The Statoil group’s net income in 2003 came to NOK 16.6 billion, which is NOK 0.3 billion lower than in 2002.
Income before financial items, other items, tax and minority interest totalled NOK 48.9 billion in 2003 as against NOK 43.1 billion the year before.
The return on average capital employed after tax was 18.7 per cent, as against 14.9 per cent in 2002.
Normalised for market factors, the return on capital employed was 12.4 per cent in 2003, which is 1.6 percentage points higher than in 2002.
Published 2004-03-31, 00:00 CET | Updated 2008-06-03, 15:16 CET