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REC Annual Report 2011
138
INCOMESTATEMENT (NGAAP)
RENEWABLEENERGYCORPORATIONASA
YEAR ENDED DECEMBER 31 (NOK INMILLION)
NOTES
2011
2010
Lease revenues and other revenues external
3
1
Revenues from subsidiaries
83
98
Total revenues
86
99
Employee benefit expenses
K
-103
-129
Other operating expenses
N
-140
-127
Depreciation, amortization and impairment
B,C
-81
-13
Operating loss (EBIT)
-238
-170
Interest income, internal
1 745
1 784
Interest income, external
14
24
Interest expenses, internal
-17
-11
Interest expenses, external
O
-509
-901
Other financial expenses
O
-70
-287
Currency gains/losses
G
-41
1 002
Net gains/losses on internal derivatives
G
-60
-308
Net gains/losses on external derivatives
G
16
941
Write downs and losses on financial assets
P
-14 339
-72
Profit/loss before taxes
-13 498
2 001
Income tax expense/benefit
L
281
-425
Profit/loss for the year
-13 217
1 576
Profit/loss for the year is distributed as follows
Share premium reserve
I
-10 490
0
Contributed capital
I
-283
0
Other equity
I
-2 444
1 576
Total distributed
-13 217
1 576
Group contribution to subsidiary, net after tax
0
462