CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

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Equipment, tools, fixtures and fittings2010 2009Opening cost value ..................................................................................................................... 1,348 1,366Sales/Disposals ........................................................................................................................... (54) (72)Completion of constructions in progress .................................................................................... 79 54Closing accumulated cost value.................................................................................................. 1,373 1,348Opening depreciation.................................................................................................................. 916 887Sales/Disposals ........................................................................................................................... (52) (62)Depreciation for the year ............................................................................................................ 88 91Closing accumulated depreciation .............................................................................................. 952 916Carrying amount ......................................................................................................................... 421 433Constructions in progress2010 2009Opening cost value ..................................................................................................................... 951 704Investments during the year........................................................................................................ 647 623Sales/Disposals ........................................................................................................................... 0 0Completion of constructions in progress .................................................................................... (693) (377)Closing accumulated cost value (2) ............................................................................................... 905 951(2) Includes planning costs of SEK 311 million (311).Tax assessment values2010 2009Buildings..................................................................................................................................... 763 737Land............................................................................................................................................ 464 465Plant and machinery ................................................................................................................... 3,298 3,3184,525 4,520NOTE 19. PARTICIPATION IN ASSOCIATESSwedish companiesCorp. ID no.Reg.officeNo. ofsharesParticipatinginterest%Carryingamountin 1,000SunPine AB ........................................................ 556682-9122 Piteå 11,264 26 78,192AB Djurgårdsberg............................................... 556077-3714 Stockholm 366 37 18GöteborgsSmörjmedelsfabrik (Scanlube) AB .... 556287-6481 Gothenburg 50,000 50 5,000Total.................................................................... 83,210December 31, 2010Assets Liabilities Equity IncomeSunPine AB ........................................................................................... 513 419 94 278AB Djurgårdsberg.................................................................................. 2 2 0 4Göteborgs Smörjmedelsfabrik (Scanlube) AB ...................................... 170 160 10 434December 31, 2009Assets Liabilities Equity IncomeAB Djurgårdsberg.................................................................................. 2 2 0 4Göteborgs Smörjmedelsfabrik (Scanlube) AB ...................................... 152 142 10 410The disclosures inhere, refers to 100% of the companies assets, liabilities, equity and income.F-31
December 31,2010 2009Opening balance .............................................................................................................. 5 5Investments during the year............................................................................................. 38 -Re-classification to associates ......................................................................................... 50 -Profit participation........................................................................................................... (10) 0Closing balance ............................................................................................................... 83 5NOTE 20. RECEIVABLES FROM AFFILIATESDecember 31,2010 2009Opening value.................................................................................................................. 3,183 3,136Change during the year.................................................................................................... 157 47Closing value ................................................................................................................... 3,340 3,183Receivable from affiliates relates to interest-bearing receivable from the affiliate company Corral MoroccoGas & Oil AB (CMGO). The receivable totals SEK 3,340 million (3,183) and is subject to a market-based fixed interestrate of 5% on the original receivable of SEK 3,136 million. There is no guarantee provided towards CMGO in connectionto this receivable. The loan and interest fall due for payment no later than on February 6, 2013 unless otherwise agreedprior to this date.NOTE 21. FINANCIAL ASSETS HELD FOR TRADING2010 2009Opening carrying amount ................................................................................................ 56 55Re-classification to associates ......................................................................................... (50) -Shareholders’ contribution............................................................................................... 16 1Profit/(loss) ...................................................................................................................... 1 -Sales during the year........................................................................................................ - 0Carrying amount at end of period .................................................................................... 23 56Company Corp. ID no. Reg. office No. of sharesParticipatinginterest %Carryingamount inThousandSEKSPIMFAB—SPI Miljösaneringsfond AB......... 556539-4888 Stockholm 1 1 2Släckmedelscentralen—SMC AB..................... 556488-8583 Stockholm 117 12 52BasEl i Sverige AB........................................... 556672-5858 Stockholm 50 5 405VindIn AB ........................................................ 556713-5172 Stockholm 100 8.6 20,721Götene E.D.F. Elföreningen,ek. förening ......... 10SSH Svensk Servicehandel............................... 1Bostadsrättsföreningen Ekerum........................ 945Bostadsrättsföreningen Solhyllan ..................... 425Total.................................................................. 22,562NOTE 22. INVENTORIESDecember 31,2010 2009Raw material.................................................................................................................... 4,014 3,511Finished goods................................................................................................................. 4,203 4,755Total................................................................................................................................. 8,216 8,266The cost value of inventories in the Group includes the equivalent of SEK 0.5 million (18) in volumes ofinventories out on loan. Volumes of inventories borrowed corresponding to a total inventory value of SEK 384 million(25) are not included in the value of inventories.F-32
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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
Page 38 and 39:
Variable rate debt—amount due .
Page 40 and 41:
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........
Page 48 and 49: Heating Oil .......................
Page 50 and 51: Business-to-Business DivisionWe pre
Page 52 and 53: “.nu,” “.org,” “.biz,”
Page 54 and 55: 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 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 106 and 107: Capitalized interest cost..........
Page 108: SalesDecember 31, 2009AccountsPurch
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