Financial Statement 2019 - GC Rieber Group

PROFIT AND LOSS STATEMENT

NOK 1 000.

Kategori Underkategori isSum Beskrivelse NOTE 2019 2018

Operating income and expences

Operating income and expences Operating income 4 1 781 061 1 844 797
Operating income and expences Other operating income 133 658 100 351
Operating income and expences Gains (losses) on sale of fixed assets 6 103 703 582
Operating income and expences 1 Total operating income 2 018 423 1 945 730
Operating income and expences Cost of sales 8 808 902 947 751
Operating income and expences Payroll expense 5,15,26 355 572 333 476
Operating income and expences Depreciation of fixed assets and intangible assets 6,7 246 274 231 825
Operating income and expences Write-down of fixed assets and intangible assets 6,7 2 372 -52 206
Operating income and expences Other operating expenses 26 388 676 398 992
Operating income and expences 1 Total operating expenses 1 801 796 1 859 838
Operating income and expences
Operating income and expences 1 Operating profit 216 627 85 892

Financial income and expenses

Financial income and expenses Profit (loss) from investments in associated companies 11,12 12 391 -90 900
Financial income and expenses Profit (loss) from disposal of subsidiaries 3 242 255 310 254
Financial income and expenses Interest income 9 145 5 192
Financial income and expenses Other financial income 25 42 157 32 032
Financial income and expenses Currency gain (loss) 3 848 -4 114
Financial income and expenses Profit (loss) from financial current assets 14 29 342 -21 898
Financial income and expenses Write-down of financial non-current assets 15 125 1 680
Financial income and expenses Interest expense -111 983 -99 534
Financial income and expenses Other financial expense 25 -24 486 -25 408
Financial income and expenses 1 Net financial income and expenses 217 794 107 304
Financial income and expenses
Financial income and expenses 1 Profit before tax 434 421 193 196
Financial income and expenses
Financial income and expenses Income tax expense 16 -36 187 -24 621
Financial income and expenses
Financial income and expenses 1 Profit for the year 398 234 168 575
Financial income and expenses
Financial income and expenses Non-controlling interests 13 768 44 623
Financial income and expenses Controlling interests 384 466 123 952

STATEMENT OF FINANCIAL POSITION - ASSETS

NOK 1 000.

Kategori Underkategori isSum Beskrivelse NOTE 31.12.2019 31.12.2018

Non-current assets

Intangible assets

Non-current assets Intangible assets Intangible assets 7 9 295 17 673
Non-current assets Intangible assets Deferred tax asset 16 64 072 87 366
Non-current assets Intangible assets Goodwill 7 15 288 32 908
Non-current assets Intangible assets 1 Total intangible assets 88 656 137 946

Tangible non-current assets

Non-current assets Tangible non-current assets Land and buildings 1 728 199 1 757 328
Non-current assets Tangible non-current assets Plant and machinery 334 748 265 346
Non-current assets Tangible non-current assets Vessels and newbuilding contracts 1 689 242 1 770 606
Non-current assets Tangible non-current assets Operating equipment 62 707 68 459
Non-current assets Tangible non-current assets 1 Total tangible non-current assets 6,24 3 814 896 3 861 739

Financial non-current assets

Non-current assets Financial non-current assets Investments in associated companies and joint ventures 11,12 947 458 937 005
Non-current assets Financial non-current assets Loans to associated companies and joint ventures 22 24 483 17 275
Non-current assets Financial non-current assets Investments in shares and equity funds 13 28 284 19 244
Non-current assets Financial non-current assets Plan assets 15 0 986
Non-current assets Financial non-current assets Other long-term receivables 20 2 534 7 240
Non-current assets Financial non-current assets 1 Total financial non-current assets 1 002 759 981 749
Non-current assets Financial non-current assets
Non-current assets Financial non-current assets 1 Total non-current assets 4 906 310 4 981 435

Current assets

Current assets Inventory 8,9,24 291 269 305 612

Receivables

Current assets Receivables Accounts receivable 10,24 246 911 304 647
Current assets Receivables Other receivables 67 749 104 317
Current assets Receivables 1 Total receivables 314 661 408 964

Investments

Current assets Investments Financial shares 14 284 324 214 794
Current assets Investments Financial bonds 14 559 112 414 391
Current assets Investments Other current financial assets 14 13 944 14 546
Current assets Investments 1 Total investments 857 380 643 730
Current assets
Current assets Cash and bank deposits 19 638 302 421 399
Current assets
Current assets 1 Total current assets 2 101 611 1 779 706
Current assets
Current assets 1 Total assets 7 007 922 6 761 141

STATEMENT OF FINANCIAL POSITION - EQUITY AND LIABILITIES

NOK 1 000.

