Cloudberry Annual report 2021 Financial statements 140 The table shows the summarized financial information for the equity accounted companies. The figures apply to 100% of the companies’ operations. Revenue and balance total FY 2021 FY 2020 NOK 1 000 Forte Energy Norway AS Odal Vind AS Total Forte Energy Norway AS Odal Vind AS Total Revenue 122 319 81 122 400 4 555 1 900 6 455 Operating costs (48 029) (7 487) (55 515) (3 250) (6 345) (9 595) Depreciations and amortisations (19 961) (157) (20 117) (3 703) - (3 703) Operating profit 54 330 (7 562) 46 767 (4 851) (4 445) (9 296) Net interest expenses 26 802 (2 829) 23 973 (3 871) - (3 871) Tax expense (17 849) (2 422) (20 271) 2 135 1 045 3 180 Profit for the period 63 283 (12 813) 50 470 (6 588) (3 400) (9 988) Total non current assets 949 864 1 700 911 2 650 775 896 275 458 704 1 354 979 Total current assets 116 818 518 421 635 239 61 129 47 391 108 520 Total cash and cash equivalents 99 089 399 488 498 577 32 072 217 778 249 850 Long term debt 664 126 889 502 1 553 628 693 360 - 693 360 Short term debt 59 809 120 404 180 213 23 174 84 524 107 698 Equity 342 747 1 209 426 1 552 172 272 942 639 349 912 291 The table shows Cloudberry’s share of the summarized financial information on a line for line basis for the equity accounted companies. Revenue and balance based on Cloudberrys ownership FY 2021 FY 2020 NOK 1 000 Forte Energy Norway AS Odal Vind AS Total Forte Energy Norway AS Odal Vind AS Total Revenue 41 588 27 41 615 1 549 - 1 549 Operating costs (16 330) (2 090) (18 419) (1 105) - (1 105) Depreciations and amortisations (6 787) (52) (6 839) (1 259) - (1 259) Operating profit 18 472 (2 115) 16 357 (1 649) - (1 649) Net interest expenses 9 113 (792) 8 321 (1 316) - (1 316) Tax expense (6 069) (933) (7 001) - - - Profit for the period 21 516 (3 794) 17 722 (2 966) - (2 966) Total non current assets 322 954 568 851 891 805 304 733 68 806 373 539 Total current assets 39 718 39 723 79 442 20 784 7 109 27 892 Total cash and cash equivalents 33 690 133 429 167 119 10 905 32 667 43 571 Long term debt 225 803 296 299 522 102 235 742 - 235 742 Short term debt 20 335 40 215 60 550 7 879 12 679 20 558 Equity 116 534 405 490 522 024 92 800 95 902 188 703 Pro-forma figures 2021 for the investments The investment of in Odal Vind AS from 15% to 33.4% was acquired on 6 July. The pro forma effect on the Group accounts for 2021 had been a loss of NOK 0.4m for the full year.
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