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    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:NOK"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:NOK"
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  "f9054": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:NOK"
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  "f9056": {
   "value": "-1559907000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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  "f9059": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:NOK"
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  "f9061": {
   "value": "-30000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:NOK"
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  "f9063": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
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    "unit": "iso4217:NOK"
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   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
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    "unit": "iso4217:NOK"
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  "f9067": {
   "value": "25605000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
    "unit": "iso4217:NOK"
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  "f9069": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:NOK"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:NOK"
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  },
  "f9073": {
   "value": "21023693000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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  "f9074": {
   "value": "<span class=\"S1B0D SAF1 S2\" id=\"t3r_112\">* Non-controlling interests. Other components of equity are allocated to Ler\u00f8y Seafood Group`s shareholders. </span><span class=\"S2B5D S18EC S2\" id=\"t40_139\">NOTE 6 </span><span class=\"S2221 S18EC S2\" id=\"t41_139\">Business combinations and redemption </span><span class=\"S2B5E S18EC S2\" id=\"t42_139\">of non-controlling interests </span><span class=\"S2AD3 SC4 S2\" id=\"t1_139\">Considerations paid </span><span class=\"S2AD4 SC4 S2\" id=\"t2_139\">2022 </span><span class=\"S2AD5 SC4 S2\" id=\"t3_139\">2021 </span><span class=\"S2AD6 SC5 S2\" id=\"t4_139\">Ler\u00f8y Vest Kraft AS (100 %) </span><span class=\"S2AD7 SC5 S2\" id=\"t5_139\">Business combination </span><span class=\"S2AD8 SC5 S2\" id=\"t6_139\">9 775 </span><span class=\"S2AD9 SC5 S2\" id=\"t7_139\">Ler\u00f8y Seafood Denmark A/S (44 %) </span><span class=\"S2ADA SC5 S2\" id=\"t8_139\">Business combination </span><span class=\"S2ADB SC5 S2\" id=\"t9_139\">49 117 </span><span class=\"S2ADC SC5 S2\" id=\"ta_139\">157 722 </span><span class=\"S2ADD SC5 S2\" id=\"tb_139\">Ler\u00f8y Seafood Denmark A/S (Wannebo International AS) </span><span class=\"S2ADE SC5 S2\" id=\"tc_139\">Redemption of non-controlling interests in sub-group </span><span class=\"S2ADF SC5 S2\" id=\"td_139\">6 064 </span><span class=\"S2AE0 SC5 S2\" id=\"te_139\">S\u00f8r\u00f8ya Isanlegg AS (77 %) </span><span class=\"S2AE1 SC5 S2\" id=\"tf_139\">Business combination </span><span class=\"S2AE2 SC5 S2\" id=\"tg_139\">900 </span><span class=\"S2AE3 SC5 S2\" id=\"th_139\">Drag\u00f8y Grossist AS (17 %) </span><span class=\"S2AE4 SC5 S2\" id=\"ti_139\">Business combination </span><span class=\"S2AE5 SC5 S2\" id=\"tj_139\">2 800 </span><span class=\"S2AE6 SC5 S2\" id=\"tk_139\">Ler\u00f8y \u00c5rskog AS (100 %) </span><span class=\"S2AE7 SC5 S2\" id=\"tl_139\">Business combination </span><span class=\"S2AE8 SC5 S2\" id=\"tm_139\">38 868 </span><span class=\"S2AE9 SC4 S2\" id=\"tn_139\">Total cash \ufb02ow out </span><span class=\"S2AEA SC4 S2\" id=\"to_139\">58 892 </span><span class=\"S2AEB SC4 S2\" id=\"tp_139\">206 354 </span><span class=\"S2AEC SC4 S2\" id=\"tq_139\">Purchase price allocation and acquisition balance sheet </span><span class=\"S2AED SC4 S2\" id=\"tr_139\">Reported </span><span class=\"S2AEE SC4 S2\" id=\"ts_139\">values of </span><span class=\"S2AEF SC4 S2\" id=\"tt_139\">acquired </span><span class=\"S2AF0 SC4 S2\" id=\"tu_139\">entity </span><span class=\"S2AF1 SC4 S2\" id=\"tv_139\">Identi\ufb01ed </span><span class=\"S2AF2 SC4 S2\" id=\"tw_139\">added </span><span class=\"S2AF3 SC4 S2\" id=\"tx_139\">(or negative) </span><span class=\"S2AF4 SC4 S2\" id=\"ty_139\">value </span><span class=\"S2AF5 SC4 S2\" id=\"tz_139\">Fair value at </span><span class=\"S2AF6 SC4 S2\" id=\"t10_139\">time for </span><span class=\"S2AF7 SC4 S2\" id=\"t11_139\">acquisition </span><span class=\"S2AF8 SC4 S2\" id=\"t12_139\">Goodwill </span><span class=\"S2AF9 SC4 S2\" id=\"t13_139\">Acquisition </span><span class=\"S2AFA SC4 S2\" id=\"t14_139\">balance </span><span class=\"S2AFB SC4 S2\" id=\"t15_139\">sheet </span><span class=\"S2AFC SC5 S2\" id=\"t16_139\">Other rights and permits </span><span class=\"S2AFD SC5 S2\" id=\"t17_139\">0 </span><span class=\"S2AFE SC5 S2\" id=\"t18_139\">6 410 </span><span class=\"S2AFF SC5 S2\" id=\"t19_139\">6 410 </span><span class=\"S2B00 SC5 S2\" id=\"t1a_139\">6 410 </span><span class=\"S2B01 SC5 S2\" id=\"t1b_139\">Goodwill </span><span class=\"S2B02 SC5 S2\" id=\"t1c_139\">0 </span><span class=\"S2B03 SC5 S2\" id=\"t1d_139\">0 </span><span class=\"S2B04 SC5 S2\" id=\"t1e_139\">0 </span><span class=\"S2B05 SC5 S2\" id=\"t1f_139\">Fixed assets </span><span class=\"S2B06 SC5 S2\" id=\"t1g_139\">0 </span><span class=\"S2B07 SC5 S2\" id=\"t1h_139\">5 769 </span><span class=\"S2B08 SC5 S2\" id=\"t1i_139\">5 769 </span><span class=\"S2B09 SC5 S2\" id=\"t1j_139\">5 769 </span><span class=\"S2B0A SC5 S2\" id=\"t1k_139\">Short-term receivables </span><span class=\"S2B0B SC5 S2\" id=\"t1l_139\">52 </span><span class=\"S2B0C SC5 S2\" id=\"t1m_139\">52 </span><span class=\"S2B0D SC5 S2\" id=\"t1n_139\">52 </span><span class=\"S2B0E SC5 S2\" id=\"t1o_139\">Cash in bank </span><span class=\"S2B0F SC5 S2\" id=\"t1p_139\">223 </span><span class=\"S2B10 SC5 S2\" id=\"t1q_139\">223 </span><span class=\"S2B11 SC5 S2\" id=\"t1r_139\">223 </span><span class=\"S2B12 SC4 S2\" id=\"t1s_139\">Total assets </span><span class=\"S2B13 SC4 S2\" id=\"t1t_139\">275 </span><span class=\"S2B14 SC4 S2\" id=\"t1u_139\">12 180 </span><span class=\"S2B15 SC4 S2\" id=\"t1v_139\">12 455 </span><span class=\"S2B16 SC4 S2\" id=\"t1w_139\">0 </span><span class=\"S2B17 SC4 S2\" id=\"t1x_139\">12 455 </span><span class=\"S2B18 SC5 S2\" id=\"t1y_139\">Equity </span><span class=\"S2B19 SC5 S2\" id=\"t1z_139\">275 </span><span class=\"S2B1A SC5 S2\" id=\"t20_139\">9 500 </span><span class=\"S2B1B SC5 S2\" id=\"t21_139\">9 775 </span><span class=\"S2B1C SC5 S2\" id=\"t22_139\">9 775 </span><span class=\"S2B1D SC5 S2\" id=\"t23_139\">Deferred tax </span><span class=\"S2B1E SC5 S2\" id=\"t24_139\">0 </span><span class=\"S2B1F SC5 S2\" id=\"t25_139\">2 680 </span><span class=\"S2B20 SC5 S2\" id=\"t26_139\">2 680 </span><span class=\"S2B21 SC5 S2\" id=\"t27_139\">2 680 </span><span class=\"S2B22 SC5 S2\" id=\"t28_139\">Current liabilities </span><span class=\"S2B23 SC5 S2\" id=\"t29_139\">0 </span><span class=\"S2B24 SC5 S2\" id=\"t2a_139\">0 </span><span class=\"S2B25 SC5 S2\" id=\"t2b_139\">0 </span><span class=\"S2B26 SC4 S2\" id=\"t2c_139\">Total equity and liabilities </span><span class=\"S2B27 SC4 S2\" id=\"t2d_139\">275 </span><span class=\"S2B28 SC4 S2\" id=\"t2e_139\">12 180 </span><span class=\"S2B29 SC4 S2\" id=\"t2f_139\">12 455 </span><span class=\"S2B2A SC4 S2\" id=\"t2g_139\">0 </span><span class=\"S2B2B SC4 S2\" id=\"t2h_139\">12 455 </span><span class=\"S2B2C SC4 S2\" id=\"t2i_139\">NIBD (+) </span><span class=\"S2B2D SC4 S2\" id=\"t2j_139\">-223 </span><span class=\"S2B2E SC4 S2\" id=\"t2k_139\">0 </span><span class=\"S2B2F SC4 S2\" id=\"t2l_139\">-223 </span><span class=\"S2B30 SC4 S2\" id=\"t2m_139\">0 </span><span class=\"S2B31 SC4 S2\" id=\"t2n_139\">-223 </span><span class=\"S2B32 SC4 S2\" id=\"t2o_139\">Acquisition analysis </span><span class=\"S2B33 SC4 S2\" id=\"t2p_139\">100 % </span><span class=\"S2B34 SC5 S2\" id=\"t2q_139\">Recognised equity in acquired entity </span><span class=\"S2B35 SC5 S2\" id=\"t2r_139\">275 </span><span class=\"S2B36 SC5 S2\" id=\"t2s_139\">Net identi\ufb01ed added value in the aquired entity </span><span class=\"S2B37 SC5 S2\" id=\"t2t_139\">9 500 </span><span class=\"S2B38 SC4 S2\" id=\"t2u_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B39 SC4 S2\" id=\"t2v_139\">9 775 </span><span class=\"S2B3A SC4 S2\" id=\"t2w_139\">Calculation of goodwill </span><span class=\"S2B3B SC4 S2\" id=\"t2x_139\">100 % </span><span class=\"S2B3C SC5 S2\" id=\"t2y_139\">Consideration paid to seller </span><span class=\"S2B3D SC5 S2\" id=\"t2z_139\">9 775 </span><span class=\"S2B3E SC5 S2\" id=\"t30_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B3F SC5 S2\" id=\"t31_139\">9 775 </span><span class=\"S2B40 SC4 S2\" id=\"t32_139\">Goodwill </span><span class=\"S2B41 SC4 S2\" id=\"t33_139\">0 </span><span class=\"S2B42 SC7 S2\" id=\"t34_139\">Business combinations and </span><span class=\"S2B43 SC7 S2\" id=\"t35_139\">transactions with non-controlling </span><span class=\"S2B44 SC7 S2\" id=\"t36_139\">interests in 2022 </span><span class=\"S2B45 S1C40 S2\" id=\"t37_139\">Ler\u00f8y Vest Kraft AS </span><span class=\"S2B46 SC8 S2\" id=\"t38_139\">Ler\u00f8y Vest AS acquired 100% of the </span><span class=\"S2B47 SC8 S2\" id=\"t39_139\">shares in a small local power plant </span><span class=\"S2B48 SC8 S2\" id=\"t3a_139\">on Fitjar, producing power from a </span><span class=\"S2B49 SC8 S2\" id=\"t3b_139\">local river. It was paid NOK 9.775 for </span><span class=\"S2B4A SC7 S2\" id=\"t3c_139\">Ler\u00f8y Vest Kraft AS </span><span class=\"S2B4B SC8 S2\" id=\"t3d_139\">the shares. The plant will contribute </span><span class=\"S2B4C SC8 S2\" id=\"t3e_139\">with own-produced electrisity to the </span><span class=\"S2B4D SC8 S2\" id=\"t3f_139\">smolt facility owned by Ler\u00f8y Sj\u00f8troll </span><span class=\"S2B4E SC8 S2\" id=\"t3g_139\">Kj\u00e6relva AS. </span><span class=\"S2B4F SC8 S2\" id=\"t3h_139\">\u00a0</span><span class=\"S2B50 S1C40 S2\" id=\"t3i_139\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2B51 SC8 S2\" id=\"t3j_139\">In 2022 the Group settled the </span><span class=\"S2B52 SC8 S2\" id=\"t3k_139\">remaining part of the consideration </span><span class=\"S2B53 SC8 S2\" id=\"t3l_139\">agreed upon for the shares in Ler\u00f8y </span><span class=\"S2B54 SC8 S2\" id=\"t3m_139\">Seafood Denmark A/S (previously </span><span class=\"S2B55 SC8 S2\" id=\"t3n_139\">named Seafood Danmark A/S) that </span><span class=\"S2B56 SC8 S2\" id=\"t3o_139\">the Group acquired in 2021. The </span><span class=\"S2B57 SC8 S2\" id=\"t3p_139\">consideration accrued for in the </span><span class=\"S2B58 SC8 S2\" id=\"t3q_139\">balance sheet last year. The paid </span><span class=\"S2B59 SC8 S2\" id=\"t3r_139\">amount was the same as accrued for, </span><span class=\"S2B5A SC8 S2\" id=\"t3s_139\">and totalled NOK 49 millions. </span><span class=\"S2B5F SC7 S2\" id=\"t1_140\">Business combinations and </span><span class=\"S2B60 SC7 S2\" id=\"t2_140\">transactions with non-controlling </span><span class=\"S2B61 SC7 S2\" id=\"t3_140\">interests in 2021 </span><span class=\"S2B62 S21BB S2\" id=\"t4_140\">Drag\u00f8y Grossist AS </span><span class=\"S2B63 SC8 S2\" id=\"t5_140\">The Group increased its ownership in </span><span class=\"S2B64 SC8 S2\" id=\"t6_140\">Drag\u00f8y Grossist AS from 34% to 51% </span><span class=\"S2B65 SC8 S2\" id=\"t7_140\">1 January 2021. The acquisition is </span><span class=\"S2B66 SC8 S2\" id=\"t8_140\">recognised as a step-by-step </span><span class=\"S2B67 SC8 S2\" id=\"t9_140\">acquisition, with a new measurement </span><span class=\"S2B68 SC8 S2\" id=\"ta_140\">and calculation of gain/losses on the </span><span class=\"S2B69 SC8 S2\" id=\"tb_140\">shares that was previously acquired. </span><span class=\"S2B6A SC8 S2\" id=\"tc_140\">Until transaction date the previously </span><span class=\"S2B6B SC8 S2\" id=\"td_140\">acquired shares have been recognised </span><span class=\"S2B6C SC8 S2\" id=\"te_140\">and booked as an associated </span><span class=\"S2B6D SC8 S2\" id=\"tf_140\">company, following the equity method. </span><span class=\"S2B6E SC8 S2\" id=\"tg_140\">The shares are held by Ler\u00f8y Nord AS. </span><span class=\"S2B6F SC8 S2\" id=\"th_140\">The acquired company is a wholesaler </span><span class=\"S2B70 SC8 S2\" id=\"ti_140\">in Troms\u00f8. </span><span class=\"S2B71 SC8 S2\" id=\"tj_140\">\u00a0</span><span class=\"S2B72 S1C40 S2\" id=\"tk_140\">S\u00f8r\u00f8ya Isanlegg AS </span><span class=\"S2B73 SC8 S2\" id=\"tl_140\">The Group increased its ownership in </span><span class=\"S2B74 SC8 S2\" id=\"tm_140\">S\u00f8r\u00f8ya Isanlegg AS from 33.3% to </span><span class=\"S2B75 SC8 S2\" id=\"tn_140\">100% 1 January 2021. The acquisition </span><span class=\"S2B76 SC8 S2\" id=\"to_140\">is recognised as a step-by-step </span><span class=\"S2B77 SC8 S2\" id=\"tp_140\">acquisition, with a new measurement </span><span class=\"S2B78 SC8 S2\" id=\"tq_140\">and calculation of gain/losses on the </span><span class=\"S2B79 SC8 S2\" id=\"tr_140\">shares that was previously acquired. </span><span class=\"S2B7A SC8 S2\" id=\"ts_140\">Until transaction date the previously </span><span class=\"S2B7B SC8 S2\" id=\"tt_140\">acquired shares have been recognised </span><span class=\"S2B7C SC8 S2\" id=\"tu_140\">and booked as an associated </span><span class=\"S2B7D SC8 S2\" id=\"tv_140\">company, following the equity method. </span><span class=\"S2B7E SC8 S2\" id=\"tw_140\">The shares are held by Ler\u00f8y Norway </span><span class=\"S2B7F SC8 S2\" id=\"tx_140\">Seafoods AS. The acquired company </span><span class=\"S2B80 SC8 S2\" id=\"ty_140\">is a service provider for the white \ufb01sh </span><span class=\"S2B81 SC8 S2\" id=\"tz_140\">industry. The company operates from </span><span class=\"S2B82 SC8 S2\" id=\"t10_140\">Hasvik. </span><span class=\"S2B83 SC8 S2\" id=\"t11_140\">\u00a0</span><span class=\"S2B84 S1C40 S2\" id=\"t12_140\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2B85 SC8 S2\" id=\"t13_140\">The Group acquired 100% of FMV </span><span class=\"S2B86 SC8 S2\" id=\"t14_140\">Eiendom AS 31 March 2021. The name </span>of the acquired company waschanged <span class=\"S2B88 SC8 S2\" id=\"t16_140\">to Ler\u00f8y \u00c5rskog AS. The acquisition </span><span class=\"S2B89 SC8 S2\" id=\"t17_140\">was recognised at fair value. The </span><span class=\"S2B8A SC8 S2\" id=\"t18_140\">company was purchased from the </span><span class=\"S2B8B SC8 S2\" id=\"t19_140\">ultimate parent company of the group, </span><span class=\"S2B8C SC8 S2\" id=\"t1a_140\">Laco AS, and is therefore identi\ufb01ed </span><span class=\"S2B8D SC8 S2\" id=\"t1b_140\">as a related party transaction. An </span><span class=\"S2B8E SC8 S2\" id=\"t1c_140\">external valuation of the company </span><span class=\"S2B8F SC8 S2\" id=\"t1d_140\">was required and used as the basis </span><span class=\"S2B90 SC8 S2\" id=\"t1e_140\">for the purchase price. The shares are </span><span class=\"S2B91 SC8 S2\" id=\"t1f_140\">held by Ler\u00f8y Seafood Group ASA. </span><span class=\"S2B92 SC8 S2\" id=\"t1g_140\">The acquired company owns land </span><span class=\"S2B93 SC8 S2\" id=\"t1h_140\">areas regulated and approved for </span><span class=\"S2B94 SC8 S2\" id=\"t1i_140\">production of smolt, salmon and </span><span class=\"S2B95 SC8 S2\" id=\"t1j_140\">trout on land, with a total maximum </span><span class=\"S2B96 SC8 S2\" id=\"t1k_140\">volume of 10 thousand MTB. The land </span><span class=\"S2B97 SC8 S2\" id=\"t1l_140\">area is in Fitjar. Groundwork related </span><span class=\"S2B98 SC8 S2\" id=\"t1m_140\">to buildings and installments has </span><span class=\"S2B99 SC8 S2\" id=\"t1n_140\">been started. </span><span class=\"S2B9A SC8 S2\" id=\"t1o_140\">\u00a0</span><span class=\"S2B9B S1C40 S2\" id=\"t1p_140\">Seafood Danmark A/S </span><span class=\"S2B9C SC8 S2\" id=\"t1q_140\">The Group increased its ownership in </span><span class=\"S2B9D SC8 S2\" id=\"t1r_140\">Seafood Danmark A/S from 33.3% to </span><span class=\"S2B9E SC8 S2\" id=\"t1s_140\">77.6% 1 April 2021. The acquisition is </span><span class=\"S2B9F SC8 S2\" id=\"t1t_140\">recognised as a step-by-step </span><span class=\"S2BA0 SC8 S2\" id=\"t1u_140\">acquisition, with a new measurement </span><span class=\"S2BA1 SC8 S2\" id=\"t1v_140\">and calculation of gain/losses on the </span><span class=\"S2BA2 SC8 S2\" id=\"t1w_140\">shares that was previously acquired. </span><span class=\"S2BA3 SC8 S2\" id=\"t1x_140\">Accumulated currency exchange </span><span class=\"S2BA4 SC8 S2\" id=\"t1y_140\">differences until date of business </span><span class=\"S2BA5 SC8 S2\" id=\"t1z_140\">combination, previously recognised </span><span class=\"S2BA6 SC8 S2\" id=\"t20_140\">in other comprehensive income, is </span><span class=\"S2BA7 SC8 S2\" id=\"t21_140\">recycled over pro\ufb01t and loss, and </span><span class=\"S2BA8 SC8 S2\" id=\"t22_140\">included in the calculated gain. Until </span><span class=\"S2BA9 SC8 S2\" id=\"t23_140\">transaction date the previously </span><span class=\"S2BAA SC8 S2\" id=\"t24_140\">acquired shares have been recognised </span><span class=\"S2BAB SC8 S2\" id=\"t25_140\">and booked as an associated </span><span class=\"S2BAC SC8 S2\" id=\"t26_140\">company, following the equity method. </span><span class=\"S2BAD SC8 S2\" id=\"t27_140\">The shares are held by Ler\u00f8y Seafood </span><span class=\"S2BAE SC8 S2\" id=\"t28_140\">Group ASA. The business in the </span><span class=\"S2BAF SC8 S2\" id=\"t29_140\">acquired company is VAP, sales and </span><span class=\"S2BB0 SC8 S2\" id=\"t2a_140\">distribution in Danmark. The company </span><span class=\"S2BB1 SC8 S2\" id=\"t2b_140\">owns and operate several </span><span class=\"S2BB2 SC8 S2\" id=\"t2c_140\">production facilities in Denmark. </span><span class=\"S2BB3 SC8 S2\" id=\"t2d_140\">\u00a0</span><span class=\"S2BB4 S1C40 S2\" id=\"t2e_140\">Wannebo International AS </span><span class=\"S2BB5 SC8 S2\" id=\"t2f_140\">The non-controlling interests in the </span><span class=\"S2BB6 SC8 S2\" id=\"t2g_140\">company named Wannebo </span><span class=\"S2BB7 SC8 S2\" id=\"t2h_140\">International AS was redeemed </span><span class=\"S2BB8 SC8 S2\" id=\"t2i_140\">1 July 2021. As the company is a group </span><span class=\"S2BB9 SC8 S2\" id=\"t2j_140\">company, owned through Seafood </span><span class=\"S2BBA SC8 S2\" id=\"t2k_140\">Danmark A/S, the redemption amount </span><span class=\"S2BBB SC8 S2\" id=\"t2l_140\">has been recognised as an equity </span><span class=\"S2BBC SC8 S2\" id=\"t2m_140\">transaction. The company`s business </span><span class=\"S2BBD SC8 S2\" id=\"t2n_140\">purpose is purchasing seafood in </span><span class=\"S2BBE SC8 S2\" id=\"t2o_140\">Norway and exporting it from </span><span class=\"S2BBF SC8 S2\" id=\"t2p_140\">Norway to Seafood Danmark A/S. </span><span class=\"S2BC0 SC8 S2\" id=\"t2q_140\">\u00a0</span><span class=\"S2BC1 S1C40 S2\" id=\"t2r_140\">SSF Hjaltland UK Ltd </span><span class=\"S2BC2 SC8 S2\" id=\"t2s_140\">The Group has also participated </span><span class=\"S2BC3 SC8 S2\" id=\"t2t_140\">indirectly in the acquisition of Grieg </span><span class=\"S2BC4 SC8 S2\" id=\"t2u_140\">Seafood Hjaltland UK Ltd through </span><span class=\"S2BC5 SC8 S2\" id=\"t2v_140\">the 50% owned associated company </span><span class=\"S2BC6 SC8 S2\" id=\"t2w_140\">Norskott Havbruk AS. The acquiring </span><span class=\"S2BC7 SC8 S2\" id=\"t2x_140\">legal entity was Scottish Seafarms </span><span class=\"S2BC8 SC8 S2\" id=\"t2y_140\">Ltd, a fully owned subsidiary of </span><span class=\"S2BC9 SC8 S2\" id=\"t2z_140\">Norskott Havbruk AS. The name of </span><span class=\"S2BCA SC8 S2\" id=\"t30_140\">the acquired company was changed </span><span class=\"S2BCB SC8 S2\" id=\"t31_140\">to SSF Hjaltland Ltd right after the </span><span class=\"S2BCC SC8 S2\" id=\"t32_140\">date of control, 15 December 2021. This </span><span class=\"S2BCD SC8 S2\" id=\"t33_140\">transaction is not included in business </span><span class=\"S2BCE SC8 S2\" id=\"t34_140\">combinations of the Group, according </span><span class=\"S2BCF SC8 S2\" id=\"t35_140\">to IFRS 3, which are summarized </span><span class=\"S2BD0 SC8 S2\" id=\"t36_140\">below. For this transaction, it is </span><span class=\"S2BD1 SC8 S2\" id=\"t37_140\">referred to the note on associated </span><span class=\"S2BD2 SC8 S2\" id=\"t38_140\">companies for further details. </span><span class=\"S2BD4 S18EC S2\" id=\"t3g_140\">NOTE 6 cont. </span><span class=\"S2298 S18EC S2\" id=\"t3h_140\">Business combinations and redemption </span><span class=\"S2BD5 S18EC S2\" id=\"t3i_140\">of non-controlling interests </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9096": {
   "value": "4066951000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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  },
  "f9098": {
   "value": "3531665000",
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   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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  },
  "f9101": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
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  "f9117": {
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   "decimals": -3,
   "dimensions": {
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  },
  "f9119": {
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  },
  "f9123": {
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   "decimals": -3,
   "dimensions": {
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  },
  "f9125": {
   "value": "-121502000",
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    "unit": "iso4217:NOK"
   }
  },
  "f9129": {
   "value": "-1088166000",
   "decimals": -3,
   "dimensions": {
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    "entity": "scheme:5967007LIEEXZXJ2JK50",
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    "unit": "iso4217:NOK"
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  },
  "f9131": {
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   "dimensions": {
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    "entity": "scheme:5967007LIEEXZXJ2JK50",
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  },
  "f9135": {
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  },
  "f9137": {
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  },
  "f9141": {
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  },
  "f9143": {
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  },
  "f9146": {
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  },
  "f9152": {
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    "concept": "leroyseafood:CashAndCashEquivalentsFromBusinessCombinations",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
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    "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
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    "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9228": {
   "value": "5249000",
   "decimals": -3,
   "dimensions": {
    "concept": "leroyseafood:ProceedsPaymentsOnOtherLoansShortAndLongTerm",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9230": {
   "value": "-735000",
   "decimals": -3,
   "dimensions": {
    "concept": "leroyseafood:ProceedsPaymentsOnOtherLoansShortAndLongTerm",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
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    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
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    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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   "value": "522391000",
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    "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9242": {
   "value": "-359069000",
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   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9246": {
   "value": "264000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9248": {
   "value": "2171814000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromNoncurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9252": {
   "value": "914300000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
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  "f9254": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9258": {
   "value": "314457000",
   "decimals": -3,
   "dimensions": {
    "concept": "leroyseafood:InterestPaidAndOtherFinancialExpenses",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9260": {
   "value": "237933000",
   "decimals": -3,
   "dimensions": {
    "concept": "leroyseafood:InterestPaidAndOtherFinancialExpenses",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9264": {
   "value": "1559907000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9266": {
   "value": "1202478000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9269": {
   "value": "-2266009000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
  },
  "f9271": {
   "value": "-1063322000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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  "f9274": {
   "value": "-898268000",
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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  "f9276": {
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "entity": "scheme:5967007LIEEXZXJ2JK50",
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    "entity": "scheme:5967007LIEEXZXJ2JK50",
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    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "concept": "ifrs-full:RestrictedCashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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   "dimensions": {
    "concept": "ifrs-full:RestrictedCashAndCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
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    "concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:NOK"
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   "dimensions": {
    "concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:NOK"
   }
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  "f9320": {
   "value": "<span class=\"S1B9C SC8 S2\" id=\"t1_114\">This section presents consolidated </span><span class=\"S1B9D SC8 S2\" id=\"t2_114\">accounting policies and notes for </span><span class=\"S1B9E SC8 S2\" id=\"t3_114\">Ler\u00f8y Seafood Group ASA. Accounting </span><span class=\"S1B9F SC8 S2\" id=\"t4_114\">policies and notes for Ler\u00f8y Seafood </span><span class=\"S1BA0 SC8 S2\" id=\"t5_114\">Group ASA (parent company) are </span><span class=\"S1BA1 SC8 S2\" id=\"t6_114\">presented separately after the notes </span><span class=\"S1BA2 SC8 S2\" id=\"t7_114\">to the consolidated \ufb01nancial </span><span class=\"S1BA3 SC8 S2\" id=\"t8_114\">statements. This separation is </span><span class=\"S1BA4 SC8 S2\" id=\"t9_114\">necessary in that the Group submits </span><span class=\"S1BA5 SC8 S2\" id=\"ta_114\">\ufb01nancial statements in accordance </span><span class=\"S1BA6 SC8 S2\" id=\"tb_114\">with IFRS (International Financial </span><span class=\"S1BA7 SC8 S2\" id=\"tc_114\">Reporting Standards), while the </span><span class=\"S1BA8 SC8 S2\" id=\"td_114\">parent company\u2019s \ufb01nancial statements </span><span class=\"S1BA9 SC8 S2\" id=\"te_114\">are drawn up in accordance with </span><span class=\"S1BAA SC8 S2\" id=\"tf_114\">NGAAP (Norwegian Generally </span><span class=\"S1BAB SC8 S2\" id=\"tg_114\">Accepted Accounting Principles). </span><span class=\"S1BAC SC8 S2\" id=\"th_114\">Ler\u00f8y Seafood Group ASA is registered </span><span class=\"S1BAD SC8 S2\" id=\"ti_114\">in Norway and is listed on the Oslo </span><span class=\"S1BAE SC8 S2\" id=\"tj_114\">Stock Exchange. The company\u2019s </span><span class=\"S1BAF SC8 S2\" id=\"tk_114\">consolidated \ufb01nancial statements </span><span class=\"S1BB0 SC8 S2\" id=\"tl_114\">for the \ufb01nancial year 2022 include the </span><span class=\"S1BB1 SC8 S2\" id=\"tm_114\">company and its subsidiaries </span><span class=\"S1BB2 SC8 S2\" id=\"tn_114\">(collectively referred to as \u201cthe Group\u201d) </span><span class=\"S1BB3 SC8 S2\" id=\"to_114\">and the Group\u2019s share in associates. </span><span class=\"S1BB4 SC8 S2\" id=\"tp_114\">Ler\u00f8y Seafood Group ASA is a </span><span class=\"S1BB5 SC8 S2\" id=\"tq_114\">subsidiary of Austevoll Seafood ASA </span><span class=\"S1BB6 SC8 S2\" id=\"tr_114\">(52.69%), which in turn is owned </span><span class=\"S1BB7 SC8 S2\" id=\"ts_114\">(55.55%) by Laco AS. Laco AS is the </span><span class=\"S1BB8 SC8 S2\" id=\"tt_114\">ultimate parent company. </span><span class=\"S1BB9 SC8 S2\" id=\"tu_114\">The \ufb01nancial statements were </span><span class=\"S1BBA SC8 S2\" id=\"tv_114\">submitted by the Board of Directors </span><span class=\"S1BBB SC8 S2\" id=\"tw_114\">on 28 April 2023. </span><span class=\"S1BBC SC7 S2\" id=\"tx_114\">(A) Declaration con\ufb01rming that the </span><span class=\"S1BBD SC7 S2\" id=\"ty_114\">\ufb01nancial statements have been </span><span class=\"S1BBE SC7 S2\" id=\"tz_114\">drawn up in accordance with IFRS </span><span class=\"S1BBF SC8 S2\" id=\"t10_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BC0 SC8 S2\" id=\"t11_114\">are submitted in accordance with </span><span class=\"S1BC1 SC8 S2\" id=\"t12_114\">international standards for \ufb01nancial </span><span class=\"S1BC2 SC8 S2\" id=\"t13_114\">reporting (IFRS) and interpretations </span><span class=\"S1BC3 SC8 S2\" id=\"t14_114\">established by the International </span><span class=\"S1BC4 SC8 S2\" id=\"t15_114\">Accounting Standards Board (IASB) </span><span class=\"S1BC5 SC8 S2\" id=\"t16_114\">and adopted by the EU. </span><span class=\"S1BC6 SC7 S2\" id=\"t17_114\">(B) Basis for preparing the \ufb01nancial </span><span class=\"S1BC7 SC7 S2\" id=\"t18_114\">statements </span><span class=\"S1BC8 SC8 S2\" id=\"t19_114\">The \ufb01nancial statements are presented </span><span class=\"S1BC9 SC8 S2\" id=\"t1a_114\">in NOK and \ufb01gures are rounded off to </span><span class=\"S1BCA SC8 S2\" id=\"t1b_114\">the nearest thousand. They are </span><span class=\"S1BCB SC8 S2\" id=\"t1c_114\">prepared on the basis of the historical </span><span class=\"S1BCC SC8 S2\" id=\"t1d_114\">cost principle, with the exception of </span><span class=\"S1BCD SC8 S2\" id=\"t1e_114\">the following assets and liabilities </span><span class=\"S1BCE SC8 S2\" id=\"t1f_114\">which are carried in the balance </span><span class=\"S1BCF SC8 S2\" id=\"t1g_114\">sheet at fair value: Biological assets </span><span class=\"S1BD0 SC8 S2\" id=\"t1h_114\">and \ufb01nancial derivatives. </span><span class=\"S1BD1 SC8 S2\" id=\"t1i_114\">Preparation of \ufb01nancial statements in </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_114\">accordance with IFRS demands that </span><span class=\"S1BD3 SC8 S2\" id=\"t1k_114\">the administration makes assessments, </span><span class=\"S1BD4 SC8 S2\" id=\"t1l_114\">estimates and assumptions that </span><span class=\"S1BD5 SC8 S2\" id=\"t1m_114\">in\ufb02uence the application of accounting </span><span class=\"S1BD6 SC8 S2\" id=\"t1n_114\">policies and the book values of </span><span class=\"S1BD7 SC8 S2\" id=\"t1o_114\">assets and liabilities, revenue and </span><span class=\"S1BD8 SC8 S2\" id=\"t1p_114\">costs. Estimates and their associated </span><span class=\"S1BD9 SC8 S2\" id=\"t1q_114\">assumptions are based on historical </span><span class=\"S1BDA SC8 S2\" id=\"t1r_114\">experience and other factors seen as </span><span class=\"S1BDB SC8 S2\" id=\"t1s_114\">reasonable under the circumstances. </span><span class=\"S1BDC SC8 S2\" id=\"t1t_114\">These calculations form the basis for </span><span class=\"S1BDD SC8 S2\" id=\"t1u_114\">measurement of carrying amounts </span><span class=\"S1BDE SC8 S2\" id=\"t1v_114\">for assets and liabilities that are not </span><span class=\"S1BDF SC8 S2\" id=\"t1w_114\">readily available from other sources. </span><span class=\"S1BE0 SC8 S2\" id=\"t1x_114\">The actual result may deviate from </span><span class=\"S1BE1 SC8 S2\" id=\"t1y_114\">these estimates. </span><span class=\"S1BE2 SC8 S2\" id=\"t1z_114\">Estimates and underlying </span><span class=\"S1BE3 SC8 S2\" id=\"t20_114\">assumptions are under constant </span><span class=\"S1BE4 SC8 S2\" id=\"t21_114\">review. Changes in the accounting- </span><span class=\"S1BE5 SC8 S2\" id=\"t22_114\">related estimates are recognised in the </span><span class=\"S1BE6 SC8 S2\" id=\"t23_114\">periods in which they occur, provided </span><span class=\"S1BE7 SC8 S2\" id=\"t24_114\">they apply only to that period. If </span><span class=\"S1BE8 SC8 S2\" id=\"t25_114\">changes also apply to future periods, </span><span class=\"S1BE9 SC8 S2\" id=\"t26_114\">the effect is distributed over current </span><span class=\"S1BEA SC8 S2\" id=\"t27_114\">and future periods. </span><span class=\"S1BEB SC8 S2\" id=\"t28_114\">Assessments that are made by the </span><span class=\"S1BEC SC8 S2\" id=\"t29_114\">administration when applying the IFRS </span><span class=\"S1BED SC8 S2\" id=\"t2a_114\">standards and that have a signi\ufb01cant </span><span class=\"S1BEE SC8 S2\" id=\"t2b_114\">effect on the \ufb01nancial statements </span><span class=\"S1BEF SC8 S2\" id=\"t2c_114\">and estimates with a considerable </span><span class=\"S1BF0 SC8 S2\" id=\"t2d_114\">risk of signi\ufb01cant adjustments in the </span><span class=\"S1BF1 SC8 S2\" id=\"t2e_114\">next \ufb01nancial year, are described in </span><span class=\"S1BF2 SC8 S2\" id=\"t2f_114\">note about signi\ufb01cant accounting </span><span class=\"S1BF3 SC8 S2\" id=\"t2g_114\">estimates and assessments. </span><span class=\"S1BF4 SC8 S2\" id=\"t2h_114\">The accounting policies discussed </span><span class=\"S1BF5 SC8 S2\" id=\"t2i_114\">below have been consistently applied </span><span class=\"S1BF6 SC8 S2\" id=\"t2j_114\">for all periods presented in the </span><span class=\"S1BF7 SC8 S2\" id=\"t2k_114\">consolidated \ufb01nancial statements. </span><span class=\"S1BF8 SC8 S2\" id=\"t2l_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BF9 SC8 S2\" id=\"t2m_114\">are drawn up in accordance with </span><span class=\"S1BFA SC8 S2\" id=\"t2n_114\">IFRS, while the \ufb01nancial statements </span><span class=\"S1BFB SC8 S2\" id=\"t2o_114\">for the Norwegian subsidiaries are </span><span class=\"S1BFC SC8 S2\" id=\"t2p_114\">prepared according to Norwegian </span><span class=\"S1BFD SC8 S2\" id=\"t2q_114\">Generally Accepted Accounting </span><span class=\"S1BFE SC8 S2\" id=\"t2r_114\">Principles (NGAAP). Accounts for the </span><span class=\"S1BFF SC8 S2\" id=\"t2s_114\">foreign subsidiaries are prepared </span><span class=\"S1C00 SC8 S2\" id=\"t2t_114\">according to accepted accounting </span><span class=\"S1C01 SC8 S2\" id=\"t2u_114\">policies in the respective countries. </span><span class=\"S1C02 SC8 S2\" id=\"t2v_114\">The consolidated \ufb01nancial statements </span><span class=\"S1C03 SC8 S2\" id=\"t2w_114\">are prepared under the assumption </span><span class=\"S1C04 SC8 S2\" id=\"t2x_114\">that Ler\u00f8y Seafood Group will continue </span><span class=\"S1C05 SC8 S2\" id=\"t2y_114\">as a going concern. </span><span class=\"S1C06 SC7 S2\" id=\"t2z_114\">(C) Principles of consolidation </span><span class=\"S1C07 S1C40 S2\" id=\"t30_114\">Subsidiaries </span><span class=\"S1C08 SC8 S2\" id=\"t31_114\">Subsidiaries are all units where the </span><span class=\"S1C09 SC8 S2\" id=\"t32_114\">Group has control of the unit\u2019s </span><span class=\"S1C0A SC8 S2\" id=\"t33_114\">\ufb01nancial and operational strategy, </span><span class=\"S1C0B SC8 S2\" id=\"t34_114\">normally through ownership of more </span><span class=\"S1C0C SC8 S2\" id=\"t35_114\">than half of all equity with voting </span><span class=\"S1C0D SC8 S2\" id=\"t36_114\">rights. Subsidiaries are consolidated </span><span class=\"S1C0E SC8 S2\" id=\"t37_114\">from the moment control is obtained </span><span class=\"S1C0F SC8 S2\" id=\"t38_114\">and are excluded from consolidation </span><span class=\"S1C10 SC8 S2\" id=\"t39_114\">when such control ceases. Transactions, </span><span class=\"S1C11 SC8 S2\" id=\"t3a_114\">intercompany accounts and unrealised </span><span class=\"S1C12 SC8 S2\" id=\"t3b_114\">gains or losses between the Group </span><span class=\"S1C13 SC8 S2\" id=\"t3c_114\">companies are eliminated. </span><span class=\"S1C14 SC8 S2\" id=\"t3d_114\">For each business combination after </span><span class=\"S1C15 SC8 S2\" id=\"t3e_114\">2009, the group has measured </span><span class=\"S1C16 SC8 S2\" id=\"t3f_114\">components of non controlling </span><span class=\"S1C17 SC8 S2\" id=\"t3g_114\">interests in the acquiree at fair value at </span><span class=\"S1C18 SC8 S2\" id=\"t3h_114\">the acquisition date. This implies that </span><span class=\"S1C19 SC8 S2\" id=\"t3i_114\">goodwill is recognised also on non- </span><span class=\"S1C1A SC8 S2\" id=\"t3j_114\">controlling interests proportionate </span><span class=\"S1C1B SC8 S2\" id=\"t3k_114\">share of the entity`s net assets. </span><span class=\"S1C1C SC8 S2\" id=\"t3l_114\">The companies that are part of the </span><span class=\"S1C1D SC8 S2\" id=\"t3m_114\">Group are speci\ufb01ed in the note on </span><span class=\"S1C1E SC8 S2\" id=\"t3n_114\">consolidated companies. </span><span class=\"S1C1F S1C40 S2\" id=\"t3o_114\">Non-controlling interests </span><span class=\"S1C20 SC8 S2\" id=\"t3p_114\">Non-controlling interests are </span><span class=\"S1C21 SC8 S2\" id=\"t3q_114\">measured at acquisition date either </span><span class=\"S1C22 SC8 S2\" id=\"t3r_114\">to fair value or their proportionate </span><span class=\"S1C23 SC8 S2\" id=\"t3s_114\">share of net identi\ufb01ed assets, with an </span><span class=\"S1C24 SC8 S2\" id=\"t3t_114\">option to choose for each acquisition. </span><span class=\"S1C25 SC8 S2\" id=\"t3u_114\">Non-controlling interests\u2019 share of </span><span class=\"S1C26 SC8 S2\" id=\"t3v_114\">the pro\ufb01t or loss for the year after </span><span class=\"S1C27 SC8 S2\" id=\"t3w_114\">taxes is shown as a separate item </span><span class=\"S1C28 SC8 S2\" id=\"t3x_114\">after the annual pro\ufb01t/loss for the </span><span class=\"S1C29 SC8 S2\" id=\"t3y_114\">Group. The non-controlling interests\u2019 </span><span class=\"S1C2A SC8 S2\" id=\"t3z_114\">share of equity is shown as a separate </span><span class=\"S1C2B SC8 S2\" id=\"t40_114\">item under consolidated equity. </span><span class=\"S1C2C SC8 S2\" id=\"t41_114\">Transactions with non-controlling </span><span class=\"S1C2D SC8 S2\" id=\"t42_114\">interests in subsidiaries are booked </span><span class=\"S1C2E SC8 S2\" id=\"t43_114\">as equity transactions. In the event of </span><span class=\"S1C2F SC8 S2\" id=\"t44_114\">the purchase or sale of shares from </span><span class=\"S1C30 SC8 S2\" id=\"t45_114\">non-controlling interests, the difference </span><span class=\"S1C31 SC8 S2\" id=\"t46_114\">between the consideration and the </span><span class=\"S1C32 SC8 S2\" id=\"t47_114\">shares\u2019 proportional share of the </span><span class=\"S1C33 SC8 S2\" id=\"t48_114\">carrying amount for the net assets in </span><span class=\"S1C34 SC8 S2\" id=\"t49_114\">the subsidiary against the parent </span><span class=\"S1C35 SC8 S2\" id=\"t4a_114\">company owners\u2019 equity is booked to </span><span class=\"S1C36 SC8 S2\" id=\"t4b_114\">controlling shareholder\u2019s equity. </span><span class=\"S1C37 SC7 S2\" id=\"t4c_114\">(D) Operating revenue </span><span class=\"S1C38 SC8 S2\" id=\"t4d_114\">Operating revenue is recognised at a </span><span class=\"S1C39 SC8 S2\" id=\"t4e_114\">point in time when control is passed </span><span class=\"S1C3A SC8 S2\" id=\"t4f_114\">to the customer. Control is generally </span><span class=\"S1C3B SC8 S2\" id=\"t4g_114\">passed when delivered to the </span><span class=\"S1C3E S18EC S2\" id=\"t4o_114\">NOTE 1 </span><span class=\"S1C3F S18EC S2\" id=\"t4p_114\">Accounting policies </span><span class=\"S1C41 SC8 S2\" id=\"t1_115\">customer according to the agreed </span><span class=\"S1C42 SC8 S2\" id=\"t2_115\">upon Incoterms (contractual terms). </span><span class=\"S1C43 SC8 S2\" id=\"t3_115\">Expected volume discounts are </span><span class=\"S1C44 SC8 S2\" id=\"t4_115\">deducted from operating revenue </span><span class=\"S1C45 SC8 S2\" id=\"t5_115\">and presented as current provisions. </span><span class=\"S1C46 SC8 S2\" id=\"t6_115\">Taxes and duties are also deducted </span><span class=\"S1C47 SC8 S2\" id=\"t7_115\">from operating revenue. </span><span class=\"S1C48 SC8 S2\" id=\"t8_115\">The Group records provisions (sales </span><span class=\"S1C49 SC8 S2\" id=\"t9_115\">reduction) for quality deviations and </span><span class=\"S1C4A SC8 S2\" id=\"ta_115\">returns based on historical numbers </span><span class=\"S1C4B SC8 S2\" id=\"tb_115\">and speci\ufb01c information regarding </span><span class=\"S1C4C SC8 S2\" id=\"tc_115\">the respective deliveries. The Group </span><span class=\"S1C4D SC8 S2\" id=\"td_115\">delivers, to a large degree, fresh food </span><span class=\"S1C4E SC8 S2\" id=\"te_115\">and returns will therefore usually be </span><span class=\"S1C4F SC8 S2\" id=\"tf_115\">registered shortly after the customer </span><span class=\"S1C50 SC8 S2\" id=\"tg_115\">has received the goods. </span><span class=\"S1C51 SC7 S2\" id=\"th_115\">(E) Reporting by segment </span><span class=\"S1C52 SC8 S2\" id=\"ti_115\">Segments are reported at a more </span><span class=\"S1C53 SC8 S2\" id=\"tj_115\">aggregated level than for internal </span><span class=\"S1C54 SC8 S2\" id=\"tk_115\">reporting to the corporate </span><span class=\"S1C55 SC8 S2\" id=\"tl_115\">management due to similar economic </span><span class=\"S1C56 SC8 S2\" id=\"tm_115\">characteristics, organisational </span><span class=\"S1C57 SC8 S2\" id=\"tn_115\">structure and commercial risk. The </span><span class=\"S1C58 SC8 S2\" id=\"to_115\">Group\u2019s reportable segments comprise </span><span class=\"S1C59 SC8 S2\" id=\"tp_115\">the following: (1) Wild catch, (2) Farming </span><span class=\"S1C5A SC8 S2\" id=\"tq_115\">and (3) Value-added Processing </span><span class=\"S1C5B SC8 S2\" id=\"tr_115\">(VAP), sales and distribution. The last </span><span class=\"S1C5C SC8 S2\" id=\"ts_115\">segment is also named VAPS&amp;D or </span><span class=\"S1C5D SC8 S2\" id=\"tt_115\">VAPSD for short. Please refer to the </span><span class=\"S1C5E SC8 S2\" id=\"tu_115\">note on the consolidated companies </span><span class=\"S1C5F SC8 S2\" id=\"tv_115\">and division into operating segments </span><span class=\"S1C60 SC8 S2\" id=\"tw_115\">for a complete description of the </span><span class=\"S1C61 SC8 S2\" id=\"tx_115\">companies in the different segments, </span><span class=\"S1C62 SC8 S2\" id=\"ty_115\">both directly and via indirect </span><span class=\"S1C63 SC8 S2\" id=\"tz_115\">ownership. </span><span class=\"S1C64 S109 S2\" id=\"t10_115\">Wild catch </span><span class=\"S1C65 SC8 S2\" id=\"t11_115\">is reported as one segment. </span><span class=\"S1C66 SC8 S2\" id=\"t12_115\">The unit comprises the two sub-groups </span><span class=\"S1C67 SC8 S2\" id=\"t13_115\">Ler\u00f8y Hav\ufb01sk AS and Ler\u00f8y Norway </span><span class=\"S1C68 SC8 S2\" id=\"t14_115\">Seafoods AS. The Ler\u00f8y Hav\ufb01sk Group, </span><span class=\"S1C69 SC8 S2\" id=\"t15_115\">owner of the licenses, is subject to a </span><span class=\"S1C6A SC8 S2\" id=\"t16_115\">so-called \"industrial obligation\" in </span><span class=\"S1C6B SC8 S2\" id=\"t17_115\">Stamsund, Melbu, Hammerfest, </span><span class=\"S1C6C SC8 S2\" id=\"t18_115\">B\u00e5tsfjord, Honningsv\u00e5g and Kj\u00f8llefjord. </span><span class=\"S1C6D SC8 S2\" id=\"t19_115\">This implies that the license is linked </span><span class=\"S1C6E SC8 S2\" id=\"t1a_115\">to operation of the facilities in the </span><span class=\"S1C6F SC8 S2\" id=\"t1b_115\">respective locations. Ler\u00f8y Hav\ufb01sk </span><span class=\"S1C70 SC8 S2\" id=\"t1c_115\">has leased out the facilities in these </span><span class=\"S1C71 SC8 S2\" id=\"t1d_115\">locations to Ler\u00f8y Norway Seafoods AS. </span><span class=\"S1C72 SC8 S2\" id=\"t1e_115\">The lessor is responsible for sustaining </span><span class=\"S1C73 SC8 S2\" id=\"t1f_115\">operations. However, if the lessor </span><span class=\"S1C74 SC8 S2\" id=\"t1g_115\">terminates operations, the license </span><span class=\"S1C75 SC8 S2\" id=\"t1h_115\">terms oblige Ler\u00f8y Hav\ufb01sk to sustain </span><span class=\"S1C76 SC8 S2\" id=\"t1i_115\">operations in the speci\ufb01ed locations. </span><span class=\"S1C77 SC8 S2\" id=\"t1j_115\">The two companies, including their </span><span class=\"S1C78 SC8 S2\" id=\"t1k_115\">subsidiaries, are so heavily integrated </span><span class=\"S1C79 SC8 S2\" id=\"t1l_115\">with each other, that they are regarded </span><span class=\"S1C7A SC8 S2\" id=\"t1m_115\">as one operating segment, which also </span><span class=\"S1C7B SC8 S2\" id=\"t1n_115\">is re\ufb02ected in the internal reporting. </span><span class=\"S1C7C S109 S2\" id=\"t1o_115\">Farming </span><span class=\"S1C7D SC8 S2\" id=\"t1p_115\">is reported as one segment </span><span class=\"S1C7E SC8 S2\" id=\"t1q_115\">but speci\ufb01ed on three operating </span><span class=\"S1C7F SC8 S2\" id=\"t1r_115\">segments. These are: </span><span class=\"S1C80 SC8 S2\" id=\"t1s_115\">(1) the North Norway region, </span><span class=\"S1C81 SC8 S2\" id=\"t1t_115\">comprising the Ler\u00f8y Aurora AS </span><span class=\"S1C82 SC8 S2\" id=\"t1u_115\">and Ler\u00f8y Aurora 2 AS </span><span class=\"S1C83 SC8 S2\" id=\"t1v_115\">(2) the Central Norway region, </span><span class=\"S1C84 SC8 S2\" id=\"t1w_115\">comprising Ler\u00f8y Midt AS and </span><span class=\"S1C85 SC8 S2\" id=\"t1x_115\">Ler\u00f8y Midt 2 AS </span><span class=\"S1C86 SC8 S2\" id=\"t1y_115\">(3) the West Norway region (also </span><span class=\"S1C87 SC8 S2\" id=\"t1z_115\">known as Ler\u00f8y Sj\u00f8troll), </span><span class=\"S1C88 SC8 S2\" id=\"t20_115\">comprising Ler\u00f8y Vest AS, Ler\u00f8y </span><span class=\"S1C89 SC8 S2\" id=\"t21_115\">Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S1C8A SC8 S2\" id=\"t22_115\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll </span><span class=\"S1C8B SC8 S2\" id=\"t23_115\">Havbruk 2 AS, Ler\u00f8y Kj\u00e6relva AS, </span><span class=\"S1C8C SC8 S2\" id=\"t24_115\">Ler\u00f8y \u00c5rskog AS, Norsk </span><span class=\"S1C8D SC8 S2\" id=\"t25_115\">Oppdrettsservice AS and Ler\u00f8y </span><span class=\"S1C8E SC8 S2\" id=\"t26_115\">Ocean Harvest AS. </span><span class=\"S1C8F SC8 S2\" id=\"t27_115\">These units all operate in the same </span><span class=\"S1C90 SC8 S2\" id=\"t28_115\">branch, have the same customers, </span><span class=\"S1C91 SC8 S2\" id=\"t29_115\">similar commercial risk and similar </span><span class=\"S1C92 SC8 S2\" id=\"t2a_115\">processes. Their only distinguishing </span><span class=\"S1C93 SC8 S2\" id=\"t2b_115\">factor is geography. It has therefore </span><span class=\"S1C94 SC8 S2\" id=\"t2c_115\">been deemed appropriate to merge </span><span class=\"S1C95 SC8 S2\" id=\"t2d_115\">these into one operating segment. </span><span class=\"S1C96 S109 S2\" id=\"t2e_115\">Value-added Processing (VAP)</span><span class=\"S1C97 SC7 S2\" id=\"t2f_115\">, sales </span><span class=\"S1C98 SC7 S2\" id=\"t2g_115\">and distribution </span><span class=\"S1C99 SC8 S2\" id=\"t2h_115\">is the third segment. </span><span class=\"S1C9A SC8 S2\" id=\"t2i_115\">This segment comprises several sub- </span><span class=\"S1C9B SC8 S2\" id=\"t2j_115\">groups and individual entities. These </span><span class=\"S1C9C SC8 S2\" id=\"t2k_115\">are merged into one reporting </span><span class=\"S1C9D SC8 S2\" id=\"t2l_115\">segment due to similarities such as </span><span class=\"S1C9E SC8 S2\" id=\"t2m_115\">same branch, commercial risk and </span><span class=\"S1C9F SC8 S2\" id=\"t2n_115\">uniform processes. </span><span class=\"S1CA0 SC8 S2\" id=\"t2o_115\">The Norwegian units are: Ler\u00f8y </span><span class=\"S1CA1 SC8 S2\" id=\"t2p_115\">Seafood AS, Ler\u00f8y Fossen AS, Ler\u00f8y </span><span class=\"S1CA2 SC8 S2\" id=\"t2q_115\">Bulandet AS, Ler\u00f8y Sj\u00f8matgruppen </span><span class=\"S1CA3 SC8 S2\" id=\"t2r_115\">AS, Ler\u00f8y Norge AS, Sirev\u00e5g AS, Ler\u00f8y </span><span class=\"S1CA4 SC8 S2\" id=\"t2s_115\">Nord AS, Drag\u00f8y Grossist AS, </span><span class=\"S1CA5 SC8 S2\" id=\"t2t_115\">Sj\u00f8mathuset AS, Ler\u00f8y Quality Group </span><span class=\"S1CA6 SC8 S2\" id=\"t2u_115\">AS, Ler\u00f8y &amp; Strudshavn AS and </span><span class=\"S1CA7 SC8 S2\" id=\"t2v_115\">Wannebo International AS. </span><span class=\"S1CA8 SC8 S2\" id=\"t2w_115\">The foreign units consist of the Dutch </span><span class=\"S1CA9 SC8 S2\" id=\"t2x_115\">sub-group Ler\u00f8y Seafood Holding B.V., </span><span class=\"S1CAA SC8 S2\" id=\"t2y_115\">that also includes Ler\u00f8y Germany </span><span class=\"S1CAB SC8 S2\" id=\"t2z_115\">GmbH, the Swedish sub-group Ler\u00f8y </span><span class=\"S1CAC SC8 S2\" id=\"t30_115\">Sverige AB, the Danish sub-group </span><span class=\"S1CAD SC8 S2\" id=\"t31_115\">Ler\u00f8y Seafood Denmark A/S, the </span><span class=\"S1CAE SC8 S2\" id=\"t32_115\">French sub-group SAS Ler\u00f8y Seafood </span><span class=\"S1CAF SC8 S2\" id=\"t33_115\">France, the Spanish sub-group Ler\u00f8y </span><span class=\"S1CB0 SC8 S2\" id=\"t34_115\">Processing Spain S.L, in addition to </span><span class=\"S1CB1 SC8 S2\" id=\"t35_115\">Ler\u00f8y Seafood USA Inc, Ler\u00f8y Portugal </span><span class=\"S1CB2 SC8 S2\" id=\"t36_115\">Lda, Ler\u00f8y Finland OY, Ler\u00f8y Turkey, </span><span class=\"S1CB3 SC8 S2\" id=\"t37_115\">Leroy Seafood Italy Srl and Ler\u00f8y </span><span class=\"S1CB4 SC8 S2\" id=\"t38_115\">Seafood UK Ltd. </span><span class=\"S1CB5 SC8 S2\" id=\"t39_115\">The Norwegian entities Ler\u00f8y Seafood </span><span class=\"S1CB6 SC8 S2\" id=\"t3a_115\">Group ASA and Preline Fishfarming </span><span class=\"S1CB7 SC8 S2\" id=\"t3b_115\">System AS are not assigned to any of </span><span class=\"S1CB8 SC8 S2\" id=\"t3c_115\">the segments. </span><span class=\"S1CB9 SC7 S2\" id=\"t3d_115\">(F) Currency </span><span class=\"S1CBA S108 S2\" id=\"t3e_115\">The consolidated \ufb01nancial statements </span><span class=\"S1CBB S108 S2\" id=\"t3f_115\">are presented in NOK, the functional </span><span class=\"S1CBC S108 S2\" id=\"t3g_115\">currency for the parent company and </span><span class=\"S1CBD S108 S2\" id=\"t3h_115\">the Norwegian subsidiaries. Cash </span><span class=\"S1CBE S108 S2\" id=\"t3i_115\">items in foreign currency are valued </span><span class=\"S1CBF S108 S2\" id=\"t3j_115\">at the respective rates of exchange </span><span class=\"S1CC0 S108 S2\" id=\"t3k_115\">at the end of the \ufb01nancial year. Gains </span><span class=\"S1CC1 S108 S2\" id=\"t3l_115\">and losses on foreign currency </span><span class=\"S1CC2 S108 S2\" id=\"t3m_115\">related to the purchase and sale of </span><span class=\"S1CC3 S108 S2\" id=\"t3n_115\">goods are presented as part of the </span><span class=\"S1CC4 S108 S2\" id=\"t3o_115\">accounting line for \"Purchases\". See </span><span class=\"S1CC5 S108 S2\" id=\"t3p_115\">also item (V) on derivatives, including </span><span class=\"S1CC6 S108 S2\" id=\"t3q_115\">currency forward contracts utilised </span><span class=\"S1CC7 S108 S2\" id=\"t3r_115\">to control currency risk. </span><span class=\"S1CC8 SC7 S2\" id=\"t3s_115\">(G) Intangible assets </span><span class=\"S1CC9 S1C40 S2\" id=\"t3t_115\">Goodwill </span><span class=\"S1CCA SC8 S2\" id=\"t3u_115\">Goodwill represents the residual value </span><span class=\"S1CCB SC8 S2\" id=\"t3v_115\">that cannot be assigned to other </span><span class=\"S1CCC SC8 S2\" id=\"t3w_115\">assets or liabilities on acquisition of </span><span class=\"S1CCD SC8 S2\" id=\"t3x_115\">a company or other assets. Deferred </span><span class=\"S1CCE SC8 S2\" id=\"t3y_115\">tax at date of acquisition on licenses </span><span class=\"S1CCF SC8 S2\" id=\"t3z_115\">with unlimited lifetime, increases </span><span class=\"S1CD0 SC8 S2\" id=\"t40_115\">goodwill. Goodwill in respect of the </span><span class=\"S1CD1 SC8 S2\" id=\"t41_115\">acquisition of subsidiaries is included </span><span class=\"S1CD2 SC8 S2\" id=\"t42_115\">in intangible assets, while goodwill in </span><span class=\"S1CD3 SC8 S2\" id=\"t43_115\">connection with the acquisition of </span><span class=\"S1CD4 SC8 S2\" id=\"t44_115\">associates is included in the item </span><span class=\"S1CD5 SC8 S2\" id=\"t45_115\">\u201cShares in associates\u201d. From each </span><span class=\"S1CD6 SC8 S2\" id=\"t46_115\">business combination goodwill is </span><span class=\"S1CD7 SC8 S2\" id=\"t47_115\">allocated to a cash generating unit </span><span class=\"S1CD8 SC8 S2\" id=\"t48_115\">(CGU). Goodwill is not amortised </span><span class=\"S1CD9 SC8 S2\" id=\"t49_115\">(after 1 January 2004), but is reviewed </span><span class=\"S1CDA SC8 S2\" id=\"t4a_115\">annually for any impairment and </span><span class=\"S1CDB SC8 S2\" id=\"t4b_115\">carried on the balance sheet at cost </span><span class=\"S1CDC SC8 S2\" id=\"t4c_115\">price less accumulated write-downs. </span><span class=\"S1CDD SC8 S2\" id=\"t4d_115\">When assessing the need to write </span><span class=\"S1CDE SC8 S2\" id=\"t4e_115\">down the value of goodwill, this is </span><span class=\"S1CDF SC8 S2\" id=\"t4f_115\">allocated to applicable cash- </span><span class=\"S1CE0 SC8 S2\" id=\"t4g_115\">generating units. </span><span class=\"S1CE1 S1C40 S2\" id=\"t4h_115\">Licences/rights </span><span class=\"S1CE2 SC8 S2\" id=\"t4i_115\">The Group\u2019s licenses can be split into </span><span class=\"S1CE3 SC8 S2\" id=\"t4j_115\">two main groups: (1) Licences related </span><span class=\"S1CE4 SC8 S2\" id=\"t4k_115\">to farming and (2) licenses related to </span><span class=\"S1CE5 SC8 S2\" id=\"t4l_115\">wild catches (\ufb01shing rights). In </span><span class=\"S1CE7 SC8 S2\" id=\"t1_116\">allocates the consideration in the </span><span class=\"S1CE8 SC8 S2\" id=\"t2_116\">contract to the lease and the non- </span><span class=\"S1CE9 SC8 S2\" id=\"t3_116\">lease components based on their </span><span class=\"S1CEA SC8 S2\" id=\"t4_116\">relative stand-alone prices. This mainly </span><span class=\"S1CEB SC8 S2\" id=\"t5_116\">applies to the Group\u2019s time charter </span><span class=\"S1CEC SC8 S2\" id=\"t6_116\">rental agreements of wellboats, where </span><span class=\"S1CED SC8 S2\" id=\"t7_116\">the service element of the contracts </span><span class=\"S1CEE SC8 S2\" id=\"t8_116\">is a signi\ufb01cant non-lease component. </span><span class=\"S1CEF SC8 S2\" id=\"t9_116\">The non-lease component is excluded </span><span class=\"S1CF0 SC8 S2\" id=\"ta_116\">from the lease accounting and </span><span class=\"S1CF1 SC8 S2\" id=\"tb_116\">expensed directly in the income </span><span class=\"S1CF2 SC8 S2\" id=\"tc_116\">statement. </span><span class=\"S1CF3 SC8 S2\" id=\"td_116\">The Group has applied the lease </span><span class=\"S1CF4 SC8 S2\" id=\"te_116\">recognition exemptions for short </span><span class=\"S1C14 SC8 S2\" id=\"tf_116\">term lease contracts and low-value </span><span class=\"S1CF5 SC8 S2\" id=\"tg_116\">assets. Short terms leases represent </span><span class=\"S1CF6 SC8 S2\" id=\"th_116\">lease agreements shorter than 12 </span><span class=\"S1CF7 SC8 S2\" id=\"ti_116\">months from the date of the contract. </span><span class=\"S1C18 SC8 S2\" id=\"tj_116\">Low value assets represent lease </span><span class=\"S1CF8 SC8 S2\" id=\"tk_116\">agreements that are lower than \ufb01fty </span><span class=\"S1CF9 SC8 S2\" id=\"tl_116\">thousand Norwegian krones. Rent </span><span class=\"S1CFA SC8 S2\" id=\"tm_116\">paid on non-recognised leases are </span><span class=\"S1CFB SC8 S2\" id=\"tn_116\">presented in the note on leases. </span><span class=\"S1CFC SC8 S2\" id=\"to_116\">The Group distinguishes between </span><span class=\"S1CFD SC8 S2\" id=\"tp_116\">leases with credit institutions and </span><span class=\"S1CFE SC8 S2\" id=\"tq_116\">leases with others. The distinction is </span><span class=\"S1CFF SC8 S2\" id=\"tr_116\">shown in note on leases. Acquisition </span><span class=\"S1D00 SC8 S2\" id=\"ts_116\">of right-of-use assets from leases with </span><span class=\"S1D01 SC8 S2\" id=\"tt_116\">credit institutions is considered to be </span><span class=\"S1D02 SC8 S2\" id=\"tu_116\">investments in new assets, while </span><span class=\"S1D03 SC8 S2\" id=\"tv_116\">acquisition of right-of-use assets from </span><span class=\"S1D04 SC8 S2\" id=\"tw_116\">others than credit institutions is not. </span><span class=\"S1D05 SC8 S2\" id=\"tx_116\">This distinction is also applied on the </span><span class=\"S1D06 SC8 S2\" id=\"ty_116\">debt side, and in the de\ufb01nition of </span><span class=\"S1D07 SC8 S2\" id=\"tz_116\">NIBD. See note on APMs for further </span><span class=\"S1D08 SC8 S2\" id=\"t10_116\">information. </span><span class=\"S1D09 SC7 S2\" id=\"t11_116\">(I) Biological assets, loss-making </span><span class=\"S1D0A SC7 S2\" id=\"t12_116\">contracts and mortality expenses </span><span class=\"S1C2C SC8 S2\" id=\"t13_116\">The Group\u2019s biological assets </span><span class=\"S1D0B SC8 S2\" id=\"t14_116\">comprise live \ufb01sh, mainly salmon and </span><span class=\"S1D0C SC8 S2\" id=\"t15_116\">trout, at all stages of the life cycle. </span><span class=\"S1C2F SC8 S2\" id=\"t16_116\">The \ufb01sh are divided into two main </span><span class=\"S1D0D SC8 S2\" id=\"t17_116\">groups, depending on the stage of </span><span class=\"S1D0E SC8 S2\" id=\"t18_116\">the life cycle. At the earliest stage of </span><span class=\"S1D0F SC8 S2\" id=\"t19_116\">the life cycle, the \ufb01sh are classi\ufb01ed in </span><span class=\"S1D10 SC8 S2\" id=\"t1a_116\">group (1) roe, fry and juvenile \ufb01sh. </span><span class=\"S1D11 SC8 S2\" id=\"t1b_116\">During this stage, the \ufb01sh are kept on </span><span class=\"S1D12 SC8 S2\" id=\"t1c_116\">shore. When the \ufb01sh are large enough </span><span class=\"S1C36 SC8 S2\" id=\"t1d_116\">for release to sea, they are classi\ufb01ed </span><span class=\"S1D13 SC8 S2\" id=\"t1e_116\">in group (2) \ufb01sh in sea. The group for </span><span class=\"S1D14 SC8 S2\" id=\"t1f_116\">\ufb01sh in sea also comprises the subgroup </span><span class=\"S1D15 SC8 S2\" id=\"t1g_116\">for parent \ufb01sh, utilized to produce </span><span class=\"S1D16 SC8 S2\" id=\"t1h_116\">roe. As this subgroup is immaterial, it </span><span class=\"S1D17 SC8 S2\" id=\"t1i_116\">is dealt with in the same way as </span><span class=\"S1D18 SC8 S2\" id=\"t1j_116\">other \ufb01sh in sea. </span><span class=\"S1D19 SC8 S2\" id=\"t1k_116\">distinguishes between time-limited </span><span class=\"S1D1A SC8 S2\" id=\"t1l_116\">water rights, which are amortised </span><span class=\"S1D1B SC8 S2\" id=\"t1m_116\">over their lifetime, and water rights </span><span class=\"S1D1C SC8 S2\" id=\"t1n_116\">with no time limit, which are not </span><span class=\"S1D1D SC8 S2\" id=\"t1o_116\">amortised but are tested annually for </span><span class=\"S1D1E SC8 S2\" id=\"t1p_116\">impairment. Other intangible assets </span><span class=\"S1D1F SC8 S2\" id=\"t1q_116\">comprise rights that are amortised </span><span class=\"S1D20 SC8 S2\" id=\"t1r_116\">over their lifetime (contractual period). </span><span class=\"S1D21 SC7 S2\" id=\"t1s_116\">(H) Fixed assets and right-of-use assets </span><span class=\"S1D22 S1C40 S2\" id=\"t1t_116\">Fixed assets </span><span class=\"S1BDC SC8 S2\" id=\"t1u_116\">Fixed assets are measured at </span><span class=\"S1D23 SC8 S2\" id=\"t1v_116\">acquisition costs less accumulated </span><span class=\"S1BDE SC8 S2\" id=\"t1w_116\">depreciation and any accumulated </span><span class=\"S1D24 SC8 S2\" id=\"t1x_116\">impairment loss. The depreciation on </span><span class=\"S1D25 SC8 S2\" id=\"t1y_116\">\ufb01xed assets is allocated linearly over </span><span class=\"S1D26 SC8 S2\" id=\"t1z_116\">estimated useful life (depreciation </span><span class=\"S1D27 SC8 S2\" id=\"t20_116\">period). Signi\ufb01cant parts of \ufb01xed </span><span class=\"S1D28 SC8 S2\" id=\"t21_116\">assets that have different depreciation </span><span class=\"S1D29 SC8 S2\" id=\"t22_116\">periods are decomposed and </span><span class=\"S1D2A SC8 S2\" id=\"t23_116\">depreciated separately. The estimated </span><span class=\"S1D2B SC8 S2\" id=\"t24_116\">average useful life of \ufb01xed assets, </span><span class=\"S1D2C SC8 S2\" id=\"t25_116\">when decomposed, is estimated as: </span><span class=\"S1D2D S1D8A S2\" id=\"t26_116\">\u2022 </span><span class=\"S1D2E S7D7 S2\" id=\"t27_116\">Land: </span><span class=\"S1D2F S1D8A S2\" id=\"t28_116\">Lasting value </span><span class=\"S1D30 S1D8A S2\" id=\"t29_116\">\u2022 </span><span class=\"S1D31 S7D7 S2\" id=\"t2a_116\">Buildings and real estate: </span><span class=\"S1D32 S1D8A S2\" id=\"t2b_116\">20-25 years </span><span class=\"S1D33 S1D8A S2\" id=\"t2c_116\">\u2022 </span><span class=\"S1D34 S7D7 S2\" id=\"t2d_116\">Machinery and production </span><span class=\"S1D35 S7D7 S2\" id=\"t2e_116\">equipment: </span><span class=\"S1D36 S1D8A S2\" id=\"t2f_116\">5-15 years </span><span class=\"S1D37 S1D8A S2\" id=\"t2g_116\">\u2022 </span><span class=\"S1D38 S7D7 S2\" id=\"t2h_116\">Vessels: </span><span class=\"S1D39 S1D8A S2\" id=\"t2i_116\">25 years </span><span class=\"S1D3A S1D8A S2\" id=\"t2j_116\">\u2022 </span><span class=\"S1D3B S7D7 S2\" id=\"t2k_116\">Fixtures and other equipment etc. </span><span class=\"S1D3C S1D8A S2\" id=\"t2l_116\">2.5-5 years </span><span class=\"S1D3D S1C40 S2\" id=\"t2m_116\">Right-of-use assets </span><span class=\"S1D3E SC8 S2\" id=\"t2n_116\">Leases are measured as the present </span><span class=\"S1D3F SC8 S2\" id=\"t2o_116\">value of the remaining lease payments, </span><span class=\"S1D40 SC8 S2\" id=\"t2p_116\">discounted using the Group\u2019s </span><span class=\"S1D41 SC8 S2\" id=\"t2q_116\">incremental borrowing rate, and </span><span class=\"S1D42 SC8 S2\" id=\"t2r_116\">recognised from the date the leasing </span><span class=\"S1D43 SC8 S2\" id=\"t2s_116\">agreement starts. Options for </span><span class=\"S1D44 SC8 S2\" id=\"t2t_116\">extension periods are included in the </span><span class=\"S1D45 SC8 S2\" id=\"t2u_116\">leasing calculation when they are </span><span class=\"S1D46 SC8 S2\" id=\"t2v_116\">reasonably certain to be exercised. </span><span class=\"S1D47 SC8 S2\" id=\"t2w_116\">At time of initial recognition, the </span><span class=\"S1D48 SC8 S2\" id=\"t2x_116\">associated right-of use asset is </span><span class=\"S1D49 SC8 S2\" id=\"t2y_116\">measured at an amount equal to the </span><span class=\"S1D4A SC8 S2\" id=\"t2z_116\">lease liability, adjusted by the amount </span><span class=\"S1D4B SC8 S2\" id=\"t30_116\">of any prepaid or accrued lease </span><span class=\"S1D4C SC8 S2\" id=\"t31_116\">payments. The right-of-use asset is </span><span class=\"S1D4D SC8 S2\" id=\"t32_116\">depreciated linearly from the </span><span class=\"S1D4E SC8 S2\" id=\"t33_116\">commencement date to the earlier of </span><span class=\"S1D4F SC8 S2\" id=\"t34_116\">the end of the useful life of the right-of- </span><span class=\"S1D50 SC8 S2\" id=\"t35_116\">use asset or the end of the lease term. </span><span class=\"S1D51 SC8 S2\" id=\"t36_116\">For contracts containing both lease </span><span class=\"S1D52 SC8 S2\" id=\"t37_116\">and non-lease components, the Group </span><span class=\"S1D53 SC8 S2\" id=\"t38_116\">addition, the Group has some </span><span class=\"S1D54 SC8 S2\" id=\"t39_116\">intellectual property rights. </span><span class=\"S1D55 SC8 S2\" id=\"t3a_116\">Licences related to farming are not </span><span class=\"S1D56 SC8 S2\" id=\"t3b_116\">amortised. Licences are carried at </span><span class=\"S1BA1 SC8 S2\" id=\"t3c_116\">cost price less any accumulated </span><span class=\"S1D57 SC8 S2\" id=\"t3d_116\">write-downs. Licences are tested </span><span class=\"S1D58 SC8 S2\" id=\"t3e_116\">annually for impairment. An overview </span><span class=\"S1D59 SC8 S2\" id=\"t3f_116\">of the different licenses involved in </span><span class=\"S1D5A SC8 S2\" id=\"t3g_116\">this operating segment, in terms of </span><span class=\"S1D5B SC8 S2\" id=\"t3h_116\">type, number and volume, is provided </span><span class=\"S1D5C SC8 S2\" id=\"t3i_116\">in the note on intangible assets. A </span><span class=\"S1D5D SC8 S2\" id=\"t3j_116\">more detailed explanation supporting </span><span class=\"S1D5E SC8 S2\" id=\"t3k_116\">the assessment that the assets have </span><span class=\"S1D5F SC8 S2\" id=\"t3l_116\">an inde\ufb01nite useful life is provided in </span><span class=\"S1D60 SC8 S2\" id=\"t3m_116\">item (X) at the end of the description </span><span class=\"S1D61 SC8 S2\" id=\"t3n_116\">of accounting policies. </span><span class=\"S1D62 SC8 S2\" id=\"t3o_116\">Fishing rights (the licenses) are valued </span><span class=\"S1D63 SC8 S2\" id=\"t3p_116\">at acquisition cost minus any </span><span class=\"S1D64 SC8 S2\" id=\"t3q_116\">accumulated amortisation and </span><span class=\"S1D65 SC8 S2\" id=\"t3r_116\">impairment loss. The licenses comprise </span><span class=\"S1D66 SC8 S2\" id=\"t3s_116\">basic quotas with no time limit and </span><span class=\"S1D67 SC8 S2\" id=\"t3t_116\">structural quotas with a time limit of </span><span class=\"S1D68 SC8 S2\" id=\"t3u_116\">20 and 25 years respectively. The </span><span class=\"S1D69 SC8 S2\" id=\"t3v_116\">structural quotas have a de\ufb01nite </span><span class=\"S1D6A SC8 S2\" id=\"t3w_116\">useful life and are amortised over the </span><span class=\"S1D6B SC8 S2\" id=\"t3x_116\">length of the structural period. The </span><span class=\"S1D6C SC8 S2\" id=\"t3y_116\">basic quotas have an inde\ufb01nite useful </span><span class=\"S1D6D SC8 S2\" id=\"t3z_116\">life and are not amortised, but they </span><span class=\"S1D6E SC8 S2\" id=\"t40_116\">are tested annually for impairment. </span><span class=\"S1D6F SC8 S2\" id=\"t41_116\">The structural quotas are amortised </span><span class=\"S1D70 SC8 S2\" id=\"t42_116\">over the remaining life of the quota </span><span class=\"S1D71 SC8 S2\" id=\"t43_116\">until the value is zero, as there is no </span><span class=\"S1D72 SC8 S2\" id=\"t44_116\">active market for the rights or any </span><span class=\"S1D73 SC8 S2\" id=\"t45_116\">commitment from a third party to </span><span class=\"S1D74 SC8 S2\" id=\"t46_116\">acquire the right once its useful life is </span><span class=\"S1D75 SC8 S2\" id=\"t47_116\">over. Pursuant to White Paper no. 21 </span><span class=\"S1D76 SC8 S2\" id=\"t48_116\">(2006-2007) (Structural policy for the </span><span class=\"S1D77 SC8 S2\" id=\"t49_116\">\ufb01shing \ufb02eet), the structural quotas </span><span class=\"S1D78 SC8 S2\" id=\"t4a_116\">with pre-speci\ufb01ed time limits after </span><span class=\"S1D79 SC8 S2\" id=\"t4b_116\">expiry of the allocation period will be </span><span class=\"S1D7A SC8 S2\" id=\"t4c_116\">redistributed among the \"cod trawler\" </span><span class=\"S1D7B SC8 S2\" id=\"t4d_116\">group of vessels, thereby becoming </span><span class=\"S1D7C SC8 S2\" id=\"t4e_116\">part of the vessels\u2019 basic quota. This </span><span class=\"S1D7D SC8 S2\" id=\"t4f_116\">implies that if a vessel has structures </span><span class=\"S1D7E SC8 S2\" id=\"t4g_116\">that are in accordance with the </span><span class=\"S1D7F SC8 S2\" id=\"t4h_116\">average for the group of vessels, a </span><span class=\"S1D80 SC8 S2\" id=\"t4i_116\">vessel will be able to maintain </span><span class=\"S1D81 SC8 S2\" id=\"t4j_116\">practically the same catch volume once </span><span class=\"S1D82 SC8 S2\" id=\"t4k_116\">the period for the structural quotas has </span><span class=\"S1D83 SC8 S2\" id=\"t4l_116\">expired. More detailed information </span><span class=\"S1D84 SC8 S2\" id=\"t4m_116\">on licenses/\ufb01shing rights is provided </span><span class=\"S1BCD SC8 S2\" id=\"t4n_116\">in note on intangible assets. </span><span class=\"S1D85 SC8 S2\" id=\"t4o_116\">The major share of other intangible </span><span class=\"S1D86 SC8 S2\" id=\"t4p_116\">assets comprises water rights within </span><span class=\"S1D87 SC8 S2\" id=\"t4q_116\">farming (smolt production). The Group </span><span class=\"S1D89 S18EC S2\" id=\"t4y_116\">NOTE 1 cont. </span><span class=\"S1C3F S18EC S2\" id=\"t4z_116\">Accounting policies </span><span class=\"S1D8B SC8 S2\" id=\"t1_117\">Estimated biomass (volume) is based </span><span class=\"S1D8C SC8 S2\" id=\"t2_117\">on the actual number of individuals </span><span class=\"S1D8D SC8 S2\" id=\"t3_117\">in the sea on the balance sheet date, </span><span class=\"S1D8E SC8 S2\" id=\"t4_117\">adjusted to cover projected mortality </span><span class=\"S1D8F SC8 S2\" id=\"t5_117\">up to harvest date and multiplied by </span><span class=\"S1D90 SC8 S2\" id=\"t6_117\">the estimated weight per individual at </span><span class=\"S1D91 SC8 S2\" id=\"t7_117\">the time of harvest. The measurement </span><span class=\"S1D92 SC8 S2\" id=\"t8_117\">unit is the individual \ufb01sh. However, for </span><span class=\"S1D93 SC8 S2\" id=\"t9_117\">practical reasons, these estimates are </span><span class=\"S1D94 SC8 S2\" id=\"ta_117\">carried out per locality. The live weight </span><span class=\"S1D95 SC8 S2\" id=\"tb_117\">of \ufb01sh in the sea is translated to </span><span class=\"S1D96 SC8 S2\" id=\"tc_117\">gutted weight in order to arrive at the </span><span class=\"S1D97 SC8 S2\" id=\"td_117\">same measurement unit as for pricing. </span><span class=\"S1CBC SC8 S2\" id=\"te_117\">Pricing is based on the Fish Pool </span><span class=\"S1D98 SC8 S2\" id=\"tf_117\">forward prices. The reason for this is </span><span class=\"S1D99 SC8 S2\" id=\"tg_117\">that the observable forward prices </span><span class=\"S1D9A SC8 S2\" id=\"th_117\">at Fish Pool are recognised as the </span><span class=\"S1D9B SC8 S2\" id=\"ti_117\">best approach to a hypothetical price </span><span class=\"S1D9C SC8 S2\" id=\"tj_117\">of salmon. The volume of trout sales </span><span class=\"S1D9D SC8 S2\" id=\"tk_117\">in Norway is signi\ufb01cantly lower, and </span><span class=\"S1D9E SC8 S2\" id=\"tl_117\">there are no corresponding </span><span class=\"S1D9F SC8 S2\" id=\"tm_117\">observable market prices. Historically, </span><span class=\"S1DA0 SC8 S2\" id=\"tn_117\">however, trout prices have been </span><span class=\"S1DA1 SC8 S2\" id=\"to_117\">closely correlated to salmon prices. </span><span class=\"S1DA2 SC8 S2\" id=\"tp_117\">The forward prices for salmon are </span><span class=\"S1DA3 SC8 S2\" id=\"tq_117\">therefore applied as a starting point </span><span class=\"S1DA4 SC8 S2\" id=\"tr_117\">for estimates of the fair value of trout. </span><span class=\"S1DA5 SC8 S2\" id=\"ts_117\">The forward price for the month in </span><span class=\"S1DA6 SC8 S2\" id=\"tt_117\">which the \ufb01sh is expected to be </span><span class=\"S1DA7 SC8 S2\" id=\"tu_117\">harvested is applied in order to </span><span class=\"S1DA8 SC8 S2\" id=\"tv_117\">estimate cash \ufb02ow. The price stipulated </span><span class=\"S1DA9 SC8 S2\" id=\"tw_117\">by Fish Pool is adjusted to take into </span><span class=\"S1DAA SC8 S2\" id=\"tx_117\">account export costs and clearing </span><span class=\"S1DAB SC8 S2\" id=\"ty_117\">costs, and represents the reference </span><span class=\"S1DAC SC8 S2\" id=\"tz_117\">price. This price is then adjusted to </span><span class=\"S1DAD SC8 S2\" id=\"t10_117\">account for estimated harvest cost </span><span class=\"S1DAE SC8 S2\" id=\"t11_117\">(well boat, slaughter and boxing) </span><span class=\"S1DAF SC8 S2\" id=\"t12_117\">and transport to Oslo. Adjustments </span><span class=\"S1DB0 SC8 S2\" id=\"t13_117\">are also made for any estimated </span><span class=\"S1DB1 SC8 S2\" id=\"t14_117\">differences in size and quality. The </span><span class=\"S1DB2 SC8 S2\" id=\"t15_117\">adjustments to the reference price </span><span class=\"S1DB3 SC8 S2\" id=\"t16_117\">are made per locality. Joint regional </span><span class=\"S1DB4 SC8 S2\" id=\"t17_117\">parameters are applied, unless </span><span class=\"S1DB5 SC8 S2\" id=\"t18_117\">factors speci\ufb01c to an individual </span><span class=\"S1DB6 SC8 S2\" id=\"t19_117\">locality require otherwise. </span><span class=\"S1DB7 SC8 S2\" id=\"t1a_117\">Changes to estimated fair value for </span><span class=\"S1DB8 SC8 S2\" id=\"t1b_117\">biological assets, according to IAS 41, </span><span class=\"S1DB9 SC8 S2\" id=\"t1c_117\">are recorded through pro\ufb01t or loss and </span><span class=\"S1DBA SC8 S2\" id=\"t1d_117\">presented on the line for fair value </span><span class=\"S1DBB SC8 S2\" id=\"t1e_117\">adjustments related to biological </span><span class=\"S1DBC SC8 S2\" id=\"t1f_117\">assets. The accounting line for fair </span><span class=\"S1DBD SC8 S2\" id=\"t1g_117\">value adjustments related to biological </span><span class=\"S1DBE SC8 S2\" id=\"t1h_117\">assets in the income statement </span><span class=\"S1DBF SC8 S2\" id=\"t1i_117\">comprises three elements; (1) change </span><span class=\"S1DC0 SC8 S2\" id=\"t1j_117\">in fair value adjustment of stock of </span><span class=\"S1DC1 SC8 S2\" id=\"t1k_117\">\ufb01sh in sea, (2) change in fair value of </span><span class=\"S1DC2 SC8 S2\" id=\"t1l_117\">recalculation factor from gutted weight </span><span class=\"S1DC3 SC8 S2\" id=\"t1m_117\">to live weight, see note on biological </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_117\">assets. As of 31.12 this corresponds to </span><span class=\"S1DC5 SC8 S2\" id=\"t1o_117\">a live weight of 4.65 kg for salmon and </span><span class=\"S1DC6 SC8 S2\" id=\"t1p_117\">4.76 kg for trout. Fish with a live weight </span><span class=\"S1DC7 SC8 S2\" id=\"t1q_117\">equal to this or more, are classi\ufb01ed </span><span class=\"S1DC8 SC8 S2\" id=\"t1r_117\">as ready for slaughter (mature \ufb01sh), </span><span class=\"S1DC9 SC8 S2\" id=\"t1s_117\">while \ufb01sh that have still not achieved </span><span class=\"S1DCA SC8 S2\" id=\"t1t_117\">this weight are classi\ufb01ed as not ready </span><span class=\"S1DCB SC8 S2\" id=\"t1u_117\">for harvest (immature \ufb01sh). For \ufb01sh </span><span class=\"S1DCC SC8 S2\" id=\"t1v_117\">ready for harvest, the highest and </span><span class=\"S1DCD SC8 S2\" id=\"t1w_117\">best use is de\ufb01ned as harvesting and </span><span class=\"S1DCE SC8 S2\" id=\"t1x_117\">selling the \ufb01sh as quickly as possible </span><span class=\"S1DCF SC8 S2\" id=\"t1y_117\">in the month following the balance </span><span class=\"S1DD0 SC8 S2\" id=\"t1z_117\">sheet date. For \ufb01sh not yet ready for </span><span class=\"S1DD1 SC8 S2\" id=\"t20_117\">harvest, the highest and best use is </span><span class=\"S1DD2 SC8 S2\" id=\"t21_117\">in principle de\ufb01ned as growing the </span><span class=\"S1DD3 SC8 S2\" id=\"t22_117\">\ufb01sh to optimal weight for harvest, </span><span class=\"S1DD4 SC8 S2\" id=\"t23_117\">then harvesting and selling the \ufb01sh. </span><span class=\"S1DD5 SC8 S2\" id=\"t24_117\">The harvest date applied in the </span><span class=\"S1DD6 SC8 S2\" id=\"t25_117\">valuation may however be brought </span><span class=\"S1DD7 SC8 S2\" id=\"t26_117\">forward if required by situations at a </span><span class=\"S1DD8 SC8 S2\" id=\"t27_117\">speci\ufb01c locality. Such situations may </span><span class=\"S1DD9 SC8 S2\" id=\"t28_117\">involve biological challenges </span><span class=\"S1DDA SC8 S2\" id=\"t29_117\">(disease, salmon lice infestation etc.). </span><span class=\"S1DDB SC8 S2\" id=\"t2a_117\">The cash \ufb02ow-based present value </span><span class=\"S1DDC SC8 S2\" id=\"t2b_117\">model does not rely on historical and </span><span class=\"S1DDD SC8 S2\" id=\"t2c_117\">company-speci\ufb01c factors. On a </span><span class=\"S1DDE SC8 S2\" id=\"t2d_117\">hypothetical market with perfect </span><span class=\"S1DDF SC8 S2\" id=\"t2e_117\">competition, a hypothetical buyer of </span><span class=\"S1DE0 SC8 S2\" id=\"t2f_117\">live \ufb01sh would be willing to pay as a </span><span class=\"S1DE1 SC8 S2\" id=\"t2g_117\">maximum the present value of the </span><span class=\"S1DE2 SC8 S2\" id=\"t2h_117\">estimated future pro\ufb01t from the sale </span><span class=\"S1DE3 SC8 S2\" id=\"t2i_117\">of the \ufb01sh when it is ready for harvest. </span><span class=\"S1DE4 SC8 S2\" id=\"t2j_117\">The estimated future pro\ufb01t, taking </span><span class=\"S1DE5 SC8 S2\" id=\"t2k_117\">into account all price adjustments </span><span class=\"S1DE6 SC8 S2\" id=\"t2l_117\">and payable fees for completion, </span><span class=\"S1DE7 SC8 S2\" id=\"t2m_117\">constitutes the cash \ufb02ow. </span><span class=\"S1DE8 SC8 S2\" id=\"t2n_117\">Incoming cash \ufb02ow is calculated as a </span><span class=\"S1DE9 SC8 S2\" id=\"t2o_117\">function of estimated volume </span><span class=\"S1DEA SC8 S2\" id=\"t2p_117\">multiplied by estimated price. For </span><span class=\"S1DEB SC8 S2\" id=\"t2q_117\">\ufb01sh not ready for harvest, a deduction </span><span class=\"S1DEC SC8 S2\" id=\"t2r_117\">is made to cover estimated residual </span><span class=\"S1DED SC8 S2\" id=\"t2s_117\">costs to grow the \ufb01sh to the optimal </span><span class=\"S1DEE SC8 S2\" id=\"t2t_117\">weight for harvest. The cash \ufb02ow is </span><span class=\"S1DEF SC8 S2\" id=\"t2u_117\">discounted monthly by a discount rate. </span><span class=\"S1DF0 SC8 S2\" id=\"t2v_117\">The discount rate comprises three main </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_117\">components: (1) the risk of incidents </span><span class=\"S1DF2 SC8 S2\" id=\"t2x_117\">that have an effect on cash \ufb02ow, (2) </span><span class=\"S1DF3 SC8 S2\" id=\"t2y_117\">hypothetical license lease and (3) the </span><span class=\"S1DF4 SC8 S2\" id=\"t2z_117\">time value of money. Please refer to </span><span class=\"S1DF5 SC8 S2\" id=\"t30_117\">the note on signi\ufb01cant accounting </span><span class=\"S1DF6 SC8 S2\" id=\"t31_117\">estimates and assessments for more </span><span class=\"S1DF7 SC8 S2\" id=\"t32_117\">detailed information on discounts, </span><span class=\"S1DF8 SC8 S2\" id=\"t33_117\">and sensitivity analysis. </span><span class=\"S1DF9 SC8 S2\" id=\"t34_117\">The stock of \ufb01sh, in addition to salmon </span><span class=\"S1DFA SC8 S2\" id=\"t35_117\">and trout, also comprises cleaner \ufb01sh. </span><span class=\"S1DFB SC8 S2\" id=\"t36_117\">This species of \ufb01sh is utilized during </span><span class=\"S1DFC SC8 S2\" id=\"t37_117\">production of salmon and trout as a </span><span class=\"S1C44 SC8 S2\" id=\"t38_117\">means of eliminating salmon lice. </span><span class=\"S1DFD SC8 S2\" id=\"t39_117\">Despite the signi\ufb01cant number of </span><span class=\"S1DFE SC8 S2\" id=\"t3a_117\">cleaner \ufb01sh produced by the Group, </span><span class=\"S1DFF SC8 S2\" id=\"t3b_117\">both the volume and value of this </span><span class=\"S1E00 SC8 S2\" id=\"t3c_117\">species are relatively low and are </span><span class=\"S1E01 SC8 S2\" id=\"t3d_117\">immaterial for the consolidated </span><span class=\"S1E02 SC8 S2\" id=\"t3e_117\">\ufb01nancial statements. To simplify </span><span class=\"S1E03 SC8 S2\" id=\"t3f_117\">accounting, this species is therefore </span><span class=\"S1E04 SC8 S2\" id=\"t3g_117\">grouped with roe, fry and juvenile \ufb01sh. </span><span class=\"S1E05 SC8 S2\" id=\"t3h_117\">Biological assets are regulated by </span><span class=\"S1E06 SC8 S2\" id=\"t3i_117\">IAS 41 Agriculture. The main rule is that </span><span class=\"S1E07 SC8 S2\" id=\"t3j_117\">biological assets shall be measured </span><span class=\"S1E08 SC8 S2\" id=\"t3k_117\">at fair value minus sales costs unless </span><span class=\"S1E09 SC8 S2\" id=\"t3l_117\">fair value cannot be reliably measured. </span><span class=\"S1E0A SC8 S2\" id=\"t3m_117\">Measurement of fair value is regulated </span><span class=\"S1E0B SC8 S2\" id=\"t3n_117\">by IFRS 13. \u2018Fair value\u2019 refers to the price </span><span class=\"S1E0C SC8 S2\" id=\"t3o_117\">that would have been achieved on sale </span><span class=\"S1E0D SC8 S2\" id=\"t3p_117\">of the asset in an orderly transaction </span><span class=\"S1E0E SC8 S2\" id=\"t3q_117\">between market participants at the </span><span class=\"S1E0F SC8 S2\" id=\"t3r_117\">measurement date under the </span><span class=\"S1E10 SC8 S2\" id=\"t3s_117\">prevailing market conditions. </span><span class=\"S1E11 SC8 S2\" id=\"t3t_117\">For roe, fry and juvenile \ufb01sh, in addition </span><span class=\"S1E12 SC8 S2\" id=\"t3u_117\">to cleaner \ufb01sh, historical cost is </span><span class=\"S1E13 SC8 S2\" id=\"t3v_117\">deemed a reasonable approach to </span><span class=\"S1E14 SC8 S2\" id=\"t3w_117\">fair value, as there is little biological </span><span class=\"S1E15 SC8 S2\" id=\"t3x_117\">transformation (IAS 41.24). This </span><span class=\"S1E16 SC8 S2\" id=\"t3y_117\">assessment must be seen in light of </span><span class=\"S1E17 SC8 S2\" id=\"t3z_117\">the fact that smolt are currently </span><span class=\"S1E18 SC8 S2\" id=\"t40_117\">released to sea at a stage when their </span><span class=\"S1E19 SC8 S2\" id=\"t41_117\">weight is still relatively low. At the </span><span class=\"S1E1A SC8 S2\" id=\"t42_117\">same time, this group still comprises a </span><span class=\"S1E1B SC8 S2\" id=\"t43_117\">limited share of the Group\u2019s biological </span><span class=\"S1E1C SC8 S2\" id=\"t44_117\">assets measured in terms of both </span><span class=\"S1E1D SC8 S2\" id=\"t45_117\">volume and value. If changes emerge </span><span class=\"S1E1E SC8 S2\" id=\"t46_117\">in the future implying that the smolt </span><span class=\"S1E1F SC8 S2\" id=\"t47_117\">produced are signi\ufb01cantly larger when </span><span class=\"S1E20 SC8 S2\" id=\"t48_117\">released to sea, a new assessment </span><span class=\"S1E21 SC8 S2\" id=\"t49_117\">will be required. </span><span class=\"S1E22 SC8 S2\" id=\"t4a_117\">For </span><span class=\"S1E23 S1E31 S2\" id=\"t4b_117\">\ufb01sh in sea</span><span class=\"S1E24 SC8 S2\" id=\"t4c_117\">, the fair value is </span><span class=\"S1E25 SC8 S2\" id=\"t4d_117\">calculated by applying a cash \ufb02ow </span><span class=\"S1E26 SC8 S2\" id=\"t4e_117\">based present value model at level </span><span class=\"S1E27 SC8 S2\" id=\"t4f_117\">three in the fair value hierarchy in </span><span class=\"S1E28 SC8 S2\" id=\"t4g_117\">IFRS 13. In line with IFRS 13, the highest </span><span class=\"S1C70 SC8 S2\" id=\"t4h_117\">and best use of the biological assets </span><span class=\"S1E29 SC8 S2\" id=\"t4i_117\">is applied for the valuation. In </span><span class=\"S1E2A SC8 S2\" id=\"t4j_117\">accordance with the principle for </span><span class=\"S1E2B SC8 S2\" id=\"t4k_117\">highest and best use, the Group </span><span class=\"S1E2C SC8 S2\" id=\"t4l_117\">considers that the \ufb01sh have optimal </span><span class=\"S1E2D SC8 S2\" id=\"t4m_117\">weight for harvest when they have a </span><span class=\"S1E2E SC8 S2\" id=\"t4n_117\">live weight corresponding to 4 kg </span><span class=\"S1E2F SC8 S2\" id=\"t4o_117\">gutted weight. For information on </span><span class=\"S1E32 SC8 S2\" id=\"t1_118\">company is eliminated. Accounting </span><span class=\"S1E33 SC8 S2\" id=\"t2_118\">policies for associates and joint </span><span class=\"S1E34 SC8 S2\" id=\"t3_118\">ventures are changed whenever </span><span class=\"S1E35 SC8 S2\" id=\"t4_118\">necessary to ensure consistency with </span><span class=\"S1C0A SC8 S2\" id=\"t5_118\">the accounting policies applied for </span><span class=\"S1C0B SC8 S2\" id=\"t6_118\">the Group (IFRS). </span><span class=\"S1E36 SC7 S2\" id=\"t7_118\">(M) Liquid assets </span><span class=\"S1E37 SC8 S2\" id=\"t8_118\">Liquid assets consist of cash in hand </span><span class=\"S1CF0 SC8 S2\" id=\"t9_118\">and bank deposits and are valued at </span><span class=\"S1E38 SC8 S2\" id=\"ta_118\">the exchange rates on the balance </span><span class=\"S1E39 SC8 S2\" id=\"tb_118\">sheet date. In the Cash Flow Statement </span><span class=\"S1E3A SC8 S2\" id=\"tc_118\">it is speci\ufb01ed how much that is </span><span class=\"S1E3B SC8 S2\" id=\"td_118\">restricted funds. </span><span class=\"S1E3C SC7 S2\" id=\"te_118\">N) Pensions </span><span class=\"S1E3D SC8 S2\" id=\"tf_118\">The Group mainly has de\ufb01ned </span><span class=\"S1E3E SC8 S2\" id=\"tg_118\">contribution plans, but also a few </span><span class=\"S1E3F SC8 S2\" id=\"th_118\">remaining de\ufb01ned bene\ufb01t plans that </span><span class=\"S1E40 SC8 S2\" id=\"ti_118\">are now closed. In general, the pension </span><span class=\"S1E41 SC8 S2\" id=\"tj_118\">plans are \ufb01nanced via payments to </span><span class=\"S1C1A SC8 S2\" id=\"tk_118\">insurance companies or pension </span><span class=\"S1E42 SC8 S2\" id=\"tl_118\">funds based on periodical actuarial </span><span class=\"S1E43 SC8 S2\" id=\"tm_118\">calculations. </span><span class=\"S1E44 SC8 S2\" id=\"tn_118\">A de\ufb01ned contribution plan is a pension </span><span class=\"S1E45 SC8 S2\" id=\"to_118\">plan where the Group pays a \ufb01xed </span><span class=\"S1E46 SC8 S2\" id=\"tp_118\">amount to a separate legal entity. </span><span class=\"S1CFF SC8 S2\" id=\"tq_118\">The Group has no statutory or other </span><span class=\"S1E47 SC8 S2\" id=\"tr_118\">obligation to pay additional </span><span class=\"S1E48 SC8 S2\" id=\"ts_118\">contributions. </span><span class=\"S1E49 SC8 S2\" id=\"tt_118\">A de\ufb01ned bene\ufb01t pension plan is one </span><span class=\"S1E4A SC8 S2\" id=\"tu_118\">that is not contributory. A typical </span><span class=\"S1D05 SC8 S2\" id=\"tv_118\">de\ufb01ned bene\ufb01t pension plan de\ufb01nes </span><span class=\"S1E4B SC8 S2\" id=\"tw_118\">a pension payment that the employee </span><span class=\"S1E4C SC8 S2\" id=\"tx_118\">will receive upon retirement. The </span><span class=\"S1E4D SC8 S2\" id=\"ty_118\">payment is typically dependent on </span><span class=\"S1E4E SC8 S2\" id=\"tz_118\">factors such as age, number of years </span><span class=\"S1E4F SC8 S2\" id=\"t10_118\">in the company and wage level. </span><span class=\"S1E50 SC8 S2\" id=\"t11_118\">The capitalised commitment </span><span class=\"S1E51 SC8 S2\" id=\"t12_118\">associated with de\ufb01ned bene\ufb01t plans </span><span class=\"S1E52 SC8 S2\" id=\"t13_118\">is the present value of the de\ufb01ned </span><span class=\"S1E53 SC8 S2\" id=\"t14_118\">bene\ufb01ts on the balance sheet date </span><span class=\"S1D0D SC8 S2\" id=\"t15_118\">less fair value of the pension. Pension </span><span class=\"S1E54 SC8 S2\" id=\"t16_118\">liability is calculated annually by an </span><span class=\"S1E55 SC8 S2\" id=\"t17_118\">independent actuary according to </span><span class=\"S1E56 SC8 S2\" id=\"t18_118\">the straight-line accrual method. The </span><span class=\"S1E57 SC8 S2\" id=\"t19_118\">present value of de\ufb01ned bene\ufb01ts is </span><span class=\"S1E58 SC8 S2\" id=\"t1a_118\">found by discounting estimated future </span><span class=\"S1E59 SC8 S2\" id=\"t1b_118\">payments by the interest rate on a </span><span class=\"S1E5A SC8 S2\" id=\"t1c_118\">bond issued by a company with a high </span><span class=\"S1E5B SC8 S2\" id=\"t1d_118\">credit rating in the same currency as </span><span class=\"S1E5C SC8 S2\" id=\"t1e_118\">the bene\ufb01ts will be paid, and with a </span><span class=\"S1C39 SC8 S2\" id=\"t1f_118\">maturity approximately equal to the </span><span class=\"S1E5D SC8 S2\" id=\"t1g_118\">duration of the associated pension </span><span class=\"S1E5E SC8 S2\" id=\"t1h_118\">liability. In countries that do not have </span><span class=\"S1D53 SC8 S2\" id=\"t1i_118\">onerous contracts and (3) change in </span><span class=\"S1E5F SC8 S2\" id=\"t1j_118\">fair value of unrealised gain/loss </span><span class=\"S1E60 SC8 S2\" id=\"t1k_118\">related to \ufb01nancial purchase and </span><span class=\"S1E61 SC8 S2\" id=\"t1l_118\">sale contracts for \ufb01sh in Fish Pool, </span><span class=\"S1E62 SC8 S2\" id=\"t1m_118\">recognised as value-hedges. </span><span class=\"S1E63 SC8 S2\" id=\"t1n_118\">Onerous contracts are contracts where </span><span class=\"S1E64 SC8 S2\" id=\"t1o_118\">the expenses of ful\ufb01lling the contracts </span><span class=\"S1E65 SC8 S2\" id=\"t1p_118\">are higher than the economic yield the </span><span class=\"S1E66 SC8 S2\" id=\"t1q_118\">company expects to gain by ful\ufb01lling </span><span class=\"S1E67 SC8 S2\" id=\"t1r_118\">the contracts. The Group enters into </span><span class=\"S1BA7 SC8 S2\" id=\"t1s_118\">contracts related to future deliveries </span><span class=\"S1E68 SC8 S2\" id=\"t1t_118\">of salmon and trout. As biological </span><span class=\"S1E69 SC8 S2\" id=\"t1u_118\">assets are recognised at fair value, </span><span class=\"S1E6A SC8 S2\" id=\"t1v_118\">this fair value will be included in the </span><span class=\"S1E6B SC8 S2\" id=\"t1w_118\">estimated expenses required to ful\ufb01l </span><span class=\"S1E6C SC8 S2\" id=\"t1x_118\">the contract. As a result, physical </span><span class=\"S1E6D SC8 S2\" id=\"t1y_118\">delivery contracts where the </span><span class=\"S1E6E SC8 S2\" id=\"t1z_118\">contractual price is lower than the price </span><span class=\"S1E6F SC8 S2\" id=\"t20_118\">on which fair value estimation of the </span><span class=\"S1BAF SC8 S2\" id=\"t21_118\">biological assets was based will be </span><span class=\"S1E70 SC8 S2\" id=\"t22_118\">de\ufb01ned as onerous contracts according </span><span class=\"S1D66 SC8 S2\" id=\"t23_118\">to IAS 37, even if the contractual price </span><span class=\"S1E71 SC8 S2\" id=\"t24_118\">is higher than the production costs </span><span class=\"S1E72 SC8 S2\" id=\"t25_118\">for the products. The provision is </span><span class=\"S1E73 SC8 S2\" id=\"t26_118\">classi\ufb01ed as other short-term debt. </span><span class=\"S1E74 SC8 S2\" id=\"t27_118\">As the \ufb01nancial statements also </span><span class=\"S1E75 SC8 S2\" id=\"t28_118\">present production costs for the stock </span><span class=\"S1E76 SC8 S2\" id=\"t29_118\">of live \ufb01sh, the reporting of mortality </span><span class=\"S1E77 SC8 S2\" id=\"t2a_118\">is of signi\ufb01cance. Costs related to </span><span class=\"S1E78 SC8 S2\" id=\"t2b_118\">abnormal mortality are immediately </span><span class=\"S1E79 SC8 S2\" id=\"t2c_118\">recognised through pro\ufb01t or loss and </span><span class=\"S1E7A SC8 S2\" id=\"t2d_118\">presented on the line for changes in </span><span class=\"S1D72 SC8 S2\" id=\"t2e_118\">inventory, while normal waste is </span><span class=\"S1E7B SC8 S2\" id=\"t2f_118\">classi\ufb01ed as part of production costs. </span><span class=\"S1E7C SC8 S2\" id=\"t2g_118\">Fair value of biological assets is not </span><span class=\"S1E7D SC8 S2\" id=\"t2h_118\">affected by the principle for reporting </span><span class=\"S1E7E SC8 S2\" id=\"t2i_118\">mortality costs. The extent to which </span><span class=\"S1E7F SC8 S2\" id=\"t2j_118\">mortality is normal or abnormal </span><span class=\"S1E80 SC8 S2\" id=\"t2k_118\">requires assessment. The Group makes </span><span class=\"S1E81 SC8 S2\" id=\"t2l_118\">use of a common indicator and </span><span class=\"S1E82 SC8 S2\" id=\"t2m_118\">threshold for all farming units. If in one </span><span class=\"S1D7B SC8 S2\" id=\"t2n_118\">month mortality at a locality exceeds </span><span class=\"S1E83 SC8 S2\" id=\"t2o_118\">1.5% of the incoming number of \ufb01sh at </span><span class=\"S1E84 SC8 S2\" id=\"t2p_118\">the locality, this is classi\ufb01ed as an </span><span class=\"S1E85 SC8 S2\" id=\"t2q_118\">indication of abnormal mortality. </span><span class=\"S1E86 SC8 S2\" id=\"t2r_118\">A more detailed assessment is then </span><span class=\"S1E87 SC8 S2\" id=\"t2s_118\">carried out to establish whether </span><span class=\"S1E88 SC8 S2\" id=\"t2t_118\">mortality is abnormal. These </span><span class=\"S1E89 SC8 S2\" id=\"t2u_118\">assessments take into account the </span><span class=\"S1E8A SC8 S2\" id=\"t2v_118\">cause of mortality and the size of the </span><span class=\"S1E8B SC8 S2\" id=\"t2w_118\">\ufb01sh. Please refer to the note on </span><span class=\"S1E8C SC8 S2\" id=\"t2x_118\">biological assets for a more detailed </span><span class=\"S1E8D SC8 S2\" id=\"t2y_118\">description of mortality costs and </span><span class=\"S1E8E SC8 S2\" id=\"t2z_118\">incidents that have caused abnormal </span><span class=\"S1E8F SC8 S2\" id=\"t30_118\">mortality. </span><span class=\"S1E90 SC7 S2\" id=\"t31_118\">(J) Inventory </span><span class=\"S1E91 SC8 S2\" id=\"t32_118\">Inventories of purchased goods are </span><span class=\"S1E92 SC8 S2\" id=\"t33_118\">valued at the lower of acquisition cost </span><span class=\"S1E93 SC8 S2\" id=\"t34_118\">and estimated sales value less sales </span><span class=\"S1E94 SC8 S2\" id=\"t35_118\">costs. In-house-produced \ufb01nished </span><span class=\"S1E95 SC8 S2\" id=\"t36_118\">goods and semi-\ufb01nished goods are </span><span class=\"S1D1F SC8 S2\" id=\"t37_118\">valued at full production cost. Write- </span><span class=\"S1E96 SC8 S2\" id=\"t38_118\">downs are made for quanti\ufb01able </span><span class=\"S1E97 SC8 S2\" id=\"t39_118\">obsolescence. </span><span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span><span class=\"S1EA5 SC7 S2\" id=\"t3p_118\">(L) Associates and joint ventures </span><span class=\"S1EA6 SC8 S2\" id=\"t3q_118\">Associates are units where the Group </span><span class=\"S1EA7 SC8 S2\" id=\"t3r_118\">has signi\ufb01cant in\ufb02uence but not </span><span class=\"S1EA8 SC8 S2\" id=\"t3s_118\">control, normally between 20% and </span><span class=\"S1EA9 SC8 S2\" id=\"t3t_118\">50% of voting equity. Joint ventures </span><span class=\"S1EAA SC8 S2\" id=\"t3u_118\">are investments in companies where </span><span class=\"S1EAB SC8 S2\" id=\"t3v_118\">the Group has control together with </span><span class=\"S1EAC SC8 S2\" id=\"t3w_118\">other parties. Cooperation is based on </span><span class=\"S1EAD SC8 S2\" id=\"t3x_118\">a contractual agreement governing </span><span class=\"S1EAE SC8 S2\" id=\"t3y_118\">central cooperative factors. </span><span class=\"S1EAF SC8 S2\" id=\"t3z_118\">Investments in associates and joint </span><span class=\"S1EB0 SC8 S2\" id=\"t40_118\">ventures are recognised according to </span><span class=\"S1EB1 SC8 S2\" id=\"t41_118\">the equity method. The investment is </span><span class=\"S1EB2 SC8 S2\" id=\"t42_118\">capitalised at acquisition cost at the </span><span class=\"S1EB3 SC8 S2\" id=\"t43_118\">time of purchase. The Group\u2019s share </span><span class=\"S1BF7 SC8 S2\" id=\"t44_118\">of the pro\ufb01t/loss after tax, as well as </span><span class=\"S1EB4 SC8 S2\" id=\"t45_118\">depreciation/amortisation and </span><span class=\"S1EB5 SC8 S2\" id=\"t46_118\">write-downs of any added value, are </span><span class=\"S1EB6 SC8 S2\" id=\"t47_118\">recognised on the income statement </span><span class=\"S1EB7 SC8 S2\" id=\"t48_118\">and added to the carrying amount of </span><span class=\"S1EB8 SC8 S2\" id=\"t49_118\">the investment together with the </span><span class=\"S1EB9 SC8 S2\" id=\"t4a_118\">respective share of changes in equity </span><span class=\"S1EBA SC8 S2\" id=\"t4b_118\">not booked in the income statement, </span><span class=\"S1EBB SC8 S2\" id=\"t4c_118\">such as dividend. In the income </span><span class=\"S1EBC SC8 S2\" id=\"t4d_118\">statement, the Group\u2019s respective </span><span class=\"S1C00 SC8 S2\" id=\"t4e_118\">share of pro\ufb01t is shown as a separate </span><span class=\"S1EBD SC8 S2\" id=\"t4f_118\">\ufb01nancial item, while the assets are </span><span class=\"S1EBE SC8 S2\" id=\"t4g_118\">shown in the balance sheet as an </span><span class=\"S1EBF SC8 S2\" id=\"t4h_118\">individual non-current asset. The </span><span class=\"S1EC0 SC8 S2\" id=\"t4i_118\">Group\u2019s share of unrealised </span><span class=\"S1EC1 SC8 S2\" id=\"t4j_118\">intercompany pro\ufb01t on transactions </span><span class=\"S1EC2 SC8 S2\" id=\"t4k_118\">between the Group and the respective </span><span class=\"S1EC3 SC8 S2\" id=\"t1_119\">a liquid market for long-term bonds </span><span class=\"S1EC4 SC8 S2\" id=\"t2_119\">issued by companies with a high </span><span class=\"S1EC5 SC8 S2\" id=\"t3_119\">credit rating, the market interest rate </span><span class=\"S1EC6 SC8 S2\" id=\"t4_119\">for governmental bonds is applied. </span><span class=\"S1EC7 SC7 S2\" id=\"t5_119\">(O) Tax </span><span class=\"S1EC8 SC8 S2\" id=\"t6_119\">Tax cost in the income statement </span><span class=\"S1C47 SC8 S2\" id=\"t7_119\">includes both the tax payable for the </span><span class=\"S1EC9 SC8 S2\" id=\"t8_119\">period and changes in deferred tax. </span><span class=\"S1ECA SC8 S2\" id=\"t9_119\">Deferred tax is calculated at a rate of </span><span class=\"S1ECB SC8 S2\" id=\"ta_119\">22% (or local rates in other countries) on </span><span class=\"S1ECC SC8 S2\" id=\"tb_119\">the basis of the temporary differences </span><span class=\"S1ECD SC8 S2\" id=\"tc_119\">that exist between accounting and </span><span class=\"S1ECE SC8 S2\" id=\"td_119\">taxable values, as well as the tax loss </span><span class=\"S1ECF SC8 S2\" id=\"te_119\">carryforward at the end of the \ufb01nancial </span><span class=\"S1ED0 SC8 S2\" id=\"tf_119\">year. Temporary tax-increasing and </span><span class=\"S1ED1 SC8 S2\" id=\"tg_119\">tax-decreasing differences which </span><span class=\"S1ED2 SC8 S2\" id=\"th_119\">reverse or may reverse the \ufb01gures in </span><span class=\"S1ED3 SC8 S2\" id=\"ti_119\">the same period and within the same </span><span class=\"S1ED4 SC8 S2\" id=\"tj_119\">tax regime are offset and booked at </span><span class=\"S1C52 SC8 S2\" id=\"tk_119\">net value. </span><span class=\"S1ED5 SC8 S2\" id=\"tl_119\">Deferred tax has been calculated on </span><span class=\"S1ED6 SC8 S2\" id=\"tm_119\">the difference between taxable and </span><span class=\"S1ED7 SC8 S2\" id=\"tn_119\">accounting values of licenses. Deferred </span><span class=\"S1ED8 SC8 S2\" id=\"to_119\">tax is calculated at the nominal tax rate. </span><span class=\"S1ED9 SC7 S2\" id=\"tp_119\">(P) Interest-bearing loans and credits </span><span class=\"S1EDA SC8 S2\" id=\"tq_119\">Loans are booked at fair value when </span><span class=\"S1EDB SC8 S2\" id=\"tr_119\">the loan is paid out, less transaction </span><span class=\"S1EDC SC8 S2\" id=\"ts_119\">costs. In subsequent periods loans are </span><span class=\"S1EDD SC8 S2\" id=\"tt_119\">booked at amortised cost calculated </span><span class=\"S16FB SC8 S2\" id=\"tu_119\">by applying the effective interest rate, </span><span class=\"S1EDE SC8 S2\" id=\"tv_119\">and any differences between </span><span class=\"S1EDF SC8 S2\" id=\"tw_119\">acquisition cost and redemption value </span><span class=\"S1EE0 SC8 S2\" id=\"tx_119\">are incorporated over the loan period </span><span class=\"S1EE1 SC8 S2\" id=\"ty_119\">by using the effective interest rate </span><span class=\"S1EE2 SC8 S2\" id=\"tz_119\">method. </span><span class=\"S1EE3 SC8 S2\" id=\"t10_119\">Next year\u2019s instalments are classi\ufb01ed </span><span class=\"S1EE4 SC8 S2\" id=\"t11_119\">as short-term debt. </span><span class=\"S1EE5 SC7 S2\" id=\"t12_119\">(Q) Dividends </span><span class=\"S1EE6 SC8 S2\" id=\"t13_119\">Dividends are booked when adopted </span><span class=\"S1C6A SC8 S2\" id=\"t14_119\">by the shareholders\u2019 meeting. See </span><span class=\"S1EE7 SC8 S2\" id=\"t15_119\">also note on dividend per share. </span><span class=\"S1EE8 SC7 S2\" id=\"t16_119\">(R) Provisions and other commitments </span><span class=\"S1C6E SC8 S2\" id=\"t17_119\">Provisions are carried on the balance </span><span class=\"S1EE9 SC8 S2\" id=\"t18_119\">sheet when the Group has an existing </span><span class=\"S1EEA SC8 S2\" id=\"t19_119\">legal obligation or implied duty in </span><span class=\"S1EEB SC8 S2\" id=\"t1a_119\">consequence of an earlier event, and </span><span class=\"S1EEC SC8 S2\" id=\"t1b_119\">it is probable that a \ufb02ow of economic </span><span class=\"S1EED SC8 S2\" id=\"t1c_119\">resources from the enterprise will be </span><span class=\"S1EEE SC8 S2\" id=\"t1d_119\">required in order to ful\ufb01l such </span><span class=\"S1EEF SC8 S2\" id=\"t1e_119\">obligation. If the effect is signi\ufb01cant, </span><span class=\"S1EF0 SC8 S2\" id=\"t1f_119\">the provision is determined by </span><span class=\"S1E2F SC8 S2\" id=\"t1g_119\">discounting estimated future cash </span><span class=\"S1EF1 SC8 S2\" id=\"t1h_119\">\ufb02ows by a discounting rate before </span><span class=\"S1EF2 SC8 S2\" id=\"t1i_119\">tax, which re\ufb02ects market pricing of </span><span class=\"S1EF3 SC8 S2\" id=\"t1j_119\">the time value of money and the risks </span><span class=\"S1C7B SC8 S2\" id=\"t1k_119\">speci\ufb01cally associated with the </span><span class=\"S1EF4 SC8 S2\" id=\"t1l_119\">obligation. </span><span class=\"S1EF5 SC7 S2\" id=\"t1m_119\">(S) Share capital and share premium </span><span class=\"S1EF6 SC8 S2\" id=\"t1n_119\">Ordinary shares are classi\ufb01ed as </span><span class=\"S1EF7 SC8 S2\" id=\"t1o_119\">equity. Expenses directly associated </span><span class=\"S1EF8 SC8 S2\" id=\"t1p_119\">with issuing new shares or options, </span><span class=\"S1EF9 SC8 S2\" id=\"t1q_119\">less tax, are booked under equity as </span><span class=\"S1DCD SC8 S2\" id=\"t1r_119\">reductions in proceeds received. </span><span class=\"S1EFA SC8 S2\" id=\"t1s_119\">When buying back treasury shares, </span><span class=\"S1EFB SC8 S2\" id=\"t1t_119\">the purchase amount, inclusive of </span><span class=\"S1EFC SC8 S2\" id=\"t1u_119\">directly ascribable costs, is entered </span><span class=\"S1EFD SC8 S2\" id=\"t1v_119\">as a change in equity. Treasury shares </span><span class=\"S1EFE SC8 S2\" id=\"t1w_119\">are presented as a reduction in equity. </span><span class=\"S1EFF SC7 S2\" id=\"t1x_119\">(T) Statement of cash \ufb02ows </span><span class=\"S1F00 SC8 S2\" id=\"t1y_119\">The consolidated statement of cash </span><span class=\"S1F01 SC8 S2\" id=\"t1z_119\">\ufb02ows shows the total consolidated </span><span class=\"S1F02 SC8 S2\" id=\"t20_119\">cash \ufb02ows broken down by operating, </span><span class=\"S1F03 SC8 S2\" id=\"t21_119\">investing and \ufb01nancing activities. </span><span class=\"S1C8F SC8 S2\" id=\"t22_119\">Acquisitions of subsidiaries are </span><span class=\"S1F04 SC8 S2\" id=\"t23_119\">considered an investing activity. Cash </span><span class=\"S1C91 SC8 S2\" id=\"t24_119\">and cash equivalents in the company </span><span class=\"S1F05 SC8 S2\" id=\"t25_119\">acquired is deducted. The statement </span><span class=\"S1F06 SC8 S2\" id=\"t26_119\">shows how the various activities affect </span><span class=\"S1F07 SC8 S2\" id=\"t27_119\">cash reserves. For cash \ufb02ows in foreign </span><span class=\"S1F08 SC8 S2\" id=\"t28_119\">currency, the average rate of exchange </span><span class=\"S1F09 SC8 S2\" id=\"t29_119\">is used in the statement. To the extent </span><span class=\"S1F0A SC8 S2\" id=\"t2a_119\">that changes in the balance sheet </span><span class=\"S1F0B SC8 S2\" id=\"t2b_119\">\ufb01gures between \ufb01nancial years do </span><span class=\"S1F0C SC8 S2\" id=\"t2c_119\">not match the corresponding \ufb01gures </span><span class=\"S1F0D SC8 S2\" id=\"t2d_119\">in the statement of cash \ufb02ow, this is a </span><span class=\"S1F0E SC8 S2\" id=\"t2e_119\">result of translation differences linked </span><span class=\"S1F0F SC8 S2\" id=\"t2f_119\">to changes in rates of exchange. </span><span class=\"S1F10 SC7 S2\" id=\"t2g_119\">(U) Financial risk management </span><span class=\"S1F11 SC8 S2\" id=\"t2h_119\">Through its activities, the Group is </span><span class=\"S1F12 SC8 S2\" id=\"t2i_119\">exposed to different types of \ufb01nancial </span><span class=\"S1F13 SC8 S2\" id=\"t2j_119\">risk: market risk (including currency </span><span class=\"S1F14 SC8 S2\" id=\"t2k_119\">risk, interest risk, price risk and liquidity </span><span class=\"S1F15 SC8 S2\" id=\"t2l_119\">risk) as well as credit risk. A further </span><span class=\"S1F16 SC8 S2\" id=\"t2m_119\">description follows below, describing </span><span class=\"S1F17 SC8 S2\" id=\"t2n_119\">the Group\u2019s \ufb01nancial risk, as well as </span><span class=\"S1F18 SC8 S2\" id=\"t2o_119\">how it is managed, including use of </span><span class=\"S1F19 SC8 S2\" id=\"t2p_119\">hedges. </span><span class=\"S1F1A S1C40 S2\" id=\"t2q_119\">Currency risk </span><span class=\"S1F1B SC8 S2\" id=\"t2r_119\">The Group has international </span><span class=\"S1F1C SC8 S2\" id=\"t2s_119\">operations requiring several different </span><span class=\"S1F1D SC8 S2\" id=\"t2t_119\">currencies and is thus exposed to </span><span class=\"S1F1E SC8 S2\" id=\"t2u_119\">currency risk. Forward contracts are </span><span class=\"S1F1F SC8 S2\" id=\"t2v_119\">used to hedge against the currency </span><span class=\"S1F20 SC8 S2\" id=\"t2w_119\">risk on trade receivables and agreed </span><span class=\"S1F21 SC8 S2\" id=\"t2x_119\">upon sales contracts. The forwards </span><span class=\"S1F22 SC8 S2\" id=\"t2y_119\">contracts are designated as fair value </span><span class=\"S1F23 SC8 S2\" id=\"t2z_119\">hedges in the \ufb01nancial statements. </span><span class=\"S1F24 SC8 S2\" id=\"t30_119\">The hedged items are primarily </span><span class=\"S1F25 SC8 S2\" id=\"t31_119\">binding sales contracts in foreign </span><span class=\"S1F26 SC8 S2\" id=\"t32_119\">currency, net foreign currency bank </span><span class=\"S1F27 SC8 S2\" id=\"t33_119\">deposits, and net trade receivables </span><span class=\"S1F28 SC8 S2\" id=\"t34_119\">in foreign currency. The hedged items </span><span class=\"S1F29 SC8 S2\" id=\"t35_119\">are adjusted with the change in fair </span><span class=\"S1F2A SC8 S2\" id=\"t36_119\">value of the hedged risk. The hedging </span><span class=\"S1F2B SC8 S2\" id=\"t37_119\">instruments are the forward contracts, </span><span class=\"S1F2C SC8 S2\" id=\"t38_119\">which are also measured at fair value </span><span class=\"S1F2D SC8 S2\" id=\"t39_119\">on the balance sheet date. Gains and </span><span class=\"S1F2E SC8 S2\" id=\"t3a_119\">losses due to change in fair value are </span><span class=\"S1F2F SC8 S2\" id=\"t3b_119\">presented through pro\ufb01t or loss. An </span><span class=\"S1F30 SC8 S2\" id=\"t3c_119\">overview of the effect of forward </span><span class=\"S1F31 SC8 S2\" id=\"t3d_119\">contracts can be found in the note on </span><span class=\"S1F32 SC8 S2\" id=\"t3e_119\">\ufb01nancial instruments. </span><span class=\"S1F33 S1C40 S2\" id=\"t3f_119\">Interest risk </span><span class=\"S1F34 SC8 S2\" id=\"t3g_119\">The Group\u2019s long-term debt is mainly </span><span class=\"S1F35 SC8 S2\" id=\"t3h_119\">based upon agreements for \ufb02oating </span><span class=\"S1F36 SC8 S2\" id=\"t3i_119\">rates of interest, representing </span><span class=\"S1F37 SC8 S2\" id=\"t3j_119\">exposure to increases in the market </span><span class=\"S1F38 SC8 S2\" id=\"t3k_119\">interest rate. However, the Group has </span><span class=\"S1F39 SC8 S2\" id=\"t3l_119\">made use of long-term interest rate </span><span class=\"S1F3A SC8 S2\" id=\"t3m_119\">swaps to reduce the \ufb02oating interest </span><span class=\"S1F3B SC8 S2\" id=\"t3n_119\">rate risk for a share of the Group\u2019s </span><span class=\"S1F3C SC8 S2\" id=\"t3o_119\">long-term debt. The Group receives a </span><span class=\"S1F3D SC8 S2\" id=\"t3p_119\">\ufb02oating interest rate and pays a \ufb01xed </span><span class=\"S1F3E SC8 S2\" id=\"t3q_119\">rate through the swap agreements. </span><span class=\"S1F3F SC8 S2\" id=\"t3r_119\">The interest rate swaps are reported as </span><span class=\"S1F40 SC8 S2\" id=\"t3s_119\">cash \ufb02ow hedges. Gains and losses </span><span class=\"S1F41 SC8 S2\" id=\"t3t_119\">from the effective part of the hedge </span><span class=\"S1F42 SC8 S2\" id=\"t3u_119\">(the part of the hedge that quali\ufb01es </span><span class=\"S1F43 SC8 S2\" id=\"t3v_119\">for cash \ufb02ow hedge accounting) are </span><span class=\"S1F44 SC8 S2\" id=\"t3w_119\">recognised in other comprehensive </span><span class=\"S1F45 SC8 S2\" id=\"t3x_119\">income. The Group does also use </span><span class=\"S1F46 SC8 S2\" id=\"t3y_119\">\ufb01xed interest loans (bond loan with </span><span class=\"S1F47 SC8 S2\" id=\"t3z_119\">\ufb01xed interests). An overview of the </span><span class=\"S1F48 SC8 S2\" id=\"t40_119\">effects in terms of exposure of the </span><span class=\"S1F49 SC8 S2\" id=\"t41_119\">Group`s borrowings to interest rate </span><span class=\"S1F4A SC8 S2\" id=\"t42_119\">changes is provided in the note on </span><span class=\"S1F4B SC8 S2\" id=\"t43_119\">loans, mortgages and guarantees. </span><span class=\"S1F4C S1C40 S2\" id=\"t44_119\">Price risk </span><span class=\"S1F4D SC8 S2\" id=\"t45_119\">The developments in global salmon </span><span class=\"S1F4E SC8 S2\" id=\"t46_119\">and trout prices have a considerable </span><span class=\"S1F4F SC8 S2\" id=\"t47_119\">impact on the results achieved by the </span><span class=\"S1F50 SC8 S2\" id=\"t48_119\">Group. In order to reduce the price </span><span class=\"S1F51 SC8 S2\" id=\"t49_119\">risk, a varying share of the revenue / </span><span class=\"S1F52 SC8 S2\" id=\"t4a_119\">purchase cost is hedged through </span><span class=\"S1F53 SC8 S2\" id=\"t4b_119\">purchase and sale forward contracts </span><span class=\"S1F54 SC8 S2\" id=\"t4c_119\">for salmon (Fish Pool contracts). The </span><span class=\"S1F55 SC8 S2\" id=\"t4d_119\">changes in fair value of the contracts </span><span class=\"S1F56 SC8 S2\" id=\"t4e_119\">are recognized in the income statement </span><span class=\"S1F57 SC8 S2\" id=\"t4f_119\">line item \"fair value adjustments </span><span class=\"S1F58 SC8 S2\" id=\"t4g_119\">related to biological assets\". An </span><span class=\"S1F59 SC8 S2\" id=\"t4h_119\">overview of the effect of the Fish Pool </span><span class=\"S1F5B SC8 S2\" id=\"t1_120\">contracts, interest rate swaps and </span><span class=\"S1F5C SC8 S2\" id=\"t2_120\">bunker derivatives. </span><span class=\"S1F5D SC8 S2\" id=\"t3_120\">Derivatives are carried at fair value </span><span class=\"S1F5E SC8 S2\" id=\"t4_120\">at the time of contract and are </span><span class=\"S1F5F SC8 S2\" id=\"t5_120\">subsequently adjusted to fair value. </span><span class=\"S1F60 SC8 S2\" id=\"t6_120\">The recognition of the associated </span><span class=\"S1F61 SC8 S2\" id=\"t7_120\">losses and gains depends on whether </span><span class=\"S1F62 SC8 S2\" id=\"t8_120\">the derivative is designated as a </span><span class=\"S1F63 SC8 S2\" id=\"t9_120\">hedging instrument and, if so, the type </span><span class=\"S1F64 SC8 S2\" id=\"ta_120\">of hedging. Derivatives which are not </span><span class=\"S1F65 SC8 S2\" id=\"tb_120\">designated as hedging instruments </span><span class=\"S1F66 SC8 S2\" id=\"tc_120\">are recognised at fair value through </span><span class=\"S1F67 SC8 S2\" id=\"td_120\">pro\ufb01t or loss. </span><span class=\"S1F68 SC8 S2\" id=\"te_120\">Fair value of derivatives is shown in </span><span class=\"S1F69 SC8 S2\" id=\"tf_120\">the note on \ufb01nancial instruments. </span><span class=\"S1F6A SC8 S2\" id=\"tg_120\">Fair values of derivatives are classi\ufb01ed </span><span class=\"S1F6B SC8 S2\" id=\"th_120\">as \ufb01xed assets or long-term debt if </span><span class=\"S1C18 SC8 S2\" id=\"ti_120\">the hedging object matures in more </span><span class=\"S1F6C SC8 S2\" id=\"tj_120\">than 12 months, and as current assets </span><span class=\"S1C1A SC8 S2\" id=\"tk_120\">or short-term debt if the hedging </span><span class=\"S1F6D SC8 S2\" id=\"tl_120\">object matures in less than 12 months. </span><span class=\"S1F6E SC8 S2\" id=\"tm_120\">The Group documents the </span><span class=\"S1F6F SC8 S2\" id=\"tn_120\">relationship between the hedging </span><span class=\"S1F70 SC8 S2\" id=\"to_120\">instrument and the hedged items, </span><span class=\"S1F71 SC8 S2\" id=\"tp_120\">including expected hedging ef\ufb01ciency, </span><span class=\"S1F72 SC8 S2\" id=\"tq_120\">when entering into hedging derivatives. </span><span class=\"S1F73 SC8 S2\" id=\"tr_120\">The Group further documents its risk </span><span class=\"S1D01 SC8 S2\" id=\"ts_120\">management strategies related to </span><span class=\"S1F74 SC8 S2\" id=\"tt_120\">transactions that are risk hedges. </span><span class=\"S1F75 SC8 S2\" id=\"tu_120\">Changes in fair value of derivatives </span><span class=\"S1F76 SC8 S2\" id=\"tv_120\">qualifying for fair value hedging are </span><span class=\"S1F77 SC8 S2\" id=\"tw_120\">recognised in the income statement </span><span class=\"S1F78 SC8 S2\" id=\"tx_120\">together with the change in fair value </span><span class=\"S1E4D SC8 S2\" id=\"ty_120\">of the associated hedged asset or </span><span class=\"S1F79 SC8 S2\" id=\"tz_120\">liability. The Group uses fair value </span><span class=\"S1F7A SC8 S2\" id=\"t10_120\">hedging to hedge net receivables in </span><span class=\"S1F7B SC8 S2\" id=\"t11_120\">foreign currency, net deposits on </span><span class=\"S1F7C SC8 S2\" id=\"t12_120\">currency accounts and signed sales </span><span class=\"S1D0B SC8 S2\" id=\"t13_120\">contracts in foreign currency. Gains </span><span class=\"S1F7D SC8 S2\" id=\"t14_120\">and losses on foreign currency are </span><span class=\"S1F7E SC8 S2\" id=\"t15_120\">included in the income statement </span><span class=\"S1F7F SC8 S2\" id=\"t16_120\">line \"Cost of materials\". </span><span class=\"S1E55 SC8 S2\" id=\"t17_120\">The effective share of the change in </span><span class=\"S1F80 SC8 S2\" id=\"t18_120\">fair value of derivatives that qualify </span><span class=\"S1F81 SC8 S2\" id=\"t19_120\">as hedging instruments for cash \ufb02ow </span><span class=\"S1C35 SC8 S2\" id=\"t1a_120\">hedging is recognised through other </span><span class=\"S1F82 SC8 S2\" id=\"t1b_120\">comprehensive income. Hedging </span><span class=\"S1F83 SC8 S2\" id=\"t1c_120\">gains or losses recognised through </span><span class=\"S1E5B SC8 S2\" id=\"t1d_120\">other comprehensive income and </span><span class=\"S1F84 SC8 S2\" id=\"t1e_120\">accumulated in equity are re-classi\ufb01ed </span><span class=\"S1F85 SC8 S2\" id=\"t1f_120\">to the income statement during the </span><span class=\"S1F86 SC8 S2\" id=\"t1g_120\">period in which the hedging object </span><span class=\"S1F87 SC8 S2\" id=\"t1h_120\">impacts the income statement. The </span><span class=\"S1F88 SC8 S2\" id=\"t1i_120\">cash \ufb02ow. </span><span class=\"S1F89 SC8 S2\" id=\"t1j_120\">The table in note on debt, mortgages </span><span class=\"S1F8A SC8 S2\" id=\"t1k_120\">and guarantee liability speci\ufb01es the </span><span class=\"S1F8B SC8 S2\" id=\"t1l_120\">Group\u2019s \ufb01nancial covenants that are </span><span class=\"S1F8C SC8 S2\" id=\"t1m_120\">not derivatives, and derivative </span><span class=\"S1F8D SC8 S2\" id=\"t1n_120\">covenants with net settlement, </span><span class=\"S1F8E SC8 S2\" id=\"t1o_120\">classi\ufb01ed in relation to the down- </span><span class=\"S1F8F SC8 S2\" id=\"t1p_120\">payment schedule. This classi\ufb01cation </span><span class=\"S1F90 SC8 S2\" id=\"t1q_120\">is made in accordance with the </span><span class=\"S1F91 SC8 S2\" id=\"t1r_120\">contractual maturity date. Derivative </span><span class=\"S1F92 SC8 S2\" id=\"t1s_120\">covenants are included in the analysis </span><span class=\"S1F93 SC8 S2\" id=\"t1t_120\">when the contractual maturity date </span><span class=\"S1F94 SC8 S2\" id=\"t1u_120\">is signi\ufb01cant for an understanding of </span><span class=\"S1F95 SC8 S2\" id=\"t1v_120\">the accrual of cash \ufb02ows. The \ufb01gures </span><span class=\"S1D25 SC8 S2\" id=\"t1w_120\">in the table are non-discounted </span><span class=\"S1F96 SC8 S2\" id=\"t1x_120\">contractual cash \ufb02ows. </span><span class=\"S1F97 S1C40 S2\" id=\"t1y_120\">Credit risk </span><span class=\"S1F98 SC8 S2\" id=\"t1z_120\">Credit risk occurs in transactions </span><span class=\"S1F99 SC8 S2\" id=\"t20_120\">involving derivatives, deposits with </span><span class=\"S1F9A SC8 S2\" id=\"t21_120\">banks and \ufb01nancial institutions in </span><span class=\"S1F9B SC8 S2\" id=\"t22_120\">addition to transactions with </span><span class=\"S1F9C SC8 S2\" id=\"t23_120\">wholesalers and customers, including </span><span class=\"S1F9D SC8 S2\" id=\"t24_120\">outstanding receivables and \ufb01xed </span><span class=\"S1F9E SC8 S2\" id=\"t25_120\">agreements. As virtually all the </span><span class=\"S1F9F SC8 S2\" id=\"t26_120\">Group\u2019s sales to end customers are </span><span class=\"S1FA0 SC8 S2\" id=\"t27_120\">credit sales, procedures have been </span><span class=\"S1FA1 SC8 S2\" id=\"t28_120\">established to ensure that the Group </span><span class=\"S1FA2 SC8 S2\" id=\"t29_120\">companies only sell products to </span><span class=\"S1FA3 SC8 S2\" id=\"t2a_120\">customers with satisfactory credit </span><span class=\"S1FA4 SC8 S2\" id=\"t2b_120\">rating. A credit assessment is </span><span class=\"S1FA5 SC8 S2\" id=\"t2c_120\">performed based on the customer\u2019s </span><span class=\"S1FA6 SC8 S2\" id=\"t2d_120\">\ufb01nancial position, history and any </span><span class=\"S1FA7 SC8 S2\" id=\"t2e_120\">other factors of relevance. Individual </span><span class=\"S1FA8 SC8 S2\" id=\"t2f_120\">limits are set for risk exposure, based </span><span class=\"S1FA9 SC8 S2\" id=\"t2g_120\">on internal and external assessments </span><span class=\"S1FAA SC8 S2\" id=\"t2h_120\">of creditworthiness and guidelines </span><span class=\"S1FAB SC8 S2\" id=\"t2i_120\">from the Board of Directors. The Group\u2019s </span><span class=\"S1FAC SC8 S2\" id=\"t2j_120\">compliance on these procedures is </span><span class=\"S1FAD SC8 S2\" id=\"t2k_120\">regularly monitored. Furthermore, </span><span class=\"S1FAE SC8 S2\" id=\"t2l_120\">almost all of the Group\u2019s trade </span><span class=\"S1FAF SC8 S2\" id=\"t2m_120\">receivables are covered by credit </span><span class=\"S1D45 SC8 S2\" id=\"t2n_120\">insurance securing about 90% of </span><span class=\"S1FB0 SC8 S2\" id=\"t2o_120\">nominal amounts. The counterparties </span><span class=\"S1EB7 SC8 S2\" id=\"t2p_120\">to derivative contracts and \ufb01nancial </span><span class=\"S1FB1 SC8 S2\" id=\"t2q_120\">placements may only be \ufb01nancial </span><span class=\"S1FB2 SC8 S2\" id=\"t2r_120\">institutions with a high credit rating </span><span class=\"S1FB3 SC8 S2\" id=\"t2s_120\">and other parties who can provide </span><span class=\"S1FB4 SC8 S2\" id=\"t2t_120\">reliable security. See note on </span><span class=\"S1FB5 SC8 S2\" id=\"t2u_120\">receivables for further information </span><span class=\"S1FB6 SC8 S2\" id=\"t2v_120\">on credit risk. </span><span class=\"S1FB7 SC7 S2\" id=\"t2w_120\">(V) Derivatives and hedge accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t2x_120\">The company seeks to hedge against </span><span class=\"S1FB9 SC8 S2\" id=\"t2y_120\">currency \ufb02uctuations and changes in </span><span class=\"S1FBA SC8 S2\" id=\"t2z_120\">interest rate by means of derivatives, </span><span class=\"S1FBB SC8 S2\" id=\"t30_120\">respectively currency forward </span><span class=\"S1FBC SC8 S2\" id=\"t31_120\">contracts is provided in the note on </span><span class=\"S1FBD SC8 S2\" id=\"t32_120\">\ufb01nancial instruments. </span><span class=\"S1FBE SC8 S2\" id=\"t33_120\">The Group is also exposed to </span><span class=\"S1FBF SC8 S2\" id=\"t34_120\">\ufb02uctuations in the bunker price. This </span><span class=\"S1FC0 SC8 S2\" id=\"t35_120\">risk is reduced through entering into </span><span class=\"S1FC1 SC8 S2\" id=\"t36_120\">forward agreements to purchase </span><span class=\"S1FC2 SC8 S2\" id=\"t37_120\">bunker (bunker derivatives). Gains </span><span class=\"S1FC3 SC8 S2\" id=\"t38_120\">and losses from the effective part of </span><span class=\"S1D5A SC8 S2\" id=\"t39_120\">the hedge (the part of the hedge </span><span class=\"S1FC4 SC8 S2\" id=\"t3a_120\">that quali\ufb01es for cash \ufb02ow hedge </span><span class=\"S1FC5 SC8 S2\" id=\"t3b_120\">accounting) are recognised in other </span><span class=\"S1FC6 SC8 S2\" id=\"t3c_120\">comprehensive income. An overview </span><span class=\"S1FC7 SC8 S2\" id=\"t3d_120\">of the effect of bunker derivatives is </span><span class=\"S1E6A SC8 S2\" id=\"t3e_120\">provided in the note on \ufb01nancial </span><span class=\"S1FC8 SC8 S2\" id=\"t3f_120\">instruments. </span><span class=\"S1FC9 S1C40 S2\" id=\"t3g_120\">Liquidity risk </span><span class=\"S1FCA SC8 S2\" id=\"t3h_120\">Cash \ufb02ow prognoses are established </span><span class=\"S1FCB SC8 S2\" id=\"t3i_120\">for the different operating segments </span><span class=\"S1FCC SC8 S2\" id=\"t3j_120\">in the Group and are aggregated by </span><span class=\"S1FCD SC8 S2\" id=\"t3k_120\">the Group\u2019s Financial Department. </span><span class=\"S1FCE SC8 S2\" id=\"t3l_120\">The Financial Department monitors </span><span class=\"S1FCF SC8 S2\" id=\"t3m_120\">prognoses of the Group\u2019s liquidity </span><span class=\"S1FD0 SC8 S2\" id=\"t3n_120\">requirements in order to ensure that </span><span class=\"S1FD1 SC8 S2\" id=\"t3o_120\">the Group has suf\ufb01cient cash </span><span class=\"S1FD2 SC8 S2\" id=\"t3p_120\">equivalents to ful\ufb01l operating </span><span class=\"S1FD3 SC8 S2\" id=\"t3q_120\">commitments while sustaining a </span><span class=\"S1FD4 SC8 S2\" id=\"t3r_120\">suf\ufb01cient level of \ufb02exibility in the form </span><span class=\"S1FD5 SC8 S2\" id=\"t3s_120\">of unutilised, binding loan facilities </span><span class=\"S1FD6 SC8 S2\" id=\"t3t_120\">at all times so that the Group is not in </span><span class=\"S1FD7 SC8 S2\" id=\"t3u_120\">breach of the limits or speci\ufb01ed terms </span><span class=\"S1BBA SC8 S2\" id=\"t3v_120\">and conditions for the Group\u2019s loans. </span><span class=\"S1FD8 SC8 S2\" id=\"t3w_120\">Such prognoses take into account </span><span class=\"S1FD9 SC8 S2\" id=\"t3x_120\">the Group\u2019s scheduled new loans, </span><span class=\"S1FDA SC8 S2\" id=\"t3y_120\">compliance with terms and conditions </span><span class=\"S1FDB SC8 S2\" id=\"t3z_120\">of loans, compliance with in-house </span><span class=\"S1FDC SC8 S2\" id=\"t40_120\">objectives for balance sheet \ufb01gures </span><span class=\"S1FDD SC8 S2\" id=\"t41_120\">and, if relevant, external regulatory </span><span class=\"S1FDE SC8 S2\" id=\"t42_120\">or legal requirements. </span><span class=\"S1FDF SC8 S2\" id=\"t43_120\">Any excess cash in the Group </span><span class=\"S1FE0 SC8 S2\" id=\"t44_120\">companies, in addition to what </span><span class=\"S1FE1 SC8 S2\" id=\"t45_120\">constitutes necessary working capital, </span><span class=\"S1BC5 SC8 S2\" id=\"t46_120\">is transferred annually to the parent </span><span class=\"S1FE2 SC8 S2\" id=\"t47_120\">company via Group contributions and </span><span class=\"S1FE3 SC8 S2\" id=\"t48_120\">dividends. The Group\u2019s Financial </span><span class=\"S1FE4 SC8 S2\" id=\"t49_120\">Department deposits excess cash </span><span class=\"S1FE5 SC8 S2\" id=\"t4a_120\">mainly as bank deposits at special </span><span class=\"S1FE6 SC8 S2\" id=\"t4b_120\">terms with appropriate maturities in </span><span class=\"S1FE7 SC8 S2\" id=\"t4c_120\">order to provide suf\ufb01cient security and </span><span class=\"S1FE8 SC8 S2\" id=\"t4d_120\">\ufb02exibility in relation to the company\u2019s </span><span class=\"S1D84 SC8 S2\" id=\"t4e_120\">growth strategy and dividend policy. </span><span class=\"S1FE9 SC8 S2\" id=\"t4f_120\">For information on cash and cash </span><span class=\"S1FEA SC8 S2\" id=\"t4g_120\">equivalents together with undrawn </span><span class=\"S1FEB SC8 S2\" id=\"t4h_120\">credit facilities available to the Group </span><span class=\"S1FEC SC8 S2\" id=\"t4i_120\">as liquidity buffers to manage liquidity </span><span class=\"S1FED SC8 S2\" id=\"t4j_120\">risk, please refer to the statement of </span><span class=\"S1FEE S1C40 S2\" id=\"t1_121\">Main terms and conditions for license </span><span class=\"S1FEF S1C40 S2\" id=\"t2_121\">type </span><span class=\"S1FF0 SC8 S2\" id=\"t3_121\">Since January 2005, the limitations </span><span class=\"S1FF1 SC8 S2\" id=\"t4_121\">on production established for </span><span class=\"S1D8F SC8 S2\" id=\"t5_121\">aquaculture licenses for salmon and </span><span class=\"S1FF2 SC8 S2\" id=\"t6_121\">trout have been governed according </span><span class=\"S1FF3 SC8 S2\" id=\"t7_121\">to a scheme known as Maximum </span><span class=\"S1FF4 SC8 S2\" id=\"t8_121\">Allowable Biomass (MAB). This speci\ufb01es </span><span class=\"S1FF5 SC8 S2\" id=\"t9_121\">the maximum biomass in the sea </span><span class=\"S1FF6 SC8 S2\" id=\"ta_121\">that a license holder can have at any </span><span class=\"S1FF7 SC8 S2\" id=\"tb_121\">given time. The Group has a suf\ufb01cient </span><span class=\"S1FF8 SC8 S2\" id=\"tc_121\">number of localities (locality MAB) in </span><span class=\"S1FF9 SC8 S2\" id=\"td_121\">the different regions to achieve a </span><span class=\"S1FFA SC8 S2\" id=\"te_121\">satisfactory exploitation of the Group\u2019s </span><span class=\"S1CBC SC8 S2\" id=\"tf_121\">total MAB. All commercial licenses for </span><span class=\"S1FFB SC8 S2\" id=\"tg_121\">production of salmon and trout in sea </span><span class=\"S1FFC SC8 S2\" id=\"th_121\">are currently operational. The following </span><span class=\"S1FFD SC8 S2\" id=\"ti_121\">regulations regarding production </span><span class=\"S1FFE SC8 S2\" id=\"tj_121\">limitations apply to the different </span><span class=\"S1FFF SC8 S2\" id=\"tk_121\">types of licenses held by the Group: </span><span class=\"S1CC3 SC8 S2\" id=\"tl_121\">Grow-out licenses are limited in </span><span class=\"S2000 SC8 S2\" id=\"tm_121\">number, i.e. the enterprises are only </span><span class=\"S1DA0 SC8 S2\" id=\"tn_121\">granted new licenses or more </span><span class=\"S2001 SC8 S2\" id=\"to_121\">production volume subsequent to </span><span class=\"S2002 SC8 S2\" id=\"tp_121\">politically adopted allocation rounds. </span><span class=\"S2003 SC8 S2\" id=\"tq_121\">The maximum allowable biomass </span><span class=\"S2004 SC8 S2\" id=\"tr_121\">(MAB) has previously been 780 tonnes </span><span class=\"S2005 SC8 S2\" id=\"ts_121\">of salmon or trout per license. The </span><span class=\"S2006 SC8 S2\" id=\"tt_121\">maximum allowable biomass (MAB) for </span><span class=\"S2007 SC8 S2\" id=\"tu_121\">the counties of Troms and Finnmark </span><span class=\"S2008 SC8 S2\" id=\"tv_121\">(North Norway) has previously been </span><span class=\"S2009 SC8 S2\" id=\"tw_121\">945 tonnes of salmon or trout per </span><span class=\"S200A SC8 S2\" id=\"tx_121\">license. Following the political decision </span><span class=\"S200B SC8 S2\" id=\"ty_121\">taken in 2017 that it should be possible </span><span class=\"S200C SC8 S2\" id=\"tz_121\">to allocate percentage growth per </span><span class=\"S200D SC8 S2\" id=\"t10_121\">license based on various conditions, a </span><span class=\"S200E SC8 S2\" id=\"t11_121\">\ufb01xed maximum allowable biomass per </span><span class=\"S200F SC8 S2\" id=\"t12_121\">license is no longer speci\ufb01ed. The </span><span class=\"S2010 SC8 S2\" id=\"t13_121\">system has been named the \"traf\ufb01c </span><span class=\"S2011 SC8 S2\" id=\"t14_121\">light system\". The traf\ufb01c light system </span><span class=\"S2012 SC8 S2\" id=\"t15_121\">is meant as a permanent framework </span><span class=\"S2013 SC8 S2\" id=\"t16_121\">for mitigating growth in Norwegian </span><span class=\"S2014 SC8 S2\" id=\"t17_121\">aquaculture. In this system the </span><span class=\"S2015 SC8 S2\" id=\"t18_121\">Norwegian coastline was divided </span><span class=\"S2016 SC8 S2\" id=\"t19_121\">into 13 different production areas. </span><span class=\"S2017 SC8 S2\" id=\"t1a_121\">With a frequency of 2 years, the </span><span class=\"S2018 SC8 S2\" id=\"t1b_121\">different areas are colored red, </span><span class=\"S1DB8 SC8 S2\" id=\"t1c_121\">yellow, or green, based on certain </span><span class=\"S2019 SC8 S2\" id=\"t1d_121\">criteria. In areas colored red the </span><span class=\"S1F52 SC8 S2\" id=\"t1e_121\">maximum production volumes are </span><span class=\"S201A SC8 S2\" id=\"t1f_121\">reduced. In yellow areas there is no </span><span class=\"S201B SC8 S2\" id=\"t1g_121\">change. In green areas, it is opened </span><span class=\"S201C SC8 S2\" id=\"t1h_121\">for growth. A certain portion of the </span><span class=\"S201D SC8 S2\" id=\"t1i_121\">growth are offered to the farmers at </span><span class=\"S201E SC8 S2\" id=\"t1j_121\">a \ufb01xed price, while the remaining </span><span class=\"S201F SC8 S2\" id=\"t1k_121\">portion are offered at auction. The </span><span class=\"S2020 SC8 S2\" id=\"t1l_121\">farmers are free to choose to purchase </span><span class=\"S2021 SC7 S2\" id=\"t1m_121\">(X) Inde\ufb01nite useful life (no </span><span class=\"S2022 SC7 S2\" id=\"t1n_121\">amortisation) of licenses </span><span class=\"S1EF3 SC8 S2\" id=\"t1o_121\">Below is a detailed description of the </span><span class=\"S1C7B SC8 S2\" id=\"t1p_121\">Group\u2019s assessments in situations </span><span class=\"S2023 SC8 S2\" id=\"t1q_121\">where the Group has established </span><span class=\"S2024 SC8 S2\" id=\"t1r_121\">that an asset has an inde\ufb01nite useful </span><span class=\"S2025 SC8 S2\" id=\"t1s_121\">life, cf. IAS 38.122. Intangible assets </span><span class=\"S2026 SC8 S2\" id=\"t1t_121\">with an inde\ufb01nite useful life are not </span><span class=\"S2027 SC8 S2\" id=\"t1u_121\">amortised but tested for impairment </span><span class=\"S2028 SC8 S2\" id=\"t1v_121\">once a year as a minimum. Please </span><span class=\"S2029 SC8 S2\" id=\"t1w_121\">refer to the note on intangible assets </span><span class=\"S202A SC8 S2\" id=\"t1x_121\">for information on the impairment test. </span><span class=\"S202B S1C40 S2\" id=\"t1y_121\">Licence scheme in Norway </span><span class=\"S1EFB SC8 S2\" id=\"t1z_121\">The license scheme for production of </span><span class=\"S202C SC8 S2\" id=\"t20_121\">salmon and trout in Norway was </span><span class=\"S202D SC8 S2\" id=\"t21_121\">introduced by the Storting (the </span><span class=\"S202E SC8 S2\" id=\"t22_121\">Norwegian Parliament) and adopted </span><span class=\"S202F SC8 S2\" id=\"t23_121\">in the Norwegian Act relating to </span><span class=\"S2030 SC8 S2\" id=\"t24_121\">aquaculture (Aquaculture Act). The </span><span class=\"S2031 SC8 S2\" id=\"t25_121\">Ministry of Trade, Industry and </span><span class=\"S2032 SC8 S2\" id=\"t26_121\">Fisheries is responsible for allocation </span><span class=\"S2033 SC8 S2\" id=\"t27_121\">of aquaculture permits (licenses). All </span><span class=\"S2034 SC8 S2\" id=\"t28_121\">activities involving aquaculture require </span><span class=\"S2035 SC8 S2\" id=\"t29_121\">a license. It is prohibited to farm </span><span class=\"S2036 SC8 S2\" id=\"t2a_121\">salmon/trout without a license from </span><span class=\"S2037 SC8 S2\" id=\"t2b_121\">the authorities, cf. section 4 of the </span><span class=\"S2038 SC8 S2\" id=\"t2c_121\">Aquaculture Act. All licenses are </span><span class=\"S2039 SC8 S2\" id=\"t2d_121\">governed by the same regulations </span><span class=\"S203A SC8 S2\" id=\"t2e_121\">(the current Aquaculture Act with </span><span class=\"S1DDF SC8 S2\" id=\"t2f_121\">provisions) irrespective of when the </span><span class=\"S203B SC8 S2\" id=\"t2g_121\">license was allocated. </span><span class=\"S203C SC8 S2\" id=\"t2h_121\">LSG\u2019s aquaculture permit entitles the </span><span class=\"S203D SC8 S2\" id=\"t2i_121\">Group to produce salmon and trout in </span><span class=\"S203E SC8 S2\" id=\"t2j_121\">delimited geographic areas (localities), </span><span class=\"S203F SC8 S2\" id=\"t2k_121\">according to the prevailing </span><span class=\"S2040 SC8 S2\" id=\"t2l_121\">limitations established at any given </span><span class=\"S2041 SC8 S2\" id=\"t2m_121\">time regarding the scope of the permit. </span><span class=\"S2042 SC8 S2\" id=\"t2n_121\">The Ministry may prescribe detailed </span><span class=\"S2043 SC8 S2\" id=\"t2o_121\">provisions relating to the content of </span><span class=\"S2044 SC8 S2\" id=\"t2p_121\">the aquaculture licenses by </span><span class=\"S2045 SC8 S2\" id=\"t2q_121\">administrative decision or regulations. </span><span class=\"S2046 SC8 S2\" id=\"t2r_121\">The Aquaculture Act is administered </span><span class=\"S2047 SC8 S2\" id=\"t2s_121\">centrally by the Ministry of Trade, </span><span class=\"S2048 SC8 S2\" id=\"t2t_121\">Industry and Fisheries, and the </span><span class=\"S1F18 SC8 S2\" id=\"t2u_121\">Directorate of Fisheries is the </span><span class=\"S2049 SC8 S2\" id=\"t2v_121\">supervisory authority. Regionally, there </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_121\">are a number of sector authorities </span><span class=\"S204A SC8 S2\" id=\"t2x_121\">that together represent a complete </span><span class=\"S204B SC8 S2\" id=\"t2y_121\">administrative and supervisory </span><span class=\"S204C SC8 S2\" id=\"t2z_121\">authority within the area governed by </span><span class=\"S204D SC8 S2\" id=\"t30_121\">the Aquaculture Act. The individual </span><span class=\"S204E SC8 S2\" id=\"t31_121\">county is the regional administrative </span><span class=\"S204F SC8 S2\" id=\"t32_121\">body, and the Directorate of Fisheries </span><span class=\"S2050 SC8 S2\" id=\"t33_121\">is the appellate body for issues </span><span class=\"S1CAF SC8 S2\" id=\"t34_121\">involving localities and licenses. </span><span class=\"S2051 SC8 S2\" id=\"t35_121\">Group makes use of cash \ufb02ow hedging </span><span class=\"S2052 SC8 S2\" id=\"t36_121\">related to interest rate swaps and </span><span class=\"S2053 SC8 S2\" id=\"t37_121\">bunker derivates. If the hedge comes </span><span class=\"S2054 SC8 S2\" id=\"t38_121\">to an end, and the expected future </span><span class=\"S1C44 SC8 S2\" id=\"t39_121\">transaction is no longer likely, gains </span><span class=\"S2055 SC8 S2\" id=\"t3a_121\">and losses are recognised in the income </span><span class=\"S2056 SC8 S2\" id=\"t3b_121\">statement under net \ufb01nancial items. </span><span class=\"S2057 SC7 S2\" id=\"t3c_121\">(W) Capital management </span><span class=\"S2058 S108 S2\" id=\"t3d_121\">The Group\u2019s objectives for capital </span><span class=\"S2059 S108 S2\" id=\"t3e_121\">management are to enable the Group </span><span class=\"S205A S108 S2\" id=\"t3f_121\">to continue as a going concern in order </span><span class=\"S205B S108 S2\" id=\"t3g_121\">to guarantee returns for the owners </span><span class=\"S205C S108 S2\" id=\"t3h_121\">and other stakeholders and to sustain </span><span class=\"S205D S108 S2\" id=\"t3i_121\">an optimal capital structure to allow </span><span class=\"S205E S108 S2\" id=\"t3j_121\">the Group to reduce capital expenses. </span><span class=\"S1E07 S108 S2\" id=\"t3k_121\">Ongoing structural changes in the </span><span class=\"S205F S108 S2\" id=\"t3l_121\">global industry in which the company </span><span class=\"S2060 S108 S2\" id=\"t3m_121\">operates, seen in conjunction with the </span><span class=\"S2061 S108 S2\" id=\"t3n_121\">cyclical nature of the industry, </span><span class=\"S2062 S108 S2\" id=\"t3o_121\">demand that the company at all times </span><span class=\"S2063 S108 S2\" id=\"t3p_121\">must maintain a satisfactory \ufb01nancial </span><span class=\"S1C54 S108 S2\" id=\"t3q_121\">contingency. This in turn requires a </span><span class=\"S2064 S108 S2\" id=\"t3r_121\">close relationship with the company\u2019s </span><span class=\"S2065 S108 S2\" id=\"t3s_121\">shareholders and equity markets. </span><span class=\"S2066 S108 S2\" id=\"t3t_121\">The Group has always stressed the </span><span class=\"S2067 S108 S2\" id=\"t3u_121\">importance of maintaining the </span><span class=\"S2068 S108 S2\" id=\"t3v_121\">con\ufb01dence of its \ufb01nancial partners </span><span class=\"S2069 S108 S2\" id=\"t3w_121\">and thus also access to necessary </span><span class=\"S206A S108 S2\" id=\"t3x_121\">loan capital on favorable terms. </span><span class=\"S206B S108 S2\" id=\"t3y_121\">The Group\u2019s \ufb01nancial goals are </span><span class=\"S206C S108 S2\" id=\"t3z_121\">re\ufb02ected in quanti\ufb01ed parameters </span><span class=\"S206D S108 S2\" id=\"t40_121\">for \ufb01nancial adequacy and returns. </span><span class=\"S206E S108 S2\" id=\"t41_121\">The requirement for \ufb01nancial adequacy </span><span class=\"S206F S108 S2\" id=\"t42_121\">stipulates that the Group\u2019s equity </span><span class=\"S1C62 S108 S2\" id=\"t43_121\">ratio, de\ufb01ned as equity/total assets, </span><span class=\"S2070 S108 S2\" id=\"t44_121\">should be at least 30% over time. The </span><span class=\"S2071 S108 S2\" id=\"t45_121\">Group\u2019s long-term goal for earnings </span><span class=\"S2072 S108 S2\" id=\"t46_121\">is to generate an annual return on </span><span class=\"S2073 S108 S2\" id=\"t47_121\">the Group\u2019s average capital employed </span><span class=\"S2074 S108 S2\" id=\"t48_121\">of 18% before tax. </span><span class=\"S2075 S108 S2\" id=\"t49_121\">The company\u2019s dividend policy </span><span class=\"S2076 S108 S2\" id=\"t4a_121\">implies that, over time, dividends </span><span class=\"S2077 S108 S2\" id=\"t4b_121\">should lie in the region of 30% to 40% </span><span class=\"S2078 S108 S2\" id=\"t4c_121\">of pro\ufb01t after tax. However, care </span><span class=\"S2079 S108 S2\" id=\"t4d_121\">must be taken at all times to ensure </span><span class=\"S207A S108 S2\" id=\"t4e_121\">that the Group operates in line with </span><span class=\"S207B S108 S2\" id=\"t4f_121\">satisfactory \ufb01nancial contingency for </span><span class=\"S1C70 S108 S2\" id=\"t4g_121\">new and pro\ufb01table investments. In </span><span class=\"S1E29 S108 S2\" id=\"t4h_121\">the long run, value generation will </span><span class=\"S207C S108 S2\" id=\"t4i_121\">increasingly be in the form of higher </span><span class=\"S207D S108 S2\" id=\"t4j_121\">share prices rather than in declared </span><span class=\"S207E S108 S2\" id=\"t4k_121\">dividends. See note on dividend per </span><span class=\"S207F S108 S2\" id=\"t4l_121\">share for more information. </span><span class=\"S2081 SC8 S2\" id=\"t1_122\">of a license. Section 9 states that </span><span class=\"S2082 SC8 S2\" id=\"t2_122\">licenses may be revoked due to gross </span><span class=\"S2083 SC8 S2\" id=\"t3_122\">contravention of the provisions of the </span><span class=\"S2084 SC8 S2\" id=\"t4_122\">Act. We can con\ufb01rm that no operative </span><span class=\"S2085 SC8 S2\" id=\"t5_122\">licenses for salmon and trout have </span><span class=\"S2086 SC8 S2\" id=\"t6_122\">been revoked in Norway. </span><span class=\"S1E36 SC8 S2\" id=\"t7_122\">Research and development licenses </span><span class=\"S2087 SC8 S2\" id=\"t8_122\">are time-limited and apply in general </span><span class=\"S2088 SC8 S2\" id=\"t9_122\">for the duration of the project. They </span><span class=\"S2089 SC8 S2\" id=\"ta_122\">are often linked to the life cycle of the </span><span class=\"S208A SC8 S2\" id=\"tb_122\">salmon, i.e. three years. R&amp;D licenses </span><span class=\"S208B SC8 S2\" id=\"tc_122\">are managed in close cooperation with </span><span class=\"S208C SC8 S2\" id=\"td_122\">research groups, and an application </span><span class=\"S1CF4 SC8 S2\" id=\"te_122\">to extend them for a new three-year </span><span class=\"S1C14 SC8 S2\" id=\"tf_122\">period can be made after the project </span><span class=\"S208D SC8 S2\" id=\"tg_122\">has ended. </span><span class=\"S208E SC8 S2\" id=\"th_122\">The parent \ufb01sh licenses are granted for </span><span class=\"S208F SC8 S2\" id=\"ti_122\">15 years at a time, and applications </span><span class=\"S2090 SC8 S2\" id=\"tj_122\">have to be submitted for their renewal, </span><span class=\"S2091 SC8 S2\" id=\"tk_122\">provided that the license holder is </span><span class=\"S1C1B SC8 S2\" id=\"tl_122\">still involved in production of parent </span><span class=\"S2092 SC8 S2\" id=\"tm_122\">\ufb01sh for salmon or trout. Parent \ufb01sh </span><span class=\"S2093 SC8 S2\" id=\"tn_122\">production is an integral part of LSG\u2019s </span><span class=\"S2094 SC8 S2\" id=\"to_122\">value chain (parent \ufb01sh production </span><span class=\"S2095 SC8 S2\" id=\"tp_122\">takes place before production of roe </span><span class=\"S2096 SC8 S2\" id=\"tq_122\">and juvenile \ufb01sh in the value chain) </span><span class=\"S2097 SC8 S2\" id=\"tr_122\">and is therefore closely linked to the </span><span class=\"S2098 SC8 S2\" id=\"ts_122\">breeding system for salmon and trout. </span><span class=\"S2099 SC8 S2\" id=\"tt_122\">The Group\u2019s applications for renewal </span><span class=\"S209A SC8 S2\" id=\"tu_122\">of parent \ufb01sh licenses have always </span><span class=\"S209B SC8 S2\" id=\"tv_122\">been approved, in line with the </span><span class=\"S209C SC8 S2\" id=\"tw_122\">prevailing practice in the industry. </span><span class=\"S209D SC8 S2\" id=\"tx_122\">The licenses for slaughter cages are </span><span class=\"S209E SC8 S2\" id=\"ty_122\">allocated for 10 years at a time. </span><span class=\"S209F SC8 S2\" id=\"tz_122\">Applications can be submitted for </span><span class=\"S20A0 SC8 S2\" id=\"t10_122\">renewal of such licenses provided </span><span class=\"S20A1 SC8 S2\" id=\"t11_122\">that they are linked to an approved </span><span class=\"S20A2 SC8 S2\" id=\"t12_122\">slaughtering plant and only utilised </span><span class=\"S20A3 SC8 S2\" id=\"t13_122\">to keep \ufb01sh ready for slaughter in </span><span class=\"S20A4 SC8 S2\" id=\"t14_122\">immediate proximity to the </span><span class=\"S20A5 SC8 S2\" id=\"t15_122\">slaughtering plant. </span><span class=\"S20A6 SC8 S2\" id=\"t16_122\">The Group\u2019s demonstration licenses </span><span class=\"S1E54 SC8 S2\" id=\"t17_122\">are allocated for a period of 10 years. </span><span class=\"S20A7 SC8 S2\" id=\"t18_122\">Applications can be submitted for </span><span class=\"S20A8 SC8 S2\" id=\"t19_122\">renewal of demonstration licenses </span><span class=\"S20A9 SC8 S2\" id=\"t1a_122\">provided that the terms for the </span><span class=\"S20AA SC8 S2\" id=\"t1b_122\">license are met pursuant to the </span><span class=\"S20AB SC8 S2\" id=\"t1c_122\">Aquaculture Act. </span><span class=\"S20AC SC8 S2\" id=\"t1d_122\">The Group\u2019s teaching licenses have </span><span class=\"S1E5C SC8 S2\" id=\"t1e_122\">been allocated for 10 years. </span><span class=\"S1C39 SC8 S2\" id=\"t1f_122\">Applications can be submitted for </span><span class=\"S20AD SC8 S2\" id=\"t1g_122\">renewal of teaching licenses </span><span class=\"S1E5E SC8 S2\" id=\"t1h_122\">provided that the terms for the </span><span class=\"S20AE SC8 S2\" id=\"t1i_122\">There are certain limitations on the size </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_122\">of juvenile \ufb01sh that may be produced </span><span class=\"S1D1B SC8 S2\" id=\"t1k_122\">according to the individual license. </span><span class=\"S20AF SC8 S2\" id=\"t1l_122\">Licences are granted on the basis of a </span><span class=\"S20B0 SC8 S2\" id=\"t1m_122\">discharge permit for a certain number </span><span class=\"S1F8C SC8 S2\" id=\"t1n_122\">of \ufb01sh/biomass with a maximum </span><span class=\"S20B1 SC8 S2\" id=\"t1o_122\">allowable feed consumption per year. </span><span class=\"S20B2 SC8 S2\" id=\"t1p_122\">In situations where the water source </span><span class=\"S20B3 SC8 S2\" id=\"t1q_122\">is owned by a third party, an </span><span class=\"S20B4 SC8 S2\" id=\"t1r_122\">agreement is also required governing </span><span class=\"S20B5 SC8 S2\" id=\"t1s_122\">the right to utilise the water source. </span><span class=\"S20B6 S1C40 S2\" id=\"t1t_122\">Duration and renewal </span><span class=\"S20B7 SC8 S2\" id=\"t1u_122\">Section 5, second paragraph of the </span><span class=\"S20B8 SC8 S2\" id=\"t1v_122\">Aquaculture Act reads: \"The Ministry </span><span class=\"S1D25 SC8 S2\" id=\"t1w_122\">may prescribe detailed provisions </span><span class=\"S20B9 SC8 S2\" id=\"t1x_122\">relating to the content of the </span><span class=\"S20BA SC8 S2\" id=\"t1y_122\">aquaculture licenses, including the </span><span class=\"S20BB SC8 S2\" id=\"t1z_122\">scope, time limitations, etc., by </span><span class=\"S20BC SC8 S2\" id=\"t20_122\">administrative decision or regulations.\" </span><span class=\"S20BD SC8 S2\" id=\"t21_122\">In the legislative background to the </span><span class=\"S20BE SC8 S2\" id=\"t22_122\">Aquaculture Act, White Paper no. 61 </span><span class=\"S20BF SC8 S2\" id=\"t23_122\">2004-2005, the following statement </span><span class=\"S20C0 SC8 S2\" id=\"t24_122\">can be found on page 59: \"It will remain </span><span class=\"S20C1 SC8 S2\" id=\"t25_122\">the case that licenses are normally </span><span class=\"S20C2 SC8 S2\" id=\"t26_122\">allocated without any speci\ufb01c time </span><span class=\"S20C3 SC8 S2\" id=\"t27_122\">limitation. Implementation of such </span><span class=\"S20C4 SC8 S2\" id=\"t28_122\">limitations should be reserved for those </span><span class=\"S1FA2 SC8 S2\" id=\"t29_122\">issues where a time limitation, based </span><span class=\"S20C5 SC8 S2\" id=\"t2a_122\">on the speci\ufb01c situation, provides for </span><span class=\"S20C6 SC8 S2\" id=\"t2b_122\">a more complete ful\ufb01lment of the Act </span><span class=\"S20C7 SC8 S2\" id=\"t2c_122\">than if the license were to be allocated </span><span class=\"S20C8 SC8 S2\" id=\"t2d_122\">without a time limitation.\" </span><span class=\"S20C9 SC8 S2\" id=\"t2e_122\">The duration of licenses is also </span><span class=\"S20CA SC8 S2\" id=\"t2f_122\">speci\ufb01ed by the Aquaculture Act, </span><span class=\"S20CB SC8 S2\" id=\"t2g_122\">which in its most recent revision </span><span class=\"S20CC SC8 S2\" id=\"t2h_122\">underlined ownership of licenses by </span><span class=\"S20CD SC8 S2\" id=\"t2i_122\">allowing the licenses to be mortgaged </span><span class=\"S20CE SC8 S2\" id=\"t2j_122\">to the bene\ufb01t of the lender. </span><span class=\"S20CF SC8 S2\" id=\"t2k_122\">There are no time limitations speci\ufb01ed </span><span class=\"S20D0 SC8 S2\" id=\"t2l_122\">in LSG\u2019s terms for grow-out and juvenile </span><span class=\"S20D1 SC8 S2\" id=\"t2m_122\">licenses, and they are therefore </span><span class=\"S20D2 SC8 S2\" id=\"t2n_122\">deemed to be time-inde\ufb01nite </span><span class=\"S20D3 SC8 S2\" id=\"t2o_122\">production rights according to the </span><span class=\"S20D4 SC8 S2\" id=\"t2p_122\">prevailing regulations. This also </span><span class=\"S20D5 SC8 S2\" id=\"t2q_122\">applies to green licenses. </span><span class=\"S1BFF SC8 S2\" id=\"t2r_122\">As the licenses are not bound by a </span><span class=\"S20D6 SC8 S2\" id=\"t2s_122\">time-limited period, there is no need </span><span class=\"S20D7 SC8 S2\" id=\"t2t_122\">to apply for their renewal. The licenses </span><span class=\"S20D8 SC8 S2\" id=\"t2u_122\">are deemed to be valid pursuant to </span><span class=\"S20D9 SC8 S2\" id=\"t2v_122\">the Aquaculture Act, unless they are </span><span class=\"S20DA SC8 S2\" id=\"t2w_122\">revoked in accordance with the Act. </span><span class=\"S20DB SC8 S2\" id=\"t2x_122\">Section 9 of the Aquaculture Act </span><span class=\"S20DC SC8 S2\" id=\"t2y_122\">describes the grounds for revocation </span><span class=\"S20DD SC8 S2\" id=\"t2z_122\">the offered growth or not. See note </span><span class=\"S20DE SC8 S2\" id=\"t30_122\">on intangibles, section licenses, for </span><span class=\"S20DF SC8 S2\" id=\"t31_122\">further information about present </span><span class=\"S20E0 SC8 S2\" id=\"t32_122\">year`s changes. </span><span class=\"S20E1 SC8 S2\" id=\"t33_122\">Green farming licenses are licenses </span><span class=\"S20E2 SC8 S2\" id=\"t34_122\">that were awarded in 2015 via a </span><span class=\"S20E3 SC8 S2\" id=\"t35_122\">dedicated licensing round. Special </span><span class=\"S20E4 SC8 S2\" id=\"t36_122\">conditions were attached to these </span><span class=\"S20E5 SC8 S2\" id=\"t37_122\">licenses, mainly concerning </span><span class=\"S20E6 SC8 S2\" id=\"t38_122\">environmental improvement measures. </span><span class=\"S20E7 SC8 S2\" id=\"t39_122\">The licenses were awarded via open </span><span class=\"S20E8 SC8 S2\" id=\"t3a_122\">auctions or competitively, based on </span><span class=\"S1FC7 SC8 S2\" id=\"t3b_122\">environmentally focused technology </span><span class=\"S20E9 SC8 S2\" id=\"t3c_122\">and operating concepts. </span><span class=\"S20EA SC8 S2\" id=\"t3d_122\">Demonstration licenses are licenses </span><span class=\"S20EB SC8 S2\" id=\"t3e_122\">de\ufb01ned for special purposes. </span><span class=\"S20EC SC8 S2\" id=\"t3f_122\">Demonstration licenses are granted to </span><span class=\"S20ED SC8 S2\" id=\"t3g_122\">enterprises in order to share knowledge </span><span class=\"S1BAF SC8 S2\" id=\"t3h_122\">of the aquaculture industry. Such </span><span class=\"S20EE SC8 S2\" id=\"t3i_122\">licenses are often operated in </span><span class=\"S20EF SC8 S2\" id=\"t3j_122\">cooperation with a non-commercial </span><span class=\"S20F0 SC8 S2\" id=\"t3k_122\">entity. </span><span class=\"S20F1 SC8 S2\" id=\"t3l_122\">Teaching licenses are another kind of </span><span class=\"S20F2 SC8 S2\" id=\"t3m_122\">special-purpose license and are </span><span class=\"S20F3 SC8 S2\" id=\"t3n_122\">allocated to disseminate knowledge </span><span class=\"S20F4 SC8 S2\" id=\"t3o_122\">of the \ufb01sh farming industry. The </span><span class=\"S20F5 SC8 S2\" id=\"t3p_122\">licenses are linked to speci\ufb01c </span><span class=\"S1D6E SC8 S2\" id=\"t3q_122\">educational institutions and are thus </span><span class=\"S20F6 SC8 S2\" id=\"t3r_122\">regulated by the county. </span><span class=\"S20F7 SC8 S2\" id=\"t3s_122\">Research and development licenses </span><span class=\"S20F8 SC8 S2\" id=\"t3t_122\">are licenses awarded in connection </span><span class=\"S1D73 SC8 S2\" id=\"t3u_122\">with research and development </span><span class=\"S20F9 SC8 S2\" id=\"t3v_122\">projects in the industry, where </span><span class=\"S20FA SC8 S2\" id=\"t3w_122\">dedicated licenses are required to </span><span class=\"S20FB SC8 S2\" id=\"t3x_122\">carry out the R&amp;D activity. </span><span class=\"S20FC SC8 S2\" id=\"t3y_122\">Slaughter cage licenses are </span><span class=\"S1FDF SC8 S2\" id=\"t3z_122\">allocated for the use of sea cages for </span><span class=\"S20FD SC8 S2\" id=\"t40_122\">live \ufb01sh for slaughter. These licenses </span><span class=\"S20FE SC8 S2\" id=\"t41_122\">are linked to a speci\ufb01c location, which </span><span class=\"S20FF SC8 S2\" id=\"t42_122\">is the Group\u2019s slaughtering plant for </span><span class=\"S2100 SC8 S2\" id=\"t43_122\">salmon and trout. </span><span class=\"S2101 SC8 S2\" id=\"t44_122\">Parent \ufb01sh licenses are also licenses </span><span class=\"S2102 SC8 S2\" id=\"t45_122\">de\ufb01ned for special purposes. Parent </span><span class=\"S2103 SC8 S2\" id=\"t46_122\">\ufb01sh licenses are granted for the </span><span class=\"S2104 SC8 S2\" id=\"t47_122\">production of salmon roe utilised to </span><span class=\"S2105 SC8 S2\" id=\"t48_122\">produce juvenile \ufb01sh. </span><span class=\"S1E8C SC8 S2\" id=\"t49_122\">Juvenile \ufb01sh licenses are licenses to </span><span class=\"S2106 SC8 S2\" id=\"t4a_122\">produce juvenile salmon and trout in </span><span class=\"S2107 SC8 S2\" id=\"t4b_122\">fresh water that in total authorise the </span><span class=\"S2108 SC8 S2\" id=\"t4c_122\">license holder to produce a speci\ufb01c </span><span class=\"S2109 SC8 S2\" id=\"t4d_122\">number of juvenile salmon and trout. </span><span class=\"S210A S1E31 S2\" id=\"t1_123\">however result in less predictability </span><span class=\"S210B S1E31 S2\" id=\"t2_123\">for the entities than licenses without </span><span class=\"S210C S1E31 S2\" id=\"t3_123\">time limitations. Predictability is key as </span><span class=\"S210D S1E31 S2\" id=\"t4_123\">breeding and parent \ufb01sh production </span><span class=\"S1D8F S1E31 S2\" id=\"t5_123\">is a time-consuming and resource- </span><span class=\"S210E S1E31 S2\" id=\"t6_123\">intensive activity, but this is provided </span><span class=\"S1F28 S1E31 S2\" id=\"t7_123\">for by (...) a \ufb01xed-term period with </span><span class=\"S1CB6 S1E31 S2\" id=\"t8_123\">clearly de\ufb01ned predictability for </span><span class=\"S210F S1E31 S2\" id=\"t9_123\">extension.\" </span><span class=\"S2110 SC8 S2\" id=\"ta_123\">IAS 38.94 states that if the contractual </span><span class=\"S1F2D SC8 S2\" id=\"tb_123\">or legal rights are assigned for a </span><span class=\"S1FF9 SC8 S2\" id=\"tc_123\">limited period of time that can be </span><span class=\"S2111 SC8 S2\" id=\"td_123\">renewed, the useful life of the </span><span class=\"S2112 SC8 S2\" id=\"te_123\">intangible asset should include the </span><span class=\"S2113 SC8 S2\" id=\"tf_123\">renewal period(s) only if there is </span><span class=\"S2114 SC8 S2\" id=\"tg_123\">documented evidence to support that </span><span class=\"S1CBF SC8 S2\" id=\"th_123\">the cost of the renewal for the entity </span><span class=\"S2115 SC8 S2\" id=\"ti_123\">is not signi\ufb01cant. IAS 38.96 provides </span><span class=\"S2116 SC8 S2\" id=\"tj_123\">guidelines describing factors that </span><span class=\"S2117 SC8 S2\" id=\"tk_123\">can be included in this assessment. </span><span class=\"S2118 SC8 S2\" id=\"tl_123\">The following factors have been </span><span class=\"S2119 SC8 S2\" id=\"tm_123\">central to LSG\u2019s assessment of </span><span class=\"S1DA0 SC8 S2\" id=\"tn_123\">inde\ufb01nite useful life for the parent </span><span class=\"S211A SC8 S2\" id=\"to_123\">\ufb01sh licenses: </span><span class=\"S211B SC8 S2\" id=\"tp_123\">a) the entity\u2019s licenses have always </span><span class=\"S211C SC8 S2\" id=\"tq_123\">been renewed. Renewal does not </span><span class=\"S211D SC8 S2\" id=\"tr_123\">require third-party consent, but is </span><span class=\"S211E SC8 S2\" id=\"ts_123\">based on factors that are under </span><span class=\"S211F SC8 S2\" id=\"tt_123\">the control of the entity, i.e. the </span><span class=\"S2120 SC8 S2\" id=\"tu_123\">terms of the license are met and </span><span class=\"S2121 SC8 S2\" id=\"tv_123\">an application for renewal has </span><span class=\"S2122 SC8 S2\" id=\"tw_123\">been submitted before the expiry </span><span class=\"S2123 SC8 S2\" id=\"tx_123\">of the 15-year period. The main </span><span class=\"S2124 SC8 S2\" id=\"ty_123\">condition for renewal is that parent </span><span class=\"S2125 SC8 S2\" id=\"tz_123\">\ufb01sh production is carried out in </span><span class=\"S2126 SC8 S2\" id=\"t10_123\">connection with a breeding system. </span><span class=\"S2127 SC8 S2\" id=\"t11_123\">Parent \ufb01sh production will continue </span><span class=\"S2128 SC8 S2\" id=\"t12_123\">to be an integral part of LSG\u2019s value </span><span class=\"S2129 SC8 S2\" id=\"t13_123\">chain, and as such this requirement </span><span class=\"S212A SC8 S2\" id=\"t14_123\">will be met. </span><span class=\"S212B SC8 S2\" id=\"t15_123\">b) the entity can document ful\ufb01lment </span><span class=\"S212C SC8 S2\" id=\"t16_123\">of the license conditions, </span><span class=\"S212D SC8 S2\" id=\"t17_123\">c) the cost to the entity for renewal is </span><span class=\"S212E SC8 S2\" id=\"t18_123\">not signi\ufb01cant, when compared </span><span class=\"S212F SC8 S2\" id=\"t19_123\">with the future economic bene\ufb01ts </span><span class=\"S2130 SC8 S2\" id=\"t1a_123\">expected to \ufb02ow to the entity from </span><span class=\"S2131 SC8 S2\" id=\"t1b_123\">renewal. </span><span class=\"S2132 S2197 S2\" id=\"t1c_123\">Demonstration licenses </span><span class=\"S2133 SC8 S2\" id=\"t1d_123\">The Group\u2019s demonstration licenses </span><span class=\"S2134 SC8 S2\" id=\"t1e_123\">are allocated for a period of 10 years. </span><span class=\"S2135 SC8 S2\" id=\"t1f_123\">Applications can be submitted for </span><span class=\"S2136 SC8 S2\" id=\"t1g_123\">renewal of demonstration licenses </span><span class=\"S2137 SC8 S2\" id=\"t1h_123\">provided that the terms for the license </span><span class=\"S1CE3 SC8 S2\" id=\"t1i_123\">are met pursuant to the Aquaculture </span><span class=\"S201F SC8 S2\" id=\"t1j_123\">Act. As with parent \ufb01sh licenses, this </span><span class=\"S2138 SC8 S2\" id=\"t1k_123\">type of license is de\ufb01ned as being for </span><span class=\"S2139 S1C40 S2\" id=\"t1l_123\">Assessment of economic life </span><span class=\"S213A SC8 S2\" id=\"t1m_123\">According to past and present </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_123\">legislation and the general </span><span class=\"S213B SC8 S2\" id=\"t1o_123\">interpretation and practice in the </span><span class=\"S213C SC8 S2\" id=\"t1p_123\">industry, Norwegian \ufb01sh farming </span><span class=\"S213D SC8 S2\" id=\"t1q_123\">licenses are not a time-limited right, </span><span class=\"S213E SC8 S2\" id=\"t1r_123\">and licenses should therefore not be </span><span class=\"S213F SC8 S2\" id=\"t1s_123\">subject to amortisation. Where time- </span><span class=\"S2140 SC8 S2\" id=\"t1t_123\">limited R&amp;D licenses, demonstration </span><span class=\"S2141 SC8 S2\" id=\"t1u_123\">licenses and educational licenses are </span><span class=\"S2142 SC8 S2\" id=\"t1v_123\">concerned, these are awarded free </span><span class=\"S2143 SC8 S2\" id=\"t1w_123\">of charge, so amortisation is normally </span><span class=\"S2144 SC8 S2\" id=\"t1x_123\">not relevant. However, in cases where </span><span class=\"S2145 SC8 S2\" id=\"t1y_123\">related acquiring or renewing costs </span><span class=\"S2146 SC8 S2\" id=\"t1z_123\">are capitalised, they will be subjected </span><span class=\"S2147 SC8 S2\" id=\"t20_123\">to depreciation over the economic life. </span><span class=\"S2148 S2197 S2198 S2\" id=\"t21_123\">Grow-out licenses and juvenile \ufb01sh </span><span class=\"S2149 S2197 S2\" id=\"t22_123\">licenses </span><span class=\"S214A SC8 S2\" id=\"t23_123\">The following factors played a key </span><span class=\"S214B SC8 S2\" id=\"t24_123\">role in the assessment of whether </span><span class=\"S214C SC8 S2\" id=\"t25_123\">licenses have an inde\ufb01nite useful life, </span><span class=\"S214D SC8 S2\" id=\"t26_123\">with reference to the description of </span><span class=\"S214E SC8 S2\" id=\"t27_123\">the license types above: </span><span class=\"S2035 SC8 S2\" id=\"t28_123\">(1) No time limitation on the licenses </span><span class=\"S214F SC8 S2\" id=\"t29_123\">(2) Insigni\ufb01cant expenditure involved </span><span class=\"S2150 SC8 S2\" id=\"t2a_123\">in maintaining the licenses </span><span class=\"S1DDC SC8 S2\" id=\"t2b_123\">(3) High threshold for revocation of </span><span class=\"S2151 SC8 S2\" id=\"t2c_123\">licenses; this has never happened </span><span class=\"S2152 SC8 S2\" id=\"t2d_123\">in Norway </span><span class=\"S203B SC8 S2\" id=\"t2e_123\">It has also been noted that the </span><span class=\"S1DE1 SC8 S2\" id=\"t2f_123\">licenses are registered in the public </span><span class=\"S2153 SC8 S2\" id=\"t2g_123\">aquaculture register as being </span><span class=\"S2154 SC8 S2\" id=\"t2h_123\">without time limitation. </span><span class=\"S2155 SC8 S2\" id=\"t2i_123\">On this basis, the economic life is </span><span class=\"S2156 SC8 S2\" id=\"t2j_123\">assessed to be inde\ufb01nite for the </span><span class=\"S1C9E SC8 S2\" id=\"t2k_123\">grow-out licenses and juvenile \ufb01sh </span><span class=\"S2157 SC8 S2\" id=\"t2l_123\">licenses, in accordance with IAS 38.90. </span><span class=\"S2158 S2197 S2\" id=\"t2m_123\">Parent \ufb01sh licenses </span><span class=\"S2159 SC8 S2\" id=\"t2n_123\">As mentioned above, these licenses are </span><span class=\"S215A SC8 S2\" id=\"t2o_123\">granted for 15 years at a time, and </span><span class=\"S215B SC8 S2\" id=\"t2p_123\">applications can be submitted for </span><span class=\"S215C SC8 S2\" id=\"t2q_123\">renewal. In 2007, the duration of parent </span><span class=\"S215D SC8 S2\" id=\"t2r_123\">\ufb01sh licenses was amended from 10 </span><span class=\"S215E SC8 S2\" id=\"t2s_123\">years to 15 years (amendment to </span><span class=\"S215F SC8 S2\" id=\"t2t_123\">regulation dated 14 August 2007 no. </span><span class=\"S2160 SC8 S2\" id=\"t2u_123\">986). In the consultation document </span><span class=\"S2161 SC8 S2\" id=\"t2v_123\">dated 7 June 2007, the Ministry stated </span><span class=\"S2162 SC8 S2\" id=\"t2w_123\">the following regarding time limitation </span><span class=\"S2163 SC8 S2\" id=\"t2x_123\">for parent \ufb01sh licenses in item 3.3: </span><span class=\"S2164 S1E31 S2\" id=\"t2y_123\">\"The recommendation implies that </span><span class=\"S2165 S1E31 S2\" id=\"t2z_123\">the licenses shall be time-limited for </span><span class=\"S2166 S1E31 S2\" id=\"t30_123\">a period (...) with clearly de\ufb01ned </span><span class=\"S2167 S1E31 S2\" id=\"t31_123\">predictability for extension of new </span><span class=\"S1CAF S1E31 S2\" id=\"t32_123\">periods. Time-limited licenses may </span><span class=\"S2168 SC8 S2\" id=\"t33_123\">license are met pursuant to the </span><span class=\"S2169 SC8 S2\" id=\"t34_123\">Aquaculture Act. </span><span class=\"S216A S1C40 S2\" id=\"t35_123\">Regulations relating to right of use: </span><span class=\"S216B S1C40 S2\" id=\"t36_123\">transfer, lease, moving etc. </span><span class=\"S216C SC8 S2\" id=\"t37_123\">All licenses can be transferred pursuant </span><span class=\"S216D SC8 S2\" id=\"t38_123\">to section 19 of the Aquaculture Act, </span><span class=\"S1C47 SC8 S2\" id=\"t39_123\">and can be mortgaged pursuant to </span><span class=\"S216E SC8 S2\" id=\"t3a_123\">section 20 of the Act. An aquaculture </span><span class=\"S216F SC8 S2\" id=\"t3b_123\">register is kept of all aquaculture </span><span class=\"S2170 SC8 S2\" id=\"t3c_123\">licenses where transfers and </span><span class=\"S2171 SC8 S2\" id=\"t3d_123\">mortgaging are registered. The leasing </span><span class=\"S2172 SC8 S2\" id=\"t3e_123\">of aquaculture licenses or license </span><span class=\"S2173 SC8 S2\" id=\"t3f_123\">capacity is not permitted. Grow-out </span><span class=\"S2174 SC8 S2\" id=\"t3g_123\">licenses and parent \ufb01sh licenses can be </span><span class=\"S2175 SC8 S2\" id=\"t3h_123\">linked to different locations, but there </span><span class=\"S2176 SC8 S2\" id=\"t3i_123\">are certain limitations on moving of </span><span class=\"S2177 SC8 S2\" id=\"t3j_123\">licenses between the regions de\ufb01ned </span><span class=\"S2178 SC8 S2\" id=\"t3k_123\">by the Directorate of Fisheries. In </span><span class=\"S2179 SC8 S2\" id=\"t3l_123\">practice, this means that licenses </span><span class=\"S217A SC8 S2\" id=\"t3m_123\">cannot be moved between de\ufb01ned </span><span class=\"S217B SC8 S2\" id=\"t3n_123\">regions, which typically follow county </span><span class=\"S217C SC8 S2\" id=\"t3o_123\">borders. Juvenile \ufb01sh licenses are </span><span class=\"S1ED6 SC8 S2\" id=\"t3p_123\">attached to one locality \u2013 the locality </span><span class=\"S217D SC8 S2\" id=\"t3q_123\">for which the license applies. </span><span class=\"S217E S1C40 S2\" id=\"t3r_123\">Costs related to licenses </span><span class=\"S217F SC8 S2\" id=\"t3s_123\">Payment has been required for new </span><span class=\"S2180 SC8 S2\" id=\"t3t_123\">licenses granted during more recent </span><span class=\"S1E13 SC8 S2\" id=\"t3u_123\">allocation rounds. The amount of the </span><span class=\"S2181 SC8 S2\" id=\"t3v_123\">payment depends on the allocation </span><span class=\"S2182 SC8 S2\" id=\"t3w_123\">criteria, including for example a \ufb01xed </span><span class=\"S2183 SC8 S2\" id=\"t3x_123\">price versus the auction principle. </span><span class=\"S2184 SC8 S2\" id=\"t3y_123\">Given that there is no requirement to </span><span class=\"S2185 SC8 S2\" id=\"t3z_123\">apply for renewal of licenses, then </span><span class=\"S2186 SC8 S2\" id=\"t40_123\">there are no costs involved in license </span><span class=\"S2187 SC8 S2\" id=\"t41_123\">renewal. </span><span class=\"S2188 SC8 S2\" id=\"t42_123\">The costs of maintaining aquaculture </span><span class=\"S2189 SC8 S2\" id=\"t43_123\">licenses in Norway are insigni\ufb01cant. </span><span class=\"S218A SC8 S2\" id=\"t44_123\">There are no annual fees or other </span><span class=\"S218B SC8 S2\" id=\"t45_123\">types of duties linked to the actual </span><span class=\"S218C SC8 S2\" id=\"t46_123\">license. However, there are certain </span><span class=\"S218D SC8 S2\" id=\"t47_123\">fees to be paid for inspection and </span><span class=\"S218E SC8 S2\" id=\"t48_123\">control of the licenses. Fees also have </span><span class=\"S218F SC8 S2\" id=\"t49_123\">to be paid to establish new localities </span><span class=\"S2190 SC8 S2\" id=\"t4a_123\">and/or to extend/amend localities. </span><span class=\"S1C6D SC8 S2\" id=\"t4b_123\">As a main rule, an amount of twelve </span><span class=\"S2191 SC8 S2\" id=\"t4c_123\">thousand Norwegian krones is paid </span><span class=\"S2192 SC8 S2\" id=\"t4d_123\">per license covered by an application </span><span class=\"S1C70 SC8 S2\" id=\"t4e_123\">for amendment at locality level, cf. </span><span class=\"S1EEB SC8 S2\" id=\"t4f_123\">section 2 of the Regulation relating </span><span class=\"S2193 SC8 S2\" id=\"t4g_123\">to fees and duties for aquaculture </span><span class=\"S2194 SC8 S2\" id=\"t4h_123\">activities. All fees and costs are </span><span class=\"S1E2C SC8 S2\" id=\"t4i_123\">immediately recognised as an </span><span class=\"S2195 SC8 S2\" id=\"t4j_123\">operating expense. </span><span class=\"S1B9C SC8 S2\" id=\"t1_124\">special purposes. Both parent \ufb01sh </span><span class=\"S2199 SC8 S2\" id=\"t2_124\">and demonstration licenses are a </span><span class=\"S219A SC8 S2\" id=\"t3_124\">type of activity without any clear </span><span class=\"S219B SC8 S2\" id=\"t4_124\">time limitation. In principle, the same </span><span class=\"S219C SC8 S2\" id=\"t5_124\">factors as for parent \ufb01sh licenses will </span><span class=\"S219D SC8 S2\" id=\"t6_124\">apply to demonstration licenses. </span><span class=\"S219E S2197 S2\" id=\"t7_124\">Teaching licenses </span><span class=\"S219F SC8 S2\" id=\"t8_124\">With one exception, the Group\u2019s </span><span class=\"S21A0 SC8 S2\" id=\"t9_124\">teaching licenses have been allocated </span><span class=\"S1BA6 SC8 S2\" id=\"ta_124\">for 10 years. Applications can be </span><span class=\"S1FC5 SC8 S2\" id=\"tb_124\">submitted for renewal of teaching </span><span class=\"S21A1 SC8 S2\" id=\"tc_124\">licenses provided that the terms for </span><span class=\"S21A2 SC8 S2\" id=\"td_124\">the license are met pursuant to the </span><span class=\"S21A3 SC8 S2\" id=\"te_124\">Aquaculture Act. The Group has also </span><span class=\"S21A4 SC8 S2\" id=\"tf_124\">taken over one teaching license </span><span class=\"S21A5 SC8 S2\" id=\"tg_124\">pursuant to an open-ended agreement </span><span class=\"S21A6 SC8 S2\" id=\"th_124\">with an educational institution. Since </span><span class=\"S21A7 SC8 S2\" id=\"ti_124\">the agreement has a limited </span><span class=\"S1FCB SC8 S2\" id=\"tj_124\">unde\ufb01ned useful life, its duration has </span><span class=\"S21A8 SC8 S2\" id=\"tk_124\">been estimated at one year. </span><span class=\"S21A9 SC7 S2\" id=\"tl_124\">(Y) New and amended \ufb01nancial </span><span class=\"S21AA SC7 S2\" id=\"tm_124\">reporting standards </span><span class=\"S21AB S21BB S2\" id=\"tn_124\">New standards implemented in 2022 </span><span class=\"S21AC S108 S2\" id=\"to_124\">IASB and EU have not implemented </span><span class=\"S21AD S108 S2\" id=\"tp_124\">any new standards that have been </span><span class=\"S21AE S108 S2\" id=\"tq_124\">mandatory to adopt in 2022. </span><span class=\"S1BB8 S1C40 S2\" id=\"tr_124\">New standards which have not come </span><span class=\"S21AF S1C40 S2\" id=\"ts_124\">into effect and where the Group has </span><span class=\"S20F6 S1C40 S2\" id=\"tt_124\">not opted for early application </span><span class=\"S21B0 SC8 S2\" id=\"tu_124\">Certain new accounting standards </span><span class=\"S21B1 SC8 S2\" id=\"tv_124\">and interpretations have been </span><span class=\"S21B2 SC8 S2\" id=\"tw_124\">published that are not mandatory </span><span class=\"S21B3 SC8 S2\" id=\"tx_124\">for 2022 reporting periods and have </span><span class=\"S21B4 SC8 S2\" id=\"ty_124\">not been early adopted by the group. </span><span class=\"S21B5 SC8 S2\" id=\"tz_124\">These standards and interpretations </span><span class=\"S21B6 SC8 S2\" id=\"t10_124\">are not expected to have a material </span><span class=\"S21B7 SC8 S2\" id=\"t11_124\">impact on the group in the future </span><span class=\"S21B8 SC8 S2\" id=\"t12_124\">reporting periods and on foreseeable </span><span class=\"S21B9 SC8 S2\" id=\"t13_124\">future transactions. </span><span class=\"S21BC SC8 S2\" id=\"t1_125\">Ler\u00f8y Seafood Group\u2019s accounts are </span><span class=\"S21BD SC8 S2\" id=\"t2_125\">submitted in accordance with </span><span class=\"S21BE SC8 S2\" id=\"t3_125\">international standards for \ufb01nancial </span><span class=\"S21BF SC8 S2\" id=\"t4_125\">reporting (IFRS) and interpretations </span><span class=\"S21C0 SC8 S2\" id=\"t5_125\">established by the International </span><span class=\"S1DFD SC8 S2\" id=\"t6_125\">Accounting Standards Board (IASB) </span><span class=\"S1DFE SC8 S2\" id=\"t7_125\">and adopted by the EU. In addition, </span><span class=\"S21C1 SC8 S2\" id=\"t8_125\">the Board and management have </span><span class=\"S21C2 SC8 S2\" id=\"t9_125\">chosen to present certain alternative </span><span class=\"S21C3 SC8 S2\" id=\"ta_125\">performance measures (APMs) to make </span><span class=\"S21C4 SC8 S2\" id=\"tb_125\">the Group\u2019s developments simpler to </span><span class=\"S21C5 SC8 S2\" id=\"tc_125\">understand. The Board and </span><span class=\"S2172 SC8 S2\" id=\"td_125\">management are of the opinion that </span><span class=\"S21C6 SC8 S2\" id=\"te_125\">these performance measures are in </span><span class=\"S21C7 SC8 S2\" id=\"tf_125\">demand and utilised by investors, </span><span class=\"S21C8 SC8 S2\" id=\"tg_125\">analysts, credit institutions and other </span><span class=\"S1ED1 SC8 S2\" id=\"th_125\">stakeholders. The alternative </span><span class=\"S2177 SC8 S2\" id=\"ti_125\">performance measures are derived </span><span class=\"S21C9 SC8 S2\" id=\"tj_125\">from the performance measures </span><span class=\"S21CA SC8 S2\" id=\"tk_125\">de\ufb01ned in IFRS. The \ufb01gures are de\ufb01ned </span><span class=\"S21CB SC8 S2\" id=\"tl_125\">below. They are consistently calculated </span><span class=\"S21CC SC8 S2\" id=\"tm_125\">and presented in addition to other </span><span class=\"S21CD SC8 S2\" id=\"tn_125\">performance measures, in line with </span><span class=\"S1ED6 SC8 S2\" id=\"to_125\">the Guidelines on Alternative </span><span class=\"S21CE SC8 S2\" id=\"tp_125\">Performance Measures from the </span><span class=\"S21CF SC8 S2\" id=\"tq_125\">European Securities and Markets </span><span class=\"S21D0 SC8 S2\" id=\"tr_125\">Authority (ESMA). </span><span class=\"S21D1 SC7 S2\" id=\"ts_125\">EBIT before fair value adjustments </span><span class=\"S21D2 SC8 S2\" id=\"tt_125\">EBIT before fair value adjustments is </span><span class=\"S21D3 SC8 S2\" id=\"tu_125\">an APM utilised by the Group. </span><span class=\"S21D4 SC8 S2\" id=\"tv_125\">Pursuant </span><span class=\"S21D5 SC8 S2\" id=\"tw_125\">to IFRS, biological assets (\ufb01sh in the </span><span class=\"S21D6 SC8 S2\" id=\"tx_125\">sea) shall be measured at fair value </span><span class=\"S21D7 SC8 S2\" id=\"ty_125\">in the statement of \ufb01nancial position </span><span class=\"S21D8 SC8 S2\" id=\"tz_125\">(IAS 41). Estimates of fair value require </span><span class=\"S21D9 SC8 S2\" id=\"t10_125\">various assumptions about the future, </span><span class=\"S21DA SC8 S2\" id=\"t11_125\">including price developments. Changes </span><span class=\"S21DB SC8 S2\" id=\"t12_125\">in the market\u2019s price expectations may </span><span class=\"S1DD0 SC8 S2\" id=\"t13_125\">therefore result in major changes in </span><span class=\"S202C SC8 S2\" id=\"t14_125\">carried value. As this change in value </span><span class=\"S202D SC8 S2\" id=\"t15_125\">is included in the operating pro\ufb01t or </span><span class=\"S21DC SC8 S2\" id=\"t16_125\">loss (EBIT) as de\ufb01ned in IFRS, this \ufb01gure </span><span class=\"S21DD SC8 S2\" id=\"t17_125\">alone is not suf\ufb01cient to illustrate the </span><span class=\"S21DE SC8 S2\" id=\"t18_125\">Group\u2019s performance during the </span><span class=\"S214B SC8 S2\" id=\"t19_125\">period. The same applies to other </span><span class=\"S1F01 SC8 S2\" id=\"t1a_125\">items on the statement of \ufb01nancial </span><span class=\"S21DF SC8 S2\" id=\"t1b_125\">position related to biological assets, </span><span class=\"S21E0 SC8 S2\" id=\"t1c_125\">onerous contracts (IFRS 37) and </span><span class=\"S21E1 SC8 S2\" id=\"t1d_125\">\ufb01nancial \ufb01sh-pool contracts (IFRS 9). </span><span class=\"S21E2 SC8 S2\" id=\"t1e_125\">The Group has therefore elected to </span><span class=\"S21E3 SC8 S2\" id=\"t1f_125\">present operating pro\ufb01t as it would </span><span class=\"S21E4 SC8 S2\" id=\"t1g_125\">be presented before recognition of </span><span class=\"S1F26 SC8 S2\" id=\"t1h_125\">the above-mentioned fair value </span><span class=\"S21E5 SC8 S2\" id=\"t1i_125\">adjustments, as an alternative </span><span class=\"S21E6 SC8 S2\" id=\"t1j_125\">performance measure. By presenting </span><span class=\"S21E7 SC8 S2\" id=\"t1k_125\">(1) EBIT before fair value adjustments, </span><span class=\"S21E8 SC8 S2\" id=\"t1l_125\">(2) fair value adjustments in the period </span><span class=\"S21E9 SC8 S2\" id=\"t1m_125\">and (3) EBIT after fair value </span><span class=\"S21EA SC8 S2\" id=\"t1n_125\">adjustments, the user of the \ufb01nancial </span><span class=\"S21EB SC8 S2\" id=\"t1o_125\">statements will easily be able to </span><span class=\"S21EC SC8 S2\" id=\"t1p_125\">identify how much of the operating </span><span class=\"S21ED SC8 S2\" id=\"t1q_125\">pro\ufb01t comprises changes in fair value </span><span class=\"S21EE SC8 S2\" id=\"t1r_125\">(fair value adjustments) and thereby </span><span class=\"S1D98 SC8 S2\" id=\"t1s_125\">compare performance with other </span><span class=\"S1D99 SC8 S2\" id=\"t1t_125\">companies in the same industry. The </span><span class=\"S1D9A SC8 S2\" id=\"t1u_125\">note on biological assets contains a </span><span class=\"S21EF SC8 S2\" id=\"t1v_125\">detailed description of how fair value </span><span class=\"S21F0 SC8 S2\" id=\"t1w_125\">adjustment is calculated and the </span><span class=\"S21F1 SC8 S2\" id=\"t1x_125\">\ufb01gures for each component. The </span><span class=\"S21F2 SC8 S2\" id=\"t1y_125\">following components are included: </span><span class=\"S21F3 SC4 S2\" id=\"t1z_125\">2022 </span><span class=\"S21F4 SC4 S2\" id=\"t20_125\">2021 </span><span class=\"S21F5 SC5 S2\" id=\"t21_125\">Operating pro\ufb01t (EBIT) </span><span class=\"S21F6 SC5 S2\" id=\"t22_125\">4 283 045 </span><span class=\"S21F7 SC5 S2\" id=\"t23_125\">3 604 087 </span><span class=\"S21F8 SC5 S2\" id=\"t24_125\">Fair value adjustments </span><span class=\"S21F9 SC5 S2\" id=\"t25_125\">-1 088 166 </span><span class=\"S21FA SC5 S2\" id=\"t26_125\">-1 085 304 </span><span class=\"S21FB SC4 S2\" id=\"t27_125\">EBIT before fair value adjustments </span><span class=\"S21FC SC4 S2\" id=\"t28_125\">3 194 879 </span><span class=\"S21FD SC4 S2\" id=\"t29_125\">2 518 783 </span><span class=\"S21FE SC4 S2\" id=\"t2a_125\">Fair value adjustments consists of </span><span class=\"S21FF SC5 S2\" id=\"t2b_125\">1. Change in fair value adjustment on \ufb01sh in sea </span><span class=\"S2200 SC5 S2\" id=\"t2c_125\">2. Change in fair value adjustment on roe, fry and cleaning \ufb01sh* </span><span class=\"S2201 SC5 S2\" id=\"t2d_125\">3. Change in fair value adjustment on onerous contracts (salmon and trout) </span><span class=\"S2202 SC5 S2\" id=\"t2e_125\">4. Change in fair value adjustment on Fish Pool contracts (\ufb01nancial contracts on salmon), not regarded as hedges </span><span class=\"S2203 SAF1 S2\" id=\"t2f_125\">* For this group historical cost provides the best estimate of fair value. </span><span class=\"S2204 SC5 S2\" id=\"t2g_125\">See note on biological assets for more details. </span><span class=\"S2205 SC5 S2\" id=\"t2h_125\">The APM is used in the income statement, in note 5 on segments and in the calculation of some key \ufb01gures. </span><span class=\"S2206 SC5 S2\" id=\"t2i_125\">It is also referred to in the Board of Director`s report. </span><span class=\"S2207 SC7 S2\" id=\"t2j_125\">EBITDA before fair value adjustments </span><span class=\"S2208 SC8 S2\" id=\"t2k_125\">EBITDA before fair value adjustments is an APM. Calculation is identical as the calculation of \u00abEBIT before fair value </span><span class=\"S2209 SC8 S2\" id=\"t2l_125\">adjustments\u00bb (above). </span><span class=\"S220A SC4 S2\" id=\"t2m_125\">2022 </span><span class=\"S220B SC4 S2\" id=\"t2n_125\">2021 </span><span class=\"S220C SC5 S2\" id=\"t2o_125\">EBIT </span><span class=\"S220D SC5 S2\" id=\"t2p_125\">4 283 045 </span><span class=\"S220E SC5 S2\" id=\"t2q_125\">3 604 087 </span><span class=\"S220F SC5 S2\" id=\"t2r_125\">Depreciations (intangibles, RoU assets and \ufb01xed assets) </span><span class=\"S2210 SC5 S2\" id=\"t2s_125\">1 326 039 </span><span class=\"S2211 SC5 S2\" id=\"t2t_125\">1 252 334 </span><span class=\"S2212 SC5 S2\" id=\"t2u_125\">Impairment loss </span><span class=\"S2213 SC5 S2\" id=\"t2v_125\">0 </span><span class=\"S2214 SC5 S2\" id=\"t2w_125\">6 400 </span><span class=\"S2215 SC4 S2\" id=\"t2x_125\">EBITDA </span><span class=\"S2216 SC4 S2\" id=\"t2y_125\">5 609 084 </span><span class=\"S2217 SC4 S2\" id=\"t2z_125\">4 862 820 </span><span class=\"S2218 SC5 S2\" id=\"t30_125\">Fair value adjustments </span><span class=\"S2219 SC5 S2\" id=\"t31_125\">-1 088 166 </span><span class=\"S221A SC5 S2\" id=\"t32_125\">-1 085 304 </span><span class=\"S221B SC4 S2\" id=\"t33_125\">EBITDA before fair value adjustments </span><span class=\"S221C SC4 S2\" id=\"t34_125\">4 520 918 </span><span class=\"S221D SC4 S2\" id=\"t35_125\">3 777 516 </span><span class=\"S221E SAF1 S2\" id=\"t36_125\">The APM is used in the income statement. </span><span class=\"S2220 S18EC S2\" id=\"t3e_125\">NOTE 2 </span><span class=\"S2221 S18EC S2\" id=\"t3f_125\">Alternative performance measures </span><span class=\"S2222 SC7 S2\" id=\"t1_126\">Pro\ufb01t before tax and fair value </span><span class=\"S2223 SC7 S2\" id=\"t2_126\">adjustments </span><span class=\"S2224 SC8 S2\" id=\"t3_126\">Pro\ufb01t before tax and fair value </span><span class=\"S2225 SC8 S2\" id=\"t4_126\">adjustments is an APM utilised by the </span><span class=\"S2226 SC8 S2\" id=\"t5_126\">Group. </span><span class=\"S2227 SC8 S2\" id=\"t6_126\">Pursuant to IFRS, biological </span><span class=\"S1BA1 SC8 S2\" id=\"t7_126\">assets (\ufb01sh in the sea) shall be </span><span class=\"S2228 SC8 S2\" id=\"t8_126\">measured at fair value in the </span><span class=\"S2229 SC8 S2\" id=\"t9_126\">statement of \ufb01nancial position (IAS </span><span class=\"S222A SC8 S2\" id=\"ta_126\">41). The APM demonstrates how the </span><span class=\"S222B SC8 S2\" id=\"tb_126\">result would have been if IAS 41 not </span><span class=\"S222C SC8 S2\" id=\"tc_126\">had been applied. This implies that </span><span class=\"S222D SC8 S2\" id=\"td_126\">the FV adjustment on \ufb01sh in sea are </span><span class=\"S1BD6 SC8 S2\" id=\"te_126\">reversed (eliminated). This includes </span><span class=\"S222E SC8 S2\" id=\"tf_126\">both the group`s own FV adjustment </span><span class=\"S222F SC8 S2\" id=\"tg_126\">and also the FV adjustments included </span><span class=\"S1E33 SC8 S2\" id=\"th_126\">in the income from associated </span><span class=\"S2230 SC8 S2\" id=\"ti_126\">companies (AC) also applying IAS 41, </span><span class=\"S2231 SC8 S2\" id=\"tj_126\">following the equity method. The </span><span class=\"S2232 SC8 S2\" id=\"tk_126\">components included are: </span><span class=\"S2233 SC4 S2\" id=\"tl_126\">2022 </span><span class=\"S2234 SC4 S2\" id=\"tm_126\">2021 </span><span class=\"S2235 SC5 S2\" id=\"tn_126\">Pro\ufb01t before tax </span><span class=\"S2236 SC5 S2\" id=\"to_126\">4 066 951 </span><span class=\"S2237 SC5 S2\" id=\"tp_126\">3 531 665 </span><span class=\"S2238 SC5 S2\" id=\"tq_126\">Fair value adjustments </span><span class=\"S2239 SC5 S2\" id=\"tr_126\">-1 088 166 </span><span class=\"S223A SC5 S2\" id=\"ts_126\">-1 085 304 </span><span class=\"S223B SC5 S2\" id=\"tt_126\">Fair value adj. incl. in income from AC </span><span class=\"S223C SC5 S2\" id=\"tu_126\">-11 982 </span><span class=\"S223D SC5 S2\" id=\"tv_126\">-6 022 </span><span class=\"S223E SC4 S2\" id=\"tw_126\">Pro\ufb01t before tax and fair value adjustments </span><span class=\"S223F SC4 S2\" id=\"tx_126\">2 966 803 </span><span class=\"S2240 SC4 S2\" id=\"ty_126\">2 440 339 </span><span class=\"S2241 SAF1 S2\" id=\"tz_126\">It is referred to this APM in the Board of Director`s Report. </span><span class=\"S2242 SC7 S2\" id=\"t10_126\">Controlling interests share of annual </span><span class=\"S2243 SC7 S2\" id=\"t11_126\">pro\ufb01t before fair value adjustments </span><span class=\"S2244 SC8 S2\" id=\"t12_126\">Controlling interests (CI`s) share of </span><span class=\"S2245 SC8 S2\" id=\"t13_126\">annual pro\ufb01t (after tax) before fair </span><span class=\"S2246 SC8 S2\" id=\"t14_126\">value adjustments is an APM utilised </span><span class=\"S2247 SC8 S2\" id=\"t15_126\">by the Group. </span><span class=\"S2248 SC8 S2\" id=\"t16_126\">Pursuant to IFRS, </span><span class=\"S2249 SC8 S2\" id=\"t17_126\">biological assets (\ufb01sh in the sea) </span><span class=\"S224A SC8 S2\" id=\"t18_126\">shall be measured at fair value in the </span><span class=\"S224B SC8 S2\" id=\"t19_126\">statement of \ufb01nancial position (IAS </span><span class=\"S224C SC8 S2\" id=\"t1a_126\">41). The APM demonstrates how the </span><span class=\"S224D SC8 S2\" id=\"t1b_126\">share of annual pro\ufb01t after tax to </span><span class=\"S224E SC8 S2\" id=\"t1c_126\">LSG`s shareholders would have been </span><span class=\"S224F SC8 S2\" id=\"t1d_126\">if IAS 41 not had been applied. This </span><span class=\"S2250 SC8 S2\" id=\"t1e_126\">implies that the CI`s proportional </span><span class=\"S2251 SC8 S2\" id=\"t1f_126\">share of FV adjustment on \ufb01sh in sea </span><span class=\"S2252 SC8 S2\" id=\"t1g_126\">are reversed (eliminated). This </span><span class=\"S2253 SC8 S2\" id=\"t1h_126\">includes both the group`s own FV </span><span class=\"SDC4 SC8 S2\" id=\"t1i_126\">adjustment and also the FV </span><span class=\"SDC5 SC8 S2\" id=\"t1j_126\">adjustments included in the income </span><span class=\"SDC6 SC8 S2\" id=\"t1k_126\">from associated companies (AC) also </span><span class=\"S2254 SC8 S2\" id=\"t1l_126\">applying IAS 41, following the equity </span><span class=\"S2255 SC8 S2\" id=\"t1m_126\">method. The components included are: </span><span class=\"S2256 SC4 S2\" id=\"t1n_126\">2022 </span><span class=\"S2257 SC4 S2\" id=\"t1o_126\">2021 </span><span class=\"S2258 SC5 S2\" id=\"t1p_126\">CI`s share of annual pro\ufb01t </span><span class=\"S2259 SC5 S2\" id=\"t1q_126\">2 906 781 </span><span class=\"S225A SC5 S2\" id=\"t1r_126\">2 632 371 </span><span class=\"S225B SC5 S2\" id=\"t1s_126\">CI`s share of fair value adjustments </span><span class=\"S225C SC5 S2\" id=\"t1t_126\">-755 606 </span><span class=\"S225D SC5 S2\" id=\"t1u_126\">-791 688 </span><span class=\"S225E SC5 S2\" id=\"t1v_126\">CI`s share of fair value adj. incl. in income from AC </span><span class=\"S225F SC5 S2\" id=\"t1w_126\">-11 982 </span><span class=\"S2260 SC5 S2\" id=\"t1x_126\">-6 022 </span><span class=\"S2261 SC4 S2\" id=\"t1y_126\">Controlling interests share of annual pro\ufb01t (after tax) before fair value adjustments </span><span class=\"S2262 SC4 S2\" id=\"t1z_126\">2 139 193 </span><span class=\"S2263 SC4 S2\" id=\"t20_126\">1 834 661 </span><span class=\"S2264 SAF1 S2\" id=\"t21_126\">This APM is used in note 19 on earnings per share, for calculation of the key \ufb01gure earnings per share before fair value adjustments. </span><span class=\"S2265 SC7 S2\" id=\"t22_126\">Net-interest-bearing debt (NIBD) </span><span class=\"S2266 SC8 S2\" id=\"t23_126\">NIBD is an APM utilized by the Group. </span><span class=\"S2267 SC8 S2\" id=\"t24_126\">The \ufb01gure shows how much capital </span><span class=\"S2268 SC8 S2\" id=\"t25_126\">the Group employs and is an important </span><span class=\"S2269 SC8 S2\" id=\"t26_126\">key \ufb01gure for stakeholders who are </span><span class=\"S226A SC8 S2\" id=\"t27_126\">planning to grant \ufb01nancing to the </span><span class=\"S226B SC8 S2\" id=\"t28_126\">Group and for stakeholders who </span><span class=\"S226C SC8 S2\" id=\"t29_126\">want to value the company. NIBD is </span><span class=\"S226D SC8 S2\" id=\"t2a_126\">de\ufb01ned as interest-bearing </span><span class=\"S226E SC8 S2\" id=\"t2b_126\">commitments, both short-term and </span><span class=\"S226F SC8 S2\" id=\"t2c_126\">long-term, to persons or institutions </span><span class=\"S2270 SC8 S2\" id=\"t2d_126\">with the main purpose of providing </span><span class=\"S2271 SC8 S2\" id=\"t2e_126\">\ufb01nancing and/or credit, minus interest- </span><span class=\"S2272 SC8 S2\" id=\"t2f_126\">bearing cash or cash equivalents. </span><span class=\"S2273 SC8 S2\" id=\"t2g_126\">\u00a0</span><span class=\"S2274 SC8 S2\" id=\"t2h_126\">Since NIBD is an APM, with no common </span><span class=\"S2275 SC8 S2\" id=\"t2i_126\">de\ufb01nition from IFRS, different </span><span class=\"S2276 SC8 S2\" id=\"t2j_126\">de\ufb01nitions and versions of this APM </span><span class=\"S2277 SC8 S2\" id=\"t2k_126\">exist today in the reporting from the </span><span class=\"S2278 SC8 S2\" id=\"t2l_126\">companies. The most important </span><span class=\"S2279 SC8 S2\" id=\"t2m_126\">difference relates to the recognition </span><span class=\"S227A SC8 S2\" id=\"t2n_126\">of lease liabilities. Some companies </span><span class=\"S227B SC8 S2\" id=\"t2o_126\">include all lease liabilities in NIBD. </span><span class=\"S227C SC8 S2\" id=\"t2p_126\">Other companies exclude all lease </span><span class=\"S227D SC8 S2\" id=\"t2q_126\">liabilities from their NIBD. And some </span><span class=\"S227E SC8 S2\" id=\"t2r_126\">use a combination. Therefore, it is </span><span class=\"S227F SC8 S2\" id=\"t2s_126\">important to be aware of this </span><span class=\"S2280 SC8 S2\" id=\"t2t_126\">difference when comparing between </span><span class=\"S2281 SC8 S2\" id=\"t2u_126\">companies. Ler\u00f8y Seafood Group use </span><span class=\"S2282 SC8 S2\" id=\"t2v_126\">a combination, with an approach </span><span class=\"S2283 SC8 S2\" id=\"t2w_126\">that distinct between lease liabilities </span><span class=\"S2284 SC8 S2\" id=\"t2x_126\">derived from a \ufb01nancing purpose </span><span class=\"S2285 SC8 S2\" id=\"t2y_126\">and lease liabilities that are not. </span><span class=\"S2286 SC8 S2\" id=\"t2z_126\">In practice, this distinction is based on </span><span class=\"S2287 SC8 S2\" id=\"t30_126\">what kind of party the company has </span><span class=\"S2288 SC8 S2\" id=\"t31_126\">made the leasing agreement with. </span><span class=\"S2289 SC8 S2\" id=\"t32_126\">On the date of implementation of </span><span class=\"S228A SC8 S2\" id=\"t33_126\">IFRS 16, the Group`s \ufb01nancial leasing </span><span class=\"S228B SC8 S2\" id=\"t34_126\">liabilities was almost only with credit </span><span class=\"S228C SC8 S2\" id=\"t35_126\">institutions, with the main purpose of </span><span class=\"S228D SC8 S2\" id=\"t36_126\">providing the Group \ufb01nancing. These </span><span class=\"S228E SC8 S2\" id=\"t37_126\">agreements shared the principle that </span><span class=\"S228F SC8 S2\" id=\"t38_126\">the duration of the lease period </span><span class=\"S2290 SC8 S2\" id=\"t39_126\">covered most of the economic lifetime </span><span class=\"S2291 SC8 S2\" id=\"t3a_126\">of the asset involved. When it comes </span><span class=\"S2292 SC8 S2\" id=\"t3b_126\">to the operational leasing liabilities, </span><span class=\"S2293 SC8 S2\" id=\"t3c_126\">these agreements did nearly only </span><span class=\"S2294 SC8 S2\" id=\"t3d_126\">concern rentals for well-boats and </span><span class=\"S2295 SC8 S2\" id=\"t3e_126\">buildings, from shipping companies </span><span class=\"S2296 SC8 S2\" id=\"t3f_126\">and real estate developers, where </span><span class=\"S2297 S18EC S2\" id=\"t3n_126\">NOTE 2 cont. </span><span class=\"S2298 S18EC S2\" id=\"t3o_126\">Alternative performance measures </span><span class=\"S2299 SC8 S2\" id=\"t1_127\">de\ufb01nition of NIBD. </span><span class=\"S229A SC8 S2\" id=\"t2_127\">Lease liabilities to credit institutions </span><span class=\"S229B SC8 S2\" id=\"t3_127\">are included in NIBD and the Group`s </span><span class=\"S229C SC8 S2\" id=\"t4_127\">communication of changes in NIBD, </span><span class=\"S1DC7 SC8 S2\" id=\"t5_127\">while lease liabilities to others than </span><span class=\"S229D SC8 S2\" id=\"t6_127\">credit institutions are not included. </span><span class=\"S229E SC8 S2\" id=\"t7_127\">The corresponding right-of-use assets </span><span class=\"S229F SC8 S2\" id=\"t8_127\">from leases with credit institutions are </span><span class=\"S22A0 SC8 S2\" id=\"t9_127\">included in the Group`s communication </span><span class=\"S22A1 SC8 S2\" id=\"ta_127\">of investments, while right-of-use </span><span class=\"S22A2 SC8 S2\" id=\"tb_127\">assets from leases with others than </span><span class=\"S1DCE SC8 S2\" id=\"tc_127\">credit institutions are not included. </span><span class=\"S22A3 SC8 S2\" id=\"td_127\">Thus, the de\ufb01nition ensures symmetry </span><span class=\"S22A4 SC8 S2\" id=\"te_127\">between what`s reported as the </span><span class=\"S22A5 SC8 S2\" id=\"tf_127\">Group`s investments and the </span><span class=\"S22A6 SC8 S2\" id=\"tg_127\">accompanying information on how </span><span class=\"S22A7 SC8 S2\" id=\"th_127\">this has been \ufb01nanced. The Group`s </span><span class=\"S22A8 SC8 S2\" id=\"ti_127\">NIBD is therefore not impacted from </span><span class=\"S22A9 SC8 S2\" id=\"tj_127\">the type of \ufb01nancing, in terms of loans </span><span class=\"S22AA SC8 S2\" id=\"tk_127\">versus leases. This approach also </span><span class=\"S22AB SC8 S2\" id=\"tl_127\">ensures an NIBD basically unimpacted </span><span class=\"S22AC SC8 S2\" id=\"tm_127\">from the implementation of IFRS 16 in </span><span class=\"S22AD SC8 S2\" id=\"tn_127\">2019. This implies that the Group`s key </span><span class=\"S22AE SC8 S2\" id=\"to_127\">\ufb01nancial \ufb01gures that includes NIBD in </span><span class=\"S22AF SC8 S2\" id=\"tp_127\">the calculation, still are comparable </span><span class=\"S22B0 SC8 S2\" id=\"tq_127\">over time. </span><span class=\"S22B1 SC8 S2\" id=\"tr_127\">\ufb01nancing was not the purpose, and </span><span class=\"S21BD SC8 S2\" id=\"ts_127\">where the rental period was much </span><span class=\"S22B2 SC8 S2\" id=\"tt_127\">shorter than the economic lifetime of </span><span class=\"S22B3 SC8 S2\" id=\"tu_127\">the asset involved. </span><span class=\"S22B4 SC8 S2\" id=\"tv_127\">In the Group`s communication to the </span><span class=\"S22B5 SC8 S2\" id=\"tw_127\">capital market about how much cash </span><span class=\"S22B6 SC8 S2\" id=\"tx_127\">the Group has spent on investments, </span><span class=\"S22B7 SC8 S2\" id=\"ty_127\">and how this is \ufb01nanced, this </span><span class=\"S22B8 SC8 S2\" id=\"tz_127\">distinction is of relevance. Therefore, </span><span class=\"S22B9 SC8 S2\" id=\"t10_127\">this distinction between leases with </span><span class=\"S22BA SC8 S2\" id=\"t11_127\">credit institutions and leases with </span><span class=\"S22BB SC8 S2\" id=\"t12_127\">others than credit institutions is </span><span class=\"S22BC SC8 S2\" id=\"t13_127\">established and included in the Group`s </span><span class=\"S22BD SC4 S2\" id=\"t14_127\">Lease liability consists of </span><span class=\"S22BE SC4 S2\" id=\"t15_127\">31.12.2022 </span><span class=\"S22BF SC4 S2\" id=\"t16_127\">31.12.2021 </span><span class=\"S22C0 SC5 S2\" id=\"t17_127\">Lease liabilities to credit institutions </span><span class=\"S22C1 SC5 S2\" id=\"t18_127\">1 213 715 </span><span class=\"S22C2 SC5 S2\" id=\"t19_127\">1 236 528 </span><span class=\"S22C3 SC5 S2\" id=\"t1a_127\">Lease liabilities to other than credit institutions </span><span class=\"S22C4 SC5 S2\" id=\"t1b_127\">1 542 520 </span><span class=\"S22C5 SC5 S2\" id=\"t1c_127\">1 322 541 </span><span class=\"S22C6 SC4 S2\" id=\"t1d_127\">Total lease liabilities </span><span class=\"S22C7 SC4 S2\" id=\"t1e_127\">2 756 235 </span><span class=\"S22C8 SC4 S2\" id=\"t1f_127\">2 559 069 </span><span class=\"S22C9 SC4 S2\" id=\"t1g_127\">Components included in NIBD </span><span class=\"S22CA SC4 S2\" id=\"t1h_127\">31.12.2022 </span><span class=\"S22CB SC4 S2\" id=\"t1i_127\">31.12.2021 </span><span class=\"S22CC SC5 S2\" id=\"t1j_127\">Bond loans </span><span class=\"S22CD SC5 S2\" id=\"t1k_127\">1 493 656 </span><span class=\"S22CE SC5 S2\" id=\"t1l_127\">1 492 431 </span><span class=\"S22CF SC5 S2\" id=\"t1m_127\">Loans from credit institutions </span><span class=\"S22D0 SC5 S2\" id=\"t1n_127\">3 836 664 </span><span class=\"S22D1 SC5 S2\" id=\"t1o_127\">4 186 882 </span><span class=\"S22D2 SC5 S2\" id=\"t1p_127\">Lease liabilities to credit institutions </span><span class=\"S22D3 SC5 S2\" id=\"t1q_127\">1 213 715 </span><span class=\"S22D4 SC5 S2\" id=\"t1r_127\">1 236 528 </span><span class=\"S22D5 SC5 S2\" id=\"t1s_127\">Other long term loans </span><span class=\"S22D6 SC5 S2\" id=\"t1t_127\">2 145 </span><span class=\"S22D7 SC5 S2\" id=\"t1u_127\">2 402 </span><span class=\"S22D8 SC5 S2\" id=\"t1v_127\">Overdraft and other short term credit </span><span class=\"S22D9 SC5 S2\" id=\"t1w_127\">1 104 780 </span><span class=\"S22DA SC5 S2\" id=\"t1x_127\">582 390 </span><span class=\"S22DB SC5 S2\" id=\"t1y_127\">Bank deposits and cash </span><span class=\"S22DC SC5 S2\" id=\"t1z_127\">-3 304 878 </span><span class=\"S22DD SC5 S2\" id=\"t20_127\">-4 203 146 </span><span class=\"S22DE SC4 S2\" id=\"t21_127\">Net interest bearing debt (NIBD) </span><span class=\"S22DF SC4 S2\" id=\"t22_127\">4 346 083 </span><span class=\"S22E0 SC4 S2\" id=\"t23_127\">3 297 487 </span><span class=\"S22E1 SAF1 S2\" id=\"t24_127\">See note on debt, mortgages and guarantees for an overview of \ufb02ows in the period. </span><span class=\"S22E2 SAF1 S2\" id=\"t25_127\">It is referred to this APM in the Board of Director`s Report, in key \ufb01gures and in the note on loans, mortgages and guarantees. </span><span class=\"S22E3 SC4 S2\" id=\"t26_127\">3 different de\ufb01nitions of NIBD, and LSG`s position within these alternatives </span><span class=\"S22E4 SC4 S2\" id=\"t27_127\">31.12.2022 </span><span class=\"S22E5 SC4 S2\" id=\"t28_127\">31.12.2021 </span><span class=\"S22E6 SC5 S2\" id=\"t29_127\">NIBD including non of the lease liabilities </span><span class=\"S22E7 SC5 S2\" id=\"t2a_127\">3 132 368 </span><span class=\"S22E8 SC5 S2\" id=\"t2b_127\">2 060 959 </span><span class=\"S22E9 SC5 S2\" id=\"t2c_127\">NIBD including lease liabilities to credit institutions </span><span class=\"S22EA SC5 S2\" id=\"t2d_127\">The de\ufb01nition applied in LSG: </span><span class=\"S22EB SC5 S2\" id=\"t2e_127\">4 346 083 </span><span class=\"S22EC SC5 S2\" id=\"t2f_127\">3 297 487 </span><span class=\"S22ED SC5 S2\" id=\"t2g_127\">NIBD including total lease liabilities </span><span class=\"S22EE SC5 S2\" id=\"t2h_127\">5 888 603 </span><span class=\"S22EF SC5 S2\" id=\"t2i_127\">4 620 028 </span><span class=\"S22F0 SC8 S2\" id=\"t2j_127\">When comparing NIBD between </span><span class=\"S22F1 SC8 S2\" id=\"t2k_127\">companies based on annual accounts, </span><span class=\"S22F2 SC8 S2\" id=\"t2l_127\">it is important to be aware that the </span><span class=\"S22F3 SC8 S2\" id=\"t2m_127\">presented NIBD \ufb01gure is dependent </span><span class=\"S22F4 SC8 S2\" id=\"t2n_127\">on if lease liabilities is included, partly </span><span class=\"S22F5 SC8 S2\" id=\"t2o_127\">included, or not included at all. As of </span><span class=\"S22F6 SC8 S2\" id=\"t2p_127\">today there is no uniform de\ufb01nition </span><span class=\"S22F7 SC8 S2\" id=\"t2q_127\">among the reporting entities about </span><span class=\"S22F8 SC8 S2\" id=\"t2r_127\">how this \ufb01gures should be calculated </span><span class=\"S22F9 SC8 S2\" id=\"t2s_127\">and presented. </span><span class=\"S2081 SC8 S2\" id=\"t1_128\">estimated costs are higher than </span><span class=\"S1CE8 SC8 S2\" id=\"t2_128\">expected by a normal enterprise on </span><span class=\"S22FB SC8 S2\" id=\"t3_128\">the market, for example due to long- </span><span class=\"S22FC SC8 S2\" id=\"t4_128\">term agreements previously signed </span><span class=\"S22FD SC8 S2\" id=\"t5_128\">with subcontractors resulting in costs </span><span class=\"S22FE SC8 S2\" id=\"t6_128\">that deviate substantially from the </span><span class=\"S1F60 SC8 S2\" id=\"t7_128\">market price, the cost estimates shall </span><span class=\"S22FF SC8 S2\" id=\"t8_128\">be adjusted to re\ufb02ect the costs </span><span class=\"S2300 SC8 S2\" id=\"t9_128\">expected by a rational enterprise on </span><span class=\"S2301 SC8 S2\" id=\"ta_128\">the market. </span><span class=\"S2302 S1C40 S2\" id=\"tb_128\">(3) Volume </span><span class=\"S2303 SC8 S2\" id=\"tc_128\">Projected harvest volume is </span><span class=\"S2304 SC8 S2\" id=\"td_128\">calculated on the basis of the </span><span class=\"S2305 SC8 S2\" id=\"te_128\">estimated number of \ufb01sh (individuals) </span><span class=\"S1E3C SC8 S2\" id=\"tf_128\">on the balance sheet date minus </span><span class=\"S2306 SC8 S2\" id=\"tg_128\">estimated future mortality, multiplied </span><span class=\"S1CF6 SC8 S2\" id=\"th_128\">by the estimated harvest weight. </span><span class=\"S2307 SC8 S2\" id=\"ti_128\">There is some uncertainty involving </span><span class=\"S208F SC8 S2\" id=\"tj_128\">both the number of \ufb01sh in the sea on </span><span class=\"S1E41 SC8 S2\" id=\"tk_128\">the balance sheet date, remaining </span><span class=\"S2308 SC8 S2\" id=\"tl_128\">mortality and estimated harvest </span><span class=\"S2309 SC8 S2\" id=\"tm_128\">weight. The actual harvest volume </span><span class=\"S230A SC8 S2\" id=\"tn_128\">may therefore differ from the estimated </span><span class=\"S1C1C SC8 S2\" id=\"to_128\">harvest volume either as a result of </span><span class=\"S230B SC8 S2\" id=\"tp_128\">changes in biological developments </span><span class=\"S1CFD SC8 S2\" id=\"tq_128\">or due to special events, such as </span><span class=\"S230C SC8 S2\" id=\"tr_128\">abnormal mortality. The estimate for </span><span class=\"S230D SC8 S2\" id=\"ts_128\">number of \ufb01sh on the balance sheet </span><span class=\"S230E SC8 S2\" id=\"tt_128\">date is based on the number of smolt </span><span class=\"S230F SC8 S2\" id=\"tu_128\">released to sea. The number of smolt </span><span class=\"S2310 SC8 S2\" id=\"tv_128\">is adjusted to take into account </span><span class=\"S2311 SC8 S2\" id=\"tw_128\">uncertainties during counting and </span><span class=\"S2312 SC8 S2\" id=\"tx_128\">actual registered mortality related to </span><span class=\"S2313 SC8 S2\" id=\"ty_128\">release. </span><span class=\"S2314 SC8 S2\" id=\"tz_128\">The normal estimated harvest </span><span class=\"S209D SC8 S2\" id=\"t10_128\">weight (optimal harvest weight) is </span><span class=\"S2315 SC8 S2\" id=\"t11_128\">assessed to be the live weight of \ufb01sh </span><span class=\"S2316 SC8 S2\" id=\"t12_128\">that results in a gutted weight of 4 kg, </span><span class=\"S2317 SC8 S2\" id=\"t13_128\">unless speci\ufb01c conditions exist on the </span><span class=\"S2318 SC8 S2\" id=\"t14_128\">balance sheet date to indicate that </span><span class=\"S20A2 SC8 S2\" id=\"t15_128\">the \ufb01sh have to be harvested before </span><span class=\"S1E50 SC8 S2\" id=\"t16_128\">they reach this weight. If this is the </span><span class=\"S2319 SC8 S2\" id=\"t17_128\">case, the estimated harvest weight is </span><span class=\"S231A SC8 S2\" id=\"t18_128\">adjusted. Projected mortality during </span><span class=\"S231B SC8 S2\" id=\"t19_128\">the period from the balance sheet </span><span class=\"S231C SC8 S2\" id=\"t1a_128\">date to the date when the \ufb01sh reach </span><span class=\"S1D0E SC8 S2\" id=\"t1b_128\">harvest weight is estimated to be </span><span class=\"S231D SC8 S2\" id=\"t1c_128\">0.5% to 2.5% of the number of incoming </span><span class=\"S231E SC8 S2\" id=\"t1d_128\">\ufb01sh per month, depending on species </span><span class=\"S231F SC8 S2\" id=\"t1e_128\">and region. For recalculation factor </span><span class=\"S2320 SC8 S2\" id=\"t1f_128\">from gutted weight to live weight, </span><span class=\"S2321 SC8 S2\" id=\"t1g_128\">see note on biological assets. </span><span class=\"S2322 S21BB S2\" id=\"t1h_128\">(4) Discounting </span><span class=\"S2323 SC8 S2\" id=\"t1i_128\">Every time a \ufb01sh is harvested and </span><span class=\"S1D16 SC8 S2\" id=\"t1j_128\">sold, this generates a positive cash </span><span class=\"S1E5D SC8 S2\" id=\"t1k_128\">\ufb02ow. In order to simplify matters, all </span><span class=\"S2324 SC8 S2\" id=\"t1l_128\">the remaining expenses are allocated </span><span class=\"S2325 SC8 S2\" id=\"t1m_128\">\ufb02uctuations. In order to estimate the </span><span class=\"S2326 SC8 S2\" id=\"t1n_128\">projected price, the forward prices </span><span class=\"S2327 SC8 S2\" id=\"t1o_128\">for superior Norwegian salmon </span><span class=\"S2328 SC8 S2\" id=\"t1p_128\">weighing 3-6 kg gutted weight from </span><span class=\"S2329 SC8 S2\" id=\"t1q_128\">Fish Pool are applied. In the Group\u2019s </span><span class=\"S232A SC8 S2\" id=\"t1r_128\">opinion, the use of observable prices </span><span class=\"S232B SC8 S2\" id=\"t1s_128\">makes price estimates more reliable </span><span class=\"S232C SC8 S2\" id=\"t1t_128\">and comparable. For \ufb01sh ready for </span><span class=\"S232D SC8 S2\" id=\"t1u_128\">harvest, the forward price for the </span><span class=\"S232E SC8 S2\" id=\"t1v_128\">following month is applied. For \ufb01sh </span><span class=\"S232F SC8 S2\" id=\"t1w_128\">not ready for harvest, the forward </span><span class=\"S2330 SC8 S2\" id=\"t1x_128\">price for the month when the \ufb01sh is </span><span class=\"S2331 SC8 S2\" id=\"t1y_128\">expected to achieve optimal weight </span><span class=\"S2332 SC8 S2\" id=\"t1z_128\">for harvest, is applied. If it is probable </span><span class=\"S2333 SC8 S2\" id=\"t20_128\">on the balance sheet date that the \ufb01sh </span><span class=\"S2334 SC8 S2\" id=\"t21_128\">will be harvested before it reaches its </span><span class=\"S2335 SC8 S2\" id=\"t22_128\">optimal harvest weight, for example </span><span class=\"S2336 SC8 S2\" id=\"t23_128\">due to biological challenges, an extra </span><span class=\"S2337 SC8 S2\" id=\"t24_128\">price adjustment is required. Such a </span><span class=\"S2338 SC8 S2\" id=\"t25_128\">price adjustment takes into account </span><span class=\"S2339 SC8 S2\" id=\"t26_128\">the fact that the market price per kilo </span><span class=\"S233A SC8 S2\" id=\"t27_128\">for small \ufb01sh is lower than for normal- </span><span class=\"S1F9B SC8 S2\" id=\"t28_128\">size \ufb01sh. The price is subsequently </span><span class=\"S233B SC8 S2\" id=\"t29_128\">adjusted for exporter margins and </span><span class=\"S233C SC8 S2\" id=\"t2a_128\">clearing costs. This applies to \ufb01sh both </span><span class=\"S233D SC8 S2\" id=\"t2b_128\">ready for harvest and not ready for </span><span class=\"S233E SC8 S2\" id=\"t2c_128\">harvest. Further adjustments are </span><span class=\"S233F SC8 S2\" id=\"t2d_128\">necessary for harvest costs (well boat, </span><span class=\"S2340 SC8 S2\" id=\"t2e_128\">slaughtering and packaging services), </span><span class=\"S1EA8 SC8 S2\" id=\"t2f_128\">transport costs to Oslo and quality </span><span class=\"S2341 SC8 S2\" id=\"t2g_128\">diffeences. Adjustments are also made </span><span class=\"S2342 SC8 S2\" id=\"t2h_128\">for price differences between salmon </span><span class=\"S2343 SC8 S2\" id=\"t2i_128\">and trout, and any other price premium </span><span class=\"S2344 SC8 S2\" id=\"t2j_128\">such as for Ecological produced </span><span class=\"S2345 SC8 S2\" id=\"t2k_128\">salmon or ASC-certi\ufb01ed \ufb01sh. The </span><span class=\"S1D3D SC8 S2\" id=\"t2l_128\">adjustments for exporter margin and </span><span class=\"S2346 SC8 S2\" id=\"t2m_128\">clearing costs are items estimated by </span><span class=\"S2347 SC8 S2\" id=\"t2n_128\">Fish Pool. The adjustment for harvest </span><span class=\"S2348 SC8 S2\" id=\"t2o_128\">costs, transport costs and quality </span><span class=\"S2349 SC8 S2\" id=\"t2p_128\">differences is based on the Group\u2019s </span><span class=\"S234A SC8 S2\" id=\"t2q_128\">historical costs per region and </span><span class=\"S1BF7 SC8 S2\" id=\"t2r_128\">historical quality distribution, while </span><span class=\"S1EB4 SC8 S2\" id=\"t2s_128\">the other adjustments are based on </span><span class=\"S234B SC8 S2\" id=\"t2t_128\">an assessment using historical data </span><span class=\"S234C SC8 S2\" id=\"t2u_128\">and the Group\u2019s view of future market </span><span class=\"S234D SC8 S2\" id=\"t2v_128\">developments. </span><span class=\"S234E S1C40 S2\" id=\"t2w_128\">(2) Cost </span><span class=\"S234F SC8 S2\" id=\"t2x_128\">For \ufb01sh not ready for harvest, an </span><span class=\"S2350 SC8 S2\" id=\"t2y_128\">adjustment is also required for the </span><span class=\"S1FB5 SC8 S2\" id=\"t2z_128\">costs necessary to grow the \ufb01sh to </span><span class=\"S20D6 SC8 S2\" id=\"t30_128\">optimal harvest weight. Estimates </span><span class=\"S2351 SC8 S2\" id=\"t31_128\">related to future costs are based on </span><span class=\"S2352 SC8 S2\" id=\"t32_128\">the Group\u2019s prognoses per locality. </span><span class=\"S2353 SC8 S2\" id=\"t33_128\">There is some uncertainty regarding </span><span class=\"S2354 SC8 S2\" id=\"t34_128\">both future feed prices, other costs </span><span class=\"S2355 SC8 S2\" id=\"t35_128\">and biological development (growth, </span><span class=\"S1C05 SC8 S2\" id=\"t36_128\">feed factor and mortality). If the </span><span class=\"S2356 SC8 S2\" id=\"t37_128\">Estimates and assessments are </span><span class=\"S2357 SC8 S2\" id=\"t38_128\">reviewed continuously and are based </span><span class=\"S2358 SC8 S2\" id=\"t39_128\">on historical experience and other </span><span class=\"S2359 SC8 S2\" id=\"t3a_128\">factors, including expectations of </span><span class=\"S219C SC8 S2\" id=\"t3b_128\">future events that seem probable in </span><span class=\"S235A SC8 S2\" id=\"t3c_128\">view of present circumstances. </span><span class=\"S1FC2 SC8 S2\" id=\"t3d_128\">The Group draws up estimates and </span><span class=\"S235B SC8 S2\" id=\"t3e_128\">makes assumptions regarding future </span><span class=\"S235C SC8 S2\" id=\"t3f_128\">events. The accounting estimates </span><span class=\"S235D SC8 S2\" id=\"t3g_128\">from this process will, by de\ufb01nition, </span><span class=\"S235E SC8 S2\" id=\"t3h_128\">rarely be in exact agreement with </span><span class=\"S235F SC8 S2\" id=\"t3i_128\">the \ufb01nal results. Estimates and </span><span class=\"S2360 SC8 S2\" id=\"t3j_128\">assumptions with a high risk of </span><span class=\"S2361 SC8 S2\" id=\"t3k_128\">signi\ufb01cant changes in capitalised </span><span class=\"S1E6B SC8 S2\" id=\"t3l_128\">values of assets and liabilities during </span><span class=\"S1D61 SC8 S2\" id=\"t3m_128\">the next \ufb01nancial year are discussed </span><span class=\"S2362 SC8 S2\" id=\"t3n_128\">below. </span><span class=\"S2363 SC7 S2\" id=\"t3o_128\">Value adjustment of biological assets </span><span class=\"S1D64 SC8 S2\" id=\"t3p_128\">Biological assets comprise the stock </span><span class=\"S2364 SC8 S2\" id=\"t3q_128\">of roe, fry, juvenile \ufb01sh, cleaner \ufb01sh </span><span class=\"S2365 SC8 S2\" id=\"t3r_128\">and \ufb01sh in sea. Biological assets are </span><span class=\"S1FCF SC8 S2\" id=\"t3s_128\">measured at fair value less costs to </span><span class=\"S2366 SC8 S2\" id=\"t3t_128\">sell. For a more detailed description </span><span class=\"S2367 SC8 S2\" id=\"t3u_128\">of the accounting policies applied, </span><span class=\"S2368 SC8 S2\" id=\"t3v_128\">please refer to the description </span><span class=\"S2369 SC8 S2\" id=\"t3w_128\">provided under accounting policies </span><span class=\"S236A SC8 S2\" id=\"t3x_128\">and in the note on biological assets. </span><span class=\"S236B SC8 S2\" id=\"t3y_128\">Valuation is based on a number of </span><span class=\"S236C SC8 S2\" id=\"t3z_128\">different premises, many of which </span><span class=\"S236D SC8 S2\" id=\"t40_128\">are non-observable. The premises </span><span class=\"S236E SC8 S2\" id=\"t41_128\">can be categorised in four different </span><span class=\"S1D72 SC8 S2\" id=\"t42_128\">groups: (1) Price, (2) Cost, (3) Volume </span><span class=\"S236F SC8 S2\" id=\"t43_128\">and (4) Discount rate. Figures for the </span><span class=\"S2370 SC8 S2\" id=\"t44_128\">important premises are specifed in </span><span class=\"S2371 SC8 S2\" id=\"t45_128\">the note on biological assets. </span><span class=\"S1D77 SC8 S2\" id=\"t46_128\">For \ufb01sh ready for harvest on the </span><span class=\"S2372 SC8 S2\" id=\"t47_128\">balance sheet date, uncertainty </span><span class=\"S2373 SC8 S2\" id=\"t48_128\">mainly involves realised prices and </span><span class=\"S2374 SC8 S2\" id=\"t49_128\">volume. For \ufb01sh not ready for harvest, </span><span class=\"S2375 SC8 S2\" id=\"t4a_128\">the level of uncertainty is higher. In </span><span class=\"S2376 SC8 S2\" id=\"t4b_128\">addition to uncertainty related to </span><span class=\"S2377 SC8 S2\" id=\"t4c_128\">price and volume, there will also be </span><span class=\"S2378 SC8 S2\" id=\"t4d_128\">uncertainty related to remaining </span><span class=\"S2379 SC8 S2\" id=\"t4e_128\">production costs, remaining biological </span><span class=\"S1E87 SC8 S2\" id=\"t4f_128\">transformation and remaining </span><span class=\"S237A SC8 S2\" id=\"t4g_128\">mortality up to harvest date for </span><span class=\"S237B SC8 S2\" id=\"t4h_128\">this \ufb01sh. </span><span class=\"S237C S1C40 S2\" id=\"t4i_128\">(1) Price </span><span class=\"S237D SC8 S2\" id=\"t4j_128\">One important premise in the valuation </span><span class=\"S1FEA SC8 S2\" id=\"t4k_128\">of \ufb01sh both ready for harvest and not </span><span class=\"S237E SC8 S2\" id=\"t4l_128\">yet ready for harvest is the projected </span><span class=\"S237F SC8 S2\" id=\"t4m_128\">market price. This is also the premise </span><span class=\"S2380 SC8 S2\" id=\"t4n_128\">that historically shows the highest </span><span class=\"S2381 S18EC S2\" id=\"t4v_128\">NOTE 3 </span><span class=\"S2298 S18EC S2\" id=\"t4w_128\">Signi\ufb01cant accounting estimates and assessments </span><span class=\"S1F22 SC8 S2\" id=\"t1_129\">price the future expected margin is an </span><span class=\"S2382 SC8 S2\" id=\"t2_129\">important parameter. The margin is </span><span class=\"S2383 SC8 S2\" id=\"t3_129\">calculated as the difference between </span><span class=\"S2384 SC8 S2\" id=\"t4_129\">price and cost in future periods. Thus, </span><span class=\"S2385 SC8 S2\" id=\"t5_129\">the forward price on salmon together </span><span class=\"S22A8 SC8 S2\" id=\"t6_129\">with expectations regarding future </span><span class=\"S2386 SC8 S2\" id=\"t7_129\">cost level have a signi\ufb01cant impact </span><span class=\"S2387 SC8 S2\" id=\"t8_129\">on the future expected margin. The </span><span class=\"S2388 SC8 S2\" id=\"t9_129\">higher the expectations to the future </span><span class=\"S2389 SC8 S2\" id=\"ta_129\">margins are, the higher a hypothetical </span><span class=\"S238A SC8 S2\" id=\"tb_129\">license lease price will be. This is </span><span class=\"S238B SC8 S2\" id=\"tc_129\">explained with the fact that higher </span><span class=\"S238C SC8 S2\" id=\"td_129\">margins will increase the fair value </span><span class=\"S238D SC8 S2\" id=\"te_129\">on the licenses. If the expectations to </span><span class=\"S238E SC8 S2\" id=\"tf_129\">the margins drops, this will over time </span><span class=\"S238F SC8 S2\" id=\"tg_129\">lead to lower hypothetical lease rent, </span><span class=\"S2390 SC8 S2\" id=\"th_129\">and fair value on the licenses. </span><span class=\"S2391 SC8 S2\" id=\"ti_129\">How the change in the expectations </span><span class=\"S21F0 SC8 S2\" id=\"tj_129\">regarding future margins occurs, has </span><span class=\"S2392 SC8 S2\" id=\"tk_129\">also signi\ufb01cance. </span><span class=\"S2393 SC8 S2\" id=\"tl_129\">It is assumed that an </span><span class=\"S2394 SC8 S2\" id=\"tm_129\">unexpected lower (higher) price at date </span><span class=\"S1F37 SC8 S2\" id=\"tn_129\">for measurement will not lead to a </span><span class=\"S2395 SC8 S2\" id=\"to_129\">simultaneously reduction (increase) </span><span class=\"S2396 SC8 S2\" id=\"tp_129\">in hypothetical license lease price for </span><span class=\"S211B SC8 S2\" id=\"tq_129\">\ufb01sh in sea, but instead a step by step </span><span class=\"S2397 SC8 S2\" id=\"tr_129\">reduction (increase) in future lease </span><span class=\"S2398 SC8 S2\" id=\"ts_129\">price for new smolt releases. This is </span><span class=\"S2399 SC8 S2\" id=\"tt_129\">explained with the fact that it must </span><span class=\"S239A SC8 S2\" id=\"tu_129\">be assumed that the lease price for </span><span class=\"S1CCB SC8 S2\" id=\"tv_129\">the \ufb01sh in sea is already negotiated </span><span class=\"S1F40 SC8 S2\" id=\"tw_129\">for the period until harvest. When it </span><span class=\"S239B SC8 S2\" id=\"tx_129\">comes to the production costs it is </span><span class=\"S239C SC8 S2\" id=\"ty_129\">assumed that changes in expected </span><span class=\"S239D SC8 S2\" id=\"tz_129\">future cost level will not impact the </span><span class=\"S239E SC8 S2\" id=\"t10_129\">value of the biological assets directly, </span><span class=\"S239F SC8 S2\" id=\"t11_129\">but indirectly as a consequence of </span><span class=\"S1F46 SC8 S2\" id=\"t12_129\">the fact that the future hypothetical </span><span class=\"S23A0 SC8 S2\" id=\"t13_129\">license lease price will be based on </span><span class=\"S23A1 SC8 S2\" id=\"t14_129\">expectations on future margins. </span><span class=\"S23A2 SC7 S2\" id=\"t15_129\">Sensitivity analysis on fair value of </span><span class=\"S23A3 SC7 S2\" id=\"t16_129\">\ufb01sh in sea </span><span class=\"S23A4 SC8 S2\" id=\"t17_129\">The Group considers that four </span><span class=\"S23A5 SC8 S2\" id=\"t18_129\">components are key for valuation. </span><span class=\"S1DB6 SC8 S2\" id=\"t19_129\">These are: </span><span class=\"S23A6 SC8 S2\" id=\"t1a_129\">(1) weighted average price, </span><span class=\"S23A7 SC8 S2\" id=\"t1b_129\">(2) projected optimal harvest weight, </span><span class=\"S23A8 SC8 S2\" id=\"t1c_129\">(3) monthly discount rate and </span><span class=\"S23A9 SC8 S2\" id=\"t1d_129\">(4) estimated number of \ufb01sh. </span><span class=\"S1DBB SC8 S2\" id=\"t1e_129\">The tables on the next page show a </span><span class=\"S1DBC SC8 S2\" id=\"t1f_129\">simulated sensitivity to changes in </span><span class=\"S23AA SC8 S2\" id=\"t1g_129\">fair value of the biological assets in </span><span class=\"S201D SC8 S2\" id=\"t1h_129\">the event of changes in these </span><span class=\"S23AB SC8 S2\" id=\"t1i_129\">parameters: </span><span class=\"S23AC SC8 S2\" id=\"t1j_129\">allocate a suf\ufb01cient share of the </span><span class=\"S23AD SC8 S2\" id=\"t1k_129\">returns to the buyer\u2019s own licenses or </span><span class=\"S23AE SC8 S2\" id=\"t1l_129\">to cover the lease costs for leased </span><span class=\"S23AF SC8 S2\" id=\"t1m_129\">licenses. It is dif\ufb01cult to create a model </span><span class=\"S23B0 SC8 S2\" id=\"t1n_129\">that would allow a hypothetical </span><span class=\"S2024 SC8 S2\" id=\"t1o_129\">annual lease cost to be derived from </span><span class=\"S23B1 SC8 S2\" id=\"t1p_129\">prices for sold licenses, as the curve </span><span class=\"S23B2 SC8 S2\" id=\"t1q_129\">in the model would be based on </span><span class=\"S23B3 SC8 S2\" id=\"t1r_129\">projections of future pro\ufb01t </span><span class=\"S23B4 SC8 S2\" id=\"t1s_129\">performance in the industry. </span><span class=\"S23B5 SC8 S2\" id=\"t1t_129\">Moreover, it is a complex process to </span><span class=\"S1C83 SC8 S2\" id=\"t1u_129\">derive a lease price per shorter unit </span><span class=\"S23B6 SC8 S2\" id=\"t1v_129\">of time and, in the last instance, per </span><span class=\"S23B7 SC8 S2\" id=\"t1w_129\">volume, when the license limitations </span><span class=\"S23B8 SC8 S2\" id=\"t1x_129\">are measured at different levels </span><span class=\"S202C SC8 S2\" id=\"t1y_129\">(location, region and company). </span><span class=\"S23B9 S2197 S2\" id=\"t1z_129\">4.3 Time value </span><span class=\"S23BA SC8 S2\" id=\"t20_129\">Finally, a discount must be made for </span><span class=\"S23BB SC8 S2\" id=\"t21_129\">the time value of the tied-up capital </span><span class=\"S23BC SC8 S2\" id=\"t22_129\">linked to the share of the present value </span><span class=\"S23BD SC8 S2\" id=\"t23_129\">of the cash \ufb02ow allocated to the </span><span class=\"S23BE SC8 S2\" id=\"t24_129\">biomass. It has to be assumed that a </span><span class=\"S1DD9 SC8 S2\" id=\"t25_129\">hypothetical buyer would claim </span><span class=\"S23BF SC8 S2\" id=\"t26_129\">compensation for the alternative cost </span><span class=\"S23C0 SC8 S2\" id=\"t27_129\">of investing funds in live \ufb01sh rather </span><span class=\"S23C1 SC8 S2\" id=\"t28_129\">than some other type of investment. </span><span class=\"S23C2 SC8 S2\" id=\"t29_129\">The production cycle for salmon in the </span><span class=\"S23C3 SC8 S2\" id=\"t2a_129\">sea currently takes up to 18 months. </span><span class=\"S203A SC8 S2\" id=\"t2b_129\">The cash \ufb02ow will therefore extend </span><span class=\"S1C95 SC8 S2\" id=\"t2c_129\">over a similar period. Assuming a </span><span class=\"S23C4 SC8 S2\" id=\"t2d_129\">constant sales price throughout the </span><span class=\"S23C5 SC8 S2\" id=\"t2e_129\">period, the cash \ufb02ow would decrease </span><span class=\"S1C98 SC8 S2\" id=\"t2f_129\">for each month, as costs are incurred </span><span class=\"S23C6 SC8 S2\" id=\"t2g_129\">to farm the \ufb01sh to slaughter weight. </span><span class=\"S23C7 SC8 S2\" id=\"t2h_129\">The costs increase for every month </span><span class=\"S23C8 SC8 S2\" id=\"t2i_129\">the \ufb01sh are in the sea. As such, the </span><span class=\"S2156 SC8 S2\" id=\"t2j_129\">effect of deferred cash \ufb02ow is lower </span><span class=\"S23C9 SC8 S2\" id=\"t2k_129\">than would be the case if the cash \ufb02ow </span><span class=\"S23CA SC8 S2\" id=\"t2l_129\">had been constant. This component </span><span class=\"S23CB SC8 S2\" id=\"t2m_129\">is however deemed important due to </span><span class=\"S2044 SC8 S2\" id=\"t2n_129\">the major values the stock of \ufb01sh </span><span class=\"S23CC SC8 S2\" id=\"t2o_129\">represents. </span><span class=\"S23CD S2197 S2\" id=\"t2p_129\">4.4. Evaluation of discount rate </span><span class=\"S23CE SC8 S2\" id=\"t2q_129\">At year end 2022 a 4% monthly </span><span class=\"S23CF SC8 S2\" id=\"t2r_129\">discount rate has been applied. The </span><span class=\"S23D0 SC8 S2\" id=\"t2s_129\">discount rate previous year was also </span><span class=\"S23D1 SC8 S2\" id=\"t2t_129\">4%. In the sensitivity analysis below, it </span><span class=\"S23D2 SC8 S2\" id=\"t2u_129\">is demonstrated how a change in </span><span class=\"S204A SC8 S2\" id=\"t2v_129\">discount rate would impact the value </span><span class=\"S1F1B SC8 S2\" id=\"t2w_129\">on \ufb01sh in sea. The change is a result </span><span class=\"S23D3 SC8 S2\" id=\"t2x_129\">from a periodic review. </span><span class=\"S23D4 SC8 S2\" id=\"t2y_129\">As mentioned above, the hypothetical </span><span class=\"S23D5 SC8 S2\" id=\"t2z_129\">license lease is one of the main </span><span class=\"S1CAE SC8 S2\" id=\"t30_129\">elements when setting the discount </span><span class=\"S23D6 SC8 S2\" id=\"t31_129\">rate. In the hypothetical license lease </span><span class=\"S23D7 SC8 S2\" id=\"t32_129\">to the same period as the income, so </span><span class=\"S23D8 SC8 S2\" id=\"t33_129\">there is only one cash \ufb02ow per locality. </span><span class=\"S23D9 SC8 S2\" id=\"t34_129\">The cash \ufb02ow is allocated to the month </span><span class=\"S23DA SC8 S2\" id=\"t35_129\">when harvest is estimated to take </span><span class=\"S23DB SC8 S2\" id=\"t36_129\">place. The sum of the cash \ufb02ows from </span><span class=\"S1DFD SC8 S2\" id=\"t37_129\">all the localities where the Group has </span><span class=\"S1DFE SC8 S2\" id=\"t38_129\">\ufb01sh in the sea will then be distributed </span><span class=\"S23DC SC8 S2\" id=\"t39_129\">over the entire period of time it takes </span><span class=\"S23DD SC8 S2\" id=\"t3a_129\">to farm the \ufb01sh in the sea on the </span><span class=\"S23DE SC8 S2\" id=\"t3b_129\">balance sheet date. With the current </span><span class=\"S23DF SC8 S2\" id=\"t3c_129\">size of the smolt released and the </span><span class=\"S23E0 SC8 S2\" id=\"t3d_129\">frequency of the smolt releases, this </span><span class=\"S23E1 SC8 S2\" id=\"t3e_129\">period of time may be up to 18 months. </span><span class=\"S23E2 SC8 S2\" id=\"t3f_129\">The estimated future cash \ufb02ow is </span><span class=\"S205D SC8 S2\" id=\"t3g_129\">discounted monthly. The level of </span><span class=\"S23E3 SC8 S2\" id=\"t3h_129\">discount rate applied has a major </span><span class=\"S23E4 SC8 S2\" id=\"t3i_129\">impact on the estimate of fair value. </span><span class=\"S23E5 SC8 S2\" id=\"t3j_129\">The discount rate shall take into </span><span class=\"S23E6 SC8 S2\" id=\"t3k_129\">account a number of factors. The </span><span class=\"S23E7 SC8 S2\" id=\"t3l_129\">discount factor comprises three main </span><span class=\"S23E8 SC8 S2\" id=\"t3m_129\">elements: (1) Risk adjustment, (2) </span><span class=\"S23E9 SC8 S2\" id=\"t3n_129\">License lease and (3) Time value. </span><span class=\"S23EA S2197 S2\" id=\"t3o_129\">4.1. Risk adjustment </span><span class=\"S23EB SC8 S2\" id=\"t3p_129\">The risk adjustment shall re\ufb02ect the </span><span class=\"S23EC SC8 S2\" id=\"t3q_129\">price discount a hypothetical buyer </span><span class=\"S23ED SC8 S2\" id=\"t3r_129\">would demand as compensation for </span><span class=\"S23EE SC8 S2\" id=\"t3s_129\">the risk assumed by investing in live </span><span class=\"S23EF SC8 S2\" id=\"t3t_129\">\ufb01sh rather than a different investment. </span><span class=\"S1E13 SC8 S2\" id=\"t3u_129\">The longer it takes to reach harvest </span><span class=\"S1C5C SC8 S2\" id=\"t3v_129\">date, the higher the risk that </span><span class=\"S1EDD SC8 S2\" id=\"t3w_129\">something may occur to affect cash </span><span class=\"S1C5E SC8 S2\" id=\"t3x_129\">\ufb02ow. Three signi\ufb01cant factors could </span><span class=\"S23F0 SC8 S2\" id=\"t3y_129\">have an impact on cash \ufb02ow. Volume </span><span class=\"S23F1 SC8 S2\" id=\"t3z_129\">could change, costs could change and </span><span class=\"S23F2 SC8 S2\" id=\"t40_129\">prices could change. The one thing all </span><span class=\"S23F3 SC8 S2\" id=\"t41_129\">three factors have in common is that </span><span class=\"S23F4 SC8 S2\" id=\"t42_129\">the sample space is unsymmetrical. </span><span class=\"S23F5 S2197 S2\" id=\"t43_129\">4.2. Hypothetical license lease </span><span class=\"S23F6 SC8 S2\" id=\"t44_129\">Salmon and trout farming is not a </span><span class=\"S23F7 SC8 S2\" id=\"t45_129\">market with free competition and no </span><span class=\"S23F8 SC8 S2\" id=\"t46_129\">barriers to entry. Due to limited </span><span class=\"S23F9 SC8 S2\" id=\"t47_129\">access to licenses for farming \ufb01sh for </span><span class=\"S23FA SC8 S2\" id=\"t48_129\">consumers, such licenses currently have </span><span class=\"S1EE7 SC8 S2\" id=\"t49_129\">a very high value. For a hypothetical </span><span class=\"S23FB SC8 S2\" id=\"t4a_129\">buyer of live \ufb01sh to take over and </span><span class=\"S23FC SC8 S2\" id=\"t4b_129\">continue to farm the \ufb01sh, he/she would </span><span class=\"S2191 SC8 S2\" id=\"t4c_129\">need a license, locality and other </span><span class=\"S23FD SC8 S2\" id=\"t4d_129\">permits required for such production. </span><span class=\"S23FE SC8 S2\" id=\"t4e_129\">At the time of writing, leasing of </span><span class=\"S23FF SC8 S2\" id=\"t4f_129\">licenses is not permitted. However, </span><span class=\"S2400 SC8 S2\" id=\"t4g_129\">on a hypothetical market for the </span><span class=\"S207D SC8 S2\" id=\"t4h_129\">purchase and sale of live \ufb01sh, it has </span><span class=\"S2401 SC8 S2\" id=\"t4i_129\">to be assumed that this would be </span><span class=\"S2402 SC8 S2\" id=\"t4j_129\">possible. In such a scenario, a </span><span class=\"S2403 SC8 S2\" id=\"t4k_129\">hypothetical buyer would claim a </span><span class=\"S2404 SC8 S2\" id=\"t4l_129\">signi\ufb01cant discount in order to </span><span class=\"S2405 SC8 S2\" id=\"t1_130\">weight, the table shows changes in </span><span class=\"S2406 SC8 S2\" id=\"t2_130\">fair value when there is an increase </span><span class=\"S2407 SC8 S2\" id=\"t3_130\">in projected harvest weight of 250 </span><span class=\"S2408 SC8 S2\" id=\"t4_130\">and 500 grams respectively, and for </span><span class=\"S2409 SC8 S2\" id=\"t5_130\">a corresponding reduction, without </span><span class=\"S240A SC8 S2\" id=\"t6_130\">any change in remaining cost. For </span><span class=\"S240B SC8 S2\" id=\"t7_130\">price, the change is per NOK gutted </span><span class=\"S240C SC8 S2\" id=\"t8_130\">weight after adjustment for </span><span class=\"S240D SC8 S2\" id=\"t9_130\">slaughtering cost, packaging cost, </span><span class=\"S240E SC8 S2\" id=\"ta_130\">transport cost to Oslo, quality, size </span><span class=\"S240F SC8 S2\" id=\"tb_130\">and exporter margin. </span><span class=\"S2410 SC8 S2\" id=\"tc_130\">The table shows changes in estimated </span><span class=\"S2411 SC8 S2\" id=\"td_130\">fair value (present value) before </span><span class=\"S2412 SC8 S2\" id=\"te_130\">provision for loss-making contracts </span><span class=\"S2413 SC8 S2\" id=\"tf_130\">for the parameters price per kg and </span><span class=\"S2414 SC8 S2\" id=\"tg_130\">projected harvest weight per kg </span><span class=\"S2415 SC8 S2\" id=\"th_130\">gutted weight. For projected harvest </span><span class=\"S2416 S249F S2\" id=\"ti_130\">Sensitivity analysis for weighted average price and expected optimal harvest weight </span><span class=\"S2417 SC4 S2\" id=\"tj_130\">Projected optimal harvest weight per \ufb01sh in kg gwe </span><span class=\"S2418 SC4 S2\" id=\"tk_130\">3.5 </span><span class=\"S2419 SC4 S2\" id=\"tl_130\">3.8 </span><span class=\"S241A SC4 S2\" id=\"tm_130\">4.0 </span><span class=\"S241B SC4 S2\" id=\"tn_130\">4.3 </span><span class=\"S241C SC4 S2\" id=\"to_130\">4.5 </span><span class=\"S241D SC4 S2\" id=\"tp_130\">Change in projected weight per kg gwe </span><span class=\"S241E SC4 S2\" id=\"tq_130\">-0.50 </span><span class=\"S241F SC4 S2\" id=\"tr_130\">-0.25 </span><span class=\"S2420 SC4 S2\" id=\"ts_130\">- </span><span class=\"S2421 SC4 S2\" id=\"tt_130\">0.25 </span><span class=\"S2422 SC4 S2\" id=\"tu_130\">0.50 </span><span class=\"S2423 SC4 S2\" id=\"tv_130\">69.4 </span><span class=\"S2424 SC4 S2\" id=\"tw_130\">-5.00 </span><span class=\"S2425 SC5 S2\" id=\"tx_130\">5 455 416 </span><span class=\"S2426 SC5 S2\" id=\"ty_130\">5 939 146 </span><span class=\"S2427 SC5 S2\" id=\"tz_130\">6 450 019 </span><span class=\"S2428 SC5 S2\" id=\"t10_130\">6 965 505 </span><span class=\"S2429 SC5 S2\" id=\"t11_130\">7 480 991 </span><span class=\"S242A SC4 S2\" id=\"t12_130\">72.4 </span><span class=\"S242B SC4 S2\" id=\"t13_130\">-2.00 </span><span class=\"S242C SC5 S2\" id=\"t14_130\">5 827 081 </span><span class=\"S242D SC5 S2\" id=\"t15_130\">6 331 788 </span><span class=\"S242E SC5 S2\" id=\"t16_130\">6 864 660 </span><span class=\"S242F SC5 S2\" id=\"t17_130\">7 402 330 </span><span class=\"S2430 SC5 S2\" id=\"t18_130\">7 940 000 </span><span class=\"S2431 SC4 S2\" id=\"t19_130\">73.4 </span><span class=\"S2432 SC4 S2\" id=\"t1a_130\">-1.00 </span><span class=\"S2433 SC5 S2\" id=\"t1b_130\">5 950 970 </span><span class=\"S2434 SC5 S2\" id=\"t1c_130\">6 462 669 </span><span class=\"S2435 SC5 S2\" id=\"t1d_130\">7 002 873 </span><span class=\"S2436 SC5 S2\" id=\"t1e_130\">7 547 938 </span><span class=\"S2437 SC5 S2\" id=\"t1f_130\">8 093 002 </span><span class=\"S2438 SC4 S2\" id=\"t1g_130\">74.4 </span><span class=\"S2439 SC4 S2\" id=\"t1h_130\">- </span><span class=\"S243A SC5 S2\" id=\"t1i_130\">6 074 858 </span><span class=\"S243B SC5 S2\" id=\"t1j_130\">6 593 549 </span><span class=\"S243C SC4 S2\" id=\"t1k_130\">7 141 087 </span><span class=\"S243D SC5 S2\" id=\"t1l_130\">7 693 546 </span><span class=\"S243E SC5 S2\" id=\"t1m_130\">8 246 005 </span><span class=\"S243F SC4 S2\" id=\"t1n_130\">75.4 </span><span class=\"S2440 SC4 S2\" id=\"t1o_130\">1.00 </span><span class=\"S2441 SC5 S2\" id=\"t1p_130\">6 198 746 </span><span class=\"S2442 SC5 S2\" id=\"t1q_130\">6 724 430 </span><span class=\"S2443 SC5 S2\" id=\"t1r_130\">7 279 301 </span><span class=\"S2444 SC5 S2\" id=\"t1s_130\">7 839 154 </span><span class=\"S2445 SC5 S2\" id=\"t1t_130\">8 399 008 </span><span class=\"S2446 SC4 S2\" id=\"t1u_130\">76.4 </span><span class=\"S2447 SC4 S2\" id=\"t1v_130\">2.00 </span><span class=\"S2448 SC5 S2\" id=\"t1w_130\">6 322 635 </span><span class=\"S2449 SC5 S2\" id=\"t1x_130\">6 855 311 </span><span class=\"S244A SC5 S2\" id=\"t1y_130\">7 417 514 </span><span class=\"S244B SC5 S2\" id=\"t1z_130\">7 984 762 </span><span class=\"S244C SC5 S2\" id=\"t20_130\">8 552 011 </span><span class=\"S244D SC4 S2\" id=\"t21_130\">79.4 </span><span class=\"S244E SC4 S2\" id=\"t22_130\">5.00 </span><span class=\"S244F SC5 S2\" id=\"t23_130\">6 694 300 </span><span class=\"S2450 SC5 S2\" id=\"t24_130\">7 247 953 </span><span class=\"S2451 SC5 S2\" id=\"t25_130\">7 832 155 </span><span class=\"S2452 SC5 S2\" id=\"t26_130\">8 421 587 </span><span class=\"S2453 SC5 S2\" id=\"t27_130\">9 011 019 </span><span class=\"S2454 S249F S2\" id=\"t28_130\">Sensitivity analysis for weighted average price and monthly discount rate applied </span><span class=\"S2455 SC4 S2\" id=\"t29_130\">Monthly discount rate (%) </span><span class=\"S2456 SC4 S2\" id=\"t2a_130\">2.0 % </span><span class=\"S2457 SC4 S2\" id=\"t2b_130\">3.0 % </span><span class=\"S2458 SC4 S2\" id=\"t2c_130\">4.0 % </span><span class=\"S2459 SC4 S2\" id=\"t2d_130\">5.0 % </span><span class=\"S245A SC4 S2\" id=\"t2e_130\">6.0 % </span><span class=\"S245B SC4 S2\" id=\"t2f_130\">Change in monthly discount rate (%) </span><span class=\"S245C SC4 S2\" id=\"t2g_130\">-2.0 % </span><span class=\"S245D SC4 S2\" id=\"t2h_130\">-1.0 % </span><span class=\"S245E SC4 S2\" id=\"t2i_130\">0.0 % </span><span class=\"S245F SC4 S2\" id=\"t2j_130\">1.0 % </span><span class=\"S2460 SC4 S2\" id=\"t2k_130\">2.0 % </span><span class=\"S2461 SC4 S2\" id=\"t2l_130\">69.4 </span><span class=\"S2462 SC4 S2\" id=\"t2m_130\">-5.00 </span><span class=\"S2463 SC5 S2\" id=\"t2n_130\">7 540 374 </span><span class=\"S2464 SC5 S2\" id=\"t2o_130\">6 964 823 </span><span class=\"S2465 SC5 S2\" id=\"t2p_130\">6 450 019 </span><span class=\"S2466 SC5 S2\" id=\"t2q_130\">5 988 219 </span><span class=\"S2467 SC5 S2\" id=\"t2r_130\">5 572 802 </span><span class=\"S2468 SC4 S2\" id=\"t2s_130\">72.4 </span><span class=\"S2469 SC4 S2\" id=\"t2t_130\">-2.00 </span><span class=\"S246A SC5 S2\" id=\"t2u_130\">8 037 503 </span><span class=\"S246B SC5 S2\" id=\"t2v_130\">7 418 214 </span><span class=\"S246C SC5 S2\" id=\"t2w_130\">6 864 660 </span><span class=\"S246D SC5 S2\" id=\"t2x_130\">6 368 431 </span><span class=\"S246E SC5 S2\" id=\"t2y_130\">5 922 342 </span><span class=\"S246F SC4 S2\" id=\"t2z_130\">73.4 </span><span class=\"S2470 SC4 S2\" id=\"t30_130\">-1.00 </span><span class=\"S2471 SC5 S2\" id=\"t31_130\">8 203 213 </span><span class=\"S2472 SC5 S2\" id=\"t32_130\">7 569 344 </span><span class=\"S2473 SC5 S2\" id=\"t33_130\">7 002 873 </span><span class=\"S2474 SC5 S2\" id=\"t34_130\">6 495 169 </span><span class=\"S2475 SC5 S2\" id=\"t35_130\">6 038 855 </span><span class=\"S2476 SC4 S2\" id=\"t36_130\">74.4 </span><span class=\"S2477 SC4 S2\" id=\"t37_130\">- </span><span class=\"S2478 SC5 S2\" id=\"t38_130\">8 368 922 </span><span class=\"S2479 SC5 S2\" id=\"t39_130\">7 720 475 </span><span class=\"S247A SC4 S2\" id=\"t3a_130\">7 141 087 </span><span class=\"S247B SC5 S2\" id=\"t3b_130\">6 621 906 </span><span class=\"S247C SC5 S2\" id=\"t3c_130\">6 155 368 </span><span class=\"S247D SC4 S2\" id=\"t3d_130\">75.4 </span><span class=\"S247E SC4 S2\" id=\"t3e_130\">1.00 </span><span class=\"S247F SC5 S2\" id=\"t3f_130\">8 534 632 </span><span class=\"S2480 SC5 S2\" id=\"t3g_130\">7 871 605 </span><span class=\"S2481 SC5 S2\" id=\"t3h_130\">7 279 301 </span><span class=\"S2482 SC5 S2\" id=\"t3i_130\">6 748 644 </span><span class=\"S2483 SC5 S2\" id=\"t3j_130\">6 271 881 </span><span class=\"S2484 SC4 S2\" id=\"t3k_130\">76.4 </span><span class=\"S2485 SC4 S2\" id=\"t3l_130\">2.00 </span><span class=\"S2486 SC5 S2\" id=\"t3m_130\">8 700 342 </span><span class=\"S2487 SC5 S2\" id=\"t3n_130\">8 022 736 </span><span class=\"S2488 SC5 S2\" id=\"t3o_130\">7 417 514 </span><span class=\"S2489 SC5 S2\" id=\"t3p_130\">6 875 381 </span><span class=\"S248A SC5 S2\" id=\"t3q_130\">6 388 395 </span><span class=\"S248B SC4 S2\" id=\"t3r_130\">79.4 </span><span class=\"S248C SC4 S2\" id=\"t3s_130\">5.00 </span><span class=\"S248D SC5 S2\" id=\"t3t_130\">9 197 470 </span><span class=\"S248E SC5 S2\" id=\"t3u_130\">8 476 127 </span><span class=\"S248F SC5 S2\" id=\"t3v_130\">7 832 155 </span><span class=\"S2490 SC5 S2\" id=\"t3w_130\">7 255 594 </span><span class=\"S2491 SC5 S2\" id=\"t3x_130\">6 737 935 </span><span class=\"S2492 SC5 S170F S2\" id=\"t3y_130\">Average price per kg (NOK) </span><span class=\"S2493 SC5 S170F S2\" id=\"t3z_130\">Average price per kg (NOK) </span><span class=\"S2494 SC5 S170F S2\" id=\"t40_130\">Change in price per kg (NOK) </span><span class=\"S2495 SC5 S170F S2\" id=\"t41_130\">Change in price per kg (NOK) </span><span class=\"S2496 SC8 S2\" id=\"t42_130\">The table shows changes in </span><span class=\"S2497 SC8 S2\" id=\"t43_130\">estimated fair value (present value) </span><span class=\"S2498 SC8 S2\" id=\"t44_130\">before provision for loss-making </span><span class=\"S2499 SC8 S2\" id=\"t45_130\">contracts for the parameters price </span><span class=\"S249A SC8 S2\" id=\"t46_130\">per kg and monthly discount rate. For </span><span class=\"S249B SC8 S2\" id=\"t47_130\">the monthly discount rate, the table </span><span class=\"S249C SC8 S2\" id=\"t48_130\">simulates an absolute change of +/- </span><span class=\"S249D SC8 S2\" id=\"t49_130\">1% and +/- 2% (100 and 200 points) </span><span class=\"S249E SC8 S2\" id=\"t4a_130\">respectively. </span><span class=\"S24A0 SC8 S2\" id=\"t1_131\">respectively. For the number of \ufb01sh in </span><span class=\"S24A1 SC8 S2\" id=\"t2_131\">stock, the table simulates a change </span><span class=\"S24A2 SC8 S2\" id=\"t3_131\">of +/- 1%, 2% and 5% in the number of </span><span class=\"S1F3 SC8 S2\" id=\"t4_131\">\ufb01sh per locality for all localities with </span><span class=\"S24A3 SC8 S2\" id=\"t5_131\">\ufb01sh in stock. </span><span class=\"S24A4 SC8 S2\" id=\"t6_131\">The table shows changes in </span><span class=\"S24A5 SC8 S2\" id=\"t7_131\">estimated fair value (present value) </span><span class=\"S24A6 SC8 S2\" id=\"t8_131\">before provision for loss-making </span><span class=\"SF2A SC8 S2\" id=\"t9_131\">contracts for the parameters </span><span class=\"S24A7 SC8 S2\" id=\"ta_131\">monthly discount rate and estimated </span><span class=\"S24A8 SC8 S2\" id=\"tb_131\">number of \ufb01sh in stock on the date of </span><span class=\"S24A9 SC8 S2\" id=\"tc_131\">the statement of \ufb01nancial position. </span><span class=\"S24AA SC8 S2\" id=\"td_131\">For the monthly discount rate, the </span><span class=\"SE2E SC8 S2\" id=\"te_131\">table simulates an absolute change </span><span class=\"S24AB SC8 S2\" id=\"tf_131\">of +/- 1% and 2% (100 and 200 points) </span><span class=\"S24AC S249F S2\" id=\"tg_131\">Sensitivity analysis for number of \ufb01sh in stock and monthly discount rate applied </span><span class=\"S24AD SC4 S2\" id=\"th_131\">Monthly discount rate (%) </span><span class=\"S24AE SC4 S2\" id=\"ti_131\">2.0 % </span><span class=\"S24AF SC4 S2\" id=\"tj_131\">3.0 % </span><span class=\"S24B0 SC4 S2\" id=\"tk_131\">4.0 % </span><span class=\"S24B1 SC4 S2\" id=\"tl_131\">5.0 % </span><span class=\"S24B2 SC4 S2\" id=\"tm_131\">6.0 % </span><span class=\"S24B3 SC4 S2\" id=\"tn_131\">Change in monthly discount rate (%) </span><span class=\"S24B4 SC4 S2\" id=\"to_131\">-2.0 % </span><span class=\"S24B5 SC4 S2\" id=\"tp_131\">-1.0 % </span><span class=\"S24B6 SC4 S2\" id=\"tq_131\">0.0 % </span><span class=\"S24B7 SC4 S2\" id=\"tr_131\">1.0 % </span><span class=\"S24B8 SC4 S2\" id=\"ts_131\">2.0 % </span><span class=\"S24B9 SC4 S2\" id=\"tt_131\">51.3 </span><span class=\"S24BA SC4 S2\" id=\"tu_131\">-5 % </span><span class=\"S24BB SC5 S2\" id=\"tv_131\">7 751 456 </span><span class=\"S24BC SC5 S2\" id=\"tw_131\">7 156 572 </span><span class=\"S24BD SC5 S2\" id=\"tx_131\">6 624 629 </span><span class=\"S24BE SC5 S2\" id=\"ty_131\">6 147 597 </span><span class=\"S24BF SC5 S2\" id=\"tz_131\">5 718 609 </span><span class=\"S24C0 SC4 S2\" id=\"t10_131\">52.9 </span><span class=\"S24C1 SC4 S2\" id=\"t11_131\">-2 % </span><span class=\"S24C2 SC5 S2\" id=\"t12_131\">8 121 936 </span><span class=\"S24C3 SC5 S2\" id=\"t13_131\">7 494 914 </span><span class=\"S24C4 SC5 S2\" id=\"t14_131\">6 934 504 </span><span class=\"S24C5 SC5 S2\" id=\"t15_131\">6 432 183 </span><span class=\"S24C6 SC5 S2\" id=\"t16_131\">5 980 664 </span><span class=\"S24C7 SC4 S2\" id=\"t17_131\">53.4 </span><span class=\"S24C8 SC4 S2\" id=\"t18_131\">-1 % </span><span class=\"S24C9 SC5 S2\" id=\"t19_131\">8 245 429 </span><span class=\"S24CA SC5 S2\" id=\"t1a_131\">7 607 694 </span><span class=\"S24CB SC5 S2\" id=\"t1b_131\">7 037 796 </span><span class=\"S24CC SC5 S2\" id=\"t1c_131\">6 527 045 </span><span class=\"S24CD SC5 S2\" id=\"t1d_131\">6 068 016 </span><span class=\"S24CE SC4 S2\" id=\"t1e_131\">54.0 </span><span class=\"S24CF SC4 S2\" id=\"t1f_131\">- </span><span class=\"S24D0 SC5 S2\" id=\"t1g_131\">8 368 922 </span><span class=\"S24D1 SC5 S2\" id=\"t1h_131\">7 720 475 </span><span class=\"S24D2 SC4 S2\" id=\"t1i_131\">7 141 087 </span><span class=\"S24D3 SC5 S2\" id=\"t1j_131\">6 621 906 </span><span class=\"S24D4 SC5 S2\" id=\"t1k_131\">6 155 368 </span><span class=\"S24D5 SC4 S2\" id=\"t1l_131\">54.5 </span><span class=\"S24D6 SC4 S2\" id=\"t1m_131\">1 % </span><span class=\"S24D7 SC5 S2\" id=\"t1n_131\">8 492 416 </span><span class=\"S24D8 SC5 S2\" id=\"t1o_131\">7 833 256 </span><span class=\"S24D9 SC5 S2\" id=\"t1p_131\">7 244 379 </span><span class=\"S24DA SC5 S2\" id=\"t1q_131\">6 716 768 </span><span class=\"S24DB SC5 S2\" id=\"t1r_131\">6 242 720 </span><span class=\"S24DC SC4 S2\" id=\"t1s_131\">55.0 </span><span class=\"S24DD SC4 S2\" id=\"t1t_131\">2 % </span><span class=\"S24DE SC5 S2\" id=\"t1u_131\">8 615 909 </span><span class=\"S24DF SC5 S2\" id=\"t1v_131\">7 946 036 </span><span class=\"S24E0 SC5 S2\" id=\"t1w_131\">7 347 670 </span><span class=\"S24E1 SC5 S2\" id=\"t1x_131\">6 811 630 </span><span class=\"S24E2 SC5 S2\" id=\"t1y_131\">6 330 072 </span><span class=\"S24E3 SC4 S2\" id=\"t1z_131\">56.6 </span><span class=\"S24E4 SC4 S2\" id=\"t20_131\">5 % </span><span class=\"S24E5 SC5 S2\" id=\"t21_131\">8 986 389 </span><span class=\"S24E6 SC5 S2\" id=\"t22_131\">8 284 378 </span><span class=\"S24E7 SC5 S2\" id=\"t23_131\">7 657 545 </span><span class=\"S24E8 SC5 S2\" id=\"t24_131\">7 096 215 </span><span class=\"S24E9 SC5 S2\" id=\"t25_131\">6 592 128 </span><span class=\"S24EA SC5 S170F S2\" id=\"t26_131\">Number of \ufb01sh in stock (in millions) </span><span class=\"S24EB SC5 S170F S2\" id=\"t27_131\">Change in number of \ufb01sh </span><span class=\"S24EC S249F S2\" id=\"t28_131\">Sensitivity analysis for weighted average price and number of \ufb01sh in stock </span><span class=\"S24ED SC4 S2\" id=\"t29_131\">Number of \ufb01sh in stock (million \ufb01sh) </span><span class=\"S24EE SC4 S2\" id=\"t2a_131\">50.6 </span><span class=\"S24EF SC4 S2\" id=\"t2b_131\">52.2 </span><span class=\"S24F0 SC4 S2\" id=\"t2c_131\">53.3 </span><span class=\"S24F1 SC4 S2\" id=\"t2d_131\">54.3 </span><span class=\"S24F2 SC4 S2\" id=\"t2e_131\">55.9 </span><span class=\"S24F3 SC4 S2\" id=\"t2f_131\">Change in number of \ufb01sh in stock </span><span class=\"S24F4 SC4 S2\" id=\"t2g_131\">-5 % </span><span class=\"S24F5 SC4 S2\" id=\"t2h_131\">-2 % </span><span class=\"S24F6 SC4 S2\" id=\"t2i_131\">0 % </span><span class=\"S24F7 SC4 S2\" id=\"t2j_131\">2 % </span><span class=\"S24F8 SC4 S2\" id=\"t2k_131\">5 % </span><span class=\"S24F9 SC4 S2\" id=\"t2l_131\">69.4 </span><span class=\"S24FA SC4 S2\" id=\"t2m_131\">-5.00 </span><span class=\"S24FB SC5 S2\" id=\"t2n_131\">5 968 115 </span><span class=\"S24FC SC5 S2\" id=\"t2o_131\">6 257 257 </span><span class=\"S24FD SC5 S2\" id=\"t2p_131\">6 450 019 </span><span class=\"S24FE SC5 S2\" id=\"t2q_131\">6 642 780 </span><span class=\"S24FF SC5 S2\" id=\"t2r_131\">6 931 923 </span><span class=\"S2500 SC4 S2\" id=\"t2s_131\">72.4 </span><span class=\"S2501 SC4 S2\" id=\"t2t_131\">-2.00 </span><span class=\"S2502 SC5 S2\" id=\"t2u_131\">6 362 024 </span><span class=\"S2503 SC5 S2\" id=\"t2v_131\">6 663 605 </span><span class=\"S2504 SC5 S2\" id=\"t2w_131\">6 864 660 </span><span class=\"S2505 SC5 S2\" id=\"t2x_131\">7 065 714 </span><span class=\"S2506 SC5 S2\" id=\"t2y_131\">7 367 296 </span><span class=\"S2507 SC4 S2\" id=\"t2z_131\">73.4 </span><span class=\"S2508 SC4 S2\" id=\"t30_131\">-1.00 </span><span class=\"S2509 SC5 S2\" id=\"t31_131\">6 493 326 </span><span class=\"S250A SC5 S2\" id=\"t32_131\">6 799 055 </span><span class=\"S250B SC5 S2\" id=\"t33_131\">7 002 873 </span><span class=\"S250C SC5 S2\" id=\"t34_131\">7 206 692 </span><span class=\"S250D SC5 S2\" id=\"t35_131\">7 512 420 </span><span class=\"S250E SC4 S2\" id=\"t36_131\">74.4 </span><span class=\"S250F SC4 S2\" id=\"t37_131\">- </span><span class=\"S2510 SC5 S2\" id=\"t38_131\">6 624 629 </span><span class=\"S2511 SC5 S2\" id=\"t39_131\">6 934 504 </span><span class=\"S2512 SC4 S2\" id=\"t3a_131\">7 141 087 </span><span class=\"S2513 SC5 S2\" id=\"t3b_131\">7 347 670 </span><span class=\"S2514 SC5 S2\" id=\"t3c_131\">7 657 545 </span><span class=\"S2515 SC4 S2\" id=\"t3d_131\">75.4 </span><span class=\"S2516 SC4 S2\" id=\"t3e_131\">1.00 </span><span class=\"S2517 SC5 S2\" id=\"t3f_131\">6 755 932 </span><span class=\"S2518 SC5 S2\" id=\"t3g_131\">7 069 953 </span><span class=\"S2519 SC5 S2\" id=\"t3h_131\">7 279 301 </span><span class=\"S251A SC5 S2\" id=\"t3i_131\">7 488 648 </span><span class=\"S251B SC5 S2\" id=\"t3j_131\">7 802 669 </span><span class=\"S251C SC4 S2\" id=\"t3k_131\">76.4 </span><span class=\"S251D SC4 S2\" id=\"t3l_131\">2.00 </span><span class=\"S251E SC5 S2\" id=\"t3m_131\">6 887 235 </span><span class=\"S251F SC5 S2\" id=\"t3n_131\">7 205 403 </span><span class=\"S2520 SC5 S2\" id=\"t3o_131\">7 417 514 </span><span class=\"S2521 SC5 S2\" id=\"t3p_131\">7 629 626 </span><span class=\"S2522 SC5 S2\" id=\"t3q_131\">7 947 793 </span><span class=\"S2523 SC4 S2\" id=\"t3r_131\">79.4 </span><span class=\"S2524 SC4 S2\" id=\"t3s_131\">5.00 </span><span class=\"S2525 SC5 S2\" id=\"t3t_131\">7 281 144 </span><span class=\"S2526 SC5 S2\" id=\"t3u_131\">7 611 751 </span><span class=\"S2527 SC5 S2\" id=\"t3v_131\">7 832 155 </span><span class=\"S2528 SC5 S2\" id=\"t3w_131\">8 052 560 </span><span class=\"S2529 SC5 S2\" id=\"t3x_131\">8 383 166 </span><span class=\"S252A SC5 S170F S2\" id=\"t3y_131\">Average price per kg (NOK) </span><span class=\"S252B SC5 S170F S2\" id=\"t3z_131\">Change in price per kg (NOK) </span><span class=\"S252C SC8 S2\" id=\"t40_131\">The table shows changes in estimated </span><span class=\"S252D SC8 S2\" id=\"t41_131\">fair value (present value) before </span><span class=\"S252E SC8 S2\" id=\"t42_131\">provision for loss-making contracts </span><span class=\"S252F SC8 S2\" id=\"t43_131\">for the parameters price per kg and </span><span class=\"S2530 SC8 S2\" id=\"t44_131\">estimated number of \ufb01sh in stock on </span><span class=\"S2531 SC8 S2\" id=\"t45_131\">the balance sheet date. For the </span><span class=\"S2532 SC8 S2\" id=\"t46_131\">number of \ufb01sh in stock, the table </span><span class=\"S2533 SC8 S2\" id=\"t47_131\">simulates a change of +/- 2% and +/- </span><span class=\"S2534 SC8 S2\" id=\"t48_131\">5% in the number of \ufb01sh per locality </span><span class=\"S2535 SC8 S2\" id=\"t49_131\">for all localities with \ufb01sh in stock. </span><span class=\"S2536 S108 S2\" id=\"t1_132\">The list below shows which </span><span class=\"S2537 S108 S2\" id=\"t2_132\">companies are included in the </span><span class=\"S2538 S108 S2\" id=\"t3_132\">consolidated \ufb01nancial statements, </span><span class=\"S2539 S108 S2\" id=\"t4_132\">and how these are allocated to </span><span class=\"S253A S108 S2\" id=\"t5_132\">business area and operating </span><span class=\"S253B S108 S2\" id=\"t6_132\">segment. It also shows changes in </span><span class=\"S253C S108 S2\" id=\"t7_132\">ownership through the year. </span><span class=\"S253D S108 S2\" id=\"t8_132\">Reference is made to the note on </span><span class=\"S253E S108 S2\" id=\"t9_132\">subsidiaries in Ler\u00f8y Seafood Group </span><span class=\"S253F S108 S2\" id=\"ta_132\">ASA\u2019s \ufb01nancial statements for more </span><span class=\"S2540 S108 S2\" id=\"tb_132\">detailed information, including book </span><span class=\"S2541 S108 S2\" id=\"tc_132\">values. </span><span class=\"S2542 SC4 S2\" id=\"td_132\">Company </span><span class=\"S2543 SC4 S2\" id=\"te_132\">Ownership </span><span class=\"S2544 SC4 S2\" id=\"tf_132\">Country </span><span class=\"S2545 SC4 S2\" id=\"tg_132\">Registered </span><span class=\"S2546 SC4 S2\" id=\"th_132\">business </span><span class=\"S2547 SC4 S2\" id=\"ti_132\">premises </span><span class=\"S2548 SC4 S2\" id=\"tj_132\">Year of </span><span class=\"S2549 SC4 S2\" id=\"tk_132\">acquisition </span><span class=\"S254A SC4 S2\" id=\"tl_132\">Share </span><span class=\"S254B SC4 S2\" id=\"tm_132\">01.01 </span><span class=\"S254C SC4 S2\" id=\"tn_132\">Share </span><span class=\"S254D SC4 S2\" id=\"to_132\">31.12 </span><span class=\"S254E SC4 S2\" id=\"tp_132\">Wild catch </span><span class=\"S254F SC5 S2\" id=\"tq_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2550 SC5 S2\" id=\"tr_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2551 SC5 S2\" id=\"ts_132\">Norway </span><span class=\"S2552 SC5 S2\" id=\"tt_132\">\u00c5lesund </span><span class=\"S2553 SC5 S2\" id=\"tu_132\">2016 </span><span class=\"S2554 SC5 S2\" id=\"tv_132\">100 % </span><span class=\"S2555 SC5 S2\" id=\"tw_132\">100 % </span><span class=\"S2556 SC5 S2\" id=\"tx_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2557 SC5 S2\" id=\"ty_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2558 SC5 S2\" id=\"tz_132\">Norway </span><span class=\"S2559 SC5 S2\" id=\"t10_132\">B\u00e5tsfjord </span><span class=\"S255A SC5 S2\" id=\"t11_132\">2016 </span><span class=\"S255B SC5 S2\" id=\"t12_132\">100 % </span><span class=\"S255C SC5 S2\" id=\"t13_132\">100 % </span><span class=\"S255D SC5 S2\" id=\"t14_132\">Melbu Fryselager AS </span><span class=\"S255E SC5 S2\" id=\"t15_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S255F SC5 S2\" id=\"t16_132\">Norway </span><span class=\"S2560 SC5 S2\" id=\"t17_132\">Hadsel </span><span class=\"S2561 SC5 S2\" id=\"t18_132\">2016 </span><span class=\"S2562 SC5 S2\" id=\"t19_132\">100 % </span><span class=\"S2563 SC5 S2\" id=\"t1a_132\">100 % </span><span class=\"S2564 SC5 S2\" id=\"t1b_132\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S2565 SC5 S2\" id=\"t1c_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2566 SC5 S2\" id=\"t1d_132\">Norway </span><span class=\"S2567 SC5 S2\" id=\"t1e_132\">Hasvik </span><span class=\"S2568 SC5 S2\" id=\"t1f_132\">2016 </span><span class=\"S2569 SC5 S2\" id=\"t1g_132\">51 % </span><span class=\"S256A SC5 S2\" id=\"t1h_132\">51 % </span><span class=\"S256B SC5 S2\" id=\"t1i_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S256C SC5 S2\" id=\"t1j_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S256D SC5 S2\" id=\"t1k_132\">Norway </span><span class=\"S256E SC5 S2\" id=\"t1l_132\">Hammerfest </span><span class=\"S256F SC5 S2\" id=\"t1m_132\">2016 </span><span class=\"S2570 SC5 S2\" id=\"t1n_132\">100 % </span><span class=\"S2571 SC5 S2\" id=\"t1o_132\">100 % </span><span class=\"S2572 SC5 S2\" id=\"t1p_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2573 SC5 S2\" id=\"t1q_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2574 SC5 S2\" id=\"t1r_132\">Norway </span><span class=\"S2575 SC5 S2\" id=\"t1s_132\">Hadsel </span><span class=\"S2576 SC5 S2\" id=\"t1t_132\">2016 </span><span class=\"S2577 SC5 S2\" id=\"t1u_132\">100 % </span><span class=\"S2578 SC5 S2\" id=\"t1v_132\">100 % </span><span class=\"S2579 SC5 S2\" id=\"t1w_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S257A SC5 S2\" id=\"t1x_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S257B SC5 S2\" id=\"t1y_132\">Norway </span><span class=\"S257C SC5 S2\" id=\"t1z_132\">Vestv\u00e5g\u00f8y </span><span class=\"S257D SC5 S2\" id=\"t20_132\">2016 </span><span class=\"S257E SC5 S2\" id=\"t21_132\">100 % </span><span class=\"S257F SC5 S2\" id=\"t22_132\">100 % </span><span class=\"S2580 SC5 S2\" id=\"t23_132\">Nordland Hav\ufb01ske AS </span><span class=\"S2581 SC5 S2\" id=\"t24_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S2582 SC5 S2\" id=\"t25_132\">Norway </span><span class=\"S2583 SC5 S2\" id=\"t26_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2584 SC5 S2\" id=\"t27_132\">2016 </span><span class=\"S2585 SC5 S2\" id=\"t28_132\">53 % </span><span class=\"S2586 SC5 S2\" id=\"t29_132\">53 % </span><span class=\"S2587 SC5 S2\" id=\"t2a_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2588 SC5 S2\" id=\"t2b_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S2589 SC5 S2\" id=\"t2c_132\">Norway </span><span class=\"S258A SC5 S2\" id=\"t2d_132\">Hammerfest </span><span class=\"S258B SC5 S2\" id=\"t2e_132\">2016 </span><span class=\"S258C SC5 S2\" id=\"t2f_132\">6 % </span><span class=\"S258D SC5 S2\" id=\"t2g_132\">6 % </span><span class=\"S258E SC5 S2\" id=\"t2h_132\">Nordland Hav\ufb01ske AS </span><span class=\"S258F SC5 S2\" id=\"t2i_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2590 SC5 S2\" id=\"t2j_132\">Norway </span><span class=\"S2591 SC5 S2\" id=\"t2k_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2592 SC5 S2\" id=\"t2l_132\">2016 </span><span class=\"S2593 SC5 S2\" id=\"t2m_132\">47 % </span><span class=\"S2594 SC5 S2\" id=\"t2n_132\">47 % </span><span class=\"S2595 SC5 S2\" id=\"t2o_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2596 SC5 S2\" id=\"t2p_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S2597 SC5 S2\" id=\"t2q_132\">Norway </span><span class=\"S2598 SC5 S2\" id=\"t2r_132\">Hammerfest </span><span class=\"S2599 SC5 S2\" id=\"t2s_132\">2016 </span><span class=\"S259A SC5 S2\" id=\"t2t_132\">78 % </span><span class=\"S259B SC5 S2\" id=\"t2u_132\">78 % </span><span class=\"S259C SC5 S2\" id=\"t2v_132\">Hammerfest Industri\ufb01ske AS </span><span class=\"S259D SC5 S2\" id=\"t2w_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S259E SC5 S2\" id=\"t2x_132\">Norway </span><span class=\"S259F SC5 S2\" id=\"t2y_132\">Hammerfest </span><span class=\"S25A0 SC5 S2\" id=\"t2z_132\">2016 </span><span class=\"S25A1 SC5 S2\" id=\"t30_132\">60 % </span><span class=\"S25A2 SC5 S2\" id=\"t31_132\">60 % </span><span class=\"S25A3 SC5 S2\" id=\"t32_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25A4 SC5 S2\" id=\"t33_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25A5 SC5 S2\" id=\"t34_132\">Norway </span><span class=\"S25A6 SC5 S2\" id=\"t35_132\">B\u00e5tsfjord </span><span class=\"S25A7 SC5 S2\" id=\"t36_132\">2016 </span><span class=\"S25A8 SC5 S2\" id=\"t37_132\">100 % </span><span class=\"S25A9 SC5 S2\" id=\"t38_132\">100 % </span><span class=\"S25AA SC5 S2\" id=\"t39_132\">Hav\ufb01sk Management AS </span><span class=\"S25AB SC5 S2\" id=\"t3a_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25AC SC5 S2\" id=\"t3b_132\">Norway </span><span class=\"S25AD SC5 S2\" id=\"t3c_132\">Hammerfest </span><span class=\"S25AE SC5 S2\" id=\"t3d_132\">2016 </span><span class=\"S25AF SC5 S2\" id=\"t3e_132\">100 % </span><span class=\"S25B0 SC5 S2\" id=\"t3f_132\">100 % </span><span class=\"S25B1 SC5 S2\" id=\"t3g_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S25B2 SC5 S2\" id=\"t3h_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25B3 SC5 S2\" id=\"t3i_132\">Norway </span><span class=\"S25B4 SC5 S2\" id=\"t3j_132\">Lebesby </span><span class=\"S25B5 SC5 S2\" id=\"t3k_132\">2016 </span><span class=\"S25B6 SC5 S2\" id=\"t3l_132\">100 % </span><span class=\"S25B7 SC5 S2\" id=\"t3m_132\">100 % </span><span class=\"S25B8 SC5 S2\" id=\"t3n_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S25B9 SC5 S2\" id=\"t3o_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25BA SC5 S2\" id=\"t3p_132\">Norway </span><span class=\"S25BB SC5 S2\" id=\"t3q_132\">Hammerfest </span><span class=\"S25BC SC5 S2\" id=\"t3r_132\">2016 </span><span class=\"S25BD SC5 S2\" id=\"t3s_132\">13 % </span><span class=\"S25BE SC5 S2\" id=\"t3t_132\">13 % </span><span class=\"S25BF SC4 S2\" id=\"t3u_132\">Farming </span><span class=\"S25C0 SC5 S2\" id=\"t3v_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C1 SC5 S2\" id=\"t3w_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25C2 SC5 S2\" id=\"t3x_132\">Norway </span><span class=\"S25C3 SC5 S2\" id=\"t3y_132\">Troms\u00f8 </span><span class=\"S25C4 SC5 S2\" id=\"t3z_132\">2005 </span><span class=\"S25C5 SC5 S2\" id=\"t40_132\">100 % </span><span class=\"S25C6 SC5 S2\" id=\"t41_132\">100 % </span><span class=\"S25C7 SC5 S2\" id=\"t42_132\">Ler\u00f8y Aurora 2 AS </span><span class=\"S25C8 SC5 S2\" id=\"t43_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C9 SC5 S2\" id=\"t44_132\">Norway </span><span class=\"S25CA SC5 S2\" id=\"t45_132\">Troms\u00f8 </span><span class=\"S25CB SC5 S2\" id=\"t46_132\">2022 </span><span class=\"S25CC SC5 S2\" id=\"t47_132\">0 % </span><span class=\"S25CD SC5 S2\" id=\"t48_132\">100 % </span><span class=\"S25CE S269C S2\" id=\"t49_132\">3) </span><span class=\"S25CF SC5 S2\" id=\"t4a_132\">Ler\u00f8y Midt AS </span><span class=\"S25D0 SC5 S2\" id=\"t4b_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25D1 SC5 S2\" id=\"t4c_132\">Norway </span><span class=\"S25D2 SC5 S2\" id=\"t4d_132\">Hitra </span><span class=\"S25D3 SC5 S2\" id=\"t4e_132\">2003 </span><span class=\"S25D4 SC5 S2\" id=\"t4f_132\">100 % </span><span class=\"S25D5 SC5 S2\" id=\"t4g_132\">100 % </span><span class=\"S25D6 SC5 S2\" id=\"t4h_132\">Ler\u00f8y Midt 2 AS </span><span class=\"S25D7 SC5 S2\" id=\"t4i_132\">Ler\u00f8y Midt AS </span><span class=\"S25D8 SC5 S2\" id=\"t4j_132\">Norway </span><span class=\"S25D9 SC5 S2\" id=\"t4k_132\">Hitra </span><span class=\"S25DA SC5 S2\" id=\"t4l_132\">2022 </span><span class=\"S25DB SC5 S2\" id=\"t4m_132\">0 % </span><span class=\"S25DC SC5 S2\" id=\"t4n_132\">100 % </span><span class=\"S25DD S269C S2\" id=\"t4o_132\">3) </span><span class=\"S25DE SC5 S2\" id=\"t4p_132\">Ler\u00f8y Vest AS </span><span class=\"S25DF SC5 S2\" id=\"t4q_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25E0 SC5 S2\" id=\"t4r_132\">Norway </span><span class=\"S25E1 SC5 S2\" id=\"t4s_132\">Austevoll </span><span class=\"S25E2 SC5 S2\" id=\"t4t_132\">2007 </span><span class=\"S25E3 SC5 S2\" id=\"t4u_132\">100 % </span><span class=\"S25E4 SC5 S2\" id=\"t4v_132\">100 % </span><span class=\"S25E5 SC5 S2\" id=\"t4w_132\">Ler\u00f8y Vest 2 AS </span><span class=\"S25E6 SC5 S2\" id=\"t4x_132\">Ler\u00f8y Vest AS </span><span class=\"S25E7 SC5 S2\" id=\"t4y_132\">Norway </span><span class=\"S25E8 SC5 S2\" id=\"t4z_132\">Austevoll </span><span class=\"S25E9 SC5 S2\" id=\"t50_132\">2022 </span><span class=\"S25EA SC5 S2\" id=\"t51_132\">0 % </span><span class=\"S25EB SC5 S2\" id=\"t52_132\">100 % </span><span class=\"S25EC S269C S2\" id=\"t53_132\">3) </span><span class=\"S25ED SC5 S2\" id=\"t54_132\">Ler\u00f8y Vest Kraft AS </span><span class=\"S25EE SC5 S2\" id=\"t55_132\">Ler\u00f8y Vest AS </span><span class=\"S25EF SC5 S2\" id=\"t56_132\">Norway </span><span class=\"S25F0 SC5 S2\" id=\"t57_132\">Austevoll </span><span class=\"S25F1 SC5 S2\" id=\"t58_132\">2022 </span><span class=\"S25F2 SC5 S2\" id=\"t59_132\">0 % </span><span class=\"S25F3 SC5 S2\" id=\"t5a_132\">100 % </span><span class=\"S25F4 S269C S2\" id=\"t5b_132\">5) </span><span class=\"S25F5 SC5 S2\" id=\"t5c_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25F6 SC5 S2\" id=\"t5d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25F7 SC5 S2\" id=\"t5e_132\">Norway </span><span class=\"S25F8 SC5 S2\" id=\"t5f_132\">Austevoll </span><span class=\"S25F9 SC5 S2\" id=\"t5g_132\">2010 </span><span class=\"S25FA SC5 S2\" id=\"t5h_132\">51 % </span><span class=\"S25FB SC5 S2\" id=\"t5i_132\">51 % </span><span class=\"S25FC SC5 S2\" id=\"t5j_132\">Sj\u00f8troll Havbruk 2 AS </span><span class=\"S25FD SC5 S2\" id=\"t5k_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25FE SC5 S2\" id=\"t5l_132\">Norway </span><span class=\"S25FF SC5 S2\" id=\"t5m_132\">Austevoll </span><span class=\"S2600 SC5 S2\" id=\"t5n_132\">2022 </span><span class=\"S2601 SC5 S2\" id=\"t5o_132\">0 % </span><span class=\"S2602 SC5 S2\" id=\"t5p_132\">100 % </span><span class=\"S2603 S269C S2\" id=\"t5q_132\">3) </span><span class=\"S2604 SC5 S2\" id=\"t5r_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S2605 SC5 S2\" id=\"t5s_132\">Ler\u00f8y Vest AS </span><span class=\"S2606 SC5 S2\" id=\"t5t_132\">Norway </span><span class=\"S2607 SC5 S2\" id=\"t5u_132\">Austevoll </span><span class=\"S2608 SC5 S2\" id=\"t5v_132\">2017 </span><span class=\"S2609 SC5 S2\" id=\"t5w_132\">50 % </span><span class=\"S260A SC5 S2\" id=\"t5x_132\">50 % </span><span class=\"S260B SC5 S2\" id=\"t5y_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S260C SC5 S2\" id=\"t5z_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S260D SC5 S2\" id=\"t60_132\">Norway </span><span class=\"S260E SC5 S2\" id=\"t61_132\">Austevoll </span><span class=\"S260F SC5 S2\" id=\"t62_132\">2017 </span><span class=\"S2610 SC5 S2\" id=\"t63_132\">50 % </span><span class=\"S2611 SC5 S2\" id=\"t64_132\">50 % </span><span class=\"S2612 SC5 S2\" id=\"t65_132\">Norsk Oppdrettsservice AS </span><span class=\"S2613 SC5 S2\" id=\"t66_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2614 SC5 S2\" id=\"t67_132\">Norway </span><span class=\"S2615 SC5 S2\" id=\"t68_132\">Flekkefjord </span><span class=\"S2616 SC5 S2\" id=\"t69_132\">2015 </span><span class=\"S2617 SC5 S2\" id=\"t6a_132\">51 % </span><span class=\"S2618 SC5 S2\" id=\"t6b_132\">51 % </span><span class=\"S2619 SC5 S2\" id=\"t6c_132\">Ler\u00f8y Ocean Harvest AS </span><span class=\"S261A SC5 S2\" id=\"t6d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S261B SC5 S2\" id=\"t6e_132\">Norway </span><span class=\"S261C SC5 S2\" id=\"t6f_132\">Bergen </span><span class=\"S261D SC5 S2\" id=\"t6g_132\">2018 </span><span class=\"S261E SC5 S2\" id=\"t6h_132\">100 % </span><span class=\"S261F SC5 S2\" id=\"t6i_132\">100 % </span><span class=\"S2620 SC5 S2\" id=\"t6j_132\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2621 SC5 S2\" id=\"t6k_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2622 SC5 S2\" id=\"t6l_132\">Norway </span><span class=\"S2623 SC5 S2\" id=\"t6m_132\">Bergen </span><span class=\"S2624 SC5 S2\" id=\"t6n_132\">2021 </span><span class=\"S2625 SC5 S2\" id=\"t6o_132\">100 % </span><span class=\"S2626 SC5 S2\" id=\"t6p_132\">100 % </span><span class=\"S2627 SC4 S2\" id=\"t6q_132\">Value-added processing (VAP), sales and distribution </span><span class=\"S2628 SC5 S2\" id=\"t6r_132\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2629 SC5 S2\" id=\"t6s_132\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S262A SC5 S2\" id=\"t6t_132\">Denmark </span><span class=\"S262B SC5 S2\" id=\"t6u_132\">Hj\u00f8rring </span><span class=\"S262C SC5 S2\" id=\"t6v_132\">2021 </span><span class=\"S262D SC5 S2\" id=\"t6w_132\">100 % </span><span class=\"S262E SC5 S2\" id=\"t6x_132\">100 % </span><span class=\"S262F SC5 S2\" id=\"t6y_132\">Drag\u00f8y Grossist AS </span><span class=\"S2630 SC5 S2\" id=\"t6z_132\">Ler\u00f8y