Annual report 2010 - Aker Solutions

18 Aker Solutions annual report 2010Annual accounts – groupFinancial statements and notes• Aker Solutions group • Aker Solutions ASAConsolidated income statement 19Consolidated statement of comprehensive income 20Consolidated balance sheet as of 31 December 21Consolidated statement of changes in equity 22Consolidated statement of cash flow 23Notes to the financial statements 24Note 1 Corporate information 24Note 2 Basis for preparation 24Note 3 Accounting principles 24Note 4 Accounting estimates and judgements 28Note 5 Financial risk management and exposures 29Note 6 Business combinations andacquisition of non-controlling interests 33Note 7 Disposal groups and discontinued operations 33Note 8 Related parties 35Note 9 Operating segments 36Note 10 Salaries, wages and social security costs 39Note 11 Operating leases 42Note 12 Other operating expenses 43Note 13 Finance income and expenses 43Note 14 Tax 44Note 15 Net capital employed 46Note 16 Trade and other receivables 46Note 17 Inventories 46Note 18 Construction contracts 47Note 19 Trade and other payables 47Note 20 Provisions 47Note 21 Derivative financial instruments 48Note 22 Property, plant and equipment 50Note 23 Intangible assets 51Note 24 Interest-bearing receivables 52Note 25 Investments in associated companies andjointly controlled entities 52Note 26 Jointly controlled operations 54Note 27 Investments in other companies 54Note 28 Borrowings 55Note 29 Other non-current liabilities 58Note 30 Employee benefits - pension 58Note 31 Capital and reserves 61Note 32 Earnings per share 61Note 33 Financial instruments 62Note 34 Contingent events 63Note 35 Number of employees (unaudited) 64Note 36 Group companies as of 31 December 2010 64Note 37: Subsequent events 66Income statement 67Balance sheet 67Statement of cash flow 68Notes to the financial statements 68Note 1 Accounting principles 68Note 2 Operating expenses 69Note 3 Net financial items 69Note 4 Tax 69Note 5 Investments in group companies 70Note 6 Shareholders’ equity 70Note 7 Receivables and borrowings from group companies 71Note 8 Other non-current interest-bearing receivables 71Note 9 Other current receivables and current liabilities 71Note 10 Borrowings 72Note 11 Guarantees 74Note 12 Financial risk management and financial instruments 74Note 13 Related parties 74Note 14 Shareholders 74• Auditor’s reportAuditor’s report 75