Income Statement Group
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NOTE 8
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CONSTRUCTION CONTRACTS
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Amounts in NOK million
|
2012
|
2011
|
||
|
Total operating revenues
|
2 810
|
2 890
|
||
|
- of which contract revenues
|
1 299
|
1 380
|
||
|
Sales of goods and services
|
1 511
|
1 510
|
||
|
Current contracts as of 31 December
|
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|
Incurred contract expences 31.12
|
1 054
|
1 065
|
||
|
Incurred contract profit 31.12
|
83
|
58
|
||
|
Progress billings
|
(1 098)
|
(1 071)
|
||
|
Net value contracts in progress 31.12
|
40
|
52
|
||
|
Balance sheet amounts of:
|
||||
|
Incurred, not invoiced
|
104
|
110
|
||
|
Pre-invoiced to customer
|
(64)
|
(58)
|
||
|
Net value contracts in progress 31.12
|
40
|
52
|
||
|
Remaining production on contracts with estimated loss 1)
|
6
|
16
|
||
|
1) Estimated production losses on remaining contracts, are recognized to the fullest in the profit and loss account.
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