Nord AS </span><span class=\"S2631 SC5 S2\" id=\"t70_132\">Norway </span><span class=\"S2632 SC5 S2\" id=\"t71_132\">Troms\u00f8 </span><span class=\"S2633 SC5 S2\" id=\"t72_132\">2021 </span><span class=\"S2634 SC5 S2\" id=\"t73_132\">51 % </span><span class=\"S2635 SC5 S2\" id=\"t74_132\">51 % </span><span class=\"S2636 SC5 S2\" id=\"t75_132\">Leroy Culinair B.V. </span><span class=\"S2637 SC5 S2\" id=\"t76_132\">Rode Retail B.V. </span><span class=\"S2638 SC5 S2\" id=\"t77_132\">Netherlands </span><span class=\"S2639 SC5 S2\" id=\"t78_132\">Urk </span><span class=\"S263A SC5 S2\" id=\"t79_132\">2012 </span><span class=\"S263B SC5 S2\" id=\"t7a_132\">100 % </span><span class=\"S263C SC5 S2\" id=\"t7b_132\">100 % </span><span class=\"S263D SC5 S2\" id=\"t7c_132\">Leroy Germany GmbH </span><span class=\"S263E SC5 S2\" id=\"t7d_132\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S263F SC5 S2\" id=\"t7e_132\">Germany </span><span class=\"S2640 SC5 S2\" id=\"t7f_132\">Witten </span><span class=\"S2641 SC5 S2\" id=\"t7g_132\">2015 </span><span class=\"S2642 SC5 S2\" id=\"t7h_132\">100 % </span><span class=\"S2643 SC5 S2\" id=\"t7i_132\">100 % </span><span class=\"S2644 SC5 S2\" id=\"t7j_132\">Leroy Processing Canarias SL </span><span class=\"S2645 SC5 S2\" id=\"t7k_132\">Ler\u00f8y Processing Spain SL </span><span class=\"S2646 SC5 S2\" id=\"t7l_132\">Spain </span><span class=\"S2647 SC5 S2\" id=\"t7m_132\">Canarias </span><span class=\"S2648 SC5 S2\" id=\"t7n_132\">2020 </span><span class=\"S2649 SC5 S2\" id=\"t7o_132\">100 % </span><span class=\"S264A SC5 S2\" id=\"t7p_132\">100 % </span><span class=\"S264B SC5 S2\" id=\"t7q_132\">Leroy Seafood Italy SRL </span><span class=\"S264C SC5 S2\" id=\"t7r_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S264D SC5 S2\" id=\"t7s_132\">Italy </span><span class=\"S264E SC5 S2\" id=\"t7t_132\">Porto Viro </span><span class=\"S264F SC5 S2\" id=\"t7u_132\">2019 </span><span class=\"S2650 SC5 S2\" id=\"t7v_132\">100 % </span><span class=\"S2651 SC5 S2\" id=\"t7w_132\">100 % </span><span class=\"S2652 SC5 S2\" id=\"t7x_132\">Leroy Seafood USA Inc </span><span class=\"S2653 SC5 S2\" id=\"t7y_132\">Ler\u00f8y Seafood AS </span><span class=\"S2654 SC5 S2\" id=\"t7z_132\">USA </span><span class=\"S2655 SC5 S2\" id=\"t80_132\">North </span><span class=\"S2656 SC5 S2\" id=\"t81_132\">Carolina </span><span class=\"S2657 SC5 S2\" id=\"t82_132\">2016 </span><span class=\"S2658 SC5 S2\" id=\"t83_132\">100 % </span><span class=\"S2659 SC5 S2\" id=\"t84_132\">100 % </span><span class=\"S265A SC5 S2\" id=\"t85_132\">Ler\u00f8y &amp; Strudshavn AS </span><span class=\"S265B SC5 S2\" id=\"t86_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S265C SC5 S2\" id=\"t87_132\">Norway </span><span class=\"S265D SC5 S2\" id=\"t88_132\">Bergen </span><span class=\"S265E SC5 S2\" id=\"t89_132\">1927 * </span><span class=\"S265F SC5 S2\" id=\"t8a_132\">100 % </span><span class=\"S2660 SC5 S2\" id=\"t8b_132\">100 % </span><span class=\"S2661 SC5 S2\" id=\"t8c_132\">Ler\u00f8y Alfheim AS </span><span class=\"S2662 SC5 S2\" id=\"t8d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2663 SC5 S2\" id=\"t8e_132\">Norway </span><span class=\"S2664 SC5 S2\" id=\"t8f_132\">Bergen </span><span class=\"S2665 SC5 S2\" id=\"t8g_132\">2005 </span><span class=\"S2666 SC5 S2\" id=\"t8h_132\">100 % </span><span class=\"S2667 SC5 S2\" id=\"t8i_132\">0 % </span><span class=\"S2668 S269C S2\" id=\"t8j_132\">6) </span><span class=\"S2669 SC5 S2\" id=\"t8k_132\">Ler\u00f8y Bulandet AS </span><span class=\"S266A SC5 S2\" id=\"t8l_132\">Ler\u00f8y Seafood AS </span><span class=\"S266B SC5 S2\" id=\"t8m_132\">Norway </span><span class=\"S266C SC5 S2\" id=\"t8n_132\">Askvoll </span><span class=\"S266D SC5 S2\" id=\"t8o_132\">2005 </span><span class=\"S266E SC5 S2\" id=\"t8p_132\">83 % </span><span class=\"S266F SC5 S2\" id=\"t8q_132\">83 % </span><span class=\"S2670 SC5 S2\" id=\"t8r_132\">Ler\u00f8y Delico AS </span><span class=\"S2671 SC5 S2\" id=\"t8s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2672 SC5 S2\" id=\"t8t_132\">Norway </span><span class=\"S2673 SC5 S2\" id=\"t8u_132\">Stavanger </span><span class=\"S2674 SC5 S2\" id=\"t8v_132\">2006 </span><span class=\"S2675 SC5 S2\" id=\"t8w_132\">100 % </span><span class=\"S2676 SC5 S2\" id=\"t8x_132\">0 % </span><span class=\"S2677 S269C S2\" id=\"t8y_132\">6) </span><span class=\"S2678 SC5 S2\" id=\"t8z_132\">Ler\u00f8y Finland OY </span><span class=\"S2679 SC5 S2\" id=\"t90_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S267A SC5 S2\" id=\"t91_132\">Finland </span><span class=\"S267B SC5 S2\" id=\"t92_132\">Turku </span><span class=\"S267C SC5 S2\" id=\"t93_132\">2011 </span><span class=\"S267D SC5 S2\" id=\"t94_132\">100 % </span><span class=\"S267E SC5 S2\" id=\"t95_132\">100 % </span><span class=\"S267F SC5 S2\" id=\"t96_132\">Ler\u00f8y Fossen AS </span><span class=\"S2680 SC5 S2\" id=\"t97_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2681 SC5 S2\" id=\"t98_132\">Norway </span><span class=\"S2682 SC5 S2\" id=\"t99_132\">Bergen </span><span class=\"S2683 SC5 S2\" id=\"t9a_132\">2006 </span><span class=\"S2684 SC5 S2\" id=\"t9b_132\">100 % </span><span class=\"S2685 SC5 S2\" id=\"t9c_132\">100 % </span><span class=\"S2686 SC5 S2\" id=\"t9d_132\">Ler\u00f8y Nord AS </span><span class=\"S2687 SC5 S2\" id=\"t9e_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2688 SC5 S2\" id=\"t9f_132\">Norway </span><span class=\"S2689 SC5 S2\" id=\"t9g_132\">Troms\u00f8 </span><span class=\"S268A SC5 S2\" id=\"t9h_132\">2015 </span><span class=\"S268B SC5 S2\" id=\"t9i_132\">51 % </span><span class=\"S268C SC5 S2\" id=\"t9j_132\">51 % </span><span class=\"S268D SC5 S2\" id=\"t9k_132\">Ler\u00f8y Norge AS ** </span><span class=\"S268E SC5 S2\" id=\"t9l_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S268F SC5 S2\" id=\"t9m_132\">Norway </span><span class=\"S2690 SC5 S2\" id=\"t9n_132\">Oslo </span><span class=\"S2691 SC5 S2\" id=\"t9o_132\">2018 </span><span class=\"S2692 SC5 S2\" id=\"t9p_132\">100 % </span><span class=\"S2693 SC5 S2\" id=\"t9q_132\">100 % </span><span class=\"S2694 SC5 S2\" id=\"t9r_132\">Ler\u00f8y Portugal Lda </span><span class=\"S2695 SC5 S2\" id=\"t9s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2696 SC5 S2\" id=\"t9t_132\">Portugal </span><span class=\"S2697 SC5 S2\" id=\"t9u_132\">Lisboa </span><span class=\"S2698 SC5 S2\" id=\"t9v_132\">2005 </span><span class=\"S2699 SC5 S2\" id=\"t9w_132\">100 % </span><span class=\"S269A SC5 S2\" id=\"t9x_132\">100 % </span><span class=\"S2381 S18EC S2\" id=\"ta5_132\">NOTE 4 </span><span class=\"S269B S18EC S2\" id=\"ta6_132\">Consolidated companies and allocation to operating segment </span><span class=\"S269D SC4 S2\" id=\"t1_133\">Company </span><span class=\"S269E SC4 S2\" id=\"t2_133\">Ownership </span><span class=\"S269F SC4 S2\" id=\"t3_133\">Country </span><span class=\"S26A0 SC4 S2\" id=\"t4_133\">Registered </span><span class=\"S26A1 SC4 S2\" id=\"t5_133\">business </span><span class=\"S26A2 SC4 S2\" id=\"t6_133\">premises </span><span class=\"S26A3 SC4 S2\" id=\"t7_133\">Year of </span><span class=\"S26A4 SC4 S2\" id=\"t8_133\">acquisition </span><span class=\"S26A5 SC4 S2\" id=\"t9_133\">Share </span><span class=\"S26A6 SC4 S2\" id=\"ta_133\">01.01 </span><span class=\"S26A7 SC4 S2\" id=\"tb_133\">Share </span><span class=\"S26A8 SC4 S2\" id=\"tc_133\">31.12 </span><span class=\"S26A9 SC5 S2\" id=\"td_133\">Ler\u00f8y Processing Spain SL </span><span class=\"S26AA SC5 S2\" id=\"te_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26AB SC5 S2\" id=\"tf_133\">Spain </span><span class=\"S26AC SC5 S2\" id=\"tg_133\">Madrid </span><span class=\"S26AD SC5 S2\" id=\"th_133\">2012 </span><span class=\"S26AE SC5 S2\" id=\"ti_133\">100 % </span><span class=\"S26AF SC5 S2\" id=\"tj_133\">100 % </span><span class=\"S26B0 SC5 S2\" id=\"tk_133\">Ler\u00f8y Quality Group AS </span><span class=\"S26B1 SC5 S2\" id=\"tl_133\">Ler\u00f8y Seafood AS </span><span class=\"S26B2 SC5 S2\" id=\"tm_133\">Norway </span><span class=\"S26B3 SC5 S2\" id=\"tn_133\">Bergen </span><span class=\"S26B4 SC5 S2\" id=\"to_133\">2006 </span><span class=\"S26B5 SC5 S2\" id=\"tp_133\">100 % </span><span class=\"S26B6 SC5 S2\" id=\"tq_133\">100 % </span><span class=\"S26B7 SC5 S2\" id=\"tr_133\">Ler\u00f8y Schlie A/S </span><span class=\"S26B8 SC5 S2\" id=\"ts_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S26B9 SC5 S2\" id=\"tt_133\">Denmark </span><span class=\"S26BA SC5 S2\" id=\"tu_133\">Hj\u00f8rring </span><span class=\"S26BB SC5 S2\" id=\"tv_133\">2021 </span><span class=\"S26BC SC5 S2\" id=\"tw_133\">100 % </span><span class=\"S26BD SC5 S2\" id=\"tx_133\">100 % </span><span class=\"S26BE SC5 S2\" id=\"ty_133\">Ler\u00f8y Seafood AB </span><span class=\"S26BF SC5 S2\" id=\"tz_133\">Ler\u00f8y Sverige AB </span><span class=\"S26C0 SC5 S2\" id=\"t10_133\">Sweden </span><span class=\"S26C1 SC5 S2\" id=\"t11_133\">Gothenburg </span><span class=\"S26C2 SC5 S2\" id=\"t12_133\">2001 </span><span class=\"S26C3 SC5 S2\" id=\"t13_133\">100 % </span><span class=\"S26C4 SC5 S2\" id=\"t14_133\">100 % </span><span class=\"S26C5 SC5 S2\" id=\"t15_133\">Ler\u00f8y Seafood AS </span><span class=\"S26C6 SC5 S2\" id=\"t16_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26C7 SC5 S2\" id=\"t17_133\">Norway </span><span class=\"S26C8 SC5 S2\" id=\"t18_133\">Bergen </span><span class=\"S26C9 SC5 S2\" id=\"t19_133\">1939 * </span><span class=\"S26CA SC5 S2\" id=\"t1a_133\">100 % </span><span class=\"S26CB SC5 S2\" id=\"t1b_133\">100 % </span><span class=\"S26CC SC5 S2\" id=\"t1c_133\">Ler\u00f8y Seafood Center B.V. </span><span class=\"S26CD SC5 S2\" id=\"t1d_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26CE SC5 S2\" id=\"t1e_133\">Netherlands </span><span class=\"S26CF SC5 S2\" id=\"t1f_133\">Urk </span><span class=\"S26D0 SC5 S2\" id=\"t1g_133\">2012 </span><span class=\"S26D1 SC5 S2\" id=\"t1h_133\">100 % </span><span class=\"S26D2 SC5 S2\" id=\"t1i_133\">100 % </span><span class=\"S26D3 SC5 S2\" id=\"t1j_133\">Ler\u00f8y Seafood Convenience B.V. </span><span class=\"S26D4 SC5 S2\" id=\"t1k_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26D5 SC5 S2\" id=\"t1l_133\">Netherlands </span><span class=\"S26D6 SC5 S2\" id=\"t1m_133\">Urk </span><span class=\"S26D7 SC5 S2\" id=\"t1n_133\">2012 </span><span class=\"S26D8 SC5 S2\" id=\"t1o_133\">100 % </span><span class=\"S26D9 SC5 S2\" id=\"t1p_133\">100 % </span><span class=\"S26DA SC5 S2\" id=\"t1q_133\">Ler\u00f8y Seafood Denmark A/S ** </span><span class=\"S26DB SC5 S2\" id=\"t1r_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26DC SC5 S2\" id=\"t1s_133\">Denmark </span><span class=\"S26DD SC5 S2\" id=\"t1t_133\">Hj\u00f8rring </span><span class=\"S26DE SC5 S2\" id=\"t1u_133\">2021 </span><span class=\"S26DF SC5 S2\" id=\"t1v_133\">78 % </span><span class=\"S26E0 SC5 S2\" id=\"t1w_133\">78 % </span><span class=\"S26E1 SC5 S2\" id=\"t1x_133\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S26E2 SC5 S2\" id=\"t1y_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26E3 SC5 S2\" id=\"t1z_133\">Netherlands </span><span class=\"S26E4 SC5 S2\" id=\"t20_133\">Urk </span><span class=\"S26E5 SC5 S2\" id=\"t21_133\">2012 </span><span class=\"S26E6 SC5 S2\" id=\"t22_133\">100 % </span><span class=\"S26E7 SC5 S2\" id=\"t23_133\">100 % </span><span class=\"S26E8 SC5 S2\" id=\"t24_133\">Ler\u00f8y Seafood Netherlands B.V. </span><span class=\"S26E9 SC5 S2\" id=\"t25_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26EA SC5 S2\" id=\"t26_133\">Netherlands </span><span class=\"S26EB SC5 S2\" id=\"t27_133\">Urk </span><span class=\"S26EC SC5 S2\" id=\"t28_133\">2012 </span><span class=\"S26ED SC5 S2\" id=\"t29_133\">100 % </span><span class=\"S26EE SC5 S2\" id=\"t2a_133\">100 % </span><span class=\"S26EF SC5 S2\" id=\"t2b_133\">Ler\u00f8y Seafood Real Estate B.V. </span><span class=\"S26F0 SC5 S2\" id=\"t2c_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26F1 SC5 S2\" id=\"t2d_133\">Netherlands </span><span class=\"S26F2 SC5 S2\" id=\"t2e_133\">Urk </span><span class=\"S26F3 SC5 S2\" id=\"t2f_133\">2012 </span><span class=\"S26F4 SC5 S2\" id=\"t2g_133\">100 % </span><span class=\"S26F5 SC5 S2\" id=\"t2h_133\">100 % </span><span class=\"S26F6 SC5 S2\" id=\"t2i_133\">Ler\u00f8y Seafood UK Ltd </span><span class=\"S26F7 SC5 S2\" id=\"t2j_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26F8 SC5 S2\" id=\"t2k_133\">England </span><span class=\"S26F9 SC5 S2\" id=\"t2l_133\">Hull </span><span class=\"S26FA SC5 S2\" id=\"t2m_133\">2022 </span><span class=\"S26FB SC5 S2\" id=\"t2n_133\">0 % </span><span class=\"S26FC SC5 S2\" id=\"t2o_133\">100 % </span><span class=\"S26FD S269C S2\" id=\"t2p_133\">3) </span><span class=\"S26FE SC5 S2\" id=\"t2q_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S26FF SC5 S2\" id=\"t2r_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S2700 SC5 S2\" id=\"t2s_133\">Norway </span><span class=\"S2701 SC5 S2\" id=\"t2t_133\">Bergen </span><span class=\"S2702 SC5 S2\" id=\"t2u_133\">2006 </span><span class=\"S2703 SC5 S2\" id=\"t2v_133\">25 % </span><span class=\"S2704 SC5 S2\" id=\"t2w_133\">25 % </span><span class=\"S2705 SC5 S2\" id=\"t2x_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2706 SC5 S2\" id=\"t2y_133\">Ler\u00f8y Delico AS </span><span class=\"S2707 SC5 S2\" id=\"t2z_133\">Norway </span><span class=\"S2708 SC5 S2\" id=\"t30_133\">Bergen </span><span class=\"S2709 SC5 S2\" id=\"t31_133\">2006 </span><span class=\"S270A SC5 S2\" id=\"t32_133\">18 % </span><span class=\"S270B SC5 S2\" id=\"t33_133\">18 % </span><span class=\"S270C SC5 S2\" id=\"t34_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S270D SC5 S2\" id=\"t35_133\">Ler\u00f8y Alfheim AS </span><span class=\"S270E SC5 S2\" id=\"t36_133\">Norway </span><span class=\"S270F SC5 S2\" id=\"t37_133\">Bergen </span><span class=\"S2710 SC5 S2\" id=\"t38_133\">2006 </span><span class=\"S2711 SC5 S2\" id=\"t39_133\">24 % </span><span class=\"S2712 SC5 S2\" id=\"t3a_133\">24 % </span><span class=\"S2713 SC5 S2\" id=\"t3b_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2714 SC5 S2\" id=\"t3c_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2715 SC5 S2\" id=\"t3d_133\">Norway </span><span class=\"S2716 SC5 S2\" id=\"t3e_133\">Bergen </span><span class=\"S2717 SC5 S2\" id=\"t3f_133\">2006 </span><span class=\"S2718 SC5 S2\" id=\"t3g_133\">8 % </span><span class=\"S2719 SC5 S2\" id=\"t3h_133\">8 % </span><span class=\"S271A SC5 S2\" id=\"t3i_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S271B SC5 S2\" id=\"t3j_133\">Ler\u00f8y Nord AS </span><span class=\"S271C SC5 S2\" id=\"t3k_133\">Norway </span><span class=\"S271D SC5 S2\" id=\"t3l_133\">Bergen </span><span class=\"S271E SC5 S2\" id=\"t3m_133\">2015 </span><span class=\"S271F SC5 S2\" id=\"t3n_133\">3 % </span><span class=\"S2720 SC5 S2\" id=\"t3o_133\">3 % </span><span class=\"S2721 SC5 S2\" id=\"t3p_133\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2722 SC5 S2\" id=\"t3q_133\">Ler\u00f8y Sverige AB </span><span class=\"S2723 SC5 S2\" id=\"t3r_133\">Sweden </span><span class=\"S2724 SC5 S2\" id=\"t3s_133\">Sm\u00f8gen </span><span class=\"S2725 SC5 S2\" id=\"t3t_133\">2002 </span><span class=\"S2726 SC5 S2\" id=\"t3u_133\">100 % </span><span class=\"S2727 SC5 S2\" id=\"t3v_133\">100 % </span><span class=\"S2728 SC5 S2\" id=\"t3w_133\">Ler\u00f8y Sverige AB </span><span class=\"S2729 SC5 S2\" id=\"t3x_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S272A SC5 S2\" id=\"t3y_133\">Sweden </span><span class=\"S272B SC5 S2\" id=\"t3z_133\">Gothenburg </span><span class=\"S272C SC5 S2\" id=\"t40_133\">2001 </span><span class=\"S272D SC5 S2\" id=\"t41_133\">100 % </span><span class=\"S272E SC5 S2\" id=\"t42_133\">100 % </span><span class=\"S272F SC5 S2\" id=\"t43_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2730 SC5 S2\" id=\"t44_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2731 SC5 S2\" id=\"t45_133\">Norway </span><span class=\"S2732 SC5 S2\" id=\"t46_133\">Trondheim </span><span class=\"S2733 SC5 S2\" id=\"t47_133\">2006 </span><span class=\"S2734 SC5 S2\" id=\"t48_133\">100 % </span><span class=\"S2735 SC5 S2\" id=\"t49_133\">0 % </span><span class=\"S2736 S269C S2\" id=\"t4a_133\">6) </span><span class=\"S2737 SC5 S2\" id=\"t4b_133\">Ler\u00f8y Turkey </span><span class=\"S2738 SC5 S2\" id=\"t4c_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2739 SC5 S2\" id=\"t4d_133\">Turkey </span><span class=\"S273A SC5 S2\" id=\"t4e_133\">Istanbul </span><span class=\"S273B SC5 S2\" id=\"t4f_133\">2015 </span><span class=\"S273C SC5 S2\" id=\"t4g_133\">100 % </span><span class=\"S273D SC5 S2\" id=\"t4h_133\">100 % </span><span class=\"S273E SC5 S2\" id=\"t4i_133\">Nigra Fiskeeksport A/S </span><span class=\"S273F SC5 S2\" id=\"t4j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2740 SC5 S2\" id=\"t4k_133\">Denmark </span><span class=\"S2741 SC5 S2\" id=\"t4l_133\">Hj\u00f8rring </span><span class=\"S2742 SC5 S2\" id=\"t4m_133\">2021 </span><span class=\"S2743 SC5 S2\" id=\"t4n_133\">100 % </span><span class=\"S2744 SC5 S2\" id=\"t4o_133\">100 % </span><span class=\"S2745 SC5 S2\" id=\"t4p_133\">Ove Johnsen.Fisk en gros ApS </span><span class=\"S2746 SC5 S2\" id=\"t4q_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2747 SC5 S2\" id=\"t4r_133\">Denmark </span><span class=\"S2748 SC5 S2\" id=\"t4s_133\">K\u00f8benhavn </span><span class=\"S2749 SC5 S2\" id=\"t4t_133\">2021 </span><span class=\"S274A SC5 S2\" id=\"t4u_133\">100 % </span><span class=\"S274B SC5 S2\" id=\"t4v_133\">100 % </span><span class=\"S274C SC5 S2\" id=\"t4w_133\">P. Taabbel &amp; Co A/S </span><span class=\"S274D SC5 S2\" id=\"t4x_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S274E SC5 S2\" id=\"t4y_133\">Denmark </span><span class=\"S274F SC5 S2\" id=\"t4z_133\">Thisted </span><span class=\"S2750 SC5 S2\" id=\"t50_133\">2021 </span><span class=\"S2751 SC5 S2\" id=\"t51_133\">100 % </span><span class=\"S2752 SC5 S2\" id=\"t52_133\">100 % </span><span class=\"S2753 SC5 S2\" id=\"t53_133\">SAS Eurosalmon </span><span class=\"S2754 SC5 S2\" id=\"t54_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2755 SC5 S2\" id=\"t55_133\">France </span><span class=\"S2756 SC5 S2\" id=\"t56_133\">Saint Jean </span><span class=\"S2757 SC5 S2\" id=\"t57_133\">d\u2019Ardi\u00e8res </span><span class=\"S2758 SC5 S2\" id=\"t58_133\">2008 </span><span class=\"S2759 SC5 S2\" id=\"t59_133\">100 % </span><span class=\"S275A SC5 S2\" id=\"t5a_133\">100 % </span><span class=\"S275B SC5 S2\" id=\"t5b_133\">SAS Fishcut </span><span class=\"S275C SC5 S2\" id=\"t5c_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S275D SC5 S2\" id=\"t5d_133\">France </span><span class=\"S275E SC5 S2\" id=\"t5e_133\">Saint Laurent </span><span class=\"S275F SC5 S2\" id=\"t5f_133\">Blangy </span><span class=\"S2760 SC5 S2\" id=\"t5g_133\">2008 </span><span class=\"S2761 SC5 S2\" id=\"t5h_133\">100 % </span><span class=\"S2762 SC5 S2\" id=\"t5i_133\">100 % </span><span class=\"S2763 SC5 S2\" id=\"t5j_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2764 SC5 S2\" id=\"t5k_133\">Ler\u00f8y Seafood AS </span><span class=\"S2765 SC5 S2\" id=\"t5l_133\">France </span><span class=\"S2766 SC5 S2\" id=\"t5m_133\">Boulogne </span><span class=\"S2767 SC5 S2\" id=\"t5n_133\">2008 </span><span class=\"S2768 SC5 S2\" id=\"t5o_133\">100 % </span><span class=\"S2769 SC5 S2\" id=\"t5p_133\">100 % </span><span class=\"S276A SC5 S2\" id=\"t5q_133\">Scan Fish Danmark A/S </span><span class=\"S276B SC5 S2\" id=\"t5r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S276C SC5 S2\" id=\"t5s_133\">Denmark </span><span class=\"S276D SC5 S2\" id=\"t5t_133\">Thisted </span><span class=\"S276E SC5 S2\" id=\"t5u_133\">2021 </span><span class=\"S276F SC5 S2\" id=\"t5v_133\">100 % </span><span class=\"S2770 SC5 S2\" id=\"t5w_133\">100 % </span><span class=\"S2771 SC5 S2\" id=\"t5x_133\">Sirevaag AS </span><span class=\"S2772 SC5 S2\" id=\"t5y_133\">Ler\u00f8y Delico AS </span><span class=\"S2773 SC5 S2\" id=\"t5z_133\">Norway </span><span class=\"S2774 SC5 S2\" id=\"t60_133\">H\u00e5 </span><span class=\"S2775 SC5 S2\" id=\"t61_133\">2006 </span><span class=\"S2776 SC5 S2\" id=\"t62_133\">100 % </span><span class=\"S2777 SC5 S2\" id=\"t63_133\">100 % </span><span class=\"S2778 SC5 S2\" id=\"t64_133\">Sj\u00f8mathuset AS </span><span class=\"S2779 SC5 S2\" id=\"t65_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S277A SC5 S2\" id=\"t66_133\">Norway </span><span class=\"S277B SC5 S2\" id=\"t67_133\">Oslo </span><span class=\"S277C SC5 S2\" id=\"t68_133\">2006 </span><span class=\"S277D SC5 S2\" id=\"t69_133\">100 % </span><span class=\"S277E SC5 S2\" id=\"t6a_133\">100 % </span><span class=\"S277F SC5 S2\" id=\"t6b_133\">Thor\ufb01sk A/S </span><span class=\"S2780 SC5 S2\" id=\"t6c_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2781 SC5 S2\" id=\"t6d_133\">Denmark </span><span class=\"S2782 SC5 S2\" id=\"t6e_133\">Norddjurs </span><span class=\"S2783 SC5 S2\" id=\"t6f_133\">2021 </span><span class=\"S2784 SC5 S2\" id=\"t6g_133\">100 % </span><span class=\"S2785 SC5 S2\" id=\"t6h_133\">100 % </span><span class=\"S2786 SC5 S2\" id=\"t6i_133\">Wannebo International AS </span><span class=\"S2787 SC5 S2\" id=\"t6j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2788 SC5 S2\" id=\"t6k_133\">Norway </span><span class=\"S2789 SC5 S2\" id=\"t6l_133\">Hj\u00f8rring </span><span class=\"S278A SC5 S2\" id=\"t6m_133\">2021 </span><span class=\"S278B SC5 S2\" id=\"t6n_133\">100 % </span><span class=\"S278C SC5 S2\" id=\"t6o_133\">100 % </span><span class=\"S278D SC4 S2\" id=\"t6p_133\">Not allocated </span><span class=\"S278E SC5 S2\" id=\"t6q_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S278F SAF1 S2\" id=\"t6r_133\">See note on shareholder information </span><span class=\"S2790 SC5 S2\" id=\"t6s_133\">Bergen </span><span class=\"S2791 SC5 S2\" id=\"t6t_133\">1995 </span><span class=\"S2792 SC5 S2\" id=\"t6u_133\">Preline Fishfarming Sys. AS </span><span class=\"S2793 SC5 S2\" id=\"t6v_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2794 SC5 S2\" id=\"t6w_133\">Norway </span><span class=\"S2795 SC5 S2\" id=\"t6x_133\">Bergen </span><span class=\"S2796 SC5 S2\" id=\"t6y_133\">2015 </span><span class=\"S2797 SC5 S2\" id=\"t6z_133\">96 % </span><span class=\"S2798 SC5 S2\" id=\"t70_133\">96 % </span><span class=\"S2799 SC4 S2\" id=\"t71_133\">Comments on changes </span><span class=\"S279A SC5 S2\" id=\"t72_133\">1) </span><span class=\"S279B SC5 S2\" id=\"t73_133\">Transactions with non-controlling interests </span><span class=\"S279C SC5 S2\" id=\"t74_133\">2) </span><span class=\"S279D SC5 S2\" id=\"t75_133\">Change in owership within the group </span><span class=\"S279E SC5 S2\" id=\"t76_133\">3) </span><span class=\"S279F SC5 S2\" id=\"t77_133\">Foundation of new company </span><span class=\"S27A0 SC5 S2\" id=\"t78_133\">4) </span><span class=\"S27A1 SC5 S2\" id=\"t79_133\">Business combination - Change from associated company to subsidiary </span><span class=\"S27A2 SC5 S2\" id=\"t7a_133\">5) </span><span class=\"S27A3 SC5 S2\" id=\"t7b_133\">Business combination - New company acquired </span><span class=\"S27A4 SC5 S2\" id=\"t7c_133\">6) </span><span class=\"S27A5 SC5 S2\" id=\"t7d_133\">Parent\u2013subsidiary merger </span><span class=\"S27A6 SC5 S2\" id=\"t7e_133\">7) </span><span class=\"S27A7 SC5 S2\" id=\"t7f_133\">Sale of company </span><span class=\"S27A8 SC5 S2\" id=\"t7g_133\">8) </span><span class=\"S27A9 SC5 S2\" id=\"t7h_133\">Liquidation of company </span><span class=\"S27AA SC5 S2\" id=\"t7i_133\">* Foundation date. The companies were part of \u00abthe old Ler\u00f8y group\u00bb before Ler\u00f8y Seafood Group ASA was founded in 1995 </span><span class=\"S27AB SC5 S2\" id=\"t7j_133\">** The company has changed its name this year. See below for details. </span><span class=\"S27AC SC4 S2\" id=\"t7k_133\">Overview of companies that have changed their names in 2022 </span><span class=\"S27AD SAF1 S2\" id=\"t7l_133\">New name </span><span class=\"S27AE SAF1 S2\" id=\"t7m_133\">Old name </span><span class=\"S27AF SAF1 S2\" id=\"t7n_133\">Country </span><span class=\"S27B0 SC5 S2\" id=\"t7o_133\">Ler\u00f8y Norge AS </span><span class=\"S27B1 SC5 S2\" id=\"t7p_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S27B2 SC5 S2\" id=\"t7q_133\">Norway </span><span class=\"S27B3 SC5 S2\" id=\"t7r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S27B4 SC5 S2\" id=\"t7s_133\">Seafood Danmark A/S </span><span class=\"S27B5 SC5 S2\" id=\"t7t_133\">Denmark </span><span class=\"S27B7 SC4 S2\" id=\"t1_134\">Segments </span><span class=\"S27B8 SC5 S2\" id=\"t2_134\">The Group has the following segments: </span><span class=\"S27B9 SC5 S2\" id=\"t3_134\">(1) Wild catch </span><span class=\"S27BA SC5 S2\" id=\"t4_134\">(2) Farming </span><span class=\"S27BB SC5 S2\" id=\"t5_134\">(3) Value-added processing (VAP), sales and distribution (VAPSD) </span><span class=\"S27BC SC5 S2\" id=\"t6_134\">Ler\u00f8y Seafood Group ASA and Preline Fishfarming System AS are not allocated to any of these segments, and are included in the elimination </span><span class=\"S27BD SC5 S2\" id=\"t7_134\">segment. Farming is divided into three individual regions: </span><span class=\"S27BE SC5 S2\" id=\"t8_134\">(A) North (Ler\u00f8y Aurora AS and Ler\u00f8y Aurora 2 AS) </span><span class=\"S27BF SC5 S2\" id=\"t9_134\">(B) Central (Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS) </span><span class=\"S27C0 SC5 S2\" id=\"ta_134\">(C) West (Ler\u00f8y Vest AS, Ler\u00f8y Vest 2 AS, Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk 2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y \u00c5rskog AS, Ler\u00f8y Ocean </span><span class=\"S27C1 SC5 S2\" id=\"tb_134\">Harvest AS and Norsk Oppdrettsservice AS). Region West are also referred to as \"Ler\u00f8y Sj\u00f8troll\". </span><span class=\"S27C2 SC5 S2\" id=\"tc_134\">Further details regarding the different companies in the groups, allocation to segment and level of aggregation are presented in note on </span><span class=\"S27C3 SC5 S2\" id=\"td_134\">consolidated companies. The aggregation level for reporting by region is described in the note on accounting principles. </span><span class=\"S27C4 SC4 S2\" id=\"te_134\">Operating revenue </span><span class=\"S194B SC4 S2\" id=\"tf_134\">2022 </span><span class=\"S194C SC4 S2\" id=\"tg_134\">2021 </span><span class=\"S27C5 SC5 S2\" id=\"th_134\">Sale of goods and services </span><span class=\"S27C6 SC5 S2\" id=\"ti_134\">26 640 669 </span><span class=\"S27C7 SC5 S2\" id=\"tj_134\">23 071 652 </span><span class=\"S27C8 SC5 S2\" id=\"tk_134\">Lease income </span><span class=\"S27C9 SC5 S2\" id=\"tl_134\">253 </span><span class=\"S27CA SC5 S2\" id=\"tm_134\">1 416 </span><span class=\"S27CB SC5 S2\" id=\"tn_134\">Damages received </span><span class=\"S27CC SC5 S2\" id=\"to_134\">61 </span><span class=\"S27CD SC5 S2\" id=\"tp_134\">102 </span><span class=\"S27CE SC5 S2\" id=\"tq_134\">Other operating revenue </span><span class=\"S27CF SC5 S2\" id=\"tr_134\">4 894 </span><span class=\"S27D0 SC5 S2\" id=\"ts_134\">110 </span><span class=\"S27D1 SC4 S2\" id=\"tt_134\">Total </span><span class=\"S27D2 SC4 S2\" id=\"tu_134\">26 645 877 </span><span class=\"S27D3 SC4 S2\" id=\"tv_134\">23 073 280 </span><span class=\"S27D4 SC4 S2\" id=\"tw_134\">Other gains and losses </span><span class=\"S27D5 SC4 S2\" id=\"tx_134\">2022 </span><span class=\"S27D6 SC4 S2\" id=\"ty_134\">2021 </span><span class=\"S27D7 SC5 S2\" id=\"tz_134\">Gain(+)/loss(-) from disposal of \ufb01xed assets </span><span class=\"S27D8 SC5 S2\" id=\"t10_134\">5 697 </span><span class=\"S27D9 SC5 S2\" id=\"t11_134\">26 467 </span><span class=\"S27DA SC5 S2\" id=\"t12_134\">Gain(+)/loss(-) from termination of leases (disposal RoU-assets) </span><span class=\"S27DB SC5 S2\" id=\"t13_134\">850 </span><span class=\"S27DC SC5 S2\" id=\"t14_134\">2 361 </span><span class=\"S27DD SC5 S2\" id=\"t15_134\">Gain(+)/loss(-) from disposal of intangibles </span><span class=\"S27DE SC5 S2\" id=\"t16_134\">0 </span><span class=\"S27DF SC5 S2\" id=\"t17_134\">-5 189 </span><span class=\"S27E0 SC5 S2\" id=\"t18_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27E1 SC5 S2\" id=\"t19_134\">0 </span><span class=\"S27E2 SC5 S2\" id=\"t1a_134\">39 175 </span><span class=\"S27E3 SC5 S2\" id=\"t1b_134\">Gain(+)/loss(-) from disposal of other non-current \ufb01nancial assets </span><span class=\"S27E4 SC5 S2\" id=\"t1c_134\">-167 </span><span class=\"S27E5 SC5 S2\" id=\"t1d_134\">0 </span><span class=\"S27E6 SC4 S2\" id=\"t1e_134\">Total </span><span class=\"S27E7 SC4 S2\" id=\"t1f_134\">6 380 </span><span class=\"S27E8 SC4 S2\" id=\"t1g_134\">62 814 </span><span class=\"S27E9 SC4 S2\" id=\"t1h_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27EA SC4 S2\" id=\"t1i_134\">2022 </span><span class=\"S27EB SC4 S2\" id=\"t1j_134\">2021 </span><span class=\"S27EC SC5 S2\" id=\"t1k_134\">Gain(+)/loss(-) from disposal of shares in associated companies </span><span class=\"S27ED SC5 S2\" id=\"t1l_134\">0 </span><span class=\"S27EE SC5 S2\" id=\"t1m_134\">-61 </span><span class=\"S27EF SC5 S2\" id=\"t1n_134\">Gain from re-measurement related to business combination </span><span class=\"S27F0 SC5 S2\" id=\"t1o_134\">0 </span><span class=\"S27F1 SC5 S2\" id=\"t1p_134\">32 063 </span><span class=\"S27F2 SC5 S2\" id=\"t1q_134\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S27F3 SC5 S2\" id=\"t1r_134\">0 </span><span class=\"S27F4 SC5 S2\" id=\"t1s_134\">7 173 </span><span class=\"S27F5 SC4 S2\" id=\"t1t_134\">Total </span><span class=\"S27F6 SC4 S2\" id=\"t1u_134\">0 </span><span class=\"S27F7 SC4 S2\" id=\"t1v_134\">39 175 </span><span class=\"S27F8 SAF1 S2\" id=\"t1w_134\">The gain is mainly concerning the step-by-step business combination with the previous associated company Seafood Danmark A/S </span><span class=\"S2381 S18EC S2\" id=\"t24_134\">NOTE 5 </span><span class=\"S27F9 S18EC S2\" id=\"t25_134\">Operating revenues and segment information </span><span class=\"S27FA SC4 S2\" id=\"t1_135\">2021 </span><span class=\"S27FB SC4 S2\" id=\"t2_135\">Wild catch </span><span class=\"S27FC SC4 S2\" id=\"t3_135\">Farming </span><span class=\"S27FD SC4 S2\" id=\"t4_135\">VAPSD </span><span class=\"S27FE SC4 S2\" id=\"t5_135\">Elimination/ </span><span class=\"S27FF SC4 S2\" id=\"t6_135\">unallocated </span><span class=\"S2800 SC4 S2\" id=\"t7_135\">Total </span><span class=\"S2801 SC5 S2\" id=\"t8_135\">External operating revenue </span><span class=\"S2802 SC5 S2\" id=\"t9_135\">902 691 </span><span class=\"S2803 SC5 S2\" id=\"ta_135\">323 337 </span><span class=\"S2804 SC5 S2\" id=\"tb_135\">21 847 251 </span><span class=\"S2805 SC5 S2\" id=\"tc_135\">0 </span><span class=\"S2806 SC5 S2\" id=\"td_135\">23 073 280 </span><span class=\"S2807 SC5 S2\" id=\"te_135\">Internal operating revenue </span><span class=\"S2808 SC5 S2\" id=\"tf_135\">1 792 444 </span><span class=\"S2809 SC5 S2\" id=\"tg_135\">10 180 062 </span><span class=\"S280A SC5 S2\" id=\"th_135\">124 987 </span><span class=\"S280B SC5 S2\" id=\"ti_135\">-12 097 493 </span><span class=\"S280C SC5 S2\" id=\"tj_135\">0 </span><span class=\"S280D SC4 S2\" id=\"tk_135\">Total operating revenue </span><span class=\"S280E SC4 S2\" id=\"tl_135\">2 695 135 </span><span class=\"S280F SC4 S2\" id=\"tm_135\">10 503 400 </span><span class=\"S2810 SC4 S2\" id=\"tn_135\">21 972 238 </span><span class=\"S2811 SC4 S2\" id=\"to_135\">-12 097 493 </span><span class=\"S2812 SC4 S2\" id=\"tp_135\">23 073 280 </span><span class=\"S2813 SC5 S2\" id=\"tq_135\">Other gains and losses </span><span class=\"S2814 SC5 S2\" id=\"tr_135\">2 451 </span><span class=\"S2815 SC5 S2\" id=\"ts_135\">7 209 </span><span class=\"S2816 SC5 S2\" id=\"tt_135\">53 155 </span><span class=\"S2817 SC5 S2\" id=\"tu_135\">62 814 </span><span class=\"S2818 SC5 S2\" id=\"tv_135\">Operating expenses </span><span class=\"S2819 SC5 S2\" id=\"tw_135\">2 357 691 </span><span class=\"S281A SC5 S2\" id=\"tx_135\">8 742 880 </span><span class=\"S281B SC5 S2\" id=\"ty_135\">21 395 379 </span><span class=\"S281C SC5 S2\" id=\"tz_135\">-11 878 639 </span><span class=\"S281D SC5 S2\" id=\"t10_135\">20 617 311 </span><span class=\"S281E SC4 S2\" id=\"t11_135\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S281F SC4 S2\" id=\"t12_135\">339 895 </span><span class=\"S2820 SC4 S2\" id=\"t13_135\">1 767 729 </span><span class=\"S2821 SC4 S2\" id=\"t14_135\">630 014 </span><span class=\"S2822 SC4 S2\" id=\"t15_135\">-218 854 </span><span class=\"S2823 SC4 S2\" id=\"t16_135\">2 518 783 </span><span class=\"S2824 SC5 S2\" id=\"t17_135\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S2825 SC5 S2\" id=\"t18_135\">1 131 092 </span><span class=\"S2826 SC5 S2\" id=\"t19_135\">1 131 092 </span><span class=\"S2827 SC5 S2\" id=\"t1a_135\">Change in fair value of loss-making contracts </span><span class=\"S2828 SC5 S2\" id=\"t1b_135\">-44 226 </span><span class=\"S2829 SC5 S2\" id=\"t1c_135\">-44 226 </span><span class=\"S282A SC5 S2\" id=\"t1d_135\">Change in fair value of Fish Pool contracts </span><span class=\"S282B SC5 S2\" id=\"t1e_135\">-1 561 </span><span class=\"S282C SC5 S2\" id=\"t1f_135\">-1 561 </span><span class=\"S282D SC5 S2\" id=\"t1g_135\">Total fair value adjustments related to biological assets </span><span class=\"S282E SC5 S2\" id=\"t1h_135\">0 </span><span class=\"S282F SC5 S2\" id=\"t1i_135\">1 086 866 </span><span class=\"S2830 SC5 S2\" id=\"t1j_135\">-1 561 </span><span class=\"S2831 SC5 S2\" id=\"t1k_135\">0 </span><span class=\"S2832 SC5 S2\" id=\"t1l_135\">1 085 304 </span><span class=\"S2833 SC4 S2\" id=\"t1m_135\">Operating pro\ufb01t </span><span class=\"S2834 SC4 S2\" id=\"t1n_135\">339 895 </span><span class=\"S2835 SC4 S2\" id=\"t1o_135\">2 854 594 </span><span class=\"S2836 SC4 S2\" id=\"t1p_135\">628 453 </span><span class=\"S2837 SC4 S2\" id=\"t1q_135\">-218 854 </span><span class=\"S2838 SC4 S2\" id=\"t1r_135\">3 604 087 </span><span class=\"S2839 SC5 S2\" id=\"t1s_135\">Pro\ufb01t from associates </span><span class=\"S283A SC5 S2\" id=\"t1t_135\">-484 </span><span class=\"S283B SC5 S2\" id=\"t1u_135\">113 906 </span><span class=\"S283C SC5 S2\" id=\"t1v_135\">8 081 </span><span class=\"S283D SC5 S2\" id=\"t1w_135\">121 503 </span><span class=\"S283E SC5 S2\" id=\"t1x_135\">Net \ufb01nancial items </span><span class=\"S283F SC5 S2\" id=\"t1y_135\">-40 599 </span><span class=\"S2840 SC5 S2\" id=\"t1z_135\">-135 511 </span><span class=\"S2841 SC5 S2\" id=\"t20_135\">5 155 </span><span class=\"S2842 SC5 S2\" id=\"t21_135\">-22 970 </span><span class=\"S2843 SC5 S2\" id=\"t22_135\">-193 925 </span><span class=\"S2844 SC4 S2\" id=\"t23_135\">Pro\ufb01t before tax </span><span class=\"S2845 SC4 S2\" id=\"t24_135\">298 811 </span><span class=\"S2846 SC4 S2\" id=\"t25_135\">2 832 989 </span><span class=\"S2847 SC4 S2\" id=\"t26_135\">641 689 </span><span class=\"S2848 SC4 S2\" id=\"t27_135\">-241 824 </span><span class=\"S2849 SC4 S2\" id=\"t28_135\">3 531 665 </span><span class=\"S284A SC5 S2\" id=\"t29_135\">Tax cost </span><span class=\"S284B SC5 S2\" id=\"t2a_135\">-750 569 </span><span class=\"S284C SC4 S2\" id=\"t2b_135\">The year's result </span><span class=\"S284D SC4 S2\" id=\"t2c_135\">2 781 096 </span><span class=\"S284E SC5 S2\" id=\"t2d_135\">Operating margin before fair value adjustments </span><span class=\"S284F SC5 S2\" id=\"t2e_135\">12.6 % </span><span class=\"S2850 SC5 S2\" id=\"t2f_135\">16.8 % </span><span class=\"S2851 SC5 S2\" id=\"t2g_135\">2.9 % </span><span class=\"S2852 SC5 S2\" id=\"t2h_135\">1.8 % </span><span class=\"S2853 SC5 S2\" id=\"t2i_135\">10.9 % </span><span class=\"S2854 SC5 S2\" id=\"t2j_135\">Catch volume (HOG) in tonnes </span><span class=\"S2855 SC5 S2\" id=\"t2k_135\">71 521 </span><span class=\"S2856 SC5 S2\" id=\"t2l_135\">71 521 </span><span class=\"S2857 SC5 S2\" id=\"t2m_135\">Harvest volume salmon and trout (GWT) </span><span class=\"S2858 SC5 S2\" id=\"t2n_135\">186 635 </span><span class=\"S2859 SC5 S2\" id=\"t2o_135\">186 635 </span><span class=\"S285A SC5 S2\" id=\"t2p_135\">EBIT */kg harvested salmon and trout </span><span class=\"S285B SC5 S2\" id=\"t2q_135\">1.8 </span><span class=\"S285C SC5 S2\" id=\"t2r_135\">9.5 </span><span class=\"S285D SC5 S2\" id=\"t2s_135\">3.4 </span><span class=\"S285E SC5 S2\" id=\"t2t_135\">-1.2 </span><span class=\"S285F SC5 S2\" id=\"t2u_135\">13.5 </span><span class=\"S2860 SC5 S2\" id=\"t2v_135\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2861 SC5 S2\" id=\"t2w_135\">4.8 </span><span class=\"S2862 SC5 S2\" id=\"t2x_135\">-0.1 </span><span class=\"S2863 SC5 S2\" id=\"t2y_135\">4.7 </span><span class=\"S2864 SC5 S2\" id=\"t2z_135\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2865 SC5 S2\" id=\"t30_135\">9.5 </span><span class=\"S2866 SC5 S2\" id=\"t31_135\">3.4 </span><span class=\"S2867 SC5 S2\" id=\"t32_135\">-1.2 </span><span class=\"S2868 SC5 S2\" id=\"t33_135\">11.7 </span><span class=\"S2869 SC5 S2\" id=\"t34_135\">Assets excluding associates </span><span class=\"S286A SC5 S2\" id=\"t35_135\">6 359 641 </span><span class=\"S286B SC5 S2\" id=\"t36_135\">18 681 233 </span><span class=\"S286C SC5 S2\" id=\"t37_135\">6 158 809 </span><span class=\"S286D SC5 S2\" id=\"t38_135\">1 645 953 </span><span class=\"S286E SC5 S2\" id=\"t39_135\">32 845 636 </span><span class=\"S286F SC5 S2\" id=\"t3a_135\">Associates </span><span class=\"S2870 SC5 S2\" id=\"t3b_135\">21 683 </span><span class=\"S2871 SC5 S2\" id=\"t3c_135\">1 324 848 </span><span class=\"S2872 SC5 S2\" id=\"t3d_135\">1 542 </span><span class=\"S2873 SC5 S2\" id=\"t3e_135\">0 </span><span class=\"S2874 SC5 S2\" id=\"t3f_135\">1 348 072 </span><span class=\"S2875 SC4 S2\" id=\"t3g_135\">Total assets </span><span class=\"S2876 SC4 S2\" id=\"t3h_135\">6 381 324 </span><span class=\"S2877 SC4 S2\" id=\"t3i_135\">20 006 081 </span><span class=\"S2878 SC4 S2\" id=\"t3j_135\">6 160 350 </span><span class=\"S2879 SC4 S2\" id=\"t3k_135\">1 645 953 </span><span class=\"S287A SC4 S2\" id=\"t3l_135\">34 193 708 </span><span class=\"S287B SC4 S2\" id=\"t3m_135\">Total liabilities </span><span class=\"S287C SC4 S2\" id=\"t3n_135\">2 894 711 </span><span class=\"S287D SC4 S2\" id=\"t3o_135\">8 686 147 </span><span class=\"S287E SC4 S2\" id=\"t3p_135\">3 504 667 </span><span class=\"S287F SC4 S2\" id=\"t3q_135\">-214 920 </span><span class=\"S2880 SC4 S2\" id=\"t3r_135\">14 870 605 </span><span class=\"S2881 SC4 S2\" id=\"t3s_135\">NIBD </span><span class=\"S2882 SC4 S2\" id=\"t3t_135\">1 023 777 </span><span class=\"S2883 SC4 S2\" id=\"t3u_135\">3 500 347 </span><span class=\"S2884 SC4 S2\" id=\"t3v_135\">-90 121 </span><span class=\"S2885 SC4 S2\" id=\"t3w_135\">-1 136 517 </span><span class=\"S2886 SC4 S2\" id=\"t3x_135\">3 297 487 </span><span class=\"S2887 SC4 S2\" id=\"t3y_135\">Net investments in intangibles and \ufb01xed assets *** </span><span class=\"S2888 SC4 S2\" id=\"t3z_135\">123 691 </span><span class=\"S2889 SC4 S2\" id=\"t40_135\">945 751 </span><span class=\"S288A SC4 S2\" id=\"t41_135\">111 833 </span><span class=\"S288B SC4 S2\" id=\"t42_135\">1 162 </span><span class=\"S288C SC4 S2\" id=\"t43_135\">1 182 438 </span><span class=\"S288D SC5 S2\" id=\"t44_135\">Depreciations on intangibles </span><span class=\"S288E SC5 S2\" id=\"t45_135\">28 400 </span><span class=\"S288F SC5 S2\" id=\"t46_135\">635 </span><span class=\"S2890 SC5 S2\" id=\"t47_135\">3 879 </span><span class=\"S2891 SC5 S2\" id=\"t48_135\">0 </span><span class=\"S2892 SC5 S2\" id=\"t49_135\">32 914 </span><span class=\"S2893 SC5 S2\" id=\"t4a_135\">Depreciation on right of use assets from credit institutions </span><span class=\"S2894 SC5 S2\" id=\"t4b_135\">12 770 </span><span class=\"S2895 SC5 S2\" id=\"t4c_135\">192 964 </span><span class=\"S2896 SC5 S2\" id=\"t4d_135\">25 380 </span><span class=\"S2897 SC5 S2\" id=\"t4e_135\">52 </span><span class=\"S2898 SC5 S2\" id=\"t4f_135\">231 167 </span><span class=\"S2899 SC5 S2\" id=\"t4g_135\">Depreciation on \ufb01xed assets </span><span class=\"S289A SC5 S2\" id=\"t4h_135\">159 346 </span><span class=\"S289B SC5 S2\" id=\"t4i_135\">442 982 </span><span class=\"S289C SC5 S2\" id=\"t4j_135\">109 370 </span><span class=\"S289D SC5 S2\" id=\"t4k_135\">2 028 </span><span class=\"S289E SC5 S2\" id=\"t4l_135\">713 726 </span><span class=\"S289F SC4 S2\" id=\"t4m_135\">Total depreciations exclusive RoU assets from others </span><span class=\"S28A0 SC4 S2\" id=\"t4n_135\">200 516 </span><span class=\"S28A1 SC4 S2\" id=\"t4o_135\">636 582 </span><span class=\"S28A2 SC4 S2\" id=\"t4p_135\">138 629 </span><span class=\"S28A3 SC4 S2\" id=\"t4q_135\">2 080 </span><span class=\"S28A4 SC4 S2\" id=\"t4r_135\">977 807 </span><span class=\"S28A5 SC5 S2\" id=\"t4s_135\">Depreciation on right of use assets from others </span><span class=\"S28A6 SC5 S2\" id=\"t4t_135\">3 381 </span><span class=\"S28A7 SC5 S2\" id=\"t4u_135\">238 565 </span><span class=\"S28A8 SC5 S2\" id=\"t4v_135\">24 636 </span><span class=\"S28A9 SC5 S2\" id=\"t4w_135\">7 944 </span><span class=\"S28AA SC5 S2\" id=\"t4x_135\">274 527 </span><span class=\"S28AB SC4 S2\" id=\"t4y_135\">Total depreciation </span><span class=\"S28AC SC4 S2\" id=\"t4z_135\">203 897 </span><span class=\"S28AD SC4 S2\" id=\"t50_135\">875 147 </span><span class=\"S28AE SC4 S2\" id=\"t51_135\">163 265 </span><span class=\"S28AF SC4 S2\" id=\"t52_135\">10 024 </span><span class=\"S28B0 SC4 S2\" id=\"t53_135\">1 252 334 </span><span class=\"S28B1 SC5 S2\" id=\"t54_135\">Impairment loss on \ufb01xed assets </span><span class=\"S28B2 SC5 S2\" id=\"t55_135\">6 400 </span><span class=\"S28B3 SC5 S2\" id=\"t56_135\">6 400 </span><span class=\"S28B4 SC4 S2\" id=\"t57_135\">Total impairment loss </span><span class=\"S28B5 SC4 S2\" id=\"t58_135\">0 </span><span class=\"S28B6 SC4 S2\" id=\"t59_135\">0 </span><span class=\"S28B7 SC4 S2\" id=\"t5a_135\">6 400 </span><span class=\"S28B8 SC4 S2\" id=\"t5b_135\">0 </span><span class=\"S28B9 SC4 S2\" id=\"t5c_135\">6 400 </span><span class=\"S28BB SC4 S2\" id=\"t1_136\">2022 </span><span class=\"S28BC SC4 S2\" id=\"t2_136\">Wild catch </span><span class=\"S28BD SC4 S2\" id=\"t3_136\">Farming </span><span class=\"S28BE SC4 S2\" id=\"t4_136\">VAPSD </span><span class=\"S28BF SC4 S2\" id=\"t5_136\">Elimination/ </span><span class=\"S28C0 SC4 S2\" id=\"t6_136\">unallocated </span><span class=\"S28C1 SC4 S2\" id=\"t7_136\">Total </span><span class=\"S28C2 SC5 S2\" id=\"t8_136\">External operating revenue </span><span class=\"S28C3 SC5 S2\" id=\"t9_136\">1 135 078 </span><span class=\"S28C4 SC5 S2\" id=\"ta_136\">247 973 </span><span class=\"S28C5 SC5 S2\" id=\"tb_136\">25 262 326 </span><span class=\"S28C6 SC5 S2\" id=\"tc_136\">500 </span><span class=\"S28C7 SC5 S2\" id=\"td_136\">26 645 877 </span><span class=\"S28C8 SC5 S2\" id=\"te_136\">Internal operating revenue </span><span class=\"S28C9 SC5 S2\" id=\"tf_136\">1 981 425 </span><span class=\"S28CA SC5 S2\" id=\"tg_136\">12 196 140 </span><span class=\"S28CB SC5 S2\" id=\"th_136\">241 263 </span><span class=\"S28CC SC5 S2\" id=\"ti_136\">-14 418 829 </span><span class=\"S28CD SC5 S2\" id=\"tj_136\">0 </span><span class=\"S28CE SC4 S2\" id=\"tk_136\">Total operating revenue </span><span class=\"S28CF SC4 S2\" id=\"tl_136\">3 116 503 </span><span class=\"S28D0 SC4 S2\" id=\"tm_136\">12 444 113 </span><span class=\"S28D1 SC4 S2\" id=\"tn_136\">25 503 590 </span><span class=\"S28D2 SC4 S2\" id=\"to_136\">-14 418 329 </span><span class=\"S28D3 SC4 S2\" id=\"tp_136\">26 645 877 </span><span class=\"S28D4 SC5 S2\" id=\"tq_136\">Other gains and losses </span><span class=\"S28D5 SC5 S2\" id=\"tr_136\">-3 214 </span><span class=\"S28D6 SC5 S2\" id=\"ts_136\">7 764 </span><span class=\"S28D7 SC5 S2\" id=\"tt_136\">2 112 </span><span class=\"S28D8 SC5 S2\" id=\"tu_136\">-281 </span><span class=\"S28D9 SC5 S2\" id=\"tv_136\">6 380 </span><span class=\"S28DA SC5 S2\" id=\"tw_136\">Operating expenses </span><span class=\"S28DB SC5 S2\" id=\"tx_136\">2 765 621 </span><span class=\"S28DC SC5 S2\" id=\"ty_136\">9 306 761 </span><span class=\"S28DD SC5 S2\" id=\"tz_136\">25 350 175 </span><span class=\"S28DE SC5 S2\" id=\"t10_136\">-13 965 178 </span><span class=\"S28DF SC5 S2\" id=\"t11_136\">23 457 378 </span><span class=\"S28E0 SC4 S2\" id=\"t12_136\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S28E1 SC4 S2\" id=\"t13_136\">347 667 </span><span class=\"S28E2 SC4 S2\" id=\"t14_136\">3 145 116 </span><span class=\"S28E3 SC4 S2\" id=\"t15_136\">155 527 </span><span class=\"S28E4 SC4 S2\" id=\"t16_136\">-453 431 </span><span class=\"S28E5 SC4 S2\" id=\"t17_136\">3 194 879 </span><span class=\"S28E6 SC5 S2\" id=\"t18_136\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S28E7 SC5 S2\" id=\"t19_136\">1 057 507 </span><span class=\"S28E8 SC5 S2\" id=\"t1a_136\">1 057 507 </span><span class=\"S28E9 SC5 S2\" id=\"t1b_136\">Change in fair value of loss-making contracts </span><span class=\"S28EA SC5 S2\" id=\"t1c_136\">30 659 </span><span class=\"S28EB SC5 S2\" id=\"t1d_136\">30 659 </span><span class=\"S28EC SC5 S2\" id=\"t1e_136\">Change in fair value of Fish Pool contracts </span><span class=\"S28ED SC5 S2\" id=\"t1f_136\">0 </span><span class=\"S28EE SC5 S2\" id=\"t1g_136\">Total fair value adjustments related to biological assets </span><span class=\"S28EF SC5 S2\" id=\"t1h_136\">0 </span><span class=\"S28F0 SC5 S2\" id=\"t1i_136\">1 088 166 </span><span class=\"S28F1 SC5 S2\" id=\"t1j_136\">0 </span><span class=\"S28F2 SC5 S2\" id=\"t1k_136\">0 </span><span class=\"S28F3 SC5 S2\" id=\"t1l_136\">1 088 166 </span><span class=\"S28F4 SC4 S2\" id=\"t1m_136\">Operating pro\ufb01t </span><span class=\"S28F5 SC4 S2\" id=\"t1n_136\">347 667 </span><span class=\"S28F6 SC4 S2\" id=\"t1o_136\">4 233 282 </span><span class=\"S28F7 SC4 S2\" id=\"t1p_136\">155 527 </span><span class=\"S28F8 SC4 S2\" id=\"t1q_136\">-453 431 </span><span class=\"S28F9 SC4 S2\" id=\"t1r_136\">4 283 045 </span><span class=\"S28FA SC5 S2\" id=\"t1s_136\">Pro\ufb01t from associates </span><span class=\"S28FB SC5 S2\" id=\"t1t_136\">356 </span><span class=\"S28FC SC5 S2\" id=\"t1u_136\">65 537 </span><span class=\"S28FD SC5 S2\" id=\"t1v_136\">-218 </span><span class=\"S28FE SC5 S2\" id=\"t1w_136\">65 675 </span><span class=\"S28FF SC5 S2\" id=\"t1x_136\">Net \ufb01nancial items </span><span class=\"S2900 SC5 S2\" id=\"t1y_136\">-46 037 </span><span class=\"S2901 SC5 S2\" id=\"t1z_136\">-201 733 </span><span class=\"S2902 SC5 S2\" id=\"t20_136\">-39 673 </span><span class=\"S2903 SC5 S2\" id=\"t21_136\">5 674 </span><span class=\"S2904 SC5 S2\" id=\"t22_136\">-281 769 </span><span class=\"S2905 SC4 S2\" id=\"t23_136\">Pro\ufb01t before tax </span><span class=\"S2906 SC4 S2\" id=\"t24_136\">301 986 </span><span class=\"S2907 SC4 S2\" id=\"t25_136\">4 097 086 </span><span class=\"S2908 SC4 S2\" id=\"t26_136\">115 636 </span><span class=\"S2909 SC4 S2\" id=\"t27_136\">-447 757 </span><span class=\"S290A SC4 S2\" id=\"t28_136\">4 066 951 </span><span class=\"S290B SC5 S2\" id=\"t29_136\">Tax cost </span><span class=\"S290C SC5 S2\" id=\"t2a_136\">-901 829 </span><span class=\"S290D SC4 S2\" id=\"t2b_136\">The year's result </span><span class=\"S290E SC4 S2\" id=\"t2c_136\">3 165 122 </span><span class=\"S290F SC5 S2\" id=\"t2d_136\">Operating margin before fair value adjustments </span><span class=\"S2910 SC5 S2\" id=\"t2e_136\">11.2 % </span><span class=\"S2911 SC5 S2\" id=\"t2f_136\">25.3 % </span><span class=\"S2912 SC5 S2\" id=\"t2g_136\">0.6 % </span><span class=\"S2913 SC5 S2\" id=\"t2h_136\">3.1 % </span><span class=\"S2914 SC5 S2\" id=\"t2i_136\">12.0 % </span><span class=\"S2915 SC5 S2\" id=\"t2j_136\">Catch volume (HOG) in tonnes </span><span class=\"S2916 SC5 S2\" id=\"t2k_136\">71 726 </span><span class=\"S2917 SC5 S2\" id=\"t2l_136\">71 726 </span><span class=\"S2918 SC5 S2\" id=\"t2m_136\">Harvest volume salmon and trout (GWT) </span><span class=\"S2919 SC5 S2\" id=\"t2n_136\">174 629 </span><span class=\"S291A SC5 S2\" id=\"t2o_136\">174 629 </span><span class=\"S291B SC5 S2\" id=\"t2p_136\">EBIT */kg harvested salmon and trout </span><span class=\"S291C SC5 S2\" id=\"t2q_136\">2.0 </span><span class=\"S291D SC5 S2\" id=\"t2r_136\">18.0 </span><span class=\"S291E SC5 S2\" id=\"t2s_136\">0.9 </span><span class=\"S291F SC5 S2\" id=\"t2t_136\">20.9 </span><span class=\"S2920 SC5 S2\" id=\"t2u_136\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2921 SC5 S2\" id=\"t2v_136\">4.8 </span><span class=\"S2922 SC5 S2\" id=\"t2w_136\">4.8 </span><span class=\"S2923 SC5 S2\" id=\"t2x_136\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2924 SC5 S2\" id=\"t2y_136\">18.0 </span><span class=\"S2925 SC5 S2\" id=\"t2z_136\">0.9 </span><span class=\"S2926 SC5 S2\" id=\"t30_136\">0.0 </span><span class=\"S2927 SC5 S2\" id=\"t31_136\">18.9 </span><span class=\"S2928 SC5 S2\" id=\"t32_136\">Assets excluding associates </span><span class=\"S2929 SC5 S2\" id=\"t33_136\">6 608 072 </span><span class=\"S292A SC5 S2\" id=\"t34_136\">21 370 133 </span><span class=\"S292B SC5 S2\" id=\"t35_136\">7 398 335 </span><span class=\"S292C SC5 S2\" id=\"t36_136\">260 482 </span><span class=\"S292D SC5 S2\" id=\"t37_136\">35 637 022 </span><span class=\"S292E SC5 S2\" id=\"t38_136\">Associates </span><span class=\"S292F SC5 S2\" id=\"t39_136\">22 419 </span><span class=\"S2930 SC5 S2\" id=\"t3a_136\">1 400 865 </span><span class=\"S2931 SC5 S2\" id=\"t3b_136\">1 354 </span><span class=\"S2932 SC5 S2\" id=\"t3c_136\">0 </span><span class=\"S2933 SC5 S2\" id=\"t3d_136\">1 424 638 </span><span class=\"S2934 SC4 S2\" id=\"t3e_136\">Total assets </span><span class=\"S2935 SC4 S2\" id=\"t3f_136\">6 630 491 </span><span class=\"S2936 SC4 S2\" id=\"t3g_136\">22 770 998 </span><span class=\"S2937 SC4 S2\" id=\"t3h_136\">7 399 689 </span><span class=\"S2938 SC4 S2\" id=\"t3i_136\">260 482 </span><span class=\"S2939 SC4 S2\" id=\"t3j_136\">37 061 660 </span><span class=\"S293A SC4 S2\" id=\"t3k_136\">Total liabilities </span><span class=\"S293B SC4 S2\" id=\"t3l_136\">2 986 231 </span><span class=\"S293C SC4 S2\" id=\"t3m_136\">9 727 036 </span><span class=\"S293D SC4 S2\" id=\"t3n_136\">5 142 988 </span><span class=\"S293E SC4 S2\" id=\"t3o_136\">-1 818 287 </span><span class=\"S293F SC4 S2\" id=\"t3p_136\">16 037 967 </span><span class=\"S2940 SC4 S2\" id=\"t3q_136\">NIBD </span><span class=\"S2941 SC4 S2\" id=\"t3r_136\">993 668 </span><span class=\"S2942 SC4 S2\" id=\"t3s_136\">3 283 103 </span><span class=\"S2943 SC4 S2\" id=\"t3t_136\">918 075 </span><span class=\"S2944 SC4 S2\" id=\"t3u_136\">-848 763 </span><span class=\"S2945 SC4 S2\" id=\"t3v_136\">4 346 083 </span><span class=\"S2946 SC4 S2\" id=\"t3w_136\">Net investments *** </span><span class=\"S2947 SC4 S2\" id=\"t3x_136\">210 319 </span><span class=\"S2948 SC4 S2\" id=\"t3y_136\">728 580 </span><span class=\"S2949 SC4 S2\" id=\"t3z_136\">158 043 </span><span class=\"S294A SC4 S2\" id=\"t40_136\">18 646 </span><span class=\"S294B SC4 S2\" id=\"t41_136\">1 115 588 </span><span class=\"S294C SC5 S2\" id=\"t42_136\">Depreciations on intangibles </span><span class=\"S294D SC5 S2\" id=\"t43_136\">29 137 </span><span class=\"S294E SC5 S2\" id=\"t44_136\">635 </span><span class=\"S294F SC5 S2\" id=\"t45_136\">3 787 </span><span class=\"S2950 SC5 S2\" id=\"t46_136\">0 </span><span class=\"S2951 SC5 S2\" id=\"t47_136\">33 559 </span><span class=\"S2952 SC5 S2\" id=\"t48_136\">Depreciation on right of use assets from credit institutions </span><span class=\"S2953 SC5 S2\" id=\"t49_136\">10 756 </span><span class=\"S2954 SC5 S2\" id=\"t4a_136\">183 702 </span><span class=\"S2955 SC5 S2\" id=\"t4b_136\">31 440 </span><span class=\"S2956 SC5 S2\" id=\"t4c_136\">0 </span><span class=\"S2957 SC5 S2\" id=\"t4d_136\">225 897 </span><span class=\"S2958 SC5 S2\" id=\"t4e_136\">Depreciation on \ufb01xed assets </span><span class=\"S2959 SC5 S2\" id=\"t4f_136\">164 265 </span><span class=\"S295A SC5 S2\" id=\"t4g_136\">461 730 </span><span class=\"S295B SC5 S2\" id=\"t4h_136\">112 205 </span><span class=\"S295C SC5 S2\" id=\"t4i_136\">4 223 </span><span class=\"S295D SC5 S2\" id=\"t4j_136\">742 423 </span><span class=\"S295E SC4 S2\" id=\"t4k_136\">Total depreciation exclusive RoU assets from others </span><span class=\"S295F SC4 S2\" id=\"t4l_136\">204 158 </span><span class=\"S2960 SC4 S2\" id=\"t4m_136\">646 067 </span><span class=\"S2961 SC4 S2\" id=\"t4n_136\">147 432 </span><span class=\"S2962 SC4 S2\" id=\"t4o_136\">4 223 </span><span class=\"S2963 SC4 S2\" id=\"t4p_136\">1 001 880 </span><span class=\"S2964 SC5 S2\" id=\"t4q_136\">Depreciation on right of use assets from others </span><span class=\"S2965 SC5 S2\" id=\"t4r_136\">3 381 </span><span class=\"S2966 SC5 S2\" id=\"t4s_136\">284 472 </span><span class=\"S2967 SC5 S2\" id=\"t4t_136\">28 361 </span><span class=\"S2968 SC5 S2\" id=\"t4u_136\">7 944 </span><span class=\"S2969 SC5 S2\" id=\"t4v_136\">324 159 </span><span class=\"S296A SC4 S2\" id=\"t4w_136\">Total depreciation </span><span class=\"S296B SC4 S2\" id=\"t4x_136\">207 539 </span><span class=\"S296C SC4 S2\" id=\"t4y_136\">930 539 </span><span class=\"S296D SC4 S2\" id=\"t4z_136\">175 793 </span><span class=\"S296E SC4 S2\" id=\"t50_136\">12 167 </span><span class=\"S296F SC4 S2\" id=\"t51_136\">1 326 039 </span><span class=\"S2970 SC5 S2\" id=\"t52_136\">Impairment loss on \ufb01xed assets </span><span class=\"S2971 SC5 S2\" id=\"t53_136\">0 </span><span class=\"S2972 SC4 S2\" id=\"t54_136\">Total impairment loss </span><span class=\"S2973 SC4 S2\" id=\"t55_136\">0 </span><span class=\"S2974 SC4 S2\" id=\"t56_136\">0 </span><span class=\"S2975 SC4 S2\" id=\"t57_136\">0 </span><span class=\"S2976 SC4 S2\" id=\"t58_136\">0 </span><span class=\"S2977 SC4 S2\" id=\"t59_136\">0 </span><span class=\"S2978 SAF1 S2\" id=\"t5a_136\">* </span><span class=\"S2979 SAF1 S2\" id=\"t5b_136\">Fair value adjustments related to biological assets </span><span class=\"S297A SAF1 S2\" id=\"t5c_136\">** </span><span class=\"S297B SAF1 S2\" id=\"t5d_136\">Including effect from changes in stock and corresponding elimination for internal pro\ufb01t. </span><span class=\"S297C SAF1 S2\" id=\"t5e_136\">*** Net investments consist of net addition for (1) \ufb01xed assets. (2) intangibles and (3) right-of-use assets from credit institutions. </span><span class=\"S297D SAF1 S2\" id=\"t5f_136\">Net investment is total purchase price paid for new assets minus sale price for disposed assets. </span><span class=\"S297E SAF1 S2\" id=\"t5g_136\">Right-of-use assets derived from leases with other than credit institutions are not considered to be investments. and are therefore not included. </span><span class=\"S2297 S18EC S2\" id=\"t5o_136\">NOTE 5 cont. </span><span class=\"S27F9 S18EC S2\" id=\"t5p_136\">Operating revenues and segment information </span><span class=\"S297F SC4 S2\" id=\"t1_137\">Operating revenue </span><span class=\"S2980 SC4 S2\" id=\"t2_137\">2022 </span><span class=\"S2981 SC4 S2\" id=\"t3_137\">% </span><span class=\"S2982 SC4 S2\" id=\"t4_137\">2021 </span><span class=\"S2983 SC4 S2\" id=\"t5_137\">% </span><span class=\"S2984 SC5 S2\" id=\"t6_137\">Whole salmon </span><span class=\"S2985 SC5 S2\" id=\"t7_137\">10 756 195 </span><span class=\"S2986 SC5 S2\" id=\"t8_137\">40.4 </span><span class=\"S2987 SC5 S2\" id=\"t9_137\">8 655 536 </span><span class=\"S2988 SC5 S2\" id=\"ta_137\">37.5 </span><span class=\"S2989 SC5 S2\" id=\"tb_137\">Processed salmon </span><span class=\"S298A SC5 S2\" id=\"tc_137\">7 103 589 </span><span class=\"S298B SC5 S2\" id=\"td_137\">26.7 </span><span class=\"S298C SC5 S2\" id=\"te_137\">6 645 159 </span><span class=\"S298D SC5 S2\" id=\"tf_137\">28.8 </span><span class=\"S298E SC5 S2\" id=\"tg_137\">White\ufb01sh </span><span class=\"S298F SC5 S2\" id=\"th_137\">4 533 898 </span><span class=\"S2990 SC5 S2\" id=\"ti_137\">17.0 </span><span class=\"S2991 SC5 S2\" id=\"tj_137\">3 784 408 </span><span class=\"S2992 SC5 S2\" id=\"tk_137\">16.4 </span><span class=\"S2993 SC5 S2\" id=\"tl_137\">Trout </span><span class=\"S2994 SC5 S2\" id=\"tm_137\">2 011 780 </span><span class=\"S2995 SC5 S2\" id=\"tn_137\">7.6 </span><span class=\"S2996 SC5 S2\" id=\"to_137\">1 647 734 </span><span class=\"S2997 SC5 S2\" id=\"tp_137\">7.1 </span><span class=\"S2998 SC5 S2\" id=\"tq_137\">Shell\ufb01sh </span><span class=\"S2999 SC5 S2\" id=\"tr_137\">1 073 468 </span><span class=\"S299A SC5 S2\" id=\"ts_137\">4.0 </span><span class=\"S299B SC5 S2\" id=\"tt_137\">960 916 </span><span class=\"S299C SC5 S2\" id=\"tu_137\">4.2 </span><span class=\"S299D SC5 S2\" id=\"tv_137\">Pelagic </span><span class=\"S299E SC5 S2\" id=\"tw_137\">107 909 </span><span class=\"S299F SC5 S2\" id=\"tx_137\">0.4 </span><span class=\"S29A0 SC5 S2\" id=\"ty_137\">99 259 </span><span class=\"S29A1 SC5 S2\" id=\"tz_137\">0.4 </span><span class=\"S29A2 SC5 S2\" id=\"t10_137\">Other </span><span class=\"S29A3 SC5 S2\" id=\"t11_137\">1 059 040 </span><span class=\"S29A4 SC5 S2\" id=\"t12_137\">4.0 </span><span class=\"S29A5 SC5 S2\" id=\"t13_137\">1 280 268 </span><span class=\"S29A6 SC5 S2\" id=\"t14_137\">5.5 </span><span class=\"S29A7 SC4 S2\" id=\"t15_137\">Total operating revenue </span><span class=\"S29A8 SC4 S2\" id=\"t16_137\">26 645 877 </span><span class=\"S29A9 SC4 S2\" id=\"t17_137\">100.0 </span><span class=\"S29AA SC4 S2\" id=\"t18_137\">23 073 280 </span><span class=\"S29AB SC4 S2\" id=\"t19_137\">100.0 </span><span class=\"S29AC SC4 S2\" id=\"t1a_137\">Information on product area </span><span class=\"S29AD SC5 S2\" id=\"t1b_137\">Operating revenue in NOK by product area </span><span class=\"S29AE SC4 S2\" id=\"t1c_137\">2021 </span><span class=\"S29AF SC4 S2\" id=\"t1d_137\">North region </span><span class=\"S29B0 SC4 S2\" id=\"t1e_137\">(Ler\u00f8y </span><span class=\"S29B1 SC4 S2\" id=\"t1f_137\">Aurora) </span><span class=\"S29B2 SC4 S2\" id=\"t1g_137\">Central </span><span class=\"S29B3 SC4 S2\" id=\"t1h_137\">region (Ler\u00f8y </span><span class=\"S29B4 SC4 S2\" id=\"t1i_137\">Midt) </span><span class=\"S29B5 SC4 S2\" id=\"t1j_137\">West region </span><span class=\"S29B6 SC4 S2\" id=\"t1k_137\">(Ler\u00f8y </span><span class=\"S29B7 SC4 S2\" id=\"t1l_137\">Sj\u00f8troll) </span><span class=\"S29B8 SC4 S2\" id=\"t1m_137\">Elimination </span><span class=\"S29B9 SC4 S2\" id=\"t1n_137\">(group </span><span class=\"S29BA SC4 S2\" id=\"t1o_137\">purchases/ </span><span class=\"S29BB SC4 S2\" id=\"t1p_137\">sales) </span><span class=\"S29BC SC4 S2\" id=\"t1q_137\">Total </span><span class=\"S29BD SC4 S2\" id=\"t1r_137\">Farming </span><span class=\"S29BE SC5 S2\" id=\"t1s_137\">External operating revenue </span><span class=\"S29BF SC5 S2\" id=\"t1t_137\">228 506 </span><span class=\"S29C0 SC5 S2\" id=\"t1u_137\">63 096 </span><span class=\"S29C1 SC5 S2\" id=\"t1v_137\">31 735 </span><span class=\"S29C2 SC5 S2\" id=\"t1w_137\">323 337 </span><span class=\"S29C3 SC5 S2\" id=\"t1x_137\">Internal operating revenue </span><span class=\"S29C4 SC5 S2\" id=\"t1y_137\">2 312 241 </span><span class=\"S29C5 SC5 S2\" id=\"t1z_137\">4 078 011 </span><span class=\"S29C6 SC5 S2\" id=\"t20_137\">3 881 614 </span><span class=\"S29C7 SC5 S2\" id=\"t21_137\">-91 805 </span><span class=\"S29C8 SC5 S2\" id=\"t22_137\">10 180 062 </span><span class=\"S29C9 SC4 S2\" id=\"t23_137\">Total operating revenue </span><span class=\"S29CA SC4 S2\" id=\"t24_137\">2 540 748 </span><span class=\"S29CB SC4 S2\" id=\"t25_137\">4 141 107 </span><span class=\"S29CC SC4 S2\" id=\"t26_137\">3 913 350 </span><span class=\"S29CD SC4 S2\" id=\"t27_137\">-91 805 </span><span class=\"S29CE SC4 S2\" id=\"t28_137\">10 503 400 </span><span class=\"S29CF SC5 S2\" id=\"t29_137\">Other gains and losses </span><span class=\"S29D0 SC5 S2\" id=\"t2a_137\">0 </span><span class=\"S29D1 SC5 S2\" id=\"t2b_137\">1 351 </span><span class=\"S29D2 SC5 S2\" id=\"t2c_137\">5 857 </span><span class=\"S29D3 SC5 S2\" id=\"t2d_137\">0 </span><span class=\"S29D4 SC5 S2\" id=\"t2e_137\">7 210 </span><span class=\"S29D5 SC5 S2\" id=\"t2f_137\">Operating expenses </span><span class=\"S29D6 SC5 S2\" id=\"t2g_137\">2 095 859 </span><span class=\"S29D7 SC5 S2\" id=\"t2h_137\">3 304 811 </span><span class=\"S29D8 SC5 S2\" id=\"t2i_137\">3 435 083 </span><span class=\"S29D9 SC5 S2\" id=\"t2j_137\">-92 875 </span><span class=\"S29DA SC5 S2\" id=\"t2k_137\">8 742 880 </span><span class=\"S29DB SC4 S2\" id=\"t2l_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S29DC SC4 S2\" id=\"t2m_137\">444 888 </span><span class=\"S29DD SC4 S2\" id=\"t2n_137\">837 647 </span><span class=\"S29DE SC4 S2\" id=\"t2o_137\">484 124 </span><span class=\"S29DF SC4 S2\" id=\"t2p_137\">1 070 </span><span class=\"S29E0 SC4 S2\" id=\"t2q_137\">1 767 730 </span><span class=\"S29E1 SC5 S2\" id=\"t2r_137\">Volume salmon (GWT)* </span><span class=\"S29E2 SC5 S2\" id=\"t2s_137\">43 963 </span><span class=\"S29E3 SC5 S2\" id=\"t2t_137\">72 623 </span><span class=\"S29E4 SC5 S2\" id=\"t2u_137\">44 956 </span><span class=\"S29E5 SC5 S2\" id=\"t2v_137\">161 542 </span><span class=\"S29E6 SC5 S2\" id=\"t2w_137\">Volume trout (GWT) </span><span class=\"S29E7 SC5 S2\" id=\"t2x_137\">25 093 </span><span class=\"S29E8 SC5 S2\" id=\"t2y_137\">25 093 </span><span class=\"S29E9 SC4 S2\" id=\"t2z_137\">Total volume </span><span class=\"S29EA SC4 S2\" id=\"t30_137\">43 963 </span><span class=\"S29EB SC4 S2\" id=\"t31_137\">72 623 </span><span class=\"S29EC SC4 S2\" id=\"t32_137\">70 049 </span><span class=\"S29ED SC4 S2\" id=\"t33_137\">186 635 </span><span class=\"S29EE SC4 S2\" id=\"t34_137\">EBIT/kg ** </span><span class=\"S29EF SC4 S2\" id=\"t35_137\">10.1 </span><span class=\"S29F0 SC4 S2\" id=\"t36_137\">11.5 </span><span class=\"S29F1 SC4 S2\" id=\"t37_137\">6.9 </span><span class=\"S29F2 SC4 S2\" id=\"t38_137\">0.0 </span><span class=\"S29F3 SC4 S2\" id=\"t39_137\">9.5 </span><span class=\"S29F4 SC4 S2\" id=\"t3a_137\">2022 </span><span class=\"S29F5 SC4 S2\" id=\"t3b_137\">North region </span><span class=\"S29F6 SC4 S2\" id=\"t3c_137\">(Ler\u00f8y </span><span class=\"S29F7 SC4 S2\" id=\"t3d_137\">Aurora) </span><span class=\"S29F8 SC4 S2\" id=\"t3e_137\">Central </span><span class=\"S29F9 SC4 S2\" id=\"t3f_137\">region (Ler\u00f8y </span><span class=\"S29FA SC4 S2\" id=\"t3g_137\">Midt) </span><span class=\"S29FB SC4 S2\" id=\"t3h_137\">West region </span><span class=\"S29FC SC4 S2\" id=\"t3i_137\">(Ler\u00f8y </span><span class=\"S29FD SC4 S2\" id=\"t3j_137\">Sj\u00f8troll) </span><span class=\"S29FE SC4 S2\" id=\"t3k_137\">Elimination </span><span class=\"S29FF SC4 S2\" id=\"t3l_137\">(group </span><span class=\"S2A00 SC4 S2\" id=\"t3m_137\">purchases/ </span><span class=\"S2A01 SC4 S2\" id=\"t3n_137\">sales) </span><span class=\"S2A02 SC4 S2\" id=\"t3o_137\">Total </span><span class=\"S2A03 SC4 S2\" id=\"t3p_137\">Farming </span><span class=\"S2A04 SC5 S2\" id=\"t3q_137\">External operating revenue </span><span class=\"S2A05 SC5 S2\" id=\"t3r_137\">115 552 </span><span class=\"S2A06 SC5 S2\" id=\"t3s_137\">63 927 </span><span class=\"S2A07 SC5 S2\" id=\"t3t_137\">68 494 </span><span class=\"S2A08 SC5 S2\" id=\"t3u_137\">247 973 </span><span class=\"S2A09 SC5 S2\" id=\"t3v_137\">Internal operating revenue </span><span class=\"S2A0A SC5 S2\" id=\"t3w_137\">2 682 656 </span><span class=\"S2A0B SC5 S2\" id=\"t3x_137\">4 954 440 </span><span class=\"S2A0C SC5 S2\" id=\"t3y_137\">4 624 657 </span><span class=\"S2A0D SC5 S2\" id=\"t3z_137\">-65 612 </span><span class=\"S2A0E SC5 S2\" id=\"t40_137\">12 196 140 </span><span class=\"S2A0F SC4 S2\" id=\"t41_137\">Total operating revenue </span><span class=\"S2A10 SC4 S2\" id=\"t42_137\">2 798 208 </span><span class=\"S2A11 SC4 S2\" id=\"t43_137\">5 018 367 </span><span class=\"S2A12 SC4 S2\" id=\"t44_137\">4 693 151 </span><span class=\"S2A13 SC4 S2\" id=\"t45_137\">-65 612 </span><span class=\"S2A14 SC4 S2\" id=\"t46_137\">12 444 113 </span><span class=\"S2A15 SC5 S2\" id=\"t47_137\">Other gains and losses </span><span class=\"S2A16 SC5 S2\" id=\"t48_137\">350 </span><span class=\"S2A17 SC5 S2\" id=\"t49_137\">3 006 </span><span class=\"S2A18 SC5 S2\" id=\"t4a_137\">4 407 </span><span class=\"S2A19 SC5 S2\" id=\"t4b_137\">7 764 </span><span class=\"S2A1A SC5 S2\" id=\"t4c_137\">Operating expenses </span><span class=\"S2A1B SC5 S2\" id=\"t4d_137\">2 058 409 </span><span class=\"S2A1C SC5 S2\" id=\"t4e_137\">3 547 305 </span><span class=\"S2A1D SC5 S2\" id=\"t4f_137\">3 769 491 </span><span class=\"S2A1E SC5 S2\" id=\"t4g_137\">-68 445 </span><span class=\"S2A1F SC5 S2\" id=\"t4h_137\">9 306 761 </span><span class=\"S2A20 SC4 S2\" id=\"t4i_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S2A21 SC4 S2\" id=\"t4j_137\">740 149 </span><span class=\"S2A22 SC4 S2\" id=\"t4k_137\">1 474 068 </span><span class=\"S2A23 SC4 S2\" id=\"t4l_137\">928 067 </span><span class=\"S2A24 SC4 S2\" id=\"t4m_137\">2 833 </span><span class=\"S2A25 SC4 S2\" id=\"t4n_137\">3 145 116 </span><span class=\"S2A26 SC5 S2\" id=\"t4o_137\">Volume salmon (GWT)* </span><span class=\"S2A27 SC5 S2\" id=\"t4p_137\">40 109 </span><span class=\"S2A28 SC5 S2\" id=\"t4q_137\">68 793 </span><span class=\"S2A29 SC5 S2\" id=\"t4r_137\">43 040 </span><span class=\"S2A2A SC5 S2\" id=\"t4s_137\">151 942 </span><span class=\"S2A2B SC5 S2\" id=\"t4t_137\">Volume trout (GWT) </span><span class=\"S2A2C SC5 S2\" id=\"t4u_137\">22 687 </span><span class=\"S2A2D SC5 S2\" id=\"t4v_137\">22 687 </span><span class=\"S2A2E SC4 S2\" id=\"t4w_137\">Total volume </span><span class=\"S2A2F SC4 S2\" id=\"t4x_137\">40 109 </span><span class=\"S2A30 SC4 S2\" id=\"t4y_137\">68 793 </span><span class=\"S2A31 SC4 S2\" id=\"t4z_137\">65 727 </span><span class=\"S2A32 SC4 S2\" id=\"t50_137\">174 629 </span><span class=\"S2A33 SC4 S2\" id=\"t51_137\">EBIT/kg ** </span><span class=\"S2A34 SC4 S2\" id=\"t52_137\">18.5 </span><span class=\"S2A35 SC4 S2\" id=\"t53_137\">21.4 </span><span class=\"S2A36 SC4 S2\" id=\"t54_137\">14.1 </span><span class=\"S2A37 SC4 S2\" id=\"t55_137\">0.0 </span><span class=\"S2A38 SC4 S2\" id=\"t56_137\">18.0 </span><span class=\"S2A39 SAF1 S2\" id=\"t57_137\">* GWT = Gutted weight in tonnes </span><span class=\"S2A3A SAF1 S2\" id=\"t58_137\">** Before fair value adjustments related to biological assets </span><span class=\"S2A3B SC7 S2\" id=\"t59_137\">Speci\ufb01cation per region within Farming </span><span class=\"S2A3D SC4 S2\" id=\"t1_138\">Operating revenue </span><span class=\"S2A3E SC4 S2\" id=\"t2_138\">2022 </span><span class=\"S2A3F SC4 S2\" id=\"t3_138\">% </span><span class=\"S2A40 SC4 S2\" id=\"t4_138\">2021 </span><span class=\"S2A41 SC4 S2\" id=\"t5_138\">% </span><span class=\"S2A42 SC5 S2\" id=\"t6_138\">NOK </span><span class=\"S2A43 SC5 S2\" id=\"t7_138\">8 540 963 </span><span class=\"S2A44 SC5 S2\" id=\"t8_138\">32.1 </span><span class=\"S2A45 SC5 S2\" id=\"t9_138\">4 104 922 </span><span class=\"S2A46 SC5 S2\" id=\"ta_138\">17.8 </span><span class=\"S2A47 SC5 S2\" id=\"tb_138\">SEK </span><span class=\"S2A48 SC5 S2\" id=\"tc_138\">1 042 588 </span><span class=\"S2A49 SC5 S2\" id=\"td_138\">3.9 </span><span class=\"S2A4A SC5 S2\" id=\"te_138\">1 356 456 </span><span class=\"S2A4B SC5 S2\" id=\"tf_138\">5.9 </span><span class=\"S2A4C SC5 S2\" id=\"tg_138\">DKK </span><span class=\"S2A4D SC5 S2\" id=\"th_138\">476 661 </span><span class=\"S2A4E SC5 S2\" id=\"ti_138\">1.8 </span><span class=\"S2A4F SC5 S2\" id=\"tj_138\">542 686 </span><span class=\"S2A50 SC5 S2\" id=\"tk_138\">2.4 </span><span class=\"S2A51 SC5 S2\" id=\"tl_138\">GBP </span><span class=\"S2A52 SC5 S2\" id=\"tm_138\">215 113 </span><span class=\"S2A53 SC5 S2\" id=\"tn_138\">0.8 </span><span class=\"S2A54 SC5 S2\" id=\"to_138\">286 593 </span><span class=\"S2A55 SC5 S2\" id=\"tp_138\">1.2 </span><span class=\"S2A56 SC5 S2\" id=\"tq_138\">EUR </span><span class=\"S2A57 SC5 S2\" id=\"tr_138\">10 641 559 </span><span class=\"S2A58 SC5 S2\" id=\"ts_138\">39.9 </span><span class=\"S2A59 SC5 S2\" id=\"tt_138\">11 307 533 </span><span class=\"S2A5A SC5 S2\" id=\"tu_138\">49.0 </span><span class=\"S2A5B SC5 S2\" id=\"tv_138\">USD </span><span class=\"S2A5C SC5 S2\" id=\"tw_138\">4 360 101 </span><span class=\"S2A5D SC5 S2\" id=\"tx_138\">16.4 </span><span class=\"S2A5E SC5 S2\" id=\"ty_138\">4 226 584 </span><span class=\"S2A5F SC5 S2\" id=\"tz_138\">18.3 </span><span class=\"S2A60 SC5 S2\" id=\"t10_138\">JPY </span><span class=\"S2A61 SC5 S2\" id=\"t11_138\">1 028 364 </span><span class=\"S2A62 SC5 S2\" id=\"t12_138\">3.9 </span><span class=\"S2A63 SC5 S2\" id=\"t13_138\">996 289 </span><span class=\"S2A64 SC5 S2\" id=\"t14_138\">4.3 </span><span class=\"S2A65 SC5 S2\" id=\"t15_138\">Other currency </span><span class=\"S2A66 SC5 S2\" id=\"t16_138\">340 529 </span><span class=\"S2A67 SC5 S2\" id=\"t17_138\">1.3 </span><span class=\"S2A68 SC5 S2\" id=\"t18_138\">252 217 </span><span class=\"S2A69 SC5 S2\" id=\"t19_138\">1.1 </span><span class=\"S2A6A SC4 S2\" id=\"t1a_138\">Total operating revenue </span><span class=\"S2A6B SC4 S2\" id=\"t1b_138\">26 645 877 </span><span class=\"S2A6C SC4 S2\" id=\"t1c_138\">100.0 </span><span class=\"S2A6D SC4 S2\" id=\"t1d_138\">23 073 280 </span><span class=\"S2A6E SC4 S2\" id=\"t1e_138\">100.0 </span><span class=\"S2A6F SC5 S2\" id=\"t1f_138\">Sales in foreign currency from Group companies in Norway normally take place at an approximate transaction rate (week rates). However, </span><span class=\"S2A70 SC5 S2\" id=\"t1g_138\">contractual sales are hedged and the sales revenue is adjusted with the effect from the currency forward contracts. Sales from foreign Group </span><span class=\"S2A71 SC5 S2\" id=\"t1h_138\">companies in foreign currency are in principle translated to NOK on the basis of the accumulated monthly average exchange rate in the </span><span class=\"S2A72 SC5 S2\" id=\"t1i_138\">accounting period. </span><span class=\"S2A73 SC4 S2\" id=\"t1j_138\">Operating revenue </span><span class=\"S2A74 SC4 S2\" id=\"t1k_138\">2022 </span><span class=\"S2A75 SC4 S2\" id=\"t1l_138\">% </span><span class=\"S2A76 SC4 S2\" id=\"t1m_138\">2021 </span><span class=\"S2A77 SC4 S2\" id=\"t1n_138\">% </span><span class=\"S2A78 SC5 S2\" id=\"t1o_138\">EU </span><span class=\"S2A79 SC5 S2\" id=\"t1p_138\">14 517 993 </span><span class=\"S2A7A SC5 S2\" id=\"t1q_138\">54.5 </span><span class=\"S2A7B SC5 S2\" id=\"t1r_138\">12 331 718 </span><span class=\"S2A7C SC5 S2\" id=\"t1s_138\">53.4 </span><span class=\"S2A7D SC5 S2\" id=\"t1t_138\">Norway </span><span class=\"S2A7E SC5 S2\" id=\"t1u_138\">4 525 572 </span><span class=\"S2A7F SC5 S2\" id=\"t1v_138\">17.0 </span><span class=\"S2A80 SC5 S2\" id=\"t1w_138\">4 092 113 </span><span class=\"S2A81 SC5 S2\" id=\"t1x_138\">17.7 </span><span class=\"S2A82 SC5 S2\" id=\"t1y_138\">Asia </span><span class=\"S2A83 SC5 S2\" id=\"t1z_138\">4 543 804 </span><span class=\"S2A84 SC5 S2\" id=\"t20_138\">17.1 </span><span class=\"S2A85 SC5 S2\" id=\"t21_138\">3 731 470 </span><span class=\"S2A86 SC5 S2\" id=\"t22_138\">16.2 </span><span class=\"S2A87 SC5 S2\" id=\"t23_138\">USA &amp; Canada </span><span class=\"S2A88 SC5 S2\" id=\"t24_138\">1 307 861 </span><span class=\"S2A89 SC5 S2\" id=\"t25_138\">4.9 </span><span class=\"S2A8A SC5 S2\" id=\"t26_138\">1 108 699 </span><span class=\"S2A8B SC5 S2\" id=\"t27_138\">4.8 </span><span class=\"S2A8C SC5 S2\" id=\"t28_138\">Rest of Europe </span><span class=\"S2A8D SC5 S2\" id=\"t29_138\">1 536 227 </span><span class=\"S2A8E SC5 S2\" id=\"t2a_138\">5.8 </span><span class=\"S2A8F SC5 S2\" id=\"t2b_138\">1 655 344 </span><span class=\"S2A90 SC5 S2\" id=\"t2c_138\">7.2 </span><span class=\"S2A91 SC5 S2\" id=\"t2d_138\">Other </span><span class=\"S2A92 SC5 S2\" id=\"t2e_138\">214 421 </span><span class=\"S2A93 SC5 S2\" id=\"t2f_138\">0.8 </span><span class=\"S2A94 SC5 S2\" id=\"t2g_138\">153 937 </span><span class=\"S2A95 SC5 S2\" id=\"t2h_138\">0.7 </span><span class=\"S2A96 SC4 S2\" id=\"t2i_138\">Total operating revenue </span><span class=\"S2A97 SC4 S2\" id=\"t2j_138\">26 645 877 </span><span class=\"S2A98 SC4 S2\" id=\"t2k_138\">100.0 </span><span class=\"S2A99 SC4 S2\" id=\"t2l_138\">23 073 280 </span><span class=\"S2A9A SC4 S2\" id=\"t2m_138\">100.0 </span><span class=\"S2A9B SC4 S2\" id=\"t2n_138\">Assets </span><span class=\"S2A9C SC4 S2\" id=\"t2o_138\">2022 </span><span class=\"S2A9D SC4 S2\" id=\"t2p_138\">% </span><span class=\"S2A9E SC4 S2\" id=\"t2q_138\">2021 </span><span class=\"S2A9F SC4 S2\" id=\"t2r_138\">% </span><span class=\"S2AA0 SC5 S2\" id=\"t2s_138\">Norway * </span><span class=\"S2AA1 SC5 S2\" id=\"t2t_138\">33 416 210 </span><span class=\"S2AA2 SC5 S2\" id=\"t2u_138\">90.2 </span><span class=\"S2AA3 SC5 S2\" id=\"t2v_138\">31 380 808 </span><span class=\"S2AA4 SC5 S2\" id=\"t2w_138\">91.8 </span><span class=\"S2AA5 SC5 S2\" id=\"t2x_138\">EU </span><span class=\"S2AA6 SC5 S2\" id=\"t2y_138\">3 447 441 </span><span class=\"S2AA7 SC5 S2\" id=\"t2z_138\">9.3 </span><span class=\"S2AA8 SC5 S2\" id=\"t30_138\">2 666 726 </span><span class=\"S2AA9 SC5 S2\" id=\"t31_138\">7.8 </span><span class=\"S2AAA SC5 S2\" id=\"t32_138\">Other countries </span><span class=\"S2AAB SC5 S2\" id=\"t33_138\">198 009 </span><span class=\"S2AAC SC5 S2\" id=\"t34_138\">0.5 </span><span class=\"S2AAD SC5 S2\" id=\"t35_138\">146 174 </span><span class=\"S2AAE SC5 S2\" id=\"t36_138\">0.4 </span><span class=\"S2AAF SC4 S2\" id=\"t37_138\">Total assets </span><span class=\"S2AB0 SC4 S2\" id=\"t38_138\">37 061 660 </span><span class=\"S2AB1 SC4 S2\" id=\"t39_138\">100.0 </span><span class=\"S2AB2 SC4 S2\" id=\"t3a_138\">34 193 708 </span><span class=\"S2AB3 SC4 S2\" id=\"t3b_138\">100.0 </span><span class=\"S2AB4 SAF1 S2\" id=\"t3c_138\">* Most of the trade receivables in the subsidiary Ler\u00f8y Seafood AS are from customers abroad. At year-end (year end previous year) this amounted </span><span class=\"S2AB5 SAF1 S2\" id=\"t3d_138\">to NOK 1,137,881 out of NOK 1,378,330 (NOK 988,595 out of NOK 1,130,311). Most of the trade receivables are covered by credit insurance. </span><span class=\"S2AB6 SC4 S2\" id=\"t3e_138\">Net investments </span><span class=\"S2AB7 SC4 S2\" id=\"t3f_138\">2022 </span><span class=\"S2AB8 SC4 S2\" id=\"t3g_138\">% </span><span class=\"S2AB9 SC4 S2\" id=\"t3h_138\">2021 </span><span class=\"S2ABA SC4 S2\" id=\"t3i_138\">% </span><span class=\"S2ABB SC5 S2\" id=\"t3j_138\">Norway </span><span class=\"S2ABC SC5 S2\" id=\"t3k_138\">978 780 </span><span class=\"S2ABD SC5 S2\" id=\"t3l_138\">87.7 </span><span class=\"S2ABE SC5 S2\" id=\"t3m_138\">1 083 482 </span><span class=\"S2ABF SC5 S2\" id=\"t3n_138\">91.6 </span><span class=\"S2AC0 SC5 S2\" id=\"t3o_138\">EU </span><span class=\"S2AC1 SC5 S2\" id=\"t3p_138\">135 649 </span><span class=\"S2AC2 SC5 S2\" id=\"t3q_138\">12.2 </span><span class=\"S2AC3 SC5 S2\" id=\"t3r_138\">98 787 </span><span class=\"S2AC4 SC5 S2\" id=\"t3s_138\">8.4 </span><span class=\"S2AC5 SC5 S2\" id=\"t3t_138\">Other countries </span><span class=\"S2AC6 SC5 S2\" id=\"t3u_138\">1 159 </span><span class=\"S2AC7 SC5 S2\" id=\"t3v_138\">0.1 </span><span class=\"S2AC8 SC5 S2\" id=\"t3w_138\">169 </span><span class=\"S2AC9 SC5 S2\" id=\"t3x_138\">0.0 </span><span class=\"S2ACA SC4 S2\" id=\"t3y_138\">Total assets </span><span class=\"S2ACB SC4 S2\" id=\"t3z_138\">1 115 588 </span><span class=\"S2ACC SC4 S2\" id=\"t40_138\">100.0 </span><span class=\"S2ACD SC4 S2\" id=\"t41_138\">1 182 438 </span><span class=\"S2ACE SC4 S2\" id=\"t42_138\">100.0 </span><span class=\"S2ACF SC4 S2\" id=\"t43_138\">Information on currency </span><span class=\"S2AD0 SC5 S2\" id=\"t44_138\">Operating revenue in NOK by currency </span><span class=\"S2AD1 SC4 S2\" id=\"t45_138\">Information on geographic areas </span><span class=\"S2AD2 SC5 S2\" id=\"t46_138\">Sales are allocated to the customers\u2019 home country. Assets and investments are distributed according to geographical location. </span><span class=\"S2AD3 SC4 S2\" id=\"t1_139\">Considerations paid </span><span class=\"S2AD4 SC4 S2\" id=\"t2_139\">2022 </span><span class=\"S2AD5 SC4 S2\" id=\"t3_139\">2021 </span><span class=\"S2AD6 SC5 S2\" id=\"t4_139\">Ler\u00f8y Vest Kraft AS (100 %) </span><span class=\"S2AD7 SC5 S2\" id=\"t5_139\">Business combination </span><span class=\"S2AD8 SC5 S2\" id=\"t6_139\">9 775 </span><span class=\"S2AD9 SC5 S2\" id=\"t7_139\">Ler\u00f8y Seafood Denmark A/S (44 %) </span><span class=\"S2ADA SC5 S2\" id=\"t8_139\">Business combination </span><span class=\"S2ADB SC5 S2\" id=\"t9_139\">49 117 </span><span class=\"S2ADC SC5 S2\" id=\"ta_139\">157 722 </span><span class=\"S2ADD SC5 S2\" id=\"tb_139\">Ler\u00f8y Seafood Denmark A/S (Wannebo International AS) </span><span class=\"S2ADE SC5 S2\" id=\"tc_139\">Redemption of non-controlling interests in sub-group </span><span class=\"S2ADF SC5 S2\" id=\"td_139\">6 064 </span><span class=\"S2AE0 SC5 S2\" id=\"te_139\">S\u00f8r\u00f8ya Isanlegg AS (77 %) </span><span class=\"S2AE1 SC5 S2\" id=\"tf_139\">Business combination </span><span class=\"S2AE2 SC5 S2\" id=\"tg_139\">900 </span><span class=\"S2AE3 SC5 S2\" id=\"th_139\">Drag\u00f8y Grossist AS (17 %) </span><span class=\"S2AE4 SC5 S2\" id=\"ti_139\">Business combination </span><span class=\"S2AE5 SC5 S2\" id=\"tj_139\">2 800 </span><span class=\"S2AE6 SC5 S2\" id=\"tk_139\">Ler\u00f8y \u00c5rskog AS (100 %) </span><span class=\"S2AE7 SC5 S2\" id=\"tl_139\">Business combination </span><span class=\"S2AE8 SC5 S2\" id=\"tm_139\">38 868 </span><span class=\"S2AE9 SC4 S2\" id=\"tn_139\">Total cash \ufb02ow out </span><span class=\"S2AEA SC4 S2\" id=\"to_139\">58 892 </span><span class=\"S2AEB SC4 S2\" id=\"tp_139\">206 354 </span><span class=\"S2AEC SC4 S2\" id=\"tq_139\">Purchase price allocation and acquisition balance sheet </span><span class=\"S2AED SC4 S2\" id=\"tr_139\">Reported </span><span class=\"S2AEE SC4 S2\" id=\"ts_139\">values of </span><span class=\"S2AEF SC4 S2\" id=\"tt_139\">acquired </span><span class=\"S2AF0 SC4 S2\" id=\"tu_139\">entity </span><span class=\"S2AF1 SC4 S2\" id=\"tv_139\">Identi\ufb01ed </span><span class=\"S2AF2 SC4 S2\" id=\"tw_139\">added </span><span class=\"S2AF3 SC4 S2\" id=\"tx_139\">(or negative) </span><span class=\"S2AF4 SC4 S2\" id=\"ty_139\">value </span><span class=\"S2AF5 SC4 S2\" id=\"tz_139\">Fair value at </span><span class=\"S2AF6 SC4 S2\" id=\"t10_139\">time for </span><span class=\"S2AF7 SC4 S2\" id=\"t11_139\">acquisition </span><span class=\"S2AF8 SC4 S2\" id=\"t12_139\">Goodwill </span><span class=\"S2AF9 SC4 S2\" id=\"t13_139\">Acquisition </span><span class=\"S2AFA SC4 S2\" id=\"t14_139\">balance </span><span class=\"S2AFB SC4 S2\" id=\"t15_139\">sheet </span><span class=\"S2AFC SC5 S2\" id=\"t16_139\">Other rights and permits </span><span class=\"S2AFD SC5 S2\" id=\"t17_139\">0 </span><span class=\"S2AFE SC5 S2\" id=\"t18_139\">6 410 </span><span class=\"S2AFF SC5 S2\" id=\"t19_139\">6 410 </span><span class=\"S2B00 SC5 S2\" id=\"t1a_139\">6 410 </span><span class=\"S2B01 SC5 S2\" id=\"t1b_139\">Goodwill </span><span class=\"S2B02 SC5 S2\" id=\"t1c_139\">0 </span><span class=\"S2B03 SC5 S2\" id=\"t1d_139\">0 </span><span class=\"S2B04 SC5 S2\" id=\"t1e_139\">0 </span><span class=\"S2B05 SC5 S2\" id=\"t1f_139\">Fixed assets </span><span class=\"S2B06 SC5 S2\" id=\"t1g_139\">0 </span><span class=\"S2B07 SC5 S2\" id=\"t1h_139\">5 769 </span><span class=\"S2B08 SC5 S2\" id=\"t1i_139\">5 769 </span><span class=\"S2B09 SC5 S2\" id=\"t1j_139\">5 769 </span><span class=\"S2B0A SC5 S2\" id=\"t1k_139\">Short-term receivables </span><span class=\"S2B0B SC5 S2\" id=\"t1l_139\">52 </span><span class=\"S2B0C SC5 S2\" id=\"t1m_139\">52 </span><span class=\"S2B0D SC5 S2\" id=\"t1n_139\">52 </span><span class=\"S2B0E SC5 S2\" id=\"t1o_139\">Cash in bank </span><span class=\"S2B0F SC5 S2\" id=\"t1p_139\">223 </span><span class=\"S2B10 SC5 S2\" id=\"t1q_139\">223 </span><span class=\"S2B11 SC5 S2\" id=\"t1r_139\">223 </span><span class=\"S2B12 SC4 S2\" id=\"t1s_139\">Total assets </span><span class=\"S2B13 SC4 S2\" id=\"t1t_139\">275 </span><span class=\"S2B14 SC4 S2\" id=\"t1u_139\">12 180 </span><span class=\"S2B15 SC4 S2\" id=\"t1v_139\">12 455 </span><span class=\"S2B16 SC4 S2\" id=\"t1w_139\">0 </span><span class=\"S2B17 SC4 S2\" id=\"t1x_139\">12 455 </span><span class=\"S2B18 SC5 S2\" id=\"t1y_139\">Equity </span><span class=\"S2B19 SC5 S2\" id=\"t1z_139\">275 </span><span class=\"S2B1A SC5 S2\" id=\"t20_139\">9 500 </span><span class=\"S2B1B SC5 S2\" id=\"t21_139\">9 775 </span><span class=\"S2B1C SC5 S2\" id=\"t22_139\">9 775 </span><span class=\"S2B1D SC5 S2\" id=\"t23_139\">Deferred tax </span><span class=\"S2B1E SC5 S2\" id=\"t24_139\">0 </span><span class=\"S2B1F SC5 S2\" id=\"t25_139\">2 680 </span><span class=\"S2B20 SC5 S2\" id=\"t26_139\">2 680 </span><span class=\"S2B21 SC5 S2\" id=\"t27_139\">2 680 </span><span class=\"S2B22 SC5 S2\" id=\"t28_139\">Current liabilities </span><span class=\"S2B23 SC5 S2\" id=\"t29_139\">0 </span><span class=\"S2B24 SC5 S2\" id=\"t2a_139\">0 </span><span class=\"S2B25 SC5 S2\" id=\"t2b_139\">0 </span><span class=\"S2B26 SC4 S2\" id=\"t2c_139\">Total equity and liabilities </span><span class=\"S2B27 SC4 S2\" id=\"t2d_139\">275 </span><span class=\"S2B28 SC4 S2\" id=\"t2e_139\">12 180 </span><span class=\"S2B29 SC4 S2\" id=\"t2f_139\">12 455 </span><span class=\"S2B2A SC4 S2\" id=\"t2g_139\">0 </span><span class=\"S2B2B SC4 S2\" id=\"t2h_139\">12 455 </span><span class=\"S2B2C SC4 S2\" id=\"t2i_139\">NIBD (+) </span><span class=\"S2B2D SC4 S2\" id=\"t2j_139\">-223 </span><span class=\"S2B2E SC4 S2\" id=\"t2k_139\">0 </span><span class=\"S2B2F SC4 S2\" id=\"t2l_139\">-223 </span><span class=\"S2B30 SC4 S2\" id=\"t2m_139\">0 </span><span class=\"S2B31 SC4 S2\" id=\"t2n_139\">-223 </span><span class=\"S2B32 SC4 S2\" id=\"t2o_139\">Acquisition analysis </span><span class=\"S2B33 SC4 S2\" id=\"t2p_139\">100 % </span><span class=\"S2B34 SC5 S2\" id=\"t2q_139\">Recognised equity in acquired entity </span><span class=\"S2B35 SC5 S2\" id=\"t2r_139\">275 </span><span class=\"S2B36 SC5 S2\" id=\"t2s_139\">Net identi\ufb01ed added value in the aquired entity </span><span class=\"S2B37 SC5 S2\" id=\"t2t_139\">9 500 </span><span class=\"S2B38 SC4 S2\" id=\"t2u_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B39 SC4 S2\" id=\"t2v_139\">9 775 </span><span class=\"S2B3A SC4 S2\" id=\"t2w_139\">Calculation of goodwill </span><span class=\"S2B3B SC4 S2\" id=\"t2x_139\">100 % </span><span class=\"S2B3C SC5 S2\" id=\"t2y_139\">Consideration paid to seller </span><span class=\"S2B3D SC5 S2\" id=\"t2z_139\">9 775 </span><span class=\"S2B3E SC5 S2\" id=\"t30_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B3F SC5 S2\" id=\"t31_139\">9 775 </span><span class=\"S2B40 SC4 S2\" id=\"t32_139\">Goodwill </span><span class=\"S2B41 SC4 S2\" id=\"t33_139\">0 </span><span class=\"S2B42 SC7 S2\" id=\"t34_139\">Business combinations and </span><span class=\"S2B43 SC7 S2\" id=\"t35_139\">transactions with non-controlling </span><span class=\"S2B44 SC7 S2\" id=\"t36_139\">interests in 2022 </span><span class=\"S2B45 S1C40 S2\" id=\"t37_139\">Ler\u00f8y Vest Kraft AS </span><span class=\"S2B46 SC8 S2\" id=\"t38_139\">Ler\u00f8y Vest AS acquired 100% of the </span><span class=\"S2B47 SC8 S2\" id=\"t39_139\">shares in a small local power plant </span><span class=\"S2B48 SC8 S2\" id=\"t3a_139\">on Fitjar, producing power from a </span><span class=\"S2B49 SC8 S2\" id=\"t3b_139\">local river. It was paid NOK 9.775 for </span><span class=\"S2B4B SC8 S2\" id=\"t3d_139\">the shares. The plant will contribute </span><span class=\"S2B4C SC8 S2\" id=\"t3e_139\">with own-produced electrisity to the </span><span class=\"S2B4D SC8 S2\" id=\"t3f_139\">smolt facility owned by Ler\u00f8y Sj\u00f8troll </span><span class=\"S2B4E SC8 S2\" id=\"t3g_139\">Kj\u00e6relva AS. </span><span class=\"S2B4F SC8 S2\" id=\"t3h_139\">\u00a0</span><span class=\"S2B50 S1C40 S2\" id=\"t3i_139\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2B51 SC8 S2\" id=\"t3j_139\">In 2022 the Group settled the </span><span class=\"S2B52 SC8 S2\" id=\"t3k_139\">remaining part of the consideration </span><span class=\"S2B53 SC8 S2\" id=\"t3l_139\">agreed upon for the shares in Ler\u00f8y </span><span class=\"S2B54 SC8 S2\" id=\"t3m_139\">Seafood Denmark A/S (previously </span><span class=\"S2B55 SC8 S2\" id=\"t3n_139\">named Seafood Danmark A/S) that </span><span class=\"S2B56 SC8 S2\" id=\"t3o_139\">the Group acquired in 2021. The </span><span class=\"S2B57 SC8 S2\" id=\"t3p_139\">consideration accrued for in the </span><span class=\"S2B58 SC8 S2\" id=\"t3q_139\">balance sheet last year. The paid </span><span class=\"S2B59 SC8 S2\" id=\"t3r_139\">amount was the same as accrued for, </span><span class=\"S2B5A SC8 S2\" id=\"t3s_139\">and totalled NOK 49 millions. </span><span class=\"S2B5D S18EC S2\" id=\"t40_139\">NOTE 6 </span><span class=\"S2221 S18EC S2\" id=\"t41_139\">Business combinations and redemption </span><span class=\"S2B5E S18EC S2\" id=\"t42_139\">of non-controlling interests </span><span class=\"S2B5F SC7 S2\" id=\"t1_140\">Business combinations and </span><span class=\"S2B60 SC7 S2\" id=\"t2_140\">transactions with non-controlling </span><span class=\"S2B61 SC7 S2\" id=\"t3_140\">interests in 2021 </span><span class=\"S2B62 S21BB S2\" id=\"t4_140\">Drag\u00f8y Grossist AS </span><span class=\"S2B63 SC8 S2\" id=\"t5_140\">The Group increased its ownership in </span><span class=\"S2B64 SC8 S2\" id=\"t6_140\">Drag\u00f8y Grossist AS from 34% to 51% </span><span class=\"S2B65 SC8 S2\" id=\"t7_140\">1 January 2021. The acquisition is </span><span class=\"S2B66 SC8 S2\" id=\"t8_140\">recognised as a step-by-step </span><span class=\"S2B67 SC8 S2\" id=\"t9_140\">acquisition, with a new measurement </span><span class=\"S2B68 SC8 S2\" id=\"ta_140\">and calculation of gain/losses on the </span><span class=\"S2B69 SC8 S2\" id=\"tb_140\">shares that was previously acquired. </span><span class=\"S2B6A SC8 S2\" id=\"tc_140\">Until transaction date the previously </span><span class=\"S2B6B SC8 S2\" id=\"td_140\">acquired shares have been recognised </span><span class=\"S2B6C SC8 S2\" id=\"te_140\">and booked as an associated </span><span class=\"S2B6D SC8 S2\" id=\"tf_140\">company, following the equity method. </span><span class=\"S2B6E SC8 S2\" id=\"tg_140\">The shares are held by Ler\u00f8y Nord AS. </span><span class=\"S2B6F SC8 S2\" id=\"th_140\">The acquired company is a wholesaler </span><span class=\"S2B70 SC8 S2\" id=\"ti_140\">in Troms\u00f8. </span><span class=\"S2B71 SC8 S2\" id=\"tj_140\">\u00a0</span><span class=\"S2B72 S1C40 S2\" id=\"tk_140\">S\u00f8r\u00f8ya Isanlegg AS </span><span class=\"S2B73 SC8 S2\" id=\"tl_140\">The Group increased its ownership in </span><span class=\"S2B74 SC8 S2\" id=\"tm_140\">S\u00f8r\u00f8ya Isanlegg AS from 33.3% to </span><span class=\"S2B75 SC8 S2\" id=\"tn_140\">100% 1 January 2021. The acquisition </span><span class=\"S2B76 SC8 S2\" id=\"to_140\">is recognised as a step-by-step </span><span class=\"S2B77 SC8 S2\" id=\"tp_140\">acquisition, with a new measurement </span><span class=\"S2B78 SC8 S2\" id=\"tq_140\">and calculation of gain/losses on the </span><span class=\"S2B79 SC8 S2\" id=\"tr_140\">shares that was previously acquired. </span><span class=\"S2B7A SC8 S2\" id=\"ts_140\">Until transaction date the previously </span><span class=\"S2B7B SC8 S2\" id=\"tt_140\">acquired shares have been recognised </span><span class=\"S2B7C SC8 S2\" id=\"tu_140\">and booked as an associated </span><span class=\"S2B7D SC8 S2\" id=\"tv_140\">company, following the equity method. </span><span class=\"S2B7E SC8 S2\" id=\"tw_140\">The shares are held by Ler\u00f8y Norway </span><span class=\"S2B7F SC8 S2\" id=\"tx_140\">Seafoods AS. The acquired company </span><span class=\"S2B80 SC8 S2\" id=\"ty_140\">is a service provider for the white \ufb01sh </span><span class=\"S2B81 SC8 S2\" id=\"tz_140\">industry. The company operates from </span><span class=\"S2B82 SC8 S2\" id=\"t10_140\">Hasvik. </span><span class=\"S2B83 SC8 S2\" id=\"t11_140\">\u00a0</span><span class=\"S2B84 S1C40 S2\" id=\"t12_140\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2B85 SC8 S2\" id=\"t13_140\">The Group acquired 100% of FMV </span><span class=\"S2B86 SC8 S2\" id=\"t14_140\">Eiendom AS 31 March 2021. The name </span><span class=\"S2B87 SC8 S2\" id=\"t15_140\">of the acquired company was changed </span><span class=\"S2B88 SC8 S2\" id=\"t16_140\">to Ler\u00f8y \u00c5rskog AS. The acquisition </span><span class=\"S2B89 SC8 S2\" id=\"t17_140\">was recognised at fair value. The </span><span class=\"S2B8A SC8 S2\" id=\"t18_140\">company was purchased from the </span><span class=\"S2B8B SC8 S2\" id=\"t19_140\">ultimate parent company of the group, </span><span class=\"S2B8C SC8 S2\" id=\"t1a_140\">Laco AS, and is therefore identi\ufb01ed </span><span class=\"S2B8D SC8 S2\" id=\"t1b_140\">as a related party transaction. An </span><span class=\"S2B8E SC8 S2\" id=\"t1c_140\">external valuation of the company </span><span class=\"S2B8F SC8 S2\" id=\"t1d_140\">was required and used as the basis </span><span class=\"S2B90 SC8 S2\" id=\"t1e_140\">for the purchase price. The shares are </span><span class=\"S2B91 SC8 S2\" id=\"t1f_140\">held by Ler\u00f8y Seafood Group ASA. </span><span class=\"S2B92 SC8 S2\" id=\"t1g_140\">The acquired company owns land </span><span class=\"S2B93 SC8 S2\" id=\"t1h_140\">areas regulated and approved for </span><span class=\"S2B94 SC8 S2\" id=\"t1i_140\">production of smolt, salmon and </span><span class=\"S2B95 SC8 S2\" id=\"t1j_140\">trout on land, with a total maximum </span><span class=\"S2B96 SC8 S2\" id=\"t1k_140\">volume of 10 thousand MTB. The land </span><span class=\"S2B97 SC8 S2\" id=\"t1l_140\">area is in Fitjar. Groundwork related </span><span class=\"S2B98 SC8 S2\" id=\"t1m_140\">to buildings and installments has </span><span class=\"S2B99 SC8 S2\" id=\"t1n_140\">been started. </span><span class=\"S2B9A SC8 S2\" id=\"t1o_140\">\u00a0</span><span class=\"S2B9B S1C40 S2\" id=\"t1p_140\">Seafood Danmark A/S </span><span class=\"S2B9C SC8 S2\" id=\"t1q_140\">The Group increased its ownership in </span><span class=\"S2B9D SC8 S2\" id=\"t1r_140\">Seafood Danmark A/S from 33.3% to </span><span class=\"S2B9E SC8 S2\" id=\"t1s_140\">77.6% 1 April 2021. The acquisition is </span><span class=\"S2B9F SC8 S2\" id=\"t1t_140\">recognised as a step-by-step </span><span class=\"S2BA0 SC8 S2\" id=\"t1u_140\">acquisition, with a new measurement </span><span class=\"S2BA1 SC8 S2\" id=\"t1v_140\">and calculation of gain/losses on the </span><span class=\"S2BA2 SC8 S2\" id=\"t1w_140\">shares that was previously acquired. </span><span class=\"S2BA3 SC8 S2\" id=\"t1x_140\">Accumulated currency exchange </span><span class=\"S2BA4 SC8 S2\" id=\"t1y_140\">differences until date of business </span><span class=\"S2BA5 SC8 S2\" id=\"t1z_140\">combination, previously recognised </span><span class=\"S2BA6 SC8 S2\" id=\"t20_140\">in other comprehensive income, is </span><span class=\"S2BA7 SC8 S2\" id=\"t21_140\">recycled over pro\ufb01t and loss, and </span><span class=\"S2BA8 SC8 S2\" id=\"t22_140\">included in the calculated gain. Until </span><span class=\"S2BA9 SC8 S2\" id=\"t23_140\">transaction date the previously </span><span class=\"S2BAA SC8 S2\" id=\"t24_140\">acquired shares have been recognised </span><span class=\"S2BAB SC8 S2\" id=\"t25_140\">and booked as an associated </span><span class=\"S2BAC SC8 S2\" id=\"t26_140\">company, following the equity method. </span><span class=\"S2BAD SC8 S2\" id=\"t27_140\">The shares are held by Ler\u00f8y Seafood </span><span class=\"S2BAE SC8 S2\" id=\"t28_140\">Group ASA. The business in the </span><span class=\"S2BAF SC8 S2\" id=\"t29_140\">acquired company is VAP, sales and </span><span class=\"S2BB0 SC8 S2\" id=\"t2a_140\">distribution in Danmark. The company </span><span class=\"S2BB1 SC8 S2\" id=\"t2b_140\">owns and operate several </span><span class=\"S2BB2 SC8 S2\" id=\"t2c_140\">production facilities in Denmark. </span><span class=\"S2BB3 SC8 S2\" id=\"t2d_140\">\u00a0</span><span class=\"S2BB4 S1C40 S2\" id=\"t2e_140\">Wannebo International AS </span><span class=\"S2BB5 SC8 S2\" id=\"t2f_140\">The non-controlling interests in the </span><span class=\"S2BB6 SC8 S2\" id=\"t2g_140\">company named Wannebo </span><span class=\"S2BB7 SC8 S2\" id=\"t2h_140\">International AS was redeemed </span><span class=\"S2BB8 SC8 S2\" id=\"t2i_140\">1 July 2021. As the company is a group </span><span class=\"S2BB9 SC8 S2\" id=\"t2j_140\">company, owned through Seafood </span><span class=\"S2BBA SC8 S2\" id=\"t2k_140\">Danmark A/S, the redemption amount </span><span class=\"S2BBB SC8 S2\" id=\"t2l_140\">has been recognised as an equity </span><span class=\"S2BBC SC8 S2\" id=\"t2m_140\">transaction. The company`s business </span><span class=\"S2BBD SC8 S2\" id=\"t2n_140\">purpose is purchasing seafood in </span><span class=\"S2BBE SC8 S2\" id=\"t2o_140\">Norway and exporting it from </span><span class=\"S2BBF SC8 S2\" id=\"t2p_140\">Norway to Seafood Danmark A/S. </span><span class=\"S2BC0 SC8 S2\" id=\"t2q_140\">\u00a0</span><span class=\"S2BC1 S1C40 S2\" id=\"t2r_140\">SSF Hjaltland UK Ltd </span><span class=\"S2BC2 SC8 S2\" id=\"t2s_140\">The Group has also participated </span><span class=\"S2BC3 SC8 S2\" id=\"t2t_140\">indirectly in the acquisition of Grieg </span><span class=\"S2BC4 SC8 S2\" id=\"t2u_140\">Seafood Hjaltland UK Ltd through </span><span class=\"S2BC5 SC8 S2\" id=\"t2v_140\">the 50% owned associated company </span><span class=\"S2BC6 SC8 S2\" id=\"t2w_140\">Norskott Havbruk AS. The acquiring </span><span class=\"S2BC7 SC8 S2\" id=\"t2x_140\">legal entity was Scottish Seafarms </span><span class=\"S2BC8 SC8 S2\" id=\"t2y_140\">Ltd, a fully owned subsidiary of </span><span class=\"S2BC9 SC8 S2\" id=\"t2z_140\">Norskott Havbruk AS. The name of </span><span class=\"S2BCA SC8 S2\" id=\"t30_140\">the acquired company was changed </span><span class=\"S2BCB SC8 S2\" id=\"t31_140\">to SSF Hjaltland Ltd right after the </span><span class=\"S2BCC SC8 S2\" id=\"t32_140\">date of control, 15 December 2021. This </span><span class=\"S2BCD SC8 S2\" id=\"t33_140\">transaction is not included in business </span><span class=\"S2BCE SC8 S2\" id=\"t34_140\">combinations of the Group, according </span><span class=\"S2BCF SC8 S2\" id=\"t35_140\">to IFRS 3, which are summarized </span><span class=\"S2BD0 SC8 S2\" id=\"t36_140\">below. For this transaction, it is </span><span class=\"S2BD1 SC8 S2\" id=\"t37_140\">referred to the note on associated </span><span class=\"S2BD2 SC8 S2\" id=\"t38_140\">companies for further details. </span><span class=\"S2BD4 S18EC S2\" id=\"t3g_140\">NOTE 6 cont. </span><span class=\"S2298 S18EC S2\" id=\"t3h_140\">Business combinations and redemption </span><span class=\"S2BD5 S18EC S2\" id=\"t3i_140\">of non-controlling interests </span><span class=\"S2BD6 SC4 S2\" id=\"t1_141\">2021 </span><span class=\"S2BD7 SC4 S2\" id=\"t2_141\">Goodwill </span><span class=\"S2BD8 SC4 S2\" id=\"t3_141\">Licences </span><span class=\"S2BD9 SC4 S2\" id=\"t4_141\">Other rights </span><span class=\"S2BDA SC4 S2\" id=\"t5_141\">Total </span><span class=\"S2BDB SC4 S2\" id=\"t6_141\">As of 1 January </span><span class=\"S2BDC SC5 S2\" id=\"t7_141\">Acquisition cost </span><span class=\"S2BDD SC5 S2\" id=\"t8_141\">2 225 145 </span><span class=\"S2BDE SC5 S2\" id=\"t9_141\">6 180 330 </span><span class=\"S2BDF SC5 S2\" id=\"ta_141\">73 280 </span><span class=\"S2BE0 SC5 S2\" id=\"tb_141\">8 478 755 </span><span class=\"S2BE1 SC5 S2\" id=\"tc_141\">Accumulated amortisation </span><span class=\"S2BE2 SC5 S2\" id=\"td_141\">-123 064 </span><span class=\"S2BE3 SC5 S2\" id=\"te_141\">-48 411 </span><span class=\"S2BE4 SC5 S2\" id=\"tf_141\">-171 475 </span><span class=\"S2BE5 SC4 S2\" id=\"tg_141\">Carrying value as of 01.01 </span><span class=\"S2BE6 SC4 S2\" id=\"th_141\">2 225 145 </span><span class=\"S2BE7 SC4 S2\" id=\"ti_141\">6 057 266 </span><span class=\"S2BE8 SC4 S2\" id=\"tj_141\">24 869 </span><span class=\"S2BE9 SC4 S2\" id=\"tk_141\">8 307 280 </span><span class=\"S2BEA SC4 S2\" id=\"tl_141\">Movements during the year </span><span class=\"S2BEB SC5 S2\" id=\"tm_141\">Carrying value as of 01.01 </span><span class=\"S2BEC SC5 S2\" id=\"tn_141\">2 225 145 </span><span class=\"S2BED SC5 S2\" id=\"to_141\">6 057 266 </span><span class=\"S2BEE SC5 S2\" id=\"tp_141\">24 869 </span><span class=\"S2BEF SC5 S2\" id=\"tq_141\">8 307 280 </span><span class=\"S2BF0 SC5 S2\" id=\"tr_141\">Translation differences </span><span class=\"S2BF1 SC5 S2\" id=\"ts_141\">-13 117 </span><span class=\"S2BF2 SC5 S2\" id=\"tt_141\">-105 </span><span class=\"S2BF3 SC5 S2\" id=\"tu_141\">-13 222 </span><span class=\"S2BF4 SC5 S2\" id=\"tv_141\">Additions from business combinations </span><span class=\"S2BF5 SC5 S2\" id=\"tw_141\">281 309 </span><span class=\"S2BF6 SC5 S2\" id=\"tx_141\">5 000 </span><span class=\"S2BF7 SC5 S2\" id=\"ty_141\">7 798 </span><span class=\"S2BF8 SC5 S2\" id=\"tz_141\">294 107 </span><span class=\"S2BF9 SC5 S2\" id=\"t10_141\">Acquisition of intangible assets </span><span class=\"S2BFA SC5 S2\" id=\"t11_141\">3 461 </span><span class=\"S2BFB SC5 S2\" id=\"t12_141\">3 461 </span><span class=\"S2BFC SC5 S2\" id=\"t13_141\">Disposals </span><span class=\"S2BFD SC5 S2\" id=\"t14_141\">-5 189 </span><span class=\"S2BFE SC5 S2\" id=\"t15_141\">-5 189 </span><span class=\"S2BFF SC5 S2\" id=\"t16_141\">Amortisation for the year </span><span class=\"S2C00 SC5 S2\" id=\"t17_141\">-28 400 </span><span class=\"S2C01 SC5 S2\" id=\"t18_141\">-4 515 </span><span class=\"S2C02 SC5 S2\" id=\"t19_141\">-32 915 </span><span class=\"S2C03 SC4 S2\" id=\"t1a_141\">Carrying value as of 31.12 </span><span class=\"S2C04 SC4 S2\" id=\"t1b_141\">2 493 337 </span><span class=\"S2C05 SC4 S2\" id=\"t1c_141\">6 028 677 </span><span class=\"S2C06 SC4 S2\" id=\"t1d_141\">31 508 </span><span class=\"S2C07 SC4 S2\" id=\"t1e_141\">8 553 522 </span><span class=\"S2C08 SC4 S2\" id=\"t1f_141\">As of 31 December </span><span class=\"S2C09 SC5 S2\" id=\"t1g_141\">Acquisition cost </span><span class=\"S2C0A SC5 S2\" id=\"t1h_141\">2 493 337 </span><span class=\"S2C0B SC5 S2\" id=\"t1i_141\">6 180 141 </span><span class=\"S2C0C SC5 S2\" id=\"t1j_141\">84 349 </span><span class=\"S2C0D SC5 S2\" id=\"t1k_141\">8 757 827 </span><span class=\"S2C0E SC5 S2\" id=\"t1l_141\">Accumulated amortisation </span><span class=\"S2C0F SC5 S2\" id=\"t1m_141\">-151 464 </span><span class=\"S2C10 SC5 S2\" id=\"t1n_141\">-52 841 </span><span class=\"S2C11 SC5 S2\" id=\"t1o_141\">-204 305 </span><span class=\"S2C12 SC4 S2\" id=\"t1p_141\">Carrying value as of 31.12 </span><span class=\"S2C13 SC4 S2\" id=\"t1q_141\">2 493 337 </span><span class=\"S2C14 SC4 S2\" id=\"t1r_141\">6 028 677 </span><span class=\"S2C15 SC4 S2\" id=\"t1s_141\">31 508 </span><span class=\"S2C16 SC4 S2\" id=\"t1t_141\">8 553 522 </span><span class=\"S2C17 SC5 S2\" id=\"t1u_141\">Assets with unlimited useful life </span><span class=\"S2C18 SC5 S2\" id=\"t1v_141\">2 493 337 </span><span class=\"S2C19 SC5 S2\" id=\"t1w_141\">5 766 078 </span><span class=\"S2C1A SC5 S2\" id=\"t1x_141\">2 100 </span><span class=\"S2C1B SC5 S2\" id=\"t1y_141\">8 261 515 </span><span class=\"S2C1C SC5 S2\" id=\"t1z_141\">Assets with limited useful life </span><span class=\"S2C1D SC5 S2\" id=\"t20_141\">262 600 </span><span class=\"S2C1E SC5 S2\" id=\"t21_141\">29 408 </span><span class=\"S2C1F SC5 S2\" id=\"t22_141\">292 007 </span><span class=\"S2C20 SC4 S2\" id=\"t23_141\">Carrying value as of 31.12 </span><span class=\"S2C21 SC4 S2\" id=\"t24_141\">2 493 337 </span><span class=\"S2C22 SC4 S2\" id=\"t25_141\">6 028 677 </span><span class=\"S2C23 SC4 S2\" id=\"t26_141\">31 508 </span><span class=\"S2C24 SC4 S2\" id=\"t27_141\">8 553 522 </span><span class=\"S2C25 SC4 S2\" id=\"t28_141\">2022 </span><span class=\"S2C26 SC4 S2\" id=\"t29_141\">Goodwill </span><span class=\"S2C27 SC4 S2\" id=\"t2a_141\">Licences </span><span class=\"S2C28 SC4 S2\" id=\"t2b_141\">Other rights </span><span class=\"S2C29 SC4 S2\" id=\"t2c_141\">Total </span><span class=\"S2C2A SC4 S2\" id=\"t2d_141\">Movements during the year </span><span class=\"S2C2B SC5 S2\" id=\"t2e_141\">Carrying value as of 01.01 </span><span class=\"S2C2C SC5 S2\" id=\"t2f_141\">2 493 337 </span><span class=\"S2C2D SC5 S2\" id=\"t2g_141\">6 028 677 </span><span class=\"S2C2E SC5 S2\" id=\"t2h_141\">31 508 </span><span class=\"S2C2F SC5 S2\" id=\"t2i_141\">8 553 522 </span><span class=\"S2C30 SC5 S2\" id=\"t2j_141\">Translation differences </span><span class=\"S2C31 SC5 S2\" id=\"t2k_141\">23 282 </span><span class=\"S2C32 SC5 S2\" id=\"t2l_141\">226 </span><span class=\"S2C33 SC5 S2\" id=\"t2m_141\">23 508 </span><span class=\"S2C34 SC5 S2\" id=\"t2n_141\">Additions from business combinations </span><span class=\"S2C35 SC5 S2\" id=\"t2o_141\">6 409 </span><span class=\"S2C36 SC5 S2\" id=\"t2p_141\">6 409 </span><span class=\"S2C37 SC5 S2\" id=\"t2q_141\">Acquisition of intangible assets </span><span class=\"S2C38 SC5 S2\" id=\"t2r_141\">288 </span><span class=\"S2C39 SC5 S2\" id=\"t2s_141\">288 </span><span class=\"S2C3A SC5 S2\" id=\"t2t_141\">Disposals </span><span class=\"S2C3B SC5 S2\" id=\"t2u_141\">0 </span><span class=\"S2C3C SC5 S2\" id=\"t2v_141\">Amortisation for the year </span><span class=\"S2C3D SC5 S2\" id=\"t2w_141\">-29 137 </span><span class=\"S2C3E SC5 S2\" id=\"t2x_141\">-4 422 </span><span class=\"S2C3F SC5 S2\" id=\"t2y_141\">-33 559 </span><span class=\"S2C40 SC4 S2\" id=\"t2z_141\">Carrying value as of 31.12 </span><span class=\"S2C41 SC4 S2\" id=\"t30_141\">2 516 619 </span><span class=\"S2C42 SC4 S2\" id=\"t31_141\">5 999 540 </span><span class=\"S2C43 SC4 S2\" id=\"t32_141\">34 009 </span><span class=\"S2C44 SC4 S2\" id=\"t33_141\">8 550 168 </span><span class=\"S2C45 SC4 S2\" id=\"t34_141\">As of 31 December </span><span class=\"S2C46 SC5 S2\" id=\"t35_141\">Acquisition cost </span><span class=\"S2C47 SC5 S2\" id=\"t36_141\">2 516 619 </span><span class=\"S2C48 SC5 S2\" id=\"t37_141\">6 180 141 </span><span class=\"S2C49 SC5 S2\" id=\"t38_141\">91 384 </span><span class=\"S2C4A SC5 S2\" id=\"t39_141\">8 788 144 </span><span class=\"S2C4B SC5 S2\" id=\"t3a_141\">Accumulated amortisation </span><span class=\"S2C4C SC5 S2\" id=\"t3b_141\">-180 601 </span><span class=\"S2C4D SC5 S2\" id=\"t3c_141\">-57 375 </span><span class=\"S2C4E SC5 S2\" id=\"t3d_141\">-237 976 </span><span class=\"S2C4F SC4 S2\" id=\"t3e_141\">Carrying value as of 31.12 </span><span class=\"S2C50 SC4 S2\" id=\"t3f_141\">2 516 619 </span><span class=\"S2C51 SC4 S2\" id=\"t3g_141\">5 999 540 </span><span class=\"S2C52 SC4 S2\" id=\"t3h_141\">34 009 </span><span class=\"S2C53 SC4 S2\" id=\"t3i_141\">8 550 168 </span><span class=\"S2C54 SC5 S2\" id=\"t3j_141\">Assets with unlimited useful life </span><span class=\"S2C55 SC5 S2\" id=\"t3k_141\">2 516 619 </span><span class=\"S2C56 SC5 S2\" id=\"t3l_141\">5 766 078 </span><span class=\"S2C57 SC5 S2\" id=\"t3m_141\">8 509 </span><span class=\"S2C58 SC5 S2\" id=\"t3n_141\">8 291 206 </span><span class=\"S2C59 SC5 S2\" id=\"t3o_141\">Assets with limited useful life </span><span class=\"S2C5A SC5 S2\" id=\"t3p_141\">233 463 </span><span class=\"S2C5B SC5 S2\" id=\"t3q_141\">25 500 </span><span class=\"S2C5C SC5 S2\" id=\"t3r_141\">258 962 </span><span class=\"S2C5D SC4 S2\" id=\"t3s_141\">Carrying value as of 31.12 </span><span class=\"S2C5E SC4 S2\" id=\"t3t_141\">2 516 619 </span><span class=\"S2C5F SC4 S2\" id=\"t3u_141\">5 999 540 </span><span class=\"S2C60 SC4 S2\" id=\"t3v_141\">34 009 </span><span class=\"S2C61 SC4 S2\" id=\"t3w_141\">8 550 168 </span><span class=\"S2168 SC7 S2\" id=\"t3x_141\">Reconciliation carrying value, gross value and life </span><span class=\"S2C63 SC7 S2\" id=\"t1_142\">Speci\ufb01cation of intangible assets per acquisition, per segment </span><span class=\"S2C64 SC4 S2\" id=\"t2_142\">2021 </span><span class=\"S2C65 SC4 S2\" id=\"t3_142\">Region </span><span class=\"S2C66 SC4 S2\" id=\"t4_142\">Acquisition </span><span class=\"S2C67 SC4 S2\" id=\"t5_142\">year </span><span class=\"S2C68 SC4 S2\" id=\"t6_142\">Goodwill </span><span class=\"S2C69 SC4 S2\" id=\"t7_142\">Licences </span><span class=\"S2C6A SC4 S2\" id=\"t8_142\">Other rights </span><span class=\"S2C6B SC4 S2\" id=\"t9_142\">Total </span><span class=\"S2C6C SC4 S2\" id=\"ta_142\">Wild catch </span><span class=\"S2C6D SC5 S2\" id=\"tb_142\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2C6E SC5 S2\" id=\"tc_142\">2016 </span><span class=\"S2C6F SC5 S2\" id=\"td_142\">3 544 000 </span><span class=\"S2C70 S269C S2\" id=\"te_142\">5) </span><span class=\"S2C71 SC4 S2\" id=\"tf_142\">3 544 000 </span><span class=\"S2C72 SC5 S2\" id=\"tg_142\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2C73 SC5 S2\" id=\"th_142\">2016, 2017 </span><span class=\"S2C74 SC5 S2\" id=\"ti_142\">2 646 </span><span class=\"S2C75 SC5 S2\" id=\"tj_142\">100 </span><span class=\"S2C76 SC4 S2\" id=\"tk_142\">2 746 </span><span class=\"S2C77 SC4 S2\" id=\"tl_142\">Total </span><span class=\"S2C78 SC4 S2\" id=\"tm_142\">2 646 </span><span class=\"S2C79 SC4 S2\" id=\"tn_142\">3 544 000 </span><span class=\"S2C7A SC4 S2\" id=\"to_142\">100 </span><span class=\"S2C7B SC4 S2\" id=\"tp_142\">3 546 746 </span><span class=\"S2C7C SC4 S2\" id=\"tq_142\">Farming </span><span class=\"S2C7D SC5 S2\" id=\"tr_142\">Ler\u00f8y Midt AS </span><span class=\"S2C7E SC5 S2\" id=\"ts_142\">Central </span><span class=\"S2C7F SC5 S2\" id=\"tt_142\">2003, 2006 </span><span class=\"S2C80 S269C S2\" id=\"tu_142\">1) </span><span class=\"S2C81 SC5 S2\" id=\"tv_142\">956 509 </span><span class=\"S2C82 SC5 S2\" id=\"tw_142\">700 260 </span><span class=\"S2C83 SC4 S2\" id=\"tx_142\">1 656 769 </span><span class=\"S2C84 SC5 S2\" id=\"ty_142\">Ler\u00f8y Vest AS </span><span class=\"S2C85 SC5 S2\" id=\"tz_142\">West </span><span class=\"S2C86 SC5 S2\" id=\"t10_142\">2007 </span><span class=\"S2C87 SC5 S2\" id=\"t11_142\">535 001 </span><span class=\"S2C88 SC5 S2\" id=\"t12_142\">502 529 </span><span class=\"S2C89 SC5 S2\" id=\"t13_142\">12 944 </span><span class=\"S2C8A S269C S2\" id=\"t14_142\">5) </span><span class=\"S2C8B SC4 S2\" id=\"t15_142\">1 050 474 </span><span class=\"S2C8C SC5 S2\" id=\"t16_142\">Sj\u00f8troll Havbruk AS </span><span class=\"S2C8D SC5 S2\" id=\"t17_142\">West </span><span class=\"S2C8E SC5 S2\" id=\"t18_142\">2010 </span><span class=\"S2C8F SC5 S2\" id=\"t19_142\">205 954 </span><span class=\"S2C90 SC5 S2\" id=\"t1a_142\">673 513 </span><span class=\"S2C91 SC4 S2\" id=\"t1b_142\">879 467 </span><span class=\"S2C92 SC5 S2\" id=\"t1c_142\">Ler\u00f8y Aurora AS </span><span class=\"S2C93 SC5 S2\" id=\"t1d_142\">North </span><span class=\"S2C94 SC5 S2\" id=\"t1e_142\">2005, 2014 </span><span class=\"S2C95 S269C S2\" id=\"t1f_142\">2) </span><span class=\"S2C96 SC5 S2\" id=\"t1g_142\">134 567 </span><span class=\"S2C97 SC5 S2\" id=\"t1h_142\">508 572 </span><span class=\"S2C98 SC5 S2\" id=\"t1i_142\">2 000 </span><span class=\"S2C99 SC4 S2\" id=\"t1j_142\">645 139 </span><span class=\"S2C9A SC5 S2\" id=\"t1k_142\">Norsk Oppdrettsservice AS </span><span class=\"S2C9B SC5 S2\" id=\"t1l_142\">West </span><span class=\"S2C9C SC5 S2\" id=\"t1m_142\">2015 </span><span class=\"S2C9D SC5 S2\" id=\"t1n_142\">13 295 </span><span class=\"S2C9E SC5 S2\" id=\"t1o_142\">40 000 </span><span class=\"S2C9F SC4 S2\" id=\"t1p_142\">53 295 </span><span class=\"S2CA0 SC5 S2\" id=\"t1q_142\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2CA1 SC5 S2\" id=\"t1r_142\">West </span><span class=\"S2CA2 SC5 S2\" id=\"t1s_142\">2021 </span><span class=\"S2CA3 SC5 S2\" id=\"t1t_142\">5 000 </span><span class=\"S2CA4 SC4 S2\" id=\"t1u_142\">5 000 </span><span class=\"S2CA5 SC4 S2\" id=\"t1v_142\">Total </span><span class=\"S2CA6 SC4 S2\" id=\"t1w_142\">1 845 326 </span><span class=\"S2CA7 SC4 S2\" id=\"t1x_142\">2 429 874 </span><span class=\"S2CA8 SC4 S2\" id=\"t1y_142\">14 944 </span><span class=\"S2CA9 SC4 S2\" id=\"t1z_142\">4 290 143 </span><span class=\"S2CAA SC4 S2\" id=\"t20_142\">VAP, sales and distribution </span><span class=\"S2CAB SC5 S2\" id=\"t21_142\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2CAC SC5 S2\" id=\"t22_142\">2021 </span><span class=\"S2CAD SC5 S2\" id=\"t23_142\">274 888 </span><span class=\"S2CAE SC5 S2\" id=\"t24_142\">0 </span><span class=\"S2CAF SC4 S2\" id=\"t25_142\">274 888 </span><span class=\"S2CB0 SC5 S2\" id=\"t26_142\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2CB1 SC5 S2\" id=\"t27_142\">2012 </span><span class=\"S2CB2 S269C S2\" id=\"t28_142\">4) </span><span class=\"S2CB3 SC5 S2\" id=\"t29_142\">141 249 </span><span class=\"S2CB4 SC4 S2\" id=\"t2a_142\">141 249 </span><span class=\"S2CB5 SC5 S2\" id=\"t2b_142\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2CB6 SC5 S2\" id=\"t2c_142\">2005, 2006 </span><span class=\"S2CB7 SC5 S2\" id=\"t2d_142\">122 461 </span><span class=\"S2CB8 SC5 S2\" id=\"t2e_142\">9 168 </span><span class=\"S2CB9 S269C S2\" id=\"t2f_142\">3) </span><span class=\"S2CBA SC4 S2\" id=\"t2g_142\">131 629 </span><span class=\"S2CBB SC5 S2\" id=\"t2h_142\">Ler\u00f8y Fossen AS </span><span class=\"S2CBC SC5 S2\" id=\"t2i_142\">2006 </span><span class=\"S2CBD SC5 S2\" id=\"t2j_142\">23 976 </span><span class=\"S2CBE SC4 S2\" id=\"t2k_142\">23 976 </span><span class=\"S2CBF SC5 S2\" id=\"t2l_142\">Ler\u00f8y Finland OY </span><span class=\"S2CC0 SC5 S2\" id=\"t2m_142\">2011 </span><span class=\"S2CC1 S269C S2\" id=\"t2n_142\">4) </span><span class=\"S2CC2 SC5 S2\" id=\"t2o_142\">20 082 </span><span class=\"S2CC3 SC5 S2\" id=\"t2p_142\">166 </span><span class=\"S2CC4 S269C S2\" id=\"t2q_142\">3) </span><span class=\"S2CC5 SC4 S2\" id=\"t2r_142\">20 248 </span><span class=\"S2CC6 SC5 S2\" id=\"t2s_142\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2CC7 SC5 S2\" id=\"t2t_142\">2002, 2003 </span><span class=\"S2CC8 S269C S2\" id=\"t2u_142\">7) </span><span class=\"S2CC9 SC5 S2\" id=\"t2v_142\">17 525 </span><span class=\"S2CCA SC4 S2\" id=\"t2w_142\">17 525 </span><span class=\"S27F8 SC5 S2\" id=\"t2x_142\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2CCB SC5 S2\" id=\"t2y_142\">2001, 2004 </span><span class=\"S2CCC SC5 S2\" id=\"t2z_142\">12 505 </span><span class=\"S2CCD SC4 S2\" id=\"t30_142\">12 505 </span><span class=\"S2CCE SC5 S2\" id=\"t31_142\">SAS Hallvard Ler\u00f8y </span><span class=\"S2CCF SC5 S2\" id=\"t32_142\">2008 </span><span class=\"S2CD0 SC5 S2\" id=\"t33_142\">9 979 </span><span class=\"S2CD1 SC4 S2\" id=\"t34_142\">9 979 </span><span class=\"S2CD2 SC5 S2\" id=\"t35_142\">Sj\u00f8mathuset AS </span><span class=\"S2CD3 SC5 S2\" id=\"t36_142\">2006, 2009 </span><span class=\"S2CD4 SC5 S2\" id=\"t37_142\">6 175 </span><span class=\"S2CD5 SC5 S2\" id=\"t38_142\">2 500 </span><span class=\"S2CD6 S269C S2\" id=\"t39_142\">3) </span><span class=\"S2CD7 SC4 S2\" id=\"t3a_142\">8 675 </span><span class=\"S2CD8 SC5 S2\" id=\"t3b_142\">Ler\u00f8y Tyrkia </span><span class=\"S2CD9 SC5 S2\" id=\"t3c_142\">2015 </span><span class=\"S2CDA S269C S2\" id=\"t3d_142\">4) </span><span class=\"S2CDB SC5 S2\" id=\"t3e_142\">6 280 </span><span class=\"S2CDC SC5 S2\" id=\"t3f_142\">49 </span><span class=\"S2CDD SC4 S2\" id=\"t3g_142\">6 329 </span><span class=\"S2CDE SC5 S2\" id=\"t3h_142\">SAS Eurosalmon </span><span class=\"S2CDF SC5 S2\" id=\"t3i_142\">2008 </span><span class=\"S2CE0 SC5 S2\" id=\"t3j_142\">4 697 </span><span class=\"S2CE1 SC4 S2\" id=\"t3k_142\">4 697 </span><span class=\"S2CE2 SC5 S2\" id=\"t3l_142\">Ler\u00f8y Seafood AS </span><span class=\"S2CE3 SC5 S2\" id=\"t3m_142\">1997, 2000 </span><span class=\"S2CE4 SC5 S2\" id=\"t3n_142\">3 976 </span><span class=\"S2CE5 SC5 S2\" id=\"t3o_142\">0 </span><span class=\"S2CE6 SC4 S2\" id=\"t3p_142\">3 976 </span><span class=\"S2CE7 SC5 S2\" id=\"t3q_142\">Leroy Seafood Italy SRL </span><span class=\"S2CE8 SC5 S2\" id=\"t3r_142\">2020 </span><span class=\"S2CE9 SC5 S2\" id=\"t3s_142\">0 </span><span class=\"S2CEA SC5 S2\" id=\"t3t_142\">2 643 </span><span class=\"S2CEB S269C S2\" id=\"t3u_142\">3) </span><span class=\"S2CEC SC4 S2\" id=\"t3v_142\">2 643 </span><span class=\"S2CED SC5 S2\" id=\"t3w_142\">Ler\u00f8y Portugal Ltd </span><span class=\"S2CEE SC5 S2\" id=\"t3x_142\">2004 </span><span class=\"S2CEF SC5 S2\" id=\"t3y_142\">524 </span><span class=\"S2CF0 SC5 S2\" id=\"t3z_142\">1 358 </span><span class=\"S2CF1 S269C S2\" id=\"t40_142\">3) </span><span class=\"S2CF2 SC4 S2\" id=\"t41_142\">1 882 </span><span class=\"S2CF3 SC5 S2\" id=\"t42_142\">SAS Fish Cut </span><span class=\"S2CF4 SC5 S2\" id=\"t43_142\">2003 </span><span class=\"S2CF5 SC5 S2\" id=\"t44_142\">1 050 </span><span class=\"S2CF6 SC4 S2\" id=\"t45_142\">1 050 </span><span class=\"S2CF7 SC5 S2\" id=\"t46_142\">Ler\u00f8y Processing Spain </span><span class=\"S2CF8 SC5 S2\" id=\"t47_142\">2016 </span><span class=\"S2CF9 SC5 S2\" id=\"t48_142\">0 </span><span class=\"S2CFA SC5 S2\" id=\"t49_142\">580 </span><span class=\"S2CFB S269C S2\" id=\"t4a_142\">3) </span><span class=\"S2CFC SC4 S2\" id=\"t4b_142\">580 </span><span class=\"S2CFD SC4 S2\" id=\"t4c_142\">Total </span><span class=\"S2CFE S269C S2\" id=\"t4d_142\">4) </span><span class=\"S2CFF SC4 S2\" id=\"t4e_142\">645 366 </span><span class=\"S2D00 SC4 S2\" id=\"t4f_142\">0 </span><span class=\"S2D01 SC4 S2\" id=\"t4g_142\">16 464 </span><span class=\"S2D02 S2D10 S2\" id=\"t4h_142\">3) </span><span class=\"S2D03 SC4 S2\" id=\"t4i_142\">661 830 </span><span class=\"S2D04 SC4 S2\" id=\"t4j_142\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2D05 SC5 S2\" id=\"t4k_142\">2017-2020 </span><span class=\"S2D06 SC4 S2\" id=\"t4l_142\">54 803 </span><span class=\"S2D07 S2D10 S2\" id=\"t4m_142\">6) </span><span class=\"S2D08 SC4 S2\" id=\"t4n_142\">54 803 </span><span class=\"S2D09 SC4 S2\" id=\"t4o_142\">Total </span><span class=\"S2D0A SC4 S2\" id=\"t4p_142\">2 493 337 </span><span class=\"S2D0B SC4 S2\" id=\"t4q_142\">6 028 676 </span><span class=\"S2D0C SC4 S2\" id=\"t4r_142\">31 508 </span><span class=\"S2D0D SC4 S2\" id=\"t4s_142\">8 553 522 </span><span class=\"S1D89 S18EC S2\" id=\"t50_142\">NOTE 7 cont. </span><span class=\"S2D0F S18EC S2\" id=\"t51_142\">Intangible assets </span><span class=\"S2D11 SC4 S2\" id=\"t1_143\">2022 </span><span class=\"S2D12 SC4 S2\" id=\"t2_143\">Region </span><span class=\"S2D13 SC4 S2\" id=\"t3_143\">Acquisition </span><span class=\"S2D14 SC4 S2\" id=\"t4_143\">year </span><span class=\"S2D15 SC4 S2\" id=\"t5_143\">Goodwill </span><span class=\"S2D16 SC4 S2\" id=\"t6_143\">Licences </span><span class=\"S2D17 SC4 S2\" id=\"t7_143\">Other rights </span><span class=\"S2800 SC4 S2\" id=\"t8_143\">Total </span><span class=\"S2D18 SC4 S2\" id=\"t9_143\">Wild catch </span><span class=\"S2D19 SC5 S2\" id=\"ta_143\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2D1A SC5 S2\" id=\"tb_143\">2016 </span><span class=\"S2D1B SC5 S2\" id=\"tc_143\">3 514 863 </span><span class=\"S2D1C S269C S2\" id=\"td_143\">5) </span><span class=\"S2D1D SC4 S2\" id=\"te_143\">3 514 863 </span><span class=\"S2D1E SC5 S2\" id=\"tf_143\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2D1F SC5 S2\" id=\"tg_143\">2017 </span><span class=\"S2D20 SC5 S2\" id=\"th_143\">2 646 </span><span class=\"S2D21 SC5 S2\" id=\"ti_143\">100 </span><span class=\"S2D22 SC4 S2\" id=\"tj_143\">2 746 </span><span class=\"S2D23 SC4 S2\" id=\"tk_143\">Total </span><span class=\"S2D24 SC4 S2\" id=\"tl_143\">2 646 </span><span class=\"S2D25 SC4 S2\" id=\"tm_143\">3 514 863 </span><span class=\"S2D26 SC4 S2\" id=\"tn_143\">100 </span><span class=\"S2D27 SC4 S2\" id=\"to_143\">3 517 609 </span><span class=\"S2D28 SC4 S2\" id=\"tp_143\">Farming </span><span class=\"S2D29 SC5 S2\" id=\"tq_143\">Ler\u00f8y Midt AS </span><span class=\"S2D2A SC5 S2\" id=\"tr_143\">Central </span><span class=\"S2D2B SC5 S2\" id=\"ts_143\">2003, 2006 </span><span class=\"S2D2C S269C S2\" id=\"tt_143\">1) </span><span class=\"S2D2D SC5 S2\" id=\"tu_143\">956 509 </span><span class=\"S2D2E SC5 S2\" id=\"tv_143\">700 260 </span><span class=\"S2D2F SC4 S2\" id=\"tw_143\">1 656 769 </span><span class=\"S2D30 SC5 S2\" id=\"tx_143\">Ler\u00f8y Vest AS </span><span class=\"S2D31 SC5 S2\" id=\"ty_143\">West </span><span class=\"S2D32 SC5 S2\" id=\"tz_143\">2007, 2022 </span><span class=\"S2D33 S269C S2\" id=\"t10_143\">7) </span><span class=\"S2D34 SC5 S2\" id=\"t11_143\">535 001 </span><span class=\"S2D35 SC5 S2\" id=\"t12_143\">502 529 </span><span class=\"S2D36 SC5 S2\" id=\"t13_143\">18 717 </span><span class=\"S2D37 S269C S2\" id=\"t14_143\">5), 7) </span><span class=\"S2D38 SC4 S2\" id=\"t15_143\">1 056 248 </span><span class=\"S2D39 SC5 S2\" id=\"t16_143\">Sj\u00f8troll Havbruk AS </span><span class=\"S2D3A SC5 S2\" id=\"t17_143\">West </span><span class=\"S2D3B SC5 S2\" id=\"t18_143\">2010 </span><span class=\"S2D3C SC5 S2\" id=\"t19_143\">205 954 </span><span class=\"S2D3D SC5 S2\" id=\"t1a_143\">673 513 </span><span class=\"S2D3E SC4 S2\" id=\"t1b_143\">879 467 </span><span class=\"S2D3F SC5 S2\" id=\"t1c_143\">Ler\u00f8y Aurora AS </span><span class=\"S2D40 SC5 S2\" id=\"t1d_143\">North </span><span class=\"S2D41 SC5 S2\" id=\"t1e_143\">2005, 2014 </span><span class=\"S2D42 S269C S2\" id=\"t1f_143\">2) </span><span class=\"S2D43 SC5 S2\" id=\"t1g_143\">134 567 </span><span class=\"S2D44 SC5 S2\" id=\"t1h_143\">508 572 </span><span class=\"S2D45 SC5 S2\" id=\"t1i_143\">2 000 </span><span class=\"S2D46 SC4 S2\" id=\"t1j_143\">645 139 </span><span class=\"S2D47 SC5 S2\" id=\"t1k_143\">Norsk Oppdrettsservice AS </span><span class=\"S2D48 SC5 S2\" id=\"t1l_143\">West </span><span class=\"S2D49 SC5 S2\" id=\"t1m_143\">2015 </span><span class=\"S2D4A SC5 S2\" id=\"t1n_143\">13 295 </span><span class=\"S2D4B SC5 S2\" id=\"t1o_143\">40 000 </span><span class=\"S2D4C SC4 S2\" id=\"t1p_143\">53 295 </span><span class=\"S2D4D SC5 S2\" id=\"t1q_143\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2D4E SC5 S2\" id=\"t1r_143\">West </span><span class=\"S2D4F SC5 S2\" id=\"t1s_143\">2021 </span><span class=\"S2D50 SC5 S2\" id=\"t1t_143\">5 000 </span><span class=\"S2D51 SC4 S2\" id=\"t1u_143\">5 000 </span><span class=\"S2D52 SC4 S2\" id=\"t1v_143\">Total </span><span class=\"S2D53 SC4 S2\" id=\"t1w_143\">1 845 326 </span><span class=\"S2D54 SC4 S2\" id=\"t1x_143\">2 429 874 </span><span class=\"S2D55 SC4 S2\" id=\"t1y_143\">20 717 </span><span class=\"S2D56 SC4 S2\" id=\"t1z_143\">4 295 917 </span><span class=\"S2D57 SC4 S2\" id=\"t20_143\">VAP, sales and distribution </span><span class=\"S2D58 SC5 S2\" id=\"t21_143\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2D59 SC5 S2\" id=\"t22_143\">2021 </span><span class=\"S2D5A SC5 S2\" id=\"t23_143\">290 335 </span><span class=\"S2D5B SC5 S2\" id=\"t24_143\">0 </span><span class=\"S2D5C SC4 S2\" id=\"t25_143\">290 335 </span><span class=\"S2D5D SC5 S2\" id=\"t26_143\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2D5E SC5 S2\" id=\"t27_143\">2012 </span><span class=\"S2D5F S269C S2\" id=\"t28_143\">4) </span><span class=\"S2D60 SC5 S2\" id=\"t29_143\">149 216 </span><span class=\"S2D61 SC4 S2\" id=\"t2a_143\">149 216 </span><span class=\"S2D62 SC5 S2\" id=\"t2b_143\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2D63 SC5 S2\" id=\"t2c_143\">2005, 2006 </span><span class=\"S2D64 SC5 S2\" id=\"t2d_143\">122 460 </span><span class=\"S2D65 SC5 S2\" id=\"t2e_143\">7 704 </span><span class=\"S2D66 S269C S2\" id=\"t2f_143\">3) </span><span class=\"S2D67 SC4 S2\" id=\"t2g_143\">130 164 </span><span class=\"S2D68 SC5 S2\" id=\"t2h_143\">Ler\u00f8y Fossen AS </span><span class=\"S2D69 SC5 S2\" id=\"t2i_143\">2006 </span><span class=\"S2D6A SC5 S2\" id=\"t2j_143\">23 976 </span><span class=\"S2D6B SC4 S2\" id=\"t2k_143\">23 976 </span><span class=\"S2D6C SC5 S2\" id=\"t2l_143\">Ler\u00f8y Finland OY </span><span class=\"S2D6D SC5 S2\" id=\"t2m_143\">2011 </span><span class=\"S2D6E S269C S2\" id=\"t2n_143\">4) </span><span class=\"S2D6F SC5 S2\" id=\"t2o_143\">21 215 </span><span class=\"S2D70 SC5 S2\" id=\"t2p_143\">119 </span><span class=\"S2D71 S269C S2\" id=\"t2q_143\">3) </span><span class=\"S2D72 SC4 S2\" id=\"t2r_143\">21 334 </span><span class=\"S2D73 SC5 S2\" id=\"t2s_143\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2D74 SC5 S2\" id=\"t2t_143\">2002, 2003 </span><span class=\"S2D75 SC5 S2\" id=\"t2u_143\">17 473 </span><span class=\"S2D76 SC4 S2\" id=\"t2v_143\">17 473 </span><span class=\"S2D77 SC5 S2\" id=\"t2w_143\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2D78 SC5 S2\" id=\"t2x_143\">2001, 2004 </span><span class=\"S2D79 SC5 S2\" id=\"t2y_143\">12 505 </span><span class=\"S2D7A SC4 S2\" id=\"t2z_143\">12 505 </span><span class=\"S2D7B SC5 S2\" id=\"t30_143\">SAS Hallvard Ler\u00f8y </span><span class=\"S2D7C SC5 S2\" id=\"t31_143\">2008 </span><span class=\"S2D7D SC5 S2\" id=\"t32_143\">9 979 </span><span class=\"S2D7E SC4 S2\" id=\"t33_143\">9 979 </span><span class=\"S2D7F SC5 S2\" id=\"t34_143\">Sj\u00f8mathuset AS </span><span class=\"S2D80 SC5 S2\" id=\"t35_143\">2006, 2009 </span><span class=\"S2D81 SC5 S2\" id=\"t36_143\">6 175 </span><span class=\"S2D82 SC5 S2\" id=\"t37_143\">1 250 </span><span class=\"S2D83 S269C S2\" id=\"t38_143\">3) </span><span class=\"S2D84 SC4 S2\" id=\"t39_143\">7 425 </span><span class=\"S2D85 SC5 S2\" id=\"t3a_143\">Ler\u00f8y Tyrkia </span><span class=\"S2D86 SC5 S2\" id=\"t3b_143\">2015 </span><span class=\"S2D87 S269C S2\" id=\"t3c_143\">4) </span><span class=\"S2D88 SC5 S2\" id=\"t3d_143\">5 068 </span><span class=\"S2D89 SC5 S2\" id=\"t3e_143\">36 </span><span class=\"S2D8A SC4 S2\" id=\"t3f_143\">5 104 </span><span class=\"S2D8B SC5 S2\" id=\"t3g_143\">SAS Eurosalmon </span><span class=\"S2D8C SC5 S2\" id=\"t3h_143\">2008 </span><span class=\"S2D8D SC5 S2\" id=\"t3i_143\">4 697 </span><span class=\"S2D8E SC4 S2\" id=\"t3j_143\">4 697 </span><span class=\"S2D8F SC5 S2\" id=\"t3k_143\">Ler\u00f8y Seafood AS </span><span class=\"S2D90 SC5 S2\" id=\"t3l_143\">1997, 2000 </span><span class=\"S2D91 SC5 S2\" id=\"t3m_143\">3 976 </span><span class=\"S2D92 SC5 S2\" id=\"t3n_143\">0 </span><span class=\"S2D93 SC4 S2\" id=\"t3o_143\">3 976 </span><span class=\"S2D94 SC5 S2\" id=\"t3p_143\">Leroy Seafood Italy SRL </span><span class=\"S2D95 SC5 S2\" id=\"t3q_143\">2020 </span><span class=\"S2D96 SC5 S2\" id=\"t3r_143\">0 </span><span class=\"S2D97 SC5 S2\" id=\"t3s_143\">1 972 </span><span class=\"S2D98 S269C S2\" id=\"t3t_143\">3) </span><span class=\"S2D99 SC4 S2\" id=\"t3u_143\">1 972 </span><span class=\"S2D9A SC5 S2\" id=\"t3v_143\">Ler\u00f8y Portugal Ltd </span><span class=\"S2D9B SC5 S2\" id=\"t3w_143\">2004 </span><span class=\"S2D9C SC5 S2\" id=\"t3x_143\">524 </span><span class=\"S2D9D SC5 S2\" id=\"t3y_143\">1 446 </span><span class=\"S2D9E S269C S2\" id=\"t3z_143\">3) </span><span class=\"S2D9F SC4 S2\" id=\"t40_143\">1 970 </span><span class=\"S2DA0 SC5 S2\" id=\"t41_143\">SAS Fish Cut </span><span class=\"S2DA1 SC5 S2\" id=\"t42_143\">2003 </span><span class=\"S2DA2 SC5 S2\" id=\"t43_143\">1 050 </span><span class=\"S2DA3 SC4 S2\" id=\"t44_143\">1 050 </span><span class=\"S2DA4 SC5 S2\" id=\"t45_143\">Ler\u00f8y Processing Spain </span><span class=\"S2DA5 SC5 S2\" id=\"t46_143\">2016 </span><span class=\"S2DA6 SC5 S2\" id=\"t47_143\">0 </span><span class=\"S2DA7 SC5 S2\" id=\"t48_143\">664 </span><span class=\"S2DA8 S269C S2\" id=\"t49_143\">3) </span><span class=\"S2DA9 SC4 S2\" id=\"t4a_143\">664 </span><span class=\"S2DAA SC4 S2\" id=\"t4b_143\">Total </span><span class=\"S2DAB S269C S2\" id=\"t4c_143\">4) </span><span class=\"S2DAC SC4 S2\" id=\"t4d_143\">668 648 </span><span class=\"S2DAD SC4 S2\" id=\"t4e_143\">0 </span><span class=\"S2DAE SC4 S2\" id=\"t4f_143\">13 191 </span><span class=\"S2DAF S2D10 S2\" id=\"t4g_143\">3) </span><span class=\"S2DB0 SC4 S2\" id=\"t4h_143\">681 839 </span><span class=\"S2DB1 SC4 S2\" id=\"t4i_143\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2DB2 SC5 S2\" id=\"t4j_143\">2017-2020 </span><span class=\"S2DB3 SC4 S2\" id=\"t4k_143\">54 803 </span><span class=\"S2DB4 S2D10 S2\" id=\"t4l_143\">6) </span><span class=\"S2DB5 SC4 S2\" id=\"t4m_143\">54 803 </span><span class=\"S2DB6 SC4 S2\" id=\"t4n_143\">Total </span><span class=\"S2DB7 SC4 S2\" id=\"t4o_143\">2 516 619 </span><span class=\"S2DB8 SC4 S2\" id=\"t4p_143\">5 999 540 </span><span class=\"S2DB9 SC4 S2\" id=\"t4q_143\">34 009 </span><span class=\"S2DBA SC4 S2\" id=\"t4r_143\">8 550 168 </span><span class=\"S2DBB SAF1 S2\" id=\"t4s_143\">1) Consists of the Midnor acquisition from 2003 and the Hydrotech acquisition from 2006. The companies are now merged. </span><span class=\"S2DBC SAF1 S2\" id=\"t4t_143\">2) Consists of the Aurora acquisition from 2005, the Villa acquisition from 2014, in addition to paid amount for increased volume in 2017, 2018 </span><span class=\"S2DBD SAF1 S2\" id=\"t4u_143\">and 2020 </span><span class=\"S2DBE SAF1 S2\" id=\"t4v_143\">3) Rights with a de\ufb01nite useful life and are subject to amortisation. </span><span class=\"S2DBF SAF1 S2\" id=\"t4w_143\">4) The change in goodwill comes mainly from currency translation differences related to foreign subsidiaries to NOK (IAS 21) </span><span class=\"S2DC0 SAF1 S2\" id=\"t4x_143\">5) A certain part of the total value has a de\ufb01nite useful life, and is subject to amortisation. </span><span class=\"S2DC1 SAF1 S2\" id=\"t4y_143\">6) Consists of initial costs related to R&amp;D licence granted to LSG ASA, and in process of being accepted. Will be operated by Ler\u00f8y Vest AS </span><span class=\"S2DC2 SAF1 S2\" id=\"t4z_143\">7) Increase is related to acquisition of water fall rights to a power plant, with unde\ufb01nite lifetime </span><span class=\"S1E32 SC8 S2\" id=\"t1_144\">by LSG at the end of the \ufb01nancial </span><span class=\"S2DC3 SC8 S2\" id=\"t2_144\">year according to type, number and </span><span class=\"S2230 SC8 S2\" id=\"t3_144\">volume. The list is based on data </span><span class=\"S2DC4 SC8 S2\" id=\"t4_144\">registered in the Aquaculture Register. </span><span class=\"S2DC5 SC7 S2\" id=\"t5_144\">Licences </span><span class=\"S2DC6 S1C40 S2\" id=\"t6_144\">Licences in the Farming segment </span><span class=\"S1E60 SC8 S2\" id=\"t7_144\">The net book value of licences in the </span><span class=\"S2DC7 SC8 S2\" id=\"t8_144\">Farming segment is NOK 2 484 676 </span><span class=\"S2DC8 SC8 S2\" id=\"t9_144\">including the capitalized costs </span><span class=\"S2DC9 SC8 S2\" id=\"ta_144\">related to the renewal of the R&amp;D </span><span class=\"S2327 SC8 S2\" id=\"tb_144\">licence in Ler\u00f8y Seafood Group ASA. </span><span class=\"S2DCA SC8 S2\" id=\"tc_144\">Below is a list of the licences owned </span><span class=\"S2DCB SC4 S2\" id=\"td_144\">Salmon and trout licences as of </span><span class=\"S2DCC SC4 S2\" id=\"te_144\">31.12.2021, commercial and special </span><span class=\"S2DCD SC4 S2\" id=\"tf_144\">purpose licences </span><span class=\"S2DCE SC4 S2\" id=\"tg_144\">Region West </span><span class=\"S2DCF SC4 S2\" id=\"th_144\">Region Central </span><span class=\"S2DD0 SC4 S2\" id=\"ti_144\">Region North </span><span class=\"S2DD1 SC4 S2\" id=\"tj_144\">Total Group </span><span class=\"S2DD2 SC4 S2\" id=\"tk_144\">Number </span><span class=\"S2DD3 SC4 S2\" id=\"tl_144\">Volume </span><span class=\"S2DD4 SC4 S2\" id=\"tm_144\">(MTB) </span><span class=\"S2DD5 SC4 S2\" id=\"tn_144\">Number </span><span class=\"S2DD6 SC4 S2\" id=\"to_144\">Volume </span><span class=\"S2DD7 SC4 S2\" id=\"tp_144\">(MTB) </span><span class=\"S2DD8 SC4 S2\" id=\"tq_144\">Number </span><span class=\"S2DD9 SC4 S2\" id=\"tr_144\">Volume </span><span class=\"S2DDA SC4 S2\" id=\"ts_144\">(MTB) </span><span class=\"S2DDB SC4 S2\" id=\"tt_144\">Number </span><span class=\"S2DDC SC4 S2\" id=\"tu_144\">Volume </span><span class=\"S2DDD SC4 S2\" id=\"tv_144\">(MTB) </span><span class=\"S2DDE SC5 S2\" id=\"tw_144\">Commercial grow-out licences </span><span class=\"S2DDF S269C S2\" id=\"tx_144\">1) </span><span class=\"S2DE0 SC5 S2\" id=\"ty_144\">57 </span><span class=\"S2DE1 SC5 S2\" id=\"tz_144\">44 013 </span><span class=\"S2DE2 SC5 S2\" id=\"t10_144\">53 </span><span class=\"S2DE3 SC5 S2\" id=\"t11_144\">41 317 </span><span class=\"S2DE4 SC5 S2\" id=\"t12_144\">25 </span><span class=\"S2DE5 SC5 S2\" id=\"t13_144\">25 502 </span><span class=\"S2DE6 SC5 S2\" id=\"t14_144\">135 </span><span class=\"S2DE7 SC5 S2\" id=\"t15_144\">110 831 </span><span class=\"S2DE8 SC5 S2\" id=\"t16_144\">Slaughter cage licences </span><span class=\"S2DE9 SC5 S2\" id=\"t17_144\">1 </span><span class=\"S2DEA SC5 S2\" id=\"t18_144\">780 </span><span class=\"S2DEB SC5 S2\" id=\"t19_144\">1 </span><span class=\"S2DEC SC5 S2\" id=\"t1a_144\">780 </span><span class=\"S2DED SC5 S2\" id=\"t1b_144\">2 </span><span class=\"S2DEE SC5 S2\" id=\"t1c_144\">1 800 </span><span class=\"S2DEF SC5 S2\" id=\"t1d_144\">4 </span><span class=\"S2DF0 SC5 S2\" id=\"t1e_144\">3 360 </span><span class=\"S2DF1 SC5 S2\" id=\"t1f_144\">R&amp;D licences </span><span class=\"S2DF2 S269C S2\" id=\"t1g_144\">2) </span><span class=\"S2DF3 SC5 S2\" id=\"t1h_144\">1 </span><span class=\"S2DF4 SC5 S2\" id=\"t1i_144\">780 </span><span class=\"S2DF5 SC5 S2\" id=\"t1j_144\">1 </span><span class=\"S2DF6 SC5 S2\" id=\"t1k_144\">780 </span><span class=\"S2DF7 SC5 S2\" id=\"t1l_144\">Green farming licences </span><span class=\"S2DF8 SC5 S2\" id=\"t1m_144\">1 </span><span class=\"S2DF9 SC5 S2\" id=\"t1n_144\">780 </span><span class=\"S2DFA SC5 S2\" id=\"t1o_144\">1 </span><span class=\"S2DFB SC5 S2\" id=\"t1p_144\">780 </span><span class=\"S2DFC SC5 S2\" id=\"t1q_144\">Demonstration licences </span><span class=\"S2DFD SC5 S2\" id=\"t1r_144\">1 </span><span class=\"S2DFE SC5 S2\" id=\"t1s_144\">780 </span><span class=\"S2DFF SC5 S2\" id=\"t1t_144\">1 </span><span class=\"S2E00 SC5 S2\" id=\"t1u_144\">780 </span><span class=\"S2E01 SC5 S2\" id=\"t1v_144\">1 </span><span class=\"S2E02 SC5 S2\" id=\"t1w_144\">780 </span><span class=\"S2E03 SC5 S2\" id=\"t1x_144\">3 </span><span class=\"S2E04 SC5 S2\" id=\"t1y_144\">2 340 </span><span class=\"S2E05 SC5 S2\" id=\"t1z_144\">Teaching licences </span><span class=\"S2E06 S269C S2\" id=\"t20_144\">3) </span><span class=\"S2E07 SC5 S2\" id=\"t21_144\">1 </span><span class=\"S2E08 SC5 S2\" id=\"t22_144\">780 </span><span class=\"S2E09 SC5 S2\" id=\"t23_144\">1 </span><span class=\"S2E0A SC5 S2\" id=\"t24_144\">390 </span><span class=\"S2E0B SC5 S2\" id=\"t25_144\">2 </span><span class=\"S2E0C SC5 S2\" id=\"t26_144\">1 170 </span><span class=\"S2E0D SC5 S2\" id=\"t27_144\">Parent \ufb01sh licences </span><span class=\"S2E0E S269C S2\" id=\"t28_144\">4) </span><span class=\"S2E0F SC5 S2\" id=\"t29_144\">2 </span><span class=\"S2E10 SC5 S2\" id=\"t2a_144\">1 560 </span><span class=\"S2E11 SC5 S2\" id=\"t2b_144\">3 </span><span class=\"S2E12 SC5 S2\" id=\"t2c_144\">2 340 </span><span class=\"S2E13 SC5 S2\" id=\"t2d_144\">5 </span><span class=\"S2E14 SC5 S2\" id=\"t2e_144\">3 900 </span><span class=\"S2E15 SC5 S2\" id=\"t2f_144\">Land-based grow-out licence </span><span class=\"S2E16 S269C S2\" id=\"t2g_144\">5) </span><span class=\"S2E17 SC5 S2\" id=\"t2h_144\">1 </span><span class=\"S2E18 SC5 S2\" id=\"t2i_144\">10 000 </span><span class=\"S2E19 SC5 S2\" id=\"t2j_144\">1 </span><span class=\"S2E1A SC5 S2\" id=\"t2k_144\">10 000 </span><span class=\"S2E1B SC4 S2\" id=\"t2l_144\">Total number and volume </span><span class=\"S2E1C SC4 S2\" id=\"t2m_144\">64 </span><span class=\"S2E1D SC4 S2\" id=\"t2n_144\">58 693 </span><span class=\"S2E1E SC4 S2\" id=\"t2o_144\">58 </span><span class=\"S2E1F SC4 S2\" id=\"t2p_144\">45 217 </span><span class=\"S2E20 SC4 S2\" id=\"t2q_144\">30 </span><span class=\"S2E21 SC4 S2\" id=\"t2r_144\">29 252 </span><span class=\"S2E22 SC4 S2\" id=\"t2s_144\">152 </span><span class=\"S2E23 SC4 S2\" id=\"t2t_144\">133 161 </span><span class=\"S2E24 SC4 S2\" id=\"t2u_144\">Salmon and trout licences as of </span><span class=\"S2E25 SC4 S2\" id=\"t2v_144\">31.12.2022, commercial and special </span><span class=\"S2E26 SC4 S2\" id=\"t2w_144\">purpose licences </span><span class=\"S2E27 SC4 S2\" id=\"t2x_144\">Region West </span><span class=\"S2E28 SC4 S2\" id=\"t2y_144\">Region Central </span><span class=\"S2E29 SC4 S2\" id=\"t2z_144\">Region North </span><span class=\"S2E2A SC4 S2\" id=\"t30_144\">Total Group </span><span class=\"S2E2B SC4 S2\" id=\"t31_144\">Number </span><span class=\"S2E2C SC4 S2\" id=\"t32_144\">Volume </span><span class=\"S2E2D SC4 S2\" id=\"t33_144\">(MTB) </span><span class=\"S2E2E SC4 S2\" id=\"t34_144\">Number </span><span class=\"S2E2F SC4 S2\" id=\"t35_144\">Volume </span><span class=\"S2E30 SC4 S2\" id=\"t36_144\">(MTB) </span><span class=\"S2E31 SC4 S2\" id=\"t37_144\">Number </span><span class=\"S2E32 SC4 S2\" id=\"t38_144\">Volume </span><span class=\"S2E33 SC4 S2\" id=\"t39_144\">(MTB) </span><span class=\"S2E34 SC4 S2\" id=\"t3a_144\">Number </span><span class=\"S2E35 SC4 S2\" id=\"t3b_144\">Volume </span><span class=\"S2E36 SC4 S2\" id=\"t3c_144\">(MTB) </span><span class=\"S2E37 SC5 S2\" id=\"t3d_144\">Commercial grow-out licences </span><span class=\"S2E38 S269C S2\" id=\"t3e_144\">1) </span><span class=\"S2E39 SC5 S2\" id=\"t3f_144\">57 </span><span class=\"S2E3A SC5 S2\" id=\"t3g_144\">41 372 </span><span class=\"S2E3B SC5 S2\" id=\"t3h_144\">53 </span><span class=\"S2E3C SC5 S2\" id=\"t3i_144\">41 317 </span><span class=\"S2E3D SC5 S2\" id=\"t3j_144\">25 </span><span class=\"S2E3E SC5 S2\" id=\"t3k_144\">25 502 </span><span class=\"S2E3F SC5 S2\" id=\"t3l_144\">135 </span><span class=\"S2E40 SC5 S2\" id=\"t3m_144\">108 190 </span><span class=\"S2E41 SC5 S2\" id=\"t3n_144\">Slaughter cage licences </span><span class=\"S2E42 SC5 S2\" id=\"t3o_144\">1 </span><span class=\"S2E43 SC5 S2\" id=\"t3p_144\">780 </span><span class=\"S2E44 SC5 S2\" id=\"t3q_144\">1 </span><span class=\"S2E45 SC5 S2\" id=\"t3r_144\">780 </span><span class=\"S2E46 SC5 S2\" id=\"t3s_144\">2 </span><span class=\"S2E47 SC5 S2\" id=\"t3t_144\">1 800 </span><span class=\"S2E48 SC5 S2\" id=\"t3u_144\">4 </span><span class=\"S2E49 SC5 S2\" id=\"t3v_144\">3 360 </span><span class=\"S2E4A SC5 S2\" id=\"t3w_144\">R&amp;D licences </span><span class=\"S2E4B S269C S2\" id=\"t3x_144\">2) </span><span class=\"S2E4C SC5 S2\" id=\"t3y_144\">1 </span><span class=\"S2E4D SC5 S2\" id=\"t3z_144\">780 </span><span class=\"S2E4E SC5 S2\" id=\"t40_144\">1 </span><span class=\"S2E4F SC5 S2\" id=\"t41_144\">780 </span><span class=\"S2E50 SC5 S2\" id=\"t42_144\">Green farming licences </span><span class=\"S2E51 SC5 S2\" id=\"t43_144\">1 </span><span class=\"S2E52 SC5 S2\" id=\"t44_144\">733 </span><span class=\"S2E53 SC5 S2\" id=\"t45_144\">1 </span><span class=\"S2E54 SC5 S2\" id=\"t46_144\">733 </span><span class=\"S2E55 SC5 S2\" id=\"t47_144\">Demonstration licences </span><span class=\"S2E56 SC5 S2\" id=\"t48_144\">1 </span><span class=\"S2E57 SC5 S2\" id=\"t49_144\">780 </span><span class=\"S2E58 SC5 S2\" id=\"t4a_144\">1 </span><span class=\"S2E59 SC5 S2\" id=\"t4b_144\">780 </span><span class=\"S2E5A SC5 S2\" id=\"t4c_144\">1 </span><span class=\"S2E5B SC5 S2\" id=\"t4d_144\">780 </span><span class=\"S2E5C SC5 S2\" id=\"t4e_144\">3 </span><span class=\"S2E5D SC5 S2\" id=\"t4f_144\">2 340 </span><span class=\"S2E5E SC5 S2\" id=\"t4g_144\">Teaching licences </span><span class=\"S2E5F S269C S2\" id=\"t4h_144\">3) </span><span class=\"S2E60 SC5 S2\" id=\"t4i_144\">1 </span><span class=\"S2E61 SC5 S2\" id=\"t4j_144\">780 </span><span class=\"S2E62 SC5 S2\" id=\"t4k_144\">1 </span><span class=\"S2E63 SC5 S2\" id=\"t4l_144\">390 </span><span class=\"S2E64 SC5 S2\" id=\"t4m_144\">2 </span><span class=\"S2E65 SC5 S2\" id=\"t4n_144\">1 170 </span><span class=\"S2E66 SC5 S2\" id=\"t4o_144\">Parent \ufb01sh licences </span><span class=\"S2E67 S269C S2\" id=\"t4p_144\">4) </span><span class=\"S2E68 SC5 S2\" id=\"t4q_144\">2 </span><span class=\"S2E69 SC5 S2\" id=\"t4r_144\">1 560 </span><span class=\"S2E6A SC5 S2\" id=\"t4s_144\">3 </span><span class=\"S2E6B SC5 S2\" id=\"t4t_144\">2 340 </span><span class=\"S2E6C SC5 S2\" id=\"t4u_144\">5 </span><span class=\"S2E6D SC5 S2\" id=\"t4v_144\">3 900 </span><span class=\"S2E6E SC5 S2\" id=\"t4w_144\">Land-based grow-out licence </span><span class=\"S2E6F S269C S2\" id=\"t4x_144\">5) </span><span class=\"S2E70 SC5 S2\" id=\"t4y_144\">1 </span><span class=\"S2E71 SC5 S2\" id=\"t4z_144\">10 000 </span><span class=\"S2E72 SC5 S2\" id=\"t50_144\">1 </span><span class=\"S2E73 SC5 S2\" id=\"t51_144\">10 000 </span><span class=\"S2E74 SC4 S2\" id=\"t52_144\">Total number and volume </span><span class=\"S2E75 SC4 S2\" id=\"t53_144\">64 </span><span class=\"S2E76 SC4 S2\" id=\"t54_144\">56 005 </span><span class=\"S2E77 SC4 S2\" id=\"t55_144\">58 </span><span class=\"S2E78 SC4 S2\" id=\"t56_144\">45 217 </span><span class=\"S2E79 SC4 S2\" id=\"t57_144\">30 </span><span class=\"S2E7A SC4 S2\" id=\"t58_144\">29 252 </span><span class=\"S2E7B SC4 S2\" id=\"t59_144\">152 </span><span class=\"S2E7C SC4 S2\" id=\"t5a_144\">130 473 </span><span class=\"S2E7D SAF1 S2\" id=\"t5b_144\">1) </span><span class=\"S2E7E SAF1 S2\" id=\"t5c_144\">The commercial </span><span class=\"S2E7F S2E94 S2\" id=\"t5d_144\">grown-out </span><span class=\"S2E80 SAF1 S2\" id=\"t5e_144\">licences are described further below. </span><span class=\"S2E81 SAF1 S2\" id=\"t5f_144\">2) The </span><span class=\"S2E82 S2E94 S2\" id=\"t5g_144\">R&amp;D licences </span><span class=\"S2E83 SAF1 S2\" id=\"t5h_144\">are time-limited with a duration of three years, from time of project start. The licences have zero purchase price, and </span><span class=\"S2E84 SAF1 S2\" id=\"t5i_144\">therefore no depreciation. The R&amp;D licence allocated to Ler\u00f8y Aurora in the table above legally belongs to Akvaplan Niva (third party), but is </span><span class=\"S2E85 SAF1 S2\" id=\"t5j_144\">operated by Ler\u00f8y Aurora. </span><span class=\"S2E86 SAF1 S2\" id=\"t5k_144\">3) The </span><span class=\"S2E87 S2E94 S2\" id=\"t5l_144\">teaching licences </span><span class=\"S2E88 SAF1 S2\" id=\"t5m_144\">are considered time-limited with a duration of 10 years. The licences have zero purchase price, and therefore no </span><span class=\"S2E89 SAF1 S2\" id=\"t5n_144\">depreciation. The teaching licence allocated to Ler\u00f8y Aurora in the table above legally belongs to Troms- og Finnmark Fylkeskommune </span><span class=\"S2E8A SAF1 S2\" id=\"t5o_144\">(third party), but is operated by Ler\u00f8y Aurora. </span><span class=\"S2E8B SAF1 S2\" id=\"t5p_144\">4) One of the </span><span class=\"S2E8C S2E94 S2\" id=\"t5q_144\">parent \ufb01sh licence </span><span class=\"S2E8D SAF1 S2\" id=\"t5r_144\">owned by Ler\u00f8y Midt, is operated by Ler\u00f8y Aurora. </span><span class=\"S2E8E SAF1 S2\" id=\"t5s_144\">5) The land-based grow-out licence is owned by Ler\u00f8y \u00c5rskog AS. The licence permits production of land-based salmon or trout or juvenile \ufb01sh </span><span class=\"S2E8F SAF1 S2\" id=\"t5t_144\">or a combination, for a total volume of 10,000 tonnes. Theoretically the authorities may withdraw this licence if the production has not </span><span class=\"S2E90 SAF1 S2\" id=\"t5u_144\">started within two years after reward date. The licences was awarded the 25th of March 2019. The risk for withdrawal is considered as low, </span><span class=\"S2E91 SAF1 S2\" id=\"t5v_144\">since the ground work for the plant is started. </span><span class=\"S2E92 SAF1 S2\" id=\"t5w_144\">For a more detailed explanation of why farming licences are deemed to have an inde\ufb01nite useful life and are therefore not subject to </span><span class=\"S2E93 SAF1 S2\" id=\"t5x_144\">amortisation, please see item (X) in the note on accounting policies. </span><span class=\"S2E95 SC4 S2\" id=\"t1_145\">Commercial grow-out licences </span><span class=\"S2E96 SC4 S2\" id=\"t2_145\">for salmon and trout </span><span class=\"S2E97 SC4 S2\" id=\"t3_145\">Region West </span><span class=\"S2E98 SC4 S2\" id=\"t4_145\">Region Central </span><span class=\"S2E99 SC4 S2\" id=\"t5_145\">Region North </span><span class=\"S2E9A SC4 S2\" id=\"t6_145\">Total Group </span><span class=\"S2E9B SC4 S2\" id=\"t7_145\">Number </span><span class=\"S2E9C SC4 S2\" id=\"t8_145\">Volume </span><span class=\"S2E9D SC4 S2\" id=\"t9_145\">(MTB) </span><span class=\"S2E9E SC4 S2\" id=\"ta_145\">Number </span><span class=\"S2E9F SC4 S2\" id=\"tb_145\">Volume </span><span class=\"S2EA0 SC4 S2\" id=\"tc_145\">(MTB) </span><span class=\"S2EA1 SC4 S2\" id=\"td_145\">Number </span><span class=\"S2EA2 SC4 S2\" id=\"te_145\">Volume </span><span class=\"S2EA3 SC4 S2\" id=\"tf_145\">(MTB) </span><span class=\"S2EA4 SC4 S2\" id=\"tg_145\">Number </span><span class=\"S2EA5 SC4 S2\" id=\"th_145\">Volume </span><span class=\"S2EA6 SC4 S2\" id=\"ti_145\">(MTB) </span><span class=\"S2EA7 SC4 S2\" id=\"tj_145\">Status as of 01.01.2021 </span><span class=\"S2EA8 SC5 S2\" id=\"tk_145\">57 </span><span class=\"S2EA9 SC5 S2\" id=\"tl_145\">44 013 </span><span class=\"S2EAA SC5 S2\" id=\"tm_145\">53 </span><span class=\"S2EAB SC5 S2\" id=\"tn_145\">41 317 </span><span class=\"S2EAC SC5 S2\" id=\"to_145\">25 </span><span class=\"S2EAD SC5 S2\" id=\"tp_145\">25 502 </span><span class=\"S2EAE SC5 S2\" id=\"tq_145\">135 </span><span class=\"S2EAF SC5 S2\" id=\"tr_145\">110 831 </span><span class=\"S2EB0 SC4 S2\" id=\"ts_145\">Changes in 2021 </span><span class=\"S2EB1 SC5 S2\" id=\"tt_145\">Temporary deductions in PA / reversal of deduction </span><span class=\"S2EB2 SC5 S2\" id=\"tu_145\">0 </span><span class=\"S2EB3 SC5 S2\" id=\"tv_145\">Growth purchased </span><span class=\"S2EB4 SC5 S2\" id=\"tw_145\">0 </span><span class=\"S2EB5 SC4 S2\" id=\"tx_145\">Status as of 31.12.2021 </span><span class=\"S2EB6 SC4 S2\" id=\"ty_145\">57 </span><span class=\"S2EB7 SC4 S2\" id=\"tz_145\">44 013 </span><span class=\"S2EB8 SC4 S2\" id=\"t10_145\">53 </span><span class=\"S2EB9 SC4 S2\" id=\"t11_145\">41 317 </span><span class=\"S2EBA SC4 S2\" id=\"t12_145\">25 </span><span class=\"S2EBB SC4 S2\" id=\"t13_145\">25 502 </span><span class=\"S2EBC SC4 S2\" id=\"t14_145\">135 </span><span class=\"S2EBD SC4 S2\" id=\"t15_145\">110 831 </span><span class=\"S2EBE SC4 S2\" id=\"t16_145\">Changes in 2022 </span><span class=\"S2EBF SC5 S2\" id=\"t17_145\">Temporary deductions in PA / reversal of deduction </span><span class=\"S2EC0 SC5 S2\" id=\"t18_145\">-2 641 </span><span class=\"S2EC1 SC5 S2\" id=\"t19_145\">-2 641 </span><span class=\"S2EC2 SC5 S2\" id=\"t1a_145\">Growth purchased </span><span class=\"S2EC3 SC5 S2\" id=\"t1b_145\">0 </span><span class=\"S2EC4 SC4 S2\" id=\"t1c_145\">Status as of 31.12.2022 </span><span class=\"S2EC5 SC4 S2\" id=\"t1d_145\">57 </span><span class=\"S2EC6 SC4 S2\" id=\"t1e_145\">41 372 </span><span class=\"S2EC7 SC4 S2\" id=\"t1f_145\">53 </span><span class=\"S2EC8 SC4 S2\" id=\"t1g_145\">41 317 </span><span class=\"S2EC9 SC4 S2\" id=\"t1h_145\">25 </span><span class=\"S2ECA SC4 S2\" id=\"t1i_145\">25 502 </span><span class=\"S2ECB SC4 S2\" id=\"t1j_145\">135 </span><span class=\"S2ECC SC4 S2\" id=\"t1k_145\">108 191 </span><span class=\"S2ECD SC4 S2\" id=\"t1l_145\">Grow-out licences as of 31.12 per production area (PA) </span><span class=\"S2ECE SC5 S2\" id=\"t1m_145\">PA 3 </span><span class=\"S2ECF SAF1 S2\" id=\"t1n_145\">Yellow </span><span class=\"S2ED0 SC5 S2\" id=\"t1o_145\">37 </span><span class=\"S2ED1 SC5 S2\" id=\"t1p_145\">27 128 </span><span class=\"S2ED2 SC5 S2\" id=\"t1q_145\">37 </span><span class=\"S2ED3 SC5 S2\" id=\"t1r_145\">27 128 </span><span class=\"S2ED4 SC5 S2\" id=\"t1s_145\">PA 4 </span><span class=\"S2ED5 SAF1 S2\" id=\"t1t_145\">Red </span><span class=\"S2ED6 SC5 S2\" id=\"t1u_145\">20 </span><span class=\"S2ED7 SC5 S2\" id=\"t1v_145\">14 244 </span><span class=\"S2ED8 SC5 S2\" id=\"t1w_145\">20 </span><span class=\"S2ED9 SC5 S2\" id=\"t1x_145\">14 244 </span><span class=\"S2EDA SC5 S2\" id=\"t1y_145\">PA 5 </span><span class=\"S2EDB SAF1 S2\" id=\"t1z_145\">Red </span><span class=\"S2EDC SC5 S2\" id=\"t20_145\">8 </span><span class=\"S2EDD SC5 S2\" id=\"t21_145\">5 866 </span><span class=\"S2EDE SC5 S2\" id=\"t22_145\">8 </span><span class=\"S2EDF SC5 S2\" id=\"t23_145\">5 866 </span><span class=\"S2EE0 SC5 S2\" id=\"t24_145\">PA 6 </span><span class=\"S2EE1 SAF1 S2\" id=\"t25_145\">Green </span><span class=\"S2EE2 SC5 S2\" id=\"t26_145\">45 </span><span class=\"S2EE3 SC5 S2\" id=\"t27_145\">35 451 </span><span class=\"S2EE4 SC5 S2\" id=\"t28_145\">45 </span><span class=\"S2EE5 SC5 S2\" id=\"t29_145\">35 451 </span><span class=\"S2EE6 SC5 S2\" id=\"t2a_145\">PA 11 </span><span class=\"S2EE7 SAF1 S2\" id=\"t2b_145\">Green </span><span class=\"S2EE8 SC5 S2\" id=\"t2c_145\">17 </span><span class=\"S2EE9 SC5 S2\" id=\"t2d_145\">16 962 </span><span class=\"S2EEA SC5 S2\" id=\"t2e_145\">17 </span><span class=\"S2EEB SC5 S2\" id=\"t2f_145\">16 962 </span><span class=\"S2EEC SC5 S2\" id=\"t2g_145\">PA 13 </span><span class=\"S2EED SAF1 S2\" id=\"t2h_145\">Green </span><span class=\"S2EEE SC5 S2\" id=\"t2i_145\">8 </span><span class=\"S2EEF SC5 S2\" id=\"t2j_145\">8 540 </span><span class=\"S2EF0 SC5 S2\" id=\"t2k_145\">8 </span><span class=\"S2EF1 SC5 S2\" id=\"t2l_145\">8 540 </span><span class=\"S2EF2 SC4 S2\" id=\"t2m_145\">Status as of 31.12.2022 </span><span class=\"S2EF3 SC4 S2\" id=\"t2n_145\">57 </span><span class=\"S2EF4 SC4 S2\" id=\"t2o_145\">41 372 </span><span class=\"S2EF5 SC4 S2\" id=\"t2p_145\">53 </span><span class=\"S2EF6 SC4 S2\" id=\"t2q_145\">41 317 </span><span class=\"S2EF7 SC4 S2\" id=\"t2r_145\">25 </span><span class=\"S2EF8 SC4 S2\" id=\"t2s_145\">25 502 </span><span class=\"S2EF9 SC4 S2\" id=\"t2t_145\">135 </span><span class=\"S2EFA SC4 S2\" id=\"t2u_145\">108 190 </span><span class=\"S2EFB SC5 S2\" id=\"t2v_145\">The colors relate to the \u00abtraf\ufb01c light system\u00bb. The traf\ufb01c light system is described in the note on accounting principles under section about licences. </span><span class=\"S2EFC S2F63 S2\" id=\"t2w_145\">Red area: </span><span class=\"S2EFD SAF1 S2\" id=\"t2x_145\">Temporary reduction in volume of 6% in PO 3 and PO 4, which equals a reduction of 2.641 tons. This is the second time PO 4 has expe- </span><span class=\"S2EFE SAF1 S2\" id=\"t2y_145\">rienced a reduction in production capacy. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2EFF S2F63 S2\" id=\"t2z_145\">Yellow area</span><span class=\"S2F00 SAF1 S2\" id=\"t30_145\">: No changes in volume. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2F01 S2F63 S2\" id=\"t31_145\">Green area: </span><span class=\"S2F02 SAF1 S2\" id=\"t32_145\">Is opened for growth. The Group did not buy any growth offered in 2022. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2F03 SC4 S2\" id=\"t33_145\">Other farming licences </span><span class=\"S2F04 SC4 S2\" id=\"t34_145\">Region West </span><span class=\"S2F05 SC4 S2\" id=\"t35_145\">Region Central </span><span class=\"S2F06 SC4 S2\" id=\"t36_145\">Region North </span><span class=\"S2F07 SC4 S2\" id=\"t37_145\">Total Group </span><span class=\"S2F08 SC4 S2\" id=\"t38_145\">Number </span><span class=\"S2F09 SC4 S2\" id=\"t39_145\">Volume </span><span class=\"S2F0A SC4 S2\" id=\"t3a_145\">(MTB) </span><span class=\"S2F0B SC4 S2\" id=\"t3b_145\">Number </span><span class=\"S2F0C SC4 S2\" id=\"t3c_145\">Volume </span><span class=\"S2F0D SC4 S2\" id=\"t3d_145\">(MTB) </span><span class=\"S2F0E SC4 S2\" id=\"t3e_145\">Number </span><span class=\"S2F0F SC4 S2\" id=\"t3f_145\">Volume </span><span class=\"S2F10 SC4 S2\" id=\"t3g_145\">(MTB) </span><span class=\"S2F11 SC4 S2\" id=\"t3h_145\">Number </span><span class=\"S2F12 SC4 S2\" id=\"t3i_145\">Volume </span><span class=\"S2F13 SC4 S2\" id=\"t3j_145\">(MTB) </span><span class=\"S2F14 SC4 S2\" id=\"t3k_145\">Status as of 31.12.2021 </span><span class=\"S2F15 SC5 S2\" id=\"t3l_145\">Juvenile \ufb01sh licences </span><span class=\"S2F16 SC5 S2\" id=\"t3m_145\">13.0 </span><span class=\"S2F17 SC5 S2\" id=\"t3n_145\">38.9 </span><span class=\"S2F18 SC5 S2\" id=\"t3o_145\">6.0 </span><span class=\"S2F19 SC5 S2\" id=\"t3p_145\">23.6 </span><span class=\"S2F1A SC5 S2\" id=\"t3q_145\">1.0 </span><span class=\"S2F1B SC5 S2\" id=\"t3r_145\">15.2 </span><span class=\"S2F1C SC5 S2\" id=\"t3s_145\">20.0 </span><span class=\"S2F1D SC5 S2\" id=\"t3t_145\">77.7 </span><span class=\"S2F1E SC5 S2\" id=\"t3u_145\">Cleaner \ufb01sh licences </span><span class=\"S2F1F SC5 S2\" id=\"t3v_145\">4.0 </span><span class=\"S2F20 SC5 S2\" id=\"t3w_145\">9.0 </span><span class=\"S2F21 SC5 S2\" id=\"t3x_145\">1.0 </span><span class=\"S2F22 SC5 S2\" id=\"t3y_145\">2.5 </span><span class=\"S2F23 SC5 S2\" id=\"t3z_145\">1.0 </span><span class=\"S2F24 SC5 S2\" id=\"t40_145\">2.5 </span><span class=\"S2F25 SC5 S2\" id=\"t41_145\">6.0 </span><span class=\"S2F26 SC5 S2\" id=\"t42_145\">14.0 </span><span class=\"S2F27 SC4 S2\" id=\"t43_145\">Total </span><span class=\"S2F28 SC4 S2\" id=\"t44_145\">17 </span><span class=\"S2F29 SC4 S2\" id=\"t45_145\">47.9 </span><span class=\"S2F2A SC4 S2\" id=\"t46_145\">7 </span><span class=\"S2F2B SC4 S2\" id=\"t47_145\">26.1 </span><span class=\"S2F2C SC4 S2\" id=\"t48_145\">2 </span><span class=\"S2F2D SC4 S2\" id=\"t49_145\">17.7 </span><span class=\"S2F2E SC4 S2\" id=\"t4a_145\">26 </span><span class=\"S2F2F SC4 S2\" id=\"t4b_145\">91.7 </span><span class=\"S2F30 SC4 S2\" id=\"t4c_145\">Changes in 2022 </span><span class=\"S2F31 SC5 S2\" id=\"t4d_145\">Juvenile \ufb01sh licences </span><span class=\"S2F32 SC5 S2\" id=\"t4e_145\">-2.0 </span><span class=\"S2F33 SC5 S2\" id=\"t4f_145\">-4.1 </span><span class=\"S2F34 SC5 S2\" id=\"t4g_145\">-2.0 </span><span class=\"S2F35 SC5 S2\" id=\"t4h_145\">-4.1 </span><span class=\"S2F36 SC5 S2\" id=\"t4i_145\">Cleaner \ufb01sh licences </span><span class=\"S2F37 SC5 S2\" id=\"t4j_145\">0.0 </span><span class=\"S2F38 SC5 S2\" id=\"t4k_145\">0.0 </span><span class=\"S2F39 SC4 S2\" id=\"t4l_145\">Total </span><span class=\"S2F3A SC4 S2\" id=\"t4m_145\">-2.0 </span><span class=\"S2F3B SC4 S2\" id=\"t4n_145\">-4.1 </span><span class=\"S2F3C SC4 S2\" id=\"t4o_145\">0.0 </span><span class=\"S2F3D SC4 S2\" id=\"t4p_145\">0.0 </span><span class=\"S2F3E SC4 S2\" id=\"t4q_145\">0.0 </span><span class=\"S2F3F SC4 S2\" id=\"t4r_145\">0.0 </span><span class=\"S2F40 SC4 S2\" id=\"t4s_145\">-2.0 </span><span class=\"S2F41 SC4 S2\" id=\"t4t_145\">-4.1 </span><span class=\"S2F42 SC4 S2\" id=\"t4u_145\">Status as of 31.12.2022 </span><span class=\"S2F43 SC5 S2\" id=\"t4v_145\">Juvenile \ufb01sh licences </span><span class=\"S2F44 SC5 S2\" id=\"t4w_145\">11.0 </span><span class=\"S2F45 SC5 S2\" id=\"t4x_145\">34.9 </span><span class=\"S2F46 SC5 S2\" id=\"t4y_145\">6.0 </span><span class=\"S2F47 SC5 S2\" id=\"t4z_145\">23.6 </span><span class=\"S2F48 SC5 S2\" id=\"t50_145\">1.0 </span><span class=\"S2F49 SC5 S2\" id=\"t51_145\">15.2 </span><span class=\"S2F4A SC5 S2\" id=\"t52_145\">18.0 </span><span class=\"S2F4B SC5 S2\" id=\"t53_145\">73.6 </span><span class=\"S2F4C SC5 S2\" id=\"t54_145\">Cleaner \ufb01sh licences </span><span class=\"S2F4D SC5 S2\" id=\"t55_145\">4.0 </span><span class=\"S2F4E SC5 S2\" id=\"t56_145\">9.0 </span><span class=\"S2F4F SC5 S2\" id=\"t57_145\">1.0 </span><span class=\"S2F50 SC5 S2\" id=\"t58_145\">2.5 </span><span class=\"S2F51 SC5 S2\" id=\"t59_145\">1.0 </span><span class=\"S2F52 SC5 S2\" id=\"t5a_145\">2.5 </span><span class=\"S2F53 SC5 S2\" id=\"t5b_145\">6.0 </span><span class=\"S2F54 SC5 S2\" id=\"t5c_145\">14.0 </span><span class=\"S2F55 SC4 S2\" id=\"t5d_145\">Total </span><span class=\"S2F56 SC4 S2\" id=\"t5e_145\">15.0 </span><span class=\"S2F57 SC4 S2\" id=\"t5f_145\">43.9 </span><span class=\"S2F58 SC4 S2\" id=\"t5g_145\">7.0 </span><span class=\"S2F59 SC4 S2\" id=\"t5h_145\">26.1 </span><span class=\"S2F5A SC4 S2\" id=\"t5i_145\">2.0 </span><span class=\"S2F5B SC4 S2\" id=\"t5j_145\">17.7 </span><span class=\"S2F5C SC4 S2\" id=\"t5k_145\">24.0 </span><span class=\"S2F5D SC4 S2\" id=\"t5l_145\">87.6 </span><span class=\"S2F5E SC5 S2\" id=\"t5m_145\">The Group has also licences to cultivate seaweed in Vestland county. These are located in the same geographical area as the licences for </span><span class=\"S2F5F SC5 S2\" id=\"t5n_145\">salmon farming. The licences alows a cultivation of a total of 1013 decares. Furthermore, the Group have two seaweed licences totalling 830 </span><span class=\"S2F60 SC5 S2\" id=\"t5o_145\">decares under process of approval. These licences have normally inde\ufb01nite lifetime. The licences are awarded after an application process, </span><span class=\"S2F61 SC5 S2\" id=\"t5p_145\">and have no purchase price. </span><span class=\"S2F64 SC8 S2\" id=\"t1_146\">vessels in operation, the \ufb01sheries </span><span class=\"S2F65 SC8 S2\" id=\"t2_146\">authorities have implemented </span><span class=\"S2F66 SC8 S2\" id=\"t3_146\">schemes allowing for companies to </span><span class=\"S2F67 SC8 S2\" id=\"t4_146\">merge several quota units per vessel </span><span class=\"S2F68 SC8 S2\" id=\"t5_146\">in return for the permanent removal </span><span class=\"S2F69 SC8 S2\" id=\"t6_146\">of vessels that have handed over their </span><span class=\"S2F6A SC8 S2\" id=\"t7_146\">quotas from the registry of \ufb01sheries. </span><span class=\"S2F6B SC8 S2\" id=\"t8_146\">Each vessel has one cod trawling </span><span class=\"S2F6C SC8 S2\" id=\"t9_146\">permit, a so-called basic quota. </span><span class=\"S2F6D SC8 S2\" id=\"ta_146\">Vessels can also have so-called </span><span class=\"SD0A SC8 S2\" id=\"tb_146\">structural quotas for cod trawling. In </span><span class=\"S2F6E SC8 S2\" id=\"tc_146\">total, one vessel cannot have more </span><span class=\"S2F6F SC8 S2\" id=\"td_146\">than four quotas per \ufb01sh species. The </span><span class=\"SD0D SC8 S2\" id=\"te_146\">structural quotas have a limited </span><span class=\"S2F70 SC8 S2\" id=\"tf_146\">duration according to the scheme in </span><span class=\"S2F71 SC8 S2\" id=\"tg_146\">place when the quota was structured. </span><span class=\"S2F72 SC8 S2\" id=\"th_146\">In principle, there are two schemes for </span><span class=\"S2F73 SC8 S2\" id=\"ti_146\">structural quotas, comprising 20 and </span><span class=\"S2F74 SC8 S2\" id=\"tj_146\">25 years\u2019 duration. The new scheme </span><span class=\"S2F75 SC8 S2\" id=\"tk_146\">for structural quotas was introduced </span><span class=\"S2F76 SC8 S2\" id=\"tl_146\">in 2007. Structural quotas allocated </span><span class=\"S2F77 SC8 S2\" id=\"tm_146\">before 2007 have a duration of 25 </span><span class=\"S2F78 SC8 S2\" id=\"tn_146\">years starting in 2008, while quotas </span><span class=\"S2F79 SC8 S2\" id=\"to_146\">allocated after 2008 have a duration </span><span class=\"S2F7A SC8 S2\" id=\"tp_146\">of 20 years. </span><span class=\"S2F7B SC8 S2\" id=\"tq_146\">The main purpose of the structure </span><span class=\"S2F7C SC8 S2\" id=\"tr_146\">schemes is to reduce the number of </span><span class=\"S2F7D SC8 S2\" id=\"ts_146\">vessels participating in individual </span><span class=\"S2F7E SC8 S2\" id=\"tt_146\">\ufb01sheries, thereby facilitating improved </span><span class=\"S2F7F SC8 S2\" id=\"tu_146\">pro\ufb01tability for the remaining vessels </span><span class=\"S2F80 SC8 S2\" id=\"tv_146\">\u2013 i.e. improving ef\ufb01ciency within a </span><span class=\"S2F81 SC8 S2\" id=\"tw_146\">regulated framework. Moreover, the </span><span class=\"S2F82 SC8 S2\" id=\"tx_146\">schemes are intended to adapt \ufb02eet </span><span class=\"S2F83 SC8 S2\" id=\"ty_146\">capacity to the basic resources. </span><span class=\"S2F84 SC8 S2\" id=\"tz_146\">At </span><span class=\"S2F85 SC8 S2\" id=\"t10_146\">the end of the duration of 20 and 25 </span><span class=\"S2F86 SC8 S2\" id=\"t11_146\">years respectively, the structural </span><span class=\"S2F87 SC8 S2\" id=\"t12_146\">quotas are no longer valid and the </span><span class=\"S2F88 SC8 S2\" id=\"t13_146\">total quotas will be distributed among </span><span class=\"S2F89 SC8 S2\" id=\"t14_146\">all parties in the regulation group in </span><span class=\"S2F8A SC8 S2\" id=\"t15_146\">question, as basic quotas. Basic </span><span class=\"S2F8B SC8 S2\" id=\"t16_146\">quotas do not have any time limits. </span><span class=\"S2F8C SC8 S2\" id=\"t17_146\">Ler\u00f8y Hav\ufb01sk AS \u2013 and Ler\u00f8y Norway </span><span class=\"S2F8D SC8 S2\" id=\"t18_146\">Seafoods AS to a limited extent \u2013 is </span><span class=\"S2F8E SC8 S2\" id=\"t19_146\">involved in \ufb01shing in Norway pursuant </span><span class=\"S2F8F SC8 S2\" id=\"t1a_146\">to the provisions in inter alia the Act </span><span class=\"S7F5 SC8 S2\" id=\"t1b_146\">The Wild catch segment comprises </span><span class=\"S2F90 SC8 S2\" id=\"t1c_146\">the two sub-groups, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2F91 SC8 S2\" id=\"t1d_146\">and Ler\u00f8y Norway Seafoods AS. </span><span class=\"S2F92 SC8 S2\" id=\"t1e_146\">Ler\u00f8y Hav\ufb01sk AS is a shipowning </span><span class=\"S2F93 SC8 S2\" id=\"t1f_146\">company, with trawlers involved in </span><span class=\"S2F94 SC8 S2\" id=\"t1g_146\">wild catches. Ler\u00f8y Norway Seafoods </span><span class=\"S2F95 SC8 S2\" id=\"t1h_146\">AS is involved in the receipt and </span><span class=\"S2F96 SC8 S2\" id=\"t1i_146\">processing of wild caught white\ufb01sh. </span><span class=\"S2F97 SC8 S2\" id=\"t1j_146\">The licences in this segment are owned </span><span class=\"S2F98 SC8 S2\" id=\"t1k_146\">by the sub-group, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2F99 SC8 S2\" id=\"t1l_146\">(vessel owning subsidiaries). The </span><span class=\"S2F9A SC8 S2\" id=\"t1m_146\">licences are governed by an obligation </span><span class=\"S2F9B SC8 S2\" id=\"t1n_146\">to supply products to the regions where </span><span class=\"S2F9C SC8 S2\" id=\"t1o_146\">the licences are located, i.e. Finnmark </span><span class=\"S2F9D SC8 S2\" id=\"t1p_146\">and Nordland. This implies that buyers </span><span class=\"S2F9E SC8 S2\" id=\"t1q_146\">in those regions have priority over </span><span class=\"S2F9F SC8 S2\" id=\"t1r_146\">other buyers of \ufb01sh. The details of the </span><span class=\"S2FA0 SC8 S2\" id=\"t1s_146\">supply obligation are stipulated in </span><span class=\"S2FA1 SC8 S2\" id=\"t1t_146\">the licence terms for the individual </span><span class=\"S2FA2 SC8 S2\" id=\"t1u_146\">licence unit. This may be a region but </span><span class=\"S2FA3 SC8 S2\" id=\"t1v_146\">could also be a speci\ufb01c buyer. The </span><span class=\"S2FA4 SC8 S2\" id=\"t1w_146\">principle for pricing is the average </span><span class=\"S2FA5 SC8 S2\" id=\"t1x_146\">price realised for the species of \ufb01sh in </span><span class=\"S2FA6 SC8 S2\" id=\"t1y_146\">question over the past two weeks, </span><span class=\"S2FA7 SC8 S2\" id=\"t1z_146\">taking into account condition, size and </span><span class=\"S2FA8 SC8 S2\" id=\"t20_146\">quality. Ler\u00f8y Hav\ufb01sk AS is also subject </span><span class=\"S2FA9 SC8 S2\" id=\"t21_146\">to a so-called \u00abindustrial obligation\u00bb </span><span class=\"S2FAA SC8 S2\" id=\"t22_146\">(obligation to keep the business going) </span><span class=\"S2FAB SC8 S2\" id=\"t23_146\">in Stamsund, Melbu, Hammerfest, </span><span class=\"S2FAC SC8 S2\" id=\"t24_146\">B\u00e5tsfjord, Honningsv\u00e5g and Kj\u00f8llefjord. </span><span class=\"S2FAD SC8 S2\" id=\"t25_146\">This implies that the licence is linked </span><span class=\"S2FAE SC8 S2\" id=\"t26_146\">to operation of the facilities in the </span><span class=\"S2FAF SC8 S2\" id=\"t27_146\">respective locations. Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2FB0 SC8 S2\" id=\"t28_146\">has however leased out the facilities </span><span class=\"S2FB1 SC8 S2\" id=\"t29_146\">in these locations. The lessee is Ler\u00f8y </span><span class=\"S2FB2 SC8 S2\" id=\"t2a_146\">Norway Seafoods AS. The lessee is </span><span class=\"S2FB3 SC8 S2\" id=\"t2b_146\">responsible for sustaining operations. </span><span class=\"S2FB4 SC8 S2\" id=\"t2c_146\">If the lessee terminates operations, the </span><span class=\"S2FB5 SC8 S2\" id=\"t2d_146\">licence terms oblige Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2FB6 SC8 S2\" id=\"t2e_146\">to sustain operations in the speci\ufb01ed </span><span class=\"S2FB7 SC8 S2\" id=\"t2f_146\">locations. </span><span class=\"S2FB8 SC8 S2\" id=\"t2g_146\">At the end of the \ufb01nancial year, the </span><span class=\"S2FB9 SC8 S2\" id=\"t2h_146\">Ler\u00f8y Hav\ufb01sk group owned 29.6 cod </span><span class=\"SCDF SC8 S2\" id=\"t2i_146\">and haddock trawling licences, 31.9 </span><span class=\"S2FBA SC8 S2\" id=\"t2j_146\">saithe trawling licences, 8 shrimp </span><span class=\"S2FBB SC8 S2\" id=\"t2k_146\">trawling licences and 2 greater silver </span><span class=\"S2FBC SC8 S2\" id=\"t2l_146\">licences in Norway. These licences are </span><span class=\"S2FBD SC8 S2\" id=\"t2m_146\">owned via the subsidiaries Nordland </span><span class=\"S2FBE SC8 S2\" id=\"t2n_146\">Hav\ufb01ske AS, Finnmark Hav\ufb01ske AS </span><span class=\"S2FBF SC8 S2\" id=\"t2o_146\">and Hammerfest Industri\ufb01ske AS. It </span><span class=\"S2FC0 SC8 S2\" id=\"t2p_146\">has not been acquired or sold </span><span class=\"S2FC1 SC8 S2\" id=\"t2q_146\">quotas/licences in 2022. </span><span class=\"S2FC2 SC8 S2\" id=\"t2r_146\">A licence for cod, haddock and saithe </span><span class=\"S2FC3 SC8 S2\" id=\"t2s_146\">is a licence that entitles the holder to </span><span class=\"S2FC4 SC8 S2\" id=\"t2t_146\">trawl for white\ufb01sh in the zone north </span><span class=\"S2FC5 SC8 S2\" id=\"t2u_146\">of 62 degrees latitude and in the </span><span class=\"S2FC6 SC8 S2\" id=\"t2v_146\">North Sea at certain times of the year. </span><span class=\"S2FC7 SC8 S2\" id=\"t2w_146\">Correspondingly, a licence for shrimp </span><span class=\"S2FC8 SC8 S2\" id=\"t2x_146\">and greater silver entitles the holder </span><span class=\"S2FC9 SC8 S2\" id=\"t2y_146\">to \ufb01sh for shrimp and greater silver. In </span><span class=\"S2FCA SC8 S2\" id=\"t2z_146\">2022 (2021), each vessel was permitted </span><span class=\"S2FCB SC8 S2\" id=\"t30_146\">up to four (four) quota units, including </span><span class=\"S2FCC SC8 S2\" id=\"t31_146\">the quota connected to the vessel. </span><span class=\"S2FCD SC8 S2\" id=\"t32_146\">The volume of \ufb01sh allowed per licence </span><span class=\"S2FCE SC8 S2\" id=\"t33_146\">unit is stipulated annually by the </span><span class=\"S2FCF SC8 S2\" id=\"t34_146\">Norwegian Ministry of Trade, Industry </span><span class=\"S2FD0 SC8 S2\" id=\"t35_146\">and Fisheries. Moreover, transfers </span><span class=\"S2FD1 SC8 S2\" id=\"t36_146\">may be made between the different </span><span class=\"S2FD2 SC8 S2\" id=\"t37_146\">groups of vessels throughout the year, </span><span class=\"S2FD3 SC8 S2\" id=\"t38_146\">in the event that one group of vessels </span><span class=\"S2FD4 SC8 S2\" id=\"t39_146\">is not able to \ufb01sh its share of the quota. </span><span class=\"S2FD5 SC8 S2\" id=\"t3a_146\">This is known as \u00abre-allocation\u00bb. As of </span><span class=\"S2FD6 SC8 S2\" id=\"t3b_146\">end of year 2022 (2021), one cod licence </span><span class=\"S2FD7 SC8 S2\" id=\"t3c_146\">entitled the holder to \ufb01sh for an </span><span class=\"S2FD8 SC8 S2\" id=\"t3d_146\">annual volume of 1,154 (1,404) tonnes </span><span class=\"S2FD9 SC8 S2\" id=\"t3e_146\">of cod, 465 (579) tonnes of haddock </span><span class=\"S2FDA SC8 S2\" id=\"t3f_146\">and 531 (514) tonnes of saithe in the </span><span class=\"SCFB SC8 S2\" id=\"t3g_146\">zone north of 62 degrees latitude. </span><span class=\"S2FDB SC8 S2\" id=\"t3h_146\">When compared with the \ufb01nal volumes </span><span class=\"S2FDC SC8 S2\" id=\"t3i_146\">per quota, after re-allocations, in 2022 </span><span class=\"S2FDD SC8 S2\" id=\"t3j_146\">(2021), this is a change of -18% (+17%) </span><span class=\"S2FDE SC8 S2\" id=\"t3k_146\">for cod, -20% (+17%) for haddock and </span><span class=\"S2FDF SC8 S2\" id=\"t3l_146\">+3% (+22%) for saithe. During the year, </span><span class=\"S2FE0 SC8 S2\" id=\"t3m_146\">the quota for both haddock and saithe </span><span class=\"S2FE1 SC8 S2\" id=\"t3n_146\">was increased and some quotas were </span><span class=\"S2FE2 SC8 S2\" id=\"t3o_146\">re-allocated for these species. </span><span class=\"S2FE3 SC8 S2\" id=\"t3p_146\">The </span><span class=\"S2FE4 SC8 S2\" id=\"t3q_146\">shrimp and greater silver licences </span><span class=\"S2FE5 SC8 S2\" id=\"t3r_146\">have no limit in terms of volume. </span><span class=\"S2FE6 SC8 S2\" id=\"t3s_146\">In order to boost pro\ufb01tability for </span><span class=\"S2FE7 SC8 S2\" id=\"t3t_146\">\ufb01sheries and reduce the number of </span><span class=\"S2FE8 S21BB S2\" id=\"t3u_146\">Licences in the Wild catch segment </span><span class=\"S2FE9 SC4 S2\" id=\"t3v_146\">Licences (quotas) for Wild catch </span><span class=\"S2FEA SC4 S2\" id=\"t3w_146\">NBV in acquired </span><span class=\"S2FEB SC4 S2\" id=\"t3x_146\">company on date </span><span class=\"S2FEC SC4 S2\" id=\"t3y_146\">of acquisition </span><span class=\"S2FED SC4 S2\" id=\"t3z_146\">Excess value </span><span class=\"S2FEE SC4 S2\" id=\"t40_146\">identi\ufb01ed in PPA, </span><span class=\"S2FEF SC4 S2\" id=\"t41_146\">and allocated </span><span class=\"S2FF0 SC4 S2\" id=\"t42_146\">Accumulated </span><span class=\"S2FF1 SC4 S2\" id=\"t43_146\">amortisation from </span><span class=\"S2FF2 SC4 S2\" id=\"t44_146\">date of acquisition </span><span class=\"S2FF3 SC4 S2\" id=\"t45_146\">NBV as of 31.12 </span><span class=\"S2FF4 SC5 S2\" id=\"t46_146\">Basic quotas for cod, shrimp and greater silver </span><span class=\"S2FF5 SC5 S2\" id=\"t47_146\">339 806 </span><span class=\"S2FF6 SC5 S2\" id=\"t48_146\">2 941 594 </span><span class=\"S2FF7 SC5 S2\" id=\"t49_146\">3 281 400 </span><span class=\"S2FF8 SC5 S2\" id=\"t4a_146\">Structural quotas, cod trawling </span><span class=\"S2FF9 SC5 S2\" id=\"t4b_146\">414 064 </span><span class=\"S2FFA SC5 S2\" id=\"t4c_146\">-180 601 </span><span class=\"S2FFB SC5 S2\" id=\"t4d_146\">233 463 </span><span class=\"S2FFC SC4 S2\" id=\"t4e_146\">Total </span><span class=\"S2FFD SC4 S2\" id=\"t4f_146\">753 870 </span><span class=\"S2FFE SC4 S2\" id=\"t4g_146\">2 941 594 </span><span class=\"S2FFF SC4 S2\" id=\"t4h_146\">-180 601 </span><span class=\"S3000 SC4 S2\" id=\"t4i_146\">3 514 863 </span><span class=\"S3001 SC8 S2\" id=\"t1_147\">and other companies with limited </span><span class=\"S22A4 SC8 S2\" id=\"t2_147\">liability have equal status to </span><span class=\"S3002 SC8 S2\" id=\"t3_147\">Norwegian citizens when the </span><span class=\"S3003 SC8 S2\" id=\"t4_147\">company\u2019s head of\ufb01ce and Board of </span><span class=\"S3004 SC8 S2\" id=\"t5_147\">Directors are located in Norway, when </span><span class=\"S3005 SC8 S2\" id=\"t6_147\">the majority of the Board members, </span><span class=\"S3006 SC8 S2\" id=\"t7_147\">including the Chairman of the Board, </span><span class=\"S1CB6 SC8 S2\" id=\"t8_147\">are Norwegian citizens resident in </span><span class=\"S22AB SC8 S2\" id=\"t9_147\">Norway and who have lived in Norway </span><span class=\"S3007 SC8 S2\" id=\"ta_147\">for the last two years, and when </span><span class=\"S238A SC8 S2\" id=\"tb_147\">Norwegian citizens own shares or </span><span class=\"S3008 SC8 S2\" id=\"tc_147\">stocks corresponding to minimum 6/10 </span><span class=\"S1FF9 SC8 S2\" id=\"td_147\">of the company\u2019s capital and have </span><span class=\"S3009 SC8 S2\" id=\"te_147\">voting rights in the company with </span><span class=\"S300A SC8 S2\" id=\"tf_147\">minimum 6/10 of the votes. Ler\u00f8y </span><span class=\"S300B SC8 S2\" id=\"tg_147\">Hav\ufb01sk AS, Ler\u00f8y Seafood Group ASA </span><span class=\"S300C SC8 S2\" id=\"th_147\">and Austevoll Seafood ASA are </span><span class=\"S300D SC8 S2\" id=\"ti_147\">obliged to submit an overview twice </span><span class=\"S1FFE SC8 S2\" id=\"tj_147\">a year detailing the company\u2019s </span><span class=\"S300E SC8 S2\" id=\"tk_147\">shareholders, including speci\ufb01cation </span><span class=\"S1CC2 SC8 S2\" id=\"tl_147\">of the shares held by foreign </span><span class=\"S2118 SC8 S2\" id=\"tm_147\">shareholders. Ultimately, a breach of </span><span class=\"S300F SC8 S2\" id=\"tn_147\">the above-mentioned licence </span><span class=\"S3010 SC8 S2\" id=\"to_147\">provisions could result in Ler\u00f8y Hav\ufb01sk </span><span class=\"S3011 SC8 S2\" id=\"tp_147\">AS losing its licence rights. </span><span class=\"S3012 SC8 S2\" id=\"tq_147\">minimum 60% of the shares in Ler\u00f8y </span><span class=\"S3013 SC8 S2\" id=\"tr_147\">Hav\ufb01sk AS and that Austevoll Seafood </span><span class=\"S3014 SC8 S2\" id=\"ts_147\">ASA continues to own minimum 50% </span><span class=\"S213B SC8 S2\" id=\"tt_147\">of the shares in Ler\u00f8y Seafood Group </span><span class=\"S3015 SC8 S2\" id=\"tu_147\">ASA. However, the approval does not </span><span class=\"S2024 SC8 S2\" id=\"tv_147\">allow for changes in ownership that </span><span class=\"S3016 SC8 S2\" id=\"tw_147\">result in Laco AS directly owning less </span><span class=\"S23B2 SC8 S2\" id=\"tx_147\">than 55.55% of the shares in Austevoll </span><span class=\"S3017 SC8 S2\" id=\"ty_147\">Seafood ASA. Any signi\ufb01cant changes </span><span class=\"S3018 SC8 S2\" id=\"tz_147\">in ownership in Laco AS also require </span><span class=\"S2029 SC8 S2\" id=\"t10_147\">approval. The approval also requires </span><span class=\"S3019 SC8 S2\" id=\"t11_147\">continuation of the prevailing terms </span><span class=\"S301A SC8 S2\" id=\"t12_147\">related to permits for the vessels and </span><span class=\"S301B SC8 S2\" id=\"t13_147\">structural quotas, in addition to </span><span class=\"S1C86 SC8 S2\" id=\"t14_147\">compliance with the nationality </span><span class=\"S202C SC8 S2\" id=\"t15_147\">requirement in section 5 of the </span><span class=\"S301C SC8 S2\" id=\"t16_147\">Participant Act. Pursuant to the </span><span class=\"S301D SC8 S2\" id=\"t17_147\">nationality requirement in section 5 of </span><span class=\"S301E SC8 S2\" id=\"t18_147\">the Participant Act, operating permits </span><span class=\"S1EFF SC8 S2\" id=\"t19_147\">can only be granted to parties that </span><span class=\"S301F SC8 S2\" id=\"t1a_147\">are Norwegian citizens or have status </span><span class=\"S3020 SC8 S2\" id=\"t1b_147\">that equals Norwegian citizenship. </span><span class=\"S3021 SC8 S2\" id=\"t1c_147\">According to the second paragraph </span><span class=\"S3022 SC8 S2\" id=\"t1d_147\">letra a) of the provision, limited </span><span class=\"S3023 SC8 S2\" id=\"t1e_147\">companies, public limited companies </span><span class=\"S21BC SC8 S2\" id=\"t1f_147\">relating to the right to participate in </span><span class=\"S3024 SC8 S2\" id=\"t1g_147\">\ufb01shing and catches (Participant Act). </span><span class=\"S3025 SC8 S2\" id=\"t1h_147\">Ler\u00f8y Hav\ufb01sk AS has been given an </span><span class=\"S1DFC SC8 S2\" id=\"t1i_147\">extemption from the requirement </span><span class=\"S3026 SC8 S2\" id=\"t1j_147\">stating that the controlling interest </span><span class=\"S3027 SC8 S2\" id=\"t1k_147\">must be an active \ufb01sherman. The </span><span class=\"S3028 SC8 S2\" id=\"t1l_147\">Participant Act and supporting </span><span class=\"S3029 SC8 S2\" id=\"t1m_147\">legislation stipulate inter alia that any </span><span class=\"S1E00 SC8 S2\" id=\"t1n_147\">changes to ownership of a company </span><span class=\"S302A SC8 S2\" id=\"t1o_147\">that directly or indirectly owns \ufb01shing </span><span class=\"S302B SC8 S2\" id=\"t1p_147\">vessels requires approval by the </span><span class=\"S21C5 SC8 S2\" id=\"t1q_147\">relevant authorities. The Ministry of </span><span class=\"S23E1 SC8 S2\" id=\"t1r_147\">Trade, Industry and Fisheries\u2019 approval </span><span class=\"S302C SC8 S2\" id=\"t1s_147\">of Ler\u00f8y Seafood Group ASA\u2019s </span><span class=\"S21C7 SC8 S2\" id=\"t1t_147\">acquisition of the majority </span><span class=\"S302D SC8 S2\" id=\"t1u_147\">shareholding in Ler\u00f8y Hav\ufb01sk AS was </span><span class=\"S302E SC8 S2\" id=\"t1v_147\">granted on the basis of Ler\u00f8y Seafood </span><span class=\"S302F SC8 S2\" id=\"t1w_147\">Group ASA\u2019s ownership on the date </span><span class=\"S252F SC8 S2\" id=\"t1x_147\">of the approval. The approval also </span><span class=\"S3030 SC8 S2\" id=\"t1y_147\">states that no new applications are </span><span class=\"S3031 SC8 S2\" id=\"t1z_147\">required for future changes in </span><span class=\"S3032 SC8 S2\" id=\"t20_147\">ownership of Ler\u00f8y Hav\ufb01sk AS, Ler\u00f8y </span><span class=\"S3033 SC8 S2\" id=\"t21_147\">Seafood Group ASA and Austevoll </span><span class=\"S3034 SC8 S2\" id=\"t22_147\">Seafood ASA provided that Ler\u00f8y </span><span class=\"S3035 SC8 S2\" id=\"t23_147\">Seafood Group ASA continues to own </span><span class=\"S3037 SC8 S2\" id=\"t25_147\">In addition to goodwill and licences, intangible assets also comprise other rights. </span><span class=\"S3038 SC8 S2\" id=\"t26_147\">These rights comprise the following subcategories in each segment: </span><span class=\"S3039 SC4 S2\" id=\"t27_147\">Amortisation method </span><span class=\"S303A SC4 S2\" id=\"t28_147\">Wild catch </span><span class=\"S303B SC4 S2\" id=\"t29_147\">Farming </span><span class=\"S303C SC4 S2\" id=\"t2a_147\">VAP, sale and </span><span class=\"S303D SC4 S2\" id=\"t2b_147\">distribution </span><span class=\"S303E SC4 S2\" id=\"t2c_147\">Total </span><span class=\"S303F SC4 S2\" id=\"t2d_147\">Time inde\ufb01nite </span><span class=\"S3040 SC4 S2\" id=\"t2e_147\">None </span><span class=\"S3041 SC5 S2\" id=\"t2f_147\">Water rights </span><span class=\"S3042 SC5 S2\" id=\"t2g_147\">0 </span><span class=\"S3043 SC5 S2\" id=\"t2h_147\">8 409 </span><span class=\"S3044 SC5 S2\" id=\"t2i_147\">8 409 </span><span class=\"S3045 SC5 S2\" id=\"t2j_147\">Other rights </span><span class=\"S3046 SC5 S2\" id=\"t2k_147\">100 </span><span class=\"S3047 SC5 S2\" id=\"t2l_147\">100 </span><span class=\"S3048 SC4 S2\" id=\"t2m_147\">Total </span><span class=\"S3049 SC4 S2\" id=\"t2n_147\">100 </span><span class=\"S304A SC4 S2\" id=\"t2o_147\">8 409 </span><span class=\"S304B SC4 S2\" id=\"t2p_147\">0 </span><span class=\"S304C SC4 S2\" id=\"t2q_147\">8 509 </span><span class=\"S304D SC5 S2\" id=\"t2r_147\">Accumulated purchase price </span><span class=\"S304E SC5 S2\" id=\"t2s_147\">100 </span><span class=\"S304F SC5 S2\" id=\"t2t_147\">8 409 </span><span class=\"S3050 SC5 S2\" id=\"t2u_147\">0 </span><span class=\"S3051 SC5 S2\" id=\"t2v_147\">8 509 </span><span class=\"S3052 SC5 S2\" id=\"t2w_147\">Accumulated amortisation </span><span class=\"S3053 SC5 S2\" id=\"t2x_147\">Non </span><span class=\"S3054 SC5 S2\" id=\"t2y_147\">Non </span><span class=\"S3055 SC5 S2\" id=\"t2z_147\">Non </span><span class=\"S3056 SC5 S2\" id=\"t30_147\">Non </span><span class=\"S3057 SC4 S2\" id=\"t31_147\">Limited </span><span class=\"S3058 SC4 S2\" id=\"t32_147\">Straight line depr. </span><span class=\"S3059 SC5 S2\" id=\"t33_147\">Water rights </span><span class=\"S305A SC5 S2\" id=\"t34_147\">25 years </span><span class=\"S305B SC5 S2\" id=\"t35_147\">12 308 </span><span class=\"S305C SC5 S2\" id=\"t36_147\">12 308 </span><span class=\"S305D SC5 S2\" id=\"t37_147\">Contracts wiht customers / customer lists </span><span class=\"S305E SC5 S2\" id=\"t38_147\">10 years </span><span class=\"S305F SC5 S2\" id=\"t39_147\">6 448 </span><span class=\"S3060 SC5 S2\" id=\"t3a_147\">6 448 </span><span class=\"S3061 SC5 S2\" id=\"t3b_147\">Other rights (software etc.) </span><span class=\"S3062 SC5 S2\" id=\"t3c_147\">3 - 5 years </span><span class=\"S3063 SC5 S2\" id=\"t3d_147\">6 743 </span><span class=\"S3064 SC5 S2\" id=\"t3e_147\">6 743 </span><span class=\"S3065 SC4 S2\" id=\"t3f_147\">Total </span><span class=\"S3066 SC4 S2\" id=\"t3g_147\">0 </span><span class=\"S3067 SC4 S2\" id=\"t3h_147\">12 308 </span><span class=\"S3068 SC4 S2\" id=\"t3i_147\">13 191 </span><span class=\"S3069 SC4 S2\" id=\"t3j_147\">25 500 </span><span class=\"S306A SC5 S2\" id=\"t3k_147\">Accumulated purchase price </span><span class=\"S306B SC5 S2\" id=\"t3l_147\">0 </span><span class=\"S306C SC5 S2\" id=\"t3m_147\">44 973 </span><span class=\"S306D SC5 S2\" id=\"t3n_147\">37 902 </span><span class=\"S306E SC5 S2\" id=\"t3o_147\">82 875 </span><span class=\"S306F SC5 S2\" id=\"t3p_147\">Accumulated amortisation </span><span class=\"S3070 SC5 S2\" id=\"t3q_147\">0 </span><span class=\"S3071 SC5 S2\" id=\"t3r_147\">-32 665 </span><span class=\"S3072 SC5 S2\" id=\"t3s_147\">-24 711 </span><span class=\"S3073 SC5 S2\" id=\"t3t_147\">-57 375 </span><span class=\"S3074 SC4 S2\" id=\"t3u_147\">Total other rights </span><span class=\"S3075 SC4 S2\" id=\"t3v_147\">100 </span><span class=\"S3076 SC4 S2\" id=\"t3w_147\">20 717 </span><span class=\"S3077 SC4 S2\" id=\"t3x_147\">13 191 </span><span class=\"S3078 SC4 S2\" id=\"t3y_147\">34 009 </span><span class=\"S15 SC5 S2\" id=\"t3z_147\">Ler\u00f8y Seafood Group </span><span class=\"S16 SC9 S2\" id=\"t40_147\">I </span><span class=\"S17 SC5 S2\" id=\"t41_147\">Annual report </span><span class=\"S18 SC4 S2\" id=\"t42_147\">2022 </span><span class=\"S22C SCA S2\" id=\"t43_147\">Financial information </span><span class=\"S3079 SCA S2\" id=\"t44_147\">147 </span><span class=\"S3036 S1C40 S2\" id=\"t24_147\">Other rights </span><span class=\"S307A SC7 S2\" id=\"t1_148\">Cash-generating units (CGU) </span><span class=\"S1E5F SC8 S2\" id=\"t2_148\">With each acquisition or purchase of </span><span class=\"S307B SC8 S2\" id=\"t3_148\">assets, goodwill, licences and rights </span><span class=\"S307C SC8 S2\" id=\"t4_148\">are allocated to the different cash- </span><span class=\"S1FBF SC8 S2\" id=\"t5_148\">generating units. Each legal unit in </span><span class=\"S20E1 SC8 S2\" id=\"t6_148\">the Group in principle comprises one </span><span class=\"S307D SC8 S2\" id=\"t7_148\">cash-generating unit. Goodwill and </span><span class=\"S1FC2 SC8 S2\" id=\"t8_148\">intangible assets with an inde\ufb01nite </span><span class=\"S307E SC8 S2\" id=\"t9_148\">useful life are not amortised, but shall </span><span class=\"S307F SC8 S2\" id=\"ta_148\">be tested for impairment at least once </span><span class=\"S3080 SC8 S2\" id=\"tb_148\">a year and written down if their value </span><span class=\"S3081 SC8 S2\" id=\"tc_148\">can no longer be justi\ufb01ed. The manage- </span><span class=\"S3082 SC8 S2\" id=\"td_148\">ment assesses the carrying value of </span><span class=\"S3083 SC8 S2\" id=\"te_148\">goodwill and intangible assets with an </span><span class=\"S3084 SC8 S2\" id=\"tf_148\">inde\ufb01nite useful life per CGU at least </span><span class=\"S3085 SC8 S2\" id=\"tg_148\">once a year, and more frequently if </span><span class=\"S3086 SC8 S2\" id=\"th_148\">there are indications of impairment. </span><span class=\"S3087 SC8 S2\" id=\"ti_148\">Useful life is utilised when establishing </span><span class=\"S3088 SC8 S2\" id=\"tj_148\">recoverable amount. </span><span class=\"S3089 S1C40 S2\" id=\"tk_148\">Farming </span><span class=\"S308A SC8 S2\" id=\"tl_148\">The Group`s farming regions share the </span><span class=\"S20EF SC8 S2\" id=\"tm_148\">same top management, the same </span><span class=\"S308B SC8 S2\" id=\"tn_148\">internal customer, and a joint optimali- </span><span class=\"S308C SC8 S2\" id=\"to_148\">sation plan of i.e. slaughter plans. </span><span class=\"S308D SC8 S2\" id=\"tp_148\">Further on harvest to full\ufb01ll the Groups </span><span class=\"S308E SC8 S2\" id=\"tq_148\">contract sale, is done across the </span><span class=\"S308F SC8 S2\" id=\"tr_148\">regions. Due to this, the Groups farming </span><span class=\"S3090 SC8 S2\" id=\"ts_148\">business in Norway is regarded as </span><span class=\"S3091 SC8 S2\" id=\"tt_148\">one CGU. The cash generating unit </span><span class=\"S3092 SC8 S2\" id=\"tu_148\">Farming comprises region of Northern </span><span class=\"S3093 SC8 S2\" id=\"tv_148\">Norway, which consists of Ler\u00f8y Aurora </span><span class=\"S21B0 SC8 S2\" id=\"tw_148\">AS and Ler\u00f8y Aurora 2 AS, the region </span><span class=\"S3094 SC8 S2\" id=\"tx_148\">of Central Norway which consists of </span><span class=\"S3095 SC8 S2\" id=\"ty_148\">Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS, and </span><span class=\"S3096 SC8 S2\" id=\"tz_148\">the region for Western Norway which </span><span class=\"S3097 SC8 S2\" id=\"t10_148\">consists of the 9 companies Ler\u00f8y Vest </span><span class=\"S3098 SC8 S2\" id=\"t11_148\">AS, Ler\u00f8y Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S3099 SC8 S2\" id=\"t12_148\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk </span><span class=\"S232A SC8 S2\" id=\"t13_148\">2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y </span><span class=\"S309A SC8 S2\" id=\"t14_148\">\u00c5rskog AS, Norsk Oppdrettsservice AS </span><span class=\"S309B SC8 S2\" id=\"t15_148\">and Ler\u00f8y Ocean Harvest AS. The </span><span class=\"S309C SC8 S2\" id=\"t16_148\">development costs related to the </span><span class=\"S309D SC8 S2\" id=\"t17_148\">Pipefarm concept, capitalized in Ler\u00f8y </span><span class=\"S309E SC8 S2\" id=\"t18_148\">Seafood Group ASA, a concept that the </span><span class=\"S1BDC SC8 S2\" id=\"t19_148\">Group has been offered some licence </span><span class=\"S309F SC8 S2\" id=\"t1a_148\">volume on, but that the Group not yet </span><span class=\"S30A0 SC8 S2\" id=\"t1b_148\">has accepted, is also included in this </span><span class=\"S30A1 SC8 S2\" id=\"t1c_148\">CGU. </span><span class=\"S30A2 S1C40 S2\" id=\"t1d_148\">Wild catch </span><span class=\"S30A3 SC8 S2\" id=\"t1e_148\">In the sub-group Ler\u00f8y Hav\ufb01sk AS, </span><span class=\"S2337 SC8 S2\" id=\"t1f_148\">each vessel with its quotas is de\ufb01ned </span><span class=\"S30A4 SC8 S2\" id=\"t1g_148\">as one cash-generating unit. Despite </span><span class=\"S30A5 SC8 S2\" id=\"t1h_148\">this, Ler\u00f8y Seafood Group classi\ufb01es </span><span class=\"S30A6 SC8 S2\" id=\"t1i_148\">the two sub-groups, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S1D2C SC8 S2\" id=\"t1j_148\">and Ler\u00f8y Norway Seafoods AS, as </span><span class=\"S30A7 SC8 S2\" id=\"t1k_148\">one joint cash-generating unit. This is </span><span class=\"S30A8 SC8 S2\" id=\"t1l_148\">justi\ufb01ed in that, primarily, quotas are </span><span class=\"S30A9 SC8 S2\" id=\"t1m_148\">transferred between vessels via the </span><span class=\"S30AA SC8 S2\" id=\"t1n_148\">so-called \u00abre-allocations\u00bb. Secondly, </span><span class=\"S30AB SC8 S2\" id=\"t1o_148\">the two sub-groups are mutually </span><span class=\"S30AC SC8 S2\" id=\"t1p_148\">dependent with a view to the industrial </span><span class=\"S30AD SC8 S2\" id=\"t1q_148\">obligation mentioned above. In </span><span class=\"S30AE SC8 S2\" id=\"t1r_148\">addition, the supply obligation has an </span><span class=\"S30AF SC8 S2\" id=\"t1s_148\">impact on the two units\u2019 co- </span><span class=\"S30B0 SC8 S2\" id=\"t1t_148\">dependence. On this basis, the two sub- </span><span class=\"S30B1 SC8 S2\" id=\"t1u_148\">groups are assessed as one joint </span><span class=\"S30B2 SC8 S2\" id=\"t1v_148\">cash-generating unit. </span><span class=\"S30B3 S1C40 S2\" id=\"t1w_148\">VAP, sales and distribution </span><span class=\"S30B4 SC8 S2\" id=\"t1x_148\">For the Group to succeed in being the </span><span class=\"S22FD SC8 S2\" id=\"t1y_148\">\ufb01rst choice of the largest and most </span><span class=\"S30B5 SC8 S2\" id=\"t1z_148\">well-recognised customers, it is </span><span class=\"S1C0C SC8 S2\" id=\"t20_148\">important to be present in the end </span><span class=\"S30B6 SC8 S2\" id=\"t21_148\">market. Through local presence the </span><span class=\"S30B7 SC8 S2\" id=\"t22_148\">Group can supply the freshest products, </span><span class=\"S2088 SC8 S2\" id=\"t23_148\">portions and packaging adjusted to </span><span class=\"S30B8 SC8 S2\" id=\"t24_148\">local requirements and demand, and </span><span class=\"S30B9 SC8 S2\" id=\"t25_148\">developing the seafood category even </span><span class=\"S30BA SC8 S2\" id=\"t26_148\">further together with the customers. </span><span class=\"S30BB SC8 S2\" id=\"t27_148\">The Group must also build up enough </span><span class=\"S30BC SC8 S2\" id=\"t28_148\">capacity to supply the volumes that </span><span class=\"S30BD SC8 S2\" id=\"t29_148\">the customer will need. The group has </span><span class=\"S30BE SC8 S2\" id=\"t2a_148\">established several \ufb01sh-cuts in the end </span><span class=\"S30BF SC8 S2\" id=\"t2b_148\">markets. A \ufb01sh-cut means a relatively </span><span class=\"S30C0 SC8 S2\" id=\"t2c_148\">simple processing activity in addition </span><span class=\"S30C1 SC8 S2\" id=\"t2d_148\">to the sale of\ufb01ce, that perform some </span><span class=\"S30C2 SC8 S2\" id=\"t2e_148\">specialized value-added processing </span><span class=\"S30C3 SC8 S2\" id=\"t2f_148\">based on speci\ufb01cation set by the </span><span class=\"S1C1B SC8 S2\" id=\"t2g_148\">customer. The \ufb01sh-cuts are an inte- </span><span class=\"S30C4 SC8 S2\" id=\"t2h_148\">grated part of the value chain, and an </span><span class=\"S30C5 SC8 S2\" id=\"t2i_148\">important tool for ef\ufb01cient global sale. </span><span class=\"S30C6 SC8 S2\" id=\"t2j_148\">The table below displays the </span><span class=\"S30C7 SC8 S2\" id=\"t2k_148\">distribution of goodwill and intangible </span><span class=\"S30C8 SC8 S2\" id=\"t2l_148\">assets with an inde\ufb01nite useful life per </span><span class=\"S30C9 SC8 S2\" id=\"t2m_148\">CGU, and their sub-units. Impairment </span><span class=\"S30CA SC8 S2\" id=\"t2n_148\">tests of goodwill and intangible assets </span><span class=\"S30CB SC8 S2\" id=\"t2o_148\">with an inde\ufb01nite useful life have been </span><span class=\"S2311 SC8 S2\" id=\"t2p_148\">summarised below for each CGU in </span><span class=\"S30CC SC8 S2\" id=\"t2q_148\">the segment. </span><span class=\"S30CD SC4 S2\" id=\"t2r_148\">Book value of intangible assets </span><span class=\"S30CE SC4 S2\" id=\"t2s_148\">CGU </span><span class=\"S30CF SC4 S2\" id=\"t2t_148\">Goodwill </span><span class=\"S30D0 SC4 S2\" id=\"t2u_148\">Licences </span><span class=\"S30D1 SC4 S2\" id=\"t2v_148\">Other rights </span><span class=\"S30D2 SC4 S2\" id=\"t2w_148\">Total </span><span class=\"S30D3 SC5 S2\" id=\"t2x_148\">Farming - Region Northern Norway </span><span class=\"S30D4 SC5 S2\" id=\"t2y_148\">Farming </span><span class=\"S30D5 SC5 S2\" id=\"t2z_148\">134 567 </span><span class=\"S30D6 SC5 S2\" id=\"t30_148\">508 572 </span><span class=\"S30D7 SC5 S2\" id=\"t31_148\">2 000 </span><span class=\"S30D8 SC5 S2\" id=\"t32_148\">645 139 </span><span class=\"S30D9 SC5 S2\" id=\"t33_148\">Farming - Region Central Norway </span><span class=\"S30DA SC5 S2\" id=\"t34_148\">Farming </span><span class=\"S30DB SC5 S2\" id=\"t35_148\">956 509 </span><span class=\"S30DC SC5 S2\" id=\"t36_148\">700 260 </span><span class=\"S30DD SC5 S2\" id=\"t37_148\">- </span><span class=\"S30DE SC5 S2\" id=\"t38_148\">1 656 769 </span><span class=\"S30DF SC5 S2\" id=\"t39_148\">Farming - Region Western Norway </span><span class=\"S30E0 SC5 S2\" id=\"t3a_148\">Farming </span><span class=\"S30E1 SC5 S2\" id=\"t3b_148\">754 250 </span><span class=\"S30E2 SC5 S2\" id=\"t3c_148\">1 221 042 </span><span class=\"S30E3 SC5 S2\" id=\"t3d_148\">18 717 </span><span class=\"S30E4 S269C S2\" id=\"t3e_148\">2) </span><span class=\"S30E5 SC5 S2\" id=\"t3f_148\">1 994 009 </span><span class=\"S30E6 SC5 S2\" id=\"t3g_148\">Farming - Ler\u00f8y Seafood Group ASA </span><span class=\"S30E7 SC5 S2\" id=\"t3h_148\">Farming </span><span class=\"S30E8 SC5 S2\" id=\"t3i_148\">- </span><span class=\"S30E9 SC5 S2\" id=\"t3j_148\">54 803 </span><span class=\"S30EA S269C S2\" id=\"t3k_148\">4) </span><span class=\"S30EB SC5 S2\" id=\"t3l_148\">54 803 </span><span class=\"S30EC SC4 S2\" id=\"t3m_148\">Total Farming </span><span class=\"S30ED SC4 S2\" id=\"t3n_148\">Farming </span><span class=\"S30EE SC4 S2\" id=\"t3o_148\">1 845 326 </span><span class=\"S30EF SC4 S2\" id=\"t3p_148\">2 484 676 </span><span class=\"S30F0 SC4 S2\" id=\"t3q_148\">20 717 </span><span class=\"S30F1 SC4 S2\" id=\"t3r_148\">4 350 719 </span><span class=\"S30F2 SC4 S2\" id=\"t3s_148\">Total Wild catch </span><span class=\"S30F3 SC4 S2\" id=\"t3t_148\">Wild catch </span><span class=\"S30F4 SC4 S2\" id=\"t3u_148\">2 646 </span><span class=\"S30F5 SC4 S2\" id=\"t3v_148\">3 514 863 </span><span class=\"S30F6 S2D10 S2\" id=\"t3w_148\">3) </span><span class=\"S30F7 SC4 S2\" id=\"t3x_148\">100 </span><span class=\"S30F8 SC4 S2\" id=\"t3y_148\">3 517 609 </span><span class=\"S30F9 SC4 S2\" id=\"t3z_148\">Total VAP, sales and distribution </span><span class=\"S30FA SC4 S2\" id=\"t40_148\">VAPSD </span><span class=\"S30FB SC4 S2\" id=\"t41_148\">668 648 </span><span class=\"S30FC SC4 S2\" id=\"t42_148\">- </span><span class=\"S30FD SC4 S2\" id=\"t43_148\">13 191 </span><span class=\"S30FE S2D10 S2\" id=\"t44_148\">1) </span><span class=\"S30FF SC4 S2\" id=\"t45_148\">681 839 </span><span class=\"S3100 SC4 S2\" id=\"t46_148\">Grand total </span><span class=\"S3101 SC4 S2\" id=\"t47_148\">2 516 619 </span><span class=\"S3102 SC4 S2\" id=\"t48_148\">5 999 540 </span><span class=\"S3103 SC4 S2\" id=\"t49_148\">34 009 </span><span class=\"S3104 SC4 S2\" id=\"t4a_148\">8 550 168 </span><span class=\"S3105 SC5 S2\" id=\"t4b_148\">Book value of intangible assets that are amortised </span><span class=\"S3106 SC4 S2\" id=\"t4c_148\">258 962 </span><span class=\"S3107 SC5 S2\" id=\"t4d_148\">Book value of intangible assets that are not amortised, but tested for impairment </span><span class=\"S3108 SC4 S2\" id=\"t4e_148\">8 291 206 </span><span class=\"S3109 SC4 S2\" id=\"t4f_148\">Total </span><span class=\"S310A SC4 S2\" id=\"t4g_148\">8 550 168 </span><span class=\"S310B SAF1 S2\" id=\"t4h_148\">1) Rights with de\ufb01nite useful life and subject to amortisation. </span><span class=\"S310C SAF1 S2\" id=\"t4i_148\">2) Rights with inde\ufb01nite useful life and not subject to amortisation. </span><span class=\"S310D SAF1 S2\" id=\"t4j_148\">3) Structual quotas included in this amount, has a de\ufb01nite economic life time, and are subjected to amortisation. </span><span class=\"S310E SAF1 S2\" id=\"t4k_148\">4) Capitalised costs related to development licences - in the process of beeing granted </span><span class=\"S21BC SC7 S2\" id=\"t1_149\">Tests of possible impairment loss </span><span class=\"S3024 SC8 S2\" id=\"t2_149\">The impairment test for cash- </span><span class=\"S310F SC8 S2\" id=\"t3_149\">generating units is based on estimated </span><span class=\"S3110 SC8 S2\" id=\"t4_149\">present values of future cash \ufb02ows. </span><span class=\"S3026 SC8 S2\" id=\"t5_149\">The present value is compared with </span><span class=\"S3111 SC8 S2\" id=\"t6_149\">the book value per cash-generating </span><span class=\"S1DFE SC8 S2\" id=\"t7_149\">unit. The present value is calculated </span><span class=\"S3112 SC8 S2\" id=\"t8_149\">on the basis of discounted cash \ufb02ows </span><span class=\"S3113 SC8 S2\" id=\"t9_149\">over the next \ufb01ve or ten years. And </span><span class=\"S1E01 SC8 S2\" id=\"ta_149\">for the period thereafter, a terminal </span><span class=\"S3114 SC8 S2\" id=\"tb_149\">value is estimated. The Gordon growth </span><span class=\"S3115 SC8 S2\" id=\"tc_149\">model is applied to estimate terminal </span><span class=\"S2172 SC8 S2\" id=\"td_149\">value. The cash \ufb02ows in the the </span><span class=\"S3116 SC8 S2\" id=\"te_149\">impairment test are after tax. </span><span class=\"S3117 SC8 S2\" id=\"tf_149\">The impairment test did not produce </span><span class=\"S3118 SC8 S2\" id=\"tg_149\">grounds for write-down of goodwill or </span><span class=\"S3119 SC8 S2\" id=\"th_149\">intangible assets with an inde\ufb01nite </span><span class=\"S311A SC8 S2\" id=\"ti_149\">useful life in 2022. The management's </span><span class=\"S311B SC8 S2\" id=\"tj_149\">calculations, were risks and oppor- </span><span class=\"S3031 SC8 S2\" id=\"tk_149\">tunities within environmental </span><span class=\"S311C SC8 S2\" id=\"tl_149\">sustainability are included, show that </span><span class=\"S311D SC8 S2\" id=\"tm_149\">this conclusion is robust in the face of </span><span class=\"S3034 SC8 S2\" id=\"tn_149\">reasonable changes in conditions in </span><span class=\"S3035 SC8 S2\" id=\"to_149\">the future. The critical value for the </span><span class=\"S311E SC8 S2\" id=\"tp_149\">required rate of return on total assets </span><span class=\"S311F SC8 S2\" id=\"tq_149\">after tax is between 8.7% and 30.5%. </span><span class=\"S3120 SC8 S2\" id=\"tr_149\">The cash-generating unit (CGU) Wild </span><span class=\"S3121 SC8 S2\" id=\"ts_149\">catch, which was acquired in 2016, is </span><span class=\"S3122 SC8 S2\" id=\"tt_149\">naturally pulling down the critical </span><span class=\"S206B SC8 S2\" id=\"tu_149\">value due to the fact that the </span><span class=\"S3123 SC8 S2\" id=\"tv_149\">assumptions that the acquisition were </span><span class=\"S3124 SC8 S2\" id=\"tw_149\">based upon, have not changed much </span><span class=\"S2022 SC8 S2\" id=\"tx_149\">in the period from the purchase date </span><span class=\"S3125 SC8 S2\" id=\"ty_149\">and the date for testing. The most </span><span class=\"S213B SC8 S2\" id=\"tz_149\">signi\ufb01cant premises in the test are </span><span class=\"S3126 SC8 S2\" id=\"t10_149\">estimated future volume of catches per </span><span class=\"S3127 SC8 S2\" id=\"t11_149\">species, estimated future prices per </span><span class=\"S3128 SC8 S2\" id=\"t12_149\">species and required rate of return. </span><span class=\"S3129 SC8 S2\" id=\"t13_149\">In farming it has historically until 2012 </span><span class=\"S1EF8 SC8 S2\" id=\"t14_149\">been a signi\ufb01cant production growth </span><span class=\"S312A SC8 S2\" id=\"t15_149\">per licence in Norway. But from 2012 </span><span class=\"S312B SC8 S2\" id=\"t16_149\">and until today, there has been very </span><span class=\"S23B6 SC8 S2\" id=\"t17_149\">limited growth. The model applied is </span><span class=\"S312C SC8 S2\" id=\"t18_149\">based on actual production plans for </span><span class=\"S312D SC8 S2\" id=\"t19_149\">the period until 2024. And after that an </span><span class=\"S312E SC8 S2\" id=\"t1a_149\">assumption of 2% growth in volume until </span><span class=\"S312F SC8 S2\" id=\"t1b_149\">2027 has been applied. It is assumed </span><span class=\"S3130 SC8 S2\" id=\"t1c_149\">no growth in the terminal value. </span><span class=\"S3131 SC8 S2\" id=\"t1d_149\">For the cash-generating unit Farming, </span><span class=\"S3132 SC8 S2\" id=\"t1e_149\">the critical value for the required rate </span><span class=\"S1DD7 SC8 S2\" id=\"t1f_149\">of return on total assets after tax is </span><span class=\"S3133 SC8 S2\" id=\"t1g_149\">18.0%. The Farming segment requires </span><span class=\"S1DD9 SC8 S2\" id=\"t1h_149\">an EBIT in the terminal element of an </span><span class=\"S3134 SC8 S2\" id=\"t1i_149\">amount of NOK 1.6 per kg. This amount </span><span class=\"S3135 SC8 S2\" id=\"t1j_149\">is well below what`s historically </span><span class=\"S3136 SC8 S2\" id=\"t1k_149\">achieved. The management has also </span><span class=\"S1F05 SC8 S2\" id=\"t1l_149\">carried out tests of sensitivity related </span><span class=\"S2039 SC8 S2\" id=\"t1m_149\">to price, cost and volume. With the </span><span class=\"S3137 SC8 S2\" id=\"t1n_149\">implemented WACC and best estimate </span><span class=\"S3138 SC8 S2\" id=\"t1o_149\">for the terminal element, the tests show </span><span class=\"S3139 SC8 S2\" id=\"t1p_149\">that this value is also robust in the </span><span class=\"S1F0A SC8 S2\" id=\"t1q_149\">face of changes in these parameters. </span><span class=\"S313A SC8 S2\" id=\"t1r_149\">28 September 2022 the Norwegian </span><span class=\"S313B SC8 S2\" id=\"t1s_149\">Government proposed a new ground </span><span class=\"S313C SC8 S2\" id=\"t1t_149\">rent tax on farming. In the latest </span><span class=\"S313D SC8 S2\" id=\"t1u_149\">proposal the tax rate is35%. It is </span><span class=\"S1D8F SC8 S2\" id=\"t1v_149\">supposed to be applicable on the </span><span class=\"S313E SC8 S2\" id=\"t1w_149\">activity in sea. This tax will be added </span><span class=\"S313F SC8 S2\" id=\"t1x_149\">to the regular tax rate of 22%. However, </span><span class=\"S3140 SC8 S2\" id=\"t1y_149\">this new additional tax has not yet </span><span class=\"S3141 SC8 S2\" id=\"t1z_149\">been approved. But it is likely that it </span><span class=\"S3142 SC8 S2\" id=\"t20_149\">will be approved by the Norwegian </span><span class=\"S238A SC8 S2\" id=\"t21_149\">Storting when they summon before </span><span class=\"S3143 SC8 S2\" id=\"t22_149\">summer 2023. This gives rise to </span><span class=\"S3144 SC8 S2\" id=\"t23_149\">signi\ufb01cant uncertainty about the </span><span class=\"S3145 SC8 S2\" id=\"t24_149\">future. It is impossible to perform </span><span class=\"S2112 SC8 S2\" id=\"t25_149\">detailed impairment tests before the </span><span class=\"S3146 SC8 S2\" id=\"t26_149\">applicable laws and regulations are </span><span class=\"S3147 SC8 S2\" id=\"t27_149\">agreed upon and ready. Thus, the </span><span class=\"S3148 SC8 S2\" id=\"t28_149\">Group has performed tests on a more </span><span class=\"S1CC0 SC8 S2\" id=\"t29_149\">overall level, with increased tax rate. </span><span class=\"S3149 SC8 S2\" id=\"t2a_149\">Non of these tests did indicate any </span><span class=\"S1D9D SC8 S2\" id=\"t2b_149\">impairment on intangibles in the </span><span class=\"S314A SC8 S2\" id=\"t2c_149\">Farming segment. This is explained </span><span class=\"S314B SC8 S2\" id=\"t2d_149\">by the fact that most of the Group`s </span><span class=\"S314C SC8 S2\" id=\"t2e_149\">intangibles has been acquired long </span><span class=\"S314D SC8 S2\" id=\"t2f_149\">time ago, to relative low values, seen </span><span class=\"S314E SC8 S2\" id=\"t2g_149\">with the eyes of today. </span><span class=\"S314F SC8 S2\" id=\"t2h_149\">For the cash-generating unit VAP, Sales </span><span class=\"S3150 SC8 S2\" id=\"t2i_149\">&amp; Distribution, the book values are </span><span class=\"S2006 SC8 S2\" id=\"t2j_149\">almost totally justi\ufb01ed by the estimated </span><span class=\"S3151 SC8 S2\" id=\"t2k_149\">pro\ufb01t/loss for the next \ufb01ve years. It is </span><span class=\"S3152 SC8 S2\" id=\"t2l_149\">required a 0.3% EBIT margin in the </span><span class=\"S3153 SC8 S2\" id=\"t2m_149\">terminal element, which is very low. </span><span class=\"S3154 SC4 S2\" id=\"t2n_149\">Key premises </span><span class=\"S3155 SC4 S2\" id=\"t2o_149\">2022 </span><span class=\"S3156 SC4 S2\" id=\"t2p_149\">2021 </span><span class=\"S3157 SC5 S2\" id=\"t2q_149\">Discount rate (WACC) before tax </span><span class=\"S3158 SC5 S2\" id=\"t2r_149\">8.4 % </span><span class=\"S3159 SC5 S2\" id=\"t2s_149\">8.1 % </span><span class=\"S315A SC5 S2\" id=\"t2t_149\">Discount rate (WACC) after tax </span><span class=\"S315B SC5 S2\" id=\"t2u_149\">6.6 % </span><span class=\"S315C SC5 S2\" id=\"t2v_149\">7.3 % </span><span class=\"S315D SC5 S2\" id=\"t2w_149\">Nominal rate of growth </span><span class=\"S315E SC5 S2\" id=\"t2x_149\">2.0 % </span><span class=\"S315F SC5 S2\" id=\"t2y_149\">2.0 % </span><span class=\"S3160 SC5 S2\" id=\"t2z_149\">The book value tested below is the share of the carrying value that is not subject to amortisation. </span><span class=\"S3161 SC4 S2\" id=\"t30_149\">Sensitivity analysis per CGU </span><span class=\"S3162 SC4 S2\" id=\"t31_149\">Book value </span><span class=\"S3163 SC4 S2\" id=\"t32_149\">tested </span><span class=\"S3164 SC4 S2\" id=\"t33_149\">Critical value in </span><span class=\"S3165 SC4 S2\" id=\"t34_149\">the terminal element </span><span class=\"S3166 SC4 S2\" id=\"t35_149\">(with WACC implemented) </span><span class=\"S3167 SC4 S2\" id=\"t36_149\">Critical WACC </span><span class=\"S3168 SC4 S2\" id=\"t37_149\">(after tax) </span><span class=\"S3169 SC4 S2\" id=\"t38_149\">Implemented </span><span class=\"S316A SC4 S2\" id=\"t39_149\">WACC </span><span class=\"S316B SC4 S2\" id=\"t3a_149\">(after tax) </span><span class=\"S316C SC5 S2\" id=\"t3b_149\">Wild catch </span><span class=\"S316D SC5 S2\" id=\"t3c_149\">3 284 146 </span><span class=\"S316E S269C S2\" id=\"t3d_149\">8) </span><span class=\"S316F SC5 S2\" id=\"t3e_149\">8.7 % </span><span class=\"S3170 SC5 S2\" id=\"t3f_149\">6.6 % </span><span class=\"S3171 SC5 S2\" id=\"t3g_149\">Farming </span><span class=\"S3172 SC5 S2\" id=\"t3h_149\">4 338 411 </span><span class=\"S3173 SC5 S2\" id=\"t3i_149\">1.6 </span><span class=\"S3174 S269C S2\" id=\"t3j_149\">5). 6) </span><span class=\"S3175 SC5 S2\" id=\"t3k_149\">18.0 % </span><span class=\"S3176 SC5 S2\" id=\"t3l_149\">6.6 % </span><span class=\"S3177 SC5 S2\" id=\"t3m_149\">VAPSD </span><span class=\"S3178 SC5 S2\" id=\"t3n_149\">668 649 </span><span class=\"S3179 SC5 S2\" id=\"t3o_149\">0.3 % </span><span class=\"S317A S269C S2\" id=\"t3p_149\">7) </span><span class=\"S317B SC5 S2\" id=\"t3q_149\">30.5 % </span><span class=\"S317C SC5 S2\" id=\"t3r_149\">6.6 % </span><span class=\"S317D SC4 S2\" id=\"t3s_149\">Total </span><span class=\"S317E SC4 S2\" id=\"t3t_149\">8 291 206 </span><span class=\"S317F SC4 S2\" id=\"t3u_149\">6.6 % </span><span class=\"S3180 SAF1 S2\" id=\"t3v_149\">5) The terminal value for farming is a NOK amount estimated on the basis of EBIT/kg after an explicit period (the terminal component) that </span><span class=\"S3181 SAF1 S2\" id=\"t3w_149\">gives a total value in use simular to net book value. </span><span class=\"S3182 SAF1 S2\" id=\"t3x_149\">6) Development licences in process of beeing granted will be operated by Ler\u00f8y Vest. </span><span class=\"S3183 SAF1 S2\" id=\"t3y_149\">7) The terminal value for VAPSD is a percentage calculated on the basis of the pro\ufb01t margin, after an explicit period (the terminal component) </span><span class=\"S3184 SAF1 S2\" id=\"t3z_149\">that gives a total value in use simular to net book value. </span><span class=\"S3185 SAF1 S2\" id=\"t40_149\">8) For Wild catch segment it is not calculated a critical value in the terminal element. </span><span class=\"S3186 SC7 S2\" id=\"t41_149\">Key premises and sensitivity estimates </span><span class=\"S3188 SC8 S2\" id=\"t1_150\">With effect from 1 January 2019, the </span><span class=\"S3189 SC8 S2\" id=\"t2_150\">Group implemented IFRS 16 Leases. </span><span class=\"S318A SC8 S2\" id=\"t3_150\">This new standard, that replaced IAS </span><span class=\"S307C SC8 S2\" id=\"t4_150\">17, requires carrying of practically all </span><span class=\"S318B SC8 S2\" id=\"t5_150\">lease agreements, as operating and </span><span class=\"S318C SC8 S2\" id=\"t6_150\">\ufb01nancial lease agreements for the </span><span class=\"S1BA2 SC8 S2\" id=\"t7_150\">lessee are no longer to be </span><span class=\"S1FC2 SC8 S2\" id=\"t8_150\">differentiated. According to IFRS 16, </span><span class=\"S318D SC8 S2\" id=\"t9_150\">the asset (right of use) and the </span><span class=\"S307F SC8 S2\" id=\"ta_150\">obligation to pay lease are recognised </span><span class=\"S318E SC8 S2\" id=\"tb_150\">in the \ufb01nancial statements. </span><span class=\"S3082 SC8 S2\" id=\"tc_150\">The Group applied the modi\ufb01ed, </span><span class=\"S318F SC8 S2\" id=\"td_150\">retrospective method for </span><span class=\"S3190 SC8 S2\" id=\"te_150\">implementation on 1 January 2019. </span><span class=\"S3191 SC8 S2\" id=\"tf_150\">This implies that the value of the lease </span><span class=\"S3192 SC8 S2\" id=\"tg_150\">liability and the right of use are the </span><span class=\"S3193 SC8 S2\" id=\"th_150\">same at the time of implementation. </span><span class=\"S3194 SC8 S2\" id=\"ti_150\">The new right-of-use assets and lease </span><span class=\"S1D63 SC8 S2\" id=\"tj_150\">liabilities are valued at the current </span><span class=\"S1D64 SC8 S2\" id=\"tk_150\">value of the future lease payments. </span><span class=\"S3195 SC8 S2\" id=\"tl_150\">For leases where the interest rate </span><span class=\"S3196 SC8 S2\" id=\"tm_150\">implicit for the lease can be readily </span><span class=\"S3197 SC8 S2\" id=\"tn_150\">determined, this rate is applied. </span><span class=\"S3198 SC8 S2\" id=\"to_150\">Otherwise, the lease payments are </span><span class=\"S3199 SC8 S2\" id=\"tp_150\">discounted by the Group\u2019s incremental </span><span class=\"S308E SC8 S2\" id=\"tq_150\">borrowing rate, estimated to 4%. This </span><span class=\"S319A SC8 S2\" id=\"tr_150\">rate is deemed as representative of all </span><span class=\"S3090 SC8 S2\" id=\"ts_150\">leases in the Group, as the majority </span><span class=\"S1FD5 SC8 S2\" id=\"tt_150\">are in NOK, and the Group principally </span><span class=\"S236B SC8 S2\" id=\"tu_150\">makes use of the same credit </span><span class=\"S1E78 SC8 S2\" id=\"tv_150\">institutions, which provide relatively </span><span class=\"S319B SC8 S2\" id=\"tw_150\">similar terms. For leases previously </span><span class=\"S319C SC8 S2\" id=\"tx_150\">classi\ufb01ed as \ufb01nancial leasing according </span><span class=\"S319D SC8 S2\" id=\"ty_150\">to IAS 17, the carried book value of the </span><span class=\"S319E SC8 S2\" id=\"tz_150\">right-of-use assets and lease liabilities </span><span class=\"S319F SC8 S2\" id=\"t10_150\">were retained on the implementation </span><span class=\"S31A0 SC8 S2\" id=\"t11_150\">date for IFRS 16 (1 January 2019). </span><span class=\"S31A1 SC8 S2\" id=\"t12_150\">The right-of-use assets are </span><span class=\"S1BD6 SC8 S2\" id=\"t13_150\">depreciated on a straight-line basis </span><span class=\"S31A2 SC8 S2\" id=\"t14_150\">from the date of commissioning until </span><span class=\"S31A3 SC8 S2\" id=\"t15_150\">the end of the useful life of the right- </span><span class=\"S31A4 SC8 S2\" id=\"t16_150\">of-use asset or the end of the lease </span><span class=\"S31A5 SC8 S2\" id=\"t17_150\">period, whatever comes \ufb01rst. Any </span><span class=\"S31A6 SC8 S2\" id=\"t18_150\">extension options that may, with </span><span class=\"S31A7 SC8 S2\" id=\"t19_150\">reasonable certainty, be exercised, </span><span class=\"S1BDD SC8 S2\" id=\"t1a_150\">are included. </span><span class=\"S31A8 SC8 S2\" id=\"t1b_150\">The lease payments are divided into </span><span class=\"S31A9 SC8 S2\" id=\"t1c_150\">two parts: instalment and interest. </span><span class=\"S31AA SC8 S2\" id=\"t1d_150\">The interest on the lease liability in </span><span class=\"S31AB SC8 S2\" id=\"t1e_150\">each accounting period of the lease </span><span class=\"S31AC SC8 S2\" id=\"t1f_150\">period shall be the amount that </span><span class=\"S31AD SC8 S2\" id=\"t1g_150\">provides a constant periodic interest </span><span class=\"S31AE SC8 S2\" id=\"t1h_150\">rate for the remaining balance of the </span><span class=\"S20BD SC8 S2\" id=\"t1i_150\">lease liability (annuity principle). In </span><span class=\"S1F9B SC8 S2\" id=\"t1j_150\">the statement of \ufb01nancial position, </span><span class=\"S31AF SC8 S2\" id=\"t1k_150\">the Group has chosen to present the </span><span class=\"S31B0 SC8 S2\" id=\"t1l_150\">right-of-use assets on a separate </span><span class=\"S1BE9 SC8 S2\" id=\"t1m_150\">line. The lease liabilities are classi\ufb01ed </span><span class=\"S1BEA SC8 S2\" id=\"t1n_150\">as long-term and short-term. In </span><span class=\"S1FA0 SC8 S2\" id=\"t1o_150\">addition, the lease liabilities are </span><span class=\"S31B1 SC8 S2\" id=\"t1p_150\">divided into (1) lease liabilities to credit </span><span class=\"S31B2 SC8 S2\" id=\"t1q_150\">institutions and (2) lease liabilities to </span><span class=\"S31B3 SC8 S2\" id=\"t1r_150\">others. Only the lease liabilities to </span><span class=\"S1EAA SC8 S2\" id=\"t1s_150\">credit institutions are included in the </span><span class=\"S31B4 SC8 S2\" id=\"t1t_150\">calculation of the alternative </span><span class=\"S31B5 SC8 S2\" id=\"t1u_150\">performance measurements for net </span><span class=\"S1BF1 SC8 S2\" id=\"t1v_150\">interest-bearing debt (NIBD). A more </span><span class=\"S1E32 SC8 S2\" id=\"t1w_150\">detailed explanation of this </span><span class=\"S31B6 SC8 S2\" id=\"t1x_150\">classi\ufb01cation is provided in the note </span><span class=\"S2230 SC8 S2\" id=\"t1y_150\">relating to alternative performance </span><span class=\"S31B7 SC8 S2\" id=\"t1z_150\">measurements. The long-term share </span><span class=\"S1CEB SC8 S2\" id=\"t20_150\">of the lease liabilities is shown on </span><span class=\"S31B8 SC8 S2\" id=\"t21_150\">separate lines in the statement of </span><span class=\"S31B9 SC8 S2\" id=\"t22_150\">\ufb01nancial position. The short-term share </span><span class=\"S31BA SC8 S2\" id=\"t23_150\">of the lease liabilities is included in </span><span class=\"S31BB SC8 S2\" id=\"t24_150\">the \ufb01rst-year instalment on longterm </span><span class=\"S31BC SC8 S2\" id=\"t25_150\">liabilities and shown on a separate </span><span class=\"S1E38 SC8 S2\" id=\"t26_150\">line in the statement of \ufb01nancial </span><span class=\"S31BD SC8 S2\" id=\"t27_150\">position. The short-term share of long- </span><span class=\"S31BE SC8 S2\" id=\"t28_150\">term liabilities is speci\ufb01ed in more </span><span class=\"S31BF SC8 S2\" id=\"t29_150\">detail in the note on long-term </span><span class=\"S31C0 SC8 S2\" id=\"t2a_150\">liabilities. The interest expense </span><span class=\"S1E3C SC8 S2\" id=\"t2b_150\">related to the liability is presented </span><span class=\"S31C1 SC8 S2\" id=\"t2c_150\">under net \ufb01nancial expense. This is </span><span class=\"S31C2 SC8 S2\" id=\"t2d_150\">speci\ufb01ed in more detail in the note </span><span class=\"S31C3 SC8 S2\" id=\"t2e_150\">on combined items in the \ufb01nancial </span><span class=\"S31C4 SC8 S2\" id=\"t2f_150\">statements. </span><span class=\"S30C3 SC8 S2\" id=\"t2g_150\">Lease costs that were previously </span><span class=\"S31C5 SC8 S2\" id=\"t2h_150\">presented as commodities and other </span><span class=\"S31C6 SC8 S2\" id=\"t2i_150\">operating expenses are now presented </span><span class=\"S31C7 SC8 S2\" id=\"t2j_150\">in the income statement as </span><span class=\"S230B SC8 S2\" id=\"t2k_150\">depreciation and interest expense. </span><span class=\"S31C8 SC8 S2\" id=\"t2l_150\">In the statement of cash \ufb02ows, cash </span><span class=\"S31C9 SC8 S2\" id=\"t2m_150\">payments for the lease liability\u2019s </span><span class=\"S31CA SC8 S2\" id=\"t2n_150\">principal (instalment) and cash </span><span class=\"S31CB SC8 S2\" id=\"t2o_150\">payments for the lease liability\u2019s </span><span class=\"S31CC SC8 S2\" id=\"t2p_150\">interest are presented under \ufb01nancing </span><span class=\"S31CD SC8 S2\" id=\"t2q_150\">activities. The transaction related to </span><span class=\"S1E4A SC8 S2\" id=\"t2r_150\">signing new leases has no initial </span><span class=\"S31CE SC8 S2\" id=\"t2s_150\">effect on cash. </span><span class=\"S2381 S18EC S2\" id=\"t30_150\">NOTE 8 </span><span class=\"S31CF S18EC S2\" id=\"t31_150\">Leases </span><span class=\"S22B1 SC7 S2\" id=\"t1_151\">Right-of-use assets </span><span class=\"S31D0 SC8 S2\" id=\"t2_151\">Right-of-use assets by groups in the notes and agreement partners </span><span class=\"S31D1 SC4 S2\" id=\"t3_151\">Of which from </span><span class=\"S31D2 SC4 S2\" id=\"t4_151\">2022 </span><span class=\"S31D3 SC4 S2\" id=\"t5_151\">Real estate </span><span class=\"S31D4 SC4 S2\" id=\"t6_151\">Buildings </span><span class=\"S31D5 SC4 S2\" id=\"t7_151\">Vessels </span><span class=\"S31D6 SC4 S2\" id=\"t8_151\">Machines, </span><span class=\"S31D7 SC4 S2\" id=\"t9_151\">\ufb01xtures, </span><span class=\"S31D8 SC4 S2\" id=\"ta_151\">equip., etc. </span><span class=\"S31D9 SC4 S2\" id=\"tb_151\">Total right of </span><span class=\"S31DA SC4 S2\" id=\"tc_151\">use assets </span><span class=\"S31DB SC4 S2\" id=\"td_151\">Credit </span><span class=\"S31DC SC4 S2\" id=\"te_151\">institution </span><span class=\"S31DD SC4 S2\" id=\"tf_151\">Others </span><span class=\"S31DE SC4 S2\" id=\"tg_151\">Financial year 2022 </span><span class=\"S31DF SC5 S2\" id=\"th_151\">Carried value 01.01 </span><span class=\"S31E0 SC5 S2\" id=\"ti_151\">49 686 </span><span class=\"S31E1 SC5 S2\" id=\"tj_151\">466 241 </span><span class=\"S31E2 SC5 S2\" id=\"tk_151\">789 115 </span><span class=\"S31E3 SC5 S2\" id=\"tl_151\">1 355 602 </span><span class=\"S31E4 SC4 S2\" id=\"tm_151\">2 660 643 </span><span class=\"S31E5 SC5 S2\" id=\"tn_151\">1 365 929 </span><span class=\"S31E6 SC5 S2\" id=\"to_151\">1 294 714 </span><span class=\"S31E7 SC5 S2\" id=\"tp_151\">Translation differences </span><span class=\"S31E8 SC5 S2\" id=\"tq_151\">394 </span><span class=\"S31E9 SC5 S2\" id=\"tr_151\">5 005 </span><span class=\"S31EA SC5 S2\" id=\"ts_151\">8 </span><span class=\"S31EB SC5 S2\" id=\"tt_151\">4 585 </span><span class=\"S31EC SC4 S2\" id=\"tu_151\">9 993 </span><span class=\"S31ED SC5 S2\" id=\"tv_151\">8 872 </span><span class=\"S31EE SC5 S2\" id=\"tw_151\">1 121 </span><span class=\"S2F15 SC5 S2\" id=\"tx_151\">Addition of new right-of-use assets </span><span class=\"S31EF SC5 S2\" id=\"ty_151\">1 668 </span><span class=\"S31F0 SC5 S2\" id=\"tz_151\">87 138 </span><span class=\"S31F1 SC5 S2\" id=\"t10_151\">442 915 </span><span class=\"S31F2 SC5 S2\" id=\"t11_151\">267 901 </span><span class=\"S31F3 SC4 S2\" id=\"t12_151\">799 622 </span><span class=\"S31F4 SC5 S2\" id=\"t13_151\">230 035 </span><span class=\"S31F5 SC5 S2\" id=\"t14_151\">569 587 </span><span class=\"S31F6 SC5 S2\" id=\"t15_151\">Disposals </span><span class=\"S31F7 SC5 S2\" id=\"t16_151\">-12 521 </span><span class=\"S31F8 SC5 S2\" id=\"t17_151\">0 </span><span class=\"S31F9 SC5 S2\" id=\"t18_151\">-30 062 </span><span class=\"S31FA SC5 S2\" id=\"t19_151\">-13 651 </span><span class=\"S31FB SC4 S2\" id=\"t1a_151\">-56 233 </span><span class=\"S31FC SC5 S2\" id=\"t1b_151\">-2 236 </span><span class=\"S31FD SC5 S2\" id=\"t1c_151\">-53 997 </span><span class=\"S31FE SC5 S2\" id=\"t1d_151\">Depreciation for the year </span><span class=\"S31FF SC5 S2\" id=\"t1e_151\">-6 039 </span><span class=\"S3200 SC5 S2\" id=\"t1f_151\">-61 066 </span><span class=\"S3201 SC5 S2\" id=\"t1g_151\">-224 751 </span><span class=\"S3202 SC5 S2\" id=\"t1h_151\">-258 201 </span><span class=\"S3203 SC4 S2\" id=\"t1i_151\">-550 056 </span><span class=\"S3204 SC5 S2\" id=\"t1j_151\">-225 897 </span><span class=\"S3205 SC5 S2\" id=\"t1k_151\">-324 159 </span><span class=\"S3206 SC4 S2\" id=\"t1l_151\">Carried value 31.12 </span><span class=\"S3207 SC4 S2\" id=\"t1m_151\">33 188 </span><span class=\"S3208 SC4 S2\" id=\"t1n_151\">497 319 </span><span class=\"S3209 SC4 S2\" id=\"t1o_151\">977 225 </span><span class=\"S320A SC4 S2\" id=\"t1p_151\">1 356 237 </span><span class=\"S320B SC4 S2\" id=\"t1q_151\">2 863 969 </span><span class=\"S320C SC4 S2\" id=\"t1r_151\">1 376 703 </span><span class=\"S320D SC4 S2\" id=\"t1s_151\">1 487 266 </span><span class=\"S320E SC4 S2\" id=\"t1t_151\">As of 31 December 2022 </span><span class=\"S320F SC5 S2\" id=\"t1u_151\">Acquisition cost * </span><span class=\"S3210 SC5 S2\" id=\"t1v_151\">50 072 </span><span class=\"S3211 SC5 S2\" id=\"t1w_151\">719 370 </span><span class=\"S3212 SC5 S2\" id=\"t1x_151\">1 440 697 </span><span class=\"S3213 SC5 S2\" id=\"t1y_151\">2 333 140 </span><span class=\"S3214 SC4 S2\" id=\"t1z_151\">4 543 278 </span><span class=\"S3215 SC5 S2\" id=\"t20_151\">2 266 062 </span><span class=\"S3216 SC5 S2\" id=\"t21_151\">2 277 216 </span><span class=\"S3217 SC5 S2\" id=\"t22_151\">Accumulated depreciation * </span><span class=\"S3218 SC5 S2\" id=\"t23_151\">-16 884 </span><span class=\"S3219 SC5 S2\" id=\"t24_151\">-222 051 </span><span class=\"S321A SC5 S2\" id=\"t25_151\">-463 472 </span><span class=\"S321B SC5 S2\" id=\"t26_151\">-976 903 </span><span class=\"S321C SC4 S2\" id=\"t27_151\">-1 679 309 </span><span class=\"S321D SC5 S2\" id=\"t28_151\">-889 359 </span><span class=\"S321E SC5 S2\" id=\"t29_151\">-789 950 </span><span class=\"S321F SC4 S2\" id=\"t2a_151\">Carried value 31.12 </span><span class=\"S3220 SC4 S2\" id=\"t2b_151\">33 188 </span><span class=\"S3221 SC4 S2\" id=\"t2c_151\">497 319 </span><span class=\"S3222 SC4 S2\" id=\"t2d_151\">977 225 </span><span class=\"S3223 SC4 S2\" id=\"t2e_151\">1 356 237 </span><span class=\"S3224 SC4 S2\" id=\"t2f_151\">2 863 969 </span><span class=\"S3225 SC4 S2\" id=\"t2g_151\">1 376 703 </span><span class=\"S3226 SC4 S2\" id=\"t2h_151\">1 487 266 </span><span class=\"S3227 SAF1 S2\" id=\"t2i_151\">* Including translation differences </span><span class=\"S3228 SC4 S2\" id=\"t2j_151\">Of which from </span><span class=\"S3229 SC4 S2\" id=\"t2k_151\">2021 </span><span class=\"S322A SC4 S2\" id=\"t2l_151\">Real estate </span><span class=\"S322B SC4 S2\" id=\"t2m_151\">Buildings </span><span class=\"S322C SC4 S2\" id=\"t2n_151\">Vessels </span><span class=\"S322D SC4 S2\" id=\"t2o_151\">Machines, </span><span class=\"S322E SC4 S2\" id=\"t2p_151\">\ufb01xtures, </span><span class=\"S322F SC4 S2\" id=\"t2q_151\">equip., etc. </span><span class=\"S3230 SC4 S2\" id=\"t2r_151\">Total right of </span><span class=\"S3231 SC4 S2\" id=\"t2s_151\">use assets </span><span class=\"S3232 SC4 S2\" id=\"t2t_151\">Credit </span><span class=\"S3233 SC4 S2\" id=\"t2u_151\">institution </span><span class=\"S3234 SC4 S2\" id=\"t2v_151\">Others </span><span class=\"S3235 SC4 S2\" id=\"t2w_151\">As of 1 January 2021 </span><span class=\"S3236 SC5 S2\" id=\"t2x_151\">Acquisition cost * </span><span class=\"S3237 SC5 S2\" id=\"t2y_151\">47 991 </span><span class=\"S3238 SC5 S2\" id=\"t2z_151\">655 099 </span><span class=\"S3239 SC5 S2\" id=\"t30_151\">839 346 </span><span class=\"S323A SC5 S2\" id=\"t31_151\">1 771 958 </span><span class=\"S323B SC4 S2\" id=\"t32_151\">3 314 394 </span><span class=\"S323C SC5 S2\" id=\"t33_151\">1 845 663 </span><span class=\"S323D SC5 S2\" id=\"t34_151\">1 468 731 </span><span class=\"S323E SC5 S2\" id=\"t35_151\">Accumulated depreciation * </span><span class=\"S323F SC5 S2\" id=\"t36_151\">-7 719 </span><span class=\"S3240 SC5 S2\" id=\"t37_151\">-112 996 </span><span class=\"S3241 SC5 S2\" id=\"t38_151\">-282 792 </span><span class=\"S3242 SC5 S2\" id=\"t39_151\">-481 852 </span><span class=\"S3243 SC4 S2\" id=\"t3a_151\">-885 358 </span><span class=\"S3244 SC5 S2\" id=\"t3b_151\">-460 762 </span><span class=\"S3245 SC5 S2\" id=\"t3c_151\">-424 596 </span><span class=\"S3246 SC4 S2\" id=\"t3d_151\">Carried value 01.01 </span><span class=\"S3247 SC4 S2\" id=\"t3e_151\">40 272 </span><span class=\"S3248 SC4 S2\" id=\"t3f_151\">542 103 </span><span class=\"S3249 SC4 S2\" id=\"t3g_151\">556 555 </span><span class=\"S324A SC4 S2\" id=\"t3h_151\">1 290 106 </span><span class=\"S324B SC4 S2\" id=\"t3i_151\">2 429 037 </span><span class=\"S324C SC4 S2\" id=\"t3j_151\">1 384 901 </span><span class=\"S324D SC4 S2\" id=\"t3k_151\">1 044 136 </span><span class=\"S324E SC4 S2\" id=\"t3l_151\">Financial year 2021 </span><span class=\"S324F SC5 S2\" id=\"t3m_151\">Carried value 01.01 </span><span class=\"S3250 SC5 S2\" id=\"t3n_151\">40 272 </span><span class=\"S3251 SC5 S2\" id=\"t3o_151\">542 103 </span><span class=\"S3252 SC5 S2\" id=\"t3p_151\">556 555 </span><span class=\"S3253 SC5 S2\" id=\"t3q_151\">1 290 106 </span><span class=\"S3254 SC4 S2\" id=\"t3r_151\">2 429 037 </span><span class=\"S3255 SC5 S2\" id=\"t3s_151\">1 384 901 </span><span class=\"S3256 SC5 S2\" id=\"t3t_151\">1 044 136 </span><span class=\"S3257 SC5 S2\" id=\"t3u_151\">Business combinations </span><span class=\"S3258 SC5 S2\" id=\"t3v_151\">11 638 </span><span class=\"S3259 SC4 S2\" id=\"t3w_151\">11 638 </span><span class=\"S325A SC5 S2\" id=\"t3x_151\">11 638 </span><span class=\"S325B SC5 S2\" id=\"t3y_151\">0 </span><span class=\"S325C SC5 S2\" id=\"t3z_151\">Translation differences </span><span class=\"S325D SC5 S2\" id=\"t40_151\">-6 459 </span><span class=\"S325E SC5 S2\" id=\"t41_151\">85 </span><span class=\"S325F SC5 S2\" id=\"t42_151\">-3 143 </span><span class=\"S3260 SC4 S2\" id=\"t43_151\">-9 517 </span><span class=\"S3261 SC5 S2\" id=\"t44_151\">-7 828 </span><span class=\"S3262 SC5 S2\" id=\"t45_151\">-1 689 </span><span class=\"S3263 SC5 S2\" id=\"t46_151\">Addition of new right-of-use assets </span><span class=\"S3264 SC5 S2\" id=\"t47_151\">13 824 </span><span class=\"S3265 SC5 S2\" id=\"t48_151\">33 004 </span><span class=\"S3266 SC5 S2\" id=\"t49_151\">504 697 </span><span class=\"S3267 SC5 S2\" id=\"t4a_151\">339 620 </span><span class=\"S3268 SC4 S2\" id=\"t4b_151\">891 145 </span><span class=\"S3269 SC5 S2\" id=\"t4c_151\">245 019 </span><span class=\"S326A SC5 S2\" id=\"t4d_151\">646 126 </span><span class=\"S326B SC5 S2\" id=\"t4e_151\">Disposals </span><span class=\"S326C SC5 S2\" id=\"t4f_151\">-44 205 </span><span class=\"S326D SC5 S2\" id=\"t4g_151\">-107 861 </span><span class=\"S326E SC5 S2\" id=\"t4h_151\">-3 900 </span><span class=\"S326F SC4 S2\" id=\"t4i_151\">-155 966 </span><span class=\"S3270 SC5 S2\" id=\"t4j_151\">-36 634 </span><span class=\"S3271 SC5 S2\" id=\"t4k_151\">-119 332 </span><span class=\"S1A3C SC5 S2\" id=\"t4l_151\">Depreciation for the year </span><span class=\"S3272 SC5 S2\" id=\"t4m_151\">-4 411 </span><span class=\"S3273 SC5 S2\" id=\"t4n_151\">-58 203 </span><span class=\"S3274 SC5 S2\" id=\"t4o_151\">-164 361 </span><span class=\"S3275 SC5 S2\" id=\"t4p_151\">-278 719 </span><span class=\"S3276 SC4 S2\" id=\"t4q_151\">-505 694 </span><span class=\"S3277 SC5 S2\" id=\"t4r_151\">-231 167 </span><span class=\"S3278 SC5 S2\" id=\"t4s_151\">-274 527 </span><span class=\"S3279 SC4 S2\" id=\"t4t_151\">Carried value 31.12 </span><span class=\"S327A SC4 S2\" id=\"t4u_151\">49 686 </span><span class=\"S327B SC4 S2\" id=\"t4v_151\">466 241 </span><span class=\"S327C SC4 S2\" id=\"t4w_151\">789 115 </span><span class=\"S327D SC4 S2\" id=\"t4x_151\">1 355 602 </span><span class=\"S327E SC4 S2\" id=\"t4y_151\">2 660 643 </span><span class=\"S327F SC4 S2\" id=\"t4z_151\">1 365 929 </span><span class=\"S3280 SC4 S2\" id=\"t50_151\">1 294 714 </span><span class=\"S3281 SC4 S2\" id=\"t51_151\">As of 31 December 2021 </span><span class=\"S3282 SC5 S2\" id=\"t52_151\">Acquisition cost * </span><span class=\"S3283 SC5 S2\" id=\"t53_151\">61 815 </span><span class=\"S3284 SC5 S2\" id=\"t54_151\">627 918 </span><span class=\"S3285 SC5 S2\" id=\"t55_151\">1 076 250 </span><span class=\"S3286 SC5 S2\" id=\"t56_151\">2 107 903 </span><span class=\"S3287 SC4 S2\" id=\"t57_151\">3 873 886 </span><span class=\"S3288 SC5 S2\" id=\"t58_151\">2 030 753 </span><span class=\"S3289 SC5 S2\" id=\"t59_151\">1 843 133 </span><span class=\"S328A SC5 S2\" id=\"t5a_151\">Accumulated depreciation * </span><span class=\"S328B SC5 S2\" id=\"t5b_151\">-12 130 </span><span class=\"S328C SC5 S2\" id=\"t5c_151\">-161 677 </span><span class=\"S328D SC5 S2\" id=\"t5d_151\">-287 135 </span><span class=\"S328E SC5 S2\" id=\"t5e_151\">-752 301 </span><span class=\"S328F SC4 S2\" id=\"t5f_151\">-1 213 242 </span><span class=\"S3290 SC5 S2\" id=\"t5g_151\">-664 824 </span><span class=\"S3291 SC5 S2\" id=\"t5h_151\">-548 419 </span><span class=\"S3292 SC4 S2\" id=\"t5i_151\">Carried value 31.12 </span><span class=\"S3293 SC4 S2\" id=\"t5j_151\">49 686 </span><span class=\"S3294 SC4 S2\" id=\"t5k_151\">466 241 </span><span class=\"S3295 SC4 S2\" id=\"t5l_151\">789 115 </span><span class=\"S3296 SC4 S2\" id=\"t5m_151\">1 355 602 </span><span class=\"S3297 SC4 S2\" id=\"t5n_151\">2 660 643 </span><span class=\"S3298 SC4 S2\" id=\"t5o_151\">1 365 929 </span><span class=\"S3299 SC4 S2\" id=\"t5p_151\">1 294 714 </span><span class=\"S329B SC7 S2\" id=\"t1_152\">Lease liabilities </span><span class=\"S329C SC8 S2\" id=\"t2_152\">Lease liabilities is devided into long-term and short-term, and by lessor category </span><span class=\"S329D SC4 S2\" id=\"t3_152\">To credit institutions </span><span class=\"S329E SC4 S2\" id=\"t4_152\">To others </span><span class=\"S329F SC4 S2\" id=\"t5_152\">2021 </span><span class=\"S32A0 SC4 S2\" id=\"t6_152\">Total lease </span><span class=\"S32A1 SC4 S2\" id=\"t7_152\">liabilities </span><span class=\"S32A2 SC4 S2\" id=\"t8_152\">Total </span><span class=\"S32A3 SC4 S2\" id=\"t9_152\">Short-term </span><span class=\"S32A4 SC4 S2\" id=\"ta_152\">portion </span><span class=\"S32A5 SC4 S2\" id=\"tb_152\">Long-term </span><span class=\"S32A6 SC4 S2\" id=\"tc_152\">portion </span><span class=\"S32A7 SC4 S2\" id=\"td_152\">Total </span><span class=\"S32A8 SC4 S2\" id=\"te_152\">Short-term </span><span class=\"S32A9 SC4 S2\" id=\"tf_152\">portion </span><span class=\"S32AA SC4 S2\" id=\"tg_152\">Long-term </span><span class=\"S32AB SC4 S2\" id=\"th_152\">portion </span><span class=\"S32AC SC5 S2\" id=\"ti_152\">Carried value 01.01 </span><span class=\"S32AD SC5 S2\" id=\"tj_152\">2 338 983 </span><span class=\"S32AE SC5 S2\" id=\"tk_152\">1 280 250 </span><span class=\"S32AF SC5 S2\" id=\"tl_152\">238 437 </span><span class=\"S32B0 SC5 S2\" id=\"tm_152\">1 041 813 </span><span class=\"S32B1 SC5 S2\" id=\"tn_152\">1 058 734 </span><span class=\"S32B2 SC5 S2\" id=\"to_152\">200 571 </span><span class=\"S32B3 SC5 S2\" id=\"tp_152\">858 163 </span><span class=\"S32B4 SC5 S2\" id=\"tq_152\">Long term portion previous year </span><span class=\"S32B5 SC5 S2\" id=\"tr_152\">become short term portion </span><span class=\"S32B6 SC5 S2\" id=\"ts_152\">0 </span><span class=\"S32B7 SC5 S2\" id=\"tt_152\">0 </span><span class=\"S32B8 SC5 S2\" id=\"tu_152\">215 011 </span><span class=\"S32B9 SC5 S2\" id=\"tv_152\">-215 011 </span><span class=\"S32BA SC5 S2\" id=\"tw_152\">0 </span><span class=\"S32BB SC5 S2\" id=\"tx_152\">186 120 </span><span class=\"S32BC SC5 S2\" id=\"ty_152\">-186 120 </span><span class=\"S32BD SC5 S2\" id=\"tz_152\">Business combinations </span><span class=\"S32BE SC5 S2\" id=\"t10_152\">6 890 </span><span class=\"S32BF SC5 S2\" id=\"t11_152\">6 890 </span><span class=\"S32C0 SC5 S2\" id=\"t12_152\">2 413 </span><span class=\"S32C1 SC5 S2\" id=\"t13_152\">4 477 </span><span class=\"S32C2 SC5 S2\" id=\"t14_152\">0 </span><span class=\"S32C3 SC5 S2\" id=\"t15_152\">0 </span><span class=\"S32C4 SC5 S2\" id=\"t16_152\">0 </span><span class=\"S32C5 SC5 S2\" id=\"t17_152\">Translation differences </span><span class=\"S32C6 SC5 S2\" id=\"t18_152\">-10 038 </span><span class=\"S32C7 SC5 S2\" id=\"t19_152\">-8 136 </span><span class=\"S32C8 SC5 S2\" id=\"t1a_152\">0 </span><span class=\"S32C9 SC5 S2\" id=\"t1b_152\">-8 136 </span><span class=\"S32CA SC5 S2\" id=\"t1c_152\">-1 902 </span><span class=\"S32CB SC5 S2\" id=\"t1d_152\">0 </span><span class=\"S32CC SC5 S2\" id=\"t1e_152\">-1 902 </span><span class=\"S32CD SC5 S2\" id=\"t1f_152\">New leasing debt </span><span class=\"S32CE SC5 S2\" id=\"t1g_152\">891 145 </span><span class=\"S32CF SC5 S2\" id=\"t1h_152\">245 020 </span><span class=\"S32D0 SC5 S2\" id=\"t1i_152\">52 057 </span><span class=\"S32D1 SC5 S2\" id=\"t1j_152\">192 963 </span><span class=\"S32D2 SC5 S2\" id=\"t1k_152\">646 125 </span><span class=\"S32D3 SC5 S2\" id=\"t1l_152\">116 567 </span><span class=\"S32D4 SC5 S2\" id=\"t1m_152\">529 559 </span><span class=\"S32D5 SC5 S2\" id=\"t1n_152\">Leasing debt terminated in </span><span class=\"S32D6 SC5 S2\" id=\"t1o_152\">connection with new agreements </span><span class=\"S32D7 SC5 S2\" id=\"t1p_152\">-158 327 </span><span class=\"S32D8 SC5 S2\" id=\"t1q_152\">-37 618 </span><span class=\"S32D9 SC5 S2\" id=\"t1r_152\">-11 286 </span><span class=\"S32DA SC5 S2\" id=\"t1s_152\">-26 333 </span><span class=\"S32DB SC5 S2\" id=\"t1t_152\">-120 708 </span><span class=\"S32DC SC5 S2\" id=\"t1u_152\">-12 071 </span><span class=\"S32DD SC5 S2\" id=\"t1v_152\">-108 637 </span><span class=\"S32DE SC5 S2\" id=\"t1w_152\">Redeemed </span><span class=\"S32DF SC5 S2\" id=\"t1x_152\">-509 584 </span><span class=\"S32E0 SC5 S2\" id=\"t1y_152\">-249 877 </span><span class=\"S32E1 SC5 S2\" id=\"t1z_152\">-249 877 </span><span class=\"S32E2 SC5 S2\" id=\"t20_152\">0 </span><span class=\"S32E3 SC5 S2\" id=\"t21_152\">-259 707 </span><span class=\"S32E4 SC5 S2\" id=\"t22_152\">-259 707 </span><span class=\"S32E5 SC5 S2\" id=\"t23_152\">0 </span><span class=\"S32E6 SC4 S2\" id=\"t24_152\">Carried value 31.12 </span><span class=\"S32E7 SC4 S2\" id=\"t25_152\">2 559 070 </span><span class=\"S32E8 SC4 S2\" id=\"t26_152\">1 236 528 </span><span class=\"S32E9 SC4 S2\" id=\"t27_152\">246 755 </span><span class=\"S32EA SC4 S2\" id=\"t28_152\">989 773 </span><span class=\"S32EB SC4 S2\" id=\"t29_152\">1 322 542 </span><span class=\"S32EC SC4 S2\" id=\"t2a_152\">231 480 </span><span class=\"S32ED SC4 S2\" id=\"t2b_152\">1 091 062 </span><span class=\"S32EE SC4 S2\" id=\"t2c_152\">To credit institutions </span><span class=\"S32EF SC4 S2\" id=\"t2d_152\">To others </span><span class=\"S32F0 SC4 S2\" id=\"t2e_152\">2022 </span><span class=\"S32F1 SC4 S2\" id=\"t2f_152\">Total lease </span><span class=\"S32F2 SC4 S2\" id=\"t2g_152\">liabilities </span><span class=\"S32F3 SC4 S2\" id=\"t2h_152\">Total </span><span class=\"S32F4 SC4 S2\" id=\"t2i_152\">Short-term </span><span class=\"S32F5 SC4 S2\" id=\"t2j_152\">portion </span><span class=\"S32F6 SC4 S2\" id=\"t2k_152\">Long-term </span><span class=\"S32F7 SC4 S2\" id=\"t2l_152\">portion </span><span class=\"S32F8 SC4 S2\" id=\"t2m_152\">Total </span><span class=\"S32F9 SC4 S2\" id=\"t2n_152\">Short-term </span><span class=\"S32FA SC4 S2\" id=\"t2o_152\">portion </span><span class=\"S32FB SC4 S2\" id=\"t2p_152\">Long-term </span><span class=\"S32FC SC4 S2\" id=\"t2q_152\">portion </span><span class=\"S32FD SC5 S2\" id=\"t2r_152\">Carried value 01.01 </span><span class=\"S32FE SC5 S2\" id=\"t2s_152\">2 559 070 </span><span class=\"S32FF SC5 S2\" id=\"t2t_152\">1 236 528 </span><span class=\"S3300 SC5 S2\" id=\"t2u_152\">246 755 </span><span class=\"S3301 SC5 S2\" id=\"t2v_152\">989 773 </span><span class=\"S3302 SC5 S2\" id=\"t2w_152\">1 322 542 </span><span class=\"S3303 SC5 S2\" id=\"t2x_152\">231 480 </span><span class=\"S3304 SC5 S2\" id=\"t2y_152\">1 091 062 </span><span class=\"S3305 SC5 S2\" id=\"t2z_152\">Long term portion previous year </span><span class=\"S3306 SC5 S2\" id=\"t30_152\">become short term portion </span><span class=\"S3307 SC5 S2\" id=\"t31_152\">0 </span><span class=\"S3308 SC5 S2\" id=\"t32_152\">301 438 </span><span class=\"S3309 SC5 S2\" id=\"t33_152\">-301 438 </span><span class=\"S330A SC5 S2\" id=\"t34_152\">202 141 </span><span class=\"S330B SC5 S2\" id=\"t35_152\">-202 141 </span><span class=\"S330C SC5 S2\" id=\"t36_152\">Translation differences </span><span class=\"S330D SC5 S2\" id=\"t37_152\">10 573 </span><span class=\"S330E SC5 S2\" id=\"t38_152\">9 515 </span><span class=\"S330F SC5 S2\" id=\"t39_152\">0 </span><span class=\"S3310 SC5 S2\" id=\"t3a_152\">9 515 </span><span class=\"S3311 SC5 S2\" id=\"t3b_152\">1 058 </span><span class=\"S3312 SC5 S2\" id=\"t3c_152\">0 </span><span class=\"S3313 SC5 S2\" id=\"t3d_152\">1 058 </span><span class=\"S3314 SC5 S2\" id=\"t3e_152\">New leasing debt </span><span class=\"S3315 SC5 S2\" id=\"t3f_152\">799 622 </span><span class=\"S3316 SC5 S2\" id=\"t3g_152\">230 035 </span><span class=\"S3317 SC5 S2\" id=\"t3h_152\">45 218 </span><span class=\"S3318 SC5 S2\" id=\"t3i_152\">184 817 </span><span class=\"S3319 SC5 S2\" id=\"t3j_152\">569 587 </span><span class=\"S331A SC5 S2\" id=\"t3k_152\">148 163 </span><span class=\"S331B SC5 S2\" id=\"t3l_152\">421 424 </span><span class=\"S331C SC5 S2\" id=\"t3m_152\">Leasing debt terminated in </span><span class=\"S331D SC5 S2\" id=\"t3n_152\">connection with new agreements </span><span class=\"S331E SC5 S2\" id=\"t3o_152\">-57 088 </span><span class=\"S331F SC5 S2\" id=\"t3p_152\">-2 093 </span><span class=\"S3320 SC5 S2\" id=\"t3q_152\">-628 </span><span class=\"S3321 SC5 S2\" id=\"t3r_152\">-1 465 </span><span class=\"S3322 SC5 S2\" id=\"t3s_152\">-54 995 </span><span class=\"S3323 SC5 S2\" id=\"t3t_152\">-16 499 </span><span class=\"S3324 SC5 S2\" id=\"t3u_152\">-38 497 </span><span class=\"S3325 SC5 S2\" id=\"t3v_152\">Redeemed </span><span class=\"S3326 SC5 S2\" id=\"t3w_152\">-555 942 </span><span class=\"S3327 SC5 S2\" id=\"t3x_152\">-260 270 </span><span class=\"S3328 SC5 S2\" id=\"t3y_152\">-260 270 </span><span class=\"S3329 SC5 S2\" id=\"t3z_152\">0 </span><span class=\"S332A SC5 S2\" id=\"t40_152\">-295 672 </span><span class=\"S332B SC5 S2\" id=\"t41_152\">-295 672 </span><span class=\"S332C SC5 S2\" id=\"t42_152\">0 </span><span class=\"S332D SC4 S2\" id=\"t43_152\">Carried value 31.12 </span><span class=\"S332E SC4 S2\" id=\"t44_152\">2 756 235 </span><span class=\"S332F SC4 S2\" id=\"t45_152\">1 213 715 </span><span class=\"S3330 SC4 S2\" id=\"t46_152\">332 513 </span><span class=\"S3331 SC4 S2\" id=\"t47_152\">881 202 </span><span class=\"S3332 SC4 S2\" id=\"t48_152\">1 542 520 </span><span class=\"S3333 SC4 S2\" id=\"t49_152\">269 614 </span><span class=\"S3334 SC4 S2\" id=\"t4a_152\">1 272 906 </span><span class=\"S3335 SC5 S2\" id=\"t4b_152\">Payment pro\ufb01le on instalments and interests, see note 15 </span><span class=\"S3336 SC4 S2\" id=\"t4c_152\">2022 </span><span class=\"S3337 SC4 S2\" id=\"t4d_152\">2021 </span><span class=\"S3338 SC4 S2\" id=\"t4e_152\">Accounting </span><span class=\"S3339 SC4 S2\" id=\"t4f_152\">Lease cost </span><span class=\"S333A SC4 S2\" id=\"t4g_152\">paid </span><span class=\"S333B SC4 S2\" id=\"t4h_152\">Of which </span><span class=\"S333C SC4 S2\" id=\"t4i_152\">to credit </span><span class=\"S333D SC4 S2\" id=\"t4j_152\">institutions </span><span class=\"S333E SC4 S2\" id=\"t4k_152\">Of which </span><span class=\"S333F SC4 S2\" id=\"t4l_152\">to others </span><span class=\"S3340 SC4 S2\" id=\"t4m_152\">Lease cost </span><span class=\"S3341 SC4 S2\" id=\"t4n_152\">paid </span><span class=\"S3342 SC4 S2\" id=\"t4o_152\">Of which </span><span class=\"S3343 SC4 S2\" id=\"t4p_152\">to credit </span><span class=\"S3344 SC4 S2\" id=\"t4q_152\">institutions </span><span class=\"S3345 SC4 S2\" id=\"t4r_152\">Of which </span><span class=\"S3346 SC4 S2\" id=\"t4s_152\">to others </span><span class=\"S3347 SC5 S2\" id=\"t4t_152\">Lease costs paid on non-carried </span><span class=\"S3348 SC5 S2\" id=\"t4u_152\">agreements </span><span class=\"S3349 SC5 S2\" id=\"t4v_152\">Operating cost </span><span class=\"S334A SC5 S2\" id=\"t4w_152\">9 276 </span><span class=\"S334B SC5 S2\" id=\"t4x_152\">0 </span><span class=\"S334C SC5 S2\" id=\"t4y_152\">9 276 </span><span class=\"S334D SC5 S2\" id=\"t4z_152\">16 917 </span><span class=\"S334E SC5 S2\" id=\"t50_152\">2 426 </span><span class=\"S334F SC5 S2\" id=\"t51_152\">14 491 </span><span class=\"S3350 SC5 S2\" id=\"t52_152\">Instalments paid </span><span class=\"S3351 SC5 S2\" id=\"t53_152\">Reduction in debt </span><span class=\"S3352 SC5 S2\" id=\"t54_152\">555 942 </span><span class=\"S3353 SC5 S2\" id=\"t55_152\">260 270 </span><span class=\"S3354 SC5 S2\" id=\"t56_152\">295 672 </span><span class=\"S3355 SC5 S2\" id=\"t57_152\">509 584 </span><span class=\"S3356 SC5 S2\" id=\"t58_152\">249 877 </span><span class=\"S3357 SC5 S2\" id=\"t59_152\">259 707 </span><span class=\"S3358 SC5 S2\" id=\"t5a_152\">Interest costs paid </span><span class=\"S3359 SC5 S2\" id=\"t5b_152\">Financial cost </span><span class=\"S335A SC5 S2\" id=\"t5c_152\">106 445 </span><span class=\"S335B SC5 S2\" id=\"t5d_152\">39 445 </span><span class=\"S335C SC5 S2\" id=\"t5e_152\">67 000 </span><span class=\"S335D SC5 S2\" id=\"t5f_152\">81 738 </span><span class=\"S335E SC5 S2\" id=\"t5g_152\">26 839 </span><span class=\"S335F SC5 S2\" id=\"t5h_152\">54 899 </span><span class=\"S3360 SC4 S2\" id=\"t5i_152\">Outgoing cash \ufb02ows related to leases </span><span class=\"S3361 SC4 S2\" id=\"t5j_152\">671 663 </span><span class=\"S3362 SC4 S2\" id=\"t5k_152\">299 715 </span><span class=\"S3363 SC4 S2\" id=\"t5l_152\">371 948 </span><span class=\"S3364 SC4 S2\" id=\"t5m_152\">608 239 </span><span class=\"S3365 SC4 S2\" id=\"t5n_152\">279 142 </span><span class=\"S3366 SC4 S2\" id=\"t5o_152\">329 097 </span><span class=\"S3367 SC4 S2\" id=\"t5p_152\">Lease costs paid on non-carried agreements compromise </span><span class=\"S3368 SC5 S2\" id=\"t5q_152\">Lease on agreements with exemption for short-term </span><span class=\"S3369 SC5 S2\" id=\"t5r_152\">agreements </span><span class=\"S336A SC5 S2\" id=\"t5s_152\">3 108 </span><span class=\"S336B SC5 S2\" id=\"t5t_152\">0 </span><span class=\"S336C SC5 S2\" id=\"t5u_152\">3 108 </span><span class=\"S336D SC5 S2\" id=\"t5v_152\">9 268 </span><span class=\"S336E SC5 S2\" id=\"t5w_152\">9 268 </span><span class=\"S336F SC5 S2\" id=\"t5x_152\">Lease on agreements with exemption for low value assets </span><span class=\"S3370 SC5 S2\" id=\"t5y_152\">3 257 </span><span class=\"S3371 SC5 S2\" id=\"t5z_152\">0 </span><span class=\"S3372 SC5 S2\" id=\"t60_152\">3 257 </span><span class=\"S3373 SC5 S2\" id=\"t61_152\">5 504 </span><span class=\"S3374 SC5 S2\" id=\"t62_152\">2 426 </span><span class=\"S3375 SC5 S2\" id=\"t63_152\">3 078 </span><span class=\"S3376 SC5 S2\" id=\"t64_152\">Expenses related to variable lease, not included in the </span><span class=\"S3377 SC5 S2\" id=\"t65_152\">carried amount </span><span class=\"S3378 SC5 S2\" id=\"t66_152\">2 911 </span><span class=\"S3379 SC5 S2\" id=\"t67_152\">0 </span><span class=\"S337A SC5 S2\" id=\"t68_152\">2 911 </span><span class=\"S337B SC5 S2\" id=\"t69_152\">2 146 </span><span class=\"S337C SC5 S2\" id=\"t6a_152\">2 146 </span><span class=\"S337D SC4 S2\" id=\"t6b_152\">Total </span><span class=\"S337E SC4 S2\" id=\"t6c_152\">9 276 </span><span class=\"S337F SC4 S2\" id=\"t6d_152\">0 </span><span class=\"S3380 SC4 S2\" id=\"t6e_152\">9 276 </span><span class=\"S3381 SC4 S2\" id=\"t6f_152\">16 918 </span><span class=\"S3382 SC4 S2\" id=\"t6g_152\">2 426 </span><span class=\"S3383 SC4 S2\" id=\"t6h_152\">14 492 </span><span class=\"S3384 SC5 S2\" id=\"t6i_152\">Instalments paid, to both credit institutions and to others, are included in downpayments of long-term debt under \ufb01nancing activities in the </span><span class=\"S3385 SC5 S2\" id=\"t6j_152\">cash \ufb02ow statement. </span><span class=\"S3386 SC5 S2\" id=\"t6k_152\">See note 15 for reconciliation. </span><span class=\"S1D89 S18EC S2\" id=\"t6t_152\">NOTE 8 cont. </span><span class=\"S31CF S18EC S2\" id=\"t6u_152\">Leases </span><span class=\"S3389 SC4 S2\" id=\"t1_153\">2021 </span><span class=\"S338A SC4 S2\" id=\"t2_153\">Prepayments </span><span class=\"S338B SC4 S2\" id=\"t3_153\">to suppliers </span><span class=\"S338C SC4 S2\" id=\"t4_153\">Projects in </span><span class=\"S338D SC4 S2\" id=\"t5_153\">progress </span><span class=\"S338E SC4 S2\" id=\"t6_153\">Real </span><span class=\"S338F SC4 S2\" id=\"t7_153\">estate </span><span class=\"S3390 SC4 S2\" id=\"t8_153\">Buildings </span><span class=\"S3391 SC4 S2\" id=\"t9_153\">Vessels </span><span class=\"S3392 SC4 S2\" id=\"ta_153\">(\ufb01shing </span><span class=\"S3393 SC4 S2\" id=\"tb_153\">boats) </span><span class=\"S3394 SC4 S2\" id=\"tc_153\">Machines, </span><span class=\"S3395 SC4 S2\" id=\"td_153\">\ufb01xtures, </span><span class=\"S3396 SC4 S2\" id=\"te_153\">equip., etc. </span><span class=\"S3397 SC4 S2\" id=\"tf_153\">Total </span><span class=\"S3398 SC4 S2\" id=\"tg_153\">Accounting year 2021 </span><span class=\"S3399 SC5 S2\" id=\"th_153\">Carrying value 01.01 </span><span class=\"S339A SC5 S2\" id=\"ti_153\">1 953 </span><span class=\"S339B SC5 S2\" id=\"tj_153\">334 561 </span><span class=\"S339C SC5 S2\" id=\"tk_153\">287 518 </span><span class=\"S339D SC5 S2\" id=\"tl_153\">3 104 825 </span><span class=\"S339E SC5 S2\" id=\"tm_153\">1 627 090 </span><span class=\"S339F SC5 S2\" id=\"tn_153\">1 441 134 </span><span class=\"S33A0 SC5 S2\" id=\"to_153\">6 797 080 </span><span class=\"S33A1 SC5 S2\" id=\"tp_153\">Allocation of completed projects in progress </span><span class=\"S33A2 SC5 S2\" id=\"tq_153\">-1 757 </span><span class=\"S33A3 SC5 S2\" id=\"tr_153\">-80 810 </span><span class=\"S33A4 SC5 S2\" id=\"ts_153\">52 470 </span><span class=\"S33A5 SC5 S2\" id=\"tt_153\">30 097 </span><span class=\"S33A6 SC5 S2\" id=\"tu_153\">0 </span><span class=\"S33A7 SC5 S2\" id=\"tv_153\">Foreign currency translation differences </span><span class=\"S33A8 SC5 S2\" id=\"tw_153\">-91 </span><span class=\"S33A9 SC5 S2\" id=\"tx_153\">-1 718 </span><span class=\"S33AA SC5 S2\" id=\"ty_153\">-2 799 </span><span class=\"S33AB SC5 S2\" id=\"tz_153\">-17 628 </span><span class=\"S33AC SC5 S2\" id=\"t10_153\">-12 542 </span><span class=\"S33AD SC5 S2\" id=\"t11_153\">-34 778 </span><span class=\"S33AE SC5 S2\" id=\"t12_153\">Business combinations </span><span class=\"S33AF SC5 S2\" id=\"t13_153\">751 </span><span class=\"S33B0 SC5 S2\" id=\"t14_153\">58 697 </span><span class=\"S33B1 SC5 S2\" id=\"t15_153\">107 111 </span><span class=\"S33B2 SC5 S2\" id=\"t16_153\">90 701 </span><span class=\"S33B3 SC5 S2\" id=\"t17_153\">257 260 </span><span class=\"S1B29 SC5 S2\" id=\"t18_153\">Operating assets acquired </span><span class=\"S33B4 SC5 S2\" id=\"t19_153\">4 520 </span><span class=\"S33B5 SC5 S2\" id=\"t1a_153\">425 060 </span><span class=\"S33B6 SC5 S2\" id=\"t1b_153\">77 622 </span><span class=\"S33B7 SC5 S2\" id=\"t1c_153\">190 653 </span><span class=\"S33B8 SC5 S2\" id=\"t1d_153\">48 305 </span><span class=\"S33B9 SC5 S2\" id=\"t1e_153\">268 894 </span><span class=\"S33BA SC5 S2\" id=\"t1f_153\">1 015 054 </span><span class=\"S33BB SC5 S2\" id=\"t1g_153\">Disposal </span><span class=\"S33BC SC5 S2\" id=\"t1h_153\">-8 307 </span><span class=\"S33BD SC5 S2\" id=\"t1i_153\">-5 030 </span><span class=\"S33BE SC5 S2\" id=\"t1j_153\">-138 </span><span class=\"S33BF SC5 S2\" id=\"t1k_153\">-3 535 </span><span class=\"S33C0 SC5 S2\" id=\"t1l_153\">-17 011 </span><span class=\"S33C1 SC5 S2\" id=\"t1m_153\">Depreciation for the year </span><span class=\"S33C2 SC5 S2\" id=\"t1n_153\">-272 755 </span><span class=\"S33C3 SC5 S2\" id=\"t1o_153\">-110 705 </span><span class=\"S33C4 SC5 S2\" id=\"t1p_153\">-330 265 </span><span class=\"S33C5 SC5 S2\" id=\"t1q_153\">-713 726 </span><span class=\"S33C6 SC5 S2\" id=\"t1r_153\">Impairment loss </span><span class=\"S33C7 SC5 S2\" id=\"t1s_153\">-6 400 </span><span class=\"S33C8 SC5 S2\" id=\"t1t_153\">-6 400 </span><span class=\"S33C9 SC4 S2\" id=\"t1u_153\">Carrying value 31.12 </span><span class=\"S33CA SC4 S2\" id=\"t1v_153\">4 625 </span><span class=\"S33CB SC4 S2\" id=\"t1w_153\">677 845 </span><span class=\"S33CC SC4 S2\" id=\"t1x_153\">412 730 </span><span class=\"S33CD SC4 S2\" id=\"t1y_153\">3 159 645 </span><span class=\"S33CE SC4 S2\" id=\"t1z_153\">1 564 551 </span><span class=\"S33CF SC4 S2\" id=\"t20_153\">1 478 083 </span><span class=\"S33D0 SC4 S2\" id=\"t21_153\">7 297 480 </span><span class=\"S33D1 SC4 S2\" id=\"t22_153\">31 December 2021 </span><span class=\"S33D2 SC5 S2\" id=\"t23_153\">Acquisition cost </span><span class=\"S33D3 SC5 S2\" id=\"t24_153\">4 625 </span><span class=\"S33D4 SC5 S2\" id=\"t25_153\">677 845 </span><span class=\"S33D5 SC5 S2\" id=\"t26_153\">412 730 </span><span class=\"S33D6 SC5 S2\" id=\"t27_153\">4 400 822 </span><span class=\"S33D7 SC5 S2\" id=\"t28_153\">1 999 191 </span><span class=\"S33D8 SC5 S2\" id=\"t29_153\">4 162 358 </span><span class=\"S33D9 SC5 S2\" id=\"t2a_153\">11 657 572 </span><span class=\"S33DA SC5 S2\" id=\"t2b_153\">Accumulated depreciation </span><span class=\"S33DB SC5 S2\" id=\"t2c_153\">-1 225 382 </span><span class=\"S33DC SC5 S2\" id=\"t2d_153\">-434 640 </span><span class=\"S33DD SC5 S2\" id=\"t2e_153\">-2 657 400 </span><span class=\"S33DE SC5 S2\" id=\"t2f_153\">-4 317 422 </span><span class=\"S33DF SC5 S2\" id=\"t2g_153\">Accumulated impairment loss </span><span class=\"S33E0 SC5 S2\" id=\"t2h_153\">-15 795 </span><span class=\"S33E1 SC5 S2\" id=\"t2i_153\">0 </span><span class=\"S33E2 SC5 S2\" id=\"t2j_153\">-26 875 </span><span class=\"S33E3 SC5 S2\" id=\"t2k_153\">-42 670 </span><span class=\"S33E4 SC4 S2\" id=\"t2l_153\">Carrying value 31.12 </span><span class=\"S33E5 SC4 S2\" id=\"t2m_153\">4 625 </span><span class=\"S33E6 SC4 S2\" id=\"t2n_153\">677 845 </span><span class=\"S33E7 SC4 S2\" id=\"t2o_153\">412 730 </span><span class=\"S33E8 SC4 S2\" id=\"t2p_153\">3 159 645 </span><span class=\"S33E9 SC4 S2\" id=\"t2q_153\">1 564 551 </span><span class=\"S33EA SC4 S2\" id=\"t2r_153\">1 478 083 </span><span class=\"S33EB SC4 S2\" id=\"t2s_153\">7 297 480 </span><span class=\"S33EC SC4 S2\" id=\"t2t_153\">2022 </span><span class=\"S33ED SC4 S2\" id=\"t2u_153\">Prepayments </span><span class=\"S33EE SC4 S2\" id=\"t2v_153\">to suppliers </span><span class=\"S33EF SC4 S2\" id=\"t2w_153\">Projects in </span><span class=\"S33F0 SC4 S2\" id=\"t2x_153\">progress </span><span class=\"S33F1 SC4 S2\" id=\"t2y_153\">Real </span><span class=\"S33F2 SC4 S2\" id=\"t2z_153\">estate </span><span class=\"S33F3 SC4 S2\" id=\"t30_153\">Buildings </span><span class=\"S33F4 SC4 S2\" id=\"t31_153\">Vessels </span><span class=\"S33F5 SC4 S2\" id=\"t32_153\">(\ufb01shing </span><span class=\"S33F6 SC4 S2\" id=\"t33_153\">boats) </span><span class=\"S33F7 SC4 S2\" id=\"t34_153\">Machines, </span><span class=\"S33F8 SC4 S2\" id=\"t35_153\">\ufb01xtures, </span><span class=\"S33F9 SC4 S2\" id=\"t36_153\">equip., etc. </span><span class=\"S33FA SC4 S2\" id=\"t37_153\">Total </span><span class=\"S33FB SC4 S2\" id=\"t38_153\">Accounting year 2022 </span><span class=\"S33FC SC5 S2\" id=\"t39_153\">Carrying value 01.01 </span><span class=\"S33FD SC5 S2\" id=\"t3a_153\">4 625 </span><span class=\"S33FE SC5 S2\" id=\"t3b_153\">677 845 </span><span class=\"S33FF SC5 S2\" id=\"t3c_153\">412 730 </span><span class=\"S3400 SC5 S2\" id=\"t3d_153\">3 159 645 </span><span class=\"S3401 SC5 S2\" id=\"t3e_153\">1 564 551 </span><span class=\"S3402 SC5 S2\" id=\"t3f_153\">1 478 083 </span><span class=\"S3403 SC5 S2\" id=\"t3g_153\">7 297 480 </span><span class=\"S3404 SC5 S2\" id=\"t3h_153\">Allocation of completed projects in progress </span><span class=\"S3405 SC5 S2\" id=\"t3i_153\">-3 960 </span><span class=\"S3406 SC5 S2\" id=\"t3j_153\">-712 315 </span><span class=\"S3407 SC5 S2\" id=\"t3k_153\">39 064 </span><span class=\"S3408 SC5 S2\" id=\"t3l_153\">648 722 </span><span class=\"S3409 SC5 S2\" id=\"t3m_153\">0 </span><span class=\"S340A SC5 S2\" id=\"t3n_153\">28 489 </span><span class=\"S340B SC5 S2\" id=\"t3o_153\">0 </span><span class=\"S340C SC5 S2\" id=\"t3p_153\">Foreign currency translation differences </span><span class=\"S340D SC5 S2\" id=\"t3q_153\">262 </span><span class=\"S340E SC5 S2\" id=\"t3r_153\">18 </span><span class=\"S340F SC5 S2\" id=\"t3s_153\">2 718 </span><span class=\"S3410 SC5 S2\" id=\"t3t_153\">17 357 </span><span class=\"S3411 SC5 S2\" id=\"t3u_153\">0 </span><span class=\"S3412 SC5 S2\" id=\"t3v_153\">13 122 </span><span class=\"S3413 SC5 S2\" id=\"t3w_153\">33 476 </span><span class=\"S2869 SC5 S2\" id=\"t3x_153\">Business combinations </span><span class=\"S3414 SC5 S2\" id=\"t3y_153\">5 641 </span><span class=\"S3415 SC5 S2\" id=\"t3z_153\">128 </span><span class=\"S3416 SC5 S2\" id=\"t40_153\">5 769 </span><span class=\"S3417 SC5 S2\" id=\"t41_153\">Operating assets acquired </span><span class=\"S3418 SC5 S2\" id=\"t42_153\">417 </span><span class=\"S3419 SC5 S2\" id=\"t43_153\">131 638 </span><span class=\"S341A SC5 S2\" id=\"t44_153\">18 414 </span><span class=\"S341B SC5 S2\" id=\"t45_153\">285 257 </span><span class=\"S341C SC5 S2\" id=\"t46_153\">129 838 </span><span class=\"S341D SC5 S2\" id=\"t47_153\">345 836 </span><span class=\"S341E SC5 S2\" id=\"t48_153\">911 400 </span><span class=\"S341F SC5 S2\" id=\"t49_153\">Disposal </span><span class=\"S3420 SC5 S2\" id=\"t4a_153\">-428 </span><span class=\"S3421 SC5 S2\" id=\"t4b_153\">-17 884 </span><span class=\"S3422 SC5 S2\" id=\"t4c_153\">-18 312 </span><span class=\"S3423 SC5 S2\" id=\"t4d_153\">Depreciation for the year </span><span class=\"S3424 SC5 S2\" id=\"t4e_153\">-286 442 </span><span class=\"S3425 SC5 S2\" id=\"t4f_153\">-110 073 </span><span class=\"S3426 SC5 S2\" id=\"t4g_153\">-345 909 </span><span class=\"S3427 SC5 S2\" id=\"t4h_153\">-742 424 </span><span class=\"S3428 SC4 S2\" id=\"t4i_153\">Carrying value 31.12 </span><span class=\"S3429 SC4 S2\" id=\"t4j_153\">1 344 </span><span class=\"S342A SC4 S2\" id=\"t4k_153\">97 186 </span><span class=\"S342B SC4 S2\" id=\"t4l_153\">472 926 </span><span class=\"S342C SC4 S2\" id=\"t4m_153\">3 829 752 </span><span class=\"S342D SC4 S2\" id=\"t4n_153\">1 584 316 </span><span class=\"S342E SC4 S2\" id=\"t4o_153\">1 501 865 </span><span class=\"S342F SC4 S2\" id=\"t4p_153\">7 487 389 </span><span class=\"S3430 SC4 S2\" id=\"t4q_153\">31 December 2022 </span><span class=\"S3431 SC5 S2\" id=\"t4r_153\">Acquisition cost </span><span class=\"S3432 SC5 S2\" id=\"t4s_153\">1 344 </span><span class=\"S3433 SC5 S2\" id=\"t4t_153\">97 186 </span><span class=\"S3434 SC5 S2\" id=\"t4u_153\">472 926 </span><span class=\"S3435 SC5 S2\" id=\"t4v_153\">5 340 413 </span><span class=\"S3436 SC5 S2\" id=\"t4w_153\">2 129 029 </span><span class=\"S3437 SC5 S2\" id=\"t4x_153\">4 468 052 </span><span class=\"S3438 SC5 S2\" id=\"t4y_153\">12 508 949 </span><span class=\"S3439 SC5 S2\" id=\"t4z_153\">Accumulated depreciation </span><span class=\"S343A SC5 S2\" id=\"t50_153\">-1 494 819 </span><span class=\"S343B SC5 S2\" id=\"t51_153\">-544 712 </span><span class=\"S343C SC5 S2\" id=\"t52_153\">-2 945 526 </span><span class=\"S343D SC5 S2\" id=\"t53_153\">-4 985 057 </span><span class=\"S343E SC5 S2\" id=\"t54_153\">Accumulated impairment loss </span><span class=\"S343F SC5 S2\" id=\"t55_153\">-15 842 </span><span class=\"S3440 SC5 S2\" id=\"t56_153\">-20 661 </span><span class=\"S3441 SC5 S2\" id=\"t57_153\">-36 503 </span><span class=\"S3442 SC4 S2\" id=\"t58_153\">Carrying value 31.12 </span><span class=\"S3443 SC4 S2\" id=\"t59_153\">1 344 </span><span class=\"S3444 SC4 S2\" id=\"t5a_153\">97 186 </span><span class=\"S3445 SC4 S2\" id=\"t5b_153\">472 926 </span><span class=\"S3446 SC4 S2\" id=\"t5c_153\">3 829 752 </span><span class=\"S3447 SC4 S2\" id=\"t5d_153\">1 584 317 </span><span class=\"S3448 SC4 S2\" id=\"t5e_153\">1 501 865 </span><span class=\"S3449 SC4 S2\" id=\"t5f_153\">7 487 389 </span><span class=\"S344A SC5 S2\" id=\"t5g_153\">For prepayments to suppliers, the right of property is transferred to the Group on time of completion </span><span class=\"S344B SC5 S2\" id=\"t5h_153\">For projects in progress, the right of property is transferred to the Group based on progress </span><span class=\"S344C SC5 S2\" id=\"t5i_153\">Information on estimated useful life for \ufb01xed assets is provided in paragraph (H) in the note on accounting policies. </span><span class=\"S344D SC5 S2\" id=\"t5j_153\">Information on mortgages for \ufb01xed assets is provided in note on loans, mortgages and guarantees. </span><span class=\"S344E SC5 S2\" id=\"t5k_153\">Leased assets are from 1 January 2019 included in the new group \u00abright-of-use assets\u00bb. See note on leases. </span><span class=\"S3450 S18EC S2\" id=\"t5t_153\">NOTE 9 </span><span class=\"S3451 S18EC S2\" id=\"t5u_153\">Fixed assets </span><span class=\"S3452 SC7 S2\" id=\"t1_154\">Shares in joint ventures and associates </span><span class=\"S3453 S1C40 S2\" id=\"t2_154\">Classi\ufb01cation </span><span class=\"S3454 SC8 S2\" id=\"t3_154\">The joint ventures and associated </span><span class=\"S3455 SC8 S2\" id=\"t4_154\">companies in the group are listed in </span><span class=\"S3456 SC8 S2\" id=\"t5_154\">the table below, and each company </span><span class=\"S2229 SC8 S2\" id=\"t6_154\">is allocated to operating segment. </span><span class=\"S1BD2 SC8 S2\" id=\"t7_154\">Changes during the year are also </span><span class=\"S3457 SC8 S2\" id=\"t8_154\">included. Net book value is recognised </span><span class=\"S3458 SC8 S2\" id=\"t9_154\">according to the equity method. </span><span class=\"S3459 SC8 S2\" id=\"ta_154\">The companies de\ufb01ned as joint </span><span class=\"S345A SC8 S2\" id=\"tb_154\">ventures (from 2022) are classi\ufb01ed as </span><span class=\"S2540 SC8 S2\" id=\"tc_154\">material. The remaining companies </span><span class=\"S345B SC8 S2\" id=\"td_154\">are de\ufb01ned as associates, and they </span><span class=\"S345C SC8 S2\" id=\"te_154\">are classi\ufb01ed as not material. </span><span class=\"S345D SC4 S2\" id=\"tf_154\">Company </span><span class=\"S345E SC4 S2\" id=\"tg_154\">Owner (in LSG group) </span><span class=\"S345F SC4 S2\" id=\"th_154\">Operating </span><span class=\"S3460 SC4 S2\" id=\"ti_154\">segment </span><span class=\"S3461 SC4 S2\" id=\"tj_154\">Country </span><span class=\"S3462 SC4 S2\" id=\"tk_154\">Place of </span><span class=\"S3463 SC4 S2\" id=\"tl_154\">business </span><span class=\"S3464 SC4 S2\" id=\"tm_154\">Ownership </span><span class=\"S3465 SC4 S2\" id=\"tn_154\">/voting </span><span class=\"S3466 SC4 S2\" id=\"to_154\">share 01.01 </span><span class=\"S3467 SC4 S2\" id=\"tp_154\">Ownership </span><span class=\"S3468 SC4 S2\" id=\"tq_154\">/voting </span><span class=\"S3469 SC4 S2\" id=\"tr_154\">share 31.12 </span><span class=\"S346A SC4 S2\" id=\"ts_154\">Net book </span><span class=\"S346B SC4 S2\" id=\"tt_154\">value 31.12 </span><span class=\"S346C SC4 S2\" id=\"tu_154\">Joint ventures (JV) </span><span class=\"S346D SC5 S2\" id=\"tv_154\">Norskott Havbruk AS - group </span><span class=\"S346E SC5 S2\" id=\"tw_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S346F SC5 S2\" id=\"tx_154\">Farming </span><span class=\"S3470 SC5 S2\" id=\"ty_154\">Norway </span><span class=\"S3471 SC5 S2\" id=\"tz_154\">Bergen </span><span class=\"S3472 SC5 S2\" id=\"t10_154\">50 % </span><span class=\"S3473 SC5 S2\" id=\"t11_154\">50 % </span><span class=\"S3474 SC5 S2\" id=\"t12_154\">1 152 856 </span><span class=\"S3475 SC5 S2\" id=\"t13_154\">Seistar Holding AS - group </span><span class=\"S3476 SC5 S2\" id=\"t14_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S3477 SC5 S2\" id=\"t15_154\">Farming </span><span class=\"S3478 SC5 S2\" id=\"t16_154\">Norway </span><span class=\"S3479 SC5 S2\" id=\"t17_154\">Austevoll </span><span class=\"S347A SC5 S2\" id=\"t18_154\">50 % </span><span class=\"S347B SC5 S2\" id=\"t19_154\">50 % </span><span class=\"S347C SC5 S2\" id=\"t1a_154\">233 413 </span><span class=\"S347D SC4 S2\" id=\"t1b_154\">Total material associates </span><span class=\"S347E SC5 S2\" id=\"t1c_154\">1 386 269 </span><span class=\"S347F SC4 S2\" id=\"t1d_154\">Associated companies (AC) </span><span class=\"S3480 SC5 S2\" id=\"t1e_154\">Nesset Kyst\ufb01ske AS </span><span class=\"S3481 SC5 S2\" id=\"t1f_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S3482 SC5 S2\" id=\"t1g_154\">Wild catch </span><span class=\"S3483 SC5 S2\" id=\"t1h_154\">Norway </span><span class=\"S3484 SC5 S2\" id=\"t1i_154\">Hasvik </span><span class=\"S3485 SC5 S2\" id=\"t1j_154\">34 % </span><span class=\"S3486 SC5 S2\" id=\"t1k_154\">34 % </span><span class=\"S3487 SC5 S2\" id=\"t1l_154\">936 </span><span class=\"S3488 SC5 S2\" id=\"t1m_154\">Holmen Fiske AS </span><span class=\"S3489 SC5 S2\" id=\"t1n_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S348A SC5 S2\" id=\"t1o_154\">Wild catch </span><span class=\"S348B SC5 S2\" id=\"t1p_154\">Norway </span><span class=\"S348C SC5 S2\" id=\"t1q_154\">Hasvik </span><span class=\"S348D SC5 S2\" id=\"t1r_154\">34 % </span><span class=\"S348E SC5 S2\" id=\"t1s_154\">33 % </span><span class=\"S348F SC5 S2\" id=\"t1t_154\">7 753 </span><span class=\"S3490 S269C S2\" id=\"t1u_154\">2) </span><span class=\"S3491 SC5 S2\" id=\"t1v_154\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S3492 SC5 S2\" id=\"t1w_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S3493 SC5 S2\" id=\"t1x_154\">Wild catch </span><span class=\"S3494 SC5 S2\" id=\"t1y_154\">Norway </span><span class=\"S3495 SC5 S2\" id=\"t1z_154\">B\u00e5tsfjord </span><span class=\"S3496 SC5 S2\" id=\"t20_154\">28 % </span><span class=\"S3497 SC5 S2\" id=\"t21_154\">28 % </span><span class=\"S3498 SC5 S2\" id=\"t22_154\">308 </span><span class=\"S3499 SC5 S2\" id=\"t23_154\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S349A SC5 S2\" id=\"t24_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S349B SC5 S2\" id=\"t25_154\">Wild catch </span><span class=\"S349C SC5 S2\" id=\"t26_154\">Norway </span><span class=\"S349D SC5 S2\" id=\"t27_154\">B\u00e5tsfjord </span><span class=\"S349E SC5 S2\" id=\"t28_154\">34 % </span><span class=\"S349F SC5 S2\" id=\"t29_154\">34 % </span><span class=\"S34A0 SC5 S2\" id=\"t2a_154\">362 </span><span class=\"S34A1 SC5 S2\" id=\"t2b_154\">Itub AS </span><span class=\"S34A2 SC5 S2\" id=\"t2c_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S34A3 SC5 S2\" id=\"t2d_154\">Wild catch </span><span class=\"S34A4 SC5 S2\" id=\"t2e_154\">Norway </span><span class=\"S34A5 SC5 S2\" id=\"t2f_154\">\u00c5lesund </span><span class=\"S34A6 SC5 S2\" id=\"t2g_154\">22 % </span><span class=\"S34A7 SC5 S2\" id=\"t2h_154\">22 % </span><span class=\"S34A8 SC5 S2\" id=\"t2i_154\">7 893 </span><span class=\"S34A9 SC5 S2\" id=\"t2j_154\">Finnmark Kyst\ufb01ske AS </span><span class=\"S34AA SC5 S2\" id=\"t2k_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34AB SC5 S2\" id=\"t2l_154\">Wild catch </span><span class=\"S34AC SC5 S2\" id=\"t2m_154\">Norway </span><span class=\"S34AD S170E S2\" id=\"t2n_154\">Hammerfest </span><span class=\"S34AE SC5 S2\" id=\"t2o_154\">49 % </span><span class=\"S34AF SC5 S2\" id=\"t2p_154\">49 % </span><span class=\"S34B0 SC5 S2\" id=\"t2q_154\">2 330 </span><span class=\"S34B1 SC5 S2\" id=\"t2r_154\">Vestv\u00e5g\u00f8y Kystrederi AS </span><span class=\"S34B2 SC5 S2\" id=\"t2s_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34B3 SC5 S2\" id=\"t2t_154\">Wild catch </span><span class=\"S34B4 SC5 S2\" id=\"t2u_154\">Norway </span><span class=\"S34B5 SC5 S2\" id=\"t2v_154\">Vestv\u00e5g\u00f8y </span><span class=\"S34B6 SC5 S2\" id=\"t2w_154\">50 % </span><span class=\"S34B7 SC5 S2\" id=\"t2x_154\">50 % </span><span class=\"S34B8 SC5 S2\" id=\"t2y_154\">2 837 </span><span class=\"S34B9 SC5 S2\" id=\"t2z_154\">Ocean Forest </span><span class=\"S34BA SC5 S2\" id=\"t30_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34BB SC5 S2\" id=\"t31_154\">Farming </span><span class=\"S34BC SC5 S2\" id=\"t32_154\">Norway </span><span class=\"S34BD SC5 S2\" id=\"t33_154\">Bergen </span><span class=\"S34BE SC5 S2\" id=\"t34_154\">50 % </span><span class=\"S34BF SC5 S2\" id=\"t35_154\">50 % </span><span class=\"S34C0 SC5 S2\" id=\"t36_154\">189 </span><span class=\"S34C1 SC5 S2\" id=\"t37_154\">Kirkenes Processing AS </span><span class=\"S34C2 SC5 S2\" id=\"t38_154\">Ler\u00f8y Aurora AS </span><span class=\"S34C3 SC5 S2\" id=\"t39_154\">Farming </span><span class=\"S34C4 SC5 S2\" id=\"t3a_154\">Norway </span><span class=\"S34C5 SC5 S2\" id=\"t3b_154\">Kirkenes </span><span class=\"S34C6 SC5 S2\" id=\"t3c_154\">50 % </span><span class=\"S34C7 SC5 S2\" id=\"t3d_154\">50 % </span><span class=\"S34C8 SC5 S2\" id=\"t3e_154\">1 </span><span class=\"S34C9 SC5 S2\" id=\"t3f_154\">Romsdal Processing AS </span><span class=\"S34CA SC5 S2\" id=\"t3g_154\">Ler\u00f8y Aurora AS </span><span class=\"S34CB SC5 S2\" id=\"t3h_154\">Farming </span><span class=\"S34CC SC5 S2\" id=\"t3i_154\">Norway </span><span class=\"S34CD SC5 S2\" id=\"t3j_154\">Midsund </span><span class=\"S34CE SC5 S2\" id=\"t3k_154\">44 % </span><span class=\"S34CF SC5 S2\" id=\"t3l_154\">44 % </span><span class=\"S34D0 SC5 S2\" id=\"t3m_154\">11 483 </span><span class=\"S34D1 SC5 S2\" id=\"t3n_154\">Norway Salmon AS </span><span class=\"S34D2 SC5 S2\" id=\"t3o_154\">Ler\u00f8y Midt AS </span><span class=\"S34D3 SC5 S2\" id=\"t3p_154\">Farming </span><span class=\"S34D4 SC5 S2\" id=\"t3q_154\">Norway </span><span class=\"S34D5 SC5 S2\" id=\"t3r_154\">R\u00f8rvik </span><span class=\"S34D6 SC5 S2\" id=\"t3s_154\">50 % </span><span class=\"S34D7 SC5 S2\" id=\"t3t_154\">50 % </span><span class=\"S34D8 SC5 S2\" id=\"t3u_154\">533 </span><span class=\"S34D9 SC5 S2\" id=\"t3v_154\">Sporbarhet AS </span><span class=\"S34DA SC5 S2\" id=\"t3w_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34DB SC5 S2\" id=\"t3x_154\">Farming </span><span class=\"S34DC SC5 S2\" id=\"t3y_154\">Norway </span><span class=\"S34DD SC5 S2\" id=\"t3z_154\">Trondheim </span><span class=\"S34DE SC5 S2\" id=\"t40_154\">27 % </span><span class=\"S34DF SC5 S2\" id=\"t41_154\">27 % </span><span class=\"S34E0 SC5 S2\" id=\"t42_154\">2 389 </span><span class=\"S34E1 SC5 S2\" id=\"t43_154\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S34E2 SC5 S2\" id=\"t44_154\">Sirevaag AS </span><span class=\"S34E3 SC5 S2\" id=\"t45_154\">VAPSD * </span><span class=\"S34E4 SC5 S2\" id=\"t46_154\">Norway </span><span class=\"S34E5 SC5 S2\" id=\"t47_154\">H\u00e5 </span><span class=\"S34E6 SC5 S2\" id=\"t48_154\">47 % </span><span class=\"S34E7 SC5 S2\" id=\"t49_154\">47 % </span><span class=\"S34E8 SC5 S2\" id=\"t4a_154\">638 </span><span class=\"S34E9 SC5 S2\" id=\"t4b_154\">The Seafood Innovation Cl. AS </span><span class=\"S34EA SC5 S2\" id=\"t4c_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34EB SC5 S2\" id=\"t4d_154\">VAPSD * </span><span class=\"S34EC SC5 S2\" id=\"t4e_154\">Norway </span><span class=\"S34ED SC5 S2\" id=\"t4f_154\">Bergen </span><span class=\"S34EE SC5 S2\" id=\"t4g_154\">20 % </span><span class=\"S34EF SC5 S2\" id=\"t4h_154\">20 % </span><span class=\"S34F0 SC5 S2\" id=\"t4i_154\">641 </span><span class=\"S34F1 SC5 S2\" id=\"t4j_154\">SCS Industry Aps </span><span class=\"S34F2 S3504 S2\" id=\"t4k_154\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S34F3 SC5 S2\" id=\"t4l_154\">VAPSD </span><span class=\"S34F4 SC5 S2\" id=\"t4m_154\">Denmark </span><span class=\"S34F5 SC5 