Income Statement Group
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NOTE 8
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CONSTRUCTION CONTRACTS
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|
|
Amounts in NOK million
|
2011
|
2010
|
|
Total operating revenues
|
2890
|
2737
|
|
- of which contract revenues
|
1380
|
1401
|
|
Sales of goods and services
|
1510
|
1336
|
|
Current contracts as of 31 December
|
||
|
Incurred contract expences 31.12
|
1065
|
764
|
|
Incurred contract profit 31.12
|
58
|
55
|
|
Progress billings
|
(1071)
|
(783)
|
|
Net value contracts in progress 31.12
|
52
|
36
|
|
Balance sheet amounts of:
|
||
|
Incurred, not invoiced
|
110
|
108
|
|
Pre-invoiced to customer
|
(58)
|
(72)
|
|
Net value contracts in progress 31.12
|
52
|
36
|
|
Remaining production on contracts with estimated loss 1)
|
16
|
11
|
|
1) Estimated production losses on remaining contracts, are recognized in the profit and loss account.
|
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