Page 117 - EVRY Annual Report 2012

Annual Accounts Group 117
Related parties
Posten Norge AS and Telenor Business Partner Invest AS own 40.0% and 30.2% respectively of the shares and vot-
ing rights of EVRY ASA. EVRY ASA is treated as an associated company in the consolidated accounts of Posten and of
Telenor.
The group is party to agreements for the sale of services to a number of companies in both the Posten group and the
Telenor group. Total revenue from sales to companies in the Posten group in 2012 amounted to NOK 898.8 million,
and total revenue from sales to companies in the Telenor group amounted to NOK 669.6 million. The equivalent
figures for purchases of goods and services by EVRY from the Posten group and the Telenor group were NOK 193.8
million and NOK 345.4 million respectively.
Services delivered by the group to companies in the Posten group and to companies in the Telenor group relate
principally to operating services for business critical IT systems, including mainframe, UNIX, networks solutions
and office solutions platforms.
Services purchased by the group principally from companies in the Posten group relate in the main to freight and
distribution.
Services purchased by the EVRY group principally from companies in the Telenor group relate in the main to com-
munication services, network services and telephony.
All transactions with the Posten group and with the Telenor group are carried out on normal arm’s length com-
mercial terms. There are no guarantees for sales to any of the companies in either the Posten group or the Telenor
group.
Outstanding accounts with Posten-companies
NOK million 31.12.12 31.12.11 31.12.10
Receivables 146.6 113.2 181.7
Payables 14.5 6.3 17.0
Outstanding accounts with Telenor-companies
NOK million 31.12.12 31.12.11 31.12.10
Receivables 52.4 105.5 48.3
Payables 35.0 6.7 56.6
No provisions have beenmade for losses in relation to outstanding accounts with companies in the Posten group or
companies in the Telenor group.
The Telenor Pension Fund (Telenor Pensjonskasse) carries out administration of part of the pension assets for EVRY.
For information about remuneration to executive management and the board of directors, see note 4.
Note 24