Kategori Underkategori isSum Beskrivelse NOTE 31.12.2019 31.12.2018

Equity

Restricted equity

Equity Restricted equity Share capital 27 29 400 29 400
Equity Restricted equity Own shares -579 0
Equity Restricted equity Share premium reserve 433 840 433 840
Equity Restricted equity Other restricted equity 574 574
Equity Restricted equity 1 Total restricted equity 463 234 463 814

Retained earnings

Equity Retained earnings Other equity 2 577 550 2 268 521
Equity Retained earnings 1 Total retained earnings 2 577 550 2 268 521
Equity Retained earnings
Equity Retained earnings Non-controlling interests 738 812 737 176
Equity Retained earnings
Equity Retained earnings 1 Total equity 17 3 779 596 3 469 511

Liabilities

Provisions for liabilities

Liabilities Provisions for liabilities Pension liabilities 15 35 514 37 214
Liabilities Provisions for liabilities Other provisions for liabilities 199 225
Liabilities Provisions for liabilities 1 Total provisions for liabilities 35 713 37 439

Other non-current liabilities

Liabilities Other non-current liabilities Liabilities to financial institutions 21,24,25 2 428 902 2 513 790
Liabilities Other non-current liabilities Other non-current liabilities 21,23,28 369 886 332 072
Liabilities Other non-current liabilities 1 Total other non-current liabilities 2 798 788 2 845 862

Current liabilities

Liabilities Current liabilities Liabilities to financial institutions 18,24 57 434 53 560
Liabilities Current liabilities Accounts payable 158 330 181 409
Liabilities Current liabilities Taxes payable 16 14 403 11 227
Liabilities Current liabilities Public duties payable 39 041 39 218
Liabilities Current liabilities Dividends 17 32 609 39 406
Liabilities Current liabilities Other current liabilities 92 008 83 508
Liabilities Current liabilities 1 Total current liabilities 393 825 408 329
Liabilities
Liabilities 1 Total liabilities 3 228 326 3 291 630
Liabilities
Liabilities 1 Total equity and liabilities 7 007 922 6 761 141

Bergen, 02 April 2020

 

 

Camilla Grieg
Chair

Per Otto Dyb
Deputy Chair

Søren Martens
Board Member

Henriette Rieber
Board Member

Marianne Wik Sætre
Board Member

Paul Chr. Rieber
CEO

STATEMENT OF CASH FLOW

NOK 1 000.

Kategori Underkategori isSum Beskrivelse 2019 2018

a) cash flow from operations

a) cash flow from operations Profit before tax 434 421 193 196
a) cash flow from operations Taxes paid -11 147 -7 402
a) cash flow from operations Loss/gain on sale of fixed assets -103 703 -582
a) cash flow from operations Loss/gain on disposal of subsidiaries -242 255 -310 254
a) cash flow from operations Depreciation 246 274 231 825
a) cash flow from operations Write-down of non-current assets -12 753 -53 886
a) cash flow from operations Profit/loss from investments in associated companies -12 391 90 900
a) cash flow from operations Interest received -9 145 -5 192
a) cash flow from operations Interest paid 111 983 99 534
a) cash flow from operations Change in inventory 14 344 -16 282
a) cash flow from operations Change in accounts receivable 57 736 35 508
a) cash flow from operations Change in accounts payable -23 080 -11 960
a) cash flow from operations Change in pensions -263 -550
a) cash flow from operations Change in non-current receivables -2 502 61 985
a) cash flow from operations Loss (profit) from financial current assets -29 342 21 898
a) cash flow from operations Unrealized currency loss (gain) 1 940 -114
a) cash flow from operations Change in other accruals 83 659 -44 913
a) cash flow from operations 1 Net cash flow from operations 503 775 283 710

b) cash flow from investments

b) cash flow from investments Investments in tangible non-current assets and intangible assets -481 409 -275 808
b) cash flow from investments Investments in subsidiaries -49 352 0
b) cash flow from investments Sale of tangible non-current assets (selling price) 136 511 4 669
b) cash flow from investments Sale of shares in subsidiaries (selling price) 343 346 0
b) cash flow from investments Interest received 9 145 5 192
b) cash flow from investments Investments in other shares/securities -440 042 -755 830
b) cash flow from investments Sale of other shares/securities 430 430 599 544
b) cash flow from investments 1 Net cash flow from investments -51 372 -422 233

c) cash flow from financing activities

c) cash flow from financing activities Cash from new long-term debts 50 666 1 164 636
c) cash flow from financing activities Repayment of long-term debts -150 762 -836 731
c) cash flow from financing activities Net change in other non-current liabilities 37 815 -43 903
c) cash flow from financing activities Net change in credit facilities 3 874 -55 910
c) cash flow from financing activities Interest paid -111 983 -99 534
c) cash flow from financing activities Acquisition/disposal of own shares -26 933 0
c) cash flow from financing activities Paid-in capital 4 000 51 066
c) cash flow from financing activities Dividends paid -39 406 -36 770
c) cash flow from financing activities 1 Net cash flow from financing activities -232 729 142 854
c) cash flow from financing activities
c) cash flow from financing activities 1 Net change in cash and cash equivalents (a+b+c) 219 673 4 331
c) cash flow from financing activities
c) cash flow from financing activities 1 Cash and cash equivalents at the beginning of the period 421 399 414 110
c) cash flow from financing activities Currency gain (loss) on cash and cash equivalents -2 771 2 958
c) cash flow from financing activities 1 Cash and cash equivalents at the end of the period 638 302 421 399