Page 32 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
32
Kitron annual report 2011
Income statement information
(Amounts in NOK 1000)
2011
2010
Revenue
-
5 936
Expenses
(1 369)
(10 947)
Profit (loss) before income tax
(1 369)
(5 011)
Tax
383
2 625
Profit (loss) after income tax
(986)
(2 386)
Post tax loss on disposal of discontinued operations
-
(4 364)
Profit (loss) from discontinued operations
(986)
(6 750)
Cash flow statement information
(Amounts in NOK 1000)
2011
2010
Net cash flow from operating activities
-
(409)
Net cash flow from investment activities
-
-
Net cash flow from financing activities
-
-
Change in cash and bank credit
-
(409)
Cash and bank credit opening balance
-
409
Cash and bank credit closing balance
-
-
Discontinued operations
In June 2009 the Kitron Group sold Kitron Microelectronics AS. Loss on discontinued operations in 2011 is
related to receivables tied to a loan Norbitech AS had to Kitron ASA. For 2010 the result is shown after tax and
the tax effect is shown separately. This to be comparable with 2011. In 2010 Kitron divested its development
department. For the financial accounts in 2010 the development department is recognised as discontinued
operations. At the end of both years there are no disposal groups of assets and liabilities held for sale.
Share capital and share premium reserve
Number of shares
Ordinary
(Amounts in NOK 1000)
(thousands)
shares
Premium
Total
At 1 January 2010
172 962
172 962
456 058
629 020
At 31 December 2010
172 962
172 962
456 058
629 020
At 31 December 2011
172 962
172 962
456 058
629 020
Shares and shareholder information
The company’s share capital at 31 December 2011 comprised 172,961,625 shares with a nominal value of
NOK 1 each. Each share carries one vote. There were 2,850 shareholders at 31 December 2011.
Note 17 Assets of disposal group classified as held for sale
and discontinued operations
Note 18 Share capital and premium