Financial highlights 2010

Income statement	DKKm
Gross contribution from projects	290
Operating income (loss) [*]	278
Net income for the year	279
Balance sheet at 31 December 2010
Share capital investment in projects at cost	414
Project loans at cost	441
Total investment in projects at cost	855
Accumulated value adjustments	320
Investments in projects, net	1,175
Cash and bonds	148
Repaid capital/paid-in capital during the year	(100)
Total equity capital	1,335
Total balance	1,335
Additional data
New projects contracted (no.)	3
Portfolio of projects end of year (no.)	73
Investments contracted	44
Investments disbursed	69
Undisbursed contracted investments incl. guarantees	183
Binding commitments not yet contracted	57
Key ratios
Gross contribution from projects/Average investment in projects - value adjusted	27.2%
Operating income/Average investment in projects value adjusted	26.0%
Net income for the year/Average total equity capital	22.4%
Accumulated value adjustments/Investments in projects at cost	37.4%
Average number of full-time employees (all three funds)	71
[*] Operating income = gross contribution from projects less operating expenses