Balance sheet total | 329,534 | 311,336 | 220,705 | 245,526 | 259,793 |
| Investments in property, plant and equipment **** | 2,647 | 7,248 | 96,034 | 51,991 | 63,598 |
| Net interest bearing debt | 270,966 | 221,282 | 187,350 | 105,461 | 128,891 |
| Cash flow from operating activities | -4,367 | -5,840 | -5,353 | 10,157 | 15,396 |
| Cash flow of the year | -3,814 | 15,469 | -9,493 | 1,843 | 4,644 |
| Financial Ratios | |||||
| EBITDA margin (%)** | 8.8% | 4.9% | 24.6% | 86.5% | 92.3% |
| Net result margin (%)** | -32.3% | -38.8% | -315.6% | 10.2% | 58.3% |
| Equity ratio (%) ***** | 7.5% | 18.5% | 9.3% | 46.9% | 43.3% |
| Return on invested capital (%)** | -6.9% | -9.9% | -42.6% | 9.0% | 10.7% |
| Return on equity (%)** | -128.9% | -47.9% | -460.0% | 4.0% | 19.2% |
| Financial gearing | 10.96 | 3.77 | 9.11 | 0.92 | 1.15 |
| Net working capital/revenue | 6.4% | 4.8% | -2.9% | -1.0% | 6.1% |
| Key figures per share | |||||
| Earnings per share USD | -0.82 | -0.99 | -13.21 | 0.64 | 3.29 |
| Net asset value per share USD, year end | 0.63 | 1.53 | 2.90 | 16.10 | 15.70 |
| Market price per share DKK, year end | 2.21 | 7.15 | 26.00 | 40.00 | 103.00 |
| Market price per share USD, year end | 0.38 | 1.27 | 5.01 | 7.57 | 20.05 |
| Exchange rate USD/DKK, year end | 5.75 | 5.61 | 5.19 | 5.28 | 5.14 |
| Average number of full time employees*** | 169 | 145 | 2 | 2 | 2 |
| Average number of shares | 38,745,951 | 28,157,163 | 7,180,000 | 7,180,000 | 4,386,396 |
| Number of shares, year end | 38,946,697 | 37,764,888 | 7,180,000 | 7,180,000 | 7,180,000 |
Unless otherwise stated, key figures and ratios have been calculated in accordance with the standards laid down by the Danish Society of Financial Analysts in "Recommendations & Financial Ratios 2010".
* From 2010 revenue and TCE revenue are different, due to the change in scope of the Company's operations.
** The key figures have not been calculated in accordance with the recommendations. The definition and calculation formulas can be found on page 82 of the Annual Report.
*** Includes 27 seafarers (22).
**** Exclusive acquisitions.
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