CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

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Capitalized interest cost............................................................................................................ 501 249Provisions ................................................................................................................................. (4) (23)Capital gain from the sale or disposal of non-current assets..................................................... 6 4Other ......................................................................................................................................... 26 (11)789 (725)NOTE 35. FINANCIAL INSTRUMENTSFinancial instrument by categoryLoan andtradeand otherreceivablesAssets valuedat fair valuevia proft (loss)for the yearDecember 31, 2010Held fortradingCarryingamountFair ValueAssets in balance sheetFinancial assets held for trading ...................... - - 23 23 23Derivatives....................................................... - 21 - 21 21Lending to affiliates......................................... 3,340 - - 3,340 3,340Trade and other receivables ............................. 5,440 - - 5,440 5,440Cash and cash equivalents ............................... 603 - - 603 603Total................................................................. 9,383 21 23 9,427 9,427Liabilities valuedat fair value viaprofit (loss) for theyearOtherfinancialliabilitiesCarryingamountFair ValueLiabilities in balance sheetBorrowing......................................................... - 14,354 14,354 14,127Derivatives........................................................ 13 - 13 13Other liabilities ................................................. - 5,894 5,894 5,894Total.................................................................. 13 20,247 20,260 20,034Loan andtrade andotherreceivablesAssets valuedat fair valuevia profit (loss)for the yearDecember 31, 2009Held fortradingCarryingamountFair ValueAssets in balance sheetFinancial assets held for trading ...................... - - 56 56 56Derivatives....................................................... - 54 - 54 54Lending to affiliates......................................... 3,183 - - 3,183 3,183Trade and other receivables ............................. 4,291 - - 4,291 4,291Cash and cash equivalents ............................... 809 - - 809 809Total................................................................. 8,283 54 56 8,393 8,393Liabilitiesvalued at fairvalue viaprofit (loss)for the yearOtherfinancialliabilitiesCarryingamountFair ValueLiabilities in balance sheetBorrowing......................................................... - 19,951 19,951 18,291Derivatives........................................................ 97 - 97 97Other liabilities ................................................. - 5,772 5,772 5,772Total.................................................................. 97 25,722 25,820 24,160Financial instruments valued at fair value in the balance sheetIn the below table of financial instruments, valued at a fair value in the balance sheet, is divided into threedifferent categories:F-39
Level 1: Fair value based on quoted market prices on an active market for the same instrumentsLevel 2: Fair value based on quoted market prices on an active market for similar instruments or on a valuationprinciple where all variables is based on quoted market prices. This category contains oil derivatives in form of swapsand options and interest rate swaps.Level 3: Fair value is based on a valuation principle and material variables are not based on market price.December 31, 2010Level 1 Level 2 Level 3Assets in balance sheetOil derivatives.................................................................................... - 21 -Total................................................................................................... - 21 -Liabilities in balance sheetOil derivatives.................................................................................... - 13 -Interest rate swaps.............................................................................. - - -Total................................................................................................... - 13 -December 31, 2009Level 1 Level 2 Level 3Assets in balance sheetOil derivatives.................................................................................... - 54 -Total................................................................................................... - 54 -Liabilities in balance sheetOil derivatives.................................................................................... - 45 -Interest rate swaps.............................................................................. - 53 -Total................................................................................................... - 97 -NOTE 36. TRANSACTIONS WITH AFFILIATESRelations with affiliates which imply a controlling influence.SalesDecember 31, 2010AccountsPurchase ReceivablesCurrentliabilitiesTransactions with AssociatesAB Djurgårdsberg.............................................................. - - - -Göteborgs smörjmedelsfabrik (Scanlube) AB ................... 3 126 - 7SunPine AB 4 92 1 38Transactions with AffiliatesHuda Trading AB .............................................................. 1,756 2,051 6 12Capital Trust Management Ltd .......................................... - 19 - -Midroc Group in Scandinavia............................................ - 175 - 24Société Anonyme Marocaine de I'Industrie du Raffinage(SAMIR)........................................................................ 6 6 - -Corral Morocco Gas and Oil AB ....................................... - - 3,340 -Constellation LTD ............................................................. - 14 - -F-40
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TABLE OF CONTENTSDisclosure Regardi
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which was merged into Preem on Octo
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RISK FACTORSThe risk factors below
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the cost of exploring for, developi
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purchase a minimum of 10% to 20% of
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market price at the time of settlem
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Notes, we would try to obtain waive
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are reasonable grounds for believin
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civil liability, whether or not pre
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SELECTED CONSOLIDATED FINANCIAL DAT
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MANAGEMENT’S DISCUSSION AND ANALY
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Year ended December 31,%2008 2009 C
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arrel in February, increased to app
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(1) Includes sales by our supply an
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SEK 5,519 million, from a loss of S
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Cash flow used in investment activi
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Restrictions on transfers of fundsW
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Variable rate debt—amount due .
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As of December 31, 2008, SEK 21,999
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Our StrengthsOur competitive streng
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Lysekil has a total storage capacit
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Unfinished and Blend Stocks........
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Heating Oil .......................
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Business-to-Business DivisionWe pre
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“.nu,” “.org,” “.biz,”
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Energy AB, Huda Trading AB, the Swe
Page 56 and 57: was incorporated on March 22, 2007,
Page 58 and 59: RELATED PARTY TRANSACTIONSCapital T
Page 60 and 61: DESCRIPTION OF CERTAIN INDEBTEDNESS
Page 62 and 63: effected by the Third Supplemental
Page 64 and 65: first ranking mortgage certificates
Page 66 and 67: LEGAL INFORMATIONCorral Petroleum H
Page 68 and 69: CORRAL PETROLEUM HOLDINGS AB (publ)
Page 76 and 77: SubsidiariesSubsidiaries are compan
Page 78 and 79: The refinery installations consist
Page 80 and 81: of occupational pension insurance,
Page 82 and 83: Emission rights 2010LysekilGothenbu
Page 84 and 85: NOTE 2. FINANCIAL RISK MANAGEMENTTh
Page 86 and 87: In addition to price risk managemen
Page 88 and 89: The fair value of borrowing is calc
Page 90 and 91: Reconciliation with the Group’s t
Page 92 and 93: The Board members including the Cha
Page 94 and 95: NOTE 12. EXPENSES BROKEN DOWN BY TY
Page 96 and 97: NOTE 16. EXCHANGE RATE DIFFERENCES
Page 98 and 99: Equipment, tools, fixtures and fitt
Page 100 and 101: NOTE 23. TRADE AND OTHER RECEIVABLE
Page 102 and 103: The change in the fair value of pla
Page 104 and 105: Loan conditions, effective interest
Page 108: SalesDecember 31, 2009AccountsPurch
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