Annual Report 2005 (6 MB) - Lundin Petroleum

BALANCE SHEET
CONSOLIDATED AND PARENT COMPANY BALANCE SHEETS AT 31 DECEMBER
TSEK
Note
Group
2005
> 46 <
Group
2004
Parent
Company
2005
Parent
Company
2004
ASSETS
Tangible fi xed assets
Oil and gas properties 9 5,732,871 4,296,024 – –
Other tangible fi xed assets 10 94,136 38,001 – –
Total tangible fi xed assets 5,827,007 4,334,025 – –
Financial fi xed assets
Shares in subsidiaries 11 – – 184,491 184,491
Shares in associated companies 12 – – – –
Other shares and participations 13 151,928 21,153 – –
Long term receivables 14 – – 690,746 615,545
Restricted cash 15 23,827 35,722 – –
Deferred fi nancing fees 16 18,905 21,797 – –
Deferred tax asset 17 297,788 396,347 – –
Derivative instruments 18 1,825 – – –
Other fi nancial fi xed assets 19 8,201 6,022 – –
Total fi nancial fi xed assets 502,474 481,041 875,237 800,036
Current assets
Inventories 20 99,943 88,568 – –
Trade receivables 523,315 366,105 – 2
Prepaid expenses and accrued income 21 27,276 11,790 37 158
Derivative instruments 18 13,430 – – –
Current receivables 22 379,513 302,407 11,099 3,294
Cash and bank 389,415 268,377 10,856 10,289
Total current assets 1,432,892 1,037,247 21,992 13,743
TOTAL ASSETS 7,762,373 5,852,313 897,229 813,779
EQUITY AND LIABILITIES
Equity
Share capital * 2,571 2,537 2,571 2,537
Additional paid in capital 1,121,029 1,055,213 – –
Statutory reserve * – – 861,306 824,163
Other reserves 212,376 -126,389 – –
Retained earnings 1,350,133 837,676 23,118 10,712
Net Profi t 993,507 598,245 6,265 -28,673
Shareholders equity 3,679,616 2,367,282 893,260 808,739
Minority interest 3,050 2,931 – –
Total equity 3,682,666 2,370,213 893,260 808,739
Non-current liabilities
Site restoration 23 329,173 296,024 – –
Pension 24 13,810 14,518 – –
Deferred tax 8 1,735,058 1,166,132 – –
Other provisions 25 9,209 19,628 – –
Derivative instruments 18 – 1,390 – –
Bank loans 26 736,151 1,343,021 – –
Total non-current liabilities 2,823,401 2,840,713 – –
Current liabilities
Trade payables 135,394 72,701 988 643
Liabilities to Group companies – – – 93
Current tax liability 8 117,691 35,350 – –
Derivative instruments 18 193,777 10,563 – –
Accrued expenses and prepaid income 29 298,124 215,329 2,543 3,733
Other current liabilities 30 511,320 307,444 438 571
Total current liabilities 1,256,306 641,387 3,969 5,040
TOTAL EQUITY AND LIABILITIES 7,762,373 5,852,313 897,229 813,779
Pledged assets 31 1,128,763 1,124,388 1,128,763 1,124,388
Contingent liabilities 32 – – – –
* Share capital and statutory reserve are part of the Parent Company’s Restricted Equity. The remaining equity items of the Parent Company are unrestricted equity.