Key Figures

The table below contains key figures for the fourth quarter and the full year of 2014, compared to the previous year.

4Q 4Q Year Year
(NOK in millions except earnings per share) 2014 2013 2014 2013
Revenues 29 101 26 333 106 540 99 138
EBITDA before other income and expenses 9 091 8 738 37 681 34 768
EBITDA margin before other income and expenses (%) 31.2 33.2 35.4 35.1
Adjusted operating profit[1] 5 087 5 402 22 926 21 803
Adjusted operating profit/Revenues (%) 17.5 20.5 21.5 22.0
Profit after taxes and non-controlling interests 1 765 (2 019) 10 346 8 748
Earnings per share from total operations, basic, in NOK 1,18 (1,34) 6,88 5,74
Capex 6 602 4 994 22 527 16 610
Capex excl. licences and spectrum 5 636 4 468 16 870 14 224
Capex excl. licences and spectrum/Revenues (%) 19.4 17.0 15.8 14.3
Operating cash flow [2] 3 455 4 271 20 811 20 544
Net interest-bearing liabilities [3] 47 126 39 395

1) Adjusted operating profit is defined as Operating profit less other income and expenses and impairment losses.

2) Operating cash flow is defined as EBITDA before other income and expenses – Capex, excluding licences and spectrum.

3) Net interest-bearing liabilities are defined as net interest-bearing debt excluding net present value of licence liabilities.

Telenor Denmark is classified as discontinued operation. Historical Group income statement is restated accordingly.

For more information please refer to the quarterly report
Read about Telenor at a Glance