Income Statement Group

NOTE 18

RELATED PARTY TRANSACTIONS

As of 31 December 2012 Hafslund ASA owned 43.3 per cent of the shares of Infratek ASA, while Fortum Nordic AB owned 33.0 per cent. Both Hafslund ASA and Fortum Nordic AB are deemed to be related parties. The Infratek Group sells goods and services to the Hafslund Group and the Fortum Group, and, to a lesser extent, purchases goods and services from the Hafslund and Fortum groups. Receivables from related parties largely arise from sales of goods and services. Accounts payable to related parties largely arise from purchases of goods and services.

Statement of comprehensive income:

Hafslund

Fortum

Amounts in million NOK

Sale of goods and services

Purchases of goods and services

Statement of financial position:

Hafslund

Fortum

Amounts in million NOK

Accounts receivable

Accounts payable

Short-term debt