Statement of financial position | 2024 | 2023 |
Investments in joint ventures and associates | - | (2,177) |
Other equity | 2,177 | - |
Consideration: | ||
Cash | 134 | 43 |
Deferred consideration | 124 | - |
Fair value of previously held equity interest | 8 | 10 |
Total | 265 | 53 |
Amounts for assets and liabilities | ||
| recognised: | ||
Intangible assets | 14 | 37 |
Property, plant and equipment | 11 | - |
Other non - current assets | 4 | 16 |
Trade receivables and other current assets | 102 | 5 |
Cash and cash equivalents | 91 | 9 |
Deferred tax liabilities | - | (6) |
Other non - current liabilities | (2) | (6) |
Current liabilities | (178) | (18) |
Total identifiable net assets | 42 | 38 |
Non - controlling interests | (1) | (5) |
Goodwill | 224 | 21 |
Total | 265 | 53 |
2024 | 2023 | |
Net consideration received (paid) | (9) | (287) |
Settlement put - option to acquire non - controlling interests | - | 287 |
Fair value adjustment of previously | - | 149 |
| recognised non-controlling interests' put | ||
| option | ||
Initial recognition of liabilities for obligations | - | (20) |
| to acquire non-controlling interests | ||
Consideration settled in shares | (2,500) | - |
Other | - | 5 |
Adjustment to equity | (2,509) | 132 |
- of which adjustment to non - controlling interests | (123) | (1) |
- of which adjustment to equity attributable to owners of the parent | (2,386) | 133 |
Consideration: | ||
Cash | 134 | 43 |
Deferred consideration | 124 | - |
Fair value of previously held equity interest | 8 | 10 |
Total | 265 | 53 |
Amounts for assets and liabilities | ||
| recognised: | ||
Intangible assets | 14 | 37 |
Property, plant and equipment | 11 | - |
Other non - current assets | 4 | 16 |
Trade receivables and other current assets | 102 | 5 |
Cash and cash equivalents | 91 | 9 |
Deferred tax liabilities | - | (6) |
Other non - current liabilities | (2) | (6) |
Current liabilities | (178) | (18) |
Total identifiable net assets | 42 | 38 |
Non - controlling interests | (1) | (5) |
Goodwill | 224 | 21 |
Total | 265 | 53 |
2024 | 2023 | |
Net consideration received (paid) | (9) | (287) |
Settlement put - option to acquire non - controlling interests | - | 287 |
Fair value adjustment of previously | - | 149 |
| recognised non-controlling interests' put | ||
| option | ||
Initial recognition of liabilities for obligations | - | (20) |
| to acquire non-controlling interests | ||
Consideration settled in shares | (2,500) | - |
Other | - | 5 |
Adjustment to equity | (2,509) | 132 |
- of which adjustment to non - controlling interests | (123) | (1) |
- of which adjustment to equity attributable to owners of the parent | (2,386) | 133 |
2024 | 2023 | |||||
| Joint | Joint | Associates | Total | |||
| Development in net carrying amount | ventures | Associates | Total | ventures | (restated) | (restated) |
As at 1 January | 99 | 37,445 | 37,544 | 63 | 23,460 | 23,523 |
Additions | 6 | 47 | 53 | 16 | 57 | 72 |
Disposals | - | (39,398) | (39,398) | - | - | - |
Disposals on sale of businesses | (33) | (418) | (451) | - | - | - |
Transition from (to) subsidiaries | 42 | 42 | 85 | 21 | 53 | 74 |
Transition from (to) equity instruments | - | (10) | (10) | - | - | - |
Transition from (to) receivables | 3 | 23 | 26 | 9 | 33 | 41 |
Share of profit (loss) from continuing operations | (22) | (61) | (83) | (11) | (59) | (70) |
Share of profit (loss) from discontinued operations | - | (562) | (562) | 1 | (1,720) | (1,719) |
Share of other comprehensive income | - | (58) | (58) | - | (316) | (316) |
Increase from dividend received from subsidiary | - | - | - | - | 18 | 18 |
| (reciprocal interests) | ||||||
Retained gain | - | - | - | - | 1 | 1 |
Gains (losses) from continuing operations | - | (10) | (10) | 1 | 1 | 2 |
Gains (losses) from discontinued operations | - | 5,003 | 5,003 | (1) | - | (1) |
Impairment loss (recognised or reversed) from continuing operations | - | (127) | (127) | - | (88) | (88) |
Impairment loss (recognised or reversed) from discontinued operations | - | - | - | - | 14,555 | 14,555 |
Dividends received | - | - | - | (3) | (22) | (25) |
Share of transactions with the owners of joint | - | 4 | 4 | - | 8 | 8 |
| ventures and associates | ||||||
Foreign exchange differences | 1 | (1,594) | (1,593) | 4 | 1,463 | 1,467 |
As at 31 December | 96 | 326 | 421 | 99 | 37,445 | 37,544 |
2024 | 2023 | ||||||
| Country of | Interest | Joint | Interest | Joint | Associates | ||
incorporation | held | ventures | Associates | held | ventures | (restated) | |
Our Interest Holding AB | Sweden | 50.00% | 50 | - | 50.00% | 58 | - |
Schibsted Tech Polska Sp z.o.o | Poland | 50.00% | 31 | - | - | - | - |
Elton Mobility AS | Norway | 50.00% | 13 | - | 50.00% | 26 | - |
Adevinta ASA | Norway | - | - | - | 28.30% | - | 36,579 |
In - grid AB | Sweden | 9.04% | - | 58 | 7.66% | - | 34 |
Mindler AB | Sweden | 15.47% | - | 44 | 15.87% | - | 44 |
Fixrate AS | Norway | 18.13% | - | 39 | 18.03% | - | 40 |
FundingPartner Group AS | Norway | 18.47% | - | 38 | 18.47% | - | 40 |
Pej AB | Sweden | 20.89% | - | 27 | 20.89% | - | 29 |
SAVR AB | Sweden | 6.49% | - | 25 | 7.35% | - | 25 |
Hygglo AB | Sweden | 21.94% | - | 22 | 21.94% | - | 37 |
Insurello AB | Sweden | 34.49% | - | 19 | 34.49% | - | 15 |
Gire AS | Norway | 7.69% | - | 15 | - | - | - |
T\u00f8rn AS | Norway | 23.01% | - | - | 21.26% | - | 25 |
Polaris Media ASA | Norway | - | - | - | 29.39% | - | 183 |
TT Nyhetsbyr\u00e5n AB | Sweden | - | - | - | 39.64% | - | 130 |
Norsk Telegrambyr\u00e5 AS | Norway | - | - | - | 29.47% | - | 68 |
Lokalavisene AS | Norway | - | - | 49.00% | 51 | ||
Rocker AB | Sweden | - | - | - | 34.01% | - | 42 |
Hjemmelegene AS | Norway | - | - | - | 26.95% | - | 12 |
Other | 1 | 40 | 14 | 91 | |||
Carrying amount as at 31 December | 96 | 326 | 99 | 37,445 |
Our Interest Holding AB | A financial intermediation service for home loans |
Schibsted Tech Polska Sp. z.o.o | Provides technological solutions for Schibsted Marketplaces and Schibsted Media |
Elton Mobility AS | Provides an application with multiple operators to charge electric vehicles on - the - go |
In - grid AB | Arranges personalised delivery services for customers in the e - commerce business |
Mindler AB | Operates an online psychologist service |
Fixrate AS | Marketplace helping companies achieve the best conditions for their bank deposits |
FundingPartner Group AS | P rovid es crowlending to Norwegian start - ups |
Pej AB | Provides digital ordering solutions |
SAVR AB | Arranges investments in funds at competitive terms compared to ordinary banks |
Hygglo AB | Marketplace for rentals between persons |
Insurello AB | Processes insurance claims for consumers focusing on automating accident insurance claims |
Gire AS | Marketplace optimising transportation in the car industry |
T\u00f8rn AS | Marketplace helping companies to optimise resource usage |
2024 | 2023 | |||||
| Adevinta | Total | |||||
Adevinta | Other | Total | (restated) | Other | (restated) | |
Interest held as at 31 December | - | 28.30% | ||||
Income statement and statement of comprehensive income: | ||||||
Operating revenues | 5,500 | 19,864 | ||||
Profit (loss) from continuing operations | (1,850) | (5,640) | ||||
Profit (loss) from discontinued operations | - | (334) | ||||
Profit (loss) attributable to non - controlling interests | (23) | (89) | ||||
Profit (loss) attributable to owners of the parent | (1,873) | (6,063) | ||||
Other comprehensive income attributable to owners of the parent | (210) | (1,098) | ||||
Total comprehensive income attributable to owners of the parent | (2,083) | (7,161) | ||||
Share of income statement and statement of comprehensive income: | ||||||
Share of profit (loss) | (531) | (90) | (621) | (1,719) | (60) | (6,318) |
- of which from continuing operations | - | (61) | (61) | - | (59) | (59) |
- of which from discontinued operations | (531) | (31) | (562) | (1,719) | (1) | (1,720) |
Share of other comprehensive income | (59) | 1 | (58) | (312) | (4) | (316) |
Share of total comprehensive income | (591) | (88) | (679) | (2,031) | (64) | (6,634) |
Balance sheet: | ||||||
Non - current assets | - | 170,326 | ||||
Current assets | - | 4,271 | ||||
Non - controlling interests | - | (191) | ||||
Non - current liabilities | - | (42,753) | ||||
