Hexagon Annual Report 2019

NOTE 5 INTRA-GROUP TRANSACTIONS AND BALANCES (NOK 1 000) 2019 2018 INCOME Administrative services to subsidiaries 71 895 37 438 Total 71 895 37 438 RECEIVABLES Loans to group companies 2 803 069 1 287 661 Other current receivables 91 984 141 757 Total 2 895 053 1 429 418 LIABILITIES Liabilities to group companies - long-term 0 0 Liabilities to group companies - current 6 411 Total 6 411 (NOK 1 000) 2019 2018 Restricted tax withholdings 1 344 857 NOTE 6 BANK DEPOSITS The Group’s liquidity in Norway is organized in a Group overdraft facility. This means that the Norwegian subsidiaries' cash in hand is formally considered a receivable from the Parent Company and that the companies are jointly responsible for withdrawals made by the Group under this arrangement. 74 162 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS