Income Statement Group
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NOTE 26
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SALE OF SUBSIDIARY
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With effect from 30. November 2011 the subsidiary Østlandske Elektro AS was sold for a consideration of NOK 1.8 million.
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The following shows a breakdown on the consolidated balance sheet associated with Østlandske Elektro AS at the time of sale:
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Book value of assets and liabilities as of 30 November 2011 :
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Amounts in NOK million
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2011
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Goodwill
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3
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Inventories
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2
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Accounts receivable and other receivables
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4
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Cash and cash equivalents
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4
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Accounts payable and other liabilities
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(5)
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Book value of minority interest
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(2)
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Book value of disposed assets and liabilities
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6
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Selling price inclusive sales cost
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2
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Loss on disposal of Østlandske Elektro AS
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(4)
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Net cash inflow on disposal of subsidiary Østlandske Elektro AS
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Amounts in NOK million
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2011
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Selling price
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2
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Cash and cash equvalents in Østlandske Elektro AS
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(4)
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Net cash inflow on disposal of Østlandske Elektro AS
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(2)
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