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Consolidated Accounts

Consolidated Balance Sheet
NOTE
(NOK 1,000)
2012
2011
ASSETS
Non-current assets
Intangible assets
237,774
236,216
Deferred tax asset
4,293
2,069
Aircraft, parts and installations on leased aircraft
5,579,757
3,869,159
Equipment and fixtures
58,476
31,991
Buildings
9,525
9,525
Financial lease asset
24,562
27,882
Financial assets available for sale
2,689
2,689
Investment in associate
116,050
82,091
Prepayment to aircraft manufacturers
2,844,359
2,126,954
Other receivables
135,562
113,061
Total non-current assets
9,013,047
6,501,638
Current assets
Inventory
68,385
81,994
Trade and other receivables
1,096,558
1,072,497
Derivative financial instrument
0
242,790
Financial assets available for sale
10,172
0
Cash and cash equivalents
1,730,895
1,104,946
Total current assets
2,906,011
2,502,227
TOTAL ASSETS
11,919,058
9,003,864
NOTE
(NOK 1,000)
2012
2011
EQUITY AND LIABILTIES
Equity
Share capital
3,516
3,488
Share premium
1,093,549
1,075,463
Other paid-in equity
63,365
63,365
Other reserves
-9,335
-9,638
Retained earnings
1,269,556
812,910
Total equity
2,420,651
1,945,589
Non-current liabilities
Pension obligation
0
151,187
Provision for periodic maintenance
175,306
81,865
Deferred tax
301,042
134,646
Borrowings
4,166,854
2,682,888
Financial lease liability
10,853
15,485
Total non-current liabilities
4,654,055
3,066,069
Short term liabilities
Short term part of borrowings
1,349,359
1,551,918
Trade and other payables
1,564,955
1,230,935
Air traffic settlement liabilities
1,739,681
1,208,326
Derivative financial instrument
190,356
539
Tax payable
0
488
Total short term liabilities
4,844,352
3,992,205
Total liabilities
9,498,407
7,058,275
TOTAL EQUITY AND LIABILITIES
11,919,058
9,003,864
Fornebu,20 March 2013
Bjørn H. Kise
Ola Krohn-Fagervoll
(Chairman of the Board)
(Deputy Chairman)
Liv Berstad
Marianne Wergeland Jenssen
Thor Espen Bråten
Jeanette Vannebo
(Employee Representative)
(Employee Representative)
Linda Olsen
Bjørn Kjos
(Employee Representative)
(Chief Executive Officer)
The notes are an integral part of these consolidated financial statements.