Proportionate Financials
HISTORICAL PRPORTIONATE FINANCIALS WITH 2016-2019 SEGMENT STRUCTURE PROPORTIONATE FINANCIALS WITH NEW SEGMENT STRUCTURE
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2019 restated Q2 2019 restated Q3 2019 restated Q4 2019 restated Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
GROUP PROPORTIONATE* FINANCIALS No change in total group proportionate in restated segment financials for 2019
NOK MILLION
External revenues 103 116 150 130 125 143 139 126 126 142 146 169 197 260 343 365 197 260 343 365 391 467 463 406 925 978 1,133
Internal revenues 273 322 59 17 19 24 411 321 446 1,086 1,113 1,497 1,331 1,388 1,179 1,278 1,331 1,388 1,179 1,278 475 458 93 92 85 123 121
Net gain/(loss) from sale of project assets 0 1 - 0 7 - 0 - 0 375 3 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 - -
Net income/(loss) from associated companies -1 -2 -0 -0 -0 -0 -0 -5 - 0 - 0 - 0 -0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 - -
Total revenues and other income 375 437 209 153 144 167 924 444 572 1,229 1,259 1,666 1,528 1,648 1,522 1,642 1,528 1,648 1,522 1,642 866 925 556 497 1,010 1,101 1,254
Cost of sales -228 -275 -37 -0 - 0 - 0 -356 -256 -376 -878 -917 -1,233 -1,112 -1,149 -958 -1,056 -1,112 -1,149 -958 -1,056 -368 -330 -25 -40 -103 -204 -170
Gross profit* 148 162 172 152 144 167 569 188 196 351 342 432 417 500 565 586 417 500 565 586 497 596 530 457 906 897 1,084
Personnel expenses -23 -24 -21 -19 -24 -27 -27 -30 -32 -35 -31 -39 -39 -38 -44 -52 -39 -38 -44 -52 -56 -61 -71 -71 -99 -112 -106
Other operating expenses -41 -39 -41 -51 -33 -40 -41 -52 -55 -50 -54 -64 -62 -73 -87 -100 -62 -73 -87 -100 -95 -119 -140 -163 -172 -184 -211
EBITDA* 83 100 111 83 87 100 500 106 109 266 257 329 315 388 433 434 315 388 433 434 346 417 319 223 636 601 767
Depreciation, amortisation and impairment -44 -44 -48 -94 -40 -42 -39 -39 -38 -40 -57 -53 -82 -90 -116 -171 -82 -90 -116 -171 -140 -155 -161 -160 -230 -236 -331
Operating profit (EBIT) 40 55 63 -11 47 57 461 66 71 226 200 276 233 298 317 263 233 298 317 263 206 262 159 63 406 364 436
POWER PRODUCTION PROPORTIONATE FINANCIALS Q1 2019 restated Q2 2019 restated Q3 2019 restated Q4 2019 restated Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
NOK MILLION
External revenues 103 116 150 130 125 143 139 126 126 142 146 169 197 258 343 365 197 258 343 365 391 458 457 402 924 969 1,130
Internal revenues 2 2 2 6 11 7 9 11 12 14 14 14 - 0 - 0 - 0 - 0 - - 0 - - 0 - 0 - 0 -
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - 0 - 0 - 0 - - 0 - - 0 - 0 - 0 -
Net income/(loss) from JV and associates - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - 0 - 0 - 0 - - 0 - - 0 - 0 - 0 -
Total revenues and other income 103 116 150 130 127 145 141 131 137 150 155 180 208 272 357 379 197 258 343 365 391 458 457 402 924 969 1,130
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 -79 -161 -132
Gross profit 103 116 150 130 127 145 141 131 137 150 155 180 208 271 357 379 197 258 343 365 391 458 457 402 844 808 999
Personnel expenses -3 -3 -3 -3 -4 -4 -4 -4 -4 -4 -3 -6 -7 -8 -9 -9 -5 -5 -5 -6 -5 -5 -9 -8 -24 -23 -23
Other operating expenses -18 -19 -22 -23 -16 -20 -18 -21 -27 -25 -26 -35 -33 -43 -52 -61 -28 -37 -47 -55 -55 -78 -69 -74 -116 -126 -153
EBITDA 82 94 125 104 108 121 119 107 106 121 127 139 168 221 296 309 164 216 291 304 331 374 379 320 704 660 823
Depreciation, amortisation and impairment -41 -39 -46 -91 -39 -41 -38 -39 -36 -39 -38 -52 -67 -83 -107 -155 -67 -83 -107 -155 -125 -144 -149 -149 -221 -227 -272
Operating profit (EBIT) 41 55 79 13 69 80 81 68 70 82 89 88 101 138 190 154 97 133 184 149 206 230 230 171 483 432 551
OPERATION & MAINTENANCE * From 2020 Operations & Maintenance is reported in the new segment "Services". Restatement of 2019 is not applicable.
