Fiven Annual Report 2020

Note 3 Share capital and statement of changes in equity The Company has one class of shares. All shares come with full voting rights. The share capital is nominated in NOK. The nominal value per share is 1 000 NOK. Fiven AS was converted from a private limited liability company (AS) to a public liability limited company (ASA) in February 2020. Amounts in EUR thousand Share capital Other paid in capital Retained Earnings (accumulated deficit) Total Equity As of 31 December, 2019 20 2,297 - 2,318 Net income (loss) - -2,216 -476 -2,693 Contribution of equity, net of transaction costs 81 -81 - - As of 31 December, 2020 101 - -476 -375 Amounts in EUR thousand Share capital Other paid in capital Retained Earnings (accumulated deficit) Total Equity Date of incorporation, 5 February 2019 3 1 - 4 Net income (loss) - -3,359 - -3,359 Contribution of equity 17 5,655 - 5,673 As of 31 December, 2019 20 2,297 - 2,318 Note 4 Employee benefit expenses Amounts in EUR thousand 01.01-31.12.20 05.02-31.12.19 Salaries incl. bonuses 639 143 Social security cost 76 19 Defined-contribution pension cost (Note 5) 24 4 Other personnel related cost 4 116 Total employee benefit expenses 743 282 Note 5 Employee benefit obligations (pensions) Defined contribution plans Defined contribution plans are the main pensions plan for Fiven ASA, where the contribution to each individual pension plan is 8 per cent between 7.1 and 12 G. 1G refers to the Norwegian national insurance scheme's basic amount, which was NOK 101,351 as at 1 May 2020. The defined contribution plan covers all full-time employees. 31 December 2020 there were 4 members in the plan. Contribution expensed amounted to 23,8 TEUR in 2020. Fiven Annual Report 2020 Financial statements   81