Cloudberry Annual report 2021 Financial statements 110 The table shows the segment reporting for 2021 (with reconciliation to reported Group consolidated IFRS) and with comparable figures for 2020 in lower table (Cloudberry did not report on proportionate in the 2020 annual report): FY 2021 NOK 1 000 Production Development Corporate Total proportionate Group eliminations Residual ownership interst Group consolidated financials Total revenue 76 711 5 803 - 82 513 - (41 615) 40 898 Operating expenses ex depreciations and amortisations (34 124) (35 340) (37 841) (107 304) - 18 419 (88 885) Net income/(loss) from associated companies - - - - - 16 373 16 373 EBITDA 42 587 (29 537) (37 841) (24 791) - (6 823) (31 615) Depreciation and amortisation (18 035) (235) (1 138) (19 408) - 9 662 (9 746) Operating profit (EBIT) 24 552 (29 773) (38 979) (44 200) - 2 839 (41 361) Net financial items (7 952) (3 411) (2 603) (13 966) - (8 321) (22 287) Profit/(loss) before tax 16 600 (33 183) (41 582) (58 165) - (5 482) (63 647) Total assets 2 064 939 307 594 1 442 790 3 815 323 (110 289) (586 642) 3 118 392 Interest bearing debt 826 294 - - 826 294 - (522 102) 304 192 Cash 10 571 (58 603) 1 330 084 1 282 053 - (167 119) 1 114 934 NIBD 815 723 58 603 (1 330 084) (455 759) - (354 983) (810 741) All revenue in the Production segment were in Norway and in NOK in 2021. Trade of electricity relates products are made on Noor Pool at spot, or at a fixed price through a purchase price agreement (PPA) with a PPA off taker customer. During 2021 no PPA have represented more than 10% of total revenue. From 2022 Production does not have any PPA for its power generation and sales. In Development, revenue comprised of other income and was mainly related to insurance settlement at related to Marker of NOK 5m, the remaining was income from Downing related to termination of SPA agreement regarding Stenkalles. FY 2020 NOK 1 000 Production Development Corporate Total proportionate Group eliminations Residual ownership interst Group consolidated financials Total revenue 5 122 93 118 5 333 (200) (1 493) 3 640 Operating expenses ex depreciations and amortisations (7 084) (8 395) (16 355) (31 834) - 1 930 (29 904) Net income/(loss) from associated companies - - - - - (3 556) (3 556) EBITDA (1 962) (8 302) (16 237) (26 501) (200) (3 119) (29 822) Depreciation and amortisation (4 066) (203) (870) (5 139) - 1 850 (3 289) Operating profit (EBIT) (6 028) (8 505) (17 107) (31 640) (200) (1 270) (33 110) Net financial items (1 826) (294) (152) (2 272) (139) 1 270 (1 141) Profit/(loss) before tax (7 854) (8 799) (17 259) (33 912) (339) 1 (34 253) Total assets 850 781 208 347 593 940 1 653 069 46 (256 254) 1 396 861 Interest bearing debt 498 950 - - 498 950 - (235 742) 263 207 Cash 92 608 4 850 551 239 648 697 - (43 572) 605 126 NIBD 406 342 (4 850) (551 239) (149 747) - (192 170) (341 918) Please refer to the section Alternative Performance Measure for definitions and further details about reconciliations between the Group IFRS reported figures and proportionate segment reporting.
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