Scana — Audit Report / Information 2013

Mar 6, 2015

Scana Steel Stavanger AS Group accounts

		Financial statement:

Financial statements				Financial statements
(thousand NOK)	Year 2013	Year 2012	Year 2011	(thousand NOK)	Year 2013	Year 2012	Year 2011
Key P&L items				Key P&L items
Revenue	340 252	397 022	435 788	Revenue	330 888	393 684	431 559
EBITDA	-23 474	-10 691	-6 924	EBITDA	-23 474	-10 691	-6 924
Depreciation/amortisation	73 504	8 896	9 078	Depreciation/amortisation	73 504	8 896	9 078
Operating Profit	-96 979	-19 587	-16 003	Operating Profit	-96 979	-19 587	-16 003
Net financial items	-17 120	-19 239	-15 492	Net financial items	-12 290	-14 835	-9 074
Net profit before tax	-114 099	-38 825	-31 495	Net profit before tax	-109 269	-34 421	-25 077
Net profit	-126 764	-32 892	-24 016	Net profit	-121 934	-28 488	-17 598
Key balance sheet items				Key balance sheet items
Deferred tax assets	0	12 351	10 509	Deferred tax assets	0	12 351	10 509
Intangible assets	1	2 554	2 234	Intangible assets	1	2 554	2 234
Property, plant and equipment	27 738	128 007	124 404	Property, plant and equipment	27 738	128 007	124 404
Total fixed assets	27 739	142 912	137 147	Total fixed assets	27 739	142 912	137 147
Inventories	57 280	80 822	77 734	Inventories	57 280	80 822	77 734
Trade debtors	78 396	82 603	99 229	Trade debtors	75 443	81 643	98 029
Derivatives	20	203	574	Derivatives	14	21	38
Other current assets	7 692	4 786	21 515	Other current assets	3 500	4 786	6 923
Cash and cash equivalents	15	34	5 489	Cash and cash equivalents	15	34	5 489
Total current assets	143 403	168 448	204 541	Total current assets	136 252	167 306	188 213
Total assets	171 142	311 360	341 688	Total assets	163 991	310 218	325 360
Total shareholders' equity	-38 154	79 337	61 894	Total shareholders' equity	-44 686	78 338	48 181
Interest-bearing loans and borrowings	4 424	52 103	99 951	Interest-bearing loans and borrowings	4 424	52 103	99 951
Deferred tax liability	0	-547	3 415	Deferred tax liability	0	-547	3 415
Total non-current liabilities	6 057	54 655	107 620	Total non-current liabilities	6 057	54 655	107 620
Interest-bearing loans and borrowings	108 535	82 247	64 251	Interest-bearing loans and borrowings	108 535	82 247	64 251
Trade payables	52 076	61 360	69 340	Trade payables	52 076	61 360	69 340
Advances from customers	8 590	4 558	5 200	Advances from customers	8 590	4 558	5 200
Derivatives	1 669	1 987	4 919	Derivatives	1 252	1 974	2 434
Other current liabilities	32 369	27 216	28 464	Other current liabilities	32 167	27 086	28 334
Total current liabilities	203 239	177 368	172 174	Total current liabilities	202 620	177 225	169 559

Key financial figures Key financial figures

(thousand NOK)	Year 2013	Year 2012	Year 2011	(thousand NOK)	Year 2013	Year 2012	Year 2011
Key P&L items				Key P&L items
Revenue	340 252	397 022	435 788	Revenue	330 888	393 684	431 559
EBITDA	-23 474	-10 691	-6 924	EBITDA	-23 474	-10 691	-6 924
Depreciation/amortisation	73 504	8 896	9 078	Depreciation/amortisation	73 504	8 896	9 078
Operating Profit	-96 979	-19 587	-16 003	Operating Profit	-96 979	-19 587	-16 003
Net financial items	-17 120	-19 239	-15 492	Net financial items	-12 290	-14 835	-9 074
Net profit before tax	-114 099	-38 825	-31 495	Net profit before tax	-109 269	-34 421	-25 077
Net profit	-126 764	-32 892	-24 016	Net profit	-121 934	-28 488	-17 598
Key balance sheet items				Key balance sheet items
Deferred tax assets	0	12 351	10 509	Deferred tax assets	0	12 351	10 509
Intangible assets	1	2 554	2 234	Intangible assets	1	2 554	2 234
Property, plant and equipment	27 738	128 007	124 404	Property, plant and equipment	27 738	128 007	124 404
Total fixed assets	27 739	142 912	137 147	Total fixed assets	27 739	142 912	137 147
Inventories	57 280	80 822	77 734	Inventories	57 280	80 822	77 734
Trade debtors	78 396	82 603	99 229	Trade debtors	75 443	81 643	98 029
Derivatives	20	203	574	Derivatives	14	21	38
Other current assets	7 692	4 786	21 515	Other current assets	3 500	4 786	6 923
Cash and cash equivalents	15	34	5 489	Cash and cash equivalents	15	34	5 489
Total current assets	143 403	168 448	204 541	Total current assets	136 252	167 306	188 213
Total assets	171 142	311 360	341 688	Total assets	163 991	310 218	325 360
Total shareholders' equity	-38 154	79 337	61 894	Total shareholders' equity	-44 686	78 338	48 181
Interest-bearing loans and borrowings	4 424	52 103	99 951	Interest-bearing loans and borrowings	4 424	52 103	99 951
Deferred tax liability	0	-547	3 415	Deferred tax liability	0	-547	3 415
Total non-current liabilities	6 057	54 655	107 620	Total non-current liabilities	6 057	54 655	107 620
Interest-bearing loans and borrowings	108 535	82 247	64 251	Interest-bearing loans and borrowings	108 535	82 247	64 251
Trade payables	52 076	61 360	69 340	Trade payables	52 076	61 360	69 340
Advances from customers	8 590	4 558	5 200	Advances from customers	8 590	4 558	5 200
Derivatives	1 669	1 987	4 919	Derivatives	1 252	1 974	2 434
Other current liabilities	32 369	27 216	28 464	Other current liabilities	32 167	27 086	28 334
Total current liabilities	203 239	177 368	172 174	Total current liabilities	202 620	177 225	169 559
Total liabilities and shareholders' equity	171 142	311 360	341 688	Total liabilities and shareholders' equity	163 991	310 218	325 360