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 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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NOTE 15 – LIABILITIES

A B C D E F NOTE 15 – LIABILITIES                       Solvang ASA has a credit facility of NOK 60 million. The facility provides the ability to draw in both … Continue reading

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NOTE 16 – AREAS OF OPERATION

A B C D E F G NOTE 16 – AREAS OF OPERATION               Since practically all of the company's ship ownership was sold to the subsidiary Clipper Shipping AS in December 2007, the … Continue reading

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NOTE 17 – EQUITY

A B C D E F G NOTE 17 – EQUITY Solvang ASA Share capital Treasury shares Reserve for valuation differences Other Equity Total equity             Equity as of 31.12.2012 0 0 0 0 0 … Continue reading

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NOTE 13 – TANGIBLE FIXED ASSETS

A B C D E F G NOTE 13 – TANGIBLE FIXED ASSETS                         Software and office equipment Furniture and fixtures Non depreciable assets 2015 2014 Acquisition costs 01.01 … Continue reading

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