Cloudberry Clean Energy Annual report 2022

Cloudberry in brief	3
Letter from the CEO	4
Overview and highlights	6
Executive Management	14
Board of Directors	16
Board of Directors report	19
Sustainability report	30
Introduction	32
Environment	48
Social	62
Governance	70
GRI index	76
Appendix	81
Corporate Governance report	84
Consolidated financial statements Group	94
Consolidated statement of profit or loss	96
Consolidated statement of comprehensive income	97
Consolidated statement of financial position	98
Consolidated statement of cash flows	100
Consolidated statement of changes in equity	101
Notes to the Consolidated financial statements Group	102
General	102
Note 1  General information	102
Note 2  General accounting policies and principles	102
Note 3  Key accounting estimates and judgements	104
Note 4  Business segments	105
Note 5  Business combinations	107
Key risks and financial instruments	111
Note 6  Market related risks	111
Note 7  Commercial and operational risks	113
Note 8  Financial risks	115
Note 9  Financial instruments	118
Note 10  Hedge accounting	121
Statement of profit or loss and comprehensive income	123
Note 11  Sales revenues and other operating income	123
Note 12  Employee benefits and share based payments	124
Note 13  Other operating expenses	128
Note 14  Financial items	129
Note 15  Income tax expense	130
Statement of financial position	132
Note 16  Property, plant and equipment	132
Note 17  Intangible assets and goodwill	135
Note 18  Inventory	136
Note 19  Impairment	137
Note 20  Investments in associated companies and joint ventures	141
Note 21  Cash, cash equivalents and corporate funding	145
Note 22  Share capital and shareholder information	146
Note 23  Long term debt	148
Note 24  Provisions, guarantees and other contractual obligations	150
Note 25  Lease agreements	151
Other information	154
Note 26  Earnings per share	154
Note 27  Transactions with related parties	155
Note 28  List of subsidiaries and equity accounted companies	157
Note 29  Subsequent events	158
Parent company financial statements	162
Statement of profit or loss	163
Statement of financial position	164
Statement of cash flows	166
Notes to the parent company financial statements	167
Note 1  General information	167
Note 2  General accounting policies and principles	167
Note 3  Sales revenues	169
Note 4  Employee benefits and share based payments	169
Note 5  Other operating expenses	173
Note 6  Financial items	174
Note 7  Income tax expense	175
Note 8  Property, plant and equipment	176
Note 9  Subsidiaries and investment in associated companies	176
Note 10  Cash, cash equivalents and corporate funding	177
Note 11  Equity capital, share capital and shareholder information	177
Note 12  Short term debt and provisions	179
Note 13  Earnings per share	179
Note 14  Intercompany items between companies in the same group	180
Note 15  Subsequent events	180
Responsibility statement	181
Alternative performance measures	182
Auditor’s report	187

RkJQdWJsaXNoZXIy NTYyMDE=