Hydro Annual Report 2011b

F4
FINANCIAL STATEMENTS
Consolidated balance sheets
Consolidated balance sheets
Amounts in NOK million, December 31 Notes 2011 2010 2009
Assets
Cash and cash equivalents 8 365 10 929 2 573
Short­term investments 18 1 780 1 321 1 519
Accounts receivable 19 13 217 12 783 11 571
Inventories 20 14 157 10 971 10 030
Other current financial assets 40 666 814 2 109
Total current assets 7 38 185 36 817 27 802
Property, plant and equipment 22 64 192 24 849 25 647
Intangible assets 23, 24 7 930 1 920 1 881
Investments accounted for using the equity method 25, 26 11 442 18 649 15 721
Other non­current assets 21, 40 7 348 3 391 3 818
Prepaid pension 32 1 596 1 481 1 328
Deferred tax assets 33 1 860 1 681 1 402
Total non­current assets 7 94 368 51 971 49 797
Total assets 7 132 554 88 788 77 599
Liabilities and equity
Bank loans and other interest­bearing short­term debt 28 4 248 940 2 010
Trade and other payables 29 12 316 9 920 9 917
Provisions 31 1 369 1 758 1 094
Taxes payable 2 505 1 999 1 196
Other current financial liabilities 2, 40 779 1 292 826
Total current liabilities 21 216 15 910 15 042
Long­term debt 30 4 190 328 88
Provisions 31 3 331 2 104 2 007
Pension obligation 32 9 099 9 088 9 368
Other non­current financial liabilities 2, 40 2 943 1 895 2 144
Other liabilities 1 282 838 906
Deferred tax liabilities 2, 33 5 325 1 183 849
Total non­current liabilities 26 170 15 435 15 361
Total liabilities 47 386 31 346 30 403
Share capital 34 2 272 1 780 1 362
Additional paid­in capital 34 29 056 9 553 43
Treasury shares 34 (1 084) (1 112) (1 177)
Retained earnings 2 51 792 46 616 45 128
Other components of equity 34 (3 856) (418) 813
Equity attributable to Hydro shareholders 78 180 56 418 46 169
Minority interests 6 988 1 025 1 026
Total equity 85 168 57 443 47 195
Total liabilities and equity 132 554 88 788 77 599
The accompanying notes are an integral part of the consolidated financial statements.