NOK MILLION
External revenues 1 0 1 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 0 - 0 - 0 - 0 1 - 0 - 0 - 0 - 0
Internal revenues 12 15 19 14 15 20 20 15 14 30 22 15 17 29 35 33 - 0 - 0 - 0 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Total revenues and other income 13 16 20 14 15 20 20 15 14 30 22 15 17 29 35 34 - 0 - 0 - 0 - 0
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Gross profit 13 16 20 14 15 20 20 15 14 30 22 15 17 29 35 34 - 0 - 0 - 0 - 0
Personnel expenses -3 -3 -3 -2 -3 -3 -4 -4 -5 -5 -6 -7 -7 -7 -9 -10 - 0 - 0 - 0 - 0
Other operating expenses -5 -4 -4 -7 -6 -6 -7 -7 -7 -6 -5 -6 -8 -8 -8 -13 - 0 - 0 - 0 - 0
EBITDA 6 9 12 5 5 10 9 4 2 19 11 2 3 14 18 11 - 0 - 0 - 0 - 0
Depreciation, amortisation and impairment -1 -1 -1 -1 -0 -0 -0 0 -0 -0 -0 -0 -1 -1 -1 -1 - 0 - 0 - 0 - 0
Operating profit (EBIT) 5 8 12 4 5 10 9 4 2 19 11 2 2 13 17 10 - 0 - 0 - 0 - 0
* from 2020 Operations & Maintenance is reported in the new segment "Services"
SERVICES Q1 2019 restated Q2 2019 restated Q3 2019 restated Q4 2019 restated Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
NOK MILLION
External revenues - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 1 - 0 - 0 - 1 1 1 1
Internal revenues - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 29 42 49 47 52 73 60 44 55 67 69
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - - 0 - 0 - 0 -
Net income/(loss) from JV and associates - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - - 0 - 0 - 0 -
Total revenues and other income - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 29 42 49 48 52 73 60 45 56 68 69
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - 0 - 0 -
Gross profit - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 29 42 49 48 52 73 60 45 56 68 70
Personnel expenses - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 -9 -10 -12 -14 -17 -21 -18 -19 -22 -23 -25
Other operating expenses - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 -13 -14 -14 -18 -19 -18 -21 -17 -17 -21 -23
EBITDA - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 7 19 23 16 16 34 22 10 17 24 22
Depreciation, amortisation and impairment - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1
Operating profit (EBIT) - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 6 18 22 15 15 33 21 9 16 23 21
DEVELOPMENT & CONSTRUCTION No change for Development and Constuction in restated proportionate financials for 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
NOK MILLION
External revenues - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 2 - 0 - 0 - 0 2 - 0 - 0 - 0 6 5 1 - 0 2 1
Internal revenues 258 304 37 0 0 385 296 417 1,045 1,077 1,466 1,297 1,337 1,121 1,222 1,297 1,337 1,121 1,222 414 377 25 45 24 49 43
Net gain/(loss) from sale of project assets 0 1 7 - 0 - 0 375 3 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - 0 - -
Net income/(loss) from JV and associates -1 -2 -0 -0 -0 -0 -0 -5 - 0 - 0 - 0 -1 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - 0 - 0 - -
Total revenues and other income 257 304 37 6 -0 -0 760 294 417 1,045 1,077 1,466 1,297 1,339 1,121 1,222 1,297 1,339 1,121 1,222 414 383 30 46 24 51 43
Cost of sales -228 -275 -37 -0 - 0 - 0 -356 -256 -376 -878 -917 -1,233 -1,112 -1,149 -958 -1,056 -1,112 -1,149 -958 -1,056 -369 -329 -26 -40 -24 -43 -39
Gross profit 30 28 -0 6 -0 -0 405 38 42 167 160 232 185 190 163 166 185 190 163 166 46 53 4 6 - 0 7 4
Personnel expenses -10 -10 -7 -8 -8 -11 -10 -13 -13 -15 -13 -13 -14 -13 -13 -20 -14 -13 -13 -20 -19 -20 -21 -25 -36 -40 -36
Other operating expenses -12 -7 -7 -16 -7 -7 -11 -15 -13 -11 -17 -17 -13 -12 -18 -15 -13 -12 -18 -15 -11 -13 -10 -18 -24 -21 -21
EBITDA 8 12 -14 -18 -15 -18 384 10 15 140 130 202 159 165 133 132 159 165 133 132 15 22 -27 -38 -60 -54 -53
Depreciation, amortisation and impairment -2 -5 -2 -2 -1 -1 -1 -1 -1 -1 -18 -1 -13 -5 -7 -13 -13 -5 -7 -13 -10 -4 -7 -5 -2 -2 -52
Operating profit (EBIT) 5 7 -16 -20 -16 -18 383 9 15 139 113 201 146 160 125 119 146 160 125 119 5 17 -33 -43 -62 -56 -105
CORPORATE * no change for Corporate in restated proportionate financials for 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
NOK MILLION
External revenues - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 2 2 1 - 0 6 2
Internal revenues 2 2 2 3 3 3 3 4 4 4 4 5 6 9 9 7 6 9 9 7 8 9 7 4 6 7 9
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 -
Net income/(loss) from JV and associates - 0 - 0 - 0 - 0 - 0 - 0 - 0 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 -
Total revenues and other income 2 2 2 3 3 3 3 4 4 4 4 5 6 9 9 7 6 9 9 7 8 11 9 5 6 13 11
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - 0 - - - 0 - - 0 - - 0 - 0 - 0 -
Gross profit 2 2 2 3 3 3 3 4 4 4 4 5 6 9 9 7 6 9 9 7 8 11 9 5 6 13 11
Personnel expenses -7 -8 -8 -6 -9 -9 -9 -8 -10 -10 -10 -13 -11 -10 -14 -13 -11 -10 -14 -13 -14 -14 -24 -20 -17 -26 -22
Other operating expenses -7 -9 -7 -6 -4 -7 -5 -11 -8 -8 -6 -6 -9 -10 -9 -12 -9 -10 -9 -12 -10 -10 -40 -53 -14 -16 -14
EBITDA -12 -15 -13 -8 -11 -14 -11 -15 -14 -14 -11 -14 -14 -11 -14 -18 -14 -11 -14 -18 -16 -13 -54 -69 -25 -28 -25
Depreciation, amortisation and impairment -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -1 -1 -1 -2 -1 -2 -1 -2 -1 -2 -5 -5 -5 -5 -6 -6 -6
Operating profit (EBIT) -12 -15 -13 -9 -11 -14 -11 -15 -14 -14 -12 -15 -16 -13 -16 -20 -16 -13 -16 -20 -21 -18 -59 -74 -31 -35 -31
IFRS Financials
IFRS FINANCIALS Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
NOK MILLION
External revenues 228.2 214.4 280.7 289.6 276.5 279.0 279.7 285.8 282.8 273.1 283.4 311.4 331 382 532 565 630 722 731 688 693 736 846
Internal revenues - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - - 0 - 0 - -
Net gain/(loss) from sale of project assets 0.2 1.4 - 0 73.8 - 0 - 0 375.2 2.6 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - - 0 - 0 - -
Net income/(loss) from associated companies -0.6 -2.4 -0.1 -0.2 -0.3 -0.1 0.0 -7.0 6.0 13.2 10.7 32.5 -4 -7 -20 3 -5 3 -7 -8 138 138 212
Total revenues and other income 227.9 213.4 280.6 363.1 276.3 278.9 654.9 281.5 288.8 286.3 294.2 343.9 327 376 512 568 625 725 724 679 831 874 1,059
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - - - 0 - - 0 - 0 - -
Gross profit 227.9 213.4 280.6 363.1 276.3 278.9 654.9 281.5 288.8 286.3 294.2 343.9 327 376 512 568 625 725 724 679 831 874 1,059
Personnel expenses -23.3 -23.7 -20.5 -18.7 -24.3 -27.2 -26.8 -28.7 -32.3 -35.1 -31.5 -37.9 -36 -35 -42 -49 -54 -59 -71 -78 -82 -100 -98
Other operating expenses -39.4 -37.1 -38.4 -50.8 -29.7 -34.6 -33.6 -45.4 -44.1 -39.1 -42.1 -48.7 -49 -51 -52 -82 -69 -86 -116 -153 -118 -104 -134
EBITDA* 165.2 152.6 221.7 293.6 222.3 217.0 594.5 207.4 212.4 212.2 220.6 257.3 242 290 418 436 503 580 538 448 631 670 827
Depreciation, amortisation and impairment -58.6 -59.6 -68.1 -83.7 -62.0 -66.0 -60.3 -59.8 -62.8 -62.0 -78.0 -70.6 -97 -101 -148 -165 -175 -203 -195 -204 -187 -200 -268
Operating profit (EBIT) 106.6 93.0 153.6 209.9 160.3 151.1 534.3 147.6 149.7 150.2 142.6 186.7 145 188 270 271 328 377 343 244 444 470 558
Net financial expenses -141.1 -87.0 -141.5 -94.4 -122.5 -151.7 -122.5 -135.6 -133.2 2.0 -82.7 -92.1 -120 -162 -183 -226 82 -454 -333 -825 -344 -279 -328
Profit before income tax -34.6 6.0 12.1 115.5 37.8 -0.7 411.8 12.0 16.5 152.2 59.9 94.7 25 27 87 45 410 -77 10 -581 100 191 230
Income tax (expense)/benefit 11.6 -0.5 -0.9 -38.7 -6.7 2.2 -5.0 -13.4 -4.4 -50.2 -24.0 -18.8 -13 -6 -20 10 -111 -4 -34 19 -59 -81 -61
Profit/(loss) for the period -23.0 5.5 11.2 76.8 31.0 1.5 406.8 -1.4 12.1 102.0 35.9 75.9 12 21 66 56 299 -81 -24 -561 42 110 169