Current liabilities | - | (5,362) | ||||
Net assets | - | 126,291 | ||||
Share of net assets | - | 35,816 | ||||
Goodwill | - | 22,276 | ||||
Impairment | - | (21,513) | ||||
Carrying amount as at 31 December | - | 326 | 326 | 36,579 | 866 | 37,445 |
Fair value (if there is a quoted market) | n/a | n/a | 38,756 | n/a |
Other / | ||||||||
| Real | Recom- | Head- | Elimi- | Schibsted | ||||
2024 | Mobility | Estate | Jobs | merce | Delivery | quarters | nations | Marketplaces |
Segment revenues and profit: | ||||||||
Operating revenues | 2,362 | 1,171 | 1,220 | 825 | 2,124 | 1,279 | (656) | 8,325 |
- of which internal | - | - | - | - | 184 | 472 | (656) | - |
Gross operating profit (loss) | 1,224 | 439 | 547 | (290) | 65 | (288) | - | 1,697 |
Other disclosures: | ||||||||
Capital expenditure | 122 | 87 | 72 | 104 | 26 | 140 | - | 551 |
| Other / | ||||||||
| Real | Recom- | Head- | Elimi- | Schibsted | ||||
2023 (restated) | Mobility | Estate | Jobs | merce | Delivery | quarters | Nations | Marketplaces |
Segment revenues and profit: | ||||||||
Operating revenues | 2,207 | 1,027 | 1,288 | 717 | 1,753 | 1,167 | (539) | 7,617 |
- of which internal | - | - | - | - | 100 | 440 | (539) | - |
Gross operating profit (loss) | 1,109 | 392 | 613 | (311) | 14 | (228) | - | 1,589 |
Other disclosures: | ||||||||
Capital expenditure | 97 | 55 | 75 | 134 | 82 | 164 | - | 607 |
| 2023 | ||
Operating revenues | 2024 | (restated) |
Norway | 5,747 | 5,190 |
Sweden | 1,586 | 1,454 |
Denmark | 611 | 561 |
Finland | 369 | 394 |
Other Europe | 12 | 18 |
Total | 8,325 | 7,617 |
Non - current operating assets | 2024 | 2023 |
Norway | 2,040 | 4,069 |
Sweden | 1,667 | 3,116 |
Denmark | 3,714 | 3,941 |
Finland | 1,366 | 2,437 |
Other Europe | - | 51 |
Total | 8,787 | 13,615 |
Other / | Schibsted | |||||||
| Real | Recom- | Deli- | Head- | Elimi- | Market- | |||
2024 | Mobility | Estate | Jobs | merce | very | quarters | nations | places |
Classifieds revenues | 1,660 | 971 | 1,209 | 213 | - | 96 | - | 4,150 |
Transactional revenues | 359 | 117 | - | 404 | - | 6 | (1) | 886 |
Advertising revenues | 284 | 67 | 3 | 158 | - | 96 | (8) | 599 |
Distribution revenues | - | - | - | - | 1,868 | - | (123) | 1,745 |
Other revenues | 57 | 13 | 4 | 47 | 248 | 1,017 | (476) | 910 |
Revenues from contracts with customers | 2,359 | 1,168 | 1,217 | 822 | 2,116 | 1,215 | (608) | 8,290 |
Revenues from lease contracts, government grants and others | 3 | 3 | 3 | 3 | 8 | 63 | (48) | 35 |
Operating revenues (Note 6) | 2,362 | 1,171 | 1,220 | 825 | 2,124 | 1,279 | (656) | 8,325 |
| Other / | Schibsted | |||||||
| Real | Recom- | Deli- | Head- | Elimi- | Market- | |||
2023 (restated) | Mobility | Estate | Jobs | merce | very | quarters | nations | places |
Classifieds revenues | 1,496 | 849 | 1,267 | 217 | - | 116 | (1) | 3,944 |
Transactional revenues | 316 | 61 | - | 268 | - | - | - | 645 |
Advertising revenues | 326 | 78 | 7 | 184 | - | 96 | (36) | 654 |
Distribution revenues | - | - | - | - | 1,460 | - | (95) | 1,365 |
Other revenues | 67 | 36 | 11 | 46 | 287 | 920 | (378) | 989 |
Revenues from contracts with customers | 2,204 | 1,024 | 1,285 | 714 | 1,747 | 1,131 | (510) | 7,596 |
Revenues from lease contracts, government grants and others | 2 | 2 | 3 | 2 | 6 | 35 | (30) | 21 |
Operating revenues (Note 6) | 2,207 | 1,027 | 1,288 | 717 | 1,753 | 1,166 | (539) | 7,617 |
| Receivables | |||
| from contracts | Contract | Contract | |
| with customers | assets | liabilities | |
Balance as at 1 January 2024 | 1,508 | 145 | 632 |
Net of cash received and revenues recognised during the period | (111) | 218 | 38 |
Transfer from contract assets recognised at the beginning of the period to receivables | 145 | (145) | - |
Business combinations | 58 | 3 | - |
Impairment losses recognised | (37) | - | - |
Disposals on sale of businesses | (447) | (74) | (484) |
Foreign exchange differences | 4 | 3 | 1 |
Reclassified as held for sale | (272) | (48) | (87) |
Balance as at 31 December 2024 | 847 | 103 | 99 |
| Receivables | |||
| from contracts | Contract | Contract | |
| with customers | assets | liabilities | |
Balance as at 1 January 2023 | 1,419 | 167 | 574 |
Net of cash received and revenues recognised during the period | (59) | 140 | 51 |
Transfer from contract assets recognised at the beginning of the period to receivables | 167 | (167) | - |
Business combinations | 4 | - | 1 |
Impairment losses recognised | (52) | - | - |
Disposals on sale of businesses | (3) | - | (10) |
Foreign exchange differences | 30 | 5 | 16 |
Balance as at 31 December 2023 | 1,508 | 145 | 632 |
2024 | 2023 | |
Salaries and wages | 2,361 | 2,232 |
Social security costs | 397 | 371 |
Share - based payment (Note 9) | 64 | 68 |
Net pension expense (Note 10) | 271 | 251 |
Other personnel expenses | 109 | 100 |
Capitalised salaries, wages and social | (344) | (353) |
| security costs | ||
Total | 2,859 | 2,669 |
Number of full - time equivalents | 4,427 | 6,088 |
- of which continuing operations | 2,814 | 2,834 |
- of which discontinued operations | 1,613 | 3,254 |
| Share- | Total | ||||||
| Salary incl. | Fringe | Variable | based | Pension | Termination | remuneration | |
| Holiday pay | benefits 1) | pay 2) | payment 3) | expense | benefits 4) | expensed | |
Christian Printzell Halvorsen, Chief | 4,720 | 259 | 4,228 | 3,873 | 959 | - | 14,039 |
Executive Officer (from 07.06.2024), EVP Nordic Marketplaces and Delivery (until 07.06.2024) 6) | |||||||
Kristin Skogen Lund, Chief | 3,881 | 160 | 7,394 | 9,268 | 13,915 | 11,197 | 45,815 |
Executive Officer (until 07.06.2024) 5)7) | |||||||
Per Christian M\u00f8rland, Chief | 3,820 | 265 | 3,646 | 6,603 | 469 | - | 14,802 |
| Financial Officer | |||||||
Sven St\u00f8rmer Thaulow, EVP | 5,027 | 246 | 3,832 | 3,382 | 671 | - | 13,159 |
| Foundation | |||||||
Robin Suwe, EVP Mobility (from 07.06.2024) 5) | 1,787 | 52 | 343 | 1,986 | 351 | - | 4,519 |
Kjersti H\u00f8klingen, EVP Real Estate | 1,542 | 78 | 319 | 562 | 257 | - | 2,757 |
(from 07.06.2024) 5) | |||||||
Eddie Sj\u00f8lie, EVP Jobs (from 07.06.2024) 5) | 1,545 | 118 | 332 | 582 | 288 | - | 2,864 |
Cathrine Laksfoss, EVP | 1,544 | 142 | 323 | 573 | 257 | - | 2,838 |
Recommerce (from 07.06.2024) 5) | |||||||
Ruben S\u00f8gaard, EVP Marketing & | 1,632 | 153 | 351 | 467 | 105 | - | 2,708 |
Sales (from 07.06.2024) 5) | |||||||
Antonia Brandberg Bj\u00f6rk, EVP | 339 | 15 | 72 | 0 | 50 | - | 476 |
People & Communications (from 18.11.2024) 5) | |||||||
Grethe Malkmus, EVP Chief People | 1,135 | 49 | 463 | 1,107 | 146 | - | 2,900 |
& Communications Officer (until 07.06.2024) 5) | |||||||
Andrew Kv\u00e5lseth, EVP Growth and Investments and Chief Investment | 2,370 | 130 | 5,866 | 5,572 | 438 | 5,456 | 19,831 |
Officer (until 30.06.2024) 5) | |||||||
Siv Juvik Tveitnes, EVP News | 1,317 | 133 | 693 | 1,916 | 226 | - | 4,285 |
Media (until 07.06.2024) 5) | |||||||
Ragnar K\u00e5rhus, Interim EVP Chief | 1,642 | 125 | 325 | 419 | 142 | - | 2,653 |
| People & Communications Officer | |||||||
(between 07.06.2024 and 17.11.2024) 5) | |||||||
Hanna Lindqvist, EVP Technology | 871 | 12 | - | - | 185 | - | 1,068 |
(between 07.06.2024 and 02.09.2024) 5) |
| Share- | Total | |||||
| Salary incl. | Fringe | Variable | based | Pension | remuneration | |
| Holiday pay | benefits 1) | pay 2) | payment 3) | expense | expensed | |
Kristin Skogen Lund, Chief Executive Officer. 5) | 5,401 | 257 | 2,806 | 5,863 | 3,050 | 17,376 |
Per Christian M\u00f8rland, Chief Financial Officer | 950 | 2 | 965 | 3,639 | 27 | 5,582 |
(from 01.10.2023). 4) | ||||||
Ragnar K\u00e5rhus, Chief Financial Officer (until 30.09.2023). | 2,689 | 170 | 672 | 467 | 371 | 4,369 |
Grethe Malkmus, Chief People & | 2,261 | 123 | 726 | 832 | 239 | 4,181 |
| Communications Officer. | ||||||
Sven St\u00f8rmer Thaulow, Chief Data & | 3,515 | 214 | 1,277 | 2,235 | 409 | 7,649 |
| Technology Officer. | ||||||
Andrew Kv\u00e5lseth , EVP Growth and Investments and Chief Investment Officer. | 3,040 | 201 | 1,071 | 2,881 | 350 | 7,542 |
Christian Printzell Halvorsen, EVP Nordic | 3,364 | 223 | 1,146 | 2,832 | 713 | 8,277 |
| Marketplaces and Delivery. | ||||||
Siv Juvik Tveitnes, EVP News Media | 2,989 | 309 | 1,011 | 2,057 | 349 | 6,716 |
Plans | Granted | Vesting | Performance |
| period | period | ||
