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78
Notes to the consolidated financial
statements, REC Group
REC Annual Report 2011
Condensed statement of financial position at December 31, 2010
(NOK INMILLION)
REC SILICON RECWAFER REC SOLAR
OTHER ELIMINATION REC GROUP
Intangible assets
583
396
62
82
0
1 123
Property, plant and equipment
11 269
5 610
9 642
65
0
26 586
Prepaid capex non-current
19
0
10
0
0
29
Prepaid lease, non-current
0
0
104
0
0
104
Financial assets and prepayments
818
3 269
241
14 102
-16 974
1 455
Deferred tax assets
0
357
209
0
-229
336
Non-current assets
12 689
9 631
10 268
14 249
-17 204
29 634
Inventories
513
878
1 418
0
-314
2 495
Prepaid lease, current
0
0
11
0
0
11
Trade and other receivables
860
1 059
1 473
309
-748
2 953
Assets held for sale
0
21
0
0
0
21
Current income tax assets
318
0
1
0
0
319
Current derivatives
0
193
0
598
-208
582
Cash and cash equivalents
378
10
1 227
12 802
-13 570
849
Total current assets
2 069
2 163
4 131
13 709
-14 840
7 231
Total assets
14 758
11 794
14 399
27 958
-32 044
36 865
Equity
4 007
1 191
5 820
19 937
-8 804
22 151
Pension/retirement benefit liabilities
42
23
11
17
0
94
Deferred tax liabilities
1 557
0
93
277
-123
1 804
Provisions
0
0
286
1
0
288
Non-current derivatives
0
144
0
80
-39
186
Non-current financial liabilities interest bearing
8 227
815
992
7 111
-8 552
8 592
Non-current prepayments, interest calculation
332
147
0
0
0
479
Non-current liabilities
10 159
1 129
1 382
7 487
-8 714
11 443
Trade payables and other liabilities
513
1 147
1 405
191
-748
2 508
Provisions
5
0
78
2
0
85
Current income tax liabilities
0
0
19
180
0
200
Current derivatives
0
155
0
213
-208
160
Current financial liabilities, interest bearing
1
8 120
5 695
-53
-13 570
194
Current prepayments, interest calculation
74
51
0
0
0
124
Current liabilities
593
9 473
7 198
534
-14 526
3 271
Total liabilities
10 751
10 602
8 579
8 021
-23 240
14 714
Equity and liabilities
14 758
11 794
14 399
27 958
-32 044
36 865
Geographic distribution of non-current assets based on company location
(NOK INMILLION)
2011
2010
Norway
154
6 583
USA
11 311
11 918
Singapore
4 815
9 292
Other countries
5
48
Total non-current assets*
16 285
27 842
* Non-current assets include property, plant, equipment, intangibles, prepaid capex and prepaid lease.