Profit allocation

The parent company Statkraft AS suffered a net loss of NOK 2442 million in 2014 (loss of NOK 876 million).

The Board of Statkraft SF proposes a dividend of NOK 6007 million, corresponding to 85% of the dividend basis. The dividend basis is calculated as the consolidated result for Statkraft SF after tax and minority interests, adjusted for unrealised gains and losses. The dividend will be disbursed from Statkraft SF, and in order to provide Statkraft SF with sufficient ability to disburse dividend, the Board proposes the following allocation of the annual profit in Statkraft AS:

The proposed dividend is deemed to be prudent based on Statkraft AS’ equity and liquidity.