Cloudberry Clean Energy Annual report 2022

109 Cloudberry Annual report 2022 Financial statements Purchase price allocation for the acquisitions in 2022 NOK million Captiva Group Tinnkraft AS Bøen Kraft AS Enestor AS 1 Total Acquisition date 07.01.2022 01.02.2022 09.06.2022 01.06.2022 Voting rights/shareholding acquired through the acquisition 60% 100% 100% 26% Total voting rights after the acqusition 60% 100% 100% 51% Non-controlling interests 40% - - 49% Consideration Cash 51 28 85 5 168 Shares 51 - 16 - 67 Total acquisition cost 101 28 102 5 235 Book value of net assets (se table below) 37 5 (11) 4 35 Identification of excess value. attributable to: Intangible assets 47 - - - 47 Property, plant and equipment 1 30 144 - 174 Inventory - - - - - Other 2 - - - 2 Gross excess value 50 30 144 - 224 Deferred tax on excess value (11) (7) (32) - (49) Net excess value 39 23 112 - 175 Fair value of net acquired assets excluding goodwill 77 28 102 4 210 Of which Non controlling interest 33 - - 3 35 Controlling interests 44 28 102 1 174 Total acquisition cost (controlling interest) 101 28 102 5 235 Fair value of net aquired assets ex goodwill (controlling interest) 44 28 102 1 174 Goodwill (controlling interest) 57 - - 4 62 Goodwill (non controlling interest) 38 - - 3 41 Goodwill (100%) 95 - - 7 103 Total non controlling interest 71 - - 6 77 1 Ownership through Captiva Group

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