• Print-friendly Annual Report:       English (size 912 KB)                         Part I     Part II     • Market for Schlumberger’s Common Stock and Related Stockholder Matters     • Selected Financial Data     • Management’s Discussion and Analysis of Financial Condition and Results of Operations     • Quantitative and Qualitative Disclosures About Market Risk     • Financial Statements and Supplementary Data       Consolidated Statement of Income       Consolidated Balance Sheet       Consolidated Statement of Cash Flow       Consolidated Statement of Stockholders' Equity       Shares of Common Stock     Notes to Consolidated Financial Statements       Report of Independent Auditors       Quarterly Results     • Changes in and Disagreements with Accountants on Account and Financial Disclosures     • Controls and Procedures     Part III     Part IV		Print friendly pdf of Form 10-K Part II Part II   Item 8    Notes to Consolidated Financial Statements   11.   Assets held for sale and Liabilities held for sale On September 22, 2003, Schlumberger announced the signing of an agreement, with Atos Origin, for the sale of its SchlumbergerSema business. On January 29, 2004 the sale transaction was completed. In accordance with generally accepted accounting principles, the assets and liabilities which will be eliminated from the Schlumberger Consolidated Balance Sheet subsequent to the sale have been aggregated and presented on the Consolidated Balance Sheet at December 31, 2003 as Assets held for sale ($3.24 billion) and Liabilities held for sale ($1.22 billion). An analysis of the Assets and Liabilities held for sale is as follows: (Stated in millions)     Assets held for sale     Receivables $ 978 Inventories   37 Other current assets   159 Fixed assets   481 Goodwill   1,334 Intangible assets   158 Deferred taxes   35 Other assets   56   $ 3,238 Liabilities held for sale     Accounts payable and accrued liabilities $ 1,066 Liability for taxes on income   14 Other liabilities   133 Minority interest   5   $ 1,218     Go to Part II, Item 8, Notes: 12. Fixed Assets