JOTUN A/S
59
Notes to the parent company
financial statements
Accounting principles
* Accounting policies 60
Income statement items
1 Operating revenue 60
2 Payroll expenses 61
3 Pensions and other long-term employee benefits 62
4 Other operating expenses and net financial items 63
5 Income tax 64
Balance sheet items
6 Intangible assets 66
7 Property, plant and equipment 67
8 Inventories 67
9 Provisions 68
Financial instruments
10 Financial and commercial risk management 68
11 Trade and other receivables 70
12 Intercompany balances with subsidiaries, joint ventures
and associated companies 70
13 Funding and borrowings 71
14 Other current liabilities 71
Equity and subsidiaries information
15 Share capital and shareholder information 72
16 List of subsidiaries 74
17 Shares in joint ventures and associated companies 76
18 Financial investments 76
Other matters
19 Contingent liabilities 77
20 Contractual obligations and guarantees 77
21 Leases 78
22 Related parties 78
23 Standard issued but not yet effective 79
24 Events after the balance sheet date 79