Financial highlights 2010

Income statement	DKKm
Gross contribution from projects	121
Operating income (loss) [*]	61
Net income for the year	67
Balance sheet at 31 December 2010
Share capital investment in projects at cost	1,196
Project loans at cost	812
Total investment in projects at cost	2,009
Accumulated value adjustments	(217)
Investments in projects, net	1,791
Cash and bonds	484
Repaid capital/paid-in capital during the year	0
Total equity capital	2,304
Total balance	2,342
Additional data
New projects contracted (no.)	32
Portfolio of projects end of year (no.)	227
Investments contracted	559
Investments disbursed	398
Undisbursed contracted investments incl. guarantees	891
Binding commitments not yet contracted	319
Key ratios
Gross contribution from projects/Average investment in projects - value adjusted	7.3%
Operating income/Average investment in projects value adjusted	3.7%
Net income for the year/Average total equity capital	2.9%
Accumulated value adjustments/Investments in projects at cost	-10.8%
Average number of full-time employees (all three funds)	71
[*] Operating income = gross contribution from projects less operating expenses