Odfjell SE Annual Report 2012
Odfjell SE Annual Report 2012
Odfjell SE Annual Report 2012
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odfjell se<br />
Note 11 Financial income and expenses<br />
(USD 1 000) <strong>2012</strong> 2011<br />
Income on investment in subsidiaries 247 814 8 490<br />
Inter-company interest income 16 283 14 332<br />
Other interest income 2 333 2 201<br />
Other financial income 6 253 11 160<br />
Total financial income 272 683 36 183<br />
Inter-company interest expenses 9 171 3 174<br />
Other interest expenses 33 541 26 983<br />
Other financial expenses 15 385 5 234<br />
Financial assets and liabilities at fair value through net result 6 265 9 217<br />
Changes in the value of financial fixed assets – 19 146<br />
Total financial expenses 64 362 63 754<br />
Note 12 Currency gains (losses)<br />
(USD 1 000) <strong>2012</strong> 2011<br />
Currency hedging contracts 3 372 612<br />
Non-current receivables and debt 8 639 7 167<br />
Cash and cash equivalents 1 332 595<br />
Other current assets and current liabilities (10 897) 2 119<br />
Total currency gains (losses) 2 445 10 493<br />
Note 13 Loans to Group Companies<br />
(USD 1 000)<br />
Currency<br />
Currency<br />
amount 1 000<br />
<strong>2012</strong> <strong>2012</strong> 2011<br />
<strong>Odfjell</strong> Asia II Pte Ltd USD 271 134 271 134 271 134<br />
<strong>Odfjell</strong> Asia II Pte Ltd USD 74 140 74 140 91 000<br />
<strong>Odfjell</strong> Terminals <strong>SE</strong> USD 63 140 63 140 50 300<br />
<strong>Odfjell</strong> Terminals EMEA BV EUR – – 3 880<br />
<strong>Odfjell</strong> Gas AS USD 62 300 62 300 –<br />
<strong>Odfjell</strong> Terminal (Jiangyin) Co Ltd USD 2 630 2 630 2 630<br />
Norfra Shipping AS NOK 163 494 29 241 27 219<br />
Norfra Shipping AS USD 103 673 103 673 119 963<br />
Total loans to Group companies 606 259 566 127<br />
Note 14 Non – current receivables<br />
Non-current receivables<br />
(USD 1 000) <strong>2012</strong> 2011<br />
Loans to third parties 16 882 18 324<br />
Loans to Group companies 606 259 566 127<br />
Total non-current receivables 623 141 584 451<br />
Maturity receivables as per 31 December <strong>2012</strong>:<br />
(USD 1 000) 2013 2014 2015 2016 2017 2018+ Total<br />
Loans to third parties 16 441 441 – – – – 16 882<br />
Loans to Group companies – – – – – 606 259 606 259<br />
Total non-current receivables 16 441 441 – – – 606 259 623 141<br />
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odfjell annual report <strong>2012</strong>
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