Cloudberry Clean Energy Annual report 2020

Cloudberry Annual report 2020 Financial statements 134 Note 5 Other operating expenses The table shows the breakdown on other operating expenses in 2010 and 2019. NOK 1 000 2020 2019 Rental of office and equipment 1 033 133 External accounting and auditing fees 904 120 Legal and other fees 4 797 226 Other 531 398 Total other operating expenses 7 265 877 Other operating expenses in 2020 include Cloudberry’s ramp-up costs and the forming of the Cloudberry Group. a) Significant activity within merger & acquisitions (M&A) and associated financial and legal due diligence costs to third parties. b) Forming of the Cloudberry Group, converting group accounting to IRFS, establishing Cloudberry’s sustainability and governance platform c) Listing at Euronext Growth and preparations for listing at Oslo Børs. Expenses related to statutory audit and other auditor services is presented below: NOK 1 000 2020 2019 Statutory audit 522 66 Other assuranse services 26 38 Total auditor costs 548 104 Note 6 Financial items Financial income NOK 1 000 2020 2019 Income from subsidiaries 467 - Intrest income 587 - Other financial income and exchange differences 3 4 Increase in market value of financial current assets 103 2 Total financial income 1 161 5 Financial expense NOK 1 000 2020 2019 Interest expense 921 1 Other financial expense and exchange differences 541 - Total financial expense 1 462 1

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