Consolidated Balance Sheet
Telenor Group at 31 December

NOK in millions	Note	2005	2004
Assets
Deferred tax assets	14	3 052	3 357
Goodwill	16	20 700	13 354
Other intangible assets	16	21 245	11 076
Property, plant and equipment	16	43 958	37 543
Associated companies	18	7 424	6 602
Financial non-current assets	20	2 267	1 249
Total non current assets		98 646	73 181
Current tax assets		110	207
Inventories		695	596
Trade and other receivables	19	13 852	11 487
Other financial current assets	20	3 619	844
Assets held for sale	1	667	-
Cash and cash equivalents	29	6 806	5 081
Total current assets		25 749	18 215
Total assets		124 395	91 396
Equity and liabilities
Equity attributable to equity holders of Telenor ASA		46 399	40 122
Non-controlling interests (Minority interests)		7 134	3 946
Total equity		53 533	44 068
Liabilities
Non-current interest-bearing financial liabilities	22	27 139	20 602
Non-current non-interest-bearing financial liabilities		580	573
Deferred tax liabilities	14	2 669	2 292
Provisions etc.	21	3 368	3 188
Total non-current liabilities		33 756	26 655
Current interest-bearing financial liabilities	22	11 908	3 991
Trade and other payables	24	20 827	15 175
Current tax liabilities		853	321
Current non-interest bearing financial liabilities	24	2 314	431
Liabilities held for sale	1	287	-
Provisions etc.	21	917	755
Total current liabilities		37 106	20 673
Total equity and liabilities		124 395	91 396