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The President and CEO's
Message
The VPS Group
The Board of Directors' Report
VPS Holding Group
Profit and Loss Account
VPS Holding Group
Balance Sheet
VPS Holding Group
Equity Capital Statement
VPS Holding Group
Funds Flow Statement
VPS Holding Group
Notes to the Accounts
VPS Holding Group
Profit and Loss Account
VPS Holding ASA
Balance Sheet
VPS Holding ASA
Funds Flow Statement
VPS Holding ASA
Notes to the Accounts
VPS Holding ASA
Auditor's Report VPS Holding
Group & VPS Holding ASA
Supervisory Committee's Report
Registrations at 31 December
Shareholder Information
Corporate Governance
Governing Bodies


PROFIT AND LOSS ACCOUNT
01.01-31.12.2005GROUP


NOTE
2005
2004
OPERATING INCOME
Production income (Note 1)
337 922 016
269 887 407
Other income (Note 1)
29 500
657 272
Total operating income
337 951 516
270 544 679
OPERATING EXPENSES
Capitalisation of systems development (Note 6)
(10 186 382)
(14 399 353)
Salaries and other dutiable expenses (Note 2 og 3)
96 321 332
100 662 659
Depreciation (Note 5 og 6)
24 483 454
20 615 681
Security and production costs
29 520 458
29 427 655
Other administrative and operating
expenses
(Note 4, 8 og 9)
48 410 965
45 382 275
Total operating expenses
188 549 828
181 688 917
Operating profit
149 401 688
88 855 762
FINANCIAL EXPENSES AND INCOMES
Income from investment in jointly
controlled activities
(Note 16)
(1 159 936)
9 776
Interest income
2 814 681
1 958 004
Other financial items
(320 789)
(201 252)
Total financial items
1 333 956
1 766 528
Profit before tax
150 735 644
90 622 290
Tax charge (Note 15)
43 146 821
26 667 176
Profit after tax
107 588 823
63 955 114





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