DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report Future on Paper NORSKE SKOG ANNUAL07 REPORT MAIN FINANCIAL FIGURES DEFINITIONS 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 Profit and loss account (NOK mill) Operating revenue 27 118 28 812 25 726 25 302 24 068 23 471 30 354 26 635 18 054 14 908 Gross operating earnings 1 8 395 3 932 4 220 4 303 4 686 5 198 8 419 6 599 3 818 3 103 Operating earnings 677 (2 527) 630 757 1 536 1 306 5 096 4 211 2 129 1 780 Earnings before financial expenses 2 785 (2 275) (51) 868 1 383 1 833 5 581 4 575 2 252 1 948 Earnings before taxation 235 (3 480) (1 004) 210 770 806 3 894 3 021 1 825 1 417 Earnings for the year (618) (2 809) (854) 621 402 1 162 2 494 1 958 300 1 020 Balance sheet (NOK mill) Fixed assets 29 307 37 577 43 740 36 861 39 219 38 197 45 417 43 717 18 828 17 586 Current assets 13 953 7 653 8 293 7 238 7 119 6 769 10 855 17 510 6 086 6 663 Total assets 43 260 45 230 52 033 44 099 46 338 44 966 56 272 61 227 24 914 24 249 Shareholder’s equity incl. minority int. 15 957 18 550 22 679 18 894 19 416 17 921 19 526 22 351 11 727 10 029 Long term debt 21 533 18 802 21 700 20 052 21 402 18 814 30 858 31 906 9 021 9 564 Current liabilities 5 770 7 878 7 654 5 153 5 520 6 210 5 888 6 970 4 166 4 656 Total liabilities and shareholder’s equity 43 260 45 230 52 033 44 099 46 338 42 945 56 272 61 227 24 914 24 249 Net interest bearing debt 16 409 17 321 19 063 16 871 17 759 18 204 22 820 20 535 7 618 7 082 Profitability Gross operating margin % 3 30.9 13.6 16.4 17.0 19.5 22.1 27.7 24.8 21.1 20.8 Net operating margin % 4 2.5 (8.8) 2.4 3.0 6.3 5.6 16.8 15.8 11.8 11.9 Net profit margin % 5 (2.3) (9.7) (3.3) 2.6 1.7 5.0 8.2 7.4 7.2 6.8 Return on assets % 6 1.8 (4.7) (0.1) 1.9 3.0 3.6 9.5 10.6 9.2 9.4 Return on equity % * 7 (3.6) (13.6) (4.1) 3.4 2.2 6.2 11.9 11.5 12.0 10.7 Equity ratio 8 36.9 41.5 43.6 42.8 41.9 39.9 34.7 36.5 47.1 41.4 Net interest bearing debt/equity 1.05 0.96 0.84 0.89 0.91 1.02 1.17 0.92 0.65 0.71 Return on capital employed % 9.15 3.0 3.6 2.8 2.5 3.6 3.2 13.7 13.1 11.0 11.7 Net earnings per share after tax (NOK) 10 (3.26) (14.84) (5.98) 4.95 3.04 8.79 20.68 19.17 14.01 11.36 Net earnings per share fully diluted (NOK) * 10 (3.26) (14.84) (5.98) 4.95 3.04 8.79 20.68 19.17 14.01 11.36 Cash flow per share after tax (NOK) 11 11.43 14.60 21.42 22.04 22.45 27.89 58.47 48.18 23.29 31.85 Cash flow per share fully diluted (NOK) * 11 11.43 14.60 21.42 22.04 22.45 27.89 23.29 48.18 23.29 31.85 Liquidity Liquid assets (NOK) 12 1 886 485 902 889 930 868 4 158 8 629 803 2 312 Cash flow (NOK) 13 2 166 2 763 3 061 2 948 2 973 3 687 7 052 4 922 2 162 2 859 Current ratio 14 2.42 0.97 1.08 1.40 1.29 1.09 1.84 2.51 1.46 1.43 Definitions main financial figures: 1. Gross operating earnings = operating earnings + ordinary depreciation + restructuring expenses 2. Earnings before financial expenses = operating earnings + interest income + share of profit in affiliated companies 3. Gross operating margin = gross operating earnings : operating revenue 4. Net operating margin = operating earnings : operating revenue 5. Net profit margin = earnings for the year : operating revenue 6. Return on assets = earnings before financial expenses : total assets (average) 7. Return on equity = earnings for the year : equity (average) 8. Equity ratio = equity : total assets 9. Return on capital employed = operating earnings before restructuring costs : capital employed (average) (see 15) 10. Net earnings per share after tax = earnings for the year : average number of shares *) 11. Cash flow per share after tax = cash flow : average number of shares *) 12. Liquid assets = cash and bank deposits + short term investments 13. Cash flow = net cash flow from operating activities (from statement of cash flow) 14. Current ratio = current assets : current liabilities 15. Capital employed = total assets less affiliates interest free current liabilities and interest bearing assets * When calculating financial ratios per share after full conversion net earnings and cash flow are rectified by interest expenses on subordinated convertible bonds. 