Asset Buyout Partners Annual Report 2020

Borrowings secured with pledged assets Investment properties, shares in subsidiaries, receivables (external and internal) and bank accounts has been pledged as security for the interest bearing debt. The recognized Group value of the assets pledged as security for liabilities as per 31.12 are specified in the table below. Figures in NOK 2020 2019 Trade receivables 8 765 532 6 269 024 Cash and short-term deposits 2 610 054 43 989 343 Investment properties 9 110 000 000 8 447 770 000 Total pledged assets 9 121 375 586 8 498 028 367 Derivative financial instruments Derivatives not designated as hedging instruments Figures in NOK 2020 2019 Fair value of interest rate swaps 146 771 781 32 147 992 Total liabilities 146 771 781 32 147 992 Figures in NOK 2020 2019 Notional amount interest rate swaps 2 832 612 505 2 623 095 837 Total notional amount 2 832 612 505 2 623 095 837 The Group has entered into interest rate swap contracts whereby it pays a fixed rate of interest of between 1.43 % and 3.62% and receives a variable rate based on NIBOR. The swap is used to hedge the exposure to the variable interest rate payments on the variable rate secured bank loans. Note 13 Trade and other current liabilities Figures in NOK 2020 2019 Trade payables 1 797 024 8 011 715 Prepayments from customers 24 634 719 67 745 405 Accrued interest 31 047 164 32 272 561 Other short-term liabilities 31 861 645 40 008 997 Total 89 340 552 148 038 677 Asset Buyout Partners | Annual Report 2020 36