income statement

1. Telenor Pakistan
2006 20
(NOK in millions) Q1 Q2 Q3 Q4 Q1
Subscription and traffic 149 193 266 394 557
Interconnect revenues 62 70 60 83 119
Mobile revenues company's subscriptions
211 263 326 477 676
Other mobile revenues - 1 3 3 5
Total mobile revenues 211 264 329 480 681
Non-mobile revenues 4 1 4 6 5
Total revenues 1)
215 265 333 486 686
1)
Of which internal revenues 2 1 4 4 4
EBITDA before other income and expenses (117)
(77) (87) (47) (3)
Other income and expenses - - - - -
EBITDA (77) (117) (87) (47) (3)
Depreciation and amortisation 1) 98 103 112 136 155
Write-downs 2)
- - - - -
Operating profit/ (loss) (175) (220) (199) (183) (158)
1)
Of which amortisation of Telenor's net excess values
- - - - -
2)
Of which write-downs of Telenor's net excess values
- - - - -
EBITDA before other income and expenses/ Total revenues (%)
(35.8) (44.2) (26.1) (9.7) (0.4)
EBITDA/Total revenues (%) (35.8) (44.2) (26.1) (9.7) (0.4)
Operating profit/Total revenues (%) (81.4) (83.0) (59.8) (37.7) (23.0)
Capex 351 754 701 847 742
Investments in businesses - - - - -
No. of mobile subscriptions (in thousands)
2,527 3,205 4,597 6,661 9,071
- of which prepaid 2,495 3,165 4,555 6,621 9,019
Average traffic minutes per subscription 136 month (AMPU)123the quarter
per 146 in 132 142
Average revenue per subscription per month (ARPU) in the quarter 28
32 30 27 28
- of which contract 59 59 51 60 74
- of which prepaid 31 30 27 28 28
CONSOLIDATED INCOME STATEMENT
Telenor Group 2006 20

2. Q1
(NOK in millions except earnings per share) Q2 Q3 Q4 Q1
Revenues 21,284 22,003 23,255 24,535 22,446
Costs of materials and traffic charges 5,275 5,500 5,665 6,165 6,263
Salaries and personnel costs 2,815 2,835 2,442 3,035 2,994
Other operating expenses 5,384 5,826 5,994 7,149 6,088
Other (income) and expenses 61 28 224 (8) 66
EBITDA 7,749 7,814 8,930 8,194 7,035
Depreciation and amortisation 3,482 3,478 3,685 4,076 3,442
Write-downs 3 88 29 138 8
Operating profit 4,264 4,248 5,216 3,980 3,585
Associated companies 311 360 558 1,124 386
Net financial items 1,202 (727) 194 798 223
Profit before taxes 5,777 3,881 5,968 5,902 4,194
Taxes (1,560) (1,049) (1,613) 1,074 (1,258)
Profit from continuing operations 4,217 2,832 4,355 6,976 2,936
Profit (loss) from discontinued operations13 42 62 38 38
Profit 4,230 2,874 4,417 7,014 2,974
Attributable to:
Non-controlling interests (Minority interests)
580 590 636 809 298
3,650
Equity holders of Telenor ASA (Net income) 2,284 3,781 6,205 2,676
Earnings per share in NOK
From continuing operations:
Basic 2.15 1.33 2.21 3.67 1.57
Diluted 2.15 1.33 2.21 3.67 1.57
From total operations:
Basic 2.15 1.35 2.25 3.69 1.59
Diluted 2.15 1.35 2.25 3.69 1.59

3. 2007 2008
Q2 Q3 Q4 Q1 Q2 Q3 Q4
670 713 809 847 797 701
158 160 173 183 173 144
828 873 982 1,030 970 845
3 4 4 3 2 7
831 877 986 1,033 972 852
10 10 14 9 19 17
841 887 1,000 1,042 991 869
3 2 3 2 9 13
59 150 167 179 206 99
- - - - - -
59 150 167 179 206 99
165 178 237 235 211 221
- - - - - -
(106) (28) (70) (56) (5) (122)
- - - - - -
- - - - - -
7.0 16.9 16.7 17.2 20.8 11.4
7.0 16.9 16.7 17.2 20.8 11.4
(12.6) (3.2) (7.0) (5.4) (0.5) (14.0)
880 1,013 1,354 638 966 208
- - - - - -
10,701 12,579 14,596 16,702 18,125 18,472
10,625 12,486 14,478 16,561 17,970 18,307
154 153 165 163 165 146
28 25 23 22 19 15
58 70 58 51 41 35
28 24 23 22 18 15
2007 2008

4. Q2 Q3 Q4 Q1 Q2 Q3 Q4
23,155 23,135 23,737 23,205 23,837 23,788
6,513 6,500 6,689 6,170 6,462 6,509
3,066 2,657 3,106 3,216 3,383 2,953
6,232 6,501 6,880 6,461 6,687 6,659
26 (180) (185) 235 99 321
7,318 7,657 7,247 7,123 7,206 7,346
3,402 3,443 3,671 3,259 3,328 3,501
64 1 241 2 1 6
3,852 4,213 3,335 3,862 3,877 3,839
795 978 4,303 2,998 1,850 1,789
(811) (489) (399) (607) (520) (1,194)
3,836 4,702 7,239 6,253 5,207 4,434
(490) (1,150) 730 (1,227) (1,232) (1,067)
3,346 3,552 7,969 5,026 3,975 3,367
85 1,277 - - - -
3,431 4,829 7,969 5,026 3,975 3,367
178 376 335 455 439 372
3,253 4,453 7,634 4,571 3,536 2,995
1.89 1.89 4.54 2.72 2.11 1.80
1.88 1.89 4.54 2.72 2.11 1.80
1.94 2.65 4.54 2.72 2.11 1.80
1.93 2.65 4.54 2.72 2.11 1.80