2 NORSKE SKOG ANNUAL REPORT The World of Norske Skog 2 Skogn Follum Headquarters Saugbrugs Walsum Parenco Steti Golbey Cheongwon Bruck Hebei Jeonju Shanghai Singburi MNI Pisa Albury Tasman Bio Bio Boyer 3 NORSKE SKOG ANNUAL REPORT Contents INTRODUCTION 005 Events of 2007 002 006 A demanding year MARKET 008 The world is using ever 008 more publication paper 011 Norske Skog products PRODUCTION 012 More changes necessary 012 014 Turnaround on track 015 Energy strategy is key CAPITAL MARKET 016 A turbulent year in the financial markets 016 017 Financing 018 Financial risk management 024 Principal shareholders and key figures CORPORATE GOVERNANCE 026 Corporate governance in Norske Skog 026 030 The members of the board and corporate management 033 Articles of association for Norske Skogindustrier ASA ANNUAL REPORT 034 034 Restructuring of paper production ANNUAL ACCOUNTS 046 Annual accounts 2007 group 046 080 Annual accounts 2007 Norske Skogindustrier ASA 4 NORSKE SKOG ANNUAL REPORT INTRODUCTION Events of 2007 January September l Construction starts on the geothermal power station at Kawerau, l Norske Skog strengthens its supply of recovered paper by establishing a where Norske Skog Tasman and New Zealand’s Mighty River Power are trading arm. Headquartered in Oslo, the Reparco group will operate in cooperating on the project. Asia and grow existing operations in the United States and Europe. l Launch of the 3C ‘Combat Climate Change’ initiative. This project l As the European market for newsprint suffers from overcapacity, Norske is supported by 46 large companies from across the globe, and is a Skog decides to reduce production of newsprint in Europe by 200 000 roadmap for fighting climate change. Norske Skog is one of the original tonnes in 2008 to meet this situation. participants. l Norske Skog receives the first Farmand prize that has ever been awarded for a sustainability report. February l Norske Skog launches a Norwegian bond loan with five years maturity October and floating interest rate. The new loan is well received in the market. l Norske Skog and WWF cooperate on Young Readers and the environ- ment in Thailand, meeting with Thai teachers who will work on the March programme. Thai schoolchildren will receive newspapers and environ- l Norske Skog announces the de-merger of most of the properties in mental textbooks distributed at school from February 2008. Norway that are not related to paper production. The properties will be held by a wholly-owned subsidiary. The most important properties November are Klosterøya in Skien, the headquarters with surrounding property l The ‘asset review’ is started, where all of Norske Skog’s paper machines in Bærum outside of Oslo, and a farming and residential property are analysed for profitability and possible closure. in Trondheim. l Rune Gjessing is appointed new senior vice president, strategy. April l Andreas Enger is elected new chair of the board in Industrikraft l Kim Wahl steps in as new chair of the board for Norske Skog. Midt-Norge at the company’s extraordinary general meeting. l Norske Skog signs a long-term deal for delivery of newsprint to the May British media corporation News International Limited. l WWF (World Wide Fund for Nature) and Norske Skog join forces on a l Norske Skog and Canadian tax authorities agree on closure of a tax project that makes environmental information available in schools in issue concerning a subsidiary of what was then called Fletcher Thailand. For one year environmental issues will be put on the agenda, Challenge, acquired by Norske Skog in 2000. Norske Skog pays CAD including the climate, local issues and the environmental challenges 42.5 million as a final payment. surrounding the Mekong River. The project is called “Young Readers for the Environment.” December l Announcement of write-downs and an accelerated schedule for the June asset review process, where the profitability of all of the paper machines is to be analysed. l Norske Skog raises 500 million (approximately NOK 4 billion) in a l The new TMP plant at Norske Skog Follum starts production. Euro-denominated bond loan, with a maturity of 10 years. l The investor group Unionen AS demand an extraordinary general July meeting, which is their right as a shareholder owning more than 5 per cent of the shares.
