Hydro Annual Report 2011b

F64
FINANCIAL STATEMENTS
Financial statements Norsk Hydro ASA
Financial statements Norsk Hydro ASA
Income statements
Amounts in NOK million Notes 2011 2010
Revenue 311 310
Gain (loss) on sale of subsidiaries and associates, net (8) ­
Total revenue and income 303 310
Employee benefit expense 2, 3 341 473
Depreciation and amortization expense 4, 5 25 19
Impairment of non­current assets 5 21 ­
Other 280 232
Total operating expenses 668 724
Operating loss (365) (414)
Financial income, net 6 3 750 2 794
Income (loss) before tax 3 386 2 380
Income taxes 7 (773) (668)
Net income 2 613 1 712
Appropriation of net income and equity transfers
Dividend proposed (1 527) (1 527)
Retained earnings (1 086) (186)
Total appropriation (2 613) (1 712)
The accompanying notes are an integral part of the financial statements.