EIP | 2024 | 01.01.2024 - | 01.01.2024 - |
| 31.12.2026 | 31.12.2024 | ||
SLTIP | 2024 | 01.01.2024 - | N/A |
| 31.12.2026 | |||
EIP | 2023 | 01.01.2023 - | 01.01.2023 - |
| 31.12.2025 | 31.12.2023 | ||
SLTIP | 2023 | 01.01.2023 - | N/A |
| 31.12.2025 | |||
ELTIP | 2022 | 01.01.2022 - | 01.01.2022 - |
| 31.12.2024 | 31.12.2024 | ||
SLTIP | 2022 | 01.01.2022 - | N/A |
| 31.12.2024 | |||
ELTIP | 2021 | 01.01.2021 - | 01.01.2021 - |
| 31.12.2023 | 31.12.2023 | ||
SLTIP | 2021 | 01.01.2021 - | N/A |
| 31.12.2023 | |||
Legacy Equity Plan | 2021 | 25.06.2021 - | N/A |
| 30.06.2024 |
2024 | 2023 | |
Number of shares granted, not - vested | 634,643 | 319,333 |
| at 1 January | ||
Number of shares granted | 489,988 | 504,299 |
Number of shares forfeited | (61,279) | (31,748) |
Number of shares vested during the period | (455,740) | (157,241) |
Number of shares not - vested at | 607,612 | 634,643 |
31 December 2) | ||
Weighted average share price at vesting | 312 | 180 |
| date (NOK per share) | ||
Weighted average fair value at grant | 216 | 187 |
| date (NOK per share) |
2024 | 2023 | |
Number of shares granted, not - vested | 181,533 | 147,278 |
| at 1 January | ||
Number of shares granted | 39,894 | 88,503 |
Number of shares forfeited | (36,533) | (17,868) |
Number of shares vested during the period | (107,600) | (36,380) |
Number of shares not - vested at 31 | 77,294 | 181,533 |
| December | ||
Weighted average share price at vesting | 316 | 199 |
| date (NOK per share) | ||
Weighted average fair value at grant | 304 | 190 |
| date (NOK per share) |
| 2023 | ||
| 2024 | (restated) | |
Current service cost | 18 | (17) |
Past service cost and gains and losses arising from settlements | 11 | (5) |
Net interest on the net defined benefit liability (asset) | 14 | 12 |
Remeasurements of the net defined benefit liability | (25) | 140 |
Net pension expense defined benefit plans | 17 | 131 |
Pension expense defined contribution plans | 193 | 187 |
Pension expense multi - employer defined benefit plans accounted for as defined contribution plans | 61 | 47 |
Net pension expense | 271 | 365 |
- of which included in Profit or loss - Personnel expenses and remuneration (Note 8) | 271 | 217 |
- of which included in Profit or loss - Other income (Note 12) | (1) | (5) |
- of which included in Profit or loss - Other expense (Note 12) (Restructuring cost) | 11 | - |
- of which included in Profit or loss - Financial expenses (Note 13) | 14 | 12 |
- of which included in Other comprehensive income - Remeasurements of defined pension liabilities | (25) | 140 |
2024 | 2023 | |
Present value of funded defined benefit obligations | 177 | 1,592 |
Fair value of plan assets | (133) | (1,203) |
Present value of unfunded defined benefit obligations | 410 | 807 |
Net pension liability | 454 | 1,196 |
| 2023 | ||||||
| 2024 | (restated) | |||||
| Net | Defined | Net | Defined | |||
| pension | benefit | Plan | pension | benefit | Plan | |
| liability | obligations | assets | liability | obligations | assets | |
As at 1 January | 1,196 | 2,399 | 1,203 | 1,145 | 2,315 | 1,171 |
Current service cost | 18 | 18 | - | 16 | 16 | - |
Past service cost and gains and losses arising from settlements | 11 | 10 | (1) | (5) | (8) | (3) |
Interest income and expense | 14 | 19 | 5 | 12 | 17 | 5 |
Remeasurements (see below) | (25) | (40) | (16) | 140 | 70 | (70) |
Presented in discontinued operations | 32 | 46 | 14 | 39 | 19 | (21) |
Contributions to the plan | (48) | - | 48 | (120) | 1 | 122 |
Payments from the plan | (78) | (78) | - | (29) | (29) | (1) |
Business combinations and disposals | (656) | (1,777) | (1,120) | 1 | 1 | - |
Social security costs | (5) | (5) | - | (3) | (3) | - |
Reclassified as held for sale | (5) | (5) | - | |||
As at 31 December | 454 | 587 | 133 | 1,196 | 2,399 | 1,203 |
2024 | 2023 | |
Actuarial gains and losses arising from changes in financial assumptions | (27) | 27 |
Other remeasurements (experience adjustments) | (13) | 43 |
Remeasurements of defined benefit pension obligations | (40) | 70 |
2024 | 2023 | |
Return on plan assets, excluding amounts included in interest | 5 | 38 |
Cost of managing plan assets | (1) | (6) |
Other remeasurements (experience adjustments) | (20) | (102) |
Remeasurements of fair value of plan assets | (16) | (70) |
| Quoted in | Quoted in | |||||
| active | active | |||||
| 2024 | markets | Unquoted | 2023 | markets | Unquoted | |
Equities | 15% | 75% | 25% | 4% | 85% | 15% |
Alternative investments | 4% | - | 100% | 2% | - | 100% |
Real estate | 15% | - | 100% | 14% | - | 100% |
Bonds | 13% | 50% | 50% | 7% | 25% | 75% |
Corporate bonds | 14% | - | 100% | 14% | - | 100% |
Bonds - loans and receivables | 39% | - | 100% | 45% | - | 100% |
Money market / other | 0% | - | - | 15% | 50% | 50% |
Total | 100% | 100% |
2024 | 2023 | |
Discount rate | 3.90% | 3.10% |
Future salary increases | 4.00% | 3.50% |
Future increase in the social security base amount | 3.75% | 3.25% |
Future pension increases | 2.40% | 1.80% |
2024 | 2023 | |
Discount rate - increase 0.5 percentage points | (44) | (207) |
Discount rate - decrease 0.5 percentage points | 49 | 237 |
Future salary increases - increase 0.5 percentage points | 14 | 126 |
Future salary increases - decrease 0.5 percentage points | (12) | (122) |
Future increase in social security base amount - increase 0.5 percentage points | (3) | (55) |
Future increase in social security base amount - decrease 0.5 percentage points | 3 | 47 |
Future pension increases - increase 0.5 percentage points | 41 | 157 |
Future pension increases - decrease 0.5 percentage points | (37) | (143) |
| 2023 | ||
| 2024 | (restated) | |
Travelling expenses | 81 | 97 |
Rent, maintenance, office expenses and energy | 125 | 124 |
Commissions | 145 | 187 |
Professional fees | 514 | 506 |
IT expenses | 672 | 575 |
Distribution | 1,033 | 908 |
Other operating expenses | 88 | 21 |
Total | 2,657 | 2,419 |
| 2023 | ||
| 2024 | (restated) | |
Gain on sale of subsidiaries | 2 | 20 |
Gain on amendments and curtailment of pension plans | 1 | 5 |
Gain on fair value measurement of contingent considerations | 2 | 30 |
Other | 5 | - |
Total other income | 9 | 55 |
Restructuring costs | (296) | (46) |
Separation costs | (107) | (4) |
Transaction - related costs | (14) | (26) |
Loss on sale of subsidiaries | (57) | (32) |
Loss on fair value measurement of contingent considerations | (30) | (4) |
Other | (12) | - |
Total other expenses | (518) | (111) |
| 2023 | ||
| 2024 | (restated) | |
Gain on sale of subsidiaries | 2 | 20 |
Gain on amendments and curtailment of pension plans | 1 | 5 |
Gain on fair value measurement of contingent considerations | 2 | 30 |
Other | 5 | - |
Total other income | 9 | 55 |
Restructuring costs | (296) | (46) |
Separation costs | (107) | (4) |
Transaction - related costs | (14) | (26) |
Loss on sale of subsidiaries | (57) | (32) |
Loss on fair value measurement of contingent considerations | (30) | (4) |
Other | (12) | - |
Total other expenses | (518) | (111) |
| 2023 | ||
| 2024 | (restated) | |
Gain on sale of subsidiaries | 2 | 20 |
Gain on amendments and curtailment of pension plans | 1 | 5 |
Gain on fair value measurement of contingent considerations | 2 | 30 |
Other | 5 | - |
Total other income | 9 | 55 |
Restructuring costs | (296) | (46) |
Separation costs | (107) | (4) |
Transaction - related costs | (14) | (26) |
Loss on sale of subsidiaries | (57) | (32) |
Loss on fair value measurement of contingent considerations | (30) | (4) |
Other | (12) | - |
Total other expenses | (518) | (111) |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Net foreign exchange gain | 11 | 1 |
Gain from fair value measurement of equity instruments (Note 22) | 6,151 | 13 |
Gain from fair value measurement of total | 2 | 1,583 |
| return swaps (Note 5) | ||
Other financial income | 5 | 3 |
Total financial income | 6,436 | 1,729 |
Interest expenses | (326) | (458) |
Loss from fair value measurement of equity instruments (Note 22) | (215) | (150) |
Other financial expenses | (24) | (14) |
Total financial expenses | (565) | (622) |
2023 | ||
| 2024 | (restated) | |
Loans and borrowings | (274) | (407) |
Pension liabilities (Note 10) | (14) | (12) |
Lease liabilities (Note 19) | (32) | (36) |
Contingent consideration and financial | (6) | (3) |
