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Five-Year Highlights

In thousand of $, except Ordinary Shares, per Ordinary Share data and ratios.


Fiscal Year Ended December 31, 2006 2005 2004 2003 2002
INCOME STATEMENT DATA
Total operating revenues 105,728 100,179 135,695 75,246 40,276
Total operating expenses 54,463 51,778 42,441 18,457 18,398
Net operating income 51,265 48,401 93,254 56,789 21,878
Net income 45,717 43,967 85,839 47,461 12,552
Earnings per common share
- basic and diluted 2.67 2.57 5.02 2.78 0.73
Cash dividend declared per share 3.60 4.55 4.55 2.74 1.81
Cash dividends paid 61,560 77,805 77,805 46,854 30,951
BALANCE SHEET DATA (at end of year)
Cash and cash equivalents 8,538 12,634 31,653 6,312 228
Restricted cash 10,000 10,000 10,000 - -
Vessels and equipment, net 267,949 285,070 301,500 - -
Vessels under capital lease, net - - - 319,408 337,001
Total assets 301,499 323,159 365,554 348,443 347,825
Short-term debt and current portion of long-term debt 11,211 11,200 11,309 8,400 -
Long-term debt 98,000 109,200 120,400 116,997 125,397
Stockholders' equity 179,190 195,033 228,871 215,527 208,639
Share capital 171 171 171 171 171
Common shares outstanding 17,100,000 17,100,000 17,100,000 17,100,000 17,100,000
CASH FLOW DATA
Cash provided by operating activities 68,653 70,128 106,588 52,940 30,899
Cash used in investing activities - - (9,310) - -
Cash used in financing activities (72,729) (89,147) (71,937) (46,854) (30,951)
OTHER FINANCIAL DATA
Equity to assets ratio (1) 59.4% 60.4% 62.6% 61.9% 60.0%
Debt to equity ratio (2) 0.6 0.6 0.6 0.6 0.6
Price earnings ratio (3) 8.9 9.4 6.7 4.5 20.5

Notes:
1. Equity to assets ratio is calculated as total stockholders' equity divided by total assets.
2. Debt to equity ratio is calculated as total interest bearing current and long-term liabilities, including obligations under capital leases, divided by stockholders' equity.
3. Price earnings ratio is calculated using the year end share price divided by basic earnings per Share.

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