Annual Financial Report for the period from1st of January to the 31st of December 2013
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3.16 Share capital........................................................................................................................................... 96
3.17 Income tax & deferred tax...................................................................................................................... 97
3.18 Employee benefits.................................................................................................................................. 97
3.19 Grants..................................................................................................................................................... 99
3.20 Provisions............................................................................................................................................... 99
3.21 Recognition of income and expenses. ................................................................................................... 99
3.22 Leases. ..................................................................................................................................................100
3.23 Construction contracts..........................................................................................................................100
3.24 Dividend distribution.............................................................................................................................101
3.25 Proforma figure “Operating Earnings before Financial & Investment results, Tax,
Depreciation & Amortization” (Group EBITDA)……………………………………………………………………………………...101
3.26 CO2 emission Liability...........................................................................................................................101
4. Business Risk Management...........................................................................................................................102
4.1 Financial Risk Factors.............................................................................................................................102
4.2 Financial Instruments.............................................................................................................................103
4.3 Fair Value Measurements.......................................................................................................................103
4.4 Capital Management...............................................................................................................................104
4.5 Market Risk.............................................................................................................................................105
4.6 Credit Risk...............................................................................................................................................106
4.7 Liquidity Risk...........................................................................................................................................108
4.8 Hedging Accounting. ...............................................................................................................................110
5. Segment reporting. ........................................................................................................................................111
6. Notes on the Financial Statements................................................................................................................112
6.1 Tangible assets........................................................................................................................................112
6.2 Goodwill...................................................................................................................................................113
6.3 Intangible Assets.....................................................................................................................................114
6.4 Investments in affiliated companies.......................................................................................................116
6.5 Deferred tax.............................................................................................................................................116
6.6 Other long-term receivables...................................................................................................................117
6.7 Inventories...............................................................................................................................................117
6.8 Customers and other trade receivables.................................................................................................117
6.9 Other receivables. ...................................................................................................................................118
6.10 Derivatives financial instruments.........................................................................................................118
6.11 Financial Assets available for sale........................................................................................................118
6.12 Cash and cash equivalents....................................................................................................................119