liabilities for obligations to acquire non- controlling interests (Note 23) | ||
Interest expenses | (326) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Interest expenses | (329) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Net foreign exchange gain (loss) currency | (43) | - |
| derivatives | ||
Net foreign exchange gain (loss) other financial instruments | 55 | 1 |
Net foreign exchange gain (loss) | 11 | 1 |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Net foreign exchange gain | 11 | 1 |
Gain from fair value measurement of equity instruments (Note 22) | 6,151 | 13 |
Gain from fair value measurement of total | 2 | 1,583 |
| return swaps (Note 5) | ||
Other financial income | 5 | 3 |
Total financial income | 6,436 | 1,729 |
Interest expenses | (326) | (458) |
Loss from fair value measurement of equity instruments (Note 22) | (215) | (150) |
Other financial expenses | (24) | (14) |
Total financial expenses | (565) | (622) |
2023 | ||
| 2024 | (restated) | |
Loans and borrowings | (274) | (407) |
Pension liabilities (Note 10) | (14) | (12) |
Lease liabilities (Note 19) | (32) | (36) |
Contingent consideration and financial | (6) | (3) |
liabilities for obligations to acquire non- controlling interests (Note 23) | ||
Interest expenses | (326) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Interest expenses | (329) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Net foreign exchange gain (loss) currency | (43) | - |
| derivatives | ||
Net foreign exchange gain (loss) other financial instruments | 55 | 1 |
Net foreign exchange gain (loss) | 11 | 1 |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Net foreign exchange gain | 11 | 1 |
Gain from fair value measurement of equity instruments (Note 22) | 6,151 | 13 |
Gain from fair value measurement of total | 2 | 1,583 |
| return swaps (Note 5) | ||
Other financial income | 5 | 3 |
Total financial income | 6,436 | 1,729 |
Interest expenses | (326) | (458) |
Loss from fair value measurement of equity instruments (Note 22) | (215) | (150) |
Other financial expenses | (24) | (14) |
Total financial expenses | (565) | (622) |
2023 | ||
| 2024 | (restated) | |
Loans and borrowings | (274) | (407) |
Pension liabilities (Note 10) | (14) | (12) |
Lease liabilities (Note 19) | (32) | (36) |
Contingent consideration and financial | (6) | (3) |
liabilities for obligations to acquire non- controlling interests (Note 23) | ||
Interest expenses | (326) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Interest income | 266 | 129 |
Interest expenses | (329) | (458) |
| 2023 | ||
| 2024 | (restated) | |
Net foreign exchange gain (loss) currency | (43) | - |
| derivatives | ||
Net foreign exchange gain (loss) other financial instruments | 55 | 1 |
Net foreign exchange gain (loss) | 11 | 1 |
2024 | 2023 | |
Current income taxes | (156) | (224) |
Deferred income taxes | - | 65 |
Tax (expense) income | (156) | (159) |
- of which recognised in profit or loss | (149) | (206) |
- of which recognised in other comprehensive income | (7) | 47 |
2024 | 2023 | |
Profit (loss) before taxes | 4,800 | 1,836 |
Tax (expense) income based on weighted average tax rates | (1,090) | (411) |
Prior period adjustments | - | (8) |
Tax effect of share of profit (loss) from joint ventures and associates | (18) | (16) |
Tax effect of impairment loss on goodwill, joint ventures and associates | (242) | (18) |
Tax effect of other permanent | 1,272 | 292 |
| differences | ||
Current period unrecognised deferred | (71) | (44) |
| tax assets | ||
Tax (expense) income recognised in profit or loss | (149) | (205) |
2024 | 2023 | |
Current items | 8 | (16) |
Pension liabilities | (101) | (262) |
Right - of - use assets | 173 | 416 |
Lease liabilities | (184) | (479) |
Other non - current items | 354 | 293 |
Unused tax losses | (216) | (215) |
Calculated net deferred tax liabilities | 34 | (263) |
| (assets) | ||
Unrecognised deferred tax assets | 140 | 139 |
Net deferred tax liabilities (assets) | 174 | (123) |
| recognised | ||
- of which deferred tax liabilities | 426 | 417 |
- of which deferred tax assets | (252) | (540) |
2024 | 2023 | |
As at 1 January | (123) | (81) |
Change included in tax expenses from continuing operations | - | (65) |
Change included in tax expenses from discontinued operations | 35 | (11) |
Change from purchase and sale of subsidiaries | 162 | (1) |
Foreign exchange differences | 20 | 35 |
Net deferred tax liabilities reclassified to | 81 | - |
| assets held for sale | - | |
As at 31 December | 174 | (123) |
2024 | 2023 | |
Current income taxes | (156) | (224) |
Deferred income taxes | - | 65 |
Tax (expense) income | (156) | (159) |
- of which recognised in profit or loss | (149) | (206) |
- of which recognised in other comprehensive income | (7) | 47 |
2024 | 2023 | |
Profit (loss) before taxes | 4,800 | 1,836 |
Tax (expense) income based on weighted average tax rates | (1,090) | (411) |
Prior period adjustments | - | (8) |
Tax effect of share of profit (loss) from joint ventures and associates | (18) | (16) |
Tax effect of impairment loss on goodwill, joint ventures and associates | (242) | (18) |
Tax effect of other permanent | 1,272 | 292 |
| differences | ||
Current period unrecognised deferred | (71) | (44) |
| tax assets | ||
Tax (expense) income recognised in profit or loss | (149) | (205) |
2024 | 2023 | |
Current items | 8 | (16) |
Pension liabilities | (101) | (262) |
Right - of - use assets | 173 | 416 |
Lease liabilities | (184) | (479) |
Other non - current items | 354 | 293 |
Unused tax losses | (216) | (215) |
Calculated net deferred tax liabilities | 34 | (263) |
| (assets) | ||
Unrecognised deferred tax assets | 140 | 139 |
Net deferred tax liabilities (assets) | 174 | (123) |
| recognised | ||
- of which deferred tax liabilities | 426 | 417 |
- of which deferred tax assets | (252) | (540) |
2024 | 2023 | |
As at 1 January | (123) | (81) |
Change included in tax expenses from continuing operations | - | (65) |
Change included in tax expenses from discontinued operations | 35 | (11) |
Change from purchase and sale of subsidiaries | 162 | (1) |
Foreign exchange differences | 20 | 35 |
Net deferred tax liabilities reclassified to | 81 | - |
| assets held for sale | - | |
As at 31 December | 174 | (123) |
Weighted average number of shares | 2024 | 2023 |
Weighted average number of shares for basic earnings per share | 230,742,560 | 228,056,468 |
Effects of dilution from share - based payment | 687,460 | 521,130 |
Weighted average number of shares for diluted earnings per share | 231,430,020 | 228,577,598 |
Earnings per share - total | ||
Profit (loss) attributable to owners of the parent for basic earnings per share | 12,957 | 14,120 |
Profit (loss) attributable to owners of the parent for diluted earnings per share | 12,957 | 14,120 |
Earnings per share - basic (NOK) | 56.15 | 61.92 |
Earnings per share - diluted (NOK) | 55.99 | 61.77 |
| Earnings per share - continuing operations | ||
Profit (loss) attributable to owners of the parent for basic earnings per share | 4,623 | 1,562 |
Profit (loss) attributable to owners of the parent for diluted earnings per share | 4,623 | 1,562 |
Earnings per share - basic (NOK) | 20.03 | 6.85 |
Earnings per share - diluted (NOK) | 19.98 | 6.83 |
Goodwill | Trademarks, indefinite | ||||
2024 | 2023 | 2024 | 2023 | ||
Marketplaces - Sweden | significant | 1,135 | 970 | 8 | - |
Marketplaces - Denmark | significant | 2,446 | 2,333 | 1,039 | 991 |
Marketplaces - Finland | significant | 444 | 1,456 | 662 | 631 |
Marketplaces - Norway | not significant | 549 | 549 | - | - |
Delivery | not significant | 55 | 55 | - | - |
News Media - Norway | not significant | - | 285 | - | 366 |
News Media - Sweden | not significant | - | 622 | - | 19 |
Lendo Group | not significant | 105 | 101 | 89 | 87 |
3byggetilbud.dk A/S | not significant | 207 | 197 | 44 | 42 |
Prisjakt Group | not significant | 31 | 30 | 4 | 4 |
Schibsted SMB AB | not significant | 22 | 22 | - | - |
Other | not significant | 2 | 2 | 2 | 2 |
Total | 4,996 | 6,622 | 1,848 | 2,142 | |
- of which reclassified to held for sale | (366) | (139) | |||
Total after reclassification to held of sale | 4,629 | 6,622 | 1,709 | 2,142 |
| Assumption | ||
| sensitivity | ||
Marketplaces Sweden | Assumption | threshold |
