CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(NOK million) Note 31.12.2021 31.12.2020
ASSETS
Non-current assets
Deferred tax assets 5.1 386 358
Other intangible assets 3.2 765 741
Property, plant and equipment 3.3, 5.4 7 612 6 985
Investments in associates and joint ventures 5.5 1 419 1 598
Share investments 5.9 9 16
Other non-current financial receivables 4.1, 5.9 67 65
Total non-current assets 10 257 9 762
Current assets
Inventories 3.4 4 034 2 877
Trade and other receivables 3.5, 5.9 5 753 4 979
Cash and cash equivalents 4.2, 5.9 3 388 2 956
Total current assets 13 175 10 812
Total assets 23 432 20 574
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(NOK million) Note 31.12.2021 31.12.2020
EQUITY AND LIABILITIES
Equity
Share capital 5.8 103 103
Other equity 12 014 10 699
Non-controlling interests 352 326
Total equity 12 468 11 128
Non-current liabilities
Pension liabilities 5.2 296 243
Deferred tax liabilities 5.1 73 62
Provisions 3.7 188 314
Interest-bearing debt 4.1, 5.9 2 995 3 007
Other non-current liabilities 15 50
Total non-current liabilities 3 567 3 675
Current liabilities
Interest-bearing debt 4.1 2 266 1 528
Trade payables 5.9 2 926 2 334
Tax payable 5.1 227 259
Other current liabilities 3.6, 3.7, 5.9 1 979 1 650
Total current liabilities 7 398 5 771
Total liabilities 10 964 9 446
Total equity and liabilities 23 432 20 574
Sandefjord, Norway, 15 February 2022
The Board of Directors
Jotun A/S
Morten Fon
President & CEO
Odd Gleditsch d.y.
Chairman
Jannicke Nilsson
Einar Abrahamsen
Nicolai A. Eger
Bjørg Engevik Nilsen
Camilla Hagen Sørli
Terje Andersen
Per Kristian Aagaard
Jotun Group
Jotun Annual Report 2021 I 17