Cloudberry Clean Energy Annual report 2020

87 Cloudberry Annual report 2020 Financial statements Below we will explain the material assessments of converting the balance sheet and profit and loss items. 01.01.2019 Effect of transition to IFRS 31.12.2019 Effect of transition to IFRS NOK 1 000 NGAAP IFRS NGAAP IFRS Assets Non - current assets Tangible assets 18 18 11 11 Total non - current assets 18 18 11 11 Cash 129 129 5 223 5 223 Other current receivables 126 126 70 70 Total current assets 255 255 5 293 5 293 Assets held for sale - - - - Total assets 273 273 5 304 5 304 Equity and liabilities Share capital - - 950 950 Share premium account 750 750 - - Other equity -1 312 -1 312 - - Total equity -562 -562 8 750 8 750 Current Liabilities Trade creditors - - 58 58 Provisions 835 835 417 417 Total liabilities 835 835 475 475 Total equity and liabilities 273 273 9 225 9 225 NOK 1 000 2018 NGAAP 2019 NGAAP Effect of transition to IFRS 2019 IFRS Operating revenues 250 279 - 279 Other operating income - - - - Total revenue 250 279 - 279 Cost of good sold -41 -27 - -27 Salary and personell costs -1 633 -1 981 - -1 981 Other operating expenses -622 -877 - -877 Depreciation, amortizations -4 -7 - -7 Operating profit (loss) -2 300 -2 892 - -2 613 Financial income - 5 - 5 Financial expenses -12 -1 - -1 Profit (loss) before tax -2 062 -2 609 - -2 609 Tax Net profit (loss) -2 062 -2 609 - -2 609 Loss on sold operations Profit (loss) for the year -2 062 -2 609 - -2 609