Annual Report 2011 - PGS

Statements of operations – PGS ASA
STATEMENTS OF OPERATIONS - PGS ASA
PETROLEUM GEO-SERVICES ASA
(Parent company unconsolidated financial statements)
STATEMENT OF FINANCIAL POSITION
December 31,
(In thousands of NOK) Note 2011 2010
ASSETS
Long-term assets:
Deferred tax assets 5 802,778 1,105,064
Property and equipment, net 6 1,501 2,034
Shares in subsidiaries 1, 7 12,019,368 11,708,126
Intercompany receivables 1 5,508,299 3,018,755
Investments in associated companies 20 27,877 112,515
Other financial long-term assets 8, 20 143,427 23,942
Total long-term assets 18,503,250 15,970,436
Current assets:
Short-term intercompany receivables 42,438 25,707
Other current assets 9 38,045 88,312
Restricted cash 10 3,018 2,694
Cash and cash equivalents 2,363,863 2,358,867
Total current assets 2,447,364 2,475,580
Total assets 20,950,614 18,446,016
LIABILITIES AND SHAREHOLDERS' EQUITY
Shareholders' equity:
Paid in capital:
Common stock; par value NOK 3;
issued and outstanding 217,799,997 shares 653,400 653,400
Own shares, par value (3,672) (1,632)
Additional paid-in capital 2,319,790 2,181,020
Total paid in capital 2,969,518 2,832,788
Other equity 7,311,756 6,976,581
Total shareholders' equity 11 10,281,274 9,809,369
Long-term liabilities
Long-term debt 12, 13 4,540,316 4,586,228
Intercompany debt 4,473,981 3,696,603
Other long-term liabilities 14 145,405 191,713
Total long-term liabilities 9,159,702 8,474,544
Current liabilities:
Short-term debt and current portion of long-term debt 12 1,102,739 -
Short-term intercompany debt 8,968 28,354
Accounts payable 14,542 26,257
Accrued expenses 17 383,389 107,492
Total current liabilities 1,509,638 162,103
Total liabilities and shareholders' equity 20,950,614 18,446,016
Warranties 19
57 PGS ANNUAL REPORT 2011
122 PGS Annual Report 2011