Asset Buyout Partners Annual Report 2019

Note 3 Personnel expenses, number of employees, remuneration, loan to employees No remuneration has been paid to senior executives or members of the board in 2019. No loans or collateral has been granted to the general manager, the Board chairman, the boardmembers, the shareholders or other related parties. OTP (Statutory occupational pension) The Company does not have employees, consequently it has not been necessary to establish a statutory occupational pension scheme in accordance with the Norwegian law on required occupational pension (“lov om obligatorisk tjenestepensjon”). Expensed audit fee Expenses paid to the auditor for 2019 amounts to NOK 440,600 ex.vat. Figures in NOK 2019 Statutory audit 327 600 Other services 113 000 Total audit costs 440 600 Note 4 Tax Figures in NOK 2019 2018 Tax expense Tax payable - - Change in deferred tax - 231 455 Tax expense - 231 455 Taxable income Ordinary profit/loss before tax - 2 006 328 Permanent differences - -1 000 000 Changes temporary differences - -1 006 328 Taxable income - - Tax payable in the balance sheet Tax payable on this year's result -259 237 Tax payable on received group contributions 259 237 - Total tax payable in the balance sheet - - There was no temporary differences in 2019 and 2018. Asset Buyout Partners | Annual Report 2019 52