Consolidated balance sheet

31 December
NOK millionNotes20112010
Assets
Property, plant and equipment618 63218 557
Intangible assets72 3792 389
Investments in associates9426430
Long-term receivables12, 19, 26462360
Non-current assets21 89921 736
Inventories6159
Trade and other receivables10, 131 7085 188
Derivatives3, 102674
Financial assets10, 111022 327
Cash and cash equivalents10, 14870211
Current assets2 7677 859
Total assets24 66629 595
Equity and liabilities
Paid-in equity154 2754 275
Retained earnings3 8336 184
Non-controlling ownership interests235
Equity8 13110 464
Borrowings10, 179 04710 259
Deferred income tax liabilities183 1862 971
Pensions and similar obligations19, 2657
Long-term liabilities12 23313 287
Trade and other payables10, 162 1331 917
Derivatives3, 10862
Income tax payable24280525
Borrowings10, 171 8023 400
Current liabilities4 3025 844
Total liabilities16 53519 131
Total liabilities and equity24 66629 595

Board of Directors of Hafslund ASA
Oslo, 20 March 2012


Birger Magnus
Chairman of the Board

Maria Moræus Hanssen

Susanne Jonsson

Kristin Bjella

Ole Ertvaag

Hans Kristian Rød

Odd Håkon Hoelsæter

Tyra Marie Hetland

Per Orfjell Per Luneborg

Finn Bjørn Ruyter
President and CEO








Notes 1 to 29 are an integral part of the consolidated financial statements.

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