Highlights of Coordinating Council Activities and Accomplishments, 2001-2008
Highlights 2001
description
Transcript of Highlights 2001
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LEIF HEGH & CO
2001Preliminary Results
Leif Hegh & CoPreliminary Results 2001
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LEIF HEGH & CO
HIGHLIGHTS
Considerable improvements from 2000, particularly for HUAL Operating profit before sales gain and depreciation increased by 32% to USD 164 million.Profit before tax increased by 330% to USD 99 million.Net profit per share increased by 336% to USD 2,62Cashflow per share increased by 58% to USD 4.71Share price per 31.12.01 was NOK 79.00 (USD 8.77)
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LEIF HEGH & CO
STATEMENTS OF INCOME
Resultat
Leif Hegh & Co. Konsernet
Resultatregnskap
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Totalt
30/930/930/930/9
Fraktinntekter, netto168206508519204832572990773646
Reiseavhengige kostnader(66502(214995(109442(288401(402601
Leie innbefraktede skip(24753(81087(38220(112240(137272
Driftskostnader(27427(81270(22795(70665(101578
Generelle administrasjonskostnader(2649(5999(1608(4979(8621
Driftsresultat fr salgsgevinster og avskrivninger468751251683276796705123574
Gevinst ved salg av anleggsmidler0126447741507908
Ordinre avskrivninger anleggsmidler(18715(55674(17259(45884(68905
Driftsresultat2816082139162825232855577
Resultat tilknyttede selskaper0.04498(10624(15520
Renteinntekter23507113277772649727
Rentekostnader(10705(41614(17708(45350(59312
Andre finansposter204423685101192059132513
Resultat fr skattekostnad2185175822113643485722985
Skattekostnad(1817(1859(834(2461(3499
RESULTAT2003473963105303239619486
Minoritetens andel0.00.0(70(124(909
Majoritetens andel2003473963106003252020395
Resultat pr. aksje0.642.280.290.980.60
Kontantstrm pr. aksje1.013.390.752.322.98
Balanse
Leif Hegh & Co. Konsernet
Balanse
(USD 1 000)
200120002000
30/930/931/12
Utsatt skattefordel446175539568
Goodwill784768801285524
Totale immaterielle eiendeler829379556595092
Skip9800099094021023902
Nybygninger0.0472860
Andre varige driftsmidler212083279521333
Totale varige driftsmidler10012179894831045235
Investeringer i aksjer52983129215805
Langsiktige fordringer7298419914202
Totale finansielle anleggsmidler125963549130007
Totale anleggsmidler109675011205391170334
Beholdninger139811890715720
Fordringer344175619764041
Omsettelige verdipapirer130335171840112639
Bankinnskudd443706288965625
Totale omlpsmidler223104309833258025
TOTALE EIENDELER131985414303721428359
Innskutt egenkapital642336478064780
Opptjent egenkapital408468395090354902
Total egenkapital472701459870419682
Totale avsetninger for forpliktelser424844514175
Pantegjeld/leaseforpliktelser802772867924915914
Annen langsiktig gjeld207422543356
Total langsiktig gjeld804846870178919270
Total kortsiktig gjeld380599587385232
TOTAL EGENKAPITAL OG GJELD131985414303721428359
Egenkapitaloppstilling
(USD 1 000)200120002000
01.01-30.0901.01-30.09Total
Egenkapital 01.01.419,682376,194376,194
Emisjon0.051,15751,157
Resultat73,96332,52019,486
Kjp av egne aksjer(20,944)0.0(27,155)
Egenkapital i slutten av perioden472,701459,870419,682
kontantstrm
Leif Hegh & Co. Konsernet
Kontantstrmoppstilling
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Totalt
30/930/930/930/9
Brutto kontanstrm fra operasjonelle aktiviteter370701099152712276750101700
Endring i kortsiktige fordringer/gjeld og verdipapirer233(398066632(65469(35142
Netto kontantstrm fra operasjonell aktiviteter3730370109337541128166558
Netto kontantstrm fra investeringsaktiviteter(1932316157(17232(288037(360804
Netto kontantstrm fra finansaktiviteter(33513(107521(27802283034303260
Netto endring i kontanter og kontantekvivalenter(15533(21255(1128062789014
Kontanter og kontantekvivalenter ved periodens begynnelse5990365625741695661156611
Kontanter og kontantekvivalenter ved periodens slutt4437044370628896288965625
Seg info no
Leif Hegh & Co. Konsernet
Rapport pr segment
(USD 1 000)
HUALKontraktshipping
3. kvartal1-3. kvartal3. kvartal1-3. kvartal
20012000200120002001200020012000
Fraktinntekter126,483104,432362,950287,65312,43015,27738,14941,363
Reiseavhengige kostnader(57,198)(54,258)(171,461)(141,182)(866)(603)(4,579)(3,177)
Fraktinntekter p T/C basis69,28550,174191,489146,47111,56414,67433,57038,186
Leie innbefraktede skip(22,367)(17,070)(70,114)(53,116)(1,410)(6,142)(4,521)(13,629)
Personellkostnader og andre driftskostnader(11,637)(10,478)(36,244)(28,399)(3,022)(1,594)(8,947)(6,444)
Driftsresultat fr salgsgevinster og avskrivninger35,28122,62685,13164,9567,1336,93820,10318,113
Gevinst/(tap) ved salg av skip2420000000
Ordinre avskrivninger(12,708)(11,705)(38,492)(29,402)(2,479)(2,069)(7,000)(6,171)
Nedskrivning skip00000000
Driftsresultat22,81510,92146,63935,5544,6544,86913,10311,942
Hegh LinesKjleskip
3. kvartal1-3. kvartal3. kvartal1-3. kvartal
20012000200120002001200020012000
Fraktinntekter18,37834,78572,480104,8068,42749,40230,218137,164
Reiseavhengige kostnader(8,289)(22,131)(38,370)(67,326)(150)(32,441)(585)(76,566)
Fraktinntekter p T/C basis10,08912,65434,11037,4808,27716,96029,63360,597
Leie innbefraktede skip(975)(5,314)(6,452)(15,874)0(9,706)0(29,620)
Personellkostnader og andre driftskostnader(5,028)(5,906)(15,528)(17,813)(5,732)(5,293)(17,132)(17,137)
Driftsresultat fr salgsgevinster og avskrivninger4,0861,43412,1303,7932,5451,96112,50113,840
Gevinst/(tap) ved salg av skip079501,505(388)(21)12,5002
Ordinre avskrivninger(1,078)(1,077)(3,234)(3,231)(2,250)(2,253)(6,750)(6,839)
Nedskrivning skip00000000
Driftsresultat3,0081,1528,8962,067(93)(313)18,2517,003
Result
Leif Hegh & Co. Consolidated
Statements of income
(USD million)2001200020012000
TotalTotal4th qrt4th qrt
Freight revenues168206508519572990773646
Voyage expenses(66502(214995(288401(402601
Freight revenues680774172201
Charterhire expenses(24753(81087(112240(137272
Operating expenses(27427(81270(70665(101578
General administrative expenses(2649(5999(4979(8621
Operating profit before sales
gain and depreciation1641243927
Gain on sale of assets0126441507908
Ordinary deprecation of assets(18715(55674(45884(68905
Operating profit10256203
Profit(-loss) associated companies0.0449824(15520
Interest income2350711372649727
Interest expenses(10705(41614(45350(59312
Other financial items2044236852059132513
Profit before tax992323(12
Net profit83199(13
Majorities' share83190.09(13
Net profit per share0.642.280.290.980.60
Cashflow per share1.013.390.752.322.98
Balance sheet
Leif Hegh & Co. Consolidated
Balance sheets
(USD 1 000)
200120002000
30/930/931/12
Deferred tax asset446175539568
Goodwill784768801285524
Total intangible assets829379556595092
Vessels9800099094021023902
Newbuildings0.0472860
Other tangible assets212083279521333
Total tangible assets10012179894831045235
Investments in shares52983129215805