S2\" id=\"t4n_154\">Hirtshals </span><span class=\"S34F6 SC5 S2\" id=\"t4o_154\">0 % </span><span class=\"S34F7 SC5 S2\" id=\"t4p_154\">50 % </span><span class=\"S34F8 SC5 S2\" id=\"t4q_154\">76 </span><span class=\"S34F9 S269C S2\" id=\"t4r_154\">1) </span><span class=\"S34FA SC4 S2\" id=\"t4s_154\">Total other associates </span><span class=\"S34FB SC4 S2\" id=\"t4t_154\">38 369 </span><span class=\"S34FC SC4 S2\" id=\"t4u_154\">Grand total </span><span class=\"S34FD SC4 S2\" id=\"t4v_154\">1 424 638 </span><span class=\"S34FE SAF1 S2\" id=\"t4w_154\">* VAPSD is short for VAP, sales &amp; distribution (VAP = Value Added Processing) </span><span class=\"S34FF SC5 S2\" id=\"t4x_154\">1) Purchase of shares </span><span class=\"S3500 SC5 S2\" id=\"t4y_154\">2) Sale of shares </span><span class=\"S3502 S18EC S2\" id=\"t56_154\">NOTE 10 </span><span class=\"S3503 S18EC S2\" id=\"t57_154\">Shares in joint ventures, associates and other investments </span><span class=\"S3505 SC4 S2\" id=\"t1_155\">Seafood </span><span class=\"S3506 SC4 S2\" id=\"t2_155\">Danmark A/S </span><span class=\"S3507 SC4 S2\" id=\"t3_155\">Group </span><span class=\"S3508 SC4 S2\" id=\"t4_155\">Seistar </span><span class=\"S3509 SC4 S2\" id=\"t5_155\">Holding AS </span><span class=\"S350A SC4 S2\" id=\"t6_155\">Group </span><span class=\"S350B SC4 S2\" id=\"t7_155\">Norskott </span><span class=\"S350C SC4 S2\" id=\"t8_155\">Havbruk AS </span><span class=\"S350D SC4 S2\" id=\"t9_155\">Group </span><span class=\"S350E SC4 S2\" id=\"ta_155\">Other </span><span class=\"S350F SC4 S2\" id=\"tb_155\">associates </span><span class=\"S3510 SC4 S2\" id=\"tc_155\">Total </span><span class=\"S3511 SC4 S2\" id=\"td_155\">associates </span><span class=\"S3512 SC4 S2\" id=\"te_155\">Acquisition year </span><span class=\"S3513 SC4 S2\" id=\"tf_155\">2017 </span><span class=\"S3514 SC4 S2\" id=\"tg_155\">2015 </span><span class=\"S3515 SC4 S2\" id=\"th_155\">2001 </span><span class=\"S3516 SC4 S2\" id=\"ti_155\">2021 </span><span class=\"S3517 SC4 S2\" id=\"tj_155\">Opening balance 01.01 </span><span class=\"S3518 SC5 S2\" id=\"tk_155\">139 476 </span><span class=\"S3519 SC5 S2\" id=\"tl_155\">197 789 </span><span class=\"S351A SC5 S2\" id=\"tm_155\">682 503 </span><span class=\"S351B SC5 S2\" id=\"tn_155\">35 694 </span><span class=\"S351C SC4 S2\" id=\"to_155\">1 055 463 </span><span class=\"S351D SC5 S2\" id=\"tp_155\">Companies acquired </span><span class=\"S351E SC5 S2\" id=\"tq_155\">305 500 </span><span class=\"S351F SC5 S2\" id=\"tr_155\">2 250 </span><span class=\"S3520 SC4 S2\" id=\"ts_155\">307 750 </span><span class=\"S3521 SC5 S2\" id=\"tt_155\">Change from associated company to subsidiary </span><span class=\"S3522 SC5 S2\" id=\"tu_155\">-125 350 </span><span class=\"S3523 SC5 S2\" id=\"tv_155\">-4 417 </span><span class=\"S3524 SC4 S2\" id=\"tw_155\">-129 767 </span><span class=\"S3525 SC5 S2\" id=\"tx_155\">Companies sold </span><span class=\"S3526 SC5 S2\" id=\"ty_155\">-61 </span><span class=\"S3527 SC4 S2\" id=\"tz_155\">-61 </span><span class=\"S3528 SC5 S2\" id=\"t10_155\">Share of this year's pro\ufb01t </span><span class=\"S3529 SC5 S2\" id=\"t11_155\">5 992 </span><span class=\"S352A SC5 S2\" id=\"t12_155\">20 893 </span><span class=\"S352B SC5 S2\" id=\"t13_155\">93 577 </span><span class=\"S352C SC5 S2\" id=\"t14_155\">1 039 </span><span class=\"S352D SC4 S2\" id=\"t15_155\">121 502 </span><span class=\"S352E SC5 S2\" id=\"t16_155\">Dividend distributed </span><span class=\"S352F SC5 S2\" id=\"t17_155\">-13 514 </span><span class=\"S3530 SC4 S2\" id=\"t18_155\">-13 514 </span><span class=\"S3531 SC5 S2\" id=\"t19_155\">Currency translation differences * </span><span class=\"S3532 SC5 S2\" id=\"t1a_155\">-6 605 </span><span class=\"S3533 SC5 S2\" id=\"t1b_155\">14 196 </span><span class=\"S3534 SC4 S2\" id=\"t1c_155\">7 591 </span><span class=\"S3535 SC5 S2\" id=\"t1d_155\">Other changes over equity </span><span class=\"S3536 SC5 S2\" id=\"t1e_155\">-892 </span><span class=\"S3537 SC4 S2\" id=\"t1f_155\">-892 </span><span class=\"S3538 SC4 S2\" id=\"t1g_155\">Closing balance as of 31.12 </span><span class=\"S3539 SC4 S2\" id=\"t1h_155\">0 </span><span class=\"S353A SC4 S2\" id=\"t1i_155\">218 682 </span><span class=\"S353B SC4 S2\" id=\"t1j_155\">1 094 884 </span><span class=\"S353C SC4 S2\" id=\"t1k_155\">34 505 </span><span class=\"S353D SC4 S2\" id=\"t1l_155\">1 348 072 </span><span class=\"S33D2 SC5 S2\" id=\"t1m_155\">Acquisition cost </span><span class=\"S353E SC5 S2\" id=\"t1n_155\">86 500 </span><span class=\"S353F SC5 S2\" id=\"t1o_155\">468 773 </span><span class=\"S3540 SC4 S2\" id=\"t1p_155\">Income from joint ventures and associates </span><span class=\"S3541 SC5 S2\" id=\"t1q_155\">Share of this year's pro\ufb01t </span><span class=\"S3542 SC5 S2\" id=\"t1r_155\">5 992 </span><span class=\"S3543 SC5 S2\" id=\"t1s_155\">20 893 </span><span class=\"S3544 SC5 S2\" id=\"t1t_155\">93 577 </span><span class=\"S3545 SC5 S2\" id=\"t1u_155\">1 039 </span><span class=\"S3546 SC4 S2\" id=\"t1v_155\">121 502 </span><span class=\"S3547 SC4 S2\" id=\"t1w_155\">Total </span><span class=\"S3548 SC4 S2\" id=\"t1x_155\">5 992 </span><span class=\"S3549 SC4 S2\" id=\"t1y_155\">20 893 </span><span class=\"S354A SC4 S2\" id=\"t1z_155\">93 577 </span><span class=\"S354B SC4 S2\" id=\"t20_155\">1 039 </span><span class=\"S354C SC4 S2\" id=\"t21_155\">121 502 </span><span class=\"S354D SC5 S2\" id=\"t22_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S354E SC5 S2\" id=\"t23_155\">6 022 </span><span class=\"S354F SC4 S2\" id=\"t24_155\">6 022 </span><span class=\"S3550 SC4 S2\" id=\"t25_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S3551 SC4 S2\" id=\"t26_155\">5 992 </span><span class=\"S3552 SC4 S2\" id=\"t27_155\">20 893 </span><span class=\"S3553 SC4 S2\" id=\"t28_155\">87 555 </span><span class=\"S3554 SC4 S2\" id=\"t29_155\">1 039 </span><span class=\"S3555 SC4 S2\" id=\"t2a_155\">115 479 </span><span class=\"S3556 SC4 S2\" id=\"t2b_155\">2022 </span><span class=\"S3557 SC4 S2\" id=\"t2c_155\">Opening balance 01.01 </span><span class=\"S3558 SC4 S2\" id=\"t2d_155\">0 </span><span class=\"S3559 SC4 S2\" id=\"t2e_155\">218 682 </span><span class=\"S355A SC4 S2\" id=\"t2f_155\">1 094 884 </span><span class=\"S355B SC4 S2\" id=\"t2g_155\">34 505 </span><span class=\"S355C SC4 S2\" id=\"t2h_155\">1 348 072 </span><span class=\"S355D SC5 S2\" id=\"t2i_155\">Companies acquired </span><span class=\"S355E SC5 S2\" id=\"t2j_155\">716 </span><span class=\"S355F SC4 S2\" id=\"t2k_155\">716 </span><span class=\"S3560 SC5 S2\" id=\"t2l_155\">Companies sold </span><span class=\"S3561 SC5 S2\" id=\"t2m_155\">-10 </span><span class=\"S3562 SC4 S2\" id=\"t2n_155\">-10 </span><span class=\"S3563 SC5 S2\" id=\"t2o_155\">Share of this year's pro\ufb01t </span><span class=\"S3564 SC5 S2\" id=\"t2p_155\">20 731 </span><span class=\"S3565 SC5 S2\" id=\"t2q_155\">41 492 </span><span class=\"S3566 SC5 S2\" id=\"t2r_155\">3 156 </span><span class=\"S3567 SC4 S2\" id=\"t2s_155\">65 379 </span><span class=\"S3568 SC5 S2\" id=\"t2t_155\">Dividend distributed </span><span class=\"S3569 SC5 S2\" id=\"t2u_155\">-6 000 </span><span class=\"S356A SC4 S2\" id=\"t2v_155\">-6 000 </span><span class=\"S356B SC5 S2\" id=\"t2w_155\">Currency translation differences * </span><span class=\"S356C SC5 S2\" id=\"t2x_155\">1 917 </span><span class=\"S356D SC5 S2\" id=\"t2y_155\">2 </span><span class=\"S356E SC4 S2\" id=\"t2z_155\">1 919 </span><span class=\"S356F SC5 S2\" id=\"t30_155\">Other changes over equity </span><span class=\"S3570 SC5 S2\" id=\"t31_155\">14 562 </span><span class=\"S3571 SC4 S2\" id=\"t32_155\">14 562 </span><span class=\"S3572 SC4 S2\" id=\"t33_155\">Closing balance as of 31.12 </span><span class=\"S3573 SC4 S2\" id=\"t34_155\">0 </span><span class=\"S3574 SC4 S2\" id=\"t35_155\">233 413 </span><span class=\"S3575 SC4 S2\" id=\"t36_155\">1 152 855 </span><span class=\"S3576 SC4 S2\" id=\"t37_155\">38 369 </span><span class=\"S3577 SC4 S2\" id=\"t38_155\">1 424 638 </span><span class=\"S3578 SC5 S2\" id=\"t39_155\">Acquisition cost </span><span class=\"S3579 SC4 S2\" id=\"t3a_155\">Income from joint ventures and associates </span><span class=\"S357A SC5 S2\" id=\"t3b_155\">Share of this year's pro\ufb01t </span><span class=\"S357B SC5 S2\" id=\"t3c_155\">0 </span><span class=\"S357C SC5 S2\" id=\"t3d_155\">20 731 </span><span class=\"S357D SC5 S2\" id=\"t3e_155\">41 492 </span><span class=\"S357E SC5 S2\" id=\"t3f_155\">3 156 </span><span class=\"S357F SC4 S2\" id=\"t3g_155\">65 379 </span><span class=\"S3580 SC5 S2\" id=\"t3h_155\">Gain from disposal of associate </span><span class=\"S3581 SC5 S2\" id=\"t3i_155\">296 </span><span class=\"S3582 SC4 S2\" id=\"t3j_155\">296 </span><span class=\"S3583 SC4 S2\" id=\"t3k_155\">Total </span><span class=\"S3584 SC4 S2\" id=\"t3l_155\">0 </span><span class=\"S3585 SC4 S2\" id=\"t3m_155\">20 731 </span><span class=\"S3586 SC4 S2\" id=\"t3n_155\">41 492 </span><span class=\"S3587 SC4 S2\" id=\"t3o_155\">3 452 </span><span class=\"S3588 SC4 S2\" id=\"t3p_155\">65 675 </span><span class=\"S3589 SC5 S2\" id=\"t3q_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S358A SC5 S2\" id=\"t3r_155\">11 982 </span><span class=\"S358B SC4 S2\" id=\"t3s_155\">11 982 </span><span class=\"S358C SC4 S2\" id=\"t3t_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S358D SC4 S2\" id=\"t3u_155\">0 </span><span class=\"S358E SC4 S2\" id=\"t3v_155\">20 731 </span><span class=\"S358F SC4 S2\" id=\"t3w_155\">29 510 </span><span class=\"S3590 SC4 S2\" id=\"t3x_155\">3 452 </span><span class=\"S3591 SC4 S2\" id=\"t3y_155\">53 693 </span><span class=\"S3592 SAF1 S2\" id=\"t3z_155\">* Currency translation differences relate to translation for the sub-group Scottish Seafarms, owned by Norskott Havbruk AS, where functional </span><span class=\"S3593 SAF1 S2\" id=\"t40_155\">and reporting currency is GBP. </span><span class=\"S3594 S1C40 S2\" id=\"t41_155\">Carrying value on and income from joint ventures and associated companies </span><span class=\"S3596 SC7 S2\" id=\"t1_156\">Other information on joint ventures and associates considered material to the Group </span><span class=\"S3597 S1C40 S2\" id=\"t2_156\">Information on material transactions </span><span class=\"S2358 SC8 S2\" id=\"t3_156\">It has not been any material transactions with joint ventures or associates in 2022. </span><span class=\"S219C S1C40 S2\" id=\"t4_156\">Information on subsidiaries </span><span class=\"S3598 S1C40 S2\" id=\"t5_156\">Financial information (100%) </span><span class=\"S3599 SC8 S2\" id=\"t6_156\">The accounting \ufb01gures for associates, as shown below, are prepared in accordance with IFRS. </span><span class=\"S359A SC8 S2\" id=\"t7_156\">The \ufb01gures are based on priliminary annual accounts, as the \ufb01nal annual accounts are not submitted. </span><span class=\"S359B SC4 S2\" id=\"t8_156\">Company </span><span class=\"S359C SC4 S2\" id=\"t9_156\">Owner (JV or subsidiary of JV) </span><span class=\"S359D SC4 S2\" id=\"ta_156\">Operating </span><span class=\"S359E SC4 S2\" id=\"tb_156\">segment </span><span class=\"S359F SC4 S2\" id=\"tc_156\">Country </span><span class=\"S35A0 SC4 S2\" id=\"td_156\">Ownership/ </span><span class=\"S35A1 SC4 S2\" id=\"te_156\">voting share </span><span class=\"S35A2 SC4 S2\" id=\"tf_156\">01.01 </span><span class=\"S35A3 SC4 S2\" id=\"tg_156\">Ownership/ </span><span class=\"S35A4 SC4 S2\" id=\"th_156\">voting share </span><span class=\"S35A5 SC4 S2\" id=\"ti_156\">31.12 </span><span class=\"S35A6 SC5 S2\" id=\"tj_156\">Scottish Seafarms Ltd * </span><span class=\"S35A7 SC5 S2\" id=\"tk_156\">Norskott Havbruk AS </span><span class=\"S35A8 SC5 S2\" id=\"tl_156\">Farming </span><span class=\"S35A9 SC5 S2\" id=\"tm_156\">Scotland </span><span class=\"S35AA SC5 S2\" id=\"tn_156\">100 % </span><span class=\"S35AB SC5 S2\" id=\"to_156\">100 % </span><span class=\"S35AC SC5 S2\" id=\"tp_156\">Ettrick Trout Ltd </span><span class=\"S35AD SC5 S2\" id=\"tq_156\">Scottish Seafarms Ltd </span><span class=\"S35AE SC5 S2\" id=\"tr_156\">Farming </span><span class=\"S35AF SC5 S2\" id=\"ts_156\">Scotland </span><span class=\"S35B0 SC5 S2\" id=\"tt_156\">100 % </span><span class=\"S35B1 SC5 S2\" id=\"tu_156\">100 % </span><span class=\"S35B2 SC5 S2\" id=\"tv_156\">Orkney Sea Farms Ltd </span><span class=\"S35B3 SC5 S2\" id=\"tw_156\">Ettrick Trout Ltd </span><span class=\"S35B4 SC5 S2\" id=\"tx_156\">Farming </span><span class=\"S35B5 SC5 S2\" id=\"ty_156\">Scotland </span><span class=\"S35B6 SC5 S2\" id=\"tz_156\">100 % </span><span class=\"S35B7 SC5 S2\" id=\"t10_156\">100 % </span><span class=\"S35B8 SC5 S2\" id=\"t11_156\">SSF Hjaltland </span><span class=\"S35B9 SC5 S2\" id=\"t12_156\">Scottish Seafarms Ltd </span><span class=\"S35BA SC5 S2\" id=\"t13_156\">Farming </span><span class=\"S35BB SC5 S2\" id=\"t14_156\">Scotland </span><span class=\"S35BC SC5 S2\" id=\"t15_156\">100 % </span><span class=\"S35BD SC5 S2\" id=\"t16_156\">100 % </span><span class=\"S35BE SC5 S2\" id=\"t17_156\">SSF Shetland </span><span class=\"S35BF SC5 S2\" id=\"t18_156\">SSF Hjaltland </span><span class=\"S35C0 SC5 S2\" id=\"t19_156\">Farming </span><span class=\"S35C1 SC5 S2\" id=\"t1a_156\">Scotland </span><span class=\"S35C2 SC5 S2\" id=\"t1b_156\">100 % </span><span class=\"S35C3 SC5 S2\" id=\"t1c_156\">100 % </span><span class=\"S35C4 SC5 S2\" id=\"t1d_156\">Isle of Skye Salmon </span><span class=\"S35C5 SC5 S2\" id=\"t1e_156\">SSF Hjaltland </span><span class=\"S35C6 SC5 S2\" id=\"t1f_156\">Farming </span><span class=\"S35C7 SC5 S2\" id=\"t1g_156\">Scotland </span><span class=\"S35C8 SC5 S2\" id=\"t1h_156\">100 % </span><span class=\"S35C9 SC5 S2\" id=\"t1i_156\">100 % </span><span class=\"S35CA SC5 S2\" id=\"t1j_156\">Mowi Star AS </span><span class=\"S35CB SC5 S2\" id=\"t1k_156\">Seistar Holding AS </span><span class=\"S35CC SC5 S2\" id=\"t1l_156\">Farming </span><span class=\"S35CD SC5 S2\" id=\"t1m_156\">Norway </span><span class=\"S35CE SC5 S2\" id=\"t1n_156\">100 % </span><span class=\"S35CF SC5 S2\" id=\"t1o_156\">100 % </span><span class=\"S35D0 SC5 S2\" id=\"t1p_156\">Seiv\u00e5g Shipping AS </span><span class=\"S35D1 SC5 S2\" id=\"t1q_156\">Seistar Holding AS </span><span class=\"S35D2 SC5 S2\" id=\"t1r_156\">Farming </span><span class=\"S35D3 SC5 S2\" id=\"t1s_156\">Norway </span><span class=\"S35D4 SC5 S2\" id=\"t1t_156\">100 % </span><span class=\"S35D5 SC5 S2\" id=\"t1u_156\">100 % </span><span class=\"S35D6 SC5 S2\" id=\"t1v_156\">Seigrunn AS </span><span class=\"S35D7 SC5 S2\" id=\"t1w_156\">Seistar Holding AS </span><span class=\"S35D8 SC5 S2\" id=\"t1x_156\">Farming </span><span class=\"S35D9 SC5 S2\" id=\"t1y_156\">Norway </span><span class=\"S35DA SC5 S2\" id=\"t1z_156\">100 % </span><span class=\"S35DB SC5 S2\" id=\"t20_156\">100 % </span><span class=\"S35DC SAF1 S2\" id=\"t21_156\">* Dormant subsidiaries are not included in this table </span><span class=\"S35DD SC4 S2\" id=\"t22_156\">Seistar Holding AS Group </span><span class=\"S35DE SC4 S2\" id=\"t23_156\">Norskott Havbruk AS Group </span><span class=\"S35DF SC4 S2\" id=\"t24_156\">Consolidated \ufb01gures </span><span class=\"S35E0 SC4 S2\" id=\"t25_156\">2022 </span><span class=\"S35E1 SC4 S2\" id=\"t26_156\">2021 </span><span class=\"S35E2 SC4 S2\" id=\"t27_156\">2022 </span><span class=\"S35E3 SC4 S2\" id=\"t28_156\">2021 </span><span class=\"S35E4 SC5 S2\" id=\"t29_156\">Revenue </span><span class=\"S35E5 SC5 S2\" id=\"t2a_156\">270 553 </span><span class=\"S35E6 SC5 S2\" id=\"t2b_156\">232 438 </span><span class=\"S35E7 SC5 S2\" id=\"t2c_156\">3 187 853 </span><span class=\"S35E8 SC5 S2\" id=\"t2d_156\">2 306 955 </span><span class=\"S35E9 SC5 S2\" id=\"t2e_156\">Other gains (+) and losses (-) </span><span class=\"S35EA SC5 S2\" id=\"t2f_156\">0 </span><span class=\"S35EB SC5 S2\" id=\"t2g_156\">0 </span><span class=\"S35EC SC5 S2\" id=\"t2h_156\">0 </span><span class=\"S35ED SC5 S2\" id=\"t2i_156\">0 </span><span class=\"S35EE SC5 S2\" id=\"t2j_156\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S35EF SC5 S2\" id=\"t2k_156\">53 212 </span><span class=\"S35F0 SC5 S2\" id=\"t2l_156\">50 107 </span><span class=\"S35F1 SC5 S2\" id=\"t2m_156\">214 280 </span><span class=\"S35F2 SC5 S2\" id=\"t2n_156\">244 301 </span><span class=\"S35F3 SC5 S2\" id=\"t2o_156\">Operating pro\ufb01t (EBIT) </span><span class=\"S35F4 SC5 S2\" id=\"t2p_156\">53 212 </span><span class=\"S35F5 SC5 S2\" id=\"t2q_156\">50 107 </span><span class=\"S35F6 SC5 S2\" id=\"t2r_156\">245 003 </span><span class=\"S35F7 SC5 S2\" id=\"t2s_156\">259 743 </span><span class=\"S35F8 SC5 S2\" id=\"t2t_156\">Pre-tax pro\ufb01t </span><span class=\"S35F9 SC5 S2\" id=\"t2u_156\">42 576 </span><span class=\"S35FA SC5 S2\" id=\"t2v_156\">39 705 </span><span class=\"S35FB SC5 S2\" id=\"t2w_156\">165 813 </span><span class=\"S35FC SC5 S2\" id=\"t2x_156\">242 142 </span><span class=\"S35FD SC5 S2\" id=\"t2y_156\">Annual pro\ufb01t </span><span class=\"S35FE SC5 S2\" id=\"t2z_156\">41 786 </span><span class=\"S35FF SC5 S2\" id=\"t30_156\">37 961 </span><span class=\"S3600 SC5 S2\" id=\"t31_156\">82 984 </span><span class=\"S3601 SC5 S2\" id=\"t32_156\">187 154 </span><span class=\"S3602 SC5 S2\" id=\"t33_156\">Other comprehensive income </span><span class=\"S3603 SC5 S2\" id=\"t34_156\">0 </span><span class=\"S3604 SC5 S2\" id=\"t35_156\">0 </span><span class=\"S3605 SC5 S2\" id=\"t36_156\">29 124 </span><span class=\"S3606 SC5 S2\" id=\"t37_156\">26 607 </span><span class=\"S3607 SC5 S2\" id=\"t38_156\">Fixed assets </span><span class=\"S3608 SC5 S2\" id=\"t39_156\">710 797 </span><span class=\"S3609 SC5 S2\" id=\"t3a_156\">738 472 </span><span class=\"S360A SC5 S2\" id=\"t3b_156\">3 403 086 </span><span class=\"S360B SC5 S2\" id=\"t3c_156\">3 275 822 </span><span class=\"S360C SC5 S2\" id=\"t3d_156\">Current assets </span><span class=\"S360D SC5 S2\" id=\"t3e_156\">123 241 </span><span class=\"S360E SC5 S2\" id=\"t3f_156\">88 863 </span><span class=\"S360F SC5 S2\" id=\"t3g_156\">1 823 850 </span><span class=\"S3610 SC5 S2\" id=\"t3h_156\">2 127 087 </span><span class=\"S3611 SC4 S2\" id=\"t3i_156\">Total assets </span><span class=\"S3612 SC4 S2\" id=\"t3j_156\">834 038 </span><span class=\"S3613 SC4 S2\" id=\"t3k_156\">827 335 </span><span class=\"S3614 SC4 S2\" id=\"t3l_156\">5 226 936 </span><span class=\"S3615 SC4 S2\" id=\"t3m_156\">5 402 909 </span><span class=\"S3616 SC5 S2\" id=\"t3n_156\">Long-term debt </span><span class=\"S3617 SC5 S2\" id=\"t3o_156\">366 862 </span><span class=\"S3618 SC5 S2\" id=\"t3p_156\">399 123 </span><span class=\"S3619 SC5 S2\" id=\"t3q_156\">2 080 765 </span><span class=\"S361A SC5 S2\" id=\"t3r_156\">2 414 833 </span><span class=\"S361B SC5 S2\" id=\"t3s_156\">Short-term debt </span><span class=\"S361C SC5 S2\" id=\"t3t_156\">41 363 </span><span class=\"S361D SC5 S2\" id=\"t3u_156\">38 185 </span><span class=\"S361E SC5 S2\" id=\"t3v_156\">840 460 </span><span class=\"S361F SC5 S2\" id=\"t3w_156\">798 309 </span><span class=\"S3620 SC4 S2\" id=\"t3x_156\">Total debt </span><span class=\"S3621 SC4 S2\" id=\"t3y_156\">408 225 </span><span class=\"S3622 SC4 S2\" id=\"t3z_156\">437 308 </span><span class=\"S3623 SC4 S2\" id=\"t40_156\">2 921 225 </span><span class=\"S3624 SC4 S2\" id=\"t41_156\">3 213 142 </span><span class=\"S3625 SC5 S2\" id=\"t42_156\">Net interest-bearing debt </span><span class=\"S3626 SC5 S2\" id=\"t43_156\">267 607 </span><span class=\"S3627 SC5 S2\" id=\"t44_156\">331 129 </span><span class=\"S3628 SC5 S2\" id=\"t45_156\">2 037 486 </span><span class=\"S3629 SC5 S2\" id=\"t46_156\">2 234 320 </span><span class=\"S362A SC4 S2\" id=\"t47_156\">Equity </span><span class=\"S362B SC4 S2\" id=\"t48_156\">425 813 </span><span class=\"S362C SC4 S2\" id=\"t49_156\">390 027 </span><span class=\"S362D SC4 S2\" id=\"t4a_156\">2 305 711 </span><span class=\"S362E SC4 S2\" id=\"t4b_156\">2 189 767 </span><span class=\"S362F S18EC S2\" id=\"t4j_156\">NOTE 10 cont. </span><span class=\"S3503 S18EC S2\" id=\"t4k_156\">Shares in joint ventures, associates and other investments </span><span class=\"S23D7 S1C40 S2\" id=\"t1_157\">Information on biological assets </span><span class=\"S3630 SC8 S2\" id=\"t2_157\">Norskott Havbruk AS (group) has farming operations in Scotland, and therefore has biological assets on the balance </span><span class=\"S21BE SC8 S2\" id=\"t3_157\">sheet. The key \ufb01gures for inventory of \ufb01sh in the sea for Norskott Havbruk AS group are as follows: </span><span class=\"S3632 SC4 S2\" id=\"t5_157\">Information on \ufb01sh in sea and harvested volume in the period, in tonnes </span><span class=\"S3633 SC4 S2\" id=\"t6_157\">2022 </span><span class=\"S3634 SC4 S2\" id=\"t7_157\">2021 </span><span class=\"S3635 SC4 S2\" id=\"t8_157\">Ownership </span><span class=\"S3636 SC4 S2\" id=\"t9_157\">100 % </span><span class=\"S3637 SC4 S2\" id=\"ta_157\">50 % </span><span class=\"S3638 SC4 S2\" id=\"tb_157\">100 % </span><span class=\"S3639 SC4 S2\" id=\"tc_157\">50 % </span><span class=\"S363A SC5 S2\" id=\"td_157\">Total \ufb01sh in sea (LWT) </span><span class=\"S363B SC5 S2\" id=\"te_157\">19 983 </span><span class=\"S363C SC5 S2\" id=\"tf_157\">9 992 </span><span class=\"S363D SC5 S2\" id=\"tg_157\">26 046 </span><span class=\"S363E SC5 S2\" id=\"th_157\">13 023 </span><span class=\"S363F SC5 S2\" id=\"ti_157\">Total harvest volume in the period (GWT) </span><span class=\"S3640 SC5 S2\" id=\"tj_157\">35 936 </span><span class=\"S3641 SC5 S2\" id=\"tk_157\">17 968 </span><span class=\"S3642 SC5 S2\" id=\"tl_157\">32 350 </span><span class=\"S3643 SC5 S2\" id=\"tm_157\">16 175 </span><span class=\"S3644 SC4 S2\" id=\"tn_157\">Fair value adjustment related to biological assets </span><span class=\"S3645 SC4 S2\" id=\"to_157\">in the statement of \ufb01nancial position </span><span class=\"S3646 SC4 S2\" id=\"tp_157\">2022 </span><span class=\"S3647 SC4 S2\" id=\"tq_157\">2021 </span><span class=\"S3648 SC4 S2\" id=\"tr_157\">Ownership </span><span class=\"S3649 SC4 S2\" id=\"ts_157\">100 % </span><span class=\"S364A SC4 S2\" id=\"tt_157\">50 % </span><span class=\"S364B SC4 S2\" id=\"tu_157\">100 % </span><span class=\"S364C SC4 S2\" id=\"tv_157\">50 % </span><span class=\"S364D SC5 S2\" id=\"tw_157\">Fair value adjustment as of 01.01 </span><span class=\"S364E SC5 S2\" id=\"tx_157\">1 934 </span><span class=\"S364F SC5 S2\" id=\"ty_157\">967 </span><span class=\"S3650 SC5 S2\" id=\"tz_157\">-13 509 </span><span class=\"S3651 SC5 S2\" id=\"t10_157\">-6 754 </span><span class=\"S3652 SC5 S2\" id=\"t11_157\">Fair value adjustment through the income statement </span><span class=\"S3653 SC5 S2\" id=\"t12_157\">30 722 </span><span class=\"S3654 SC5 S2\" id=\"t13_157\">15 361 </span><span class=\"S3655 SC5 S2\" id=\"t14_157\">15 443 </span><span class=\"S3656 SC5 S2\" id=\"t15_157\">7 722 </span><span class=\"S3657 SC4 S2\" id=\"t16_157\">Fair value adjustment as of 31.12 </span><span class=\"S3658 SC4 S2\" id=\"t17_157\">32 656 </span><span class=\"S3659 SC4 S2\" id=\"t18_157\">16 328 </span><span class=\"S365A SC4 S2\" id=\"t19_157\">1 934 </span><span class=\"S365B SC4 S2\" id=\"t1a_157\">967 </span><span class=\"S365C SC5 S2\" id=\"t1b_157\">Cost price of \ufb01sh in sea 31.12 </span><span class=\"S365D SC5 S2\" id=\"t1c_157\">1 285 121 </span><span class=\"S365E SC5 S2\" id=\"t1d_157\">642 560 </span><span class=\"S365F SC5 S2\" id=\"t1e_157\">1 309 676 </span><span class=\"S3660 SC5 S2\" id=\"t1f_157\">654 838 </span><span class=\"S3661 SC5 S2\" id=\"t1g_157\">Cost price of roe, fry and smolt 31.12 </span><span class=\"S3662 SC5 S2\" id=\"t1h_157\">128 487 </span><span class=\"S3663 SC5 S2\" id=\"t1i_157\">64 243 </span><span class=\"S3664 SC5 S2\" id=\"t1j_157\">117 163 </span><span class=\"S3665 SC5 S2\" id=\"t1k_157\">58 582 </span><span class=\"S3666 SC4 S2\" id=\"t1l_157\">Carrying value of biological assets 31.12 </span><span class=\"S3667 SC4 S2\" id=\"t1m_157\">1 446 264 </span><span class=\"S3668 SC4 S2\" id=\"t1n_157\">723 132 </span><span class=\"S3669 SC4 S2\" id=\"t1o_157\">1 428 773 </span><span class=\"S366A SC4 S2\" id=\"t1p_157\">714 387 </span><span class=\"S366B SC4 S2\" id=\"t1q_157\">Fair value adjustment related to biological assets in the income statement </span><span class=\"S366C SC4 S2\" id=\"t1r_157\">2022 </span><span class=\"S366D SC4 S2\" id=\"t1s_157\">2021 </span><span class=\"S366E SC4 S2\" id=\"t1t_157\">Ownership </span><span class=\"S366F SC4 S2\" id=\"t1u_157\">100 % </span><span class=\"S3670 SC4 S2\" id=\"t1v_157\">50 % </span><span class=\"S3671 SC4 S2\" id=\"t1w_157\">100 % </span><span class=\"S3672 SC4 S2\" id=\"t1x_157\">50 % </span><span class=\"S3673 SC5 S2\" id=\"t1y_157\">Pro\ufb01t and loss impact before tax </span><span class=\"S3674 SC5 S2\" id=\"t1z_157\">30 722 </span><span class=\"S3675 SC5 S2\" id=\"t20_157\">15 361 </span><span class=\"S3676 SC5 S2\" id=\"t21_157\">15 443 </span><span class=\"S3677 SC5 S2\" id=\"t22_157\">7 722 </span><span class=\"S3678 SC5 S2\" id=\"t23_157\">Tax cost before effect of change in tax rate </span><span class=\"S3679 SC5 S2\" id=\"t24_157\">-6 759 </span><span class=\"S367A SC5 S2\" id=\"t25_157\">-3 379 </span><span class=\"S367B SC5 S2\" id=\"t26_157\">-3 397 </span><span class=\"S367C SC5 S2\" id=\"t27_157\">-1 699 </span><span class=\"S367D SC4 S2\" id=\"t28_157\">Net fair value adjustment, after tax * </span><span class=\"S367E SC4 S2\" id=\"t29_157\">23 963 </span><span class=\"S367F SC4 S2\" id=\"t2a_157\">11 982 </span><span class=\"S3680 SC4 S2\" id=\"t2b_157\">12 046 </span><span class=\"S3681 SC4 S2\" id=\"t2c_157\">6 023 </span><span class=\"S3682 SAF1 S2\" id=\"t2d_157\">* Alternative performance measures (APM), presented as \"pre-tax pro\ufb01t before fair value adjustments related to biological assets\", </span><span class=\"S3683 SAF1 S2\" id=\"t2e_157\">are adjusted with this amount. </span><span class=\"S3684 SC4 S2\" id=\"t2f_157\">Other shares as of 31.12.2022 </span><span class=\"S3685 SC4 S2\" id=\"t2g_157\">Ownership / voting share </span><span class=\"S3686 SC4 S2\" id=\"t2h_157\">Cost price </span><span class=\"S3687 SC4 S2\" id=\"t2i_157\">Fair value </span><span class=\"S3688 SC4 S2\" id=\"t2j_157\">Carrying value </span><span class=\"S3689 SC5 S2\" id=\"t2k_157\">Various minor shareholdings </span><span class=\"S368A SC5 S2\" id=\"t2l_157\">Insigni\ufb01cant </span><span class=\"S368B SC5 S2\" id=\"t2m_157\">16 699 </span><span class=\"S368C SC5 S2\" id=\"t2n_157\">16 699 </span><span class=\"S368D SC5 S2\" id=\"t2o_157\">16 699 </span><span class=\"S368E SC4 S2\" id=\"t2p_157\">Total </span><span class=\"S368F SC4 S2\" id=\"t2q_157\">16 699 </span><span class=\"S3690 SC4 S2\" id=\"t2r_157\">16 699 </span><span class=\"S3691 SC4 S2\" id=\"t2s_157\">16 699 </span><span class=\"S3692 SC5 S2\" id=\"t2t_157\">Considering the immaterial value of the assets, historic cost has been applied as the best estimate for fair value. </span><span class=\"S3188 SC8 S2\" id=\"t1_158\">The Group recognises and measures </span><span class=\"S1B9D SC8 S2\" id=\"t2_158\">biological assets (\ufb01sh in sea) at fair </span><span class=\"S3694 SC8 S2\" id=\"t3_158\">value. For salmon and trout, including </span><span class=\"S1B9F SC8 S2\" id=\"t4_158\">parent \ufb01sh, a present value model is </span><span class=\"S3456 SC8 S2\" id=\"t5_158\">applied to estimate fair value. For </span><span class=\"S3695 SC8 S2\" id=\"t6_158\">roe, fry, smolt and cleaner \ufb01sh, which </span><span class=\"S3696 SC8 S2\" id=\"t7_158\">has a limited value compared with the </span><span class=\"S1FC2 SC8 S2\" id=\"t8_158\">total stock, historical cost provides </span><span class=\"S3697 SC8 S2\" id=\"t9_158\">the best estimate of fair value. </span><span class=\"S3698 SC8 S2\" id=\"ta_158\">The fair value of \ufb01sh in the sea is </span><span class=\"S3699 SC8 S2\" id=\"tb_158\">estimated as a function of the </span><span class=\"S369A SC8 S2\" id=\"tc_158\">estimated biomass at the time of </span><span class=\"S369B SC8 S2\" id=\"td_158\">harvest, multiplied by the estimated </span><span class=\"S369C SC8 S2\" id=\"te_158\">sales price at the same time. For \ufb01sh </span><span class=\"S369D SC8 S2\" id=\"tf_158\">not ready for harvest, a deduction is </span><span class=\"S3192 SC8 S2\" id=\"tg_158\">made to cover estimated residual </span><span class=\"S369E SC8 S2\" id=\"th_158\">costs to grow the \ufb01sh to optimal </span><span class=\"S369F SC8 S2\" id=\"ti_158\">harvest weight. The cash \ufb02ow is </span><span class=\"S36A0 SC8 S2\" id=\"tj_158\">discounted monthly by a discount rate. </span><span class=\"S1FCC SC8 S2\" id=\"tk_158\">Please refer to note (I) on accounting </span><span class=\"S36A1 SC8 S2\" id=\"tl_158\">policies for more detailed </span><span class=\"S36A2 SC8 S2\" id=\"tm_158\">information. </span><span class=\"S2DC8 SC8 S2\" id=\"tn_158\">Fair value adjustment recognised in </span><span class=\"S36A3 SC8 S2\" id=\"to_158\">the period related to biological assets </span><span class=\"S222B SC8 S2\" id=\"tp_158\">comprises: (1) Change in fair value </span><span class=\"S36A4 SC8 S2\" id=\"tq_158\">adjustment of biological assets, (2) </span><span class=\"S36A5 SC8 S2\" id=\"tr_158\">change in fair value of onerous </span><span class=\"S36A6 SC8 S2\" id=\"ts_158\">contracts (loss-making contracts) </span><span class=\"S36A7 SC8 S2\" id=\"tt_158\">and (3) change in unrealised gain/ </span><span class=\"S36A8 SC8 S2\" id=\"tu_158\">loss of \ufb01nancial sale and purchase </span><span class=\"S36A9 SC8 S2\" id=\"tv_158\">contracts (derivatives) for \ufb01sh in </span><span class=\"S36AA SC8 S2\" id=\"tw_158\">Fishpool. The last mentioned </span><span class=\"S36AB SC8 S2\" id=\"tx_158\">adjustment does only include Fish </span><span class=\"S36AC SC8 S2\" id=\"ty_158\">Pool contrants included in the balance </span><span class=\"S36AD SC8 S2\" id=\"tz_158\">sheet at the beginning of the year. </span><span class=\"S36AE SC8 S2\" id=\"t10_158\">For contracts entered into from 2020 </span><span class=\"S1D24 SC8 S2\" id=\"t11_158\">the effective portion of change in fair </span><span class=\"S36AF SC8 S2\" id=\"t12_158\">value are recognized as other </span><span class=\"S30A2 SC8 S2\" id=\"t13_158\">comprehensive income (OCI) due to </span><span class=\"S1D27 SC8 S2\" id=\"t14_158\">cash \ufb02ow hedging. </span><span class=\"S1BE3 SC8 S2\" id=\"t15_158\">The Group enters into contracts </span><span class=\"S36B0 SC8 S2\" id=\"t16_158\">related to future deliveries of salmon </span><span class=\"S36B1 SC8 S2\" id=\"t17_158\">and trout. As biological assets are </span><span class=\"S36B2 SC8 S2\" id=\"t18_158\">recognised at fair value, the fair value </span><span class=\"S36B3 SC8 S2\" id=\"t19_158\">adjustment of the biological assets </span><span class=\"S1E33 SC8 S2\" id=\"t1a_158\">will be included in the estimated </span><span class=\"S22FB SC8 S2\" id=\"t1b_158\">expenses required to ful\ufb01l the </span><span class=\"S36B4 SC8 S2\" id=\"t1c_158\">contract. This implies that the Group </span><span class=\"S36B5 SC8 S2\" id=\"t1d_158\">may experience loss-making </span><span class=\"S36B6 SC8 S2\" id=\"t1e_158\">(onerous) contracts according to IAS 37 </span><span class=\"S36B7 SC8 S2\" id=\"t1f_158\">even if the contract price for physical </span><span class=\"S36B8 SC8 S2\" id=\"t1g_158\">delivery contracts is higher than the </span><span class=\"S36B9 SC8 S2\" id=\"t1h_158\">actual production cost for the products. </span><span class=\"S36BA SC8 S2\" id=\"t1i_158\">In such a scenario, a provision is made </span><span class=\"S36BB SC8 S2\" id=\"t1j_158\">for the estimated negative value. The </span><span class=\"S36BC SC8 S2\" id=\"t1k_158\">provision is classi\ufb01ed in the \ufb01nancial </span><span class=\"S1C12 SC8 S2\" id=\"t1l_158\">statements as other short-term </span><span class=\"S30BB SC8 S2\" id=\"t1m_158\">liabilities. The Group also enters into </span><span class=\"S31C0 SC8 S2\" id=\"t1n_158\">Fish Pool contracts to hedge prices. </span><span class=\"S36BD SC8 S2\" id=\"t1o_158\">The number of such contracts is </span><span class=\"S36BE SC8 S2\" id=\"t1p_158\">limited. When utilised, the Fish Pool </span><span class=\"S1E3E SC8 S2\" id=\"t1q_158\">contracts are recorded as \ufb01nancial </span><span class=\"S30C0 SC8 S2\" id=\"t1r_158\">instruments on the balance sheet </span><span class=\"S36BF SC8 S2\" id=\"t1s_158\">(derivatives), where unrealised gain </span><span class=\"S36C0 SC8 S2\" id=\"t1t_158\">is classi\ufb01ed as other short-term </span><span class=\"S1C1A SC8 S2\" id=\"t1u_158\">receivables and unrealised loss as </span><span class=\"S1CFA SC8 S2\" id=\"t1v_158\">other short-term liabilities. </span><span class=\"S36C1 SC4 S2\" id=\"t1w_158\">Recognised fair value adjustment related to biological assets consist of </span><span class=\"S36C2 SC4 S2\" id=\"t1x_158\">2022 </span><span class=\"S36C3 SC4 S2\" id=\"t1y_158\">2021 </span><span class=\"S36C4 SC5 S2\" id=\"t1z_158\">Change in fair value adjustment of biological assets (\ufb01sh in sea) </span><span class=\"S36C5 SC5 S2\" id=\"t20_158\">1 057 507 </span><span class=\"S36C6 SC5 S2\" id=\"t21_158\">1 131 092 </span><span class=\"S36C7 SC5 S2\" id=\"t22_158\">Change in fair value of onerous contracts </span><span class=\"S36C8 SC5 S2\" id=\"t23_158\">30 659 </span><span class=\"S36C9 SC5 S2\" id=\"t24_158\">-44 226 </span><span class=\"S36CA SC5 S2\" id=\"t25_158\">Change in fair value of Fish Pool contracts </span><span class=\"S36CB SC5 S2\" id=\"t26_158\">0 </span><span class=\"S36CC SC5 S2\" id=\"t27_158\">-1 561 </span><span class=\"S36CD SC4 S2\" id=\"t28_158\">Fair value adjustments related to biological assets </span><span class=\"S36CE SC4 S2\" id=\"t29_158\">1 088 166 </span><span class=\"S36CF SC4 S2\" id=\"t2a_158\">1 085 304 </span><span class=\"S36D0 SAF1 S2\" id=\"t2b_158\">The balance sheet item and accounting line impacted from the different adjustments mentioned above, is speci\ufb01ed below </span><span class=\"S36D1 SC4 S2\" id=\"t2c_158\">Reconciliation of carrying amount of fair value related to biological assets </span><span class=\"S36D2 SC4 S2\" id=\"t2d_158\">2022 </span><span class=\"S36D3 SC4 S2\" id=\"t2e_158\">2021 </span><span class=\"S36D4 SC5 S2\" id=\"t2f_158\">Fair value adjustment of biological assets 01.01 </span><span class=\"S36D5 SC5 S2\" id=\"t2g_158\">1 450 638 </span><span class=\"S36D6 SC5 S2\" id=\"t2h_158\">319 546 </span><span class=\"S36D7 SC5 S2\" id=\"t2i_158\">Change in fair value adjustment on \ufb01sh in sea </span><span class=\"S36D8 SC5 S2\" id=\"t2j_158\">1 057 507 </span><span class=\"S36D9 SC5 S2\" id=\"t2k_158\">1 131 092 </span><span class=\"S36DA SC4 S2\" id=\"t2l_158\">Fair value adjustment of biological assets 31.12 </span><span class=\"S36DB SC4 S2\" id=\"t2m_158\">2 508 145 </span><span class=\"S36DC SC4 S2\" id=\"t2n_158\">1 450 638 </span><span class=\"S36DD SAF1 S2\" id=\"t2o_158\">The balance sheet item is included in biological assets. The accounting line is further speci\ufb01ed below </span><span class=\"S36DE SC4 S2\" id=\"t2p_158\">Reconciliation of carrying amount of onerous contracts </span><span class=\"S36DF SC4 S2\" id=\"t2q_158\">2022 </span><span class=\"S36E0 SC4 S2\" id=\"t2r_158\">2021 </span><span class=\"S36E1 SC5 S2\" id=\"t2s_158\">Carrying amount of onerous contracts 01.01 </span><span class=\"S36E2 SC5 S2\" id=\"t2t_158\">-44 259 </span><span class=\"S36E3 SC5 S2\" id=\"t2u_158\">-32 </span><span class=\"S36E4 SC5 S2\" id=\"t2v_158\">Change in fair value of onerous contracts </span><span class=\"S36E5 SC5 S2\" id=\"t2w_158\">30 659 </span><span class=\"S36E6 SC5 S2\" id=\"t2x_158\">-44 226 </span><span class=\"S36E7 SC4 S2\" id=\"t2y_158\">Carrying amount of onerous contracts 31.12 </span><span class=\"S36E8 SC4 S2\" id=\"t2z_158\">-13 600 </span><span class=\"S36E9 SC4 S2\" id=\"t30_158\">-44 259 </span><span class=\"S36EA SC5 S2\" id=\"t31_158\">The balance sheet item is included in other short-term liabilities </span><span class=\"S36EB SC4 S2\" id=\"t32_158\">Reconciliation of carrying amount of Fish Pool contracts </span><span class=\"S36EC SC4 S2\" id=\"t33_158\">2022 </span><span class=\"S36ED SC4 S2\" id=\"t34_158\">2021 </span><span class=\"S36EE SC5 S2\" id=\"t35_158\">Fish Pool contracts 01.01 </span><span class=\"S36EF SC5 S2\" id=\"t36_158\">1 836 </span><span class=\"S36F0 SC5 S2\" id=\"t37_158\">0 </span><span class=\"S36F1 SC5 S2\" id=\"t38_158\">Change in fair value of Fish Pool contracts included pro\ufb01t and loss </span><span class=\"S36F2 SC5 S2\" id=\"t39_158\">0 </span><span class=\"S36F3 SC5 S2\" id=\"t3a_158\">-1 561 </span><span class=\"S36F4 SC5 S2\" id=\"t3b_158\">Change in fair value of Fish Pool contracts - recognised in OCI </span><span class=\"S36F5 SC5 S2\" id=\"t3c_158\">-1 836 </span><span class=\"S36F6 SC5 S2\" id=\"t3d_158\">3 397 </span><span class=\"S36F7 SC4 S2\" id=\"t3e_158\">Fish Pool contracts 31.12 </span><span class=\"S36F8 SC4 S2\" id=\"t3f_158\">0 </span><span class=\"S36F9 SC4 S2\" id=\"t3g_158\">1 836 </span><span class=\"S36FA SC5 S2\" id=\"t3h_158\">Fish Pool contracts are \ufb01nancial instruments. Fair value of Fish Pool contracts recognised in OCI are presented in note on \ufb01nancial </span><span class=\"S36FB SC5 S2\" id=\"t3i_158\">instruments </span><span class=\"S36FE SC4 S2\" id=\"t1_159\">Carrying amount of biological assets consist of </span><span class=\"S18F0 SC4 S2\" id=\"t2_159\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_159\">2021 </span><span class=\"S36FF SC5 S2\" id=\"t4_159\">Fish in sea at historical cost * </span><span class=\"S3700 SC5 S2\" id=\"t5_159\">4 632 941 </span><span class=\"S3701 SC5 S2\" id=\"t6_159\">4 118 913 </span><span class=\"S3702 SC5 S2\" id=\"t7_159\">Roe, fry, smolt and cleaner \ufb01sh at cost * </span><span class=\"S3703 SC5 S2\" id=\"t8_159\">476 507 </span><span class=\"S3704 SC5 S2\" id=\"t9_159\">385 542 </span><span class=\"S3705 SC4 S2\" id=\"ta_159\">Total biological assets before fair value adjustment </span><span class=\"S3706 SC4 S2\" id=\"tb_159\">5 109 448 </span><span class=\"S3707 SC4 S2\" id=\"tc_159\">4 504 454 </span><span class=\"S3708 SC5 S2\" id=\"td_159\">Fair value adjustment of biological assets (\ufb01sh in sea) </span><span class=\"S3709 SC5 S2\" id=\"te_159\">2 508 145 </span><span class=\"S370A SC5 S2\" id=\"tf_159\">1 450 638 </span><span class=\"S370B SC4 S2\" id=\"tg_159\">Total biological assets 31.12 </span><span class=\"S370C SC4 S2\" id=\"th_159\">7 617 593 </span><span class=\"S370D SC4 S2\" id=\"ti_159\">5 955 092 </span><span class=\"S370E SC5 S2\" id=\"tj_159\">Fish in sea at fair value </span><span class=\"S370F SC5 S2\" id=\"tk_159\">7 141 086 </span><span class=\"S3710 SC5 S2\" id=\"tl_159\">5 569 550 </span><span class=\"S3711 SC5 S2\" id=\"tm_159\">Roe, fry, smolt and cleaner \ufb01sh at fair value </span><span class=\"S3712 SC5 S2\" id=\"tn_159\">476 507 </span><span class=\"S3713 SC5 S2\" id=\"to_159\">385 542 </span><span class=\"S3714 SC4 S2\" id=\"tp_159\">Total biological assets 31.12 </span><span class=\"S3715 SC4 S2\" id=\"tq_159\">7 617 593 </span><span class=\"S3716 SC4 S2\" id=\"tr_159\">5 955 092 </span><span class=\"S3717 SAF1 S2\" id=\"ts_159\">* Historical cost minus expensed mortality </span><span class=\"S3718 SC4 S2\" id=\"tt_159\">Reconciliation of volume for stock of \ufb01sh in sea in LWT (live weight in tonnes) </span><span class=\"S3719 SC4 S2\" id=\"tu_159\">2022 </span><span class=\"S371A SC4 S2\" id=\"tv_159\">2021 </span><span class=\"S371B SC4 S2\" id=\"tw_159\">Live weight of \ufb01sh in sea at 01.01 </span><span class=\"S371C SC4 S2\" id=\"tx_159\">107 242 </span><span class=\"S371D SC4 S2\" id=\"ty_159\">119 407 </span><span class=\"S371E SC4 S2\" id=\"tz_159\">Changes through the year </span><span class=\"S371F SC5 S2\" id=\"t10_159\">Increase from biological transformation (released and net growth) </span><span class=\"S3720 SC5 S2\" id=\"t11_159\">206 684 </span><span class=\"S3721 SC5 S2\" id=\"t12_159\">215 747 </span><span class=\"S3722 SC5 S2\" id=\"t13_159\">Increase from business combination (acquisition) </span><span class=\"S3723 SC5 S2\" id=\"t14_159\">0 </span><span class=\"S3724 SC5 S2\" id=\"t15_159\">0 </span><span class=\"S3725 SC5 S2\" id=\"t16_159\">Reduction due to harvesting </span><span class=\"S3726 SC5 S2\" id=\"t17_159\">-204 369 </span><span class=\"S3727 SC5 S2\" id=\"t18_159\">-218 153 </span><span class=\"S3728 SC5 S2\" id=\"t19_159\">Reduction due to incident-based mortality </span><span class=\"S3729 SC5 S2\" id=\"t1a_159\">-11 630 </span><span class=\"S372A SC5 S2\" id=\"t1b_159\">-9 760 </span><span class=\"S372B SC5 S2\" id=\"t1c_159\">Reduction due to accidental release </span><span class=\"S372C SC5 S2\" id=\"t1d_159\">-3 </span><span class=\"S372D SC5 S2\" id=\"t1e_159\">0 </span><span class=\"S372E SC4 S2\" id=\"t1f_159\">Live weight of \ufb01sh in sea at 31.12 </span><span class=\"S372F SC4 S2\" id=\"t1g_159\">97 923 </span><span class=\"S3730 SC4 S2\" id=\"t1h_159\">107 242 </span><span class=\"S3731 SC4 S2\" id=\"t1i_159\">Reconciliation of carrying amount of biological assets </span><span class=\"S3732 SC4 S2\" id=\"t1j_159\">Roe, fry, </span><span class=\"S3733 SC4 S2\" id=\"t1k_159\">smolt and </span><span class=\"S3734 SC4 S2\" id=\"t1l_159\">cleaner \ufb01sh* </span><span class=\"S3735 SC4 S2\" id=\"t1m_159\">Fish in sea </span><span class=\"S3736 SC4 S2\" id=\"t1n_159\">(salmon and </span><span class=\"S3737 SC4 S2\" id=\"t1o_159\">trout)* </span><span class=\"S3738 SC4 S2\" id=\"t1p_159\">Fair value </span><span class=\"S3739 SC4 S2\" id=\"t1q_159\">adjustment </span><span class=\"S373A SC4 S2\" id=\"t1r_159\">Total </span><span class=\"S373B SC4 S2\" id=\"t1s_159\">biological </span><span class=\"S373C SC4 S2\" id=\"t1t_159\">assets </span><span class=\"S373D SC4 S2\" id=\"t1u_159\">Biological assets 01.01.2021 </span><span class=\"S373E SC4 S2\" id=\"t1v_159\">362 065 </span><span class=\"S373F SC4 S2\" id=\"t1w_159\">4 231 901 </span><span class=\"S3740 SC4 S2\" id=\"t1x_159\">319 546 </span><span class=\"S3741 SC4 S2\" id=\"t1y_159\">4 913 512 </span><span class=\"S3742 SC4 S2\" id=\"t1z_159\">Changes in 2021 </span><span class=\"S3743 SC5 S2\" id=\"t20_159\">Increase from biological transformation (released and net growth) </span><span class=\"S3744 SC5 S2\" id=\"t21_159\">1 120 472 </span><span class=\"S3745 SC5 S2\" id=\"t22_159\">7 270 347 </span><span class=\"S3746 SC5 S2\" id=\"t23_159\">8 390 819 </span><span class=\"S3747 SC5 S2\" id=\"t24_159\">Increase from business combination (acquisition) </span><span class=\"S3748 SC5 S2\" id=\"t25_159\">0 </span><span class=\"S3749 SC5 S2\" id=\"t26_159\">Reduction due to sale and internal use (smolt and cleaner \ufb01sh) </span><span class=\"S374A SC5 S2\" id=\"t27_159\">-1 096 995 </span><span class=\"S374B SC5 S2\" id=\"t28_159\">-1 096 995 </span><span class=\"S374C SC5 S2\" id=\"t29_159\">Reduction due to harvest (salmon and trout) </span><span class=\"S374D SC5 S2\" id=\"t2a_159\">-7 208 145 </span><span class=\"S374E SC5 S2\" id=\"t2b_159\">-7 208 145 </span><span class=\"S374F SC5 S2\" id=\"t2c_159\">Reduction due to incident-based mortality </span><span class=\"S3750 SC5 S2\" id=\"t2d_159\">-175 191 </span><span class=\"S3751 SC5 S2\" id=\"t2e_159\">-175 191 </span><span class=\"S3752 SC5 S2\" id=\"t2f_159\">Reduction due to accidental release </span><span class=\"S3753 SC5 S2\" id=\"t2g_159\">0 </span><span class=\"S3754 SC5 S2\" id=\"t2h_159\">0 </span><span class=\"S3755 SC5 S2\" id=\"t2i_159\">Net change in fair value (\ufb01sh in sea) </span><span class=\"S3756 SC5 S2\" id=\"t2j_159\">1 131 092 </span><span class=\"S3757 SC5 S2\" id=\"t2k_159\">1 131 092 </span><span class=\"S3758 SC4 S2\" id=\"t2l_159\">Biological assets 31.12.2021 </span><span class=\"S3759 SC4 S2\" id=\"t2m_159\">385 542 </span><span class=\"S375A SC4 S2\" id=\"t2n_159\">4 118 913 </span><span class=\"S375B SC4 S2\" id=\"t2o_159\">1 450 638 </span><span class=\"S375C SC4 S2\" id=\"t2p_159\">5 955 092 </span><span class=\"S375D SC4 S2\" id=\"t2q_159\">Changes in 2022 </span><span class=\"S375E SC5 S2\" id=\"t2r_159\">Increase from biological transformation (released and net growth) </span><span class=\"S375F SC5 S2\" id=\"t2s_159\">1 300 597 </span><span class=\"S3760 SC5 S2\" id=\"t2t_159\">8 186 224 </span><span class=\"S3761 SC5 S2\" id=\"t2u_159\">9 486 821 </span><span class=\"S3762 SC5 S2\" id=\"t2v_159\">Increase from business combination (acquisition) </span><span class=\"S3763 SC5 S2\" id=\"t2w_159\">0 </span><span class=\"S3764 SC5 S2\" id=\"t2x_159\">Reduction due to sale and internal use (smolt and cleaner \ufb01sh) </span><span class=\"S3765 SC5 S2\" id=\"t2y_159\">-1 191 882 </span><span class=\"S3766 SC5 S2\" id=\"t2z_159\">-1 191 882 </span><span class=\"S3767 SC5 S2\" id=\"t30_159\">Reduction due to harvest (salmon and trout) </span><span class=\"S3768 SC5 S2\" id=\"t31_159\">-7 324 780 </span><span class=\"S3769 SC5 S2\" id=\"t32_159\">-7 324 780 </span><span class=\"S376A SC5 S2\" id=\"t33_159\">Reduction due to incident-based mortality </span><span class=\"S376B SC5 S2\" id=\"t34_159\">-17 750 </span><span class=\"S376C SC5 S2\" id=\"t35_159\">-347 260 </span><span class=\"S376D SC5 S2\" id=\"t36_159\">-365 011 </span><span class=\"S376E SC5 S2\" id=\"t37_159\">Reduction due to accidental release </span><span class=\"S376F SC5 S2\" id=\"t38_159\">-156 </span><span class=\"S3770 SC5 S2\" id=\"t39_159\">-156 </span><span class=\"S3771 SC5 S2\" id=\"t3a_159\">Net change in fair value (\ufb01sh in sea) </span><span class=\"S3772 SC5 S2\" id=\"t3b_159\">1 057 509 </span><span class=\"S3773 SC5 S2\" id=\"t3c_159\">1 057 509 </span><span class=\"S3774 SC4 S2\" id=\"t3d_159\">Biological assets 31.12.2022 </span><span class=\"S3775 SC4 S2\" id=\"t3e_159\">476 507 </span><span class=\"S3776 SC4 S2\" id=\"t3f_159\">4 632 940 </span><span class=\"S3777 SC4 S2\" id=\"t3g_159\">2 508 146 </span><span class=\"S3778 SC4 S2\" id=\"t3h_159\">7 617 593 </span><span class=\"S3779 SAF1 S2\" id=\"t3i_159\">* Carrying amount before fair value adjustment (historical cost minus charged mortality) </span><span class=\"S377B SC4 S2\" id=\"t1_160\">Harvest volume in GWT (slaughter weight in tonnes) </span><span class=\"S194B SC4 S2\" id=\"t2_160\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_160\">2021 </span><span class=\"S377C SC5 S2\" id=\"t4_160\">Salmon </span><span class=\"S377D SC5 S2\" id=\"t5_160\">151 942 </span><span class=\"S377E SC5 S2\" id=\"t6_160\">161 542 </span><span class=\"S377F SC5 S2\" id=\"t7_160\">Trout </span><span class=\"S3780 SC5 S2\" id=\"t8_160\">22 687 </span><span class=\"S3781 SC5 S2\" id=\"t9_160\">25 093 </span><span class=\"S3782 SC4 S2\" id=\"ta_160\">Total volume </span><span class=\"S3783 SC4 S2\" id=\"tb_160\">174 629 </span><span class=\"S3784 SC4 S2\" id=\"tc_160\">186 635 </span><span class=\"S3785 SAF1 S2\" id=\"td_160\">The table below shows how the total volume for \ufb01sh in the sea, live weight measured in tonnes, is distributed by weight </span><span class=\"S3786 SC4 S2\" id=\"te_160\">Groups of biological assets (LWT) </span><span class=\"S3787 SC4 S2\" id=\"tf_160\">2022 </span><span class=\"S3788 SC4 S2\" id=\"tg_160\">2021 </span><span class=\"S3789 SC4 S2\" id=\"th_160\">Distribution by live weight </span><span class=\"S378A SC5 S2\" id=\"ti_160\">Fish in sea, 0-1 kg </span><span class=\"S378B SC5 S2\" id=\"tj_160\">10 690 </span><span class=\"S378C SC5 S2\" id=\"tk_160\">8 595 </span><span class=\"S378D SC5 S2\" id=\"tl_160\">Fish in sea, 1-2 kg </span><span class=\"S378E SC5 S2\" id=\"tm_160\">17 707 </span><span class=\"S378F SC5 S2\" id=\"tn_160\">20 262 </span><span class=\"S3790 SC5 S2\" id=\"to_160\">Fish in sea, 2-3 kg </span><span class=\"S3791 SC5 S2\" id=\"tp_160\">20 597 </span><span class=\"S3792 SC5 S2\" id=\"tq_160\">26 084 </span><span class=\"S3793 SC5 S2\" id=\"tr_160\">Fish in sea, 3-4 kg </span><span class=\"S3794 SC5 S2\" id=\"ts_160\">35 865 </span><span class=\"S3795 SC5 S2\" id=\"tt_160\">30 526 </span><span class=\"S3796 SC5 S2\" id=\"tu_160\">Fish in sea, 4-4.65 kg for salmon / 4-4.8 kg for trout </span><span class=\"S3797 SC5 S2\" id=\"tv_160\">12 680 </span><span class=\"S3798 SC5 S2\" id=\"tw_160\">17 399 </span><span class=\"S3799 SC5 S2\" id=\"tx_160\">Fish in sea, more than 4.65 kg for salmon / more than 4.8 kg for trout (\ufb01sh ready for harvest) </span><span class=\"S379A SC5 S2\" id=\"ty_160\">384 </span><span class=\"S379B SC5 S2\" id=\"tz_160\">4 376 </span><span class=\"S379C SC4 S2\" id=\"t10_160\">Fish in sea, total salmon and trout </span><span class=\"S379D SC4 S2\" id=\"t11_160\">97 923 </span><span class=\"S379E SC4 S2\" id=\"t12_160\">107 242 </span><span class=\"S379F SC4 S2\" id=\"t13_160\">Distribution according to type of \ufb01sh </span><span class=\"S37A0 SC4 S2\" id=\"t14_160\">Fish ready for harvest </span><span class=\"S37A1 SC4 S2\" id=\"t15_160\">384 </span><span class=\"S37A2 SC4 S2\" id=\"t16_160\">4 376 </span><span class=\"S37A3 SC5 S2\" id=\"t17_160\">- Salmon (live weight &gt; 4.65 kg) </span><span class=\"S37A4 SC5 S2\" id=\"t18_160\">384 </span><span class=\"S37A5 SC5 S2\" id=\"t19_160\">3 789 </span><span class=\"S37A6 SC5 S2\" id=\"t1a_160\">- Trout (live weight &gt; 4.8 kg) </span><span class=\"S37A7 SC5 S2\" id=\"t1b_160\">0 </span><span class=\"S37A8 SC5 S2\" id=\"t1c_160\">587 </span><span class=\"S37A9 SC4 S2\" id=\"t1d_160\">Fish not ready for harvest (\ufb01sh with live weight &lt; 4.8 kg) </span><span class=\"S37AA SC4 S2\" id=\"t1e_160\">97 539 </span><span class=\"S37AB SC4 S2\" id=\"t1f_160\">102 866 </span><span class=\"S37AC SC5 S2\" id=\"t1g_160\">- Salmon </span><span class=\"S37AD SC5 S2\" id=\"t1h_160\">(live weight &lt; 4.65 kg) </span><span class=\"S37AE SC5 S2\" id=\"t1i_160\">85 007 </span><span class=\"S37AF SC5 S2\" id=\"t1j_160\">89 754 </span><span class=\"S37B0 SC5 S2\" id=\"t1k_160\">- Trout (live weight &lt; 4.8 kg) </span><span class=\"S37B1 SC5 S2\" id=\"t1l_160\">12 532 </span><span class=\"S37B2 SC5 S2\" id=\"t1m_160\">13 112 </span><span class=\"S37B3 SC4 S2\" id=\"t1n_160\">Total volum of \ufb01sh in sea (LWT) </span><span class=\"S37B4 SC4 S2\" id=\"t1o_160\">97 923 </span><span class=\"S37B5 SC4 S2\" id=\"t1p_160\">107 242 </span><span class=\"S37B6 SC5 S2\" id=\"t1q_160\">- Salmon </span><span class=\"S37B7 SC5 S2\" id=\"t1r_160\">85 391 </span><span class=\"S37B8 SC5 S2\" id=\"t1s_160\">93 543 </span><span class=\"S37B9 SC5 S2\" id=\"t1t_160\">- Trout </span><span class=\"S37BA SC5 S2\" id=\"t1u_160\">12 532 </span><span class=\"S37BB SC5 S2\" id=\"t1v_160\">13 699 </span><span class=\"S37BC SC4 S2\" id=\"t1w_160\">Number of individuals </span><span class=\"S37BD SC5 S2\" id=\"t1x_160\">Number of individuals, all groups (in 1,000) </span><span class=\"S37BE SC5 S2\" id=\"t1y_160\">53 951 </span><span class=\"S37BF SC5 S2\" id=\"t1z_160\">53 262 </span><span class=\"S37C0 SC4 S2\" id=\"t20_160\">2021 - Estimated future price during expected harvesting period </span><span class=\"S37C1 SC4 S2\" id=\"t21_160\">Forward price * </span><span class=\"S37C2 SC4 S2\" id=\"t22_160\">Exporter fee </span><span class=\"S37C3 SC4 S2\" id=\"t23_160\">Clearing cost </span><span class=\"S37C4 SC4 S2\" id=\"t24_160\">Net forward </span><span class=\"S37C5 SC4 S2\" id=\"t25_160\">price </span><span class=\"S37C6 SC5 S2\" id=\"t26_160\">Q1 2022 </span><span class=\"S37C7 SC5 S2\" id=\"t27_160\">67.73 </span><span class=\"S37C8 SC5 S2\" id=\"t28_160\">-0.75 </span><span class=\"S37C9 SC5 S2\" id=\"t29_160\">-0.185 </span><span class=\"S37CA SC5 S2\" id=\"t2a_160\">66.80 </span><span class=\"S37CB SC5 S2\" id=\"t2b_160\">Q2 2022 </span><span class=\"S37CC SC5 S2\" id=\"t2c_160\">67.30 </span><span class=\"S37CD SC5 S2\" id=\"t2d_160\">-0.75 </span><span class=\"S37CE SC5 S2\" id=\"t2e_160\">-0.185 </span><span class=\"S37CF SC5 S2\" id=\"t2f_160\">66.37 </span><span class=\"S37D0 SC5 S2\" id=\"t2g_160\">Q3 2022 </span><span class=\"S37D1 SC5 S2\" id=\"t2h_160\">55.50 </span><span class=\"S37D2 SC5 S2\" id=\"t2i_160\">-0.75 </span><span class=\"S37D3 SC5 S2\" id=\"t2j_160\">-0.185 </span><span class=\"S37D4 SC5 S2\" id=\"t2k_160\">54.57 </span><span class=\"S37D5 SC5 S2\" id=\"t2l_160\">Q4 2022 </span><span class=\"S37D6 SC5 S2\" id=\"t2m_160\">61.33 </span><span class=\"S37D7 SC5 S2\" id=\"t2n_160\">-0.75 </span><span class=\"S37D8 SC5 S2\" id=\"t2o_160\">-0.185 </span><span class=\"S37D9 SC5 S2\" id=\"t2p_160\">60.40 </span><span class=\"S37DA SC5 S2\" id=\"t2q_160\">Q1 2023 </span><span class=\"S37DB SC5 S2\" id=\"t2r_160\">64.07 </span><span class=\"S37DC SC5 S2\" id=\"t2s_160\">-0.75 </span><span class=\"S37DD SC5 S2\" id=\"t2t_160\">-0.185 </span><span class=\"S37DE SC5 S2\" id=\"t2u_160\">63.14 </span><span class=\"S37DF SC5 S2\" id=\"t2v_160\">Q2 2023 </span><span class=\"S37E0 SC5 S2\" id=\"t2w_160\">64.57 </span><span class=\"S37E1 SC5 S2\" id=\"t2x_160\">-0.75 </span><span class=\"S37E2 SC5 S2\" id=\"t2y_160\">-0.185 </span><span class=\"S37E3 SC5 S2\" id=\"t2z_160\">63.64 </span><span class=\"S37E4 SC4 S2\" id=\"t30_160\">2022 - Estimated future price during expected harvesting period </span><span class=\"S37E5 SC4 S2\" id=\"t31_160\">Forward price * </span><span class=\"S37E6 SC4 S2\" id=\"t32_160\">Exporter fee </span><span class=\"S37E7 SC4 S2\" id=\"t33_160\">Clearing cost </span><span class=\"S37E8 SC4 S2\" id=\"t34_160\">Net forward </span><span class=\"S37E9 SC4 S2\" id=\"t35_160\">price </span><span class=\"S37EA SC5 S2\" id=\"t36_160\">Q1 2023 </span><span class=\"S37EB SC5 S2\" id=\"t37_160\">91.75 </span><span class=\"S37EC SC5 S2\" id=\"t38_160\">-0.75 </span><span class=\"S37ED SC5 S2\" id=\"t39_160\">-0.34 </span><span class=\"S37EE SC5 S2\" id=\"t3a_160\">90.66 </span><span class=\"S37EF SC5 S2\" id=\"t3b_160\">Q2 2023 </span><span class=\"S37F0 SC5 S2\" id=\"t3c_160\">95.55 </span><span class=\"S37F1 SC5 S2\" id=\"t3d_160\">-0.75 </span><span class=\"S37F2 SC5 S2\" id=\"t3e_160\">-0.34 </span><span class=\"S37F3 SC5 S2\" id=\"t3f_160\">94.46 </span><span class=\"S37F4 SC5 S2\" id=\"t3g_160\">Q3 2023 </span><span class=\"S37F5 SC5 S2\" id=\"t3h_160\">76.48 </span><span class=\"S37F6 SC5 S2\" id=\"t3i_160\">-0.75 </span><span class=\"S37F7 SC5 S2\" id=\"t3j_160\">-0.34 </span><span class=\"S37F8 SC5 S2\" id=\"t3k_160\">75.39 </span><span class=\"S37F9 SC5 S2\" id=\"t3l_160\">Q4 2023 </span><span class=\"S37FA SC5 S2\" id=\"t3m_160\">78.22 </span><span class=\"S37FB SC5 S2\" id=\"t3n_160\">-0.75 </span><span class=\"S37FC SC5 S2\" id=\"t3o_160\">-0.34 </span><span class=\"S37FD SC5 S2\" id=\"t3p_160\">77.13 </span><span class=\"S37FE SC5 S2\" id=\"t3q_160\">Q1 2024 </span><span class=\"S37FF SC5 S2\" id=\"t3r_160\">84.33 </span><span class=\"S3800 SC5 S2\" id=\"t3s_160\">-0.75 </span><span class=\"S3801 SC5 S2\" id=\"t3t_160\">-0.34 </span><span class=\"S3802 SC5 S2\" id=\"t3u_160\">83.24 </span><span class=\"S3803 SC5 S2\" id=\"t3v_160\">Q2 2024 </span><span class=\"S3804 SC5 S2\" id=\"t3w_160\">87.50 </span><span class=\"S3805 SC5 S2\" id=\"t3x_160\">-0.75 </span><span class=\"S3806 SC5 S2\" id=\"t3y_160\">-0.34 </span><span class=\"S3807 SC5 S2\" id=\"t3z_160\">86.41 </span><span class=\"S3808 SAF1 S2\" id=\"t40_160\">* Quarterly forward price based on monthly forward prices sourced from Fish Pool at balance sheet date. </span><span class=\"S3809 SC7 S2\" id=\"t41_160\">Parameters applied for calculation of fair value </span><span class=\"S380A S1C40 S2\" id=\"t42_160\">Price parameters </span><span class=\"S1C3E S18EC S2\" id=\"t4a_160\">NOTE 11 cont. </span><span class=\"S36FD S18EC S2\" id=\"t4b_160\">Biological assets </span><span class=\"S380B SC8 S2\" id=\"t1_161\">Deductions are also made for well </span><span class=\"S380C SC8 S2\" id=\"t2_161\">boat services, slaughtering and </span><span class=\"S380D SC8 S2\" id=\"t3_161\">packaging (primary processing), and </span><span class=\"S380E SC8 S2\" id=\"t4_161\">transport to Oslo from the locality </span><span class=\"S380F SC8 S2\" id=\"t5_161\">being measured. </span><span class=\"S3810 SC8 S2\" id=\"t6_161\">Based on the above parameters, an </span><span class=\"S3811 SC8 S2\" id=\"t7_161\">estimated net price is calculated for </span><span class=\"S3812 SC8 S2\" id=\"t8_161\">each locality, and is then included in </span><span class=\"S3813 SC8 S2\" id=\"t9_161\">the cash \ufb02ow calculation in relation </span><span class=\"S3814 SC8 S2\" id=\"ta_161\">to the assessment of fair value. In </span><span class=\"S3815 SC8 S2\" id=\"tb_161\">connection with the sensitivity analysis </span><span class=\"S3816 SC8 S2\" id=\"tc_161\">conducted in the note on signi\ufb01cant </span><span class=\"S3817 SC8 S2\" id=\"td_161\">accounting estimates and </span><span class=\"S3818 SC8 S2\" id=\"te_161\">assessments, an estimated average </span><span class=\"S3819 SC8 S2\" id=\"tf_161\">net price is applied to all sizes. This is </span><span class=\"S381A SC8 S2\" id=\"tg_161\">calculated by dividing the total </span><span class=\"S381B SC8 S2\" id=\"th_161\">estimated net sales revenue per </span><span class=\"S381C SC8 S2\" id=\"ti_161\">locality by the total estimated </span><span class=\"S3009 SC8 S2\" id=\"tj_161\">volume (measured as slaughter </span><span class=\"S381D SC8 S2\" id=\"tk_161\">weight), based on projected weight </span><span class=\"S381E SC8 S2\" id=\"tl_161\">on the the date of harvest. </span><span class=\"S381F SC7 S2\" id=\"tm_161\">Description of signi\ufb01cant cost items </span><span class=\"S3820 SC7 S2\" id=\"tn_161\">originating from an incident, disease or </span><span class=\"S3821 SC7 S2\" id=\"to_161\">other factor related to biological assets </span><span class=\"S3822 S1C40 S2\" id=\"tp_161\">Accidental release in 2022 </span><span class=\"S3823 SC8 S2\" id=\"tq_161\">For the Group, all accidental release </span><span class=\"S3824 SC8 S2\" id=\"tr_161\">is taken seriously, and the Group\u2019s </span><span class=\"S3825 SC8 S2\" id=\"ts_161\">target is zero accidental release. </span><span class=\"S1C64 SC8 S2\" id=\"tt_161\">Accidental release may however occur </span><span class=\"S3826 SC8 S2\" id=\"tu_161\">randomly due to unforeseen incidents. </span><span class=\"S3827 SC8 S2\" id=\"tv_161\">All accidental releases are reported to </span><span class=\"S3828 SC8 S2\" id=\"tw_161\">the Directorate of Fisheries, irrespective </span><span class=\"S3829 SC8 S2\" id=\"tx_161\">of the scope of the accident. This </span><span class=\"S382A SC8 S2\" id=\"ty_161\">applies even if only one individual </span><span class=\"S382B SC8 S2\" id=\"tz_161\">has escaped. The Group has not </span><span class=\"S382C SC8 S2\" id=\"t10_161\">experienced any accidental release </span><span class=\"S382D SC8 S2\" id=\"t11_161\">of economic signi\ufb01cance in 2022. The </span><span class=\"S382E SC8 S2\" id=\"t12_161\">Group had 1 escape incident at Ler\u00f8y </span><span class=\"S382F SC8 S2\" id=\"t13_161\">Sj\u00f8troll where 1,560 \ufb01sh escaped, and </span><span class=\"S1C70 SC8 S2\" id=\"t14_161\">4 incidents in connections with lice </span><span class=\"S3830 SC8 S2\" id=\"t15_161\">counting, where totally 8 \ufb01sh escaped </span><span class=\"S3831 SC8 S2\" id=\"t16_161\">into the sea. In total only 1 568 </span><span class=\"S3832 SC8 S2\" id=\"t17_161\">individuals escaped from a total stock </span><span class=\"S3833 SC8 S2\" id=\"t18_161\">of approximately 53 million individuals. </span><span class=\"S3834 SC8 S2\" id=\"t19_161\">In addition Ler\u00f8y Midt was involved </span><span class=\"S3835 SC8 S2\" id=\"t1a_161\">in an incident where a well boat was </span><span class=\"S3836 SC8 S2\" id=\"t1b_161\">the cause of an escape incident, </span><span class=\"S3837 SC8 S2\" id=\"t1c_161\">where 8,976 \ufb01sh escaped. Regardless </span><span class=\"S3838 SC8 S2\" id=\"t1d_161\">of size, all incidents are described in </span><span class=\"S3839 SC8 S2\" id=\"t1e_161\">the sustainability report, available at </span><span class=\"S383A SC8 S2\" id=\"t1f_161\">www.leroyseafood.com. </span><span class=\"S383B S1C40 S2\" id=\"t1g_161\">Incident-based mortality </span><span class=\"S383C SC8 S2\" id=\"t1h_161\">The Group de\ufb01nes mortality as </span><span class=\"S383D SC8 S2\" id=\"t1i_161\">abnormal when more than a certain </span><span class=\"S383E SC8 S2\" id=\"t1j_161\">percentage of the total number of </span><span class=\"S383F SC8 S2\" id=\"t1k_161\">\ufb01sh die in the space of one month. In </span><span class=\"S3840 SC8 S2\" id=\"t1l_161\">region West this limit is 2.5% for salmon, </span><span class=\"S3841 SC8 S2\" id=\"t1m_161\">and otherwise 1.5%. For more detailed </span><span class=\"S3842 SC8 S2\" id=\"t1n_161\">information, see the note on </span><span class=\"S3843 SC8 S2\" id=\"t1o_161\">biological assets (I). </span><span class=\"S3844 SC8 S2\" id=\"t1p_161\">Abnormal mortality is de\ufb01ned as </span><span class=\"S3845 SC8 S2\" id=\"t1q_161\">incident-based mortality, and is </span><span class=\"S3846 SC8 S2\" id=\"t1r_161\">charged to the income statement in </span><span class=\"S3847 SC8 S2\" id=\"t1s_161\">the period in which it occurs. As in 2021 </span><span class=\"S3848 SC8 S2\" id=\"t1t_161\">most of the incident-based mortality </span><span class=\"S1CCF SC8 S2\" id=\"t1u_161\">in 2022 has been caused by sea lice </span><span class=\"S3849 SC8 S2\" id=\"t1v_161\">treatment. However, some mortality </span><span class=\"S384A SC8 S2\" id=\"t1w_161\">has been caused by diseases, like gill </span><span class=\"S384B SC8 S2\" id=\"t1x_161\">disease and CMS, together with </span><span class=\"S1CD3 SC8 S2\" id=\"t1y_161\">weakness from winter wounds. </span><span class=\"S384C SC8 S2\" id=\"t1z_161\">Fish health, including minimising </span><span class=\"S384D SC8 S2\" id=\"t20_161\">mortality, is the cornerstone of the </span><span class=\"S384E SC8 S2\" id=\"t21_161\">Group\u2019s strategy. There positive trend </span><span class=\"S384F SC8 S2\" id=\"t22_161\">in the number of sea lice treatments </span><span class=\"S3850 SC8 S2\" id=\"t23_161\">and related mortality, continued </span><span class=\"S3851 SC8 S2\" id=\"t24_161\">during \ufb01rst half of 2022. But in the </span><span class=\"S3852 SC8 S2\" id=\"t25_161\">second half of 2022, the number of </span><span class=\"S3853 SC8 S2\" id=\"t26_161\">sea lice treatments have increased, </span><span class=\"S3854 SC8 S2\" id=\"t27_161\">as well as the mortality following the </span><span class=\"S3855 SC8 S2\" id=\"t28_161\">treatments. The Group works </span><span class=\"S3856 SC8 S2\" id=\"t29_161\">continously with actions and </span><span class=\"S3857 SC8 S2\" id=\"t2a_161\">technology to solve this challenge. </span><span class=\"S3858 SC4 S2\" id=\"t2b_161\">Adjustments are also made for </span><span class=\"S18F0 SC4 S2\" id=\"t2c_161\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t2d_161\">2021 </span><span class=\"S3859 SC5 S2\" id=\"t2e_161\">Price premium (+/-) for trout </span><span class=\"S385A SC5 S2\" id=\"t2f_161\">0.00 </span><span class=\"S385B SC5 S2\" id=\"t2g_161\">-2.00 </span><span class=\"S385C SC5 S2\" id=\"t2h_161\">Price premium (+/-) for ecological salmon </span><span class=\"S385D SC5 S2\" id=\"t2i_161\">0.00 </span><span class=\"S385E SC5 S2\" id=\"t2j_161\">15.00 </span><span class=\"S385F SC5 S2\" id=\"t2k_161\">Price premium (+/-) for ASC certi\ufb01ed salmon </span><span class=\"S3860 SC5 S2\" id=\"t2l_161\">0.09 </span><span class=\"S3861 SC5 S2\" id=\"t2m_161\">0.00 </span><span class=\"S3862 SC5 S2\" id=\"t2n_161\">Reduction for quality differences, salmon </span><span class=\"S3863 SC5 S2\" id=\"t2o_161\">-1.30 </span><span class=\"S3864 SC5 S2\" id=\"t2p_161\">-1.30 </span><span class=\"S3865 SC5 S2\" id=\"t2q_161\">Reduction for quality differences, trout </span><span class=\"S3866 SC5 S2\" id=\"t2r_161\">-1.60 </span><span class=\"S3867 SC5 S2\" id=\"t2s_161\">-1.68 </span><span class=\"S3868 SC5 S2\" id=\"t2t_161\">Reduction for size differences, salmon </span><span class=\"S3869 SC5 S2\" id=\"t2u_161\">-0.26 </span><span class=\"S386A SC5 S2\" id=\"t2v_161\">-0.26 </span><span class=\"S386B SC5 S2\" id=\"t2w_161\">Reduction for size differences, trout </span><span class=\"S386C SC5 S2\" id=\"t2x_161\">-0.80 </span><span class=\"S386D SC5 S2\" id=\"t2y_161\">-0.80 </span><span class=\"S386E SC4 S2\" id=\"t2z_161\">Other parameters </span><span class=\"S386F SC4 S2\" id=\"t30_161\">2022 </span><span class=\"S3870 SC4 S2\" id=\"t31_161\">2021 </span><span class=\"S3871 SC5 S2\" id=\"t32_161\">Estimated average net price, all sizes (kr/kg), after primary processing and freight costs </span><span class=\"S3872 SC5 S2\" id=\"t33_161\">74.4 </span><span class=\"S3873 SC5 S2\" id=\"t34_161\">56.1 </span><span class=\"S3874 SC5 S2\" id=\"t35_161\">Projected mortality in relation to number of individuals per month in North Norway </span><span class=\"S3875 SC5 S2\" id=\"t36_161\">0.45 % </span><span class=\"S3876 SC5 S2\" id=\"t37_161\">0.45 % </span><span class=\"S3877 SC5 S2\" id=\"t38_161\">Projected mortality in relation to number of individuals per month in Central Norway </span><span class=\"S3878 SC5 S2\" id=\"t39_161\">0.60 % </span><span class=\"S3879 SC5 S2\" id=\"t3a_161\">0.60 % </span><span class=\"S387A SC5 S2\" id=\"t3b_161\">Projected mortality in relation to number of individuals per month in West Norway </span><span class=\"S387B SC5 S2\" id=\"t3c_161\">2.50 % </span><span class=\"S387C SC5 S2\" id=\"t3d_161\">1.10 % </span><span class=\"S387D SC5 S2\" id=\"t3e_161\">Slaughtering loss for salmon, for recalculation from live weight to gutted weight </span><span class=\"S387E SC5 S2\" id=\"t3f_161\">14 % </span><span class=\"S387F SC5 S2\" id=\"t3g_161\">14 % </span><span class=\"S3880 SC5 S2\" id=\"t3h_161\">Slaughtering loss for trout, for recalculation from live weight to gutted weight </span><span class=\"S3881 SC5 S2\" id=\"t3i_161\">16 % </span><span class=\"S3882 SC5 S2\" id=\"t3j_161\">16 % </span><span class=\"S3883 SC5 S2\" id=\"t3k_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, salmon </span><span class=\"S3884 SC5 S2\" id=\"t3l_161\">4.65 kg </span><span class=\"S3885 SC5 S2\" id=\"t3m_161\">4.65 kg </span><span class=\"S3886 SC5 S2\" id=\"t3n_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, trout </span><span class=\"S3887 SC5 S2\" id=\"t3o_161\">4.76 kg </span><span class=\"S3888 SC5 S2\" id=\"t3p_161\">4.76 kg </span><span class=\"S3889 SC5 S2\" id=\"t3q_161\">Discount rate (monthly) </span><span class=\"S388A SC5 S2\" id=\"t3r_161\">4 % </span><span class=\"S388B SC5 S2\" id=\"t3s_161\">4 % </span><span class=\"S388D SC4 S2\" id=\"t1_162\">Other inventories consist of </span><span class=\"S194B SC4 S2\" id=\"t2_162\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_162\">2021 </span><span class=\"S388E SC5 S2\" id=\"t4_162\">Feed, packaging materials, auxiliary and other </span><span class=\"S388F SC5 S2\" id=\"t5_162\">533 614 </span><span class=\"S3890 SC5 S2\" id=\"t6_162\">290 324 </span><span class=\"S3891 SC5 S2\" id=\"t7_162\">Raw materials, including catches onboard on trawling wessels </span><span class=\"S3892 SC5 S2\" id=\"t8_162\">494 886 </span><span class=\"S3893 SC5 S2\" id=\"t9_162\">294 209 </span><span class=\"S3894 SC5 S2\" id=\"ta_162\">Work in progress </span><span class=\"S3895 SC5 S2\" id=\"tb_162\">49 821 </span><span class=\"S3896 SC5 S2\" id=\"tc_162\">66 198 </span><span class=\"S3897 SC5 S2\" id=\"td_162\">Finished goods / goods for sale </span><span class=\"S3898 SC5 S2\" id=\"te_162\">1 237 635 </span><span class=\"S3899 SC5 S2\" id=\"tf_162\">614 086 </span><span class=\"S389A SC5 S2\" id=\"tg_162\">Write-down of inventories re obsolescence </span><span class=\"S389B SC5 S2\" id=\"th_162\">-8 059 </span><span class=\"S389C SC5 S2\" id=\"ti_162\">-8 128 </span><span class=\"S389D SC4 S2\" id=\"tj_162\">Total other inventories </span><span class=\"S389E SC4 S2\" id=\"tk_162\">2 307 897 </span><span class=\"S389F SC4 S2\" id=\"tl_162\">1 256 689 </span><span class=\"S38A0 SC4 S2\" id=\"tm_162\">Change in stock of biological assets at cost, raw materials and \ufb01nished products </span><span class=\"S38A1 SC4 S2\" id=\"tn_162\">2022 </span><span class=\"S38A2 SC4 S2\" id=\"to_162\">2021 </span><span class=\"S38A3 SC5 S2\" id=\"tp_162\">Biological assets at cost </span><span class=\"S38A4 SC5 S2\" id=\"tq_162\">5 109 448 </span><span class=\"S38A5 SC5 S2\" id=\"tr_162\">4 504 454 </span><span class=\"S38A6 SC5 S2\" id=\"ts_162\">Total other inventories </span><span class=\"S38A7 SC5 S2\" id=\"tt_162\">2 307 897 </span><span class=\"S38A8 SC5 S2\" id=\"tu_162\">1 256 689 </span><span class=\"S38A9 SC4 S2\" id=\"tv_162\">Total inventory at cost </span><span class=\"S38AA SC4 S2\" id=\"tw_162\">7 417 345 </span><span class=\"S38AB SC4 S2\" id=\"tx_162\">5 761 143 </span><span class=\"S38AC SC5 S2\" id=\"ty_162\">Total inventory at cost 01.01 </span><span class=\"S38AD SC5 S2\" id=\"tz_162\">5 761 143 </span><span class=\"S38AE SC5 S2\" id=\"t10_162\">5 688 537 </span><span class=\"S38AF SC5 S2\" id=\"t11_162\">Total inventory at cost 31.12 </span><span class=\"S38B0 SC5 S2\" id=\"t12_162\">7 417 345 </span><span class=\"S38B1 SC5 S2\" id=\"t13_162\">5 761 143 </span><span class=\"S38B2 SC4 S2\" id=\"t14_162\">Change </span><span class=\"S38B3 SC4 S2\" id=\"t15_162\">1 656 202 </span><span class=\"S38B4 SC4 S2\" id=\"t16_162\">72 606 </span><span class=\"S38B5 SAF1 S2\" id=\"t17_162\">Positive change in inventory represents a cost reduction </span><span class=\"S38B6 SAF1 S2\" id=\"t18_162\">Negative change in inventory represents a cost increase </span><span class=\"S38B7 SC5 S2\" id=\"t19_162\">Change in inventory included in translation differences related to subsidiaries - through OCI </span><span class=\"S38B8 SC5 S2\" id=\"t1a_162\">0 </span><span class=\"S38B9 SC5 S2\" id=\"t1b_162\">-22 262 </span><span class=\"S38BA SC4 S2\" id=\"t1c_162\">Change in inventory - through the income statement </span><span class=\"S38BB SC4 S2\" id=\"t1d_162\">1 656 202 </span><span class=\"S38BC SC4 S2\" id=\"t1e_162\">94 868 </span><span class=\"S38BE S18EC S2\" id=\"t1m_162\">NOTE 12 </span><span class=\"S38BF S18EC S2\" id=\"t1n_162\">Other inventories </span><span class=\"S38C0 SC4 S2\" id=\"t1_163\">Receivables as of 31.12 </span><span class=\"S38C1 SC4 S2\" id=\"t2_163\">Classi\ufb01cation </span><span class=\"S38C2 SC4 S2\" id=\"t3_163\">2022 </span><span class=\"S38C3 SC4 S2\" id=\"t4_163\">2021 </span><span class=\"S38C4 SC5 S2\" id=\"t5_163\">Non-current receivables </span><span class=\"S38C5 SC5 S2\" id=\"t6_163\">Non-current </span><span class=\"S38C6 SC5 S2\" id=\"t7_163\">123 314 </span><span class=\"S38C7 SC5 S2\" id=\"t8_163\">88 027 </span><span class=\"S38C8 SC5 S2\" id=\"t9_163\">Trade receivables </span><span class=\"S38C9 SC5 S2\" id=\"ta_163\">Current </span><span class=\"S38CA SC5 S2\" id=\"tb_163\">2 716 977 </span><span class=\"S38CB SC5 S2\" id=\"tc_163\">2 174 193 </span><span class=\"S38CC SC5 S2\" id=\"td_163\">Other current receivables </span><span class=\"S38CD SC5 S2\" id=\"te_163\">Current </span><span class=\"S38CE SC5 S2\" id=\"tf_163\">555 273 </span><span class=\"S38CF SC5 S2\" id=\"tg_163\">595 023 </span><span class=\"S38D0 SC4 S2\" id=\"th_163\">Total </span><span class=\"S38D1 SC4 S2\" id=\"ti_163\">3 395 564 </span><span class=\"S38D2 SC4 S2\" id=\"tj_163\">2 857 243 </span><span class=\"S38D3 SC4 S2\" id=\"tk_163\">Non-current receivables by currency </span><span class=\"S38D4 SC4 S2\" id=\"tl_163\">2022 </span><span class=\"S38D5 SC4 S2\" id=\"tm_163\">2021 </span><span class=\"S38D6 SC5 S2\" id=\"tn_163\">NOK </span><span class=\"S38D7 SC5 S2\" id=\"to_163\">121 625 </span><span class=\"S38D8 SC5 S2\" id=\"tp_163\">81 058 </span><span class=\"S38D9 SC5 S2\" id=\"tq_163\">EUR </span><span class=\"S38DA SC5 S2\" id=\"tr_163\">1 689 </span><span class=\"S38DB SC5 S2\" id=\"ts_163\">6 853 </span><span class=\"S38DC SC5 S2\" id=\"tt_163\">Other currencies </span><span class=\"S38DD SC5 S2\" id=\"tu_163\">0 </span><span class=\"S38DE SC5 S2\" id=\"tv_163\">116 </span><span class=\"S38DF SC4 S2\" id=\"tw_163\">Total </span><span class=\"S38E0 SC4 S2\" id=\"tx_163\">123 314 </span><span class=\"S38E1 SC4 S2\" id=\"ty_163\">88 027 </span><span class=\"S38E2 SC4 S2\" id=\"tz_163\">Trade receivables 31.12 - aging </span><span class=\"S38E3 SC4 S2\" id=\"t10_163\">2022 </span><span class=\"S38E4 SC4 S2\" id=\"t11_163\">2021 </span><span class=\"S38E5 SC5 S2\" id=\"t12_163\">Not due </span><span class=\"S38E6 SC5 S2\" id=\"t13_163\">2 136 733 </span><span class=\"S38E7 SC5 S2\" id=\"t14_163\">1 917 865 </span><span class=\"S38E8 SC5 S2\" id=\"t15_163\">Due, 0 to 3 months </span><span class=\"S38E9 SC5 S2\" id=\"t16_163\">548 873 </span><span class=\"S38EA SC5 S2\" id=\"t17_163\">248 761 </span><span class=\"S38EB SC5 S2\" id=\"t18_163\">Due, 3 to 6 months </span><span class=\"S38EC SC5 S2\" id=\"t19_163\">34 841 </span><span class=\"S38ED SC5 S2\" id=\"t1a_163\">12 394 </span><span class=\"S38EE SC5 S2\" id=\"t1b_163\">Due, more than 6 months </span><span class=\"S38EF SC5 S2\" id=\"t1c_163\">31 507 </span><span class=\"S38F0 SC5 S2\" id=\"t1d_163\">18 649 </span><span class=\"S38F1 SC4 S2\" id=\"t1e_163\">Total </span><span class=\"S38F2 SC4 S2\" id=\"t1f_163\">2 751 955 </span><span class=\"S38F3 SC4 S2\" id=\"t1g_163\">2 197 669 </span><span class=\"S38F4 SC4 S2\" id=\"t1h_163\">Trade receivables 31.12 - provision </span><span class=\"S38F5 SC4 S2\" id=\"t1i_163\">2022 </span><span class=\"S38F6 SC4 S2\" id=\"t1j_163\">2021 </span><span class=\"S38F7 SC5 S2\" id=\"t1k_163\">Not due </span><span class=\"S38F8 SC5 S2\" id=\"t1l_163\">3 391 </span><span class=\"S38F9 SC5 S2\" id=\"t1m_163\">5 116 </span><span class=\"S38FA SC5 S2\" id=\"t1n_163\">Due, 0 to 3 months </span><span class=\"S38FB SC5 S2\" id=\"t1o_163\">6 070 </span><span class=\"S38FC SC5 S2\" id=\"t1p_163\">4 627 </span><span class=\"S38FD SC5 S2\" id=\"t1q_163\">Due, 3 to 6 months </span><span class=\"S38FE SC5 S2\" id=\"t1r_163\">2 454 </span><span class=\"S38FF SC5 S2\" id=\"t1s_163\">434 </span><span class=\"S3900 SC5 S2\" id=\"t1t_163\">Due, more than 6 months </span><span class=\"S3901 SC5 S2\" id=\"t1u_163\">23 063 </span><span class=\"S3902 SC5 S2\" id=\"t1v_163\">13 299 </span><span class=\"S3903 SC4 S2\" id=\"t1w_163\">Total </span><span class=\"S3904 SC4 S2\" id=\"t1x_163\">34 977 </span><span class=\"S3905 SC4 S2\" id=\"t1y_163\">23 476 </span><span class=\"S3906 SC4 S2\" id=\"t1z_163\">Non-current receivables </span><span class=\"S3907 SC4 S2\" id=\"t20_163\">2022 </span><span class=\"S3908 SC4 S2\" id=\"t21_163\">2021 </span><span class=\"S3909 SC5 S2\" id=\"t22_163\">Loan to associates </span><span class=\"S390A SC5 S2\" id=\"t23_163\">17 796 </span><span class=\"S390B SC5 S2\" id=\"t24_163\">17 805 </span><span class=\"S390C SC5 S2\" id=\"t25_163\">Loans to employees, including CEOs </span><span class=\"S390D SC5 S2\" id=\"t26_163\">4 290 </span><span class=\"S390E SC5 S2\" id=\"t27_163\">3 177 </span><span class=\"S390F SC5 S2\" id=\"t28_163\">Loans to \ufb01shermen </span><span class=\"S3910 SC5 S2\" id=\"t29_163\">37 300 </span><span class=\"S3911 SC5 S2\" id=\"t2a_163\">34 787 </span><span class=\"S3731 SC5 S2\" id=\"t2b_163\">Loans to others </span><span class=\"S3912 SC5 S2\" id=\"t2c_163\">1 500 </span><span class=\"S3913 SC5 S2\" id=\"t2d_163\">166 </span><span class=\"S3914 SC5 S2\" id=\"t2e_163\">Financial instruments with positive fair value, non-current (see note 14) </span><span class=\"S3915 SC5 S2\" id=\"t2f_163\">39 160 </span><span class=\"S3916 SC5 S2\" id=\"t2g_163\">9 121 </span><span class=\"S3917 SC5 S2\" id=\"t2h_163\">Deposits (mainly Norges R\u00e5\ufb01sklag) </span><span class=\"S3918 SC5 S2\" id=\"t2i_163\">17 013 </span><span class=\"S3919 SC5 S2\" id=\"t2j_163\">22 566 </span><span class=\"S391A SC5 S2\" id=\"t2k_163\">Other receivables and periodisations </span><span class=\"S391B SC5 S2\" id=\"t2l_163\">6 254 </span><span class=\"S391C SC5 S2\" id=\"t2m_163\">405 </span><span class=\"S391D SC4 S2\" id=\"t2n_163\">Total </span><span class=\"S391E SC4 S2\" id=\"t2o_163\">123 314 </span><span class=\"S391F SC4 S2\" id=\"t2p_163\">88 027 </span><span class=\"S3920 SC7 S2\" id=\"t2q_163\">Total receivables </span><span class=\"S3921 SC7 S2\" id=\"t2r_163\">Trade receivables </span><span class=\"S3922 SC7 S2\" id=\"t2s_163\">Non-current receivables </span><span class=\"S3923 SC5 S2\" id=\"t2t_163\">The Group normally invoices the agreed transaction price upon delivery of the goods.\u00a0Payment is typically due within 30 - 60 days.\u00a0The Group </span><span class=\"S3924 SC5 S2\" id=\"t2u_163\">arranges for third parties to distribute the goods to the customers and carries the incurred distribution costs itself. The customers cover these </span><span class=\"S3925 SC5 S2\" id=\"t2v_163\">costs through the agreed transaction price. </span><span class=\"S3926 SC5 S2\" id=\"t2w_163\">All but an insigni\ufb01cant part of the Group\u2019s trade receivables are covered by credit insurance or other forms of surety. The loss deductible on </span><span class=\"S3927 SC5 S2\" id=\"t2x_163\">credit insured trade receivables is 10%. </span><span class=\"S3928 SC5 S2\" id=\"t2y_163\">By the end of February 2023 94.3% of trade receivables (nominal value) had been collected, compared with 94.6% in the previous year. This </span><span class=\"S3929 SC5 S2\" id=\"t2z_163\">represents 95.6% of book value, which is the same as previous year. </span><span class=\"S392A SC4 S2\" id=\"t30_163\">Trade receivables </span><span class=\"S392B SC4 S2\" id=\"t31_163\">2022 </span><span class=\"S392C SC4 S2\" id=\"t32_163\">2021 </span><span class=\"S392D SC5 S2\" id=\"t33_163\">Nominal value </span><span class=\"S392E SC5 S2\" id=\"t34_163\">2 751 955 </span><span class=\"S392F SC5 S2\" id=\"t35_163\">2 197 669 </span><span class=\"S3930 SC5 S2\" id=\"t36_163\">Provision for bad debts </span><span class=\"S3931 SC5 S2\" id=\"t37_163\">-34 977 </span><span class=\"S3932 SC5 S2\" id=\"t38_163\">-23 476 </span><span class=\"S3933 SC4 S2\" id=\"t39_163\">Total trade receivables </span><span class=\"S3934 SC4 S2\" id=\"t3a_163\">2 716 977 </span><span class=\"S3935 SC4 S2\" id=\"t3b_163\">2 174 193 </span><span class=\"S3936 S18EC S2\" id=\"t3j_163\">NOTE 13 </span><span class=\"S3937 S18EC S2\" id=\"t3k_163\">Receivables </span><span class=\"S3938 SC4 S2\" id=\"t1_164\">Trade receivables 31.12 - no provision </span><span class=\"S194B SC4 S2\" id=\"t2_164\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_164\">2021 </span><span class=\"S3939 SC5 S2\" id=\"t4_164\">Not due </span><span class=\"S393A SC5 S2\" id=\"t5_164\">2 133 342 </span><span class=\"S393B SC5 S2\" id=\"t6_164\">1 912 749 </span><span class=\"S393C SC5 S2\" id=\"t7_164\">Due, 0 to 3 months </span><span class=\"S393D SC5 S2\" id=\"t8_164\">542 803 </span><span class=\"S393E SC5 S2\" id=\"t9_164\">244 134 </span><span class=\"S393F SC5 S2\" id=\"ta_164\">Due, 3 to 6 months </span><span class=\"S3940 SC5 S2\" id=\"tb_164\">32 387 </span><span class=\"S3941 SC5 S2\" id=\"tc_164\">11 960 </span><span class=\"S3942 SC5 S2\" id=\"td_164\">Due, more than 6 months </span><span class=\"S3943 SC5 S2\" id=\"te_164\">8 444 </span><span class=\"S3944 SC5 S2\" id=\"tf_164\">5 350 </span><span class=\"S3945 SC4 S2\" id=\"tg_164\">Total </span><span class=\"S3946 SC4 S2\" id=\"th_164\">2 716 977 </span><span class=\"S3947 SC4 S2\" id=\"ti_164\">2 174 193 </span><span class=\"S3948 SC4 S2\" id=\"tj_164\">Lifetime expected loss allowance for provision </span><span class=\"S3949 SC4 S2\" id=\"tk_164\">2022 </span><span class=\"S394A SC4 S2\" id=\"tl_164\">2021 </span><span class=\"S394B SC5 S2\" id=\"tm_164\">Not due </span><span class=\"S394C SC5 S2\" id=\"tn_164\">0.2 % </span><span class=\"S394D SC5 S2\" id=\"to_164\">0.3 % </span><span class=\"S394E SC5 S2\" id=\"tp_164\">Due, 0 to 3 months </span><span class=\"S394F SC5 S2\" id=\"tq_164\">1.1 % </span><span class=\"S3950 SC5 S2\" id=\"tr_164\">1.9 % </span><span class=\"S3951 SC5 S2\" id=\"ts_164\">Due, 3 to 6 months </span><span class=\"S3952 SC5 S2\" id=\"tt_164\">7.0 % </span><span class=\"S3953 SC5 S2\" id=\"tu_164\">3.5 % </span><span class=\"S3954 SC5 S2\" id=\"tv_164\">Due, more than 6 months </span><span class=\"S3955 SC5 S2\" id=\"tw_164\">73.2 % </span><span class=\"S3956 SC5 S2\" id=\"tx_164\">71.3 % </span><span class=\"S3957 SC4 S2\" id=\"ty_164\">Total </span><span class=\"S3958 SC4 S2\" id=\"tz_164\">1.3 % </span><span class=\"S3959 SC4 S2\" id=\"t10_164\">1.1 % </span><span class=\"S395A SC4 S2\" id=\"t11_164\">Movements in provision for bad debt are as follows </span><span class=\"S395B SC4 S2\" id=\"t12_164\">2022 </span><span class=\"S395C SC4 S2\" id=\"t13_164\">2021 </span><span class=\"S395D SC5 S2\" id=\"t14_164\">Provision 01.01 </span><span class=\"S395E SC5 S2\" id=\"t15_164\">23 476 </span><span class=\"S395F SC5 S2\" id=\"t16_164\">23 688 </span><span class=\"S3960 SC5 S2\" id=\"t17_164\">Business combinations </span><span class=\"S3961 SC5 S2\" id=\"t18_164\">0 </span><span class=\"S3962 SC5 S2\" id=\"t19_164\">2 335 </span><span class=\"S3963 SC5 S2\" id=\"t1a_164\">This years change in provisions, recognised in the income statement </span><span class=\"S3964 SC5 S2\" id=\"t1b_164\">11 121 </span><span class=\"S3965 SC5 S2\" id=\"t1c_164\">-1 437 </span><span class=\"S3966 SC5 S2\" id=\"t1d_164\">Currency translation differences </span><span class=\"S3967 SC5 S2\" id=\"t1e_164\">380 </span><span class=\"S3968 SC5 S2\" id=\"t1f_164\">-1 110 </span><span class=\"S3969 SC4 S2\" id=\"t1g_164\">Provision 31.12 </span><span class=\"S396A SC4 S2\" id=\"t1h_164\">34 977 </span><span class=\"S396B SC4 S2\" id=\"t1i_164\">23 476 </span><span class=\"S396C SC4 S2\" id=\"t1j_164\">Net loss on account receivables included in the income statement </span><span class=\"S396D SC4 S2\" id=\"t1k_164\">2022 </span><span class=\"S396E SC4 S2\" id=\"t1l_164\">2021 </span><span class=\"S396F SC5 S2\" id=\"t1m_164\">Net change in provision for bad debt </span><span class=\"S3970 SC5 S2\" id=\"t1n_164\">11 121 </span><span class=\"S3971 SC5 S2\" id=\"t1o_164\">-1 437 </span><span class=\"S3972 SC5 S2\" id=\"t1p_164\">Receivables written off during the year as uncollectable </span><span class=\"S3973 SC5 S2\" id=\"t1q_164\">2 914 </span><span class=\"S3974 SC5 S2\" id=\"t1r_164\">1 665 </span><span class=\"S3975 SC5 S2\" id=\"t1s_164\">Receivables written off, recovered </span><span class=\"S3976 SC5 S2\" id=\"t1t_164\">-6 958 </span><span class=\"S3977 SC5 S2\" id=\"t1u_164\">-138 </span><span class=\"S3978 SC4 S2\" id=\"t1v_164\">Total cost (+) / cost reduction (-) </span><span class=\"S3979 SC4 S2\" id=\"t1w_164\">7 076 </span><span class=\"S397A SC4 S2\" id=\"t1x_164\">90 </span><span class=\"S397B SAF1 S2\" id=\"t1y_164\">Included in other operating expenses </span><span class=\"S397C SC4 S2\" id=\"t1z_164\">Trade receivables by currency </span><span class=\"S397D SC4 S2\" id=\"t20_164\">2022 </span><span class=\"S397E SC4 S2\" id=\"t21_164\">2021 </span><span class=\"S397F SC5 S2\" id=\"t22_164\">NOK </span><span class=\"S3980 SC5 S2\" id=\"t23_164\">745 109 </span><span class=\"S3981 SC5 S2\" id=\"t24_164\">653 930 </span><span class=\"S3982 SC5 S2\" id=\"t25_164\">SEK </span><span class=\"S3983 SC5 S2\" id=\"t26_164\">320 554 </span><span class=\"S3984 SC5 S2\" id=\"t27_164\">105 894 </span><span class=\"S3985 SC5 S2\" id=\"t28_164\">DKK </span><span class=\"S3986 SC5 S2\" id=\"t29_164\">152 377 </span><span class=\"S3987 SC5 S2\" id=\"t2a_164\">110 180 </span><span class=\"S3988 SC5 S2\" id=\"t2b_164\">GBP </span><span class=\"S3989 SC5 S2\" id=\"t2c_164\">0 </span><span class=\"S398A SC5 S2\" id=\"t2d_164\">32 778 </span><span class=\"S398B SC5 S2\" id=\"t2e_164\">EUR </span><span class=\"S398C SC5 S2\" id=\"t2f_164\">1 337 754 </span><span class=\"S398D SC5 S2\" id=\"t2g_164\">938 538 </span><span class=\"S398E SC5 S2\" id=\"t2h_164\">USD </span><span class=\"S398F SC5 S2\" id=\"t2i_164\">122 877 </span><span class=\"S3990 SC5 S2\" id=\"t2j_164\">273 289 </span><span class=\"S3991 SC5 S2\" id=\"t2k_164\">JPY </span><span class=\"S3992 SC5 S2\" id=\"t2l_164\">0 </span><span class=\"S3993 SC5 S2\" id=\"t2m_164\">33 392 </span><span class=\"S3994 SC5 S2\" id=\"t2n_164\">Other currencies </span><span class=\"S3995 SC5 S2\" id=\"t2o_164\">38 306 </span><span class=\"S3996 SC5 S2\" id=\"t2p_164\">26 192 </span><span class=\"S3997 SC4 S2\" id=\"t2q_164\">Total trade receivables </span><span class=\"S3998 SC4 S2\" id=\"t2r_164\">2 716 977 </span><span class=\"S3999 SC4 S2\" id=\"t2s_164\">2 174 193 </span><span class=\"S399A SC5 S2\" id=\"t2t_164\">The Group has international operations and is exposed to currency risk in several currencies. Receivables are recognised at market rate on </span><span class=\"S399B SC5 S2\" id=\"t2u_164\">balance sheet date. Forward contracts are utilised to the greatest extent possible to eliminate currency risk related to outstanding trade </span><span class=\"S399C SC5 S2\" id=\"t2v_164\">receivables. See the note on \ufb01nancial instruments. </span><span class=\"S399D SC7 S2\" id=\"t2w_164\">Other current receivables </span><span class=\"S399E SC8 S2\" id=\"t2x_164\">Other current receivables are due within a year, and are classi\ufb01ed as current assets. </span><span class=\"S399F SC4 S2\" id=\"t2y_164\">Other current receivables </span><span class=\"S39A0 SC4 S2\" id=\"t2z_164\">2022 </span><span class=\"S39A1 SC4 S2\" id=\"t30_164\">2021 </span><span class=\"S39A2 SC5 S2\" id=\"t31_164\">VAT to be refunded </span><span class=\"S39A3 SC5 S2\" id=\"t32_164\">263 761 </span><span class=\"S39A4 SC5 S2\" id=\"t33_164\">293 405 </span><span class=\"S39A5 SC5 S2\" id=\"t34_164\">Financial instruments measured at fair value (see note 14) </span><span class=\"S39A6 SC5 S2\" id=\"t35_164\">22 543 </span><span class=\"S39A7 SC5 S2\" id=\"t36_164\">61 506 </span><span class=\"S39A8 SC5 S2\" id=\"t37_164\">Pre-payments </span><span class=\"S39A9 SC5 S2\" id=\"t38_164\">111 248 </span><span class=\"S39AA SC5 S2\" id=\"t39_164\">79 665 </span><span class=\"S39AB SC5 S2\" id=\"t3a_164\">Current loans and credits given </span><span class=\"S39AC SC5 S2\" id=\"t3b_164\">19 823 </span><span class=\"S39AD SC5 S2\" id=\"t3c_164\">22 667 </span><span class=\"S39AE SC5 S2\" id=\"t3d_164\">Other current receivables and periodisations </span><span class=\"S39AF SC5 S2\" id=\"t3e_164\">137 898 </span><span class=\"S39B0 SC5 S2\" id=\"t3f_164\">137 780 </span><span class=\"S39B1 SC4 S2\" id=\"t3g_164\">Total </span><span class=\"S39B2 SC4 S2\" id=\"t3h_164\">555 273 </span><span class=\"S39B3 SC4 S2\" id=\"t3i_164\">595 023 </span><span class=\"S39B4 SC4 S2\" id=\"t3j_164\">Other current receivables as of 31.12 by currency </span><span class=\"S39B5 SC4 S2\" id=\"t3k_164\">2022 </span><span class=\"S39B6 SC4 S2\" id=\"t3l_164\">2021 </span><span class=\"S39B7 SC5 S2\" id=\"t3m_164\">NOK </span><span class=\"S39B8 SC5 S2\" id=\"t3n_164\">520 747 </span><span class=\"S39B9 SC5 S2\" id=\"t3o_164\">528 580 </span><span class=\"S39BA SC5 S2\" id=\"t3p_164\">SEK </span><span class=\"S39BB SC5 S2\" id=\"t3q_164\">13 162 </span><span class=\"S39BC SC5 S2\" id=\"t3r_164\">17 781 </span><span class=\"S39BD SC5 S2\" id=\"t3s_164\">DKK </span><span class=\"S39BE SC5 S2\" id=\"t3t_164\">6 323 </span><span class=\"S39BF SC5 S2\" id=\"t3u_164\">13 072 </span><span class=\"S39C0 SC5 S2\" id=\"t3v_164\">EUR </span><span class=\"S39C1 SC5 S2\" id=\"t3w_164\">10 225 </span><span class=\"S39C2 SC5 S2\" id=\"t3x_164\">26 379 </span><span class=\"S39C3 SC5 S2\" id=\"t3y_164\">Other currencies </span><span class=\"S39C4 SC5 S2\" id=\"t3z_164\">4 816 </span><span class=\"S39C5 SC5 S2\" id=\"t40_164\">9 211 </span><span class=\"S39C6 SC4 S2\" id=\"t41_164\">Total </span><span class=\"S39C7 SC4 S2\" id=\"t42_164\">555 273 </span><span class=\"S39C8 SC4 S2\" id=\"t43_164\">595 023 </span><span class=\"S39C9 S18EC S2\" id=\"t4b_164\">NOTE 13 cont. </span><span class=\"S39CA S18EC S2\" id=\"t4c_164\">Receivables </span><span class=\"S1EC3 SC7 S2\" id=\"t1_165\">Financial instruments by category </span><span class=\"S3024 SC8 S2\" id=\"t2_165\">The following principles have been used for the subsequent measurement of \ufb01nancial instruments in the balance sheet: </span><span class=\"S39CB SC4 S2\" id=\"t3_165\">Amortised cost </span><span class=\"S39CC SC4 S2\" id=\"t4_165\">Fair value </span><span class=\"S39CD SC4 S2\" id=\"t5_165\">through pro\ufb01t or </span><span class=\"S39CE SC4 S2\" id=\"t6_165\">loss </span><span class=\"S39CF SC4 S2\" id=\"t7_165\">Fair value </span><span class=\"S39D0 SC4 S2\" id=\"t8_165\">through other </span><span class=\"S39D1 SC4 S2\" id=\"t9_165\">comprehensive </span><span class=\"S39D2 SC4 S2\" id=\"ta_165\">income </span><span class=\"S39D3 SC4 S2\" id=\"tb_165\">Total </span><span class=\"S39D4 SC4 S2\" id=\"tc_165\">31.12.2021 </span><span class=\"S39D5 SC4 S2\" id=\"td_165\">Assets </span><span class=\"S39D6 SC5 S2\" id=\"te_165\">Other investments </span><span class=\"S39D7 SC5 S2\" id=\"tf_165\">20 974 </span><span class=\"S39D8 SC4 S2\" id=\"tg_165\">20 974 </span><span class=\"S39D9 SC5 S2\" id=\"th_165\">Loans and other long term receivables </span><span class=\"S39DA SC5 S2\" id=\"ti_165\">78 906 </span><span class=\"S39DB SC5 S2\" id=\"tj_165\">9 121 </span><span class=\"S39DC SC4 S2\" id=\"tk_165\">88 027 </span><span class=\"S3644 SC5 S2\" id=\"tl_165\">Trade receivables and other short term receivables * </span><span class=\"S39DD SC5 S2\" id=\"tm_165\">2 334 640 </span><span class=\"S39DE SC5 S2\" id=\"tn_165\">58 173 </span><span class=\"S39DF SC5 S2\" id=\"to_165\">3 333 </span><span class=\"S39E0 SC4 S2\" id=\"tp_165\">2 396 146 </span><span class=\"S39E1 SC5 S2\" id=\"tq_165\">Cash and cash equivalents </span><span class=\"S39E2 SC5 S2\" id=\"tr_165\">4 203 147 </span><span class=\"S39E3 SC4 S2\" id=\"ts_165\">4 203 147 </span><span class=\"S39E4 SC4 S2\" id=\"tt_165\">Total </span><span class=\"S39E5 SC4 S2\" id=\"tu_165\">6 616 693 </span><span class=\"S39E6 SC4 S2\" id=\"tv_165\">79 147 </span><span class=\"S39E7 SC4 S2\" id=\"tw_165\">12 454 </span><span class=\"S39E8 SC4 S2\" id=\"tx_165\">6 708 294 </span><span class=\"S39E9 SAF1 S2\" id=\"ty_165\">* Trade receivables and other receivables excl. advance payments (NOK 79.665) and public duties receivable (NOK 293.405), ref note 13. </span><span class=\"S39EA SC4 S2\" id=\"tz_165\">Liabilities </span><span class=\"S39EB SC5 S2\" id=\"t10_165\">Loans (excl. \ufb01nance leases) </span><span class=\"S39EC SC5 S2\" id=\"t11_165\">5 691 120 </span><span class=\"S39ED SC4 S2\" id=\"t12_165\">5 691 120 </span><span class=\"S39EE SC5 S2\" id=\"t13_165\">Lease liabilities to credit institutions </span><span class=\"S39EF SC5 S2\" id=\"t14_165\">1 236 528 </span><span class=\"S39F0 SC4 S2\" id=\"t15_165\">1 236 528 </span><span class=\"S39F1 SC5 S2\" id=\"t16_165\">Overdraft facility and other short term loans and credits </span><span class=\"S39F2 SC5 S2\" id=\"t17_165\">582 390 </span><span class=\"S39F3 SC4 S2\" id=\"t18_165\">582 390 </span><span class=\"S39F4 SC5 S2\" id=\"t19_165\">Trade payables and other short-term liabilities ** </span><span class=\"S39F5 SC5 S2\" id=\"t1a_165\">2 175 096 </span><span class=\"S39F6 SC5 S2\" id=\"t1b_165\">577 </span><span class=\"S39F7 SC4 S2\" id=\"t1c_165\">2 175 673 </span><span class=\"S39F8 SC4 S2\" id=\"t1d_165\">Total </span><span class=\"S39F9 SC4 S2\" id=\"t1e_165\">9 685 134 </span><span class=\"S39FA SC4 S2\" id=\"t1f_165\">0 </span><span class=\"S39FB SC4 S2\" id=\"t1g_165\">577 </span><span class=\"S39FC SC4 S2\" id=\"t1h_165\">9 685 711 </span><span class=\"S39FD SAF1 S2\" id=\"t1i_165\">** Trade payables and other debt, excl. statutory liabilities and accrued wages and holiday pay </span><span class=\"S39FE SC4 S2\" id=\"t1j_165\">31.12.2022 </span><span class=\"S39FF SC4 S2\" id=\"t1k_165\">Assets </span><span class=\"S3A00 SC5 S2\" id=\"t1l_165\">Other investments </span><span class=\"S3A01 SC5 S2\" id=\"t1m_165\">16 699 </span><span class=\"S3A02 SC4 S2\" id=\"t1n_165\">16 699 </span><span class=\"S3A03 SC5 S2\" id=\"t1o_165\">Loans and other long term receivables </span><span class=\"S3A04 SC5 S2\" id=\"t1p_165\">84 154 </span><span class=\"S3A05 SC5 S2\" id=\"t1q_165\">39 160 </span><span class=\"S3A06 SC4 S2\" id=\"t1r_165\">123 314 </span><span class=\"S3A07 SC5 S2\" id=\"t1s_165\">Trade receivables and other short term receivables * </span><span class=\"S3A08 SC5 S2\" id=\"t1t_165\">2 877 582 </span><span class=\"S3A09 SC5 S2\" id=\"t1u_165\">22 543 </span><span class=\"S3A0A SC4 S2\" id=\"t1v_165\">2 900 125 </span><span class=\"S3A0B SC5 S2\" id=\"t1w_165\">Cash and cash equivalents </span><span class=\"S3A0C SC5 S2\" id=\"t1x_165\">3 304 878 </span><span class=\"S3A0D SC4 S2\" id=\"t1y_165\">3 304 878 </span><span class=\"S3A0E SC4 S2\" id=\"t1z_165\">Total </span><span class=\"S3A0F SC4 S2\" id=\"t20_165\">6 266 614 </span><span class=\"S3A10 SC4 S2\" id=\"t21_165\">39 242 </span><span class=\"S3A11 SC4 S2\" id=\"t22_165\">39 160 </span><span class=\"S3A12 SC4 S2\" id=\"t23_165\">6 345 016 </span><span class=\"S3A13 SAF1 S2\" id=\"t24_165\">* Trade receivables and other receivables excl. advance payments (NOK 108.364) and public duties receivable (NOK 263.761), ref note 13. </span><span class=\"S3A14 SC4 S2\" id=\"t25_165\">Liabilities </span><span class=\"S3A15 SC5 S2\" id=\"t26_165\">Loans (excl. \ufb01nance leases) </span><span class=\"S3A16 SC5 S2\" id=\"t27_165\">5 338 143 </span><span class=\"S3A17 SC4 S2\" id=\"t28_165\">5 338 143 </span><span class=\"S3A18 SC5 S2\" id=\"t29_165\">Lease liabilities to credit institutions </span><span class=\"S3A19 SC5 S2\" id=\"t2a_165\">1 213 715 </span><span class=\"S3A1A SC4 S2\" id=\"t2b_165\">1 213 715 </span><span class=\"S3A1B SC5 S2\" id=\"t2c_165\">Overdraft facility and other short term loans and credits </span><span class=\"S3A1C SC5 S2\" id=\"t2d_165\">1 104 780 </span><span class=\"S3A1D SC4 S2\" id=\"t2e_165\">1 104 780 </span><span class=\"S3A1E SC5 S2\" id=\"t2f_165\">Trade payables and other short-term liabilities ** </span><span class=\"S3A1F SC5 S2\" id=\"t2g_165\">2 547 196 </span><span class=\"S3A20 SC5 S2\" id=\"t2h_165\">5 812 </span><span class=\"S3A21 SC4 S2\" id=\"t2i_165\">2 553 008 </span><span class=\"S3A22 SC4 S2\" id=\"t2j_165\">Total </span><span class=\"S3A23 SC4 S2\" id=\"t2k_165\">10 203 834 </span><span class=\"S3A24 SC4 S2\" id=\"t2l_165\">0 </span><span class=\"S3A25 SC4 S2\" id=\"t2m_165\">5 812 </span><span class=\"S3A26 SC4 S2\" id=\"t2n_165\">10 209 646 </span><span class=\"S3A27 SAF1 S2\" id=\"t2o_165\">** Trade payables and other debt, excl. statutory liabilities and accrued wages and holiday pay </span><span class=\"S3A28 S18EC S2\" id=\"t2w_165\">NOTE 14 </span><span class=\"S3A29 S18EC S2\" id=\"t2x_165\">Financial instruments </span><span class=\"S3A2A SC7 S2\" id=\"t1_166\">Financial instruments at fair value by level </span><span class=\"S3597 SC8 S2\" id=\"t2_166\">The table below shows \ufb01nancial instruments at 31.12 at fair value (before tax) according to valuation method. The </span><span class=\"S3A2B SC8 S2\" id=\"t3_166\">different levels are de\ufb01ned as follows: </span><span class=\"S3A2C S109 S2\" id=\"t4_166\">Level 1: </span><span class=\"S3A2D SC8 S2\" id=\"t5_166\">Listed price on an active market for an identical asset or liability </span><span class=\"S3A2E S109 S2\" id=\"t6_166\">Level 2: </span><span class=\"S3A2F SC8 S2\" id=\"t7_166\">Valuation based on observable factors other than listed price (used in level 1), either direct (price) or indirect </span><span class=\"S3A30 SC8 S2\" id=\"t8_166\">(derived from prices) for the asset or liability </span><span class=\"S3A31 S109 S2\" id=\"t9_166\">Level 3: </span><span class=\"S3A32 SC8 S2\" id=\"ta_166\">Valuation based on factors that are not sourced from observable markets (non-observable premises) </span><span class=\"S3A33 SC4 S2\" id=\"tb_166\">Level 1 </span><span class=\"S3A34 SC4 S2\" id=\"tc_166\">Level 2 </span><span class=\"S3A35 SC4 S2\" id=\"td_166\">Level 3 </span><span class=\"S3A36 SC4 S2\" id=\"te_166\">31.12.2021 </span><span class=\"S3A37 SC4 S2\" id=\"tf_166\">Assets </span><span class=\"S3A38 SAF1 S2\" id=\"tg_166\">Financial instruments used for hedging </span><span class=\"S3A39 SC5 S2\" id=\"th_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A3A SC5 S2\" id=\"ti_166\">58 173 </span><span class=\"S3A3B SC5 S2\" id=\"tj_166\">\u2013 Fish Pool contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3C SC5 S2\" id=\"tk_166\">1 836 </span><span class=\"S3A3D SC5 S2\" id=\"tl_166\">\u2013 Bunker derivatives (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3E SC5 S2\" id=\"tm_166\">1 497 </span><span class=\"S3A3F SC5 S2\" id=\"tn_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A40 SC5 S2\" id=\"to_166\">9 121 </span><span class=\"S3A41 SAF1 S2\" id=\"tp_166\">Other \ufb01nancial instruments </span><span class=\"S3A42 SC5 S2\" id=\"tq_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A43 SC5 S2\" id=\"tr_166\">20 974 </span><span class=\"S3A44 SC4 S2\" id=\"ts_166\">Total </span><span class=\"S3A45 SC4 S2\" id=\"tt_166\">0 </span><span class=\"S3A46 SC4 S2\" id=\"tu_166\">70 628 </span><span class=\"S3A47 SC4 S2\" id=\"tv_166\">20 974 </span><span class=\"S3A48 SC5 S2\" id=\"tw_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A49 SC5 S2\" id=\"tx_166\">0 </span><span class=\"S3A4A SC5 S2\" id=\"ty_166\">9 121 </span><span class=\"S3A4B SC5 S2\" id=\"tz_166\">20 974 </span><span class=\"S3A4C SC5 S2\" id=\"t10_166\">Herby current portion, ref note 13 </span><span class=\"S3A4D SC5 S2\" id=\"t11_166\">0 </span><span class=\"S3A4E SC5 S2\" id=\"t12_166\">61 506 </span><span class=\"S3A4F SC5 S2\" id=\"t13_166\">0 </span><span class=\"S3A50 SC4 S2\" id=\"t14_166\">Liabilities </span><span class=\"S3A51 SAF1 S2\" id=\"t15_166\">Financial instruments used for hedging </span><span class=\"S3A52 SC5 S2\" id=\"t16_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A53 SC5 S2\" id=\"t17_166\">577 </span><span class=\"S3A54 SC4 S2\" id=\"t18_166\">Total </span><span class=\"S3A55 SC4 S2\" id=\"t19_166\">0 </span><span class=\"S3A56 SC4 S2\" id=\"t1a_166\">577 </span><span class=\"S3A57 SC4 S2\" id=\"t1b_166\">0 </span><span class=\"S3A58 SC5 S2\" id=\"t1c_166\">Herby non-current portion </span><span class=\"S3A59 SC5 S2\" id=\"t1d_166\">0 </span><span class=\"S3A5A SC5 S2\" id=\"t1e_166\">Herby current portion, ref note 18 </span><span class=\"S3A5B SC5 S2\" id=\"t1f_166\">577 </span><span class=\"S3A5C SC4 S2\" id=\"t1g_166\">31.12.2022 </span><span class=\"S3A5D SC4 S2\" id=\"t1h_166\">Assets </span><span class=\"S82 SAF1 S2\" id=\"t1i_166\">Financial instruments used for hedging </span><span class=\"S3A5E SC5 S2\" id=\"t1j_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A5F SC5 S2\" id=\"t1k_166\">22 543 </span><span class=\"S3A60 SC5 S2\" id=\"t1l_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A61 SC5 S2\" id=\"t1m_166\">39 160 </span><span class=\"S3A62 SAF1 S2\" id=\"t1n_166\">Other \ufb01nancial instruments </span><span class=\"S3A63 SC5 S2\" id=\"t1o_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A64 SC5 S2\" id=\"t1p_166\">16 699 </span><span class=\"S3A65 SC4 S2\" id=\"t1q_166\">Total </span><span class=\"S3A66 SC4 S2\" id=\"t1r_166\">0 </span><span class=\"S3A67 SC4 S2\" id=\"t1s_166\">61 703 </span><span class=\"S3A68 SC4 S2\" id=\"t1t_166\">16 699 </span><span class=\"S3A69 SC5 S2\" id=\"t1u_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A6A SC5 S2\" id=\"t1v_166\">0 </span><span class=\"S3A6B SC5 S2\" id=\"t1w_166\">39 160 </span><span class=\"S3A6C SC5 S2\" id=\"t1x_166\">16 699 </span><span class=\"S3A6D SC5 S2\" id=\"t1y_166\">Herby current portion, ref note 13 </span><span class=\"S3A6E SC5 S2\" id=\"t1z_166\">0 </span><span class=\"S3A6F SC5 S2\" id=\"t20_166\">22 543 </span><span class=\"S3A70 SC5 S2\" id=\"t21_166\">0 </span><span class=\"S3A71 SC4 S2\" id=\"t22_166\">Liabilities </span><span class=\"S3A72 SAF1 S2\" id=\"t23_166\">Financial instruments used for hedging </span><span class=\"S3A73 SC5 S2\" id=\"t24_166\">\u2013 Currency forward contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A74 SC5 S2\" id=\"t25_166\">5 812 </span><span class=\"S3A75 SC4 S2\" id=\"t26_166\">Total </span><span class=\"S3A76 SC4 S2\" id=\"t27_166\">0 </span><span class=\"S3A77 SC4 S2\" id=\"t28_166\">5 812 </span><span class=\"S3A78 SC4 S2\" id=\"t29_166\">0 </span><span class=\"S3A79 SC5 S2\" id=\"t2a_166\">Herby non-current portion </span><span class=\"S3A7A SC5 S2\" id=\"t2b_166\">0 </span><span class=\"S3A7B SC5 S2\" id=\"t2c_166\">0 </span><span class=\"S3A7C SC5 S2\" id=\"t2d_166\">0 </span><span class=\"S3A7D SC5 S2\" id=\"t2e_166\">Herby current portion, ref note 18 </span><span class=\"S3A7E SC5 S2\" id=\"t2f_166\">0 </span><span class=\"S3A7F SC5 S2\" id=\"t2g_166\">5 812 </span><span class=\"S3A80 SC5 S2\" id=\"t2h_166\">0 </span><span class=\"S1B0F S18EC S2\" id=\"t2p_166\">NOTE 14 cont. </span><span class=\"S3A81 S18EC S2\" id=\"t2q_166\">Financial instruments </span><span class=\"S21BC SC7 S2\" id=\"t1_167\">Change in fair value on \ufb01nancial intruments included in receivables, debt, pro\ufb01t and loss and OCI </span><span class=\"S31D0 SC8 S2\" id=\"t2_167\">The table below presents the accounting of \ufb01nancial instruments included in receivables and debt. </span><span class=\"S22B2 SC8 S2\" id=\"t3_167\">The \ufb01nancial instruments are recognised at fair value. Depending on type of hedge, the change in fair value is booked </span><span class=\"S3A82 SC8 S2\" id=\"t4_167\">either through PL or OCI. </span><span class=\"S3A83 SC8 S2\" id=\"t5_167\">Each type of \ufb01nancial instruments is further explained below the table. </span><span class=\"S3A84 SC4 S2\" id=\"t6_167\">Changes in balance sheet values before tax </span><span class=\"S3A85 SC4 S2\" id=\"t7_167\">Fair value as </span><span class=\"S3A86 SC4 S2\" id=\"t8_167\">of 01.01.2022 </span><span class=\"S3A87 SC4 S2\" id=\"t9_167\">Fair value </span><span class=\"S3A88 SC4 S2\" id=\"ta_167\">through pro\ufb01t </span><span class=\"S3A89 SC4 S2\" id=\"tb_167\">or loss </span><span class=\"S3A8A SC4 S2\" id=\"tc_167\">Fair value </span><span class=\"S3A8B SC4 S2\" id=\"td_167\">through other </span><span class=\"S3A8C SC4 S2\" id=\"te_167\">comprehensive </span><span class=\"S3A8D SC4 S2\" id=\"tf_167\">income </span><span class=\"S3A8E SC4 S2\" id=\"tg_167\">Currency </span><span class=\"S3A8F SC4 S2\" id=\"th_167\">translation </span><span class=\"S3A90 SC4 S2\" id=\"ti_167\">differences </span><span class=\"S3A91 SC4 S2\" id=\"tj_167\">Fair value as </span><span class=\"S3A92 SC4 S2\" id=\"tk_167\">of </span><span class=\"S3A93 SC4 S2\" id=\"tl_167\">31.12.2022 </span><span class=\"S3A94 SC4 S2\" id=\"tm_167\">Financial instruments included in non-current receivables </span><span class=\"S3A95 SC5 S2\" id=\"tn_167\">Interest rate swap agreements </span><span class=\"S3A96 SC5 S2\" id=\"to_167\">9 121 </span><span class=\"S3A97 SC5 S2\" id=\"tp_167\">30 039 </span><span class=\"S3A98 SC5 S2\" id=\"tq_167\">39 160 </span><span class=\"S3A99 SC4 S2\" id=\"tr_167\">Total </span><span class=\"S3A9A SC4 S2\" id=\"ts_167\">9 121 </span><span class=\"S3A9B SC4 S2\" id=\"tt_167\">0 </span><span class=\"S3A9C SC4 S2\" id=\"tu_167\">30 039 </span><span class=\"S3A9D SC4 S2\" id=\"tv_167\">0 </span><span class=\"S3A9E SC4 S2\" id=\"tw_167\">39 160 </span><span class=\"S3A9F SC4 S2\" id=\"tx_167\">Financial instruments included in other current receivables </span><span class=\"S3AA0 SC5 S2\" id=\"ty_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3AA1 SC5 S2\" id=\"tz_167\">40 995 </span><span class=\"S3AA2 SC5 S2\" id=\"t10_167\">-37 056 </span><span class=\"S3AA3 SC5 S2\" id=\"t11_167\">3 939 </span><span class=\"S3AA4 SC5 S2\" id=\"t12_167\">Currency forward contracts - non-recognised hedge objects </span><span class=\"S3AA5 SC5 S2\" id=\"t13_167\">17 178 </span><span class=\"S3AA6 SC5 S2\" id=\"t14_167\">1 426 </span><span class=\"S3AA7 SC5 S2\" id=\"t15_167\">18 604 </span><span class=\"S3AA8 SC5 S2\" id=\"t16_167\">Bunker derivates </span><span class=\"S3AA9 SC5 S2\" id=\"t17_167\">1 497 </span><span class=\"S3AAA SC5 S2\" id=\"t18_167\">-1 497 </span><span class=\"S3AAB SC5 S2\" id=\"t19_167\">0 </span><span class=\"S3AAC SC5 S2\" id=\"t1a_167\">Fish Pool contracts </span><span class=\"S3AAD SC5 S2\" id=\"t1b_167\">1 836 </span><span class=\"S3AAE SC5 S2\" id=\"t1c_167\">-1 940 </span><span class=\"S3AAF SC5 S2\" id=\"t1d_167\">104 </span><span class=\"S3AB0 SC5 S2\" id=\"t1e_167\">0 </span><span class=\"S3AB1 SC4 S2\" id=\"t1f_167\">Total </span><span class=\"S3AB2 SC4 S2\" id=\"t1g_167\">61 506 </span><span class=\"S3AB3 SC4 S2\" id=\"t1h_167\">-35 630 </span><span class=\"S3AB4 SC4 S2\" id=\"t1i_167\">-3 437 </span><span class=\"S3AB5 SC4 S2\" id=\"t1j_167\">104 </span><span class=\"S3AB6 SC4 S2\" id=\"t1k_167\">22 544 </span><span class=\"S3AB7 SC4 S2\" id=\"t1l_167\">Financial instruments included in other short-term liabilities </span><span class=\"S3AB8 SC5 S2\" id=\"t1m_167\">Interest rate swap agreements </span><span class=\"S3AB9 SC5 S2\" id=\"t1n_167\">-577 </span><span class=\"S3ABA SC5 S2\" id=\"t1o_167\">577 </span><span class=\"S3ABB SC5 S2\" id=\"t1p_167\">0 </span><span class=\"S3ABC SC5 S2\" id=\"t1q_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3ABD SC5 S2\" id=\"t1r_167\">0 </span><span class=\"S3ABE SC5 S2\" id=\"t1s_167\">-5 812 </span><span class=\"S3ABF SC5 S2\" id=\"t1t_167\">-5 812 </span><span class=\"S3AC0 SC5 S2\" id=\"t1u_167\">Bunker derivates </span><span class=\"S3AC1 SC5 S2\" id=\"t1v_167\">0 </span><span class=\"S3AC2 SC5 S2\" id=\"t1w_167\">0 </span><span class=\"S3AC3 SC5 S2\" id=\"t1x_167\">0 </span><span class=\"S3AC4 SC5 S2\" id=\"t1y_167\">Fish Pool contracts </span><span class=\"S3AC5 SC5 S2\" id=\"t1z_167\">0 </span><span class=\"S3AC6 SC5 S2\" id=\"t20_167\">0 </span><span class=\"S3AC7 SC5 S2\" id=\"t21_167\">0 </span><span class=\"S3AC8 SC4 S2\" id=\"t22_167\">Total </span><span class=\"S3AC9 SC4 S2\" id=\"t23_167\">-577 </span><span class=\"S3ACA SC4 S2\" id=\"t24_167\">0 </span><span class=\"S3ACB SC4 S2\" id=\"t25_167\">-5 235 </span><span class=\"S3ACC SC4 S2\" id=\"t26_167\">0 </span><span class=\"S3ACD SC4 S2\" id=\"t27_167\">-5 812 </span><span class=\"S3ACE SC4 S2\" id=\"t28_167\">Net value before tax </span><span class=\"S3ACF SC4 S2\" id=\"t29_167\">70 051 </span><span class=\"S3AD0 SC4 S2\" id=\"t2a_167\">-35 630 </span><span class=\"S3AD1 SC4 S2\" id=\"t2b_167\">21 367 </span><span class=\"S3AD2 SC4 S2\" id=\"t2c_167\">104 </span><span class=\"S3AD3 SC4 S2\" id=\"t2d_167\">55 892 </span><span class=\"S3AD4 SAF1 S2\" id=\"t2e_167\">* Non-recognised hedge objects consist of binding sales contracts that are hedged (value hedges). Change in fair value on hedged risk in the </span><span class=\"S3AD5 SAF1 S2\" id=\"t2f_167\">hedged period is recognised through pro\ufb01t or loss. The change in fair value on the hedging instrument will have its opposite equal value as </span><span class=\"S3AD6 SAF1 S2\" id=\"t2g_167\">a short term receivable or as other short term debt, depending on positive or negative value on the instrument. Information on this will be </span><span class=\"S3AD7 SAF1 S2\" id=\"t2h_167\">included in either the note on receivables or other short-term debt, depending on positive or negative value in the instrument. </span><span class=\"S3AD8 SC4 S2\" id=\"t2i_167\">Changes in balance sheet values, net after tax </span><span class=\"S3AD9 SC4 S2\" id=\"t2j_167\">Fair value as </span><span class=\"S3ADA SC4 S2\" id=\"t2k_167\">of 01.01.2022 </span><span class=\"S3ADB SC4 S2\" id=\"t2l_167\">Fair value </span><span class=\"S3ADC SC4 S2\" id=\"t2m_167\">through pro\ufb01t </span><span class=\"S3ADD SC4 S2\" id=\"t2n_167\">or loss </span><span class=\"S3ADE SC4 S2\" id=\"t2o_167\">Fair value </span><span class=\"S3ADF SC4 S2\" id=\"t2p_167\">through other </span><span class=\"S3AE0 SC4 S2\" id=\"t2q_167\">comprehensive </span><span class=\"S3AE1 SC4 S2\" id=\"t2r_167\">income </span><span class=\"S3AE2 SC4 S2\" id=\"t2s_167\">Currency </span><span class=\"S3AE3 SC4 S2\" id=\"t2t_167\">translation </span><span class=\"S3AE4 SC4 S2\" id=\"t2u_167\">differences </span><span class=\"S3AE5 SC4 S2\" id=\"t2v_167\">Fair value as </span><span class=\"S3AE6 SC4 S2\" id=\"t2w_167\">of </span><span class=\"S3AE7 SC4 S2\" id=\"t2x_167\">31.12.2022 </span><span class=\"S3AE8 SC4 S2\" id=\"t2y_167\">Net value before tax </span><span class=\"S3AE9 SC4 S2\" id=\"t2z_167\">70 051 </span><span class=\"S3AEA SC4 S2\" id=\"t30_167\">-35 630 </span><span class=\"S3AEB SC4 S2\" id=\"t31_167\">21 367 </span><span class=\"S3AEC SC4 S2\" id=\"t32_167\">104 </span><span class=\"S3AED SC4 S2\" id=\"t33_167\">55 892 </span><span class=\"S3AEE SC4 S2\" id=\"t34_167\">Deferred tax asset (-) / liability (+), \ufb01nancial instruments </span><span class=\"S3AEF SC4 S2\" id=\"t35_167\">-15 270 </span><span class=\"S3AF0 SC4 S2\" id=\"t36_167\">7 839 </span><span class=\"S3AF1 SC4 S2\" id=\"t37_167\">-5 243 </span><span class=\"S3AF2 SC4 S2\" id=\"t38_167\">-28 </span><span class=\"S3AF3 SC4 S2\" id=\"t39_167\">-12 703 </span><span class=\"S3AF4 SC4 S2\" id=\"t3a_167\">Net value after tax </span><span class=\"S3AF5 SC4 S2\" id=\"t3b_167\">54 781 </span><span class=\"S3AF6 SC4 S2\" id=\"t3c_167\">-27 791 </span><span class=\"S3AF7 SC4 S2\" id=\"t3d_167\">16 124 </span><span class=\"S3AF8 SC4 S2\" id=\"t3e_167\">76 </span><span class=\"S3AF9 SC4 S2\" id=\"t3f_167\">43 189 </span><span class=\"S3AFA SC4 S2\" id=\"t3g_167\">Changes through OCI </span><span class=\"S3AFB SC4 S2\" id=\"t3h_167\">after tax, per type of instrument </span><span class=\"S3AFC SC4 S2\" id=\"t3i_167\">2022 </span><span class=\"S3AFD SC4 S2\" id=\"t3j_167\">2021 </span><span class=\"S3AFE SC5 S2\" id=\"t3k_167\">Changes interest rate swap agreements </span><span class=\"S3AFF SC5 S2\" id=\"t3l_167\">23 880 </span><span class=\"S3B00 SC5 S2\" id=\"t3m_167\">44 252 </span><span class=\"S3B01 SC5 S2\" id=\"t3n_167\">Changes currency forward contracts </span><span class=\"S3B02 SC5 S2\" id=\"t3o_167\">-4 940 </span><span class=\"S3B03 SC5 S2\" id=\"t3p_167\">0 </span><span class=\"S3B04 SC5 S2\" id=\"t3q_167\">Changes bunker derivatives </span><span class=\"S3B05 SC5 S2\" id=\"t3r_167\">-1 167 </span><span class=\"S3B06 SC5 S2\" id=\"t3s_167\">13 098 </span><span class=\"S3B07 SC5 S2\" id=\"t3t_167\">Changes Fish Pool contracts </span><span class=\"S3B08 SC5 S2\" id=\"t3u_167\">-1 649 </span><span class=\"S3B09 SC5 S2\" id=\"t3v_167\">5 408 </span><span class=\"S3B0A SC4 S2\" id=\"t3w_167\">Total (ref. Statement of comprehensive income) </span><span class=\"S3B0B SC4 S2\" id=\"t3x_167\">16 124 </span><span class=\"S3B0C SC4 S2\" id=\"t3y_167\">62 758 </span><span class=\"S3B0E SC7 S2\" id=\"t1_168\">Currency forward contracts </span><span class=\"S2199 SC8 S2\" id=\"t2_168\">The value of the Norwegian krone is </span><span class=\"S3B0F SC8 S2\" id=\"t3_168\">one of many parameters that have an </span><span class=\"S3B10 SC8 S2\" id=\"t4_168\">effect on the Group\u2019s competitiveness. </span><span class=\"S3B11 SC8 S2\" id=\"t5_168\">The Group has at all times a substantial </span><span class=\"S235A SC8 S2\" id=\"t6_168\">biomass in the sea that represents </span><span class=\"S1BA2 SC8 S2\" id=\"t7_168\">future sales. A signi\ufb01cant share of the </span><span class=\"S3B12 SC8 S2\" id=\"t8_168\">Group\u2019s revenue is generated in </span><span class=\"S3B13 SC8 S2\" id=\"t9_168\">currencies other than NOK. Revenue </span><span class=\"S3B14 SC8 S2\" id=\"ta_168\">by currency is presented in the note </span><span class=\"S3B15 SC8 S2\" id=\"tb_168\">on operating segments, and trade </span><span class=\"S1D5C SC8 S2\" id=\"tc_168\">receivables by currency is presented </span><span class=\"S3B16 SC8 S2\" id=\"td_168\">in the note on receivables. </span><span class=\"S3B17 SC8 S2\" id=\"te_168\">In order to minimize the currency risk </span><span class=\"S3B18 SC8 S2\" id=\"tf_168\">the Group uses currency forward </span><span class=\"S3B19 SC8 S2\" id=\"tg_168\">contracts to hedge both net </span><span class=\"S3B1A SC8 S2\" id=\"th_168\">receivables and signed sales </span><span class=\"S1BAD SC8 S2\" id=\"ti_168\">contracts in foreign currency. The </span><span class=\"S3B1B SC8 S2\" id=\"tj_168\">majority of the contracts have this </span><span class=\"S3B1C SC8 S2\" id=\"tk_168\">purpose. Thus the Group recognises </span><span class=\"S1FCD SC8 S2\" id=\"tl_168\">these currency forward contracts as </span><span class=\"S3B1D SC8 S2\" id=\"tm_168\">fair value hedging, also for the signed </span><span class=\"S3B1E SC8 S2\" id=\"tn_168\">sales contracts, which are off-balance </span><span class=\"S3B1F SC8 S2\" id=\"to_168\">items. The change in fair value on </span><span class=\"S1E73 SC8 S2\" id=\"tp_168\">currency forward contracts and </span><span class=\"S308E SC8 S2\" id=\"tq_168\">hedged foreign exchange gain/loss </span><span class=\"S3B20 SC8 S2\" id=\"tr_168\">on \ufb01rm commitments is recognized as </span><span class=\"S3090 SC8 S2\" id=\"ts_168\">foreign exchange gain/loss classi\ufb01ed </span><span class=\"S3B21 SC8 S2\" id=\"tt_168\">as cost of materials in the income </span><span class=\"S3B22 SC8 S2\" id=\"tu_168\">statement, as it relates to the </span><span class=\"S3B23 SC8 S2\" id=\"tv_168\">inventory cycle. </span><span class=\"S3B24 SC8 S2\" id=\"tw_168\">Some currency forward contracts are </span><span class=\"S3B25 SC8 S2\" id=\"tx_168\">acquired by foreign VAPS&amp;D entities </span><span class=\"S3B26 SC8 S2\" id=\"ty_168\">with the purpose of reducing the </span><span class=\"S3B27 SC8 S2\" id=\"tz_168\">currency risk related to external </span><span class=\"S3B28 SC8 S2\" id=\"t10_168\">purchases in NOK. The Group recognize </span><span class=\"S3B29 SC8 S2\" id=\"t11_168\">these currency forward contracts for </span><span class=\"S3B2A SC8 S2\" id=\"t12_168\">purchase contracts as a cash \ufb02ow </span><span class=\"S3B2B SC8 S2\" id=\"t13_168\">hedge. The effective share of the </span><span class=\"S3B2C SC8 S2\" id=\"t14_168\">change in value of the derivatives is </span><span class=\"S3B2D SC8 S2\" id=\"t15_168\">recorded through other comprehensive </span><span class=\"S1D7B SC8 S2\" id=\"t16_168\">income. The gross asset or liability </span><span class=\"S3B2E SC8 S2\" id=\"t17_168\">carried is a taxable temporary </span><span class=\"S3B2F SC8 S2\" id=\"t18_168\">difference. The change in deferred tax </span><span class=\"S3B30 SC8 S2\" id=\"t19_168\">caused by the change in gross carrying </span><span class=\"S3B31 SC8 S2\" id=\"t1a_168\">amount is also recorded through other </span><span class=\"S3B32 SC8 S2\" id=\"t1b_168\">comprehensive income, and is therefore </span><span class=\"S3B33 SC8 S2\" id=\"t1c_168\">not included in the tax cost for the year </span><span class=\"S3B34 SC8 S2\" id=\"t1d_168\">in the income statement. When realised, </span><span class=\"S3B35 SC8 S2\" id=\"t1e_168\">the effect is charged to cost of goods. </span><span class=\"S1FE9 SC7 S2\" id=\"t1f_168\">Financial purchase and sales </span><span class=\"S3B36 SC7 S2\" id=\"t1g_168\">contracts for salmon (Fish Pool </span><span class=\"S3B37 SC7 S2\" id=\"t1h_168\">contracts) </span><span class=\"S2108 SC8 S2\" id=\"t1i_168\">Hedge accounting is applied for the </span><span class=\"S3B38 SC8 S2\" id=\"t1j_168\">\ufb01nancial purchase and sales contracts </span><span class=\"S2DC8 SC8 S2\" id=\"t1k_168\">for salmon (Fish Pool contracts). </span><span class=\"S3096 SC8 S2\" id=\"t1l_168\">Normally, the contracts expire within </span><span class=\"S3B39 SC8 S2\" id=\"t1m_168\">one year. The fair value of the Fish Pool </span><span class=\"S3B3A SC8 S2\" id=\"t1n_168\">derivatives (gross before tax) is carried </span><span class=\"S3B3B SC8 S2\" id=\"t1o_168\">under the item for \u00abother current </span><span class=\"S3B3C SC8 S2\" id=\"t1p_168\">receivables\u00bb when positive and other </span><span class=\"S3B3D SC8 S2\" id=\"t1q_168\">short-term liabilities when negative. </span><span class=\"S3B3E SC8 S2\" id=\"t1r_168\">The effective share of the change in </span><span class=\"S3B3F SC8 S2\" id=\"t1s_168\">value of the derivatives is recorded </span><span class=\"S3B40 SC8 S2\" id=\"t1t_168\">through other comprehensive income </span><span class=\"S3B41 SC8 S2\" id=\"t1u_168\">(cash \ufb02ow hedging). The gross asset or </span><span class=\"S3B42 SC8 S2\" id=\"t1v_168\">liability carried is a taxable temporary </span><span class=\"S3B43 SC8 S2\" id=\"t1w_168\">difference. The change in deferred tax </span><span class=\"S3B44 SC8 S2\" id=\"t1x_168\">caused by the change in gross carrying </span><span class=\"S3B45 SC8 S2\" id=\"t1y_168\">amount is also recorded through other </span><span class=\"S3B46 SC8 S2\" id=\"t1z_168\">comprehensive income, and is therefore </span><span class=\"S3B47 SC8 S2\" id=\"t20_168\">not included in the tax cost for the year </span><span class=\"S3B48 SC8 S2\" id=\"t21_168\">in the income statement. When </span><span class=\"S3B49 SC8 S2\" id=\"t22_168\">realised, the effect is charged to cost </span><span class=\"S3B4A SC8 S2\" id=\"t23_168\">of goods. </span><span class=\"S3B4B SC7 S2\" id=\"t24_168\">Financial purchase contracts for </span><span class=\"S3B4C SC7 S2\" id=\"t25_168\">bunkers (bunker derivatives) </span><span class=\"S31AF SC8 S2\" id=\"t26_168\">Hedge accounting is applied for the </span><span class=\"S31B0 SC8 S2\" id=\"t27_168\">\ufb01nancial purchase contracts for </span><span class=\"S3B4D SC8 S2\" id=\"t28_168\">bunkers (bunker derivatives). Normally, </span><span class=\"S1F9F SC8 S2\" id=\"t29_168\">the contracts expire within one year. </span><span class=\"S3B4E SC8 S2\" id=\"t2a_168\">The fair value of the bunker derivatives </span><span class=\"S3B4F SC8 S2\" id=\"t2b_168\">(gross before tax) is carried under the </span><span class=\"S3B50 SC8 S2\" id=\"t2c_168\">item for \u00abother current receivables\u00bb </span><span class=\"S3B51 SC8 S2\" id=\"t2d_168\">when positive and other short-term </span><span class=\"S3B52 SC8 S2\" id=\"t2e_168\">liabilities when negative. The effective </span><span class=\"S3B53 SC8 S2\" id=\"t2f_168\">share of the change in value of the </span><span class=\"S20C8 SC8 S2\" id=\"t2g_168\">derivatives is recorded through other </span><span class=\"S3B54 SC8 S2\" id=\"t2h_168\">comprehensive income (cash \ufb02ow </span><span class=\"S1D3D SC8 S2\" id=\"t2i_168\">hedging). The gross asset or liability </span><span class=\"S1D3E SC8 S2\" id=\"t2j_168\">carried is a taxable temporary </span><span class=\"S3B55 SC8 S2\" id=\"t2k_168\">difference. The change in deferred </span><span class=\"S3B56 SC8 S2\" id=\"t2l_168\">tax caused by the change in gross </span><span class=\"S3B57 SC8 S2\" id=\"t2m_168\">carrying amount is also recorded </span><span class=\"S3B58 SC8 S2\" id=\"t2n_168\">through other comprehensive income, </span><span class=\"S3B59 SC8 S2\" id=\"t2o_168\">and is therefore not included in the </span><span class=\"S3B5A SC8 S2\" id=\"t2p_168\">tax cost for the year in the income </span><span class=\"S3B5B SC8 S2\" id=\"t2q_168\">statement. When realised, the effect </span><span class=\"S1EB6 SC8 S2\" id=\"t2r_168\">is charged to bunker cost, which is </span><span class=\"S3B5C SC8 S2\" id=\"t2s_168\">included in other operating expenses. </span><span class=\"S3B5D SC7 S2\" id=\"t2t_168\">Interest rate swaps </span><span class=\"S3B5E SC8 S2\" id=\"t2u_168\">Hedge accounting is applied for </span><span class=\"S3B5F SC8 S2\" id=\"t2v_168\">interest rate swaps. Normally, the </span><span class=\"S1BFF SC8 S2\" id=\"t2w_168\">contracts expire later than one year. </span><span class=\"S3B60 SC8 S2\" id=\"t2x_168\">The fair value of interest rate swaps </span><span class=\"S1D4E SC8 S2\" id=\"t2y_168\">(gross before tax) is carried as a non- </span><span class=\"S3B61 SC8 S2\" id=\"t2z_168\">current asset under the accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t30_168\">item for \u00abnon-current receivables\u00bb if </span><span class=\"S3B62 SC8 S2\" id=\"t31_168\">positive, and under the accounting </span><span class=\"S3B63 SC8 S2\" id=\"t32_168\">item for \u00abother long term liabilities\u00bb if </span><span class=\"S3B64 SC8 S2\" id=\"t33_168\">negative. If the agreement has a </span><span class=\"S1E32 SC8 S2\" id=\"t34_168\">remaining duration of less than one </span><span class=\"S3B65 SC8 S2\" id=\"t35_168\">year, the value is entered under </span><span class=\"S22FB SC8 S2\" id=\"t36_168\">\u00abother current receivables\u00bb if </span><span class=\"S3B66 SC8 S2\" id=\"t37_168\">positive, and under \u00abother short term </span><span class=\"S1CEB SC8 S2\" id=\"t38_168\">liabilities\u00bb if negative. The effective </span><span class=\"S3B67 SC8 S2\" id=\"t39_168\">share of the change in value of the </span><span class=\"S3B68 SC8 S2\" id=\"t3a_168\">interest rate swap is recorded </span><span class=\"S3B69 SC8 S2\" id=\"t3b_168\">through other comprehensive income </span><span class=\"S3B6A SC8 S2\" id=\"t3c_168\">(cash \ufb02ow hedging). The gross asset </span><span class=\"S1C0F SC8 S2\" id=\"t3d_168\">or liability carried is a taxable </span><span class=\"S1CF1 SC8 S2\" id=\"t3e_168\">temporary difference. The change in </span><span class=\"S3B6B SC8 S2\" id=\"t3f_168\">deferred tax caused by the change in </span><span class=\"S3B6C SC8 S2\" id=\"t3g_168\">gross carrying amount is also recorded </span><span class=\"S3B6D SC8 S2\" id=\"t3h_168\">through other comprehensive income, </span><span class=\"S3B6E SC8 S2\" id=\"t3i_168\">and is therefore not included in the </span><span class=\"S3B6F SC8 S2\" id=\"t3j_168\">tax cost for the year in the income </span><span class=\"S3B70 SC8 S2\" id=\"t3k_168\">statement. </span><span class=\"S3B71 S1C40 S2\" id=\"t3l_168\">At year-end, the Group had the </span><span class=\"S3B72 S1C40 S2\" id=\"t3m_168\">following interest rate swaps </span><span class=\"S3B73 S2197 S2\" id=\"t3n_168\">Agreement from 2020 </span><span class=\"S3B74 SC8 S2\" id=\"t3o_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B75 SC8 S2\" id=\"t3p_168\">Duration 7 years, Terminates 15 April </span><span class=\"S3B76 SC8 S2\" id=\"t3q_168\">2027, Interest rate 1.438%, in Ler\u00f8y </span><span class=\"S3B77 SC8 S2\" id=\"t3r_168\">Hav\ufb01sk AS. </span><span class=\"S3B78 S2197 S2\" id=\"t3s_168\">Agreement from 2020 </span><span class=\"S3B79 SC8 S2\" id=\"t3t_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B7A SC8 S2\" id=\"t3u_168\">Duration 7 years, Terminates </span><span class=\"S3B7B SC8 S2\" id=\"t3v_168\">15 April 2027, Interest rate 1.440%, </span><span class=\"S3B7C SC8 S2\" id=\"t3w_168\">in Ler\u00f8y Hav\ufb01sk AS. </span><span class=\"S2311 SC8 S2\" id=\"t3x_168\">Initial hedged amount on each of the </span><span class=\"S3B7D SC8 S2\" id=\"t3y_168\">two agreements in Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S3B7E SC8 S2\" id=\"t3z_168\">was NOK 370,313. The amount on the </span><span class=\"S1C26 SC8 S2\" id=\"t40_168\">interest rate swap decreases during </span><span class=\"S3B7F SC8 S2\" id=\"t41_168\">the life time to re\ufb02ect the instalments </span><span class=\"S3B80 SC8 S2\" id=\"t42_168\">paid on the hedged debt. </span><span class=\"S3B81 SC8 S2\" id=\"t43_168\">The periodic interest payments </span><span class=\"S1C2B SC8 S2\" id=\"t44_168\">related to the hedging instrument </span><span class=\"S3B82 SC8 S2\" id=\"t45_168\">(interest rate swaps) are calculated </span><span class=\"S1D0B SC8 S2\" id=\"t46_168\">as the difference between \ufb01xed and </span><span class=\"S3B83 SC8 S2\" id=\"t47_168\">\ufb02oating interest rate multiplied with </span><span class=\"S1E53 SC8 S2\" id=\"t48_168\">the nominal value of the agreement. </span><span class=\"S3B84 SC8 S2\" id=\"t49_168\">The \ufb01xed rate, expectations about </span><span class=\"S1E54 SC8 S2\" id=\"t4a_168\">the future \ufb02oating rate, and the </span><span class=\"S3B85 SC8 S2\" id=\"t4b_168\">remaining life time to expiry, are the </span><span class=\"S20A8 SC8 S2\" id=\"t4c_168\">most important parameters in the </span><span class=\"S3B86 SC8 S2\" id=\"t4d_168\">calculation of the fair value. The </span><span class=\"S1C35 SC8 S2\" id=\"t4e_168\">periodic interest payments related to </span><span class=\"S3B87 SC8 S2\" id=\"t4f_168\">the hedged item (the long term </span><span class=\"S3B88 SC8 S2\" id=\"t4g_168\">loans) are calculated as the \ufb02oating </span><span class=\"S3B89 SC8 S2\" id=\"t4h_168\">rate plus margin multiplied with the </span><span class=\"S3B8A SC8 S2\" id=\"t4i_168\">nominal value of the loan. </span><span class=\"S3B8B SC4 S2\" id=\"t1_169\">Change in value on interest rate swaps </span><span class=\"S18F0 SC4 S2\" id=\"t2_169\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_169\">2021 </span><span class=\"S3B8C SC4 S2\" id=\"t4_169\">Nominal value on interest rate swap agreements </span><span class=\"S3B8D SC5 S2\" id=\"t5_169\">Nominal amount 01.01 </span><span class=\"S3B8E SC5 S2\" id=\"t6_169\">1 184 375 </span><span class=\"S3B8F SC5 S2\" id=\"t7_169\">1 721 875 </span><span class=\"S3B90 SC5 S2\" id=\"t8_169\">Agreements expired during the period </span><span class=\"S3B91 SC5 S2\" id=\"t9_169\">-500 000 </span><span class=\"S3B92 SC5 S2\" id=\"ta_169\">-500 000 </span><span class=\"S18FB SC5 S2\" id=\"tb_169\">Change in nominal value on existing agreements </span><span class=\"S3B93 SC5 S2\" id=\"tc_169\">-37 500 </span><span class=\"S3B94 SC5 S2\" id=\"td_169\">-37 500 </span><span class=\"S3B95 SC4 S2\" id=\"te_169\">Nominal amount 31.12 </span><span class=\"S3B96 SC4 S2\" id=\"tf_169\">646 875 </span><span class=\"S3B97 SC4 S2\" id=\"tg_169\">1 184 375 </span><span class=\"S3B98 SC4 S2\" id=\"th_169\">Book value 01.01 </span><span class=\"S3B99 SC5 S2\" id=\"ti_169\">Fair value of interest rate swaps at 01.01 </span><span class=\"S3B9A SC5 S2\" id=\"tj_169\">8 544 </span><span class=\"S3B9B SC5 S2\" id=\"tk_169\">-48 189 </span><span class=\"S3B9C SC5 S2\" id=\"tl_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3B9D SC5 S2\" id=\"tm_169\">-1 880 </span><span class=\"S3B9E SC5 S2\" id=\"tn_169\">10 602 </span><span class=\"S3B9F SC4 S2\" id=\"to_169\">Net value after tax 01.01 </span><span class=\"S3BA0 SC4 S2\" id=\"tp_169\">6 665 </span><span class=\"S3BA1 SC4 S2\" id=\"tq_169\">-37 588 </span><span class=\"S3BA2 SC5 S2\" id=\"tr_169\">Tax rate applied </span><span class=\"S3BA3 SC5 S2\" id=\"ts_169\">22 % </span><span class=\"S3BA4 SC5 S2\" id=\"tt_169\">22 % </span><span class=\"S3BA5 SC4 S2\" id=\"tu_169\">Change through other comprehensive income </span><span class=\"S3BA6 SC5 S2\" id=\"tv_169\">Change in fair value of interest rate swaps </span><span class=\"S3BA7 SC5 S2\" id=\"tw_169\">30 616 </span><span class=\"S3BA8 SC5 S2\" id=\"tx_169\">56 733 </span><span class=\"S3BA9 SC5 S2\" id=\"ty_169\">Change in related deferred tax </span><span class=\"S3BAA SC5 S2\" id=\"tz_169\">-6 735 </span><span class=\"S3BAB SC5 S2\" id=\"t10_169\">-12 481 </span><span class=\"S3BAC SC4 S2\" id=\"t11_169\">Net change in fair value through other comprehensive income (cash \ufb02ow hedging) </span><span class=\"S3BAD SC4 S2\" id=\"t12_169\">23 880 </span><span class=\"S3BAE SC4 S2\" id=\"t13_169\">44 252 </span><span class=\"S3BAF SC5 S2\" id=\"t14_169\">Tax rate applied </span><span class=\"S3BB0 SC5 S2\" id=\"t15_169\">22 % </span><span class=\"S3BB1 SC5 S2\" id=\"t16_169\">22 % </span><span class=\"S3BB2 SC4 S2\" id=\"t17_169\">Book value 31.12 </span><span class=\"S3BB3 SC5 S2\" id=\"t18_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BB4 SC5 S2\" id=\"t19_169\">39 160 </span><span class=\"S3BB5 SC5 S2\" id=\"t1a_169\">8 544 </span><span class=\"S3BB6 SC5 S2\" id=\"t1b_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3BB7 SC5 S2\" id=\"t1c_169\">-8 615 </span><span class=\"S3BB8 SC5 S2\" id=\"t1d_169\">-1 880 </span><span class=\"S3BB9 SC4 S2\" id=\"t1e_169\">Net value after tax 31.12 </span><span class=\"S3BBA SC4 S2\" id=\"t1f_169\">30 545 </span><span class=\"S3BBB SC4 S2\" id=\"t1g_169\">6 665 </span><span class=\"S3BBC SC5 S2\" id=\"t1h_169\">Tax rate applied </span><span class=\"S3BBD SC5 S2\" id=\"t1i_169\">22 % </span><span class=\"S3BBE SC5 S2\" id=\"t1j_169\">22 % </span><span class=\"S3BBF SC4 S2\" id=\"t1k_169\">Fair value of interest rate swaps at 31.12 consist of </span><span class=\"S3BC0 SC5 S2\" id=\"t1l_169\">Long term receivables </span><span class=\"S3BC1 SC5 S2\" id=\"t1m_169\">39 160 </span><span class=\"S3BC2 SC5 S2\" id=\"t1n_169\">9 121 </span><span class=\"S3BC3 SC5 S2\" id=\"t1o_169\">Short term liability </span><span class=\"S3BC4 SC5 S2\" id=\"t1p_169\">0 </span><span class=\"S3BC5 SC5 S2\" id=\"t1q_169\">-577 </span><span class=\"S3BC6 SC4 S2\" id=\"t1r_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BC7 SC4 S2\" id=\"t1s_169\">39 160 </span><span class=\"S3BC8 SC4 S2\" id=\"t1t_169\">8 544 </span><span class=\"S3BCA SC7 S2\" id=\"t1_170\">Long-term debt </span><span class=\"S3BCB SC8 S2\" id=\"t2_170\">Debt is split on short-term and long- </span><span class=\"S318A SC8 S2\" id=\"t3_170\">term debt. Payments that matures </span><span class=\"S1B9F SC8 S2\" id=\"t4_170\">within 12 months from balance sheet </span><span class=\"S3BCC SC8 S2\" id=\"t5_170\">date is presented as short-term debt. </span><span class=\"S3BCD SC8 S2\" id=\"t6_170\">Both short-term and long-term debt </span><span class=\"S3BCE SC8 S2\" id=\"t7_170\">consist of interest bearing and non- </span><span class=\"S3457 SC8 S2\" id=\"t8_170\">interest bearing debt. Interest bearing </span><span class=\"S3BCF SC8 S2\" id=\"t9_170\">debt is an alternaltive performance </span><span class=\"S3BD0 SC8 S2\" id=\"ta_170\">measure (APM). The \ufb01gure consists of </span><span class=\"S1BD6 SC8 S2\" id=\"tb_170\">debt with the main purpose of </span><span class=\"S3BD1 SC8 S2\" id=\"tc_170\">providing \ufb01nancing to the group, </span><span class=\"S3459 SC8 S2\" id=\"td_170\">together with equity. The items </span><span class=\"S3BD2 SC8 S2\" id=\"te_170\">included are speci\ufb01ed below. It is also </span><span class=\"S3BD3 SC8 S2\" id=\"tf_170\">further described in the section about </span><span class=\"S3BD4 SC8 S2\" id=\"tg_170\">net interest bearing debt (NIBD) in the </span><span class=\"S3BD5 SC8 S2\" id=\"th_170\">note on alternative performance </span><span class=\"S3BD6 SC8 S2\" id=\"ti_170\">measures. </span><span class=\"S3BD7 SC4 S2\" id=\"tj_170\">2022 </span><span class=\"S3BD8 SC4 S2\" id=\"tk_170\">2021 </span><span class=\"S3BD9 SC4 S2\" id=\"tl_170\">Long-term debt as of 31.12 </span><span class=\"S3BDA SC4 S2\" id=\"tm_170\">Included </span><span class=\"S3BDB SC4 S2\" id=\"tn_170\">in interest </span><span class=\"S3BDC SC4 S2\" id=\"to_170\">bearing debt </span><span class=\"S3BDD SC4 S2\" id=\"tp_170\">Short-term </span><span class=\"S3BDE SC4 S2\" id=\"tq_170\">portion </span><span class=\"S3BDF SC4 S2\" id=\"tr_170\">Long-term </span><span class=\"S3BE0 SC4 S2\" id=\"ts_170\">portion </span><span class=\"S3BE1 SC4 S2\" id=\"tt_170\">Total </span><span class=\"S3BE2 SC4 S2\" id=\"tu_170\">Short-term </span><span class=\"S3BE3 SC4 S2\" id=\"tv_170\">portion </span><span class=\"S3BE4 SC4 S2\" id=\"tw_170\">Long-term </span><span class=\"S3BE5 SC4 S2\" id=\"tx_170\">portion </span><span class=\"S3BE6 SC4 S2\" id=\"ty_170\">Total </span><span class=\"S3BE7 SC5 S2\" id=\"tz_170\">Pension liabilities </span><span class=\"S3BE8 SC5 S2\" id=\"t10_170\">0 </span><span class=\"S3BE9 SC5 S2\" id=\"t11_170\">3 029 </span><span class=\"S3BEA SC4 S2\" id=\"t12_170\">3 029 </span><span class=\"S3BEB SC5 S2\" id=\"t13_170\">0 </span><span class=\"S3BEC SC5 S2\" id=\"t14_170\">3 393 </span><span class=\"S3BED SC4 S2\" id=\"t15_170\">3 393 </span><span class=\"S3BEE SC5 S2\" id=\"t16_170\">Deferred tax </span><span class=\"S3BEF SC5 S2\" id=\"t17_170\">0 </span><span class=\"S3BF0 SC5 S2\" id=\"t18_170\">2 576 287 </span><span class=\"S3BF1 SC4 S2\" id=\"t19_170\">2 576 287 </span><span class=\"S3BF2 SC5 S2\" id=\"t1a_170\">0 </span><span class=\"S3BF3 SC5 S2\" id=\"t1b_170\">2 575 120 </span><span class=\"S3BF4 SC4 S2\" id=\"t1c_170\">2 575 120 </span><span class=\"S3BF5 SC5 S2\" id=\"t1d_170\">Lease liabilities to others </span><span class=\"S3BF6 SC5 S2\" id=\"t1e_170\">269 614 </span><span class=\"S3BF7 SC5 S2\" id=\"t1f_170\">1 272 906 </span><span class=\"S3BF8 SC4 S2\" id=\"t1g_170\">1 542 520 </span><span class=\"S3BF9 SC5 S2\" id=\"t1h_170\">231 479 </span><span class=\"S3BFA SC5 S2\" id=\"t1i_170\">1 091 062 </span><span class=\"S3BFB SC4 S2\" id=\"t1j_170\">1 322 541 </span><span class=\"S3BFC SC5 S2\" id=\"t1k_170\">Lease liabilities to credit institutions </span><span class=\"S3BFD SC4 S2\" id=\"t1l_170\">Yes </span><span class=\"S3BFE SC5 S2\" id=\"t1m_170\">332 514 </span><span class=\"S3BFF SC5 S2\" id=\"t1n_170\">881 201 </span><span class=\"S3C00 SC4 S2\" id=\"t1o_170\">1 213 715 </span><span class=\"S3C01 SC5 S2\" id=\"t1p_170\">246 755 </span><span class=\"S3C02 SC5 S2\" id=\"t1q_170\">989 773 </span><span class=\"S3C03 SC4 S2\" id=\"t1r_170\">1 236 528 </span><span class=\"S3C04 SC5 S2\" id=\"t1s_170\">Bond loans </span><span class=\"S3C05 SC4 S2\" id=\"t1t_170\">Yes </span><span class=\"S3C06 SC5 S2\" id=\"t1u_170\">0 </span><span class=\"S3C07 SC5 S2\" id=\"t1v_170\">1 493 656 </span><span class=\"S3C08 SC4 S2\" id=\"t1w_170\">1 493 656 </span><span class=\"S3C09 SC5 S2\" id=\"t1x_170\">0 </span><span class=\"S3C0A SC5 S2\" id=\"t1y_170\">1 492 431 </span><span class=\"S3C0B SC4 S2\" id=\"t1z_170\">1 492 431 </span><span class=\"S3C0C SC5 S2\" id=\"t20_170\">Loans from credit institutions </span><span class=\"S3C0D SC4 S2\" id=\"t21_170\">Yes </span><span class=\"S3C0E SC5 S2\" id=\"t22_170\">395 591 </span><span class=\"S3C0F SC5 S2\" id=\"t23_170\">3 441 073 </span><span class=\"S3C10 SC4 S2\" id=\"t24_170\">3 836 664 </span><span class=\"S3C11 SC5 S2\" id=\"t25_170\">351 592 </span><span class=\"S3C12 SC5 S2\" id=\"t26_170\">3 835 289 </span><span class=\"S3C13 SC4 S2\" id=\"t27_170\">4 186 882 </span><span class=\"S3C14 SC5 S2\" id=\"t28_170\">Other long-term loans </span><span class=\"S3C15 SC4 S2\" id=\"t29_170\">Yes </span><span class=\"S3C16 SC5 S2\" id=\"t2a_170\">1 486 </span><span class=\"S3C17 SC5 S2\" id=\"t2b_170\">659 </span><span class=\"S3C18 SC4 S2\" id=\"t2c_170\">2 145 </span><span class=\"S3C19 SC5 S2\" id=\"t2d_170\">1 513 </span><span class=\"S3C1A SC5 S2\" id=\"t2e_170\">889 </span><span class=\"S3C1B SC4 S2\" id=\"t2f_170\">2 402 </span><span class=\"S3C1C SC5 S2\" id=\"t2g_170\">Other long-term liabilities </span><span class=\"S3C1D SC5 S2\" id=\"t2h_170\">0 </span><span class=\"S3C1E SC5 S2\" id=\"t2i_170\">5 678 </span><span class=\"S3C1F SC4 S2\" id=\"t2j_170\">5 678 </span><span class=\"S3C20 SC5 S2\" id=\"t2k_170\">4 030 </span><span class=\"S3C21 SC5 S2\" id=\"t2l_170\">6 225 </span><span class=\"S3C22 SC4 S2\" id=\"t2m_170\">10 255 </span><span class=\"S3C23 SC4 S2\" id=\"t2n_170\">Total </span><span class=\"S3C24 SC4 S2\" id=\"t2o_170\">999 206 </span><span class=\"S3C25 SC4 S2\" id=\"t2p_170\">9 674 488 </span><span class=\"S3C26 SC4 S2\" id=\"t2q_170\">10 673 694 </span><span class=\"S3C27 SC4 S2\" id=\"t2r_170\">835 369 </span><span class=\"S3C28 SC4 S2\" id=\"t2s_170\">9 994 183 </span><span class=\"S3C29 SC4 S2\" id=\"t2t_170\">10 829 552 </span><span class=\"S3C2A SC4 S2\" id=\"t2u_170\">Herby interest bearing debt (of long-term debt) </span><span class=\"S3C2B SC4 S2\" id=\"t2v_170\">729 591 </span><span class=\"S3C2C SC4 S2\" id=\"t2w_170\">5 816 589 </span><span class=\"S3C2D SC4 S2\" id=\"t2x_170\">6 546 180 </span><span class=\"S3C2E SC4 S2\" id=\"t2y_170\">599 860 </span><span class=\"S3C2F SC4 S2\" id=\"t2z_170\">6 318 383 </span><span class=\"S3C30 SC4 S2\" id=\"t30_170\">6 918 243 </span><span class=\"S1AF8 SC5 S2\" id=\"t31_170\">For further description of the basis for classifying debt as interest bearing, see note on alternative performance measures. </span><span class=\"S3C31 SC5 S2\" id=\"t32_170\">Pension liabilities is considered to be long-term only, and is further described in note on pension liabilities. </span><span class=\"S3C32 SC5 S2\" id=\"t33_170\">Deferred tax is considered to be long-term only, and is further described in note on tax </span><span class=\"S3C33 SC5 S2\" id=\"t34_170\">Lease liabilities is further described in note on leases. Payment pro\ufb01le is described below. </span><span class=\"S3C34 SC5 S2\" id=\"t35_170\">Bond loans is described below. </span><span class=\"S3C35 SC5 S2\" id=\"t36_170\">Loans from credit institutions is described below. </span><span class=\"S3C36 SC5 S2\" id=\"t37_170\">Other long-term loans are loans from suppliers. </span><span class=\"S3C37 SC5 S2\" id=\"t38_170\">Other long-term liabilities concerns mainly non-interest bearing long term credit with supplier. </span><span class=\"S2168 SC7 S2\" id=\"t1_171\">Interest bearing debt and net interest </span><span class=\"S3C3A SC7 S2\" id=\"t2_171\">bearing debt (NIBD) </span><span class=\"S3C3B SC8 S2\" id=\"t3_171\">In the table below also current </span><span class=\"S3C3C SC8 S2\" id=\"t4_171\">interest bearing debt are included. </span><span class=\"S3C3D SC8 S2\" id=\"t5_171\">Total interest bearing debt consists </span><span class=\"S3C3E SC8 S2\" id=\"t6_171\">of both long-term and short-term </span><span class=\"S3C3F SC8 S2\" id=\"t7_171\">items. Total interest bearing debt is </span><span class=\"S3C40 SC8 S2\" id=\"t8_171\">speci\ufb01ed by currency below. Bank </span><span class=\"S3C41 SC8 S2\" id=\"t9_171\">deposits are interest bearing. Net </span><span class=\"S3015 SC8 S2\" id=\"ta_171\">interest bearing debt (NIBD) is </span><span class=\"S3C42 SC8 S2\" id=\"tb_171\">de\ufb01ned as interest bearing debt </span><span class=\"S1F23 SC8 S2\" id=\"tc_171\">minus bank deposits. Changes in </span><span class=\"S1D8D SC8 S2\" id=\"td_171\">NIBD during the year is presented in </span><span class=\"S3C43 SC8 S2\" id=\"te_171\">a table below. NIBD is explained in </span><span class=\"S3C44 SC8 S2\" id=\"tf_171\">more detail in note on APMs. </span><span class=\"S3C45 SC4 S2\" id=\"tg_171\">2022 </span><span class=\"S3C46 SC4 S2\" id=\"th_171\">2021 </span><span class=\"S3C47 SC4 S2\" id=\"ti_171\">Interest bearing debt as of 31.12 </span><span class=\"S3C48 SC4 S2\" id=\"tj_171\">Short-term </span><span class=\"S3C49 SC4 S2\" id=\"tk_171\">portion </span><span class=\"S3C4A SC4 S2\" id=\"tl_171\">Long-term </span><span class=\"S3C4B SC4 S2\" id=\"tm_171\">portion </span><span class=\"S3C4C SC4 S2\" id=\"tn_171\">Total </span><span class=\"S3C4D SC4 S2\" id=\"to_171\">Short-term </span><span class=\"S3C4E SC4 S2\" id=\"tp_171\">portion </span><span class=\"S3C4F SC4 S2\" id=\"tq_171\">Long-term </span><span class=\"S3C50 SC4 S2\" id=\"tr_171\">portion </span><span class=\"S3C51 SC4 S2\" id=\"ts_171\">Total </span><span class=\"S3C52 SC4 S2\" id=\"tt_171\">Long-term interest bearing debt </span><span class=\"S3C53 SC5 S2\" id=\"tu_171\">Lease liabilities to credit institutions </span><span class=\"S3C54 SC5 S2\" id=\"tv_171\">332 514 </span><span class=\"S3C55 SC5 S2\" id=\"tw_171\">881 201 </span><span class=\"S3C56 SC4 S2\" id=\"tx_171\">1 213 715 </span><span class=\"S3C57 SC5 S2\" id=\"ty_171\">246 755 </span><span class=\"S3C58 SC5 S2\" id=\"tz_171\">989 773 </span><span class=\"S3C59 SC4 S2\" id=\"t10_171\">1 236 528 </span><span class=\"S3C5A SC5 S2\" id=\"t11_171\">Bond loans </span><span class=\"S3C5B SC5 S2\" id=\"t12_171\">0 </span><span class=\"S3C5C SC5 S2\" id=\"t13_171\">1 493 656 </span><span class=\"S3C5D SC4 S2\" id=\"t14_171\">1 493 656 </span><span class=\"S3C5E SC5 S2\" id=\"t15_171\">0 </span><span class=\"S3C5F SC5 S2\" id=\"t16_171\">1 492 431 </span><span class=\"S3C60 SC4 S2\" id=\"t17_171\">1 492 431 </span><span class=\"S3C61 SC5 S2\" id=\"t18_171\">Loans from credit institutions </span><span class=\"S3C62 SC5 S2\" id=\"t19_171\">395 591 </span><span class=\"S3C63 SC5 S2\" id=\"t1a_171\">3 441 073 </span><span class=\"S3C64 SC4 S2\" id=\"t1b_171\">3 836 664 </span><span class=\"S3C65 SC5 S2\" id=\"t1c_171\">351 592 </span><span class=\"S3C66 SC5 S2\" id=\"t1d_171\">3 835 289 </span><span class=\"S3C67 SC4 S2\" id=\"t1e_171\">4 186 882 </span><span class=\"S3C68 SC5 S2\" id=\"t1f_171\">Other long-term loans </span><span class=\"S3C69 SC5 S2\" id=\"t1g_171\">1 486 </span><span class=\"S3C6A SC5 S2\" id=\"t1h_171\">659 </span><span class=\"S3C6B SC4 S2\" id=\"t1i_171\">2 145 </span><span class=\"S3C6C SC5 S2\" id=\"t1j_171\">1 513 </span><span class=\"S3C6D SC5 S2\" id=\"t1k_171\">889 </span><span class=\"S3C6E SC4 S2\" id=\"t1l_171\">2 402 </span><span class=\"S3C6F SC4 S2\" id=\"t1m_171\">Total </span><span class=\"S3C70 SC4 S2\" id=\"t1n_171\">729 591 </span><span class=\"S3C71 SC4 S2\" id=\"t1o_171\">5 816 589 </span><span class=\"S3C72 SC4 S2\" id=\"t1p_171\">6 546 180 </span><span class=\"S3C73 SC4 S2\" id=\"t1q_171\">599 860 </span><span class=\"S3C74 SC4 S2\" id=\"t1r_171\">6 318 383 </span><span class=\"S3C75 SC4 S2\" id=\"t1s_171\">6 918 243 </span><span class=\"S3C76 SC4 S2\" id=\"t1t_171\">Short-term interest bearing debt </span><span class=\"S3C77 SC5 S2\" id=\"t1u_171\">Overdrafts </span><span class=\"S3C78 SC5 S2\" id=\"t1v_171\">1 064 097 </span><span class=\"S3C79 SC4 S2\" id=\"t1w_171\">1 064 097 </span><span class=\"S3C7A SC5 S2\" id=\"t1x_171\">540 933 </span><span class=\"S3C7B SC4 S2\" id=\"t1y_171\">540 933 </span><span class=\"S3C7C SC5 S2\" id=\"t1z_171\">Other short term credits </span><span class=\"S3C7D SC5 S2\" id=\"t20_171\">40 683 </span><span class=\"S3C7E SC4 S2\" id=\"t21_171\">40 683 </span><span class=\"S3C7F SC5 S2\" id=\"t22_171\">41 457 </span><span class=\"S3C80 SC4 S2\" id=\"t23_171\">41 457 </span><span class=\"S3C81 SC4 S2\" id=\"t24_171\">Total </span><span class=\"S3C82 SC4 S2\" id=\"t25_171\">1 104 780 </span><span class=\"S3C83 SC4 S2\" id=\"t26_171\">1 104 780 </span><span class=\"S3C84 SC4 S2\" id=\"t27_171\">582 390 </span><span class=\"S3C85 SC4 S2\" id=\"t28_171\">582 390 </span><span class=\"S3C86 SC4 S2\" id=\"t29_171\">Total </span><span class=\"S3C87 SC4 S2\" id=\"t2a_171\">1 834 371 </span><span class=\"S3C88 SC4 S2\" id=\"t2b_171\">5 816 589 </span><span class=\"S3C89 SC4 S2\" id=\"t2c_171\">7 650 960 </span><span class=\"S3C8A SC4 S2\" id=\"t2d_171\">1 182 250 </span><span class=\"S3C8B SC4 S2\" id=\"t2e_171\">6 318 383 </span><span class=\"S3C8C SC4 S2\" id=\"t2f_171\">7 500 632 </span><span class=\"S3C8D SC4 S2\" id=\"t2g_171\">Interest bearing debt as of 31.12 by currency </span><span class=\"S3C8E SC5 S2\" id=\"t2h_171\">NOK </span><span class=\"S3C8F SC5 S2\" id=\"t2i_171\">1 396 041 </span><span class=\"S3C90 SC5 S2\" id=\"t2j_171\">5 578 405 </span><span class=\"S3C91 SC4 S2\" id=\"t2k_171\">6 974 446 </span><span class=\"S3C92 SC5 S2\" id=\"t2l_171\">933 368 </span><span class=\"S3C93 SC5 S2\" id=\"t2m_171\">6 058 999 </span><span class=\"S3C94 SC4 S2\" id=\"t2n_171\">6 992 367 </span><span class=\"S3C95 SC5 S2\" id=\"t2o_171\">SEK </span><span class=\"S3C96 SC5 S2\" id=\"t2p_171\">63 788 </span><span class=\"S3C97 SC5 S2\" id=\"t2q_171\">47 685 </span><span class=\"S3C98 SC4 S2\" id=\"t2r_171\">111 474 </span><span class=\"S3C99 SC5 S2\" id=\"t2s_171\">55 373 </span><span class=\"S3C9A SC5 S2\" id=\"t2t_171\">53 907 </span><span class=\"S3C9B SC4 S2\" id=\"t2u_171\">109 280 </span><span class=\"S3C9C SC5 S2\" id=\"t2v_171\">DKK </span><span class=\"S3C9D SC5 S2\" id=\"t2w_171\">200 808 </span><span class=\"S3C9E SC5 S2\" id=\"t2x_171\">16 490 </span><span class=\"S3C9F SC4 S2\" id=\"t2y_171\">217 299 </span><span class=\"S3CA0 SC5 S2\" id=\"t2z_171\">109 232 </span><span class=\"S3CA1 SC5 S2\" id=\"t30_171\">27 387 </span><span class=\"S3CA2 SC4 S2\" id=\"t31_171\">136 618 </span><span class=\"S3CA3 SC5 S2\" id=\"t32_171\">EUR </span><span class=\"S3CA4 SC5 S2\" id=\"t33_171\">173 502 </span><span class=\"S3CA5 SC5 S2\" id=\"t34_171\">174 008 </span><span class=\"S3CA6 SC4 S2\" id=\"t35_171\">347 510 </span><span class=\"S3CA7 SC5 S2\" id=\"t36_171\">83 469 </span><span class=\"S3CA8 SC5 S2\" id=\"t37_171\">174 060 </span><span class=\"S3CA9 SC4 S2\" id=\"t38_171\">257 529 </span><span class=\"S3CAA SC5 S2\" id=\"t39_171\">Other currencies </span><span class=\"S3CAB SC5 S2\" id=\"t3a_171\">232 </span><span class=\"S3CAC SC5 S2\" id=\"t3b_171\">0 </span><span class=\"S3CAD SC4 S2\" id=\"t3c_171\">232 </span><span class=\"S3CAE SC5 S2\" id=\"t3d_171\">808 </span><span class=\"S3CAF SC5 S2\" id=\"t3e_171\">4 030 </span><span class=\"S3CB0 SC4 S2\" id=\"t3f_171\">4 838 </span><span class=\"S3CB1 SC4 S2\" id=\"t3g_171\">Total </span><span class=\"S3CB2 SC4 S2\" id=\"t3h_171\">1 834 371 </span><span class=\"S3CB3 SC4 S2\" id=\"t3i_171\">5 816 589 </span><span class=\"S3CB4 SC4 S2\" id=\"t3j_171\">7 650 960 </span><span class=\"S3CB5 SC4 S2\" id=\"t3k_171\">1 182 250 </span><span class=\"S3CB6 SC4 S2\" id=\"t3l_171\">6 318 383 </span><span class=\"S3CB7 SC4 S2\" id=\"t3m_171\">7 500 632 </span><span class=\"S3CB8 SC4 S2\" id=\"t3n_171\">Net interest bearing debt (NIBD) as of 31.12 </span><span class=\"S3CB9 SC5 S2\" id=\"t3o_171\">Interest bearing debt </span><span class=\"S3CBA SC5 S2\" id=\"t3p_171\">1 834 371 </span><span class=\"S3CBB SC5 S2\" id=\"t3q_171\">5 816 589 </span><span class=\"S3CBC SC4 S2\" id=\"t3r_171\">7 650 960 </span><span class=\"S3CBD SC5 S2\" id=\"t3s_171\">1 182 250 </span><span class=\"S3CBE SC5 S2\" id=\"t3t_171\">6 318 383 </span><span class=\"S3CBF SC4 S2\" id=\"t3u_171\">7 500 632 </span><span class=\"S3CC0 SC5 S2\" id=\"t3v_171\">Bank deposits </span><span class=\"S3CC1 SC5 S2\" id=\"t3w_171\">-3 304 878 </span><span class=\"S3CC2 SC4 S2\" id=\"t3x_171\">-3 304 878 </span><span class=\"S3CC3 SC5 S2\" id=\"t3y_171\">-4 203 147 </span><span class=\"S3CC4 SC4 S2\" id=\"t3z_171\">-4 203 147 </span><span class=\"S3CC5 SC4 S2\" id=\"t40_171\">NIBD </span><span class=\"S3CC6 SC4 S2\" id=\"t41_171\">-1 470 507 </span><span class=\"S3CC7 SC4 S2\" id=\"t42_171\">5 816 589 </span><span class=\"S3CC8 SC4 S2\" id=\"t43_171\">4 346 082 </span><span class=\"S3CC9 SC4 S2\" id=\"t44_171\">-3 020 897 </span><span class=\"S3CCA SC4 S2\" id=\"t45_171\">6 318 383 </span><span class=\"S3CCB SC4 S2\" id=\"t46_171\">3 297 485 </span><span class=\"S3CCD SC4 S2\" id=\"t1_172\">Assets </span><span class=\"S3CCE SC4 S2\" id=\"t2_172\">Current debt </span><span class=\"S3CCF SC4 S2\" id=\"t3_172\">Non-current debt incl. ST-portion </span><span class=\"S3CD0 SC4 S2\" id=\"t4_172\">Reconciliation of changes in NIBD </span><span class=\"S3CD1 SC4 S2\" id=\"t5_172\">Bank </span><span class=\"S3CD2 SC4 S2\" id=\"t6_172\">deposits </span><span class=\"S3CD3 SC4 S2\" id=\"t7_172\">Overdrafts </span><span class=\"S3CD4 SC4 S2\" id=\"t8_172\">and other </span><span class=\"S3CD5 SC4 S2\" id=\"t9_172\">short term </span><span class=\"S3CD6 SC4 S2\" id=\"ta_172\">credit </span><span class=\"S3CD7 SC4 S2\" id=\"tb_172\">Bond loans </span><span class=\"S3CD8 SC4 S2\" id=\"tc_172\">Loans from </span><span class=\"S3CD9 SC4 S2\" id=\"td_172\">credit inst. </span><span class=\"S3CDA SC4 S2\" id=\"te_172\">Leases </span><span class=\"S3CDB SC4 S2\" id=\"tf_172\">from credit </span><span class=\"S3CDC SC4 S2\" id=\"tg_172\">inst. </span><span class=\"S3CDD SC4 S2\" id=\"th_172\">Other </span><span class=\"S3CDE SC4 S2\" id=\"ti_172\">loans </span><span class=\"S3CDF SC4 S2\" id=\"tj_172\">Total </span><span class=\"S3CE0 SC4 S2\" id=\"tk_172\">NIBD as of 01.01.2021 </span><span class=\"S3CE1 SC4 S2\" id=\"tl_172\">-2 966 409 </span><span class=\"S3CE2 SC4 S2\" id=\"tm_172\">815 120 </span><span class=\"S3CE3 SC4 S2\" id=\"tn_172\">0 </span><span class=\"S3CE4 SC4 S2\" id=\"to_172\">4 389 042 </span><span class=\"S3CE5 SC4 S2\" id=\"tp_172\">1 280 249 </span><span class=\"S3CE6 SC4 S2\" id=\"tq_172\">2 765 </span><span class=\"S3CE7 SC4 S2\" id=\"tr_172\">3 520 768 </span><span class=\"S3CE8 SC5 S2\" id=\"ts_172\">Change in bank deposits </span><span class=\"S3CE9 SC5 S2\" id=\"tt_172\">-1 232 908 </span><span class=\"S3CEA SC4 S2\" id=\"tu_172\">-1 232 908 </span><span class=\"S3CEB SC5 S2\" id=\"tv_172\">Cash \ufb02ows - in </span><span class=\"S3CEC SC5 S2\" id=\"tw_172\">1 500 000 </span><span class=\"S3CED SC5 S2\" id=\"tx_172\">671 814 </span><span class=\"S3CEE SC4 S2\" id=\"ty_172\">2 171 814 </span><span class=\"S3CEF SC5 S2\" id=\"tz_172\">Cash \ufb02ows - out </span><span class=\"S3CF0 SC5 S2\" id=\"t10_172\">-359 069 </span><span class=\"S3CF1 SC5 S2\" id=\"t11_172\">-7 875 </span><span class=\"S3CF2 SC5 S2\" id=\"t12_172\">-925 784 </span><span class=\"S3CF3 SC5 S2\" id=\"t13_172\">-249 877 </span><span class=\"S3CF4 SC5 S2\" id=\"t14_172\">-288 </span><span class=\"S3CF5 SC4 S2\" id=\"t15_172\">-1 542 893 </span><span class=\"S3CF6 SC5 S2\" id=\"t16_172\">Business combinations </span><span class=\"S3CF7 SC5 S2\" id=\"t17_172\">-3 829 </span><span class=\"S3CF8 SC5 S2\" id=\"t18_172\">126 339 </span><span class=\"S3CF9 SC5 S2\" id=\"t19_172\">63 547 </span><span class=\"S3CFA SC5 S2\" id=\"t1a_172\">6 890 </span><span class=\"S3CFB SC4 S2\" id=\"t1b_172\">192 947 </span><span class=\"S3CFC SC5 S2\" id=\"t1c_172\">New leases from credit institutions </span><span class=\"S3CFD SC5 S2\" id=\"t1d_172\">245 020 </span><span class=\"S3CFE SC4 S2\" id=\"t1e_172\">245 020 </span><span class=\"S3CFF SC5 S2\" id=\"t1f_172\">Terminated leases with credit institutions </span><span class=\"S3D00 SC5 S2\" id=\"t1g_172\">-37 618 </span><span class=\"S3D01 SC4 S2\" id=\"t1h_172\">-37 618 </span><span class=\"S3D02 SC5 S2\" id=\"t1i_172\">Currency translation differences </span><span class=\"S3D03 SC5 S2\" id=\"t1j_172\">-6 698 </span><span class=\"S3D04 SC5 S2\" id=\"t1k_172\">-8 136 </span><span class=\"S3D05 SC5 S2\" id=\"t1l_172\">-76 </span><span class=\"S3D06 SC4 S2\" id=\"t1m_172\">-14 910 </span><span class=\"S3D07 SC5 S2\" id=\"t1n_172\">Currency gain/loss on NIBD items in foreign </span><span class=\"S3D08 SC5 S2\" id=\"t1o_172\">currency </span><span class=\"S3D09 SC5 S2\" id=\"t1p_172\">-5 039 </span><span class=\"S3D0A SC4 S2\" id=\"t1q_172\">-5 039 </span><span class=\"S3D0B SC5 S2\" id=\"t1r_172\">Other non-cash movements </span><span class=\"S3D0C SC5 S2\" id=\"t1s_172\">306 </span><span class=\"S3D0D SC4 S2\" id=\"t1t_172\">306 </span><span class=\"S3D0E SC4 S2\" id=\"t1u_172\">NIBD as of 31.12.2021 </span><span class=\"S3D0F SC4 S2\" id=\"t1v_172\">-4 203 146 </span><span class=\"S3D10 SC4 S2\" id=\"t1w_172\">582 390 </span><span class=\"S3D11 SC4 S2\" id=\"t1x_172\">1 492 431 </span><span class=\"S3D12 SC4 S2\" id=\"t1y_172\">4 186 882 </span><span class=\"S3D13 SC4 S2\" id=\"t1z_172\">1 236 528 </span><span class=\"S3D14 SC4 S2\" id=\"t20_172\">2 402 </span><span class=\"S3D15 SC4 S2\" id=\"t21_172\">3 297 487 </span><span class=\"S3D16 SC5 S2\" id=\"t22_172\">Change in bank deposits </span><span class=\"S3D17 SC5 S2\" id=\"t23_172\">898 491 </span><span class=\"S3D18 SC4 S2\" id=\"t24_172\">898 491 </span><span class=\"S3D19 SC5 S2\" id=\"t25_172\">Cash \ufb02ows - in </span><span class=\"S3D1A SC5 S2\" id=\"t26_172\">522 390 </span><span class=\"S3D1B SC5 S2\" id=\"t27_172\">264 </span><span class=\"S3D1C SC4 S2\" id=\"t28_172\">522 654 </span><span class=\"S3D1D SC5 S2\" id=\"t29_172\">Cash \ufb02ows - out </span><span class=\"S3D1E SC5 S2\" id=\"t2a_172\">-354 313 </span><span class=\"S3D1F SC5 S2\" id=\"t2b_172\">-260 269 </span><span class=\"S3D20 SC5 S2\" id=\"t2c_172\">-324 </span><span class=\"S3D21 SC4 S2\" id=\"t2d_172\">-614 906 </span><span class=\"S3D22 SC5 S2\" id=\"t2e_172\">Business combinations </span><span class=\"S3D23 SC5 S2\" id=\"t2f_172\">-223 </span><span class=\"S3D24 SC5 S2\" id=\"t2g_172\">0 </span><span class=\"S3D25 SC4 S2\" id=\"t2h_172\">-223 </span><span class=\"S3D26 SC5 S2\" id=\"t2i_172\">New leases from credit institutions </span><span class=\"S3D27 SC5 S2\" id=\"t2j_172\">230 035 </span><span class=\"S3D28 SC4 S2\" id=\"t2k_172\">230 035 </span><span class=\"S3D29 SC5 S2\" id=\"t2l_172\">Terminated leases with credit institutions </span><span class=\"S3D2A SC5 S2\" id=\"t2m_172\">-2 093 </span><span class=\"S3D2B SC4 S2\" id=\"t2n_172\">-2 093 </span><span class=\"S3D2C SC5 S2\" id=\"t2o_172\">Currency translation differences </span><span class=\"S3D2D SC5 S2\" id=\"t2p_172\">3 831 </span><span class=\"S3D2E SC5 S2\" id=\"t2q_172\">9 514 </span><span class=\"S3D2F SC5 S2\" id=\"t2r_172\">67 </span><span class=\"S3D30 SC4 S2\" id=\"t2s_172\">13 412 </span><span class=\"S3D31 SC5 S2\" id=\"t2t_172\">Other non-cash movements </span><span class=\"S3D32 SC5 S2\" id=\"t2u_172\">1 225 </span><span class=\"S3D33 SC4 S2\" id=\"t2v_172\">1 225 </span><span class=\"S3D34 SC4 S2\" id=\"t2w_172\">NIBD as of 31.12.2022 </span><span class=\"S3D35 SC4 S2\" id=\"t2x_172\">-3 304 878 </span><span class=\"S3D36 SC4 S2\" id=\"t2y_172\">1 104 780 </span><span class=\"S3D37 SC4 S2\" id=\"t2z_172\">1 493 656 </span><span class=\"S3D38 SC4 S2\" id=\"t30_172\">3 836 664 </span><span class=\"S3D39 SC4 S2\" id=\"t31_172\">1 213 715 </span><span class=\"S3D3A SC4 S2\" id=\"t32_172\">2 145 </span><span class=\"S3D3B SC4 S2\" id=\"t33_172\">4 346 082 </span><span class=\"S3D3C SC4 S2\" id=\"t34_172\">Reconciliation of cash \ufb02ows out, as speci\ufb01ed above, against the statement of cash \ufb02ows </span><span class=\"S3D3D SC4 S2\" id=\"t35_172\">2022 </span><span class=\"S3D3E SC4 S2\" id=\"t36_172\">2021 </span><span class=\"S3D3F SC5 S2\" id=\"t37_172\">Cash \ufb02ows out - related to downpayment on non-current interest bearing debt (according to table above) </span><span class=\"S3D40 SC5 S2\" id=\"t38_172\">-614 906 </span><span class=\"S3D41 SC5 S2\" id=\"t39_172\">-1 175 949 </span><span class=\"S3D42 SC5 S2\" id=\"t3a_172\">Cash \ufb02ows out - related to downpayment on non-interest bearing loans </span><span class=\"S3D43 SC5 S2\" id=\"t3b_172\">-3 728 </span><span class=\"S3D44 SC5 S2\" id=\"t3c_172\">0 </span><span class=\"S3D45 SC5 S2\" id=\"t3d_172\">Cash \ufb02ow out - related to instalment on lease liabilities to others (according to note 8), not included in NIBD </span><span class=\"S3D46 SC5 S2\" id=\"t3e_172\">-295 672 </span><span class=\"S3D47 SC5 S2\" id=\"t3f_172\">-259 707 </span><span class=\"S3D48 SC4 S2\" id=\"t3g_172\">Downpayments of long-term debt (accordring to statment of cash \ufb02ows) </span><span class=\"S3D49 SC4 S2\" id=\"t3h_172\">-914 306 </span><span class=\"S3D4A SC4 S2\" id=\"t3i_172\">-1 435 656 </span><span class=\"S39C9 S18EC S2\" id=\"t3q_172\">NOTE 15 cont. </span><span class=\"S3C39 S18EC S2\" id=\"t3r_172\">Loans, mortgages and guarantees </span><span class=\"S3D4B SC7 S2\" id=\"t1_173\">Bond loans </span><span class=\"S3D4C SC8 S2\" id=\"t2_173\">The Group established 3 bond loans, </span><span class=\"S2053 SC8 S2\" id=\"t3_173\">each amounting to NOK 500 million, </span><span class=\"S3D4D SC8 S2\" id=\"t4_173\">in the bond market 17 September </span><span class=\"S1C44 SC8 S2\" id=\"t5_173\">2021. The bonds are so called green </span><span class=\"S3D4E SC8 S2\" id=\"t6_173\">bonds. This implies that the group </span><span class=\"S2056 SC8 S2\" id=\"t7_173\">have established a green \ufb01nancing </span><span class=\"S3D4F SC8 S2\" id=\"t8_173\">framework which covers how the </span><span class=\"S21C2 SC8 S2\" id=\"t9_173\">proceeds from the bond loans can be </span><span class=\"S3D50 SC8 S2\" id=\"ta_173\">used. The framework is published on </span><span class=\"S3D51 SC8 S2\" id=\"tb_173\">the Group`s homepage on internet. </span><span class=\"S3D52 SC8 S2\" id=\"tc_173\">At year end the Group has qualifying </span><span class=\"S3D53 SC8 S2\" id=\"td_173\">green investments that are signi\ufb01cantly </span><span class=\"S23AE SC8 S2\" id=\"te_173\">higher than the proceeds from the </span><span class=\"S3D54 SC8 S2\" id=\"tf_173\">loan. Thus, the Group has already </span><span class=\"S23B0 SC8 S2\" id=\"tg_173\">ful\ufb01lled it`s obligations concerning </span><span class=\"S3D55 SC8 S2\" id=\"th_173\">type of investments. </span><span class=\"S3D56 SC8 S2\" id=\"ti_173\">All three bond loans have no </span><span class=\"S3D57 SC8 S2\" id=\"tj_173\">instalments during the duration of </span><span class=\"S2141 SC8 S2\" id=\"tk_173\">the loan. The loans have a duration </span><span class=\"S2142 SC8 S2\" id=\"tl_173\">of 5, 6 and 10 years. The loans with </span><span class=\"S3D58 SC8 S2\" id=\"tm_173\">duration of 5 and 6 years have </span><span class=\"S22A4 SC8 S2\" id=\"tn_173\">\ufb02oating interest rate, with 4 termins </span><span class=\"S21E3 SC8 S2\" id=\"to_173\">each year. The loan with a duration </span><span class=\"S3D59 SC8 S2\" id=\"tp_173\">of 10 years, has a \ufb01xed interest rate, </span><span class=\"S3D5A SC8 S2\" id=\"tq_173\">with one annual termin. The bond </span><span class=\"S22A8 SC8 S2\" id=\"tr_173\">loans are measured at amortized </span><span class=\"S3D5B SC8 S2\" id=\"ts_173\">cost. The bond loans are unsecured. </span><span class=\"S3D5C SC8 S2\" id=\"tt_173\">Fair value is approximately the same </span><span class=\"S3D5D SC8 S2\" id=\"tu_173\">as net book value as of 31.12. </span><span class=\"S3D5E SC4 S2\" id=\"tv_173\">Value as of 31.12.2021 </span><span class=\"S3D5F SC4 S2\" id=\"tw_173\">Value as of 31.12.2022 </span><span class=\"S3D60 SC4 S2\" id=\"tx_173\">Speci\ufb01cation </span><span class=\"S3D61 SC4 S2\" id=\"ty_173\">Nominal </span><span class=\"S3D62 SC4 S2\" id=\"tz_173\">value </span><span class=\"S3D63 SC4 S2\" id=\"t10_173\">Drawing </span><span class=\"S3D64 SC4 S2\" id=\"t11_173\">costs </span><span class=\"S3D65 SC4 S2\" id=\"t12_173\">Net book </span><span class=\"S3D66 SC4 S2\" id=\"t13_173\">value </span><span class=\"S3D67 SC4 S2\" id=\"t14_173\">Amortizing </span><span class=\"S3D68 SC4 S2\" id=\"t15_173\">effect of </span><span class=\"S3D69 SC4 S2\" id=\"t16_173\">the period </span><span class=\"S3D6A SC4 S2\" id=\"t17_173\">Nominal </span><span class=\"S3D6B SC4 S2\" id=\"t18_173\">value </span><span class=\"S3D6C SC4 S2\" id=\"t19_173\">Unamortized </span><span class=\"S3D6D SC4 S2\" id=\"t1a_173\">drawing costs </span><span class=\"S3D6E SC4 S2\" id=\"t1b_173\">Net book </span><span class=\"S3D6F SC4 S2\" id=\"t1c_173\">value </span><span class=\"S3D70 SC5 S2\" id=\"t1d_173\">Bond loan 1, NOK 500 mill, duration 5 years, </span><span class=\"S3D71 SC5 S2\" id=\"t1e_173\">\ufb02oating interest </span><span class=\"S3D72 SC5 S2\" id=\"t1f_173\">500 000 </span><span class=\"S3D73 SC5 S2\" id=\"t1g_173\">-2 494 </span><span class=\"S3D74 SC5 S2\" id=\"t1h_173\">497 506 </span><span class=\"S3D75 SC5 S2\" id=\"t1i_173\">525 </span><span class=\"S3D76 SC5 S2\" id=\"t1j_173\">500 000 </span><span class=\"S3D77 SC5 S2\" id=\"t1k_173\">-1 969 </span><span class=\"S3D78 SC5 S2\" id=\"t1l_173\">498 031 </span><span class=\"S3D79 SC5 S2\" id=\"t1m_173\">Bond loan 2, NOK 500 mill, duration 6 years, </span><span class=\"S3D7A SC5 S2\" id=\"t1n_173\">\ufb02oating interest </span><span class=\"S3D7B SC5 S2\" id=\"t1o_173\">500 000 </span><span class=\"S3D7C SC5 S2\" id=\"t1p_173\">-2 516 </span><span class=\"S3D7D SC5 S2\" id=\"t1q_173\">497 484 </span><span class=\"S3D7E SC5 S2\" id=\"t1r_173\">438 </span><span class=\"S3D7F SC5 S2\" id=\"t1s_173\">500 000 </span><span class=\"S3D80 SC5 S2\" id=\"t1t_173\">-2 078 </span><span class=\"S3D81 SC5 S2\" id=\"t1u_173\">497 922 </span><span class=\"S3D82 SC5 S2\" id=\"t1v_173\">Bond loan 3, NOK 500 mill, duration </span><span class=\"S3D83 SC5 S2\" id=\"t1w_173\">10 years, \ufb01xed interest rate 3,35% </span><span class=\"S3D84 SC5 S2\" id=\"t1x_173\">500 000 </span><span class=\"S3D85 SC5 S2\" id=\"t1y_173\">-2 559 </span><span class=\"S3D86 SC5 S2\" id=\"t1z_173\">497 441 </span><span class=\"S3D87 SC5 S2\" id=\"t20_173\">262 </span><span class=\"S3D88 SC5 S2\" id=\"t21_173\">500 000 </span><span class=\"S3D89 SC5 S2\" id=\"t22_173\">-2 297 </span><span class=\"S3D8A SC5 S2\" id=\"t23_173\">497 703 </span><span class=\"S3C86 SC4 S2\" id=\"t24_173\">Total </span><span class=\"S3D8B SC4 S2\" id=\"t25_173\">1 500 000 </span><span class=\"S3D8C SC4 S2\" id=\"t26_173\">-7 569 </span><span class=\"S3D8D SC4 S2\" id=\"t27_173\">1 492 431 </span><span class=\"S3D8E SC4 S2\" id=\"t28_173\">1 225 </span><span class=\"S3D8F SC4 S2\" id=\"t29_173\">1 500 000 </span><span class=\"S3D90 SC4 S2\" id=\"t2a_173\">-6 344 </span><span class=\"S3D91 SC4 S2\" id=\"t2b_173\">1 493 656 </span><span class=\"S3D92 SC4 S2\" id=\"t2c_173\">Interests expensed, including amortizing effect </span><span class=\"S3D93 SC4 S2\" id=\"t2d_173\">2021 </span><span class=\"S3D94 SC4 S2\" id=\"t2e_173\">2022 </span><span class=\"S3D95 SC5 S2\" id=\"t2f_173\">Interests paid </span><span class=\"S3D96 SC5 S2\" id=\"t2g_173\">3 981 </span><span class=\"S3D97 SC5 S2\" id=\"t2h_173\">43 795 </span><span class=\"S3D98 SC5 S2\" id=\"t2i_173\">Interests accrued </span><span class=\"S3D99 SC5 S2\" id=\"t2j_173\">5 558 </span><span class=\"S3D9A SC5 S2\" id=\"t2k_173\">832 </span><span class=\"S3D9B SC5 S2\" id=\"t2l_173\">Amortizing effect </span><span class=\"S3D9C SC5 S2\" id=\"t2m_173\">306 </span><span class=\"S3D9D SC5 S2\" id=\"t2n_173\">1 225 </span><span class=\"S3D9E SC4 S2\" id=\"t2o_173\">Total </span><span class=\"S3D9F SC4 S2\" id=\"t2p_173\">9 846 </span><span class=\"S3DA0 SC4 S2\" id=\"t2q_173\">45 851 </span><span class=\"S3DA2 SC7 S2\" id=\"t1_174\">Payment pro\ufb01le \ufb01nancial liabilities and interest risk etc. </span><span class=\"S3DA3 SC4 S2\" id=\"t2_174\">Payment pro\ufb01le \ufb01nancial liabilities </span><span class=\"S3DA4 SC4 S2\" id=\"t3_174\">2023 </span><span class=\"S3DA5 SC4 S2\" id=\"t4_174\">2024 </span><span class=\"S3DA6 SC4 S2\" id=\"t5_174\">2025 </span><span class=\"S3DA7 SC4 S2\" id=\"t6_174\">2026 </span><span class=\"S3DA8 SC4 S2\" id=\"t7_174\">2027 </span><span class=\"S3DA9 SC4 S2\" id=\"t8_174\">Later </span><span class=\"S3DAA SC4 S2\" id=\"t9_174\">Total </span><span class=\"S28C8 SC4 S2\" id=\"ta_174\">Instalment pro\ufb01le long-term debt </span><span class=\"S3DAB SC5 S2\" id=\"tb_174\">Instalments on bond loans </span><span class=\"S3DAC SC5 S2\" id=\"tc_174\">0 </span><span class=\"S3DAD SC5 S2\" id=\"td_174\">0 </span><span class=\"S3DAE SC5 S2\" id=\"te_174\">0 </span><span class=\"S3DAF SC5 S2\" id=\"tf_174\">500 000 </span><span class=\"S3DB0 SC5 S2\" id=\"tg_174\">500 000 </span><span class=\"S3DB1 SC5 S2\" id=\"th_174\">500 000 </span><span class=\"S3DB2 SC4 S2\" id=\"ti_174\">1 500 000 </span><span class=\"S3DB3 SC5 S2\" id=\"tj_174\">Instalments on loans from credit institutions </span><span class=\"S3DB4 SC5 S2\" id=\"tk_174\">395 591 </span><span class=\"S3DB5 SC5 S2\" id=\"tl_174\">332 287 </span><span class=\"S3DB6 SC5 S2\" id=\"tm_174\">859 120 </span><span class=\"S3DB7 SC5 S2\" id=\"tn_174\">284 167 </span><span class=\"S3DB8 SC5 S2\" id=\"to_174\">538 578 </span><span class=\"S3DB9 SC5 S2\" id=\"tp_174\">1 426 921 </span><span class=\"S3DBA SC4 S2\" id=\"tq_174\">3 836 664 </span><span class=\"S3DBB SC5 S2\" id=\"tr_174\">Instalments on leasing debt to credit institutions </span><span class=\"S3DBC SC5 S2\" id=\"ts_174\">332 514 </span><span class=\"S3DBD SC5 S2\" id=\"tt_174\">202 186 </span><span class=\"S3DBE SC5 S2\" id=\"tu_174\">162 410 </span><span class=\"S3DBF SC5 S2\" id=\"tv_174\">152 858 </span><span class=\"S3DC0 SC5 S2\" id=\"tw_174\">126 356 </span><span class=\"S3DC1 SC5 S2\" id=\"tx_174\">237 391 </span><span class=\"S3DC2 SC4 S2\" id=\"ty_174\">1 213 715 </span><span class=\"S3DC3 SC5 S2\" id=\"tz_174\">Instalments on other long-term interest-bearing debt </span><span class=\"S3DC4 SC5 S2\" id=\"t10_174\">1 486 </span><span class=\"S3DC5 SC5 S2\" id=\"t11_174\">257 </span><span class=\"S3DC6 SC5 S2\" id=\"t12_174\">263 </span><span class=\"S3DC7 SC5 S2\" id=\"t13_174\">139 </span><span class=\"S3DC8 SC5 S2\" id=\"t14_174\">0 </span><span class=\"S3DC9 SC4 S2\" id=\"t15_174\">2 144 </span><span class=\"S3DCA SC4 S2\" id=\"t16_174\">Total instalments on long-term interest-bearing debt </span><span class=\"S3DCB SC4 S2\" id=\"t17_174\">729 591 </span><span class=\"S3DCC SC4 S2\" id=\"t18_174\">534 729 </span><span class=\"S3DCD SC4 S2\" id=\"t19_174\">1 021 793 </span><span class=\"S3DCE SC4 S2\" id=\"t1a_174\">937 164 </span><span class=\"S3DCF SC4 S2\" id=\"t1b_174\">1 164 935 </span><span class=\"S3DD0 SC4 S2\" id=\"t1c_174\">2 164 312 </span><span class=\"S3DD1 SC4 S2\" id=\"t1d_174\">6 552 523 </span><span class=\"S3DD2 SC4 S2\" id=\"t1e_174\">Instalment pro\ufb01le on other long term liabilities </span><span class=\"S3DD3 SC5 S2\" id=\"t1f_174\">Instalments on lease liabilities to others than </span><span class=\"S3DD4 SC5 S2\" id=\"t1g_174\">credit institutions </span><span class=\"S3DD5 SC5 S2\" id=\"t1h_174\">269 614 </span><span class=\"S3DD6 SC5 S2\" id=\"t1i_174\">217 651 </span><span class=\"S3DD7 SC5 S2\" id=\"t1j_174\">211 173 </span><span class=\"S3DD8 SC5 S2\" id=\"t1k_174\">190 652 </span><span class=\"S3DD9 SC5 S2\" id=\"t1l_174\">189 512 </span><span class=\"S3DDA SC5 S2\" id=\"t1m_174\">463 917 </span><span class=\"S3DDB SC4 S2\" id=\"t1n_174\">1 542 520 </span><span class=\"S3DDC SC5 S2\" id=\"t1o_174\">Instalments on other long-term non-interest bearing debt </span><span class=\"S3DDD SC5 S2\" id=\"t1p_174\">0 </span><span class=\"S3DDE SC5 S2\" id=\"t1q_174\">0 </span><span class=\"S3DDF SC5 S2\" id=\"t1r_174\">5 678 </span><span class=\"S3DE0 SC5 S2\" id=\"t1s_174\">0 </span><span class=\"S3DE1 SC4 S2\" id=\"t1t_174\">5 678 </span><span class=\"S3DE2 SC4 S2\" id=\"t1u_174\">Total instalments on long-term non-interest-bearing debt </span><span class=\"S3DE3 SC4 S2\" id=\"t1v_174\">269 614 </span><span class=\"S3DE4 SC4 S2\" id=\"t1w_174\">217 651 </span><span class=\"S3DE5 SC4 S2\" id=\"t1x_174\">211 173 </span><span class=\"S3DE6 SC4 S2\" id=\"t1y_174\">196 330 </span><span class=\"S3DE7 SC4 S2\" id=\"t1z_174\">189 512 </span><span class=\"S3DE8 SC4 S2\" id=\"t20_174\">463 917 </span><span class=\"S3DE9 SC4 S2\" id=\"t21_174\">1 548 198 </span><span class=\"S3DEA SC4 S2\" id=\"t22_174\">Interest payment pro\ufb01le long-term debt </span><span class=\"S3DEB SC5 S2\" id=\"t23_174\">Interest on bond loans </span><span class=\"S3DEC SC5 S2\" id=\"t24_174\">61 522 </span><span class=\"S3DED SC5 S2\" id=\"t25_174\">61 641 </span><span class=\"S3DEE SC5 S2\" id=\"t26_174\">61 522 </span><span class=\"S3DEF SC5 S2\" id=\"t27_174\">55 236 </span><span class=\"S3DF0 SC5 S2\" id=\"t28_174\">33 121 </span><span class=\"S3DF1 SC5 S2\" id=\"t29_174\">63 332 </span><span class=\"S3DF2 SC4 S2\" id=\"t2a_174\">336 374 </span><span class=\"S3DF3 SC5 S2\" id=\"t2b_174\">Interest on loans from credit institutions </span><span class=\"S3DF4 SC5 S2\" id=\"t2c_174\">116 437 </span><span class=\"S3DF5 SC5 S2\" id=\"t2d_174\">104 307 </span><span class=\"S3DF6 SC5 S2\" id=\"t2e_174\">84 062 </span><span class=\"S3DF7 SC5 S2\" id=\"t2f_174\">64 663 </span><span class=\"S3DF8 SC5 S2\" id=\"t2g_174\">50 896 </span><span class=\"S3DF9 SC5 S2\" id=\"t2h_174\">60 352 </span><span class=\"S3DFA SC4 S2\" id=\"t2i_174\">480 717 </span><span class=\"S3DFB SC5 S2\" id=\"t2j_174\">Interest on leasing debt to credit institutions </span><span class=\"S3DFC SC5 S2\" id=\"t2k_174\">33 754 </span><span class=\"S3DFD SC5 S2\" id=\"t2l_174\">25 138 </span><span class=\"S3DFE SC5 S2\" id=\"t2m_174\">19 264 </span><span class=\"S3DFF SC5 S2\" id=\"t2n_174\">14 184 </span><span class=\"S3E00 SC5 S2\" id=\"t2o_174\">9 686 </span><span class=\"S3E01 SC5 S2\" id=\"t2p_174\">12 780 </span><span class=\"S3E02 SC4 S2\" id=\"t2q_174\">114 806 </span><span class=\"S3E03 SC5 S2\" id=\"t2r_174\">Interest on lease liabilities to others than </span><span class=\"S3E04 SC5 S2\" id=\"t2s_174\">credit institutions </span><span class=\"S3E05 SC5 S2\" id=\"t2t_174\">56 309 </span><span class=\"S3E06 SC5 S2\" id=\"t2u_174\">46 564 </span><span class=\"S3E07 SC5 S2\" id=\"t2v_174\">37 987 </span><span class=\"S3E08 SC5 S2\" id=\"t2w_174\">29 950 </span><span class=\"S3E09 SC5 S2\" id=\"t2x_174\">22 347 </span><span class=\"S3E0A SC5 S2\" id=\"t2y_174\">61 249 </span><span class=\"S3E0B SC4 S2\" id=\"t2z_174\">254 406 </span><span class=\"S3D26 SC5 S2\" id=\"t30_174\">Interest on other long-term interest-bearing debt </span><span class=\"S3E0C SC5 S2\" id=\"t31_174\">56 </span><span class=\"S3E0D SC5 S2\" id=\"t32_174\">21 </span><span class=\"S3E0E SC5 S2\" id=\"t33_174\">11 </span><span class=\"S3E0F SC5 S2\" id=\"t34_174\">3 </span><span class=\"S3E10 SC5 S2\" id=\"t35_174\">0 </span><span class=\"S3E11 SC4 S2\" id=\"t36_174\">91 </span><span class=\"S3E12 SC4 S2\" id=\"t37_174\">Total </span><span class=\"S3E13 SC4 S2\" id=\"t38_174\">268 078 </span><span class=\"S3E14 SC4 S2\" id=\"t39_174\">237 671 </span><span class=\"S3E15 SC4 S2\" id=\"t3a_174\">202 846 </span><span class=\"S3E16 SC4 S2\" id=\"t3b_174\">164 036 </span><span class=\"S3E17 SC4 S2\" id=\"t3c_174\">116 050 </span><span class=\"S3E18 SC4 S2\" id=\"t3d_174\">197 713 </span><span class=\"S3E19 SC4 S2\" id=\"t3e_174\">1 186 394 </span><span class=\"S3E1A SAF1 S2\" id=\"t3f_174\">* The impact from interest swap contracts is included in the amounts. </span><span class=\"S5A SC4 S2\" id=\"t3g_174\">Other short-term \ufb01nancial liabilities </span><span class=\"S3E1B SC5 S2\" id=\"t3h_174\">Overdraft (interest bearing debt) </span><span class=\"S3E1C SC5 S2\" id=\"t3i_174\">1 064 097 </span><span class=\"S3E1D SC4 S2\" id=\"t3j_174\">1 064 097 </span><span class=\"S3E1E SC5 S2\" id=\"t3k_174\">Other short term credits and loans (interest bearing debt) </span><span class=\"S3E1F SC5 S2\" id=\"t3l_174\">40 683 </span><span class=\"S3E20 SC4 S2\" id=\"t3m_174\">40 683 </span><span class=\"S3E21 SC5 S2\" id=\"t3n_174\">Accrued interests </span><span class=\"S3E22 SC5 S2\" id=\"t3o_174\">28 443 </span><span class=\"S3E23 SC4 S2\" id=\"t3p_174\">28 443 </span><span class=\"S3E24 SC5 S2\" id=\"t3q_174\">Trade payables </span><span class=\"S3E25 SC5 S2\" id=\"t3r_174\">2 076 939 </span><span class=\"S3E26 SC4 S2\" id=\"t3s_174\">2 076 939 </span><span class=\"S3E27 SC5 S2\" id=\"t3t_174\">Other short-term liabilities, excl. tax payable and </span><span class=\"S3E28 SC5 S2\" id=\"t3u_174\">public duties payable </span><span class=\"S3E29 SC5 S2\" id=\"t3v_174\">860 374 </span><span class=\"S3E2A SC4 S2\" id=\"t3w_174\">860 374 </span><span class=\"S3E2B SC4 S2\" id=\"t3x_174\">Total </span><span class=\"S3E2C SC4 S2\" id=\"t3y_174\">4 070 536 </span><span class=\"S3E2D SC4 S2\" id=\"t3z_174\">0 </span><span class=\"S3E2E SC4 S2\" id=\"t40_174\">0 </span><span class=\"S3E2F SC4 S2\" id=\"t41_174\">0 </span><span class=\"S3E30 SC4 S2\" id=\"t42_174\">0 </span><span class=\"S3E31 SC4 S2\" id=\"t43_174\">0 </span><span class=\"S3E32 SC4 S2\" id=\"t44_174\">4 070 536 </span><span class=\"S3D48 SC4 S2\" id=\"t45_174\">Grand total </span><span class=\"S3E33 SC4 S2\" id=\"t46_174\">5 337 820 </span><span class=\"S3E34 SC4 S2\" id=\"t47_174\">990 052 </span><span class=\"S3E35 SC4 S2\" id=\"t48_174\">1 435 812 </span><span class=\"S3E36 SC4 S2\" id=\"t49_174\">1 297 530 </span><span class=\"S3E37 SC4 S2\" id=\"t4a_174\">1 470 496 </span><span class=\"S3E38 SC4 S2\" id=\"t4b_174\">2 825 942 </span><span class=\"S3E39 SC4 S2\" id=\"t4c_174\">13 357 651 </span><span class=\"S3E3A SC5 S2\" id=\"t4d_174\">The Group\u2019s \ufb01nancial liabilities are classi\ufb01ed according to payment pro\ufb01le. Classi\ufb01cation is based on contractually agreed date of maturity. </span><span class=\"S3E3B SC5 S2\" id=\"t4e_174\">The \ufb01nancial liability from the interest rate swap de\ufb01ned as cash \ufb02ow hedge is included in the estimated interest costs on the hedged item. </span><span class=\"S3E3C SC4 S2\" id=\"t4f_174\">Liquidity reserve as of 31.12 </span><span class=\"S3E3D SC4 S2\" id=\"t4g_174\">2022 </span><span class=\"S3E3E SC4 S2\" id=\"t4h_174\">2021 </span><span class=\"S3E3F SC5 S2\" id=\"t4i_174\">Bank deposits </span><span class=\"S3E40 SC5 S2\" id=\"t4j_174\">3 304 878 </span><span class=\"S3E41 SC5 S2\" id=\"t4k_174\">4 203 146 </span><span class=\"S3E42 SC5 S2\" id=\"t4l_174\">Unutilized drawing facilities </span><span class=\"S3E43 SC5 S2\" id=\"t4m_174\">2 875 225 </span><span class=\"S3E44 SC5 S2\" id=\"t4n_174\">3 581 100 </span><span class=\"S3E45 SC4 S2\" id=\"t4o_174\">Total </span><span class=\"S3E46 SC4 S2\" id=\"t4p_174\">6 180 103 </span><span class=\"S3E47 SC4 S2\" id=\"t4q_174\">7 784 246 </span><span class=\"S3E49 SC4 S2\" id=\"t1_175\">Payment pro\ufb01le interest-bearing debt </span><span class=\"S3E4A SC4 S2\" id=\"t2_175\">2022 </span><span class=\"S3E4B SC4 S2\" id=\"t3_175\">2023 </span><span class=\"S3E4C SC4 S2\" id=\"t4_175\">2024 </span><span class=\"S3E4D SC4 S2\" id=\"t5_175\">2025 </span><span class=\"S3E4E SC4 S2\" id=\"t6_175\">2026 </span><span class=\"S3E4F SC4 S2\" id=\"t7_175\">2027 </span><span class=\"S3E50 SC4 S2\" id=\"t8_175\">Later </span><span class=\"S3E51 SC5 S2\" id=\"t9_175\">Interest-bearing debt 01.01 </span><span class=\"S3E52 SC5 S2\" id=\"ta_175\">7 650 </span><span class=\"S3E53 SC5 S2\" id=\"tb_175\">960 </span><span class=\"S3E54 SC5 S2\" id=\"tc_175\">5 816 589 </span><span class=\"S3E55 SC5 S2\" id=\"td_175\">5 281 860 </span><span class=\"S3E56 SC5 S2\" id=\"te_175\">4 260 067 </span><span class=\"S3E57 SC5 S2\" id=\"tf_175\">3 322 903 </span><span class=\"S3E58 SC5 S2\" id=\"tg_175\">2 157 968 </span><span class=\"S3E59 SC5 S2\" id=\"th_175\">Instalments on long term interest bearing debt </span><span class=\"S3E5A SC5 S2\" id=\"ti_175\">-729 591 </span><span class=\"S3E5B SC5 S2\" id=\"tj_175\">-534 729 </span><span class=\"S3E5C SC5 S2\" id=\"tk_175\">-1 021 793 </span><span class=\"S3E5D SC5 S2\" id=\"tl_175\">-937 164 </span><span class=\"S3E5E SC5 S2\" id=\"tm_175\">-1 164 935 </span><span class=\"S3E5F SC5 S2\" id=\"tn_175\">-2 157 </span><span class=\"S3E60 SC5 S2\" id=\"to_175\">968 </span><span class=\"S3E61 SC5 S2\" id=\"tp_175\">Instalments on short term interest bearing debt </span><span class=\"S3E62 SC5 S2\" id=\"tq_175\">-1 104 780 </span><span class=\"S3E63 SC4 S2\" id=\"tr_175\">Interest-bearing debt 31.12 </span><span class=\"S3E64 SC4 S2\" id=\"ts_175\">7 650 960 </span><span class=\"S3E65 SC4 S2\" id=\"tt_175\">5 816 589 </span><span class=\"S3E66 SC4 S2\" id=\"tu_175\">5 281 860 </span><span class=\"S3E67 SC4 S2\" id=\"tv_175\">4 260 067 </span><span class=\"S3E68 SC4 S2\" id=\"tw_175\">3 322 903 </span><span class=\"S3E69 SC4 S2\" id=\"tx_175\">2 157 968 </span><span class=\"S3E6A SC4 S2\" id=\"ty_175\">0 </span><span class=\"S3E6B SC4 S2\" id=\"tz_175\">Interest-bearing debt 31.12 </span><span class=\"S3E6C SC4 S2\" id=\"t10_175\">secured with \ufb01xed interest rate </span><span class=\"S3E6D SC4 S2\" id=\"t11_175\">2022 </span><span class=\"S3E6E SC4 S2\" id=\"t12_175\">2023 </span><span class=\"S3E6F SC4 S2\" id=\"t13_175\">2024 </span><span class=\"S3E70 SC4 S2\" id=\"t14_175\">2025 </span><span class=\"S3E71 SC4 S2\" id=\"t15_175\">2026 </span><span class=\"S3E72 SC4 S2\" id=\"t16_175\">2027 </span><span class=\"S3E73 SC4 S2\" id=\"t17_175\">Later </span><span class=\"S3E74 SC5 S2\" id=\"t18_175\">NOK 500 mill, 10.09.2021 - 17.09.2031 (bond loan) </span><span class=\"S3E75 SC5 S2\" id=\"t19_175\">497 703 </span><span class=\"S3E76 SC5 S2\" id=\"t1a_175\">497 966 </span><span class=\"S3E77 SC5 S2\" id=\"t1b_175\">498 228 </span><span class=\"S3E78 SC5 S2\" id=\"t1c_175\">498 491 </span><span class=\"S3E79 SC5 S2\" id=\"t1d_175\">498 753 </span><span class=\"S3E7A SC5 S2\" id=\"t1e_175\">499 016 </span><span class=\"S3E7B SC5 S2\" id=\"t1f_175\">0 </span><span class=\"S3E7C SC5 S2\" id=\"t1g_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E7D SC5 S2\" id=\"t1h_175\">323 438 </span><span class=\"S3E7E SC5 S2\" id=\"t1i_175\">304 688 </span><span class=\"S3E7F SC5 S2\" id=\"t1j_175\">285 938 </span><span class=\"S3E80 SC5 S2\" id=\"t1k_175\">267 188 </span><span class=\"S3E81 SC5 S2\" id=\"t1l_175\">248 438 </span><span class=\"S3E82 SC5 S2\" id=\"t1m_175\">0 </span><span class=\"S3E83 SC5 S2\" id=\"t1n_175\">0 </span><span class=\"S3E84 SC5 S2\" id=\"t1o_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E85 SC5 S2\" id=\"t1p_175\">323 438 </span><span class=\"S3E86 SC5 S2\" id=\"t1q_175\">304 688 </span><span class=\"S3E87 SC5 S2\" id=\"t1r_175\">285 938 </span><span class=\"S3E88 SC5 S2\" id=\"t1s_175\">267 188 </span><span class=\"S3E89 SC5 S2\" id=\"t1t_175\">248 438 </span><span class=\"S3E8A SC5 S2\" id=\"t1u_175\">0 </span><span class=\"S3E8B SC5 S2\" id=\"t1v_175\">0 </span><span class=\"S3E8C SC5 S2\" id=\"t1w_175\">Secured interest-bearing debt </span><span class=\"S3E8D SC5 S2\" id=\"t1x_175\">1 144 578 </span><span class=\"S3E8E SC5 S2\" id=\"t1y_175\">1 107 341 </span><span class=\"S3E8F SC5 S2\" id=\"t1z_175\">1 070 103 </span><span class=\"S3E90 SC5 S2\" id=\"t20_175\">1 032 866 </span><span class=\"S3E91 SC5 S2\" id=\"t21_175\">995 628 </span><span class=\"S3E92 SC5 S2\" id=\"t22_175\">499 016 </span><span class=\"S3E93 SC5 S2\" id=\"t23_175\">0 </span><span class=\"S3E94 SC5 S2\" id=\"t24_175\">Unsecured interest-bearing debt </span><span class=\"S3E95 SC5 S2\" id=\"t25_175\">6 506 382 </span><span class=\"S3E96 SC5 S2\" id=\"t26_175\">4 709 248 </span><span class=\"S3E97 SC5 S2\" id=\"t27_175\">4 211 757 </span><span class=\"S3E98 SC5 S2\" id=\"t28_175\">3 227 201 </span><span class=\"S3E99 SC5 S2\" id=\"t29_175\">2 327 275 </span><span class=\"S3E9A SC5 S2\" id=\"t2a_175\">1 658 953 </span><span class=\"S3E9B SC5 S2\" id=\"t2b_175\">1 661 882 </span><span class=\"S3E9C SC4 S2\" id=\"t2c_175\">Total interest-bearing debt </span><span class=\"S3E9D SC4 S2\" id=\"t2d_175\">7 650 960 </span><span class=\"S3E9E SC4 S2\" id=\"t2e_175\">5 816 589 </span><span class=\"S3E9F SC4 S2\" id=\"t2f_175\">5 281 860 </span><span class=\"S3EA0 SC4 S2\" id=\"t2g_175\">4 260 067 </span><span class=\"S3EA1 SC4 S2\" id=\"t2h_175\">3 322 903 </span><span class=\"S3EA2 SC4 S2\" id=\"t2i_175\">2 157 968 </span><span class=\"S3EA3 SC4 S2\" id=\"t2j_175\">1 661 882 </span><span class=\"S3EA4 SC5 S2\" id=\"t2k_175\">Portion exposed to interest rate changes </span><span class=\"S3EA5 SC5 S2\" id=\"t2l_175\">85 % </span><span class=\"S3EA6 SC5 S2\" id=\"t2m_175\">81 % </span><span class=\"S3EA7 SC5 S2\" id=\"t2n_175\">80 % </span><span class=\"S3EA8 SC5 S2\" id=\"t2o_175\">76 % </span><span class=\"S3EA9 SC5 S2\" id=\"t2p_175\">70 % </span><span class=\"S3EAA SC5 S2\" id=\"t2q_175\">77 % </span><span class=\"S3EAB SC5 S2\" id=\"t2r_175\">100 % </span><span class=\"S3EAC SC4 S2\" id=\"t2s_175\">The exposure of the Group\u2019s borrowings to interest rate changes and the contractual repricing dates </span><span class=\"S3EAD SC4 S2\" id=\"t2t_175\">2022 </span><span class=\"S3EAE SC4 S2\" id=\"t2u_175\">2021 </span><span class=\"S3EAF SC5 S2\" id=\"t2v_175\">6 months or less </span><span class=\"S3EB0 SC5 S2\" id=\"t2w_175\">0 </span><span class=\"S3EB1 SC5 S2\" id=\"t2x_175\">500 000 </span><span class=\"S3EB2 SC5 S2\" id=\"t2y_175\">6-12 months </span><span class=\"S3EB3 SC5 S2\" id=\"t2z_175\">0 </span><span class=\"S3EB4 SC5 S2\" id=\"t30_175\">0 </span><span class=\"S3EB5 SC5 S2\" id=\"t31_175\">1-5 years </span><span class=\"S3EB6 SC5 S2\" id=\"t32_175\">646 875 </span><span class=\"S3EB7 SC5 S2\" id=\"t33_175\">0 </span><span class=\"S3EB8 SC5 S2\" id=\"t34_175\">Over 5 years </span><span class=\"S3EB9 SC5 S2\" id=\"t35_175\">497 703 </span><span class=\"S3EBA SC5 S2\" id=\"t36_175\">1 181 816 </span><span class=\"S3EBB SC4 S2\" id=\"t37_175\">Total secured interest-bearing debt </span><span class=\"S3EBC SC4 S2\" id=\"t38_175\">1 144 578 </span><span class=\"S3EBD SC4 S2\" id=\"t39_175\">1 681 816 </span><span class=\"S3EBE SC4 S2\" id=\"t3a_175\">Total unsecured interest-bearing debt </span><span class=\"S3EBF SC4 S2\" id=\"t3b_175\">6 506 382 </span><span class=\"S3EC0 SC4 S2\" id=\"t3c_175\">5 818 816 </span><span class=\"S3EC1 SC4 S2\" id=\"t3d_175\">A change in insterest rate of 1% will increase the interest cost in 2023 with approxemately </span><span class=\"S3EC2 SC4 S2\" id=\"t3e_175\">65 064 </span><span class=\"S3EC3 SC4 S2\" id=\"t3f_175\">58 188 </span><span class=\"S3EC4 SC7 S2\" id=\"t3g_175\">Fair value, borrowing costs </span><span class=\"S3EC5 SC8 S2\" id=\"t3h_175\">The book value of long-term debt </span><span class=\"S3EC6 SC8 S2\" id=\"t3i_175\">approximates fair value. There are no </span><span class=\"S3EC7 SC8 S2\" id=\"t3j_175\">signi\ufb01cant new loan charges that are </span><span class=\"S3EC8 SC8 S2\" id=\"t3k_175\">not amortised over the life of the loan. </span><span class=\"S3EC9 SC7 S2\" id=\"t3l_175\">Covenants </span><span class=\"S3ECA SC8 S2\" id=\"t3m_175\">The Group's main borrowing conditions </span><span class=\"S3ECB SC8 S2\" id=\"t3n_175\">(\"covenants\") in the different loan </span><span class=\"S3ECC SC8 S2\" id=\"t3o_175\">agreements are to maintain an equity </span><span class=\"S3ECD SC8 S2\" id=\"t3p_175\">ratio of at least 25% and at least 30%. </span><span class=\"S3ECE SC8 S2\" id=\"t3q_175\">When calculating the equity ratio, </span><span class=\"S3ECF SC8 S2\" id=\"t3r_175\">exceed a certain level of one or more </span><span class=\"S3ED0 SC8 S2\" id=\"t3s_175\">accounting lines. </span><span class=\"S3ED1 SC8 S2\" id=\"t3t_175\">In this case the </span><span class=\"S3ED2 SC8 S2\" id=\"t3u_175\">relevant accounting lines are </span><span class=\"S3ED3 SC8 S2\" id=\"t3v_175\">inventory, trade receivables and </span><span class=\"S3ED4 SC8 S2\" id=\"t3w_175\">other receivables. </span><span class=\"S3ED5 SC8 S2\" id=\"t3x_175\">None of the Group companies has </span><span class=\"S3ED6 SC8 S2\" id=\"t3y_175\">entered into a position where they </span><span class=\"S3ED7 SC8 S2\" id=\"t3z_175\">have become in breach of their </span><span class=\"S3ED8 SC8 S2\" id=\"t40_175\">covenants in 2022. </span>adjusted <span class=\"S3EDA SC8 S2\" id=\"t42_175\">for bank deposits and deferred tax </span><span class=\"S3EDB SC8 S2\" id=\"t43_175\">associated with licences. There are also </span><span class=\"S3EDC SC8 S2\" id=\"t44_175\">some capital adequacy requirements </span><span class=\"S3EDD SC8 S2\" id=\"t45_175\">in some of the subsidiaries that are </span><span class=\"S3EDE SC8 S2\" id=\"t46_175\">all 30% or lower. Finally, there are </span><span class=\"S3EDF SC8 S2\" id=\"t47_175\">requirements regarding a so-called </span><span class=\"S3EE0 SC8 S2\" id=\"t48_175\">\"borrowing base\" in Ler\u00f8y Midt AS, </span><span class=\"S3EE1 SC8 S2\" id=\"t49_175\">Ler\u00f8y Vest AS and Sj\u00f8troll Havbruk AS </span><span class=\"S3EE2 SC8 S2\" id=\"t4a_175\">for the short-term overdraft facilities. </span><span class=\"S3EE3 SC8 S2\" id=\"t4b_175\">More speci\ufb01cally, this means that the </span><span class=\"S3EE4 SC8 S2\" id=\"t4c_175\">utilisation of the facility must not </span><span class=\"S3EE6 SC7 S2\" id=\"t1_176\">Loans secured by mortgages and mortgaged assets </span><span class=\"S3EE7 SC7 S2\" id=\"t2_176\">Guaranties on behalf of third party liabilities </span><span class=\"S3EE8 SC4 S2\" id=\"t3_176\">Loans secured by mortgages consists of </span><span class=\"S3EE9 SC4 S2\" id=\"t4_176\">2022 </span><span class=\"S3EEA SC4 S2\" id=\"t5_176\">2021 </span><span class=\"S3EEB SC5 S2\" id=\"t6_176\">Long-term loans from credit institutions, etc. </span><span class=\"S3EEC SC5 S2\" id=\"t7_176\">3 836 664 </span><span class=\"S3EED SC5 S2\" id=\"t8_176\">4 186 882 </span><span class=\"S3EEE SC5 S2\" id=\"t9_176\">Other long-term interest-bearing debt </span><span class=\"S3EEF SC5 S2\" id=\"ta_176\">2 145 </span><span class=\"S3EF0 SC5 S2\" id=\"tb_176\">1 182 </span><span class=\"S3EF1 SC5 S2\" id=\"tc_176\">Short-term debt to credit institutions (overdrafts) </span><span class=\"S3EF2 SC5 S2\" id=\"td_176\">1 064 097 </span><span class=\"S3EF3 SC5 S2\" id=\"te_176\">540 933 </span><span class=\"S3EF4 SC5 S2\" id=\"tf_176\">Other short term interest bearing loans and credits </span><span class=\"S3EF5 SC5 S2\" id=\"tg_176\">40 683 </span><span class=\"S3EF6 SC5 S2\" id=\"th_176\">41 457 </span><span class=\"S3EF7 SC4 S2\" id=\"ti_176\">Total liabilities secured by mortgages as of 31.12 </span><span class=\"S3EF8 SC4 S2\" id=\"tj_176\">4 943 589 </span><span class=\"S3EF9 SC4 S2\" id=\"tk_176\">4 770 453 </span><span class=\"S3EFA SC4 S2\" id=\"tl_176\">Mortgaged assets </span><span class=\"S3EFB SC4 S2\" id=\"tm_176\">2022 </span><span class=\"S3EFC SC4 S2\" id=\"tn_176\">2021 </span><span class=\"S3EFD SC5 S2\" id=\"to_176\">Trade and other receivables </span><span class=\"S3EFE SC5 S2\" id=\"tp_176\">1 053 974 </span><span class=\"S3EFF SC5 S2\" id=\"tq_176\">1 281 103 </span><span class=\"S3F00 SC5 S2\" id=\"tr_176\">Shares in associates (Norskott Havbruk AS) </span><span class=\"S3F01 SC5 S2\" id=\"ts_176\">1 152 856 </span><span class=\"S3F02 SC5 S2\" id=\"tt_176\">1 094 884 </span><span class=\"S3F03 SC5 S2\" id=\"tu_176\">Biological assets and other goods </span><span class=\"S3F04 SC5 S2\" id=\"tv_176\">7 342 775 </span><span class=\"S3F05 SC5 S2\" id=\"tw_176\">6 774 063 </span><span class=\"S3F06 SC5 S2\" id=\"tx_176\">Fixed assets </span><span class=\"S3F07 SC5 S2\" id=\"ty_176\">7 014 511 </span><span class=\"S3F08 SC5 S2\" id=\"tz_176\">5 500 143 </span><span class=\"S3F09 SC5 S2\" id=\"t10_176\">Licences * </span><span class=\"S3F0A SC5 S2\" id=\"t11_176\">1 135 949 </span><span class=\"S3F0B SC5 S2\" id=\"t12_176\">1 366 960 </span><span class=\"S3F0C SC4 S2\" id=\"t13_176\">Net book value on mortgaged assets as of 31.12 </span><span class=\"S3F0D SC4 S2\" id=\"t14_176\">17 700 065 </span><span class=\"S3F0E SC4 S2\" id=\"t15_176\">16 017 153 </span><span class=\"S3F0F SAF1 S2\" id=\"t16_176\">* Mortgaged licences concern licences owned by Ler\u00f8y Midt AS and Ler\u00f8y Vest AS </span><span class=\"S3F10 SC4 S2\" id=\"t17_176\">Guraranties as of 31.12 </span><span class=\"S3F11 SC4 S2\" id=\"t18_176\">2022 </span><span class=\"S3F12 SC4 S2\" id=\"t19_176\">2021 </span><span class=\"S3F13 SC5 S2\" id=\"t1a_176\">Guraranties on behalf of associated companies </span><span class=\"S3F14 SC5 S2\" id=\"t1b_176\">7 660 </span><span class=\"S3F15 SC5 S2\" id=\"t1c_176\">7 660 </span><span class=\"S3F16 SC5 S2\" id=\"t1d_176\">Guraranties on behalf of other third parties </span><span class=\"S3F17 SC5 S2\" id=\"t1e_176\">4 000 </span><span class=\"S3F18 SC5 S2\" id=\"t1f_176\">2 050 </span><span class=\"S3F19 SC4 S2\" id=\"t1g_176\">Total </span><span class=\"S3F1A SC4 S2\" id=\"t1h_176\">11 660 </span><span class=\"S3F1B SC4 S2\" id=\"t1i_176\">9 710 </span><span class=\"S3F1C SC5 S2\" id=\"t1j_176\">As an alternative to direct investment, the Group has in some few cases accepted to guarantee on behalf of third party liabilities. </span><span class=\"S3F1D SC5 S2\" id=\"t1k_176\">The speci\ufb01c guarantees are on behalf of \ufb01shermen, that deliver Wild catches to the Group. </span><span class=\"S22B1 S108 S2\" id=\"t1_177\">All the Norwegian companies in the </span><span class=\"S3F1F S108 S2\" id=\"t2_177\">Group satisfy the requirements in the </span><span class=\"S3025 S108 S2\" id=\"t3_177\">Act relating to mandatory </span><span class=\"S3F20 S108 S2\" id=\"t4_177\">occupational pensions (Norwegian: </span><span class=\"S23DB S108 S2\" id=\"t5_177\">OTP). The schemes are mainly </span><span class=\"S3F21 S108 S2\" id=\"t6_177\">established as de\ufb01ned contribution </span><span class=\"S3028 S108 S2\" id=\"t7_177\">pension schemes. Most of the bene\ufb01t </span><span class=\"S3F22 S108 S2\" id=\"t8_177\">shemes have been replaced with </span><span class=\"S3D52 S108 S2\" id=\"t9_177\">contribution shemes together with a </span><span class=\"S3F23 S108 S2\" id=\"ta_177\">paid-up-policy to the previous </span><span class=\"S3F24 S108 S2\" id=\"tb_177\">members. The remaining net </span><span class=\"S3F25 S108 S2\" id=\"tc_177\">liabilities are calculated based on </span><span class=\"S3F26 S108 S2\" id=\"td_177\">common actuarial assumptions. In </span><span class=\"S21D2 S108 S2\" id=\"te_177\">addition some companies within the </span><span class=\"S3016 S108 S2\" id=\"tf_177\">group have some small unsecured </span><span class=\"S3F27 S108 S2\" id=\"tg_177\">schemes which are \ufb01nanced by </span><span class=\"S1CB0 S108 S2\" id=\"th_177\">operations. These schemes are </span><span class=\"S3F28 S108 S2\" id=\"ti_177\">considered to be immaterial </span><span class=\"S3F29 S108 S2\" id=\"tj_177\">regarding further disclosure in the </span><span class=\"S3F2A S108 S2\" id=\"tk_177\">notes. Information on the pension </span><span class=\"S3F2B S108 S2\" id=\"tl_177\">cost for the year is also provided in </span><span class=\"S1F27 S108 S2\" id=\"tm_177\">the note on payroll costs. </span><span class=\"S3F2C SC4 S2\" id=\"tn_177\">De\ufb01ned bene\ufb01t scheme </span><span class=\"S3F2D SC4 S2\" id=\"to_177\">2022 </span><span class=\"S3F2E SC4 S2\" id=\"tp_177\">2021 </span><span class=\"S3F2F SC5 S2\" id=\"tq_177\">Present value of future pension liabilities </span><span class=\"S3F30 SC5 S2\" id=\"tr_177\">5 916 </span><span class=\"S3F31 SC5 S2\" id=\"ts_177\">5 650 </span><span class=\"S2AD3 SC5 S2\" id=\"tt_177\">Fair value of pension funds </span><span class=\"S3F32 SC5 S2\" id=\"tu_177\">-2 887 </span><span class=\"S3F33 SC5 S2\" id=\"tv_177\">-2 257 </span><span class=\"S3F34 SC4 S2\" id=\"tw_177\">Net pension liabilities </span><span class=\"S3F35 SC4 S2\" id=\"tx_177\">3 029 </span><span class=\"S3F36 SC4 S2\" id=\"ty_177\">3 393 </span><span class=\"S3F37 SC4 S2\" id=\"tz_177\">Change in capitalised liabilities </span><span class=\"S3F38 SC4 S2\" id=\"t10_177\">2022 </span><span class=\"S3F39 SC4 S2\" id=\"t11_177\">2021 </span><span class=\"S3F3A SC5 S2\" id=\"t12_177\">Carrying value as of 01.01 </span><span class=\"S3F3B SC5 S2\" id=\"t13_177\">3 393 </span><span class=\"S3F3C SC5 S2\" id=\"t14_177\">2 670 </span><span class=\"S3F3D SC5 S2\" id=\"t15_177\">Costs booked during the year </span><span class=\"S3F3E SC5 S2\" id=\"t16_177\">950 </span><span class=\"S3F3F SC5 S2\" id=\"t17_177\">1 063 </span><span class=\"S3F40 SC5 S2\" id=\"t18_177\">Estimate differences recognised through comprehensive income (before tax) </span><span class=\"S3F41 SC5 S2\" id=\"t19_177\">-333 </span><span class=\"S3F42 SC5 S2\" id=\"t1a_177\">11 </span><span class=\"S3F43 SC5 S2\" id=\"t1b_177\">Pension payments and payments of pension premiums </span><span class=\"S3F44 SC5 S2\" id=\"t1c_177\">-981 </span><span class=\"S3F45 SC5 S2\" id=\"t1d_177\">-351 </span><span class=\"S3F46 SC4 S2\" id=\"t1e_177\">Carrying value at 31.12 de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F47 SC4 S2\" id=\"t1f_177\">3 029 </span><span class=\"S3F48 SC4 S2\" id=\"t1g_177\">3 393 </span><span class=\"S3F49 SC4 S2\" id=\"t1h_177\">Total pension cost through pro\ufb01t or loss </span><span class=\"S3F4A SC4 S2\" id=\"t1i_177\">2022 </span><span class=\"S3F4B SC4 S2\" id=\"t1j_177\">2021 </span><span class=\"S2857 SC5 S2\" id=\"t1k_177\">Net pension cost, de\ufb01ned contribution scheme </span><span class=\"S3F4C SC5 S2\" id=\"t1l_177\">145 558 </span><span class=\"S3F4D SC5 S2\" id=\"t1m_177\">135 814 </span><span class=\"S3F4E SC5 S2\" id=\"t1n_177\">Net pension cost, de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F4F SC5 S2\" id=\"t1o_177\">950 </span><span class=\"S3F50 SC5 S2\" id=\"t1p_177\">1 063 </span><span class=\"S3F51 SC4 S2\" id=\"t1q_177\">Total </span><span class=\"S3F52 SC4 S2\" id=\"t1r_177\">146 508 </span><span class=\"S3F53 SC4 S2\" id=\"t1s_177\">136 877 </span><span class=\"S3F54 SC4 S2\" id=\"t1t_177\">Total pension cost through comprehensive income </span><span class=\"S3F55 SC4 S2\" id=\"t1u_177\">2022 </span><span class=\"S3F56 SC4 S2\" id=\"t1v_177\">2021 </span><span class=\"S3F57 SC5 S2\" id=\"t1w_177\">Net pension cost (before tax) from bene\ufb01t plans - comprehensive income </span><span class=\"S3F58 SC5 S2\" id=\"t1x_177\">-333 </span><span class=\"S3F59 SC5 S2\" id=\"t1y_177\">11 </span><span class=\"S3F5A SC5 S2\" id=\"t1z_177\">Tax effect </span><span class=\"S3F5B SC5 S2\" id=\"t20_177\">83 </span><span class=\"S3F5C SC5 S2\" id=\"t21_177\">-3 </span><span class=\"S3F5D SC4 S2\" id=\"t22_177\">Total pension cost through comprehensive income </span><span class=\"S3F5E SC4 S2\" id=\"t23_177\">-250 </span><span class=\"S3F5F SC4 S2\" id=\"t24_177\">8 </span><span class=\"S3F61 S18EC S2\" id=\"t2c_177\">NOTE 16 </span><span class=\"S3F62 S18EC S2\" id=\"t2d_177\">Pensions </span><span class=\"S3F63 SC4 S2\" id=\"t1_178\">Tax cost </span><span class=\"S194B SC4 S2\" id=\"t2_178\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_178\">2021 </span><span class=\"S3F64 SC5 S2\" id=\"t4_178\">Tax payable </span><span class=\"S3F65 SC5 S2\" id=\"t5_178\">960 011 </span><span class=\"S3F66 SC5 S2\" id=\"t6_178\">555 057 </span><span class=\"S3F67 SC5 S2\" id=\"t7_178\">Change in deferred tax </span><span class=\"S3F68 SC5 S2\" id=\"t8_178\">-58 182 </span><span class=\"S3F69 SC5 S2\" id=\"t9_178\">195 512 </span><span class=\"S3F6A SC4 S2\" id=\"ta_178\">Total tax cost </span><span class=\"S3F6B SC4 S2\" id=\"tb_178\">901 829 </span><span class=\"S3F6C SC4 S2\" id=\"tc_178\">750 569 </span><span class=\"S3F6D SC5 S2\" id=\"td_178\">Tax on the Group's pre-tax pro\ufb01t deviates from what it would have been if the Group's weighted average tax rate had been applied. </span><span class=\"S3F6E SC5 S2\" id=\"te_178\">The difference is determined as follows: </span><span class=\"S3F6F SC4 S2\" id=\"tf_178\">2022 </span><span class=\"S3F70 SC4 S2\" id=\"tg_178\">2021 </span><span class=\"S3F71 SC4 S2\" id=\"th_178\">Pre-tax pro\ufb01t/loss </span><span class=\"S3F72 SC4 S2\" id=\"ti_178\">4 066 951 </span><span class=\"S3F73 SC4 S2\" id=\"tj_178\">3 531 665 </span><span class=\"S3F74 SC5 S2\" id=\"tk_178\">Tax based on tax rates in the various countries </span><span class=\"S3F75 SC5 S2\" id=\"tl_178\">897 940 </span><span class=\"S3F76 SC5 S2\" id=\"tm_178\">770 631 </span><span class=\"S3F77 SC5 S2\" id=\"tn_178\">22% of share of pro\ufb01t/loss from associate </span><span class=\"S3F78 SC5 S2\" id=\"to_178\">-14 449 </span><span class=\"S3F79 SC5 S2\" id=\"tp_178\">-26 731 </span><span class=\"S3F7A SC5 S2\" id=\"tq_178\">22% of net other permanent differences etc. </span><span class=\"S3F7B SC5 S2\" id=\"tr_178\">9 058 </span><span class=\"S3F7C SC5 S2\" id=\"ts_178\">4 960 </span><span class=\"S3F7D SC5 S2\" id=\"tt_178\">Other differences </span><span class=\"S3F7E SC5 S2\" id=\"tu_178\">9 279 </span><span class=\"S3F7F SC5 S2\" id=\"tv_178\">1 709 </span><span class=\"S3F80 SC4 S2\" id=\"tw_178\">Tax cost </span><span class=\"S3F81 SC4 S2\" id=\"tx_178\">901 829 </span><span class=\"S3F82 SC4 S2\" id=\"ty_178\">750 569 </span><span class=\"S3F83 SC5 S2\" id=\"tz_178\">Effective tax rate </span><span class=\"S3F84 SC5 S2\" id=\"t10_178\">22.2 % </span><span class=\"S3F85 SC5 S2\" id=\"t11_178\">21.3 % </span><span class=\"S3F86 SC4 S2\" id=\"t12_178\">Change in book value of deferred tax </span><span class=\"S3F87 SC4 S2\" id=\"t13_178\">2022 </span><span class=\"S3F88 SC4 S2\" id=\"t14_178\">2021 </span><span class=\"S3F89 SC5 S2\" id=\"t15_178\">Capitalised value 01.01 </span><span class=\"S3F8A SC5 S2\" id=\"t16_178\">2 534 273 </span><span class=\"S3F8B SC5 S2\" id=\"t17_178\">2 302 260 </span><span class=\"S3F8C SC5 S2\" id=\"t18_178\">Business combination </span><span class=\"S3F8D SC5 S2\" id=\"t19_178\">1 390 </span><span class=\"S3F8E SC5 S2\" id=\"t1a_178\">18 800 </span><span class=\"S3F8F SC5 S2\" id=\"t1b_178\">Tax effect through total pro\ufb01t/loss (equity) </span><span class=\"S3F90 SC5 S2\" id=\"t1c_178\">5 941 </span><span class=\"S3F91 SC5 S2\" id=\"t1d_178\">17 701 </span><span class=\"S3F92 SC5 S2\" id=\"t1e_178\">Recognised change </span><span class=\"S3F93 SC5 S2\" id=\"t1f_178\">-58 182 </span><span class=\"S3F94 SC5 S2\" id=\"t1g_178\">195 512 </span><span class=\"S3F95 SC4 S2\" id=\"t1h_178\">Net capitalised value 31.12 </span><span class=\"S3F96 SC4 S2\" id=\"t1i_178\">2 483 422 </span><span class=\"S3F97 SC4 S2\" id=\"t1j_178\">2 534 273 </span><span class=\"S3F98 SC4 S2\" id=\"t1k_178\">Capitalised deferred tax asset * </span><span class=\"S3F99 SC4 S2\" id=\"t1l_178\">-92 865 </span><span class=\"S3F9A SC4 S2\" id=\"t1m_178\">-40 847 </span><span class=\"S3F9B SC4 S2\" id=\"t1n_178\">Capitalised deferred tax </span><span class=\"S3F9C SC4 S2\" id=\"t1o_178\">2 576 287 </span><span class=\"S3F9D SC4 S2\" id=\"t1p_178\">2 575 120 </span><span class=\"S3F9E SAF1 S2\" id=\"t1q_178\">* Negative temporary differences that cannot be eliminated against positive temporary differences. Deferred tax asset is presented as a </span><span class=\"S3F9F SAF1 S2\" id=\"t1r_178\">negative amount. </span><span class=\"S3FA0 S18EC S2\" id=\"t1z_178\">NOTE 17 </span><span class=\"S3FA1 S18EC S2\" id=\"t20_178\">Taxation </span><span class=\"S3FA2 SC4 S2\" id=\"t1_179\">Deferred tax liabilities (+) </span><span class=\"S3FA3 SC4 S2\" id=\"t2_179\">Licences and </span><span class=\"S3FA4 SC4 S2\" id=\"t3_179\">rights </span><span class=\"S3FA5 SC4 S2\" id=\"t4_179\">Operating </span><span class=\"S3FA6 SC4 S2\" id=\"t5_179\">assets and </span><span class=\"S3FA7 SC4 S2\" id=\"t6_179\">leases </span><span class=\"S3FA8 SC4 S2\" id=\"t7_179\">Goods/ </span><span class=\"S3FA9 SC4 S2\" id=\"t8_179\">biological </span><span class=\"S3FAA SC4 S2\" id=\"t9_179\">assets </span><span class=\"S3FAB SC4 S2\" id=\"ta_179\">Receivables </span><span class=\"S3FAC SC4 S2\" id=\"tb_179\">Other </span><span class=\"S3FAD SC4 S2\" id=\"tc_179\">differences </span><span class=\"S3FAE SC4 S2\" id=\"td_179\">Total </span><span class=\"S3FAF SC5 S2\" id=\"te_179\">01.01.2021 </span><span class=\"S3FB0 SC5 S2\" id=\"tf_179\">1 111 915 </span><span class=\"S3FB1 SC5 S2\" id=\"tg_179\">134 027 </span><span class=\"S3FB2 SC5 S2\" id=\"th_179\">1 077 086 </span><span class=\"S3FB3 SC5 S2\" id=\"ti_179\">0 </span><span class=\"S3FB4 SC5 S2\" id=\"tj_179\">56 703 </span><span class=\"S3FB5 SC5 S2\" id=\"tk_179\">2 379 731 </span><span class=\"S3FB6 SC5 S2\" id=\"tl_179\">Business combination (22%) </span><span class=\"S3FB7 SC5 S2\" id=\"tm_179\">0 </span><span class=\"S3FB8 SC5 S2\" id=\"tn_179\">18 012 </span><span class=\"S3FB9 SC5 S2\" id=\"to_179\">-1 215 </span><span class=\"S3FBA SC5 S2\" id=\"tp_179\">0 </span><span class=\"S3FBB SC5 S2\" id=\"tq_179\">1 683 </span><span class=\"S3FBC SC5 S2\" id=\"tr_179\">18 480 </span><span class=\"S3FBD SC5 S2\" id=\"ts_179\">Recognised in the period </span><span class=\"S3FBE SC5 S2\" id=\"tt_179\">3 332 </span><span class=\"S3FBF SC5 S2\" id=\"tu_179\">35 195 </span><span class=\"S3FC0 SC5 S2\" id=\"tv_179\">207 507 </span><span class=\"S3FC1 SC5 S2\" id=\"tw_179\">0 </span><span class=\"S3FC2 SC5 S2\" id=\"tx_179\">4 060 </span><span class=\"S3FC3 SC5 S2\" id=\"ty_179\">250 094 </span><span class=\"S3FC4 SC5 S2\" id=\"tz_179\">Currency translation differences </span><span class=\"S3FC5 SC5 S2\" id=\"t10_179\">0 </span><span class=\"S3FC6 SC5 S2\" id=\"t11_179\">0 </span><span class=\"S3FC7 SC5 S2\" id=\"t12_179\">0 </span><span class=\"S3FC8 SC5 S2\" id=\"t13_179\">0 </span><span class=\"S3FC9 SC5 S2\" id=\"t14_179\">320 </span><span class=\"S3FCA SC5 S2\" id=\"t15_179\">320 </span><span class=\"S3FCB SC4 S2\" id=\"t16_179\">31.12.2021 </span><span class=\"S3FCC SC4 S2\" id=\"t17_179\">1 115 247 </span><span class=\"S3FCD SC4 S2\" id=\"t18_179\">187 234 </span><span class=\"S3FCE SC4 S2\" id=\"t19_179\">1 283 378 </span><span class=\"S3FCF SC4 S2\" id=\"t1a_179\">0 </span><span class=\"S3FD0 SC4 S2\" id=\"t1b_179\">62 766 </span><span class=\"S3FD1 SC4 S2\" id=\"t1c_179\">2 648 625 </span><span class=\"S3FD2 SC5 S2\" id=\"t1d_179\">Business combination (22%) </span><span class=\"S3FD3 SC5 S2\" id=\"t1e_179\">1 390 </span><span class=\"S3FD4 SC5 S2\" id=\"t1f_179\">0 </span><span class=\"S3FD5 SC5 S2\" id=\"t1g_179\">0 </span><span class=\"S3FD6 SC5 S2\" id=\"t1h_179\">0 </span><span class=\"S3FD7 SC5 S2\" id=\"t1i_179\">0 </span><span class=\"S3FD8 SC5 S2\" id=\"t1j_179\">1 390 </span><span class=\"S3FD9 SC5 S2\" id=\"t1k_179\">Recognised in the period </span><span class=\"S3FDA SC5 S2\" id=\"t1l_179\">-59 263 </span><span class=\"S3FDB SC5 S2\" id=\"t1m_179\">-4 375 </span><span class=\"S3FDC SC5 S2\" id=\"t1n_179\">27 188 </span><span class=\"S3FDD SC5 S2\" id=\"t1o_179\">0 </span><span class=\"S3FDE SC5 S2\" id=\"t1p_179\">36 275 </span><span class=\"S3FDF SC5 S2\" id=\"t1q_179\">-175 </span><span class=\"S3FE0 SC5 S2\" id=\"t1r_179\">Deferred tax on records through other </span><span class=\"S3FE1 SC5 S2\" id=\"t1s_179\">comprehensive income </span><span class=\"S3FE2 SC5 S2\" id=\"t1t_179\">0 </span><span class=\"S3FE3 SC5 S2\" id=\"t1u_179\">0 </span><span class=\"S3FE4 SC5 S2\" id=\"t1v_179\">0 </span><span class=\"S3FE5 SC5 S2\" id=\"t1w_179\">0 </span><span class=\"S3FE6 SC5 S2\" id=\"t1x_179\">5 941 </span><span class=\"S3FE7 SC5 S2\" id=\"t1y_179\">5 941 </span><span class=\"S3FE8 SC4 S2\" id=\"t1z_179\">31.12.2022 </span><span class=\"S3FE9 SC4 S2\" id=\"t20_179\">1 057 374 </span><span class=\"S3FEA SC4 S2\" id=\"t21_179\">182 859 </span><span class=\"S3FEB SC4 S2\" id=\"t22_179\">1 310 566 </span><span class=\"S3FEC SC4 S2\" id=\"t23_179\">0 </span><span class=\"S3FED SC4 S2\" id=\"t24_179\">104 982 </span><span class=\"S3FEE SC4 S2\" id=\"t25_179\">2 655 781 </span><span class=\"S3FEF SC4 S2\" id=\"t26_179\">Deferred tax assets (-) </span><span class=\"S3FF0 SC4 S2\" id=\"t27_179\">Loss </span><span class=\"S3FF1 SC4 S2\" id=\"t28_179\">carryforward </span><span class=\"S3FF2 SC4 S2\" id=\"t29_179\">Operating </span><span class=\"S3FF3 SC4 S2\" id=\"t2a_179\">assets and </span><span class=\"S3FF4 SC4 S2\" id=\"t2b_179\">leases </span><span class=\"S3FF5 SC4 S2\" id=\"t2c_179\">Goods/ </span><span class=\"S3FF6 SC4 S2\" id=\"t2d_179\">biological </span><span class=\"S3FF7 SC4 S2\" id=\"t2e_179\">assets </span><span class=\"S3FF8 SC4 S2\" id=\"t2f_179\">Receivables </span><span class=\"S3FF9 SC4 S2\" id=\"t2g_179\">Other </span><span class=\"S3FFA SC4 S2\" id=\"t2h_179\">differences </span><span class=\"S3FFB SC4 S2\" id=\"t2i_179\">Total </span><span class=\"S3FFC SC5 S2\" id=\"t2j_179\">01.01.2021 </span><span class=\"S3FFD SC5 S2\" id=\"t2k_179\">-43 846 </span><span class=\"S3FFE SC5 S2\" id=\"t2l_179\">-8 152 </span><span class=\"S3FFF SC5 S2\" id=\"t2m_179\">0 </span><span class=\"S4000 SC5 S2\" id=\"t2n_179\">-11 054 </span><span class=\"S4001 SC5 S2\" id=\"t2o_179\">-14 419 </span><span class=\"S4002 SC5 S2\" id=\"t2p_179\">-77 471 </span><span class=\"S4003 SC5 S2\" id=\"t2q_179\">Recognised in the period </span><span class=\"S4004 SC5 S2\" id=\"t2r_179\">27 197 </span><span class=\"S4005 SC5 S2\" id=\"t2s_179\">-3 040 </span><span class=\"S4006 SC5 S2\" id=\"t2t_179\">0 </span><span class=\"S4007 SC5 S2\" id=\"t2u_179\">7 335 </span><span class=\"S4008 SC5 S2\" id=\"t2v_179\">-86 074 </span><span class=\"S4009 SC5 S2\" id=\"t2w_179\">-54 582 </span><span class=\"S400A SC5 S2\" id=\"t2x_179\">Deferred tax on records through other </span><span class=\"S400B SC5 S2\" id=\"t2y_179\">comprehensive income </span><span class=\"S400C SC5 S2\" id=\"t2z_179\">0 </span><span class=\"S400D SC5 S2\" id=\"t30_179\">0 </span><span class=\"S400E SC5 S2\" id=\"t31_179\">0 </span><span class=\"S400F SC5 S2\" id=\"t32_179\">0 </span><span class=\"S4010 SC5 S2\" id=\"t33_179\">17 701 </span><span class=\"S4011 SC5 S2\" id=\"t34_179\">17 701 </span><span class=\"S4012 SC4 S2\" id=\"t35_179\">31.12.2021 </span><span class=\"S4013 SC4 S2\" id=\"t36_179\">-16 649 </span><span class=\"S4014 SC4 S2\" id=\"t37_179\">-11 192 </span><span class=\"S4015 SC4 S2\" id=\"t38_179\">0 </span><span class=\"S4016 SC4 S2\" id=\"t39_179\">-3 719 </span><span class=\"S4017 SC4 S2\" id=\"t3a_179\">-82 792 </span><span class=\"S4018 SC4 S2\" id=\"t3b_179\">-114 352 </span><span class=\"S4019 SC5 S2\" id=\"t3c_179\">Recognised in the period </span><span class=\"S401A SC5 S2\" id=\"t3d_179\">-84 391 </span><span class=\"S401B SC5 S2\" id=\"t3e_179\">-6 540 </span><span class=\"S401C SC5 S2\" id=\"t3f_179\">0 </span><span class=\"S401D SC5 S2\" id=\"t3g_179\">-1 097 </span><span class=\"S401E SC5 S2\" id=\"t3h_179\">34 020 </span><span class=\"S401F SC5 S2\" id=\"t3i_179\">-58 008 </span><span class=\"S4020 SC4 S2\" id=\"t3j_179\">31.12.2022 </span><span class=\"S4021 SC4 S2\" id=\"t3k_179\">-101 040 </span><span class=\"S4022 SC4 S2\" id=\"t3l_179\">-17 732 </span><span class=\"S4023 SC4 S2\" id=\"t3m_179\">0 </span><span class=\"S4024 SC4 S2\" id=\"t3n_179\">-4 816 </span><span class=\"S4025 SC4 S2\" id=\"t3o_179\">-48 772 </span><span class=\"S4026 SC4 S2\" id=\"t3p_179\">-172 360 </span><span class=\"S4027 SC4 S2\" id=\"t3q_179\">Deferred tax </span><span class=\"S4028 SC4 S2\" id=\"t3r_179\">31.12.2022 </span><span class=\"S4029 SC4 S2\" id=\"t3s_179\">31.12.2021 </span><span class=\"S402A SC5 S2\" id=\"t3t_179\">Deferred tax on positive temporary differences 31.12 </span><span class=\"S402B SC5 S2\" id=\"t3u_179\">2 655 782 </span><span class=\"S402C SC5 S2\" id=\"t3v_179\">2 648 625 </span><span class=\"S402D SC5 S2\" id=\"t3w_179\">Deferred tax on negative temporary differences 31.12 </span><span class=\"S402E SC5 S2\" id=\"t3x_179\">-172 360 </span><span class=\"S402F SC5 S2\" id=\"t3y_179\">-114 352 </span><span class=\"S4030 SC4 S2\" id=\"t3z_179\">Net </span><span class=\"S4031 SC4 S2\" id=\"t40_179\">2 483 422 </span><span class=\"S4032 SC4 S2\" id=\"t41_179\">2 534 273 </span><span class=\"S4033 SC8 S2\" id=\"t42_179\">Capitalised deferred tax assets derive </span><span class=\"S4034 SC8 S2\" id=\"t43_179\">mainly from loss carry forwards in </span><span class=\"S4035 SC8 S2\" id=\"t44_179\">foreign entities where the loss is </span><span class=\"S4036 SC8 S2\" id=\"t45_179\">expected to be able to be utilised </span><span class=\"S4037 SC8 S2\" id=\"t46_179\">within a reasonable time. The </span><span class=\"S4038 SC8 S2\" id=\"t47_179\">applicable tax rates vary from 21% to </span><span class=\"S4039 SC8 S2\" id=\"t48_179\">44%. Capitalised deferred tax liabilities </span><span class=\"S403A SC8 S2\" id=\"t49_179\">derive mainly from Norwegian entities, </span><span class=\"S403B SC8 S2\" id=\"t4a_179\">where a rate of 22% has been applied. </span><span class=\"S403C SC8 S2\" id=\"t4b_179\">The Norwegian government has </span><span class=\"S403D SC8 S2\" id=\"t4c_179\">proposed introducing a resource rent </span><span class=\"S403E SC8 S2\" id=\"t4d_179\">tax of 35%, on top of ordinary tax, on the </span><span class=\"S403F SC8 S2\" id=\"t4e_179\">Norwegian aquaculture operations in </span><span class=\"S4040 SC8 S2\" id=\"t4f_179\">sea. As of today\u2019s date, the proposal </span><span class=\"S4041 SC8 S2\" id=\"t4g_179\">has not been passed. It is expected </span><span class=\"S4042 SC8 S2\" id=\"t4h_179\">to be passed before the summer, but </span><span class=\"S4043 SC8 S2\" id=\"t4i_179\">the \ufb01nal rules are unclear. The \ufb01nal </span><span class=\"S4044 SC8 S2\" id=\"t4j_179\">rules could affect the allocation </span><span class=\"S4045 SC8 S2\" id=\"t4k_179\">between deferred tax and tax payable </span><span class=\"S4046 SC8 S2\" id=\"t4l_179\">as of 31 December 2022, in the Group`s </span><span class=\"S4047 SC8 S2\" id=\"t4m_179\">Norwegian tax entities with </span><span class=\"S4048 SC8 S2\" id=\"t4n_179\">aquaculture operations in sea. </span><span class=\"S404A SC4 S2\" id=\"t1_180\">Other short-term debt </span><span class=\"S194B SC4 S2\" id=\"t2_180\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_180\">2021 </span><span class=\"S404B SC5 S2\" id=\"t4_180\">Revenues to be recognised in next accounting period </span><span class=\"S404C SC5 S2\" id=\"t5_180\">14 799 </span><span class=\"S404D SC5 S2\" id=\"t6_180\">0 </span><span class=\"S404E SC5 S2\" id=\"t7_180\">Fair value of \ufb01nancial instruments, with due date within a year </span><span class=\"S404F SC5 S2\" id=\"t8_180\">5 812 </span><span class=\"S4050 SC5 S2\" id=\"t9_180\">577 </span><span class=\"S4051 SC5 S2\" id=\"ta_180\">Change in value on hedged risk related to binding agreements </span><span class=\"S4052 SC5 S2\" id=\"tb_180\">18 604 </span><span class=\"S4053 SC5 S2\" id=\"tc_180\">17 178 </span><span class=\"S4054 SC5 S2\" id=\"td_180\">Onerous contracts (related to fair value adjustment of biological assets) </span><span class=\"S4055 SC5 S2\" id=\"te_180\">13 600 </span><span class=\"S4056 SC5 S2\" id=\"tf_180\">44 259 </span><span class=\"S4057 SC5 S2\" id=\"tg_180\">Accrued wages and holiday pay </span><span class=\"S4058 SC5 S2\" id=\"th_180\">418 560 </span><span class=\"S4059 SC5 S2\" id=\"ti_180\">398 861 </span><span class=\"S405A SC5 S2\" id=\"tj_180\">Accrued interest costs </span><span class=\"S405B SC5 S2\" id=\"tk_180\">28 443 </span><span class=\"S405C SC5 S2\" id=\"tl_180\">21 171 </span><span class=\"S405D SC5 S2\" id=\"tm_180\">Accrued customer bonus </span><span class=\"S405E SC5 S2\" id=\"tn_180\">62 452 </span><span class=\"S405F SC5 S2\" id=\"to_180\">88 882 </span><span class=\"S4060 SC5 S2\" id=\"tp_180\">Accrued other expenses </span><span class=\"S4061 SC5 S2\" id=\"tq_180\">310 257 </span><span class=\"S4062 SC5 S2\" id=\"tr_180\">262 726 </span><span class=\"S4063 SC5 S2\" id=\"ts_180\">Provisions </span><span class=\"S4064 SC5 S2\" id=\"tt_180\">21 955 </span><span class=\"S4065 SC5 S2\" id=\"tu_180\">50 306 </span><span class=\"S4066 SC5 S2\" id=\"tv_180\">Other short term debt (prepayments from customer etc) </span><span class=\"S4067 SC5 S2\" id=\"tw_180\">148 </span><span class=\"S4068 SC5 S2\" id=\"tx_180\">140 </span><span class=\"S4069 SC4 S2\" id=\"ty_180\">Total other short-term debt </span><span class=\"S406A SC4 S2\" id=\"tz_180\">894 629 </span><span class=\"S406B SC4 S2\" id=\"t10_180\">884 100 </span><span class=\"S406C SC5 S2\" id=\"t11_180\">Accrued other expenses includes freight, claims, treatment expenses on \ufb01sh in sea, clean up costs for closed sites, bonuses and various other </span><span class=\"S406D SC5 S2\" id=\"t12_180\">operational and inventory related costs. Accrued freight on products sold is the the largest single item. </span><span class=\"S406E S18EC S2\" id=\"t1a_180\">NOTE 18 </span><span class=\"S406F S18EC S2\" id=\"t1b_180\">Other short-term debt </span><span class=\"S4070 SC4 S2\" id=\"t1_181\">Other short-term debt </span><span class=\"S18F0 SC4 S2\" id=\"t2_181\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_181\">2021 </span><span class=\"S4071 SC4 S2\" id=\"t4_181\">This year's earnings to LSG shareholders (NOK 1 000) </span><span class=\"S4072 SC4 S2\" id=\"t5_181\">2 906 781 </span><span class=\"S4073 SC4 S2\" id=\"t6_181\">2 632 371 </span><span class=\"S4074 SC5 S2\" id=\"t7_181\">Number of issued shares as of 31.12 (in 1 000) </span><span class=\"S4075 SC5 S2\" id=\"t8_181\">595 774 </span><span class=\"S4076 SC5 S2\" id=\"t9_181\">595 774 </span><span class=\"S4077 SC5 S2\" id=\"ta_181\">Number of treasury shares as of 31.12 (in 1 000) </span><span class=\"S4078 SC5 S2\" id=\"tb_181\">-298 </span><span class=\"S4079 SC5 S2\" id=\"tc_181\">-298 </span><span class=\"S407A SC4 S2\" id=\"td_181\">Number of outstanding shares as of 31.12 (in 1 000) </span><span class=\"S407B SC4 S2\" id=\"te_181\">595 476 </span><span class=\"S407C SC4 S2\" id=\"tf_181\">595 476 </span><span class=\"S407D SC5 S2\" id=\"tg_181\">Average number of outstanding shares (in 1 000) </span><span class=\"S407E SC5 S2\" id=\"th_181\">595 476 </span><span class=\"S407F SC5 S2\" id=\"ti_181\">595 476 </span><span class=\"S4080 SC5 S2\" id=\"tj_181\">Average number of outstanding shares with dilution (in 1 000) </span><span class=\"S4081 SC5 S2\" id=\"tk_181\">595 476 </span><span class=\"S4082 SC5 S2\" id=\"tl_181\">595 476 </span><span class=\"S4083 SC4 S2\" id=\"tm_181\">Earnings per share </span><span class=\"S4084 SC4 S2\" id=\"tn_181\">4.88 </span><span class=\"S4085 SC4 S2\" id=\"to_181\">4.42 </span><span class=\"S4086 SC5 S2\" id=\"tp_181\">Diluted earnings per share </span><span class=\"S4087 SC5 S2\" id=\"tq_181\">4.88 </span><span class=\"S4088 SC5 S2\" id=\"tr_181\">4.42 </span><span class=\"S4089 SC4 S2\" id=\"ts_181\">Year </span><span class=\"S408A SC4 S2\" id=\"tt_181\">After fair value adjustment </span><span class=\"S408B SC4 S2\" id=\"tu_181\">Before fair value adjustment * </span><span class=\"S408C SC4 S2\" id=\"tv_181\">Share of pro\ufb01t for </span><span class=\"S408D SC4 S2\" id=\"tw_181\">the year to LSG </span><span class=\"S408E SC4 S2\" id=\"tx_181\">shareholders </span><span class=\"S408F SC4 S2\" id=\"ty_181\">Earnings </span><span class=\"S4090 SC4 S2\" id=\"tz_181\">per share </span><span class=\"S4091 SC4 S2\" id=\"t10_181\">Recommended </span><span class=\"S4092 SC4 S2\" id=\"t11_181\">dividend relative </span><span class=\"S4093 SC4 S2\" id=\"t12_181\">to pro\ufb01t </span><span class=\"S4094 SC4 S2\" id=\"t13_181\">Share of pro\ufb01t for </span><span class=\"S4095 SC4 S2\" id=\"t14_181\">the year to LSG </span><span class=\"S4096 SC4 S2\" id=\"t15_181\">shareholders * </span><span class=\"S4097 SC4 S2\" id=\"t16_181\">Earnings </span><span class=\"S4098 SC4 S2\" id=\"t17_181\">per share * </span><span class=\"S4099 SC4 S2\" id=\"t18_181\">Recommended </span><span class=\"S409A SC4 S2\" id=\"t19_181\">dividend relative </span><span class=\"S409B SC4 S2\" id=\"t1a_181\">to pro\ufb01t * </span><span class=\"S409C SC4 S2\" id=\"t1b_181\">2022 </span><span class=\"S409D SC4 S2\" id=\"t1c_181\">2 906 781 </span><span class=\"S409E SC4 S2\" id=\"t1d_181\">4.88 </span><span class=\"S409F SC4 S2\" id=\"t1e_181\">51 % </span><span class=\"S40A0 SC4 S2\" id=\"t1f_181\">2 139 193 </span><span class=\"S40A1 SC4 S2\" id=\"t1g_181\">3.59 </span><span class=\"S40A2 SC4 S2\" id=\"t1h_181\">70 % </span><span class=\"S40A3 SC5 S2\" id=\"t1i_181\">2021 </span><span class=\"S40A4 SC5 S2\" id=\"t1j_181\">2 632 371 </span><span class=\"S40A5 SC5 S2\" id=\"t1k_181\">4.42 </span><span class=\"S40A6 SC5 S2\" id=\"t1l_181\">57 % </span><span class=\"S40A7 SC5 S2\" id=\"t1m_181\">1 834 661 </span><span class=\"S40A8 SC5 S2\" id=\"t1n_181\">3.08 </span><span class=\"S40A9 SC5 S2\" id=\"t1o_181\">81 % </span><span class=\"S40AA SC5 S2\" id=\"t1p_181\">2020 </span><span class=\"S40AB SC5 S2\" id=\"t1q_181\">794 335 </span><span class=\"S40AC SC5 S2\" id=\"t1r_181\">1.33 </span><span class=\"S40AD SC5 S2\" id=\"t1s_181\">150 % </span><span class=\"S40AE SC5 S2\" id=\"t1t_181\">1 467 617 </span><span class=\"S40AF SC5 S2\" id=\"t1u_181\">2.46 </span><span class=\"S40B0 SC5 S2\" id=\"t1v_181\">81 % </span><span class=\"S40B1 SC5 S2\" id=\"t1w_181\">2019 </span><span class=\"S40B2 SC5 S2\" id=\"t1x_181\">1 857 172 </span><span class=\"S40B3 SC5 S2\" id=\"t1y_181\">3.12 </span><span class=\"S40B4 SC5 S2\" id=\"t1z_181\">48 % </span><span class=\"S40B5 SC5 S2\" id=\"t20_181\">2 073 426 </span><span class=\"S40B6 SC5 S2\" id=\"t21_181\">3.48 </span><span class=\"S40B7 SC5 S2\" id=\"t22_181\">43 % </span><span class=\"S40B8 SC5 S2\" id=\"t23_181\">2018 </span><span class=\"S40B9 SC5 S2\" id=\"t24_181\">3 437 042 </span><span class=\"S40BA SC5 S2\" id=\"t25_181\">5.77 </span><span class=\"S40BB SC5 S2\" id=\"t26_181\">35 % </span><span class=\"S40BC SC5 S2\" id=\"t27_181\">2 918 324 </span><span class=\"S40BD SC5 S2\" id=\"t28_181\">4.90 </span><span class=\"S40BE SC5 S2\" id=\"t29_181\">41 % </span><span class=\"S40BF SC5 S2\" id=\"t2a_181\">2017 </span><span class=\"S40C0 SC5 S2\" id=\"t2b_181\">1 749 494 </span><span class=\"S40C1 SC5 S2\" id=\"t2c_181\">2.94 </span><span class=\"S40C2 SC5 S2\" id=\"t2d_181\">51 % </span><span class=\"S40C3 SC5 S2\" id=\"t2e_181\">2 919 657 </span><span class=\"S40C4 SC5 S2\" id=\"t2f_181\">4.90 </span><span class=\"S40C5 SC5 S2\" id=\"t2g_181\">31 % </span><span class=\"S40C6 SC5 S2\" id=\"t2h_181\">2016 </span><span class=\"S40C7 SC5 S2\" id=\"t2i_181\">3 224 143 </span><span class=\"S40C8 SC5 S2\" id=\"t2j_181\">5.65 </span><span class=\"S40C9 SC5 S2\" id=\"t2k_181\">24 % </span><span class=\"S40CA SC5 S2\" id=\"t2l_181\">2 192 909 </span><span class=\"S40CB SC5 S2\" id=\"t2m_181\">3.84 </span><span class=\"S40CC SC5 S2\" id=\"t2n_181\">35 % </span><span class=\"S40CD SC5 S2\" id=\"t2o_181\">2015 </span><span class=\"S40CE SC5 S2\" id=\"t2p_181\">1 179 718 </span><span class=\"S40CF SC5 S2\" id=\"t2q_181\">2.16 </span><span class=\"S40D0 SC5 S2\" id=\"t2r_181\">56 % </span><span class=\"S40D1 SC5 S2\" id=\"t2s_181\">1 057 767 </span><span class=\"S40D2 SC5 S2\" id=\"t2t_181\">1.94 </span><span class=\"S40D3 SC5 S2\" id=\"t2u_181\">62 % </span><span class=\"S40D4 SC5 S2\" id=\"t2v_181\">2014 </span><span class=\"S40D5 SC5 S2\" id=\"t2w_181\">1 055 916 </span><span class=\"S40D6 SC5 S2\" id=\"t2x_181\">1.93 </span><span class=\"S40D7 SC5 S2\" id=\"t2y_181\">62 % </span><span class=\"S40D8 SC5 S2\" id=\"t2z_181\">1 312 258 </span><span class=\"S40D9 SC5 S2\" id=\"t30_181\">2.40 </span><span class=\"S40DA SC5 S2\" id=\"t31_181\">50 % </span><span class=\"S40DB SC5 S2\" id=\"t32_181\">2013 </span><span class=\"S40DC SC5 S2\" id=\"t33_181\">1 733 352 </span><span class=\"S40DD SC5 S2\" id=\"t34_181\">3.18 </span><span class=\"S40DE SC5 S2\" id=\"t35_181\">31 % </span><span class=\"S40DF SC5 S2\" id=\"t36_181\">1 152 700 </span><span class=\"S40E0 SC5 S2\" id=\"t37_181\">2.11 </span><span class=\"S40E1 SC5 S2\" id=\"t38_181\">47 % </span><span class=\"S40E2 SC5 S2\" id=\"t39_181\">2012 </span><span class=\"S40E3 SC5 S2\" id=\"t3a_181\">480 797 </span><span class=\"S40E4 SC5 S2\" id=\"t3b_181\">0.88 </span><span class=\"S40E5 SC5 S2\" id=\"t3c_181\">79 % </span><span class=\"S40E6 SC5 S2\" id=\"t3d_181\">278 958 </span><span class=\"S40E7 SC5 S2\" id=\"t3e_181\">0.51 </span><span class=\"S40E8 SC5 S2\" id=\"t3f_181\">137 % </span><span class=\"S40E9 SC5 S2\" id=\"t3g_181\">2011 </span><span class=\"S40EA SC5 S2\" id=\"t3h_181\">382 705 </span><span class=\"S40EB SC5 S2\" id=\"t3i_181\">0.70 </span><span class=\"S40EC SC5 S2\" id=\"t3j_181\">100 % </span><span class=\"S40ED SC5 S2\" id=\"t3k_181\">825 625 </span><span class=\"S40EE SC5 S2\" id=\"t3l_181\">1.51 </span><span class=\"S40EF SC5 S2\" id=\"t3m_181\">46 % </span><span class=\"S40F0 SC5 S2\" id=\"t3n_181\">2010 </span><span class=\"S40F1 SC5 S2\" id=\"t3o_181\">1 419 507 </span><span class=\"S40F2 SC5 S2\" id=\"t3p_181\">2.62 </span><span class=\"S40F3 SC5 S2\" id=\"t3q_181\">38 % </span><span class=\"S40F4 SC5 S2\" id=\"t3r_181\">1 193 765 </span><span class=\"S40F5 SC5 S2\" id=\"t3s_181\">2.21 </span><span class=\"S40F6 SC5 S2\" id=\"t3t_181\">46 % </span><span class=\"S40F7 SC5 S2\" id=\"t3u_181\">2009 </span><span class=\"S40F8 SC5 S2\" id=\"t3v_181\">729 488 </span><span class=\"S40F9 SC5 S2\" id=\"t3w_181\">1.36 </span><span class=\"S40FA SC5 S2\" id=\"t3x_181\">51 % </span><span class=\"S40FB SC5 S2\" id=\"t3y_181\">685 940 </span><span class=\"S40FC SC5 S2\" id=\"t3z_181\">1.28 </span><span class=\"S40FD SC5 S2\" id=\"t40_181\">55 % </span><span class=\"S40FE SC5 S2\" id=\"t41_181\">2008 </span><span class=\"S40FF SC5 S2\" id=\"t42_181\">124 730 </span><span class=\"S4100 SC5 S2\" id=\"t43_181\">0.23 </span><span class=\"S4101 SC5 S2\" id=\"t44_181\">120 % </span><span class=\"S4102 SC5 S2\" id=\"t45_181\">151 416 </span><span class=\"S4103 SC5 S2\" id=\"t46_181\">0.28 </span><span class=\"S4104 SC5 S2\" id=\"t47_181\">99 % </span><span class=\"S4105 SC5 S2\" id=\"t48_181\">2007 </span><span class=\"S4106 SC5 S2\" id=\"t49_181\">277 014 </span><span class=\"S4107 SC5 S2\" id=\"t4a_181\">0.57 </span><span class=\"S4108 SC5 S2\" id=\"t4b_181\">35 % </span><span class=\"S4109 SC5 S2\" id=\"t4c_181\">279 611 </span><span class=\"S410A SC5 S2\" id=\"t4d_181\">0.58 </span><span class=\"S410B SC5 S2\" id=\"t4e_181\">34 % </span><span class=\"S410C SC5 S2\" id=\"t4f_181\">2006 </span><span class=\"S410D SC5 S2\" id=\"t4g_181\">651 516 </span><span class=\"S410E SC5 S2\" id=\"t4h_181\">1.59 </span><span class=\"S410F SC5 S2\" id=\"t4i_181\">33 % </span><span class=\"S4110 SC5 S2\" id=\"t4j_181\">575 141 </span><span class=\"S4111 SC5 S2\" id=\"t4k_181\">1.40 </span><span class=\"S4112 SC5 S2\" id=\"t4l_181\">37 % </span><span class=\"S4113 SC5 S2\" id=\"t4m_181\">2005 </span><span class=\"S4114 SC5 S2\" id=\"t4n_181\">319 312 </span><span class=\"S4115 SC5 S2\" id=\"t4o_181\">0.87 </span><span class=\"S4116 SC5 S2\" id=\"t4p_181\">22 % </span><span class=\"S4117 SC5 S2\" id=\"t4q_181\">248 443 </span><span class=\"S4118 SC5 S2\" id=\"t4r_181\">0.67 </span><span class=\"S4119 SC5 S2\" id=\"t4s_181\">29 % </span><span class=\"S411A SC5 S2\" id=\"t4t_181\">2004 </span><span class=\"S411B SC5 S2\" id=\"t4u_181\">83 402 </span><span class=\"S411C SC5 S2\" id=\"t4v_181\">0.24 </span><span class=\"S411D SC5 S2\" id=\"t4w_181\">36 % </span><span class=\"S411E SC5 S2\" id=\"t4x_181\">82 216 </span><span class=\"S411F SC5 S2\" id=\"t4y_181\">0.24 </span><span class=\"S4120 SC5 S2\" id=\"t4z_181\">37 % </span><span class=\"S4121 SC5 S2\" id=\"t50_181\">2003 </span><span class=\"S4122 SC5 S2\" id=\"t51_181\">30 518 </span><span class=\"S4123 SC5 S2\" id=\"t52_181\">0.12 </span><span class=\"S4124 SC5 S2\" id=\"t53_181\">68 % </span><span class=\"S4125 SC5 S2\" id=\"t54_181\">30 518 </span><span class=\"S4126 SC5 S2\" id=\"t55_181\">0.12 </span><span class=\"S4127 SC5 S2\" id=\"t56_181\">68 % </span><span class=\"S4128 SC5 S2\" id=\"t57_181\">2002 </span><span class=\"S4129 SC5 S2\" id=\"t58_181\">25 650 </span><span class=\"S412A SC5 S2\" id=\"t59_181\">0.11 </span><span class=\"S412B SC5 S2\" id=\"t5a_181\">69 % </span><span class=\"S412C SC5 S2\" id=\"t5b_181\">25 650 </span><span class=\"S412D SC5 S2\" id=\"t5c_181\">0.11 </span><span class=\"S412E SC5 S2\" id=\"t5d_181\">69 % </span><span class=\"S412F SC4 S2\" id=\"t5e_181\">Total </span><span class=\"S4130 SC4 S2\" id=\"t5f_181\">25 094 963 </span><span class=\"S4131 SC4 S2\" id=\"t5g_181\">44.68 </span><span class=\"S4132 SC4 S2\" id=\"t5h_181\">48 % </span><span class=\"S4133 SC4 S2\" id=\"t5i_181\">23 445 794 </span><span class=\"S4134 SC4 S2\" id=\"t5j_181\">41.63 </span><span class=\"S4135 SC4 S2\" id=\"t5k_181\">51 % </span><span class=\"S4136 SAF1 S2\" id=\"t5l_181\">* The amounts are adjusted with the LSG`s shareholders (controlling interests) share of fair value adjustment related to biological assets. </span><span class=\"S4137 SAF1 S2\" id=\"t5m_181\">The adjustment is after tax. Included in the adjustment is also the Groups\u2019 share of such adjustments from associates (after tax). </span><span class=\"S4138 SAF1 S2\" id=\"t5n_181\">Earnings per share before fair value adjustment is an Alternative Performance Measure. For calculation see note on APM`s. </span><span class=\"S4139 S109 S2\" id=\"t5o_181\">Earnings per share since the date of listing </span><span class=\"S18EE SC3 S2\" id=\"t5v_181\">All \ufb01gures in NOK 1 000, with exception of earnings per share </span><span class=\"S413A S18EC S2\" id=\"t5w_181\">NOTE 19 </span><span class=\"S413B S18EC S2\" id=\"t5x_181\">Earnings per share </span><span class=\"S3DA2 SC7 S2\" id=\"t1_182\">Distributed dividend in current \ufb01nancial year </span><span class=\"S413C SC8 S2\" id=\"t2_182\">Distributed dividend in 2022, based on 2021 pro\ufb01t, was NOK 2.50 per share. This amounts to NOK 1 489 434. </span><span class=\"S413D SC7 S2\" id=\"t3_182\">Recommended dividend </span><span class=\"S413E SC8 S2\" id=\"t4_182\">Based on the 2022 pro\ufb01t, a corresponding dividend of NOK 2.50 per share is recommended for distribution in 2023. This </span><span class=\"S413F SC8 S2\" id=\"t5_182\">amounts to NOK 1 489 434. A \ufb01nal decision will be made by the general meeting on 23 May 2023. </span><span class=\"S4140 SC7 S2\" id=\"t6_182\">Dividend per share since the date of listing </span><span class=\"S4141 SC4 S2\" id=\"t7_182\">Year </span><span class=\"S4142 SC4 S2\" id=\"t8_182\">Dividend recommended </span><span class=\"S4143 SC4 S2\" id=\"t9_182\">Dividend distributed </span><span class=\"S4144 SC4 S2\" id=\"ta_182\">Number of </span><span class=\"S4145 SC4 S2\" id=\"tb_182\">issued shares 31.12 </span><span class=\"S4146 SC4 S2\" id=\"tc_182\">(in 1 </span><span class=\"S4147 SC4 S2\" id=\"td_182\">000) </span><span class=\"S4148 SC4 S2\" id=\"te_182\">Recommended </span><span class=\"S4149 SC4 S2\" id=\"tf_182\">dividend </span><span class=\"S414A SC4 S2\" id=\"tg_182\">per share </span><span class=\"S414B SC4 S2\" id=\"th_182\">Recommended </span><span class=\"S414C SC4 S2\" id=\"ti_182\">dividend </span><span class=\"S414D SC4 S2\" id=\"tj_182\">Number of </span><span class=\"S414E SC4 S2\" id=\"tk_182\">shares as basis </span><span class=\"S414F SC4 S2\" id=\"tl_182\">for distribution </span><span class=\"S4150 SC4 S2\" id=\"tm_182\">(in 1 </span><span class=\"S4151 SC4 S2\" id=\"tn_182\">000) </span><span class=\"S4152 SC4 S2\" id=\"to_182\">Dividend </span><span class=\"S4153 SC4 S2\" id=\"tp_182\">distributed </span><span class=\"S4154 SC4 S2\" id=\"tq_182\">per share </span><span class=\"S4155 SC4 S2\" id=\"tr_182\">Dividend </span><span class=\"S4156 SC4 S2\" id=\"ts_182\">distributed </span><span class=\"S4157 SC4 S2\" id=\"tt_182\">2022 </span><span class=\"S4158 SC4 S2\" id=\"tu_182\">595 774 </span><span class=\"S4159 SC4 S2\" id=\"tv_182\">2.50 </span><span class=\"S415A SC4 S2\" id=\"tw_182\">1 489 434 </span><span class=\"S415B SC4 S2\" id=\"tx_182\">595 774 </span><span class=\"S415C SC4 S2\" id=\"ty_182\">2.50 </span><span class=\"S415D SC4 S2\" id=\"tz_182\">1 489 434 </span><span class=\"S415E SC5 S2\" id=\"t10_182\">2021 </span><span class=\"S415F SC5 S2\" id=\"t11_182\">595 774 </span><span class=\"S4160 SC5 S2\" id=\"t12_182\">2.50 </span><span class=\"S4161 SC5 S2\" id=\"t13_182\">1 489 434 </span><span class=\"S4162 SC5 S2\" id=\"t14_182\">595 774 </span><span class=\"S4163 SC5 S2\" id=\"t15_182\">2.00 </span><span class=\"S4164 SC5 S2\" id=\"t16_182\">1 191 547 </span><span class=\"S4165 SC5 S2\" id=\"t17_182\">2020 </span><span class=\"S4166 SC5 S2\" id=\"t18_182\">595 774 </span><span class=\"S4167 SC5 S2\" id=\"t19_182\">2.00 </span><span class=\"S4168 SC5 S2\" id=\"t1a_182\">1 191 547 </span><span class=\"S4169 SC5 S2\" id=\"t1b_182\">595 774 </span><span class=\"S416A SC5 S2\" id=\"t1c_182\">1.50 </span><span class=\"S416B SC5 S2\" id=\"t1d_182\">893 661 </span><span class=\"S416C SC5 S2\" id=\"t1e_182\">2019 </span><span class=\"S416D SC5 S2\" id=\"t1f_182\">595 774 </span><span class=\"S416E SC5 S2\" id=\"t1g_182\">1.50 </span><span class=\"S416F SC5 S2\" id=\"t1h_182\">893 661 </span><span class=\"S4170 SC5 S2\" id=\"t1i_182\">595 774 </span><span class=\"S4171 SC5 S2\" id=\"t1j_182\">2.00 </span><span class=\"S4172 SC5 S2\" id=\"t1k_182\">1 191 547 </span><span class=\"S4173 SC5 S2\" id=\"t1l_182\">2018 </span><span class=\"S4174 SC5 S2\" id=\"t1m_182\">595 774 </span><span class=\"S4175 SC5 S2\" id=\"t1n_182\">2.00 </span><span class=\"S4176 SC5 S2\" id=\"t1o_182\">1 191 547 </span><span class=\"S4177 SC5 S2\" id=\"t1p_182\">595 774 </span><span class=\"S4178 SC5 S2\" id=\"t1q_182\">1.50 </span><span class=\"S4179 SC5 S2\" id=\"t1r_182\">893 661 </span><span class=\"S417A SC5 S2\" id=\"t1s_182\">2017 </span><span class=\"S417B SC5 S2\" id=\"t1t_182\">595 774 </span><span class=\"S417C SC5 S2\" id=\"t1u_182\">1.50 </span><span class=\"S417D SC5 S2\" id=\"t1v_182\">893 661 </span><span class=\"S417E SC5 S2\" id=\"t1w_182\">595 774 </span><span class=\"S417F SC5 S2\" id=\"t1x_182\">1.30 </span><span class=\"S4180 SC5 S2\" id=\"t1y_182\">774 506 </span><span class=\"S4181 SC5 S2\" id=\"t1z_182\">2016 </span><span class=\"S4182 SC5 S2\" id=\"t20_182\">595 774 </span><span class=\"S4183 SC5 S2\" id=\"t21_182\">1.30 </span><span class=\"S4184 SC5 S2\" id=\"t22_182\">774 506 </span><span class=\"S4185 SC5 S2\" id=\"t23_182\">545 774 </span><span class=\"S4186 SC5 S2\" id=\"t24_182\">1.20 </span><span class=\"S4187 SC5 S2\" id=\"t25_182\">654 928 </span><span class=\"S4188 SC5 S2\" id=\"t26_182\">2015 </span><span class=\"S4189 SC5 S2\" id=\"t27_182\">545 774 </span><span class=\"S418A SC5 S2\" id=\"t28_182\">1.20 </span><span class=\"S418B SC5 S2\" id=\"t29_182\">654 928 </span><span class=\"S418C SC5 S2\" id=\"t2a_182\">545 774 </span><span class=\"S418D SC5 S2\" id=\"t2b_182\">1.20 </span><span class=\"S418E SC5 S2\" id=\"t2c_182\">654 928 </span><span class=\"S418F SC5 S2\" id=\"t2d_182\">2014 </span><span class=\"S4190 SC5 S2\" id=\"t2e_182\">545 774 </span><span class=\"S4191 SC5 S2\" id=\"t2f_182\">1.20 </span><span class=\"S4192 SC5 S2\" id=\"t2g_182\">654 928 </span><span class=\"S4193 SC5 S2\" id=\"t2h_182\">545 774 </span><span class=\"S4194 SC5 S2\" id=\"t2i_182\">1.00 </span><span class=\"S4195 SC5 S2\" id=\"t2j_182\">545 774 </span><span class=\"S4196 SC5 S2\" id=\"t2k_182\">2013 </span><span class=\"S4197 SC5 S2\" id=\"t2l_182\">545 774 </span><span class=\"S4198 SC5 S2\" id=\"t2m_182\">1.00 </span><span class=\"S4199 SC5 S2\" id=\"t2n_182\">545 774 </span><span class=\"S419A SC5 S2\" id=\"t2o_182\">545 774 </span><span class=\"S419B SC5 S2\" id=\"t2p_182\">0.70 </span><span class=\"S419C SC5 S2\" id=\"t2q_182\">382 042 </span><span class=\"S419D SC5 S2\" id=\"t2r_182\">2012 </span><span class=\"S419E SC5 S2\" id=\"t2s_182\">545 774 </span><span class=\"S419F SC5 S2\" id=\"t2t_182\">0.70 </span><span class=\"S41A0 SC5 S2\" id=\"t2u_182\">382 042 </span><span class=\"S41A1 SC5 S2\" id=\"t2v_182\">545 774 </span><span class=\"S41A2 SC5 S2\" id=\"t2w_182\">0.70 </span><span class=\"S41A3 SC5 S2\" id=\"t2x_182\">382 042 </span><span class=\"S41A4 SC5 S2\" id=\"t2y_182\">2011 </span><span class=\"S41A5 SC5 S2\" id=\"t2z_182\">545 774 </span><span class=\"S41A6 SC5 S2\" id=\"t30_182\">0.70 </span><span class=\"S41A7 SC5 S2\" id=\"t31_182\">382 042 </span><span class=\"S41A8 SC5 S2\" id=\"t32_182\">545 774 </span><span class=\"S41A9 SC5 S2\" id=\"t33_182\">1.00 </span><span class=\"S41AA SC5 S2\" id=\"t34_182\">545 774 </span><span class=\"S41AB SC5 S2\" id=\"t35_182\">2010 </span><span class=\"S41AC SC5 S2\" id=\"t36_182\">545 774 </span><span class=\"S41AD SC5 S2\" id=\"t37_182\">1.00 </span><span class=\"S41AE SC5 S2\" id=\"t38_182\">545 774 </span><span class=\"S41AF SC5 S2\" id=\"t39_182\">535 774 </span><span class=\"S41B0 SC5 S2\" id=\"t3a_182\">0.70 </span><span class=\"S41B1 SC5 S2\" id=\"t3b_182\">375 042 </span><span class=\"S41B2 SC5 S2\" id=\"t3c_182\">2009 </span><span class=\"S41B3 SC5 S2\" id=\"t3d_182\">535 774 </span><span class=\"S41B4 SC5 S2\" id=\"t3e_182\">0.70 </span><span class=\"S41B5 SC5 S2\" id=\"t3f_182\">375 042 </span><span class=\"S41B6 SC5 S2\" id=\"t3g_182\">535 774 </span><span class=\"S41B7 SC5 S2\" id=\"t3h_182\">0.28 </span><span class=\"S41B8 SC5 S2\" id=\"t3i_182\">150 017 </span><span class=\"S41B9 SC5 S2\" id=\"t3j_182\">2008 </span><span class=\"S41BA SC5 S2\" id=\"t3k_182\">535 774 </span><span class=\"S41BB SC5 S2\" id=\"t3l_182\">0.28 </span><span class=\"S41BC SC5 S2\" id=\"t3m_182\">150 017 </span><span class=\"S41BD SC5 S2\" id=\"t3n_182\">535 774 </span><span class=\"S41BE SC5 S2\" id=\"t3o_182\">0.18 </span><span class=\"S41BF SC5 S2\" id=\"t3p_182\">96 439 </span><span class=\"S41C0 SC5 S2\" id=\"t3q_182\">2007 </span><span class=\"S41C1 SC5 S2\" id=\"t3r_182\">535 774 </span><span class=\"S41C2 SC5 S2\" id=\"t3s_182\">0.18 </span><span class=\"S41C3 SC5 S2\" id=\"t3t_182\">96 439 </span><span class=\"S41C4 SC5 S2\" id=\"t3u_182\">535 774 </span><span class=\"S41C5 SC5 S2\" id=\"t3v_182\">0.40 </span><span class=\"S41C6 SC5 S2\" id=\"t3w_182\">214 309 </span><span class=\"S41C7 SC5 S2\" id=\"t3x_182\">2006 </span><span class=\"S41C8 SC5 S2\" id=\"t3y_182\">427 774 </span><span class=\"S41C9 SC5 S2\" id=\"t3z_182\">0.50 </span><span class=\"S41CA SC5 S2\" id=\"t40_182\">214 309 </span><span class=\"S41CB SC5 S2\" id=\"t41_182\">427 770 </span><span class=\"S41CC SC5 S2\" id=\"t42_182\">0.18 </span><span class=\"S41CD SC5 S2\" id=\"t43_182\">76 999 </span><span class=\"S41CE SC5 S2\" id=\"t44_182\">2005 </span><span class=\"S41CF SC5 S2\" id=\"t45_182\">393 774 </span><span class=\"S41D0 SC5 S2\" id=\"t46_182\">0.18 </span><span class=\"S41D1 SC5 S2\" id=\"t47_182\">70 879 </span><span class=\"S41D2 SC5 S2\" id=\"t48_182\">378 848 </span><span class=\"S41D3 SC5 S2\" id=\"t49_182\">0.08 </span><span class=\"S41D4 SC5 S2\" id=\"t4a_182\">30 308 </span><span class=\"S41D5 SC5 S2\" id=\"t4b_182\">2004 </span><span class=\"S41D6 SC5 S2\" id=\"t4c_182\">344 408 </span><span class=\"S41D7 SC5 S2\" id=\"t4d_182\">0.09 </span><span class=\"S41D8 SC5 S2\" id=\"t4e_182\">30 308 </span><span class=\"S41D9 SC5 S2\" id=\"t4f_182\">344 408 </span><span class=\"S41DA SC5 S2\" id=\"t4g_182\">0.06 </span><span class=\"S41DB SC5 S2\" id=\"t4h_182\">20 665 </span><span class=\"S41DC SC5 S2\" id=\"t4i_182\">2003 </span><span class=\"S41DD SC5 S2\" id=\"t4j_182\">344 408 </span><span class=\"S41DE SC5 S2\" id=\"t4k_182\">0.06 </span><span class=\"S41DF SC5 S2\" id=\"t4l_182\">20 664 </span><span class=\"S41E0 SC5 S2\" id=\"t4m_182\">294 408 </span><span class=\"S41E1 SC5 S2\" id=\"t4n_182\">0.06 </span><span class=\"S41E2 SC5 S2\" id=\"t4o_182\">17 664 </span><span class=\"S41E3 SC5 S2\" id=\"t4p_182\">2002 </span><span class=\"S41E4 SC5 S2\" id=\"t4q_182\">294 408 </span><span class=\"S41E5 SC5 S2\" id=\"t4r_182\">0.06 </span><span class=\"S41E6 SC5 S2\" id=\"t4s_182\">17 664 </span><span class=\"S41E7 SC5 S2\" id=\"t4t_182\">194 408 </span><span class=\"S41E8 SC5 S2\" id=\"t4u_182\">0.06 </span><span class=\"S41E9 SC5 S2\" id=\"t4v_182\">11 664 </span><span class=\"S41EA SC4 S2\" id=\"t4w_182\">Total </span><span class=\"S41EB SC4 S2\" id=\"t4x_182\">21.15 </span><span class=\"S41EC SC4 S2\" id=\"t4y_182\">12 064 600 </span><span class=\"S41ED SC4 S2\" id=\"t4z_182\">18.60 </span><span class=\"S41EE SC4 S2\" id=\"t50_182\">10 592 950 </span><span class=\"S41EF SC5 S2\" id=\"t51_182\">Recommended dividend to be distributed in 2023 </span><span class=\"S41F0 SC5 S2\" id=\"t52_182\">2.50 </span><span class=\"S41F1 SC5 S2\" id=\"t53_182\">1 489 434 </span><span class=\"S2946 SC4 S2\" id=\"t54_182\">Accumulated dividend distributed. plus dividend recommended for distribution in 2023 </span><span class=\"S41F2 SC4 S2\" id=\"t55_182\">21.10 </span><span class=\"S41F3 SC4 S2\" id=\"t56_182\">12 082 384 </span><span class=\"S1A15 SC3 S2\" id=\"t5d_182\">All \ufb01gures in NOK 1 000, with exception of dividend per share </span><span class=\"S41F5 S18EC S2\" id=\"t5e_182\">NOTE 20 </span><span class=\"S41F6 S18EC S2\" id=\"t5f_182\">Dividend per share </span><span class=\"S41F7 SC8 S2\" id=\"t1_183\">Ler\u00f8y Seafood Group ASA had 22,698 shareholders at 31 December 2022. The corresponding number at year end 2021 </span><span class=\"S41F8 SC8 S2\" id=\"t2_183\">was 19,056. All shares confer the same rights in the company. End of 2022 it was 604 foreign shareholders. The </span><span class=\"S41F9 SC8 S2\" id=\"t3_183\">corresponding number at year end 2021 was 566. End of 2022 foreign shareholders owned 139,783,088 shares in total, </span><span class=\"S41FA SC8 S2\" id=\"t4_183\">representing 23.4% of the total capital. Corresponding numbers at year end 2021 was 181,781,544 shares, representing </span><span class=\"S41FB SC8 S2\" id=\"t5_183\">30.5% of the total capital. </span><span class=\"S41FC SC4 S2\" id=\"t6_183\">The share capital consists of </span><span class=\"S41FD SC4 S2\" id=\"t7_183\">Total number </span><span class=\"S41FE SC4 S2\" id=\"t8_183\">of shares </span><span class=\"S41FF SC4 S2\" id=\"t9_183\">Nominal value </span><span class=\"S4200 SC4 S2\" id=\"ta_183\">per share </span><span class=\"S4201 SC4 S2\" id=\"tb_183\">Book value </span><span class=\"S4202 SC5 S2\" id=\"tc_183\">Share capital 01.01.2022 </span><span class=\"S4203 SC5 S2\" id=\"td_183\">595 773 680 </span><span class=\"S4204 SC5 S2\" id=\"te_183\">0.10 </span><span class=\"S4205 SC5 S2\" id=\"tf_183\">59 577 368 </span><span class=\"S2EA7 SC4 S2\" id=\"tg_183\">Share capital 31.12.2022 </span><span class=\"S4206 SC4 S2\" id=\"th_183\">595 773 680 </span><span class=\"S4207 SC4 S2\" id=\"ti_183\">0.10 </span><span class=\"S4208 SC4 S2\" id=\"tj_183\">59 577 368 </span><span class=\"S4209 SC4 S2\" id=\"tk_183\">Overview of the 20 largest shareholders at 31.12.2021 </span><span class=\"S420A SC4 S2\" id=\"tl_183\">No. of shares </span><span class=\"S420B SC4 S2\" id=\"tm_183\">Ownership </span><span class=\"S420C SC5 S2\" id=\"tn_183\">AUSTEVOLL SEAFOOD ASA </span><span class=\"S420D SC5 S2\" id=\"to_183\">313 942 810 </span><span class=\"S420E SC5 S2\" id=\"tp_183\">52.69 % </span><span class=\"S420F SC5 S2\" id=\"tq_183\">FOLKETRYGDFONDET </span><span class=\"S4210 SC5 S2\" id=\"tr_183\">32 314 492 </span><span class=\"S4211 SC5 S2\" id=\"ts_183\">5.42 % </span><span class=\"S4212 SC5 S2\" id=\"tt_183\">UBS AG </span><span class=\"S4213 SC5 S2\" id=\"tu_183\">18 484 295 </span><span class=\"S4214 SC5 S2\" id=\"tv_183\">3.10 % </span><span class=\"S4215 SC5 S2\" id=\"tw_183\">State Street Bank and Trust Comp (OM80) </span><span class=\"S4216 SC5 S2\" id=\"tx_183\">9 010 866 </span><span class=\"S4217 SC5 S2\" id=\"ty_183\">1.51 % </span><span class=\"S4218 SC5 S2\" id=\"tz_183\">The Bank of New York Mellon SA/NV </span><span class=\"S4219 SC5 S2\" id=\"t10_183\">7 559 304 </span><span class=\"S421A SC5 S2\" id=\"t11_183\">1.27 % </span><span class=\"S421B SC5 S2\" id=\"t12_183\">PARETO AKSJE NORGE VERDIPAPIRFOND </span><span class=\"S421C SC5 S2\" id=\"t13_183\">7 398 809 </span><span class=\"S421D SC5 S2\" id=\"t14_183\">1.24 % </span><span class=\"S421E SC5 S2\" id=\"t15_183\">FERD AS </span><span class=\"S421F SC5 S2\" id=\"t16_183\">6 682 048 </span><span class=\"S4220 SC5 S2\" id=\"t17_183\">1.12 % </span><span class=\"S4221 SC5 S2\" id=\"t18_183\">Banque Degroof Petercam Lux. SA </span><span class=\"S4222 SC5 S2\" id=\"t19_183\">6 627 179 </span><span class=\"S4223 SC5 S2\" id=\"t1a_183\">1.11 % </span><span class=\"S4224 SC5 S2\" id=\"t1b_183\">BNP PARIBAS SECURITIES SERVICES </span><span class=\"S4225 SC5 S2\" id=\"t1c_183\">5 532 810 </span><span class=\"S4226 SC5 S2\" id=\"t1d_183\">0.93 % </span><span class=\"S4227 SC5 S2\" id=\"t1e_183\">State Street Bank and Trust Comp (OMNIBUS F, REF:OM06) </span><span class=\"S4228 SC5 S2\" id=\"t1f_183\">5 477 668 </span><span class=\"S4229 SC5 S2\" id=\"t1g_183\">0.92 % </span><span class=\"S422A SC5 S2\" id=\"t1h_183\">JPMorgan Chase Bank, N.A., London (USA) </span><span class=\"S422B SC5 S2\" id=\"t1i_183\">4 769 577 </span><span class=\"S422C SC5 S2\" id=\"t1j_183\">0.80 % </span><span class=\"S422D SC5 S2\" id=\"t1k_183\">JPMorgan Chase Bank, N.A., London (UK) </span><span class=\"S422E SC5 S2\" id=\"t1l_183\">4 437 350 </span><span class=\"S422F SC5 S2\" id=\"t1m_183\">0.74 % </span><span class=\"S4230 SC5 S2\" id=\"t1n_183\">VERDIPAPIRFOND ODIN NORGE </span><span class=\"S4231 SC5 S2\" id=\"t1o_183\">4 263 903 </span><span class=\"S4232 SC5 S2\" id=\"t1p_183\">0.72 % </span><span class=\"S4233 SC5 S2\" id=\"t1q_183\">SIX SIS AG </span><span class=\"S4234 SC5 S2\" id=\"t1r_183\">3 939 925 </span><span class=\"S4235 SC5 S2\" id=\"t1s_183\">0.66 % </span><span class=\"S4236 SC5 S2\" id=\"t1t_183\">State Street Bank and Trust Comp </span><span class=\"S4237 SC5 S2\" id=\"t1u_183\">3 923 019 </span><span class=\"S4238 SC5 S2\" id=\"t1v_183\">0.66 % </span><span class=\"S4239 SC5 S2\" id=\"t1w_183\">DANSKE INVEST NORSKE INSTIT. II. </span><span class=\"S423A SC5 S2\" id=\"t1x_183\">3 797 761 </span><span class=\"S423B SC5 S2\" id=\"t1y_183\">0.64 % </span><span class=\"S423C SC5 S2\" id=\"t1z_183\">The Bank of New York Mellon </span><span class=\"S423D SC5 S2\" id=\"t20_183\">3 774 621 </span><span class=\"S423E SC5 S2\" id=\"t21_183\">0.63 % </span><span class=\"S423F SC5 S2\" id=\"t22_183\">J.P. Morgan Bank Luxembourg S.A. </span><span class=\"S4240 SC5 S2\" id=\"t23_183\">3 376 556 </span><span class=\"S4241 SC5 S2\" id=\"t24_183\">0.57 % </span><span class=\"S4242 SC5 S2\" id=\"t25_183\">CLEARSTREAM BANKING S.A. </span><span class=\"S4243 SC5 S2\" id=\"t26_183\">3 282 868 </span><span class=\"S4244 SC5 S2\" id=\"t27_183\">0.55 % </span><span class=\"S4245 SC5 S2\" id=\"t28_183\">VERDIPAPIRFONDET DNB NORGE </span><span class=\"S4246 SC5 S2\" id=\"t29_183\">3 208 080 </span><span class=\"S4247 SC5 S2\" id=\"t2a_183\">0.54 % </span><span class=\"S4248 SC4 S2\" id=\"t2b_183\">Total 20 largest shareholders </span><span class=\"S4249 SC4 S2\" id=\"t2c_183\">451 803 941 </span><span class=\"S424A SC4 S2\" id=\"t2d_183\">75.83 % </span><span class=\"S424B SC5 S2\" id=\"t2e_183\">Others </span><span class=\"S424C SC5 S2\" id=\"t2f_183\">143 969 739 </span><span class=\"S424D SC5 S2\" id=\"t2g_183\">24.17 % </span><span class=\"S424E SC4 S2\" id=\"t2h_183\">Total share capital </span><span class=\"S424F SC4 S2\" id=\"t2i_183\">595 773 680 </span><span class=\"S4250 SC4 S2\" id=\"t2j_183\">100.00 % </span><span class=\"S4252 S18EC S2\" id=\"t2r_183\">NOTE 21 </span><span class=\"S4253 S18EC S2\" id=\"t2s_183\">Share capital and shareholder information </span><span class=\"S4254 SC7 S2\" id=\"t1_184\">Shares owned by members of the Board and their related parties </span><span class=\"S4255 SC8 S2\" id=\"t2_184\">Chairman of the Board Arne M\u00f8gster and Board members Britt Kathrine Drivenes and Karoline M\u00f8gster have indirect </span><span class=\"S1D6D SC8 S2\" id=\"t3_184\">ownership in Ler\u00f8y Seafood Group ASA through the parent company Austevoll Seafood ASA. Arne M\u00f8gster and </span><span class=\"S4256 SC8 S2\" id=\"t4_184\">Karoline M\u00f8gster own their shares through the ultimate parent company Laco AS. </span><span class=\"S4257 SC8 S2\" id=\"t5_184\">Board member (employees\u2019 representative) Hans Petter Vestre owns 1,200 shares in Ler\u00f8y Seafood Group ASA at year </span><span class=\"S4258 SC8 S2\" id=\"t6_184\">end, which is the same number as the previous year. </span><span class=\"S4259 SC7 S2\" id=\"t7_184\">Shares owned by the Executive Management and their related parties </span><span class=\"S425A SC8 S2\" id=\"t8_184\">The Chief Operating Of\ufb01cer for VAPSD has also indirect ownership in Ler\u00f8y Seafood Group ASA through the parent </span><span class=\"S425B SC8 S2\" id=\"t9_184\">company </span><span class=\"S425C SC8 S2\" id=\"ta_184\">Austevoll Seafood ASA, where he owns 552 shares. </span><span class=\"S425D SC4 S2\" id=\"tb_184\">Overview of the 20 largest shareholders at 31.12.2022 </span><span class=\"S425E SC4 S2\" id=\"tc_184\">No. of shares </span><span class=\"S425F SC4 S2\" id=\"td_184\">Ownership </span><span class=\"S4260 SC5 S2\" id=\"te_184\">AUSTEVOLL SEAFOOD ASA </span><span class=\"S4261 SC5 S2\" id=\"tf_184\">313 942 810 </span><span class=\"S4262 SC5 S2\" id=\"tg_184\">52.69 % </span><span class=\"S4263 SC5 S2\" id=\"th_184\">FOLKETRYGDFONDET </span><span class=\"S4264 SC5 S2\" id=\"ti_184\">31 690 298 </span><span class=\"S4265 SC5 S2\" id=\"tj_184\">5.32 % </span><span class=\"S4266 SC5 S2\" id=\"tk_184\">UBS AG </span><span class=\"S4267 SC5 S2\" id=\"tl_184\">20 772 025 </span><span class=\"S4268 SC5 S2\" id=\"tm_184\">3.49 % </span><span class=\"S4269 SC5 S2\" id=\"tn_184\">FERD AS </span><span class=\"S426A SC5 S2\" id=\"to_184\">13 502 548 </span><span class=\"S426B SC5 S2\" id=\"tp_184\">2.27 % </span><span class=\"S426C SC5 S2\" id=\"tq_184\">The Bank of New York Mellon SA/NV </span><span class=\"S426D SC5 S2\" id=\"tr_184\">9 023 530 </span><span class=\"S426E SC5 S2\" id=\"ts_184\">1.51 % </span><span class=\"S426F SC5 S2\" id=\"tt_184\">PARETO AKSJE NORGE VERDIPAPIRFOND </span><span class=\"S4270 SC5 S2\" id=\"tu_184\">8 313 909 </span><span class=\"S4271 SC5 S2\" id=\"tv_184\">1.40 % </span><span class=\"S4272 SC5 S2\" id=\"tw_184\">State Street Bank and Trust Comp </span><span class=\"S4273 SC5 S2\" id=\"tx_184\">6 613 857 </span><span class=\"S4274 SC5 S2\" id=\"ty_184\">1.11 % </span><span class=\"S4275 SC5 S2\" id=\"tz_184\">State Street Bank and Trust Comp </span><span class=\"S4276 SC5 S2\" id=\"t10_184\">5 127 863 </span><span class=\"S4277 SC5 S2\" id=\"t11_184\">0.86 % </span><span class=\"S4278 SC5 S2\" id=\"t12_184\">JPMorgan Chase Bank, N.A., London </span><span class=\"S4279 SC5 S2\" id=\"t13_184\">5 058 877 </span><span class=\"S427A SC5 S2\" id=\"t14_184\">0.85 % </span><span class=\"S427B SC5 S2\" id=\"t15_184\">JPMorgan Chase Bank, N.A., London </span><span class=\"S427C SC5 S2\" id=\"t16_184\">4 811 257 </span><span class=\"S427D SC5 S2\" id=\"t17_184\">0.81 % </span><span class=\"S427E SC5 S2\" id=\"t18_184\">BNP Paribas Securities Services </span><span class=\"S427F SC5 S2\" id=\"t19_184\">4 790 002 </span><span class=\"S4280 SC5 S2\" id=\"t1a_184\">0.80 % </span><span class=\"S4281 SC5 S2\" id=\"t1b_184\">VERDIPAPIRFOND ODIN NORGE </span><span class=\"S4282 SC5 S2\" id=\"t1c_184\">4 438 261 </span><span class=\"S4283 SC5 S2\" id=\"t1d_184\">0.74 % </span><span class=\"S4284 SC5 S2\" id=\"t1e_184\">DANSKE INVEST NORSKE INSTIT. II. </span><span class=\"S4285 SC5 S2\" id=\"t1f_184\">4 346 124 </span><span class=\"S4286 SC5 S2\" id=\"t1g_184\">0.73 % </span><span class=\"S4287 SC5 S2\" id=\"t1h_184\">SIX SIS AG </span><span class=\"S4288 SC5 S2\" id=\"t1i_184\">4 263 903 </span><span class=\"S4289 SC5 S2\" id=\"t1j_184\">0.72 % </span><span class=\"S428A SC5 S2\" id=\"t1k_184\">The Bank of New York Mellon </span><span class=\"S428B SC5 S2\" id=\"t1l_184\">3 545 086 </span><span class=\"S428C SC5 S2\" id=\"t1m_184\">0.60 % </span><span class=\"S428D SC5 S2\" id=\"t1n_184\">CLEARSTREAM BANKING S.A. </span><span class=\"S428E SC5 S2\" id=\"t1o_184\">3 044 253 </span><span class=\"S428F SC5 S2\" id=\"t1p_184\">0.51 % </span><span class=\"S4290 SC5 S2\" id=\"t1q_184\">State Street Bank and Trust Comp </span><span class=\"S4291 SC5 S2\" id=\"t1r_184\">2 825 930 </span><span class=\"S4292 SC5 S2\" id=\"t1s_184\">0.47 % </span><span class=\"S4293 SC5 S2\" id=\"t1t_184\">J.P. Morgan SE </span><span class=\"S4294 SC5 S2\" id=\"t1u_184\">2 788 744 </span><span class=\"S4295 SC5 S2\" id=\"t1v_184\">0.47 % </span><span class=\"S4296 SC5 S2\" id=\"t1w_184\">J.P. Morgan SE </span><span class=\"S4297 SC5 S2\" id=\"t1x_184\">2 723 515 </span><span class=\"S4298 SC5 S2\" id=\"t1y_184\">0.46 % </span><span class=\"S4299 SC5 S2\" id=\"t1z_184\">VPF DNB AM NORSKE AKSJER </span><span class=\"S429A SC5 S2\" id=\"t20_184\">2 713 021 </span><span class=\"S429B SC5 S2\" id=\"t21_184\">0.46 % </span><span class=\"S429C SC4 S2\" id=\"t22_184\">Total 20 largest shareholders </span><span class=\"S429D SC4 S2\" id=\"t23_184\">454 335 813 </span><span class=\"S429E SC4 S2\" id=\"t24_184\">76.26 % </span><span class=\"S429F SC5 S2\" id=\"t25_184\">Others </span><span class=\"S42A0 SC5 S2\" id=\"t26_184\">141 437 867 </span><span class=\"S42A1 SC5 S2\" id=\"t27_184\">23.74 % </span><span class=\"S42A2 SC4 S2\" id=\"t28_184\">Total share capital </span><span class=\"S42A3 SC4 S2\" id=\"t29_184\">595 773 680 </span><span class=\"S42A4 SC4 S2\" id=\"t2a_184\">100.00 % </span><span class=\"S42A5 SC4 S2\" id=\"t2b_184\">Name </span><span class=\"S42A6 SC4 S2\" id=\"t2c_184\">Position </span><span class=\"S42A7 SC4 S2\" id=\"t2d_184\">2022 </span><span class=\"S42A8 SC4 S2\" id=\"t2e_184\">2021 </span><span class=\"S42A9 SC5 S2\" id=\"t2f_184\">Henning Beltestad </span><span class=\"S42AA SC5 S2\" id=\"t2g_184\">CEO </span><span class=\"S42AB SC5 S2\" id=\"t2h_184\">64 200 </span><span class=\"S42AC SC5 S2\" id=\"t2i_184\">49 200 </span><span class=\"S42AD SC5 S2\" id=\"t2j_184\">Sjur Malm </span><span class=\"S42AE SC5 S2\" id=\"t2k_184\">CFO </span><span class=\"S42AF SC5 S2\" id=\"t2l_184\">15 000 </span><span class=\"S42B0 SC5 S2\" id=\"t2m_184\">15 000 </span><span class=\"S42B1 SC5 S2\" id=\"t2n_184\">Ivar Wulff </span><span class=\"S42B2 SC5 S2\" id=\"t2o_184\">COO VAPSD </span><span class=\"S42B3 SC5 S2\" id=\"t2p_184\">12 000 </span><span class=\"S42B4 SC5 S2\" id=\"t2q_184\">0 </span><span class=\"S42B5 SC5 S2\" id=\"t2r_184\">Bjarne Reinert </span><span class=\"S42B6 SC5 S2\" id=\"t2s_184\">COO Farming </span><span class=\"S42B7 SC5 S2\" id=\"t2t_184\">2 800 </span><span class=\"S42B8 SC5 S2\" id=\"t2u_184\">2 800 </span><span class=\"S42B9 SC5 S2\" id=\"t2v_184\">Siren Gr\u00f8nhaug </span><span class=\"S42BA SC5 S2\" id=\"t2w_184\">CHRO </span><span class=\"S42BB SC5 S2\" id=\"t2x_184\">1 200 </span><span class=\"S42BC SC5 S2\" id=\"t2y_184\">1 200 </span><span class=\"S42BD SC4 S2\" id=\"t2z_184\">Total </span><span class=\"S42BE SC4 S2\" id=\"t30_184\">95 200 </span><span class=\"S42BF SC4 S2\" id=\"t31_184\">68 200 </span><span class=\"S42C0 S18EC S2\" id=\"t39_184\">NOTE 21 cont. </span><span class=\"S38BF S18EC S2\" id=\"t3a_184\">Share capital and shareholder information </span><span class=\"S42C1 SC8 S2\" id=\"t1_185\">Remuneration of board members </span><span class=\"S42C2 SC8 S2\" id=\"t2_185\">totalled NOK 1 567 in 2022 (equally </span><span class=\"S42C3 SC8 S2\" id=\"t3_185\">distributed). The remuneration in </span><span class=\"S42C4 SC8 S2\" id=\"t4_185\">2021 was NOK 1 250. The number of </span><span class=\"S42C5 SC8 S2\" id=\"t5_185\">Board members has been reduced </span><span class=\"S42C6 SC8 S2\" id=\"t6_185\">from 7 to 6 persons during 2022. </span><span class=\"S42C7 SC8 S2\" id=\"t7_185\">Remuneration of the nomination </span><span class=\"S42C8 SC8 S2\" id=\"t8_185\">committee is unchanged compared </span><span class=\"S42C9 SC8 S2\" id=\"t9_185\">to the previous year, and amounts to </span><span class=\"S42CA SC8 S2\" id=\"ta_185\">NOK 135 in 2022. As for the members </span><span class=\"S42CB SC8 S2\" id=\"tb_185\">of the Board, the remuneration per </span><span class=\"S42CC SC8 S2\" id=\"tc_185\">member is equally distributed. </span><span class=\"S42CD SC8 S2\" id=\"td_185\">Remuneration of the audit </span><span class=\"S42CE SC8 S2\" id=\"te_185\">committee is increased compared to </span><span class=\"S42CF SC8 S2\" id=\"tf_185\">the previous year, and amounts to </span><span class=\"S42D0 SC8 S2\" id=\"tg_185\">NOK 230 in 2022, compared to NOK 170 </span><span class=\"S42D1 SC8 S2\" id=\"th_185\">in 2021. The remuneration per member </span><span class=\"S42D2 SC8 S2\" id=\"ti_185\">is equally distributed. </span><span class=\"S42D3 SC8 S2\" id=\"tj_185\">A description of the main principles </span><span class=\"S42D4 SC8 S2\" id=\"tk_185\">for the company`s salary policy is </span><span class=\"S42D5 SC8 S2\" id=\"tl_185\">included in the Board of Directors\u2019 </span><span class=\"S42D6 SC8 S2\" id=\"tm_185\">statement regarding salary and other </span><span class=\"S42D7 SC8 S2\" id=\"tn_185\">remuneration of executive personnel. </span><span class=\"S42D8 SC4 S2\" id=\"to_185\">Payroll costs </span><span class=\"S42D9 SC4 S2\" id=\"tp_185\">2022 </span><span class=\"S42DA SC4 S2\" id=\"tq_185\">2021 </span><span class=\"S42DB SC5 S2\" id=\"tr_185\">Salary </span><span class=\"S42DC SC5 S2\" id=\"ts_185\">2 968 050 </span><span class=\"S42DD SC5 S2\" id=\"tt_185\">2 693 567 </span><span class=\"S3B90 SC5 S2\" id=\"tu_185\">Employer's national insurance contribution </span><span class=\"S42DE SC5 S2\" id=\"tv_185\">256 988 </span><span class=\"S42DF SC5 S2\" id=\"tw_185\">228 712 </span><span class=\"S42E0 SC5 S2\" id=\"tx_185\">Hired personnel </span><span class=\"S42E1 SC5 S2\" id=\"ty_185\">274 299 </span><span class=\"S42E2 SC5 S2\" id=\"tz_185\">241 863 </span><span class=\"S42E3 SC5 S2\" id=\"t10_185\">Pension costs </span><span class=\"S42E4 SC5 S2\" id=\"t11_185\">146 508 </span><span class=\"S42E5 SC5 S2\" id=\"t12_185\">136 877 </span><span class=\"S42E6 SC5 S2\" id=\"t13_185\">Other remuneration </span><span class=\"S42E7 SC5 S2\" id=\"t14_185\">62 277 </span><span class=\"S42E8 SC5 S2\" id=\"t15_185\">67 557 </span><span class=\"S42E9 SC5 S2\" id=\"t16_185\">Other personnel expenses </span><span class=\"S42EA SC5 S2\" id=\"t17_185\">107 710 </span><span class=\"S42EB SC5 S2\" id=\"t18_185\">105 252 </span><span class=\"S42EC SC4 S2\" id=\"t19_185\">Total </span><span class=\"S42ED SC4 S2\" id=\"t1a_185\">3 815 833 </span><span class=\"S42EE SC4 S2\" id=\"t1b_185\">3 473 829 </span><span class=\"S324E SC4 S2\" id=\"t1c_185\">Employees, including hired personnel </span><span class=\"S42EF SC4 S2\" id=\"t1d_185\">2022 </span><span class=\"S42F0 SC4 S2\" id=\"t1e_185\">2021 </span><span class=\"S42F1 SC5 S2\" id=\"t1f_185\">Number of full-time equivalents </span><span class=\"S42F2 SC5 S2\" id=\"t1g_185\">5 092 </span><span class=\"S42F3 SC5 S2\" id=\"t1h_185\">4 591 </span><span class=\"S42F4 SC5 S2\" id=\"t1i_185\">Number of employees 31.12 </span><span class=\"S42F5 SC5 S2\" id=\"t1j_185\">5 972 </span><span class=\"S42F6 SC5 S2\" id=\"t1k_185\">5 475 </span><span class=\"S42F7 SC5 S2\" id=\"t1l_185\">Number of men employed 31.12 </span><span class=\"S42F8 SC5 S2\" id=\"t1m_185\">3 641 </span><span class=\"S42F9 SC5 S2\" id=\"t1n_185\">3 452 </span><span class=\"S42FA SC5 S2\" id=\"t1o_185\">Number of women employed 31.12 </span><span class=\"S42FB SC5 S2\" id=\"t1p_185\">2 331 </span><span class=\"S42FC SC5 S2\" id=\"t1q_185\">2 023 </span><span class=\"S42FD SC5 S2\" id=\"t1r_185\">Percentage of women employed 31.12 </span><span class=\"S42FE SC5 S2\" id=\"t1s_185\">39.0 % </span><span class=\"S42FF SC5 S2\" id=\"t1t_185\">36.9 % </span><span class=\"S4300 SC4 S2\" id=\"t1u_185\">Number of hired personnel 31.12 </span><span class=\"S4301 SC4 S2\" id=\"t1v_185\">853 </span><span class=\"S4302 SC4 S2\" id=\"t1w_185\">705 </span><span class=\"S4303 SC4 S2\" id=\"t1x_185\">Remuneration of senior executives in 2021 </span><span class=\"S4304 SC4 S2\" id=\"t1y_185\">Salary </span><span class=\"S4305 SC4 S2\" id=\"t1z_185\">Bonus </span><span class=\"S4306 SC4 S2\" id=\"t20_185\">Pension </span><span class=\"S4307 SC4 S2\" id=\"t21_185\">Other </span><span class=\"S4308 SC4 S2\" id=\"t22_185\">Total </span><span class=\"S40BF SC5 S2\" id=\"t23_185\">CEO </span><span class=\"S4309 SC5 S2\" id=\"t24_185\">3 564 </span><span class=\"S430A SC5 S2\" id=\"t25_185\">3 000 </span><span class=\"S430B SC5 S2\" id=\"t26_185\">174 </span><span class=\"S430C SC5 S2\" id=\"t27_185\">11 </span><span class=\"S430D SC5 S2\" id=\"t28_185\">6 749 </span><span class=\"S430E SC5 S2\" id=\"t29_185\">CFO </span><span class=\"S430F SC5 S2\" id=\"t2a_185\">2 719 </span><span class=\"S4310 SC5 S2\" id=\"t2b_185\">1 785 </span><span class=\"S4311 SC5 S2\" id=\"t2c_185\">175 </span><span class=\"S4312 SC5 S2\" id=\"t2d_185\">21 </span><span class=\"S4313 SC5 S2\" id=\"t2e_185\">4 700 </span><span class=\"S4314 SC5 S2\" id=\"t2f_185\">COO Farming </span><span class=\"S4315 SC5 S2\" id=\"t2g_185\">2 014 </span><span class=\"S4316 SC5 S2\" id=\"t2h_185\">209 </span><span class=\"S4317 SC5 S2\" id=\"t2i_185\">173 </span><span class=\"S4318 SC5 S2\" id=\"t2j_185\">11 </span><span class=\"S4319 SC5 S2\" id=\"t2k_185\">2 407 </span><span class=\"S431A SC5 S2\" id=\"t2l_185\">COO VAPSD </span><span class=\"S431B SC5 S2\" id=\"t2m_185\">2 198 </span><span class=\"S431C SC5 S2\" id=\"t2n_185\">1 000 </span><span class=\"S431D SC5 S2\" id=\"t2o_185\">172 </span><span class=\"S431E SC5 S2\" id=\"t2p_185\">30 </span><span class=\"S431F SC5 S2\" id=\"t2q_185\">3 400 </span><span class=\"S4320 SC5 S2\" id=\"t2r_185\">CHRO </span><span class=\"S4321 SC5 S2\" id=\"t2s_185\">1 974 </span><span class=\"S4322 SC5 S2\" id=\"t2t_185\">1 000 </span><span class=\"S4323 SC5 S2\" id=\"t2u_185\">174 </span><span class=\"S4324 SC5 S2\" id=\"t2v_185\">30 </span><span class=\"S4325 SC5 S2\" id=\"t2w_185\">3 178 </span><span class=\"S4326 SC4 S2\" id=\"t2x_185\">Remuneration of senior executives in 2022 </span><span class=\"S4327 SC4 S2\" id=\"t2y_185\">Salary </span><span class=\"S4328 SC4 S2\" id=\"t2z_185\">Bonus </span><span class=\"S4329 SC4 S2\" id=\"t30_185\">Pension </span><span class=\"S432A SC4 S2\" id=\"t31_185\">Other </span><span class=\"S432B SC4 S2\" id=\"t32_185\">Total </span><span class=\"S432C SC5 S2\" id=\"t33_185\">CEO </span><span class=\"S432D SC5 S2\" id=\"t34_185\">3 519 </span><span class=\"S432E SC5 S2\" id=\"t35_185\">4 600 </span><span class=\"S432F SC5 S2\" id=\"t36_185\">186 </span><span class=\"S4330 SC5 S2\" id=\"t37_185\">9 </span><span class=\"S4331 SC5 S2\" id=\"t38_185\">8 314 </span><span class=\"S4332 SC5 S2\" id=\"t39_185\">CFO </span><span class=\"S4333 SC5 S2\" id=\"t3a_185\">2 764 </span><span class=\"S4334 SC5 S2\" id=\"t3b_185\">2 054 </span><span class=\"S4335 SC5 S2\" id=\"t3c_185\">186 </span><span class=\"S4336 SC5 S2\" id=\"t3d_185\">9 </span><span class=\"S4337 SC5 S2\" id=\"t3e_185\">5 013 </span><span class=\"S4338 SC5 S2\" id=\"t3f_185\">COO Farming </span><span class=\"S4339 SC5 S2\" id=\"t3g_185\">2 096 </span><span class=\"S433A SC5 S2\" id=\"t3h_185\">1 120 </span><span class=\"S433B SC5 S2\" id=\"t3i_185\">186 </span><span class=\"S433C SC5 S2\" id=\"t3j_185\">9 </span><span class=\"S433D SC5 S2\" id=\"t3k_185\">3 411 </span><span class=\"S433E SC5 S2\" id=\"t3l_185\">COO VAPSD </span><span class=\"S433F SC5 S2\" id=\"t3m_185\">2 135 </span><span class=\"S4340 SC5 S2\" id=\"t3n_185\">1 120 </span><span class=\"S4341 SC5 S2\" id=\"t3o_185\">186 </span><span class=\"S4342 SC5 S2\" id=\"t3p_185\">9 </span><span class=\"S4343 SC5 S2\" id=\"t3q_185\">3 450 </span><span class=\"S4344 SC5 S2\" id=\"t3r_185\">CHRO </span><span class=\"S4345 SC5 S2\" id=\"t3s_185\">1 927 </span><span class=\"S4346 SC5 S2\" id=\"t3t_185\">1 120 </span><span class=\"S4347 SC5 S2\" id=\"t3u_185\">187 </span><span class=\"S4348 SC5 S2\" id=\"t3v_185\">9 </span><span class=\"S4349 SC5 S2\" id=\"t3w_185\">3 243 </span><span class=\"S434A S18EC S2\" id=\"t44_185\">NOTE 22 </span><span class=\"S434B S18EC S2\" id=\"t45_185\">Payroll costs, number of employees, remuneration, loans </span><span class=\"S434C S18EC S2\" id=\"t46_185\">to staff, etc. </span><span class=\"S434D SC8 S2\" id=\"t1_186\">to ensure an optimum strategic </span><span class=\"S2540 SC8 S2\" id=\"t2_186\">business development for the </span><span class=\"S434E SC8 S2\" id=\"t3_186\">company. However the Board has </span><span class=\"S434F SC8 S2\" id=\"t4_186\">established the practice of having </span><span class=\"S4350 SC8 S2\" id=\"t5_186\">the mandates renewed at each </span><span class=\"S4351 SC8 S2\" id=\"t6_186\">ordinary general meeting. </span><span class=\"S4352 SC7 S2\" id=\"t7_186\">Loans to employees </span><span class=\"S4353 SC8 S2\" id=\"t8_186\">No loans have been granted to the </span><span class=\"S4354 SC8 S2\" id=\"t9_186\">CEO, Chairman of the Board or other </span><span class=\"S4355 SC8 S2\" id=\"ta_186\">related parties. No single loan or </span><span class=\"S4356 SC8 S2\" id=\"tb_186\">guarantee to employees has been </span><span class=\"S4357 SC8 S2\" id=\"tc_186\">granted for more than 5% of the </span><span class=\"S4358 SC8 S2\" id=\"td_186\">company\u2019s equity. </span><span class=\"S4359 SC7 S2\" id=\"te_186\">Auditor </span><span class=\"S435A SC8 S2\" id=\"tf_186\">The Group auditor is </span><span class=\"S435B SC8 S2\" id=\"tg_186\">PricewaterhouseCoopers AS. </span><span class=\"S435C SC8 S2\" id=\"th_186\">Fees invoiced from the Group </span><span class=\"S435D SC8 S2\" id=\"ti_186\">auditor also include the law \ufb01rm </span><span class=\"S435E SC8 S2\" id=\"tj_186\">PricewaterhouseCoopers AS and </span><span class=\"S435F SC8 S2\" id=\"tk_186\">other PricewaterhouseCoopers </span><span class=\"S1CFB SC8 S2\" id=\"tl_186\">companies abroad. The auditing fee </span><span class=\"S4360 SC8 S2\" id=\"tm_186\">for the Group\u2019s auditor speci\ufb01ed </span><span class=\"S4361 SC8 S2\" id=\"tn_186\">below is the agreed fee for the audit </span><span class=\"S4362 SC8 S2\" id=\"to_186\">of the present year. Other fees </span><span class=\"S4363 SC8 S2\" id=\"tp_186\">concern services received during </span><span class=\"S4364 SC8 S2\" id=\"tq_186\">2022, and have been as follows: </span><span class=\"S4365 SC8 S2\" id=\"tr_186\">5,000,000 by issuing up to 50,000,000 </span><span class=\"S4366 SC8 S2\" id=\"ts_186\">shares in Ler\u00f8y Seafood Group ASA, </span><span class=\"S2DCA SC8 S2\" id=\"tt_186\">each with a nominal value of NOK 0.1, </span><span class=\"S4367 SC8 S2\" id=\"tu_186\">through one or more private placings </span><span class=\"S4368 SC8 S2\" id=\"tv_186\">with external investors, employees </span><span class=\"S4369 SC8 S2\" id=\"tw_186\">and some of the company\u2019s </span><span class=\"S436A SC8 S2\" id=\"tx_186\">shareholders. This type of mandate </span><span class=\"S436B SC8 S2\" id=\"ty_186\">was \ufb01rst established by the ordinary </span><span class=\"S436C SC8 S2\" id=\"tz_186\">general meeting of 4 May 1999 and </span><span class=\"S436D SC8 S2\" id=\"t10_186\">subsequently renewed by the ordinary </span><span class=\"S436E SC8 S2\" id=\"t11_186\">general meeting on 23 May 2022, and </span><span class=\"S20B6 SC8 S2\" id=\"t12_186\">is to remain valid for 24 months from </span><span class=\"S36AE SC8 S2\" id=\"t13_186\">the date on which the resolution was </span><span class=\"S436F SC8 S2\" id=\"t14_186\">adopted. The mandate was not </span><span class=\"S4370 SC8 S2\" id=\"t15_186\">exercised in 2022. It will be </span><span class=\"S31AA SC8 S2\" id=\"t16_186\">recommended that an equivalent </span><span class=\"S4371 SC8 S2\" id=\"t17_186\">mandate be approved by the ordinary </span><span class=\"S4372 SC8 S2\" id=\"t18_186\">general meeting on 23 May 2023. </span><span class=\"S4373 SC8 S2\" id=\"t19_186\">The Board\u2019s powers to distribute shares </span><span class=\"S20BD SC8 S2\" id=\"t1a_186\">has a maximum validity exceeding a </span><span class=\"S4374 SC8 S2\" id=\"t1b_186\">year, and are not limited to only certain </span><span class=\"S4375 SC8 S2\" id=\"t1c_186\">expressed purposes as recommended </span><span class=\"S4376 SC8 S2\" id=\"t1d_186\">in the NUES. This is mainly for </span><span class=\"S4377 SC8 S2\" id=\"t1e_186\">operational reasons, but also in order </span><span class=\"S1F9F SC8 S2\" id=\"t1f_186\">to clearly show that the company is </span><span class=\"S4378 SC8 S2\" id=\"t1g_186\">growth oriented and that shares are </span><span class=\"S4379 SC8 S2\" id=\"t1h_186\">regarded as an important means of </span><span class=\"S437A SC8 S2\" id=\"t1i_186\">payment. This practice is established </span><span class=\"S437B SC7 S2\" id=\"t1j_186\">Mandates granted to the </span><span class=\"S437C SC7 S2\" id=\"t1k_186\">Board of Directors </span><span class=\"S3A2C SC8 S2\" id=\"t1l_186\">Mandates are granted to the Board </span><span class=\"S437D SC8 S2\" id=\"t1m_186\">of Directors in accordance with the </span><span class=\"S437E SC8 S2\" id=\"t1n_186\">Public Limited Companies Act </span><span class=\"S437F SC8 S2\" id=\"t1o_186\">(Norway), cf. in particular chapters 8, </span><span class=\"S1D58 SC8 S2\" id=\"t1p_186\">9 and 10 of the Act. </span><span class=\"S4380 SC8 S2\" id=\"t1q_186\">The \ufb01rst time the Board was </span><span class=\"S4381 SC8 S2\" id=\"t1r_186\">authorised to acquire the company\u2019s </span><span class=\"S20E7 SC8 S2\" id=\"t1s_186\">own shares was at the ordinary </span><span class=\"S1FC6 SC8 S2\" id=\"t1t_186\">general meeting on 12 May 2000. This </span><span class=\"S4382 SC8 S2\" id=\"t1u_186\">mandate has been replaced with a </span><span class=\"S4383 SC8 S2\" id=\"t1v_186\">new mandate at the ordinary general </span><span class=\"S4384 SC8 S2\" id=\"t1w_186\">meeting on 23 May 2022. The mandate </span><span class=\"S4385 SC8 S2\" id=\"t1x_186\">remains valid for 18 months from the </span><span class=\"S4386 SC8 S2\" id=\"t1y_186\">date on which the resolution was </span><span class=\"S4387 SC8 S2\" id=\"t1z_186\">adopted. The Board has authority to </span><span class=\"S4388 SC8 S2\" id=\"t20_186\">acquire up to 50 million shares, each </span><span class=\"S4389 SC8 S2\" id=\"t21_186\">with a face value of NOK 0.1. The </span><span class=\"S36A1 SC8 S2\" id=\"t22_186\">lowest price to be paid is NOK 1 per </span><span class=\"S3B1D SC8 S2\" id=\"t23_186\">share, and the highest price per share </span><span class=\"S438A SC8 S2\" id=\"t24_186\">is NOK 100. The mandate has not been </span><span class=\"S438B SC8 S2\" id=\"t25_186\">exercised in 2022. Renewal of the </span><span class=\"S438C SC8 S2\" id=\"t26_186\">mandate will be recommended to </span><span class=\"S438D SC8 S2\" id=\"t27_186\">the general meeting on 23 May 2023. </span><span class=\"S236A SC8 S2\" id=\"t28_186\">The Board has authority to increase </span><span class=\"S438E SC8 S2\" id=\"t29_186\">the share capital by up to NOK </span><span class=\"S438F SC4 S2\" id=\"t2a_186\">Fees to auditor </span><span class=\"S4390 SC4 S2\" id=\"t2b_186\">2022 </span><span class=\"S4391 SC4 S2\" id=\"t2c_186\">2021 </span><span class=\"S4392 SC5 S2\" id=\"t2d_186\">Auditing fees Group auditor </span><span class=\"S4393 SC5 S2\" id=\"t2e_186\">9 256 </span><span class=\"S4394 SC5 S2\" id=\"t2f_186\">8 168 </span><span class=\"S4395 SC5 S2\" id=\"t2g_186\">Auditing fees other auditors </span><span class=\"S4396 SC5 S2\" id=\"t2h_186\">1 924 </span><span class=\"S4397 SC5 S2\" id=\"t2i_186\">1 942 </span><span class=\"S4398 SC5 S2\" id=\"t2j_186\">Other certi\ufb01cation services Group auditor </span><span class=\"S4399 SC5 S2\" id=\"t2k_186\">1 341 </span><span class=\"S439A SC5 S2\" id=\"t2l_186\">123 </span><span class=\"S439B SC5 S2\" id=\"t2m_186\">Other certi\ufb01cation services other auditors </span><span class=\"S439C SC5 S2\" id=\"t2n_186\">165 </span><span class=\"S439D SC5 S2\" id=\"t2o_186\">153 </span><span class=\"S439E SC5 S2\" id=\"t2p_186\">Tax advice Group auditor </span><span class=\"S439F SC5 S2\" id=\"t2q_186\">1 175 </span><span class=\"S43A0 SC5 S2\" id=\"t2r_186\">1 298 </span><span class=\"S43A1 SC5 S2\" id=\"t2s_186\">Tax advice other auditors </span><span class=\"S43A2 SC5 S2\" id=\"t2t_186\">20 </span><span class=\"S43A3 SC5 S2\" id=\"t2u_186\">90 </span><span class=\"S43A4 SC5 S2\" id=\"t2v_186\">Other services Group auditor </span><span class=\"S43A5 SC5 S2\" id=\"t2w_186\">6 001 </span><span class=\"S43A6 SC5 S2\" id=\"t2x_186\">2 290 </span><span class=\"S43A7 SC5 S2\" id=\"t2y_186\">Other services other auditors </span><span class=\"S43A8 SC5 S2\" id=\"t2z_186\">1 238 </span><span class=\"S43A9 SC5 S2\" id=\"t30_186\">729 </span><span class=\"S43AA SC4 S2\" id=\"t31_186\">Total </span><span class=\"S43AB SC4 S2\" id=\"t32_186\">21 120 </span><span class=\"S43AC SC4 S2\" id=\"t33_186\">14 793 </span><span class=\"S43AD SC8 S2\" id=\"t34_186\">Other services paid to group auditor </span><span class=\"S43AE SC8 S2\" id=\"t35_186\">for other services in 2022 consists of, </span><span class=\"S43AF SC8 S2\" id=\"t36_186\">among others, ESG related audits, </span><span class=\"S43B0 SC8 S2\" id=\"t37_186\">various legal and tecnical advice, HR </span><span class=\"S43B1 SC8 S2\" id=\"t38_186\">related services, assistance related </span><span class=\"S43B2 SC8 S2\" id=\"t39_186\">to establishment of framework for </span><span class=\"S43B3 SC8 S2\" id=\"t3a_186\">ESG reporting, and other. </span><span class=\"S43B5 S18EC S2\" id=\"t3i_186\">NOTE 22 cont. </span><span class=\"S43B6 S18EC S2\" id=\"t3j_186\">Payroll costs, number of employees, remuneration, loans </span><span class=\"S43B7 S18EC S2\" id=\"t3k_186\">to staff, etc. </span><span class=\"S43B8 SC7 S2\" id=\"t1_187\">Net \ufb01nancial items </span><span class=\"S43B9 SC4 S2\" id=\"t2_187\">Financial revenue </span><span class=\"S43BA SC4 S2\" id=\"t3_187\">2022 </span><span class=\"S43BB SC4 S2\" id=\"t4_187\">2021 </span><span class=\"S43BC SC5 S2\" id=\"t5_187\">Interest revenue </span><span class=\"S43BD SC5 S2\" id=\"t6_187\">35 812 </span><span class=\"S43BE SC5 S2\" id=\"t7_187\">29 193 </span><span class=\"S43BF SC5 S2\" id=\"t8_187\">Currency gain * </span><span class=\"S43C0 SC5 S2\" id=\"t9_187\">16 803 </span><span class=\"S43C1 SC5 S2\" id=\"ta_187\">40 006 </span><span class=\"S43C2 SC5 S2\" id=\"tb_187\">Income from other investments </span><span class=\"S43C3 SC5 S2\" id=\"tc_187\">358 </span><span class=\"S43C4 SC5 S2\" id=\"td_187\">2 207 </span><span class=\"S43C5 SC5 S2\" id=\"te_187\">Other \ufb01nancial revenue </span><span class=\"S43C6 SC5 S2\" id=\"tf_187\">2 665 </span><span class=\"S43C7 SC5 S2\" id=\"tg_187\">1 543 </span><span class=\"S43C8 SC4 S2\" id=\"th_187\">Total \ufb01nancial revenue </span><span class=\"S43C9 SC4 S2\" id=\"ti_187\">55 638 </span><span class=\"S43CA SC4 S2\" id=\"tj_187\">72 950 </span><span class=\"S43CB SC4 S2\" id=\"tk_187\">Financial costs </span><span class=\"S43CC SC4 S2\" id=\"tl_187\">2022 </span><span class=\"S43CD SC4 S2\" id=\"tm_187\">2021 </span><span class=\"S43CE SC5 S2\" id=\"tn_187\">Interest costs (speci\ufb01ed below) </span><span class=\"S43CF SC5 S2\" id=\"to_187\">321 627 </span><span class=\"S43D0 SC5 S2\" id=\"tp_187\">244 669 </span><span class=\"S43D1 SC5 S2\" id=\"tq_187\">Other \ufb01nancial costs </span><span class=\"S43D2 SC5 S2\" id=\"tr_187\">15 780 </span><span class=\"S43D3 SC5 S2\" id=\"ts_187\">22 205 </span><span class=\"S43D4 SC4 S2\" id=\"tt_187\">Total \ufb01nancial costs </span><span class=\"S43D5 SC4 S2\" id=\"tu_187\">337 407 </span><span class=\"S43D6 SC4 S2\" id=\"tv_187\">266 874 </span><span class=\"S43D7 SC4 S2\" id=\"tw_187\">Net \ufb01nancial items </span><span class=\"S43D8 SC4 S2\" id=\"tx_187\">-281 769 </span><span class=\"S43D9 SC4 S2\" id=\"ty_187\">-193 924 </span><span class=\"S43DA SAF1 S2\" id=\"tz_187\">* Currency gains and losses related to purchases and sales are presented as a part of the accounting line for cost of materials. </span><span class=\"S43DB SAF1 S2\" id=\"t10_187\">Net currency gain in 2022 is NOK 58.0 million. In 2021, net gain was NOK 75.2 million. </span><span class=\"S43DC SC4 S2\" id=\"t11_187\">Interest costs consist of </span><span class=\"S43DD SC4 S2\" id=\"t12_187\">2022 </span><span class=\"S43DE SC4 S2\" id=\"t13_187\">2021 </span><span class=\"S43DF SC5 S2\" id=\"t14_187\">Interests on bond loans </span><span class=\"S43E0 SC5 S2\" id=\"t15_187\">45 851 </span><span class=\"S43E1 SC5 S2\" id=\"t16_187\">9 846 </span><span class=\"S43E2 SC5 S2\" id=\"t17_187\">Interest on long term loans from credit institutions </span><span class=\"S43E3 SC5 S2\" id=\"t18_187\">140 936 </span><span class=\"S43E4 SC5 S2\" id=\"t19_187\">97 738 </span><span class=\"S43E5 SC5 S2\" id=\"t1a_187\">Interest on interest swap agreements </span><span class=\"S43E6 SC5 S2\" id=\"t1b_187\">-1 407 </span><span class=\"S43E7 SC5 S2\" id=\"t1c_187\">35 660 </span><span class=\"S43E8 SC5 S2\" id=\"t1d_187\">Interest on lease liabilities to credit institutions </span><span class=\"S43E9 SC5 S2\" id=\"t1e_187\">39 445 </span><span class=\"S43EA SC5 S2\" id=\"t1f_187\">26 839 </span><span class=\"S43EB SC5 S2\" id=\"t1g_187\">Interest on lease liabilities to others </span><span class=\"S43EC SC5 S2\" id=\"t1h_187\">67 000 </span><span class=\"S43ED SC5 S2\" id=\"t1i_187\">54 899 </span><span class=\"S43EE SC5 S2\" id=\"t1j_187\">Other interest cost </span><span class=\"S43EF SC5 S2\" id=\"t1k_187\">29 802 </span><span class=\"S43F0 SC5 S2\" id=\"t1l_187\">19 688 </span><span class=\"S43F1 SC4 S2\" id=\"t1m_187\">Total </span><span class=\"S43F2 SC4 S2\" id=\"t1n_187\">321 627 </span><span class=\"S43F3 SC4 S2\" id=\"t1o_187\">244 669 </span><span class=\"S43F4 S18EC S2\" id=\"t1w_187\">NOTE 23 </span><span class=\"S43F5 S18EC S2\" id=\"t1x_187\">Items that are combined in the \ufb01nancial statements </span><span class=\"S3188 SC8 S2\" id=\"t1_188\">Assets and liabilities in foreign </span><span class=\"S2537 SC8 S2\" id=\"t2_188\">enterprises are converted to </span><span class=\"S3454 SC8 S2\" id=\"t3_188\">Norwegian krone according to the </span><span class=\"S2DC7 SC8 S2\" id=\"t4_188\">exchange rate on balance sheet </span><span class=\"S3A2E SC8 S2\" id=\"t5_188\">date. Revenues and expenses from </span><span class=\"S43F6 SC8 S2\" id=\"t6_188\">foreign enterprises are converted to </span><span class=\"S1BA2 SC8 S2\" id=\"t7_188\">Norwegian krone according to the </span><span class=\"S43F7 SC8 S2\" id=\"t8_188\">average exchange rate. Translation </span><span class=\"S43F8 SC8 S2\" id=\"t9_188\">differences are charged to </span><span class=\"S43F9 SC8 S2\" id=\"ta_188\">comprehensive income. </span><span class=\"S43FA SC8 S2\" id=\"tb_188\">In the event of a disposal of a foreign </span><span class=\"S3096 SC8 S2\" id=\"tc_188\">enterprise, the relevant accumulated </span><span class=\"S43FB SC8 S2\" id=\"td_188\">translation differences allocated to </span><span class=\"S2DCA SC8 S2\" id=\"te_188\">the parent company\u2019s owners are </span><span class=\"S222D SC8 S2\" id=\"tf_188\">reversed over the income statement. </span><span class=\"S1BD6 SC8 S2\" id=\"tg_188\">The disposal of a foreign enterprise </span><span class=\"S3BD1 SC8 S2\" id=\"th_188\">may take the form either of a whole </span><span class=\"S43FC SC8 S2\" id=\"ti_188\">or partial sale of a subsidiary, joint </span><span class=\"S43FD SC8 S2\" id=\"tj_188\">venture or associate. When selling </span><span class=\"S43FE SC8 S2\" id=\"tk_188\">shares in a subsidiary without losing </span><span class=\"S43FF SC8 S2\" id=\"tl_188\">control, the relative share of the </span><span class=\"S4400 SC8 S2\" id=\"tm_188\">translation difference is transferred </span><span class=\"S2540 SC8 S2\" id=\"tn_188\">to non-controlling interests in the </span><span class=\"S4401 SC8 S2\" id=\"to_188\">equity statement. For other sale of </span><span class=\"S1CEB SC8 S2\" id=\"tp_188\">shares without the loss of joint </span><span class=\"S1C0B SC8 S2\" id=\"tq_188\">control or signi\ufb01cant in\ufb02uence, the </span><span class=\"S36B7 SC8 S2\" id=\"tr_188\">relative share of the accumulated </span><span class=\"S30B6 SC8 S2\" id=\"ts_188\">translation difference is reversed </span><span class=\"S2300 SC8 S2\" id=\"tt_188\">over pro\ufb01t or loss. </span><span class=\"S4402 SC4 S2\" id=\"tu_188\">LSG shareholders </span><span class=\"S4403 SC4 S2\" id=\"tv_188\">Non-controlling </span><span class=\"S4404 SC4 S2\" id=\"tw_188\">interests </span><span class=\"S4405 SC4 S2\" id=\"tx_188\">Total </span><span class=\"S4406 SC4 S2\" id=\"ty_188\">Accumulated currency translation differences as of 01.01.2021 </span><span class=\"S4407 SC4 S2\" id=\"tz_188\">140 290 </span><span class=\"S4408 SC4 S2\" id=\"t10_188\">0 </span><span class=\"S4409 SC4 S2\" id=\"t11_188\">140 290 </span><span class=\"S440A SC5 S2\" id=\"t12_188\">Translation differences related to subsidiaries </span><span class=\"S440B SC5 S2\" id=\"t13_188\">-60 848 </span><span class=\"S440C SC5 S2\" id=\"t14_188\">423 </span><span class=\"S440D SC5 S2\" id=\"t15_188\">-60 425 </span><span class=\"S440E SC5 S2\" id=\"t16_188\">Translation differences from associates </span><span class=\"S440F SC5 S2\" id=\"t17_188\">7 591 </span><span class=\"S4410 SC5 S2\" id=\"t18_188\">0 </span><span class=\"S4411 SC5 S2\" id=\"t19_188\">7 591 </span><span class=\"S4412 SC5 S2\" id=\"t1a_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4413 SC5 S2\" id=\"t1b_188\">-7 215 </span><span class=\"S4414 SC5 S2\" id=\"t1c_188\">0 </span><span class=\"S4415 SC5 S2\" id=\"t1d_188\">-7 215 </span><span class=\"S4416 SC4 S2\" id=\"t1e_188\">Accumulated currency translation differences as of 31.12.2021 </span><span class=\"S4417 SC4 S2\" id=\"t1f_188\">79 818 </span><span class=\"S4418 SC4 S2\" id=\"t1g_188\">423 </span><span class=\"S4419 SC4 S2\" id=\"t1h_188\">80 241 </span><span class=\"S441A SC4 S2\" id=\"t1i_188\">Accumulated currency translation differences as of 01.01.2022 </span><span class=\"S441B SC4 S2\" id=\"t1j_188\">79 818 </span><span class=\"S441C SC4 S2\" id=\"t1k_188\">423 </span><span class=\"S441D SC4 S2\" id=\"t1l_188\">80 241 </span><span class=\"S441E SC5 S2\" id=\"t1m_188\">Translation differences related to subsidiaries </span><span class=\"S441F SC5 S2\" id=\"t1n_188\">61 228 </span><span class=\"S4420 SC5 S2\" id=\"t1o_188\">1 683 </span><span class=\"S4421 SC5 S2\" id=\"t1p_188\">62 911 </span><span class=\"S4422 SC5 S2\" id=\"t1q_188\">Translation differences from associates </span><span class=\"S4423 SC5 S2\" id=\"t1r_188\">1 918 </span><span class=\"S4424 SC5 S2\" id=\"t1s_188\">0 </span><span class=\"S4425 SC5 S2\" id=\"t1t_188\">1 918 </span><span class=\"S4426 SC5 S2\" id=\"t1u_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4427 SC5 S2\" id=\"t1v_188\">110 </span><span class=\"S4428 SC5 S2\" id=\"t1w_188\">0 </span><span class=\"S4429 SC5 S2\" id=\"t1x_188\">110 </span><span class=\"S442A SC4 S2\" id=\"t1y_188\">Accumulated currency translation differences as of 31.12.2022 </span><span class=\"S442B SC4 S2\" id=\"t1z_188\">143 074 </span><span class=\"S442C SC4 S2\" id=\"t20_188\">2 106 </span><span class=\"S442D SC4 S2\" id=\"t21_188\">145 179 </span><span class=\"S442E S18EC S2\" id=\"t29_188\">NOTE 24 </span><span class=\"S3503 S18EC S2\" id=\"t2a_188\">Currency translation differences </span><span class=\"S1EC3 SC8 S2\" id=\"t1_189\">Ler\u00f8y Seafood Group ASA is a </span><span class=\"S2169 SC8 S2\" id=\"t2_189\">subsidiary of Austevoll Seafood ASA, </span><span class=\"S442F SC8 S2\" id=\"t3_189\">which in turn is a subsidiary of Laco </span><span class=\"S1EC6 SC8 S2\" id=\"t4_189\">AS. Laco AS is the ultimate parent </span><span class=\"S4430 SC8 S2\" id=\"t5_189\">company. Transactions and </span><span class=\"S4431 SC8 S2\" id=\"t6_189\">intercompany accounts with other </span><span class=\"S4432 SC8 S2\" id=\"t7_189\">Group companies in the Laco AS </span><span class=\"S3D4F SC8 S2\" id=\"t8_189\">corporation, not covered by Ler\u00f8y </span><span class=\"S4433 SC8 S2\" id=\"t9_189\">Seafood Group ASA, are classi\ufb01ed as </span><span class=\"S2058 SC8 S2\" id=\"ta_189\">transactions and intercompany </span><span class=\"S4434 SC8 S2\" id=\"tb_189\">accounts with related parties. The </span><span class=\"S23AD SC8 S2\" id=\"tc_189\">same applies to associates of the </span><span class=\"S4435 SC8 S2\" id=\"td_189\">above. </span><span class=\"S229C SC8 S2\" id=\"te_189\">Associates owned by Ler\u00f8y Seafood </span><span class=\"S4436 SC8 S2\" id=\"tf_189\">Group, and non-controlling interests </span><span class=\"S4437 SC8 S2\" id=\"tg_189\">in subsidiaries, are also classi\ufb01ed as </span><span class=\"S4438 SC8 S2\" id=\"th_189\">related parties. </span><span class=\"S2028 SC8 S2\" id=\"ti_189\">In addition, any companies owned by </span><span class=\"S4439 SC8 S2\" id=\"tj_189\">employees, in particular senior </span><span class=\"S443A SC8 S2\" id=\"tk_189\">executives, are classi\ufb01ed as related </span><span class=\"S443B SC8 S2\" id=\"tl_189\">parties. No transactions of signi\ufb01cance </span><span class=\"S443C SC8 S2\" id=\"tm_189\">between such companies have been </span><span class=\"S443D SC8 S2\" id=\"tn_189\">identi\ufb01ed. </span><span class=\"S443E SC8 S2\" id=\"to_189\">Transactions and intercompany </span><span class=\"S443F SC8 S2\" id=\"tp_189\">accounts with associates and other </span><span class=\"S2388 SC8 S2\" id=\"tq_189\">identi\ufb01ed related parties of Ler\u00f8y </span><span class=\"S4440 SC8 S2\" id=\"tr_189\">Seafood Group ASA are as follows: </span><span class=\"S4441 SC4 S2\" id=\"ts_189\">2021 </span><span class=\"S4442 SC4 S2\" id=\"tt_189\">Ownership </span><span class=\"S4443 SC4 S2\" id=\"tu_189\">Sales </span><span class=\"S4444 SC4 S2\" id=\"tv_189\">Purchases </span><span class=\"S4445 SC4 S2\" id=\"tw_189\">Receivables </span><span class=\"S4446 SC4 S2\" id=\"tx_189\">Liabilities </span><span class=\"S4447 SC4 S2\" id=\"ty_189\">Transactions with parent company and its related parties </span><span class=\"S4448 SC5 S2\" id=\"tz_189\">Laco AS </span><span class=\"S4449 SAF1 S2\" id=\"t10_189\">\u201dUltimate parent\u201d </span><span class=\"S444A SC5 S2\" id=\"t11_189\">0 </span><span class=\"S444B SC5 S2\" id=\"t12_189\">5 108 </span><span class=\"S444C SC5 S2\" id=\"t13_189\">0 </span><span class=\"S444D SC5 S2\" id=\"t14_189\">0 </span><span class=\"S444E SC5 S2\" id=\"t15_189\">Fitjar Mekaniske Verksted AS </span><span class=\"S444F SC5 S2\" id=\"t16_189\">Laco AS (100%) </span><span class=\"S4450 SC5 S2\" id=\"t17_189\">0 </span><span class=\"S4451 SC5 S2\" id=\"t18_189\">23 619 </span><span class=\"S4452 SC5 S2\" id=\"t19_189\">0 </span><span class=\"S4453 SC5 S2\" id=\"t1a_189\">378 </span><span class=\"S4454 SC5 S2\" id=\"t1b_189\">Pelagia AS </span><span class=\"S4455 SC5 S2\" id=\"t1c_189\">Austevoll Seafood ASA (50%) </span><span class=\"S4456 SC5 S2\" id=\"t1d_189\">0 </span><span class=\"S4457 SC5 S2\" id=\"t1e_189\">9 </span><span class=\"S4458 SC5 S2\" id=\"t1f_189\">0 </span><span class=\"S4459 SC5 S2\" id=\"t1g_189\">0 </span><span class=\"S445A SC5 S2\" id=\"t1h_189\">Austevoll Seafood ASA </span><span class=\"S445B SC5 S2\" id=\"t1i_189\">Laco AS (55.55%) </span><span class=\"S445C SC5 S2\" id=\"t1j_189\">0 </span><span class=\"S445D SC5 S2\" id=\"t1k_189\">50 </span><span class=\"S445E SC5 S2\" id=\"t1l_189\">0 </span><span class=\"S445F SC5 S2\" id=\"t1m_189\">0 </span><span class=\"S4460 SC5 S2\" id=\"t1n_189\">Hordafor AS </span><span class=\"S4461 SC5 S2\" id=\"t1o_189\">Pelagia AS (100%) </span><span class=\"S4462 SC5 S2\" id=\"t1p_189\">46 051 </span><span class=\"S4463 SC5 S2\" id=\"t1q_189\">26 300 </span><span class=\"S4464 SC5 S2\" id=\"t1r_189\">2 370 </span><span class=\"S4465 SC5 S2\" id=\"t1s_189\">1 033 </span><span class=\"S4466 SC5 S2\" id=\"t1t_189\">Austevoll Laksepakkeri AS </span><span class=\"S4467 SC5 S2\" id=\"t1u_189\">Austevoll Seafood ASA (100%) </span><span class=\"S4468 SC5 S2\" id=\"t1v_189\">2 569 </span><span class=\"S4469 SC5 S2\" id=\"t1w_189\">169 608 </span><span class=\"S446A SC5 S2\" id=\"t1x_189\">212 </span><span class=\"S446B SC5 S2\" id=\"t1y_189\">18 618 </span><span class=\"S446C SC5 S2\" id=\"t1z_189\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S446D SC5 S2\" id=\"t20_189\">Br\u00f8drene Birkeland Farming AS </span><span class=\"S446E SC5 S2\" id=\"t21_189\">(100%) </span><span class=\"S446F SC5 S2\" id=\"t22_189\">17 195 </span><span class=\"S4470 SC5 S2\" id=\"t23_189\">17 845 </span><span class=\"S4471 SC5 S2\" id=\"t24_189\">21 493 </span><span class=\"S4472 SC5 S2\" id=\"t25_189\">22 258 </span><span class=\"S4473 SC5 S2\" id=\"t26_189\">Hordalaks Holding AS group </span><span class=\"S4474 SC5 S2\" id=\"t27_189\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S4475 SC5 S2\" id=\"t28_189\">0 </span><span class=\"S4476 SC5 S2\" id=\"t29_189\">3 652 </span><span class=\"S4477 SC5 S2\" id=\"t2a_189\">0 </span><span class=\"S4478 SC5 S2\" id=\"t2b_189\">2 848 </span><span class=\"S4479 SC4 S2\" id=\"t2c_189\">Transactions with the Group's own associates and non-controlling interests (NCI) in subsidiaries </span><span class=\"S447A SC5 S2\" id=\"t2d_189\">Norskott Havbruk AS </span><span class=\"S447B SC5 S2\" id=\"t2e_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S447C SC5 S2\" id=\"t2f_189\">52 </span><span class=\"S447D SC5 S2\" id=\"t2g_189\">0 </span><span class=\"S447E SC5 S2\" id=\"t2h_189\">0 </span><span class=\"S447F SC5 S2\" id=\"t2i_189\">0 </span><span class=\"S4480 SC5 S2\" id=\"t2j_189\">Scottish Seafarms </span><span class=\"S4481 SC5 S2\" id=\"t2k_189\">Norskott Havbruk AS (100%) </span><span class=\"S4482 SC5 S2\" id=\"t2l_189\">0 </span><span class=\"S4483 SC5 S2\" id=\"t2m_189\">171 227 </span><span class=\"S4484 SC5 S2\" id=\"t2n_189\">0 </span><span class=\"S4485 SC5 S2\" id=\"t2o_189\">3 605 </span><span class=\"S4486 SC5 S2\" id=\"t2p_189\">Seistar Holding AS group </span><span class=\"S4487 SC5 S2\" id=\"t2q_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4488 SC5 S2\" id=\"t2r_189\">9 </span><span class=\"S4489 SC5 S2\" id=\"t2s_189\">169 205 </span><span class=\"S448A SC5 S2\" id=\"t2t_189\">0 </span><span class=\"S448B SC5 S2\" id=\"t2u_189\">835 </span><span class=\"S448C SC5 S2\" id=\"t2v_189\">Seafood Danmark A/S group (until 31.03.2021) </span><span class=\"S448D SC5 S2\" id=\"t2w_189\">Ler\u00f8y Seafood Group ASA (33.33%) </span><span class=\"S448E SC5 S2\" id=\"t2x_189\">2 250 </span><span class=\"S448F SC5 S2\" id=\"t2y_189\">0 </span><span class=\"S4490 SC5 S2\" id=\"t2z_189\">0 </span><span class=\"S4491 SC5 S2\" id=\"t30_189\">0 </span><span class=\"S4492 SC5 S2\" id=\"t31_189\">Sporbarhet AS </span><span class=\"S4493 SC5 S2\" id=\"t32_189\">Ler\u00f8y Seafood Group ASA (27%) </span><span class=\"S4494 SC5 S2\" id=\"t33_189\">0 </span><span class=\"S4495 SC5 S2\" id=\"t34_189\">4 016 </span><span class=\"S4496 SC5 S2\" id=\"t35_189\">0 </span><span class=\"S4497 SC5 S2\" id=\"t36_189\">0 </span><span class=\"S4498 SC5 S2\" id=\"t37_189\">Ocean Forest AS </span><span class=\"S4499 SC5 S2\" id=\"t38_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S449A SC5 S2\" id=\"t39_189\">70 </span><span class=\"S449B SC5 S2\" id=\"t3a_189\">3 000 </span><span class=\"S449C SC5 S2\" id=\"t3b_189\">1 522 </span><span class=\"S449D SC5 S2\" id=\"t3c_189\">0 </span><span class=\"S449E SC5 S2\" id=\"t3d_189\">The Seafood Innovation Cluster </span><span class=\"S449F SC5 S2\" id=\"t3e_189\">Ler\u00f8y Seafood Group ASA (20%) </span><span class=\"S44A0 SC5 S2\" id=\"t3f_189\">0 </span><span class=\"S44A1 SC5 S2\" id=\"t3g_189\">726 </span><span class=\"S44A2 SC5 S2\" id=\"t3h_189\">0 </span><span class=\"S44A3 SC5 S2\" id=\"t3i_189\">12 </span><span class=\"S44A4 SC5 S2\" id=\"t3j_189\">Finnmark Kyst\ufb01ske AS </span><span class=\"S44A5 SC5 S2\" id=\"t3k_189\">Hav\ufb01sk AS (48%) </span><span class=\"S44A6 SC5 S2\" id=\"t3l_189\">0 </span><span class=\"S44A7 SC5 S2\" id=\"t3m_189\">0 </span><span class=\"S44A8 SC5 S2\" id=\"t3n_189\">8 500 </span><span class=\"S44A9 SC5 S2\" id=\"t3o_189\">0 </span><span class=\"S44AA SC5 S2\" id=\"t3p_189\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S44AB SC5 S2\" id=\"t3q_189\">Ler\u00f8y Norway Seafoods AS (33.5%) </span><span class=\"S44AC SC5 S2\" id=\"t3r_189\">0 </span><span class=\"S44AD SC5 S2\" id=\"t3s_189\">648 </span><span class=\"S44AE SC5 S2\" id=\"t3t_189\">0 </span><span class=\"S44AF SC5 S2\" id=\"t3u_189\">0 </span><span class=\"S44B0 SC5 S2\" id=\"t3v_189\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S44B1 SC5 S2\" id=\"t3w_189\">Ler\u00f8y Norway Seafoods AS (28.2%) </span><span class=\"S44B2 SC5 S2\" id=\"t3x_189\">0 </span><span class=\"S44B3 SC5 S2\" id=\"t3y_189\">16 </span><span class=\"S44B4 SC5 S2\" id=\"t3z_189\">0 </span><span class=\"S44B5 SC5 S2\" id=\"t40_189\">0 </span><span class=\"S44B6 SC5 S2\" id=\"t41_189\">Itub AS </span><span class=\"S44B7 SC5 S2\" id=\"t42_189\">Ler\u00f8y Norway Seafoods AS (22.3%) </span><span class=\"S44B8 SC5 S2\" id=\"t43_189\">0 </span><span class=\"S44B9 SC5 S2\" id=\"t44_189\">5 939 </span><span class=\"S44BA SC5 S2\" id=\"t45_189\">0 </span><span class=\"S44BB SC5 S2\" id=\"t46_189\">175 </span><span class=\"S44BC SC5 S2\" id=\"t47_189\">Romsdal Processing AS </span><span class=\"S44BD SC5 S2\" id=\"t48_189\">Ler\u00f8y Aurora AS (44.4%) </span><span class=\"S44BE SC5 S2\" id=\"t49_189\">0 </span><span class=\"S44BF SC5 S2\" id=\"t4a_189\">80 795 </span><span class=\"S44C0 SC5 S2\" id=\"t4b_189\">0 </span><span class=\"S44C1 SC5 S2\" id=\"t4c_189\">10 046 </span><span class=\"S44C2 SC5 S2\" id=\"t4d_189\">Kirkenes Processing AS </span><span class=\"S44C3 SC5 S2\" id=\"t4e_189\">Ler\u00f8y Aurora AS (50%) </span><span class=\"S44C4 SC5 S2\" id=\"t4f_189\">0 </span><span class=\"S44C5 SC5 S2\" id=\"t4g_189\">29 371 </span><span class=\"S44C6 SC5 S2\" id=\"t4h_189\">7 436 </span><span class=\"S44C7 SC5 S2\" id=\"t4i_189\">127 </span><span class=\"S44C8 SC5 S2\" id=\"t4j_189\">Norway Salmon AS </span><span class=\"S44C9 SC5 S2\" id=\"t4k_189\">Ler\u00f8y Midt AS (20%) </span><span class=\"S44CA SC5 S2\" id=\"t4l_189\">0 </span><span class=\"S44CB SC5 S2\" id=\"t4m_189\">0 </span><span class=\"S44CC SC5 S2\" id=\"t4n_189\">2 000 </span><span class=\"S44CD SC5 S2\" id=\"t4o_189\">0 </span><span class=\"S44CE SC5 S2\" id=\"t4p_189\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S44CF SC5 S2\" id=\"t4q_189\">Sirevaag AS (46.5%) </span><span class=\"S44D0 SC5 S2\" id=\"t4r_189\">0 </span><span class=\"S44D1 SC5 S2\" id=\"t4s_189\">0 </span><span class=\"S44D2 SC5 S2\" id=\"t4t_189\">4 500 </span><span class=\"S44D3 SC5 S2\" id=\"t4u_189\">0 </span><span class=\"S44D4 SC4 S2\" id=\"t4v_189\">Total transactions and intercompany accounts with all identi\ufb01ed related parties </span><span class=\"S44D5 SC4 S2\" id=\"t4w_189\">68 196 </span><span class=\"S44D6 SC4 S2\" id=\"t4x_189\">711 134 </span><span class=\"S44D7 SC4 S2\" id=\"t4y_189\">48 033 </span><span class=\"S44D8 SC4 S2\" id=\"t4z_189\">59 935 </span><span class=\"S44D9 SC5 S2\" id=\"t50_189\">NCI means \"non controlling interests\" </span><span class=\"S44DA SC5 S2\" id=\"t51_189\">Dividend received from associated companies is speci\ufb01ed in the note on associated companies </span><span class=\"S44DB SC5 S2\" id=\"t52_189\">The capital in the associated company Norskott Havbruk AS has been increased with NOK 305.5 million. See note on associates in annual </span><span class=\"S44DC SC5 S2\" id=\"t53_189\">\ufb01nancial statements for the group. </span><span class=\"S44DD SC5 S2\" id=\"t54_189\">Ler\u00f8y Seafood Group ASA acquired </span><span class=\"S44DE SC5 S2\" id=\"t55_189\">Ler\u00f8y \u00c5rskog AS from the ultimate parent company Laco AS for NOK 38.9 million. The transaction was </span><span class=\"S44DF SC5 S2\" id=\"t56_189\">carried out after arm lenght principle. </span><span class=\"S44E0 SC5 S2\" id=\"t57_189\">The transaction is further described in the Group note on acquisitions. </span><span class=\"S44E2 S18EC S2\" id=\"t5f_189\">NOTE 25 </span><span class=\"S3A29 S18EC S2\" id=\"t5g_189\">Related parties </span><span class=\"S44E3 SC4 S2\" id=\"t1_190\">2022 </span><span class=\"S44E4 SC4 S2\" id=\"t2_190\">Ownership </span><span class=\"S44E5 SC4 S2\" id=\"t3_190\">Sales </span><span class=\"S44E6 SC4 S2\" id=\"t4_190\">Purchases </span><span class=\"S44E7 SC4 S2\" id=\"t5_190\">Receivables </span><span class=\"S44E8 SC4 S2\" id=\"t6_190\">Liabilities </span><span class=\"S44E9 SC4 S2\" id=\"t7_190\">Transactions with parent company and its related parties </span><span class=\"S3F67 SC5 S2\" id=\"t8_190\">Laco AS </span><span class=\"S44EA SAF1 S2\" id=\"t9_190\">\"Ultimate parent\" </span><span class=\"S44EB SC5 S2\" id=\"ta_190\">0 </span><span class=\"S44EC SC5 S2\" id=\"tb_190\">3 338 </span><span class=\"S44ED SC5 S2\" id=\"tc_190\">0 </span><span class=\"S44EE SC5 S2\" id=\"td_190\">4 173 </span><span class=\"S44EF SC5 S2\" id=\"te_190\">Fitjar Mekaniske Verksted AS </span><span class=\"S44F0 SC5 S2\" id=\"tf_190\">Laco AS (100%) </span><span class=\"S44F1 SC5 S2\" id=\"tg_190\">75 </span><span class=\"S44F2 SC5 S2\" id=\"th_190\">16 157 </span><span class=\"S44F3 SC5 S2\" id=\"ti_190\">0 </span><span class=\"S44F4 SC5 S2\" id=\"tj_190\">1 640 </span><span class=\"S27CE SC5 S2\" id=\"tk_190\">Pelagia AS </span><span class=\"S44F5 SC5 S2\" id=\"tl_190\">Austevoll Seafood ASA (50%) </span><span class=\"S44F6 SC5 S2\" id=\"tm_190\">46 182 </span><span class=\"S44F7 SC5 S2\" id=\"tn_190\">28 475 </span><span class=\"S44F8 SC5 S2\" id=\"to_190\">3 798 </span><span class=\"S44F9 SC5 S2\" id=\"tp_190\">2 871 </span><span class=\"S3CE8 SC5 S2\" id=\"tq_190\">Austevoll Seafood ASA </span><span class=\"S44FA SC5 S2\" id=\"tr_190\">Laco AS (55.55%) </span><span class=\"S44FB SC5 S2\" id=\"ts_190\">0 </span><span class=\"S44FC SC5 S2\" id=\"tt_190\">50 </span><span class=\"S44FD SC5 S2\" id=\"tu_190\">0 </span><span class=\"S44FE SC5 S2\" id=\"tv_190\">0 </span><span class=\"S19EB SC5 S2\" id=\"tw_190\">Austevoll Laksepakkeri AS </span><span class=\"S44FF SC5 S2\" id=\"tx_190\">Austevoll Seafood ASA (100%) </span><span class=\"S4500 SC5 S2\" id=\"ty_190\">2 417 </span><span class=\"S4501 SC5 S2\" id=\"tz_190\">174 873 </span><span class=\"S4502 SC5 S2\" id=\"t10_190\">297 </span><span class=\"S4503 SC5 S2\" id=\"t11_190\">27 798 </span><span class=\"S4504 SC5 S2\" id=\"t12_190\">Br\u00f8drene Birkeland Farming AS </span><span class=\"S4505 SC5 S2\" id=\"t13_190\">Austevoll Seafood ASA (51.9%) </span><span class=\"S4506 SC5 S2\" id=\"t14_190\">459 </span><span class=\"S4507 SC5 S2\" id=\"t15_190\">0 </span><span class=\"S4508 SC5 S2\" id=\"t16_190\">0 </span><span class=\"S4509 SC5 S2\" id=\"t17_190\">0 </span><span class=\"S450A SC5 S2\" id=\"t18_190\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S450B SC5 S2\" id=\"t19_190\">Br\u00f8drene Birkeland Farming AS (100%) </span><span class=\"S450C SC5 S2\" id=\"t1a_190\">0 </span><span class=\"S450D SC5 S2\" id=\"t1b_190\">77 </span><span class=\"S450E SC5 S2\" id=\"t1c_190\">0 </span><span class=\"S450F SC5 S2\" id=\"t1d_190\">0 </span><span class=\"S4510 SC5 S2\" id=\"t1e_190\">Hordalaks Holding AS group </span><span class=\"S4511 SC5 S2\" id=\"t1f_190\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S4512 SC5 S2\" id=\"t1g_190\">0 </span><span class=\"S4513 SC5 S2\" id=\"t1h_190\">5 742 </span><span class=\"S4514 SC5 S2\" id=\"t1i_190\">0 </span><span class=\"S4515 SC5 S2\" id=\"t1j_190\">0 </span><span class=\"S4516 SC4 S2\" id=\"t1k_190\">Transactions with the Group\u2019s own associates and non-controlling interests (NCI) in subsidiaries </span><span class=\"S4517 SC5 S2\" id=\"t1l_190\">Norskott Havbruk AS </span><span class=\"S4518 SC5 S2\" id=\"t1m_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4519 SC5 S2\" id=\"t1n_190\">300 </span><span class=\"S451A SC5 S2\" id=\"t1o_190\">0 </span><span class=\"S451B SC5 S2\" id=\"t1p_190\">0 </span><span class=\"S451C SC5 S2\" id=\"t1q_190\">0 </span><span class=\"S451D SC5 S2\" id=\"t1r_190\">Scottish Seafarms </span><span class=\"S451E SC5 S2\" id=\"t1s_190\">Norskott Havbruk AS (100%) </span><span class=\"S451F SC5 S2\" id=\"t1t_190\">0 </span><span class=\"S4520 SC5 S2\" id=\"t1u_190\">168 315 </span><span class=\"S4521 SC5 S2\" id=\"t1v_190\">0 </span><span class=\"S4522 SC5 S2\" id=\"t1w_190\">14 067 </span><span class=\"S4523 SC5 S2\" id=\"t1x_190\">Seistar Holding AS group </span><span class=\"S4524 SC5 S2\" id=\"t1y_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4525 SC5 S2\" id=\"t1z_190\">123 </span><span class=\"S4526 SC5 S2\" id=\"t20_190\">269 725 </span><span class=\"S4527 SC5 S2\" id=\"t21_190\">4 </span><span class=\"S4528 SC5 S2\" id=\"t22_190\">1 934 </span><span class=\"S4529 SC5 S2\" id=\"t23_190\">Sporbarhet AS </span><span class=\"S452A SC5 S2\" id=\"t24_190\">Ler\u00f8y Seafood Group ASA (27.2%) </span><span class=\"S452B SC5 S2\" id=\"t25_190\">0 </span><span class=\"S452C SC5 S2\" id=\"t26_190\">6 215 </span><span class=\"S452D SC5 S2\" id=\"t27_190\">0 </span><span class=\"S452E SC5 S2\" id=\"t28_190\">0 </span><span class=\"S452F SC5 S2\" id=\"t29_190\">Ocean Forest AS </span><span class=\"S4530 SC5 S2\" id=\"t2a_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4531 SC5 S2\" id=\"t2b_190\">0 </span><span class=\"S4532 SC5 S2\" id=\"t2c_190\">3 166 </span><span class=\"S4533 SC5 S2\" id=\"t2d_190\">0 </span><span class=\"S4534 SC5 S2\" id=\"t2e_190\">2 380 </span><span class=\"S4535 SC5 S2\" id=\"t2f_190\">The Seafood Innovation Cluster </span><span class=\"S4536 SC5 S2\" id=\"t2g_190\">Ler\u00f8y Seafood Group ASA (20%) </span><span class=\"S4537 SC5 S2\" id=\"t2h_190\">0 </span><span class=\"S4538 SC5 S2\" id=\"t2i_190\">1 656 </span><span class=\"S4539 SC5 S2\" id=\"t2j_190\">0 </span><span class=\"S453A SC5 S2\" id=\"t2k_190\">572 </span><span class=\"S453B SC5 S2\" id=\"t2l_190\">Finnmark Kyst\ufb01ske AS </span><span class=\"S453C SC5 S2\" id=\"t2m_190\">Hav\ufb01sk AS (49%) </span><span class=\"S453D SC5 S2\" id=\"t2n_190\">0 </span><span class=\"S453E SC5 S2\" id=\"t2o_190\">0 </span><span class=\"S453F SC5 S2\" id=\"t2p_190\">8 500 </span><span class=\"S4540 SC5 S2\" id=\"t2q_190\">0 </span><span class=\"S4541 SC5 S2\" id=\"t2r_190\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S4542 SC5 S2\" id=\"t2s_190\">Ler\u00f8y Norway Seafoods AS (33.5%) </span><span class=\"S4543 SC5 S2\" id=\"t2t_190\">0 </span><span class=\"S4544 SC5 S2\" id=\"t2u_190\">824 </span><span class=\"S4545 SC5 S2\" id=\"t2v_190\">0 </span><span class=\"S4546 SC5 S2\" id=\"t2w_190\">48 </span><span class=\"S4547 SC5 S2\" id=\"t2x_190\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S4548 SC5 S2\" id=\"t2y_190\">Ler\u00f8y Norway Seafoods AS (28.2%) </span><span class=\"S4549 SC5 S2\" id=\"t2z_190\">0 </span><span class=\"S454A SC5 S2\" id=\"t30_190\">11 </span><span class=\"S454B SC5 S2\" id=\"t31_190\">0 </span><span class=\"S454C SC5 S2\" id=\"t32_190\">0 </span><span class=\"S454D SC5 S2\" id=\"t33_190\">Itub AS </span><span class=\"S454E SC5 S2\" id=\"t34_190\">Ler\u00f8y Norway Seafoods AS (22.3%) </span><span class=\"S454F SC5 S2\" id=\"t35_190\">0 </span><span class=\"S4550 SC5 S2\" id=\"t36_190\">5 919 </span><span class=\"S4551 SC5 S2\" id=\"t37_190\">0 </span><span class=\"S4552 SC5 S2\" id=\"t38_190\">185 </span><span class=\"S4553 SC5 S2\" id=\"t39_190\">Nesset Kyst\ufb01ske AS </span><span class=\"S4554 SC5 S2\" id=\"t3a_190\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS (34%) </span><span class=\"S4555 SC5 S2\" id=\"t3b_190\">0 </span><span class=\"S4556 SC5 S2\" id=\"t3c_190\">0 </span><span class=\"S4557 SC5 S2\" id=\"t3d_190\">507 </span><span class=\"S4558 SC5 S2\" id=\"t3e_190\">0 </span><span class=\"S4559 SC5 S2\" id=\"t3f_190\">Holmen Fiske AS </span><span class=\"S455A SC5 S2\" id=\"t3g_190\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS (33%) </span><span class=\"S455B SC5 S2\" id=\"t3h_190\">0 </span><span class=\"S455C SC5 S2\" id=\"t3i_190\">0 </span><span class=\"S455D SC5 S2\" id=\"t3j_190\">1 011 </span><span class=\"S455E SC5 S2\" id=\"t3k_190\">0 </span><span class=\"S1983 SC5 S2\" id=\"t3l_190\">Romsdal Processing AS </span><span class=\"S455F SC5 S2\" id=\"t3m_190\">Ler\u00f8y Aurora AS (44.4%) </span><span class=\"S4560 SC5 S2\" id=\"t3n_190\">0 </span><span class=\"S4561 SC5 S2\" id=\"t3o_190\">88 346 </span><span class=\"S4562 SC5 S2\" id=\"t3p_190\">0 </span><span class=\"S4563 SC5 S2\" id=\"t3q_190\">14 626 </span><span class=\"S4564 SC5 S2\" id=\"t3r_190\">Kirkenes Processing AS </span><span class=\"S4565 SC5 S2\" id=\"t3s_190\">Ler\u00f8y Aurora AS (50%) </span><span class=\"S4566 SC5 S2\" id=\"t3t_190\">0 </span><span class=\"S4567 SC5 S2\" id=\"t3u_190\">8 001 </span><span class=\"S4568 SC5 S2\" id=\"t3v_190\">7 436 </span><span class=\"S4569 SC5 S2\" id=\"t3w_190\">-139 </span><span class=\"S456A SC5 S2\" id=\"t3x_190\">Norway Salmon AS </span><span class=\"S456B SC5 S2\" id=\"t3y_190\">Ler\u00f8y Midt AS (50%) </span><span class=\"S456C SC5 S2\" id=\"t3z_190\">0 </span><span class=\"S456D SC5 S2\" id=\"t40_190\">0 </span><span class=\"S456E SC5 S2\" id=\"t41_190\">2 000 </span><span class=\"S456F SC5 S2\" id=\"t42_190\">0 </span><span class=\"S4570 SC5 S2\" id=\"t43_190\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S4571 SC5 S2\" id=\"t44_190\">Sirevaag AS (46.5%) </span><span class=\"S4572 SC5 S2\" id=\"t45_190\">0 </span><span class=\"S4573 SC5 S2\" id=\"t46_190\">0 </span><span class=\"S4574 SC5 S2\" id=\"t47_190\">5 800 </span><span class=\"S4575 SC5 S2\" id=\"t48_190\">0 </span><span class=\"S4576 SC4 S2\" id=\"t49_190\">Total transactions and intercompany accounts with all identi\ufb01ed related parties </span><span class=\"S4577 SC4 S2\" id=\"t4a_190\">49 556 </span><span class=\"S4578 SC4 S2\" id=\"t4b_190\">780 890 </span><span class=\"S4579 SC4 S2\" id=\"t4c_190\">29 353 </span><span class=\"S457A SC4 S2\" id=\"t4d_190\">70 155 </span><span class=\"S457B SC5 S2\" id=\"t4e_190\">NCI means \"non controlling interests\" </span><span class=\"S457C SC5 S2\" id=\"t4f_190\">Dividend received from associated companies is speci\ufb01ed in the note on associated companies </span><span class=\"S457D SC5 S2\" id=\"t4g_190\">Ler\u00f8y Seafood Group (Ler\u00f8y Vest AS) leases wellboats from Seistar Holding. The leases are recognised in the accounts according to IFRS 16, </span><span class=\"S457E SC5 S2\" id=\"t4h_190\">where leases with a lease period more than one year, is capitalised. </span><span class=\"S457F SC5 S2\" id=\"t4i_190\">The net book value of the right-to-use assets as of 31 December 2022 (2021) is </span><span class=\"S4580 SC5 S2\" id=\"t4j_190\">NOK 242.5 million (NOK 287.0 million). The net book value on the lease liability is NOK 257.7 million (NOK 299.4 million). These amounts are not </span><span class=\"S4581 SC5 S2\" id=\"t4k_190\">included in the table above. Repayment and interests on capitalized leases with Seistar Holding amounted to NOK 180.8 million (NOK 153.0 million), </span><span class=\"S4582 SC5 S2\" id=\"t4l_190\">and are incuded in the table above as purchases. </span><span class=\"S1D89 S18EC S2\" id=\"t4t_190\">NOTE 25 cont. </span><span class=\"S3A81 S18EC S2\" id=\"t4u_190\">Related parties </span><span class=\"S4584 SC7 S2\" id=\"t1_191\">Proposed resource rent taxation on </span><span class=\"S4585 SC7 S2\" id=\"t2_191\">aquaculture in Norway </span><span class=\"S4586 SC8 S2\" id=\"t3_191\">On 28 September 2022 the </span><span class=\"S4587 SC8 S2\" id=\"t4_191\">Norwegian government published a </span><span class=\"S4588 SC8 S2\" id=\"t5_191\">consultation draft concerning the </span><span class=\"S4589 SC8 S2\" id=\"t6_191\">introduction of resource rent tax on </span><span class=\"S458A SC8 S2\" id=\"t7_191\">Norway\u2019s aquaculture industry. Ler\u00f8y </span><span class=\"S458B SC8 S2\" id=\"t8_191\">Seafood Group submitted its </span><span class=\"S458C SC8 S2\" id=\"t9_191\">consultation response ahead of the </span><span class=\"S458D SC8 S2\" id=\"ta_191\">deadline on 4 January. Approx. 400 </span><span class=\"S380B SC8 S2\" id=\"tb_191\">stakeholders submitted consultation </span><span class=\"S458E SC8 S2\" id=\"tc_191\">responses, a signi\ufb01cant majority of </span><span class=\"S458F SC8 S2\" id=\"td_191\">which took a negative view of the </span><span class=\"S380E SC8 S2\" id=\"te_191\">proposal. The government showed </span><span class=\"S4590 SC8 S2\" id=\"tf_191\">little inclination to listen to the </span><span class=\"S4591 SC8 S2\" id=\"tg_191\">responses and on 28 March 2023 </span><span class=\"S4592 SC8 S2\" id=\"th_191\">published Proposition to the Storting </span><span class=\"S4593 SC8 S2\" id=\"ti_191\">78 LS \u2013 Resource rent tax on </span><span class=\"S4594 SC8 S2\" id=\"tj_191\">aquaculture, which proposes </span><span class=\"S4595 SC8 S2\" id=\"tk_191\">introducing a resource rent tax of </span><span class=\"S3125 SC8 S2\" id=\"tl_191\">35%. This would be in addition to </span><span class=\"S4596 SC8 S2\" id=\"tm_191\">ordinary corporation tax of 22% and </span><span class=\"S4597 SC8 S2\" id=\"tn_191\">would apply to the Norwegian </span><span class=\"S4598 SC8 S2\" id=\"to_191\">aquaculture operations in sea. The </span><span class=\"S4599 SC8 S2\" id=\"tp_191\">government\u2019s resource rent tax </span><span class=\"S21D5 SC8 S2\" id=\"tq_191\">proposal is expected to be passed by </span><span class=\"S459A SC8 S2\" id=\"tr_191\">the Storting by July 2023. It is dif\ufb01cult </span><span class=\"S459B SC8 S2\" id=\"ts_191\">to comment on a proposal that is the </span><span class=\"S459C SC8 S2\" id=\"tt_191\">subject of political negotiations and </span><span class=\"S459D SC8 S2\" id=\"tu_191\">has not yet been \ufb01nally adopted. If </span><span class=\"S459E SC8 S2\" id=\"tv_191\">the proposal is passed, it will affect </span><span class=\"S459F SC8 S2\" id=\"tw_191\">the Group\u2019s pro\ufb01t after tax and cash </span><span class=\"S45A0 SC8 S2\" id=\"tx_191\">\ufb02ow for 2023. Lower cash \ufb02ow will </span><span class=\"S3817 SC8 S2\" id=\"ty_191\">impair the Group\u2019s investment capacity </span><span class=\"S45A1 SC8 S2\" id=\"tz_191\">and long-term development potential. </span><span class=\"S45A2 SC7 S2\" id=\"t10_191\">Green bond issues in 2023 </span><span class=\"S45A3 SC8 S2\" id=\"t11_191\">The 19 April 2023 Ler\u00f8y Seafood </span><span class=\"S1D8D SC8 S2\" id=\"t12_191\">Group ASA completed 3 new senior </span><span class=\"S45A4 SC8 S2\" id=\"t13_191\">unsecured green bond issues. The </span><span class=\"S45A5 SC8 S2\" id=\"t14_191\">three bonds, each of NOK 500 million, </span><span class=\"S45A6 SC8 S2\" id=\"t15_191\">has tenors of 5, 7 and 10 years, </span><span class=\"S45A7 SC8 S2\" id=\"t16_191\">respectively. </span><span class=\"S45A8 SC8 S2\" id=\"t17_191\">The bonds have </span><span class=\"S45A9 SC8 S2\" id=\"t18_191\">coupons of 3m NIBOR + 1.50% p.a for </span><span class=\"S45AA SC8 S2\" id=\"t19_191\">the 5 year tranche, \ufb01xed rate of 5.10% </span><span class=\"S45AB SC8 S2\" id=\"t1a_191\">p.a for the 7 year tranche and a \ufb01xed </span><span class=\"S45AC SC8 S2\" id=\"t1b_191\">rate of 5.315% p.a for the 10 year </span><span class=\"S45AD SC8 S2\" id=\"t1c_191\">tranche. </span><span class=\"S3A28 S18EC S2\" id=\"t1k_191\">NOTE 26 </span><span class=\"S2C62 S18EC S2\" id=\"t1l_191\">Events after balance sheet date </span><span class=\"S3DA2 SC7 S2\" id=\"t1_192\">Investigations by competition </span><span class=\"S45AF SC7 S2\" id=\"t2_192\">authorities </span><span class=\"S1E60 SC8 S2\" id=\"t3_192\">On 20 February 2019, the EU </span><span class=\"S45B0 SC8 S2\" id=\"t4_192\">competition authorities (\u201cthe EU </span><span class=\"S45B1 SC8 S2\" id=\"t5_192\">Commission\u201d) started an investigation </span><span class=\"S3695 SC8 S2\" id=\"t6_192\">into suspected anti-competitive </span><span class=\"S45B2 SC8 S2\" id=\"t7_192\">practices in the salmon market. Ler\u00f8y </span><span class=\"S45B3 SC8 S2\" id=\"t8_192\">Seafood Group ASA is one of the </span><span class=\"S219F SC8 S2\" id=\"t9_192\">companies named in the case. It is </span><span class=\"S45B4 SC8 S2\" id=\"ta_192\">unclear precisely what form the EU </span><span class=\"S45B5 SC8 S2\" id=\"tb_192\">Commission believes any collusion </span><span class=\"S1BA7 SC8 S2\" id=\"tc_192\">may have taken, when it may have </span><span class=\"S1E68 SC8 S2\" id=\"td_192\">occurred and what negative </span><span class=\"S45B6 SC8 S2\" id=\"te_192\">consequences it may have had. Ler\u00f8y </span><span class=\"S45B7 SC8 S2\" id=\"tf_192\">Seafood Group ASA is providing the </span><span class=\"S3B18 SC8 S2\" id=\"tg_192\">authorities with every assistance in </span><span class=\"S45B8 SC8 S2\" id=\"th_192\">the case.Procedures in this type of </span><span class=\"S4386 SC8 S2\" id=\"ti_192\">case normally continue for several </span><span class=\"S45B9 SC8 S2\" id=\"tj_192\">years, and it is as yet too early to say </span><span class=\"S3096 SC8 S2\" id=\"tk_192\">whether the case may lead to </span><span class=\"S45BA SC8 S2\" id=\"tl_192\">sanctions or other negative </span><span class=\"S1E93 SC8 S2\" id=\"tm_192\">consequences for the companies </span><span class=\"S45BB SC8 S2\" id=\"tn_192\">involved. As regards the investigation </span><span class=\"S1E95 SC8 S2\" id=\"to_192\">opened by the US Department of </span><span class=\"S4369 SC8 S2\" id=\"tp_192\">Justice (DOJ) into the Norwegian </span><span class=\"S36A8 SC8 S2\" id=\"tq_192\">salmon industry in November 2019, </span><span class=\"S45BC SC8 S2\" id=\"tr_192\">Ler\u00f8y Seafood Group ASA was </span><span class=\"S45BD SC8 S2\" id=\"ts_192\">informed in January 2023 that the </span><span class=\"S45BE SC8 S2\" id=\"tt_192\">investigation has been closed. </span><span class=\"S45BF SC8 S2\" id=\"tu_192\">\u00a0</span><span class=\"S36AD SC8 S2\" id=\"tv_192\">In the wake of the EU Commission\u2019s </span><span class=\"S45C0 SC8 S2\" id=\"tw_192\">ongoing investigations, several </span><span class=\"S45C1 SC8 S2\" id=\"tx_192\">Norwegian-owned aquaculture </span><span class=\"S45C2 SC8 S2\" id=\"ty_192\">companies, including companies in </span><span class=\"S31AA SC8 S2\" id=\"tz_192\">the Ler\u00f8y Seafood Group, have been </span><span class=\"S1E9E SC8 S2\" id=\"t10_192\">sued by customers in the USA and </span><span class=\"S45C3 SC8 S2\" id=\"t11_192\">Canada. The Group believes these </span><span class=\"S31B6 SC8 S2\" id=\"t12_192\">claims to be groundless, but due to </span><span class=\"S2230 SC8 S2\" id=\"t13_192\">factors such as signi\ufb01cant litigation </span><span class=\"S45C4 SC8 S2\" id=\"t14_192\">costs in the USA and commercial </span><span class=\"S2232 SC8 S2\" id=\"t15_192\">reasons, the Group chose to settle </span><span class=\"S30B5 SC8 S2\" id=\"t16_192\">the two US class actions in 2022. The </span><span class=\"S45C5 SC8 S2\" id=\"t17_192\">settlements in no way represent any </span><span class=\"S45C6 SC8 S2\" id=\"t18_192\">admission of liability or wrongdoing. </span><span class=\"S45C7 SC8 S2\" id=\"t19_192\">Ler\u00f8y Seafood Group has expensed </span><span class=\"S45C8 SC8 S2\" id=\"t1a_192\">NOK 209 million as litigation costs in </span><span class=\"S45C9 SC8 S2\" id=\"t1b_192\">2022. This amount includes fees to </span><span class=\"S45CA SC8 S2\" id=\"t1c_192\">lawyers. Most of the amount has </span><span class=\"S45CB SC8 S2\" id=\"t1d_192\">been settled and paid as of </span><span class=\"S1CF3 SC8 S2\" id=\"t1e_192\">31 December 2022. Reference is also </span><span class=\"S3B6E SC8 S2\" id=\"t1f_192\">made to stock exchange notice </span><span class=\"S36BD SC8 S2\" id=\"t1g_192\">made on 25 May 2022 and the </span><span class=\"S45CC SC8 S2\" id=\"t1h_192\">quarterly report for the second </span><span class=\"S45CD SC8 S2\" id=\"t1i_192\">quarter of 2022. </span><span class=\"S45CE S18EC S2\" id=\"t1p_192\">NOTE 27 </span><span class=\"S45CF S18EC S2\" id=\"t1q_192\">Investigation by the competition authorities </span><span class=\"S45D0 SC8 S2\" id=\"t1_193\">Increased requirements for </span><span class=\"S45D1 SC8 S2\" id=\"t2_193\">information on non-\ufb01nancial matters </span><span class=\"S45D2 SC8 S2\" id=\"t3_193\">were included in the EU Accounting </span><span class=\"S45D3 SC8 S2\" id=\"t4_193\">Directive by means of an amendment </span><span class=\"S45D4 SC8 S2\" id=\"t5_193\">directive adopted by the EU in 2014, </span><span class=\"S45D5 SC8 S2\" id=\"t6_193\">referred to as the \u201cNon-Financial </span><span class=\"S45D6 SC8 S2\" id=\"t7_193\">Reporting Directive\u201d (NFRD). The NFRD </span><span class=\"S45D7 SC8 S2\" id=\"t8_193\">requires large corporations to prepare </span><span class=\"S45D8 SC8 S2\" id=\"t9_193\">a statement providing consistent and </span><span class=\"S45D9 SC8 S2\" id=\"ta_193\">comparable information on </span><span class=\"S45DA SC8 S2\" id=\"tb_193\">sustainability, comprising the </span><span class=\"S45DB SC8 S2\" id=\"tc_193\">environment, social factors and </span><span class=\"S45DC SC8 S2\" id=\"td_193\">working conditions, respect for </span><span class=\"S45DD SC8 S2\" id=\"te_193\">human rights and efforts to combat </span><span class=\"S45DE SC8 S2\" id=\"tf_193\">bribery and corruption. The \ufb01rst set of </span><span class=\"S45DF SC8 S2\" id=\"tg_193\">guidelines for enterprises for how to </span><span class=\"S45E0 SC8 S2\" id=\"th_193\">implement the NFRD were published </span><span class=\"S45E1 SC8 S2\" id=\"ti_193\">in 2017. In 2019, the EU also adopted </span><span class=\"S45E2 SC8 S2\" id=\"tj_193\">and published guidelines for reporting </span><span class=\"S45E3 SC8 S2\" id=\"tk_193\">of climate-related information. These </span><span class=\"S45E4 SC8 S2\" id=\"tl_193\">guidelines were incorporated into </span><span class=\"S45E5 SC8 S2\" id=\"tm_193\">the recommendation for reporting of </span><span class=\"S45E6 SC8 S2\" id=\"tn_193\">climate-related risk from the \u201cTask </span><span class=\"S45E7 SC8 S2\" id=\"to_193\">Force on Climate-related Financial </span><span class=\"S45E8 SC8 S2\" id=\"tp_193\">Disclosures\u201d (TCFD), as a supplement </span><span class=\"S45E9 SC8 S2\" id=\"tq_193\">to the guidelines from 2017. The TCFD </span><span class=\"S45EA SC8 S2\" id=\"tr_193\">recommends that enterprises and </span><span class=\"S45EB SC8 S2\" id=\"ts_193\">investors report their methods for </span><span class=\"S45EC SC8 S2\" id=\"tt_193\">taking climate-related risk into account </span><span class=\"S45ED SC8 S2\" id=\"tu_193\">in strategy processes, and how risk is </span><span class=\"S45EE SC8 S2\" id=\"tv_193\">identi\ufb01ed, measured and controlled. </span><span class=\"S45EF SC8 S2\" id=\"tw_193\">The NFRD is now incorporated in </span><span class=\"S45F0 SC8 S2\" id=\"tx_193\">Norwegian legislation via the </span><span class=\"S45F1 SC8 S2\" id=\"ty_193\">Statement of Social Responsibility, </span><span class=\"S45F2 SC8 S2\" id=\"tz_193\">where the TCFD is a part of the </span><span class=\"S45F3 SC8 S2\" id=\"t10_193\">reporting requirement. The Group </span><span class=\"S45F4 SC8 S2\" id=\"t11_193\">complies with the above. </span><span class=\"S45F5 SC8 S2\" id=\"t12_193\">Our planet will soon be home to eight </span><span class=\"S45F6 SC8 S2\" id=\"t13_193\">billion people, and they need food </span><span class=\"S45F7 SC8 S2\" id=\"t14_193\">every day. Not all food can be </span><span class=\"S45F8 SC8 S2\" id=\"t15_193\">harvested from nature\u2019s own resources. </span><span class=\"S45F9 SC8 S2\" id=\"t16_193\">Most food products today require </span><span class=\"S45FA SC8 S2\" id=\"t17_193\">some form of production. And we all </span><span class=\"S45FB SC8 S2\" id=\"t18_193\">know that production, including food </span><span class=\"S45FC SC8 S2\" id=\"t19_193\">production, has a certain climate </span><span class=\"S45FD SC8 S2\" id=\"t1a_193\">footprint. In our efforts to reduce the </span><span class=\"S45FE SC8 S2\" id=\"t1b_193\">risk of global warming bringing </span><span class=\"S45FF SC8 S2\" id=\"t1c_193\">temperatures in excess of that which </span><span class=\"S4600 SC8 S2\" id=\"t1d_193\">our planet can tolerate, it is essential </span><span class=\"S4601 SC8 S2\" id=\"t1e_193\">to keep our climate footprint to an </span><span class=\"S4602 SC8 S2\" id=\"t1f_193\">absolute minimum. This is a shared </span><span class=\"S4603 SC8 S2\" id=\"t1g_193\">responsibility, and every person and </span><span class=\"S4604 SC8 S2\" id=\"t1h_193\">company must evaluate possible </span><span class=\"S4605 SC8 S2\" id=\"t1i_193\">measures they can take, then adapt </span><span class=\"S4606 SC8 S2\" id=\"t1j_193\">their behaviour accordingly \u2013 if we </span><span class=\"S4607 SC8 S2\" id=\"t1k_193\">are to achieve our goal of reducing </span><span class=\"S4608 SC8 S2\" id=\"t1l_193\">rising temperatures to a minimum. </span><span class=\"S4609 SC8 S2\" id=\"t1m_193\">These measures may be voluntary or </span><span class=\"S460A SC8 S2\" id=\"t1n_193\">mandatory. The authorities have a </span><span class=\"S460B SC8 S2\" id=\"t1o_193\">certain extent of control over the speed </span><span class=\"S460C SC8 S2\" id=\"t1p_193\">of the change-over to a low-emissions </span><span class=\"S460D SC8 S2\" id=\"t1q_193\">society, and do so by implementing </span><span class=\"S460E SC8 S2\" id=\"t1r_193\">regulations. However, which measures </span><span class=\"S460F SC8 S2\" id=\"t1s_193\">can be implemented and when will be </span><span class=\"S4610 SC8 S2\" id=\"t1t_193\">determined by available technology </span><span class=\"S4611 SC8 S2\" id=\"t1u_193\">and economy. In an effort to prevent </span><span class=\"S4612 SC8 S2\" id=\"t1v_193\">economic factors from obstructing </span><span class=\"S4613 SC8 S2\" id=\"t1w_193\">developments, the authorities have </span><span class=\"S4614 SC8 S2\" id=\"t1x_193\">introduced a number of regulatory </span><span class=\"S4615 SC8 S2\" id=\"t1y_193\">measures, including fees. The scope of </span><span class=\"S4616 SC8 S2\" id=\"t1z_193\">these regulatory measures and fees </span><span class=\"S4617 SC8 S2\" id=\"t20_193\">related to greenhouse gas emissions </span><span class=\"S4618 SC8 S2\" id=\"t21_193\">is expected to increase in the future. </span><span class=\"S4619 SC8 S2\" id=\"t22_193\">The transition to a low-emissions </span><span class=\"S461A SC8 S2\" id=\"t23_193\">society will come at a cost. The </span><span class=\"S461B SC8 S2\" id=\"t24_193\">development of and investments in </span><span class=\"S461C SC8 S2\" id=\"t25_193\">low-emissions technology will require </span><span class=\"S461D SC8 S2\" id=\"t26_193\">signi\ufb01cant capital. At the same time, </span><span class=\"S461E SC8 S2\" id=\"t27_193\">failing to adapt will also come at a </span><span class=\"S461F SC8 S2\" id=\"t28_193\">cost and could, in the long term, make </span><span class=\"S4620 SC8 S2\" id=\"t29_193\">it impossible to continue operations. </span><span class=\"S4621 SC8 S2\" id=\"t2a_193\">A company's ability to adapt in this </span><span class=\"S4622 SC8 S2\" id=\"t2b_193\">context will become similar to a </span><span class=\"S4623 SC8 S2\" id=\"t2c_193\">\u201clicence to operate\u201d. </span><span class=\"S4624 SC8 S2\" id=\"t2d_193\">Climate risk implies a \ufb01nancial risk in </span><span class=\"S4625 SC8 S2\" id=\"t2e_193\">two areas. Firstly, climate risk involves </span><span class=\"S4626 SC8 S2\" id=\"t2f_193\">uncertainties surrounding physical </span><span class=\"S4627 SC8 S2\" id=\"t2g_193\">climate change (physical risk) caused </span><span class=\"S4628 SC8 S2\" id=\"t2h_193\">by global warming. </span><span class=\"S4629 SC8 S2\" id=\"t2i_193\">Secondly, climate </span><span class=\"S462A SC8 S2\" id=\"t2j_193\">risk involves the transition to a low- </span><span class=\"S462B SC8 S2\" id=\"t2k_193\">emissions society, to be achieved via </span><span class=\"S462C SC8 S2\" id=\"t2l_193\">measures and technological </span><span class=\"S462D SC8 S2\" id=\"t2m_193\">developments (transition risk). The </span><span class=\"S462E SC8 S2\" id=\"t2n_193\">company will be affected by both the </span><span class=\"S462F SC8 S2\" id=\"t2o_193\">above. Both the consequences of </span><span class=\"S4630 SC8 S2\" id=\"t2p_193\">global warming and mandatory </span><span class=\"S4631 SC8 S2\" id=\"t2q_193\">measures to limit climate change will </span><span class=\"S4632 SC8 S2\" id=\"t2r_193\">represent a cost for the company. </span><span class=\"S4633 SC8 S2\" id=\"t2s_193\">Not only will there be a major focus </span><span class=\"S4634 SC8 S2\" id=\"t2t_193\">on how the Group's operations affect </span><span class=\"S4635 SC8 S2\" id=\"t2u_193\">the climate, it is also essential that </span><span class=\"S4636 SC8 S2\" id=\"t2v_193\">the Group understands how climate </span><span class=\"S4637 SC8 S2\" id=\"t2w_193\">change may affect Group operations, </span><span class=\"S4638 SC8 S2\" id=\"t2x_193\">including the \ufb01nancial impact on </span><span class=\"S4639 SC8 S2\" id=\"t2y_193\">Group income, costs and investments. </span><span class=\"S463A SC8 S2\" id=\"t2z_193\">Having a strategy adapted to </span><span class=\"S463B SC8 S2\" id=\"t30_193\">identi\ufb01ed climate risks will help us </span><span class=\"S463C SC8 S2\" id=\"t31_193\">reduce these costs. At the same time, </span><span class=\"S463D SC8 S2\" id=\"t32_193\">the transition to a low-emissions </span><span class=\"S463E SC8 S2\" id=\"t33_193\">society could bring new opportunities </span><span class=\"S463F SC8 S2\" id=\"t34_193\">for earnings. </span><span class=\"S4640 SC8 S2\" id=\"t35_193\">The Group has therefore invested </span><span class=\"S4641 SC8 S2\" id=\"t36_193\">signi\ufb01cant efforts in this area in recent </span><span class=\"S4642 SC8 S2\" id=\"t37_193\">years. The Group has established </span><span class=\"S4643 SC8 S2\" id=\"t38_193\">ef\ufb01cient processes for the identi\ufb01cation, </span><span class=\"S4644 SC8 S2\" id=\"t39_193\">management and monitoring of </span><span class=\"S4645 SC8 S2\" id=\"t3a_193\">climate risk. This process has been </span><span class=\"S4646 SC8 S2\" id=\"t3b_193\">fully adopted by both the Board of </span><span class=\"S4647 SC8 S2\" id=\"t3c_193\">Directors and management. The </span><span class=\"S4648 SC8 S2\" id=\"t3d_193\">Group\u2019s goal is to be the world\u2019s most </span><span class=\"S4649 SC8 S2\" id=\"t3e_193\">ef\ufb01cient value chain for sustainable </span><span class=\"S464A SC8 S2\" id=\"t3f_193\">seafood. The Board of Directors has </span><span class=\"S464B SC8 S2\" id=\"t3g_193\">therefore committed to this process by </span><span class=\"S464C SC8 S2\" id=\"t3h_193\">establishing ambitious environmental </span><span class=\"S464D SC8 S2\" id=\"t3i_193\">goals, which are also incorporated </span><span class=\"S464E SC8 S2\" id=\"t3j_193\">into the company\u2019s strategy, for a </span><span class=\"S464F SC8 S2\" id=\"t3k_193\">reduction of 46% in greenhouse gas </span><span class=\"S4650 SC8 S2\" id=\"t3l_193\">emissions from the Group's value </span><span class=\"S4651 SC8 S2\" id=\"t3m_193\">chain by 2030. The Group also aims to </span><span class=\"S4652 SC8 S2\" id=\"t3n_193\">achieve climate neutrality by 2050. </span><span class=\"S4653 SC8 S2\" id=\"t3o_193\">This requires making sound decisions </span><span class=\"S4654 SC8 S2\" id=\"t3p_193\">with a view to the environment in </span><span class=\"S4655 SC8 S2\" id=\"t3q_193\">daily operations and investment </span><span class=\"S4656 SC8 S2\" id=\"t3r_193\">decisions. The Group has introduced </span><span class=\"S4657 SC8 S2\" id=\"t3s_193\">several projects involving internal </span><span class=\"S4658 SC8 S2\" id=\"t3t_193\">communications, acceptance and </span><span class=\"S4659 SC8 S2\" id=\"t3u_193\">training to ensure that all employees </span><span class=\"S465A SC8 S2\" id=\"t3v_193\">are aware of how each of us can help </span><span class=\"S465B SC8 S2\" id=\"t3w_193\">reduce greenhouse gas emissions </span><span class=\"S465C SC8 S2\" id=\"t3x_193\">from daily operations. Suppliers are </span><span class=\"S465D SC8 S2\" id=\"t3y_193\">also required to contribute to the </span><span class=\"S465E SC8 S2\" id=\"t3z_193\">reduction of their emissions, if they </span><span class=\"S465F SC8 S2\" id=\"t40_193\">want to continue as suppliers to the </span><span class=\"S4660 SC8 S2\" id=\"t41_193\">Group. This process will naturally </span><span class=\"S4661 SC8 S2\" id=\"t42_193\">take some time as the Group has </span><span class=\"S4662 SC8 S2\" id=\"t43_193\">numerous suppliers, and will require </span><span class=\"S4663 SC8 S2\" id=\"t44_193\">charting and changes in agreements </span><span class=\"S4664 SC8 S2\" id=\"t45_193\">before any quanti\ufb01able results are </span><span class=\"S4665 SC8 S2\" id=\"t46_193\">achieved. The Group has already </span><span class=\"S4666 SC8 S2\" id=\"t47_193\">agreed on commitments with many </span><span class=\"S4667 SC8 S2\" id=\"t48_193\">suppliers regarding reductions in </span><span class=\"S4668 SC8 S2\" id=\"t49_193\">emissions. When selecting new </span><span class=\"S4669 SC8 S2\" id=\"t4a_193\">suppliers, environmental factors are </span><span class=\"S466A SC8 S2\" id=\"t4b_193\">a critical parameter in agreements. </span><span class=\"S466B SC8 S2\" id=\"t4c_193\">The Group's impact on the environment </span><span class=\"S466C SC8 S2\" id=\"t4d_193\">and climate is continuously monitored </span><span class=\"S466D SC8 S2\" id=\"t4e_193\">and periodically reported, both </span><span class=\"S466E SC8 S2\" id=\"t4f_193\">internally and externally. For more </span><span class=\"S466F SC8 S2\" id=\"t4g_193\">detailed information and \ufb01gures </span><span class=\"S4670 SC8 S2\" id=\"t4h_193\">showing the Group\u2019s impact on the </span><span class=\"S4671 SC8 S2\" id=\"t4i_193\">environment and climate, please </span><span class=\"S4672 SC8 S2\" id=\"t4j_193\">refer to the Group's sustainability </span><span class=\"S4673 SC8 S2\" id=\"t4k_193\">library at www.leroyseafood.com. </span><span class=\"S4674 SC8 S2\" id=\"t4l_193\">The Group's TCFD report includes a </span><span class=\"S4675 SC8 S2\" id=\"t4m_193\">detailed risk analysis. The TCFD </span><span class=\"S4676 SC8 S2\" id=\"t4n_193\">report is updated once a year, and </span><span class=\"S4677 SC8 S2\" id=\"t4o_193\">new updates are expected to be </span><span class=\"S4678 SC8 S2\" id=\"t4p_193\">completed and published at the end </span><span class=\"S3450 S18EC S2\" id=\"t4w_193\">NOTE 28 </span><span class=\"S467A S18EC S2\" id=\"t4x_193\">Climate risk </span><span class=\"S467B SC8 S2\" id=\"t1_194\">with fewer trips to and from shore. </span><span class=\"S1F5C SC8 S2\" id=\"t2_194\">Also delivery to Norwegian stations </span><span class=\"S467C SC8 S2\" id=\"t3_194\">help reducing pollution when </span><span class=\"S467D SC8 S2\" id=\"t4_194\">compared with transporting raw </span><span class=\"S3BD5 SC8 S2\" id=\"t5_194\">materials to low-cost countries for </span><span class=\"S467E SC8 S2\" id=\"t6_194\">further processing. Based on these </span><span class=\"S1F60 SC8 S2\" id=\"t7_194\">measures, the Group is of the opinion </span><span class=\"S467F SC8 S2\" id=\"t8_194\">that reputation risk in this segment is </span><span class=\"S4680 SC8 S2\" id=\"t9_194\">low. In the Group's assessment, the risk </span><span class=\"S4681 SC8 S2\" id=\"ta_194\">of a fall in demand for our products, </span><span class=\"S1E38 SC8 S2\" id=\"tb_194\">resulting in value impairment of our </span><span class=\"S1F65 SC8 S2\" id=\"tc_194\">stock, is very low. Neither has the </span><span class=\"S4682 SC8 S2\" id=\"td_194\">Group identi\ufb01ed any climate risk for </span><span class=\"S4683 SC8 S2\" id=\"te_194\">trade receivables. </span><span class=\"S4684 SC7 S2\" id=\"tf_194\">Farming </span><span class=\"S1C15 SC8 S2\" id=\"tg_194\">The Group\u2019s farming operations take </span><span class=\"S4685 SC8 S2\" id=\"th_194\">place along the coast of Norway and </span><span class=\"S4686 SC8 S2\" id=\"ti_194\">are divided into three regions: West, </span><span class=\"S4687 SC8 S2\" id=\"tj_194\">Central and North Norway. For the </span><span class=\"S30C2 SC8 S2\" id=\"tk_194\">Farming segment, extreme weather </span><span class=\"S4688 SC8 S2\" id=\"tl_194\">is also seen as the greatest physical </span><span class=\"S4689 SC8 S2\" id=\"tm_194\">risk. Most of the segment\u2019s operations </span><span class=\"S468A SC8 S2\" id=\"tn_194\">take place offshore, and extreme </span><span class=\"S468B SC8 S2\" id=\"to_194\">weather could make work on the </span><span class=\"S468C SC8 S2\" id=\"tp_194\">facilities dif\ufb01cult and increase the risk </span><span class=\"S468D SC8 S2\" id=\"tq_194\">of damage to production equipment. </span><span class=\"S468E SC8 S2\" id=\"tr_194\">The risk of damage could also increase </span><span class=\"S468F SC8 S2\" id=\"ts_194\">the risk of escapes. Extreme weather </span><span class=\"S4690 SC8 S2\" id=\"tt_194\">could also have an indirect impact. </span><span class=\"S4691 SC8 S2\" id=\"tu_194\">Around 70% of current raw materials </span><span class=\"S1C22 SC8 S2\" id=\"tv_194\">for \ufb01sh feed are vegetable. If </span><span class=\"S2311 SC8 S2\" id=\"tw_194\">temperatures change, the conditions </span><span class=\"S4692 SC8 S2\" id=\"tx_194\">for cultivating these raw materials </span><span class=\"S4693 SC8 S2\" id=\"ty_194\">may change, and this could become </span><span class=\"S1C26 SC8 S2\" id=\"tz_194\">critical if alternatives are not found. </span><span class=\"S3B7F SC8 S2\" id=\"t10_194\">Scenario analyses also indicate that </span><span class=\"S209F SC8 S2\" id=\"t11_194\">rising sea temperatures are a long- </span><span class=\"S4694 SC8 S2\" id=\"t12_194\">term risk that requires monitoring. </span><span class=\"S1F7A SC8 S2\" id=\"t13_194\">Although the rise in temperatures is </span><span class=\"S4695 SC8 S2\" id=\"t14_194\">slow, it could have negative economic </span><span class=\"S1F7C SC8 S2\" id=\"t15_194\">consequences in the longer term. The </span><span class=\"S1D0B SC8 S2\" id=\"t16_194\">Group does expect an increase in </span><span class=\"S4696 SC8 S2\" id=\"t17_194\">biological challenges involving lice </span><span class=\"S4697 SC8 S2\" id=\"t18_194\">infestation, disease, algae and </span><span class=\"S4698 SC8 S2\" id=\"t19_194\">possible new foreign species. </span><span class=\"S4699 SC8 S2\" id=\"t1a_194\">Measures required to protect the </span><span class=\"S469A SC8 S2\" id=\"t1b_194\">Group against such changes represent </span><span class=\"S231E SC8 S2\" id=\"t1c_194\">an increase in costs. Rising sea </span><span class=\"S20A9 SC8 S2\" id=\"t1d_194\">temperatures are also expected to </span><span class=\"S469B SC8 S2\" id=\"t1e_194\">result in more extreme weather. The </span><span class=\"S469C SC8 S2\" id=\"t1f_194\">physical risk associated with </span><span class=\"S469D SC8 S2\" id=\"t1g_194\">aquaculture is still seen as low both </span><span class=\"S469E SC8 S2\" id=\"t1h_194\">in the short, medium and long term. </span><span class=\"S1D15 SC8 S2\" id=\"t1i_194\">Transition risk for this segment is also </span><span class=\"S1D16 SC8 S2\" id=\"t1j_194\">assessed as low. Raw materials for </span><span class=\"S1D17 SC8 S2\" id=\"t1k_194\">\ufb01sh feed are the largest source of </span><span class=\"S1C3B SC8 S2\" id=\"t1l_194\">greenhouse gas emissions for this </span><span class=\"S469F SC8 S2\" id=\"t1m_194\">long term, this risk could increase </span><span class=\"S222A SC8 S2\" id=\"t1n_194\">and must be monitored carefully. </span><span class=\"S46A0 SC8 S2\" id=\"t1o_194\">Transition risk has also been identi\ufb01ed </span><span class=\"S1E93 SC8 S2\" id=\"t1p_194\">for this segment. The transition from </span><span class=\"S2329 SC8 S2\" id=\"t1q_194\">fossil energy carriers to renewable </span><span class=\"S46A1 SC8 S2\" id=\"t1r_194\">energy may cause a fall in the value </span><span class=\"S46A2 SC8 S2\" id=\"t1s_194\">of capital stock, in turn affecting the </span><span class=\"S46A3 SC8 S2\" id=\"t1t_194\">Group economically. This value </span><span class=\"S46A4 SC8 S2\" id=\"t1u_194\">impairment could occur via increased </span><span class=\"S43FE SC8 S2\" id=\"t1v_194\">fees for the use of the trawler \ufb02eet, </span><span class=\"S1BDB SC8 S2\" id=\"t1w_194\">regulatory requirements on the types </span><span class=\"S46A5 SC8 S2\" id=\"t1x_194\">of propulsion systems permitted and, </span><span class=\"S2331 SC8 S2\" id=\"t1y_194\">to a certain degree, reputation risk </span><span class=\"S20B7 SC8 S2\" id=\"t1z_194\">associated with the use of fossil fuels. </span><span class=\"S46A6 SC8 S2\" id=\"t20_194\">The Group takes active efforts to </span><span class=\"S46A7 SC8 S2\" id=\"t21_194\">reduce greenhouse gas emissions by </span><span class=\"S46A8 SC8 S2\" id=\"t22_194\">making use of the best technology </span><span class=\"S46A9 SC8 S2\" id=\"t23_194\">available and making contributions </span><span class=\"S46AA SC8 S2\" id=\"t24_194\">to technological developments. The </span><span class=\"S46AB SC8 S2\" id=\"t25_194\">Group participates in DnV\u2019s Green </span><span class=\"S46AC SC8 S2\" id=\"t26_194\">Shipping Programme, where </span><span class=\"S1F9A SC8 S2\" id=\"t27_194\">participants have a common goal to </span><span class=\"S46AD SC8 S2\" id=\"t28_194\">uncover new environmentally friendly </span><span class=\"S46AE SC8 S2\" id=\"t29_194\">technology. Among the projects under </span><span class=\"S30A8 SC8 S2\" id=\"t2a_194\">assessment are use of nitrogen and </span><span class=\"S46AF SC8 S2\" id=\"t2b_194\">ammonia, with the potential to reduce </span><span class=\"S46B0 SC8 S2\" id=\"t2c_194\">greenhouse gas emissions from the </span><span class=\"S46B1 SC8 S2\" id=\"t2d_194\">largest vessels. </span><span class=\"S46B2 SC8 S2\" id=\"t2e_194\">There currently </span><span class=\"S4379 SC8 S2\" id=\"t2f_194\">remains a high level of uncertainty </span><span class=\"S30AD SC8 S2\" id=\"t2g_194\">about the use of these types of fuel in </span><span class=\"S20C5 SC8 S2\" id=\"t2h_194\">relation to the safety of persons on- </span><span class=\"S46B3 SC8 S2\" id=\"t2i_194\">board and the lack of available </span><span class=\"S46B4 SC8 S2\" id=\"t2j_194\">capacity for bunkering of these fuel </span><span class=\"S31B5 SC8 S2\" id=\"t2k_194\">types along the coast. For the time </span><span class=\"S46B5 SC8 S2\" id=\"t2l_194\">being, we have a wait-and-see </span><span class=\"S46B6 SC8 S2\" id=\"t2m_194\">approach with regards our choice of </span><span class=\"S46B7 SC8 S2\" id=\"t2n_194\">technologies. We do, however, feel </span><span class=\"S46B8 SC8 S2\" id=\"t2o_194\">con\ufb01dent that good solutions will be </span><span class=\"S46B9 SC8 S2\" id=\"t2p_194\">available in the relatively short term. </span><span class=\"S46BA SC8 S2\" id=\"t2q_194\">In the short and medium term, there </span><span class=\"S46BB SC8 S2\" id=\"t2r_194\">are therefore no alternative propulsion </span><span class=\"S46BC SC8 S2\" id=\"t2s_194\">systems that can be used for </span><span class=\"S46BD SC8 S2\" id=\"t2t_194\">commercial \ufb01sheries in the north. </span><span class=\"S46BE SC8 S2\" id=\"t2u_194\">Based on the estimated remaining </span><span class=\"S46BF SC8 S2\" id=\"t2v_194\">service life of our \ufb02eet, and the Group's </span><span class=\"S46C0 SC8 S2\" id=\"t2w_194\">depreciation plans, the Group has </span><span class=\"S46C1 SC8 S2\" id=\"t2x_194\">not identi\ufb01ed any indications of </span><span class=\"S46C2 SC8 S2\" id=\"t2y_194\">impairment of either licences nor \ufb01xed </span><span class=\"S46C3 SC8 S2\" id=\"t2z_194\">assets. Consumers are expected to </span><span class=\"S1FB4 SC8 S2\" id=\"t30_194\">increasingly demand food with a </span><span class=\"S46C4 SC8 S2\" id=\"t31_194\">lower carbon footprint in the future. </span><span class=\"S46C5 SC8 S2\" id=\"t32_194\">Wild-caught white\ufb01sh already has a </span><span class=\"S46C6 SC8 S2\" id=\"t33_194\">low carbon footprint. The Group has </span><span class=\"S1EBE SC8 S2\" id=\"t34_194\">implemented several measures to </span><span class=\"S46C7 SC8 S2\" id=\"t35_194\">reduce this even further. These </span><span class=\"S20DA SC8 S2\" id=\"t36_194\">comprise an increase in freezer </span><span class=\"S46C8 SC8 S2\" id=\"t37_194\">capacity on-board, so that the \ufb02eet </span><span class=\"S46C9 SC8 S2\" id=\"t38_194\">can spend more time at sea \ufb01shing, </span><span class=\"S1B9C SC8 S2\" id=\"t39_194\">of May 2023. The main conclusions </span><span class=\"S46CA SC8 S2\" id=\"t3a_194\">are summarised below, in total and </span><span class=\"S46CB SC8 S2\" id=\"t3b_194\">per segment. </span><span class=\"S3BCC SC7 S2\" id=\"t3c_194\">Financial impact of climate change </span><span class=\"S413F SC8 S2\" id=\"t3d_194\">The Group has assessed its climate </span><span class=\"S46CC SC8 S2\" id=\"t3e_194\">risk involved in operations, in terms </span><span class=\"S46CD SC8 S2\" id=\"t3f_194\">of both physical risk and transition </span><span class=\"S46CE SC8 S2\" id=\"t3g_194\">risk. </span><span class=\"S46CF SC8 S2\" id=\"t3h_194\">The Group has not incurred any </span><span class=\"S1BA5 SC8 S2\" id=\"t3i_194\">signi\ufb01cant costs in 2022 as a result of </span><span class=\"S46D0 SC8 S2\" id=\"t3j_194\">the impact of climate change. Neither </span><span class=\"S46D1 SC8 S2\" id=\"t3k_194\">has the Group identi\ufb01ed climate- </span><span class=\"S1E68 SC8 S2\" id=\"t3l_194\">related incidents in 2022 or risk </span><span class=\"S46D2 SC8 S2\" id=\"t3m_194\">indicating the need to re-estimate </span><span class=\"S2361 SC8 S2\" id=\"t3n_194\">the service life or residual value of </span><span class=\"S1D60 SC8 S2\" id=\"t3o_194\">the Group's assets. For a detailed </span><span class=\"S46D3 SC8 S2\" id=\"t3p_194\">assessment, please refer to the Group's </span><span class=\"S46D4 SC8 S2\" id=\"t3q_194\">TCFD report. The main conclusions </span><span class=\"S46D5 SC8 S2\" id=\"t3r_194\">are summarised below. </span><span class=\"S46D6 SC7 S2\" id=\"t3s_194\">Wild Catch and White\ufb01sh </span><span class=\"S46D7 SC8 S2\" id=\"t3t_194\">The Group's \ufb01sheries are mainly </span><span class=\"S46D8 SC8 S2\" id=\"t3u_194\">conducted in Norway\u2019s northernmost </span><span class=\"S46D9 SC8 S2\" id=\"t3v_194\">waters. Extreme weather is primarily </span><span class=\"S1FD0 SC8 S2\" id=\"t3w_194\">the greatest physical risk involved in </span><span class=\"S46DA SC8 S2\" id=\"t3x_194\">this activity. If the weather is too </span><span class=\"S46DB SC8 S2\" id=\"t3y_194\">extreme, the Group's \ufb01shing vessels </span><span class=\"S46DC SC8 S2\" id=\"t3z_194\">may not be able to carry out \ufb01sheries. </span><span class=\"S46DD SC8 S2\" id=\"t40_194\">If this were to occur during the high </span><span class=\"S46DE SC8 S2\" id=\"t41_194\">season, the vessels might not be able </span><span class=\"S46DF SC8 S2\" id=\"t42_194\">to catch their full quota for certain </span><span class=\"S1D6F SC8 S2\" id=\"t43_194\">\ufb01sh species within the quota season. </span><span class=\"S46E0 SC8 S2\" id=\"t44_194\">This would have a knock-on effect on </span><span class=\"S46E1 SC8 S2\" id=\"t45_194\">the processing industry on shore. </span><span class=\"S46E2 SC8 S2\" id=\"t46_194\">Extreme weather would imply that </span><span class=\"S46E3 SC8 S2\" id=\"t47_194\">the shore-based industry would not </span><span class=\"S1BBD SC8 S2\" id=\"t48_194\">receive delivery of the raw materials </span><span class=\"S46E4 SC8 S2\" id=\"t49_194\">required for production of \ufb01nished </span><span class=\"S46E5 SC8 S2\" id=\"t4a_194\">goods, in turn negatively affecting </span><span class=\"S46E6 SC8 S2\" id=\"t4b_194\">earnings throughout the entire value </span><span class=\"S46E7 SC8 S2\" id=\"t4c_194\">chain. The risk of extreme weather </span><span class=\"S46E8 SC8 S2\" id=\"t4d_194\">signi\ufb01cantly impairing Group earnings </span><span class=\"S46E9 SC8 S2\" id=\"t4e_194\">is assessed as low. Changes in </span><span class=\"S46EA SC8 S2\" id=\"t4f_194\">temperature are also thought to </span><span class=\"S3B2E SC8 S2\" id=\"t4g_194\">represent a physical risk. Research </span><span class=\"S2100 SC8 S2\" id=\"t4h_194\">supports the claim that an increase </span><span class=\"S46EB SC8 S2\" id=\"t4i_194\">in ocean temperatures can bring </span><span class=\"S2101 SC8 S2\" id=\"t4j_194\">changes in both migration routes </span><span class=\"S1E87 SC8 S2\" id=\"t4k_194\">and spawning patterns for different </span><span class=\"S46EC SC8 S2\" id=\"t4l_194\">\ufb01sh species, resulting in changes in </span><span class=\"S46ED SC8 S2\" id=\"t4m_194\">where we can \ufb01sh for the different </span><span class=\"S46EE SC8 S2\" id=\"t4n_194\">species. This could complicate the </span><span class=\"S46EF SC8 S2\" id=\"t4o_194\">processes of establishing and </span><span class=\"S46F0 SC8 S2\" id=\"t4p_194\">distributing quotas between \ufb01shery </span><span class=\"S46F1 SC8 S2\" id=\"t4q_194\">nations. In the Group's assessment, </span><span class=\"S46F2 SC8 S2\" id=\"t4r_194\">the risk of signi\ufb01cantly impaired </span><span class=\"S46F3 SC8 S2\" id=\"t4s_194\">earnings caused by the above is low </span><span class=\"S2380 SC8 S2\" id=\"t4t_194\">in the short to medium term. In the </span><span class=\"S46F7 SC8 S2\" id=\"t1_195\">the assessment that they are in </span><span class=\"S443A SC8 S2\" id=\"t2_195\">relatively safe locations. Given the </span><span class=\"S3F29 SC8 S2\" id=\"t3_195\">fact that the Group has already </span><span class=\"S3003 SC8 S2\" id=\"t4_195\">made good headway with measures </span><span class=\"S46F8 SC8 S2\" id=\"t5_195\">to save on energy consumption, the </span><span class=\"S46F9 SC8 S2\" id=\"t6_195\">transition risk for this segment is </span><span class=\"S46FA SC8 S2\" id=\"t7_195\">seen as low. In relation to reputation </span><span class=\"S46FB SC8 S2\" id=\"t8_195\">risk for this segment, the same </span><span class=\"S46FC SC8 S2\" id=\"t9_195\">assessments as for other segments </span><span class=\"S3007 SC8 S2\" id=\"ta_195\">are applied. </span><span class=\"S46FD SC8 S2\" id=\"tb_195\">indications that this situation has </span><span class=\"S46FE SC8 S2\" id=\"tc_195\">changed. In terms of transport, the </span><span class=\"S46FF SC8 S2\" id=\"td_195\">Group makes use of external suppliers. </span><span class=\"S3F25 SC8 S2\" id=\"te_195\">As the Group\u2019s main market is the EU, </span><span class=\"S4700 SC8 S2\" id=\"tf_195\">most products are transported by </span><span class=\"S4701 SC8 S2\" id=\"tg_195\">road. The Group therefore has a high </span><span class=\"S3128 SC8 S2\" id=\"th_195\">degree of \ufb02exibility in terms of any </span><span class=\"S4702 SC8 S2\" id=\"ti_195\">adaptations required as a result of </span><span class=\"S4703 SC8 S2\" id=\"tj_195\">climate-related incidents, such as </span><span class=\"S4704 SC8 S2\" id=\"tk_195\">\ufb02ooding or \ufb01res. </span><span class=\"S4705 SC8 S2\" id=\"tl_195\">Transition risk for this segment is, in </span><span class=\"S4706 SC8 S2\" id=\"tm_195\">total, seen as low. However, transition </span><span class=\"S4707 SC8 S2\" id=\"tn_195\">risk is higher within certain areas for </span><span class=\"S4708 SC8 S2\" id=\"to_195\">this segment. Our second largest </span><span class=\"S4709 SC8 S2\" id=\"tp_195\">source of CO2 emissions is currently </span><span class=\"S470A SC8 S2\" id=\"tq_195\">air transport to overseas markets. </span><span class=\"S470B SC8 S2\" id=\"tr_195\">Emissions from road transport are </span><span class=\"S470C SC8 S2\" id=\"ts_195\">relatively low. The risk of new </span><span class=\"S2030 SC8 S2\" id=\"tt_195\">regulations relating to air transport </span><span class=\"S470D SC8 S2\" id=\"tu_195\">is therefore higher. Increased fees or, </span><span class=\"S470E SC8 S2\" id=\"tv_195\">in the worst-case scenario, a ban on </span><span class=\"S23BE SC8 S2\" id=\"tw_195\">air transport, would have major </span><span class=\"S470F SC8 S2\" id=\"tx_195\">consequences for sales to these </span><span class=\"S4710 SC8 S2\" id=\"ty_195\">markets. Nonetheless, the Group's </span><span class=\"S4711 SC8 S2\" id=\"tz_195\">main markets are in Europe, and </span><span class=\"S1DDB SC8 S2\" id=\"t10_195\">products for these markets are </span><span class=\"S1F05 SC8 S2\" id=\"t11_195\">transported by road. The Group </span><span class=\"S4712 SC8 S2\" id=\"t12_195\">collaborates with transport suppliers </span><span class=\"S1DDE SC8 S2\" id=\"t13_195\">to reduce greenhouse gas emissions, </span><span class=\"S4713 SC8 S2\" id=\"t14_195\">from both air transport and road </span><span class=\"S4714 SC8 S2\" id=\"t15_195\">transport. The Group has introduced </span><span class=\"S1F0A SC8 S2\" id=\"t16_195\">transport of \ufb01llets of \ufb01sh instead of </span><span class=\"S2153 SC8 S2\" id=\"t17_195\">whole \ufb01sh, providing a signi\ufb01cant </span><span class=\"S4715 SC8 S2\" id=\"t18_195\">reduction in pollution per kg of </span><span class=\"S4716 SC8 S2\" id=\"t19_195\">\ufb01nished product transported, and is </span><span class=\"S4717 SC8 S2\" id=\"t1a_195\">working on different refrigeration </span><span class=\"S4718 SC8 S2\" id=\"t1b_195\">solutions for transport. In recent </span><span class=\"S4719 SC8 S2\" id=\"t1c_195\">years, the Group has also made </span><span class=\"S471A SC8 S2\" id=\"t1d_195\">substantial investments in measures </span><span class=\"S471B SC8 S2\" id=\"t1e_195\">to reduce energy consumption in its </span><span class=\"S471C SC8 S2\" id=\"t1f_195\">factories. Moreover, the Group has </span><span class=\"S471D SC8 S2\" id=\"t1g_195\">facilitated logistics solutions that will </span><span class=\"S4042 SC8 S2\" id=\"t1h_195\">allow sea transport to Europe as an </span><span class=\"S471E SC8 S2\" id=\"t1i_195\">alternative to road transport. In the </span><span class=\"S471F SC8 S2\" id=\"t1j_195\">future, this could possibly be extended </span><span class=\"S23CF SC8 S2\" id=\"t1k_195\">to cover overseas markets. The risk of </span><span class=\"S4720 SC8 S2\" id=\"t1l_195\">changes in regulations, bringing </span><span class=\"S215F SC8 S2\" id=\"t1m_195\">requirements for substantial new </span><span class=\"S4721 SC8 S2\" id=\"t1n_195\">investments in this area, or that would </span><span class=\"S4722 SC8 S2\" id=\"t1o_195\">have a signi\ufb01cant economic impact </span><span class=\"S4723 SC8 S2\" id=\"t1p_195\">on the Group, is therefore seen as low. </span><span class=\"S4724 SC8 S2\" id=\"t1q_195\">Practically all the Group's transport </span><span class=\"S4725 SC8 S2\" id=\"t1r_195\">services are outsourced. The Group </span><span class=\"S4726 SC8 S2\" id=\"t1s_195\">therefore has no means of transport </span><span class=\"S23D5 SC8 S2\" id=\"t1t_195\">on their balance sheet that could be </span><span class=\"S4727 SC8 S2\" id=\"t1u_195\">subject to impairment. When it </span><span class=\"S4728 SC8 S2\" id=\"t1v_195\">comes to factories, the Group is of </span><span class=\"S4729 SC8 S2\" id=\"t1w_195\">segment. Around 80% of our emissions </span><span class=\"S3C3A SC8 S2\" id=\"t1x_195\">originate from \ufb01sh feed. The Group </span><span class=\"S472A SC8 S2\" id=\"t1y_195\">collaborates with the \ufb01sh feed suppliers </span><span class=\"S216A SC8 S2\" id=\"t1z_195\">with a view to developing new </span><span class=\"S472B SC8 S2\" id=\"t20_195\">ingredients that can be used as raw </span><span class=\"S1C45 SC8 S2\" id=\"t21_195\">materials for feed, in turn reducing </span><span class=\"S472C SC8 S2\" id=\"t22_195\">emissions. The segment has also made </span><span class=\"S21C1 SC8 S2\" id=\"t23_195\">considerable investments in recent </span><span class=\"S22B7 SC8 S2\" id=\"t24_195\">years in green technology, most </span><span class=\"S1E01 SC8 S2\" id=\"t25_195\">notably the transition from fossil fuel </span><span class=\"S1C49 SC8 S2\" id=\"t26_195\">to electric propulsion for their work </span><span class=\"S472D SC8 S2\" id=\"t27_195\">and service boats. The same applies </span><span class=\"S2172 SC8 S2\" id=\"t28_195\">to the feed barges, now more and </span><span class=\"S472E SC8 S2\" id=\"t29_195\">more powered by land-based power. </span><span class=\"S472F SC8 S2\" id=\"t2a_195\">A new land based power station for </span><span class=\"S4730 SC8 S2\" id=\"t2b_195\">well boats has recently been installed </span><span class=\"S2176 SC8 S2\" id=\"t2c_195\">at Ler\u00f8y Midt`s facility at J\u00f8sn\u00f8ya. As </span><span class=\"S4731 SC8 S2\" id=\"t2d_195\">a result, the risk of the Group having </span><span class=\"S4732 SC8 S2\" id=\"t2e_195\">new climate-related measures </span><span class=\"S23E7 SC8 S2\" id=\"t2f_195\">imposed with substantial economic </span><span class=\"S217A SC8 S2\" id=\"t2g_195\">signi\ufb01cance is seen as low. Licences, </span><span class=\"S4733 SC8 S2\" id=\"t2h_195\">the Group's largest asset and which </span><span class=\"S1E0D SC8 S2\" id=\"t2i_195\">do not depreciate, are assessed for </span><span class=\"S4734 SC8 S2\" id=\"t2j_195\">impairment every year. This assessment </span><span class=\"S4735 SC8 S2\" id=\"t2k_195\">implicitly takes climate risk into </span><span class=\"S4736 SC8 S2\" id=\"t2l_195\">account. The value of licences depends </span><span class=\"S4737 SC8 S2\" id=\"t2m_195\">on having a certain amount of cash </span><span class=\"S4738 SC8 S2\" id=\"t2n_195\">\ufb02ow. Both volume and price are very </span><span class=\"S4739 SC8 S2\" id=\"t2o_195\">important parameters in this model. </span><span class=\"S473A SC8 S2\" id=\"t2p_195\">The greatest risk involves prices. A fall </span><span class=\"S473B SC8 S2\" id=\"t2q_195\">in the customer\u2019s willingness to pay, </span><span class=\"S473C SC8 S2\" id=\"t2r_195\">due for example to loss of reputation, </span><span class=\"S473D SC8 S2\" id=\"t2s_195\">could represent a challenge for values. </span><span class=\"S473E SC8 S2\" id=\"t2t_195\">As with wild catches and white\ufb01sh, the </span><span class=\"S473F SC8 S2\" id=\"t2u_195\">reputation risk related to the climate </span><span class=\"S4740 SC8 S2\" id=\"t2v_195\">is considered to be low, as aquaculture </span><span class=\"S4741 SC8 S2\" id=\"t2w_195\">has a very low carbon footprint per </span><span class=\"S4742 SC8 S2\" id=\"t2x_195\">kg produced food when compared </span><span class=\"S4743 SC8 S2\" id=\"t2y_195\">with other sources of protein. The </span><span class=\"S2189 SC8 S2\" id=\"t2z_195\">same assessment is carried out for </span><span class=\"S4744 SC8 S2\" id=\"t30_195\">\ufb01xed assets and inventories. </span><span class=\"S4745 SC7 S2\" id=\"t31_195\">VAP, Sales &amp; Distribution </span><span class=\"S1C69 SC8 S2\" id=\"t32_195\">The VAPS&amp;D segment comprises </span><span class=\"S4746 SC8 S2\" id=\"t33_195\">processing, sales and transport. </span><span class=\"S4747 SC8 S2\" id=\"t34_195\">Extreme weather in the form of strong </span><span class=\"S4748 SC8 S2\" id=\"t35_195\">winds, substantial rainfall, \ufb02ooding, </span><span class=\"S4749 SC8 S2\" id=\"t36_195\">drought and \ufb01res could cause damage </span><span class=\"S474A SC8 S2\" id=\"t37_195\">to both factories and key infrastructure. </span><span class=\"S474B SC8 S2\" id=\"t38_195\">This could potentially have a major </span><span class=\"S474C SC8 S2\" id=\"t39_195\">impact directly on Group operations, </span><span class=\"S1EEB SC8 S2\" id=\"t3a_195\">but also indirectly via our supplier </span><span class=\"S474D SC8 S2\" id=\"t3b_195\">chain, as successful logistics are </span><span class=\"S1EED SC8 S2\" id=\"t3c_195\">essential in order to maintain normal </span><span class=\"S474E SC8 S2\" id=\"t3d_195\">operations. The Group's factories are </span><span class=\"S207F SC8 S2\" id=\"t3e_195\">located in areas that, to date, have </span><span class=\"S474F SC8 S2\" id=\"t3f_195\">not been seen as particularly exposed </span><span class=\"S4750 SC8 S2\" id=\"t3g_195\">to physical climate risk. There are no </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9321": {
   "value": "<span class=\"S1B9C SC8 S2\" id=\"t1_114\">This section presents consolidated </span><span class=\"S1B9D SC8 S2\" id=\"t2_114\">accounting policies and notes for </span><span class=\"S1B9E SC8 S2\" id=\"t3_114\">Ler\u00f8y Seafood Group ASA. Accounting </span><span class=\"S1B9F SC8 S2\" id=\"t4_114\">policies and notes for Ler\u00f8y Seafood </span><span class=\"S1BA0 SC8 S2\" id=\"t5_114\">Group ASA (parent company) are </span><span class=\"S1BA1 SC8 S2\" id=\"t6_114\">presented separately after the notes </span><span class=\"S1BA2 SC8 S2\" id=\"t7_114\">to the consolidated \ufb01nancial </span><span class=\"S1BA3 SC8 S2\" id=\"t8_114\">statements. This separation is </span><span class=\"S1BA4 SC8 S2\" id=\"t9_114\">necessary in that the Group submits </span><span class=\"S1BA5 SC8 S2\" id=\"ta_114\">\ufb01nancial statements in accordance </span><span class=\"S1BA6 SC8 S2\" id=\"tb_114\">with IFRS (International Financial </span><span class=\"S1BA7 SC8 S2\" id=\"tc_114\">Reporting Standards), while the </span><span class=\"S1BA8 SC8 S2\" id=\"td_114\">parent company\u2019s \ufb01nancial statements </span><span class=\"S1BA9 SC8 S2\" id=\"te_114\">are drawn up in accordance with </span><span class=\"S1BAA SC8 S2\" id=\"tf_114\">NGAAP (Norwegian Generally </span><span class=\"S1BAB SC8 S2\" id=\"tg_114\">Accepted Accounting Principles). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9325": {
   "value": "Ler\u00f8y Seafood Group ASA",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9326": {
   "value": "ASA",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9340": {
   "value": "<span class=\"S1BAC SC8 S2\" id=\"th_114\">Ler\u00f8y Seafood Group ASA is registered </span><span class=\"S1BAD SC8 S2\" id=\"ti_114\">in Norway and is listed on the Oslo </span><span class=\"S1BAE SC8 S2\" id=\"tj_114\">Stock Exchange. The company\u2019s </span><span class=\"S1BAF SC8 S2\" id=\"tk_114\">consolidated \ufb01nancial statements </span><span class=\"S1BB0 SC8 S2\" id=\"tl_114\">for the \ufb01nancial year 2022 include the </span><span class=\"S1BB1 SC8 S2\" id=\"tm_114\">company and its subsidiaries </span><span class=\"S1BB2 SC8 S2\" id=\"tn_114\">(collectively referred to as \u201cthe Group\u201d) </span><span class=\"S1BB3 SC8 S2\" id=\"to_114\">and the Group\u2019s share in associates. </span><span class=\"S1BB4 SC8 S2\" id=\"tp_114\">Ler\u00f8y Seafood Group ASA is a </span><span class=\"S1BB5 SC8 S2\" id=\"tq_114\">subsidiary of Austevoll Seafood ASA </span><span class=\"S1BB6 SC8 S2\" id=\"tr_114\">(52.69%), which in turn is owned </span><span class=\"S1BB7 SC8 S2\" id=\"ts_114\">(55.55%) by Laco AS. Laco AS is the </span><span class=\"S1BB8 SC8 S2\" id=\"tt_114\">ultimate parent company. </span><span class=\"S45CE S18EC S2\" id=\"t1p_192\">NOTE 27 </span><span class=\"S45CF S18EC S2\" id=\"t1q_192\">Investigation by the competition authorities </span><span class=\"S3DA2 SC7 S2\" id=\"t1_192\">Investigations by competition </span><span class=\"S45AF SC7 S2\" id=\"t2_192\">authorities </span><span class=\"S1E60 SC8 S2\" id=\"t3_192\">On 20 February 2019, the EU </span><span class=\"S45B0 SC8 S2\" id=\"t4_192\">competition authorities (\u201cthe EU </span><span class=\"S45B1 SC8 S2\" id=\"t5_192\">Commission\u201d) started an investigation </span><span class=\"S3695 SC8 S2\" id=\"t6_192\">into suspected anti-competitive </span><span class=\"S45B2 SC8 S2\" id=\"t7_192\">practices in the salmon market. Ler\u00f8y </span><span class=\"S45B3 SC8 S2\" id=\"t8_192\">Seafood Group ASA is one of the </span><span class=\"S219F SC8 S2\" id=\"t9_192\">companies named in the case. It is </span><span class=\"S45B4 SC8 S2\" id=\"ta_192\">unclear precisely what form the EU </span><span class=\"S45B5 SC8 S2\" id=\"tb_192\">Commission believes any collusion </span><span class=\"S1BA7 SC8 S2\" id=\"tc_192\">may have taken, when it may have </span><span class=\"S1E68 SC8 S2\" id=\"td_192\">occurred and what negative </span><span class=\"S45B6 SC8 S2\" id=\"te_192\">consequences it may have had. Ler\u00f8y </span><span class=\"S45B7 SC8 S2\" id=\"tf_192\">Seafood Group ASA is providing the </span><span class=\"S3B18 SC8 S2\" id=\"tg_192\">authorities with every assistance in </span><span class=\"S45B8 SC8 S2\" id=\"th_192\">the case.Procedures in this type of </span><span class=\"S4386 SC8 S2\" id=\"ti_192\">case normally continue for several </span><span class=\"S45B9 SC8 S2\" id=\"tj_192\">years, and it is as yet too early to say </span><span class=\"S3096 SC8 S2\" id=\"tk_192\">whether the case may lead to </span><span class=\"S45BA SC8 S2\" id=\"tl_192\">sanctions or other negative </span><span class=\"S1E93 SC8 S2\" id=\"tm_192\">consequences for the companies </span><span class=\"S45BB SC8 S2\" id=\"tn_192\">involved. As regards the investigation </span><span class=\"S1E95 SC8 S2\" id=\"to_192\">opened by the US Department of </span><span class=\"S4369 SC8 S2\" id=\"tp_192\">Justice (DOJ) into the Norwegian </span><span class=\"S36A8 SC8 S2\" id=\"tq_192\">salmon industry in November 2019, </span><span class=\"S45BC SC8 S2\" id=\"tr_192\">Ler\u00f8y Seafood Group ASA was </span><span class=\"S45BD SC8 S2\" id=\"ts_192\">informed in January 2023 that the </span><span class=\"S45BE SC8 S2\" id=\"tt_192\">investigation has been closed. </span><span class=\"S45BF SC8 S2\" id=\"tu_192\">\u00a0</span><span class=\"S36AD SC8 S2\" id=\"tv_192\">In the wake of the EU Commission\u2019s </span><span class=\"S45C0 SC8 S2\" id=\"tw_192\">ongoing investigations, several </span><span class=\"S45C1 SC8 S2\" id=\"tx_192\">Norwegian-owned aquaculture </span><span class=\"S45C2 SC8 S2\" id=\"ty_192\">companies, including companies in </span><span class=\"S31AA SC8 S2\" id=\"tz_192\">the Ler\u00f8y Seafood Group, have been </span><span class=\"S1E9E SC8 S2\" id=\"t10_192\">sued by customers in the USA and </span><span class=\"S45C3 SC8 S2\" id=\"t11_192\">Canada. The Group believes these </span><span class=\"S31B6 SC8 S2\" id=\"t12_192\">claims to be groundless, but due to </span><span class=\"S2230 SC8 S2\" id=\"t13_192\">factors such as signi\ufb01cant litigation </span><span class=\"S45C4 SC8 S2\" id=\"t14_192\">costs in the USA and commercial </span><span class=\"S2232 SC8 S2\" id=\"t15_192\">reasons, the Group chose to settle </span><span class=\"S30B5 SC8 S2\" id=\"t16_192\">the two US class actions in 2022. The </span><span class=\"S45C5 SC8 S2\" id=\"t17_192\">settlements in no way represent any </span><span class=\"S45C6 SC8 S2\" id=\"t18_192\">admission of liability or wrongdoing. </span><span class=\"S45C7 SC8 S2\" id=\"t19_192\">Ler\u00f8y Seafood Group has expensed </span><span class=\"S45C8 SC8 S2\" id=\"t1a_192\">NOK 209 million as litigation costs in </span><span class=\"S45C9 SC8 S2\" id=\"t1b_192\">2022. This amount includes fees to </span><span class=\"S45CA SC8 S2\" id=\"t1c_192\">lawyers. Most of the amount has </span><span class=\"S45CB SC8 S2\" id=\"t1d_192\">been settled and paid as of </span><span class=\"S1CF3 SC8 S2\" id=\"t1e_192\">31 December 2022. Reference is also </span><span class=\"S3B6E SC8 S2\" id=\"t1f_192\">made to stock exchange notice </span><span class=\"S36BD SC8 S2\" id=\"t1g_192\">made on 25 May 2022 and the </span><span class=\"S45CC SC8 S2\" id=\"t1h_192\">quarterly report for the second </span><span class=\"S45CD SC8 S2\" id=\"t1i_192\">quarter of 2022. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9343": {
   "value": "Norway",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9344": {
   "value": "Norway",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9345": {
   "value": "Norway",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9354": {
   "value": "Austevoll Seafood ASA",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9357": {
   "value": "Laco AS",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9359": {
   "value": "<span class=\"S1BB9 SC8 S2\" id=\"tu_114\">The \ufb01nancial statements were </span><span class=\"S1BBA SC8 S2\" id=\"tv_114\">submitted by the Board of Directors </span><span class=\"S1BBB SC8 S2\" id=\"tw_114\">on 28 April 2023. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9363": {
   "value": "<span class=\"S1BBC SC7 S2\" id=\"tx_114\">(A) Declaration con\ufb01rming that the </span><span class=\"S1BBD SC7 S2\" id=\"ty_114\">\ufb01nancial statements have been </span><span class=\"S1BBE SC7 S2\" id=\"tz_114\">drawn up in accordance with IFRS </span><span class=\"S1BBF SC8 S2\" id=\"t10_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BC0 SC8 S2\" id=\"t11_114\">are submitted in accordance with </span><span class=\"S1BC1 SC8 S2\" id=\"t12_114\">international standards for \ufb01nancial </span><span class=\"S1BC2 SC8 S2\" id=\"t13_114\">reporting (IFRS) and interpretations </span><span class=\"S1BC3 SC8 S2\" id=\"t14_114\">established by the International </span><span class=\"S1BC4 SC8 S2\" id=\"t15_114\">Accounting Standards Board (IASB) </span><span class=\"S1BC5 SC8 S2\" id=\"t16_114\">and adopted by the EU. </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9374": {
   "value": "<span class=\"S1BC6 SC7 S2\" id=\"t17_114\">(B) Basis for preparing the \ufb01nancial </span><span class=\"S1BC7 SC7 S2\" id=\"t18_114\">statements </span><span class=\"S1BC8 SC8 S2\" id=\"t19_114\">The \ufb01nancial statements are presented </span><span class=\"S1BC9 SC8 S2\" id=\"t1a_114\">in NOK and \ufb01gures are rounded off to </span><span class=\"S1BCA SC8 S2\" id=\"t1b_114\">the nearest thousand. They are </span><span class=\"S1BCB SC8 S2\" id=\"t1c_114\">prepared on the basis of the historical </span><span class=\"S1BCC SC8 S2\" id=\"t1d_114\">cost principle, with the exception of </span><span class=\"S1BCD SC8 S2\" id=\"t1e_114\">the following assets and liabilities </span><span class=\"S1BCE SC8 S2\" id=\"t1f_114\">which are carried in the balance </span><span class=\"S1BCF SC8 S2\" id=\"t1g_114\">sheet at fair value: Biological assets </span><span class=\"S1BD0 SC8 S2\" id=\"t1h_114\">and \ufb01nancial derivatives. </span><span class=\"S1BD1 SC8 S2\" id=\"t1i_114\">Preparation of \ufb01nancial statements in </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_114\">accordance with IFRS demands that </span><span class=\"S1BD3 SC8 S2\" id=\"t1k_114\">the administration makes assessments, </span><span class=\"S1BD4 SC8 S2\" id=\"t1l_114\">estimates and assumptions that </span><span class=\"S1BD5 SC8 S2\" id=\"t1m_114\">in\ufb02uence the application of accounting </span><span class=\"S1BD6 SC8 S2\" id=\"t1n_114\">policies and the book values of </span><span class=\"S1BD7 SC8 S2\" id=\"t1o_114\">assets and liabilities, revenue and </span><span class=\"S1BD8 SC8 S2\" id=\"t1p_114\">costs. Estimates and their associated </span><span class=\"S1BD9 SC8 S2\" id=\"t1q_114\">assumptions are based on historical </span><span class=\"S1BDA SC8 S2\" id=\"t1r_114\">experience and other factors seen as </span><span class=\"S1BDB SC8 S2\" id=\"t1s_114\">reasonable under the circumstances. </span><span class=\"S1BDC SC8 S2\" id=\"t1t_114\">These calculations form the basis for </span><span class=\"S1BDD SC8 S2\" id=\"t1u_114\">measurement of carrying amounts </span><span class=\"S1BDE SC8 S2\" id=\"t1v_114\">for assets and liabilities that are not </span><span class=\"S1BDF SC8 S2\" id=\"t1w_114\">readily available from other sources. </span><span class=\"S1BE0 SC8 S2\" id=\"t1x_114\">The actual result may deviate from </span><span class=\"S1BE1 SC8 S2\" id=\"t1y_114\">these estimates. </span><span class=\"S1BE2 SC8 S2\" id=\"t1z_114\">Estimates and underlying </span><span class=\"S1BE3 SC8 S2\" id=\"t20_114\">assumptions are under constant </span><span class=\"S1BE4 SC8 S2\" id=\"t21_114\">review. Changes in the accounting- </span><span class=\"S1BE5 SC8 S2\" id=\"t22_114\">related estimates are recognised in the </span><span class=\"S1BE6 SC8 S2\" id=\"t23_114\">periods in which they occur, provided </span><span class=\"S1BE7 SC8 S2\" id=\"t24_114\">they apply only to that period. If </span><span class=\"S1BE8 SC8 S2\" id=\"t25_114\">changes also apply to future periods, </span><span class=\"S1BE9 SC8 S2\" id=\"t26_114\">the effect is distributed over current </span><span class=\"S1BEA SC8 S2\" id=\"t27_114\">and future periods. </span><span class=\"S1BEB SC8 S2\" id=\"t28_114\">Assessments that are made by the </span><span class=\"S1BEC SC8 S2\" id=\"t29_114\">administration when applying the IFRS </span><span class=\"S1BED SC8 S2\" id=\"t2a_114\">standards and that have a signi\ufb01cant </span><span class=\"S1BEE SC8 S2\" id=\"t2b_114\">effect on the \ufb01nancial statements </span><span class=\"S1BEF SC8 S2\" id=\"t2c_114\">and estimates with a considerable </span><span class=\"S1BF0 SC8 S2\" id=\"t2d_114\">risk of signi\ufb01cant adjustments in the </span><span class=\"S1BF1 SC8 S2\" id=\"t2e_114\">next \ufb01nancial year, are described in </span><span class=\"S1BF2 SC8 S2\" id=\"t2f_114\">note about signi\ufb01cant accounting </span><span class=\"S1BF3 SC8 S2\" id=\"t2g_114\">estimates and assessments. </span><span class=\"S1BF4 SC8 S2\" id=\"t2h_114\">The accounting policies discussed </span><span class=\"S1BF5 SC8 S2\" id=\"t2i_114\">below have been consistently applied </span><span class=\"S1BF6 SC8 S2\" id=\"t2j_114\">for all periods presented in the </span><span class=\"S1BF7 SC8 S2\" id=\"t2k_114\">consolidated \ufb01nancial statements. </span><span class=\"S1BF8 SC8 S2\" id=\"t2l_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BF9 SC8 S2\" id=\"t2m_114\">are drawn up in accordance with </span><span class=\"S1BFA SC8 S2\" id=\"t2n_114\">IFRS, while the \ufb01nancial statements </span><span class=\"S1BFB SC8 S2\" id=\"t2o_114\">for the Norwegian subsidiaries are </span><span class=\"S1BFC SC8 S2\" id=\"t2p_114\">prepared according to Norwegian </span><span class=\"S1BFD SC8 S2\" id=\"t2q_114\">Generally Accepted Accounting </span><span class=\"S1BFE SC8 S2\" id=\"t2r_114\">Principles (NGAAP). Accounts for the </span><span class=\"S1BFF SC8 S2\" id=\"t2s_114\">foreign subsidiaries are prepared </span><span class=\"S1C00 SC8 S2\" id=\"t2t_114\">according to accepted accounting </span><span class=\"S1C01 SC8 S2\" id=\"t2u_114\">policies in the respective countries. </span><span class=\"S1C02 SC8 S2\" id=\"t2v_114\">The consolidated \ufb01nancial statements </span><span class=\"S1C03 SC8 S2\" id=\"t2w_114\">are prepared under the assumption </span><span class=\"S1C04 SC8 S2\" id=\"t2x_114\">that Ler\u00f8y Seafood Group will continue </span><span class=\"S1C05 SC8 S2\" id=\"t2y_114\">as a going concern. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9386": {
   "value": "<span class=\"S1BD1 SC8 S2\" id=\"t1i_114\">Preparation of \ufb01nancial statements in </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_114\">accordance with IFRS demands that </span><span class=\"S1BD3 SC8 S2\" id=\"t1k_114\">the administration makes assessments, </span><span class=\"S1BD4 SC8 S2\" id=\"t1l_114\">estimates and assumptions that </span><span class=\"S1BD5 SC8 S2\" id=\"t1m_114\">in\ufb02uence the application of accounting </span><span class=\"S1BD6 SC8 S2\" id=\"t1n_114\">policies and the book values of </span><span class=\"S1BD7 SC8 S2\" id=\"t1o_114\">assets and liabilities, revenue and </span><span class=\"S1BD8 SC8 S2\" id=\"t1p_114\">costs. Estimates and their associated </span><span class=\"S1BD9 SC8 S2\" id=\"t1q_114\">assumptions are based on historical </span><span class=\"S1BDA SC8 S2\" id=\"t1r_114\">experience and other factors seen as </span><span class=\"S1BDB SC8 S2\" id=\"t1s_114\">reasonable under the circumstances. </span><span class=\"S1BDC SC8 S2\" id=\"t1t_114\">These calculations form the basis for </span><span class=\"S1BDD SC8 S2\" id=\"t1u_114\">measurement of carrying amounts </span><span class=\"S1BDE SC8 S2\" id=\"t1v_114\">for assets and liabilities that are not </span><span class=\"S1BDF SC8 S2\" id=\"t1w_114\">readily available from other sources. </span><span class=\"S1BE0 SC8 S2\" id=\"t1x_114\">The actual result may deviate from </span><span class=\"S1BE1 SC8 S2\" id=\"t1y_114\">these estimates. </span><span class=\"S1BE2 SC8 S2\" id=\"t1z_114\">Estimates and underlying </span><span class=\"S1BE3 SC8 S2\" id=\"t20_114\">assumptions are under constant </span><span class=\"S1BE4 SC8 S2\" id=\"t21_114\">review. Changes in the accounting- </span><span class=\"S1BE5 SC8 S2\" id=\"t22_114\">related estimates are recognised in the </span><span class=\"S1BE6 SC8 S2\" id=\"t23_114\">periods in which they occur, provided </span><span class=\"S1BE7 SC8 S2\" id=\"t24_114\">they apply only to that period. If </span><span class=\"S1BE8 SC8 S2\" id=\"t25_114\">changes also apply to future periods, </span><span class=\"S1BE9 SC8 S2\" id=\"t26_114\">the effect is distributed over current </span><span class=\"S1BEA SC8 S2\" id=\"t27_114\">and future periods. </span><span class=\"S1BEB SC8 S2\" id=\"t28_114\">Assessments that are made by the </span><span class=\"S1BEC SC8 S2\" id=\"t29_114\">administration when applying the IFRS </span><span class=\"S1BED SC8 S2\" id=\"t2a_114\">standards and that have a signi\ufb01cant </span><span class=\"S1BEE SC8 S2\" id=\"t2b_114\">effect on the \ufb01nancial statements </span><span class=\"S1BEF SC8 S2\" id=\"t2c_114\">and estimates with a considerable </span><span class=\"S1BF0 SC8 S2\" id=\"t2d_114\">risk of signi\ufb01cant adjustments in the </span><span class=\"S1BF1 SC8 S2\" id=\"t2e_114\">next \ufb01nancial year, are described in </span><span class=\"S1BF2 SC8 S2\" id=\"t2f_114\">note about signi\ufb01cant accounting </span><span class=\"S1BF3 SC8 S2\" id=\"t2g_114\">estimates and assessments. </span><span class=\"S1BF4 SC8 S2\" id=\"t2h_114\">The accounting policies discussed </span><span class=\"S1BF5 SC8 S2\" id=\"t2i_114\">below have been consistently applied </span><span class=\"S1BF6 SC8 S2\" id=\"t2j_114\">for all periods presented in the </span><span class=\"S1BF7 SC8 S2\" id=\"t2k_114\">consolidated \ufb01nancial statements. </span><span class=\"S1BF8 SC8 S2\" id=\"t2l_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BF9 SC8 S2\" id=\"t2m_114\">are drawn up in accordance with </span><span class=\"S1BFA SC8 S2\" id=\"t2n_114\">IFRS, while the \ufb01nancial statements </span><span class=\"S1BFB SC8 S2\" id=\"t2o_114\">for the Norwegian subsidiaries are </span><span class=\"S1BFC SC8 S2\" id=\"t2p_114\">prepared according to Norwegian </span><span class=\"S1BFD SC8 S2\" id=\"t2q_114\">Generally Accepted Accounting </span><span class=\"S1BFE SC8 S2\" id=\"t2r_114\">Principles (NGAAP). Accounts for the </span><span class=\"S1BFF SC8 S2\" id=\"t2s_114\">foreign subsidiaries are prepared </span><span class=\"S1C00 SC8 S2\" id=\"t2t_114\">according to accepted accounting </span><span class=\"S1C01 SC8 S2\" id=\"t2u_114\">policies in the respective countries. </span><span class=\"S2381 S18EC S2\" id=\"t4v_128\">NOTE 3 </span><span class=\"S2298 S18EC S2\" id=\"t4w_128\">Signi\ufb01cant accounting estimates and assessments </span><span class=\"S2356 SC8 S2\" id=\"t37_128\">Estimates and assessments are </span><span class=\"S2357 SC8 S2\" id=\"t38_128\">reviewed continuously and are based </span><span class=\"S2358 SC8 S2\" id=\"t39_128\">on historical experience and other </span><span class=\"S2359 SC8 S2\" id=\"t3a_128\">factors, including expectations of </span><span class=\"S219C SC8 S2\" id=\"t3b_128\">future events that seem probable in </span><span class=\"S235A SC8 S2\" id=\"t3c_128\">view of present circumstances. </span><span class=\"S1FC2 SC8 S2\" id=\"t3d_128\">The Group draws up estimates and </span><span class=\"S235B SC8 S2\" id=\"t3e_128\">makes assumptions regarding future </span><span class=\"S235C SC8 S2\" id=\"t3f_128\">events. The accounting estimates </span><span class=\"S235D SC8 S2\" id=\"t3g_128\">from this process will, by de\ufb01nition, </span><span class=\"S235E SC8 S2\" id=\"t3h_128\">rarely be in exact agreement with </span><span class=\"S235F SC8 S2\" id=\"t3i_128\">the \ufb01nal results. Estimates and </span><span class=\"S2360 SC8 S2\" id=\"t3j_128\">assumptions with a high risk of </span><span class=\"S2361 SC8 S2\" id=\"t3k_128\">signi\ufb01cant changes in capitalised </span><span class=\"S1E6B SC8 S2\" id=\"t3l_128\">values of assets and liabilities during </span><span class=\"S1D61 SC8 S2\" id=\"t3m_128\">the next \ufb01nancial year are discussed </span><span class=\"S2362 SC8 S2\" id=\"t3n_128\">below. </span><span class=\"S2363 SC7 S2\" id=\"t3o_128\">Value adjustment of biological assets </span><span class=\"S1D64 SC8 S2\" id=\"t3p_128\">Biological assets comprise the stock </span><span class=\"S2364 SC8 S2\" id=\"t3q_128\">of roe, fry, juvenile \ufb01sh, cleaner \ufb01sh </span><span class=\"S2365 SC8 S2\" id=\"t3r_128\">and \ufb01sh in sea. Biological assets are </span><span class=\"S1FCF SC8 S2\" id=\"t3s_128\">measured at fair value less costs to </span><span class=\"S2366 SC8 S2\" id=\"t3t_128\">sell. For a more detailed description </span><span class=\"S2367 SC8 S2\" id=\"t3u_128\">of the accounting policies applied, </span><span class=\"S2368 SC8 S2\" id=\"t3v_128\">please refer to the description </span><span class=\"S2369 SC8 S2\" id=\"t3w_128\">provided under accounting policies </span><span class=\"S236A SC8 S2\" id=\"t3x_128\">and in the note on biological assets. </span><span class=\"S236B SC8 S2\" id=\"t3y_128\">Valuation is based on a number of </span><span class=\"S236C SC8 S2\" id=\"t3z_128\">different premises, many of which </span><span class=\"S236D SC8 S2\" id=\"t40_128\">are non-observable. The premises </span><span class=\"S236E SC8 S2\" id=\"t41_128\">can be categorised in four different </span><span class=\"S1D72 SC8 S2\" id=\"t42_128\">groups: (1) Price, (2) Cost, (3) Volume </span><span class=\"S236F SC8 S2\" id=\"t43_128\">and (4) Discount rate. Figures for the </span><span class=\"S2370 SC8 S2\" id=\"t44_128\">important premises are specifed in </span><span class=\"S2371 SC8 S2\" id=\"t45_128\">the note on biological assets. </span><span class=\"S1D77 SC8 S2\" id=\"t46_128\">For \ufb01sh ready for harvest on the </span><span class=\"S2372 SC8 S2\" id=\"t47_128\">balance sheet date, uncertainty </span><span class=\"S2373 SC8 S2\" id=\"t48_128\">mainly involves realised prices and </span><span class=\"S2374 SC8 S2\" id=\"t49_128\">volume. For \ufb01sh not ready for harvest, </span><span class=\"S2375 SC8 S2\" id=\"t4a_128\">the level of uncertainty is higher. In </span><span class=\"S2376 SC8 S2\" id=\"t4b_128\">addition to uncertainty related to </span><span class=\"S2377 SC8 S2\" id=\"t4c_128\">price and volume, there will also be </span><span class=\"S2378 SC8 S2\" id=\"t4d_128\">uncertainty related to remaining </span><span class=\"S2379 SC8 S2\" id=\"t4e_128\">production costs, remaining biological </span><span class=\"S1E87 SC8 S2\" id=\"t4f_128\">transformation and remaining </span><span class=\"S237A SC8 S2\" id=\"t4g_128\">mortality up to harvest date for </span><span class=\"S237B SC8 S2\" id=\"t4h_128\">this \ufb01sh. </span><span class=\"S237C S1C40 S2\" id=\"t4i_128\">(1) Price </span><span class=\"S237D SC8 S2\" id=\"t4j_128\">One important premise in the valuation </span><span class=\"S1FEA SC8 S2\" id=\"t4k_128\">of \ufb01sh both ready for harvest and not </span><span class=\"S237E SC8 S2\" id=\"t4l_128\">yet ready for harvest is the projected </span><span class=\"S237F SC8 S2\" id=\"t4m_128\">market price. This is also the premise </span><span class=\"S2380 SC8 S2\" id=\"t4n_128\">that historically shows the highest </span><span class=\"S2325 SC8 S2\" id=\"t1m_128\">\ufb02uctuations. In order to estimate the </span><span class=\"S2326 SC8 S2\" id=\"t1n_128\">projected price, the forward prices </span><span class=\"S2327 SC8 S2\" id=\"t1o_128\">for superior Norwegian salmon </span><span class=\"S2328 SC8 S2\" id=\"t1p_128\">weighing 3-6 kg gutted weight from </span><span class=\"S2329 SC8 S2\" id=\"t1q_128\">Fish Pool are applied. In the Group\u2019s </span><span class=\"S232A SC8 S2\" id=\"t1r_128\">opinion, the use of observable prices </span><span class=\"S232B SC8 S2\" id=\"t1s_128\">makes price estimates more reliable </span><span class=\"S232C SC8 S2\" id=\"t1t_128\">and comparable. For \ufb01sh ready for </span><span class=\"S232D SC8 S2\" id=\"t1u_128\">harvest, the forward price for the </span><span class=\"S232E SC8 S2\" id=\"t1v_128\">following month is applied. For \ufb01sh </span><span class=\"S232F SC8 S2\" id=\"t1w_128\">not ready for harvest, the forward </span><span class=\"S2330 SC8 S2\" id=\"t1x_128\">price for the month when the \ufb01sh is </span><span class=\"S2331 SC8 S2\" id=\"t1y_128\">expected to achieve optimal weight </span><span class=\"S2332 SC8 S2\" id=\"t1z_128\">for harvest, is applied. If it is probable </span><span class=\"S2333 SC8 S2\" id=\"t20_128\">on the balance sheet date that the \ufb01sh </span><span class=\"S2334 SC8 S2\" id=\"t21_128\">will be harvested before it reaches its </span><span class=\"S2335 SC8 S2\" id=\"t22_128\">optimal harvest weight, for example </span><span class=\"S2336 SC8 S2\" id=\"t23_128\">due to biological challenges, an extra </span><span class=\"S2337 SC8 S2\" id=\"t24_128\">price adjustment is required. Such a </span><span class=\"S2338 SC8 S2\" id=\"t25_128\">price adjustment takes into account </span><span class=\"S2339 SC8 S2\" id=\"t26_128\">the fact that the market price per kilo </span><span class=\"S233A SC8 S2\" id=\"t27_128\">for small \ufb01sh is lower than for normal- </span><span class=\"S1F9B SC8 S2\" id=\"t28_128\">size \ufb01sh. The price is subsequently </span><span class=\"S233B SC8 S2\" id=\"t29_128\">adjusted for exporter margins and </span><span class=\"S233C SC8 S2\" id=\"t2a_128\">clearing costs. This applies to \ufb01sh both </span><span class=\"S233D SC8 S2\" id=\"t2b_128\">ready for harvest and not ready for </span><span class=\"S233E SC8 S2\" id=\"t2c_128\">harvest. Further adjustments are </span><span class=\"S233F SC8 S2\" id=\"t2d_128\">necessary for harvest costs (well boat, </span><span class=\"S2340 SC8 S2\" id=\"t2e_128\">slaughtering and packaging services), </span><span class=\"S1EA8 SC8 S2\" id=\"t2f_128\">transport costs to Oslo and quality </span><span class=\"S2341 SC8 S2\" id=\"t2g_128\">diffeences. Adjustments are also made </span><span class=\"S2342 SC8 S2\" id=\"t2h_128\">for price differences between salmon </span><span class=\"S2343 SC8 S2\" id=\"t2i_128\">and trout, and any other price premium </span><span class=\"S2344 SC8 S2\" id=\"t2j_128\">such as for Ecological produced </span><span class=\"S2345 SC8 S2\" id=\"t2k_128\">salmon or ASC-certi\ufb01ed \ufb01sh. The </span><span class=\"S1D3D SC8 S2\" id=\"t2l_128\">adjustments for exporter margin and </span><span class=\"S2346 SC8 S2\" id=\"t2m_128\">clearing costs are items estimated by </span><span class=\"S2347 SC8 S2\" id=\"t2n_128\">Fish Pool. The adjustment for harvest </span><span class=\"S2348 SC8 S2\" id=\"t2o_128\">costs, transport costs and quality </span><span class=\"S2349 SC8 S2\" id=\"t2p_128\">differences is based on the Group\u2019s </span><span class=\"S234A SC8 S2\" id=\"t2q_128\">historical costs per region and </span><span class=\"S1BF7 SC8 S2\" id=\"t2r_128\">historical quality distribution, while </span><span class=\"S1EB4 SC8 S2\" id=\"t2s_128\">the other adjustments are based on </span><span class=\"S234B SC8 S2\" id=\"t2t_128\">an assessment using historical data </span><span class=\"S234C SC8 S2\" id=\"t2u_128\">and the Group\u2019s view of future market </span><span class=\"S234D SC8 S2\" id=\"t2v_128\">developments. </span><span class=\"S234E S1C40 S2\" id=\"t2w_128\">(2) Cost </span><span class=\"S234F SC8 S2\" id=\"t2x_128\">For \ufb01sh not ready for harvest, an </span><span class=\"S2350 SC8 S2\" id=\"t2y_128\">adjustment is also required for the </span><span class=\"S1FB5 SC8 S2\" id=\"t2z_128\">costs necessary to grow the \ufb01sh to </span><span class=\"S20D6 SC8 S2\" id=\"t30_128\">optimal harvest weight. Estimates </span><span class=\"S2351 SC8 S2\" id=\"t31_128\">related to future costs are based on </span><span class=\"S2352 SC8 S2\" id=\"t32_128\">the Group\u2019s prognoses per locality. </span><span class=\"S2353 SC8 S2\" id=\"t33_128\">There is some uncertainty regarding </span><span class=\"S2354 SC8 S2\" id=\"t34_128\">both future feed prices, other costs </span><span class=\"S2355 SC8 S2\" id=\"t35_128\">and biological development (growth, </span><span class=\"S1C05 SC8 S2\" id=\"t36_128\">feed factor and mortality). If the </span><span class=\"S2081 SC8 S2\" id=\"t1_128\">estimated costs are higher than </span><span class=\"S1CE8 SC8 S2\" id=\"t2_128\">expected by a normal enterprise on </span><span class=\"S22FB SC8 S2\" id=\"t3_128\">the market, for example due to long- </span><span class=\"S22FC SC8 S2\" id=\"t4_128\">term agreements previously signed </span><span class=\"S22FD SC8 S2\" id=\"t5_128\">with subcontractors resulting in costs </span><span class=\"S22FE SC8 S2\" id=\"t6_128\">that deviate substantially from the </span><span class=\"S1F60 SC8 S2\" id=\"t7_128\">market price, the cost estimates shall </span><span class=\"S22FF SC8 S2\" id=\"t8_128\">be adjusted to re\ufb02ect the costs </span><span class=\"S2300 SC8 S2\" id=\"t9_128\">expected by a rational enterprise on </span><span class=\"S2301 SC8 S2\" id=\"ta_128\">the market. </span><span class=\"S2302 S1C40 S2\" id=\"tb_128\">(3) Volume </span><span class=\"S2303 SC8 S2\" id=\"tc_128\">Projected harvest volume is </span><span class=\"S2304 SC8 S2\" id=\"td_128\">calculated on the basis of the </span><span class=\"S2305 SC8 S2\" id=\"te_128\">estimated number of \ufb01sh (individuals) </span><span class=\"S1E3C SC8 S2\" id=\"tf_128\">on the balance sheet date minus </span><span class=\"S2306 SC8 S2\" id=\"tg_128\">estimated future mortality, multiplied </span><span class=\"S1CF6 SC8 S2\" id=\"th_128\">by the estimated harvest weight. </span><span class=\"S2307 SC8 S2\" id=\"ti_128\">There is some uncertainty involving </span><span class=\"S208F SC8 S2\" id=\"tj_128\">both the number of \ufb01sh in the sea on </span><span class=\"S1E41 SC8 S2\" id=\"tk_128\">the balance sheet date, remaining </span><span class=\"S2308 SC8 S2\" id=\"tl_128\">mortality and estimated harvest </span><span class=\"S2309 SC8 S2\" id=\"tm_128\">weight. The actual harvest volume </span><span class=\"S230A SC8 S2\" id=\"tn_128\">may therefore differ from the estimated </span><span class=\"S1C1C SC8 S2\" id=\"to_128\">harvest volume either as a result of </span><span class=\"S230B SC8 S2\" id=\"tp_128\">changes in biological developments </span><span class=\"S1CFD SC8 S2\" id=\"tq_128\">or due to special events, such as </span><span class=\"S230C SC8 S2\" id=\"tr_128\">abnormal mortality. The estimate for </span><span class=\"S230D SC8 S2\" id=\"ts_128\">number of \ufb01sh on the balance sheet </span><span class=\"S230E SC8 S2\" id=\"tt_128\">date is based on the number of smolt </span><span class=\"S230F SC8 S2\" id=\"tu_128\">released to sea. The number of smolt </span><span class=\"S2310 SC8 S2\" id=\"tv_128\">is adjusted to take into account </span><span class=\"S2311 SC8 S2\" id=\"tw_128\">uncertainties during counting and </span><span class=\"S2312 SC8 S2\" id=\"tx_128\">actual registered mortality related to </span><span class=\"S2313 SC8 S2\" id=\"ty_128\">release. </span><span class=\"S2314 SC8 S2\" id=\"tz_128\">The normal estimated harvest </span><span class=\"S209D SC8 S2\" id=\"t10_128\">weight (optimal harvest weight) is </span><span class=\"S2315 SC8 S2\" id=\"t11_128\">assessed to be the live weight of \ufb01sh </span><span class=\"S2316 SC8 S2\" id=\"t12_128\">that results in a gutted weight of 4 kg, </span><span class=\"S2317 SC8 S2\" id=\"t13_128\">unless speci\ufb01c conditions exist on the </span><span class=\"S2318 SC8 S2\" id=\"t14_128\">balance sheet date to indicate that </span><span class=\"S20A2 SC8 S2\" id=\"t15_128\">the \ufb01sh have to be harvested before </span><span class=\"S1E50 SC8 S2\" id=\"t16_128\">they reach this weight. If this is the </span><span class=\"S2319 SC8 S2\" id=\"t17_128\">case, the estimated harvest weight is </span><span class=\"S231A SC8 S2\" id=\"t18_128\">adjusted. Projected mortality during </span><span class=\"S231B SC8 S2\" id=\"t19_128\">the period from the balance sheet </span><span class=\"S231C SC8 S2\" id=\"t1a_128\">date to the date when the \ufb01sh reach </span><span class=\"S1D0E SC8 S2\" id=\"t1b_128\">harvest weight is estimated to be </span><span class=\"S231D SC8 S2\" id=\"t1c_128\">0.5% to 2.5% of the number of incoming </span><span class=\"S231E SC8 S2\" id=\"t1d_128\">\ufb01sh per month, depending on species </span><span class=\"S231F SC8 S2\" id=\"t1e_128\">and region. For recalculation factor </span><span class=\"S2320 SC8 S2\" id=\"t1f_128\">from gutted weight to live weight, </span><span class=\"S2321 SC8 S2\" id=\"t1g_128\">see note on biological assets. </span><span class=\"S2322 S21BB S2\" id=\"t1h_128\">(4) Discounting </span><span class=\"S2323 SC8 S2\" id=\"t1i_128\">Every time a \ufb01sh is harvested and </span><span class=\"S1D16 SC8 S2\" id=\"t1j_128\">sold, this generates a positive cash </span><span class=\"S1E5D SC8 S2\" id=\"t1k_128\">\ufb02ow. In order to simplify matters, all </span><span class=\"S2324 SC8 S2\" id=\"t1l_128\">the remaining expenses are allocated </span><span class=\"S23D7 SC8 S2\" id=\"t32_129\">to the same period as the income, so </span><span class=\"S23D8 SC8 S2\" id=\"t33_129\">there is only one cash \ufb02ow per locality. </span><span class=\"S23D9 SC8 S2\" id=\"t34_129\">The cash \ufb02ow is allocated to the month </span><span class=\"S23DA SC8 S2\" id=\"t35_129\">when harvest is estimated to take </span><span class=\"S23DB SC8 S2\" id=\"t36_129\">place. The sum of the cash \ufb02ows from </span><span class=\"S1DFD SC8 S2\" id=\"t37_129\">all the localities where the Group has </span><span class=\"S1DFE SC8 S2\" id=\"t38_129\">\ufb01sh in the sea will then be distributed </span><span class=\"S23DC SC8 S2\" id=\"t39_129\">over the entire period of time it takes </span><span class=\"S23DD SC8 S2\" id=\"t3a_129\">to farm the \ufb01sh in the sea on the </span><span class=\"S23DE SC8 S2\" id=\"t3b_129\">balance sheet date. With the current </span><span class=\"S23DF SC8 S2\" id=\"t3c_129\">size of the smolt released and the </span><span class=\"S23E0 SC8 S2\" id=\"t3d_129\">frequency of the smolt releases, this </span><span class=\"S23E1 SC8 S2\" id=\"t3e_129\">period of time may be up to 18 months. </span><span class=\"S23E2 SC8 S2\" id=\"t3f_129\">The estimated future cash \ufb02ow is </span><span class=\"S205D SC8 S2\" id=\"t3g_129\">discounted monthly. The level of </span><span class=\"S23E3 SC8 S2\" id=\"t3h_129\">discount rate applied has a major </span><span class=\"S23E4 SC8 S2\" id=\"t3i_129\">impact on the estimate of fair value. </span><span class=\"S23E5 SC8 S2\" id=\"t3j_129\">The discount rate shall take into </span><span class=\"S23E6 SC8 S2\" id=\"t3k_129\">account a number of factors. The </span><span class=\"S23E7 SC8 S2\" id=\"t3l_129\">discount factor comprises three main </span><span class=\"S23E8 SC8 S2\" id=\"t3m_129\">elements: (1) Risk adjustment, (2) </span><span class=\"S23E9 SC8 S2\" id=\"t3n_129\">License lease and (3) Time value. </span><span class=\"S23EA S2197 S2\" id=\"t3o_129\">4.1. Risk adjustment </span><span class=\"S23EB SC8 S2\" id=\"t3p_129\">The risk adjustment shall re\ufb02ect the </span><span class=\"S23EC SC8 S2\" id=\"t3q_129\">price discount a hypothetical buyer </span><span class=\"S23ED SC8 S2\" id=\"t3r_129\">would demand as compensation for </span><span class=\"S23EE SC8 S2\" id=\"t3s_129\">the risk assumed by investing in live </span><span class=\"S23EF SC8 S2\" id=\"t3t_129\">\ufb01sh rather than a different investment. </span><span class=\"S1E13 SC8 S2\" id=\"t3u_129\">The longer it takes to reach harvest </span><span class=\"S1C5C SC8 S2\" id=\"t3v_129\">date, the higher the risk that </span><span class=\"S1EDD SC8 S2\" id=\"t3w_129\">something may occur to affect cash </span><span class=\"S1C5E SC8 S2\" id=\"t3x_129\">\ufb02ow. Three signi\ufb01cant factors could </span><span class=\"S23F0 SC8 S2\" id=\"t3y_129\">have an impact on cash \ufb02ow. Volume </span><span class=\"S23F1 SC8 S2\" id=\"t3z_129\">could change, costs could change and </span><span class=\"S23F2 SC8 S2\" id=\"t40_129\">prices could change. The one thing all </span><span class=\"S23F3 SC8 S2\" id=\"t41_129\">three factors have in common is that </span><span class=\"S23F4 SC8 S2\" id=\"t42_129\">the sample space is unsymmetrical. </span><span class=\"S23F5 S2197 S2\" id=\"t43_129\">4.2. Hypothetical license lease </span><span class=\"S23F6 SC8 S2\" id=\"t44_129\">Salmon and trout farming is not a </span><span class=\"S23F7 SC8 S2\" id=\"t45_129\">market with free competition and no </span><span class=\"S23F8 SC8 S2\" id=\"t46_129\">barriers to entry. Due to limited </span><span class=\"S23F9 SC8 S2\" id=\"t47_129\">access to licenses for farming \ufb01sh for </span><span class=\"S23FA SC8 S2\" id=\"t48_129\">consumers, such licenses currently have </span><span class=\"S1EE7 SC8 S2\" id=\"t49_129\">a very high value. For a hypothetical </span><span class=\"S23FB SC8 S2\" id=\"t4a_129\">buyer of live \ufb01sh to take over and </span><span class=\"S23FC SC8 S2\" id=\"t4b_129\">continue to farm the \ufb01sh, he/she would </span><span class=\"S2191 SC8 S2\" id=\"t4c_129\">need a license, locality and other </span><span class=\"S23FD SC8 S2\" id=\"t4d_129\">permits required for such production. </span><span class=\"S23FE SC8 S2\" id=\"t4e_129\">At the time of writing, leasing of </span><span class=\"S23FF SC8 S2\" id=\"t4f_129\">licenses is not permitted. However, </span><span class=\"S2400 SC8 S2\" id=\"t4g_129\">on a hypothetical market for the </span><span class=\"S207D SC8 S2\" id=\"t4h_129\">purchase and sale of live \ufb01sh, it has </span><span class=\"S2401 SC8 S2\" id=\"t4i_129\">to be assumed that this would be </span><span class=\"S2402 SC8 S2\" id=\"t4j_129\">possible. In such a scenario, a </span><span class=\"S2403 SC8 S2\" id=\"t4k_129\">hypothetical buyer would claim a </span><span class=\"S2404 SC8 S2\" id=\"t4l_129\">signi\ufb01cant discount in order to </span><span class=\"S23AC SC8 S2\" id=\"t1j_129\">allocate a suf\ufb01cient share of the </span><span class=\"S23AD SC8 S2\" id=\"t1k_129\">returns to the buyer\u2019s own licenses or </span><span class=\"S23AE SC8 S2\" id=\"t1l_129\">to cover the lease costs for leased </span><span class=\"S23AF SC8 S2\" id=\"t1m_129\">licenses. It is dif\ufb01cult to create a model </span><span class=\"S23B0 SC8 S2\" id=\"t1n_129\">that would allow a hypothetical </span><span class=\"S2024 SC8 S2\" id=\"t1o_129\">annual lease cost to be derived from </span><span class=\"S23B1 SC8 S2\" id=\"t1p_129\">prices for sold licenses, as the curve </span><span class=\"S23B2 SC8 S2\" id=\"t1q_129\">in the model would be based on </span><span class=\"S23B3 SC8 S2\" id=\"t1r_129\">projections of future pro\ufb01t </span><span class=\"S23B4 SC8 S2\" id=\"t1s_129\">performance in the industry. </span><span class=\"S23B5 SC8 S2\" id=\"t1t_129\">Moreover, it is a complex process to </span><span class=\"S1C83 SC8 S2\" id=\"t1u_129\">derive a lease price per shorter unit </span><span class=\"S23B6 SC8 S2\" id=\"t1v_129\">of time and, in the last instance, per </span><span class=\"S23B7 SC8 S2\" id=\"t1w_129\">volume, when the license limitations </span><span class=\"S23B8 SC8 S2\" id=\"t1x_129\">are measured at different levels </span><span class=\"S202C SC8 S2\" id=\"t1y_129\">(location, region and company). </span><span class=\"S23B9 S2197 S2\" id=\"t1z_129\">4.3 Time value </span><span class=\"S23BA SC8 S2\" id=\"t20_129\">Finally, a discount must be made for </span><span class=\"S23BB SC8 S2\" id=\"t21_129\">the time value of the tied-up capital </span><span class=\"S23BC SC8 S2\" id=\"t22_129\">linked to the share of the present value </span><span class=\"S23BD SC8 S2\" id=\"t23_129\">of the cash \ufb02ow allocated to the </span><span class=\"S23BE SC8 S2\" id=\"t24_129\">biomass. It has to be assumed that a </span><span class=\"S1DD9 SC8 S2\" id=\"t25_129\">hypothetical buyer would claim </span><span class=\"S23BF SC8 S2\" id=\"t26_129\">compensation for the alternative cost </span><span class=\"S23C0 SC8 S2\" id=\"t27_129\">of investing funds in live \ufb01sh rather </span><span class=\"S23C1 SC8 S2\" id=\"t28_129\">than some other type of investment. </span><span class=\"S23C2 SC8 S2\" id=\"t29_129\">The production cycle for salmon in the </span><span class=\"S23C3 SC8 S2\" id=\"t2a_129\">sea currently takes up to 18 months. </span><span class=\"S203A SC8 S2\" id=\"t2b_129\">The cash \ufb02ow will therefore extend </span><span class=\"S1C95 SC8 S2\" id=\"t2c_129\">over a similar period. Assuming a </span><span class=\"S23C4 SC8 S2\" id=\"t2d_129\">constant sales price throughout the </span><span class=\"S23C5 SC8 S2\" id=\"t2e_129\">period, the cash \ufb02ow would decrease </span><span class=\"S1C98 SC8 S2\" id=\"t2f_129\">for each month, as costs are incurred </span><span class=\"S23C6 SC8 S2\" id=\"t2g_129\">to farm the \ufb01sh to slaughter weight. </span><span class=\"S23C7 SC8 S2\" id=\"t2h_129\">The costs increase for every month </span><span class=\"S23C8 SC8 S2\" id=\"t2i_129\">the \ufb01sh are in the sea. As such, the </span><span class=\"S2156 SC8 S2\" id=\"t2j_129\">effect of deferred cash \ufb02ow is lower </span><span class=\"S23C9 SC8 S2\" id=\"t2k_129\">than would be the case if the cash \ufb02ow </span><span class=\"S23CA SC8 S2\" id=\"t2l_129\">had been constant. This component </span><span class=\"S23CB SC8 S2\" id=\"t2m_129\">is however deemed important due to </span><span class=\"S2044 SC8 S2\" id=\"t2n_129\">the major values the stock of \ufb01sh </span><span class=\"S23CC SC8 S2\" id=\"t2o_129\">represents. </span><span class=\"S23CD S2197 S2\" id=\"t2p_129\">4.4. Evaluation of discount rate </span><span class=\"S23CE SC8 S2\" id=\"t2q_129\">At year end 2022 a 4% monthly </span><span class=\"S23CF SC8 S2\" id=\"t2r_129\">discount rate has been applied. The </span><span class=\"S23D0 SC8 S2\" id=\"t2s_129\">discount rate previous year was also </span><span class=\"S23D1 SC8 S2\" id=\"t2t_129\">4%. In the sensitivity analysis below, it </span><span class=\"S23D2 SC8 S2\" id=\"t2u_129\">is demonstrated how a change in </span><span class=\"S204A SC8 S2\" id=\"t2v_129\">discount rate would impact the value </span><span class=\"S1F1B SC8 S2\" id=\"t2w_129\">on \ufb01sh in sea. The change is a result </span><span class=\"S23D3 SC8 S2\" id=\"t2x_129\">from a periodic review. </span><span class=\"S23D4 SC8 S2\" id=\"t2y_129\">As mentioned above, the hypothetical </span><span class=\"S23D5 SC8 S2\" id=\"t2z_129\">license lease is one of the main </span><span class=\"S1CAE SC8 S2\" id=\"t30_129\">elements when setting the discount </span><span class=\"S23D6 SC8 S2\" id=\"t31_129\">rate. In the hypothetical license lease </span><span class=\"S1F22 SC8 S2\" id=\"t1_129\">price the future expected margin is an </span><span class=\"S2382 SC8 S2\" id=\"t2_129\">important parameter. The margin is </span><span class=\"S2383 SC8 S2\" id=\"t3_129\">calculated as the difference between </span><span class=\"S2384 SC8 S2\" id=\"t4_129\">price and cost in future periods. Thus, </span><span class=\"S2385 SC8 S2\" id=\"t5_129\">the forward price on salmon together </span><span class=\"S22A8 SC8 S2\" id=\"t6_129\">with expectations regarding future </span><span class=\"S2386 SC8 S2\" id=\"t7_129\">cost level have a signi\ufb01cant impact </span><span class=\"S2387 SC8 S2\" id=\"t8_129\">on the future expected margin. The </span><span class=\"S2388 SC8 S2\" id=\"t9_129\">higher the expectations to the future </span><span class=\"S2389 SC8 S2\" id=\"ta_129\">margins are, the higher a hypothetical </span><span class=\"S238A SC8 S2\" id=\"tb_129\">license lease price will be. This is </span><span class=\"S238B SC8 S2\" id=\"tc_129\">explained with the fact that higher </span><span class=\"S238C SC8 S2\" id=\"td_129\">margins will increase the fair value </span><span class=\"S238D SC8 S2\" id=\"te_129\">on the licenses. If the expectations to </span><span class=\"S238E SC8 S2\" id=\"tf_129\">the margins drops, this will over time </span><span class=\"S238F SC8 S2\" id=\"tg_129\">lead to lower hypothetical lease rent, </span><span class=\"S2390 SC8 S2\" id=\"th_129\">and fair value on the licenses. </span><span class=\"S2391 SC8 S2\" id=\"ti_129\">How the change in the expectations </span><span class=\"S21F0 SC8 S2\" id=\"tj_129\">regarding future margins occurs, has </span><span class=\"S2392 SC8 S2\" id=\"tk_129\">also signi\ufb01cance. </span><span class=\"S2393 SC8 S2\" id=\"tl_129\">It is assumed that an </span><span class=\"S2394 SC8 S2\" id=\"tm_129\">unexpected lower (higher) price at date </span><span class=\"S1F37 SC8 S2\" id=\"tn_129\">for measurement will not lead to a </span><span class=\"S2395 SC8 S2\" id=\"to_129\">simultaneously reduction (increase) </span><span class=\"S2396 SC8 S2\" id=\"tp_129\">in hypothetical license lease price for </span><span class=\"S211B SC8 S2\" id=\"tq_129\">\ufb01sh in sea, but instead a step by step </span><span class=\"S2397 SC8 S2\" id=\"tr_129\">reduction (increase) in future lease </span><span class=\"S2398 SC8 S2\" id=\"ts_129\">price for new smolt releases. This is </span><span class=\"S2399 SC8 S2\" id=\"tt_129\">explained with the fact that it must </span><span class=\"S239A SC8 S2\" id=\"tu_129\">be assumed that the lease price for </span><span class=\"S1CCB SC8 S2\" id=\"tv_129\">the \ufb01sh in sea is already negotiated </span><span class=\"S1F40 SC8 S2\" id=\"tw_129\">for the period until harvest. When it </span><span class=\"S239B SC8 S2\" id=\"tx_129\">comes to the production costs it is </span><span class=\"S239C SC8 S2\" id=\"ty_129\">assumed that changes in expected </span><span class=\"S239D SC8 S2\" id=\"tz_129\">future cost level will not impact the </span><span class=\"S239E SC8 S2\" id=\"t10_129\">value of the biological assets directly, </span><span class=\"S239F SC8 S2\" id=\"t11_129\">but indirectly as a consequence of </span><span class=\"S1F46 SC8 S2\" id=\"t12_129\">the fact that the future hypothetical </span><span class=\"S23A0 SC8 S2\" id=\"t13_129\">license lease price will be based on </span><span class=\"S23A1 SC8 S2\" id=\"t14_129\">expectations on future margins. </span><span class=\"S23A2 SC7 S2\" id=\"t15_129\">Sensitivity analysis on fair value of </span><span class=\"S23A3 SC7 S2\" id=\"t16_129\">\ufb01sh in sea </span><span class=\"S23A4 SC8 S2\" id=\"t17_129\">The Group considers that four </span><span class=\"S23A5 SC8 S2\" id=\"t18_129\">components are key for valuation. </span><span class=\"S1DB6 SC8 S2\" id=\"t19_129\">These are: </span><span class=\"S23A6 SC8 S2\" id=\"t1a_129\">(1) weighted average price, </span><span class=\"S23A7 SC8 S2\" id=\"t1b_129\">(2) projected optimal harvest weight, </span><span class=\"S23A8 SC8 S2\" id=\"t1c_129\">(3) monthly discount rate and </span><span class=\"S23A9 SC8 S2\" id=\"t1d_129\">(4) estimated number of \ufb01sh. </span><span class=\"S1DBB SC8 S2\" id=\"t1e_129\">The tables on the next page show a </span><span class=\"S1DBC SC8 S2\" id=\"t1f_129\">simulated sensitivity to changes in </span><span class=\"S23AA SC8 S2\" id=\"t1g_129\">fair value of the biological assets in </span><span class=\"S201D SC8 S2\" id=\"t1h_129\">the event of changes in these </span><span class=\"S23AB SC8 S2\" id=\"t1i_129\">parameters: </span><span class=\"S2405 SC8 S2\" id=\"t1_130\">weight, the table shows changes in </span><span class=\"S2406 SC8 S2\" id=\"t2_130\">fair value when there is an increase </span><span class=\"S2407 SC8 S2\" id=\"t3_130\">in projected harvest weight of 250 </span><span class=\"S2408 SC8 S2\" id=\"t4_130\">and 500 grams respectively, and for </span><span class=\"S2409 SC8 S2\" id=\"t5_130\">a corresponding reduction, without </span><span class=\"S240A SC8 S2\" id=\"t6_130\">any change in remaining cost. For </span><span class=\"S2416 S249F S2\" id=\"ti_130\">Sensitivity analysis for weighted average price and expected optimal harvest weight </span><span class=\"S2417 SC4 S2\" id=\"tj_130\">Projected optimal harvest weight per \ufb01sh in kg gwe </span><span class=\"S2418 SC4 S2\" id=\"tk_130\">3.5 </span><span class=\"S2419 SC4 S2\" id=\"tl_130\">3.8 </span><span class=\"S241A SC4 S2\" id=\"tm_130\">4.0 </span><span class=\"S241B SC4 S2\" id=\"tn_130\">4.3 </span><span class=\"S241C SC4 S2\" id=\"to_130\">4.5 </span><span class=\"S241D SC4 S2\" id=\"tp_130\">Change in projected weight per kg gwe </span><span class=\"S241E SC4 S2\" id=\"tq_130\">-0.50 </span><span class=\"S241F SC4 S2\" id=\"tr_130\">-0.25 </span><span class=\"S2420 SC4 S2\" id=\"ts_130\">- </span><span class=\"S2421 SC4 S2\" id=\"tt_130\">0.25 </span><span class=\"S2422 SC4 S2\" id=\"tu_130\">0.50 </span><span class=\"S2423 SC4 S2\" id=\"tv_130\">69.4 </span><span class=\"S2424 SC4 S2\" id=\"tw_130\">-5.00 </span><span class=\"S2425 SC5 S2\" id=\"tx_130\">5 455 416 </span><span class=\"S2426 SC5 S2\" id=\"ty_130\">5 939 146 </span><span class=\"S2427 SC5 S2\" id=\"tz_130\">6 450 019 </span><span class=\"S2428 SC5 S2\" id=\"t10_130\">6 965 505 </span><span class=\"S2429 SC5 S2\" id=\"t11_130\">7 480 991 </span><span class=\"S242A SC4 S2\" id=\"t12_130\">72.4 </span><span class=\"S242B SC4 S2\" id=\"t13_130\">-2.00 </span><span class=\"S242C SC5 S2\" id=\"t14_130\">5 827 081 </span><span class=\"S242D SC5 S2\" id=\"t15_130\">6 331 788 </span><span class=\"S242E SC5 S2\" id=\"t16_130\">6 864 660 </span><span class=\"S242F SC5 S2\" id=\"t17_130\">7 402 330 </span><span class=\"S2430 SC5 S2\" id=\"t18_130\">7 940 000 </span><span class=\"S2431 SC4 S2\" id=\"t19_130\">73.4 </span><span class=\"S2432 SC4 S2\" id=\"t1a_130\">-1.00 </span><span class=\"S2433 SC5 S2\" id=\"t1b_130\">5 950 970 </span><span class=\"S2434 SC5 S2\" id=\"t1c_130\">6 462 669 </span><span class=\"S2435 SC5 S2\" id=\"t1d_130\">7 002 873 </span><span class=\"S2436 SC5 S2\" id=\"t1e_130\">7 547 938 </span><span class=\"S2437 SC5 S2\" id=\"t1f_130\">8 093 002 </span><span class=\"S2438 SC4 S2\" id=\"t1g_130\">74.4 </span><span class=\"S2439 SC4 S2\" id=\"t1h_130\">- </span><span class=\"S243A SC5 S2\" id=\"t1i_130\">6 074 858 </span><span class=\"S243B SC5 S2\" id=\"t1j_130\">6 593 549 </span><span class=\"S243C SC4 S2\" id=\"t1k_130\">7 141 087 </span><span class=\"S243D SC5 S2\" id=\"t1l_130\">7 693 546 </span><span class=\"S243E SC5 S2\" id=\"t1m_130\">8 246 005 </span><span class=\"S243F SC4 S2\" id=\"t1n_130\">75.4 </span><span class=\"S2440 SC4 S2\" id=\"t1o_130\">1.00 </span><span class=\"S2441 SC5 S2\" id=\"t1p_130\">6 198 746 </span><span class=\"S2442 SC5 S2\" id=\"t1q_130\">6 724 430 </span><span class=\"S2443 SC5 S2\" id=\"t1r_130\">7 279 301 </span><span class=\"S2444 SC5 S2\" id=\"t1s_130\">7 839 154 </span><span class=\"S2445 SC5 S2\" id=\"t1t_130\">8 399 008 </span><span class=\"S2446 SC4 S2\" id=\"t1u_130\">76.4 </span><span class=\"S2447 SC4 S2\" id=\"t1v_130\">2.00 </span><span class=\"S2448 SC5 S2\" id=\"t1w_130\">6 322 635 </span><span class=\"S2449 SC5 S2\" id=\"t1x_130\">6 855 311 </span><span class=\"S244A SC5 S2\" id=\"t1y_130\">7 417 514 </span><span class=\"S244B SC5 S2\" id=\"t1z_130\">7 984 762 </span><span class=\"S244C SC5 S2\" id=\"t20_130\">8 552 011 </span><span class=\"S244D SC4 S2\" id=\"t21_130\">79.4 </span><span class=\"S244E SC4 S2\" id=\"t22_130\">5.00 </span><span class=\"S244F SC5 S2\" id=\"t23_130\">6 694 300 </span><span class=\"S2450 SC5 S2\" id=\"t24_130\">7 247 953 </span><span class=\"S2451 SC5 S2\" id=\"t25_130\">7 832 155 </span><span class=\"S2452 SC5 S2\" id=\"t26_130\">8 421 587 </span><span class=\"S2453 SC5 S2\" id=\"t27_130\">9 011 019 </span><span class=\"S2410 SC8 S2\" id=\"tc_130\">The table shows changes in estimated </span><span class=\"S2411 SC8 S2\" id=\"td_130\">fair value (present value) before </span><span class=\"S2412 SC8 S2\" id=\"te_130\">provision for loss-making contracts </span><span class=\"S2413 SC8 S2\" id=\"tf_130\">for the parameters price per kg and </span><span class=\"S2414 SC8 S2\" id=\"tg_130\">projected harvest weight per kg </span><span class=\"S2415 SC8 S2\" id=\"th_130\">gutted weight. For projected harvest </span><span class=\"S240B SC8 S2\" id=\"t7_130\">price, the change is per NOK gutted </span><span class=\"S240C SC8 S2\" id=\"t8_130\">weight after adjustment for </span><span class=\"S240D SC8 S2\" id=\"t9_130\">slaughtering cost, packaging cost, </span><span class=\"S240E SC8 S2\" id=\"ta_130\">transport cost to Oslo, quality, size </span><span class=\"S240F SC8 S2\" id=\"tb_130\">and exporter margin. </span><span class=\"S2454 S249F S2\" id=\"t28_130\">Sensitivity analysis for weighted average price and monthly discount rate applied </span><span class=\"S2455 SC4 S2\" id=\"t29_130\">Monthly discount rate (%) </span><span class=\"S2456 SC4 S2\" id=\"t2a_130\">2.0 % </span><span class=\"S2457 SC4 S2\" id=\"t2b_130\">3.0 % </span><span class=\"S2458 SC4 S2\" id=\"t2c_130\">4.0 % </span><span class=\"S2459 SC4 S2\" id=\"t2d_130\">5.0 % </span><span class=\"S245A SC4 S2\" id=\"t2e_130\">6.0 % </span><span class=\"S245B SC4 S2\" id=\"t2f_130\">Change in monthly discount rate (%) </span><span class=\"S245C SC4 S2\" id=\"t2g_130\">-2.0 % </span><span class=\"S245D SC4 S2\" id=\"t2h_130\">-1.0 % </span><span class=\"S245E SC4 S2\" id=\"t2i_130\">0.0 % </span><span class=\"S245F SC4 S2\" id=\"t2j_130\">1.0 % </span><span class=\"S2460 SC4 S2\" id=\"t2k_130\">2.0 % </span><span class=\"S2461 SC4 S2\" id=\"t2l_130\">69.4 </span><span class=\"S2462 SC4 S2\" id=\"t2m_130\">-5.00 </span><span class=\"S2463 SC5 S2\" id=\"t2n_130\">7 540 374 </span><span class=\"S2464 SC5 S2\" id=\"t2o_130\">6 964 823 </span><span class=\"S2465 SC5 S2\" id=\"t2p_130\">6 450 019 </span><span class=\"S2466 SC5 S2\" id=\"t2q_130\">5 988 219 </span><span class=\"S2467 SC5 S2\" id=\"t2r_130\">5 572 802 </span><span class=\"S2468 SC4 S2\" id=\"t2s_130\">72.4 </span><span class=\"S2469 SC4 S2\" id=\"t2t_130\">-2.00 </span><span class=\"S246A SC5 S2\" id=\"t2u_130\">8 037 503 </span><span class=\"S246B SC5 S2\" id=\"t2v_130\">7 418 214 </span><span class=\"S246C SC5 S2\" id=\"t2w_130\">6 864 660 </span><span class=\"S246D SC5 S2\" id=\"t2x_130\">6 368 431 </span><span class=\"S246E SC5 S2\" id=\"t2y_130\">5 922 342 </span><span class=\"S246F SC4 S2\" id=\"t2z_130\">73.4 </span><span class=\"S2470 SC4 S2\" id=\"t30_130\">-1.00 </span><span class=\"S2471 SC5 S2\" id=\"t31_130\">8 203 213 </span><span class=\"S2472 SC5 S2\" id=\"t32_130\">7 569 344 </span><span class=\"S2473 SC5 S2\" id=\"t33_130\">7 002 873 </span><span class=\"S2474 SC5 S2\" id=\"t34_130\">6 495 169 </span><span class=\"S2475 SC5 S2\" id=\"t35_130\">6 038 855 </span><span class=\"S2476 SC4 S2\" id=\"t36_130\">74.4 </span><span class=\"S2477 SC4 S2\" id=\"t37_130\">- </span><span class=\"S2478 SC5 S2\" id=\"t38_130\">8 368 922 </span><span class=\"S2479 SC5 S2\" id=\"t39_130\">7 720 475 </span><span class=\"S247A SC4 S2\" id=\"t3a_130\">7 141 087 </span><span class=\"S247B SC5 S2\" id=\"t3b_130\">6 621 906 </span><span class=\"S247C SC5 S2\" id=\"t3c_130\">6 155 368 </span><span class=\"S247D SC4 S2\" id=\"t3d_130\">75.4 </span><span class=\"S247E SC4 S2\" id=\"t3e_130\">1.00 </span><span class=\"S247F SC5 S2\" id=\"t3f_130\">8 534 632 </span><span class=\"S2480 SC5 S2\" id=\"t3g_130\">7 871 605 </span><span class=\"S2481 SC5 S2\" id=\"t3h_130\">7 279 301 </span><span class=\"S2482 SC5 S2\" id=\"t3i_130\">6 748 644 </span><span class=\"S2483 SC5 S2\" id=\"t3j_130\">6 271 881 </span><span class=\"S2484 SC4 S2\" id=\"t3k_130\">76.4 </span><span class=\"S2485 SC4 S2\" id=\"t3l_130\">2.00 </span><span class=\"S2486 SC5 S2\" id=\"t3m_130\">8 700 342 </span><span class=\"S2487 SC5 S2\" id=\"t3n_130\">8 022 736 </span><span class=\"S2488 SC5 S2\" id=\"t3o_130\">7 417 514 </span><span class=\"S2489 SC5 S2\" id=\"t3p_130\">6 875 381 </span><span class=\"S248A SC5 S2\" id=\"t3q_130\">6 388 395 </span><span class=\"S248B SC4 S2\" id=\"t3r_130\">79.4 </span><span class=\"S248C SC4 S2\" id=\"t3s_130\">5.00 </span><span class=\"S248D SC5 S2\" id=\"t3t_130\">9 197 470 </span><span class=\"S248E SC5 S2\" id=\"t3u_130\">8 476 127 </span><span class=\"S248F SC5 S2\" id=\"t3v_130\">7 832 155 </span><span class=\"S2490 SC5 S2\" id=\"t3w_130\">7 255 594 </span><span class=\"S2491 SC5 S2\" id=\"t3x_130\">6 737 935 </span><span class=\"S2492 SC5 S170F S2\" id=\"t3y_130\">Average price per kg (NOK) </span><span class=\"S2493 SC5 S170F S2\" id=\"t3z_130\">Average price per kg (NOK) </span><span class=\"S2494 SC5 S170F S2\" id=\"t40_130\">Change in price per kg (NOK) </span><span class=\"S2495 SC5 S170F S2\" id=\"t41_130\">Change in price per kg (NOK) </span><span class=\"S2496 SC8 S2\" id=\"t42_130\">The table shows changes in </span><span class=\"S2497 SC8 S2\" id=\"t43_130\">estimated fair value (present value) </span><span class=\"S2498 SC8 S2\" id=\"t44_130\">before provision for loss-making </span><span class=\"S2499 SC8 S2\" id=\"t45_130\">contracts for the parameters price </span><span class=\"S249A SC8 S2\" id=\"t46_130\">per kg and monthly discount rate. For </span><span class=\"S249B SC8 S2\" id=\"t47_130\">the monthly discount rate, the table </span><span class=\"S249C SC8 S2\" id=\"t48_130\">simulates an absolute change of +/- </span><span class=\"S249D SC8 S2\" id=\"t49_130\">1% and +/- 2% (100 and 200 points) </span><span class=\"S249E SC8 S2\" id=\"t4a_130\">respectively. </span><span class=\"S24A0 SC8 S2\" id=\"t1_131\">respectively. For the number of \ufb01sh in </span><span class=\"S24A1 SC8 S2\" id=\"t2_131\">stock, the table simulates a change </span><span class=\"S24A2 SC8 S2\" id=\"t3_131\">of +/- 1%, 2% and 5% in the number of </span><span class=\"S1F3 SC8 S2\" id=\"t4_131\">\ufb01sh per locality for all localities with </span><span class=\"S24A3 SC8 S2\" id=\"t5_131\">\ufb01sh in stock. </span><span class=\"S24AC S249F S2\" id=\"tg_131\">Sensitivity analysis for number of \ufb01sh in stock and monthly discount rate applied </span><span class=\"S24EA SC5 S170F S2\" id=\"t26_131\">Number of \ufb01sh in stock (in millions) </span><span class=\"S24EB SC5 S170F S2\" id=\"t27_131\">Change in number of \ufb01sh </span><span class=\"S24ED SC4 S2\" id=\"t29_131\">Number of \ufb01sh in stock (million \ufb01sh) </span><span class=\"S24EE SC4 S2\" id=\"t2a_131\">50.6 </span><span class=\"S24EF SC4 S2\" id=\"t2b_131\">52.2 </span><span class=\"S24F0 SC4 S2\" id=\"t2c_131\">53.3 </span><span class=\"S24F1 SC4 S2\" id=\"t2d_131\">54.3 </span><span class=\"S24F2 SC4 S2\" id=\"t2e_131\">55.9 </span><span class=\"S24F3 SC4 S2\" id=\"t2f_131\">Change in number of \ufb01sh in stock </span><span class=\"S24F4 SC4 S2\" id=\"t2g_131\">-5 % </span><span class=\"S24F5 SC4 S2\" id=\"t2h_131\">-2 % </span><span class=\"S24F6 SC4 S2\" id=\"t2i_131\">0 % </span><span class=\"S24F7 SC4 S2\" id=\"t2j_131\">2 % </span><span class=\"S24F8 SC4 S2\" id=\"t2k_131\">5 % </span><span class=\"S24F9 SC4 S2\" id=\"t2l_131\">69.4 </span><span class=\"S24FA SC4 S2\" id=\"t2m_131\">-5.00 </span><span class=\"S24FB SC5 S2\" id=\"t2n_131\">5 968 115 </span><span class=\"S24FC SC5 S2\" id=\"t2o_131\">6 257 257 </span><span class=\"S24FD SC5 S2\" id=\"t2p_131\">6 450 019 </span><span class=\"S24FE SC5 S2\" id=\"t2q_131\">6 642 780 </span><span class=\"S24FF SC5 S2\" id=\"t2r_131\">6 931 923 </span><span class=\"S2500 SC4 S2\" id=\"t2s_131\">72.4 </span><span class=\"S2501 SC4 S2\" id=\"t2t_131\">-2.00 </span><span class=\"S2502 SC5 S2\" id=\"t2u_131\">6 362 024 </span><span class=\"S2503 SC5 S2\" id=\"t2v_131\">6 663 605 </span><span class=\"S2504 SC5 S2\" id=\"t2w_131\">6 864 660 </span><span class=\"S2505 SC5 S2\" id=\"t2x_131\">7 065 714 </span><span class=\"S2506 SC5 S2\" id=\"t2y_131\">7 367 296 </span><span class=\"S2507 SC4 S2\" id=\"t2z_131\">73.4 </span><span class=\"S2508 SC4 S2\" id=\"t30_131\">-1.00 </span><span class=\"S2509 SC5 S2\" id=\"t31_131\">6 493 326 </span><span class=\"S250A SC5 S2\" id=\"t32_131\">6 799 055 </span><span class=\"S250B SC5 S2\" id=\"t33_131\">7 002 873 </span><span class=\"S250C SC5 S2\" id=\"t34_131\">7 206 692 </span><span class=\"S250D SC5 S2\" id=\"t35_131\">7 512 420 </span><span class=\"S250E SC4 S2\" id=\"t36_131\">74.4 </span><span class=\"S250F SC4 S2\" id=\"t37_131\">- </span><span class=\"S2510 SC5 S2\" id=\"t38_131\">6 624 629 </span><span class=\"S2511 SC5 S2\" id=\"t39_131\">6 934 504 </span><span class=\"S2512 SC4 S2\" id=\"t3a_131\">7 141 087 </span><span class=\"S2513 SC5 S2\" id=\"t3b_131\">7 347 670 </span><span class=\"S2514 SC5 S2\" id=\"t3c_131\">7 657 545 </span><span class=\"S2515 SC4 S2\" id=\"t3d_131\">75.4 </span><span class=\"S2516 SC4 S2\" id=\"t3e_131\">1.00 </span><span class=\"S2517 SC5 S2\" id=\"t3f_131\">6 755 932 </span><span class=\"S2518 SC5 S2\" id=\"t3g_131\">7 069 953 </span><span class=\"S2519 SC5 S2\" id=\"t3h_131\">7 279 301 </span><span class=\"S251A SC5 S2\" id=\"t3i_131\">7 488 648 </span><span class=\"S251B SC5 S2\" id=\"t3j_131\">7 802 669 </span><span class=\"S251C SC4 S2\" id=\"t3k_131\">76.4 </span><span class=\"S251D SC4 S2\" id=\"t3l_131\">2.00 </span><span class=\"S251E SC5 S2\" id=\"t3m_131\">6 887 235 </span><span class=\"S251F SC5 S2\" id=\"t3n_131\">7 205 403 </span><span class=\"S2520 SC5 S2\" id=\"t3o_131\">7 417 514 </span><span class=\"S2521 SC5 S2\" id=\"t3p_131\">7 629 626 </span><span class=\"S2522 SC5 S2\" id=\"t3q_131\">7 947 793 </span><span class=\"S2523 SC4 S2\" id=\"t3r_131\">79.4 </span><span class=\"S2524 SC4 S2\" id=\"t3s_131\">5.00 </span><span class=\"S2525 SC5 S2\" id=\"t3t_131\">7 281 144 </span><span class=\"S2526 SC5 S2\" id=\"t3u_131\">7 611 751 </span><span class=\"S2527 SC5 S2\" id=\"t3v_131\">7 832 155 </span><span class=\"S2528 SC5 S2\" id=\"t3w_131\">8 052 560 </span><span class=\"S2529 SC5 S2\" id=\"t3x_131\">8 383 166 </span><span class=\"S24A4 SC8 S2\" id=\"t6_131\">The table shows changes in </span><span class=\"S24A5 SC8 S2\" id=\"t7_131\">estimated fair value (present value) </span><span class=\"S24A6 SC8 S2\" id=\"t8_131\">before provision for loss-making </span><span class=\"SF2A SC8 S2\" id=\"t9_131\">contracts for the parameters </span><span class=\"S24A7 SC8 S2\" id=\"ta_131\">monthly discount rate and estimated </span><span class=\"S24A8 SC8 S2\" id=\"tb_131\">number of \ufb01sh in stock on the date of </span><span class=\"S24A9 SC8 S2\" id=\"tc_131\">the statement of \ufb01nancial position. </span><span class=\"S24AA SC8 S2\" id=\"td_131\">For the monthly discount rate, the </span><span class=\"SE2E SC8 S2\" id=\"te_131\">table simulates an absolute change </span><span class=\"S24AB SC8 S2\" id=\"tf_131\">of +/- 1% and 2% (100 and 200 points) </span><span class=\"S24AD SC4 S2\" id=\"th_131\">Monthly discount rate (%) </span><span class=\"S24AE SC4 S2\" id=\"ti_131\">2.0 % </span><span class=\"S24AF SC4 S2\" id=\"tj_131\">3.0 % </span><span class=\"S24B0 SC4 S2\" id=\"tk_131\">4.0 % </span><span class=\"S24B1 SC4 S2\" id=\"tl_131\">5.0 % </span><span class=\"S24B2 SC4 S2\" id=\"tm_131\">6.0 % </span><span class=\"S24B3 SC4 S2\" id=\"tn_131\">Change in monthly discount rate (%) </span><span class=\"S24B4 SC4 S2\" id=\"to_131\">-2.0 % </span><span class=\"S24B5 SC4 S2\" id=\"tp_131\">-1.0 % </span><span class=\"S24B6 SC4 S2\" id=\"tq_131\">0.0 % </span><span class=\"S24B7 SC4 S2\" id=\"tr_131\">1.0 % </span><span class=\"S24B8 SC4 S2\" id=\"ts_131\">2.0 % </span><span class=\"S24B9 SC4 S2\" id=\"tt_131\">51.3 </span><span class=\"S24BA SC4 S2\" id=\"tu_131\">-5 % </span><span class=\"S24BB SC5 S2\" id=\"tv_131\">7 751 456 </span><span class=\"S24BC SC5 S2\" id=\"tw_131\">7 156 572 </span><span class=\"S24BD SC5 S2\" id=\"tx_131\">6 624 629 </span><span class=\"S24BE SC5 S2\" id=\"ty_131\">6 147 597 </span><span class=\"S24BF SC5 S2\" id=\"tz_131\">5 718 609 </span><span class=\"S24C0 SC4 S2\" id=\"t10_131\">52.9 </span><span class=\"S24C1 SC4 S2\" id=\"t11_131\">-2 % </span><span class=\"S24C2 SC5 S2\" id=\"t12_131\">8 121 936 </span><span class=\"S24C3 SC5 S2\" id=\"t13_131\">7 494 914 </span><span class=\"S24C4 SC5 S2\" id=\"t14_131\">6 934 504 </span><span class=\"S24C5 SC5 S2\" id=\"t15_131\">6 432 183 </span><span class=\"S24C6 SC5 S2\" id=\"t16_131\">5 980 664 </span><span class=\"S24C7 SC4 S2\" id=\"t17_131\">53.4 </span><span class=\"S24C8 SC4 S2\" id=\"t18_131\">-1 % </span><span class=\"S24C9 SC5 S2\" id=\"t19_131\">8 245 429 </span><span class=\"S24CA SC5 S2\" id=\"t1a_131\">7 607 694 </span><span class=\"S24CB SC5 S2\" id=\"t1b_131\">7 037 796 </span><span class=\"S24CC SC5 S2\" id=\"t1c_131\">6 527 045 </span><span class=\"S24CD SC5 S2\" id=\"t1d_131\">6 068 016 </span><span class=\"S24CE SC4 S2\" id=\"t1e_131\">54.0 </span><span class=\"S24CF SC4 S2\" id=\"t1f_131\">- </span><span class=\"S24D0 SC5 S2\" id=\"t1g_131\">8 368 922 </span><span class=\"S24D1 SC5 S2\" id=\"t1h_131\">7 720 475 </span><span class=\"S24D2 SC4 S2\" id=\"t1i_131\">7 141 087 </span><span class=\"S24D3 SC5 S2\" id=\"t1j_131\">6 621 906 </span><span class=\"S24D4 SC5 S2\" id=\"t1k_131\">6 155 368 </span><span class=\"S24D5 SC4 S2\" id=\"t1l_131\">54.5 </span><span class=\"S24D6 SC4 S2\" id=\"t1m_131\">1 % </span><span class=\"S24D7 SC5 S2\" id=\"t1n_131\">8 492 416 </span><span class=\"S24D8 SC5 S2\" id=\"t1o_131\">7 833 256 </span><span class=\"S24D9 SC5 S2\" id=\"t1p_131\">7 244 379 </span><span class=\"S24DA SC5 S2\" id=\"t1q_131\">6 716 768 </span><span class=\"S24DB SC5 S2\" id=\"t1r_131\">6 242 720 </span><span class=\"S24DC SC4 S2\" id=\"t1s_131\">55.0 </span><span class=\"S24DD SC4 S2\" id=\"t1t_131\">2 % </span><span class=\"S24DE SC5 S2\" id=\"t1u_131\">8 615 909 </span><span class=\"S24DF SC5 S2\" id=\"t1v_131\">7 946 036 </span><span class=\"S24E0 SC5 S2\" id=\"t1w_131\">7 347 670 </span><span class=\"S24E1 SC5 S2\" id=\"t1x_131\">6 811 630 </span><span class=\"S24E2 SC5 S2\" id=\"t1y_131\">6 330 072 </span><span class=\"S24E3 SC4 S2\" id=\"t1z_131\">56.6 </span><span class=\"S24E4 SC4 S2\" id=\"t20_131\">5 % </span><span class=\"S24E5 SC5 S2\" id=\"t21_131\">8 986 389 </span><span class=\"S24E6 SC5 S2\" id=\"t22_131\">8 284 378 </span><span class=\"S24E7 SC5 S2\" id=\"t23_131\">7 657 545 </span><span class=\"S24E8 SC5 S2\" id=\"t24_131\">7 096 215 </span><span class=\"S24E9 SC5 S2\" id=\"t25_131\">6 592 128 </span><span class=\"S24EC S249F S2\" id=\"t28_131\">Sensitivity analysis for weighted average price and number of \ufb01sh in stock </span><span class=\"S252A SC5 S170F S2\" id=\"t3y_131\">Average price per kg (NOK) </span><span class=\"S252B SC5 S170F S2\" id=\"t3z_131\">Change in price per kg (NOK) </span><span class=\"S252C SC8 S2\" id=\"t40_131\">The table shows changes in estimated </span><span class=\"S252D SC8 S2\" id=\"t41_131\">fair value (present value) before </span><span class=\"S252E SC8 S2\" id=\"t42_131\">provision for loss-making contracts </span><span class=\"S252F SC8 S2\" id=\"t43_131\">for the parameters price per kg and </span><span class=\"S2530 SC8 S2\" id=\"t44_131\">estimated number of \ufb01sh in stock on </span><span class=\"S2531 SC8 S2\" id=\"t45_131\">the balance sheet date. For the </span><span class=\"S2532 SC8 S2\" id=\"t46_131\">number of \ufb01sh in stock, the table </span><span class=\"S2533 SC8 S2\" id=\"t47_131\">simulates a change of +/- 2% and +/- </span><span class=\"S2534 SC8 S2\" id=\"t48_131\">5% in the number of \ufb01sh per locality </span><span class=\"S2535 SC8 S2\" id=\"t49_131\">for all localities with \ufb01sh in stock. </span><span class=\"S3154 SC4 S2\" id=\"t2n_149\">Key premises </span><span class=\"S3155 SC4 S2\" id=\"t2o_149\">2022 </span><span class=\"S3156 SC4 S2\" id=\"t2p_149\">2021 </span><span class=\"S3157 SC5 S2\" id=\"t2q_149\">Discount rate (WACC) before tax </span><span class=\"S3158 SC5 S2\" id=\"t2r_149\">8.4 % </span><span class=\"S3159 SC5 S2\" id=\"t2s_149\">8.1 % </span><span class=\"S315A SC5 S2\" id=\"t2t_149\">Discount rate (WACC) after tax </span><span class=\"S315B SC5 S2\" id=\"t2u_149\">6.6 % </span><span class=\"S315C SC5 S2\" id=\"t2v_149\">7.3 % </span><span class=\"S315D SC5 S2\" id=\"t2w_149\">Nominal rate of growth </span><span class=\"S315E SC5 S2\" id=\"t2x_149\">2.0 % </span><span class=\"S315F SC5 S2\" id=\"t2y_149\">2.0 % </span><span class=\"S3160 SC5 S2\" id=\"t2z_149\">The book value tested below is the share of the carrying value that is not subject to amortisation. </span><span class=\"S3161 SC4 S2\" id=\"t30_149\">Sensitivity analysis per CGU </span><span class=\"S3162 SC4 S2\" id=\"t31_149\">Book value </span><span class=\"S3163 SC4 S2\" id=\"t32_149\">tested </span><span class=\"S3164 SC4 S2\" id=\"t33_149\">Critical value in </span><span class=\"S3165 SC4 S2\" id=\"t34_149\">the terminal element </span><span class=\"S3166 SC4 S2\" id=\"t35_149\">(with WACC implemented) </span><span class=\"S3167 SC4 S2\" id=\"t36_149\">Critical WACC </span><span class=\"S3168 SC4 S2\" id=\"t37_149\">(after tax) </span><span class=\"S3169 SC4 S2\" id=\"t38_149\">Implemented </span><span class=\"S316A SC4 S2\" id=\"t39_149\">WACC </span><span class=\"S316B SC4 S2\" id=\"t3a_149\">(after tax) </span><span class=\"S316C SC5 S2\" id=\"t3b_149\">Wild catch </span><span class=\"S316D SC5 S2\" id=\"t3c_149\">3 284 146 </span><span class=\"S316E S269C S2\" id=\"t3d_149\">8) </span><span class=\"S316F SC5 S2\" id=\"t3e_149\">8.7 % </span><span class=\"S3170 SC5 S2\" id=\"t3f_149\">6.6 % </span><span class=\"S3171 SC5 S2\" id=\"t3g_149\">Farming </span><span class=\"S3172 SC5 S2\" id=\"t3h_149\">4 338 411 </span><span class=\"S3173 SC5 S2\" id=\"t3i_149\">1.6 </span><span class=\"S3174 S269C S2\" id=\"t3j_149\">5). 6) </span><span class=\"S3175 SC5 S2\" id=\"t3k_149\">18.0 % </span><span class=\"S3176 SC5 S2\" id=\"t3l_149\">6.6 % </span><span class=\"S3177 SC5 S2\" id=\"t3m_149\">VAPSD </span><span class=\"S3178 SC5 S2\" id=\"t3n_149\">668 649 </span><span class=\"S3179 SC5 S2\" id=\"t3o_149\">0.3 % </span><span class=\"S317A S269C S2\" id=\"t3p_149\">7) </span><span class=\"S317B SC5 S2\" id=\"t3q_149\">30.5 % </span><span class=\"S317C SC5 S2\" id=\"t3r_149\">6.6 % </span><span class=\"S317D SC4 S2\" id=\"t3s_149\">Total </span><span class=\"S317E SC4 S2\" id=\"t3t_149\">8 291 206 </span><span class=\"S317F SC4 S2\" id=\"t3u_149\">6.6 % </span><span class=\"S3180 SAF1 S2\" id=\"t3v_149\">5) The terminal value for farming is a NOK amount estimated on the basis of EBIT/kg after an explicit period (the terminal component) that </span><span class=\"S3181 SAF1 S2\" id=\"t3w_149\">gives a total value in use simular to net book value. </span><span class=\"S3182 SAF1 S2\" id=\"t3x_149\">6) Development licences in process of beeing granted will be operated by Ler\u00f8y Vest. </span><span class=\"S3183 SAF1 S2\" id=\"t3y_149\">7) The terminal value for VAPSD is a percentage calculated on the basis of the pro\ufb01t margin, after an explicit period (the terminal component) </span><span class=\"S3184 SAF1 S2\" id=\"t3z_149\">that gives a total value in use simular to net book value. </span><span class=\"S3185 SAF1 S2\" id=\"t40_149\">8) For Wild catch segment it is not calculated a critical value in the terminal element. </span><span class=\"S3186 SC7 S2\" id=\"t41_149\">Key premises and sensitivity estimates </span><span class=\"S37C0 SC4 S2\" id=\"t20_160\">2021 - Estimated future price during expected harvesting period </span><span class=\"S37C1 SC4 S2\" id=\"t21_160\">Forward price * </span><span class=\"S37C2 SC4 S2\" id=\"t22_160\">Exporter fee </span><span class=\"S37C3 SC4 S2\" id=\"t23_160\">Clearing cost </span><span class=\"S37C4 SC4 S2\" id=\"t24_160\">Net forward </span><span class=\"S37C5 SC4 S2\" id=\"t25_160\">price </span><span class=\"S37C6 SC5 S2\" id=\"t26_160\">Q1 2022 </span><span class=\"S37C7 SC5 S2\" id=\"t27_160\">67.73 </span><span class=\"S37C8 SC5 S2\" id=\"t28_160\">-0.75 </span><span class=\"S37C9 SC5 S2\" id=\"t29_160\">-0.185 </span><span class=\"S37CA SC5 S2\" id=\"t2a_160\">66.80 </span><span class=\"S37CB SC5 S2\" id=\"t2b_160\">Q2 2022 </span><span class=\"S37CC SC5 S2\" id=\"t2c_160\">67.30 </span><span class=\"S37CD SC5 S2\" id=\"t2d_160\">-0.75 </span><span class=\"S37CE SC5 S2\" id=\"t2e_160\">-0.185 </span><span class=\"S37CF SC5 S2\" id=\"t2f_160\">66.37 </span><span class=\"S37D0 SC5 S2\" id=\"t2g_160\">Q3 2022 </span><span class=\"S37D1 SC5 S2\" id=\"t2h_160\">55.50 </span><span class=\"S37D2 SC5 S2\" id=\"t2i_160\">-0.75 </span><span class=\"S37D3 SC5 S2\" id=\"t2j_160\">-0.185 </span><span class=\"S37D4 SC5 S2\" id=\"t2k_160\">54.57 </span><span class=\"S37D5 SC5 S2\" id=\"t2l_160\">Q4 2022 </span><span class=\"S37D6 SC5 S2\" id=\"t2m_160\">61.33 </span><span class=\"S37D7 SC5 S2\" id=\"t2n_160\">-0.75 </span><span class=\"S37D8 SC5 S2\" id=\"t2o_160\">-0.185 </span><span class=\"S37D9 SC5 S2\" id=\"t2p_160\">60.40 </span><span class=\"S37DA SC5 S2\" id=\"t2q_160\">Q1 2023 </span><span class=\"S37DB SC5 S2\" id=\"t2r_160\">64.07 </span><span class=\"S37DC SC5 S2\" id=\"t2s_160\">-0.75 </span><span class=\"S37DD SC5 S2\" id=\"t2t_160\">-0.185 </span><span class=\"S37DE SC5 S2\" id=\"t2u_160\">63.14 </span><span class=\"S37DF SC5 S2\" id=\"t2v_160\">Q2 2023 </span><span class=\"S37E0 SC5 S2\" id=\"t2w_160\">64.57 </span><span class=\"S37E1 SC5 S2\" id=\"t2x_160\">-0.75 </span><span class=\"S37E2 SC5 S2\" id=\"t2y_160\">-0.185 </span><span class=\"S37E3 SC5 S2\" id=\"t2z_160\">63.64 </span><span class=\"S37E4 SC4 S2\" id=\"t30_160\">2022 - Estimated future price during expected harvesting period </span><span class=\"S37E5 SC4 S2\" id=\"t31_160\">Forward price * </span><span class=\"S37E6 SC4 S2\" id=\"t32_160\">Exporter fee </span><span class=\"S37E7 SC4 S2\" id=\"t33_160\">Clearing cost </span><span class=\"S37E8 SC4 S2\" id=\"t34_160\">Net forward </span><span class=\"S37E9 SC4 S2\" id=\"t35_160\">price </span><span class=\"S37EA SC5 S2\" id=\"t36_160\">Q1 2023 </span><span class=\"S37EB SC5 S2\" id=\"t37_160\">91.75 </span><span class=\"S37EC SC5 S2\" id=\"t38_160\">-0.75 </span><span class=\"S37ED SC5 S2\" id=\"t39_160\">-0.34 </span><span class=\"S37EE SC5 S2\" id=\"t3a_160\">90.66 </span><span class=\"S37EF SC5 S2\" id=\"t3b_160\">Q2 2023 </span><span class=\"S37F0 SC5 S2\" id=\"t3c_160\">95.55 </span><span class=\"S37F1 SC5 S2\" id=\"t3d_160\">-0.75 </span><span class=\"S37F2 SC5 S2\" id=\"t3e_160\">-0.34 </span><span class=\"S37F3 SC5 S2\" id=\"t3f_160\">94.46 </span><span class=\"S37F4 SC5 S2\" id=\"t3g_160\">Q3 2023 </span><span class=\"S37F5 SC5 S2\" id=\"t3h_160\">76.48 </span><span class=\"S37F6 SC5 S2\" id=\"t3i_160\">-0.75 </span><span class=\"S37F7 SC5 S2\" id=\"t3j_160\">-0.34 </span><span class=\"S37F8 SC5 S2\" id=\"t3k_160\">75.39 </span><span class=\"S37F9 SC5 S2\" id=\"t3l_160\">Q4 2023 </span><span class=\"S37FA SC5 S2\" id=\"t3m_160\">78.22 </span><span class=\"S37FB SC5 S2\" id=\"t3n_160\">-0.75 </span><span class=\"S37FC SC5 S2\" id=\"t3o_160\">-0.34 </span><span class=\"S37FD SC5 S2\" id=\"t3p_160\">77.13 </span><span class=\"S37FE SC5 S2\" id=\"t3q_160\">Q1 2024 </span><span class=\"S37FF SC5 S2\" id=\"t3r_160\">84.33 </span><span class=\"S3800 SC5 S2\" id=\"t3s_160\">-0.75 </span><span class=\"S3801 SC5 S2\" id=\"t3t_160\">-0.34 </span><span class=\"S3802 SC5 S2\" id=\"t3u_160\">83.24 </span><span class=\"S3803 SC5 S2\" id=\"t3v_160\">Q2 2024 </span><span class=\"S3804 SC5 S2\" id=\"t3w_160\">87.50 </span><span class=\"S3805 SC5 S2\" id=\"t3x_160\">-0.75 </span><span class=\"S3806 SC5 S2\" id=\"t3y_160\">-0.34 </span><span class=\"S3807 SC5 S2\" id=\"t3z_160\">86.41 </span><span class=\"S3808 SAF1 S2\" id=\"t40_160\">* Quarterly forward price based on monthly forward prices sourced from Fish Pool at balance sheet date. </span><span class=\"S3809 SC7 S2\" id=\"t41_160\">Parameters applied for calculation of fair value </span><span class=\"S380A S1C40 S2\" id=\"t42_160\">Price parameters </span><span class=\"S380B SC8 S2\" id=\"t1_161\">Deductions are also made for well </span><span class=\"S380C SC8 S2\" id=\"t2_161\">boat services, slaughtering and </span><span class=\"S380D SC8 S2\" id=\"t3_161\">packaging (primary processing), and </span><span class=\"S380E SC8 S2\" id=\"t4_161\">transport to Oslo from the locality </span><span class=\"S380F SC8 S2\" id=\"t5_161\">being measured. </span><span class=\"S3810 SC8 S2\" id=\"t6_161\">Based on the above parameters, an </span><span class=\"S3811 SC8 S2\" id=\"t7_161\">estimated net price is calculated for </span><span class=\"S3812 SC8 S2\" id=\"t8_161\">each locality, and is then included in </span><span class=\"S3813 SC8 S2\" id=\"t9_161\">the cash \ufb02ow calculation in relation </span><span class=\"S3814 SC8 S2\" id=\"ta_161\">to the assessment of fair value. In </span><span class=\"S3815 SC8 S2\" id=\"tb_161\">connection with the sensitivity analysis </span><span class=\"S3816 SC8 S2\" id=\"tc_161\">conducted in the note on signi\ufb01cant </span><span class=\"S3817 SC8 S2\" id=\"td_161\">accounting estimates and </span><span class=\"S3818 SC8 S2\" id=\"te_161\">assessments, an estimated average </span><span class=\"S3819 SC8 S2\" id=\"tf_161\">net price is applied to all sizes. This is </span><span class=\"S381A SC8 S2\" id=\"tg_161\">calculated by dividing the total </span><span class=\"S381B SC8 S2\" id=\"th_161\">estimated net sales revenue per </span><span class=\"S381C SC8 S2\" id=\"ti_161\">locality by the total estimated </span><span class=\"S3009 SC8 S2\" id=\"tj_161\">volume (measured as slaughter </span><span class=\"S381D SC8 S2\" id=\"tk_161\">weight), based on projected weight </span><span class=\"S381E SC8 S2\" id=\"tl_161\">on the the date of harvest. </span><span class=\"S381F SC7 S2\" id=\"tm_161\">Description of signi\ufb01cant cost items </span><span class=\"S3820 SC7 S2\" id=\"tn_161\">originating from an incident, disease or </span><span class=\"S3821 SC7 S2\" id=\"to_161\">other factor related to biological assets </span><span class=\"S3822 S1C40 S2\" id=\"tp_161\">Accidental release in 2022 </span><span class=\"S3823 SC8 S2\" id=\"tq_161\">For the Group, all accidental release </span><span class=\"S3824 SC8 S2\" id=\"tr_161\">is taken seriously, and the Group\u2019s </span><span class=\"S3825 SC8 S2\" id=\"ts_161\">target is zero accidental release. </span><span class=\"S1C64 SC8 S2\" id=\"tt_161\">Accidental release may however occur </span><span class=\"S3826 SC8 S2\" id=\"tu_161\">randomly due to unforeseen incidents. </span><span class=\"S3827 SC8 S2\" id=\"tv_161\">All accidental releases are reported to </span><span class=\"S3828 SC8 S2\" id=\"tw_161\">the Directorate of Fisheries, irrespective </span><span class=\"S3829 SC8 S2\" id=\"tx_161\">of the scope of the accident. This </span><span class=\"S382A SC8 S2\" id=\"ty_161\">applies even if only one individual </span><span class=\"S382B SC8 S2\" id=\"tz_161\">has escaped. The Group has not </span><span class=\"S382C SC8 S2\" id=\"t10_161\">experienced any accidental release </span><span class=\"S382D SC8 S2\" id=\"t11_161\">of economic signi\ufb01cance in 2022. The </span><span class=\"S382E SC8 S2\" id=\"t12_161\">Group had 1 escape incident at Ler\u00f8y </span><span class=\"S382F SC8 S2\" id=\"t13_161\">Sj\u00f8troll where 1,560 \ufb01sh escaped, and </span><span class=\"S1C70 SC8 S2\" id=\"t14_161\">4 incidents in connections with lice </span><span class=\"S3830 SC8 S2\" id=\"t15_161\">counting, where totally 8 \ufb01sh escaped </span><span class=\"S3831 SC8 S2\" id=\"t16_161\">into the sea. In total only 1 568 </span><span class=\"S3832 SC8 S2\" id=\"t17_161\">individuals escaped from a total stock </span><span class=\"S3833 SC8 S2\" id=\"t18_161\">of approximately 53 million individuals. </span><span class=\"S3834 SC8 S2\" id=\"t19_161\">In addition Ler\u00f8y Midt was involved </span><span class=\"S3835 SC8 S2\" id=\"t1a_161\">in an incident where a well boat was </span><span class=\"S3836 SC8 S2\" id=\"t1b_161\">the cause of an escape incident, </span><span class=\"S3837 SC8 S2\" id=\"t1c_161\">where 8,976 \ufb01sh escaped. Regardless </span><span class=\"S3838 SC8 S2\" id=\"t1d_161\">of size, all incidents are described in </span><span class=\"S3839 SC8 S2\" id=\"t1e_161\">the sustainability report, available at </span><span class=\"S383A SC8 S2\" id=\"t1f_161\">www.leroyseafood.com. </span><span class=\"S383B S1C40 S2\" id=\"t1g_161\">Incident-based mortality </span><span class=\"S383C SC8 S2\" id=\"t1h_161\">The Group de\ufb01nes mortality as </span><span class=\"S383D SC8 S2\" id=\"t1i_161\">abnormal when more than a certain </span><span class=\"S383E SC8 S2\" id=\"t1j_161\">percentage of the total number of </span><span class=\"S383F SC8 S2\" id=\"t1k_161\">\ufb01sh die in the space of one month. In </span><span class=\"S3840 SC8 S2\" id=\"t1l_161\">region West this limit is 2.5% for salmon, </span><span class=\"S3841 SC8 S2\" id=\"t1m_161\">and otherwise 1.5%. For more detailed </span><span class=\"S3842 SC8 S2\" id=\"t1n_161\">information, see the note on </span><span class=\"S3843 SC8 S2\" id=\"t1o_161\">biological assets (I). </span><span class=\"S3844 SC8 S2\" id=\"t1p_161\">Abnormal mortality is de\ufb01ned as </span><span class=\"S3845 SC8 S2\" id=\"t1q_161\">incident-based mortality, and is </span><span class=\"S3846 SC8 S2\" id=\"t1r_161\">charged to the income statement in </span><span class=\"S3847 SC8 S2\" id=\"t1s_161\">the period in which it occurs. As in 2021 </span><span class=\"S3848 SC8 S2\" id=\"t1t_161\">most of the incident-based mortality </span><span class=\"S1CCF SC8 S2\" id=\"t1u_161\">in 2022 has been caused by sea lice </span><span class=\"S3849 SC8 S2\" id=\"t1v_161\">treatment. However, some mortality </span><span class=\"S384A SC8 S2\" id=\"t1w_161\">has been caused by diseases, like gill </span><span class=\"S384B SC8 S2\" id=\"t1x_161\">disease and CMS, together with </span><span class=\"S1CD3 SC8 S2\" id=\"t1y_161\">weakness from winter wounds. </span><span class=\"S384C SC8 S2\" id=\"t1z_161\">Fish health, including minimising </span><span class=\"S384D SC8 S2\" id=\"t20_161\">mortality, is the cornerstone of the </span><span class=\"S384E SC8 S2\" id=\"t21_161\">Group\u2019s strategy. There positive trend </span><span class=\"S384F SC8 S2\" id=\"t22_161\">in the number of sea lice treatments </span><span class=\"S3850 SC8 S2\" id=\"t23_161\">and related mortality, continued </span><span class=\"S3851 SC8 S2\" id=\"t24_161\">during \ufb01rst half of 2022. But in the </span><span class=\"S3852 SC8 S2\" id=\"t25_161\">second half of 2022, the number of </span><span class=\"S3853 SC8 S2\" id=\"t26_161\">sea lice treatments have increased, </span><span class=\"S3854 SC8 S2\" id=\"t27_161\">as well as the mortality following the </span><span class=\"S3855 SC8 S2\" id=\"t28_161\">treatments. The Group works </span><span class=\"S3856 SC8 S2\" id=\"t29_161\">continously with actions and </span><span class=\"S3857 SC8 S2\" id=\"t2a_161\">technology to solve this challenge. </span><span class=\"S3858 SC4 S2\" id=\"t2b_161\">Adjustments are also made for </span><span class=\"S18F0 SC4 S2\" id=\"t2c_161\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t2d_161\">2021 </span><span class=\"S3859 SC5 S2\" id=\"t2e_161\">Price premium (+/-) for trout </span><span class=\"S385A SC5 S2\" id=\"t2f_161\">0.00 </span><span class=\"S385B SC5 S2\" id=\"t2g_161\">-2.00 </span><span class=\"S385C SC5 S2\" id=\"t2h_161\">Price premium (+/-) for ecological salmon </span><span class=\"S385D SC5 S2\" id=\"t2i_161\">0.00 </span><span class=\"S385E SC5 S2\" id=\"t2j_161\">15.00 </span><span class=\"S385F SC5 S2\" id=\"t2k_161\">Price premium (+/-) for ASC certi\ufb01ed salmon </span><span class=\"S3860 SC5 S2\" id=\"t2l_161\">0.09 </span><span class=\"S3861 SC5 S2\" id=\"t2m_161\">0.00 </span><span class=\"S3862 SC5 S2\" id=\"t2n_161\">Reduction for quality differences, salmon </span><span class=\"S3863 SC5 S2\" id=\"t2o_161\">-1.30 </span><span class=\"S3864 SC5 S2\" id=\"t2p_161\">-1.30 </span><span class=\"S3865 SC5 S2\" id=\"t2q_161\">Reduction for quality differences, trout </span><span class=\"S3866 SC5 S2\" id=\"t2r_161\">-1.60 </span><span class=\"S3867 SC5 S2\" id=\"t2s_161\">-1.68 </span><span class=\"S3868 SC5 S2\" id=\"t2t_161\">Reduction for size differences, salmon </span><span class=\"S3869 SC5 S2\" id=\"t2u_161\">-0.26 </span><span class=\"S386A SC5 S2\" id=\"t2v_161\">-0.26 </span><span class=\"S386B SC5 S2\" id=\"t2w_161\">Reduction for size differences, trout </span><span class=\"S386C SC5 S2\" id=\"t2x_161\">-0.80 </span><span class=\"S386D SC5 S2\" id=\"t2y_161\">-0.80 </span><span class=\"S386E SC4 S2\" id=\"t2z_161\">Other parameters </span><span class=\"S386F SC4 S2\" id=\"t30_161\">2022 </span><span class=\"S3870 SC4 S2\" id=\"t31_161\">2021 </span><span class=\"S3871 SC5 S2\" id=\"t32_161\">Estimated average net price, all sizes (kr/kg), after primary processing and freight costs </span><span class=\"S3872 SC5 S2\" id=\"t33_161\">74.4 </span><span class=\"S3873 SC5 S2\" id=\"t34_161\">56.1 </span><span class=\"S3874 SC5 S2\" id=\"t35_161\">Projected mortality in relation to number of individuals per month in North Norway </span><span class=\"S3875 SC5 S2\" id=\"t36_161\">0.45 % </span><span class=\"S3876 SC5 S2\" id=\"t37_161\">0.45 % </span><span class=\"S3877 SC5 S2\" id=\"t38_161\">Projected mortality in relation to number of individuals per month in Central Norway </span><span class=\"S3878 SC5 S2\" id=\"t39_161\">0.60 % </span><span class=\"S3879 SC5 S2\" id=\"t3a_161\">0.60 % </span><span class=\"S387A SC5 S2\" id=\"t3b_161\">Projected mortality in relation to number of individuals per month in West Norway </span><span class=\"S387B SC5 S2\" id=\"t3c_161\">2.50 % </span><span class=\"S387C SC5 S2\" id=\"t3d_161\">1.10 % </span><span class=\"S387D SC5 S2\" id=\"t3e_161\">Slaughtering loss for salmon, for recalculation from live weight to gutted weight </span><span class=\"S387E SC5 S2\" id=\"t3f_161\">14 % </span><span class=\"S387F SC5 S2\" id=\"t3g_161\">14 % </span><span class=\"S3880 SC5 S2\" id=\"t3h_161\">Slaughtering loss for trout, for recalculation from live weight to gutted weight </span><span class=\"S3881 SC5 S2\" id=\"t3i_161\">16 % </span><span class=\"S3882 SC5 S2\" id=\"t3j_161\">16 % </span><span class=\"S3883 SC5 S2\" id=\"t3k_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, salmon </span><span class=\"S3884 SC5 S2\" id=\"t3l_161\">4.65 kg </span><span class=\"S3885 SC5 S2\" id=\"t3m_161\">4.65 kg </span><span class=\"S3886 SC5 S2\" id=\"t3n_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, trout </span><span class=\"S3887 SC5 S2\" id=\"t3o_161\">4.76 kg </span><span class=\"S3888 SC5 S2\" id=\"t3p_161\">4.76 kg </span><span class=\"S3889 SC5 S2\" id=\"t3q_161\">Discount rate (monthly) </span><span class=\"S388A SC5 S2\" id=\"t3r_161\">4 % </span><span class=\"S388B SC5 S2\" id=\"t3s_161\">4 % </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9436": {
   "value": "<span class=\"S1C02 SC8 S2\" id=\"t2v_114\">The consolidated \ufb01nancial statements </span><span class=\"S1C03 SC8 S2\" id=\"t2w_114\">are prepared under the assumption </span><span class=\"S1C04 SC8 S2\" id=\"t2x_114\">that Ler\u00f8y Seafood Group will continue </span><span class=\"S1C05 SC8 S2\" id=\"t2y_114\">as a going concern. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9441": {
   "value": "<span class=\"S1C06 SC7 S2\" id=\"t2z_114\">(C) Principles of consolidation </span><span class=\"S1C07 S1C40 S2\" id=\"t30_114\">Subsidiaries </span><span class=\"S1C08 SC8 S2\" id=\"t31_114\">Subsidiaries are all units where the </span><span class=\"S1C09 SC8 S2\" id=\"t32_114\">Group has control of the unit\u2019s </span><span class=\"S1C0A SC8 S2\" id=\"t33_114\">\ufb01nancial and operational strategy, </span><span class=\"S1C0B SC8 S2\" id=\"t34_114\">normally through ownership of more </span><span class=\"S1C0C SC8 S2\" id=\"t35_114\">than half of all equity with voting </span><span class=\"S1C0D SC8 S2\" id=\"t36_114\">rights. Subsidiaries are consolidated </span><span class=\"S1C0E SC8 S2\" id=\"t37_114\">from the moment control is obtained </span><span class=\"S1C0F SC8 S2\" id=\"t38_114\">and are excluded from consolidation </span><span class=\"S1C10 SC8 S2\" id=\"t39_114\">when such control ceases. Transactions, </span><span class=\"S1C11 SC8 S2\" id=\"t3a_114\">intercompany accounts and unrealised </span><span class=\"S1C12 SC8 S2\" id=\"t3b_114\">gains or losses between the Group </span><span class=\"S1C13 SC8 S2\" id=\"t3c_114\">companies are eliminated. </span><span class=\"S1C14 SC8 S2\" id=\"t3d_114\">For each business combination after </span><span class=\"S1C15 SC8 S2\" id=\"t3e_114\">2009, the group has measured </span><span class=\"S1C16 SC8 S2\" id=\"t3f_114\">components of non controlling </span><span class=\"S1C17 SC8 S2\" id=\"t3g_114\">interests in the acquiree at fair value at </span><span class=\"S1C18 SC8 S2\" id=\"t3h_114\">the acquisition date. This implies that </span><span class=\"S1C19 SC8 S2\" id=\"t3i_114\">goodwill is recognised also on non- </span><span class=\"S1C1A SC8 S2\" id=\"t3j_114\">controlling interests proportionate </span><span class=\"S1C1B SC8 S2\" id=\"t3k_114\">share of the entity`s net assets. </span><span class=\"S1C1C SC8 S2\" id=\"t3l_114\">The companies that are part of the </span><span class=\"S1C1D SC8 S2\" id=\"t3m_114\">Group are speci\ufb01ed in the note on </span><span class=\"S1C1E SC8 S2\" id=\"t3n_114\">consolidated companies. </span><span class=\"S1C1F S1C40 S2\" id=\"t3o_114\">Non-controlling interests </span><span class=\"S1C20 SC8 S2\" id=\"t3p_114\">Non-controlling interests are </span><span class=\"S1C21 SC8 S2\" id=\"t3q_114\">measured at acquisition date either </span><span class=\"S1C22 SC8 S2\" id=\"t3r_114\">to fair value or their proportionate </span><span class=\"S1C23 SC8 S2\" id=\"t3s_114\">share of net identi\ufb01ed assets, with an </span><span class=\"S1C24 SC8 S2\" id=\"t3t_114\">option to choose for each acquisition. </span><span class=\"S1C25 SC8 S2\" id=\"t3u_114\">Non-controlling interests\u2019 share of </span><span class=\"S1C26 SC8 S2\" id=\"t3v_114\">the pro\ufb01t or loss for the year after </span><span class=\"S1C27 SC8 S2\" id=\"t3w_114\">taxes is shown as a separate item </span><span class=\"S1C28 SC8 S2\" id=\"t3x_114\">after the annual pro\ufb01t/loss for the </span><span class=\"S1C29 SC8 S2\" id=\"t3y_114\">Group. The non-controlling interests\u2019 </span><span class=\"S1C2A SC8 S2\" id=\"t3z_114\">share of equity is shown as a separate </span><span class=\"S1C2B SC8 S2\" id=\"t40_114\">item under consolidated equity. </span><span class=\"S1C2C SC8 S2\" id=\"t41_114\">Transactions with non-controlling </span><span class=\"S1C2D SC8 S2\" id=\"t42_114\">interests in subsidiaries are booked </span><span class=\"S1C2E SC8 S2\" id=\"t43_114\">as equity transactions. In the event of </span><span class=\"S1C2F SC8 S2\" id=\"t44_114\">the purchase or sale of shares from </span><span class=\"S1C30 SC8 S2\" id=\"t45_114\">non-controlling interests, the difference </span><span class=\"S1C31 SC8 S2\" id=\"t46_114\">between the consideration and the </span><span class=\"S1C32 SC8 S2\" id=\"t47_114\">shares\u2019 proportional share of the </span><span class=\"S1C33 SC8 S2\" id=\"t48_114\">carrying amount for the net assets in </span><span class=\"S1C34 SC8 S2\" id=\"t49_114\">the subsidiary against the parent </span><span class=\"S1C35 SC8 S2\" id=\"t4a_114\">company owners\u2019 equity is booked to </span><span class=\"S1C36 SC8 S2\" id=\"t4b_114\">controlling shareholder\u2019s equity. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9444": {
   "value": "<span class=\"S1C08 SC8 S2\" id=\"t31_114\">Subsidiaries are all units where the </span><span class=\"S1C09 SC8 S2\" id=\"t32_114\">Group has control of the unit\u2019s </span><span class=\"S1C0A SC8 S2\" id=\"t33_114\">\ufb01nancial and operational strategy, </span><span class=\"S1C0B SC8 S2\" id=\"t34_114\">normally through ownership of more </span><span class=\"S1C0C SC8 S2\" id=\"t35_114\">than half of all equity with voting </span><span class=\"S1C0D SC8 S2\" id=\"t36_114\">rights. Subsidiaries are consolidated </span><span class=\"S1C0E SC8 S2\" id=\"t37_114\">from the moment control is obtained </span><span class=\"S1C0F SC8 S2\" id=\"t38_114\">and are excluded from consolidation </span><span class=\"S1C10 SC8 S2\" id=\"t39_114\">when such control ceases. Transactions, </span><span class=\"S1C11 SC8 S2\" id=\"t3a_114\">intercompany accounts and unrealised </span><span class=\"S1C12 SC8 S2\" id=\"t3b_114\">gains or losses between the Group </span><span class=\"S1C13 SC8 S2\" id=\"t3c_114\">companies are eliminated. </span><span class=\"S1C14 SC8 S2\" id=\"t3d_114\">For each business combination after </span><span class=\"S1C15 SC8 S2\" id=\"t3e_114\">2009, the group has measured </span><span class=\"S1C16 SC8 S2\" id=\"t3f_114\">components of non controlling </span><span class=\"S1C17 SC8 S2\" id=\"t3g_114\">interests in the acquiree at fair value at </span><span class=\"S1C18 SC8 S2\" id=\"t3h_114\">the acquisition date. This implies that </span><span class=\"S1C19 SC8 S2\" id=\"t3i_114\">goodwill is recognised also on non- </span><span class=\"S1C1A SC8 S2\" id=\"t3j_114\">controlling interests proportionate </span><span class=\"S1C1B SC8 S2\" id=\"t3k_114\">share of the entity`s net assets. </span><span class=\"S1C1C SC8 S2\" id=\"t3l_114\">The companies that are part of the </span><span class=\"S1C1D SC8 S2\" id=\"t3m_114\">Group are speci\ufb01ed in the note on </span><span class=\"S1C1E SC8 S2\" id=\"t3n_114\">consolidated companies. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9457": {
   "value": "<span class=\"S1C14 SC8 S2\" id=\"t3d_114\">For each business combination after </span><span class=\"S1C15 SC8 S2\" id=\"t3e_114\">2009, the group has measured </span><span class=\"S1C16 SC8 S2\" id=\"t3f_114\">components of non controlling </span><span class=\"S1C17 SC8 S2\" id=\"t3g_114\">interests in the acquiree at fair value at </span><span class=\"S1C18 SC8 S2\" id=\"t3h_114\">the acquisition date. This implies that </span><span class=\"S1C19 SC8 S2\" id=\"t3i_114\">goodwill is recognised also on non- </span><span class=\"S1C1A SC8 S2\" id=\"t3j_114\">controlling interests proportionate </span><span class=\"S1C1B SC8 S2\" id=\"t3k_114\">share of the entity`s net assets. </span><span class=\"S1C1C SC8 S2\" id=\"t3l_114\">The companies that are part of the </span><span class=\"S1C1D SC8 S2\" id=\"t3m_114\">Group are speci\ufb01ed in the note on </span><span class=\"S1C1E SC8 S2\" id=\"t3n_114\">consolidated companies. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9469": {
   "value": "<span class=\"S1C1F S1C40 S2\" id=\"t3o_114\">Non-controlling interests </span><span class=\"S1C20 SC8 S2\" id=\"t3p_114\">Non-controlling interests are </span><span class=\"S1C21 SC8 S2\" id=\"t3q_114\">measured at acquisition date either </span><span class=\"S1C22 SC8 S2\" id=\"t3r_114\">to fair value or their proportionate </span><span class=\"S1C23 SC8 S2\" id=\"t3s_114\">share of net identi\ufb01ed assets, with an </span><span class=\"S1C24 SC8 S2\" id=\"t3t_114\">option to choose for each acquisition. </span><span class=\"S1C25 SC8 S2\" id=\"t3u_114\">Non-controlling interests\u2019 share of </span><span class=\"S1C26 SC8 S2\" id=\"t3v_114\">the pro\ufb01t or loss for the year after </span><span class=\"S1C27 SC8 S2\" id=\"t3w_114\">taxes is shown as a separate item </span><span class=\"S1C28 SC8 S2\" id=\"t3x_114\">after the annual pro\ufb01t/loss for the </span><span class=\"S1C29 SC8 S2\" id=\"t3y_114\">Group. The non-controlling interests\u2019 </span><span class=\"S1C2A SC8 S2\" id=\"t3z_114\">share of equity is shown as a separate </span><span class=\"S1C2B SC8 S2\" id=\"t40_114\">item under consolidated equity. </span><span class=\"S1C2C SC8 S2\" id=\"t41_114\">Transactions with non-controlling </span><span class=\"S1C2D SC8 S2\" id=\"t42_114\">interests in subsidiaries are booked </span><span class=\"S1C2E SC8 S2\" id=\"t43_114\">as equity transactions. In the event of </span><span class=\"S1C2F SC8 S2\" id=\"t44_114\">the purchase or sale of shares from </span><span class=\"S1C30 SC8 S2\" id=\"t45_114\">non-controlling interests, the difference </span><span class=\"S1C31 SC8 S2\" id=\"t46_114\">between the consideration and the </span><span class=\"S1C32 SC8 S2\" id=\"t47_114\">shares\u2019 proportional share of the </span><span class=\"S1C33 SC8 S2\" id=\"t48_114\">carrying amount for the net assets in </span><span class=\"S1C34 SC8 S2\" id=\"t49_114\">the subsidiary against the parent </span><span class=\"S1C35 SC8 S2\" id=\"t4a_114\">company owners\u2019 equity is booked to </span><span class=\"S1C36 SC8 S2\" id=\"t4b_114\">controlling shareholder\u2019s equity. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9494": {
   "value": "<span class=\"S1C37 SC7 S2\" id=\"t4c_114\">(D) Operating revenue </span><span class=\"S1C38 SC8 S2\" id=\"t4d_114\">Operating revenue is recognised at a </span><span class=\"S1C39 SC8 S2\" id=\"t4e_114\">point in time when control is passed </span><span class=\"S1C3A SC8 S2\" id=\"t4f_114\">to the customer. Control is generally </span><span class=\"S1C3B SC8 S2\" id=\"t4g_114\">passed when delivered to the </span><span class=\"S1C41 SC8 S2\" id=\"t1_115\">customer according to the agreed </span><span class=\"S1C42 SC8 S2\" id=\"t2_115\">upon Incoterms (contractual terms). </span><span class=\"S1C43 SC8 S2\" id=\"t3_115\">Expected volume discounts are </span><span class=\"S1C44 SC8 S2\" id=\"t4_115\">deducted from operating revenue </span><span class=\"S1C45 SC8 S2\" id=\"t5_115\">and presented as current provisions. </span><span class=\"S1C46 SC8 S2\" id=\"t6_115\">Taxes and duties are also deducted </span><span class=\"S1C47 SC8 S2\" id=\"t7_115\">from operating revenue. </span><span class=\"S1C48 SC8 S2\" id=\"t8_115\">The Group records provisions (sales </span><span class=\"S1C49 SC8 S2\" id=\"t9_115\">reduction) for quality deviations and </span><span class=\"S1C4A SC8 S2\" id=\"ta_115\">returns based on historical numbers </span><span class=\"S1C4B SC8 S2\" id=\"tb_115\">and speci\ufb01c information regarding </span><span class=\"S1C4C SC8 S2\" id=\"tc_115\">the respective deliveries. The Group </span><span class=\"S1C4D SC8 S2\" id=\"td_115\">delivers, to a large degree, fresh food </span><span class=\"S1C4E SC8 S2\" id=\"te_115\">and returns will therefore usually be </span><span class=\"S1C4F SC8 S2\" id=\"tf_115\">registered shortly after the customer </span><span class=\"S1C50 SC8 S2\" id=\"tg_115\">has received the goods. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9495": {
   "value": "<span class=\"S1C37 SC7 S2\" id=\"t4c_114\">(D) Operating revenue </span><span class=\"S1C38 SC8 S2\" id=\"t4d_114\">Operating revenue is recognised at a </span><span class=\"S1C39 SC8 S2\" id=\"t4e_114\">point in time when control is passed </span><span class=\"S1C3A SC8 S2\" id=\"t4f_114\">to the customer. Control is generally </span><span class=\"S1C3B SC8 S2\" id=\"t4g_114\">passed when delivered to the </span><span class=\"S1C41 SC8 S2\" id=\"t1_115\">customer according to the agreed </span><span class=\"S1C42 SC8 S2\" id=\"t2_115\">upon Incoterms (contractual terms). </span><span class=\"S1C43 SC8 S2\" id=\"t3_115\">Expected volume discounts are </span><span class=\"S1C44 SC8 S2\" id=\"t4_115\">deducted from operating revenue </span><span class=\"S1C45 SC8 S2\" id=\"t5_115\">and presented as current provisions. </span><span class=\"S1C46 SC8 S2\" id=\"t6_115\">Taxes and duties are also deducted </span><span class=\"S1C47 SC8 S2\" id=\"t7_115\">from operating revenue. </span><span class=\"S1C48 SC8 S2\" id=\"t8_115\">The Group records provisions (sales </span><span class=\"S1C49 SC8 S2\" id=\"t9_115\">reduction) for quality deviations and </span><span class=\"S1C4A SC8 S2\" id=\"ta_115\">returns based on historical numbers </span><span class=\"S1C4B SC8 S2\" id=\"tb_115\">and speci\ufb01c information regarding </span><span class=\"S1C4C SC8 S2\" id=\"tc_115\">the respective deliveries. The Group </span><span class=\"S1C4D SC8 S2\" id=\"td_115\">delivers, to a large degree, fresh food </span><span class=\"S1C4E SC8 S2\" id=\"te_115\">and returns will therefore usually be </span><span class=\"S1C4F SC8 S2\" id=\"tf_115\">registered shortly after the customer </span><span class=\"S1C50 SC8 S2\" id=\"tg_115\">has received the goods. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9508": {
   "value": "<span class=\"S1C3E S18EC S2\" id=\"t4o_114\">NOTE 1 </span><span class=\"S1C3F S18EC S2\" id=\"t4p_114\">Accounting policies </span><span class=\"S1B9C SC8 S2\" id=\"t1_114\">This section presents consolidated </span><span class=\"S1B9D SC8 S2\" id=\"t2_114\">accounting policies and notes for </span><span class=\"S1B9E SC8 S2\" id=\"t3_114\">Ler\u00f8y Seafood Group ASA. Accounting </span><span class=\"S1B9F SC8 S2\" id=\"t4_114\">policies and notes for Ler\u00f8y Seafood </span><span class=\"S1BA0 SC8 S2\" id=\"t5_114\">Group ASA (parent company) are </span><span class=\"S1BA1 SC8 S2\" id=\"t6_114\">presented separately after the notes </span><span class=\"S1BA2 SC8 S2\" id=\"t7_114\">to the consolidated \ufb01nancial </span><span class=\"S1BA3 SC8 S2\" id=\"t8_114\">statements. This separation is </span><span class=\"S1BA4 SC8 S2\" id=\"t9_114\">necessary in that the Group submits </span><span class=\"S1BA5 SC8 S2\" id=\"ta_114\">\ufb01nancial statements in accordance </span><span class=\"S1BA6 SC8 S2\" id=\"tb_114\">with IFRS (International Financial </span><span class=\"S1BA7 SC8 S2\" id=\"tc_114\">Reporting Standards), while the </span><span class=\"S1BA8 SC8 S2\" id=\"td_114\">parent company\u2019s \ufb01nancial statements </span><span class=\"S1BA9 SC8 S2\" id=\"te_114\">are drawn up in accordance with </span><span class=\"S1BAA SC8 S2\" id=\"tf_114\">NGAAP (Norwegian Generally </span><span class=\"S1BAB SC8 S2\" id=\"tg_114\">Accepted Accounting Principles). </span><span class=\"S1BAC SC8 S2\" id=\"th_114\">Ler\u00f8y Seafood Group ASA is registered </span><span class=\"S1BAD SC8 S2\" id=\"ti_114\">in Norway and is listed on the Oslo </span><span class=\"S1BAE SC8 S2\" id=\"tj_114\">Stock Exchange. The company\u2019s </span><span class=\"S1BAF SC8 S2\" id=\"tk_114\">consolidated \ufb01nancial statements </span><span class=\"S1BB0 SC8 S2\" id=\"tl_114\">for the \ufb01nancial year 2022 include the </span><span class=\"S1BB1 SC8 S2\" id=\"tm_114\">company and its subsidiaries </span><span class=\"S1BB2 SC8 S2\" id=\"tn_114\">(collectively referred to as \u201cthe Group\u201d) </span><span class=\"S1BB3 SC8 S2\" id=\"to_114\">and the Group\u2019s share in associates. </span><span class=\"S1BB4 SC8 S2\" id=\"tp_114\">Ler\u00f8y Seafood Group ASA is a </span><span class=\"S1BB5 SC8 S2\" id=\"tq_114\">subsidiary of Austevoll Seafood ASA </span><span class=\"S1BB6 SC8 S2\" id=\"tr_114\">(52.69%), which in turn is owned </span><span class=\"S1BB7 SC8 S2\" id=\"ts_114\">(55.55%) by Laco AS. Laco AS is the </span><span class=\"S1BB8 SC8 S2\" id=\"tt_114\">ultimate parent company. </span><span class=\"S1BB9 SC8 S2\" id=\"tu_114\">The \ufb01nancial statements were </span><span class=\"S1BBA SC8 S2\" id=\"tv_114\">submitted by the Board of Directors </span><span class=\"S1BBB SC8 S2\" id=\"tw_114\">on 28 April 2023. </span><span class=\"S1BBC SC7 S2\" id=\"tx_114\">(A) Declaration con\ufb01rming that the </span><span class=\"S1BBD SC7 S2\" id=\"ty_114\">\ufb01nancial statements have been </span><span class=\"S1BBE SC7 S2\" id=\"tz_114\">drawn up in accordance with IFRS </span><span class=\"S1BBF SC8 S2\" id=\"t10_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BC0 SC8 S2\" id=\"t11_114\">are submitted in accordance with </span><span class=\"S1BC1 SC8 S2\" id=\"t12_114\">international standards for \ufb01nancial </span><span class=\"S1BC2 SC8 S2\" id=\"t13_114\">reporting (IFRS) and interpretations </span><span class=\"S1BC3 SC8 S2\" id=\"t14_114\">established by the International </span><span class=\"S1BC4 SC8 S2\" id=\"t15_114\">Accounting Standards Board (IASB) </span><span class=\"S1BC5 SC8 S2\" id=\"t16_114\">and adopted by the EU. </span><span class=\"S1BC6 SC7 S2\" id=\"t17_114\">(B) Basis for preparing the \ufb01nancial </span><span class=\"S1BC7 SC7 S2\" id=\"t18_114\">statements </span><span class=\"S1BC8 SC8 S2\" id=\"t19_114\">The \ufb01nancial statements are presented </span><span class=\"S1BC9 SC8 S2\" id=\"t1a_114\">in NOK and \ufb01gures are rounded off to </span><span class=\"S1BCA SC8 S2\" id=\"t1b_114\">the nearest thousand. They are </span><span class=\"S1BCB SC8 S2\" id=\"t1c_114\">prepared on the basis of the historical </span><span class=\"S1BCC SC8 S2\" id=\"t1d_114\">cost principle, with the exception of </span><span class=\"S1BCD SC8 S2\" id=\"t1e_114\">the following assets and liabilities </span><span class=\"S1BCE SC8 S2\" id=\"t1f_114\">which are carried in the balance </span><span class=\"S1BCF SC8 S2\" id=\"t1g_114\">sheet at fair value: Biological assets </span><span class=\"S1BD0 SC8 S2\" id=\"t1h_114\">and \ufb01nancial derivatives. </span><span class=\"S1BD1 SC8 S2\" id=\"t1i_114\">Preparation of \ufb01nancial statements in </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_114\">accordance with IFRS demands that </span><span class=\"S1BD3 SC8 S2\" id=\"t1k_114\">the administration makes assessments, </span><span class=\"S1BD4 SC8 S2\" id=\"t1l_114\">estimates and assumptions that </span><span class=\"S1BD5 SC8 S2\" id=\"t1m_114\">in\ufb02uence the application of accounting </span><span class=\"S1BD6 SC8 S2\" id=\"t1n_114\">policies and the book values of </span><span class=\"S1BD7 SC8 S2\" id=\"t1o_114\">assets and liabilities, revenue and </span><span class=\"S1BD8 SC8 S2\" id=\"t1p_114\">costs. Estimates and their associated </span><span class=\"S1BD9 SC8 S2\" id=\"t1q_114\">assumptions are based on historical </span><span class=\"S1BDA SC8 S2\" id=\"t1r_114\">experience and other factors seen as </span><span class=\"S1BDB SC8 S2\" id=\"t1s_114\">reasonable under the circumstances. </span><span class=\"S1BDC SC8 S2\" id=\"t1t_114\">These calculations form the basis for </span><span class=\"S1BDD SC8 S2\" id=\"t1u_114\">measurement of carrying amounts </span><span class=\"S1BDE SC8 S2\" id=\"t1v_114\">for assets and liabilities that are not </span><span class=\"S1BDF SC8 S2\" id=\"t1w_114\">readily available from other sources. </span><span class=\"S1BE0 SC8 S2\" id=\"t1x_114\">The actual result may deviate from </span><span class=\"S1BE1 SC8 S2\" id=\"t1y_114\">these estimates. </span><span class=\"S1BE2 SC8 S2\" id=\"t1z_114\">Estimates and underlying </span><span class=\"S1BE3 SC8 S2\" id=\"t20_114\">assumptions are under constant </span><span class=\"S1BE4 SC8 S2\" id=\"t21_114\">review. Changes in the accounting- </span><span class=\"S1BE5 SC8 S2\" id=\"t22_114\">related estimates are recognised in the </span><span class=\"S1BE6 SC8 S2\" id=\"t23_114\">periods in which they occur, provided </span><span class=\"S1BE7 SC8 S2\" id=\"t24_114\">they apply only to that period. If </span><span class=\"S1BE8 SC8 S2\" id=\"t25_114\">changes also apply to future periods, </span><span class=\"S1BE9 SC8 S2\" id=\"t26_114\">the effect is distributed over current </span><span class=\"S1BEA SC8 S2\" id=\"t27_114\">and future periods. </span><span class=\"S1BEB SC8 S2\" id=\"t28_114\">Assessments that are made by the </span><span class=\"S1BEC SC8 S2\" id=\"t29_114\">administration when applying the IFRS </span><span class=\"S1BED SC8 S2\" id=\"t2a_114\">standards and that have a signi\ufb01cant </span><span class=\"S1BEE SC8 S2\" id=\"t2b_114\">effect on the \ufb01nancial statements </span><span class=\"S1BEF SC8 S2\" id=\"t2c_114\">and estimates with a considerable </span><span class=\"S1BF0 SC8 S2\" id=\"t2d_114\">risk of signi\ufb01cant adjustments in the </span><span class=\"S1BF1 SC8 S2\" id=\"t2e_114\">next \ufb01nancial year, are described in </span><span class=\"S1BF2 SC8 S2\" id=\"t2f_114\">note about signi\ufb01cant accounting </span><span class=\"S1BF3 SC8 S2\" id=\"t2g_114\">estimates and assessments. </span><span class=\"S1BF4 SC8 S2\" id=\"t2h_114\">The accounting policies discussed </span><span class=\"S1BF5 SC8 S2\" id=\"t2i_114\">below have been consistently applied </span><span class=\"S1BF6 SC8 S2\" id=\"t2j_114\">for all periods presented in the </span><span class=\"S1BF7 SC8 S2\" id=\"t2k_114\">consolidated \ufb01nancial statements. </span><span class=\"S1BF8 SC8 S2\" id=\"t2l_114\">The consolidated \ufb01nancial statements </span><span class=\"S1BF9 SC8 S2\" id=\"t2m_114\">are drawn up in accordance with </span><span class=\"S1BFA SC8 S2\" id=\"t2n_114\">IFRS, while the \ufb01nancial statements </span><span class=\"S1BFB SC8 S2\" id=\"t2o_114\">for the Norwegian subsidiaries are </span><span class=\"S1BFC SC8 S2\" id=\"t2p_114\">prepared according to Norwegian </span><span class=\"S1BFD SC8 S2\" id=\"t2q_114\">Generally Accepted Accounting </span><span class=\"S1BFE SC8 S2\" id=\"t2r_114\">Principles (NGAAP). Accounts for the </span><span class=\"S1BFF SC8 S2\" id=\"t2s_114\">foreign subsidiaries are prepared </span><span class=\"S1C00 SC8 S2\" id=\"t2t_114\">according to accepted accounting </span><span class=\"S1C01 SC8 S2\" id=\"t2u_114\">policies in the respective countries. </span><span class=\"S1C02 SC8 S2\" id=\"t2v_114\">The consolidated \ufb01nancial statements </span><span class=\"S1C03 SC8 S2\" id=\"t2w_114\">are prepared under the assumption </span><span class=\"S1C04 SC8 S2\" id=\"t2x_114\">that Ler\u00f8y Seafood Group will continue </span><span class=\"S1C05 SC8 S2\" id=\"t2y_114\">as a going concern. </span><span class=\"S1C06 SC7 S2\" id=\"t2z_114\">(C) Principles of consolidation </span><span class=\"S1C07 S1C40 S2\" id=\"t30_114\">Subsidiaries </span><span class=\"S1C08 SC8 S2\" id=\"t31_114\">Subsidiaries are all units where the </span><span class=\"S1C09 SC8 S2\" id=\"t32_114\">Group has control of the unit\u2019s </span><span class=\"S1C0A SC8 S2\" id=\"t33_114\">\ufb01nancial and operational strategy, </span><span class=\"S1C0B SC8 S2\" id=\"t34_114\">normally through ownership of more </span><span class=\"S1C0C SC8 S2\" id=\"t35_114\">than half of all equity with voting </span><span class=\"S1C0D SC8 S2\" id=\"t36_114\">rights. Subsidiaries are consolidated </span><span class=\"S1C0E SC8 S2\" id=\"t37_114\">from the moment control is obtained </span><span class=\"S1C0F SC8 S2\" id=\"t38_114\">and are excluded from consolidation </span><span class=\"S1C10 SC8 S2\" id=\"t39_114\">when such control ceases. Transactions, </span><span class=\"S1C11 SC8 S2\" id=\"t3a_114\">intercompany accounts and unrealised </span><span class=\"S1C12 SC8 S2\" id=\"t3b_114\">gains or losses between the Group </span><span class=\"S1C13 SC8 S2\" id=\"t3c_114\">companies are eliminated. </span><span class=\"S1C14 SC8 S2\" id=\"t3d_114\">For each business combination after </span><span class=\"S1C15 SC8 S2\" id=\"t3e_114\">2009, the group has measured </span><span class=\"S1C16 SC8 S2\" id=\"t3f_114\">components of non controlling </span><span class=\"S1C17 SC8 S2\" id=\"t3g_114\">interests in the acquiree at fair value at </span><span class=\"S1C18 SC8 S2\" id=\"t3h_114\">the acquisition date. This implies that </span><span class=\"S1C19 SC8 S2\" id=\"t3i_114\">goodwill is recognised also on non- </span><span class=\"S1C1A SC8 S2\" id=\"t3j_114\">controlling interests proportionate </span><span class=\"S1C1B SC8 S2\" id=\"t3k_114\">share of the entity`s net assets. </span><span class=\"S1C1C SC8 S2\" id=\"t3l_114\">The companies that are part of the </span><span class=\"S1C1D SC8 S2\" id=\"t3m_114\">Group are speci\ufb01ed in the note on </span><span class=\"S1C1E SC8 S2\" id=\"t3n_114\">consolidated companies. </span><span class=\"S1C1F S1C40 S2\" id=\"t3o_114\">Non-controlling interests </span><span class=\"S1C20 SC8 S2\" id=\"t3p_114\">Non-controlling interests are </span><span class=\"S1C21 SC8 S2\" id=\"t3q_114\">measured at acquisition date either </span><span class=\"S1C22 SC8 S2\" id=\"t3r_114\">to fair value or their proportionate </span><span class=\"S1C23 SC8 S2\" id=\"t3s_114\">share of net identi\ufb01ed assets, with an </span><span class=\"S1C24 SC8 S2\" id=\"t3t_114\">option to choose for each acquisition. </span><span class=\"S1C25 SC8 S2\" id=\"t3u_114\">Non-controlling interests\u2019 share of </span><span class=\"S1C26 SC8 S2\" id=\"t3v_114\">the pro\ufb01t or loss for the year after </span><span class=\"S1C27 SC8 S2\" id=\"t3w_114\">taxes is shown as a separate item </span><span class=\"S1C28 SC8 S2\" id=\"t3x_114\">after the annual pro\ufb01t/loss for the </span><span class=\"S1C29 SC8 S2\" id=\"t3y_114\">Group. The non-controlling interests\u2019 </span><span class=\"S1C2A SC8 S2\" id=\"t3z_114\">share of equity is shown as a separate </span><span class=\"S1C2B SC8 S2\" id=\"t40_114\">item under consolidated equity. </span><span class=\"S1C2C SC8 S2\" id=\"t41_114\">Transactions with non-controlling </span><span class=\"S1C2D SC8 S2\" id=\"t42_114\">interests in subsidiaries are booked </span><span class=\"S1C2E SC8 S2\" id=\"t43_114\">as equity transactions. In the event of </span><span class=\"S1C2F SC8 S2\" id=\"t44_114\">the purchase or sale of shares from </span><span class=\"S1C30 SC8 S2\" id=\"t45_114\">non-controlling interests, the difference </span><span class=\"S1C31 SC8 S2\" id=\"t46_114\">between the consideration and the </span><span class=\"S1C32 SC8 S2\" id=\"t47_114\">shares\u2019 proportional share of the </span><span class=\"S1C33 SC8 S2\" id=\"t48_114\">carrying amount for the net assets in </span><span class=\"S1C34 SC8 S2\" id=\"t49_114\">the subsidiary against the parent </span><span class=\"S1C35 SC8 S2\" id=\"t4a_114\">company owners\u2019 equity is booked to </span><span class=\"S1C36 SC8 S2\" id=\"t4b_114\">controlling shareholder\u2019s equity. </span><span class=\"S1C37 SC7 S2\" id=\"t4c_114\">(D) Operating revenue </span><span class=\"S1C38 SC8 S2\" id=\"t4d_114\">Operating revenue is recognised at a </span><span class=\"S1C39 SC8 S2\" id=\"t4e_114\">point in time when control is passed </span><span class=\"S1C3A SC8 S2\" id=\"t4f_114\">to the customer. Control is generally </span><span class=\"S1C3B SC8 S2\" id=\"t4g_114\">passed when delivered to the </span><span class=\"S1C41 SC8 S2\" id=\"t1_115\">customer according to the agreed </span><span class=\"S1C42 SC8 S2\" id=\"t2_115\">upon Incoterms (contractual terms). </span><span class=\"S1C43 SC8 S2\" id=\"t3_115\">Expected volume discounts are </span><span class=\"S1C44 SC8 S2\" id=\"t4_115\">deducted from operating revenue </span><span class=\"S1C45 SC8 S2\" id=\"t5_115\">and presented as current provisions. </span><span class=\"S1C46 SC8 S2\" id=\"t6_115\">Taxes and duties are also deducted </span><span class=\"S1C47 SC8 S2\" id=\"t7_115\">from operating revenue. </span><span class=\"S1C48 SC8 S2\" id=\"t8_115\">The Group records provisions (sales </span><span class=\"S1C49 SC8 S2\" id=\"t9_115\">reduction) for quality deviations and </span><span class=\"S1C4A SC8 S2\" id=\"ta_115\">returns based on historical numbers </span><span class=\"S1C4B SC8 S2\" id=\"tb_115\">and speci\ufb01c information regarding </span><span class=\"S1C4C SC8 S2\" id=\"tc_115\">the respective deliveries. The Group </span><span class=\"S1C4D SC8 S2\" id=\"td_115\">delivers, to a large degree, fresh food </span><span class=\"S1C4E SC8 S2\" id=\"te_115\">and returns will therefore usually be </span><span class=\"S1C4F SC8 S2\" id=\"tf_115\">registered shortly after the customer </span><span class=\"S1C50 SC8 S2\" id=\"tg_115\">has received the goods. </span><span class=\"S1C51 SC7 S2\" id=\"th_115\">(E) Reporting by segment </span><span class=\"S1C52 SC8 S2\" id=\"ti_115\">Segments are reported at a more </span><span class=\"S1C53 SC8 S2\" id=\"tj_115\">aggregated level than for internal </span><span class=\"S1C54 SC8 S2\" id=\"tk_115\">reporting to the corporate </span><span class=\"S1C55 SC8 S2\" id=\"tl_115\">management due to similar economic </span><span class=\"S1C56 SC8 S2\" id=\"tm_115\">characteristics, organisational </span><span class=\"S1C57 SC8 S2\" id=\"tn_115\">structure and commercial risk. The </span><span class=\"S1C58 SC8 S2\" id=\"to_115\">Group\u2019s reportable segments comprise </span><span class=\"S1C59 SC8 S2\" id=\"tp_115\">the following: (1) Wild catch, (2) Farming </span><span class=\"S1C5A SC8 S2\" id=\"tq_115\">and (3) Value-added Processing </span><span class=\"S1C5B SC8 S2\" id=\"tr_115\">(VAP), sales and distribution. The last </span><span class=\"S1C5C SC8 S2\" id=\"ts_115\">segment is also named VAPS&amp;D or </span><span class=\"S1C5D SC8 S2\" id=\"tt_115\">VAPSD for short. Please refer to the </span><span class=\"S1C5E SC8 S2\" id=\"tu_115\">note on the consolidated companies </span><span class=\"S1C5F SC8 S2\" id=\"tv_115\">and division into operating segments </span><span class=\"S1C60 SC8 S2\" id=\"tw_115\">for a complete description of the </span><span class=\"S1C61 SC8 S2\" id=\"tx_115\">companies in the different segments, </span><span class=\"S1C62 SC8 S2\" id=\"ty_115\">both directly and via indirect </span><span class=\"S1C63 SC8 S2\" id=\"tz_115\">ownership. </span><span class=\"S1C64 S109 S2\" id=\"t10_115\">Wild catch </span><span class=\"S1C65 SC8 S2\" id=\"t11_115\">is reported as one segment. </span><span class=\"S1C66 SC8 S2\" id=\"t12_115\">The unit comprises the two sub-groups </span><span class=\"S1C67 SC8 S2\" id=\"t13_115\">Ler\u00f8y Hav\ufb01sk AS and Ler\u00f8y Norway </span><span class=\"S1C68 SC8 S2\" id=\"t14_115\">Seafoods AS. The Ler\u00f8y Hav\ufb01sk Group, </span><span class=\"S1C69 SC8 S2\" id=\"t15_115\">owner of the licenses, is subject to a </span><span class=\"S1C6A SC8 S2\" id=\"t16_115\">so-called \"industrial obligation\" in </span><span class=\"S1C6B SC8 S2\" id=\"t17_115\">Stamsund, Melbu, Hammerfest, </span><span class=\"S1C6C SC8 S2\" id=\"t18_115\">B\u00e5tsfjord, Honningsv\u00e5g and Kj\u00f8llefjord. </span><span class=\"S1C6D SC8 S2\" id=\"t19_115\">This implies that the license is linked </span><span class=\"S1C6E SC8 S2\" id=\"t1a_115\">to operation of the facilities in the </span><span class=\"S1C6F SC8 S2\" id=\"t1b_115\">respective locations. Ler\u00f8y Hav\ufb01sk </span><span class=\"S1C70 SC8 S2\" id=\"t1c_115\">has leased out the facilities in these </span><span class=\"S1C71 SC8 S2\" id=\"t1d_115\">locations to Ler\u00f8y Norway Seafoods AS. </span><span class=\"S1C72 SC8 S2\" id=\"t1e_115\">The lessor is responsible for sustaining </span><span class=\"S1C73 SC8 S2\" id=\"t1f_115\">operations. However, if the lessor </span><span class=\"S1C74 SC8 S2\" id=\"t1g_115\">terminates operations, the license </span><span class=\"S1C75 SC8 S2\" id=\"t1h_115\">terms oblige Ler\u00f8y Hav\ufb01sk to sustain </span><span class=\"S1C76 SC8 S2\" id=\"t1i_115\">operations in the speci\ufb01ed locations. </span><span class=\"S1C77 SC8 S2\" id=\"t1j_115\">The two companies, including their </span><span class=\"S1C78 SC8 S2\" id=\"t1k_115\">subsidiaries, are so heavily integrated </span><span class=\"S1C79 SC8 S2\" id=\"t1l_115\">with each other, that they are regarded </span><span class=\"S1C7A SC8 S2\" id=\"t1m_115\">as one operating segment, which also </span><span class=\"S1C7B SC8 S2\" id=\"t1n_115\">is re\ufb02ected in the internal reporting. </span><span class=\"S1C7C S109 S2\" id=\"t1o_115\">Farming </span><span class=\"S1C7D SC8 S2\" id=\"t1p_115\">is reported as one segment </span><span class=\"S1C7E SC8 S2\" id=\"t1q_115\">but speci\ufb01ed on three operating </span><span class=\"S1C7F SC8 S2\" id=\"t1r_115\">segments. These are: </span><span class=\"S1C80 SC8 S2\" id=\"t1s_115\">(1) the North Norway region, </span><span class=\"S1C81 SC8 S2\" id=\"t1t_115\">comprising the Ler\u00f8y Aurora AS </span><span class=\"S1C82 SC8 S2\" id=\"t1u_115\">and Ler\u00f8y Aurora 2 AS </span><span class=\"S1C83 SC8 S2\" id=\"t1v_115\">(2) the Central Norway region, </span><span class=\"S1C84 SC8 S2\" id=\"t1w_115\">comprising Ler\u00f8y Midt AS and </span><span class=\"S1C85 SC8 S2\" id=\"t1x_115\">Ler\u00f8y Midt 2 AS </span><span class=\"S1C86 SC8 S2\" id=\"t1y_115\">(3) the West Norway region (also </span><span class=\"S1C87 SC8 S2\" id=\"t1z_115\">known as Ler\u00f8y Sj\u00f8troll), </span><span class=\"S1C88 SC8 S2\" id=\"t20_115\">comprising Ler\u00f8y Vest AS, Ler\u00f8y </span><span class=\"S1C89 SC8 S2\" id=\"t21_115\">Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S1C8A SC8 S2\" id=\"t22_115\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll </span><span class=\"S1C8B SC8 S2\" id=\"t23_115\">Havbruk 2 AS, Ler\u00f8y Kj\u00e6relva AS, </span><span class=\"S1C8C SC8 S2\" id=\"t24_115\">Ler\u00f8y \u00c5rskog AS, Norsk </span><span class=\"S1C8D SC8 S2\" id=\"t25_115\">Oppdrettsservice AS and Ler\u00f8y </span><span class=\"S1C8E SC8 S2\" id=\"t26_115\">Ocean Harvest AS. </span><span class=\"S1C8F SC8 S2\" id=\"t27_115\">These units all operate in the same </span><span class=\"S1C90 SC8 S2\" id=\"t28_115\">branch, have the same customers, </span><span class=\"S1C91 SC8 S2\" id=\"t29_115\">similar commercial risk and similar </span><span class=\"S1C92 SC8 S2\" id=\"t2a_115\">processes. Their only distinguishing </span><span class=\"S1C93 SC8 S2\" id=\"t2b_115\">factor is geography. It has therefore </span><span class=\"S1C94 SC8 S2\" id=\"t2c_115\">been deemed appropriate to merge </span><span class=\"S1C95 SC8 S2\" id=\"t2d_115\">these into one operating segment. </span><span class=\"S1C96 S109 S2\" id=\"t2e_115\">Value-added Processing (VAP)</span><span class=\"S1C97 SC7 S2\" id=\"t2f_115\">, sales </span><span class=\"S1C98 SC7 S2\" id=\"t2g_115\">and distribution </span><span class=\"S1C99 SC8 S2\" id=\"t2h_115\">is the third segment. </span><span class=\"S1C9A SC8 S2\" id=\"t2i_115\">This segment comprises several sub- </span><span class=\"S1C9B SC8 S2\" id=\"t2j_115\">groups and individual entities. These </span><span class=\"S1C9C SC8 S2\" id=\"t2k_115\">are merged into one reporting </span><span class=\"S1C9D SC8 S2\" id=\"t2l_115\">segment due to similarities such as </span><span class=\"S1C9E SC8 S2\" id=\"t2m_115\">same branch, commercial risk and </span><span class=\"S1C9F SC8 S2\" id=\"t2n_115\">uniform processes. </span><span class=\"S1CA0 SC8 S2\" id=\"t2o_115\">The Norwegian units are: Ler\u00f8y </span><span class=\"S1CA1 SC8 S2\" id=\"t2p_115\">Seafood AS, Ler\u00f8y Fossen AS, Ler\u00f8y </span><span class=\"S1CA2 SC8 S2\" id=\"t2q_115\">Bulandet AS, Ler\u00f8y Sj\u00f8matgruppen </span><span class=\"S1CA3 SC8 S2\" id=\"t2r_115\">AS, Ler\u00f8y Norge AS, Sirev\u00e5g AS, Ler\u00f8y </span><span class=\"S1CA4 SC8 S2\" id=\"t2s_115\">Nord AS, Drag\u00f8y Grossist AS, </span><span class=\"S1CA5 SC8 S2\" id=\"t2t_115\">Sj\u00f8mathuset AS, Ler\u00f8y Quality Group </span><span class=\"S1CA6 SC8 S2\" id=\"t2u_115\">AS, Ler\u00f8y &amp; Strudshavn AS and </span><span class=\"S1CA7 SC8 S2\" id=\"t2v_115\">Wannebo International AS. </span><span class=\"S1CA8 SC8 S2\" id=\"t2w_115\">The foreign units consist of the Dutch </span><span class=\"S1CA9 SC8 S2\" id=\"t2x_115\">sub-group Ler\u00f8y Seafood Holding B.V., </span><span class=\"S1CAA SC8 S2\" id=\"t2y_115\">that also includes Ler\u00f8y Germany </span><span class=\"S1CAB SC8 S2\" id=\"t2z_115\">GmbH, the Swedish sub-group Ler\u00f8y </span><span class=\"S1CAC SC8 S2\" id=\"t30_115\">Sverige AB, the Danish sub-group </span><span class=\"S1CAD SC8 S2\" id=\"t31_115\">Ler\u00f8y Seafood Denmark A/S, the </span><span class=\"S1CAE SC8 S2\" id=\"t32_115\">French sub-group SAS Ler\u00f8y Seafood </span><span class=\"S1CAF SC8 S2\" id=\"t33_115\">France, the Spanish sub-group Ler\u00f8y </span><span class=\"S1CB0 SC8 S2\" id=\"t34_115\">Processing Spain S.L, in addition to </span><span class=\"S1CB1 SC8 S2\" id=\"t35_115\">Ler\u00f8y Seafood USA Inc, Ler\u00f8y Portugal </span><span class=\"S1CB2 SC8 S2\" id=\"t36_115\">Lda, Ler\u00f8y Finland OY, Ler\u00f8y Turkey, </span><span class=\"S1CB3 SC8 S2\" id=\"t37_115\">Leroy Seafood Italy Srl and Ler\u00f8y </span><span class=\"S1CB4 SC8 S2\" id=\"t38_115\">Seafood UK Ltd. </span><span class=\"S1CB5 SC8 S2\" id=\"t39_115\">The Norwegian entities Ler\u00f8y Seafood </span><span class=\"S1CB6 SC8 S2\" id=\"t3a_115\">Group ASA and Preline Fishfarming </span><span class=\"S1CB7 SC8 S2\" id=\"t3b_115\">System AS are not assigned to any of </span><span class=\"S1CB8 SC8 S2\" id=\"t3c_115\">the segments. </span><span class=\"S1CB9 SC7 S2\" id=\"t3d_115\">(F) Currency </span><span class=\"S1CBA S108 S2\" id=\"t3e_115\">The consolidated \ufb01nancial statements </span><span class=\"S1CBB S108 S2\" id=\"t3f_115\">are presented in NOK, the functional </span><span class=\"S1CBC S108 S2\" id=\"t3g_115\">currency for the parent company and </span><span class=\"S1CBD S108 S2\" id=\"t3h_115\">the Norwegian subsidiaries. Cash </span><span class=\"S1CBE S108 S2\" id=\"t3i_115\">items in foreign currency are valued </span><span class=\"S1CBF S108 S2\" id=\"t3j_115\">at the respective rates of exchange </span><span class=\"S1CC0 S108 S2\" id=\"t3k_115\">at the end of the \ufb01nancial year. Gains </span><span class=\"S1CC1 S108 S2\" id=\"t3l_115\">and losses on foreign currency </span><span class=\"S1CC2 S108 S2\" id=\"t3m_115\">related to the purchase and sale of </span><span class=\"S1CC3 S108 S2\" id=\"t3n_115\">goods are presented as part of the </span><span class=\"S1CC4 S108 S2\" id=\"t3o_115\">accounting line for \"Purchases\". See </span><span class=\"S1CC5 S108 S2\" id=\"t3p_115\">also item (V) on derivatives, including </span><span class=\"S1CC6 S108 S2\" id=\"t3q_115\">currency forward contracts utilised </span><span class=\"S1CC7 S108 S2\" id=\"t3r_115\">to control currency risk. </span><span class=\"S1CC8 SC7 S2\" id=\"t3s_115\">(G) Intangible assets </span><span class=\"S1CC9 S1C40 S2\" id=\"t3t_115\">Goodwill </span><span class=\"S1CCA SC8 S2\" id=\"t3u_115\">Goodwill represents the residual value </span><span class=\"S1CCB SC8 S2\" id=\"t3v_115\">that cannot be assigned to other </span><span class=\"S1CCC SC8 S2\" id=\"t3w_115\">assets or liabilities on acquisition of </span><span class=\"S1CCD SC8 S2\" id=\"t3x_115\">a company or other assets. Deferred </span><span class=\"S1CCE SC8 S2\" id=\"t3y_115\">tax at date of acquisition on licenses </span><span class=\"S1CCF SC8 S2\" id=\"t3z_115\">with unlimited lifetime, increases </span><span class=\"S1CD0 SC8 S2\" id=\"t40_115\">goodwill. Goodwill in respect of the </span><span class=\"S1CD1 SC8 S2\" id=\"t41_115\">acquisition of subsidiaries is included </span><span class=\"S1CD2 SC8 S2\" id=\"t42_115\">in intangible assets, while goodwill in </span><span class=\"S1CD3 SC8 S2\" id=\"t43_115\">connection with the acquisition of </span><span class=\"S1CD4 SC8 S2\" id=\"t44_115\">associates is included in the item </span><span class=\"S1CD5 SC8 S2\" id=\"t45_115\">\u201cShares in associates\u201d. From each </span><span class=\"S1CD6 SC8 S2\" id=\"t46_115\">business combination goodwill is </span><span class=\"S1CD7 SC8 S2\" id=\"t47_115\">allocated to a cash generating unit </span><span class=\"S1CD8 SC8 S2\" id=\"t48_115\">(CGU). Goodwill is not amortised </span><span class=\"S1CD9 SC8 S2\" id=\"t49_115\">(after 1 January 2004), but is reviewed </span><span class=\"S1CDA SC8 S2\" id=\"t4a_115\">annually for any impairment and </span><span class=\"S1CDB SC8 S2\" id=\"t4b_115\">carried on the balance sheet at cost </span><span class=\"S1CDC SC8 S2\" id=\"t4c_115\">price less accumulated write-downs. </span><span class=\"S1CDD SC8 S2\" id=\"t4d_115\">When assessing the need to write </span><span class=\"S1CDE SC8 S2\" id=\"t4e_115\">down the value of goodwill, this is </span><span class=\"S1CDF SC8 S2\" id=\"t4f_115\">allocated to applicable cash- </span><span class=\"S1CE0 SC8 S2\" id=\"t4g_115\">generating units. </span><span class=\"S1CE1 S1C40 S2\" id=\"t4h_115\">Licences/rights </span><span class=\"S1CE2 SC8 S2\" id=\"t4i_115\">The Group\u2019s licenses can be split into </span><span class=\"S1CE3 SC8 S2\" id=\"t4j_115\">two main groups: (1) Licences related </span><span class=\"S1CE4 SC8 S2\" id=\"t4k_115\">to farming and (2) licenses related to </span><span class=\"S1CE5 SC8 S2\" id=\"t4l_115\">wild catches (\ufb01shing rights). In </span><span class=\"S1CE7 SC8 S2\" id=\"t1_116\">allocates the consideration in the </span><span class=\"S1CE8 SC8 S2\" id=\"t2_116\">contract to the lease and the non- </span><span class=\"S1CE9 SC8 S2\" id=\"t3_116\">lease components based on their </span><span class=\"S1CEA SC8 S2\" id=\"t4_116\">relative stand-alone prices. This mainly </span><span class=\"S1CEB SC8 S2\" id=\"t5_116\">applies to the Group\u2019s time charter </span><span class=\"S1CEC SC8 S2\" id=\"t6_116\">rental agreements of wellboats, where </span><span class=\"S1CED SC8 S2\" id=\"t7_116\">the service element of the contracts </span><span class=\"S1CEE SC8 S2\" id=\"t8_116\">is a signi\ufb01cant non-lease component. </span><span class=\"S1CEF SC8 S2\" id=\"t9_116\">The non-lease component is excluded </span><span class=\"S1CF0 SC8 S2\" id=\"ta_116\">from the lease accounting and </span><span class=\"S1CF1 SC8 S2\" id=\"tb_116\">expensed directly in the income </span><span class=\"S1CF2 SC8 S2\" id=\"tc_116\">statement. </span><span class=\"S1CF3 SC8 S2\" id=\"td_116\">The Group has applied the lease </span><span class=\"S1CF4 SC8 S2\" id=\"te_116\">recognition exemptions for short </span><span class=\"S1C14 SC8 S2\" id=\"tf_116\">term lease contracts and low-value </span><span class=\"S1CF5 SC8 S2\" id=\"tg_116\">assets. Short terms leases represent </span><span class=\"S1CF6 SC8 S2\" id=\"th_116\">lease agreements shorter than 12 </span><span class=\"S1CF7 SC8 S2\" id=\"ti_116\">months from the date of the contract. </span><span class=\"S1C18 SC8 S2\" id=\"tj_116\">Low value assets represent lease </span><span class=\"S1CF8 SC8 S2\" id=\"tk_116\">agreements that are lower than \ufb01fty </span><span class=\"S1CF9 SC8 S2\" id=\"tl_116\">thousand Norwegian krones. Rent </span><span class=\"S1CFA SC8 S2\" id=\"tm_116\">paid on non-recognised leases are </span><span class=\"S1CFB SC8 S2\" id=\"tn_116\">presented in the note on leases. </span><span class=\"S1CFC SC8 S2\" id=\"to_116\">The Group distinguishes between </span><span class=\"S1CFD SC8 S2\" id=\"tp_116\">leases with credit institutions and </span><span class=\"S1CFE SC8 S2\" id=\"tq_116\">leases with others. The distinction is </span><span class=\"S1CFF SC8 S2\" id=\"tr_116\">shown in note on leases. Acquisition </span><span class=\"S1D00 SC8 S2\" id=\"ts_116\">of right-of-use assets from leases with </span><span class=\"S1D01 SC8 S2\" id=\"tt_116\">credit institutions is considered to be </span><span class=\"S1D02 SC8 S2\" id=\"tu_116\">investments in new assets, while </span><span class=\"S1D03 SC8 S2\" id=\"tv_116\">acquisition of right-of-use assets from </span><span class=\"S1D04 SC8 S2\" id=\"tw_116\">others than credit institutions is not. </span><span class=\"S1D05 SC8 S2\" id=\"tx_116\">This distinction is also applied on the </span><span class=\"S1D06 SC8 S2\" id=\"ty_116\">debt side, and in the de\ufb01nition of </span><span class=\"S1D07 SC8 S2\" id=\"tz_116\">NIBD. See note on APMs for further </span><span class=\"S1D08 SC8 S2\" id=\"t10_116\">information. </span><span class=\"S1D09 SC7 S2\" id=\"t11_116\">(I) Biological assets, loss-making </span><span class=\"S1D0A SC7 S2\" id=\"t12_116\">contracts and mortality expenses </span><span class=\"S1C2C SC8 S2\" id=\"t13_116\">The Group\u2019s biological assets </span><span class=\"S1D0B SC8 S2\" id=\"t14_116\">comprise live \ufb01sh, mainly salmon and </span><span class=\"S1D0C SC8 S2\" id=\"t15_116\">trout, at all stages of the life cycle. </span><span class=\"S1C2F SC8 S2\" id=\"t16_116\">The \ufb01sh are divided into two main </span><span class=\"S1D0D SC8 S2\" id=\"t17_116\">groups, depending on the stage of </span><span class=\"S1D0E SC8 S2\" id=\"t18_116\">the life cycle. At the earliest stage of </span><span class=\"S1D0F SC8 S2\" id=\"t19_116\">the life cycle, the \ufb01sh are classi\ufb01ed in </span><span class=\"S1D10 SC8 S2\" id=\"t1a_116\">group (1) roe, fry and juvenile \ufb01sh. </span><span class=\"S1D11 SC8 S2\" id=\"t1b_116\">During this stage, the \ufb01sh are kept on </span><span class=\"S1D12 SC8 S2\" id=\"t1c_116\">shore. When the \ufb01sh are large enough </span><span class=\"S1C36 SC8 S2\" id=\"t1d_116\">for release to sea, they are classi\ufb01ed </span><span class=\"S1D13 SC8 S2\" id=\"t1e_116\">in group (2) \ufb01sh in sea. The group for </span><span class=\"S1D14 SC8 S2\" id=\"t1f_116\">\ufb01sh in sea also comprises the subgroup </span><span class=\"S1D15 SC8 S2\" id=\"t1g_116\">for parent \ufb01sh, utilized to produce </span><span class=\"S1D16 SC8 S2\" id=\"t1h_116\">roe. As this subgroup is immaterial, it </span><span class=\"S1D17 SC8 S2\" id=\"t1i_116\">is dealt with in the same way as </span><span class=\"S1D18 SC8 S2\" id=\"t1j_116\">other \ufb01sh in sea. </span><span class=\"S1D19 SC8 S2\" id=\"t1k_116\">distinguishes between time-limited </span><span class=\"S1D1A SC8 S2\" id=\"t1l_116\">water rights, which are amortised </span><span class=\"S1D1B SC8 S2\" id=\"t1m_116\">over their lifetime, and water rights </span><span class=\"S1D1C SC8 S2\" id=\"t1n_116\">with no time limit, which are not </span><span class=\"S1D1D SC8 S2\" id=\"t1o_116\">amortised but are tested annually for </span><span class=\"S1D1E SC8 S2\" id=\"t1p_116\">impairment. Other intangible assets </span><span class=\"S1D1F SC8 S2\" id=\"t1q_116\">comprise rights that are amortised </span><span class=\"S1D20 SC8 S2\" id=\"t1r_116\">over their lifetime (contractual period). </span><span class=\"S1D21 SC7 S2\" id=\"t1s_116\">(H) Fixed assets and right-of-use assets </span><span class=\"S1D22 S1C40 S2\" id=\"t1t_116\">Fixed assets </span><span class=\"S1BDC SC8 S2\" id=\"t1u_116\">Fixed assets are measured at </span><span class=\"S1D23 SC8 S2\" id=\"t1v_116\">acquisition costs less accumulated </span><span class=\"S1BDE SC8 S2\" id=\"t1w_116\">depreciation and any accumulated </span><span class=\"S1D24 SC8 S2\" id=\"t1x_116\">impairment loss. The depreciation on </span><span class=\"S1D25 SC8 S2\" id=\"t1y_116\">\ufb01xed assets is allocated linearly over </span><span class=\"S1D26 SC8 S2\" id=\"t1z_116\">estimated useful life (depreciation </span><span class=\"S1D27 SC8 S2\" id=\"t20_116\">period). Signi\ufb01cant parts of \ufb01xed </span><span class=\"S1D28 SC8 S2\" id=\"t21_116\">assets that have different depreciation </span><span class=\"S1D29 SC8 S2\" id=\"t22_116\">periods are decomposed and </span><span class=\"S1D2A SC8 S2\" id=\"t23_116\">depreciated separately. The estimated </span><span class=\"S1D2B SC8 S2\" id=\"t24_116\">average useful life of \ufb01xed assets, </span><span class=\"S1D2C SC8 S2\" id=\"t25_116\">when decomposed, is estimated as: </span><span class=\"S1D2D S1D8A S2\" id=\"t26_116\">\u2022 </span><span class=\"S1D2E S7D7 S2\" id=\"t27_116\">Land: </span><span class=\"S1D2F S1D8A S2\" id=\"t28_116\">Lasting value </span><span class=\"S1D30 S1D8A S2\" id=\"t29_116\">\u2022 </span><span class=\"S1D31 S7D7 S2\" id=\"t2a_116\">Buildings and real estate: </span><span class=\"S1D32 S1D8A S2\" id=\"t2b_116\">20-25 years </span><span class=\"S1D33 S1D8A S2\" id=\"t2c_116\">\u2022 </span><span class=\"S1D34 S7D7 S2\" id=\"t2d_116\">Machinery and production </span><span class=\"S1D35 S7D7 S2\" id=\"t2e_116\">equipment: </span><span class=\"S1D36 S1D8A S2\" id=\"t2f_116\">5-15 years </span><span class=\"S1D37 S1D8A S2\" id=\"t2g_116\">\u2022 </span><span class=\"S1D38 S7D7 S2\" id=\"t2h_116\">Vessels: </span><span class=\"S1D39 S1D8A S2\" id=\"t2i_116\">25 years </span><span class=\"S1D3A S1D8A S2\" id=\"t2j_116\">\u2022 </span><span class=\"S1D3B S7D7 S2\" id=\"t2k_116\">Fixtures and other equipment etc. </span><span class=\"S1D3C S1D8A S2\" id=\"t2l_116\">2.5-5 years </span><span class=\"S1D3D S1C40 S2\" id=\"t2m_116\">Right-of-use assets </span><span class=\"S1D3E SC8 S2\" id=\"t2n_116\">Leases are measured as the present </span><span class=\"S1D3F SC8 S2\" id=\"t2o_116\">value of the remaining lease payments, </span><span class=\"S1D40 SC8 S2\" id=\"t2p_116\">discounted using the Group\u2019s </span><span class=\"S1D41 SC8 S2\" id=\"t2q_116\">incremental borrowing rate, and </span><span class=\"S1D42 SC8 S2\" id=\"t2r_116\">recognised from the date the leasing </span><span class=\"S1D43 SC8 S2\" id=\"t2s_116\">agreement starts. Options for </span><span class=\"S1D44 SC8 S2\" id=\"t2t_116\">extension periods are included in the </span><span class=\"S1D45 SC8 S2\" id=\"t2u_116\">leasing calculation when they are </span><span class=\"S1D46 SC8 S2\" id=\"t2v_116\">reasonably certain to be exercised. </span><span class=\"S1D47 SC8 S2\" id=\"t2w_116\">At time of initial recognition, the </span><span class=\"S1D48 SC8 S2\" id=\"t2x_116\">associated right-of use asset is </span><span class=\"S1D49 SC8 S2\" id=\"t2y_116\">measured at an amount equal to the </span><span class=\"S1D4A SC8 S2\" id=\"t2z_116\">lease liability, adjusted by the amount </span><span class=\"S1D4B SC8 S2\" id=\"t30_116\">of any prepaid or accrued lease </span><span class=\"S1D4C SC8 S2\" id=\"t31_116\">payments. The right-of-use asset is </span><span class=\"S1D4D SC8 S2\" id=\"t32_116\">depreciated linearly from the </span><span class=\"S1D4E SC8 S2\" id=\"t33_116\">commencement date to the earlier of </span><span class=\"S1D4F SC8 S2\" id=\"t34_116\">the end of the useful life of the right-of- </span><span class=\"S1D50 SC8 S2\" id=\"t35_116\">use asset or the end of the lease term. </span><span class=\"S1D51 SC8 S2\" id=\"t36_116\">For contracts containing both lease </span><span class=\"S1D52 SC8 S2\" id=\"t37_116\">and non-lease components, the Group </span><span class=\"S1D53 SC8 S2\" id=\"t38_116\">addition, the Group has some </span><span class=\"S1D54 SC8 S2\" id=\"t39_116\">intellectual property rights. </span><span class=\"S1D55 SC8 S2\" id=\"t3a_116\">Licences related to farming are not </span><span class=\"S1D56 SC8 S2\" id=\"t3b_116\">amortised. Licences are carried at </span><span class=\"S1BA1 SC8 S2\" id=\"t3c_116\">cost price less any accumulated </span><span class=\"S1D57 SC8 S2\" id=\"t3d_116\">write-downs. Licences are tested </span><span class=\"S1D58 SC8 S2\" id=\"t3e_116\">annually for impairment. An overview </span><span class=\"S1D59 SC8 S2\" id=\"t3f_116\">of the different licenses involved in </span><span class=\"S1D5A SC8 S2\" id=\"t3g_116\">this operating segment, in terms of </span><span class=\"S1D5B SC8 S2\" id=\"t3h_116\">type, number and volume, is provided </span><span class=\"S1D5C SC8 S2\" id=\"t3i_116\">in the note on intangible assets. A </span><span class=\"S1D5D SC8 S2\" id=\"t3j_116\">more detailed explanation supporting </span><span class=\"S1D5E SC8 S2\" id=\"t3k_116\">the assessment that the assets have </span><span class=\"S1D5F SC8 S2\" id=\"t3l_116\">an inde\ufb01nite useful life is provided in </span><span class=\"S1D60 SC8 S2\" id=\"t3m_116\">item (X) at the end of the description </span><span class=\"S1D61 SC8 S2\" id=\"t3n_116\">of accounting policies. </span><span class=\"S1D62 SC8 S2\" id=\"t3o_116\">Fishing rights (the licenses) are valued </span><span class=\"S1D63 SC8 S2\" id=\"t3p_116\">at acquisition cost minus any </span><span class=\"S1D64 SC8 S2\" id=\"t3q_116\">accumulated amortisation and </span><span class=\"S1D65 SC8 S2\" id=\"t3r_116\">impairment loss. The licenses comprise </span><span class=\"S1D66 SC8 S2\" id=\"t3s_116\">basic quotas with no time limit and </span><span class=\"S1D67 SC8 S2\" id=\"t3t_116\">structural quotas with a time limit of </span><span class=\"S1D68 SC8 S2\" id=\"t3u_116\">20 and 25 years respectively. The </span><span class=\"S1D69 SC8 S2\" id=\"t3v_116\">structural quotas have a de\ufb01nite </span><span class=\"S1D6A SC8 S2\" id=\"t3w_116\">useful life and are amortised over the </span><span class=\"S1D6B SC8 S2\" id=\"t3x_116\">length of the structural period. The </span><span class=\"S1D6C SC8 S2\" id=\"t3y_116\">basic quotas have an inde\ufb01nite useful </span><span class=\"S1D6D SC8 S2\" id=\"t3z_116\">life and are not amortised, but they </span><span class=\"S1D6E SC8 S2\" id=\"t40_116\">are tested annually for impairment. </span><span class=\"S1D6F SC8 S2\" id=\"t41_116\">The structural quotas are amortised </span><span class=\"S1D70 SC8 S2\" id=\"t42_116\">over the remaining life of the quota </span><span class=\"S1D71 SC8 S2\" id=\"t43_116\">until the value is zero, as there is no </span><span class=\"S1D72 SC8 S2\" id=\"t44_116\">active market for the rights or any </span><span class=\"S1D73 SC8 S2\" id=\"t45_116\">commitment from a third party to </span><span class=\"S1D74 SC8 S2\" id=\"t46_116\">acquire the right once its useful life is </span><span class=\"S1D75 SC8 S2\" id=\"t47_116\">over. Pursuant to White Paper no. 21 </span><span class=\"S1D76 SC8 S2\" id=\"t48_116\">(2006-2007) (Structural policy for the </span><span class=\"S1D77 SC8 S2\" id=\"t49_116\">\ufb01shing \ufb02eet), the structural quotas </span><span class=\"S1D78 SC8 S2\" id=\"t4a_116\">with pre-speci\ufb01ed time limits after </span><span class=\"S1D79 SC8 S2\" id=\"t4b_116\">expiry of the allocation period will be </span><span class=\"S1D7A SC8 S2\" id=\"t4c_116\">redistributed among the \"cod trawler\" </span><span class=\"S1D7B SC8 S2\" id=\"t4d_116\">group of vessels, thereby becoming </span><span class=\"S1D7C SC8 S2\" id=\"t4e_116\">part of the vessels\u2019 basic quota. This </span><span class=\"S1D7D SC8 S2\" id=\"t4f_116\">implies that if a vessel has structures </span><span class=\"S1D7E SC8 S2\" id=\"t4g_116\">that are in accordance with the </span><span class=\"S1D7F SC8 S2\" id=\"t4h_116\">average for the group of vessels, a </span><span class=\"S1D80 SC8 S2\" id=\"t4i_116\">vessel will be able to maintain </span><span class=\"S1D81 SC8 S2\" id=\"t4j_116\">practically the same catch volume once </span><span class=\"S1D82 SC8 S2\" id=\"t4k_116\">the period for the structural quotas has </span><span class=\"S1D83 SC8 S2\" id=\"t4l_116\">expired. More detailed information </span><span class=\"S1D84 SC8 S2\" id=\"t4m_116\">on licenses/\ufb01shing rights is provided </span><span class=\"S1BCD SC8 S2\" id=\"t4n_116\">in note on intangible assets. </span><span class=\"S1D85 SC8 S2\" id=\"t4o_116\">The major share of other intangible </span><span class=\"S1D86 SC8 S2\" id=\"t4p_116\">assets comprises water rights within </span><span class=\"S1D87 SC8 S2\" id=\"t4q_116\">farming (smolt production). The Group </span><span class=\"S1D8B SC8 S2\" id=\"t1_117\">Estimated biomass (volume) is based </span><span class=\"S1D8C SC8 S2\" id=\"t2_117\">on the actual number of individuals </span><span class=\"S1D8D SC8 S2\" id=\"t3_117\">in the sea on the balance sheet date, </span><span class=\"S1D8E SC8 S2\" id=\"t4_117\">adjusted to cover projected mortality </span><span class=\"S1D8F SC8 S2\" id=\"t5_117\">up to harvest date and multiplied by </span><span class=\"S1D90 SC8 S2\" id=\"t6_117\">the estimated weight per individual at </span><span class=\"S1D91 SC8 S2\" id=\"t7_117\">the time of harvest. The measurement </span><span class=\"S1D92 SC8 S2\" id=\"t8_117\">unit is the individual \ufb01sh. However, for </span><span class=\"S1D93 SC8 S2\" id=\"t9_117\">practical reasons, these estimates are </span><span class=\"S1D94 SC8 S2\" id=\"ta_117\">carried out per locality. The live weight </span><span class=\"S1D95 SC8 S2\" id=\"tb_117\">of \ufb01sh in the sea is translated to </span><span class=\"S1D96 SC8 S2\" id=\"tc_117\">gutted weight in order to arrive at the </span><span class=\"S1D97 SC8 S2\" id=\"td_117\">same measurement unit as for pricing. </span><span class=\"S1CBC SC8 S2\" id=\"te_117\">Pricing is based on the Fish Pool </span><span class=\"S1D98 SC8 S2\" id=\"tf_117\">forward prices. The reason for this is </span><span class=\"S1D99 SC8 S2\" id=\"tg_117\">that the observable forward prices </span><span class=\"S1D9A SC8 S2\" id=\"th_117\">at Fish Pool are recognised as the </span><span class=\"S1D9B SC8 S2\" id=\"ti_117\">best approach to a hypothetical price </span><span class=\"S1D9C SC8 S2\" id=\"tj_117\">of salmon. The volume of trout sales </span><span class=\"S1D9D SC8 S2\" id=\"tk_117\">in Norway is signi\ufb01cantly lower, and </span><span class=\"S1D9E SC8 S2\" id=\"tl_117\">there are no corresponding </span><span class=\"S1D9F SC8 S2\" id=\"tm_117\">observable market prices. Historically, </span><span class=\"S1DA0 SC8 S2\" id=\"tn_117\">however, trout prices have been </span><span class=\"S1DA1 SC8 S2\" id=\"to_117\">closely correlated to salmon prices. </span><span class=\"S1DA2 SC8 S2\" id=\"tp_117\">The forward prices for salmon are </span><span class=\"S1DA3 SC8 S2\" id=\"tq_117\">therefore applied as a starting point </span><span class=\"S1DA4 SC8 S2\" id=\"tr_117\">for estimates of the fair value of trout. </span><span class=\"S1DA5 SC8 S2\" id=\"ts_117\">The forward price for the month in </span><span class=\"S1DA6 SC8 S2\" id=\"tt_117\">which the \ufb01sh is expected to be </span><span class=\"S1DA7 SC8 S2\" id=\"tu_117\">harvested is applied in order to </span><span class=\"S1DA8 SC8 S2\" id=\"tv_117\">estimate cash \ufb02ow. The price stipulated </span><span class=\"S1DA9 SC8 S2\" id=\"tw_117\">by Fish Pool is adjusted to take into </span><span class=\"S1DAA SC8 S2\" id=\"tx_117\">account export costs and clearing </span><span class=\"S1DAB SC8 S2\" id=\"ty_117\">costs, and represents the reference </span><span class=\"S1DAC SC8 S2\" id=\"tz_117\">price. This price is then adjusted to </span><span class=\"S1DAD SC8 S2\" id=\"t10_117\">account for estimated harvest cost </span><span class=\"S1DAE SC8 S2\" id=\"t11_117\">(well boat, slaughter and boxing) </span><span class=\"S1DAF SC8 S2\" id=\"t12_117\">and transport to Oslo. Adjustments </span><span class=\"S1DB0 SC8 S2\" id=\"t13_117\">are also made for any estimated </span><span class=\"S1DB1 SC8 S2\" id=\"t14_117\">differences in size and quality. The </span><span class=\"S1DB2 SC8 S2\" id=\"t15_117\">adjustments to the reference price </span><span class=\"S1DB3 SC8 S2\" id=\"t16_117\">are made per locality. Joint regional </span><span class=\"S1DB4 SC8 S2\" id=\"t17_117\">parameters are applied, unless </span><span class=\"S1DB5 SC8 S2\" id=\"t18_117\">factors speci\ufb01c to an individual </span><span class=\"S1DB6 SC8 S2\" id=\"t19_117\">locality require otherwise. </span><span class=\"S1DB7 SC8 S2\" id=\"t1a_117\">Changes to estimated fair value for </span><span class=\"S1DB8 SC8 S2\" id=\"t1b_117\">biological assets, according to IAS 41, </span><span class=\"S1DB9 SC8 S2\" id=\"t1c_117\">are recorded through pro\ufb01t or loss and </span><span class=\"S1DBA SC8 S2\" id=\"t1d_117\">presented on the line for fair value </span><span class=\"S1DBB SC8 S2\" id=\"t1e_117\">adjustments related to biological </span><span class=\"S1DBC SC8 S2\" id=\"t1f_117\">assets. The accounting line for fair </span><span class=\"S1DBD SC8 S2\" id=\"t1g_117\">value adjustments related to biological </span><span class=\"S1DBE SC8 S2\" id=\"t1h_117\">assets in the income statement </span><span class=\"S1DBF SC8 S2\" id=\"t1i_117\">comprises three elements; (1) change </span><span class=\"S1DC0 SC8 S2\" id=\"t1j_117\">in fair value adjustment of stock of </span><span class=\"S1DC1 SC8 S2\" id=\"t1k_117\">\ufb01sh in sea, (2) change in fair value of </span><span class=\"S1DC2 SC8 S2\" id=\"t1l_117\">recalculation factor from gutted weight </span><span class=\"S1DC3 SC8 S2\" id=\"t1m_117\">to live weight, see note on biological </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_117\">assets. As of 31.12 this corresponds to </span><span class=\"S1DC5 SC8 S2\" id=\"t1o_117\">a live weight of 4.65 kg for salmon and </span><span class=\"S1DC6 SC8 S2\" id=\"t1p_117\">4.76 kg for trout. Fish with a live weight </span><span class=\"S1DC7 SC8 S2\" id=\"t1q_117\">equal to this or more, are classi\ufb01ed </span><span class=\"S1DC8 SC8 S2\" id=\"t1r_117\">as ready for slaughter (mature \ufb01sh), </span><span class=\"S1DC9 SC8 S2\" id=\"t1s_117\">while \ufb01sh that have still not achieved </span><span class=\"S1DCA SC8 S2\" id=\"t1t_117\">this weight are classi\ufb01ed as not ready </span><span class=\"S1DCB SC8 S2\" id=\"t1u_117\">for harvest (immature \ufb01sh). For \ufb01sh </span><span class=\"S1DCC SC8 S2\" id=\"t1v_117\">ready for harvest, the highest and </span><span class=\"S1DCD SC8 S2\" id=\"t1w_117\">best use is de\ufb01ned as harvesting and </span><span class=\"S1DCE SC8 S2\" id=\"t1x_117\">selling the \ufb01sh as quickly as possible </span><span class=\"S1DCF SC8 S2\" id=\"t1y_117\">in the month following the balance </span><span class=\"S1DD0 SC8 S2\" id=\"t1z_117\">sheet date. For \ufb01sh not yet ready for </span><span class=\"S1DD1 SC8 S2\" id=\"t20_117\">harvest, the highest and best use is </span><span class=\"S1DD2 SC8 S2\" id=\"t21_117\">in principle de\ufb01ned as growing the </span><span class=\"S1DD3 SC8 S2\" id=\"t22_117\">\ufb01sh to optimal weight for harvest, </span><span class=\"S1DD4 SC8 S2\" id=\"t23_117\">then harvesting and selling the \ufb01sh. </span><span class=\"S1DD5 SC8 S2\" id=\"t24_117\">The harvest date applied in the </span><span class=\"S1DD6 SC8 S2\" id=\"t25_117\">valuation may however be brought </span><span class=\"S1DD7 SC8 S2\" id=\"t26_117\">forward if required by situations at a </span><span class=\"S1DD8 SC8 S2\" id=\"t27_117\">speci\ufb01c locality. Such situations may </span><span class=\"S1DD9 SC8 S2\" id=\"t28_117\">involve biological challenges </span><span class=\"S1DDA SC8 S2\" id=\"t29_117\">(disease, salmon lice infestation etc.). </span><span class=\"S1DDB SC8 S2\" id=\"t2a_117\">The cash \ufb02ow-based present value </span><span class=\"S1DDC SC8 S2\" id=\"t2b_117\">model does not rely on historical and </span><span class=\"S1DDD SC8 S2\" id=\"t2c_117\">company-speci\ufb01c factors. On a </span><span class=\"S1DDE SC8 S2\" id=\"t2d_117\">hypothetical market with perfect </span><span class=\"S1DDF SC8 S2\" id=\"t2e_117\">competition, a hypothetical buyer of </span><span class=\"S1DE0 SC8 S2\" id=\"t2f_117\">live \ufb01sh would be willing to pay as a </span><span class=\"S1DE1 SC8 S2\" id=\"t2g_117\">maximum the present value of the </span><span class=\"S1DE2 SC8 S2\" id=\"t2h_117\">estimated future pro\ufb01t from the sale </span><span class=\"S1DE3 SC8 S2\" id=\"t2i_117\">of the \ufb01sh when it is ready for harvest. </span><span class=\"S1DE4 SC8 S2\" id=\"t2j_117\">The estimated future pro\ufb01t, taking </span><span class=\"S1DE5 SC8 S2\" id=\"t2k_117\">into account all price adjustments </span><span class=\"S1DE6 SC8 S2\" id=\"t2l_117\">and payable fees for completion, </span><span class=\"S1DE7 SC8 S2\" id=\"t2m_117\">constitutes the cash \ufb02ow. </span><span class=\"S1DE8 SC8 S2\" id=\"t2n_117\">Incoming cash \ufb02ow is calculated as a </span><span class=\"S1DE9 SC8 S2\" id=\"t2o_117\">function of estimated volume </span><span class=\"S1DEA SC8 S2\" id=\"t2p_117\">multiplied by estimated price. For </span><span class=\"S1DEB SC8 S2\" id=\"t2q_117\">\ufb01sh not ready for harvest, a deduction </span><span class=\"S1DEC SC8 S2\" id=\"t2r_117\">is made to cover estimated residual </span><span class=\"S1DED SC8 S2\" id=\"t2s_117\">costs to grow the \ufb01sh to the optimal </span><span class=\"S1DEE SC8 S2\" id=\"t2t_117\">weight for harvest. The cash \ufb02ow is </span><span class=\"S1DEF SC8 S2\" id=\"t2u_117\">discounted monthly by a discount rate. </span><span class=\"S1DF0 SC8 S2\" id=\"t2v_117\">The discount rate comprises three main </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_117\">components: (1) the risk of incidents </span><span class=\"S1DF2 SC8 S2\" id=\"t2x_117\">that have an effect on cash \ufb02ow, (2) </span><span class=\"S1DF3 SC8 S2\" id=\"t2y_117\">hypothetical license lease and (3) the </span><span class=\"S1DF4 SC8 S2\" id=\"t2z_117\">time value of money. Please refer to </span><span class=\"S1DF5 SC8 S2\" id=\"t30_117\">the note on signi\ufb01cant accounting </span><span class=\"S1DF6 SC8 S2\" id=\"t31_117\">estimates and assessments for more </span><span class=\"S1DF7 SC8 S2\" id=\"t32_117\">detailed information on discounts, </span><span class=\"S1DF8 SC8 S2\" id=\"t33_117\">and sensitivity analysis. </span><span class=\"S1DF9 SC8 S2\" id=\"t34_117\">The stock of \ufb01sh, in addition to salmon </span><span class=\"S1DFA SC8 S2\" id=\"t35_117\">and trout, also comprises cleaner \ufb01sh. </span><span class=\"S1DFB SC8 S2\" id=\"t36_117\">This species of \ufb01sh is utilized during </span><span class=\"S1DFC SC8 S2\" id=\"t37_117\">production of salmon and trout as a </span><span class=\"S1C44 SC8 S2\" id=\"t38_117\">means of eliminating salmon lice. </span><span class=\"S1DFD SC8 S2\" id=\"t39_117\">Despite the signi\ufb01cant number of </span><span class=\"S1DFE SC8 S2\" id=\"t3a_117\">cleaner \ufb01sh produced by the Group, </span><span class=\"S1DFF SC8 S2\" id=\"t3b_117\">both the volume and value of this </span><span class=\"S1E00 SC8 S2\" id=\"t3c_117\">species are relatively low and are </span><span class=\"S1E01 SC8 S2\" id=\"t3d_117\">immaterial for the consolidated </span><span class=\"S1E02 SC8 S2\" id=\"t3e_117\">\ufb01nancial statements. To simplify </span><span class=\"S1E03 SC8 S2\" id=\"t3f_117\">accounting, this species is therefore </span><span class=\"S1E04 SC8 S2\" id=\"t3g_117\">grouped with roe, fry and juvenile \ufb01sh. </span><span class=\"S1E05 SC8 S2\" id=\"t3h_117\">Biological assets are regulated by </span><span class=\"S1E06 SC8 S2\" id=\"t3i_117\">IAS 41 Agriculture. The main rule is that </span><span class=\"S1E07 SC8 S2\" id=\"t3j_117\">biological assets shall be measured </span><span class=\"S1E08 SC8 S2\" id=\"t3k_117\">at fair value minus sales costs unless </span><span class=\"S1E09 SC8 S2\" id=\"t3l_117\">fair value cannot be reliably measured. </span><span class=\"S1E0A SC8 S2\" id=\"t3m_117\">Measurement of fair value is regulated </span><span class=\"S1E0B SC8 S2\" id=\"t3n_117\">by IFRS 13. \u2018Fair value\u2019 refers to the price </span><span class=\"S1E0C SC8 S2\" id=\"t3o_117\">that would have been achieved on sale </span><span class=\"S1E0D SC8 S2\" id=\"t3p_117\">of the asset in an orderly transaction </span><span class=\"S1E0E SC8 S2\" id=\"t3q_117\">between market participants at the </span><span class=\"S1E0F SC8 S2\" id=\"t3r_117\">measurement date under the </span><span class=\"S1E10 SC8 S2\" id=\"t3s_117\">prevailing market conditions. </span><span class=\"S1E11 SC8 S2\" id=\"t3t_117\">For roe, fry and juvenile \ufb01sh, in addition </span><span class=\"S1E12 SC8 S2\" id=\"t3u_117\">to cleaner \ufb01sh, historical cost is </span><span class=\"S1E13 SC8 S2\" id=\"t3v_117\">deemed a reasonable approach to </span><span class=\"S1E14 SC8 S2\" id=\"t3w_117\">fair value, as there is little biological </span><span class=\"S1E15 SC8 S2\" id=\"t3x_117\">transformation (IAS 41.24). This </span><span class=\"S1E16 SC8 S2\" id=\"t3y_117\">assessment must be seen in light of </span><span class=\"S1E17 SC8 S2\" id=\"t3z_117\">the fact that smolt are currently </span><span class=\"S1E18 SC8 S2\" id=\"t40_117\">released to sea at a stage when their </span><span class=\"S1E19 SC8 S2\" id=\"t41_117\">weight is still relatively low. At the </span><span class=\"S1E1A SC8 S2\" id=\"t42_117\">same time, this group still comprises a </span><span class=\"S1E1B SC8 S2\" id=\"t43_117\">limited share of the Group\u2019s biological </span><span class=\"S1E1C SC8 S2\" id=\"t44_117\">assets measured in terms of both </span><span class=\"S1E1D SC8 S2\" id=\"t45_117\">volume and value. If changes emerge </span><span class=\"S1E1E SC8 S2\" id=\"t46_117\">in the future implying that the smolt </span><span class=\"S1E1F SC8 S2\" id=\"t47_117\">produced are signi\ufb01cantly larger when </span><span class=\"S1E20 SC8 S2\" id=\"t48_117\">released to sea, a new assessment </span><span class=\"S1E21 SC8 S2\" id=\"t49_117\">will be required. </span><span class=\"S1E22 SC8 S2\" id=\"t4a_117\">For </span><span class=\"S1E23 S1E31 S2\" id=\"t4b_117\">\ufb01sh in sea</span><span class=\"S1E24 SC8 S2\" id=\"t4c_117\">, the fair value is </span><span class=\"S1E25 SC8 S2\" id=\"t4d_117\">calculated by applying a cash \ufb02ow </span><span class=\"S1E26 SC8 S2\" id=\"t4e_117\">based present value model at level </span><span class=\"S1E27 SC8 S2\" id=\"t4f_117\">three in the fair value hierarchy in </span><span class=\"S1E28 SC8 S2\" id=\"t4g_117\">IFRS 13. In line with IFRS 13, the highest </span><span class=\"S1C70 SC8 S2\" id=\"t4h_117\">and best use of the biological assets </span><span class=\"S1E29 SC8 S2\" id=\"t4i_117\">is applied for the valuation. In </span><span class=\"S1E2A SC8 S2\" id=\"t4j_117\">accordance with the principle for </span><span class=\"S1E2B SC8 S2\" id=\"t4k_117\">highest and best use, the Group </span><span class=\"S1E2C SC8 S2\" id=\"t4l_117\">considers that the \ufb01sh have optimal </span><span class=\"S1E2D SC8 S2\" id=\"t4m_117\">weight for harvest when they have a </span><span class=\"S1E2E SC8 S2\" id=\"t4n_117\">live weight corresponding to 4 kg </span><span class=\"S1E2F SC8 S2\" id=\"t4o_117\">gutted weight. For information on </span><span class=\"S1E32 SC8 S2\" id=\"t1_118\">company is eliminated. Accounting </span><span class=\"S1E33 SC8 S2\" id=\"t2_118\">policies for associates and joint </span><span class=\"S1E34 SC8 S2\" id=\"t3_118\">ventures are changed whenever </span><span class=\"S1E35 SC8 S2\" id=\"t4_118\">necessary to ensure consistency with </span><span class=\"S1C0A SC8 S2\" id=\"t5_118\">the accounting policies applied for </span><span class=\"S1C0B SC8 S2\" id=\"t6_118\">the Group (IFRS). </span><span class=\"S1E36 SC7 S2\" id=\"t7_118\">(M) Liquid assets </span><span class=\"S1E37 SC8 S2\" id=\"t8_118\">Liquid assets consist of cash in hand </span><span class=\"S1CF0 SC8 S2\" id=\"t9_118\">and bank deposits and are valued at </span><span class=\"S1E38 SC8 S2\" id=\"ta_118\">the exchange rates on the balance </span><span class=\"S1E39 SC8 S2\" id=\"tb_118\">sheet date. In the Cash Flow Statement </span><span class=\"S1E3A SC8 S2\" id=\"tc_118\">it is speci\ufb01ed how much that is </span><span class=\"S1E3B SC8 S2\" id=\"td_118\">restricted funds. </span><span class=\"S1E3C SC7 S2\" id=\"te_118\">N) Pensions </span><span class=\"S1E3D SC8 S2\" id=\"tf_118\">The Group mainly has de\ufb01ned </span><span class=\"S1E3E SC8 S2\" id=\"tg_118\">contribution plans, but also a few </span><span class=\"S1E3F SC8 S2\" id=\"th_118\">remaining de\ufb01ned bene\ufb01t plans that </span><span class=\"S1E40 SC8 S2\" id=\"ti_118\">are now closed. In general, the pension </span><span class=\"S1E41 SC8 S2\" id=\"tj_118\">plans are \ufb01nanced via payments to </span><span class=\"S1C1A SC8 S2\" id=\"tk_118\">insurance companies or pension </span><span class=\"S1E42 SC8 S2\" id=\"tl_118\">funds based on periodical actuarial </span><span class=\"S1E43 SC8 S2\" id=\"tm_118\">calculations. </span><span class=\"S1E44 SC8 S2\" id=\"tn_118\">A de\ufb01ned contribution plan is a pension </span><span class=\"S1E45 SC8 S2\" id=\"to_118\">plan where the Group pays a \ufb01xed </span><span class=\"S1E46 SC8 S2\" id=\"tp_118\">amount to a separate legal entity. </span><span class=\"S1CFF SC8 S2\" id=\"tq_118\">The Group has no statutory or other </span><span class=\"S1E47 SC8 S2\" id=\"tr_118\">obligation to pay additional </span><span class=\"S1E48 SC8 S2\" id=\"ts_118\">contributions. </span><span class=\"S1E49 SC8 S2\" id=\"tt_118\">A de\ufb01ned bene\ufb01t pension plan is one </span><span class=\"S1E4A SC8 S2\" id=\"tu_118\">that is not contributory. A typical </span><span class=\"S1D05 SC8 S2\" id=\"tv_118\">de\ufb01ned bene\ufb01t pension plan de\ufb01nes </span><span class=\"S1E4B SC8 S2\" id=\"tw_118\">a pension payment that the employee </span><span class=\"S1E4C SC8 S2\" id=\"tx_118\">will receive upon retirement. The </span><span class=\"S1E4D SC8 S2\" id=\"ty_118\">payment is typically dependent on </span><span class=\"S1E4E SC8 S2\" id=\"tz_118\">factors such as age, number of years </span><span class=\"S1E4F SC8 S2\" id=\"t10_118\">in the company and wage level. </span><span class=\"S1E50 SC8 S2\" id=\"t11_118\">The capitalised commitment </span><span class=\"S1E51 SC8 S2\" id=\"t12_118\">associated with de\ufb01ned bene\ufb01t plans </span><span class=\"S1E52 SC8 S2\" id=\"t13_118\">is the present value of the de\ufb01ned </span><span class=\"S1E53 SC8 S2\" id=\"t14_118\">bene\ufb01ts on the balance sheet date </span><span class=\"S1D0D SC8 S2\" id=\"t15_118\">less fair value of the pension. Pension </span><span class=\"S1E54 SC8 S2\" id=\"t16_118\">liability is calculated annually by an </span><span class=\"S1E55 SC8 S2\" id=\"t17_118\">independent actuary according to </span><span class=\"S1E56 SC8 S2\" id=\"t18_118\">the straight-line accrual method. The </span><span class=\"S1E57 SC8 S2\" id=\"t19_118\">present value of de\ufb01ned bene\ufb01ts is </span><span class=\"S1E58 SC8 S2\" id=\"t1a_118\">found by discounting estimated future </span><span class=\"S1E59 SC8 S2\" id=\"t1b_118\">payments by the interest rate on a </span><span class=\"S1E5A SC8 S2\" id=\"t1c_118\">bond issued by a company with a high </span><span class=\"S1E5B SC8 S2\" id=\"t1d_118\">credit rating in the same currency as </span><span class=\"S1E5C SC8 S2\" id=\"t1e_118\">the bene\ufb01ts will be paid, and with a </span><span class=\"S1C39 SC8 S2\" id=\"t1f_118\">maturity approximately equal to the </span><span class=\"S1E5D SC8 S2\" id=\"t1g_118\">duration of the associated pension </span><span class=\"S1E5E SC8 S2\" id=\"t1h_118\">liability. In countries that do not have </span><span class=\"S1D53 SC8 S2\" id=\"t1i_118\">onerous contracts and (3) change in </span><span class=\"S1E5F SC8 S2\" id=\"t1j_118\">fair value of unrealised gain/loss </span><span class=\"S1E60 SC8 S2\" id=\"t1k_118\">related to \ufb01nancial purchase and </span><span class=\"S1E61 SC8 S2\" id=\"t1l_118\">sale contracts for \ufb01sh in Fish Pool, </span><span class=\"S1E62 SC8 S2\" id=\"t1m_118\">recognised as value-hedges. </span><span class=\"S1E63 SC8 S2\" id=\"t1n_118\">Onerous contracts are contracts where </span><span class=\"S1E64 SC8 S2\" id=\"t1o_118\">the expenses of ful\ufb01lling the contracts </span><span class=\"S1E65 SC8 S2\" id=\"t1p_118\">are higher than the economic yield the </span><span class=\"S1E66 SC8 S2\" id=\"t1q_118\">company expects to gain by ful\ufb01lling </span><span class=\"S1E67 SC8 S2\" id=\"t1r_118\">the contracts. The Group enters into </span><span class=\"S1BA7 SC8 S2\" id=\"t1s_118\">contracts related to future deliveries </span><span class=\"S1E68 SC8 S2\" id=\"t1t_118\">of salmon and trout. As biological </span><span class=\"S1E69 SC8 S2\" id=\"t1u_118\">assets are recognised at fair value, </span><span class=\"S1E6A SC8 S2\" id=\"t1v_118\">this fair value will be included in the </span><span class=\"S1E6B SC8 S2\" id=\"t1w_118\">estimated expenses required to ful\ufb01l </span><span class=\"S1E6C SC8 S2\" id=\"t1x_118\">the contract. As a result, physical </span><span class=\"S1E6D SC8 S2\" id=\"t1y_118\">delivery contracts where the </span><span class=\"S1E6E SC8 S2\" id=\"t1z_118\">contractual price is lower than the price </span><span class=\"S1E6F SC8 S2\" id=\"t20_118\">on which fair value estimation of the </span><span class=\"S1BAF SC8 S2\" id=\"t21_118\">biological assets was based will be </span><span class=\"S1E70 SC8 S2\" id=\"t22_118\">de\ufb01ned as onerous contracts according </span><span class=\"S1D66 SC8 S2\" id=\"t23_118\">to IAS 37, even if the contractual price </span><span class=\"S1E71 SC8 S2\" id=\"t24_118\">is higher than the production costs </span><span class=\"S1E72 SC8 S2\" id=\"t25_118\">for the products. The provision is </span><span class=\"S1E73 SC8 S2\" id=\"t26_118\">classi\ufb01ed as other short-term debt. </span><span class=\"S1E74 SC8 S2\" id=\"t27_118\">As the \ufb01nancial statements also </span><span class=\"S1E75 SC8 S2\" id=\"t28_118\">present production costs for the stock </span><span class=\"S1E76 SC8 S2\" id=\"t29_118\">of live \ufb01sh, the reporting of mortality </span><span class=\"S1E77 SC8 S2\" id=\"t2a_118\">is of signi\ufb01cance. Costs related to </span><span class=\"S1E78 SC8 S2\" id=\"t2b_118\">abnormal mortality are immediately </span><span class=\"S1E79 SC8 S2\" id=\"t2c_118\">recognised through pro\ufb01t or loss and </span><span class=\"S1E7A SC8 S2\" id=\"t2d_118\">presented on the line for changes in </span><span class=\"S1D72 SC8 S2\" id=\"t2e_118\">inventory, while normal waste is </span><span class=\"S1E7B SC8 S2\" id=\"t2f_118\">classi\ufb01ed as part of production costs. </span><span class=\"S1E7C SC8 S2\" id=\"t2g_118\">Fair value of biological assets is not </span><span class=\"S1E7D SC8 S2\" id=\"t2h_118\">affected by the principle for reporting </span><span class=\"S1E7E SC8 S2\" id=\"t2i_118\">mortality costs. The extent to which </span><span class=\"S1E7F SC8 S2\" id=\"t2j_118\">mortality is normal or abnormal </span><span class=\"S1E80 SC8 S2\" id=\"t2k_118\">requires assessment. The Group makes </span><span class=\"S1E81 SC8 S2\" id=\"t2l_118\">use of a common indicator and </span><span class=\"S1E82 SC8 S2\" id=\"t2m_118\">threshold for all farming units. If in one </span><span class=\"S1D7B SC8 S2\" id=\"t2n_118\">month mortality at a locality exceeds </span><span class=\"S1E83 SC8 S2\" id=\"t2o_118\">1.5% of the incoming number of \ufb01sh at </span><span class=\"S1E84 SC8 S2\" id=\"t2p_118\">the locality, this is classi\ufb01ed as an </span><span class=\"S1E85 SC8 S2\" id=\"t2q_118\">indication of abnormal mortality. </span><span class=\"S1E86 SC8 S2\" id=\"t2r_118\">A more detailed assessment is then </span><span class=\"S1E87 SC8 S2\" id=\"t2s_118\">carried out to establish whether </span><span class=\"S1E88 SC8 S2\" id=\"t2t_118\">mortality is abnormal. These </span><span class=\"S1E89 SC8 S2\" id=\"t2u_118\">assessments take into account the </span><span class=\"S1E8A SC8 S2\" id=\"t2v_118\">cause of mortality and the size of the </span><span class=\"S1E8B SC8 S2\" id=\"t2w_118\">\ufb01sh. Please refer to the note on </span><span class=\"S1E8C SC8 S2\" id=\"t2x_118\">biological assets for a more detailed </span><span class=\"S1E8D SC8 S2\" id=\"t2y_118\">description of mortality costs and </span><span class=\"S1E8E SC8 S2\" id=\"t2z_118\">incidents that have caused abnormal </span><span class=\"S1E8F SC8 S2\" id=\"t30_118\">mortality. </span><span class=\"S1E90 SC7 S2\" id=\"t31_118\">(J) Inventory </span><span class=\"S1E91 SC8 S2\" id=\"t32_118\">Inventories of purchased goods are </span><span class=\"S1E92 SC8 S2\" id=\"t33_118\">valued at the lower of acquisition cost </span><span class=\"S1E93 SC8 S2\" id=\"t34_118\">and estimated sales value less sales </span><span class=\"S1E94 SC8 S2\" id=\"t35_118\">costs. In-house-produced \ufb01nished </span><span class=\"S1E95 SC8 S2\" id=\"t36_118\">goods and semi-\ufb01nished goods are </span><span class=\"S1D1F SC8 S2\" id=\"t37_118\">valued at full production cost. Write- </span><span class=\"S1E96 SC8 S2\" id=\"t38_118\">downs are made for quanti\ufb01able </span><span class=\"S1E97 SC8 S2\" id=\"t39_118\">obsolescence. </span><span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span><span class=\"S1EA5 SC7 S2\" id=\"t3p_118\">(L) Associates and joint ventures </span><span class=\"S1EA6 SC8 S2\" id=\"t3q_118\">Associates are units where the Group </span><span class=\"S1EA7 SC8 S2\" id=\"t3r_118\">has signi\ufb01cant in\ufb02uence but not </span><span class=\"S1EA8 SC8 S2\" id=\"t3s_118\">control, normally between 20% and </span><span class=\"S1EA9 SC8 S2\" id=\"t3t_118\">50% of voting equity. Joint ventures </span><span class=\"S1EAA SC8 S2\" id=\"t3u_118\">are investments in companies where </span><span class=\"S1EAB SC8 S2\" id=\"t3v_118\">the Group has control together with </span><span class=\"S1EAC SC8 S2\" id=\"t3w_118\">other parties. Cooperation is based on </span><span class=\"S1EAD SC8 S2\" id=\"t3x_118\">a contractual agreement governing </span><span class=\"S1EAE SC8 S2\" id=\"t3y_118\">central cooperative factors. </span><span class=\"S1EAF SC8 S2\" id=\"t3z_118\">Investments in associates and joint </span><span class=\"S1EB0 SC8 S2\" id=\"t40_118\">ventures are recognised according to </span><span class=\"S1EB1 SC8 S2\" id=\"t41_118\">the equity method. The investment is </span><span class=\"S1EB2 SC8 S2\" id=\"t42_118\">capitalised at acquisition cost at the </span><span class=\"S1EB3 SC8 S2\" id=\"t43_118\">time of purchase. The Group\u2019s share </span><span class=\"S1BF7 SC8 S2\" id=\"t44_118\">of the pro\ufb01t/loss after tax, as well as </span><span class=\"S1EB4 SC8 S2\" id=\"t45_118\">depreciation/amortisation and </span><span class=\"S1EB5 SC8 S2\" id=\"t46_118\">write-downs of any added value, are </span><span class=\"S1EB6 SC8 S2\" id=\"t47_118\">recognised on the income statement </span><span class=\"S1EB7 SC8 S2\" id=\"t48_118\">and added to the carrying amount of </span><span class=\"S1EB8 SC8 S2\" id=\"t49_118\">the investment together with the </span><span class=\"S1EB9 SC8 S2\" id=\"t4a_118\">respective share of changes in equity </span><span class=\"S1EBA SC8 S2\" id=\"t4b_118\">not booked in the income statement, </span><span class=\"S1EBB SC8 S2\" id=\"t4c_118\">such as dividend. In the income </span><span class=\"S1EBC SC8 S2\" id=\"t4d_118\">statement, the Group\u2019s respective </span><span class=\"S1C00 SC8 S2\" id=\"t4e_118\">share of pro\ufb01t is shown as a separate </span><span class=\"S1EBD SC8 S2\" id=\"t4f_118\">\ufb01nancial item, while the assets are </span><span class=\"S1EBE SC8 S2\" id=\"t4g_118\">shown in the balance sheet as an </span><span class=\"S1EBF SC8 S2\" id=\"t4h_118\">individual non-current asset. The </span><span class=\"S1EC0 SC8 S2\" id=\"t4i_118\">Group\u2019s share of unrealised </span><span class=\"S1EC1 SC8 S2\" id=\"t4j_118\">intercompany pro\ufb01t on transactions </span><span class=\"S1EC2 SC8 S2\" id=\"t4k_118\">between the Group and the respective </span><span class=\"S1EC3 SC8 S2\" id=\"t1_119\">a liquid market for long-term bonds </span><span class=\"S1EC4 SC8 S2\" id=\"t2_119\">issued by companies with a high </span><span class=\"S1EC5 SC8 S2\" id=\"t3_119\">credit rating, the market interest rate </span><span class=\"S1EC6 SC8 S2\" id=\"t4_119\">for governmental bonds is applied. </span><span class=\"S1EC7 SC7 S2\" id=\"t5_119\">(O) Tax </span><span class=\"S1EC8 SC8 S2\" id=\"t6_119\">Tax cost in the income statement </span><span class=\"S1C47 SC8 S2\" id=\"t7_119\">includes both the tax payable for the </span><span class=\"S1EC9 SC8 S2\" id=\"t8_119\">period and changes in deferred tax. </span><span class=\"S1ECA SC8 S2\" id=\"t9_119\">Deferred tax is calculated at a rate of </span><span class=\"S1ECB SC8 S2\" id=\"ta_119\">22% (or local rates in other countries) on </span><span class=\"S1ECC SC8 S2\" id=\"tb_119\">the basis of the temporary differences </span><span class=\"S1ECD SC8 S2\" id=\"tc_119\">that exist between accounting and </span><span class=\"S1ECE SC8 S2\" id=\"td_119\">taxable values, as well as the tax loss </span><span class=\"S1ECF SC8 S2\" id=\"te_119\">carryforward at the end of the \ufb01nancial </span><span class=\"S1ED0 SC8 S2\" id=\"tf_119\">year. Temporary tax-increasing and </span><span class=\"S1ED1 SC8 S2\" id=\"tg_119\">tax-decreasing differences which </span><span class=\"S1ED2 SC8 S2\" id=\"th_119\">reverse or may reverse the \ufb01gures in </span><span class=\"S1ED3 SC8 S2\" id=\"ti_119\">the same period and within the same </span><span class=\"S1ED4 SC8 S2\" id=\"tj_119\">tax regime are offset and booked at </span><span class=\"S1C52 SC8 S2\" id=\"tk_119\">net value. </span><span class=\"S1ED5 SC8 S2\" id=\"tl_119\">Deferred tax has been calculated on </span><span class=\"S1ED6 SC8 S2\" id=\"tm_119\">the difference between taxable and </span><span class=\"S1ED7 SC8 S2\" id=\"tn_119\">accounting values of licenses. Deferred </span><span class=\"S1ED8 SC8 S2\" id=\"to_119\">tax is calculated at the nominal tax rate. </span><span class=\"S1ED9 SC7 S2\" id=\"tp_119\">(P) Interest-bearing loans and credits </span><span class=\"S1EDA SC8 S2\" id=\"tq_119\">Loans are booked at fair value when </span><span class=\"S1EDB SC8 S2\" id=\"tr_119\">the loan is paid out, less transaction </span><span class=\"S1EDC SC8 S2\" id=\"ts_119\">costs. In subsequent periods