Cloudberry Clean Energy Annual report 2020

Cloudberry Annual report 2020 Financial statements 116 Leases in the income statement NOK 1 000 2020 2019 Operating expenses Variable lease payment expenses 365 - Short term and low value lease expenses 226 - Depreciation expenses Depreciation of right to use asset (office lease) 858 - Financial expenses Interest expenses on lease liability 154 - Total lease expense in the income statement 1 603 - Included in variable lease is rent to landowner where the water right lease is variable. Short term and low value rent are mostly related to office rent in Sweden which is a short-term lease agreement. See note 15 Other operating expenses. Lease in the statement of financial position NOK 1 000 2020 2019 Assets Right-to-use asset reqognised in the year 5 149 - Amortisation during the year -858 - Right to use asset end of year 4 291 - Liabilities Non-current liabilities 3 296 - Current lease liability 1 105 - Total lease liability 4 401 -

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