Financial highlights 2009

Income statement	DKKm
Gross contribution from projects	126
Operating income (loss) [*]	65
Net income for the year	90
Balance sheet at 31 December 2009
Share capital investment in projects at cost	1,077
Project loans at cost	745
Total investment in projects at cost	1,822
Accumulated value adjustments	(296)
Investments in projects, net	1,526
Cash and bonds	685
Repaid capital/paid-in capital during the year	(75)
Total equity capital	2,237
Total balance	2,270
Additional data
New projects contracted (no.)	35
Portfolio of projects end of year (no.)	218
Investments contracted	642
Investments disbursed	272
Undisbursed contracted investments incl. guarantees	806
Binding commitments not yet contracted	319
Key ratios
Gross contribution from projects/Average investment in projects - value adjusted	8.5%
Operating income/Average investment in projects value adjusted	4.3%
Net income for the year/Average total equity capital	4.1%
Accumulated value adjustments/Investments in projects at cost	-16.2%
Average number of full-time employees (all three funds)	73
[*] Operating income = gross contribution from projects less operating expenses