|
NOTE 12
|
INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD
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|
Investments in associates and joint ventures are in Ferd's consolidated accounts recognised BY the equity method.
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A specification of companies and shares is given in the statement of investments in associates and joint ventures in note 20.
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2013
|
||||||||
|
NOK 1 000
|
Al-Obeikan Elopak factory for Packaging Co
|
Lala Elopak S.A. de C.V.
|
Tiedemanns-byen DA
|
Harbert European Real Estate Fund II
|
Harbert European Real Estate Fund III
|
Others
|
Total
|
|
|
Ownership and voting share
|
49%
|
49%
|
50%
|
26%
|
22%
|
|||
|
Cost at 1 January
|
54 100
|
153 093
|
106 768
|
112 002
|
51 141
|
101 074
|
578 177
|
|
|
Share of result at 1 January
|
76 742
|
100 900
|
8 973
|
54 093
|
11 052
|
- 5 721
|
246 039
|
|
|
Accumulated impairment of goodwill at 1 January
|
- 12 600
|
|
|
|
|
- 1 085
|
- 13 685
|
|
|
Transfer from the company
|
- 29 879
|
- 84 963
|
|
- 13 342
|
|
- 5 865
|
- 134 049
|
|
|
Exchange differences/eliminations
|
- 30 016
|
- 29 406
|
|
- 3 053
|
- 293
|
- 14 394
|
- 77 162
|
|
|
Carrying amount at 1 January
|
58 347
|
139 624
|
115 741
|
149 700
|
61 900
|
74 009
|
599 321
|
|
|
Additions
|
4 225
|
11 958
|
44 833
|
4 338
|
65 354
|
|||
|
Disposals
|
- 8
|
- 8
|
||||||
|
Sales during the year
|
|
|
||||||
|
Share of the result of the year
|
6 132
|
17 086
|
14 029
|
28 884
|
11 184
|
6 346
|
83 661
|
|
|
Impairment of goodwill
|
- 497
|
- 497
|
||||||
|
Transfers from the company
|
- 13 915
|
- 12 765
|
- 50 484
|
- 23 517
|
|
- 100 681
|
||
|
Recognised directly in equity
|
- 1 333
|
- 184
|
|
- 1 517
|
||||
|
Exchange differences/eliminations
|
1 550
|
1 556
|
- 1 572
|
1 534
|
||||
|
Carrying amount at 31 December
|
68 921
|
156 125
|
117 005
|
128 100
|
94 400
|
82 616
|
647 167
|
|
|
2012
|
||||||||
|
NOK 1 000
|
Al-Obeikan Elopak factory for Packaging Co
|
Elopak South Africa Ltd
|
Lala Elopak S.A. de C.V.
|
Tiedemanns-byen DA
|
Harbert European Real Estate Fund II
|
Harbert European Real Estate Fund III
|
Others
|
Total
|
|
Ownership and voting share
|
49%
|
50%
|
49%
|
50%
|
26%
|
22%
|
||
|
Cost at 1 January
|
54 100
|
25 692
|
153 093
|
106 768
|
133 253
|
44 000
|
111 910
|
628 815
|
|
Share of result at 1 January*
|
62 782
|
55 316
|
83 685
|
2 332
|
37 020
|
4 721
|
- 3 106
|
242 750
|
|
Accumulated impairment of goodwill at 1 January
|
- 12 600
|
- 2 200
|
|
|
|
|
- 1 085
|
- 15 885
|
|
Transfer from the company
|
- 15 308
|
- 26 029
|
- 61 827
|
|
- 13 342
|
|
- 5 865
|
- 122 371
|
|
Exchange differences/eliminations
|
- 21 143
|
- 11 918
|
- 28 348
|
|
- 3 053
|
- 293
|
- 11 551
|
- 76 306
|
|
Carrying amount at 1 January
|
67 831
|
40 861
|
146 603
|
109 100
|
153 877
|
48 428
|
90 303
|
657 004
|
|
Additions
|
35 664
|
14 464
|
50 128
|
|||||
|
Disposals
|
- 41 373
|
- 21 251
|
- 28 523
|
- 25 300
|
- 116 447
|
|||
|
Sales during the year
|
|
|
||||||
|
Share of the result of the year*
|
13 960
|
5 599
|
17 215
|
6 641
|
17 074
|
6 331
|
- 2 615
|
64 204
|
|
Impairment of goodwill
|
|
|
||||||
|
Transfers from the company
|
- 14 571
|
- 23 136
|
|
- 37 707
|
||||
|
Recognised directly in equity
|
|
|
||||||
|
Exchange differences/eliminations
|
- 8 873
|
- 5 087
|
- 1 058
|
- 2 843
|
- 17 861
|
|||
|
Carrying amount at 31 December
|
58 347
|
|
139 624
|
115 741
|
149 700
|
61 900
|
74 009
|
599 321
|
|
*) Gain on sale of Elopak South Africa Ltd constitutes 22 806.
