Key Figures

The table below contains key figures for the first quarter of 2012, compared to the previous year:

(NOK in millions except earnings per share)	First quarter		Year
	2012	2011	2011
Revenues	25 119	24 092	98 516
EBITDA before other income and expenses	7 739	7 359	30 526
EBITDA margin before other income and expenses (%)	30.8	30.5	31.0
Adjusted operating profit ¹	4 003	3 654	15 217
Adjusted operating profit/Revenues (%)	15.9	15.2	15.4
Profit after taxes and non-controlling interests	583	2 793	7 165
Earnings per share from total operations, basic, in NOK	0.37	1.71	4.45
Capex	2 682	2 610	11 907
Capex excl. licences and spectrum	2 487	2 403	11 441
Capex excl. licences and spectrum/Revenues (%)	9.9	10.0<	11.6
Operating cash flow ²	5 252	4 956	19 085
Net interest-bearing liabilities	19 336	15 088	18 222

¹Adjusted operating profit is defined as Operating profit less other income and expenses and impairment losses

² Operating cash flow is defined as EBITDA before other income and expenses – Capex, excluding licenses and spectrum.