Hydro Annual Report 2011b

Amounts in NOK million (unaudited) 2011 2010
Income statement data 1)
Revenues 4 882 12 525
Earnings before financial items and tax (428) 955
Income before tax (513) 1 048
Net income (688) 504
Balance sheet data
Current assets 1 257 4 748
Non­current assets 3 623 25 014
Assets 4 880 29 762
Current liabilites 973 3 337
Non­current liabilities 1 513 5 986
Equity 2 394 20 439
Liabilites and equity 4 880 29 762
1) Income statement data for Alumina do Norte do Brasil S.A. and SKS Produksjon AS is included for the period until derecognition.
Note 26 - Investments in jointly controlled entities
FINANCIAL STATEMENTS
Note 25 - Investments in associates F41
Amounts in NOK million Alunorf Søral Qatalum Alpart Other Total
December 31, 2009 1 410 584 5 879 (65) 156 7 964
Investments (sale), net 4 060 7 (5) 4 062
Change in long­term advances, net (14) (531) (545)
Hydro's share of net income (loss) (12) 63 (628) (2) (28) (606)
Amortization (56) 1 (55)
Impairment losses (7) (8) (15)
Dividends and other payments received by Hydro (6) (9) (15)
Foreign currency translation and other (80) (206) (1) (2) (289)
December 31, 2010 1 241 647 8 574 (68) 106 10 501
Investments (sale), net 599 77 (1) 675
Change in long­term advances, net (13) (293) (306)
Hydro's share of net income (loss) (6) (16) 30 (2) 5 11
Amortization (54) (54)
Impairment losses (10) 1 (9)
Dividends and other payments received by Hydro (8) (9) (17)
Foreign currency translation and other (8) (98) 3 (103)
December 31, 2011 1 152 631 8 812 ­ 102 10 697
Change in elimination of internal profit in inventory on goods sold from jointly controlled entities to Hydro amounted to a
loss of NOK 15 million in 2011 and a gain of NOK 5 million in 2010. Negative value of investments in jointly controlled
entities of NOK 13 million as of December 31, 2011 is included in Other liabilities.