loans are </span><span class=\"S1EDD SC8 S2\" id=\"tt_119\">booked at amortised cost calculated </span><span class=\"S16FB SC8 S2\" id=\"tu_119\">by applying the effective interest rate, </span><span class=\"S1EDE SC8 S2\" id=\"tv_119\">and any differences between </span><span class=\"S1EDF SC8 S2\" id=\"tw_119\">acquisition cost and redemption value </span><span class=\"S1EE0 SC8 S2\" id=\"tx_119\">are incorporated over the loan period </span><span class=\"S1EE1 SC8 S2\" id=\"ty_119\">by using the effective interest rate </span><span class=\"S1EE2 SC8 S2\" id=\"tz_119\">method. </span><span class=\"S1EE3 SC8 S2\" id=\"t10_119\">Next year\u2019s instalments are classi\ufb01ed </span><span class=\"S1EE4 SC8 S2\" id=\"t11_119\">as short-term debt. </span><span class=\"S1EE5 SC7 S2\" id=\"t12_119\">(Q) Dividends </span><span class=\"S1EE6 SC8 S2\" id=\"t13_119\">Dividends are booked when adopted </span><span class=\"S1C6A SC8 S2\" id=\"t14_119\">by the shareholders\u2019 meeting. See </span><span class=\"S1EE7 SC8 S2\" id=\"t15_119\">also note on dividend per share. </span><span class=\"S1EE8 SC7 S2\" id=\"t16_119\">(R) Provisions and other commitments </span><span class=\"S1C6E SC8 S2\" id=\"t17_119\">Provisions are carried on the balance </span><span class=\"S1EE9 SC8 S2\" id=\"t18_119\">sheet when the Group has an existing </span><span class=\"S1EEA SC8 S2\" id=\"t19_119\">legal obligation or implied duty in </span><span class=\"S1EEB SC8 S2\" id=\"t1a_119\">consequence of an earlier event, and </span><span class=\"S1EEC SC8 S2\" id=\"t1b_119\">it is probable that a \ufb02ow of economic </span><span class=\"S1EED SC8 S2\" id=\"t1c_119\">resources from the enterprise will be </span><span class=\"S1EEE SC8 S2\" id=\"t1d_119\">required in order to ful\ufb01l such </span><span class=\"S1EEF SC8 S2\" id=\"t1e_119\">obligation. If the effect is signi\ufb01cant, </span><span class=\"S1EF0 SC8 S2\" id=\"t1f_119\">the provision is determined by </span><span class=\"S1E2F SC8 S2\" id=\"t1g_119\">discounting estimated future cash </span><span class=\"S1EF1 SC8 S2\" id=\"t1h_119\">\ufb02ows by a discounting rate before </span><span class=\"S1EF2 SC8 S2\" id=\"t1i_119\">tax, which re\ufb02ects market pricing of </span><span class=\"S1EF3 SC8 S2\" id=\"t1j_119\">the time value of money and the risks </span><span class=\"S1C7B SC8 S2\" id=\"t1k_119\">speci\ufb01cally associated with the </span><span class=\"S1EF4 SC8 S2\" id=\"t1l_119\">obligation. </span><span class=\"S1EF5 SC7 S2\" id=\"t1m_119\">(S) Share capital and share premium </span><span class=\"S1EF6 SC8 S2\" id=\"t1n_119\">Ordinary shares are classi\ufb01ed as </span><span class=\"S1EF7 SC8 S2\" id=\"t1o_119\">equity. Expenses directly associated </span><span class=\"S1EF8 SC8 S2\" id=\"t1p_119\">with issuing new shares or options, </span><span class=\"S1EF9 SC8 S2\" id=\"t1q_119\">less tax, are booked under equity as </span><span class=\"S1DCD SC8 S2\" id=\"t1r_119\">reductions in proceeds received. </span><span class=\"S1EFA SC8 S2\" id=\"t1s_119\">When buying back treasury shares, </span><span class=\"S1EFB SC8 S2\" id=\"t1t_119\">the purchase amount, inclusive of </span><span class=\"S1EFC SC8 S2\" id=\"t1u_119\">directly ascribable costs, is entered </span><span class=\"S1EFD SC8 S2\" id=\"t1v_119\">as a change in equity. Treasury shares </span><span class=\"S1EFE SC8 S2\" id=\"t1w_119\">are presented as a reduction in equity. </span><span class=\"S1EFF SC7 S2\" id=\"t1x_119\">(T) Statement of cash \ufb02ows </span><span class=\"S1F00 SC8 S2\" id=\"t1y_119\">The consolidated statement of cash </span><span class=\"S1F01 SC8 S2\" id=\"t1z_119\">\ufb02ows shows the total consolidated </span><span class=\"S1F02 SC8 S2\" id=\"t20_119\">cash \ufb02ows broken down by operating, </span><span class=\"S1F03 SC8 S2\" id=\"t21_119\">investing and \ufb01nancing activities. </span><span class=\"S1C8F SC8 S2\" id=\"t22_119\">Acquisitions of subsidiaries are </span><span class=\"S1F04 SC8 S2\" id=\"t23_119\">considered an investing activity. Cash </span><span class=\"S1C91 SC8 S2\" id=\"t24_119\">and cash equivalents in the company </span><span class=\"S1F05 SC8 S2\" id=\"t25_119\">acquired is deducted. The statement </span><span class=\"S1F06 SC8 S2\" id=\"t26_119\">shows how the various activities affect </span><span class=\"S1F07 SC8 S2\" id=\"t27_119\">cash reserves. For cash \ufb02ows in foreign </span><span class=\"S1F08 SC8 S2\" id=\"t28_119\">currency, the average rate of exchange </span><span class=\"S1F09 SC8 S2\" id=\"t29_119\">is used in the statement. To the extent </span><span class=\"S1F0A SC8 S2\" id=\"t2a_119\">that changes in the balance sheet </span><span class=\"S1F0B SC8 S2\" id=\"t2b_119\">\ufb01gures between \ufb01nancial years do </span><span class=\"S1F0C SC8 S2\" id=\"t2c_119\">not match the corresponding \ufb01gures </span><span class=\"S1F0D SC8 S2\" id=\"t2d_119\">in the statement of cash \ufb02ow, this is a </span><span class=\"S1F0E SC8 S2\" id=\"t2e_119\">result of translation differences linked </span><span class=\"S1F0F SC8 S2\" id=\"t2f_119\">to changes in rates of exchange. </span><span class=\"S1F10 SC7 S2\" id=\"t2g_119\">(U) Financial risk management </span><span class=\"S1F11 SC8 S2\" id=\"t2h_119\">Through its activities, the Group is </span><span class=\"S1F12 SC8 S2\" id=\"t2i_119\">exposed to different types of \ufb01nancial </span><span class=\"S1F13 SC8 S2\" id=\"t2j_119\">risk: market risk (including currency </span><span class=\"S1F14 SC8 S2\" id=\"t2k_119\">risk, interest risk, price risk and liquidity </span><span class=\"S1F15 SC8 S2\" id=\"t2l_119\">risk) as well as credit risk. A further </span><span class=\"S1F16 SC8 S2\" id=\"t2m_119\">description follows below, describing </span><span class=\"S1F17 SC8 S2\" id=\"t2n_119\">the Group\u2019s \ufb01nancial risk, as well as </span><span class=\"S1F18 SC8 S2\" id=\"t2o_119\">how it is managed, including use of </span><span class=\"S1F19 SC8 S2\" id=\"t2p_119\">hedges. </span><span class=\"S1F1A S1C40 S2\" id=\"t2q_119\">Currency risk </span><span class=\"S1F1B SC8 S2\" id=\"t2r_119\">The Group has international </span><span class=\"S1F1C SC8 S2\" id=\"t2s_119\">operations requiring several different </span><span class=\"S1F1D SC8 S2\" id=\"t2t_119\">currencies and is thus exposed to </span><span class=\"S1F1E SC8 S2\" id=\"t2u_119\">currency risk. Forward contracts are </span><span class=\"S1F1F SC8 S2\" id=\"t2v_119\">used to hedge against the currency </span><span class=\"S1F20 SC8 S2\" id=\"t2w_119\">risk on trade receivables and agreed </span><span class=\"S1F21 SC8 S2\" id=\"t2x_119\">upon sales contracts. The forwards </span><span class=\"S1F22 SC8 S2\" id=\"t2y_119\">contracts are designated as fair value </span><span class=\"S1F23 SC8 S2\" id=\"t2z_119\">hedges in the \ufb01nancial statements. </span><span class=\"S1F24 SC8 S2\" id=\"t30_119\">The hedged items are primarily </span><span class=\"S1F25 SC8 S2\" id=\"t31_119\">binding sales contracts in foreign </span><span class=\"S1F26 SC8 S2\" id=\"t32_119\">currency, net foreign currency bank </span><span class=\"S1F27 SC8 S2\" id=\"t33_119\">deposits, and net trade receivables </span><span class=\"S1F28 SC8 S2\" id=\"t34_119\">in foreign currency. The hedged items </span><span class=\"S1F29 SC8 S2\" id=\"t35_119\">are adjusted with the change in fair </span><span class=\"S1F2A SC8 S2\" id=\"t36_119\">value of the hedged risk. The hedging </span><span class=\"S1F2B SC8 S2\" id=\"t37_119\">instruments are the forward contracts, </span><span class=\"S1F2C SC8 S2\" id=\"t38_119\">which are also measured at fair value </span><span class=\"S1F2D SC8 S2\" id=\"t39_119\">on the balance sheet date. Gains and </span><span class=\"S1F2E SC8 S2\" id=\"t3a_119\">losses due to change in fair value are </span><span class=\"S1F2F SC8 S2\" id=\"t3b_119\">presented through pro\ufb01t or loss. An </span><span class=\"S1F30 SC8 S2\" id=\"t3c_119\">overview of the effect of forward </span><span class=\"S1F31 SC8 S2\" id=\"t3d_119\">contracts can be found in the note on </span><span class=\"S1F32 SC8 S2\" id=\"t3e_119\">\ufb01nancial instruments. </span><span class=\"S1F33 S1C40 S2\" id=\"t3f_119\">Interest risk </span><span class=\"S1F34 SC8 S2\" id=\"t3g_119\">The Group\u2019s long-term debt is mainly </span><span class=\"S1F35 SC8 S2\" id=\"t3h_119\">based upon agreements for \ufb02oating </span><span class=\"S1F36 SC8 S2\" id=\"t3i_119\">rates of interest, representing </span><span class=\"S1F37 SC8 S2\" id=\"t3j_119\">exposure to increases in the market </span><span class=\"S1F38 SC8 S2\" id=\"t3k_119\">interest rate. However, the Group has </span><span class=\"S1F39 SC8 S2\" id=\"t3l_119\">made use of long-term interest rate </span><span class=\"S1F3A SC8 S2\" id=\"t3m_119\">swaps to reduce the \ufb02oating interest </span><span class=\"S1F3B SC8 S2\" id=\"t3n_119\">rate risk for a share of the Group\u2019s </span><span class=\"S1F3C SC8 S2\" id=\"t3o_119\">long-term debt. The Group receives a </span><span class=\"S1F3D SC8 S2\" id=\"t3p_119\">\ufb02oating interest rate and pays a \ufb01xed </span><span class=\"S1F3E SC8 S2\" id=\"t3q_119\">rate through the swap agreements. </span><span class=\"S1F3F SC8 S2\" id=\"t3r_119\">The interest rate swaps are reported as </span><span class=\"S1F40 SC8 S2\" id=\"t3s_119\">cash \ufb02ow hedges. Gains and losses </span><span class=\"S1F41 SC8 S2\" id=\"t3t_119\">from the effective part of the hedge </span><span class=\"S1F42 SC8 S2\" id=\"t3u_119\">(the part of the hedge that quali\ufb01es </span><span class=\"S1F43 SC8 S2\" id=\"t3v_119\">for cash \ufb02ow hedge accounting) are </span><span class=\"S1F44 SC8 S2\" id=\"t3w_119\">recognised in other comprehensive </span><span class=\"S1F45 SC8 S2\" id=\"t3x_119\">income. The Group does also use </span><span class=\"S1F46 SC8 S2\" id=\"t3y_119\">\ufb01xed interest loans (bond loan with </span><span class=\"S1F47 SC8 S2\" id=\"t3z_119\">\ufb01xed interests). An overview of the </span><span class=\"S1F48 SC8 S2\" id=\"t40_119\">effects in terms of exposure of the </span><span class=\"S1F49 SC8 S2\" id=\"t41_119\">Group`s borrowings to interest rate </span><span class=\"S1F4A SC8 S2\" id=\"t42_119\">changes is provided in the note on </span><span class=\"S1F4B SC8 S2\" id=\"t43_119\">loans, mortgages and guarantees. </span><span class=\"S1F4C S1C40 S2\" id=\"t44_119\">Price risk </span><span class=\"S1F4D SC8 S2\" id=\"t45_119\">The developments in global salmon </span><span class=\"S1F4E SC8 S2\" id=\"t46_119\">and trout prices have a considerable </span><span class=\"S1F4F SC8 S2\" id=\"t47_119\">impact on the results achieved by the </span><span class=\"S1F50 SC8 S2\" id=\"t48_119\">Group. In order to reduce the price </span><span class=\"S1F51 SC8 S2\" id=\"t49_119\">risk, a varying share of the revenue / </span><span class=\"S1F52 SC8 S2\" id=\"t4a_119\">purchase cost is hedged through </span><span class=\"S1F53 SC8 S2\" id=\"t4b_119\">purchase and sale forward contracts </span><span class=\"S1F54 SC8 S2\" id=\"t4c_119\">for salmon (Fish Pool contracts). The </span><span class=\"S1F55 SC8 S2\" id=\"t4d_119\">changes in fair value of the contracts </span><span class=\"S1F56 SC8 S2\" id=\"t4e_119\">are recognized in the income statement </span><span class=\"S1F57 SC8 S2\" id=\"t4f_119\">line item \"fair value adjustments </span><span class=\"S1F58 SC8 S2\" id=\"t4g_119\">related to biological assets\". An </span><span class=\"S1F59 SC8 S2\" id=\"t4h_119\">overview of the effect of the Fish Pool </span><span class=\"S1F5B SC8 S2\" id=\"t1_120\">contracts, interest rate swaps and </span><span class=\"S1F5C SC8 S2\" id=\"t2_120\">bunker derivatives. </span><span class=\"S1F5D SC8 S2\" id=\"t3_120\">Derivatives are carried at fair value </span><span class=\"S1F5E SC8 S2\" id=\"t4_120\">at the time of contract and are </span><span class=\"S1F5F SC8 S2\" id=\"t5_120\">subsequently adjusted to fair value. </span><span class=\"S1F60 SC8 S2\" id=\"t6_120\">The recognition of the associated </span><span class=\"S1F61 SC8 S2\" id=\"t7_120\">losses and gains depends on whether </span><span class=\"S1F62 SC8 S2\" id=\"t8_120\">the derivative is designated as a </span><span class=\"S1F63 SC8 S2\" id=\"t9_120\">hedging instrument and, if so, the type </span><span class=\"S1F64 SC8 S2\" id=\"ta_120\">of hedging. Derivatives which are not </span><span class=\"S1F65 SC8 S2\" id=\"tb_120\">designated as hedging instruments </span><span class=\"S1F66 SC8 S2\" id=\"tc_120\">are recognised at fair value through </span><span class=\"S1F67 SC8 S2\" id=\"td_120\">pro\ufb01t or loss. </span><span class=\"S1F68 SC8 S2\" id=\"te_120\">Fair value of derivatives is shown in </span><span class=\"S1F69 SC8 S2\" id=\"tf_120\">the note on \ufb01nancial instruments. </span><span class=\"S1F6A SC8 S2\" id=\"tg_120\">Fair values of derivatives are classi\ufb01ed </span><span class=\"S1F6B SC8 S2\" id=\"th_120\">as \ufb01xed assets or long-term debt if </span><span class=\"S1C18 SC8 S2\" id=\"ti_120\">the hedging object matures in more </span><span class=\"S1F6C SC8 S2\" id=\"tj_120\">than 12 months, and as current assets </span><span class=\"S1C1A SC8 S2\" id=\"tk_120\">or short-term debt if the hedging </span><span class=\"S1F6D SC8 S2\" id=\"tl_120\">object matures in less than 12 months. </span><span class=\"S1F6E SC8 S2\" id=\"tm_120\">The Group documents the </span><span class=\"S1F6F SC8 S2\" id=\"tn_120\">relationship between the hedging </span><span class=\"S1F70 SC8 S2\" id=\"to_120\">instrument and the hedged items, </span><span class=\"S1F71 SC8 S2\" id=\"tp_120\">including expected hedging ef\ufb01ciency, </span><span class=\"S1F72 SC8 S2\" id=\"tq_120\">when entering into hedging derivatives. </span><span class=\"S1F73 SC8 S2\" id=\"tr_120\">The Group further documents its risk </span><span class=\"S1D01 SC8 S2\" id=\"ts_120\">management strategies related to </span><span class=\"S1F74 SC8 S2\" id=\"tt_120\">transactions that are risk hedges. </span><span class=\"S1F75 SC8 S2\" id=\"tu_120\">Changes in fair value of derivatives </span><span class=\"S1F76 SC8 S2\" id=\"tv_120\">qualifying for fair value hedging are </span><span class=\"S1F77 SC8 S2\" id=\"tw_120\">recognised in the income statement </span><span class=\"S1F78 SC8 S2\" id=\"tx_120\">together with the change in fair value </span><span class=\"S1E4D SC8 S2\" id=\"ty_120\">of the associated hedged asset or </span><span class=\"S1F79 SC8 S2\" id=\"tz_120\">liability. The Group uses fair value </span><span class=\"S1F7A SC8 S2\" id=\"t10_120\">hedging to hedge net receivables in </span><span class=\"S1F7B SC8 S2\" id=\"t11_120\">foreign currency, net deposits on </span><span class=\"S1F7C SC8 S2\" id=\"t12_120\">currency accounts and signed sales </span><span class=\"S1D0B SC8 S2\" id=\"t13_120\">contracts in foreign currency. Gains </span><span class=\"S1F7D SC8 S2\" id=\"t14_120\">and losses on foreign currency are </span><span class=\"S1F7E SC8 S2\" id=\"t15_120\">included in the income statement </span><span class=\"S1F7F SC8 S2\" id=\"t16_120\">line \"Cost of materials\". </span><span class=\"S1E55 SC8 S2\" id=\"t17_120\">The effective share of the change in </span><span class=\"S1F80 SC8 S2\" id=\"t18_120\">fair value of derivatives that qualify </span><span class=\"S1F81 SC8 S2\" id=\"t19_120\">as hedging instruments for cash \ufb02ow </span><span class=\"S1C35 SC8 S2\" id=\"t1a_120\">hedging is recognised through other </span><span class=\"S1F82 SC8 S2\" id=\"t1b_120\">comprehensive income. Hedging </span><span class=\"S1F83 SC8 S2\" id=\"t1c_120\">gains or losses recognised through </span><span class=\"S1E5B SC8 S2\" id=\"t1d_120\">other comprehensive income and </span><span class=\"S1F84 SC8 S2\" id=\"t1e_120\">accumulated in equity are re-classi\ufb01ed </span><span class=\"S1F85 SC8 S2\" id=\"t1f_120\">to the income statement during the </span><span class=\"S1F86 SC8 S2\" id=\"t1g_120\">period in which the hedging object </span><span class=\"S1F87 SC8 S2\" id=\"t1h_120\">impacts the income statement. The </span><span class=\"S1F88 SC8 S2\" id=\"t1i_120\">cash \ufb02ow. </span><span class=\"S1F89 SC8 S2\" id=\"t1j_120\">The table in note on debt, mortgages </span><span class=\"S1F8A SC8 S2\" id=\"t1k_120\">and guarantee liability speci\ufb01es the </span><span class=\"S1F8B SC8 S2\" id=\"t1l_120\">Group\u2019s \ufb01nancial covenants that are </span><span class=\"S1F8C SC8 S2\" id=\"t1m_120\">not derivatives, and derivative </span><span class=\"S1F8D SC8 S2\" id=\"t1n_120\">covenants with net settlement, </span><span class=\"S1F8E SC8 S2\" id=\"t1o_120\">classi\ufb01ed in relation to the down- </span><span class=\"S1F8F SC8 S2\" id=\"t1p_120\">payment schedule. This classi\ufb01cation </span><span class=\"S1F90 SC8 S2\" id=\"t1q_120\">is made in accordance with the </span><span class=\"S1F91 SC8 S2\" id=\"t1r_120\">contractual maturity date. Derivative </span><span class=\"S1F92 SC8 S2\" id=\"t1s_120\">covenants are included in the analysis </span><span class=\"S1F93 SC8 S2\" id=\"t1t_120\">when the contractual maturity date </span><span class=\"S1F94 SC8 S2\" id=\"t1u_120\">is signi\ufb01cant for an understanding of </span><span class=\"S1F95 SC8 S2\" id=\"t1v_120\">the accrual of cash \ufb02ows. The \ufb01gures </span><span class=\"S1D25 SC8 S2\" id=\"t1w_120\">in the table are non-discounted </span><span class=\"S1F96 SC8 S2\" id=\"t1x_120\">contractual cash \ufb02ows. </span><span class=\"S1F97 S1C40 S2\" id=\"t1y_120\">Credit risk </span><span class=\"S1F98 SC8 S2\" id=\"t1z_120\">Credit risk occurs in transactions </span><span class=\"S1F99 SC8 S2\" id=\"t20_120\">involving derivatives, deposits with </span><span class=\"S1F9A SC8 S2\" id=\"t21_120\">banks and \ufb01nancial institutions in </span><span class=\"S1F9B SC8 S2\" id=\"t22_120\">addition to transactions with </span><span class=\"S1F9C SC8 S2\" id=\"t23_120\">wholesalers and customers, including </span><span class=\"S1F9D SC8 S2\" id=\"t24_120\">outstanding receivables and \ufb01xed </span><span class=\"S1F9E SC8 S2\" id=\"t25_120\">agreements. As virtually all the </span><span class=\"S1F9F SC8 S2\" id=\"t26_120\">Group\u2019s sales to end customers are </span><span class=\"S1FA0 SC8 S2\" id=\"t27_120\">credit sales, procedures have been </span><span class=\"S1FA1 SC8 S2\" id=\"t28_120\">established to ensure that the Group </span><span class=\"S1FA2 SC8 S2\" id=\"t29_120\">companies only sell products to </span><span class=\"S1FA3 SC8 S2\" id=\"t2a_120\">customers with satisfactory credit </span><span class=\"S1FA4 SC8 S2\" id=\"t2b_120\">rating. A credit assessment is </span><span class=\"S1FA5 SC8 S2\" id=\"t2c_120\">performed based on the customer\u2019s </span><span class=\"S1FA6 SC8 S2\" id=\"t2d_120\">\ufb01nancial position, history and any </span><span class=\"S1FA7 SC8 S2\" id=\"t2e_120\">other factors of relevance. Individual </span><span class=\"S1FA8 SC8 S2\" id=\"t2f_120\">limits are set for risk exposure, based </span><span class=\"S1FA9 SC8 S2\" id=\"t2g_120\">on internal and external assessments </span><span class=\"S1FAA SC8 S2\" id=\"t2h_120\">of creditworthiness and guidelines </span><span class=\"S1FAB SC8 S2\" id=\"t2i_120\">from the Board of Directors. The Group\u2019s </span><span class=\"S1FAC SC8 S2\" id=\"t2j_120\">compliance on these procedures is </span><span class=\"S1FAD SC8 S2\" id=\"t2k_120\">regularly monitored. Furthermore, </span><span class=\"S1FAE SC8 S2\" id=\"t2l_120\">almost all of the Group\u2019s trade </span><span class=\"S1FAF SC8 S2\" id=\"t2m_120\">receivables are covered by credit </span><span class=\"S1D45 SC8 S2\" id=\"t2n_120\">insurance securing about 90% of </span><span class=\"S1FB0 SC8 S2\" id=\"t2o_120\">nominal amounts. The counterparties </span><span class=\"S1EB7 SC8 S2\" id=\"t2p_120\">to derivative contracts and \ufb01nancial </span><span class=\"S1FB1 SC8 S2\" id=\"t2q_120\">placements may only be \ufb01nancial </span><span class=\"S1FB2 SC8 S2\" id=\"t2r_120\">institutions with a high credit rating </span><span class=\"S1FB3 SC8 S2\" id=\"t2s_120\">and other parties who can provide </span><span class=\"S1FB4 SC8 S2\" id=\"t2t_120\">reliable security. See note on </span><span class=\"S1FB5 SC8 S2\" id=\"t2u_120\">receivables for further information </span><span class=\"S1FB6 SC8 S2\" id=\"t2v_120\">on credit risk. </span><span class=\"S1FB7 SC7 S2\" id=\"t2w_120\">(V) Derivatives and hedge accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t2x_120\">The company seeks to hedge against </span><span class=\"S1FB9 SC8 S2\" id=\"t2y_120\">currency \ufb02uctuations and changes in </span><span class=\"S1FBA SC8 S2\" id=\"t2z_120\">interest rate by means of derivatives, </span><span class=\"S1FBB SC8 S2\" id=\"t30_120\">respectively currency forward </span><span class=\"S1FBC SC8 S2\" id=\"t31_120\">contracts is provided in the note on </span><span class=\"S1FBD SC8 S2\" id=\"t32_120\">\ufb01nancial instruments. </span><span class=\"S1FBE SC8 S2\" id=\"t33_120\">The Group is also exposed to </span><span class=\"S1FBF SC8 S2\" id=\"t34_120\">\ufb02uctuations in the bunker price. This </span><span class=\"S1FC0 SC8 S2\" id=\"t35_120\">risk is reduced through entering into </span><span class=\"S1FC1 SC8 S2\" id=\"t36_120\">forward agreements to purchase </span><span class=\"S1FC2 SC8 S2\" id=\"t37_120\">bunker (bunker derivatives). Gains </span><span class=\"S1FC3 SC8 S2\" id=\"t38_120\">and losses from the effective part of </span><span class=\"S1D5A SC8 S2\" id=\"t39_120\">the hedge (the part of the hedge </span><span class=\"S1FC4 SC8 S2\" id=\"t3a_120\">that quali\ufb01es for cash \ufb02ow hedge </span><span class=\"S1FC5 SC8 S2\" id=\"t3b_120\">accounting) are recognised in other </span><span class=\"S1FC6 SC8 S2\" id=\"t3c_120\">comprehensive income. An overview </span><span class=\"S1FC7 SC8 S2\" id=\"t3d_120\">of the effect of bunker derivatives is </span><span class=\"S1E6A SC8 S2\" id=\"t3e_120\">provided in the note on \ufb01nancial </span><span class=\"S1FC8 SC8 S2\" id=\"t3f_120\">instruments. </span><span class=\"S1FC9 S1C40 S2\" id=\"t3g_120\">Liquidity risk </span><span class=\"S1FCA SC8 S2\" id=\"t3h_120\">Cash \ufb02ow prognoses are established </span><span class=\"S1FCB SC8 S2\" id=\"t3i_120\">for the different operating segments </span><span class=\"S1FCC SC8 S2\" id=\"t3j_120\">in the Group and are aggregated by </span><span class=\"S1FCD SC8 S2\" id=\"t3k_120\">the Group\u2019s Financial Department. </span><span class=\"S1FCE SC8 S2\" id=\"t3l_120\">The Financial Department monitors </span><span class=\"S1FCF SC8 S2\" id=\"t3m_120\">prognoses of the Group\u2019s liquidity </span><span class=\"S1FD0 SC8 S2\" id=\"t3n_120\">requirements in order to ensure that </span><span class=\"S1FD1 SC8 S2\" id=\"t3o_120\">the Group has suf\ufb01cient cash </span><span class=\"S1FD2 SC8 S2\" id=\"t3p_120\">equivalents to ful\ufb01l operating </span><span class=\"S1FD3 SC8 S2\" id=\"t3q_120\">commitments while sustaining a </span><span class=\"S1FD4 SC8 S2\" id=\"t3r_120\">suf\ufb01cient level of \ufb02exibility in the form </span><span class=\"S1FD5 SC8 S2\" id=\"t3s_120\">of unutilised, binding loan facilities </span><span class=\"S1FD6 SC8 S2\" id=\"t3t_120\">at all times so that the Group is not in </span><span class=\"S1FD7 SC8 S2\" id=\"t3u_120\">breach of the limits or speci\ufb01ed terms </span><span class=\"S1BBA SC8 S2\" id=\"t3v_120\">and conditions for the Group\u2019s loans. </span><span class=\"S1FD8 SC8 S2\" id=\"t3w_120\">Such prognoses take into account </span><span class=\"S1FD9 SC8 S2\" id=\"t3x_120\">the Group\u2019s scheduled new loans, </span><span class=\"S1FDA SC8 S2\" id=\"t3y_120\">compliance with terms and conditions </span><span class=\"S1FDB SC8 S2\" id=\"t3z_120\">of loans, compliance with in-house </span><span class=\"S1FDC SC8 S2\" id=\"t40_120\">objectives for balance sheet \ufb01gures </span><span class=\"S1FDD SC8 S2\" id=\"t41_120\">and, if relevant, external regulatory </span><span class=\"S1FDE SC8 S2\" id=\"t42_120\">or legal requirements. </span><span class=\"S1FDF SC8 S2\" id=\"t43_120\">Any excess cash in the Group </span><span class=\"S1FE0 SC8 S2\" id=\"t44_120\">companies, in addition to what </span><span class=\"S1FE1 SC8 S2\" id=\"t45_120\">constitutes necessary working capital, </span><span class=\"S1BC5 SC8 S2\" id=\"t46_120\">is transferred annually to the parent </span><span class=\"S1FE2 SC8 S2\" id=\"t47_120\">company via Group contributions and </span><span class=\"S1FE3 SC8 S2\" id=\"t48_120\">dividends. The Group\u2019s Financial </span><span class=\"S1FE4 SC8 S2\" id=\"t49_120\">Department deposits excess cash </span><span class=\"S1FE5 SC8 S2\" id=\"t4a_120\">mainly as bank deposits at special </span><span class=\"S1FE6 SC8 S2\" id=\"t4b_120\">terms with appropriate maturities in </span><span class=\"S1FE7 SC8 S2\" id=\"t4c_120\">order to provide suf\ufb01cient security and </span><span class=\"S1FE8 SC8 S2\" id=\"t4d_120\">\ufb02exibility in relation to the company\u2019s </span><span class=\"S1D84 SC8 S2\" id=\"t4e_120\">growth strategy and dividend policy. </span><span class=\"S1FE9 SC8 S2\" id=\"t4f_120\">For information on cash and cash </span><span class=\"S1FEA SC8 S2\" id=\"t4g_120\">equivalents together with undrawn </span><span class=\"S1FEB SC8 S2\" id=\"t4h_120\">credit facilities available to the Group </span><span class=\"S1FEC SC8 S2\" id=\"t4i_120\">as liquidity buffers to manage liquidity </span><span class=\"S1FED SC8 S2\" id=\"t4j_120\">risk, please refer to the statement of </span><span class=\"S1FEE S1C40 S2\" id=\"t1_121\">Main terms and conditions for license </span><span class=\"S1FEF S1C40 S2\" id=\"t2_121\">type </span><span class=\"S1FF0 SC8 S2\" id=\"t3_121\">Since January 2005, the limitations </span><span class=\"S1FF1 SC8 S2\" id=\"t4_121\">on production established for </span><span class=\"S1D8F SC8 S2\" id=\"t5_121\">aquaculture licenses for salmon and </span><span class=\"S1FF2 SC8 S2\" id=\"t6_121\">trout have been governed according </span><span class=\"S1FF3 SC8 S2\" id=\"t7_121\">to a scheme known as Maximum </span><span class=\"S1FF4 SC8 S2\" id=\"t8_121\">Allowable Biomass (MAB). This speci\ufb01es </span><span class=\"S1FF5 SC8 S2\" id=\"t9_121\">the maximum biomass in the sea </span><span class=\"S1FF6 SC8 S2\" id=\"ta_121\">that a license holder can have at any </span><span class=\"S1FF7 SC8 S2\" id=\"tb_121\">given time. The Group has a suf\ufb01cient </span><span class=\"S1FF8 SC8 S2\" id=\"tc_121\">number of localities (locality MAB) in </span><span class=\"S1FF9 SC8 S2\" id=\"td_121\">the different regions to achieve a </span><span class=\"S1FFA SC8 S2\" id=\"te_121\">satisfactory exploitation of the Group\u2019s </span><span class=\"S1CBC SC8 S2\" id=\"tf_121\">total MAB. All commercial licenses for </span><span class=\"S1FFB SC8 S2\" id=\"tg_121\">production of salmon and trout in sea </span><span class=\"S1FFC SC8 S2\" id=\"th_121\">are currently operational. The following </span><span class=\"S1FFD SC8 S2\" id=\"ti_121\">regulations regarding production </span><span class=\"S1FFE SC8 S2\" id=\"tj_121\">limitations apply to the different </span><span class=\"S1FFF SC8 S2\" id=\"tk_121\">types of licenses held by the Group: </span><span class=\"S1CC3 SC8 S2\" id=\"tl_121\">Grow-out licenses are limited in </span><span class=\"S2000 SC8 S2\" id=\"tm_121\">number, i.e. the enterprises are only </span><span class=\"S1DA0 SC8 S2\" id=\"tn_121\">granted new licenses or more </span><span class=\"S2001 SC8 S2\" id=\"to_121\">production volume subsequent to </span><span class=\"S2002 SC8 S2\" id=\"tp_121\">politically adopted allocation rounds. </span><span class=\"S2003 SC8 S2\" id=\"tq_121\">The maximum allowable biomass </span><span class=\"S2004 SC8 S2\" id=\"tr_121\">(MAB) has previously been 780 tonnes </span><span class=\"S2005 SC8 S2\" id=\"ts_121\">of salmon or trout per license. The </span><span class=\"S2006 SC8 S2\" id=\"tt_121\">maximum allowable biomass (MAB) for </span><span class=\"S2007 SC8 S2\" id=\"tu_121\">the counties of Troms and Finnmark </span><span class=\"S2008 SC8 S2\" id=\"tv_121\">(North Norway) has previously been </span><span class=\"S2009 SC8 S2\" id=\"tw_121\">945 tonnes of salmon or trout per </span><span class=\"S200A SC8 S2\" id=\"tx_121\">license. Following the political decision </span><span class=\"S200B SC8 S2\" id=\"ty_121\">taken in 2017 that it should be possible </span><span class=\"S200C SC8 S2\" id=\"tz_121\">to allocate percentage growth per </span><span class=\"S200D SC8 S2\" id=\"t10_121\">license based on various conditions, a </span><span class=\"S200E SC8 S2\" id=\"t11_121\">\ufb01xed maximum allowable biomass per </span><span class=\"S200F SC8 S2\" id=\"t12_121\">license is no longer speci\ufb01ed. The </span><span class=\"S2010 SC8 S2\" id=\"t13_121\">system has been named the \"traf\ufb01c </span><span class=\"S2011 SC8 S2\" id=\"t14_121\">light system\". The traf\ufb01c light system </span><span class=\"S2012 SC8 S2\" id=\"t15_121\">is meant as a permanent framework </span><span class=\"S2013 SC8 S2\" id=\"t16_121\">for mitigating growth in Norwegian </span><span class=\"S2014 SC8 S2\" id=\"t17_121\">aquaculture. In this system the </span><span class=\"S2015 SC8 S2\" id=\"t18_121\">Norwegian coastline was divided </span><span class=\"S2016 SC8 S2\" id=\"t19_121\">into 13 different production areas. </span><span class=\"S2017 SC8 S2\" id=\"t1a_121\">With a frequency of 2 years, the </span><span class=\"S2018 SC8 S2\" id=\"t1b_121\">different areas are colored red, </span><span class=\"S1DB8 SC8 S2\" id=\"t1c_121\">yellow, or green, based on certain </span><span class=\"S2019 SC8 S2\" id=\"t1d_121\">criteria. In areas colored red the </span><span class=\"S1F52 SC8 S2\" id=\"t1e_121\">maximum production volumes are </span><span class=\"S201A SC8 S2\" id=\"t1f_121\">reduced. In yellow areas there is no </span><span class=\"S201B SC8 S2\" id=\"t1g_121\">change. In green areas, it is opened </span><span class=\"S201C SC8 S2\" id=\"t1h_121\">for growth. A certain portion of the </span><span class=\"S201D SC8 S2\" id=\"t1i_121\">growth are offered to the farmers at </span><span class=\"S201E SC8 S2\" id=\"t1j_121\">a \ufb01xed price, while the remaining </span><span class=\"S201F SC8 S2\" id=\"t1k_121\">portion are offered at auction. The </span><span class=\"S2020 SC8 S2\" id=\"t1l_121\">farmers are free to choose to purchase </span><span class=\"S2021 SC7 S2\" id=\"t1m_121\">(X) Inde\ufb01nite useful life (no </span><span class=\"S2022 SC7 S2\" id=\"t1n_121\">amortisation) of licenses </span><span class=\"S1EF3 SC8 S2\" id=\"t1o_121\">Below is a detailed description of the </span><span class=\"S1C7B SC8 S2\" id=\"t1p_121\">Group\u2019s assessments in situations </span><span class=\"S2023 SC8 S2\" id=\"t1q_121\">where the Group has established </span><span class=\"S2024 SC8 S2\" id=\"t1r_121\">that an asset has an inde\ufb01nite useful </span><span class=\"S2025 SC8 S2\" id=\"t1s_121\">life, cf. IAS 38.122. Intangible assets </span><span class=\"S2026 SC8 S2\" id=\"t1t_121\">with an inde\ufb01nite useful life are not </span><span class=\"S2027 SC8 S2\" id=\"t1u_121\">amortised but tested for impairment </span><span class=\"S2028 SC8 S2\" id=\"t1v_121\">once a year as a minimum. Please </span><span class=\"S2029 SC8 S2\" id=\"t1w_121\">refer to the note on intangible assets </span><span class=\"S202A SC8 S2\" id=\"t1x_121\">for information on the impairment test. </span><span class=\"S202B S1C40 S2\" id=\"t1y_121\">Licence scheme in Norway </span><span class=\"S1EFB SC8 S2\" id=\"t1z_121\">The license scheme for production of </span><span class=\"S202C SC8 S2\" id=\"t20_121\">salmon and trout in Norway was </span><span class=\"S202D SC8 S2\" id=\"t21_121\">introduced by the Storting (the </span><span class=\"S202E SC8 S2\" id=\"t22_121\">Norwegian Parliament) and adopted </span><span class=\"S202F SC8 S2\" id=\"t23_121\">in the Norwegian Act relating to </span><span class=\"S2030 SC8 S2\" id=\"t24_121\">aquaculture (Aquaculture Act). The </span><span class=\"S2031 SC8 S2\" id=\"t25_121\">Ministry of Trade, Industry and </span><span class=\"S2032 SC8 S2\" id=\"t26_121\">Fisheries is responsible for allocation </span><span class=\"S2033 SC8 S2\" id=\"t27_121\">of aquaculture permits (licenses). All </span><span class=\"S2034 SC8 S2\" id=\"t28_121\">activities involving aquaculture require </span><span class=\"S2035 SC8 S2\" id=\"t29_121\">a license. It is prohibited to farm </span><span class=\"S2036 SC8 S2\" id=\"t2a_121\">salmon/trout without a license from </span><span class=\"S2037 SC8 S2\" id=\"t2b_121\">the authorities, cf. section 4 of the </span><span class=\"S2038 SC8 S2\" id=\"t2c_121\">Aquaculture Act. All licenses are </span><span class=\"S2039 SC8 S2\" id=\"t2d_121\">governed by the same regulations </span><span class=\"S203A SC8 S2\" id=\"t2e_121\">(the current Aquaculture Act with </span><span class=\"S1DDF SC8 S2\" id=\"t2f_121\">provisions) irrespective of when the </span><span class=\"S203B SC8 S2\" id=\"t2g_121\">license was allocated. </span><span class=\"S203C SC8 S2\" id=\"t2h_121\">LSG\u2019s aquaculture permit entitles the </span><span class=\"S203D SC8 S2\" id=\"t2i_121\">Group to produce salmon and trout in </span><span class=\"S203E SC8 S2\" id=\"t2j_121\">delimited geographic areas (localities), </span><span class=\"S203F SC8 S2\" id=\"t2k_121\">according to the prevailing </span><span class=\"S2040 SC8 S2\" id=\"t2l_121\">limitations established at any given </span><span class=\"S2041 SC8 S2\" id=\"t2m_121\">time regarding the scope of the permit. </span><span class=\"S2042 SC8 S2\" id=\"t2n_121\">The Ministry may prescribe detailed </span><span class=\"S2043 SC8 S2\" id=\"t2o_121\">provisions relating to the content of </span><span class=\"S2044 SC8 S2\" id=\"t2p_121\">the aquaculture licenses by </span><span class=\"S2045 SC8 S2\" id=\"t2q_121\">administrative decision or regulations. </span><span class=\"S2046 SC8 S2\" id=\"t2r_121\">The Aquaculture Act is administered </span><span class=\"S2047 SC8 S2\" id=\"t2s_121\">centrally by the Ministry of Trade, </span><span class=\"S2048 SC8 S2\" id=\"t2t_121\">Industry and Fisheries, and the </span><span class=\"S1F18 SC8 S2\" id=\"t2u_121\">Directorate of Fisheries is the </span><span class=\"S2049 SC8 S2\" id=\"t2v_121\">supervisory authority. Regionally, there </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_121\">are a number of sector authorities </span><span class=\"S204A SC8 S2\" id=\"t2x_121\">that together represent a complete </span><span class=\"S204B SC8 S2\" id=\"t2y_121\">administrative and supervisory </span><span class=\"S204C SC8 S2\" id=\"t2z_121\">authority within the area governed by </span><span class=\"S204D SC8 S2\" id=\"t30_121\">the Aquaculture Act. The individual </span><span class=\"S204E SC8 S2\" id=\"t31_121\">county is the regional administrative </span><span class=\"S204F SC8 S2\" id=\"t32_121\">body, and the Directorate of Fisheries </span><span class=\"S2050 SC8 S2\" id=\"t33_121\">is the appellate body for issues </span><span class=\"S1CAF SC8 S2\" id=\"t34_121\">involving localities and licenses. </span><span class=\"S2051 SC8 S2\" id=\"t35_121\">Group makes use of cash \ufb02ow hedging </span><span class=\"S2052 SC8 S2\" id=\"t36_121\">related to interest rate swaps and </span><span class=\"S2053 SC8 S2\" id=\"t37_121\">bunker derivates. If the hedge comes </span><span class=\"S2054 SC8 S2\" id=\"t38_121\">to an end, and the expected future </span><span class=\"S1C44 SC8 S2\" id=\"t39_121\">transaction is no longer likely, gains </span><span class=\"S2055 SC8 S2\" id=\"t3a_121\">and losses are recognised in the income </span><span class=\"S2056 SC8 S2\" id=\"t3b_121\">statement under net \ufb01nancial items. </span><span class=\"S2057 SC7 S2\" id=\"t3c_121\">(W) Capital management </span><span class=\"S2058 S108 S2\" id=\"t3d_121\">The Group\u2019s objectives for capital </span><span class=\"S2059 S108 S2\" id=\"t3e_121\">management are to enable the Group </span><span class=\"S205A S108 S2\" id=\"t3f_121\">to continue as a going concern in order </span><span class=\"S205B S108 S2\" id=\"t3g_121\">to guarantee returns for the owners </span><span class=\"S205C S108 S2\" id=\"t3h_121\">and other stakeholders and to sustain </span><span class=\"S205D S108 S2\" id=\"t3i_121\">an optimal capital structure to allow </span><span class=\"S205E S108 S2\" id=\"t3j_121\">the Group to reduce capital expenses. </span><span class=\"S1E07 S108 S2\" id=\"t3k_121\">Ongoing structural changes in the </span><span class=\"S205F S108 S2\" id=\"t3l_121\">global industry in which the company </span><span class=\"S2060 S108 S2\" id=\"t3m_121\">operates, seen in conjunction with the </span><span class=\"S2061 S108 S2\" id=\"t3n_121\">cyclical nature of the industry, </span><span class=\"S2062 S108 S2\" id=\"t3o_121\">demand that the company at all times </span><span class=\"S2063 S108 S2\" id=\"t3p_121\">must maintain a satisfactory \ufb01nancial </span><span class=\"S1C54 S108 S2\" id=\"t3q_121\">contingency. This in turn requires a </span><span class=\"S2064 S108 S2\" id=\"t3r_121\">close relationship with the company\u2019s </span><span class=\"S2065 S108 S2\" id=\"t3s_121\">shareholders and equity markets. </span><span class=\"S2066 S108 S2\" id=\"t3t_121\">The Group has always stressed the </span><span class=\"S2067 S108 S2\" id=\"t3u_121\">importance of maintaining the </span><span class=\"S2068 S108 S2\" id=\"t3v_121\">con\ufb01dence of its \ufb01nancial partners </span><span class=\"S2069 S108 S2\" id=\"t3w_121\">and thus also access to necessary </span><span class=\"S206A S108 S2\" id=\"t3x_121\">loan capital on favorable terms. </span><span class=\"S206B S108 S2\" id=\"t3y_121\">The Group\u2019s \ufb01nancial goals are </span><span class=\"S206C S108 S2\" id=\"t3z_121\">re\ufb02ected in quanti\ufb01ed parameters </span><span class=\"S206D S108 S2\" id=\"t40_121\">for \ufb01nancial adequacy and returns. </span><span class=\"S206E S108 S2\" id=\"t41_121\">The requirement for \ufb01nancial adequacy </span><span class=\"S206F S108 S2\" id=\"t42_121\">stipulates that the Group\u2019s equity </span><span class=\"S1C62 S108 S2\" id=\"t43_121\">ratio, de\ufb01ned as equity/total assets, </span><span class=\"S2070 S108 S2\" id=\"t44_121\">should be at least 30% over time. The </span><span class=\"S2071 S108 S2\" id=\"t45_121\">Group\u2019s long-term goal for earnings </span><span class=\"S2072 S108 S2\" id=\"t46_121\">is to generate an annual return on </span><span class=\"S2073 S108 S2\" id=\"t47_121\">the Group\u2019s average capital employed </span><span class=\"S2074 S108 S2\" id=\"t48_121\">of 18% before tax. </span><span class=\"S2075 S108 S2\" id=\"t49_121\">The company\u2019s dividend policy </span><span class=\"S2076 S108 S2\" id=\"t4a_121\">implies that, over time, dividends </span><span class=\"S2077 S108 S2\" id=\"t4b_121\">should lie in the region of 30% to 40% </span><span class=\"S2078 S108 S2\" id=\"t4c_121\">of pro\ufb01t after tax. However, care </span><span class=\"S2079 S108 S2\" id=\"t4d_121\">must be taken at all times to ensure </span><span class=\"S207A S108 S2\" id=\"t4e_121\">that the Group operates in line with </span><span class=\"S207B S108 S2\" id=\"t4f_121\">satisfactory \ufb01nancial contingency for </span><span class=\"S1C70 S108 S2\" id=\"t4g_121\">new and pro\ufb01table investments. In </span><span class=\"S1E29 S108 S2\" id=\"t4h_121\">the long run, value generation will </span><span class=\"S207C S108 S2\" id=\"t4i_121\">increasingly be in the form of higher </span><span class=\"S207D S108 S2\" id=\"t4j_121\">share prices rather than in declared </span><span class=\"S207E S108 S2\" id=\"t4k_121\">dividends. See note on dividend per </span><span class=\"S207F S108 S2\" id=\"t4l_121\">share for more information. </span><span class=\"S2081 SC8 S2\" id=\"t1_122\">of a license. Section 9 states that </span><span class=\"S2082 SC8 S2\" id=\"t2_122\">licenses may be revoked due to gross </span><span class=\"S2083 SC8 S2\" id=\"t3_122\">contravention of the provisions of the </span><span class=\"S2084 SC8 S2\" id=\"t4_122\">Act. We can con\ufb01rm that no operative </span><span class=\"S2085 SC8 S2\" id=\"t5_122\">licenses for salmon and trout have </span><span class=\"S2086 SC8 S2\" id=\"t6_122\">been revoked in Norway. </span><span class=\"S1E36 SC8 S2\" id=\"t7_122\">Research and development licenses </span><span class=\"S2087 SC8 S2\" id=\"t8_122\">are time-limited and apply in general </span><span class=\"S2088 SC8 S2\" id=\"t9_122\">for the duration of the project. They </span><span class=\"S2089 SC8 S2\" id=\"ta_122\">are often linked to the life cycle of the </span><span class=\"S208A SC8 S2\" id=\"tb_122\">salmon, i.e. three years. R&amp;D licenses </span><span class=\"S208B SC8 S2\" id=\"tc_122\">are managed in close cooperation with </span><span class=\"S208C SC8 S2\" id=\"td_122\">research groups, and an application </span><span class=\"S1CF4 SC8 S2\" id=\"te_122\">to extend them for a new three-year </span><span class=\"S1C14 SC8 S2\" id=\"tf_122\">period can be made after the project </span><span class=\"S208D SC8 S2\" id=\"tg_122\">has ended. </span><span class=\"S208E SC8 S2\" id=\"th_122\">The parent \ufb01sh licenses are granted for </span><span class=\"S208F SC8 S2\" id=\"ti_122\">15 years at a time, and applications </span><span class=\"S2090 SC8 S2\" id=\"tj_122\">have to be submitted for their renewal, </span><span class=\"S2091 SC8 S2\" id=\"tk_122\">provided that the license holder is </span><span class=\"S1C1B SC8 S2\" id=\"tl_122\">still involved in production of parent </span><span class=\"S2092 SC8 S2\" id=\"tm_122\">\ufb01sh for salmon or trout. Parent \ufb01sh </span><span class=\"S2093 SC8 S2\" id=\"tn_122\">production is an integral part of LSG\u2019s </span><span class=\"S2094 SC8 S2\" id=\"to_122\">value chain (parent \ufb01sh production </span><span class=\"S2095 SC8 S2\" id=\"tp_122\">takes place before production of roe </span><span class=\"S2096 SC8 S2\" id=\"tq_122\">and juvenile \ufb01sh in the value chain) </span><span class=\"S2097 SC8 S2\" id=\"tr_122\">and is therefore closely linked to the </span><span class=\"S2098 SC8 S2\" id=\"ts_122\">breeding system for salmon and trout. </span><span class=\"S2099 SC8 S2\" id=\"tt_122\">The Group\u2019s applications for renewal </span><span class=\"S209A SC8 S2\" id=\"tu_122\">of parent \ufb01sh licenses have always </span><span class=\"S209B SC8 S2\" id=\"tv_122\">been approved, in line with the </span><span class=\"S209C SC8 S2\" id=\"tw_122\">prevailing practice in the industry. </span><span class=\"S209D SC8 S2\" id=\"tx_122\">The licenses for slaughter cages are </span><span class=\"S209E SC8 S2\" id=\"ty_122\">allocated for 10 years at a time. </span><span class=\"S209F SC8 S2\" id=\"tz_122\">Applications can be submitted for </span><span class=\"S20A0 SC8 S2\" id=\"t10_122\">renewal of such licenses provided </span><span class=\"S20A1 SC8 S2\" id=\"t11_122\">that they are linked to an approved </span><span class=\"S20A2 SC8 S2\" id=\"t12_122\">slaughtering plant and only utilised </span><span class=\"S20A3 SC8 S2\" id=\"t13_122\">to keep \ufb01sh ready for slaughter in </span><span class=\"S20A4 SC8 S2\" id=\"t14_122\">immediate proximity to the </span><span class=\"S20A5 SC8 S2\" id=\"t15_122\">slaughtering plant. </span><span class=\"S20A6 SC8 S2\" id=\"t16_122\">The Group\u2019s demonstration licenses </span><span class=\"S1E54 SC8 S2\" id=\"t17_122\">are allocated for a period of 10 years. </span><span class=\"S20A7 SC8 S2\" id=\"t18_122\">Applications can be submitted for </span><span class=\"S20A8 SC8 S2\" id=\"t19_122\">renewal of demonstration licenses </span><span class=\"S20A9 SC8 S2\" id=\"t1a_122\">provided that the terms for the </span><span class=\"S20AA SC8 S2\" id=\"t1b_122\">license are met pursuant to the </span><span class=\"S20AB SC8 S2\" id=\"t1c_122\">Aquaculture Act. </span><span class=\"S20AC SC8 S2\" id=\"t1d_122\">The Group\u2019s teaching licenses have </span><span class=\"S1E5C SC8 S2\" id=\"t1e_122\">been allocated for 10 years. </span><span class=\"S1C39 SC8 S2\" id=\"t1f_122\">Applications can be submitted for </span><span class=\"S20AD SC8 S2\" id=\"t1g_122\">renewal of teaching licenses </span><span class=\"S1E5E SC8 S2\" id=\"t1h_122\">provided that the terms for the </span><span class=\"S20AE SC8 S2\" id=\"t1i_122\">There are certain limitations on the size </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_122\">of juvenile \ufb01sh that may be produced </span><span class=\"S1D1B SC8 S2\" id=\"t1k_122\">according to the individual license. </span><span class=\"S20AF SC8 S2\" id=\"t1l_122\">Licences are granted on the basis of a </span><span class=\"S20B0 SC8 S2\" id=\"t1m_122\">discharge permit for a certain number </span><span class=\"S1F8C SC8 S2\" id=\"t1n_122\">of \ufb01sh/biomass with a maximum </span><span class=\"S20B1 SC8 S2\" id=\"t1o_122\">allowable feed consumption per year. </span><span class=\"S20B2 SC8 S2\" id=\"t1p_122\">In situations where the water source </span><span class=\"S20B3 SC8 S2\" id=\"t1q_122\">is owned by a third party, an </span><span class=\"S20B4 SC8 S2\" id=\"t1r_122\">agreement is also required governing </span><span class=\"S20B5 SC8 S2\" id=\"t1s_122\">the right to utilise the water source. </span><span class=\"S20B6 S1C40 S2\" id=\"t1t_122\">Duration and renewal </span><span class=\"S20B7 SC8 S2\" id=\"t1u_122\">Section 5, second paragraph of the </span><span class=\"S20B8 SC8 S2\" id=\"t1v_122\">Aquaculture Act reads: \"The Ministry </span><span class=\"S1D25 SC8 S2\" id=\"t1w_122\">may prescribe detailed provisions </span><span class=\"S20B9 SC8 S2\" id=\"t1x_122\">relating to the content of the </span><span class=\"S20BA SC8 S2\" id=\"t1y_122\">aquaculture licenses, including the </span><span class=\"S20BB SC8 S2\" id=\"t1z_122\">scope, time limitations, etc., by </span><span class=\"S20BC SC8 S2\" id=\"t20_122\">administrative decision or regulations.\" </span><span class=\"S20BD SC8 S2\" id=\"t21_122\">In the legislative background to the </span><span class=\"S20BE SC8 S2\" id=\"t22_122\">Aquaculture Act, White Paper no. 61 </span><span class=\"S20BF SC8 S2\" id=\"t23_122\">2004-2005, the following statement </span><span class=\"S20C0 SC8 S2\" id=\"t24_122\">can be found on page 59: \"It will remain </span><span class=\"S20C1 SC8 S2\" id=\"t25_122\">the case that licenses are normally </span><span class=\"S20C2 SC8 S2\" id=\"t26_122\">allocated without any speci\ufb01c time </span><span class=\"S20C3 SC8 S2\" id=\"t27_122\">limitation. Implementation of such </span><span class=\"S20C4 SC8 S2\" id=\"t28_122\">limitations should be reserved for those </span><span class=\"S1FA2 SC8 S2\" id=\"t29_122\">issues where a time limitation, based </span><span class=\"S20C5 SC8 S2\" id=\"t2a_122\">on the speci\ufb01c situation, provides for </span><span class=\"S20C6 SC8 S2\" id=\"t2b_122\">a more complete ful\ufb01lment of the Act </span><span class=\"S20C7 SC8 S2\" id=\"t2c_122\">than if the license were to be allocated </span><span class=\"S20C8 SC8 S2\" id=\"t2d_122\">without a time limitation.\" </span><span class=\"S20C9 SC8 S2\" id=\"t2e_122\">The duration of licenses is also </span><span class=\"S20CA SC8 S2\" id=\"t2f_122\">speci\ufb01ed by the Aquaculture Act, </span><span class=\"S20CB SC8 S2\" id=\"t2g_122\">which in its most recent revision </span><span class=\"S20CC SC8 S2\" id=\"t2h_122\">underlined ownership of licenses by </span><span class=\"S20CD SC8 S2\" id=\"t2i_122\">allowing the licenses to be mortgaged </span><span class=\"S20CE SC8 S2\" id=\"t2j_122\">to the bene\ufb01t of the lender. </span><span class=\"S20CF SC8 S2\" id=\"t2k_122\">There are no time limitations speci\ufb01ed </span><span class=\"S20D0 SC8 S2\" id=\"t2l_122\">in LSG\u2019s terms for grow-out and juvenile </span><span class=\"S20D1 SC8 S2\" id=\"t2m_122\">licenses, and they are therefore </span><span class=\"S20D2 SC8 S2\" id=\"t2n_122\">deemed to be time-inde\ufb01nite </span><span class=\"S20D3 SC8 S2\" id=\"t2o_122\">production rights according to the </span><span class=\"S20D4 SC8 S2\" id=\"t2p_122\">prevailing regulations. This also </span><span class=\"S20D5 SC8 S2\" id=\"t2q_122\">applies to green licenses. </span><span class=\"S1BFF SC8 S2\" id=\"t2r_122\">As the licenses are not bound by a </span><span class=\"S20D6 SC8 S2\" id=\"t2s_122\">time-limited period, there is no need </span><span class=\"S20D7 SC8 S2\" id=\"t2t_122\">to apply for their renewal. The licenses </span><span class=\"S20D8 SC8 S2\" id=\"t2u_122\">are deemed to be valid pursuant to </span><span class=\"S20D9 SC8 S2\" id=\"t2v_122\">the Aquaculture Act, unless they are </span><span class=\"S20DA SC8 S2\" id=\"t2w_122\">revoked in accordance with the Act. </span><span class=\"S20DB SC8 S2\" id=\"t2x_122\">Section 9 of the Aquaculture Act </span><span class=\"S20DC SC8 S2\" id=\"t2y_122\">describes the grounds for revocation </span><span class=\"S20DD SC8 S2\" id=\"t2z_122\">the offered growth or not. See note </span><span class=\"S20DE SC8 S2\" id=\"t30_122\">on intangibles, section licenses, for </span><span class=\"S20DF SC8 S2\" id=\"t31_122\">further information about present </span><span class=\"S20E0 SC8 S2\" id=\"t32_122\">year`s changes. </span><span class=\"S20E1 SC8 S2\" id=\"t33_122\">Green farming licenses are licenses </span><span class=\"S20E2 SC8 S2\" id=\"t34_122\">that were awarded in 2015 via a </span><span class=\"S20E3 SC8 S2\" id=\"t35_122\">dedicated licensing round. Special </span><span class=\"S20E4 SC8 S2\" id=\"t36_122\">conditions were attached to these </span><span class=\"S20E5 SC8 S2\" id=\"t37_122\">licenses, mainly concerning </span><span class=\"S20E6 SC8 S2\" id=\"t38_122\">environmental improvement measures. </span><span class=\"S20E7 SC8 S2\" id=\"t39_122\">The licenses were awarded via open </span><span class=\"S20E8 SC8 S2\" id=\"t3a_122\">auctions or competitively, based on </span><span class=\"S1FC7 SC8 S2\" id=\"t3b_122\">environmentally focused technology </span><span class=\"S20E9 SC8 S2\" id=\"t3c_122\">and operating concepts. </span><span class=\"S20EA SC8 S2\" id=\"t3d_122\">Demonstration licenses are licenses </span><span class=\"S20EB SC8 S2\" id=\"t3e_122\">de\ufb01ned for special purposes. </span><span class=\"S20EC SC8 S2\" id=\"t3f_122\">Demonstration licenses are granted to </span><span class=\"S20ED SC8 S2\" id=\"t3g_122\">enterprises in order to share knowledge </span><span class=\"S1BAF SC8 S2\" id=\"t3h_122\">of the aquaculture industry. Such </span><span class=\"S20EE SC8 S2\" id=\"t3i_122\">licenses are often operated in </span><span class=\"S20EF SC8 S2\" id=\"t3j_122\">cooperation with a non-commercial </span><span class=\"S20F0 SC8 S2\" id=\"t3k_122\">entity. </span><span class=\"S20F1 SC8 S2\" id=\"t3l_122\">Teaching licenses are another kind of </span><span class=\"S20F2 SC8 S2\" id=\"t3m_122\">special-purpose license and are </span><span class=\"S20F3 SC8 S2\" id=\"t3n_122\">allocated to disseminate knowledge </span><span class=\"S20F4 SC8 S2\" id=\"t3o_122\">of the \ufb01sh farming industry. The </span><span class=\"S20F5 SC8 S2\" id=\"t3p_122\">licenses are linked to speci\ufb01c </span><span class=\"S1D6E SC8 S2\" id=\"t3q_122\">educational institutions and are thus </span><span class=\"S20F6 SC8 S2\" id=\"t3r_122\">regulated by the county. </span><span class=\"S20F7 SC8 S2\" id=\"t3s_122\">Research and development licenses </span><span class=\"S20F8 SC8 S2\" id=\"t3t_122\">are licenses awarded in connection </span><span class=\"S1D73 SC8 S2\" id=\"t3u_122\">with research and development </span><span class=\"S20F9 SC8 S2\" id=\"t3v_122\">projects in the industry, where </span><span class=\"S20FA SC8 S2\" id=\"t3w_122\">dedicated licenses are required to </span><span class=\"S20FB SC8 S2\" id=\"t3x_122\">carry out the R&amp;D activity. </span><span class=\"S20FC SC8 S2\" id=\"t3y_122\">Slaughter cage licenses are </span><span class=\"S1FDF SC8 S2\" id=\"t3z_122\">allocated for the use of sea cages for </span><span class=\"S20FD SC8 S2\" id=\"t40_122\">live \ufb01sh for slaughter. These licenses </span><span class=\"S20FE SC8 S2\" id=\"t41_122\">are linked to a speci\ufb01c location, which </span><span class=\"S20FF SC8 S2\" id=\"t42_122\">is the Group\u2019s slaughtering plant for </span><span class=\"S2100 SC8 S2\" id=\"t43_122\">salmon and trout. </span><span class=\"S2101 SC8 S2\" id=\"t44_122\">Parent \ufb01sh licenses are also licenses </span><span class=\"S2102 SC8 S2\" id=\"t45_122\">de\ufb01ned for special purposes. Parent </span><span class=\"S2103 SC8 S2\" id=\"t46_122\">\ufb01sh licenses are granted for the </span><span class=\"S2104 SC8 S2\" id=\"t47_122\">production of salmon roe utilised to </span><span class=\"S2105 SC8 S2\" id=\"t48_122\">produce juvenile \ufb01sh. </span><span class=\"S1E8C SC8 S2\" id=\"t49_122\">Juvenile \ufb01sh licenses are licenses to </span><span class=\"S2106 SC8 S2\" id=\"t4a_122\">produce juvenile salmon and trout in </span><span class=\"S2107 SC8 S2\" id=\"t4b_122\">fresh water that in total authorise the </span><span class=\"S2108 SC8 S2\" id=\"t4c_122\">license holder to produce a speci\ufb01c </span><span class=\"S2109 SC8 S2\" id=\"t4d_122\">number of juvenile salmon and trout. </span><span class=\"S210A S1E31 S2\" id=\"t1_123\">however result in less predictability </span><span class=\"S210B S1E31 S2\" id=\"t2_123\">for the entities than licenses without </span><span class=\"S210C S1E31 S2\" id=\"t3_123\">time limitations. Predictability is key as </span><span class=\"S210D S1E31 S2\" id=\"t4_123\">breeding and parent \ufb01sh production </span><span class=\"S1D8F S1E31 S2\" id=\"t5_123\">is a time-consuming and resource- </span><span class=\"S210E S1E31 S2\" id=\"t6_123\">intensive activity, but this is provided </span><span class=\"S1F28 S1E31 S2\" id=\"t7_123\">for by (...) a \ufb01xed-term period with </span><span class=\"S1CB6 S1E31 S2\" id=\"t8_123\">clearly de\ufb01ned predictability for </span><span class=\"S210F S1E31 S2\" id=\"t9_123\">extension.\" </span><span class=\"S2110 SC8 S2\" id=\"ta_123\">IAS 38.94 states that if the contractual </span><span class=\"S1F2D SC8 S2\" id=\"tb_123\">or legal rights are assigned for a </span><span class=\"S1FF9 SC8 S2\" id=\"tc_123\">limited period of time that can be </span><span class=\"S2111 SC8 S2\" id=\"td_123\">renewed, the useful life of the </span><span class=\"S2112 SC8 S2\" id=\"te_123\">intangible asset should include the </span><span class=\"S2113 SC8 S2\" id=\"tf_123\">renewal period(s) only if there is </span><span class=\"S2114 SC8 S2\" id=\"tg_123\">documented evidence to support that </span><span class=\"S1CBF SC8 S2\" id=\"th_123\">the cost of the renewal for the entity </span><span class=\"S2115 SC8 S2\" id=\"ti_123\">is not signi\ufb01cant. IAS 38.96 provides </span><span class=\"S2116 SC8 S2\" id=\"tj_123\">guidelines describing factors that </span><span class=\"S2117 SC8 S2\" id=\"tk_123\">can be included in this assessment. </span><span class=\"S2118 SC8 S2\" id=\"tl_123\">The following factors have been </span><span class=\"S2119 SC8 S2\" id=\"tm_123\">central to LSG\u2019s assessment of </span><span class=\"S1DA0 SC8 S2\" id=\"tn_123\">inde\ufb01nite useful life for the parent </span><span class=\"S211A SC8 S2\" id=\"to_123\">\ufb01sh licenses: </span><span class=\"S211B SC8 S2\" id=\"tp_123\">a) the entity\u2019s licenses have always </span><span class=\"S211C SC8 S2\" id=\"tq_123\">been renewed. Renewal does not </span><span class=\"S211D SC8 S2\" id=\"tr_123\">require third-party consent, but is </span><span class=\"S211E SC8 S2\" id=\"ts_123\">based on factors that are under </span><span class=\"S211F SC8 S2\" id=\"tt_123\">the control of the entity, i.e. the </span><span class=\"S2120 SC8 S2\" id=\"tu_123\">terms of the license are met and </span><span class=\"S2121 SC8 S2\" id=\"tv_123\">an application for renewal has </span><span class=\"S2122 SC8 S2\" id=\"tw_123\">been submitted before the expiry </span><span class=\"S2123 SC8 S2\" id=\"tx_123\">of the 15-year period. The main </span><span class=\"S2124 SC8 S2\" id=\"ty_123\">condition for renewal is that parent </span><span class=\"S2125 SC8 S2\" id=\"tz_123\">\ufb01sh production is carried out in </span><span class=\"S2126 SC8 S2\" id=\"t10_123\">connection with a breeding system. </span><span class=\"S2127 SC8 S2\" id=\"t11_123\">Parent \ufb01sh production will continue </span><span class=\"S2128 SC8 S2\" id=\"t12_123\">to be an integral part of LSG\u2019s value </span><span class=\"S2129 SC8 S2\" id=\"t13_123\">chain, and as such this requirement </span><span class=\"S212A SC8 S2\" id=\"t14_123\">will be met. </span><span class=\"S212B SC8 S2\" id=\"t15_123\">b) the entity can document ful\ufb01lment </span><span class=\"S212C SC8 S2\" id=\"t16_123\">of the license conditions, </span><span class=\"S212D SC8 S2\" id=\"t17_123\">c) the cost to the entity for renewal is </span><span class=\"S212E SC8 S2\" id=\"t18_123\">not signi\ufb01cant, when compared </span><span class=\"S212F SC8 S2\" id=\"t19_123\">with the future economic bene\ufb01ts </span><span class=\"S2130 SC8 S2\" id=\"t1a_123\">expected to \ufb02ow to the entity from </span><span class=\"S2131 SC8 S2\" id=\"t1b_123\">renewal. </span><span class=\"S2132 S2197 S2\" id=\"t1c_123\">Demonstration licenses </span><span class=\"S2133 SC8 S2\" id=\"t1d_123\">The Group\u2019s demonstration licenses </span><span class=\"S2134 SC8 S2\" id=\"t1e_123\">are allocated for a period of 10 years. </span><span class=\"S2135 SC8 S2\" id=\"t1f_123\">Applications can be submitted for </span><span class=\"S2136 SC8 S2\" id=\"t1g_123\">renewal of demonstration licenses </span><span class=\"S2137 SC8 S2\" id=\"t1h_123\">provided that the terms for the license </span><span class=\"S1CE3 SC8 S2\" id=\"t1i_123\">are met pursuant to the Aquaculture </span><span class=\"S201F SC8 S2\" id=\"t1j_123\">Act. As with parent \ufb01sh licenses, this </span><span class=\"S2138 SC8 S2\" id=\"t1k_123\">type of license is de\ufb01ned as being for </span><span class=\"S2139 S1C40 S2\" id=\"t1l_123\">Assessment of economic life </span><span class=\"S213A SC8 S2\" id=\"t1m_123\">According to past and present </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_123\">legislation and the general </span><span class=\"S213B SC8 S2\" id=\"t1o_123\">interpretation and practice in the </span><span class=\"S213C SC8 S2\" id=\"t1p_123\">industry, Norwegian \ufb01sh farming </span><span class=\"S213D SC8 S2\" id=\"t1q_123\">licenses are not a time-limited right, </span><span class=\"S213E SC8 S2\" id=\"t1r_123\">and licenses should therefore not be </span><span class=\"S213F SC8 S2\" id=\"t1s_123\">subject to amortisation. Where time- </span><span class=\"S2140 SC8 S2\" id=\"t1t_123\">limited R&amp;D licenses, demonstration </span><span class=\"S2141 SC8 S2\" id=\"t1u_123\">licenses and educational licenses are </span><span class=\"S2142 SC8 S2\" id=\"t1v_123\">concerned, these are awarded free </span><span class=\"S2143 SC8 S2\" id=\"t1w_123\">of charge, so amortisation is normally </span><span class=\"S2144 SC8 S2\" id=\"t1x_123\">not relevant. However, in cases where </span><span class=\"S2145 SC8 S2\" id=\"t1y_123\">related acquiring or renewing costs </span><span class=\"S2146 SC8 S2\" id=\"t1z_123\">are capitalised, they will be subjected </span><span class=\"S2147 SC8 S2\" id=\"t20_123\">to depreciation over the economic life. </span><span class=\"S2148 S2197 S2198 S2\" id=\"t21_123\">Grow-out licenses and juvenile \ufb01sh </span><span class=\"S2149 S2197 S2\" id=\"t22_123\">licenses </span><span class=\"S214A SC8 S2\" id=\"t23_123\">The following factors played a key </span><span class=\"S214B SC8 S2\" id=\"t24_123\">role in the assessment of whether </span><span class=\"S214C SC8 S2\" id=\"t25_123\">licenses have an inde\ufb01nite useful life, </span><span class=\"S214D SC8 S2\" id=\"t26_123\">with reference to the description of </span><span class=\"S214E SC8 S2\" id=\"t27_123\">the license types above: </span><span class=\"S2035 SC8 S2\" id=\"t28_123\">(1) No time limitation on the licenses </span><span class=\"S214F SC8 S2\" id=\"t29_123\">(2) Insigni\ufb01cant expenditure involved </span><span class=\"S2150 SC8 S2\" id=\"t2a_123\">in maintaining the licenses </span><span class=\"S1DDC SC8 S2\" id=\"t2b_123\">(3) High threshold for revocation of </span><span class=\"S2151 SC8 S2\" id=\"t2c_123\">licenses; this has never happened </span><span class=\"S2152 SC8 S2\" id=\"t2d_123\">in Norway </span><span class=\"S203B SC8 S2\" id=\"t2e_123\">It has also been noted that the </span><span class=\"S1DE1 SC8 S2\" id=\"t2f_123\">licenses are registered in the public </span><span class=\"S2153 SC8 S2\" id=\"t2g_123\">aquaculture register as being </span><span class=\"S2154 SC8 S2\" id=\"t2h_123\">without time limitation. </span><span class=\"S2155 SC8 S2\" id=\"t2i_123\">On this basis, the economic life is </span><span class=\"S2156 SC8 S2\" id=\"t2j_123\">assessed to be inde\ufb01nite for the </span><span class=\"S1C9E SC8 S2\" id=\"t2k_123\">grow-out licenses and juvenile \ufb01sh </span><span class=\"S2157 SC8 S2\" id=\"t2l_123\">licenses, in accordance with IAS 38.90. </span><span class=\"S2158 S2197 S2\" id=\"t2m_123\">Parent \ufb01sh licenses </span><span class=\"S2159 SC8 S2\" id=\"t2n_123\">As mentioned above, these licenses are </span><span class=\"S215A SC8 S2\" id=\"t2o_123\">granted for 15 years at a time, and </span><span class=\"S215B SC8 S2\" id=\"t2p_123\">applications can be submitted for </span><span class=\"S215C SC8 S2\" id=\"t2q_123\">renewal. In 2007, the duration of parent </span><span class=\"S215D SC8 S2\" id=\"t2r_123\">\ufb01sh licenses was amended from 10 </span><span class=\"S215E SC8 S2\" id=\"t2s_123\">years to 15 years (amendment to </span><span class=\"S215F SC8 S2\" id=\"t2t_123\">regulation dated 14 August 2007 no. </span><span class=\"S2160 SC8 S2\" id=\"t2u_123\">986). In the consultation document </span><span class=\"S2161 SC8 S2\" id=\"t2v_123\">dated 7 June 2007, the Ministry stated </span><span class=\"S2162 SC8 S2\" id=\"t2w_123\">the following regarding time limitation </span><span class=\"S2163 SC8 S2\" id=\"t2x_123\">for parent \ufb01sh licenses in item 3.3: </span><span class=\"S2164 S1E31 S2\" id=\"t2y_123\">\"The recommendation implies that </span><span class=\"S2165 S1E31 S2\" id=\"t2z_123\">the licenses shall be time-limited for </span><span class=\"S2166 S1E31 S2\" id=\"t30_123\">a period (...) with clearly de\ufb01ned </span><span class=\"S2167 S1E31 S2\" id=\"t31_123\">predictability for extension of new </span><span class=\"S1CAF S1E31 S2\" id=\"t32_123\">periods. Time-limited licenses may </span><span class=\"S2168 SC8 S2\" id=\"t33_123\">license are met pursuant to the </span><span class=\"S2169 SC8 S2\" id=\"t34_123\">Aquaculture Act. </span><span class=\"S216A S1C40 S2\" id=\"t35_123\">Regulations relating to right of use: </span><span class=\"S216B S1C40 S2\" id=\"t36_123\">transfer, lease, moving etc. </span><span class=\"S216C SC8 S2\" id=\"t37_123\">All licenses can be transferred pursuant </span><span class=\"S216D SC8 S2\" id=\"t38_123\">to section 19 of the Aquaculture Act, </span><span class=\"S1C47 SC8 S2\" id=\"t39_123\">and can be mortgaged pursuant to </span><span class=\"S216E SC8 S2\" id=\"t3a_123\">section 20 of the Act. An aquaculture </span><span class=\"S216F SC8 S2\" id=\"t3b_123\">register is kept of all aquaculture </span><span class=\"S2170 SC8 S2\" id=\"t3c_123\">licenses where transfers and </span><span class=\"S2171 SC8 S2\" id=\"t3d_123\">mortgaging are registered. The leasing </span><span class=\"S2172 SC8 S2\" id=\"t3e_123\">of aquaculture licenses or license </span><span class=\"S2173 SC8 S2\" id=\"t3f_123\">capacity is not permitted. Grow-out </span><span class=\"S2174 SC8 S2\" id=\"t3g_123\">licenses and parent \ufb01sh licenses can be </span><span class=\"S2175 SC8 S2\" id=\"t3h_123\">linked to different locations, but there </span><span class=\"S2176 SC8 S2\" id=\"t3i_123\">are certain limitations on moving of </span><span class=\"S2177 SC8 S2\" id=\"t3j_123\">licenses between the regions de\ufb01ned </span><span class=\"S2178 SC8 S2\" id=\"t3k_123\">by the Directorate of Fisheries. In </span><span class=\"S2179 SC8 S2\" id=\"t3l_123\">practice, this means that licenses </span><span class=\"S217A SC8 S2\" id=\"t3m_123\">cannot be moved between de\ufb01ned </span><span class=\"S217B SC8 S2\" id=\"t3n_123\">regions, which typically follow county </span><span class=\"S217C SC8 S2\" id=\"t3o_123\">borders. Juvenile \ufb01sh licenses are </span><span class=\"S1ED6 SC8 S2\" id=\"t3p_123\">attached to one locality \u2013 the locality </span><span class=\"S217D SC8 S2\" id=\"t3q_123\">for which the license applies. </span><span class=\"S217E S1C40 S2\" id=\"t3r_123\">Costs related to licenses </span><span class=\"S217F SC8 S2\" id=\"t3s_123\">Payment has been required for new </span><span class=\"S2180 SC8 S2\" id=\"t3t_123\">licenses granted during more recent </span><span class=\"S1E13 SC8 S2\" id=\"t3u_123\">allocation rounds. The amount of the </span><span class=\"S2181 SC8 S2\" id=\"t3v_123\">payment depends on the allocation </span><span class=\"S2182 SC8 S2\" id=\"t3w_123\">criteria, including for example a \ufb01xed </span><span class=\"S2183 SC8 S2\" id=\"t3x_123\">price versus the auction principle. </span><span class=\"S2184 SC8 S2\" id=\"t3y_123\">Given that there is no requirement to </span><span class=\"S2185 SC8 S2\" id=\"t3z_123\">apply for renewal of licenses, then </span><span class=\"S2186 SC8 S2\" id=\"t40_123\">there are no costs involved in license </span><span class=\"S2187 SC8 S2\" id=\"t41_123\">renewal. </span><span class=\"S2188 SC8 S2\" id=\"t42_123\">The costs of maintaining aquaculture </span><span class=\"S2189 SC8 S2\" id=\"t43_123\">licenses in Norway are insigni\ufb01cant. </span><span class=\"S218A SC8 S2\" id=\"t44_123\">There are no annual fees or other </span><span class=\"S218B SC8 S2\" id=\"t45_123\">types of duties linked to the actual </span><span class=\"S218C SC8 S2\" id=\"t46_123\">license. However, there are certain </span><span class=\"S218D SC8 S2\" id=\"t47_123\">fees to be paid for inspection and </span><span class=\"S218E SC8 S2\" id=\"t48_123\">control of the licenses. Fees also have </span><span class=\"S218F SC8 S2\" id=\"t49_123\">to be paid to establish new localities </span><span class=\"S2190 SC8 S2\" id=\"t4a_123\">and/or to extend/amend localities. </span><span class=\"S1C6D SC8 S2\" id=\"t4b_123\">As a main rule, an amount of twelve </span><span class=\"S2191 SC8 S2\" id=\"t4c_123\">thousand Norwegian krones is paid </span><span class=\"S2192 SC8 S2\" id=\"t4d_123\">per license covered by an application </span><span class=\"S1C70 SC8 S2\" id=\"t4e_123\">for amendment at locality level, cf. </span><span class=\"S1EEB SC8 S2\" id=\"t4f_123\">section 2 of the Regulation relating </span><span class=\"S2193 SC8 S2\" id=\"t4g_123\">to fees and duties for aquaculture </span><span class=\"S2194 SC8 S2\" id=\"t4h_123\">activities. All fees and costs are </span><span class=\"S1E2C SC8 S2\" id=\"t4i_123\">immediately recognised as an </span><span class=\"S2195 SC8 S2\" id=\"t4j_123\">operating expense. </span><span class=\"S1B9C SC8 S2\" id=\"t1_124\">special purposes. Both parent \ufb01sh </span><span class=\"S2199 SC8 S2\" id=\"t2_124\">and demonstration licenses are a </span><span class=\"S219A SC8 S2\" id=\"t3_124\">type of activity without any clear </span><span class=\"S219B SC8 S2\" id=\"t4_124\">time limitation. In principle, the same </span><span class=\"S219C SC8 S2\" id=\"t5_124\">factors as for parent \ufb01sh licenses will </span><span class=\"S219D SC8 S2\" id=\"t6_124\">apply to demonstration licenses. </span><span class=\"S219E S2197 S2\" id=\"t7_124\">Teaching licenses </span><span class=\"S219F SC8 S2\" id=\"t8_124\">With one exception, the Group\u2019s </span><span class=\"S21A0 SC8 S2\" id=\"t9_124\">teaching licenses have been allocated </span><span class=\"S1BA6 SC8 S2\" id=\"ta_124\">for 10 years. Applications can be </span><span class=\"S1FC5 SC8 S2\" id=\"tb_124\">submitted for renewal of teaching </span><span class=\"S21A1 SC8 S2\" id=\"tc_124\">licenses provided that the terms for </span><span class=\"S21A2 SC8 S2\" id=\"td_124\">the license are met pursuant to the </span><span class=\"S21A3 SC8 S2\" id=\"te_124\">Aquaculture Act. The Group has also </span><span class=\"S21A4 SC8 S2\" id=\"tf_124\">taken over one teaching license </span><span class=\"S21A5 SC8 S2\" id=\"tg_124\">pursuant to an open-ended agreement </span><span class=\"S21A6 SC8 S2\" id=\"th_124\">with an educational institution. Since </span><span class=\"S21A7 SC8 S2\" id=\"ti_124\">the agreement has a limited </span><span class=\"S1FCB SC8 S2\" id=\"tj_124\">unde\ufb01ned useful life, its duration has </span><span class=\"S21A8 SC8 S2\" id=\"tk_124\">been estimated at one year. </span><span class=\"S21A9 SC7 S2\" id=\"tl_124\">(Y) New and amended \ufb01nancial </span><span class=\"S21AA SC7 S2\" id=\"tm_124\">reporting standards </span><span class=\"S21AB S21BB S2\" id=\"tn_124\">New standards implemented in 2022 </span><span class=\"S21AC S108 S2\" id=\"to_124\">IASB and EU have not implemented </span><span class=\"S21AD S108 S2\" id=\"tp_124\">any new standards that have been </span><span class=\"S21AE S108 S2\" id=\"tq_124\">mandatory to adopt in 2022. </span><span class=\"S1BB8 S1C40 S2\" id=\"tr_124\">New standards which have not come </span><span class=\"S21AF S1C40 S2\" id=\"ts_124\">into effect and where the Group has </span><span class=\"S20F6 S1C40 S2\" id=\"tt_124\">not opted for early application </span><span class=\"S21B0 SC8 S2\" id=\"tu_124\">Certain new accounting standards </span><span class=\"S21B1 SC8 S2\" id=\"tv_124\">and interpretations have been </span><span class=\"S21B2 SC8 S2\" id=\"tw_124\">published that are not mandatory </span><span class=\"S21B3 SC8 S2\" id=\"tx_124\">for 2022 reporting periods and have </span><span class=\"S21B4 SC8 S2\" id=\"ty_124\">not been early adopted by the group. </span><span class=\"S21B5 SC8 S2\" id=\"tz_124\">These standards and interpretations </span><span class=\"S21B6 SC8 S2\" id=\"t10_124\">are not expected to have a material </span><span class=\"S21B7 SC8 S2\" id=\"t11_124\">impact on the group in the future </span><span class=\"S21B8 SC8 S2\" id=\"t12_124\">reporting periods and on foreseeable </span><span class=\"S21B9 SC8 S2\" id=\"t13_124\">future transactions. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9537": {
   "value": "<span class=\"S1C51 SC7 S2\" id=\"th_115\">(E) Reporting by segment </span><span class=\"S1C52 SC8 S2\" id=\"ti_115\">Segments are reported at a more </span><span class=\"S1C53 SC8 S2\" id=\"tj_115\">aggregated level than for internal </span><span class=\"S1C54 SC8 S2\" id=\"tk_115\">reporting to the corporate </span><span class=\"S1C55 SC8 S2\" id=\"tl_115\">management due to similar economic </span><span class=\"S1C56 SC8 S2\" id=\"tm_115\">characteristics, organisational </span><span class=\"S1C57 SC8 S2\" id=\"tn_115\">structure and commercial risk. The </span><span class=\"S1C58 SC8 S2\" id=\"to_115\">Group\u2019s reportable segments comprise </span><span class=\"S1C59 SC8 S2\" id=\"tp_115\">the following: (1) Wild catch, (2) Farming </span><span class=\"S1C5A SC8 S2\" id=\"tq_115\">and (3) Value-added Processing </span><span class=\"S1C5B SC8 S2\" id=\"tr_115\">(VAP), sales and distribution. The last </span><span class=\"S1C5C SC8 S2\" id=\"ts_115\">segment is also named VAPS&amp;D or </span><span class=\"S1C5D SC8 S2\" id=\"tt_115\">VAPSD for short. Please refer to the </span><span class=\"S1C5E SC8 S2\" id=\"tu_115\">note on the consolidated companies </span><span class=\"S1C5F SC8 S2\" id=\"tv_115\">and division into operating segments </span><span class=\"S1C60 SC8 S2\" id=\"tw_115\">for a complete description of the </span><span class=\"S1C61 SC8 S2\" id=\"tx_115\">companies in the different segments, </span><span class=\"S1C62 SC8 S2\" id=\"ty_115\">both directly and via indirect </span><span class=\"S1C63 SC8 S2\" id=\"tz_115\">ownership. </span><span class=\"S1C64 S109 S2\" id=\"t10_115\">Wild catch </span><span class=\"S1C65 SC8 S2\" id=\"t11_115\">is reported as one segment. </span><span class=\"S1C66 SC8 S2\" id=\"t12_115\">The unit comprises the two sub-groups </span><span class=\"S1C67 SC8 S2\" id=\"t13_115\">Ler\u00f8y Hav\ufb01sk AS and Ler\u00f8y Norway </span><span class=\"S1C68 SC8 S2\" id=\"t14_115\">Seafoods AS. The Ler\u00f8y Hav\ufb01sk Group, </span><span class=\"S1C69 SC8 S2\" id=\"t15_115\">owner of the licenses, is subject to a </span><span class=\"S1C6A SC8 S2\" id=\"t16_115\">so-called \"industrial obligation\" in </span><span class=\"S1C6B SC8 S2\" id=\"t17_115\">Stamsund, Melbu, Hammerfest, </span><span class=\"S1C6C SC8 S2\" id=\"t18_115\">B\u00e5tsfjord, Honningsv\u00e5g and Kj\u00f8llefjord. </span><span class=\"S1C6D SC8 S2\" id=\"t19_115\">This implies that the license is linked </span><span class=\"S1C6E SC8 S2\" id=\"t1a_115\">to operation of the facilities in the </span><span class=\"S1C6F SC8 S2\" id=\"t1b_115\">respective locations. Ler\u00f8y Hav\ufb01sk </span><span class=\"S1C70 SC8 S2\" id=\"t1c_115\">has leased out the facilities in these </span><span class=\"S1C71 SC8 S2\" id=\"t1d_115\">locations to Ler\u00f8y Norway Seafoods AS. </span><span class=\"S1C72 SC8 S2\" id=\"t1e_115\">The lessor is responsible for sustaining </span><span class=\"S1C73 SC8 S2\" id=\"t1f_115\">operations. However, if the lessor </span><span class=\"S1C74 SC8 S2\" id=\"t1g_115\">terminates operations, the license </span><span class=\"S1C75 SC8 S2\" id=\"t1h_115\">terms oblige Ler\u00f8y Hav\ufb01sk to sustain </span><span class=\"S1C76 SC8 S2\" id=\"t1i_115\">operations in the speci\ufb01ed locations. </span><span class=\"S1C77 SC8 S2\" id=\"t1j_115\">The two companies, including their </span><span class=\"S1C78 SC8 S2\" id=\"t1k_115\">subsidiaries, are so heavily integrated </span><span class=\"S1C79 SC8 S2\" id=\"t1l_115\">with each other, that they are regarded </span><span class=\"S1C7A SC8 S2\" id=\"t1m_115\">as one operating segment, which also </span><span class=\"S1C7B SC8 S2\" id=\"t1n_115\">is re\ufb02ected in the internal reporting. </span><span class=\"S1C7C S109 S2\" id=\"t1o_115\">Farming </span><span class=\"S1C7D SC8 S2\" id=\"t1p_115\">is reported as one segment </span><span class=\"S1C7E SC8 S2\" id=\"t1q_115\">but speci\ufb01ed on three operating </span><span class=\"S1C7F SC8 S2\" id=\"t1r_115\">segments. These are: </span><span class=\"S1C80 SC8 S2\" id=\"t1s_115\">(1) the North Norway region, </span><span class=\"S1C81 SC8 S2\" id=\"t1t_115\">comprising the Ler\u00f8y Aurora AS </span><span class=\"S1C82 SC8 S2\" id=\"t1u_115\">and Ler\u00f8y Aurora 2 AS </span><span class=\"S1C83 SC8 S2\" id=\"t1v_115\">(2) the Central Norway region, </span><span class=\"S1C84 SC8 S2\" id=\"t1w_115\">comprising Ler\u00f8y Midt AS and </span><span class=\"S1C85 SC8 S2\" id=\"t1x_115\">Ler\u00f8y Midt 2 AS </span><span class=\"S1C86 SC8 S2\" id=\"t1y_115\">(3) the West Norway region (also </span><span class=\"S1C87 SC8 S2\" id=\"t1z_115\">known as Ler\u00f8y Sj\u00f8troll), </span><span class=\"S1C88 SC8 S2\" id=\"t20_115\">comprising Ler\u00f8y Vest AS, Ler\u00f8y </span><span class=\"S1C89 SC8 S2\" id=\"t21_115\">Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S1C8A SC8 S2\" id=\"t22_115\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll </span><span class=\"S1C8B SC8 S2\" id=\"t23_115\">Havbruk 2 AS, Ler\u00f8y Kj\u00e6relva AS, </span><span class=\"S1C8C SC8 S2\" id=\"t24_115\">Ler\u00f8y \u00c5rskog AS, Norsk </span><span class=\"S1C8D SC8 S2\" id=\"t25_115\">Oppdrettsservice AS and Ler\u00f8y </span><span class=\"S1C8E SC8 S2\" id=\"t26_115\">Ocean Harvest AS. </span><span class=\"S1C8F SC8 S2\" id=\"t27_115\">These units all operate in the same </span><span class=\"S1C90 SC8 S2\" id=\"t28_115\">branch, have the same customers, </span><span class=\"S1C91 SC8 S2\" id=\"t29_115\">similar commercial risk and similar </span><span class=\"S1C92 SC8 S2\" id=\"t2a_115\">processes. Their only distinguishing </span><span class=\"S1C93 SC8 S2\" id=\"t2b_115\">factor is geography. It has therefore </span><span class=\"S1C94 SC8 S2\" id=\"t2c_115\">been deemed appropriate to merge </span><span class=\"S1C95 SC8 S2\" id=\"t2d_115\">these into one operating segment. </span><span class=\"S1C96 S109 S2\" id=\"t2e_115\">Value-added Processing (VAP)</span><span class=\"S1C97 SC7 S2\" id=\"t2f_115\">, sales </span><span class=\"S1C98 SC7 S2\" id=\"t2g_115\">and distribution </span><span class=\"S1C99 SC8 S2\" id=\"t2h_115\">is the third segment. </span><span class=\"S1C9A SC8 S2\" id=\"t2i_115\">This segment comprises several sub- </span><span class=\"S1C9B SC8 S2\" id=\"t2j_115\">groups and individual entities. These </span><span class=\"S1C9C SC8 S2\" id=\"t2k_115\">are merged into one reporting </span><span class=\"S1C9D SC8 S2\" id=\"t2l_115\">segment due to similarities such as </span><span class=\"S1C9E SC8 S2\" id=\"t2m_115\">same branch, commercial risk and </span><span class=\"S1C9F SC8 S2\" id=\"t2n_115\">uniform processes. </span><span class=\"S1CA0 SC8 S2\" id=\"t2o_115\">The Norwegian units are: Ler\u00f8y </span><span class=\"S1CA1 SC8 S2\" id=\"t2p_115\">Seafood AS, Ler\u00f8y Fossen AS, Ler\u00f8y </span><span class=\"S1CA2 SC8 S2\" id=\"t2q_115\">Bulandet AS, Ler\u00f8y Sj\u00f8matgruppen </span><span class=\"S1CA3 SC8 S2\" id=\"t2r_115\">AS, Ler\u00f8y Norge AS, Sirev\u00e5g AS, Ler\u00f8y </span><span class=\"S1CA4 SC8 S2\" id=\"t2s_115\">Nord AS, Drag\u00f8y Grossist AS, </span><span class=\"S1CA5 SC8 S2\" id=\"t2t_115\">Sj\u00f8mathuset AS, Ler\u00f8y Quality Group </span><span class=\"S1CA6 SC8 S2\" id=\"t2u_115\">AS, Ler\u00f8y &amp; Strudshavn AS and </span><span class=\"S1CA7 SC8 S2\" id=\"t2v_115\">Wannebo International AS. </span><span class=\"S1CA8 SC8 S2\" id=\"t2w_115\">The foreign units consist of the Dutch </span><span class=\"S1CA9 SC8 S2\" id=\"t2x_115\">sub-group Ler\u00f8y Seafood Holding B.V., </span><span class=\"S1CAA SC8 S2\" id=\"t2y_115\">that also includes Ler\u00f8y Germany </span><span class=\"S1CAB SC8 S2\" id=\"t2z_115\">GmbH, the Swedish sub-group Ler\u00f8y </span><span class=\"S1CAC SC8 S2\" id=\"t30_115\">Sverige AB, the Danish sub-group </span><span class=\"S1CAD SC8 S2\" id=\"t31_115\">Ler\u00f8y Seafood Denmark A/S, the </span><span class=\"S1CAE SC8 S2\" id=\"t32_115\">French sub-group SAS Ler\u00f8y Seafood </span><span class=\"S1CAF SC8 S2\" id=\"t33_115\">France, the Spanish sub-group Ler\u00f8y </span><span class=\"S1CB0 SC8 S2\" id=\"t34_115\">Processing Spain S.L, in addition to </span><span class=\"S1CB1 SC8 S2\" id=\"t35_115\">Ler\u00f8y Seafood USA Inc, Ler\u00f8y Portugal </span><span class=\"S1CB2 SC8 S2\" id=\"t36_115\">Lda, Ler\u00f8y Finland OY, Ler\u00f8y Turkey, </span><span class=\"S1CB3 SC8 S2\" id=\"t37_115\">Leroy Seafood Italy Srl and Ler\u00f8y </span><span class=\"S1CB4 SC8 S2\" id=\"t38_115\">Seafood UK Ltd. </span><span class=\"S1CB5 SC8 S2\" id=\"t39_115\">The Norwegian entities Ler\u00f8y Seafood </span><span class=\"S1CB6 SC8 S2\" id=\"t3a_115\">Group ASA and Preline Fishfarming </span><span class=\"S1CB7 SC8 S2\" id=\"t3b_115\">System AS are not assigned to any of </span><span class=\"S1CB8 SC8 S2\" id=\"t3c_115\">the segments. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9644": {
   "value": "<span class=\"S1CB9 SC7 S2\" id=\"t3d_115\">(F) Currency </span><span class=\"S1CBA S108 S2\" id=\"t3e_115\">The consolidated \ufb01nancial statements </span><span class=\"S1CBB S108 S2\" id=\"t3f_115\">are presented in NOK, the functional </span><span class=\"S1CBC S108 S2\" id=\"t3g_115\">currency for the parent company and </span><span class=\"S1CBD S108 S2\" id=\"t3h_115\">the Norwegian subsidiaries. Cash </span><span class=\"S1CBE S108 S2\" id=\"t3i_115\">items in foreign currency are valued </span><span class=\"S1CBF S108 S2\" id=\"t3j_115\">at the respective rates of exchange </span><span class=\"S1CC0 S108 S2\" id=\"t3k_115\">at the end of the \ufb01nancial year. Gains </span><span class=\"S1CC1 S108 S2\" id=\"t3l_115\">and losses on foreign currency </span><span class=\"S1CC2 S108 S2\" id=\"t3m_115\">related to the purchase and sale of </span><span class=\"S1CC3 S108 S2\" id=\"t3n_115\">goods are presented as part of the </span><span class=\"S1CC4 S108 S2\" id=\"t3o_115\">accounting line for \"Purchases\". See </span><span class=\"S1CC5 S108 S2\" id=\"t3p_115\">also item (V) on derivatives, including </span><span class=\"S1CC6 S108 S2\" id=\"t3q_115\">currency forward contracts utilised </span><span class=\"S1CC7 S108 S2\" id=\"t3r_115\">to control currency risk. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9645": {
   "value": "<span class=\"S1CB9 SC7 S2\" id=\"t3d_115\">(F) Currency </span><span class=\"S1CBA S108 S2\" id=\"t3e_115\">The consolidated \ufb01nancial statements </span><span class=\"S1CBB S108 S2\" id=\"t3f_115\">are presented in NOK, the functional </span><span class=\"S1CBC S108 S2\" id=\"t3g_115\">currency for the parent company and </span><span class=\"S1CBD S108 S2\" id=\"t3h_115\">the Norwegian subsidiaries. Cash </span><span class=\"S1CBE S108 S2\" id=\"t3i_115\">items in foreign currency are valued </span><span class=\"S1CBF S108 S2\" id=\"t3j_115\">at the respective rates of exchange </span><span class=\"S1CC0 S108 S2\" id=\"t3k_115\">at the end of the \ufb01nancial year. Gains </span><span class=\"S1CC1 S108 S2\" id=\"t3l_115\">and losses on foreign currency </span><span class=\"S1CC2 S108 S2\" id=\"t3m_115\">related to the purchase and sale of </span><span class=\"S1CC3 S108 S2\" id=\"t3n_115\">goods are presented as part of the </span><span class=\"S1CC4 S108 S2\" id=\"t3o_115\">accounting line for \"Purchases\". See </span><span class=\"S1CC5 S108 S2\" id=\"t3p_115\">also item (V) on derivatives, including </span><span class=\"S1CC6 S108 S2\" id=\"t3q_115\">currency forward contracts utilised </span><span class=\"S1CC7 S108 S2\" id=\"t3r_115\">to control currency risk. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9661": {
   "value": "<span class=\"S1CC8 SC7 S2\" id=\"t3s_115\">(G) Intangible assets </span><span class=\"S1CC9 S1C40 S2\" id=\"t3t_115\">Goodwill </span><span class=\"S1CCA SC8 S2\" id=\"t3u_115\">Goodwill represents the residual value </span><span class=\"S1CCB SC8 S2\" id=\"t3v_115\">that cannot be assigned to other </span><span class=\"S1CCC SC8 S2\" id=\"t3w_115\">assets or liabilities on acquisition of </span><span class=\"S1CCD SC8 S2\" id=\"t3x_115\">a company or other assets. Deferred </span><span class=\"S1CCE SC8 S2\" id=\"t3y_115\">tax at date of acquisition on licenses </span><span class=\"S1CCF SC8 S2\" id=\"t3z_115\">with unlimited lifetime, increases </span><span class=\"S1CD0 SC8 S2\" id=\"t40_115\">goodwill. Goodwill in respect of the </span><span class=\"S1CD1 SC8 S2\" id=\"t41_115\">acquisition of subsidiaries is included </span><span class=\"S1CD2 SC8 S2\" id=\"t42_115\">in intangible assets, while goodwill in </span><span class=\"S1CD3 SC8 S2\" id=\"t43_115\">connection with the acquisition of </span><span class=\"S1CD4 SC8 S2\" id=\"t44_115\">associates is included in the item </span><span class=\"S1CD5 SC8 S2\" id=\"t45_115\">\u201cShares in associates\u201d. From each </span><span class=\"S1CD6 SC8 S2\" id=\"t46_115\">business combination goodwill is </span><span class=\"S1CD7 SC8 S2\" id=\"t47_115\">allocated to a cash generating unit </span><span class=\"S1CD8 SC8 S2\" id=\"t48_115\">(CGU). Goodwill is not amortised </span><span class=\"S1CD9 SC8 S2\" id=\"t49_115\">(after 1 January 2004), but is reviewed </span><span class=\"S1CDA SC8 S2\" id=\"t4a_115\">annually for any impairment and </span><span class=\"S1CDB SC8 S2\" id=\"t4b_115\">carried on the balance sheet at cost </span><span class=\"S1CDC SC8 S2\" id=\"t4c_115\">price less accumulated write-downs. </span><span class=\"S1CDD SC8 S2\" id=\"t4d_115\">When assessing the need to write </span><span class=\"S1CDE SC8 S2\" id=\"t4e_115\">down the value of goodwill, this is </span><span class=\"S1CDF SC8 S2\" id=\"t4f_115\">allocated to applicable cash- </span><span class=\"S1CE0 SC8 S2\" id=\"t4g_115\">generating units. </span><span class=\"S1CE1 S1C40 S2\" id=\"t4h_115\">Licences/rights </span><span class=\"S1CE2 SC8 S2\" id=\"t4i_115\">The Group\u2019s licenses can be split into </span><span class=\"S1CE3 SC8 S2\" id=\"t4j_115\">two main groups: (1) Licences related </span><span class=\"S1CE4 SC8 S2\" id=\"t4k_115\">to farming and (2) licenses related to </span><span class=\"S1CE5 SC8 S2\" id=\"t4l_115\">wild catches (\ufb01shing rights). In </span><span class=\"S1D19 SC8 S2\" id=\"t1k_116\">distinguishes between time-limited </span><span class=\"S1D1A SC8 S2\" id=\"t1l_116\">water rights, which are amortised </span><span class=\"S1D1B SC8 S2\" id=\"t1m_116\">over their lifetime, and water rights </span><span class=\"S1D1C SC8 S2\" id=\"t1n_116\">with no time limit, which are not </span><span class=\"S1D1D SC8 S2\" id=\"t1o_116\">amortised but are tested annually for </span><span class=\"S1D1E SC8 S2\" id=\"t1p_116\">impairment. Other intangible assets </span><span class=\"S1D1F SC8 S2\" id=\"t1q_116\">comprise rights that are amortised </span><span class=\"S1D20 SC8 S2\" id=\"t1r_116\">over their lifetime (contractual period). </span><span class=\"S1D53 SC8 S2\" id=\"t38_116\">addition, the Group has some </span><span class=\"S1D54 SC8 S2\" id=\"t39_116\">intellectual property rights. </span><span class=\"S1D55 SC8 S2\" id=\"t3a_116\">Licences related to farming are not </span><span class=\"S1D56 SC8 S2\" id=\"t3b_116\">amortised. Licences are carried at </span><span class=\"S1BA1 SC8 S2\" id=\"t3c_116\">cost price less any accumulated </span><span class=\"S1D57 SC8 S2\" id=\"t3d_116\">write-downs. Licences are tested </span><span class=\"S1D58 SC8 S2\" id=\"t3e_116\">annually for impairment. An overview </span><span class=\"S1D59 SC8 S2\" id=\"t3f_116\">of the different licenses involved in </span><span class=\"S1D5A SC8 S2\" id=\"t3g_116\">this operating segment, in terms of </span><span class=\"S1D5B SC8 S2\" id=\"t3h_116\">type, number and volume, is provided </span><span class=\"S1D5C SC8 S2\" id=\"t3i_116\">in the note on intangible assets. A </span><span class=\"S1D5D SC8 S2\" id=\"t3j_116\">more detailed explanation supporting </span><span class=\"S1D5E SC8 S2\" id=\"t3k_116\">the assessment that the assets have </span><span class=\"S1D5F SC8 S2\" id=\"t3l_116\">an inde\ufb01nite useful life is provided in </span><span class=\"S1D60 SC8 S2\" id=\"t3m_116\">item (X) at the end of the description </span><span class=\"S1D61 SC8 S2\" id=\"t3n_116\">of accounting policies. </span><span class=\"S1D62 SC8 S2\" id=\"t3o_116\">Fishing rights (the licenses) are valued </span><span class=\"S1D63 SC8 S2\" id=\"t3p_116\">at acquisition cost minus any </span><span class=\"S1D64 SC8 S2\" id=\"t3q_116\">accumulated amortisation and </span><span class=\"S1D65 SC8 S2\" id=\"t3r_116\">impairment loss. The licenses comprise </span><span class=\"S1D66 SC8 S2\" id=\"t3s_116\">basic quotas with no time limit and </span><span class=\"S1D67 SC8 S2\" id=\"t3t_116\">structural quotas with a time limit of </span><span class=\"S1D68 SC8 S2\" id=\"t3u_116\">20 and 25 years respectively. The </span><span class=\"S1D69 SC8 S2\" id=\"t3v_116\">structural quotas have a de\ufb01nite </span><span class=\"S1D6A SC8 S2\" id=\"t3w_116\">useful life and are amortised over the </span><span class=\"S1D6B SC8 S2\" id=\"t3x_116\">length of the structural period. The </span><span class=\"S1D6C SC8 S2\" id=\"t3y_116\">basic quotas have an inde\ufb01nite useful </span><span class=\"S1D6D SC8 S2\" id=\"t3z_116\">life and are not amortised, but they </span><span class=\"S1D6E SC8 S2\" id=\"t40_116\">are tested annually for impairment. </span><span class=\"S1D6F SC8 S2\" id=\"t41_116\">The structural quotas are amortised </span><span class=\"S1D70 SC8 S2\" id=\"t42_116\">over the remaining life of the quota </span><span class=\"S1D71 SC8 S2\" id=\"t43_116\">until the value is zero, as there is no </span><span class=\"S1D72 SC8 S2\" id=\"t44_116\">active market for the rights or any </span><span class=\"S1D73 SC8 S2\" id=\"t45_116\">commitment from a third party to </span><span class=\"S1D74 SC8 S2\" id=\"t46_116\">acquire the right once its useful life is </span><span class=\"S1D75 SC8 S2\" id=\"t47_116\">over. Pursuant to White Paper no. 21 </span><span class=\"S1D76 SC8 S2\" id=\"t48_116\">(2006-2007) (Structural policy for the </span><span class=\"S1D77 SC8 S2\" id=\"t49_116\">\ufb01shing \ufb02eet), the structural quotas </span><span class=\"S1D78 SC8 S2\" id=\"t4a_116\">with pre-speci\ufb01ed time limits after </span><span class=\"S1D79 SC8 S2\" id=\"t4b_116\">expiry of the allocation period will be </span><span class=\"S1D7A SC8 S2\" id=\"t4c_116\">redistributed among the \"cod trawler\" </span><span class=\"S1D7B SC8 S2\" id=\"t4d_116\">group of vessels, thereby becoming </span><span class=\"S1D7C SC8 S2\" id=\"t4e_116\">part of the vessels\u2019 basic quota. This </span><span class=\"S1D7D SC8 S2\" id=\"t4f_116\">implies that if a vessel has structures </span><span class=\"S1D7E SC8 S2\" id=\"t4g_116\">that are in accordance with the </span><span class=\"S1D7F SC8 S2\" id=\"t4h_116\">average for the group of vessels, a </span><span class=\"S1D80 SC8 S2\" id=\"t4i_116\">vessel will be able to maintain </span><span class=\"S1D81 SC8 S2\" id=\"t4j_116\">practically the same catch volume once </span><span class=\"S1D82 SC8 S2\" id=\"t4k_116\">the period for the structural quotas has </span><span class=\"S1D83 SC8 S2\" id=\"t4l_116\">expired. More detailed information </span><span class=\"S1D84 SC8 S2\" id=\"t4m_116\">on licenses/\ufb01shing rights is provided </span><span class=\"S1BCD SC8 S2\" id=\"t4n_116\">in note on intangible assets. </span><span class=\"S1D85 SC8 S2\" id=\"t4o_116\">The major share of other intangible </span><span class=\"S1D86 SC8 S2\" id=\"t4p_116\">assets comprises water rights within </span><span class=\"S1D87 SC8 S2\" id=\"t4q_116\">farming (smolt production). The Group </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9663": {
   "value": "<span class=\"S1CC9 S1C40 S2\" id=\"t3t_115\">Goodwill </span><span class=\"S1CCA SC8 S2\" id=\"t3u_115\">Goodwill represents the residual value </span><span class=\"S1CCB SC8 S2\" id=\"t3v_115\">that cannot be assigned to other </span><span class=\"S1CCC SC8 S2\" id=\"t3w_115\">assets or liabilities on acquisition of </span><span class=\"S1CCD SC8 S2\" id=\"t3x_115\">a company or other assets. Deferred </span><span class=\"S1CCE SC8 S2\" id=\"t3y_115\">tax at date of acquisition on licenses </span><span class=\"S1CCF SC8 S2\" id=\"t3z_115\">with unlimited lifetime, increases </span><span class=\"S1CD0 SC8 S2\" id=\"t40_115\">goodwill. Goodwill in respect of the </span><span class=\"S1CD1 SC8 S2\" id=\"t41_115\">acquisition of subsidiaries is included </span><span class=\"S1CD2 SC8 S2\" id=\"t42_115\">in intangible assets, while goodwill in </span><span class=\"S1CD3 SC8 S2\" id=\"t43_115\">connection with the acquisition of </span><span class=\"S1CD4 SC8 S2\" id=\"t44_115\">associates is included in the item </span><span class=\"S1CD5 SC8 S2\" id=\"t45_115\">\u201cShares in associates\u201d. From each </span><span class=\"S1CD6 SC8 S2\" id=\"t46_115\">business combination goodwill is </span><span class=\"S1CD7 SC8 S2\" id=\"t47_115\">allocated to a cash generating unit </span><span class=\"S1CD8 SC8 S2\" id=\"t48_115\">(CGU). Goodwill is not amortised </span><span class=\"S1CD9 SC8 S2\" id=\"t49_115\">(after 1 January 2004), but is reviewed </span><span class=\"S1CDA SC8 S2\" id=\"t4a_115\">annually for any impairment and </span><span class=\"S1CDB SC8 S2\" id=\"t4b_115\">carried on the balance sheet at cost </span><span class=\"S1CDC SC8 S2\" id=\"t4c_115\">price less accumulated write-downs. </span><span class=\"S1CDD SC8 S2\" id=\"t4d_115\">When assessing the need to write </span><span class=\"S1CDE SC8 S2\" id=\"t4e_115\">down the value of goodwill, this is </span><span class=\"S1CDF SC8 S2\" id=\"t4f_115\">allocated to applicable cash- </span><span class=\"S1CE0 SC8 S2\" id=\"t4g_115\">generating units. </span><span class=\"S1CE1 S1C40 S2\" id=\"t4h_115\">Licences/rights </span><span class=\"S1CE2 SC8 S2\" id=\"t4i_115\">The Group\u2019s licenses can be split into </span><span class=\"S1CE3 SC8 S2\" id=\"t4j_115\">two main groups: (1) Licences related </span><span class=\"S1CE4 SC8 S2\" id=\"t4k_115\">to farming and (2) licenses related to </span><span class=\"S1CE5 SC8 S2\" id=\"t4l_115\">wild catches (\ufb01shing rights). In </span><span class=\"S1D19 SC8 S2\" id=\"t1k_116\">distinguishes between time-limited </span><span class=\"S1D1A SC8 S2\" id=\"t1l_116\">water rights, which are amortised </span><span class=\"S1D1B SC8 S2\" id=\"t1m_116\">over their lifetime, and water rights </span><span class=\"S1D1C SC8 S2\" id=\"t1n_116\">with no time limit, which are not </span><span class=\"S1D1D SC8 S2\" id=\"t1o_116\">amortised but are tested annually for </span><span class=\"S1D1E SC8 S2\" id=\"t1p_116\">impairment. Other intangible assets </span><span class=\"S1D1F SC8 S2\" id=\"t1q_116\">comprise rights that are amortised </span><span class=\"S1D20 SC8 S2\" id=\"t1r_116\">over their lifetime (contractual period). </span><span class=\"S1D53 SC8 S2\" id=\"t38_116\">addition, the Group has some </span><span class=\"S1D54 SC8 S2\" id=\"t39_116\">intellectual property rights. </span><span class=\"S1D55 SC8 S2\" id=\"t3a_116\">Licences related to farming are not </span><span class=\"S1D56 SC8 S2\" id=\"t3b_116\">amortised. Licences are carried at </span><span class=\"S1BA1 SC8 S2\" id=\"t3c_116\">cost price less any accumulated </span><span class=\"S1D57 SC8 S2\" id=\"t3d_116\">write-downs. Licences are tested </span><span class=\"S1D58 SC8 S2\" id=\"t3e_116\">annually for impairment. An overview </span><span class=\"S1D59 SC8 S2\" id=\"t3f_116\">of the different licenses involved in </span><span class=\"S1D5A SC8 S2\" id=\"t3g_116\">this operating segment, in terms of </span><span class=\"S1D5B SC8 S2\" id=\"t3h_116\">type, number and volume, is provided </span><span class=\"S1D5C SC8 S2\" id=\"t3i_116\">in the note on intangible assets. A </span><span class=\"S1D5D SC8 S2\" id=\"t3j_116\">more detailed explanation supporting </span><span class=\"S1D5E SC8 S2\" id=\"t3k_116\">the assessment that the assets have </span><span class=\"S1D5F SC8 S2\" id=\"t3l_116\">an inde\ufb01nite useful life is provided in </span><span class=\"S1D60 SC8 S2\" id=\"t3m_116\">item (X) at the end of the description </span><span class=\"S1D61 SC8 S2\" id=\"t3n_116\">of accounting policies. </span><span class=\"S1D62 SC8 S2\" id=\"t3o_116\">Fishing rights (the licenses) are valued </span><span class=\"S1D63 SC8 S2\" id=\"t3p_116\">at acquisition cost minus any </span><span class=\"S1D64 SC8 S2\" id=\"t3q_116\">accumulated amortisation and </span><span class=\"S1D65 SC8 S2\" id=\"t3r_116\">impairment loss. The licenses comprise </span><span class=\"S1D66 SC8 S2\" id=\"t3s_116\">basic quotas with no time limit and </span><span class=\"S1D67 SC8 S2\" id=\"t3t_116\">structural quotas with a time limit of </span><span class=\"S1D68 SC8 S2\" id=\"t3u_116\">20 and 25 years respectively. The </span><span class=\"S1D69 SC8 S2\" id=\"t3v_116\">structural quotas have a de\ufb01nite </span><span class=\"S1D6A SC8 S2\" id=\"t3w_116\">useful life and are amortised over the </span><span class=\"S1D6B SC8 S2\" id=\"t3x_116\">length of the structural period. The </span><span class=\"S1D6C SC8 S2\" id=\"t3y_116\">basic quotas have an inde\ufb01nite useful </span><span class=\"S1D6D SC8 S2\" id=\"t3z_116\">life and are not amortised, but they </span><span class=\"S1D6E SC8 S2\" id=\"t40_116\">are tested annually for impairment. </span><span class=\"S1D6F SC8 S2\" id=\"t41_116\">The structural quotas are amortised </span><span class=\"S1D70 SC8 S2\" id=\"t42_116\">over the remaining life of the quota </span><span class=\"S1D71 SC8 S2\" id=\"t43_116\">until the value is zero, as there is no </span><span class=\"S1D72 SC8 S2\" id=\"t44_116\">active market for the rights or any </span><span class=\"S1D73 SC8 S2\" id=\"t45_116\">commitment from a third party to </span><span class=\"S1D74 SC8 S2\" id=\"t46_116\">acquire the right once its useful life is </span><span class=\"S1D75 SC8 S2\" id=\"t47_116\">over. Pursuant to White Paper no. 21 </span><span class=\"S1D76 SC8 S2\" id=\"t48_116\">(2006-2007) (Structural policy for the </span><span class=\"S1D77 SC8 S2\" id=\"t49_116\">\ufb01shing \ufb02eet), the structural quotas </span><span class=\"S1D78 SC8 S2\" id=\"t4a_116\">with pre-speci\ufb01ed time limits after </span><span class=\"S1D79 SC8 S2\" id=\"t4b_116\">expiry of the allocation period will be </span><span class=\"S1D7A SC8 S2\" id=\"t4c_116\">redistributed among the \"cod trawler\" </span><span class=\"S1D7B SC8 S2\" id=\"t4d_116\">group of vessels, thereby becoming </span><span class=\"S1D7C SC8 S2\" id=\"t4e_116\">part of the vessels\u2019 basic quota. This </span><span class=\"S1D7D SC8 S2\" id=\"t4f_116\">implies that if a vessel has structures </span><span class=\"S1D7E SC8 S2\" id=\"t4g_116\">that are in accordance with the </span><span class=\"S1D7F SC8 S2\" id=\"t4h_116\">average for the group of vessels, a </span><span class=\"S1D80 SC8 S2\" id=\"t4i_116\">vessel will be able to maintain </span><span class=\"S1D81 SC8 S2\" id=\"t4j_116\">practically the same catch volume once </span><span class=\"S1D82 SC8 S2\" id=\"t4k_116\">the period for the structural quotas has </span><span class=\"S1D83 SC8 S2\" id=\"t4l_116\">expired. More detailed information </span><span class=\"S1D84 SC8 S2\" id=\"t4m_116\">on licenses/\ufb01shing rights is provided </span><span class=\"S1BCD SC8 S2\" id=\"t4n_116\">in note on intangible assets. </span><span class=\"S1D85 SC8 S2\" id=\"t4o_116\">The major share of other intangible </span><span class=\"S1D86 SC8 S2\" id=\"t4p_116\">assets comprises water rights within </span><span class=\"S1D87 SC8 S2\" id=\"t4q_116\">farming (smolt production). The Group </span><span class=\"S1FEE S1C40 S2\" id=\"t1_121\">Main terms and conditions for license </span><span class=\"S1FEF S1C40 S2\" id=\"t2_121\">type </span><span class=\"S1FF0 SC8 S2\" id=\"t3_121\">Since January 2005, the limitations </span><span class=\"S1FF1 SC8 S2\" id=\"t4_121\">on production established for </span><span class=\"S1D8F SC8 S2\" id=\"t5_121\">aquaculture licenses for salmon and </span><span class=\"S1FF2 SC8 S2\" id=\"t6_121\">trout have been governed according </span><span class=\"S1FF3 SC8 S2\" id=\"t7_121\">to a scheme known as Maximum </span><span class=\"S1FF4 SC8 S2\" id=\"t8_121\">Allowable Biomass (MAB). This speci\ufb01es </span><span class=\"S1FF5 SC8 S2\" id=\"t9_121\">the maximum biomass in the sea </span><span class=\"S1FF6 SC8 S2\" id=\"ta_121\">that a license holder can have at any </span><span class=\"S1FF7 SC8 S2\" id=\"tb_121\">given time. The Group has a suf\ufb01cient </span><span class=\"S1FF8 SC8 S2\" id=\"tc_121\">number of localities (locality MAB) in </span><span class=\"S1FF9 SC8 S2\" id=\"td_121\">the different regions to achieve a </span><span class=\"S1FFA SC8 S2\" id=\"te_121\">satisfactory exploitation of the Group\u2019s </span><span class=\"S1CBC SC8 S2\" id=\"tf_121\">total MAB. All commercial licenses for </span><span class=\"S1FFB SC8 S2\" id=\"tg_121\">production of salmon and trout in sea </span><span class=\"S1FFC SC8 S2\" id=\"th_121\">are currently operational. The following </span><span class=\"S1FFD SC8 S2\" id=\"ti_121\">regulations regarding production </span><span class=\"S1FFE SC8 S2\" id=\"tj_121\">limitations apply to the different </span><span class=\"S1FFF SC8 S2\" id=\"tk_121\">types of licenses held by the Group: </span><span class=\"S1CC3 SC8 S2\" id=\"tl_121\">Grow-out licenses are limited in </span><span class=\"S2000 SC8 S2\" id=\"tm_121\">number, i.e. the enterprises are only </span><span class=\"S1DA0 SC8 S2\" id=\"tn_121\">granted new licenses or more </span><span class=\"S2001 SC8 S2\" id=\"to_121\">production volume subsequent to </span><span class=\"S2002 SC8 S2\" id=\"tp_121\">politically adopted allocation rounds. </span><span class=\"S2003 SC8 S2\" id=\"tq_121\">The maximum allowable biomass </span><span class=\"S2004 SC8 S2\" id=\"tr_121\">(MAB) has previously been 780 tonnes </span><span class=\"S2005 SC8 S2\" id=\"ts_121\">of salmon or trout per license. The </span><span class=\"S2006 SC8 S2\" id=\"tt_121\">maximum allowable biomass (MAB) for </span><span class=\"S2007 SC8 S2\" id=\"tu_121\">the counties of Troms and Finnmark </span><span class=\"S2008 SC8 S2\" id=\"tv_121\">(North Norway) has previously been </span><span class=\"S2009 SC8 S2\" id=\"tw_121\">945 tonnes of salmon or trout per </span><span class=\"S200A SC8 S2\" id=\"tx_121\">license. Following the political decision </span><span class=\"S200B SC8 S2\" id=\"ty_121\">taken in 2017 that it should be possible </span><span class=\"S200C SC8 S2\" id=\"tz_121\">to allocate percentage growth per </span><span class=\"S200D SC8 S2\" id=\"t10_121\">license based on various conditions, a </span><span class=\"S200E SC8 S2\" id=\"t11_121\">\ufb01xed maximum allowable biomass per </span><span class=\"S200F SC8 S2\" id=\"t12_121\">license is no longer speci\ufb01ed. The </span><span class=\"S2010 SC8 S2\" id=\"t13_121\">system has been named the \"traf\ufb01c </span><span class=\"S2011 SC8 S2\" id=\"t14_121\">light system\". The traf\ufb01c light system </span><span class=\"S2012 SC8 S2\" id=\"t15_121\">is meant as a permanent framework </span><span class=\"S2013 SC8 S2\" id=\"t16_121\">for mitigating growth in Norwegian </span><span class=\"S2014 SC8 S2\" id=\"t17_121\">aquaculture. In this system the </span><span class=\"S2015 SC8 S2\" id=\"t18_121\">Norwegian coastline was divided </span><span class=\"S2016 SC8 S2\" id=\"t19_121\">into 13 different production areas. </span><span class=\"S2017 SC8 S2\" id=\"t1a_121\">With a frequency of 2 years, the </span><span class=\"S2018 SC8 S2\" id=\"t1b_121\">different areas are colored red, </span><span class=\"S1DB8 SC8 S2\" id=\"t1c_121\">yellow, or green, based on certain </span><span class=\"S2019 SC8 S2\" id=\"t1d_121\">criteria. In areas colored red the </span><span class=\"S1F52 SC8 S2\" id=\"t1e_121\">maximum production volumes are </span><span class=\"S201A SC8 S2\" id=\"t1f_121\">reduced. In yellow areas there is no </span><span class=\"S201B SC8 S2\" id=\"t1g_121\">change. In green areas, it is opened </span><span class=\"S201C SC8 S2\" id=\"t1h_121\">for growth. A certain portion of the </span><span class=\"S201D SC8 S2\" id=\"t1i_121\">growth are offered to the farmers at </span><span class=\"S201E SC8 S2\" id=\"t1j_121\">a \ufb01xed price, while the remaining </span><span class=\"S201F SC8 S2\" id=\"t1k_121\">portion are offered at auction. The </span><span class=\"S2020 SC8 S2\" id=\"t1l_121\">farmers are free to choose to purchase </span><span class=\"S2021 SC7 S2\" id=\"t1m_121\">(X) Inde\ufb01nite useful life (no </span><span class=\"S2022 SC7 S2\" id=\"t1n_121\">amortisation) of licenses </span><span class=\"S1EF3 SC8 S2\" id=\"t1o_121\">Below is a detailed description of the </span><span class=\"S1C7B SC8 S2\" id=\"t1p_121\">Group\u2019s assessments in situations </span><span class=\"S2023 SC8 S2\" id=\"t1q_121\">where the Group has established </span><span class=\"S2024 SC8 S2\" id=\"t1r_121\">that an asset has an inde\ufb01nite useful </span><span class=\"S2025 SC8 S2\" id=\"t1s_121\">life, cf. IAS 38.122. Intangible assets </span><span class=\"S2026 SC8 S2\" id=\"t1t_121\">with an inde\ufb01nite useful life are not </span><span class=\"S2027 SC8 S2\" id=\"t1u_121\">amortised but tested for impairment </span><span class=\"S2028 SC8 S2\" id=\"t1v_121\">once a year as a minimum. Please </span><span class=\"S2029 SC8 S2\" id=\"t1w_121\">refer to the note on intangible assets </span><span class=\"S202A SC8 S2\" id=\"t1x_121\">for information on the impairment test. </span><span class=\"S202B S1C40 S2\" id=\"t1y_121\">Licence scheme in Norway </span><span class=\"S1EFB SC8 S2\" id=\"t1z_121\">The license scheme for production of </span><span class=\"S202C SC8 S2\" id=\"t20_121\">salmon and trout in Norway was </span><span class=\"S202D SC8 S2\" id=\"t21_121\">introduced by the Storting (the </span><span class=\"S202E SC8 S2\" id=\"t22_121\">Norwegian Parliament) and adopted </span><span class=\"S202F SC8 S2\" id=\"t23_121\">in the Norwegian Act relating to </span><span class=\"S2030 SC8 S2\" id=\"t24_121\">aquaculture (Aquaculture Act). The </span><span class=\"S2031 SC8 S2\" id=\"t25_121\">Ministry of Trade, Industry and </span><span class=\"S2032 SC8 S2\" id=\"t26_121\">Fisheries is responsible for allocation </span><span class=\"S2033 SC8 S2\" id=\"t27_121\">of aquaculture permits (licenses). All </span><span class=\"S2034 SC8 S2\" id=\"t28_121\">activities involving aquaculture require </span><span class=\"S2035 SC8 S2\" id=\"t29_121\">a license. It is prohibited to farm </span><span class=\"S2036 SC8 S2\" id=\"t2a_121\">salmon/trout without a license from </span><span class=\"S2037 SC8 S2\" id=\"t2b_121\">the authorities, cf. section 4 of the </span><span class=\"S2038 SC8 S2\" id=\"t2c_121\">Aquaculture Act. All licenses are </span><span class=\"S2039 SC8 S2\" id=\"t2d_121\">governed by the same regulations </span><span class=\"S203A SC8 S2\" id=\"t2e_121\">(the current Aquaculture Act with </span><span class=\"S1DDF SC8 S2\" id=\"t2f_121\">provisions) irrespective of when the </span><span class=\"S203B SC8 S2\" id=\"t2g_121\">license was allocated. </span><span class=\"S203C SC8 S2\" id=\"t2h_121\">LSG\u2019s aquaculture permit entitles the </span><span class=\"S203D SC8 S2\" id=\"t2i_121\">Group to produce salmon and trout in </span><span class=\"S203E SC8 S2\" id=\"t2j_121\">delimited geographic areas (localities), </span><span class=\"S203F SC8 S2\" id=\"t2k_121\">according to the prevailing </span><span class=\"S2040 SC8 S2\" id=\"t2l_121\">limitations established at any given </span><span class=\"S2041 SC8 S2\" id=\"t2m_121\">time regarding the scope of the permit. </span><span class=\"S2042 SC8 S2\" id=\"t2n_121\">The Ministry may prescribe detailed </span><span class=\"S2043 SC8 S2\" id=\"t2o_121\">provisions relating to the content of </span><span class=\"S2044 SC8 S2\" id=\"t2p_121\">the aquaculture licenses by </span><span class=\"S2045 SC8 S2\" id=\"t2q_121\">administrative decision or regulations. </span><span class=\"S2046 SC8 S2\" id=\"t2r_121\">The Aquaculture Act is administered </span><span class=\"S2047 SC8 S2\" id=\"t2s_121\">centrally by the Ministry of Trade, </span><span class=\"S2048 SC8 S2\" id=\"t2t_121\">Industry and Fisheries, and the </span><span class=\"S1F18 SC8 S2\" id=\"t2u_121\">Directorate of Fisheries is the </span><span class=\"S2049 SC8 S2\" id=\"t2v_121\">supervisory authority. Regionally, there </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_121\">are a number of sector authorities </span><span class=\"S204A SC8 S2\" id=\"t2x_121\">that together represent a complete </span><span class=\"S204B SC8 S2\" id=\"t2y_121\">administrative and supervisory </span><span class=\"S204C SC8 S2\" id=\"t2z_121\">authority within the area governed by </span><span class=\"S204D SC8 S2\" id=\"t30_121\">the Aquaculture Act. The individual </span><span class=\"S204E SC8 S2\" id=\"t31_121\">county is the regional administrative </span><span class=\"S204F SC8 S2\" id=\"t32_121\">body, and the Directorate of Fisheries </span><span class=\"S2050 SC8 S2\" id=\"t33_121\">is the appellate body for issues </span><span class=\"S1CAF SC8 S2\" id=\"t34_121\">involving localities and licenses. </span><span class=\"S2081 SC8 S2\" id=\"t1_122\">of a license. Section 9 states that </span><span class=\"S2082 SC8 S2\" id=\"t2_122\">licenses may be revoked due to gross </span><span class=\"S2083 SC8 S2\" id=\"t3_122\">contravention of the provisions of the </span><span class=\"S2084 SC8 S2\" id=\"t4_122\">Act. We can con\ufb01rm that no operative </span><span class=\"S2085 SC8 S2\" id=\"t5_122\">licenses for salmon and trout have </span><span class=\"S2086 SC8 S2\" id=\"t6_122\">been revoked in Norway. </span><span class=\"S1E36 SC8 S2\" id=\"t7_122\">Research and development licenses </span><span class=\"S2087 SC8 S2\" id=\"t8_122\">are time-limited and apply in general </span><span class=\"S2088 SC8 S2\" id=\"t9_122\">for the duration of the project. They </span><span class=\"S2089 SC8 S2\" id=\"ta_122\">are often linked to the life cycle of the </span><span class=\"S208A SC8 S2\" id=\"tb_122\">salmon, i.e. three years. R&amp;D licenses </span><span class=\"S208B SC8 S2\" id=\"tc_122\">are managed in close cooperation with </span><span class=\"S208C SC8 S2\" id=\"td_122\">research groups, and an application </span><span class=\"S1CF4 SC8 S2\" id=\"te_122\">to extend them for a new three-year </span><span class=\"S1C14 SC8 S2\" id=\"tf_122\">period can be made after the project </span><span class=\"S208D SC8 S2\" id=\"tg_122\">has ended. </span><span class=\"S208E SC8 S2\" id=\"th_122\">The parent \ufb01sh licenses are granted for </span><span class=\"S208F SC8 S2\" id=\"ti_122\">15 years at a time, and applications </span><span class=\"S2090 SC8 S2\" id=\"tj_122\">have to be submitted for their renewal, </span><span class=\"S2091 SC8 S2\" id=\"tk_122\">provided that the license holder is </span><span class=\"S1C1B SC8 S2\" id=\"tl_122\">still involved in production of parent </span><span class=\"S2092 SC8 S2\" id=\"tm_122\">\ufb01sh for salmon or trout. Parent \ufb01sh </span><span class=\"S2093 SC8 S2\" id=\"tn_122\">production is an integral part of LSG\u2019s </span><span class=\"S2094 SC8 S2\" id=\"to_122\">value chain (parent \ufb01sh production </span><span class=\"S2095 SC8 S2\" id=\"tp_122\">takes place before production of roe </span><span class=\"S2096 SC8 S2\" id=\"tq_122\">and juvenile \ufb01sh in the value chain) </span><span class=\"S2097 SC8 S2\" id=\"tr_122\">and is therefore closely linked to the </span><span class=\"S2098 SC8 S2\" id=\"ts_122\">breeding system for salmon and trout. </span><span class=\"S2099 SC8 S2\" id=\"tt_122\">The Group\u2019s applications for renewal </span><span class=\"S209A SC8 S2\" id=\"tu_122\">of parent \ufb01sh licenses have always </span><span class=\"S209B SC8 S2\" id=\"tv_122\">been approved, in line with the </span><span class=\"S209C SC8 S2\" id=\"tw_122\">prevailing practice in the industry. </span><span class=\"S209D SC8 S2\" id=\"tx_122\">The licenses for slaughter cages are </span><span class=\"S209E SC8 S2\" id=\"ty_122\">allocated for 10 years at a time. </span><span class=\"S209F SC8 S2\" id=\"tz_122\">Applications can be submitted for </span><span class=\"S20A0 SC8 S2\" id=\"t10_122\">renewal of such licenses provided </span><span class=\"S20A1 SC8 S2\" id=\"t11_122\">that they are linked to an approved </span><span class=\"S20A2 SC8 S2\" id=\"t12_122\">slaughtering plant and only utilised </span><span class=\"S20A3 SC8 S2\" id=\"t13_122\">to keep \ufb01sh ready for slaughter in </span><span class=\"S20A4 SC8 S2\" id=\"t14_122\">immediate proximity to the </span><span class=\"S20A5 SC8 S2\" id=\"t15_122\">slaughtering plant. </span><span class=\"S20A6 SC8 S2\" id=\"t16_122\">The Group\u2019s demonstration licenses </span><span class=\"S1E54 SC8 S2\" id=\"t17_122\">are allocated for a period of 10 years. </span><span class=\"S20A7 SC8 S2\" id=\"t18_122\">Applications can be submitted for </span><span class=\"S20A8 SC8 S2\" id=\"t19_122\">renewal of demonstration licenses </span><span class=\"S20A9 SC8 S2\" id=\"t1a_122\">provided that the terms for the </span><span class=\"S20AA SC8 S2\" id=\"t1b_122\">license are met pursuant to the </span><span class=\"S20AB SC8 S2\" id=\"t1c_122\">Aquaculture Act. </span><span class=\"S20AC SC8 S2\" id=\"t1d_122\">The Group\u2019s teaching licenses have </span><span class=\"S1E5C SC8 S2\" id=\"t1e_122\">been allocated for 10 years. </span><span class=\"S1C39 SC8 S2\" id=\"t1f_122\">Applications can be submitted for </span><span class=\"S20AD SC8 S2\" id=\"t1g_122\">renewal of teaching licenses </span><span class=\"S1E5E SC8 S2\" id=\"t1h_122\">provided that the terms for the </span><span class=\"S20AE SC8 S2\" id=\"t1i_122\">There are certain limitations on the size </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_122\">of juvenile \ufb01sh that may be produced </span><span class=\"S1D1B SC8 S2\" id=\"t1k_122\">according to the individual license. </span><span class=\"S20AF SC8 S2\" id=\"t1l_122\">Licences are granted on the basis of a </span><span class=\"S20B0 SC8 S2\" id=\"t1m_122\">discharge permit for a certain number </span><span class=\"S1F8C SC8 S2\" id=\"t1n_122\">of \ufb01sh/biomass with a maximum </span><span class=\"S20B1 SC8 S2\" id=\"t1o_122\">allowable feed consumption per year. </span><span class=\"S20B2 SC8 S2\" id=\"t1p_122\">In situations where the water source </span><span class=\"S20B3 SC8 S2\" id=\"t1q_122\">is owned by a third party, an </span><span class=\"S20B4 SC8 S2\" id=\"t1r_122\">agreement is also required governing </span><span class=\"S20B5 SC8 S2\" id=\"t1s_122\">the right to utilise the water source. </span><span class=\"S20B6 S1C40 S2\" id=\"t1t_122\">Duration and renewal </span><span class=\"S20B7 SC8 S2\" id=\"t1u_122\">Section 5, second paragraph of the </span><span class=\"S20B8 SC8 S2\" id=\"t1v_122\">Aquaculture Act reads: \"The Ministry </span><span class=\"S1D25 SC8 S2\" id=\"t1w_122\">may prescribe detailed provisions </span><span class=\"S20B9 SC8 S2\" id=\"t1x_122\">relating to the content of the </span><span class=\"S20BA SC8 S2\" id=\"t1y_122\">aquaculture licenses, including the </span><span class=\"S20BB SC8 S2\" id=\"t1z_122\">scope, time limitations, etc., by </span><span class=\"S20BC SC8 S2\" id=\"t20_122\">administrative decision or regulations.\" </span><span class=\"S20BD SC8 S2\" id=\"t21_122\">In the legislative background to the </span><span class=\"S20BE SC8 S2\" id=\"t22_122\">Aquaculture Act, White Paper no. 61 </span><span class=\"S20BF SC8 S2\" id=\"t23_122\">2004-2005, the following statement </span><span class=\"S20C0 SC8 S2\" id=\"t24_122\">can be found on page 59: \"It will remain </span><span class=\"S20C1 SC8 S2\" id=\"t25_122\">the case that licenses are normally </span><span class=\"S20C2 SC8 S2\" id=\"t26_122\">allocated without any speci\ufb01c time </span><span class=\"S20C3 SC8 S2\" id=\"t27_122\">limitation. Implementation of such </span><span class=\"S20C4 SC8 S2\" id=\"t28_122\">limitations should be reserved for those </span><span class=\"S1FA2 SC8 S2\" id=\"t29_122\">issues where a time limitation, based </span><span class=\"S20C5 SC8 S2\" id=\"t2a_122\">on the speci\ufb01c situation, provides for </span><span class=\"S20C6 SC8 S2\" id=\"t2b_122\">a more complete ful\ufb01lment of the Act </span><span class=\"S20C7 SC8 S2\" id=\"t2c_122\">than if the license were to be allocated </span><span class=\"S20C8 SC8 S2\" id=\"t2d_122\">without a time limitation.\" </span><span class=\"S20C9 SC8 S2\" id=\"t2e_122\">The duration of licenses is also </span><span class=\"S20CA SC8 S2\" id=\"t2f_122\">speci\ufb01ed by the Aquaculture Act, </span><span class=\"S20CB SC8 S2\" id=\"t2g_122\">which in its most recent revision </span><span class=\"S20CC SC8 S2\" id=\"t2h_122\">underlined ownership of licenses by </span><span class=\"S20CD SC8 S2\" id=\"t2i_122\">allowing the licenses to be mortgaged </span><span class=\"S20CE SC8 S2\" id=\"t2j_122\">to the bene\ufb01t of the lender. </span><span class=\"S20CF SC8 S2\" id=\"t2k_122\">There are no time limitations speci\ufb01ed </span><span class=\"S20D0 SC8 S2\" id=\"t2l_122\">in LSG\u2019s terms for grow-out and juvenile </span><span class=\"S20D1 SC8 S2\" id=\"t2m_122\">licenses, and they are therefore </span><span class=\"S20D2 SC8 S2\" id=\"t2n_122\">deemed to be time-inde\ufb01nite </span><span class=\"S20D3 SC8 S2\" id=\"t2o_122\">production rights according to the </span><span class=\"S20D4 SC8 S2\" id=\"t2p_122\">prevailing regulations. This also </span><span class=\"S20D5 SC8 S2\" id=\"t2q_122\">applies to green licenses. </span><span class=\"S1BFF SC8 S2\" id=\"t2r_122\">As the licenses are not bound by a </span><span class=\"S20D6 SC8 S2\" id=\"t2s_122\">time-limited period, there is no need </span><span class=\"S20D7 SC8 S2\" id=\"t2t_122\">to apply for their renewal. The licenses </span><span class=\"S20D8 SC8 S2\" id=\"t2u_122\">are deemed to be valid pursuant to </span><span class=\"S20D9 SC8 S2\" id=\"t2v_122\">the Aquaculture Act, unless they are </span><span class=\"S20DA SC8 S2\" id=\"t2w_122\">revoked in accordance with the Act. </span><span class=\"S20DB SC8 S2\" id=\"t2x_122\">Section 9 of the Aquaculture Act </span><span class=\"S20DC SC8 S2\" id=\"t2y_122\">describes the grounds for revocation </span><span class=\"S20DD SC8 S2\" id=\"t2z_122\">the offered growth or not. See note </span><span class=\"S20DE SC8 S2\" id=\"t30_122\">on intangibles, section licenses, for </span><span class=\"S20DF SC8 S2\" id=\"t31_122\">further information about present </span><span class=\"S20E0 SC8 S2\" id=\"t32_122\">year`s changes. </span><span class=\"S20E1 SC8 S2\" id=\"t33_122\">Green farming licenses are licenses </span><span class=\"S20E2 SC8 S2\" id=\"t34_122\">that were awarded in 2015 via a </span><span class=\"S20E3 SC8 S2\" id=\"t35_122\">dedicated licensing round. Special </span><span class=\"S20E4 SC8 S2\" id=\"t36_122\">conditions were attached to these </span><span class=\"S20E5 SC8 S2\" id=\"t37_122\">licenses, mainly concerning </span><span class=\"S20E6 SC8 S2\" id=\"t38_122\">environmental improvement measures. </span><span class=\"S20E7 SC8 S2\" id=\"t39_122\">The licenses were awarded via open </span><span class=\"S20E8 SC8 S2\" id=\"t3a_122\">auctions or competitively, based on </span><span class=\"S1FC7 SC8 S2\" id=\"t3b_122\">environmentally focused technology </span><span class=\"S20E9 SC8 S2\" id=\"t3c_122\">and operating concepts. </span><span class=\"S20EA SC8 S2\" id=\"t3d_122\">Demonstration licenses are licenses </span><span class=\"S20EB SC8 S2\" id=\"t3e_122\">de\ufb01ned for special purposes. </span><span class=\"S20EC SC8 S2\" id=\"t3f_122\">Demonstration licenses are granted to </span><span class=\"S20ED SC8 S2\" id=\"t3g_122\">enterprises in order to share knowledge </span><span class=\"S1BAF SC8 S2\" id=\"t3h_122\">of the aquaculture industry. Such </span><span class=\"S20EE SC8 S2\" id=\"t3i_122\">licenses are often operated in </span><span class=\"S20EF SC8 S2\" id=\"t3j_122\">cooperation with a non-commercial </span><span class=\"S20F0 SC8 S2\" id=\"t3k_122\">entity. </span><span class=\"S20F1 SC8 S2\" id=\"t3l_122\">Teaching licenses are another kind of </span><span class=\"S20F2 SC8 S2\" id=\"t3m_122\">special-purpose license and are </span><span class=\"S20F3 SC8 S2\" id=\"t3n_122\">allocated to disseminate knowledge </span><span class=\"S20F4 SC8 S2\" id=\"t3o_122\">of the \ufb01sh farming industry. The </span><span class=\"S20F5 SC8 S2\" id=\"t3p_122\">licenses are linked to speci\ufb01c </span><span class=\"S1D6E SC8 S2\" id=\"t3q_122\">educational institutions and are thus </span><span class=\"S20F6 SC8 S2\" id=\"t3r_122\">regulated by the county. </span><span class=\"S20F7 SC8 S2\" id=\"t3s_122\">Research and development licenses </span><span class=\"S20F8 SC8 S2\" id=\"t3t_122\">are licenses awarded in connection </span><span class=\"S1D73 SC8 S2\" id=\"t3u_122\">with research and development </span><span class=\"S20F9 SC8 S2\" id=\"t3v_122\">projects in the industry, where </span><span class=\"S20FA SC8 S2\" id=\"t3w_122\">dedicated licenses are required to </span><span class=\"S20FB SC8 S2\" id=\"t3x_122\">carry out the R&amp;D activity. </span><span class=\"S20FC SC8 S2\" id=\"t3y_122\">Slaughter cage licenses are </span><span class=\"S1FDF SC8 S2\" id=\"t3z_122\">allocated for the use of sea cages for </span><span class=\"S20FD SC8 S2\" id=\"t40_122\">live \ufb01sh for slaughter. These licenses </span><span class=\"S20FE SC8 S2\" id=\"t41_122\">are linked to a speci\ufb01c location, which </span><span class=\"S20FF SC8 S2\" id=\"t42_122\">is the Group\u2019s slaughtering plant for </span><span class=\"S2100 SC8 S2\" id=\"t43_122\">salmon and trout. </span><span class=\"S2101 SC8 S2\" id=\"t44_122\">Parent \ufb01sh licenses are also licenses </span><span class=\"S2102 SC8 S2\" id=\"t45_122\">de\ufb01ned for special purposes. Parent </span><span class=\"S2103 SC8 S2\" id=\"t46_122\">\ufb01sh licenses are granted for the </span><span class=\"S2104 SC8 S2\" id=\"t47_122\">production of salmon roe utilised to </span><span class=\"S2105 SC8 S2\" id=\"t48_122\">produce juvenile \ufb01sh. </span><span class=\"S1E8C SC8 S2\" id=\"t49_122\">Juvenile \ufb01sh licenses are licenses to </span><span class=\"S2106 SC8 S2\" id=\"t4a_122\">produce juvenile salmon and trout in </span><span class=\"S2107 SC8 S2\" id=\"t4b_122\">fresh water that in total authorise the </span><span class=\"S2108 SC8 S2\" id=\"t4c_122\">license holder to produce a speci\ufb01c </span><span class=\"S2109 SC8 S2\" id=\"t4d_122\">number of juvenile salmon and trout. </span><span class=\"S210A S1E31 S2\" id=\"t1_123\">however result in less predictability </span><span class=\"S210B S1E31 S2\" id=\"t2_123\">for the entities than licenses without </span><span class=\"S210C S1E31 S2\" id=\"t3_123\">time limitations. Predictability is key as </span><span class=\"S210D S1E31 S2\" id=\"t4_123\">breeding and parent \ufb01sh production </span><span class=\"S1D8F S1E31 S2\" id=\"t5_123\">is a time-consuming and resource- </span><span class=\"S210E S1E31 S2\" id=\"t6_123\">intensive activity, but this is provided </span><span class=\"S1F28 S1E31 S2\" id=\"t7_123\">for by (...) a \ufb01xed-term period with </span><span class=\"S1CB6 S1E31 S2\" id=\"t8_123\">clearly de\ufb01ned predictability for </span><span class=\"S210F S1E31 S2\" id=\"t9_123\">extension.\" </span><span class=\"S2110 SC8 S2\" id=\"ta_123\">IAS 38.94 states that if the contractual </span><span class=\"S1F2D SC8 S2\" id=\"tb_123\">or legal rights are assigned for a </span><span class=\"S1FF9 SC8 S2\" id=\"tc_123\">limited period of time that can be </span><span class=\"S2111 SC8 S2\" id=\"td_123\">renewed, the useful life of the </span><span class=\"S2112 SC8 S2\" id=\"te_123\">intangible asset should include the </span><span class=\"S2113 SC8 S2\" id=\"tf_123\">renewal period(s) only if there is </span><span class=\"S2114 SC8 S2\" id=\"tg_123\">documented evidence to support that </span><span class=\"S1CBF SC8 S2\" id=\"th_123\">the cost of the renewal for the entity </span><span class=\"S2115 SC8 S2\" id=\"ti_123\">is not signi\ufb01cant. IAS 38.96 provides </span><span class=\"S2116 SC8 S2\" id=\"tj_123\">guidelines describing factors that </span><span class=\"S2117 SC8 S2\" id=\"tk_123\">can be included in this assessment. </span><span class=\"S2118 SC8 S2\" id=\"tl_123\">The following factors have been </span><span class=\"S2119 SC8 S2\" id=\"tm_123\">central to LSG\u2019s assessment of </span><span class=\"S1DA0 SC8 S2\" id=\"tn_123\">inde\ufb01nite useful life for the parent </span><span class=\"S211A SC8 S2\" id=\"to_123\">\ufb01sh licenses: </span><span class=\"S211B SC8 S2\" id=\"tp_123\">a) the entity\u2019s licenses have always </span><span class=\"S211C SC8 S2\" id=\"tq_123\">been renewed. Renewal does not </span><span class=\"S211D SC8 S2\" id=\"tr_123\">require third-party consent, but is </span><span class=\"S211E SC8 S2\" id=\"ts_123\">based on factors that are under </span><span class=\"S211F SC8 S2\" id=\"tt_123\">the control of the entity, i.e. the </span><span class=\"S2120 SC8 S2\" id=\"tu_123\">terms of the license are met and </span><span class=\"S2121 SC8 S2\" id=\"tv_123\">an application for renewal has </span><span class=\"S2122 SC8 S2\" id=\"tw_123\">been submitted before the expiry </span><span class=\"S2123 SC8 S2\" id=\"tx_123\">of the 15-year period. The main </span><span class=\"S2124 SC8 S2\" id=\"ty_123\">condition for renewal is that parent </span><span class=\"S2125 SC8 S2\" id=\"tz_123\">\ufb01sh production is carried out in </span><span class=\"S2126 SC8 S2\" id=\"t10_123\">connection with a breeding system. </span><span class=\"S2127 SC8 S2\" id=\"t11_123\">Parent \ufb01sh production will continue </span><span class=\"S2128 SC8 S2\" id=\"t12_123\">to be an integral part of LSG\u2019s value </span><span class=\"S2129 SC8 S2\" id=\"t13_123\">chain, and as such this requirement </span><span class=\"S212A SC8 S2\" id=\"t14_123\">will be met. </span><span class=\"S212B SC8 S2\" id=\"t15_123\">b) the entity can document ful\ufb01lment </span><span class=\"S212C SC8 S2\" id=\"t16_123\">of the license conditions, </span><span class=\"S212D SC8 S2\" id=\"t17_123\">c) the cost to the entity for renewal is </span><span class=\"S212E SC8 S2\" id=\"t18_123\">not signi\ufb01cant, when compared </span><span class=\"S212F SC8 S2\" id=\"t19_123\">with the future economic bene\ufb01ts </span><span class=\"S2130 SC8 S2\" id=\"t1a_123\">expected to \ufb02ow to the entity from </span><span class=\"S2131 SC8 S2\" id=\"t1b_123\">renewal. </span><span class=\"S2132 S2197 S2\" id=\"t1c_123\">Demonstration licenses </span><span class=\"S2133 SC8 S2\" id=\"t1d_123\">The Group\u2019s demonstration licenses </span><span class=\"S2134 SC8 S2\" id=\"t1e_123\">are allocated for a period of 10 years. </span><span class=\"S2135 SC8 S2\" id=\"t1f_123\">Applications can be submitted for </span><span class=\"S2136 SC8 S2\" id=\"t1g_123\">renewal of demonstration licenses </span><span class=\"S2137 SC8 S2\" id=\"t1h_123\">provided that the terms for the license </span><span class=\"S1CE3 SC8 S2\" id=\"t1i_123\">are met pursuant to the Aquaculture </span><span class=\"S201F SC8 S2\" id=\"t1j_123\">Act. As with parent \ufb01sh licenses, this </span><span class=\"S2138 SC8 S2\" id=\"t1k_123\">type of license is de\ufb01ned as being for </span><span class=\"S2139 S1C40 S2\" id=\"t1l_123\">Assessment of economic life </span><span class=\"S213A SC8 S2\" id=\"t1m_123\">According to past and present </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_123\">legislation and the general </span><span class=\"S213B SC8 S2\" id=\"t1o_123\">interpretation and practice in the </span><span class=\"S213C SC8 S2\" id=\"t1p_123\">industry, Norwegian \ufb01sh farming </span><span class=\"S213D SC8 S2\" id=\"t1q_123\">licenses are not a time-limited right, </span><span class=\"S213E SC8 S2\" id=\"t1r_123\">and licenses should therefore not be </span><span class=\"S213F SC8 S2\" id=\"t1s_123\">subject to amortisation. Where time- </span><span class=\"S2140 SC8 S2\" id=\"t1t_123\">limited R&amp;D licenses, demonstration </span><span class=\"S2141 SC8 S2\" id=\"t1u_123\">licenses and educational licenses are </span><span class=\"S2142 SC8 S2\" id=\"t1v_123\">concerned, these are awarded free </span><span class=\"S2143 SC8 S2\" id=\"t1w_123\">of charge, so amortisation is normally </span><span class=\"S2144 SC8 S2\" id=\"t1x_123\">not relevant. However, in cases where </span><span class=\"S2145 SC8 S2\" id=\"t1y_123\">related acquiring or renewing costs </span><span class=\"S2146 SC8 S2\" id=\"t1z_123\">are capitalised, they will be subjected </span><span class=\"S2147 SC8 S2\" id=\"t20_123\">to depreciation over the economic life. </span><span class=\"S2148 S2197 S2198 S2\" id=\"t21_123\">Grow-out licenses and juvenile \ufb01sh </span><span class=\"S2149 S2197 S2\" id=\"t22_123\">licenses </span><span class=\"S214A SC8 S2\" id=\"t23_123\">The following factors played a key </span><span class=\"S214B SC8 S2\" id=\"t24_123\">role in the assessment of whether </span><span class=\"S214C SC8 S2\" id=\"t25_123\">licenses have an inde\ufb01nite useful life, </span><span class=\"S214D SC8 S2\" id=\"t26_123\">with reference to the description of </span><span class=\"S214E SC8 S2\" id=\"t27_123\">the license types above: </span><span class=\"S2035 SC8 S2\" id=\"t28_123\">(1) No time limitation on the licenses </span><span class=\"S214F SC8 S2\" id=\"t29_123\">(2) Insigni\ufb01cant expenditure involved </span><span class=\"S2150 SC8 S2\" id=\"t2a_123\">in maintaining the licenses </span><span class=\"S1DDC SC8 S2\" id=\"t2b_123\">(3) High threshold for revocation of </span><span class=\"S2151 SC8 S2\" id=\"t2c_123\">licenses; this has never happened </span><span class=\"S2152 SC8 S2\" id=\"t2d_123\">in Norway </span><span class=\"S203B SC8 S2\" id=\"t2e_123\">It has also been noted that the </span><span class=\"S1DE1 SC8 S2\" id=\"t2f_123\">licenses are registered in the public </span><span class=\"S2153 SC8 S2\" id=\"t2g_123\">aquaculture register as being </span><span class=\"S2154 SC8 S2\" id=\"t2h_123\">without time limitation. </span><span class=\"S2155 SC8 S2\" id=\"t2i_123\">On this basis, the economic life is </span><span class=\"S2156 SC8 S2\" id=\"t2j_123\">assessed to be inde\ufb01nite for the </span><span class=\"S1C9E SC8 S2\" id=\"t2k_123\">grow-out licenses and juvenile \ufb01sh </span><span class=\"S2157 SC8 S2\" id=\"t2l_123\">licenses, in accordance with IAS 38.90. </span><span class=\"S2158 S2197 S2\" id=\"t2m_123\">Parent \ufb01sh licenses </span><span class=\"S2159 SC8 S2\" id=\"t2n_123\">As mentioned above, these licenses are </span><span class=\"S215A SC8 S2\" id=\"t2o_123\">granted for 15 years at a time, and </span><span class=\"S215B SC8 S2\" id=\"t2p_123\">applications can be submitted for </span><span class=\"S215C SC8 S2\" id=\"t2q_123\">renewal. In 2007, the duration of parent </span><span class=\"S215D SC8 S2\" id=\"t2r_123\">\ufb01sh licenses was amended from 10 </span><span class=\"S215E SC8 S2\" id=\"t2s_123\">years to 15 years (amendment to </span><span class=\"S215F SC8 S2\" id=\"t2t_123\">regulation dated 14 August 2007 no. </span><span class=\"S2160 SC8 S2\" id=\"t2u_123\">986). In the consultation document </span><span class=\"S2161 SC8 S2\" id=\"t2v_123\">dated 7 June 2007, the Ministry stated </span><span class=\"S2162 SC8 S2\" id=\"t2w_123\">the following regarding time limitation </span><span class=\"S2163 SC8 S2\" id=\"t2x_123\">for parent \ufb01sh licenses in item 3.3: </span><span class=\"S2164 S1E31 S2\" id=\"t2y_123\">\"The recommendation implies that </span><span class=\"S2165 S1E31 S2\" id=\"t2z_123\">the licenses shall be time-limited for </span><span class=\"S2166 S1E31 S2\" id=\"t30_123\">a period (...) with clearly de\ufb01ned </span><span class=\"S2167 S1E31 S2\" id=\"t31_123\">predictability for extension of new </span><span class=\"S1CAF S1E31 S2\" id=\"t32_123\">periods. Time-limited licenses may </span><span class=\"S2168 SC8 S2\" id=\"t33_123\">license are met pursuant to the </span><span class=\"S2169 SC8 S2\" id=\"t34_123\">Aquaculture Act. </span><span class=\"S216A S1C40 S2\" id=\"t35_123\">Regulations relating to right of use: </span><span class=\"S216B S1C40 S2\" id=\"t36_123\">transfer, lease, moving etc. </span><span class=\"S216C SC8 S2\" id=\"t37_123\">All licenses can be transferred pursuant </span><span class=\"S216D SC8 S2\" id=\"t38_123\">to section 19 of the Aquaculture Act, </span><span class=\"S1C47 SC8 S2\" id=\"t39_123\">and can be mortgaged pursuant to </span><span class=\"S216E SC8 S2\" id=\"t3a_123\">section 20 of the Act. An aquaculture </span><span class=\"S216F SC8 S2\" id=\"t3b_123\">register is kept of all aquaculture </span><span class=\"S2170 SC8 S2\" id=\"t3c_123\">licenses where transfers and </span><span class=\"S2171 SC8 S2\" id=\"t3d_123\">mortgaging are registered. The leasing </span><span class=\"S2172 SC8 S2\" id=\"t3e_123\">of aquaculture licenses or license </span><span class=\"S2173 SC8 S2\" id=\"t3f_123\">capacity is not permitted. Grow-out </span><span class=\"S2174 SC8 S2\" id=\"t3g_123\">licenses and parent \ufb01sh licenses can be </span><span class=\"S2175 SC8 S2\" id=\"t3h_123\">linked to different locations, but there </span><span class=\"S2176 SC8 S2\" id=\"t3i_123\">are certain limitations on moving of </span><span class=\"S2177 SC8 S2\" id=\"t3j_123\">licenses between the regions de\ufb01ned </span><span class=\"S2178 SC8 S2\" id=\"t3k_123\">by the Directorate of Fisheries. In </span><span class=\"S2179 SC8 S2\" id=\"t3l_123\">practice, this means that licenses </span><span class=\"S217A SC8 S2\" id=\"t3m_123\">cannot be moved between de\ufb01ned </span><span class=\"S217B SC8 S2\" id=\"t3n_123\">regions, which typically follow county </span><span class=\"S217C SC8 S2\" id=\"t3o_123\">borders. Juvenile \ufb01sh licenses are </span><span class=\"S1ED6 SC8 S2\" id=\"t3p_123\">attached to one locality \u2013 the locality </span><span class=\"S217D SC8 S2\" id=\"t3q_123\">for which the license applies. </span><span class=\"S217E S1C40 S2\" id=\"t3r_123\">Costs related to licenses </span><span class=\"S217F SC8 S2\" id=\"t3s_123\">Payment has been required for new </span><span class=\"S2180 SC8 S2\" id=\"t3t_123\">licenses granted during more recent </span><span class=\"S1E13 SC8 S2\" id=\"t3u_123\">allocation rounds. The amount of the </span><span class=\"S2181 SC8 S2\" id=\"t3v_123\">payment depends on the allocation </span><span class=\"S2182 SC8 S2\" id=\"t3w_123\">criteria, including for example a \ufb01xed </span><span class=\"S2183 SC8 S2\" id=\"t3x_123\">price versus the auction principle. </span><span class=\"S2184 SC8 S2\" id=\"t3y_123\">Given that there is no requirement to </span><span class=\"S2185 SC8 S2\" id=\"t3z_123\">apply for renewal of licenses, then </span><span class=\"S2186 SC8 S2\" id=\"t40_123\">there are no costs involved in license </span><span class=\"S2187 SC8 S2\" id=\"t41_123\">renewal. </span><span class=\"S2188 SC8 S2\" id=\"t42_123\">The costs of maintaining aquaculture </span><span class=\"S2189 SC8 S2\" id=\"t43_123\">licenses in Norway are insigni\ufb01cant. </span><span class=\"S218A SC8 S2\" id=\"t44_123\">There are no annual fees or other </span><span class=\"S218B SC8 S2\" id=\"t45_123\">types of duties linked to the actual </span><span class=\"S218C SC8 S2\" id=\"t46_123\">license. However, there are certain </span><span class=\"S218D SC8 S2\" id=\"t47_123\">fees to be paid for inspection and </span><span class=\"S218E SC8 S2\" id=\"t48_123\">control of the licenses. Fees also have </span><span class=\"S218F SC8 S2\" id=\"t49_123\">to be paid to establish new localities </span><span class=\"S2190 SC8 S2\" id=\"t4a_123\">and/or to extend/amend localities. </span><span class=\"S1C6D SC8 S2\" id=\"t4b_123\">As a main rule, an amount of twelve </span><span class=\"S2191 SC8 S2\" id=\"t4c_123\">thousand Norwegian krones is paid </span><span class=\"S2192 SC8 S2\" id=\"t4d_123\">per license covered by an application </span><span class=\"S1C70 SC8 S2\" id=\"t4e_123\">for amendment at locality level, cf. </span><span class=\"S1EEB SC8 S2\" id=\"t4f_123\">section 2 of the Regulation relating </span><span class=\"S2193 SC8 S2\" id=\"t4g_123\">to fees and duties for aquaculture </span><span class=\"S2194 SC8 S2\" id=\"t4h_123\">activities. All fees and costs are </span><span class=\"S1E2C SC8 S2\" id=\"t4i_123\">immediately recognised as an </span><span class=\"S2195 SC8 S2\" id=\"t4j_123\">operating expense. </span><span class=\"S1B9C SC8 S2\" id=\"t1_124\">special purposes. Both parent \ufb01sh </span><span class=\"S2199 SC8 S2\" id=\"t2_124\">and demonstration licenses are a </span><span class=\"S219A SC8 S2\" id=\"t3_124\">type of activity without any clear </span><span class=\"S219B SC8 S2\" id=\"t4_124\">time limitation. In principle, the same </span><span class=\"S219C SC8 S2\" id=\"t5_124\">factors as for parent \ufb01sh licenses will </span><span class=\"S219D SC8 S2\" id=\"t6_124\">apply to demonstration licenses. </span><span class=\"S219E S2197 S2\" id=\"t7_124\">Teaching licenses </span><span class=\"S219F SC8 S2\" id=\"t8_124\">With one exception, the Group\u2019s </span><span class=\"S21A0 SC8 S2\" id=\"t9_124\">teaching licenses have been allocated </span><span class=\"S1BA6 SC8 S2\" id=\"ta_124\">for 10 years. Applications can be </span><span class=\"S1FC5 SC8 S2\" id=\"tb_124\">submitted for renewal of teaching </span><span class=\"S21A1 SC8 S2\" id=\"tc_124\">licenses provided that the terms for </span><span class=\"S21A2 SC8 S2\" id=\"td_124\">the license are met pursuant to the </span><span class=\"S21A3 SC8 S2\" id=\"te_124\">Aquaculture Act. The Group has also </span><span class=\"S21A4 SC8 S2\" id=\"tf_124\">taken over one teaching license </span><span class=\"S21A5 SC8 S2\" id=\"tg_124\">pursuant to an open-ended agreement </span><span class=\"S21A6 SC8 S2\" id=\"th_124\">with an educational institution. Since </span><span class=\"S21A7 SC8 S2\" id=\"ti_124\">the agreement has a limited </span><span class=\"S1FCB SC8 S2\" id=\"tj_124\">unde\ufb01ned useful life, its duration has </span><span class=\"S21A8 SC8 S2\" id=\"tk_124\">been estimated at one year. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9664": {
   "value": "<span class=\"S1CC9 S1C40 S2\" id=\"t3t_115\">Goodwill </span><span class=\"S1CCA SC8 S2\" id=\"t3u_115\">Goodwill represents the residual value </span><span class=\"S1CCB SC8 S2\" id=\"t3v_115\">that cannot be assigned to other </span><span class=\"S1CCC SC8 S2\" id=\"t3w_115\">assets or liabilities on acquisition of </span><span class=\"S1CCD SC8 S2\" id=\"t3x_115\">a company or other assets. Deferred </span><span class=\"S1CCE SC8 S2\" id=\"t3y_115\">tax at date of acquisition on licenses </span><span class=\"S1CCF SC8 S2\" id=\"t3z_115\">with unlimited lifetime, increases </span><span class=\"S1CD0 SC8 S2\" id=\"t40_115\">goodwill. Goodwill in respect of the </span><span class=\"S1CD1 SC8 S2\" id=\"t41_115\">acquisition of subsidiaries is included </span><span class=\"S1CD2 SC8 S2\" id=\"t42_115\">in intangible assets, while goodwill in </span><span class=\"S1CD3 SC8 S2\" id=\"t43_115\">connection with the acquisition of </span><span class=\"S1CD4 SC8 S2\" id=\"t44_115\">associates is included in the item </span><span class=\"S1CD5 SC8 S2\" id=\"t45_115\">\u201cShares in associates\u201d. From each </span><span class=\"S1CD6 SC8 S2\" id=\"t46_115\">business combination goodwill is </span><span class=\"S1CD7 SC8 S2\" id=\"t47_115\">allocated to a cash generating unit </span><span class=\"S1CD8 SC8 S2\" id=\"t48_115\">(CGU). Goodwill is not amortised </span><span class=\"S1CD9 SC8 S2\" id=\"t49_115\">(after 1 January 2004), but is reviewed </span><span class=\"S1CDA SC8 S2\" id=\"t4a_115\">annually for any impairment and </span><span class=\"S1CDB SC8 S2\" id=\"t4b_115\">carried on the balance sheet at cost </span><span class=\"S1CDC SC8 S2\" id=\"t4c_115\">price less accumulated write-downs. </span><span class=\"S1CDD SC8 S2\" id=\"t4d_115\">When assessing the need to write </span><span class=\"S1CDE SC8 S2\" id=\"t4e_115\">down the value of goodwill, this is </span><span class=\"S1CDF SC8 S2\" id=\"t4f_115\">allocated to applicable cash- </span><span class=\"S1CE0 SC8 S2\" id=\"t4g_115\">generating units. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9689": {
   "value": "<span class=\"S1CE1 S1C40 S2\" id=\"t4h_115\">Licences/rights </span><span class=\"S1CE2 SC8 S2\" id=\"t4i_115\">The Group\u2019s licenses can be split into </span><span class=\"S1CE3 SC8 S2\" id=\"t4j_115\">two main groups: (1) Licences related </span><span class=\"S1CE4 SC8 S2\" id=\"t4k_115\">to farming and (2) licenses related to </span><span class=\"S1CE5 SC8 S2\" id=\"t4l_115\">wild catches (\ufb01shing rights). In </span><span class=\"S1D19 SC8 S2\" id=\"t1k_116\">distinguishes between time-limited </span><span class=\"S1D1A SC8 S2\" id=\"t1l_116\">water rights, which are amortised </span><span class=\"S1D1B SC8 S2\" id=\"t1m_116\">over their lifetime, and water rights </span><span class=\"S1D1C SC8 S2\" id=\"t1n_116\">with no time limit, which are not </span><span class=\"S1D1D SC8 S2\" id=\"t1o_116\">amortised but are tested annually for </span><span class=\"S1D1E SC8 S2\" id=\"t1p_116\">impairment. Other intangible assets </span><span class=\"S1D1F SC8 S2\" id=\"t1q_116\">comprise rights that are amortised </span><span class=\"S1D20 SC8 S2\" id=\"t1r_116\">over their lifetime (contractual period). </span><span class=\"S1D53 SC8 S2\" id=\"t38_116\">addition, the Group has some </span><span class=\"S1D54 SC8 S2\" id=\"t39_116\">intellectual property rights. </span><span class=\"S1D55 SC8 S2\" id=\"t3a_116\">Licences related to farming are not </span><span class=\"S1D56 SC8 S2\" id=\"t3b_116\">amortised. Licences are carried at </span><span class=\"S1BA1 SC8 S2\" id=\"t3c_116\">cost price less any accumulated </span><span class=\"S1D57 SC8 S2\" id=\"t3d_116\">write-downs. Licences are tested </span><span class=\"S1D58 SC8 S2\" id=\"t3e_116\">annually for impairment. An overview </span><span class=\"S1D59 SC8 S2\" id=\"t3f_116\">of the different licenses involved in </span><span class=\"S1D5A SC8 S2\" id=\"t3g_116\">this operating segment, in terms of </span><span class=\"S1D5B SC8 S2\" id=\"t3h_116\">type, number and volume, is provided </span><span class=\"S1D5C SC8 S2\" id=\"t3i_116\">in the note on intangible assets. A </span><span class=\"S1D5D SC8 S2\" id=\"t3j_116\">more detailed explanation supporting </span><span class=\"S1D5E SC8 S2\" id=\"t3k_116\">the assessment that the assets have </span><span class=\"S1D5F SC8 S2\" id=\"t3l_116\">an inde\ufb01nite useful life is provided in </span><span class=\"S1D60 SC8 S2\" id=\"t3m_116\">item (X) at the end of the description </span><span class=\"S1D61 SC8 S2\" id=\"t3n_116\">of accounting policies. </span><span class=\"S1D62 SC8 S2\" id=\"t3o_116\">Fishing rights (the licenses) are valued </span><span class=\"S1D63 SC8 S2\" id=\"t3p_116\">at acquisition cost minus any </span><span class=\"S1D64 SC8 S2\" id=\"t3q_116\">accumulated amortisation and </span><span class=\"S1D65 SC8 S2\" id=\"t3r_116\">impairment loss. The licenses comprise </span><span class=\"S1D66 SC8 S2\" id=\"t3s_116\">basic quotas with no time limit and </span><span class=\"S1D67 SC8 S2\" id=\"t3t_116\">structural quotas with a time limit of </span><span class=\"S1D68 SC8 S2\" id=\"t3u_116\">20 and 25 years respectively. The </span><span class=\"S1D69 SC8 S2\" id=\"t3v_116\">structural quotas have a de\ufb01nite </span><span class=\"S1D6A SC8 S2\" id=\"t3w_116\">useful life and are amortised over the </span><span class=\"S1D6B SC8 S2\" id=\"t3x_116\">length of the structural period. The </span><span class=\"S1D6C SC8 S2\" id=\"t3y_116\">basic quotas have an inde\ufb01nite useful </span><span class=\"S1D6D SC8 S2\" id=\"t3z_116\">life and are not amortised, but they </span><span class=\"S1D6E SC8 S2\" id=\"t40_116\">are tested annually for impairment. </span><span class=\"S1D6F SC8 S2\" id=\"t41_116\">The structural quotas are amortised </span><span class=\"S1D70 SC8 S2\" id=\"t42_116\">over the remaining life of the quota </span><span class=\"S1D71 SC8 S2\" id=\"t43_116\">until the value is zero, as there is no </span><span class=\"S1D72 SC8 S2\" id=\"t44_116\">active market for the rights or any </span><span class=\"S1D73 SC8 S2\" id=\"t45_116\">commitment from a third party to </span><span class=\"S1D74 SC8 S2\" id=\"t46_116\">acquire the right once its useful life is </span><span class=\"S1D75 SC8 S2\" id=\"t47_116\">over. Pursuant to White Paper no. 21 </span><span class=\"S1D76 SC8 S2\" id=\"t48_116\">(2006-2007) (Structural policy for the </span><span class=\"S1D77 SC8 S2\" id=\"t49_116\">\ufb01shing \ufb02eet), the structural quotas </span><span class=\"S1D78 SC8 S2\" id=\"t4a_116\">with pre-speci\ufb01ed time limits after </span><span class=\"S1D79 SC8 S2\" id=\"t4b_116\">expiry of the allocation period will be </span><span class=\"S1D7A SC8 S2\" id=\"t4c_116\">redistributed among the \"cod trawler\" </span><span class=\"S1D7B SC8 S2\" id=\"t4d_116\">group of vessels, thereby becoming </span><span class=\"S1D7C SC8 S2\" id=\"t4e_116\">part of the vessels\u2019 basic quota. This </span><span class=\"S1D7D SC8 S2\" id=\"t4f_116\">implies that if a vessel has structures </span><span class=\"S1D7E SC8 S2\" id=\"t4g_116\">that are in accordance with the </span><span class=\"S1D7F SC8 S2\" id=\"t4h_116\">average for the group of vessels, a </span><span class=\"S1D80 SC8 S2\" id=\"t4i_116\">vessel will be able to maintain </span><span class=\"S1D81 SC8 S2\" id=\"t4j_116\">practically the same catch volume once </span><span class=\"S1D82 SC8 S2\" id=\"t4k_116\">the period for the structural quotas has </span><span class=\"S1D83 SC8 S2\" id=\"t4l_116\">expired. More detailed information </span><span class=\"S1D84 SC8 S2\" id=\"t4m_116\">on licenses/\ufb01shing rights is provided </span><span class=\"S1BCD SC8 S2\" id=\"t4n_116\">in note on intangible assets. </span><span class=\"S1D85 SC8 S2\" id=\"t4o_116\">The major share of other intangible </span><span class=\"S1D86 SC8 S2\" id=\"t4p_116\">assets comprises water rights within </span><span class=\"S1D87 SC8 S2\" id=\"t4q_116\">farming (smolt production). The Group </span><span class=\"S1FEE S1C40 S2\" id=\"t1_121\">Main terms and conditions for license </span><span class=\"S1FEF S1C40 S2\" id=\"t2_121\">type </span><span class=\"S1FF0 SC8 S2\" id=\"t3_121\">Since January 2005, the limitations </span><span class=\"S1FF1 SC8 S2\" id=\"t4_121\">on production established for </span><span class=\"S1D8F SC8 S2\" id=\"t5_121\">aquaculture licenses for salmon and </span><span class=\"S1FF2 SC8 S2\" id=\"t6_121\">trout have been governed according </span><span class=\"S1FF3 SC8 S2\" id=\"t7_121\">to a scheme known as Maximum </span><span class=\"S1FF4 SC8 S2\" id=\"t8_121\">Allowable Biomass (MAB). This speci\ufb01es </span><span class=\"S1FF5 SC8 S2\" id=\"t9_121\">the maximum biomass in the sea </span><span class=\"S1FF6 SC8 S2\" id=\"ta_121\">that a license holder can have at any </span><span class=\"S1FF7 SC8 S2\" id=\"tb_121\">given time. The Group has a suf\ufb01cient </span><span class=\"S1FF8 SC8 S2\" id=\"tc_121\">number of localities (locality MAB) in </span><span class=\"S1FF9 SC8 S2\" id=\"td_121\">the different regions to achieve a </span><span class=\"S1FFA SC8 S2\" id=\"te_121\">satisfactory exploitation of the Group\u2019s </span><span class=\"S1CBC SC8 S2\" id=\"tf_121\">total MAB. All commercial licenses for </span><span class=\"S1FFB SC8 S2\" id=\"tg_121\">production of salmon and trout in sea </span><span class=\"S1FFC SC8 S2\" id=\"th_121\">are currently operational. The following </span><span class=\"S1FFD SC8 S2\" id=\"ti_121\">regulations regarding production </span><span class=\"S1FFE SC8 S2\" id=\"tj_121\">limitations apply to the different </span><span class=\"S1FFF SC8 S2\" id=\"tk_121\">types of licenses held by the Group: </span><span class=\"S1CC3 SC8 S2\" id=\"tl_121\">Grow-out licenses are limited in </span><span class=\"S2000 SC8 S2\" id=\"tm_121\">number, i.e. the enterprises are only </span><span class=\"S1DA0 SC8 S2\" id=\"tn_121\">granted new licenses or more </span><span class=\"S2001 SC8 S2\" id=\"to_121\">production volume subsequent to </span><span class=\"S2002 SC8 S2\" id=\"tp_121\">politically adopted allocation rounds. </span><span class=\"S2003 SC8 S2\" id=\"tq_121\">The maximum allowable biomass </span><span class=\"S2004 SC8 S2\" id=\"tr_121\">(MAB) has previously been 780 tonnes </span><span class=\"S2005 SC8 S2\" id=\"ts_121\">of salmon or trout per license. The </span><span class=\"S2006 SC8 S2\" id=\"tt_121\">maximum allowable biomass (MAB) for </span><span class=\"S2007 SC8 S2\" id=\"tu_121\">the counties of Troms and Finnmark </span><span class=\"S2008 SC8 S2\" id=\"tv_121\">(North Norway) has previously been </span><span class=\"S2009 SC8 S2\" id=\"tw_121\">945 tonnes of salmon or trout per </span><span class=\"S200A SC8 S2\" id=\"tx_121\">license. Following the political decision </span><span class=\"S200B SC8 S2\" id=\"ty_121\">taken in 2017 that it should be possible </span><span class=\"S200C SC8 S2\" id=\"tz_121\">to allocate percentage growth per </span><span class=\"S200D SC8 S2\" id=\"t10_121\">license based on various conditions, a </span><span class=\"S200E SC8 S2\" id=\"t11_121\">\ufb01xed maximum allowable biomass per </span><span class=\"S200F SC8 S2\" id=\"t12_121\">license is no longer speci\ufb01ed. The </span><span class=\"S2010 SC8 S2\" id=\"t13_121\">system has been named the \"traf\ufb01c </span><span class=\"S2011 SC8 S2\" id=\"t14_121\">light system\". The traf\ufb01c light system </span><span class=\"S2012 SC8 S2\" id=\"t15_121\">is meant as a permanent framework </span><span class=\"S2013 SC8 S2\" id=\"t16_121\">for mitigating growth in Norwegian </span><span class=\"S2014 SC8 S2\" id=\"t17_121\">aquaculture. In this system the </span><span class=\"S2015 SC8 S2\" id=\"t18_121\">Norwegian coastline was divided </span><span class=\"S2016 SC8 S2\" id=\"t19_121\">into 13 different production areas. </span><span class=\"S2017 SC8 S2\" id=\"t1a_121\">With a frequency of 2 years, the </span><span class=\"S2018 SC8 S2\" id=\"t1b_121\">different areas are colored red, </span><span class=\"S1DB8 SC8 S2\" id=\"t1c_121\">yellow, or green, based on certain </span><span class=\"S2019 SC8 S2\" id=\"t1d_121\">criteria. In areas colored red the </span><span class=\"S1F52 SC8 S2\" id=\"t1e_121\">maximum production volumes are </span><span class=\"S201A SC8 S2\" id=\"t1f_121\">reduced. In yellow areas there is no </span><span class=\"S201B SC8 S2\" id=\"t1g_121\">change. In green areas, it is opened </span><span class=\"S201C SC8 S2\" id=\"t1h_121\">for growth. A certain portion of the </span><span class=\"S201D SC8 S2\" id=\"t1i_121\">growth are offered to the farmers at </span><span class=\"S201E SC8 S2\" id=\"t1j_121\">a \ufb01xed price, while the remaining </span><span class=\"S201F SC8 S2\" id=\"t1k_121\">portion are offered at auction. The </span><span class=\"S2020 SC8 S2\" id=\"t1l_121\">farmers are free to choose to purchase </span><span class=\"S2021 SC7 S2\" id=\"t1m_121\">(X) Inde\ufb01nite useful life (no </span><span class=\"S2022 SC7 S2\" id=\"t1n_121\">amortisation) of licenses </span><span class=\"S1EF3 SC8 S2\" id=\"t1o_121\">Below is a detailed description of the </span><span class=\"S1C7B SC8 S2\" id=\"t1p_121\">Group\u2019s assessments in situations </span><span class=\"S2023 SC8 S2\" id=\"t1q_121\">where the Group has established </span><span class=\"S2024 SC8 S2\" id=\"t1r_121\">that an asset has an inde\ufb01nite useful </span><span class=\"S2025 SC8 S2\" id=\"t1s_121\">life, cf. IAS 38.122. Intangible assets </span><span class=\"S2026 SC8 S2\" id=\"t1t_121\">with an inde\ufb01nite useful life are not </span><span class=\"S2027 SC8 S2\" id=\"t1u_121\">amortised but tested for impairment </span><span class=\"S2028 SC8 S2\" id=\"t1v_121\">once a year as a minimum. Please </span><span class=\"S2029 SC8 S2\" id=\"t1w_121\">refer to the note on intangible assets </span><span class=\"S202A SC8 S2\" id=\"t1x_121\">for information on the impairment test. </span><span class=\"S202B S1C40 S2\" id=\"t1y_121\">Licence scheme in Norway </span><span class=\"S1EFB SC8 S2\" id=\"t1z_121\">The license scheme for production of </span><span class=\"S202C SC8 S2\" id=\"t20_121\">salmon and trout in Norway was </span><span class=\"S202D SC8 S2\" id=\"t21_121\">introduced by the Storting (the </span><span class=\"S202E SC8 S2\" id=\"t22_121\">Norwegian Parliament) and adopted </span><span class=\"S202F SC8 S2\" id=\"t23_121\">in the Norwegian Act relating to </span><span class=\"S2030 SC8 S2\" id=\"t24_121\">aquaculture (Aquaculture Act). The </span><span class=\"S2031 SC8 S2\" id=\"t25_121\">Ministry of Trade, Industry and </span><span class=\"S2032 SC8 S2\" id=\"t26_121\">Fisheries is responsible for allocation </span><span class=\"S2033 SC8 S2\" id=\"t27_121\">of aquaculture permits (licenses). All </span><span class=\"S2034 SC8 S2\" id=\"t28_121\">activities involving aquaculture require </span><span class=\"S2035 SC8 S2\" id=\"t29_121\">a license. It is prohibited to farm </span><span class=\"S2036 SC8 S2\" id=\"t2a_121\">salmon/trout without a license from </span><span class=\"S2037 SC8 S2\" id=\"t2b_121\">the authorities, cf. section 4 of the </span><span class=\"S2038 SC8 S2\" id=\"t2c_121\">Aquaculture Act. All licenses are </span><span class=\"S2039 SC8 S2\" id=\"t2d_121\">governed by the same regulations </span><span class=\"S203A SC8 S2\" id=\"t2e_121\">(the current Aquaculture Act with </span><span class=\"S1DDF SC8 S2\" id=\"t2f_121\">provisions) irrespective of when the </span><span class=\"S203B SC8 S2\" id=\"t2g_121\">license was allocated. </span><span class=\"S203C SC8 S2\" id=\"t2h_121\">LSG\u2019s aquaculture permit entitles the </span><span class=\"S203D SC8 S2\" id=\"t2i_121\">Group to produce salmon and trout in </span><span class=\"S203E SC8 S2\" id=\"t2j_121\">delimited geographic areas (localities), </span><span class=\"S203F SC8 S2\" id=\"t2k_121\">according to the prevailing </span><span class=\"S2040 SC8 S2\" id=\"t2l_121\">limitations established at any given </span><span class=\"S2041 SC8 S2\" id=\"t2m_121\">time regarding the scope of the permit. </span><span class=\"S2042 SC8 S2\" id=\"t2n_121\">The Ministry may prescribe detailed </span><span class=\"S2043 SC8 S2\" id=\"t2o_121\">provisions relating to the content of </span><span class=\"S2044 SC8 S2\" id=\"t2p_121\">the aquaculture licenses by </span><span class=\"S2045 SC8 S2\" id=\"t2q_121\">administrative decision or regulations. </span><span class=\"S2046 SC8 S2\" id=\"t2r_121\">The Aquaculture Act is administered </span><span class=\"S2047 SC8 S2\" id=\"t2s_121\">centrally by the Ministry of Trade, </span><span class=\"S2048 SC8 S2\" id=\"t2t_121\">Industry and Fisheries, and the </span><span class=\"S1F18 SC8 S2\" id=\"t2u_121\">Directorate of Fisheries is the </span><span class=\"S2049 SC8 S2\" id=\"t2v_121\">supervisory authority. Regionally, there </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_121\">are a number of sector authorities </span><span class=\"S204A SC8 S2\" id=\"t2x_121\">that together represent a complete </span><span class=\"S204B SC8 S2\" id=\"t2y_121\">administrative and supervisory </span><span class=\"S204C SC8 S2\" id=\"t2z_121\">authority within the area governed by </span><span class=\"S204D SC8 S2\" id=\"t30_121\">the Aquaculture Act. The individual </span><span class=\"S204E SC8 S2\" id=\"t31_121\">county is the regional administrative </span><span class=\"S204F SC8 S2\" id=\"t32_121\">body, and the Directorate of Fisheries </span><span class=\"S2050 SC8 S2\" id=\"t33_121\">is the appellate body for issues </span><span class=\"S1CAF SC8 S2\" id=\"t34_121\">involving localities and licenses. </span><span class=\"S2081 SC8 S2\" id=\"t1_122\">of a license. Section 9 states that </span><span class=\"S2082 SC8 S2\" id=\"t2_122\">licenses may be revoked due to gross </span><span class=\"S2083 SC8 S2\" id=\"t3_122\">contravention of the provisions of the </span><span class=\"S2084 SC8 S2\" id=\"t4_122\">Act. We can con\ufb01rm that no operative </span><span class=\"S2085 SC8 S2\" id=\"t5_122\">licenses for salmon and trout have </span><span class=\"S2086 SC8 S2\" id=\"t6_122\">been revoked in Norway. </span><span class=\"S1E36 SC8 S2\" id=\"t7_122\">Research and development licenses </span><span class=\"S2087 SC8 S2\" id=\"t8_122\">are time-limited and apply in general </span><span class=\"S2088 SC8 S2\" id=\"t9_122\">for the duration of the project. They </span><span class=\"S2089 SC8 S2\" id=\"ta_122\">are often linked to the life cycle of the </span><span class=\"S208A SC8 S2\" id=\"tb_122\">salmon, i.e. three years. R&amp;D licenses </span><span class=\"S208B SC8 S2\" id=\"tc_122\">are managed in close cooperation with </span><span class=\"S208C SC8 S2\" id=\"td_122\">research groups, and an application </span><span class=\"S1CF4 SC8 S2\" id=\"te_122\">to extend them for a new three-year </span><span class=\"S1C14 SC8 S2\" id=\"tf_122\">period can be made after the project </span><span class=\"S208D SC8 S2\" id=\"tg_122\">has ended. </span><span class=\"S208E SC8 S2\" id=\"th_122\">The parent \ufb01sh licenses are granted for </span><span class=\"S208F SC8 S2\" id=\"ti_122\">15 years at a time, and applications </span><span class=\"S2090 SC8 S2\" id=\"tj_122\">have to be submitted for their renewal, </span><span class=\"S2091 SC8 S2\" id=\"tk_122\">provided that the license holder is </span><span class=\"S1C1B SC8 S2\" id=\"tl_122\">still involved in production of parent </span><span class=\"S2092 SC8 S2\" id=\"tm_122\">\ufb01sh for salmon or trout. Parent \ufb01sh </span><span class=\"S2093 SC8 S2\" id=\"tn_122\">production is an integral part of LSG\u2019s </span><span class=\"S2094 SC8 S2\" id=\"to_122\">value chain (parent \ufb01sh production </span><span class=\"S2095 SC8 S2\" id=\"tp_122\">takes place before production of roe </span><span class=\"S2096 SC8 S2\" id=\"tq_122\">and juvenile \ufb01sh in the value chain) </span><span class=\"S2097 SC8 S2\" id=\"tr_122\">and is therefore closely linked to the </span><span class=\"S2098 SC8 S2\" id=\"ts_122\">breeding system for salmon and trout. </span><span class=\"S2099 SC8 S2\" id=\"tt_122\">The Group\u2019s applications for renewal </span><span class=\"S209A SC8 S2\" id=\"tu_122\">of parent \ufb01sh licenses have always </span><span class=\"S209B SC8 S2\" id=\"tv_122\">been approved, in line with the </span><span class=\"S209C SC8 S2\" id=\"tw_122\">prevailing practice in the industry. </span><span class=\"S209D SC8 S2\" id=\"tx_122\">The licenses for slaughter cages are </span><span class=\"S209E SC8 S2\" id=\"ty_122\">allocated for 10 years at a time. </span><span class=\"S209F SC8 S2\" id=\"tz_122\">Applications can be submitted for </span><span class=\"S20A0 SC8 S2\" id=\"t10_122\">renewal of such licenses provided </span><span class=\"S20A1 SC8 S2\" id=\"t11_122\">that they are linked to an approved </span><span class=\"S20A2 SC8 S2\" id=\"t12_122\">slaughtering plant and only utilised </span><span class=\"S20A3 SC8 S2\" id=\"t13_122\">to keep \ufb01sh ready for slaughter in </span><span class=\"S20A4 SC8 S2\" id=\"t14_122\">immediate proximity to the </span><span class=\"S20A5 SC8 S2\" id=\"t15_122\">slaughtering plant. </span><span class=\"S20A6 SC8 S2\" id=\"t16_122\">The Group\u2019s demonstration licenses </span><span class=\"S1E54 SC8 S2\" id=\"t17_122\">are allocated for a period of 10 years. </span><span class=\"S20A7 SC8 S2\" id=\"t18_122\">Applications can be submitted for </span><span class=\"S20A8 SC8 S2\" id=\"t19_122\">renewal of demonstration licenses </span><span class=\"S20A9 SC8 S2\" id=\"t1a_122\">provided that the terms for the </span><span class=\"S20AA SC8 S2\" id=\"t1b_122\">license are met pursuant to the </span><span class=\"S20AB SC8 S2\" id=\"t1c_122\">Aquaculture Act. </span><span class=\"S20AC SC8 S2\" id=\"t1d_122\">The Group\u2019s teaching licenses have </span><span class=\"S1E5C SC8 S2\" id=\"t1e_122\">been allocated for 10 years. </span><span class=\"S1C39 SC8 S2\" id=\"t1f_122\">Applications can be submitted for </span><span class=\"S20AD SC8 S2\" id=\"t1g_122\">renewal of teaching licenses </span><span class=\"S1E5E SC8 S2\" id=\"t1h_122\">provided that the terms for the </span><span class=\"S20AE SC8 S2\" id=\"t1i_122\">There are certain limitations on the size </span><span class=\"S1BD2 SC8 S2\" id=\"t1j_122\">of juvenile \ufb01sh that may be produced </span><span class=\"S1D1B SC8 S2\" id=\"t1k_122\">according to the individual license. </span><span class=\"S20AF SC8 S2\" id=\"t1l_122\">Licences are granted on the basis of a </span><span class=\"S20B0 SC8 S2\" id=\"t1m_122\">discharge permit for a certain number </span><span class=\"S1F8C SC8 S2\" id=\"t1n_122\">of \ufb01sh/biomass with a maximum </span><span class=\"S20B1 SC8 S2\" id=\"t1o_122\">allowable feed consumption per year. </span><span class=\"S20B2 SC8 S2\" id=\"t1p_122\">In situations where the water source </span><span class=\"S20B3 SC8 S2\" id=\"t1q_122\">is owned by a third party, an </span><span class=\"S20B4 SC8 S2\" id=\"t1r_122\">agreement is also required governing </span><span class=\"S20B5 SC8 S2\" id=\"t1s_122\">the right to utilise the water source. </span><span class=\"S20B6 S1C40 S2\" id=\"t1t_122\">Duration and renewal </span><span class=\"S20B7 SC8 S2\" id=\"t1u_122\">Section 5, second paragraph of the </span><span class=\"S20B8 SC8 S2\" id=\"t1v_122\">Aquaculture Act reads: \"The Ministry </span><span class=\"S1D25 SC8 S2\" id=\"t1w_122\">may prescribe detailed provisions </span><span class=\"S20B9 SC8 S2\" id=\"t1x_122\">relating to the content of the </span><span class=\"S20BA SC8 S2\" id=\"t1y_122\">aquaculture licenses, including the </span><span class=\"S20BB SC8 S2\" id=\"t1z_122\">scope, time limitations, etc., by </span><span class=\"S20BC SC8 S2\" id=\"t20_122\">administrative decision or regulations.\" </span><span class=\"S20BD SC8 S2\" id=\"t21_122\">In the legislative background to the </span><span class=\"S20BE SC8 S2\" id=\"t22_122\">Aquaculture Act, White Paper no. 61 </span><span class=\"S20BF SC8 S2\" id=\"t23_122\">2004-2005, the following statement </span><span class=\"S20C0 SC8 S2\" id=\"t24_122\">can be found on page 59: \"It will remain </span><span class=\"S20C1 SC8 S2\" id=\"t25_122\">the case that licenses are normally </span><span class=\"S20C2 SC8 S2\" id=\"t26_122\">allocated without any speci\ufb01c time </span><span class=\"S20C3 SC8 S2\" id=\"t27_122\">limitation. Implementation of such </span><span class=\"S20C4 SC8 S2\" id=\"t28_122\">limitations should be reserved for those </span><span class=\"S1FA2 SC8 S2\" id=\"t29_122\">issues where a time limitation, based </span><span class=\"S20C5 SC8 S2\" id=\"t2a_122\">on the speci\ufb01c situation, provides for </span><span class=\"S20C6 SC8 S2\" id=\"t2b_122\">a more complete ful\ufb01lment of the Act </span><span class=\"S20C7 SC8 S2\" id=\"t2c_122\">than if the license were to be allocated </span><span class=\"S20C8 SC8 S2\" id=\"t2d_122\">without a time limitation.\" </span><span class=\"S20C9 SC8 S2\" id=\"t2e_122\">The duration of licenses is also </span><span class=\"S20CA SC8 S2\" id=\"t2f_122\">speci\ufb01ed by the Aquaculture Act, </span><span class=\"S20CB SC8 S2\" id=\"t2g_122\">which in its most recent revision </span><span class=\"S20CC SC8 S2\" id=\"t2h_122\">underlined ownership of licenses by </span><span class=\"S20CD SC8 S2\" id=\"t2i_122\">allowing the licenses to be mortgaged </span><span class=\"S20CE SC8 S2\" id=\"t2j_122\">to the bene\ufb01t of the lender. </span><span class=\"S20CF SC8 S2\" id=\"t2k_122\">There are no time limitations speci\ufb01ed </span><span class=\"S20D0 SC8 S2\" id=\"t2l_122\">in LSG\u2019s terms for grow-out and juvenile </span><span class=\"S20D1 SC8 S2\" id=\"t2m_122\">licenses, and they are therefore </span><span class=\"S20D2 SC8 S2\" id=\"t2n_122\">deemed to be time-inde\ufb01nite </span><span class=\"S20D3 SC8 S2\" id=\"t2o_122\">production rights according to the </span><span class=\"S20D4 SC8 S2\" id=\"t2p_122\">prevailing regulations. This also </span><span class=\"S20D5 SC8 S2\" id=\"t2q_122\">applies to green licenses. </span><span class=\"S1BFF SC8 S2\" id=\"t2r_122\">As the licenses are not bound by a </span><span class=\"S20D6 SC8 S2\" id=\"t2s_122\">time-limited period, there is no need </span><span class=\"S20D7 SC8 S2\" id=\"t2t_122\">to apply for their renewal. The licenses </span><span class=\"S20D8 SC8 S2\" id=\"t2u_122\">are deemed to be valid pursuant to </span><span class=\"S20D9 SC8 S2\" id=\"t2v_122\">the Aquaculture Act, unless they are </span><span class=\"S20DA SC8 S2\" id=\"t2w_122\">revoked in accordance with the Act. </span><span class=\"S20DB SC8 S2\" id=\"t2x_122\">Section 9 of the Aquaculture Act </span><span class=\"S20DC SC8 S2\" id=\"t2y_122\">describes the grounds for revocation </span><span class=\"S20DD SC8 S2\" id=\"t2z_122\">the offered growth or not. See note </span><span class=\"S20DE SC8 S2\" id=\"t30_122\">on intangibles, section licenses, for </span><span class=\"S20DF SC8 S2\" id=\"t31_122\">further information about present </span><span class=\"S20E0 SC8 S2\" id=\"t32_122\">year`s changes. </span><span class=\"S20E1 SC8 S2\" id=\"t33_122\">Green farming licenses are licenses </span><span class=\"S20E2 SC8 S2\" id=\"t34_122\">that were awarded in 2015 via a </span><span class=\"S20E3 SC8 S2\" id=\"t35_122\">dedicated licensing round. Special </span><span class=\"S20E4 SC8 S2\" id=\"t36_122\">conditions were attached to these </span><span class=\"S20E5 SC8 S2\" id=\"t37_122\">licenses, mainly concerning </span><span class=\"S20E6 SC8 S2\" id=\"t38_122\">environmental improvement measures. </span><span class=\"S20E7 SC8 S2\" id=\"t39_122\">The licenses were awarded via open </span><span class=\"S20E8 SC8 S2\" id=\"t3a_122\">auctions or competitively, based on </span><span class=\"S1FC7 SC8 S2\" id=\"t3b_122\">environmentally focused technology </span><span class=\"S20E9 SC8 S2\" id=\"t3c_122\">and operating concepts. </span><span class=\"S20EA SC8 S2\" id=\"t3d_122\">Demonstration licenses are licenses </span><span class=\"S20EB SC8 S2\" id=\"t3e_122\">de\ufb01ned for special purposes. </span><span class=\"S20EC SC8 S2\" id=\"t3f_122\">Demonstration licenses are granted to </span><span class=\"S20ED SC8 S2\" id=\"t3g_122\">enterprises in order to share knowledge </span><span class=\"S1BAF SC8 S2\" id=\"t3h_122\">of the aquaculture industry. Such </span><span class=\"S20EE SC8 S2\" id=\"t3i_122\">licenses are often operated in </span><span class=\"S20EF SC8 S2\" id=\"t3j_122\">cooperation with a non-commercial </span><span class=\"S20F0 SC8 S2\" id=\"t3k_122\">entity. </span><span class=\"S20F1 SC8 S2\" id=\"t3l_122\">Teaching licenses are another kind of </span><span class=\"S20F2 SC8 S2\" id=\"t3m_122\">special-purpose license and are </span><span class=\"S20F3 SC8 S2\" id=\"t3n_122\">allocated to disseminate knowledge </span><span class=\"S20F4 SC8 S2\" id=\"t3o_122\">of the \ufb01sh farming industry. The </span><span class=\"S20F5 SC8 S2\" id=\"t3p_122\">licenses are linked to speci\ufb01c </span><span class=\"S1D6E SC8 S2\" id=\"t3q_122\">educational institutions and are thus </span><span class=\"S20F6 SC8 S2\" id=\"t3r_122\">regulated by the county. </span><span class=\"S20F7 SC8 S2\" id=\"t3s_122\">Research and development licenses </span><span class=\"S20F8 SC8 S2\" id=\"t3t_122\">are licenses awarded in connection </span><span class=\"S1D73 SC8 S2\" id=\"t3u_122\">with research and development </span><span class=\"S20F9 SC8 S2\" id=\"t3v_122\">projects in the industry, where </span><span class=\"S20FA SC8 S2\" id=\"t3w_122\">dedicated licenses are required to </span><span class=\"S20FB SC8 S2\" id=\"t3x_122\">carry out the R&amp;D activity. </span><span class=\"S20FC SC8 S2\" id=\"t3y_122\">Slaughter cage licenses are </span><span class=\"S1FDF SC8 S2\" id=\"t3z_122\">allocated for the use of sea cages for </span><span class=\"S20FD SC8 S2\" id=\"t40_122\">live \ufb01sh for slaughter. These licenses </span><span class=\"S20FE SC8 S2\" id=\"t41_122\">are linked to a speci\ufb01c location, which </span><span class=\"S20FF SC8 S2\" id=\"t42_122\">is the Group\u2019s slaughtering plant for </span><span class=\"S2100 SC8 S2\" id=\"t43_122\">salmon and trout. </span><span class=\"S2101 SC8 S2\" id=\"t44_122\">Parent \ufb01sh licenses are also licenses </span><span class=\"S2102 SC8 S2\" id=\"t45_122\">de\ufb01ned for special purposes. Parent </span><span class=\"S2103 SC8 S2\" id=\"t46_122\">\ufb01sh licenses are granted for the </span><span class=\"S2104 SC8 S2\" id=\"t47_122\">production of salmon roe utilised to </span><span class=\"S2105 SC8 S2\" id=\"t48_122\">produce juvenile \ufb01sh. </span><span class=\"S1E8C SC8 S2\" id=\"t49_122\">Juvenile \ufb01sh licenses are licenses to </span><span class=\"S2106 SC8 S2\" id=\"t4a_122\">produce juvenile salmon and trout in </span><span class=\"S2107 SC8 S2\" id=\"t4b_122\">fresh water that in total authorise the </span><span class=\"S2108 SC8 S2\" id=\"t4c_122\">license holder to produce a speci\ufb01c </span><span class=\"S2109 SC8 S2\" id=\"t4d_122\">number of juvenile salmon and trout. </span><span class=\"S210A S1E31 S2\" id=\"t1_123\">however result in less predictability </span><span class=\"S210B S1E31 S2\" id=\"t2_123\">for the entities than licenses without </span><span class=\"S210C S1E31 S2\" id=\"t3_123\">time limitations. Predictability is key as </span><span class=\"S210D S1E31 S2\" id=\"t4_123\">breeding and parent \ufb01sh production </span><span class=\"S1D8F S1E31 S2\" id=\"t5_123\">is a time-consuming and resource- </span><span class=\"S210E S1E31 S2\" id=\"t6_123\">intensive activity, but this is provided </span><span class=\"S1F28 S1E31 S2\" id=\"t7_123\">for by (...) a \ufb01xed-term period with </span><span class=\"S1CB6 S1E31 S2\" id=\"t8_123\">clearly de\ufb01ned predictability for </span><span class=\"S210F S1E31 S2\" id=\"t9_123\">extension.\" </span><span class=\"S2110 SC8 S2\" id=\"ta_123\">IAS 38.94 states that if the contractual </span><span class=\"S1F2D SC8 S2\" id=\"tb_123\">or legal rights are assigned for a </span><span class=\"S1FF9 SC8 S2\" id=\"tc_123\">limited period of time that can be </span><span class=\"S2111 SC8 S2\" id=\"td_123\">renewed, the useful life of the </span><span class=\"S2112 SC8 S2\" id=\"te_123\">intangible asset should include the </span><span class=\"S2113 SC8 S2\" id=\"tf_123\">renewal period(s) only if there is </span><span class=\"S2114 SC8 S2\" id=\"tg_123\">documented evidence to support that </span><span class=\"S1CBF SC8 S2\" id=\"th_123\">the cost of the renewal for the entity </span><span class=\"S2115 SC8 S2\" id=\"ti_123\">is not signi\ufb01cant. IAS 38.96 provides </span><span class=\"S2116 SC8 S2\" id=\"tj_123\">guidelines describing factors that </span><span class=\"S2117 SC8 S2\" id=\"tk_123\">can be included in this assessment. </span><span class=\"S2118 SC8 S2\" id=\"tl_123\">The following factors have been </span><span class=\"S2119 SC8 S2\" id=\"tm_123\">central to LSG\u2019s assessment of </span><span class=\"S1DA0 SC8 S2\" id=\"tn_123\">inde\ufb01nite useful life for the parent </span><span class=\"S211A SC8 S2\" id=\"to_123\">\ufb01sh licenses: </span><span class=\"S211B SC8 S2\" id=\"tp_123\">a) the entity\u2019s licenses have always </span><span class=\"S211C SC8 S2\" id=\"tq_123\">been renewed. Renewal does not </span><span class=\"S211D SC8 S2\" id=\"tr_123\">require third-party consent, but is </span><span class=\"S211E SC8 S2\" id=\"ts_123\">based on factors that are under </span><span class=\"S211F SC8 S2\" id=\"tt_123\">the control of the entity, i.e. the </span><span class=\"S2120 SC8 S2\" id=\"tu_123\">terms of the license are met and </span><span class=\"S2121 SC8 S2\" id=\"tv_123\">an application for renewal has </span><span class=\"S2122 SC8 S2\" id=\"tw_123\">been submitted before the expiry </span><span class=\"S2123 SC8 S2\" id=\"tx_123\">of the 15-year period. The main </span><span class=\"S2124 SC8 S2\" id=\"ty_123\">condition for renewal is that parent </span><span class=\"S2125 SC8 S2\" id=\"tz_123\">\ufb01sh production is carried out in </span><span class=\"S2126 SC8 S2\" id=\"t10_123\">connection with a breeding system. </span><span class=\"S2127 SC8 S2\" id=\"t11_123\">Parent \ufb01sh production will continue </span><span class=\"S2128 SC8 S2\" id=\"t12_123\">to be an integral part of LSG\u2019s value </span><span class=\"S2129 SC8 S2\" id=\"t13_123\">chain, and as such this requirement </span><span class=\"S212A SC8 S2\" id=\"t14_123\">will be met. </span><span class=\"S212B SC8 S2\" id=\"t15_123\">b) the entity can document ful\ufb01lment </span><span class=\"S212C SC8 S2\" id=\"t16_123\">of the license conditions, </span><span class=\"S212D SC8 S2\" id=\"t17_123\">c) the cost to the entity for renewal is </span><span class=\"S212E SC8 S2\" id=\"t18_123\">not signi\ufb01cant, when compared </span><span class=\"S212F SC8 S2\" id=\"t19_123\">with the future economic bene\ufb01ts </span><span class=\"S2130 SC8 S2\" id=\"t1a_123\">expected to \ufb02ow to the entity from </span><span class=\"S2131 SC8 S2\" id=\"t1b_123\">renewal. </span><span class=\"S2132 S2197 S2\" id=\"t1c_123\">Demonstration licenses </span><span class=\"S2133 SC8 S2\" id=\"t1d_123\">The Group\u2019s demonstration licenses </span><span class=\"S2134 SC8 S2\" id=\"t1e_123\">are allocated for a period of 10 years. </span><span class=\"S2135 SC8 S2\" id=\"t1f_123\">Applications can be submitted for </span><span class=\"S2136 SC8 S2\" id=\"t1g_123\">renewal of demonstration licenses </span><span class=\"S2137 SC8 S2\" id=\"t1h_123\">provided that the terms for the license </span><span class=\"S1CE3 SC8 S2\" id=\"t1i_123\">are met pursuant to the Aquaculture </span><span class=\"S201F SC8 S2\" id=\"t1j_123\">Act. As with parent \ufb01sh licenses, this </span><span class=\"S2138 SC8 S2\" id=\"t1k_123\">type of license is de\ufb01ned as being for </span><span class=\"S2139 S1C40 S2\" id=\"t1l_123\">Assessment of economic life </span><span class=\"S213A SC8 S2\" id=\"t1m_123\">According to past and present </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_123\">legislation and the general </span><span class=\"S213B SC8 S2\" id=\"t1o_123\">interpretation and practice in the </span><span class=\"S213C SC8 S2\" id=\"t1p_123\">industry, Norwegian \ufb01sh farming </span><span class=\"S213D SC8 S2\" id=\"t1q_123\">licenses are not a time-limited right, </span><span class=\"S213E SC8 S2\" id=\"t1r_123\">and licenses should therefore not be </span><span class=\"S213F SC8 S2\" id=\"t1s_123\">subject to amortisation. Where time- </span><span class=\"S2140 SC8 S2\" id=\"t1t_123\">limited R&amp;D licenses, demonstration </span><span class=\"S2141 SC8 S2\" id=\"t1u_123\">licenses and educational licenses are </span><span class=\"S2142 SC8 S2\" id=\"t1v_123\">concerned, these are awarded free </span><span class=\"S2143 SC8 S2\" id=\"t1w_123\">of charge, so amortisation is normally </span><span class=\"S2144 SC8 S2\" id=\"t1x_123\">not relevant. However, in cases where </span><span class=\"S2145 SC8 S2\" id=\"t1y_123\">related acquiring or renewing costs </span><span class=\"S2146 SC8 S2\" id=\"t1z_123\">are capitalised, they will be subjected </span><span class=\"S2147 SC8 S2\" id=\"t20_123\">to depreciation over the economic life. </span><span class=\"S2148 S2197 S2198 S2\" id=\"t21_123\">Grow-out licenses and juvenile \ufb01sh </span><span class=\"S2149 S2197 S2\" id=\"t22_123\">licenses </span><span class=\"S214A SC8 S2\" id=\"t23_123\">The following factors played a key </span><span class=\"S214B SC8 S2\" id=\"t24_123\">role in the assessment of whether </span><span class=\"S214C SC8 S2\" id=\"t25_123\">licenses have an inde\ufb01nite useful life, </span><span class=\"S214D SC8 S2\" id=\"t26_123\">with reference to the description of </span><span class=\"S214E SC8 S2\" id=\"t27_123\">the license types above: </span><span class=\"S2035 SC8 S2\" id=\"t28_123\">(1) No time limitation on the licenses </span><span class=\"S214F SC8 S2\" id=\"t29_123\">(2) Insigni\ufb01cant expenditure involved </span><span class=\"S2150 SC8 S2\" id=\"t2a_123\">in maintaining the licenses </span><span class=\"S1DDC SC8 S2\" id=\"t2b_123\">(3) High threshold for revocation of </span><span class=\"S2151 SC8 S2\" id=\"t2c_123\">licenses; this has never happened </span><span class=\"S2152 SC8 S2\" id=\"t2d_123\">in Norway </span><span class=\"S203B SC8 S2\" id=\"t2e_123\">It has also been noted that the </span><span class=\"S1DE1 SC8 S2\" id=\"t2f_123\">licenses are registered in the public </span><span class=\"S2153 SC8 S2\" id=\"t2g_123\">aquaculture register as being </span><span class=\"S2154 SC8 S2\" id=\"t2h_123\">without time limitation. </span><span class=\"S2155 SC8 S2\" id=\"t2i_123\">On this basis, the economic life is </span><span class=\"S2156 SC8 S2\" id=\"t2j_123\">assessed to be inde\ufb01nite for the </span><span class=\"S1C9E SC8 S2\" id=\"t2k_123\">grow-out licenses and juvenile \ufb01sh </span><span class=\"S2157 SC8 S2\" id=\"t2l_123\">licenses, in accordance with IAS 38.90. </span><span class=\"S2158 S2197 S2\" id=\"t2m_123\">Parent \ufb01sh licenses </span><span class=\"S2159 SC8 S2\" id=\"t2n_123\">As mentioned above, these licenses are </span><span class=\"S215A SC8 S2\" id=\"t2o_123\">granted for 15 years at a time, and </span><span class=\"S215B SC8 S2\" id=\"t2p_123\">applications can be submitted for </span><span class=\"S215C SC8 S2\" id=\"t2q_123\">renewal. In 2007, the duration of parent </span><span class=\"S215D SC8 S2\" id=\"t2r_123\">\ufb01sh licenses was amended from 10 </span><span class=\"S215E SC8 S2\" id=\"t2s_123\">years to 15 years (amendment to </span><span class=\"S215F SC8 S2\" id=\"t2t_123\">regulation dated 14 August 2007 no. </span><span class=\"S2160 SC8 S2\" id=\"t2u_123\">986). In the consultation document </span><span class=\"S2161 SC8 S2\" id=\"t2v_123\">dated 7 June 2007, the Ministry stated </span><span class=\"S2162 SC8 S2\" id=\"t2w_123\">the following regarding time limitation </span><span class=\"S2163 SC8 S2\" id=\"t2x_123\">for parent \ufb01sh licenses in item 3.3: </span><span class=\"S2164 S1E31 S2\" id=\"t2y_123\">\"The recommendation implies that </span><span class=\"S2165 S1E31 S2\" id=\"t2z_123\">the licenses shall be time-limited for </span><span class=\"S2166 S1E31 S2\" id=\"t30_123\">a period (...) with clearly de\ufb01ned </span><span class=\"S2167 S1E31 S2\" id=\"t31_123\">predictability for extension of new </span><span class=\"S1CAF S1E31 S2\" id=\"t32_123\">periods. Time-limited licenses may </span><span class=\"S2168 SC8 S2\" id=\"t33_123\">license are met pursuant to the </span><span class=\"S2169 SC8 S2\" id=\"t34_123\">Aquaculture Act. </span><span class=\"S216A S1C40 S2\" id=\"t35_123\">Regulations relating to right of use: </span><span class=\"S216B S1C40 S2\" id=\"t36_123\">transfer, lease, moving etc. </span><span class=\"S216C SC8 S2\" id=\"t37_123\">All licenses can be transferred pursuant </span><span class=\"S216D SC8 S2\" id=\"t38_123\">to section 19 of the Aquaculture Act, </span><span class=\"S1C47 SC8 S2\" id=\"t39_123\">and can be mortgaged pursuant to </span><span class=\"S216E SC8 S2\" id=\"t3a_123\">section 20 of the Act. An aquaculture </span><span class=\"S216F SC8 S2\" id=\"t3b_123\">register is kept of all aquaculture </span><span class=\"S2170 SC8 S2\" id=\"t3c_123\">licenses where transfers and </span><span class=\"S2171 SC8 S2\" id=\"t3d_123\">mortgaging are registered. The leasing </span><span class=\"S2172 SC8 S2\" id=\"t3e_123\">of aquaculture licenses or license </span><span class=\"S2173 SC8 S2\" id=\"t3f_123\">capacity is not permitted. Grow-out </span><span class=\"S2174 SC8 S2\" id=\"t3g_123\">licenses and parent \ufb01sh licenses can be </span><span class=\"S2175 SC8 S2\" id=\"t3h_123\">linked to different locations, but there </span><span class=\"S2176 SC8 S2\" id=\"t3i_123\">are certain limitations on moving of </span><span class=\"S2177 SC8 S2\" id=\"t3j_123\">licenses between the regions de\ufb01ned </span><span class=\"S2178 SC8 S2\" id=\"t3k_123\">by the Directorate of Fisheries. In </span><span class=\"S2179 SC8 S2\" id=\"t3l_123\">practice, this means that licenses </span><span class=\"S217A SC8 S2\" id=\"t3m_123\">cannot be moved between de\ufb01ned </span><span class=\"S217B SC8 S2\" id=\"t3n_123\">regions, which typically follow county </span><span class=\"S217C SC8 S2\" id=\"t3o_123\">borders. Juvenile \ufb01sh licenses are </span><span class=\"S1ED6 SC8 S2\" id=\"t3p_123\">attached to one locality \u2013 the locality </span><span class=\"S217D SC8 S2\" id=\"t3q_123\">for which the license applies. </span><span class=\"S217E S1C40 S2\" id=\"t3r_123\">Costs related to licenses </span><span class=\"S217F SC8 S2\" id=\"t3s_123\">Payment has been required for new </span><span class=\"S2180 SC8 S2\" id=\"t3t_123\">licenses granted during more recent </span><span class=\"S1E13 SC8 S2\" id=\"t3u_123\">allocation rounds. The amount of the </span><span class=\"S2181 SC8 S2\" id=\"t3v_123\">payment depends on the allocation </span><span class=\"S2182 SC8 S2\" id=\"t3w_123\">criteria, including for example a \ufb01xed </span><span class=\"S2183 SC8 S2\" id=\"t3x_123\">price versus the auction principle. </span><span class=\"S2184 SC8 S2\" id=\"t3y_123\">Given that there is no requirement to </span><span class=\"S2185 SC8 S2\" id=\"t3z_123\">apply for renewal of licenses, then </span><span class=\"S2186 SC8 S2\" id=\"t40_123\">there are no costs involved in license </span><span class=\"S2187 SC8 S2\" id=\"t41_123\">renewal. </span><span class=\"S2188 SC8 S2\" id=\"t42_123\">The costs of maintaining aquaculture </span><span class=\"S2189 SC8 S2\" id=\"t43_123\">licenses in Norway are insigni\ufb01cant. </span><span class=\"S218A SC8 S2\" id=\"t44_123\">There are no annual fees or other </span><span class=\"S218B SC8 S2\" id=\"t45_123\">types of duties linked to the actual </span><span class=\"S218C SC8 S2\" id=\"t46_123\">license. However, there are certain </span><span class=\"S218D SC8 S2\" id=\"t47_123\">fees to be paid for inspection and </span><span class=\"S218E SC8 S2\" id=\"t48_123\">control of the licenses. Fees also have </span><span class=\"S218F SC8 S2\" id=\"t49_123\">to be paid to establish new localities </span><span class=\"S2190 SC8 S2\" id=\"t4a_123\">and/or to extend/amend localities. </span><span class=\"S1C6D SC8 S2\" id=\"t4b_123\">As a main rule, an amount of twelve </span><span class=\"S2191 SC8 S2\" id=\"t4c_123\">thousand Norwegian krones is paid </span><span class=\"S2192 SC8 S2\" id=\"t4d_123\">per license covered by an application </span><span class=\"S1C70 SC8 S2\" id=\"t4e_123\">for amendment at locality level, cf. </span><span class=\"S1EEB SC8 S2\" id=\"t4f_123\">section 2 of the Regulation relating </span><span class=\"S2193 SC8 S2\" id=\"t4g_123\">to fees and duties for aquaculture </span><span class=\"S2194 SC8 S2\" id=\"t4h_123\">activities. All fees and costs are </span><span class=\"S1E2C SC8 S2\" id=\"t4i_123\">immediately recognised as an </span><span class=\"S2195 SC8 S2\" id=\"t4j_123\">operating expense. </span><span class=\"S1B9C SC8 S2\" id=\"t1_124\">special purposes. Both parent \ufb01sh </span><span class=\"S2199 SC8 S2\" id=\"t2_124\">and demonstration licenses are a </span><span class=\"S219A SC8 S2\" id=\"t3_124\">type of activity without any clear </span><span class=\"S219B SC8 S2\" id=\"t4_124\">time limitation. In principle, the same </span><span class=\"S219C SC8 S2\" id=\"t5_124\">factors as for parent \ufb01sh licenses will </span><span class=\"S219D SC8 S2\" id=\"t6_124\">apply to demonstration licenses. </span><span class=\"S219E S2197 S2\" id=\"t7_124\">Teaching licenses </span><span class=\"S219F SC8 S2\" id=\"t8_124\">With one exception, the Group\u2019s </span><span class=\"S21A0 SC8 S2\" id=\"t9_124\">teaching licenses have been allocated </span><span class=\"S1BA6 SC8 S2\" id=\"ta_124\">for 10 years. Applications can be </span><span class=\"S1FC5 SC8 S2\" id=\"tb_124\">submitted for renewal of teaching </span><span class=\"S21A1 SC8 S2\" id=\"tc_124\">licenses provided that the terms for </span><span class=\"S21A2 SC8 S2\" id=\"td_124\">the license are met pursuant to the </span><span class=\"S21A3 SC8 S2\" id=\"te_124\">Aquaculture Act. The Group has also </span><span class=\"S21A4 SC8 S2\" id=\"tf_124\">taken over one teaching license </span><span class=\"S21A5 SC8 S2\" id=\"tg_124\">pursuant to an open-ended agreement </span><span class=\"S21A6 SC8 S2\" id=\"th_124\">with an educational institution. Since </span><span class=\"S21A7 SC8 S2\" id=\"ti_124\">the agreement has a limited </span><span class=\"S1FCB SC8 S2\" id=\"tj_124\">unde\ufb01ned useful life, its duration has </span><span class=\"S21A8 SC8 S2\" id=\"tk_124\">been estimated at one year. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9745": {
   "value": "<span class=\"S1D09 SC7 S2\" id=\"t11_116\">(I) Biological assets, loss-making </span><span class=\"S1D0A SC7 S2\" id=\"t12_116\">contracts and mortality expenses </span><span class=\"S1C2C SC8 S2\" id=\"t13_116\">The Group\u2019s biological assets </span><span class=\"S1D0B SC8 S2\" id=\"t14_116\">comprise live \ufb01sh, mainly salmon and </span><span class=\"S1D0C SC8 S2\" id=\"t15_116\">trout, at all stages of the life cycle. </span><span class=\"S1C2F SC8 S2\" id=\"t16_116\">The \ufb01sh are divided into two main </span><span class=\"S1D0D SC8 S2\" id=\"t17_116\">groups, depending on the stage of </span><span class=\"S1D0E SC8 S2\" id=\"t18_116\">the life cycle. At the earliest stage of </span><span class=\"S1D0F SC8 S2\" id=\"t19_116\">the life cycle, the \ufb01sh are classi\ufb01ed in </span><span class=\"S1D10 SC8 S2\" id=\"t1a_116\">group (1) roe, fry and juvenile \ufb01sh. </span><span class=\"S1D11 SC8 S2\" id=\"t1b_116\">During this stage, the \ufb01sh are kept on </span><span class=\"S1D12 SC8 S2\" id=\"t1c_116\">shore. When the \ufb01sh are large enough </span><span class=\"S1C36 SC8 S2\" id=\"t1d_116\">for release to sea, they are classi\ufb01ed </span><span class=\"S1D13 SC8 S2\" id=\"t1e_116\">in group (2) \ufb01sh in sea. The group for </span><span class=\"S1D14 SC8 S2\" id=\"t1f_116\">\ufb01sh in sea also comprises the subgroup </span><span class=\"S1D15 SC8 S2\" id=\"t1g_116\">for parent \ufb01sh, utilized to produce </span><span class=\"S1D16 SC8 S2\" id=\"t1h_116\">roe. As this subgroup is immaterial, it </span><span class=\"S1D17 SC8 S2\" id=\"t1i_116\">is dealt with in the same way as </span><span class=\"S1D18 SC8 S2\" id=\"t1j_116\">other \ufb01sh in sea. </span><span class=\"S1D8B SC8 S2\" id=\"t1_117\">Estimated biomass (volume) is based </span><span class=\"S1D8C SC8 S2\" id=\"t2_117\">on the actual number of individuals </span><span class=\"S1D8D SC8 S2\" id=\"t3_117\">in the sea on the balance sheet date, </span><span class=\"S1D8E SC8 S2\" id=\"t4_117\">adjusted to cover projected mortality </span><span class=\"S1D8F SC8 S2\" id=\"t5_117\">up to harvest date and multiplied by </span><span class=\"S1D90 SC8 S2\" id=\"t6_117\">the estimated weight per individual at </span><span class=\"S1D91 SC8 S2\" id=\"t7_117\">the time of harvest. The measurement </span><span class=\"S1D92 SC8 S2\" id=\"t8_117\">unit is the individual \ufb01sh. However, for </span><span class=\"S1D93 SC8 S2\" id=\"t9_117\">practical reasons, these estimates are </span><span class=\"S1D94 SC8 S2\" id=\"ta_117\">carried out per locality. The live weight </span><span class=\"S1D95 SC8 S2\" id=\"tb_117\">of \ufb01sh in the sea is translated to </span><span class=\"S1D96 SC8 S2\" id=\"tc_117\">gutted weight in order to arrive at the </span><span class=\"S1D97 SC8 S2\" id=\"td_117\">same measurement unit as for pricing. </span><span class=\"S1CBC SC8 S2\" id=\"te_117\">Pricing is based on the Fish Pool </span><span class=\"S1D98 SC8 S2\" id=\"tf_117\">forward prices. The reason for this is </span><span class=\"S1D99 SC8 S2\" id=\"tg_117\">that the observable forward prices </span><span class=\"S1D9A SC8 S2\" id=\"th_117\">at Fish Pool are recognised as the </span><span class=\"S1D9B SC8 S2\" id=\"ti_117\">best approach to a hypothetical price </span><span class=\"S1D9C SC8 S2\" id=\"tj_117\">of salmon. The volume of trout sales </span><span class=\"S1D9D SC8 S2\" id=\"tk_117\">in Norway is signi\ufb01cantly lower, and </span><span class=\"S1D9E SC8 S2\" id=\"tl_117\">there are no corresponding </span><span class=\"S1D9F SC8 S2\" id=\"tm_117\">observable market prices. Historically, </span><span class=\"S1DA0 SC8 S2\" id=\"tn_117\">however, trout prices have been </span><span class=\"S1DA1 SC8 S2\" id=\"to_117\">closely correlated to salmon prices. </span><span class=\"S1DA2 SC8 S2\" id=\"tp_117\">The forward prices for salmon are </span><span class=\"S1DA3 SC8 S2\" id=\"tq_117\">therefore applied as a starting point </span><span class=\"S1DA4 SC8 S2\" id=\"tr_117\">for estimates of the fair value of trout. </span><span class=\"S1DA5 SC8 S2\" id=\"ts_117\">The forward price for the month in </span><span class=\"S1DA6 SC8 S2\" id=\"tt_117\">which the \ufb01sh is expected to be </span><span class=\"S1DA7 SC8 S2\" id=\"tu_117\">harvested is applied in order to </span><span class=\"S1DA8 SC8 S2\" id=\"tv_117\">estimate cash \ufb02ow. The price stipulated </span><span class=\"S1DA9 SC8 S2\" id=\"tw_117\">by Fish Pool is adjusted to take into </span><span class=\"S1DAA SC8 S2\" id=\"tx_117\">account export costs and clearing </span><span class=\"S1DAB SC8 S2\" id=\"ty_117\">costs, and represents the reference </span><span class=\"S1DAC SC8 S2\" id=\"tz_117\">price. This price is then adjusted to </span><span class=\"S1DAD SC8 S2\" id=\"t10_117\">account for estimated harvest cost </span><span class=\"S1DAE SC8 S2\" id=\"t11_117\">(well boat, slaughter and boxing) </span><span class=\"S1DAF SC8 S2\" id=\"t12_117\">and transport to Oslo. Adjustments </span><span class=\"S1DB0 SC8 S2\" id=\"t13_117\">are also made for any estimated </span><span class=\"S1DB1 SC8 S2\" id=\"t14_117\">differences in size and quality. The </span><span class=\"S1DB2 SC8 S2\" id=\"t15_117\">adjustments to the reference price </span><span class=\"S1DB3 SC8 S2\" id=\"t16_117\">are made per locality. Joint regional </span><span class=\"S1DB4 SC8 S2\" id=\"t17_117\">parameters are applied, unless </span><span class=\"S1DB5 SC8 S2\" id=\"t18_117\">factors speci\ufb01c to an individual </span><span class=\"S1DB6 SC8 S2\" id=\"t19_117\">locality require otherwise. </span><span class=\"S1DB7 SC8 S2\" id=\"t1a_117\">Changes to estimated fair value for </span><span class=\"S1DB8 SC8 S2\" id=\"t1b_117\">biological assets, according to IAS 41, </span><span class=\"S1DB9 SC8 S2\" id=\"t1c_117\">are recorded through pro\ufb01t or loss and </span><span class=\"S1DBA SC8 S2\" id=\"t1d_117\">presented on the line for fair value </span><span class=\"S1DBB SC8 S2\" id=\"t1e_117\">adjustments related to biological </span><span class=\"S1DBC SC8 S2\" id=\"t1f_117\">assets. The accounting line for fair </span><span class=\"S1DBD SC8 S2\" id=\"t1g_117\">value adjustments related to biological </span><span class=\"S1DBE SC8 S2\" id=\"t1h_117\">assets in the income statement </span><span class=\"S1DBF SC8 S2\" id=\"t1i_117\">comprises three elements; (1) change </span><span class=\"S1DC0 SC8 S2\" id=\"t1j_117\">in fair value adjustment of stock of </span><span class=\"S1DC1 SC8 S2\" id=\"t1k_117\">\ufb01sh in sea, (2) change in fair value of </span><span class=\"S1DC2 SC8 S2\" id=\"t1l_117\">recalculation factor from gutted weight </span><span class=\"S1DC3 SC8 S2\" id=\"t1m_117\">to live weight, see note on biological </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_117\">assets. As of 31.12 this corresponds to </span><span class=\"S1DC5 SC8 S2\" id=\"t1o_117\">a live weight of 4.65 kg for salmon and </span><span class=\"S1DC6 SC8 S2\" id=\"t1p_117\">4.76 kg for trout. Fish with a live weight </span><span class=\"S1DC7 SC8 S2\" id=\"t1q_117\">equal to this or more, are classi\ufb01ed </span><span class=\"S1DC8 SC8 S2\" id=\"t1r_117\">as ready for slaughter (mature \ufb01sh), </span><span class=\"S1DC9 SC8 S2\" id=\"t1s_117\">while \ufb01sh that have still not achieved </span><span class=\"S1DCA SC8 S2\" id=\"t1t_117\">this weight are classi\ufb01ed as not ready </span><span class=\"S1DCB SC8 S2\" id=\"t1u_117\">for harvest (immature \ufb01sh). For \ufb01sh </span><span class=\"S1DCC SC8 S2\" id=\"t1v_117\">ready for harvest, the highest and </span><span class=\"S1DCD SC8 S2\" id=\"t1w_117\">best use is de\ufb01ned as harvesting and </span><span class=\"S1DCE SC8 S2\" id=\"t1x_117\">selling the \ufb01sh as quickly as possible </span><span class=\"S1DCF SC8 S2\" id=\"t1y_117\">in the month following the balance </span><span class=\"S1DD0 SC8 S2\" id=\"t1z_117\">sheet date. For \ufb01sh not yet ready for </span><span class=\"S1DD1 SC8 S2\" id=\"t20_117\">harvest, the highest and best use is </span><span class=\"S1DD2 SC8 S2\" id=\"t21_117\">in principle de\ufb01ned as growing the </span><span class=\"S1DD3 SC8 S2\" id=\"t22_117\">\ufb01sh to optimal weight for harvest, </span><span class=\"S1DD4 SC8 S2\" id=\"t23_117\">then harvesting and selling the \ufb01sh. </span><span class=\"S1DD5 SC8 S2\" id=\"t24_117\">The harvest date applied in the </span><span class=\"S1DD6 SC8 S2\" id=\"t25_117\">valuation may however be brought </span><span class=\"S1DD7 SC8 S2\" id=\"t26_117\">forward if required by situations at a </span><span class=\"S1DD8 SC8 S2\" id=\"t27_117\">speci\ufb01c locality. Such situations may </span><span class=\"S1DD9 SC8 S2\" id=\"t28_117\">involve biological challenges </span><span class=\"S1DDA SC8 S2\" id=\"t29_117\">(disease, salmon lice infestation etc.). </span><span class=\"S1DDB SC8 S2\" id=\"t2a_117\">The cash \ufb02ow-based present value </span><span class=\"S1DDC SC8 S2\" id=\"t2b_117\">model does not rely on historical and </span><span class=\"S1DDD SC8 S2\" id=\"t2c_117\">company-speci\ufb01c factors. On a </span><span class=\"S1DDE SC8 S2\" id=\"t2d_117\">hypothetical market with perfect </span><span class=\"S1DDF SC8 S2\" id=\"t2e_117\">competition, a hypothetical buyer of </span><span class=\"S1DE0 SC8 S2\" id=\"t2f_117\">live \ufb01sh would be willing to pay as a </span><span class=\"S1DE1 SC8 S2\" id=\"t2g_117\">maximum the present value of the </span><span class=\"S1DE2 SC8 S2\" id=\"t2h_117\">estimated future pro\ufb01t from the sale </span><span class=\"S1DE3 SC8 S2\" id=\"t2i_117\">of the \ufb01sh when it is ready for harvest. </span><span class=\"S1DE4 SC8 S2\" id=\"t2j_117\">The estimated future pro\ufb01t, taking </span><span class=\"S1DE5 SC8 S2\" id=\"t2k_117\">into account all price adjustments </span><span class=\"S1DE6 SC8 S2\" id=\"t2l_117\">and payable fees for completion, </span><span class=\"S1DE7 SC8 S2\" id=\"t2m_117\">constitutes the cash \ufb02ow. </span><span class=\"S1DE8 SC8 S2\" id=\"t2n_117\">Incoming cash \ufb02ow is calculated as a </span><span class=\"S1DE9 SC8 S2\" id=\"t2o_117\">function of estimated volume </span><span class=\"S1DEA SC8 S2\" id=\"t2p_117\">multiplied by estimated price. For </span><span class=\"S1DEB SC8 S2\" id=\"t2q_117\">\ufb01sh not ready for harvest, a deduction </span><span class=\"S1DEC SC8 S2\" id=\"t2r_117\">is made to cover estimated residual </span><span class=\"S1DED SC8 S2\" id=\"t2s_117\">costs to grow the \ufb01sh to the optimal </span><span class=\"S1DEE SC8 S2\" id=\"t2t_117\">weight for harvest. The cash \ufb02ow is </span><span class=\"S1DEF SC8 S2\" id=\"t2u_117\">discounted monthly by a discount rate. </span><span class=\"S1DF0 SC8 S2\" id=\"t2v_117\">The discount rate comprises three main </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_117\">components: (1) the risk of incidents </span><span class=\"S1DF2 SC8 S2\" id=\"t2x_117\">that have an effect on cash \ufb02ow, (2) </span><span class=\"S1DF3 SC8 S2\" id=\"t2y_117\">hypothetical license lease and (3) the </span><span class=\"S1DF4 SC8 S2\" id=\"t2z_117\">time value of money. Please refer to </span><span class=\"S1DF5 SC8 S2\" id=\"t30_117\">the note on signi\ufb01cant accounting </span><span class=\"S1DF6 SC8 S2\" id=\"t31_117\">estimates and assessments for more </span><span class=\"S1DF7 SC8 S2\" id=\"t32_117\">detailed information on discounts, </span><span class=\"S1DF8 SC8 S2\" id=\"t33_117\">and sensitivity analysis. </span><span class=\"S1DF9 SC8 S2\" id=\"t34_117\">The stock of \ufb01sh, in addition to salmon </span><span class=\"S1DFA SC8 S2\" id=\"t35_117\">and trout, also comprises cleaner \ufb01sh. </span><span class=\"S1DFB SC8 S2\" id=\"t36_117\">This species of \ufb01sh is utilized during </span><span class=\"S1DFC SC8 S2\" id=\"t37_117\">production of salmon and trout as a </span><span class=\"S1C44 SC8 S2\" id=\"t38_117\">means of eliminating salmon lice. </span><span class=\"S1DFD SC8 S2\" id=\"t39_117\">Despite the signi\ufb01cant number of </span><span class=\"S1DFE SC8 S2\" id=\"t3a_117\">cleaner \ufb01sh produced by the Group, </span><span class=\"S1DFF SC8 S2\" id=\"t3b_117\">both the volume and value of this </span><span class=\"S1E00 SC8 S2\" id=\"t3c_117\">species are relatively low and are </span><span class=\"S1E01 SC8 S2\" id=\"t3d_117\">immaterial for the consolidated </span><span class=\"S1E02 SC8 S2\" id=\"t3e_117\">\ufb01nancial statements. To simplify </span><span class=\"S1E03 SC8 S2\" id=\"t3f_117\">accounting, this species is therefore </span><span class=\"S1E04 SC8 S2\" id=\"t3g_117\">grouped with roe, fry and juvenile \ufb01sh. </span><span class=\"S1E05 SC8 S2\" id=\"t3h_117\">Biological assets are regulated by </span><span class=\"S1E06 SC8 S2\" id=\"t3i_117\">IAS 41 Agriculture. The main rule is that </span><span class=\"S1E07 SC8 S2\" id=\"t3j_117\">biological assets shall be measured </span><span class=\"S1E08 SC8 S2\" id=\"t3k_117\">at fair value minus sales costs unless </span><span class=\"S1E09 SC8 S2\" id=\"t3l_117\">fair value cannot be reliably measured. </span><span class=\"S1E0A SC8 S2\" id=\"t3m_117\">Measurement of fair value is regulated </span><span class=\"S1E0B SC8 S2\" id=\"t3n_117\">by IFRS 13. \u2018Fair value\u2019 refers to the price </span><span class=\"S1E0C SC8 S2\" id=\"t3o_117\">that would have been achieved on sale </span><span class=\"S1E0D SC8 S2\" id=\"t3p_117\">of the asset in an orderly transaction </span><span class=\"S1E0E SC8 S2\" id=\"t3q_117\">between market participants at the </span><span class=\"S1E0F SC8 S2\" id=\"t3r_117\">measurement date under the </span><span class=\"S1E10 SC8 S2\" id=\"t3s_117\">prevailing market conditions. </span><span class=\"S1E11 SC8 S2\" id=\"t3t_117\">For roe, fry and juvenile \ufb01sh, in addition </span><span class=\"S1E12 SC8 S2\" id=\"t3u_117\">to cleaner \ufb01sh, historical cost is </span><span class=\"S1E13 SC8 S2\" id=\"t3v_117\">deemed a reasonable approach to </span><span class=\"S1E14 SC8 S2\" id=\"t3w_117\">fair value, as there is little biological </span><span class=\"S1E15 SC8 S2\" id=\"t3x_117\">transformation (IAS 41.24). This </span><span class=\"S1E16 SC8 S2\" id=\"t3y_117\">assessment must be seen in light of </span><span class=\"S1E17 SC8 S2\" id=\"t3z_117\">the fact that smolt are currently </span><span class=\"S1E18 SC8 S2\" id=\"t40_117\">released to sea at a stage when their </span><span class=\"S1E19 SC8 S2\" id=\"t41_117\">weight is still relatively low. At the </span><span class=\"S1E1A SC8 S2\" id=\"t42_117\">same time, this group still comprises a </span><span class=\"S1E1B SC8 S2\" id=\"t43_117\">limited share of the Group\u2019s biological </span><span class=\"S1E1C SC8 S2\" id=\"t44_117\">assets measured in terms of both </span><span class=\"S1E1D SC8 S2\" id=\"t45_117\">volume and value. If changes emerge </span><span class=\"S1E1E SC8 S2\" id=\"t46_117\">in the future implying that the smolt </span><span class=\"S1E1F SC8 S2\" id=\"t47_117\">produced are signi\ufb01cantly larger when </span><span class=\"S1E20 SC8 S2\" id=\"t48_117\">released to sea, a new assessment </span><span class=\"S1E21 SC8 S2\" id=\"t49_117\">will be required. </span><span class=\"S1E22 SC8 S2\" id=\"t4a_117\">For </span><span class=\"S1E23 S1E31 S2\" id=\"t4b_117\">\ufb01sh in sea</span><span class=\"S1E24 SC8 S2\" id=\"t4c_117\">, the fair value is </span><span class=\"S1E25 SC8 S2\" id=\"t4d_117\">calculated by applying a cash \ufb02ow </span><span class=\"S1E26 SC8 S2\" id=\"t4e_117\">based present value model at level </span><span class=\"S1E27 SC8 S2\" id=\"t4f_117\">three in the fair value hierarchy in </span><span class=\"S1E28 SC8 S2\" id=\"t4g_117\">IFRS 13. In line with IFRS 13, the highest </span><span class=\"S1C70 SC8 S2\" id=\"t4h_117\">and best use of the biological assets </span><span class=\"S1E29 SC8 S2\" id=\"t4i_117\">is applied for the valuation. In </span><span class=\"S1E2A SC8 S2\" id=\"t4j_117\">accordance with the principle for </span><span class=\"S1E2B SC8 S2\" id=\"t4k_117\">highest and best use, the Group </span><span class=\"S1E2C SC8 S2\" id=\"t4l_117\">considers that the \ufb01sh have optimal </span><span class=\"S1E2D SC8 S2\" id=\"t4m_117\">weight for harvest when they have a </span><span class=\"S1E2E SC8 S2\" id=\"t4n_117\">live weight corresponding to 4 kg </span><span class=\"S1E2F SC8 S2\" id=\"t4o_117\">gutted weight. For information on </span><span class=\"S1D53 SC8 S2\" id=\"t1i_118\">onerous contracts and (3) change in </span><span class=\"S1E5F SC8 S2\" id=\"t1j_118\">fair value of unrealised gain/loss </span><span class=\"S1E60 SC8 S2\" id=\"t1k_118\">related to \ufb01nancial purchase and </span><span class=\"S1E61 SC8 S2\" id=\"t1l_118\">sale contracts for \ufb01sh in Fish Pool, </span><span class=\"S1E62 SC8 S2\" id=\"t1m_118\">recognised as value-hedges. </span><span class=\"S1E63 SC8 S2\" id=\"t1n_118\">Onerous contracts are contracts where </span><span class=\"S1E64 SC8 S2\" id=\"t1o_118\">the expenses of ful\ufb01lling the contracts </span><span class=\"S1E65 SC8 S2\" id=\"t1p_118\">are higher than the economic yield the </span><span class=\"S1E66 SC8 S2\" id=\"t1q_118\">company expects to gain by ful\ufb01lling </span><span class=\"S1E67 SC8 S2\" id=\"t1r_118\">the contracts. The Group enters into </span><span class=\"S1BA7 SC8 S2\" id=\"t1s_118\">contracts related to future deliveries </span><span class=\"S1E68 SC8 S2\" id=\"t1t_118\">of salmon and trout. As biological </span><span class=\"S1E69 SC8 S2\" id=\"t1u_118\">assets are recognised at fair value, </span><span class=\"S1E6A SC8 S2\" id=\"t1v_118\">this fair value will be included in the </span><span class=\"S1E6B SC8 S2\" id=\"t1w_118\">estimated expenses required to ful\ufb01l </span><span class=\"S1E6C SC8 S2\" id=\"t1x_118\">the contract. As a result, physical </span><span class=\"S1E6D SC8 S2\" id=\"t1y_118\">delivery contracts where the </span><span class=\"S1E6E SC8 S2\" id=\"t1z_118\">contractual price is lower than the price </span><span class=\"S1E6F SC8 S2\" id=\"t20_118\">on which fair value estimation of the </span><span class=\"S1BAF SC8 S2\" id=\"t21_118\">biological assets was based will be </span><span class=\"S1E70 SC8 S2\" id=\"t22_118\">de\ufb01ned as onerous contracts according </span><span class=\"S1D66 SC8 S2\" id=\"t23_118\">to IAS 37, even if the contractual price </span><span class=\"S1E71 SC8 S2\" id=\"t24_118\">is higher than the production costs </span><span class=\"S1E72 SC8 S2\" id=\"t25_118\">for the products. The provision is </span><span class=\"S1E73 SC8 S2\" id=\"t26_118\">classi\ufb01ed as other short-term debt. </span><span class=\"S1E74 SC8 S2\" id=\"t27_118\">As the \ufb01nancial statements also </span><span class=\"S1E75 SC8 S2\" id=\"t28_118\">present production costs for the stock </span><span class=\"S1E76 SC8 S2\" id=\"t29_118\">of live \ufb01sh, the reporting of mortality </span><span class=\"S1E77 SC8 S2\" id=\"t2a_118\">is of signi\ufb01cance. Costs related to </span><span class=\"S1E78 SC8 S2\" id=\"t2b_118\">abnormal mortality are immediately </span><span class=\"S1E79 SC8 S2\" id=\"t2c_118\">recognised through pro\ufb01t or loss and </span><span class=\"S1E7A SC8 S2\" id=\"t2d_118\">presented on the line for changes in </span><span class=\"S1D72 SC8 S2\" id=\"t2e_118\">inventory, while normal waste is </span><span class=\"S1E7B SC8 S2\" id=\"t2f_118\">classi\ufb01ed as part of production costs. </span><span class=\"S1E7C SC8 S2\" id=\"t2g_118\">Fair value of biological assets is not </span><span class=\"S1E7D SC8 S2\" id=\"t2h_118\">affected by the principle for reporting </span><span class=\"S1E7E SC8 S2\" id=\"t2i_118\">mortality costs. The extent to which </span><span class=\"S1E7F SC8 S2\" id=\"t2j_118\">mortality is normal or abnormal </span><span class=\"S1E80 SC8 S2\" id=\"t2k_118\">requires assessment. The Group makes </span><span class=\"S1E81 SC8 S2\" id=\"t2l_118\">use of a common indicator and </span><span class=\"S1E82 SC8 S2\" id=\"t2m_118\">threshold for all farming units. If in one </span><span class=\"S1D7B SC8 S2\" id=\"t2n_118\">month mortality at a locality exceeds </span><span class=\"S1E83 SC8 S2\" id=\"t2o_118\">1.5% of the incoming number of \ufb01sh at </span><span class=\"S1E84 SC8 S2\" id=\"t2p_118\">the locality, this is classi\ufb01ed as an </span><span class=\"S1E85 SC8 S2\" id=\"t2q_118\">indication of abnormal mortality. </span><span class=\"S1E86 SC8 S2\" id=\"t2r_118\">A more detailed assessment is then </span><span class=\"S1E87 SC8 S2\" id=\"t2s_118\">carried out to establish whether </span><span class=\"S1E88 SC8 S2\" id=\"t2t_118\">mortality is abnormal. These </span><span class=\"S1E89 SC8 S2\" id=\"t2u_118\">assessments take into account the </span><span class=\"S1E8A SC8 S2\" id=\"t2v_118\">cause of mortality and the size of the </span><span class=\"S1E8B SC8 S2\" id=\"t2w_118\">\ufb01sh. Please refer to the note on </span><span class=\"S1E8C SC8 S2\" id=\"t2x_118\">biological assets for a more detailed </span><span class=\"S1E8D SC8 S2\" id=\"t2y_118\">description of mortality costs and </span><span class=\"S1E8E SC8 S2\" id=\"t2z_118\">incidents that have caused abnormal </span><span class=\"S1E8F SC8 S2\" id=\"t30_118\">mortality. </span><span class=\"S2081 SC8 S2\" id=\"t1_128\">estimated costs are higher than </span><span class=\"S1CE8 SC8 S2\" id=\"t2_128\">expected by a normal enterprise on </span><span class=\"S22FB SC8 S2\" id=\"t3_128\">the market, for example due to long- </span><span class=\"S22FC SC8 S2\" id=\"t4_128\">term agreements previously signed </span><span class=\"S22FD SC8 S2\" id=\"t5_128\">with subcontractors resulting in costs </span><span class=\"S22FE SC8 S2\" id=\"t6_128\">that deviate substantially from the </span><span class=\"S1F60 SC8 S2\" id=\"t7_128\">market price, the cost estimates shall </span><span class=\"S22FF SC8 S2\" id=\"t8_128\">be adjusted to re\ufb02ect the costs </span><span class=\"S2300 SC8 S2\" id=\"t9_128\">expected by a rational enterprise on </span><span class=\"S2301 SC8 S2\" id=\"ta_128\">the market. </span><span class=\"S2302 S1C40 S2\" id=\"tb_128\">(3) Volume </span><span class=\"S2303 SC8 S2\" id=\"tc_128\">Projected harvest volume is </span><span class=\"S2304 SC8 S2\" id=\"td_128\">calculated on the basis of the </span><span class=\"S2305 SC8 S2\" id=\"te_128\">estimated number of \ufb01sh (individuals) </span><span class=\"S1E3C SC8 S2\" id=\"tf_128\">on the balance sheet date minus </span><span class=\"S2306 SC8 S2\" id=\"tg_128\">estimated future mortality, multiplied </span><span class=\"S1CF6 SC8 S2\" id=\"th_128\">by the estimated harvest weight. </span><span class=\"S2307 SC8 S2\" id=\"ti_128\">There is some uncertainty involving </span><span class=\"S208F SC8 S2\" id=\"tj_128\">both the number of \ufb01sh in the sea on </span><span class=\"S1E41 SC8 S2\" id=\"tk_128\">the balance sheet date, remaining </span><span class=\"S2308 SC8 S2\" id=\"tl_128\">mortality and estimated harvest </span><span class=\"S2309 SC8 S2\" id=\"tm_128\">weight. The actual harvest volume </span><span class=\"S230A SC8 S2\" id=\"tn_128\">may therefore differ from the estimated </span><span class=\"S1C1C SC8 S2\" id=\"to_128\">harvest volume either as a result of </span><span class=\"S230B SC8 S2\" id=\"tp_128\">changes in biological developments </span><span class=\"S1CFD SC8 S2\" id=\"tq_128\">or due to special events, such as </span><span class=\"S230C SC8 S2\" id=\"tr_128\">abnormal mortality. The estimate for </span><span class=\"S230D SC8 S2\" id=\"ts_128\">number of \ufb01sh on the balance sheet </span><span class=\"S230E SC8 S2\" id=\"tt_128\">date is based on the number of smolt </span><span class=\"S230F SC8 S2\" id=\"tu_128\">released to sea. The number of smolt </span><span class=\"S2310 SC8 S2\" id=\"tv_128\">is adjusted to take into account </span><span class=\"S2311 SC8 S2\" id=\"tw_128\">uncertainties during counting and </span><span class=\"S2312 SC8 S2\" id=\"tx_128\">actual registered mortality related to </span><span class=\"S2313 SC8 S2\" id=\"ty_128\">release. </span><span class=\"S2314 SC8 S2\" id=\"tz_128\">The normal estimated harvest </span><span class=\"S209D SC8 S2\" id=\"t10_128\">weight (optimal harvest weight) is </span><span class=\"S2315 SC8 S2\" id=\"t11_128\">assessed to be the live weight of \ufb01sh </span><span class=\"S2316 SC8 S2\" id=\"t12_128\">that results in a gutted weight of 4 kg, </span><span class=\"S2317 SC8 S2\" id=\"t13_128\">unless speci\ufb01c conditions exist on the </span><span class=\"S2318 SC8 S2\" id=\"t14_128\">balance sheet date to indicate that </span><span class=\"S20A2 SC8 S2\" id=\"t15_128\">the \ufb01sh have to be harvested before </span><span class=\"S1E50 SC8 S2\" id=\"t16_128\">they reach this weight. If this is the </span><span class=\"S2319 SC8 S2\" id=\"t17_128\">case, the estimated harvest weight is </span><span class=\"S231A SC8 S2\" id=\"t18_128\">adjusted. Projected mortality during </span><span class=\"S231B SC8 S2\" id=\"t19_128\">the period from the balance sheet </span><span class=\"S231C SC8 S2\" id=\"t1a_128\">date to the date when the \ufb01sh reach </span><span class=\"S1D0E SC8 S2\" id=\"t1b_128\">harvest weight is estimated to be </span><span class=\"S231D SC8 S2\" id=\"t1c_128\">0.5% to 2.5% of the number of incoming </span><span class=\"S231E SC8 S2\" id=\"t1d_128\">\ufb01sh per month, depending on species </span><span class=\"S231F SC8 S2\" id=\"t1e_128\">and region. For recalculation factor </span><span class=\"S2320 SC8 S2\" id=\"t1f_128\">from gutted weight to live weight, </span><span class=\"S2321 SC8 S2\" id=\"t1g_128\">see note on biological assets. </span><span class=\"S2322 S21BB S2\" id=\"t1h_128\">(4) Discounting </span><span class=\"S2323 SC8 S2\" id=\"t1i_128\">Every time a \ufb01sh is harvested and </span><span class=\"S1D16 SC8 S2\" id=\"t1j_128\">sold, this generates a positive cash </span><span class=\"S1E5D SC8 S2\" id=\"t1k_128\">\ufb02ow. In order to simplify matters, all </span><span class=\"S2324 SC8 S2\" id=\"t1l_128\">the remaining expenses are allocated </span><span class=\"S2325 SC8 S2\" id=\"t1m_128\">\ufb02uctuations. In order to estimate the </span><span class=\"S2326 SC8 S2\" id=\"t1n_128\">projected price, the forward prices </span><span class=\"S2327 SC8 S2\" id=\"t1o_128\">for superior Norwegian salmon </span><span class=\"S2328 SC8 S2\" id=\"t1p_128\">weighing 3-6 kg gutted weight from </span><span class=\"S2329 SC8 S2\" id=\"t1q_128\">Fish Pool are applied. In the Group\u2019s </span><span class=\"S232A SC8 S2\" id=\"t1r_128\">opinion, the use of observable prices </span><span class=\"S232B SC8 S2\" id=\"t1s_128\">makes price estimates more reliable </span><span class=\"S232C SC8 S2\" id=\"t1t_128\">and comparable. For \ufb01sh ready for </span><span class=\"S232D SC8 S2\" id=\"t1u_128\">harvest, the forward price for the </span><span class=\"S232E SC8 S2\" id=\"t1v_128\">following month is applied. For \ufb01sh </span><span class=\"S232F SC8 S2\" id=\"t1w_128\">not ready for harvest, the forward </span><span class=\"S2330 SC8 S2\" id=\"t1x_128\">price for the month when the \ufb01sh is </span><span class=\"S2331 SC8 S2\" id=\"t1y_128\">expected to achieve optimal weight </span><span class=\"S2332 SC8 S2\" id=\"t1z_128\">for harvest, is applied. If it is probable </span><span class=\"S2333 SC8 S2\" id=\"t20_128\">on the balance sheet date that the \ufb01sh </span><span class=\"S2334 SC8 S2\" id=\"t21_128\">will be harvested before it reaches its </span><span class=\"S2335 SC8 S2\" id=\"t22_128\">optimal harvest weight, for example </span><span class=\"S2336 SC8 S2\" id=\"t23_128\">due to biological challenges, an extra </span><span class=\"S2337 SC8 S2\" id=\"t24_128\">price adjustment is required. Such a </span><span class=\"S2338 SC8 S2\" id=\"t25_128\">price adjustment takes into account </span><span class=\"S2339 SC8 S2\" id=\"t26_128\">the fact that the market price per kilo </span><span class=\"S233A SC8 S2\" id=\"t27_128\">for small \ufb01sh is lower than for normal- </span><span class=\"S1F9B SC8 S2\" id=\"t28_128\">size \ufb01sh. The price is subsequently </span><span class=\"S233B SC8 S2\" id=\"t29_128\">adjusted for exporter margins and </span><span class=\"S233C SC8 S2\" id=\"t2a_128\">clearing costs. This applies to \ufb01sh both </span><span class=\"S233D SC8 S2\" id=\"t2b_128\">ready for harvest and not ready for </span><span class=\"S233E SC8 S2\" id=\"t2c_128\">harvest. Further adjustments are </span><span class=\"S233F SC8 S2\" id=\"t2d_128\">necessary for harvest costs (well boat, </span><span class=\"S2340 SC8 S2\" id=\"t2e_128\">slaughtering and packaging services), </span><span class=\"S1EA8 SC8 S2\" id=\"t2f_128\">transport costs to Oslo and quality </span><span class=\"S2341 SC8 S2\" id=\"t2g_128\">diffeences. Adjustments are also made </span><span class=\"S2342 SC8 S2\" id=\"t2h_128\">for price differences between salmon </span><span class=\"S2343 SC8 S2\" id=\"t2i_128\">and trout, and any other price premium </span><span class=\"S2344 SC8 S2\" id=\"t2j_128\">such as for Ecological produced </span><span class=\"S2345 SC8 S2\" id=\"t2k_128\">salmon or ASC-certi\ufb01ed \ufb01sh. The </span><span class=\"S1D3D SC8 S2\" id=\"t2l_128\">adjustments for exporter margin and </span><span class=\"S2346 SC8 S2\" id=\"t2m_128\">clearing costs are items estimated by </span><span class=\"S2347 SC8 S2\" id=\"t2n_128\">Fish Pool. The adjustment for harvest </span><span class=\"S2348 SC8 S2\" id=\"t2o_128\">costs, transport costs and quality </span><span class=\"S2349 SC8 S2\" id=\"t2p_128\">differences is based on the Group\u2019s </span><span class=\"S234A SC8 S2\" id=\"t2q_128\">historical costs per region and </span><span class=\"S1BF7 SC8 S2\" id=\"t2r_128\">historical quality distribution, while </span><span class=\"S1EB4 SC8 S2\" id=\"t2s_128\">the other adjustments are based on </span><span class=\"S234B SC8 S2\" id=\"t2t_128\">an assessment using historical data </span><span class=\"S234C SC8 S2\" id=\"t2u_128\">and the Group\u2019s view of future market </span><span class=\"S234D SC8 S2\" id=\"t2v_128\">developments. </span><span class=\"S234E S1C40 S2\" id=\"t2w_128\">(2) Cost </span><span class=\"S234F SC8 S2\" id=\"t2x_128\">For \ufb01sh not ready for harvest, an </span><span class=\"S2350 SC8 S2\" id=\"t2y_128\">adjustment is also required for the </span><span class=\"S1FB5 SC8 S2\" id=\"t2z_128\">costs necessary to grow the \ufb01sh to </span><span class=\"S20D6 SC8 S2\" id=\"t30_128\">optimal harvest weight. Estimates </span><span class=\"S2351 SC8 S2\" id=\"t31_128\">related to future costs are based on </span><span class=\"S2352 SC8 S2\" id=\"t32_128\">the Group\u2019s prognoses per locality. </span><span class=\"S2353 SC8 S2\" id=\"t33_128\">There is some uncertainty regarding </span><span class=\"S2354 SC8 S2\" id=\"t34_128\">both future feed prices, other costs </span><span class=\"S2355 SC8 S2\" id=\"t35_128\">and biological development (growth, </span><span class=\"S1C05 SC8 S2\" id=\"t36_128\">feed factor and mortality). If the </span><span class=\"S2363 SC7 S2\" id=\"t3o_128\">Value adjustment of biological assets </span><span class=\"S1D64 SC8 S2\" id=\"t3p_128\">Biological assets comprise the stock </span><span class=\"S2364 SC8 S2\" id=\"t3q_128\">of roe, fry, juvenile \ufb01sh, cleaner \ufb01sh </span><span class=\"S2365 SC8 S2\" id=\"t3r_128\">and \ufb01sh in sea. Biological assets are </span><span class=\"S1FCF SC8 S2\" id=\"t3s_128\">measured at fair value less costs to </span><span class=\"S2366 SC8 S2\" id=\"t3t_128\">sell. For a more detailed description </span><span class=\"S2367 SC8 S2\" id=\"t3u_128\">of the accounting policies applied, </span><span class=\"S2368 SC8 S2\" id=\"t3v_128\">please refer to the description </span><span class=\"S2369 SC8 S2\" id=\"t3w_128\">provided under accounting policies </span><span class=\"S236A SC8 S2\" id=\"t3x_128\">and in the note on biological assets. </span><span class=\"S236B SC8 S2\" id=\"t3y_128\">Valuation is based on a number of </span><span class=\"S236C SC8 S2\" id=\"t3z_128\">different premises, many of which </span><span class=\"S236D SC8 S2\" id=\"t40_128\">are non-observable. The premises </span><span class=\"S236E SC8 S2\" id=\"t41_128\">can be categorised in four different </span><span class=\"S1D72 SC8 S2\" id=\"t42_128\">groups: (1) Price, (2) Cost, (3) Volume </span><span class=\"S236F SC8 S2\" id=\"t43_128\">and (4) Discount rate. Figures for the </span><span class=\"S2370 SC8 S2\" id=\"t44_128\">important premises are specifed in </span><span class=\"S2371 SC8 S2\" id=\"t45_128\">the note on biological assets. </span><span class=\"S1D77 SC8 S2\" id=\"t46_128\">For \ufb01sh ready for harvest on the </span><span class=\"S2372 SC8 S2\" id=\"t47_128\">balance sheet date, uncertainty </span><span class=\"S2373 SC8 S2\" id=\"t48_128\">mainly involves realised prices and </span><span class=\"S2374 SC8 S2\" id=\"t49_128\">volume. For \ufb01sh not ready for harvest, </span><span class=\"S2375 SC8 S2\" id=\"t4a_128\">the level of uncertainty is higher. In </span><span class=\"S2376 SC8 S2\" id=\"t4b_128\">addition to uncertainty related to </span><span class=\"S2377 SC8 S2\" id=\"t4c_128\">price and volume, there will also be </span><span class=\"S2378 SC8 S2\" id=\"t4d_128\">uncertainty related to remaining </span><span class=\"S2379 SC8 S2\" id=\"t4e_128\">production costs, remaining biological </span><span class=\"S1E87 SC8 S2\" id=\"t4f_128\">transformation and remaining </span><span class=\"S237A SC8 S2\" id=\"t4g_128\">mortality up to harvest date for </span><span class=\"S237B SC8 S2\" id=\"t4h_128\">this \ufb01sh. </span><span class=\"S237C S1C40 S2\" id=\"t4i_128\">(1) Price </span><span class=\"S237D SC8 S2\" id=\"t4j_128\">One important premise in the valuation </span><span class=\"S1FEA SC8 S2\" id=\"t4k_128\">of \ufb01sh both ready for harvest and not </span><span class=\"S237E SC8 S2\" id=\"t4l_128\">yet ready for harvest is the projected </span><span class=\"S237F SC8 S2\" id=\"t4m_128\">market price. This is also the premise </span><span class=\"S2380 SC8 S2\" id=\"t4n_128\">that historically shows the highest </span><span class=\"S2381 S18EC S2\" id=\"t4v_128\">NOTE 3 </span><span class=\"S2298 S18EC S2\" id=\"t4w_128\">Signi\ufb01cant accounting estimates and assessments </span><span class=\"S1F22 SC8 S2\" id=\"t1_129\">price the future expected margin is an </span><span class=\"S2382 SC8 S2\" id=\"t2_129\">important parameter. The margin is </span><span class=\"S2383 SC8 S2\" id=\"t3_129\">calculated as the difference between </span><span class=\"S2384 SC8 S2\" id=\"t4_129\">price and cost in future periods. Thus, </span><span class=\"S2385 SC8 S2\" id=\"t5_129\">the forward price on salmon together </span><span class=\"S22A8 SC8 S2\" id=\"t6_129\">with expectations regarding future </span><span class=\"S2386 SC8 S2\" id=\"t7_129\">cost level have a signi\ufb01cant impact </span><span class=\"S2387 SC8 S2\" id=\"t8_129\">on the future expected margin. The </span><span class=\"S2388 SC8 S2\" id=\"t9_129\">higher the expectations to the future </span><span class=\"S2389 SC8 S2\" id=\"ta_129\">margins are, the higher a hypothetical </span><span class=\"S238A SC8 S2\" id=\"tb_129\">license lease price will be. This is </span><span class=\"S238B SC8 S2\" id=\"tc_129\">explained with the fact that higher </span><span class=\"S238C SC8 S2\" id=\"td_129\">margins will increase the fair value </span><span class=\"S238D SC8 S2\" id=\"te_129\">on the licenses. If the expectations to </span><span class=\"S238E SC8 S2\" id=\"tf_129\">the margins drops, this will over time </span><span class=\"S238F SC8 S2\" id=\"tg_129\">lead to lower hypothetical lease rent, </span><span class=\"S2390 SC8 S2\" id=\"th_129\">and fair value on the licenses. </span><span class=\"S2391 SC8 S2\" id=\"ti_129\">How the change in the expectations </span><span class=\"S21F0 SC8 S2\" id=\"tj_129\">regarding future margins occurs, has </span><span class=\"S2392 SC8 S2\" id=\"tk_129\">also signi\ufb01cance. </span><span class=\"S2393 SC8 S2\" id=\"tl_129\">It is assumed that an </span><span class=\"S2394 SC8 S2\" id=\"tm_129\">unexpected lower (higher) price at date </span><span class=\"S1F37 SC8 S2\" id=\"tn_129\">for measurement will not lead to a </span><span class=\"S2395 SC8 S2\" id=\"to_129\">simultaneously reduction (increase) </span><span class=\"S2396 SC8 S2\" id=\"tp_129\">in hypothetical license lease price for </span><span class=\"S211B SC8 S2\" id=\"tq_129\">\ufb01sh in sea, but instead a step by step </span><span class=\"S2397 SC8 S2\" id=\"tr_129\">reduction (increase) in future lease </span><span class=\"S2398 SC8 S2\" id=\"ts_129\">price for new smolt releases. This is </span><span class=\"S2399 SC8 S2\" id=\"tt_129\">explained with the fact that it must </span><span class=\"S239A SC8 S2\" id=\"tu_129\">be assumed that the lease price for </span><span class=\"S1CCB SC8 S2\" id=\"tv_129\">the \ufb01sh in sea is already negotiated </span><span class=\"S1F40 SC8 S2\" id=\"tw_129\">for the period until harvest. When it </span><span class=\"S239B SC8 S2\" id=\"tx_129\">comes to the production costs it is </span><span class=\"S239C SC8 S2\" id=\"ty_129\">assumed that changes in expected </span><span class=\"S239D SC8 S2\" id=\"tz_129\">future cost level will not impact the </span><span class=\"S239E SC8 S2\" id=\"t10_129\">value of the biological assets directly, </span><span class=\"S239F SC8 S2\" id=\"t11_129\">but indirectly as a consequence of </span><span class=\"S1F46 SC8 S2\" id=\"t12_129\">the fact that the future hypothetical </span><span class=\"S23A0 SC8 S2\" id=\"t13_129\">license lease price will be based on </span><span class=\"S23A1 SC8 S2\" id=\"t14_129\">expectations on future margins. </span><span class=\"S23A2 SC7 S2\" id=\"t15_129\">Sensitivity analysis on fair value of </span><span class=\"S23A3 SC7 S2\" id=\"t16_129\">\ufb01sh in sea </span><span class=\"S23A4 SC8 S2\" id=\"t17_129\">The Group considers that four </span><span class=\"S23A5 SC8 S2\" id=\"t18_129\">components are key for valuation. </span><span class=\"S1DB6 SC8 S2\" id=\"t19_129\">These are: </span><span class=\"S23A6 SC8 S2\" id=\"t1a_129\">(1) weighted average price, </span><span class=\"S23A7 SC8 S2\" id=\"t1b_129\">(2) projected optimal harvest weight, </span><span class=\"S23A8 SC8 S2\" id=\"t1c_129\">(3) monthly discount rate and </span><span class=\"S23A9 SC8 S2\" id=\"t1d_129\">(4) estimated number of \ufb01sh. </span><span class=\"S1DBB SC8 S2\" id=\"t1e_129\">The tables on the next page show a </span><span class=\"S1DBC SC8 S2\" id=\"t1f_129\">simulated sensitivity to changes in </span><span class=\"S23AA SC8 S2\" id=\"t1g_129\">fair value of the biological assets in </span><span class=\"S201D SC8 S2\" id=\"t1h_129\">the event of changes in these </span><span class=\"S23AB SC8 S2\" id=\"t1i_129\">parameters: </span><span class=\"S23AC SC8 S2\" id=\"t1j_129\">allocate a suf\ufb01cient share of the </span><span class=\"S23AD SC8 S2\" id=\"t1k_129\">returns to the buyer\u2019s own licenses or </span><span class=\"S23AE SC8 S2\" id=\"t1l_129\">to cover the lease costs for leased </span><span class=\"S23AF SC8 S2\" id=\"t1m_129\">licenses. It is dif\ufb01cult to create a model </span><span class=\"S23B0 SC8 S2\" id=\"t1n_129\">that would allow a hypothetical </span><span class=\"S2024 SC8 S2\" id=\"t1o_129\">annual lease cost to be derived from </span><span class=\"S23B1 SC8 S2\" id=\"t1p_129\">prices for sold licenses, as the curve </span><span class=\"S23B2 SC8 S2\" id=\"t1q_129\">in the model would be based on </span><span class=\"S23B3 SC8 S2\" id=\"t1r_129\">projections of future pro\ufb01t </span><span class=\"S23B4 SC8 S2\" id=\"t1s_129\">performance in the industry. </span><span class=\"S23B5 SC8 S2\" id=\"t1t_129\">Moreover, it is a complex process to </span><span class=\"S1C83 SC8 S2\" id=\"t1u_129\">derive a lease price per shorter unit </span><span class=\"S23B6 SC8 S2\" id=\"t1v_129\">of time and, in the last instance, per </span><span class=\"S23B7 SC8 S2\" id=\"t1w_129\">volume, when the license limitations </span><span class=\"S23B8 SC8 S2\" id=\"t1x_129\">are measured at different levels </span><span class=\"S202C SC8 S2\" id=\"t1y_129\">(location, region and company). </span><span class=\"S23B9 S2197 S2\" id=\"t1z_129\">4.3 Time value </span><span class=\"S23BA SC8 S2\" id=\"t20_129\">Finally, a discount must be made for </span><span class=\"S23BB SC8 S2\" id=\"t21_129\">the time value of the tied-up capital </span><span class=\"S23BC SC8 S2\" id=\"t22_129\">linked to the share of the present value </span><span class=\"S23BD SC8 S2\" id=\"t23_129\">of the cash \ufb02ow allocated to the </span><span class=\"S23BE SC8 S2\" id=\"t24_129\">biomass. It has to be assumed that a </span><span class=\"S1DD9 SC8 S2\" id=\"t25_129\">hypothetical buyer would claim </span><span class=\"S23BF SC8 S2\" id=\"t26_129\">compensation for the alternative cost </span><span class=\"S23C0 SC8 S2\" id=\"t27_129\">of investing funds in live \ufb01sh rather </span><span class=\"S23C1 SC8 S2\" id=\"t28_129\">than some other type of investment. </span><span class=\"S23C2 SC8 S2\" id=\"t29_129\">The production cycle for salmon in the </span><span class=\"S23C3 SC8 S2\" id=\"t2a_129\">sea currently takes up to 18 months. </span><span class=\"S203A SC8 S2\" id=\"t2b_129\">The cash \ufb02ow will therefore extend </span><span class=\"S1C95 SC8 S2\" id=\"t2c_129\">over a similar period. Assuming a </span><span class=\"S23C4 SC8 S2\" id=\"t2d_129\">constant sales price throughout the </span><span class=\"S23C5 SC8 S2\" id=\"t2e_129\">period, the cash \ufb02ow would decrease </span><span class=\"S1C98 SC8 S2\" id=\"t2f_129\">for each month, as costs are incurred </span><span class=\"S23C6 SC8 S2\" id=\"t2g_129\">to farm the \ufb01sh to slaughter weight. </span><span class=\"S23C7 SC8 S2\" id=\"t2h_129\">The costs increase for every month </span><span class=\"S23C8 SC8 S2\" id=\"t2i_129\">the \ufb01sh are in the sea. As such, the </span><span class=\"S2156 SC8 S2\" id=\"t2j_129\">effect of deferred cash \ufb02ow is lower </span><span class=\"S23C9 SC8 S2\" id=\"t2k_129\">than would be the case if the cash \ufb02ow </span><span class=\"S23CA SC8 S2\" id=\"t2l_129\">had been constant. This component </span><span class=\"S23CB SC8 S2\" id=\"t2m_129\">is however deemed important due to </span><span class=\"S2044 SC8 S2\" id=\"t2n_129\">the major values the stock of \ufb01sh </span><span class=\"S23CC SC8 S2\" id=\"t2o_129\">represents. </span><span class=\"S23CD S2197 S2\" id=\"t2p_129\">4.4. Evaluation of discount rate </span><span class=\"S23CE SC8 S2\" id=\"t2q_129\">At year end 2022 a 4% monthly </span><span class=\"S23CF SC8 S2\" id=\"t2r_129\">discount rate has been applied. The </span><span class=\"S23D0 SC8 S2\" id=\"t2s_129\">discount rate previous year was also </span><span class=\"S23D1 SC8 S2\" id=\"t2t_129\">4%. In the sensitivity analysis below, it </span><span class=\"S23D2 SC8 S2\" id=\"t2u_129\">is demonstrated how a change in </span><span class=\"S204A SC8 S2\" id=\"t2v_129\">discount rate would impact the value </span><span class=\"S1F1B SC8 S2\" id=\"t2w_129\">on \ufb01sh in sea. The change is a result </span><span class=\"S23D3 SC8 S2\" id=\"t2x_129\">from a periodic review. </span><span class=\"S23D4 SC8 S2\" id=\"t2y_129\">As mentioned above, the hypothetical </span><span class=\"S23D5 SC8 S2\" id=\"t2z_129\">license lease is one of the main </span><span class=\"S1CAE SC8 S2\" id=\"t30_129\">elements when setting the discount </span><span class=\"S23D6 SC8 S2\" id=\"t31_129\">rate. In the hypothetical license lease </span><span class=\"S23D7 SC8 S2\" id=\"t32_129\">to the same period as the income, so </span><span class=\"S23D8 SC8 S2\" id=\"t33_129\">there is only one cash \ufb02ow per locality. </span><span class=\"S23D9 SC8 S2\" id=\"t34_129\">The cash \ufb02ow is allocated to the month </span><span class=\"S23DA SC8 S2\" id=\"t35_129\">when harvest is estimated to take </span><span class=\"S23DB SC8 S2\" id=\"t36_129\">place. The sum of the cash \ufb02ows from </span><span class=\"S1DFD SC8 S2\" id=\"t37_129\">all the localities where the Group has </span><span class=\"S1DFE SC8 S2\" id=\"t38_129\">\ufb01sh in the sea will then be distributed </span><span class=\"S23DC SC8 S2\" id=\"t39_129\">over the entire period of time it takes </span><span class=\"S23DD SC8 S2\" id=\"t3a_129\">to farm the \ufb01sh in the sea on the </span><span class=\"S23DE SC8 S2\" id=\"t3b_129\">balance sheet date. With the current </span><span class=\"S23DF SC8 S2\" id=\"t3c_129\">size of the smolt released and the </span><span class=\"S23E0 SC8 S2\" id=\"t3d_129\">frequency of the smolt releases, this </span><span class=\"S23E1 SC8 S2\" id=\"t3e_129\">period of time may be up to 18 months. </span><span class=\"S23E2 SC8 S2\" id=\"t3f_129\">The estimated future cash \ufb02ow is </span><span class=\"S205D SC8 S2\" id=\"t3g_129\">discounted monthly. The level of </span><span class=\"S23E3 SC8 S2\" id=\"t3h_129\">discount rate applied has a major </span><span class=\"S23E4 SC8 S2\" id=\"t3i_129\">impact on the estimate of fair value. </span><span class=\"S23E5 SC8 S2\" id=\"t3j_129\">The discount rate shall take into </span><span class=\"S23E6 SC8 S2\" id=\"t3k_129\">account a number of factors. The </span><span class=\"S23E7 SC8 S2\" id=\"t3l_129\">discount factor comprises three main </span><span class=\"S23E8 SC8 S2\" id=\"t3m_129\">elements: (1) Risk adjustment, (2) </span><span class=\"S23E9 SC8 S2\" id=\"t3n_129\">License lease and (3) Time value. </span><span class=\"S23EA S2197 S2\" id=\"t3o_129\">4.1. Risk adjustment </span><span class=\"S23EB SC8 S2\" id=\"t3p_129\">The risk adjustment shall re\ufb02ect the </span><span class=\"S23EC SC8 S2\" id=\"t3q_129\">price discount a hypothetical buyer </span><span class=\"S23ED SC8 S2\" id=\"t3r_129\">would demand as compensation for </span><span class=\"S23EE SC8 S2\" id=\"t3s_129\">the risk assumed by investing in live </span><span class=\"S23EF SC8 S2\" id=\"t3t_129\">\ufb01sh rather than a different investment. </span><span class=\"S1E13 SC8 S2\" id=\"t3u_129\">The longer it takes to reach harvest </span><span class=\"S1C5C SC8 S2\" id=\"t3v_129\">date, the higher the risk that </span><span class=\"S1EDD SC8 S2\" id=\"t3w_129\">something may occur to affect cash </span><span class=\"S1C5E SC8 S2\" id=\"t3x_129\">\ufb02ow. Three signi\ufb01cant factors could </span><span class=\"S23F0 SC8 S2\" id=\"t3y_129\">have an impact on cash \ufb02ow. Volume </span><span class=\"S23F1 SC8 S2\" id=\"t3z_129\">could change, costs could change and </span><span class=\"S23F2 SC8 S2\" id=\"t40_129\">prices could change. The one thing all </span><span class=\"S23F3 SC8 S2\" id=\"t41_129\">three factors have in common is that </span><span class=\"S23F4 SC8 S2\" id=\"t42_129\">the sample space is unsymmetrical. </span><span class=\"S23F5 S2197 S2\" id=\"t43_129\">4.2. Hypothetical license lease </span><span class=\"S23F6 SC8 S2\" id=\"t44_129\">Salmon and trout farming is not a </span><span class=\"S23F7 SC8 S2\" id=\"t45_129\">market with free competition and no </span><span class=\"S23F8 SC8 S2\" id=\"t46_129\">barriers to entry. Due to limited </span><span class=\"S23F9 SC8 S2\" id=\"t47_129\">access to licenses for farming \ufb01sh for </span><span class=\"S23FA SC8 S2\" id=\"t48_129\">consumers, such licenses currently have </span><span class=\"S1EE7 SC8 S2\" id=\"t49_129\">a very high value. For a hypothetical </span><span class=\"S23FB SC8 S2\" id=\"t4a_129\">buyer of live \ufb01sh to take over and </span><span class=\"S23FC SC8 S2\" id=\"t4b_129\">continue to farm the \ufb01sh, he/she would </span><span class=\"S2191 SC8 S2\" id=\"t4c_129\">need a license, locality and other </span><span class=\"S23FD SC8 S2\" id=\"t4d_129\">permits required for such production. </span><span class=\"S23FE SC8 S2\" id=\"t4e_129\">At the time of writing, leasing of </span><span class=\"S23FF SC8 S2\" id=\"t4f_129\">licenses is not permitted. However, </span><span class=\"S2400 SC8 S2\" id=\"t4g_129\">on a hypothetical market for the </span><span class=\"S207D SC8 S2\" id=\"t4h_129\">purchase and sale of live \ufb01sh, it has </span><span class=\"S2401 SC8 S2\" id=\"t4i_129\">to be assumed that this would be </span><span class=\"S2402 SC8 S2\" id=\"t4j_129\">possible. In such a scenario, a </span><span class=\"S2403 SC8 S2\" id=\"t4k_129\">hypothetical buyer would claim a </span><span class=\"S2404 SC8 S2\" id=\"t4l_129\">signi\ufb01cant discount in order to </span><span class=\"S2405 SC8 S2\" id=\"t1_130\">weight, the table shows changes in </span><span class=\"S2406 SC8 S2\" id=\"t2_130\">fair value when there is an increase </span><span class=\"S2407 SC8 S2\" id=\"t3_130\">in projected harvest weight of 250 </span><span class=\"S2408 SC8 S2\" id=\"t4_130\">and 500 grams respectively, and for </span><span class=\"S2409 SC8 S2\" id=\"t5_130\">a corresponding reduction, without </span><span class=\"S240A SC8 S2\" id=\"t6_130\">any change in remaining cost. For </span><span class=\"S240B SC8 S2\" id=\"t7_130\">price, the change is per NOK gutted </span><span class=\"S240C SC8 S2\" id=\"t8_130\">weight after adjustment for </span><span class=\"S240D SC8 S2\" id=\"t9_130\">slaughtering cost, packaging cost, </span><span class=\"S240E SC8 S2\" id=\"ta_130\">transport cost to Oslo, quality, size </span><span class=\"S240F SC8 S2\" id=\"tb_130\">and exporter margin. </span><span class=\"S2410 SC8 S2\" id=\"tc_130\">The table shows changes in estimated </span><span class=\"S2411 SC8 S2\" id=\"td_130\">fair value (present value) before </span><span class=\"S2412 SC8 S2\" id=\"te_130\">provision for loss-making contracts </span><span class=\"S2413 SC8 S2\" id=\"tf_130\">for the parameters price per kg and </span><span class=\"S2414 SC8 S2\" id=\"tg_130\">projected harvest weight per kg </span><span class=\"S2415 SC8 S2\" id=\"th_130\">gutted weight. For projected harvest </span><span class=\"S2416 S249F S2\" id=\"ti_130\">Sensitivity analysis for weighted average price and expected optimal harvest weight </span><span class=\"S2417 SC4 S2\" id=\"tj_130\">Projected optimal harvest weight per \ufb01sh in kg gwe </span><span class=\"S2418 SC4 S2\" id=\"tk_130\">3.5 </span><span class=\"S2419 SC4 S2\" id=\"tl_130\">3.8 </span><span class=\"S241A SC4 S2\" id=\"tm_130\">4.0 </span><span class=\"S241B SC4 S2\" id=\"tn_130\">4.3 </span><span class=\"S241C SC4 S2\" id=\"to_130\">4.5 </span><span class=\"S241D SC4 S2\" id=\"tp_130\">Change in projected weight per kg gwe </span><span class=\"S241E SC4 S2\" id=\"tq_130\">-0.50 </span><span class=\"S241F SC4 S2\" id=\"tr_130\">-0.25 </span><span class=\"S2420 SC4 S2\" id=\"ts_130\">- </span><span class=\"S2421 SC4 S2\" id=\"tt_130\">0.25 </span><span class=\"S2422 SC4 S2\" id=\"tu_130\">0.50 </span><span class=\"S2423 SC4 S2\" id=\"tv_130\">69.4 </span><span class=\"S2424 SC4 S2\" id=\"tw_130\">-5.00 </span><span class=\"S2425 SC5 S2\" id=\"tx_130\">5 455 416 </span><span class=\"S2426 SC5 S2\" id=\"ty_130\">5 939 146 </span><span class=\"S2427 SC5 S2\" id=\"tz_130\">6 450 019 </span><span class=\"S2428 SC5 S2\" id=\"t10_130\">6 965 505 </span><span class=\"S2429 SC5 S2\" id=\"t11_130\">7 480 991 </span><span class=\"S242A SC4 S2\" id=\"t12_130\">72.4 </span><span class=\"S242B SC4 S2\" id=\"t13_130\">-2.00 </span><span class=\"S242C SC5 S2\" id=\"t14_130\">5 827 081 </span><span class=\"S242D SC5 S2\" id=\"t15_130\">6 331 788 </span><span class=\"S242E SC5 S2\" id=\"t16_130\">6 864 660 </span><span class=\"S242F SC5 S2\" id=\"t17_130\">7 402 330 </span><span class=\"S2430 SC5 S2\" id=\"t18_130\">7 940 000 </span><span class=\"S2431 SC4 S2\" id=\"t19_130\">73.4 </span><span class=\"S2432 SC4 S2\" id=\"t1a_130\">-1.00 </span><span class=\"S2433 SC5 S2\" id=\"t1b_130\">5 950 970 </span><span class=\"S2434 SC5 S2\" id=\"t1c_130\">6 462 669 </span><span class=\"S2435 SC5 S2\" id=\"t1d_130\">7 002 873 </span><span class=\"S2436 SC5 S2\" id=\"t1e_130\">7 547 938 </span><span class=\"S2437 SC5 S2\" id=\"t1f_130\">8 093 002 </span><span class=\"S2438 SC4 S2\" id=\"t1g_130\">74.4 </span><span class=\"S2439 SC4 S2\" id=\"t1h_130\">- </span><span class=\"S243A SC5 S2\" id=\"t1i_130\">6 074 858 </span><span class=\"S243B SC5 S2\" id=\"t1j_130\">6 593 549 </span><span class=\"S243C SC4 S2\" id=\"t1k_130\">7 141 087 </span><span class=\"S243D SC5 S2\" id=\"t1l_130\">7 693 546 </span><span class=\"S243E SC5 S2\" id=\"t1m_130\">8 246 005 </span><span class=\"S243F SC4 S2\" id=\"t1n_130\">75.4 </span><span class=\"S2440 SC4 S2\" id=\"t1o_130\">1.00 </span><span class=\"S2441 SC5 S2\" id=\"t1p_130\">6 198 746 </span><span class=\"S2442 SC5 S2\" id=\"t1q_130\">6 724 430 </span><span class=\"S2443 SC5 S2\" id=\"t1r_130\">7 279 301 </span><span class=\"S2444 SC5 S2\" id=\"t1s_130\">7 839 154 </span><span class=\"S2445 SC5 S2\" id=\"t1t_130\">8 399 008 </span><span class=\"S2446 SC4 S2\" id=\"t1u_130\">76.4 </span><span class=\"S2447 SC4 S2\" id=\"t1v_130\">2.00 </span><span class=\"S2448 SC5 S2\" id=\"t1w_130\">6 322 635 </span><span class=\"S2449 SC5 S2\" id=\"t1x_130\">6 855 311 </span><span class=\"S244A SC5 S2\" id=\"t1y_130\">7 417 514 </span><span class=\"S244B SC5 S2\" id=\"t1z_130\">7 984 762 </span><span class=\"S244C SC5 S2\" id=\"t20_130\">8 552 011 </span><span class=\"S244D SC4 S2\" id=\"t21_130\">79.4 </span><span class=\"S244E SC4 S2\" id=\"t22_130\">5.00 </span><span class=\"S244F SC5 S2\" id=\"t23_130\">6 694 300 </span><span class=\"S2450 SC5 S2\" id=\"t24_130\">7 247 953 </span><span class=\"S2451 SC5 S2\" id=\"t25_130\">7 832 155 </span><span class=\"S2452 SC5 S2\" id=\"t26_130\">8 421 587 </span><span class=\"S2453 SC5 S2\" id=\"t27_130\">9 011 019 </span><span class=\"S2454 S249F S2\" id=\"t28_130\">Sensitivity analysis for weighted average price and monthly discount rate applied </span><span class=\"S2455 SC4 S2\" id=\"t29_130\">Monthly discount rate (%) </span><span class=\"S2456 SC4 S2\" id=\"t2a_130\">2.0 % </span><span class=\"S2457 SC4 S2\" id=\"t2b_130\">3.0 % </span><span class=\"S2458 SC4 S2\" id=\"t2c_130\">4.0 % </span><span class=\"S2459 SC4 S2\" id=\"t2d_130\">5.0 % </span><span class=\"S245A SC4 S2\" id=\"t2e_130\">6.0 % </span><span class=\"S245B SC4 S2\" id=\"t2f_130\">Change in monthly discount rate (%) </span><span class=\"S245C SC4 S2\" id=\"t2g_130\">-2.0 % </span><span class=\"S245D SC4 S2\" id=\"t2h_130\">-1.0 % </span><span class=\"S245E SC4 S2\" id=\"t2i_130\">0.0 % </span><span class=\"S245F SC4 S2\" id=\"t2j_130\">1.0 % </span><span class=\"S2460 SC4 S2\" id=\"t2k_130\">2.0 % </span><span class=\"S2461 SC4 S2\" id=\"t2l_130\">69.4 </span><span class=\"S2462 SC4 S2\" id=\"t2m_130\">-5.00 </span><span class=\"S2463 SC5 S2\" id=\"t2n_130\">7 540 374 </span><span class=\"S2464 SC5 S2\" id=\"t2o_130\">6 964 823 </span><span class=\"S2465 SC5 S2\" id=\"t2p_130\">6 450 019 </span><span class=\"S2466 SC5 S2\" id=\"t2q_130\">5 988 219 </span><span class=\"S2467 SC5 S2\" id=\"t2r_130\">5 572 802 </span><span class=\"S2468 SC4 S2\" id=\"t2s_130\">72.4 </span><span class=\"S2469 SC4 S2\" id=\"t2t_130\">-2.00 </span><span class=\"S246A SC5 S2\" id=\"t2u_130\">8 037 503 </span><span class=\"S246B SC5 S2\" id=\"t2v_130\">7 418 214 </span><span class=\"S246C SC5 S2\" id=\"t2w_130\">6 864 660 </span><span class=\"S246D SC5 S2\" id=\"t2x_130\">6 368 431 </span><span class=\"S246E SC5 S2\" id=\"t2y_130\">5 922 342 </span><span class=\"S246F SC4 S2\" id=\"t2z_130\">73.4 </span><span class=\"S2470 SC4 S2\" id=\"t30_130\">-1.00 </span><span class=\"S2471 SC5 S2\" id=\"t31_130\">8 203 213 </span><span class=\"S2472 SC5 S2\" id=\"t32_130\">7 569 344 </span><span class=\"S2473 SC5 S2\" id=\"t33_130\">7 002 873 </span><span class=\"S2474 SC5 S2\" id=\"t34_130\">6 495 169 </span><span class=\"S2475 SC5 S2\" id=\"t35_130\">6 038 855 </span><span class=\"S2476 SC4 S2\" id=\"t36_130\">74.4 </span><span class=\"S2477 SC4 S2\" id=\"t37_130\">- </span><span class=\"S2478 SC5 S2\" id=\"t38_130\">8 368 922 </span><span class=\"S2479 SC5 S2\" id=\"t39_130\">7 720 475 </span><span class=\"S247A SC4 S2\" id=\"t3a_130\">7 141 087 </span><span class=\"S247B SC5 S2\" id=\"t3b_130\">6 621 906 </span><span class=\"S247C SC5 S2\" id=\"t3c_130\">6 155 368 </span><span class=\"S247D SC4 S2\" id=\"t3d_130\">75.4 </span><span class=\"S247E SC4 S2\" id=\"t3e_130\">1.00 </span><span class=\"S247F SC5 S2\" id=\"t3f_130\">8 534 632 </span><span class=\"S2480 SC5 S2\" id=\"t3g_130\">7 871 605 </span><span class=\"S2481 SC5 S2\" id=\"t3h_130\">7 279 301 </span><span class=\"S2482 SC5 S2\" id=\"t3i_130\">6 748 644 </span><span class=\"S2483 SC5 S2\" id=\"t3j_130\">6 271 881 </span><span class=\"S2484 SC4 S2\" id=\"t3k_130\">76.4 </span><span class=\"S2485 SC4 S2\" id=\"t3l_130\">2.00 </span><span class=\"S2486 SC5 S2\" id=\"t3m_130\">8 700 342 </span><span class=\"S2487 SC5 S2\" id=\"t3n_130\">8 022 736 </span><span class=\"S2488 SC5 S2\" id=\"t3o_130\">7 417 514 </span><span class=\"S2489 SC5 S2\" id=\"t3p_130\">6 875 381 </span><span class=\"S248A SC5 S2\" id=\"t3q_130\">6 388 395 </span><span class=\"S248B SC4 S2\" id=\"t3r_130\">79.4 </span><span class=\"S248C SC4 S2\" id=\"t3s_130\">5.00 </span><span class=\"S248D SC5 S2\" id=\"t3t_130\">9 197 470 </span><span class=\"S248E SC5 S2\" id=\"t3u_130\">8 476 127 </span><span class=\"S248F SC5 S2\" id=\"t3v_130\">7 832 155 </span><span class=\"S2490 SC5 S2\" id=\"t3w_130\">7 255 594 </span><span class=\"S2491 SC5 S2\" id=\"t3x_130\">6 737 935 </span><span class=\"S2492 SC5 S170F S2\" id=\"t3y_130\">Average price per kg (NOK) </span><span class=\"S2494 SC5 S170F S2\" id=\"t40_130\">Change in price per kg (NOK) </span><span class=\"S2496 SC8 S2\" id=\"t42_130\">The table shows changes in </span><span class=\"S2497 SC8 S2\" id=\"t43_130\">estimated fair value (present value) </span><span class=\"S2498 SC8 S2\" id=\"t44_130\">before provision for loss-making </span><span class=\"S2499 SC8 S2\" id=\"t45_130\">contracts for the parameters price </span><span class=\"S249A SC8 S2\" id=\"t46_130\">per kg and monthly discount rate. For </span><span class=\"S249B SC8 S2\" id=\"t47_130\">the monthly discount rate, the table </span><span class=\"S249C SC8 S2\" id=\"t48_130\">simulates an absolute change of +/- </span><span class=\"S249D SC8 S2\" id=\"t49_130\">1% and +/- 2% (100 and 200 points) </span><span class=\"S249E SC8 S2\" id=\"t4a_130\">respectively. </span><span class=\"S24A0 SC8 S2\" id=\"t1_131\">respectively. For the number of \ufb01sh in </span><span class=\"S24A1 SC8 S2\" id=\"t2_131\">stock, the table simulates a change </span><span class=\"S24A2 SC8 S2\" id=\"t3_131\">of +/- 1%, 2% and 5% in the number of </span><span class=\"S1F3 SC8 S2\" id=\"t4_131\">\ufb01sh per locality for all localities with </span><span class=\"S24A3 SC8 S2\" id=\"t5_131\">\ufb01sh in stock. </span><span class=\"S24A4 SC8 S2\" id=\"t6_131\">The table shows changes in </span><span class=\"S24A5 SC8 S2\" id=\"t7_131\">estimated fair value (present value) </span><span class=\"S24A6 SC8 S2\" id=\"t8_131\">before provision for loss-making </span><span class=\"SF2A SC8 S2\" id=\"t9_131\">contracts for the parameters </span><span class=\"S24A7 SC8 S2\" id=\"ta_131\">monthly discount rate and estimated </span><span class=\"S24A8 SC8 S2\" id=\"tb_131\">number of \ufb01sh in stock on the date of </span><span class=\"S24A9 SC8 S2\" id=\"tc_131\">the statement of \ufb01nancial position. </span><span class=\"S24AA SC8 S2\" id=\"td_131\">For the monthly discount rate, the </span><span class=\"SE2E SC8 S2\" id=\"te_131\">table simulates an absolute change </span><span class=\"S24AB SC8 S2\" id=\"tf_131\">of +/- 1% and 2% (100 and 200 points) </span><span class=\"S24AC S249F S2\" id=\"tg_131\">Sensitivity analysis for number of \ufb01sh in stock and monthly discount rate applied </span><span class=\"S24AD SC4 S2\" id=\"th_131\">Monthly discount rate (%) </span><span class=\"S24AE SC4 S2\" id=\"ti_131\">2.0 % </span><span class=\"S24AF SC4 S2\" id=\"tj_131\">3.0 % </span><span class=\"S24B0 SC4 S2\" id=\"tk_131\">4.0 % </span><span class=\"S24B1 SC4 S2\" id=\"tl_131\">5.0 % </span><span class=\"S24B2 SC4 S2\" id=\"tm_131\">6.0 % </span><span class=\"S24B3 SC4 S2\" id=\"tn_131\">Change in monthly discount rate (%) </span><span class=\"S24B4 SC4 S2\" id=\"to_131\">-2.0 % </span><span class=\"S24B5 SC4 S2\" id=\"tp_131\">-1.0 % </span><span class=\"S24B6 SC4 S2\" id=\"tq_131\">0.0 % </span><span class=\"S24B7 SC4 S2\" id=\"tr_131\">1.0 % </span><span class=\"S24B8 SC4 S2\" id=\"ts_131\">2.0 % </span><span class=\"S24B9 SC4 S2\" id=\"tt_131\">51.3 </span><span class=\"S24BA SC4 S2\" id=\"tu_131\">-5 % </span><span class=\"S24BB SC5 S2\" id=\"tv_131\">7 751 456 </span><span class=\"S24BC SC5 S2\" id=\"tw_131\">7 156 572 </span><span class=\"S24BD SC5 S2\" id=\"tx_131\">6 624 629 </span><span class=\"S24BE SC5 S2\" id=\"ty_131\">6 147 597 </span><span class=\"S24BF SC5 S2\" id=\"tz_131\">5 718 609 </span><span class=\"S24C0 SC4 S2\" id=\"t10_131\">52.9 </span><span class=\"S24C1 SC4 S2\" id=\"t11_131\">-2 % </span><span class=\"S24C2 SC5 S2\" id=\"t12_131\">8 121 936 </span><span class=\"S24C3 SC5 S2\" id=\"t13_131\">7 494 914 </span><span class=\"S24C4 SC5 S2\" id=\"t14_131\">6 934 504 </span><span class=\"S24C5 SC5 S2\" id=\"t15_131\">6 432 183 </span><span class=\"S24C6 SC5 S2\" id=\"t16_131\">5 980 664 </span><span class=\"S24C7 SC4 S2\" id=\"t17_131\">53.4 </span><span class=\"S24C8 SC4 S2\" id=\"t18_131\">-1 % </span><span class=\"S24C9 SC5 S2\" id=\"t19_131\">8 245 429 </span><span class=\"S24CA SC5 S2\" id=\"t1a_131\">7 607 694 </span><span class=\"S24CB SC5 S2\" id=\"t1b_131\">7 037 796 </span><span class=\"S24CC SC5 S2\" id=\"t1c_131\">6 527 045 </span><span class=\"S24CD SC5 S2\" id=\"t1d_131\">6 068 016 </span><span class=\"S24CE SC4 S2\" id=\"t1e_131\">54.0 </span><span class=\"S24CF SC4 S2\" id=\"t1f_131\">- </span><span class=\"S24D0 SC5 S2\" id=\"t1g_131\">8 368 922 </span><span class=\"S24D1 SC5 S2\" id=\"t1h_131\">7 720 475 </span><span class=\"S24D2 SC4 S2\" id=\"t1i_131\">7 141 087 </span><span class=\"S24D3 SC5 S2\" id=\"t1j_131\">6 621 906 </span><span class=\"S24D4 SC5 S2\" id=\"t1k_131\">6 155 368 </span><span class=\"S24D5 SC4 S2\" id=\"t1l_131\">54.5 </span><span class=\"S24D6 SC4 S2\" id=\"t1m_131\">1 % </span><span class=\"S24D7 SC5 S2\" id=\"t1n_131\">8 492 416 </span><span class=\"S24D8 SC5 S2\" id=\"t1o_131\">7 833 256 </span><span class=\"S24D9 SC5 S2\" id=\"t1p_131\">7 244 379 </span><span class=\"S24DA SC5 S2\" id=\"t1q_131\">6 716 768 </span><span class=\"S24DB SC5 S2\" id=\"t1r_131\">6 242 720 </span><span class=\"S24DC SC4 S2\" id=\"t1s_131\">55.0 </span><span class=\"S24DD SC4 S2\" id=\"t1t_131\">2 % </span><span class=\"S24DE SC5 S2\" id=\"t1u_131\">8 615 909 </span><span class=\"S24DF SC5 S2\" id=\"t1v_131\">7 946 036 </span><span class=\"S24E0 SC5 S2\" id=\"t1w_131\">7 347 670 </span><span class=\"S24E1 SC5 S2\" id=\"t1x_131\">6 811 630 </span><span class=\"S24E2 SC5 S2\" id=\"t1y_131\">6 330 072 </span><span class=\"S24E3 SC4 S2\" id=\"t1z_131\">56.6 </span><span class=\"S24E4 SC4 S2\" id=\"t20_131\">5 % </span><span class=\"S24E5 SC5 S2\" id=\"t21_131\">8 986 389 </span><span class=\"S24E6 SC5 S2\" id=\"t22_131\">8 284 378 </span><span class=\"S24E7 SC5 S2\" id=\"t23_131\">7 657 545 </span><span class=\"S24E8 SC5 S2\" id=\"t24_131\">7 096 215 </span><span class=\"S24E9 SC5 S2\" id=\"t25_131\">6 592 128 </span><span class=\"S24EA SC5 S170F S2\" id=\"t26_131\">Number of \ufb01sh in stock (in millions) </span><span class=\"S24EB SC5 S170F S2\" id=\"t27_131\">Change in number of \ufb01sh </span><span class=\"S24EC S249F S2\" id=\"t28_131\">Sensitivity analysis for weighted average price and number of \ufb01sh in stock </span><span class=\"S24ED SC4 S2\" id=\"t29_131\">Number of \ufb01sh in stock (million \ufb01sh) </span><span class=\"S24EE SC4 S2\" id=\"t2a_131\">50.6 </span><span class=\"S24EF SC4 S2\" id=\"t2b_131\">52.2 </span><span class=\"S24F0 SC4 S2\" id=\"t2c_131\">53.3 </span><span class=\"S24F1 SC4 S2\" id=\"t2d_131\">54.3 </span><span class=\"S24F2 SC4 S2\" id=\"t2e_131\">55.9 </span><span class=\"S24F3 SC4 S2\" id=\"t2f_131\">Change in number of \ufb01sh in stock </span><span class=\"S24F4 SC4 S2\" id=\"t2g_131\">-5 % </span><span class=\"S24F5 SC4 S2\" id=\"t2h_131\">-2 % </span><span class=\"S24F6 SC4 S2\" id=\"t2i_131\">0 % </span><span class=\"S24F7 SC4 S2\" id=\"t2j_131\">2 % </span><span class=\"S24F8 SC4 S2\" id=\"t2k_131\">5 % </span><span class=\"S24F9 SC4 S2\" id=\"t2l_131\">69.4 </span><span class=\"S24FA SC4 S2\" id=\"t2m_131\">-5.00 </span><span class=\"S24FB SC5 S2\" id=\"t2n_131\">5 968 115 </span><span class=\"S24FC SC5 S2\" id=\"t2o_131\">6 257 257 </span><span class=\"S24FD SC5 S2\" id=\"t2p_131\">6 450 019 </span><span class=\"S24FE SC5 S2\" id=\"t2q_131\">6 642 780 </span><span class=\"S24FF SC5 S2\" id=\"t2r_131\">6 931 923 </span><span class=\"S2500 SC4 S2\" id=\"t2s_131\">72.4 </span><span class=\"S2501 SC4 S2\" id=\"t2t_131\">-2.00 </span><span class=\"S2502 SC5 S2\" id=\"t2u_131\">6 362 024 </span><span class=\"S2503 SC5 S2\" id=\"t2v_131\">6 663 605 </span><span class=\"S2504 SC5 S2\" id=\"t2w_131\">6 864 660 </span><span class=\"S2505 SC5 S2\" id=\"t2x_131\">7 065 714 </span><span class=\"S2506 SC5 S2\" id=\"t2y_131\">7 367 296 </span><span class=\"S2507 SC4 S2\" id=\"t2z_131\">73.4 </span><span class=\"S2508 SC4 S2\" id=\"t30_131\">-1.00 </span><span class=\"S2509 SC5 S2\" id=\"t31_131\">6 493 326 </span><span class=\"S250A SC5 S2\" id=\"t32_131\">6 799 055 </span><span class=\"S250B SC5 S2\" id=\"t33_131\">7 002 873 </span><span class=\"S250C SC5 S2\" id=\"t34_131\">7 206 692 </span><span class=\"S250D SC5 S2\" id=\"t35_131\">7 512 420 </span><span class=\"S250E SC4 S2\" id=\"t36_131\">74.4 </span><span class=\"S250F SC4 S2\" id=\"t37_131\">- </span><span class=\"S2510 SC5 S2\" id=\"t38_131\">6 624 629 </span><span class=\"S2511 SC5 S2\" id=\"t39_131\">6 934 504 </span><span class=\"S2512 SC4 S2\" id=\"t3a_131\">7 141 087 </span><span class=\"S2513 SC5 S2\" id=\"t3b_131\">7 347 670 </span><span class=\"S2514 SC5 S2\" id=\"t3c_131\">7 657 545 </span><span class=\"S2515 SC4 S2\" id=\"t3d_131\">75.4 </span><span class=\"S2516 SC4 S2\" id=\"t3e_131\">1.00 </span><span class=\"S2517 SC5 S2\" id=\"t3f_131\">6 755 932 </span><span class=\"S2518 SC5 S2\" id=\"t3g_131\">7 069 953 </span><span class=\"S2519 SC5 S2\" id=\"t3h_131\">7 279 301 </span><span class=\"S251A SC5 S2\" id=\"t3i_131\">7 488 648 </span><span class=\"S251B SC5 S2\" id=\"t3j_131\">7 802 669 </span><span class=\"S251C SC4 S2\" id=\"t3k_131\">76.4 </span><span class=\"S251D SC4 S2\" id=\"t3l_131\">2.00 </span><span class=\"S251E SC5 S2\" id=\"t3m_131\">6 887 235 </span><span class=\"S251F SC5 S2\" id=\"t3n_131\">7 205 403 </span><span class=\"S2520 SC5 S2\" id=\"t3o_131\">7 417 514 </span><span class=\"S2521 SC5 S2\" id=\"t3p_131\">7 629 626 </span><span class=\"S2522 SC5 S2\" id=\"t3q_131\">7 947 793 </span><span class=\"S2523 SC4 S2\" id=\"t3r_131\">79.4 </span><span class=\"S2524 SC4 S2\" id=\"t3s_131\">5.00 </span><span class=\"S2525 SC5 S2\" id=\"t3t_131\">7 281 144 </span><span class=\"S2526 SC5 S2\" id=\"t3u_131\">7 611 751 </span><span class=\"S2527 SC5 S2\" id=\"t3v_131\">7 832 155 </span><span class=\"S2528 SC5 S2\" id=\"t3w_131\">8 052 560 </span><span class=\"S2529 SC5 S2\" id=\"t3x_131\">8 383 166 </span><span class=\"S252C SC8 S2\" id=\"t40_131\">The table shows changes in estimated </span><span class=\"S252D SC8 S2\" id=\"t41_131\">fair value (present value) before </span><span class=\"S252E SC8 S2\" id=\"t42_131\">provision for loss-making contracts </span><span class=\"S252F SC8 S2\" id=\"t43_131\">for the parameters price per kg and </span><span class=\"S2530 SC8 S2\" id=\"t44_131\">estimated number of \ufb01sh in stock on </span><span class=\"S2531 SC8 S2\" id=\"t45_131\">the balance sheet date. For the </span><span class=\"S2532 SC8 S2\" id=\"t46_131\">number of \ufb01sh in stock, the table </span><span class=\"S2533 SC8 S2\" id=\"t47_131\">simulates a change of +/- 2% and +/- </span><span class=\"S2534 SC8 S2\" id=\"t48_131\">5% in the number of \ufb01sh per locality </span><span class=\"S2535 SC8 S2\" id=\"t49_131\">for all localities with \ufb01sh in stock. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9777": {
   "value": "<span class=\"S1D22 S1C40 S2\" id=\"t1t_116\">Fixed assets </span><span class=\"S1BDC SC8 S2\" id=\"t1u_116\">Fixed assets are measured at </span><span class=\"S1D23 SC8 S2\" id=\"t1v_116\">acquisition costs less accumulated </span><span class=\"S1BDE SC8 S2\" id=\"t1w_116\">depreciation and any accumulated </span><span class=\"S1D24 SC8 S2\" id=\"t1x_116\">impairment loss. The depreciation on </span><span class=\"S1D25 SC8 S2\" id=\"t1y_116\">\ufb01xed assets is allocated linearly over </span><span class=\"S1D26 SC8 S2\" id=\"t1z_116\">estimated useful life (depreciation </span><span class=\"S1D27 SC8 S2\" id=\"t20_116\">period). Signi\ufb01cant parts of \ufb01xed </span><span class=\"S1D28 SC8 S2\" id=\"t21_116\">assets that have different depreciation </span><span class=\"S1D29 SC8 S2\" id=\"t22_116\">periods are decomposed and </span><span class=\"S1D2A SC8 S2\" id=\"t23_116\">depreciated separately. The estimated </span><span class=\"S1D2B SC8 S2\" id=\"t24_116\">average useful life of \ufb01xed assets, </span><span class=\"S1D2C SC8 S2\" id=\"t25_116\">when decomposed, is estimated as: </span><span class=\"S1D2D S1D8A S2\" id=\"t26_116\">\u2022 </span><span class=\"S1D2E S7D7 S2\" id=\"t27_116\">Land: </span><span class=\"S1D2F S1D8A S2\" id=\"t28_116\">Lasting value </span><span class=\"S1D30 S1D8A S2\" id=\"t29_116\">\u2022 </span><span class=\"S1D31 S7D7 S2\" id=\"t2a_116\">Buildings and real estate: </span><span class=\"S1D32 S1D8A S2\" id=\"t2b_116\">20-25 years </span><span class=\"S1D33 S1D8A S2\" id=\"t2c_116\">\u2022 </span><span class=\"S1D34 S7D7 S2\" id=\"t2d_116\">Machinery and production </span><span class=\"S1D35 S7D7 S2\" id=\"t2e_116\">equipment: </span><span class=\"S1D36 S1D8A S2\" id=\"t2f_116\">5-15 years </span><span class=\"S1D37 S1D8A S2\" id=\"t2g_116\">\u2022 </span><span class=\"S1D38 S7D7 S2\" id=\"t2h_116\">Vessels: </span><span class=\"S1D39 S1D8A S2\" id=\"t2i_116\">25 years </span><span class=\"S1D3A S1D8A S2\" id=\"t2j_116\">\u2022 </span><span class=\"S1D3B S7D7 S2\" id=\"t2k_116\">Fixtures and other equipment etc. </span><span class=\"S1D3C S1D8A S2\" id=\"t2l_116\">2.5-5 years </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9783": {
   "value": "The depreciation on <span class=\"S1D25 SC8 S2\" id=\"t1y_116\">\ufb01xed assets is allocated linearly over </span><span class=\"S1D26 SC8 S2\" id=\"t1z_116\">estimated useful life (depreciation </span><span class=\"S1D27 SC8 S2\" id=\"t20_116\">period). Signi\ufb01cant parts of \ufb01xed </span><span class=\"S1D28 SC8 S2\" id=\"t21_116\">assets that have different depreciation </span><span class=\"S1D29 SC8 S2\" id=\"t22_116\">periods are decomposed and </span><span class=\"S1D2A SC8 S2\" id=\"t23_116\">depreciated separately. The estimated </span><span class=\"S1D2B SC8 S2\" id=\"t24_116\">average useful life of \ufb01xed assets, </span><span class=\"S1D2C SC8 S2\" id=\"t25_116\">when decomposed, is estimated as: </span><span class=\"S1D2D S1D8A S2\" id=\"t26_116\">\u2022 </span><span class=\"S1D2E S7D7 S2\" id=\"t27_116\">Land: </span><span class=\"S1D2F S1D8A S2\" id=\"t28_116\">Lasting value </span><span class=\"S1D30 S1D8A S2\" id=\"t29_116\">\u2022 </span><span class=\"S1D31 S7D7 S2\" id=\"t2a_116\">Buildings and real estate: </span><span class=\"S1D32 S1D8A S2\" id=\"t2b_116\">20-25 years </span><span class=\"S1D33 S1D8A S2\" id=\"t2c_116\">\u2022 </span><span class=\"S1D34 S7D7 S2\" id=\"t2d_116\">Machinery and production </span><span class=\"S1D35 S7D7 S2\" id=\"t2e_116\">equipment: </span><span class=\"S1D36 S1D8A S2\" id=\"t2f_116\">5-15 years </span><span class=\"S1D37 S1D8A S2\" id=\"t2g_116\">\u2022 </span><span class=\"S1D38 S7D7 S2\" id=\"t2h_116\">Vessels: </span><span class=\"S1D39 S1D8A S2\" id=\"t2i_116\">25 years </span><span class=\"S1D3A S1D8A S2\" id=\"t2j_116\">\u2022 </span><span class=\"S1D3B S7D7 S2\" id=\"t2k_116\">Fixtures and other equipment etc. </span><span class=\"S1D3C S1D8A S2\" id=\"t2l_116\">2.5-5 years </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f9809": {
   "value": "<span class=\"S1D3D S1C40 S2\" id=\"t2m_116\">Right-of-use assets </span><span class=\"S1D3E SC8 S2\" id=\"t2n_116\">Leases are measured as the present </span><span class=\"S1D3F SC8 S2\" id=\"t2o_116\">value of the remaining lease payments, </span><span class=\"S1D40 SC8 S2\" id=\"t2p_116\">discounted using the Group\u2019s </span><span class=\"S1D41 SC8 S2\" id=\"t2q_116\">incremental borrowing rate, and </span><span class=\"S1D42 SC8 S2\" id=\"t2r_116\">recognised from the date the leasing </span><span class=\"S1D43 SC8 S2\" id=\"t2s_116\">agreement starts. Options for </span><span class=\"S1D44 SC8 S2\" id=\"t2t_116\">extension periods are included in the </span><span class=\"S1D45 SC8 S2\" id=\"t2u_116\">leasing calculation when they are </span><span class=\"S1D46 SC8 S2\" id=\"t2v_116\">reasonably certain to be exercised. </span><span class=\"S1D47 SC8 S2\" id=\"t2w_116\">At time of initial recognition, the </span><span class=\"S1D48 SC8 S2\" id=\"t2x_116\">associated right-of use asset is </span><span class=\"S1D49 SC8 S2\" id=\"t2y_116\">measured at an amount equal to the </span><span class=\"S1D4A SC8 S2\" id=\"t2z_116\">lease liability, adjusted by the amount </span><span class=\"S1D4B SC8 S2\" id=\"t30_116\">of any prepaid or accrued lease </span><span class=\"S1D4C SC8 S2\" id=\"t31_116\">payments. The right-of-use asset is </span><span class=\"S1D4D SC8 S2\" id=\"t32_116\">depreciated linearly from the </span><span class=\"S1D4E SC8 S2\" id=\"t33_116\">commencement date to the earlier of </span><span class=\"S1D4F SC8 S2\" id=\"t34_116\">the end of the useful life of the right-of- </span><span class=\"S1D50 SC8 S2\" id=\"t35_116\">use asset or the end of the lease term. </span><span class=\"S1D51 SC8 S2\" id=\"t36_116\">For contracts containing both lease </span><span class=\"S1D52 SC8 S2\" id=\"t37_116\">and non-lease components, the Group </span><span class=\"S1CE7 SC8 S2\" id=\"t1_116\">allocates the consideration in the </span><span class=\"S1CE8 SC8 S2\" id=\"t2_116\">contract to the lease and the non- </span><span class=\"S1CE9 SC8 S2\" id=\"t3_116\">lease components based on their </span><span class=\"S1CEA SC8 S2\" id=\"t4_116\">relative stand-alone prices. This mainly </span><span class=\"S1CEB SC8 S2\" id=\"t5_116\">applies to the Group\u2019s time charter </span><span class=\"S1CEC SC8 S2\" id=\"t6_116\">rental agreements of wellboats, where </span><span class=\"S1CED SC8 S2\" id=\"t7_116\">the service element of the contracts </span><span class=\"S1CEE SC8 S2\" id=\"t8_116\">is a signi\ufb01cant non-lease component. </span><span class=\"S1CEF SC8 S2\" id=\"t9_116\">The non-lease component is excluded </span><span class=\"S1CF0 SC8 S2\" id=\"ta_116\">from the lease accounting and </span><span class=\"S1CF1 SC8 S2\" id=\"tb_116\">expensed directly in the income </span><span class=\"S1CF2 SC8 S2\" id=\"tc_116\">statement. </span><span class=\"S1CF3 SC8 S2\" id=\"td_116\">The Group has applied the lease </span><span class=\"S1CF4 SC8 S2\" id=\"te_116\">recognition exemptions for short </span><span class=\"S1C14 SC8 S2\" id=\"tf_116\">term lease contracts and low-value </span><span class=\"S1CF5 SC8 S2\" id=\"tg_116\">assets. Short terms leases represent </span><span class=\"S1CF6 SC8 S2\" id=\"th_116\">lease agreements shorter than 12 </span><span class=\"S1CF7 SC8 S2\" id=\"ti_116\">months from the date of the contract. </span><span class=\"S1C18 SC8 S2\" id=\"tj_116\">Low value assets represent lease </span><span class=\"S1CF8 SC8 S2\" id=\"tk_116\">agreements that are lower than \ufb01fty </span><span class=\"S1CF9 SC8 S2\" id=\"tl_116\">thousand Norwegian krones. Rent </span><span class=\"S1CFA SC8 S2\" id=\"tm_116\">paid on non-recognised leases are </span><span class=\"S1CFB SC8 S2\" id=\"tn_116\">presented in the note on leases. </span><span class=\"S1CFC SC8 S2\" id=\"to_116\">The Group distinguishes between </span><span class=\"S1CFD SC8 S2\" id=\"tp_116\">leases with credit institutions and </span><span class=\"S1CFE SC8 S2\" id=\"tq_116\">leases with others. The distinction is </span><span class=\"S1CFF SC8 S2\" id=\"tr_116\">shown in note on leases. Acquisition </span><span class=\"S1D00 SC8 S2\" id=\"ts_116\">of right-of-use assets from leases with </span><span class=\"S1D01 SC8 S2\" id=\"tt_116\">credit institutions is considered to be </span><span class=\"S1D02 SC8 S2\" id=\"tu_116\">investments in new assets, while </span><span class=\"S1D03 SC8 S2\" id=\"tv_116\">acquisition of right-of-use assets from </span><span class=\"S1D04 SC8 S2\" id=\"tw_116\">others than credit institutions is not. </span><span class=\"S1D05 SC8 S2\" id=\"tx_116\">This distinction is also applied on the </span><span class=\"S1D06 SC8 S2\" id=\"ty_116\">debt side, and in the de\ufb01nition of </span><span class=\"S1D07 SC8 S2\" id=\"tz_116\">NIBD. See note on APMs for further </span><span class=\"S1D08 SC8 S2\" id=\"t10_116\">information. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10039": {
