And development and the groups internal bank group

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Unformatted text preview: nt assets 2011 7 8 8 9 16 12 10, 12 NOK in millions 76 271 1 569 6 115 186 2 905 6 072 93 118 78 444 2 434 5 403 142 3 478 89 901 10, 12 12 Total assets EquiTy ANd liAbiliTiEs Equity Non-current interest-bearing external liabilities Non-current non-interest-bearing liabilities within the Group Non-current non-interest-bearing external liabilities Pension obligations Other provisions Total non-current liabilities Current interest-bearing liabilities within the Group Current interest-bearing external liabilities Drawings on Group’s cash pool Current non-interest-bearing liabilities within the Group Current non-interest-bearing external liabilities Provisions for guarantees Total current liabilities 143 586 Total equity and liabilities 146 322 Fornebu, 21 March 2012 Harald Norvik Chairman liselott Kilaas Deputy Chairman sally davis Board member dag J. Opedal Board member Hallvard bakke Board member Frank dangeard Board member dr. burckhard bergmann Board member barbara Milian Thoralfsson Board member Harald stavn Board member brit Østby Fredriksen Board member bjørn André Anderssen Board member Jon Fredrik baksaas President & CEO /page 89/ telenor annual report 2011 financial statements / Telenor ASA Statement of Cash Flows Telenor ASA 1 January–31 December 2011 2010 Profit before taxes Income taxes paid Net (gains) losses, impairment and change in fair value of financial assets and liabilities Depreciation, amortisation and impairment losses Net currency (gains) losses not relating to operating activities Net changes in interest accruals against Group companies Provisions for guarantees Net changes in other accruals Net cash flow from operating activities 6 559 (2 345) (117) 112 (826) (2 236) 6 072 295 7 514 6 212 (2 493) 258 93 (1 121) (2 603) 649 995 Proceeds from sale of property, plant and equipment and intangible assets Purchases of property, plant and equipment and intangible assets Proceeds from sale of other investments Purchases of other investments Net cash flow from investing activities 19 (17) 3 (1 691) (1 686) (101) 32 (5) (74) Proceeds from borrowings Repayments of borrowings Net change in Group‘s cash pool Purchase of treasury shares Dividends paid to equity holders of Telenor ASA Net cash flow from financing activities 368 (2 464) 5 165 (4 535) (6 206) (7 672) 10 254 (13 042) 5 894 (2 156) (4 141) (3 191) Effect on cash and cash equivalents of changes in foreign exchange rates Net change in cash and cash equivalents (14) (1 858) (130) (2 400) (1 372) (3 230) 1 028 (1 372) NOK in millions Cash and cash equivalents as of 1 January Cash and cash equivalents as of 31 december Note 12 12 /page 90/ telenor annual report 2011 financial statements / Telenor ASA Statement of Changes in Shareholders’ equity Telenor ASA – for the years ended 31 December 2010 and 2011 Number Equity as of 1 January 2010 Net income for the period Other comprehensive income for the period Total comprehensive income Dividend Share based payment Share buy back Sale of shares, share issue and exercise of share options Equity as of 31 december 2010 Net income for the period Other comprehensive income for the period Total comprehensive income Dividend Share based payment Share buy back Cancellation of shares Sale of shares, share issue and exercise of share options Equity as of 31 december 2011 Share Treasury Other paid Other Retained Total of shares NOK in millions (except for number of shares) capital shares in capital reserves earnings equity 9 947 - 9 947 - (298) 9 649 (11) - (149) 3 (157) - (294) 298 9 (144) 11 793 417 417 21 (2 178) 17 10 070 (26) (26) 15 (4 241) 23 5 841 14 757 3 673 3 673 (4 141) 14 289 6 168 6 168 (6 206) 14 251 1 657 888 846 - 1 657 888 846 - (49 695 233) 1 608 193 613 Other comprehensive income in other reserves, see note 11. 69 - 69 - 69 36 555 3 673 417 4 090 (4 141) 21 (2 327) 20 34 218 6 168 (26) 6 142 (6 206) 15 (4 535) 32 29 666 /PAGE 91/ TELENOR ANNuAL REPORT 2011 notes to the financial statements / Telenor ASA notes to the Financial Statements Telenor ASA / 00 / Contents notes 01 General information and summary of significant accounting principles 02 Salaries and personnel costs 03 Pension obligations 04 Other operating expenses 05 Research and development costs 06 Financial income and expenses 07 Income taxes 08 Goodwill and intangilbe assets 09 10 11 12 13 14 15 16 Property, plant and equipment Other financial assets Equity and dividends Financial instruments and risk management Current non-interest-bearing liabilities Guarantees Contractual obligations Shares in subsidiaries / 01 / General information and summary of significant accounting principles Telenor ASA is a holding company and contains the Group Management, Corporate Functions, Research and Development and the Group’s internal bank (Group Treasury). The financial statements have been prepared in accordance with simplified IFRS pursuant to the Norwegian Accounting Act § 3-9 and regulations regarding simplified application of IFRS issue...
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