Note 29 Transactions and balances with related parties 1 Jan–31 Dec 2021 31 Dec 2021 Amounts in EUR thousand Trade sales Trade purchases Sale of services Purchase of services Interest income Interest expense Receivables from Payables to Fiven Venezuelan entities 2 2 447 - - - - 12 126 8 882 Open Gate Capital - - - 1 108 - - - 108 Tosca Intermediate Holding Sarl 1 - - - - - 1 218 - 22 717 Total 2 2 447 - 1 108 - 1 218 12 126 31 707 1 Jan–31 Dec 2020 31 Dec 2020 Amounts in EUR thousand Trade sales Trade purchases Sale of services Purchase of services Interest income Interest expense Receivables from Payables to Fiven Venezuelan entities 1 311 1 974 - - - - 11 577 8 522 Open Gate Capital - - - 1 046 - - - - Tosca Intermediate Holding Sarl - - - - - 2 713 - 36 499 Total 1 311 1 974 - 1 046 - 2 713 11 577 45 020 1 In July 2021 Interest rate was reduced from EURIBOR+8.1% to EURIBOR+6.8914% with effect from May 13, 2019. Effect of reduced interest rate amounted to 1 138 kEUR in reduced interest cost and was recognized in profit and loss in 2021. Fiven ASA is owned 100 percent by Tosca Intermediate Holdings Sàrl which is controlled by Open Gate Capital Fund II. Transactions and balances between Fiven ASA and its consolidated subsidiaries have been eliminated in the consolidated financial statements. Fiven Annual Report 2021 76 Financial statements
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