STATEMENT OF FINANCIAL POSITION VEIDEKKE GROUP AT 31 DECEMBER

(Figures in MNOK)	Note	2009	2008	2007

ASSETS

Non-current assets
Goodwill	8, 11	523.0	556.6	504.2
Other intangible assets	9	26.7	26.8	-
Deferred tax assets	22	79.3	35.9	45.6
Buildings, sites	10	510.5	576.4	495.2
Machinery etc.	10	1 206.2	1 200.0	927.3
Investments in associated companies and joint ventures	12	644.1	672.6	427.7
Financial assets	14	317.1	303.2	405.4
Total non-current assets		3 306.9	3 371.5	2 805.4

Current assets
Non-residential projects	15	465.8	269.9	73.6
Residential projects	16	1 257.3	1 481.4	1 297.0
Stocks	17	265.9	322.5	273.1
Accounts receivable	18	2 160.0	2 846.7	3 743.1
Other receivables		179.4	319.6	234.7
Cash and cash equivalents	19	144.1	354.0	272.4
Total current assets		4 472.5	5 594.1	5 893.9

Total assets		7 779.4	8 965.6	8 699.3


EQUITY AND LIABILITIES

Equity
Share capital	20	66.9	68.0	70.1
Other equity		1 951.5	2 021.0	2 182.3
Non-controlling interests		35.3	24.9	33.5
Total equity		2 053.7	2 113.9	2 285.9

Long-term liabilities
Pension liability	21, 35	310.8	252.8	259.8
Deferred tax	22	114.0	87.7	214.9
Debts to credit institutions	23	305.6	884.4	457.9
Other long-term liabilities	23	45.6	114.7	110.8
Total long-term liabilities		776.0	1 339.6	1 043.4

Short-term liabilities
Debts to credit institutions	24	1.1	0.4	163.2
Creditors	25	2 496.4	2 535.5	3 030.6
Unpaid government charges		309.7	425.6	422.7
Warranty provisions etc.	26	839.9	964.3	620.8
Payable tax	22	126.9	290.1	152.5
Other short-term liabilities	25	1 175.7	1 296.2	980.2
Total short-term liabilities		4 949.7	5 512.1	5 370.0

Total equity and liabilities		7 779.4	8 965.6	8 699.3

Annual Report 2009