Terma A/S Annual Report 2010/11

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Balance Sheet Assets 28 February 26 Annual Report 2010/11 DKK thousand Consolidated Parent Company Note 2011 2010 2011 2010 Assets Non-current assets Intangibles Completed development projects 151,698 100,712 153,915 100,712 Development projects in process 244,616 262,150 246,069 264,247 7 396,314 362,862 399,984 364,959 Property, plant, and equipment Land and buildings 230,993 225,165 230,993 225,165 Plant and machinery 102,931 44,664 100,618 43,707 Fixtures and fittings, tools and equipment 12,446 17,466 9,380 14,044 Payment on account and property, plant, and equipment under construction 26,227 60,710 26,227 60,710 8 372,597 348,005 367,218 343,626 Investments 9 Equity interests in subsidiaries - - 68,740 64,262 - - 68,740 64,262 Non-current assets, total 768,911 710,867 835,942 772,847 Current assets Inventories Raw materials and consumables 91,071 85,160 91,071 85,160 Work in process 253,642 296,918 242,194 280,128 On-account payments from customers (26,731) (24,420) (26,726) (24,290) Prepayments to suppliers 1,623 6,255 1,623 6,255 Receivables 319,605 363,913 308,162 347,253 Trade accounts receivable 310,878 312,499 282,826 272,718 10 Construction contracts 68,334 46,908 63,501 46,908 Amounts owed by subsidiaries - - 14,690 28,248 14 Corporate tax receivable 2,189 587 0 0 Other receivables 19,930 8,664 16,813 6,657 12 Deferred tax asset 5,631 5,706 0 0 Prepayments and deferred charges 16,063 5,949 16,063 5,949 423,025 380,313 393,893 360,480 16 Cash and cash equivalents 76,175 3,852 68,008 53 Current assets, total 818,805 748,078 770,063 707,786 Assets, total 1,587,716 1,458,945 1,606,005 1,480,633 Notes: Pages 30, 31, 32, 34, and 35
DKK thousand Consolidated Parent Company Note 2011 2010 2011 2010 Equity and liabilities Equity Capital stock 18,000 18,000 18,000 18,000 Net revaluation according to the equity method - - 7,097 2,619 Profit carried forward 367,235 311,513 360,138 308,894 Proposed dividends 0 0 0 0 11 Equity, total Provisions 385,235 329,513 385,235 329,513 Warranty commitments Provisions made within 9,605 3,761 9,605 3,761 construction contracts 3,700 0 3,309 0 12 Deferred tax 106,272 89,015 106,277 88,958 Other provisions 2,300 0 500 0 Provisions, total 121,877 92,776 119,691 92,719 Liabilities other than provisions Long-term liabilities other than provisions Employee bonds 18,251 18,251 18,251 18,251 Credit institutions 225,000 0 225,000 0 Mortgage banks 223,174 227,699 223,174 227,699 13 466,425 245,950 466,425 245,950 Current liabilities other than provisions Current portion of long-term liabilities 1,926 658 1,926 658 Credit institutions 75,973 292,837 75,973 292,837 10 Construction contracts 145,053 0 142,969 0 Prepayments from customers 91,657 150,428 77,926 147,170 Trade accounts payable 78,374 51,932 74,241 50,471 Amounts owed to Parent Company 461 77 461 77 Amounts owed to subsidiaries - - 60,543 54,834 14 Corporate tax payable 1,012 442 0 0 Other payables 219,723 294,332 200,615 266,404 614,179 790,706 634,654 812,451 Liabilities other than provisions, total 1,080,604 1,036,656 1,101,079 1,058,401 Equity and liabilities, total 1,587,716 1,458,945 1,606,005 1,480,633 15 Unusual circumstances 16 Contingent liabilities and security 17 Related parties Notes: Pages 32, 33, 34, and 35 Balance Sheet Equity and Liabilities 28 February Annual Report 2010/11 27
Page 1 and 2: Terma A/S Annual Report 2010/11
Page 3 and 4: Board of Directors Svend-Aage Niels
Page 5 and 6: Highlights of the Year March 2010 T
Page 8: Management’s Review 2010/11 Based
Page 11 and 12: The Business Area secured significa
Page 13 and 14: Annual Report 2010/11 13
Page 15 and 16: Naval Systems The Naval Systems C-S
Page 17 and 18: Terma B.V. Terma Singapore Pte. Ltd
Page 19 and 20: that are integrated entities, monet
Page 21 and 22: Company has a legal or constructive
Page 23 and 24: Executive Management Executive Mana
Page 25: DKK thousand Consolidated Parent Co
Page 29 and 30: 1. Segment information - Revenue 2.
Page 31 and 32: 8. Property, plant, and equipment D
Page 33 and 34: 11. Equity Consolidated DKK thousan
Page 35 and 36: 14. Corporate tax payable Consolida

Terma A/S Annual Report 2010/11

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