Profit/(loss) attributable to:
Equity holders of the parent -46.2 4.6 -1.1 46.2 3.6 -12.7 383.0 -34.9 -17.7 97.8 14.4 45.4 -33 -25 31 -12 235 -98 -57 -558 18 93 131
Non-controlling interests 23.2 0.9 12.3 30.5 27.4 14.1 23.8 33.5 29.7 4.2 21.5 30.5 45 45 36 68 64 17 33 -3 24 17 38
-23.0 5.5 11.2 76.8 31.0 1.5 406.8 -1.4 12.1 102.0 35.9 75.9 12 21 66 56 299 -81 -24 -561 42 110 169
*Reference is given to the Q4 report for 2020 for a definition of Alternative Performance Measures (APM)
Power Plant break-down prop
Q3 2021 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 393 126 82 86 85 87 128 43 25 26 17 7 25 1130
Cost of sales -132 - - - - - - - - - - - - -132
Net revenues 260 126 82 86 85 87 128 43 25 26 17 7 25 999
OPEX -33 -26 -5 -16 -12 -10 -23 -3 -5 -3 -4 -5 -32 -176
EBITDA 228 100 77 71 73 78 104 40 20 24 13 2 -7 823
EBITDA margin 58% 79% 94% 82% 86% 89% 82% 93% 81% 90% 76% 31% -26% 73%
Cash flow to equity 138 21 43 9 33 39 69 22 12 9 2 -8 -14 377
Scatec economic interest 50% 45% 28% 100% 51% 20% 89% 100% 51% 62% 44% 100%
Net production (GWh) 214 104 110 84 136 189 104 8 20 19 30 9 38 1,065
Q2 2021 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 348 108 76 86 86 80 48 45 26 26 18 9 12 969
Cost of sales -160 - 0 - 0 - 0 - 0 -0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 -161
OPEX -39 -20 -5 -11 -9 -8 -9 -3 -4 -3 -4 -6 -29 -149
EBITDA 149 88 71 75 77 72 39 42 22 23 14 4 -16 660
EBITDA margin 43% 81% 94% 87% 89% 90% 81% 94% 84% 90% 79% 40% -131% 68%
Cash flow to equity 65 13 40 18 38 37 7 24 14 10 4 -1 -19 252
Scatec economic interest 50% 45% 28% 100% 51% 20% 91% 100% 51% 62% 44% 100%
Net production (GWh) 111 91 111 86 139 182 34 8 22 20 33 13 9 860
Q1 2021 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 360 129 77 92 69 58 20 19 25 19 17 22 16 924
Cost of sales -79 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 -79
OPEX -37 -22 -5 -12 -12 -6 -4 -3 -4 -3 -4 -2 -27 -140
EBITDA 243 107 72 81 57 52 16 16 21 16 13 20 -11 704
EBITDA margin 68% 83% 94% 88% 83% 89% 80% 86% 85% 86% 78% 89% -67% 76%
Cash flow to equity 540 34 40 20 22 18 -11 3 13 3 2 7 -11 681
Scatec economic interest 50% 45% 28% 100% 51% 20% 91% 100% 51% 62% 44% 100% - -
Net production (GWh) 168 119 109 90 114 128 15 3 21 14 32 30 11 854
Q4 2020 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 152 79 71 12 11 23 18 18 18 402
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
OPEX -22 -11 -15 -4 -3 -5 3 -5 -19 -81
EBITDA 130 68 57 8 8 18 20 13 -1 320
EBITDA margin 86% 86% 79% 66% 72% 76% 114% 74% -8% 80%
Cash flow to equity 38 2 21 -13 -3 8 6 3 -9 53
Scatec economic interest 45% 100% 51% 91% 100% 51% 62% 44% - -
Net production (GWh) 142 75 105 12 2 17 12 32 10 407
Q3 2020 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 116 75 84 49 45 29 28 20 13 457
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
OPEX -21 -9 -14 -3 -3 -5 -3 -4 -16 -78
EBITDA 95 66 71 45 42 24 25 16 -5 379
EBITDA margin 82% 88% 84% 93% 93% 84% 90% 81% -39% 83%
Cash flow to equity 31 9 30 17 24 15 9 10 -9 134
Scatec economic interest 45% 100% 51% 91% 100% 51% 62% 44% - -
Net production (GWh) 111 66 130 29 8 22 18 35 11 430
Q2 2020 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 100 86 91 38 48 29 31 20 15 458
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
OPEX -20 -12 -12 -3 -3 -4 -11 -4 -15 -84
EBITDA 80 74 79 35 45 25 20 16 - 374
EBITDA margin 80% 87% 86% 91% 94% 85% 66% 82% -2% 82%
Cash flow to equity 19 16 34 16 27 15 4 13 -7 135
Scatec economic interest 45% 100% 51% 91% 100% 51% 62% 44% - -
Net production (GWh) 92 71 129 22 9 20 19 33 11 406
Q1 2020 Philippines South Africa Uganda Malaysia Egypt Laos Ukraine Czech Republic Honduras Jordan Brazil Vietnam Other Total