Load more

Recommended publications
  • Project Capabilities
    PROJECT CAPABILITIES BOILER CONVERSION TO BIOMASS BURNING Scope of Service Boiler owner/operators in recent years have been motivated to convert existing fossil fuel-fired boilers to burn some, or exclusively biomass fuels. Biomass fuels often provide lower fuel costs and lower flue gas emissions as well as being considered a “green” renewable resource. Whether the boiler currently burns exclusively fossil fuels or burns a combination of fossil and biomass fuels, JANSEN has the experience and capabilities to provide the necessary services to enhance biomass firing in most all boiler configurations. A recommended phased approach to fuel conversion projects is listed below: Initial assessment of feasibility and required modifications to generate early budgetary costs. Engineering evaluation of existing boiler to determine the unit’s capabilities when operating with the new fuel (pressure parts, auxiliary and air pollution control equipment). Definition engineering to develop +/- 10% accuracy cost estimate. Engineering design, fabrication, and materials supply. Installation. Operator training and start-up assistance. JANSEN has the capability and experience to carry out any or all of these steps. Selected References (see next page) C-01 1/15 Selected References AES Corporation - Lufkin, TX EPCOR Canada - Squamish, BC Escanaba Green Energy - Escanaba, MI Great River Energy - Elk River, MN Hu Honua Bioenergy LLC - Hilo, HI Minnesota Power - Duluth, MN New Ulm Public Utility - New Ulm, MN Packaging Corporation of America - Valdosta, GA ReEnergy Holdings - Fort Drum, NY Sonoco Products Co. - Hartsville, SC Springs Global US, Inc. - Lancaster, SC Turbine Diagnostics Services, Inc. - Forest City, NC Weyerhaeuser Paper Company - New Bern, NC C-01 1/15 PROJECT CAPABILITIES BIOMASS BOILER EVALUATIONS Capacity, Operational Performance, Fuel Economy, and Emissions Fuel economy, maximum availability, steam generating capacity, optimized emissions performance, and operating flexibility at the lowest cost are the key goals of biomass-fueled power boiler operation.
    [Show full text]
  • Catalyst Paper Generates Outstanding Savings and Improves Product Quality with Honeywell’S Advanced Control Solution
    Catalyst Paper Generates Outstanding Savings and Improves Product Quality with Honeywell’s Advanced Control Solution “Investing in a state-of-the-art advanced control solution from Honeywell has permitted Catalyst Paper to gain increased control over our operating systems while saving millions of dollars each year in raw materials and energy. And we have been able to accomplish all this without sacrificing the high quality of the various products we produce.” Dwight Anderson, Senior Process Control System Specialist, Catalyst Paper Benefits Catalyst Paper sought to find ways for its thermo-mechanical pulp (TMP) process to reduce dependence on kraft consumption and improve process efficiency at its Canadian Elk Falls facility. In order to maintain the company’s high quality expectations, Catalyst wanted to find new, leading-edge ways to reduce kraft consumption, because of its expense, without sacrificing any of the mill’s end-product standards. To achieve cost savings without sacrificing product quality, The Elk Falls Division is located on the Pacific coast of British Columbia, Catalyst Paper called upon Honeywell to partner with them in Canada, near the city of Campbell River on Vancouver Island developing an advanced control solution to improve their pulp quality. Background Some of the benefits realized by Catalyst Paper after the Catalyst Paper Corp., as it has been known since 2005, was implementation of Profit Controller include: formed from the amalgamation of several predecessor companies and acquisitions—including British Columbia Forest • Improved pulp quality by decreasing pulp freeness variability Products, Fletcher Challenge Canada, Norske Skog and by 41% and pulp mean fiber length variability by 21%, Newstech Recycling—each with its own rich history.
