Page 37 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
Financial lease agreements, non-current assets
(Amounts in NOK 1 000)
2011
2010
Machinery and equipment
Carrying amount 31 December
58 294
68 975
Depreciation
7 808
8 419
Nominal rent
51 555
52 299
Present value of future rent
45 811
48 354
Remaining lease period
1-5 years
1-5 years
Specification of estimated lease payments falling due within:
Nominal rent
<1 year
16 455
15 681
1-2 years
12 928
13 002
3-5 years
22 172
23 617
Present value of future rent
<1 year
16 132
15 549
1-2 years
12 013
12 201
3-5 years
17 666
20 604
Deferred tax is recognised net when the group has a legal right to net deferred tax assets against deferred tax
in the balance sheet and if the deferred tax is payable to the same tax authority.
2011
2010
Deferred tax asset:
Deferred tax asset to be recovered after more than 12 months
94 627
95 847
Deferred tax liability:
Deferred tax liability to be recovered after more than 12 months
1 121
1 200
Deferred tax asset (net)
93 506
94 647
Change in carrying amount of deferred tax asset:
2011
2010
Opening balance
94 647
98 981
Conversion differences
(182)
2 070
Profit and loss account
(1 342)
(9 029)
Deferred tax from disposal group
383
2 625
Closing balance
93 506
94 647
Note 22 Deferred income tax