Key ratios

Five-year overview

  2010 2009 2008 2007 2006

Oil production (barrels)

 3,918,000 4,074,500 5,153,700

5,509,000

 1,957,000

Revenue (MSEK)

 2,226.7 2,112.8 2,419.9 2,793.8 856.7
EBITDA (MSEK) 1,275.7 1,325.9 1,771.8 2,073.7 471.3
Operating profit (MSEK) 490.4 429.6 1,395.7 1,833.5 359.3

Operating profit per share after dilution* (SEK)

 0.94 1.35 4.64 6.08 1.26
Operating margin (%) 22 20 58 66 42

Income after financial items per share after dilution** (SEK)

 0.34 1.00 2.74 5.96 1.04

Earnings per share after dilution** (SEK)

 -0.61 0.04 3.08 3.14 0.81
Return on equity (%) neg 0.3 23.9 33.6 12.8
Return on assets (%) 5.1 5.0 16.4 32.3 9.9
Return on capital employed (%) 5.9 6.3 19.6 41.3 12.2

Equity per share before dilution** (SEK)

 8.24 13.41 15.86 11.12 7.72

Equity per share after dilution** (SEK)

 8.24 13.41 15.80 10.79 7.52
Profit margin (%) 8.1 15.0 34.0 64.3 34.7

Equity/assets ratio (%)

 48.2 44.6 45.5 49.5 46.9
Debt/equity ratio (%) 59.7 80.4 74.8 64.6 54.5
Debt/equity ratio, full conversion (%) 38.3 54.6 n/a n/a n/a

Share price at the end of the period* (SEK)

 7.50 11.93 5.58 24.74 35.05

Share price/Equity per share before dilution* (Times)

 0.91 0.89 0.35 2.23 4.54

P/E margin per share* (Times)

 -12.36 295.22 1.81 7.81 43.20
Number of shares outstanding
before dilution**		 637,475,843 345,814,769 299,968,388 298,937,668 298,937,668
Number of shares outstanding after dilution** 637,475,843 345,814,769 300,999,108 308,059,540 307,080,356
Average number of shares
outstanding before dilution**		 521,614,740 318,998,246 299,427,260 298,937,668 284,116,480

Average number of shares
outstanding after dilution**

 521,614,740 318,998,246 300,921,829 301,700,581 285,309,480

*  In connection with the completed rights issue in May/June 2010, the share price at the end of the period has been adjusted retrospectively, which has affected Share price/Equity per share before dilution and the P/E multiple per share. 

** The number of shares outstanding includes only shares that give rise to a dilutive effect. In calculating the potential dilutive effect for convertibles, this would have resulted in a positive effect on earnings per share. The applicable accounting policies (IAS 33) do not allow inclusion of a positive effect. Outstanding convertibles are also excluded in calculations of the dilutive effect on shareholders' equity per share. The completed rights issue in May/June 2010 gave rise to a bonus issue element in the number of shares outstanding. According to the applicable accounting policies (IAS 33), a retrospective adjustment of the number of shares outstanding is to be done. Such retrospective adjustment has led to changed key ratio measurements for operating profit per share, profit after net financial items per share, profit after tax per share, shareholders' equity per share, the share price through shareholders' equity per share, and the P/E multiple per share as per above.