Financial review
BALANCE SHEET
as per 31 December
(Amounts in NOK million)
DET NORSKE VERITAS FOUNDATION 2004
2003
DET NORSKE VERITAS GROUP
2002
EQUITY AND LIABILITIES
Note
2004
2003
2002
283.5
283.5
283.5
283.5
283.5
283.5
Equity Paid-in capital Foundation capital
321.9
326.6
321.8
Retained earnings Other equity
2 826.3
2 680.5
2 372.9
0.0
0.0
0.0
Minority interests
9.2
0.0
0.0
605.4
610.1
605.3
16
3 119.0
2 964.0
2 656.4
6 9
323.2 14.3 97.2
310.6 24.2 149.7
283.6 48.7 116.5
434.7
484.5
448.8
0.0
0.0
344.9
0.0
0.0
344.9
0.0 147.5 92.5 204.9 660.0
7.8 139.9 101.6 167.7 703.4
2.1 147.6 12.9 151.6 616.2
Total equity
0.0 0.0 16.8
0.0 0.0 16.7
0.0 0.0 16.6
Liabilities Provisions Pension liabilities Deferred tax Other provisions
16.8
16.7
16.6
Total provisions
0.0
0.0
280.0
Other long-term liabilities Bank loans
0.0
0.0
280.0
Total other long-term liabilities
0.0 0.1 6.1 0.0 1.8
0.0 0.1 5.3 0.1 1.9
0.0 0.0 5.0 0.0 4.1
Current liabilities Overdrafts Trade creditors Tax payable Public duties payable Other short-term liabilities
8.0
7.4
9.1
Total current liabilities
1 104.9
1 120.4
930.4
24.8
24.1
305.7
Total liabilities
1 539.6
1 604.9
1 724.1
630.2
634.2
911.0
TOTAL EQUITY AND LIABILITIES
4 658.6
4 568.9
4 380.5
14
THE BOARD OF DIRECTORS OF DNV Høvik, 14 April 2005
ATLE BERGSHAVEN Chairman
AUDUN BRANDSÆTER
BENTE RATHE
C. MAURY DEVINE
AXEL C. EITZEN
TOM RUUD
KNUT VÅGNES
JOHN H. WIIK
UNNI M. AAGEDAL
MIKLOS KONKOLY-THEGE President and Chief Executive Officer
55