Norsk Tipping Annual Report 2017

Profit and loss statement

Årsregnskap 2018 - Resultatregnskap EN
Amounts in NOK mill.	Note	2017	2016
Operating revenues
Gaming revenues	1	34 916	32 029
Other operating revenues		6	10
Total operating revenues		34 922	32 039
Operating expenses
Prizes		27 081	24 349
Gaming commissions to sales agents		761	828
Salary and personnel expenses	2	399	383
Depreciations and write-downs	5	208	234
Other operating expenses	2, 3	1 251	1 262
Total operating expenditures		29 700	27 056
OPERATING PROFIT/LOSS		5 222	4 983
Financial revenues	4	34	40
Financial expenditures	4	6	21
ANNUAL PROFIT/LOSS	13	5 251	5 002
Allocation of annual profit
To the Tippenøkkelen fixed distribution formula		4 715	4 336
Allocation via the 'Grasrotandelen' (Grassroots Share)		455	447
To the Bingo Operator's Profits for Good Causes		66	63
Measures to combat gambling dependency		15	6
Transferred to other equity		0	150
Total allocated		5 251	5 002

Årsregnskap 2018 - Balanse - Eiendeler EN
Amounts in NOK mill.	Note	2017	2016
ASSETS
Non-current assets
Intangible assets
Intangible assets	5	153	186
Total intangible assets		153	186
Fixed assets
Art	5	1	1
Unserviced sites, buildings and other real property	5	215	233
Vehicles, machinery, inventories and equipment	5	267	369
Total fixed assets		482	603
Non-current financial assets
Investments in subsidiaries	6	1	1
Investments in affiliated companies	6	32	32
Other long-term receivables	8	46	31
Total non-current financial assets		79	64
Total non-current assets		715	853
Current assets
Stocks	9	0	0
Receivables
Agent receivables	10	82	100
Other receivables	11	84	101
Total receivables		166	201
Bank deposits, cash, etc.	17	5,456	4,899
Total current assets		5,622	5,101
TOTAL ASSETS		6,336	5,954

Årsregnskap 2018 - Balanse - Egenkapital og gjeld EN
Amounts in NOK mill.	Note	2017	2016
EQUITY AND LIABILITIES
Equity
Paid-in equity
Share capital	12	0.2	0.2
Total paid-in equity		0.2	0.2
Retained earnings
Non-distributable equity fund	13	150	150
Investment fund	13	9	9
Other equity	13	205	205
Total retained earnings		364	364
Total equity		364	364
Liabilities
Provisions for liabilities
Pension plan liabilities	16	141	109
Total provision for obligations		141	109
Total long-term liabilities		141	109
Current liabilities
Accounts payable to suppliers	7	125	165
Undistributed prizes		151	129
Pre-paid stakes		183	171
Public taxes/duties payable		30	31
Other current liabilities	14	708	673
Residual profits payable	15	4,634	4,312
Total current liabilities		5,831	5,481
Total liabilities		5,972	5,589
TOTAL EQUITY AND LIABILITIES		6,336	5,954

Linda Bernander Silseth

Board Chair

Per Olav Monseth

David Hansen

Anne Lise Meyer

Bjørn Vidar Mathisen

Hege Andersen

Kari Skeidsvoll Moe

Andreas Egge Torsheim

Åsne Havnelid

CEO

Årsregnskap 2018 - Kontantstrømoppstilling EN
Amounts in NOK mill.	Notes	2017	2016
Cash flows from operational activities
Result before tax		5 251	5 002
Losses/gains due to sale of fixed assets	5	0	0
Ordinary depreciations	5	208	234
Write-downs of non-current assets	5	0	0
Changes in sales agent receivables	10	18	21
Changes in accounts payable to suppliers		-41	57
Difference between pensions rec. as exp. and payments into/out of pension schemes	16	33	21
Changes in other accruals	11	86	88
Net cash flow from operational activities		5 555	5 424
Cash flows from investments
Revenues from sales of fixed assets		1	0
Purchases of fixed assets	5	-55	-198
Net cash flow from investments		-54	-198
Cash flows from financing activities
Transfer of profits to good causes		-4 945	-4 363
Net cash flow from financing activities		-4 945	-4 363
Net change in cash and cash equivalents		557	862
Cash reserves and cash equivalents at start of period		4 899	4 037
Cash reserves and cash equivalents at close of period		5 456	4 899