ANNUAL REPORT 2011 - DONG Energy

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notes 41 Licence overview significant licences and hydrocarbon exploration and extraction licences in Denmark and abroad Segment/location Activity Licence Ownership interest (%) Expiry Exploration & production Denmark Production Licence 7/86 Lulita Part 44 2026 Denmark Production Licence 7/89 Syd Arne Field 37 2027 Denmark Production Licence 1/90 Lulita 22 2026 Denmark Production Licence 4/95 Nini Field 40 2032 Denmark Production Licence 6/95 Siri 100 2027 Denmark Production Licence 16/98 Cecilie Field 22 2032 Norway Production Licence PL250 Ormen Lange 9 2041 Norway Production Licence PL019 Ula 20 2029 Norway Production Licence PL019B Gyda 34 2018 Norway Production Licence PL065 Tambar 45 2022 Norway Production Licence PL300 Tambar East 45 2023 Norway Production Licence P159B Alve 15 2029 Norway Production Licence PL208 Ormen Lange 45 2040 Norway Production Licence PL147 Trym/Trym South 50 2027 Denmark Development Licence 5/98 Hejre 60 2040 Norway Development Licence PL274 Oselvar 55 2039 Norway Development Licence PL113 Mjølner 20 2021 Norway Development Licence PL122 Marulk 30 2025 Norway Development Licence PL122B Marulk 30 2025 Norway Development Licence PL122C Marulk 30 2025 Norway Development Licence PL122D Marulk 30 2025 Norway Development Licence PL274CS Oselvar 55 2039 UK Development Licence P911 Laggan 20 2031 UK Development Licence P1159 Tormore 20 2030 UK Development Licence P1026 Rosebank 10 2018 UK Development Licence P1028 Cambo 20 2037 UK Development Licence P1189 Cambo 20 2030 UK Development Licence P1190 Tornado 20 2030 UK Development Licence P1191 Rosebank South 10 2030 UK Development Licence P1195 Glenlivet 80 2030 UK Development Licence P1262 Tornado 20 2031 UK Development Licence P1272 Rosebank 10 2031 UK Development LicenceP1678 Tormore 20 2013 UK Development Licence P967 Tobermory 33 2033 Denmark Exploration Licence 7/86 Amalie Part 30 2026 Denmark Exploration Licence 9/95 Maja 20 2012 Denmark Exploration Licence 4/98 Svane/Solsort 35 2013 Denmark Exploration Licence 1/06 Hejre Extension 48 2040 142 COnsOliDatED finanCial statEmEnts – DONG ENERGY ANNUAL REPORT 2011
significant licences and hydrocarbon exploration and extraction licences in Denmark and abroad Segment/location Activity Licence Ownership interest (%) Expiry Denmark Exploration Licence 2/06 Syd Arne Extension 27 2012 Denmark Exploration Licence 03/09 Solsort 35 2015 Norway Exploration Licence PL019C 35 2018 Norway Exploration Licence PL019D 34 2018 Norway Exploration Licence PL289 Musling 40 2039 Norway Exploration Licence PL299 Frode 40 2013 Norway Exploration Licence PL301CS Agn 28 2013 Norway Exploration Licence PL360 Lupin 20 2014 Norway Exploration Licence PL360B 20 2014 Norway Exploration Licence PL429 Spinell 30 2013 Norway Exploration Licence PL518 Zapffe 40 2016 Norway Exploration Licence PL518B 40 2016 Norway Exploration Licence PL529 Himmelbjerget 20 2016 Norway Exploration Licence PL613 Fafner 40 2017 UK Exploration Licence P1194 Aberlour 10 2012 UK Exploration Licence P1453 Edradour/Spinnaker 25 2033 UK Exploration Licence P1454 Glenrothes 40 2013 UK Exploration Licence P1598 Cragganmore 40 2013 UK Exploration Licence P1636 Longmorn 30 2015 UK Exploration Licence P1830 Black Rock 25 2015 UK Exploration Licence P1838 Tomintoul 20 2015 UK Exploration Licence P1846 Sula/Stelkur 30 2015 UK Exploration Licence P1847 Milburn 30 2015 Faroe Islands Exploration Licence F008 Sula/Stelkur 30 2014 Faroe Islands Exploration Licence F016 Kúlubøkan 30 2014 Greenland Exploration Licence G2007/26 Puilasoq 29 2017 Greenland Exploration Licence G2011/11 Qamut 26 2014 Norway Gas pipeline Gassled 1 - wind Power Denmark Production Electricity generation licence (Nysted) - 2027 Denmark Production Electricity generation licence (Middelgrunden) - 2025 Denmark Production Electricity generation licence (Horns Rev 2) Denmark Production Electricity generation licence (general) - 2034 - 2020 Poland Production Electricity generation licence (Karnice) - 2030 Poland Production Electricity generation licence (Karcino) Poland Production Electricity generation licence (Lake Ostrowo) - 2030 - 2025 UK Production Electricity generation licence (Walney) - 2035 DONG ENERGY ANNUAL REPORT 2011 – COnsOliDatED finanCial statEmEnts 143 notes
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MOVING ENERGY FORWARD ANNUAL REPORT
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More reliable and clean energy DONG
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More reliable and clean energy Mode
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Q3 17 August signing of Eur 1.3 bil
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ifrs statement of comprehensive inc
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un Global Compact principle Climate
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Spearheading the development of the
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Waste is a valuable resource It is
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DONG Energy involves local operator
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The ambitious business strategy mea
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DONG Energy contributes to green gr
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The photo shows the Siri platform i
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The photo shows the construction of
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The photo shows one of the Group’
