Category Archives: Noter mor ENG

NOTE 19 – FINANCIAL MARKET RISK

A B C D E F G NOTE 19 – FINANCIAL MARKET RISK               The company's operations expose the company for currency risk and interest risk, whilst the company only have a very limited … Continue reading

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NOTE 20 – SHARE NEWBUILD CONTRACT

A B C D E F NOTE 20 – SHARE NEWBUILD CONTRACT             In 2015 Solvang ASA signed two shipbuilding contracts with Hyundai Heavy Industries with a total value of MUSD 153.4. The contracts covers … Continue reading

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NOTE 6 – TAX

A B C D E NOTE 6 – TAX                 2015 2014 Ordinary income/loss before tax 1 334 11 546 Permanent differences related to shares 805 -2 779 Permanent differences 176 210 Permanent … Continue reading

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NOTE 7 – SHARES IN SUBSIDIARIES

A B C D E F G NOTE 7 – SHARES IN SUBSIDIARIES   Company name Ownership/ voting rights Share capital Nominal value Number of shares owned Total nominal value Value on balance sheet Clipper Shipping AS 100% 559 316 … Continue reading

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NOTE 8 – PAYROLL EXPENSES

A B C D E F G H NOTE 8 – PAYROLL EXPENSES 2015 2014       Personnel expenses       Salary 30 305 29 517       Employers tax 5 104 4 880       … Continue reading

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NOTE 9 – PENSION COST AND PENSION LIABILITIES

A B C D E F G NOTE 9 – PENSION COST AND PENSION LIABILITIES                   Funded plans The company is obligated to have a pension plan according to the Act on … Continue reading

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NOTE 10 – RELATED PARTIES

A B C D E NOTE 10 – RELATED PARTIES           The shipping companies where Solvang has an ownership share of more than 15% and companies where the Steensland family have control are regarded as related … Continue reading

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NOTE 11 – RESTRICTED BANK DEPOSIT

A B C D E F G H NOTE 11 – RESTRICTED BANK DEPOSIT                       In connection with payment of payroll withholding tax, the company has a restricted bank deposit … Continue reading

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NOTE 12 – EARNINGS PER SHARE

A B C D   NOTE 12 – EARNINGS PER SHARE                 2015 2014   Profit / loss for the year (numerator) 581 613 9 147 788   Average number of shares outstanding … Continue reading

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NOTE 14 – RECEIVABLES

A B C D E NOTE 14 – RECEIVABLES           Debtors consist mainly of receivables from shipping partnerships. None of the receivables is falling due more than one year after the end of the fiscal year. … Continue reading

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