NOK million Hydro Solar Hydro Solar Solar Hydro Solar Solar Solar Solar Solar Wind
Revenues 103 95 73 9 23 31 20 21 17 391
Cost of sales - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
OPEX -14 -9 -10 -2 -3 -4 -3 -5 -11 -60
EBITDA 88 86 62 7 20 27 17 16 6 331
EBITDA margin 86% 91% 86% 79% 89% 88% 86% 76% 37% 85%
Cash flow to equity 29 28 20 -1 6 17 2 4 -1 104
Scatec economic interest 45% 100% 51% 91% 100% 51% 62% 44% - -
Net production (GWh) 73 81 109 6 4 23 13 30 10 349
Bridge Proportionate to IFRS
A reconciliation between the segments proportionate financials and the groups consolidated IFRS financials are provided in the tables below. The column "Proportionate Financials Group" shows the groups share of financials from all the subsidiaries in the group. The column "Residual ownership interest fully consolidated entities" shows residual ownerships interests of the proportionate financials in fully consolidated subsidiaries where Scatec do not have 100% economic interest. The column "Elimination of equity consolidated entities" shows the elimination of proportionate financials from equity consolidated entities adjusted for Scatec's share of net income/(loss). Change in presentation of joint venture companies are presented in one single line "Net Income(loss) from JV and associates" in the IFRS Financials, while the proportionate financials present the joint venture companies in the same way as other subsidiaries on a gross basis in each account in the statement of profit or loss. The sum of "Proportionate Financials Group", "Residual ownership interest consolidated entities" and "Elimination of equity consolidated entities" shows the 100% basis of the stand-alone financials of all subsidiaries. The column "Eliminations" shows all the eliminations made to arrive at the consolidated IFRS financials of the group. The main eliminations are: - Elimination of all intercompany revenues and cost, including internal revenues and cost of sales from the Development and Construction segment, internal revenues, and other operating expenses from Operations & Maintenance - and Corporate services, and reduced depreciations and impairment charges reflecting the lower group value of the solar plant in IFRS compared to the stand-alone book value after elimination of internal gains from Development and Construction. - Other minor adjustments
Q3 2021 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 1,133 304 -591 846
Internal revenues 121 7 -8 -121 -
Net income/(loss) from JV and associates - - 212 212
Total revenues and other income 1,254 311 -386 -121 1,059
Cost of sales -170 - 135 36 -
Gross profit* 1,084 311 -252 -85 1,059
Personnel expenses -106 -2 10 - -98
Other operating expenses -211 -49 48 78 -134
EBITDA* 767 261 -194 -7 827
Depreciation and impairment -331 -85 111 36 -268
Operating profit (EBIT) 436 176 -83 29 558
Q2 2021 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 978 280 -521 -1 736
Internal revenues 123 8 -4 -127 -0
Net income/(loss) from JV and associates - 0 - 0 138 - 0 138
Total revenues and other income 1,101 289 -387 -129 874
Cost of sales -204 - 0 163 42 -0
Gross profit* 897 289 -226 -86 874
Personnel expenses -112 -2 11 3 -100
Other operating expenses -184 -45 47 78 -104
EBITDA* 601 242 -168 -5 670
Depreciation and impairment -236 -85 86 35 -200
Operating profit (EBIT) 364 157 -82 30 470
Q1 2021 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 925 279 -511 - 0 693
Internal revenues 85 6 -3 -88 - 0
Net income/(loss) from JV and associates - 0 - 0 138 - 0 138
Total revenues and other income 1,010 284 -376 -87 831
Cost of sales -103 - 0 79 23 - 0
Gross profit* 907 284 -295 -64 831
Personnel expenses -99 -2 12 7 -82
Other operating expenses -172 -50 43 60 -118
EBITDA* 636 232 -240 3 631
Depreciation and impairment -230 -78 77 44 -187
