{"id":2540,"date":"2021-05-21T07:59:39","date_gmt":"2021-05-21T05:59:39","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=2540"},"modified":"2021-05-25T14:04:50","modified_gmt":"2021-05-25T12:04:50","slug":"note-15","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2020\/accounts-and-notes\/notes\/note-15\/","title":{"rendered":"Note 15 – Current liabilities and guarantees"},"content":{"rendered":"
\n\t\t\t\t\n\t\t\t\t\t

Note 15<\/h4>\n\t\t\t\t\t

Current liabilities and guarantees<\/h3>\n\t\t\t\t<\/span>\n\t\t\t\t<\/span>\n\t\t\t<\/a>
  1. Accounting principles<\/a><\/li>\n
  2. Segment Information<\/a><\/li>\n
  3. Loans and Investments<\/a><\/li>\n
  4. Exited Investments<\/a><\/li>\n
  5. Payroll Expenses<\/a><\/li>\n
  6. Other Operating Expenses<\/a><\/li>\n
  7. Net financial income\/expense<\/a><\/li>\n
  8. Fixed Assets<\/a><\/li>\n
  9. Other Receivables<\/a><\/li>\n
  10. Tax<\/a><\/li>\n
  11. Bank Deposits, Cash and Cash Equivalents<\/a><\/li>\n
  12. Capital Movements<\/a><\/li>\n
  13. Unused Resources<\/a><\/li>\n
  14. Information on financial market risk and the use of financial instruments<\/a><\/li>\n
  15. Current liabilities and guarantees<\/a><\/li>\n
  16. Events after balance-sheet date<\/a><\/li>\n<\/ol><\/div><\/div><\/div><\/div>\n\n\n

    Other current liabilities<\/h3>\n\n\n\n

    Included in other current liabilities is an item of NOK 98.2 million to the Dutch bank FMO in connection with the acquisition of shares in Green Resources, of which Norfund was the owner at the end of 2020.<\/p>\n\n\n\n

    Guarantees<\/h3>\n\n\n\n

    As part of its activities, Norfund has issued 5 guarantees totalling NOK 146.9 million. An annual assessment is made by the project manager as to whether the guarantee is at risk of being invoked, and a proportional provision is made accordingly. As at 31.12 a provision of NOK 6.6 million had therefore been made for guarantee obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Other current liabilities Included in other current liabilities is an item of NOK 98.2 million to the Dutch bank FMO in connection with the acquisition of shares in Green Resources, of which Norfund was the owner at the end of 2020. Guarantees As part of its activities, Norfund has issued 5 guarantees totalling NOK 146.9 […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":2101,"menu_order":14,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Notes","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"\nNote 15 - Current liabilities and guarantees | Annual report 2020<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2020\/accounts-and-notes\/notes\/note-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Note 15 - Current liabilities and guarantees | Annual report 2020\" \/>\n<meta property=\"og:description\" content=\"Other current liabilities Included in other current liabilities is an item of NOK 98.2 million to the Dutch bank FMO in connection with the acquisition of shares in Green Resources, of which Norfund was the owner at the end of 2020. 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