Cloudberry Clean Energy Annual report 2020

81 Cloudberry Annual report 2020 Financial statements extensive M&A activity with coherent capital rais- ings. Management has also focused on laying the foundation and framework for the Group strategy and corporate culture. Corporate consists mainly of Cloudberry Clean Energy AS, the parent company accounts. Costs which are by nature related to the segments are allocated to the respective business segment. Allocated costs are mostly salaries for employees related to Production and Develop that are employed in Cloudberry Clean Energy AS. The table shows the segment reporting for 2020 and the below table for 2019. NOK 1 000 Production Develop Corporate Other/ Eliminations Consolidated Revenue - external 3 430 93 118 - 3 640 Revenue - within the group 200 - - -200 - Total revenue 3 630 93 118 -200 3 640 Operating expenses ex depreciations and amortisations -5 155 -8 395 -16 355 - -30 339 Net income/(loss) from associated companies -3 556 - - - -3 556 EBITDA -5 082 -8 302 -16 237 -200 -29 822 Depreciation and amortisation -2 217 -203 -870 - -3 289 Operating Profit (EBIT) -7 299 -8 505 -17 108 -200 -33 111 Net financial items external -1 557 706 -152 -139 -1 142 Net financial item internal 1 000 -1 000 - - - Profit before tax -7 856 -8 799 -17 260 -339 -34 253 Total assets 594 527 208 347 593 940 46 1 396 861 Interest bearing debt 263 033 - 4 401 174 267 608 Intrest bearing debt internal - 19 003 - -19 003 - NOK 1 000 Production Develop Corporate Other/ Eliminations Consolidated Revenue - external - - 279 - 279 Revenue - within the group - - - - - Total revenue - - 279 - 279 Operating expenses ex depreciations and amortisations - - -2 885 - -2 885 Net income/(loss) from associated companies - - - - - EBITDA - - -2 606 - -2 606 Depreciation and amortisation - - -7 - -7 Operating Profit - - -2 613 - -2 613 Net financial items external - - 4 - 4 Net financial item internal - - - - - Profit before tax - - -2 609 - -2 609 Total assets - - 5 304 - 5 304 Interest bearing debt - - - - - Intrest bearing debt internal - - - - - Revenues from transactions between the Production and Develop segments, where Cloudberry is deemed to hold a controlling interest, are presented as within the group revenues in the segment reporting and elimi- nated in the consolidated statement of profit or loss. These transactions are based on international contract standards and terms negotiated at arm’s length