|USD thousands||Q1 2013||2012||2011||2010||2009||2008|
|Profit (loss) for the period||-18,289||44,275||36,310||37,162||-86,990||-60,914|
|Interest bearing debt||140,506||150,906||196,868||200,685||351,843||355,914|
|Net interest bearing debt||-24,718||18,112||90,179||94,698||336,272||322,757|
|Net cash from operating activities||78,453||166,743||117,341||127,838||71,623||36,958|
|Net cash used in investing activities||-40,795||-76,476||-106,175||-44,959||-63,613||-60,783|
|Net cash used in financing activities||-11,239||-51,453||-27,602||-400||-26,778||25,865|
|Cash and cash equivalents end of period||143,958||117,060||79,405||95,334||15,571||33,157|
|Earnings per share USD||-0.45||0.89||0.73||2.50||-8.92||-6.23|
|Capex USD thousands||43,102||95,874||125,008||40,905||48,303||64,502|
|Transport revenue as % of total revenues||64%||67%||64%||61%||59%||58%|
The Consolidated Interim Financial Statements of the Company are presented in USD, which is the Company’s functional currency. The Company’s functional currency in previous years was ISK. The transition of the functional currency from ISK to USD was made as of 1 January 2012, because of changes in the focus of the Company’s operations and primary economic environment in which it operates. Due to increased international operations the significance of the USD in the Group’s operation has increased and is currently recognized as it’s functional currency.
Comparative figures for the years 2008-2011 have been translated to USD using the conversion rate at year-end 2011 of ISK 122.6.