   "value": "<span class=\"S1E0A SC8 S2\" id=\"t3m_117\">Measurement of fair value is regulated </span><span class=\"S1E0B SC8 S2\" id=\"t3n_117\">by IFRS 13. \u2018Fair value\u2019 refers to the price </span><span class=\"S1E0C SC8 S2\" id=\"t3o_117\">that would have been achieved on sale </span><span class=\"S1E0D SC8 S2\" id=\"t3p_117\">of the asset in an orderly transaction </span><span class=\"S1E0E SC8 S2\" id=\"t3q_117\">between market participants at the </span><span class=\"S1E0F SC8 S2\" id=\"t3r_117\">measurement date under the </span><span class=\"S1E10 SC8 S2\" id=\"t3s_117\">prevailing market conditions. </span><span class=\"S1E11 SC8 S2\" id=\"t3t_117\">For roe, fry and juvenile \ufb01sh, in addition </span><span class=\"S1E12 SC8 S2\" id=\"t3u_117\">to cleaner \ufb01sh, historical cost is </span><span class=\"S1E13 SC8 S2\" id=\"t3v_117\">deemed a reasonable approach to </span><span class=\"S1E14 SC8 S2\" id=\"t3w_117\">fair value, as there is little biological </span><span class=\"S1E15 SC8 S2\" id=\"t3x_117\">transformation (IAS 41.24). This </span><span class=\"S1E16 SC8 S2\" id=\"t3y_117\">assessment must be seen in light of </span><span class=\"S1E17 SC8 S2\" id=\"t3z_117\">the fact that smolt are currently </span><span class=\"S1E18 SC8 S2\" id=\"t40_117\">released to sea at a stage when their </span><span class=\"S1E19 SC8 S2\" id=\"t41_117\">weight is still relatively low. At the </span><span class=\"S1E1A SC8 S2\" id=\"t42_117\">same time, this group still comprises a </span><span class=\"S1E1B SC8 S2\" id=\"t43_117\">limited share of the Group\u2019s biological </span><span class=\"S1E1C SC8 S2\" id=\"t44_117\">assets measured in terms of both </span><span class=\"S1E1D SC8 S2\" id=\"t45_117\">volume and value. If changes emerge </span><span class=\"S1E1E SC8 S2\" id=\"t46_117\">in the future implying that the smolt </span><span class=\"S1E1F SC8 S2\" id=\"t47_117\">produced are signi\ufb01cantly larger when </span><span class=\"S1E20 SC8 S2\" id=\"t48_117\">released to sea, a new assessment </span><span class=\"S1E21 SC8 S2\" id=\"t49_117\">will be required. </span><span class=\"S1E22 SC8 S2\" id=\"t4a_117\">For </span><span class=\"S1E23 S1E31 S2\" id=\"t4b_117\">\ufb01sh in sea</span><span class=\"S1E24 SC8 S2\" id=\"t4c_117\">, the fair value is </span><span class=\"S1E25 SC8 S2\" id=\"t4d_117\">calculated by applying a cash \ufb02ow </span><span class=\"S1E26 SC8 S2\" id=\"t4e_117\">based present value model at level </span><span class=\"S1E27 SC8 S2\" id=\"t4f_117\">three in the fair value hierarchy in </span><span class=\"S1E28 SC8 S2\" id=\"t4g_117\">IFRS 13. In line with IFRS 13, the highest </span><span class=\"S1C70 SC8 S2\" id=\"t4h_117\">and best use of the biological assets </span><span class=\"S1E29 SC8 S2\" id=\"t4i_117\">is applied for the valuation. In </span><span class=\"S1E2A SC8 S2\" id=\"t4j_117\">accordance with the principle for </span><span class=\"S1E2B SC8 S2\" id=\"t4k_117\">highest and best use, the Group </span><span class=\"S1E2C SC8 S2\" id=\"t4l_117\">considers that the \ufb01sh have optimal </span><span class=\"S1E2D SC8 S2\" id=\"t4m_117\">weight for harvest when they have a </span><span class=\"S1E2E SC8 S2\" id=\"t4n_117\">live weight corresponding to 4 kg </span><span class=\"S1E2F SC8 S2\" id=\"t4o_117\">gutted weight. For information on </span><span class=\"S1D8B SC8 S2\" id=\"t1_117\">Estimated biomass (volume) is based </span><span class=\"S1D8C SC8 S2\" id=\"t2_117\">on the actual number of individuals </span><span class=\"S1D8D SC8 S2\" id=\"t3_117\">in the sea on the balance sheet date, </span><span class=\"S1D8E SC8 S2\" id=\"t4_117\">adjusted to cover projected mortality </span><span class=\"S1D8F SC8 S2\" id=\"t5_117\">up to harvest date and multiplied by </span><span class=\"S1D90 SC8 S2\" id=\"t6_117\">the estimated weight per individual at </span><span class=\"S1D91 SC8 S2\" id=\"t7_117\">the time of harvest. The measurement </span><span class=\"S1D92 SC8 S2\" id=\"t8_117\">unit is the individual \ufb01sh. However, for </span><span class=\"S1D93 SC8 S2\" id=\"t9_117\">practical reasons, these estimates are </span><span class=\"S1D94 SC8 S2\" id=\"ta_117\">carried out per locality. The live weight </span><span class=\"S1D95 SC8 S2\" id=\"tb_117\">of \ufb01sh in the sea is translated to </span><span class=\"S1D96 SC8 S2\" id=\"tc_117\">gutted weight in order to arrive at the </span><span class=\"S1D97 SC8 S2\" id=\"td_117\">same measurement unit as for pricing. </span><span class=\"S1CBC SC8 S2\" id=\"te_117\">Pricing is based on the Fish Pool </span><span class=\"S1D98 SC8 S2\" id=\"tf_117\">forward prices. The reason for this is </span><span class=\"S1D99 SC8 S2\" id=\"tg_117\">that the observable forward prices </span><span class=\"S1D9A SC8 S2\" id=\"th_117\">at Fish Pool are recognised as the </span><span class=\"S1D9B SC8 S2\" id=\"ti_117\">best approach to a hypothetical price </span><span class=\"S1D9C SC8 S2\" id=\"tj_117\">of salmon. The volume of trout sales </span><span class=\"S1D9D SC8 S2\" id=\"tk_117\">in Norway is signi\ufb01cantly lower, and </span><span class=\"S1D9E SC8 S2\" id=\"tl_117\">there are no corresponding </span><span class=\"S1D9F SC8 S2\" id=\"tm_117\">observable market prices. Historically, </span><span class=\"S1DA0 SC8 S2\" id=\"tn_117\">however, trout prices have been </span><span class=\"S1DA1 SC8 S2\" id=\"to_117\">closely correlated to salmon prices. </span><span class=\"S1DA2 SC8 S2\" id=\"tp_117\">The forward prices for salmon are </span><span class=\"S1DA3 SC8 S2\" id=\"tq_117\">therefore applied as a starting point </span><span class=\"S1DA4 SC8 S2\" id=\"tr_117\">for estimates of the fair value of trout. </span><span class=\"S1DA5 SC8 S2\" id=\"ts_117\">The forward price for the month in </span><span class=\"S1DA6 SC8 S2\" id=\"tt_117\">which the \ufb01sh is expected to be </span><span class=\"S1DA7 SC8 S2\" id=\"tu_117\">harvested is applied in order to </span><span class=\"S1DA8 SC8 S2\" id=\"tv_117\">estimate cash \ufb02ow. The price stipulated </span><span class=\"S1DA9 SC8 S2\" id=\"tw_117\">by Fish Pool is adjusted to take into </span><span class=\"S1DAA SC8 S2\" id=\"tx_117\">account export costs and clearing </span><span class=\"S1DAB SC8 S2\" id=\"ty_117\">costs, and represents the reference </span><span class=\"S1DAC SC8 S2\" id=\"tz_117\">price. This price is then adjusted to </span><span class=\"S1DAD SC8 S2\" id=\"t10_117\">account for estimated harvest cost </span><span class=\"S1DAE SC8 S2\" id=\"t11_117\">(well boat, slaughter and boxing) </span><span class=\"S1DAF SC8 S2\" id=\"t12_117\">and transport to Oslo. Adjustments </span><span class=\"S1DB0 SC8 S2\" id=\"t13_117\">are also made for any estimated </span><span class=\"S1DB1 SC8 S2\" id=\"t14_117\">differences in size and quality. The </span><span class=\"S1DB2 SC8 S2\" id=\"t15_117\">adjustments to the reference price </span><span class=\"S1DB3 SC8 S2\" id=\"t16_117\">are made per locality. Joint regional </span><span class=\"S1DB4 SC8 S2\" id=\"t17_117\">parameters are applied, unless </span><span class=\"S1DB5 SC8 S2\" id=\"t18_117\">factors speci\ufb01c to an individual </span><span class=\"S1DB6 SC8 S2\" id=\"t19_117\">locality require otherwise. </span><span class=\"S1DB7 SC8 S2\" id=\"t1a_117\">Changes to estimated fair value for </span><span class=\"S1DB8 SC8 S2\" id=\"t1b_117\">biological assets, according to IAS 41, </span><span class=\"S1DB9 SC8 S2\" id=\"t1c_117\">are recorded through pro\ufb01t or loss and </span><span class=\"S1DBA SC8 S2\" id=\"t1d_117\">presented on the line for fair value </span><span class=\"S1DBB SC8 S2\" id=\"t1e_117\">adjustments related to biological </span><span class=\"S1DBC SC8 S2\" id=\"t1f_117\">assets. The accounting line for fair </span><span class=\"S1DBD SC8 S2\" id=\"t1g_117\">value adjustments related to biological </span><span class=\"S1DBE SC8 S2\" id=\"t1h_117\">assets in the income statement </span><span class=\"S1DBF SC8 S2\" id=\"t1i_117\">comprises three elements; (1) change </span><span class=\"S1DC0 SC8 S2\" id=\"t1j_117\">in fair value adjustment of stock of </span><span class=\"S1DC1 SC8 S2\" id=\"t1k_117\">\ufb01sh in sea, (2) change in fair value of </span><span class=\"S1DC2 SC8 S2\" id=\"t1l_117\">recalculation factor from gutted weight </span><span class=\"S1DC3 SC8 S2\" id=\"t1m_117\">to live weight, see note on biological </span><span class=\"S1DC4 SC8 S2\" id=\"t1n_117\">assets. As of 31.12 this corresponds to </span><span class=\"S1DC5 SC8 S2\" id=\"t1o_117\">a live weight of 4.65 kg for salmon and </span><span class=\"S1DC6 SC8 S2\" id=\"t1p_117\">4.76 kg for trout. Fish with a live weight </span><span class=\"S1DC7 SC8 S2\" id=\"t1q_117\">equal to this or more, are classi\ufb01ed </span><span class=\"S1DC8 SC8 S2\" id=\"t1r_117\">as ready for slaughter (mature \ufb01sh), </span><span class=\"S1DC9 SC8 S2\" id=\"t1s_117\">while \ufb01sh that have still not achieved </span><span class=\"S1DCA SC8 S2\" id=\"t1t_117\">this weight are classi\ufb01ed as not ready </span><span class=\"S1DCB SC8 S2\" id=\"t1u_117\">for harvest (immature \ufb01sh). For \ufb01sh </span><span class=\"S1DCC SC8 S2\" id=\"t1v_117\">ready for harvest, the highest and </span><span class=\"S1DCD SC8 S2\" id=\"t1w_117\">best use is de\ufb01ned as harvesting and </span><span class=\"S1DCE SC8 S2\" id=\"t1x_117\">selling the \ufb01sh as quickly as possible </span><span class=\"S1DCF SC8 S2\" id=\"t1y_117\">in the month following the balance </span><span class=\"S1DD0 SC8 S2\" id=\"t1z_117\">sheet date. For \ufb01sh not yet ready for </span><span class=\"S1DD1 SC8 S2\" id=\"t20_117\">harvest, the highest and best use is </span><span class=\"S1DD2 SC8 S2\" id=\"t21_117\">in principle de\ufb01ned as growing the </span><span class=\"S1DD3 SC8 S2\" id=\"t22_117\">\ufb01sh to optimal weight for harvest, </span><span class=\"S1DD4 SC8 S2\" id=\"t23_117\">then harvesting and selling the \ufb01sh. </span><span class=\"S1DD5 SC8 S2\" id=\"t24_117\">The harvest date applied in the </span><span class=\"S1DD6 SC8 S2\" id=\"t25_117\">valuation may however be brought </span><span class=\"S1DD7 SC8 S2\" id=\"t26_117\">forward if required by situations at a </span><span class=\"S1DD8 SC8 S2\" id=\"t27_117\">speci\ufb01c locality. Such situations may </span><span class=\"S1DD9 SC8 S2\" id=\"t28_117\">involve biological challenges </span><span class=\"S1DDA SC8 S2\" id=\"t29_117\">(disease, salmon lice infestation etc.). </span><span class=\"S1DDB SC8 S2\" id=\"t2a_117\">The cash \ufb02ow-based present value </span><span class=\"S1DDC SC8 S2\" id=\"t2b_117\">model does not rely on historical and </span><span class=\"S1DDD SC8 S2\" id=\"t2c_117\">company-speci\ufb01c factors. On a </span><span class=\"S1DDE SC8 S2\" id=\"t2d_117\">hypothetical market with perfect </span><span class=\"S1DDF SC8 S2\" id=\"t2e_117\">competition, a hypothetical buyer of </span><span class=\"S1DE0 SC8 S2\" id=\"t2f_117\">live \ufb01sh would be willing to pay as a </span><span class=\"S1DE1 SC8 S2\" id=\"t2g_117\">maximum the present value of the </span><span class=\"S1DE2 SC8 S2\" id=\"t2h_117\">estimated future pro\ufb01t from the sale </span><span class=\"S1DE3 SC8 S2\" id=\"t2i_117\">of the \ufb01sh when it is ready for harvest. </span><span class=\"S1DE4 SC8 S2\" id=\"t2j_117\">The estimated future pro\ufb01t, taking </span><span class=\"S1DE5 SC8 S2\" id=\"t2k_117\">into account all price adjustments </span><span class=\"S1DE6 SC8 S2\" id=\"t2l_117\">and payable fees for completion, </span><span class=\"S1DE7 SC8 S2\" id=\"t2m_117\">constitutes the cash \ufb02ow. </span><span class=\"S1DE8 SC8 S2\" id=\"t2n_117\">Incoming cash \ufb02ow is calculated as a </span><span class=\"S1DE9 SC8 S2\" id=\"t2o_117\">function of estimated volume </span><span class=\"S1DEA SC8 S2\" id=\"t2p_117\">multiplied by estimated price. For </span><span class=\"S1DEB SC8 S2\" id=\"t2q_117\">\ufb01sh not ready for harvest, a deduction </span><span class=\"S1DEC SC8 S2\" id=\"t2r_117\">is made to cover estimated residual </span><span class=\"S1DED SC8 S2\" id=\"t2s_117\">costs to grow the \ufb01sh to the optimal </span><span class=\"S1DEE SC8 S2\" id=\"t2t_117\">weight for harvest. The cash \ufb02ow is </span><span class=\"S1DEF SC8 S2\" id=\"t2u_117\">discounted monthly by a discount rate. </span><span class=\"S1DF0 SC8 S2\" id=\"t2v_117\">The discount rate comprises three main </span><span class=\"S1DF1 SC8 S2\" id=\"t2w_117\">components: (1) the risk of incidents </span><span class=\"S1DF2 SC8 S2\" id=\"t2x_117\">that have an effect on cash \ufb02ow, (2) </span><span class=\"S1DF3 SC8 S2\" id=\"t2y_117\">hypothetical license lease and (3) the </span><span class=\"S1DF4 SC8 S2\" id=\"t2z_117\">time value of money. Please refer to </span><span class=\"S1DF5 SC8 S2\" id=\"t30_117\">the note on signi\ufb01cant accounting </span><span class=\"S1DF6 SC8 S2\" id=\"t31_117\">estimates and assessments for more </span><span class=\"S1DF7 SC8 S2\" id=\"t32_117\">detailed information on discounts, </span><span class=\"S1DF8 SC8 S2\" id=\"t33_117\">and sensitivity analysis. </span><span class=\"S1D53 SC8 S2\" id=\"t1i_118\">onerous contracts and (3) change in </span><span class=\"S1E5F SC8 S2\" id=\"t1j_118\">fair value of unrealised gain/loss </span><span class=\"S1E60 SC8 S2\" id=\"t1k_118\">related to \ufb01nancial purchase and </span><span class=\"S1E61 SC8 S2\" id=\"t1l_118\">sale contracts for \ufb01sh in Fish Pool, </span><span class=\"S1E62 SC8 S2\" id=\"t1m_118\">recognised as value-hedges. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10101": {
   "value": "<span class=\"S1E36 SC7 S2\" id=\"t7_118\">(M) Liquid assets </span><span class=\"S1E37 SC8 S2\" id=\"t8_118\">Liquid assets consist of cash in hand </span><span class=\"S1CF0 SC8 S2\" id=\"t9_118\">and bank deposits and are valued at </span><span class=\"S1E38 SC8 S2\" id=\"ta_118\">the exchange rates on the balance </span><span class=\"S1E39 SC8 S2\" id=\"tb_118\">sheet date. In the Cash Flow Statement </span><span class=\"S1E3A SC8 S2\" id=\"tc_118\">it is speci\ufb01ed how much that is </span><span class=\"S1E3B SC8 S2\" id=\"td_118\">restricted funds. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10110": {
   "value": "<span class=\"S1E3C SC7 S2\" id=\"te_118\">N) Pensions </span><span class=\"S1E3D SC8 S2\" id=\"tf_118\">The Group mainly has de\ufb01ned </span><span class=\"S1E3E SC8 S2\" id=\"tg_118\">contribution plans, but also a few </span><span class=\"S1E3F SC8 S2\" id=\"th_118\">remaining de\ufb01ned bene\ufb01t plans that </span><span class=\"S1E40 SC8 S2\" id=\"ti_118\">are now closed. In general, the pension </span><span class=\"S1E41 SC8 S2\" id=\"tj_118\">plans are \ufb01nanced via payments to </span><span class=\"S1C1A SC8 S2\" id=\"tk_118\">insurance companies or pension </span><span class=\"S1E42 SC8 S2\" id=\"tl_118\">funds based on periodical actuarial </span><span class=\"S1E43 SC8 S2\" id=\"tm_118\">calculations. </span><span class=\"S1E44 SC8 S2\" id=\"tn_118\">A de\ufb01ned contribution plan is a pension </span><span class=\"S1E45 SC8 S2\" id=\"to_118\">plan where the Group pays a \ufb01xed </span><span class=\"S1E46 SC8 S2\" id=\"tp_118\">amount to a separate legal entity. </span><span class=\"S1CFF SC8 S2\" id=\"tq_118\">The Group has no statutory or other </span><span class=\"S1E47 SC8 S2\" id=\"tr_118\">obligation to pay additional </span><span class=\"S1E48 SC8 S2\" id=\"ts_118\">contributions. </span><span class=\"S1E49 SC8 S2\" id=\"tt_118\">A de\ufb01ned bene\ufb01t pension plan is one </span><span class=\"S1E4A SC8 S2\" id=\"tu_118\">that is not contributory. A typical </span><span class=\"S1D05 SC8 S2\" id=\"tv_118\">de\ufb01ned bene\ufb01t pension plan de\ufb01nes </span><span class=\"S1E4B SC8 S2\" id=\"tw_118\">a pension payment that the employee </span><span class=\"S1E4C SC8 S2\" id=\"tx_118\">will receive upon retirement. The </span><span class=\"S1E4D SC8 S2\" id=\"ty_118\">payment is typically dependent on </span><span class=\"S1E4E SC8 S2\" id=\"tz_118\">factors such as age, number of years </span><span class=\"S1E4F SC8 S2\" id=\"t10_118\">in the company and wage level. </span><span class=\"S1E50 SC8 S2\" id=\"t11_118\">The capitalised commitment </span><span class=\"S1E51 SC8 S2\" id=\"t12_118\">associated with de\ufb01ned bene\ufb01t plans </span><span class=\"S1E52 SC8 S2\" id=\"t13_118\">is the present value of the de\ufb01ned </span><span class=\"S1E53 SC8 S2\" id=\"t14_118\">bene\ufb01ts on the balance sheet date </span><span class=\"S1D0D SC8 S2\" id=\"t15_118\">less fair value of the pension. Pension </span><span class=\"S1E54 SC8 S2\" id=\"t16_118\">liability is calculated annually by an </span><span class=\"S1E55 SC8 S2\" id=\"t17_118\">independent actuary according to </span><span class=\"S1E56 SC8 S2\" id=\"t18_118\">the straight-line accrual method. The </span><span class=\"S1E57 SC8 S2\" id=\"t19_118\">present value of de\ufb01ned bene\ufb01ts is </span><span class=\"S1E58 SC8 S2\" id=\"t1a_118\">found by discounting estimated future </span><span class=\"S1E59 SC8 S2\" id=\"t1b_118\">payments by the interest rate on a </span><span class=\"S1E5A SC8 S2\" id=\"t1c_118\">bond issued by a company with a high </span><span class=\"S1E5B SC8 S2\" id=\"t1d_118\">credit rating in the same currency as </span><span class=\"S1E5C SC8 S2\" id=\"t1e_118\">the bene\ufb01ts will be paid, and with a </span><span class=\"S1C39 SC8 S2\" id=\"t1f_118\">maturity approximately equal to the </span><span class=\"S1E5D SC8 S2\" id=\"t1g_118\">duration of the associated pension </span><span class=\"S1E5E SC8 S2\" id=\"t1h_118\">liability. In countries that do not have </span><span class=\"S1EC3 SC8 S2\" id=\"t1_119\">a liquid market for long-term bonds </span><span class=\"S1EC4 SC8 S2\" id=\"t2_119\">issued by companies with a high </span><span class=\"S1EC5 SC8 S2\" id=\"t3_119\">credit rating, the market interest rate </span><span class=\"S1EC6 SC8 S2\" id=\"t4_119\">for governmental bonds is applied. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10158": {
   "value": "<span class=\"S1E63 SC8 S2\" id=\"t1n_118\">Onerous contracts are contracts where </span><span class=\"S1E64 SC8 S2\" id=\"t1o_118\">the expenses of ful\ufb01lling the contracts </span><span class=\"S1E65 SC8 S2\" id=\"t1p_118\">are higher than the economic yield the </span><span class=\"S1E66 SC8 S2\" id=\"t1q_118\">company expects to gain by ful\ufb01lling </span><span class=\"S1E67 SC8 S2\" id=\"t1r_118\">the contracts. The Group enters into </span><span class=\"S1BA7 SC8 S2\" id=\"t1s_118\">contracts related to future deliveries </span><span class=\"S1E68 SC8 S2\" id=\"t1t_118\">of salmon and trout. As biological </span><span class=\"S1E69 SC8 S2\" id=\"t1u_118\">assets are recognised at fair value, </span><span class=\"S1E6A SC8 S2\" id=\"t1v_118\">this fair value will be included in the </span><span class=\"S1E6B SC8 S2\" id=\"t1w_118\">estimated expenses required to ful\ufb01l </span><span class=\"S1E6C SC8 S2\" id=\"t1x_118\">the contract. As a result, physical </span><span class=\"S1E6D SC8 S2\" id=\"t1y_118\">delivery contracts where the </span><span class=\"S1E6E SC8 S2\" id=\"t1z_118\">contractual price is lower than the price </span><span class=\"S1E6F SC8 S2\" id=\"t20_118\">on which fair value estimation of the </span><span class=\"S1BAF SC8 S2\" id=\"t21_118\">biological assets was based will be </span><span class=\"S1E70 SC8 S2\" id=\"t22_118\">de\ufb01ned as onerous contracts according </span><span class=\"S1D66 SC8 S2\" id=\"t23_118\">to IAS 37, even if the contractual price </span><span class=\"S1E71 SC8 S2\" id=\"t24_118\">is higher than the production costs </span><span class=\"S1E72 SC8 S2\" id=\"t25_118\">for the products. The provision is </span><span class=\"S1E73 SC8 S2\" id=\"t26_118\">classi\ufb01ed as other short-term debt. </span><span class=\"S1E74 SC8 S2\" id=\"t27_118\">As the \ufb01nancial statements also </span><span class=\"S1E75 SC8 S2\" id=\"t28_118\">present production costs for the stock </span><span class=\"S1E76 SC8 S2\" id=\"t29_118\">of live \ufb01sh, the reporting of mortality </span><span class=\"S1E77 SC8 S2\" id=\"t2a_118\">is of signi\ufb01cance. Costs related to </span><span class=\"S1E78 SC8 S2\" id=\"t2b_118\">abnormal mortality are immediately </span><span class=\"S1E79 SC8 S2\" id=\"t2c_118\">recognised through pro\ufb01t or loss and </span><span class=\"S1E7A SC8 S2\" id=\"t2d_118\">presented on the line for changes in </span><span class=\"S1D72 SC8 S2\" id=\"t2e_118\">inventory, while normal waste is </span><span class=\"S1E7B SC8 S2\" id=\"t2f_118\">classi\ufb01ed as part of production costs. </span><span class=\"S1E7C SC8 S2\" id=\"t2g_118\">Fair value of biological assets is not </span><span class=\"S1E7D SC8 S2\" id=\"t2h_118\">affected by the principle for reporting </span><span class=\"S1E7E SC8 S2\" id=\"t2i_118\">mortality costs. The extent to which </span><span class=\"S1E7F SC8 S2\" id=\"t2j_118\">mortality is normal or abnormal </span><span class=\"S1E80 SC8 S2\" id=\"t2k_118\">requires assessment. The Group makes </span><span class=\"S1E81 SC8 S2\" id=\"t2l_118\">use of a common indicator and </span><span class=\"S1E82 SC8 S2\" id=\"t2m_118\">threshold for all farming units. If in one </span><span class=\"S1D7B SC8 S2\" id=\"t2n_118\">month mortality at a locality exceeds </span><span class=\"S1E83 SC8 S2\" id=\"t2o_118\">1.5% of the incoming number of \ufb01sh at </span><span class=\"S1E84 SC8 S2\" id=\"t2p_118\">the locality, this is classi\ufb01ed as an </span><span class=\"S1E85 SC8 S2\" id=\"t2q_118\">indication of abnormal mortality. </span><span class=\"S1E86 SC8 S2\" id=\"t2r_118\">A more detailed assessment is then </span><span class=\"S1E87 SC8 S2\" id=\"t2s_118\">carried out to establish whether </span><span class=\"S1E88 SC8 S2\" id=\"t2t_118\">mortality is abnormal. These </span><span class=\"S1E89 SC8 S2\" id=\"t2u_118\">assessments take into account the </span><span class=\"S1E8A SC8 S2\" id=\"t2v_118\">cause of mortality and the size of the </span><span class=\"S1E8B SC8 S2\" id=\"t2w_118\">\ufb01sh. Please refer to the note on </span><span class=\"S1E8C SC8 S2\" id=\"t2x_118\">biological assets for a more detailed </span><span class=\"S1E8D SC8 S2\" id=\"t2y_118\">description of mortality costs and </span><span class=\"S1E8E SC8 S2\" id=\"t2z_118\">incidents that have caused abnormal </span><span class=\"S1E8F SC8 S2\" id=\"t30_118\">mortality. </span><span class=\"S1E3C SC7 S2\" id=\"te_118\">N) Pensions </span><span class=\"S1E3D SC8 S2\" id=\"tf_118\">The Group mainly has de\ufb01ned </span><span class=\"S1E3E SC8 S2\" id=\"tg_118\">contribution plans, but also a few </span><span class=\"S1E3F SC8 S2\" id=\"th_118\">remaining de\ufb01ned bene\ufb01t plans that </span><span class=\"S1E40 SC8 S2\" id=\"ti_118\">are now closed. In general, the pension </span><span class=\"S1E41 SC8 S2\" id=\"tj_118\">plans are \ufb01nanced via payments to </span><span class=\"S1C1A SC8 S2\" id=\"tk_118\">insurance companies or pension </span><span class=\"S1E42 SC8 S2\" id=\"tl_118\">funds based on periodical actuarial </span><span class=\"S1E43 SC8 S2\" id=\"tm_118\">calculations. </span><span class=\"S1E44 SC8 S2\" id=\"tn_118\">A de\ufb01ned contribution plan is a pension </span><span class=\"S1E45 SC8 S2\" id=\"to_118\">plan where the Group pays a \ufb01xed </span><span class=\"S1E46 SC8 S2\" id=\"tp_118\">amount to a separate legal entity. </span><span class=\"S1CFF SC8 S2\" id=\"tq_118\">The Group has no statutory or other </span><span class=\"S1E47 SC8 S2\" id=\"tr_118\">obligation to pay additional </span><span class=\"S1E48 SC8 S2\" id=\"ts_118\">contributions. </span><span class=\"S1E49 SC8 S2\" id=\"tt_118\">A de\ufb01ned bene\ufb01t pension plan is one </span><span class=\"S1E4A SC8 S2\" id=\"tu_118\">that is not contributory. A typical </span><span class=\"S1D05 SC8 S2\" id=\"tv_118\">de\ufb01ned bene\ufb01t pension plan de\ufb01nes </span><span class=\"S1E4B SC8 S2\" id=\"tw_118\">a pension payment that the employee </span><span class=\"S1E4C SC8 S2\" id=\"tx_118\">will receive upon retirement. The </span><span class=\"S1E4D SC8 S2\" id=\"ty_118\">payment is typically dependent on </span><span class=\"S1E4E SC8 S2\" id=\"tz_118\">factors such as age, number of years </span><span class=\"S1E4F SC8 S2\" id=\"t10_118\">in the company and wage level. </span><span class=\"S1E50 SC8 S2\" id=\"t11_118\">The capitalised commitment </span><span class=\"S1E51 SC8 S2\" id=\"t12_118\">associated with de\ufb01ned bene\ufb01t plans </span><span class=\"S1E52 SC8 S2\" id=\"t13_118\">is the present value of the de\ufb01ned </span><span class=\"S1E53 SC8 S2\" id=\"t14_118\">bene\ufb01ts on the balance sheet date </span><span class=\"S1D0D SC8 S2\" id=\"t15_118\">less fair value of the pension. Pension </span><span class=\"S1E54 SC8 S2\" id=\"t16_118\">liability is calculated annually by an </span><span class=\"S1E55 SC8 S2\" id=\"t17_118\">independent actuary according to </span><span class=\"S1E56 SC8 S2\" id=\"t18_118\">the straight-line accrual method. The </span><span class=\"S1E57 SC8 S2\" id=\"t19_118\">present value of de\ufb01ned bene\ufb01ts is </span><span class=\"S1E58 SC8 S2\" id=\"t1a_118\">found by discounting estimated future </span><span class=\"S1E59 SC8 S2\" id=\"t1b_118\">payments by the interest rate on a </span><span class=\"S1E5A SC8 S2\" id=\"t1c_118\">bond issued by a company with a high </span><span class=\"S1E5B SC8 S2\" id=\"t1d_118\">credit rating in the same currency as </span><span class=\"S1E5C SC8 S2\" id=\"t1e_118\">the bene\ufb01ts will be paid, and with a </span><span class=\"S1C39 SC8 S2\" id=\"t1f_118\">maturity approximately equal to the </span><span class=\"S1E5D SC8 S2\" id=\"t1g_118\">duration of the associated pension </span><span class=\"S1E5E SC8 S2\" id=\"t1h_118\">liability. In countries that do not have </span><span class=\"S1EC3 SC8 S2\" id=\"t1_119\">a liquid market for long-term bonds </span><span class=\"S1EC4 SC8 S2\" id=\"t2_119\">issued by companies with a high </span><span class=\"S1EC5 SC8 S2\" id=\"t3_119\">credit rating, the market interest rate </span><span class=\"S1EC6 SC8 S2\" id=\"t4_119\">for governmental bonds is applied. </span><span class=\"S1EE8 SC7 S2\" id=\"t16_119\">(R) Provisions and other commitments </span><span class=\"S1C6E SC8 S2\" id=\"t17_119\">Provisions are carried on the balance </span><span class=\"S1EE9 SC8 S2\" id=\"t18_119\">sheet when the Group has an existing </span><span class=\"S1EEA SC8 S2\" id=\"t19_119\">legal obligation or implied duty in </span><span class=\"S1EEB SC8 S2\" id=\"t1a_119\">consequence of an earlier event, and </span><span class=\"S1EEC SC8 S2\" id=\"t1b_119\">it is probable that a \ufb02ow of economic </span><span class=\"S1EED SC8 S2\" id=\"t1c_119\">resources from the enterprise will be </span><span class=\"S1EEE SC8 S2\" id=\"t1d_119\">required in order to ful\ufb01l such </span><span class=\"S1EEF SC8 S2\" id=\"t1e_119\">obligation. If the effect is signi\ufb01cant, </span><span class=\"S1EF0 SC8 S2\" id=\"t1f_119\">the provision is determined by </span><span class=\"S1E2F SC8 S2\" id=\"t1g_119\">discounting estimated future cash </span><span class=\"S1EF1 SC8 S2\" id=\"t1h_119\">\ufb02ows by a discounting rate before </span><span class=\"S1EF2 SC8 S2\" id=\"t1i_119\">tax, which re\ufb02ects market pricing of </span><span class=\"S1EF3 SC8 S2\" id=\"t1j_119\">the time value of money and the risks </span><span class=\"S1C7B SC8 S2\" id=\"t1k_119\">speci\ufb01cally associated with the </span><span class=\"S1EF4 SC8 S2\" id=\"t1l_119\">obligation. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10209": {
   "value": "<span class=\"S1E90 SC7 S2\" id=\"t31_118\">(J) Inventory </span><span class=\"S1E91 SC8 S2\" id=\"t32_118\">Inventories of purchased goods are </span><span class=\"S1E92 SC8 S2\" id=\"t33_118\">valued at the lower of acquisition cost </span><span class=\"S1E93 SC8 S2\" id=\"t34_118\">and estimated sales value less sales </span><span class=\"S1E94 SC8 S2\" id=\"t35_118\">costs. In-house-produced \ufb01nished </span><span class=\"S1E95 SC8 S2\" id=\"t36_118\">goods and semi-\ufb01nished goods are </span><span class=\"S1D1F SC8 S2\" id=\"t37_118\">valued at full production cost. Write- </span><span class=\"S1E96 SC8 S2\" id=\"t38_118\">downs are made for quanti\ufb01able </span><span class=\"S1E97 SC8 S2\" id=\"t39_118\">obsolescence. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10219": {
   "value": "<span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10220": {
   "value": "<span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10221": {
   "value": "<span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10222": {
   "value": "<span class=\"S1E98 SC7 S2\" id=\"t3a_118\">(K) Trade receivables and trade </span><span class=\"S1E99 SC7 S2\" id=\"t3b_118\">payables </span><span class=\"S1E9A SC8 S2\" id=\"t3c_118\">Trade receivables and other </span><span class=\"S1E9B SC8 S2\" id=\"t3d_118\">receivables are carried on the balance </span><span class=\"S1BDF SC8 S2\" id=\"t3e_118\">sheet at nominal amount after </span><span class=\"S1E9C SC8 S2\" id=\"t3f_118\">deduction of provision for estimated </span><span class=\"S1E9D SC8 S2\" id=\"t3g_118\">losses. The Group measures expected </span><span class=\"S1E9E SC8 S2\" id=\"t3h_118\">credit losses by estimating a lifetime </span><span class=\"S1E9F SC8 S2\" id=\"t3i_118\">expected loss allowance for all trade </span><span class=\"S1D29 SC8 S2\" id=\"t3j_118\">receivables. Loans and receivables </span><span class=\"S1EA0 SC8 S2\" id=\"t3k_118\">are classi\ufb01ed as short-term debt or </span><span class=\"S1EA1 SC8 S2\" id=\"t3l_118\">current assets unless they mature more </span><span class=\"S1EA2 SC8 S2\" id=\"t3m_118\">than 12 months after the balance sheet </span><span class=\"S1EA3 SC8 S2\" id=\"t3n_118\">date. In that case, they are classi\ufb01ed </span><span class=\"S1EA4 SC8 S2\" id=\"t3o_118\">as \ufb01xed assets or long-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10238": {
   "value": "<span class=\"S1EA5 SC7 S2\" id=\"t3p_118\">(L) Associates and joint ventures </span><span class=\"S1EA6 SC8 S2\" id=\"t3q_118\">Associates are units where the Group </span><span class=\"S1EA7 SC8 S2\" id=\"t3r_118\">has signi\ufb01cant in\ufb02uence but not </span><span class=\"S1EA8 SC8 S2\" id=\"t3s_118\">control, normally between 20% and </span><span class=\"S1EA9 SC8 S2\" id=\"t3t_118\">50% of voting equity. Joint ventures </span><span class=\"S1EAA SC8 S2\" id=\"t3u_118\">are investments in companies where </span><span class=\"S1EAB SC8 S2\" id=\"t3v_118\">the Group has control together with </span><span class=\"S1EAC SC8 S2\" id=\"t3w_118\">other parties. Cooperation is based on </span><span class=\"S1EAD SC8 S2\" id=\"t3x_118\">a contractual agreement governing </span><span class=\"S1EAE SC8 S2\" id=\"t3y_118\">central cooperative factors. </span><span class=\"S1EAF SC8 S2\" id=\"t3z_118\">Investments in associates and joint </span><span class=\"S1EB0 SC8 S2\" id=\"t40_118\">ventures are recognised according to </span><span class=\"S1EB1 SC8 S2\" id=\"t41_118\">the equity method. The investment is </span><span class=\"S1EB2 SC8 S2\" id=\"t42_118\">capitalised at acquisition cost at the </span><span class=\"S1EB3 SC8 S2\" id=\"t43_118\">time of purchase. The Group\u2019s share </span><span class=\"S1BF7 SC8 S2\" id=\"t44_118\">of the pro\ufb01t/loss after tax, as well as </span><span class=\"S1EB4 SC8 S2\" id=\"t45_118\">depreciation/amortisation and </span><span class=\"S1EB5 SC8 S2\" id=\"t46_118\">write-downs of any added value, are </span><span class=\"S1EB6 SC8 S2\" id=\"t47_118\">recognised on the income statement </span><span class=\"S1EB7 SC8 S2\" id=\"t48_118\">and added to the carrying amount of </span><span class=\"S1EB8 SC8 S2\" id=\"t49_118\">the investment together with the </span><span class=\"S1EB9 SC8 S2\" id=\"t4a_118\">respective share of changes in equity </span><span class=\"S1EBA SC8 S2\" id=\"t4b_118\">not booked in the income statement, </span><span class=\"S1EBB SC8 S2\" id=\"t4c_118\">such as dividend. In the income </span><span class=\"S1EBC SC8 S2\" id=\"t4d_118\">statement, the Group\u2019s respective </span><span class=\"S1C00 SC8 S2\" id=\"t4e_118\">share of pro\ufb01t is shown as a separate </span><span class=\"S1EBD SC8 S2\" id=\"t4f_118\">\ufb01nancial item, while the assets are </span><span class=\"S1EBE SC8 S2\" id=\"t4g_118\">shown in the balance sheet as an </span><span class=\"S1EBF SC8 S2\" id=\"t4h_118\">individual non-current asset. The </span><span class=\"S1EC0 SC8 S2\" id=\"t4i_118\">Group\u2019s share of unrealised </span><span class=\"S1EC1 SC8 S2\" id=\"t4j_118\">intercompany pro\ufb01t on transactions </span><span class=\"S1EC2 SC8 S2\" id=\"t4k_118\">between the Group and the respective </span><span class=\"S1E32 SC8 S2\" id=\"t1_118\">company is eliminated. Accounting </span><span class=\"S1E33 SC8 S2\" id=\"t2_118\">policies for associates and joint </span><span class=\"S1E34 SC8 S2\" id=\"t3_118\">ventures are changed whenever </span><span class=\"S1E35 SC8 S2\" id=\"t4_118\">necessary to ensure consistency with </span><span class=\"S1C0A SC8 S2\" id=\"t5_118\">the accounting policies applied for </span><span class=\"S1C0B SC8 S2\" id=\"t6_118\">the Group (IFRS). </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10239": {
   "value": "<span class=\"S1EA5 SC7 S2\" id=\"t3p_118\">(L) Associates and joint ventures </span><span class=\"S1EA6 SC8 S2\" id=\"t3q_118\">Associates are units where the Group </span><span class=\"S1EA7 SC8 S2\" id=\"t3r_118\">has signi\ufb01cant in\ufb02uence but not </span><span class=\"S1EA8 SC8 S2\" id=\"t3s_118\">control, normally between 20% and </span><span class=\"S1EA9 SC8 S2\" id=\"t3t_118\">50% of voting equity. Joint ventures </span><span class=\"S1EAA SC8 S2\" id=\"t3u_118\">are investments in companies where </span><span class=\"S1EAB SC8 S2\" id=\"t3v_118\">the Group has control together with </span><span class=\"S1EAC SC8 S2\" id=\"t3w_118\">other parties. Cooperation is based on </span><span class=\"S1EAD SC8 S2\" id=\"t3x_118\">a contractual agreement governing </span><span class=\"S1EAE SC8 S2\" id=\"t3y_118\">central cooperative factors. </span><span class=\"S1EAF SC8 S2\" id=\"t3z_118\">Investments in associates and joint </span><span class=\"S1EB0 SC8 S2\" id=\"t40_118\">ventures are recognised according to </span><span class=\"S1EB1 SC8 S2\" id=\"t41_118\">the equity method. The investment is </span><span class=\"S1EB2 SC8 S2\" id=\"t42_118\">capitalised at acquisition cost at the </span><span class=\"S1EB3 SC8 S2\" id=\"t43_118\">time of purchase. The Group\u2019s share </span><span class=\"S1BF7 SC8 S2\" id=\"t44_118\">of the pro\ufb01t/loss after tax, as well as </span><span class=\"S1EB4 SC8 S2\" id=\"t45_118\">depreciation/amortisation and </span><span class=\"S1EB5 SC8 S2\" id=\"t46_118\">write-downs of any added value, are </span><span class=\"S1EB6 SC8 S2\" id=\"t47_118\">recognised on the income statement </span><span class=\"S1EB7 SC8 S2\" id=\"t48_118\">and added to the carrying amount of </span><span class=\"S1EB8 SC8 S2\" id=\"t49_118\">the investment together with the </span><span class=\"S1EB9 SC8 S2\" id=\"t4a_118\">respective share of changes in equity </span><span class=\"S1EBA SC8 S2\" id=\"t4b_118\">not booked in the income statement, </span><span class=\"S1EBB SC8 S2\" id=\"t4c_118\">such as dividend. In the income </span><span class=\"S1EBC SC8 S2\" id=\"t4d_118\">statement, the Group\u2019s respective </span><span class=\"S1C00 SC8 S2\" id=\"t4e_118\">share of pro\ufb01t is shown as a separate </span><span class=\"S1EBD SC8 S2\" id=\"t4f_118\">\ufb01nancial item, while the assets are </span><span class=\"S1EBE SC8 S2\" id=\"t4g_118\">shown in the balance sheet as an </span><span class=\"S1EBF SC8 S2\" id=\"t4h_118\">individual non-current asset. The </span><span class=\"S1EC0 SC8 S2\" id=\"t4i_118\">Group\u2019s share of unrealised </span><span class=\"S1EC1 SC8 S2\" id=\"t4j_118\">intercompany pro\ufb01t on transactions </span><span class=\"S1EC2 SC8 S2\" id=\"t4k_118\">between the Group and the respective </span><span class=\"S1E32 SC8 S2\" id=\"t1_118\">company is eliminated. Accounting </span><span class=\"S1E33 SC8 S2\" id=\"t2_118\">policies for associates and joint </span><span class=\"S1E34 SC8 S2\" id=\"t3_118\">ventures are changed whenever </span><span class=\"S1E35 SC8 S2\" id=\"t4_118\">necessary to ensure consistency with </span><span class=\"S1C0A SC8 S2\" id=\"t5_118\">the accounting policies applied for </span><span class=\"S1C0B SC8 S2\" id=\"t6_118\">the Group (IFRS). </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10240": {
   "value": "<span class=\"S1EA5 SC7 S2\" id=\"t3p_118\">(L) Associates and joint ventures </span><span class=\"S1EA6 SC8 S2\" id=\"t3q_118\">Associates are units where the Group </span><span class=\"S1EA7 SC8 S2\" id=\"t3r_118\">has signi\ufb01cant in\ufb02uence but not </span><span class=\"S1EA8 SC8 S2\" id=\"t3s_118\">control, normally between 20% and </span><span class=\"S1EA9 SC8 S2\" id=\"t3t_118\">50% of voting equity. Joint ventures </span><span class=\"S1EAA SC8 S2\" id=\"t3u_118\">are investments in companies where </span><span class=\"S1EAB SC8 S2\" id=\"t3v_118\">the Group has control together with </span><span class=\"S1EAC SC8 S2\" id=\"t3w_118\">other parties. Cooperation is based on </span><span class=\"S1EAD SC8 S2\" id=\"t3x_118\">a contractual agreement governing </span><span class=\"S1EAE SC8 S2\" id=\"t3y_118\">central cooperative factors. </span><span class=\"S1EAF SC8 S2\" id=\"t3z_118\">Investments in associates and joint </span><span class=\"S1EB0 SC8 S2\" id=\"t40_118\">ventures are recognised according to </span><span class=\"S1EB1 SC8 S2\" id=\"t41_118\">the equity method. The investment is </span><span class=\"S1EB2 SC8 S2\" id=\"t42_118\">capitalised at acquisition cost at the </span><span class=\"S1EB3 SC8 S2\" id=\"t43_118\">time of purchase. The Group\u2019s share </span><span class=\"S1BF7 SC8 S2\" id=\"t44_118\">of the pro\ufb01t/loss after tax, as well as </span><span class=\"S1EB4 SC8 S2\" id=\"t45_118\">depreciation/amortisation and </span><span class=\"S1EB5 SC8 S2\" id=\"t46_118\">write-downs of any added value, are </span><span class=\"S1EB6 SC8 S2\" id=\"t47_118\">recognised on the income statement </span><span class=\"S1EB7 SC8 S2\" id=\"t48_118\">and added to the carrying amount of </span><span class=\"S1EB8 SC8 S2\" id=\"t49_118\">the investment together with the </span><span class=\"S1EB9 SC8 S2\" id=\"t4a_118\">respective share of changes in equity </span><span class=\"S1EBA SC8 S2\" id=\"t4b_118\">not booked in the income statement, </span><span class=\"S1EBB SC8 S2\" id=\"t4c_118\">such as dividend. In the income </span><span class=\"S1EBC SC8 S2\" id=\"t4d_118\">statement, the Group\u2019s respective </span><span class=\"S1C00 SC8 S2\" id=\"t4e_118\">share of pro\ufb01t is shown as a separate </span><span class=\"S1EBD SC8 S2\" id=\"t4f_118\">\ufb01nancial item, while the assets are </span><span class=\"S1EBE SC8 S2\" id=\"t4g_118\">shown in the balance sheet as an </span><span class=\"S1EBF SC8 S2\" id=\"t4h_118\">individual non-current asset. The </span><span class=\"S1EC0 SC8 S2\" id=\"t4i_118\">Group\u2019s share of unrealised </span><span class=\"S1EC1 SC8 S2\" id=\"t4j_118\">intercompany pro\ufb01t on transactions </span><span class=\"S1EC2 SC8 S2\" id=\"t4k_118\">between the Group and the respective </span><span class=\"S1E32 SC8 S2\" id=\"t1_118\">company is eliminated. Accounting </span><span class=\"S1E33 SC8 S2\" id=\"t2_118\">policies for associates and joint </span><span class=\"S1E34 SC8 S2\" id=\"t3_118\">ventures are changed whenever </span><span class=\"S1E35 SC8 S2\" id=\"t4_118\">necessary to ensure consistency with </span><span class=\"S1C0A SC8 S2\" id=\"t5_118\">the accounting policies applied for </span><span class=\"S1C0B SC8 S2\" id=\"t6_118\">the Group (IFRS). </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10295": {
   "value": "<span class=\"S1EC7 SC7 S2\" id=\"t5_119\">(O) Tax </span><span class=\"S1EC8 SC8 S2\" id=\"t6_119\">Tax cost in the income statement </span><span class=\"S1C47 SC8 S2\" id=\"t7_119\">includes both the tax payable for the </span><span class=\"S1EC9 SC8 S2\" id=\"t8_119\">period and changes in deferred tax. </span><span class=\"S1ECA SC8 S2\" id=\"t9_119\">Deferred tax is calculated at a rate of </span><span class=\"S1ECB SC8 S2\" id=\"ta_119\">22% (or local rates in other countries) on </span><span class=\"S1ECC SC8 S2\" id=\"tb_119\">the basis of the temporary differences </span><span class=\"S1ECD SC8 S2\" id=\"tc_119\">that exist between accounting and </span><span class=\"S1ECE SC8 S2\" id=\"td_119\">taxable values, as well as the tax loss </span><span class=\"S1ECF SC8 S2\" id=\"te_119\">carryforward at the end of the \ufb01nancial </span><span class=\"S1ED0 SC8 S2\" id=\"tf_119\">year. Temporary tax-increasing and </span><span class=\"S1ED1 SC8 S2\" id=\"tg_119\">tax-decreasing differences which </span><span class=\"S1ED2 SC8 S2\" id=\"th_119\">reverse or may reverse the \ufb01gures in </span><span class=\"S1ED3 SC8 S2\" id=\"ti_119\">the same period and within the same </span><span class=\"S1ED4 SC8 S2\" id=\"tj_119\">tax regime are offset and booked at </span><span class=\"S1C52 SC8 S2\" id=\"tk_119\">net value. </span><span class=\"S1ED5 SC8 S2\" id=\"tl_119\">Deferred tax has been calculated on </span><span class=\"S1ED6 SC8 S2\" id=\"tm_119\">the difference between taxable and </span><span class=\"S1ED7 SC8 S2\" id=\"tn_119\">accounting values of licenses. Deferred </span><span class=\"S1ED8 SC8 S2\" id=\"to_119\">tax is calculated at the nominal tax rate. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10312": {
   "value": "<span class=\"S1ED5 SC8 S2\" id=\"tl_119\">Deferred tax has been calculated on </span><span class=\"S1ED6 SC8 S2\" id=\"tm_119\">the difference between taxable and </span><span class=\"S1ED7 SC8 S2\" id=\"tn_119\">accounting values of licenses. Deferred </span><span class=\"S1ED8 SC8 S2\" id=\"to_119\">tax is calculated at the nominal tax rate. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10317": {
   "value": "<span class=\"S1ED9 SC7 S2\" id=\"tp_119\">(P) Interest-bearing loans and credits </span><span class=\"S1EDA SC8 S2\" id=\"tq_119\">Loans are booked at fair value when </span><span class=\"S1EDB SC8 S2\" id=\"tr_119\">the loan is paid out, less transaction </span><span class=\"S1EDC SC8 S2\" id=\"ts_119\">costs. In subsequent periods loans are </span><span class=\"S1EDD SC8 S2\" id=\"tt_119\">booked at amortised cost calculated </span><span class=\"S16FB SC8 S2\" id=\"tu_119\">by applying the effective interest rate, </span><span class=\"S1EDE SC8 S2\" id=\"tv_119\">and any differences between </span><span class=\"S1EDF SC8 S2\" id=\"tw_119\">acquisition cost and redemption value </span><span class=\"S1EE0 SC8 S2\" id=\"tx_119\">are incorporated over the loan period </span><span class=\"S1EE1 SC8 S2\" id=\"ty_119\">by using the effective interest rate </span><span class=\"S1EE2 SC8 S2\" id=\"tz_119\">method. </span><span class=\"S1EE3 SC8 S2\" id=\"t10_119\">Next year\u2019s instalments are classi\ufb01ed </span><span class=\"S1EE4 SC8 S2\" id=\"t11_119\">as short-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10318": {
   "value": "<span class=\"S1ED9 SC7 S2\" id=\"tp_119\">(P) Interest-bearing loans and credits </span><span class=\"S1EDA SC8 S2\" id=\"tq_119\">Loans are booked at fair value when </span><span class=\"S1EDB SC8 S2\" id=\"tr_119\">the loan is paid out, less transaction </span><span class=\"S1EDC SC8 S2\" id=\"ts_119\">costs. In subsequent periods loans are </span><span class=\"S1EDD SC8 S2\" id=\"tt_119\">booked at amortised cost calculated </span><span class=\"S16FB SC8 S2\" id=\"tu_119\">by applying the effective interest rate, </span><span class=\"S1EDE SC8 S2\" id=\"tv_119\">and any differences between </span><span class=\"S1EDF SC8 S2\" id=\"tw_119\">acquisition cost and redemption value </span><span class=\"S1EE0 SC8 S2\" id=\"tx_119\">are incorporated over the loan period </span><span class=\"S1EE1 SC8 S2\" id=\"ty_119\">by using the effective interest rate </span><span class=\"S1EE2 SC8 S2\" id=\"tz_119\">method. </span><span class=\"S1EE3 SC8 S2\" id=\"t10_119\">Next year\u2019s instalments are classi\ufb01ed </span><span class=\"S1EE4 SC8 S2\" id=\"t11_119\">as short-term debt. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10332": {
   "value": "<span class=\"S1EE5 SC7 S2\" id=\"t12_119\">(Q) Dividends </span><span class=\"S1EE6 SC8 S2\" id=\"t13_119\">Dividends are booked when adopted </span><span class=\"S1C6A SC8 S2\" id=\"t14_119\">by the shareholders\u2019 meeting. See </span><span class=\"S1EE7 SC8 S2\" id=\"t15_119\">also note on dividend per share. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10357": {
   "value": "<span class=\"S1EF5 SC7 S2\" id=\"t1m_119\">(S) Share capital and share premium </span><span class=\"S1EF6 SC8 S2\" id=\"t1n_119\">Ordinary shares are classi\ufb01ed as </span><span class=\"S1EF7 SC8 S2\" id=\"t1o_119\">equity. Expenses directly associated </span><span class=\"S1EF8 SC8 S2\" id=\"t1p_119\">with issuing new shares or options, </span><span class=\"S1EF9 SC8 S2\" id=\"t1q_119\">less tax, are booked under equity as </span><span class=\"S1DCD SC8 S2\" id=\"t1r_119\">reductions in proceeds received. </span><span class=\"S1EFA SC8 S2\" id=\"t1s_119\">When buying back treasury shares, </span><span class=\"S1EFB SC8 S2\" id=\"t1t_119\">the purchase amount, inclusive of </span><span class=\"S1EFC SC8 S2\" id=\"t1u_119\">directly ascribable costs, is entered </span><span class=\"S1EFD SC8 S2\" id=\"t1v_119\">as a change in equity. Treasury shares </span><span class=\"S1EFE SC8 S2\" id=\"t1w_119\">are presented as a reduction in equity. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10369": {
   "value": "<span class=\"S1EFF SC7 S2\" id=\"t1x_119\">(T) Statement of cash \ufb02ows </span><span class=\"S1F00 SC8 S2\" id=\"t1y_119\">The consolidated statement of cash </span><span class=\"S1F01 SC8 S2\" id=\"t1z_119\">\ufb02ows shows the total consolidated </span><span class=\"S1F02 SC8 S2\" id=\"t20_119\">cash \ufb02ows broken down by operating, </span><span class=\"S1F03 SC8 S2\" id=\"t21_119\">investing and \ufb01nancing activities. </span><span class=\"S1C8F SC8 S2\" id=\"t22_119\">Acquisitions of subsidiaries are </span><span class=\"S1F04 SC8 S2\" id=\"t23_119\">considered an investing activity. Cash </span><span class=\"S1C91 SC8 S2\" id=\"t24_119\">and cash equivalents in the company </span><span class=\"S1F05 SC8 S2\" id=\"t25_119\">acquired is deducted. The statement </span><span class=\"S1F06 SC8 S2\" id=\"t26_119\">shows how the various activities affect </span><span class=\"S1F07 SC8 S2\" id=\"t27_119\">cash reserves. For cash \ufb02ows in foreign </span><span class=\"S1F08 SC8 S2\" id=\"t28_119\">currency, the average rate of exchange </span><span class=\"S1F09 SC8 S2\" id=\"t29_119\">is used in the statement. To the extent </span><span class=\"S1F0A SC8 S2\" id=\"t2a_119\">that changes in the balance sheet </span><span class=\"S1F0B SC8 S2\" id=\"t2b_119\">\ufb01gures between \ufb01nancial years do </span><span class=\"S1F0C SC8 S2\" id=\"t2c_119\">not match the corresponding \ufb01gures </span><span class=\"S1F0D SC8 S2\" id=\"t2d_119\">in the statement of cash \ufb02ow, this is a </span><span class=\"S1F0E SC8 S2\" id=\"t2e_119\">result of translation differences linked </span><span class=\"S1F0F SC8 S2\" id=\"t2f_119\">to changes in rates of exchange. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10389": {
   "value": "<span class=\"S1F10 SC7 S2\" id=\"t2g_119\">(U) Financial risk management </span><span class=\"S1F11 SC8 S2\" id=\"t2h_119\">Through its activities, the Group is </span><span class=\"S1F12 SC8 S2\" id=\"t2i_119\">exposed to different types of \ufb01nancial </span><span class=\"S1F13 SC8 S2\" id=\"t2j_119\">risk: market risk (including currency </span><span class=\"S1F14 SC8 S2\" id=\"t2k_119\">risk, interest risk, price risk and liquidity </span><span class=\"S1F15 SC8 S2\" id=\"t2l_119\">risk) as well as credit risk. A further </span><span class=\"S1F16 SC8 S2\" id=\"t2m_119\">description follows below, describing </span><span class=\"S1F17 SC8 S2\" id=\"t2n_119\">the Group\u2019s \ufb01nancial risk, as well as </span><span class=\"S1F18 SC8 S2\" id=\"t2o_119\">how it is managed, including use of </span><span class=\"S1F19 SC8 S2\" id=\"t2p_119\">hedges. </span><span class=\"S1F1A S1C40 S2\" id=\"t2q_119\">Currency risk </span><span class=\"S1F1B SC8 S2\" id=\"t2r_119\">The Group has international </span><span class=\"S1F1C SC8 S2\" id=\"t2s_119\">operations requiring several different </span><span class=\"S1F1D SC8 S2\" id=\"t2t_119\">currencies and is thus exposed to </span><span class=\"S1F1E SC8 S2\" id=\"t2u_119\">currency risk. Forward contracts are </span><span class=\"S1F1F SC8 S2\" id=\"t2v_119\">used to hedge against the currency </span><span class=\"S1F20 SC8 S2\" id=\"t2w_119\">risk on trade receivables and agreed </span><span class=\"S1F21 SC8 S2\" id=\"t2x_119\">upon sales contracts. The forwards </span><span class=\"S1F22 SC8 S2\" id=\"t2y_119\">contracts are designated as fair value </span><span class=\"S1F23 SC8 S2\" id=\"t2z_119\">hedges in the \ufb01nancial statements. </span><span class=\"S1F24 SC8 S2\" id=\"t30_119\">The hedged items are primarily </span><span class=\"S1F25 SC8 S2\" id=\"t31_119\">binding sales contracts in foreign </span><span class=\"S1F26 SC8 S2\" id=\"t32_119\">currency, net foreign currency bank </span><span class=\"S1F27 SC8 S2\" id=\"t33_119\">deposits, and net trade receivables </span><span class=\"S1F28 SC8 S2\" id=\"t34_119\">in foreign currency. The hedged items </span><span class=\"S1F29 SC8 S2\" id=\"t35_119\">are adjusted with the change in fair </span><span class=\"S1F2A SC8 S2\" id=\"t36_119\">value of the hedged risk. The hedging </span><span class=\"S1F2B SC8 S2\" id=\"t37_119\">instruments are the forward contracts, </span><span class=\"S1F2C SC8 S2\" id=\"t38_119\">which are also measured at fair value </span><span class=\"S1F2D SC8 S2\" id=\"t39_119\">on the balance sheet date. Gains and </span><span class=\"S1F2E SC8 S2\" id=\"t3a_119\">losses due to change in fair value are </span><span class=\"S1F2F SC8 S2\" id=\"t3b_119\">presented through pro\ufb01t or loss. An </span><span class=\"S1F30 SC8 S2\" id=\"t3c_119\">overview of the effect of forward </span><span class=\"S1F31 SC8 S2\" id=\"t3d_119\">contracts can be found in the note on </span><span class=\"S1F32 SC8 S2\" id=\"t3e_119\">\ufb01nancial instruments. </span><span class=\"S1F33 S1C40 S2\" id=\"t3f_119\">Interest risk </span><span class=\"S1F34 SC8 S2\" id=\"t3g_119\">The Group\u2019s long-term debt is mainly </span><span class=\"S1F35 SC8 S2\" id=\"t3h_119\">based upon agreements for \ufb02oating </span><span class=\"S1F36 SC8 S2\" id=\"t3i_119\">rates of interest, representing </span><span class=\"S1F37 SC8 S2\" id=\"t3j_119\">exposure to increases in the market </span><span class=\"S1F38 SC8 S2\" id=\"t3k_119\">interest rate. However, the Group has </span><span class=\"S1F39 SC8 S2\" id=\"t3l_119\">made use of long-term interest rate </span><span class=\"S1F3A SC8 S2\" id=\"t3m_119\">swaps to reduce the \ufb02oating interest </span><span class=\"S1F3B SC8 S2\" id=\"t3n_119\">rate risk for a share of the Group\u2019s </span><span class=\"S1F3C SC8 S2\" id=\"t3o_119\">long-term debt. The Group receives a </span><span class=\"S1F3D SC8 S2\" id=\"t3p_119\">\ufb02oating interest rate and pays a \ufb01xed </span><span class=\"S1F3E SC8 S2\" id=\"t3q_119\">rate through the swap agreements. </span><span class=\"S1F3F SC8 S2\" id=\"t3r_119\">The interest rate swaps are reported as </span><span class=\"S1F40 SC8 S2\" id=\"t3s_119\">cash \ufb02ow hedges. Gains and losses </span><span class=\"S1F41 SC8 S2\" id=\"t3t_119\">from the effective part of the hedge </span><span class=\"S1F42 SC8 S2\" id=\"t3u_119\">(the part of the hedge that quali\ufb01es </span><span class=\"S1F43 SC8 S2\" id=\"t3v_119\">for cash \ufb02ow hedge accounting) are </span><span class=\"S1F44 SC8 S2\" id=\"t3w_119\">recognised in other comprehensive </span><span class=\"S1F45 SC8 S2\" id=\"t3x_119\">income. The Group does also use </span><span class=\"S1F46 SC8 S2\" id=\"t3y_119\">\ufb01xed interest loans (bond loan with </span><span class=\"S1F47 SC8 S2\" id=\"t3z_119\">\ufb01xed interests). An overview of the </span><span class=\"S1F48 SC8 S2\" id=\"t40_119\">effects in terms of exposure of the </span><span class=\"S1F49 SC8 S2\" id=\"t41_119\">Group`s borrowings to interest rate </span><span class=\"S1F4A SC8 S2\" id=\"t42_119\">changes is provided in the note on </span><span class=\"S1F4B SC8 S2\" id=\"t43_119\">loans, mortgages and guarantees. </span><span class=\"S1F4C S1C40 S2\" id=\"t44_119\">Price risk </span><span class=\"S1F4D SC8 S2\" id=\"t45_119\">The developments in global salmon </span><span class=\"S1F4E SC8 S2\" id=\"t46_119\">and trout prices have a considerable </span><span class=\"S1F4F SC8 S2\" id=\"t47_119\">impact on the results achieved by the </span><span class=\"S1F50 SC8 S2\" id=\"t48_119\">Group. In order to reduce the price </span><span class=\"S1F51 SC8 S2\" id=\"t49_119\">risk, a varying share of the revenue / </span><span class=\"S1F52 SC8 S2\" id=\"t4a_119\">purchase cost is hedged through </span><span class=\"S1F53 SC8 S2\" id=\"t4b_119\">purchase and sale forward contracts </span><span class=\"S1F54 SC8 S2\" id=\"t4c_119\">for salmon (Fish Pool contracts). The </span><span class=\"S1F55 SC8 S2\" id=\"t4d_119\">changes in fair value of the contracts </span><span class=\"S1F56 SC8 S2\" id=\"t4e_119\">are recognized in the income statement </span><span class=\"S1F57 SC8 S2\" id=\"t4f_119\">line item \"fair value adjustments </span><span class=\"S1F58 SC8 S2\" id=\"t4g_119\">related to biological assets\". An </span><span class=\"S1F59 SC8 S2\" id=\"t4h_119\">overview of the effect of the Fish Pool </span><span class=\"S1F88 SC8 S2\" id=\"t1i_120\">cash \ufb02ow. </span><span class=\"S1F89 SC8 S2\" id=\"t1j_120\">The table in note on debt, mortgages </span><span class=\"S1F8A SC8 S2\" id=\"t1k_120\">and guarantee liability speci\ufb01es the </span><span class=\"S1F8B SC8 S2\" id=\"t1l_120\">Group\u2019s \ufb01nancial covenants that are </span><span class=\"S1F8C SC8 S2\" id=\"t1m_120\">not derivatives, and derivative </span><span class=\"S1F8D SC8 S2\" id=\"t1n_120\">covenants with net settlement, </span><span class=\"S1F8E SC8 S2\" id=\"t1o_120\">classi\ufb01ed in relation to the down- </span><span class=\"S1F8F SC8 S2\" id=\"t1p_120\">payment schedule. This classi\ufb01cation </span><span class=\"S1F90 SC8 S2\" id=\"t1q_120\">is made in accordance with the </span><span class=\"S1F91 SC8 S2\" id=\"t1r_120\">contractual maturity date. Derivative </span><span class=\"S1F92 SC8 S2\" id=\"t1s_120\">covenants are included in the analysis </span><span class=\"S1F93 SC8 S2\" id=\"t1t_120\">when the contractual maturity date </span><span class=\"S1F94 SC8 S2\" id=\"t1u_120\">is signi\ufb01cant for an understanding of </span><span class=\"S1F95 SC8 S2\" id=\"t1v_120\">the accrual of cash \ufb02ows. The \ufb01gures </span><span class=\"S1D25 SC8 S2\" id=\"t1w_120\">in the table are non-discounted </span><span class=\"S1F96 SC8 S2\" id=\"t1x_120\">contractual cash \ufb02ows. </span><span class=\"S1F97 S1C40 S2\" id=\"t1y_120\">Credit risk </span><span class=\"S1F98 SC8 S2\" id=\"t1z_120\">Credit risk occurs in transactions </span><span class=\"S1F99 SC8 S2\" id=\"t20_120\">involving derivatives, deposits with </span><span class=\"S1F9A SC8 S2\" id=\"t21_120\">banks and \ufb01nancial institutions in </span><span class=\"S1F9B SC8 S2\" id=\"t22_120\">addition to transactions with </span><span class=\"S1F9C SC8 S2\" id=\"t23_120\">wholesalers and customers, including </span><span class=\"S1F9D SC8 S2\" id=\"t24_120\">outstanding receivables and \ufb01xed </span><span class=\"S1F9E SC8 S2\" id=\"t25_120\">agreements. As virtually all the </span><span class=\"S1F9F SC8 S2\" id=\"t26_120\">Group\u2019s sales to end customers are </span><span class=\"S1FA0 SC8 S2\" id=\"t27_120\">credit sales, procedures have been </span><span class=\"S1FA1 SC8 S2\" id=\"t28_120\">established to ensure that the Group </span><span class=\"S1FA2 SC8 S2\" id=\"t29_120\">companies only sell products to </span><span class=\"S1FA3 SC8 S2\" id=\"t2a_120\">customers with satisfactory credit </span><span class=\"S1FA4 SC8 S2\" id=\"t2b_120\">rating. A credit assessment is </span><span class=\"S1FA5 SC8 S2\" id=\"t2c_120\">performed based on the customer\u2019s </span><span class=\"S1FA6 SC8 S2\" id=\"t2d_120\">\ufb01nancial position, history and any </span><span class=\"S1FA7 SC8 S2\" id=\"t2e_120\">other factors of relevance. Individual </span><span class=\"S1FA8 SC8 S2\" id=\"t2f_120\">limits are set for risk exposure, based </span><span class=\"S1FA9 SC8 S2\" id=\"t2g_120\">on internal and external assessments </span><span class=\"S1FAA SC8 S2\" id=\"t2h_120\">of creditworthiness and guidelines </span><span class=\"S1FAB SC8 S2\" id=\"t2i_120\">from the Board of Directors. The Group\u2019s </span><span class=\"S1FAC SC8 S2\" id=\"t2j_120\">compliance on these procedures is </span><span class=\"S1FAD SC8 S2\" id=\"t2k_120\">regularly monitored. Furthermore, </span><span class=\"S1FAE SC8 S2\" id=\"t2l_120\">almost all of the Group\u2019s trade </span><span class=\"S1FAF SC8 S2\" id=\"t2m_120\">receivables are covered by credit </span><span class=\"S1D45 SC8 S2\" id=\"t2n_120\">insurance securing about 90% of </span><span class=\"S1FB0 SC8 S2\" id=\"t2o_120\">nominal amounts. The counterparties </span><span class=\"S1EB7 SC8 S2\" id=\"t2p_120\">to derivative contracts and \ufb01nancial </span><span class=\"S1FB1 SC8 S2\" id=\"t2q_120\">placements may only be \ufb01nancial </span><span class=\"S1FB2 SC8 S2\" id=\"t2r_120\">institutions with a high credit rating </span><span class=\"S1FB3 SC8 S2\" id=\"t2s_120\">and other parties who can provide </span><span class=\"S1FB4 SC8 S2\" id=\"t2t_120\">reliable security. See note on </span><span class=\"S1FB5 SC8 S2\" id=\"t2u_120\">receivables for further information </span><span class=\"S1FB6 SC8 S2\" id=\"t2v_120\">on credit risk. </span><span class=\"S1FBC SC8 S2\" id=\"t31_120\">contracts is provided in the note on </span><span class=\"S1FBD SC8 S2\" id=\"t32_120\">\ufb01nancial instruments. </span><span class=\"S1FBE SC8 S2\" id=\"t33_120\">The Group is also exposed to </span><span class=\"S1FBF SC8 S2\" id=\"t34_120\">\ufb02uctuations in the bunker price. This </span><span class=\"S1FC0 SC8 S2\" id=\"t35_120\">risk is reduced through entering into </span><span class=\"S1FC1 SC8 S2\" id=\"t36_120\">forward agreements to purchase </span><span class=\"S1FC2 SC8 S2\" id=\"t37_120\">bunker (bunker derivatives). Gains </span><span class=\"S1FC3 SC8 S2\" id=\"t38_120\">and losses from the effective part of </span><span class=\"S1D5A SC8 S2\" id=\"t39_120\">the hedge (the part of the hedge </span><span class=\"S1FC4 SC8 S2\" id=\"t3a_120\">that quali\ufb01es for cash \ufb02ow hedge </span><span class=\"S1FC5 SC8 S2\" id=\"t3b_120\">accounting) are recognised in other </span><span class=\"S1FC6 SC8 S2\" id=\"t3c_120\">comprehensive income. An overview </span><span class=\"S1FC7 SC8 S2\" id=\"t3d_120\">of the effect of bunker derivatives is </span><span class=\"S1E6A SC8 S2\" id=\"t3e_120\">provided in the note on \ufb01nancial </span><span class=\"S1FC8 SC8 S2\" id=\"t3f_120\">instruments. </span><span class=\"S1FC9 S1C40 S2\" id=\"t3g_120\">Liquidity risk </span><span class=\"S1FCA SC8 S2\" id=\"t3h_120\">Cash \ufb02ow prognoses are established </span><span class=\"S1FCB SC8 S2\" id=\"t3i_120\">for the different operating segments </span><span class=\"S1FCC SC8 S2\" id=\"t3j_120\">in the Group and are aggregated by </span><span class=\"S1FCD SC8 S2\" id=\"t3k_120\">the Group\u2019s Financial Department. </span><span class=\"S1FCE SC8 S2\" id=\"t3l_120\">The Financial Department monitors </span><span class=\"S1FCF SC8 S2\" id=\"t3m_120\">prognoses of the Group\u2019s liquidity </span><span class=\"S1FD0 SC8 S2\" id=\"t3n_120\">requirements in order to ensure that </span><span class=\"S1FD1 SC8 S2\" id=\"t3o_120\">the Group has suf\ufb01cient cash </span><span class=\"S1FD2 SC8 S2\" id=\"t3p_120\">equivalents to ful\ufb01l operating </span><span class=\"S1FD3 SC8 S2\" id=\"t3q_120\">commitments while sustaining a </span><span class=\"S1FD4 SC8 S2\" id=\"t3r_120\">suf\ufb01cient level of \ufb02exibility in the form </span><span class=\"S1FD5 SC8 S2\" id=\"t3s_120\">of unutilised, binding loan facilities </span><span class=\"S1FD6 SC8 S2\" id=\"t3t_120\">at all times so that the Group is not in </span><span class=\"S1FD7 SC8 S2\" id=\"t3u_120\">breach of the limits or speci\ufb01ed terms </span><span class=\"S1BBA SC8 S2\" id=\"t3v_120\">and conditions for the Group\u2019s loans. </span><span class=\"S1FD8 SC8 S2\" id=\"t3w_120\">Such prognoses take into account </span><span class=\"S1FD9 SC8 S2\" id=\"t3x_120\">the Group\u2019s scheduled new loans, </span><span class=\"S1FDA SC8 S2\" id=\"t3y_120\">compliance with terms and conditions </span><span class=\"S1FDB SC8 S2\" id=\"t3z_120\">of loans, compliance with in-house </span><span class=\"S1FDC SC8 S2\" id=\"t40_120\">objectives for balance sheet \ufb01gures </span><span class=\"S1FDD SC8 S2\" id=\"t41_120\">and, if relevant, external regulatory </span><span class=\"S1FDE SC8 S2\" id=\"t42_120\">or legal requirements. </span><span class=\"S1FDF SC8 S2\" id=\"t43_120\">Any excess cash in the Group </span><span class=\"S1FE0 SC8 S2\" id=\"t44_120\">companies, in addition to what </span><span class=\"S1FE1 SC8 S2\" id=\"t45_120\">constitutes necessary working capital, </span><span class=\"S1BC5 SC8 S2\" id=\"t46_120\">is transferred annually to the parent </span><span class=\"S1FE2 SC8 S2\" id=\"t47_120\">company via Group contributions and </span><span class=\"S1FE3 SC8 S2\" id=\"t48_120\">dividends. The Group\u2019s Financial </span><span class=\"S1FE4 SC8 S2\" id=\"t49_120\">Department deposits excess cash </span><span class=\"S1FE5 SC8 S2\" id=\"t4a_120\">mainly as bank deposits at special </span><span class=\"S1FE6 SC8 S2\" id=\"t4b_120\">terms with appropriate maturities in </span><span class=\"S1FE7 SC8 S2\" id=\"t4c_120\">order to provide suf\ufb01cient security and </span><span class=\"S1FE8 SC8 S2\" id=\"t4d_120\">\ufb02exibility in relation to the company\u2019s </span><span class=\"S1D84 SC8 S2\" id=\"t4e_120\">growth strategy and dividend policy. </span><span class=\"S1FE9 SC8 S2\" id=\"t4f_120\">For information on cash and cash </span><span class=\"S1FEA SC8 S2\" id=\"t4g_120\">equivalents together with undrawn </span><span class=\"S1FEB SC8 S2\" id=\"t4h_120\">credit facilities available to the Group </span><span class=\"S1FEC SC8 S2\" id=\"t4i_120\">as liquidity buffers to manage liquidity </span><span class=\"S1FED SC8 S2\" id=\"t4j_120\">risk, please refer to the statement of </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10400": {
   "value": "<span class=\"S1F1A S1C40 S2\" id=\"t2q_119\">Currency risk </span><span class=\"S1F1B SC8 S2\" id=\"t2r_119\">The Group has international </span><span class=\"S1F1C SC8 S2\" id=\"t2s_119\">operations requiring several different </span><span class=\"S1F1D SC8 S2\" id=\"t2t_119\">currencies and is thus exposed to </span><span class=\"S1F1E SC8 S2\" id=\"t2u_119\">currency risk. Forward contracts are </span><span class=\"S1F1F SC8 S2\" id=\"t2v_119\">used to hedge against the currency </span><span class=\"S1F20 SC8 S2\" id=\"t2w_119\">risk on trade receivables and agreed </span><span class=\"S1F21 SC8 S2\" id=\"t2x_119\">upon sales contracts. The forwards </span><span class=\"S1F22 SC8 S2\" id=\"t2y_119\">contracts are designated as fair value </span><span class=\"S1F23 SC8 S2\" id=\"t2z_119\">hedges in the \ufb01nancial statements. </span><span class=\"S1F24 SC8 S2\" id=\"t30_119\">The hedged items are primarily </span><span class=\"S1F25 SC8 S2\" id=\"t31_119\">binding sales contracts in foreign </span><span class=\"S1F26 SC8 S2\" id=\"t32_119\">currency, net foreign currency bank </span><span class=\"S1F27 SC8 S2\" id=\"t33_119\">deposits, and net trade receivables </span><span class=\"S1F28 SC8 S2\" id=\"t34_119\">in foreign currency. The hedged items </span><span class=\"S1F29 SC8 S2\" id=\"t35_119\">are adjusted with the change in fair </span><span class=\"S1F2A SC8 S2\" id=\"t36_119\">value of the hedged risk. The hedging </span><span class=\"S1F2B SC8 S2\" id=\"t37_119\">instruments are the forward contracts, </span><span class=\"S1F2C SC8 S2\" id=\"t38_119\">which are also measured at fair value </span><span class=\"S1F2D SC8 S2\" id=\"t39_119\">on the balance sheet date. Gains and </span><span class=\"S1F2E SC8 S2\" id=\"t3a_119\">losses due to change in fair value are </span><span class=\"S1F2F SC8 S2\" id=\"t3b_119\">presented through pro\ufb01t or loss. An </span><span class=\"S1F30 SC8 S2\" id=\"t3c_119\">overview of the effect of forward </span><span class=\"S1F31 SC8 S2\" id=\"t3d_119\">contracts can be found in the note on </span><span class=\"S1F32 SC8 S2\" id=\"t3e_119\">\ufb01nancial instruments. </span><span class=\"S1F33 S1C40 S2\" id=\"t3f_119\">Interest risk </span><span class=\"S1F34 SC8 S2\" id=\"t3g_119\">The Group\u2019s long-term debt is mainly </span><span class=\"S1F35 SC8 S2\" id=\"t3h_119\">based upon agreements for \ufb02oating </span><span class=\"S1F36 SC8 S2\" id=\"t3i_119\">rates of interest, representing </span><span class=\"S1F37 SC8 S2\" id=\"t3j_119\">exposure to increases in the market </span><span class=\"S1F38 SC8 S2\" id=\"t3k_119\">interest rate. However, the Group has </span><span class=\"S1F39 SC8 S2\" id=\"t3l_119\">made use of long-term interest rate </span><span class=\"S1F3A SC8 S2\" id=\"t3m_119\">swaps to reduce the \ufb02oating interest </span><span class=\"S1F3B SC8 S2\" id=\"t3n_119\">rate risk for a share of the Group\u2019s </span><span class=\"S1F3C SC8 S2\" id=\"t3o_119\">long-term debt. The Group receives a </span><span class=\"S1F3D SC8 S2\" id=\"t3p_119\">\ufb02oating interest rate and pays a \ufb01xed </span><span class=\"S1F3E SC8 S2\" id=\"t3q_119\">rate through the swap agreements. </span><span class=\"S1F3F SC8 S2\" id=\"t3r_119\">The interest rate swaps are reported as </span><span class=\"S1F40 SC8 S2\" id=\"t3s_119\">cash \ufb02ow hedges. Gains and losses </span><span class=\"S1F41 SC8 S2\" id=\"t3t_119\">from the effective part of the hedge </span><span class=\"S1F42 SC8 S2\" id=\"t3u_119\">(the part of the hedge that quali\ufb01es </span><span class=\"S1F43 SC8 S2\" id=\"t3v_119\">for cash \ufb02ow hedge accounting) are </span><span class=\"S1F44 SC8 S2\" id=\"t3w_119\">recognised in other comprehensive </span><span class=\"S1F45 SC8 S2\" id=\"t3x_119\">income. The Group does also use </span><span class=\"S1F46 SC8 S2\" id=\"t3y_119\">\ufb01xed interest loans (bond loan with </span><span class=\"S1F47 SC8 S2\" id=\"t3z_119\">\ufb01xed interests). An overview of the </span><span class=\"S1F48 SC8 S2\" id=\"t40_119\">effects in terms of exposure of the </span><span class=\"S1F49 SC8 S2\" id=\"t41_119\">Group`s borrowings to interest rate </span><span class=\"S1F4A SC8 S2\" id=\"t42_119\">changes is provided in the note on </span><span class=\"S1F4B SC8 S2\" id=\"t43_119\">loans, mortgages and guarantees. </span><span class=\"S1F4C S1C40 S2\" id=\"t44_119\">Price risk </span><span class=\"S1F4D SC8 S2\" id=\"t45_119\">The developments in global salmon </span><span class=\"S1F4E SC8 S2\" id=\"t46_119\">and trout prices have a considerable </span><span class=\"S1F4F SC8 S2\" id=\"t47_119\">impact on the results achieved by the </span><span class=\"S1F50 SC8 S2\" id=\"t48_119\">Group. In order to reduce the price </span><span class=\"S1F51 SC8 S2\" id=\"t49_119\">risk, a varying share of the revenue / </span><span class=\"S1F52 SC8 S2\" id=\"t4a_119\">purchase cost is hedged through </span><span class=\"S1F53 SC8 S2\" id=\"t4b_119\">purchase and sale forward contracts </span><span class=\"S1F54 SC8 S2\" id=\"t4c_119\">for salmon (Fish Pool contracts). The </span><span class=\"S1F55 SC8 S2\" id=\"t4d_119\">changes in fair value of the contracts </span><span class=\"S1F56 SC8 S2\" id=\"t4e_119\">are recognized in the income statement </span><span class=\"S1F57 SC8 S2\" id=\"t4f_119\">line item \"fair value adjustments </span><span class=\"S1F58 SC8 S2\" id=\"t4g_119\">related to biological assets\". An </span><span class=\"S1F59 SC8 S2\" id=\"t4h_119\">overview of the effect of the Fish Pool </span><span class=\"S1FBC SC8 S2\" id=\"t31_120\">contracts is provided in the note on </span><span class=\"S1FBD SC8 S2\" id=\"t32_120\">\ufb01nancial instruments. </span><span class=\"S1FBE SC8 S2\" id=\"t33_120\">The Group is also exposed to </span><span class=\"S1FBF SC8 S2\" id=\"t34_120\">\ufb02uctuations in the bunker price. This </span><span class=\"S1FC0 SC8 S2\" id=\"t35_120\">risk is reduced through entering into </span><span class=\"S1FC1 SC8 S2\" id=\"t36_120\">forward agreements to purchase </span><span class=\"S1FC2 SC8 S2\" id=\"t37_120\">bunker (bunker derivatives). Gains </span><span class=\"S1FC3 SC8 S2\" id=\"t38_120\">and losses from the effective part of </span><span class=\"S1D5A SC8 S2\" id=\"t39_120\">the hedge (the part of the hedge </span><span class=\"S1FC4 SC8 S2\" id=\"t3a_120\">that quali\ufb01es for cash \ufb02ow hedge </span><span class=\"S1FC5 SC8 S2\" id=\"t3b_120\">accounting) are recognised in other </span><span class=\"S1FC6 SC8 S2\" id=\"t3c_120\">comprehensive income. An overview </span><span class=\"S1FC7 SC8 S2\" id=\"t3d_120\">of the effect of bunker derivatives is </span><span class=\"S1E6A SC8 S2\" id=\"t3e_120\">provided in the note on \ufb01nancial </span><span class=\"S1FC8 SC8 S2\" id=\"t3f_120\">instruments. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10550": {
   "value": "<span class=\"S1F97 S1C40 S2\" id=\"t1y_120\">Credit risk </span><span class=\"S1F98 SC8 S2\" id=\"t1z_120\">Credit risk occurs in transactions </span><span class=\"S1F99 SC8 S2\" id=\"t20_120\">involving derivatives, deposits with </span><span class=\"S1F9A SC8 S2\" id=\"t21_120\">banks and \ufb01nancial institutions in </span><span class=\"S1F9B SC8 S2\" id=\"t22_120\">addition to transactions with </span><span class=\"S1F9C SC8 S2\" id=\"t23_120\">wholesalers and customers, including </span><span class=\"S1F9D SC8 S2\" id=\"t24_120\">outstanding receivables and \ufb01xed </span><span class=\"S1F9E SC8 S2\" id=\"t25_120\">agreements. As virtually all the </span><span class=\"S1F9F SC8 S2\" id=\"t26_120\">Group\u2019s sales to end customers are </span><span class=\"S1FA0 SC8 S2\" id=\"t27_120\">credit sales, procedures have been </span><span class=\"S1FA1 SC8 S2\" id=\"t28_120\">established to ensure that the Group </span><span class=\"S1FA2 SC8 S2\" id=\"t29_120\">companies only sell products to </span><span class=\"S1FA3 SC8 S2\" id=\"t2a_120\">customers with satisfactory credit </span><span class=\"S1FA4 SC8 S2\" id=\"t2b_120\">rating. A credit assessment is </span><span class=\"S1FA5 SC8 S2\" id=\"t2c_120\">performed based on the customer\u2019s </span><span class=\"S1FA6 SC8 S2\" id=\"t2d_120\">\ufb01nancial position, history and any </span><span class=\"S1FA7 SC8 S2\" id=\"t2e_120\">other factors of relevance. Individual </span><span class=\"S1FA8 SC8 S2\" id=\"t2f_120\">limits are set for risk exposure, based </span><span class=\"S1FA9 SC8 S2\" id=\"t2g_120\">on internal and external assessments </span><span class=\"S1FAA SC8 S2\" id=\"t2h_120\">of creditworthiness and guidelines </span><span class=\"S1FAB SC8 S2\" id=\"t2i_120\">from the Board of Directors. The Group\u2019s </span><span class=\"S1FAC SC8 S2\" id=\"t2j_120\">compliance on these procedures is </span><span class=\"S1FAD SC8 S2\" id=\"t2k_120\">regularly monitored. Furthermore, </span><span class=\"S1FAE SC8 S2\" id=\"t2l_120\">almost all of the Group\u2019s trade </span><span class=\"S1FAF SC8 S2\" id=\"t2m_120\">receivables are covered by credit </span><span class=\"S1D45 SC8 S2\" id=\"t2n_120\">insurance securing about 90% of </span><span class=\"S1FB0 SC8 S2\" id=\"t2o_120\">nominal amounts. The counterparties </span><span class=\"S1EB7 SC8 S2\" id=\"t2p_120\">to derivative contracts and \ufb01nancial </span><span class=\"S1FB1 SC8 S2\" id=\"t2q_120\">placements may only be \ufb01nancial </span><span class=\"S1FB2 SC8 S2\" id=\"t2r_120\">institutions with a high credit rating </span><span class=\"S1FB3 SC8 S2\" id=\"t2s_120\">and other parties who can provide </span><span class=\"S1FB4 SC8 S2\" id=\"t2t_120\">reliable security. See note on </span><span class=\"S1FB5 SC8 S2\" id=\"t2u_120\">receivables for further information </span><span class=\"S1FB6 SC8 S2\" id=\"t2v_120\">on credit risk. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10585": {
   "value": "<span class=\"S1FB7 SC7 S2\" id=\"t2w_120\">(V) Derivatives and hedge accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t2x_120\">The company seeks to hedge against </span><span class=\"S1FB9 SC8 S2\" id=\"t2y_120\">currency \ufb02uctuations and changes in </span><span class=\"S1FBA SC8 S2\" id=\"t2z_120\">interest rate by means of derivatives, </span><span class=\"S1FBB SC8 S2\" id=\"t30_120\">respectively currency forward </span><span class=\"S1F5B SC8 S2\" id=\"t1_120\">contracts, interest rate swaps and </span><span class=\"S1F5C SC8 S2\" id=\"t2_120\">bunker derivatives. </span><span class=\"S1F5D SC8 S2\" id=\"t3_120\">Derivatives are carried at fair value </span><span class=\"S1F5E SC8 S2\" id=\"t4_120\">at the time of contract and are </span><span class=\"S1F5F SC8 S2\" id=\"t5_120\">subsequently adjusted to fair value. </span><span class=\"S1F60 SC8 S2\" id=\"t6_120\">The recognition of the associated </span><span class=\"S1F61 SC8 S2\" id=\"t7_120\">losses and gains depends on whether </span><span class=\"S1F62 SC8 S2\" id=\"t8_120\">the derivative is designated as a </span><span class=\"S1F63 SC8 S2\" id=\"t9_120\">hedging instrument and, if so, the type </span><span class=\"S1F64 SC8 S2\" id=\"ta_120\">of hedging. Derivatives which are not </span><span class=\"S1F65 SC8 S2\" id=\"tb_120\">designated as hedging instruments </span><span class=\"S1F66 SC8 S2\" id=\"tc_120\">are recognised at fair value through </span><span class=\"S1F67 SC8 S2\" id=\"td_120\">pro\ufb01t or loss. </span><span class=\"S1F68 SC8 S2\" id=\"te_120\">Fair value of derivatives is shown in </span><span class=\"S1F69 SC8 S2\" id=\"tf_120\">the note on \ufb01nancial instruments. </span><span class=\"S1F6A SC8 S2\" id=\"tg_120\">Fair values of derivatives are classi\ufb01ed </span><span class=\"S1F6B SC8 S2\" id=\"th_120\">as \ufb01xed assets or long-term debt if </span><span class=\"S1C18 SC8 S2\" id=\"ti_120\">the hedging object matures in more </span><span class=\"S1F6C SC8 S2\" id=\"tj_120\">than 12 months, and as current assets </span><span class=\"S1C1A SC8 S2\" id=\"tk_120\">or short-term debt if the hedging </span><span class=\"S1F6D SC8 S2\" id=\"tl_120\">object matures in less than 12 months. </span><span class=\"S1F6E SC8 S2\" id=\"tm_120\">The Group documents the </span><span class=\"S1F6F SC8 S2\" id=\"tn_120\">relationship between the hedging </span><span class=\"S1F70 SC8 S2\" id=\"to_120\">instrument and the hedged items, </span><span class=\"S1F71 SC8 S2\" id=\"tp_120\">including expected hedging ef\ufb01ciency, </span><span class=\"S1F72 SC8 S2\" id=\"tq_120\">when entering into hedging derivatives. </span><span class=\"S1F73 SC8 S2\" id=\"tr_120\">The Group further documents its risk </span><span class=\"S1D01 SC8 S2\" id=\"ts_120\">management strategies related to </span><span class=\"S1F74 SC8 S2\" id=\"tt_120\">transactions that are risk hedges. </span><span class=\"S1F75 SC8 S2\" id=\"tu_120\">Changes in fair value of derivatives </span><span class=\"S1F76 SC8 S2\" id=\"tv_120\">qualifying for fair value hedging are </span><span class=\"S1F77 SC8 S2\" id=\"tw_120\">recognised in the income statement </span><span class=\"S1F78 SC8 S2\" id=\"tx_120\">together with the change in fair value </span><span class=\"S1E4D SC8 S2\" id=\"ty_120\">of the associated hedged asset or </span><span class=\"S1F79 SC8 S2\" id=\"tz_120\">liability. The Group uses fair value </span><span class=\"S1F7A SC8 S2\" id=\"t10_120\">hedging to hedge net receivables in </span><span class=\"S1F7B SC8 S2\" id=\"t11_120\">foreign currency, net deposits on </span><span class=\"S1F7C SC8 S2\" id=\"t12_120\">currency accounts and signed sales </span><span class=\"S1D0B SC8 S2\" id=\"t13_120\">contracts in foreign currency. Gains </span><span class=\"S1F7D SC8 S2\" id=\"t14_120\">and losses on foreign currency are </span><span class=\"S1F7E SC8 S2\" id=\"t15_120\">included in the income statement </span><span class=\"S1F7F SC8 S2\" id=\"t16_120\">line \"Cost of materials\". </span><span class=\"S1E55 SC8 S2\" id=\"t17_120\">The effective share of the change in </span><span class=\"S1F80 SC8 S2\" id=\"t18_120\">fair value of derivatives that qualify </span><span class=\"S1F81 SC8 S2\" id=\"t19_120\">as hedging instruments for cash \ufb02ow </span><span class=\"S1C35 SC8 S2\" id=\"t1a_120\">hedging is recognised through other </span><span class=\"S1F82 SC8 S2\" id=\"t1b_120\">comprehensive income. Hedging </span><span class=\"S1F83 SC8 S2\" id=\"t1c_120\">gains or losses recognised through </span><span class=\"S1E5B SC8 S2\" id=\"t1d_120\">other comprehensive income and </span><span class=\"S1F84 SC8 S2\" id=\"t1e_120\">accumulated in equity are re-classi\ufb01ed </span><span class=\"S1F85 SC8 S2\" id=\"t1f_120\">to the income statement during the </span><span class=\"S1F86 SC8 S2\" id=\"t1g_120\">period in which the hedging object </span><span class=\"S1F87 SC8 S2\" id=\"t1h_120\">impacts the income statement. The </span><span class=\"S2051 SC8 S2\" id=\"t35_121\">Group makes use of cash \ufb02ow hedging </span><span class=\"S2052 SC8 S2\" id=\"t36_121\">related to interest rate swaps and </span><span class=\"S2053 SC8 S2\" id=\"t37_121\">bunker derivates. If the hedge comes </span><span class=\"S2054 SC8 S2\" id=\"t38_121\">to an end, and the expected future </span><span class=\"S1C44 SC8 S2\" id=\"t39_121\">transaction is no longer likely, gains </span><span class=\"S2055 SC8 S2\" id=\"t3a_121\">and losses are recognised in the income </span><span class=\"S2056 SC8 S2\" id=\"t3b_121\">statement under net \ufb01nancial items. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10608": {
   "value": "<span class=\"S1FC9 S1C40 S2\" id=\"t3g_120\">Liquidity risk </span><span class=\"S1FCA SC8 S2\" id=\"t3h_120\">Cash \ufb02ow prognoses are established </span><span class=\"S1FCB SC8 S2\" id=\"t3i_120\">for the different operating segments </span><span class=\"S1FCC SC8 S2\" id=\"t3j_120\">in the Group and are aggregated by </span><span class=\"S1FCD SC8 S2\" id=\"t3k_120\">the Group\u2019s Financial Department. </span><span class=\"S1FCE SC8 S2\" id=\"t3l_120\">The Financial Department monitors </span><span class=\"S1FCF SC8 S2\" id=\"t3m_120\">prognoses of the Group\u2019s liquidity </span><span class=\"S1FD0 SC8 S2\" id=\"t3n_120\">requirements in order to ensure that </span><span class=\"S1FD1 SC8 S2\" id=\"t3o_120\">the Group has suf\ufb01cient cash </span><span class=\"S1FD2 SC8 S2\" id=\"t3p_120\">equivalents to ful\ufb01l operating </span><span class=\"S1FD3 SC8 S2\" id=\"t3q_120\">commitments while sustaining a </span><span class=\"S1FD4 SC8 S2\" id=\"t3r_120\">suf\ufb01cient level of \ufb02exibility in the form </span><span class=\"S1FD5 SC8 S2\" id=\"t3s_120\">of unutilised, binding loan facilities </span><span class=\"S1FD6 SC8 S2\" id=\"t3t_120\">at all times so that the Group is not in </span><span class=\"S1FD7 SC8 S2\" id=\"t3u_120\">breach of the limits or speci\ufb01ed terms </span><span class=\"S1BBA SC8 S2\" id=\"t3v_120\">and conditions for the Group\u2019s loans. </span><span class=\"S1FD8 SC8 S2\" id=\"t3w_120\">Such prognoses take into account </span><span class=\"S1FD9 SC8 S2\" id=\"t3x_120\">the Group\u2019s scheduled new loans, </span><span class=\"S1FDA SC8 S2\" id=\"t3y_120\">compliance with terms and conditions </span><span class=\"S1FDB SC8 S2\" id=\"t3z_120\">of loans, compliance with in-house </span><span class=\"S1FDC SC8 S2\" id=\"t40_120\">objectives for balance sheet \ufb01gures </span><span class=\"S1FDD SC8 S2\" id=\"t41_120\">and, if relevant, external regulatory </span><span class=\"S1FDE SC8 S2\" id=\"t42_120\">or legal requirements. </span><span class=\"S1FDF SC8 S2\" id=\"t43_120\">Any excess cash in the Group </span><span class=\"S1FE0 SC8 S2\" id=\"t44_120\">companies, in addition to what </span><span class=\"S1FE1 SC8 S2\" id=\"t45_120\">constitutes necessary working capital, </span><span class=\"S1BC5 SC8 S2\" id=\"t46_120\">is transferred annually to the parent </span><span class=\"S1FE2 SC8 S2\" id=\"t47_120\">company via Group contributions and </span><span class=\"S1FE3 SC8 S2\" id=\"t48_120\">dividends. The Group\u2019s Financial </span><span class=\"S1FE4 SC8 S2\" id=\"t49_120\">Department deposits excess cash </span><span class=\"S1FE5 SC8 S2\" id=\"t4a_120\">mainly as bank deposits at special </span><span class=\"S1FE6 SC8 S2\" id=\"t4b_120\">terms with appropriate maturities in </span><span class=\"S1FE7 SC8 S2\" id=\"t4c_120\">order to provide suf\ufb01cient security and </span><span class=\"S1FE8 SC8 S2\" id=\"t4d_120\">\ufb02exibility in relation to the company\u2019s </span><span class=\"S1D84 SC8 S2\" id=\"t4e_120\">growth strategy and dividend policy. </span><span class=\"S1FE9 SC8 S2\" id=\"t4f_120\">For information on cash and cash </span><span class=\"S1FEA SC8 S2\" id=\"t4g_120\">equivalents together with undrawn </span><span class=\"S1FEB SC8 S2\" id=\"t4h_120\">credit facilities available to the Group </span><span class=\"S1FEC SC8 S2\" id=\"t4i_120\">as liquidity buffers to manage liquidity </span><span class=\"S1FED SC8 S2\" id=\"t4j_120\">risk, please refer to the statement of </span><span class=\"S1F88 SC8 S2\" id=\"t1i_120\">cash \ufb02ow. </span><span class=\"S1F89 SC8 S2\" id=\"t1j_120\">The table in note on debt, mortgages </span><span class=\"S1F8A SC8 S2\" id=\"t1k_120\">and guarantee liability speci\ufb01es the </span><span class=\"S1F8B SC8 S2\" id=\"t1l_120\">Group\u2019s \ufb01nancial covenants that are </span><span class=\"S1F8C SC8 S2\" id=\"t1m_120\">not derivatives, and derivative </span><span class=\"S1F8D SC8 S2\" id=\"t1n_120\">covenants with net settlement, </span><span class=\"S1F8E SC8 S2\" id=\"t1o_120\">classi\ufb01ed in relation to the down- </span><span class=\"S1F8F SC8 S2\" id=\"t1p_120\">payment schedule. This classi\ufb01cation </span><span class=\"S1F90 SC8 S2\" id=\"t1q_120\">is made in accordance with the </span><span class=\"S1F91 SC8 S2\" id=\"t1r_120\">contractual maturity date. Derivative </span><span class=\"S1F92 SC8 S2\" id=\"t1s_120\">covenants are included in the analysis </span><span class=\"S1F93 SC8 S2\" id=\"t1t_120\">when the contractual maturity date </span><span class=\"S1F94 SC8 S2\" id=\"t1u_120\">is signi\ufb01cant for an understanding of </span><span class=\"S1F95 SC8 S2\" id=\"t1v_120\">the accrual of cash \ufb02ows. The \ufb01gures </span><span class=\"S1D25 SC8 S2\" id=\"t1w_120\">in the table are non-discounted </span><span class=\"S1F96 SC8 S2\" id=\"t1x_120\">contractual cash \ufb02ows. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f10787": {
   "value": "<span class=\"S2057 SC7 S2\" id=\"t3c_121\">(W) Capital management </span><span class=\"S2058 S108 S2\" id=\"t3d_121\">The Group\u2019s objectives for capital </span><span class=\"S2059 S108 S2\" id=\"t3e_121\">management are to enable the Group </span><span class=\"S205A S108 S2\" id=\"t3f_121\">to continue as a going concern in order </span><span class=\"S205B S108 S2\" id=\"t3g_121\">to guarantee returns for the owners </span><span class=\"S205C S108 S2\" id=\"t3h_121\">and other stakeholders and to sustain </span><span class=\"S205D S108 S2\" id=\"t3i_121\">an optimal capital structure to allow </span><span class=\"S205E S108 S2\" id=\"t3j_121\">the Group to reduce capital expenses. </span><span class=\"S1E07 S108 S2\" id=\"t3k_121\">Ongoing structural changes in the </span><span class=\"S205F S108 S2\" id=\"t3l_121\">global industry in which the company </span><span class=\"S2060 S108 S2\" id=\"t3m_121\">operates, seen in conjunction with the </span><span class=\"S2061 S108 S2\" id=\"t3n_121\">cyclical nature of the industry, </span><span class=\"S2062 S108 S2\" id=\"t3o_121\">demand that the company at all times </span><span class=\"S2063 S108 S2\" id=\"t3p_121\">must maintain a satisfactory \ufb01nancial </span><span class=\"S1C54 S108 S2\" id=\"t3q_121\">contingency. This in turn requires a </span><span class=\"S2064 S108 S2\" id=\"t3r_121\">close relationship with the company\u2019s </span><span class=\"S2065 S108 S2\" id=\"t3s_121\">shareholders and equity markets. </span><span class=\"S2066 S108 S2\" id=\"t3t_121\">The Group has always stressed the </span><span class=\"S2067 S108 S2\" id=\"t3u_121\">importance of maintaining the </span><span class=\"S2068 S108 S2\" id=\"t3v_121\">con\ufb01dence of its \ufb01nancial partners </span><span class=\"S2069 S108 S2\" id=\"t3w_121\">and thus also access to necessary </span><span class=\"S206A S108 S2\" id=\"t3x_121\">loan capital on favorable terms. </span><span class=\"S206B S108 S2\" id=\"t3y_121\">The Group\u2019s \ufb01nancial goals are </span><span class=\"S206C S108 S2\" id=\"t3z_121\">re\ufb02ected in quanti\ufb01ed parameters </span><span class=\"S206D S108 S2\" id=\"t40_121\">for \ufb01nancial adequacy and returns. </span><span class=\"S206E S108 S2\" id=\"t41_121\">The requirement for \ufb01nancial adequacy </span><span class=\"S206F S108 S2\" id=\"t42_121\">stipulates that the Group\u2019s equity </span><span class=\"S1C62 S108 S2\" id=\"t43_121\">ratio, de\ufb01ned as equity/total assets, </span><span class=\"S2070 S108 S2\" id=\"t44_121\">should be at least 30% over time. The </span><span class=\"S2071 S108 S2\" id=\"t45_121\">Group\u2019s long-term goal for earnings </span><span class=\"S2072 S108 S2\" id=\"t46_121\">is to generate an annual return on </span><span class=\"S2073 S108 S2\" id=\"t47_121\">the Group\u2019s average capital employed </span><span class=\"S2074 S108 S2\" id=\"t48_121\">of 18% before tax. </span><span class=\"S2075 S108 S2\" id=\"t49_121\">The company\u2019s dividend policy </span><span class=\"S2076 S108 S2\" id=\"t4a_121\">implies that, over time, dividends </span><span class=\"S2077 S108 S2\" id=\"t4b_121\">should lie in the region of 30% to 40% </span><span class=\"S2078 S108 S2\" id=\"t4c_121\">of pro\ufb01t after tax. However, care </span><span class=\"S2079 S108 S2\" id=\"t4d_121\">must be taken at all times to ensure </span><span class=\"S207A S108 S2\" id=\"t4e_121\">that the Group operates in line with </span><span class=\"S207B S108 S2\" id=\"t4f_121\">satisfactory \ufb01nancial contingency for </span><span class=\"S1C70 S108 S2\" id=\"t4g_121\">new and pro\ufb01table investments. In </span><span class=\"S1E29 S108 S2\" id=\"t4h_121\">the long run, value generation will </span><span class=\"S207C S108 S2\" id=\"t4i_121\">increasingly be in the form of higher </span><span class=\"S207D S108 S2\" id=\"t4j_121\">share prices rather than in declared </span><span class=\"S207E S108 S2\" id=\"t4k_121\">dividends. See note on dividend per </span><span class=\"S207F S108 S2\" id=\"t4l_121\">share for more information. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f11222": {
   "value": "<span class=\"S21A9 SC7 S2\" id=\"tl_124\">(Y) New and amended \ufb01nancial </span><span class=\"S21AA SC7 S2\" id=\"tm_124\">reporting standards </span><span class=\"S21AB S21BB S2\" id=\"tn_124\">New standards implemented in 2022 </span><span class=\"S21AC S108 S2\" id=\"to_124\">IASB and EU have not implemented </span><span class=\"S21AD S108 S2\" id=\"tp_124\">any new standards that have been </span><span class=\"S21AE S108 S2\" id=\"tq_124\">mandatory to adopt in 2022. </span><span class=\"S1BB8 S1C40 S2\" id=\"tr_124\">New standards which have not come </span><span class=\"S21AF S1C40 S2\" id=\"ts_124\">into effect and where the Group has </span><span class=\"S20F6 S1C40 S2\" id=\"tt_124\">not opted for early application </span><span class=\"S21B0 SC8 S2\" id=\"tu_124\">Certain new accounting standards </span><span class=\"S21B1 SC8 S2\" id=\"tv_124\">and interpretations have been </span><span class=\"S21B2 SC8 S2\" id=\"tw_124\">published that are not mandatory </span><span class=\"S21B3 SC8 S2\" id=\"tx_124\">for 2022 reporting periods and have </span><span class=\"S21B4 SC8 S2\" id=\"ty_124\">not been early adopted by the group. </span><span class=\"S21B5 SC8 S2\" id=\"tz_124\">These standards and interpretations </span><span class=\"S21B6 SC8 S2\" id=\"t10_124\">are not expected to have a material </span><span class=\"S21B7 SC8 S2\" id=\"t11_124\">impact on the group in the future </span><span class=\"S21B8 SC8 S2\" id=\"t12_124\">reporting periods and on foreseeable </span><span class=\"S21B9 SC8 S2\" id=\"t13_124\">future transactions. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f11379": {
   "value": "<span class=\"S2220 S18EC S2\" id=\"t3e_125\">NOTE 2 </span><span class=\"S2221 S18EC S2\" id=\"t3f_125\">Alternative performance measures </span><span class=\"S21BC SC8 S2\" id=\"t1_125\">Ler\u00f8y Seafood Group\u2019s accounts are </span><span class=\"S21BD SC8 S2\" id=\"t2_125\">submitted in accordance with </span><span class=\"S21BE SC8 S2\" id=\"t3_125\">international standards for \ufb01nancial </span><span class=\"S21BF SC8 S2\" id=\"t4_125\">reporting (IFRS) and interpretations </span><span class=\"S21C0 SC8 S2\" id=\"t5_125\">established by the International </span><span class=\"S1DFD SC8 S2\" id=\"t6_125\">Accounting Standards Board (IASB) </span><span class=\"S1DFE SC8 S2\" id=\"t7_125\">and adopted by the EU. In addition, </span><span class=\"S21C1 SC8 S2\" id=\"t8_125\">the Board and management have </span><span class=\"S21C2 SC8 S2\" id=\"t9_125\">chosen to present certain alternative </span><span class=\"S21C3 SC8 S2\" id=\"ta_125\">performance measures (APMs) to make </span><span class=\"S21C4 SC8 S2\" id=\"tb_125\">the Group\u2019s developments simpler to </span><span class=\"S21C5 SC8 S2\" id=\"tc_125\">understand. The Board and </span><span class=\"S2172 SC8 S2\" id=\"td_125\">management are of the opinion that </span><span class=\"S21C6 SC8 S2\" id=\"te_125\">these performance measures are in </span><span class=\"S21C7 SC8 S2\" id=\"tf_125\">demand and utilised by investors, </span><span class=\"S21C8 SC8 S2\" id=\"tg_125\">analysts, credit institutions and other </span><span class=\"S1ED1 SC8 S2\" id=\"th_125\">stakeholders. The alternative </span><span class=\"S2177 SC8 S2\" id=\"ti_125\">performance measures are derived </span><span class=\"S21C9 SC8 S2\" id=\"tj_125\">from the performance measures </span><span class=\"S21CA SC8 S2\" id=\"tk_125\">de\ufb01ned in IFRS. The \ufb01gures are de\ufb01ned </span><span class=\"S21CB SC8 S2\" id=\"tl_125\">below. They are consistently calculated </span><span class=\"S21CC SC8 S2\" id=\"tm_125\">and presented in addition to other </span><span class=\"S21CD SC8 S2\" id=\"tn_125\">performance measures, in line with </span><span class=\"S1ED6 SC8 S2\" id=\"to_125\">the Guidelines on Alternative </span><span class=\"S21CE SC8 S2\" id=\"tp_125\">Performance Measures from the </span><span class=\"S21CF SC8 S2\" id=\"tq_125\">European Securities and Markets </span><span class=\"S21D0 SC8 S2\" id=\"tr_125\">Authority (ESMA). </span><span class=\"S21D1 SC7 S2\" id=\"ts_125\">EBIT before fair value adjustments </span><span class=\"S21D2 SC8 S2\" id=\"tt_125\">EBIT before fair value adjustments is </span><span class=\"S21D3 SC8 S2\" id=\"tu_125\">an APM utilised by the Group. </span><span class=\"S21D4 SC8 S2\" id=\"tv_125\">Pursuant </span><span class=\"S21D5 SC8 S2\" id=\"tw_125\">to IFRS, biological assets (\ufb01sh in the </span><span class=\"S21D6 SC8 S2\" id=\"tx_125\">sea) shall be measured at fair value </span><span class=\"S21D7 SC8 S2\" id=\"ty_125\">in the statement of \ufb01nancial position </span><span class=\"S21D8 SC8 S2\" id=\"tz_125\">(IAS 41). Estimates of fair value require </span><span class=\"S21D9 SC8 S2\" id=\"t10_125\">various assumptions about the future, </span><span class=\"S21DA SC8 S2\" id=\"t11_125\">including price developments. Changes </span><span class=\"S21DB SC8 S2\" id=\"t12_125\">in the market\u2019s price expectations may </span><span class=\"S1DD0 SC8 S2\" id=\"t13_125\">therefore result in major changes in </span><span class=\"S202C SC8 S2\" id=\"t14_125\">carried value. As this change in value </span><span class=\"S202D SC8 S2\" id=\"t15_125\">is included in the operating pro\ufb01t or </span><span class=\"S21DC SC8 S2\" id=\"t16_125\">loss (EBIT) as de\ufb01ned in IFRS, this \ufb01gure </span><span class=\"S21DD SC8 S2\" id=\"t17_125\">alone is not suf\ufb01cient to illustrate the </span><span class=\"S21DE SC8 S2\" id=\"t18_125\">Group\u2019s performance during the </span><span class=\"S214B SC8 S2\" id=\"t19_125\">period. The same applies to other </span><span class=\"S1F01 SC8 S2\" id=\"t1a_125\">items on the statement of \ufb01nancial </span><span class=\"S21DF SC8 S2\" id=\"t1b_125\">position related to biological assets, </span><span class=\"S21E0 SC8 S2\" id=\"t1c_125\">onerous contracts (IFRS 37) and </span><span class=\"S21E1 SC8 S2\" id=\"t1d_125\">\ufb01nancial \ufb01sh-pool contracts (IFRS 9). </span><span class=\"S21E2 SC8 S2\" id=\"t1e_125\">The Group has therefore elected to </span><span class=\"S21E3 SC8 S2\" id=\"t1f_125\">present operating pro\ufb01t as it would </span><span class=\"S21E4 SC8 S2\" id=\"t1g_125\">be presented before recognition of </span><span class=\"S1F26 SC8 S2\" id=\"t1h_125\">the above-mentioned fair value </span><span class=\"S21E5 SC8 S2\" id=\"t1i_125\">adjustments, as an alternative </span><span class=\"S21E6 SC8 S2\" id=\"t1j_125\">performance measure. By presenting </span><span class=\"S21E7 SC8 S2\" id=\"t1k_125\">(1) EBIT before fair value adjustments, </span><span class=\"S21E8 SC8 S2\" id=\"t1l_125\">(2) fair value adjustments in the period </span><span class=\"S21E9 SC8 S2\" id=\"t1m_125\">and (3) EBIT after fair value </span><span class=\"S21EA SC8 S2\" id=\"t1n_125\">adjustments, the user of the \ufb01nancial </span><span class=\"S21EB SC8 S2\" id=\"t1o_125\">statements will easily be able to </span><span class=\"S21EC SC8 S2\" id=\"t1p_125\">identify how much of the operating </span><span class=\"S21ED SC8 S2\" id=\"t1q_125\">pro\ufb01t comprises changes in fair value </span><span class=\"S21EE SC8 S2\" id=\"t1r_125\">(fair value adjustments) and thereby </span><span class=\"S1D98 SC8 S2\" id=\"t1s_125\">compare performance with other </span><span class=\"S1D99 SC8 S2\" id=\"t1t_125\">companies in the same industry. The </span><span class=\"S1D9A SC8 S2\" id=\"t1u_125\">note on biological assets contains a </span><span class=\"S21EF SC8 S2\" id=\"t1v_125\">detailed description of how fair value </span><span class=\"S21F0 SC8 S2\" id=\"t1w_125\">adjustment is calculated and the </span><span class=\"S21F1 SC8 S2\" id=\"t1x_125\">\ufb01gures for each component. The </span><span class=\"S21F2 SC8 S2\" id=\"t1y_125\">following components are included: </span><span class=\"S21F3 SC4 S2\" id=\"t1z_125\">2022 </span><span class=\"S21F4 SC4 S2\" id=\"t20_125\">2021 </span><span class=\"S21F5 SC5 S2\" id=\"t21_125\">Operating pro\ufb01t (EBIT) </span><span class=\"S21F6 SC5 S2\" id=\"t22_125\">4 283 045 </span><span class=\"S21F7 SC5 S2\" id=\"t23_125\">3 604 087 </span><span class=\"S21F8 SC5 S2\" id=\"t24_125\">Fair value adjustments </span><span class=\"S21F9 SC5 S2\" id=\"t25_125\">-1 088 166 </span><span class=\"S21FA SC5 S2\" id=\"t26_125\">-1 085 304 </span><span class=\"S21FB SC4 S2\" id=\"t27_125\">EBIT before fair value adjustments </span><span class=\"S21FC SC4 S2\" id=\"t28_125\">3 194 879 </span><span class=\"S21FD SC4 S2\" id=\"t29_125\">2 518 783 </span><span class=\"S21FE SC4 S2\" id=\"t2a_125\">Fair value adjustments consists of </span><span class=\"S21FF SC5 S2\" id=\"t2b_125\">1. Change in fair value adjustment on \ufb01sh in sea </span><span class=\"S2200 SC5 S2\" id=\"t2c_125\">2. Change in fair value adjustment on roe, fry and cleaning \ufb01sh* </span><span class=\"S2201 SC5 S2\" id=\"t2d_125\">3. Change in fair value adjustment on onerous contracts (salmon and trout) </span><span class=\"S2202 SC5 S2\" id=\"t2e_125\">4. Change in fair value adjustment on Fish Pool contracts (\ufb01nancial contracts on salmon), not regarded as hedges </span><span class=\"S2203 SAF1 S2\" id=\"t2f_125\">* For this group historical cost provides the best estimate of fair value. </span><span class=\"S2204 SC5 S2\" id=\"t2g_125\">See note on biological assets for more details. </span><span class=\"S2205 SC5 S2\" id=\"t2h_125\">The APM is used in the income statement, in note 5 on segments and in the calculation of some key \ufb01gures. </span><span class=\"S2206 SC5 S2\" id=\"t2i_125\">It is also referred to in the Board of Director`s report. </span><span class=\"S2207 SC7 S2\" id=\"t2j_125\">EBITDA before fair value adjustments </span><span class=\"S2208 SC8 S2\" id=\"t2k_125\">EBITDA before fair value adjustments is an APM. Calculation is identical as the calculation of \u00abEBIT before fair value </span><span class=\"S2209 SC8 S2\" id=\"t2l_125\">adjustments\u00bb (above). </span><span class=\"S220A SC4 S2\" id=\"t2m_125\">2022 </span><span class=\"S220B SC4 S2\" id=\"t2n_125\">2021 </span><span class=\"S220C SC5 S2\" id=\"t2o_125\">EBIT </span><span class=\"S220D SC5 S2\" id=\"t2p_125\">4 283 045 </span><span class=\"S220E SC5 S2\" id=\"t2q_125\">3 604 087 </span><span class=\"S220F SC5 S2\" id=\"t2r_125\">Depreciations (intangibles, RoU assets and \ufb01xed assets) </span><span class=\"S2210 SC5 S2\" id=\"t2s_125\">1 326 039 </span><span class=\"S2211 SC5 S2\" id=\"t2t_125\">1 252 334 </span><span class=\"S2212 SC5 S2\" id=\"t2u_125\">Impairment loss </span><span class=\"S2213 SC5 S2\" id=\"t2v_125\">0 </span><span class=\"S2214 SC5 S2\" id=\"t2w_125\">6 400 </span><span class=\"S2215 SC4 S2\" id=\"t2x_125\">EBITDA </span><span class=\"S2216 SC4 S2\" id=\"t2y_125\">5 609 084 </span><span class=\"S2217 SC4 S2\" id=\"t2z_125\">4 862 820 </span><span class=\"S2218 SC5 S2\" id=\"t30_125\">Fair value adjustments </span><span class=\"S2219 SC5 S2\" id=\"t31_125\">-1 088 166 </span><span class=\"S221A SC5 S2\" id=\"t32_125\">-1 085 304 </span><span class=\"S221B SC4 S2\" id=\"t33_125\">EBITDA before fair value adjustments </span><span class=\"S221C SC4 S2\" id=\"t34_125\">4 520 918 </span><span class=\"S221D SC4 S2\" id=\"t35_125\">3 777 516 </span><span class=\"S221E SAF1 S2\" id=\"t36_125\">The APM is used in the income statement. </span><span class=\"S2222 SC7 S2\" id=\"t1_126\">Pro\ufb01t before tax and fair value </span><span class=\"S2223 SC7 S2\" id=\"t2_126\">adjustments </span><span class=\"S2224 SC8 S2\" id=\"t3_126\">Pro\ufb01t before tax and fair value </span><span class=\"S2225 SC8 S2\" id=\"t4_126\">adjustments is an APM utilised by the </span><span class=\"S2226 SC8 S2\" id=\"t5_126\">Group. </span><span class=\"S2227 SC8 S2\" id=\"t6_126\">Pursuant to IFRS, biological </span><span class=\"S1BA1 SC8 S2\" id=\"t7_126\">assets (\ufb01sh in the sea) shall be </span><span class=\"S2228 SC8 S2\" id=\"t8_126\">measured at fair value in the </span><span class=\"S2229 SC8 S2\" id=\"t9_126\">statement of \ufb01nancial position (IAS </span><span class=\"S222A SC8 S2\" id=\"ta_126\">41). The APM demonstrates how the </span><span class=\"S222B SC8 S2\" id=\"tb_126\">result would have been if IAS 41 not </span><span class=\"S222C SC8 S2\" id=\"tc_126\">had been applied. This implies that </span><span class=\"S222D SC8 S2\" id=\"td_126\">the FV adjustment on \ufb01sh in sea are </span><span class=\"S1BD6 SC8 S2\" id=\"te_126\">reversed (eliminated). This includes </span><span class=\"S222E SC8 S2\" id=\"tf_126\">both the group`s own FV adjustment </span><span class=\"S222F SC8 S2\" id=\"tg_126\">and also the FV adjustments included </span><span class=\"S1E33 SC8 S2\" id=\"th_126\">in the income from associated </span><span class=\"S2230 SC8 S2\" id=\"ti_126\">companies (AC) also applying IAS 41, </span><span class=\"S2231 SC8 S2\" id=\"tj_126\">following the equity method. The </span><span class=\"S2232 SC8 S2\" id=\"tk_126\">components included are: </span><span class=\"S2233 SC4 S2\" id=\"tl_126\">2022 </span><span class=\"S2234 SC4 S2\" id=\"tm_126\">2021 </span><span class=\"S2235 SC5 S2\" id=\"tn_126\">Pro\ufb01t before tax </span><span class=\"S2236 SC5 S2\" id=\"to_126\">4 066 951 </span><span class=\"S2237 SC5 S2\" id=\"tp_126\">3 531 665 </span><span class=\"S2238 SC5 S2\" id=\"tq_126\">Fair value adjustments </span><span class=\"S2239 SC5 S2\" id=\"tr_126\">-1 088 166 </span><span class=\"S223A SC5 S2\" id=\"ts_126\">-1 085 304 </span><span class=\"S223B SC5 S2\" id=\"tt_126\">Fair value adj. incl. in income from AC </span><span class=\"S223C SC5 S2\" id=\"tu_126\">-11 982 </span><span class=\"S223D SC5 S2\" id=\"tv_126\">-6 022 </span><span class=\"S223E SC4 S2\" id=\"tw_126\">Pro\ufb01t before tax and fair value adjustments </span><span class=\"S223F SC4 S2\" id=\"tx_126\">2 966 803 </span><span class=\"S2240 SC4 S2\" id=\"ty_126\">2 440 339 </span><span class=\"S2241 SAF1 S2\" id=\"tz_126\">It is referred to this APM in the Board of Director`s Report. </span><span class=\"S2242 SC7 S2\" id=\"t10_126\">Controlling interests share of annual </span><span class=\"S2243 SC7 S2\" id=\"t11_126\">pro\ufb01t before fair value adjustments </span><span class=\"S2244 SC8 S2\" id=\"t12_126\">Controlling interests (CI`s) share of </span><span class=\"S2245 SC8 S2\" id=\"t13_126\">annual pro\ufb01t (after tax) before fair </span><span class=\"S2246 SC8 S2\" id=\"t14_126\">value adjustments is an APM utilised </span><span class=\"S2247 SC8 S2\" id=\"t15_126\">by the Group. </span><span class=\"S2248 SC8 S2\" id=\"t16_126\">Pursuant to IFRS, </span><span class=\"S2249 SC8 S2\" id=\"t17_126\">biological assets (\ufb01sh in the sea) </span><span class=\"S224A SC8 S2\" id=\"t18_126\">shall be measured at fair value in the </span><span class=\"S224B SC8 S2\" id=\"t19_126\">statement of \ufb01nancial position (IAS </span><span class=\"S224C SC8 S2\" id=\"t1a_126\">41). The APM demonstrates how the </span><span class=\"S224D SC8 S2\" id=\"t1b_126\">share of annual pro\ufb01t after tax to </span><span class=\"S224E SC8 S2\" id=\"t1c_126\">LSG`s shareholders would have been </span><span class=\"S224F SC8 S2\" id=\"t1d_126\">if IAS 41 not had been applied. This </span><span class=\"S2250 SC8 S2\" id=\"t1e_126\">implies that the CI`s proportional </span><span class=\"S2251 SC8 S2\" id=\"t1f_126\">share of FV adjustment on \ufb01sh in sea </span><span class=\"S2252 SC8 S2\" id=\"t1g_126\">are reversed (eliminated). This </span><span class=\"S2253 SC8 S2\" id=\"t1h_126\">includes both the group`s own FV </span><span class=\"SDC4 SC8 S2\" id=\"t1i_126\">adjustment and also the FV </span><span class=\"SDC5 SC8 S2\" id=\"t1j_126\">adjustments included in the income </span><span class=\"SDC6 SC8 S2\" id=\"t1k_126\">from associated companies (AC) also </span><span class=\"S2254 SC8 S2\" id=\"t1l_126\">applying IAS 41, following the equity </span><span class=\"S2255 SC8 S2\" id=\"t1m_126\">method. The components included are: </span><span class=\"S2256 SC4 S2\" id=\"t1n_126\">2022 </span><span class=\"S2257 SC4 S2\" id=\"t1o_126\">2021 </span><span class=\"S2258 SC5 S2\" id=\"t1p_126\">CI`s share of annual pro\ufb01t </span><span class=\"S2259 SC5 S2\" id=\"t1q_126\">2 906 781 </span><span class=\"S225A SC5 S2\" id=\"t1r_126\">2 632 371 </span><span class=\"S225B SC5 S2\" id=\"t1s_126\">CI`s share of fair value adjustments </span><span class=\"S225C SC5 S2\" id=\"t1t_126\">-755 606 </span><span class=\"S225D SC5 S2\" id=\"t1u_126\">-791 688 </span><span class=\"S225E SC5 S2\" id=\"t1v_126\">CI`s share of fair value adj. incl. in income from AC </span><span class=\"S225F SC5 S2\" id=\"t1w_126\">-11 982 </span><span class=\"S2260 SC5 S2\" id=\"t1x_126\">-6 022 </span><span class=\"S2261 SC4 S2\" id=\"t1y_126\">Controlling interests share of annual pro\ufb01t (after tax) before fair value adjustments </span><span class=\"S2262 SC4 S2\" id=\"t1z_126\">2 139 193 </span><span class=\"S2263 SC4 S2\" id=\"t20_126\">1 834 661 </span><span class=\"S2264 SAF1 S2\" id=\"t21_126\">This APM is used in note 19 on earnings per share, for calculation of the key \ufb01gure earnings per share before fair value adjustments. </span><span class=\"S2265 SC7 S2\" id=\"t22_126\">Net-interest-bearing debt (NIBD) </span><span class=\"S2266 SC8 S2\" id=\"t23_126\">NIBD is an APM utilized by the Group. </span><span class=\"S2267 SC8 S2\" id=\"t24_126\">The \ufb01gure shows how much capital </span><span class=\"S2268 SC8 S2\" id=\"t25_126\">the Group employs and is an important </span><span class=\"S2269 SC8 S2\" id=\"t26_126\">key \ufb01gure for stakeholders who are </span><span class=\"S226A SC8 S2\" id=\"t27_126\">planning to grant \ufb01nancing to the </span><span class=\"S226B SC8 S2\" id=\"t28_126\">Group and for stakeholders who </span><span class=\"S226C SC8 S2\" id=\"t29_126\">want to value the company. NIBD is </span><span class=\"S226D SC8 S2\" id=\"t2a_126\">de\ufb01ned as interest-bearing </span><span class=\"S226E SC8 S2\" id=\"t2b_126\">commitments, both short-term and </span><span class=\"S226F SC8 S2\" id=\"t2c_126\">long-term, to persons or institutions </span><span class=\"S2270 SC8 S2\" id=\"t2d_126\">with the main purpose of providing </span><span class=\"S2271 SC8 S2\" id=\"t2e_126\">\ufb01nancing and/or credit, minus interest- </span><span class=\"S2272 SC8 S2\" id=\"t2f_126\">bearing cash or cash equivalents. </span><span class=\"S2273 SC8 S2\" id=\"t2g_126\">\u00a0</span><span class=\"S2274 SC8 S2\" id=\"t2h_126\">Since NIBD is an APM, with no common </span><span class=\"S2275 SC8 S2\" id=\"t2i_126\">de\ufb01nition from IFRS, different </span><span class=\"S2276 SC8 S2\" id=\"t2j_126\">de\ufb01nitions and versions of this APM </span><span class=\"S2277 SC8 S2\" id=\"t2k_126\">exist today in the reporting from the </span><span class=\"S2278 SC8 S2\" id=\"t2l_126\">companies. The most important </span><span class=\"S2279 SC8 S2\" id=\"t2m_126\">difference relates to the recognition </span><span class=\"S227A SC8 S2\" id=\"t2n_126\">of lease liabilities. Some companies </span><span class=\"S227B SC8 S2\" id=\"t2o_126\">include all lease liabilities in NIBD. </span><span class=\"S227C SC8 S2\" id=\"t2p_126\">Other companies exclude all lease </span><span class=\"S227D SC8 S2\" id=\"t2q_126\">liabilities from their NIBD. And some </span><span class=\"S227E SC8 S2\" id=\"t2r_126\">use a combination. Therefore, it is </span><span class=\"S227F SC8 S2\" id=\"t2s_126\">important to be aware of this </span><span class=\"S2280 SC8 S2\" id=\"t2t_126\">difference when comparing between </span><span class=\"S2281 SC8 S2\" id=\"t2u_126\">companies. Ler\u00f8y Seafood Group use </span><span class=\"S2282 SC8 S2\" id=\"t2v_126\">a combination, with an approach </span><span class=\"S2283 SC8 S2\" id=\"t2w_126\">that distinct between lease liabilities </span><span class=\"S2284 SC8 S2\" id=\"t2x_126\">derived from a \ufb01nancing purpose </span><span class=\"S2285 SC8 S2\" id=\"t2y_126\">and lease liabilities that are not. </span><span class=\"S2286 SC8 S2\" id=\"t2z_126\">In practice, this distinction is based on </span><span class=\"S2287 SC8 S2\" id=\"t30_126\">what kind of party the company has </span><span class=\"S2288 SC8 S2\" id=\"t31_126\">made the leasing agreement with. </span><span class=\"S2289 SC8 S2\" id=\"t32_126\">On the date of implementation of </span><span class=\"S228A SC8 S2\" id=\"t33_126\">IFRS 16, the Group`s \ufb01nancial leasing </span><span class=\"S228B SC8 S2\" id=\"t34_126\">liabilities was almost only with credit </span><span class=\"S228C SC8 S2\" id=\"t35_126\">institutions, with the main purpose of </span><span class=\"S228D SC8 S2\" id=\"t36_126\">providing the Group \ufb01nancing. These </span><span class=\"S228E SC8 S2\" id=\"t37_126\">agreements shared the principle that </span><span class=\"S228F SC8 S2\" id=\"t38_126\">the duration of the lease period </span><span class=\"S2290 SC8 S2\" id=\"t39_126\">covered most of the economic lifetime </span><span class=\"S2291 SC8 S2\" id=\"t3a_126\">of the asset involved. When it comes </span><span class=\"S2292 SC8 S2\" id=\"t3b_126\">to the operational leasing liabilities, </span><span class=\"S2293 SC8 S2\" id=\"t3c_126\">these agreements did nearly only </span><span class=\"S2294 SC8 S2\" id=\"t3d_126\">concern rentals for well-boats and </span><span class=\"S2295 SC8 S2\" id=\"t3e_126\">buildings, from shipping companies </span><span class=\"S2296 SC8 S2\" id=\"t3f_126\">and real estate developers, where </span><span class=\"S2299 SC8 S2\" id=\"t1_127\">de\ufb01nition of NIBD. </span><span class=\"S229A SC8 S2\" id=\"t2_127\">Lease liabilities to credit institutions </span><span class=\"S229B SC8 S2\" id=\"t3_127\">are included in NIBD and the Group`s </span><span class=\"S229C SC8 S2\" id=\"t4_127\">communication of changes in NIBD, </span><span class=\"S1DC7 SC8 S2\" id=\"t5_127\">while lease liabilities to others than </span><span class=\"S229D SC8 S2\" id=\"t6_127\">credit institutions are not included. </span><span class=\"S229E SC8 S2\" id=\"t7_127\">The corresponding right-of-use assets </span><span class=\"S229F SC8 S2\" id=\"t8_127\">from leases with credit institutions are </span><span class=\"S22A0 SC8 S2\" id=\"t9_127\">included in the Group`s communication </span><span class=\"S22A1 SC8 S2\" id=\"ta_127\">of investments, while right-of-use </span><span class=\"S22A2 SC8 S2\" id=\"tb_127\">assets from leases with others than </span><span class=\"S1DCE SC8 S2\" id=\"tc_127\">credit institutions are not included. </span><span class=\"S22A3 SC8 S2\" id=\"td_127\">Thus, the de\ufb01nition ensures symmetry </span><span class=\"S22A4 SC8 S2\" id=\"te_127\">between what`s reported as the </span><span class=\"S22A5 SC8 S2\" id=\"tf_127\">Group`s investments and the </span><span class=\"S22A6 SC8 S2\" id=\"tg_127\">accompanying information on how </span><span class=\"S22A7 SC8 S2\" id=\"th_127\">this has been \ufb01nanced. The Group`s </span><span class=\"S22A8 SC8 S2\" id=\"ti_127\">NIBD is therefore not impacted from </span><span class=\"S22A9 SC8 S2\" id=\"tj_127\">the type of \ufb01nancing, in terms of loans </span><span class=\"S22AA SC8 S2\" id=\"tk_127\">versus leases. This approach also </span><span class=\"S22AB SC8 S2\" id=\"tl_127\">ensures an NIBD basically unimpacted </span><span class=\"S22AC SC8 S2\" id=\"tm_127\">from the implementation of IFRS 16 in </span><span class=\"S22AD SC8 S2\" id=\"tn_127\">2019. This implies that the Group`s key </span><span class=\"S22AE SC8 S2\" id=\"to_127\">\ufb01nancial \ufb01gures that includes NIBD in </span><span class=\"S22AF SC8 S2\" id=\"tp_127\">the calculation, still are comparable </span><span class=\"S22B0 SC8 S2\" id=\"tq_127\">over time. </span><span class=\"S22B1 SC8 S2\" id=\"tr_127\">\ufb01nancing was not the purpose, and </span><span class=\"S21BD SC8 S2\" id=\"ts_127\">where the rental period was much </span><span class=\"S22B2 SC8 S2\" id=\"tt_127\">shorter than the economic lifetime of </span><span class=\"S22B3 SC8 S2\" id=\"tu_127\">the asset involved. </span><span class=\"S22B4 SC8 S2\" id=\"tv_127\">In the Group`s communication to the </span><span class=\"S22B5 SC8 S2\" id=\"tw_127\">capital market about how much cash </span><span class=\"S22B6 SC8 S2\" id=\"tx_127\">the Group has spent on investments, </span><span class=\"S22B7 SC8 S2\" id=\"ty_127\">and how this is \ufb01nanced, this </span><span class=\"S22B8 SC8 S2\" id=\"tz_127\">distinction is of relevance. Therefore, </span><span class=\"S22B9 SC8 S2\" id=\"t10_127\">this distinction between leases with </span><span class=\"S22BA SC8 S2\" id=\"t11_127\">credit institutions and leases with </span><span class=\"S22BB SC8 S2\" id=\"t12_127\">others than credit institutions is </span><span class=\"S22BC SC8 S2\" id=\"t13_127\">established and included in the Group`s </span><span class=\"S22BD SC4 S2\" id=\"t14_127\">Lease liability consists of </span><span class=\"S22BE SC4 S2\" id=\"t15_127\">31.12.2022 </span><span class=\"S22BF SC4 S2\" id=\"t16_127\">31.12.2021 </span><span class=\"S22C0 SC5 S2\" id=\"t17_127\">Lease liabilities to credit institutions </span><span class=\"S22C1 SC5 S2\" id=\"t18_127\">1 213 715 </span><span class=\"S22C2 SC5 S2\" id=\"t19_127\">1 236 528 </span><span class=\"S22C3 SC5 S2\" id=\"t1a_127\">Lease liabilities to other than credit institutions </span><span class=\"S22C4 SC5 S2\" id=\"t1b_127\">1 542 520 </span><span class=\"S22C5 SC5 S2\" id=\"t1c_127\">1 322 541 </span><span class=\"S22C6 SC4 S2\" id=\"t1d_127\">Total lease liabilities </span><span class=\"S22C7 SC4 S2\" id=\"t1e_127\">2 756 235 </span><span class=\"S22C8 SC4 S2\" id=\"t1f_127\">2 559 069 </span><span class=\"S22C9 SC4 S2\" id=\"t1g_127\">Components included in NIBD </span><span class=\"S22CA SC4 S2\" id=\"t1h_127\">31.12.2022 </span><span class=\"S22CB SC4 S2\" id=\"t1i_127\">31.12.2021 </span><span class=\"S22CC SC5 S2\" id=\"t1j_127\">Bond loans </span><span class=\"S22CD SC5 S2\" id=\"t1k_127\">1 493 656 </span><span class=\"S22CE SC5 S2\" id=\"t1l_127\">1 492 431 </span><span class=\"S22CF SC5 S2\" id=\"t1m_127\">Loans from credit institutions </span><span class=\"S22D0 SC5 S2\" id=\"t1n_127\">3 836 664 </span><span class=\"S22D1 SC5 S2\" id=\"t1o_127\">4 186 882 </span><span class=\"S22D2 SC5 S2\" id=\"t1p_127\">Lease liabilities to credit institutions </span><span class=\"S22D3 SC5 S2\" id=\"t1q_127\">1 213 715 </span><span class=\"S22D4 SC5 S2\" id=\"t1r_127\">1 236 528 </span><span class=\"S22D5 SC5 S2\" id=\"t1s_127\">Other long term loans </span><span class=\"S22D6 SC5 S2\" id=\"t1t_127\">2 145 </span><span class=\"S22D7 SC5 S2\" id=\"t1u_127\">2 402 </span><span class=\"S22D8 SC5 S2\" id=\"t1v_127\">Overdraft and other short term credit </span><span class=\"S22D9 SC5 S2\" id=\"t1w_127\">1 104 780 </span><span class=\"S22DA SC5 S2\" id=\"t1x_127\">582 390 </span><span class=\"S22DB SC5 S2\" id=\"t1y_127\">Bank deposits and cash </span><span class=\"S22DC SC5 S2\" id=\"t1z_127\">-3 304 878 </span><span class=\"S22DD SC5 S2\" id=\"t20_127\">-4 203 146 </span><span class=\"S22DE SC4 S2\" id=\"t21_127\">Net interest bearing debt (NIBD) </span><span class=\"S22DF SC4 S2\" id=\"t22_127\">4 346 083 </span><span class=\"S22E0 SC4 S2\" id=\"t23_127\">3 297 487 </span><span class=\"S22E1 SAF1 S2\" id=\"t24_127\">See note on debt, mortgages and guarantees for an overview of \ufb02ows in the period. </span><span class=\"S22E2 SAF1 S2\" id=\"t25_127\">It is referred to this APM in the Board of Director`s Report, in key \ufb01gures and in the note on loans, mortgages and guarantees. </span><span class=\"S22E3 SC4 S2\" id=\"t26_127\">3 different de\ufb01nitions of NIBD, and LSG`s position within these alternatives </span><span class=\"S22E4 SC4 S2\" id=\"t27_127\">31.12.2022 </span><span class=\"S22E5 SC4 S2\" id=\"t28_127\">31.12.2021 </span><span class=\"S22E6 SC5 S2\" id=\"t29_127\">NIBD including non of the lease liabilities </span><span class=\"S22E7 SC5 S2\" id=\"t2a_127\">3 132 368 </span><span class=\"S22E8 SC5 S2\" id=\"t2b_127\">2 060 959 </span><span class=\"S22E9 SC5 S2\" id=\"t2c_127\">NIBD including lease liabilities to credit institutions </span><span class=\"S22EA SC5 S2\" id=\"t2d_127\">The de\ufb01nition applied in LSG: </span><span class=\"S22EB SC5 S2\" id=\"t2e_127\">4 346 083 </span><span class=\"S22EC SC5 S2\" id=\"t2f_127\">3 297 487 </span><span class=\"S22ED SC5 S2\" id=\"t2g_127\">NIBD including total lease liabilities </span><span class=\"S22EE SC5 S2\" id=\"t2h_127\">5 888 603 </span><span class=\"S22EF SC5 S2\" id=\"t2i_127\">4 620 028 </span><span class=\"S22F0 SC8 S2\" id=\"t2j_127\">When comparing NIBD between </span><span class=\"S22F1 SC8 S2\" id=\"t2k_127\">companies based on annual accounts, </span><span class=\"S22F2 SC8 S2\" id=\"t2l_127\">it is important to be aware that the </span><span class=\"S22F3 SC8 S2\" id=\"t2m_127\">presented NIBD \ufb01gure is dependent </span><span class=\"S22F4 SC8 S2\" id=\"t2n_127\">on if lease liabilities is included, partly </span><span class=\"S22F5 SC8 S2\" id=\"t2o_127\">included, or not included at all. As of </span><span class=\"S22F6 SC8 S2\" id=\"t2p_127\">today there is no uniform de\ufb01nition </span><span class=\"S22F7 SC8 S2\" id=\"t2q_127\">among the reporting entities about </span><span class=\"S22F8 SC8 S2\" id=\"t2r_127\">how this \ufb01gures should be calculated </span><span class=\"S22F9 SC8 S2\" id=\"t2s_127\">and presented. </span><span class=\"S2381 S18EC S2\" id=\"t24_134\">NOTE 5 </span><span class=\"S27F9 S18EC S2\" id=\"t25_134\">Operating revenues and segment information </span><span class=\"S27B7 SC4 S2\" id=\"t1_134\">Segments </span><span class=\"S27B8 SC5 S2\" id=\"t2_134\">The Group has the following segments: </span><span class=\"S27B9 SC5 S2\" id=\"t3_134\">(1) Wild catch </span><span class=\"S27BA SC5 S2\" id=\"t4_134\">(2) Farming </span><span class=\"S27BB SC5 S2\" id=\"t5_134\">(3) Value-added processing (VAP), sales and distribution (VAPSD) </span><span class=\"S27BC SC5 S2\" id=\"t6_134\">Ler\u00f8y Seafood Group ASA and Preline Fishfarming System AS are not allocated to any of these segments, and are included in the elimination </span><span class=\"S27BD SC5 S2\" id=\"t7_134\">segment. Farming is divided into three individual regions: </span><span class=\"S27BE SC5 S2\" id=\"t8_134\">(A) North (Ler\u00f8y Aurora AS and Ler\u00f8y Aurora 2 AS) </span><span class=\"S27BF SC5 S2\" id=\"t9_134\">(B) Central (Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS) </span><span class=\"S27C0 SC5 S2\" id=\"ta_134\">(C) West (Ler\u00f8y Vest AS, Ler\u00f8y Vest 2 AS, Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk 2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y \u00c5rskog AS, Ler\u00f8y Ocean </span><span class=\"S27C1 SC5 S2\" id=\"tb_134\">Harvest AS and Norsk Oppdrettsservice AS). Region West are also referred to as \"Ler\u00f8y Sj\u00f8troll\". </span><span class=\"S27C2 SC5 S2\" id=\"tc_134\">Further details regarding the different companies in the groups, allocation to segment and level of aggregation are presented in note on </span><span class=\"S27C3 SC5 S2\" id=\"td_134\">consolidated companies. The aggregation level for reporting by region is described in the note on accounting principles. </span><span class=\"S27C4 SC4 S2\" id=\"te_134\">Operating revenue </span><span class=\"S194B SC4 S2\" id=\"tf_134\">2022 </span><span class=\"S194C SC4 S2\" id=\"tg_134\">2021 </span><span class=\"S27C5 SC5 S2\" id=\"th_134\">Sale of goods and services </span><span class=\"S27C6 SC5 S2\" id=\"ti_134\">26 640 669 </span><span class=\"S27C7 SC5 S2\" id=\"tj_134\">23 071 652 </span><span class=\"S27C8 SC5 S2\" id=\"tk_134\">Lease income </span><span class=\"S27C9 SC5 S2\" id=\"tl_134\">253 </span><span class=\"S27CA SC5 S2\" id=\"tm_134\">1 416 </span><span class=\"S27CB SC5 S2\" id=\"tn_134\">Damages received </span><span class=\"S27CC SC5 S2\" id=\"to_134\">61 </span><span class=\"S27CD SC5 S2\" id=\"tp_134\">102 </span><span class=\"S27CE SC5 S2\" id=\"tq_134\">Other operating revenue </span><span class=\"S27CF SC5 S2\" id=\"tr_134\">4 894 </span><span class=\"S27D0 SC5 S2\" id=\"ts_134\">110 </span><span class=\"S27D1 SC4 S2\" id=\"tt_134\">Total </span><span class=\"S27D2 SC4 S2\" id=\"tu_134\">26 645 877 </span><span class=\"S27D3 SC4 S2\" id=\"tv_134\">23 073 280 </span><span class=\"S27D4 SC4 S2\" id=\"tw_134\">Other gains and losses </span><span class=\"S27D5 SC4 S2\" id=\"tx_134\">2022 </span><span class=\"S27D6 SC4 S2\" id=\"ty_134\">2021 </span><span class=\"S27D7 SC5 S2\" id=\"tz_134\">Gain(+)/loss(-) from disposal of \ufb01xed assets </span><span class=\"S27D8 SC5 S2\" id=\"t10_134\">5 697 </span><span class=\"S27D9 SC5 S2\" id=\"t11_134\">26 467 </span><span class=\"S27DA SC5 S2\" id=\"t12_134\">Gain(+)/loss(-) from termination of leases (disposal RoU-assets) </span><span class=\"S27DB SC5 S2\" id=\"t13_134\">850 </span><span class=\"S27DC SC5 S2\" id=\"t14_134\">2 361 </span><span class=\"S27DD SC5 S2\" id=\"t15_134\">Gain(+)/loss(-) from disposal of intangibles </span><span class=\"S27DE SC5 S2\" id=\"t16_134\">0 </span><span class=\"S27DF SC5 S2\" id=\"t17_134\">-5 189 </span><span class=\"S27E0 SC5 S2\" id=\"t18_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27E1 SC5 S2\" id=\"t19_134\">0 </span><span class=\"S27E2 SC5 S2\" id=\"t1a_134\">39 175 </span><span class=\"S27E3 SC5 S2\" id=\"t1b_134\">Gain(+)/loss(-) from disposal of other non-current \ufb01nancial assets </span><span class=\"S27E4 SC5 S2\" id=\"t1c_134\">-167 </span><span class=\"S27E5 SC5 S2\" id=\"t1d_134\">0 </span><span class=\"S27E6 SC4 S2\" id=\"t1e_134\">Total </span><span class=\"S27E7 SC4 S2\" id=\"t1f_134\">6 380 </span><span class=\"S27E8 SC4 S2\" id=\"t1g_134\">62 814 </span><span class=\"S27E9 SC4 S2\" id=\"t1h_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27EA SC4 S2\" id=\"t1i_134\">2022 </span><span class=\"S27EB SC4 S2\" id=\"t1j_134\">2021 </span><span class=\"S27EC SC5 S2\" id=\"t1k_134\">Gain(+)/loss(-) from disposal of shares in associated companies </span><span class=\"S27ED SC5 S2\" id=\"t1l_134\">0 </span><span class=\"S27EE SC5 S2\" id=\"t1m_134\">-61 </span><span class=\"S27EF SC5 S2\" id=\"t1n_134\">Gain from re-measurement related to business combination </span><span class=\"S27F0 SC5 S2\" id=\"t1o_134\">0 </span><span class=\"S27F1 SC5 S2\" id=\"t1p_134\">32 063 </span><span class=\"S27F2 SC5 S2\" id=\"t1q_134\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S27F3 SC5 S2\" id=\"t1r_134\">0 </span><span class=\"S27F4 SC5 S2\" id=\"t1s_134\">7 173 </span><span class=\"S27F5 SC4 S2\" id=\"t1t_134\">Total </span><span class=\"S27F6 SC4 S2\" id=\"t1u_134\">0 </span><span class=\"S27F7 SC4 S2\" id=\"t1v_134\">39 175 </span><span class=\"S27F8 SAF1 S2\" id=\"t1w_134\">The gain is mainly concerning the step-by-step business combination with the previous associated company Seafood Danmark A/S </span><span class=\"S27FA SC4 S2\" id=\"t1_135\">2021 </span><span class=\"S27FB SC4 S2\" id=\"t2_135\">Wild catch </span><span class=\"S27FC SC4 S2\" id=\"t3_135\">Farming </span><span class=\"S27FD SC4 S2\" id=\"t4_135\">VAPSD </span><span class=\"S27FE SC4 S2\" id=\"t5_135\">Elimination/ </span><span class=\"S27FF SC4 S2\" id=\"t6_135\">unallocated </span><span class=\"S2800 SC4 S2\" id=\"t7_135\">Total </span><span class=\"S2801 SC5 S2\" id=\"t8_135\">External operating revenue </span><span class=\"S2802 SC5 S2\" id=\"t9_135\">902 691 </span><span class=\"S2803 SC5 S2\" id=\"ta_135\">323 337 </span><span class=\"S2804 SC5 S2\" id=\"tb_135\">21 847 251 </span><span class=\"S2805 SC5 S2\" id=\"tc_135\">0 </span><span class=\"S2806 SC5 S2\" id=\"td_135\">23 073 280 </span><span class=\"S2807 SC5 S2\" id=\"te_135\">Internal operating revenue </span><span class=\"S2808 SC5 S2\" id=\"tf_135\">1 792 444 </span><span class=\"S2809 SC5 S2\" id=\"tg_135\">10 180 062 </span><span class=\"S280A SC5 S2\" id=\"th_135\">124 987 </span><span class=\"S280B SC5 S2\" id=\"ti_135\">-12 097 493 </span><span class=\"S280C SC5 S2\" id=\"tj_135\">0 </span><span class=\"S280D SC4 S2\" id=\"tk_135\">Total operating revenue </span><span class=\"S280E SC4 S2\" id=\"tl_135\">2 695 135 </span><span class=\"S280F SC4 S2\" id=\"tm_135\">10 503 400 </span><span class=\"S2810 SC4 S2\" id=\"tn_135\">21 972 238 </span><span class=\"S2811 SC4 S2\" id=\"to_135\">-12 097 493 </span><span class=\"S2812 SC4 S2\" id=\"tp_135\">23 073 280 </span><span class=\"S2813 SC5 S2\" id=\"tq_135\">Other gains and losses </span><span class=\"S2814 SC5 S2\" id=\"tr_135\">2 451 </span><span class=\"S2815 SC5 S2\" id=\"ts_135\">7 209 </span><span class=\"S2816 SC5 S2\" id=\"tt_135\">53 155 </span><span class=\"S2817 SC5 S2\" id=\"tu_135\">62 814 </span><span class=\"S2818 SC5 S2\" id=\"tv_135\">Operating expenses </span><span class=\"S2819 SC5 S2\" id=\"tw_135\">2 357 691 </span><span class=\"S281A SC5 S2\" id=\"tx_135\">8 742 880 </span><span class=\"S281B SC5 S2\" id=\"ty_135\">21 395 379 </span><span class=\"S281C SC5 S2\" id=\"tz_135\">-11 878 639 </span><span class=\"S281D SC5 S2\" id=\"t10_135\">20 617 311 </span><span class=\"S281E SC4 S2\" id=\"t11_135\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S281F SC4 S2\" id=\"t12_135\">339 895 </span><span class=\"S2820 SC4 S2\" id=\"t13_135\">1 767 729 </span><span class=\"S2821 SC4 S2\" id=\"t14_135\">630 014 </span><span class=\"S2822 SC4 S2\" id=\"t15_135\">-218 854 </span><span class=\"S2823 SC4 S2\" id=\"t16_135\">2 518 783 </span><span class=\"S2824 SC5 S2\" id=\"t17_135\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S2825 SC5 S2\" id=\"t18_135\">1 131 092 </span><span class=\"S2826 SC5 S2\" id=\"t19_135\">1 131 092 </span><span class=\"S2827 SC5 S2\" id=\"t1a_135\">Change in fair value of loss-making contracts </span><span class=\"S2828 SC5 S2\" id=\"t1b_135\">-44 226 </span><span class=\"S2829 SC5 S2\" id=\"t1c_135\">-44 226 </span><span class=\"S282A SC5 S2\" id=\"t1d_135\">Change in fair value of Fish Pool contracts </span><span class=\"S282B SC5 S2\" id=\"t1e_135\">-1 561 </span><span class=\"S282C SC5 S2\" id=\"t1f_135\">-1 561 </span><span class=\"S282D SC5 S2\" id=\"t1g_135\">Total fair value adjustments related to biological assets </span><span class=\"S282E SC5 S2\" id=\"t1h_135\">0 </span><span class=\"S282F SC5 S2\" id=\"t1i_135\">1 086 866 </span><span class=\"S2830 SC5 S2\" id=\"t1j_135\">-1 561 </span><span class=\"S2831 SC5 S2\" id=\"t1k_135\">0 </span><span class=\"S2832 SC5 S2\" id=\"t1l_135\">1 085 304 </span><span class=\"S2833 SC4 S2\" id=\"t1m_135\">Operating pro\ufb01t </span><span class=\"S2834 SC4 S2\" id=\"t1n_135\">339 895 </span><span class=\"S2835 SC4 S2\" id=\"t1o_135\">2 854 594 </span><span class=\"S2836 SC4 S2\" id=\"t1p_135\">628 453 </span><span class=\"S2837 SC4 S2\" id=\"t1q_135\">-218 854 </span><span class=\"S2838 SC4 S2\" id=\"t1r_135\">3 604 087 </span><span class=\"S2839 SC5 S2\" id=\"t1s_135\">Pro\ufb01t from associates </span><span class=\"S283A SC5 S2\" id=\"t1t_135\">-484 </span><span class=\"S283B SC5 S2\" id=\"t1u_135\">113 906 </span><span class=\"S283C SC5 S2\" id=\"t1v_135\">8 081 </span><span class=\"S283D SC5 S2\" id=\"t1w_135\">121 503 </span><span class=\"S283E SC5 S2\" id=\"t1x_135\">Net \ufb01nancial items </span><span class=\"S283F SC5 S2\" id=\"t1y_135\">-40 599 </span><span class=\"S2840 SC5 S2\" id=\"t1z_135\">-135 511 </span><span class=\"S2841 SC5 S2\" id=\"t20_135\">5 155 </span><span class=\"S2842 SC5 S2\" id=\"t21_135\">-22 970 </span><span class=\"S2843 SC5 S2\" id=\"t22_135\">-193 925 </span><span class=\"S2844 SC4 S2\" id=\"t23_135\">Pro\ufb01t before tax </span><span class=\"S2845 SC4 S2\" id=\"t24_135\">298 811 </span><span class=\"S2846 SC4 S2\" id=\"t25_135\">2 832 989 </span><span class=\"S2847 SC4 S2\" id=\"t26_135\">641 689 </span><span class=\"S2848 SC4 S2\" id=\"t27_135\">-241 824 </span><span class=\"S2849 SC4 S2\" id=\"t28_135\">3 531 665 </span><span class=\"S284A SC5 S2\" id=\"t29_135\">Tax cost </span><span class=\"S284B SC5 S2\" id=\"t2a_135\">-750 569 </span><span class=\"S284C SC4 S2\" id=\"t2b_135\">The year's result </span><span class=\"S284D SC4 S2\" id=\"t2c_135\">2 781 096 </span><span class=\"S284E SC5 S2\" id=\"t2d_135\">Operating margin before fair value adjustments </span><span class=\"S284F SC5 S2\" id=\"t2e_135\">12.6 % </span><span class=\"S2850 SC5 S2\" id=\"t2f_135\">16.8 % </span><span class=\"S2851 SC5 S2\" id=\"t2g_135\">2.9 % </span><span class=\"S2852 SC5 S2\" id=\"t2h_135\">1.8 % </span><span class=\"S2853 SC5 S2\" id=\"t2i_135\">10.9 % </span><span class=\"S2854 SC5 S2\" id=\"t2j_135\">Catch volume (HOG) in tonnes </span><span class=\"S2855 SC5 S2\" id=\"t2k_135\">71 521 </span><span class=\"S2856 SC5 S2\" id=\"t2l_135\">71 521 </span><span class=\"S2857 SC5 S2\" id=\"t2m_135\">Harvest volume salmon and trout (GWT) </span><span class=\"S2858 SC5 S2\" id=\"t2n_135\">186 635 </span><span class=\"S2859 SC5 S2\" id=\"t2o_135\">186 635 </span><span class=\"S285A SC5 S2\" id=\"t2p_135\">EBIT */kg harvested salmon and trout </span><span class=\"S285B SC5 S2\" id=\"t2q_135\">1.8 </span><span class=\"S285C SC5 S2\" id=\"t2r_135\">9.5 </span><span class=\"S285D SC5 S2\" id=\"t2s_135\">3.4 </span><span class=\"S285E SC5 S2\" id=\"t2t_135\">-1.2 </span><span class=\"S285F SC5 S2\" id=\"t2u_135\">13.5 </span><span class=\"S2860 SC5 S2\" id=\"t2v_135\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2861 SC5 S2\" id=\"t2w_135\">4.8 </span><span class=\"S2862 SC5 S2\" id=\"t2x_135\">-0.1 </span><span class=\"S2863 SC5 S2\" id=\"t2y_135\">4.7 </span><span class=\"S2864 SC5 S2\" id=\"t2z_135\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2865 SC5 S2\" id=\"t30_135\">9.5 </span><span class=\"S2866 SC5 S2\" id=\"t31_135\">3.4 </span><span class=\"S2867 SC5 S2\" id=\"t32_135\">-1.2 </span><span class=\"S2868 SC5 S2\" id=\"t33_135\">11.7 </span><span class=\"S2869 SC5 S2\" id=\"t34_135\">Assets excluding associates </span><span class=\"S286A SC5 S2\" id=\"t35_135\">6 359 641 </span><span class=\"S286B SC5 S2\" id=\"t36_135\">18 681 233 </span><span class=\"S286C SC5 S2\" id=\"t37_135\">6 158 809 </span><span class=\"S286D SC5 S2\" id=\"t38_135\">1 645 953 </span><span class=\"S286E SC5 S2\" id=\"t39_135\">32 845 636 </span><span class=\"S286F SC5 S2\" id=\"t3a_135\">Associates </span><span class=\"S2870 SC5 S2\" id=\"t3b_135\">21 683 </span><span class=\"S2871 SC5 S2\" id=\"t3c_135\">1 324 848 </span><span class=\"S2872 SC5 S2\" id=\"t3d_135\">1 542 </span><span class=\"S2873 SC5 S2\" id=\"t3e_135\">0 </span><span class=\"S2874 SC5 S2\" id=\"t3f_135\">1 348 072 </span><span class=\"S2875 SC4 S2\" id=\"t3g_135\">Total assets </span><span class=\"S2876 SC4 S2\" id=\"t3h_135\">6 381 324 </span><span class=\"S2877 SC4 S2\" id=\"t3i_135\">20 006 081 </span><span class=\"S2878 SC4 S2\" id=\"t3j_135\">6 160 350 </span><span class=\"S2879 SC4 S2\" id=\"t3k_135\">1 645 953 </span><span class=\"S287A SC4 S2\" id=\"t3l_135\">34 193 708 </span><span class=\"S287B SC4 S2\" id=\"t3m_135\">Total liabilities </span><span class=\"S287C SC4 S2\" id=\"t3n_135\">2 894 711 </span><span class=\"S287D SC4 S2\" id=\"t3o_135\">8 686 147 </span><span class=\"S287E SC4 S2\" id=\"t3p_135\">3 504 667 </span><span class=\"S287F SC4 S2\" id=\"t3q_135\">-214 920 </span><span class=\"S2880 SC4 S2\" id=\"t3r_135\">14 870 605 </span><span class=\"S2881 SC4 S2\" id=\"t3s_135\">NIBD </span><span class=\"S2882 SC4 S2\" id=\"t3t_135\">1 023 777 </span><span class=\"S2883 SC4 S2\" id=\"t3u_135\">3 500 347 </span><span class=\"S2884 SC4 S2\" id=\"t3v_135\">-90 121 </span><span class=\"S2885 SC4 S2\" id=\"t3w_135\">-1 136 517 </span><span class=\"S2886 SC4 S2\" id=\"t3x_135\">3 297 487 </span><span class=\"S2887 SC4 S2\" id=\"t3y_135\">Net investments in intangibles and \ufb01xed assets *** </span><span class=\"S2888 SC4 S2\" id=\"t3z_135\">123 691 </span><span class=\"S2889 SC4 S2\" id=\"t40_135\">945 751 </span><span class=\"S288A SC4 S2\" id=\"t41_135\">111 833 </span><span class=\"S288B SC4 S2\" id=\"t42_135\">1 162 </span><span class=\"S288C SC4 S2\" id=\"t43_135\">1 182 438 </span><span class=\"S288D SC5 S2\" id=\"t44_135\">Depreciations on intangibles </span><span class=\"S288E SC5 S2\" id=\"t45_135\">28 400 </span><span class=\"S288F SC5 S2\" id=\"t46_135\">635 </span><span class=\"S2890 SC5 S2\" id=\"t47_135\">3 879 </span><span class=\"S2891 SC5 S2\" id=\"t48_135\">0 </span><span class=\"S2892 SC5 S2\" id=\"t49_135\">32 914 </span><span class=\"S2893 SC5 S2\" id=\"t4a_135\">Depreciation on right of use assets from credit institutions </span><span class=\"S2894 SC5 S2\" id=\"t4b_135\">12 770 </span><span class=\"S2895 SC5 S2\" id=\"t4c_135\">192 964 </span><span class=\"S2896 SC5 S2\" id=\"t4d_135\">25 380 </span><span class=\"S2897 SC5 S2\" id=\"t4e_135\">52 </span><span class=\"S2898 SC5 S2\" id=\"t4f_135\">231 167 </span><span class=\"S2899 SC5 S2\" id=\"t4g_135\">Depreciation on \ufb01xed assets </span><span class=\"S289A SC5 S2\" id=\"t4h_135\">159 346 </span><span class=\"S289B SC5 S2\" id=\"t4i_135\">442 982 </span><span class=\"S289C SC5 S2\" id=\"t4j_135\">109 370 </span><span class=\"S289D SC5 S2\" id=\"t4k_135\">2 028 </span><span class=\"S289E SC5 S2\" id=\"t4l_135\">713 726 </span><span class=\"S289F SC4 S2\" id=\"t4m_135\">Total depreciations exclusive RoU assets from others </span><span class=\"S28A0 SC4 S2\" id=\"t4n_135\">200 516 </span><span class=\"S28A1 SC4 S2\" id=\"t4o_135\">636 582 </span><span class=\"S28A2 SC4 S2\" id=\"t4p_135\">138 629 </span><span class=\"S28A3 SC4 S2\" id=\"t4q_135\">2 080 </span><span class=\"S28A4 SC4 S2\" id=\"t4r_135\">977 807 </span><span class=\"S28A5 SC5 S2\" id=\"t4s_135\">Depreciation on right of use assets from others </span><span class=\"S28A6 SC5 S2\" id=\"t4t_135\">3 381 </span><span class=\"S28A7 SC5 S2\" id=\"t4u_135\">238 565 </span><span class=\"S28A8 SC5 S2\" id=\"t4v_135\">24 636 </span><span class=\"S28A9 SC5 S2\" id=\"t4w_135\">7 944 </span><span class=\"S28AA SC5 S2\" id=\"t4x_135\">274 527 </span><span class=\"S28AB SC4 S2\" id=\"t4y_135\">Total depreciation </span><span class=\"S28AC SC4 S2\" id=\"t4z_135\">203 897 </span><span class=\"S28AD SC4 S2\" id=\"t50_135\">875 147 </span><span class=\"S28AE SC4 S2\" id=\"t51_135\">163 265 </span><span class=\"S28AF SC4 S2\" id=\"t52_135\">10 024 </span><span class=\"S28B0 SC4 S2\" id=\"t53_135\">1 252 334 </span><span class=\"S28B1 SC5 S2\" id=\"t54_135\">Impairment loss on \ufb01xed assets </span><span class=\"S28B2 SC5 S2\" id=\"t55_135\">6 400 </span><span class=\"S28B3 SC5 S2\" id=\"t56_135\">6 400 </span><span class=\"S28B4 SC4 S2\" id=\"t57_135\">Total impairment loss </span><span class=\"S28B5 SC4 S2\" id=\"t58_135\">0 </span><span class=\"S28B6 SC4 S2\" id=\"t59_135\">0 </span><span class=\"S28B7 SC4 S2\" id=\"t5a_135\">6 400 </span><span class=\"S28B8 SC4 S2\" id=\"t5b_135\">0 </span><span class=\"S28B9 SC4 S2\" id=\"t5c_135\">6 400 </span><span class=\"S28BB SC4 S2\" id=\"t1_136\">2022 </span><span class=\"S28BC SC4 S2\" id=\"t2_136\">Wild catch </span><span class=\"S28BD SC4 S2\" id=\"t3_136\">Farming </span><span class=\"S28BE SC4 S2\" id=\"t4_136\">VAPSD </span><span class=\"S28BF SC4 S2\" id=\"t5_136\">Elimination/ </span><span class=\"S28C0 SC4 S2\" id=\"t6_136\">unallocated </span><span class=\"S28C1 SC4 S2\" id=\"t7_136\">Total </span><span class=\"S28C2 SC5 S2\" id=\"t8_136\">External operating revenue </span><span class=\"S28C3 SC5 S2\" id=\"t9_136\">1 135 078 </span><span class=\"S28C4 SC5 S2\" id=\"ta_136\">247 973 </span><span class=\"S28C5 SC5 S2\" id=\"tb_136\">25 262 326 </span><span class=\"S28C6 SC5 S2\" id=\"tc_136\">500 </span><span class=\"S28C7 SC5 S2\" id=\"td_136\">26 645 877 </span><span class=\"S28C8 SC5 S2\" id=\"te_136\">Internal operating revenue </span><span class=\"S28C9 SC5 S2\" id=\"tf_136\">1 981 425 </span><span class=\"S28CA SC5 S2\" id=\"tg_136\">12 196 140 </span><span class=\"S28CB SC5 S2\" id=\"th_136\">241 263 </span><span class=\"S28CC SC5 S2\" id=\"ti_136\">-14 418 829 </span><span class=\"S28CD SC5 S2\" id=\"tj_136\">0 </span><span class=\"S28CE SC4 S2\" id=\"tk_136\">Total operating revenue </span><span class=\"S28CF SC4 S2\" id=\"tl_136\">3 116 503 </span><span class=\"S28D0 SC4 S2\" id=\"tm_136\">12 444 113 </span><span class=\"S28D1 SC4 S2\" id=\"tn_136\">25 503 590 </span><span class=\"S28D2 SC4 S2\" id=\"to_136\">-14 418 329 </span><span class=\"S28D3 SC4 S2\" id=\"tp_136\">26 645 877 </span><span class=\"S28D4 SC5 S2\" id=\"tq_136\">Other gains and losses </span><span class=\"S28D5 SC5 S2\" id=\"tr_136\">-3 214 </span><span class=\"S28D6 SC5 S2\" id=\"ts_136\">7 764 </span><span class=\"S28D7 SC5 S2\" id=\"tt_136\">2 112 </span><span class=\"S28D8 SC5 S2\" id=\"tu_136\">-281 </span><span class=\"S28D9 SC5 S2\" id=\"tv_136\">6 380 </span><span class=\"S28DA SC5 S2\" id=\"tw_136\">Operating expenses </span><span class=\"S28DB SC5 S2\" id=\"tx_136\">2 765 621 </span><span class=\"S28DC SC5 S2\" id=\"ty_136\">9 306 761 </span><span class=\"S28DD SC5 S2\" id=\"tz_136\">25 350 175 </span><span class=\"S28DE SC5 S2\" id=\"t10_136\">-13 965 178 </span><span class=\"S28DF SC5 S2\" id=\"t11_136\">23 457 378 </span><span class=\"S28E0 SC4 S2\" id=\"t12_136\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S28E1 SC4 S2\" id=\"t13_136\">347 667 </span><span class=\"S28E2 SC4 S2\" id=\"t14_136\">3 145 116 </span><span class=\"S28E3 SC4 S2\" id=\"t15_136\">155 527 </span><span class=\"S28E4 SC4 S2\" id=\"t16_136\">-453 431 </span><span class=\"S28E5 SC4 S2\" id=\"t17_136\">3 194 879 </span><span class=\"S28E6 SC5 S2\" id=\"t18_136\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S28E7 SC5 S2\" id=\"t19_136\">1 057 507 </span><span class=\"S28E8 SC5 S2\" id=\"t1a_136\">1 057 507 </span><span class=\"S28E9 SC5 S2\" id=\"t1b_136\">Change in fair value of loss-making contracts </span><span class=\"S28EA SC5 S2\" id=\"t1c_136\">30 659 </span><span class=\"S28EB SC5 S2\" id=\"t1d_136\">30 659 </span><span class=\"S28EC SC5 S2\" id=\"t1e_136\">Change in fair value of Fish Pool contracts </span><span class=\"S28ED SC5 S2\" id=\"t1f_136\">0 </span><span class=\"S28EE SC5 S2\" id=\"t1g_136\">Total fair value adjustments related to biological assets </span><span class=\"S28EF SC5 S2\" id=\"t1h_136\">0 </span><span class=\"S28F0 SC5 S2\" id=\"t1i_136\">1 088 166 </span><span class=\"S28F1 SC5 S2\" id=\"t1j_136\">0 </span><span class=\"S28F2 SC5 S2\" id=\"t1k_136\">0 </span><span class=\"S28F3 SC5 S2\" id=\"t1l_136\">1 088 166 </span><span class=\"S28F4 SC4 S2\" id=\"t1m_136\">Operating pro\ufb01t </span><span class=\"S28F5 SC4 S2\" id=\"t1n_136\">347 667 </span><span class=\"S28F6 SC4 S2\" id=\"t1o_136\">4 233 282 </span><span class=\"S28F7 SC4 S2\" id=\"t1p_136\">155 527 </span><span class=\"S28F8 SC4 S2\" id=\"t1q_136\">-453 431 </span><span class=\"S28F9 SC4 S2\" id=\"t1r_136\">4 283 045 </span><span class=\"S28FA SC5 S2\" id=\"t1s_136\">Pro\ufb01t from associates </span><span class=\"S28FB SC5 S2\" id=\"t1t_136\">356 </span><span class=\"S28FC SC5 S2\" id=\"t1u_136\">65 537 </span><span class=\"S28FD SC5 S2\" id=\"t1v_136\">-218 </span><span class=\"S28FE SC5 S2\" id=\"t1w_136\">65 675 </span><span class=\"S28FF SC5 S2\" id=\"t1x_136\">Net \ufb01nancial items </span><span class=\"S2900 SC5 S2\" id=\"t1y_136\">-46 037 </span><span class=\"S2901 SC5 S2\" id=\"t1z_136\">-201 733 </span><span class=\"S2902 SC5 S2\" id=\"t20_136\">-39 673 </span><span class=\"S2903 SC5 S2\" id=\"t21_136\">5 674 </span><span class=\"S2904 SC5 S2\" id=\"t22_136\">-281 769 </span><span class=\"S2905 SC4 S2\" id=\"t23_136\">Pro\ufb01t before tax </span><span class=\"S2906 SC4 S2\" id=\"t24_136\">301 986 </span><span class=\"S2907 SC4 S2\" id=\"t25_136\">4 097 086 </span><span class=\"S2908 SC4 S2\" id=\"t26_136\">115 636 </span><span class=\"S2909 SC4 S2\" id=\"t27_136\">-447 757 </span><span class=\"S290A SC4 S2\" id=\"t28_136\">4 066 951 </span><span class=\"S290B SC5 S2\" id=\"t29_136\">Tax cost </span><span class=\"S290C SC5 S2\" id=\"t2a_136\">-901 829 </span><span class=\"S290D SC4 S2\" id=\"t2b_136\">The year's result </span><span class=\"S290E SC4 S2\" id=\"t2c_136\">3 165 122 </span><span class=\"S290F SC5 S2\" id=\"t2d_136\">Operating margin before fair value adjustments </span><span class=\"S2910 SC5 S2\" id=\"t2e_136\">11.2 % </span><span class=\"S2911 SC5 S2\" id=\"t2f_136\">25.3 % </span><span class=\"S2912 SC5 S2\" id=\"t2g_136\">0.6 % </span><span class=\"S2913 SC5 S2\" id=\"t2h_136\">3.1 % </span><span class=\"S2914 SC5 S2\" id=\"t2i_136\">12.0 % </span><span class=\"S2915 SC5 S2\" id=\"t2j_136\">Catch volume (HOG) in tonnes </span><span class=\"S2916 SC5 S2\" id=\"t2k_136\">71 726 </span><span class=\"S2917 SC5 S2\" id=\"t2l_136\">71 726 </span><span class=\"S2918 SC5 S2\" id=\"t2m_136\">Harvest volume salmon and trout (GWT) </span><span class=\"S2919 SC5 S2\" id=\"t2n_136\">174 629 </span><span class=\"S291A SC5 S2\" id=\"t2o_136\">174 629 </span><span class=\"S291B SC5 S2\" id=\"t2p_136\">EBIT */kg harvested salmon and trout </span><span class=\"S291C SC5 S2\" id=\"t2q_136\">2.0 </span><span class=\"S291D SC5 S2\" id=\"t2r_136\">18.0 </span><span class=\"S291E SC5 S2\" id=\"t2s_136\">0.9 </span><span class=\"S291F SC5 S2\" id=\"t2t_136\">20.9 </span><span class=\"S2920 SC5 S2\" id=\"t2u_136\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2921 SC5 S2\" id=\"t2v_136\">4.8 </span><span class=\"S2922 SC5 S2\" id=\"t2w_136\">4.8 </span><span class=\"S2923 SC5 S2\" id=\"t2x_136\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2924 SC5 S2\" id=\"t2y_136\">18.0 </span><span class=\"S2925 SC5 S2\" id=\"t2z_136\">0.9 </span><span class=\"S2926 SC5 S2\" id=\"t30_136\">0.0 </span><span class=\"S2927 SC5 S2\" id=\"t31_136\">18.9 </span><span class=\"S2928 SC5 S2\" id=\"t32_136\">Assets excluding associates </span><span class=\"S2929 SC5 S2\" id=\"t33_136\">6 608 072 </span><span class=\"S292A SC5 S2\" id=\"t34_136\">21 370 133 </span><span class=\"S292B SC5 S2\" id=\"t35_136\">7 398 335 </span><span class=\"S292C SC5 S2\" id=\"t36_136\">260 482 </span><span class=\"S292D SC5 S2\" id=\"t37_136\">35 637 022 </span><span class=\"S292E SC5 S2\" id=\"t38_136\">Associates </span><span class=\"S292F SC5 S2\" id=\"t39_136\">22 419 </span><span class=\"S2930 SC5 S2\" id=\"t3a_136\">1 400 865 </span><span class=\"S2931 SC5 S2\" id=\"t3b_136\">1 354 </span><span class=\"S2932 SC5 S2\" id=\"t3c_136\">0 </span><span class=\"S2933 SC5 S2\" id=\"t3d_136\">1 424 638 </span><span class=\"S2934 SC4 S2\" id=\"t3e_136\">Total assets </span><span class=\"S2935 SC4 S2\" id=\"t3f_136\">6 630 491 </span><span class=\"S2936 SC4 S2\" id=\"t3g_136\">22 770 998 </span><span class=\"S2937 SC4 S2\" id=\"t3h_136\">7 399 689 </span><span class=\"S2938 SC4 S2\" id=\"t3i_136\">260 482 </span><span class=\"S2939 SC4 S2\" id=\"t3j_136\">37 061 660 </span><span class=\"S293A SC4 S2\" id=\"t3k_136\">Total liabilities </span><span class=\"S293B SC4 S2\" id=\"t3l_136\">2 986 231 </span><span class=\"S293C SC4 S2\" id=\"t3m_136\">9 727 036 </span><span class=\"S293D SC4 S2\" id=\"t3n_136\">5 142 988 </span><span class=\"S293E SC4 S2\" id=\"t3o_136\">-1 818 287 </span><span class=\"S293F SC4 S2\" id=\"t3p_136\">16 037 967 </span><span class=\"S2940 SC4 S2\" id=\"t3q_136\">NIBD </span><span class=\"S2941 SC4 S2\" id=\"t3r_136\">993 668 </span><span class=\"S2942 SC4 S2\" id=\"t3s_136\">3 283 103 </span><span class=\"S2943 SC4 S2\" id=\"t3t_136\">918 075 </span><span class=\"S2944 SC4 S2\" id=\"t3u_136\">-848 763 </span><span class=\"S2945 SC4 S2\" id=\"t3v_136\">4 346 083 </span><span class=\"S2946 SC4 S2\" id=\"t3w_136\">Net investments *** </span><span class=\"S2947 SC4 S2\" id=\"t3x_136\">210 319 </span><span class=\"S2948 SC4 S2\" id=\"t3y_136\">728 580 </span><span class=\"S2949 SC4 S2\" id=\"t3z_136\">158 043 </span><span class=\"S294A SC4 S2\" id=\"t40_136\">18 646 </span><span class=\"S294B SC4 S2\" id=\"t41_136\">1 115 588 </span><span class=\"S294C SC5 S2\" id=\"t42_136\">Depreciations on intangibles </span><span class=\"S294D SC5 S2\" id=\"t43_136\">29 137 </span><span class=\"S294E SC5 S2\" id=\"t44_136\">635 </span><span class=\"S294F SC5 S2\" id=\"t45_136\">3 787 </span><span class=\"S2950 SC5 S2\" id=\"t46_136\">0 </span><span class=\"S2951 SC5 S2\" id=\"t47_136\">33 559 </span><span class=\"S2952 SC5 S2\" id=\"t48_136\">Depreciation on right of use assets from credit institutions </span><span class=\"S2953 SC5 S2\" id=\"t49_136\">10 756 </span><span class=\"S2954 SC5 S2\" id=\"t4a_136\">183 702 </span><span class=\"S2955 SC5 S2\" id=\"t4b_136\">31 440 </span><span class=\"S2956 SC5 S2\" id=\"t4c_136\">0 </span><span class=\"S2957 SC5 S2\" id=\"t4d_136\">225 897 </span><span class=\"S2958 SC5 S2\" id=\"t4e_136\">Depreciation on \ufb01xed assets </span><span class=\"S2959 SC5 S2\" id=\"t4f_136\">164 265 </span><span class=\"S295A SC5 S2\" id=\"t4g_136\">461 730 </span><span class=\"S295B SC5 S2\" id=\"t4h_136\">112 205 </span><span class=\"S295C SC5 S2\" id=\"t4i_136\">4 223 </span><span class=\"S295D SC5 S2\" id=\"t4j_136\">742 423 </span><span class=\"S295E SC4 S2\" id=\"t4k_136\">Total depreciation exclusive RoU assets from others </span><span class=\"S295F SC4 S2\" id=\"t4l_136\">204 158 </span><span class=\"S2960 SC4 S2\" id=\"t4m_136\">646 067 </span><span class=\"S2961 SC4 S2\" id=\"t4n_136\">147 432 </span><span class=\"S2962 SC4 S2\" id=\"t4o_136\">4 223 </span><span class=\"S2963 SC4 S2\" id=\"t4p_136\">1 001 880 </span><span class=\"S2964 SC5 S2\" id=\"t4q_136\">Depreciation on right of use assets from others </span><span class=\"S2965 SC5 S2\" id=\"t4r_136\">3 381 </span><span class=\"S2966 SC5 S2\" id=\"t4s_136\">284 472 </span><span class=\"S2967 SC5 S2\" id=\"t4t_136\">28 361 </span><span class=\"S2968 SC5 S2\" id=\"t4u_136\">7 944 </span><span class=\"S2969 SC5 S2\" id=\"t4v_136\">324 159 </span><span class=\"S296A SC4 S2\" id=\"t4w_136\">Total depreciation </span><span class=\"S296B SC4 S2\" id=\"t4x_136\">207 539 </span><span class=\"S296C SC4 S2\" id=\"t4y_136\">930 539 </span><span class=\"S296D SC4 S2\" id=\"t4z_136\">175 793 </span><span class=\"S296E SC4 S2\" id=\"t50_136\">12 167 </span><span class=\"S296F SC4 S2\" id=\"t51_136\">1 326 039 </span><span class=\"S2970 SC5 S2\" id=\"t52_136\">Impairment loss on \ufb01xed assets </span><span class=\"S2971 SC5 S2\" id=\"t53_136\">0 </span><span class=\"S2972 SC4 S2\" id=\"t54_136\">Total impairment loss </span><span class=\"S2973 SC4 S2\" id=\"t55_136\">0 </span><span class=\"S2974 SC4 S2\" id=\"t56_136\">0 </span><span class=\"S2975 SC4 S2\" id=\"t57_136\">0 </span><span class=\"S2976 SC4 S2\" id=\"t58_136\">0 </span><span class=\"S2977 SC4 S2\" id=\"t59_136\">0 </span><span class=\"S2978 SAF1 S2\" id=\"t5a_136\">* </span><span class=\"S2979 SAF1 S2\" id=\"t5b_136\">Fair value adjustments related to biological assets </span><span class=\"S297A SAF1 S2\" id=\"t5c_136\">** </span><span class=\"S297B SAF1 S2\" id=\"t5d_136\">Including effect from changes in stock and corresponding elimination for internal pro\ufb01t. </span><span class=\"S297C SAF1 S2\" id=\"t5e_136\">*** Net investments consist of net addition for (1) \ufb01xed assets. (2) intangibles and (3) right-of-use assets from credit institutions. </span><span class=\"S297D SAF1 S2\" id=\"t5f_136\">Net investment is total purchase price paid for new assets minus sale price for disposed assets. </span><span class=\"S297E SAF1 S2\" id=\"t5g_136\">Right-of-use assets derived from leases with other than credit institutions are not considered to be investments. and are therefore not included. </span><span class=\"S297F SC4 S2\" id=\"t1_137\">Operating revenue </span><span class=\"S2980 SC4 S2\" id=\"t2_137\">2022 </span><span class=\"S2981 SC4 S2\" id=\"t3_137\">% </span><span class=\"S2982 SC4 S2\" id=\"t4_137\">2021 </span><span class=\"S2983 SC4 S2\" id=\"t5_137\">% </span><span class=\"S2984 SC5 S2\" id=\"t6_137\">Whole salmon </span><span class=\"S2985 SC5 S2\" id=\"t7_137\">10 756 195 </span><span class=\"S2986 SC5 S2\" id=\"t8_137\">40.4 </span><span class=\"S2987 SC5 S2\" id=\"t9_137\">8 655 536 </span><span class=\"S2988 SC5 S2\" id=\"ta_137\">37.5 </span><span class=\"S2989 SC5 S2\" id=\"tb_137\">Processed salmon </span><span class=\"S298A SC5 S2\" id=\"tc_137\">7 103 589 </span><span class=\"S298B SC5 S2\" id=\"td_137\">26.7 </span><span class=\"S298C SC5 S2\" id=\"te_137\">6 645 159 </span><span class=\"S298D SC5 S2\" id=\"tf_137\">28.8 </span><span class=\"S298E SC5 S2\" id=\"tg_137\">White\ufb01sh </span><span class=\"S298F SC5 S2\" id=\"th_137\">4 533 898 </span><span class=\"S2990 SC5 S2\" id=\"ti_137\">17.0 </span><span class=\"S2991 SC5 S2\" id=\"tj_137\">3 784 408 </span><span class=\"S2992 SC5 S2\" id=\"tk_137\">16.4 </span><span class=\"S2993 SC5 S2\" id=\"tl_137\">Trout </span><span class=\"S2994 SC5 S2\" id=\"tm_137\">2 011 780 </span><span class=\"S2995 SC5 S2\" id=\"tn_137\">7.6 </span><span class=\"S2996 SC5 S2\" id=\"to_137\">1 647 734 </span><span class=\"S2997 SC5 S2\" id=\"tp_137\">7.1 </span><span class=\"S2998 SC5 S2\" id=\"tq_137\">Shell\ufb01sh </span><span class=\"S2999 SC5 S2\" id=\"tr_137\">1 073 468 </span><span class=\"S299A SC5 S2\" id=\"ts_137\">4.0 </span><span class=\"S299B SC5 S2\" id=\"tt_137\">960 916 </span><span class=\"S299C SC5 S2\" id=\"tu_137\">4.2 </span><span class=\"S299D SC5 S2\" id=\"tv_137\">Pelagic </span><span class=\"S299E SC5 S2\" id=\"tw_137\">107 909 </span><span class=\"S299F SC5 S2\" id=\"tx_137\">0.4 </span><span class=\"S29A0 SC5 S2\" id=\"ty_137\">99 259 </span><span class=\"S29A1 SC5 S2\" id=\"tz_137\">0.4 </span><span class=\"S29A2 SC5 S2\" id=\"t10_137\">Other </span><span class=\"S29A3 SC5 S2\" id=\"t11_137\">1 059 040 </span><span class=\"S29A4 SC5 S2\" id=\"t12_137\">4.0 </span><span class=\"S29A5 SC5 S2\" id=\"t13_137\">1 280 268 </span><span class=\"S29A6 SC5 S2\" id=\"t14_137\">5.5 </span><span class=\"S29A7 SC4 S2\" id=\"t15_137\">Total operating revenue </span><span class=\"S29A8 SC4 S2\" id=\"t16_137\">26 645 877 </span><span class=\"S29A9 SC4 S2\" id=\"t17_137\">100.0 </span><span class=\"S29AA SC4 S2\" id=\"t18_137\">23 073 280 </span><span class=\"S29AB SC4 S2\" id=\"t19_137\">100.0 </span><span class=\"S29AC SC4 S2\" id=\"t1a_137\">Information on product area </span><span class=\"S29AD SC5 S2\" id=\"t1b_137\">Operating revenue in NOK by product area </span><span class=\"S29AE SC4 S2\" id=\"t1c_137\">2021 </span><span class=\"S29AF SC4 S2\" id=\"t1d_137\">North region </span><span class=\"S29B0 SC4 S2\" id=\"t1e_137\">(Ler\u00f8y </span><span class=\"S29B1 SC4 S2\" id=\"t1f_137\">Aurora) </span><span class=\"S29B2 SC4 S2\" id=\"t1g_137\">Central </span><span class=\"S29B3 SC4 S2\" id=\"t1h_137\">region (Ler\u00f8y </span><span class=\"S29B4 SC4 S2\" id=\"t1i_137\">Midt) </span><span class=\"S29B5 SC4 S2\" id=\"t1j_137\">West region </span><span class=\"S29B6 SC4 S2\" id=\"t1k_137\">(Ler\u00f8y </span><span class=\"S29B7 SC4 S2\" id=\"t1l_137\">Sj\u00f8troll) </span><span class=\"S29B8 SC4 S2\" id=\"t1m_137\">Elimination </span><span class=\"S29B9 SC4 S2\" id=\"t1n_137\">(group </span><span class=\"S29BA SC4 S2\" id=\"t1o_137\">purchases/ </span><span class=\"S29BB SC4 S2\" id=\"t1p_137\">sales) </span><span class=\"S29BC SC4 S2\" id=\"t1q_137\">Total </span><span class=\"S29BD SC4 S2\" id=\"t1r_137\">Farming </span><span class=\"S29BE SC5 S2\" id=\"t1s_137\">External operating revenue </span><span class=\"S29BF SC5 S2\" id=\"t1t_137\">228 506 </span><span class=\"S29C0 SC5 S2\" id=\"t1u_137\">63 096 </span><span class=\"S29C1 SC5 S2\" id=\"t1v_137\">31 735 </span><span class=\"S29C2 SC5 S2\" id=\"t1w_137\">323 337 </span><span class=\"S29C3 SC5 S2\" id=\"t1x_137\">Internal operating revenue </span><span class=\"S29C4 SC5 S2\" id=\"t1y_137\">2 312 241 </span><span class=\"S29C5 SC5 S2\" id=\"t1z_137\">4 078 011 </span><span class=\"S29C6 SC5 S2\" id=\"t20_137\">3 881 614 </span><span class=\"S29C7 SC5 S2\" id=\"t21_137\">-91 805 </span><span class=\"S29C8 SC5 S2\" id=\"t22_137\">10 180 062 </span><span class=\"S29C9 SC4 S2\" id=\"t23_137\">Total operating revenue </span><span class=\"S29CA SC4 S2\" id=\"t24_137\">2 540 748 </span><span class=\"S29CB SC4 S2\" id=\"t25_137\">4 141 107 </span><span class=\"S29CC SC4 S2\" id=\"t26_137\">3 913 350 </span><span class=\"S29CD SC4 S2\" id=\"t27_137\">-91 805 </span><span class=\"S29CE SC4 S2\" id=\"t28_137\">10 503 400 </span><span class=\"S29CF SC5 S2\" id=\"t29_137\">Other gains and losses </span><span class=\"S29D0 SC5 S2\" id=\"t2a_137\">0 </span><span class=\"S29D1 SC5 S2\" id=\"t2b_137\">1 351 </span><span class=\"S29D2 SC5 S2\" id=\"t2c_137\">5 857 </span><span class=\"S29D3 SC5 S2\" id=\"t2d_137\">0 </span><span class=\"S29D4 SC5 S2\" id=\"t2e_137\">7 210 </span><span class=\"S29D5 SC5 S2\" id=\"t2f_137\">Operating expenses </span><span class=\"S29D6 SC5 S2\" id=\"t2g_137\">2 095 859 </span><span class=\"S29D7 SC5 S2\" id=\"t2h_137\">3 304 811 </span><span class=\"S29D8 SC5 S2\" id=\"t2i_137\">3 435 083 </span><span class=\"S29D9 SC5 S2\" id=\"t2j_137\">-92 875 </span><span class=\"S29DA SC5 S2\" id=\"t2k_137\">8 742 880 </span><span class=\"S29DB SC4 S2\" id=\"t2l_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S29DC SC4 S2\" id=\"t2m_137\">444 888 </span><span class=\"S29DD SC4 S2\" id=\"t2n_137\">837 647 </span><span class=\"S29DE SC4 S2\" id=\"t2o_137\">484 124 </span><span class=\"S29DF SC4 S2\" id=\"t2p_137\">1 070 </span><span class=\"S29E0 SC4 S2\" id=\"t2q_137\">1 767 730 </span><span class=\"S29E1 SC5 S2\" id=\"t2r_137\">Volume salmon (GWT)* </span><span class=\"S29E2 SC5 S2\" id=\"t2s_137\">43 963 </span><span class=\"S29E3 SC5 S2\" id=\"t2t_137\">72 623 </span><span class=\"S29E4 SC5 S2\" id=\"t2u_137\">44 956 </span><span class=\"S29E5 SC5 S2\" id=\"t2v_137\">161 542 </span><span class=\"S29E6 SC5 S2\" id=\"t2w_137\">Volume trout (GWT) </span><span class=\"S29E7 SC5 S2\" id=\"t2x_137\">25 093 </span><span class=\"S29E8 SC5 S2\" id=\"t2y_137\">25 093 </span><span class=\"S29E9 SC4 S2\" id=\"t2z_137\">Total volume </span><span class=\"S29EA SC4 S2\" id=\"t30_137\">43 963 </span><span class=\"S29EB SC4 S2\" id=\"t31_137\">72 623 </span><span class=\"S29EC SC4 S2\" id=\"t32_137\">70 049 </span><span class=\"S29ED SC4 S2\" id=\"t33_137\">186 635 </span><span class=\"S29EE SC4 S2\" id=\"t34_137\">EBIT/kg ** </span><span class=\"S29EF SC4 S2\" id=\"t35_137\">10.1 </span><span class=\"S29F0 SC4 S2\" id=\"t36_137\">11.5 </span><span class=\"S29F1 SC4 S2\" id=\"t37_137\">6.9 </span><span class=\"S29F2 SC4 S2\" id=\"t38_137\">0.0 </span><span class=\"S29F3 SC4 S2\" id=\"t39_137\">9.5 </span><span class=\"S29F4 SC4 S2\" id=\"t3a_137\">2022 </span><span class=\"S29F5 SC4 S2\" id=\"t3b_137\">North region </span><span class=\"S29F6 SC4 S2\" id=\"t3c_137\">(Ler\u00f8y </span><span class=\"S29F7 SC4 S2\" id=\"t3d_137\">Aurora) </span><span class=\"S29F8 SC4 S2\" id=\"t3e_137\">Central </span><span class=\"S29F9 SC4 S2\" id=\"t3f_137\">region (Ler\u00f8y </span><span class=\"S29FA SC4 S2\" id=\"t3g_137\">Midt) </span><span class=\"S29FB SC4 S2\" id=\"t3h_137\">West region </span><span class=\"S29FC SC4 S2\" id=\"t3i_137\">(Ler\u00f8y </span><span class=\"S29FD SC4 S2\" id=\"t3j_137\">Sj\u00f8troll) </span><span class=\"S29FE SC4 S2\" id=\"t3k_137\">Elimination </span><span class=\"S29FF SC4 S2\" id=\"t3l_137\">(group </span><span class=\"S2A00 SC4 S2\" id=\"t3m_137\">purchases/ </span><span class=\"S2A01 SC4 S2\" id=\"t3n_137\">sales) </span><span class=\"S2A02 SC4 S2\" id=\"t3o_137\">Total </span><span class=\"S2A03 SC4 S2\" id=\"t3p_137\">Farming </span><span class=\"S2A04 SC5 S2\" id=\"t3q_137\">External operating revenue </span><span class=\"S2A05 SC5 S2\" id=\"t3r_137\">115 552 </span><span class=\"S2A06 SC5 S2\" id=\"t3s_137\">63 927 </span><span class=\"S2A07 SC5 S2\" id=\"t3t_137\">68 494 </span><span class=\"S2A08 SC5 S2\" id=\"t3u_137\">247 973 </span><span class=\"S2A09 SC5 S2\" id=\"t3v_137\">Internal operating revenue </span><span class=\"S2A0A SC5 S2\" id=\"t3w_137\">2 682 656 </span><span class=\"S2A0B SC5 S2\" id=\"t3x_137\">4 954 440 </span><span class=\"S2A0C SC5 S2\" id=\"t3y_137\">4 624 657 </span><span class=\"S2A0D SC5 S2\" id=\"t3z_137\">-65 612 </span><span class=\"S2A0E SC5 S2\" id=\"t40_137\">12 196 140 </span><span class=\"S2A0F SC4 S2\" id=\"t41_137\">Total operating revenue </span><span class=\"S2A10 SC4 S2\" id=\"t42_137\">2 798 208 </span><span class=\"S2A11 SC4 S2\" id=\"t43_137\">5 018 367 </span><span class=\"S2A12 SC4 S2\" id=\"t44_137\">4 693 151 </span><span class=\"S2A13 SC4 S2\" id=\"t45_137\">-65 612 </span><span class=\"S2A14 SC4 S2\" id=\"t46_137\">12 444 113 </span><span class=\"S2A15 SC5 S2\" id=\"t47_137\">Other gains and losses </span><span class=\"S2A16 SC5 S2\" id=\"t48_137\">350 </span><span class=\"S2A17 SC5 S2\" id=\"t49_137\">3 006 </span><span class=\"S2A18 SC5 S2\" id=\"t4a_137\">4 407 </span><span class=\"S2A19 SC5 S2\" id=\"t4b_137\">7 764 </span><span class=\"S2A1A SC5 S2\" id=\"t4c_137\">Operating expenses </span><span class=\"S2A1B SC5 S2\" id=\"t4d_137\">2 058 409 </span><span class=\"S2A1C SC5 S2\" id=\"t4e_137\">3 547 305 </span><span class=\"S2A1D SC5 S2\" id=\"t4f_137\">3 769 491 </span><span class=\"S2A1E SC5 S2\" id=\"t4g_137\">-68 445 </span><span class=\"S2A1F SC5 S2\" id=\"t4h_137\">9 306 761 </span><span class=\"S2A20 SC4 S2\" id=\"t4i_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S2A21 SC4 S2\" id=\"t4j_137\">740 149 </span><span class=\"S2A22 SC4 S2\" id=\"t4k_137\">1 474 068 </span><span class=\"S2A23 SC4 S2\" id=\"t4l_137\">928 067 </span><span class=\"S2A24 SC4 S2\" id=\"t4m_137\">2 833 </span><span class=\"S2A25 SC4 S2\" id=\"t4n_137\">3 145 116 </span><span class=\"S2A26 SC5 S2\" id=\"t4o_137\">Volume salmon (GWT)* </span><span class=\"S2A27 SC5 S2\" id=\"t4p_137\">40 109 </span><span class=\"S2A28 SC5 S2\" id=\"t4q_137\">68 793 </span><span class=\"S2A29 SC5 S2\" id=\"t4r_137\">43 040 </span><span class=\"S2A2A SC5 S2\" id=\"t4s_137\">151 942 </span><span class=\"S2A2B SC5 S2\" id=\"t4t_137\">Volume trout (GWT) </span><span class=\"S2A2C SC5 S2\" id=\"t4u_137\">22 687 </span><span class=\"S2A2D SC5 S2\" id=\"t4v_137\">22 687 </span><span class=\"S2A2E SC4 S2\" id=\"t4w_137\">Total volume </span><span class=\"S2A2F SC4 S2\" id=\"t4x_137\">40 109 </span><span class=\"S2A30 SC4 S2\" id=\"t4y_137\">68 793 </span><span class=\"S2A31 SC4 S2\" id=\"t4z_137\">65 727 </span><span class=\"S2A32 SC4 S2\" id=\"t50_137\">174 629 </span><span class=\"S2A33 SC4 S2\" id=\"t51_137\">EBIT/kg ** </span><span class=\"S2A34 SC4 S2\" id=\"t52_137\">18.5 </span><span class=\"S2A35 SC4 S2\" id=\"t53_137\">21.4 </span><span class=\"S2A36 SC4 S2\" id=\"t54_137\">14.1 </span><span class=\"S2A37 SC4 S2\" id=\"t55_137\">0.0 </span><span class=\"S2A38 SC4 S2\" id=\"t56_137\">18.0 </span><span class=\"S2A39 SAF1 S2\" id=\"t57_137\">* GWT = Gutted weight in tonnes </span><span class=\"S2A3A SAF1 S2\" id=\"t58_137\">** Before fair value adjustments related to biological assets </span><span class=\"S2A3B SC7 S2\" id=\"t59_137\">Speci\ufb01cation per region within Farming </span><span class=\"S2A3D SC4 S2\" id=\"t1_138\">Operating revenue </span><span class=\"S2A3E SC4 S2\" id=\"t2_138\">2022 </span><span class=\"S2A3F SC4 S2\" id=\"t3_138\">% </span><span class=\"S2A40 SC4 S2\" id=\"t4_138\">2021 </span><span class=\"S2A41 SC4 S2\" id=\"t5_138\">% </span><span class=\"S2A42 SC5 S2\" id=\"t6_138\">NOK </span><span class=\"S2A43 SC5 S2\" id=\"t7_138\">8 540 963 </span><span class=\"S2A44 SC5 S2\" id=\"t8_138\">32.1 </span><span class=\"S2A45 SC5 S2\" id=\"t9_138\">4 104 922 </span><span class=\"S2A46 SC5 S2\" id=\"ta_138\">17.8 </span><span class=\"S2A47 SC5 S2\" id=\"tb_138\">SEK </span><span class=\"S2A48 SC5 S2\" id=\"tc_138\">1 042 588 </span><span class=\"S2A49 SC5 S2\" id=\"td_138\">3.9 </span><span class=\"S2A4A SC5 S2\" id=\"te_138\">1 356 456 </span><span class=\"S2A4B SC5 S2\" id=\"tf_138\">5.9 </span><span class=\"S2A4C SC5 S2\" id=\"tg_138\">DKK </span><span class=\"S2A4D SC5 S2\" id=\"th_138\">476 661 </span><span class=\"S2A4E SC5 S2\" id=\"ti_138\">1.8 </span><span class=\"S2A4F SC5 S2\" id=\"tj_138\">542 686 </span><span class=\"S2A50 SC5 S2\" id=\"tk_138\">2.4 </span><span class=\"S2A51 SC5 S2\" id=\"tl_138\">GBP </span><span class=\"S2A52 SC5 S2\" id=\"tm_138\">215 113 </span><span class=\"S2A53 SC5 S2\" id=\"tn_138\">0.8 </span><span class=\"S2A54 SC5 S2\" id=\"to_138\">286 593 </span><span class=\"S2A55 SC5 S2\" id=\"tp_138\">1.2 </span><span class=\"S2A56 SC5 S2\" id=\"tq_138\">EUR </span><span class=\"S2A57 SC5 S2\" id=\"tr_138\">10 641 559 </span><span class=\"S2A58 SC5 S2\" id=\"ts_138\">39.9 </span><span class=\"S2A59 SC5 S2\" id=\"tt_138\">11 307 533 </span><span class=\"S2A5A SC5 S2\" id=\"tu_138\">49.0 </span><span class=\"S2A5B SC5 S2\" id=\"tv_138\">USD </span><span class=\"S2A5C SC5 S2\" id=\"tw_138\">4 360 101 </span><span class=\"S2A5D SC5 S2\" id=\"tx_138\">16.4 </span><span class=\"S2A5E SC5 S2\" id=\"ty_138\">4 226 584 </span><span class=\"S2A5F SC5 S2\" id=\"tz_138\">18.3 </span><span class=\"S2A60 SC5 S2\" id=\"t10_138\">JPY </span><span class=\"S2A61 SC5 S2\" id=\"t11_138\">1 028 364 </span><span class=\"S2A62 SC5 S2\" id=\"t12_138\">3.9 </span><span class=\"S2A63 SC5 S2\" id=\"t13_138\">996 289 </span><span class=\"S2A64 SC5 S2\" id=\"t14_138\">4.3 </span><span class=\"S2A65 SC5 S2\" id=\"t15_138\">Other currency </span><span class=\"S2A66 SC5 S2\" id=\"t16_138\">340 529 </span><span class=\"S2A67 SC5 S2\" id=\"t17_138\">1.3 </span><span class=\"S2A68 SC5 S2\" id=\"t18_138\">252 217 </span><span class=\"S2A69 SC5 S2\" id=\"t19_138\">1.1 </span><span class=\"S2A6A SC4 S2\" id=\"t1a_138\">Total operating revenue </span><span class=\"S2A6B SC4 S2\" id=\"t1b_138\">26 645 877 </span><span class=\"S2A6C SC4 S2\" id=\"t1c_138\">100.0 </span><span class=\"S2A6D SC4 S2\" id=\"t1d_138\">23 073 280 </span><span class=\"S2A6E SC4 S2\" id=\"t1e_138\">100.0 </span><span class=\"S2A6F SC5 S2\" id=\"t1f_138\">Sales in foreign currency from Group companies in Norway normally take place at an approximate transaction rate (week rates). However, </span><span class=\"S2A70 SC5 S2\" id=\"t1g_138\">contractual sales are hedged and the sales revenue is adjusted with the effect from the currency forward contracts. Sales from foreign Group </span><span class=\"S2A71 SC5 S2\" id=\"t1h_138\">companies in foreign currency are in principle translated to NOK on the basis of the accumulated monthly average exchange rate in the </span><span class=\"S2A72 SC5 S2\" id=\"t1i_138\">accounting period. </span><span class=\"S2A73 SC4 S2\" id=\"t1j_138\">Operating revenue </span><span class=\"S2A74 SC4 S2\" id=\"t1k_138\">2022 </span><span class=\"S2A75 SC4 S2\" id=\"t1l_138\">% </span><span class=\"S2A76 SC4 S2\" id=\"t1m_138\">2021 </span><span class=\"S2A77 SC4 S2\" id=\"t1n_138\">% </span><span class=\"S2A78 SC5 S2\" id=\"t1o_138\">EU </span><span class=\"S2A79 SC5 S2\" id=\"t1p_138\">14 517 993 </span><span class=\"S2A7A SC5 S2\" id=\"t1q_138\">54.5 </span><span class=\"S2A7B SC5 S2\" id=\"t1r_138\">12 331 718 </span><span class=\"S2A7C SC5 S2\" id=\"t1s_138\">53.4 </span><span class=\"S2A7D SC5 S2\" id=\"t1t_138\">Norway </span><span class=\"S2A7E SC5 S2\" id=\"t1u_138\">4 525 572 </span><span class=\"S2A7F SC5 S2\" id=\"t1v_138\">17.0 </span><span class=\"S2A80 SC5 S2\" id=\"t1w_138\">4 092 113 </span><span class=\"S2A81 SC5 S2\" id=\"t1x_138\">17.7 </span><span class=\"S2A82 SC5 S2\" id=\"t1y_138\">Asia </span><span class=\"S2A83 SC5 S2\" id=\"t1z_138\">4 543 804 </span><span class=\"S2A84 SC5 S2\" id=\"t20_138\">17.1 </span><span class=\"S2A85 SC5 S2\" id=\"t21_138\">3 731 470 </span><span class=\"S2A86 SC5 S2\" id=\"t22_138\">16.2 </span><span class=\"S2A87 SC5 S2\" id=\"t23_138\">USA &amp; Canada </span><span class=\"S2A88 SC5 S2\" id=\"t24_138\">1 307 861 </span><span class=\"S2A89 SC5 S2\" id=\"t25_138\">4.9 </span><span class=\"S2A8A SC5 S2\" id=\"t26_138\">1 108 699 </span><span class=\"S2A8B SC5 S2\" id=\"t27_138\">4.8 </span><span class=\"S2A8C SC5 S2\" id=\"t28_138\">Rest of Europe </span><span class=\"S2A8D SC5 S2\" id=\"t29_138\">1 536 227 </span><span class=\"S2A8E SC5 S2\" id=\"t2a_138\">5.8 </span><span class=\"S2A8F SC5 S2\" id=\"t2b_138\">1 655 344 </span><span class=\"S2A90 SC5 S2\" id=\"t2c_138\">7.2 </span><span class=\"S2A91 SC5 S2\" id=\"t2d_138\">Other </span><span class=\"S2A92 SC5 S2\" id=\"t2e_138\">214 421 </span><span class=\"S2A93 SC5 S2\" id=\"t2f_138\">0.8 </span><span class=\"S2A94 SC5 S2\" id=\"t2g_138\">153 937 </span><span class=\"S2A95 SC5 S2\" id=\"t2h_138\">0.7 </span><span class=\"S2A96 SC4 S2\" id=\"t2i_138\">Total operating revenue </span><span class=\"S2A97 SC4 S2\" id=\"t2j_138\">26 645 877 </span><span class=\"S2A98 SC4 S2\" id=\"t2k_138\">100.0 </span><span class=\"S2A99 SC4 S2\" id=\"t2l_138\">23 073 280 </span><span class=\"S2A9A SC4 S2\" id=\"t2m_138\">100.0 </span><span class=\"S2A9B SC4 S2\" id=\"t2n_138\">Assets </span><span class=\"S2A9C SC4 S2\" id=\"t2o_138\">2022 </span><span class=\"S2A9D SC4 S2\" id=\"t2p_138\">% </span><span class=\"S2A9E SC4 S2\" id=\"t2q_138\">2021 </span><span class=\"S2A9F SC4 S2\" id=\"t2r_138\">% </span><span class=\"S2AA0 SC5 S2\" id=\"t2s_138\">Norway * </span><span class=\"S2AA1 SC5 S2\" id=\"t2t_138\">33 416 210 </span><span class=\"S2AA2 SC5 S2\" id=\"t2u_138\">90.2 </span><span class=\"S2AA3 SC5 S2\" id=\"t2v_138\">31 380 808 </span><span class=\"S2AA4 SC5 S2\" id=\"t2w_138\">91.8 </span><span class=\"S2AA5 SC5 S2\" id=\"t2x_138\">EU </span><span class=\"S2AA6 SC5 S2\" id=\"t2y_138\">3 447 441 </span><span class=\"S2AA7 SC5 S2\" id=\"t2z_138\">9.3 </span><span class=\"S2AA8 SC5 S2\" id=\"t30_138\">2 666 726 </span><span class=\"S2AA9 SC5 S2\" id=\"t31_138\">7.8 </span><span class=\"S2AAA SC5 S2\" id=\"t32_138\">Other countries </span><span class=\"S2AAB SC5 S2\" id=\"t33_138\">198 009 </span><span class=\"S2AAC SC5 S2\" id=\"t34_138\">0.5 </span><span class=\"S2AAD SC5 S2\" id=\"t35_138\">146 174 </span><span class=\"S2AAE SC5 S2\" id=\"t36_138\">0.4 </span><span class=\"S2AAF SC4 S2\" id=\"t37_138\">Total assets </span><span class=\"S2AB0 SC4 S2\" id=\"t38_138\">37 061 660 </span><span class=\"S2AB1 SC4 S2\" id=\"t39_138\">100.0 </span><span class=\"S2AB2 SC4 S2\" id=\"t3a_138\">34 193 708 </span><span class=\"S2AB3 SC4 S2\" id=\"t3b_138\">100.0 </span><span class=\"S2AB4 SAF1 S2\" id=\"t3c_138\">* Most of the trade receivables in the subsidiary Ler\u00f8y Seafood AS are from customers abroad. At year-end (year end previous year) this amounted </span><span class=\"S2AB5 SAF1 S2\" id=\"t3d_138\">to NOK 1,137,881 out of NOK 1,378,330 (NOK 988,595 out of NOK 1,130,311). Most of the trade receivables are covered by credit insurance. </span><span class=\"S2AB6 SC4 S2\" id=\"t3e_138\">Net investments </span><span class=\"S2AB7 SC4 S2\" id=\"t3f_138\">2022 </span><span class=\"S2AB8 SC4 S2\" id=\"t3g_138\">% </span><span class=\"S2AB9 SC4 S2\" id=\"t3h_138\">2021 </span><span class=\"S2ABA SC4 S2\" id=\"t3i_138\">% </span><span class=\"S2ABB SC5 S2\" id=\"t3j_138\">Norway </span><span class=\"S2ABC SC5 S2\" id=\"t3k_138\">978 780 </span><span class=\"S2ABD SC5 S2\" id=\"t3l_138\">87.7 </span><span class=\"S2ABE SC5 S2\" id=\"t3m_138\">1 083 482 </span><span class=\"S2ABF SC5 S2\" id=\"t3n_138\">91.6 </span><span class=\"S2AC0 SC5 S2\" id=\"t3o_138\">EU </span><span class=\"S2AC1 SC5 S2\" id=\"t3p_138\">135 649 </span><span class=\"S2AC2 SC5 S2\" id=\"t3q_138\">12.2 </span><span class=\"S2AC3 SC5 S2\" id=\"t3r_138\">98 787 </span><span class=\"S2AC4 SC5 S2\" id=\"t3s_138\">8.4 </span><span class=\"S2AC5 SC5 S2\" id=\"t3t_138\">Other countries </span><span class=\"S2AC6 SC5 S2\" id=\"t3u_138\">1 159 </span><span class=\"S2AC7 SC5 S2\" id=\"t3v_138\">0.1 </span><span class=\"S2AC8 SC5 S2\" id=\"t3w_138\">169 </span><span class=\"S2AC9 SC5 S2\" id=\"t3x_138\">0.0 </span><span class=\"S2ACA SC4 S2\" id=\"t3y_138\">Total assets </span><span class=\"S2ACB SC4 S2\" id=\"t3z_138\">1 115 588 </span><span class=\"S2ACC SC4 S2\" id=\"t40_138\">100.0 </span><span class=\"S2ACD SC4 S2\" id=\"t41_138\">1 182 438 </span><span class=\"S2ACE SC4 S2\" id=\"t42_138\">100.0 </span><span class=\"S2ACF SC4 S2\" id=\"t43_138\">Information on currency </span><span class=\"S2AD0 SC5 S2\" id=\"t44_138\">Operating revenue in NOK by currency </span><span class=\"S2AD1 SC4 S2\" id=\"t45_138\">Information on geographic areas </span><span class=\"S2AD2 SC5 S2\" id=\"t46_138\">Sales are allocated to the customers\u2019 home country. Assets and investments are distributed according to geographical location. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f11463": {
   "value": "<span class=\"S2265 SC7 S2\" id=\"t22_126\">Net-interest-bearing debt (NIBD) </span><span class=\"S2266 SC8 S2\" id=\"t23_126\">NIBD is an APM utilized by the Group. </span><span class=\"S2267 SC8 S2\" id=\"t24_126\">The \ufb01gure shows how much capital </span><span class=\"S2268 SC8 S2\" id=\"t25_126\">the Group employs and is an important </span><span class=\"S2269 SC8 S2\" id=\"t26_126\">key \ufb01gure for stakeholders who are </span><span class=\"S226A SC8 S2\" id=\"t27_126\">planning to grant \ufb01nancing to the </span><span class=\"S226B SC8 S2\" id=\"t28_126\">Group and for stakeholders who </span><span class=\"S226C SC8 S2\" id=\"t29_126\">want to value the company. NIBD is </span><span class=\"S226D SC8 S2\" id=\"t2a_126\">de\ufb01ned as interest-bearing </span><span class=\"S226E SC8 S2\" id=\"t2b_126\">commitments, both short-term and </span><span class=\"S226F SC8 S2\" id=\"t2c_126\">long-term, to persons or institutions </span><span class=\"S2270 SC8 S2\" id=\"t2d_126\">with the main purpose of providing </span><span class=\"S2271 SC8 S2\" id=\"t2e_126\">\ufb01nancing and/or credit, minus interest- </span><span class=\"S2272 SC8 S2\" id=\"t2f_126\">bearing cash or cash equivalents. </span><span class=\"S2273 SC8 S2\" id=\"t2g_126\">\u00a0</span><span class=\"S2274 SC8 S2\" id=\"t2h_126\">Since NIBD is an APM, with no common </span><span class=\"S2275 SC8 S2\" id=\"t2i_126\">de\ufb01nition from IFRS, different </span><span class=\"S2276 SC8 S2\" id=\"t2j_126\">de\ufb01nitions and versions of this APM </span><span class=\"S2277 SC8 S2\" id=\"t2k_126\">exist today in the reporting from the </span><span class=\"S2278 SC8 S2\" id=\"t2l_126\">companies. The most important </span><span class=\"S2279 SC8 S2\" id=\"t2m_126\">difference relates to the recognition </span><span class=\"S227A SC8 S2\" id=\"t2n_126\">of lease liabilities. Some companies </span><span class=\"S227B SC8 S2\" id=\"t2o_126\">include all lease liabilities in NIBD. </span><span class=\"S227C SC8 S2\" id=\"t2p_126\">Other companies exclude all lease </span><span class=\"S227D SC8 S2\" id=\"t2q_126\">liabilities from their NIBD. And some </span><span class=\"S227E SC8 S2\" id=\"t2r_126\">use a combination. Therefore, it is </span><span class=\"S227F SC8 S2\" id=\"t2s_126\">important to be aware of this </span><span class=\"S2280 SC8 S2\" id=\"t2t_126\">difference when comparing between </span><span class=\"S2281 SC8 S2\" id=\"t2u_126\">companies. Ler\u00f8y Seafood Group use </span><span class=\"S2282 SC8 S2\" id=\"t2v_126\">a combination, with an approach </span><span class=\"S2283 SC8 S2\" id=\"t2w_126\">that distinct between lease liabilities </span><span class=\"S2284 SC8 S2\" id=\"t2x_126\">derived from a \ufb01nancing purpose </span><span class=\"S2285 SC8 S2\" id=\"t2y_126\">and lease liabilities that are not. </span><span class=\"S2286 SC8 S2\" id=\"t2z_126\">In practice, this distinction is based on </span><span class=\"S2287 SC8 S2\" id=\"t30_126\">what kind of party the company has </span><span class=\"S2288 SC8 S2\" id=\"t31_126\">made the leasing agreement with. </span><span class=\"S2289 SC8 S2\" id=\"t32_126\">On the date of implementation of </span><span class=\"S228A SC8 S2\" id=\"t33_126\">IFRS 16, the Group`s \ufb01nancial leasing </span><span class=\"S228B SC8 S2\" id=\"t34_126\">liabilities was almost only with credit </span><span class=\"S228C SC8 S2\" id=\"t35_126\">institutions, with the main purpose of </span><span class=\"S228D SC8 S2\" id=\"t36_126\">providing the Group \ufb01nancing. These </span><span class=\"S228E SC8 S2\" id=\"t37_126\">agreements shared the principle that </span><span class=\"S228F SC8 S2\" id=\"t38_126\">the duration of the lease period </span><span class=\"S2290 SC8 S2\" id=\"t39_126\">covered most of the economic lifetime </span><span class=\"S2291 SC8 S2\" id=\"t3a_126\">of the asset involved. When it comes </span><span class=\"S2292 SC8 S2\" id=\"t3b_126\">to the operational leasing liabilities, </span><span class=\"S2293 SC8 S2\" id=\"t3c_126\">these agreements did nearly only </span><span class=\"S2294 SC8 S2\" id=\"t3d_126\">concern rentals for well-boats and </span><span class=\"S2295 SC8 S2\" id=\"t3e_126\">buildings, from shipping companies </span><span class=\"S2296 SC8 S2\" id=\"t3f_126\">and real estate developers, where </span><span class=\"S2299 SC8 S2\" id=\"t1_127\">de\ufb01nition of NIBD. </span><span class=\"S229A SC8 S2\" id=\"t2_127\">Lease liabilities to credit institutions </span><span class=\"S229B SC8 S2\" id=\"t3_127\">are included in NIBD and the Group`s </span><span class=\"S229C SC8 S2\" id=\"t4_127\">communication of changes in NIBD, </span><span class=\"S1DC7 SC8 S2\" id=\"t5_127\">while lease liabilities to others than </span><span class=\"S229D SC8 S2\" id=\"t6_127\">credit institutions are not included. </span><span class=\"S229E SC8 S2\" id=\"t7_127\">The corresponding right-of-use assets </span><span class=\"S229F SC8 S2\" id=\"t8_127\">from leases with credit institutions are </span><span class=\"S22A0 SC8 S2\" id=\"t9_127\">included in the Group`s communication </span><span class=\"S22A1 SC8 S2\" id=\"ta_127\">of investments, while right-of-use </span><span class=\"S22A2 SC8 S2\" id=\"tb_127\">assets from leases with others than </span><span class=\"S1DCE SC8 S2\" id=\"tc_127\">credit institutions are not included. </span><span class=\"S22A3 SC8 S2\" id=\"td_127\">Thus, the de\ufb01nition ensures symmetry </span><span class=\"S22A4 SC8 S2\" id=\"te_127\">between what`s reported as the </span><span class=\"S22A5 SC8 S2\" id=\"tf_127\">Group`s investments and the </span><span class=\"S22A6 SC8 S2\" id=\"tg_127\">accompanying information on how </span><span class=\"S22A7 SC8 S2\" id=\"th_127\">this has been \ufb01nanced. The Group`s </span><span class=\"S22A8 SC8 S2\" id=\"ti_127\">NIBD is therefore not impacted from </span><span class=\"S22A9 SC8 S2\" id=\"tj_127\">the type of \ufb01nancing, in terms of loans </span><span class=\"S22AA SC8 S2\" id=\"tk_127\">versus leases. This approach also </span><span class=\"S22AB SC8 S2\" id=\"tl_127\">ensures an NIBD basically unimpacted </span><span class=\"S22AC SC8 S2\" id=\"tm_127\">from the implementation of IFRS 16 in </span><span class=\"S22AD SC8 S2\" id=\"tn_127\">2019. This implies that the Group`s key </span><span class=\"S22AE SC8 S2\" id=\"to_127\">\ufb01nancial \ufb01gures that includes NIBD in </span><span class=\"S22AF SC8 S2\" id=\"tp_127\">the calculation, still are comparable </span><span class=\"S22B0 SC8 S2\" id=\"tq_127\">over time. </span><span class=\"S22B1 SC8 S2\" id=\"tr_127\">\ufb01nancing was not the purpose, and </span><span class=\"S21BD SC8 S2\" id=\"ts_127\">where the rental period was much </span><span class=\"S22B2 SC8 S2\" id=\"tt_127\">shorter than the economic lifetime of </span><span class=\"S22B3 SC8 S2\" id=\"tu_127\">the asset involved. </span><span class=\"S22B4 SC8 S2\" id=\"tv_127\">In the Group`s communication to the </span><span class=\"S22B5 SC8 S2\" id=\"tw_127\">capital market about how much cash </span><span class=\"S22B6 SC8 S2\" id=\"tx_127\">the Group has spent on investments, </span><span class=\"S22B7 SC8 S2\" id=\"ty_127\">and how this is \ufb01nanced, this </span><span class=\"S22B8 SC8 S2\" id=\"tz_127\">distinction is of relevance. Therefore, </span><span class=\"S22B9 SC8 S2\" id=\"t10_127\">this distinction between leases with </span><span class=\"S22BA SC8 S2\" id=\"t11_127\">credit institutions and leases with </span><span class=\"S22BB SC8 S2\" id=\"t12_127\">others than credit institutions is </span><span class=\"S22BC SC8 S2\" id=\"t13_127\">established and included in the Group`s </span><span class=\"S22BD SC4 S2\" id=\"t14_127\">Lease liability consists of </span><span class=\"S22BE SC4 S2\" id=\"t15_127\">31.12.2022 </span><span class=\"S22BF SC4 S2\" id=\"t16_127\">31.12.2021 </span><span class=\"S22C0 SC5 S2\" id=\"t17_127\">Lease liabilities to credit institutions </span><span class=\"S22C1 SC5 S2\" id=\"t18_127\">1 213 715 </span><span class=\"S22C2 SC5 S2\" id=\"t19_127\">1 236 528 </span><span class=\"S22C3 SC5 S2\" id=\"t1a_127\">Lease liabilities to other than credit institutions </span><span class=\"S22C4 SC5 S2\" id=\"t1b_127\">1 542 520 </span><span class=\"S22C5 SC5 S2\" id=\"t1c_127\">1 322 541 </span><span class=\"S22C6 SC4 S2\" id=\"t1d_127\">Total lease liabilities </span><span class=\"S22C7 SC4 S2\" id=\"t1e_127\">2 756 235 </span><span class=\"S22C8 SC4 S2\" id=\"t1f_127\">2 559 069 </span><span class=\"S22C9 SC4 S2\" id=\"t1g_127\">Components included in NIBD </span><span class=\"S22CA SC4 S2\" id=\"t1h_127\">31.12.2022 </span><span class=\"S22CB SC4 S2\" id=\"t1i_127\">31.12.2021 </span><span class=\"S22CC SC5 S2\" id=\"t1j_127\">Bond loans </span><span class=\"S22CD SC5 S2\" id=\"t1k_127\">1 493 656 </span><span class=\"S22CE SC5 S2\" id=\"t1l_127\">1 492 431 </span><span class=\"S22CF SC5 S2\" id=\"t1m_127\">Loans from credit institutions </span><span class=\"S22D0 SC5 S2\" id=\"t1n_127\">3 836 664 </span><span class=\"S22D1 SC5 S2\" id=\"t1o_127\">4 186 882 </span><span class=\"S22D2 SC5 S2\" id=\"t1p_127\">Lease liabilities to credit institutions </span><span class=\"S22D3 SC5 S2\" id=\"t1q_127\">1 213 715 </span><span class=\"S22D4 SC5 S2\" id=\"t1r_127\">1 236 528 </span><span class=\"S22D5 SC5 S2\" id=\"t1s_127\">Other long term loans </span><span class=\"S22D6 SC5 S2\" id=\"t1t_127\">2 145 </span><span class=\"S22D7 SC5 S2\" id=\"t1u_127\">2 402 </span><span class=\"S22D8 SC5 S2\" id=\"t1v_127\">Overdraft and other short term credit </span><span class=\"S22D9 SC5 S2\" id=\"t1w_127\">1 104 780 </span><span class=\"S22DA SC5 S2\" id=\"t1x_127\">582 390 </span><span class=\"S22DB SC5 S2\" id=\"t1y_127\">Bank deposits and cash </span><span class=\"S22DC SC5 S2\" id=\"t1z_127\">-3 304 878 </span><span class=\"S22DD SC5 S2\" id=\"t20_127\">-4 203 146 </span><span class=\"S22DE SC4 S2\" id=\"t21_127\">Net interest bearing debt (NIBD) </span><span class=\"S22DF SC4 S2\" id=\"t22_127\">4 346 083 </span><span class=\"S22E0 SC4 S2\" id=\"t23_127\">3 297 487 </span><span class=\"S22E1 SAF1 S2\" id=\"t24_127\">See note on debt, mortgages and guarantees for an overview of \ufb02ows in the period. </span><span class=\"S22E2 SAF1 S2\" id=\"t25_127\">It is referred to this APM in the Board of Director`s Report, in key \ufb01gures and in the note on loans, mortgages and guarantees. </span><span class=\"S22E3 SC4 S2\" id=\"t26_127\">3 different de\ufb01nitions of NIBD, and LSG`s position within these alternatives </span><span class=\"S22E4 SC4 S2\" id=\"t27_127\">31.12.2022 </span><span class=\"S22E5 SC4 S2\" id=\"t28_127\">31.12.2021 </span><span class=\"S22E6 SC5 S2\" id=\"t29_127\">NIBD including non of the lease liabilities </span><span class=\"S22E7 SC5 S2\" id=\"t2a_127\">3 132 368 </span><span class=\"S22E8 SC5 S2\" id=\"t2b_127\">2 060 959 </span><span class=\"S22E9 SC5 S2\" id=\"t2c_127\">NIBD including lease liabilities to credit institutions </span><span class=\"S22EA SC5 S2\" id=\"t2d_127\">The de\ufb01nition applied in LSG: </span><span class=\"S22EB SC5 S2\" id=\"t2e_127\">4 346 083 </span><span class=\"S22EC SC5 S2\" id=\"t2f_127\">3 297 487 </span><span class=\"S22ED SC5 S2\" id=\"t2g_127\">NIBD including total lease liabilities </span><span class=\"S22EE SC5 S2\" id=\"t2h_127\">5 888 603 </span><span class=\"S22EF SC5 S2\" id=\"t2i_127\">4 620 028 </span><span class=\"S22F0 SC8 S2\" id=\"t2j_127\">When comparing NIBD between </span><span class=\"S22F1 SC8 S2\" id=\"t2k_127\">companies based on annual accounts, </span><span class=\"S22F2 SC8 S2\" id=\"t2l_127\">it is important to be aware that the </span><span class=\"S22F3 SC8 S2\" id=\"t2m_127\">presented NIBD \ufb01gure is dependent </span><span class=\"S22F4 SC8 S2\" id=\"t2n_127\">on if lease liabilities is included, partly </span><span class=\"S22F5 SC8 S2\" id=\"t2o_127\">included, or not included at all. As of </span><span class=\"S22F6 SC8 S2\" id=\"t2p_127\">today there is no uniform de\ufb01nition </span><span class=\"S22F7 SC8 S2\" id=\"t2q_127\">among the reporting entities about </span><span class=\"S22F8 SC8 S2\" id=\"t2r_127\">how this \ufb01gures should be calculated </span><span class=\"S22F9 SC8 S2\" id=\"t2s_127\">and presented. </span><span class=\"S3C38 S18EC S2\" id=\"t3g_170\">NOTE 15 </span><span class=\"S3C39 S18EC S2\" id=\"t3h_170\">Loans, mortgages and guarantees </span><span class=\"S3BCA SC7 S2\" id=\"t1_170\">Long-term debt </span><span class=\"S3BCB SC8 S2\" id=\"t2_170\">Debt is split on short-term and long- </span><span class=\"S318A SC8 S2\" id=\"t3_170\">term debt. Payments that matures </span><span class=\"S1B9F SC8 S2\" id=\"t4_170\">within 12 months from balance sheet </span><span class=\"S3BCC SC8 S2\" id=\"t5_170\">date is presented as short-term debt. </span><span class=\"S3BCD SC8 S2\" id=\"t6_170\">Both short-term and long-term debt </span><span class=\"S3BCE SC8 S2\" id=\"t7_170\">consist of interest bearing and non- </span><span class=\"S3457 SC8 S2\" id=\"t8_170\">interest bearing debt. Interest bearing </span><span class=\"S3BCF SC8 S2\" id=\"t9_170\">debt is an alternaltive performance </span><span class=\"S3BD0 SC8 S2\" id=\"ta_170\">measure (APM). The \ufb01gure consists of </span><span class=\"S1BD6 SC8 S2\" id=\"tb_170\">debt with the main purpose of </span><span class=\"S3BD1 SC8 S2\" id=\"tc_170\">providing \ufb01nancing to the group, </span><span class=\"S3459 SC8 S2\" id=\"td_170\">together with equity. The items </span><span class=\"S3BD2 SC8 S2\" id=\"te_170\">included are speci\ufb01ed below. It is also </span><span class=\"S3BD3 SC8 S2\" id=\"tf_170\">further described in the section about </span><span class=\"S3BD4 SC8 S2\" id=\"tg_170\">net interest bearing debt (NIBD) in the </span><span class=\"S3BD5 SC8 S2\" id=\"th_170\">note on alternative performance </span><span class=\"S3BD6 SC8 S2\" id=\"ti_170\">measures. </span><span class=\"S3BD7 SC4 S2\" id=\"tj_170\">2022 </span><span class=\"S3BD8 SC4 S2\" id=\"tk_170\">2021 </span><span class=\"S3BD9 SC4 S2\" id=\"tl_170\">Long-term debt as of 31.12 </span><span class=\"S3BDA SC4 S2\" id=\"tm_170\">Included </span><span class=\"S3BDB SC4 S2\" id=\"tn_170\">in interest </span><span class=\"S3BDC SC4 S2\" id=\"to_170\">bearing debt </span><span class=\"S3BDD SC4 S2\" id=\"tp_170\">Short-term </span><span class=\"S3BDE SC4 S2\" id=\"tq_170\">portion </span><span class=\"S3BDF SC4 S2\" id=\"tr_170\">Long-term </span><span class=\"S3BE0 SC4 S2\" id=\"ts_170\">portion </span><span class=\"S3BE1 SC4 S2\" id=\"tt_170\">Total </span><span class=\"S3BE2 SC4 S2\" id=\"tu_170\">Short-term </span><span class=\"S3BE3 SC4 S2\" id=\"tv_170\">portion </span><span class=\"S3BE4 SC4 S2\" id=\"tw_170\">Long-term </span><span class=\"S3BE5 SC4 S2\" id=\"tx_170\">portion </span><span class=\"S3BE6 SC4 S2\" id=\"ty_170\">Total </span><span class=\"S3BE7 SC5 S2\" id=\"tz_170\">Pension liabilities </span><span class=\"S3BE8 SC5 S2\" id=\"t10_170\">0 </span><span class=\"S3BE9 SC5 S2\" id=\"t11_170\">3 029 </span><span class=\"S3BEA SC4 S2\" id=\"t12_170\">3 029 </span><span class=\"S3BEB SC5 S2\" id=\"t13_170\">0 </span><span class=\"S3BEC SC5 S2\" id=\"t14_170\">3 393 </span><span class=\"S3BED SC4 S2\" id=\"t15_170\">3 393 </span><span class=\"S3BEE SC5 S2\" id=\"t16_170\">Deferred tax </span><span class=\"S3BEF SC5 S2\" id=\"t17_170\">0 </span><span class=\"S3BF0 SC5 S2\" id=\"t18_170\">2 576 287 </span><span class=\"S3BF1 SC4 S2\" id=\"t19_170\">2 576 287 </span><span class=\"S3BF2 SC5 S2\" id=\"t1a_170\">0 </span><span class=\"S3BF3 SC5 S2\" id=\"t1b_170\">2 575 120 </span><span class=\"S3BF4 SC4 S2\" id=\"t1c_170\">2 575 120 </span><span class=\"S3BF5 SC5 S2\" id=\"t1d_170\">Lease liabilities to others </span><span class=\"S3BF6 SC5 S2\" id=\"t1e_170\">269 614 </span><span class=\"S3BF7 SC5 S2\" id=\"t1f_170\">1 272 906 </span><span class=\"S3BF8 SC4 S2\" id=\"t1g_170\">1 542 520 </span><span class=\"S3BF9 SC5 S2\" id=\"t1h_170\">231 479 </span><span class=\"S3BFA SC5 S2\" id=\"t1i_170\">1 091 062 </span><span class=\"S3BFB SC4 S2\" id=\"t1j_170\">1 322 541 </span><span class=\"S3BFC SC5 S2\" id=\"t1k_170\">Lease liabilities to credit institutions </span><span class=\"S3BFD SC4 S2\" id=\"t1l_170\">Yes </span><span class=\"S3BFE SC5 S2\" id=\"t1m_170\">332 514 </span><span class=\"S3BFF SC5 S2\" id=\"t1n_170\">881 201 </span><span class=\"S3C00 SC4 S2\" id=\"t1o_170\">1 213 715 </span><span class=\"S3C01 SC5 S2\" id=\"t1p_170\">246 755 </span><span class=\"S3C02 SC5 S2\" id=\"t1q_170\">989 773 </span><span class=\"S3C03 SC4 S2\" id=\"t1r_170\">1 236 528 </span><span class=\"S3C04 SC5 S2\" id=\"t1s_170\">Bond loans </span><span class=\"S3C05 SC4 S2\" id=\"t1t_170\">Yes </span><span class=\"S3C06 SC5 S2\" id=\"t1u_170\">0 </span><span class=\"S3C07 SC5 S2\" id=\"t1v_170\">1 493 656 </span><span class=\"S3C08 SC4 S2\" id=\"t1w_170\">1 493 656 </span><span class=\"S3C09 SC5 S2\" id=\"t1x_170\">0 </span><span class=\"S3C0A SC5 S2\" id=\"t1y_170\">1 492 431 </span><span class=\"S3C0B SC4 S2\" id=\"t1z_170\">1 492 431 </span><span class=\"S3C0C SC5 S2\" id=\"t20_170\">Loans from credit institutions </span><span class=\"S3C0D SC4 S2\" id=\"t21_170\">Yes </span><span class=\"S3C0E SC5 S2\" id=\"t22_170\">395 591 </span><span class=\"S3C0F SC5 S2\" id=\"t23_170\">3 441 073 </span><span class=\"S3C10 SC4 S2\" id=\"t24_170\">3 836 664 </span><span class=\"S3C11 SC5 S2\" id=\"t25_170\">351 592 </span><span class=\"S3C12 SC5 S2\" id=\"t26_170\">3 835 289 </span><span class=\"S3C13 SC4 S2\" id=\"t27_170\">4 186 882 </span><span class=\"S3C14 SC5 S2\" id=\"t28_170\">Other long-term loans </span><span class=\"S3C15 SC4 S2\" id=\"t29_170\">Yes </span><span class=\"S3C16 SC5 S2\" id=\"t2a_170\">1 486 </span><span class=\"S3C17 SC5 S2\" id=\"t2b_170\">659 </span><span class=\"S3C18 SC4 S2\" id=\"t2c_170\">2 145 </span><span class=\"S3C19 SC5 S2\" id=\"t2d_170\">1 513 </span><span class=\"S3C1A SC5 S2\" id=\"t2e_170\">889 </span><span class=\"S3C1B SC4 S2\" id=\"t2f_170\">2 402 </span><span class=\"S3C1C SC5 S2\" id=\"t2g_170\">Other long-term liabilities </span><span class=\"S3C1D SC5 S2\" id=\"t2h_170\">0 </span><span class=\"S3C1E SC5 S2\" id=\"t2i_170\">5 678 </span><span class=\"S3C1F SC4 S2\" id=\"t2j_170\">5 678 </span><span class=\"S3C20 SC5 S2\" id=\"t2k_170\">4 030 </span><span class=\"S3C21 SC5 S2\" id=\"t2l_170\">6 225 </span><span class=\"S3C22 SC4 S2\" id=\"t2m_170\">10 255 </span><span class=\"S3C23 SC4 S2\" id=\"t2n_170\">Total </span><span class=\"S3C24 SC4 S2\" id=\"t2o_170\">999 206 </span><span class=\"S3C25 SC4 S2\" id=\"t2p_170\">9 674 488 </span><span class=\"S3C26 SC4 S2\" id=\"t2q_170\">10 673 694 </span><span class=\"S3C27 SC4 S2\" id=\"t2r_170\">835 369 </span><span class=\"S3C28 SC4 S2\" id=\"t2s_170\">9 994 183 </span><span class=\"S3C29 SC4 S2\" id=\"t2t_170\">10 829 552 </span><span class=\"S3C2A SC4 S2\" id=\"t2u_170\">Herby interest bearing debt (of long-term debt) </span><span class=\"S3C2B SC4 S2\" id=\"t2v_170\">729 591 </span><span class=\"S3C2C SC4 S2\" id=\"t2w_170\">5 816 589 </span><span class=\"S3C2D SC4 S2\" id=\"t2x_170\">6 546 180 </span><span class=\"S3C2E SC4 S2\" id=\"t2y_170\">599 860 </span><span class=\"S3C2F SC4 S2\" id=\"t2z_170\">6 318 383 </span><span class=\"S3C30 SC4 S2\" id=\"t30_170\">6 918 243 </span><span class=\"S1AF8 SC5 S2\" id=\"t31_170\">For further description of the basis for classifying debt as interest bearing, see note on alternative performance measures. </span><span class=\"S3C31 SC5 S2\" id=\"t32_170\">Pension liabilities is considered to be long-term only, and is further described in note on pension liabilities. </span><span class=\"S3C32 SC5 S2\" id=\"t33_170\">Deferred tax is considered to be long-term only, and is further described in note on tax </span><span class=\"S3C33 SC5 S2\" id=\"t34_170\">Lease liabilities is further described in note on leases. Payment pro\ufb01le is described below. </span><span class=\"S3C34 SC5 S2\" id=\"t35_170\">Bond loans is described below. </span><span class=\"S3C35 SC5 S2\" id=\"t36_170\">Loans from credit institutions is described below. </span><span class=\"S3C36 SC5 S2\" id=\"t37_170\">Other long-term loans are loans from suppliers. </span><span class=\"S3C37 SC5 S2\" id=\"t38_170\">Other long-term liabilities concerns mainly non-interest bearing long term credit with supplier. </span><span class=\"S2168 SC7 S2\" id=\"t1_171\">Interest bearing debt and net interest </span><span class=\"S3C3A SC7 S2\" id=\"t2_171\">bearing debt (NIBD) </span><span class=\"S3C3B SC8 S2\" id=\"t3_171\">In the table below also current </span><span class=\"S3C3C SC8 S2\" id=\"t4_171\">interest bearing debt are included. </span><span class=\"S3C3D SC8 S2\" id=\"t5_171\">Total interest bearing debt consists </span><span class=\"S3C3E SC8 S2\" id=\"t6_171\">of both long-term and short-term </span><span class=\"S3C3F SC8 S2\" id=\"t7_171\">items. Total interest bearing debt is </span><span class=\"S3C40 SC8 S2\" id=\"t8_171\">speci\ufb01ed by currency below. Bank </span><span class=\"S3C41 SC8 S2\" id=\"t9_171\">deposits are interest bearing. Net </span><span class=\"S3015 SC8 S2\" id=\"ta_171\">interest bearing debt (NIBD) is </span><span class=\"S3C42 SC8 S2\" id=\"tb_171\">de\ufb01ned as interest bearing debt </span><span class=\"S1F23 SC8 S2\" id=\"tc_171\">minus bank deposits. Changes in </span><span class=\"S1D8D SC8 S2\" id=\"td_171\">NIBD during the year is presented in </span><span class=\"S3C43 SC8 S2\" id=\"te_171\">a table below. NIBD is explained in </span><span class=\"S3C44 SC8 S2\" id=\"tf_171\">more detail in note on APMs. </span><span class=\"S3C45 SC4 S2\" id=\"tg_171\">2022 </span><span class=\"S3C46 SC4 S2\" id=\"th_171\">2021 </span><span class=\"S3C47 SC4 S2\" id=\"ti_171\">Interest bearing debt as of 31.12 </span><span class=\"S3C48 SC4 S2\" id=\"tj_171\">Short-term </span><span class=\"S3C49 SC4 S2\" id=\"tk_171\">portion </span><span class=\"S3C4A SC4 S2\" id=\"tl_171\">Long-term </span><span class=\"S3C4B SC4 S2\" id=\"tm_171\">portion </span><span class=\"S3C4C SC4 S2\" id=\"tn_171\">Total </span><span class=\"S3C4D SC4 S2\" id=\"to_171\">Short-term </span><span class=\"S3C4E SC4 S2\" id=\"tp_171\">portion </span><span class=\"S3C4F SC4 S2\" id=\"tq_171\">Long-term </span><span class=\"S3C50 SC4 S2\" id=\"tr_171\">portion </span><span class=\"S3C51 SC4 S2\" id=\"ts_171\">Total </span><span class=\"S3C52 SC4 S2\" id=\"tt_171\">Long-term interest bearing debt </span><span class=\"S3C53 SC5 S2\" id=\"tu_171\">Lease liabilities to credit institutions </span><span class=\"S3C54 SC5 S2\" id=\"tv_171\">332 514 </span><span class=\"S3C55 SC5 S2\" id=\"tw_171\">881 201 </span><span class=\"S3C56 SC4 S2\" id=\"tx_171\">1 213 715 </span><span class=\"S3C57 SC5 S2\" id=\"ty_171\">246 755 </span><span class=\"S3C58 SC5 S2\" id=\"tz_171\">989 773 </span><span class=\"S3C59 SC4 S2\" id=\"t10_171\">1 236 528 </span><span class=\"S3C5A SC5 S2\" id=\"t11_171\">Bond loans </span><span class=\"S3C5B SC5 S2\" id=\"t12_171\">0 </span><span class=\"S3C5C SC5 S2\" id=\"t13_171\">1 493 656 </span><span class=\"S3C5D SC4 S2\" id=\"t14_171\">1 493 656 </span><span class=\"S3C5E SC5 S2\" id=\"t15_171\">0 </span><span class=\"S3C5F SC5 S2\" id=\"t16_171\">1 492 431 </span><span class=\"S3C60 SC4 S2\" id=\"t17_171\">1 492 431 </span><span class=\"S3C61 SC5 S2\" id=\"t18_171\">Loans from credit institutions </span><span class=\"S3C62 SC5 S2\" id=\"t19_171\">395 591 </span><span class=\"S3C63 SC5 S2\" id=\"t1a_171\">3 441 073 </span><span class=\"S3C64 SC4 S2\" id=\"t1b_171\">3 836 664 </span><span class=\"S3C65 SC5 S2\" id=\"t1c_171\">351 592 </span><span class=\"S3C66 SC5 S2\" id=\"t1d_171\">3 835 289 </span><span class=\"S3C67 SC4 S2\" id=\"t1e_171\">4 186 882 </span><span class=\"S3C68 SC5 S2\" id=\"t1f_171\">Other long-term loans </span><span class=\"S3C69 SC5 S2\" id=\"t1g_171\">1 486 </span><span class=\"S3C6A SC5 S2\" id=\"t1h_171\">659 </span><span class=\"S3C6B SC4 S2\" id=\"t1i_171\">2 145 </span><span class=\"S3C6C SC5 S2\" id=\"t1j_171\">1 513 </span><span class=\"S3C6D SC5 S2\" id=\"t1k_171\">889 </span><span class=\"S3C6E SC4 S2\" id=\"t1l_171\">2 402 </span><span class=\"S3C6F SC4 S2\" id=\"t1m_171\">Total </span><span class=\"S3C70 SC4 S2\" id=\"t1n_171\">729 591 </span><span class=\"S3C71 SC4 S2\" id=\"t1o_171\">5 816 589 </span><span class=\"S3C72 SC4 S2\" id=\"t1p_171\">6 546 180 </span><span class=\"S3C73 SC4 S2\" id=\"t1q_171\">599 860 </span><span class=\"S3C74 SC4 S2\" id=\"t1r_171\">6 318 383 </span><span class=\"S3C75 SC4 S2\" id=\"t1s_171\">6 918 243 </span><span class=\"S3C76 SC4 S2\" id=\"t1t_171\">Short-term interest bearing debt </span><span class=\"S3C77 SC5 S2\" id=\"t1u_171\">Overdrafts </span><span class=\"S3C78 SC5 S2\" id=\"t1v_171\">1 064 097 </span><span class=\"S3C79 SC4 S2\" id=\"t1w_171\">1 064 097 </span><span class=\"S3C7A SC5 S2\" id=\"t1x_171\">540 933 </span><span class=\"S3C7B SC4 S2\" id=\"t1y_171\">540 933 </span><span class=\"S3C7C SC5 S2\" id=\"t1z_171\">Other short term credits </span><span class=\"S3C7D SC5 S2\" id=\"t20_171\">40 683 </span><span class=\"S3C7E SC4 S2\" id=\"t21_171\">40 683 </span><span class=\"S3C7F SC5 S2\" id=\"t22_171\">41 457 </span><span class=\"S3C80 SC4 S2\" id=\"t23_171\">41 457 </span><span class=\"S3C81 SC4 S2\" id=\"t24_171\">Total </span><span class=\"S3C82 SC4 S2\" id=\"t25_171\">1 104 780 </span><span class=\"S3C83 SC4 S2\" id=\"t26_171\">1 104 780 </span><span class=\"S3C84 SC4 S2\" id=\"t27_171\">582 390 </span><span class=\"S3C85 SC4 S2\" id=\"t28_171\">582 390 </span><span class=\"S3C86 SC4 S2\" id=\"t29_171\">Total </span><span class=\"S3C87 SC4 S2\" id=\"t2a_171\">1 834 371 </span><span class=\"S3C88 SC4 S2\" id=\"t2b_171\">5 816 589 </span><span class=\"S3C89 SC4 S2\" id=\"t2c_171\">7 650 960 </span><span class=\"S3C8A SC4 S2\" id=\"t2d_171\">1 182 250 </span><span class=\"S3C8B SC4 S2\" id=\"t2e_171\">6 318 383 </span><span class=\"S3C8C SC4 S2\" id=\"t2f_171\">7 500 632 </span><span class=\"S3C8D SC4 S2\" id=\"t2g_171\">Interest bearing debt as of 31.12 by currency </span><span class=\"S3C8E SC5 S2\" id=\"t2h_171\">NOK </span><span class=\"S3C8F SC5 S2\" id=\"t2i_171\">1 396 041 </span><span class=\"S3C90 SC5 S2\" id=\"t2j_171\">5 578 405 </span><span class=\"S3C91 SC4 S2\" id=\"t2k_171\">6 974 446 </span><span class=\"S3C92 SC5 S2\" id=\"t2l_171\">933 368 </span><span class=\"S3C93 SC5 S2\" id=\"t2m_171\">6 058 999 </span><span class=\"S3C94 SC4 S2\" id=\"t2n_171\">6 992 367 </span><span class=\"S3C95 SC5 S2\" id=\"t2o_171\">SEK </span><span class=\"S3C96 SC5 S2\" id=\"t2p_171\">63 788 </span><span class=\"S3C97 SC5 S2\" id=\"t2q_171\">47 685 </span><span class=\"S3C98 SC4 S2\" id=\"t2r_171\">111 474 </span><span class=\"S3C99 SC5 S2\" id=\"t2s_171\">55 373 </span><span class=\"S3C9A SC5 S2\" id=\"t2t_171\">53 907 </span><span class=\"S3C9B SC4 S2\" id=\"t2u_171\">109 280 </span><span class=\"S3C9C SC5 S2\" id=\"t2v_171\">DKK </span><span class=\"S3C9D SC5 S2\" id=\"t2w_171\">200 808 </span><span class=\"S3C9E SC5 S2\" id=\"t2x_171\">16 490 </span><span class=\"S3C9F SC4 S2\" id=\"t2y_171\">217 299 </span><span class=\"S3CA0 SC5 S2\" id=\"t2z_171\">109 232 </span><span class=\"S3CA1 SC5 S2\" id=\"t30_171\">27 387 </span><span class=\"S3CA2 SC4 S2\" id=\"t31_171\">136 618 </span><span class=\"S3CA3 SC5 S2\" id=\"t32_171\">EUR </span><span class=\"S3CA4 SC5 S2\" id=\"t33_171\">173 502 </span><span class=\"S3CA5 SC5 S2\" id=\"t34_171\">174 008 </span><span class=\"S3CA6 SC4 S2\" id=\"t35_171\">347 510 </span><span class=\"S3CA7 SC5 S2\" id=\"t36_171\">83 469 </span><span class=\"S3CA8 SC5 S2\" id=\"t37_171\">174 060 </span><span class=\"S3CA9 SC4 S2\" id=\"t38_171\">257 529 </span><span class=\"S3CAA SC5 S2\" id=\"t39_171\">Other currencies </span><span class=\"S3CAB SC5 S2\" id=\"t3a_171\">232 </span><span class=\"S3CAC SC5 S2\" id=\"t3b_171\">0 </span><span class=\"S3CAD SC4 S2\" id=\"t3c_171\">232 </span><span class=\"S3CAE SC5 S2\" id=\"t3d_171\">808 </span><span class=\"S3CAF SC5 S2\" id=\"t3e_171\">4 030 </span><span class=\"S3CB0 SC4 S2\" id=\"t3f_171\">4 838 </span><span class=\"S3CB1 SC4 S2\" id=\"t3g_171\">Total </span><span class=\"S3CB2 SC4 S2\" id=\"t3h_171\">1 834 371 </span><span class=\"S3CB3 SC4 S2\" id=\"t3i_171\">5 816 589 </span><span class=\"S3CB4 SC4 S2\" id=\"t3j_171\">7 650 960 </span><span class=\"S3CB5 SC4 S2\" id=\"t3k_171\">1 182 250 </span><span class=\"S3CB6 SC4 S2\" id=\"t3l_171\">6 318 383 </span><span class=\"S3CB7 SC4 S2\" id=\"t3m_171\">7 500 632 </span><span class=\"S3CB8 SC4 S2\" id=\"t3n_171\">Net interest bearing debt (NIBD) as of 31.12 </span><span class=\"S3CB9 SC5 S2\" id=\"t3o_171\">Interest bearing debt </span><span class=\"S3CBA SC5 S2\" id=\"t3p_171\">1 834 371 </span><span class=\"S3CBB SC5 S2\" id=\"t3q_171\">5 816 589 </span><span class=\"S3CBC SC4 S2\" id=\"t3r_171\">7 650 960 </span><span class=\"S3CBD SC5 S2\" id=\"t3s_171\">1 182 250 </span><span class=\"S3CBE SC5 S2\" id=\"t3t_171\">6 318 383 </span><span class=\"S3CBF SC4 S2\" id=\"t3u_171\">7 500 632 </span><span class=\"S3CC0 SC5 S2\" id=\"t3v_171\">Bank deposits </span><span class=\"S3CC1 SC5 S2\" id=\"t3w_171\">-3 304 878 </span><span class=\"S3CC2 SC4 S2\" id=\"t3x_171\">-3 304 878 </span><span class=\"S3CC3 SC5 S2\" id=\"t3y_171\">-4 203 147 </span><span class=\"S3CC4 SC4 S2\" id=\"t3z_171\">-4 203 147 </span><span class=\"S3CC5 SC4 S2\" id=\"t40_171\">NIBD </span><span class=\"S3CC6 SC4 S2\" id=\"t41_171\">-1 470 507 </span><span class=\"S3CC7 SC4 S2\" id=\"t42_171\">5 816 589 </span><span class=\"S3CC8 SC4 S2\" id=\"t43_171\">4 346 082 </span><span class=\"S3CC9 SC4 S2\" id=\"t44_171\">-3 020 897 </span><span class=\"S3CCA SC4 S2\" id=\"t45_171\">6 318 383 </span><span class=\"S3CCB SC4 S2\" id=\"t46_171\">3 297 485 </span><span class=\"S3CCD SC4 S2\" id=\"t1_172\">Assets </span><span class=\"S3CCE SC4 S2\" id=\"t2_172\">Current debt </span><span class=\"S3CCF SC4 S2\" id=\"t3_172\">Non-current debt incl. ST-portion </span><span class=\"S3CD0 SC4 S2\" id=\"t4_172\">Reconciliation of changes in NIBD </span><span class=\"S3CD1 SC4 S2\" id=\"t5_172\">Bank </span><span class=\"S3CD2 SC4 S2\" id=\"t6_172\">deposits </span><span class=\"S3CD3 SC4 S2\" id=\"t7_172\">Overdrafts </span><span class=\"S3CD4 SC4 S2\" id=\"t8_172\">and other </span><span class=\"S3CD5 SC4 S2\" id=\"t9_172\">short term </span><span class=\"S3CD6 SC4 S2\" id=\"ta_172\">credit </span><span class=\"S3CD7 SC4 S2\" id=\"tb_172\">Bond loans </span><span class=\"S3CD8 SC4 S2\" id=\"tc_172\">Loans from </span><span class=\"S3CD9 SC4 S2\" id=\"td_172\">credit inst. </span><span class=\"S3CDA SC4 S2\" id=\"te_172\">Leases </span><span class=\"S3CDB SC4 S2\" id=\"tf_172\">from credit </span><span class=\"S3CDC SC4 S2\" id=\"tg_172\">inst. </span><span class=\"S3CDD SC4 S2\" id=\"th_172\">Other </span><span class=\"S3CDE SC4 S2\" id=\"ti_172\">loans </span><span class=\"S3CDF SC4 S2\" id=\"tj_172\">Total </span><span class=\"S3CE0 SC4 S2\" id=\"tk_172\">NIBD as of 01.01.2021 </span><span class=\"S3CE1 SC4 S2\" id=\"tl_172\">-2 966 409 </span><span class=\"S3CE2 SC4 S2\" id=\"tm_172\">815 120 </span><span class=\"S3CE3 SC4 S2\" id=\"tn_172\">0 </span><span class=\"S3CE4 SC4 S2\" id=\"to_172\">4 389 042 </span><span class=\"S3CE5 SC4 S2\" id=\"tp_172\">1 280 249 </span><span class=\"S3CE6 SC4 S2\" id=\"tq_172\">2 765 </span><span class=\"S3CE7 SC4 S2\" id=\"tr_172\">3 520 768 </span><span class=\"S3CE8 SC5 S2\" id=\"ts_172\">Change in bank deposits </span><span class=\"S3CE9 SC5 S2\" id=\"tt_172\">-1 232 908 </span><span class=\"S3CEA SC4 S2\" id=\"tu_172\">-1 232 908 </span><span class=\"S3CEB SC5 S2\" id=\"tv_172\">Cash \ufb02ows - in </span><span class=\"S3CEC SC5 S2\" id=\"tw_172\">1 500 000 </span><span class=\"S3CED SC5 S2\" id=\"tx_172\">671 814 </span><span class=\"S3CEE SC4 S2\" id=\"ty_172\">2 171 814 </span><span class=\"S3CEF SC5 S2\" id=\"tz_172\">Cash \ufb02ows - out </span><span class=\"S3CF0 SC5 S2\" id=\"t10_172\">-359 069 </span><span class=\"S3CF1 SC5 S2\" id=\"t11_172\">-7 875 </span><span class=\"S3CF2 SC5 S2\" id=\"t12_172\">-925 784 </span><span class=\"S3CF3 SC5 S2\" id=\"t13_172\">-249 877 </span><span class=\"S3CF4 SC5 S2\" id=\"t14_172\">-288 </span><span class=\"S3CF5 SC4 S2\" id=\"t15_172\">-1 542 893 </span><span class=\"S3CF6 SC5 S2\" id=\"t16_172\">Business combinations </span><span class=\"S3CF7 SC5 S2\" id=\"t17_172\">-3 829 </span><span class=\"S3CF8 SC5 S2\" id=\"t18_172\">126 339 </span><span class=\"S3CF9 SC5 S2\" id=\"t19_172\">63 547 </span><span class=\"S3CFA SC5 S2\" id=\"t1a_172\">6 890 </span><span class=\"S3CFB SC4 S2\" id=\"t1b_172\">192 947 </span><span class=\"S3CFC SC5 S2\" id=\"t1c_172\">New leases from credit institutions </span><span class=\"S3CFD SC5 S2\" id=\"t1d_172\">245 020 </span><span class=\"S3CFE SC4 S2\" id=\"t1e_172\">245 020 </span><span class=\"S3CFF SC5 S2\" id=\"t1f_172\">Terminated leases with credit institutions </span><span class=\"S3D00 SC5 S2\" id=\"t1g_172\">-37 618 </span><span class=\"S3D01 SC4 S2\" id=\"t1h_172\">-37 618 </span><span class=\"S3D02 SC5 S2\" id=\"t1i_172\">Currency translation differences </span><span class=\"S3D03 SC5 S2\" id=\"t1j_172\">-6 698 </span><span class=\"S3D04 SC5 S2\" id=\"t1k_172\">-8 136 </span><span class=\"S3D05 SC5 S2\" id=\"t1l_172\">-76 </span><span class=\"S3D06 SC4 S2\" id=\"t1m_172\">-14 910 </span><span class=\"S3D07 SC5 S2\" id=\"t1n_172\">Currency gain/loss on NIBD items in foreign </span><span class=\"S3D08 SC5 S2\" id=\"t1o_172\">currency </span><span class=\"S3D09 SC5 S2\" id=\"t1p_172\">-5 039 </span><span class=\"S3D0A SC4 S2\" id=\"t1q_172\">-5 039 </span><span class=\"S3D0B SC5 S2\" id=\"t1r_172\">Other non-cash movements </span><span class=\"S3D0C SC5 S2\" id=\"t1s_172\">306 </span><span class=\"S3D0D SC4 S2\" id=\"t1t_172\">306 </span><span class=\"S3D0E SC4 S2\" id=\"t1u_172\">NIBD as of 31.12.2021 </span><span class=\"S3D0F SC4 S2\" id=\"t1v_172\">-4 203 146 </span><span class=\"S3D10 SC4 S2\" id=\"t1w_172\">582 390 </span><span class=\"S3D11 SC4 S2\" id=\"t1x_172\">1 492 431 </span><span class=\"S3D12 SC4 S2\" id=\"t1y_172\">4 186 882 </span><span class=\"S3D13 SC4 S2\" id=\"t1z_172\">1 236 528 </span><span class=\"S3D14 SC4 S2\" id=\"t20_172\">2 402 </span><span class=\"S3D15 SC4 S2\" id=\"t21_172\">3 297 487 </span><span class=\"S3D16 SC5 S2\" id=\"t22_172\">Change in bank deposits </span><span class=\"S3D17 SC5 S2\" id=\"t23_172\">898 491 </span><span class=\"S3D18 SC4 S2\" id=\"t24_172\">898 491 </span><span class=\"S3D19 SC5 S2\" id=\"t25_172\">Cash \ufb02ows - in </span><span class=\"S3D1A SC5 S2\" id=\"t26_172\">522 390 </span><span class=\"S3D1B SC5 S2\" id=\"t27_172\">264 </span><span class=\"S3D1C SC4 S2\" id=\"t28_172\">522 654 </span><span class=\"S3D1D SC5 S2\" id=\"t29_172\">Cash \ufb02ows - out </span><span class=\"S3D1E SC5 S2\" id=\"t2a_172\">-354 313 </span><span class=\"S3D1F SC5 S2\" id=\"t2b_172\">-260 269 </span><span class=\"S3D20 SC5 S2\" id=\"t2c_172\">-324 </span><span class=\"S3D21 SC4 S2\" id=\"t2d_172\">-614 906 </span><span class=\"S3D22 SC5 S2\" id=\"t2e_172\">Business combinations </span><span class=\"S3D23 SC5 S2\" id=\"t2f_172\">-223 </span><span class=\"S3D24 SC5 S2\" id=\"t2g_172\">0 </span><span class=\"S3D25 SC4 S2\" id=\"t2h_172\">-223 </span><span class=\"S3D26 SC5 S2\" id=\"t2i_172\">New leases from credit institutions </span><span class=\"S3D27 SC5 S2\" id=\"t2j_172\">230 035 </span><span class=\"S3D28 SC4 S2\" id=\"t2k_172\">230 035 </span><span class=\"S3D29 SC5 S2\" id=\"t2l_172\">Terminated leases with credit institutions </span><span class=\"S3D2A SC5 S2\" id=\"t2m_172\">-2 093 </span><span class=\"S3D2B SC4 S2\" id=\"t2n_172\">-2 093 </span><span class=\"S3D2C SC5 S2\" id=\"t2o_172\">Currency translation differences </span><span class=\"S3D2D SC5 S2\" id=\"t2p_172\">3 831 </span><span class=\"S3D2E SC5 S2\" id=\"t2q_172\">9 514 </span><span class=\"S3D2F SC5 S2\" id=\"t2r_172\">67 </span><span class=\"S3D30 SC4 S2\" id=\"t2s_172\">13 412 </span><span class=\"S3D31 SC5 S2\" id=\"t2t_172\">Other non-cash movements </span><span class=\"S3D32 SC5 S2\" id=\"t2u_172\">1 225 </span><span class=\"S3D33 SC4 S2\" id=\"t2v_172\">1 225 </span><span class=\"S3D34 SC4 S2\" id=\"t2w_172\">NIBD as of 31.12.2022 </span><span class=\"S3D35 SC4 S2\" id=\"t2x_172\">-3 304 878 </span><span class=\"S3D36 SC4 S2\" id=\"t2y_172\">1 104 780 </span><span class=\"S3D37 SC4 S2\" id=\"t2z_172\">1 493 656 </span><span class=\"S3D38 SC4 S2\" id=\"t30_172\">3 836 664 </span><span class=\"S3D39 SC4 S2\" id=\"t31_172\">1 213 715 </span><span class=\"S3D3A SC4 S2\" id=\"t32_172\">2 145 </span><span class=\"S3D3B SC4 S2\" id=\"t33_172\">4 346 082 </span><span class=\"S3D3C SC4 S2\" id=\"t34_172\">Reconciliation of cash \ufb02ows out, as speci\ufb01ed above, against the statement of cash \ufb02ows </span><span class=\"S3D3D SC4 S2\" id=\"t35_172\">2022 </span><span class=\"S3D3E SC4 S2\" id=\"t36_172\">2021 </span><span class=\"S3D3F SC5 S2\" id=\"t37_172\">Cash \ufb02ows out - related to downpayment on non-current interest bearing debt (according to table above) </span><span class=\"S3D40 SC5 S2\" id=\"t38_172\">-614 906 </span><span class=\"S3D41 SC5 S2\" id=\"t39_172\">-1 175 949 </span><span class=\"S3D42 SC5 S2\" id=\"t3a_172\">Cash \ufb02ows out - related to downpayment on non-interest bearing loans </span><span class=\"S3D43 SC5 S2\" id=\"t3b_172\">-3 728 </span><span class=\"S3D44 SC5 S2\" id=\"t3c_172\">0 </span><span class=\"S3D45 SC5 S2\" id=\"t3d_172\">Cash \ufb02ow out - related to instalment on lease liabilities to others (according to note 8), not included in NIBD </span><span class=\"S3D46 SC5 S2\" id=\"t3e_172\">-295 672 </span><span class=\"S3D47 SC5 S2\" id=\"t3f_172\">-259 707 </span><span class=\"S3D48 SC4 S2\" id=\"t3g_172\">Downpayments of long-term debt (accordring to statment of cash \ufb02ows) </span><span class=\"S3D49 SC4 S2\" id=\"t3h_172\">-914 306 </span><span class=\"S3D4A SC4 S2\" id=\"t3i_172\">-1 435 656 </span><span class=\"S3D4B SC7 S2\" id=\"t1_173\">Bond loans </span><span class=\"S3D4C SC8 S2\" id=\"t2_173\">The Group established 3 bond loans, </span><span class=\"S2053 SC8 S2\" id=\"t3_173\">each amounting to NOK 500 million, </span><span class=\"S3D4D SC8 S2\" id=\"t4_173\">in the bond market 17 September </span><span class=\"S1C44 SC8 S2\" id=\"t5_173\">2021. The bonds are so called green </span><span class=\"S3D4E SC8 S2\" id=\"t6_173\">bonds. This implies that the group </span><span class=\"S2056 SC8 S2\" id=\"t7_173\">have established a green \ufb01nancing </span><span class=\"S3D4F SC8 S2\" id=\"t8_173\">framework which covers how the </span><span class=\"S21C2 SC8 S2\" id=\"t9_173\">proceeds from the bond loans can be </span><span class=\"S3D50 SC8 S2\" id=\"ta_173\">used. The framework is published on </span><span class=\"S3D51 SC8 S2\" id=\"tb_173\">the Group`s homepage on internet. </span><span class=\"S3D52 SC8 S2\" id=\"tc_173\">At year end the Group has qualifying </span><span class=\"S3D53 SC8 S2\" id=\"td_173\">green investments that are signi\ufb01cantly </span><span class=\"S23AE SC8 S2\" id=\"te_173\">higher than the proceeds from the </span><span class=\"S3D54 SC8 S2\" id=\"tf_173\">loan. Thus, the Group has already </span><span class=\"S23B0 SC8 S2\" id=\"tg_173\">ful\ufb01lled it`s obligations concerning </span><span class=\"S3D55 SC8 S2\" id=\"th_173\">type of investments. </span><span class=\"S3D56 SC8 S2\" id=\"ti_173\">All three bond loans have no </span><span class=\"S3D57 SC8 S2\" id=\"tj_173\">instalments during the duration of </span><span class=\"S2141 SC8 S2\" id=\"tk_173\">the loan. The loans have a duration </span><span class=\"S2142 SC8 S2\" id=\"tl_173\">of 5, 6 and 10 years. The loans with </span><span class=\"S3D58 SC8 S2\" id=\"tm_173\">duration of 5 and 6 years have </span><span class=\"S22A4 SC8 S2\" id=\"tn_173\">\ufb02oating interest rate, with 4 termins </span><span class=\"S21E3 SC8 S2\" id=\"to_173\">each year. The loan with a duration </span><span class=\"S3D59 SC8 S2\" id=\"tp_173\">of 10 years, has a \ufb01xed interest rate, </span><span class=\"S3D5A SC8 S2\" id=\"tq_173\">with one annual termin. The bond </span><span class=\"S22A8 SC8 S2\" id=\"tr_173\">loans are measured at amortized </span><span class=\"S3D5B SC8 S2\" id=\"ts_173\">cost. The bond loans are unsecured. </span><span class=\"S3D5C SC8 S2\" id=\"tt_173\">Fair value is approximately the same </span><span class=\"S3D5D SC8 S2\" id=\"tu_173\">as net book value as of 31.12. </span><span class=\"S3D5E SC4 S2\" id=\"tv_173\">Value as of 31.12.2021 </span><span class=\"S3D5F SC4 S2\" id=\"tw_173\">Value as of 31.12.2022 </span><span class=\"S3D60 SC4 S2\" id=\"tx_173\">Speci\ufb01cation </span><span class=\"S3D61 SC4 S2\" id=\"ty_173\">Nominal </span><span class=\"S3D62 SC4 S2\" id=\"tz_173\">value </span><span class=\"S3D63 SC4 S2\" id=\"t10_173\">Drawing </span><span class=\"S3D64 SC4 S2\" id=\"t11_173\">costs </span><span class=\"S3D65 SC4 S2\" id=\"t12_173\">Net book </span><span class=\"S3D66 SC4 S2\" id=\"t13_173\">value </span><span class=\"S3D67 SC4 S2\" id=\"t14_173\">Amortizing </span><span class=\"S3D68 SC4 S2\" id=\"t15_173\">effect of </span><span class=\"S3D69 SC4 S2\" id=\"t16_173\">the period </span><span class=\"S3D6A SC4 S2\" id=\"t17_173\">Nominal </span><span class=\"S3D6B SC4 S2\" id=\"t18_173\">value </span><span class=\"S3D6C SC4 S2\" id=\"t19_173\">Unamortized </span><span class=\"S3D6D SC4 S2\" id=\"t1a_173\">drawing costs </span><span class=\"S3D6E SC4 S2\" id=\"t1b_173\">Net book </span><span class=\"S3D6F SC4 S2\" id=\"t1c_173\">value </span><span class=\"S3D70 SC5 S2\" id=\"t1d_173\">Bond loan 1, NOK 500 mill, duration 5 years, </span><span class=\"S3D71 SC5 S2\" id=\"t1e_173\">\ufb02oating interest </span><span class=\"S3D72 SC5 S2\" id=\"t1f_173\">500 000 </span><span class=\"S3D73 SC5 S2\" id=\"t1g_173\">-2 494 </span><span class=\"S3D74 SC5 S2\" id=\"t1h_173\">497 506 </span><span class=\"S3D75 SC5 S2\" id=\"t1i_173\">525 </span><span class=\"S3D76 SC5 S2\" id=\"t1j_173\">500 000 </span><span class=\"S3D77 SC5 S2\" id=\"t1k_173\">-1 969 </span><span class=\"S3D78 SC5 S2\" id=\"t1l_173\">498 031 </span><span class=\"S3D79 SC5 S2\" id=\"t1m_173\">Bond loan 2, NOK 500 mill, duration 6 years, </span><span class=\"S3D7A SC5 S2\" id=\"t1n_173\">\ufb02oating interest </span><span class=\"S3D7B SC5 S2\" id=\"t1o_173\">500 000 </span><span class=\"S3D7C SC5 S2\" id=\"t1p_173\">-2 516 </span><span class=\"S3D7D SC5 S2\" id=\"t1q_173\">497 484 </span><span class=\"S3D7E SC5 S2\" id=\"t1r_173\">438 </span><span class=\"S3D7F SC5 S2\" id=\"t1s_173\">500 000 </span><span class=\"S3D80 SC5 S2\" id=\"t1t_173\">-2 078 </span><span class=\"S3D81 SC5 S2\" id=\"t1u_173\">497 922 </span><span class=\"S3D82 SC5 S2\" id=\"t1v_173\">Bond loan 3, NOK 500 mill, duration </span><span class=\"S3D83 SC5 S2\" id=\"t1w_173\">10 years, \ufb01xed interest rate 3,35% </span><span class=\"S3D84 SC5 S2\" id=\"t1x_173\">500 000 </span><span class=\"S3D85 SC5 S2\" id=\"t1y_173\">-2 559 </span><span class=\"S3D86 SC5 S2\" id=\"t1z_173\">497 441 </span><span class=\"S3D87 SC5 S2\" id=\"t20_173\">262 </span><span class=\"S3D88 SC5 S2\" id=\"t21_173\">500 000 </span><span class=\"S3D89 SC5 S2\" id=\"t22_173\">-2 297 </span><span class=\"S3D8A SC5 S2\" id=\"t23_173\">497 703 </span><span class=\"S3C86 SC4 S2\" id=\"t24_173\">Total </span><span class=\"S3D8B SC4 S2\" id=\"t25_173\">1 500 000 </span><span class=\"S3D8C SC4 S2\" id=\"t26_173\">-7 569 </span><span class=\"S3D8D SC4 S2\" id=\"t27_173\">1 492 431 </span><span class=\"S3D8E SC4 S2\" id=\"t28_173\">1 225 </span><span class=\"S3D8F SC4 S2\" id=\"t29_173\">1 500 000 </span><span class=\"S3D90 SC4 S2\" id=\"t2a_173\">-6 344 </span><span class=\"S3D91 SC4 S2\" id=\"t2b_173\">1 493 656 </span><span class=\"S3D92 SC4 S2\" id=\"t2c_173\">Interests expensed, including amortizing effect </span><span class=\"S3D93 SC4 S2\" id=\"t2d_173\">2021 </span><span class=\"S3D94 SC4 S2\" id=\"t2e_173\">2022 </span><span class=\"S3D95 SC5 S2\" id=\"t2f_173\">Interests paid </span><span class=\"S3D96 SC5 S2\" id=\"t2g_173\">3 981 </span><span class=\"S3D97 SC5 S2\" id=\"t2h_173\">43 795 </span><span class=\"S3D98 SC5 S2\" id=\"t2i_173\">Interests accrued </span><span class=\"S3D99 SC5 S2\" id=\"t2j_173\">5 558 </span><span class=\"S3D9A SC5 S2\" id=\"t2k_173\">832 </span><span class=\"S3D9B SC5 S2\" id=\"t2l_173\">Amortizing effect </span><span class=\"S3D9C SC5 S2\" id=\"t2m_173\">306 </span><span class=\"S3D9D SC5 S2\" id=\"t2n_173\">1 225 </span><span class=\"S3D9E SC4 S2\" id=\"t2o_173\">Total </span><span class=\"S3D9F SC4 S2\" id=\"t2p_173\">9 846 </span><span class=\"S3DA0 SC4 S2\" id=\"t2q_173\">45 851 </span><span class=\"S3DA2 SC7 S2\" id=\"t1_174\">Payment pro\ufb01le \ufb01nancial liabilities and interest risk etc. </span><span class=\"S3DA3 SC4 S2\" id=\"t2_174\">Payment pro\ufb01le \ufb01nancial liabilities </span><span class=\"S3DA4 SC4 S2\" id=\"t3_174\">2023 </span><span class=\"S3DA5 SC4 S2\" id=\"t4_174\">2024 </span><span class=\"S3DA6 SC4 S2\" id=\"t5_174\">2025 </span><span class=\"S3DA7 SC4 S2\" id=\"t6_174\">2026 </span><span class=\"S3DA8 SC4 S2\" id=\"t7_174\">2027 </span><span class=\"S3DA9 SC4 S2\" id=\"t8_174\">Later </span><span class=\"S3DAA SC4 S2\" id=\"t9_174\">Total </span><span class=\"S28C8 SC4 S2\" id=\"ta_174\">Instalment pro\ufb01le long-term debt </span><span class=\"S3DAB SC5 S2\" id=\"tb_174\">Instalments on bond loans </span><span class=\"S3DAC SC5 S2\" id=\"tc_174\">0 </span><span class=\"S3DAD SC5 S2\" id=\"td_174\">0 </span><span class=\"S3DAE SC5 S2\" id=\"te_174\">0 </span><span class=\"S3DAF SC5 S2\" id=\"tf_174\">500 000 </span><span class=\"S3DB0 SC5 S2\" id=\"tg_174\">500 000 </span><span class=\"S3DB1 SC5 S2\" id=\"th_174\">500 000 </span><span class=\"S3DB2 SC4 S2\" id=\"ti_174\">1 500 000 </span><span class=\"S3DB3 SC5 S2\" id=\"tj_174\">Instalments on loans from credit institutions </span><span class=\"S3DB4 SC5 S2\" id=\"tk_174\">395 591 </span><span class=\"S3DB5 SC5 S2\" id=\"tl_174\">332 287 </span><span class=\"S3DB6 SC5 S2\" id=\"tm_174\">859 120 </span><span class=\"S3DB7 SC5 S2\" id=\"tn_174\">284 167 </span><span class=\"S3DB8 SC5 S2\" id=\"to_174\">538 578 </span><span class=\"S3DB9 SC5 S2\" id=\"tp_174\">1 426 921 </span><span class=\"S3DBA SC4 S2\" id=\"tq_174\">3 836 664 </span><span class=\"S3DBB SC5 S2\" id=\"tr_174\">Instalments on leasing debt to credit institutions </span><span class=\"S3DBC SC5 S2\" id=\"ts_174\">332 514 </span><span class=\"S3DBD SC5 S2\" id=\"tt_174\">202 186 </span><span class=\"S3DBE SC5 S2\" id=\"tu_174\">162 410 </span><span class=\"S3DBF SC5 S2\" id=\"tv_174\">152 858 </span><span class=\"S3DC0 SC5 S2\" id=\"tw_174\">126 356 </span><span class=\"S3DC1 SC5 S2\" id=\"tx_174\">237 391 </span><span class=\"S3DC2 SC4 S2\" id=\"ty_174\">1 213 715 </span><span class=\"S3DC3 SC5 S2\" id=\"tz_174\">Instalments on other long-term interest-bearing debt </span><span class=\"S3DC4 SC5 S2\" id=\"t10_174\">1 486 </span><span class=\"S3DC5 SC5 S2\" id=\"t11_174\">257 </span><span class=\"S3DC6 SC5 S2\" id=\"t12_174\">263 </span><span class=\"S3DC7 SC5 S2\" id=\"t13_174\">139 </span><span class=\"S3DC8 SC5 S2\" id=\"t14_174\">0 </span><span class=\"S3DC9 SC4 S2\" id=\"t15_174\">2 144 </span><span class=\"S3DCA SC4 S2\" id=\"t16_174\">Total instalments on long-term interest-bearing debt </span><span class=\"S3DCB SC4 S2\" id=\"t17_174\">729 591 </span><span class=\"S3DCC SC4 S2\" id=\"t18_174\">534 729 </span><span class=\"S3DCD SC4 S2\" id=\"t19_174\">1 021 793 </span><span class=\"S3DCE SC4 S2\" id=\"t1a_174\">937 164 </span><span class=\"S3DCF SC4 S2\" id=\"t1b_174\">1 164 935 </span><span class=\"S3DD0 SC4 S2\" id=\"t1c_174\">2 164 312 </span><span class=\"S3DD1 SC4 S2\" id=\"t1d_174\">6 552 523 </span><span class=\"S3DD2 SC4 S2\" id=\"t1e_174\">Instalment pro\ufb01le on other long term liabilities </span><span class=\"S3DD3 SC5 S2\" id=\"t1f_174\">Instalments on lease liabilities to others than </span><span class=\"S3DD4 SC5 S2\" id=\"t1g_174\">credit institutions </span><span class=\"S3DD5 SC5 S2\" id=\"t1h_174\">269 614 </span><span class=\"S3DD6 SC5 S2\" id=\"t1i_174\">217 651 </span><span class=\"S3DD7 SC5 S2\" id=\"t1j_174\">211 173 </span><span class=\"S3DD8 SC5 S2\" id=\"t1k_174\">190 652 </span><span class=\"S3DD9 SC5 S2\" id=\"t1l_174\">189 512 </span><span class=\"S3DDA SC5 S2\" id=\"t1m_174\">463 917 </span><span class=\"S3DDB SC4 S2\" id=\"t1n_174\">1 542 520 </span><span class=\"S3DDC SC5 S2\" id=\"t1o_174\">Instalments on other long-term non-interest bearing debt </span><span class=\"S3DDD SC5 S2\" id=\"t1p_174\">0 </span><span class=\"S3DDE SC5 S2\" id=\"t1q_174\">0 </span><span class=\"S3DDF SC5 S2\" id=\"t1r_174\">5 678 </span><span class=\"S3DE0 SC5 S2\" id=\"t1s_174\">0 </span><span class=\"S3DE1 SC4 S2\" id=\"t1t_174\">5 678 </span><span class=\"S3DE2 SC4 S2\" id=\"t1u_174\">Total instalments on long-term non-interest-bearing debt </span><span class=\"S3DE3 SC4 S2\" id=\"t1v_174\">269 614 </span><span class=\"S3DE4 SC4 S2\" id=\"t1w_174\">217 651 </span><span class=\"S3DE5 SC4 S2\" id=\"t1x_174\">211 173 </span><span class=\"S3DE6 SC4 S2\" id=\"t1y_174\">196 330 </span><span class=\"S3DE7 SC4 S2\" id=\"t1z_174\">189 512 </span><span class=\"S3DE8 SC4 S2\" id=\"t20_174\">463 917 </span><span class=\"S3DE9 SC4 S2\" id=\"t21_174\">1 548 198 </span><span class=\"S3DEA SC4 S2\" id=\"t22_174\">Interest payment pro\ufb01le long-term debt </span><span class=\"S3DEB SC5 S2\" id=\"t23_174\">Interest on bond loans </span><span class=\"S3DEC SC5 S2\" id=\"t24_174\">61 522 </span><span class=\"S3DED SC5 S2\" id=\"t25_174\">61 641 </span><span class=\"S3DEE SC5 S2\" id=\"t26_174\">61 522 </span><span class=\"S3DEF SC5 S2\" id=\"t27_174\">55 236 </span><span class=\"S3DF0 SC5 S2\" id=\"t28_174\">33 121 </span><span class=\"S3DF1 SC5 S2\" id=\"t29_174\">63 332 </span><span class=\"S3DF2 SC4 S2\" id=\"t2a_174\">336 374 </span><span class=\"S3DF3 SC5 S2\" id=\"t2b_174\">Interest on loans from credit institutions </span><span class=\"S3DF4 SC5 S2\" id=\"t2c_174\">116 437 </span><span class=\"S3DF5 SC5 S2\" id=\"t2d_174\">104 307 </span><span class=\"S3DF6 SC5 S2\" id=\"t2e_174\">84 062 </span><span class=\"S3DF7 SC5 S2\" id=\"t2f_174\">64 663 </span><span class=\"S3DF8 SC5 S2\" id=\"t2g_174\">50 896 </span><span class=\"S3DF9 SC5 S2\" id=\"t2h_174\">60 352 </span><span class=\"S3DFA SC4 S2\" id=\"t2i_174\">480 717 </span><span class=\"S3DFB SC5 S2\" id=\"t2j_174\">Interest on leasing debt to credit institutions </span><span class=\"S3DFC SC5 S2\" id=\"t2k_174\">33 754 </span><span class=\"S3DFD SC5 S2\" id=\"t2l_174\">25 138 </span><span class=\"S3DFE SC5 S2\" id=\"t2m_174\">19 264 </span><span class=\"S3DFF SC5 S2\" id=\"t2n_174\">14 184 </span><span class=\"S3E00 SC5 S2\" id=\"t2o_174\">9 686 </span><span class=\"S3E01 SC5 S2\" id=\"t2p_174\">12 780 </span><span class=\"S3E02 SC4 S2\" id=\"t2q_174\">114 806 </span><span class=\"S3E03 SC5 S2\" id=\"t2r_174\">Interest on lease liabilities to others than </span><span class=\"S3E04 SC5 S2\" id=\"t2s_174\">credit institutions </span><span class=\"S3E05 SC5 S2\" id=\"t2t_174\">56 309 </span><span class=\"S3E06 SC5 S2\" id=\"t2u_174\">46 564 </span><span class=\"S3E07 SC5 S2\" id=\"t2v_174\">37 987 </span><span class=\"S3E08 SC5 S2\" id=\"t2w_174\">29 950 </span><span class=\"S3E09 SC5 S2\" id=\"t2x_174\">22 347 </span><span class=\"S3E0A SC5 S2\" id=\"t2y_174\">61 249 </span><span class=\"S3E0B SC4 S2\" id=\"t2z_174\">254 406 </span><span class=\"S3D26 SC5 S2\" id=\"t30_174\">Interest on other long-term interest-bearing debt </span><span class=\"S3E0C SC5 S2\" id=\"t31_174\">56 </span><span class=\"S3E0D SC5 S2\" id=\"t32_174\">21 </span><span class=\"S3E0E SC5 S2\" id=\"t33_174\">11 </span><span class=\"S3E0F SC5 S2\" id=\"t34_174\">3 </span><span class=\"S3E10 SC5 S2\" id=\"t35_174\">0 </span><span class=\"S3E11 SC4 S2\" id=\"t36_174\">91 </span><span class=\"S3E12 SC4 S2\" id=\"t37_174\">Total </span><span class=\"S3E13 SC4 S2\" id=\"t38_174\">268 078 </span><span class=\"S3E14 SC4 S2\" id=\"t39_174\">237 671 </span><span class=\"S3E15 SC4 S2\" id=\"t3a_174\">202 846 </span><span class=\"S3E16 SC4 S2\" id=\"t3b_174\">164 036 </span><span class=\"S3E17 SC4 S2\" id=\"t3c_174\">116 050 </span><span class=\"S3E18 SC4 S2\" id=\"t3d_174\">197 713 </span><span class=\"S3E19 SC4 S2\" id=\"t3e_174\">1 186 394 </span><span class=\"S3E1A SAF1 S2\" id=\"t3f_174\">* The impact from interest swap contracts is included in the amounts. </span><span class=\"S5A SC4 S2\" id=\"t3g_174\">Other short-term \ufb01nancial liabilities </span><span class=\"S3E1B SC5 S2\" id=\"t3h_174\">Overdraft (interest bearing debt) </span><span class=\"S3E1C SC5 S2\" id=\"t3i_174\">1 064 097 </span><span class=\"S3E1D SC4 S2\" id=\"t3j_174\">1 064 097 </span><span class=\"S3E1E SC5 S2\" id=\"t3k_174\">Other short term credits and loans (interest bearing debt) </span><span class=\"S3E1F SC5 S2\" id=\"t3l_174\">40 683 </span><span class=\"S3E20 SC4 S2\" id=\"t3m_174\">40 683 </span><span class=\"S3E21 SC5 S2\" id=\"t3n_174\">Accrued interests </span><span class=\"S3E22 SC5 S2\" id=\"t3o_174\">28 443 </span><span class=\"S3E23 SC4 S2\" id=\"t3p_174\">28 443 </span><span class=\"S3E24 SC5 S2\" id=\"t3q_174\">Trade payables </span><span class=\"S3E25 SC5 S2\" id=\"t3r_174\">2 076 939 </span><span class=\"S3E26 SC4 S2\" id=\"t3s_174\">2 076 939 </span><span class=\"S3E27 SC5 S2\" id=\"t3t_174\">Other short-term liabilities, excl. tax payable and </span><span class=\"S3E28 SC5 S2\" id=\"t3u_174\">public duties payable </span><span class=\"S3E29 SC5 S2\" id=\"t3v_174\">860 374 </span><span class=\"S3E2A SC4 S2\" id=\"t3w_174\">860 374 </span><span class=\"S3E2B SC4 S2\" id=\"t3x_174\">Total </span><span class=\"S3E2C SC4 S2\" id=\"t3y_174\">4 070 536 </span><span class=\"S3E2D SC4 S2\" id=\"t3z_174\">0 </span><span class=\"S3E2E SC4 S2\" id=\"t40_174\">0 </span><span class=\"S3E2F SC4 S2\" id=\"t41_174\">0 </span><span class=\"S3E30 SC4 S2\" id=\"t42_174\">0 </span><span class=\"S3E31 SC4 S2\" id=\"t43_174\">0 </span><span class=\"S3E32 SC4 S2\" id=\"t44_174\">4 070 536 </span><span class=\"S3D48 SC4 S2\" id=\"t45_174\">Grand total </span><span class=\"S3E33 SC4 S2\" id=\"t46_174\">5 337 820 </span><span class=\"S3E34 SC4 S2\" id=\"t47_174\">990 052 </span><span class=\"S3E35 SC4 S2\" id=\"t48_174\">1 435 812 </span><span class=\"S3E36 SC4 S2\" id=\"t49_174\">1 297 530 </span><span class=\"S3E37 SC4 S2\" id=\"t4a_174\">1 470 496 </span><span class=\"S3E38 SC4 S2\" id=\"t4b_174\">2 825 942 </span><span class=\"S3E39 SC4 S2\" id=\"t4c_174\">13 357 651 </span><span class=\"S3E3A SC5 S2\" id=\"t4d_174\">The Group\u2019s \ufb01nancial liabilities are classi\ufb01ed according to payment pro\ufb01le. Classi\ufb01cation is based on contractually agreed date of maturity. </span><span class=\"S3E3B SC5 S2\" id=\"t4e_174\">The \ufb01nancial liability from the interest rate swap de\ufb01ned as cash \ufb02ow hedge is included in the estimated interest costs on the hedged item. </span><span class=\"S3E3C SC4 S2\" id=\"t4f_174\">Liquidity reserve as of 31.12 </span><span class=\"S3E3D SC4 S2\" id=\"t4g_174\">2022 </span><span class=\"S3E3E SC4 S2\" id=\"t4h_174\">2021 </span><span class=\"S3E3F SC5 S2\" id=\"t4i_174\">Bank deposits </span><span class=\"S3E40 SC5 S2\" id=\"t4j_174\">3 304 878 </span><span class=\"S3E41 SC5 S2\" id=\"t4k_174\">4 203 146 </span><span class=\"S3E42 SC5 S2\" id=\"t4l_174\">Unutilized drawing facilities </span><span class=\"S3E43 SC5 S2\" id=\"t4m_174\">2 875 225 </span><span class=\"S3E44 SC5 S2\" id=\"t4n_174\">3 581 100 </span><span class=\"S3E45 SC4 S2\" id=\"t4o_174\">Total </span><span class=\"S3E46 SC4 S2\" id=\"t4p_174\">6 180 103 </span><span class=\"S3E47 SC4 S2\" id=\"t4q_174\">7 784 246 </span><span class=\"S3E49 SC4 S2\" id=\"t1_175\">Payment pro\ufb01le interest-bearing debt </span><span class=\"S3E4A SC4 S2\" id=\"t2_175\">2022 </span><span class=\"S3E4B SC4 S2\" id=\"t3_175\">2023 </span><span class=\"S3E4C SC4 S2\" id=\"t4_175\">2024 </span><span class=\"S3E4D SC4 S2\" id=\"t5_175\">2025 </span><span class=\"S3E4E SC4 S2\" id=\"t6_175\">2026 </span><span class=\"S3E4F SC4 S2\" id=\"t7_175\">2027 </span><span class=\"S3E50 SC4 S2\" id=\"t8_175\">Later </span><span class=\"S3E51 SC5 S2\" id=\"t9_175\">Interest-bearing debt 01.01 </span><span class=\"S3E52 SC5 S2\" id=\"ta_175\">7 650 </span><span class=\"S3E53 SC5 S2\" id=\"tb_175\">960 </span><span class=\"S3E54 SC5 S2\" id=\"tc_175\">5 816 589 </span><span class=\"S3E55 SC5 S2\" id=\"td_175\">5 281 860 </span><span class=\"S3E56 SC5 S2\" id=\"te_175\">4 260 067 </span><span class=\"S3E57 SC5 S2\" id=\"tf_175\">3 322 903 </span><span class=\"S3E58 SC5 S2\" id=\"tg_175\">2 157 968 </span><span class=\"S3E59 SC5 S2\" id=\"th_175\">Instalments on long term interest bearing debt </span><span class=\"S3E5A SC5 S2\" id=\"ti_175\">-729 591 </span><span class=\"S3E5B SC5 S2\" id=\"tj_175\">-534 729 </span><span class=\"S3E5C SC5 S2\" id=\"tk_175\">-1 021 793 </span><span class=\"S3E5D SC5 S2\" id=\"tl_175\">-937 164 </span><span class=\"S3E5E SC5 S2\" id=\"tm_175\">-1 164 935 </span><span class=\"S3E5F SC5 S2\" id=\"tn_175\">-2 157 </span><span class=\"S3E60 SC5 S2\" id=\"to_175\">968 </span><span class=\"S3E61 SC5 S2\" id=\"tp_175\">Instalments on short term interest bearing debt </span><span class=\"S3E62 SC5 S2\" id=\"tq_175\">-1 104 780 </span><span class=\"S3E63 SC4 S2\" id=\"tr_175\">Interest-bearing debt 31.12 </span><span class=\"S3E64 SC4 S2\" id=\"ts_175\">7 650 960 </span><span class=\"S3E65 SC4 S2\" id=\"tt_175\">5 816 589 </span><span class=\"S3E66 SC4 S2\" id=\"tu_175\">5 281 860 </span><span class=\"S3E67 SC4 S2\" id=\"tv_175\">4 260 067 </span><span class=\"S3E68 SC4 S2\" id=\"tw_175\">3 322 903 </span><span class=\"S3E69 SC4 S2\" id=\"tx_175\">2 157 968 </span><span class=\"S3E6A SC4 S2\" id=\"ty_175\">0 </span><span class=\"S3E6B SC4 S2\" id=\"tz_175\">Interest-bearing debt 31.12 </span><span class=\"S3E6C SC4 S2\" id=\"t10_175\">secured with \ufb01xed interest rate </span><span class=\"S3E6D SC4 S2\" id=\"t11_175\">2022 </span><span class=\"S3E6E SC4 S2\" id=\"t12_175\">2023 </span><span class=\"S3E6F SC4 S2\" id=\"t13_175\">2024 </span><span class=\"S3E70 SC4 S2\" id=\"t14_175\">2025 </span><span class=\"S3E71 SC4 S2\" id=\"t15_175\">2026 </span><span class=\"S3E72 SC4 S2\" id=\"t16_175\">2027 </span><span class=\"S3E73 SC4 S2\" id=\"t17_175\">Later </span><span class=\"S3E74 SC5 S2\" id=\"t18_175\">NOK 500 mill, 10.09.2021 - 17.09.2031 (bond loan) </span><span class=\"S3E75 SC5 S2\" id=\"t19_175\">497 703 </span><span class=\"S3E76 SC5 S2\" id=\"t1a_175\">497 966 </span><span class=\"S3E77 SC5 S2\" id=\"t1b_175\">498 228 </span><span class=\"S3E78 SC5 S2\" id=\"t1c_175\">498 491 </span><span class=\"S3E79 SC5 S2\" id=\"t1d_175\">498 753 </span><span class=\"S3E7A SC5 S2\" id=\"t1e_175\">499 016 </span><span class=\"S3E7B SC5 S2\" id=\"t1f_175\">0 </span><span class=\"S3E7C SC5 S2\" id=\"t1g_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E7D SC5 S2\" id=\"t1h_175\">323 438 </span><span class=\"S3E7E SC5 S2\" id=\"t1i_175\">304 688 </span><span class=\"S3E7F SC5 S2\" id=\"t1j_175\">285 938 </span><span class=\"S3E80 SC5 S2\" id=\"t1k_175\">267 188 </span><span class=\"S3E81 SC5 S2\" id=\"t1l_175\">248 438 </span><span class=\"S3E82 SC5 S2\" id=\"t1m_175\">0 </span><span class=\"S3E83 SC5 S2\" id=\"t1n_175\">0 </span><span class=\"S3E84 SC5 S2\" id=\"t1o_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E85 SC5 S2\" id=\"t1p_175\">323 438 </span><span class=\"S3E86 SC5 S2\" id=\"t1q_175\">304 688 </span><span class=\"S3E87 SC5 S2\" id=\"t1r_175\">285 938 </span><span class=\"S3E88 SC5 S2\" id=\"t1s_175\">267 188 </span><span class=\"S3E89 SC5 S2\" id=\"t1t_175\">248 438 </span><span class=\"S3E8A SC5 S2\" id=\"t1u_175\">0 </span><span class=\"S3E8B SC5 S2\" id=\"t1v_175\">0 </span><span class=\"S3E8C SC5 S2\" id=\"t1w_175\">Secured interest-bearing debt </span><span class=\"S3E8D SC5 S2\" id=\"t1x_175\">1 144 578 </span><span class=\"S3E8E SC5 S2\" id=\"t1y_175\">1 107 341 </span><span class=\"S3E8F SC5 S2\" id=\"t1z_175\">1 070 103 </span><span class=\"S3E90 SC5 S2\" id=\"t20_175\">1 032 866 </span><span class=\"S3E91 SC5 S2\" id=\"t21_175\">995 628 </span><span class=\"S3E92 SC5 S2\" id=\"t22_175\">499 016 </span><span class=\"S3E93 SC5 S2\" id=\"t23_175\">0 </span><span class=\"S3E94 SC5 S2\" id=\"t24_175\">Unsecured interest-bearing debt </span><span class=\"S3E95 SC5 S2\" id=\"t25_175\">6 506 382 </span><span class=\"S3E96 SC5 S2\" id=\"t26_175\">4 709 248 </span><span class=\"S3E97 SC5 S2\" id=\"t27_175\">4 211 757 </span><span class=\"S3E98 SC5 S2\" id=\"t28_175\">3 227 201 </span><span class=\"S3E99 SC5 S2\" id=\"t29_175\">2 327 275 </span><span class=\"S3E9A SC5 S2\" id=\"t2a_175\">1 658 953 </span><span class=\"S3E9B SC5 S2\" id=\"t2b_175\">1 661 882 </span><span class=\"S3E9C SC4 S2\" id=\"t2c_175\">Total interest-bearing debt </span><span class=\"S3E9D SC4 S2\" id=\"t2d_175\">7 650 960 </span><span class=\"S3E9E SC4 S2\" id=\"t2e_175\">5 816 589 </span><span class=\"S3E9F SC4 S2\" id=\"t2f_175\">5 281 860 </span><span class=\"S3EA0 SC4 S2\" id=\"t2g_175\">4 260 067 </span><span class=\"S3EA1 SC4 S2\" id=\"t2h_175\">3 322 903 </span><span class=\"S3EA2 SC4 S2\" id=\"t2i_175\">2 157 968 </span><span class=\"S3EA3 SC4 S2\" id=\"t2j_175\">1 661 882 </span><span class=\"S3EA4 SC5 S2\" id=\"t2k_175\">Portion exposed to interest rate changes </span><span class=\"S3EA5 SC5 S2\" id=\"t2l_175\">85 % </span><span class=\"S3EA6 SC5 S2\" id=\"t2m_175\">81 % </span><span class=\"S3EA7 SC5 S2\" id=\"t2n_175\">80 % </span><span class=\"S3EA8 SC5 S2\" id=\"t2o_175\">76 % </span><span class=\"S3EA9 SC5 S2\" id=\"t2p_175\">70 % </span><span class=\"S3EAA SC5 S2\" id=\"t2q_175\">77 % </span><span class=\"S3EAB SC5 S2\" id=\"t2r_175\">100 % </span><span class=\"S3EAC SC4 S2\" id=\"t2s_175\">The exposure of the Group\u2019s borrowings to interest rate changes and the contractual repricing dates </span><span class=\"S3EAD SC4 S2\" id=\"t2t_175\">2022 </span><span class=\"S3EAE SC4 S2\" id=\"t2u_175\">2021 </span><span class=\"S3EAF SC5 S2\" id=\"t2v_175\">6 months or less </span><span class=\"S3EB0 SC5 S2\" id=\"t2w_175\">0 </span><span class=\"S3EB1 SC5 S2\" id=\"t2x_175\">500 000 </span><span class=\"S3EB2 SC5 S2\" id=\"t2y_175\">6-12 months </span><span class=\"S3EB3 SC5 S2\" id=\"t2z_175\">0 </span><span class=\"S3EB4 SC5 S2\" id=\"t30_175\">0 </span><span class=\"S3EB5 SC5 S2\" id=\"t31_175\">1-5 years </span><span class=\"S3EB6 SC5 S2\" id=\"t32_175\">646 875 </span><span class=\"S3EB7 SC5 S2\" id=\"t33_175\">0 </span><span class=\"S3EB8 SC5 S2\" id=\"t34_175\">Over 5 years </span><span class=\"S3EB9 SC5 S2\" id=\"t35_175\">497 703 </span><span class=\"S3EBA SC5 S2\" id=\"t36_175\">1 181 816 </span><span class=\"S3EBB SC4 S2\" id=\"t37_175\">Total secured interest-bearing debt </span><span class=\"S3EBC SC4 S2\" id=\"t38_175\">1 144 578 </span><span class=\"S3EBD SC4 S2\" id=\"t39_175\">1 681 816 </span><span class=\"S3EBE SC4 S2\" id=\"t3a_175\">Total unsecured interest-bearing debt </span><span class=\"S3EBF SC4 S2\" id=\"t3b_175\">6 506 382 </span><span class=\"S3EC0 SC4 S2\" id=\"t3c_175\">5 818 816 </span><span class=\"S3EC1 SC4 S2\" id=\"t3d_175\">A change in insterest rate of 1% will increase the interest cost in 2023 with approxemately </span><span class=\"S3EC2 SC4 S2\" id=\"t3e_175\">65 064 </span><span class=\"S3EC3 SC4 S2\" id=\"t3f_175\">58 188 </span><span class=\"S3EC4 SC7 S2\" id=\"t3g_175\">Fair value, borrowing costs </span><span class=\"S3EC5 SC8 S2\" id=\"t3h_175\">The book value of long-term debt </span><span class=\"S3EC6 SC8 S2\" id=\"t3i_175\">approximates fair value. There are no </span><span class=\"S3EC7 SC8 S2\" id=\"t3j_175\">signi\ufb01cant new loan charges that are </span><span class=\"S3EC8 SC8 S2\" id=\"t3k_175\">not amortised over the life of the loan. </span><span class=\"S3EC9 SC7 S2\" id=\"t3l_175\">Covenants </span><span class=\"S3ECA SC8 S2\" id=\"t3m_175\">The Group's main borrowing conditions </span><span class=\"S3ECB SC8 S2\" id=\"t3n_175\">(\"covenants\") in the different loan </span><span class=\"S3ECC SC8 S2\" id=\"t3o_175\">agreements are to maintain an equity </span><span class=\"S3ECD SC8 S2\" id=\"t3p_175\">ratio of at least 25% and at least 30%. </span><span class=\"S3ECE SC8 S2\" id=\"t3q_175\">When calculating the equity ratio, </span><span class=\"S3ED9 SC8 S2\" id=\"t41_175\">the balance sheet value is adjusted </span><span class=\"S3EDA SC8 S2\" id=\"t42_175\">for bank deposits and deferred tax </span><span class=\"S3EDB SC8 S2\" id=\"t43_175\">associated with licences. There are also </span><span class=\"S3EDC SC8 S2\" id=\"t44_175\">some capital adequacy requirements </span><span class=\"S3EDD SC8 S2\" id=\"t45_175\">in some of the subsidiaries that are </span><span class=\"S3EDE SC8 S2\" id=\"t46_175\">all 30% or lower. Finally, there are </span><span class=\"S3EDF SC8 S2\" id=\"t47_175\">requirements regarding a so-called </span><span class=\"S3EE0 SC8 S2\" id=\"t48_175\">\"borrowing base\" in Ler\u00f8y Midt AS, </span><span class=\"S3EE1 SC8 S2\" id=\"t49_175\">Ler\u00f8y Vest AS and Sj\u00f8troll Havbruk AS </span><span class=\"S3EE2 SC8 S2\" id=\"t4a_175\">for the short-term overdraft facilities. </span><span class=\"S3EE3 SC8 S2\" id=\"t4b_175\">More speci\ufb01cally, this means that the </span><span class=\"S3EE4 SC8 S2\" id=\"t4c_175\">utilisation of the facility must not </span><span class=\"S3ECF SC8 S2\" id=\"t3r_175\">exceed a certain level of one or more </span><span class=\"S3ED0 SC8 S2\" id=\"t3s_175\">accounting lines. </span><span class=\"S3ED1 SC8 S2\" id=\"t3t_175\">In this case the </span><span class=\"S3ED2 SC8 S2\" id=\"t3u_175\">relevant accounting lines are </span><span class=\"S3ED3 SC8 S2\" id=\"t3v_175\">inventory, trade receivables and </span><span class=\"S3ED4 SC8 S2\" id=\"t3w_175\">other receivables. </span><span class=\"S3ED5 SC8 S2\" id=\"t3x_175\">None of the Group companies has </span><span class=\"S3ED6 SC8 S2\" id=\"t3y_175\">entered into a position where they </span><span class=\"S3ED7 SC8 S2\" id=\"t3z_175\">have become in breach of their </span><span class=\"S3ED8 SC8 S2\" id=\"t40_175\">covenants in 2022. </span><span class=\"S3EE6 SC7 S2\" id=\"t1_176\">Loans secured by mortgages and mortgaged assets </span><span class=\"S3EE7 SC7 S2\" id=\"t2_176\">Guaranties on behalf of third party liabilities </span><span class=\"S3EE8 SC4 S2\" id=\"t3_176\">Loans secured by mortgages consists of </span><span class=\"S3EE9 SC4 S2\" id=\"t4_176\">2022 </span><span class=\"S3EEA SC4 S2\" id=\"t5_176\">2021 </span><span class=\"S3EEB SC5 S2\" id=\"t6_176\">Long-term loans from credit institutions, etc. </span><span class=\"S3EEC SC5 S2\" id=\"t7_176\">3 836 664 </span><span class=\"S3EED SC5 S2\" id=\"t8_176\">4 186 882 </span><span class=\"S3EEE SC5 S2\" id=\"t9_176\">Other long-term interest-bearing debt </span><span class=\"S3EEF SC5 S2\" id=\"ta_176\">2 145 </span><span class=\"S3EF0 SC5 S2\" id=\"tb_176\">1 182 </span><span class=\"S3EF1 SC5 S2\" id=\"tc_176\">Short-term debt to credit institutions (overdrafts) </span><span class=\"S3EF2 SC5 S2\" id=\"td_176\">1 064 097 </span><span class=\"S3EF3 SC5 S2\" id=\"te_176\">540 933 </span><span class=\"S3EF4 SC5 S2\" id=\"tf_176\">Other short term interest bearing loans and credits </span><span class=\"S3EF5 SC5 S2\" id=\"tg_176\">40 683 </span><span class=\"S3EF6 SC5 S2\" id=\"th_176\">41 457 </span><span class=\"S3EF7 SC4 S2\" id=\"ti_176\">Total liabilities secured by mortgages as of 31.12 </span><span class=\"S3EF8 SC4 S2\" id=\"tj_176\">4 943 589 </span><span class=\"S3EF9 SC4 S2\" id=\"tk_176\">4 770 453 </span><span class=\"S3EFA SC4 S2\" id=\"tl_176\">Mortgaged assets </span><span class=\"S3EFB SC4 S2\" id=\"tm_176\">2022 </span><span class=\"S3EFC SC4 S2\" id=\"tn_176\">2021 </span><span class=\"S3EFD SC5 S2\" id=\"to_176\">Trade and other receivables </span><span class=\"S3EFE SC5 S2\" id=\"tp_176\">1 053 974 </span><span class=\"S3EFF SC5 S2\" id=\"tq_176\">1 281 103 </span><span class=\"S3F00 SC5 S2\" id=\"tr_176\">Shares in associates (Norskott Havbruk AS) </span><span class=\"S3F01 SC5 S2\" id=\"ts_176\">1 152 856 </span><span class=\"S3F02 SC5 S2\" id=\"tt_176\">1 094 884 </span><span class=\"S3F03 SC5 S2\" id=\"tu_176\">Biological assets and other goods </span><span class=\"S3F04 SC5 S2\" id=\"tv_176\">7 342 775 </span><span class=\"S3F05 SC5 S2\" id=\"tw_176\">6 774 063 </span><span class=\"S3F06 SC5 S2\" id=\"tx_176\">Fixed assets </span><span class=\"S3F07 SC5 S2\" id=\"ty_176\">7 014 511 </span><span class=\"S3F08 SC5 S2\" id=\"tz_176\">5 500 143 </span><span class=\"S3F09 SC5 S2\" id=\"t10_176\">Licences * </span><span class=\"S3F0A SC5 S2\" id=\"t11_176\">1 135 949 </span><span class=\"S3F0B SC5 S2\" id=\"t12_176\">1 366 960 </span><span class=\"S3F0C SC4 S2\" id=\"t13_176\">Net book value on mortgaged assets as of 31.12 </span><span class=\"S3F0D SC4 S2\" id=\"t14_176\">17 700 065 </span><span class=\"S3F0E SC4 S2\" id=\"t15_176\">16 017 153 </span><span class=\"S3F0F SAF1 S2\" id=\"t16_176\">* Mortgaged licences concern licences owned by Ler\u00f8y Midt AS and Ler\u00f8y Vest AS </span><span class=\"S3F10 SC4 S2\" id=\"t17_176\">Guraranties as of 31.12 </span><span class=\"S3F11 SC4 S2\" id=\"t18_176\">2022 </span><span class=\"S3F12 SC4 S2\" id=\"t19_176\">2021 </span><span class=\"S3F13 SC5 S2\" id=\"t1a_176\">Guraranties on behalf of associated companies </span><span class=\"S3F14 SC5 S2\" id=\"t1b_176\">7 660 </span><span class=\"S3F15 SC5 S2\" id=\"t1c_176\">7 660 </span><span class=\"S3F16 SC5 S2\" id=\"t1d_176\">Guraranties on behalf of other third parties </span><span class=\"S3F17 SC5 S2\" id=\"t1e_176\">4 000 </span><span class=\"S3F18 SC5 S2\" id=\"t1f_176\">2 050 </span><span class=\"S3F19 SC4 S2\" id=\"t1g_176\">Total </span><span class=\"S3F1A SC4 S2\" id=\"t1h_176\">11 660 </span><span class=\"S3F1B SC4 S2\" id=\"t1i_176\">9 710 </span><span class=\"S3F1C SC5 S2\" id=\"t1j_176\">As an alternative to direct investment, the Group has in some few cases accepted to guarantee on behalf of third party liabilities. </span><span class=\"S3F1D SC5 S2\" id=\"t1k_176\">The speci\ufb01c guarantees are on behalf of \ufb01shermen, that deliver Wild catches to the Group. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f11464": {
   "value": "<span class=\"S2265 SC7 S2\" id=\"t22_126\">Net-interest-bearing debt (NIBD) </span><span class=\"S2266 SC8 S2\" id=\"t23_126\">NIBD is an APM utilized by the Group. </span><span class=\"S2267 SC8 S2\" id=\"t24_126\">The \ufb01gure shows how much capital </span><span class=\"S2268 SC8 S2\" id=\"t25_126\">the Group employs and is an important </span><span class=\"S2269 SC8 S2\" id=\"t26_126\">key \ufb01gure for stakeholders who are </span><span class=\"S226A SC8 S2\" id=\"t27_126\">planning to grant \ufb01nancing to the </span><span class=\"S226B SC8 S2\" id=\"t28_126\">Group and for stakeholders who </span><span class=\"S226C SC8 S2\" id=\"t29_126\">want to value the company. NIBD is </span><span class=\"S226D SC8 S2\" id=\"t2a_126\">de\ufb01ned as interest-bearing </span><span class=\"S226E SC8 S2\" id=\"t2b_126\">commitments, both short-term and </span><span class=\"S226F SC8 S2\" id=\"t2c_126\">long-term, to persons or institutions </span><span class=\"S2270 SC8 S2\" id=\"t2d_126\">with the main purpose of providing </span><span class=\"S2271 SC8 S2\" id=\"t2e_126\">\ufb01nancing and/or credit, minus interest- </span><span class=\"S2272 SC8 S2\" id=\"t2f_126\">bearing cash or cash equivalents. </span><span class=\"S2273 SC8 S2\" id=\"t2g_126\">\u00a0</span><span class=\"S2274 SC8 S2\" id=\"t2h_126\">Since NIBD is an APM, with no common </span><span class=\"S2275 SC8 S2\" id=\"t2i_126\">de\ufb01nition from IFRS, different </span><span class=\"S2276 SC8 S2\" id=\"t2j_126\">de\ufb01nitions and versions of this APM </span><span class=\"S2277 SC8 S2\" id=\"t2k_126\">exist today in the reporting from the </span><span class=\"S2278 SC8 S2\" id=\"t2l_126\">companies. The most important </span><span class=\"S2279 SC8 S2\" id=\"t2m_126\">difference relates to the recognition </span><span class=\"S227A SC8 S2\" id=\"t2n_126\">of lease liabilities. Some companies </span><span class=\"S227B SC8 S2\" id=\"t2o_126\">include all lease liabilities in NIBD. </span><span class=\"S227C SC8 S2\" id=\"t2p_126\">Other companies exclude all lease </span><span class=\"S227D SC8 S2\" id=\"t2q_126\">liabilities from their NIBD. And some </span><span class=\"S227E SC8 S2\" id=\"t2r_126\">use a combination. Therefore, it is </span><span class=\"S227F SC8 S2\" id=\"t2s_126\">important to be aware of this </span><span class=\"S2280 SC8 S2\" id=\"t2t_126\">difference when comparing between </span><span class=\"S2281 SC8 S2\" id=\"t2u_126\">companies. Ler\u00f8y Seafood Group use </span><span class=\"S2282 SC8 S2\" id=\"t2v_126\">a combination, with an approach </span><span class=\"S2283 SC8 S2\" id=\"t2w_126\">that distinct between lease liabilities </span><span class=\"S2284 SC8 S2\" id=\"t2x_126\">derived from a \ufb01nancing purpose </span><span class=\"S2285 SC8 S2\" id=\"t2y_126\">and lease liabilities that are not. </span><span class=\"S2286 SC8 S2\" id=\"t2z_126\">In practice, this distinction is based on </span><span class=\"S2287 SC8 S2\" id=\"t30_126\">what kind of party the company has </span><span class=\"S2288 SC8 S2\" id=\"t31_126\">made the leasing agreement with. </span><span class=\"S2289 SC8 S2\" id=\"t32_126\">On the date of implementation of </span><span class=\"S228A SC8 S2\" id=\"t33_126\">IFRS 16, the Group`s \ufb01nancial leasing </span><span class=\"S228B SC8 S2\" id=\"t34_126\">liabilities was almost only with credit </span><span class=\"S228C SC8 S2\" id=\"t35_126\">institutions, with the main purpose of </span><span class=\"S228D SC8 S2\" id=\"t36_126\">providing the Group \ufb01nancing. These </span><span class=\"S228E SC8 S2\" id=\"t37_126\">agreements shared the principle that </span><span class=\"S228F SC8 S2\" id=\"t38_126\">the duration of the lease period </span><span class=\"S2290 SC8 S2\" id=\"t39_126\">covered most of the economic lifetime </span><span class=\"S2291 SC8 S2\" id=\"t3a_126\">of the asset involved. When it comes </span><span class=\"S2292 SC8 S2\" id=\"t3b_126\">to the operational leasing liabilities, </span><span class=\"S2293 SC8 S2\" id=\"t3c_126\">these agreements did nearly only </span><span class=\"S2294 SC8 S2\" id=\"t3d_126\">concern rentals for well-boats and </span><span class=\"S2295 SC8 S2\" id=\"t3e_126\">buildings, from shipping companies </span><span class=\"S2296 SC8 S2\" id=\"t3f_126\">and real estate developers, where </span><span class=\"S2299 SC8 S2\" id=\"t1_127\">de\ufb01nition of NIBD. </span><span class=\"S229A SC8 S2\" id=\"t2_127\">Lease liabilities to credit institutions </span><span class=\"S229B SC8 S2\" id=\"t3_127\">are included in NIBD and the Group`s </span><span class=\"S229C SC8 S2\" id=\"t4_127\">communication of changes in NIBD, </span><span class=\"S1DC7 SC8 S2\" id=\"t5_127\">while lease liabilities to others than </span><span class=\"S229D SC8 S2\" id=\"t6_127\">credit institutions are not included. </span><span class=\"S229E SC8 S2\" id=\"t7_127\">The corresponding right-of-use assets </span><span class=\"S229F SC8 S2\" id=\"t8_127\">from leases with credit institutions are </span><span class=\"S22A0 SC8 S2\" id=\"t9_127\">included in the Group`s communication </span><span class=\"S22A1 SC8 S2\" id=\"ta_127\">of investments, while right-of-use </span><span class=\"S22A2 SC8 S2\" id=\"tb_127\">assets from leases with others than </span><span class=\"S1DCE SC8 S2\" id=\"tc_127\">credit institutions are not included. </span><span class=\"S22A3 SC8 S2\" id=\"td_127\">Thus, the de\ufb01nition ensures symmetry </span><span class=\"S22A4 SC8 S2\" id=\"te_127\">between what`s reported as the </span><span class=\"S22A5 SC8 S2\" id=\"tf_127\">Group`s investments and the </span><span class=\"S22A6 SC8 S2\" id=\"tg_127\">accompanying information on how </span><span class=\"S22A7 SC8 S2\" id=\"th_127\">this has been \ufb01nanced. The Group`s </span><span class=\"S22A8 SC8 S2\" id=\"ti_127\">NIBD is therefore not impacted from </span><span class=\"S22A9 SC8 S2\" id=\"tj_127\">the type of \ufb01nancing, in terms of loans </span><span class=\"S22AA SC8 S2\" id=\"tk_127\">versus leases. This approach also </span><span class=\"S22AB SC8 S2\" id=\"tl_127\">ensures an NIBD basically unimpacted </span><span class=\"S22AC SC8 S2\" id=\"tm_127\">from the implementation of IFRS 16 in </span><span class=\"S22AD SC8 S2\" id=\"tn_127\">2019. This implies that the Group`s key </span><span class=\"S22AE SC8 S2\" id=\"to_127\">\ufb01nancial \ufb01gures that includes NIBD in </span><span class=\"S22AF SC8 S2\" id=\"tp_127\">the calculation, still are comparable </span><span class=\"S22B0 SC8 S2\" id=\"tq_127\">over time. </span><span class=\"S22B1 SC8 S2\" id=\"tr_127\">\ufb01nancing was not the purpose, and </span><span class=\"S21BD SC8 S2\" id=\"ts_127\">where the rental period was much </span><span class=\"S22B2 SC8 S2\" id=\"tt_127\">shorter than the economic lifetime of </span><span class=\"S22B3 SC8 S2\" id=\"tu_127\">the asset involved. </span><span class=\"S22B4 SC8 S2\" id=\"tv_127\">In the Group`s communication to the </span><span class=\"S22B5 SC8 S2\" id=\"tw_127\">capital market about how much cash </span><span class=\"S22B6 SC8 S2\" id=\"tx_127\">the Group has spent on investments, </span><span class=\"S22B7 SC8 S2\" id=\"ty_127\">and how this is \ufb01nanced, this </span><span class=\"S22B8 SC8 S2\" id=\"tz_127\">distinction is of relevance. Therefore, </span><span class=\"S22B9 SC8 S2\" id=\"t10_127\">this distinction between leases with </span><span class=\"S22BA SC8 S2\" id=\"t11_127\">credit institutions and leases with </span><span class=\"S22BB SC8 S2\" id=\"t12_127\">others than credit institutions is </span><span class=\"S22BC SC8 S2\" id=\"t13_127\">established and included in the Group`s </span><span class=\"S22BD SC4 S2\" id=\"t14_127\">Lease liability consists of </span><span class=\"S22BE SC4 S2\" id=\"t15_127\">31.12.2022 </span><span class=\"S22BF SC4 S2\" id=\"t16_127\">31.12.2021 </span><span class=\"S22C0 SC5 S2\" id=\"t17_127\">Lease liabilities to credit institutions </span><span class=\"S22C1 SC5 S2\" id=\"t18_127\">1 213 715 </span><span class=\"S22C2 SC5 S2\" id=\"t19_127\">1 236 528 </span><span class=\"S22C3 SC5 S2\" id=\"t1a_127\">Lease liabilities to other than credit institutions </span><span class=\"S22C4 SC5 S2\" id=\"t1b_127\">1 542 520 </span><span class=\"S22C5 SC5 S2\" id=\"t1c_127\">1 322 541 </span><span class=\"S22C6 SC4 S2\" id=\"t1d_127\">Total lease liabilities </span><span class=\"S22C7 SC4 S2\" id=\"t1e_127\">2 756 235 </span><span class=\"S22C8 SC4 S2\" id=\"t1f_127\">2 559 069 </span><span class=\"S22C9 SC4 S2\" id=\"t1g_127\">Components included in NIBD </span><span class=\"S22CA SC4 S2\" id=\"t1h_127\">31.12.2022 </span><span class=\"S22CB SC4 S2\" id=\"t1i_127\">31.12.2021 </span><span class=\"S22CC SC5 S2\" id=\"t1j_127\">Bond loans </span><span class=\"S22CD SC5 S2\" id=\"t1k_127\">1 493 656 </span><span class=\"S22CE SC5 S2\" id=\"t1l_127\">1 492 431 </span><span class=\"S22CF SC5 S2\" id=\"t1m_127\">Loans from credit institutions </span><span class=\"S22D0 SC5 S2\" id=\"t1n_127\">3 836 664 </span><span class=\"S22D1 SC5 S2\" id=\"t1o_127\">4 186 882 </span><span class=\"S22D2 SC5 S2\" id=\"t1p_127\">Lease liabilities to credit institutions </span><span class=\"S22D3 SC5 S2\" id=\"t1q_127\">1 213 715 </span><span class=\"S22D4 SC5 S2\" id=\"t1r_127\">1 236 528 </span><span class=\"S22D5 SC5 S2\" id=\"t1s_127\">Other long term loans </span><span class=\"S22D6 SC5 S2\" id=\"t1t_127\">2 145 </span><span class=\"S22D7 SC5 S2\" id=\"t1u_127\">2 402 </span><span class=\"S22D8 SC5 S2\" id=\"t1v_127\">Overdraft and other short term credit </span><span class=\"S22D9 SC5 S2\" id=\"t1w_127\">1 104 780 </span><span class=\"S22DA SC5 S2\" id=\"t1x_127\">582 390 </span><span class=\"S22DB SC5 S2\" id=\"t1y_127\">Bank deposits and cash </span><span class=\"S22DC SC5 S2\" id=\"t1z_127\">-3 304 878 </span><span class=\"S22DD SC5 S2\" id=\"t20_127\">-4 203 146 </span><span class=\"S22DE SC4 S2\" id=\"t21_127\">Net interest bearing debt (NIBD) </span><span class=\"S22DF SC4 S2\" id=\"t22_127\">4 346 083 </span><span class=\"S22E0 SC4 S2\" id=\"t23_127\">3 297 487 </span><span class=\"S22E1 SAF1 S2\" id=\"t24_127\">See note on debt, mortgages and guarantees for an overview of \ufb02ows in the period. </span><span class=\"S22E2 SAF1 S2\" id=\"t25_127\">It is referred to this APM in the Board of Director`s Report, in key \ufb01gures and in the note on loans, mortgages and guarantees. </span><span class=\"S22E3 SC4 S2\" id=\"t26_127\">3 different de\ufb01nitions of NIBD, and LSG`s position within these alternatives </span><span class=\"S22E4 SC4 S2\" id=\"t27_127\">31.12.2022 </span><span class=\"S22E5 SC4 S2\" id=\"t28_127\">31.12.2021 </span><span class=\"S22E6 SC5 S2\" id=\"t29_127\">NIBD including non of the lease liabilities </span><span class=\"S22E7 SC5 S2\" id=\"t2a_127\">3 132 368 </span><span class=\"S22E8 SC5 S2\" id=\"t2b_127\">2 060 959 </span><span class=\"S22E9 SC5 S2\" id=\"t2c_127\">NIBD including lease liabilities to credit institutions </span><span class=\"S22EA SC5 S2\" id=\"t2d_127\">The de\ufb01nition applied in LSG: </span><span class=\"S22EB SC5 S2\" id=\"t2e_127\">4 346 083 </span><span class=\"S22EC SC5 S2\" id=\"t2f_127\">3 297 487 </span><span class=\"S22ED SC5 S2\" id=\"t2g_127\">NIBD including total lease liabilities </span><span class=\"S22EE SC5 S2\" id=\"t2h_127\">5 888 603 </span><span class=\"S22EF SC5 S2\" id=\"t2i_127\">4 620 028 </span><span class=\"S22F0 SC8 S2\" id=\"t2j_127\">When comparing NIBD between </span><span class=\"S22F1 SC8 S2\" id=\"t2k_127\">companies based on annual accounts, </span><span class=\"S22F2 SC8 S2\" id=\"t2l_127\">it is important to be aware that the </span><span class=\"S22F3 SC8 S2\" id=\"t2m_127\">presented NIBD \ufb01gure is dependent </span><span class=\"S22F4 SC8 S2\" id=\"t2n_127\">on if lease liabilities is included, partly </span><span class=\"S22F5 SC8 S2\" id=\"t2o_127\">included, or not included at all. As of </span><span class=\"S22F6 SC8 S2\" id=\"t2p_127\">today there is no uniform de\ufb01nition </span><span class=\"S22F7 SC8 S2\" id=\"t2q_127\">among the reporting entities about </span><span class=\"S22F8 SC8 S2\" id=\"t2r_127\">how this \ufb01gures should be calculated </span><span class=\"S22F9 SC8 S2\" id=\"t2s_127\">and presented. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f11647": {
