Hydro Annual Report 2011b
Hydro Annual Report 2011b
Hydro Annual Report 2011b
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Note 16 - Financial income and expense<br />
FINANCIAL STATEMENTS<br />
Note 16 - Financial income and expense F35<br />
Amounts in NOK million 2011 2010<br />
Interest income 263 201<br />
Net gain (loss) on securities (60) 121<br />
Dividends received 7 23<br />
Financial income 209 346<br />
Interest expense (367) (253)<br />
Capitalized interest 1 5<br />
Net foreign exchange gain (loss) (971) 513<br />
Accretion expense (176) (35)<br />
Other 15 (54)<br />
Financial expense (1 498) 176<br />
Financial income (expense), net (1 288) 522<br />
Note 17 - Income tax expense<br />
Amounts in NOK million 2011 2010<br />
Income (loss) before taxes<br />
Norway 4 107 1 803<br />
Other countries 4 432 1 902<br />
Total 8 539 3 706<br />
Current taxes<br />
Norway 1 256 1 198<br />
Other countries 637 455<br />
Current income tax expense 1 892 1 652<br />
Deferred taxes<br />
Norway 385 (264)<br />
Other countries (488) 199<br />
Deferred tax expense (benefit) (103) (64)<br />
Total income tax expense (benefit) 1 790 1 588<br />
Components of deferred taxes<br />
Origination and reversal of temporary differences (416) (78)<br />
Benefit tax loss carryforwards (187) (28)<br />
Net change in unrecognized deferred tax assets 632 2<br />
Tax expense (benefit) allocated to Other components of equity (132) 39<br />
Deferred tax expense (benefit) (103) (64)
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