    [Show full text]
  • Paper Manufacturing and Paper Shortages in the South, 1861-1865 Vicki Betts University of Texas at Tyler, [email protected]
    University of Texas at Tyler Scholar Works at UT Tyler Special Topics Civil War Newspapers 2016 Paper Manufacturing and Paper Shortages in the South, 1861-1865 Vicki Betts University of Texas at Tyler, [email protected] Follow this and additional works at: https://scholarworks.uttyler.edu/cw_newstopics Recommended Citation Betts, ickV i, "Paper Manufacturing and Paper Shortages in the South, 1861-1865" (2016). Special Topics. Paper 18. http://hdl.handle.net/10950/790 This Article is brought to you for free and open access by the Civil War Newspapers at Scholar Works at UT Tyler. It has been accepted for inclusion in Special Topics by an authorized administrator of Scholar Works at UT Tyler. For more information, please contact [email protected]. Paper Manufacturing and Paper Shortages in the South, 1861-1865 ATHENS [GA] SOUTHERN WATCHMAN, May 1, 1861, p. 2, c. 1 Burning of the Pioneer Paper Mill. The paper mill three and a half miles from this place was totally consumed by fire on Wednesday morning last, together with all the paper and stock on hand. The origin of the fire, we believe, is considered doubtful. It may have been accidental, or it may have been the work of an incendiary. The loss is estimated at $16,000. There was no insurance. We believe it is the intention of the stockholders to rebuild--we hope so, at all events, as it is a great convenience to us to have our paper manufactured at home. BELLVILLE [TX] COUNTRYMAN, June 12, 1861, p. 2, c. 1 We are under the necessity of issuing but a half sheet this week.
    [Show full text]
  • Optimisation of the Norske Skog Activated Sludge Wastewater Treatment Plant at Boyer: the Role of Trace Metals and Vitamins
    Optimisation of the Norske Skog activated sludge wastewater treatment plant at Boyer: The role of trace metals and vitamins Jason Barnett BEnvSc (Honours) Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy School of Chemistry University of Tasmania June 2013 Declaration I declare this thesis contains no material which has been accepted for a degree or diploma in any other tertiary institution, except by way of back ground information and duly referenced in the thesis. To the best of the candidate’s knowledge and belief, no material previously published or written by another person is included in the text of the thesis except where due reference is made in the text of the thesis. This thesis may be made available for loan and limited copying in accordance with the Copyright Act 1968. 30th June 2013 Jason Barnett Date ii | P a g e Abstract In January 2008 Norske Skog, Boyer (NSB) , Tasmania, commissioned an activated sludge (AS) wastewater treatment plant to lower the chemical oxygen demand (COD) and suspended solids (SS) in the treated effluent discharged from the mill. In October 2009 the company also changed the feed stock of the mill from a mixed Pinus radiata and Eucalypt to solely P. radiata, altering the pulping process. The cold caustic soda (CCS) plant was decommissioned and replaced with an additional thermo-mechanical pulping (TMP) plant. Trace metals in the mill wastewater samples were analysed before and after this transition to detect any differences due to the changed feedstock and operating conditions, and to determine if metal levels were sufficient for optimum operation of the AS wastewater treatment plant.