   "value": "<span class=\"S2081 SC8 S2\" id=\"t1_128\">estimated costs are higher than </span><span class=\"S1CE8 SC8 S2\" id=\"t2_128\">expected by a normal enterprise on </span><span class=\"S22FB SC8 S2\" id=\"t3_128\">the market, for example due to long- </span><span class=\"S22FC SC8 S2\" id=\"t4_128\">term agreements previously signed </span><span class=\"S22FD SC8 S2\" id=\"t5_128\">with subcontractors resulting in costs </span><span class=\"S22FE SC8 S2\" id=\"t6_128\">that deviate substantially from the </span><span class=\"S1F60 SC8 S2\" id=\"t7_128\">market price, the cost estimates shall </span><span class=\"S22FF SC8 S2\" id=\"t8_128\">be adjusted to re\ufb02ect the costs </span><span class=\"S2300 SC8 S2\" id=\"t9_128\">expected by a rational enterprise on </span><span class=\"S2301 SC8 S2\" id=\"ta_128\">the market. </span><span class=\"S2302 S1C40 S2\" id=\"tb_128\">(3) Volume </span><span class=\"S2303 SC8 S2\" id=\"tc_128\">Projected harvest volume is </span><span class=\"S2304 SC8 S2\" id=\"td_128\">calculated on the basis of the </span><span class=\"S2305 SC8 S2\" id=\"te_128\">estimated number of \ufb01sh (individuals) </span><span class=\"S1E3C SC8 S2\" id=\"tf_128\">on the balance sheet date minus </span><span class=\"S2306 SC8 S2\" id=\"tg_128\">estimated future mortality, multiplied </span><span class=\"S1CF6 SC8 S2\" id=\"th_128\">by the estimated harvest weight. </span><span class=\"S2307 SC8 S2\" id=\"ti_128\">There is some uncertainty involving </span><span class=\"S208F SC8 S2\" id=\"tj_128\">both the number of \ufb01sh in the sea on </span><span class=\"S1E41 SC8 S2\" id=\"tk_128\">the balance sheet date, remaining </span><span class=\"S2308 SC8 S2\" id=\"tl_128\">mortality and estimated harvest </span><span class=\"S2309 SC8 S2\" id=\"tm_128\">weight. The actual harvest volume </span><span class=\"S230A SC8 S2\" id=\"tn_128\">may therefore differ from the estimated </span><span class=\"S1C1C SC8 S2\" id=\"to_128\">harvest volume either as a result of </span><span class=\"S230B SC8 S2\" id=\"tp_128\">changes in biological developments </span><span class=\"S1CFD SC8 S2\" id=\"tq_128\">or due to special events, such as </span><span class=\"S230C SC8 S2\" id=\"tr_128\">abnormal mortality. The estimate for </span><span class=\"S230D SC8 S2\" id=\"ts_128\">number of \ufb01sh on the balance sheet </span><span class=\"S230E SC8 S2\" id=\"tt_128\">date is based on the number of smolt </span><span class=\"S230F SC8 S2\" id=\"tu_128\">released to sea. The number of smolt </span><span class=\"S2310 SC8 S2\" id=\"tv_128\">is adjusted to take into account </span><span class=\"S2311 SC8 S2\" id=\"tw_128\">uncertainties during counting and </span><span class=\"S2312 SC8 S2\" id=\"tx_128\">actual registered mortality related to </span><span class=\"S2313 SC8 S2\" id=\"ty_128\">release. </span><span class=\"S2314 SC8 S2\" id=\"tz_128\">The normal estimated harvest </span><span class=\"S209D SC8 S2\" id=\"t10_128\">weight (optimal harvest weight) is </span><span class=\"S2315 SC8 S2\" id=\"t11_128\">assessed to be the live weight of \ufb01sh </span><span class=\"S2316 SC8 S2\" id=\"t12_128\">that results in a gutted weight of 4 kg, </span><span class=\"S2317 SC8 S2\" id=\"t13_128\">unless speci\ufb01c conditions exist on the </span><span class=\"S2318 SC8 S2\" id=\"t14_128\">balance sheet date to indicate that </span><span class=\"S20A2 SC8 S2\" id=\"t15_128\">the \ufb01sh have to be harvested before </span><span class=\"S1E50 SC8 S2\" id=\"t16_128\">they reach this weight. If this is the </span><span class=\"S2319 SC8 S2\" id=\"t17_128\">case, the estimated harvest weight is </span><span class=\"S231A SC8 S2\" id=\"t18_128\">adjusted. Projected mortality during </span><span class=\"S231B SC8 S2\" id=\"t19_128\">the period from the balance sheet </span><span class=\"S231C SC8 S2\" id=\"t1a_128\">date to the date when the \ufb01sh reach </span><span class=\"S1D0E SC8 S2\" id=\"t1b_128\">harvest weight is estimated to be </span><span class=\"S231D SC8 S2\" id=\"t1c_128\">0.5% to 2.5% of the number of incoming </span><span class=\"S231E SC8 S2\" id=\"t1d_128\">\ufb01sh per month, depending on species </span><span class=\"S231F SC8 S2\" id=\"t1e_128\">and region. For recalculation factor </span><span class=\"S2320 SC8 S2\" id=\"t1f_128\">from gutted weight to live weight, </span><span class=\"S2321 SC8 S2\" id=\"t1g_128\">see note on biological assets. </span><span class=\"S2322 S21BB S2\" id=\"t1h_128\">(4) Discounting </span><span class=\"S2323 SC8 S2\" id=\"t1i_128\">Every time a \ufb01sh is harvested and </span><span class=\"S1D16 SC8 S2\" id=\"t1j_128\">sold, this generates a positive cash </span><span class=\"S1E5D SC8 S2\" id=\"t1k_128\">\ufb02ow. In order to simplify matters, all </span><span class=\"S2324 SC8 S2\" id=\"t1l_128\">the remaining expenses are allocated </span><span class=\"S2381 S18EC S2\" id=\"t4v_128\">NOTE 3 </span><span class=\"S2298 S18EC S2\" id=\"t4w_128\">Signi\ufb01cant accounting estimates and assessments </span><span class=\"S2325 SC8 S2\" id=\"t1m_128\">\ufb02uctuations. In order to estimate the </span><span class=\"S2326 SC8 S2\" id=\"t1n_128\">projected price, the forward prices </span><span class=\"S2327 SC8 S2\" id=\"t1o_128\">for superior Norwegian salmon </span><span class=\"S2328 SC8 S2\" id=\"t1p_128\">weighing 3-6 kg gutted weight from </span><span class=\"S2329 SC8 S2\" id=\"t1q_128\">Fish Pool are applied. In the Group\u2019s </span><span class=\"S232A SC8 S2\" id=\"t1r_128\">opinion, the use of observable prices </span><span class=\"S232B SC8 S2\" id=\"t1s_128\">makes price estimates more reliable </span><span class=\"S232C SC8 S2\" id=\"t1t_128\">and comparable. For \ufb01sh ready for </span><span class=\"S232D SC8 S2\" id=\"t1u_128\">harvest, the forward price for the </span><span class=\"S232E SC8 S2\" id=\"t1v_128\">following month is applied. For \ufb01sh </span><span class=\"S232F SC8 S2\" id=\"t1w_128\">not ready for harvest, the forward </span><span class=\"S2330 SC8 S2\" id=\"t1x_128\">price for the month when the \ufb01sh is </span><span class=\"S2331 SC8 S2\" id=\"t1y_128\">expected to achieve optimal weight </span><span class=\"S2332 SC8 S2\" id=\"t1z_128\">for harvest, is applied. If it is probable </span><span class=\"S2333 SC8 S2\" id=\"t20_128\">on the balance sheet date that the \ufb01sh </span><span class=\"S2334 SC8 S2\" id=\"t21_128\">will be harvested before it reaches its </span><span class=\"S2335 SC8 S2\" id=\"t22_128\">optimal harvest weight, for example </span><span class=\"S2336 SC8 S2\" id=\"t23_128\">due to biological challenges, an extra </span><span class=\"S2337 SC8 S2\" id=\"t24_128\">price adjustment is required. Such a </span><span class=\"S2338 SC8 S2\" id=\"t25_128\">price adjustment takes into account </span><span class=\"S2339 SC8 S2\" id=\"t26_128\">the fact that the market price per kilo </span><span class=\"S233A SC8 S2\" id=\"t27_128\">for small \ufb01sh is lower than for normal- </span><span class=\"S1F9B SC8 S2\" id=\"t28_128\">size \ufb01sh. The price is subsequently </span><span class=\"S233B SC8 S2\" id=\"t29_128\">adjusted for exporter margins and </span><span class=\"S233C SC8 S2\" id=\"t2a_128\">clearing costs. This applies to \ufb01sh both </span><span class=\"S233D SC8 S2\" id=\"t2b_128\">ready for harvest and not ready for </span><span class=\"S233E SC8 S2\" id=\"t2c_128\">harvest. Further adjustments are </span><span class=\"S233F SC8 S2\" id=\"t2d_128\">necessary for harvest costs (well boat, </span><span class=\"S2340 SC8 S2\" id=\"t2e_128\">slaughtering and packaging services), </span><span class=\"S1EA8 SC8 S2\" id=\"t2f_128\">transport costs to Oslo and quality </span><span class=\"S2341 SC8 S2\" id=\"t2g_128\">diffeences. Adjustments are also made </span><span class=\"S2342 SC8 S2\" id=\"t2h_128\">for price differences between salmon </span><span class=\"S2343 SC8 S2\" id=\"t2i_128\">and trout, and any other price premium </span><span class=\"S2344 SC8 S2\" id=\"t2j_128\">such as for Ecological produced </span><span class=\"S2345 SC8 S2\" id=\"t2k_128\">salmon or ASC-certi\ufb01ed \ufb01sh. The </span><span class=\"S1D3D SC8 S2\" id=\"t2l_128\">adjustments for exporter margin and </span><span class=\"S2346 SC8 S2\" id=\"t2m_128\">clearing costs are items estimated by </span><span class=\"S2347 SC8 S2\" id=\"t2n_128\">Fish Pool. The adjustment for harvest </span><span class=\"S2348 SC8 S2\" id=\"t2o_128\">costs, transport costs and quality </span><span class=\"S2349 SC8 S2\" id=\"t2p_128\">differences is based on the Group\u2019s </span><span class=\"S234A SC8 S2\" id=\"t2q_128\">historical costs per region and </span><span class=\"S1BF7 SC8 S2\" id=\"t2r_128\">historical quality distribution, while </span><span class=\"S1EB4 SC8 S2\" id=\"t2s_128\">the other adjustments are based on </span><span class=\"S234B SC8 S2\" id=\"t2t_128\">an assessment using historical data </span><span class=\"S234C SC8 S2\" id=\"t2u_128\">and the Group\u2019s view of future market </span><span class=\"S234D SC8 S2\" id=\"t2v_128\">developments. </span><span class=\"S234E S1C40 S2\" id=\"t2w_128\">(2) Cost </span><span class=\"S234F SC8 S2\" id=\"t2x_128\">For \ufb01sh not ready for harvest, an </span><span class=\"S2350 SC8 S2\" id=\"t2y_128\">adjustment is also required for the </span><span class=\"S1FB5 SC8 S2\" id=\"t2z_128\">costs necessary to grow the \ufb01sh to </span><span class=\"S20D6 SC8 S2\" id=\"t30_128\">optimal harvest weight. Estimates </span><span class=\"S2351 SC8 S2\" id=\"t31_128\">related to future costs are based on </span><span class=\"S2352 SC8 S2\" id=\"t32_128\">the Group\u2019s prognoses per locality. </span><span class=\"S2353 SC8 S2\" id=\"t33_128\">There is some uncertainty regarding </span><span class=\"S2354 SC8 S2\" id=\"t34_128\">both future feed prices, other costs </span><span class=\"S2355 SC8 S2\" id=\"t35_128\">and biological development (growth, </span><span class=\"S1C05 SC8 S2\" id=\"t36_128\">feed factor and mortality). If the </span><span class=\"S2356 SC8 S2\" id=\"t37_128\">Estimates and assessments are </span><span class=\"S2357 SC8 S2\" id=\"t38_128\">reviewed continuously and are based </span><span class=\"S2358 SC8 S2\" id=\"t39_128\">on historical experience and other </span><span class=\"S2359 SC8 S2\" id=\"t3a_128\">factors, including expectations of </span><span class=\"S219C SC8 S2\" id=\"t3b_128\">future events that seem probable in </span><span class=\"S235A SC8 S2\" id=\"t3c_128\">view of present circumstances. </span><span class=\"S1FC2 SC8 S2\" id=\"t3d_128\">The Group draws up estimates and </span><span class=\"S235B SC8 S2\" id=\"t3e_128\">makes assumptions regarding future </span><span class=\"S235C SC8 S2\" id=\"t3f_128\">events. The accounting estimates </span><span class=\"S235D SC8 S2\" id=\"t3g_128\">from this process will, by de\ufb01nition, </span><span class=\"S235E SC8 S2\" id=\"t3h_128\">rarely be in exact agreement with </span><span class=\"S235F SC8 S2\" id=\"t3i_128\">the \ufb01nal results. Estimates and </span><span class=\"S2360 SC8 S2\" id=\"t3j_128\">assumptions with a high risk of </span><span class=\"S2361 SC8 S2\" id=\"t3k_128\">signi\ufb01cant changes in capitalised </span><span class=\"S1E6B SC8 S2\" id=\"t3l_128\">values of assets and liabilities during </span><span class=\"S1D61 SC8 S2\" id=\"t3m_128\">the next \ufb01nancial year are discussed </span><span class=\"S2362 SC8 S2\" id=\"t3n_128\">below. </span><span class=\"S2363 SC7 S2\" id=\"t3o_128\">Value adjustment of biological assets </span><span class=\"S1D64 SC8 S2\" id=\"t3p_128\">Biological assets comprise the stock </span><span class=\"S2364 SC8 S2\" id=\"t3q_128\">of roe, fry, juvenile \ufb01sh, cleaner \ufb01sh </span><span class=\"S2365 SC8 S2\" id=\"t3r_128\">and \ufb01sh in sea. Biological assets are </span><span class=\"S1FCF SC8 S2\" id=\"t3s_128\">measured at fair value less costs to </span><span class=\"S2366 SC8 S2\" id=\"t3t_128\">sell. For a more detailed description </span><span class=\"S2367 SC8 S2\" id=\"t3u_128\">of the accounting policies applied, </span><span class=\"S2368 SC8 S2\" id=\"t3v_128\">please refer to the description </span><span class=\"S2369 SC8 S2\" id=\"t3w_128\">provided under accounting policies </span><span class=\"S236A SC8 S2\" id=\"t3x_128\">and in the note on biological assets. </span><span class=\"S236B SC8 S2\" id=\"t3y_128\">Valuation is based on a number of </span><span class=\"S236C SC8 S2\" id=\"t3z_128\">different premises, many of which </span><span class=\"S236D SC8 S2\" id=\"t40_128\">are non-observable. The premises </span><span class=\"S236E SC8 S2\" id=\"t41_128\">can be categorised in four different </span><span class=\"S1D72 SC8 S2\" id=\"t42_128\">groups: (1) Price, (2) Cost, (3) Volume </span><span class=\"S236F SC8 S2\" id=\"t43_128\">and (4) Discount rate. Figures for the </span><span class=\"S2370 SC8 S2\" id=\"t44_128\">important premises are specifed in </span><span class=\"S2371 SC8 S2\" id=\"t45_128\">the note on biological assets. </span><span class=\"S1D77 SC8 S2\" id=\"t46_128\">For \ufb01sh ready for harvest on the </span><span class=\"S2372 SC8 S2\" id=\"t47_128\">balance sheet date, uncertainty </span><span class=\"S2373 SC8 S2\" id=\"t48_128\">mainly involves realised prices and </span><span class=\"S2374 SC8 S2\" id=\"t49_128\">volume. For \ufb01sh not ready for harvest, </span><span class=\"S2375 SC8 S2\" id=\"t4a_128\">the level of uncertainty is higher. In </span><span class=\"S2376 SC8 S2\" id=\"t4b_128\">addition to uncertainty related to </span><span class=\"S2377 SC8 S2\" id=\"t4c_128\">price and volume, there will also be </span><span class=\"S2378 SC8 S2\" id=\"t4d_128\">uncertainty related to remaining </span><span class=\"S2379 SC8 S2\" id=\"t4e_128\">production costs, remaining biological </span><span class=\"S1E87 SC8 S2\" id=\"t4f_128\">transformation and remaining </span><span class=\"S237A SC8 S2\" id=\"t4g_128\">mortality up to harvest date for </span><span class=\"S237B SC8 S2\" id=\"t4h_128\">this \ufb01sh. </span><span class=\"S237C S1C40 S2\" id=\"t4i_128\">(1) Price </span><span class=\"S237D SC8 S2\" id=\"t4j_128\">One important premise in the valuation </span><span class=\"S1FEA SC8 S2\" id=\"t4k_128\">of \ufb01sh both ready for harvest and not </span><span class=\"S237E SC8 S2\" id=\"t4l_128\">yet ready for harvest is the projected </span><span class=\"S237F SC8 S2\" id=\"t4m_128\">market price. This is also the premise </span><span class=\"S2380 SC8 S2\" id=\"t4n_128\">that historically shows the highest </span><span class=\"S1F22 SC8 S2\" id=\"t1_129\">price the future expected margin is an </span><span class=\"S2382 SC8 S2\" id=\"t2_129\">important parameter. The margin is </span><span class=\"S2383 SC8 S2\" id=\"t3_129\">calculated as the difference between </span><span class=\"S2384 SC8 S2\" id=\"t4_129\">price and cost in future periods. Thus, </span><span class=\"S2385 SC8 S2\" id=\"t5_129\">the forward price on salmon together </span><span class=\"S22A8 SC8 S2\" id=\"t6_129\">with expectations regarding future </span><span class=\"S2386 SC8 S2\" id=\"t7_129\">cost level have a signi\ufb01cant impact </span><span class=\"S2387 SC8 S2\" id=\"t8_129\">on the future expected margin. The </span><span class=\"S2388 SC8 S2\" id=\"t9_129\">higher the expectations to the future </span><span class=\"S2389 SC8 S2\" id=\"ta_129\">margins are, the higher a hypothetical </span><span class=\"S238A SC8 S2\" id=\"tb_129\">license lease price will be. This is </span><span class=\"S238B SC8 S2\" id=\"tc_129\">explained with the fact that higher </span><span class=\"S238C SC8 S2\" id=\"td_129\">margins will increase the fair value </span><span class=\"S238D SC8 S2\" id=\"te_129\">on the licenses. If the expectations to </span><span class=\"S238E SC8 S2\" id=\"tf_129\">the margins drops, this will over time </span><span class=\"S238F SC8 S2\" id=\"tg_129\">lead to lower hypothetical lease rent, </span><span class=\"S2390 SC8 S2\" id=\"th_129\">and fair value on the licenses. </span><span class=\"S2391 SC8 S2\" id=\"ti_129\">How the change in the expectations </span><span class=\"S21F0 SC8 S2\" id=\"tj_129\">regarding future margins occurs, has </span><span class=\"S2392 SC8 S2\" id=\"tk_129\">also signi\ufb01cance. </span><span class=\"S2393 SC8 S2\" id=\"tl_129\">It is assumed that an </span><span class=\"S2394 SC8 S2\" id=\"tm_129\">unexpected lower (higher) price at date </span><span class=\"S1F37 SC8 S2\" id=\"tn_129\">for measurement will not lead to a </span><span class=\"S2395 SC8 S2\" id=\"to_129\">simultaneously reduction (increase) </span><span class=\"S2396 SC8 S2\" id=\"tp_129\">in hypothetical license lease price for </span><span class=\"S211B SC8 S2\" id=\"tq_129\">\ufb01sh in sea, but instead a step by step </span><span class=\"S2397 SC8 S2\" id=\"tr_129\">reduction (increase) in future lease </span><span class=\"S2398 SC8 S2\" id=\"ts_129\">price for new smolt releases. This is </span><span class=\"S2399 SC8 S2\" id=\"tt_129\">explained with the fact that it must </span><span class=\"S239A SC8 S2\" id=\"tu_129\">be assumed that the lease price for </span><span class=\"S1CCB SC8 S2\" id=\"tv_129\">the \ufb01sh in sea is already negotiated </span><span class=\"S1F40 SC8 S2\" id=\"tw_129\">for the period until harvest. When it </span><span class=\"S239B SC8 S2\" id=\"tx_129\">comes to the production costs it is </span><span class=\"S239C SC8 S2\" id=\"ty_129\">assumed that changes in expected </span><span class=\"S239D SC8 S2\" id=\"tz_129\">future cost level will not impact the </span><span class=\"S239E SC8 S2\" id=\"t10_129\">value of the biological assets directly, </span><span class=\"S239F SC8 S2\" id=\"t11_129\">but indirectly as a consequence of </span><span class=\"S1F46 SC8 S2\" id=\"t12_129\">the fact that the future hypothetical </span><span class=\"S23A0 SC8 S2\" id=\"t13_129\">license lease price will be based on </span><span class=\"S23A1 SC8 S2\" id=\"t14_129\">expectations on future margins. </span><span class=\"S23A2 SC7 S2\" id=\"t15_129\">Sensitivity analysis on fair value of </span><span class=\"S23A3 SC7 S2\" id=\"t16_129\">\ufb01sh in sea </span><span class=\"S23A4 SC8 S2\" id=\"t17_129\">The Group considers that four </span><span class=\"S23A5 SC8 S2\" id=\"t18_129\">components are key for valuation. </span><span class=\"S1DB6 SC8 S2\" id=\"t19_129\">These are: </span><span class=\"S23A6 SC8 S2\" id=\"t1a_129\">(1) weighted average price, </span><span class=\"S23A7 SC8 S2\" id=\"t1b_129\">(2) projected optimal harvest weight, </span><span class=\"S23A8 SC8 S2\" id=\"t1c_129\">(3) monthly discount rate and </span><span class=\"S23A9 SC8 S2\" id=\"t1d_129\">(4) estimated number of \ufb01sh. </span><span class=\"S1DBB SC8 S2\" id=\"t1e_129\">The tables on the next page show a </span><span class=\"S1DBC SC8 S2\" id=\"t1f_129\">simulated sensitivity to changes in </span><span class=\"S23AA SC8 S2\" id=\"t1g_129\">fair value of the biological assets in </span><span class=\"S201D SC8 S2\" id=\"t1h_129\">the event of changes in these </span><span class=\"S23AB SC8 S2\" id=\"t1i_129\">parameters: </span><span class=\"S23AC SC8 S2\" id=\"t1j_129\">allocate a suf\ufb01cient share of the </span><span class=\"S23AD SC8 S2\" id=\"t1k_129\">returns to the buyer\u2019s own licenses or </span><span class=\"S23AE SC8 S2\" id=\"t1l_129\">to cover the lease costs for leased </span><span class=\"S23AF SC8 S2\" id=\"t1m_129\">licenses. It is dif\ufb01cult to create a model </span><span class=\"S23B0 SC8 S2\" id=\"t1n_129\">that would allow a hypothetical </span><span class=\"S2024 SC8 S2\" id=\"t1o_129\">annual lease cost to be derived from </span><span class=\"S23B1 SC8 S2\" id=\"t1p_129\">prices for sold licenses, as the curve </span><span class=\"S23B2 SC8 S2\" id=\"t1q_129\">in the model would be based on </span><span class=\"S23B3 SC8 S2\" id=\"t1r_129\">projections of future pro\ufb01t </span><span class=\"S23B4 SC8 S2\" id=\"t1s_129\">performance in the industry. </span><span class=\"S23B5 SC8 S2\" id=\"t1t_129\">Moreover, it is a complex process to </span><span class=\"S1C83 SC8 S2\" id=\"t1u_129\">derive a lease price per shorter unit </span><span class=\"S23B6 SC8 S2\" id=\"t1v_129\">of time and, in the last instance, per </span><span class=\"S23B7 SC8 S2\" id=\"t1w_129\">volume, when the license limitations </span><span class=\"S23B8 SC8 S2\" id=\"t1x_129\">are measured at different levels </span><span class=\"S202C SC8 S2\" id=\"t1y_129\">(location, region and company). </span><span class=\"S23B9 S2197 S2\" id=\"t1z_129\">4.3 Time value </span><span class=\"S23BA SC8 S2\" id=\"t20_129\">Finally, a discount must be made for </span><span class=\"S23BB SC8 S2\" id=\"t21_129\">the time value of the tied-up capital </span><span class=\"S23BC SC8 S2\" id=\"t22_129\">linked to the share of the present value </span><span class=\"S23BD SC8 S2\" id=\"t23_129\">of the cash \ufb02ow allocated to the </span><span class=\"S23BE SC8 S2\" id=\"t24_129\">biomass. It has to be assumed that a </span><span class=\"S1DD9 SC8 S2\" id=\"t25_129\">hypothetical buyer would claim </span><span class=\"S23BF SC8 S2\" id=\"t26_129\">compensation for the alternative cost </span><span class=\"S23C0 SC8 S2\" id=\"t27_129\">of investing funds in live \ufb01sh rather </span><span class=\"S23C1 SC8 S2\" id=\"t28_129\">than some other type of investment. </span><span class=\"S23C2 SC8 S2\" id=\"t29_129\">The production cycle for salmon in the </span><span class=\"S23C3 SC8 S2\" id=\"t2a_129\">sea currently takes up to 18 months. </span><span class=\"S203A SC8 S2\" id=\"t2b_129\">The cash \ufb02ow will therefore extend </span><span class=\"S1C95 SC8 S2\" id=\"t2c_129\">over a similar period. Assuming a </span><span class=\"S23C4 SC8 S2\" id=\"t2d_129\">constant sales price throughout the </span><span class=\"S23C5 SC8 S2\" id=\"t2e_129\">period, the cash \ufb02ow would decrease </span><span class=\"S1C98 SC8 S2\" id=\"t2f_129\">for each month, as costs are incurred </span><span class=\"S23C6 SC8 S2\" id=\"t2g_129\">to farm the \ufb01sh to slaughter weight. </span><span class=\"S23C7 SC8 S2\" id=\"t2h_129\">The costs increase for every month </span><span class=\"S23C8 SC8 S2\" id=\"t2i_129\">the \ufb01sh are in the sea. As such, the </span><span class=\"S2156 SC8 S2\" id=\"t2j_129\">effect of deferred cash \ufb02ow is lower </span><span class=\"S23C9 SC8 S2\" id=\"t2k_129\">than would be the case if the cash \ufb02ow </span><span class=\"S23CA SC8 S2\" id=\"t2l_129\">had been constant. This component </span><span class=\"S23CB SC8 S2\" id=\"t2m_129\">is however deemed important due to </span><span class=\"S2044 SC8 S2\" id=\"t2n_129\">the major values the stock of \ufb01sh </span><span class=\"S23CC SC8 S2\" id=\"t2o_129\">represents. </span><span class=\"S23CD S2197 S2\" id=\"t2p_129\">4.4. Evaluation of discount rate </span><span class=\"S23CE SC8 S2\" id=\"t2q_129\">At year end 2022 a 4% monthly </span><span class=\"S23CF SC8 S2\" id=\"t2r_129\">discount rate has been applied. The </span><span class=\"S23D0 SC8 S2\" id=\"t2s_129\">discount rate previous year was also </span><span class=\"S23D1 SC8 S2\" id=\"t2t_129\">4%. In the sensitivity analysis below, it </span><span class=\"S23D2 SC8 S2\" id=\"t2u_129\">is demonstrated how a change in </span><span class=\"S204A SC8 S2\" id=\"t2v_129\">discount rate would impact the value </span><span class=\"S1F1B SC8 S2\" id=\"t2w_129\">on \ufb01sh in sea. The change is a result </span><span class=\"S23D3 SC8 S2\" id=\"t2x_129\">from a periodic review. </span><span class=\"S23D4 SC8 S2\" id=\"t2y_129\">As mentioned above, the hypothetical </span><span class=\"S23D5 SC8 S2\" id=\"t2z_129\">license lease is one of the main </span><span class=\"S1CAE SC8 S2\" id=\"t30_129\">elements when setting the discount </span><span class=\"S23D6 SC8 S2\" id=\"t31_129\">rate. In the hypothetical license lease </span><span class=\"S23D7 SC8 S2\" id=\"t32_129\">to the same period as the income, so </span><span class=\"S23D8 SC8 S2\" id=\"t33_129\">there is only one cash \ufb02ow per locality. </span><span class=\"S23D9 SC8 S2\" id=\"t34_129\">The cash \ufb02ow is allocated to the month </span><span class=\"S23DA SC8 S2\" id=\"t35_129\">when harvest is estimated to take </span><span class=\"S23DB SC8 S2\" id=\"t36_129\">place. The sum of the cash \ufb02ows from </span><span class=\"S1DFD SC8 S2\" id=\"t37_129\">all the localities where the Group has </span><span class=\"S1DFE SC8 S2\" id=\"t38_129\">\ufb01sh in the sea will then be distributed </span><span class=\"S23DC SC8 S2\" id=\"t39_129\">over the entire period of time it takes </span><span class=\"S23DD SC8 S2\" id=\"t3a_129\">to farm the \ufb01sh in the sea on the </span><span class=\"S23DE SC8 S2\" id=\"t3b_129\">balance sheet date. With the current </span><span class=\"S23DF SC8 S2\" id=\"t3c_129\">size of the smolt released and the </span><span class=\"S23E0 SC8 S2\" id=\"t3d_129\">frequency of the smolt releases, this </span><span class=\"S23E1 SC8 S2\" id=\"t3e_129\">period of time may be up to 18 months. </span><span class=\"S23E2 SC8 S2\" id=\"t3f_129\">The estimated future cash \ufb02ow is </span><span class=\"S205D SC8 S2\" id=\"t3g_129\">discounted monthly. The level of </span><span class=\"S23E3 SC8 S2\" id=\"t3h_129\">discount rate applied has a major </span><span class=\"S23E4 SC8 S2\" id=\"t3i_129\">impact on the estimate of fair value. </span><span class=\"S23E5 SC8 S2\" id=\"t3j_129\">The discount rate shall take into </span><span class=\"S23E6 SC8 S2\" id=\"t3k_129\">account a number of factors. The </span><span class=\"S23E7 SC8 S2\" id=\"t3l_129\">discount factor comprises three main </span><span class=\"S23E8 SC8 S2\" id=\"t3m_129\">elements: (1) Risk adjustment, (2) </span><span class=\"S23E9 SC8 S2\" id=\"t3n_129\">License lease and (3) Time value. </span><span class=\"S23EA S2197 S2\" id=\"t3o_129\">4.1. Risk adjustment </span><span class=\"S23EB SC8 S2\" id=\"t3p_129\">The risk adjustment shall re\ufb02ect the </span><span class=\"S23EC SC8 S2\" id=\"t3q_129\">price discount a hypothetical buyer </span><span class=\"S23ED SC8 S2\" id=\"t3r_129\">would demand as compensation for </span><span class=\"S23EE SC8 S2\" id=\"t3s_129\">the risk assumed by investing in live </span><span class=\"S23EF SC8 S2\" id=\"t3t_129\">\ufb01sh rather than a different investment. </span><span class=\"S1E13 SC8 S2\" id=\"t3u_129\">The longer it takes to reach harvest </span><span class=\"S1C5C SC8 S2\" id=\"t3v_129\">date, the higher the risk that </span><span class=\"S1EDD SC8 S2\" id=\"t3w_129\">something may occur to affect cash </span><span class=\"S1C5E SC8 S2\" id=\"t3x_129\">\ufb02ow. Three signi\ufb01cant factors could </span><span class=\"S23F0 SC8 S2\" id=\"t3y_129\">have an impact on cash \ufb02ow. Volume </span><span class=\"S23F1 SC8 S2\" id=\"t3z_129\">could change, costs could change and </span><span class=\"S23F2 SC8 S2\" id=\"t40_129\">prices could change. The one thing all </span><span class=\"S23F3 SC8 S2\" id=\"t41_129\">three factors have in common is that </span><span class=\"S23F4 SC8 S2\" id=\"t42_129\">the sample space is unsymmetrical. </span><span class=\"S23F5 S2197 S2\" id=\"t43_129\">4.2. Hypothetical license lease </span><span class=\"S23F6 SC8 S2\" id=\"t44_129\">Salmon and trout farming is not a </span><span class=\"S23F7 SC8 S2\" id=\"t45_129\">market with free competition and no </span><span class=\"S23F8 SC8 S2\" id=\"t46_129\">barriers to entry. Due to limited </span><span class=\"S23F9 SC8 S2\" id=\"t47_129\">access to licenses for farming \ufb01sh for </span><span class=\"S23FA SC8 S2\" id=\"t48_129\">consumers, such licenses currently have </span><span class=\"S1EE7 SC8 S2\" id=\"t49_129\">a very high value. For a hypothetical </span><span class=\"S23FB SC8 S2\" id=\"t4a_129\">buyer of live \ufb01sh to take over and </span><span class=\"S23FC SC8 S2\" id=\"t4b_129\">continue to farm the \ufb01sh, he/she would </span><span class=\"S2191 SC8 S2\" id=\"t4c_129\">need a license, locality and other </span><span class=\"S23FD SC8 S2\" id=\"t4d_129\">permits required for such production. </span><span class=\"S23FE SC8 S2\" id=\"t4e_129\">At the time of writing, leasing of </span><span class=\"S23FF SC8 S2\" id=\"t4f_129\">licenses is not permitted. However, </span><span class=\"S2400 SC8 S2\" id=\"t4g_129\">on a hypothetical market for the </span><span class=\"S207D SC8 S2\" id=\"t4h_129\">purchase and sale of live \ufb01sh, it has </span><span class=\"S2401 SC8 S2\" id=\"t4i_129\">to be assumed that this would be </span><span class=\"S2402 SC8 S2\" id=\"t4j_129\">possible. In such a scenario, a </span><span class=\"S2403 SC8 S2\" id=\"t4k_129\">hypothetical buyer would claim a </span><span class=\"S2404 SC8 S2\" id=\"t4l_129\">signi\ufb01cant discount in order to </span><span class=\"S2405 SC8 S2\" id=\"t1_130\">weight, the table shows changes in </span><span class=\"S2406 SC8 S2\" id=\"t2_130\">fair value when there is an increase </span><span class=\"S2407 SC8 S2\" id=\"t3_130\">in projected harvest weight of 250 </span><span class=\"S2408 SC8 S2\" id=\"t4_130\">and 500 grams respectively, and for </span><span class=\"S2409 SC8 S2\" id=\"t5_130\">a corresponding reduction, without </span><span class=\"S240A SC8 S2\" id=\"t6_130\">any change in remaining cost. For </span><span class=\"S240B SC8 S2\" id=\"t7_130\">price, the change is per NOK gutted </span><span class=\"S240C SC8 S2\" id=\"t8_130\">weight after adjustment for </span><span class=\"S240D SC8 S2\" id=\"t9_130\">slaughtering cost, packaging cost, </span><span class=\"S240E SC8 S2\" id=\"ta_130\">transport cost to Oslo, quality, size </span><span class=\"S240F SC8 S2\" id=\"tb_130\">and exporter margin. </span><span class=\"S2410 SC8 S2\" id=\"tc_130\">The table shows changes in estimated </span><span class=\"S2411 SC8 S2\" id=\"td_130\">fair value (present value) before </span><span class=\"S2412 SC8 S2\" id=\"te_130\">provision for loss-making contracts </span><span class=\"S2413 SC8 S2\" id=\"tf_130\">for the parameters price per kg and </span><span class=\"S2414 SC8 S2\" id=\"tg_130\">projected harvest weight per kg </span><span class=\"S2415 SC8 S2\" id=\"th_130\">gutted weight. For projected harvest </span><span class=\"S2416 S249F S2\" id=\"ti_130\">Sensitivity analysis for weighted average price and expected optimal harvest weight </span><span class=\"S2417 SC4 S2\" id=\"tj_130\">Projected optimal harvest weight per \ufb01sh in kg gwe </span><span class=\"S2418 SC4 S2\" id=\"tk_130\">3.5 </span><span class=\"S2419 SC4 S2\" id=\"tl_130\">3.8 </span><span class=\"S241A SC4 S2\" id=\"tm_130\">4.0 </span><span class=\"S241B SC4 S2\" id=\"tn_130\">4.3 </span><span class=\"S241C SC4 S2\" id=\"to_130\">4.5 </span><span class=\"S241D SC4 S2\" id=\"tp_130\">Change in projected weight per kg gwe </span><span class=\"S241E SC4 S2\" id=\"tq_130\">-0.50 </span><span class=\"S241F SC4 S2\" id=\"tr_130\">-0.25 </span><span class=\"S2420 SC4 S2\" id=\"ts_130\">- </span><span class=\"S2421 SC4 S2\" id=\"tt_130\">0.25 </span><span class=\"S2422 SC4 S2\" id=\"tu_130\">0.50 </span><span class=\"S2423 SC4 S2\" id=\"tv_130\">69.4 </span><span class=\"S2424 SC4 S2\" id=\"tw_130\">-5.00 </span><span class=\"S2425 SC5 S2\" id=\"tx_130\">5 455 416 </span><span class=\"S2426 SC5 S2\" id=\"ty_130\">5 939 146 </span><span class=\"S2427 SC5 S2\" id=\"tz_130\">6 450 019 </span><span class=\"S2428 SC5 S2\" id=\"t10_130\">6 965 505 </span><span class=\"S2429 SC5 S2\" id=\"t11_130\">7 480 991 </span><span class=\"S242A SC4 S2\" id=\"t12_130\">72.4 </span><span class=\"S242B SC4 S2\" id=\"t13_130\">-2.00 </span><span class=\"S242C SC5 S2\" id=\"t14_130\">5 827 081 </span><span class=\"S242D SC5 S2\" id=\"t15_130\">6 331 788 </span><span class=\"S242E SC5 S2\" id=\"t16_130\">6 864 660 </span><span class=\"S242F SC5 S2\" id=\"t17_130\">7 402 330 </span><span class=\"S2430 SC5 S2\" id=\"t18_130\">7 940 000 </span><span class=\"S2431 SC4 S2\" id=\"t19_130\">73.4 </span><span class=\"S2432 SC4 S2\" id=\"t1a_130\">-1.00 </span><span class=\"S2433 SC5 S2\" id=\"t1b_130\">5 950 970 </span><span class=\"S2434 SC5 S2\" id=\"t1c_130\">6 462 669 </span><span class=\"S2435 SC5 S2\" id=\"t1d_130\">7 002 873 </span><span class=\"S2436 SC5 S2\" id=\"t1e_130\">7 547 938 </span><span class=\"S2437 SC5 S2\" id=\"t1f_130\">8 093 002 </span><span class=\"S2438 SC4 S2\" id=\"t1g_130\">74.4 </span><span class=\"S2439 SC4 S2\" id=\"t1h_130\">- </span><span class=\"S243A SC5 S2\" id=\"t1i_130\">6 074 858 </span><span class=\"S243B SC5 S2\" id=\"t1j_130\">6 593 549 </span><span class=\"S243C SC4 S2\" id=\"t1k_130\">7 141 087 </span><span class=\"S243D SC5 S2\" id=\"t1l_130\">7 693 546 </span><span class=\"S243E SC5 S2\" id=\"t1m_130\">8 246 005 </span><span class=\"S243F SC4 S2\" id=\"t1n_130\">75.4 </span><span class=\"S2440 SC4 S2\" id=\"t1o_130\">1.00 </span><span class=\"S2441 SC5 S2\" id=\"t1p_130\">6 198 746 </span><span class=\"S2442 SC5 S2\" id=\"t1q_130\">6 724 430 </span><span class=\"S2443 SC5 S2\" id=\"t1r_130\">7 279 301 </span><span class=\"S2444 SC5 S2\" id=\"t1s_130\">7 839 154 </span><span class=\"S2445 SC5 S2\" id=\"t1t_130\">8 399 008 </span><span class=\"S2446 SC4 S2\" id=\"t1u_130\">76.4 </span><span class=\"S2447 SC4 S2\" id=\"t1v_130\">2.00 </span><span class=\"S2448 SC5 S2\" id=\"t1w_130\">6 322 635 </span><span class=\"S2449 SC5 S2\" id=\"t1x_130\">6 855 311 </span><span class=\"S244A SC5 S2\" id=\"t1y_130\">7 417 514 </span><span class=\"S244B SC5 S2\" id=\"t1z_130\">7 984 762 </span><span class=\"S244C SC5 S2\" id=\"t20_130\">8 552 011 </span><span class=\"S244D SC4 S2\" id=\"t21_130\">79.4 </span><span class=\"S244E SC4 S2\" id=\"t22_130\">5.00 </span><span class=\"S244F SC5 S2\" id=\"t23_130\">6 694 300 </span><span class=\"S2450 SC5 S2\" id=\"t24_130\">7 247 953 </span><span class=\"S2451 SC5 S2\" id=\"t25_130\">7 832 155 </span><span class=\"S2452 SC5 S2\" id=\"t26_130\">8 421 587 </span><span class=\"S2453 SC5 S2\" id=\"t27_130\">9 011 019 </span><span class=\"S2454 S249F S2\" id=\"t28_130\">Sensitivity analysis for weighted average price and monthly discount rate applied </span><span class=\"S2455 SC4 S2\" id=\"t29_130\">Monthly discount rate (%) </span><span class=\"S2456 SC4 S2\" id=\"t2a_130\">2.0 % </span><span class=\"S2457 SC4 S2\" id=\"t2b_130\">3.0 % </span><span class=\"S2458 SC4 S2\" id=\"t2c_130\">4.0 % </span><span class=\"S2459 SC4 S2\" id=\"t2d_130\">5.0 % </span><span class=\"S245A SC4 S2\" id=\"t2e_130\">6.0 % </span><span class=\"S245B SC4 S2\" id=\"t2f_130\">Change in monthly discount rate (%) </span><span class=\"S245C SC4 S2\" id=\"t2g_130\">-2.0 % </span><span class=\"S245D SC4 S2\" id=\"t2h_130\">-1.0 % </span><span class=\"S245E SC4 S2\" id=\"t2i_130\">0.0 % </span><span class=\"S245F SC4 S2\" id=\"t2j_130\">1.0 % </span><span class=\"S2460 SC4 S2\" id=\"t2k_130\">2.0 % </span><span class=\"S2461 SC4 S2\" id=\"t2l_130\">69.4 </span><span class=\"S2462 SC4 S2\" id=\"t2m_130\">-5.00 </span><span class=\"S2463 SC5 S2\" id=\"t2n_130\">7 540 374 </span><span class=\"S2464 SC5 S2\" id=\"t2o_130\">6 964 823 </span><span class=\"S2465 SC5 S2\" id=\"t2p_130\">6 450 019 </span><span class=\"S2466 SC5 S2\" id=\"t2q_130\">5 988 219 </span><span class=\"S2467 SC5 S2\" id=\"t2r_130\">5 572 802 </span><span class=\"S2468 SC4 S2\" id=\"t2s_130\">72.4 </span><span class=\"S2469 SC4 S2\" id=\"t2t_130\">-2.00 </span><span class=\"S246A SC5 S2\" id=\"t2u_130\">8 037 503 </span><span class=\"S246B SC5 S2\" id=\"t2v_130\">7 418 214 </span><span class=\"S246C SC5 S2\" id=\"t2w_130\">6 864 660 </span><span class=\"S246D SC5 S2\" id=\"t2x_130\">6 368 431 </span><span class=\"S246E SC5 S2\" id=\"t2y_130\">5 922 342 </span><span class=\"S246F SC4 S2\" id=\"t2z_130\">73.4 </span><span class=\"S2470 SC4 S2\" id=\"t30_130\">-1.00 </span><span class=\"S2471 SC5 S2\" id=\"t31_130\">8 203 213 </span><span class=\"S2472 SC5 S2\" id=\"t32_130\">7 569 344 </span><span class=\"S2473 SC5 S2\" id=\"t33_130\">7 002 873 </span><span class=\"S2474 SC5 S2\" id=\"t34_130\">6 495 169 </span><span class=\"S2475 SC5 S2\" id=\"t35_130\">6 038 855 </span><span class=\"S2476 SC4 S2\" id=\"t36_130\">74.4 </span><span class=\"S2477 SC4 S2\" id=\"t37_130\">- </span><span class=\"S2478 SC5 S2\" id=\"t38_130\">8 368 922 </span><span class=\"S2479 SC5 S2\" id=\"t39_130\">7 720 475 </span><span class=\"S247A SC4 S2\" id=\"t3a_130\">7 141 087 </span><span class=\"S247B SC5 S2\" id=\"t3b_130\">6 621 906 </span><span class=\"S247C SC5 S2\" id=\"t3c_130\">6 155 368 </span><span class=\"S247D SC4 S2\" id=\"t3d_130\">75.4 </span><span class=\"S247E SC4 S2\" id=\"t3e_130\">1.00 </span><span class=\"S247F SC5 S2\" id=\"t3f_130\">8 534 632 </span><span class=\"S2480 SC5 S2\" id=\"t3g_130\">7 871 605 </span><span class=\"S2481 SC5 S2\" id=\"t3h_130\">7 279 301 </span><span class=\"S2482 SC5 S2\" id=\"t3i_130\">6 748 644 </span><span class=\"S2483 SC5 S2\" id=\"t3j_130\">6 271 881 </span><span class=\"S2484 SC4 S2\" id=\"t3k_130\">76.4 </span><span class=\"S2485 SC4 S2\" id=\"t3l_130\">2.00 </span><span class=\"S2486 SC5 S2\" id=\"t3m_130\">8 700 342 </span><span class=\"S2487 SC5 S2\" id=\"t3n_130\">8 022 736 </span><span class=\"S2488 SC5 S2\" id=\"t3o_130\">7 417 514 </span><span class=\"S2489 SC5 S2\" id=\"t3p_130\">6 875 381 </span><span class=\"S248A SC5 S2\" id=\"t3q_130\">6 388 395 </span><span class=\"S248B SC4 S2\" id=\"t3r_130\">79.4 </span><span class=\"S248C SC4 S2\" id=\"t3s_130\">5.00 </span><span class=\"S248D SC5 S2\" id=\"t3t_130\">9 197 470 </span><span class=\"S248E SC5 S2\" id=\"t3u_130\">8 476 127 </span><span class=\"S248F SC5 S2\" id=\"t3v_130\">7 832 155 </span><span class=\"S2490 SC5 S2\" id=\"t3w_130\">7 255 594 </span><span class=\"S2491 SC5 S2\" id=\"t3x_130\">6 737 935 </span><span class=\"S2492 SC5 S170F S2\" id=\"t3y_130\">Average price per kg (NOK) </span><span class=\"S2493 SC5 S170F S2\" id=\"t3z_130\">Average price per kg (NOK) </span><span class=\"S2494 SC5 S170F S2\" id=\"t40_130\">Change in price per kg (NOK) </span><span class=\"S2495 SC5 S170F S2\" id=\"t41_130\">Change in price per kg (NOK) </span><span class=\"S2496 SC8 S2\" id=\"t42_130\">The table shows changes in </span><span class=\"S2497 SC8 S2\" id=\"t43_130\">estimated fair value (present value) </span><span class=\"S2498 SC8 S2\" id=\"t44_130\">before provision for loss-making </span><span class=\"S2499 SC8 S2\" id=\"t45_130\">contracts for the parameters price </span><span class=\"S249A SC8 S2\" id=\"t46_130\">per kg and monthly discount rate. For </span><span class=\"S249B SC8 S2\" id=\"t47_130\">the monthly discount rate, the table </span><span class=\"S249C SC8 S2\" id=\"t48_130\">simulates an absolute change of +/- </span><span class=\"S249D SC8 S2\" id=\"t49_130\">1% and +/- 2% (100 and 200 points) </span><span class=\"S249E SC8 S2\" id=\"t4a_130\">respectively. </span><span class=\"S24A0 SC8 S2\" id=\"t1_131\">respectively. For the number of \ufb01sh in </span><span class=\"S24A1 SC8 S2\" id=\"t2_131\">stock, the table simulates a change </span><span class=\"S24A2 SC8 S2\" id=\"t3_131\">of +/- 1%, 2% and 5% in the number of </span><span class=\"S1F3 SC8 S2\" id=\"t4_131\">\ufb01sh per locality for all localities with </span><span class=\"S24A3 SC8 S2\" id=\"t5_131\">\ufb01sh in stock. </span><span class=\"S24A4 SC8 S2\" id=\"t6_131\">The table shows changes in </span><span class=\"S24A5 SC8 S2\" id=\"t7_131\">estimated fair value (present value) </span><span class=\"S24A6 SC8 S2\" id=\"t8_131\">before provision for loss-making </span><span class=\"SF2A SC8 S2\" id=\"t9_131\">contracts for the parameters </span><span class=\"S24A7 SC8 S2\" id=\"ta_131\">monthly discount rate and estimated </span><span class=\"S24A8 SC8 S2\" id=\"tb_131\">number of \ufb01sh in stock on the date of </span><span class=\"S24A9 SC8 S2\" id=\"tc_131\">the statement of \ufb01nancial position. </span><span class=\"S24AA SC8 S2\" id=\"td_131\">For the monthly discount rate, the </span><span class=\"SE2E SC8 S2\" id=\"te_131\">table simulates an absolute change </span><span class=\"S24AB SC8 S2\" id=\"tf_131\">of +/- 1% and 2% (100 and 200 points) </span><span class=\"S24AC S249F S2\" id=\"tg_131\">Sensitivity analysis for number of \ufb01sh in stock and monthly discount rate applied </span><span class=\"S24AD SC4 S2\" id=\"th_131\">Monthly discount rate (%) </span><span class=\"S24AE SC4 S2\" id=\"ti_131\">2.0 % </span><span class=\"S24AF SC4 S2\" id=\"tj_131\">3.0 % </span><span class=\"S24B0 SC4 S2\" id=\"tk_131\">4.0 % </span><span class=\"S24B1 SC4 S2\" id=\"tl_131\">5.0 % </span><span class=\"S24B2 SC4 S2\" id=\"tm_131\">6.0 % </span><span class=\"S24B3 SC4 S2\" id=\"tn_131\">Change in monthly discount rate (%) </span><span class=\"S24B4 SC4 S2\" id=\"to_131\">-2.0 % </span><span class=\"S24B5 SC4 S2\" id=\"tp_131\">-1.0 % </span><span class=\"S24B6 SC4 S2\" id=\"tq_131\">0.0 % </span><span class=\"S24B7 SC4 S2\" id=\"tr_131\">1.0 % </span><span class=\"S24B8 SC4 S2\" id=\"ts_131\">2.0 % </span><span class=\"S24B9 SC4 S2\" id=\"tt_131\">51.3 </span><span class=\"S24BA SC4 S2\" id=\"tu_131\">-5 % </span><span class=\"S24BB SC5 S2\" id=\"tv_131\">7 751 456 </span><span class=\"S24BC SC5 S2\" id=\"tw_131\">7 156 572 </span><span class=\"S24BD SC5 S2\" id=\"tx_131\">6 624 629 </span><span class=\"S24BE SC5 S2\" id=\"ty_131\">6 147 597 </span><span class=\"S24BF SC5 S2\" id=\"tz_131\">5 718 609 </span><span class=\"S24C0 SC4 S2\" id=\"t10_131\">52.9 </span><span class=\"S24C1 SC4 S2\" id=\"t11_131\">-2 % </span><span class=\"S24C2 SC5 S2\" id=\"t12_131\">8 121 936 </span><span class=\"S24C3 SC5 S2\" id=\"t13_131\">7 494 914 </span><span class=\"S24C4 SC5 S2\" id=\"t14_131\">6 934 504 </span><span class=\"S24C5 SC5 S2\" id=\"t15_131\">6 432 183 </span><span class=\"S24C6 SC5 S2\" id=\"t16_131\">5 980 664 </span><span class=\"S24C7 SC4 S2\" id=\"t17_131\">53.4 </span><span class=\"S24C8 SC4 S2\" id=\"t18_131\">-1 % </span><span class=\"S24C9 SC5 S2\" id=\"t19_131\">8 245 429 </span><span class=\"S24CA SC5 S2\" id=\"t1a_131\">7 607 694 </span><span class=\"S24CB SC5 S2\" id=\"t1b_131\">7 037 796 </span><span class=\"S24CC SC5 S2\" id=\"t1c_131\">6 527 045 </span><span class=\"S24CD SC5 S2\" id=\"t1d_131\">6 068 016 </span><span class=\"S24CE SC4 S2\" id=\"t1e_131\">54.0 </span><span class=\"S24CF SC4 S2\" id=\"t1f_131\">- </span><span class=\"S24D0 SC5 S2\" id=\"t1g_131\">8 368 922 </span><span class=\"S24D1 SC5 S2\" id=\"t1h_131\">7 720 475 </span><span class=\"S24D2 SC4 S2\" id=\"t1i_131\">7 141 087 </span><span class=\"S24D3 SC5 S2\" id=\"t1j_131\">6 621 906 </span><span class=\"S24D4 SC5 S2\" id=\"t1k_131\">6 155 368 </span><span class=\"S24D5 SC4 S2\" id=\"t1l_131\">54.5 </span><span class=\"S24D6 SC4 S2\" id=\"t1m_131\">1 % </span><span class=\"S24D7 SC5 S2\" id=\"t1n_131\">8 492 416 </span><span class=\"S24D8 SC5 S2\" id=\"t1o_131\">7 833 256 </span><span class=\"S24D9 SC5 S2\" id=\"t1p_131\">7 244 379 </span><span class=\"S24DA SC5 S2\" id=\"t1q_131\">6 716 768 </span><span class=\"S24DB SC5 S2\" id=\"t1r_131\">6 242 720 </span><span class=\"S24DC SC4 S2\" id=\"t1s_131\">55.0 </span><span class=\"S24DD SC4 S2\" id=\"t1t_131\">2 % </span><span class=\"S24DE SC5 S2\" id=\"t1u_131\">8 615 909 </span><span class=\"S24DF SC5 S2\" id=\"t1v_131\">7 946 036 </span><span class=\"S24E0 SC5 S2\" id=\"t1w_131\">7 347 670 </span><span class=\"S24E1 SC5 S2\" id=\"t1x_131\">6 811 630 </span><span class=\"S24E2 SC5 S2\" id=\"t1y_131\">6 330 072 </span><span class=\"S24E3 SC4 S2\" id=\"t1z_131\">56.6 </span><span class=\"S24E4 SC4 S2\" id=\"t20_131\">5 % </span><span class=\"S24E5 SC5 S2\" id=\"t21_131\">8 986 389 </span><span class=\"S24E6 SC5 S2\" id=\"t22_131\">8 284 378 </span><span class=\"S24E7 SC5 S2\" id=\"t23_131\">7 657 545 </span><span class=\"S24E8 SC5 S2\" id=\"t24_131\">7 096 215 </span><span class=\"S24E9 SC5 S2\" id=\"t25_131\">6 592 128 </span><span class=\"S24EA SC5 S170F S2\" id=\"t26_131\">Number of \ufb01sh in stock (in millions) </span><span class=\"S24EB SC5 S170F S2\" id=\"t27_131\">Change in number of \ufb01sh </span><span class=\"S24EC S249F S2\" id=\"t28_131\">Sensitivity analysis for weighted average price and number of \ufb01sh in stock </span><span class=\"S24ED SC4 S2\" id=\"t29_131\">Number of \ufb01sh in stock (million \ufb01sh) </span><span class=\"S24EE SC4 S2\" id=\"t2a_131\">50.6 </span><span class=\"S24EF SC4 S2\" id=\"t2b_131\">52.2 </span><span class=\"S24F0 SC4 S2\" id=\"t2c_131\">53.3 </span><span class=\"S24F1 SC4 S2\" id=\"t2d_131\">54.3 </span><span class=\"S24F2 SC4 S2\" id=\"t2e_131\">55.9 </span><span class=\"S24F3 SC4 S2\" id=\"t2f_131\">Change in number of \ufb01sh in stock </span><span class=\"S24F4 SC4 S2\" id=\"t2g_131\">-5 % </span><span class=\"S24F5 SC4 S2\" id=\"t2h_131\">-2 % </span><span class=\"S24F6 SC4 S2\" id=\"t2i_131\">0 % </span><span class=\"S24F7 SC4 S2\" id=\"t2j_131\">2 % </span><span class=\"S24F8 SC4 S2\" id=\"t2k_131\">5 % </span><span class=\"S24F9 SC4 S2\" id=\"t2l_131\">69.4 </span><span class=\"S24FA SC4 S2\" id=\"t2m_131\">-5.00 </span><span class=\"S24FB SC5 S2\" id=\"t2n_131\">5 968 115 </span><span class=\"S24FC SC5 S2\" id=\"t2o_131\">6 257 257 </span><span class=\"S24FD SC5 S2\" id=\"t2p_131\">6 450 019 </span><span class=\"S24FE SC5 S2\" id=\"t2q_131\">6 642 780 </span><span class=\"S24FF SC5 S2\" id=\"t2r_131\">6 931 923 </span><span class=\"S2500 SC4 S2\" id=\"t2s_131\">72.4 </span><span class=\"S2501 SC4 S2\" id=\"t2t_131\">-2.00 </span><span class=\"S2502 SC5 S2\" id=\"t2u_131\">6 362 024 </span><span class=\"S2503 SC5 S2\" id=\"t2v_131\">6 663 605 </span><span class=\"S2504 SC5 S2\" id=\"t2w_131\">6 864 660 </span><span class=\"S2505 SC5 S2\" id=\"t2x_131\">7 065 714 </span><span class=\"S2506 SC5 S2\" id=\"t2y_131\">7 367 296 </span><span class=\"S2507 SC4 S2\" id=\"t2z_131\">73.4 </span><span class=\"S2508 SC4 S2\" id=\"t30_131\">-1.00 </span><span class=\"S2509 SC5 S2\" id=\"t31_131\">6 493 326 </span><span class=\"S250A SC5 S2\" id=\"t32_131\">6 799 055 </span><span class=\"S250B SC5 S2\" id=\"t33_131\">7 002 873 </span><span class=\"S250C SC5 S2\" id=\"t34_131\">7 206 692 </span><span class=\"S250D SC5 S2\" id=\"t35_131\">7 512 420 </span><span class=\"S250E SC4 S2\" id=\"t36_131\">74.4 </span><span class=\"S250F SC4 S2\" id=\"t37_131\">- </span><span class=\"S2510 SC5 S2\" id=\"t38_131\">6 624 629 </span><span class=\"S2511 SC5 S2\" id=\"t39_131\">6 934 504 </span><span class=\"S2512 SC4 S2\" id=\"t3a_131\">7 141 087 </span><span class=\"S2513 SC5 S2\" id=\"t3b_131\">7 347 670 </span><span class=\"S2514 SC5 S2\" id=\"t3c_131\">7 657 545 </span><span class=\"S2515 SC4 S2\" id=\"t3d_131\">75.4 </span><span class=\"S2516 SC4 S2\" id=\"t3e_131\">1.00 </span><span class=\"S2517 SC5 S2\" id=\"t3f_131\">6 755 932 </span><span class=\"S2518 SC5 S2\" id=\"t3g_131\">7 069 953 </span><span class=\"S2519 SC5 S2\" id=\"t3h_131\">7 279 301 </span><span class=\"S251A SC5 S2\" id=\"t3i_131\">7 488 648 </span><span class=\"S251B SC5 S2\" id=\"t3j_131\">7 802 669 </span><span class=\"S251C SC4 S2\" id=\"t3k_131\">76.4 </span><span class=\"S251D SC4 S2\" id=\"t3l_131\">2.00 </span><span class=\"S251E SC5 S2\" id=\"t3m_131\">6 887 235 </span><span class=\"S251F SC5 S2\" id=\"t3n_131\">7 205 403 </span><span class=\"S2520 SC5 S2\" id=\"t3o_131\">7 417 514 </span><span class=\"S2521 SC5 S2\" id=\"t3p_131\">7 629 626 </span><span class=\"S2522 SC5 S2\" id=\"t3q_131\">7 947 793 </span><span class=\"S2523 SC4 S2\" id=\"t3r_131\">79.4 </span><span class=\"S2524 SC4 S2\" id=\"t3s_131\">5.00 </span><span class=\"S2525 SC5 S2\" id=\"t3t_131\">7 281 144 </span><span class=\"S2526 SC5 S2\" id=\"t3u_131\">7 611 751 </span><span class=\"S2527 SC5 S2\" id=\"t3v_131\">7 832 155 </span><span class=\"S2528 SC5 S2\" id=\"t3w_131\">8 052 560 </span><span class=\"S2529 SC5 S2\" id=\"t3x_131\">8 383 166 </span><span class=\"S252A SC5 S170F S2\" id=\"t3y_131\">Average price per kg (NOK) </span><span class=\"S252B SC5 S170F S2\" id=\"t3z_131\">Change in price per kg (NOK) </span><span class=\"S252C SC8 S2\" id=\"t40_131\">The table shows changes in estimated </span><span class=\"S252D SC8 S2\" id=\"t41_131\">fair value (present value) before </span><span class=\"S252E SC8 S2\" id=\"t42_131\">provision for loss-making contracts </span><span class=\"S252F SC8 S2\" id=\"t43_131\">for the parameters price per kg and </span><span class=\"S2530 SC8 S2\" id=\"t44_131\">estimated number of \ufb01sh in stock on </span><span class=\"S2531 SC8 S2\" id=\"t45_131\">the balance sheet date. For the </span><span class=\"S2532 SC8 S2\" id=\"t46_131\">number of \ufb01sh in stock, the table </span><span class=\"S2533 SC8 S2\" id=\"t47_131\">simulates a change of +/- 2% and +/- </span><span class=\"S2534 SC8 S2\" id=\"t48_131\">5% in the number of \ufb01sh per locality </span><span class=\"S2535 SC8 S2\" id=\"t49_131\">for all localities with \ufb01sh in stock. </span>",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f12376": {
   "value": "<span class=\"S2536 S108 S2\" id=\"t1_132\">The list below shows which </span><span class=\"S2537 S108 S2\" id=\"t2_132\">companies are included in the </span><span class=\"S2538 S108 S2\" id=\"t3_132\">consolidated \ufb01nancial statements, </span><span class=\"S2539 S108 S2\" id=\"t4_132\">and how these are allocated to </span><span class=\"S253A S108 S2\" id=\"t5_132\">business area and operating </span><span class=\"S253B S108 S2\" id=\"t6_132\">segment. It also shows changes in </span><span class=\"S253C S108 S2\" id=\"t7_132\">ownership through the year. </span><span class=\"S253D S108 S2\" id=\"t8_132\">Reference is made to the note on </span><span class=\"S253E S108 S2\" id=\"t9_132\">subsidiaries in Ler\u00f8y Seafood Group </span><span class=\"S253F S108 S2\" id=\"ta_132\">ASA\u2019s \ufb01nancial statements for more </span><span class=\"S2540 S108 S2\" id=\"tb_132\">detailed information, including book </span><span class=\"S2541 S108 S2\" id=\"tc_132\">values. </span><span class=\"S2542 SC4 S2\" id=\"td_132\">Company </span><span class=\"S2543 SC4 S2\" id=\"te_132\">Ownership </span><span class=\"S2544 SC4 S2\" id=\"tf_132\">Country </span><span class=\"S2545 SC4 S2\" id=\"tg_132\">Registered </span><span class=\"S2546 SC4 S2\" id=\"th_132\">business </span><span class=\"S2547 SC4 S2\" id=\"ti_132\">premises </span><span class=\"S2548 SC4 S2\" id=\"tj_132\">Year of </span><span class=\"S2549 SC4 S2\" id=\"tk_132\">acquisition </span><span class=\"S254A SC4 S2\" id=\"tl_132\">Share </span><span class=\"S254B SC4 S2\" id=\"tm_132\">01.01 </span><span class=\"S254C SC4 S2\" id=\"tn_132\">Share </span><span class=\"S254D SC4 S2\" id=\"to_132\">31.12 </span><span class=\"S254E SC4 S2\" id=\"tp_132\">Wild catch </span><span class=\"S254F SC5 S2\" id=\"tq_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2550 SC5 S2\" id=\"tr_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2551 SC5 S2\" id=\"ts_132\">Norway </span><span class=\"S2552 SC5 S2\" id=\"tt_132\">\u00c5lesund </span><span class=\"S2553 SC5 S2\" id=\"tu_132\">2016 </span><span class=\"S2554 SC5 S2\" id=\"tv_132\">100 % </span><span class=\"S2555 SC5 S2\" id=\"tw_132\">100 % </span><span class=\"S2556 SC5 S2\" id=\"tx_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2557 SC5 S2\" id=\"ty_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2558 SC5 S2\" id=\"tz_132\">Norway </span><span class=\"S2559 SC5 S2\" id=\"t10_132\">B\u00e5tsfjord </span><span class=\"S255A SC5 S2\" id=\"t11_132\">2016 </span><span class=\"S255B SC5 S2\" id=\"t12_132\">100 % </span><span class=\"S255C SC5 S2\" id=\"t13_132\">100 % </span><span class=\"S255D SC5 S2\" id=\"t14_132\">Melbu Fryselager AS </span><span class=\"S255E SC5 S2\" id=\"t15_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S255F SC5 S2\" id=\"t16_132\">Norway </span><span class=\"S2560 SC5 S2\" id=\"t17_132\">Hadsel </span><span class=\"S2561 SC5 S2\" id=\"t18_132\">2016 </span><span class=\"S2562 SC5 S2\" id=\"t19_132\">100 % </span><span class=\"S2563 SC5 S2\" id=\"t1a_132\">100 % </span><span class=\"S2564 SC5 S2\" id=\"t1b_132\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S2565 SC5 S2\" id=\"t1c_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2566 SC5 S2\" id=\"t1d_132\">Norway </span><span class=\"S2567 SC5 S2\" id=\"t1e_132\">Hasvik </span><span class=\"S2568 SC5 S2\" id=\"t1f_132\">2016 </span><span class=\"S2569 SC5 S2\" id=\"t1g_132\">51 % </span><span class=\"S256A SC5 S2\" id=\"t1h_132\">51 % </span><span class=\"S256B SC5 S2\" id=\"t1i_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S256C SC5 S2\" id=\"t1j_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S256D SC5 S2\" id=\"t1k_132\">Norway </span><span class=\"S256E SC5 S2\" id=\"t1l_132\">Hammerfest </span><span class=\"S256F SC5 S2\" id=\"t1m_132\">2016 </span><span class=\"S2570 SC5 S2\" id=\"t1n_132\">100 % </span><span class=\"S2571 SC5 S2\" id=\"t1o_132\">100 % </span><span class=\"S2572 SC5 S2\" id=\"t1p_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2573 SC5 S2\" id=\"t1q_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2574 SC5 S2\" id=\"t1r_132\">Norway </span><span class=\"S2575 SC5 S2\" id=\"t1s_132\">Hadsel </span><span class=\"S2576 SC5 S2\" id=\"t1t_132\">2016 </span><span class=\"S2577 SC5 S2\" id=\"t1u_132\">100 % </span><span class=\"S2578 SC5 S2\" id=\"t1v_132\">100 % </span><span class=\"S2579 SC5 S2\" id=\"t1w_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S257A SC5 S2\" id=\"t1x_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S257B SC5 S2\" id=\"t1y_132\">Norway </span><span class=\"S257C SC5 S2\" id=\"t1z_132\">Vestv\u00e5g\u00f8y </span><span class=\"S257D SC5 S2\" id=\"t20_132\">2016 </span><span class=\"S257E SC5 S2\" id=\"t21_132\">100 % </span><span class=\"S257F SC5 S2\" id=\"t22_132\">100 % </span><span class=\"S2580 SC5 S2\" id=\"t23_132\">Nordland Hav\ufb01ske AS </span><span class=\"S2581 SC5 S2\" id=\"t24_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S2582 SC5 S2\" id=\"t25_132\">Norway </span><span class=\"S2583 SC5 S2\" id=\"t26_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2584 SC5 S2\" id=\"t27_132\">2016 </span><span class=\"S2585 SC5 S2\" id=\"t28_132\">53 % </span><span class=\"S2586 SC5 S2\" id=\"t29_132\">53 % </span><span class=\"S2587 SC5 S2\" id=\"t2a_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2588 SC5 S2\" id=\"t2b_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S2589 SC5 S2\" id=\"t2c_132\">Norway </span><span class=\"S258A SC5 S2\" id=\"t2d_132\">Hammerfest </span><span class=\"S258B SC5 S2\" id=\"t2e_132\">2016 </span><span class=\"S258C SC5 S2\" id=\"t2f_132\">6 % </span><span class=\"S258D SC5 S2\" id=\"t2g_132\">6 % </span><span class=\"S258E SC5 S2\" id=\"t2h_132\">Nordland Hav\ufb01ske AS </span><span class=\"S258F SC5 S2\" id=\"t2i_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2590 SC5 S2\" id=\"t2j_132\">Norway </span><span class=\"S2591 SC5 S2\" id=\"t2k_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2592 SC5 S2\" id=\"t2l_132\">2016 </span><span class=\"S2593 SC5 S2\" id=\"t2m_132\">47 % </span><span class=\"S2594 SC5 S2\" id=\"t2n_132\">47 % </span><span class=\"S2595 SC5 S2\" id=\"t2o_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2596 SC5 S2\" id=\"t2p_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S2597 SC5 S2\" id=\"t2q_132\">Norway </span><span class=\"S2598 SC5 S2\" id=\"t2r_132\">Hammerfest </span><span class=\"S2599 SC5 S2\" id=\"t2s_132\">2016 </span><span class=\"S259A SC5 S2\" id=\"t2t_132\">78 % </span><span class=\"S259B SC5 S2\" id=\"t2u_132\">78 % </span><span class=\"S259C SC5 S2\" id=\"t2v_132\">Hammerfest Industri\ufb01ske AS </span><span class=\"S259D SC5 S2\" id=\"t2w_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S259E SC5 S2\" id=\"t2x_132\">Norway </span><span class=\"S259F SC5 S2\" id=\"t2y_132\">Hammerfest </span><span class=\"S25A0 SC5 S2\" id=\"t2z_132\">2016 </span><span class=\"S25A1 SC5 S2\" id=\"t30_132\">60 % </span><span class=\"S25A2 SC5 S2\" id=\"t31_132\">60 % </span><span class=\"S25A3 SC5 S2\" id=\"t32_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25A4 SC5 S2\" id=\"t33_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25A5 SC5 S2\" id=\"t34_132\">Norway </span><span class=\"S25A6 SC5 S2\" id=\"t35_132\">B\u00e5tsfjord </span><span class=\"S25A7 SC5 S2\" id=\"t36_132\">2016 </span><span class=\"S25A8 SC5 S2\" id=\"t37_132\">100 % </span><span class=\"S25A9 SC5 S2\" id=\"t38_132\">100 % </span><span class=\"S25AA SC5 S2\" id=\"t39_132\">Hav\ufb01sk Management AS </span><span class=\"S25AB SC5 S2\" id=\"t3a_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25AC SC5 S2\" id=\"t3b_132\">Norway </span><span class=\"S25AD SC5 S2\" id=\"t3c_132\">Hammerfest </span><span class=\"S25AE SC5 S2\" id=\"t3d_132\">2016 </span><span class=\"S25AF SC5 S2\" id=\"t3e_132\">100 % </span><span class=\"S25B0 SC5 S2\" id=\"t3f_132\">100 % </span><span class=\"S25B1 SC5 S2\" id=\"t3g_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S25B2 SC5 S2\" id=\"t3h_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25B3 SC5 S2\" id=\"t3i_132\">Norway </span><span class=\"S25B4 SC5 S2\" id=\"t3j_132\">Lebesby </span><span class=\"S25B5 SC5 S2\" id=\"t3k_132\">2016 </span><span class=\"S25B6 SC5 S2\" id=\"t3l_132\">100 % </span><span class=\"S25B7 SC5 S2\" id=\"t3m_132\">100 % </span><span class=\"S25B8 SC5 S2\" id=\"t3n_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S25B9 SC5 S2\" id=\"t3o_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25BA SC5 S2\" id=\"t3p_132\">Norway </span><span class=\"S25BB SC5 S2\" id=\"t3q_132\">Hammerfest </span><span class=\"S25BC SC5 S2\" id=\"t3r_132\">2016 </span><span class=\"S25BD SC5 S2\" id=\"t3s_132\">13 % </span><span class=\"S25BE SC5 S2\" id=\"t3t_132\">13 % </span><span class=\"S25BF SC4 S2\" id=\"t3u_132\">Farming </span><span class=\"S25C0 SC5 S2\" id=\"t3v_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C1 SC5 S2\" id=\"t3w_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25C2 SC5 S2\" id=\"t3x_132\">Norway </span><span class=\"S25C3 SC5 S2\" id=\"t3y_132\">Troms\u00f8 </span><span class=\"S25C4 SC5 S2\" id=\"t3z_132\">2005 </span><span class=\"S25C5 SC5 S2\" id=\"t40_132\">100 % </span><span class=\"S25C6 SC5 S2\" id=\"t41_132\">100 % </span><span class=\"S25C7 SC5 S2\" id=\"t42_132\">Ler\u00f8y Aurora 2 AS </span><span class=\"S25C8 SC5 S2\" id=\"t43_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C9 SC5 S2\" id=\"t44_132\">Norway </span><span class=\"S25CA SC5 S2\" id=\"t45_132\">Troms\u00f8 </span><span class=\"S25CB SC5 S2\" id=\"t46_132\">2022 </span><span class=\"S25CC SC5 S2\" id=\"t47_132\">0 % </span><span class=\"S25CD SC5 S2\" id=\"t48_132\">100 % </span><span class=\"S25CE S269C S2\" id=\"t49_132\">3) </span><span class=\"S25CF SC5 S2\" id=\"t4a_132\">Ler\u00f8y Midt AS </span><span class=\"S25D0 SC5 S2\" id=\"t4b_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25D1 SC5 S2\" id=\"t4c_132\">Norway </span><span class=\"S25D2 SC5 S2\" id=\"t4d_132\">Hitra </span><span class=\"S25D3 SC5 S2\" id=\"t4e_132\">2003 </span><span class=\"S25D4 SC5 S2\" id=\"t4f_132\">100 % </span><span class=\"S25D5 SC5 S2\" id=\"t4g_132\">100 % </span><span class=\"S25D6 SC5 S2\" id=\"t4h_132\">Ler\u00f8y Midt 2 AS </span><span class=\"S25D7 SC5 S2\" id=\"t4i_132\">Ler\u00f8y Midt AS </span><span class=\"S25D8 SC5 S2\" id=\"t4j_132\">Norway </span><span class=\"S25D9 SC5 S2\" id=\"t4k_132\">Hitra </span><span class=\"S25DA SC5 S2\" id=\"t4l_132\">2022 </span><span class=\"S25DB SC5 S2\" id=\"t4m_132\">0 % </span><span class=\"S25DC SC5 S2\" id=\"t4n_132\">100 % </span><span class=\"S25DD S269C S2\" id=\"t4o_132\">3) </span><span class=\"S25DE SC5 S2\" id=\"t4p_132\">Ler\u00f8y Vest AS </span><span class=\"S25DF SC5 S2\" id=\"t4q_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25E0 SC5 S2\" id=\"t4r_132\">Norway </span><span class=\"S25E1 SC5 S2\" id=\"t4s_132\">Austevoll </span><span class=\"S25E2 SC5 S2\" id=\"t4t_132\">2007 </span><span class=\"S25E3 SC5 S2\" id=\"t4u_132\">100 % </span><span class=\"S25E4 SC5 S2\" id=\"t4v_132\">100 % </span><span class=\"S25E5 SC5 S2\" id=\"t4w_132\">Ler\u00f8y Vest 2 AS </span><span class=\"S25E6 SC5 S2\" id=\"t4x_132\">Ler\u00f8y Vest AS </span><span class=\"S25E7 SC5 S2\" id=\"t4y_132\">Norway </span><span class=\"S25E8 SC5 S2\" id=\"t4z_132\">Austevoll </span><span class=\"S25E9 SC5 S2\" id=\"t50_132\">2022 </span><span class=\"S25EA SC5 S2\" id=\"t51_132\">0 % </span><span class=\"S25EB SC5 S2\" id=\"t52_132\">100 % </span><span class=\"S25EC S269C S2\" id=\"t53_132\">3) </span><span class=\"S25ED SC5 S2\" id=\"t54_132\">Ler\u00f8y Vest Kraft AS </span><span class=\"S25EE SC5 S2\" id=\"t55_132\">Ler\u00f8y Vest AS </span><span class=\"S25EF SC5 S2\" id=\"t56_132\">Norway </span><span class=\"S25F0 SC5 S2\" id=\"t57_132\">Austevoll </span><span class=\"S25F1 SC5 S2\" id=\"t58_132\">2022 </span><span class=\"S25F2 SC5 S2\" id=\"t59_132\">0 % </span><span class=\"S25F3 SC5 S2\" id=\"t5a_132\">100 % </span><span class=\"S25F4 S269C S2\" id=\"t5b_132\">5) </span><span class=\"S25F5 SC5 S2\" id=\"t5c_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25F6 SC5 S2\" id=\"t5d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25F7 SC5 S2\" id=\"t5e_132\">Norway </span><span class=\"S25F8 SC5 S2\" id=\"t5f_132\">Austevoll </span><span class=\"S25F9 SC5 S2\" id=\"t5g_132\">2010 </span><span class=\"S25FA SC5 S2\" id=\"t5h_132\">51 % </span><span class=\"S25FB SC5 S2\" id=\"t5i_132\">51 % </span><span class=\"S25FC SC5 S2\" id=\"t5j_132\">Sj\u00f8troll Havbruk 2 AS </span><span class=\"S25FD SC5 S2\" id=\"t5k_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25FE SC5 S2\" id=\"t5l_132\">Norway </span><span class=\"S25FF SC5 S2\" id=\"t5m_132\">Austevoll </span><span class=\"S2600 SC5 S2\" id=\"t5n_132\">2022 </span><span class=\"S2601 SC5 S2\" id=\"t5o_132\">0 % </span><span class=\"S2602 SC5 S2\" id=\"t5p_132\">100 % </span><span class=\"S2603 S269C S2\" id=\"t5q_132\">3) </span><span class=\"S2604 SC5 S2\" id=\"t5r_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S2605 SC5 S2\" id=\"t5s_132\">Ler\u00f8y Vest AS </span><span class=\"S2606 SC5 S2\" id=\"t5t_132\">Norway </span><span class=\"S2607 SC5 S2\" id=\"t5u_132\">Austevoll </span><span class=\"S2608 SC5 S2\" id=\"t5v_132\">2017 </span><span class=\"S2609 SC5 S2\" id=\"t5w_132\">50 % </span><span class=\"S260A SC5 S2\" id=\"t5x_132\">50 % </span><span class=\"S260B SC5 S2\" id=\"t5y_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S260C SC5 S2\" id=\"t5z_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S260D SC5 S2\" id=\"t60_132\">Norway </span><span class=\"S260E SC5 S2\" id=\"t61_132\">Austevoll </span><span class=\"S260F SC5 S2\" id=\"t62_132\">2017 </span><span class=\"S2610 SC5 S2\" id=\"t63_132\">50 % </span><span class=\"S2611 SC5 S2\" id=\"t64_132\">50 % </span><span class=\"S2612 SC5 S2\" id=\"t65_132\">Norsk Oppdrettsservice AS </span><span class=\"S2613 SC5 S2\" id=\"t66_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2614 SC5 S2\" id=\"t67_132\">Norway </span><span class=\"S2615 SC5 S2\" id=\"t68_132\">Flekkefjord </span><span class=\"S2616 SC5 S2\" id=\"t69_132\">2015 </span><span class=\"S2617 SC5 S2\" id=\"t6a_132\">51 % </span><span class=\"S2618 SC5 S2\" id=\"t6b_132\">51 % </span><span class=\"S2619 SC5 S2\" id=\"t6c_132\">Ler\u00f8y Ocean Harvest AS </span><span class=\"S261A SC5 S2\" id=\"t6d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S261B SC5 S2\" id=\"t6e_132\">Norway </span><span class=\"S261C SC5 S2\" id=\"t6f_132\">Bergen </span><span class=\"S261D SC5 S2\" id=\"t6g_132\">2018 </span><span class=\"S261E SC5 S2\" id=\"t6h_132\">100 % </span><span class=\"S261F SC5 S2\" id=\"t6i_132\">100 % </span><span class=\"S2620 SC5 S2\" id=\"t6j_132\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2621 SC5 S2\" id=\"t6k_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2622 SC5 S2\" id=\"t6l_132\">Norway </span><span class=\"S2623 SC5 S2\" id=\"t6m_132\">Bergen </span><span class=\"S2624 SC5 S2\" id=\"t6n_132\">2021 </span><span class=\"S2625 SC5 S2\" id=\"t6o_132\">100 % </span><span class=\"S2626 SC5 S2\" id=\"t6p_132\">100 % </span><span class=\"S2627 SC4 S2\" id=\"t6q_132\">Value-added processing (VAP), sales and distribution </span><span class=\"S2628 SC5 S2\" id=\"t6r_132\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2629 SC5 S2\" id=\"t6s_132\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S262A SC5 S2\" id=\"t6t_132\">Denmark </span><span class=\"S262B SC5 S2\" id=\"t6u_132\">Hj\u00f8rring </span><span class=\"S262C SC5 S2\" id=\"t6v_132\">2021 </span><span class=\"S262D SC5 S2\" id=\"t6w_132\">100 % </span><span class=\"S262E SC5 S2\" id=\"t6x_132\">100 % </span><span class=\"S262F SC5 S2\" id=\"t6y_132\">Drag\u00f8y Grossist AS </span><span class=\"S2630 SC5 S2\" id=\"t6z_132\">Ler\u00f8y Nord AS </span><span class=\"S2631 SC5 S2\" id=\"t70_132\">Norway </span><span class=\"S2632 SC5 S2\" id=\"t71_132\">Troms\u00f8 </span><span class=\"S2633 SC5 S2\" id=\"t72_132\">2021 </span><span class=\"S2634 SC5 S2\" id=\"t73_132\">51 % </span><span class=\"S2635 SC5 S2\" id=\"t74_132\">51 % </span><span class=\"S2636 SC5 S2\" id=\"t75_132\">Leroy Culinair B.V. </span><span class=\"S2637 SC5 S2\" id=\"t76_132\">Rode Retail B.V. </span><span class=\"S2638 SC5 S2\" id=\"t77_132\">Netherlands </span><span class=\"S2639 SC5 S2\" id=\"t78_132\">Urk </span><span class=\"S263A SC5 S2\" id=\"t79_132\">2012 </span><span class=\"S263B SC5 S2\" id=\"t7a_132\">100 % </span><span class=\"S263C SC5 S2\" id=\"t7b_132\">100 % </span><span class=\"S263D SC5 S2\" id=\"t7c_132\">Leroy Germany GmbH </span><span class=\"S263E SC5 S2\" id=\"t7d_132\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S263F SC5 S2\" id=\"t7e_132\">Germany </span><span class=\"S2640 SC5 S2\" id=\"t7f_132\">Witten </span><span class=\"S2641 SC5 S2\" id=\"t7g_132\">2015 </span><span class=\"S2642 SC5 S2\" id=\"t7h_132\">100 % </span><span class=\"S2643 SC5 S2\" id=\"t7i_132\">100 % </span><span class=\"S2644 SC5 S2\" id=\"t7j_132\">Leroy Processing Canarias SL </span><span class=\"S2645 SC5 S2\" id=\"t7k_132\">Ler\u00f8y Processing Spain SL </span><span class=\"S2646 SC5 S2\" id=\"t7l_132\">Spain </span><span class=\"S2647 SC5 S2\" id=\"t7m_132\">Canarias </span><span class=\"S2648 SC5 S2\" id=\"t7n_132\">2020 </span><span class=\"S2649 SC5 S2\" id=\"t7o_132\">100 % </span><span class=\"S264A SC5 S2\" id=\"t7p_132\">100 % </span><span class=\"S264B SC5 S2\" id=\"t7q_132\">Leroy Seafood Italy SRL </span><span class=\"S264C SC5 S2\" id=\"t7r_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S264D SC5 S2\" id=\"t7s_132\">Italy </span><span class=\"S264E SC5 S2\" id=\"t7t_132\">Porto Viro </span><span class=\"S264F SC5 S2\" id=\"t7u_132\">2019 </span><span class=\"S2650 SC5 S2\" id=\"t7v_132\">100 % </span><span class=\"S2651 SC5 S2\" id=\"t7w_132\">100 % </span><span class=\"S2652 SC5 S2\" id=\"t7x_132\">Leroy Seafood USA Inc </span><span class=\"S2653 SC5 S2\" id=\"t7y_132\">Ler\u00f8y Seafood AS </span><span class=\"S2654 SC5 S2\" id=\"t7z_132\">USA </span><span class=\"S2655 SC5 S2\" id=\"t80_132\">North </span><span class=\"S2656 SC5 S2\" id=\"t81_132\">Carolina </span><span class=\"S2657 SC5 S2\" id=\"t82_132\">2016 </span><span class=\"S2658 SC5 S2\" id=\"t83_132\">100 % </span><span class=\"S2659 SC5 S2\" id=\"t84_132\">100 % </span><span class=\"S265A SC5 S2\" id=\"t85_132\">Ler\u00f8y &amp; Strudshavn AS </span><span class=\"S265B SC5 S2\" id=\"t86_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S265C SC5 S2\" id=\"t87_132\">Norway </span><span class=\"S265D SC5 S2\" id=\"t88_132\">Bergen </span><span class=\"S265E SC5 S2\" id=\"t89_132\">1927 * </span><span class=\"S265F SC5 S2\" id=\"t8a_132\">100 % </span><span class=\"S2660 SC5 S2\" id=\"t8b_132\">100 % </span><span class=\"S2661 SC5 S2\" id=\"t8c_132\">Ler\u00f8y Alfheim AS </span><span class=\"S2662 SC5 S2\" id=\"t8d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2663 SC5 S2\" id=\"t8e_132\">Norway </span><span class=\"S2664 SC5 S2\" id=\"t8f_132\">Bergen </span><span class=\"S2665 SC5 S2\" id=\"t8g_132\">2005 </span><span class=\"S2666 SC5 S2\" id=\"t8h_132\">100 % </span><span class=\"S2667 SC5 S2\" id=\"t8i_132\">0 % </span><span class=\"S2668 S269C S2\" id=\"t8j_132\">6) </span><span class=\"S2669 SC5 S2\" id=\"t8k_132\">Ler\u00f8y Bulandet AS </span><span class=\"S266A SC5 S2\" id=\"t8l_132\">Ler\u00f8y Seafood AS </span><span class=\"S266B SC5 S2\" id=\"t8m_132\">Norway </span><span class=\"S266C SC5 S2\" id=\"t8n_132\">Askvoll </span><span class=\"S266D SC5 S2\" id=\"t8o_132\">2005 </span><span class=\"S266E SC5 S2\" id=\"t8p_132\">83 % </span><span class=\"S266F SC5 S2\" id=\"t8q_132\">83 % </span><span class=\"S2670 SC5 S2\" id=\"t8r_132\">Ler\u00f8y Delico AS </span><span class=\"S2671 SC5 S2\" id=\"t8s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2672 SC5 S2\" id=\"t8t_132\">Norway </span><span class=\"S2673 SC5 S2\" id=\"t8u_132\">Stavanger </span><span class=\"S2674 SC5 S2\" id=\"t8v_132\">2006 </span><span class=\"S2675 SC5 S2\" id=\"t8w_132\">100 % </span><span class=\"S2676 SC5 S2\" id=\"t8x_132\">0 % </span><span class=\"S2677 S269C S2\" id=\"t8y_132\">6) </span><span class=\"S2678 SC5 S2\" id=\"t8z_132\">Ler\u00f8y Finland OY </span><span class=\"S2679 SC5 S2\" id=\"t90_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S267A SC5 S2\" id=\"t91_132\">Finland </span><span class=\"S267B SC5 S2\" id=\"t92_132\">Turku </span><span class=\"S267C SC5 S2\" id=\"t93_132\">2011 </span><span class=\"S267D SC5 S2\" id=\"t94_132\">100 % </span><span class=\"S267E SC5 S2\" id=\"t95_132\">100 % </span><span class=\"S267F SC5 S2\" id=\"t96_132\">Ler\u00f8y Fossen AS </span><span class=\"S2680 SC5 S2\" id=\"t97_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2681 SC5 S2\" id=\"t98_132\">Norway </span><span class=\"S2682 SC5 S2\" id=\"t99_132\">Bergen </span><span class=\"S2683 SC5 S2\" id=\"t9a_132\">2006 </span><span class=\"S2684 SC5 S2\" id=\"t9b_132\">100 % </span><span class=\"S2685 SC5 S2\" id=\"t9c_132\">100 % </span><span class=\"S2686 SC5 S2\" id=\"t9d_132\">Ler\u00f8y Nord AS </span><span class=\"S2687 SC5 S2\" id=\"t9e_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2688 SC5 S2\" id=\"t9f_132\">Norway </span><span class=\"S2689 SC5 S2\" id=\"t9g_132\">Troms\u00f8 </span><span class=\"S268A SC5 S2\" id=\"t9h_132\">2015 </span><span class=\"S268B SC5 S2\" id=\"t9i_132\">51 % </span><span class=\"S268C SC5 S2\" id=\"t9j_132\">51 % </span><span class=\"S268D SC5 S2\" id=\"t9k_132\">Ler\u00f8y Norge AS ** </span><span class=\"S268E SC5 S2\" id=\"t9l_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S268F SC5 S2\" id=\"t9m_132\">Norway </span><span class=\"S2690 SC5 S2\" id=\"t9n_132\">Oslo </span><span class=\"S2691 SC5 S2\" id=\"t9o_132\">2018 </span><span class=\"S2692 SC5 S2\" id=\"t9p_132\">100 % </span><span class=\"S2693 SC5 S2\" id=\"t9q_132\">100 % </span><span class=\"S2694 SC5 S2\" id=\"t9r_132\">Ler\u00f8y Portugal Lda </span><span class=\"S2695 SC5 S2\" id=\"t9s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2696 SC5 S2\" id=\"t9t_132\">Portugal </span><span class=\"S2697 SC5 S2\" id=\"t9u_132\">Lisboa </span><span class=\"S2698 SC5 S2\" id=\"t9v_132\">2005 </span><span class=\"S2699 SC5 S2\" id=\"t9w_132\">100 % </span><span class=\"S269A SC5 S2\" id=\"t9x_132\">100 % </span><span class=\"S2381 S18EC S2\" id=\"ta5_132\">NOTE 4 </span><span class=\"S269B S18EC S2\" id=\"ta6_132\">Consolidated companies and allocation to operating segment </span><span class=\"S269D SC4 S2\" id=\"t1_133\">Company </span><span class=\"S269E SC4 S2\" id=\"t2_133\">Ownership </span><span class=\"S269F SC4 S2\" id=\"t3_133\">Country </span><span class=\"S26A0 SC4 S2\" id=\"t4_133\">Registered </span><span class=\"S26A1 SC4 S2\" id=\"t5_133\">business </span><span class=\"S26A2 SC4 S2\" id=\"t6_133\">premises </span><span class=\"S26A3 SC4 S2\" id=\"t7_133\">Year of </span><span class=\"S26A4 SC4 S2\" id=\"t8_133\">acquisition </span><span class=\"S26A5 SC4 S2\" id=\"t9_133\">Share </span><span class=\"S26A6 SC4 S2\" id=\"ta_133\">01.01 </span><span class=\"S26A7 SC4 S2\" id=\"tb_133\">Share </span><span class=\"S26A8 SC4 S2\" id=\"tc_133\">31.12 </span><span class=\"S26A9 SC5 S2\" id=\"td_133\">Ler\u00f8y Processing Spain SL </span><span class=\"S26AA SC5 S2\" id=\"te_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26AB SC5 S2\" id=\"tf_133\">Spain </span><span class=\"S26AC SC5 S2\" id=\"tg_133\">Madrid </span><span class=\"S26AD SC5 S2\" id=\"th_133\">2012 </span><span class=\"S26AE SC5 S2\" id=\"ti_133\">100 % </span><span class=\"S26AF SC5 S2\" id=\"tj_133\">100 % </span><span class=\"S26B0 SC5 S2\" id=\"tk_133\">Ler\u00f8y Quality Group AS </span><span class=\"S26B1 SC5 S2\" id=\"tl_133\">Ler\u00f8y Seafood AS </span><span class=\"S26B2 SC5 S2\" id=\"tm_133\">Norway </span><span class=\"S26B3 SC5 S2\" id=\"tn_133\">Bergen </span><span class=\"S26B4 SC5 S2\" id=\"to_133\">2006 </span><span class=\"S26B5 SC5 S2\" id=\"tp_133\">100 % </span><span class=\"S26B6 SC5 S2\" id=\"tq_133\">100 % </span><span class=\"S26B7 SC5 S2\" id=\"tr_133\">Ler\u00f8y Schlie A/S </span><span class=\"S26B8 SC5 S2\" id=\"ts_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S26B9 SC5 S2\" id=\"tt_133\">Denmark </span><span class=\"S26BA SC5 S2\" id=\"tu_133\">Hj\u00f8rring </span><span class=\"S26BB SC5 S2\" id=\"tv_133\">2021 </span><span class=\"S26BC SC5 S2\" id=\"tw_133\">100 % </span><span class=\"S26BD SC5 S2\" id=\"tx_133\">100 % </span><span class=\"S26BE SC5 S2\" id=\"ty_133\">Ler\u00f8y Seafood AB </span><span class=\"S26BF SC5 S2\" id=\"tz_133\">Ler\u00f8y Sverige AB </span><span class=\"S26C0 SC5 S2\" id=\"t10_133\">Sweden </span><span class=\"S26C1 SC5 S2\" id=\"t11_133\">Gothenburg </span><span class=\"S26C2 SC5 S2\" id=\"t12_133\">2001 </span><span class=\"S26C3 SC5 S2\" id=\"t13_133\">100 % </span><span class=\"S26C4 SC5 S2\" id=\"t14_133\">100 % </span><span class=\"S26C5 SC5 S2\" id=\"t15_133\">Ler\u00f8y Seafood AS </span><span class=\"S26C6 SC5 S2\" id=\"t16_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26C7 SC5 S2\" id=\"t17_133\">Norway </span><span class=\"S26C8 SC5 S2\" id=\"t18_133\">Bergen </span><span class=\"S26C9 SC5 S2\" id=\"t19_133\">1939 * </span><span class=\"S26CA SC5 S2\" id=\"t1a_133\">100 % </span><span class=\"S26CB SC5 S2\" id=\"t1b_133\">100 % </span><span class=\"S26CC SC5 S2\" id=\"t1c_133\">Ler\u00f8y Seafood Center B.V. </span><span class=\"S26CD SC5 S2\" id=\"t1d_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26CE SC5 S2\" id=\"t1e_133\">Netherlands </span><span class=\"S26CF SC5 S2\" id=\"t1f_133\">Urk </span><span class=\"S26D0 SC5 S2\" id=\"t1g_133\">2012 </span><span class=\"S26D1 SC5 S2\" id=\"t1h_133\">100 % </span><span class=\"S26D2 SC5 S2\" id=\"t1i_133\">100 % </span><span class=\"S26D3 SC5 S2\" id=\"t1j_133\">Ler\u00f8y Seafood Convenience B.V. </span><span class=\"S26D4 SC5 S2\" id=\"t1k_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26D5 SC5 S2\" id=\"t1l_133\">Netherlands </span><span class=\"S26D6 SC5 S2\" id=\"t1m_133\">Urk </span><span class=\"S26D7 SC5 S2\" id=\"t1n_133\">2012 </span><span class=\"S26D8 SC5 S2\" id=\"t1o_133\">100 % </span><span class=\"S26D9 SC5 S2\" id=\"t1p_133\">100 % </span><span class=\"S26DA SC5 S2\" id=\"t1q_133\">Ler\u00f8y Seafood Denmark A/S ** </span><span class=\"S26DB SC5 S2\" id=\"t1r_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26DC SC5 S2\" id=\"t1s_133\">Denmark </span><span class=\"S26DD SC5 S2\" id=\"t1t_133\">Hj\u00f8rring </span><span class=\"S26DE SC5 S2\" id=\"t1u_133\">2021 </span><span class=\"S26DF SC5 S2\" id=\"t1v_133\">78 % </span><span class=\"S26E0 SC5 S2\" id=\"t1w_133\">78 % </span><span class=\"S26E1 SC5 S2\" id=\"t1x_133\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S26E2 SC5 S2\" id=\"t1y_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26E3 SC5 S2\" id=\"t1z_133\">Netherlands </span><span class=\"S26E4 SC5 S2\" id=\"t20_133\">Urk </span><span class=\"S26E5 SC5 S2\" id=\"t21_133\">2012 </span><span class=\"S26E6 SC5 S2\" id=\"t22_133\">100 % </span><span class=\"S26E7 SC5 S2\" id=\"t23_133\">100 % </span><span class=\"S26E8 SC5 S2\" id=\"t24_133\">Ler\u00f8y Seafood Netherlands B.V. </span><span class=\"S26E9 SC5 S2\" id=\"t25_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26EA SC5 S2\" id=\"t26_133\">Netherlands </span><span class=\"S26EB SC5 S2\" id=\"t27_133\">Urk </span><span class=\"S26EC SC5 S2\" id=\"t28_133\">2012 </span><span class=\"S26ED SC5 S2\" id=\"t29_133\">100 % </span><span class=\"S26EE SC5 S2\" id=\"t2a_133\">100 % </span><span class=\"S26EF SC5 S2\" id=\"t2b_133\">Ler\u00f8y Seafood Real Estate B.V. </span><span class=\"S26F0 SC5 S2\" id=\"t2c_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26F1 SC5 S2\" id=\"t2d_133\">Netherlands </span><span class=\"S26F2 SC5 S2\" id=\"t2e_133\">Urk </span><span class=\"S26F3 SC5 S2\" id=\"t2f_133\">2012 </span><span class=\"S26F4 SC5 S2\" id=\"t2g_133\">100 % </span><span class=\"S26F5 SC5 S2\" id=\"t2h_133\">100 % </span><span class=\"S26F6 SC5 S2\" id=\"t2i_133\">Ler\u00f8y Seafood UK Ltd </span><span class=\"S26F7 SC5 S2\" id=\"t2j_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26F8 SC5 S2\" id=\"t2k_133\">England </span><span class=\"S26F9 SC5 S2\" id=\"t2l_133\">Hull </span><span class=\"S26FA SC5 S2\" id=\"t2m_133\">2022 </span><span class=\"S26FB SC5 S2\" id=\"t2n_133\">0 % </span><span class=\"S26FC SC5 S2\" id=\"t2o_133\">100 % </span><span class=\"S26FD S269C S2\" id=\"t2p_133\">3) </span><span class=\"S26FE SC5 S2\" id=\"t2q_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S26FF SC5 S2\" id=\"t2r_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S2700 SC5 S2\" id=\"t2s_133\">Norway </span><span class=\"S2701 SC5 S2\" id=\"t2t_133\">Bergen </span><span class=\"S2702 SC5 S2\" id=\"t2u_133\">2006 </span><span class=\"S2703 SC5 S2\" id=\"t2v_133\">25 % </span><span class=\"S2704 SC5 S2\" id=\"t2w_133\">25 % </span><span class=\"S2705 SC5 S2\" id=\"t2x_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2706 SC5 S2\" id=\"t2y_133\">Ler\u00f8y Delico AS </span><span class=\"S2707 SC5 S2\" id=\"t2z_133\">Norway </span><span class=\"S2708 SC5 S2\" id=\"t30_133\">Bergen </span><span class=\"S2709 SC5 S2\" id=\"t31_133\">2006 </span><span class=\"S270A SC5 S2\" id=\"t32_133\">18 % </span><span class=\"S270B SC5 S2\" id=\"t33_133\">18 % </span><span class=\"S270C SC5 S2\" id=\"t34_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S270D SC5 S2\" id=\"t35_133\">Ler\u00f8y Alfheim AS </span><span class=\"S270E SC5 S2\" id=\"t36_133\">Norway </span><span class=\"S270F SC5 S2\" id=\"t37_133\">Bergen </span><span class=\"S2710 SC5 S2\" id=\"t38_133\">2006 </span><span class=\"S2711 SC5 S2\" id=\"t39_133\">24 % </span><span class=\"S2712 SC5 S2\" id=\"t3a_133\">24 % </span><span class=\"S2713 SC5 S2\" id=\"t3b_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2714 SC5 S2\" id=\"t3c_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2715 SC5 S2\" id=\"t3d_133\">Norway </span><span class=\"S2716 SC5 S2\" id=\"t3e_133\">Bergen </span><span class=\"S2717 SC5 S2\" id=\"t3f_133\">2006 </span><span class=\"S2718 SC5 S2\" id=\"t3g_133\">8 % </span><span class=\"S2719 SC5 S2\" id=\"t3h_133\">8 % </span><span class=\"S271A SC5 S2\" id=\"t3i_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S271B SC5 S2\" id=\"t3j_133\">Ler\u00f8y Nord AS </span><span class=\"S271C SC5 S2\" id=\"t3k_133\">Norway </span><span class=\"S271D SC5 S2\" id=\"t3l_133\">Bergen </span><span class=\"S271E SC5 S2\" id=\"t3m_133\">2015 </span><span class=\"S271F SC5 S2\" id=\"t3n_133\">3 % </span><span class=\"S2720 SC5 S2\" id=\"t3o_133\">3 % </span><span class=\"S2721 SC5 S2\" id=\"t3p_133\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2722 SC5 S2\" id=\"t3q_133\">Ler\u00f8y Sverige AB </span><span class=\"S2723 SC5 S2\" id=\"t3r_133\">Sweden </span><span class=\"S2724 SC5 S2\" id=\"t3s_133\">Sm\u00f8gen </span><span class=\"S2725 SC5 S2\" id=\"t3t_133\">2002 </span><span class=\"S2726 SC5 S2\" id=\"t3u_133\">100 % </span><span class=\"S2727 SC5 S2\" id=\"t3v_133\">100 % </span><span class=\"S2728 SC5 S2\" id=\"t3w_133\">Ler\u00f8y Sverige AB </span><span class=\"S2729 SC5 S2\" id=\"t3x_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S272A SC5 S2\" id=\"t3y_133\">Sweden </span><span class=\"S272B SC5 S2\" id=\"t3z_133\">Gothenburg </span><span class=\"S272C SC5 S2\" id=\"t40_133\">2001 </span><span class=\"S272D SC5 S2\" id=\"t41_133\">100 % </span><span class=\"S272E SC5 S2\" id=\"t42_133\">100 % </span><span class=\"S272F SC5 S2\" id=\"t43_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2730 SC5 S2\" id=\"t44_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2731 SC5 S2\" id=\"t45_133\">Norway </span><span class=\"S2732 SC5 S2\" id=\"t46_133\">Trondheim </span><span class=\"S2733 SC5 S2\" id=\"t47_133\">2006 </span><span class=\"S2734 SC5 S2\" id=\"t48_133\">100 % </span><span class=\"S2735 SC5 S2\" id=\"t49_133\">0 % </span><span class=\"S2736 S269C S2\" id=\"t4a_133\">6) </span><span class=\"S2737 SC5 S2\" id=\"t4b_133\">Ler\u00f8y Turkey </span><span class=\"S2738 SC5 S2\" id=\"t4c_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2739 SC5 S2\" id=\"t4d_133\">Turkey </span><span class=\"S273A SC5 S2\" id=\"t4e_133\">Istanbul </span><span class=\"S273B SC5 S2\" id=\"t4f_133\">2015 </span><span class=\"S273C SC5 S2\" id=\"t4g_133\">100 % </span><span class=\"S273D SC5 S2\" id=\"t4h_133\">100 % </span><span class=\"S273E SC5 S2\" id=\"t4i_133\">Nigra Fiskeeksport A/S </span><span class=\"S273F SC5 S2\" id=\"t4j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2740 SC5 S2\" id=\"t4k_133\">Denmark </span><span class=\"S2741 SC5 S2\" id=\"t4l_133\">Hj\u00f8rring </span><span class=\"S2742 SC5 S2\" id=\"t4m_133\">2021 </span><span class=\"S2743 SC5 S2\" id=\"t4n_133\">100 % </span><span class=\"S2744 SC5 S2\" id=\"t4o_133\">100 % </span><span class=\"S2745 SC5 S2\" id=\"t4p_133\">Ove Johnsen.Fisk en gros ApS </span><span class=\"S2746 SC5 S2\" id=\"t4q_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2747 SC5 S2\" id=\"t4r_133\">Denmark </span><span class=\"S2748 SC5 S2\" id=\"t4s_133\">K\u00f8benhavn </span><span class=\"S2749 SC5 S2\" id=\"t4t_133\">2021 </span><span class=\"S274A SC5 S2\" id=\"t4u_133\">100 % </span><span class=\"S274B SC5 S2\" id=\"t4v_133\">100 % </span><span class=\"S274C SC5 S2\" id=\"t4w_133\">P. Taabbel &amp; Co A/S </span><span class=\"S274D SC5 S2\" id=\"t4x_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S274E SC5 S2\" id=\"t4y_133\">Denmark </span><span class=\"S274F SC5 S2\" id=\"t4z_133\">Thisted </span><span class=\"S2750 SC5 S2\" id=\"t50_133\">2021 </span><span class=\"S2751 SC5 S2\" id=\"t51_133\">100 % </span><span class=\"S2752 SC5 S2\" id=\"t52_133\">100 % </span><span class=\"S2753 SC5 S2\" id=\"t53_133\">SAS Eurosalmon </span><span class=\"S2754 SC5 S2\" id=\"t54_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2755 SC5 S2\" id=\"t55_133\">France </span><span class=\"S2756 SC5 S2\" id=\"t56_133\">Saint Jean </span><span class=\"S2757 SC5 S2\" id=\"t57_133\">d\u2019Ardi\u00e8res </span><span class=\"S2758 SC5 S2\" id=\"t58_133\">2008 </span><span class=\"S2759 SC5 S2\" id=\"t59_133\">100 % </span><span class=\"S275A SC5 S2\" id=\"t5a_133\">100 % </span><span class=\"S275B SC5 S2\" id=\"t5b_133\">SAS Fishcut </span><span class=\"S275C SC5 S2\" id=\"t5c_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S275D SC5 S2\" id=\"t5d_133\">France </span><span class=\"S275E SC5 S2\" id=\"t5e_133\">Saint Laurent </span><span class=\"S275F SC5 S2\" id=\"t5f_133\">Blangy </span><span class=\"S2760 SC5 S2\" id=\"t5g_133\">2008 </span><span class=\"S2761 SC5 S2\" id=\"t5h_133\">100 % </span><span class=\"S2762 SC5 S2\" id=\"t5i_133\">100 % </span><span class=\"S2763 SC5 S2\" id=\"t5j_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2764 SC5 S2\" id=\"t5k_133\">Ler\u00f8y Seafood AS </span><span class=\"S2765 SC5 S2\" id=\"t5l_133\">France </span><span class=\"S2766 SC5 S2\" id=\"t5m_133\">Boulogne </span><span class=\"S2767 SC5 S2\" id=\"t5n_133\">2008 </span><span class=\"S2768 SC5 S2\" id=\"t5o_133\">100 % </span><span class=\"S2769 SC5 S2\" id=\"t5p_133\">100 % </span><span class=\"S276A SC5 S2\" id=\"t5q_133\">Scan Fish Danmark A/S </span><span class=\"S276B SC5 S2\" id=\"t5r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S276C SC5 S2\" id=\"t5s_133\">Denmark </span><span class=\"S276D SC5 S2\" id=\"t5t_133\">Thisted </span><span class=\"S276E SC5 S2\" id=\"t5u_133\">2021 </span><span class=\"S276F SC5 S2\" id=\"t5v_133\">100 % </span><span class=\"S2770 SC5 S2\" id=\"t5w_133\">100 % </span><span class=\"S2771 SC5 S2\" id=\"t5x_133\">Sirevaag AS </span><span class=\"S2772 SC5 S2\" id=\"t5y_133\">Ler\u00f8y Delico AS </span><span class=\"S2773 SC5 S2\" id=\"t5z_133\">Norway </span><span class=\"S2774 SC5 S2\" id=\"t60_133\">H\u00e5 </span><span class=\"S2775 SC5 S2\" id=\"t61_133\">2006 </span><span class=\"S2776 SC5 S2\" id=\"t62_133\">100 % </span><span class=\"S2777 SC5 S2\" id=\"t63_133\">100 % </span><span class=\"S2778 SC5 S2\" id=\"t64_133\">Sj\u00f8mathuset AS </span><span class=\"S2779 SC5 S2\" id=\"t65_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S277A SC5 S2\" id=\"t66_133\">Norway </span><span class=\"S277B SC5 S2\" id=\"t67_133\">Oslo </span><span class=\"S277C SC5 S2\" id=\"t68_133\">2006 </span><span class=\"S277D SC5 S2\" id=\"t69_133\">100 % </span><span class=\"S277E SC5 S2\" id=\"t6a_133\">100 % </span><span class=\"S277F SC5 S2\" id=\"t6b_133\">Thor\ufb01sk A/S </span><span class=\"S2780 SC5 S2\" id=\"t6c_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2781 SC5 S2\" id=\"t6d_133\">Denmark </span><span class=\"S2782 SC5 S2\" id=\"t6e_133\">Norddjurs </span><span class=\"S2783 SC5 S2\" id=\"t6f_133\">2021 </span><span class=\"S2784 SC5 S2\" id=\"t6g_133\">100 % </span><span class=\"S2785 SC5 S2\" id=\"t6h_133\">100 % </span><span class=\"S2786 SC5 S2\" id=\"t6i_133\">Wannebo International AS </span><span class=\"S2787 SC5 S2\" id=\"t6j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2788 SC5 S2\" id=\"t6k_133\">Norway </span><span class=\"S2789 SC5 S2\" id=\"t6l_133\">Hj\u00f8rring </span><span class=\"S278A SC5 S2\" id=\"t6m_133\">2021 </span><span class=\"S278B SC5 S2\" id=\"t6n_133\">100 % </span><span class=\"S278C SC5 S2\" id=\"t6o_133\">100 % </span><span class=\"S278D SC4 S2\" id=\"t6p_133\">Not allocated </span><span class=\"S278E SC5 S2\" id=\"t6q_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S278F SAF1 S2\" id=\"t6r_133\">See note on shareholder information </span><span class=\"S2790 SC5 S2\" id=\"t6s_133\">Bergen </span><span class=\"S2791 SC5 S2\" id=\"t6t_133\">1995 </span><span class=\"S2792 SC5 S2\" id=\"t6u_133\">Preline Fishfarming Sys. AS </span><span class=\"S2793 SC5 S2\" id=\"t6v_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2794 SC5 S2\" id=\"t6w_133\">Norway </span><span class=\"S2795 SC5 S2\" id=\"t6x_133\">Bergen </span><span class=\"S2796 SC5 S2\" id=\"t6y_133\">2015 </span><span class=\"S2797 SC5 S2\" id=\"t6z_133\">96 % </span><span class=\"S2798 SC5 S2\" id=\"t70_133\">96 % </span><span class=\"S2799 SC4 S2\" id=\"t71_133\">Comments on changes </span><span class=\"S279A SC5 S2\" id=\"t72_133\">1) </span><span class=\"S279B SC5 S2\" id=\"t73_133\">Transactions with non-controlling interests </span><span class=\"S279C SC5 S2\" id=\"t74_133\">2) </span><span class=\"S279D SC5 S2\" id=\"t75_133\">Change in owership within the group </span><span class=\"S279E SC5 S2\" id=\"t76_133\">3) </span><span class=\"S279F SC5 S2\" id=\"t77_133\">Foundation of new company </span><span class=\"S27A0 SC5 S2\" id=\"t78_133\">4) </span><span class=\"S27A1 SC5 S2\" id=\"t79_133\">Business combination - Change from associated company to subsidiary </span><span class=\"S27A2 SC5 S2\" id=\"t7a_133\">5) </span><span class=\"S27A3 SC5 S2\" id=\"t7b_133\">Business combination - New company acquired </span><span class=\"S27A4 SC5 S2\" id=\"t7c_133\">6) </span><span class=\"S27A5 SC5 S2\" id=\"t7d_133\">Parent\u2013subsidiary merger </span><span class=\"S27A6 SC5 S2\" id=\"t7e_133\">7) </span><span class=\"S27A7 SC5 S2\" id=\"t7f_133\">Sale of company </span><span class=\"S27A8 SC5 S2\" id=\"t7g_133\">8) </span><span class=\"S27A9 SC5 S2\" id=\"t7h_133\">Liquidation of company </span><span class=\"S27AA SC5 S2\" id=\"t7i_133\">* Foundation date. The companies were part of \u00abthe old Ler\u00f8y group\u00bb before Ler\u00f8y Seafood Group ASA was founded in 1995 </span><span class=\"S27AB SC5 S2\" id=\"t7j_133\">** The company has changed its name this year. See below for details. </span><span class=\"S27AC SC4 S2\" id=\"t7k_133\">Overview of companies that have changed their names in 2022 </span><span class=\"S27AD SAF1 S2\" id=\"t7l_133\">New name </span><span class=\"S27AE SAF1 S2\" id=\"t7m_133\">Old name </span><span class=\"S27AF SAF1 S2\" id=\"t7n_133\">Country </span><span class=\"S27B0 SC5 S2\" id=\"t7o_133\">Ler\u00f8y Norge AS </span><span class=\"S27B1 SC5 S2\" id=\"t7p_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S27B2 SC5 S2\" id=\"t7q_133\">Norway </span><span class=\"S27B3 SC5 S2\" id=\"t7r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S27B4 SC5 S2\" id=\"t7s_133\">Seafood Danmark A/S </span><span class=\"S27B5 SC5 S2\" id=\"t7t_133\">Denmark </span><span class=\"S27B7 SC4 S2\" id=\"t1_134\">Segments </span><span class=\"S27B8 SC5 S2\" id=\"t2_134\">The Group has the following segments: </span><span class=\"S27B9 SC5 S2\" id=\"t3_134\">(1) Wild catch </span><span class=\"S27BA SC5 S2\" id=\"t4_134\">(2) Farming </span><span class=\"S27BB SC5 S2\" id=\"t5_134\">(3) Value-added processing (VAP), sales and distribution (VAPSD) </span><span class=\"S27BC SC5 S2\" id=\"t6_134\">Ler\u00f8y Seafood Group ASA and Preline Fishfarming System AS are not allocated to any of these segments, and are included in the elimination </span><span class=\"S27BD SC5 S2\" id=\"t7_134\">segment. Farming is divided into three individual regions: </span><span class=\"S27BE SC5 S2\" id=\"t8_134\">(A) North (Ler\u00f8y Aurora AS and Ler\u00f8y Aurora 2 AS) </span><span class=\"S27BF SC5 S2\" id=\"t9_134\">(B) Central (Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS) </span><span class=\"S27C0 SC5 S2\" id=\"ta_134\">(C) West (Ler\u00f8y Vest AS, Ler\u00f8y Vest 2 AS, Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk 2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y \u00c5rskog AS, Ler\u00f8y Ocean </span><span class=\"S27C1 SC5 S2\" id=\"tb_134\">Harvest AS and Norsk Oppdrettsservice AS). Region West are also referred to as \"Ler\u00f8y Sj\u00f8troll\". </span><span class=\"S27C2 SC5 S2\" id=\"tc_134\">Further details regarding the different companies in the groups, allocation to segment and level of aggregation are presented in note on </span><span class=\"S27C3 SC5 S2\" id=\"td_134\">consolidated companies. The aggregation level for reporting by region is described in the note on accounting principles. </span><span class=\"S27C4 SC4 S2\" id=\"te_134\">Operating revenue </span><span class=\"S194B SC4 S2\" id=\"tf_134\">2022 </span><span class=\"S194C SC4 S2\" id=\"tg_134\">2021 </span><span class=\"S27C5 SC5 S2\" id=\"th_134\">Sale of goods and services </span><span class=\"S27C6 SC5 S2\" id=\"ti_134\">26 640 669 </span><span class=\"S27C7 SC5 S2\" id=\"tj_134\">23 071 652 </span><span class=\"S27C8 SC5 S2\" id=\"tk_134\">Lease income </span><span class=\"S27C9 SC5 S2\" id=\"tl_134\">253 </span><span class=\"S27CA SC5 S2\" id=\"tm_134\">1 416 </span><span class=\"S27CB SC5 S2\" id=\"tn_134\">Damages received </span><span class=\"S27CC SC5 S2\" id=\"to_134\">61 </span><span class=\"S27CD SC5 S2\" id=\"tp_134\">102 </span><span class=\"S27CE SC5 S2\" id=\"tq_134\">Other operating revenue </span><span class=\"S27CF SC5 S2\" id=\"tr_134\">4 894 </span><span class=\"S27D0 SC5 S2\" id=\"ts_134\">110 </span><span class=\"S27D1 SC4 S2\" id=\"tt_134\">Total </span><span class=\"S27D2 SC4 S2\" id=\"tu_134\">26 645 877 </span><span class=\"S27D3 SC4 S2\" id=\"tv_134\">23 073 280 </span><span class=\"S27D4 SC4 S2\" id=\"tw_134\">Other gains and losses </span><span class=\"S27D5 SC4 S2\" id=\"tx_134\">2022 </span><span class=\"S27D6 SC4 S2\" id=\"ty_134\">2021 </span><span class=\"S27D7 SC5 S2\" id=\"tz_134\">Gain(+)/loss(-) from disposal of \ufb01xed assets </span><span class=\"S27D8 SC5 S2\" id=\"t10_134\">5 697 </span><span class=\"S27D9 SC5 S2\" id=\"t11_134\">26 467 </span><span class=\"S27DA SC5 S2\" id=\"t12_134\">Gain(+)/loss(-) from termination of leases (disposal RoU-assets) </span><span class=\"S27DB SC5 S2\" id=\"t13_134\">850 </span><span class=\"S27DC SC5 S2\" id=\"t14_134\">2 361 </span><span class=\"S27DD SC5 S2\" id=\"t15_134\">Gain(+)/loss(-) from disposal of intangibles </span><span class=\"S27DE SC5 S2\" id=\"t16_134\">0 </span><span class=\"S27DF SC5 S2\" id=\"t17_134\">-5 189 </span><span class=\"S27E0 SC5 S2\" id=\"t18_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27E1 SC5 S2\" id=\"t19_134\">0 </span><span class=\"S27E2 SC5 S2\" id=\"t1a_134\">39 175 </span><span class=\"S27E3 SC5 S2\" id=\"t1b_134\">Gain(+)/loss(-) from disposal of other non-current \ufb01nancial assets </span><span class=\"S27E4 SC5 S2\" id=\"t1c_134\">-167 </span><span class=\"S27E5 SC5 S2\" id=\"t1d_134\">0 </span><span class=\"S27E6 SC4 S2\" id=\"t1e_134\">Total </span><span class=\"S27E7 SC4 S2\" id=\"t1f_134\">6 380 </span><span class=\"S27E8 SC4 S2\" id=\"t1g_134\">62 814 </span><span class=\"S27E9 SC4 S2\" id=\"t1h_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27EA SC4 S2\" id=\"t1i_134\">2022 </span><span class=\"S27EB SC4 S2\" id=\"t1j_134\">2021 </span><span class=\"S27EC SC5 S2\" id=\"t1k_134\">Gain(+)/loss(-) from disposal of shares in associated companies </span><span class=\"S27ED SC5 S2\" id=\"t1l_134\">0 </span><span class=\"S27EE SC5 S2\" id=\"t1m_134\">-61 </span><span class=\"S27EF SC5 S2\" id=\"t1n_134\">Gain from re-measurement related to business combination </span><span class=\"S27F0 SC5 S2\" id=\"t1o_134\">0 </span><span class=\"S27F1 SC5 S2\" id=\"t1p_134\">32 063 </span><span class=\"S27F2 SC5 S2\" id=\"t1q_134\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S27F3 SC5 S2\" id=\"t1r_134\">0 </span><span class=\"S27F4 SC5 S2\" id=\"t1s_134\">7 173 </span><span class=\"S27F5 SC4 S2\" id=\"t1t_134\">Total </span><span class=\"S27F6 SC4 S2\" id=\"t1u_134\">0 </span><span class=\"S27F7 SC4 S2\" id=\"t1v_134\">39 175 </span><span class=\"S27F8 SAF1 S2\" id=\"t1w_134\">The gain is mainly concerning the step-by-step business combination with the previous associated company Seafood Danmark A/S </span><span class=\"S2381 S18EC S2\" id=\"t24_134\">NOTE 5 </span><span class=\"S27F9 S18EC S2\" id=\"t25_134\">Operating revenues and segment information </span><span class=\"S27FA SC4 S2\" id=\"t1_135\">2021 </span><span class=\"S27FB SC4 S2\" id=\"t2_135\">Wild catch </span><span class=\"S27FC SC4 S2\" id=\"t3_135\">Farming </span><span class=\"S27FD SC4 S2\" id=\"t4_135\">VAPSD </span><span class=\"S27FE SC4 S2\" id=\"t5_135\">Elimination/ </span><span class=\"S27FF SC4 S2\" id=\"t6_135\">unallocated </span><span class=\"S2800 SC4 S2\" id=\"t7_135\">Total </span><span class=\"S2801 SC5 S2\" id=\"t8_135\">External operating revenue </span><span class=\"S2802 SC5 S2\" id=\"t9_135\">902 691 </span><span class=\"S2803 SC5 S2\" id=\"ta_135\">323 337 </span><span class=\"S2804 SC5 S2\" id=\"tb_135\">21 847 251 </span><span class=\"S2805 SC5 S2\" id=\"tc_135\">0 </span><span class=\"S2806 SC5 S2\" id=\"td_135\">23 073 280 </span><span class=\"S2807 SC5 S2\" id=\"te_135\">Internal operating revenue </span><span class=\"S2808 SC5 S2\" id=\"tf_135\">1 792 444 </span><span class=\"S2809 SC5 S2\" id=\"tg_135\">10 180 062 </span><span class=\"S280A SC5 S2\" id=\"th_135\">124 987 </span><span class=\"S280B SC5 S2\" id=\"ti_135\">-12 097 493 </span><span class=\"S280C SC5 S2\" id=\"tj_135\">0 </span><span class=\"S280D SC4 S2\" id=\"tk_135\">Total operating revenue </span><span class=\"S280E SC4 S2\" id=\"tl_135\">2 695 135 </span><span class=\"S280F SC4 S2\" id=\"tm_135\">10 503 400 </span><span class=\"S2810 SC4 S2\" id=\"tn_135\">21 972 238 </span><span class=\"S2811 SC4 S2\" id=\"to_135\">-12 097 493 </span><span class=\"S2812 SC4 S2\" id=\"tp_135\">23 073 280 </span><span class=\"S2813 SC5 S2\" id=\"tq_135\">Other gains and losses </span><span class=\"S2814 SC5 S2\" id=\"tr_135\">2 451 </span><span class=\"S2815 SC5 S2\" id=\"ts_135\">7 209 </span><span class=\"S2816 SC5 S2\" id=\"tt_135\">53 155 </span><span class=\"S2817 SC5 S2\" id=\"tu_135\">62 814 </span><span class=\"S2818 SC5 S2\" id=\"tv_135\">Operating expenses </span><span class=\"S2819 SC5 S2\" id=\"tw_135\">2 357 691 </span><span class=\"S281A SC5 S2\" id=\"tx_135\">8 742 880 </span><span class=\"S281B SC5 S2\" id=\"ty_135\">21 395 379 </span><span class=\"S281C SC5 S2\" id=\"tz_135\">-11 878 639 </span><span class=\"S281D SC5 S2\" id=\"t10_135\">20 617 311 </span><span class=\"S281E SC4 S2\" id=\"t11_135\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S281F SC4 S2\" id=\"t12_135\">339 895 </span><span class=\"S2820 SC4 S2\" id=\"t13_135\">1 767 729 </span><span class=\"S2821 SC4 S2\" id=\"t14_135\">630 014 </span><span class=\"S2822 SC4 S2\" id=\"t15_135\">-218 854 </span><span class=\"S2823 SC4 S2\" id=\"t16_135\">2 518 783 </span><span class=\"S2824 SC5 S2\" id=\"t17_135\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S2825 SC5 S2\" id=\"t18_135\">1 131 092 </span><span class=\"S2826 SC5 S2\" id=\"t19_135\">1 131 092 </span><span class=\"S2827 SC5 S2\" id=\"t1a_135\">Change in fair value of loss-making contracts </span><span class=\"S2828 SC5 S2\" id=\"t1b_135\">-44 226 </span><span class=\"S2829 SC5 S2\" id=\"t1c_135\">-44 226 </span><span class=\"S282A SC5 S2\" id=\"t1d_135\">Change in fair value of Fish Pool contracts </span><span class=\"S282B SC5 S2\" id=\"t1e_135\">-1 561 </span><span class=\"S282C SC5 S2\" id=\"t1f_135\">-1 561 </span><span class=\"S282D SC5 S2\" id=\"t1g_135\">Total fair value adjustments related to biological assets </span><span class=\"S282E SC5 S2\" id=\"t1h_135\">0 </span><span class=\"S282F SC5 S2\" id=\"t1i_135\">1 086 866 </span><span class=\"S2830 SC5 S2\" id=\"t1j_135\">-1 561 </span><span class=\"S2831 SC5 S2\" id=\"t1k_135\">0 </span><span class=\"S2832 SC5 S2\" id=\"t1l_135\">1 085 304 </span><span class=\"S2833 SC4 S2\" id=\"t1m_135\">Operating pro\ufb01t </span><span class=\"S2834 SC4 S2\" id=\"t1n_135\">339 895 </span><span class=\"S2835 SC4 S2\" id=\"t1o_135\">2 854 594 </span><span class=\"S2836 SC4 S2\" id=\"t1p_135\">628 453 </span><span class=\"S2837 SC4 S2\" id=\"t1q_135\">-218 854 </span><span class=\"S2838 SC4 S2\" id=\"t1r_135\">3 604 087 </span><span class=\"S2839 SC5 S2\" id=\"t1s_135\">Pro\ufb01t from associates </span><span class=\"S283A SC5 S2\" id=\"t1t_135\">-484 </span><span class=\"S283B SC5 S2\" id=\"t1u_135\">113 906 </span><span class=\"S283C SC5 S2\" id=\"t1v_135\">8 081 </span><span class=\"S283D SC5 S2\" id=\"t1w_135\">121 503 </span><span class=\"S283E SC5 S2\" id=\"t1x_135\">Net \ufb01nancial items </span><span class=\"S283F SC5 S2\" id=\"t1y_135\">-40 599 </span><span class=\"S2840 SC5 S2\" id=\"t1z_135\">-135 511 </span><span class=\"S2841 SC5 S2\" id=\"t20_135\">5 155 </span><span class=\"S2842 SC5 S2\" id=\"t21_135\">-22 970 </span><span class=\"S2843 SC5 S2\" id=\"t22_135\">-193 925 </span><span class=\"S2844 SC4 S2\" id=\"t23_135\">Pro\ufb01t before tax </span><span class=\"S2845 SC4 S2\" id=\"t24_135\">298 811 </span><span class=\"S2846 SC4 S2\" id=\"t25_135\">2 832 989 </span><span class=\"S2847 SC4 S2\" id=\"t26_135\">641 689 </span><span class=\"S2848 SC4 S2\" id=\"t27_135\">-241 824 </span><span class=\"S2849 SC4 S2\" id=\"t28_135\">3 531 665 </span><span class=\"S284A SC5 S2\" id=\"t29_135\">Tax cost </span><span class=\"S284B SC5 S2\" id=\"t2a_135\">-750 569 </span><span class=\"S284C SC4 S2\" id=\"t2b_135\">The year's result </span><span class=\"S284D SC4 S2\" id=\"t2c_135\">2 781 096 </span><span class=\"S284E SC5 S2\" id=\"t2d_135\">Operating margin before fair value adjustments </span><span class=\"S284F SC5 S2\" id=\"t2e_135\">12.6 % </span><span class=\"S2850 SC5 S2\" id=\"t2f_135\">16.8 % </span><span class=\"S2851 SC5 S2\" id=\"t2g_135\">2.9 % </span><span class=\"S2852 SC5 S2\" id=\"t2h_135\">1.8 % </span><span class=\"S2853 SC5 S2\" id=\"t2i_135\">10.9 % </span><span class=\"S2854 SC5 S2\" id=\"t2j_135\">Catch volume (HOG) in tonnes </span><span class=\"S2855 SC5 S2\" id=\"t2k_135\">71 521 </span><span class=\"S2856 SC5 S2\" id=\"t2l_135\">71 521 </span><span class=\"S2857 SC5 S2\" id=\"t2m_135\">Harvest volume salmon and trout (GWT) </span><span class=\"S2858 SC5 S2\" id=\"t2n_135\">186 635 </span><span class=\"S2859 SC5 S2\" id=\"t2o_135\">186 635 </span><span class=\"S285A SC5 S2\" id=\"t2p_135\">EBIT */kg harvested salmon and trout </span><span class=\"S285B SC5 S2\" id=\"t2q_135\">1.8 </span><span class=\"S285C SC5 S2\" id=\"t2r_135\">9.5 </span><span class=\"S285D SC5 S2\" id=\"t2s_135\">3.4 </span><span class=\"S285E SC5 S2\" id=\"t2t_135\">-1.2 </span><span class=\"S285F SC5 S2\" id=\"t2u_135\">13.5 </span><span class=\"S2860 SC5 S2\" id=\"t2v_135\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2861 SC5 S2\" id=\"t2w_135\">4.8 </span><span class=\"S2862 SC5 S2\" id=\"t2x_135\">-0.1 </span><span class=\"S2863 SC5 S2\" id=\"t2y_135\">4.7 </span><span class=\"S2864 SC5 S2\" id=\"t2z_135\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2865 SC5 S2\" id=\"t30_135\">9.5 </span><span class=\"S2866 SC5 S2\" id=\"t31_135\">3.4 </span><span class=\"S2867 SC5 S2\" id=\"t32_135\">-1.2 </span><span class=\"S2868 SC5 S2\" id=\"t33_135\">11.7 </span><span class=\"S2869 SC5 S2\" id=\"t34_135\">Assets excluding associates </span><span class=\"S286A SC5 S2\" id=\"t35_135\">6 359 641 </span><span class=\"S286B SC5 S2\" id=\"t36_135\">18 681 233 </span><span class=\"S286C SC5 S2\" id=\"t37_135\">6 158 809 </span><span class=\"S286D SC5 S2\" id=\"t38_135\">1 645 953 </span><span class=\"S286E SC5 S2\" id=\"t39_135\">32 845 636 </span><span class=\"S286F SC5 S2\" id=\"t3a_135\">Associates </span><span class=\"S2870 SC5 S2\" id=\"t3b_135\">21 683 </span><span class=\"S2871 SC5 S2\" id=\"t3c_135\">1 324 848 </span><span class=\"S2872 SC5 S2\" id=\"t3d_135\">1 542 </span><span class=\"S2873 SC5 S2\" id=\"t3e_135\">0 </span><span class=\"S2874 SC5 S2\" id=\"t3f_135\">1 348 072 </span><span class=\"S2875 SC4 S2\" id=\"t3g_135\">Total assets </span><span class=\"S2876 SC4 S2\" id=\"t3h_135\">6 381 324 </span><span class=\"S2877 SC4 S2\" id=\"t3i_135\">20 006 081 </span><span class=\"S2878 SC4 S2\" id=\"t3j_135\">6 160 350 </span><span class=\"S2879 SC4 S2\" id=\"t3k_135\">1 645 953 </span><span class=\"S287A SC4 S2\" id=\"t3l_135\">34 193 708 </span><span class=\"S287B SC4 S2\" id=\"t3m_135\">Total liabilities </span><span class=\"S287C SC4 S2\" id=\"t3n_135\">2 894 711 </span><span class=\"S287D SC4 S2\" id=\"t3o_135\">8 686 147 </span><span class=\"S287E SC4 S2\" id=\"t3p_135\">3 504 667 </span><span class=\"S287F SC4 S2\" id=\"t3q_135\">-214 920 </span><span class=\"S2880 SC4 S2\" id=\"t3r_135\">14 870 605 </span><span class=\"S2881 SC4 S2\" id=\"t3s_135\">NIBD </span><span class=\"S2882 SC4 S2\" id=\"t3t_135\">1 023 777 </span><span class=\"S2883 SC4 S2\" id=\"t3u_135\">3 500 347 </span><span class=\"S2884 SC4 S2\" id=\"t3v_135\">-90 121 </span><span class=\"S2885 SC4 S2\" id=\"t3w_135\">-1 136 517 </span><span class=\"S2886 SC4 S2\" id=\"t3x_135\">3 297 487 </span><span class=\"S2887 SC4 S2\" id=\"t3y_135\">Net investments in intangibles and \ufb01xed assets *** </span><span class=\"S2888 SC4 S2\" id=\"t3z_135\">123 691 </span><span class=\"S2889 SC4 S2\" id=\"t40_135\">945 751 </span><span class=\"S288A SC4 S2\" id=\"t41_135\">111 833 </span><span class=\"S288B SC4 S2\" id=\"t42_135\">1 162 </span><span class=\"S288C SC4 S2\" id=\"t43_135\">1 182 438 </span><span class=\"S288D SC5 S2\" id=\"t44_135\">Depreciations on intangibles </span><span class=\"S288E SC5 S2\" id=\"t45_135\">28 400 </span><span class=\"S288F SC5 S2\" id=\"t46_135\">635 </span><span class=\"S2890 SC5 S2\" id=\"t47_135\">3 879 </span><span class=\"S2891 SC5 S2\" id=\"t48_135\">0 </span><span class=\"S2892 SC5 S2\" id=\"t49_135\">32 914 </span><span class=\"S2893 SC5 S2\" id=\"t4a_135\">Depreciation on right of use assets from credit institutions </span><span class=\"S2894 SC5 S2\" id=\"t4b_135\">12 770 </span><span class=\"S2895 SC5 S2\" id=\"t4c_135\">192 964 </span><span class=\"S2896 SC5 S2\" id=\"t4d_135\">25 380 </span><span class=\"S2897 SC5 S2\" id=\"t4e_135\">52 </span><span class=\"S2898 SC5 S2\" id=\"t4f_135\">231 167 </span><span class=\"S2899 SC5 S2\" id=\"t4g_135\">Depreciation on \ufb01xed assets </span><span class=\"S289A SC5 S2\" id=\"t4h_135\">159 346 </span><span class=\"S289B SC5 S2\" id=\"t4i_135\">442 982 </span><span class=\"S289C SC5 S2\" id=\"t4j_135\">109 370 </span><span class=\"S289D SC5 S2\" id=\"t4k_135\">2 028 </span><span class=\"S289E SC5 S2\" id=\"t4l_135\">713 726 </span><span class=\"S289F SC4 S2\" id=\"t4m_135\">Total depreciations exclusive RoU assets from others </span><span class=\"S28A0 SC4 S2\" id=\"t4n_135\">200 516 </span><span class=\"S28A1 SC4 S2\" id=\"t4o_135\">636 582 </span><span class=\"S28A2 SC4 S2\" id=\"t4p_135\">138 629 </span><span class=\"S28A3 SC4 S2\" id=\"t4q_135\">2 080 </span><span class=\"S28A4 SC4 S2\" id=\"t4r_135\">977 807 </span><span class=\"S28A5 SC5 S2\" id=\"t4s_135\">Depreciation on right of use assets from others </span><span class=\"S28A6 SC5 S2\" id=\"t4t_135\">3 381 </span><span class=\"S28A7 SC5 S2\" id=\"t4u_135\">238 565 </span><span class=\"S28A8 SC5 S2\" id=\"t4v_135\">24 636 </span><span class=\"S28A9 SC5 S2\" id=\"t4w_135\">7 944 </span><span class=\"S28AA SC5 S2\" id=\"t4x_135\">274 527 </span><span class=\"S28AB SC4 S2\" id=\"t4y_135\">Total depreciation </span><span class=\"S28AC SC4 S2\" id=\"t4z_135\">203 897 </span><span class=\"S28AD SC4 S2\" id=\"t50_135\">875 147 </span><span class=\"S28AE SC4 S2\" id=\"t51_135\">163 265 </span><span class=\"S28AF SC4 S2\" id=\"t52_135\">10 024 </span><span class=\"S28B0 SC4 S2\" id=\"t53_135\">1 252 334 </span><span class=\"S28B1 SC5 S2\" id=\"t54_135\">Impairment loss on \ufb01xed assets </span><span class=\"S28B2 SC5 S2\" id=\"t55_135\">6 400 </span><span class=\"S28B3 SC5 S2\" id=\"t56_135\">6 400 </span><span class=\"S28B4 SC4 S2\" id=\"t57_135\">Total impairment loss </span><span class=\"S28B5 SC4 S2\" id=\"t58_135\">0 </span><span class=\"S28B6 SC4 S2\" id=\"t59_135\">0 </span><span class=\"S28B7 SC4 S2\" id=\"t5a_135\">6 400 </span><span class=\"S28B8 SC4 S2\" id=\"t5b_135\">0 </span><span class=\"S28B9 SC4 S2\" id=\"t5c_135\">6 400 </span><span class=\"S28BB SC4 S2\" id=\"t1_136\">2022 </span><span class=\"S28BC SC4 S2\" id=\"t2_136\">Wild catch </span><span class=\"S28BD SC4 S2\" id=\"t3_136\">Farming </span><span class=\"S28BE SC4 S2\" id=\"t4_136\">VAPSD </span><span class=\"S28BF SC4 S2\" id=\"t5_136\">Elimination/ </span><span class=\"S28C0 SC4 S2\" id=\"t6_136\">unallocated </span><span class=\"S28C1 SC4 S2\" id=\"t7_136\">Total </span><span class=\"S28C2 SC5 S2\" id=\"t8_136\">External operating revenue </span><span class=\"S28C3 SC5 S2\" id=\"t9_136\">1 135 078 </span><span class=\"S28C4 SC5 S2\" id=\"ta_136\">247 973 </span><span class=\"S28C5 SC5 S2\" id=\"tb_136\">25 262 326 </span><span class=\"S28C6 SC5 S2\" id=\"tc_136\">500 </span><span class=\"S28C7 SC5 S2\" id=\"td_136\">26 645 877 </span><span class=\"S28C8 SC5 S2\" id=\"te_136\">Internal operating revenue </span><span class=\"S28C9 SC5 S2\" id=\"tf_136\">1 981 425 </span><span class=\"S28CA SC5 S2\" id=\"tg_136\">12 196 140 </span><span class=\"S28CB SC5 S2\" id=\"th_136\">241 263 </span><span class=\"S28CC SC5 S2\" id=\"ti_136\">-14 418 829 </span><span class=\"S28CD SC5 S2\" id=\"tj_136\">0 </span><span class=\"S28CE SC4 S2\" id=\"tk_136\">Total operating revenue </span><span class=\"S28CF SC4 S2\" id=\"tl_136\">3 116 503 </span><span class=\"S28D0 SC4 S2\" id=\"tm_136\">12 444 113 </span><span class=\"S28D1 SC4 S2\" id=\"tn_136\">25 503 590 </span><span class=\"S28D2 SC4 S2\" id=\"to_136\">-14 418 329 </span><span class=\"S28D3 SC4 S2\" id=\"tp_136\">26 645 877 </span><span class=\"S28D4 SC5 S2\" id=\"tq_136\">Other gains and losses </span><span class=\"S28D5 SC5 S2\" id=\"tr_136\">-3 214 </span><span class=\"S28D6 SC5 S2\" id=\"ts_136\">7 764 </span><span class=\"S28D7 SC5 S2\" id=\"tt_136\">2 112 </span><span class=\"S28D8 SC5 S2\" id=\"tu_136\">-281 </span><span class=\"S28D9 SC5 S2\" id=\"tv_136\">6 380 </span><span class=\"S28DA SC5 S2\" id=\"tw_136\">Operating expenses </span><span class=\"S28DB SC5 S2\" id=\"tx_136\">2 765 621 </span><span class=\"S28DC SC5 S2\" id=\"ty_136\">9 306 761 </span><span class=\"S28DD SC5 S2\" id=\"tz_136\">25 350 175 </span><span class=\"S28DE SC5 S2\" id=\"t10_136\">-13 965 178 </span><span class=\"S28DF SC5 S2\" id=\"t11_136\">23 457 378 </span><span class=\"S28E0 SC4 S2\" id=\"t12_136\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S28E1 SC4 S2\" id=\"t13_136\">347 667 </span><span class=\"S28E2 SC4 S2\" id=\"t14_136\">3 145 116 </span><span class=\"S28E3 SC4 S2\" id=\"t15_136\">155 527 </span><span class=\"S28E4 SC4 S2\" id=\"t16_136\">-453 431 </span><span class=\"S28E5 SC4 S2\" id=\"t17_136\">3 194 879 </span><span class=\"S28E6 SC5 S2\" id=\"t18_136\">Change in fair value adjustment of \ufb01sh in sea </span><span class=\"S28E7 SC5 S2\" id=\"t19_136\">1 057 507 </span><span class=\"S28E8 SC5 S2\" id=\"t1a_136\">1 057 507 </span><span class=\"S28E9 SC5 S2\" id=\"t1b_136\">Change in fair value of loss-making contracts </span><span class=\"S28EA SC5 S2\" id=\"t1c_136\">30 659 </span><span class=\"S28EB SC5 S2\" id=\"t1d_136\">30 659 </span><span class=\"S28EC SC5 S2\" id=\"t1e_136\">Change in fair value of Fish Pool contracts </span><span class=\"S28ED SC5 S2\" id=\"t1f_136\">0 </span><span class=\"S28EE SC5 S2\" id=\"t1g_136\">Total fair value adjustments related to biological assets </span><span class=\"S28EF SC5 S2\" id=\"t1h_136\">0 </span><span class=\"S28F0 SC5 S2\" id=\"t1i_136\">1 088 166 </span><span class=\"S28F1 SC5 S2\" id=\"t1j_136\">0 </span><span class=\"S28F2 SC5 S2\" id=\"t1k_136\">0 </span><span class=\"S28F3 SC5 S2\" id=\"t1l_136\">1 088 166 </span><span class=\"S28F4 SC4 S2\" id=\"t1m_136\">Operating pro\ufb01t </span><span class=\"S28F5 SC4 S2\" id=\"t1n_136\">347 667 </span><span class=\"S28F6 SC4 S2\" id=\"t1o_136\">4 233 282 </span><span class=\"S28F7 SC4 S2\" id=\"t1p_136\">155 527 </span><span class=\"S28F8 SC4 S2\" id=\"t1q_136\">-453 431 </span><span class=\"S28F9 SC4 S2\" id=\"t1r_136\">4 283 045 </span><span class=\"S28FA SC5 S2\" id=\"t1s_136\">Pro\ufb01t from associates </span><span class=\"S28FB SC5 S2\" id=\"t1t_136\">356 </span><span class=\"S28FC SC5 S2\" id=\"t1u_136\">65 537 </span><span class=\"S28FD SC5 S2\" id=\"t1v_136\">-218 </span><span class=\"S28FE SC5 S2\" id=\"t1w_136\">65 675 </span><span class=\"S28FF SC5 S2\" id=\"t1x_136\">Net \ufb01nancial items </span><span class=\"S2900 SC5 S2\" id=\"t1y_136\">-46 037 </span><span class=\"S2901 SC5 S2\" id=\"t1z_136\">-201 733 </span><span class=\"S2902 SC5 S2\" id=\"t20_136\">-39 673 </span><span class=\"S2903 SC5 S2\" id=\"t21_136\">5 674 </span><span class=\"S2904 SC5 S2\" id=\"t22_136\">-281 769 </span><span class=\"S2905 SC4 S2\" id=\"t23_136\">Pro\ufb01t before tax </span><span class=\"S2906 SC4 S2\" id=\"t24_136\">301 986 </span><span class=\"S2907 SC4 S2\" id=\"t25_136\">4 097 086 </span><span class=\"S2908 SC4 S2\" id=\"t26_136\">115 636 </span><span class=\"S2909 SC4 S2\" id=\"t27_136\">-447 757 </span><span class=\"S290A SC4 S2\" id=\"t28_136\">4 066 951 </span><span class=\"S290B SC5 S2\" id=\"t29_136\">Tax cost </span><span class=\"S290C SC5 S2\" id=\"t2a_136\">-901 829 </span><span class=\"S290D SC4 S2\" id=\"t2b_136\">The year's result </span><span class=\"S290E SC4 S2\" id=\"t2c_136\">3 165 122 </span><span class=\"S290F SC5 S2\" id=\"t2d_136\">Operating margin before fair value adjustments </span><span class=\"S2910 SC5 S2\" id=\"t2e_136\">11.2 % </span><span class=\"S2911 SC5 S2\" id=\"t2f_136\">25.3 % </span><span class=\"S2912 SC5 S2\" id=\"t2g_136\">0.6 % </span><span class=\"S2913 SC5 S2\" id=\"t2h_136\">3.1 % </span><span class=\"S2914 SC5 S2\" id=\"t2i_136\">12.0 % </span><span class=\"S2915 SC5 S2\" id=\"t2j_136\">Catch volume (HOG) in tonnes </span><span class=\"S2916 SC5 S2\" id=\"t2k_136\">71 726 </span><span class=\"S2917 SC5 S2\" id=\"t2l_136\">71 726 </span><span class=\"S2918 SC5 S2\" id=\"t2m_136\">Harvest volume salmon and trout (GWT) </span><span class=\"S2919 SC5 S2\" id=\"t2n_136\">174 629 </span><span class=\"S291A SC5 S2\" id=\"t2o_136\">174 629 </span><span class=\"S291B SC5 S2\" id=\"t2p_136\">EBIT */kg harvested salmon and trout </span><span class=\"S291C SC5 S2\" id=\"t2q_136\">2.0 </span><span class=\"S291D SC5 S2\" id=\"t2r_136\">18.0 </span><span class=\"S291E SC5 S2\" id=\"t2s_136\">0.9 </span><span class=\"S291F SC5 S2\" id=\"t2t_136\">20.9 </span><span class=\"S2920 SC5 S2\" id=\"t2u_136\">EBIT** in Wild catch / catch volume in kg </span><span class=\"S2921 SC5 S2\" id=\"t2v_136\">4.8 </span><span class=\"S2922 SC5 S2\" id=\"t2w_136\">4.8 </span><span class=\"S2923 SC5 S2\" id=\"t2x_136\">EBIT* other segments /kg salmon &amp; trout </span><span class=\"S2924 SC5 S2\" id=\"t2y_136\">18.0 </span><span class=\"S2925 SC5 S2\" id=\"t2z_136\">0.9 </span><span class=\"S2926 SC5 S2\" id=\"t30_136\">0.0 </span><span class=\"S2927 SC5 S2\" id=\"t31_136\">18.9 </span><span class=\"S2928 SC5 S2\" id=\"t32_136\">Assets excluding associates </span><span class=\"S2929 SC5 S2\" id=\"t33_136\">6 608 072 </span><span class=\"S292A SC5 S2\" id=\"t34_136\">21 370 133 </span><span class=\"S292B SC5 S2\" id=\"t35_136\">7 398 335 </span><span class=\"S292C SC5 S2\" id=\"t36_136\">260 482 </span><span class=\"S292D SC5 S2\" id=\"t37_136\">35 637 022 </span><span class=\"S292E SC5 S2\" id=\"t38_136\">Associates </span><span class=\"S292F SC5 S2\" id=\"t39_136\">22 419 </span><span class=\"S2930 SC5 S2\" id=\"t3a_136\">1 400 865 </span><span class=\"S2931 SC5 S2\" id=\"t3b_136\">1 354 </span><span class=\"S2932 SC5 S2\" id=\"t3c_136\">0 </span><span class=\"S2933 SC5 S2\" id=\"t3d_136\">1 424 638 </span><span class=\"S2934 SC4 S2\" id=\"t3e_136\">Total assets </span><span class=\"S2935 SC4 S2\" id=\"t3f_136\">6 630 491 </span><span class=\"S2936 SC4 S2\" id=\"t3g_136\">22 770 998 </span><span class=\"S2937 SC4 S2\" id=\"t3h_136\">7 399 689 </span><span class=\"S2938 SC4 S2\" id=\"t3i_136\">260 482 </span><span class=\"S2939 SC4 S2\" id=\"t3j_136\">37 061 660 </span><span class=\"S293A SC4 S2\" id=\"t3k_136\">Total liabilities </span><span class=\"S293B SC4 S2\" id=\"t3l_136\">2 986 231 </span><span class=\"S293C SC4 S2\" id=\"t3m_136\">9 727 036 </span><span class=\"S293D SC4 S2\" id=\"t3n_136\">5 142 988 </span><span class=\"S293E SC4 S2\" id=\"t3o_136\">-1 818 287 </span><span class=\"S293F SC4 S2\" id=\"t3p_136\">16 037 967 </span><span class=\"S2940 SC4 S2\" id=\"t3q_136\">NIBD </span><span class=\"S2941 SC4 S2\" id=\"t3r_136\">993 668 </span><span class=\"S2942 SC4 S2\" id=\"t3s_136\">3 283 103 </span><span class=\"S2943 SC4 S2\" id=\"t3t_136\">918 075 </span><span class=\"S2944 SC4 S2\" id=\"t3u_136\">-848 763 </span><span class=\"S2945 SC4 S2\" id=\"t3v_136\">4 346 083 </span><span class=\"S2946 SC4 S2\" id=\"t3w_136\">Net investments *** </span><span class=\"S2947 SC4 S2\" id=\"t3x_136\">210 319 </span><span class=\"S2948 SC4 S2\" id=\"t3y_136\">728 580 </span><span class=\"S2949 SC4 S2\" id=\"t3z_136\">158 043 </span><span class=\"S294A SC4 S2\" id=\"t40_136\">18 646 </span><span class=\"S294B SC4 S2\" id=\"t41_136\">1 115 588 </span><span class=\"S294C SC5 S2\" id=\"t42_136\">Depreciations on intangibles </span><span class=\"S294D SC5 S2\" id=\"t43_136\">29 137 </span><span class=\"S294E SC5 S2\" id=\"t44_136\">635 </span><span class=\"S294F SC5 S2\" id=\"t45_136\">3 787 </span><span class=\"S2950 SC5 S2\" id=\"t46_136\">0 </span><span class=\"S2951 SC5 S2\" id=\"t47_136\">33 559 </span><span class=\"S2952 SC5 S2\" id=\"t48_136\">Depreciation on right of use assets from credit institutions </span><span class=\"S2953 SC5 S2\" id=\"t49_136\">10 756 </span><span class=\"S2954 SC5 S2\" id=\"t4a_136\">183 702 </span><span class=\"S2955 SC5 S2\" id=\"t4b_136\">31 440 </span><span class=\"S2956 SC5 S2\" id=\"t4c_136\">0 </span><span class=\"S2957 SC5 S2\" id=\"t4d_136\">225 897 </span><span class=\"S2958 SC5 S2\" id=\"t4e_136\">Depreciation on \ufb01xed assets </span><span class=\"S2959 SC5 S2\" id=\"t4f_136\">164 265 </span><span class=\"S295A SC5 S2\" id=\"t4g_136\">461 730 </span><span class=\"S295B SC5 S2\" id=\"t4h_136\">112 205 </span><span class=\"S295C SC5 S2\" id=\"t4i_136\">4 223 </span><span class=\"S295D SC5 S2\" id=\"t4j_136\">742 423 </span><span class=\"S295E SC4 S2\" id=\"t4k_136\">Total depreciation exclusive RoU assets from others </span><span class=\"S295F SC4 S2\" id=\"t4l_136\">204 158 </span><span class=\"S2960 SC4 S2\" id=\"t4m_136\">646 067 </span><span class=\"S2961 SC4 S2\" id=\"t4n_136\">147 432 </span><span class=\"S2962 SC4 S2\" id=\"t4o_136\">4 223 </span><span class=\"S2963 SC4 S2\" id=\"t4p_136\">1 001 880 </span><span class=\"S2964 SC5 S2\" id=\"t4q_136\">Depreciation on right of use assets from others </span><span class=\"S2965 SC5 S2\" id=\"t4r_136\">3 381 </span><span class=\"S2966 SC5 S2\" id=\"t4s_136\">284 472 </span><span class=\"S2967 SC5 S2\" id=\"t4t_136\">28 361 </span><span class=\"S2968 SC5 S2\" id=\"t4u_136\">7 944 </span><span class=\"S2969 SC5 S2\" id=\"t4v_136\">324 159 </span><span class=\"S296A SC4 S2\" id=\"t4w_136\">Total depreciation </span><span class=\"S296B SC4 S2\" id=\"t4x_136\">207 539 </span><span class=\"S296C SC4 S2\" id=\"t4y_136\">930 539 </span><span class=\"S296D SC4 S2\" id=\"t4z_136\">175 793 </span><span class=\"S296E SC4 S2\" id=\"t50_136\">12 167 </span><span class=\"S296F SC4 S2\" id=\"t51_136\">1 326 039 </span><span class=\"S2970 SC5 S2\" id=\"t52_136\">Impairment loss on \ufb01xed assets </span><span class=\"S2971 SC5 S2\" id=\"t53_136\">0 </span><span class=\"S2972 SC4 S2\" id=\"t54_136\">Total impairment loss </span><span class=\"S2973 SC4 S2\" id=\"t55_136\">0 </span><span class=\"S2974 SC4 S2\" id=\"t56_136\">0 </span><span class=\"S2975 SC4 S2\" id=\"t57_136\">0 </span><span class=\"S2976 SC4 S2\" id=\"t58_136\">0 </span><span class=\"S2977 SC4 S2\" id=\"t59_136\">0 </span><span class=\"S2978 SAF1 S2\" id=\"t5a_136\">* </span><span class=\"S2979 SAF1 S2\" id=\"t5b_136\">Fair value adjustments related to biological assets </span><span class=\"S297A SAF1 S2\" id=\"t5c_136\">** </span><span class=\"S297B SAF1 S2\" id=\"t5d_136\">Including effect from changes in stock and corresponding elimination for internal pro\ufb01t. </span><span class=\"S297C SAF1 S2\" id=\"t5e_136\">*** Net investments consist of net addition for (1) \ufb01xed assets. (2) intangibles and (3) right-of-use assets from credit institutions. </span><span class=\"S297D SAF1 S2\" id=\"t5f_136\">Net investment is total purchase price paid for new assets minus sale price for disposed assets. </span><span class=\"S297E SAF1 S2\" id=\"t5g_136\">Right-of-use assets derived from leases with other than credit institutions are not considered to be investments. and are therefore not included. </span><span class=\"S2297 S18EC S2\" id=\"t5o_136\">NOTE 5 cont. </span><span class=\"S27F9 S18EC S2\" id=\"t5p_136\">Operating revenues and segment information </span><span class=\"S297F SC4 S2\" id=\"t1_137\">Operating revenue </span><span class=\"S2980 SC4 S2\" id=\"t2_137\">2022 </span><span class=\"S2981 SC4 S2\" id=\"t3_137\">% </span><span class=\"S2982 SC4 S2\" id=\"t4_137\">2021 </span><span class=\"S2983 SC4 S2\" id=\"t5_137\">% </span><span class=\"S2984 SC5 S2\" id=\"t6_137\">Whole salmon </span><span class=\"S2985 SC5 S2\" id=\"t7_137\">10 756 195 </span><span class=\"S2986 SC5 S2\" id=\"t8_137\">40.4 </span><span class=\"S2987 SC5 S2\" id=\"t9_137\">8 655 536 </span><span class=\"S2988 SC5 S2\" id=\"ta_137\">37.5 </span><span class=\"S2989 SC5 S2\" id=\"tb_137\">Processed salmon </span><span class=\"S298A SC5 S2\" id=\"tc_137\">7 103 589 </span><span class=\"S298B SC5 S2\" id=\"td_137\">26.7 </span><span class=\"S298C SC5 S2\" id=\"te_137\">6 645 159 </span><span class=\"S298D SC5 S2\" id=\"tf_137\">28.8 </span><span class=\"S298E SC5 S2\" id=\"tg_137\">White\ufb01sh </span><span class=\"S298F SC5 S2\" id=\"th_137\">4 533 898 </span><span class=\"S2990 SC5 S2\" id=\"ti_137\">17.0 </span><span class=\"S2991 SC5 S2\" id=\"tj_137\">3 784 408 </span><span class=\"S2992 SC5 S2\" id=\"tk_137\">16.4 </span><span class=\"S2993 SC5 S2\" id=\"tl_137\">Trout </span><span class=\"S2994 SC5 S2\" id=\"tm_137\">2 011 780 </span><span class=\"S2995 SC5 S2\" id=\"tn_137\">7.6 </span><span class=\"S2996 SC5 S2\" id=\"to_137\">1 647 734 </span><span class=\"S2997 SC5 S2\" id=\"tp_137\">7.1 </span><span class=\"S2998 SC5 S2\" id=\"tq_137\">Shell\ufb01sh </span><span class=\"S2999 SC5 S2\" id=\"tr_137\">1 073 468 </span><span class=\"S299A SC5 S2\" id=\"ts_137\">4.0 </span><span class=\"S299B SC5 S2\" id=\"tt_137\">960 916 </span><span class=\"S299C SC5 S2\" id=\"tu_137\">4.2 </span><span class=\"S299D SC5 S2\" id=\"tv_137\">Pelagic </span><span class=\"S299E SC5 S2\" id=\"tw_137\">107 909 </span><span class=\"S299F SC5 S2\" id=\"tx_137\">0.4 </span><span class=\"S29A0 SC5 S2\" id=\"ty_137\">99 259 </span><span class=\"S29A1 SC5 S2\" id=\"tz_137\">0.4 </span><span class=\"S29A2 SC5 S2\" id=\"t10_137\">Other </span><span class=\"S29A3 SC5 S2\" id=\"t11_137\">1 059 040 </span><span class=\"S29A4 SC5 S2\" id=\"t12_137\">4.0 </span><span class=\"S29A5 SC5 S2\" id=\"t13_137\">1 280 268 </span><span class=\"S29A6 SC5 S2\" id=\"t14_137\">5.5 </span><span class=\"S29A7 SC4 S2\" id=\"t15_137\">Total operating revenue </span><span class=\"S29A8 SC4 S2\" id=\"t16_137\">26 645 877 </span><span class=\"S29A9 SC4 S2\" id=\"t17_137\">100.0 </span><span class=\"S29AA SC4 S2\" id=\"t18_137\">23 073 280 </span><span class=\"S29AB SC4 S2\" id=\"t19_137\">100.0 </span><span class=\"S29AC SC4 S2\" id=\"t1a_137\">Information on product area </span><span class=\"S29AD SC5 S2\" id=\"t1b_137\">Operating revenue in NOK by product area </span><span class=\"S29AE SC4 S2\" id=\"t1c_137\">2021 </span><span class=\"S29AF SC4 S2\" id=\"t1d_137\">North region </span><span class=\"S29B0 SC4 S2\" id=\"t1e_137\">(Ler\u00f8y </span><span class=\"S29B1 SC4 S2\" id=\"t1f_137\">Aurora) </span><span class=\"S29B2 SC4 S2\" id=\"t1g_137\">Central </span><span class=\"S29B3 SC4 S2\" id=\"t1h_137\">region (Ler\u00f8y </span><span class=\"S29B4 SC4 S2\" id=\"t1i_137\">Midt) </span><span class=\"S29B5 SC4 S2\" id=\"t1j_137\">West region </span><span class=\"S29B6 SC4 S2\" id=\"t1k_137\">(Ler\u00f8y </span><span class=\"S29B7 SC4 S2\" id=\"t1l_137\">Sj\u00f8troll) </span><span class=\"S29B8 SC4 S2\" id=\"t1m_137\">Elimination </span><span class=\"S29B9 SC4 S2\" id=\"t1n_137\">(group </span><span class=\"S29BA SC4 S2\" id=\"t1o_137\">purchases/ </span><span class=\"S29BB SC4 S2\" id=\"t1p_137\">sales) </span><span class=\"S29BC SC4 S2\" id=\"t1q_137\">Total </span><span class=\"S29BD SC4 S2\" id=\"t1r_137\">Farming </span><span class=\"S29BE SC5 S2\" id=\"t1s_137\">External operating revenue </span><span class=\"S29BF SC5 S2\" id=\"t1t_137\">228 506 </span><span class=\"S29C0 SC5 S2\" id=\"t1u_137\">63 096 </span><span class=\"S29C1 SC5 S2\" id=\"t1v_137\">31 735 </span><span class=\"S29C2 SC5 S2\" id=\"t1w_137\">323 337 </span><span class=\"S29C3 SC5 S2\" id=\"t1x_137\">Internal operating revenue </span><span class=\"S29C4 SC5 S2\" id=\"t1y_137\">2 312 241 </span><span class=\"S29C5 SC5 S2\" id=\"t1z_137\">4 078 011 </span><span class=\"S29C6 SC5 S2\" id=\"t20_137\">3 881 614 </span><span class=\"S29C7 SC5 S2\" id=\"t21_137\">-91 805 </span><span class=\"S29C8 SC5 S2\" id=\"t22_137\">10 180 062 </span><span class=\"S29C9 SC4 S2\" id=\"t23_137\">Total operating revenue </span><span class=\"S29CA SC4 S2\" id=\"t24_137\">2 540 748 </span><span class=\"S29CB SC4 S2\" id=\"t25_137\">4 141 107 </span><span class=\"S29CC SC4 S2\" id=\"t26_137\">3 913 350 </span><span class=\"S29CD SC4 S2\" id=\"t27_137\">-91 805 </span><span class=\"S29CE SC4 S2\" id=\"t28_137\">10 503 400 </span><span class=\"S29CF SC5 S2\" id=\"t29_137\">Other gains and losses </span><span class=\"S29D0 SC5 S2\" id=\"t2a_137\">0 </span><span class=\"S29D1 SC5 S2\" id=\"t2b_137\">1 351 </span><span class=\"S29D2 SC5 S2\" id=\"t2c_137\">5 857 </span><span class=\"S29D3 SC5 S2\" id=\"t2d_137\">0 </span><span class=\"S29D4 SC5 S2\" id=\"t2e_137\">7 210 </span><span class=\"S29D5 SC5 S2\" id=\"t2f_137\">Operating expenses </span><span class=\"S29D6 SC5 S2\" id=\"t2g_137\">2 095 859 </span><span class=\"S29D7 SC5 S2\" id=\"t2h_137\">3 304 811 </span><span class=\"S29D8 SC5 S2\" id=\"t2i_137\">3 435 083 </span><span class=\"S29D9 SC5 S2\" id=\"t2j_137\">-92 875 </span><span class=\"S29DA SC5 S2\" id=\"t2k_137\">8 742 880 </span><span class=\"S29DB SC4 S2\" id=\"t2l_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S29DC SC4 S2\" id=\"t2m_137\">444 888 </span><span class=\"S29DD SC4 S2\" id=\"t2n_137\">837 647 </span><span class=\"S29DE SC4 S2\" id=\"t2o_137\">484 124 </span><span class=\"S29DF SC4 S2\" id=\"t2p_137\">1 070 </span><span class=\"S29E0 SC4 S2\" id=\"t2q_137\">1 767 730 </span><span class=\"S29E1 SC5 S2\" id=\"t2r_137\">Volume salmon (GWT)* </span><span class=\"S29E2 SC5 S2\" id=\"t2s_137\">43 963 </span><span class=\"S29E3 SC5 S2\" id=\"t2t_137\">72 623 </span><span class=\"S29E4 SC5 S2\" id=\"t2u_137\">44 956 </span><span class=\"S29E5 SC5 S2\" id=\"t2v_137\">161 542 </span><span class=\"S29E6 SC5 S2\" id=\"t2w_137\">Volume trout (GWT) </span><span class=\"S29E7 SC5 S2\" id=\"t2x_137\">25 093 </span><span class=\"S29E8 SC5 S2\" id=\"t2y_137\">25 093 </span><span class=\"S29E9 SC4 S2\" id=\"t2z_137\">Total volume </span><span class=\"S29EA SC4 S2\" id=\"t30_137\">43 963 </span><span class=\"S29EB SC4 S2\" id=\"t31_137\">72 623 </span><span class=\"S29EC SC4 S2\" id=\"t32_137\">70 049 </span><span class=\"S29ED SC4 S2\" id=\"t33_137\">186 635 </span><span class=\"S29EE SC4 S2\" id=\"t34_137\">EBIT/kg ** </span><span class=\"S29EF SC4 S2\" id=\"t35_137\">10.1 </span><span class=\"S29F0 SC4 S2\" id=\"t36_137\">11.5 </span><span class=\"S29F1 SC4 S2\" id=\"t37_137\">6.9 </span><span class=\"S29F2 SC4 S2\" id=\"t38_137\">0.0 </span><span class=\"S29F3 SC4 S2\" id=\"t39_137\">9.5 </span><span class=\"S29F4 SC4 S2\" id=\"t3a_137\">2022 </span><span class=\"S29F5 SC4 S2\" id=\"t3b_137\">North region </span><span class=\"S29F6 SC4 S2\" id=\"t3c_137\">(Ler\u00f8y </span><span class=\"S29F7 SC4 S2\" id=\"t3d_137\">Aurora) </span><span class=\"S29F8 SC4 S2\" id=\"t3e_137\">Central </span><span class=\"S29F9 SC4 S2\" id=\"t3f_137\">region (Ler\u00f8y </span><span class=\"S29FA SC4 S2\" id=\"t3g_137\">Midt) </span><span class=\"S29FB SC4 S2\" id=\"t3h_137\">West region </span><span class=\"S29FC SC4 S2\" id=\"t3i_137\">(Ler\u00f8y </span><span class=\"S29FD SC4 S2\" id=\"t3j_137\">Sj\u00f8troll) </span><span class=\"S29FE SC4 S2\" id=\"t3k_137\">Elimination </span><span class=\"S29FF SC4 S2\" id=\"t3l_137\">(group </span><span class=\"S2A00 SC4 S2\" id=\"t3m_137\">purchases/ </span><span class=\"S2A01 SC4 S2\" id=\"t3n_137\">sales) </span><span class=\"S2A02 SC4 S2\" id=\"t3o_137\">Total </span><span class=\"S2A03 SC4 S2\" id=\"t3p_137\">Farming </span><span class=\"S2A04 SC5 S2\" id=\"t3q_137\">External operating revenue </span><span class=\"S2A05 SC5 S2\" id=\"t3r_137\">115 552 </span><span class=\"S2A06 SC5 S2\" id=\"t3s_137\">63 927 </span><span class=\"S2A07 SC5 S2\" id=\"t3t_137\">68 494 </span><span class=\"S2A08 SC5 S2\" id=\"t3u_137\">247 973 </span><span class=\"S2A09 SC5 S2\" id=\"t3v_137\">Internal operating revenue </span><span class=\"S2A0A SC5 S2\" id=\"t3w_137\">2 682 656 </span><span class=\"S2A0B SC5 S2\" id=\"t3x_137\">4 954 440 </span><span class=\"S2A0C SC5 S2\" id=\"t3y_137\">4 624 657 </span><span class=\"S2A0D SC5 S2\" id=\"t3z_137\">-65 612 </span><span class=\"S2A0E SC5 S2\" id=\"t40_137\">12 196 140 </span><span class=\"S2A0F SC4 S2\" id=\"t41_137\">Total operating revenue </span><span class=\"S2A10 SC4 S2\" id=\"t42_137\">2 798 208 </span><span class=\"S2A11 SC4 S2\" id=\"t43_137\">5 018 367 </span><span class=\"S2A12 SC4 S2\" id=\"t44_137\">4 693 151 </span><span class=\"S2A13 SC4 S2\" id=\"t45_137\">-65 612 </span><span class=\"S2A14 SC4 S2\" id=\"t46_137\">12 444 113 </span><span class=\"S2A15 SC5 S2\" id=\"t47_137\">Other gains and losses </span><span class=\"S2A16 SC5 S2\" id=\"t48_137\">350 </span><span class=\"S2A17 SC5 S2\" id=\"t49_137\">3 006 </span><span class=\"S2A18 SC5 S2\" id=\"t4a_137\">4 407 </span><span class=\"S2A19 SC5 S2\" id=\"t4b_137\">7 764 </span><span class=\"S2A1A SC5 S2\" id=\"t4c_137\">Operating expenses </span><span class=\"S2A1B SC5 S2\" id=\"t4d_137\">2 058 409 </span><span class=\"S2A1C SC5 S2\" id=\"t4e_137\">3 547 305 </span><span class=\"S2A1D SC5 S2\" id=\"t4f_137\">3 769 491 </span><span class=\"S2A1E SC5 S2\" id=\"t4g_137\">-68 445 </span><span class=\"S2A1F SC5 S2\" id=\"t4h_137\">9 306 761 </span><span class=\"S2A20 SC4 S2\" id=\"t4i_137\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S2A21 SC4 S2\" id=\"t4j_137\">740 149 </span><span class=\"S2A22 SC4 S2\" id=\"t4k_137\">1 474 068 </span><span class=\"S2A23 SC4 S2\" id=\"t4l_137\">928 067 </span><span class=\"S2A24 SC4 S2\" id=\"t4m_137\">2 833 </span><span class=\"S2A25 SC4 S2\" id=\"t4n_137\">3 145 116 </span><span class=\"S2A26 SC5 S2\" id=\"t4o_137\">Volume salmon (GWT)* </span><span class=\"S2A27 SC5 S2\" id=\"t4p_137\">40 109 </span><span class=\"S2A28 SC5 S2\" id=\"t4q_137\">68 793 </span><span class=\"S2A29 SC5 S2\" id=\"t4r_137\">43 040 </span><span class=\"S2A2A SC5 S2\" id=\"t4s_137\">151 942 </span><span class=\"S2A2B SC5 S2\" id=\"t4t_137\">Volume trout (GWT) </span><span class=\"S2A2C SC5 S2\" id=\"t4u_137\">22 687 </span><span class=\"S2A2D SC5 S2\" id=\"t4v_137\">22 687 </span><span class=\"S2A2E SC4 S2\" id=\"t4w_137\">Total volume </span><span class=\"S2A2F SC4 S2\" id=\"t4x_137\">40 109 </span><span class=\"S2A30 SC4 S2\" id=\"t4y_137\">68 793 </span><span class=\"S2A31 SC4 S2\" id=\"t4z_137\">65 727 </span><span class=\"S2A32 SC4 S2\" id=\"t50_137\">174 629 </span><span class=\"S2A33 SC4 S2\" id=\"t51_137\">EBIT/kg ** </span><span class=\"S2A34 SC4 S2\" id=\"t52_137\">18.5 </span><span class=\"S2A35 SC4 S2\" id=\"t53_137\">21.4 </span><span class=\"S2A36 SC4 S2\" id=\"t54_137\">14.1 </span><span class=\"S2A37 SC4 S2\" id=\"t55_137\">0.0 </span><span class=\"S2A38 SC4 S2\" id=\"t56_137\">18.0 </span><span class=\"S2A39 SAF1 S2\" id=\"t57_137\">* GWT = Gutted weight in tonnes </span><span class=\"S2A3A SAF1 S2\" id=\"t58_137\">** Before fair value adjustments related to biological assets </span><span class=\"S2A3B SC7 S2\" id=\"t59_137\">Speci\ufb01cation per region within Farming </span><span class=\"S2A3D SC4 S2\" id=\"t1_138\">Operating revenue </span><span class=\"S2A3E SC4 S2\" id=\"t2_138\">2022 </span><span class=\"S2A3F SC4 S2\" id=\"t3_138\">% </span><span class=\"S2A40 SC4 S2\" id=\"t4_138\">2021 </span><span class=\"S2A41 SC4 S2\" id=\"t5_138\">% </span><span class=\"S2A42 SC5 S2\" id=\"t6_138\">NOK </span><span class=\"S2A43 SC5 S2\" id=\"t7_138\">8 540 963 </span><span class=\"S2A44 SC5 S2\" id=\"t8_138\">32.1 </span><span class=\"S2A45 SC5 S2\" id=\"t9_138\">4 104 922 </span><span class=\"S2A46 SC5 S2\" id=\"ta_138\">17.8 </span><span class=\"S2A47 SC5 S2\" id=\"tb_138\">SEK </span><span class=\"S2A48 SC5 S2\" id=\"tc_138\">1 042 588 </span><span class=\"S2A49 SC5 S2\" id=\"td_138\">3.9 </span><span class=\"S2A4A SC5 S2\" id=\"te_138\">1 356 456 </span><span class=\"S2A4B SC5 S2\" id=\"tf_138\">5.9 </span><span class=\"S2A4C SC5 S2\" id=\"tg_138\">DKK </span><span class=\"S2A4D SC5 S2\" id=\"th_138\">476 661 </span><span class=\"S2A4E SC5 S2\" id=\"ti_138\">1.8 </span><span class=\"S2A4F SC5 S2\" id=\"tj_138\">542 686 </span><span class=\"S2A50 SC5 S2\" id=\"tk_138\">2.4 </span><span class=\"S2A51 SC5 S2\" id=\"tl_138\">GBP </span><span class=\"S2A52 SC5 S2\" id=\"tm_138\">215 113 </span><span class=\"S2A53 SC5 S2\" id=\"tn_138\">0.8 </span><span class=\"S2A54 SC5 S2\" id=\"to_138\">286 593 </span><span class=\"S2A55 SC5 S2\" id=\"tp_138\">1.2 </span><span class=\"S2A56 SC5 S2\" id=\"tq_138\">EUR </span><span class=\"S2A57 SC5 S2\" id=\"tr_138\">10 641 559 </span><span class=\"S2A58 SC5 S2\" id=\"ts_138\">39.9 </span><span class=\"S2A59 SC5 S2\" id=\"tt_138\">11 307 533 </span><span class=\"S2A5A SC5 S2\" id=\"tu_138\">49.0 </span><span class=\"S2A5B SC5 S2\" id=\"tv_138\">USD </span><span class=\"S2A5C SC5 S2\" id=\"tw_138\">4 360 101 </span><span class=\"S2A5D SC5 S2\" id=\"tx_138\">16.4 </span><span class=\"S2A5E SC5 S2\" id=\"ty_138\">4 226 584 </span><span class=\"S2A5F SC5 S2\" id=\"tz_138\">18.3 </span><span class=\"S2A60 SC5 S2\" id=\"t10_138\">JPY </span><span class=\"S2A61 SC5 S2\" id=\"t11_138\">1 028 364 </span><span class=\"S2A62 SC5 S2\" id=\"t12_138\">3.9 </span><span class=\"S2A63 SC5 S2\" id=\"t13_138\">996 289 </span><span class=\"S2A64 SC5 S2\" id=\"t14_138\">4.3 </span><span class=\"S2A65 SC5 S2\" id=\"t15_138\">Other currency </span><span class=\"S2A66 SC5 S2\" id=\"t16_138\">340 529 </span><span class=\"S2A67 SC5 S2\" id=\"t17_138\">1.3 </span><span class=\"S2A68 SC5 S2\" id=\"t18_138\">252 217 </span><span class=\"S2A69 SC5 S2\" id=\"t19_138\">1.1 </span><span class=\"S2A6A SC4 S2\" id=\"t1a_138\">Total operating revenue </span><span class=\"S2A6B SC4 S2\" id=\"t1b_138\">26 645 877 </span><span class=\"S2A6C SC4 S2\" id=\"t1c_138\">100.0 </span><span class=\"S2A6D SC4 S2\" id=\"t1d_138\">23 073 280 </span><span class=\"S2A6E SC4 S2\" id=\"t1e_138\">100.0 </span><span class=\"S2A6F SC5 S2\" id=\"t1f_138\">Sales in foreign currency from Group companies in Norway normally take place at an approximate transaction rate (week rates). However, </span><span class=\"S2A70 SC5 S2\" id=\"t1g_138\">contractual sales are hedged and the sales revenue is adjusted with the effect from the currency forward contracts. Sales from foreign Group </span><span class=\"S2A71 SC5 S2\" id=\"t1h_138\">companies in foreign currency are in principle translated to NOK on the basis of the accumulated monthly average exchange rate in the </span><span class=\"S2A72 SC5 S2\" id=\"t1i_138\">accounting period. </span><span class=\"S2A73 SC4 S2\" id=\"t1j_138\">Operating revenue </span><span class=\"S2A74 SC4 S2\" id=\"t1k_138\">2022 </span><span class=\"S2A75 SC4 S2\" id=\"t1l_138\">% </span><span class=\"S2A76 SC4 S2\" id=\"t1m_138\">2021 </span><span class=\"S2A77 SC4 S2\" id=\"t1n_138\">% </span><span class=\"S2A78 SC5 S2\" id=\"t1o_138\">EU </span><span class=\"S2A79 SC5 S2\" id=\"t1p_138\">14 517 993 </span><span class=\"S2A7A SC5 S2\" id=\"t1q_138\">54.5 </span><span class=\"S2A7B SC5 S2\" id=\"t1r_138\">12 331 718 </span><span class=\"S2A7C SC5 S2\" id=\"t1s_138\">53.4 </span><span class=\"S2A7D SC5 S2\" id=\"t1t_138\">Norway </span><span class=\"S2A7E SC5 S2\" id=\"t1u_138\">4 525 572 </span><span class=\"S2A7F SC5 S2\" id=\"t1v_138\">17.0 </span><span class=\"S2A80 SC5 S2\" id=\"t1w_138\">4 092 113 </span><span class=\"S2A81 SC5 S2\" id=\"t1x_138\">17.7 </span><span class=\"S2A82 SC5 S2\" id=\"t1y_138\">Asia </span><span class=\"S2A83 SC5 S2\" id=\"t1z_138\">4 543 804 </span><span class=\"S2A84 SC5 S2\" id=\"t20_138\">17.1 </span><span class=\"S2A85 SC5 S2\" id=\"t21_138\">3 731 470 </span><span class=\"S2A86 SC5 S2\" id=\"t22_138\">16.2 </span><span class=\"S2A87 SC5 S2\" id=\"t23_138\">USA &amp; Canada </span><span class=\"S2A88 SC5 S2\" id=\"t24_138\">1 307 861 </span><span class=\"S2A89 SC5 S2\" id=\"t25_138\">4.9 </span><span class=\"S2A8A SC5 S2\" id=\"t26_138\">1 108 699 </span><span class=\"S2A8B SC5 S2\" id=\"t27_138\">4.8 </span><span class=\"S2A8C SC5 S2\" id=\"t28_138\">Rest of Europe </span><span class=\"S2A8D SC5 S2\" id=\"t29_138\">1 536 227 </span><span class=\"S2A8E SC5 S2\" id=\"t2a_138\">5.8 </span><span class=\"S2A8F SC5 S2\" id=\"t2b_138\">1 655 344 </span><span class=\"S2A90 SC5 S2\" id=\"t2c_138\">7.2 </span><span class=\"S2A91 SC5 S2\" id=\"t2d_138\">Other </span><span class=\"S2A92 SC5 S2\" id=\"t2e_138\">214 421 </span><span class=\"S2A93 SC5 S2\" id=\"t2f_138\">0.8 </span><span class=\"S2A94 SC5 S2\" id=\"t2g_138\">153 937 </span><span class=\"S2A95 SC5 S2\" id=\"t2h_138\">0.7 </span><span class=\"S2A96 SC4 S2\" id=\"t2i_138\">Total operating revenue </span><span class=\"S2A97 SC4 S2\" id=\"t2j_138\">26 645 877 </span><span class=\"S2A98 SC4 S2\" id=\"t2k_138\">100.0 </span><span class=\"S2A99 SC4 S2\" id=\"t2l_138\">23 073 280 </span><span class=\"S2A9A SC4 S2\" id=\"t2m_138\">100.0 </span><span class=\"S2A9B SC4 S2\" id=\"t2n_138\">Assets </span><span class=\"S2A9C SC4 S2\" id=\"t2o_138\">2022 </span><span class=\"S2A9D SC4 S2\" id=\"t2p_138\">% </span><span class=\"S2A9E SC4 S2\" id=\"t2q_138\">2021 </span><span class=\"S2A9F SC4 S2\" id=\"t2r_138\">% </span><span class=\"S2AA0 SC5 S2\" id=\"t2s_138\">Norway * </span><span class=\"S2AA1 SC5 S2\" id=\"t2t_138\">33 416 210 </span><span class=\"S2AA2 SC5 S2\" id=\"t2u_138\">90.2 </span><span class=\"S2AA3 SC5 S2\" id=\"t2v_138\">31 380 808 </span><span class=\"S2AA4 SC5 S2\" id=\"t2w_138\">91.8 </span><span class=\"S2AA5 SC5 S2\" id=\"t2x_138\">EU </span><span class=\"S2AA6 SC5 S2\" id=\"t2y_138\">3 447 441 </span><span class=\"S2AA7 SC5 S2\" id=\"t2z_138\">9.3 </span><span class=\"S2AA8 SC5 S2\" id=\"t30_138\">2 666 726 </span><span class=\"S2AA9 SC5 S2\" id=\"t31_138\">7.8 </span><span class=\"S2AAA SC5 S2\" id=\"t32_138\">Other countries </span><span class=\"S2AAB SC5 S2\" id=\"t33_138\">198 009 </span><span class=\"S2AAC SC5 S2\" id=\"t34_138\">0.5 </span><span class=\"S2AAD SC5 S2\" id=\"t35_138\">146 174 </span><span class=\"S2AAE SC5 S2\" id=\"t36_138\">0.4 </span><span class=\"S2AAF SC4 S2\" id=\"t37_138\">Total assets </span><span class=\"S2AB0 SC4 S2\" id=\"t38_138\">37 061 660 </span><span class=\"S2AB1 SC4 S2\" id=\"t39_138\">100.0 </span><span class=\"S2AB2 SC4 S2\" id=\"t3a_138\">34 193 708 </span><span class=\"S2AB3 SC4 S2\" id=\"t3b_138\">100.0 </span><span class=\"S2AB4 SAF1 S2\" id=\"t3c_138\">* Most of the trade receivables in the subsidiary Ler\u00f8y Seafood AS are from customers abroad. At year-end (year end previous year) this amounted </span><span class=\"S2AB5 SAF1 S2\" id=\"t3d_138\">to NOK 1,137,881 out of NOK 1,378,330 (NOK 988,595 out of NOK 1,130,311). Most of the trade receivables are covered by credit insurance. </span><span class=\"S2AB6 SC4 S2\" id=\"t3e_138\">Net investments </span><span class=\"S2AB7 SC4 S2\" id=\"t3f_138\">2022 </span><span class=\"S2AB8 SC4 S2\" id=\"t3g_138\">% </span><span class=\"S2AB9 SC4 S2\" id=\"t3h_138\">2021 </span><span class=\"S2ABA SC4 S2\" id=\"t3i_138\">% </span><span class=\"S2ABB SC5 S2\" id=\"t3j_138\">Norway </span><span class=\"S2ABC SC5 S2\" id=\"t3k_138\">978 780 </span><span class=\"S2ABD SC5 S2\" id=\"t3l_138\">87.7 </span><span class=\"S2ABE SC5 S2\" id=\"t3m_138\">1 083 482 </span><span class=\"S2ABF SC5 S2\" id=\"t3n_138\">91.6 </span><span class=\"S2AC0 SC5 S2\" id=\"t3o_138\">EU </span><span class=\"S2AC1 SC5 S2\" id=\"t3p_138\">135 649 </span><span class=\"S2AC2 SC5 S2\" id=\"t3q_138\">12.2 </span><span class=\"S2AC3 SC5 S2\" id=\"t3r_138\">98 787 </span><span class=\"S2AC4 SC5 S2\" id=\"t3s_138\">8.4 </span><span class=\"S2AC5 SC5 S2\" id=\"t3t_138\">Other countries </span><span class=\"S2AC6 SC5 S2\" id=\"t3u_138\">1 159 </span><span class=\"S2AC7 SC5 S2\" id=\"t3v_138\">0.1 </span><span class=\"S2AC8 SC5 S2\" id=\"t3w_138\">169 </span><span class=\"S2AC9 SC5 S2\" id=\"t3x_138\">0.0 </span><span class=\"S2ACA SC4 S2\" id=\"t3y_138\">Total assets </span><span class=\"S2ACB SC4 S2\" id=\"t3z_138\">1 115 588 </span><span class=\"S2ACC SC4 S2\" id=\"t40_138\">100.0 </span><span class=\"S2ACD SC4 S2\" id=\"t41_138\">1 182 438 </span><span class=\"S2ACE SC4 S2\" id=\"t42_138\">100.0 </span><span class=\"S2ACF SC4 S2\" id=\"t43_138\">Information on currency </span><span class=\"S2AD0 SC5 S2\" id=\"t44_138\">Operating revenue in NOK by currency </span><span class=\"S2AD1 SC4 S2\" id=\"t45_138\">Information on geographic areas </span><span class=\"S2AD2 SC5 S2\" id=\"t46_138\">Sales are allocated to the customers\u2019 home country. Assets and investments are distributed according to geographical location. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f12754": {
   "value": "<span class=\"S269D SC4 S2\" id=\"t1_133\">Company </span><span class=\"S269E SC4 S2\" id=\"t2_133\">Ownership </span><span class=\"S269F SC4 S2\" id=\"t3_133\">Country </span><span class=\"S26A0 SC4 S2\" id=\"t4_133\">Registered </span><span class=\"S26A1 SC4 S2\" id=\"t5_133\">business </span><span class=\"S26A2 SC4 S2\" id=\"t6_133\">premises </span><span class=\"S26A3 SC4 S2\" id=\"t7_133\">Year of </span><span class=\"S26A4 SC4 S2\" id=\"t8_133\">acquisition </span><span class=\"S26A5 SC4 S2\" id=\"t9_133\">Share </span><span class=\"S26A6 SC4 S2\" id=\"ta_133\">01.01 </span><span class=\"S26A7 SC4 S2\" id=\"tb_133\">Share </span><span class=\"S26A8 SC4 S2\" id=\"tc_133\">31.12 </span><span class=\"S26A9 SC5 S2\" id=\"td_133\">Ler\u00f8y Processing Spain SL </span><span class=\"S26AA SC5 S2\" id=\"te_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26AB SC5 S2\" id=\"tf_133\">Spain </span><span class=\"S26AC SC5 S2\" id=\"tg_133\">Madrid </span><span class=\"S26AD SC5 S2\" id=\"th_133\">2012 </span><span class=\"S26AE SC5 S2\" id=\"ti_133\">100 % </span><span class=\"S26AF SC5 S2\" id=\"tj_133\">100 % </span><span class=\"S26B0 SC5 S2\" id=\"tk_133\">Ler\u00f8y Quality Group AS </span><span class=\"S26B1 SC5 S2\" id=\"tl_133\">Ler\u00f8y Seafood AS </span><span class=\"S26B2 SC5 S2\" id=\"tm_133\">Norway </span><span class=\"S26B3 SC5 S2\" id=\"tn_133\">Bergen </span><span class=\"S26B4 SC5 S2\" id=\"to_133\">2006 </span><span class=\"S26B5 SC5 S2\" id=\"tp_133\">100 % </span><span class=\"S26B6 SC5 S2\" id=\"tq_133\">100 % </span><span class=\"S26B7 SC5 S2\" id=\"tr_133\">Ler\u00f8y Schlie A/S </span><span class=\"S26B8 SC5 S2\" id=\"ts_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S26B9 SC5 S2\" id=\"tt_133\">Denmark </span><span class=\"S26BA SC5 S2\" id=\"tu_133\">Hj\u00f8rring </span><span class=\"S26BB SC5 S2\" id=\"tv_133\">2021 </span><span class=\"S26BC SC5 S2\" id=\"tw_133\">100 % </span><span class=\"S26BD SC5 S2\" id=\"tx_133\">100 % </span><span class=\"S26BE SC5 S2\" id=\"ty_133\">Ler\u00f8y Seafood AB </span><span class=\"S26BF SC5 S2\" id=\"tz_133\">Ler\u00f8y Sverige AB </span><span class=\"S26C0 SC5 S2\" id=\"t10_133\">Sweden </span><span class=\"S26C1 SC5 S2\" id=\"t11_133\">Gothenburg </span><span class=\"S26C2 SC5 S2\" id=\"t12_133\">2001 </span><span class=\"S26C3 SC5 S2\" id=\"t13_133\">100 % </span><span class=\"S26C4 SC5 S2\" id=\"t14_133\">100 % </span><span class=\"S26C5 SC5 S2\" id=\"t15_133\">Ler\u00f8y Seafood AS </span><span class=\"S26C6 SC5 S2\" id=\"t16_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26C7 SC5 S2\" id=\"t17_133\">Norway </span><span class=\"S26C8 SC5 S2\" id=\"t18_133\">Bergen </span><span class=\"S26C9 SC5 S2\" id=\"t19_133\">1939 * </span><span class=\"S26CA SC5 S2\" id=\"t1a_133\">100 % </span><span class=\"S26CB SC5 S2\" id=\"t1b_133\">100 % </span><span class=\"S26CC SC5 S2\" id=\"t1c_133\">Ler\u00f8y Seafood Center B.V. </span><span class=\"S26CD SC5 S2\" id=\"t1d_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26CE SC5 S2\" id=\"t1e_133\">Netherlands </span><span class=\"S26CF SC5 S2\" id=\"t1f_133\">Urk </span><span class=\"S26D0 SC5 S2\" id=\"t1g_133\">2012 </span><span class=\"S26D1 SC5 S2\" id=\"t1h_133\">100 % </span><span class=\"S26D2 SC5 S2\" id=\"t1i_133\">100 % </span><span class=\"S26D3 SC5 S2\" id=\"t1j_133\">Ler\u00f8y Seafood Convenience B.V. </span><span class=\"S26D4 SC5 S2\" id=\"t1k_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26D5 SC5 S2\" id=\"t1l_133\">Netherlands </span><span class=\"S26D6 SC5 S2\" id=\"t1m_133\">Urk </span><span class=\"S26D7 SC5 S2\" id=\"t1n_133\">2012 </span><span class=\"S26D8 SC5 S2\" id=\"t1o_133\">100 % </span><span class=\"S26D9 SC5 S2\" id=\"t1p_133\">100 % </span><span class=\"S26DA SC5 S2\" id=\"t1q_133\">Ler\u00f8y Seafood Denmark A/S ** </span><span class=\"S26DB SC5 S2\" id=\"t1r_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26DC SC5 S2\" id=\"t1s_133\">Denmark </span><span class=\"S26DD SC5 S2\" id=\"t1t_133\">Hj\u00f8rring </span><span class=\"S26DE SC5 S2\" id=\"t1u_133\">2021 </span><span class=\"S26DF SC5 S2\" id=\"t1v_133\">78 % </span><span class=\"S26E0 SC5 S2\" id=\"t1w_133\">78 % </span><span class=\"S26E1 SC5 S2\" id=\"t1x_133\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S26E2 SC5 S2\" id=\"t1y_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26E3 SC5 S2\" id=\"t1z_133\">Netherlands </span><span class=\"S26E4 SC5 S2\" id=\"t20_133\">Urk </span><span class=\"S26E5 SC5 S2\" id=\"t21_133\">2012 </span><span class=\"S26E6 SC5 S2\" id=\"t22_133\">100 % </span><span class=\"S26E7 SC5 S2\" id=\"t23_133\">100 % </span><span class=\"S26E8 SC5 S2\" id=\"t24_133\">Ler\u00f8y Seafood Netherlands B.V. </span><span class=\"S26E9 SC5 S2\" id=\"t25_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26EA SC5 S2\" id=\"t26_133\">Netherlands </span><span class=\"S26EB SC5 S2\" id=\"t27_133\">Urk </span><span class=\"S26EC SC5 S2\" id=\"t28_133\">2012 </span><span class=\"S26ED SC5 S2\" id=\"t29_133\">100 % </span><span class=\"S26EE SC5 S2\" id=\"t2a_133\">100 % </span><span class=\"S26EF SC5 S2\" id=\"t2b_133\">Ler\u00f8y Seafood Real Estate B.V. </span><span class=\"S26F0 SC5 S2\" id=\"t2c_133\">Ler\u00f8y Seafood Holding B.V.** </span><span class=\"S26F1 SC5 S2\" id=\"t2d_133\">Netherlands </span><span class=\"S26F2 SC5 S2\" id=\"t2e_133\">Urk </span><span class=\"S26F3 SC5 S2\" id=\"t2f_133\">2012 </span><span class=\"S26F4 SC5 S2\" id=\"t2g_133\">100 % </span><span class=\"S26F5 SC5 S2\" id=\"t2h_133\">100 % </span><span class=\"S26F6 SC5 S2\" id=\"t2i_133\">Ler\u00f8y Seafood UK Ltd </span><span class=\"S26F7 SC5 S2\" id=\"t2j_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S26F8 SC5 S2\" id=\"t2k_133\">England </span><span class=\"S26F9 SC5 S2\" id=\"t2l_133\">Hull </span><span class=\"S26FA SC5 S2\" id=\"t2m_133\">2022 </span><span class=\"S26FB SC5 S2\" id=\"t2n_133\">0 % </span><span class=\"S26FC SC5 S2\" id=\"t2o_133\">100 % </span><span class=\"S26FD S269C S2\" id=\"t2p_133\">3) </span><span class=\"S26FE SC5 S2\" id=\"t2q_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S26FF SC5 S2\" id=\"t2r_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S2700 SC5 S2\" id=\"t2s_133\">Norway </span><span class=\"S2701 SC5 S2\" id=\"t2t_133\">Bergen </span><span class=\"S2702 SC5 S2\" id=\"t2u_133\">2006 </span><span class=\"S2703 SC5 S2\" id=\"t2v_133\">25 % </span><span class=\"S2704 SC5 S2\" id=\"t2w_133\">25 % </span><span class=\"S2705 SC5 S2\" id=\"t2x_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2706 SC5 S2\" id=\"t2y_133\">Ler\u00f8y Delico AS </span><span class=\"S2707 SC5 S2\" id=\"t2z_133\">Norway </span><span class=\"S2708 SC5 S2\" id=\"t30_133\">Bergen </span><span class=\"S2709 SC5 S2\" id=\"t31_133\">2006 </span><span class=\"S270A SC5 S2\" id=\"t32_133\">18 % </span><span class=\"S270B SC5 S2\" id=\"t33_133\">18 % </span><span class=\"S270C SC5 S2\" id=\"t34_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S270D SC5 S2\" id=\"t35_133\">Ler\u00f8y Alfheim AS </span><span class=\"S270E SC5 S2\" id=\"t36_133\">Norway </span><span class=\"S270F SC5 S2\" id=\"t37_133\">Bergen </span><span class=\"S2710 SC5 S2\" id=\"t38_133\">2006 </span><span class=\"S2711 SC5 S2\" id=\"t39_133\">24 % </span><span class=\"S2712 SC5 S2\" id=\"t3a_133\">24 % </span><span class=\"S2713 SC5 S2\" id=\"t3b_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S2714 SC5 S2\" id=\"t3c_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2715 SC5 S2\" id=\"t3d_133\">Norway </span><span class=\"S2716 SC5 S2\" id=\"t3e_133\">Bergen </span><span class=\"S2717 SC5 S2\" id=\"t3f_133\">2006 </span><span class=\"S2718 SC5 S2\" id=\"t3g_133\">8 % </span><span class=\"S2719 SC5 S2\" id=\"t3h_133\">8 % </span><span class=\"S271A SC5 S2\" id=\"t3i_133\">Ler\u00f8y Sj\u00f8matgruppen AS </span><span class=\"S271B SC5 S2\" id=\"t3j_133\">Ler\u00f8y Nord AS </span><span class=\"S271C SC5 S2\" id=\"t3k_133\">Norway </span><span class=\"S271D SC5 S2\" id=\"t3l_133\">Bergen </span><span class=\"S271E SC5 S2\" id=\"t3m_133\">2015 </span><span class=\"S271F SC5 S2\" id=\"t3n_133\">3 % </span><span class=\"S2720 SC5 S2\" id=\"t3o_133\">3 % </span><span class=\"S2721 SC5 S2\" id=\"t3p_133\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2722 SC5 S2\" id=\"t3q_133\">Ler\u00f8y Sverige AB </span><span class=\"S2723 SC5 S2\" id=\"t3r_133\">Sweden </span><span class=\"S2724 SC5 S2\" id=\"t3s_133\">Sm\u00f8gen </span><span class=\"S2725 SC5 S2\" id=\"t3t_133\">2002 </span><span class=\"S2726 SC5 S2\" id=\"t3u_133\">100 % </span><span class=\"S2727 SC5 S2\" id=\"t3v_133\">100 % </span><span class=\"S2728 SC5 S2\" id=\"t3w_133\">Ler\u00f8y Sverige AB </span><span class=\"S2729 SC5 S2\" id=\"t3x_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S272A SC5 S2\" id=\"t3y_133\">Sweden </span><span class=\"S272B SC5 S2\" id=\"t3z_133\">Gothenburg </span><span class=\"S272C SC5 S2\" id=\"t40_133\">2001 </span><span class=\"S272D SC5 S2\" id=\"t41_133\">100 % </span><span class=\"S272E SC5 S2\" id=\"t42_133\">100 % </span><span class=\"S272F SC5 S2\" id=\"t43_133\">Ler\u00f8y Trondheim AS </span><span class=\"S2730 SC5 S2\" id=\"t44_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2731 SC5 S2\" id=\"t45_133\">Norway </span><span class=\"S2732 SC5 S2\" id=\"t46_133\">Trondheim </span><span class=\"S2733 SC5 S2\" id=\"t47_133\">2006 </span><span class=\"S2734 SC5 S2\" id=\"t48_133\">100 % </span><span class=\"S2735 SC5 S2\" id=\"t49_133\">0 % </span><span class=\"S2736 S269C S2\" id=\"t4a_133\">6) </span><span class=\"S2737 SC5 S2\" id=\"t4b_133\">Ler\u00f8y Turkey </span><span class=\"S2738 SC5 S2\" id=\"t4c_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2739 SC5 S2\" id=\"t4d_133\">Turkey </span><span class=\"S273A SC5 S2\" id=\"t4e_133\">Istanbul </span><span class=\"S273B SC5 S2\" id=\"t4f_133\">2015 </span><span class=\"S273C SC5 S2\" id=\"t4g_133\">100 % </span><span class=\"S273D SC5 S2\" id=\"t4h_133\">100 % </span><span class=\"S273E SC5 S2\" id=\"t4i_133\">Nigra Fiskeeksport A/S </span><span class=\"S273F SC5 S2\" id=\"t4j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2740 SC5 S2\" id=\"t4k_133\">Denmark </span><span class=\"S2741 SC5 S2\" id=\"t4l_133\">Hj\u00f8rring </span><span class=\"S2742 SC5 S2\" id=\"t4m_133\">2021 </span><span class=\"S2743 SC5 S2\" id=\"t4n_133\">100 % </span><span class=\"S2744 SC5 S2\" id=\"t4o_133\">100 % </span><span class=\"S2745 SC5 S2\" id=\"t4p_133\">Ove Johnsen.Fisk en gros ApS </span><span class=\"S2746 SC5 S2\" id=\"t4q_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2747 SC5 S2\" id=\"t4r_133\">Denmark </span><span class=\"S2748 SC5 S2\" id=\"t4s_133\">K\u00f8benhavn </span><span class=\"S2749 SC5 S2\" id=\"t4t_133\">2021 </span><span class=\"S274A SC5 S2\" id=\"t4u_133\">100 % </span><span class=\"S274B SC5 S2\" id=\"t4v_133\">100 % </span><span class=\"S274C SC5 S2\" id=\"t4w_133\">P. Taabbel &amp; Co A/S </span><span class=\"S274D SC5 S2\" id=\"t4x_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S274E SC5 S2\" id=\"t4y_133\">Denmark </span><span class=\"S274F SC5 S2\" id=\"t4z_133\">Thisted </span><span class=\"S2750 SC5 S2\" id=\"t50_133\">2021 </span><span class=\"S2751 SC5 S2\" id=\"t51_133\">100 % </span><span class=\"S2752 SC5 S2\" id=\"t52_133\">100 % </span><span class=\"S2753 SC5 S2\" id=\"t53_133\">SAS Eurosalmon </span><span class=\"S2754 SC5 S2\" id=\"t54_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2755 SC5 S2\" id=\"t55_133\">France </span><span class=\"S2756 SC5 S2\" id=\"t56_133\">Saint Jean </span><span class=\"S2757 SC5 S2\" id=\"t57_133\">d\u2019Ardi\u00e8res </span><span class=\"S2758 SC5 S2\" id=\"t58_133\">2008 </span><span class=\"S2759 SC5 S2\" id=\"t59_133\">100 % </span><span class=\"S275A SC5 S2\" id=\"t5a_133\">100 % </span><span class=\"S275B SC5 S2\" id=\"t5b_133\">SAS Fishcut </span><span class=\"S275C SC5 S2\" id=\"t5c_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S275D SC5 S2\" id=\"t5d_133\">France </span><span class=\"S275E SC5 S2\" id=\"t5e_133\">Saint Laurent </span><span class=\"S275F SC5 S2\" id=\"t5f_133\">Blangy </span><span class=\"S2760 SC5 S2\" id=\"t5g_133\">2008 </span><span class=\"S2761 SC5 S2\" id=\"t5h_133\">100 % </span><span class=\"S2762 SC5 S2\" id=\"t5i_133\">100 % </span><span class=\"S2763 SC5 S2\" id=\"t5j_133\">SAS Ler\u00f8y Seafood France </span><span class=\"S2764 SC5 S2\" id=\"t5k_133\">Ler\u00f8y Seafood AS </span><span class=\"S2765 SC5 S2\" id=\"t5l_133\">France </span><span class=\"S2766 SC5 S2\" id=\"t5m_133\">Boulogne </span><span class=\"S2767 SC5 S2\" id=\"t5n_133\">2008 </span><span class=\"S2768 SC5 S2\" id=\"t5o_133\">100 % </span><span class=\"S2769 SC5 S2\" id=\"t5p_133\">100 % </span><span class=\"S276A SC5 S2\" id=\"t5q_133\">Scan Fish Danmark A/S </span><span class=\"S276B SC5 S2\" id=\"t5r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S276C SC5 S2\" id=\"t5s_133\">Denmark </span><span class=\"S276D SC5 S2\" id=\"t5t_133\">Thisted </span><span class=\"S276E SC5 S2\" id=\"t5u_133\">2021 </span><span class=\"S276F SC5 S2\" id=\"t5v_133\">100 % </span><span class=\"S2770 SC5 S2\" id=\"t5w_133\">100 % </span><span class=\"S2771 SC5 S2\" id=\"t5x_133\">Sirevaag AS </span><span class=\"S2772 SC5 S2\" id=\"t5y_133\">Ler\u00f8y Delico AS </span><span class=\"S2773 SC5 S2\" id=\"t5z_133\">Norway </span><span class=\"S2774 SC5 S2\" id=\"t60_133\">H\u00e5 </span><span class=\"S2775 SC5 S2\" id=\"t61_133\">2006 </span><span class=\"S2776 SC5 S2\" id=\"t62_133\">100 % </span><span class=\"S2777 SC5 S2\" id=\"t63_133\">100 % </span><span class=\"S2778 SC5 S2\" id=\"t64_133\">Sj\u00f8mathuset AS </span><span class=\"S2779 SC5 S2\" id=\"t65_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S277A SC5 S2\" id=\"t66_133\">Norway </span><span class=\"S277B SC5 S2\" id=\"t67_133\">Oslo </span><span class=\"S277C SC5 S2\" id=\"t68_133\">2006 </span><span class=\"S277D SC5 S2\" id=\"t69_133\">100 % </span><span class=\"S277E SC5 S2\" id=\"t6a_133\">100 % </span><span class=\"S277F SC5 S2\" id=\"t6b_133\">Thor\ufb01sk A/S </span><span class=\"S2780 SC5 S2\" id=\"t6c_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2781 SC5 S2\" id=\"t6d_133\">Denmark </span><span class=\"S2782 SC5 S2\" id=\"t6e_133\">Norddjurs </span><span class=\"S2783 SC5 S2\" id=\"t6f_133\">2021 </span><span class=\"S2784 SC5 S2\" id=\"t6g_133\">100 % </span><span class=\"S2785 SC5 S2\" id=\"t6h_133\">100 % </span><span class=\"S2786 SC5 S2\" id=\"t6i_133\">Wannebo International AS </span><span class=\"S2787 SC5 S2\" id=\"t6j_133\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2788 SC5 S2\" id=\"t6k_133\">Norway </span><span class=\"S2789 SC5 S2\" id=\"t6l_133\">Hj\u00f8rring </span><span class=\"S278A SC5 S2\" id=\"t6m_133\">2021 </span><span class=\"S278B SC5 S2\" id=\"t6n_133\">100 % </span><span class=\"S278C SC5 S2\" id=\"t6o_133\">100 % </span><span class=\"S278D SC4 S2\" id=\"t6p_133\">Not allocated </span><span class=\"S278E SC5 S2\" id=\"t6q_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S278F SAF1 S2\" id=\"t6r_133\">See note on shareholder information </span><span class=\"S2790 SC5 S2\" id=\"t6s_133\">Bergen </span><span class=\"S2791 SC5 S2\" id=\"t6t_133\">1995 </span><span class=\"S2792 SC5 S2\" id=\"t6u_133\">Preline Fishfarming Sys. AS </span><span class=\"S2793 SC5 S2\" id=\"t6v_133\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2794 SC5 S2\" id=\"t6w_133\">Norway </span><span class=\"S2795 SC5 S2\" id=\"t6x_133\">Bergen </span><span class=\"S2796 SC5 S2\" id=\"t6y_133\">2015 </span><span class=\"S2797 SC5 S2\" id=\"t6z_133\">96 % </span><span class=\"S2798 SC5 S2\" id=\"t70_133\">96 % </span><span class=\"S2799 SC4 S2\" id=\"t71_133\">Comments on changes </span><span class=\"S279A SC5 S2\" id=\"t72_133\">1) </span><span class=\"S279B SC5 S2\" id=\"t73_133\">Transactions with non-controlling interests </span><span class=\"S279C SC5 S2\" id=\"t74_133\">2) </span><span class=\"S279D SC5 S2\" id=\"t75_133\">Change in owership within the group </span><span class=\"S279E SC5 S2\" id=\"t76_133\">3) </span><span class=\"S279F SC5 S2\" id=\"t77_133\">Foundation of new company </span><span class=\"S27A0 SC5 S2\" id=\"t78_133\">4) </span><span class=\"S27A1 SC5 S2\" id=\"t79_133\">Business combination - Change from associated company to subsidiary </span><span class=\"S27A2 SC5 S2\" id=\"t7a_133\">5) </span><span class=\"S27A3 SC5 S2\" id=\"t7b_133\">Business combination - New company acquired </span><span class=\"S27A4 SC5 S2\" id=\"t7c_133\">6) </span><span class=\"S27A5 SC5 S2\" id=\"t7d_133\">Parent\u2013subsidiary merger </span><span class=\"S27A6 SC5 S2\" id=\"t7e_133\">7) </span><span class=\"S27A7 SC5 S2\" id=\"t7f_133\">Sale of company </span><span class=\"S27A8 SC5 S2\" id=\"t7g_133\">8) </span><span class=\"S27A9 SC5 S2\" id=\"t7h_133\">Liquidation of company </span><span class=\"S27AA SC5 S2\" id=\"t7i_133\">* Foundation date. The companies were part of \u00abthe old Ler\u00f8y group\u00bb before Ler\u00f8y Seafood Group ASA was founded in 1995 </span><span class=\"S27AB SC5 S2\" id=\"t7j_133\">** The company has changed its name this year. See below for details. </span><span class=\"S27AC SC4 S2\" id=\"t7k_133\">Overview of companies that have changed their names in 2022 </span><span class=\"S27AD SAF1 S2\" id=\"t7l_133\">New name </span><span class=\"S27AE SAF1 S2\" id=\"t7m_133\">Old name </span><span class=\"S27AF SAF1 S2\" id=\"t7n_133\">Country </span><span class=\"S27B0 SC5 S2\" id=\"t7o_133\">Ler\u00f8y Norge AS </span><span class=\"S27B1 SC5 S2\" id=\"t7p_133\">Laks- &amp; Vildtcentralen AS </span><span class=\"S27B2 SC5 S2\" id=\"t7q_133\">Norway </span><span class=\"S27B3 SC5 S2\" id=\"t7r_133\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S27B4 SC5 S2\" id=\"t7s_133\">Seafood Danmark A/S </span><span class=\"S27B5 SC5 S2\" id=\"t7t_133\">Denmark </span><span class=\"S2627 SC4 S2\" id=\"t6q_132\">Value-added processing (VAP), sales and distribution </span><span class=\"S2628 SC5 S2\" id=\"t6r_132\">Brdr.Schlie`s Fiskeeksp. A/S </span><span class=\"S2629 SC5 S2\" id=\"t6s_132\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S262A SC5 S2\" id=\"t6t_132\">Denmark </span><span class=\"S262B SC5 S2\" id=\"t6u_132\">Hj\u00f8rring </span><span class=\"S262C SC5 S2\" id=\"t6v_132\">2021 </span><span class=\"S262D SC5 S2\" id=\"t6w_132\">100 % </span><span class=\"S262E SC5 S2\" id=\"t6x_132\">100 % </span><span class=\"S262F SC5 S2\" id=\"t6y_132\">Drag\u00f8y Grossist AS </span><span class=\"S2630 SC5 S2\" id=\"t6z_132\">Ler\u00f8y Nord AS </span><span class=\"S2631 SC5 S2\" id=\"t70_132\">Norway </span><span class=\"S2632 SC5 S2\" id=\"t71_132\">Troms\u00f8 </span><span class=\"S2633 SC5 S2\" id=\"t72_132\">2021 </span><span class=\"S2634 SC5 S2\" id=\"t73_132\">51 % </span><span class=\"S2635 SC5 S2\" id=\"t74_132\">51 % </span><span class=\"S2636 SC5 S2\" id=\"t75_132\">Leroy Culinair B.V. </span><span class=\"S2637 SC5 S2\" id=\"t76_132\">Rode Retail B.V. </span><span class=\"S2638 SC5 S2\" id=\"t77_132\">Netherlands </span><span class=\"S2639 SC5 S2\" id=\"t78_132\">Urk </span><span class=\"S263A SC5 S2\" id=\"t79_132\">2012 </span><span class=\"S263B SC5 S2\" id=\"t7a_132\">100 % </span><span class=\"S263C SC5 S2\" id=\"t7b_132\">100 % </span><span class=\"S263D SC5 S2\" id=\"t7c_132\">Leroy Germany GmbH </span><span class=\"S263E SC5 S2\" id=\"t7d_132\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S263F SC5 S2\" id=\"t7e_132\">Germany </span><span class=\"S2640 SC5 S2\" id=\"t7f_132\">Witten </span><span class=\"S2641 SC5 S2\" id=\"t7g_132\">2015 </span><span class=\"S2642 SC5 S2\" id=\"t7h_132\">100 % </span><span class=\"S2643 SC5 S2\" id=\"t7i_132\">100 % </span><span class=\"S2644 SC5 S2\" id=\"t7j_132\">Leroy Processing Canarias SL </span><span class=\"S2645 SC5 S2\" id=\"t7k_132\">Ler\u00f8y Processing Spain SL </span><span class=\"S2646 SC5 S2\" id=\"t7l_132\">Spain </span><span class=\"S2647 SC5 S2\" id=\"t7m_132\">Canarias </span><span class=\"S2648 SC5 S2\" id=\"t7n_132\">2020 </span><span class=\"S2649 SC5 S2\" id=\"t7o_132\">100 % </span><span class=\"S264A SC5 S2\" id=\"t7p_132\">100 % </span><span class=\"S264B SC5 S2\" id=\"t7q_132\">Leroy Seafood Italy SRL </span><span class=\"S264C SC5 S2\" id=\"t7r_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S264D SC5 S2\" id=\"t7s_132\">Italy </span><span class=\"S264E SC5 S2\" id=\"t7t_132\">Porto Viro </span><span class=\"S264F SC5 S2\" id=\"t7u_132\">2019 </span><span class=\"S2650 SC5 S2\" id=\"t7v_132\">100 % </span><span class=\"S2651 SC5 S2\" id=\"t7w_132\">100 % </span><span class=\"S2652 SC5 S2\" id=\"t7x_132\">Leroy Seafood USA Inc </span><span class=\"S2653 SC5 S2\" id=\"t7y_132\">Ler\u00f8y Seafood AS </span><span class=\"S2654 SC5 S2\" id=\"t7z_132\">USA </span><span class=\"S2655 SC5 S2\" id=\"t80_132\">North </span><span class=\"S2656 SC5 S2\" id=\"t81_132\">Carolina </span><span class=\"S2657 SC5 S2\" id=\"t82_132\">2016 </span><span class=\"S2658 SC5 S2\" id=\"t83_132\">100 % </span><span class=\"S2659 SC5 S2\" id=\"t84_132\">100 % </span><span class=\"S265A SC5 S2\" id=\"t85_132\">Ler\u00f8y &amp; Strudshavn AS </span><span class=\"S265B SC5 S2\" id=\"t86_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S265C SC5 S2\" id=\"t87_132\">Norway </span><span class=\"S265D SC5 S2\" id=\"t88_132\">Bergen </span><span class=\"S265E SC5 S2\" id=\"t89_132\">1927 * </span><span class=\"S265F SC5 S2\" id=\"t8a_132\">100 % </span><span class=\"S2660 SC5 S2\" id=\"t8b_132\">100 % </span><span class=\"S2661 SC5 S2\" id=\"t8c_132\">Ler\u00f8y Alfheim AS </span><span class=\"S2662 SC5 S2\" id=\"t8d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2663 SC5 S2\" id=\"t8e_132\">Norway </span><span class=\"S2664 SC5 S2\" id=\"t8f_132\">Bergen </span><span class=\"S2665 SC5 S2\" id=\"t8g_132\">2005 </span><span class=\"S2666 SC5 S2\" id=\"t8h_132\">100 % </span><span class=\"S2667 SC5 S2\" id=\"t8i_132\">0 % </span><span class=\"S2668 S269C S2\" id=\"t8j_132\">6) </span><span class=\"S2669 SC5 S2\" id=\"t8k_132\">Ler\u00f8y Bulandet AS </span><span class=\"S266A SC5 S2\" id=\"t8l_132\">Ler\u00f8y Seafood AS </span><span class=\"S266B SC5 S2\" id=\"t8m_132\">Norway </span><span class=\"S266C SC5 S2\" id=\"t8n_132\">Askvoll </span><span class=\"S266D SC5 S2\" id=\"t8o_132\">2005 </span><span class=\"S266E SC5 S2\" id=\"t8p_132\">83 % </span><span class=\"S266F SC5 S2\" id=\"t8q_132\">83 % </span><span class=\"S2670 SC5 S2\" id=\"t8r_132\">Ler\u00f8y Delico AS </span><span class=\"S2671 SC5 S2\" id=\"t8s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2672 SC5 S2\" id=\"t8t_132\">Norway </span><span class=\"S2673 SC5 S2\" id=\"t8u_132\">Stavanger </span><span class=\"S2674 SC5 S2\" id=\"t8v_132\">2006 </span><span class=\"S2675 SC5 S2\" id=\"t8w_132\">100 % </span><span class=\"S2676 SC5 S2\" id=\"t8x_132\">0 % </span><span class=\"S2677 S269C S2\" id=\"t8y_132\">6) </span><span class=\"S2678 SC5 S2\" id=\"t8z_132\">Ler\u00f8y Finland OY </span><span class=\"S2679 SC5 S2\" id=\"t90_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S267A SC5 S2\" id=\"t91_132\">Finland </span><span class=\"S267B SC5 S2\" id=\"t92_132\">Turku </span><span class=\"S267C SC5 S2\" id=\"t93_132\">2011 </span><span class=\"S267D SC5 S2\" id=\"t94_132\">100 % </span><span class=\"S267E SC5 S2\" id=\"t95_132\">100 % </span><span class=\"S267F SC5 S2\" id=\"t96_132\">Ler\u00f8y Fossen AS </span><span class=\"S2680 SC5 S2\" id=\"t97_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2681 SC5 S2\" id=\"t98_132\">Norway </span><span class=\"S2682 SC5 S2\" id=\"t99_132\">Bergen </span><span class=\"S2683 SC5 S2\" id=\"t9a_132\">2006 </span><span class=\"S2684 SC5 S2\" id=\"t9b_132\">100 % </span><span class=\"S2685 SC5 S2\" id=\"t9c_132\">100 % </span><span class=\"S2686 SC5 S2\" id=\"t9d_132\">Ler\u00f8y Nord AS </span><span class=\"S2687 SC5 S2\" id=\"t9e_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2688 SC5 S2\" id=\"t9f_132\">Norway </span><span class=\"S2689 SC5 S2\" id=\"t9g_132\">Troms\u00f8 </span><span class=\"S268A SC5 S2\" id=\"t9h_132\">2015 </span><span class=\"S268B SC5 S2\" id=\"t9i_132\">51 % </span><span class=\"S268C SC5 S2\" id=\"t9j_132\">51 % </span><span class=\"S268D SC5 S2\" id=\"t9k_132\">Ler\u00f8y Norge AS ** </span><span class=\"S268E SC5 S2\" id=\"t9l_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S268F SC5 S2\" id=\"t9m_132\">Norway </span><span class=\"S2690 SC5 S2\" id=\"t9n_132\">Oslo </span><span class=\"S2691 SC5 S2\" id=\"t9o_132\">2018 </span><span class=\"S2692 SC5 S2\" id=\"t9p_132\">100 % </span><span class=\"S2693 SC5 S2\" id=\"t9q_132\">100 % </span><span class=\"S2694 SC5 S2\" id=\"t9r_132\">Ler\u00f8y Portugal Lda </span><span class=\"S2695 SC5 S2\" id=\"t9s_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2696 SC5 S2\" id=\"t9t_132\">Portugal </span><span class=\"S2697 SC5 S2\" id=\"t9u_132\">Lisboa </span><span class=\"S2698 SC5 S2\" id=\"t9v_132\">2005 </span><span class=\"S2699 SC5 S2\" id=\"t9w_132\">100 % </span><span class=\"S269A SC5 S2\" id=\"t9x_132\">100 % </span><span class=\"S2381 S18EC S2\" id=\"ta5_132\">NOTE 4 </span><span class=\"S269B S18EC S2\" id=\"ta6_132\">Consolidated companies and allocation to operating segment </span><span class=\"S2536 S108 S2\" id=\"t1_132\">The list below shows which </span><span class=\"S2537 S108 S2\" id=\"t2_132\">companies are included in the </span><span class=\"S2538 S108 S2\" id=\"t3_132\">consolidated \ufb01nancial statements, </span><span class=\"S2539 S108 S2\" id=\"t4_132\">and how these are allocated to </span><span class=\"S253A S108 S2\" id=\"t5_132\">business area and operating </span><span class=\"S253B S108 S2\" id=\"t6_132\">segment. It also shows changes in </span><span class=\"S253C S108 S2\" id=\"t7_132\">ownership through the year. </span><span class=\"S253D S108 S2\" id=\"t8_132\">Reference is made to the note on </span><span class=\"S253E S108 S2\" id=\"t9_132\">subsidiaries in Ler\u00f8y Seafood Group </span><span class=\"S253F S108 S2\" id=\"ta_132\">ASA\u2019s \ufb01nancial statements for more </span><span class=\"S2540 S108 S2\" id=\"tb_132\">detailed information, including book </span><span class=\"S2541 S108 S2\" id=\"tc_132\">values. </span><span class=\"S2542 SC4 S2\" id=\"td_132\">Company </span><span class=\"S2543 SC4 S2\" id=\"te_132\">Ownership </span><span class=\"S2544 SC4 S2\" id=\"tf_132\">Country </span><span class=\"S2545 SC4 S2\" id=\"tg_132\">Registered </span><span class=\"S2546 SC4 S2\" id=\"th_132\">business </span><span class=\"S2547 SC4 S2\" id=\"ti_132\">premises </span><span class=\"S2548 SC4 S2\" id=\"tj_132\">Year of </span><span class=\"S2549 SC4 S2\" id=\"tk_132\">acquisition </span><span class=\"S254A SC4 S2\" id=\"tl_132\">Share </span><span class=\"S254B SC4 S2\" id=\"tm_132\">01.01 </span><span class=\"S254C SC4 S2\" id=\"tn_132\">Share </span><span class=\"S254D SC4 S2\" id=\"to_132\">31.12 </span><span class=\"S254E SC4 S2\" id=\"tp_132\">Wild catch </span><span class=\"S254F SC5 S2\" id=\"tq_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2550 SC5 S2\" id=\"tr_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2551 SC5 S2\" id=\"ts_132\">Norway </span><span class=\"S2552 SC5 S2\" id=\"tt_132\">\u00c5lesund </span><span class=\"S2553 SC5 S2\" id=\"tu_132\">2016 </span><span class=\"S2554 SC5 S2\" id=\"tv_132\">100 % </span><span class=\"S2555 SC5 S2\" id=\"tw_132\">100 % </span><span class=\"S2556 SC5 S2\" id=\"tx_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2557 SC5 S2\" id=\"ty_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2558 SC5 S2\" id=\"tz_132\">Norway </span><span class=\"S2559 SC5 S2\" id=\"t10_132\">B\u00e5tsfjord </span><span class=\"S255A SC5 S2\" id=\"t11_132\">2016 </span><span class=\"S255B SC5 S2\" id=\"t12_132\">100 % </span><span class=\"S255C SC5 S2\" id=\"t13_132\">100 % </span><span class=\"S255D SC5 S2\" id=\"t14_132\">Melbu Fryselager AS </span><span class=\"S255E SC5 S2\" id=\"t15_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S255F SC5 S2\" id=\"t16_132\">Norway </span><span class=\"S2560 SC5 S2\" id=\"t17_132\">Hadsel </span><span class=\"S2561 SC5 S2\" id=\"t18_132\">2016 </span><span class=\"S2562 SC5 S2\" id=\"t19_132\">100 % </span><span class=\"S2563 SC5 S2\" id=\"t1a_132\">100 % </span><span class=\"S2564 SC5 S2\" id=\"t1b_132\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S2565 SC5 S2\" id=\"t1c_132\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2566 SC5 S2\" id=\"t1d_132\">Norway </span><span class=\"S2567 SC5 S2\" id=\"t1e_132\">Hasvik </span><span class=\"S2568 SC5 S2\" id=\"t1f_132\">2016 </span><span class=\"S2569 SC5 S2\" id=\"t1g_132\">51 % </span><span class=\"S256A SC5 S2\" id=\"t1h_132\">51 % </span><span class=\"S256B SC5 S2\" id=\"t1i_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S256C SC5 S2\" id=\"t1j_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S256D SC5 S2\" id=\"t1k_132\">Norway </span><span class=\"S256E SC5 S2\" id=\"t1l_132\">Hammerfest </span><span class=\"S256F SC5 S2\" id=\"t1m_132\">2016 </span><span class=\"S2570 SC5 S2\" id=\"t1n_132\">100 % </span><span class=\"S2571 SC5 S2\" id=\"t1o_132\">100 % </span><span class=\"S2572 SC5 S2\" id=\"t1p_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2573 SC5 S2\" id=\"t1q_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2574 SC5 S2\" id=\"t1r_132\">Norway </span><span class=\"S2575 SC5 S2\" id=\"t1s_132\">Hadsel </span><span class=\"S2576 SC5 S2\" id=\"t1t_132\">2016 </span><span class=\"S2577 SC5 S2\" id=\"t1u_132\">100 % </span><span class=\"S2578 SC5 S2\" id=\"t1v_132\">100 % </span><span class=\"S2579 SC5 S2\" id=\"t1w_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S257A SC5 S2\" id=\"t1x_132\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S257B SC5 S2\" id=\"t1y_132\">Norway </span><span class=\"S257C SC5 S2\" id=\"t1z_132\">Vestv\u00e5g\u00f8y </span><span class=\"S257D SC5 S2\" id=\"t20_132\">2016 </span><span class=\"S257E SC5 S2\" id=\"t21_132\">100 % </span><span class=\"S257F SC5 S2\" id=\"t22_132\">100 % </span><span class=\"S2580 SC5 S2\" id=\"t23_132\">Nordland Hav\ufb01ske AS </span><span class=\"S2581 SC5 S2\" id=\"t24_132\">Hav\ufb01sk Stamsund AS </span><span class=\"S2582 SC5 S2\" id=\"t25_132\">Norway </span><span class=\"S2583 SC5 S2\" id=\"t26_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2584 SC5 S2\" id=\"t27_132\">2016 </span><span class=\"S2585 SC5 S2\" id=\"t28_132\">53 % </span><span class=\"S2586 SC5 S2\" id=\"t29_132\">53 % </span><span class=\"S2587 SC5 S2\" id=\"t2a_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2588 SC5 S2\" id=\"t2b_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S2589 SC5 S2\" id=\"t2c_132\">Norway </span><span class=\"S258A SC5 S2\" id=\"t2d_132\">Hammerfest </span><span class=\"S258B SC5 S2\" id=\"t2e_132\">2016 </span><span class=\"S258C SC5 S2\" id=\"t2f_132\">6 % </span><span class=\"S258D SC5 S2\" id=\"t2g_132\">6 % </span><span class=\"S258E SC5 S2\" id=\"t2h_132\">Nordland Hav\ufb01ske AS </span><span class=\"S258F SC5 S2\" id=\"t2i_132\">Hav\ufb01sk Melbu AS </span><span class=\"S2590 SC5 S2\" id=\"t2j_132\">Norway </span><span class=\"S2591 SC5 S2\" id=\"t2k_132\">Vestv\u00e5g\u00f8y </span><span class=\"S2592 SC5 S2\" id=\"t2l_132\">2016 </span><span class=\"S2593 SC5 S2\" id=\"t2m_132\">47 % </span><span class=\"S2594 SC5 S2\" id=\"t2n_132\">47 % </span><span class=\"S2595 SC5 S2\" id=\"t2o_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S2596 SC5 S2\" id=\"t2p_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S2597 SC5 S2\" id=\"t2q_132\">Norway </span><span class=\"S2598 SC5 S2\" id=\"t2r_132\">Hammerfest </span><span class=\"S2599 SC5 S2\" id=\"t2s_132\">2016 </span><span class=\"S259A SC5 S2\" id=\"t2t_132\">78 % </span><span class=\"S259B SC5 S2\" id=\"t2u_132\">78 % </span><span class=\"S259C SC5 S2\" id=\"t2v_132\">Hammerfest Industri\ufb01ske AS </span><span class=\"S259D SC5 S2\" id=\"t2w_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S259E SC5 S2\" id=\"t2x_132\">Norway </span><span class=\"S259F SC5 S2\" id=\"t2y_132\">Hammerfest </span><span class=\"S25A0 SC5 S2\" id=\"t2z_132\">2016 </span><span class=\"S25A1 SC5 S2\" id=\"t30_132\">60 % </span><span class=\"S25A2 SC5 S2\" id=\"t31_132\">60 % </span><span class=\"S25A3 SC5 S2\" id=\"t32_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25A4 SC5 S2\" id=\"t33_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25A5 SC5 S2\" id=\"t34_132\">Norway </span><span class=\"S25A6 SC5 S2\" id=\"t35_132\">B\u00e5tsfjord </span><span class=\"S25A7 SC5 S2\" id=\"t36_132\">2016 </span><span class=\"S25A8 SC5 S2\" id=\"t37_132\">100 % </span><span class=\"S25A9 SC5 S2\" id=\"t38_132\">100 % </span><span class=\"S25AA SC5 S2\" id=\"t39_132\">Hav\ufb01sk Management AS </span><span class=\"S25AB SC5 S2\" id=\"t3a_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25AC SC5 S2\" id=\"t3b_132\">Norway </span><span class=\"S25AD SC5 S2\" id=\"t3c_132\">Hammerfest </span><span class=\"S25AE SC5 S2\" id=\"t3d_132\">2016 </span><span class=\"S25AF SC5 S2\" id=\"t3e_132\">100 % </span><span class=\"S25B0 SC5 S2\" id=\"t3f_132\">100 % </span><span class=\"S25B1 SC5 S2\" id=\"t3g_132\">Hav\ufb01sk Nordkyn AS </span><span class=\"S25B2 SC5 S2\" id=\"t3h_132\">Hav\ufb01sk Finnmark AS </span><span class=\"S25B3 SC5 S2\" id=\"t3i_132\">Norway </span><span class=\"S25B4 SC5 S2\" id=\"t3j_132\">Lebesby </span><span class=\"S25B5 SC5 S2\" id=\"t3k_132\">2016 </span><span class=\"S25B6 SC5 S2\" id=\"t3l_132\">100 % </span><span class=\"S25B7 SC5 S2\" id=\"t3m_132\">100 % </span><span class=\"S25B8 SC5 S2\" id=\"t3n_132\">Finnmark Hav\ufb01ske AS </span><span class=\"S25B9 SC5 S2\" id=\"t3o_132\">Hav\ufb01sk B\u00e5tsfjord AS </span><span class=\"S25BA SC5 S2\" id=\"t3p_132\">Norway </span><span class=\"S25BB SC5 S2\" id=\"t3q_132\">Hammerfest </span><span class=\"S25BC SC5 S2\" id=\"t3r_132\">2016 </span><span class=\"S25BD SC5 S2\" id=\"t3s_132\">13 % </span><span class=\"S25BE SC5 S2\" id=\"t3t_132\">13 % </span><span class=\"S25BF SC4 S2\" id=\"t3u_132\">Farming </span><span class=\"S25C0 SC5 S2\" id=\"t3v_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C1 SC5 S2\" id=\"t3w_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25C2 SC5 S2\" id=\"t3x_132\">Norway </span><span class=\"S25C3 SC5 S2\" id=\"t3y_132\">Troms\u00f8 </span><span class=\"S25C4 SC5 S2\" id=\"t3z_132\">2005 </span><span class=\"S25C5 SC5 S2\" id=\"t40_132\">100 % </span><span class=\"S25C6 SC5 S2\" id=\"t41_132\">100 % </span><span class=\"S25C7 SC5 S2\" id=\"t42_132\">Ler\u00f8y Aurora 2 AS </span><span class=\"S25C8 SC5 S2\" id=\"t43_132\">Ler\u00f8y Aurora AS </span><span class=\"S25C9 SC5 S2\" id=\"t44_132\">Norway </span><span class=\"S25CA SC5 S2\" id=\"t45_132\">Troms\u00f8 </span><span class=\"S25CB SC5 S2\" id=\"t46_132\">2022 </span><span class=\"S25CC SC5 S2\" id=\"t47_132\">0 % </span><span class=\"S25CD SC5 S2\" id=\"t48_132\">100 % </span><span class=\"S25CE S269C S2\" id=\"t49_132\">3) </span><span class=\"S25CF SC5 S2\" id=\"t4a_132\">Ler\u00f8y Midt AS </span><span class=\"S25D0 SC5 S2\" id=\"t4b_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25D1 SC5 S2\" id=\"t4c_132\">Norway </span><span class=\"S25D2 SC5 S2\" id=\"t4d_132\">Hitra </span><span class=\"S25D3 SC5 S2\" id=\"t4e_132\">2003 </span><span class=\"S25D4 SC5 S2\" id=\"t4f_132\">100 % </span><span class=\"S25D5 SC5 S2\" id=\"t4g_132\">100 % </span><span class=\"S25D6 SC5 S2\" id=\"t4h_132\">Ler\u00f8y Midt 2 AS </span><span class=\"S25D7 SC5 S2\" id=\"t4i_132\">Ler\u00f8y Midt AS </span><span class=\"S25D8 SC5 S2\" id=\"t4j_132\">Norway </span><span class=\"S25D9 SC5 S2\" id=\"t4k_132\">Hitra </span><span class=\"S25DA SC5 S2\" id=\"t4l_132\">2022 </span><span class=\"S25DB SC5 S2\" id=\"t4m_132\">0 % </span><span class=\"S25DC SC5 S2\" id=\"t4n_132\">100 % </span><span class=\"S25DD S269C S2\" id=\"t4o_132\">3) </span><span class=\"S25DE SC5 S2\" id=\"t4p_132\">Ler\u00f8y Vest AS </span><span class=\"S25DF SC5 S2\" id=\"t4q_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25E0 SC5 S2\" id=\"t4r_132\">Norway </span><span class=\"S25E1 SC5 S2\" id=\"t4s_132\">Austevoll </span><span class=\"S25E2 SC5 S2\" id=\"t4t_132\">2007 </span><span class=\"S25E3 SC5 S2\" id=\"t4u_132\">100 % </span><span class=\"S25E4 SC5 S2\" id=\"t4v_132\">100 % </span><span class=\"S25E5 SC5 S2\" id=\"t4w_132\">Ler\u00f8y Vest 2 AS </span><span class=\"S25E6 SC5 S2\" id=\"t4x_132\">Ler\u00f8y Vest AS </span><span class=\"S25E7 SC5 S2\" id=\"t4y_132\">Norway </span><span class=\"S25E8 SC5 S2\" id=\"t4z_132\">Austevoll </span><span class=\"S25E9 SC5 S2\" id=\"t50_132\">2022 </span><span class=\"S25EA SC5 S2\" id=\"t51_132\">0 % </span><span class=\"S25EB SC5 S2\" id=\"t52_132\">100 % </span><span class=\"S25EC S269C S2\" id=\"t53_132\">3) </span><span class=\"S25ED SC5 S2\" id=\"t54_132\">Ler\u00f8y Vest Kraft AS </span><span class=\"S25EE SC5 S2\" id=\"t55_132\">Ler\u00f8y Vest AS </span><span class=\"S25EF SC5 S2\" id=\"t56_132\">Norway </span><span class=\"S25F0 SC5 S2\" id=\"t57_132\">Austevoll </span><span class=\"S25F1 SC5 S2\" id=\"t58_132\">2022 </span><span class=\"S25F2 SC5 S2\" id=\"t59_132\">0 % </span><span class=\"S25F3 SC5 S2\" id=\"t5a_132\">100 % </span><span class=\"S25F4 S269C S2\" id=\"t5b_132\">5) </span><span class=\"S25F5 SC5 S2\" id=\"t5c_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25F6 SC5 S2\" id=\"t5d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S25F7 SC5 S2\" id=\"t5e_132\">Norway </span><span class=\"S25F8 SC5 S2\" id=\"t5f_132\">Austevoll </span><span class=\"S25F9 SC5 S2\" id=\"t5g_132\">2010 </span><span class=\"S25FA SC5 S2\" id=\"t5h_132\">51 % </span><span class=\"S25FB SC5 S2\" id=\"t5i_132\">51 % </span><span class=\"S25FC SC5 S2\" id=\"t5j_132\">Sj\u00f8troll Havbruk 2 AS </span><span class=\"S25FD SC5 S2\" id=\"t5k_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S25FE SC5 S2\" id=\"t5l_132\">Norway </span><span class=\"S25FF SC5 S2\" id=\"t5m_132\">Austevoll </span><span class=\"S2600 SC5 S2\" id=\"t5n_132\">2022 </span><span class=\"S2601 SC5 S2\" id=\"t5o_132\">0 % </span><span class=\"S2602 SC5 S2\" id=\"t5p_132\">100 % </span><span class=\"S2603 S269C S2\" id=\"t5q_132\">3) </span><span class=\"S2604 SC5 S2\" id=\"t5r_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S2605 SC5 S2\" id=\"t5s_132\">Ler\u00f8y Vest AS </span><span class=\"S2606 SC5 S2\" id=\"t5t_132\">Norway </span><span class=\"S2607 SC5 S2\" id=\"t5u_132\">Austevoll </span><span class=\"S2608 SC5 S2\" id=\"t5v_132\">2017 </span><span class=\"S2609 SC5 S2\" id=\"t5w_132\">50 % </span><span class=\"S260A SC5 S2\" id=\"t5x_132\">50 % </span><span class=\"S260B SC5 S2\" id=\"t5y_132\">Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS </span><span class=\"S260C SC5 S2\" id=\"t5z_132\">Sj\u00f8troll Havbruk AS </span><span class=\"S260D SC5 S2\" id=\"t60_132\">Norway </span><span class=\"S260E SC5 S2\" id=\"t61_132\">Austevoll </span><span class=\"S260F SC5 S2\" id=\"t62_132\">2017 </span><span class=\"S2610 SC5 S2\" id=\"t63_132\">50 % </span><span class=\"S2611 SC5 S2\" id=\"t64_132\">50 % </span><span class=\"S2612 SC5 S2\" id=\"t65_132\">Norsk Oppdrettsservice AS </span><span class=\"S2613 SC5 S2\" id=\"t66_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2614 SC5 S2\" id=\"t67_132\">Norway </span><span class=\"S2615 SC5 S2\" id=\"t68_132\">Flekkefjord </span><span class=\"S2616 SC5 S2\" id=\"t69_132\">2015 </span><span class=\"S2617 SC5 S2\" id=\"t6a_132\">51 % </span><span class=\"S2618 SC5 S2\" id=\"t6b_132\">51 % </span><span class=\"S2619 SC5 S2\" id=\"t6c_132\">Ler\u00f8y Ocean Harvest AS </span><span class=\"S261A SC5 S2\" id=\"t6d_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S261B SC5 S2\" id=\"t6e_132\">Norway </span><span class=\"S261C SC5 S2\" id=\"t6f_132\">Bergen </span><span class=\"S261D SC5 S2\" id=\"t6g_132\">2018 </span><span class=\"S261E SC5 S2\" id=\"t6h_132\">100 % </span><span class=\"S261F SC5 S2\" id=\"t6i_132\">100 % </span><span class=\"S2620 SC5 S2\" id=\"t6j_132\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2621 SC5 S2\" id=\"t6k_132\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2622 SC5 S2\" id=\"t6l_132\">Norway </span><span class=\"S2623 SC5 S2\" id=\"t6m_132\">Bergen </span><span class=\"S2624 SC5 S2\" id=\"t6n_132\">2021 </span><span class=\"S2625 SC5 S2\" id=\"t6o_132\">100 % </span><span class=\"S2626 SC5 S2\" id=\"t6p_132\">100 % </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f13065": {
   "value": "<span class=\"S27C4 SC4 S2\" id=\"te_134\">Operating revenue </span><span class=\"S194B SC4 S2\" id=\"tf_134\">2022 </span><span class=\"S194C SC4 S2\" id=\"tg_134\">2021 </span><span class=\"S27C5 SC5 S2\" id=\"th_134\">Sale of goods and services </span><span class=\"S27C6 SC5 S2\" id=\"ti_134\">26 640 669 </span><span class=\"S27C7 SC5 S2\" id=\"tj_134\">23 071 652 </span><span class=\"S27C8 SC5 S2\" id=\"tk_134\">Lease income </span><span class=\"S27C9 SC5 S2\" id=\"tl_134\">253 </span><span class=\"S27CA SC5 S2\" id=\"tm_134\">1 416 </span><span class=\"S27CB SC5 S2\" id=\"tn_134\">Damages received </span><span class=\"S27CC SC5 S2\" id=\"to_134\">61 </span><span class=\"S27CD SC5 S2\" id=\"tp_134\">102 </span><span class=\"S27CE SC5 S2\" id=\"tq_134\">Other operating revenue </span><span class=\"S27CF SC5 S2\" id=\"tr_134\">4 894 </span><span class=\"S27D0 SC5 S2\" id=\"ts_134\">110 </span><span class=\"S27D1 SC4 S2\" id=\"tt_134\">Total </span><span class=\"S27D2 SC4 S2\" id=\"tu_134\">26 645 877 </span><span class=\"S27D3 SC4 S2\" id=\"tv_134\">23 073 280 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f13105": {
   "value": "<span class=\"S27E9 SC4 S2\" id=\"t1h_134\">Gain(+)/loss(-) from changes in shares in associated companies </span><span class=\"S27EA SC4 S2\" id=\"t1i_134\">2022 </span><span class=\"S27EB SC4 S2\" id=\"t1j_134\">2021 </span><span class=\"S27EC SC5 S2\" id=\"t1k_134\">Gain(+)/loss(-) from disposal of shares in associated companies </span><span class=\"S27ED SC5 S2\" id=\"t1l_134\">0 </span><span class=\"S27EE SC5 S2\" id=\"t1m_134\">-61 </span><span class=\"S27EF SC5 S2\" id=\"t1n_134\">Gain from re-measurement related to business combination </span><span class=\"S27F0 SC5 S2\" id=\"t1o_134\">0 </span><span class=\"S27F1 SC5 S2\" id=\"t1p_134\">32 063 </span><span class=\"S27F2 SC5 S2\" id=\"t1q_134\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S27F3 SC5 S2\" id=\"t1r_134\">0 </span><span class=\"S27F4 SC5 S2\" id=\"t1s_134\">7 173 </span><span class=\"S27F5 SC4 S2\" id=\"t1t_134\">Total </span><span class=\"S27F6 SC4 S2\" id=\"t1u_134\">0 </span><span class=\"S27F7 SC4 S2\" id=\"t1v_134\">39 175 </span><span class=\"S27F8 SAF1 S2\" id=\"t1w_134\">The gain is mainly concerning the step-by-step business combination with the previous associated company Seafood Danmark A/S </span><span class=\"S3502 S18EC S2\" id=\"t56_154\">NOTE 10 </span><span class=\"S3503 S18EC S2\" id=\"t57_154\">Shares in joint ventures, associates and other investments </span><span class=\"S3452 SC7 S2\" id=\"t1_154\">Shares in joint ventures and associates </span><span class=\"S3453 S1C40 S2\" id=\"t2_154\">Classi\ufb01cation </span><span class=\"S3454 SC8 S2\" id=\"t3_154\">The joint ventures and associated </span><span class=\"S3455 SC8 S2\" id=\"t4_154\">companies in the group are listed in </span><span class=\"S3456 SC8 S2\" id=\"t5_154\">the table below, and each company </span><span class=\"S2229 SC8 S2\" id=\"t6_154\">is allocated to operating segment. </span><span class=\"S1BD2 SC8 S2\" id=\"t7_154\">Changes during the year are also </span><span class=\"S3457 SC8 S2\" id=\"t8_154\">included. Net book value is recognised </span><span class=\"S3458 SC8 S2\" id=\"t9_154\">according to the equity method. </span><span class=\"S3459 SC8 S2\" id=\"ta_154\">The companies de\ufb01ned as joint </span><span class=\"S345A SC8 S2\" id=\"tb_154\">ventures (from 2022) are classi\ufb01ed as </span><span class=\"S2540 SC8 S2\" id=\"tc_154\">material. The remaining companies </span><span class=\"S345B SC8 S2\" id=\"td_154\">are de\ufb01ned as associates, and they </span><span class=\"S345C SC8 S2\" id=\"te_154\">are classi\ufb01ed as not material. </span><span class=\"S345D SC4 S2\" id=\"tf_154\">Company </span><span class=\"S345E SC4 S2\" id=\"tg_154\">Owner (in LSG group) </span><span class=\"S345F SC4 S2\" id=\"th_154\">Operating </span><span class=\"S3460 SC4 S2\" id=\"ti_154\">segment </span><span class=\"S3461 SC4 S2\" id=\"tj_154\">Country </span><span class=\"S3462 SC4 S2\" id=\"tk_154\">Place of </span><span class=\"S3463 SC4 S2\" id=\"tl_154\">business </span><span class=\"S3464 SC4 S2\" id=\"tm_154\">Ownership </span><span class=\"S3465 SC4 S2\" id=\"tn_154\">/voting </span><span class=\"S3466 SC4 S2\" id=\"to_154\">share 01.01 </span><span class=\"S3467 SC4 S2\" id=\"tp_154\">Ownership </span><span class=\"S3468 SC4 S2\" id=\"tq_154\">/voting </span><span class=\"S3469 SC4 S2\" id=\"tr_154\">share 31.12 </span><span class=\"S346A SC4 S2\" id=\"ts_154\">Net book </span><span class=\"S346B SC4 S2\" id=\"tt_154\">value 31.12 </span><span class=\"S346C SC4 S2\" id=\"tu_154\">Joint ventures (JV) </span><span class=\"S346D SC5 S2\" id=\"tv_154\">Norskott Havbruk AS - group </span><span class=\"S346E SC5 S2\" id=\"tw_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S346F SC5 S2\" id=\"tx_154\">Farming </span><span class=\"S3470 SC5 S2\" id=\"ty_154\">Norway </span><span class=\"S3471 SC5 S2\" id=\"tz_154\">Bergen </span><span class=\"S3472 SC5 S2\" id=\"t10_154\">50 % </span><span class=\"S3473 SC5 S2\" id=\"t11_154\">50 % </span><span class=\"S3474 SC5 S2\" id=\"t12_154\">1 152 856 </span><span class=\"S3475 SC5 S2\" id=\"t13_154\">Seistar Holding AS - group </span><span class=\"S3476 SC5 S2\" id=\"t14_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S3477 SC5 S2\" id=\"t15_154\">Farming </span><span class=\"S3478 SC5 S2\" id=\"t16_154\">Norway </span><span class=\"S3479 SC5 S2\" id=\"t17_154\">Austevoll </span><span class=\"S347A SC5 S2\" id=\"t18_154\">50 % </span><span class=\"S347B SC5 S2\" id=\"t19_154\">50 % </span><span class=\"S347C SC5 S2\" id=\"t1a_154\">233 413 </span><span class=\"S347D SC4 S2\" id=\"t1b_154\">Total material associates </span><span class=\"S347E SC5 S2\" id=\"t1c_154\">1 386 269 </span><span class=\"S347F SC4 S2\" id=\"t1d_154\">Associated companies (AC) </span><span class=\"S3480 SC5 S2\" id=\"t1e_154\">Nesset Kyst\ufb01ske AS </span><span class=\"S3481 SC5 S2\" id=\"t1f_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S3482 SC5 S2\" id=\"t1g_154\">Wild catch </span><span class=\"S3483 SC5 S2\" id=\"t1h_154\">Norway </span><span class=\"S3484 SC5 S2\" id=\"t1i_154\">Hasvik </span><span class=\"S3485 SC5 S2\" id=\"t1j_154\">34 % </span><span class=\"S3486 SC5 S2\" id=\"t1k_154\">34 % </span><span class=\"S3487 SC5 S2\" id=\"t1l_154\">936 </span><span class=\"S3488 SC5 S2\" id=\"t1m_154\">Holmen Fiske AS </span><span class=\"S3489 SC5 S2\" id=\"t1n_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S348A SC5 S2\" id=\"t1o_154\">Wild catch </span><span class=\"S348B SC5 S2\" id=\"t1p_154\">Norway </span><span class=\"S348C SC5 S2\" id=\"t1q_154\">Hasvik </span><span class=\"S348D SC5 S2\" id=\"t1r_154\">34 % </span><span class=\"S348E SC5 S2\" id=\"t1s_154\">33 % </span><span class=\"S348F SC5 S2\" id=\"t1t_154\">7 753 </span><span class=\"S3490 S269C S2\" id=\"t1u_154\">2) </span><span class=\"S3491 SC5 S2\" id=\"t1v_154\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S3492 SC5 S2\" id=\"t1w_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S3493 SC5 S2\" id=\"t1x_154\">Wild catch </span><span class=\"S3494 SC5 S2\" id=\"t1y_154\">Norway </span><span class=\"S3495 SC5 S2\" id=\"t1z_154\">B\u00e5tsfjord </span><span class=\"S3496 SC5 S2\" id=\"t20_154\">28 % </span><span class=\"S3497 SC5 S2\" id=\"t21_154\">28 % </span><span class=\"S3498 SC5 S2\" id=\"t22_154\">308 </span><span class=\"S3499 SC5 S2\" id=\"t23_154\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S349A SC5 S2\" id=\"t24_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S349B SC5 S2\" id=\"t25_154\">Wild catch </span><span class=\"S349C SC5 S2\" id=\"t26_154\">Norway </span><span class=\"S349D SC5 S2\" id=\"t27_154\">B\u00e5tsfjord </span><span class=\"S349E SC5 S2\" id=\"t28_154\">34 % </span><span class=\"S349F SC5 S2\" id=\"t29_154\">34 % </span><span class=\"S34A0 SC5 S2\" id=\"t2a_154\">362 </span><span class=\"S34A1 SC5 S2\" id=\"t2b_154\">Itub AS </span><span class=\"S34A2 SC5 S2\" id=\"t2c_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S34A3 SC5 S2\" id=\"t2d_154\">Wild catch </span><span class=\"S34A4 SC5 S2\" id=\"t2e_154\">Norway </span><span class=\"S34A5 SC5 S2\" id=\"t2f_154\">\u00c5lesund </span><span class=\"S34A6 SC5 S2\" id=\"t2g_154\">22 % </span><span class=\"S34A7 SC5 S2\" id=\"t2h_154\">22 % </span><span class=\"S34A8 SC5 S2\" id=\"t2i_154\">7 893 </span><span class=\"S34A9 SC5 S2\" id=\"t2j_154\">Finnmark Kyst\ufb01ske AS </span><span class=\"S34AA SC5 S2\" id=\"t2k_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34AB SC5 S2\" id=\"t2l_154\">Wild catch </span><span class=\"S34AC SC5 S2\" id=\"t2m_154\">Norway </span><span class=\"S34AD S170E S2\" id=\"t2n_154\">Hammerfest </span><span class=\"S34AE SC5 S2\" id=\"t2o_154\">49 % </span><span class=\"S34AF SC5 S2\" id=\"t2p_154\">49 % </span><span class=\"S34B0 SC5 S2\" id=\"t2q_154\">2 330 </span><span class=\"S34B1 SC5 S2\" id=\"t2r_154\">Vestv\u00e5g\u00f8y Kystrederi AS </span><span class=\"S34B2 SC5 S2\" id=\"t2s_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34B3 SC5 S2\" id=\"t2t_154\">Wild catch </span><span class=\"S34B4 SC5 S2\" id=\"t2u_154\">Norway </span><span class=\"S34B5 SC5 S2\" id=\"t2v_154\">Vestv\u00e5g\u00f8y </span><span class=\"S34B6 SC5 S2\" id=\"t2w_154\">50 % </span><span class=\"S34B7 SC5 S2\" id=\"t2x_154\">50 % </span><span class=\"S34B8 SC5 S2\" id=\"t2y_154\">2 837 </span><span class=\"S34B9 SC5 S2\" id=\"t2z_154\">Ocean Forest </span><span class=\"S34BA SC5 S2\" id=\"t30_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34BB SC5 S2\" id=\"t31_154\">Farming </span><span class=\"S34BC SC5 S2\" id=\"t32_154\">Norway </span><span class=\"S34BD SC5 S2\" id=\"t33_154\">Bergen </span><span class=\"S34BE SC5 S2\" id=\"t34_154\">50 % </span><span class=\"S34BF SC5 S2\" id=\"t35_154\">50 % </span><span class=\"S34C0 SC5 S2\" id=\"t36_154\">189 </span><span class=\"S34C1 SC5 S2\" id=\"t37_154\">Kirkenes Processing AS </span><span class=\"S34C2 SC5 S2\" id=\"t38_154\">Ler\u00f8y Aurora AS </span><span class=\"S34C3 SC5 S2\" id=\"t39_154\">Farming </span><span class=\"S34C4 SC5 S2\" id=\"t3a_154\">Norway </span><span class=\"S34C5 SC5 S2\" id=\"t3b_154\">Kirkenes </span><span class=\"S34C6 SC5 S2\" id=\"t3c_154\">50 % </span><span class=\"S34C7 SC5 S2\" id=\"t3d_154\">50 % </span><span class=\"S34C8 SC5 S2\" id=\"t3e_154\">1 </span><span class=\"S34C9 SC5 S2\" id=\"t3f_154\">Romsdal Processing AS </span><span class=\"S34CA SC5 S2\" id=\"t3g_154\">Ler\u00f8y Aurora AS </span><span class=\"S34CB SC5 S2\" id=\"t3h_154\">Farming </span><span class=\"S34CC SC5 S2\" id=\"t3i_154\">Norway </span><span class=\"S34CD SC5 S2\" id=\"t3j_154\">Midsund </span><span class=\"S34CE SC5 S2\" id=\"t3k_154\">44 % </span><span class=\"S34CF SC5 S2\" id=\"t3l_154\">44 % </span><span class=\"S34D0 SC5 S2\" id=\"t3m_154\">11 483 </span><span class=\"S34D1 SC5 S2\" id=\"t3n_154\">Norway Salmon AS </span><span class=\"S34D2 SC5 S2\" id=\"t3o_154\">Ler\u00f8y Midt AS </span><span class=\"S34D3 SC5 S2\" id=\"t3p_154\">Farming </span><span class=\"S34D4 SC5 S2\" id=\"t3q_154\">Norway </span><span class=\"S34D5 SC5 S2\" id=\"t3r_154\">R\u00f8rvik </span><span class=\"S34D6 SC5 S2\" id=\"t3s_154\">50 % </span><span class=\"S34D7 SC5 S2\" id=\"t3t_154\">50 % </span><span class=\"S34D8 SC5 S2\" id=\"t3u_154\">533 </span><span class=\"S34D9 SC5 S2\" id=\"t3v_154\">Sporbarhet AS </span><span class=\"S34DA SC5 S2\" id=\"t3w_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34DB SC5 S2\" id=\"t3x_154\">Farming </span><span class=\"S34DC SC5 S2\" id=\"t3y_154\">Norway </span><span class=\"S34DD SC5 S2\" id=\"t3z_154\">Trondheim </span><span class=\"S34DE SC5 S2\" id=\"t40_154\">27 % </span><span class=\"S34DF SC5 S2\" id=\"t41_154\">27 % </span><span class=\"S34E0 SC5 S2\" id=\"t42_154\">2 389 </span><span class=\"S34E1 SC5 S2\" id=\"t43_154\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S34E2 SC5 S2\" id=\"t44_154\">Sirevaag AS </span><span class=\"S34E3 SC5 S2\" id=\"t45_154\">VAPSD * </span><span class=\"S34E4 SC5 S2\" id=\"t46_154\">Norway </span><span class=\"S34E5 SC5 S2\" id=\"t47_154\">H\u00e5 </span><span class=\"S34E6 SC5 S2\" id=\"t48_154\">47 % </span><span class=\"S34E7 SC5 S2\" id=\"t49_154\">47 % </span><span class=\"S34E8 SC5 S2\" id=\"t4a_154\">638 </span><span class=\"S34E9 SC5 S2\" id=\"t4b_154\">The Seafood Innovation Cl. AS </span><span class=\"S34EA SC5 S2\" id=\"t4c_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34EB SC5 S2\" id=\"t4d_154\">VAPSD * </span><span class=\"S34EC SC5 S2\" id=\"t4e_154\">Norway </span><span class=\"S34ED SC5 S2\" id=\"t4f_154\">Bergen </span><span class=\"S34EE SC5 S2\" id=\"t4g_154\">20 % </span><span class=\"S34EF SC5 S2\" id=\"t4h_154\">20 % </span><span class=\"S34F0 SC5 S2\" id=\"t4i_154\">641 </span><span class=\"S34F1 SC5 S2\" id=\"t4j_154\">SCS Industry Aps </span><span class=\"S34F2 S3504 S2\" id=\"t4k_154\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S34F3 SC5 S2\" id=\"t4l_154\">VAPSD </span><span class=\"S34F4 SC5 S2\" id=\"t4m_154\">Denmark </span><span class=\"S34F5 SC5 S2\" id=\"t4n_154\">Hirtshals </span><span class=\"S34F6 SC5 S2\" id=\"t4o_154\">0 % </span><span class=\"S34F7 SC5 S2\" id=\"t4p_154\">50 % </span><span class=\"S34F8 SC5 S2\" id=\"t4q_154\">76 </span><span class=\"S34F9 S269C S2\" id=\"t4r_154\">1) </span><span class=\"S34FA SC4 S2\" id=\"t4s_154\">Total other associates </span><span class=\"S34FB SC4 S2\" id=\"t4t_154\">38 369 </span><span class=\"S34FC SC4 S2\" id=\"t4u_154\">Grand total </span><span class=\"S34FD SC4 S2\" id=\"t4v_154\">1 424 638 </span><span class=\"S34FE SAF1 S2\" id=\"t4w_154\">* VAPSD is short for VAP, sales &amp; distribution (VAP = Value Added Processing) </span><span class=\"S34FF SC5 S2\" id=\"t4x_154\">1) Purchase of shares </span><span class=\"S3500 SC5 S2\" id=\"t4y_154\">2) Sale of shares </span><span class=\"S3505 SC4 S2\" id=\"t1_155\">Seafood </span><span class=\"S3506 SC4 S2\" id=\"t2_155\">Danmark A/S </span><span class=\"S3507 SC4 S2\" id=\"t3_155\">Group </span><span class=\"S3508 SC4 S2\" id=\"t4_155\">Seistar </span><span class=\"S3509 SC4 S2\" id=\"t5_155\">Holding AS </span><span class=\"S350A SC4 S2\" id=\"t6_155\">Group </span><span class=\"S350B SC4 S2\" id=\"t7_155\">Norskott </span><span class=\"S350C SC4 S2\" id=\"t8_155\">Havbruk AS </span><span class=\"S350D SC4 S2\" id=\"t9_155\">Group </span><span class=\"S350E SC4 S2\" id=\"ta_155\">Other </span><span class=\"S350F SC4 S2\" id=\"tb_155\">associates </span><span class=\"S3510 SC4 S2\" id=\"tc_155\">Total </span><span class=\"S3511 SC4 S2\" id=\"td_155\">associates </span><span class=\"S3512 SC4 S2\" id=\"te_155\">Acquisition year </span><span class=\"S3513 SC4 S2\" id=\"tf_155\">2017 </span><span class=\"S3514 SC4 S2\" id=\"tg_155\">2015 </span><span class=\"S3515 SC4 S2\" id=\"th_155\">2001 </span><span class=\"S3516 SC4 S2\" id=\"ti_155\">2021 </span><span class=\"S3517 SC4 S2\" id=\"tj_155\">Opening balance 01.01 </span><span class=\"S3518 SC5 S2\" id=\"tk_155\">139 476 </span><span class=\"S3519 SC5 S2\" id=\"tl_155\">197 789 </span><span class=\"S351A SC5 S2\" id=\"tm_155\">682 503 </span><span class=\"S351B SC5 S2\" id=\"tn_155\">35 694 </span><span class=\"S351C SC4 S2\" id=\"to_155\">1 055 463 </span><span class=\"S351D SC5 S2\" id=\"tp_155\">Companies acquired </span><span class=\"S351E SC5 S2\" id=\"tq_155\">305 500 </span><span class=\"S351F SC5 S2\" id=\"tr_155\">2 250 </span><span class=\"S3520 SC4 S2\" id=\"ts_155\">307 750 </span><span class=\"S3521 SC5 S2\" id=\"tt_155\">Change from associated company to subsidiary </span><span class=\"S3522 SC5 S2\" id=\"tu_155\">-125 350 </span><span class=\"S3523 SC5 S2\" id=\"tv_155\">-4 417 </span><span class=\"S3524 SC4 S2\" id=\"tw_155\">-129 767 </span><span class=\"S3525 SC5 S2\" id=\"tx_155\">Companies sold </span><span class=\"S3526 SC5 S2\" id=\"ty_155\">-61 </span><span class=\"S3527 SC4 S2\" id=\"tz_155\">-61 </span><span class=\"S3528 SC5 S2\" id=\"t10_155\">Share of this year's pro\ufb01t </span><span class=\"S3529 SC5 S2\" id=\"t11_155\">5 992 </span><span class=\"S352A SC5 S2\" id=\"t12_155\">20 893 </span><span class=\"S352B SC5 S2\" id=\"t13_155\">93 577 </span><span class=\"S352C SC5 S2\" id=\"t14_155\">1 039 </span><span class=\"S352D SC4 S2\" id=\"t15_155\">121 502 </span><span class=\"S352E SC5 S2\" id=\"t16_155\">Dividend distributed </span><span class=\"S352F SC5 S2\" id=\"t17_155\">-13 514 </span><span class=\"S3530 SC4 S2\" id=\"t18_155\">-13 514 </span><span class=\"S3531 SC5 S2\" id=\"t19_155\">Currency translation differences * </span><span class=\"S3532 SC5 S2\" id=\"t1a_155\">-6 605 </span><span class=\"S3533 SC5 S2\" id=\"t1b_155\">14 196 </span><span class=\"S3534 SC4 S2\" id=\"t1c_155\">7 591 </span><span class=\"S3535 SC5 S2\" id=\"t1d_155\">Other changes over equity </span><span class=\"S3536 SC5 S2\" id=\"t1e_155\">-892 </span><span class=\"S3537 SC4 S2\" id=\"t1f_155\">-892 </span><span class=\"S3538 SC4 S2\" id=\"t1g_155\">Closing balance as of 31.12 </span><span class=\"S3539 SC4 S2\" id=\"t1h_155\">0 </span><span class=\"S353A SC4 S2\" id=\"t1i_155\">218 682 </span><span class=\"S353B SC4 S2\" id=\"t1j_155\">1 094 884 </span><span class=\"S353C SC4 S2\" id=\"t1k_155\">34 505 </span><span class=\"S353D SC4 S2\" id=\"t1l_155\">1 348 072 </span><span class=\"S33D2 SC5 S2\" id=\"t1m_155\">Acquisition cost </span><span class=\"S353E SC5 S2\" id=\"t1n_155\">86 500 </span><span class=\"S353F SC5 S2\" id=\"t1o_155\">468 773 </span><span class=\"S3540 SC4 S2\" id=\"t1p_155\">Income from joint ventures and associates </span><span class=\"S3541 SC5 S2\" id=\"t1q_155\">Share of this year's pro\ufb01t </span><span class=\"S3542 SC5 S2\" id=\"t1r_155\">5 992 </span><span class=\"S3543 SC5 S2\" id=\"t1s_155\">20 893 </span><span class=\"S3544 SC5 S2\" id=\"t1t_155\">93 577 </span><span class=\"S3545 SC5 S2\" id=\"t1u_155\">1 039 </span><span class=\"S3546 SC4 S2\" id=\"t1v_155\">121 502 </span><span class=\"S3547 SC4 S2\" id=\"t1w_155\">Total </span><span class=\"S3548 SC4 S2\" id=\"t1x_155\">5 992 </span><span class=\"S3549 SC4 S2\" id=\"t1y_155\">20 893 </span><span class=\"S354A SC4 S2\" id=\"t1z_155\">93 577 </span><span class=\"S354B SC4 S2\" id=\"t20_155\">1 039 </span><span class=\"S354C SC4 S2\" id=\"t21_155\">121 502 </span><span class=\"S354D SC5 S2\" id=\"t22_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S354E SC5 S2\" id=\"t23_155\">6 022 </span><span class=\"S354F SC4 S2\" id=\"t24_155\">6 022 </span><span class=\"S3550 SC4 S2\" id=\"t25_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S3551 SC4 S2\" id=\"t26_155\">5 992 </span><span class=\"S3552 SC4 S2\" id=\"t27_155\">20 893 </span><span class=\"S3553 SC4 S2\" id=\"t28_155\">87 555 </span><span class=\"S3554 SC4 S2\" id=\"t29_155\">1 039 </span><span class=\"S3555 SC4 S2\" id=\"t2a_155\">115 479 </span><span class=\"S3556 SC4 S2\" id=\"t2b_155\">2022 </span><span class=\"S3557 SC4 S2\" id=\"t2c_155\">Opening balance 01.01 </span><span class=\"S3558 SC4 S2\" id=\"t2d_155\">0 </span><span class=\"S3559 SC4 S2\" id=\"t2e_155\">218 682 </span><span class=\"S355A SC4 S2\" id=\"t2f_155\">1 094 884 </span><span class=\"S355B SC4 S2\" id=\"t2g_155\">34 505 </span><span class=\"S355C SC4 S2\" id=\"t2h_155\">1 348 072 </span><span class=\"S355D SC5 S2\" id=\"t2i_155\">Companies acquired </span><span class=\"S355E SC5 S2\" id=\"t2j_155\">716 </span><span class=\"S355F SC4 S2\" id=\"t2k_155\">716 </span><span class=\"S3560 SC5 S2\" id=\"t2l_155\">Companies sold </span><span class=\"S3561 SC5 S2\" id=\"t2m_155\">-10 </span><span class=\"S3562 SC4 S2\" id=\"t2n_155\">-10 </span><span class=\"S3563 SC5 S2\" id=\"t2o_155\">Share of this year's pro\ufb01t </span><span class=\"S3564 SC5 S2\" id=\"t2p_155\">20 731 </span><span class=\"S3565 SC5 S2\" id=\"t2q_155\">41 492 </span><span class=\"S3566 SC5 S2\" id=\"t2r_155\">3 156 </span><span class=\"S3567 SC4 S2\" id=\"t2s_155\">65 379 </span><span class=\"S3568 SC5 S2\" id=\"t2t_155\">Dividend distributed </span><span class=\"S3569 SC5 S2\" id=\"t2u_155\">-6 000 </span><span class=\"S356A SC4 S2\" id=\"t2v_155\">-6 000 </span><span class=\"S356B SC5 S2\" id=\"t2w_155\">Currency translation differences * </span><span class=\"S356C SC5 S2\" id=\"t2x_155\">1 917 </span><span class=\"S356D SC5 S2\" id=\"t2y_155\">2 </span><span class=\"S356E SC4 S2\" id=\"t2z_155\">1 919 </span><span class=\"S356F SC5 S2\" id=\"t30_155\">Other changes over equity </span><span class=\"S3570 SC5 S2\" id=\"t31_155\">14 562 </span><span class=\"S3571 SC4 S2\" id=\"t32_155\">14 562 </span><span class=\"S3572 SC4 S2\" id=\"t33_155\">Closing balance as of 31.12 </span><span class=\"S3573 SC4 S2\" id=\"t34_155\">0 </span><span class=\"S3574 SC4 S2\" id=\"t35_155\">233 413 </span><span class=\"S3575 SC4 S2\" id=\"t36_155\">1 152 855 </span><span class=\"S3576 SC4 S2\" id=\"t37_155\">38 369 </span><span class=\"S3577 SC4 S2\" id=\"t38_155\">1 424 638 </span><span class=\"S3578 SC5 S2\" id=\"t39_155\">Acquisition cost </span><span class=\"S3579 SC4 S2\" id=\"t3a_155\">Income from joint ventures and associates </span><span class=\"S357A SC5 S2\" id=\"t3b_155\">Share of this year's pro\ufb01t </span><span class=\"S357B SC5 S2\" id=\"t3c_155\">0 </span><span class=\"S357C SC5 S2\" id=\"t3d_155\">20 731 </span><span class=\"S357D SC5 S2\" id=\"t3e_155\">41 492 </span><span class=\"S357E SC5 S2\" id=\"t3f_155\">3 156 </span><span class=\"S357F SC4 S2\" id=\"t3g_155\">65 379 </span><span class=\"S3580 SC5 S2\" id=\"t3h_155\">Gain from disposal of associate </span><span class=\"S3581 SC5 S2\" id=\"t3i_155\">296 </span><span class=\"S3582 SC4 S2\" id=\"t3j_155\">296 </span><span class=\"S3583 SC4 S2\" id=\"t3k_155\">Total </span><span class=\"S3584 SC4 S2\" id=\"t3l_155\">0 </span><span class=\"S3585 SC4 S2\" id=\"t3m_155\">20 731 </span><span class=\"S3586 SC4 S2\" id=\"t3n_155\">41 492 </span><span class=\"S3587 SC4 S2\" id=\"t3o_155\">3 452 </span><span class=\"S3588 SC4 S2\" id=\"t3p_155\">65 675 </span><span class=\"S3589 SC5 S2\" id=\"t3q_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S358A SC5 S2\" id=\"t3r_155\">11 982 </span><span class=\"S358B SC4 S2\" id=\"t3s_155\">11 982 </span><span class=\"S358C SC4 S2\" id=\"t3t_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S358D SC4 S2\" id=\"t3u_155\">0 </span><span class=\"S358E SC4 S2\" id=\"t3v_155\">20 731 </span><span class=\"S358F SC4 S2\" id=\"t3w_155\">29 510 </span><span class=\"S3590 SC4 S2\" id=\"t3x_155\">3 452 </span><span class=\"S3591 SC4 S2\" id=\"t3y_155\">53 693 </span><span class=\"S3592 SAF1 S2\" id=\"t3z_155\">* Currency translation differences relate to translation for the sub-group Scottish Seafarms, owned by Norskott Havbruk AS, where functional </span><span class=\"S3593 SAF1 S2\" id=\"t40_155\">and reporting currency is GBP. </span><span class=\"S3594 S1C40 S2\" id=\"t41_155\">Carrying value on and income from joint ventures and associated companies </span><span class=\"S3596 SC7 S2\" id=\"t1_156\">Other information on joint ventures and associates considered material to the Group </span><span class=\"S3597 S1C40 S2\" id=\"t2_156\">Information on material transactions </span><span class=\"S2358 SC8 S2\" id=\"t3_156\">It has not been any material transactions with joint ventures or associates in 2022. </span><span class=\"S219C S1C40 S2\" id=\"t4_156\">Information on subsidiaries </span><span class=\"S3598 S1C40 S2\" id=\"t5_156\">Financial information (100%) </span><span class=\"S3599 SC8 S2\" id=\"t6_156\">The accounting \ufb01gures for associates, as shown below, are prepared in accordance with IFRS. </span><span class=\"S359A SC8 S2\" id=\"t7_156\">The \ufb01gures are based on priliminary annual accounts, as the \ufb01nal annual accounts are not submitted. </span><span class=\"S359B SC4 S2\" id=\"t8_156\">Company </span><span class=\"S359C SC4 S2\" id=\"t9_156\">Owner (JV or subsidiary of JV) </span><span class=\"S359D SC4 S2\" id=\"ta_156\">Operating </span><span class=\"S359E SC4 S2\" id=\"tb_156\">segment </span><span class=\"S359F SC4 S2\" id=\"tc_156\">Country </span><span class=\"S35A0 SC4 S2\" id=\"td_156\">Ownership/ </span><span class=\"S35A1 SC4 S2\" id=\"te_156\">voting share </span><span class=\"S35A2 SC4 S2\" id=\"tf_156\">01.01 </span><span class=\"S35A3 SC4 S2\" id=\"tg_156\">Ownership/ </span><span class=\"S35A4 SC4 S2\" id=\"th_156\">voting share </span><span class=\"S35A5 SC4 S2\" id=\"ti_156\">31.12 </span><span class=\"S35A6 SC5 S2\" id=\"tj_156\">Scottish Seafarms Ltd * </span><span class=\"S35A7 SC5 S2\" id=\"tk_156\">Norskott Havbruk AS </span><span class=\"S35A8 SC5 S2\" id=\"tl_156\">Farming </span><span class=\"S35A9 SC5 S2\" id=\"tm_156\">Scotland </span><span class=\"S35AA SC5 S2\" id=\"tn_156\">100 % </span><span class=\"S35AB SC5 S2\" id=\"to_156\">100 % </span><span class=\"S35AC SC5 S2\" id=\"tp_156\">Ettrick Trout Ltd </span><span class=\"S35AD SC5 S2\" id=\"tq_156\">Scottish Seafarms Ltd </span><span class=\"S35AE SC5 S2\" id=\"tr_156\">Farming </span><span class=\"S35AF SC5 S2\" id=\"ts_156\">Scotland </span><span class=\"S35B0 SC5 S2\" id=\"tt_156\">100 % </span><span class=\"S35B1 SC5 S2\" id=\"tu_156\">100 % </span><span class=\"S35B2 SC5 S2\" id=\"tv_156\">Orkney Sea Farms Ltd </span><span class=\"S35B3 SC5 S2\" id=\"tw_156\">Ettrick Trout Ltd </span><span class=\"S35B4 SC5 S2\" id=\"tx_156\">Farming </span><span class=\"S35B5 SC5 S2\" id=\"ty_156\">Scotland </span><span class=\"S35B6 SC5 S2\" id=\"tz_156\">100 % </span><span class=\"S35B7 SC5 S2\" id=\"t10_156\">100 % </span><span class=\"S35B8 SC5 S2\" id=\"t11_156\">SSF Hjaltland </span><span class=\"S35B9 SC5 S2\" id=\"t12_156\">Scottish Seafarms Ltd </span><span class=\"S35BA SC5 S2\" id=\"t13_156\">Farming </span><span class=\"S35BB SC5 S2\" id=\"t14_156\">Scotland </span><span class=\"S35BC SC5 S2\" id=\"t15_156\">100 % </span><span class=\"S35BD SC5 S2\" id=\"t16_156\">100 % </span><span class=\"S35BE SC5 S2\" id=\"t17_156\">SSF Shetland </span><span class=\"S35BF SC5 S2\" id=\"t18_156\">SSF Hjaltland </span><span class=\"S35C0 SC5 S2\" id=\"t19_156\">Farming </span><span class=\"S35C1 SC5 S2\" id=\"t1a_156\">Scotland </span><span class=\"S35C2 SC5 S2\" id=\"t1b_156\">100 % </span><span class=\"S35C3 SC5 S2\" id=\"t1c_156\">100 % </span><span class=\"S35C4 SC5 S2\" id=\"t1d_156\">Isle of Skye Salmon </span><span class=\"S35C5 SC5 S2\" id=\"t1e_156\">SSF Hjaltland </span><span class=\"S35C6 SC5 S2\" id=\"t1f_156\">Farming </span><span class=\"S35C7 SC5 S2\" id=\"t1g_156\">Scotland </span><span class=\"S35C8 SC5 S2\" id=\"t1h_156\">100 % </span><span class=\"S35C9 SC5 S2\" id=\"t1i_156\">100 % </span><span class=\"S35CA SC5 S2\" id=\"t1j_156\">Mowi Star AS </span><span class=\"S35CB SC5 S2\" id=\"t1k_156\">Seistar Holding AS </span><span class=\"S35CC SC5 S2\" id=\"t1l_156\">Farming </span><span class=\"S35CD SC5 S2\" id=\"t1m_156\">Norway </span><span class=\"S35CE SC5 S2\" id=\"t1n_156\">100 % </span><span class=\"S35CF SC5 S2\" id=\"t1o_156\">100 % </span><span class=\"S35D0 SC5 S2\" id=\"t1p_156\">Seiv\u00e5g Shipping AS </span><span class=\"S35D1 SC5 S2\" id=\"t1q_156\">Seistar Holding AS </span><span class=\"S35D2 SC5 S2\" id=\"t1r_156\">Farming </span><span class=\"S35D3 SC5 S2\" id=\"t1s_156\">Norway </span><span class=\"S35D4 SC5 S2\" id=\"t1t_156\">100 % </span><span class=\"S35D5 SC5 S2\" id=\"t1u_156\">100 % </span><span class=\"S35D6 SC5 S2\" id=\"t1v_156\">Seigrunn AS </span><span class=\"S35D7 SC5 S2\" id=\"t1w_156\">Seistar Holding AS </span><span class=\"S35D8 SC5 S2\" id=\"t1x_156\">Farming </span><span class=\"S35D9 SC5 S2\" id=\"t1y_156\">Norway </span><span class=\"S35DA SC5 S2\" id=\"t1z_156\">100 % </span><span class=\"S35DB SC5 S2\" id=\"t20_156\">100 % </span><span class=\"S35DC SAF1 S2\" id=\"t21_156\">* Dormant subsidiaries are not included in this table </span><span class=\"S35DD SC4 S2\" id=\"t22_156\">Seistar Holding AS Group </span><span class=\"S35DE SC4 S2\" id=\"t23_156\">Norskott Havbruk AS Group </span><span class=\"S35DF SC4 S2\" id=\"t24_156\">Consolidated \ufb01gures </span><span class=\"S35E0 SC4 S2\" id=\"t25_156\">2022 </span><span class=\"S35E1 SC4 S2\" id=\"t26_156\">2021 </span><span class=\"S35E2 SC4 S2\" id=\"t27_156\">2022 </span><span class=\"S35E3 SC4 S2\" id=\"t28_156\">2021 </span><span class=\"S35E4 SC5 S2\" id=\"t29_156\">Revenue </span><span class=\"S35E5 SC5 S2\" id=\"t2a_156\">270 553 </span><span class=\"S35E6 SC5 S2\" id=\"t2b_156\">232 438 </span><span class=\"S35E7 SC5 S2\" id=\"t2c_156\">3 187 853 </span><span class=\"S35E8 SC5 S2\" id=\"t2d_156\">2 306 955 </span><span class=\"S35E9 SC5 S2\" id=\"t2e_156\">Other gains (+) and losses (-) </span><span class=\"S35EA SC5 S2\" id=\"t2f_156\">0 </span><span class=\"S35EB SC5 S2\" id=\"t2g_156\">0 </span><span class=\"S35EC SC5 S2\" id=\"t2h_156\">0 </span><span class=\"S35ED SC5 S2\" id=\"t2i_156\">0 </span><span class=\"S35EE SC5 S2\" id=\"t2j_156\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S35EF SC5 S2\" id=\"t2k_156\">53 212 </span><span class=\"S35F0 SC5 S2\" id=\"t2l_156\">50 107 </span><span class=\"S35F1 SC5 S2\" id=\"t2m_156\">214 280 </span><span class=\"S35F2 SC5 S2\" id=\"t2n_156\">244 301 </span><span class=\"S35F3 SC5 S2\" id=\"t2o_156\">Operating pro\ufb01t (EBIT) </span><span class=\"S35F4 SC5 S2\" id=\"t2p_156\">53 212 </span><span class=\"S35F5 SC5 S2\" id=\"t2q_156\">50 107 </span><span class=\"S35F6 SC5 S2\" id=\"t2r_156\">245 003 </span><span class=\"S35F7 SC5 S2\" id=\"t2s_156\">259 743 </span><span class=\"S35F8 SC5 S2\" id=\"t2t_156\">Pre-tax pro\ufb01t </span><span class=\"S35F9 SC5 S2\" id=\"t2u_156\">42 576 </span><span class=\"S35FA SC5 S2\" id=\"t2v_156\">39 705 </span><span class=\"S35FB SC5 S2\" id=\"t2w_156\">165 813 </span><span class=\"S35FC SC5 S2\" id=\"t2x_156\">242 142 </span><span class=\"S35FD SC5 S2\" id=\"t2y_156\">Annual pro\ufb01t </span><span class=\"S35FE SC5 S2\" id=\"t2z_156\">41 786 </span><span class=\"S35FF SC5 S2\" id=\"t30_156\">37 961 </span><span class=\"S3600 SC5 S2\" id=\"t31_156\">82 984 </span><span class=\"S3601 SC5 S2\" id=\"t32_156\">187 154 </span><span class=\"S3602 SC5 S2\" id=\"t33_156\">Other comprehensive income </span><span class=\"S3603 SC5 S2\" id=\"t34_156\">0 </span><span class=\"S3604 SC5 S2\" id=\"t35_156\">0 </span><span class=\"S3605 SC5 S2\" id=\"t36_156\">29 124 </span><span class=\"S3606 SC5 S2\" id=\"t37_156\">26 607 </span><span class=\"S3607 SC5 S2\" id=\"t38_156\">Fixed assets </span><span class=\"S3608 SC5 S2\" id=\"t39_156\">710 797 </span><span class=\"S3609 SC5 S2\" id=\"t3a_156\">738 472 </span><span class=\"S360A SC5 S2\" id=\"t3b_156\">3 403 086 </span><span class=\"S360B SC5 S2\" id=\"t3c_156\">3 275 822 </span><span class=\"S360C SC5 S2\" id=\"t3d_156\">Current assets </span><span class=\"S360D SC5 S2\" id=\"t3e_156\">123 241 </span><span class=\"S360E SC5 S2\" id=\"t3f_156\">88 863 </span><span class=\"S360F SC5 S2\" id=\"t3g_156\">1 823 850 </span><span class=\"S3610 SC5 S2\" id=\"t3h_156\">2 127 087 </span><span class=\"S3611 SC4 S2\" id=\"t3i_156\">Total assets </span><span class=\"S3612 SC4 S2\" id=\"t3j_156\">834 038 </span><span class=\"S3613 SC4 S2\" id=\"t3k_156\">827 335 </span><span class=\"S3614 SC4 S2\" id=\"t3l_156\">5 226 936 </span><span class=\"S3615 SC4 S2\" id=\"t3m_156\">5 402 909 </span><span class=\"S3616 SC5 S2\" id=\"t3n_156\">Long-term debt </span><span class=\"S3617 SC5 S2\" id=\"t3o_156\">366 862 </span><span class=\"S3618 SC5 S2\" id=\"t3p_156\">399 123 </span><span class=\"S3619 SC5 S2\" id=\"t3q_156\">2 080 765 </span><span class=\"S361A SC5 S2\" id=\"t3r_156\">2 414 833 </span><span class=\"S361B SC5 S2\" id=\"t3s_156\">Short-term debt </span><span class=\"S361C SC5 S2\" id=\"t3t_156\">41 363 </span><span class=\"S361D SC5 S2\" id=\"t3u_156\">38 185 </span><span class=\"S361E SC5 S2\" id=\"t3v_156\">840 460 </span><span class=\"S361F SC5 S2\" id=\"t3w_156\">798 309 </span><span class=\"S3620 SC4 S2\" id=\"t3x_156\">Total debt </span><span class=\"S3621 SC4 S2\" id=\"t3y_156\">408 225 </span><span class=\"S3622 SC4 S2\" id=\"t3z_156\">437 308 </span><span class=\"S3623 SC4 S2\" id=\"t40_156\">2 921 225 </span><span class=\"S3624 SC4 S2\" id=\"t41_156\">3 213 142 </span><span class=\"S3625 SC5 S2\" id=\"t42_156\">Net interest-bearing debt </span><span class=\"S3626 SC5 S2\" id=\"t43_156\">267 607 </span><span class=\"S3627 SC5 S2\" id=\"t44_156\">331 129 </span><span class=\"S3628 SC5 S2\" id=\"t45_156\">2 037 486 </span><span class=\"S3629 SC5 S2\" id=\"t46_156\">2 234 320 </span><span class=\"S362A SC4 S2\" id=\"t47_156\">Equity </span><span class=\"S362B SC4 S2\" id=\"t48_156\">425 813 </span><span class=\"S362C SC4 S2\" id=\"t49_156\">390 027 </span><span class=\"S362D SC4 S2\" id=\"t4a_156\">2 305 711 </span><span class=\"S362E SC4 S2\" id=\"t4b_156\">2 189 767 </span><span class=\"S362F S18EC S2\" id=\"t4j_156\">NOTE 10 cont. </span><span class=\"S3503 S18EC S2\" id=\"t4k_156\">Shares in joint ventures, associates and other investments </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f14081": {
   "value": "<span class=\"S2B5D S18EC S2\" id=\"t40_139\">NOTE 6 </span><span class=\"S2221 S18EC S2\" id=\"t41_139\">Business combinations and redemption </span><span class=\"S2B5E S18EC S2\" id=\"t42_139\">of non-controlling interests </span><span class=\"S2B42 SC7 S2\" id=\"t34_139\">Business combinations and </span><span class=\"S2B43 SC7 S2\" id=\"t35_139\">transactions with non-controlling </span><span class=\"S2B44 SC7 S2\" id=\"t36_139\">interests in 2022 </span><span class=\"S2B45 S1C40 S2\" id=\"t37_139\">Ler\u00f8y Vest Kraft AS </span><span class=\"S2B46 SC8 S2\" id=\"t38_139\">Ler\u00f8y Vest AS acquired 100% of the </span><span class=\"S2B47 SC8 S2\" id=\"t39_139\">shares in a small local power plant </span><span class=\"S2B48 SC8 S2\" id=\"t3a_139\">on Fitjar, producing power from a </span><span class=\"S2B49 SC8 S2\" id=\"t3b_139\">local river. It was paid NOK 9.775 for </span><span class=\"S2AD3 SC4 S2\" id=\"t1_139\">Considerations paid </span><span class=\"S2AD4 SC4 S2\" id=\"t2_139\">2022 </span><span class=\"S2AD5 SC4 S2\" id=\"t3_139\">2021 </span><span class=\"S2AD6 SC5 S2\" id=\"t4_139\">Ler\u00f8y Vest Kraft AS (100 %) </span><span class=\"S2AD7 SC5 S2\" id=\"t5_139\">Business combination </span><span class=\"S2AD8 SC5 S2\" id=\"t6_139\">9 775 </span><span class=\"S2AD9 SC5 S2\" id=\"t7_139\">Ler\u00f8y Seafood Denmark A/S (44 %) </span><span class=\"S2ADA SC5 S2\" id=\"t8_139\">Business combination </span><span class=\"S2ADB SC5 S2\" id=\"t9_139\">49 117 </span><span class=\"S2ADC SC5 S2\" id=\"ta_139\">157 722 </span><span class=\"S2ADD SC5 S2\" id=\"tb_139\">Ler\u00f8y Seafood Denmark A/S (Wannebo International AS) </span><span class=\"S2ADE SC5 S2\" id=\"tc_139\">Redemption of non-controlling interests in sub-group </span><span class=\"S2ADF SC5 S2\" id=\"td_139\">6 064 </span><span class=\"S2AE0 SC5 S2\" id=\"te_139\">S\u00f8r\u00f8ya Isanlegg AS (77 %) </span><span class=\"S2AE1 SC5 S2\" id=\"tf_139\">Business combination </span><span class=\"S2AE2 SC5 S2\" id=\"tg_139\">900 </span><span class=\"S2AE3 SC5 S2\" id=\"th_139\">Drag\u00f8y Grossist AS (17 %) </span><span class=\"S2AE4 SC5 S2\" id=\"ti_139\">Business combination </span><span class=\"S2AE5 SC5 S2\" id=\"tj_139\">2 800 </span><span class=\"S2AE6 SC5 S2\" id=\"tk_139\">Ler\u00f8y \u00c5rskog AS (100 %) </span><span class=\"S2AE7 SC5 S2\" id=\"tl_139\">Business combination </span><span class=\"S2AE8 SC5 S2\" id=\"tm_139\">38 868 </span><span class=\"S2AE9 SC4 S2\" id=\"tn_139\">Total cash \ufb02ow out </span><span class=\"S2AEA SC4 S2\" id=\"to_139\">58 892 </span><span class=\"S2AEB SC4 S2\" id=\"tp_139\">206 354 </span><span class=\"S2B4A SC7 S2\" id=\"t3c_139\">Ler\u00f8y Vest Kraft AS </span><span class=\"S2AEC SC4 S2\" id=\"tq_139\">Purchase price allocation and acquisition balance sheet </span><span class=\"S2AED SC4 S2\" id=\"tr_139\">Reported </span><span class=\"S2AEE SC4 S2\" id=\"ts_139\">values of </span><span class=\"S2AEF SC4 S2\" id=\"tt_139\">acquired </span><span class=\"S2AF0 SC4 S2\" id=\"tu_139\">entity </span><span class=\"S2AF1 SC4 S2\" id=\"tv_139\">Identi\ufb01ed </span><span class=\"S2AF2 SC4 S2\" id=\"tw_139\">added </span><span class=\"S2AF3 SC4 S2\" id=\"tx_139\">(or negative) </span><span class=\"S2AF4 SC4 S2\" id=\"ty_139\">value </span><span class=\"S2AF5 SC4 S2\" id=\"tz_139\">Fair value at </span><span class=\"S2AF6 SC4 S2\" id=\"t10_139\">time for </span><span class=\"S2AF7 SC4 S2\" id=\"t11_139\">acquisition </span><span class=\"S2AF8 SC4 S2\" id=\"t12_139\">Goodwill </span><span class=\"S2AF9 SC4 S2\" id=\"t13_139\">Acquisition </span><span class=\"S2AFA SC4 S2\" id=\"t14_139\">balance </span><span class=\"S2AFB SC4 S2\" id=\"t15_139\">sheet </span><span class=\"S2AFC SC5 S2\" id=\"t16_139\">Other rights and permits </span><span class=\"S2AFD SC5 S2\" id=\"t17_139\">0 </span><span class=\"S2AFE SC5 S2\" id=\"t18_139\">6 410 </span><span class=\"S2AFF SC5 S2\" id=\"t19_139\">6 410 </span><span class=\"S2B00 SC5 S2\" id=\"t1a_139\">6 410 </span><span class=\"S2B01 SC5 S2\" id=\"t1b_139\">Goodwill </span><span class=\"S2B02 SC5 S2\" id=\"t1c_139\">0 </span><span class=\"S2B03 SC5 S2\" id=\"t1d_139\">0 </span><span class=\"S2B04 SC5 S2\" id=\"t1e_139\">0 </span><span class=\"S2B05 SC5 S2\" id=\"t1f_139\">Fixed assets </span><span class=\"S2B06 SC5 S2\" id=\"t1g_139\">0 </span><span class=\"S2B07 SC5 S2\" id=\"t1h_139\">5 769 </span><span class=\"S2B08 SC5 S2\" id=\"t1i_139\">5 769 </span><span class=\"S2B09 SC5 S2\" id=\"t1j_139\">5 769 </span><span class=\"S2B0A SC5 S2\" id=\"t1k_139\">Short-term receivables </span><span class=\"S2B0B SC5 S2\" id=\"t1l_139\">52 </span><span class=\"S2B0C SC5 S2\" id=\"t1m_139\">52 </span><span class=\"S2B0D SC5 S2\" id=\"t1n_139\">52 </span><span class=\"S2B0E SC5 S2\" id=\"t1o_139\">Cash in bank </span><span class=\"S2B0F SC5 S2\" id=\"t1p_139\">223 </span><span class=\"S2B10 SC5 S2\" id=\"t1q_139\">223 </span><span class=\"S2B11 SC5 S2\" id=\"t1r_139\">223 </span><span class=\"S2B12 SC4 S2\" id=\"t1s_139\">Total assets </span><span class=\"S2B13 SC4 S2\" id=\"t1t_139\">275 </span><span class=\"S2B14 SC4 S2\" id=\"t1u_139\">12 180 </span><span class=\"S2B15 SC4 S2\" id=\"t1v_139\">12 455 </span><span class=\"S2B16 SC4 S2\" id=\"t1w_139\">0 </span><span class=\"S2B17 SC4 S2\" id=\"t1x_139\">12 455 </span><span class=\"S2B18 SC5 S2\" id=\"t1y_139\">Equity </span><span class=\"S2B19 SC5 S2\" id=\"t1z_139\">275 </span><span class=\"S2B1A SC5 S2\" id=\"t20_139\">9 500 </span><span class=\"S2B1B SC5 S2\" id=\"t21_139\">9 775 </span><span class=\"S2B1C SC5 S2\" id=\"t22_139\">9 775 </span><span class=\"S2B1D SC5 S2\" id=\"t23_139\">Deferred tax </span><span class=\"S2B1E SC5 S2\" id=\"t24_139\">0 </span><span class=\"S2B1F SC5 S2\" id=\"t25_139\">2 680 </span><span class=\"S2B20 SC5 S2\" id=\"t26_139\">2 680 </span><span class=\"S2B21 SC5 S2\" id=\"t27_139\">2 680 </span><span class=\"S2B22 SC5 S2\" id=\"t28_139\">Current liabilities </span><span class=\"S2B23 SC5 S2\" id=\"t29_139\">0 </span><span class=\"S2B24 SC5 S2\" id=\"t2a_139\">0 </span><span class=\"S2B25 SC5 S2\" id=\"t2b_139\">0 </span><span class=\"S2B26 SC4 S2\" id=\"t2c_139\">Total equity and liabilities </span><span class=\"S2B27 SC4 S2\" id=\"t2d_139\">275 </span><span class=\"S2B28 SC4 S2\" id=\"t2e_139\">12 180 </span><span class=\"S2B29 SC4 S2\" id=\"t2f_139\">12 455 </span><span class=\"S2B2A SC4 S2\" id=\"t2g_139\">0 </span><span class=\"S2B2B SC4 S2\" id=\"t2h_139\">12 455 </span><span class=\"S2B2C SC4 S2\" id=\"t2i_139\">NIBD (+) </span><span class=\"S2B2D SC4 S2\" id=\"t2j_139\">-223 </span><span class=\"S2B2E SC4 S2\" id=\"t2k_139\">0 </span><span class=\"S2B2F SC4 S2\" id=\"t2l_139\">-223 </span><span class=\"S2B30 SC4 S2\" id=\"t2m_139\">0 </span><span class=\"S2B31 SC4 S2\" id=\"t2n_139\">-223 </span><span class=\"S2B32 SC4 S2\" id=\"t2o_139\">Acquisition analysis </span><span class=\"S2B33 SC4 S2\" id=\"t2p_139\">100 % </span><span class=\"S2B34 SC5 S2\" id=\"t2q_139\">Recognised equity in acquired entity </span><span class=\"S2B35 SC5 S2\" id=\"t2r_139\">275 </span><span class=\"S2B36 SC5 S2\" id=\"t2s_139\">Net identi\ufb01ed added value in the aquired entity </span><span class=\"S2B37 SC5 S2\" id=\"t2t_139\">9 500 </span><span class=\"S2B38 SC4 S2\" id=\"t2u_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B39 SC4 S2\" id=\"t2v_139\">9 775 </span><span class=\"S2B3A SC4 S2\" id=\"t2w_139\">Calculation of goodwill </span><span class=\"S2B3B SC4 S2\" id=\"t2x_139\">100 % </span><span class=\"S2B3C SC5 S2\" id=\"t2y_139\">Consideration paid to seller </span><span class=\"S2B3D SC5 S2\" id=\"t2z_139\">9 775 </span><span class=\"S2B3E SC5 S2\" id=\"t30_139\">Identi\ufb01ed value in the aquired entity </span><span class=\"S2B3F SC5 S2\" id=\"t31_139\">9 775 </span><span class=\"S2B40 SC4 S2\" id=\"t32_139\">Goodwill </span><span class=\"S2B41 SC4 S2\" id=\"t33_139\">0 </span><span class=\"S2B4B SC8 S2\" id=\"t3d_139\">the shares. The plant will contribute </span><span class=\"S2B4C SC8 S2\" id=\"t3e_139\">with own-produced electrisity to the </span><span class=\"S2B4D SC8 S2\" id=\"t3f_139\">smolt facility owned by Ler\u00f8y Sj\u00f8troll </span><span class=\"S2B4E SC8 S2\" id=\"t3g_139\">Kj\u00e6relva AS. </span><span class=\"S2B4F SC8 S2\" id=\"t3h_139\">\u00a0</span><span class=\"S2B50 S1C40 S2\" id=\"t3i_139\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2B51 SC8 S2\" id=\"t3j_139\">In 2022 the Group settled the </span><span class=\"S2B52 SC8 S2\" id=\"t3k_139\">remaining part of the consideration </span><span class=\"S2B53 SC8 S2\" id=\"t3l_139\">agreed upon for the shares in Ler\u00f8y </span><span class=\"S2B54 SC8 S2\" id=\"t3m_139\">Seafood Denmark A/S (previously </span><span class=\"S2B55 SC8 S2\" id=\"t3n_139\">named Seafood Danmark A/S) that </span><span class=\"S2B56 SC8 S2\" id=\"t3o_139\">the Group acquired in 2021. The </span><span class=\"S2B57 SC8 S2\" id=\"t3p_139\">consideration accrued for in the </span><span class=\"S2B58 SC8 S2\" id=\"t3q_139\">balance sheet last year. The paid </span><span class=\"S2B59 SC8 S2\" id=\"t3r_139\">amount was the same as accrued for, </span><span class=\"S2B5A SC8 S2\" id=\"t3s_139\">and totalled NOK 49 millions. </span><span class=\"S2B5F SC7 S2\" id=\"t1_140\">Business combinations and </span><span class=\"S2B60 SC7 S2\" id=\"t2_140\">transactions with non-controlling </span><span class=\"S2B61 SC7 S2\" id=\"t3_140\">interests in 2021 </span><span class=\"S2B62 S21BB S2\" id=\"t4_140\">Drag\u00f8y Grossist AS </span><span class=\"S2B63 SC8 S2\" id=\"t5_140\">The Group increased its ownership in </span><span class=\"S2B64 SC8 S2\" id=\"t6_140\">Drag\u00f8y Grossist AS from 34% to 51% </span><span class=\"S2B65 SC8 S2\" id=\"t7_140\">1 January 2021. The acquisition is </span><span class=\"S2B66 SC8 S2\" id=\"t8_140\">recognised as a step-by-step </span><span class=\"S2B67 SC8 S2\" id=\"t9_140\">acquisition, with a new measurement </span><span class=\"S2B68 SC8 S2\" id=\"ta_140\">and calculation of gain/losses on the </span><span class=\"S2B69 SC8 S2\" id=\"tb_140\">shares that was previously acquired. </span><span class=\"S2B6A SC8 S2\" id=\"tc_140\">Until transaction date the previously </span><span class=\"S2B6B SC8 S2\" id=\"td_140\">acquired shares have been recognised </span><span class=\"S2B6C SC8 S2\" id=\"te_140\">and booked as an associated </span><span class=\"S2B6D SC8 S2\" id=\"tf_140\">company, following the equity method. </span><span class=\"S2B6E SC8 S2\" id=\"tg_140\">The shares are held by Ler\u00f8y Nord AS. </span><span class=\"S2B6F SC8 S2\" id=\"th_140\">The acquired company is a wholesaler </span><span class=\"S2B70 SC8 S2\" id=\"ti_140\">in Troms\u00f8. </span><span class=\"S2B71 SC8 S2\" id=\"tj_140\">\u00a0</span><span class=\"S2B72 S1C40 S2\" id=\"tk_140\">S\u00f8r\u00f8ya Isanlegg AS </span><span class=\"S2B73 SC8 S2\" id=\"tl_140\">The Group increased its ownership in </span><span class=\"S2B74 SC8 S2\" id=\"tm_140\">S\u00f8r\u00f8ya Isanlegg AS from 33.3% to </span><span class=\"S2B75 SC8 S2\" id=\"tn_140\">100% 1 January 2021. The acquisition </span><span class=\"S2B76 SC8 S2\" id=\"to_140\">is recognised as a step-by-step </span><span class=\"S2B77 SC8 S2\" id=\"tp_140\">acquisition, with a new measurement </span><span class=\"S2B78 SC8 S2\" id=\"tq_140\">and calculation of gain/losses on the </span><span class=\"S2B79 SC8 S2\" id=\"tr_140\">shares that was previously acquired. </span><span class=\"S2B7A SC8 S2\" id=\"ts_140\">Until transaction date the previously </span><span class=\"S2B7B SC8 S2\" id=\"tt_140\">acquired shares have been recognised </span><span class=\"S2B7C SC8 S2\" id=\"tu_140\">and booked as an associated </span><span class=\"S2B7D SC8 S2\" id=\"tv_140\">company, following the equity method. </span><span class=\"S2B7E SC8 S2\" id=\"tw_140\">The shares are held by Ler\u00f8y Norway </span><span class=\"S2B7F SC8 S2\" id=\"tx_140\">Seafoods AS. The acquired company </span><span class=\"S2B80 SC8 S2\" id=\"ty_140\">is a service provider for the white \ufb01sh </span><span class=\"S2B81 SC8 S2\" id=\"tz_140\">industry. The company operates from </span><span class=\"S2B82 SC8 S2\" id=\"t10_140\">Hasvik. </span><span class=\"S2B83 SC8 S2\" id=\"t11_140\">\u00a0</span><span class=\"S2B84 S1C40 S2\" id=\"t12_140\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2B85 SC8 S2\" id=\"t13_140\">The Group acquired 100% of FMV </span><span class=\"S2B86 SC8 S2\" id=\"t14_140\">Eiendom AS 31 March 2021. The name </span><span class=\"S2B87 SC8 S2\" id=\"t15_140\">of the acquired company was changed </span><span class=\"S2B88 SC8 S2\" id=\"t16_140\">to Ler\u00f8y \u00c5rskog AS. The acquisition </span><span class=\"S2B89 SC8 S2\" id=\"t17_140\">was recognised at fair value. The </span><span class=\"S2B8A SC8 S2\" id=\"t18_140\">company was purchased from the </span><span class=\"S2B8B SC8 S2\" id=\"t19_140\">ultimate parent company of the group, </span><span class=\"S2B8C SC8 S2\" id=\"t1a_140\">Laco AS, and is therefore identi\ufb01ed </span><span class=\"S2B8D SC8 S2\" id=\"t1b_140\">as a related party transaction. An </span><span class=\"S2B8E SC8 S2\" id=\"t1c_140\">external valuation of the company </span><span class=\"S2B8F SC8 S2\" id=\"t1d_140\">was required and used as the basis </span><span class=\"S2B90 SC8 S2\" id=\"t1e_140\">for the purchase price. The shares are </span><span class=\"S2B91 SC8 S2\" id=\"t1f_140\">held by Ler\u00f8y Seafood Group ASA. </span><span class=\"S2B92 SC8 S2\" id=\"t1g_140\">The acquired company owns land </span><span class=\"S2B93 SC8 S2\" id=\"t1h_140\">areas regulated and approved for </span><span class=\"S2B94 SC8 S2\" id=\"t1i_140\">production of smolt, salmon and </span><span class=\"S2B95 SC8 S2\" id=\"t1j_140\">trout on land, with a total maximum </span><span class=\"S2B96 SC8 S2\" id=\"t1k_140\">volume of 10 thousand MTB. The land </span><span class=\"S2B97 SC8 S2\" id=\"t1l_140\">area is in Fitjar. Groundwork related </span><span class=\"S2B98 SC8 S2\" id=\"t1m_140\">to buildings and installments has </span><span class=\"S2B99 SC8 S2\" id=\"t1n_140\">been started. </span><span class=\"S2B9A SC8 S2\" id=\"t1o_140\">\u00a0</span><span class=\"S2B9B S1C40 S2\" id=\"t1p_140\">Seafood Danmark A/S </span><span class=\"S2B9C SC8 S2\" id=\"t1q_140\">The Group increased its ownership in </span><span class=\"S2B9D SC8 S2\" id=\"t1r_140\">Seafood Danmark A/S from 33.3% to </span><span class=\"S2B9E SC8 S2\" id=\"t1s_140\">77.6% 1 April 2021. The acquisition is </span><span class=\"S2B9F SC8 S2\" id=\"t1t_140\">recognised as a step-by-step </span><span class=\"S2BA0 SC8 S2\" id=\"t1u_140\">acquisition, with a new measurement </span><span class=\"S2BA1 SC8 S2\" id=\"t1v_140\">and calculation of gain/losses on the </span><span class=\"S2BA2 SC8 S2\" id=\"t1w_140\">shares that was previously acquired. </span><span class=\"S2BA3 SC8 S2\" id=\"t1x_140\">Accumulated currency exchange </span><span class=\"S2BA4 SC8 S2\" id=\"t1y_140\">differences until date of business </span><span class=\"S2BA5 SC8 S2\" id=\"t1z_140\">combination, previously recognised </span><span class=\"S2BA6 SC8 S2\" id=\"t20_140\">in other comprehensive income, is </span><span class=\"S2BA7 SC8 S2\" id=\"t21_140\">recycled over pro\ufb01t and loss, and </span><span class=\"S2BA8 SC8 S2\" id=\"t22_140\">included in the calculated gain. Until </span><span class=\"S2BA9 SC8 S2\" id=\"t23_140\">transaction date the previously </span><span class=\"S2BAA SC8 S2\" id=\"t24_140\">acquired shares have been recognised </span><span class=\"S2BAB SC8 S2\" id=\"t25_140\">and booked as an associated </span><span class=\"S2BAC SC8 S2\" id=\"t26_140\">company, following the equity method. </span><span class=\"S2BAD SC8 S2\" id=\"t27_140\">The shares are held by Ler\u00f8y Seafood </span><span class=\"S2BAE SC8 S2\" id=\"t28_140\">Group ASA. The business in the </span><span class=\"S2BAF SC8 S2\" id=\"t29_140\">acquired company is VAP, sales and </span><span class=\"S2BB0 SC8 S2\" id=\"t2a_140\">distribution in Danmark. The company </span><span class=\"S2BB1 SC8 S2\" id=\"t2b_140\">owns and operate several </span><span class=\"S2BB2 SC8 S2\" id=\"t2c_140\">production facilities in Denmark. </span><span class=\"S2BB3 SC8 S2\" id=\"t2d_140\">\u00a0</span><span class=\"S2BB4 S1C40 S2\" id=\"t2e_140\">Wannebo International AS </span><span class=\"S2BB5 SC8 S2\" id=\"t2f_140\">The non-controlling interests in the </span><span class=\"S2BB6 SC8 S2\" id=\"t2g_140\">company named Wannebo </span><span class=\"S2BB7 SC8 S2\" id=\"t2h_140\">International AS was redeemed </span><span class=\"S2BB8 SC8 S2\" id=\"t2i_140\">1 July 2021. As the company is a group </span><span class=\"S2BB9 SC8 S2\" id=\"t2j_140\">company, owned through Seafood </span><span class=\"S2BBA SC8 S2\" id=\"t2k_140\">Danmark A/S, the redemption amount </span><span class=\"S2BBB SC8 S2\" id=\"t2l_140\">has been recognised as an equity </span><span class=\"S2BBC SC8 S2\" id=\"t2m_140\">transaction. The company`s business </span><span class=\"S2BBD SC8 S2\" id=\"t2n_140\">purpose is purchasing seafood in </span><span class=\"S2BBE SC8 S2\" id=\"t2o_140\">Norway and exporting it from </span><span class=\"S2BBF SC8 S2\" id=\"t2p_140\">Norway to Seafood Danmark A/S. </span><span class=\"S2BC0 SC8 S2\" id=\"t2q_140\">\u00a0</span><span class=\"S2BC1 S1C40 S2\" id=\"t2r_140\">SSF Hjaltland UK Ltd </span><span class=\"S2BC2 SC8 S2\" id=\"t2s_140\">The Group has also participated </span><span class=\"S2BC3 SC8 S2\" id=\"t2t_140\">indirectly in the acquisition of Grieg </span><span class=\"S2BC4 SC8 S2\" id=\"t2u_140\">Seafood Hjaltland UK Ltd through </span><span class=\"S2BC5 SC8 S2\" id=\"t2v_140\">the 50% owned associated company </span><span class=\"S2BC6 SC8 S2\" id=\"t2w_140\">Norskott Havbruk AS. The acquiring </span><span class=\"S2BC7 SC8 S2\" id=\"t2x_140\">legal entity was Scottish Seafarms </span><span class=\"S2BC8 SC8 S2\" id=\"t2y_140\">Ltd, a fully owned subsidiary of </span><span class=\"S2BC9 SC8 S2\" id=\"t2z_140\">Norskott Havbruk AS. The name of </span><span class=\"S2BCA SC8 S2\" id=\"t30_140\">the acquired company was changed </span><span class=\"S2BCB SC8 S2\" id=\"t31_140\">to SSF Hjaltland Ltd right after the </span><span class=\"S2BCC SC8 S2\" id=\"t32_140\">date of control, 15 December 2021. This </span><span class=\"S2BCD SC8 S2\" id=\"t33_140\">transaction is not included in business </span><span class=\"S2BCE SC8 S2\" id=\"t34_140\">combinations of the Group, according </span><span class=\"S2BCF SC8 S2\" id=\"t35_140\">to IFRS 3, which are summarized </span><span class=\"S2BD0 SC8 S2\" id=\"t36_140\">below. For this transaction, it is </span><span class=\"S2BD1 SC8 S2\" id=\"t37_140\">referred to the note on associated </span><span class=\"S2BD2 SC8 S2\" id=\"t38_140\">companies for further details. </span><span class=\"S2BD4 S18EC S2\" id=\"t3g_140\">NOTE 6 cont. </span><span class=\"S2298 S18EC S2\" id=\"t3h_140\">Business combinations and redemption </span><span class=\"S2BD5 S18EC S2\" id=\"t3i_140\">of non-controlling interests </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f14376": {
