Note 7 Grants 1 Jan–31 Dec 21 1 Jan–31 Dec 20 Amounts in EUR thousand Other operating expense Deduction of carrying amount fixed assets Other operating expense Deduction of carrying amount fixed assets SkatteFUNN R&D tax incentive scheme 157 - - - Innovation Norway grants from the Norwegian Government - 2 162 - 122 CO2 compensation from the Norwegian Government (note 18) 1 945 - 1 961 - Enova SF owned by the Ministry of Climate and Environmental (MCE), Norway 45 - - - Total Government grants 2 147 2 162 1 961 122 SO2 allowance from Miljøfondet - 2 853 - 287 Grants from other than Government - 2 853 - 287 Total grants 2 147 5 016 1 961 408 SkatteFUNN R&D tax incentive scheme 157 kEUR in tax reductions related to the development of new products. Innovation Norway grants from the Norwegian Government 2 853 kEUR funded for developing the next generation Acheson furnace. CO2 Compensation The Norwegian government established a scheme for CO2 compensation for power intensive industries, with the purpose to counteract carbon leakage from Europe due to increased power prices as a result of the EU's climate quota system, and in this way prevent increased global emissions. The annual costs of CO2 compensation are directly linked to the quota price. The current CO2 compensation scheme commenced in 2013 and ended 31 December 2020, and a new scheme for 2021-2030 is currently under development. It is considered that the scheme will be extended as it has been included in the approved 2022 Norwegian State budget. The CO2 compensation scheme only applies for Fiven's Norwegian plants and is recognized where there is reasonable assurance that the entity will comply with the conditions attached and the grants will be received. 1 945 kEUR is recognized as a reduction in other operating expenses for 2021 - compared to 1 961 kEUR in 2020. Fiven Annual Report 2021 Financial statements 47
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