Cloudberry Clean Energy Annual report 2020

Cloudberry Annual report 2020 Financial statements 84 The net assets acquired during 2020 is as follows. Allocation of cost price for acquisitions in 2020 NOK 1 000 Cloudberry Production AS Cloudberry Develop AS Skogvind AS Total Acquisition date 15.02.2020 15.02.2020 31.08.2020 Voting rights/shareholding acquired through the acquisition 100 % 96 % 100 % Total voting rights after the acqusition 100 % 96 % 100 % Non controlling interests - 3.6 % - Consideration Cash - - - - Shares 83 521 132 807 5 435 221 763 Total acquisition cost 83 521 132 807 5 435 221 763 Book value of net assets (se table below) 80 839 37 304 2 068 120 211 Identification of excess value. attributable to: Inventory - 63 994 4 316 68 310 Property, plant and equipment 8 090 - - 8 090 Other -4 652 14 467 - 9 815 Gross excess value 3 438 78 461 4 316 86 215 Deferred tax on excess value -756 -14 952 -950 -16 657 Net excess value 2 681 63 509 3 367 69 557 Fair value of net acquired assets excluding goodwill 83 521 100 813 5 435 189 768 Of which Non controlling interest - 4 939 - 4 939 Controlling interests 83 521 95 874 5 435 184 829 Total acquisition cost 83 521 132 807 5 435 221 763 Fair value of net aquired assets ex goodwill (controlling interests) 83 521 95 874 5 435 184 829 Goodwill - 36 933 - 36 933 The minority shareholders position of 3.6% in Cloudberry Develop is related to a minority share of 15% in Cloudberry Utväckling AB, a subsidiary of Cloudberry Develop. These shares were acquired 31 December 2020, the transaction price NOK 4.1 million was settled in January 2020. The value of the shares at the acqui- sition date was NOK 4.9 million. The difference between the carrying amount and the transaction price was accounted as correction of equity in the parent company. See note 24.