Annual Report 2011 - Kongsberg Maritime - Kongsberg Gruppen

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AT 31 DECEMBER
KONGSBERG GRUPPEN (GROUP)
Amounts in MNOK Note 31 Dec 11 31 Dec 10
ASSETS
Non-current assets
Property, plant and equipment 10 2 430 2 182
Goodwill 11, 12 1 998 1 781
Other intangible assets 11 746 655
Available-for-sale shares 16 114 129
Other non-current assets 17 144 101
Total non-current assets 5 432 4 848
Current assets
Inventories 7 3 274 3 034
Receivables 18 2 645 1 694
Construction contracts in progress, asset 19 799 936
Derivatives 20A 385 805
Cash and short-term deposits 21 3 083 2 660
Total current assets 10 186 9 129
Total assets 15 618 13 977
EQUITY, LIABILITIES AND PROVISIONS
Equity
Issued capital 982 982
Other capital reserves 90 276
Retained earnings 4 392 3 599
Equity attributable to owners of the parent 5 464 4 857
Non-controlling interests 20 24
Total equity 22 5 484 4 881
Non-current liabilities and provisions
Long-term interest-bearing loans 20D 570 847
Pension liabilities 9 460 316
Derivatives 20A 6 6
Provisions 23 126 147
Deferred tax liability 14 609 546
Other non-current liabilities 105 62
Total non-current liabilities and provisions 1 876 1 924
Current liabilities and provisions
Construction contracts in progress, liability 19 2 703 2 695
Derivatives 20A 330 173
Provisions 23 1 075 1 035
Short-term interest-bearing loans 20D 322 -
Other current liabilities 24 3 828 3 269
Total current liabilities and provisions 8 258 7 172
Total liabilities and provisions 10 134 9 096
Total equity, provisions and liabilities 15 618 13 977
Kongsberg, 27 March 2012
Finn Jebsen
Chairman
Roar Marthiniussen
Director
Anne-Lise Aukner
Deputy chairman
Helge Lintvedt
Director
Erik Must
Director
Kai Johansen
Director
Irene Waage Basili
Director
John Giverholt
Director
Walter Qvam
President and CEO
2 INTRODUCTION
7 DIRECTORS’ REPORT AND
18 FINANCIAL STATEMENTS
64 CORPORATE GOVERNANCE
76 FINANCIAL CALENDAR AND ADDRESSES
KONGSBERG Annual Report 2011 19