|
||||||||
|
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 represent fiscal year 2013. The figures are unaudited.
|
||||||||
|
NOK 1 000
|
Al-Obeikan Elopak factory for Packaging Co
|
Lala Elopak S.A. de C.V.
|
Tiedemanns-byen DA
|
Harbert European Real Estate Fund II
|
Harbert European Real Estate Fund III
|
|||
|
Operating revenue
|
177 006
|
240 603
|
245 798
|
10 138
|
25 856
|
|||
|
Operating profit
|
10 395
|
27 913
|
38 880
|
3 025
|
- 17 403
|
|||
|
Profit after tax and minority
|
6 053
|
18 353
|
28 914
|
65 115
|
129 195
|
|||
|
Total assets
|
147 773
|
183 808
|
403 929
|
524 894
|
1 038 887
|
|||
|
Total liabilities
|
94 064
|
64 854
|
169 921
|
670
|
5 378
|
|||
|
Stake, transactions and balances with enterprises accounted for by the equity method:
Eierandel, transaksjoner og mellomværende med selskap behandlet etter egenkapitalmetoden
|
||||||||
|
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
|
2013
|
2013
|
2012
|
2013
|
2012
|
2013
|
2012
|
|
|
Al-Obeikan Elopak factory for Packaging Co
|
49,0 %
|
|
|
129
|
26 992
|
115 268
|
105 642
|
|
|
Boreal GmbH
|
20,0 %
|
|
|
|
|
|
|
|
|
Elocap Ltd.
|
50,0 %
|
253 820
|
94 249
|
- 8 513
|
- 8 419
|
|||
|
Frogn Næringspark AS
|
50,0 %
|
|||||||
|
Harbert European Real Estate Fund II
|
26,0 %
|
|
|
|||||
|
Harbert European Real Estate Fund III
|
22,0 %
|
|
|
|||||
|
Hunstad Sør Tomteselskap AS
|
31,6 %
|
425
|
|
|
|
|
|
|
|
Impresora Del Yaque
|
51,0 %
|
2 498
|
23 488
|
|||||
|
Kråkeland Hytteservice AS
|
33,5 %
|
|
|
|
|
|
|
|
|
Lala Elopak S.A. de C.V.
|
49,0 %
|
20 487
|
20 182
|
2 235
|
2 659
|
|
|
|
|
Lofoten Tomteselskap AS
|
35,0 %
|
32
|
|
|
|
|
||
|
Madla Byutvikling AS
|
33,3 %
|
|
|
|
|
|
|
|
|
Siriskjær AS
|
50,0 %
|
|||||||
|
Solheim Byutviklingselskap AS
|
33,1 %
|
|
|
|
|
|
|
|
|
Sporafjell Utviklingsselskap AS
|
50,0 %
|
|||||||
|
Tastarustå Byutvikling AS
|
33,3 %
|
|
|
|
|
|
|
|
|
Tiedemannsbyen DA
|
50,0 %
|
|
|
|||||
|
Total
|
277 262
|
114 431
|
- 6 149
|
44 720
|
115 268
|
105 642
|
||
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