JOTUN GROUP
19
Notes to the consolidated
financial statements
Accounting principles
* Summary of significant accounting policies 20
1 Significant accounting judgments, estimates and assumptions 26
Income statement items
2 Operating revenue 27
3 Investments in associated companies and joint ventures 28
4 Payroll expenses 31
5 Pensions and other long-term employee benefits 32
6 Other operating expenses and net financial items 34
7 Tax 35
Balance sheet items
8 Intangible assets 37
9 Property, plant and equipment 38
10 Inventories 39
11 Provisions 39
Financial instruments
12 Financial and commercial risk management 40
13 Overview of financial instruments 42
14 Trade and other receivables 44
15 Cash and cash equivalents 45
16 Funding and borrowings 46
17 Other current liabilities 47
Equity and subsidiaries information
18 Share capital and shareholder information 48
19 List of subsidiaries 50
Other matters
20 Contingent liabilities 51
21 Contractual obligations and guarantees 52
22 Leases 52
23 Related parties 53
24 Standards issued but not yet effective 54
25 Events after the balance sheet date 54