Non-controlling interests consist of external ownership interests in subsidiaries and their subsidiaries. As shown by the figures, most of the Group’s businesses are wholly-owned.
| Amounts in NOK million | 2011 | 2010 | 2009 |
|---|---|---|---|
| Non-controlling interests’ share of: | |||
| Depreciation and write-downs | 32 | 30 | 95 |
| Operating profit | 80 | 83 | 28 |
| Profit/loss before taxes1 | 69 | 67 | (50) |
| Taxes1 | (16) | (9) | 24 |
| Changes in non-controlling interests: | |||
| Non-controlling interests’ 1 January | 365 | 370 | |
| Non-controlling interests’ share of profit/loss1 | 48 | 53 | |
| Increase due to acquisitions | 4 | 38 | |
| Decrease due to further acquisitions of non-controlling interests | (48) | (28) | |
| Dividends to non-controlling interests | (22) | (66) | |
| Translation differences etc. | 0 | (2) | |
| Discontinued operations | (67) | 0 | |
| Non-controlling interests’ 31 December | 280 | 365 | |
| Non-controlling interests relating to: | |||
| Orkla Brands | 79 | 76 | |
| Sapa | 34 | 61 | |
| Borregaard Chemicals | 14 | 16 | |
| Hydro Power | 116 | 116 | |
| Orkla Financial Investments | 37 | 33 | |
| Discontinued operations | 0 | 63 | |
| Total non-controlling interests | 280 | 365 |
1 The variance between pre-tax profit less tax and non-controlling interests’ share of profit is ascribable to the amortisation of premium (NOK 5 million).