Cloudberry Annual report 2021 Financial statements 150 All transactions with related parties and within group companies are made on arm’s-length basis and in a manner similar to transactions with unrelated third parties. Services delivered in 2021 from Captiva Asset Management AS is related to project management on construction of Skåråna, finalizing Marker and project planning on Stenkalles. From October 2021 the operational platform of the Groups producing assets were operated by Captiva and the amount also includes management fees om power plants. See note 20 Investments in associated companies for information about management fee to Forte See note 25 Lease agreements for information about the office lease agreement The agreements with Captiva Financial Services and CCPartners AS was terminated during H1 2021. See note 13 Employee benefits short term and long-term benefits of management The Group has the following balance sheet item recognised to related parties NOK 1 000 2021 2020 Accounts receivables - 388 Other current receivables - - Accounts payable - 144 Other liabilities - - As per 31 December there were no employee or shareholder loans. Transactions within group companies relate to consultant fees (development), loans and finance agreements. All group transactions have been eliminated in the consolidated group accounts. Current receivables are related to claims arising from purchase and sale of services as well as accrued interest on group loans. Short term receivables are unsecured and non-interest bearing. Long term loans between group companies and the applied interest rate reflect the risk related to the loan and is at market terms. The group has not made any provisions for losses on current receivables from related parties as of 31 December 2021. Current liabilities are related to purchase of services and accrued interest on loans.
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