2010 tradereceivables 9683 5662 1694 354 178 344 507

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Unformatted text preview: ns 2011 2010 Trade receivables Provision for bad debt Total trade receivables 9 541 (977) 8 563 9 683 (1 093) 8 591 Other current receivables interest-bearing receivables Accrued revenues Receivables on associated companies and joint ventures Receivables on employees Other non-interest-bearing receivables Provision for bad debt Total other current receivables 329 2 994 426 13 1 420 (7) 5 175 321 2 888 570 16 1 312 (4) 5 103 Prepaid expenses 1) deferred costs related to connection revenues Prepaid leases that are amortised 2) Prepaid expenses 3) Total prepaid expenses 321 178 3 317 3 816 394 236 2 126 2 757 Total trade and other receivables 17 554 16 451 Prepaid expenses do not meet the definition of a financial instrument, and are presented as non financial (NF) in note 31. 2) For prepaid leases that are amortised, see note 12. 3) The increase in prepaid expenses from 2010 to 2011 is mainly related to prepaid capital expenditure in Grameenphone, concerning the first instalment to bangladesh Telecommunication Regulatory Commission (bTRC) for renewal of the 2G license, see note 19 and 35. 1) specification of provision for bad debt: NOK in millions 2011 2010 Provision as of 1 January (1 097) (1 146) Change during the year 61 (28) Currency effects 42 20 Other changes 1) 9 57 Provision as of 31 December 2) (985) (1 097) Realised losses for the year (529) (558) Recovered amounts previously provided 106 87 1) Other changes includes effects from acquisitions and disposals of businesses. 2) Provision of NOK 156 million as of 31 december 2011 (NOK 201 million as of 31 december 2010) relates to Telenor Hungary. due to local Hungarian regulations, Telenor Hungary is not able to write off receivables without tax disadvantages unless certain conditions are not met. specification of the age distribution of trade receivables is as follows 1): Not past Carrying due on the less than between 30 between 61 between 181 more than amount reporting date 30 days and 60 days and 90 days and 180 days and 365 days 365 days NOK in millions Past due on the reporting date in the following periods: between 91 As of 31 December 2011 Trade receivables 9 541 6 100 1 516 323 176 356 364 705 Provision for bad debt (977) (33) (10) (19) (38) (115) (194) (568) Total trade receivables 8 563 6 068 1 505 304 137 241 170 138 As of 31 December 2010 Trade receivables 9 683 5 662 1 694 354 178 344 507 944 Provision for bad debt (1 093) (13) (27) (48) (40) (127) (227) (611) Total trade receivables 8 591 5 650 1 667 306 138 217 280 333 1) Trade receivables are a part of the class trade receivables and other current and non current financial assets in note 31. Age distribution is not disclosed for other receivables of this class due to immaterial amounts. For the trade and other current receivables that are not impaired or past due there are no indicators at the date of the reporting that the debtors will not be able to meet their payment obligations. For information about the grouping of the financial instruments into appropriate classes see note 31. /page 53/ telenor annual report 2011 notes to the financial statements / telenor group / 23 / Other non-current and financial current assets NOK in millions 2011 2010 Financial non-current assets 1) Available-for-sale investments Financial derivatives – non-interest-bearing (note 31) Fair value hedge instruments – interest-bearing (note 31) Other financial non-interest-bearing non-current assets 2) 3) Other financial interest-bearing non-current assets 3) Total financial non-current assets 87 1 149 511 556 116 2 419 191 883 910 511 149 2 644 Prepaid expenses Total other non-current assets 822 3 241 404 3 048 Other financial current assets 1) Assets held for trading 64 71 bonds and commercial papers > 3 months 2 292 659 Financial derivatives – non-interest-bearing (note 31) 282 216 Total other financial current assets 2 638 946 1) For further information about the fair values, methods for valuation and grouping into classes of financial instruments, see note 31. 2) Other financial non interest bearing assets include capital contribution to Telenor Pension Fund of NOK 298 million (unchanged since 2010). 3) Negative value on the associated company RiksTV As in 2011 of NOK 241 million has partly been recognised as a NOK 149 million reduction in receivables which relates to a loan considered as a part of the Group’s investment in RiksTV As, while the remaining NOK 92 million is recognised as a provision, see also note 21 and 26. For 2010 the corresponding numbers, also related to RiksTV As, were NOK 247 million, NOK 143 million and NOK 104 million, respectively. / 24 / Additional cash flow information Acquisitions and disposals of subsidiaries and associated companies The table below shows the effects on the consolidated statement of financial position from acquisitions and disposals of subsidiaries and associated companies. Please refer to note 21 for information on associated companies. NOK in millions Acquisitions of subsidiaries and associa...
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