    [Show full text]
  • Results Driving
    2014 SUSTAINABILITY REPORT Catalyst Paper Corporation 2nd Floor, 3600 Lysander Lane Richmond, B.C. V7B 1C3 604.247.4400 catalystpaper.com RESULTS DRIVING PRODUCTION NOTES PAPER FACTS The inside pages of this report are printed on Ascent Gloss Sage, Catalyst’s inside pages of report (101 g) coated three grade, produced at the Port Alberni mill. Its brightness, INPUTS superior opacity and excellent printability make it ideal for magazine, catalogue, high-end insert, commercial and direct-mail print applications Raw Fibre (g) 95 printed on heatset offset presses. % certified sources 100 Catalyst’s coated products are available under our Sage program, meaning Filler (g) 38 they are PEFC certified (Programme for the Endorsement of Forest Certification) as containing 100 per cent fibre from sustainably managed Water (L) 7.7 forests; that there were no net carbon emissions during their manufacture; Work (person secs) 1.0 and that detailed mill-level environmental performance data are available Energy (Cal) 536 via GreenBlue’s Environmental Paper Assessment Tool (EPAT). We also contribute $1 for every tonne of Sage product sold to support our % renewable 92 partner initiatives. EMISSIONS The Paper Facts label identifies the inputs and emissions associated with this Greenhouse gas (g) 9* specific grade of paper calculated on a per-report basis. Catalyst customers can use the online Paper Calculator at www.catalystpaper.com/calculator to Air Particulate (mg) 5 identify inputs and emissions associated with their own purchases and to Effluent BOD
    [Show full text]
  • Arbeidsgruppen for Treforedlingsindustrien Kartlegging Av Muligheter Og Rammevilkår for Treforedlingsindustrien
    Arbeidsgruppen for treforedlingsindustrien Kartlegging av muligheter og rammevilkår for treforedlingsindustrien 10.5.2012 1 Innhold 1. Innledning .......................................................................................................................... 3 1.1. Bakgrunn for arbeidsgruppen .................................................................................. 3 1.2. Arbeidsgruppens mandat, sammensetning og arbeid ............................................ 4 2. Hovedtrekk i utviklingen i treforedlingsindustrien ....................................................... 5 2.1. Nærmere om treforedlingsindustrien ...................................................................... 6 2.2. Muligheter ved omstilling til ny produksjon og investeringer i nye produkter 11 3. Råvaresituasjonen og norsk skogpolitikk ..................................................................... 12 3.1. Tilgang, avsetningsvilkår og markedssituasjonen for tømmer og trevirke ....... 13 3.2. Innsatsfaktoren tømmer og effektive transporter er viktig for treforedlingsindustriens kostnadsmessige konkurransekraft ............................ 15 3.3. Regjeringens virkemidler som skal bidra til stabil og konkurransedyktig forsyning av trevirke ................................................................................................ 17 4. Rammevilkår innenfor områdene energi og miljø ....................................................... 18 4.1. Rammevilkår på energiområdet ............................................................................
    [Show full text]
  • ANNUAL REPORT 1997 1 Main Figures Per Area
    NORSKE SKOG ANNUAL REPORT 1997 1 Main figures per Area 1997 1996 1995 1994 1993 1992 1991 1990 1989 Area Paper Operating revenue NOK million 9,284 9,493 8,066 5,831 4,731 4,773 5,855 6,733 5,768 Operating profit NOK million 1,134 2,078 1,708 454 469 95 656 721 398 Operating margin % 12.2 21.9 21.2 7.8 9.9 2.0 11.2 10.7 6.9 Area Fibre Operating revenue NOK million 1,376 1,222 2,171 1,498 1,052 1,202 1,247 1,709 2,025 Operating profit NOK million 49 -127 682 178 -187 -176 -164 327 615 Operating margin % 3.6 -10.4 31.4 11.9 -17.8 -14.6 -13.2 19.1 30.4 Area Building Materials Operating revenue NOK million 2,667 2,579 2,333 2,048 1,704 1,688 1,725 1,960 1,911 Operating profit NOK million -16 27 96 146 85 64 9 107 93 Operating margin % -0.6 1.0 4.1 7.1 5.0 3.8 0.5 5.5 4.9 Operating revenue per market Operating revenue per product Rest of Other world 8% 2% Pulp 8% Norway 23% Newsprint Special grades 1% USA 10% 40% SC magazine paper 20% Other Europe 25% Germany 15% LWC magazine paper 9% UK 11% France 8% Building materials 20% 2 NORSKE SKOG ANNUAL REPORT 1997 1997 Highlights Price decline caused weaker result Growth in sawn timber Expansion in Eastern Europe Prices of paper and pulp fell during the In September, Norske Skog took over In November, Norske Skog took over first quarter of 1997.
