Port of Rotterdam Authority

Financial historical Overview
(amounts x € 1 million)
*2011 adjustment to changes in investment creditors (€ 35,817K) The Port of Rotterdam Authority makes use of the exemption from consolidation obligation because the financial data of the participations are negligible for insight into results and financial statement capital.
	2012	2011	2010	2009	2008
Balance sheet
Assets	3,698	3,215	3,280	3,088	2,678
Shareholder's equity	2,038	1,902	1,770	1,645	1,080
Long-term debts	1,027	933	1,143	1,059	1,102
Capital invested	3,065	2,835	2,913	2,704	2,183
Provisions + short-term debts	632	380	367	384	495
TOTAL ASSETS	3,698	3,215	3,280	3,088	2,678
Statement of income
Total operating income	615	588	551	519	523
Operating expenses	224	226	235	222	224
EBITDA	391	362	316	297	301
Depreciation	120	119	113	101	93
EBIT	271	243	203	196	208
Income from participating interests	7	9	6	23	-1
Financial income and expenses	-51	-58	-55	-52	-56
NET INCOME	228	195	154	167	149
Cash flow statement
Cash flow from operating activities	300	293*	250	136	253
Cash flow from investing activities (excl. State contribution)	-616	-424*	-406	-321	-185
State contribution	363	363	0	0	0
Cash flow from financing activities	-7	-291	42	355	-138
Net cash flow	40	-59	-114	171	-70
Gross investments
Existing Rotterdam Area	232	116	121	170	135
Maasvlakte 2	394	379	324	171	55
Total gross investments	626	494	445	341	190
Ratio
Solvency (in %, incl. subordinated loans)	55.1	59.2	63.4	66.0	59.0
Net Debt / EBITDA	2.1	2.2	2.9	2.6	3.7
Interest coverage rate (ICR)	5.4	4.3	3.7	4.1	3.7

Key figures