Consolidated Balance Sheet

NOK million	Note no.	IFRS 30 June 2025	IFRS 30 June 2024	IFRS 31 December 2024
Assets
Non-current assets
Tangible fixed assets	2	792.0	788.4	773.2
Investment property		157.0	157.0	157.0
Intangible assets	2	16.4	19.4	18.0
Deferred tax assets	5	1.7	1.8	1.3
Long-term derivatives and power contracts	6	13.3	45.7	24.9
Investment in associate (financial investment before 9 March 2023)	12	1,259.0	1312.5	1157.5
Other long-term receivables		0.3	0.4	0.2
Total non-current assets		2,239.6	2,325.1	2,132.1
Current assets
Inventories		416.1	373.8	362.4
Customer and other short-term receivables		412.1	324.8	358.8
Short-term derivatives and power contracts	6	15.9	33.8	7.2
Cash and cash equivalents		27.6	28.0	51.4
Total current assets		871.7	760.4	779.7
Total assets		3,111.3	3,085.6	2,911.8
Equity
Shareholder's equity
Share capital and share premium	4	52.7	52.7	52.7
Other equity not recognised in P&L		31.7	0.2	26.0
Retained earnings		950.1	1,045.2	833.8
Total equity		1,034.5	1,098.1	912.5
Liabilities
Non-current liabilities
Long-term loans	10	797.9	754.9	816.7
Long-term leasing obligations	10	52.0	53.4	41.4
Deferred tax	5	106.0	115.6	104.5
Total non-current liabilities		955.9	923.9	962.6
Current liabilities
Trade payables and other current liabilities		496.0	465.0	463.6
Tax payable	5	7.5	5.9	14.0
Short-term loans	10	597.0	570.7	537.8
Short-term leasing obligations	10	20.4	22.0	21.3
Total current liabilities		1,120.9	1,063.6	1,036.7
Total liabilities		2,076.8	1,987.5	1,999.3
Total equity and liabilities		3,111.3	3,085.6	2,911.8
Of which net interest-bearing debt (long-term and short-term) incl. leasing obligations and sale leaseback	10	1,439.9	1,373.0	1,365.8
Of which net interest-bearing debt (long-term and short-term) ex. leasing obligations and sale leaseback	10	1,133.3	1,072.6	1,074.1

Interim report Q2 2025People Green Innovation Technology

Consolidated Balance Sheet