    [Show full text]
  • Catalyst Paper Corporation
    CATALYST PAPER CORPORATION ANNUAL INFORMATION FORM March 3, 2011 TABLE OF CONTENTS Documents Incorporated By Reference ............................................................................................... 1 Glossary Of Terms ............................................................................................................................... 1 Forward Looking Statements ............................................................................................................... 1 Incorporation ........................................................................................................................................ 2 Corporate Profile .................................................................................................................................. 4 Three Year History ............................................................................................................................... 5 Competitive Strengths ........................................................................................................................ 10 Business Strategy ............................................................................................................................... 12 Lines Of Business ............................................................................................................................... 12 Competition ........................................................................................................................................ 17 Fibre
    [Show full text]
  • Sustainability Report 2019 Contents
    SUSTAINABILITY REPORT 2019 CONTENTS INTRODUCTION Norske Skog - The big picture 3 Strategic vision and concerns 4 Value chain 5 CEO’s comments 6 THE UN SUSTAINABLE DEVELOPMENT GOALS 8 SDG 3 – God health and well-being 9 SDG 4 – Quality education 10 SDG 5 – Gender equality 12 SDG 6 – Clean water and sanitation 14 SDG 7 – Affordable and clean energy 15 SDG 8 – Decent work and economic growth 16 SDG 9 – Industry, innovation and infrastructure 18 SDG 10 – Reduced inequalities 19 SDG 11 – Sustainable cities and communities 20 SDG 12 – Responsible consumption and production 21 SDG 13 – Climate action 24 SDG 15 – Life on land 26 SDG 16 – Peace, justice and strong institutions 28 Consistent quality 29 Renewed trust 30 Editor-in-chief: Martine Bortolotti, Norske Skog Golbey Drafting of content: Stepping Stones, Strasbourg / Norske Skog Golbey Graphic design and creation: bk.no Photo credits: Alain Bonis, Grégory Brandel GRDF, Communication Communauté d’agglomération d’Épinal, Léo-Pol Jacquot, Adrien Kurtz, JL CD88, Michel Laurent, Groupe Maury, Benoit Rajaux, Christophe Voegelé, Norske Skog Golbey photo library Paper: Lenza top recycling white Printing: Deklic Graphique Norske Skog Golbey BP 109, Route Jean-Charles Pellerin, 88194 Golbey cedex, France http://norskeskog-golbey.com/ You can help improve this report by sending your comments to this address: [email protected] Follow us: Linkedin / Facebook / Twitter Date of publication: April 2020 NORSKE SKOG ASA PAPER MILLS 6 IN 5 COUNTRIES Skogn, Norway Saugbrugs, Norway Golbey, France Bruck,
    [Show full text]
  • September 2015 City of Powell River – PRSC Limited Partnership
    City of Powell River City Hall – MacGregor Building 6910 Duncan Street, Powell River BC V8A 1V4 Telephone 604 485-6291 ~ Fax 604 485-2913 www.powellriver.ca FILE: 1405-01 September 2015 City of Powell River – PRSC Limited Partnership INFORMATION Background In 2003 the City of Powell River (in conjunction with the Powell River Regional Economic Development Society) and Sliammon Development Corp (SDC) separately approached Norske Skog Canada (now Catalyst Paper) to purchase waterfront industrial lands near the mill. After some discussion, SDC proposed that NorskeCanada and the City come together with it to form a joint venture to pursue development of the lands surplus to mill operations. The conversation between the three parties led to the signing of a Memorandum of Understanding to pursue the formation of a partnership in 2004. After two years of hard work the three parties announced in August 2006 that they had formed PRSC Limited Partnership to take ownership of approximately 800 acres of land no longer strategic to Catalyst Paper Corporation’s operations in Powell River. In return for the lands, PRSC Limited Partnership (LP) secured a mortgage of $4.5 million due on August 1, 2011 at an interest rate of 5% annually (A 4 year extension was secured early in 2011). Each party held shares in the Limited Partnership through wholly owned corporations: • Powell River Waterfront Development Corporation (PRWDC) - owned 100% by the City of Powell River • Tees’kwat Land Holdings Ltd (TLH) - owned 100% by Sliammon Development Corporation • 0606890 BC Ltd - owned 100% by Catalyst Paper Corporation While under Creditor Protection in 2012, Catalyst Paper made an agreement with the PRWDC and TLH to sell its shares in the Limited Partnership and retire the mortgage for the sum of $3.0 million dollars.
