Tag Archives: Notes konsern 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 2 – SHIPPING ACTIVITY

A B C D E F G H I J K NOTE 2 – SHIPPING ACTIVITY                       SHARE IN VESSELS INCLUDED UNDER THE EQUITY METHOD OF ACCOUNTING Company Owner-ship Acquisition … Continue reading

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NOTE 18 – TREASURY SHARES

A B C D E F NOTE 18 – TREASURY SHARES             As of 31.12.2015 Solvang ASA had shareholdings of 202 184 treasury sahares, booked at NOK 376 533.The purpose for buy back of own … Continue reading

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NOTE 3 – AFFILIATED COMPANIES

A B C D E F G H I J K L NOTE 3 – AFFILIATED COMPANIES AFFILIATED COMPANIES INCLUDED UNDER THE EQUITY METHOD OF ACCOUNTING Company Ownership Acquisition cost Equity at acquisition Opening balance 01.01.2015 Share of net profit … Continue reading

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NOTE 4 – FINANCIAL INCOME

A B C NOTE 4 – FINANCIAL INCOME         2015 2014   Interest income 80 137 Interest received from group companies 0 232 Gain on sale of shares 0 2 412 Increase in market value of current … Continue reading

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NOTE 5 – FINANCIAL EXPENSES

A B C NOTE 5 – FINANCIAL EXPENSES         2015 2014   Interest and banking expenses 255 191 Interest group companies 0 3 002 Loss on sale of shares 769 0 Decrease in market value of current … 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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