Long term receivables7298419914202
Total financial assets125963549130007
Total fixed assets109675011205391170334
Bunker and inventory139811890715720
Receivables344175619764041
Marketable securities130335171840112639
Bank deposits443706288965625
Total current assets223104309833258025
TOTAL ASSETS131985414303721428359
Paid in equity642336478064780
Other equity408468395090354902
Total shareholders equity472701459870419682
Total provisions424844514175
Mortgage debt/lease obligations802772867924915914
Other long term liabilities207422543356
Total long term liabilities804846870178919270
Total current liabilities380599587385232
TOTAL SHAREHOLDER'S EQUITY AND LIABILITIES131985414303721428359
Equity Statements
(USD 1 000)200120002000
01.01-30.0901.01-30.09Total
Equity 01.01.419,682376,194376,194
Rights' issue0.051,15751,157
Profit of the period73,96332,52019,486
Buy-back own shares(20,944)0.0(27,155)
Total equity end period472,701459,870419,682
cash flow
Leif Hegh & Co. Consolidated
Cashflow statements
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Total
30/930/930/930/9
Total cashflow from operational activities370701099152712276750101700
Movements in current assets/liabilities
and maredtable securities233(398066632(65469(35142
Net cashflow from operational activities37303701093375411281101700
Net cashflow from investment activities(1932316157(17232(288037(360803
Net cashflow from financing activities(33513(107521(27802283034303260
Net movement in cash and cash equivalents(15533(21255(11280627844157
Cash and cash equivalents per start of period5990365625741695661156611
Cash and cash equivalent per end period44370443706288962889100768
Seg info eng
Leif Hegh & Co. Consolidated
Report per segment
(USD 1 000)
HUALContractshipping
3rd quarter3 quarters3rd quarter3 quarters
20012000200120002001200020012000
Freight revenues, net126,483104,432362,950287,65312,43015,27738,14941,363
Voyage expenses(57,198)(54,258)(171,461)(141,182)(866)(603)(4,579)(3,177)
Income on T/C basis69,28550,174191,489146,47111,56414,67433,57038,186
Charterhire expenses(22,367)(17,070)(70,114)(53,116)(1,410)(6,142)(4,521)(13,629)
Crew and other operating expenses(11,637)(10,478)(36,244)(28,399)0000
Operating profit/(loss) before capital gains/losses7,1336,93820,10318,113
on sale of vessels and depreciation35,28122,62685,13164,956
Capital gains/(losses) on sale of vessels2420000000
Depreciation(12,708)(11,705)(38,492)(29,402)(2,479)(2,069)(7,000)(6,171)
Additional write-downs00000000
Operating profit/loss22,81510,92146,63935,5544,6544,86913,10311,942
Hegh LinesReefers
3rd quarter3 quarters3rd quarter3 quarters
20012000200120002001200020012000
Freight revenues, net18,37834,78572,480104,8068,42749,40230,218137,164
Voyage expenses(8,289)(22,131)(38,370)(67,326)(150)(32,441)(585)(76,566)
Income on T/C basis10,08912,65434,11037,4808,27716,96029,63360,597
Charterhire expenses(975)(5,314)(6,452)(15,874)0(9,706)0(29,620)
General administrative expenses0000(5,732)(5,293)(17,132)(17,137)
Operating profit/(loss) before capital gains/losses4,0861,43412,1303,793
on sale of vessels and depreciation2,5451,96112,50113,840
Capital gains/(losses) on sale of vessels079501,505(388)(21)12,5002
Depreciation(1,078)(1,077)(3,234)(3,231)(2,250)(2,253)(6,750)(6,839)
Additional write-downs00000000
Operating profit/loss3,0081,1528,8962,067(93)(313)18,2517,003
EBTIA eng & no
Leif Hegh & Co Consolidated
Development in operating profit per segment
(USD 1 000 000)
199920002001
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
HUAL119891014111181623-
Contract shipping42424445855-
Hegh Lines-3-3100110653-
Reefers11-4-7430-31840-
Total1399418221613403031-
Leif Hegh & Co Konsernet
Utvikling i resultat pr segment
(USD 1 000 000)
Business Untis199920002001
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
HUAL119891014111181623-
Kontraktshipping42424445855-
Hegh Lines-3-3100110653-
Kjleskip11-4-7430-31840-
Sum1399418221613403031-
PL-Balance Sheet
LHC Konsern
30-Sep-01
Input fra HEElimineringerKorreksjononerQ2
Freight Revenues508,174,433508,174,433
Freight revenue from group companies(4,114,437)(1,106,973)(5,221,410)
Other revenues4,512,2924,512,292
Other revenues from group companies, ope3,295,828(2,242,338)1,053,490508,518,805340,312,439168,206,365.89
Voyage Expenses214,995,149(214,995,149)(214,995,149)(148,492,990)(66,502,158.58)
T/C INCOME296,872,968(3,349,311)0293,523,657
Charterhire exp pool/services81,086,7060(81,086,706)
Charterhire expenses to group companies00(81,086,706)(56,334,060)(24,752,645.64)
Crew Expenses28,377,064(28,377,064)
Other operating expenses50,624,100(50,624,100)
Other operating expenses group companies5,618,344(3,349,311)(2,269,033)(81,270,197)(53,842,745)(27,427,452.08)
General administration expenses5,998,527(5,998,527)(5,998,527)(3,349,311)(2,649,215.65)
OPERATING PROFIT BEFORE DEPRECIATION125,168,22700125,168,227125,168,22778,293,33346,874,893.84
Gain/(loss) sale of vessels(243,642)(243,642)
16,312,119Gain/(loss) sale of other assets12,887,71512,887,71512,644,07312,645,584(1,511.58)
Ordinary depreciation vessels48,464,824(48,464,824)
Ordinary depreciation other7,208,814(7,208,814)(55,673,638)(36,960,711)(18,712,926.14)
OPERATING RESULT82,138,6620082,138,66282,138,66253,978,20628,160,456.12
Result associated companies236,0004,262,0004,498,0004,498,0004,498,0000.00
Interest income bank6,838,5766,838,576
Interest income other86,62186,621
Interest income group companies325,074325,0747,113,2444,762,8532,350,391.43
Interest expenses other137,027(137,027)
Currency exchange gain/(loss)(4,600,167)(4,600,167)
Unrealized currency exchange gain/(loss)(1,737,165)(1,737,165)
Unrealized currency exchange gain/(loss)00
Interest mortgage debt35,144,551(35,144,551)
Interest leased vessels6,468,967(6,468,967)(41,613,519)(30,908,849)(10,704,669.22)
Shares_Options_Bonds19,693,851019,693,851
Dividend from group companies000
Other_Fin_Items14,590,602(4,262,000)10,328,60223,685,12021,640,7502,044,369.81
PROFIT BEFORE EXTRAORDINARY ITEMS75,821,5080075,821,50875,821,50853,970,95921,850,548.14
PROFIT BEFORE TAX
Taxes2,008,511(150,000)1,858,5111,858,51141,7691,816,741.55
CONSOLIDATED PROFIT073,962,99773,962,99753,929,19020,033,806.59
Minority interest1,0001,00000
NET PROFIT73,811,9970(150,000)73,961,99773,962,99753,929,19020,033,806.59
Goodwill78,475,70978,475,70978,475,70980,825,098
Deferred tax, benefit5,994,865(1,533,369)4,461,4964,461,4964,094,496
Vessels980,009,128980,009,128980,009,128995,463,820
Newbuildings0000
Provision for drydocking10,405,73910,405,739
Other_Fixed_Assets10,802,04210,802,04221,207,78121,547,905
Consolidated Shares in Group Companies00
Consolidated Shares in Associated Comp2,344,1192,344,119
Loan to group companies162,959162,959
Other shares2,790,8322,790,8325,297,9095,297,909
Other long term receivables7,298,1067,298,1067,298,1068,016,845
