Cloudberry Clean Energy Annual report 2020

139 Cloudberry Annual report 2020 Financial statements Note 12 Short term debt and provisions NOK 1 000 2020 2019 Short term interest-bearing debt 236 767 - Trade creditors 18 602 475 Accrued salary and bonus 5 363 - Public duties payable 877 - Other 575 - Total short term debt provisions 262 184 475 The short-term interest-bearing debt is related to the acquisitions of Forte Energy Norway AS, which was given a credit facility at the acquisition, with an applied interest rate of 5% p.a. The amount consists of the principal of NOK 236 767. The shares in Forte Energy Norway are held as collateral for the debt. The debt has been repaid in the beginning of March 2021, see note 15 Subsequent events. Trade creditors is mainly related to invoices from advisors and facilitators used in the equity emission in December 2020. Note 13 Earnings per share Earnings per share is calculated as profit/(loss) attributable to the equity holders of the Company divided by the number of shares outstanding. Diluted earnings per share is affected by the warrant program for equity settled share-based payments transactions, see note 4 Employee benefits NOK 1 000 2020 2019 Profit/(loss) attributable to the equity holders of the company -24 162 -2 609 Wheighted average number of shares outstanding for the purpose of basic earnings per shaer 39 098 584 262 200 Earnings per share for income attributable to the equity holders of the company - basic NOK -0.62 -9.95 Effect of potential dilutive shares Wheighted average number of shares outstanding for the purpose of diluted earnings per share 40 528 735 262 200 Earnings per share for income attributable to the equity holders of the company - diluted NOK -0.62 -9.95 For information about share capital at 31 December see note 11 Equity capital, share capital and shareholder information.

RkJQdWJsaXNoZXIy NTYyMDE=