Balance Sheets - I.M. Skaugen SE Group

USD ‘000 Notes 31.12.2007 31.12.2006 31.12.2005  
ASSETS        
Non-current assets        
Intangible fixed assets        
Deferred tax assets 22             2 500             5 990            5 990
Other intangible assets and goodwill 15             3 765             5 085            2 062
Total intangible fixed assets              6 265          11 075           8 052
         
Tangible fixed assets        
Vessels and assets under construction 13         141 200         148 466         145 596
Other fixed assets 13           10 635             8 092            4 849
Total tangible fixed assets          151 835        156 558       150 445
         
Financial fixed assets        
Investments in associates 9             3 858             1 355               656
Non-current financial assets 11           14 612           14 394          11 208
Total financial fixed assets            18 470          15 749         11 864
Total non-current assets          176 570        183 382       170 361
         
Current assets        
Projects under construction  14           72 165           19 853                 -  
Trade debtors 12           23 967           19 866          13 800
Other debtors 12           52 254           22 361          21 119
Financial current assets 11           20 738             1 000            1 000
Cash and cash equivalent 10         110 263           81 283          83 019
Total current assets          279 384        144 363       118 938
Non-current assets classified as held for sale 13 -             6 313                 -  
TOTAL ASSETS          455 957        334 058       289 299
         
EQUITY AND LIABILITES        
Equity         
Share capital             63 092           63 092 59 376
Other paid-in capital             18 676           18 676 8 417
Treasury shares                (202)              (202) (202)
Retained earnings             25 012           17 988 9 606
Net unrealised gain reserve             16 841             5 677 5 677
Minority interests                 787             5 784 4 044
Total equity 25        124 206        111 015 86 918
         
Liabilities        
Long term liabilities        
Convertible bonds 17                 -                   -   18 818
Bonds 17         204 012         147 585 87 677
Liabilities to financial institutions 17           61 900           44 468 67 958
Other long-term liabilities               3 022             1 737 2 045
Total long-term liabilities          268 934        193 790 176 498
         
Current interest-bearing liabilities 17           14 463             1 443 12 504
Trade creditors 16           21 660           11 602 3 682
Other short-term liabilities 16           26 694           16 208 9 697
Total current liabilities            62 817 29 253 25 883
Total liabilities          331 751        223 043 202 381
TOTAL EQUITY AND LIABILITIES          455 957        334 058 289 299

 

5 February 2008
Board of directors, I.M. Skaugen SE