TOTAL FIXED ASSETS1,098,283,499(1,533,369)1,096,750,1301,096,750,1301,115,246,073
Receivables group companies(2,735,830)9,277,2386,541,408
Other Current Assets27,875,59627,875,59634,417,00439,421,139
Inventories13,981,49013,981,49013,981,49013,017,368
Marketable securities130,335,489130,335,489130,335,489131,278,201
Bank Deposits44,370,22744,370,22744,370,22759,903,332
TOTAL CURRENT ASSETS213,826,9729,277,2380223,104,210223,104,210243,620,041
TOTAL ASSETS1,312,110,4717,743,86901,319,854,3401,319,854,3401,358,866,115
Share_Capital_Cons10,415,83710,415,837
Treasury Shares(1,494,112)(1,494,112)
Share premium reserve58,861,31958,861,319
Total paid in capital67,783,043067,783,043
Other Equity330,439,544583,178150,000331,172,722
TOTAL RETAINED EARNINGS330,439,544331,172,722
Result of the year73,811,99773,811,997
Minority Interests(67,000)(67,000)
TOTAL SHAREHOLDERS' EQUITY471,967,584583,178150,000472,700,762472,700,762471,920,066
Pension liabilities4,247,7484,247,7484,247,7484,247,748
Deferred taxes1,533,369(1,533,369)0
Mortgage debt/lease obligations802,772,268802,772,268802,772,268837,103,799
Loan from group companies00
Other long term debt2,074,2142,074,2142,074,2141,973,707
TOTAL LONG TERM DEBT810,627,599(1,533,369)809,094,231809,094,231843325254.66
Taxes payable(14,488)0(14,488)
Provisions for dividends00
Payables group companies(9,277,238)9,277,238(0)(0)(0)
Balance differance0
Other current liabilities38,807,014(583,178)(150,000)38,073,83638,059,34743,620,794
TOTAL CURRENT LIABILITIES29,515,2878,694,060(150,000)38,059,34738,059,34743,620,794
TOTAL LIABILITIES AND SHAREHOLDERS' EQUI1,312,110,4717,743,86901,319,854,3401,319,854,3391,358,866,115
0(0)0(0)0(0)
Q3FR PLUGGING
Total shareholders' equity471,920,066Total shareholders' equity471,920,066
Periodens resultat20,033,807Periodens resultat19,883,807
Korreskjon p utsatt skatt0Korreskjon p utsatt skatt0
Emisjon0Emisjon0
Kjp egne aksjer-19,322,602Kjp egne aksjer(19,322,602)
Minoritet67,000Minoritet67,000
Equity 30.06.01472,698,271Equity 30.06.01472,481,271
Iflg HE472,700,762Iflg HE471,967,584
Diff-2,491Diff513,687
Akkumulert Q3FR PLUGGING
Total shareholders' equity419,682,000Total shareholders' equity419,682,000
rets resultat73,962,997rets resultat73,812,997
Korreskjon p utsatt skatt0Korreskjon p utsatt skatt0
Emisjon0Emisjon0
Kjp egne aksjer-20,944,235Kjp egne aksjer-20,944,235
Equity 30.06.01472,700,762Equity 30.06.01472,550,762
Iflg HE472,700,762Iflg HE471,967,584
Diff-0Diff583,178
ANALYSE AV DIFFERANSE
LHUK pga import av ny IB
UB i LHUK Hyperion 31.1212,738,972
UB i LHUK Hyperion 30.0912,955,309(216,337)
HUAL AS, gitt Geir beskjed(123,000)
Uforklart, ganske nrme balansedifferansen(243,841)
SUM(583,178)
Import
LHCHFSCUACUNIGAVRCBULCPCLOPHCMECAMECEGORBHFACHFSPKSSELHCMSKELGORALHHEGASMLHUK_ConsLIQSHHBCLIQCLHRPLHSCLHSEHGGAEMCGANEHGGEAVREPCLEHOICHFS_LHSLSM_LHSHUALJVL_ConsUni_ConsElim_TC
Freight Revenues508,174,43320,474,78024,687,76636,498,2117,955,16917,954,24604,070,93416,320,085363,499,596-550,00030,218,353
Freight revenue from group companies-4,114,437-5,026,675813,72045,0002,799,8869,763,418-981,928-46,340,64534,812,788
Elim_Freight-130,527,603-5,026,675-9,282,000-981,928-115,237,000
Other revenues4,512,292-2,435-2533,148,912-12031,53135,000-4,8681,292,76017,7128,602
Other revenues from group companies, ope3,295,82829,282-188,0653,473,426-178,766650,029-808,029-165,748
Voyage Expenses214,995,1494,575,99215,982,1039,528,1037,00012,860,820171,461,000583,631
Income on T/C-basis296,872,96829,28215,898,7883,678,98826,970,1087,757,6694,286,8923,015,146650,0292,799,886-12017,177,7489,798,4183,900,3183,770,09717,712145,697,95134,271,38929,634,723
Charterhire exp81,086,7064,521,6552,845,0303,606,02170,114,000
Elim_Charter_Group-130,527,603-5,026,675-9,282,000-981,928-115,237,000
Charterhire expenses to group companies00000
Crew Expenses28,377,0641,020,66114,944,3381,458,8847,271,3833,681,797
Other operating expenses50,624,1003,338,747-147,4901,231,980-3,2963,552,1521,399,3402,528019,320,823726,73216,954,1556,083,0251,610,853
Other operating expenses group companies5,618,34441,8893,643,4121,549,359404,210
General administrative expenses5,998,5271,65619,3714,9685,969,0942,2504,500
OPERATING PROFIT BEFORE DEPRECIATION125,168,227-12,60711,377,134833,95826,970,1084,417,267643,4811,613,277650,029143,035-16,19613,620,6282,429,9843,895,540164,075-34,247,449-2,185,61751,358,41324,502,06828,023,870
Gain/(loss) sale of vessels-243,642-4,390-239,252
Gain/(loss) sale of other assets12,887,7158,812,119-3,983,4098,059,005
Ordinary depreciation vessels48,464,824235,0803,714,74139,543,663-7,889,562837,146673,154-49,8463,254,4368,219,4141,901,508
Ordinary depreciation other7,208,81445,050115,597129,1386,919,029
OPERATING PROFIT82,138,662-12,6078,812,11911,377,134833,95826,970,1084,182,187643,481-2,415,1828,059,005650,029143,035-16,1969,905,887-37,233,6667,889,5623,058,394-673,15449,846-129,138164,075-34,247,449-2,185,61741,184,94816,043,40226,122,362
Consolidated profit associated companies236,000196,00040,000
Interest income bank6,838,57636,13849,40655,46214,26531,92280,6688,3881,03014,7566,162,6796,12323,98735,050238,27294,941
Interest income other86,621-1566847,2311,589-11,1878,076,494-6,892-16,0932,018-7,655,428-932,810-366,202949,7170
Interest income group companies325,074-25,92523,535-1,348,1361,563,9701,138,159-1,026,529
Interest expenses other137,02728,20698253-18,19818126,649
Currency exchange gain/(loss)-4,600,167-8,322-43,718-20,255-1,954,03321,24002-2,390,259-12,033-96,333-57,265-39,1900
Unrealized currency exchange gain/(loss)-1,737,165-24,979-95,992-477,63832,486-6,100-1,080,657-149,00941,98414,4498,290
Unrealized currency exchange gain/(loss)
Interest mortgage debt35,144,55128,331,0895,717,0961,096,366
Interest leased vessels6,468,9678,1081,911,0724,549,788
Shares_Options_Bonds19,693,85124,812,990-5,119,139
Dividend from group companies0-4,800,0008,059,005-8,059,005-14,300,0009,550,000
Other_Fin_Items14,590,602-1,340-23,0493,171-5550-3,3665,049,0410-79,127-428-7199,725,070-153-8,10819,317-85,030-4,761
PROFIT BEFORE EXTRAORDINARY ITEMS75,821,508-12,7638,812,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,874,849040,000650,029119,1311,526,183-4,378,056-57,127,2057,889,5622,131,555-673,15449,846-129,138-347,289-34,247,449-2,185,61736,618,93810,308,77325,025,995
Other extraordinary items
Profit before tax75,821,508-12,7638,812,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,874,849040,000650,029119,1311,526,183-4,378,056-57,127,2057,889,5622,131,555-673,15449,846-129,138-347,289-34,247,449-2,185,61736,618,93810,308,77325,025,995
Taxes2,008,511315-7,500,0004,9257,449,6527,886798,785-5,004111,9511,140,000
Consolidated profit
Minority interest1,0001,000
NET PROFIT73,811,997-12,763-31516,312,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,869,923-7,449,65240,000650,029111,244727,398-4,378,056-57,122,2017,889,5622,131,555-673,15449,846-129,138-459,240-34,247,449-2,185,61735,477,93810,308,77325,025,995
Goodwill78,475,709344,36978,131,340
Deferred tax, benefit5,994,86520,4979,903,076-12,666,7078,738,000
Vessels980,009,1286,502,383289,77931,727,806673,177,176-63,605,34727,631,2723,813,183-1,566,6922,070,609105,741,476172,034,78141,307,796
Newbuildings000
Provision for drydocking10,405,739250,6793,997,005408,0723,913,3861,824,68511,911
Other_Fixed_Assets10,802,04220,2621,547,422314,5856,930,30612,5226,9751,907,00072,899
Shares in Group Companies390,070,48545,00131,046207,928,383126,714171,194,962-46,002,28756,746,666
Reversal of Shares in Group Companies-390,070,485
Consolidated Shares in Group Companies0
Shares in associated companies2,442,240019,25038,29552,800026,07132,23101,904,732368,861
Reversal of Shares in Associated Comp-98,121
Consolidated Shares in Associated Comp2,344,119
Elim_Loan_Group-71,652,180
Loan to group companies162,95911,260,12434,050,69633,647,506-0-7,143,186
Other shares2,790,832-444,977624,5972,611,211
Other long term receivables7,298,1060024,1226,268,670611,314394,000
Pension premium
TOTAL FIXED ASSETS1,098,283,49920,26245,0011,547,42206,502,3830409,50038,295-444,977243,257,734-12,666,7070389,91634,076,76631,727,80632,231881,242,169-109,607,63427,631,2721,904,7323,813,183-1,566,692344,3696,9756,067,614408,072190,087,202173,932,365100,030,048
Receivables group companies-2,735,830952,047-410,49240,640,40084,908,708778,238383,097239,251,7372,021,016-478,100-1,007,169-63,836-467,245,819-29,545,230-18,054,881-2,507,244-54,09289,833,48127,257,26912,463,52318,498,718
Other Current Assets27,875,59610,500-325,585163,963-1,202,446-903,910-38,092-887,401185,53813,1583,548874,3590692,978-3,869,6041,897,61429,949,26439,456833,801
Inventories13,981,490517,050773,51984,73218,55001,001,852601,56810,911,61030,96841,641
Marketable securities130,335,48913,994,827116,340,662
Bank_Deposits44,370,227128,137597428,3441,166,4063,783,5431,289,392784,2471,623,271277,650150,0408,8525,689,909925,9651,520,1121,791,61024,572,704824,005117,352
TOTAL_CURRENT_ASSETS213,826,972138,637952,047-409,89541,260,2091,330,36988,263,3241,163,7201,129,252254,067,1652,021,0163,63813,158-857,129-51,436-344,340,889-28,619,265692,978-19,402,5221,783,548-54,092155,267,05928,151,69713,456,31718,498,718
Total Assets1,312,110,471158,899997,047-409,89541,260,2092,877,79188,263,3247,666,10301,538,75238,295-444,977497,324,899-12,666,70702,021,016393,55413,15833,219,63731,676,37132,231536,901,280-109,607,634-987,9931,904,7323,813,183-1,566,692692,978344,369-19,395,5477,851,163353,980345,354,261202,084,062113,486,36518,498,718
Share_Capital145,549,54360,00123,8462,963499,904500,000133,10310,415,837163,50513,1583,192,316127,367,89012,0001,000,000200,0002,000,000251,000
Share_Capital_Elim-135,133,706
Share_Capital_Cons10,415,837
Capital stock tresury shares-1,494,112-1,494,112
Share premium reserve58,861,3193,549,37155,310,982966
Total paid in capital67,783,04360,0013,573,2162,963499,904500,000133,10364,232,706163,50513,1583,192,316127,367,89012,0001,000,000200,0002,000,000251,966
Reserve for valuation variances
Elim shares in group companies-390,070,485
Elim shares in associated companies137,879
Elim Share Capital135,133,706
Other Equity330,439,544-326-2,575,855-16,312,119-412,85830,167,848-176,71962,566,2822,968,6184,800,0000322,77838,295-444,977355,750,923-7,210,15901,370,9871,968,75327,328,25336,000,17532,231-32,134,081-117,497,196-956,9341,904,7324,486,337-1,616,538692,978473,507-18,996,164154,931,13921,965,36779,188,68518,498,718
TOTAL RETAINED EARNINGS330,439,544-326-2,575,855-16,312,119-412,85830,167,848-176,71962,566,2822,968,6184,800,0000322,77838,295-444,977355,750,923-7,210,15901,370,9871,968,75327,328,25336,000,17532,231-32,134,081-117,497,196-956,9341,904,7324,486,337-1,616,538692,978473,507-18,996,164154,931,13921,965,36779,188,68518,498,718
Result of the year73,811,997-12,763-31516,312,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,869,923-7,449,65240,000650,029111,244727,398-4,378,056-57,122,2017,889,5622,131,555-673,15449,846-129,138-459,240-34,247,449-2,185,61735,477,93810,308,77325,025,995
Minority Interests-67,000-196,000-40,000169,000
TOTAL SHAREHOLDERS' EQUITY471,967,58446,912997,0470-409,89541,571,5251,183,50089,519,4267,666,103001,023,91938,295-444,977459,853,552-14,659,81102,021,0162,243,50313,15831,247,96731,622,11932,23138,111,608-109,607,6341,186,6211,904,7323,813,183-1,566,692692,978344,369-18,455,405-34,247,449-2,185,617190,778,07634,274,140104,466,64718,498,718
Pension liabilities4,247,74873,2024,174,546
Deferred taxes1,533,36901,752,368-219,000
Deferred income00
Provisions for losses
Mortgage debt/lease obligations802,772,268013,986544,767,406106,113,970131,000,00020,883,900
Rev_Loan_Group-71,652,180
Loan from group companies034,610,674033,647,5063,394,000
Other long term debt2,074,214482,79140,263-49,0281,302,833317,487
TOTAL LONG TERM DEBT810,627,599073,20239,268,0111,752,36854,248544,718,378107,197,802164,964,99324,277,900
Taxes payable-14,4880-1,5090-11,174219,302-221,107
Provisions for dividends
Payables group companies-9,277,23821,06200-4,169,273-2,139,365-50,674,107-2,174,61467,09439,104,8472,539,59724,320,715-10-16,162,863
Balance differance-183,713000002000000000004,198003000000000048,08500000
Other current liabilities38,807,01490,925000-311,3161,694,291-1,256,102000443,139002,372,6091,993,10400300,59100304,966,5080000000-1,007,2372,993,765023,057,6682,844,939904,6810
TOTAL CURRENT LIABILITIES29,515,287111,987000-311,3161,694,291-1,256,102000441,63100-1,796,6641,993,10400-1,849,9490219,30230-45,928,7060-2,174,61400000-940,14342,098,6122,539,59747,378,3822,844,929-15,258,1820
TOTAL LIABILITIES AND SHAREHOLDERS' EQUI1,312,110,471158,899997,0470-409,89541,260,2092,877,79188,263,3247,666,103001,538,75238,295-444,977497,324,899-12,666,70702,021,016393,55413,15833,219,63731,676,37132,231536,901,280-109,607,634-987,9931,904,7323,813,183-1,566,692692,978344,369-19,395,5477,851,163353,980345,354,261202,084,062113,486,36518,498,718
-
LEIF HEGH & CO
BALANCE SHEETS
Resultat
Leif Hegh & Co. Konsernet
Resultatregnskap
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Totalt
30/930/930/930/9
Fraktinntekter, netto168206508519204832572990773646
Reiseavhengige kostnader(66502(214995(109442(288401(402601
Leie innbefraktede skip(24753(81087(38220(112240(137272
Driftskostnader(27427(81270(22795(70665(101578
Generelle administrasjonskostnader(2649(5999(1608(4979(8621
Driftsresultat fr salgsgevinster og avskrivninger468751251683276796705123574
Gevinst ved salg av anleggsmidler0126447741507908
Ordinre avskrivninger anleggsmidler(18715(55674(17259(45884(68905
Driftsresultat2816082139162825232855577
Resultat tilknyttede selskaper0.04498(10624(15520
Renteinntekter23507113277772649727
