Norsk Hydro ASA (the parent company) had net income of NOK 2,613 million in 2011 compared with a net income of NOK 1,712 million in 2010.
Hydro's board of directors proposes to pay a dividend of NOK 0.75 per share for 2011 reflecting the company's strong commitment to provide a cash return to its shareholders. The dividend reflects our operational performance for 2011 and a strong financial position, and takes into consideration the uncertain market outlook.
Unrestricted equity after the proposed dividend payment amounted to NOK 28,013 million at the end of the year.
According to Section 3-3 of the Norwegian Accounting Act, the board of directors confirms that the financial statements have been prepared on the assumption of a going concern.
