Ahead of the Curve: GRID-Arendal Annual Report 2016

Note 2 Machinery and equipment (NoK) Book value 01.01.2016 Addition 2016 Depreciation 2016 Book value 31.12.2016 20 207 0 –20 207 0

Note 5 Long term investments (NoK) Shares subsidiaries: Teaterplassen AS Owners share: 82.9% Purchase cost: 11 012 000 Share of equity 31.12.2016: 17 390 587

Note 3 Salary (NoK)

Note 6 Petty cash and bank accounts NoK 736 065 of the total cash is restricted to meet the liability arising from the payroll taxes withheld.

2016 16 796 510 2 824 822 1 819 936 1 890 016 23 331 284

2015 16 405 240 2 558 942 1 459 988 2 191 029 22 615 199

Salary and holiday pay Employers contribution Pension costs Other personnel costs Total

Note 7 Auditor’s fees

The audit fee for 2016 is split into two parts: The audit as required by law NoK 90 500 Other services provided by the auditor NoK 26 000. Note 8 Balances with subsidaries As of 31.12.2016 GRID-Arendal has a debt of NoK –7 500 000 to Teaterplassen AS0.

Average number of emplyees Salary of Managing Director Fee to Chairman of the Board Fee to other Board members

32 888 480 47 500 105 800

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Stiftelsen GRID-Arendal has entered into a pension agreement with the former CEO that can lead to future payments. There are accruals set aside for the most likely outcome of this obligation.

Note 9 Equity capital (NoK) Share capital Equity capital 01.01.2016

Other equity 0 375 298 0 375 298

Total 10 006 353 375 298 0 10 381 651

The company has subscribed to a pension scheme which meets the requirements of the obligatory pension scheme.

Result for the year Additional dividend As at 31.12.2016

Note 4 Pension obligations

The pension premium to the contribution plan for the employees is NoK 1 819 936 and the premium is charged to the personnel costs.

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