Rentekostnader(10705(41614(17708(45350(59312
Andre finansposter204423685101192059132513
Resultat fr skattekostnad2185175822113643485722985
Skattekostnad(1817(1859(834(2461(3499
RESULTAT2003473963105303239619486
Minoritetens andel0.00.0(70(124(909
Majoritetens andel2003473963106003252020395
Resultat pr. aksje0.642.280.290.980.60
Kontantstrm pr. aksje1.013.390.752.322.98
Balanse
Leif Hegh & Co. Konsernet
Balanse
(USD 1 000)
200120002000
30/930/931/12
Utsatt skattefordel446175539568
Goodwill784768801285524
Totale immaterielle eiendeler829379556595092
Skip9800099094021023902
Nybygninger0.0472860
Andre varige driftsmidler212083279521333
Totale varige driftsmidler10012179894831045235
Investeringer i aksjer52983129215805
Langsiktige fordringer7298419914202
Totale finansielle anleggsmidler125963549130007
Totale anleggsmidler109675011205391170334
Beholdninger139811890715720
Fordringer344175619764041
Omsettelige verdipapirer130335171840112639
Bankinnskudd443706288965625
Totale omlpsmidler223104309833258025
TOTALE EIENDELER131985414303721428359
Innskutt egenkapital642336478064780
Opptjent egenkapital408468395090354902
Total egenkapital472701459870419682
Totale avsetninger for forpliktelser424844514175
Pantegjeld/leaseforpliktelser802772867924915914
Annen langsiktig gjeld207422543356
Total langsiktig gjeld804846870178919270
Total kortsiktig gjeld380599587385232
TOTAL EGENKAPITAL OG GJELD131985414303721428359
Egenkapitaloppstilling
(USD 1 000)200120002000
01.01-30.0901.01-30.09Total
Egenkapital 01.01.419,682376,194376,194
Emisjon0.051,15751,157
Resultat73,96332,52019,486
Kjp av egne aksjer(20,944)0.0(27,155)
Egenkapital i slutten av perioden472,701459,870419,682
kontantstrm
Leif Hegh & Co. Konsernet
Kontantstrmoppstilling
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Totalt
30/930/930/930/9
Brutto kontanstrm fra operasjonelle aktiviteter370701099152712276750101700
Endring i kortsiktige fordringer/gjeld og verdipapirer233(398066632(65469(35142
Netto kontantstrm fra operasjonell aktiviteter3730370109337541128166558
Netto kontantstrm fra investeringsaktiviteter(1932316157(17232(288037(360804
Netto kontantstrm fra finansaktiviteter(33513(107521(27802283034303260
Netto endring i kontanter og kontantekvivalenter(15533(21255(1128062789014
Kontanter og kontantekvivalenter ved periodens begynnelse5990365625741695661156611
Kontanter og kontantekvivalenter ved periodens slutt4437044370628896288965625
Seg info no
Leif Hegh & Co. Konsernet
Rapport pr segment
(USD 1 000)
HUALKontraktshipping
3. kvartal1-3. kvartal3. kvartal1-3. kvartal
20012000200120002001200020012000
Fraktinntekter126,483104,432362,950287,65312,43015,27738,14941,363
Reiseavhengige kostnader(57,198)(54,258)(171,461)(141,182)(866)(603)(4,579)(3,177)
Fraktinntekter p T/C basis69,28550,174191,489146,47111,56414,67433,57038,186
Leie innbefraktede skip(22,367)(17,070)(70,114)(53,116)(1,410)(6,142)(4,521)(13,629)
Personellkostnader og andre driftskostnader(11,637)(10,478)(36,244)(28,399)(3,022)(1,594)(8,947)(6,444)
Driftsresultat fr salgsgevinster og avskrivninger35,28122,62685,13164,9567,1336,93820,10318,113
Gevinst/(tap) ved salg av skip2420000000
Ordinre avskrivninger(12,708)(11,705)(38,492)(29,402)(2,479)(2,069)(7,000)(6,171)
Nedskrivning skip00000000
Driftsresultat22,81510,92146,63935,5544,6544,86913,10311,942
Hegh LinesKjleskip
3. kvartal1-3. kvartal3. kvartal1-3. kvartal
20012000200120002001200020012000
Fraktinntekter18,37834,78572,480104,8068,42749,40230,218137,164
Reiseavhengige kostnader(8,289)(22,131)(38,370)(67,326)(150)(32,441)(585)(76,566)
Fraktinntekter p T/C basis10,08912,65434,11037,4808,27716,96029,63360,597
Leie innbefraktede skip(975)(5,314)(6,452)(15,874)0(9,706)0(29,620)
Personellkostnader og andre driftskostnader(5,028)(5,906)(15,528)(17,813)(5,732)(5,293)(17,132)(17,137)
Driftsresultat fr salgsgevinster og avskrivninger4,0861,43412,1303,7932,5451,96112,50113,840
Gevinst/(tap) ved salg av skip079501,505(388)(21)12,5002
Ordinre avskrivninger(1,078)(1,077)(3,234)(3,231)(2,250)(2,253)(6,750)(6,839)
Nedskrivning skip00000000
Driftsresultat3,0081,1528,8962,067(93)(313)18,2517,003
Result
Leif Hegh & Co. Consolidated
Statements of income
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Total
30/930/930/930/9
Freight revenues168206508519204832572990773646
Voyage expenses(66502(214995(109442(288401(402601
T/C Income10170429352495390284589371045
Charterhire expenses(24753(81087(38220(112240(137272
Operating expenses(27427(81270(22795(70665(101578
General administrative expenses(2649(5999(1608(4979(8621
Operating profit before sales gain and deprecation468751251683276796705123574
Gain on sale of assets0126447741507908
Ordinary deprecation of assets(18715(55674(17259(45884(68905
Operating profit2816082139162825232855577
Profit(-loss) associated companies0.04498(10624(15520
Interest income23507113277772649727
Interest expenses(10705(41614(17708(45350(59312
Other financial items204423685101192059132513
Profit before tax2185175822113643485722985
Tax(1817(1859(834(2461(3499
NET PROFIT2003473963105303239619486
Minorities' share0.00.0(70(124(909
Majorities' share2003473963106003252020395
Net profit per share0.642.280.290.980.60
Cashflow per share1.013.390.752.322.98
Balance sheet
(USD million)20012000
31/1231/12
Deferred tax asset446175539568
Goodwill784768801285524
Intangible assets7995
Vessels9800091023902
Newbuildings0.00
Other tangible assets2120821333
Vessels9631023
Investments in shares529815805
Long term receivables729814202
Other tangible assets4151
Bunker and inventory1398115720
Receivables3441764041
Other current assets7580
Marketable securities130335112639
Bank deposits4437065625
Bank deposits / Marketable securities178178
Total assets13361428
Paid in equity6423364780
Other equity408468354902
Shareholder's equity475420
Mortgage debt/lease obligations781916
Mortgage debt/lease obligations802772915914
Other long term liabilities20743356
Other long term liabilities77
Current liabilities7385
Total shareholder's equity and liabilities13361428
Equity Statements
(USD 1 000)200120002000
01.01-30.0901.01-30.09Total
Equity 01.01.419,682376,194376,194
Rights' issue0.051,15751,157
Profit of the period73,96332,52019,486
Buy-back own shares(20,944)0.0(27,155)
Total equity end period472,701459,870419,682
cash flow
Leif Hegh & Co. Consolidated
Cashflow statements
(USD 1 000)20012001200020002000
01.07-01.01-01.07-01.01-Total
30/930/930/930/9
Total cashflow from operational activities370701099152712276750101700
Movements in current assets/liabilities
and maredtable securities233(398066632(65469(35142
Net cashflow from operational activities37303701093375411281101700
Net cashflow from investment activities(1932316157(17232(288037(360803
Net cashflow from financing activities(33513(107521(27802283034303260
Net movement in cash and cash equivalents(15533(21255(11280627844157
Cash and cash equivalents per start of period5990365625741695661156611
Cash and cash equivalent per end period44370443706288962889100768
Seg info eng
Leif Hegh & Co. Consolidated
Report per segment
(USD 1 000)
HUALContractshipping
3rd quarter3 quarters3rd quarter3 quarters
20012000200120002001200020012000
Freight revenues, net126,483104,432362,950287,65312,43015,27738,14941,363
Voyage expenses(57,198)(54,258)(171,461)(141,182)(866)(603)(4,579)(3,177)
Income on T/C basis69,28550,174191,489146,47111,56414,67433,57038,186
Charterhire expenses(22,367)(17,070)(70,114)(53,116)(1,410)(6,142)(4,521)(13,629)
Crew and other operating expenses(11,637)(10,478)(36,244)(28,399)0000
Operating profit/(loss) before capital gains/losses7,1336,93820,10318,113
on sale of vessels and depreciation35,28122,62685,13164,956
Capital gains/(losses) on sale of vessels2420000000
Depreciation(12,708)(11,705)(38,492)(29,402)(2,479)(2,069)(7,000)(6,171)
Additional write-downs00000000
Operating profit/loss22,81510,92146,63935,5544,6544,86913,10311,942
Hegh LinesReefers
3rd quarter3 quarters3rd quarter3 quarters
20012000200120002001200020012000
Freight revenues, net18,37834,78572,480104,8068,42749,40230,218137,164
Voyage expenses(8,289)(22,131)(38,370)(67,326)(150)(32,441)(585)(76,566)
Income on T/C basis10,08912,65434,11037,4808,27716,96029,63360,597
Charterhire expenses(975)(5,314)(6,452)(15,874)0(9,706)0(29,620)
General administrative expenses0000(5,732)(5,293)(17,132)(17,137)
Operating profit/(loss) before capital gains/losses4,0861,43412,1303,793
on sale of vessels and depreciation2,5451,96112,50113,840
Capital gains/(losses) on sale of vessels079501,505(388)(21)12,5002
Depreciation(1,078)(1,077)(3,234)(3,231)(2,250)(2,253)(6,750)(6,839)
Additional write-downs00000000
Operating profit/loss3,0081,1528,8962,067(93)(313)18,2517,003
EBTIA eng & no
Leif Hegh & Co Consolidated
Development in operating profit per segment
(USD 1 000 000)
199920002001
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
HUAL119891014111181623-
Contract shipping42424445855-
Hegh Lines-3-3100110653-
Reefers11-4-7430-31840-
Total1399418221613403031-
Leif Hegh & Co Konsernet
Utvikling i resultat pr segment
(USD 1 000 000)
Business Untis199920002001
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
HUAL119891014111181623-
Kontraktshipping42424445855-
Hegh Lines-3-3100110653-
Kjleskip11-4-7430-31840-
Sum1399418221613403031-
PL-Balance Sheet
LHC Konsern
30-Sep-01
Input fra HEElimineringerKorreksjononerQ2
Freight Revenues508,174,433508,174,433
Freight revenue from group companies(4,114,437)(1,106,973)(5,221,410)
Other revenues4,512,2924,512,292
Other revenues from group companies, ope3,295,828(2,242,338)1,053,490508,518,805340,312,439168,206,365.89
Voyage Expenses214,995,149(214,995,149)(214,995,149)(148,492,990)(66,502,158.58)
T/C INCOME296,872,968(3,349,311)0293,523,657
Charterhire exp pool/services81,086,7060(81,086,706)
Charterhire expenses to group companies00(81,086,706)(56,334,060)(24,752,645.64)
Crew Expenses28,377,064(28,377,064)
Other operating expenses50,624,100(50,624,100)
Other operating expenses group companies5,618,344(3,349,311)(2,269,033)(81,270,197)(53,842,745)(27,427,452.08)
General administration expenses5,998,527(5,998,527)(5,998,527)(3,349,311)(2,649,215.65)
OPERATING PROFIT BEFORE DEPRECIATION125,168,22700125,168,227125,168,22778,293,33346,874,893.84
Gain/(loss) sale of vessels(243,642)(243,642)
16,312,119Gain/(loss) sale of other assets12,887,71512,887,71512,644,07312,645,584(1,511.58)
Ordinary depreciation vessels48,464,824(48,464,824)
Ordinary depreciation other7,208,814(7,208,814)(55,673,638)(36,960,711)(18,712,926.14)
OPERATING RESULT82,138,6620082,138,66282,138,66253,978,20628,160,456.12
Result associated companies236,0004,262,0004,498,0004,498,0004,498,0000.00
Interest income bank6,838,5766,838,576
Interest income other86,62186,621
Interest income group companies325,074325,0747,113,2444,762,8532,350,391.43
Interest expenses other137,027(137,027)
Currency exchange gain/(loss)(4,600,167)(4,600,167)
Unrealized currency exchange gain/(loss)(1,737,165)(1,737,165)
Unrealized currency exchange gain/(loss)00
Interest mortgage debt35,144,551(35,144,551)
Interest leased vessels6,468,967(6,468,967)(41,613,519)(30,908,849)(10,704,669.22)
Shares_Options_Bonds19,693,851019,693,851
Dividend from group companies000
Other_Fin_Items14,590,602(4,262,000)10,328,60223,685,12021,640,7502,044,369.81
PROFIT BEFORE EXTRAORDINARY ITEMS75,821,5080075,821,50875,821,50853,970,95921,850,548.14
PROFIT BEFORE TAX
Taxes2,008,511(150,000)1,858,5111,858,51141,7691,816,741.55
CONSOLIDATED PROFIT073,962,99773,962,99753,929,19020,033,806.59
Minority interest1,0001,00000
NET PROFIT73,811,9970(150,000)73,961,99773,962,99753,929,19020,033,806.59
Goodwill78,475,70978,475,70978,475,70980,825,098
Deferred tax, benefit5,994,865(1,533,369)4,461,4964,461,4964,094,496
Vessels980,009,128980,009,128980,009,128995,463,820
Newbuildings0000
Provision for drydocking10,405,73910,405,739
Other_Fixed_Assets10,802,04210,802,04221,207,78121,547,905
Consolidated Shares in Group Companies00
Consolidated Shares in Associated Comp2,344,1192,344,119
Loan to group companies162,959162,959
Other shares2,790,8322,790,8325,297,9095,297,909
Other long term receivables7,298,1067,298,1067,298,1068,016,845
TOTAL FIXED ASSETS1,098,283,499(1,533,369)1,096,750,1301,096,750,1301,115,246,073
Receivables group companies(2,735,830)9,277,2386,541,408
Other Current Assets27,875,59627,875,59634,417,00439,421,139
Inventories13,981,49013,981,49013,981,49013,017,368
Marketable securities130,335,489130,335,489130,335,489131,278,201
Bank Deposits44,370,22744,370,22744,370,22759,903,332
TOTAL CURRENT ASSETS213,826,9729,277,2380223,104,210223,104,210243,620,041
TOTAL ASSETS1,312,110,4717,743,86901,319,854,3401,319,854,3401,358,866,115
Share_Capital_Cons10,415,83710,415,837
Treasury Shares(1,494,112)(1,494,112)
Share premium reserve58,861,31958,861,319
Total paid in capital67,783,043067,783,043
Other Equity330,439,544583,178150,000331,172,722
TOTAL RETAINED EARNINGS330,439,544331,172,722
Result of the year73,811,99773,811,997
Minority Interests(67,000)(67,000)
TOTAL SHAREHOLDERS' EQUITY471,967,584583,178150,000472,700,762472,700,762471,920,066
Pension liabilities4,247,7484,247,7484,247,7484,247,748
Deferred taxes1,533,369(1,533,369)0
Mortgage debt/lease obligations802,772,268802,772,268802,772,268837,103,799
Loan from group companies00
Other long term debt2,074,2142,074,2142,074,2141,973,707
TOTAL LONG TERM DEBT810,627,599(1,533,369)809,094,231809,094,231843325254.66
Taxes payable(14,488)0(14,488)
Provisions for dividends00
Payables group companies(9,277,238)9,277,238(0)(0)(0)
Balance differance0
Other current liabilities38,807,014(583,178)(150,000)38,073,83638,059,34743,620,794
