Group balance sheet

(USD 1 000)

ASSETS AS PER 31.12.	Note	2008	2007	2006
NON-CURRENT ASSETS
Goodwill	14	10 460	10 663	10 327
Real estate	9	37 172	29 940	27 856
Ships	9	1 348 251	1 462 880	1 362 028
Newbuilding contracts	9	113 349	41 101	61 792
Tank terminals	9	633 782	480 539	340 188
Office equipment and cars	9	23 328	17 629	9 392
Investments in associates	4	1 488	1 402	1 299
Non-current receivables	16	58 302	3 748	2 078
Total non-current assets		2 226 130	2 047 902	1 814 959
CURRENT ASSETS
Current receivables	17	146 779	137 275	113 670
Bunkers and other inventories	18	18 621	27 337	16 496
Derivative financial instruments	24	-	1 606	1 675
Available-for-sale investments	16	89 068	66 769	77 137
Cash and cash equivalents	19	104 263	97 947	165 287
Total current assets		358 731	330 935	374 264
Total assets		2 584 862	2 378 837	2 189 223
EQUITY AND LIABILITIES AS PER 31.12
	Note	2008	2007	2006
EQUITY
Share capital	20	29 425	29 425	29 425
Treasury shares	20	-	( 1 170)	( 1 123)
Share premium	20	53 504	53 504	53 504
Other equity		632 137	584 591	620 379
Minority interests		5 792	6 207	5 517
Total equity		720 859	672 558	707 702
NON-CURRENT LIABILITIES
Deferred tax liabilities	12	26 992	22 581	23 227
Pension liabilities	21	15 851	20 454	17 363
Non-current interest bearing debt	22	1 420 793	1 189 497	1 181 804
Other non-current liabilities	23	76 325	130 780	2 656
Total non-current liabilities		1 539 962	1 363 312	1 225 050
CURRENT LIABILITIES
Current portion of interest bearing debt	22	79 626	157 348	111 582
Taxes payable		17 544	20 439	3 158
Employee taxes payable		7 898	6 939	5 503
Derivative financial instruments	24	89 324	6 501	1 696
Other current liabilities	25	129 650	151 740	134 533
Total current liabilities		324 042	342 967	256 472
Total equity and liabilities		2 584 862	2 378 837	2 189 223