Annual Report 2010 - Scana Industrier ASA

40Annual Report 2010 Scana Industrier ASAannual accounts 201041 Directors’ reportSCANA GROUP47 Profit and loss account48 Balance sheet49 Cash flow statement50 Statement of change in shareholders equity51 Notes51 Note 1. Group accounting principles55 Note 2. Estimate uncertainty55 Note 3. Segment information58 Note 4. Investments in associated and other companies59 Note 5. Specification of other revenues and other costs60 Note 6. Tax61 Note 7. Earnings per share61 Note 8. Intangible assets63 Note 9. Tangible fixed assets64 Note 10. Staff costs68 Note 11. Pensions and other long-term employeebenefits69 Note 12. Stocks70 Note 13. Trade receivables71 Note 14. Other short-term receivables71 Note 15. Bank deposits71 Note 16. Share capital and premiums71 Note 17. Interest-bearing debt72 Note 18. Other current liabilities72 Note 19. Creditors73 Note 20. Leasing obligations73 Note 21. Related-party transactions74 Note 22. Financial risk75 Note 23. Financial instruments79 Note 24. Shares and shareholders80 Note 25. Pledged assets and guarantees80 Note 26. Retained assets81 Note 27. Own shares82 Note 28. Events after balance sheet dateParent company83 Profit and loss account84 Balance sheet85 Cash flow statement86 Notes86 Note 1. Accounting principles86 Note 2. Shares87 Note 3. Tangible fixed assets87 Note 4. Tax88 Note 5. Shareholders’ equity88 Note 6. Guarantees88 Note 7. Related-party transactions89 Note 8. Remuneration and fees89 Note 9. Share capital89 Note 10. Receivables due after one year89 Note 11. Bank deposits89 Note 12. Short-term interest-bearing debt90 Note 13. Long-term interest-bearing debt90 Note 14. Pledged assets90 Note 15. Financial instruments91 Declaration by the Board of Directors andthe CEO and group chief executive92 Auditors´ report