30 Years of Innovation and Excellence: GRID-Arendal Annual Report 2019

Foreign currency Monetary foreign currency items are valued at the exchange rate on the balance sheet date. 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 2019 21 857 218 2018 19 865 277

Note 3 Fixed assets (NoK) Acquisition cost 01.01.2019 Addition of plant and equipment purchased Disposal of plant and equipment sold Acquisition cost 31.12.2019 Accumulated depreciation 31.12.2019 Book value as at 31.12.2019

94 422 0 0 94 422 49 834 44 588 31 474 3 years Linear

The year’s depreciation Expected economic life Depreciation plan

Note 4 Inter-company balances between companies in the same group As of 31.12.2019 Stiftelsen GRID Arendal had a debt of NOK 10 500 000 to Teaterplassen AS. The interest rate is equal to the market rate.

3 369 670 1 829 205 3 084 981 30 141 075 33

3 020 963 2 215 626 1 718 884 26 820 750 28

Pension costs Other benefits Total Employed person-years

Note 5 Bank deposits Of which tax withholdings (restricted funds) Note 6 Equity capital (NOK) Equity capital

2019 1 036 501

2018 976 441

Remuneration to leading personnel (NoK) Remuneration Salaries Other remuneration Total 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. Chief Executive 1 046 600 18 744 1 065 344 Board 108 500 0 108 500

Basic 500 000 500 000

Other 10 510 156 1 467 474 11 977 630

Total 11 010 156 1 467 474 12 477 630

As at 01.01.2019 Result for the year As at 31.12.2019

Note 7 Subsidiaries, associates, joint ventures (NOK) Teaterplassen AS Municipality

2019 62 000

2018 52 200

Auditor Statutory audit (incl. technical support with annual report) Other services & advisory Total

Arendal 100%

Owner-interest Acquisition cost Book value Share of result Carrying amount

17 012 000 22 976 047 674 266 17 012 000

49 000 111 000

54 700 106 900

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