Bama Gruppen

notesnotesParent companyInsuredschemeUnfundedschemeInsuredschemeGroupUnfundedschemeEstimated pension liabilities -201 828 -92 486 -346 647 -99 779Pension assets (at market value) 143 810 0 237 869 0Actuarial losses/(gains) not recognised in the income statement 65 796 946 104 027 1 290Estimate deviations 17 050 289Employer’s national insurance contributions 1 099 -1 389 -13 918 -2 367Prepaid pensions (net pension liability) 8 877 -92 929 -1 619 -100 567GoodwillCost 1 Jan 2010 11 558Disposals on demerger -11 558Additions 0Disposals 0Cost 31 Dec 2010 0Cumulative amortisation and impairments 31 Dec 2010 0Book value as of 31 Dec 2010 0Amortisation for the year 0Financial assumptions:Discount rate 4.60%Projected yield on fund assets 5.40%Forecast salary increases 4.00%Forecast adjustment of National Insurance Scheme’s basic amount (G) 3.75%Forecast adjustment of current pensions 3.75%Standard insurance industry assumptions have been used as actuarial assumptions for demographic factors and departures.Note 4: Property, plant and equipment / Intangible assetsProperty, plant and equipment is recognised in the balance sheet and depreciated over the asset’s useful economic life, ifthe asset in question has a useful economic life of more than three years and a cost price exceeding NOK 15,000. Directmaintenance of property, plant and equipment is expensed under operating expenses, whereas improvements and upgradesare assigned to the asset’s cost and depreciated in line with the asset. If the fair value of an asset is lower than its book value,and this is attributable to matters not deemed to be temporary in nature, the asset is written down.PARENT COMPANYLandBuildings,fittings andinstallationsFurn., mach.,equip.,tr. meansTotalCost 1 Jan 2010 2 070 199 491 220 523 422 084Additions purchased operating assets 0 3 371 48 185 51 556Disposals 0 -70 873 -16 761 -87 634Cost 31 Dec 2010 2 070 131 989 251 947 386 006Cumulative depreciation and impairments0 -107 091 -136 135 -243 22631 Dec 2010Disposals on demerger -1 623 -13 532 -49 079 -64 234Book value as of 31 Dec 2010 447 11 366 66 733 78 546Depreciation for the year 0 8 946 16 060 25 006Useful economic life 5–25 years 3–10 yearsDepreciation method Straight-line Straight-lineUseful economic lifeAmortisation methodGROUPLandBuildingsFurn., Mach.,equip.,tr. means.5–10 yearsStraight-lineTotalCost 1 Jan 2010 140 393 546 728 985 081 1 672 202Additions purchased operating assets / new32 282 98 399 170 484 301 165Group companiesDisposals -5 004 -57 757 -240 276 -303 037Cost 31 Dec 2010 167 671 587 370 915 289 1 670 330Cumulative depreciation and impairments 31 Dec 2010 0 -263 446 -577 312 -840 758Book value as of 31 Dec 2010 167 671 323 924 337 977 829 572Depreciation for the year 0 32 450 98 663 131 113Useful economic life 5–25 years 3–10 yearsDepreciation method Straight-line Straight-lineGoodwillBrands/conceptsCost 1 Jan 2010 378 396 37 813Additions purchased operating assets / new Group companies 56 579 0Disposals 0 0Cost 31 Dec 2010 434 975 37 813Cumulative amortisation and impairments 31 Dec 2010 -319 993 0Book value as of 31 Dec 2010 114 982 37 813Amortisation for the year 53 318 0Useful economic lifeAmortisation method5–10 yearsStraight-lineBrands/concepts are not amortised but are revalued and subject to an impairment test at the end of each accounting year.46 BAMA annual report 2010BAMA annual report 2010 47