Financial Statement 2020 - GC Rieber Group

PROFIT AND LOSS STATEMENT

NOK 1 000.

 

Notes in Norwegian only.

Kategori Underkategori isSum Beskrivelse NOTE 2020 2019

Operating income and expences

Operating income and expences Operating income 4 1 690 218 1 781 061
Operating income and expences Other operating income 119 206 133 658
Operating income and expences Gains (losses) on sale of fixed assets 6 844 103 703
Operating income and expences 1 Total operating income 1 810 268 2 018 423
Operating income and expences Cost of sales 8 764 736 808 902
Operating income and expences Payroll expense 5,15,26 373 372 355 572
Operating income and expences Depreciation of fixed assets and intangible assets 6,7 238 348 246 274
Operating income and expences Write-down of fixed assets and intangible assets 6,7 443 135 2 372
Operating income and expences Other operating expenses 26 357 369 388 676
Operating income and expences 1 Total operating expenses 2 176 959 1 801 796
Operating income and expences
Operating income and expences 1 Operating profit -366 691 216 627

Financial income and expenses

Financial income and expenses Profit (loss) from investments in associated companies 11,12 53 260 12 391
Financial income and expenses Profit (loss) from disposal of subsidiaries 3 41 116 242 255
Financial income and expenses Interest income 5 501 9 145
Financial income and expenses Other financial income 25 49 697 42 157
Financial income and expenses Currency gain (loss) -4 681 3 848
Financial income and expenses Profit (loss) from financial current assets 14 33 026 29 342
Financial income and expenses Write-down of financial non-current assets -318 15 125
Financial income and expenses Interest expense -94 366 -111 983
Financial income and expenses Other financial expense 25 -25 906 -24 486
Financial income and expenses 1 Net financial income and expenses 57 329 217 794
Financial income and expenses
Financial income and expenses 1 Profit before tax -309 363 434 421
Financial income and expenses
Financial income and expenses Income tax expense 16 -20 670 -36 187
Financial income and expenses
Financial income and expenses 1 Profit for the year -330 033 398 234
Financial income and expenses
Financial income and expenses Non-controlling interests -97 996 13 768
Financial income and expenses Controlling interests -232 037 384 466

STATEMENT OF FINANCIAL POSITION - ASSETS

NOK 1 000.

Kategori Underkategori isSum Beskrivelse NOTE 31.12.2020 31.12.2019

Non-current assets

Intangible assets

Non-current assets Intangible assets Intangible assets 7 4 750 9 295
Non-current assets Intangible assets Deferred tax asset 16 62 779 64 072
Non-current assets Intangible assets Goodwill 7 8 297 15 288
Non-current assets Intangible assets 1 Total intangible assets 75 825 88 656

Tangible non-current assets

Non-current assets Tangible non-current assets Land and buildings 1 858 748 1 728 199
Non-current assets Tangible non-current assets Plant and machinery 324 120 334 748
Non-current assets Tangible non-current assets Vessels and newbuilding contracts 899 240 1 689 242
Non-current assets Tangible non-current assets Operating equipment 59 679 62 707
Non-current assets Tangible non-current assets 1 Total tangible non-current assets 6,24 3 141 787 3 814 896

Financial non-current assets

Non-current assets Financial non-current assets Investments in associated companies and joint ventures 11,12 942 392 947 458
Non-current assets Financial non-current assets Loans to associated companies and joint ventures 22 25 652 24 483
Non-current assets Financial non-current assets Investments in shares and equity funds 13 35 209 28 284
Non-current assets Financial non-current assets Other long-term receivables 20 10 548 2 534
Non-current assets Financial non-current assets 1 Total financial non-current assets 1 013 801 1 002 759
Non-current assets Financial non-current assets
Non-current assets Financial non-current assets 1 Total non-current assets 4 231 413 4 906 310

Current assets

Current assets Inventory 8,9,24 321 734 291 269

Receivables

Current assets Receivables Accounts receivable 10,24 253 286 246 911
Current assets Receivables Other receivables 139 463 67 749
Current assets Receivables 1 Total receivables 392 748 314 661

Investments

Current assets Investments Financial shares 14 276 962 284 324
Current assets Investments Financial bonds 14 495 915 559 112
Current assets Investments Other current financial assets 14 0 13 944
Current assets Investments 1 Total investments 772 877 857 380
Current assets
Current assets Cash and bank deposits 19 631 196 638 302
Current assets
Current assets 1 Total current assets 2 118 556 2 101 611
Current assets
Current assets 1 Total assets 6 349 969 7 007 922

STATEMENT OF FINANCIAL POSITION - EQUITY AND LIABILITIES

NOK 1 000.