Pre - tax discount rate | 9% | N/A |
Revenues CAGR 2024 - 2027 | 10% | N/A |
EBITDA CAGR 2024 - 2027 | 23% | N/A |
Cash flow growth after | ||
| management prognosis | ||
| period | ||
2028 - 2029 | 3% | N/A |
2030 - 2038 | 2% | N/A |
Sustained growth | 2% | N/A |
| Assumption | ||
| sensitivity | ||
Marketplaces Denmark | Assumption | threshold |
Pre - tax discount rate | 9% | 15% |
Revenues CAGR 2024 - 2027 | 14% | 6% |
EBITDA CAGR 2024 - 2027 | 32% | 7% |
Cash flow growth after management prognosis | ||
| period | ||
2028 | 8% | - 4% |
2029 | 7% | - 3% |
2030 - 2032 | 4% | - 2% |
2033 - 2037 | 3% | - 2% to - 1% |
2038 | 2% | - 1% |
Sustained growth | 2% | - 1% |
| Assumption | ||
| sensitivity | ||
Marketplaces Finland | Assumption | threshold |
Pre - tax discount rate | 10% | N/A |
Revenues CAGR 2023 - 2026 | 23% | N/A |
EBITDA growth 2024 - 2026 | 134% | N/A |
Cash flow growth after management prognosis | ||
| period | ||
2028 - 2029 | 8% | N/A |
2030 | 6% | N/A |
2031 - 2034 | 5% | N/A |
2035 - 2038 | 4% | N/A |
Sustained growth | 2% | N/A |
| Development in net carrying amount in | Trademarks, | Trademarks, | Software | Customer | ||
2024 | Goodwill | indefinite | definite | and licences | relations | Total |
As at 1 January | 6,622 | 2,142 | 1 | 1,848 | 477 | 11,091 |
Additions | - | - | 3 | 677 | - | 680 |
Acquired through business combinations | 224 | 7 | - | 7 | - | 238 |
Disposals | - | - | - | (2) | - | (2) |
Disposals on sale of businesses | (975) | (385) | - | (428) | (17) | (1,805) |
Reclassification | - | - | - | 6 | - | 6 |
Amortisation from continuing operations | - | - | (2) | (407) | (65) | (474) |
Amortisation from discontinued operations | - | - | - | (186) | (9) | (195) |
Impairment loss from continuing operations | (1,078) | - | - | (256) | - | (1,334) |
Foreign exchange differences | 202 | 83 | - | 11 | 21 | 317 |
Reclassified as held for sale | (366) | (139) | (2) | (208) | (16) | (732) |
As at 31 December | 4,629 | 1,709 | - | 1,062 | 390 | 7,791 |
- of which accumulated cost | 5,722 | 1,709 | 2 | 2,695 | 665 | 10,792 |
- of which accumulated amortisation and impairment loss | (1,093) | - | (2) | (1,633) | (274) | (3,001) |
Development in net carrying amount in | Goodwill | Trademarks, | Trademarks, | Software | Customer | Total |
| 2023 | indefinite | definite | and licences | relations | ||
As at 1 January | 6,279 | 1,995 | 2 | 1,595 | 518 | 10,389 |
Additions | - | - | - | 849 | - | 849 |
Acquired through business combinations | 21 | 12 | - | 25 | - | 58 |
Disposals | - | - | - | (2) | - | (2) |
Disposals on sale of businesses | (37) | - | - | (4) | - | (41) |
Amortisation from continuing operations | - | - | (1) | (308) | (65) | (374) |
Amortisation from discontinued operations | - | - | - | (301) | (12) | (313) |
Impairment loss from continuing operations | - | - | - | (36) | - | (36) |
Impairment loss from discontinued | - | - | - | (12) | - | (12) |
| operations | ||||||
Foreign exchange differences | 360 | 135 | - | 42 | 36 | 573 |
As at 31 December | 6,622 | 2,142 | 1 | 1,848 | 477 | 11,091 |
- of which accumulated cost | 7,571 | 2,142 | 22 | 4,621 | 744 | 15,100 |
- of which accumulated amortisation and impairment loss | (948) | - | (21) | (2,773) | (267) | (4,009) |
| Equipment, | ||||
| Buildings and | Plant and | furniture and | ||
| Development in net carrying amount in 2024 | land | machinery | similar assets | Total |
As at 1 January | 94 | 109 | 377 | 580 |
Additions | - | 4 | 88 | 92 |
Acquired through business combinations | - | 2 | 9 | 11 |
Disposals on sale of businesses | (85) | (99) | (180) | (364) |
Depreciation from continuing operations | (1) | (4) | (74) | (79) |
Depreciation from discontinued operations | (5) | (8) | (13) | (26) |
Impairment loss from continuing operations | - | - | (4) | (4) |
Reclassified as held for sale | - | - | (27) | (27) |
As at 31 December | 4 | 4 | 176 | 184 |
- of which accumulated cost | 6 | 29 | 416 | 451 |
- of which accumulated depreciation and impairment loss | (2) | (26) | (239) | (267) |
| Equipment, | ||||
| Buildings and | Plant and | furniture and | ||
| Development in net carrying amount in 2023 | land | machinery | similar assets | Total |
As at 1 January | 111 | 80 | 345 | 535 |
Additions | 5 | 55 | 152 | 212 |
Disposals on sale of businesses | (2) | - | (1) | (4) |
Reclassification | (15) | 13 | 1 | - |
Depreciation from continuing operations | (1) | (1) | (77) | (79) |
Depreciation from discontinued operations | (5) | (37) | (46) | (88) |
Impairment loss from continuing operations | - | - | (2) | (2) |
Impairment loss from discontinued operations | - | - | (3) | (3) |
Foreign exchange differences | - | - | 8 | 8 |
As at 31 December | 94 | 109 | 377 | 580 |
- of which accumulated cost | 203 | 684 | 931 | 1,818 |
- of which accumulated depreciation and impairment loss | (109) | (575) | (554) | (1,238) |
| End of lease | ||
Address | User of the office building | term |
V\u00e4stra J\u00e4rnv\u00e4gsgatan 21, Stockholm | Swedish group companies | 2033 |
Grensen 5 - 7, Oslo | Finn.no and headquarter functions | 2030 |
Toveien 19, Vestby | Delivery | 2035 |
2024 | 2023 | |
Expenses related to short - term leases and low value assets | (12) | (5) |
Depreciation of right - of - use assets | (150) | (155) |
Interest expense on lease liabilities | (32) | (36) |
Total amount recognised in profit or loss | (195) | (196) |
| Equipment, | |||
| Buildings and | furniture and | ||
| land | similar assets | Total | |
As at 1 January 2023 | 1,792 | 4 | 1,796 |
Additions | 512 | 9 | 521 |
Disposals on sale of businesses | (4) | - | (4) |
Partial or full termination | (44) | - | (44) |
Depreciation from continuing operations | (152) | (2) | (155) |
Depreciation from discontinued operations | (227) | (4) | (231) |
Foreign exchange differences | 60 | - | 60 |
As at 31 December 2023 | 1,937 | 7 | 1,944 |
As at 1 January 2024 | 1,937 | 7 | 1,944 |
Additions | 773 | 2 | 774 |
Acquired through business combinations | 3 | - | 3 |
Disposals on sale of businesses | (1,611) | (4) | (1,615) |
Partial or full termination | (5) | - | (5) |
Depreciation from continuing operations | (148) | (2) | (150) |
Depreciation from discontinued operations | (100) | (2) | (102) |
Foreign exchange differences | (4) | - | (4) |
Reclassified as held for sale | (29) | (3) | (32) |
As at 31 December 2024 | 810 | 2 | 812 |
2024 | 2023 | |
As at 1 January | 2,237 | 2,080 |
Additions | 774 | 529 |
Acquired through business combinations | 3 | - |
Disposals on sale of businesses | (1,824) | (3) |
Partial or full termination | - | (44) |
Lease payments | (351) | (468) |
Accretion of interest from continuing operations | 32 | 36 |
Accretion of interest from discontinued | 23 | 46 |
| operations | ||
Foreign exchange differences | (5) | 61 |
Reclassified as held for sale | (28) | - |
As at 31 December | 861 | 2,237 |
- of which current | 150 | 368 |
- of which non - current | 712 | 1,868 |
2024 | 2023 | |
<3 months | 50 | 112 |
3 months to 1 year | 143 | 331 |
1 to 2 years | 170 | 391 |
2 to 5 years | 397 | 863 |
>5 years | 253 | 866 |
Total | 1,013 | 2,564 |
2024 | 2023 | |
Net cash flow from operating activities | (68) | (90) |
Net cash flow from financing activities | (295) | (385) |
Total | (363) | (475) |
| Between one | More than | ||
| and five years | five years | Total | |
Extension options expected | 34 | 491 | 525 |
| not to be exercised | |||
Termination options | - | 124 | 124 |
| expected to be exercised | |||
Total | 34 | 615 | 649 |
Non-current | Current | |||
2024 | 2023 | 2024 | 2023 | |
Trade receivables, net (Note | - | - | 847 | 1,444 |
| 7 and Note 21) | ||||
Prepaid expenses | - | - | 77 | 251 |
Income tax receivables | - | - | 106 | 124 |
Loans to joint ventures and | 2 | 17 | 10 | 29 |
| associates | ||||
Financial derivatives (Note | 4 | 4 | 2 | 46 |
| 27) | ||||
Non - derivative financial | 18 | 20 | - | - |
| assets | ||||
Other receivables | 1 | 7 | 238 | 331 |
Inventories | - | - | 4 | 18 |
Total | 26 | 48 | 1,285 | 2,243 |
2024 | 2023 | |
Trade receivables | 874 | 1,556 |
Contract assets | 103 | 145 |
Less provision for expected credit losses on trade receivables and contract assets | (27) | (49) |
Trade receivables and contract assets | 950 | 1,652 |
