Fiven Annual Report 2020

Note 7 Grants 01.01-31.12.20 05.02-31.12.19 Amounts in EUR thousand Other operating expense Deduction of carrying amount fixed assets Other operating expense Deduction of carrying amount fixed assets R&D grants from Norwegian Government 122 140 468 CO 2 compensation from the Norwegian Government (note 18) 1,961 868 Total Government grants 1,961 122 1,008 468 SO 2 allowance from Miljøfondet 287 93 Grants from other than Government - 287 - 93 Total grants 1,961 408 1,008 561 Innovation Norway grants from the Norwegian Government 115 TEUR funded for developing the next generation Acheson furnace. Regional Research Fund (part of Research Council of Norway) Characterization of semi-closed furnace blow effects by online flue gas measurements in a novel emissions treatment system. Funded by 7 TEUR. CO 2 compensation The Norwegian government established in 2013 a scheme to compensate for CO 2 costs included in the power price. The CO 2 allowance is set in January of the grant year. For 2020 this is 248.15 NOK/ton compared to 155.31 NOK/ton in 2019. The total grant depends on the production activity level, compared to a preset base level. The current CO 2 compensation scheme will end in 2020. The CO 2 compensation scheme applies for Fiven's Norwegian plants. 1,961 TEUR is recognized as a reduction in cost of goods for the period, compared to 868 TEUR in 2019. Fiven Annual Report 2020 46   Financial statements