Annual Report 2010

Consolidated statement of changes in equity

(NOK million) Share capital Treasury shares Share premium reserve Other paid-in equity Retained earnings Foreign currency transl. reserve Net unrealised gains reserve Total Non-controlling interests Total
As at 31.12.2008 69 (5) 76 122 3,045 257 53 3,617 124 3,741
Net income (loss) 2009 - - - - 395 - - 395 117 512
Change in fair value of investments available for sale (note 14) - - - - - - 207 207 - 207
Translation differences - - - - - (1,034) - (1,034) (1) (1,035)
Effect of hedging of net investment in foreign operations - - - - - 784 - 784 - 784
Tax effect hedging of net investment in foreign operations (note 30) - - - - - (219) - (219) - (219)
Comprehensive income 2009 - - - - 395 (469) 207 133 116 249
Capital increase 39 - 1,213 - - - - 1,252 - 1,252
Share-based payment (note 27) - - - 5 - - - 5 - 5
Dividends (note 20) - - - - - - - - - -
Dividends to non-controlling interests - - - - - - - - (43) (43)
Change in treasury shares (note 19) - - - - (2) - - (2) - (2)
Additions, disposals and change in ownership of subsidiaries and associated companies - - - - (168) - - (168) 240 72
Total transactions with the owners 39 - 1,213 5 (170) - - 1,087 197 1,284
As at 31.12.2009
108 (5) 1,289 127 3,270 (212) 260 4,837 437 5,274
Net income (loss) 2010 - - - - 2,794 - - 2,794 137 2,931
Change in fair value of investments available for sale (note 14) - - - - - - (129) (129) - (129)
Translation differences - - - - - (251) - (251) 4 (247)
Effect of hedging of net investment in foreign operations - - - - - (4) - (4) - (4)
Tax effect hedging of net investment in foreign operations (note 30) - - - - - 1 - 1 - 1
Comprehensive income 2010 - - - - 2,794 (254) (129) 2,411 141 2,552
Capital increase - - - - - - - - 1 1
Share-based payment (note 27) - - - 10 - - - 10 - 10
Dividends (note 20) - - - - (155) - - (155) - (155)
Dividends to non-controlling interests - - - - - - - - (201) (201)
Change in treasury shares (note 19) - 1 - - 69 - - 70 - 70
Changes in ownership of subsidiaries that do not result in a loss of control - - - - (496) - - (496) (49) (545)
Total transactions with the owners - 1 - 10 (582) - - (571) (249) (820)
As at 31.12.2010
108 (4) 1,289 137 5,482 (466) 131 6,677 329 7,006

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