ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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notes<br />
30 Transactions with non-controlling interests<br />
transactions with non-controlling interests<br />
DKK million <strong>2011</strong> 2010<br />
Dividends paid to non-controlling interests (16) -<br />
Acquisition of equity investments from non-controlling interests (76) (138)<br />
Disposal of equity investments to non-controlling interests 1,541 119<br />
Other capital transactions with non-controlling interests 2,496 349<br />
transactions with non-controlling interests 3,945 330<br />
acquisition of equity investments from non-controlling interests<br />
DKK million <strong>2011</strong> 2010<br />
Purchase price 76 138<br />
Of which payable - -<br />
Cash purchase price 76 138<br />
Acquisition of equity investments from non-controlling interests<br />
in <strong>2011</strong> comprises the acquisition of 16.43% of <strong>DONG</strong><br />
<strong>Energy</strong> Germany AG and the payment of contingent consideration<br />
relating to Borkum Riffgrund I Holding A/S.<br />
Disposal of equity investments to non-controlling interests<br />
Acquisition of equity investments from non-controlling interests<br />
in 2010 comprises the acquisition of 25.1% of <strong>DONG</strong> <strong>Energy</strong><br />
Kraftwerke Greifswald GmbH & Co. KG and 25% of <strong>DONG</strong><br />
<strong>Energy</strong> Sales GmbH.<br />
DKK million <strong>2011</strong> 2010<br />
Selling price 1,767 1,666<br />
Transaction costs (53) (41)<br />
Of which receivables (173) (1,506)<br />
Cash selling price 1,541 119<br />
Disposal of equity investments to non-controlling<br />
interests in <strong>2011</strong><br />
Disposal of equity investments to non-controlling interests<br />
comprises the disposal of 49.9% of Gunfl eet Sands Holding<br />
Limited and adjustments in respect of prior year disposals.<br />
The selling price for Gunfl eet Sands Holding Limited is contingent<br />
on certain future conditions. The selling price was<br />
determined based on management’s best estimate of the<br />
probability of these conditions being met.<br />
106 110 COnsOliDatED finanCial statEmEnts – <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>REPORT</strong> <strong>2011</strong><br />
<strong>2011</strong><br />
Disposal of equity investments to non-controlling<br />
interests in 2010<br />
Disposal of equity investments to non-controlling interests<br />
comprises the disposal of 24.8% of Walney (UK) Offshore<br />
Windfarms Ltd. and 14.5% of <strong>DONG</strong> <strong>Energy</strong> Nysted I A/S.<br />
The selling price for Walney (UK) Offshore Windfarms Ltd. is<br />
contingent on certain future conditions being met. The selling<br />
price was determined based on management’s best estimate<br />
of the probability of these conditions being met.
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