Report for the first quarter of 2003 - DNO ASA

Key figures for the first quarter of 2003:
 
(NOK million)
1st quarter 2003
1st quarter 2002
Profit and loss statement:
 
 
Operating revenues
579.7
368.4
Operating expenses
307.8
275.7
Operating profit
271.9
92.7
Result, associated companies
-
-3.9
Net financial items
27.1
-13.3
Profit before taxes
299.0
75.5
Taxes
-190.6
-51.0
Net profit
108.4
24.5
EBITDA
354.9
190.7
Earnings per share, in NOK
2.04
0.49
 
 
 
Balance sheet:
1st quarter 2003
1st quarter 2002
Fixed assets
1 830.2
2 076.1
Current assets
541.3
400.5
Total assets
2 371.5
2 476.5
Shareholders' equity
1 020.7
961.6
Total long-term liabilities
961.7
1 291.5
Current liabilities
389.0
223.4
Total shareholders' equity and liabilities
2 371.5
2 476.5
 
Reference is also made to the company's interim report for the first quarter of 2003.