Entra

Regulatory Filings • Apr 12, 2016

Entra ASA : New structure on the Profit and Loss statement from Q1 2016

Entra ASA : New structure on the Profit and Loss statement from Q1 2016

Entra has decided to do certain changes to how the Profit & Loss statement is

presented in order to better reflect the underlying operational results and to a

greater extent be harmonised with how peer companies and equity analysts present

their figures.

The major changes are:

1. Stating a clean Net operating income (from property management)

2. Including net realised financials in Net income/Net income from property

management

3. Including profit from associates and JVs in Net income

4. Establishing Net income from property management as Net Income minus value

changes and tax from associates and JVs and profit from Oslo S Utvikling

The new vs. old Profit & Loss structure is as follows:

+------------------------------------------------------------------------------+

|New P&L Structure   Old P&L structure |

+--------------------------------------- --------------------------------------+

|Rental income   Rental income |

| |

|Repairs & maintenance   Other operating revenue |

| --------------------------------------+

|Operating costs   Total operating revenue |

+--------------------------------------- |

|Net operating income     |

| |

|    Repairs & maintenance |

| |

|Other revenue   Operating costs |

| |

|Other costs   Other property costs |

| |

|Administrative costs   Administrative owner costs |

| |

|Share of profit from associates and |

|joint ventures   Total operating costs |

| --------------------------------------+

|Net realised financials   Net income from property management |

+--------------------------------------- |

|Net income     |

| |

| - of which Net income from property Changes in value from investment |

|management   properties |

| |

| Share of profit from associates and |

|    jointly controlled entities |

| --------------------------------------+

|Changes in value of investment |

|properties   Operating profit |

| |

|Changes in value of financial |

|instruments     |

+--------------------------------------- |

|Profit before tax   Interest and other finance income |

| |

|    Interest and other finance expense |

| |

|Tax payable   Net realised financials |

| |

| Unrealised changes in value of |

|Change in deferred tax   financial instruments |

+--------------------------------------- --------------------------------------+

|Profit for period/year   Net financials |

| |

|      |

| |

|Actuarial gains and losses, net of tax   Profit before tax |

| |

|Total comprehensive income for the |

|period/year   Tax payable |

| |

|    Change in deferred tax |

| --------------------------------------+

|    Profit for period/year |

| |

|      |

| |

| Actuarial gains and losses, net of |

|    tax |

| |

| Total comprehensive income for the |

|    period/year |

+------------------------------------------------------------------------------+

Enclosed is Q1-Q4 2015 + FY2015 stated using the new Profit & Loss structure.

There are no changes in the underlying numbers.

For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559,

email: ao@entra.no

[HUG#2002727]