Balance sheet

Statkraft AS Group

NOK million	Note	31.12.2009	31.12.2008	31.12.2007

ASSETS
Intangible assets	17	2 277	2 481	1 589
Property, plant and equipment	18	78 239	74 553	56 228
Investments in associates and joint ventures	6, 19	16 509	14 387	32 131
Other non-current financial assets	20	21 939	25 169	2 944
Derivatives	24	3 358	5 716	2 096
Non-current assets		122 322	122 306	94 988
Inventories	21	1 247	699	303
Receivables	22	8 707	11 646	5 094
Short-term financial investments	23	421	349	347
Derivatives	24	4 645	7 090	6 230
Cash and cash equivalents	25	6 663	2 209	3 150
Current assets		21 683	21 993	15 124
Assets		144 005	144 299	110 112

EQUITY AND LIABILITIES
Paid-in capital		31 569	31 569	31 569
Retained earnings		26 065	37 983	10 032
Minority interests		7 267	2 772	2 817
Equity		64 901	72 324	44 418
Provisions	12, 26	13 653	11 327	10 831
Long-term interest-bearing liabilities	27	36 342	30 639	30 361
Derivatives	24	4 016	3 612	5 625
Long-term liabilities		54 011	45 578	46 817
Short-term interest-bearing liabilities	28	9 318	10 152	6 923
Taxes payable	16	2 372	2 735	1 583
Other interest-free liabilities	28	9 336	5 823	3 542
Derivatives	24	4 067	7 687	6 829
Current liabilities		25 093	26 397	18 877
Equity and liabilities		144 005	144 299	110 112

The Board of Directors of Statkraft AS

Oslo, 17 March 2010