Financials
In the 2011 profit before loan impairment charges and taxation, excluding the Axcel III fund, is DKK 554.5 million (2010: DKK 954.7 million), which is slightly higher than expected.
Equity amounts to DKK 7,166 million at the end of 2011 (year-end 2010: DKK 8,334 million), and FIH maintains a high core capital ratio of 15.6 per cent (year-end 2010: 13.3 per cent) and a strong solvency ratio of 17.8 per cent (year-end 2010: 15.4 per cent).
Results before taxation, excluding the Axcel III fund, are negative by DKK -437.5 million (2010: DKK -968.0 million), while results after taxation and including the Axcel III fund are negative by DKK 1,178.1 million (2010: positive by DKK 524.6 million).
In accordance with its business strategy, FIH has reduced its loan balance by DKK 15.2 billion since year-end 2010. The loan balance reduction is in full compliance with the aims of FIH’s business strategy, and FIH has thus reduced total loans by 26.1 per cent during 2011.
Past annual and quarterly reports
Selected Key Figures (DKK million)