Operating profit (EBIT) 406 153 -162 47 444
Q4 2020 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 406 301 -18 -1 688
Internal revenues 92 6 -4 -95 - 0
Net income/(loss) from JV and associates - 0 - 0 -8 - 0 -8
Total revenues and other income 497 307 -29 -96 679
Cost of sales -40 - 0 3 37 - 0
Gross profit* 457 307 -27 -58 679
Personnel expenses -71 -1 2 -7 -78
Other operating expenses -163 -47 8 48 -153
EBITDA* 223 259 -17 -17 448
Depreciation and impairment -160 -82 7 31 -204
Operating profit (EBIT) 63 177 -10 14 244
*Reference is given to the Q4 report for 2020 for a definition of Alternative Performance Measures (APM)
Q3 2020 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 463 290 -19 -2 731
Internal revenues 93 6 -4 -95 - 0
Net income/(loss) from JV and associates - 0 - 0 -7 - 0 -7
Total revenues and other income 556 296 -30 -97 724
Cost of sales -25 - 0 - 0 25 - 0
Gross profit 530 296 -30 -72 724
Personnel expenses -71 -1 2 -1 -71
Other operating expenses -140 -50 6 68 -116
EBITDA 319 245 -22 -4 538
Depreciation and impairment -161 -82 7 41 -195
Operating profit (EBIT) 159 163 -16 37 343
Q2 2020 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 467 282 -20 -7 722
Internal revenues 458 129 -7 -580 - 0
Net income/(loss) from JV and associates - 0 - 0 3 - 0 3
Total revenues and other income 925 411 -24 -588 725
Cost of sales -330 -115 8 437 - 0
Gross profit 596 297 -16 -152 725
Personnel expenses -61 - 0 2 1 -59
Other operating expenses -119 -56 6 83 -86
EBITDA 417 241 -8 -69 580
Depreciation and impairment -155 -87 7 32 -203
Operating profit (EBIT) 262 154 -1 -38 377
Q1 2020 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTEREST FULLY CONSOLIDATED ENTITIES ELIMINATION OF EQUITY CONSOLIDATED ENTITIES OTHER ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 391 259 -20 - 0 630
Internal revenues 475 169 -10 -633 - 0
Net income/(loss) from JV and associates - 0 - 0 -5 - 0 -5
Total revenues and other income 866 428 -35 -633 625
Cost of sales -368 -156 6 518 - 0
Gross profit 497 271 -29 -114 625
Personnel expenses -56 - 1 1 -54
Other operating expenses -95 -36 6 56 -69
EBITDA 346 235 -22 -57 503
Depreciation and impairment -140 -70 8 26 -175
Operating profit (EBIT) 206 165 -13 -30 328
Tables from 2016 to 2019 on old format (elimination of equity consolidated entities included in eliminations column)
Q4 2019 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 365 237 -36 565
Internal revenues 1,278 271 -1,549 - 0
Net income/(loss) from JV and associates - 0 - 0 3 3
Total revenues and other income 1,642 508 -1,582 568
Cost of sales -1,056 -138 1,194 - 0
Gross profit 586 369 -388 568
Personnel expenses -52 9 -6 -49
Other operating expenses -100 -74 93 -82
EBITDA 434 304 -301 436
Depreciation and impairment -171 -98 104 -165
Operating profit (EBIT) 263 206 -197 271
Q3 2019 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 343 222 -34 532
Internal revenues 1,179 18 -1,197 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - - 0
Net income/(loss) from JV and associates - 0 - 0 -20 -20
Total revenues and other income 1,522 240 -1,251 512
Cost of sales -958 -36 994 - 0
Gross profit 565 204 -257 512
Personnel expenses -44 - 0 2 -42
Other operating expenses -87 -23 57 -52
EBITDA 433 182 -197 418
Depreciation and impairment -116 -79 47 -148
Operating profit (EBIT) 317 103 -150 270
Q2 2019 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 260 161 -38 382
Internal revenues 1,388 69 -1,457 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - - 0
Net income/(loss) from JV and associates - 0 - 0 -7 -7
Total revenues and other income 1,648 230 -1,502 376
Cost of sales -1,149 -50 1,198 - 0
Gross profit 500 180 -305 376
Personnel expenses -38 - 0 3 -35
Other operating expenses -73 -26 48 -51
