Cloudberry Clean Energy Annual report 2022

185 Cloudberry Annual report 2022 Alternative performance measures The tables below reconcile the consolidated Group figures with the proportionate financial for the periods FY 2022 and FY 2021: FY 2022 Residual ownership interest A B C D E NOK million Total Consolidated Other eliminations group Equity accounted Excess value Proportionate share of line items ass. comp. Residual ownership fully consolidated entitied Total proportionate Total revenue 217 218 - - 254 (43) 646 Operating expenses ex depreciations and amortisations (186) (25) - - (94) 40 (265) Net income/(loss) from associated companies 120 - (120) - - - - EBITDA 151 193 (120) - 161 (3) 381 Depreciation and amortisation (35) - - (3) (15) 5 (48) Operating profit (EBIT) 116 193 (120) (3) 146 2 333 Net financial items 6 - - - 10 (2) 15 Profit/(loss) before tax 122 193 (120) (3) 156 1 348 - Total assets 4 603 695 (890) 156 1 330 (23) 5 870 Interest bearing debt 339 - - - 591 (4) 926 Cash 1 538 - - - 122 (73) 1 587 Net interest bearing debt (NIBD) (1 200) - - - 469 69 (662) FY 2021 Residual ownership interest A B C D E NOK million Total Consolidated Other eliminations group Equity accounted Excess value Proportionate share of line items ass. comp. Residual ownership fully consolidated entitied Total proportionate Total revenue 41 - - - 42 - 83 Operating expenses ex depreciations and amortisations (89) - - - (20) - (107) Net income/(loss) from associated companies 16 - (16) - - - - EBITDA (32) - (16) - 22 - (25) Depreciation and amortisation (10) - - (3) (7) - (19) Operating profit (EBIT) (41) - (16) (3) 15 - (44) Net financial items (22) - - 8 - (14) Profit/(loss) before tax (64) - (16) (3) 24 - (58) Total assets 3 118 110 (678) 160 1 103 - 3 815 Interest bearing debt 304 - - - 522 - 826 Cash 1 115 - - - 167 - 1 282 Net interest bearing debt (NIBD) (811) - - - 355 (456)

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