    [Show full text]
  • SUSTAINABILITY REPORT 2020 We Create Green Value Contents
    SUSTAINABILITY REPORT 2020 We create green value Contents SUMMARY Key figures 6 Norske Skog - The big picture 7 CEO’s comments 8 Short stories 10 SUSTAINABILITY REPORT About Norske Skog’s operations 14 Stakeholder and materiality analysis 15 The sustainable development goals are an integral part of our strategy 16 Compliance 17 About the sustainability report 17 Sustainability Development Goals overview 20 Prioritised SDGs 22 Our response to the TCFD recommendations 34 How Norske Skog relates to the other SDGs 37 Key figures 50 GRI standards index 52 Independent Auditor’s assurance report 54 Design: BK.no / Print: BK.no Paper: Artic Volum white Editor: Carsten Dybevig Cover photo: Carsten Dybevig. All images are Norske Skog’s property and should not be used for other purposes without the consent of the communication department of Norske Skog Photo: Carsten Dybevig SUMMARY BACK TO CONTENTS > BACK TO CONTENTS > SUMMARY Key figures NOK MILLION (UNLESS OTHERWISE STATED) 2015 2016 2017 2018 2019 2020 mills in 5 countries INCOME STATEMENT 7 Total operating income 11 132 11 852 11 527 12 642 12 954 9 612 Skogn, Norway / Saugbrugs, Norway / Golbey, France / EBITDA* 818 1 081 701 1 032 1 938 736 Bruck, Austria / Boyer, Australia / Tasman, New Zealand / Operating earnings 19 -947 -1 702 926 2 398 -1 339 Nature’s Flame, New Zealand Profit/loss for the period -1 318 -972 -3 551 1 525 2 044 -1 884 Earnings per share (NOK)** -15.98 -11.78 -43.04 18.48 24.77 -22.84 CASH FLOW Net cash flow from operating activities 146 514 404 881 602 549 Net cash flow
    [Show full text]
  • „Rsrapp 2002 Norsk Ny Til
    NORSKE SKOG Årsrapport 2002 JAN REINÅS: Utnytter dårlige tider til å styrke Norske Skog RESULTATET: Svake markeder for trykkpapir, solid finansiell posisjon VIRKSOMHETEN: Asia et lyspunkt. Lavere etterspørsel og redusert produksjon UTSIKTENE FREMOVER: Svake markeder også i første halvår 2003 HELSE OG SIKKERHET: Sterk fremgang i 2002 MILJØ: Høy prioritet også i omstillingsfasen Hovedtall konsern Millioner kroner 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 Dette er Norske Skog Norske Skog ble etablert i 1962 og den 1. Resultat konsern første avispapirfabrikken ble satt i Driftsinntekter 23 471 30 354 26 635 18 054 14 908 13 312 13 265 12 548 9 170 7 338 Norske Skog er verdens nest største drift i 1966. Kjøp, nyanlegg og fusjon- Driftsresultat 1 306 5 096 4 211 2 129 1 780 1 083 1 916 2 500 732 299 produsent av trykkpapir med 24 hel- og er gjorde selskapet til det klart Årsresultat 1 162 2 494 1 958 1 300 1 020 590 1 317 1 699 206 -47 deleide fabrikker i 15 land i fem ver- ledende i norsk treforedlingsindustri i densdeler. Norske Skog har en andel på løpet av 1970- og 80-årene. I 1990- 2. Finansielle hovedtall 13% av det globale markedet for avis- årene bygde Norske Skog en sterk Kontantstrøm fra drift 3 687 7 052 4 922 2 162 2 859 1 615 2 616 2 555 866 492 og magasinpapir. europeisk plattform gjennom kjøp og Avskrivninger 3 292 3 323 2 388 1 689 1 323 1 140 1 132 832 616 552 nyanlegg i Norge, Frankrike, Østerrike Investeringer 1 146 1 422 1 351 1 154 3 983 1 814 1 053 926 565 1 127 Netto rentebærende gjeld / egenkapital 1,02 1,18 0,92 0,65 0,71 0,45 0,63 0,61 0,67 1,13 VISJON: Norske Skog skal være et og Den tsjekkiske republikk.
    [Show full text]