Statistics and accumulated accounts (IØ)
The total number of IØ projects reached 435 at the end of 2010. Out of these IØ had exited 362 projects. Success and profitability of IØ projects can only be evaluated in a long term perspective and – from IØ’s perspective – best after IØ’s exit. In the following, selected statistics and accounts will be presented for the exited projects.
Internal rate of return (IRR) on exited projects
Total IRR on the 362 projects from which IØ has exited up till the end of 2010 is 5.9 % distributed on 8.3 % for share capital and 2.6 % for loans (see diagram below).
When it comes to geographic distribution, the best results have been on projects in the 10 eastern and central European countries now part of the EU. The result for exited projects in CIS countries and Balkan states is so far about break-even, however based on a much smaller sample.
Accumulated accounts
The realised contribution from the 362 projects exited in IØ since 1989 shows that IØ received a total gross contribution from projects of DKK 755,3m. Share capital investments contributed DKK 458.5m, while loans and guarantees contributed DKK 291.2m.
The cash flow on these exited project activities shows that operating activities generated a positive net cash flow of DKK 457.2m, while investing activities generated a net cash flow of DKK 296.1m.