TOTAL CURRENT LIABILITIES29,515,2878,694,060(150,000)38,059,34738,059,34743,620,794
TOTAL LIABILITIES AND SHAREHOLDERS' EQUI1,312,110,4717,743,86901,319,854,3401,319,854,3391,358,866,115
0(0)0(0)0(0)
Q3FR PLUGGING
Total shareholders' equity471,920,066Total shareholders' equity471,920,066
Periodens resultat20,033,807Periodens resultat19,883,807
Korreskjon p utsatt skatt0Korreskjon p utsatt skatt0
Emisjon0Emisjon0
Kjp egne aksjer-19,322,602Kjp egne aksjer(19,322,602)
Minoritet67,000Minoritet67,000
Equity 30.06.01472,698,271Equity 30.06.01472,481,271
Iflg HE472,700,762Iflg HE471,967,584
Diff-2,491Diff513,687
Akkumulert Q3FR PLUGGING
Total shareholders' equity419,682,000Total shareholders' equity419,682,000
rets resultat73,962,997rets resultat73,812,997
Korreskjon p utsatt skatt0Korreskjon p utsatt skatt0
Emisjon0Emisjon0
Kjp egne aksjer-20,944,235Kjp egne aksjer-20,944,235
Equity 30.06.01472,700,762Equity 30.06.01472,550,762
Iflg HE472,700,762Iflg HE471,967,584
Diff-0Diff583,178
ANALYSE AV DIFFERANSE
LHUK pga import av ny IB
UB i LHUK Hyperion 31.1212,738,972
UB i LHUK Hyperion 30.0912,955,309(216,337)
HUAL AS, gitt Geir beskjed(123,000)
Uforklart, ganske nrme balansedifferansen(243,841)
SUM(583,178)
Import
LHCHFSCUACUNIGAVRCBULCPCLOPHCMECAMECEGORBHFACHFSPKSSELHCMSKELGORALHHEGASMLHUK_ConsLIQSHHBCLIQCLHRPLHSCLHSEHGGAEMCGANEHGGEAVREPCLEHOICHFS_LHSLSM_LHSHUALJVL_ConsUni_ConsElim_TC
Freight Revenues508,174,43320,474,78024,687,76636,498,2117,955,16917,954,24604,070,93416,320,085363,499,596-550,00030,218,353
Freight revenue from group companies-4,114,437-5,026,675813,72045,0002,799,8869,763,418-981,928-46,340,64534,812,788
Elim_Freight-130,527,603-5,026,675-9,282,000-981,928-115,237,000
Other revenues4,512,292-2,435-2533,148,912-12031,53135,000-4,8681,292,76017,7128,602
Other revenues from group companies, ope3,295,82829,282-188,0653,473,426-178,766650,029-808,029-165,748
Voyage Expenses214,995,1494,575,99215,982,1039,528,1037,00012,860,820171,461,000583,631
Income on T/C-basis296,872,96829,28215,898,7883,678,98826,970,1087,757,6694,286,8923,015,146650,0292,799,886-12017,177,7489,798,4183,900,3183,770,09717,712145,697,95134,271,38929,634,723
Charterhire exp81,086,7064,521,6552,845,0303,606,02170,114,000
Elim_Charter_Group-130,527,603-5,026,675-9,282,000-981,928-115,237,000
Charterhire expenses to group companies00000
Crew Expenses28,377,0641,020,66114,944,3381,458,8847,271,3833,681,797
Other operating expenses50,624,1003,338,747-147,4901,231,980-3,2963,552,1521,399,3402,528019,320,823726,73216,954,1556,083,0251,610,853
Other operating expenses group companies5,618,34441,8893,643,4121,549,359404,210
General administrative expenses5,998,5271,65619,3714,9685,969,0942,2504,500
OPERATING PROFIT BEFORE DEPRECIATION125,168,227-12,60711,377,134833,95826,970,1084,417,267643,4811,613,277650,029143,035-16,19613,620,6282,429,9843,895,540164,075-34,247,449-2,185,61751,358,41324,502,06828,023,870
Gain/(loss) sale of vessels-243,642-4,390-239,252
Gain/(loss) sale of other assets12,887,7158,812,119-3,983,4098,059,005
Ordinary depreciation vessels48,464,824235,0803,714,74139,543,663-7,889,562837,146673,154-49,8463,254,4368,219,4141,901,508
Ordinary depreciation other7,208,81445,050115,597129,1386,919,029
OPERATING PROFIT82,138,662-12,6078,812,11911,377,134833,95826,970,1084,182,187643,481-2,415,1828,059,005650,029143,035-16,1969,905,887-37,233,6667,889,5623,058,394-673,15449,846-129,138164,075-34,247,449-2,185,61741,184,94816,043,40226,122,362
Consolidated profit associated companies236,000196,00040,000
Interest income bank6,838,57636,13849,40655,46214,26531,92280,6688,3881,03014,7566,162,6796,12323,98735,050238,27294,941
Interest income other86,621-1566847,2311,589-11,1878,076,494-6,892-16,0932,018-7,655,428-932,810-366,202949,7170
Interest income group companies325,074-25,92523,535-1,348,1361,563,9701,138,159-1,026,529
Interest expenses other137,02728,20698253-18,19818126,649
Currency exchange gain/(loss)-4,600,167-8,322-43,718-20,255-1,954,03321,24002-2,390,259-12,033-96,333-57,265-39,1900
Unrealized currency exchange gain/(loss)-1,737,165-24,979-95,992-477,63832,486-6,100-1,080,657-149,00941,98414,4498,290
Unrealized currency exchange gain/(loss)
Interest mortgage debt35,144,55128,331,0895,717,0961,096,366
Interest leased vessels6,468,9678,1081,911,0724,549,788
Shares_Options_Bonds19,693,85124,812,990-5,119,139
Dividend from group companies0-4,800,0008,059,005-8,059,005-14,300,0009,550,000
Other_Fin_Items14,590,602-1,340-23,0493,171-5550-3,3665,049,0410-79,127-428-7199,725,070-153-8,10819,317-85,030-4,761
PROFIT BEFORE EXTRAORDINARY ITEMS75,821,508-12,7638,812,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,874,849040,000650,029119,1311,526,183-4,378,056-57,127,2057,889,5622,131,555-673,15449,846-129,138-347,289-34,247,449-2,185,61736,618,93810,308,77325,025,995
Other extraordinary items
Profit before tax75,821,508-12,7638,812,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,874,849040,000650,029119,1311,526,183-4,378,056-57,127,2057,889,5622,131,555-673,15449,846-129,138-347,289-34,247,449-2,185,61736,618,93810,308,77325,025,995
Taxes2,008,511315-7,500,0004,9257,449,6527,886798,785-5,004111,9511,140,000
Consolidated profit
Minority interest1,0001,000
NET PROFIT73,811,997-12,763-31516,312,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,869,923-7,449,65240,000650,029111,244727,398-4,378,056-57,122,2017,889,5622,131,555-673,15449,846-129,138-459,240-34,247,449-2,185,61735,477,93810,308,77325,025,995
Goodwill78,475,709344,36978,131,340
Deferred tax, benefit5,994,86520,4979,903,076-12,666,7078,738,000
Vessels980,009,1286,502,383289,77931,727,806673,177,176-63,605,34727,631,2723,813,183-1,566,6922,070,609105,741,476172,034,78141,307,796
Newbuildings000
Provision for drydocking10,405,739250,6793,997,005408,0723,913,3861,824,68511,911
Other_Fixed_Assets10,802,04220,2621,547,422314,5856,930,30612,5226,9751,907,00072,899
Shares in Group Companies390,070,48545,00131,046207,928,383126,714171,194,962-46,002,28756,746,666
Reversal of Shares in Group Companies-390,070,485
Consolidated Shares in Group Companies0
Shares in associated companies2,442,240019,25038,29552,800026,07132,23101,904,732368,861
Reversal of Shares in Associated Comp-98,121
Consolidated Shares in Associated Comp2,344,119
Elim_Loan_Group-71,652,180
Loan to group companies162,95911,260,12434,050,69633,647,506-0-7,143,186
Other shares2,790,832-444,977624,5972,611,211
Other long term receivables7,298,1060024,1226,268,670611,314394,000
Pension premium
TOTAL FIXED ASSETS1,098,283,49920,26245,0011,547,42206,502,3830409,50038,295-444,977243,257,734-12,666,7070389,91634,076,76631,727,80632,231881,242,169-109,607,63427,631,2721,904,7323,813,183-1,566,692344,3696,9756,067,614408,072190,087,202173,932,365100,030,048
