These subsidiaries will mainly be holding companies

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Unformatted text preview: of interest-bearing liabilities Telenor Group 82 386 76 271 - - - - - - - - - - - - - - - - - - - - - - - - - - - 6 115 6 115 Non-interest bearing liabilities Trade and other payables external 12 12 Trade and other payables within the Group 54 54 Other current non-interest-bearing liabilities 3 025 3 025 derivatives financial instruments non-current liabilities 481 - Other non-current non-interest-bearing liabilities - - Sum of non-interest-bearing liabilities 3 572 3 091 Total 105 722 80 931 Future interest payments 4 972 896 - - - 178 - 178 878 806 - - - 185 - 185 4 073 770 - - - - - 12 600 - - - - - 13 600 - - - 118 - 118 7 883 600 - - - - - 233 - - - - - 233 - - - - - 5 816 233 - - - - - - 186 186 6 301 - 1 684 4 843 613 614 8 483 233 233 6 049 - 6 301 Not Total including future interest payments 110 694 81 827 Not 2021 specified 2010 Total as of NOK in millions 31.12.10 2011 2012 2013 2014 2015 2016 2017 2018 2019 Interest-bearing liabilities bonds and Commercial Paper Other interest-bearing liabilities Sum of interest-bearing liabilities external 22 256 81 22 337 2 421 13 2 434 1 567 10 1 577 689 10 700 3 906 12 3 918 - 12 12 - 13 13 7 812 11 7 823 - - - - - - 5 859 - 5 859 - Other interest-bearing liabilities within the Group 78 444 78 444 drawing on Group cash pools 5 403 - Sum of interest-bearing liabilities within the Group 83 847 78 444 - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 403 5 403 Non-interest bearing liabilities Trade and other payables external 10 10 Trade and other payables within the Group 67 67 Other current non-interest-bearing liabilities 3 543 3 543 derivatives financial instruments non-current liabilities 559 - Other non-current non-interest-bearing liabilities 239 - Sum of non-interest-bearing liabilities 4 418 3 620 Total 110 602 84 498 Future interest payments 5 284 734 - - - 172 - 172 1 750 688 - - - 179 - 179 879 679 - - - 166 - 166 4 084 663 - - - - - 12 622 - - - - - 13 616 - - - 42 - 42 7 865 526 - - - - - 293 - - - - - 305 - - - - - 5 858 158 239 239 5 642 - Total including future interest payments 2 438 1 558 4 747 634 629 8 391 293 305 6 017 5 642 115 886 85 232 For specification regarding external interest-bearing liabilities in Telenor ASA, see Note 29 in the consolidated financial statements. 2020 specified /page 102/ telenor annual report 2011 notes to the financial statements / Telenor ASA Cash and cash equivalents included in the statement of cash flows with following amounts: NOK in millions 2011 liquid assets and short-term placements as of 31 december drawings from group accounts as of 31 december Cash and cash equivalents as of 31 December 2010 2 885 (6 115) (3 230) 4 031 (5 403) (1 372) / 13 / Current non-interest-bearing liabilities NOK in millions 2011 2010 Trade payables to Group companies Financial derivatives Other current liabilities Group companies Current non-interest-bearing liabilities within the Group 54 73 59 186 67 37 38 142 12 111 1 466 649 8 3 605 51 2 905 10 109 2 346 712 12 1 235 53 3 478 Trade payables external Government taxes, tax deductions, holiday pay etc. Taxes payable Accrued expenses Accruals for workforce reductions and allowance for losses on contracts Prepaid revenues Financial derivatives Other current liabilities Current non-interest-bearing external liabilities / 14 / Guarantees NOK in millions 2011 2010 11 286 Guarantee liabilities 7 898 The table above does not include purchased bank guarantees where the corresponding liabilities are recognised in the company’s statement of financial position. The guarantee liabilities mainly consist of guarantees issued by the parent company Telenor ASA on behalf of subsidiaries, with NOK 11.3 billion as of 31 December 2011 (NOK 7.9 billion as of 31 December 2010). As of 31 December 2011, uninor had current interest-bearing debt of NOK 8.1 billion (NOK 5.2 million as of 31 December 2010) with financial guarantees from Telenor ASA. These guarantees are included in the table above. As of 31 December 2011 Telenor ASA has recognised a provision for loss on these guarantees with NOK 6.1 billion. The lending banks have not presented any claims to Telenor ASA regarding these guarantees. If the lending banks were to call on the guarantees, the maximum exposure for Telenor ASA is limited to NOK 6.1 billion as of 21 March 2012. For more information regarding the situation in India please see note 35 and 38 in the consolidated financial statements. / 15 / Contractual obligations As of 31 December 2011, Telenor ASA had committed purchase obligations. These obligations were primarily agreements that Telenor ASA had entered into on behalf of other Group companies. The table below only includes purchase agreements where Telenor ASA has a minimum purchase obligation. 2011 NOK in millions 2012 2013 2014 2015 2016 After 2016 17 7 2 1 - - NOK in millions 2011 2012 2013 2014 2015 After 2015 Committed purchase obligations 150 17 2 1 - - Committed purchase obligations 2010 /PAGE 103/ TELENOR ANNuAL REPORT 2011 notes to the financial statements / Telenor ASA / 16 / Shares in subsidiaries The table below sets forth Telenor ASA’s ownership interest in its subsidiaries. These subsidiaries will mainly be holding companies and their directly owned subsidiaries. Several of the subsidiaries named in the second part own shares in other subsidiaries as described in their respective annual reports. Ownership interests correspond to voting interest if not otherwise stated. shares in sub...
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