Page 61 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 61

Te following table illustrates the maturity structure of the Group’s fnancial commitments, based on non discounted contractual payments. In instances where the counterpart can require an earlier redemption, the amount is stated in the earliest period payment can be demanded. In the event that commitments can be required redeemed at request, these are included in the frst column (less than 1 month).

Remaining period

NOK 1 000

Less than

1 month 1-3 months 3-12 months 1-5 years

More than

5 years Total

31.12.2010

Trade accounts payable 26 768 200 209 0 0 27 177

31.12.2009

Trade accounts payable 16 809 75 2 0 0 16 886

Capital structure and equity

Te main objective of the Group’s management of the capital structure is to ensure a solid equity to secure further operations and also to have the ability to pursue opportunities for further proftable growth.

By producing satisfactory ratios connected with equity and debt, the Group will be able to support operations and thereby maximise the value of the shares.

Te Group controls its capital structure and carries out required changes based on a continuous assessment of the present fnancial conditions and the possible prospects and opportunities in the short and mid-long term.

Te capital structure is managed by adjusting dividend distributions, repurchasing own shares, reducing the share capital or by issueing new shares. Tere have been no changes in guidelines in this area in 2010 or 2009.

Te Group is following up its capital structure by revieweing the equity share, defned as equity in percent of total capital. Group policy is to have an equity share in excess of 30%.

Note 24: Events after the balance sheet date

Tere have been no events after the balance sheet date signifcantly afecting the Group’s fnancial position.