SalMar ASA

ARNARLAX – KEY FIGURES

NOK million	2018	2017	2016

Operating income	400,4	625,4	247,4
Cost of goods sold	231,6	323,3	127,4
Payroll expenses	79,7	103,5	51,7
Other operating expenses	122,9	103,1	51,1
EBITDA	-33,9	95,5	17,1
Depreciations and write-downs	45,0	35,3	18,8
Operational EBIT	-78,9	60,2	-1,7
Fair value adjustment	82,5	-186,0	183,5
Operational profit	3,7	-125,8	181,8
Other financial items	-44,0	-39,4	23,6
Profit before tax	-40,3	-165,2	205,4
Tax	-11,0	-30,9	38,4
Net profit for the period	-29,3	-134,3	167,1

Harvested volume (1 000 tgw)	6,7	9,7	4,0
Operational EBIT / kg gw (NOK)	- 11,82	6,23	- 0,41

NOK million	31.12.2018	31.12.2017	31.12.2016
ASSETS
Intangible fixed assets	258,5	246,0	206,2
Tangible fixed assets	374,3	359.5	273,8
Financial fixed assets	23,0	22,8	23,6
Total fixed assets	655,8	628,3	503,6
Inventory	471,8	359,8	500,1
Accounts receivables	55,0	108,3	59,2
Other short-term receivables	44,1	69,5	16,8
Cashand cash equivalents	3,9	3,0	24,8
Total current assets	574,9	540,6	600,9
TOTAL ASSETS	1230,7	1 168,9	1 104,5

EQUITY AND LIABILITIES
Equity	759,5	584,31	679,6
Total equity	759,5	584,31	679,6
Int. bearing long-term liabilities	104,9	110,7	100,0
Total long-term liabilities	104,9	110,7	100,0
Int. bearing short-term liabilities	288,1	315,3	198,4
Other short-term liabilities	78,2	158,6	126,5
Total short-term liabilities	366,3	473,9	324,9
TOTAL EQUITY AND LIABILITIES	1230,7	1 168,9	1 104,5

Net interest bearing debt	389,1	423,0	273,6
Equity share	61,7%	50,0%	61,5%