Hydro Annual Report 2011b

F26
FINANCIAL STATEMENTS
Note 7 - Operating and geographic segment information
Investments accounted for
using the equity method
2) 6)
Segment debt 7)
Amounts in NOK million 2011 2010 2011 2010 2011 2010
Bauxite & Alumina ­ 5 757 2 669 1 134 36 865 65
Primary Metal 9 997 9 786 3 167 4 230 9 505 4 900
Metal Markets 22 21 5 242 5 698 103 148
Rolled Products 1 152 1 242 2 869 2 904 435 296
Extruded Products 40 33 3 401 3 761 515 434
Energy 50 385 990 1 038 564 284
Other and eliminations 181 1 425 (3 932) (5 795) 39 105
Total 11 442 18 649 14 406 12 971 48 025 6 231
Total assets Non­current assets
Investments 8)
Investments 8)
Amounts in NOK million 2011 2010 2011 2010 2011 2010
Norway 33 466 39 336 16 749 18 127 1 177 1 164
Germany 11 967 11 677 5 048 5 124 393 265
Italy 1 610 1 743 407 520 44 35
Slovakia 1 842 1 938 1 127 1 179 54 51
Spain 1 260 1 608 567 915 31 40
France 1 597 1 551 655 660 87 112
Denmark 632 628 237 260 29 22
Great Britain 648 561 264 237 24 11
Austria 427 420 194 172 32 29
Other 1 857 1 860 1 240 1 181 128 31
Total EU 21 840 21 986 9 739 10 248 822 596
Other Europe 1 302 150 366 8 4 5
Total Europe 56 608 61 472 26 853 28 383 2 003 1 765
USA 2 422 2 450 1 230 1 293 93 77
Canada 1 926 1 952 1 670 1 706 89 166
Brazil 58 008 8 903 53 118 8 551 45 050 72
Other Americas 232 155 117 57 18 11
Qatar 8 852 8 614 8 852 8 614 306 3 529
Other Asia 1 516 1 474 471 448 45 160
Australia and New Zealand 2 984 3 764 2 057 2 918 424 453
Africa 6 6 ­ 1 ­ ­
Total outside Europe 75 946 27 316 67 515 23 588 46 024 4 467
Total 132 554 88 788 94 368 51 971 48 025 6 231
1) Other and eliminations include elimination of unrealized gains and losses on power contracts between Energy and other units in Hydro with a gain of NOK
370 million in 2011 and a loss of NOK 637 million in 2010.
2) Share of the profit (loss) in equity accounted investments includes impairment write-downs in the solar activities of NOK 157 million in 2011 and NOK 66
million in 2010.
3) Impairment write-downs for Property, Plant and Equipment by segment are presented in note 13 Impairment of non-current assets.
4) Total segment Earnings before financial items and tax is the same as Hydro group's total Earnings before financial items and tax. Financial income and
financial expense are not allocated to the segments. There are no reconciling items between segment Earnings before financial items and tax to Hydro
Earnings before financial items and tax. Therefore, a separate reconciliation table is not presented.
5) Current assets and total assets exclude internal cash accounts and accounts receivables related to group relief.
6) Investments accounted for using the equity method comprises investments and advances, see note 25 Investments in associates and note 26 Investments
in jointly controlled entities.
7) Segment debt is defined as short-term interest free liabilities excluding income tax payable.
8) Additions to property, plant and equipment plus long-term securities, intangible assets, long-term advances and investments in equity accounted
investments. Investments 2011 include investments related to the acquisition of Vale Aluminium with NOK 35,321 million for Bauxite & Alumina and NOK
8,055 million for Primary Metal.