Kategori Underkategori isSum Beskrivelse NOTE 31.12.2020 31.12.2019

Equity

Restricted equity

Equity Restricted equity Share capital 27 29 400 29 400
Equity Restricted equity Own shares -579 -579
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 463 234 463 234

Retained earnings

Equity Retained earnings Other equity 2 302 020 2 577 550
Equity Retained earnings 1 Total retained earnings 2 302 020 2 577 550
Equity Retained earnings
Equity Retained earnings Non-controlling interests 637 239 738 812
Equity Retained earnings
Equity Retained earnings 1 Total equity 17 3 402 494 3 779 596

Liabilities

Provisions for liabilities

Liabilities Provisions for liabilities Pension liabilities 15 40 606 35 514
Liabilities Provisions for liabilities Other provisions for liabilities 0 199
Liabilities Provisions for liabilities 1 Total provisions for liabilities 40 606 35 713

Other non-current liabilities

Liabilities Other non-current liabilities Liabilities to financial institutions 21,24,25 2 075 051 2 428 902
Liabilities Other non-current liabilities Other non-current liabilities 21,23,28 347 439 369 886
Liabilities Other non-current liabilities 1 Total other non-current liabilities 2 422 490 2 798 788

Current liabilities

Liabilities Current liabilities Liabilities to financial institutions 18,24 100 099 57 434
Liabilities Current liabilities Accounts payable 169 882 158 330
Liabilities Current liabilities Taxes payable 16 17 196 14 403
Liabilities Current liabilities Public duties payable 40 750 39 041
Liabilities Current liabilities Dividends 17 72 299 32 609
Liabilities Current liabilities Other current liabilities 84 154 92 008
Liabilities Current liabilities 1 Total current liabilities 484 380 393 825
Liabilities
Liabilities 1 Total liabilities 2 947 475 3 228 326
Liabilities
Liabilities 1 Total equity and liabilities 6 349 969 7 007 922

Bergen, 24. March 2021

 

 

Camilla Grieg
Chair

Per Otto Dyb
Deputy Chair

Søren Martens
Board Member

Cathrine Rieber
Board Member

Paul Chr. Rieber
CEO

STATEMENT OF CASH FLOW

NOK 1 000.

Kategori Underkategori isSum Beskrivelse 2020 2019

a) cash flow from operations

a) cash flow from operations Profit before tax -309 363 434 421
a) cash flow from operations Taxes paid -14 403 -11 147
a) cash flow from operations Loss/gain on sale of fixed assets -844 -103 703
a) cash flow from operations Loss/gain on disposal of subsidiaries -41 116 -242 255
a) cash flow from operations Depreciation 238 348 246 274
a) cash flow from operations Write-down of non-current assets 443 454 -12 753
a) cash flow from operations Profit/loss from investments in associated companies -53 260 -12 391
a) cash flow from operations Interest received -5 501 -9 145
a) cash flow from operations Interest paid 94 366 111 983
a) cash flow from operations Change in inventory -30 465 14 344
a) cash flow from operations Change in accounts receivable -6 375 57 736
a) cash flow from operations Change in accounts payable 11 553 -23 080
a) cash flow from operations Change in pensions 4 670 -263
a) cash flow from operations Change in non-current receivables -9 183 -2 502
a) cash flow from operations Loss (profit) from financial current assets -33 026 -29 342
a) cash flow from operations Unrealized currency loss (gain) -2 388 1 940
a) cash flow from operations Change in other accruals 9 604 83 659
a) cash flow from operations 1 Net cash flow from operations 296 070 503 775

b) cash flow from investments

b) cash flow from investments Investments in tangible non-current assets and intangible assets -235 250 -481 409
b) cash flow from investments Investments in subsidiaries 0 -49 352
b) cash flow from investments Sale of tangible non-current assets (selling price) 283 683 136 511
b) cash flow from investments Sale of shares in subsidiaries (selling price) 41 116 343 346
b) cash flow from investments Interest received 5 501 9 145
b) cash flow from investments Investments in other shares/securities -518 020 -440 042
b) cash flow from investments Sale of other shares/securities 575 788 430 430
b) cash flow from investments 1 Net cash flow from investments 152 817 -51 372

c) cash flow from financing activities

c) cash flow from financing activities Cash from new long-term debts 265 868 50 666
c) cash flow from financing activities Repayment of long-term debts -607 423 -150 762
c) cash flow from financing activities Net change in other non-current liabilities -22 447 37 815
c) cash flow from financing activities Net change in credit facilities 42 665 3 874
c) cash flow from financing activities Interest paid -94 366 -111 983
c) cash flow from financing activities Acquisition/disposal of own shares 0 -26 933
c) cash flow from financing activities Paid-in capital 0 4 000
c) cash flow from financing activities Dividends paid -32 609 -39 406
c) cash flow from financing activities 1 Net cash flow from financing activities -448 312 -232 729
c) cash flow from financing activities
c) cash flow from financing activities 1 Net change in cash and cash equivalents (a+b+c) 575 219 673
c) cash flow from financing activities
c) cash flow from financing activities 1 Cash and cash equivalents at the beginning of the period 638 302 421 399
c) cash flow from financing activities Currency gain (loss) on cash and cash equivalents -7 681 -2 771
c) cash flow from financing activities 1 Cash and cash equivalents at the end of the period 631 196 638 302