Hydro Annual Report 2011b
Hydro Annual Report 2011b
Hydro Annual Report 2011b
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F2<br />
FINANCIAL STATEMENTS<br />
Consolidated financial statements<br />
Consolidated financial statements<br />
Consolidated income statements<br />
Amounts in NOK million (except per share amounts). Years ended December 31 Notes 2011 2010<br />
Revenue 7 91 444 75 754<br />
Share of the profit (loss) in equity accounted investments 7, 25, 26 (260) (606)<br />
Other income, net 7, 8 6 222 568<br />
Total revenue and income 97 406 75 717<br />
Raw material and energy expense 9 55 825 48 694<br />
Employee benefit expense 11 11 202 10 282<br />
Depreciation and amortization expense 12 4 928 2 952<br />
Impairment of noncurrent assets 13 1 231 32<br />
Other 14, 15 14 394 10 573<br />
Total expenses 87 579 72 533<br />
Earnings before financial items and tax 7 9 827 3 184<br />
Financial income 16 209 346<br />
Financial expense 16 (1 498) 176<br />
Financial income (expense), net (1 288) 522<br />
Income before tax 8 539 3 706<br />
Income taxes 17 (1 790) (1 588)<br />
Net income 6 749 2 118<br />
Net income attributable to minority interests 44 230<br />
Net income attributable to <strong>Hydro</strong> shareholders 6 705 1 888<br />
Basic and diluted earnings per share attributable to <strong>Hydro</strong> shareholders 34 3.41 1.33<br />
The accompanying notes are an integral part of the consolidated financial statements.
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