44 106 3 page 72 telenor annual report 2011 notes to

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Unformatted text preview: - - 64 - - - 282 - - - - - - - - 12 899 - - - - - - - - - - - - - - - - - - - - (21 157) - - - - - - - - - - - - - - (579) 16 404 (22 332) - - 449 - - 12 899 - - 1 131 (530) (23 157) (22 263) FlAC (23 157) (22 263) (22 263) FVTPl FlAC (1 659) (1 063) (596) (10 767) FlAC (10 767) (30 708) FlAC (21 157) NF 1) (9 551) FVTPl FlAC (1 251) (672) (579) (1 659) (1 063) (596) - - - - (10 733) (10 733) (10 733) (30 708) (21 157) - (9 551) - (1 251) (672) (579) - - (32 996) - (1 736) (1 736) Total – Fair value through profit and loss (FVTPL) Total – Financial liabilities at amortised cost (FLAC) (56 255) (55 327) 1) The abbreviation NF in the tables above is used to represent non financial assets and liabilities. - (596) - (479) - (672) - (393) (54) - (530) - /page 71/ telenor annual report 2011 notes to the financial statements / telenor group NOK in millions Financial position item Note Fair value level Other non-current assets 23 2 3 Trade and other receivables 22 Other financial current assets 23 2 Cash and cash equivalents 24 Total – Fair value through profit and loss (FVTPL) Total – Available for sale (AFS) Total – Loans and receivables (LAR) Non-current interestbearing financial liabilities Non-current non-interestbearing financial liabilities Current interest-bearing financial liabilities Trade and other payables Current non-interestbearing liabilities 29 28 2 29 28 28 2 Category FVTPl AFs lAR NF 2) lAR NF 2) FVTPl lAR lAR Carrying amount Fair value 3 048 1 793 489 362 404 16 451 13 694 2 757 946 286 660 13 606 13 606 2 079 489 28 322 3 048 1 793 489 362 404 16 451 13 694 2 757 945 286 660 13 606 13 606 2 079 489 28 322 Fair values of financial instruments 31 december 2010 per class Trade payables and other Trade non Currency interest receivables interest Cash swaps rate Equity, interest and other bearing and cash and swaps and other bearing financial financial Equity equi forward and deriv liabilities assets liabilities securities valents contracts options atives 1) - - - - - - 362 - - - - - - 489 - - - - - - 1 644 - - - 149 - - - - - - 13 694 - - - - - - - - - - - - - - - 660 - - 71 - - - 209 - 3 - 3 - - - - - 13 606 - - - - - - - - - - - - - - (2) - - - - - - - - (18 437) - - - - - - - - - - - - - - - - (572) (33 575) 14 716 (19 444) - - 560 - - 13 606 (25 701) (24 857) FlAC (25 701) (24 857) (24 857) FVTPl FlAC (1 125) (690) (435) (1 125) (690) (435) (8 751) (8 718) (8 751) (8 718) (27 848) (27 848) FlAC (18 437) (18 437) NF 2) (9 411) (9 411) FlAC FVTPl FlAC (879) (307) (572) (879) (307) (572) - - (8 718) - - - - - - (435) - (688) - (263) - 902 (997) (997) Total – Fair value through profit and loss (FVTPL) Total – Financial liabilities at amortised cost (FLAC) (53 896) (53 019) 1) Telenor AsA has provided a guarantee in relation to equity derivatives. The guarantee amounts to NOK 197 million as of 31 december 2010. 2) The abbreviation NF in the tables above is used to represent non financial assets and liabilities. (44) - 106 3 /page 72/ telenor annual report 2011 notes to the financial statements / telenor group / 32 / Pledges and guarantees NOK in millions 2011 2010 interest-bearing liabilities secured by assets pledged Finance lease liabilities secured by assets pledged Total liabilities secured by assets pledged - 854 854 1 897 898 Carrying amount of assets pledged as security for liabilities Carrying amount of assets pledged as security for finance lease liabilities Total assets pledged as security for liabilities 2 856 858 2 950 952 There has been no major change in liabilities secured by assets pledged as of 31 December 2011 compared to 31 December 2010. The Group’s finance lease liabilities secured by assets pledged and carrying amount of assets pledged as security for finance lease liabilities as of 31 December 2011 were mainly related to Telenor Sweden, Telenor Denmark, DiGi and Grameenphone. See notes 20 and 29. NOK in millions 2011 2010 9 964 Guarantee obligations 6 618 Purchased bank guarantees are not shown in the table. In 2011, guarantee obligations include guarantees amounting to NOK 1.1 billion (NOK 1.3 billion in 2010) that are secured by pledged assets with a carrying amount of NOK 6.1 billion (NOK 10.3 billion in 2010). As of 31 December 2011, uninor had NOK 8.1 billion (NOK 5.2 billion in 2010 with guarantees of NOK 4.5 billion) in current interest-bearing borrowings, all with financial guarantees from Telenor ASA. These obligations are included in the table above. On 2 February 2012, the Indian Supreme Court ruled that uninor’s licences will be cancelled on 2 June 2012. All of uninor’s loan agreements contain material adverse effect clauses. At the time of issuing this annual report, none of the lending banks have required repayment of the loans. The level of interestbearing liabilities in uninor is expected to increase while the Group seeks a potential solution for continued operations in India after 2 June 2012. The Board of Telenor ASA has approved an increase in guarantees...
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