Annual accounts

Figures in 1000s		Ruter As			Ruter Group
	Notes	2023	2022	2021	2023	2022	2021
Operating income
Ticket revenue, service sales, subsidies and other income	1, 2	12 190 848	11 036 383	10 352 293	12 200 928	11 045 642	10 361 043
Total operating income		12 190 848	11 036 383	10 352 293	12 200 928	11 045 642	10 361 043
Operating expenses
Transport services, fixed-price contracts and route operations	2, 3	10 825 107	9 988 964	9 243 358	10 825 107	9 988 964	9 205 818
Salaries and benefits	4	382 446	344 053	305 548	382 446	344 053	334 747
Depreciation and amortization	5, 6	122 434	155 844	136 620	127 030	160 468	147 960
Impairments	5, 6	2 696	9 770	11 851	2 696	9 770	12 443
Other operating expenses	4, 7	903 115	670 754	604 142	900 343	668 025	618 054
Total operating expenses		12 235 798	11 169 386	10 301 519	12 237 622	11 171 280	10 319 022
OPERATING PROFIT		-44 950	-133 003	50 774	-36 695	-125 639	42 021
Financial income and expenses
Financial income
Group interest income	8	5 525	3 606	2 019	0	0	0
Interest income		67 401	47 428	16 208	68 359	47 849	16 618
Other financial income		184	372	974	191	379	998
Total financial income		73 110	51 406	19 201	68 550	48 229	17 616
Financial expenses
Interest expense		4 524	2 710	1 287	4 525	2 711	1 296
Other financial expenses		605	324	448	605	324	465
Total financial expenses		5 129	3 034	1 735	5 131	3 034	1 762
NET FINANCIAL ITEMS		67 981	48 372	17 466	63 420	45 194	15 854
Profit before tax		23 031	-84 632	68 240	26 725	-80 445	57 876
Tax expense on ordinary income	9	0	0	0	1 184	1 288	1 531
PROFIT FOR THE YEAR		23 031	-84 632	68 240	25 542	-81 733	56 344
Minority interest in the result		0	0	0	304	339	360
		23 031	-84 632	68 240	25 238	-82 072	55 984
To other equity	10	23 031	-84 632	68 240	0	0	0

Figures in 1000s		Ruter As			Ruter Group
	Notes	2023	2022	2021	2023	2022	2021
FIXED ASSETS
Intangible assets
Intangible assets	5	158 520	187 009	210 734	158 520	187 009	226 612
Total intangible assets		158 520	187 009	210 734	158 520	187 009	226 612
Property, plant and equipment
Buildings and land	6	41 664	30 719	11 419	191 021	185 548	169 856
Ticketing system and inventory	6	54 743	75 865	59 195	54 743	75 865	59 195
Total property, plant and equipment		96 407	106 584	70 614	245 764	261 414	229 051
Financial fixed assets
Investments shares in subsidiaries	11	58 692	58 462	73 462	0	0	0
Loans to companies in the same group	8	87 500	91 000	96 158	0	0	0
Investments in shares and participations	11	96	96	96	96	96	96
Total financial fixed assets		146 288	149 558	169 716	96	96	96
TOTAL FIXED ASSETS		401 215	443 151	451 063	404 380	448 519	455 758
CURRENT ASSETS
Inventory
Inventory		536	578	500	536	578	500
Total inventory		536	578	500	536	578	500
Receivables
Trade receivables		365 074	592 150	206 701	365 709	592 858	207 107
Other current receivables		544 489	225 573	226 581	545 573	226 159	227 923
Total receivables		909 563	817 723	433 282	911 282	819 017	435 030
Cash and cash equivalents
Cash and cash equivalents	12	1 840 431	1 540 194	1 997 536	1 858 986	1 554 429	2 029 419
Total cash and cash equivalents		1 840 431	1 540 194	1 997 536	1 858 986	1 554 429	2 029 419
TOTAL CURRENT ASSETS		2 750 530	2 358 494	2 431 318	2 770 804	2 374 023	2 464 949
TOTAL ASSETS		3 151 745	2 801 646	2 882 381	3 175 185	2 822 542	2 920 707