Ageing of trade receivables by due date | 2024 | 2023 |
Not due | 586 | 1,058 |
Past due 0 - 45 days | 208 | 323 |
Past due 46 - 90 days | 27 | 51 |
Past due more than 90 days | 53 | 125 |
Trade receivables | 874 | 1,556 |
2024 | 2023 | |
Balance as at 1 January | 49 | 35 |
Provision for expected credit losses | 37 | 52 |
Write - off | (49) | (40) |
Disposals on sale of businesses | (11) | - |
Foreign exchange differences | 1 | 2 |
Balance as at 31 December | 27 | 49 |
| Valuation | Interest | Interest | ||||
| method | held | 2024 | held | 2023 | ||
Aurelia Netherlands Topco B.V | FV PL | level 3 | 13.97% | 21,750 | - | - |
Tibber AS | FV PL | level 3 | 14.04% | 363 | 13.95% | 555 |
Firi AS | FV PL | level 3 | 6.96% | 72 | 6.56% | 35 |
FJ Labs (III + Archangel I) | FV PL | level 3 | 2.62% | 47 | 2.62% | 31 |
FirstVet AB | FV PL | level 3 | 1.41% | 18 | - | - |
eEducation Albert AB | FV PL | level 1 | 13.15% | 9 | 13.15% | 21 |
Viaplay Group AB | FV PL | level 1 | - | - | 10.29% | 43 |
Other | FV PL | level 3 | 11 | 15 | ||
Equity instruments at fair value through profit or loss | FV PL | 22,272 | 700 | |||
Homely AS | FV OCI | level 3 | 17.60% | 54 | 17.60% | 53 |
Videocation.no AS | FV OCI | level 3 | 8.97% | 21 | 8.97% | 21 |
Dintero AS | FV OCI | level 3 | 6.20% | 13 | 6.20% | 34 |
Other | FV OCI | level 3 | 7 | 15 | ||
Equity instruments at fair value through OCI | FV OCI | 94 | 123 | |||
Total | 22,365 | 823 |
| Significant | Sensitivity of | ||||
| Fair value | unobservable | Value | the input to fair | ||
| Valuation technique | (NOK million) | inputs | applied | value | |
Investment in Aurelia Netherlands | Market approach using | 21,750 | EV/EBITDA | 23.7 | (10%)/10% |
| Topco B.V. | comparable trading multiples | multiple | |||
EV/ EBITDA - | 27.9 | (10%)/10% | |||
| CAPEX multiple | |||||
Adjustment for | (15%) | (5%)/5% | |||
| premium/(discount) |
| Obligation to acquire non- | ||||
controlling interests | Contingent considerations | |||
Development in net carrying amount 2024 | 2023 | 2024 | 2023 | |
As at 1 January | 217 | 627 | 116 | 133 |
Additions | - | 20 | 124 | - |
Settlement | - | (287) | (117) | - |
Change in fair value recognised in equity | - | (149) | - | - |
Change in fair value recognised in Profit (loss) | - | - | 28 | (30) |
Interest expenses | - | - | 6 | 3 |
Disposals on sale of businesses | (154) | - | - | - |
Foreign exchange differences | 1 | 6 | 1 | 9 |
As at 31 December | 65 | 217 | 158 | 116 |
- of which non - current (Note 24) | 65 | 104 | 124 | - |
- of which current (Note 24) | - | 113 | 34 | 116 |
The maturity profile of the financial liabilities | ||||
Maturity within 1 year | - | 113 | 34 | 116 |
Maturity between 1 and 2 years | 65 | - | 55 | - |
Maturity between 2 and 5 years | - | 104 | 69 | - |
Non-current | Current | |||
2024 | 2023 | 2024 | 2023 | |
Financial liabilities related to non - controlling interests' put options (Note 23) | 65 | 104 | - | 113 |
Contingent considerations business combinations (Note 23) | 124 | - | 34 | 116 |
Deferred consideration related to business combinations | - | - | - | 38 |
Liabilities to joint ventures and associates | 11 | 5 | 22 | 51 |
Trade payables | - | - | 197 | 393 |
Public duties payable | - | - | 411 | 718 |
Accrued salaries and other employment benefits | - | 15 | 460 | 852 |
Accrued expenses | - | - | 296 | 537 |
Provision for restructuring costs | 14 | 55 | 176 | 65 |
Financial derivatives (Note 5, Note 27) | 35 | 58 | 59 | 73 |
Other liabilities | 25 | 45 | 112 | 194 |
Total | 274 | 282 | 1,768 | 3,149 |
| 2023 | ||
| 2024 | (restated) | |
Non - current interest - bearing loans and borrowings | 3,018 | 4,872 |
Current interest - bearing loans and borrowings | - | 780 |
Cash and cash equivalents | (5,545) | (1,279) |
Net interest - bearing debt | (2,527) | 4,373 |
Group equity | 32,504 | 42,425 |
Net gearing (net interest - bearing | (0.08) | 0.10 |
| debt/equity) | ||
Undrawn long - term bank facilities (Note | 3,539 | 3,372 |
| 26) |
2024 | 2023 | ||||
Currency | Amount | NOK | Amount | NOK | |
Forward contracts, sale | SEK | 450 | 463 | 940 | 952 |
Forward contracts, sale | EUR | - | - | 15 | 173 |
Forward contracts, sale | DKK | 175 | 277 | 455 | 686 |
Forward contracts, buy | EUR | - | - | 6 | 67 |
| Currency | NOK to | ||||
| Currency | payment | receive | |||
Cross currency swap | DKK | 117 | Cibor 3 months + margin | 150 | Nibor 3 months + margin |
Cross currency swap | DKK | 117 | Cibor 3 months + margin | 150 | Nibor 3 months + margin |
Amount | Pay | Receive | |
Interest rate swap | 400 | Nibor 3 months + margin | 3.95% |
Interest rate swap | 250 | Nibor 3 months + margin | 4.85% |
Interest rate swap | 250 | Nibor 3 months + margin | 4.85% |
2024 | 2023 | ||||
Currency | Amount | NOK | Amount | NOK | |
Forward contracts, sale | SEK | 450 | 463 | 940 | 952 |
Forward contracts, sale | EUR | - | - | 15 | 173 |
Forward contracts, sale | DKK | 175 | 277 | 455 | 686 |
Forward contracts, buy | EUR | - | - | 6 | 67 |
| Currency | NOK to | ||||
| Currency | payment | receive | |||
Cross currency swap | DKK | 117 | Cibor 3 months + margin | 150 | Nibor 3 months + margin |
Cross currency swap | DKK | 117 | Cibor 3 months + margin | 150 | Nibor 3 months + margin |
Amount | Pay | Receive | |
Interest rate swap | 400 | Nibor 3 months + margin | 3.95% |
Interest rate swap | 250 | Nibor 3 months + margin | 4.85% |
Interest rate swap | 250 | Nibor 3 months + margin | 4.85% |
Carrying amount | Fair value (1) | |||||||
Non-current interest-bearing liabilities | 2024 | 2023 | 2024 | 2023 | Currency | Coupon | ||
Bonds | ||||||||
ISIN | NO0010786866 | (2017 - 2024) | - | 500 | - | 501 | NOK | |
ISIN NO0011157323 | (2021 - 2026) | 1,000 | 1,000 | 1,004 | 991 | NOK | FRN: Nibor 3 months + 78 bps | |
ISIN | NO0012484486 | (2022 - 2027) | 600 | 600 | 608 | 599 | NOK | FRN: Nibor 3 months + 120 bps |
ISIN NO0012484494 | (2022 - 2029) | 400 | 400 | 385 | 386 | NOK | 3.95% | |
ISIN NO0012911306 | (2023 - 2028) | 500 | 500 | 510 | 503 | NOK | FRN: Nibor 3 months + 145 bps | |
ISIN | NO0012911231 | (2023 - 2030) | 500 | 500 | 496 | 502 | NOK | 4.85% |
Total bonds | 3,000 | 3,500 | 3,002 | 3,481 | ||||
- of which current interest - bearing liabilities | - | 500 | - | 501 | ||||
Bank loans | (7) | 1,836 | (7) | 1,836 | ||||
Other loans | 25 | 36 | 25 | 36 | ||||
Total non - current interest - bearing liabilities | 3,018 | 4,872 | 3,020 | 4,852 | ||||
| Current interest-bearing liabilities | ||||||||
Bonds, maturity <1 year | - | 500 | - | 501 | ||||
Bank loans, overdrafts | 280 | - | 280 | |||||
Other loans | - | - | - | - | ||||
Total current interest - bearing liabilities | - | 780 | - | 780 | ||||
Total interest - bearing liabilities | 3,018 | 5,652 | 3,020 | 5,632 |
| Interest-bearing | ||
| liabilities | ||
2024 | 2023 | |
NOK | 3,025 | 5,536 |
EUR | - | 130 |
Total contractual amount | 3,025 | 5,666 |
| Interest-bearing | liabilities | credit facilities | Unutilised | |
2024 | 2023 | 2024 | 2023 | |
Maturity <3 months | - | 500 | - | - |
Maturity 3 months - 1 year | - | 286 | - | - |
Maturity 1 - 2 years | 1,000 | 1,844 | - | - |
Maturity 2 - 5 years | 1,500 | 2,111 | 3,539 | 3,372 |
Maturity >5 years | 525 | 924 | - | - |
Total contractual amount | 3,025 | 5,666 | 3,539 | 3,372 |
| Financial assets | Financial | Financial | ||||
| and liabilities | assets | Equity | liabilities | |||
| at fair value | at | instruments | at | |||
| through profit | amortised | at fair value | amortised | |||
31 December 2024 | Note | (loss) | cost | through OCI | cost | Total |
Equity instruments | 22 | 22,272 | - | 94 | - | 22,365 |
Other non - current assets | 20 | 4 | 21 | - | - | 26 |
Trade receivables and other current assets | 20,21 | 2 | 1,097 | - | - | 1,098 |
Cash and cash equivalents 1) | - | 5,545 | - | - | 5,545 | |
Total assets | 22,278 | 6,663 | 94 | - | 29,033 | |
Non - current interest - bearing loans and borrowings | 26 | - | - | - | 3,018 | 3,018 |
Other non - current liabilities | 24 | 160 | - | - | 50 | 210 |
Lease liabilities | 19 | - | - | - | 861 | 861 |
Other current liabilities | 24 | 93 | - | - | 1,246 | 1,339 |
Total liabilities | 253 | - | - | 5,176 | 5,428 |
| Financial assets | Financial | Financial | ||||
| and liabilities | assets | Equity | liabilities | |||
