Annual Report 2010 - SBM Offshore

The Company has US$ 10.0 million available tax losses
that are not valued in a deferred tax asset
(2009: US$ nil).
Deferred tax assets per locations are as follows:
2010 2009 2010 2009 2010 2009
in thousands of US$ Assets Liabilities Net
Netherlands 10,740 8,576 (978) (1,048) 9,762 7,528
USA 4,890 4,511 - - 4,890 4,511
Other 87 - - - 87 -
Book value at 31 December 15,717 13,087 (978) (1,048) 14,739 12,039
14. Inventories
in thousands of US$ 2010 2009
Materials and consumables 18,187 18,274
Goods for resale 11,093 7,489
Total 29,280 25,763
There is no material difference between fair value and
cost as stated above.
In 2010 there was no write-down of inventories to
net realisable value included in the income statement
(2009: nil). There was no reversal of previous inventory
write-offs (2009: nil).
15. Trade and other receivables
Financial Review / Financial Statements 2010
in thousands of US$ Note 2010 2009
Trade debtors 369,205 384,671
Taxes and social security 16,831 31,899
Other receivables 54,007 41,945
Accrued income in respect of delivered orders 103,612 59,467
Current portion of finance leases 12 76,427 68,872
Securities 4 1,710
Other prepayments and accrued income 103,474 92,998
Total 723,560 681,562
SBM Offshore – Annual Report 2010 151