Page 87 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 87

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 28 947 200 209 0 0 29 356

31.12.2009

Trade accounts payable 16 588 75 2 0 0 16 665

Capital structure and equity

Te main objective of the Company’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 Company will be able to support operations and thereby maximise the value of the shares.

Te Company 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 2009 or 2010.

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

Note 21: Events after the balance sheet date

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

Oslo, 13 April 2011

Director, elected by the employees

Elsa Mäyrä Irgens Director, elected by the employees

Morten Njåstad Bråten Director, elected by the employees

Åge Danielsen Chair

Randi Helene Røed Deputy chair

Grethe Høiland Director

Sverre Hurum President and CEO