| at fair value | at | instruments | at | |||
| through profit | amortised | at fair value | amortised | |||
31 December 2023 | Note | (loss) 1) | cost | through OCI | cost | Total |
Equity instruments | 22 | 700 | - | 123 | - | 823 |
Other non - current assets | 20 | 4 | 44 | - | - | 48 |
Trade receivables and other current assets | 20,21 | 46 | 1,868 | - | - | 1,913 |
Cash and cash equivalents 2) | - | 1,279 | - | - | 1,279 | |
Total assets | 750 | 3,191 | 123 | - | 4,064 | |
Non - current interest - bearing loans and borrowings | 26 | - | - | - | 4,872 | 4,872 |
Other non - current liabilities | 24 | 58 | - | - | 120 | 178 |
Current interest - bearing loans and borrowings | 26 | - | - | - | 780 | 780 |
Lease liabilities | 19 | - | - | - | 2,237 | 2,237 |
Other current liabilities | 24 | 188 | - | - | 2,126 | 2,314 |
Total liabilities | 247 | - | - | 10,134 | 10,381 |
Assets | Liabilities | |||
2024 | 2023 | 2024 | 2023 | |
Forward contracts | 2 | 35 | 4 | 14 |
Interest rate and cross currency swaps | - | 6 | 90 | 112 |
Total return swaps | - | 5 | - | - |
Other | 4 | 4 | - | 5 |
Total | 7 | 50 | 95 | 131 |
31 December 2024 | Level 1 | Level 2 | Level 3 | Total |
Equity instruments at fair value through profit or loss (Note 22) | 9 | - | 22,262 | 22,272 |
Equity instruments at fair value through OCI (Note 22) | - | - | 94 | 94 |
Other financial assets at fair value through profit or loss | - | 7 | - | 7 |
Financial liabilities at fair value through profit or loss | - | (95) | (158) | (253) |
Financial liabilities for obligations to acquire non - controlling interests recognised in equity (Note 23) | - | - | (65) | (65) |
Total financial assets and liabilit i es at fair value | 9 | (88) | 22,133 | 22,055 |
31 December 2023 | Level 1 | Level 2 | Level 3 | Total |
Equity instruments at fair value through profit or loss (Note 22) | 63 | - | 637 | 700 |
Equity instruments at fair value through OCI (Note 22) | - | - | 123 | 123 |
Other financial assets at fair value through profit or loss | - | 50 | - | 50 |
Financial liabilities at fair value through profit or loss | - | (131) | (116) | (247) |
Financial liabilities for obligations to acquire non - controlling interests recognised in equity (Note 23) | - | - | (217) | (217) |
Total financial assets and liabilit i es at fair value | 63 | (81) | 427 | 409 |
2024 | 2023 | |
As at 1 January | 427 | 79 |
Additions | (111) | 19 |
Disposals | (8) | (17) |
Disposals on sale of businesses | 151 | - |
Transition from (to) subsidiaries, joint ventures, associates and receivables | 15,686 | (4) |
Settlements | 117 | 287 |
Changes in fair value recognised in equity | - | 149 |
Changes in fair value recognised in other comprehensive income | (24) | (20) |
Changes in fair value recognised in profit or loss | 5,895 | (66) |
As at 31 December | 22,133 | 427 |
Number of A-shares | Number of B-shares | Total number of shares | |||||||
Shares | Treasury | Issued | Shares | Treasury | Issued | Shares | Treasury | Issued | |
| outstanding | shares | outstanding | shares | outstanding | shares | ||||
As at 31 December 2022 | 104,025,858 | 434,100 | 104,459,958 | 128,631,129 | 1,169,937 | 129,801,066 | 232,656,987 | 1,604,037 | 234,261,024 |
Redemption of treasury shares | - | (1,497,680) | (1,497,680) | - | (1,830,375) | (1,830,375) | - | (3,328,055) | (3,328,055) |
Increase in treasury shares | (3,487,526) | 3,487,526 | - | (4,264,032) | 4,264,032 | - | (7,751,558) | 7,751,558 | - |
Decrease in treasury shares | - | - | - | 311,949 | (311,949) | - | 311,949 | (311,949) | - |
As at 31 December 2023 | 100,538,332 | 2,423,946 | 102,962,278 | 124,679,046 | 3,291,645 | 127,970,691 | 225,217,378 | 5,715,591 | 230,932,969 |
Redemption of treasury shares | - | (2,423,946) | (2,423,946) | (2,614,457) | (2,614,457) | - | (5,038,403) | (5,038,403) | |
New share issuance | - | - | - | 8,030,279 | 8,030,279 | 8,030,279 | - | 8,030,279 | |
Increase in treasury shares | (1,482,499) | 1,482,499 | - | (1,588,526) | 1,588,526 | - | (3,071,025) | 3,071,025 | - |
Decrease in treasury shares | - | - | - | 293,534 | (293,534) | - | 293,534 | (293,534) | - |
As at 31 December 2024 | 99,055,833 | 1,482,499 | 100,538,332 | 131,414,333 | 1,972,180 | 133,386,513 | 230,470,166 | 3,454,679 | 233,924,845 |
2024 | 2023 | |
Cash flow hedges | (4) | (19) |
Total hedging reserves | (4) | (19) |
2024 | 2023 | ||||||||
Group | Location | Non - | Profit (loss) | Accumulated | Dividends | Non - | Profit (loss) | Accumulated | Dividends |
| controlling | attributable | NCI | paid to | controlling | attributable | NCI | paid to | ||
| interest (%) | to NCI | NCI | interest (%) | to NCI | (restated) | NCI | |||
Finn.no group | Oslo, Norway | - | 36 | - | - | 9.99% | 98 | 96 | (89) |
Helthjem Netthandel AS | Oslo, Norway | 34.00% | 1 | 17 | - | 34.00% | - | 10 | - |
Plick AB | Stockholm, Sweden | - | (2) | - | - | 49.00% | (19) | 22 | - |
Aftonbladet Hierta AB | Stockholm, Sweden | - | 1 | - | (6) | 9.00% | 4 | - | (8) |
Podme group | Oslo, Norway | - | (5) | - | - | 8.98% | (6) | - | - |
Other | (8) | 2 | - | (8) | 13 | (2) | |||
Total | 23 | 19 | (6) | 68 | 142 | (99) |
2024 | 2023 | |
Cash in acquired companies | 91 | 9 |
Acquisition cost other current assets | 102 | 5 |
Acquisition cost non - current assets | 253 | 74 |
Aggregate acquisition cost assets | 446 | 88 |
Non - controlling interests and liabilities | (181) | (35) |
| assumed | ||
Contingent consideration deferred | (124) | - |
Contingent consideration paid | 115 | - |
Deferred consideration paid | 40 | - |
Fair value of previously held equity interest | (8) | (10) |
Gross purchase price | 289 | 43 |
Cash in acquired companies | (91) | (9) |
Acquisition of subsidiaries, net of cash | 198 | 33 |
| acquired |
2024 | 2023 | |
Cash in sold companies | 349 | 79 |
Carrying amount other current assets | 803 | 5 |
Carrying amount non - current assets | 4,543 | 54 |
Aggregate carrying amount assets | 5,696 | 138 |
Equity and liabilities transferred | (4,389) | (44) |
Gain (loss) | 3,768 | (9) |
Gross sales price | 5,074 | 86 |
Cash in sold companies | (349) | (79) |
Non - cash consideration and non - cash items | (128) | (59) |
| in gain (loss) | ||
Proceeds from sale of subsidiaries, net of cash sold | 4,597 | (52) |
2024 | 2023 | |
Increase in ownership interest - from | - | (287) |
settlement of financial liabilities for obligations to acquire non-controlling interests | ||
Increase in ownership interest - from other transactions | (9) | - |
Change in ownership interests in subsidiaries | (9) | (287) |
Interest - bearing loans and | Put | Lease liabilities | |
| borrowings (Note 26) | obligations | (Note 19) | |
As at 1 January 2024 | 5,652 | 217 | 2,237 |
Cash flow from financing activities | |||
- New interest - bearing loans and borrowings | 750 | - | - |
- Repayment of interest - bearing loans and borrowings | (3,383) | - | - |
- Payment of principal portion of lease liabilities | - | - | (295) |
Non - cash changes | (8) | 776 | |
Business combinations and loss of control | (4) | (154) | (1,823) |
Foreign exchange differences | 3 | 1 | (5) |
Other | 9 | - | - |
Reclassified as held for sale | - | - | (28) |
As at 31 December 2024 | 3,018 | 65 | 861 |
Put | |||
| Interest-bearing loans and | obligations | Lease liabilities | |
| borrowings (Note 26) | (restated) | (Note 19) | |
As at 1 January 2023 | 6,354 | 627 | 2,080 |
Cash flow from financing activities | |||
- New interest - bearing loans and borrowings | 1,017 | - | - |
- Repayment of interest - bearing loans and borrowings | (1,741) | - | - |
- Payment of principal portion of lease liabilities | - | - | (385) |
- Change in ownership interests in subsidiaries | - | (287) | - |
Non - cash changes | - | (128) | 485 |
Business combinations and loss of control | 4 | - | (3) |
Foreign exchange differences | 16 | 6 | 61 |
Other | 2 | - | - |
As at 31 December 2023 | 5,652 | 217 | 2,237 |
2024 | 2023 | |
Profit (loss) before taxes from continuing operations | 4,800 | 1,837 |
Depreciation, amortisation and impairment losses (recognised or reversed) | 2,166 | 734 |
Net interest expense | 60 | 330 |
Net effect pension liabilities | (17) | 2 |
Share of loss (profit) of joint ventures and associates | 83 | 70 |
Interest received | 197 | 74 |
Interest paid | (248) | (385) |
