|
NOTE 17
|
INVESTMENTS ACCOUNTED
FOR BY THE EQUITY METHOD
|
||||||
|
Investments in associates and joint ventures are in Ferd's consolidated accounts accounted for by the equity method.
|
|||||||
|
2016
|
|||||||
|
NOK 1 000
|
Al-Obeikan Elopak
factory for Packaging Co
|
Lala Elopak S.A. de C.V.
|
Tiedemanns-byen DA
|
Others
|
Total
|
||
|
Ownership and voting share
|
49%
|
49%
|
50%
|
||||
|
Cost at 1 January
|
58 325
|
165 051
|
106 768
|
115 014
|
445 158
|
||
|
Share of result at 1 January
|
102 781
|
157 653
|
17 264
|
9 345
|
287 043
|
||
|
Accumulated impairment of goodwill at 1 January
|
-12 600
|
-
|
-
|
-1 941
|
-14 541
|
||
|
Transfer from the company
|
-56 956
|
-128 048
|
-12 765
|
-5 865
|
-203 634
|
||
|
Recognised directly in equity
|
-3 550
|
-
|
-
|
-
|
-3 550
|
||
|
Exchange differences/eliminations
|
2 389
|
-14 956
|
-
|
-3 276
|
-15 843
|
||
|
Carrying amount at 1 January
|
90 389
|
179 700
|
111 267
|
113 277
|
494 633
|
||
|
Additions of the year
|
-
|
-
|
-
|
84 299
|
84 299
|
||
|
Share of the result of the year
|
12 347
|
30 787
|
12 516
|
962
|
56 613
|
||
|
Transfers from the company
|
-10 494
|
-12 695
|
-25 000
|
-
|
-48 189
|
||
|
Exchange differences/eliminations
|
- 682
|
-34 023
|
-
|
-1 333
|
-36 039
|
||
|
Carrying amount at 31 December
|
91 559
|
163 769
|
98 783
|
197 205
|
551 317
|
||
|
2015
|
|||||||
|
NOK 1 000
|
Al-Obeikan Elopak
factory for Packaging Co
|
Lala Elopak S.A. de C.V.
|
Tiedemanns-byen DA
|
Others
|
Total
|
||
|
Ownership and voting share
|
49%
|
49%
|
50%
|
||||
|
Cost at 1 January
|
58 325
|
165 051
|
106 768
|
81 585
|
411 729
|
||
|
Share of result at 1 January
|
92 990
|
134 025
|
20 158
|
7 040
|
254 213
|
||
|
Accumulated impairment of goodwill at 1 January
|
-12 600
|
-
|
-
|
-1 941
|
-14 541
|
||
|
Transfer from the company
|
-37 063
|
-114 006
|
-12 765
|
-5 865
|
-169 699
|
||
|
Recognised directly in equity
|
-3 550
|
-
|
-
|
-
|
-3 550
|
||
|
Exchange differences/eliminations
|
-13 358
|
-15 213
|
-
|
-7 331
|
-35 902
|
||
|
Carrying amount at 1 January
|
84 744
|
169 857
|
114 161
|
73 488
|
442 250
|
||
|
Additions of the year
|
-
|
-
|
-
|
33 890
|
33 890
|
||
|
Disposals of the year
|
-
|
-
|
-
|
- 461
|
- 461
|
||
|
Share of the result of the year
|
9 791
|
23 628
|
-2 894
|
2 305
|
32 830
|
||
|
Transfers from the company
|
-19 893
|
-14 042
|
-
|
-
|
-33 935
|
||
|
Exchange differences/eliminations
|
15 747
|
257
|
-
|
4 055
|
20 059
|
||
|
Carrying amount at 31 December
|
90 389
|
179 700
|
111 267
|
113 277
|
494 633
|
||
|
The table below shows a summary of financial information related to Ferd's largest investments in associates and joint ventures on a 100 percent basis. The stated figures represents fiscal year 2016. The figures are unaudited.
|
|||||||
|
NOK 1 000
|
Al-Obeikan |
Lala Elopak S.A. de C.V. |
Tiedemanns-byen DA |
||||
|
Operating revenue
|
464 406 | 665 907 | 436 955 | ||||
|
Profit after tax
and minority
|
25 578 | 51 184 | 23 974 | ||||
|
Total assets
|
|
299 524 | 456 619 | 681 912 | |||
|
Total liabilities
|
147 891
|
173 632 |
484 345
|
||||
|
- Al-Obeikan Elopak is a cardboard manufacturer with a plant in Saudi Arabia selling cardboard to customers in the Middle East and North Africa.
|
|||||||
|
- Lala Elopak is a cardboard manufacturer with a plant in Mexico selling cardboard to the market in North and Sourth America.
|
|||||||
|
- Tiedemannsbyen DA is owned by Ferd and Skanska engaged in developing residential housing on the old manufacturing site of Tiedemann's tobacco plant on Ensjø.
|
|||||||
|
Stake, transactions and balances with enterprises accounted for by the equity method:
|
|||||||
|
Stake/voting share
|
Sales from associates companies and joint ventures to Ferd
|
Ferd's net receivables/(payables) to associated companies and joint ventures
|
Ferd's guarantees for associated companies and joint ventures
|
||||
|
NOK 1 000
|
2016
|
2016
|
2015
|
2016
|
2015
|
2016
|
2015
|
|
Al-Obeikan Elopak
factory for
Packaging Co
|
49.0 %
|
-
|
-
|
8 705
|
9 910
|
128 727
|
201 797
|
|
Frogn Næringspark
AS
|
50.0 %
|
-
|
-
|
-
|
-16 625
|
-
|
-
|
|
Impresora Del Yaque
|
51.0 %
|
2 304
|
-
|
1 090
|
807
|
-
|
-
|
|
Lala Elopak S.A.
de C.V.
|
50.0 %
|
190 837
|
120 140
|
-10 386
|
-6 011
|
-
|
-
|
|
Sanderveien 18 AS
|
50.0 %
|
-
|
-
|
16 598
|
5 207
|
-
|
-
|
|
Tiedemannsbyen DA
|
50.0 %
|
-
|
-
|
-
|
-
|
-
|
-
|
|
Total
|
193 141
|
120 140
|
16 007
|
-6 712
|
128 727
|
201 797
|
|