EBITDA 388 154 -253 290
Depreciation and impairment -90 -76 64 -101
Operating profit (EBIT) 298 79 -190 188
Q1 2019 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 197 172 -38 331
Internal revenues 1,331 6 -1,337 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates - 0 - 0 -4 -4
Total revenues and other income 1,528 178 -1,379 327
Cost of sales -1,112 -7 1,119 - 0
Gross profit 417 170 -261 327
Personnel expenses -39 5 -2 -36
Other operating expenses -62 - 0 14 -49
EBITDA 315 175 -249 242
Depreciation and impairment -82 -79 64 -97
Operating profit (EBIT) 233 97 -185 145
Q4 2018 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 169.5 141.9 - 0 311.4
Internal revenues 1,496.6 111.1 -1,607.7 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates -0.3 - 0 32.8 32.5
Total revenues and other income 1,665.7 253.0 -1,574.9 343.9
Cost of sales -1,233.5 -12.7 1,246.2 - 0
Gross profit 432.2 240.4 -328.7 343.9
Personnel expenses -38.6 -0.1 0.9 -37.9
Other operating expenses -64.2 -3.9 19.3 -48.7
EBITDA 329.4 236.4 -308.5 257.3
Depreciation and impairment -53.5 -33.8 16.7 -70.6
Operating profit (EBIT) 276.0 202.5 -291.8 186.7
Q3 2018 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 145.9 137.5 - 283.4
Internal revenues 1,113.0 78.3 -1,191.3 - 0
Net gain/(loss) from sale of project assets - 0 - - - 0
Net income/(loss) from JV and associates - 0 - 10.7 10.7
Total revenues and other income 1,259.0 215.8 -1,180.6 294.2
Cost of sales -916.9 1.3 915.6 - 0
Gross profit 342.1 217.1 -265.0 294.2
Personnel expenses -31.4 - - -31.5
Other operating expenses -53.9 -17.4 29.3 -42.1
EBITDA 256.7 199.7 -235.8 220.6
Depreciation and impairment -56.7 -36.6 15.4 -78.0
Operating profit (EBIT) 200.0 163.0 -220.4 142.6
Q2 2018 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 142.4 130.7 - 0 273.1
Internal revenues 1,086.3 55.6 -1,141.8 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates - 0 - 0 13.2 13.2
Total revenues and other income 1,228.7 186.2 -1,128.6 286.3
Cost of sales -877.9 3.8 874.2 - 0
Gross profit 350.8 190.0 -254.5 286.3
Personnel expenses -33.4 -0.1 0.0 -33.5
Other operating expenses -51.3 -23.0 33.6 -40.7
EBITDA 266.0 167.0 -220.8 212.2
Depreciation and impairment -40.4 -38.2 16.7 -62.0
Operating profit (EBIT) 225.6 128.7 -204.2 150.2
Q1 2018 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 126.2 156.6 - 0 282.8
Internal revenues 445.9 37.2 -483.0 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates - 0 - 0 6.0 6.0
Total revenues and other income 572.0 193.7 -477.0 288.8
Cost of sales -375.9 3.3 372.6 - 0
Gross profit 196.1 197.1 -104.4 288.8
Personnel expenses -31.1 -0.0 0.2 -30.9
Other operating expenses -56.0 -7.9 18.5 -45.5
EBITDA 109.0 189.1 -85.7 212.4
Depreciation and impairment -37.5 -38.7 13.5 -62.8
Operating profit (EBIT) 71.5 150.4 -72.2 149.7
Q4 2017 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 125.5 160.3 285.8
Internal revenues 321.1 27.2 -348.3 - 0
Net gain/(loss) from sale of project assets 2.6 - 0 - 0 2.6
Net income/(loss) from JV and associates -4.9 2.0 -4.1 -7.0
Total revenues and other income 444.4 189.5 -352.4 281.5
Cost of sales -256.2 21.8 234.4 - 0
Gross profit 188.2 211.3 -118.0 281.5
Personnel expenses -30.3 - 0 1.6 -28.7
Other operating expenses -53.2 -15.3 23.2 -45.4
EBITDA 105.5 196.0 -93.1 207.4
Depreciation and impairment -39.5 -36.5 16.2 -59.8
Operating profit (EBIT) 65.9 159.5 -77.0 147.6
Q3 2017 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 138.6 141.1 - 0 279.7
Internal revenues 410.6 - 0 -410.6 - 0
Net gain/(loss) from sale of project assets 375.2 - 0 - 0 375.2
Net income/(loss) from JV and associates -0.1 0.1 - 0 - 0
Total revenues and other income 924.3 141.2 -410.6 654.9
Cost of sales -355.8 - 0 355.8 - 0
Gross profit 568.6 141.2 -54.8 654.9
