Non-controlling (Minority) interests
| NOK in millions | Minority share in % 31.12.06 |
Minority part of net income (loss) 2006 |
Minority part of net income (loss) 2005 |
Minority part of net income (loss) 2004 |
Minority interests in the balance sheet 31.12.06 |
Minority interests in the balance sheet 31.12.05 | |
|---|---|---|---|---|---|---|---|
| Kyivstar GSM JSC, | 43.5 | 1 5181) | 827 | 588 | - | 2 348 | |
| DiGi bhd | 39.0 | 537 | 288 | 187 | 1 274 | 1 645 | |
| Grameenphone Ltd. | 38.0 | 372 | 219 | 410 | 891 | 648 | |
| DTAC/UCOM | 22.3/10.6 | 195 | 42 | - | 1 444 | 1 345 | |
| EDB Business Partner ASA | 48.5 | 73 | 89 | 111 | 873 | 856 | |
| Telenor Venture IV AS | 49.0 | (24) | 5 | - | 131 | 155 | |
| Other | - | (56) | 18 | 24 | 122 | 137 | |
| Total | 2 6151) | 1 488 | 1 320 | 4 735 | 7 134 | ||
| Total excluding Kyivstar | 1 097 |
1) Unaudited
During the year of 2006, Telenor increased its economic stake in DTAC and UCOM by 2.7% and 3.2% respectively. Telenor Venture II ASA, reported in the line “other”, was sold during the fourth quarter in 2006.In connection with the sale of Telenor Venture II ASA, Telenor Broadcast Holding AS received an option to acquire the remaining 10% of the shares in Conax AS, for an amount of NOK 95 million. The option can be exercised in the period 1 October 2007 to 1 November 2007 (Telenor Broadcast Holding AS currently owns 90% of the shares in Conax AS).
In the third quarter of 2005, Telenor sold 29.0% of the shares in the subsidiary Telenor Venture IV AS. During the fourth quarter of 2005, Telenor increased its economic stake in the previously associated companies DTAC and UCOM. See note 1 for further information.