THE BALANCE SHEET
At the close of 2011, the Group had total balance sheet assets of NOK 16.3 billion (NOK 16.5 billion). Non-current assets constitute the largest component at NOK 12.5 (NOK 12.8) billion. The carrying amount of the Group’s goodwill and other intangible assets was NOK 9.6 billion (9.7 billion).
The carrying amount of the goodwill and intangible assets not depreciated was valued as at 31 December 2011. In 2011 goodwill was impaired by NOK 121 million (NOK 77 million) and intangible assets by NOK 64 million (NOK 15 million).
Schibsted's holding of treasury shares, acquired under the current authorisation from the Annual General Meeting to increase the number of treasury shares to 10,800,361 during a period of 12 months, is reduced from 4,230,440 shares to 1,061,958 shares during 2011. Net purchase of treasury shares amounts to NOK 159 million (1,092,693 shares) in 2011. 4,261,157 treasury shares are in addition used as part payment when increasing the ownership interest in Media Norge and as payment in connection with performance-based share purchase programme. Total value of treasury shares used for these purposes is NOK 693 million.