Personnel expenses -27.0 - 0 0.2 -26.8
Other operating expenses -41.2 -17.5 25.2 -33.6
EBITDA 500.3 123.6 -29.4 594.5
Depreciation and impairment -39.1 -37.3 16.1 -60.3
Operating profit (EBIT) 461.2 86.4 -13.3 534.3
Q2 2017 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 142.8 136.2 - 0 279.0
Internal revenues 24.4 - 0 -24.4 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates -0.1 - 0 - 0 -0.1
Total revenues and other income 167.0 136.2 -24.4 278.9
Cost of sales - 0 - 0 - 0 - 0
Gross profit 167.0 136.2 -24.4 278.9
Personnel expenses -27.3 -0.0 0.1 -27.2
Other operating expenses -40.0 -18.9 24.3 -34.6
EBITDA 99.7 117.3 0.0 217.0
Depreciation and impairment -42.1 -41.8 17.9 -66.0
Operating profit (EBIT) 57.5 75.6 17.9 151.1
Q1 2017 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 125.3 151.2 - 0 276.5
Internal revenues 19.4 - 0 -19.4 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates -0.3 - 0 - 0 -0.3
Total revenues and other income 144.4 151.2 -19.4 276.3
Cost of sales - 0 - 0 - 0 - 0
Gross profit 144.4 151.2 -19.4 276.3
Personnel expenses -24.4 -0.0 0.1 -24.3
Other operating expenses -33.4 -15.8 19.5 -29.7
EBITDA 86.8 135.4 - 0 222.3
Depreciation and impairment -39.6 -38.9 16.5 -62.0
Operating profit (EBIT) 47.2 96.5 16.5 160.3
Q4 2016 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 129.5 160.1 - 0 289.6
Internal revenues 16.6 - 0 -16.6 - 0
Net gain/(loss) from sale of project assets 6.7 - 0 67.1 73.8
Net income/(loss) from JV and associates -0.2 - 0 - 0 -0.2
Total revenues and other income 152.5 160.1 50.5 363.1
Cost of sales -0.1 - 0 0.1 - 0
Gross profit 152.4 160.1 50.6 363.1
Personnel expenses -18.7 - 0 - 0 -18.7
Other operating expenses -51.2 -16.2 16.6 -50.8
EBITDA 82.5 143.9 67.2 293.6
Depreciation and impairment -93.5 -39.1 48.8 -83.7
Operating profit (EBIT) -11.0 104.9 116.0 209.9
Q3 2016 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 150.2 129.6 0.9 280.7
Internal revenues 58.8 - 0 -58.8 - 0
Net gain/(loss) from sale of project assets - 0 - 0 - 0 - 0
Net income/(loss) from JV and associates -0.1 - 0 - 0 -0.1
Total revenues and other income 208.9 129.6 -57.9 280.6
Cost of sales -36.8 - 0 36.8 - 0
Gross profit 172.1 129.6 -21.2 280.6
Personnel expenses -20.6 0.1 - 0 -20.5
Other operating expenses -40.7 -18.9 21.2 -38.4
EBITDA 110.8 110.8 0.0 221.7
Depreciation and impairment -48.1 -35.6 15.5 -68.1
Operating profit (EBIT) 62.7 75.3 15.5 153.6
Q2 2016 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 115.9 98.0 0.5 214.4
Internal revenues 322.3 - 0 -322.3 - 0
Net gain/(loss) from sale of project assets 1.4 - 0 - 0 1.4
Net income/(loss) from JV and associates -2.4 - 0 - 0 -2.4
Total revenues and other income 437.3 98.0 -321.9 213.4
Cost of sales -275.1 - 0 275.1 - 0
Gross profit 162.2 98.0 -46.8 213.4
Personnel expenses -23.6 -0.1 - 0 -23.7
Other operating expenses -38.7 -15.9 17.4 -37.1
EBITDA 99.9 82.0 -29.4 152.6
Depreciation and impairment -44.4 -30.5 15.3 -59.6
Operating profit (EBIT) 55.5 51.5 -14.1 93.0
Q1 2016 PROPORTIONATE FINANCIALS GROUP RESIDUAL OWNERSHIP INTERESTS ELIMINATIONS IFRS FINANCIALS
NOK MILLION
External revenues 102.5 124.8 0.9 228.2
Internal revenues 273.2 - 0 -273.2 - 0
Net gain/(loss) from sale of project assets 0.2 - 0 0.0 0.2
Net income/(loss) from JV and associates -0.6 - 0 0.0 -0.6
Total revenues and other income 375.3 124.8 -272.3 227.9
Cost of sales -227.6 - 0 227.6 - 0
Gross profit 147.7 124.8 -44.7 227.9
Personnel expenses -23.3 -0.1 0.1 -23.3
Other operating expenses -41.3 -12.7 14.6 -39.4
EBITDA 83.1 112.2 -30.1 165.2
Depreciation and impairment -43.6 -30.7 15.7 -58.6
Operating profit (EBIT) 39.5 81.6 -14.5 106.6

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Scatec ASA published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 07:38:01 UTC.