Annual Report 2015
III ANNUAL REPORT 2015 Trainee mechanic Ida Gunstveit Foss (left) and mechanic Halldis Marita Fagerbakke of Agder Energi Vannkraft working at Skjerka power station in Åseral. IntroductionIntruduction Corporate governance The Agder Energi Group Agder Energi AS CSR III < > CONTENT Click on the text to go to the page of your choice Key Figures 3 Group management 6 Group structure 7 Where we operate 8 Agder Energi in brief 9 Our business 10 Important events in 2015 11 CEO 13 Corporate governance 15 Enterprise risk management 18 Corporate sosial responsibility 21 Directors’ report 23 Declaration from Board of Directors 33 The Agder Energi Group 34 Income statement 36 Comprehensive income 37 Statement of financial position 38 Statement of cash flow 39 Statement of changes in equity 40 Accounting principles 41 Notes 49 Agder Energi AS 88 Income statement 90 Statement of financial position 91 Statement of cash flows 92 Accounting principles 93 Notes 95 Auditor’s report 105 Corporate sosial responsibility (CSR) 108 CSR report 109 AGDER ENERGI ANNUAL REPORT 2015 2 Intruduction Corporate governance The Agder Energi Group Agder Energi AS CSR III < > KEY FIGURES RESULTS NOK mill. % 3,200 2,800 35 2,400 30 2,000 25 1,600 20 1,200 15 800 10 400 5 0 0 2015 2014 2013 2015 2014 2013 EBITDA Operating income Net income EBITDA margin Return on equity after tax Return on capital employed (after tax) Def. 2015 2014 2013 2012 2011 AS PRESENTED IN INCOME STATEMENT Operating revenues NOK millions 8,361 7,808 9,391 8,946 10,684 EBITDA 1 NOK millions 2,975 2,303
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