Five-year summary

MSEK 2009 2010 2011 2012 2013
Revenues 27,812 27,150 27,968 27,388 30,240
EBITDA excluding sale of assets 7,238 7,073 6,512 7,060 7,947
Income from operations 4,002 3,558 4,578 3,401 3,887
Share of associated companies’ results  24 131 60 18 (51)
Income before tax 2,344 2,680 2,779 1,777 2,148
           
Vessels 27,257 28,753 34,185 40,708 40,956
Investment properties  24,040 24,148 25,753 26,658 27,831
Other non-current assets 28,591 29,842 27,494 26,412 28,150
Cash and cash equivalents/short-term investments 4,877 5,792 4,255 3,676 3,747
Other current assets 7,440 6,403 6,909 7,446 7,528
           
Shareholders’ equity including deferred income taxes 32,829 33,505 34,645 34,479 39,214
Other provisions 3,042 2,580 2,332 1,994 1,356
Long-term liabilities 48,952 52,176 52,382 56,939 55,919
Current liabilities 7,382 6,677 9,237 11,488 11,723
           
Total assets 92,205 94,938 98,596 104,900 108,212
           
Cash flow from operating activities 7,084 5,065 4,895 5,034 4,989
Net cash used in investing activities (6,456) (9,681) (5,579) (11,553) (4,578)
Net cash provided by/used in financing activities (907) 5,151 559 6,489 (19)
Net change in cash and cash equivalents (248) 482 (78) (6) 472
           
Number of employees, average 10,236 9,847 10,242 10,565 11,348
Number of vessels1) 91 91 106 117 137

1) Excluding newbuildings and external ship management