Note 1 - Beerenberg

Internal Segment reporting
Geographic
The turnover is also measured according to wheter it is earned in Norway/on the Norwegian Continental Shelf (NCS) or
internationally (ICS)
NCS ICS Consolidated
2012 2011 2012 2011 2012 2011
Total revenue 1 371 314 1 378 301 64 980 39 300 1 436 294 1 417 601
Reconciliation of profit/loss after financial items to profit/loss before tax: 2012 2011
EBITDA for reportable segments 172 707 127 924
Depreciation 42 402 35 049
Net finance costs -4 231 -4 724
Profit/loss before tax 126 074 88 150
Revenue from customers who make up more than 10% of total turnover:
Revenues from one customer amounted to 710,000 (2011: 700,000)
Revenues from one other customer amounts to 490,000 (2011: 362,000)
Note 6
Operating revenues
(Amounts in NOK 1,000)
The Group’s revenues are classified according to IAS 18 as
sales of goods and services, including rental of equipment
related to maintenance contracts. In accordance with IAS
18.21 the percentage of completion method is applied and
revenue is recognized in the periods in which services are
provided. IAS 18.21 also refers to IAS 11. IAS 11 requires
that revenue are recognized on this basis, and the requirements
of IAS 11 are applied to the recognition of
revenue and the associated costs of transactions involving
services.
2012 2011
Revenues from services 1 157 209 1 145 735
Revenues from sale of goods 139 769 144 620
Revenues from hiring of equipment 139 317 127 246
Total operating revenue 1 436 294 1 417 601
Beerenberg CORP. AS Group group accounts 2012
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