Note 12 – Restricted cash

Restricted cash includes:

(In US$ millions)	December 31, 2012		December 31, 2011

CIRR deposits (see Note below)		270		298
Margin calls related to share forward agreements		69		137
Restricted deposit related to loan facility		5		5
Tax withholding deposits		58		42
Total restricted cash		402		482
Long-term restricted cash (related to CIRR deposits and loan facility)		218		250
Short-term restricted cash		184		232

Note: CIRR deposits are cash deposited with commercial banks, which match Commercial Interest Reference Rate ("CIRR") loans from Exportfinans ASA, the Norwegian export credit agency (see Note 22). The deposits are used to make repayments of the CIRR loans.