REC Silicon Annual Report 2019

86 Notes to the financial statements, REC Silicon ASA REC Silicon Annual Report 2019 EQUIPMENT AND INTANGIBLE ASSETS The carrying amount of equipment and intangible assets consist of non-depreciable office items. Other depreciable office equipment and furniture are fully depreciated. SHARES IN SUBSIDIARIES CARRYING AMOUNT DECEMBER 31 (USD INTHOUSAND) COMPANY OWNERSHIP/ VOTING RIGHT BUSINESS OFFICE 2019 2018 REC SILICON AS 100% Bærum 12,938 66,787 REC SOLAR AS 100% Bærum 122 122 Total 13,060 66,909 In 2019 the Company increased the equity in REC Silicon AS with USD 3,100 thousand (USD 2,783 thousand in 2018). In 2019 the Company impaired the shares in REC Silicon AS with USD 56,950 thousand as a consequence of REC Silicon AS similar impairment of their shares in REC Silicon Pte Ltd. SUB-SUBSIDIARIES OWNERSHIP/ VOTING RIGHT BUSINESS OFFICE REC Solar AS subsidiaries  Gitzeli Solar Energy Production S.A. 100% Greece  REC Greece S.A. 100% Greece REC Silicon AS subsidiaries  REC Silicon Inc 100% Moses Lake, USA   REC Solar Grade Silicon LLC 100% Moses Lake, USA   REC Advanced Silicon Materials LLC 100% Butte, USA  REC Silicon Pte. Ltd. 100% Singapore At December 31, 2019, REC Solar AS’s subsidiaries were under liquidation. B C