29 and counting

Note 4 Fixed assets (NoK) + Inflow purchased fixed assets = Acquisition cost 31.12.18 Accumulated depreciation 31.12.18 = Book value 31.12.18 This year’s ordinary depreciations

Pension liabilities Pension schemes financed through insured schemes are not entered on the balance sheet. The pension premium is treated in these cases as a pension cost and classified together with wage costs. Note 2 Salary costs and benefits, remuneration to the chief executive, board and auditor (NoK) Salary cost Salaries Employment tax 2018 19 865 277 2017 16 940 526

Note 5 Inter-company balances between companies in the same group As of 31.12.2018 Stiftelsen Grid-Arendal has a debt of NOK 10 500 000 to Teaterplassen AS. The interest rate is equal to the market rate. Note 6 Bank depositss The amount on the tax withholding account (restrivted funds) at year end are NOK 976 441.

3 020 963 2 215 626 1 718 884 26 820 750

2 871 873 2 118 157 2 638 614 24 569 170

Pension costs Other benefits Total

In 2018 the company employed 28 man-years.

Pension liabilities The company is liable to maintain an occupational pension scheme under the Mandatory Occupational Pensions Act. The company’s pension schemes satisfy the requirements of this Act. Remuneration to leading personnel (NoK) Remuneration Salaries Other remuneration Total Auditor Audit fees expensed for 2018 amount to 52 200. In addition there is a fee for other services of NOK 54 700. Chief Executive 996 872 18 199 1 015 071 Board 154 500 0 154 500

Note 7 Equity capital (NOK) Equity capital

Basic 500 000

Other 10 323 142 187 014 10 510 156

Total 10 823 142 187 014 11 010 156

As at 01.01.2018 Result for the year As at 31.12.2018

500 000

Note 8 Subsidiaries (NOK) Teaterplassen AS Municipality Owners share Purchase cost Brought to balance val. Equity Profit

Arendal 94,3%

15 012 000 15 012 000 22 301 782 630 279

Note 3 Defined-contribution pensions

Contributions expensed amounted to NOK 2 215 626 in 2018 and the premium is charged to the personnel costs.

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