Income Statement Infratek ASA
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NOTE 8
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BANK AND OTHER GUARANTEES
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Amounts in thousand NOK
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2012
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2011
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Bank deposits, Group accounts
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201 544
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283 997
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Bank deposits outside the Group account system
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724
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741
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Total cash and cash equivalents
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202 268
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284 738
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See Note 12 to the Group accounts for a presentation of the Group account system.
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Restricted bank deposits
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Amounts in thousand NOK
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2012
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2011
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Employees tax deduction
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-
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-
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Down payment deposits
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-
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-
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Total restricted cash and cash equivalents 1)
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17 261
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16 247
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Total restricted cash and cash equivalents
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17 261
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16 247
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1) At the date of establishing Infratek Group, the employees received a consideration from Hafslund ASA of NOK 15 million as settlement for loss of rights concerning use of the Hafslund Group’s company cabins. These funds are deposited in an account in the name of Infratek ASA. The funds belong to the employees and the yield is earmarked for social purposes benefiting the employees of the Infratek Group. Per 31 December 2012 the deposited amount increased to NOK 17.2 million.
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