ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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notes<br />
16 Disposal of enterprises<br />
DKK million <strong>2011</strong> 2010<br />
Other non-current assets - 398<br />
Gain on disposal of enterprises - 73<br />
Cash selling price 0 471<br />
Disposal of enterprises in <strong>2011</strong><br />
No enterprises were disposed of in <strong>2011</strong>.<br />
Disposal of enterprises in 2010<br />
Disposal of enterprises in 2010 comprised the companies<br />
Swedegas AB and Frederiksberg Elnet A/S. The accounting<br />
gain on the disposal of Swedegas AB was calculated at DKK<br />
155 million, while the disposal of Frederiksberg Elnet A/S<br />
yielded an accounting loss of DKK 82 million.<br />
17 Cash and cash equivalents and securities<br />
DKK million <strong>2011</strong> 2010<br />
Available cash 4 1,506<br />
Bank overdrafts that are part of the ongoing cash management, see note 14 (3,920) -<br />
Cash and cash equivalents at 31 December, see statement of cash flows (3,916) 1,506<br />
Cash can be broken down into the following balance sheet items:<br />
Available cash 4 1,506<br />
Cash at 31 December 4 1,506<br />
securities can be broken down into the following balance sheet items:<br />
Available securities 8,129 7,470<br />
Securities not available for use 1,536 -<br />
securities at 31 December 9,665 7,470<br />
The securities are highly liquid AAA-rated Danish mortgage<br />
bonds that qualify for repos in the Danish Central Bank. Securities<br />
not available for use comprise securities that form part of<br />
176 parEnt COmpany finanCial statEmEnts – <strong>DONG</strong> ENERGY <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong><br />
genuine sale and repurchase transactions (repo transactions)<br />
amounting to DKK 1,536 million (2010: DKK 0 million).
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