Cloudberry Annual report 2022 Financial statements 144 The IFRS adjustment in Forte relates to the power off take agreement which in the Forte accounts is recognised at cost, while in the Group accounts according to IFRS is recognised in the balance sheet at fair value with the change in fair value recognised in the periods profit or loss statement. The table shows the summarized financial information for Forte and Odal. The figures apply to 100% of the companies’ operations. Revenue and balance total FY 2022 FY 2021 NOK million Forte Energy Norway AS Odal Vind AS Total Forte Energy Norway AS Odal Vind AS Total Revenue 337 405 742 122 - 122 Operating costs (167) (98) (265) (48) (7) (56) Depreciations and amortisations (21) (22) (42) (20) - (20) Operating profit 149 285 434 54 (8) 47 Net interest expenses 43 (13) 30 27 (3) 24 Tax expense (38) (53) (91) (18) (2) (20) Profit for the period 153 219 373 63 (13) 50 Total non current assets 1 197 2 160 3 358 950 1 701 2 651 Total current assets 270 557 827 117 518 635 Total cash and cash equivalents 242 83 325 99 399 499 Long term debt 687 907 1 593 664 882 1 546 Short term debt 243 206 449 60 127 187 Equity 538 1 604 2 142 343 1 209 1 552 The table shows the Group’s share of the summarized financial information on a line for line basis for Forte and Odal. Revenue and balance based on Cloudberrys ownership FY 2022 FY 2021 NOK million Forte Energy Norway AS Odal Vind AS Total Forte Energy Norway AS Odal Vind AS Total Revenue 114 135 250 42 - 42 Operating costs (57) (33) (90) (16) (2) (18) Depreciations and amortisations (7) (7) (14) (7) - (7) Operating profit 51 95 146 18 (2) 16 Net interest expenses 15 (4) 10 9 (1) 8 Tax expense (13) (18) (31) (6) (1) (7) Profit for the period 52 73 125 22 (4) 18 Total non current assets 407 722 1 129 323 568 891 Total current assets 92 186 278 40 173 213 Total cash and cash equivalents 82 28 110 34 133 167 Long term debt 234 303 536 226 295 520 Short term debt 82 69 151 20 43 63 Equity 183 536 719 116 404 520
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