Figures in 1000s		Ruter As			Ruter Group
	Notes	2023	2022	2021	2023	2022	2021
EQUITY
Contributed capital
Share capital	13	120	120	120	120	120	120
Share premium	10	188 300	188 300	188 300	187 484	187 484	187 484
Total contributed capital		188 420	188 420	188 420	187 604	187 604	187 604
Retained earnings
Other equity	10	485 657	499 258	598 306	502 217	517 341	620 877
Total retained earnings		485 657	499 258	598 306	502 217	517 341	620 877
Minority interests	10	0	0	0	1 713	2 017	2 356
TOTAL EQUITY		674 077	687 678	786 727	691 534	702 928	810 837
LIABILITIES
LONG-TERM LIABILITIES
Provisions for liabilities
Pension obligations	14	54 260	52 263	37 157	54 260	52 894	43 127
Deferred tax	9	0	0	0	3 503	3 467	3 397
Total provisions for liabilities		54 260	52 263	37 157	57 763	56 361	46 524
Other long-term liabilities
Debt to credit institutions	15	0	0	101 700	0	0	101 700
Other long-term liabilities		1 274	1 274	1 334	0	0	60
Total other long-term liabilities		1 274	1 274	103 034	0	0	101 760
TOTAL LONG-TERM LIABILITIES		55 534	53 537	140 191	57 763	56 361	148 283
CURRENT LIABILITIES
Trade payables		1 283 425	1 027 921	758 618	1 283 795	1 028 054	759 874
Tax payable	9	0	0	0	1 148	1 218	1 388
Accrued public charges		31 869	23 574	23 701	32 045	23 103	24 225
Other current liabilities	15	1 106 840	1 008 937	1 173 145	1 108 900	1 010 879	1 176 100
TOTAL CURRENT LIABILITIES		2 422 134	2 060 431	1 955 463	2 425 888	2 063 254	1 961 587
TOTAL LIABILITIES		2 477 668	2 113 968	2 095 654	2 483 651	2 119 614	2 109 870
TOTAL EQUITY AND LIABILITIES		3 151 745	2 801 645	2 882 381	3 175 185	2 822 542	2 920 707

		Ruter As			Ruter Group
Figures in 1000s		2023	2022	2021	2023	2022	2021
Cash flows from operating activities
Profit before tax		23 031	-84 632	68 240	26 725	-80 445	57 876
- Taxes paid during the period		0	0	0	1 184	1 288	1 226
+ Depreciation and amortization		122 434	155 844	136 620	127 030	160 468	147 960
+ Impairment of fixed assets		2 696	9 770	11 851	2 696	9 770	12 443
+/- Change in inventory		41	-77	20	41	-77	20
+/- Change in trade receivables		227 831	-387 499	183 064	227 758	-386 580	180 633
+/- Change in trade payables		255 505	269 303	130 162	256 109	264 616	120 457
+/- Change in pension provisions		19 924	15 106	-43 442	19 924	15 106	-46 100
+/- Change in other accruals		-264 991	-256 796	59 352	-270 677	-278 057	58 251
= Net cash flow from operating activities		386 471	-278 981	545 867	390 790	-296 487	530 314
Cash flows from investing activities
- Payments for the purchase of property, plant and equipment		12 739	64 916	24 658	12 739	65 057	26 258
- Payments for the purchase of intangible assets		73 724	113 445	129 256	73 724	113 445	142 701
= Net cash flow from investing activities		-86 463	-178 361	-153 914	-86 463	-178 502	-168 959
Cash flows from financing activities
- Payments for the repayment of long-term debt		0	0	-5 650	0	0	-5 650
+ Capital contributions		230	0	0	230	0	0
= Net cash flow from financing activities		230	0	5 650	230	0	5 650
= Net change in cash and cash equivalents		300 238	-457 342	397 603	304 557	-474 989	367 005
+ Cash and cash equivalents 01.01.		1 540 193	1 997 535	1 599 932	1 554 429	2 029 418	1 662 413
= Cash and cash equivalents 31.12.		1 840 431	1 540 193	1 997 536	1 858 986	1 554 429	2 029 419