Norsk Tipping Års- og Samfunnsrapport 2016

Profit and Loss Statement

Årsregnskap - Resultatregnskap - EN
AMOUNTS IN NOK MILL.	NOTE	2016	2015
OPERATING REVENUES
Gaming revenues	1	32,029	29,742
Other operating revenues		10	28
TOTAL OPERATING REVENUES		32,039	29,770
OPERATING EXPENSES
Prizes		24,349	22,508
Gaming commissions to agents		828	847
Salary and personnel expenses	2	383	385
Depreciations and write-downs	5	234	279
Other operating expenses	2, 3	1,262	1,324
TOTAL OPERATING EXPENSES		27,056	25,343
OPERATING RESULT		4,983	4,427
Financial revenues	4	40	65
Financial expenditures	4	21	7
NET PROFIT OR LOSS FOR THE YEAR	13	5,002	4,485
NET PROFIT FOR THE YEAR IS DISTRIBUTED AS FOLLOWS:
To the Tippenøkkelen fixed distribution formula		4,336	3,785
To the Grasrotandelen (Grassroots) fund		447	394
To the Extra Foundation for Health and Rehabilitation*		-	231
To the Bingo Operator's Profits for Good Causes		63	59
To measures to combat gambling dependency		6	15
Transferred to other equity		150	0
TOTAL ALLOCATION		5,002	4,485

*From 2016, good causes related to Health and Rehabilitation are incorporated into the Tippenøkkelen fixed distribution formula.

Årsregnskap - Balanse - Eiendeler - EN
AMOUNTS IN NOK MILL.	NOTE	2016	2015
ASSETS
NON-CURRENT ASSETS
INTANGIBLE ASSETS
Intangible assets	5	186	240
TOTAL INTANGIBLE ASSETS		186	240
FIXED ASSETS
Land, buildings and other real property	5	234	232
Vehicles, machinery, inventories and equipment	5	369	353
TOTAL FIXED ASSETS		603	585
NON-CURRENT FINANCIAL ASSETS
Investments in subsidiaries	6	1	1
Investments in affiliated companies	6	32	32
Other long-term receivables	8	31	34
TOTAL NON-CURRENT FINANCIAL ASSETS		64	67
TOTAL NON-CURRENT ASSETS		853	892
CURRENT ASSETS
Inventories	9	0	0
RECEIVABLES
Agent receivables	10	100	122
Other receivables	11	101	184
TOTAL ACCOUNTS RECEIVABLE		201	306
CASH AND CASH EQUIVALENTS	17	4,899	4,037
TOTAL CURRENT ASSETS		5,101	4,342
TOTAL ASSETS		5,954	5,234

Årsregnskap - Balanse - Egenkapital og gjeld - EN
AMOUNTS IN NOK MILL.	NOTE	2016	2015
EQUITY AND LIABILITIES
EQUITY
SHAREHOLDERS EQUITY
Share capital	12	0.2	0.2
TOTAL CONTRIBUTED EQUITY		0.2	0.2
RETAINED EARNINGS
Non-distributable equity fund	13	150	150
Investment fund	13	9	9
Other equity	13	205	55
TOTAL RETAINED EARNINGS		364	214
TOTAL EQUITY		364	214
LIABILITIES
PROVISIONS
Pension liabilities	16	109	87
TOTAL PROVISIONS		109	87
TOTAL NON-CURRENT LIABILITIES		109	87
CURRENT LIABILITIES
Trade payables		165	109
Undistributed prizes		129	70
Pre-paid stakes		171	220
Public duties payable		31	30
Other current liabilities	14	673	681
Residual profits payable	15	4,312	3,823
TOTAL CURRENT LIABILITIES		5,481	4,933
TOTAL LIABILITIES		5,589	5,020
TOTAL EQUITY AND LIABILITIES		5,954	5,234

Linda Bernander Silseth

Board Chair

Bjørn Maaseide

David Hansen

Anne Lise Meyer

Bjørn Vidar Mathisen

Kjersti Langseth

Kari Skedsvoll Moe

Åsne Havnelid

Managing Director

Årsregnskap - Kontantstrømoppstilling - EN
AMOUNTS IN NOK MILL.	NOTE	2016	2015
CASH FLOWS FROM OPERATIONAL ACTIVITIES
Financial result		5,002	4,485
Gains/losses on sale of non-current assets	5	0	0
Ordinary depreciations	5	234	242
Write-downs of non-current assets	5	0	36
Changes in agent receivables	10	23	-120
Changes in other short-term receivables, current assets and stocks	11	83	28
Changes in accounts payable to suppliers		57	-28
Change in pension plan liabilities	16	21	20
Changes in other long-term receivables		3	4
NET CASH FLOW FROM OPERATIONAL ACTIVITIES		5,422	4,670
CASH FLOW FROM INVESTMENTS
Revenues from sales of fixed assets		0	0
Purchases of fixed assets	5	-198	-110
NET CASH FLOW FROM INVESTMENTS		-198	-110
CASH FLOW FROM FINANCING ACTIVITIES
Net changes in short-term liabilities		0	-9
Net changes in other equity		0	0
Payments and provisions		-4,363	-4,233
NET CASH FLOW FROM FINANCING ACTIVITIES		-4,363	-4,242
Net change in cash reserves		862	317
Cash reserves at start of period		4,037	3,720
Cash reserves at close of period		4,899	4,037

Norsk Tipping AS employs the indirect method in the preparation of its cash flow statement.