Taxes paid | (163) | (201) |
Non - operating gains and losses | (5,818) | (1,463) |
Change in working capital and provisions | (23) | 62 |
Net cash flow from operating activities from continuing operations | 1,037 | 1,059 |
Development and purchase of intangible assets and property, plant and equipment | (551) | (607) |
Acquisition of subsidiaries, net of cash acquired | (158) | - |
Investment in other shares | (62) | (108) |
Proceeds from sale of intangible assets and property, plant and equipment | 3 | - |
Proceeds from sale of subsidiaries, net of cash sold | (43) | (12) |
Sale of other shares | 9 | 17 |
Cash outflows from other investments | (165) | (333) |
Cash inflows from other investments | 63 | 1,251 |
Net cash flow from investing activities from continuing operations | (904) | 208 |
New interest - bearing loans and borrowings | 750 | 1,017 |
Repayment of interest - bearing loans and borrowings | (3,383) | (1,741) |
Payment of principal portion of lease liabilities | (143) | (147) |
Change in ownership interests in subsidiaries | (9) | (287) |
Capital increase | 7 | - |
Net sale (purchase) of treasury shares | (987) | (1,520) |
Dividends paid to owners of the parent | (20,451) | (459) |
Dividends paid to non - controlling interests | - | (89) |
Net cash flow from financing activities from continuing operations | (24,215) | (3,226) |
| Board | ||||
| remuneration from | ||||
| Board | Committee | other Group | Total | |
| Members of the Board and Committees: | remuneration | remuneration | companies | remuneration |
Karl - Christian Agerup, Chairman of the Board and Member of the Compensation Committee. | 1,380 | 107 | - | 1,487 |
Rune Bjerke, Deputy Chairman of the Board and Chairman of Audit Committee. | 1,036 | 240 | - | 1,275 |
Philippe Vimard, Board member and Member of the Compensation Committee.* | 814 | 124 | - | 938 |
Satu Kiiskinen, Board member and Member of the Audit | 698 | 147 | - | 845 |
| Committee.* | ||||
Dr. Ulrike Handel, Board member and Member of the Audit | 814 | 147 | - | 962 |
| Committee.* | ||||
Natalia Gennadievna Zharinova, Board member and Chairman of Compensation Committee from April 2024.* | 579 | 111 | - | 690 |
Rolv Erik Ryssdal, Board member from April 2024. | 445 | - | - | 445 |
Satu Huber, Board member and Member of the Compensation | 219 | 33 | - | 252 |
| Committee to April 2024.* | ||||
Hugo Maurstad, Board member to April 2024. | 202 | - | - | 202 |
Henning Spjelkavik, Employee representative from April 2024. | 359 | 101 | 55 | 515 |
Yevgeniya N\u00e4ttil\u00e4, Employee representative from April 2024.* | 308 | - | - | 308 |
Kamilla Wehrmann, Employee representative from April 2024. | 275 | 73 | - | 348 |
Hans Kristian Mjelva, Employee representative. Member of the Compensation Committee to April 2024.* | 257 | 33 | - | 290 |
Marita E. Valvik, Employee representative from June 2023 to April 2024. | 240 | - | - | 240 |
Total | 7,626 | 1,118 | 55 | 8,799 |
| Other | Tax | Other non- | |||
| Audit | attestation | advisory | audit | ||
| services | services | services | services | Total | |
Schibsted Group | |||||
PwC | 12 | 3 | - | 5 | 20 |
Other auditors | 2 | - | - | - | 2 |
Total | 14 | 3 | - | 5 | 22 |
- of which continuing operations | 9 | 3 | - | 5 | 17 |
- of which discontinued | 5 | - | - | - | 5 |
| operations | |||||
Schibsted ASA | |||||
PwC | 2 | 3 | - | 1 | 5 |
| Other | Tax | Other non- | |||
| Audit | attestation | advisory | audit | ||
| services | services | services | services | Total | |
Schibsted Group | |||||
PwC | 14 | 1 | - | 2 | 17 |
Other auditors | 1 | - | 1 | 2 | |
| - | |||||
Total | 15 | 1 | 1 | 2 | 19 |
- of which continuing operations | 8 | 1 | 1 | 2 | 12 |
- of which discontinued | 7 | - | - | - | 7 |
| operations | |||||
Schibsted ASA | |||||
PwC | 3 | - | - | - | 3 |
| 2024 | |
Assets | |
Intangible assets | 732 |
Property, plant and equipment | 27 |
Right - of - use assets | 32 |
Deferred tax assets | 115 |
Other non - current assets | 3 |
Contract assets | 48 |
Trade receivables and other current assets | 338 |
Cash and cash equivalents | 19 |
Assets held for sale | 1,314 |
Liabilities | |
Deferred tax liabilities | 34 |
Pension liabilities | 5 |
Non - current lease liabilities | 15 |
Other non - current liabilities | 1 |
Income tax payable | 10 |
Current lease liabilities | 13 |
Contract liabilities | 87 |
Other current liabilities | 243 |
Liabilities held for sale | 408 |
Net assets directly associated with disposal group | 906 |
Amounts included in accumulated other | |
| comprehensive income: | |
Foreign currency translation reserve | 73 |
2024 | 2023 | |
Operating revenues | 4,239 | 8,139 |
Costs of goods and services sold | (72) | (259) |
Personnel expenses | (1,970) | (3,613) |
Marketing expenses | (636) | (880) |
Other operating expenses | (1,077) | (2,456) |
Gross operating profit (loss) | 484 | 930 |
Depreciation and amortisation | (323) | (632) |
Impairment loss | - | (15) |
Other income | 5 | 75 |
Other expenses | (44) | (125) |
Operating profit (loss) | 122 | 234 |
Share of profit (loss) of joint ventures and associates | (562) | (1,719) |
Impairment loss on joint ventures and associates (recognised or reversed) | - | 14,555 |
Gains (losses) on disposal of joint ventures and associates | - | (4) |
Financial income | (19) | (23) |
Financial expenses | (14) | (376) |
Profit (loss) before taxes | (474) | 12,667 |
Income taxes | (25) | (51) |
Profit (loss) after taxes from discontinued operations | (498) | 12,615 |
Gain on disposal | 8,826 | (28) |
Related income tax expense | - | (31) |
Profit (loss) from discontinued operations | 8,329 | 12,556 |
Other comprehensive income from discontinued operations | (1,671) | 1,156 |
Total comprehensive income from discontinued operations | 6,657 | 13,713 |
Total comprehensive income from discontinued operations attributable to: | ||
Non - controlling interests | (6) | - |
Owners of the parent | 6,662 | 13,713 |
Earnings per share from discontinued operations in NOK: | ||
Basic | 36.11 | 55.07 |
Diluted | 36.01 | 54.94 |
| 2024 | |
Assets | |
Intangible assets | 732 |
Property, plant and equipment | 27 |
Right - of - use assets | 32 |
Deferred tax assets | 115 |
Other non - current assets | 3 |
Contract assets | 48 |
Trade receivables and other current assets | 338 |
Cash and cash equivalents | 19 |
Assets held for sale | 1,314 |
Liabilities | |
Deferred tax liabilities | 34 |
Pension liabilities | 5 |
Non - current lease liabilities | 15 |
Other non - current liabilities | 1 |
Income tax payable | 10 |
Current lease liabilities | 13 |
Contract liabilities | 87 |
Other current liabilities | 243 |
Liabilities held for sale | 408 |
Net assets directly associated with disposal group | 906 |
Amounts included in accumulated other | |
| comprehensive income: | |
Foreign currency translation reserve | 73 |
2024 | 2023 | |
Operating revenues | 4,239 | 8,139 |
Costs of goods and services sold | (72) | (259) |
Personnel expenses | (1,970) | (3,613) |
Marketing expenses | (636) | (880) |
Other operating expenses | (1,077) | (2,456) |
Gross operating profit (loss) | 484 | 930 |
Depreciation and amortisation | (323) | (632) |
Impairment loss | - | (15) |
Other income | 5 | 75 |
Other expenses | (44) | (125) |
Operating profit (loss) | 122 | 234 |
Share of profit (loss) of joint ventures and associates | (562) | (1,719) |
Impairment loss on joint ventures and associates (recognised or reversed) | - | 14,555 |
Gains (losses) on disposal of joint ventures and associates | - | (4) |
Financial income | (19) | (23) |
Financial expenses | (14) | (376) |
Profit (loss) before taxes | (474) | 12,667 |
Income taxes | (25) | (51) |
Profit (loss) after taxes from discontinued operations | (498) | 12,615 |
Gain on disposal | 8,826 | (28) |
Related income tax expense | - | (31) |
Profit (loss) from discontinued operations | 8,329 | 12,556 |
Other comprehensive income from discontinued operations | (1,671) | 1,156 |
Total comprehensive income from discontinued operations | 6,657 | 13,713 |
Total comprehensive income from discontinued operations attributable to: | ||
Non - controlling interests | (6) | - |
Owners of the parent | 6,662 | 13,713 |
Earnings per share from discontinued operations in NOK: | ||
Basic | 36.11 | 55.07 |
Diluted | 36.01 | 54.94 |