For the year ended 31 December (1)
For more detailed information, see Financial Highlights.
(in NOK billion, unless stated otherwise)
2011 2010
(restated)
2009
(restated)
       
Net operating income 211.8 137.3 121.7
Cash flows provided by operations 111.5 80.8 73.1
Net debt to capital employed adjusted 21.1 % 25.5 % 27.6 %
Calculated ROACE based Average Capital Employed before Adjustments 22.1 % 12.6 % 10.6 %
Total equity liquids and gas production (mboe per day) 1.850 1.888 1.962
Proved oil and gas reserves (mmboe) 5,426 5,325 5,408
Production cost equity volumes (NOK/boe, last 12 months) 43.1 38.60 35.30
Proposed dividend per share NOK 6.50 6.25 6.00
       
(1) Data for the years ended 31 December 2008 and 2007 have been omitted because such financial information cannot be provided on a restated basis without unreasonable effort or expense.
The board of directors will propose the 2011 dividend for approval at the Annual General Meeting scheduled for 15 May 2012.