Page 31 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
(Amounts in NOK 1000)
2011
2010
Raw materials and purchased semi-manufactures
245 222
237 858
Work in progress
69 916
70 497
Finished goods
31 657
16 895
Total inventory
346 795
325 251
The total impairment charge recognised in the profit and loss account for the year is NOK 1.9 million (2010:
NOK 6.6 million). Inventory at 31 December 2011 provides security for NOK 327.9 million, see note 21.
(Amounts in NOK 1000)
2011
2010
Cash and cash eqiuvalents
50 917
48 243
Cash, cash equivalents and bank overdraft in the cash flow statement comprise:
(Amounts in NOK 1000)
2011
2010
Cash and cash equivalents
50 916
48 243
Overdraft drawn down
(35 245)
(15 094)
Locked-in bank deposits
(19 186)
(18 795)
Total
(3 514)
14 354
(Amounts in NOK 1000)
2011
2010
Bank overdraft facilities 31 December
130 500
95 600
Net drawn on overdraft facilities 31 December
(35 245)
(15 094)
Locked-in bank deposits 31 December
Security for tax withholding
148
152
Security for factoring receivables
10 811
10 650
Security for rent guarantee
8 227
7 993
Total
19 186
18 795
Kitron ASA has established a group account agreement with the company’s principal banks. This embrace
Kitron ASA and Norwegian and Swedish subsidiaries.
Note 15 Inventories
Note 16 Cash, Cash Equivalents and Bank Overdraft