Receivables group companies-2,735,830952,047-410,49240,640,40084,908,708778,238383,097239,251,7372,021,016-478,100-1,007,169-63,836-467,245,819-29,545,230-18,054,881-2,507,244-54,09289,833,48127,257,26912,463,52318,498,718
Other Current Assets27,875,59610,500-325,585163,963-1,202,446-903,910-38,092-887,401185,53813,1583,548874,3590692,978-3,869,6041,897,61429,949,26439,456833,801
Inventories13,981,490517,050773,51984,73218,55001,001,852601,56810,911,61030,96841,641
Marketable securities130,335,48913,994,827116,340,662
Bank_Deposits44,370,227128,137597428,3441,166,4063,783,5431,289,392784,2471,623,271277,650150,0408,8525,689,909925,9651,520,1121,791,61024,572,704824,005117,352
TOTAL_CURRENT_ASSETS213,826,972138,637952,047-409,89541,260,2091,330,36988,263,3241,163,7201,129,252254,067,1652,021,0163,63813,158-857,129-51,436-344,340,889-28,619,265692,978-19,402,5221,783,548-54,092155,267,05928,151,69713,456,31718,498,718
Total Assets1,312,110,471158,899997,047-409,89541,260,2092,877,79188,263,3247,666,10301,538,75238,295-444,977497,324,899-12,666,70702,021,016393,55413,15833,219,63731,676,37132,231536,901,280-109,607,634-987,9931,904,7323,813,183-1,566,692692,978344,369-19,395,5477,851,163353,980345,354,261202,084,062113,486,36518,498,718
Share_Capital145,549,54360,00123,8462,963499,904500,000133,10310,415,837163,50513,1583,192,316127,367,89012,0001,000,000200,0002,000,000251,000
Share_Capital_Elim-135,133,706
Share_Capital_Cons10,415,837
Capital stock tresury shares-1,494,112-1,494,112
Share premium reserve58,861,3193,549,37155,310,982966
Total paid in capital67,783,04360,0013,573,2162,963499,904500,000133,10364,232,706163,50513,1583,192,316127,367,89012,0001,000,000200,0002,000,000251,966
Reserve for valuation variances
Elim shares in group companies-390,070,485
Elim shares in associated companies137,879
Elim Share Capital135,133,706
Other Equity330,439,544-326-2,575,855-16,312,119-412,85830,167,848-176,71962,566,2822,968,6184,800,0000322,77838,295-444,977355,750,923-7,210,15901,370,9871,968,75327,328,25336,000,17532,231-32,134,081-117,497,196-956,9341,904,7324,486,337-1,616,538692,978473,507-18,996,164154,931,13921,965,36779,188,68518,498,718
TOTAL RETAINED EARNINGS330,439,544-326-2,575,855-16,312,119-412,85830,167,848-176,71962,566,2822,968,6184,800,0000322,77838,295-444,977355,750,923-7,210,15901,370,9871,968,75327,328,25336,000,17532,231-32,134,081-117,497,196-956,9341,904,7324,486,337-1,616,538692,978473,507-18,996,164154,931,13921,965,36779,188,68518,498,718
Result of the year73,811,997-12,763-31516,312,11911,403,677860,31526,953,1444,197,485-4,800,000196,000568,03939,869,923-7,449,65240,000650,029111,244727,398-4,378,056-57,122,2017,889,5622,131,555-673,15449,846-129,138-459,240-34,247,449-2,185,61735,477,93810,308,77325,025,995
Minority Interests-67,000-196,000-40,000169,000
TOTAL SHAREHOLDERS' EQUITY471,967,58446,912997,0470-409,89541,571,5251,183,50089,519,4267,666,103001,023,91938,295-444,977459,853,552-14,659,81102,021,0162,243,50313,15831,247,96731,622,11932,23138,111,608-109,607,6341,186,6211,904,7323,813,183-1,566,692692,978344,369-18,455,405-34,247,449-2,185,617190,778,07634,274,140104,466,64718,498,718
Pension liabilities4,247,74873,2024,174,546
Deferred taxes1,533,36901,752,368-219,000
Deferred income00
Provisions for losses
Mortgage debt/lease obligations802,772,268013,986544,767,406106,113,970131,000,00020,883,900
Rev_Loan_Group-71,652,180
Loan from group companies034,610,674033,647,5063,394,000
Other long term debt2,074,214482,79140,263-49,0281,302,833317,487
TOTAL LONG TERM DEBT810,627,599073,20239,268,0111,752,36854,248544,718,378107,197,802164,964,99324,277,900
Taxes payable-14,4880-1,5090-11,174219,302-221,107
Provisions for dividends
Payables group companies-9,277,23821,06200-4,169,273-2,139,365-50,674,107-2,174,61467,09439,104,8472,539,59724,320,715-10-16,162,863
Balance differance-183,713000002000000000004,198003000000000048,08500000
Other current liabilities38,807,01490,925000-311,3161,694,291-1,256,102000443,139002,372,6091,993,10400300,59100304,966,5080000000-1,007,2372,993,765023,057,6682,844,939904,6810
TOTAL CURRENT LIABILITIES29,515,287111,987000-311,3161,694,291-1,256,102000441,63100-1,796,6641,993,10400-1,849,9490219,30230-45,928,7060-2,174,61400000-940,14342,098,6122,539,59747,378,3822,844,929-15,258,1820
TOTAL LIABILITIES AND SHAREHOLDERS' EQUI1,312,110,471158,899997,0470-409,89541,260,2092,877,79188,263,3247,666,103001,538,75238,295-444,977497,324,899-12,666,70702,021,016393,55413,15833,219,63731,676,37132,231536,901,280-109,607,634-987,9931,904,7323,813,183-1,566,692692,978344,369-19,395,5477,851,163353,980345,354,261202,084,062113,486,36518,498,718
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LEIF HEGH & CO
RESULTS BY YEAR
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LEIF HEGH & CO
OPERATING PROFIT BEFORE DEPRECIATION - PER SEGMENT
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LEIF HEGH & CO
OPERATING PROFIT BEFORE DEPRECIATION - PER SEGMENT4TH QUARTER
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LEIF HEGH & CO
CASHFLOW
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LEIF HEGH & CO
RESULT PER SHARE
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LEIF HEGH & CO
CASHFLOW PER SHARE
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LEIF HEGH & CO
PRICING MULTIPLES
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LEIF HEGH & CO
DEBT/CASH DEVELOPMENT
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Highlights 2001The strategy of focusing on RORO and Contract Shipping continued
Sale Cool Carriers AB to J.Lauritzen: sales gain 13 MUSD
Finalizing sale of Hegh Lines Liner operation: delivered to Oldendorff.
Sale Teekay Shipping shares (1 548 000): sales gain 36 MUSD
Sale Gorthon Lines shares: sales gain 4.5 MUSDcontinuedJ:\brukere\BUDE\Corp\Diverse\020214 Results presentation
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LEIF HEGH & CO
Highlights 2001
Flexibility and diversification paid off
Far East:Acquired KIWI CAR CARRIERS (NZ) and KIWI TERMINAL SERVICES.
Entered into a co-operation agreement with COSCO for RORO transportation to- and from P.R.China
Europe / short sea:HUAL subsidiary CETAM and EMC (in which HUAL owns 24 %) carried about 600 000 CEU in the European short sea market in 2001. CETAM jointly with L.Dreyfus, chosen (LoI) by AIRBUS to transport plane parts for the Airbus A380 project: One newbuilding in 2004 plus one option for 2007 delivery to enter 20 year t/c contract(s)
continued
HUAL
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Highlights 2001LNG:
Steady expansion based on long term contracts
Entered into 20 years t/c with Statoil (on behalf of the Snhvit partners) for a 145 000 cbm LNG carrier to be built be Mitsubishi Heavy Industries for LHC jointly with Mitsui O.S.K. Lines Ltd. (subject Stortinget March 2002)
Hegh Galleon entered 17 year t/c with Enron LNG Shipping.