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Strong market insight from experien
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The photo shows a meter technician
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monthly average 2011 2010 ∆ Oil,
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Net finance costs amounted to DKK 0
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New presentation of profit for the
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Non-financial performance The Group
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volumes Generation from wind and hy
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was brought back online in October
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Further information on DONG Energy
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DONG Energy has a diversified loan
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Market and credit risks The Group
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isk and risk policy Exposure and he
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isk and risk policy Exposure and he
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Environment As an energy company, D
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Under Danish legislation, the Group
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information and communication DONG
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lars nØrBy JOHansEn Deputy Chairma
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pOul arnE niElsEn b. 1944. Joined t
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The Board of Directors and the Exec
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notes to the statement of cash flow
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DKK million Note Business perfor ma
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Equity and liabilities DKK million
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DKK million Share capital Hedging r
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DKK million Note 2011 2010 suppleme
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02 Critical accounting estimates an
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The excess of the cost of the acqui
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• wind power: Development, constr
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Geographical breakdown 2011 DKK mil
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econciliations DKK million 2011 201
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emuneration of Board of Directors,
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08 Fee to auditor appointed at the
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13 Income tax expense DKK million 2
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DKK million Goodwill Cost at 1 Janu
Page 95 and 96: The main criteria used for determin
Page 97 and 98: DKK million Land and Impairment tes
Page 99 and 100: 17 Associates and other securities
Page 101 and 102: 19 Receivables DKK million 2011 201
Page 103 and 104: 20 Construction contracts DKK milli
Page 105 and 106: Hybrid capital due 3005 Hybrid capi
Page 107 and 108: Change in temporary differences in
Page 109 and 110: 25 Loans and borrowings DKK million
Page 111 and 112: 27 Income tax receivable and payabl
Page 113 and 114: 29 Disposal of enterprises DKK mill
Page 115 and 116: Other capital transactions with non
Page 117 and 118: Risk Price change Effect on profi t
Page 119 and 120: Categories of fi nancial instrument
Page 121 and 122: securities 2011 DKK million Nominal
Page 123 and 124: trading portfolio, economic hedging
Page 125 and 126: Hedging of net investments in forei
Page 127 and 128: 35 Lease commitments 2011 DKK milli
Page 129 and 130: As a condition for approval of its
Page 131 and 132: 39 Events after the reporting perio
Page 133 and 134: Regulated companies that operate ac
Page 135 and 136: do not satisfy the criteria for hed
Page 137 and 138: translation reserve The translation
Page 139 and 140: eporting enterprise operates. Trans
Page 141 and 142: CO 2 emissions allowances Allocated
Page 143 and 144: Deferred tax is measured using the
Page 145: Definitions of performance highligh
Page 149 and 150: 42 Company overview Segment/company
Page 151 and 152: Segment/company Type 1 Registered o
Page 153 and 154: Segment/company Type 1 Registered o
Page 155 and 156: DONG ENERGY ANNUAL REPORT 2011 - CO
Page 157 and 158: Accounting policies for data collec
Page 159 and 160: significant environmental incidents
Page 161 and 162: fInancIal stateMents 2011 PARENT CO
Page 163 and 164: DKK million Note 2011 2010 profit f
Page 165 and 166: Equity and liabilities DKK million
Page 167 and 168: DKK million Share capital Hedging r
Page 169 and 170: 01 Basis of reporting The parent co
Page 171 and 172: 04 Staff costs DKK million 2011 201
Page 173 and 174: 06 Finance income DKK million 2011
Page 175 and 176: 09 Property, plant and equipment DK
Page 177 and 178: 12 Equity Share capital composition
Page 179 and 180: 14 Loans and borrowings DKK million
Page 181 and 182: 18 Financial risks DONG Energy A/S
Page 183 and 184: 19 Financial instruments maturity a
Page 185 and 186: fair value hierarchy of financial i
Page 187 and 188: 22 Related party transactions tradi
Page 189 and 190: Independent Auditor’s Report To t
Page 191 and 192: coMPany announceMents IN 2011 Compa
Page 193 and 194: glossaRy relatively low (off-peak).
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ANNUAL REPORT 2011 - DONG Energy

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