Terma A/S Annual Report 2010/11
Terma A/S Annual Report 2010/11
Terma A/S Annual Report 2010/11
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Notes<br />
9. Equity interests in subsidiaries<br />
DKK thousand<br />
Cost at 1 March <strong>2010</strong> 51,699<br />
Disposals during the year 0<br />
Additions during the year 0<br />
Cost at 28 February 20<strong>11</strong> 51,699<br />
Net revaluations at 1 March <strong>2010</strong> 12,563<br />
Translation adjustment at the beginning of the year (181)<br />
Dividends paid (3,539)<br />
Profit for the year 8,198<br />
Net revaluations at 28 February 20<strong>11</strong> 17,041<br />
Carrying value at 28 February 20<strong>11</strong> 68,740<br />
10. Construction contracts<br />
32 <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>/<strong>11</strong><br />
Name Registered office Ownership Capital stock<br />
<strong>Terma</strong> Ejendomme Skive A/S Aarhus, Denmark 100 % DKK 1,150 thousand<br />
<strong>Terma</strong> GmbH Darmstadt, Germany 100 % EUR 51 thousand<br />
<strong>Terma</strong> B.V. Leiden, The Netherlands 100 % EUR 750 thousand<br />
<strong>Terma</strong> S.r.l. in liquidation Besozzo, Italy 100 % EUR 10 thousand<br />
<strong>Terma</strong> North America Inc. Delaware, USA 100 % USD 150 thousand<br />
<strong>Terma</strong> Singapore Pte. Ltd. Singapore, Singapore 100 % SGD 100 thousand<br />
Consolidated Parent Company<br />
DKK thousand 20<strong>11</strong> <strong>2010</strong> 20<strong>11</strong> <strong>2010</strong><br />
Sales price of construction contracts 916,565 890,984 828,632 890,984<br />
Invoiced on account (993,284) (844,076) (908,100) (844,076)<br />
(76,719) 46,908 (79,468) 46,908<br />
Recognized as follows:<br />
Construction contracts (assets) 68,334 46,908 63,501 46,908<br />
Construction contracts (liabilities) (145,053) 0 (142,969) 0<br />
(76,719) 46,908 (79,468) 46,908
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