   "value": "<span class=\"S2168 SC7 S2\" id=\"t3x_141\">Reconciliation carrying value, gross value and life </span><span class=\"S2BD6 SC4 S2\" id=\"t1_141\">2021 </span><span class=\"S2BD7 SC4 S2\" id=\"t2_141\">Goodwill </span><span class=\"S2BD8 SC4 S2\" id=\"t3_141\">Licences </span><span class=\"S2BD9 SC4 S2\" id=\"t4_141\">Other rights </span><span class=\"S2BDA SC4 S2\" id=\"t5_141\">Total </span><span class=\"S2BDB SC4 S2\" id=\"t6_141\">As of 1 January </span><span class=\"S2BDC SC5 S2\" id=\"t7_141\">Acquisition cost </span><span class=\"S2BDD SC5 S2\" id=\"t8_141\">2 225 145 </span><span class=\"S2BDE SC5 S2\" id=\"t9_141\">6 180 330 </span><span class=\"S2BDF SC5 S2\" id=\"ta_141\">73 280 </span><span class=\"S2BE0 SC5 S2\" id=\"tb_141\">8 478 755 </span><span class=\"S2BE1 SC5 S2\" id=\"tc_141\">Accumulated amortisation </span><span class=\"S2BE2 SC5 S2\" id=\"td_141\">-123 064 </span><span class=\"S2BE3 SC5 S2\" id=\"te_141\">-48 411 </span><span class=\"S2BE4 SC5 S2\" id=\"tf_141\">-171 475 </span><span class=\"S2BE5 SC4 S2\" id=\"tg_141\">Carrying value as of 01.01 </span><span class=\"S2BE6 SC4 S2\" id=\"th_141\">2 225 145 </span><span class=\"S2BE7 SC4 S2\" id=\"ti_141\">6 057 266 </span><span class=\"S2BE8 SC4 S2\" id=\"tj_141\">24 869 </span><span class=\"S2BE9 SC4 S2\" id=\"tk_141\">8 307 280 </span><span class=\"S2BEA SC4 S2\" id=\"tl_141\">Movements during the year </span><span class=\"S2BEB SC5 S2\" id=\"tm_141\">Carrying value as of 01.01 </span><span class=\"S2BEC SC5 S2\" id=\"tn_141\">2 225 145 </span><span class=\"S2BED SC5 S2\" id=\"to_141\">6 057 266 </span><span class=\"S2BEE SC5 S2\" id=\"tp_141\">24 869 </span><span class=\"S2BEF SC5 S2\" id=\"tq_141\">8 307 280 </span><span class=\"S2BF0 SC5 S2\" id=\"tr_141\">Translation differences </span><span class=\"S2BF1 SC5 S2\" id=\"ts_141\">-13 117 </span><span class=\"S2BF2 SC5 S2\" id=\"tt_141\">-105 </span><span class=\"S2BF3 SC5 S2\" id=\"tu_141\">-13 222 </span><span class=\"S2BF4 SC5 S2\" id=\"tv_141\">Additions from business combinations </span><span class=\"S2BF5 SC5 S2\" id=\"tw_141\">281 309 </span><span class=\"S2BF6 SC5 S2\" id=\"tx_141\">5 000 </span><span class=\"S2BF7 SC5 S2\" id=\"ty_141\">7 798 </span><span class=\"S2BF8 SC5 S2\" id=\"tz_141\">294 107 </span><span class=\"S2BF9 SC5 S2\" id=\"t10_141\">Acquisition of intangible assets </span><span class=\"S2BFA SC5 S2\" id=\"t11_141\">3 461 </span><span class=\"S2BFB SC5 S2\" id=\"t12_141\">3 461 </span><span class=\"S2BFC SC5 S2\" id=\"t13_141\">Disposals </span><span class=\"S2BFD SC5 S2\" id=\"t14_141\">-5 189 </span><span class=\"S2BFE SC5 S2\" id=\"t15_141\">-5 189 </span><span class=\"S2BFF SC5 S2\" id=\"t16_141\">Amortisation for the year </span><span class=\"S2C00 SC5 S2\" id=\"t17_141\">-28 400 </span><span class=\"S2C01 SC5 S2\" id=\"t18_141\">-4 515 </span><span class=\"S2C02 SC5 S2\" id=\"t19_141\">-32 915 </span><span class=\"S2C03 SC4 S2\" id=\"t1a_141\">Carrying value as of 31.12 </span><span class=\"S2C04 SC4 S2\" id=\"t1b_141\">2 493 337 </span><span class=\"S2C05 SC4 S2\" id=\"t1c_141\">6 028 677 </span><span class=\"S2C06 SC4 S2\" id=\"t1d_141\">31 508 </span><span class=\"S2C07 SC4 S2\" id=\"t1e_141\">8 553 522 </span><span class=\"S2C08 SC4 S2\" id=\"t1f_141\">As of 31 December </span><span class=\"S2C09 SC5 S2\" id=\"t1g_141\">Acquisition cost </span><span class=\"S2C0A SC5 S2\" id=\"t1h_141\">2 493 337 </span><span class=\"S2C0B SC5 S2\" id=\"t1i_141\">6 180 141 </span><span class=\"S2C0C SC5 S2\" id=\"t1j_141\">84 349 </span><span class=\"S2C0D SC5 S2\" id=\"t1k_141\">8 757 827 </span><span class=\"S2C0E SC5 S2\" id=\"t1l_141\">Accumulated amortisation </span><span class=\"S2C0F SC5 S2\" id=\"t1m_141\">-151 464 </span><span class=\"S2C10 SC5 S2\" id=\"t1n_141\">-52 841 </span><span class=\"S2C11 SC5 S2\" id=\"t1o_141\">-204 305 </span><span class=\"S2C12 SC4 S2\" id=\"t1p_141\">Carrying value as of 31.12 </span><span class=\"S2C13 SC4 S2\" id=\"t1q_141\">2 493 337 </span><span class=\"S2C14 SC4 S2\" id=\"t1r_141\">6 028 677 </span><span class=\"S2C15 SC4 S2\" id=\"t1s_141\">31 508 </span><span class=\"S2C16 SC4 S2\" id=\"t1t_141\">8 553 522 </span><span class=\"S2C17 SC5 S2\" id=\"t1u_141\">Assets with unlimited useful life </span><span class=\"S2C18 SC5 S2\" id=\"t1v_141\">2 493 337 </span><span class=\"S2C19 SC5 S2\" id=\"t1w_141\">5 766 078 </span><span class=\"S2C1A SC5 S2\" id=\"t1x_141\">2 100 </span><span class=\"S2C1B SC5 S2\" id=\"t1y_141\">8 261 515 </span><span class=\"S2C1C SC5 S2\" id=\"t1z_141\">Assets with limited useful life </span><span class=\"S2C1D SC5 S2\" id=\"t20_141\">262 600 </span><span class=\"S2C1E SC5 S2\" id=\"t21_141\">29 408 </span><span class=\"S2C1F SC5 S2\" id=\"t22_141\">292 007 </span><span class=\"S2C20 SC4 S2\" id=\"t23_141\">Carrying value as of 31.12 </span><span class=\"S2C21 SC4 S2\" id=\"t24_141\">2 493 337 </span><span class=\"S2C22 SC4 S2\" id=\"t25_141\">6 028 677 </span><span class=\"S2C23 SC4 S2\" id=\"t26_141\">31 508 </span><span class=\"S2C24 SC4 S2\" id=\"t27_141\">8 553 522 </span><span class=\"S2C25 SC4 S2\" id=\"t28_141\">2022 </span><span class=\"S2C26 SC4 S2\" id=\"t29_141\">Goodwill </span><span class=\"S2C27 SC4 S2\" id=\"t2a_141\">Licences </span><span class=\"S2C28 SC4 S2\" id=\"t2b_141\">Other rights </span><span class=\"S2C29 SC4 S2\" id=\"t2c_141\">Total </span><span class=\"S2C2A SC4 S2\" id=\"t2d_141\">Movements during the year </span><span class=\"S2C2B SC5 S2\" id=\"t2e_141\">Carrying value as of 01.01 </span><span class=\"S2C2C SC5 S2\" id=\"t2f_141\">2 493 337 </span><span class=\"S2C2D SC5 S2\" id=\"t2g_141\">6 028 677 </span><span class=\"S2C2E SC5 S2\" id=\"t2h_141\">31 508 </span><span class=\"S2C2F SC5 S2\" id=\"t2i_141\">8 553 522 </span><span class=\"S2C30 SC5 S2\" id=\"t2j_141\">Translation differences </span><span class=\"S2C31 SC5 S2\" id=\"t2k_141\">23 282 </span><span class=\"S2C32 SC5 S2\" id=\"t2l_141\">226 </span><span class=\"S2C33 SC5 S2\" id=\"t2m_141\">23 508 </span><span class=\"S2C34 SC5 S2\" id=\"t2n_141\">Additions from business combinations </span><span class=\"S2C35 SC5 S2\" id=\"t2o_141\">6 409 </span><span class=\"S2C36 SC5 S2\" id=\"t2p_141\">6 409 </span><span class=\"S2C37 SC5 S2\" id=\"t2q_141\">Acquisition of intangible assets </span><span class=\"S2C38 SC5 S2\" id=\"t2r_141\">288 </span><span class=\"S2C39 SC5 S2\" id=\"t2s_141\">288 </span><span class=\"S2C3A SC5 S2\" id=\"t2t_141\">Disposals </span><span class=\"S2C3B SC5 S2\" id=\"t2u_141\">0 </span><span class=\"S2C3C SC5 S2\" id=\"t2v_141\">Amortisation for the year </span><span class=\"S2C3D SC5 S2\" id=\"t2w_141\">-29 137 </span><span class=\"S2C3E SC5 S2\" id=\"t2x_141\">-4 422 </span><span class=\"S2C3F SC5 S2\" id=\"t2y_141\">-33 559 </span><span class=\"S2C40 SC4 S2\" id=\"t2z_141\">Carrying value as of 31.12 </span><span class=\"S2C41 SC4 S2\" id=\"t30_141\">2 516 619 </span><span class=\"S2C42 SC4 S2\" id=\"t31_141\">5 999 540 </span><span class=\"S2C43 SC4 S2\" id=\"t32_141\">34 009 </span><span class=\"S2C44 SC4 S2\" id=\"t33_141\">8 550 168 </span><span class=\"S2C45 SC4 S2\" id=\"t34_141\">As of 31 December </span><span class=\"S2C46 SC5 S2\" id=\"t35_141\">Acquisition cost </span><span class=\"S2C47 SC5 S2\" id=\"t36_141\">2 516 619 </span><span class=\"S2C48 SC5 S2\" id=\"t37_141\">6 180 141 </span><span class=\"S2C49 SC5 S2\" id=\"t38_141\">91 384 </span><span class=\"S2C4A SC5 S2\" id=\"t39_141\">8 788 144 </span><span class=\"S2C4B SC5 S2\" id=\"t3a_141\">Accumulated amortisation </span><span class=\"S2C4C SC5 S2\" id=\"t3b_141\">-180 601 </span><span class=\"S2C4D SC5 S2\" id=\"t3c_141\">-57 375 </span><span class=\"S2C4E SC5 S2\" id=\"t3d_141\">-237 976 </span><span class=\"S2C4F SC4 S2\" id=\"t3e_141\">Carrying value as of 31.12 </span><span class=\"S2C50 SC4 S2\" id=\"t3f_141\">2 516 619 </span><span class=\"S2C51 SC4 S2\" id=\"t3g_141\">5 999 540 </span><span class=\"S2C52 SC4 S2\" id=\"t3h_141\">34 009 </span><span class=\"S2C53 SC4 S2\" id=\"t3i_141\">8 550 168 </span><span class=\"S2C54 SC5 S2\" id=\"t3j_141\">Assets with unlimited useful life </span><span class=\"S2C55 SC5 S2\" id=\"t3k_141\">2 516 619 </span><span class=\"S2C56 SC5 S2\" id=\"t3l_141\">5 766 078 </span><span class=\"S2C57 SC5 S2\" id=\"t3m_141\">8 509 </span><span class=\"S2C58 SC5 S2\" id=\"t3n_141\">8 291 206 </span><span class=\"S2C59 SC5 S2\" id=\"t3o_141\">Assets with limited useful life </span><span class=\"S2C5A SC5 S2\" id=\"t3p_141\">233 463 </span><span class=\"S2C5B SC5 S2\" id=\"t3q_141\">25 500 </span><span class=\"S2C5C SC5 S2\" id=\"t3r_141\">258 962 </span><span class=\"S2C5D SC4 S2\" id=\"t3s_141\">Carrying value as of 31.12 </span><span class=\"S2C5E SC4 S2\" id=\"t3t_141\">2 516 619 </span><span class=\"S2C5F SC4 S2\" id=\"t3u_141\">5 999 540 </span><span class=\"S2C60 SC4 S2\" id=\"t3v_141\">34 009 </span><span class=\"S2C61 SC4 S2\" id=\"t3w_141\">8 550 168 </span><span class=\"S2C63 SC7 S2\" id=\"t1_142\">Speci\ufb01cation of intangible assets per acquisition, per segment </span><span class=\"S2C64 SC4 S2\" id=\"t2_142\">2021 </span><span class=\"S2C65 SC4 S2\" id=\"t3_142\">Region </span><span class=\"S2C66 SC4 S2\" id=\"t4_142\">Acquisition </span><span class=\"S2C67 SC4 S2\" id=\"t5_142\">year </span><span class=\"S2C68 SC4 S2\" id=\"t6_142\">Goodwill </span><span class=\"S2C69 SC4 S2\" id=\"t7_142\">Licences </span><span class=\"S2C6A SC4 S2\" id=\"t8_142\">Other rights </span><span class=\"S2C6B SC4 S2\" id=\"t9_142\">Total </span><span class=\"S2C6C SC4 S2\" id=\"ta_142\">Wild catch </span><span class=\"S2C6D SC5 S2\" id=\"tb_142\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2C6E SC5 S2\" id=\"tc_142\">2016 </span><span class=\"S2C6F SC5 S2\" id=\"td_142\">3 544 000 </span><span class=\"S2C70 S269C S2\" id=\"te_142\">5) </span><span class=\"S2C71 SC4 S2\" id=\"tf_142\">3 544 000 </span><span class=\"S2C72 SC5 S2\" id=\"tg_142\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2C73 SC5 S2\" id=\"th_142\">2016, 2017 </span><span class=\"S2C74 SC5 S2\" id=\"ti_142\">2 646 </span><span class=\"S2C75 SC5 S2\" id=\"tj_142\">100 </span><span class=\"S2C76 SC4 S2\" id=\"tk_142\">2 746 </span><span class=\"S2C77 SC4 S2\" id=\"tl_142\">Total </span><span class=\"S2C78 SC4 S2\" id=\"tm_142\">2 646 </span><span class=\"S2C79 SC4 S2\" id=\"tn_142\">3 544 000 </span><span class=\"S2C7A SC4 S2\" id=\"to_142\">100 </span><span class=\"S2C7B SC4 S2\" id=\"tp_142\">3 546 746 </span><span class=\"S2C7C SC4 S2\" id=\"tq_142\">Farming </span><span class=\"S2C7D SC5 S2\" id=\"tr_142\">Ler\u00f8y Midt AS </span><span class=\"S2C7E SC5 S2\" id=\"ts_142\">Central </span><span class=\"S2C7F SC5 S2\" id=\"tt_142\">2003, 2006 </span><span class=\"S2C80 S269C S2\" id=\"tu_142\">1) </span><span class=\"S2C81 SC5 S2\" id=\"tv_142\">956 509 </span><span class=\"S2C82 SC5 S2\" id=\"tw_142\">700 260 </span><span class=\"S2C83 SC4 S2\" id=\"tx_142\">1 656 769 </span><span class=\"S2C84 SC5 S2\" id=\"ty_142\">Ler\u00f8y Vest AS </span><span class=\"S2C85 SC5 S2\" id=\"tz_142\">West </span><span class=\"S2C86 SC5 S2\" id=\"t10_142\">2007 </span><span class=\"S2C87 SC5 S2\" id=\"t11_142\">535 001 </span><span class=\"S2C88 SC5 S2\" id=\"t12_142\">502 529 </span><span class=\"S2C89 SC5 S2\" id=\"t13_142\">12 944 </span><span class=\"S2C8A S269C S2\" id=\"t14_142\">5) </span><span class=\"S2C8B SC4 S2\" id=\"t15_142\">1 050 474 </span><span class=\"S2C8C SC5 S2\" id=\"t16_142\">Sj\u00f8troll Havbruk AS </span><span class=\"S2C8D SC5 S2\" id=\"t17_142\">West </span><span class=\"S2C8E SC5 S2\" id=\"t18_142\">2010 </span><span class=\"S2C8F SC5 S2\" id=\"t19_142\">205 954 </span><span class=\"S2C90 SC5 S2\" id=\"t1a_142\">673 513 </span><span class=\"S2C91 SC4 S2\" id=\"t1b_142\">879 467 </span><span class=\"S2C92 SC5 S2\" id=\"t1c_142\">Ler\u00f8y Aurora AS </span><span class=\"S2C93 SC5 S2\" id=\"t1d_142\">North </span><span class=\"S2C94 SC5 S2\" id=\"t1e_142\">2005, 2014 </span><span class=\"S2C95 S269C S2\" id=\"t1f_142\">2) </span><span class=\"S2C96 SC5 S2\" id=\"t1g_142\">134 567 </span><span class=\"S2C97 SC5 S2\" id=\"t1h_142\">508 572 </span><span class=\"S2C98 SC5 S2\" id=\"t1i_142\">2 000 </span><span class=\"S2C99 SC4 S2\" id=\"t1j_142\">645 139 </span><span class=\"S2C9A SC5 S2\" id=\"t1k_142\">Norsk Oppdrettsservice AS </span><span class=\"S2C9B SC5 S2\" id=\"t1l_142\">West </span><span class=\"S2C9C SC5 S2\" id=\"t1m_142\">2015 </span><span class=\"S2C9D SC5 S2\" id=\"t1n_142\">13 295 </span><span class=\"S2C9E SC5 S2\" id=\"t1o_142\">40 000 </span><span class=\"S2C9F SC4 S2\" id=\"t1p_142\">53 295 </span><span class=\"S2CA0 SC5 S2\" id=\"t1q_142\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2CA1 SC5 S2\" id=\"t1r_142\">West </span><span class=\"S2CA2 SC5 S2\" id=\"t1s_142\">2021 </span><span class=\"S2CA3 SC5 S2\" id=\"t1t_142\">5 000 </span><span class=\"S2CA4 SC4 S2\" id=\"t1u_142\">5 000 </span><span class=\"S2CA5 SC4 S2\" id=\"t1v_142\">Total </span><span class=\"S2CA6 SC4 S2\" id=\"t1w_142\">1 845 326 </span><span class=\"S2CA7 SC4 S2\" id=\"t1x_142\">2 429 874 </span><span class=\"S2CA8 SC4 S2\" id=\"t1y_142\">14 944 </span><span class=\"S2CA9 SC4 S2\" id=\"t1z_142\">4 290 143 </span><span class=\"S2CAA SC4 S2\" id=\"t20_142\">VAP, sales and distribution </span><span class=\"S2CAB SC5 S2\" id=\"t21_142\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2CAC SC5 S2\" id=\"t22_142\">2021 </span><span class=\"S2CAD SC5 S2\" id=\"t23_142\">274 888 </span><span class=\"S2CAE SC5 S2\" id=\"t24_142\">0 </span><span class=\"S2CAF SC4 S2\" id=\"t25_142\">274 888 </span><span class=\"S2CB0 SC5 S2\" id=\"t26_142\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2CB1 SC5 S2\" id=\"t27_142\">2012 </span><span class=\"S2CB2 S269C S2\" id=\"t28_142\">4) </span><span class=\"S2CB3 SC5 S2\" id=\"t29_142\">141 249 </span><span class=\"S2CB4 SC4 S2\" id=\"t2a_142\">141 249 </span><span class=\"S2CB5 SC5 S2\" id=\"t2b_142\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2CB6 SC5 S2\" id=\"t2c_142\">2005, 2006 </span><span class=\"S2CB7 SC5 S2\" id=\"t2d_142\">122 461 </span><span class=\"S2CB8 SC5 S2\" id=\"t2e_142\">9 168 </span><span class=\"S2CB9 S269C S2\" id=\"t2f_142\">3) </span><span class=\"S2CBA SC4 S2\" id=\"t2g_142\">131 629 </span><span class=\"S2CBB SC5 S2\" id=\"t2h_142\">Ler\u00f8y Fossen AS </span><span class=\"S2CBC SC5 S2\" id=\"t2i_142\">2006 </span><span class=\"S2CBD SC5 S2\" id=\"t2j_142\">23 976 </span><span class=\"S2CBE SC4 S2\" id=\"t2k_142\">23 976 </span><span class=\"S2CBF SC5 S2\" id=\"t2l_142\">Ler\u00f8y Finland OY </span><span class=\"S2CC0 SC5 S2\" id=\"t2m_142\">2011 </span><span class=\"S2CC1 S269C S2\" id=\"t2n_142\">4) </span><span class=\"S2CC2 SC5 S2\" id=\"t2o_142\">20 082 </span><span class=\"S2CC3 SC5 S2\" id=\"t2p_142\">166 </span><span class=\"S2CC4 S269C S2\" id=\"t2q_142\">3) </span><span class=\"S2CC5 SC4 S2\" id=\"t2r_142\">20 248 </span><span class=\"S2CC6 SC5 S2\" id=\"t2s_142\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2CC7 SC5 S2\" id=\"t2t_142\">2002, 2003 </span><span class=\"S2CC8 S269C S2\" id=\"t2u_142\">7) </span><span class=\"S2CC9 SC5 S2\" id=\"t2v_142\">17 525 </span><span class=\"S2CCA SC4 S2\" id=\"t2w_142\">17 525 </span><span class=\"S27F8 SC5 S2\" id=\"t2x_142\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2CCB SC5 S2\" id=\"t2y_142\">2001, 2004 </span><span class=\"S2CCC SC5 S2\" id=\"t2z_142\">12 505 </span><span class=\"S2CCD SC4 S2\" id=\"t30_142\">12 505 </span><span class=\"S2CCE SC5 S2\" id=\"t31_142\">SAS Hallvard Ler\u00f8y </span><span class=\"S2CCF SC5 S2\" id=\"t32_142\">2008 </span><span class=\"S2CD0 SC5 S2\" id=\"t33_142\">9 979 </span><span class=\"S2CD1 SC4 S2\" id=\"t34_142\">9 979 </span><span class=\"S2CD2 SC5 S2\" id=\"t35_142\">Sj\u00f8mathuset AS </span><span class=\"S2CD3 SC5 S2\" id=\"t36_142\">2006, 2009 </span><span class=\"S2CD4 SC5 S2\" id=\"t37_142\">6 175 </span><span class=\"S2CD5 SC5 S2\" id=\"t38_142\">2 500 </span><span class=\"S2CD6 S269C S2\" id=\"t39_142\">3) </span><span class=\"S2CD7 SC4 S2\" id=\"t3a_142\">8 675 </span><span class=\"S2CD8 SC5 S2\" id=\"t3b_142\">Ler\u00f8y Tyrkia </span><span class=\"S2CD9 SC5 S2\" id=\"t3c_142\">2015 </span><span class=\"S2CDA S269C S2\" id=\"t3d_142\">4) </span><span class=\"S2CDB SC5 S2\" id=\"t3e_142\">6 280 </span><span class=\"S2CDC SC5 S2\" id=\"t3f_142\">49 </span><span class=\"S2CDD SC4 S2\" id=\"t3g_142\">6 329 </span><span class=\"S2CDE SC5 S2\" id=\"t3h_142\">SAS Eurosalmon </span><span class=\"S2CDF SC5 S2\" id=\"t3i_142\">2008 </span><span class=\"S2CE0 SC5 S2\" id=\"t3j_142\">4 697 </span><span class=\"S2CE1 SC4 S2\" id=\"t3k_142\">4 697 </span><span class=\"S2CE2 SC5 S2\" id=\"t3l_142\">Ler\u00f8y Seafood AS </span><span class=\"S2CE3 SC5 S2\" id=\"t3m_142\">1997, 2000 </span><span class=\"S2CE4 SC5 S2\" id=\"t3n_142\">3 976 </span><span class=\"S2CE5 SC5 S2\" id=\"t3o_142\">0 </span><span class=\"S2CE6 SC4 S2\" id=\"t3p_142\">3 976 </span><span class=\"S2CE7 SC5 S2\" id=\"t3q_142\">Leroy Seafood Italy SRL </span><span class=\"S2CE8 SC5 S2\" id=\"t3r_142\">2020 </span><span class=\"S2CE9 SC5 S2\" id=\"t3s_142\">0 </span><span class=\"S2CEA SC5 S2\" id=\"t3t_142\">2 643 </span><span class=\"S2CEB S269C S2\" id=\"t3u_142\">3) </span><span class=\"S2CEC SC4 S2\" id=\"t3v_142\">2 643 </span><span class=\"S2CED SC5 S2\" id=\"t3w_142\">Ler\u00f8y Portugal Ltd </span><span class=\"S2CEE SC5 S2\" id=\"t3x_142\">2004 </span><span class=\"S2CEF SC5 S2\" id=\"t3y_142\">524 </span><span class=\"S2CF0 SC5 S2\" id=\"t3z_142\">1 358 </span><span class=\"S2CF1 S269C S2\" id=\"t40_142\">3) </span><span class=\"S2CF2 SC4 S2\" id=\"t41_142\">1 882 </span><span class=\"S2CF3 SC5 S2\" id=\"t42_142\">SAS Fish Cut </span><span class=\"S2CF4 SC5 S2\" id=\"t43_142\">2003 </span><span class=\"S2CF5 SC5 S2\" id=\"t44_142\">1 050 </span><span class=\"S2CF6 SC4 S2\" id=\"t45_142\">1 050 </span><span class=\"S2CF7 SC5 S2\" id=\"t46_142\">Ler\u00f8y Processing Spain </span><span class=\"S2CF8 SC5 S2\" id=\"t47_142\">2016 </span><span class=\"S2CF9 SC5 S2\" id=\"t48_142\">0 </span><span class=\"S2CFA SC5 S2\" id=\"t49_142\">580 </span><span class=\"S2CFB S269C S2\" id=\"t4a_142\">3) </span><span class=\"S2CFC SC4 S2\" id=\"t4b_142\">580 </span><span class=\"S2CFD SC4 S2\" id=\"t4c_142\">Total </span><span class=\"S2CFE S269C S2\" id=\"t4d_142\">4) </span><span class=\"S2CFF SC4 S2\" id=\"t4e_142\">645 366 </span><span class=\"S2D00 SC4 S2\" id=\"t4f_142\">0 </span><span class=\"S2D01 SC4 S2\" id=\"t4g_142\">16 464 </span><span class=\"S2D02 S2D10 S2\" id=\"t4h_142\">3) </span><span class=\"S2D03 SC4 S2\" id=\"t4i_142\">661 830 </span><span class=\"S2D04 SC4 S2\" id=\"t4j_142\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2D05 SC5 S2\" id=\"t4k_142\">2017-2020 </span><span class=\"S2D06 SC4 S2\" id=\"t4l_142\">54 803 </span><span class=\"S2D07 S2D10 S2\" id=\"t4m_142\">6) </span><span class=\"S2D08 SC4 S2\" id=\"t4n_142\">54 803 </span><span class=\"S2D09 SC4 S2\" id=\"t4o_142\">Total </span><span class=\"S2D0A SC4 S2\" id=\"t4p_142\">2 493 337 </span><span class=\"S2D0B SC4 S2\" id=\"t4q_142\">6 028 676 </span><span class=\"S2D0C SC4 S2\" id=\"t4r_142\">31 508 </span><span class=\"S2D0D SC4 S2\" id=\"t4s_142\">8 553 522 </span><span class=\"S2D11 SC4 S2\" id=\"t1_143\">2022 </span><span class=\"S2D12 SC4 S2\" id=\"t2_143\">Region </span><span class=\"S2D13 SC4 S2\" id=\"t3_143\">Acquisition </span><span class=\"S2D14 SC4 S2\" id=\"t4_143\">year </span><span class=\"S2D15 SC4 S2\" id=\"t5_143\">Goodwill </span><span class=\"S2D16 SC4 S2\" id=\"t6_143\">Licences </span><span class=\"S2D17 SC4 S2\" id=\"t7_143\">Other rights </span><span class=\"S2800 SC4 S2\" id=\"t8_143\">Total </span><span class=\"S2D18 SC4 S2\" id=\"t9_143\">Wild catch </span><span class=\"S2D19 SC5 S2\" id=\"ta_143\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2D1A SC5 S2\" id=\"tb_143\">2016 </span><span class=\"S2D1B SC5 S2\" id=\"tc_143\">3 514 863 </span><span class=\"S2D1C S269C S2\" id=\"td_143\">5) </span><span class=\"S2D1D SC4 S2\" id=\"te_143\">3 514 863 </span><span class=\"S2D1E SC5 S2\" id=\"tf_143\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2D1F SC5 S2\" id=\"tg_143\">2017 </span><span class=\"S2D20 SC5 S2\" id=\"th_143\">2 646 </span><span class=\"S2D21 SC5 S2\" id=\"ti_143\">100 </span><span class=\"S2D22 SC4 S2\" id=\"tj_143\">2 746 </span><span class=\"S2D23 SC4 S2\" id=\"tk_143\">Total </span><span class=\"S2D24 SC4 S2\" id=\"tl_143\">2 646 </span><span class=\"S2D25 SC4 S2\" id=\"tm_143\">3 514 863 </span><span class=\"S2D26 SC4 S2\" id=\"tn_143\">100 </span><span class=\"S2D27 SC4 S2\" id=\"to_143\">3 517 609 </span><span class=\"S2D28 SC4 S2\" id=\"tp_143\">Farming </span><span class=\"S2D29 SC5 S2\" id=\"tq_143\">Ler\u00f8y Midt AS </span><span class=\"S2D2A SC5 S2\" id=\"tr_143\">Central </span><span class=\"S2D2B SC5 S2\" id=\"ts_143\">2003, 2006 </span><span class=\"S2D2C S269C S2\" id=\"tt_143\">1) </span><span class=\"S2D2D SC5 S2\" id=\"tu_143\">956 509 </span><span class=\"S2D2E SC5 S2\" id=\"tv_143\">700 260 </span><span class=\"S2D2F SC4 S2\" id=\"tw_143\">1 656 769 </span><span class=\"S2D30 SC5 S2\" id=\"tx_143\">Ler\u00f8y Vest AS </span><span class=\"S2D31 SC5 S2\" id=\"ty_143\">West </span><span class=\"S2D32 SC5 S2\" id=\"tz_143\">2007, 2022 </span><span class=\"S2D33 S269C S2\" id=\"t10_143\">7) </span><span class=\"S2D34 SC5 S2\" id=\"t11_143\">535 001 </span><span class=\"S2D35 SC5 S2\" id=\"t12_143\">502 529 </span><span class=\"S2D36 SC5 S2\" id=\"t13_143\">18 717 </span><span class=\"S2D37 S269C S2\" id=\"t14_143\">5), 7) </span><span class=\"S2D38 SC4 S2\" id=\"t15_143\">1 056 248 </span><span class=\"S2D39 SC5 S2\" id=\"t16_143\">Sj\u00f8troll Havbruk AS </span><span class=\"S2D3A SC5 S2\" id=\"t17_143\">West </span><span class=\"S2D3B SC5 S2\" id=\"t18_143\">2010 </span><span class=\"S2D3C SC5 S2\" id=\"t19_143\">205 954 </span><span class=\"S2D3D SC5 S2\" id=\"t1a_143\">673 513 </span><span class=\"S2D3E SC4 S2\" id=\"t1b_143\">879 467 </span><span class=\"S2D3F SC5 S2\" id=\"t1c_143\">Ler\u00f8y Aurora AS </span><span class=\"S2D40 SC5 S2\" id=\"t1d_143\">North </span><span class=\"S2D41 SC5 S2\" id=\"t1e_143\">2005, 2014 </span><span class=\"S2D42 S269C S2\" id=\"t1f_143\">2) </span><span class=\"S2D43 SC5 S2\" id=\"t1g_143\">134 567 </span><span class=\"S2D44 SC5 S2\" id=\"t1h_143\">508 572 </span><span class=\"S2D45 SC5 S2\" id=\"t1i_143\">2 000 </span><span class=\"S2D46 SC4 S2\" id=\"t1j_143\">645 139 </span><span class=\"S2D47 SC5 S2\" id=\"t1k_143\">Norsk Oppdrettsservice AS </span><span class=\"S2D48 SC5 S2\" id=\"t1l_143\">West </span><span class=\"S2D49 SC5 S2\" id=\"t1m_143\">2015 </span><span class=\"S2D4A SC5 S2\" id=\"t1n_143\">13 295 </span><span class=\"S2D4B SC5 S2\" id=\"t1o_143\">40 000 </span><span class=\"S2D4C SC4 S2\" id=\"t1p_143\">53 295 </span><span class=\"S2D4D SC5 S2\" id=\"t1q_143\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2D4E SC5 S2\" id=\"t1r_143\">West </span><span class=\"S2D4F SC5 S2\" id=\"t1s_143\">2021 </span><span class=\"S2D50 SC5 S2\" id=\"t1t_143\">5 000 </span><span class=\"S2D51 SC4 S2\" id=\"t1u_143\">5 000 </span><span class=\"S2D52 SC4 S2\" id=\"t1v_143\">Total </span><span class=\"S2D53 SC4 S2\" id=\"t1w_143\">1 845 326 </span><span class=\"S2D54 SC4 S2\" id=\"t1x_143\">2 429 874 </span><span class=\"S2D55 SC4 S2\" id=\"t1y_143\">20 717 </span><span class=\"S2D56 SC4 S2\" id=\"t1z_143\">4 295 917 </span><span class=\"S2D57 SC4 S2\" id=\"t20_143\">VAP, sales and distribution </span><span class=\"S2D58 SC5 S2\" id=\"t21_143\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2D59 SC5 S2\" id=\"t22_143\">2021 </span><span class=\"S2D5A SC5 S2\" id=\"t23_143\">290 335 </span><span class=\"S2D5B SC5 S2\" id=\"t24_143\">0 </span><span class=\"S2D5C SC4 S2\" id=\"t25_143\">290 335 </span><span class=\"S2D5D SC5 S2\" id=\"t26_143\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2D5E SC5 S2\" id=\"t27_143\">2012 </span><span class=\"S2D5F S269C S2\" id=\"t28_143\">4) </span><span class=\"S2D60 SC5 S2\" id=\"t29_143\">149 216 </span><span class=\"S2D61 SC4 S2\" id=\"t2a_143\">149 216 </span><span class=\"S2D62 SC5 S2\" id=\"t2b_143\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2D63 SC5 S2\" id=\"t2c_143\">2005, 2006 </span><span class=\"S2D64 SC5 S2\" id=\"t2d_143\">122 460 </span><span class=\"S2D65 SC5 S2\" id=\"t2e_143\">7 704 </span><span class=\"S2D66 S269C S2\" id=\"t2f_143\">3) </span><span class=\"S2D67 SC4 S2\" id=\"t2g_143\">130 164 </span><span class=\"S2D68 SC5 S2\" id=\"t2h_143\">Ler\u00f8y Fossen AS </span><span class=\"S2D69 SC5 S2\" id=\"t2i_143\">2006 </span><span class=\"S2D6A SC5 S2\" id=\"t2j_143\">23 976 </span><span class=\"S2D6B SC4 S2\" id=\"t2k_143\">23 976 </span><span class=\"S2D6C SC5 S2\" id=\"t2l_143\">Ler\u00f8y Finland OY </span><span class=\"S2D6D SC5 S2\" id=\"t2m_143\">2011 </span><span class=\"S2D6E S269C S2\" id=\"t2n_143\">4) </span><span class=\"S2D6F SC5 S2\" id=\"t2o_143\">21 215 </span><span class=\"S2D70 SC5 S2\" id=\"t2p_143\">119 </span><span class=\"S2D71 S269C S2\" id=\"t2q_143\">3) </span><span class=\"S2D72 SC4 S2\" id=\"t2r_143\">21 334 </span><span class=\"S2D73 SC5 S2\" id=\"t2s_143\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2D74 SC5 S2\" id=\"t2t_143\">2002, 2003 </span><span class=\"S2D75 SC5 S2\" id=\"t2u_143\">17 473 </span><span class=\"S2D76 SC4 S2\" id=\"t2v_143\">17 473 </span><span class=\"S2D77 SC5 S2\" id=\"t2w_143\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2D78 SC5 S2\" id=\"t2x_143\">2001, 2004 </span><span class=\"S2D79 SC5 S2\" id=\"t2y_143\">12 505 </span><span class=\"S2D7A SC4 S2\" id=\"t2z_143\">12 505 </span><span class=\"S2D7B SC5 S2\" id=\"t30_143\">SAS Hallvard Ler\u00f8y </span><span class=\"S2D7C SC5 S2\" id=\"t31_143\">2008 </span><span class=\"S2D7D SC5 S2\" id=\"t32_143\">9 979 </span><span class=\"S2D7E SC4 S2\" id=\"t33_143\">9 979 </span><span class=\"S2D7F SC5 S2\" id=\"t34_143\">Sj\u00f8mathuset AS </span><span class=\"S2D80 SC5 S2\" id=\"t35_143\">2006, 2009 </span><span class=\"S2D81 SC5 S2\" id=\"t36_143\">6 175 </span><span class=\"S2D82 SC5 S2\" id=\"t37_143\">1 250 </span><span class=\"S2D83 S269C S2\" id=\"t38_143\">3) </span><span class=\"S2D84 SC4 S2\" id=\"t39_143\">7 425 </span><span class=\"S2D85 SC5 S2\" id=\"t3a_143\">Ler\u00f8y Tyrkia </span><span class=\"S2D86 SC5 S2\" id=\"t3b_143\">2015 </span><span class=\"S2D87 S269C S2\" id=\"t3c_143\">4) </span><span class=\"S2D88 SC5 S2\" id=\"t3d_143\">5 068 </span><span class=\"S2D89 SC5 S2\" id=\"t3e_143\">36 </span><span class=\"S2D8A SC4 S2\" id=\"t3f_143\">5 104 </span><span class=\"S2D8B SC5 S2\" id=\"t3g_143\">SAS Eurosalmon </span><span class=\"S2D8C SC5 S2\" id=\"t3h_143\">2008 </span><span class=\"S2D8D SC5 S2\" id=\"t3i_143\">4 697 </span><span class=\"S2D8E SC4 S2\" id=\"t3j_143\">4 697 </span><span class=\"S2D8F SC5 S2\" id=\"t3k_143\">Ler\u00f8y Seafood AS </span><span class=\"S2D90 SC5 S2\" id=\"t3l_143\">1997, 2000 </span><span class=\"S2D91 SC5 S2\" id=\"t3m_143\">3 976 </span><span class=\"S2D92 SC5 S2\" id=\"t3n_143\">0 </span><span class=\"S2D93 SC4 S2\" id=\"t3o_143\">3 976 </span><span class=\"S2D94 SC5 S2\" id=\"t3p_143\">Leroy Seafood Italy SRL </span><span class=\"S2D95 SC5 S2\" id=\"t3q_143\">2020 </span><span class=\"S2D96 SC5 S2\" id=\"t3r_143\">0 </span><span class=\"S2D97 SC5 S2\" id=\"t3s_143\">1 972 </span><span class=\"S2D98 S269C S2\" id=\"t3t_143\">3) </span><span class=\"S2D99 SC4 S2\" id=\"t3u_143\">1 972 </span><span class=\"S2D9A SC5 S2\" id=\"t3v_143\">Ler\u00f8y Portugal Ltd </span><span class=\"S2D9B SC5 S2\" id=\"t3w_143\">2004 </span><span class=\"S2D9C SC5 S2\" id=\"t3x_143\">524 </span><span class=\"S2D9D SC5 S2\" id=\"t3y_143\">1 446 </span><span class=\"S2D9E S269C S2\" id=\"t3z_143\">3) </span><span class=\"S2D9F SC4 S2\" id=\"t40_143\">1 970 </span><span class=\"S2DA0 SC5 S2\" id=\"t41_143\">SAS Fish Cut </span><span class=\"S2DA1 SC5 S2\" id=\"t42_143\">2003 </span><span class=\"S2DA2 SC5 S2\" id=\"t43_143\">1 050 </span><span class=\"S2DA3 SC4 S2\" id=\"t44_143\">1 050 </span><span class=\"S2DA4 SC5 S2\" id=\"t45_143\">Ler\u00f8y Processing Spain </span><span class=\"S2DA5 SC5 S2\" id=\"t46_143\">2016 </span><span class=\"S2DA6 SC5 S2\" id=\"t47_143\">0 </span><span class=\"S2DA7 SC5 S2\" id=\"t48_143\">664 </span><span class=\"S2DA8 S269C S2\" id=\"t49_143\">3) </span><span class=\"S2DA9 SC4 S2\" id=\"t4a_143\">664 </span><span class=\"S2DAA SC4 S2\" id=\"t4b_143\">Total </span><span class=\"S2DAB S269C S2\" id=\"t4c_143\">4) </span><span class=\"S2DAC SC4 S2\" id=\"t4d_143\">668 648 </span><span class=\"S2DAD SC4 S2\" id=\"t4e_143\">0 </span><span class=\"S2DAE SC4 S2\" id=\"t4f_143\">13 191 </span><span class=\"S2DAF S2D10 S2\" id=\"t4g_143\">3) </span><span class=\"S2DB0 SC4 S2\" id=\"t4h_143\">681 839 </span><span class=\"S2DB1 SC4 S2\" id=\"t4i_143\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2DB2 SC5 S2\" id=\"t4j_143\">2017-2020 </span><span class=\"S2DB3 SC4 S2\" id=\"t4k_143\">54 803 </span><span class=\"S2DB4 S2D10 S2\" id=\"t4l_143\">6) </span><span class=\"S2DB5 SC4 S2\" id=\"t4m_143\">54 803 </span><span class=\"S2DB6 SC4 S2\" id=\"t4n_143\">Total </span><span class=\"S2DB7 SC4 S2\" id=\"t4o_143\">2 516 619 </span><span class=\"S2DB8 SC4 S2\" id=\"t4p_143\">5 999 540 </span><span class=\"S2DB9 SC4 S2\" id=\"t4q_143\">34 009 </span><span class=\"S2DBA SC4 S2\" id=\"t4r_143\">8 550 168 </span><span class=\"S2DBB SAF1 S2\" id=\"t4s_143\">1) Consists of the Midnor acquisition from 2003 and the Hydrotech acquisition from 2006. The companies are now merged. </span><span class=\"S2DBC SAF1 S2\" id=\"t4t_143\">2) Consists of the Aurora acquisition from 2005, the Villa acquisition from 2014, in addition to paid amount for increased volume in 2017, 2018 </span><span class=\"S2DBD SAF1 S2\" id=\"t4u_143\">and 2020 </span><span class=\"S2DBE SAF1 S2\" id=\"t4v_143\">3) Rights with a de\ufb01nite useful life and are subject to amortisation. </span><span class=\"S2DBF SAF1 S2\" id=\"t4w_143\">4) The change in goodwill comes mainly from currency translation differences related to foreign subsidiaries to NOK (IAS 21) </span><span class=\"S2DC0 SAF1 S2\" id=\"t4x_143\">5) A certain part of the total value has a de\ufb01nite useful life, and is subject to amortisation. </span><span class=\"S2DC1 SAF1 S2\" id=\"t4y_143\">6) Consists of initial costs related to R&amp;D licence granted to LSG ASA, and in process of being accepted. Will be operated by Ler\u00f8y Vest AS </span><span class=\"S2DC2 SAF1 S2\" id=\"t4z_143\">7) Increase is related to acquisition of water fall rights to a power plant, with unde\ufb01nite lifetime </span><span class=\"S1E32 SC8 S2\" id=\"t1_144\">by LSG at the end of the \ufb01nancial </span><span class=\"S2DC3 SC8 S2\" id=\"t2_144\">year according to type, number and </span><span class=\"S2230 SC8 S2\" id=\"t3_144\">volume. The list is based on data </span><span class=\"S2DC4 SC8 S2\" id=\"t4_144\">registered in the Aquaculture Register. </span><span class=\"S2DC5 SC7 S2\" id=\"t5_144\">Licences </span><span class=\"S2DC6 S1C40 S2\" id=\"t6_144\">Licences in the Farming segment </span><span class=\"S1E60 SC8 S2\" id=\"t7_144\">The net book value of licences in the </span><span class=\"S2DC7 SC8 S2\" id=\"t8_144\">Farming segment is NOK 2 484 676 </span><span class=\"S2DC8 SC8 S2\" id=\"t9_144\">including the capitalized costs </span><span class=\"S2DC9 SC8 S2\" id=\"ta_144\">related to the renewal of the R&amp;D </span><span class=\"S2327 SC8 S2\" id=\"tb_144\">licence in Ler\u00f8y Seafood Group ASA. </span><span class=\"S2DCA SC8 S2\" id=\"tc_144\">Below is a list of the licences owned </span><span class=\"S2DCB SC4 S2\" id=\"td_144\">Salmon and trout licences as of </span><span class=\"S2DCC SC4 S2\" id=\"te_144\">31.12.2021, commercial and special </span><span class=\"S2DCD SC4 S2\" id=\"tf_144\">purpose licences </span><span class=\"S2DCE SC4 S2\" id=\"tg_144\">Region West </span><span class=\"S2DCF SC4 S2\" id=\"th_144\">Region Central </span><span class=\"S2DD0 SC4 S2\" id=\"ti_144\">Region North </span><span class=\"S2DD1 SC4 S2\" id=\"tj_144\">Total Group </span><span class=\"S2DD2 SC4 S2\" id=\"tk_144\">Number </span><span class=\"S2DD3 SC4 S2\" id=\"tl_144\">Volume </span><span class=\"S2DD4 SC4 S2\" id=\"tm_144\">(MTB) </span><span class=\"S2DD5 SC4 S2\" id=\"tn_144\">Number </span><span class=\"S2DD6 SC4 S2\" id=\"to_144\">Volume </span><span class=\"S2DD7 SC4 S2\" id=\"tp_144\">(MTB) </span><span class=\"S2DD8 SC4 S2\" id=\"tq_144\">Number </span><span class=\"S2DD9 SC4 S2\" id=\"tr_144\">Volume </span><span class=\"S2DDA SC4 S2\" id=\"ts_144\">(MTB) </span><span class=\"S2DDB SC4 S2\" id=\"tt_144\">Number </span><span class=\"S2DDC SC4 S2\" id=\"tu_144\">Volume </span><span class=\"S2DDD SC4 S2\" id=\"tv_144\">(MTB) </span><span class=\"S2DDE SC5 S2\" id=\"tw_144\">Commercial grow-out licences </span><span class=\"S2DDF S269C S2\" id=\"tx_144\">1) </span><span class=\"S2DE0 SC5 S2\" id=\"ty_144\">57 </span><span class=\"S2DE1 SC5 S2\" id=\"tz_144\">44 013 </span><span class=\"S2DE2 SC5 S2\" id=\"t10_144\">53 </span><span class=\"S2DE3 SC5 S2\" id=\"t11_144\">41 317 </span><span class=\"S2DE4 SC5 S2\" id=\"t12_144\">25 </span><span class=\"S2DE5 SC5 S2\" id=\"t13_144\">25 502 </span><span class=\"S2DE6 SC5 S2\" id=\"t14_144\">135 </span><span class=\"S2DE7 SC5 S2\" id=\"t15_144\">110 831 </span><span class=\"S2DE8 SC5 S2\" id=\"t16_144\">Slaughter cage licences </span><span class=\"S2DE9 SC5 S2\" id=\"t17_144\">1 </span><span class=\"S2DEA SC5 S2\" id=\"t18_144\">780 </span><span class=\"S2DEB SC5 S2\" id=\"t19_144\">1 </span><span class=\"S2DEC SC5 S2\" id=\"t1a_144\">780 </span><span class=\"S2DED SC5 S2\" id=\"t1b_144\">2 </span><span class=\"S2DEE SC5 S2\" id=\"t1c_144\">1 800 </span><span class=\"S2DEF SC5 S2\" id=\"t1d_144\">4 </span><span class=\"S2DF0 SC5 S2\" id=\"t1e_144\">3 360 </span><span class=\"S2DF1 SC5 S2\" id=\"t1f_144\">R&amp;D licences </span><span class=\"S2DF2 S269C S2\" id=\"t1g_144\">2) </span><span class=\"S2DF3 SC5 S2\" id=\"t1h_144\">1 </span><span class=\"S2DF4 SC5 S2\" id=\"t1i_144\">780 </span><span class=\"S2DF5 SC5 S2\" id=\"t1j_144\">1 </span><span class=\"S2DF6 SC5 S2\" id=\"t1k_144\">780 </span><span class=\"S2DF7 SC5 S2\" id=\"t1l_144\">Green farming licences </span><span class=\"S2DF8 SC5 S2\" id=\"t1m_144\">1 </span><span class=\"S2DF9 SC5 S2\" id=\"t1n_144\">780 </span><span class=\"S2DFA SC5 S2\" id=\"t1o_144\">1 </span><span class=\"S2DFB SC5 S2\" id=\"t1p_144\">780 </span><span class=\"S2DFC SC5 S2\" id=\"t1q_144\">Demonstration licences </span><span class=\"S2DFD SC5 S2\" id=\"t1r_144\">1 </span><span class=\"S2DFE SC5 S2\" id=\"t1s_144\">780 </span><span class=\"S2DFF SC5 S2\" id=\"t1t_144\">1 </span><span class=\"S2E00 SC5 S2\" id=\"t1u_144\">780 </span><span class=\"S2E01 SC5 S2\" id=\"t1v_144\">1 </span><span class=\"S2E02 SC5 S2\" id=\"t1w_144\">780 </span><span class=\"S2E03 SC5 S2\" id=\"t1x_144\">3 </span><span class=\"S2E04 SC5 S2\" id=\"t1y_144\">2 340 </span><span class=\"S2E05 SC5 S2\" id=\"t1z_144\">Teaching licences </span><span class=\"S2E06 S269C S2\" id=\"t20_144\">3) </span><span class=\"S2E07 SC5 S2\" id=\"t21_144\">1 </span><span class=\"S2E08 SC5 S2\" id=\"t22_144\">780 </span><span class=\"S2E09 SC5 S2\" id=\"t23_144\">1 </span><span class=\"S2E0A SC5 S2\" id=\"t24_144\">390 </span><span class=\"S2E0B SC5 S2\" id=\"t25_144\">2 </span><span class=\"S2E0C SC5 S2\" id=\"t26_144\">1 170 </span><span class=\"S2E0D SC5 S2\" id=\"t27_144\">Parent \ufb01sh licences </span><span class=\"S2E0E S269C S2\" id=\"t28_144\">4) </span><span class=\"S2E0F SC5 S2\" id=\"t29_144\">2 </span><span class=\"S2E10 SC5 S2\" id=\"t2a_144\">1 560 </span><span class=\"S2E11 SC5 S2\" id=\"t2b_144\">3 </span><span class=\"S2E12 SC5 S2\" id=\"t2c_144\">2 340 </span><span class=\"S2E13 SC5 S2\" id=\"t2d_144\">5 </span><span class=\"S2E14 SC5 S2\" id=\"t2e_144\">3 900 </span><span class=\"S2E15 SC5 S2\" id=\"t2f_144\">Land-based grow-out licence </span><span class=\"S2E16 S269C S2\" id=\"t2g_144\">5) </span><span class=\"S2E17 SC5 S2\" id=\"t2h_144\">1 </span><span class=\"S2E18 SC5 S2\" id=\"t2i_144\">10 000 </span><span class=\"S2E19 SC5 S2\" id=\"t2j_144\">1 </span><span class=\"S2E1A SC5 S2\" id=\"t2k_144\">10 000 </span><span class=\"S2E1B SC4 S2\" id=\"t2l_144\">Total number and volume </span><span class=\"S2E1C SC4 S2\" id=\"t2m_144\">64 </span><span class=\"S2E1D SC4 S2\" id=\"t2n_144\">58 693 </span><span class=\"S2E1E SC4 S2\" id=\"t2o_144\">58 </span><span class=\"S2E1F SC4 S2\" id=\"t2p_144\">45 217 </span><span class=\"S2E20 SC4 S2\" id=\"t2q_144\">30 </span><span class=\"S2E21 SC4 S2\" id=\"t2r_144\">29 252 </span><span class=\"S2E22 SC4 S2\" id=\"t2s_144\">152 </span><span class=\"S2E23 SC4 S2\" id=\"t2t_144\">133 161 </span><span class=\"S2E24 SC4 S2\" id=\"t2u_144\">Salmon and trout licences as of </span><span class=\"S2E25 SC4 S2\" id=\"t2v_144\">31.12.2022, commercial and special </span><span class=\"S2E26 SC4 S2\" id=\"t2w_144\">purpose licences </span><span class=\"S2E27 SC4 S2\" id=\"t2x_144\">Region West </span><span class=\"S2E28 SC4 S2\" id=\"t2y_144\">Region Central </span><span class=\"S2E29 SC4 S2\" id=\"t2z_144\">Region North </span><span class=\"S2E2A SC4 S2\" id=\"t30_144\">Total Group </span><span class=\"S2E2B SC4 S2\" id=\"t31_144\">Number </span><span class=\"S2E2C SC4 S2\" id=\"t32_144\">Volume </span><span class=\"S2E2D SC4 S2\" id=\"t33_144\">(MTB) </span><span class=\"S2E2E SC4 S2\" id=\"t34_144\">Number </span><span class=\"S2E2F SC4 S2\" id=\"t35_144\">Volume </span><span class=\"S2E30 SC4 S2\" id=\"t36_144\">(MTB) </span><span class=\"S2E31 SC4 S2\" id=\"t37_144\">Number </span><span class=\"S2E32 SC4 S2\" id=\"t38_144\">Volume </span><span class=\"S2E33 SC4 S2\" id=\"t39_144\">(MTB) </span><span class=\"S2E34 SC4 S2\" id=\"t3a_144\">Number </span><span class=\"S2E35 SC4 S2\" id=\"t3b_144\">Volume </span><span class=\"S2E36 SC4 S2\" id=\"t3c_144\">(MTB) </span><span class=\"S2E37 SC5 S2\" id=\"t3d_144\">Commercial grow-out licences </span><span class=\"S2E38 S269C S2\" id=\"t3e_144\">1) </span><span class=\"S2E39 SC5 S2\" id=\"t3f_144\">57 </span><span class=\"S2E3A SC5 S2\" id=\"t3g_144\">41 372 </span><span class=\"S2E3B SC5 S2\" id=\"t3h_144\">53 </span><span class=\"S2E3C SC5 S2\" id=\"t3i_144\">41 317 </span><span class=\"S2E3D SC5 S2\" id=\"t3j_144\">25 </span><span class=\"S2E3E SC5 S2\" id=\"t3k_144\">25 502 </span><span class=\"S2E3F SC5 S2\" id=\"t3l_144\">135 </span><span class=\"S2E40 SC5 S2\" id=\"t3m_144\">108 190 </span><span class=\"S2E41 SC5 S2\" id=\"t3n_144\">Slaughter cage licences </span><span class=\"S2E42 SC5 S2\" id=\"t3o_144\">1 </span><span class=\"S2E43 SC5 S2\" id=\"t3p_144\">780 </span><span class=\"S2E44 SC5 S2\" id=\"t3q_144\">1 </span><span class=\"S2E45 SC5 S2\" id=\"t3r_144\">780 </span><span class=\"S2E46 SC5 S2\" id=\"t3s_144\">2 </span><span class=\"S2E47 SC5 S2\" id=\"t3t_144\">1 800 </span><span class=\"S2E48 SC5 S2\" id=\"t3u_144\">4 </span><span class=\"S2E49 SC5 S2\" id=\"t3v_144\">3 360 </span><span class=\"S2E4A SC5 S2\" id=\"t3w_144\">R&amp;D licences </span><span class=\"S2E4B S269C S2\" id=\"t3x_144\">2) </span><span class=\"S2E4C SC5 S2\" id=\"t3y_144\">1 </span><span class=\"S2E4D SC5 S2\" id=\"t3z_144\">780 </span><span class=\"S2E4E SC5 S2\" id=\"t40_144\">1 </span><span class=\"S2E4F SC5 S2\" id=\"t41_144\">780 </span><span class=\"S2E50 SC5 S2\" id=\"t42_144\">Green farming licences </span><span class=\"S2E51 SC5 S2\" id=\"t43_144\">1 </span><span class=\"S2E52 SC5 S2\" id=\"t44_144\">733 </span><span class=\"S2E53 SC5 S2\" id=\"t45_144\">1 </span><span class=\"S2E54 SC5 S2\" id=\"t46_144\">733 </span><span class=\"S2E55 SC5 S2\" id=\"t47_144\">Demonstration licences </span><span class=\"S2E56 SC5 S2\" id=\"t48_144\">1 </span><span class=\"S2E57 SC5 S2\" id=\"t49_144\">780 </span><span class=\"S2E58 SC5 S2\" id=\"t4a_144\">1 </span><span class=\"S2E59 SC5 S2\" id=\"t4b_144\">780 </span><span class=\"S2E5A SC5 S2\" id=\"t4c_144\">1 </span><span class=\"S2E5B SC5 S2\" id=\"t4d_144\">780 </span><span class=\"S2E5C SC5 S2\" id=\"t4e_144\">3 </span><span class=\"S2E5D SC5 S2\" id=\"t4f_144\">2 340 </span><span class=\"S2E5E SC5 S2\" id=\"t4g_144\">Teaching licences </span><span class=\"S2E5F S269C S2\" id=\"t4h_144\">3) </span><span class=\"S2E60 SC5 S2\" id=\"t4i_144\">1 </span><span class=\"S2E61 SC5 S2\" id=\"t4j_144\">780 </span><span class=\"S2E62 SC5 S2\" id=\"t4k_144\">1 </span><span class=\"S2E63 SC5 S2\" id=\"t4l_144\">390 </span><span class=\"S2E64 SC5 S2\" id=\"t4m_144\">2 </span><span class=\"S2E65 SC5 S2\" id=\"t4n_144\">1 170 </span><span class=\"S2E66 SC5 S2\" id=\"t4o_144\">Parent \ufb01sh licences </span><span class=\"S2E67 S269C S2\" id=\"t4p_144\">4) </span><span class=\"S2E68 SC5 S2\" id=\"t4q_144\">2 </span><span class=\"S2E69 SC5 S2\" id=\"t4r_144\">1 560 </span><span class=\"S2E6A SC5 S2\" id=\"t4s_144\">3 </span><span class=\"S2E6B SC5 S2\" id=\"t4t_144\">2 340 </span><span class=\"S2E6C SC5 S2\" id=\"t4u_144\">5 </span><span class=\"S2E6D SC5 S2\" id=\"t4v_144\">3 900 </span><span class=\"S2E6E SC5 S2\" id=\"t4w_144\">Land-based grow-out licence </span><span class=\"S2E6F S269C S2\" id=\"t4x_144\">5) </span><span class=\"S2E70 SC5 S2\" id=\"t4y_144\">1 </span><span class=\"S2E71 SC5 S2\" id=\"t4z_144\">10 000 </span><span class=\"S2E72 SC5 S2\" id=\"t50_144\">1 </span><span class=\"S2E73 SC5 S2\" id=\"t51_144\">10 000 </span><span class=\"S2E74 SC4 S2\" id=\"t52_144\">Total number and volume </span><span class=\"S2E75 SC4 S2\" id=\"t53_144\">64 </span><span class=\"S2E76 SC4 S2\" id=\"t54_144\">56 005 </span><span class=\"S2E77 SC4 S2\" id=\"t55_144\">58 </span><span class=\"S2E78 SC4 S2\" id=\"t56_144\">45 217 </span><span class=\"S2E79 SC4 S2\" id=\"t57_144\">30 </span><span class=\"S2E7A SC4 S2\" id=\"t58_144\">29 252 </span><span class=\"S2E7B SC4 S2\" id=\"t59_144\">152 </span><span class=\"S2E7C SC4 S2\" id=\"t5a_144\">130 473 </span><span class=\"S2E7D SAF1 S2\" id=\"t5b_144\">1) </span><span class=\"S2E7E SAF1 S2\" id=\"t5c_144\">The commercial </span><span class=\"S2E7F S2E94 S2\" id=\"t5d_144\">grown-out </span><span class=\"S2E80 SAF1 S2\" id=\"t5e_144\">licences are described further below. </span><span class=\"S2E81 SAF1 S2\" id=\"t5f_144\">2) The </span><span class=\"S2E82 S2E94 S2\" id=\"t5g_144\">R&amp;D licences </span><span class=\"S2E83 SAF1 S2\" id=\"t5h_144\">are time-limited with a duration of three years, from time of project start. The licences have zero purchase price, and </span><span class=\"S2E84 SAF1 S2\" id=\"t5i_144\">therefore no depreciation. The R&amp;D licence allocated to Ler\u00f8y Aurora in the table above legally belongs to Akvaplan Niva (third party), but is </span><span class=\"S2E85 SAF1 S2\" id=\"t5j_144\">operated by Ler\u00f8y Aurora. </span><span class=\"S2E86 SAF1 S2\" id=\"t5k_144\">3) The </span><span class=\"S2E87 S2E94 S2\" id=\"t5l_144\">teaching licences </span><span class=\"S2E88 SAF1 S2\" id=\"t5m_144\">are considered time-limited with a duration of 10 years. The licences have zero purchase price, and therefore no </span><span class=\"S2E89 SAF1 S2\" id=\"t5n_144\">depreciation. The teaching licence allocated to Ler\u00f8y Aurora in the table above legally belongs to Troms- og Finnmark Fylkeskommune </span><span class=\"S2E8A SAF1 S2\" id=\"t5o_144\">(third party), but is operated by Ler\u00f8y Aurora. </span><span class=\"S2E8B SAF1 S2\" id=\"t5p_144\">4) One of the </span><span class=\"S2E8C S2E94 S2\" id=\"t5q_144\">parent \ufb01sh licence </span><span class=\"S2E8D SAF1 S2\" id=\"t5r_144\">owned by Ler\u00f8y Midt, is operated by Ler\u00f8y Aurora. </span><span class=\"S2E8E SAF1 S2\" id=\"t5s_144\">5) The land-based grow-out licence is owned by Ler\u00f8y \u00c5rskog AS. The licence permits production of land-based salmon or trout or juvenile \ufb01sh </span><span class=\"S2E8F SAF1 S2\" id=\"t5t_144\">or a combination, for a total volume of 10,000 tonnes. Theoretically the authorities may withdraw this licence if the production has not </span><span class=\"S2E90 SAF1 S2\" id=\"t5u_144\">started within two years after reward date. The licences was awarded the 25th of March 2019. The risk for withdrawal is considered as low, </span><span class=\"S2E91 SAF1 S2\" id=\"t5v_144\">since the ground work for the plant is started. </span><span class=\"S2E92 SAF1 S2\" id=\"t5w_144\">For a more detailed explanation of why farming licences are deemed to have an inde\ufb01nite useful life and are therefore not subject to </span><span class=\"S2E93 SAF1 S2\" id=\"t5x_144\">amortisation, please see item (X) in the note on accounting policies. </span><span class=\"S2E95 SC4 S2\" id=\"t1_145\">Commercial grow-out licences </span><span class=\"S2E96 SC4 S2\" id=\"t2_145\">for salmon and trout </span><span class=\"S2E97 SC4 S2\" id=\"t3_145\">Region West </span><span class=\"S2E98 SC4 S2\" id=\"t4_145\">Region Central </span><span class=\"S2E99 SC4 S2\" id=\"t5_145\">Region North </span><span class=\"S2E9A SC4 S2\" id=\"t6_145\">Total Group </span><span class=\"S2E9B SC4 S2\" id=\"t7_145\">Number </span><span class=\"S2E9C SC4 S2\" id=\"t8_145\">Volume </span><span class=\"S2E9D SC4 S2\" id=\"t9_145\">(MTB) </span><span class=\"S2E9E SC4 S2\" id=\"ta_145\">Number </span><span class=\"S2E9F SC4 S2\" id=\"tb_145\">Volume </span><span class=\"S2EA0 SC4 S2\" id=\"tc_145\">(MTB) </span><span class=\"S2EA1 SC4 S2\" id=\"td_145\">Number </span><span class=\"S2EA2 SC4 S2\" id=\"te_145\">Volume </span><span class=\"S2EA3 SC4 S2\" id=\"tf_145\">(MTB) </span><span class=\"S2EA4 SC4 S2\" id=\"tg_145\">Number </span><span class=\"S2EA5 SC4 S2\" id=\"th_145\">Volume </span><span class=\"S2EA6 SC4 S2\" id=\"ti_145\">(MTB) </span><span class=\"S2EA7 SC4 S2\" id=\"tj_145\">Status as of 01.01.2021 </span><span class=\"S2EA8 SC5 S2\" id=\"tk_145\">57 </span><span class=\"S2EA9 SC5 S2\" id=\"tl_145\">44 013 </span><span class=\"S2EAA SC5 S2\" id=\"tm_145\">53 </span><span class=\"S2EAB SC5 S2\" id=\"tn_145\">41 317 </span><span class=\"S2EAC SC5 S2\" id=\"to_145\">25 </span><span class=\"S2EAD SC5 S2\" id=\"tp_145\">25 502 </span><span class=\"S2EAE SC5 S2\" id=\"tq_145\">135 </span><span class=\"S2EAF SC5 S2\" id=\"tr_145\">110 831 </span><span class=\"S2EB0 SC4 S2\" id=\"ts_145\">Changes in 2021 </span><span class=\"S2EB1 SC5 S2\" id=\"tt_145\">Temporary deductions in PA / reversal of deduction </span><span class=\"S2EB2 SC5 S2\" id=\"tu_145\">0 </span><span class=\"S2EB3 SC5 S2\" id=\"tv_145\">Growth purchased </span><span class=\"S2EB4 SC5 S2\" id=\"tw_145\">0 </span><span class=\"S2EB5 SC4 S2\" id=\"tx_145\">Status as of 31.12.2021 </span><span class=\"S2EB6 SC4 S2\" id=\"ty_145\">57 </span><span class=\"S2EB7 SC4 S2\" id=\"tz_145\">44 013 </span><span class=\"S2EB8 SC4 S2\" id=\"t10_145\">53 </span><span class=\"S2EB9 SC4 S2\" id=\"t11_145\">41 317 </span><span class=\"S2EBA SC4 S2\" id=\"t12_145\">25 </span><span class=\"S2EBB SC4 S2\" id=\"t13_145\">25 502 </span><span class=\"S2EBC SC4 S2\" id=\"t14_145\">135 </span><span class=\"S2EBD SC4 S2\" id=\"t15_145\">110 831 </span><span class=\"S2EBE SC4 S2\" id=\"t16_145\">Changes in 2022 </span><span class=\"S2EBF SC5 S2\" id=\"t17_145\">Temporary deductions in PA / reversal of deduction </span><span class=\"S2EC0 SC5 S2\" id=\"t18_145\">-2 641 </span><span class=\"S2EC1 SC5 S2\" id=\"t19_145\">-2 641 </span><span class=\"S2EC2 SC5 S2\" id=\"t1a_145\">Growth purchased </span><span class=\"S2EC3 SC5 S2\" id=\"t1b_145\">0 </span><span class=\"S2EC4 SC4 S2\" id=\"t1c_145\">Status as of 31.12.2022 </span><span class=\"S2EC5 SC4 S2\" id=\"t1d_145\">57 </span><span class=\"S2EC6 SC4 S2\" id=\"t1e_145\">41 372 </span><span class=\"S2EC7 SC4 S2\" id=\"t1f_145\">53 </span><span class=\"S2EC8 SC4 S2\" id=\"t1g_145\">41 317 </span><span class=\"S2EC9 SC4 S2\" id=\"t1h_145\">25 </span><span class=\"S2ECA SC4 S2\" id=\"t1i_145\">25 502 </span><span class=\"S2ECB SC4 S2\" id=\"t1j_145\">135 </span><span class=\"S2ECC SC4 S2\" id=\"t1k_145\">108 191 </span><span class=\"S2ECD SC4 S2\" id=\"t1l_145\">Grow-out licences as of 31.12 per production area (PA) </span><span class=\"S2ECE SC5 S2\" id=\"t1m_145\">PA 3 </span><span class=\"S2ECF SAF1 S2\" id=\"t1n_145\">Yellow </span><span class=\"S2ED0 SC5 S2\" id=\"t1o_145\">37 </span><span class=\"S2ED1 SC5 S2\" id=\"t1p_145\">27 128 </span><span class=\"S2ED2 SC5 S2\" id=\"t1q_145\">37 </span><span class=\"S2ED3 SC5 S2\" id=\"t1r_145\">27 128 </span><span class=\"S2ED4 SC5 S2\" id=\"t1s_145\">PA 4 </span><span class=\"S2ED5 SAF1 S2\" id=\"t1t_145\">Red </span><span class=\"S2ED6 SC5 S2\" id=\"t1u_145\">20 </span><span class=\"S2ED7 SC5 S2\" id=\"t1v_145\">14 244 </span><span class=\"S2ED8 SC5 S2\" id=\"t1w_145\">20 </span><span class=\"S2ED9 SC5 S2\" id=\"t1x_145\">14 244 </span><span class=\"S2EDA SC5 S2\" id=\"t1y_145\">PA 5 </span><span class=\"S2EDB SAF1 S2\" id=\"t1z_145\">Red </span><span class=\"S2EDC SC5 S2\" id=\"t20_145\">8 </span><span class=\"S2EDD SC5 S2\" id=\"t21_145\">5 866 </span><span class=\"S2EDE SC5 S2\" id=\"t22_145\">8 </span><span class=\"S2EDF SC5 S2\" id=\"t23_145\">5 866 </span><span class=\"S2EE0 SC5 S2\" id=\"t24_145\">PA 6 </span><span class=\"S2EE1 SAF1 S2\" id=\"t25_145\">Green </span><span class=\"S2EE2 SC5 S2\" id=\"t26_145\">45 </span><span class=\"S2EE3 SC5 S2\" id=\"t27_145\">35 451 </span><span class=\"S2EE4 SC5 S2\" id=\"t28_145\">45 </span><span class=\"S2EE5 SC5 S2\" id=\"t29_145\">35 451 </span><span class=\"S2EE6 SC5 S2\" id=\"t2a_145\">PA 11 </span><span class=\"S2EE7 SAF1 S2\" id=\"t2b_145\">Green </span><span class=\"S2EE8 SC5 S2\" id=\"t2c_145\">17 </span><span class=\"S2EE9 SC5 S2\" id=\"t2d_145\">16 962 </span><span class=\"S2EEA SC5 S2\" id=\"t2e_145\">17 </span><span class=\"S2EEB SC5 S2\" id=\"t2f_145\">16 962 </span><span class=\"S2EEC SC5 S2\" id=\"t2g_145\">PA 13 </span><span class=\"S2EED SAF1 S2\" id=\"t2h_145\">Green </span><span class=\"S2EEE SC5 S2\" id=\"t2i_145\">8 </span><span class=\"S2EEF SC5 S2\" id=\"t2j_145\">8 540 </span><span class=\"S2EF0 SC5 S2\" id=\"t2k_145\">8 </span><span class=\"S2EF1 SC5 S2\" id=\"t2l_145\">8 540 </span><span class=\"S2EF2 SC4 S2\" id=\"t2m_145\">Status as of 31.12.2022 </span><span class=\"S2EF3 SC4 S2\" id=\"t2n_145\">57 </span><span class=\"S2EF4 SC4 S2\" id=\"t2o_145\">41 372 </span><span class=\"S2EF5 SC4 S2\" id=\"t2p_145\">53 </span><span class=\"S2EF6 SC4 S2\" id=\"t2q_145\">41 317 </span><span class=\"S2EF7 SC4 S2\" id=\"t2r_145\">25 </span><span class=\"S2EF8 SC4 S2\" id=\"t2s_145\">25 502 </span><span class=\"S2EF9 SC4 S2\" id=\"t2t_145\">135 </span><span class=\"S2EFA SC4 S2\" id=\"t2u_145\">108 190 </span><span class=\"S2EFB SC5 S2\" id=\"t2v_145\">The colors relate to the \u00abtraf\ufb01c light system\u00bb. The traf\ufb01c light system is described in the note on accounting principles under section about licences. </span><span class=\"S2EFC S2F63 S2\" id=\"t2w_145\">Red area: </span><span class=\"S2EFD SAF1 S2\" id=\"t2x_145\">Temporary reduction in volume of 6% in PO 3 and PO 4, which equals a reduction of 2.641 tons. This is the second time PO 4 has expe- </span><span class=\"S2EFE SAF1 S2\" id=\"t2y_145\">rienced a reduction in production capacy. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2EFF S2F63 S2\" id=\"t2z_145\">Yellow area</span><span class=\"S2F00 SAF1 S2\" id=\"t30_145\">: No changes in volume. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2F01 S2F63 S2\" id=\"t31_145\">Green area: </span><span class=\"S2F02 SAF1 S2\" id=\"t32_145\">Is opened for growth. The Group did not buy any growth offered in 2022. The color will be subjected to a new evaluation in 2024. </span><span class=\"S2F03 SC4 S2\" id=\"t33_145\">Other farming licences </span><span class=\"S2F04 SC4 S2\" id=\"t34_145\">Region West </span><span class=\"S2F05 SC4 S2\" id=\"t35_145\">Region Central </span><span class=\"S2F06 SC4 S2\" id=\"t36_145\">Region North </span><span class=\"S2F07 SC4 S2\" id=\"t37_145\">Total Group </span><span class=\"S2F08 SC4 S2\" id=\"t38_145\">Number </span><span class=\"S2F09 SC4 S2\" id=\"t39_145\">Volume </span><span class=\"S2F0A SC4 S2\" id=\"t3a_145\">(MTB) </span><span class=\"S2F0B SC4 S2\" id=\"t3b_145\">Number </span><span class=\"S2F0C SC4 S2\" id=\"t3c_145\">Volume </span><span class=\"S2F0D SC4 S2\" id=\"t3d_145\">(MTB) </span><span class=\"S2F0E SC4 S2\" id=\"t3e_145\">Number </span><span class=\"S2F0F SC4 S2\" id=\"t3f_145\">Volume </span><span class=\"S2F10 SC4 S2\" id=\"t3g_145\">(MTB) </span><span class=\"S2F11 SC4 S2\" id=\"t3h_145\">Number </span><span class=\"S2F12 SC4 S2\" id=\"t3i_145\">Volume </span><span class=\"S2F13 SC4 S2\" id=\"t3j_145\">(MTB) </span><span class=\"S2F14 SC4 S2\" id=\"t3k_145\">Status as of 31.12.2021 </span><span class=\"S2F15 SC5 S2\" id=\"t3l_145\">Juvenile \ufb01sh licences </span><span class=\"S2F16 SC5 S2\" id=\"t3m_145\">13.0 </span><span class=\"S2F17 SC5 S2\" id=\"t3n_145\">38.9 </span><span class=\"S2F18 SC5 S2\" id=\"t3o_145\">6.0 </span><span class=\"S2F19 SC5 S2\" id=\"t3p_145\">23.6 </span><span class=\"S2F1A SC5 S2\" id=\"t3q_145\">1.0 </span><span class=\"S2F1B SC5 S2\" id=\"t3r_145\">15.2 </span><span class=\"S2F1C SC5 S2\" id=\"t3s_145\">20.0 </span><span class=\"S2F1D SC5 S2\" id=\"t3t_145\">77.7 </span><span class=\"S2F1E SC5 S2\" id=\"t3u_145\">Cleaner \ufb01sh licences </span><span class=\"S2F1F SC5 S2\" id=\"t3v_145\">4.0 </span><span class=\"S2F20 SC5 S2\" id=\"t3w_145\">9.0 </span><span class=\"S2F21 SC5 S2\" id=\"t3x_145\">1.0 </span><span class=\"S2F22 SC5 S2\" id=\"t3y_145\">2.5 </span><span class=\"S2F23 SC5 S2\" id=\"t3z_145\">1.0 </span><span class=\"S2F24 SC5 S2\" id=\"t40_145\">2.5 </span><span class=\"S2F25 SC5 S2\" id=\"t41_145\">6.0 </span><span class=\"S2F26 SC5 S2\" id=\"t42_145\">14.0 </span><span class=\"S2F27 SC4 S2\" id=\"t43_145\">Total </span><span class=\"S2F28 SC4 S2\" id=\"t44_145\">17 </span><span class=\"S2F29 SC4 S2\" id=\"t45_145\">47.9 </span><span class=\"S2F2A SC4 S2\" id=\"t46_145\">7 </span><span class=\"S2F2B SC4 S2\" id=\"t47_145\">26.1 </span><span class=\"S2F2C SC4 S2\" id=\"t48_145\">2 </span><span class=\"S2F2D SC4 S2\" id=\"t49_145\">17.7 </span><span class=\"S2F2E SC4 S2\" id=\"t4a_145\">26 </span><span class=\"S2F2F SC4 S2\" id=\"t4b_145\">91.7 </span><span class=\"S2F30 SC4 S2\" id=\"t4c_145\">Changes in 2022 </span><span class=\"S2F31 SC5 S2\" id=\"t4d_145\">Juvenile \ufb01sh licences </span><span class=\"S2F32 SC5 S2\" id=\"t4e_145\">-2.0 </span><span class=\"S2F33 SC5 S2\" id=\"t4f_145\">-4.1 </span><span class=\"S2F34 SC5 S2\" id=\"t4g_145\">-2.0 </span><span class=\"S2F35 SC5 S2\" id=\"t4h_145\">-4.1 </span><span class=\"S2F36 SC5 S2\" id=\"t4i_145\">Cleaner \ufb01sh licences </span><span class=\"S2F37 SC5 S2\" id=\"t4j_145\">0.0 </span><span class=\"S2F38 SC5 S2\" id=\"t4k_145\">0.0 </span><span class=\"S2F39 SC4 S2\" id=\"t4l_145\">Total </span><span class=\"S2F3A SC4 S2\" id=\"t4m_145\">-2.0 </span><span class=\"S2F3B SC4 S2\" id=\"t4n_145\">-4.1 </span><span class=\"S2F3C SC4 S2\" id=\"t4o_145\">0.0 </span><span class=\"S2F3D SC4 S2\" id=\"t4p_145\">0.0 </span><span class=\"S2F3E SC4 S2\" id=\"t4q_145\">0.0 </span><span class=\"S2F3F SC4 S2\" id=\"t4r_145\">0.0 </span><span class=\"S2F40 SC4 S2\" id=\"t4s_145\">-2.0 </span><span class=\"S2F41 SC4 S2\" id=\"t4t_145\">-4.1 </span><span class=\"S2F42 SC4 S2\" id=\"t4u_145\">Status as of 31.12.2022 </span><span class=\"S2F43 SC5 S2\" id=\"t4v_145\">Juvenile \ufb01sh licences </span><span class=\"S2F44 SC5 S2\" id=\"t4w_145\">11.0 </span><span class=\"S2F45 SC5 S2\" id=\"t4x_145\">34.9 </span><span class=\"S2F46 SC5 S2\" id=\"t4y_145\">6.0 </span><span class=\"S2F47 SC5 S2\" id=\"t4z_145\">23.6 </span><span class=\"S2F48 SC5 S2\" id=\"t50_145\">1.0 </span><span class=\"S2F49 SC5 S2\" id=\"t51_145\">15.2 </span><span class=\"S2F4A SC5 S2\" id=\"t52_145\">18.0 </span><span class=\"S2F4B SC5 S2\" id=\"t53_145\">73.6 </span><span class=\"S2F4C SC5 S2\" id=\"t54_145\">Cleaner \ufb01sh licences </span><span class=\"S2F4D SC5 S2\" id=\"t55_145\">4.0 </span><span class=\"S2F4E SC5 S2\" id=\"t56_145\">9.0 </span><span class=\"S2F4F SC5 S2\" id=\"t57_145\">1.0 </span><span class=\"S2F50 SC5 S2\" id=\"t58_145\">2.5 </span><span class=\"S2F51 SC5 S2\" id=\"t59_145\">1.0 </span><span class=\"S2F52 SC5 S2\" id=\"t5a_145\">2.5 </span><span class=\"S2F53 SC5 S2\" id=\"t5b_145\">6.0 </span><span class=\"S2F54 SC5 S2\" id=\"t5c_145\">14.0 </span><span class=\"S2F55 SC4 S2\" id=\"t5d_145\">Total </span><span class=\"S2F56 SC4 S2\" id=\"t5e_145\">15.0 </span><span class=\"S2F57 SC4 S2\" id=\"t5f_145\">43.9 </span><span class=\"S2F58 SC4 S2\" id=\"t5g_145\">7.0 </span><span class=\"S2F59 SC4 S2\" id=\"t5h_145\">26.1 </span><span class=\"S2F5A SC4 S2\" id=\"t5i_145\">2.0 </span><span class=\"S2F5B SC4 S2\" id=\"t5j_145\">17.7 </span><span class=\"S2F5C SC4 S2\" id=\"t5k_145\">24.0 </span><span class=\"S2F5D SC4 S2\" id=\"t5l_145\">87.6 </span><span class=\"S2F5E SC5 S2\" id=\"t5m_145\">The Group has also licences to cultivate seaweed in Vestland county. These are located in the same geographical area as the licences for </span><span class=\"S2F5F SC5 S2\" id=\"t5n_145\">salmon farming. The licences alows a cultivation of a total of 1013 decares. Furthermore, the Group have two seaweed licences totalling 830 </span><span class=\"S2F60 SC5 S2\" id=\"t5o_145\">decares under process of approval. These licences have normally inde\ufb01nite lifetime. The licences are awarded after an application process, </span><span class=\"S2F61 SC5 S2\" id=\"t5p_145\">and have no purchase price. </span><span class=\"S2F64 SC8 S2\" id=\"t1_146\">vessels in operation, the \ufb01sheries </span><span class=\"S2F65 SC8 S2\" id=\"t2_146\">authorities have implemented </span><span class=\"S2F66 SC8 S2\" id=\"t3_146\">schemes allowing for companies to </span><span class=\"S2F67 SC8 S2\" id=\"t4_146\">merge several quota units per vessel </span><span class=\"S2F68 SC8 S2\" id=\"t5_146\">in return for the permanent removal </span><span class=\"S2F69 SC8 S2\" id=\"t6_146\">of vessels that have handed over their </span><span class=\"S2F6A SC8 S2\" id=\"t7_146\">quotas from the registry of \ufb01sheries. </span><span class=\"S2F6B SC8 S2\" id=\"t8_146\">Each vessel has one cod trawling </span><span class=\"S2F6C SC8 S2\" id=\"t9_146\">permit, a so-called basic quota. </span><span class=\"S2F6D SC8 S2\" id=\"ta_146\">Vessels can also have so-called </span><span class=\"SD0A SC8 S2\" id=\"tb_146\">structural quotas for cod trawling. In </span><span class=\"S2F6E SC8 S2\" id=\"tc_146\">total, one vessel cannot have more </span><span class=\"S2F6F SC8 S2\" id=\"td_146\">than four quotas per \ufb01sh species. The </span><span class=\"SD0D SC8 S2\" id=\"te_146\">structural quotas have a limited </span><span class=\"S2F70 SC8 S2\" id=\"tf_146\">duration according to the scheme in </span><span class=\"S2F71 SC8 S2\" id=\"tg_146\">place when the quota was structured. </span><span class=\"S2F72 SC8 S2\" id=\"th_146\">In principle, there are two schemes for </span><span class=\"S2F73 SC8 S2\" id=\"ti_146\">structural quotas, comprising 20 and </span><span class=\"S2F74 SC8 S2\" id=\"tj_146\">25 years\u2019 duration. The new scheme </span><span class=\"S2F75 SC8 S2\" id=\"tk_146\">for structural quotas was introduced </span><span class=\"S2F76 SC8 S2\" id=\"tl_146\">in 2007. Structural quotas allocated </span><span class=\"S2F77 SC8 S2\" id=\"tm_146\">before 2007 have a duration of 25 </span><span class=\"S2F78 SC8 S2\" id=\"tn_146\">years starting in 2008, while quotas </span><span class=\"S2F79 SC8 S2\" id=\"to_146\">allocated after 2008 have a duration </span><span class=\"S2F7A SC8 S2\" id=\"tp_146\">of 20 years. </span><span class=\"S2F7B SC8 S2\" id=\"tq_146\">The main purpose of the structure </span><span class=\"S2F7C SC8 S2\" id=\"tr_146\">schemes is to reduce the number of </span><span class=\"S2F7D SC8 S2\" id=\"ts_146\">vessels participating in individual </span><span class=\"S2F7E SC8 S2\" id=\"tt_146\">\ufb01sheries, thereby facilitating improved </span><span class=\"S2F7F SC8 S2\" id=\"tu_146\">pro\ufb01tability for the remaining vessels </span><span class=\"S2F80 SC8 S2\" id=\"tv_146\">\u2013 i.e. improving ef\ufb01ciency within a </span><span class=\"S2F81 SC8 S2\" id=\"tw_146\">regulated framework. Moreover, the </span><span class=\"S2F82 SC8 S2\" id=\"tx_146\">schemes are intended to adapt \ufb02eet </span><span class=\"S2F83 SC8 S2\" id=\"ty_146\">capacity to the basic resources. </span><span class=\"S2F84 SC8 S2\" id=\"tz_146\">At </span><span class=\"S2F85 SC8 S2\" id=\"t10_146\">the end of the duration of 20 and 25 </span><span class=\"S2F86 SC8 S2\" id=\"t11_146\">years respectively, the structural </span><span class=\"S2F87 SC8 S2\" id=\"t12_146\">quotas are no longer valid and the </span><span class=\"S2F88 SC8 S2\" id=\"t13_146\">total quotas will be distributed among </span><span class=\"S2F89 SC8 S2\" id=\"t14_146\">all parties in the regulation group in </span><span class=\"S2F8A SC8 S2\" id=\"t15_146\">question, as basic quotas. Basic </span><span class=\"S2F8B SC8 S2\" id=\"t16_146\">quotas do not have any time limits. </span><span class=\"S2F8C SC8 S2\" id=\"t17_146\">Ler\u00f8y Hav\ufb01sk AS \u2013 and Ler\u00f8y Norway </span><span class=\"S2F8D SC8 S2\" id=\"t18_146\">Seafoods AS to a limited extent \u2013 is </span><span class=\"S2F8E SC8 S2\" id=\"t19_146\">involved in \ufb01shing in Norway pursuant </span><span class=\"S2F8F SC8 S2\" id=\"t1a_146\">to the provisions in inter alia the Act </span><span class=\"S7F5 SC8 S2\" id=\"t1b_146\">The Wild catch segment comprises </span><span class=\"S2F90 SC8 S2\" id=\"t1c_146\">the two sub-groups, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2F91 SC8 S2\" id=\"t1d_146\">and Ler\u00f8y Norway Seafoods AS. </span><span class=\"S2F92 SC8 S2\" id=\"t1e_146\">Ler\u00f8y Hav\ufb01sk AS is a shipowning </span><span class=\"S2F93 SC8 S2\" id=\"t1f_146\">company, with trawlers involved in </span><span class=\"S2F94 SC8 S2\" id=\"t1g_146\">wild catches. Ler\u00f8y Norway Seafoods </span><span class=\"S2F95 SC8 S2\" id=\"t1h_146\">AS is involved in the receipt and </span><span class=\"S2F96 SC8 S2\" id=\"t1i_146\">processing of wild caught white\ufb01sh. </span><span class=\"S2F97 SC8 S2\" id=\"t1j_146\">The licences in this segment are owned </span><span class=\"S2F98 SC8 S2\" id=\"t1k_146\">by the sub-group, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2F99 SC8 S2\" id=\"t1l_146\">(vessel owning subsidiaries). The </span><span class=\"S2F9A SC8 S2\" id=\"t1m_146\">licences are governed by an obligation </span><span class=\"S2F9B SC8 S2\" id=\"t1n_146\">to supply products to the regions where </span><span class=\"S2F9C SC8 S2\" id=\"t1o_146\">the licences are located, i.e. Finnmark </span><span class=\"S2F9D SC8 S2\" id=\"t1p_146\">and Nordland. This implies that buyers </span><span class=\"S2F9E SC8 S2\" id=\"t1q_146\">in those regions have priority over </span><span class=\"S2F9F SC8 S2\" id=\"t1r_146\">other buyers of \ufb01sh. The details of the </span><span class=\"S2FA0 SC8 S2\" id=\"t1s_146\">supply obligation are stipulated in </span><span class=\"S2FA1 SC8 S2\" id=\"t1t_146\">the licence terms for the individual </span><span class=\"S2FA2 SC8 S2\" id=\"t1u_146\">licence unit. This may be a region but </span><span class=\"S2FA3 SC8 S2\" id=\"t1v_146\">could also be a speci\ufb01c buyer. The </span><span class=\"S2FA4 SC8 S2\" id=\"t1w_146\">principle for pricing is the average </span><span class=\"S2FA5 SC8 S2\" id=\"t1x_146\">price realised for the species of \ufb01sh in </span><span class=\"S2FA6 SC8 S2\" id=\"t1y_146\">question over the past two weeks, </span><span class=\"S2FA7 SC8 S2\" id=\"t1z_146\">taking into account condition, size and </span><span class=\"S2FA8 SC8 S2\" id=\"t20_146\">quality. Ler\u00f8y Hav\ufb01sk AS is also subject </span><span class=\"S2FA9 SC8 S2\" id=\"t21_146\">to a so-called \u00abindustrial obligation\u00bb </span><span class=\"S2FAA SC8 S2\" id=\"t22_146\">(obligation to keep the business going) </span><span class=\"S2FAB SC8 S2\" id=\"t23_146\">in Stamsund, Melbu, Hammerfest, </span><span class=\"S2FAC SC8 S2\" id=\"t24_146\">B\u00e5tsfjord, Honningsv\u00e5g and Kj\u00f8llefjord. </span><span class=\"S2FAD SC8 S2\" id=\"t25_146\">This implies that the licence is linked </span><span class=\"S2FAE SC8 S2\" id=\"t26_146\">to operation of the facilities in the </span><span class=\"S2FAF SC8 S2\" id=\"t27_146\">respective locations. Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2FB0 SC8 S2\" id=\"t28_146\">has however leased out the facilities </span><span class=\"S2FB1 SC8 S2\" id=\"t29_146\">in these locations. The lessee is Ler\u00f8y </span><span class=\"S2FB2 SC8 S2\" id=\"t2a_146\">Norway Seafoods AS. The lessee is </span><span class=\"S2FB3 SC8 S2\" id=\"t2b_146\">responsible for sustaining operations. </span><span class=\"S2FB4 SC8 S2\" id=\"t2c_146\">If the lessee terminates operations, the </span><span class=\"S2FB5 SC8 S2\" id=\"t2d_146\">licence terms oblige Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2FB6 SC8 S2\" id=\"t2e_146\">to sustain operations in the speci\ufb01ed </span><span class=\"S2FB7 SC8 S2\" id=\"t2f_146\">locations. </span><span class=\"S2FB8 SC8 S2\" id=\"t2g_146\">At the end of the \ufb01nancial year, the </span><span class=\"S2FB9 SC8 S2\" id=\"t2h_146\">Ler\u00f8y Hav\ufb01sk group owned 29.6 cod </span><span class=\"SCDF SC8 S2\" id=\"t2i_146\">and haddock trawling licences, 31.9 </span><span class=\"S2FBA SC8 S2\" id=\"t2j_146\">saithe trawling licences, 8 shrimp </span><span class=\"S2FBB SC8 S2\" id=\"t2k_146\">trawling licences and 2 greater silver </span><span class=\"S2FBC SC8 S2\" id=\"t2l_146\">licences in Norway. These licences are </span><span class=\"S2FBD SC8 S2\" id=\"t2m_146\">owned via the subsidiaries Nordland </span><span class=\"S2FBE SC8 S2\" id=\"t2n_146\">Hav\ufb01ske AS, Finnmark Hav\ufb01ske AS </span><span class=\"S2FBF SC8 S2\" id=\"t2o_146\">and Hammerfest Industri\ufb01ske AS. It </span><span class=\"S2FC0 SC8 S2\" id=\"t2p_146\">has not been acquired or sold </span><span class=\"S2FC1 SC8 S2\" id=\"t2q_146\">quotas/licences in 2022. </span><span class=\"S2FC2 SC8 S2\" id=\"t2r_146\">A licence for cod, haddock and saithe </span><span class=\"S2FC3 SC8 S2\" id=\"t2s_146\">is a licence that entitles the holder to </span><span class=\"S2FC4 SC8 S2\" id=\"t2t_146\">trawl for white\ufb01sh in the zone north </span><span class=\"S2FC5 SC8 S2\" id=\"t2u_146\">of 62 degrees latitude and in the </span><span class=\"S2FC6 SC8 S2\" id=\"t2v_146\">North Sea at certain times of the year. </span><span class=\"S2FC7 SC8 S2\" id=\"t2w_146\">Correspondingly, a licence for shrimp </span><span class=\"S2FC8 SC8 S2\" id=\"t2x_146\">and greater silver entitles the holder </span><span class=\"S2FC9 SC8 S2\" id=\"t2y_146\">to \ufb01sh for shrimp and greater silver. In </span><span class=\"S2FCA SC8 S2\" id=\"t2z_146\">2022 (2021), each vessel was permitted </span><span class=\"S2FCB SC8 S2\" id=\"t30_146\">up to four (four) quota units, including </span><span class=\"S2FCC SC8 S2\" id=\"t31_146\">the quota connected to the vessel. </span><span class=\"S2FCD SC8 S2\" id=\"t32_146\">The volume of \ufb01sh allowed per licence </span><span class=\"S2FCE SC8 S2\" id=\"t33_146\">unit is stipulated annually by the </span><span class=\"S2FCF SC8 S2\" id=\"t34_146\">Norwegian Ministry of Trade, Industry </span><span class=\"S2FD0 SC8 S2\" id=\"t35_146\">and Fisheries. Moreover, transfers </span><span class=\"S2FD1 SC8 S2\" id=\"t36_146\">may be made between the different </span><span class=\"S2FD2 SC8 S2\" id=\"t37_146\">groups of vessels throughout the year, </span><span class=\"S2FD3 SC8 S2\" id=\"t38_146\">in the event that one group of vessels </span><span class=\"S2FD4 SC8 S2\" id=\"t39_146\">is not able to \ufb01sh its share of the quota. </span><span class=\"S2FD5 SC8 S2\" id=\"t3a_146\">This is known as \u00abre-allocation\u00bb. As of </span><span class=\"S2FD6 SC8 S2\" id=\"t3b_146\">end of year 2022 (2021), one cod licence </span><span class=\"S2FD7 SC8 S2\" id=\"t3c_146\">entitled the holder to \ufb01sh for an </span><span class=\"S2FD8 SC8 S2\" id=\"t3d_146\">annual volume of 1,154 (1,404) tonnes </span><span class=\"S2FD9 SC8 S2\" id=\"t3e_146\">of cod, 465 (579) tonnes of haddock </span><span class=\"S2FDA SC8 S2\" id=\"t3f_146\">and 531 (514) tonnes of saithe in the </span><span class=\"SCFB SC8 S2\" id=\"t3g_146\">zone north of 62 degrees latitude. </span><span class=\"S2FDB SC8 S2\" id=\"t3h_146\">When compared with the \ufb01nal volumes </span><span class=\"S2FDC SC8 S2\" id=\"t3i_146\">per quota, after re-allocations, in 2022 </span><span class=\"S2FDD SC8 S2\" id=\"t3j_146\">(2021), this is a change of -18% (+17%) </span><span class=\"S2FDE SC8 S2\" id=\"t3k_146\">for cod, -20% (+17%) for haddock and </span><span class=\"S2FDF SC8 S2\" id=\"t3l_146\">+3% (+22%) for saithe. During the year, </span><span class=\"S2FE0 SC8 S2\" id=\"t3m_146\">the quota for both haddock and saithe </span><span class=\"S2FE1 SC8 S2\" id=\"t3n_146\">was increased and some quotas were </span><span class=\"S2FE2 SC8 S2\" id=\"t3o_146\">re-allocated for these species. </span><span class=\"S2FE3 SC8 S2\" id=\"t3p_146\">The </span><span class=\"S2FE4 SC8 S2\" id=\"t3q_146\">shrimp and greater silver licences </span><span class=\"S2FE5 SC8 S2\" id=\"t3r_146\">have no limit in terms of volume. </span><span class=\"S2FE6 SC8 S2\" id=\"t3s_146\">In order to boost pro\ufb01tability for </span><span class=\"S2FE7 SC8 S2\" id=\"t3t_146\">\ufb01sheries and reduce the number of </span><span class=\"S2FE8 S21BB S2\" id=\"t3u_146\">Licences in the Wild catch segment </span><span class=\"S2FE9 SC4 S2\" id=\"t3v_146\">Licences (quotas) for Wild catch </span><span class=\"S2FEA SC4 S2\" id=\"t3w_146\">NBV in acquired </span><span class=\"S2FEB SC4 S2\" id=\"t3x_146\">company on date </span><span class=\"S2FEC SC4 S2\" id=\"t3y_146\">of acquisition </span><span class=\"S2FED SC4 S2\" id=\"t3z_146\">Excess value </span><span class=\"S2FEE SC4 S2\" id=\"t40_146\">identi\ufb01ed in PPA, </span><span class=\"S2FEF SC4 S2\" id=\"t41_146\">and allocated </span><span class=\"S2FF0 SC4 S2\" id=\"t42_146\">Accumulated </span><span class=\"S2FF1 SC4 S2\" id=\"t43_146\">amortisation from </span><span class=\"S2FF2 SC4 S2\" id=\"t44_146\">date of acquisition </span><span class=\"S2FF3 SC4 S2\" id=\"t45_146\">NBV as of 31.12 </span><span class=\"S2FF4 SC5 S2\" id=\"t46_146\">Basic quotas for cod, shrimp and greater silver </span><span class=\"S2FF5 SC5 S2\" id=\"t47_146\">339 806 </span><span class=\"S2FF6 SC5 S2\" id=\"t48_146\">2 941 594 </span><span class=\"S2FF7 SC5 S2\" id=\"t49_146\">3 281 400 </span><span class=\"S2FF8 SC5 S2\" id=\"t4a_146\">Structural quotas, cod trawling </span><span class=\"S2FF9 SC5 S2\" id=\"t4b_146\">414 064 </span><span class=\"S2FFA SC5 S2\" id=\"t4c_146\">-180 601 </span><span class=\"S2FFB SC5 S2\" id=\"t4d_146\">233 463 </span><span class=\"S2FFC SC4 S2\" id=\"t4e_146\">Total </span><span class=\"S2FFD SC4 S2\" id=\"t4f_146\">753 870 </span><span class=\"S2FFE SC4 S2\" id=\"t4g_146\">2 941 594 </span><span class=\"S2FFF SC4 S2\" id=\"t4h_146\">-180 601 </span><span class=\"S3000 SC4 S2\" id=\"t4i_146\">3 514 863 </span><span class=\"S3001 SC8 S2\" id=\"t1_147\">and other companies with limited </span><span class=\"S22A4 SC8 S2\" id=\"t2_147\">liability have equal status to </span><span class=\"S3002 SC8 S2\" id=\"t3_147\">Norwegian citizens when the </span><span class=\"S3003 SC8 S2\" id=\"t4_147\">company\u2019s head of\ufb01ce and Board of </span><span class=\"S3004 SC8 S2\" id=\"t5_147\">Directors are located in Norway, when </span><span class=\"S3005 SC8 S2\" id=\"t6_147\">the majority of the Board members, </span><span class=\"S3006 SC8 S2\" id=\"t7_147\">including the Chairman of the Board, </span><span class=\"S1CB6 SC8 S2\" id=\"t8_147\">are Norwegian citizens resident in </span><span class=\"S22AB SC8 S2\" id=\"t9_147\">Norway and who have lived in Norway </span><span class=\"S3007 SC8 S2\" id=\"ta_147\">for the last two years, and when </span><span class=\"S238A SC8 S2\" id=\"tb_147\">Norwegian citizens own shares or </span><span class=\"S3008 SC8 S2\" id=\"tc_147\">stocks corresponding to minimum 6/10 </span><span class=\"S1FF9 SC8 S2\" id=\"td_147\">of the company\u2019s capital and have </span><span class=\"S3009 SC8 S2\" id=\"te_147\">voting rights in the company with </span><span class=\"S300A SC8 S2\" id=\"tf_147\">minimum 6/10 of the votes. Ler\u00f8y </span><span class=\"S300B SC8 S2\" id=\"tg_147\">Hav\ufb01sk AS, Ler\u00f8y Seafood Group ASA </span><span class=\"S300C SC8 S2\" id=\"th_147\">and Austevoll Seafood ASA are </span><span class=\"S300D SC8 S2\" id=\"ti_147\">obliged to submit an overview twice </span><span class=\"S1FFE SC8 S2\" id=\"tj_147\">a year detailing the company\u2019s </span><span class=\"S300E SC8 S2\" id=\"tk_147\">shareholders, including speci\ufb01cation </span><span class=\"S1CC2 SC8 S2\" id=\"tl_147\">of the shares held by foreign </span><span class=\"S2118 SC8 S2\" id=\"tm_147\">shareholders. Ultimately, a breach of </span><span class=\"S300F SC8 S2\" id=\"tn_147\">the above-mentioned licence </span><span class=\"S3010 SC8 S2\" id=\"to_147\">provisions could result in Ler\u00f8y Hav\ufb01sk </span>AS losing its licence rights<span class=\"S3012 SC8 S2\" id=\"tq_147\">minimum 60% of the shares in Ler\u00f8y </span><span class=\"S3013 SC8 S2\" id=\"tr_147\">Hav\ufb01sk AS and that Austevoll Seafood </span><span class=\"S3014 SC8 S2\" id=\"ts_147\">ASA continues to own minimum 50% </span><span class=\"S213B SC8 S2\" id=\"tt_147\">of the shares in Ler\u00f8y Seafood Group </span><span class=\"S3015 SC8 S2\" id=\"tu_147\">ASA. However, the approval does not </span><span class=\"S2024 SC8 S2\" id=\"tv_147\">allow for changes in ownership that </span><span class=\"S3016 SC8 S2\" id=\"tw_147\">result in Laco AS directly owning less </span><span class=\"S23B2 SC8 S2\" id=\"tx_147\">than 55.55% of the shares in Austevoll </span><span class=\"S3017 SC8 S2\" id=\"ty_147\">Seafood ASA. Any signi\ufb01cant changes </span><span class=\"S3018 SC8 S2\" id=\"tz_147\">in ownership in Laco AS also require </span><span class=\"S2029 SC8 S2\" id=\"t10_147\">approval. The approval also requires </span><span class=\"S3019 SC8 S2\" id=\"t11_147\">continuation of the prevailing terms </span><span class=\"S301A SC8 S2\" id=\"t12_147\">related to permits for the vessels and </span><span class=\"S301B SC8 S2\" id=\"t13_147\">structural quotas, in addition to </span><span class=\"S1C86 SC8 S2\" id=\"t14_147\">compliance with the nationality </span><span class=\"S202C SC8 S2\" id=\"t15_147\">requirement in section 5 of the </span><span class=\"S301C SC8 S2\" id=\"t16_147\">Participant Act. Pursuant to the </span><span class=\"S301D SC8 S2\" id=\"t17_147\">nationality requirement in section 5 of </span><span class=\"S301E SC8 S2\" id=\"t18_147\">the Participant Act, operating permits </span><span class=\"S1EFF SC8 S2\" id=\"t19_147\">can only be granted to parties that </span><span class=\"S301F SC8 S2\" id=\"t1a_147\">are Norwegian citizens or have status </span><span class=\"S3020 SC8 S2\" id=\"t1b_147\">that equals Norwegian citizenship. </span><span class=\"S3021 SC8 S2\" id=\"t1c_147\">According to the second paragraph </span><span class=\"S3022 SC8 S2\" id=\"t1d_147\">letra a) of the provision, limited </span><span class=\"S3023 SC8 S2\" id=\"t1e_147\">companies, public limited companies </span><span class=\"S21BC SC8 S2\" id=\"t1f_147\">relating to the right to participate in </span><span class=\"S3024 SC8 S2\" id=\"t1g_147\">\ufb01shing and catches (Participant Act). </span><span class=\"S3025 SC8 S2\" id=\"t1h_147\">Ler\u00f8y Hav\ufb01sk AS has been given an </span><span class=\"S1DFC SC8 S2\" id=\"t1i_147\">extemption from the requirement </span><span class=\"S3026 SC8 S2\" id=\"t1j_147\">stating that the controlling interest </span><span class=\"S3027 SC8 S2\" id=\"t1k_147\">must be an active \ufb01sherman. The </span><span class=\"S3028 SC8 S2\" id=\"t1l_147\">Participant Act and supporting </span><span class=\"S3029 SC8 S2\" id=\"t1m_147\">legislation stipulate inter alia that any </span><span class=\"S1E00 SC8 S2\" id=\"t1n_147\">changes to ownership of a company </span><span class=\"S302A SC8 S2\" id=\"t1o_147\">that directly or indirectly owns \ufb01shing </span><span class=\"S302B SC8 S2\" id=\"t1p_147\">vessels requires approval by the </span><span class=\"S21C5 SC8 S2\" id=\"t1q_147\">relevant authorities. The Ministry of </span><span class=\"S23E1 SC8 S2\" id=\"t1r_147\">Trade, Industry and Fisheries\u2019 approval </span><span class=\"S302C SC8 S2\" id=\"t1s_147\">of Ler\u00f8y Seafood Group ASA\u2019s </span><span class=\"S21C7 SC8 S2\" id=\"t1t_147\">acquisition of the majority </span><span class=\"S302D SC8 S2\" id=\"t1u_147\">shareholding in Ler\u00f8y Hav\ufb01sk AS was </span><span class=\"S302E SC8 S2\" id=\"t1v_147\">granted on the basis of Ler\u00f8y Seafood </span><span class=\"S302F SC8 S2\" id=\"t1w_147\">Group ASA\u2019s ownership on the date </span><span class=\"S252F SC8 S2\" id=\"t1x_147\">of the approval. The approval also </span><span class=\"S3030 SC8 S2\" id=\"t1y_147\">states that no new applications are </span><span class=\"S3031 SC8 S2\" id=\"t1z_147\">required for future changes in </span><span class=\"S3032 SC8 S2\" id=\"t20_147\">ownership of Ler\u00f8y Hav\ufb01sk AS, Ler\u00f8y </span><span class=\"S3033 SC8 S2\" id=\"t21_147\">Seafood Group ASA and Austevoll </span><span class=\"S3034 SC8 S2\" id=\"t22_147\">Seafood ASA provided that Ler\u00f8y </span><span class=\"S3035 SC8 S2\" id=\"t23_147\">Seafood Group ASA continues to own </span><span class=\"S3037 SC8 S2\" id=\"t25_147\">In addition to goodwill and licences, intangible assets also comprise other rights. </span><span class=\"S3038 SC8 S2\" id=\"t26_147\">These rights comprise the following subcategories in each segment: </span>Amortisationmethod <span class=\"S303A SC4 S2\" id=\"t28_147\">Wild catch </span><span class=\"S303B SC4 S2\" id=\"t29_147\">Farming </span><span class=\"S303C SC4 S2\" id=\"t2a_147\">VAP, sale and </span><span class=\"S303D SC4 S2\" id=\"t2b_147\">distribution </span><span class=\"S303E SC4 S2\" id=\"t2c_147\">Total </span><span class=\"S303F SC4 S2\" id=\"t2d_147\">Time inde\ufb01nite </span><span class=\"S3040 SC4 S2\" id=\"t2e_147\">None </span><span class=\"S3041 SC5 S2\" id=\"t2f_147\">Water rights </span><span class=\"S3042 SC5 S2\" id=\"t2g_147\">0 </span><span class=\"S3043 SC5 S2\" id=\"t2h_147\">8 409 </span><span class=\"S3044 SC5 S2\" id=\"t2i_147\">8 409 </span><span class=\"S3045 SC5 S2\" id=\"t2j_147\">Other rights </span><span class=\"S3046 SC5 S2\" id=\"t2k_147\">100 </span><span class=\"S3047 SC5 S2\" id=\"t2l_147\">100 </span><span class=\"S3048 SC4 S2\" id=\"t2m_147\">Total </span><span class=\"S3049 SC4 S2\" id=\"t2n_147\">100 </span><span class=\"S304A SC4 S2\" id=\"t2o_147\">8 409 </span><span class=\"S304B SC4 S2\" id=\"t2p_147\">0 </span><span class=\"S304C SC4 S2\" id=\"t2q_147\">8 509 </span><span class=\"S304D SC5 S2\" id=\"t2r_147\">Accumulated purchase price </span><span class=\"S304E SC5 S2\" id=\"t2s_147\">100 </span><span class=\"S304F SC5 S2\" id=\"t2t_147\">8 409 </span><span class=\"S3050 SC5 S2\" id=\"t2u_147\">0 </span><span class=\"S3051 SC5 S2\" id=\"t2v_147\">8 509 </span><span class=\"S3052 SC5 S2\" id=\"t2w_147\">Accumulated amortisation </span><span class=\"S3053 SC5 S2\" id=\"t2x_147\">Non </span><span class=\"S3054 SC5 S2\" id=\"t2y_147\">Non </span><span class=\"S3055 SC5 S2\" id=\"t2z_147\">Non </span><span class=\"S3056 SC5 S2\" id=\"t30_147\">Non </span><span class=\"S3057 SC4 S2\" id=\"t31_147\">Limited </span><span class=\"S3058 SC4 S2\" id=\"t32_147\">Straight line depr. </span><span class=\"S3059 SC5 S2\" id=\"t33_147\">Water rights </span><span class=\"S305A SC5 S2\" id=\"t34_147\">25 years </span><span class=\"S305B SC5 S2\" id=\"t35_147\">12 308 </span><span class=\"S305C SC5 S2\" id=\"t36_147\">12 308 </span><span class=\"S305D SC5 S2\" id=\"t37_147\">Contracts wiht customers / customer lists </span><span class=\"S305E SC5 S2\" id=\"t38_147\">10 years </span><span class=\"S305F SC5 S2\" id=\"t39_147\">6 448 </span><span class=\"S3060 SC5 S2\" id=\"t3a_147\">6 448 </span><span class=\"S3061 SC5 S2\" id=\"t3b_147\">Other rights (software etc.) </span><span class=\"S3062 SC5 S2\" id=\"t3c_147\">3 - 5 years </span><span class=\"S3063 SC5 S2\" id=\"t3d_147\">6 743 </span><span class=\"S3064 SC5 S2\" id=\"t3e_147\">6 743 </span><span class=\"S3065 SC4 S2\" id=\"t3f_147\">Total </span><span class=\"S3066 SC4 S2\" id=\"t3g_147\">0 </span><span class=\"S3067 SC4 S2\" id=\"t3h_147\">12 308 </span><span class=\"S3068 SC4 S2\" id=\"t3i_147\">13 191 </span><span class=\"S3069 SC4 S2\" id=\"t3j_147\">25 500 </span><span class=\"S306A SC5 S2\" id=\"t3k_147\">Accumulated purchase price </span><span class=\"S306B SC5 S2\" id=\"t3l_147\">0 </span><span class=\"S306C SC5 S2\" id=\"t3m_147\">44 973 </span><span class=\"S306D SC5 S2\" id=\"t3n_147\">37 902 </span><span class=\"S306E SC5 S2\" id=\"t3o_147\">82 875 </span><span class=\"S306F SC5 S2\" id=\"t3p_147\">Accumulated amortisation </span><span class=\"S3070 SC5 S2\" id=\"t3q_147\">0 </span><span class=\"S3071 SC5 S2\" id=\"t3r_147\">-32 665 </span><span class=\"S3072 SC5 S2\" id=\"t3s_147\">-24 711 </span><span class=\"S3073 SC5 S2\" id=\"t3t_147\">-57 375 </span><span class=\"S3074 SC4 S2\" id=\"t3u_147\">Total other rights </span><span class=\"S3075 SC4 S2\" id=\"t3v_147\">100 </span><span class=\"S3076 SC4 S2\" id=\"t3w_147\">20 717 </span><span class=\"S3077 SC4 S2\" id=\"t3x_147\">13 191 </span><span class=\"S3078 SC4 S2\" id=\"t3y_147\">34 009 </span>Ler\u00f8y Seafoo<span class=\"S307A SC7 S2\" id=\"t1_148\">Cash-generating units (CGU) </span><span class=\"S1E5F SC8 S2\" id=\"t2_148\">With each acquisition or purchase of </span><span class=\"S307B SC8 S2\" id=\"t3_148\">assets, goodwill, licences and rights </span><span class=\"S307C SC8 S2\" id=\"t4_148\">are allocated to the different cash- </span><span class=\"S1FBF SC8 S2\" id=\"t5_148\">generating units. Each legal unit in </span><span class=\"S20E1 SC8 S2\" id=\"t6_148\">the Group in principle comprises one </span><span class=\"S307D SC8 S2\" id=\"t7_148\">cash-generating unit. Goodwill and </span><span class=\"S1FC2 SC8 S2\" id=\"t8_148\">intangible assets with an inde\ufb01nite </span><span class=\"S307E SC8 S2\" id=\"t9_148\">useful life are not amortised, but shall </span><span class=\"S307F SC8 S2\" id=\"ta_148\">be tested for impairment at least once </span><span class=\"S3080 SC8 S2\" id=\"tb_148\">a year and written down if their value </span><span class=\"S3081 SC8 S2\" id=\"tc_148\">can no longer be justi\ufb01ed. The manage- </span><span class=\"S3082 SC8 S2\" id=\"td_148\">ment assesses the carrying value of </span><span class=\"S3083 SC8 S2\" id=\"te_148\">goodwill and intangible assets with an </span><span class=\"S3084 SC8 S2\" id=\"tf_148\">inde\ufb01nite useful life per CGU at least </span><span class=\"S3085 SC8 S2\" id=\"tg_148\">once a year, and more frequently if </span><span class=\"S3086 SC8 S2\" id=\"th_148\">there are indications of impairment. </span><span class=\"S3087 SC8 S2\" id=\"ti_148\">Useful life is utilised when establishing </span><span class=\"S3088 SC8 S2\" id=\"tj_148\">recoverable amount. </span><span class=\"S3089 S1C40 S2\" id=\"tk_148\">Farming </span><span class=\"S308A SC8 S2\" id=\"tl_148\">The Group`s farming regions share the </span><span class=\"S20EF SC8 S2\" id=\"tm_148\">same top management, the same </span><span class=\"S308B SC8 S2\" id=\"tn_148\">internal customer, and a joint optimali- </span><span class=\"S308C SC8 S2\" id=\"to_148\">sation plan of i.e. slaughter plans. </span><span class=\"S308D SC8 S2\" id=\"tp_148\">Further on harvest to full\ufb01ll the Groups </span><span class=\"S308E SC8 S2\" id=\"tq_148\">contract sale, is done across the </span><span class=\"S308F SC8 S2\" id=\"tr_148\">regions. Due to this, the Groups farming </span><span class=\"S3090 SC8 S2\" id=\"ts_148\">business in Norway is regarded as </span><span class=\"S3091 SC8 S2\" id=\"tt_148\">one CGU. The cash generating unit </span><span class=\"S3092 SC8 S2\" id=\"tu_148\">Farming comprises region of Northern </span><span class=\"S3093 SC8 S2\" id=\"tv_148\">Norway, which consists of Ler\u00f8y Aurora </span><span class=\"S21B0 SC8 S2\" id=\"tw_148\">AS and Ler\u00f8y Aurora 2 AS, the region </span><span class=\"S3094 SC8 S2\" id=\"tx_148\">of Central Norway which consists of </span><span class=\"S3095 SC8 S2\" id=\"ty_148\">Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS, and </span><span class=\"S3096 SC8 S2\" id=\"tz_148\">the region for Western Norway which </span><span class=\"S3097 SC8 S2\" id=\"t10_148\">consists of the 9 companies Ler\u00f8y Vest </span><span class=\"S3098 SC8 S2\" id=\"t11_148\">AS, Ler\u00f8y Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S3099 SC8 S2\" id=\"t12_148\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk </span><span class=\"S232A SC8 S2\" id=\"t13_148\">2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y </span><span class=\"S309A SC8 S2\" id=\"t14_148\">\u00c5rskog AS, Norsk Oppdrettsservice AS </span><span class=\"S309B SC8 S2\" id=\"t15_148\">and Ler\u00f8y Ocean Harvest AS. The </span><span class=\"S309C SC8 S2\" id=\"t16_148\">development costs related to the </span><span class=\"S309D SC8 S2\" id=\"t17_148\">Pipefarm concept, capitalized in Ler\u00f8y </span><span class=\"S309E SC8 S2\" id=\"t18_148\">Seafood Group ASA, a concept that the </span><span class=\"S1BDC SC8 S2\" id=\"t19_148\">Group has been offered some licence </span><span class=\"S309F SC8 S2\" id=\"t1a_148\">volume on, but that the Group not yet </span><span class=\"S30A0 SC8 S2\" id=\"t1b_148\">has accepted, is also included in this </span><span class=\"S30A1 SC8 S2\" id=\"t1c_148\">CGU. </span><span class=\"S30A2 S1C40 S2\" id=\"t1d_148\">Wild catch </span><span class=\"S30A3 SC8 S2\" id=\"t1e_148\">In the sub-group Ler\u00f8y Hav\ufb01sk AS, </span><span class=\"S2337 SC8 S2\" id=\"t1f_148\">each vessel with its quotas is de\ufb01ned </span><span class=\"S30A4 SC8 S2\" id=\"t1g_148\">as one cash-generating unit. Despite </span><span class=\"S30A5 SC8 S2\" id=\"t1h_148\">this, Ler\u00f8y Seafood Group classi\ufb01es </span><span class=\"S30A6 SC8 S2\" id=\"t1i_148\">the two sub-groups, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S1D2C SC8 S2\" id=\"t1j_148\">and Ler\u00f8y Norway Seafoods AS, as </span><span class=\"S30A7 SC8 S2\" id=\"t1k_148\">one joint cash-generating unit. This is </span><span class=\"S30A8 SC8 S2\" id=\"t1l_148\">justi\ufb01ed in that, primarily, quotas are </span><span class=\"S30A9 SC8 S2\" id=\"t1m_148\">transferred between vessels via the </span><span class=\"S30AA SC8 S2\" id=\"t1n_148\">so-called \u00abre-allocations\u00bb. Secondly, </span><span class=\"S30AB SC8 S2\" id=\"t1o_148\">the two sub-groups are mutually </span><span class=\"S30AC SC8 S2\" id=\"t1p_148\">dependent with a view to the industrial </span><span class=\"S30AD SC8 S2\" id=\"t1q_148\">obligation mentioned above. In </span><span class=\"S30AE SC8 S2\" id=\"t1r_148\">addition, the supply obligation has an </span><span class=\"S30AF SC8 S2\" id=\"t1s_148\">impact on the two units\u2019 co- </span><span class=\"S30B0 SC8 S2\" id=\"t1t_148\">dependence. On this basis, the two sub- </span><span class=\"S30B1 SC8 S2\" id=\"t1u_148\">groups are assessed as one joint </span><span class=\"S30B2 SC8 S2\" id=\"t1v_148\">cash-generating unit. </span><span class=\"S30B3 S1C40 S2\" id=\"t1w_148\">VAP, sales and distribution </span><span class=\"S30B4 SC8 S2\" id=\"t1x_148\">For the Group to succeed in being the </span><span class=\"S22FD SC8 S2\" id=\"t1y_148\">\ufb01rst choice of the largest and most </span><span class=\"S30B5 SC8 S2\" id=\"t1z_148\">well-recognised customers, it is </span><span class=\"S1C0C SC8 S2\" id=\"t20_148\">important to be present in the end </span><span class=\"S30B6 SC8 S2\" id=\"t21_148\">market. Through local presence the </span><span class=\"S30B7 SC8 S2\" id=\"t22_148\">Group can supply the freshest products, </span><span class=\"S2088 SC8 S2\" id=\"t23_148\">portions and packaging adjusted to </span><span class=\"S30B8 SC8 S2\" id=\"t24_148\">local requirements and demand, and </span><span class=\"S30B9 SC8 S2\" id=\"t25_148\">developing the seafood category even </span><span class=\"S30BA SC8 S2\" id=\"t26_148\">further together with the customers. </span><span class=\"S30BB SC8 S2\" id=\"t27_148\">The Group must also build up enough </span><span class=\"S30BC SC8 S2\" id=\"t28_148\">capacity to supply the volumes that </span><span class=\"S30BD SC8 S2\" id=\"t29_148\">the customer will need. The group has </span><span class=\"S30BE SC8 S2\" id=\"t2a_148\">established several \ufb01sh-cuts in the end </span><span class=\"S30BF SC8 S2\" id=\"t2b_148\">markets. A \ufb01sh-cut means a relatively </span><span class=\"S30C0 SC8 S2\" id=\"t2c_148\">simple processing activity in addition </span><span class=\"S30C1 SC8 S2\" id=\"t2d_148\">to the sale of\ufb01ce, that perform some </span><span class=\"S30C2 SC8 S2\" id=\"t2e_148\">specialized value-added processing </span><span class=\"S30C3 SC8 S2\" id=\"t2f_148\">based on speci\ufb01cation set by the </span><span class=\"S1C1B SC8 S2\" id=\"t2g_148\">customer. The \ufb01sh-cuts are an inte- </span><span class=\"S30C4 SC8 S2\" id=\"t2h_148\">grated part of the value chain, and an </span><span class=\"S30C5 SC8 S2\" id=\"t2i_148\">important tool for ef\ufb01cient global sale. </span><span class=\"S30C6 SC8 S2\" id=\"t2j_148\">The table below displays the </span><span class=\"S30C7 SC8 S2\" id=\"t2k_148\">distribution of goodwill and intangible </span><span class=\"S30C8 SC8 S2\" id=\"t2l_148\">assets with an inde\ufb01nite useful life per </span><span class=\"S30C9 SC8 S2\" id=\"t2m_148\">CGU, and their sub-units. Impairment </span><span class=\"S30CA SC8 S2\" id=\"t2n_148\">tests of goodwill and intangible assets </span><span class=\"S30CB SC8 S2\" id=\"t2o_148\">with an inde\ufb01nite useful life have been </span><span class=\"S2311 SC8 S2\" id=\"t2p_148\">summarised below for each CGU in </span><span class=\"S30CC SC8 S2\" id=\"t2q_148\">the segment. </span><span class=\"S30CD SC4 S2\" id=\"t2r_148\">Book value of intangible assets </span><span class=\"S30CE SC4 S2\" id=\"t2s_148\">CGU </span><span class=\"S30CF SC4 S2\" id=\"t2t_148\">Goodwill </span><span class=\"S30D0 SC4 S2\" id=\"t2u_148\">Licences </span><span class=\"S30D1 SC4 S2\" id=\"t2v_148\">Other rights </span><span class=\"S30D2 SC4 S2\" id=\"t2w_148\">Total </span><span class=\"S30D3 SC5 S2\" id=\"t2x_148\">Farming - Region Northern Norway </span><span class=\"S30D4 SC5 S2\" id=\"t2y_148\">Farming </span><span class=\"S30D5 SC5 S2\" id=\"t2z_148\">134 567 </span><span class=\"S30D6 SC5 S2\" id=\"t30_148\">508 572 </span><span class=\"S30D7 SC5 S2\" id=\"t31_148\">2 000 </span><span class=\"S30D8 SC5 S2\" id=\"t32_148\">645 139 </span><span class=\"S30D9 SC5 S2\" id=\"t33_148\">Farming - Region Central Norway </span><span class=\"S30DA SC5 S2\" id=\"t34_148\">Farming </span><span class=\"S30DB SC5 S2\" id=\"t35_148\">956 509 </span><span class=\"S30DC SC5 S2\" id=\"t36_148\">700 260 </span><span class=\"S30DD SC5 S2\" id=\"t37_148\">- </span><span class=\"S30DE SC5 S2\" id=\"t38_148\">1 656 769 </span><span class=\"S30DF SC5 S2\" id=\"t39_148\">Farming - Region Western Norway </span><span class=\"S30E0 SC5 S2\" id=\"t3a_148\">Farming </span><span class=\"S30E1 SC5 S2\" id=\"t3b_148\">754 250 </span><span class=\"S30E2 SC5 S2\" id=\"t3c_148\">1 221 042 </span><span class=\"S30E3 SC5 S2\" id=\"t3d_148\">18 717 </span><span class=\"S30E4 S269C S2\" id=\"t3e_148\">2) </span><span class=\"S30E5 SC5 S2\" id=\"t3f_148\">1 994 009 </span><span class=\"S30E6 SC5 S2\" id=\"t3g_148\">Farming - Ler\u00f8y Seafood Group ASA </span><span class=\"S30E7 SC5 S2\" id=\"t3h_148\">Farming </span><span class=\"S30E8 SC5 S2\" id=\"t3i_148\">- </span><span class=\"S30E9 SC5 S2\" id=\"t3j_148\">54 803 </span><span class=\"S30EA S269C S2\" id=\"t3k_148\">4) </span><span class=\"S30EB SC5 S2\" id=\"t3l_148\">54 803 </span><span class=\"S30EC SC4 S2\" id=\"t3m_148\">Total Farming </span><span class=\"S30ED SC4 S2\" id=\"t3n_148\">Farming </span><span class=\"S30EE SC4 S2\" id=\"t3o_148\">1 845 326 </span><span class=\"S30EF SC4 S2\" id=\"t3p_148\">2 484 676 </span><span class=\"S30F0 SC4 S2\" id=\"t3q_148\">20 717 </span><span class=\"S30F1 SC4 S2\" id=\"t3r_148\">4 350 719 </span><span class=\"S30F2 SC4 S2\" id=\"t3s_148\">Total Wild catch </span><span class=\"S30F3 SC4 S2\" id=\"t3t_148\">Wild catch </span><span class=\"S30F4 SC4 S2\" id=\"t3u_148\">2 646 </span><span class=\"S30F5 SC4 S2\" id=\"t3v_148\">3 514 863 </span><span class=\"S30F6 S2D10 S2\" id=\"t3w_148\">3) </span><span class=\"S30F7 SC4 S2\" id=\"t3x_148\">100 </span><span class=\"S30F8 SC4 S2\" id=\"t3y_148\">3 517 609 </span><span class=\"S30F9 SC4 S2\" id=\"t3z_148\">Total VAP, sales and distribution </span><span class=\"S30FA SC4 S2\" id=\"t40_148\">VAPSD </span><span class=\"S30FB SC4 S2\" id=\"t41_148\">668 648 </span><span class=\"S30FC SC4 S2\" id=\"t42_148\">- </span><span class=\"S30FD SC4 S2\" id=\"t43_148\">13 191 </span><span class=\"S30FE S2D10 S2\" id=\"t44_148\">1) </span><span class=\"S30FF SC4 S2\" id=\"t45_148\">681 839 </span><span class=\"S3100 SC4 S2\" id=\"t46_148\">Grand total </span><span class=\"S3101 SC4 S2\" id=\"t47_148\">2 516 619 </span><span class=\"S3102 SC4 S2\" id=\"t48_148\">5 999 540 </span><span class=\"S3103 SC4 S2\" id=\"t49_148\">34 009 </span><span class=\"S3104 SC4 S2\" id=\"t4a_148\">8 550 168 </span><span class=\"S3105 SC5 S2\" id=\"t4b_148\">Book value of intangible assets that are amortised </span><span class=\"S3106 SC4 S2\" id=\"t4c_148\">258 962 </span><span class=\"S3107 SC5 S2\" id=\"t4d_148\">Book value of intangible assets that are not amortised, but tested for impairment </span><span class=\"S3108 SC4 S2\" id=\"t4e_148\">8 291 206 </span><span class=\"S3109 SC4 S2\" id=\"t4f_148\">Total </span><span class=\"S310A SC4 S2\" id=\"t4g_148\">8 550 168 </span><span class=\"S310B SAF1 S2\" id=\"t4h_148\">1) Rights with de\ufb01nite useful life and subject to amortisation. </span><span class=\"S310C SAF1 S2\" id=\"t4i_148\">2) Rights with inde\ufb01nite useful life and not subject to amortisation. </span><span class=\"S310D SAF1 S2\" id=\"t4j_148\">3) Structual quotas included in this amount, has a de\ufb01nite economic life time, and are subjected to amortisation. </span><span class=\"S310E SAF1 S2\" id=\"t4k_148\">4) Capitalised costs related to development licences - in the process of beeing granted </span><span class=\"S21BC SC7 S2\" id=\"t1_149\">Tests of possible impairment loss </span><span class=\"S3024 SC8 S2\" id=\"t2_149\">The impairment test for cash- </span><span class=\"S310F SC8 S2\" id=\"t3_149\">generating units is based on estimated </span><span class=\"S3110 SC8 S2\" id=\"t4_149\">present values of future cash \ufb02ows. </span><span class=\"S3026 SC8 S2\" id=\"t5_149\">The present value is compared with </span><span class=\"S3111 SC8 S2\" id=\"t6_149\">the book value per cash-generating </span><span class=\"S1DFE SC8 S2\" id=\"t7_149\">unit. The present value is calculated </span><span class=\"S3112 SC8 S2\" id=\"t8_149\">on the basis of discounted cash \ufb02ows </span><span class=\"S3113 SC8 S2\" id=\"t9_149\">over the next \ufb01ve or ten years. And </span><span class=\"S1E01 SC8 S2\" id=\"ta_149\">for the period thereafter, a terminal </span><span class=\"S3114 SC8 S2\" id=\"tb_149\">value is estimated. The Gordon growth </span><span class=\"S3115 SC8 S2\" id=\"tc_149\">model is applied to estimate terminal </span><span class=\"S2172 SC8 S2\" id=\"td_149\">value. The cash \ufb02ows in the the </span><span class=\"S3116 SC8 S2\" id=\"te_149\">impairment test are after tax. </span><span class=\"S3117 SC8 S2\" id=\"tf_149\">The impairment test did not produce </span><span class=\"S3118 SC8 S2\" id=\"tg_149\">grounds for write-down of goodwill or </span><span class=\"S3119 SC8 S2\" id=\"th_149\">intangible assets with an inde\ufb01nite </span><span class=\"S311A SC8 S2\" id=\"ti_149\">useful life in 2022. The management's </span><span class=\"S311B SC8 S2\" id=\"tj_149\">calculations, were risks and oppor- </span><span class=\"S3031 SC8 S2\" id=\"tk_149\">tunities within environmental </span><span class=\"S311C SC8 S2\" id=\"tl_149\">sustainability are included, show that </span><span class=\"S311D SC8 S2\" id=\"tm_149\">this conclusion is robust in the face of </span><span class=\"S3034 SC8 S2\" id=\"tn_149\">reasonable changes in conditions in </span><span class=\"S3035 SC8 S2\" id=\"to_149\">the future. The critical value for the </span><span class=\"S311E SC8 S2\" id=\"tp_149\">required rate of return on total assets </span><span class=\"S311F SC8 S2\" id=\"tq_149\">after tax is between 8.7% and 30.5%. </span><span class=\"S3120 SC8 S2\" id=\"tr_149\">The cash-generating unit (CGU) Wild </span><span class=\"S3121 SC8 S2\" id=\"ts_149\">catch, which was acquired in 2016, is </span><span class=\"S3122 SC8 S2\" id=\"tt_149\">naturally pulling down the critical </span><span class=\"S206B SC8 S2\" id=\"tu_149\">value due to the fact that the </span><span class=\"S3123 SC8 S2\" id=\"tv_149\">assumptions that the acquisition were </span><span class=\"S3124 SC8 S2\" id=\"tw_149\">based upon, have not changed much </span><span class=\"S2022 SC8 S2\" id=\"tx_149\">in the period from the purchase date </span><span class=\"S3125 SC8 S2\" id=\"ty_149\">and the date for testing. The most </span><span class=\"S213B SC8 S2\" id=\"tz_149\">signi\ufb01cant premises in the test are </span><span class=\"S3126 SC8 S2\" id=\"t10_149\">estimated future volume of catches per </span><span class=\"S3127 SC8 S2\" id=\"t11_149\">species, estimated future prices per </span><span class=\"S3128 SC8 S2\" id=\"t12_149\">species and required rate of return. </span><span class=\"S3129 SC8 S2\" id=\"t13_149\">In farming it has historically until 2012 </span><span class=\"S1EF8 SC8 S2\" id=\"t14_149\">been a signi\ufb01cant production growth </span><span class=\"S312A SC8 S2\" id=\"t15_149\">per licence in Norway. But from 2012 </span><span class=\"S312B SC8 S2\" id=\"t16_149\">and until today, there has been very </span><span class=\"S23B6 SC8 S2\" id=\"t17_149\">limited growth. The model applied is </span><span class=\"S312C SC8 S2\" id=\"t18_149\">based on actual production plans for </span><span class=\"S312D SC8 S2\" id=\"t19_149\">the period until 2024. And after that an </span><span class=\"S312E SC8 S2\" id=\"t1a_149\">assumption of 2% growth in volume until </span><span class=\"S312F SC8 S2\" id=\"t1b_149\">2027 has been applied. It is assumed </span><span class=\"S3130 SC8 S2\" id=\"t1c_149\">no growth in the terminal value. </span><span class=\"S3131 SC8 S2\" id=\"t1d_149\">For the cash-generating unit Farming, </span><span class=\"S3132 SC8 S2\" id=\"t1e_149\">the critical value for the required rate </span><span class=\"S1DD7 SC8 S2\" id=\"t1f_149\">of return on total assets after tax is </span><span class=\"S3133 SC8 S2\" id=\"t1g_149\">18.0%. The Farming segment requires </span><span class=\"S1DD9 SC8 S2\" id=\"t1h_149\">an EBIT in the terminal element of an </span><span class=\"S3134 SC8 S2\" id=\"t1i_149\">amount of NOK 1.6 per kg. This amount </span><span class=\"S3135 SC8 S2\" id=\"t1j_149\">is well below what`s historically </span><span class=\"S3136 SC8 S2\" id=\"t1k_149\">achieved. The management has also </span><span class=\"S1F05 SC8 S2\" id=\"t1l_149\">carried out tests of sensitivity related </span><span class=\"S2039 SC8 S2\" id=\"t1m_149\">to price, cost and volume. With the </span><span class=\"S3137 SC8 S2\" id=\"t1n_149\">implemented WACC and best estimate </span><span class=\"S3138 SC8 S2\" id=\"t1o_149\">for the terminal element, the tests show </span><span class=\"S3139 SC8 S2\" id=\"t1p_149\">that this value is also robust in the </span><span class=\"S1F0A SC8 S2\" id=\"t1q_149\">face of changes in these parameters. </span><span class=\"S313A SC8 S2\" id=\"t1r_149\">28 September 2022 the Norwegian </span><span class=\"S313B SC8 S2\" id=\"t1s_149\">Government proposed a new ground </span><span class=\"S313C SC8 S2\" id=\"t1t_149\">rent tax on farming. In the latest </span><span class=\"S313D SC8 S2\" id=\"t1u_149\">proposal the tax rate is35%. It is </span><span class=\"S1D8F SC8 S2\" id=\"t1v_149\">supposed to be applicable on the </span><span class=\"S313E SC8 S2\" id=\"t1w_149\">activity in sea. This tax will be added </span><span class=\"S313F SC8 S2\" id=\"t1x_149\">to the regular tax rate of 22%. However, </span><span class=\"S3140 SC8 S2\" id=\"t1y_149\">this new additional tax has not yet </span><span class=\"S3141 SC8 S2\" id=\"t1z_149\">been approved. But it is likely that it </span><span class=\"S3142 SC8 S2\" id=\"t20_149\">will be approved by the Norwegian </span><span class=\"S238A SC8 S2\" id=\"t21_149\">Storting when they summon before </span><span class=\"S3143 SC8 S2\" id=\"t22_149\">summer 2023. This gives rise to </span><span class=\"S3144 SC8 S2\" id=\"t23_149\">signi\ufb01cant uncertainty about the </span><span class=\"S3145 SC8 S2\" id=\"t24_149\">future. It is impossible to perform </span><span class=\"S2112 SC8 S2\" id=\"t25_149\">detailed impairment tests before the </span><span class=\"S3146 SC8 S2\" id=\"t26_149\">applicable laws and regulations are </span><span class=\"S3147 SC8 S2\" id=\"t27_149\">agreed upon and ready. Thus, the </span><span class=\"S3148 SC8 S2\" id=\"t28_149\">Group has performed tests on a more </span><span class=\"S1CC0 SC8 S2\" id=\"t29_149\">overall level, with increased tax rate. </span><span class=\"S3149 SC8 S2\" id=\"t2a_149\">Non of these tests did indicate any </span><span class=\"S1D9D SC8 S2\" id=\"t2b_149\">impairment on intangibles in the </span><span class=\"S314A SC8 S2\" id=\"t2c_149\">Farming segment. This is explained </span><span class=\"S314B SC8 S2\" id=\"t2d_149\">by the fact that most of the Group`s </span><span class=\"S314C SC8 S2\" id=\"t2e_149\">intangibles has been acquired long </span><span class=\"S314D SC8 S2\" id=\"t2f_149\">time ago, to relative low values, seen </span><span class=\"S314E SC8 S2\" id=\"t2g_149\">with the eyes of today. </span><span class=\"S314F SC8 S2\" id=\"t2h_149\">For the cash-generating unit VAP, Sales </span><span class=\"S3150 SC8 S2\" id=\"t2i_149\">&amp; Distribution, the book values are </span><span class=\"S2006 SC8 S2\" id=\"t2j_149\">almost totally justi\ufb01ed by the estimated </span><span class=\"S3151 SC8 S2\" id=\"t2k_149\">pro\ufb01t/loss for the next \ufb01ve years. It is </span><span class=\"S3152 SC8 S2\" id=\"t2l_149\">required a 0.3% EBIT margin in the </span><span class=\"S3153 SC8 S2\" id=\"t2m_149\">terminal element, which is very low. </span><span class=\"S3186 SC7 S2\" id=\"t41_149\">Key premises and sensitivity estimates </span><span class=\"S3154 SC4 S2\" id=\"t2n_149\">Key premises </span><span class=\"S3155 SC4 S2\" id=\"t2o_149\">2022 </span><span class=\"S3156 SC4 S2\" id=\"t2p_149\">2021 </span><span class=\"S3157 SC5 S2\" id=\"t2q_149\">Discount rate (WACC) before tax </span><span class=\"S3158 SC5 S2\" id=\"t2r_149\">8.4 % </span><span class=\"S3159 SC5 S2\" id=\"t2s_149\">8.1 % </span><span class=\"S315A SC5 S2\" id=\"t2t_149\">Discount rate (WACC) after tax </span><span class=\"S315B SC5 S2\" id=\"t2u_149\">6.6 % </span><span class=\"S315C SC5 S2\" id=\"t2v_149\">7.3 % </span><span class=\"S315D SC5 S2\" id=\"t2w_149\">Nominal rate of growth </span><span class=\"S315E SC5 S2\" id=\"t2x_149\">2.0 % </span><span class=\"S315F SC5 S2\" id=\"t2y_149\">2.0 % </span><span class=\"S3160 SC5 S2\" id=\"t2z_149\">The book value tested below is the share of the carrying value that is not subject to amortisation. </span><span class=\"S3161 SC4 S2\" id=\"t30_149\">Sensitivity analysis per CGU </span><span class=\"S3162 SC4 S2\" id=\"t31_149\">Book value </span><span class=\"S3163 SC4 S2\" id=\"t32_149\">tested </span><span class=\"S3164 SC4 S2\" id=\"t33_149\">Critical value in </span><span class=\"S3165 SC4 S2\" id=\"t34_149\">the terminal element </span><span class=\"S3166 SC4 S2\" id=\"t35_149\">(with WACC implemented) </span><span class=\"S3167 SC4 S2\" id=\"t36_149\">Critical WACC </span><span class=\"S3168 SC4 S2\" id=\"t37_149\">(after tax) </span><span class=\"S3169 SC4 S2\" id=\"t38_149\">Implemented </span><span class=\"S316A SC4 S2\" id=\"t39_149\">WACC </span><span class=\"S316B SC4 S2\" id=\"t3a_149\">(after tax) </span><span class=\"S316C SC5 S2\" id=\"t3b_149\">Wild catch </span><span class=\"S316D SC5 S2\" id=\"t3c_149\">3 284 146 </span><span class=\"S316E S269C S2\" id=\"t3d_149\">8) </span><span class=\"S316F SC5 S2\" id=\"t3e_149\">8.7 % </span><span class=\"S3170 SC5 S2\" id=\"t3f_149\">6.6 % </span><span class=\"S3171 SC5 S2\" id=\"t3g_149\">Farming </span><span class=\"S3172 SC5 S2\" id=\"t3h_149\">4 338 411 </span><span class=\"S3173 SC5 S2\" id=\"t3i_149\">1.6 </span><span class=\"S3174 S269C S2\" id=\"t3j_149\">5). 6) </span><span class=\"S3175 SC5 S2\" id=\"t3k_149\">18.0 % </span><span class=\"S3176 SC5 S2\" id=\"t3l_149\">6.6 % </span><span class=\"S3177 SC5 S2\" id=\"t3m_149\">VAPSD </span><span class=\"S3178 SC5 S2\" id=\"t3n_149\">668 649 </span><span class=\"S3179 SC5 S2\" id=\"t3o_149\">0.3 % </span><span class=\"S317A S269C S2\" id=\"t3p_149\">7) </span><span class=\"S317B SC5 S2\" id=\"t3q_149\">30.5 % </span><span class=\"S317C SC5 S2\" id=\"t3r_149\">6.6 % </span><span class=\"S317D SC4 S2\" id=\"t3s_149\">Total </span><span class=\"S317E SC4 S2\" id=\"t3t_149\">8 291 206 </span><span class=\"S317F SC4 S2\" id=\"t3u_149\">6.6 % </span><span class=\"S3180 SAF1 S2\" id=\"t3v_149\">5) The terminal value for farming is a NOK amount estimated on the basis of EBIT/kg after an explicit period (the terminal component) that </span><span class=\"S3181 SAF1 S2\" id=\"t3w_149\">gives a total value in use simular to net book value. </span><span class=\"S3182 SAF1 S2\" id=\"t3x_149\">6) Development licences in process of beeing granted will be operated by Ler\u00f8y Vest. </span><span class=\"S3183 SAF1 S2\" id=\"t3y_149\">7) The terminal value for VAPSD is a percentage calculated on the basis of the pro\ufb01t margin, after an explicit period (the terminal component) </span><span class=\"S3184 SAF1 S2\" id=\"t3z_149\">that gives a total value in use simular to net book value. </span><span class=\"S3185 SAF1 S2\" id=\"t40_149\">8) For Wild catch segment it is not calculated a critical value in the terminal element. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f14377": {
   "value": "<span class=\"S2168 SC7 S2\" id=\"t3x_141\">Reconciliation carrying value, gross value and life </span><span class=\"S2BD6 SC4 S2\" id=\"t1_141\">2021 </span><span class=\"S2BD7 SC4 S2\" id=\"t2_141\">Goodwill </span><span class=\"S2BD8 SC4 S2\" id=\"t3_141\">Licences </span><span class=\"S2BD9 SC4 S2\" id=\"t4_141\">Other rights </span><span class=\"S2BDA SC4 S2\" id=\"t5_141\">Total </span><span class=\"S2BDB SC4 S2\" id=\"t6_141\">As of 1 January </span><span class=\"S2BDC SC5 S2\" id=\"t7_141\">Acquisition cost </span><span class=\"S2BDD SC5 S2\" id=\"t8_141\">2 225 145 </span><span class=\"S2BDE SC5 S2\" id=\"t9_141\">6 180 330 </span><span class=\"S2BDF SC5 S2\" id=\"ta_141\">73 280 </span><span class=\"S2BE0 SC5 S2\" id=\"tb_141\">8 478 755 </span><span class=\"S2BE1 SC5 S2\" id=\"tc_141\">Accumulated amortisation </span><span class=\"S2BE2 SC5 S2\" id=\"td_141\">-123 064 </span><span class=\"S2BE3 SC5 S2\" id=\"te_141\">-48 411 </span><span class=\"S2BE4 SC5 S2\" id=\"tf_141\">-171 475 </span><span class=\"S2BE5 SC4 S2\" id=\"tg_141\">Carrying value as of 01.01 </span><span class=\"S2BE6 SC4 S2\" id=\"th_141\">2 225 145 </span><span class=\"S2BE7 SC4 S2\" id=\"ti_141\">6 057 266 </span><span class=\"S2BE8 SC4 S2\" id=\"tj_141\">24 869 </span><span class=\"S2BE9 SC4 S2\" id=\"tk_141\">8 307 280 </span><span class=\"S2BEA SC4 S2\" id=\"tl_141\">Movements during the year </span><span class=\"S2BEB SC5 S2\" id=\"tm_141\">Carrying value as of 01.01 </span><span class=\"S2BEC SC5 S2\" id=\"tn_141\">2 225 145 </span><span class=\"S2BED SC5 S2\" id=\"to_141\">6 057 266 </span><span class=\"S2BEE SC5 S2\" id=\"tp_141\">24 869 </span><span class=\"S2BEF SC5 S2\" id=\"tq_141\">8 307 280 </span><span class=\"S2BF0 SC5 S2\" id=\"tr_141\">Translation differences </span><span class=\"S2BF1 SC5 S2\" id=\"ts_141\">-13 117 </span><span class=\"S2BF2 SC5 S2\" id=\"tt_141\">-105 </span><span class=\"S2BF3 SC5 S2\" id=\"tu_141\">-13 222 </span><span class=\"S2BF4 SC5 S2\" id=\"tv_141\">Additions from business combinations </span><span class=\"S2BF5 SC5 S2\" id=\"tw_141\">281 309 </span><span class=\"S2BF6 SC5 S2\" id=\"tx_141\">5 000 </span><span class=\"S2BF7 SC5 S2\" id=\"ty_141\">7 798 </span><span class=\"S2BF8 SC5 S2\" id=\"tz_141\">294 107 </span><span class=\"S2BF9 SC5 S2\" id=\"t10_141\">Acquisition of intangible assets </span><span class=\"S2BFA SC5 S2\" id=\"t11_141\">3 461 </span><span class=\"S2BFB SC5 S2\" id=\"t12_141\">3 461 </span><span class=\"S2BFC SC5 S2\" id=\"t13_141\">Disposals </span><span class=\"S2BFD SC5 S2\" id=\"t14_141\">-5 189 </span><span class=\"S2BFE SC5 S2\" id=\"t15_141\">-5 189 </span><span class=\"S2BFF SC5 S2\" id=\"t16_141\">Amortisation for the year </span><span class=\"S2C00 SC5 S2\" id=\"t17_141\">-28 400 </span><span class=\"S2C01 SC5 S2\" id=\"t18_141\">-4 515 </span><span class=\"S2C02 SC5 S2\" id=\"t19_141\">-32 915 </span><span class=\"S2C03 SC4 S2\" id=\"t1a_141\">Carrying value as of 31.12 </span><span class=\"S2C04 SC4 S2\" id=\"t1b_141\">2 493 337 </span><span class=\"S2C05 SC4 S2\" id=\"t1c_141\">6 028 677 </span><span class=\"S2C06 SC4 S2\" id=\"t1d_141\">31 508 </span><span class=\"S2C07 SC4 S2\" id=\"t1e_141\">8 553 522 </span><span class=\"S2C08 SC4 S2\" id=\"t1f_141\">As of 31 December </span><span class=\"S2C09 SC5 S2\" id=\"t1g_141\">Acquisition cost </span><span class=\"S2C0A SC5 S2\" id=\"t1h_141\">2 493 337 </span><span class=\"S2C0B SC5 S2\" id=\"t1i_141\">6 180 141 </span><span class=\"S2C0C SC5 S2\" id=\"t1j_141\">84 349 </span><span class=\"S2C0D SC5 S2\" id=\"t1k_141\">8 757 827 </span><span class=\"S2C0E SC5 S2\" id=\"t1l_141\">Accumulated amortisation </span><span class=\"S2C0F SC5 S2\" id=\"t1m_141\">-151 464 </span><span class=\"S2C10 SC5 S2\" id=\"t1n_141\">-52 841 </span><span class=\"S2C11 SC5 S2\" id=\"t1o_141\">-204 305 </span><span class=\"S2C12 SC4 S2\" id=\"t1p_141\">Carrying value as of 31.12 </span><span class=\"S2C13 SC4 S2\" id=\"t1q_141\">2 493 337 </span><span class=\"S2C14 SC4 S2\" id=\"t1r_141\">6 028 677 </span><span class=\"S2C15 SC4 S2\" id=\"t1s_141\">31 508 </span><span class=\"S2C16 SC4 S2\" id=\"t1t_141\">8 553 522 </span><span class=\"S2C17 SC5 S2\" id=\"t1u_141\">Assets with unlimited useful life </span><span class=\"S2C18 SC5 S2\" id=\"t1v_141\">2 493 337 </span><span class=\"S2C19 SC5 S2\" id=\"t1w_141\">5 766 078 </span><span class=\"S2C1A SC5 S2\" id=\"t1x_141\">2 100 </span><span class=\"S2C1B SC5 S2\" id=\"t1y_141\">8 261 515 </span><span class=\"S2C1C SC5 S2\" id=\"t1z_141\">Assets with limited useful life </span><span class=\"S2C1D SC5 S2\" id=\"t20_141\">262 600 </span><span class=\"S2C1E SC5 S2\" id=\"t21_141\">29 408 </span><span class=\"S2C1F SC5 S2\" id=\"t22_141\">292 007 </span><span class=\"S2C20 SC4 S2\" id=\"t23_141\">Carrying value as of 31.12 </span><span class=\"S2C21 SC4 S2\" id=\"t24_141\">2 493 337 </span><span class=\"S2C22 SC4 S2\" id=\"t25_141\">6 028 677 </span><span class=\"S2C23 SC4 S2\" id=\"t26_141\">31 508 </span><span class=\"S2C24 SC4 S2\" id=\"t27_141\">8 553 522 </span><span class=\"S2C25 SC4 S2\" id=\"t28_141\">2022 </span><span class=\"S2C26 SC4 S2\" id=\"t29_141\">Goodwill </span><span class=\"S2C27 SC4 S2\" id=\"t2a_141\">Licences </span><span class=\"S2C28 SC4 S2\" id=\"t2b_141\">Other rights </span><span class=\"S2C29 SC4 S2\" id=\"t2c_141\">Total </span><span class=\"S2C2A SC4 S2\" id=\"t2d_141\">Movements during the year </span><span class=\"S2C2B SC5 S2\" id=\"t2e_141\">Carrying value as of 01.01 </span><span class=\"S2C2C SC5 S2\" id=\"t2f_141\">2 493 337 </span><span class=\"S2C2D SC5 S2\" id=\"t2g_141\">6 028 677 </span><span class=\"S2C2E SC5 S2\" id=\"t2h_141\">31 508 </span><span class=\"S2C2F SC5 S2\" id=\"t2i_141\">8 553 522 </span><span class=\"S2C30 SC5 S2\" id=\"t2j_141\">Translation differences </span><span class=\"S2C31 SC5 S2\" id=\"t2k_141\">23 282 </span><span class=\"S2C32 SC5 S2\" id=\"t2l_141\">226 </span><span class=\"S2C33 SC5 S2\" id=\"t2m_141\">23 508 </span><span class=\"S2C34 SC5 S2\" id=\"t2n_141\">Additions from business combinations </span><span class=\"S2C35 SC5 S2\" id=\"t2o_141\">6 409 </span><span class=\"S2C36 SC5 S2\" id=\"t2p_141\">6 409 </span><span class=\"S2C37 SC5 S2\" id=\"t2q_141\">Acquisition of intangible assets </span><span class=\"S2C38 SC5 S2\" id=\"t2r_141\">288 </span><span class=\"S2C39 SC5 S2\" id=\"t2s_141\">288 </span><span class=\"S2C3A SC5 S2\" id=\"t2t_141\">Disposals </span><span class=\"S2C3B SC5 S2\" id=\"t2u_141\">0 </span><span class=\"S2C3C SC5 S2\" id=\"t2v_141\">Amortisation for the year </span><span class=\"S2C3D SC5 S2\" id=\"t2w_141\">-29 137 </span><span class=\"S2C3E SC5 S2\" id=\"t2x_141\">-4 422 </span><span class=\"S2C3F SC5 S2\" id=\"t2y_141\">-33 559 </span><span class=\"S2C40 SC4 S2\" id=\"t2z_141\">Carrying value as of 31.12 </span><span class=\"S2C41 SC4 S2\" id=\"t30_141\">2 516 619 </span><span class=\"S2C42 SC4 S2\" id=\"t31_141\">5 999 540 </span><span class=\"S2C43 SC4 S2\" id=\"t32_141\">34 009 </span><span class=\"S2C44 SC4 S2\" id=\"t33_141\">8 550 168 </span><span class=\"S2C45 SC4 S2\" id=\"t34_141\">As of 31 December </span><span class=\"S2C46 SC5 S2\" id=\"t35_141\">Acquisition cost </span><span class=\"S2C47 SC5 S2\" id=\"t36_141\">2 516 619 </span><span class=\"S2C48 SC5 S2\" id=\"t37_141\">6 180 141 </span><span class=\"S2C49 SC5 S2\" id=\"t38_141\">91 384 </span><span class=\"S2C4A SC5 S2\" id=\"t39_141\">8 788 144 </span><span class=\"S2C4B SC5 S2\" id=\"t3a_141\">Accumulated amortisation </span><span class=\"S2C4C SC5 S2\" id=\"t3b_141\">-180 601 </span><span class=\"S2C4D SC5 S2\" id=\"t3c_141\">-57 375 </span><span class=\"S2C4E SC5 S2\" id=\"t3d_141\">-237 976 </span><span class=\"S2C4F SC4 S2\" id=\"t3e_141\">Carrying value as of 31.12 </span><span class=\"S2C50 SC4 S2\" id=\"t3f_141\">2 516 619 </span><span class=\"S2C51 SC4 S2\" id=\"t3g_141\">5 999 540 </span><span class=\"S2C52 SC4 S2\" id=\"t3h_141\">34 009 </span><span class=\"S2C53 SC4 S2\" id=\"t3i_141\">8 550 168 </span><span class=\"S2C54 SC5 S2\" id=\"t3j_141\">Assets with unlimited useful life </span><span class=\"S2C55 SC5 S2\" id=\"t3k_141\">2 516 619 </span><span class=\"S2C56 SC5 S2\" id=\"t3l_141\">5 766 078 </span><span class=\"S2C57 SC5 S2\" id=\"t3m_141\">8 509 </span><span class=\"S2C58 SC5 S2\" id=\"t3n_141\">8 291 206 </span><span class=\"S2C59 SC5 S2\" id=\"t3o_141\">Assets with limited useful life </span><span class=\"S2C5A SC5 S2\" id=\"t3p_141\">233 463 </span><span class=\"S2C5B SC5 S2\" id=\"t3q_141\">25 500 </span><span class=\"S2C5C SC5 S2\" id=\"t3r_141\">258 962 </span><span class=\"S2C5D SC4 S2\" id=\"t3s_141\">Carrying value as of 31.12 </span><span class=\"S2C5E SC4 S2\" id=\"t3t_141\">2 516 619 </span><span class=\"S2C5F SC4 S2\" id=\"t3u_141\">5 999 540 </span><span class=\"S2C60 SC4 S2\" id=\"t3v_141\">34 009 </span><span class=\"S2C61 SC4 S2\" id=\"t3w_141\">8 550 168 </span><span class=\"S2C63 SC7 S2\" id=\"t1_142\">Speci\ufb01cation of intangible assets per acquisition, per segment </span><span class=\"S2C64 SC4 S2\" id=\"t2_142\">2021 </span><span class=\"S2C65 SC4 S2\" id=\"t3_142\">Region </span><span class=\"S2C66 SC4 S2\" id=\"t4_142\">Acquisition </span><span class=\"S2C67 SC4 S2\" id=\"t5_142\">year </span><span class=\"S2C68 SC4 S2\" id=\"t6_142\">Goodwill </span><span class=\"S2C69 SC4 S2\" id=\"t7_142\">Licences </span><span class=\"S2C6A SC4 S2\" id=\"t8_142\">Other rights </span><span class=\"S2C6B SC4 S2\" id=\"t9_142\">Total </span><span class=\"S2C6C SC4 S2\" id=\"ta_142\">Wild catch </span><span class=\"S2C6D SC5 S2\" id=\"tb_142\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2C6E SC5 S2\" id=\"tc_142\">2016 </span><span class=\"S2C6F SC5 S2\" id=\"td_142\">3 544 000 </span><span class=\"S2C70 S269C S2\" id=\"te_142\">5) </span><span class=\"S2C71 SC4 S2\" id=\"tf_142\">3 544 000 </span><span class=\"S2C72 SC5 S2\" id=\"tg_142\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2C73 SC5 S2\" id=\"th_142\">2016, 2017 </span><span class=\"S2C74 SC5 S2\" id=\"ti_142\">2 646 </span><span class=\"S2C75 SC5 S2\" id=\"tj_142\">100 </span><span class=\"S2C76 SC4 S2\" id=\"tk_142\">2 746 </span><span class=\"S2C77 SC4 S2\" id=\"tl_142\">Total </span><span class=\"S2C78 SC4 S2\" id=\"tm_142\">2 646 </span><span class=\"S2C79 SC4 S2\" id=\"tn_142\">3 544 000 </span><span class=\"S2C7A SC4 S2\" id=\"to_142\">100 </span><span class=\"S2C7B SC4 S2\" id=\"tp_142\">3 546 746 </span><span class=\"S2C7C SC4 S2\" id=\"tq_142\">Farming </span><span class=\"S2C7D SC5 S2\" id=\"tr_142\">Ler\u00f8y Midt AS </span><span class=\"S2C7E SC5 S2\" id=\"ts_142\">Central </span><span class=\"S2C7F SC5 S2\" id=\"tt_142\">2003, 2006 </span><span class=\"S2C80 S269C S2\" id=\"tu_142\">1) </span><span class=\"S2C81 SC5 S2\" id=\"tv_142\">956 509 </span><span class=\"S2C82 SC5 S2\" id=\"tw_142\">700 260 </span><span class=\"S2C83 SC4 S2\" id=\"tx_142\">1 656 769 </span><span class=\"S2C84 SC5 S2\" id=\"ty_142\">Ler\u00f8y Vest AS </span><span class=\"S2C85 SC5 S2\" id=\"tz_142\">West </span><span class=\"S2C86 SC5 S2\" id=\"t10_142\">2007 </span><span class=\"S2C87 SC5 S2\" id=\"t11_142\">535 001 </span><span class=\"S2C88 SC5 S2\" id=\"t12_142\">502 529 </span><span class=\"S2C89 SC5 S2\" id=\"t13_142\">12 944 </span><span class=\"S2C8A S269C S2\" id=\"t14_142\">5) </span><span class=\"S2C8B SC4 S2\" id=\"t15_142\">1 050 474 </span><span class=\"S2C8C SC5 S2\" id=\"t16_142\">Sj\u00f8troll Havbruk AS </span><span class=\"S2C8D SC5 S2\" id=\"t17_142\">West </span><span class=\"S2C8E SC5 S2\" id=\"t18_142\">2010 </span><span class=\"S2C8F SC5 S2\" id=\"t19_142\">205 954 </span><span class=\"S2C90 SC5 S2\" id=\"t1a_142\">673 513 </span><span class=\"S2C91 SC4 S2\" id=\"t1b_142\">879 467 </span><span class=\"S2C92 SC5 S2\" id=\"t1c_142\">Ler\u00f8y Aurora AS </span><span class=\"S2C93 SC5 S2\" id=\"t1d_142\">North </span><span class=\"S2C94 SC5 S2\" id=\"t1e_142\">2005, 2014 </span><span class=\"S2C95 S269C S2\" id=\"t1f_142\">2) </span><span class=\"S2C96 SC5 S2\" id=\"t1g_142\">134 567 </span><span class=\"S2C97 SC5 S2\" id=\"t1h_142\">508 572 </span><span class=\"S2C98 SC5 S2\" id=\"t1i_142\">2 000 </span><span class=\"S2C99 SC4 S2\" id=\"t1j_142\">645 139 </span><span class=\"S2C9A SC5 S2\" id=\"t1k_142\">Norsk Oppdrettsservice AS </span><span class=\"S2C9B SC5 S2\" id=\"t1l_142\">West </span><span class=\"S2C9C SC5 S2\" id=\"t1m_142\">2015 </span><span class=\"S2C9D SC5 S2\" id=\"t1n_142\">13 295 </span><span class=\"S2C9E SC5 S2\" id=\"t1o_142\">40 000 </span><span class=\"S2C9F SC4 S2\" id=\"t1p_142\">53 295 </span><span class=\"S2CA0 SC5 S2\" id=\"t1q_142\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2CA1 SC5 S2\" id=\"t1r_142\">West </span><span class=\"S2CA2 SC5 S2\" id=\"t1s_142\">2021 </span><span class=\"S2CA3 SC5 S2\" id=\"t1t_142\">5 000 </span><span class=\"S2CA4 SC4 S2\" id=\"t1u_142\">5 000 </span><span class=\"S2CA5 SC4 S2\" id=\"t1v_142\">Total </span><span class=\"S2CA6 SC4 S2\" id=\"t1w_142\">1 845 326 </span><span class=\"S2CA7 SC4 S2\" id=\"t1x_142\">2 429 874 </span><span class=\"S2CA8 SC4 S2\" id=\"t1y_142\">14 944 </span><span class=\"S2CA9 SC4 S2\" id=\"t1z_142\">4 290 143 </span><span class=\"S2CAA SC4 S2\" id=\"t20_142\">VAP, sales and distribution </span><span class=\"S2CAB SC5 S2\" id=\"t21_142\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2CAC SC5 S2\" id=\"t22_142\">2021 </span><span class=\"S2CAD SC5 S2\" id=\"t23_142\">274 888 </span><span class=\"S2CAE SC5 S2\" id=\"t24_142\">0 </span><span class=\"S2CAF SC4 S2\" id=\"t25_142\">274 888 </span><span class=\"S2CB0 SC5 S2\" id=\"t26_142\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2CB1 SC5 S2\" id=\"t27_142\">2012 </span><span class=\"S2CB2 S269C S2\" id=\"t28_142\">4) </span><span class=\"S2CB3 SC5 S2\" id=\"t29_142\">141 249 </span><span class=\"S2CB4 SC4 S2\" id=\"t2a_142\">141 249 </span><span class=\"S2CB5 SC5 S2\" id=\"t2b_142\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2CB6 SC5 S2\" id=\"t2c_142\">2005, 2006 </span><span class=\"S2CB7 SC5 S2\" id=\"t2d_142\">122 461 </span><span class=\"S2CB8 SC5 S2\" id=\"t2e_142\">9 168 </span><span class=\"S2CB9 S269C S2\" id=\"t2f_142\">3) </span><span class=\"S2CBA SC4 S2\" id=\"t2g_142\">131 629 </span><span class=\"S2CBB SC5 S2\" id=\"t2h_142\">Ler\u00f8y Fossen AS </span><span class=\"S2CBC SC5 S2\" id=\"t2i_142\">2006 </span><span class=\"S2CBD SC5 S2\" id=\"t2j_142\">23 976 </span><span class=\"S2CBE SC4 S2\" id=\"t2k_142\">23 976 </span><span class=\"S2CBF SC5 S2\" id=\"t2l_142\">Ler\u00f8y Finland OY </span><span class=\"S2CC0 SC5 S2\" id=\"t2m_142\">2011 </span><span class=\"S2CC1 S269C S2\" id=\"t2n_142\">4) </span><span class=\"S2CC2 SC5 S2\" id=\"t2o_142\">20 082 </span><span class=\"S2CC3 SC5 S2\" id=\"t2p_142\">166 </span><span class=\"S2CC4 S269C S2\" id=\"t2q_142\">3) </span><span class=\"S2CC5 SC4 S2\" id=\"t2r_142\">20 248 </span><span class=\"S2CC6 SC5 S2\" id=\"t2s_142\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2CC7 SC5 S2\" id=\"t2t_142\">2002, 2003 </span><span class=\"S2CC8 S269C S2\" id=\"t2u_142\">7) </span><span class=\"S2CC9 SC5 S2\" id=\"t2v_142\">17 525 </span><span class=\"S2CCA SC4 S2\" id=\"t2w_142\">17 525 </span><span class=\"S27F8 SC5 S2\" id=\"t2x_142\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2CCB SC5 S2\" id=\"t2y_142\">2001, 2004 </span><span class=\"S2CCC SC5 S2\" id=\"t2z_142\">12 505 </span><span class=\"S2CCD SC4 S2\" id=\"t30_142\">12 505 </span><span class=\"S2CCE SC5 S2\" id=\"t31_142\">SAS Hallvard Ler\u00f8y </span><span class=\"S2CCF SC5 S2\" id=\"t32_142\">2008 </span><span class=\"S2CD0 SC5 S2\" id=\"t33_142\">9 979 </span><span class=\"S2CD1 SC4 S2\" id=\"t34_142\">9 979 </span><span class=\"S2CD2 SC5 S2\" id=\"t35_142\">Sj\u00f8mathuset AS </span><span class=\"S2CD3 SC5 S2\" id=\"t36_142\">2006, 2009 </span><span class=\"S2CD4 SC5 S2\" id=\"t37_142\">6 175 </span><span class=\"S2CD5 SC5 S2\" id=\"t38_142\">2 500 </span><span class=\"S2CD6 S269C S2\" id=\"t39_142\">3) </span><span class=\"S2CD7 SC4 S2\" id=\"t3a_142\">8 675 </span><span class=\"S2CD8 SC5 S2\" id=\"t3b_142\">Ler\u00f8y Tyrkia </span><span class=\"S2CD9 SC5 S2\" id=\"t3c_142\">2015 </span><span class=\"S2CDA S269C S2\" id=\"t3d_142\">4) </span><span class=\"S2CDB SC5 S2\" id=\"t3e_142\">6 280 </span><span class=\"S2CDC SC5 S2\" id=\"t3f_142\">49 </span><span class=\"S2CDD SC4 S2\" id=\"t3g_142\">6 329 </span><span class=\"S2CDE SC5 S2\" id=\"t3h_142\">SAS Eurosalmon </span><span class=\"S2CDF SC5 S2\" id=\"t3i_142\">2008 </span><span class=\"S2CE0 SC5 S2\" id=\"t3j_142\">4 697 </span><span class=\"S2CE1 SC4 S2\" id=\"t3k_142\">4 697 </span><span class=\"S2CE2 SC5 S2\" id=\"t3l_142\">Ler\u00f8y Seafood AS </span><span class=\"S2CE3 SC5 S2\" id=\"t3m_142\">1997, 2000 </span><span class=\"S2CE4 SC5 S2\" id=\"t3n_142\">3 976 </span><span class=\"S2CE5 SC5 S2\" id=\"t3o_142\">0 </span><span class=\"S2CE6 SC4 S2\" id=\"t3p_142\">3 976 </span><span class=\"S2CE7 SC5 S2\" id=\"t3q_142\">Leroy Seafood Italy SRL </span><span class=\"S2CE8 SC5 S2\" id=\"t3r_142\">2020 </span><span class=\"S2CE9 SC5 S2\" id=\"t3s_142\">0 </span><span class=\"S2CEA SC5 S2\" id=\"t3t_142\">2 643 </span><span class=\"S2CEB S269C S2\" id=\"t3u_142\">3) </span><span class=\"S2CEC SC4 S2\" id=\"t3v_142\">2 643 </span><span class=\"S2CED SC5 S2\" id=\"t3w_142\">Ler\u00f8y Portugal Ltd </span><span class=\"S2CEE SC5 S2\" id=\"t3x_142\">2004 </span><span class=\"S2CEF SC5 S2\" id=\"t3y_142\">524 </span><span class=\"S2CF0 SC5 S2\" id=\"t3z_142\">1 358 </span><span class=\"S2CF1 S269C S2\" id=\"t40_142\">3) </span><span class=\"S2CF2 SC4 S2\" id=\"t41_142\">1 882 </span><span class=\"S2CF3 SC5 S2\" id=\"t42_142\">SAS Fish Cut </span><span class=\"S2CF4 SC5 S2\" id=\"t43_142\">2003 </span><span class=\"S2CF5 SC5 S2\" id=\"t44_142\">1 050 </span><span class=\"S2CF6 SC4 S2\" id=\"t45_142\">1 050 </span><span class=\"S2CF7 SC5 S2\" id=\"t46_142\">Ler\u00f8y Processing Spain </span><span class=\"S2CF8 SC5 S2\" id=\"t47_142\">2016 </span><span class=\"S2CF9 SC5 S2\" id=\"t48_142\">0 </span><span class=\"S2CFA SC5 S2\" id=\"t49_142\">580 </span><span class=\"S2CFB S269C S2\" id=\"t4a_142\">3) </span><span class=\"S2CFC SC4 S2\" id=\"t4b_142\">580 </span><span class=\"S2CFD SC4 S2\" id=\"t4c_142\">Total </span><span class=\"S2CFE S269C S2\" id=\"t4d_142\">4) </span><span class=\"S2CFF SC4 S2\" id=\"t4e_142\">645 366 </span><span class=\"S2D00 SC4 S2\" id=\"t4f_142\">0 </span><span class=\"S2D01 SC4 S2\" id=\"t4g_142\">16 464 </span><span class=\"S2D02 S2D10 S2\" id=\"t4h_142\">3) </span><span class=\"S2D03 SC4 S2\" id=\"t4i_142\">661 830 </span><span class=\"S2D04 SC4 S2\" id=\"t4j_142\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2D05 SC5 S2\" id=\"t4k_142\">2017-2020 </span><span class=\"S2D06 SC4 S2\" id=\"t4l_142\">54 803 </span><span class=\"S2D07 S2D10 S2\" id=\"t4m_142\">6) </span><span class=\"S2D08 SC4 S2\" id=\"t4n_142\">54 803 </span><span class=\"S2D09 SC4 S2\" id=\"t4o_142\">Total </span><span class=\"S2D0A SC4 S2\" id=\"t4p_142\">2 493 337 </span><span class=\"S2D0B SC4 S2\" id=\"t4q_142\">6 028 676 </span><span class=\"S2D0C SC4 S2\" id=\"t4r_142\">31 508 </span><span class=\"S2D0D SC4 S2\" id=\"t4s_142\">8 553 522 </span><span class=\"S2D11 SC4 S2\" id=\"t1_143\">2022 </span><span class=\"S2D12 SC4 S2\" id=\"t2_143\">Region </span><span class=\"S2D13 SC4 S2\" id=\"t3_143\">Acquisition </span><span class=\"S2D14 SC4 S2\" id=\"t4_143\">year </span><span class=\"S2D15 SC4 S2\" id=\"t5_143\">Goodwill </span><span class=\"S2D16 SC4 S2\" id=\"t6_143\">Licences </span><span class=\"S2D17 SC4 S2\" id=\"t7_143\">Other rights </span><span class=\"S2800 SC4 S2\" id=\"t8_143\">Total </span><span class=\"S2D18 SC4 S2\" id=\"t9_143\">Wild catch </span><span class=\"S2D19 SC5 S2\" id=\"ta_143\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S2D1A SC5 S2\" id=\"tb_143\">2016 </span><span class=\"S2D1B SC5 S2\" id=\"tc_143\">3 514 863 </span><span class=\"S2D1C S269C S2\" id=\"td_143\">5) </span><span class=\"S2D1D SC4 S2\" id=\"te_143\">3 514 863 </span><span class=\"S2D1E SC5 S2\" id=\"tf_143\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S2D1F SC5 S2\" id=\"tg_143\">2017 </span><span class=\"S2D20 SC5 S2\" id=\"th_143\">2 646 </span><span class=\"S2D21 SC5 S2\" id=\"ti_143\">100 </span><span class=\"S2D22 SC4 S2\" id=\"tj_143\">2 746 </span><span class=\"S2D23 SC4 S2\" id=\"tk_143\">Total </span><span class=\"S2D24 SC4 S2\" id=\"tl_143\">2 646 </span><span class=\"S2D25 SC4 S2\" id=\"tm_143\">3 514 863 </span><span class=\"S2D26 SC4 S2\" id=\"tn_143\">100 </span><span class=\"S2D27 SC4 S2\" id=\"to_143\">3 517 609 </span><span class=\"S2D28 SC4 S2\" id=\"tp_143\">Farming </span><span class=\"S2D29 SC5 S2\" id=\"tq_143\">Ler\u00f8y Midt AS </span><span class=\"S2D2A SC5 S2\" id=\"tr_143\">Central </span><span class=\"S2D2B SC5 S2\" id=\"ts_143\">2003, 2006 </span><span class=\"S2D2C S269C S2\" id=\"tt_143\">1) </span><span class=\"S2D2D SC5 S2\" id=\"tu_143\">956 509 </span><span class=\"S2D2E SC5 S2\" id=\"tv_143\">700 260 </span><span class=\"S2D2F SC4 S2\" id=\"tw_143\">1 656 769 </span><span class=\"S2D30 SC5 S2\" id=\"tx_143\">Ler\u00f8y Vest AS </span><span class=\"S2D31 SC5 S2\" id=\"ty_143\">West </span><span class=\"S2D32 SC5 S2\" id=\"tz_143\">2007, 2022 </span><span class=\"S2D33 S269C S2\" id=\"t10_143\">7) </span><span class=\"S2D34 SC5 S2\" id=\"t11_143\">535 001 </span><span class=\"S2D35 SC5 S2\" id=\"t12_143\">502 529 </span><span class=\"S2D36 SC5 S2\" id=\"t13_143\">18 717 </span><span class=\"S2D37 S269C S2\" id=\"t14_143\">5), 7) </span><span class=\"S2D38 SC4 S2\" id=\"t15_143\">1 056 248 </span><span class=\"S2D39 SC5 S2\" id=\"t16_143\">Sj\u00f8troll Havbruk AS </span><span class=\"S2D3A SC5 S2\" id=\"t17_143\">West </span><span class=\"S2D3B SC5 S2\" id=\"t18_143\">2010 </span><span class=\"S2D3C SC5 S2\" id=\"t19_143\">205 954 </span><span class=\"S2D3D SC5 S2\" id=\"t1a_143\">673 513 </span><span class=\"S2D3E SC4 S2\" id=\"t1b_143\">879 467 </span><span class=\"S2D3F SC5 S2\" id=\"t1c_143\">Ler\u00f8y Aurora AS </span><span class=\"S2D40 SC5 S2\" id=\"t1d_143\">North </span><span class=\"S2D41 SC5 S2\" id=\"t1e_143\">2005, 2014 </span><span class=\"S2D42 S269C S2\" id=\"t1f_143\">2) </span><span class=\"S2D43 SC5 S2\" id=\"t1g_143\">134 567 </span><span class=\"S2D44 SC5 S2\" id=\"t1h_143\">508 572 </span><span class=\"S2D45 SC5 S2\" id=\"t1i_143\">2 000 </span><span class=\"S2D46 SC4 S2\" id=\"t1j_143\">645 139 </span><span class=\"S2D47 SC5 S2\" id=\"t1k_143\">Norsk Oppdrettsservice AS </span><span class=\"S2D48 SC5 S2\" id=\"t1l_143\">West </span><span class=\"S2D49 SC5 S2\" id=\"t1m_143\">2015 </span><span class=\"S2D4A SC5 S2\" id=\"t1n_143\">13 295 </span><span class=\"S2D4B SC5 S2\" id=\"t1o_143\">40 000 </span><span class=\"S2D4C SC4 S2\" id=\"t1p_143\">53 295 </span><span class=\"S2D4D SC5 S2\" id=\"t1q_143\">Ler\u00f8y \u00c5rskog AS </span><span class=\"S2D4E SC5 S2\" id=\"t1r_143\">West </span><span class=\"S2D4F SC5 S2\" id=\"t1s_143\">2021 </span><span class=\"S2D50 SC5 S2\" id=\"t1t_143\">5 000 </span><span class=\"S2D51 SC4 S2\" id=\"t1u_143\">5 000 </span><span class=\"S2D52 SC4 S2\" id=\"t1v_143\">Total </span><span class=\"S2D53 SC4 S2\" id=\"t1w_143\">1 845 326 </span><span class=\"S2D54 SC4 S2\" id=\"t1x_143\">2 429 874 </span><span class=\"S2D55 SC4 S2\" id=\"t1y_143\">20 717 </span><span class=\"S2D56 SC4 S2\" id=\"t1z_143\">4 295 917 </span><span class=\"S2D57 SC4 S2\" id=\"t20_143\">VAP, sales and distribution </span><span class=\"S2D58 SC5 S2\" id=\"t21_143\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S2D59 SC5 S2\" id=\"t22_143\">2021 </span><span class=\"S2D5A SC5 S2\" id=\"t23_143\">290 335 </span><span class=\"S2D5B SC5 S2\" id=\"t24_143\">0 </span><span class=\"S2D5C SC4 S2\" id=\"t25_143\">290 335 </span><span class=\"S2D5D SC5 S2\" id=\"t26_143\">Ler\u00f8y Seafood Holding B.V. </span><span class=\"S2D5E SC5 S2\" id=\"t27_143\">2012 </span><span class=\"S2D5F S269C S2\" id=\"t28_143\">4) </span><span class=\"S2D60 SC5 S2\" id=\"t29_143\">149 216 </span><span class=\"S2D61 SC4 S2\" id=\"t2a_143\">149 216 </span><span class=\"S2D62 SC5 S2\" id=\"t2b_143\">Sj\u00f8matgruppen (grossistene) </span><span class=\"S2D63 SC5 S2\" id=\"t2c_143\">2005, 2006 </span><span class=\"S2D64 SC5 S2\" id=\"t2d_143\">122 460 </span><span class=\"S2D65 SC5 S2\" id=\"t2e_143\">7 704 </span><span class=\"S2D66 S269C S2\" id=\"t2f_143\">3) </span><span class=\"S2D67 SC4 S2\" id=\"t2g_143\">130 164 </span><span class=\"S2D68 SC5 S2\" id=\"t2h_143\">Ler\u00f8y Fossen AS </span><span class=\"S2D69 SC5 S2\" id=\"t2i_143\">2006 </span><span class=\"S2D6A SC5 S2\" id=\"t2j_143\">23 976 </span><span class=\"S2D6B SC4 S2\" id=\"t2k_143\">23 976 </span><span class=\"S2D6C SC5 S2\" id=\"t2l_143\">Ler\u00f8y Finland OY </span><span class=\"S2D6D SC5 S2\" id=\"t2m_143\">2011 </span><span class=\"S2D6E S269C S2\" id=\"t2n_143\">4) </span><span class=\"S2D6F SC5 S2\" id=\"t2o_143\">21 215 </span><span class=\"S2D70 SC5 S2\" id=\"t2p_143\">119 </span><span class=\"S2D71 S269C S2\" id=\"t2q_143\">3) </span><span class=\"S2D72 SC4 S2\" id=\"t2r_143\">21 334 </span><span class=\"S2D73 SC5 S2\" id=\"t2s_143\">Ler\u00f8y Sm\u00f8gen Seafood AB </span><span class=\"S2D74 SC5 S2\" id=\"t2t_143\">2002, 2003 </span><span class=\"S2D75 SC5 S2\" id=\"t2u_143\">17 473 </span><span class=\"S2D76 SC4 S2\" id=\"t2v_143\">17 473 </span><span class=\"S2D77 SC5 S2\" id=\"t2w_143\">Ler\u00f8y Sverige AB (ex. Sm\u00f8gen) </span><span class=\"S2D78 SC5 S2\" id=\"t2x_143\">2001, 2004 </span><span class=\"S2D79 SC5 S2\" id=\"t2y_143\">12 505 </span><span class=\"S2D7A SC4 S2\" id=\"t2z_143\">12 505 </span><span class=\"S2D7B SC5 S2\" id=\"t30_143\">SAS Hallvard Ler\u00f8y </span><span class=\"S2D7C SC5 S2\" id=\"t31_143\">2008 </span><span class=\"S2D7D SC5 S2\" id=\"t32_143\">9 979 </span><span class=\"S2D7E SC4 S2\" id=\"t33_143\">9 979 </span><span class=\"S2D7F SC5 S2\" id=\"t34_143\">Sj\u00f8mathuset AS </span><span class=\"S2D80 SC5 S2\" id=\"t35_143\">2006, 2009 </span><span class=\"S2D81 SC5 S2\" id=\"t36_143\">6 175 </span><span class=\"S2D82 SC5 S2\" id=\"t37_143\">1 250 </span><span class=\"S2D83 S269C S2\" id=\"t38_143\">3) </span><span class=\"S2D84 SC4 S2\" id=\"t39_143\">7 425 </span><span class=\"S2D85 SC5 S2\" id=\"t3a_143\">Ler\u00f8y Tyrkia </span><span class=\"S2D86 SC5 S2\" id=\"t3b_143\">2015 </span><span class=\"S2D87 S269C S2\" id=\"t3c_143\">4) </span><span class=\"S2D88 SC5 S2\" id=\"t3d_143\">5 068 </span><span class=\"S2D89 SC5 S2\" id=\"t3e_143\">36 </span><span class=\"S2D8A SC4 S2\" id=\"t3f_143\">5 104 </span><span class=\"S2D8B SC5 S2\" id=\"t3g_143\">SAS Eurosalmon </span><span class=\"S2D8C SC5 S2\" id=\"t3h_143\">2008 </span><span class=\"S2D8D SC5 S2\" id=\"t3i_143\">4 697 </span><span class=\"S2D8E SC4 S2\" id=\"t3j_143\">4 697 </span><span class=\"S2D8F SC5 S2\" id=\"t3k_143\">Ler\u00f8y Seafood AS </span><span class=\"S2D90 SC5 S2\" id=\"t3l_143\">1997, 2000 </span><span class=\"S2D91 SC5 S2\" id=\"t3m_143\">3 976 </span><span class=\"S2D92 SC5 S2\" id=\"t3n_143\">0 </span><span class=\"S2D93 SC4 S2\" id=\"t3o_143\">3 976 </span><span class=\"S2D94 SC5 S2\" id=\"t3p_143\">Leroy Seafood Italy SRL </span><span class=\"S2D95 SC5 S2\" id=\"t3q_143\">2020 </span><span class=\"S2D96 SC5 S2\" id=\"t3r_143\">0 </span><span class=\"S2D97 SC5 S2\" id=\"t3s_143\">1 972 </span><span class=\"S2D98 S269C S2\" id=\"t3t_143\">3) </span><span class=\"S2D99 SC4 S2\" id=\"t3u_143\">1 972 </span><span class=\"S2D9A SC5 S2\" id=\"t3v_143\">Ler\u00f8y Portugal Ltd </span><span class=\"S2D9B SC5 S2\" id=\"t3w_143\">2004 </span><span class=\"S2D9C SC5 S2\" id=\"t3x_143\">524 </span><span class=\"S2D9D SC5 S2\" id=\"t3y_143\">1 446 </span><span class=\"S2D9E S269C S2\" id=\"t3z_143\">3) </span><span class=\"S2D9F SC4 S2\" id=\"t40_143\">1 970 </span><span class=\"S2DA0 SC5 S2\" id=\"t41_143\">SAS Fish Cut </span><span class=\"S2DA1 SC5 S2\" id=\"t42_143\">2003 </span><span class=\"S2DA2 SC5 S2\" id=\"t43_143\">1 050 </span><span class=\"S2DA3 SC4 S2\" id=\"t44_143\">1 050 </span><span class=\"S2DA4 SC5 S2\" id=\"t45_143\">Ler\u00f8y Processing Spain </span><span class=\"S2DA5 SC5 S2\" id=\"t46_143\">2016 </span><span class=\"S2DA6 SC5 S2\" id=\"t47_143\">0 </span><span class=\"S2DA7 SC5 S2\" id=\"t48_143\">664 </span><span class=\"S2DA8 S269C S2\" id=\"t49_143\">3) </span><span class=\"S2DA9 SC4 S2\" id=\"t4a_143\">664 </span><span class=\"S2DAA SC4 S2\" id=\"t4b_143\">Total </span><span class=\"S2DAB S269C S2\" id=\"t4c_143\">4) </span><span class=\"S2DAC SC4 S2\" id=\"t4d_143\">668 648 </span><span class=\"S2DAD SC4 S2\" id=\"t4e_143\">0 </span><span class=\"S2DAE SC4 S2\" id=\"t4f_143\">13 191 </span><span class=\"S2DAF S2D10 S2\" id=\"t4g_143\">3) </span><span class=\"S2DB0 SC4 S2\" id=\"t4h_143\">681 839 </span><span class=\"S2DB1 SC4 S2\" id=\"t4i_143\">Ler\u00f8y Seafood Group ASA </span><span class=\"S2DB2 SC5 S2\" id=\"t4j_143\">2017-2020 </span><span class=\"S2DB3 SC4 S2\" id=\"t4k_143\">54 803 </span><span class=\"S2DB4 S2D10 S2\" id=\"t4l_143\">6) </span><span class=\"S2DB5 SC4 S2\" id=\"t4m_143\">54 803 </span><span class=\"S2DB6 SC4 S2\" id=\"t4n_143\">Total </span><span class=\"S2DB7 SC4 S2\" id=\"t4o_143\">2 516 619 </span><span class=\"S2DB8 SC4 S2\" id=\"t4p_143\">5 999 540 </span><span class=\"S2DB9 SC4 S2\" id=\"t4q_143\">34 009 </span><span class=\"S2DBA SC4 S2\" id=\"t4r_143\">8 550 168 </span><span class=\"S2DBB SAF1 S2\" id=\"t4s_143\">1) Consists of the Midnor acquisition from 2003 and the Hydrotech acquisition from 2006. The companies are now merged. </span><span class=\"S2DBC SAF1 S2\" id=\"t4t_143\">2) Consists of the Aurora acquisition from 2005, the Villa acquisition from 2014, in addition to paid amount for increased volume in 2017, 2018 </span><span class=\"S2DBD SAF1 S2\" id=\"t4u_143\">and 2020 </span><span class=\"S2DBE SAF1 S2\" id=\"t4v_143\">3) Rights with a de\ufb01nite useful life and are subject to amortisation. </span><span class=\"S2DBF SAF1 S2\" id=\"t4w_143\">4) The change in goodwill comes mainly from currency translation differences related to foreign subsidiaries to NOK (IAS 21) </span><span class=\"S2DC0 SAF1 S2\" id=\"t4x_143\">5) A certain part of the total value has a de\ufb01nite useful life, and is subject to amortisation. </span><span class=\"S2DC1 SAF1 S2\" id=\"t4y_143\">6) Consists of initial costs related to R&amp;D licence granted to LSG ASA, and in process of being accepted. Will be operated by Ler\u00f8y Vest AS </span><span class=\"S2DC2 SAF1 S2\" id=\"t4z_143\">7) Increase is related to acquisition of water fall rights to a power plant, with unde\ufb01nite lifetime </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f14378": {
   "value": "<span class=\"S2168 SC7 S2\" id=\"t3x_141\">Reconciliation carrying value, gross value and life </span><span class=\"S2BD6 SC4 S2\" id=\"t1_141\">2021 </span><span class=\"S2BD7 SC4 S2\" id=\"t2_141\">Goodwill </span><span class=\"S2BD8 SC4 S2\" id=\"t3_141\">Licences </span><span class=\"S2BD9 SC4 S2\" id=\"t4_141\">Other rights </span><span class=\"S2BDA SC4 S2\" id=\"t5_141\">Total </span><span class=\"S2BDB SC4 S2\" id=\"t6_141\">As of 1 January </span><span class=\"S2BDC SC5 S2\" id=\"t7_141\">Acquisition cost </span><span class=\"S2BDD SC5 S2\" id=\"t8_141\">2 225 145 </span><span class=\"S2BDE SC5 S2\" id=\"t9_141\">6 180 330 </span><span class=\"S2BDF SC5 S2\" id=\"ta_141\">73 280 </span><span class=\"S2BE0 SC5 S2\" id=\"tb_141\">8 478 755 </span><span class=\"S2BE1 SC5 S2\" id=\"tc_141\">Accumulated amortisation </span><span class=\"S2BE2 SC5 S2\" id=\"td_141\">-123 064 </span><span class=\"S2BE3 SC5 S2\" id=\"te_141\">-48 411 </span><span class=\"S2BE4 SC5 S2\" id=\"tf_141\">-171 475 </span><span class=\"S2BE5 SC4 S2\" id=\"tg_141\">Carrying value as of 01.01 </span><span class=\"S2BE6 SC4 S2\" id=\"th_141\">2 225 145 </span><span class=\"S2BE7 SC4 S2\" id=\"ti_141\">6 057 266 </span><span class=\"S2BE8 SC4 S2\" id=\"tj_141\">24 869 </span><span class=\"S2BE9 SC4 S2\" id=\"tk_141\">8 307 280 </span><span class=\"S2BEA SC4 S2\" id=\"tl_141\">Movements during the year </span><span class=\"S2BEB SC5 S2\" id=\"tm_141\">Carrying value as of 01.01 </span><span class=\"S2BEC SC5 S2\" id=\"tn_141\">2 225 145 </span><span class=\"S2BED SC5 S2\" id=\"to_141\">6 057 266 </span><span class=\"S2BEE SC5 S2\" id=\"tp_141\">24 869 </span><span class=\"S2BEF SC5 S2\" id=\"tq_141\">8 307 280 </span><span class=\"S2BF0 SC5 S2\" id=\"tr_141\">Translation differences </span><span class=\"S2BF1 SC5 S2\" id=\"ts_141\">-13 117 </span><span class=\"S2BF2 SC5 S2\" id=\"tt_141\">-105 </span><span class=\"S2BF3 SC5 S2\" id=\"tu_141\">-13 222 </span><span class=\"S2BF4 SC5 S2\" id=\"tv_141\">Additions from business combinations </span><span class=\"S2BF5 SC5 S2\" id=\"tw_141\">281 309 </span><span class=\"S2BF6 SC5 S2\" id=\"tx_141\">5 000 </span><span class=\"S2BF7 SC5 S2\" id=\"ty_141\">7 798 </span><span class=\"S2BF8 SC5 S2\" id=\"tz_141\">294 107 </span><span class=\"S2BF9 SC5 S2\" id=\"t10_141\">Acquisition of intangible assets </span><span class=\"S2BFA SC5 S2\" id=\"t11_141\">3 461 </span><span class=\"S2BFB SC5 S2\" id=\"t12_141\">3 461 </span><span class=\"S2BFC SC5 S2\" id=\"t13_141\">Disposals </span><span class=\"S2BFD SC5 S2\" id=\"t14_141\">-5 189 </span><span class=\"S2BFE SC5 S2\" id=\"t15_141\">-5 189 </span><span class=\"S2BFF SC5 S2\" id=\"t16_141\">Amortisation for the year </span><span class=\"S2C00 SC5 S2\" id=\"t17_141\">-28 400 </span><span class=\"S2C01 SC5 S2\" id=\"t18_141\">-4 515 </span><span class=\"S2C02 SC5 S2\" id=\"t19_141\">-32 915 </span><span class=\"S2C03 SC4 S2\" id=\"t1a_141\">Carrying value as of 31.12 </span><span class=\"S2C04 SC4 S2\" id=\"t1b_141\">2 493 337 </span><span class=\"S2C05 SC4 S2\" id=\"t1c_141\">6 028 677 </span><span class=\"S2C06 SC4 S2\" id=\"t1d_141\">31 508 </span><span class=\"S2C07 SC4 S2\" id=\"t1e_141\">8 553 522 </span><span class=\"S2C08 SC4 S2\" id=\"t1f_141\">As of 31 December </span><span class=\"S2C09 SC5 S2\" id=\"t1g_141\">Acquisition cost </span><span class=\"S2C0A SC5 S2\" id=\"t1h_141\">2 493 337 </span><span class=\"S2C0B SC5 S2\" id=\"t1i_141\">6 180 141 </span><span class=\"S2C0C SC5 S2\" id=\"t1j_141\">84 349 </span><span class=\"S2C0D SC5 S2\" id=\"t1k_141\">8 757 827 </span><span class=\"S2C0E SC5 S2\" id=\"t1l_141\">Accumulated amortisation </span><span class=\"S2C0F SC5 S2\" id=\"t1m_141\">-151 464 </span><span class=\"S2C10 SC5 S2\" id=\"t1n_141\">-52 841 </span><span class=\"S2C11 SC5 S2\" id=\"t1o_141\">-204 305 </span><span class=\"S2C12 SC4 S2\" id=\"t1p_141\">Carrying value as of 31.12 </span><span class=\"S2C13 SC4 S2\" id=\"t1q_141\">2 493 337 </span><span class=\"S2C14 SC4 S2\" id=\"t1r_141\">6 028 677 </span><span class=\"S2C15 SC4 S2\" id=\"t1s_141\">31 508 </span><span class=\"S2C16 SC4 S2\" id=\"t1t_141\">8 553 522 </span><span class=\"S2C17 SC5 S2\" id=\"t1u_141\">Assets with unlimited useful life </span><span class=\"S2C18 SC5 S2\" id=\"t1v_141\">2 493 337 </span><span class=\"S2C19 SC5 S2\" id=\"t1w_141\">5 766 078 </span><span class=\"S2C1A SC5 S2\" id=\"t1x_141\">2 100 </span><span class=\"S2C1B SC5 S2\" id=\"t1y_141\">8 261 515 </span><span class=\"S2C1C SC5 S2\" id=\"t1z_141\">Assets with limited useful life </span><span class=\"S2C1D SC5 S2\" id=\"t20_141\">262 600 </span><span class=\"S2C1E SC5 S2\" id=\"t21_141\">29 408 </span><span class=\"S2C1F SC5 S2\" id=\"t22_141\">292 007 </span><span class=\"S2C20 SC4 S2\" id=\"t23_141\">Carrying value as of 31.12 </span><span class=\"S2C21 SC4 S2\" id=\"t24_141\">2 493 337 </span><span class=\"S2C22 SC4 S2\" id=\"t25_141\">6 028 677 </span><span class=\"S2C23 SC4 S2\" id=\"t26_141\">31 508 </span><span class=\"S2C24 SC4 S2\" id=\"t27_141\">8 553 522 </span><span class=\"S2C25 SC4 S2\" id=\"t28_141\">2022 </span><span class=\"S2C26 SC4 S2\" id=\"t29_141\">Goodwill </span><span class=\"S2C27 SC4 S2\" id=\"t2a_141\">Licences </span><span class=\"S2C28 SC4 S2\" id=\"t2b_141\">Other rights </span><span class=\"S2C29 SC4 S2\" id=\"t2c_141\">Total </span><span class=\"S2C2A SC4 S2\" id=\"t2d_141\">Movements during the year </span><span class=\"S2C2B SC5 S2\" id=\"t2e_141\">Carrying value as of 01.01 </span><span class=\"S2C2C SC5 S2\" id=\"t2f_141\">2 493 337 </span><span class=\"S2C2D SC5 S2\" id=\"t2g_141\">6 028 677 </span><span class=\"S2C2E SC5 S2\" id=\"t2h_141\">31 508 </span><span class=\"S2C2F SC5 S2\" id=\"t2i_141\">8 553 522 </span><span class=\"S2C30 SC5 S2\" id=\"t2j_141\">Translation differences </span><span class=\"S2C31 SC5 S2\" id=\"t2k_141\">23 282 </span><span class=\"S2C32 SC5 S2\" id=\"t2l_141\">226 </span><span class=\"S2C33 SC5 S2\" id=\"t2m_141\">23 508 </span><span class=\"S2C34 SC5 S2\" id=\"t2n_141\">Additions from business combinations </span><span class=\"S2C35 SC5 S2\" id=\"t2o_141\">6 409 </span><span class=\"S2C36 SC5 S2\" id=\"t2p_141\">6 409 </span><span class=\"S2C37 SC5 S2\" id=\"t2q_141\">Acquisition of intangible assets </span><span class=\"S2C38 SC5 S2\" id=\"t2r_141\">288 </span><span class=\"S2C39 SC5 S2\" id=\"t2s_141\">288 </span><span class=\"S2C3A SC5 S2\" id=\"t2t_141\">Disposals </span><span class=\"S2C3B SC5 S2\" id=\"t2u_141\">0 </span><span class=\"S2C3C SC5 S2\" id=\"t2v_141\">Amortisation for the year </span><span class=\"S2C3D SC5 S2\" id=\"t2w_141\">-29 137 </span><span class=\"S2C3E SC5 S2\" id=\"t2x_141\">-4 422 </span><span class=\"S2C3F SC5 S2\" id=\"t2y_141\">-33 559 </span><span class=\"S2C40 SC4 S2\" id=\"t2z_141\">Carrying value as of 31.12 </span><span class=\"S2C41 SC4 S2\" id=\"t30_141\">2 516 619 </span><span class=\"S2C42 SC4 S2\" id=\"t31_141\">5 999 540 </span><span class=\"S2C43 SC4 S2\" id=\"t32_141\">34 009 </span><span class=\"S2C44 SC4 S2\" id=\"t33_141\">8 550 168 </span><span class=\"S2C45 SC4 S2\" id=\"t34_141\">As of 31 December </span><span class=\"S2C46 SC5 S2\" id=\"t35_141\">Acquisition cost </span><span class=\"S2C47 SC5 S2\" id=\"t36_141\">2 516 619 </span><span class=\"S2C48 SC5 S2\" id=\"t37_141\">6 180 141 </span><span class=\"S2C49 SC5 S2\" id=\"t38_141\">91 384 </span><span class=\"S2C4A SC5 S2\" id=\"t39_141\">8 788 144 </span><span class=\"S2C4B SC5 S2\" id=\"t3a_141\">Accumulated amortisation </span><span class=\"S2C4C SC5 S2\" id=\"t3b_141\">-180 601 </span><span class=\"S2C4D SC5 S2\" id=\"t3c_141\">-57 375 </span><span class=\"S2C4E SC5 S2\" id=\"t3d_141\">-237 976 </span><span class=\"S2C4F SC4 S2\" id=\"t3e_141\">Carrying value as of 31.12 </span><span class=\"S2C50 SC4 S2\" id=\"t3f_141\">2 516 619 </span><span class=\"S2C51 SC4 S2\" id=\"t3g_141\">5 999 540 </span><span class=\"S2C52 SC4 S2\" id=\"t3h_141\">34 009 </span><span class=\"S2C53 SC4 S2\" id=\"t3i_141\">8 550 168 </span><span class=\"S2C54 SC5 S2\" id=\"t3j_141\">Assets with unlimited useful life </span><span class=\"S2C55 SC5 S2\" id=\"t3k_141\">2 516 619 </span><span class=\"S2C56 SC5 S2\" id=\"t3l_141\">5 766 078 </span><span class=\"S2C57 SC5 S2\" id=\"t3m_141\">8 509 </span><span class=\"S2C58 SC5 S2\" id=\"t3n_141\">8 291 206 </span><span class=\"S2C59 SC5 S2\" id=\"t3o_141\">Assets with limited useful life </span><span class=\"S2C5A SC5 S2\" id=\"t3p_141\">233 463 </span><span class=\"S2C5B SC5 S2\" id=\"t3q_141\">25 500 </span><span class=\"S2C5C SC5 S2\" id=\"t3r_141\">258 962 </span><span class=\"S2C5D SC4 S2\" id=\"t3s_141\">Carrying value as of 31.12 </span><span class=\"S2C5E SC4 S2\" id=\"t3t_141\">2 516 619 </span><span class=\"S2C5F SC4 S2\" id=\"t3u_141\">5 999 540 </span><span class=\"S2C60 SC4 S2\" id=\"t3v_141\">34 009 </span><span class=\"S2C61 SC4 S2\" id=\"t3w_141\">8 550 168 </span><span class=\"S22B1 SC7 S2\" id=\"t1_151\">Right-of-use assets </span><span class=\"S31D0 SC8 S2\" id=\"t2_151\">Right-of-use assets by groups in the notes and agreement partners </span><span class=\"S3228 SC4 S2\" id=\"t2j_151\">Of which from </span><span class=\"S3229 SC4 S2\" id=\"t2k_151\">2021 </span><span class=\"S322A SC4 S2\" id=\"t2l_151\">Real estate </span><span class=\"S322B SC4 S2\" id=\"t2m_151\">Buildings </span><span class=\"S322C SC4 S2\" id=\"t2n_151\">Vessels </span><span class=\"S322D SC4 S2\" id=\"t2o_151\">Machines, </span><span class=\"S322E SC4 S2\" id=\"t2p_151\">\ufb01xtures, </span><span class=\"S322F SC4 S2\" id=\"t2q_151\">equip., etc. </span><span class=\"S3230 SC4 S2\" id=\"t2r_151\">Total right of </span><span class=\"S3231 SC4 S2\" id=\"t2s_151\">use assets </span><span class=\"S3232 SC4 S2\" id=\"t2t_151\">Credit </span><span class=\"S3233 SC4 S2\" id=\"t2u_151\">institution </span><span class=\"S3234 SC4 S2\" id=\"t2v_151\">Others </span><span class=\"S3235 SC4 S2\" id=\"t2w_151\">As of 1 January 2021 </span><span class=\"S3236 SC5 S2\" id=\"t2x_151\">Acquisition cost * </span><span class=\"S3237 SC5 S2\" id=\"t2y_151\">47 991 </span><span class=\"S3238 SC5 S2\" id=\"t2z_151\">655 099 </span><span class=\"S3239 SC5 S2\" id=\"t30_151\">839 346 </span><span class=\"S323A SC5 S2\" id=\"t31_151\">1 771 958 </span><span class=\"S323B SC4 S2\" id=\"t32_151\">3 314 394 </span><span class=\"S323C SC5 S2\" id=\"t33_151\">1 845 663 </span><span class=\"S323D SC5 S2\" id=\"t34_151\">1 468 731 </span><span class=\"S323E SC5 S2\" id=\"t35_151\">Accumulated depreciation * </span><span class=\"S323F SC5 S2\" id=\"t36_151\">-7 719 </span><span class=\"S3240 SC5 S2\" id=\"t37_151\">-112 996 </span><span class=\"S3241 SC5 S2\" id=\"t38_151\">-282 792 </span><span class=\"S3242 SC5 S2\" id=\"t39_151\">-481 852 </span><span class=\"S3243 SC4 S2\" id=\"t3a_151\">-885 358 </span><span class=\"S3244 SC5 S2\" id=\"t3b_151\">-460 762 </span><span class=\"S3245 SC5 S2\" id=\"t3c_151\">-424 596 </span><span class=\"S3246 SC4 S2\" id=\"t3d_151\">Carried value 01.01 </span><span class=\"S3247 SC4 S2\" id=\"t3e_151\">40 272 </span><span class=\"S3248 SC4 S2\" id=\"t3f_151\">542 103 </span><span class=\"S3249 SC4 S2\" id=\"t3g_151\">556 555 </span><span class=\"S324A SC4 S2\" id=\"t3h_151\">1 290 106 </span><span class=\"S324B SC4 S2\" id=\"t3i_151\">2 429 037 </span><span class=\"S324C SC4 S2\" id=\"t3j_151\">1 384 901 </span><span class=\"S324D SC4 S2\" id=\"t3k_151\">1 044 136 </span><span class=\"S324E SC4 S2\" id=\"t3l_151\">Financial year 2021 </span><span class=\"S324F SC5 S2\" id=\"t3m_151\">Carried value 01.01 </span><span class=\"S3250 SC5 S2\" id=\"t3n_151\">40 272 </span><span class=\"S3251 SC5 S2\" id=\"t3o_151\">542 103 </span><span class=\"S3252 SC5 S2\" id=\"t3p_151\">556 555 </span><span class=\"S3253 SC5 S2\" id=\"t3q_151\">1 290 106 </span><span class=\"S3254 SC4 S2\" id=\"t3r_151\">2 429 037 </span><span class=\"S3255 SC5 S2\" id=\"t3s_151\">1 384 901 </span><span class=\"S3256 SC5 S2\" id=\"t3t_151\">1 044 136 </span><span class=\"S3257 SC5 S2\" id=\"t3u_151\">Business combinations </span><span class=\"S3258 SC5 S2\" id=\"t3v_151\">11 638 </span><span class=\"S3259 SC4 S2\" id=\"t3w_151\">11 638 </span><span class=\"S325A SC5 S2\" id=\"t3x_151\">11 638 </span><span class=\"S325B SC5 S2\" id=\"t3y_151\">0 </span><span class=\"S325C SC5 S2\" id=\"t3z_151\">Translation differences </span><span class=\"S325D SC5 S2\" id=\"t40_151\">-6 459 </span><span class=\"S325E SC5 S2\" id=\"t41_151\">85 </span><span class=\"S325F SC5 S2\" id=\"t42_151\">-3 143 </span><span class=\"S3260 SC4 S2\" id=\"t43_151\">-9 517 </span><span class=\"S3261 SC5 S2\" id=\"t44_151\">-7 828 </span><span class=\"S3262 SC5 S2\" id=\"t45_151\">-1 689 </span><span class=\"S3263 SC5 S2\" id=\"t46_151\">Addition of new right-of-use assets </span><span class=\"S3264 SC5 S2\" id=\"t47_151\">13 824 </span><span class=\"S3265 SC5 S2\" id=\"t48_151\">33 004 </span><span class=\"S3266 SC5 S2\" id=\"t49_151\">504 697 </span><span class=\"S3267 SC5 S2\" id=\"t4a_151\">339 620 </span><span class=\"S3268 SC4 S2\" id=\"t4b_151\">891 145 </span><span class=\"S3269 SC5 S2\" id=\"t4c_151\">245 019 </span><span class=\"S326A SC5 S2\" id=\"t4d_151\">646 126 </span><span class=\"S326B SC5 S2\" id=\"t4e_151\">Disposals </span><span class=\"S326C SC5 S2\" id=\"t4f_151\">-44 205 </span><span class=\"S326D SC5 S2\" id=\"t4g_151\">-107 861 </span><span class=\"S326E SC5 S2\" id=\"t4h_151\">-3 900 </span><span class=\"S326F SC4 S2\" id=\"t4i_151\">-155 966 </span><span class=\"S3270 SC5 S2\" id=\"t4j_151\">-36 634 </span><span class=\"S3271 SC5 S2\" id=\"t4k_151\">-119 332 </span><span class=\"S1A3C SC5 S2\" id=\"t4l_151\">Depreciation for the year </span><span class=\"S3272 SC5 S2\" id=\"t4m_151\">-4 411 </span><span class=\"S3273 SC5 S2\" id=\"t4n_151\">-58 203 </span><span class=\"S3274 SC5 S2\" id=\"t4o_151\">-164 361 </span><span class=\"S3275 SC5 S2\" id=\"t4p_151\">-278 719 </span><span class=\"S3276 SC4 S2\" id=\"t4q_151\">-505 694 </span><span class=\"S3277 SC5 S2\" id=\"t4r_151\">-231 167 </span><span class=\"S3278 SC5 S2\" id=\"t4s_151\">-274 527 </span><span class=\"S3279 SC4 S2\" id=\"t4t_151\">Carried value 31.12 </span><span class=\"S327A SC4 S2\" id=\"t4u_151\">49 686 </span><span class=\"S327B SC4 S2\" id=\"t4v_151\">466 241 </span><span class=\"S327C SC4 S2\" id=\"t4w_151\">789 115 </span><span class=\"S327D SC4 S2\" id=\"t4x_151\">1 355 602 </span><span class=\"S327E SC4 S2\" id=\"t4y_151\">2 660 643 </span><span class=\"S327F SC4 S2\" id=\"t4z_151\">1 365 929 </span><span class=\"S3280 SC4 S2\" id=\"t50_151\">1 294 714 </span><span class=\"S3281 SC4 S2\" id=\"t51_151\">As of 31 December 2021 </span><span class=\"S3282 SC5 S2\" id=\"t52_151\">Acquisition cost * </span><span class=\"S3283 SC5 S2\" id=\"t53_151\">61 815 </span><span class=\"S3284 SC5 S2\" id=\"t54_151\">627 918 </span><span class=\"S3285 SC5 S2\" id=\"t55_151\">1 076 250 </span><span class=\"S3286 SC5 S2\" id=\"t56_151\">2 107 903 </span><span class=\"S3287 SC4 S2\" id=\"t57_151\">3 873 886 </span><span class=\"S3288 SC5 S2\" id=\"t58_151\">2 030 753 </span><span class=\"S3289 SC5 S2\" id=\"t59_151\">1 843 133 </span><span class=\"S328A SC5 S2\" id=\"t5a_151\">Accumulated depreciation * </span><span class=\"S328B SC5 S2\" id=\"t5b_151\">-12 130 </span><span class=\"S328C SC5 S2\" id=\"t5c_151\">-161 677 </span><span class=\"S328D SC5 S2\" id=\"t5d_151\">-287 135 </span><span class=\"S328E SC5 S2\" id=\"t5e_151\">-752 301 </span><span class=\"S328F SC4 S2\" id=\"t5f_151\">-1 213 242 </span><span class=\"S3290 SC5 S2\" id=\"t5g_151\">-664 824 </span><span class=\"S3291 SC5 S2\" id=\"t5h_151\">-548 419 </span><span class=\"S3292 SC4 S2\" id=\"t5i_151\">Carried value 31.12 </span><span class=\"S3293 SC4 S2\" id=\"t5j_151\">49 686 </span><span class=\"S3294 SC4 S2\" id=\"t5k_151\">466 241 </span><span class=\"S3295 SC4 S2\" id=\"t5l_151\">789 115 </span><span class=\"S3296 SC4 S2\" id=\"t5m_151\">1 355 602 </span><span class=\"S3297 SC4 S2\" id=\"t5n_151\">2 660 643 </span><span class=\"S3298 SC4 S2\" id=\"t5o_151\">1 365 929 </span><span class=\"S3299 SC4 S2\" id=\"t5p_151\">1 294 714 </span><span class=\"S31D1 SC4 S2\" id=\"t3_151\">Of which from </span><span class=\"S31D2 SC4 S2\" id=\"t4_151\">2022 </span><span class=\"S31D3 SC4 S2\" id=\"t5_151\">Real estate </span><span class=\"S31D4 SC4 S2\" id=\"t6_151\">Buildings </span><span class=\"S31D5 SC4 S2\" id=\"t7_151\">Vessels </span><span class=\"S31D6 SC4 S2\" id=\"t8_151\">Machines, </span><span class=\"S31D7 SC4 S2\" id=\"t9_151\">\ufb01xtures, </span><span class=\"S31D8 SC4 S2\" id=\"ta_151\">equip., etc. </span><span class=\"S31D9 SC4 S2\" id=\"tb_151\">Total right of </span><span class=\"S31DA SC4 S2\" id=\"tc_151\">use assets </span><span class=\"S31DB SC4 S2\" id=\"td_151\">Credit </span><span class=\"S31DC SC4 S2\" id=\"te_151\">institution </span><span class=\"S31DD SC4 S2\" id=\"tf_151\">Others </span><span class=\"S31DE SC4 S2\" id=\"tg_151\">Financial year 2022 </span><span class=\"S31DF SC5 S2\" id=\"th_151\">Carried value 01.01 </span><span class=\"S31E0 SC5 S2\" id=\"ti_151\">49 686 </span><span class=\"S31E1 SC5 S2\" id=\"tj_151\">466 241 </span><span class=\"S31E2 SC5 S2\" id=\"tk_151\">789 115 </span><span class=\"S31E3 SC5 S2\" id=\"tl_151\">1 355 602 </span><span class=\"S31E4 SC4 S2\" id=\"tm_151\">2 660 643 </span><span class=\"S31E5 SC5 S2\" id=\"tn_151\">1 365 929 </span><span class=\"S31E6 SC5 S2\" id=\"to_151\">1 294 714 </span><span class=\"S31E7 SC5 S2\" id=\"tp_151\">Translation differences </span><span class=\"S31E8 SC5 S2\" id=\"tq_151\">394 </span><span class=\"S31E9 SC5 S2\" id=\"tr_151\">5 005 </span><span class=\"S31EA SC5 S2\" id=\"ts_151\">8 </span><span class=\"S31EB SC5 S2\" id=\"tt_151\">4 585 </span><span class=\"S31EC SC4 S2\" id=\"tu_151\">9 993 </span><span class=\"S31ED SC5 S2\" id=\"tv_151\">8 872 </span><span class=\"S31EE SC5 S2\" id=\"tw_151\">1 121 </span><span class=\"S2F15 SC5 S2\" id=\"tx_151\">Addition of new right-of-use assets </span><span class=\"S31EF SC5 S2\" id=\"ty_151\">1 668 </span><span class=\"S31F0 SC5 S2\" id=\"tz_151\">87 138 </span><span class=\"S31F1 SC5 S2\" id=\"t10_151\">442 915 </span><span class=\"S31F2 SC5 S2\" id=\"t11_151\">267 901 </span><span class=\"S31F3 SC4 S2\" id=\"t12_151\">799 622 </span><span class=\"S31F4 SC5 S2\" id=\"t13_151\">230 035 </span><span class=\"S31F5 SC5 S2\" id=\"t14_151\">569 587 </span><span class=\"S31F6 SC5 S2\" id=\"t15_151\">Disposals </span><span class=\"S31F7 SC5 S2\" id=\"t16_151\">-12 521 </span><span class=\"S31F8 SC5 S2\" id=\"t17_151\">0 </span><span class=\"S31F9 SC5 S2\" id=\"t18_151\">-30 062 </span><span class=\"S31FA SC5 S2\" id=\"t19_151\">-13 651 </span><span class=\"S31FB SC4 S2\" id=\"t1a_151\">-56 233 </span><span class=\"S31FC SC5 S2\" id=\"t1b_151\">-2 236 </span><span class=\"S31FD SC5 S2\" id=\"t1c_151\">-53 997 </span><span class=\"S31FE SC5 S2\" id=\"t1d_151\">Depreciation for the year </span><span class=\"S31FF SC5 S2\" id=\"t1e_151\">-6 039 </span><span class=\"S3200 SC5 S2\" id=\"t1f_151\">-61 066 </span><span class=\"S3201 SC5 S2\" id=\"t1g_151\">-224 751 </span><span class=\"S3202 SC5 S2\" id=\"t1h_151\">-258 201 </span><span class=\"S3203 SC4 S2\" id=\"t1i_151\">-550 056 </span><span class=\"S3204 SC5 S2\" id=\"t1j_151\">-225 897 </span><span class=\"S3205 SC5 S2\" id=\"t1k_151\">-324 159 </span><span class=\"S3206 SC4 S2\" id=\"t1l_151\">Carried value 31.12 </span><span class=\"S3207 SC4 S2\" id=\"t1m_151\">33 188 </span><span class=\"S3208 SC4 S2\" id=\"t1n_151\">497 319 </span><span class=\"S3209 SC4 S2\" id=\"t1o_151\">977 225 </span><span class=\"S320A SC4 S2\" id=\"t1p_151\">1 356 237 </span><span class=\"S320B SC4 S2\" id=\"t1q_151\">2 863 969 </span><span class=\"S320C SC4 S2\" id=\"t1r_151\">1 376 703 </span><span class=\"S320D SC4 S2\" id=\"t1s_151\">1 487 266 </span><span class=\"S320E SC4 S2\" id=\"t1t_151\">As of 31 December 2022 </span><span class=\"S320F SC5 S2\" id=\"t1u_151\">Acquisition cost * </span><span class=\"S3210 SC5 S2\" id=\"t1v_151\">50 072 </span><span class=\"S3211 SC5 S2\" id=\"t1w_151\">719 370 </span><span class=\"S3212 SC5 S2\" id=\"t1x_151\">1 440 697 </span><span class=\"S3213 SC5 S2\" id=\"t1y_151\">2 333 140 </span><span class=\"S3214 SC4 S2\" id=\"t1z_151\">4 543 278 </span><span class=\"S3215 SC5 S2\" id=\"t20_151\">2 266 062 </span><span class=\"S3216 SC5 S2\" id=\"t21_151\">2 277 216 </span><span class=\"S3217 SC5 S2\" id=\"t22_151\">Accumulated depreciation * </span><span class=\"S3218 SC5 S2\" id=\"t23_151\">-16 884 </span><span class=\"S3219 SC5 S2\" id=\"t24_151\">-222 051 </span><span class=\"S321A SC5 S2\" id=\"t25_151\">-463 472 </span><span class=\"S321B SC5 S2\" id=\"t26_151\">-976 903 </span><span class=\"S321C SC4 S2\" id=\"t27_151\">-1 679 309 </span><span class=\"S321D SC5 S2\" id=\"t28_151\">-889 359 </span><span class=\"S321E SC5 S2\" id=\"t29_151\">-789 950 </span><span class=\"S321F SC4 S2\" id=\"t2a_151\">Carried value 31.12 </span><span class=\"S3220 SC4 S2\" id=\"t2b_151\">33 188 </span><span class=\"S3221 SC4 S2\" id=\"t2c_151\">497 319 </span><span class=\"S3222 SC4 S2\" id=\"t2d_151\">977 225 </span><span class=\"S3223 SC4 S2\" id=\"t2e_151\">1 356 237 </span><span class=\"S3224 SC4 S2\" id=\"t2f_151\">2 863 969 </span><span class=\"S3225 SC4 S2\" id=\"t2g_151\">1 376 703 </span><span class=\"S3226 SC4 S2\" id=\"t2h_151\">1 487 266 </span><span class=\"S3227 SAF1 S2\" id=\"t2i_151\">* Including translation differences </span><span class=\"S329B SC7 S2\" id=\"t1_152\">Lease liabilities </span><span class=\"S329C SC8 S2\" id=\"t2_152\">Lease liabilities is devided into long-term and short-term, and by lessor category </span><span class=\"S329D SC4 S2\" id=\"t3_152\">To credit institutions </span><span class=\"S329E SC4 S2\" id=\"t4_152\">To others </span><span class=\"S329F SC4 S2\" id=\"t5_152\">2021 </span><span class=\"S32A0 SC4 S2\" id=\"t6_152\">Total lease </span><span class=\"S32A1 SC4 S2\" id=\"t7_152\">liabilities </span><span class=\"S32A2 SC4 S2\" id=\"t8_152\">Total </span><span class=\"S32A3 SC4 S2\" id=\"t9_152\">Short-term </span><span class=\"S32A4 SC4 S2\" id=\"ta_152\">portion </span><span class=\"S32A5 SC4 S2\" id=\"tb_152\">Long-term </span><span class=\"S32A6 SC4 S2\" id=\"tc_152\">portion </span><span class=\"S32A7 SC4 S2\" id=\"td_152\">Total </span><span class=\"S32A8 SC4 S2\" id=\"te_152\">Short-term </span><span class=\"S32A9 SC4 S2\" id=\"tf_152\">portion </span><span class=\"S32AA SC4 S2\" id=\"tg_152\">Long-term </span><span class=\"S32AB SC4 S2\" id=\"th_152\">portion </span><span class=\"S32AC SC5 S2\" id=\"ti_152\">Carried value 01.01 </span><span class=\"S32AD SC5 S2\" id=\"tj_152\">2 338 983 </span><span class=\"S32AE SC5 S2\" id=\"tk_152\">1 280 250 </span><span class=\"S32AF SC5 S2\" id=\"tl_152\">238 437 </span><span class=\"S32B0 SC5 S2\" id=\"tm_152\">1 041 813 </span><span class=\"S32B1 SC5 S2\" id=\"tn_152\">1 058 734 </span><span class=\"S32B2 SC5 S2\" id=\"to_152\">200 571 </span><span class=\"S32B3 SC5 S2\" id=\"tp_152\">858 163 </span><span class=\"S32B4 SC5 S2\" id=\"tq_152\">Long term portion previous year </span><span class=\"S32B5 SC5 S2\" id=\"tr_152\">become short term portion </span><span class=\"S32B6 SC5 S2\" id=\"ts_152\">0 </span><span class=\"S32B7 SC5 S2\" id=\"tt_152\">0 </span><span class=\"S32B8 SC5 S2\" id=\"tu_152\">215 011 </span><span class=\"S32B9 SC5 S2\" id=\"tv_152\">-215 011 </span><span class=\"S32BA SC5 S2\" id=\"tw_152\">0 </span><span class=\"S32BB SC5 S2\" id=\"tx_152\">186 120 </span><span class=\"S32BC SC5 S2\" id=\"ty_152\">-186 120 </span><span class=\"S32BD SC5 S2\" id=\"tz_152\">Business combinations </span><span class=\"S32BE SC5 S2\" id=\"t10_152\">6 890 </span><span class=\"S32BF SC5 S2\" id=\"t11_152\">6 890 </span><span class=\"S32C0 SC5 S2\" id=\"t12_152\">2 413 </span><span class=\"S32C1 SC5 S2\" id=\"t13_152\">4 477 </span><span class=\"S32C2 SC5 S2\" id=\"t14_152\">0 </span><span class=\"S32C3 SC5 S2\" id=\"t15_152\">0 </span><span class=\"S32C4 SC5 S2\" id=\"t16_152\">0 </span><span class=\"S32C5 SC5 S2\" id=\"t17_152\">Translation differences </span><span class=\"S32C6 SC5 S2\" id=\"t18_152\">-10 038 </span><span class=\"S32C7 SC5 S2\" id=\"t19_152\">-8 136 </span><span class=\"S32C8 SC5 S2\" id=\"t1a_152\">0 </span><span class=\"S32C9 SC5 S2\" id=\"t1b_152\">-8 136 </span><span class=\"S32CA SC5 S2\" id=\"t1c_152\">-1 902 </span><span class=\"S32CB SC5 S2\" id=\"t1d_152\">0 </span><span class=\"S32CC SC5 S2\" id=\"t1e_152\">-1 902 </span><span class=\"S32CD SC5 S2\" id=\"t1f_152\">New leasing debt </span><span class=\"S32CE SC5 S2\" id=\"t1g_152\">891 145 </span><span class=\"S32CF SC5 S2\" id=\"t1h_152\">245 020 </span><span class=\"S32D0 SC5 S2\" id=\"t1i_152\">52 057 </span><span class=\"S32D1 SC5 S2\" id=\"t1j_152\">192 963 </span><span class=\"S32D2 SC5 S2\" id=\"t1k_152\">646 125 </span><span class=\"S32D3 SC5 S2\" id=\"t1l_152\">116 567 </span><span class=\"S32D4 SC5 S2\" id=\"t1m_152\">529 559 </span><span class=\"S32D5 SC5 S2\" id=\"t1n_152\">Leasing debt terminated in </span><span class=\"S32D6 SC5 S2\" id=\"t1o_152\">connection with new agreements </span><span class=\"S32D7 SC5 S2\" id=\"t1p_152\">-158 327 </span><span class=\"S32D8 SC5 S2\" id=\"t1q_152\">-37 618 </span><span class=\"S32D9 SC5 S2\" id=\"t1r_152\">-11 286 </span><span class=\"S32DA SC5 S2\" id=\"t1s_152\">-26 333 </span><span class=\"S32DB SC5 S2\" id=\"t1t_152\">-120 708 </span><span class=\"S32DC SC5 S2\" id=\"t1u_152\">-12 071 </span><span class=\"S32DD SC5 S2\" id=\"t1v_152\">-108 637 </span><span class=\"S32DE SC5 S2\" id=\"t1w_152\">Redeemed </span><span class=\"S32DF SC5 S2\" id=\"t1x_152\">-509 584 </span><span class=\"S32E0 SC5 S2\" id=\"t1y_152\">-249 877 </span><span class=\"S32E1 SC5 S2\" id=\"t1z_152\">-249 877 </span><span class=\"S32E2 SC5 S2\" id=\"t20_152\">0 </span><span class=\"S32E3 SC5 S2\" id=\"t21_152\">-259 707 </span><span class=\"S32E4 SC5 S2\" id=\"t22_152\">-259 707 </span><span class=\"S32E5 SC5 S2\" id=\"t23_152\">0 </span><span class=\"S32E6 SC4 S2\" id=\"t24_152\">Carried value 31.12 </span><span class=\"S32E7 SC4 S2\" id=\"t25_152\">2 559 070 </span><span class=\"S32E8 SC4 S2\" id=\"t26_152\">1 236 528 </span><span class=\"S32E9 SC4 S2\" id=\"t27_152\">246 755 </span><span class=\"S32EA SC4 S2\" id=\"t28_152\">989 773 </span><span class=\"S32EB SC4 S2\" id=\"t29_152\">1 322 542 </span><span class=\"S32EC SC4 S2\" id=\"t2a_152\">231 480 </span><span class=\"S32ED SC4 S2\" id=\"t2b_152\">1 091 062 </span><span class=\"S32EE SC4 S2\" id=\"t2c_152\">To credit institutions </span><span class=\"S32EF SC4 S2\" id=\"t2d_152\">To others </span><span class=\"S32F0 SC4 S2\" id=\"t2e_152\">2022 </span><span class=\"S32F1 SC4 S2\" id=\"t2f_152\">Total lease </span><span class=\"S32F2 SC4 S2\" id=\"t2g_152\">liabilities </span><span class=\"S32F3 SC4 S2\" id=\"t2h_152\">Total </span><span class=\"S32F4 SC4 S2\" id=\"t2i_152\">Short-term </span><span class=\"S32F5 SC4 S2\" id=\"t2j_152\">portion </span><span class=\"S32F6 SC4 S2\" id=\"t2k_152\">Long-term </span><span class=\"S32F7 SC4 S2\" id=\"t2l_152\">portion </span><span class=\"S32F8 SC4 S2\" id=\"t2m_152\">Total </span><span class=\"S32F9 SC4 S2\" id=\"t2n_152\">Short-term </span><span class=\"S32FA SC4 S2\" id=\"t2o_152\">portion </span><span class=\"S32FB SC4 S2\" id=\"t2p_152\">Long-term </span><span class=\"S32FC SC4 S2\" id=\"t2q_152\">portion </span><span class=\"S32FD SC5 S2\" id=\"t2r_152\">Carried value 01.01 </span><span class=\"S32FE SC5 S2\" id=\"t2s_152\">2 559 070 </span><span class=\"S32FF SC5 S2\" id=\"t2t_152\">1 236 528 </span><span class=\"S3300 SC5 S2\" id=\"t2u_152\">246 755 </span><span class=\"S3301 SC5 S2\" id=\"t2v_152\">989 773 </span><span class=\"S3302 SC5 S2\" id=\"t2w_152\">1 322 542 </span><span class=\"S3303 SC5 S2\" id=\"t2x_152\">231 480 </span><span class=\"S3304 SC5 S2\" id=\"t2y_152\">1 091 062 </span><span class=\"S3305 SC5 S2\" id=\"t2z_152\">Long term portion previous year </span><span class=\"S3306 SC5 S2\" id=\"t30_152\">become short term portion </span><span class=\"S3307 SC5 S2\" id=\"t31_152\">0 </span><span class=\"S3308 SC5 S2\" id=\"t32_152\">301 438 </span><span class=\"S3309 SC5 S2\" id=\"t33_152\">-301 438 </span><span class=\"S330A SC5 S2\" id=\"t34_152\">202 141 </span><span class=\"S330B SC5 S2\" id=\"t35_152\">-202 141 </span><span class=\"S330C SC5 S2\" id=\"t36_152\">Translation differences </span><span class=\"S330D SC5 S2\" id=\"t37_152\">10 573 </span><span class=\"S330E SC5 S2\" id=\"t38_152\">9 515 </span><span class=\"S330F SC5 S2\" id=\"t39_152\">0 </span><span class=\"S3310 SC5 S2\" id=\"t3a_152\">9 515 </span><span class=\"S3311 SC5 S2\" id=\"t3b_152\">1 058 </span><span class=\"S3312 SC5 S2\" id=\"t3c_152\">0 </span><span class=\"S3313 SC5 S2\" id=\"t3d_152\">1 058 </span><span class=\"S3314 SC5 S2\" id=\"t3e_152\">New leasing debt </span><span class=\"S3315 SC5 S2\" id=\"t3f_152\">799 622 </span><span class=\"S3316 SC5 S2\" id=\"t3g_152\">230 035 </span><span class=\"S3317 SC5 S2\" id=\"t3h_152\">45 218 </span><span class=\"S3318 SC5 S2\" id=\"t3i_152\">184 817 </span><span class=\"S3319 SC5 S2\" id=\"t3j_152\">569 587 </span><span class=\"S331A SC5 S2\" id=\"t3k_152\">148 163 </span><span class=\"S331B SC5 S2\" id=\"t3l_152\">421 424 </span><span class=\"S331C SC5 S2\" id=\"t3m_152\">Leasing debt terminated in </span><span class=\"S331D SC5 S2\" id=\"t3n_152\">connection with new agreements </span><span class=\"S331E SC5 S2\" id=\"t3o_152\">-57 088 </span><span class=\"S331F SC5 S2\" id=\"t3p_152\">-2 093 </span><span class=\"S3320 SC5 S2\" id=\"t3q_152\">-628 </span><span class=\"S3321 SC5 S2\" id=\"t3r_152\">-1 465 </span><span class=\"S3322 SC5 S2\" id=\"t3s_152\">-54 995 </span><span class=\"S3323 SC5 S2\" id=\"t3t_152\">-16 499 </span><span class=\"S3324 SC5 S2\" id=\"t3u_152\">-38 497 </span><span class=\"S3325 SC5 S2\" id=\"t3v_152\">Redeemed </span><span class=\"S3326 SC5 S2\" id=\"t3w_152\">-555 942 </span><span class=\"S3327 SC5 S2\" id=\"t3x_152\">-260 270 </span><span class=\"S3328 SC5 S2\" id=\"t3y_152\">-260 270 </span><span class=\"S3329 SC5 S2\" id=\"t3z_152\">0 </span><span class=\"S332A SC5 S2\" id=\"t40_152\">-295 672 </span><span class=\"S332B SC5 S2\" id=\"t41_152\">-295 672 </span><span class=\"S332C SC5 S2\" id=\"t42_152\">0 </span><span class=\"S332D SC4 S2\" id=\"t43_152\">Carried value 31.12 </span><span class=\"S332E SC4 S2\" id=\"t44_152\">2 756 235 </span><span class=\"S332F SC4 S2\" id=\"t45_152\">1 213 715 </span><span class=\"S3330 SC4 S2\" id=\"t46_152\">332 513 </span><span class=\"S3331 SC4 S2\" id=\"t47_152\">881 202 </span><span class=\"S3332 SC4 S2\" id=\"t48_152\">1 542 520 </span><span class=\"S3333 SC4 S2\" id=\"t49_152\">269 614 </span><span class=\"S3334 SC4 S2\" id=\"t4a_152\">1 272 906 </span><span class=\"S3335 SC5 S2\" id=\"t4b_152\">Payment pro\ufb01le on instalments and interests, see note 15 </span><span class=\"S3336 SC4 S2\" id=\"t4c_152\">2022 </span><span class=\"S3337 SC4 S2\" id=\"t4d_152\">2021 </span><span class=\"S3338 SC4 S2\" id=\"t4e_152\">Accounting </span><span class=\"S3339 SC4 S2\" id=\"t4f_152\">Lease cost </span><span class=\"S333A SC4 S2\" id=\"t4g_152\">paid </span><span class=\"S333B SC4 S2\" id=\"t4h_152\">Of which </span><span class=\"S333C SC4 S2\" id=\"t4i_152\">to credit </span><span class=\"S333D SC4 S2\" id=\"t4j_152\">institutions </span><span class=\"S333E SC4 S2\" id=\"t4k_152\">Of which </span><span class=\"S333F SC4 S2\" id=\"t4l_152\">to others </span><span class=\"S3340 SC4 S2\" id=\"t4m_152\">Lease cost </span><span class=\"S3341 SC4 S2\" id=\"t4n_152\">paid </span><span class=\"S3342 SC4 S2\" id=\"t4o_152\">Of which </span><span class=\"S3343 SC4 S2\" id=\"t4p_152\">to credit </span><span class=\"S3344 SC4 S2\" id=\"t4q_152\">institutions </span><span class=\"S3345 SC4 S2\" id=\"t4r_152\">Of which </span><span class=\"S3346 SC4 S2\" id=\"t4s_152\">to others </span><span class=\"S3347 SC5 S2\" id=\"t4t_152\">Lease costs paid on non-carried </span><span class=\"S3348 SC5 S2\" id=\"t4u_152\">agreements </span><span class=\"S3349 SC5 S2\" id=\"t4v_152\">Operating cost </span><span class=\"S334A SC5 S2\" id=\"t4w_152\">9 276 </span><span class=\"S334B SC5 S2\" id=\"t4x_152\">0 </span><span class=\"S334C SC5 S2\" id=\"t4y_152\">9 276 </span><span class=\"S334D SC5 S2\" id=\"t4z_152\">16 917 </span><span class=\"S334E SC5 S2\" id=\"t50_152\">2 426 </span><span class=\"S334F SC5 S2\" id=\"t51_152\">14 491 </span><span class=\"S3350 SC5 S2\" id=\"t52_152\">Instalments paid </span><span class=\"S3351 SC5 S2\" id=\"t53_152\">Reduction in debt </span><span class=\"S3352 SC5 S2\" id=\"t54_152\">555 942 </span><span class=\"S3353 SC5 S2\" id=\"t55_152\">260 270 </span><span class=\"S3354 SC5 S2\" id=\"t56_152\">295 672 </span><span class=\"S3355 SC5 S2\" id=\"t57_152\">509 584 </span><span class=\"S3356 SC5 S2\" id=\"t58_152\">249 877 </span><span class=\"S3357 SC5 S2\" id=\"t59_152\">259 707 </span><span class=\"S3358 SC5 S2\" id=\"t5a_152\">Interest costs paid </span><span class=\"S3359 SC5 S2\" id=\"t5b_152\">Financial cost </span><span class=\"S335A SC5 S2\" id=\"t5c_152\">106 445 </span><span class=\"S335B SC5 S2\" id=\"t5d_152\">39 445 </span><span class=\"S335C SC5 S2\" id=\"t5e_152\">67 000 </span><span class=\"S335D SC5 S2\" id=\"t5f_152\">81 738 </span><span class=\"S335E SC5 S2\" id=\"t5g_152\">26 839 </span><span class=\"S335F SC5 S2\" id=\"t5h_152\">54 899 </span><span class=\"S3360 SC4 S2\" id=\"t5i_152\">Outgoing cash \ufb02ows related to leases </span><span class=\"S3361 SC4 S2\" id=\"t5j_152\">671 663 </span><span class=\"S3362 SC4 S2\" id=\"t5k_152\">299 715 </span><span class=\"S3363 SC4 S2\" id=\"t5l_152\">371 948 </span><span class=\"S3364 SC4 S2\" id=\"t5m_152\">608 239 </span><span class=\"S3365 SC4 S2\" id=\"t5n_152\">279 142 </span><span class=\"S3366 SC4 S2\" id=\"t5o_152\">329 097 </span><span class=\"S3367 SC4 S2\" id=\"t5p_152\">Lease costs paid on non-carried agreements compromise </span><span class=\"S3368 SC5 S2\" id=\"t5q_152\">Lease on agreements with exemption for short-term </span><span class=\"S3369 SC5 S2\" id=\"t5r_152\">agreements </span><span class=\"S336A SC5 S2\" id=\"t5s_152\">3 108 </span><span class=\"S336B SC5 S2\" id=\"t5t_152\">0 </span><span class=\"S336C SC5 S2\" id=\"t5u_152\">3 108 </span><span class=\"S336D SC5 S2\" id=\"t5v_152\">9 268 </span><span class=\"S336E SC5 S2\" id=\"t5w_152\">9 268 </span><span class=\"S336F SC5 S2\" id=\"t5x_152\">Lease on agreements with exemption for low value assets </span><span class=\"S3370 SC5 S2\" id=\"t5y_152\">3 257 </span><span class=\"S3371 SC5 S2\" id=\"t5z_152\">0 </span><span class=\"S3372 SC5 S2\" id=\"t60_152\">3 257 </span><span class=\"S3373 SC5 S2\" id=\"t61_152\">5 504 </span><span class=\"S3374 SC5 S2\" id=\"t62_152\">2 426 </span><span class=\"S3375 SC5 S2\" id=\"t63_152\">3 078 </span><span class=\"S3376 SC5 S2\" id=\"t64_152\">Expenses related to variable lease, not included in the </span><span class=\"S3377 SC5 S2\" id=\"t65_152\">carried amount </span><span class=\"S3378 SC5 S2\" id=\"t66_152\">2 911 </span><span class=\"S3379 SC5 S2\" id=\"t67_152\">0 </span><span class=\"S337A SC5 S2\" id=\"t68_152\">2 911 </span><span class=\"S337B SC5 S2\" id=\"t69_152\">2 146 </span><span class=\"S337C SC5 S2\" id=\"t6a_152\">2 146 </span><span class=\"S337D SC4 S2\" id=\"t6b_152\">Total </span><span class=\"S337E SC4 S2\" id=\"t6c_152\">9 276 </span><span class=\"S337F SC4 S2\" id=\"t6d_152\">0 </span><span class=\"S3380 SC4 S2\" id=\"t6e_152\">9 276 </span><span class=\"S3381 SC4 S2\" id=\"t6f_152\">16 918 </span><span class=\"S3382 SC4 S2\" id=\"t6g_152\">2 426 </span><span class=\"S3383 SC4 S2\" id=\"t6h_152\">14 492 </span><span class=\"S3384 SC5 S2\" id=\"t6i_152\">Instalments paid, to both credit institutions and to others, are included in downpayments of long-term debt under \ufb01nancing activities in the </span><span class=\"S3385 SC5 S2\" id=\"t6j_152\">cash \ufb02ow statement. </span><span class=\"S3386 SC5 S2\" id=\"t6k_152\">See note 15 for reconciliation. </span><span class=\"S21BC SC7 S2\" id=\"t5l_153\">Fixed assets </span><span class=\"S3387 SC7 S2\" id=\"t6l_152\">Lease payments </span><span class=\"S3389 SC4 S2\" id=\"t1_153\">2021 </span><span class=\"S338A SC4 S2\" id=\"t2_153\">Prepayments </span><span class=\"S338B SC4 S2\" id=\"t3_153\">to suppliers </span><span class=\"S338C SC4 S2\" id=\"t4_153\">Projects in </span><span class=\"S338D SC4 S2\" id=\"t5_153\">progress </span><span class=\"S338E SC4 S2\" id=\"t6_153\">Real </span><span class=\"S338F SC4 S2\" id=\"t7_153\">estate </span><span class=\"S3390 SC4 S2\" id=\"t8_153\">Buildings </span><span class=\"S3391 SC4 S2\" id=\"t9_153\">Vessels </span><span class=\"S3392 SC4 S2\" id=\"ta_153\">(\ufb01shing </span><span class=\"S3393 SC4 S2\" id=\"tb_153\">boats) </span><span class=\"S3394 SC4 S2\" id=\"tc_153\">Machines, </span><span class=\"S3395 SC4 S2\" id=\"td_153\">\ufb01xtures, </span><span class=\"S3396 SC4 S2\" id=\"te_153\">equip., etc. </span><span class=\"S3397 SC4 S2\" id=\"tf_153\">Total </span><span class=\"S3398 SC4 S2\" id=\"tg_153\">Accounting year 2021 </span><span class=\"S3399 SC5 S2\" id=\"th_153\">Carrying value 01.01 </span><span class=\"S339A SC5 S2\" id=\"ti_153\">1 953 </span><span class=\"S339B SC5 S2\" id=\"tj_153\">334 561 </span><span class=\"S339C SC5 S2\" id=\"tk_153\">287 518 </span><span class=\"S339D SC5 S2\" id=\"tl_153\">3 104 825 </span><span class=\"S339E SC5 S2\" id=\"tm_153\">1 627 090 </span><span class=\"S339F SC5 S2\" id=\"tn_153\">1 441 134 </span><span class=\"S33A0 SC5 S2\" id=\"to_153\">6 797 080 </span><span class=\"S33A1 SC5 S2\" id=\"tp_153\">Allocation of completed projects in progress </span><span class=\"S33A2 SC5 S2\" id=\"tq_153\">-1 757 </span><span class=\"S33A3 SC5 S2\" id=\"tr_153\">-80 810 </span><span class=\"S33A4 SC5 S2\" id=\"ts_153\">52 470 </span><span class=\"S33A5 SC5 S2\" id=\"tt_153\">30 097 </span><span class=\"S33A6 SC5 S2\" id=\"tu_153\">0 </span><span class=\"S33A7 SC5 S2\" id=\"tv_153\">Foreign currency translation differences </span><span class=\"S33A8 SC5 S2\" id=\"tw_153\">-91 </span><span class=\"S33A9 SC5 S2\" id=\"tx_153\">-1 718 </span><span class=\"S33AA SC5 S2\" id=\"ty_153\">-2 799 </span><span class=\"S33AB SC5 S2\" id=\"tz_153\">-17 628 </span><span class=\"S33AC SC5 S2\" id=\"t10_153\">-12 542 </span><span class=\"S33AD SC5 S2\" id=\"t11_153\">-34 778 </span><span class=\"S33AE SC5 S2\" id=\"t12_153\">Business combinations </span><span class=\"S33AF SC5 S2\" id=\"t13_153\">751 </span><span class=\"S33B0 SC5 S2\" id=\"t14_153\">58 697 </span><span class=\"S33B1 SC5 S2\" id=\"t15_153\">107 111 </span><span class=\"S33B2 SC5 S2\" id=\"t16_153\">90 701 </span><span class=\"S33B3 SC5 S2\" id=\"t17_153\">257 260 </span><span class=\"S1B29 SC5 S2\" id=\"t18_153\">Operating assets acquired </span><span class=\"S33B4 SC5 S2\" id=\"t19_153\">4 520 </span><span class=\"S33B5 SC5 S2\" id=\"t1a_153\">425 060 </span><span class=\"S33B6 SC5 S2\" id=\"t1b_153\">77 622 </span><span class=\"S33B7 SC5 S2\" id=\"t1c_153\">190 653 </span><span class=\"S33B8 SC5 S2\" id=\"t1d_153\">48 305 </span><span class=\"S33B9 SC5 S2\" id=\"t1e_153\">268 894 </span><span class=\"S33BA SC5 S2\" id=\"t1f_153\">1 015 054 </span><span class=\"S33BB SC5 S2\" id=\"t1g_153\">Disposal </span><span class=\"S33BC SC5 S2\" id=\"t1h_153\">-8 307 </span><span class=\"S33BD SC5 S2\" id=\"t1i_153\">-5 030 </span><span class=\"S33BE SC5 S2\" id=\"t1j_153\">-138 </span><span class=\"S33BF SC5 S2\" id=\"t1k_153\">-3 535 </span><span class=\"S33C0 SC5 S2\" id=\"t1l_153\">-17 011 </span><span class=\"S33C1 SC5 S2\" id=\"t1m_153\">Depreciation for the year </span><span class=\"S33C2 SC5 S2\" id=\"t1n_153\">-272 755 </span><span class=\"S33C3 SC5 S2\" id=\"t1o_153\">-110 705 </span><span class=\"S33C4 SC5 S2\" id=\"t1p_153\">-330 265 </span><span class=\"S33C5 SC5 S2\" id=\"t1q_153\">-713 726 </span><span class=\"S33C6 SC5 S2\" id=\"t1r_153\">Impairment loss </span><span class=\"S33C7 SC5 S2\" id=\"t1s_153\">-6 400 </span><span class=\"S33C8 SC5 S2\" id=\"t1t_153\">-6 400 </span><span class=\"S33C9 SC4 S2\" id=\"t1u_153\">Carrying value 31.12 </span><span class=\"S33CA SC4 S2\" id=\"t1v_153\">4 625 </span><span class=\"S33CB SC4 S2\" id=\"t1w_153\">677 845 </span><span class=\"S33CC SC4 S2\" id=\"t1x_153\">412 730 </span><span class=\"S33CD SC4 S2\" id=\"t1y_153\">3 159 645 </span><span class=\"S33CE SC4 S2\" id=\"t1z_153\">1 564 551 </span><span class=\"S33CF SC4 S2\" id=\"t20_153\">1 478 083 </span><span class=\"S33D0 SC4 S2\" id=\"t21_153\">7 297 480 </span><span class=\"S33D1 SC4 S2\" id=\"t22_153\">31 December 2021 </span><span class=\"S33D2 SC5 S2\" id=\"t23_153\">Acquisition cost </span><span class=\"S33D3 SC5 S2\" id=\"t24_153\">4 625 </span><span class=\"S33D4 SC5 S2\" id=\"t25_153\">677 845 </span><span class=\"S33D5 SC5 S2\" id=\"t26_153\">412 730 </span><span class=\"S33D6 SC5 S2\" id=\"t27_153\">4 400 822 </span><span class=\"S33D7 SC5 S2\" id=\"t28_153\">1 999 191 </span><span class=\"S33D8 SC5 S2\" id=\"t29_153\">4 162 358 </span><span class=\"S33D9 SC5 S2\" id=\"t2a_153\">11 657 572 </span><span class=\"S33DA SC5 S2\" id=\"t2b_153\">Accumulated depreciation </span><span class=\"S33DB SC5 S2\" id=\"t2c_153\">-1 225 382 </span><span class=\"S33DC SC5 S2\" id=\"t2d_153\">-434 640 </span><span class=\"S33DD SC5 S2\" id=\"t2e_153\">-2 657 400 </span><span class=\"S33DE SC5 S2\" id=\"t2f_153\">-4 317 422 </span><span class=\"S33DF SC5 S2\" id=\"t2g_153\">Accumulated impairment loss </span><span class=\"S33E0 SC5 S2\" id=\"t2h_153\">-15 795 </span><span class=\"S33E1 SC5 S2\" id=\"t2i_153\">0 </span><span class=\"S33E2 SC5 S2\" id=\"t2j_153\">-26 875 </span><span class=\"S33E3 SC5 S2\" id=\"t2k_153\">-42 670 </span><span class=\"S33E4 SC4 S2\" id=\"t2l_153\">Carrying value 31.12 </span><span class=\"S33E5 SC4 S2\" id=\"t2m_153\">4 625 </span><span class=\"S33E6 SC4 S2\" id=\"t2n_153\">677 845 </span><span class=\"S33E7 SC4 S2\" id=\"t2o_153\">412 730 </span><span class=\"S33E8 SC4 S2\" id=\"t2p_153\">3 159 645 </span><span class=\"S33E9 SC4 S2\" id=\"t2q_153\">1 564 551 </span><span class=\"S33EA SC4 S2\" id=\"t2r_153\">1 478 083 </span><span class=\"S33EB SC4 S2\" id=\"t2s_153\">7 297 480 </span><span class=\"S33EC SC4 S2\" id=\"t2t_153\">2022 </span><span class=\"S33ED SC4 S2\" id=\"t2u_153\">Prepayments </span><span class=\"S33EE SC4 S2\" id=\"t2v_153\">to suppliers </span><span class=\"S33EF SC4 S2\" id=\"t2w_153\">Projects in </span><span class=\"S33F0 SC4 S2\" id=\"t2x_153\">progress </span><span class=\"S33F1 SC4 S2\" id=\"t2y_153\">Real </span><span class=\"S33F2 SC4 S2\" id=\"t2z_153\">estate </span><span class=\"S33F3 SC4 S2\" id=\"t30_153\">Buildings </span><span class=\"S33F4 SC4 S2\" id=\"t31_153\">Vessels </span><span class=\"S33F5 SC4 S2\" id=\"t32_153\">(\ufb01shing </span><span class=\"S33F6 SC4 S2\" id=\"t33_153\">boats) </span><span class=\"S33F7 SC4 S2\" id=\"t34_153\">Machines, </span><span class=\"S33F8 SC4 S2\" id=\"t35_153\">\ufb01xtures, </span><span class=\"S33F9 SC4 S2\" id=\"t36_153\">equip., etc. </span><span class=\"S33FA SC4 S2\" id=\"t37_153\">Total </span><span class=\"S33FB SC4 S2\" id=\"t38_153\">Accounting year 2022 </span><span class=\"S33FC SC5 S2\" id=\"t39_153\">Carrying value 01.01 </span><span class=\"S33FD SC5 S2\" id=\"t3a_153\">4 625 </span><span class=\"S33FE SC5 S2\" id=\"t3b_153\">677 845 </span><span class=\"S33FF SC5 S2\" id=\"t3c_153\">412 730 </span><span class=\"S3400 SC5 S2\" id=\"t3d_153\">3 159 645 </span><span class=\"S3401 SC5 S2\" id=\"t3e_153\">1 564 551 </span><span class=\"S3402 SC5 S2\" id=\"t3f_153\">1 478 083 </span><span class=\"S3403 SC5 S2\" id=\"t3g_153\">7 297 480 </span><span class=\"S3404 SC5 S2\" id=\"t3h_153\">Allocation of completed projects in progress </span><span class=\"S3405 SC5 S2\" id=\"t3i_153\">-3 960 </span><span class=\"S3406 SC5 S2\" id=\"t3j_153\">-712 315 </span><span class=\"S3407 SC5 S2\" id=\"t3k_153\">39 064 </span><span class=\"S3408 SC5 S2\" id=\"t3l_153\">648 722 </span><span class=\"S3409 SC5 S2\" id=\"t3m_153\">0 </span><span class=\"S340A SC5 S2\" id=\"t3n_153\">28 489 </span><span class=\"S340B SC5 S2\" id=\"t3o_153\">0 </span><span class=\"S340C SC5 S2\" id=\"t3p_153\">Foreign currency translation differences </span><span class=\"S340D SC5 S2\" id=\"t3q_153\">262 </span><span class=\"S340E SC5 S2\" id=\"t3r_153\">18 </span><span class=\"S340F SC5 S2\" id=\"t3s_153\">2 718 </span><span class=\"S3410 SC5 S2\" id=\"t3t_153\">17 357 </span><span class=\"S3411 SC5 S2\" id=\"t3u_153\">0 </span><span class=\"S3412 SC5 S2\" id=\"t3v_153\">13 122 </span><span class=\"S3413 SC5 S2\" id=\"t3w_153\">33 476 </span><span class=\"S2869 SC5 S2\" id=\"t3x_153\">Business combinations </span><span class=\"S3414 SC5 S2\" id=\"t3y_153\">5 641 </span><span class=\"S3415 SC5 S2\" id=\"t3z_153\">128 </span><span class=\"S3416 SC5 S2\" id=\"t40_153\">5 769 </span><span class=\"S3417 SC5 S2\" id=\"t41_153\">Operating assets acquired </span><span class=\"S3418 SC5 S2\" id=\"t42_153\">417 </span><span class=\"S3419 SC5 S2\" id=\"t43_153\">131 638 </span><span class=\"S341A SC5 S2\" id=\"t44_153\">18 414 </span><span class=\"S341B SC5 S2\" id=\"t45_153\">285 257 </span><span class=\"S341C SC5 S2\" id=\"t46_153\">129 838 </span><span class=\"S341D SC5 S2\" id=\"t47_153\">345 836 </span><span class=\"S341E SC5 S2\" id=\"t48_153\">911 400 </span><span class=\"S341F SC5 S2\" id=\"t49_153\">Disposal </span><span class=\"S3420 SC5 S2\" id=\"t4a_153\">-428 </span><span class=\"S3421 SC5 S2\" id=\"t4b_153\">-17 884 </span><span class=\"S3422 SC5 S2\" id=\"t4c_153\">-18 312 </span><span class=\"S3423 SC5 S2\" id=\"t4d_153\">Depreciation for the year </span><span class=\"S3424 SC5 S2\" id=\"t4e_153\">-286 442 </span><span class=\"S3425 SC5 S2\" id=\"t4f_153\">-110 073 </span><span class=\"S3426 SC5 S2\" id=\"t4g_153\">-345 909 </span><span class=\"S3427 SC5 S2\" id=\"t4h_153\">-742 424 </span><span class=\"S3428 SC4 S2\" id=\"t4i_153\">Carrying value 31.12 </span><span class=\"S3429 SC4 S2\" id=\"t4j_153\">1 344 </span><span class=\"S342A SC4 S2\" id=\"t4k_153\">97 186 </span><span class=\"S342B SC4 S2\" id=\"t4l_153\">472 926 </span><span class=\"S342C SC4 S2\" id=\"t4m_153\">3 829 752 </span><span class=\"S342D SC4 S2\" id=\"t4n_153\">1 584 316 </span><span class=\"S342E SC4 S2\" id=\"t4o_153\">1 501 865 </span><span class=\"S342F SC4 S2\" id=\"t4p_153\">7 487 389 </span><span class=\"S3430 SC4 S2\" id=\"t4q_153\">31 December 2022 </span><span class=\"S3431 SC5 S2\" id=\"t4r_153\">Acquisition cost </span><span class=\"S3432 SC5 S2\" id=\"t4s_153\">1 344 </span><span class=\"S3433 SC5 S2\" id=\"t4t_153\">97 186 </span><span class=\"S3434 SC5 S2\" id=\"t4u_153\">472 926 </span><span class=\"S3435 SC5 S2\" id=\"t4v_153\">5 340 413 </span><span class=\"S3436 SC5 S2\" id=\"t4w_153\">2 129 029 </span><span class=\"S3437 SC5 S2\" id=\"t4x_153\">4 468 052 </span><span class=\"S3438 SC5 S2\" id=\"t4y_153\">12 508 949 </span><span class=\"S3439 SC5 S2\" id=\"t4z_153\">Accumulated depreciation </span><span class=\"S343A SC5 S2\" id=\"t50_153\">-1 494 819 </span><span class=\"S343B SC5 S2\" id=\"t51_153\">-544 712 </span><span class=\"S343C SC5 S2\" id=\"t52_153\">-2 945 526 </span><span class=\"S343D SC5 S2\" id=\"t53_153\">-4 985 057 </span><span class=\"S343E SC5 S2\" id=\"t54_153\">Accumulated impairment loss </span><span class=\"S343F SC5 S2\" id=\"t55_153\">-15 842 </span><span class=\"S3440 SC5 S2\" id=\"t56_153\">-20 661 </span><span class=\"S3441 SC5 S2\" id=\"t57_153\">-36 503 </span><span class=\"S3442 SC4 S2\" id=\"t58_153\">Carrying value 31.12 </span><span class=\"S3443 SC4 S2\" id=\"t59_153\">1 344 </span><span class=\"S3444 SC4 S2\" id=\"t5a_153\">97 186 </span><span class=\"S3445 SC4 S2\" id=\"t5b_153\">472 926 </span><span class=\"S3446 SC4 S2\" id=\"t5c_153\">3 829 752 </span><span class=\"S3447 SC4 S2\" id=\"t5d_153\">1 584 317 </span><span class=\"S3448 SC4 S2\" id=\"t5e_153\">1 501 865 </span><span class=\"S3449 SC4 S2\" id=\"t5f_153\">7 487 389 </span><span class=\"S344A SC5 S2\" id=\"t5g_153\">For prepayments to suppliers, the right of property is transferred to the Group on time of completion </span><span class=\"S344B SC5 S2\" id=\"t5h_153\">For projects in progress, the right of property is transferred to the Group based on progress </span><span class=\"S344C SC5 S2\" id=\"t5i_153\">Information on estimated useful life for \ufb01xed assets is provided in paragraph (H) in the note on accounting policies. </span><span class=\"S344D SC5 S2\" id=\"t5j_153\">Information on mortgages for \ufb01xed assets is provided in note on loans, mortgages and guarantees. </span><span class=\"S344E SC5 S2\" id=\"t5k_153\">Leased assets are from 1 January 2019 included in the new group \u00abright-of-use assets\u00bb. See note on leases. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f15564": {
   "value": "<span class=\"S307A SC7 S2\" id=\"t1_148\">Cash-generating units (CGU) </span><span class=\"S1E5F SC8 S2\" id=\"t2_148\">With each acquisition or purchase of </span><span class=\"S307B SC8 S2\" id=\"t3_148\">assets, goodwill, licences and rights </span><span class=\"S307C SC8 S2\" id=\"t4_148\">are allocated to the different cash- </span><span class=\"S1FBF SC8 S2\" id=\"t5_148\">generating units. Each legal unit in </span><span class=\"S20E1 SC8 S2\" id=\"t6_148\">the Group in principle comprises one </span><span class=\"S307D SC8 S2\" id=\"t7_148\">cash-generating unit. Goodwill and </span><span class=\"S1FC2 SC8 S2\" id=\"t8_148\">intangible assets with an inde\ufb01nite </span><span class=\"S307E SC8 S2\" id=\"t9_148\">useful life are not amortised, but shall </span><span class=\"S307F SC8 S2\" id=\"ta_148\">be tested for impairment at least once </span><span class=\"S3080 SC8 S2\" id=\"tb_148\">a year and written down if their value </span><span class=\"S3081 SC8 S2\" id=\"tc_148\">can no longer be justi\ufb01ed. The manage- </span><span class=\"S3082 SC8 S2\" id=\"td_148\">ment assesses the carrying value of </span><span class=\"S3083 SC8 S2\" id=\"te_148\">goodwill and intangible assets with an </span><span class=\"S3084 SC8 S2\" id=\"tf_148\">inde\ufb01nite useful life per CGU at least </span><span class=\"S3085 SC8 S2\" id=\"tg_148\">once a year, and more frequently if </span><span class=\"S3086 SC8 S2\" id=\"th_148\">there are indications of impairment. </span><span class=\"S3087 SC8 S2\" id=\"ti_148\">Useful life is utilised when establishing </span><span class=\"S3088 SC8 S2\" id=\"tj_148\">recoverable amount. </span><span class=\"S3089 S1C40 S2\" id=\"tk_148\">Farming </span><span class=\"S308A SC8 S2\" id=\"tl_148\">The Group`s farming regions share the </span><span class=\"S20EF SC8 S2\" id=\"tm_148\">same top management, the same </span><span class=\"S308B SC8 S2\" id=\"tn_148\">internal customer, and a joint optimali- </span><span class=\"S308C SC8 S2\" id=\"to_148\">sation plan of i.e. slaughter plans. </span><span class=\"S308D SC8 S2\" id=\"tp_148\">Further on harvest to full\ufb01ll the Groups </span><span class=\"S308E SC8 S2\" id=\"tq_148\">contract sale, is done across the </span><span class=\"S308F SC8 S2\" id=\"tr_148\">regions. Due to this, the Groups farming </span><span class=\"S3090 SC8 S2\" id=\"ts_148\">business in Norway is regarded as </span><span class=\"S3091 SC8 S2\" id=\"tt_148\">one CGU. The cash generating unit </span><span class=\"S3092 SC8 S2\" id=\"tu_148\">Farming comprises region of Northern </span><span class=\"S3093 SC8 S2\" id=\"tv_148\">Norway, which consists of Ler\u00f8y Aurora </span><span class=\"S21B0 SC8 S2\" id=\"tw_148\">AS and Ler\u00f8y Aurora 2 AS, the region </span><span class=\"S3094 SC8 S2\" id=\"tx_148\">of Central Norway which consists of </span><span class=\"S3095 SC8 S2\" id=\"ty_148\">Ler\u00f8y Midt AS and Ler\u00f8y Midt 2 AS, and </span><span class=\"S3096 SC8 S2\" id=\"tz_148\">the region for Western Norway which </span><span class=\"S3097 SC8 S2\" id=\"t10_148\">consists of the 9 companies Ler\u00f8y Vest </span><span class=\"S3098 SC8 S2\" id=\"t11_148\">AS, Ler\u00f8y Vest 2 AS, Ler\u00f8y Vest Kraft AS, </span><span class=\"S3099 SC8 S2\" id=\"t12_148\">Sj\u00f8troll Havbruk AS, Sj\u00f8troll Havbruk </span><span class=\"S232A SC8 S2\" id=\"t13_148\">2 AS, Ler\u00f8y Sj\u00f8troll Kj\u00e6relva AS, Ler\u00f8y </span><span class=\"S309A SC8 S2\" id=\"t14_148\">\u00c5rskog AS, Norsk Oppdrettsservice AS </span><span class=\"S309B SC8 S2\" id=\"t15_148\">and Ler\u00f8y Ocean Harvest AS. The </span><span class=\"S309C SC8 S2\" id=\"t16_148\">development costs related to the </span><span class=\"S309D SC8 S2\" id=\"t17_148\">Pipefarm concept, capitalized in Ler\u00f8y </span><span class=\"S309E SC8 S2\" id=\"t18_148\">Seafood Group ASA, a concept that the </span><span class=\"S1BDC SC8 S2\" id=\"t19_148\">Group has been offered some licence </span><span class=\"S309F SC8 S2\" id=\"t1a_148\">volume on, but that the Group not yet </span><span class=\"S30A0 SC8 S2\" id=\"t1b_148\">has accepted, is also included in this </span><span class=\"S30A1 SC8 S2\" id=\"t1c_148\">CGU. </span><span class=\"S30A2 S1C40 S2\" id=\"t1d_148\">Wild catch </span><span class=\"S30A3 SC8 S2\" id=\"t1e_148\">In the sub-group Ler\u00f8y Hav\ufb01sk AS, </span><span class=\"S2337 SC8 S2\" id=\"t1f_148\">each vessel with its quotas is de\ufb01ned </span><span class=\"S30A4 SC8 S2\" id=\"t1g_148\">as one cash-generating unit. Despite </span><span class=\"S30A5 SC8 S2\" id=\"t1h_148\">this, Ler\u00f8y Seafood Group classi\ufb01es </span><span class=\"S30A6 SC8 S2\" id=\"t1i_148\">the two sub-groups, Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S1D2C SC8 S2\" id=\"t1j_148\">and Ler\u00f8y Norway Seafoods AS, as </span><span class=\"S30A7 SC8 S2\" id=\"t1k_148\">one joint cash-generating unit. This is </span><span class=\"S30A8 SC8 S2\" id=\"t1l_148\">justi\ufb01ed in that, primarily, quotas are </span><span class=\"S30A9 SC8 S2\" id=\"t1m_148\">transferred between vessels via the </span><span class=\"S30AA SC8 S2\" id=\"t1n_148\">so-called \u00abre-allocations\u00bb. Secondly, </span><span class=\"S30AB SC8 S2\" id=\"t1o_148\">the two sub-groups are mutually </span><span class=\"S30AC SC8 S2\" id=\"t1p_148\">dependent with a view to the industrial </span><span class=\"S30AD SC8 S2\" id=\"t1q_148\">obligation mentioned above. In </span><span class=\"S30AE SC8 S2\" id=\"t1r_148\">addition, the supply obligation has an </span><span class=\"S30AF SC8 S2\" id=\"t1s_148\">impact on the two units\u2019 co- </span><span class=\"S30B0 SC8 S2\" id=\"t1t_148\">dependence. On this basis, the two sub- </span><span class=\"S30B1 SC8 S2\" id=\"t1u_148\">groups are assessed as one joint </span><span class=\"S30B2 SC8 S2\" id=\"t1v_148\">cash-generating unit. </span><span class=\"S30B3 S1C40 S2\" id=\"t1w_148\">VAP, sales and distribution </span><span class=\"S30B4 SC8 S2\" id=\"t1x_148\">For the Group to succeed in being the </span><span class=\"S22FD SC8 S2\" id=\"t1y_148\">\ufb01rst choice of the largest and most </span><span class=\"S30B5 SC8 S2\" id=\"t1z_148\">well-recognised customers, it is </span><span class=\"S1C0C SC8 S2\" id=\"t20_148\">important to be present in the end </span><span class=\"S30B6 SC8 S2\" id=\"t21_148\">market. Through local presence the </span><span class=\"S30B7 SC8 S2\" id=\"t22_148\">Group can supply the freshest products, </span><span class=\"S2088 SC8 S2\" id=\"t23_148\">portions and packaging adjusted to </span><span class=\"S30B8 SC8 S2\" id=\"t24_148\">local requirements and demand, and </span><span class=\"S30B9 SC8 S2\" id=\"t25_148\">developing the seafood category even </span><span class=\"S30BA SC8 S2\" id=\"t26_148\">further together with the customers. </span><span class=\"S30BB SC8 S2\" id=\"t27_148\">The Group must also build up enough </span><span class=\"S30BC SC8 S2\" id=\"t28_148\">capacity to supply the volumes that </span><span class=\"S30BD SC8 S2\" id=\"t29_148\">the customer will need. The group has </span><span class=\"S30BE SC8 S2\" id=\"t2a_148\">established several \ufb01sh-cuts in the end </span><span class=\"S30BF SC8 S2\" id=\"t2b_148\">markets. A \ufb01sh-cut means a relatively </span><span class=\"S30C0 SC8 S2\" id=\"t2c_148\">simple processing activity in addition </span><span class=\"S30C1 SC8 S2\" id=\"t2d_148\">to the sale of\ufb01ce, that perform some </span><span class=\"S30C2 SC8 S2\" id=\"t2e_148\">specialized value-added processing </span><span class=\"S30C3 SC8 S2\" id=\"t2f_148\">based on speci\ufb01cation set by the </span><span class=\"S1C1B SC8 S2\" id=\"t2g_148\">customer. The \ufb01sh-cuts are an inte- </span><span class=\"S30C4 SC8 S2\" id=\"t2h_148\">grated part of the value chain, and an </span><span class=\"S30C5 SC8 S2\" id=\"t2i_148\">important tool for ef\ufb01cient global sale. </span><span class=\"S30C6 SC8 S2\" id=\"t2j_148\">The table below displays the </span><span class=\"S30C7 SC8 S2\" id=\"t2k_148\">distribution of goodwill and intangible </span><span class=\"S30C8 SC8 S2\" id=\"t2l_148\">assets with an inde\ufb01nite useful life per </span><span class=\"S30C9 SC8 S2\" id=\"t2m_148\">CGU, and their sub-units. Impairment </span><span class=\"S30CA SC8 S2\" id=\"t2n_148\">tests of goodwill and intangible assets </span><span class=\"S30CB SC8 S2\" id=\"t2o_148\">with an inde\ufb01nite useful life have been </span><span class=\"S2311 SC8 S2\" id=\"t2p_148\">summarised below for each CGU in </span><span class=\"S30CC SC8 S2\" id=\"t2q_148\">the segment. </span><span class=\"S30CD SC4 S2\" id=\"t2r_148\">Book value of intangible assets </span><span class=\"S30CE SC4 S2\" id=\"t2s_148\">CGU </span><span class=\"S30CF SC4 S2\" id=\"t2t_148\">Goodwill </span><span class=\"S30D0 SC4 S2\" id=\"t2u_148\">Licences </span><span class=\"S30D1 SC4 S2\" id=\"t2v_148\">Other rights </span><span class=\"S30D2 SC4 S2\" id=\"t2w_148\">Total </span><span class=\"S30D3 SC5 S2\" id=\"t2x_148\">Farming - Region Northern Norway </span><span class=\"S30D4 SC5 S2\" id=\"t2y_148\">Farming </span><span class=\"S30D5 SC5 S2\" id=\"t2z_148\">134 567 </span><span class=\"S30D6 SC5 S2\" id=\"t30_148\">508 572 </span><span class=\"S30D7 SC5 S2\" id=\"t31_148\">2 000 </span><span class=\"S30D8 SC5 S2\" id=\"t32_148\">645 139 </span><span class=\"S30D9 SC5 S2\" id=\"t33_148\">Farming - Region Central Norway </span><span class=\"S30DA SC5 S2\" id=\"t34_148\">Farming </span><span class=\"S30DB SC5 S2\" id=\"t35_148\">956 509 </span><span class=\"S30DC SC5 S2\" id=\"t36_148\">700 260 </span><span class=\"S30DD SC5 S2\" id=\"t37_148\">- </span><span class=\"S30DE SC5 S2\" id=\"t38_148\">1 656 769 </span><span class=\"S30DF SC5 S2\" id=\"t39_148\">Farming - Region Western Norway </span><span class=\"S30E0 SC5 S2\" id=\"t3a_148\">Farming </span><span class=\"S30E1 SC5 S2\" id=\"t3b_148\">754 250 </span><span class=\"S30E2 SC5 S2\" id=\"t3c_148\">1 221 042 </span><span class=\"S30E3 SC5 S2\" id=\"t3d_148\">18 717 </span><span class=\"S30E4 S269C S2\" id=\"t3e_148\">2) </span><span class=\"S30E5 SC5 S2\" id=\"t3f_148\">1 994 009 </span><span class=\"S30E6 SC5 S2\" id=\"t3g_148\">Farming - Ler\u00f8y Seafood Group ASA </span><span class=\"S30E7 SC5 S2\" id=\"t3h_148\">Farming </span><span class=\"S30E8 SC5 S2\" id=\"t3i_148\">- </span><span class=\"S30E9 SC5 S2\" id=\"t3j_148\">54 803 </span><span class=\"S30EA S269C S2\" id=\"t3k_148\">4) </span><span class=\"S30EB SC5 S2\" id=\"t3l_148\">54 803 </span><span class=\"S30EC SC4 S2\" id=\"t3m_148\">Total Farming </span><span class=\"S30ED SC4 S2\" id=\"t3n_148\">Farming </span><span class=\"S30EE SC4 S2\" id=\"t3o_148\">1 845 326 </span><span class=\"S30EF SC4 S2\" id=\"t3p_148\">2 484 676 </span><span class=\"S30F0 SC4 S2\" id=\"t3q_148\">20 717 </span><span class=\"S30F1 SC4 S2\" id=\"t3r_148\">4 350 719 </span><span class=\"S30F2 SC4 S2\" id=\"t3s_148\">Total Wild catch </span><span class=\"S30F3 SC4 S2\" id=\"t3t_148\">Wild catch </span><span class=\"S30F4 SC4 S2\" id=\"t3u_148\">2 646 </span><span class=\"S30F5 SC4 S2\" id=\"t3v_148\">3 514 863 </span><span class=\"S30F6 S2D10 S2\" id=\"t3w_148\">3) </span><span class=\"S30F7 SC4 S2\" id=\"t3x_148\">100 </span><span class=\"S30F8 SC4 S2\" id=\"t3y_148\">3 517 609 </span><span class=\"S30F9 SC4 S2\" id=\"t3z_148\">Total VAP, sales and distribution </span><span class=\"S30FA SC4 S2\" id=\"t40_148\">VAPSD </span><span class=\"S30FB SC4 S2\" id=\"t41_148\">668 648 </span><span class=\"S30FC SC4 S2\" id=\"t42_148\">- </span><span class=\"S30FD SC4 S2\" id=\"t43_148\">13 191 </span><span class=\"S30FE S2D10 S2\" id=\"t44_148\">1) </span><span class=\"S30FF SC4 S2\" id=\"t45_148\">681 839 </span><span class=\"S3100 SC4 S2\" id=\"t46_148\">Grand total </span><span class=\"S3101 SC4 S2\" id=\"t47_148\">2 516 619 </span><span class=\"S3102 SC4 S2\" id=\"t48_148\">5 999 540 </span><span class=\"S3103 SC4 S2\" id=\"t49_148\">34 009 </span><span class=\"S3104 SC4 S2\" id=\"t4a_148\">8 550 168 </span><span class=\"S3105 SC5 S2\" id=\"t4b_148\">Book value of intangible assets that are amortised </span><span class=\"S3106 SC4 S2\" id=\"t4c_148\">258 962 </span><span class=\"S3107 SC5 S2\" id=\"t4d_148\">Book value of intangible assets that are not amortised, but tested for impairment </span><span class=\"S3108 SC4 S2\" id=\"t4e_148\">8 291 206 </span><span class=\"S3109 SC4 S2\" id=\"t4f_148\">Total </span><span class=\"S310A SC4 S2\" id=\"t4g_148\">8 550 168 </span><span class=\"S310B SAF1 S2\" id=\"t4h_148\">1) Rights with de\ufb01nite useful life and subject to amortisation. </span><span class=\"S310C SAF1 S2\" id=\"t4i_148\">2) Rights with inde\ufb01nite useful life and not subject to amortisation. </span><span class=\"S310D SAF1 S2\" id=\"t4j_148\">3) Structual quotas included in this amount, has a de\ufb01nite economic life time, and are subjected to amortisation. </span><span class=\"S310E SAF1 S2\" id=\"t4k_148\">4) Capitalised costs related to development licences - in the process of beeing granted </span><span class=\"S21BC SC7 S2\" id=\"t1_149\">Tests of possible impairment loss </span><span class=\"S3024 SC8 S2\" id=\"t2_149\">The impairment test for cash- </span><span class=\"S310F SC8 S2\" id=\"t3_149\">generating units is based on estimated </span><span class=\"S3110 SC8 S2\" id=\"t4_149\">present values of future cash \ufb02ows. </span><span class=\"S3026 SC8 S2\" id=\"t5_149\">The present value is compared with </span><span class=\"S3111 SC8 S2\" id=\"t6_149\">the book value per cash-generating </span><span class=\"S1DFE SC8 S2\" id=\"t7_149\">unit. The present value is calculated </span><span class=\"S3112 SC8 S2\" id=\"t8_149\">on the basis of discounted cash \ufb02ows </span><span class=\"S3113 SC8 S2\" id=\"t9_149\">over the next \ufb01ve or ten years. And </span><span class=\"S1E01 SC8 S2\" id=\"ta_149\">for the period thereafter, a terminal </span><span class=\"S3114 SC8 S2\" id=\"tb_149\">value is estimated. The Gordon growth </span><span class=\"S3115 SC8 S2\" id=\"tc_149\">model is applied to estimate terminal </span><span class=\"S2172 SC8 S2\" id=\"td_149\">value. The cash \ufb02ows in the the </span><span class=\"S3116 SC8 S2\" id=\"te_149\">impairment test are after tax. </span><span class=\"S3117 SC8 S2\" id=\"tf_149\">The impairment test did not produce </span><span class=\"S3118 SC8 S2\" id=\"tg_149\">grounds for write-down of goodwill or </span><span class=\"S3119 SC8 S2\" id=\"th_149\">intangible assets with an inde\ufb01nite </span><span class=\"S311A SC8 S2\" id=\"ti_149\">useful life in 2022. The management's </span><span class=\"S311B SC8 S2\" id=\"tj_149\">calculations, were risks and oppor- </span><span class=\"S3031 SC8 S2\" id=\"tk_149\">tunities within environmental </span><span class=\"S311C SC8 S2\" id=\"tl_149\">sustainability are included, show that </span><span class=\"S311D SC8 S2\" id=\"tm_149\">this conclusion is robust in the face of </span><span class=\"S3034 SC8 S2\" id=\"tn_149\">reasonable changes in conditions in </span><span class=\"S3035 SC8 S2\" id=\"to_149\">the future. The critical value for the </span><span class=\"S311E SC8 S2\" id=\"tp_149\">required rate of return on total assets </span><span class=\"S311F SC8 S2\" id=\"tq_149\">after tax is between 8.7% and 30.5%. </span><span class=\"S3120 SC8 S2\" id=\"tr_149\">The cash-generating unit (CGU) Wild </span><span class=\"S3121 SC8 S2\" id=\"ts_149\">catch, which was acquired in 2016, is </span><span class=\"S3122 SC8 S2\" id=\"tt_149\">naturally pulling down the critical </span><span class=\"S206B SC8 S2\" id=\"tu_149\">value due to the fact that the </span><span class=\"S3123 SC8 S2\" id=\"tv_149\">assumptions that the acquisition were </span><span class=\"S3124 SC8 S2\" id=\"tw_149\">based upon, have not changed much </span><span class=\"S2022 SC8 S2\" id=\"tx_149\">in the period from the purchase date </span><span class=\"S3125 SC8 S2\" id=\"ty_149\">and the date for testing. The most </span><span class=\"S213B SC8 S2\" id=\"tz_149\">signi\ufb01cant premises in the test are </span><span class=\"S3126 SC8 S2\" id=\"t10_149\">estimated future volume of catches per </span><span class=\"S3127 SC8 S2\" id=\"t11_149\">species, estimated future prices per </span><span class=\"S3128 SC8 S2\" id=\"t12_149\">species and required rate of return. </span><span class=\"S3129 SC8 S2\" id=\"t13_149\">In farming it has historically until 2012 </span><span class=\"S1EF8 SC8 S2\" id=\"t14_149\">been a signi\ufb01cant production growth </span><span class=\"S312A SC8 S2\" id=\"t15_149\">per licence in Norway. But from 2012 </span><span class=\"S312B SC8 S2\" id=\"t16_149\">and until today, there has been very </span><span class=\"S23B6 SC8 S2\" id=\"t17_149\">limited growth. The model applied is </span><span class=\"S312C SC8 S2\" id=\"t18_149\">based on actual production plans for </span><span class=\"S312D SC8 S2\" id=\"t19_149\">the period until 2024. And after that an </span><span class=\"S312E SC8 S2\" id=\"t1a_149\">assumption of 2% growth in volume until </span><span class=\"S312F SC8 S2\" id=\"t1b_149\">2027 has been applied. It is assumed </span><span class=\"S3130 SC8 S2\" id=\"t1c_149\">no growth in the terminal value. </span><span class=\"S3131 SC8 S2\" id=\"t1d_149\">For the cash-generating unit Farming, </span><span class=\"S3132 SC8 S2\" id=\"t1e_149\">the critical value for the required rate </span><span class=\"S1DD7 SC8 S2\" id=\"t1f_149\">of return on total assets after tax is </span><span class=\"S3133 SC8 S2\" id=\"t1g_149\">18.0%. The Farming segment requires </span><span class=\"S1DD9 SC8 S2\" id=\"t1h_149\">an EBIT in the terminal element of an </span><span class=\"S3134 SC8 S2\" id=\"t1i_149\">amount of NOK 1.6 per kg. This amount </span><span class=\"S3135 SC8 S2\" id=\"t1j_149\">is well below what`s historically </span><span class=\"S3136 SC8 S2\" id=\"t1k_149\">achieved. The management has also </span><span class=\"S1F05 SC8 S2\" id=\"t1l_149\">carried out tests of sensitivity related </span><span class=\"S2039 SC8 S2\" id=\"t1m_149\">to price, cost and volume. With the </span><span class=\"S3137 SC8 S2\" id=\"t1n_149\">implemented WACC and best estimate </span><span class=\"S3138 SC8 S2\" id=\"t1o_149\">for the terminal element, the tests show </span><span class=\"S3139 SC8 S2\" id=\"t1p_149\">that this value is also robust in the </span><span class=\"S1F0A SC8 S2\" id=\"t1q_149\">face of changes in these parameters. </span><span class=\"S313A SC8 S2\" id=\"t1r_149\">28 September 2022 the Norwegian </span><span class=\"S313B SC8 S2\" id=\"t1s_149\">Government proposed a new ground </span><span class=\"S313C SC8 S2\" id=\"t1t_149\">rent tax on farming. In the latest </span><span class=\"S313D SC8 S2\" id=\"t1u_149\">proposal the tax rate is35%. It is </span><span class=\"S1D8F SC8 S2\" id=\"t1v_149\">supposed to be applicable on the </span><span class=\"S313E SC8 S2\" id=\"t1w_149\">activity in sea. This tax will be added </span><span class=\"S313F SC8 S2\" id=\"t1x_149\">to the regular tax rate of 22%. However, </span><span class=\"S3140 SC8 S2\" id=\"t1y_149\">this new additional tax has not yet </span><span class=\"S3141 SC8 S2\" id=\"t1z_149\">been approved. But it is likely that it </span><span class=\"S3142 SC8 S2\" id=\"t20_149\">will be approved by the Norwegian </span><span class=\"S238A SC8 S2\" id=\"t21_149\">Storting when they summon before </span><span class=\"S3143 SC8 S2\" id=\"t22_149\">summer 2023. This gives rise to </span><span class=\"S3144 SC8 S2\" id=\"t23_149\">signi\ufb01cant uncertainty about the </span><span class=\"S3145 SC8 S2\" id=\"t24_149\">future. It is impossible to perform </span><span class=\"S2112 SC8 S2\" id=\"t25_149\">detailed impairment tests before the </span><span class=\"S3146 SC8 S2\" id=\"t26_149\">applicable laws and regulations are </span><span class=\"S3147 SC8 S2\" id=\"t27_149\">agreed upon and ready. Thus, the </span><span class=\"S3148 SC8 S2\" id=\"t28_149\">Group has performed tests on a more </span><span class=\"S1CC0 SC8 S2\" id=\"t29_149\">overall level, with increased tax rate. </span><span class=\"S3149 SC8 S2\" id=\"t2a_149\">Non of these tests did indicate any </span><span class=\"S1D9D SC8 S2\" id=\"t2b_149\">impairment on intangibles in the </span><span class=\"S314A SC8 S2\" id=\"t2c_149\">Farming segment. This is explained </span><span class=\"S314B SC8 S2\" id=\"t2d_149\">by the fact that most of the Group`s </span><span class=\"S314C SC8 S2\" id=\"t2e_149\">intangibles has been acquired long </span><span class=\"S314D SC8 S2\" id=\"t2f_149\">time ago, to relative low values, seen </span><span class=\"S314E SC8 S2\" id=\"t2g_149\">with the eyes of today. </span><span class=\"S314F SC8 S2\" id=\"t2h_149\">For the cash-generating unit VAP, Sales </span><span class=\"S3150 SC8 S2\" id=\"t2i_149\">&amp; Distribution, the book values are </span><span class=\"S2006 SC8 S2\" id=\"t2j_149\">almost totally justi\ufb01ed by the estimated </span><span class=\"S3151 SC8 S2\" id=\"t2k_149\">pro\ufb01t/loss for the next \ufb01ve years. It is </span><span class=\"S3152 SC8 S2\" id=\"t2l_149\">required a 0.3% EBIT margin in the </span><span class=\"S3153 SC8 S2\" id=\"t2m_149\">terminal element, which is very low. </span><span class=\"S38BE S18EC S2\" id=\"t1m_162\">NOTE 12 </span><span class=\"S38BF S18EC S2\" id=\"t1n_162\">Other inventories </span><span class=\"S388D SC4 S2\" id=\"t1_162\">Other inventories consist of </span><span class=\"S194B SC4 S2\" id=\"t2_162\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_162\">2021 </span><span class=\"S388E SC5 S2\" id=\"t4_162\">Feed, packaging materials, auxiliary and other </span><span class=\"S388F SC5 S2\" id=\"t5_162\">533 614 </span><span class=\"S3890 SC5 S2\" id=\"t6_162\">290 324 </span><span class=\"S3891 SC5 S2\" id=\"t7_162\">Raw materials, including catches onboard on trawling wessels </span><span class=\"S3892 SC5 S2\" id=\"t8_162\">494 886 </span><span class=\"S3893 SC5 S2\" id=\"t9_162\">294 209 </span><span class=\"S3894 SC5 S2\" id=\"ta_162\">Work in progress </span><span class=\"S3895 SC5 S2\" id=\"tb_162\">49 821 </span><span class=\"S3896 SC5 S2\" id=\"tc_162\">66 198 </span><span class=\"S3897 SC5 S2\" id=\"td_162\">Finished goods / goods for sale </span><span class=\"S3898 SC5 S2\" id=\"te_162\">1 237 635 </span><span class=\"S3899 SC5 S2\" id=\"tf_162\">614 086 </span><span class=\"S389A SC5 S2\" id=\"tg_162\">Write-down of inventories re obsolescence </span><span class=\"S389B SC5 S2\" id=\"th_162\">-8 059 </span><span class=\"S389C SC5 S2\" id=\"ti_162\">-8 128 </span><span class=\"S389D SC4 S2\" id=\"tj_162\">Total other inventories </span><span class=\"S389E SC4 S2\" id=\"tk_162\">2 307 897 </span><span class=\"S389F SC4 S2\" id=\"tl_162\">1 256 689 </span><span class=\"S38A0 SC4 S2\" id=\"tm_162\">Change in stock of biological assets at cost, raw materials and \ufb01nished products </span><span class=\"S38A1 SC4 S2\" id=\"tn_162\">2022 </span><span class=\"S38A2 SC4 S2\" id=\"to_162\">2021 </span><span class=\"S38A3 SC5 S2\" id=\"tp_162\">Biological assets at cost </span><span class=\"S38A4 SC5 S2\" id=\"tq_162\">5 109 448 </span><span class=\"S38A5 SC5 S2\" id=\"tr_162\">4 504 454 </span><span class=\"S38A6 SC5 S2\" id=\"ts_162\">Total other inventories </span><span class=\"S38A7 SC5 S2\" id=\"tt_162\">2 307 897 </span><span class=\"S38A8 SC5 S2\" id=\"tu_162\">1 256 689 </span><span class=\"S38A9 SC4 S2\" id=\"tv_162\">Total inventory at cost </span><span class=\"S38AA SC4 S2\" id=\"tw_162\">7 417 345 </span><span class=\"S38AB SC4 S2\" id=\"tx_162\">5 761 143 </span><span class=\"S38AC SC5 S2\" id=\"ty_162\">Total inventory at cost 01.01 </span><span class=\"S38AD SC5 S2\" id=\"tz_162\">5 761 143 </span><span class=\"S38AE SC5 S2\" id=\"t10_162\">5 688 537 </span><span class=\"S38AF SC5 S2\" id=\"t11_162\">Total inventory at cost 31.12 </span><span class=\"S38B0 SC5 S2\" id=\"t12_162\">7 417 345 </span><span class=\"S38B1 SC5 S2\" id=\"t13_162\">5 761 143 </span><span class=\"S38B2 SC4 S2\" id=\"t14_162\">Change </span><span class=\"S38B3 SC4 S2\" id=\"t15_162\">1 656 202 </span><span class=\"S38B4 SC4 S2\" id=\"t16_162\">72 606 </span><span class=\"S38B5 SAF1 S2\" id=\"t17_162\">Positive change in inventory represents a cost reduction </span><span class=\"S38B6 SAF1 S2\" id=\"t18_162\">Negative change in inventory represents a cost increase </span><span class=\"S38B7 SC5 S2\" id=\"t19_162\">Change in inventory included in translation differences related to subsidiaries - through OCI </span><span class=\"S38B8 SC5 S2\" id=\"t1a_162\">0 </span><span class=\"S38B9 SC5 S2\" id=\"t1b_162\">-22 262 </span><span class=\"S38BA SC4 S2\" id=\"t1c_162\">Change in inventory - through the income statement </span><span class=\"S38BB SC4 S2\" id=\"t1d_162\">1 656 202 </span><span class=\"S38BC SC4 S2\" id=\"t1e_162\">94 868 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f16016": {
   "value": "<span class=\"S2381 S18EC S2\" id=\"t30_150\">NOTE 8 </span><span class=\"S31CF S18EC S2\" id=\"t31_150\">Leases </span><span class=\"S3188 SC8 S2\" id=\"t1_150\">With effect from 1 January 2019, the </span><span class=\"S3189 SC8 S2\" id=\"t2_150\">Group implemented IFRS 16 Leases. </span><span class=\"S318A SC8 S2\" id=\"t3_150\">This new standard, that replaced IAS </span><span class=\"S307C SC8 S2\" id=\"t4_150\">17, requires carrying of practically all </span><span class=\"S318B SC8 S2\" id=\"t5_150\">lease agreements, as operating and </span><span class=\"S318C SC8 S2\" id=\"t6_150\">\ufb01nancial lease agreements for the </span><span class=\"S1BA2 SC8 S2\" id=\"t7_150\">lessee are no longer to be </span><span class=\"S1FC2 SC8 S2\" id=\"t8_150\">differentiated. According to IFRS 16, </span><span class=\"S318D SC8 S2\" id=\"t9_150\">the asset (right of use) and the </span><span class=\"S307F SC8 S2\" id=\"ta_150\">obligation to pay lease are recognised </span><span class=\"S318E SC8 S2\" id=\"tb_150\">in the \ufb01nancial statements. </span><span class=\"S3082 SC8 S2\" id=\"tc_150\">The Group applied the modi\ufb01ed, </span><span class=\"S318F SC8 S2\" id=\"td_150\">retrospective method for </span><span class=\"S3190 SC8 S2\" id=\"te_150\">implementation on 1 January 2019. </span><span class=\"S3191 SC8 S2\" id=\"tf_150\">This implies that the value of the lease </span><span class=\"S3192 SC8 S2\" id=\"tg_150\">liability and the right of use are the </span><span class=\"S3193 SC8 S2\" id=\"th_150\">same at the time of implementation. </span><span class=\"S3194 SC8 S2\" id=\"ti_150\">The new right-of-use assets and lease </span><span class=\"S1D63 SC8 S2\" id=\"tj_150\">liabilities are valued at the current </span><span class=\"S1D64 SC8 S2\" id=\"tk_150\">value of the future lease payments. </span><span class=\"S3195 SC8 S2\" id=\"tl_150\">For leases where the interest rate </span><span class=\"S3196 SC8 S2\" id=\"tm_150\">implicit for the lease can be readily </span><span class=\"S3197 SC8 S2\" id=\"tn_150\">determined, this rate is applied. </span><span class=\"S3198 SC8 S2\" id=\"to_150\">Otherwise, the lease payments are </span><span class=\"S3199 SC8 S2\" id=\"tp_150\">discounted by the Group\u2019s incremental </span><span class=\"S308E SC8 S2\" id=\"tq_150\">borrowing rate, estimated to 4%. This </span><span class=\"S319A SC8 S2\" id=\"tr_150\">rate is deemed as representative of all </span><span class=\"S3090 SC8 S2\" id=\"ts_150\">leases in the Group, as the majority </span><span class=\"S1FD5 SC8 S2\" id=\"tt_150\">are in NOK, and the Group principally </span><span class=\"S236B SC8 S2\" id=\"tu_150\">makes use of the same credit </span><span class=\"S1E78 SC8 S2\" id=\"tv_150\">institutions, which provide relatively </span><span class=\"S319B SC8 S2\" id=\"tw_150\">similar terms. For leases previously </span><span class=\"S319C SC8 S2\" id=\"tx_150\">classi\ufb01ed as \ufb01nancial leasing according </span><span class=\"S319D SC8 S2\" id=\"ty_150\">to IAS 17, the carried book value of the </span><span class=\"S319E SC8 S2\" id=\"tz_150\">right-of-use assets and lease liabilities </span><span class=\"S319F SC8 S2\" id=\"t10_150\">were retained on the implementation </span><span class=\"S31A0 SC8 S2\" id=\"t11_150\">date for IFRS 16 (1 January 2019). </span><span class=\"S31A1 SC8 S2\" id=\"t12_150\">The right-of-use assets are </span><span class=\"S1BD6 SC8 S2\" id=\"t13_150\">depreciated on a straight-line basis </span><span class=\"S31A2 SC8 S2\" id=\"t14_150\">from the date of commissioning until </span><span class=\"S31A3 SC8 S2\" id=\"t15_150\">the end of the useful life of the right- </span><span class=\"S31A4 SC8 S2\" id=\"t16_150\">of-use asset or the end of the lease </span><span class=\"S31A5 SC8 S2\" id=\"t17_150\">period, whatever comes \ufb01rst. Any </span><span class=\"S31A6 SC8 S2\" id=\"t18_150\">extension options that may, with </span><span class=\"S31A7 SC8 S2\" id=\"t19_150\">reasonable certainty, be exercised, </span><span class=\"S1BDD SC8 S2\" id=\"t1a_150\">are included. </span><span class=\"S31A8 SC8 S2\" id=\"t1b_150\">The lease payments are divided into </span><span class=\"S31A9 SC8 S2\" id=\"t1c_150\">two parts: instalment and interest. </span><span class=\"S31AA SC8 S2\" id=\"t1d_150\">The interest on the lease liability in </span><span class=\"S31AB SC8 S2\" id=\"t1e_150\">each accounting period of the lease </span><span class=\"S31AC SC8 S2\" id=\"t1f_150\">period shall be the amount that </span><span class=\"S31AD SC8 S2\" id=\"t1g_150\">provides a constant periodic interest </span><span class=\"S31AE SC8 S2\" id=\"t1h_150\">rate for the remaining balance of the </span><span class=\"S20BD SC8 S2\" id=\"t1i_150\">lease liability (annuity principle). In </span><span class=\"S1F9B SC8 S2\" id=\"t1j_150\">the statement of \ufb01nancial position, </span><span class=\"S31AF SC8 S2\" id=\"t1k_150\">the Group has chosen to present the </span><span class=\"S31B0 SC8 S2\" id=\"t1l_150\">right-of-use assets on a separate </span><span class=\"S1BE9 SC8 S2\" id=\"t1m_150\">line. The lease liabilities are classi\ufb01ed </span><span class=\"S1BEA SC8 S2\" id=\"t1n_150\">as long-term and short-term. In </span><span class=\"S1FA0 SC8 S2\" id=\"t1o_150\">addition, the lease liabilities are </span><span class=\"S31B1 SC8 S2\" id=\"t1p_150\">divided into (1) lease liabilities to credit </span><span class=\"S31B2 SC8 S2\" id=\"t1q_150\">institutions and (2) lease liabilities to </span><span class=\"S31B3 SC8 S2\" id=\"t1r_150\">others. Only the lease liabilities to </span><span class=\"S1EAA SC8 S2\" id=\"t1s_150\">credit institutions are included in the </span><span class=\"S31B4 SC8 S2\" id=\"t1t_150\">calculation of the alternative </span><span class=\"S31B5 SC8 S2\" id=\"t1u_150\">performance measurements for net </span><span class=\"S1BF1 SC8 S2\" id=\"t1v_150\">interest-bearing debt (NIBD). A more </span><span class=\"S1E32 SC8 S2\" id=\"t1w_150\">detailed explanation of this </span><span class=\"S31B6 SC8 S2\" id=\"t1x_150\">classi\ufb01cation is provided in the note </span><span class=\"S2230 SC8 S2\" id=\"t1y_150\">relating to alternative performance </span><span class=\"S31B7 SC8 S2\" id=\"t1z_150\">measurements. The long-term share </span><span class=\"S1CEB SC8 S2\" id=\"t20_150\">of the lease liabilities is shown on </span><span class=\"S31B8 SC8 S2\" id=\"t21_150\">separate lines in the statement of </span><span class=\"S31B9 SC8 S2\" id=\"t22_150\">\ufb01nancial position. The short-term share </span><span class=\"S31BA SC8 S2\" id=\"t23_150\">of the lease liabilities is included in </span><span class=\"S31BB SC8 S2\" id=\"t24_150\">the \ufb01rst-year instalment on longterm </span><span class=\"S31BC SC8 S2\" id=\"t25_150\">liabilities and shown on a separate </span><span class=\"S1E38 SC8 S2\" id=\"t26_150\">line in the statement of \ufb01nancial </span><span class=\"S31BD SC8 S2\" id=\"t27_150\">position. The short-term share of long- </span><span class=\"S31BE SC8 S2\" id=\"t28_150\">term liabilities is speci\ufb01ed in more </span><span class=\"S31BF SC8 S2\" id=\"t29_150\">detail in the note on long-term </span><span class=\"S31C0 SC8 S2\" id=\"t2a_150\">liabilities. The interest expense </span><span class=\"S1E3C SC8 S2\" id=\"t2b_150\">related to the liability is presented </span><span class=\"S31C1 SC8 S2\" id=\"t2c_150\">under net \ufb01nancial expense. This is </span><span class=\"S31C2 SC8 S2\" id=\"t2d_150\">speci\ufb01ed in more detail in the note </span><span class=\"S31C3 SC8 S2\" id=\"t2e_150\">on combined items in the \ufb01nancial </span><span class=\"S31C4 SC8 S2\" id=\"t2f_150\">statements. </span><span class=\"S30C3 SC8 S2\" id=\"t2g_150\">Lease costs that were previously </span><span class=\"S31C5 SC8 S2\" id=\"t2h_150\">presented as commodities and other </span><span class=\"S31C6 SC8 S2\" id=\"t2i_150\">operating expenses are now presented </span><span class=\"S31C7 SC8 S2\" id=\"t2j_150\">in the income statement as </span><span class=\"S230B SC8 S2\" id=\"t2k_150\">depreciation and interest expense. </span><span class=\"S31C8 SC8 S2\" id=\"t2l_150\">In the statement of cash \ufb02ows, cash </span><span class=\"S31C9 SC8 S2\" id=\"t2m_150\">payments for the lease liability\u2019s </span><span class=\"S31CA SC8 S2\" id=\"t2n_150\">principal (instalment) and cash </span><span class=\"S31CB SC8 S2\" id=\"t2o_150\">payments for the lease liability\u2019s </span><span class=\"S31CC SC8 S2\" id=\"t2p_150\">interest are presented under \ufb01nancing </span><span class=\"S31CD SC8 S2\" id=\"t2q_150\">activities. The transaction related to </span><span class=\"S1E4A SC8 S2\" id=\"t2r_150\">signing new leases has no initial </span><span class=\"S31CE SC8 S2\" id=\"t2s_150\">effect on cash. </span><span class=\"S22B1 SC7 S2\" id=\"t1_151\">Right-of-use assets </span><span class=\"S31D0 SC8 S2\" id=\"t2_151\">Right-of-use assets by groups in the notes and agreement partners </span><span class=\"S31D1 SC4 S2\" id=\"t3_151\">Of which from </span><span class=\"S31D2 SC4 S2\" id=\"t4_151\">2022 </span><span class=\"S31D3 SC4 S2\" id=\"t5_151\">Real estate </span><span class=\"S31D4 SC4 S2\" id=\"t6_151\">Buildings </span><span class=\"S31D5 SC4 S2\" id=\"t7_151\">Vessels </span><span class=\"S31D6 SC4 S2\" id=\"t8_151\">Machines, </span><span class=\"S31D7 SC4 S2\" id=\"t9_151\">\ufb01xtures, </span><span class=\"S31D8 SC4 S2\" id=\"ta_151\">equip., etc. </span><span class=\"S31D9 SC4 S2\" id=\"tb_151\">Total right of </span><span class=\"S31DA SC4 S2\" id=\"tc_151\">use assets </span><span class=\"S31DB SC4 S2\" id=\"td_151\">Credit </span><span class=\"S31DC SC4 S2\" id=\"te_151\">institution </span><span class=\"S31DD SC4 S2\" id=\"tf_151\">Others </span><span class=\"S31DE SC4 S2\" id=\"tg_151\">Financial year 2022 </span><span class=\"S31DF SC5 S2\" id=\"th_151\">Carried value 01.01 </span><span class=\"S31E0 SC5 S2\" id=\"ti_151\">49 686 </span><span class=\"S31E1 SC5 S2\" id=\"tj_151\">466 241 </span><span class=\"S31E2 SC5 S2\" id=\"tk_151\">789 115 </span><span class=\"S31E3 SC5 S2\" id=\"tl_151\">1 355 602 </span><span class=\"S31E4 SC4 S2\" id=\"tm_151\">2 660 643 </span><span class=\"S31E5 SC5 S2\" id=\"tn_151\">1 365 929 </span><span class=\"S31E6 SC5 S2\" id=\"to_151\">1 294 714 </span><span class=\"S31E7 SC5 S2\" id=\"tp_151\">Translation differences </span><span class=\"S31E8 SC5 S2\" id=\"tq_151\">394 </span><span class=\"S31E9 SC5 S2\" id=\"tr_151\">5 005 </span><span class=\"S31EA SC5 S2\" id=\"ts_151\">8 </span><span class=\"S31EB SC5 S2\" id=\"tt_151\">4 585 </span><span class=\"S31EC SC4 S2\" id=\"tu_151\">9 993 </span><span class=\"S31ED SC5 S2\" id=\"tv_151\">8 872 </span><span class=\"S31EE SC5 S2\" id=\"tw_151\">1 121 </span><span class=\"S2F15 SC5 S2\" id=\"tx_151\">Addition of new right-of-use assets </span><span class=\"S31EF SC5 S2\" id=\"ty_151\">1 668 </span><span class=\"S31F0 SC5 S2\" id=\"tz_151\">87 138 </span><span class=\"S31F1 SC5 S2\" id=\"t10_151\">442 915 </span><span class=\"S31F2 SC5 S2\" id=\"t11_151\">267 901 </span><span class=\"S31F3 SC4 S2\" id=\"t12_151\">799 622 </span><span class=\"S31F4 SC5 S2\" id=\"t13_151\">230 035 </span><span class=\"S31F5 SC5 S2\" id=\"t14_151\">569 587 </span><span class=\"S31F6 SC5 S2\" id=\"t15_151\">Disposals </span><span class=\"S31F7 SC5 S2\" id=\"t16_151\">-12 521 </span><span class=\"S31F8 SC5 S2\" id=\"t17_151\">0 </span><span class=\"S31F9 SC5 S2\" id=\"t18_151\">-30 062 </span><span class=\"S31FA SC5 S2\" id=\"t19_151\">-13 651 </span><span class=\"S31FB SC4 S2\" id=\"t1a_151\">-56 233 </span><span class=\"S31FC SC5 S2\" id=\"t1b_151\">-2 236 </span><span class=\"S31FD SC5 S2\" id=\"t1c_151\">-53 997 </span><span class=\"S31FE SC5 S2\" id=\"t1d_151\">Depreciation for the year </span><span class=\"S31FF SC5 S2\" id=\"t1e_151\">-6 039 </span><span class=\"S3200 SC5 S2\" id=\"t1f_151\">-61 066 </span><span class=\"S3201 SC5 S2\" id=\"t1g_151\">-224 751 </span><span class=\"S3202 SC5 S2\" id=\"t1h_151\">-258 201 </span><span class=\"S3203 SC4 S2\" id=\"t1i_151\">-550 056 </span><span class=\"S3204 SC5 S2\" id=\"t1j_151\">-225 897 </span><span class=\"S3205 SC5 S2\" id=\"t1k_151\">-324 159 </span><span class=\"S3206 SC4 S2\" id=\"t1l_151\">Carried value 31.12 </span><span class=\"S3207 SC4 S2\" id=\"t1m_151\">33 188 </span><span class=\"S3208 SC4 S2\" id=\"t1n_151\">497 319 </span><span class=\"S3209 SC4 S2\" id=\"t1o_151\">977 225 </span><span class=\"S320A SC4 S2\" id=\"t1p_151\">1 356 237 </span><span class=\"S320B SC4 S2\" id=\"t1q_151\">2 863 969 </span><span class=\"S320C SC4 S2\" id=\"t1r_151\">1 376 703 </span><span class=\"S320D SC4 S2\" id=\"t1s_151\">1 487 266 </span><span class=\"S320E SC4 S2\" id=\"t1t_151\">As of 31 December 2022 </span><span class=\"S320F SC5 S2\" id=\"t1u_151\">Acquisition cost * </span><span class=\"S3210 SC5 S2\" id=\"t1v_151\">50 072 </span><span class=\"S3211 SC5 S2\" id=\"t1w_151\">719 370 </span><span class=\"S3212 SC5 S2\" id=\"t1x_151\">1 440 697 </span><span class=\"S3213 SC5 S2\" id=\"t1y_151\">2 333 140 </span><span class=\"S3214 SC4 S2\" id=\"t1z_151\">4 543 278 </span><span class=\"S3215 SC5 S2\" id=\"t20_151\">2 266 062 </span><span class=\"S3216 SC5 S2\" id=\"t21_151\">2 277 216 </span><span class=\"S3217 SC5 S2\" id=\"t22_151\">Accumulated depreciation * </span><span class=\"S3218 SC5 S2\" id=\"t23_151\">-16 884 </span><span class=\"S3219 SC5 S2\" id=\"t24_151\">-222 051 </span><span class=\"S321A SC5 S2\" id=\"t25_151\">-463 472 </span><span class=\"S321B SC5 S2\" id=\"t26_151\">-976 903 </span><span class=\"S321C SC4 S2\" id=\"t27_151\">-1 679 309 </span><span class=\"S321D SC5 S2\" id=\"t28_151\">-889 359 </span><span class=\"S321E SC5 S2\" id=\"t29_151\">-789 950 </span><span class=\"S321F SC4 S2\" id=\"t2a_151\">Carried value 31.12 </span><span class=\"S3220 SC4 S2\" id=\"t2b_151\">33 188 </span><span class=\"S3221 SC4 S2\" id=\"t2c_151\">497 319 </span><span class=\"S3222 SC4 S2\" id=\"t2d_151\">977 225 </span><span class=\"S3223 SC4 S2\" id=\"t2e_151\">1 356 237 </span><span class=\"S3224 SC4 S2\" id=\"t2f_151\">2 863 969 </span><span class=\"S3225 SC4 S2\" id=\"t2g_151\">1 376 703 </span><span class=\"S3226 SC4 S2\" id=\"t2h_151\">1 487 266 </span><span class=\"S3227 SAF1 S2\" id=\"t2i_151\">* Including translation differences </span><span class=\"S3228 SC4 S2\" id=\"t2j_151\">Of which from </span><span class=\"S3229 SC4 S2\" id=\"t2k_151\">2021 </span><span class=\"S322A SC4 S2\" id=\"t2l_151\">Real estate </span><span class=\"S322B SC4 S2\" id=\"t2m_151\">Buildings </span><span class=\"S322C SC4 S2\" id=\"t2n_151\">Vessels </span><span class=\"S322D SC4 S2\" id=\"t2o_151\">Machines, </span><span class=\"S322E SC4 S2\" id=\"t2p_151\">\ufb01xtures, </span><span class=\"S322F SC4 S2\" id=\"t2q_151\">equip., etc. </span><span class=\"S3230 SC4 S2\" id=\"t2r_151\">Total right of </span><span class=\"S3231 SC4 S2\" id=\"t2s_151\">use assets </span><span class=\"S3232 SC4 S2\" id=\"t2t_151\">Credit </span><span class=\"S3233 SC4 S2\" id=\"t2u_151\">institution </span><span class=\"S3234 SC4 S2\" id=\"t2v_151\">Others </span><span class=\"S3235 SC4 S2\" id=\"t2w_151\">As of 1 January 2021 </span><span class=\"S3236 SC5 S2\" id=\"t2x_151\">Acquisition cost * </span><span class=\"S3237 SC5 S2\" id=\"t2y_151\">47 991 </span><span class=\"S3238 SC5 S2\" id=\"t2z_151\">655 099 </span><span class=\"S3239 SC5 S2\" id=\"t30_151\">839 346 </span><span class=\"S323A SC5 S2\" id=\"t31_151\">1 771 958 </span><span class=\"S323B SC4 S2\" id=\"t32_151\">3 314 394 </span><span class=\"S323C SC5 S2\" id=\"t33_151\">1 845 663 </span><span class=\"S323D SC5 S2\" id=\"t34_151\">1 468 731 </span><span class=\"S323E SC5 S2\" id=\"t35_151\">Accumulated depreciation * </span><span class=\"S323F SC5 S2\" id=\"t36_151\">-7 719 </span><span class=\"S3240 SC5 S2\" id=\"t37_151\">-112 996 </span><span class=\"S3241 SC5 S2\" id=\"t38_151\">-282 792 </span><span class=\"S3242 SC5 S2\" id=\"t39_151\">-481 852 </span><span class=\"S3243 SC4 S2\" id=\"t3a_151\">-885 358 </span><span class=\"S3244 SC5 S2\" id=\"t3b_151\">-460 762 </span><span class=\"S3245 SC5 S2\" id=\"t3c_151\">-424 596 </span><span class=\"S3246 SC4 S2\" id=\"t3d_151\">Carried value 01.01 </span><span class=\"S3247 SC4 S2\" id=\"t3e_151\">40 272 </span><span class=\"S3248 SC4 S2\" id=\"t3f_151\">542 103 </span><span class=\"S3249 SC4 S2\" id=\"t3g_151\">556 555 </span><span class=\"S324A SC4 S2\" id=\"t3h_151\">1 290 106 </span><span class=\"S324B SC4 S2\" id=\"t3i_151\">2 429 037 </span><span class=\"S324C SC4 S2\" id=\"t3j_151\">1 384 901 </span><span class=\"S324D SC4 S2\" id=\"t3k_151\">1 044 136 </span><span class=\"S324E SC4 S2\" id=\"t3l_151\">Financial year 2021 </span><span class=\"S324F SC5 S2\" id=\"t3m_151\">Carried value 01.01 </span><span class=\"S3250 SC5 S2\" id=\"t3n_151\">40 272 </span><span class=\"S3251 SC5 S2\" id=\"t3o_151\">542 103 </span><span class=\"S3252 SC5 S2\" id=\"t3p_151\">556 555 </span><span class=\"S3253 SC5 S2\" id=\"t3q_151\">1 290 106 </span><span class=\"S3254 SC4 S2\" id=\"t3r_151\">2 429 037 </span><span class=\"S3255 SC5 S2\" id=\"t3s_151\">1 384 901 </span><span class=\"S3256 SC5 S2\" id=\"t3t_151\">1 044 136 </span><span class=\"S3257 SC5 S2\" id=\"t3u_151\">Business combinations </span><span class=\"S3258 SC5 S2\" id=\"t3v_151\">11 638 </span><span class=\"S3259 SC4 S2\" id=\"t3w_151\">11 638 </span><span class=\"S325A SC5 S2\" id=\"t3x_151\">11 638 </span><span class=\"S325B SC5 S2\" id=\"t3y_151\">0 </span><span class=\"S325C SC5 S2\" id=\"t3z_151\">Translation differences </span><span class=\"S325D SC5 S2\" id=\"t40_151\">-6 459 </span><span class=\"S325E SC5 S2\" id=\"t41_151\">85 </span><span class=\"S325F SC5 S2\" id=\"t42_151\">-3 143 </span><span class=\"S3260 SC4 S2\" id=\"t43_151\">-9 517 </span><span class=\"S3261 SC5 S2\" id=\"t44_151\">-7 828 </span><span class=\"S3262 SC5 S2\" id=\"t45_151\">-1 689 </span><span class=\"S3263 SC5 S2\" id=\"t46_151\">Addition of new right-of-use assets </span><span class=\"S3264 SC5 S2\" id=\"t47_151\">13 824 </span><span class=\"S3265 SC5 S2\" id=\"t48_151\">33 004 </span><span class=\"S3266 SC5 S2\" id=\"t49_151\">504 697 </span><span class=\"S3267 SC5 S2\" id=\"t4a_151\">339 620 </span><span class=\"S3268 SC4 S2\" id=\"t4b_151\">891 145 </span><span class=\"S3269 SC5 S2\" id=\"t4c_151\">245 019 </span><span class=\"S326A SC5 S2\" id=\"t4d_151\">646 126 </span><span class=\"S326B SC5 S2\" id=\"t4e_151\">Disposals </span><span class=\"S326C SC5 S2\" id=\"t4f_151\">-44 205 </span><span class=\"S326D SC5 S2\" id=\"t4g_151\">-107 861 </span><span class=\"S326E SC5 S2\" id=\"t4h_151\">-3 900 </span><span class=\"S326F SC4 S2\" id=\"t4i_151\">-155 966 </span><span class=\"S3270 SC5 S2\" id=\"t4j_151\">-36 634 </span><span class=\"S3271 SC5 S2\" id=\"t4k_151\">-119 332 </span><span class=\"S1A3C SC5 S2\" id=\"t4l_151\">Depreciation for the year </span><span class=\"S3272 SC5 S2\" id=\"t4m_151\">-4 411 </span><span class=\"S3273 SC5 S2\" id=\"t4n_151\">-58 203 </span><span class=\"S3274 SC5 S2\" id=\"t4o_151\">-164 361 </span><span class=\"S3275 SC5 S2\" id=\"t4p_151\">-278 719 </span><span class=\"S3276 SC4 S2\" id=\"t4q_151\">-505 694 </span><span class=\"S3277 SC5 S2\" id=\"t4r_151\">-231 167 </span><span class=\"S3278 SC5 S2\" id=\"t4s_151\">-274 527 </span><span class=\"S3279 SC4 S2\" id=\"t4t_151\">Carried value 31.12 </span><span class=\"S327A SC4 S2\" id=\"t4u_151\">49 686 </span><span class=\"S327B SC4 S2\" id=\"t4v_151\">466 241 </span><span class=\"S327C SC4 S2\" id=\"t4w_151\">789 115 </span><span class=\"S327D SC4 S2\" id=\"t4x_151\">1 355 602 </span><span class=\"S327E SC4 S2\" id=\"t4y_151\">2 660 643 </span><span class=\"S327F SC4 S2\" id=\"t4z_151\">1 365 929 </span><span class=\"S3280 SC4 S2\" id=\"t50_151\">1 294 714 </span><span class=\"S3281 SC4 S2\" id=\"t51_151\">As of 31 December 2021 </span><span class=\"S3282 SC5 S2\" id=\"t52_151\">Acquisition cost * </span><span class=\"S3283 SC5 S2\" id=\"t53_151\">61 815 </span><span class=\"S3284 SC5 S2\" id=\"t54_151\">627 918 </span><span class=\"S3285 SC5 S2\" id=\"t55_151\">1 076 250 </span><span class=\"S3286 SC5 S2\" id=\"t56_151\">2 107 903 </span><span class=\"S3287 SC4 S2\" id=\"t57_151\">3 873 886 </span><span class=\"S3288 SC5 S2\" id=\"t58_151\">2 030 753 </span><span class=\"S3289 SC5 S2\" id=\"t59_151\">1 843 133 </span><span class=\"S328A SC5 S2\" id=\"t5a_151\">Accumulated depreciation * </span><span class=\"S328B SC5 S2\" id=\"t5b_151\">-12 130 </span><span class=\"S328C SC5 S2\" id=\"t5c_151\">-161 677 </span><span class=\"S328D SC5 S2\" id=\"t5d_151\">-287 135 </span><span class=\"S328E SC5 S2\" id=\"t5e_151\">-752 301 </span><span class=\"S328F SC4 S2\" id=\"t5f_151\">-1 213 242 </span><span class=\"S3290 SC5 S2\" id=\"t5g_151\">-664 824 </span><span class=\"S3291 SC5 S2\" id=\"t5h_151\">-548 419 </span><span class=\"S3292 SC4 S2\" id=\"t5i_151\">Carried value 31.12 </span><span class=\"S3293 SC4 S2\" id=\"t5j_151\">49 686 </span><span class=\"S3294 SC4 S2\" id=\"t5k_151\">466 241 </span><span class=\"S3295 SC4 S2\" id=\"t5l_151\">789 115 </span><span class=\"S3296 SC4 S2\" id=\"t5m_151\">1 355 602 </span><span class=\"S3297 SC4 S2\" id=\"t5n_151\">2 660 643 </span><span class=\"S3298 SC4 S2\" id=\"t5o_151\">1 365 929 </span><span class=\"S3299 SC4 S2\" id=\"t5p_151\">1 294 714 </span><span class=\"S329B SC7 S2\" id=\"t1_152\">Lease liabilities </span><span class=\"S329C SC8 S2\" id=\"t2_152\">Lease liabilities is devided into long-term and short-term, and by lessor category </span><span class=\"S329D SC4 S2\" id=\"t3_152\">To credit institutions </span><span class=\"S329E SC4 S2\" id=\"t4_152\">To others </span><span class=\"S329F SC4 S2\" id=\"t5_152\">2021 </span><span class=\"S32A0 SC4 S2\" id=\"t6_152\">Total lease </span><span class=\"S32A1 SC4 S2\" id=\"t7_152\">liabilities </span><span class=\"S32A2 SC4 S2\" id=\"t8_152\">Total </span><span class=\"S32A3 SC4 S2\" id=\"t9_152\">Short-term </span><span class=\"S32A4 SC4 S2\" id=\"ta_152\">portion </span><span class=\"S32A5 SC4 S2\" id=\"tb_152\">Long-term </span><span class=\"S32A6 SC4 S2\" id=\"tc_152\">portion </span><span class=\"S32A7 SC4 S2\" id=\"td_152\">Total </span><span class=\"S32A8 SC4 S2\" id=\"te_152\">Short-term </span><span class=\"S32A9 SC4 S2\" id=\"tf_152\">portion </span><span class=\"S32AA SC4 S2\" id=\"tg_152\">Long-term </span><span class=\"S32AB SC4 S2\" id=\"th_152\">portion </span><span class=\"S32AC SC5 S2\" id=\"ti_152\">Carried value 01.01 </span><span class=\"S32AD SC5 S2\" id=\"tj_152\">2 338 983 </span><span class=\"S32AE SC5 S2\" id=\"tk_152\">1 280 250 </span><span class=\"S32AF SC5 S2\" id=\"tl_152\">238 437 </span><span class=\"S32B0 SC5 S2\" id=\"tm_152\">1 041 813 </span><span class=\"S32B1 SC5 S2\" id=\"tn_152\">1 058 734 </span><span class=\"S32B2 SC5 S2\" id=\"to_152\">200 571 </span><span class=\"S32B3 SC5 S2\" id=\"tp_152\">858 163 </span><span class=\"S32B4 SC5 S2\" id=\"tq_152\">Long term portion previous year </span><span class=\"S32B5 SC5 S2\" id=\"tr_152\">become short term portion </span><span class=\"S32B6 SC5 S2\" id=\"ts_152\">0 </span><span class=\"S32B7 SC5 S2\" id=\"tt_152\">0 </span><span class=\"S32B8 SC5 S2\" id=\"tu_152\">215 011 </span><span class=\"S32B9 SC5 S2\" id=\"tv_152\">-215 011 </span><span class=\"S32BA SC5 S2\" id=\"tw_152\">0 </span><span class=\"S32BB SC5 S2\" id=\"tx_152\">186 120 </span><span class=\"S32BC SC5 S2\" id=\"ty_152\">-186 120 </span><span class=\"S32BD SC5 S2\" id=\"tz_152\">Business combinations </span><span class=\"S32BE SC5 S2\" id=\"t10_152\">6 890 </span><span class=\"S32BF SC5 S2\" id=\"t11_152\">6 890 </span><span class=\"S32C0 SC5 S2\" id=\"t12_152\">2 413 </span><span class=\"S32C1 SC5 S2\" id=\"t13_152\">4 477 </span><span class=\"S32C2 SC5 S2\" id=\"t14_152\">0 </span><span class=\"S32C3 SC5 S2\" id=\"t15_152\">0 </span><span class=\"S32C4 SC5 S2\" id=\"t16_152\">0 </span><span class=\"S32C5 SC5 S2\" id=\"t17_152\">Translation differences </span><span class=\"S32C6 SC5 S2\" id=\"t18_152\">-10 038 </span><span class=\"S32C7 SC5 S2\" id=\"t19_152\">-8 136 </span><span class=\"S32C8 SC5 S2\" id=\"t1a_152\">0 </span><span class=\"S32C9 SC5 S2\" id=\"t1b_152\">-8 136 </span><span class=\"S32CA SC5 S2\" id=\"t1c_152\">-1 902 </span><span class=\"S32CB SC5 S2\" id=\"t1d_152\">0 </span><span class=\"S32CC SC5 S2\" id=\"t1e_152\">-1 902 </span><span class=\"S32CD SC5 S2\" id=\"t1f_152\">New leasing debt </span><span class=\"S32CE SC5 S2\" id=\"t1g_152\">891 145 </span><span class=\"S32CF SC5 S2\" id=\"t1h_152\">245 020 </span><span class=\"S32D0 SC5 S2\" id=\"t1i_152\">52 057 </span><span class=\"S32D1 SC5 S2\" id=\"t1j_152\">192 963 </span><span class=\"S32D2 SC5 S2\" id=\"t1k_152\">646 125 </span><span class=\"S32D3 SC5 S2\" id=\"t1l_152\">116 567 </span><span class=\"S32D4 SC5 S2\" id=\"t1m_152\">529 559 </span><span class=\"S32D5 SC5 S2\" id=\"t1n_152\">Leasing debt terminated in </span><span class=\"S32D6 SC5 S2\" id=\"t1o_152\">connection with new agreements </span><span class=\"S32D7 SC5 S2\" id=\"t1p_152\">-158 327 </span><span class=\"S32D8 SC5 S2\" id=\"t1q_152\">-37 618 </span><span class=\"S32D9 SC5 S2\" id=\"t1r_152\">-11 286 </span><span class=\"S32DA SC5 S2\" id=\"t1s_152\">-26 333 </span><span class=\"S32DB SC5 S2\" id=\"t1t_152\">-120 708 </span><span class=\"S32DC SC5 S2\" id=\"t1u_152\">-12 071 </span><span class=\"S32DD SC5 S2\" id=\"t1v_152\">-108 637 </span><span class=\"S32DE SC5 S2\" id=\"t1w_152\">Redeemed </span><span class=\"S32DF SC5 S2\" id=\"t1x_152\">-509 584 </span><span class=\"S32E0 SC5 S2\" id=\"t1y_152\">-249 877 </span><span class=\"S32E1 SC5 S2\" id=\"t1z_152\">-249 877 </span><span class=\"S32E2 SC5 S2\" id=\"t20_152\">0 </span><span class=\"S32E3 SC5 S2\" id=\"t21_152\">-259 707 </span><span class=\"S32E4 SC5 S2\" id=\"t22_152\">-259 707 </span><span class=\"S32E5 SC5 S2\" id=\"t23_152\">0 </span><span class=\"S32E6 SC4 S2\" id=\"t24_152\">Carried value 31.12 </span><span class=\"S32E7 SC4 S2\" id=\"t25_152\">2 559 070 </span><span class=\"S32E8 SC4 S2\" id=\"t26_152\">1 236 528 </span><span class=\"S32E9 SC4 S2\" id=\"t27_152\">246 755 </span><span class=\"S32EA SC4 S2\" id=\"t28_152\">989 773 </span><span class=\"S32EB SC4 S2\" id=\"t29_152\">1 322 542 </span><span class=\"S32EC SC4 S2\" id=\"t2a_152\">231 480 </span><span class=\"S32ED SC4 S2\" id=\"t2b_152\">1 091 062 </span><span class=\"S32EE SC4 S2\" id=\"t2c_152\">To credit institutions </span><span class=\"S32EF SC4 S2\" id=\"t2d_152\">To others </span><span class=\"S32F0 SC4 S2\" id=\"t2e_152\">2022 </span><span class=\"S32F1 SC4 S2\" id=\"t2f_152\">Total lease </span><span class=\"S32F2 SC4 S2\" id=\"t2g_152\">liabilities </span><span class=\"S32F3 SC4 S2\" id=\"t2h_152\">Total </span><span class=\"S32F4 SC4 S2\" id=\"t2i_152\">Short-term </span><span class=\"S32F5 SC4 S2\" id=\"t2j_152\">portion </span><span class=\"S32F6 SC4 S2\" id=\"t2k_152\">Long-term </span><span class=\"S32F7 SC4 S2\" id=\"t2l_152\">portion </span><span class=\"S32F8 SC4 S2\" id=\"t2m_152\">Total </span><span class=\"S32F9 SC4 S2\" id=\"t2n_152\">Short-term </span><span class=\"S32FA SC4 S2\" id=\"t2o_152\">portion </span><span class=\"S32FB SC4 S2\" id=\"t2p_152\">Long-term </span><span class=\"S32FC SC4 S2\" id=\"t2q_152\">portion </span><span class=\"S32FD SC5 S2\" id=\"t2r_152\">Carried value 01.01 </span><span class=\"S32FE SC5 S2\" id=\"t2s_152\">2 559 070 </span><span class=\"S32FF SC5 S2\" id=\"t2t_152\">1 236 528 </span><span class=\"S3300 SC5 S2\" id=\"t2u_152\">246 755 </span><span class=\"S3301 SC5 S2\" id=\"t2v_152\">989 773 </span><span class=\"S3302 SC5 S2\" id=\"t2w_152\">1 322 542 </span><span class=\"S3303 SC5 S2\" id=\"t2x_152\">231 480 </span><span class=\"S3304 SC5 S2\" id=\"t2y_152\">1 091 062 </span><span class=\"S3305 SC5 S2\" id=\"t2z_152\">Long term portion previous year </span><span class=\"S3306 SC5 S2\" id=\"t30_152\">become short term portion </span><span class=\"S3307 SC5 S2\" id=\"t31_152\">0 </span><span class=\"S3308 SC5 S2\" id=\"t32_152\">301 438 </span><span class=\"S3309 SC5 S2\" id=\"t33_152\">-301 438 </span><span class=\"S330A SC5 S2\" id=\"t34_152\">202 141 </span><span class=\"S330B SC5 S2\" id=\"t35_152\">-202 141 </span><span class=\"S330C SC5 S2\" id=\"t36_152\">Translation differences </span><span class=\"S330D SC5 S2\" id=\"t37_152\">10 573 </span><span class=\"S330E SC5 S2\" id=\"t38_152\">9 515 </span><span class=\"S330F SC5 S2\" id=\"t39_152\">0 </span><span class=\"S3310 SC5 S2\" id=\"t3a_152\">9 515 </span><span class=\"S3311 SC5 S2\" id=\"t3b_152\">1 058 </span><span class=\"S3312 SC5 S2\" id=\"t3c_152\">0 </span><span class=\"S3313 SC5 S2\" id=\"t3d_152\">1 058 </span><span class=\"S3314 SC5 S2\" id=\"t3e_152\">New leasing debt </span><span class=\"S3315 SC5 S2\" id=\"t3f_152\">799 622 </span><span class=\"S3316 SC5 S2\" id=\"t3g_152\">230 035 </span><span class=\"S3317 SC5 S2\" id=\"t3h_152\">45 218 </span><span class=\"S3318 SC5 S2\" id=\"t3i_152\">184 817 </span><span class=\"S3319 SC5 S2\" id=\"t3j_152\">569 587 </span><span class=\"S331A SC5 S2\" id=\"t3k_152\">148 163 </span><span class=\"S331B SC5 S2\" id=\"t3l_152\">421 424 </span><span class=\"S331C SC5 S2\" id=\"t3m_152\">Leasing debt terminated in </span><span class=\"S331D SC5 S2\" id=\"t3n_152\">connection with new agreements </span><span class=\"S331E SC5 S2\" id=\"t3o_152\">-57 088 </span><span class=\"S331F SC5 S2\" id=\"t3p_152\">-2 093 </span><span class=\"S3320 SC5 S2\" id=\"t3q_152\">-628 </span><span class=\"S3321 SC5 S2\" id=\"t3r_152\">-1 465 </span><span class=\"S3322 SC5 S2\" id=\"t3s_152\">-54 995 </span><span class=\"S3323 SC5 S2\" id=\"t3t_152\">-16 499 </span><span class=\"S3324 SC5 S2\" id=\"t3u_152\">-38 497 </span><span class=\"S3325 SC5 S2\" id=\"t3v_152\">Redeemed </span><span class=\"S3326 SC5 S2\" id=\"t3w_152\">-555 942 </span><span class=\"S3327 SC5 S2\" id=\"t3x_152\">-260 270 </span><span class=\"S3328 SC5 S2\" id=\"t3y_152\">-260 270 </span><span class=\"S3329 SC5 S2\" id=\"t3z_152\">0 </span><span class=\"S332A SC5 S2\" id=\"t40_152\">-295 672 </span><span class=\"S332B SC5 S2\" id=\"t41_152\">-295 672 </span><span class=\"S332C SC5 S2\" id=\"t42_152\">0 </span><span class=\"S332D SC4 S2\" id=\"t43_152\">Carried value 31.12 </span><span class=\"S332E SC4 S2\" id=\"t44_152\">2 756 235 </span><span class=\"S332F SC4 S2\" id=\"t45_152\">1 213 715 </span><span class=\"S3330 SC4 S2\" id=\"t46_152\">332 513 </span><span class=\"S3331 SC4 S2\" id=\"t47_152\">881 202 </span><span class=\"S3332 SC4 S2\" id=\"t48_152\">1 542 520 </span><span class=\"S3333 SC4 S2\" id=\"t49_152\">269 614 </span><span class=\"S3334 SC4 S2\" id=\"t4a_152\">1 272 906 </span><span class=\"S3335 SC5 S2\" id=\"t4b_152\">Payment pro\ufb01le on instalments and interests, see note 15 </span><span class=\"S3336 SC4 S2\" id=\"t4c_152\">2022 </span><span class=\"S3337 SC4 S2\" id=\"t4d_152\">2021 </span><span class=\"S3338 SC4 S2\" id=\"t4e_152\">Accounting </span><span class=\"S3339 SC4 S2\" id=\"t4f_152\">Lease cost </span><span class=\"S333A SC4 S2\" id=\"t4g_152\">paid </span><span class=\"S333B SC4 S2\" id=\"t4h_152\">Of which </span><span class=\"S333C SC4 S2\" id=\"t4i_152\">to credit </span><span class=\"S333D SC4 S2\" id=\"t4j_152\">institutions </span><span class=\"S333E SC4 S2\" id=\"t4k_152\">Of which </span><span class=\"S333F SC4 S2\" id=\"t4l_152\">to others </span><span class=\"S3340 SC4 S2\" id=\"t4m_152\">Lease cost </span><span class=\"S3341 SC4 S2\" id=\"t4n_152\">paid </span><span class=\"S3342 SC4 S2\" id=\"t4o_152\">Of which </span><span class=\"S3343 SC4 S2\" id=\"t4p_152\">to credit </span><span class=\"S3344 SC4 S2\" id=\"t4q_152\">institutions </span><span class=\"S3345 SC4 S2\" id=\"t4r_152\">Of which </span><span class=\"S3346 SC4 S2\" id=\"t4s_152\">to others </span><span class=\"S3347 SC5 S2\" id=\"t4t_152\">Lease costs paid on non-carried </span><span class=\"S3348 SC5 S2\" id=\"t4u_152\">agreements </span><span class=\"S3349 SC5 S2\" id=\"t4v_152\">Operating cost </span><span class=\"S334A SC5 S2\" id=\"t4w_152\">9 276 </span><span class=\"S334B SC5 S2\" id=\"t4x_152\">0 </span><span class=\"S334C SC5 S2\" id=\"t4y_152\">9 276 </span><span class=\"S334D SC5 S2\" id=\"t4z_152\">16 917 </span><span class=\"S334E SC5 S2\" id=\"t50_152\">2 426 </span><span class=\"S334F SC5 S2\" id=\"t51_152\">14 491 </span><span class=\"S3350 SC5 S2\" id=\"t52_152\">Instalments paid </span><span class=\"S3351 SC5 S2\" id=\"t53_152\">Reduction in debt </span><span class=\"S3352 SC5 S2\" id=\"t54_152\">555 942 </span><span class=\"S3353 SC5 S2\" id=\"t55_152\">260 270 </span><span class=\"S3354 SC5 S2\" id=\"t56_152\">295 672 </span><span class=\"S3355 SC5 S2\" id=\"t57_152\">509 584 </span><span class=\"S3356 SC5 S2\" id=\"t58_152\">249 877 </span><span class=\"S3357 SC5 S2\" id=\"t59_152\">259 707 </span><span class=\"S3358 SC5 S2\" id=\"t5a_152\">Interest costs paid </span><span class=\"S3359 SC5 S2\" id=\"t5b_152\">Financial cost </span><span class=\"S335A SC5 S2\" id=\"t5c_152\">106 445 </span><span class=\"S335B SC5 S2\" id=\"t5d_152\">39 445 </span><span class=\"S335C SC5 S2\" id=\"t5e_152\">67 000 </span><span class=\"S335D SC5 S2\" id=\"t5f_152\">81 738 </span><span class=\"S335E SC5 S2\" id=\"t5g_152\">26 839 </span><span class=\"S335F SC5 S2\" id=\"t5h_152\">54 899 </span><span class=\"S3360 SC4 S2\" id=\"t5i_152\">Outgoing cash \ufb02ows related to leases </span><span class=\"S3361 SC4 S2\" id=\"t5j_152\">671 663 </span><span class=\"S3362 SC4 S2\" id=\"t5k_152\">299 715 </span><span class=\"S3363 SC4 S2\" id=\"t5l_152\">371 948 </span><span class=\"S3364 SC4 S2\" id=\"t5m_152\">608 239 </span><span class=\"S3365 SC4 S2\" id=\"t5n_152\">279 142 </span><span class=\"S3366 SC4 S2\" id=\"t5o_152\">329 097 </span><span class=\"S3367 SC4 S2\" id=\"t5p_152\">Lease costs paid on non-carried agreements compromise </span><span class=\"S3368 SC5 S2\" id=\"t5q_152\">Lease on agreements with exemption for short-term </span><span class=\"S3369 SC5 S2\" id=\"t5r_152\">agreements </span><span class=\"S336A SC5 S2\" id=\"t5s_152\">3 108 </span><span class=\"S336B SC5 S2\" id=\"t5t_152\">0 </span><span class=\"S336C SC5 S2\" id=\"t5u_152\">3 108 </span><span class=\"S336D SC5 S2\" id=\"t5v_152\">9 268 </span><span class=\"S336E SC5 S2\" id=\"t5w_152\">9 268 </span><span class=\"S336F SC5 S2\" id=\"t5x_152\">Lease on agreements with exemption for low value assets </span><span class=\"S3370 SC5 S2\" id=\"t5y_152\">3 257 </span><span class=\"S3371 SC5 S2\" id=\"t5z_152\">0 </span><span class=\"S3372 SC5 S2\" id=\"t60_152\">3 257 </span><span class=\"S3373 SC5 S2\" id=\"t61_152\">5 504 </span><span class=\"S3374 SC5 S2\" id=\"t62_152\">2 426 </span><span class=\"S3375 SC5 S2\" id=\"t63_152\">3 078 </span><span class=\"S3376 SC5 S2\" id=\"t64_152\">Expenses related to variable lease, not included in the </span><span class=\"S3377 SC5 S2\" id=\"t65_152\">carried amount </span><span class=\"S3378 SC5 S2\" id=\"t66_152\">2 911 </span><span class=\"S3379 SC5 S2\" id=\"t67_152\">0 </span><span class=\"S337A SC5 S2\" id=\"t68_152\">2 911 </span><span class=\"S337B SC5 S2\" id=\"t69_152\">2 146 </span><span class=\"S337C SC5 S2\" id=\"t6a_152\">2 146 </span><span class=\"S337D SC4 S2\" id=\"t6b_152\">Total </span><span class=\"S337E SC4 S2\" id=\"t6c_152\">9 276 </span><span class=\"S337F SC4 S2\" id=\"t6d_152\">0 </span><span class=\"S3380 SC4 S2\" id=\"t6e_152\">9 276 </span><span class=\"S3381 SC4 S2\" id=\"t6f_152\">16 918 </span><span class=\"S3382 SC4 S2\" id=\"t6g_152\">2 426 </span><span class=\"S3383 SC4 S2\" id=\"t6h_152\">14 492 </span><span class=\"S3384 SC5 S2\" id=\"t6i_152\">Instalments paid, to both credit institutions and to others, are included in downpayments of long-term debt under \ufb01nancing activities in the </span><span class=\"S3385 SC5 S2\" id=\"t6j_152\">cash \ufb02ow statement. </span><span class=\"S3386 SC5 S2\" id=\"t6k_152\">See note 15 for reconciliation. </span><span class=\"S3387 SC7 S2\" id=\"t6l_152\">Lease payments </span><span class=\"S1D89 S18EC S2\" id=\"t6t_152\">NOTE 8 cont. </span><span class=\"S31CF S18EC S2\" id=\"t6u_152\">Leases </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f16716": {
   "value": "<span class=\"S3450 S18EC S2\" id=\"t5t_153\">NOTE 9 </span><span class=\"S3451 S18EC S2\" id=\"t5u_153\">Fixed assets </span><span class=\"S21BC SC7 S2\" id=\"t5l_153\">Fixed assets </span><span class=\"S3389 SC4 S2\" id=\"t1_153\">2021 </span><span class=\"S338A SC4 S2\" id=\"t2_153\">Prepayments </span><span class=\"S338B SC4 S2\" id=\"t3_153\">to suppliers </span><span class=\"S338C SC4 S2\" id=\"t4_153\">Projects in </span><span class=\"S338D SC4 S2\" id=\"t5_153\">progress </span><span class=\"S338E SC4 S2\" id=\"t6_153\">Real </span><span class=\"S338F SC4 S2\" id=\"t7_153\">estate </span><span class=\"S3390 SC4 S2\" id=\"t8_153\">Buildings </span><span class=\"S3391 SC4 S2\" id=\"t9_153\">Vessels </span><span class=\"S3392 SC4 S2\" id=\"ta_153\">(\ufb01shing </span><span class=\"S3393 SC4 S2\" id=\"tb_153\">boats) </span><span class=\"S3394 SC4 S2\" id=\"tc_153\">Machines, </span><span class=\"S3395 SC4 S2\" id=\"td_153\">\ufb01xtures, </span><span class=\"S3396 SC4 S2\" id=\"te_153\">equip., etc. </span><span class=\"S3397 SC4 S2\" id=\"tf_153\">Total </span><span class=\"S3398 SC4 S2\" id=\"tg_153\">Accounting year 2021 </span><span class=\"S3399 SC5 S2\" id=\"th_153\">Carrying value 01.01 </span><span class=\"S339A SC5 S2\" id=\"ti_153\">1 953 </span><span class=\"S339B SC5 S2\" id=\"tj_153\">334 561 </span><span class=\"S339C SC5 S2\" id=\"tk_153\">287 518 </span><span class=\"S339D SC5 S2\" id=\"tl_153\">3 104 825 </span><span class=\"S339E SC5 S2\" id=\"tm_153\">1 627 090 </span><span class=\"S339F SC5 S2\" id=\"tn_153\">1 441 134 </span><span class=\"S33A0 SC5 S2\" id=\"to_153\">6 797 080 </span><span class=\"S33A1 SC5 S2\" id=\"tp_153\">Allocation of completed projects in progress </span><span class=\"S33A2 SC5 S2\" id=\"tq_153\">-1 757 </span><span class=\"S33A3 SC5 S2\" id=\"tr_153\">-80 810 </span><span class=\"S33A4 SC5 S2\" id=\"ts_153\">52 470 </span><span class=\"S33A5 SC5 S2\" id=\"tt_153\">30 097 </span><span class=\"S33A6 SC5 S2\" id=\"tu_153\">0 </span><span class=\"S33A7 SC5 S2\" id=\"tv_153\">Foreign currency translation differences </span><span class=\"S33A8 SC5 S2\" id=\"tw_153\">-91 </span><span class=\"S33A9 SC5 S2\" id=\"tx_153\">-1 718 </span><span class=\"S33AA SC5 S2\" id=\"ty_153\">-2 799 </span><span class=\"S33AB SC5 S2\" id=\"tz_153\">-17 628 </span><span class=\"S33AC SC5 S2\" id=\"t10_153\">-12 542 </span><span class=\"S33AD SC5 S2\" id=\"t11_153\">-34 778 </span><span class=\"S33AE SC5 S2\" id=\"t12_153\">Business combinations </span><span class=\"S33AF SC5 S2\" id=\"t13_153\">751 </span><span class=\"S33B0 SC5 S2\" id=\"t14_153\">58 697 </span><span class=\"S33B1 SC5 S2\" id=\"t15_153\">107 111 </span><span class=\"S33B2 SC5 S2\" id=\"t16_153\">90 701 </span><span class=\"S33B3 SC5 S2\" id=\"t17_153\">257 260 </span><span class=\"S1B29 SC5 S2\" id=\"t18_153\">Operating assets acquired </span><span class=\"S33B4 SC5 S2\" id=\"t19_153\">4 520 </span><span class=\"S33B5 SC5 S2\" id=\"t1a_153\">425 060 </span><span class=\"S33B6 SC5 S2\" id=\"t1b_153\">77 622 </span><span class=\"S33B7 SC5 S2\" id=\"t1c_153\">190 653 </span><span class=\"S33B8 SC5 S2\" id=\"t1d_153\">48 305 </span><span class=\"S33B9 SC5 S2\" id=\"t1e_153\">268 894 </span><span class=\"S33BA SC5 S2\" id=\"t1f_153\">1 015 054 </span><span class=\"S33BB SC5 S2\" id=\"t1g_153\">Disposal </span><span class=\"S33BC SC5 S2\" id=\"t1h_153\">-8 307 </span><span class=\"S33BD SC5 S2\" id=\"t1i_153\">-5 030 </span><span class=\"S33BE SC5 S2\" id=\"t1j_153\">-138 </span><span class=\"S33BF SC5 S2\" id=\"t1k_153\">-3 535 </span><span class=\"S33C0 SC5 S2\" id=\"t1l_153\">-17 011 </span><span class=\"S33C1 SC5 S2\" id=\"t1m_153\">Depreciation for the year </span><span class=\"S33C2 SC5 S2\" id=\"t1n_153\">-272 755 </span><span class=\"S33C3 SC5 S2\" id=\"t1o_153\">-110 705 </span><span class=\"S33C4 SC5 S2\" id=\"t1p_153\">-330 265 </span><span class=\"S33C5 SC5 S2\" id=\"t1q_153\">-713 726 </span><span class=\"S33C6 SC5 S2\" id=\"t1r_153\">Impairment loss </span><span class=\"S33C7 SC5 S2\" id=\"t1s_153\">-6 400 </span><span class=\"S33C8 SC5 S2\" id=\"t1t_153\">-6 400 </span><span class=\"S33C9 SC4 S2\" id=\"t1u_153\">Carrying value 31.12 </span><span class=\"S33CA SC4 S2\" id=\"t1v_153\">4 625 </span><span class=\"S33CB SC4 S2\" id=\"t1w_153\">677 845 </span><span class=\"S33CC SC4 S2\" id=\"t1x_153\">412 730 </span><span class=\"S33CD SC4 S2\" id=\"t1y_153\">3 159 645 </span><span class=\"S33CE SC4 S2\" id=\"t1z_153\">1 564 551 </span><span class=\"S33CF SC4 S2\" id=\"t20_153\">1 478 083 </span><span class=\"S33D0 SC4 S2\" id=\"t21_153\">7 297 480 </span><span class=\"S33D1 SC4 S2\" id=\"t22_153\">31 December 2021 </span><span class=\"S33D2 SC5 S2\" id=\"t23_153\">Acquisition cost </span><span class=\"S33D3 SC5 S2\" id=\"t24_153\">4 625 </span><span class=\"S33D4 SC5 S2\" id=\"t25_153\">677 845 </span><span class=\"S33D5 SC5 S2\" id=\"t26_153\">412 730 </span><span class=\"S33D6 SC5 S2\" id=\"t27_153\">4 400 822 </span><span class=\"S33D7 SC5 S2\" id=\"t28_153\">1 999 191 </span><span class=\"S33D8 SC5 S2\" id=\"t29_153\">4 162 358 </span><span class=\"S33D9 SC5 S2\" id=\"t2a_153\">11 657 572 </span><span class=\"S33DA SC5 S2\" id=\"t2b_153\">Accumulated depreciation </span><span class=\"S33DB SC5 S2\" id=\"t2c_153\">-1 225 382 </span><span class=\"S33DC SC5 S2\" id=\"t2d_153\">-434 640 </span><span class=\"S33DD SC5 S2\" id=\"t2e_153\">-2 657 400 </span><span class=\"S33DE SC5 S2\" id=\"t2f_153\">-4 317 422 </span><span class=\"S33DF SC5 S2\" id=\"t2g_153\">Accumulated impairment loss </span><span class=\"S33E0 SC5 S2\" id=\"t2h_153\">-15 795 </span><span class=\"S33E1 SC5 S2\" id=\"t2i_153\">0 </span><span class=\"S33E2 SC5 S2\" id=\"t2j_153\">-26 875 </span><span class=\"S33E3 SC5 S2\" id=\"t2k_153\">-42 670 </span><span class=\"S33E4 SC4 S2\" id=\"t2l_153\">Carrying value 31.12 </span><span class=\"S33E5 SC4 S2\" id=\"t2m_153\">4 625 </span><span class=\"S33E6 SC4 S2\" id=\"t2n_153\">677 845 </span><span class=\"S33E7 SC4 S2\" id=\"t2o_153\">412 730 </span><span class=\"S33E8 SC4 S2\" id=\"t2p_153\">3 159 645 </span><span class=\"S33E9 SC4 S2\" id=\"t2q_153\">1 564 551 </span><span class=\"S33EA SC4 S2\" id=\"t2r_153\">1 478 083 </span><span class=\"S33EB SC4 S2\" id=\"t2s_153\">7 297 480 </span><span class=\"S33EC SC4 S2\" id=\"t2t_153\">2022 </span><span class=\"S33ED SC4 S2\" id=\"t2u_153\">Prepayments </span><span class=\"S33EE SC4 S2\" id=\"t2v_153\">to suppliers </span><span class=\"S33EF SC4 S2\" id=\"t2w_153\">Projects in </span><span class=\"S33F0 SC4 S2\" id=\"t2x_153\">progress </span><span class=\"S33F1 SC4 S2\" id=\"t2y_153\">Real </span><span class=\"S33F2 SC4 S2\" id=\"t2z_153\">estate </span><span class=\"S33F3 SC4 S2\" id=\"t30_153\">Buildings </span><span class=\"S33F4 SC4 S2\" id=\"t31_153\">Vessels </span><span class=\"S33F5 SC4 S2\" id=\"t32_153\">(\ufb01shing </span><span class=\"S33F6 SC4 S2\" id=\"t33_153\">boats) </span><span class=\"S33F7 SC4 S2\" id=\"t34_153\">Machines, </span><span class=\"S33F8 SC4 S2\" id=\"t35_153\">\ufb01xtures, </span><span class=\"S33F9 SC4 S2\" id=\"t36_153\">equip., etc. </span><span class=\"S33FA SC4 S2\" id=\"t37_153\">Total </span><span class=\"S33FB SC4 S2\" id=\"t38_153\">Accounting year 2022 </span><span class=\"S33FC SC5 S2\" id=\"t39_153\">Carrying value 01.01 </span><span class=\"S33FD SC5 S2\" id=\"t3a_153\">4 625 </span><span class=\"S33FE SC5 S2\" id=\"t3b_153\">677 845 </span><span class=\"S33FF SC5 S2\" id=\"t3c_153\">412 730 </span><span class=\"S3400 SC5 S2\" id=\"t3d_153\">3 159 645 </span><span class=\"S3401 SC5 S2\" id=\"t3e_153\">1 564 551 </span><span class=\"S3402 SC5 S2\" id=\"t3f_153\">1 478 083 </span><span class=\"S3403 SC5 S2\" id=\"t3g_153\">7 297 480 </span><span class=\"S3404 SC5 S2\" id=\"t3h_153\">Allocation of completed projects in progress </span><span class=\"S3405 SC5 S2\" id=\"t3i_153\">-3 960 </span><span class=\"S3406 SC5 S2\" id=\"t3j_153\">-712 315 </span><span class=\"S3407 SC5 S2\" id=\"t3k_153\">39 064 </span><span class=\"S3408 SC5 S2\" id=\"t3l_153\">648 722 </span><span class=\"S3409 SC5 S2\" id=\"t3m_153\">0 </span><span class=\"S340A SC5 S2\" id=\"t3n_153\">28 489 </span><span class=\"S340B SC5 S2\" id=\"t3o_153\">0 </span><span class=\"S340C SC5 S2\" id=\"t3p_153\">Foreign currency translation differences </span><span class=\"S340D SC5 S2\" id=\"t3q_153\">262 </span><span class=\"S340E SC5 S2\" id=\"t3r_153\">18 </span><span class=\"S340F SC5 S2\" id=\"t3s_153\">2 718 </span><span class=\"S3410 SC5 S2\" id=\"t3t_153\">17 357 </span><span class=\"S3411 SC5 S2\" id=\"t3u_153\">0 </span><span class=\"S3412 SC5 S2\" id=\"t3v_153\">13 122 </span><span class=\"S3413 SC5 S2\" id=\"t3w_153\">33 476 </span><span class=\"S2869 SC5 S2\" id=\"t3x_153\">Business combinations </span><span class=\"S3414 SC5 S2\" id=\"t3y_153\">5 641 </span><span class=\"S3415 SC5 S2\" id=\"t3z_153\">128 </span><span class=\"S3416 SC5 S2\" id=\"t40_153\">5 769 </span><span class=\"S3417 SC5 S2\" id=\"t41_153\">Operating assets acquired </span><span class=\"S3418 SC5 S2\" id=\"t42_153\">417 </span><span class=\"S3419 SC5 S2\" id=\"t43_153\">131 638 </span><span class=\"S341A SC5 S2\" id=\"t44_153\">18 414 </span><span class=\"S341B SC5 S2\" id=\"t45_153\">285 257 </span><span class=\"S341C SC5 S2\" id=\"t46_153\">129 838 </span><span class=\"S341D SC5 S2\" id=\"t47_153\">345 836 </span><span class=\"S341E SC5 S2\" id=\"t48_153\">911 400 </span><span class=\"S341F SC5 S2\" id=\"t49_153\">Disposal </span><span class=\"S3420 SC5 S2\" id=\"t4a_153\">-428 </span><span class=\"S3421 SC5 S2\" id=\"t4b_153\">-17 884 </span><span class=\"S3422 SC5 S2\" id=\"t4c_153\">-18 312 </span><span class=\"S3423 SC5 S2\" id=\"t4d_153\">Depreciation for the year </span><span class=\"S3424 SC5 S2\" id=\"t4e_153\">-286 442 </span><span class=\"S3425 SC5 S2\" id=\"t4f_153\">-110 073 </span><span class=\"S3426 SC5 S2\" id=\"t4g_153\">-345 909 </span><span class=\"S3427 SC5 S2\" id=\"t4h_153\">-742 424 </span><span class=\"S3428 SC4 S2\" id=\"t4i_153\">Carrying value 31.12 </span><span class=\"S3429 SC4 S2\" id=\"t4j_153\">1 344 </span><span class=\"S342A SC4 S2\" id=\"t4k_153\">97 186 </span><span class=\"S342B SC4 S2\" id=\"t4l_153\">472 926 </span><span class=\"S342C SC4 S2\" id=\"t4m_153\">3 829 752 </span><span class=\"S342D SC4 S2\" id=\"t4n_153\">1 584 316 </span><span class=\"S342E SC4 S2\" id=\"t4o_153\">1 501 865 </span><span class=\"S342F SC4 S2\" id=\"t4p_153\">7 487 389 </span><span class=\"S3430 SC4 S2\" id=\"t4q_153\">31 December 2022 </span><span class=\"S3431 SC5 S2\" id=\"t4r_153\">Acquisition cost </span><span class=\"S3432 SC5 S2\" id=\"t4s_153\">1 344 </span><span class=\"S3433 SC5 S2\" id=\"t4t_153\">97 186 </span><span class=\"S3434 SC5 S2\" id=\"t4u_153\">472 926 </span><span class=\"S3435 SC5 S2\" id=\"t4v_153\">5 340 413 </span><span class=\"S3436 SC5 S2\" id=\"t4w_153\">2 129 029 </span><span class=\"S3437 SC5 S2\" id=\"t4x_153\">4 468 052 </span><span class=\"S3438 SC5 S2\" id=\"t4y_153\">12 508 949 </span><span class=\"S3439 SC5 S2\" id=\"t4z_153\">Accumulated depreciation </span><span class=\"S343A SC5 S2\" id=\"t50_153\">-1 494 819 </span><span class=\"S343B SC5 S2\" id=\"t51_153\">-544 712 </span><span class=\"S343C SC5 S2\" id=\"t52_153\">-2 945 526 </span><span class=\"S343D SC5 S2\" id=\"t53_153\">-4 985 057 </span><span class=\"S343E SC5 S2\" id=\"t54_153\">Accumulated impairment loss </span><span class=\"S343F SC5 S2\" id=\"t55_153\">-15 842 </span><span class=\"S3440 SC5 S2\" id=\"t56_153\">-20 661 </span><span class=\"S3441 SC5 S2\" id=\"t57_153\">-36 503 </span><span class=\"S3442 SC4 S2\" id=\"t58_153\">Carrying value 31.12 </span><span class=\"S3443 SC4 S2\" id=\"t59_153\">1 344 </span><span class=\"S3444 SC4 S2\" id=\"t5a_153\">97 186 </span><span class=\"S3445 SC4 S2\" id=\"t5b_153\">472 926 </span><span class=\"S3446 SC4 S2\" id=\"t5c_153\">3 829 752 </span><span class=\"S3447 SC4 S2\" id=\"t5d_153\">1 584 317 </span><span class=\"S3448 SC4 S2\" id=\"t5e_153\">1 501 865 </span><span class=\"S3449 SC4 S2\" id=\"t5f_153\">7 487 389 </span><span class=\"S344A SC5 S2\" id=\"t5g_153\">For prepayments to suppliers, the right of property is transferred to the Group on time of completion </span><span class=\"S344B SC5 S2\" id=\"t5h_153\">For projects in progress, the right of property is transferred to the Group based on progress </span><span class=\"S344C SC5 S2\" id=\"t5i_153\">Information on estimated useful life for \ufb01xed assets is provided in paragraph (H) in the note on accounting policies. </span><span class=\"S344D SC5 S2\" id=\"t5j_153\">Information on mortgages for \ufb01xed assets is provided in note on loans, mortgages and guarantees. </span><span class=\"S344E SC5 S2\" id=\"t5k_153\">Leased assets are from 1 January 2019 included in the new group \u00abright-of-use assets\u00bb. See note on leases. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f16914": {
   "value": "<span class=\"S3502 S18EC S2\" id=\"t56_154\">NOTE 10 </span><span class=\"S3503 S18EC S2\" id=\"t57_154\">Shares in joint ventures, associates and other investments </span><span class=\"S3452 SC7 S2\" id=\"t1_154\">Shares in joint ventures and associates </span><span class=\"S3453 S1C40 S2\" id=\"t2_154\">Classi\ufb01cation </span><span class=\"S3454 SC8 S2\" id=\"t3_154\">The joint ventures and associated </span><span class=\"S3455 SC8 S2\" id=\"t4_154\">companies in the group are listed in </span><span class=\"S3456 SC8 S2\" id=\"t5_154\">the table below, and each company </span><span class=\"S2229 SC8 S2\" id=\"t6_154\">is allocated to operating segment. </span><span class=\"S1BD2 SC8 S2\" id=\"t7_154\">Changes during the year are also </span><span class=\"S3457 SC8 S2\" id=\"t8_154\">included. Net book value is recognised </span><span class=\"S3458 SC8 S2\" id=\"t9_154\">according to the equity method. </span><span class=\"S3459 SC8 S2\" id=\"ta_154\">The companies de\ufb01ned as joint </span><span class=\"S345A SC8 S2\" id=\"tb_154\">ventures (from 2022) are classi\ufb01ed as </span><span class=\"S2540 SC8 S2\" id=\"tc_154\">material. The remaining companies </span><span class=\"S345B SC8 S2\" id=\"td_154\">are de\ufb01ned as associates, and they </span><span class=\"S345C SC8 S2\" id=\"te_154\">are classi\ufb01ed as not material. </span><span class=\"S345D SC4 S2\" id=\"tf_154\">Company </span><span class=\"S345E SC4 S2\" id=\"tg_154\">Owner (in LSG group) </span><span class=\"S345F SC4 S2\" id=\"th_154\">Operating </span><span class=\"S3460 SC4 S2\" id=\"ti_154\">segment </span><span class=\"S3461 SC4 S2\" id=\"tj_154\">Country </span><span class=\"S3462 SC4 S2\" id=\"tk_154\">Place of </span><span class=\"S3463 SC4 S2\" id=\"tl_154\">business </span><span class=\"S3464 SC4 S2\" id=\"tm_154\">Ownership </span><span class=\"S3465 SC4 S2\" id=\"tn_154\">/voting </span><span class=\"S3466 SC4 S2\" id=\"to_154\">share 01.01 </span><span class=\"S3467 SC4 S2\" id=\"tp_154\">Ownership </span><span class=\"S3468 SC4 S2\" id=\"tq_154\">/voting </span><span class=\"S3469 SC4 S2\" id=\"tr_154\">share 31.12 </span><span class=\"S346A SC4 S2\" id=\"ts_154\">Net book </span><span class=\"S346B SC4 S2\" id=\"tt_154\">value 31.12 </span><span class=\"S346C SC4 S2\" id=\"tu_154\">Joint ventures (JV) </span><span class=\"S346D SC5 S2\" id=\"tv_154\">Norskott Havbruk AS - group </span><span class=\"S346E SC5 S2\" id=\"tw_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S346F SC5 S2\" id=\"tx_154\">Farming </span><span class=\"S3470 SC5 S2\" id=\"ty_154\">Norway </span><span class=\"S3471 SC5 S2\" id=\"tz_154\">Bergen </span><span class=\"S3472 SC5 S2\" id=\"t10_154\">50 % </span><span class=\"S3473 SC5 S2\" id=\"t11_154\">50 % </span><span class=\"S3474 SC5 S2\" id=\"t12_154\">1 152 856 </span><span class=\"S3475 SC5 S2\" id=\"t13_154\">Seistar Holding AS - group </span><span class=\"S3476 SC5 S2\" id=\"t14_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S3477 SC5 S2\" id=\"t15_154\">Farming </span><span class=\"S3478 SC5 S2\" id=\"t16_154\">Norway </span><span class=\"S3479 SC5 S2\" id=\"t17_154\">Austevoll </span><span class=\"S347A SC5 S2\" id=\"t18_154\">50 % </span><span class=\"S347B SC5 S2\" id=\"t19_154\">50 % </span><span class=\"S347C SC5 S2\" id=\"t1a_154\">233 413 </span><span class=\"S347D SC4 S2\" id=\"t1b_154\">Total material associates </span><span class=\"S347E SC5 S2\" id=\"t1c_154\">1 386 269 </span><span class=\"S347F SC4 S2\" id=\"t1d_154\">Associated companies (AC) </span><span class=\"S3480 SC5 S2\" id=\"t1e_154\">Nesset Kyst\ufb01ske AS </span><span class=\"S3481 SC5 S2\" id=\"t1f_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S3482 SC5 S2\" id=\"t1g_154\">Wild catch </span><span class=\"S3483 SC5 S2\" id=\"t1h_154\">Norway </span><span class=\"S3484 SC5 S2\" id=\"t1i_154\">Hasvik </span><span class=\"S3485 SC5 S2\" id=\"t1j_154\">34 % </span><span class=\"S3486 SC5 S2\" id=\"t1k_154\">34 % </span><span class=\"S3487 SC5 S2\" id=\"t1l_154\">936 </span><span class=\"S3488 SC5 S2\" id=\"t1m_154\">Holmen Fiske AS </span><span class=\"S3489 SC5 S2\" id=\"t1n_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S348A SC5 S2\" id=\"t1o_154\">Wild catch </span><span class=\"S348B SC5 S2\" id=\"t1p_154\">Norway </span><span class=\"S348C SC5 S2\" id=\"t1q_154\">Hasvik </span><span class=\"S348D SC5 S2\" id=\"t1r_154\">34 % </span><span class=\"S348E SC5 S2\" id=\"t1s_154\">33 % </span><span class=\"S348F SC5 S2\" id=\"t1t_154\">7 753 </span><span class=\"S3490 S269C S2\" id=\"t1u_154\">2) </span><span class=\"S3491 SC5 S2\" id=\"t1v_154\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S3492 SC5 S2\" id=\"t1w_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S3493 SC5 S2\" id=\"t1x_154\">Wild catch </span><span class=\"S3494 SC5 S2\" id=\"t1y_154\">Norway </span><span class=\"S3495 SC5 S2\" id=\"t1z_154\">B\u00e5tsfjord </span><span class=\"S3496 SC5 S2\" id=\"t20_154\">28 % </span><span class=\"S3497 SC5 S2\" id=\"t21_154\">28 % </span><span class=\"S3498 SC5 S2\" id=\"t22_154\">308 </span><span class=\"S3499 SC5 S2\" id=\"t23_154\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S349A SC5 S2\" id=\"t24_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S349B SC5 S2\" id=\"t25_154\">Wild catch </span><span class=\"S349C SC5 S2\" id=\"t26_154\">Norway </span><span class=\"S349D SC5 S2\" id=\"t27_154\">B\u00e5tsfjord </span><span class=\"S349E SC5 S2\" id=\"t28_154\">34 % </span><span class=\"S349F SC5 S2\" id=\"t29_154\">34 % </span><span class=\"S34A0 SC5 S2\" id=\"t2a_154\">362 </span><span class=\"S34A1 SC5 S2\" id=\"t2b_154\">Itub AS </span><span class=\"S34A2 SC5 S2\" id=\"t2c_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S34A3 SC5 S2\" id=\"t2d_154\">Wild catch </span><span class=\"S34A4 SC5 S2\" id=\"t2e_154\">Norway </span><span class=\"S34A5 SC5 S2\" id=\"t2f_154\">\u00c5lesund </span><span class=\"S34A6 SC5 S2\" id=\"t2g_154\">22 % </span><span class=\"S34A7 SC5 S2\" id=\"t2h_154\">22 % </span><span class=\"S34A8 SC5 S2\" id=\"t2i_154\">7 893 </span><span class=\"S34A9 SC5 S2\" id=\"t2j_154\">Finnmark Kyst\ufb01ske AS </span><span class=\"S34AA SC5 S2\" id=\"t2k_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34AB SC5 S2\" id=\"t2l_154\">Wild catch </span><span class=\"S34AC SC5 S2\" id=\"t2m_154\">Norway </span><span class=\"S34AD S170E S2\" id=\"t2n_154\">Hammerfest </span><span class=\"S34AE SC5 S2\" id=\"t2o_154\">49 % </span><span class=\"S34AF SC5 S2\" id=\"t2p_154\">49 % </span><span class=\"S34B0 SC5 S2\" id=\"t2q_154\">2 330 </span><span class=\"S34B1 SC5 S2\" id=\"t2r_154\">Vestv\u00e5g\u00f8y Kystrederi AS </span><span class=\"S34B2 SC5 S2\" id=\"t2s_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34B3 SC5 S2\" id=\"t2t_154\">Wild catch </span><span class=\"S34B4 SC5 S2\" id=\"t2u_154\">Norway </span><span class=\"S34B5 SC5 S2\" id=\"t2v_154\">Vestv\u00e5g\u00f8y </span><span class=\"S34B6 SC5 S2\" id=\"t2w_154\">50 % </span><span class=\"S34B7 SC5 S2\" id=\"t2x_154\">50 % </span><span class=\"S34B8 SC5 S2\" id=\"t2y_154\">2 837 </span><span class=\"S34B9 SC5 S2\" id=\"t2z_154\">Ocean Forest </span><span class=\"S34BA SC5 S2\" id=\"t30_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34BB SC5 S2\" id=\"t31_154\">Farming </span><span class=\"S34BC SC5 S2\" id=\"t32_154\">Norway </span><span class=\"S34BD SC5 S2\" id=\"t33_154\">Bergen </span><span class=\"S34BE SC5 S2\" id=\"t34_154\">50 % </span><span class=\"S34BF SC5 S2\" id=\"t35_154\">50 % </span><span class=\"S34C0 SC5 S2\" id=\"t36_154\">189 </span><span class=\"S34C1 SC5 S2\" id=\"t37_154\">Kirkenes Processing AS </span><span class=\"S34C2 SC5 S2\" id=\"t38_154\">Ler\u00f8y Aurora AS </span><span class=\"S34C3 SC5 S2\" id=\"t39_154\">Farming </span><span class=\"S34C4 SC5 S2\" id=\"t3a_154\">Norway </span><span class=\"S34C5 SC5 S2\" id=\"t3b_154\">Kirkenes </span><span class=\"S34C6 SC5 S2\" id=\"t3c_154\">50 % </span><span class=\"S34C7 SC5 S2\" id=\"t3d_154\">50 % </span><span class=\"S34C8 SC5 S2\" id=\"t3e_154\">1 </span><span class=\"S34C9 SC5 S2\" id=\"t3f_154\">Romsdal Processing AS </span><span class=\"S34CA SC5 S2\" id=\"t3g_154\">Ler\u00f8y Aurora AS </span><span class=\"S34CB SC5 S2\" id=\"t3h_154\">Farming </span><span class=\"S34CC SC5 S2\" id=\"t3i_154\">Norway </span><span class=\"S34CD SC5 S2\" id=\"t3j_154\">Midsund </span><span class=\"S34CE SC5 S2\" id=\"t3k_154\">44 % </span><span class=\"S34CF SC5 S2\" id=\"t3l_154\">44 % </span><span class=\"S34D0 SC5 S2\" id=\"t3m_154\">11 483 </span><span class=\"S34D1 SC5 S2\" id=\"t3n_154\">Norway Salmon AS </span><span class=\"S34D2 SC5 S2\" id=\"t3o_154\">Ler\u00f8y Midt AS </span><span class=\"S34D3 SC5 S2\" id=\"t3p_154\">Farming </span><span class=\"S34D4 SC5 S2\" id=\"t3q_154\">Norway </span><span class=\"S34D5 SC5 S2\" id=\"t3r_154\">R\u00f8rvik </span><span class=\"S34D6 SC5 S2\" id=\"t3s_154\">50 % </span><span class=\"S34D7 SC5 S2\" id=\"t3t_154\">50 % </span><span class=\"S34D8 SC5 S2\" id=\"t3u_154\">533 </span><span class=\"S34D9 SC5 S2\" id=\"t3v_154\">Sporbarhet AS </span><span class=\"S34DA SC5 S2\" id=\"t3w_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34DB SC5 S2\" id=\"t3x_154\">Farming </span><span class=\"S34DC SC5 S2\" id=\"t3y_154\">Norway </span><span class=\"S34DD SC5 S2\" id=\"t3z_154\">Trondheim </span><span class=\"S34DE SC5 S2\" id=\"t40_154\">27 % </span><span class=\"S34DF SC5 S2\" id=\"t41_154\">27 % </span><span class=\"S34E0 SC5 S2\" id=\"t42_154\">2 389 </span><span class=\"S34E1 SC5 S2\" id=\"t43_154\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S34E2 SC5 S2\" id=\"t44_154\">Sirevaag AS </span><span class=\"S34E3 SC5 S2\" id=\"t45_154\">VAPSD * </span><span class=\"S34E4 SC5 S2\" id=\"t46_154\">Norway </span><span class=\"S34E5 SC5 S2\" id=\"t47_154\">H\u00e5 </span><span class=\"S34E6 SC5 S2\" id=\"t48_154\">47 % </span><span class=\"S34E7 SC5 S2\" id=\"t49_154\">47 % </span><span class=\"S34E8 SC5 S2\" id=\"t4a_154\">638 </span><span class=\"S34E9 SC5 S2\" id=\"t4b_154\">The Seafood Innovation Cl. AS </span><span class=\"S34EA SC5 S2\" id=\"t4c_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34EB SC5 S2\" id=\"t4d_154\">VAPSD * </span><span class=\"S34EC SC5 S2\" id=\"t4e_154\">Norway </span><span class=\"S34ED SC5 S2\" id=\"t4f_154\">Bergen </span><span class=\"S34EE SC5 S2\" id=\"t4g_154\">20 % </span><span class=\"S34EF SC5 S2\" id=\"t4h_154\">20 % </span><span class=\"S34F0 SC5 S2\" id=\"t4i_154\">641 </span><span class=\"S34F1 SC5 S2\" id=\"t4j_154\">SCS Industry Aps </span><span class=\"S34F2 S3504 S2\" id=\"t4k_154\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S34F3 SC5 S2\" id=\"t4l_154\">VAPSD </span><span class=\"S34F4 SC5 S2\" id=\"t4m_154\">Denmark </span><span class=\"S34F5 SC5 S2\" id=\"t4n_154\">Hirtshals </span><span class=\"S34F6 SC5 S2\" id=\"t4o_154\">0 % </span><span class=\"S34F7 SC5 S2\" id=\"t4p_154\">50 % </span><span class=\"S34F8 SC5 S2\" id=\"t4q_154\">76 </span><span class=\"S34F9 S269C S2\" id=\"t4r_154\">1) </span><span class=\"S34FA SC4 S2\" id=\"t4s_154\">Total other associates </span><span class=\"S34FB SC4 S2\" id=\"t4t_154\">38 369 </span><span class=\"S34FC SC4 S2\" id=\"t4u_154\">Grand total </span><span class=\"S34FD SC4 S2\" id=\"t4v_154\">1 424 638 </span><span class=\"S34FE SAF1 S2\" id=\"t4w_154\">* VAPSD is short for VAP, sales &amp; distribution (VAP = Value Added Processing) </span><span class=\"S34FF SC5 S2\" id=\"t4x_154\">1) Purchase of shares </span><span class=\"S3500 SC5 S2\" id=\"t4y_154\">2) Sale of shares </span><span class=\"S3505 SC4 S2\" id=\"t1_155\">Seafood </span><span class=\"S3506 SC4 S2\" id=\"t2_155\">Danmark A/S </span><span class=\"S3507 SC4 S2\" id=\"t3_155\">Group </span><span class=\"S3508 SC4 S2\" id=\"t4_155\">Seistar </span><span class=\"S3509 SC4 S2\" id=\"t5_155\">Holding AS </span><span class=\"S350A SC4 S2\" id=\"t6_155\">Group </span><span class=\"S350B SC4 S2\" id=\"t7_155\">Norskott </span><span class=\"S350C SC4 S2\" id=\"t8_155\">Havbruk AS </span><span class=\"S350D SC4 S2\" id=\"t9_155\">Group </span><span class=\"S350E SC4 S2\" id=\"ta_155\">Other </span><span class=\"S350F SC4 S2\" id=\"tb_155\">associates </span><span class=\"S3510 SC4 S2\" id=\"tc_155\">Total </span><span class=\"S3511 SC4 S2\" id=\"td_155\">associates </span><span class=\"S3512 SC4 S2\" id=\"te_155\">Acquisition year </span><span class=\"S3513 SC4 S2\" id=\"tf_155\">2017 </span><span class=\"S3514 SC4 S2\" id=\"tg_155\">2015 </span><span class=\"S3515 SC4 S2\" id=\"th_155\">2001 </span><span class=\"S3516 SC4 S2\" id=\"ti_155\">2021 </span><span class=\"S3517 SC4 S2\" id=\"tj_155\">Opening balance 01.01 </span><span class=\"S3518 SC5 S2\" id=\"tk_155\">139 476 </span><span class=\"S3519 SC5 S2\" id=\"tl_155\">197 789 </span><span class=\"S351A SC5 S2\" id=\"tm_155\">682 503 </span><span class=\"S351B SC5 S2\" id=\"tn_155\">35 694 </span><span class=\"S351C SC4 S2\" id=\"to_155\">1 055 463 </span><span class=\"S351D SC5 S2\" id=\"tp_155\">Companies acquired </span><span class=\"S351E SC5 S2\" id=\"tq_155\">305 500 </span><span class=\"S351F SC5 S2\" id=\"tr_155\">2 250 </span><span class=\"S3520 SC4 S2\" id=\"ts_155\">307 750 </span><span class=\"S3521 SC5 S2\" id=\"tt_155\">Change from associated company to subsidiary </span><span class=\"S3522 SC5 S2\" id=\"tu_155\">-125 350 </span><span class=\"S3523 SC5 S2\" id=\"tv_155\">-4 417 </span><span class=\"S3524 SC4 S2\" id=\"tw_155\">-129 767 </span><span class=\"S3525 SC5 S2\" id=\"tx_155\">Companies sold </span><span class=\"S3526 SC5 S2\" id=\"ty_155\">-61 </span><span class=\"S3527 SC4 S2\" id=\"tz_155\">-61 </span><span class=\"S3528 SC5 S2\" id=\"t10_155\">Share of this year's pro\ufb01t </span><span class=\"S3529 SC5 S2\" id=\"t11_155\">5 992 </span><span class=\"S352A SC5 S2\" id=\"t12_155\">20 893 </span><span class=\"S352B SC5 S2\" id=\"t13_155\">93 577 </span><span class=\"S352C SC5 S2\" id=\"t14_155\">1 039 </span><span class=\"S352D SC4 S2\" id=\"t15_155\">121 502 </span><span class=\"S352E SC5 S2\" id=\"t16_155\">Dividend distributed </span><span class=\"S352F SC5 S2\" id=\"t17_155\">-13 514 </span><span class=\"S3530 SC4 S2\" id=\"t18_155\">-13 514 </span><span class=\"S3531 SC5 S2\" id=\"t19_155\">Currency translation differences * </span><span class=\"S3532 SC5 S2\" id=\"t1a_155\">-6 605 </span><span class=\"S3533 SC5 S2\" id=\"t1b_155\">14 196 </span><span class=\"S3534 SC4 S2\" id=\"t1c_155\">7 591 </span><span class=\"S3535 SC5 S2\" id=\"t1d_155\">Other changes over equity </span><span class=\"S3536 SC5 S2\" id=\"t1e_155\">-892 </span><span class=\"S3537 SC4 S2\" id=\"t1f_155\">-892 </span><span class=\"S3538 SC4 S2\" id=\"t1g_155\">Closing balance as of 31.12 </span><span class=\"S3539 SC4 S2\" id=\"t1h_155\">0 </span><span class=\"S353A SC4 S2\" id=\"t1i_155\">218 682 </span><span class=\"S353B SC4 S2\" id=\"t1j_155\">1 094 884 </span><span class=\"S353C SC4 S2\" id=\"t1k_155\">34 505 </span><span class=\"S353D SC4 S2\" id=\"t1l_155\">1 348 072 </span><span class=\"S33D2 SC5 S2\" id=\"t1m_155\">Acquisition cost </span><span class=\"S353E SC5 S2\" id=\"t1n_155\">86 500 </span><span class=\"S353F SC5 S2\" id=\"t1o_155\">468 773 </span><span class=\"S3540 SC4 S2\" id=\"t1p_155\">Income from joint ventures and associates </span><span class=\"S3541 SC5 S2\" id=\"t1q_155\">Share of this year's pro\ufb01t </span><span class=\"S3542 SC5 S2\" id=\"t1r_155\">5 992 </span><span class=\"S3543 SC5 S2\" id=\"t1s_155\">20 893 </span><span class=\"S3544 SC5 S2\" id=\"t1t_155\">93 577 </span><span class=\"S3545 SC5 S2\" id=\"t1u_155\">1 039 </span><span class=\"S3546 SC4 S2\" id=\"t1v_155\">121 502 </span><span class=\"S3547 SC4 S2\" id=\"t1w_155\">Total </span><span class=\"S3548 SC4 S2\" id=\"t1x_155\">5 992 </span><span class=\"S3549 SC4 S2\" id=\"t1y_155\">20 893 </span><span class=\"S354A SC4 S2\" id=\"t1z_155\">93 577 </span><span class=\"S354B SC4 S2\" id=\"t20_155\">1 039 </span><span class=\"S354C SC4 S2\" id=\"t21_155\">121 502 </span><span class=\"S354D SC5 S2\" id=\"t22_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S354E SC5 S2\" id=\"t23_155\">6 022 </span><span class=\"S354F SC4 S2\" id=\"t24_155\">6 022 </span><span class=\"S3550 SC4 S2\" id=\"t25_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S3551 SC4 S2\" id=\"t26_155\">5 992 </span><span class=\"S3552 SC4 S2\" id=\"t27_155\">20 893 </span><span class=\"S3553 SC4 S2\" id=\"t28_155\">87 555 </span><span class=\"S3554 SC4 S2\" id=\"t29_155\">1 039 </span><span class=\"S3555 SC4 S2\" id=\"t2a_155\">115 479 </span><span class=\"S3556 SC4 S2\" id=\"t2b_155\">2022 </span><span class=\"S3557 SC4 S2\" id=\"t2c_155\">Opening balance 01.01 </span><span class=\"S3558 SC4 S2\" id=\"t2d_155\">0 </span><span class=\"S3559 SC4 S2\" id=\"t2e_155\">218 682 </span><span class=\"S355A SC4 S2\" id=\"t2f_155\">1 094 884 </span><span class=\"S355B SC4 S2\" id=\"t2g_155\">34 505 </span><span class=\"S355C SC4 S2\" id=\"t2h_155\">1 348 072 </span><span class=\"S355D SC5 S2\" id=\"t2i_155\">Companies acquired </span><span class=\"S355E SC5 S2\" id=\"t2j_155\">716 </span><span class=\"S355F SC4 S2\" id=\"t2k_155\">716 </span><span class=\"S3560 SC5 S2\" id=\"t2l_155\">Companies sold </span><span class=\"S3561 SC5 S2\" id=\"t2m_155\">-10 </span><span class=\"S3562 SC4 S2\" id=\"t2n_155\">-10 </span><span class=\"S3563 SC5 S2\" id=\"t2o_155\">Share of this year's pro\ufb01t </span><span class=\"S3564 SC5 S2\" id=\"t2p_155\">20 731 </span><span class=\"S3565 SC5 S2\" id=\"t2q_155\">41 492 </span><span class=\"S3566 SC5 S2\" id=\"t2r_155\">3 156 </span><span class=\"S3567 SC4 S2\" id=\"t2s_155\">65 379 </span><span class=\"S3568 SC5 S2\" id=\"t2t_155\">Dividend distributed </span><span class=\"S3569 SC5 S2\" id=\"t2u_155\">-6 000 </span><span class=\"S356A SC4 S2\" id=\"t2v_155\">-6 000 </span><span class=\"S356B SC5 S2\" id=\"t2w_155\">Currency translation differences * </span><span class=\"S356C SC5 S2\" id=\"t2x_155\">1 917 </span><span class=\"S356D SC5 S2\" id=\"t2y_155\">2 </span><span class=\"S356E SC4 S2\" id=\"t2z_155\">1 919 </span><span class=\"S356F SC5 S2\" id=\"t30_155\">Other changes over equity </span><span class=\"S3570 SC5 S2\" id=\"t31_155\">14 562 </span><span class=\"S3571 SC4 S2\" id=\"t32_155\">14 562 </span><span class=\"S3572 SC4 S2\" id=\"t33_155\">Closing balance as of 31.12 </span><span class=\"S3573 SC4 S2\" id=\"t34_155\">0 </span><span class=\"S3574 SC4 S2\" id=\"t35_155\">233 413 </span><span class=\"S3575 SC4 S2\" id=\"t36_155\">1 152 855 </span><span class=\"S3576 SC4 S2\" id=\"t37_155\">38 369 </span><span class=\"S3577 SC4 S2\" id=\"t38_155\">1 424 638 </span><span class=\"S3578 SC5 S2\" id=\"t39_155\">Acquisition cost </span><span class=\"S3579 SC4 S2\" id=\"t3a_155\">Income from joint ventures and associates </span><span class=\"S357A SC5 S2\" id=\"t3b_155\">Share of this year's pro\ufb01t </span><span class=\"S357B SC5 S2\" id=\"t3c_155\">0 </span><span class=\"S357C SC5 S2\" id=\"t3d_155\">20 731 </span><span class=\"S357D SC5 S2\" id=\"t3e_155\">41 492 </span><span class=\"S357E SC5 S2\" id=\"t3f_155\">3 156 </span><span class=\"S357F SC4 S2\" id=\"t3g_155\">65 379 </span><span class=\"S3580 SC5 S2\" id=\"t3h_155\">Gain from disposal of associate </span><span class=\"S3581 SC5 S2\" id=\"t3i_155\">296 </span><span class=\"S3582 SC4 S2\" id=\"t3j_155\">296 </span><span class=\"S3583 SC4 S2\" id=\"t3k_155\">Total </span><span class=\"S3584 SC4 S2\" id=\"t3l_155\">0 </span><span class=\"S3585 SC4 S2\" id=\"t3m_155\">20 731 </span><span class=\"S3586 SC4 S2\" id=\"t3n_155\">41 492 </span><span class=\"S3587 SC4 S2\" id=\"t3o_155\">3 452 </span><span class=\"S3588 SC4 S2\" id=\"t3p_155\">65 675 </span><span class=\"S3589 SC5 S2\" id=\"t3q_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S358A SC5 S2\" id=\"t3r_155\">11 982 </span><span class=\"S358B SC4 S2\" id=\"t3s_155\">11 982 </span><span class=\"S358C SC4 S2\" id=\"t3t_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S358D SC4 S2\" id=\"t3u_155\">0 </span><span class=\"S358E SC4 S2\" id=\"t3v_155\">20 731 </span><span class=\"S358F SC4 S2\" id=\"t3w_155\">29 510 </span><span class=\"S3590 SC4 S2\" id=\"t3x_155\">3 452 </span><span class=\"S3591 SC4 S2\" id=\"t3y_155\">53 693 </span><span class=\"S3592 SAF1 S2\" id=\"t3z_155\">* Currency translation differences relate to translation for the sub-group Scottish Seafarms, owned by Norskott Havbruk AS, where functional </span><span class=\"S3593 SAF1 S2\" id=\"t40_155\">and reporting currency is GBP. </span><span class=\"S3594 S1C40 S2\" id=\"t41_155\">Carrying value on and income from joint ventures and associated companies </span><span class=\"S3596 SC7 S2\" id=\"t1_156\">Other information on joint ventures and associates considered material to the Group </span><span class=\"S3597 S1C40 S2\" id=\"t2_156\">Information on material transactions </span><span class=\"S2358 SC8 S2\" id=\"t3_156\">It has not been any material transactions with joint ventures or associates in 2022. </span><span class=\"S219C S1C40 S2\" id=\"t4_156\">Information on subsidiaries </span><span class=\"S3598 S1C40 S2\" id=\"t5_156\">Financial information (100%) </span><span class=\"S3599 SC8 S2\" id=\"t6_156\">The accounting \ufb01gures for associates, as shown below, are prepared in accordance with IFRS. </span><span class=\"S359A SC8 S2\" id=\"t7_156\">The \ufb01gures are based on priliminary annual accounts, as the \ufb01nal annual accounts are not submitted. </span><span class=\"S359B SC4 S2\" id=\"t8_156\">Company </span><span class=\"S359C SC4 S2\" id=\"t9_156\">Owner (JV or subsidiary of JV) </span><span class=\"S359D SC4 S2\" id=\"ta_156\">Operating </span><span class=\"S359E SC4 S2\" id=\"tb_156\">segment </span><span class=\"S359F SC4 S2\" id=\"tc_156\">Country </span><span class=\"S35A0 SC4 S2\" id=\"td_156\">Ownership/ </span><span class=\"S35A1 SC4 S2\" id=\"te_156\">voting share </span><span class=\"S35A2 SC4 S2\" id=\"tf_156\">01.01 </span><span class=\"S35A3 SC4 S2\" id=\"tg_156\">Ownership/ </span><span class=\"S35A4 SC4 S2\" id=\"th_156\">voting share </span><span class=\"S35A5 SC4 S2\" id=\"ti_156\">31.12 </span><span class=\"S35A6 SC5 S2\" id=\"tj_156\">Scottish Seafarms Ltd * </span><span class=\"S35A7 SC5 S2\" id=\"tk_156\">Norskott Havbruk AS </span><span class=\"S35A8 SC5 S2\" id=\"tl_156\">Farming </span><span class=\"S35A9 SC5 S2\" id=\"tm_156\">Scotland </span><span class=\"S35AA SC5 S2\" id=\"tn_156\">100 % </span><span class=\"S35AB SC5 S2\" id=\"to_156\">100 % </span><span class=\"S35AC SC5 S2\" id=\"tp_156\">Ettrick Trout Ltd </span><span class=\"S35AD SC5 S2\" id=\"tq_156\">Scottish Seafarms Ltd </span><span class=\"S35AE SC5 S2\" id=\"tr_156\">Farming </span><span class=\"S35AF SC5 S2\" id=\"ts_156\">Scotland </span><span class=\"S35B0 SC5 S2\" id=\"tt_156\">100 % </span><span class=\"S35B1 SC5 S2\" id=\"tu_156\">100 % </span><span class=\"S35B2 SC5 S2\" id=\"tv_156\">Orkney Sea Farms Ltd </span><span class=\"S35B3 SC5 S2\" id=\"tw_156\">Ettrick Trout Ltd </span><span class=\"S35B4 SC5 S2\" id=\"tx_156\">Farming </span><span class=\"S35B5 SC5 S2\" id=\"ty_156\">Scotland </span><span class=\"S35B6 SC5 S2\" id=\"tz_156\">100 % </span><span class=\"S35B7 SC5 S2\" id=\"t10_156\">100 % </span><span class=\"S35B8 SC5 S2\" id=\"t11_156\">SSF Hjaltland </span><span class=\"S35B9 SC5 S2\" id=\"t12_156\">Scottish Seafarms Ltd </span><span class=\"S35BA SC5 S2\" id=\"t13_156\">Farming </span><span class=\"S35BB SC5 S2\" id=\"t14_156\">Scotland </span><span class=\"S35BC SC5 S2\" id=\"t15_156\">100 % </span><span class=\"S35BD SC5 S2\" id=\"t16_156\">100 % </span><span class=\"S35BE SC5 S2\" id=\"t17_156\">SSF Shetland </span><span class=\"S35BF SC5 S2\" id=\"t18_156\">SSF Hjaltland </span><span class=\"S35C0 SC5 S2\" id=\"t19_156\">Farming </span><span class=\"S35C1 SC5 S2\" id=\"t1a_156\">Scotland </span><span class=\"S35C2 SC5 S2\" id=\"t1b_156\">100 % </span><span class=\"S35C3 SC5 S2\" id=\"t1c_156\">100 % </span><span class=\"S35C4 SC5 S2\" id=\"t1d_156\">Isle of Skye Salmon </span><span class=\"S35C5 SC5 S2\" id=\"t1e_156\">SSF Hjaltland </span><span class=\"S35C6 SC5 S2\" id=\"t1f_156\">Farming </span><span class=\"S35C7 SC5 S2\" id=\"t1g_156\">Scotland </span><span class=\"S35C8 SC5 S2\" id=\"t1h_156\">100 % </span><span class=\"S35C9 SC5 S2\" id=\"t1i_156\">100 % </span><span class=\"S35CA SC5 S2\" id=\"t1j_156\">Mowi Star AS </span><span class=\"S35CB SC5 S2\" id=\"t1k_156\">Seistar Holding AS </span><span class=\"S35CC SC5 S2\" id=\"t1l_156\">Farming </span><span class=\"S35CD SC5 S2\" id=\"t1m_156\">Norway </span><span class=\"S35CE SC5 S2\" id=\"t1n_156\">100 % </span><span class=\"S35CF SC5 S2\" id=\"t1o_156\">100 % </span><span class=\"S35D0 SC5 S2\" id=\"t1p_156\">Seiv\u00e5g Shipping AS </span><span class=\"S35D1 SC5 S2\" id=\"t1q_156\">Seistar Holding AS </span><span class=\"S35D2 SC5 S2\" id=\"t1r_156\">Farming </span><span class=\"S35D3 SC5 S2\" id=\"t1s_156\">Norway </span><span class=\"S35D4 SC5 S2\" id=\"t1t_156\">100 % </span><span class=\"S35D5 SC5 S2\" id=\"t1u_156\">100 % </span><span class=\"S35D6 SC5 S2\" id=\"t1v_156\">Seigrunn AS </span><span class=\"S35D7 SC5 S2\" id=\"t1w_156\">Seistar Holding AS </span><span class=\"S35D8 SC5 S2\" id=\"t1x_156\">Farming </span><span class=\"S35D9 SC5 S2\" id=\"t1y_156\">Norway </span><span class=\"S35DA SC5 S2\" id=\"t1z_156\">100 % </span><span class=\"S35DB SC5 S2\" id=\"t20_156\">100 % </span><span class=\"S35DC SAF1 S2\" id=\"t21_156\">* Dormant subsidiaries are not included in this table </span><span class=\"S35DD SC4 S2\" id=\"t22_156\">Seistar Holding AS Group </span><span class=\"S35DE SC4 S2\" id=\"t23_156\">Norskott Havbruk AS Group </span><span class=\"S35DF SC4 S2\" id=\"t24_156\">Consolidated \ufb01gures </span><span class=\"S35E0 SC4 S2\" id=\"t25_156\">2022 </span><span class=\"S35E1 SC4 S2\" id=\"t26_156\">2021 </span><span class=\"S35E2 SC4 S2\" id=\"t27_156\">2022 </span><span class=\"S35E3 SC4 S2\" id=\"t28_156\">2021 </span><span class=\"S35E4 SC5 S2\" id=\"t29_156\">Revenue </span><span class=\"S35E5 SC5 S2\" id=\"t2a_156\">270 553 </span><span class=\"S35E6 SC5 S2\" id=\"t2b_156\">232 438 </span><span class=\"S35E7 SC5 S2\" id=\"t2c_156\">3 187 853 </span><span class=\"S35E8 SC5 S2\" id=\"t2d_156\">2 306 955 </span><span class=\"S35E9 SC5 S2\" id=\"t2e_156\">Other gains (+) and losses (-) </span><span class=\"S35EA SC5 S2\" id=\"t2f_156\">0 </span><span class=\"S35EB SC5 S2\" id=\"t2g_156\">0 </span><span class=\"S35EC SC5 S2\" id=\"t2h_156\">0 </span><span class=\"S35ED SC5 S2\" id=\"t2i_156\">0 </span><span class=\"S35EE SC5 S2\" id=\"t2j_156\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S35EF SC5 S2\" id=\"t2k_156\">53 212 </span><span class=\"S35F0 SC5 S2\" id=\"t2l_156\">50 107 </span><span class=\"S35F1 SC5 S2\" id=\"t2m_156\">214 280 </span><span class=\"S35F2 SC5 S2\" id=\"t2n_156\">244 301 </span><span class=\"S35F3 SC5 S2\" id=\"t2o_156\">Operating pro\ufb01t (EBIT) </span><span class=\"S35F4 SC5 S2\" id=\"t2p_156\">53 212 </span><span class=\"S35F5 SC5 S2\" id=\"t2q_156\">50 107 </span><span class=\"S35F6 SC5 S2\" id=\"t2r_156\">245 003 </span><span class=\"S35F7 SC5 S2\" id=\"t2s_156\">259 743 </span><span class=\"S35F8 SC5 S2\" id=\"t2t_156\">Pre-tax pro\ufb01t </span><span class=\"S35F9 SC5 S2\" id=\"t2u_156\">42 576 </span><span class=\"S35FA SC5 S2\" id=\"t2v_156\">39 705 </span><span class=\"S35FB SC5 S2\" id=\"t2w_156\">165 813 </span><span class=\"S35FC SC5 S2\" id=\"t2x_156\">242 142 </span><span class=\"S35FD SC5 S2\" id=\"t2y_156\">Annual pro\ufb01t </span><span class=\"S35FE SC5 S2\" id=\"t2z_156\">41 786 </span><span class=\"S35FF SC5 S2\" id=\"t30_156\">37 961 </span><span class=\"S3600 SC5 S2\" id=\"t31_156\">82 984 </span><span class=\"S3601 SC5 S2\" id=\"t32_156\">187 154 </span><span class=\"S3602 SC5 S2\" id=\"t33_156\">Other comprehensive income </span><span class=\"S3603 SC5 S2\" id=\"t34_156\">0 </span><span class=\"S3604 SC5 S2\" id=\"t35_156\">0 </span><span class=\"S3605 SC5 S2\" id=\"t36_156\">29 124 </span><span class=\"S3606 SC5 S2\" id=\"t37_156\">26 607 </span><span class=\"S3607 SC5 S2\" id=\"t38_156\">Fixed assets </span><span class=\"S3608 SC5 S2\" id=\"t39_156\">710 797 </span><span class=\"S3609 SC5 S2\" id=\"t3a_156\">738 472 </span><span class=\"S360A SC5 S2\" id=\"t3b_156\">3 403 086 </span><span class=\"S360B SC5 S2\" id=\"t3c_156\">3 275 822 </span><span class=\"S360C SC5 S2\" id=\"t3d_156\">Current assets </span><span class=\"S360D SC5 S2\" id=\"t3e_156\">123 241 </span><span class=\"S360E SC5 S2\" id=\"t3f_156\">88 863 </span><span class=\"S360F SC5 S2\" id=\"t3g_156\">1 823 850 </span><span class=\"S3610 SC5 S2\" id=\"t3h_156\">2 127 087 </span><span class=\"S3611 SC4 S2\" id=\"t3i_156\">Total assets </span><span class=\"S3612 SC4 S2\" id=\"t3j_156\">834 038 </span><span class=\"S3613 SC4 S2\" id=\"t3k_156\">827 335 </span><span class=\"S3614 SC4 S2\" id=\"t3l_156\">5 226 936 </span><span class=\"S3615 SC4 S2\" id=\"t3m_156\">5 402 909 </span><span class=\"S3616 SC5 S2\" id=\"t3n_156\">Long-term debt </span><span class=\"S3617 SC5 S2\" id=\"t3o_156\">366 862 </span><span class=\"S3618 SC5 S2\" id=\"t3p_156\">399 123 </span><span class=\"S3619 SC5 S2\" id=\"t3q_156\">2 080 765 </span><span class=\"S361A SC5 S2\" id=\"t3r_156\">2 414 833 </span><span class=\"S361B SC5 S2\" id=\"t3s_156\">Short-term debt </span><span class=\"S361C SC5 S2\" id=\"t3t_156\">41 363 </span><span class=\"S361D SC5 S2\" id=\"t3u_156\">38 185 </span><span class=\"S361E SC5 S2\" id=\"t3v_156\">840 460 </span><span class=\"S361F SC5 S2\" id=\"t3w_156\">798 309 </span><span class=\"S3620 SC4 S2\" id=\"t3x_156\">Total debt </span><span class=\"S3621 SC4 S2\" id=\"t3y_156\">408 225 </span><span class=\"S3622 SC4 S2\" id=\"t3z_156\">437 308 </span><span class=\"S3623 SC4 S2\" id=\"t40_156\">2 921 225 </span><span class=\"S3624 SC4 S2\" id=\"t41_156\">3 213 142 </span><span class=\"S3625 SC5 S2\" id=\"t42_156\">Net interest-bearing debt </span><span class=\"S3626 SC5 S2\" id=\"t43_156\">267 607 </span><span class=\"S3627 SC5 S2\" id=\"t44_156\">331 129 </span><span class=\"S3628 SC5 S2\" id=\"t45_156\">2 037 486 </span><span class=\"S3629 SC5 S2\" id=\"t46_156\">2 234 320 </span><span class=\"S362A SC4 S2\" id=\"t47_156\">Equity </span><span class=\"S362B SC4 S2\" id=\"t48_156\">425 813 </span><span class=\"S362C SC4 S2\" id=\"t49_156\">390 027 </span><span class=\"S362D SC4 S2\" id=\"t4a_156\">2 305 711 </span><span class=\"S362E SC4 S2\" id=\"t4b_156\">2 189 767 </span><span class=\"S362F S18EC S2\" id=\"t4j_156\">NOTE 10 cont. </span><span class=\"S3503 S18EC S2\" id=\"t4k_156\">Shares in joint ventures, associates and other investments </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f16915": {
   "value": "<span class=\"S3502 S18EC S2\" id=\"t56_154\">NOTE 10 </span><span class=\"S3503 S18EC S2\" id=\"t57_154\">Shares in joint ventures, associates and other investments </span><span class=\"S3452 SC7 S2\" id=\"t1_154\">Shares in joint ventures and associates </span><span class=\"S3453 S1C40 S2\" id=\"t2_154\">Classi\ufb01cation </span><span class=\"S3454 SC8 S2\" id=\"t3_154\">The joint ventures and associated </span><span class=\"S3455 SC8 S2\" id=\"t4_154\">companies in the group are listed in </span><span class=\"S3456 SC8 S2\" id=\"t5_154\">the table below, and each company </span><span class=\"S2229 SC8 S2\" id=\"t6_154\">is allocated to operating segment. </span><span class=\"S1BD2 SC8 S2\" id=\"t7_154\">Changes during the year are also </span><span class=\"S3457 SC8 S2\" id=\"t8_154\">included. Net book value is recognised </span><span class=\"S3458 SC8 S2\" id=\"t9_154\">according to the equity method. </span><span class=\"S3459 SC8 S2\" id=\"ta_154\">The companies de\ufb01ned as joint </span><span class=\"S345A SC8 S2\" id=\"tb_154\">ventures (from 2022) are classi\ufb01ed as </span><span class=\"S2540 SC8 S2\" id=\"tc_154\">material. The remaining companies </span><span class=\"S345B SC8 S2\" id=\"td_154\">are de\ufb01ned as associates, and they </span><span class=\"S345C SC8 S2\" id=\"te_154\">are classi\ufb01ed as not material. </span><span class=\"S345D SC4 S2\" id=\"tf_154\">Company </span><span class=\"S345E SC4 S2\" id=\"tg_154\">Owner (in LSG group) </span><span class=\"S345F SC4 S2\" id=\"th_154\">Operating </span><span class=\"S3460 SC4 S2\" id=\"ti_154\">segment </span><span class=\"S3461 SC4 S2\" id=\"tj_154\">Country </span><span class=\"S3462 SC4 S2\" id=\"tk_154\">Place of </span><span class=\"S3463 SC4 S2\" id=\"tl_154\">business </span><span class=\"S3464 SC4 S2\" id=\"tm_154\">Ownership </span><span class=\"S3465 SC4 S2\" id=\"tn_154\">/voting </span><span class=\"S3466 SC4 S2\" id=\"to_154\">share 01.01 </span><span class=\"S3467 SC4 S2\" id=\"tp_154\">Ownership </span><span class=\"S3468 SC4 S2\" id=\"tq_154\">/voting </span><span class=\"S3469 SC4 S2\" id=\"tr_154\">share 31.12 </span><span class=\"S346A SC4 S2\" id=\"ts_154\">Net book </span><span class=\"S346B SC4 S2\" id=\"tt_154\">value 31.12 </span><span class=\"S346C SC4 S2\" id=\"tu_154\">Joint ventures (JV) </span><span class=\"S346D SC5 S2\" id=\"tv_154\">Norskott Havbruk AS - group </span><span class=\"S346E SC5 S2\" id=\"tw_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S346F SC5 S2\" id=\"tx_154\">Farming </span><span class=\"S3470 SC5 S2\" id=\"ty_154\">Norway </span><span class=\"S3471 SC5 S2\" id=\"tz_154\">Bergen </span><span class=\"S3472 SC5 S2\" id=\"t10_154\">50 % </span><span class=\"S3473 SC5 S2\" id=\"t11_154\">50 % </span><span class=\"S3474 SC5 S2\" id=\"t12_154\">1 152 856 </span><span class=\"S3475 SC5 S2\" id=\"t13_154\">Seistar Holding AS - group </span><span class=\"S3476 SC5 S2\" id=\"t14_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S3477 SC5 S2\" id=\"t15_154\">Farming </span><span class=\"S3478 SC5 S2\" id=\"t16_154\">Norway </span><span class=\"S3479 SC5 S2\" id=\"t17_154\">Austevoll </span><span class=\"S347A SC5 S2\" id=\"t18_154\">50 % </span><span class=\"S347B SC5 S2\" id=\"t19_154\">50 % </span><span class=\"S347C SC5 S2\" id=\"t1a_154\">233 413 </span><span class=\"S347D SC4 S2\" id=\"t1b_154\">Total material associates </span><span class=\"S347E SC5 S2\" id=\"t1c_154\">1 386 269 </span><span class=\"S347F SC4 S2\" id=\"t1d_154\">Associated companies (AC) </span><span class=\"S3480 SC5 S2\" id=\"t1e_154\">Nesset Kyst\ufb01ske AS </span><span class=\"S3481 SC5 S2\" id=\"t1f_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S3482 SC5 S2\" id=\"t1g_154\">Wild catch </span><span class=\"S3483 SC5 S2\" id=\"t1h_154\">Norway </span><span class=\"S3484 SC5 S2\" id=\"t1i_154\">Hasvik </span><span class=\"S3485 SC5 S2\" id=\"t1j_154\">34 % </span><span class=\"S3486 SC5 S2\" id=\"t1k_154\">34 % </span><span class=\"S3487 SC5 S2\" id=\"t1l_154\">936 </span><span class=\"S3488 SC5 S2\" id=\"t1m_154\">Holmen Fiske AS </span><span class=\"S3489 SC5 S2\" id=\"t1n_154\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS </span><span class=\"S348A SC5 S2\" id=\"t1o_154\">Wild catch </span><span class=\"S348B SC5 S2\" id=\"t1p_154\">Norway </span><span class=\"S348C SC5 S2\" id=\"t1q_154\">Hasvik </span><span class=\"S348D SC5 S2\" id=\"t1r_154\">34 % </span><span class=\"S348E SC5 S2\" id=\"t1s_154\">33 % </span><span class=\"S348F SC5 S2\" id=\"t1t_154\">7 753 </span><span class=\"S3490 S269C S2\" id=\"t1u_154\">2) </span><span class=\"S3491 SC5 S2\" id=\"t1v_154\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S3492 SC5 S2\" id=\"t1w_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S3493 SC5 S2\" id=\"t1x_154\">Wild catch </span><span class=\"S3494 SC5 S2\" id=\"t1y_154\">Norway </span><span class=\"S3495 SC5 S2\" id=\"t1z_154\">B\u00e5tsfjord </span><span class=\"S3496 SC5 S2\" id=\"t20_154\">28 % </span><span class=\"S3497 SC5 S2\" id=\"t21_154\">28 % </span><span class=\"S3498 SC5 S2\" id=\"t22_154\">308 </span><span class=\"S3499 SC5 S2\" id=\"t23_154\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S349A SC5 S2\" id=\"t24_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S349B SC5 S2\" id=\"t25_154\">Wild catch </span><span class=\"S349C SC5 S2\" id=\"t26_154\">Norway </span><span class=\"S349D SC5 S2\" id=\"t27_154\">B\u00e5tsfjord </span><span class=\"S349E SC5 S2\" id=\"t28_154\">34 % </span><span class=\"S349F SC5 S2\" id=\"t29_154\">34 % </span><span class=\"S34A0 SC5 S2\" id=\"t2a_154\">362 </span><span class=\"S34A1 SC5 S2\" id=\"t2b_154\">Itub AS </span><span class=\"S34A2 SC5 S2\" id=\"t2c_154\">Ler\u00f8y Norway Seafoods AS </span><span class=\"S34A3 SC5 S2\" id=\"t2d_154\">Wild catch </span><span class=\"S34A4 SC5 S2\" id=\"t2e_154\">Norway </span><span class=\"S34A5 SC5 S2\" id=\"t2f_154\">\u00c5lesund </span><span class=\"S34A6 SC5 S2\" id=\"t2g_154\">22 % </span><span class=\"S34A7 SC5 S2\" id=\"t2h_154\">22 % </span><span class=\"S34A8 SC5 S2\" id=\"t2i_154\">7 893 </span><span class=\"S34A9 SC5 S2\" id=\"t2j_154\">Finnmark Kyst\ufb01ske AS </span><span class=\"S34AA SC5 S2\" id=\"t2k_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34AB SC5 S2\" id=\"t2l_154\">Wild catch </span><span class=\"S34AC SC5 S2\" id=\"t2m_154\">Norway </span><span class=\"S34AD S170E S2\" id=\"t2n_154\">Hammerfest </span><span class=\"S34AE SC5 S2\" id=\"t2o_154\">49 % </span><span class=\"S34AF SC5 S2\" id=\"t2p_154\">49 % </span><span class=\"S34B0 SC5 S2\" id=\"t2q_154\">2 330 </span><span class=\"S34B1 SC5 S2\" id=\"t2r_154\">Vestv\u00e5g\u00f8y Kystrederi AS </span><span class=\"S34B2 SC5 S2\" id=\"t2s_154\">Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S34B3 SC5 S2\" id=\"t2t_154\">Wild catch </span><span class=\"S34B4 SC5 S2\" id=\"t2u_154\">Norway </span><span class=\"S34B5 SC5 S2\" id=\"t2v_154\">Vestv\u00e5g\u00f8y </span><span class=\"S34B6 SC5 S2\" id=\"t2w_154\">50 % </span><span class=\"S34B7 SC5 S2\" id=\"t2x_154\">50 % </span><span class=\"S34B8 SC5 S2\" id=\"t2y_154\">2 837 </span><span class=\"S34B9 SC5 S2\" id=\"t2z_154\">Ocean Forest </span><span class=\"S34BA SC5 S2\" id=\"t30_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34BB SC5 S2\" id=\"t31_154\">Farming </span><span class=\"S34BC SC5 S2\" id=\"t32_154\">Norway </span><span class=\"S34BD SC5 S2\" id=\"t33_154\">Bergen </span><span class=\"S34BE SC5 S2\" id=\"t34_154\">50 % </span><span class=\"S34BF SC5 S2\" id=\"t35_154\">50 % </span><span class=\"S34C0 SC5 S2\" id=\"t36_154\">189 </span><span class=\"S34C1 SC5 S2\" id=\"t37_154\">Kirkenes Processing AS </span><span class=\"S34C2 SC5 S2\" id=\"t38_154\">Ler\u00f8y Aurora AS </span><span class=\"S34C3 SC5 S2\" id=\"t39_154\">Farming </span><span class=\"S34C4 SC5 S2\" id=\"t3a_154\">Norway </span><span class=\"S34C5 SC5 S2\" id=\"t3b_154\">Kirkenes </span><span class=\"S34C6 SC5 S2\" id=\"t3c_154\">50 % </span><span class=\"S34C7 SC5 S2\" id=\"t3d_154\">50 % </span><span class=\"S34C8 SC5 S2\" id=\"t3e_154\">1 </span><span class=\"S34C9 SC5 S2\" id=\"t3f_154\">Romsdal Processing AS </span><span class=\"S34CA SC5 S2\" id=\"t3g_154\">Ler\u00f8y Aurora AS </span><span class=\"S34CB SC5 S2\" id=\"t3h_154\">Farming </span><span class=\"S34CC SC5 S2\" id=\"t3i_154\">Norway </span><span class=\"S34CD SC5 S2\" id=\"t3j_154\">Midsund </span><span class=\"S34CE SC5 S2\" id=\"t3k_154\">44 % </span><span class=\"S34CF SC5 S2\" id=\"t3l_154\">44 % </span><span class=\"S34D0 SC5 S2\" id=\"t3m_154\">11 483 </span><span class=\"S34D1 SC5 S2\" id=\"t3n_154\">Norway Salmon AS </span><span class=\"S34D2 SC5 S2\" id=\"t3o_154\">Ler\u00f8y Midt AS </span><span class=\"S34D3 SC5 S2\" id=\"t3p_154\">Farming </span><span class=\"S34D4 SC5 S2\" id=\"t3q_154\">Norway </span><span class=\"S34D5 SC5 S2\" id=\"t3r_154\">R\u00f8rvik </span><span class=\"S34D6 SC5 S2\" id=\"t3s_154\">50 % </span><span class=\"S34D7 SC5 S2\" id=\"t3t_154\">50 % </span><span class=\"S34D8 SC5 S2\" id=\"t3u_154\">533 </span><span class=\"S34D9 SC5 S2\" id=\"t3v_154\">Sporbarhet AS </span><span class=\"S34DA SC5 S2\" id=\"t3w_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34DB SC5 S2\" id=\"t3x_154\">Farming </span><span class=\"S34DC SC5 S2\" id=\"t3y_154\">Norway </span><span class=\"S34DD SC5 S2\" id=\"t3z_154\">Trondheim </span><span class=\"S34DE SC5 S2\" id=\"t40_154\">27 % </span><span class=\"S34DF SC5 S2\" id=\"t41_154\">27 % </span><span class=\"S34E0 SC5 S2\" id=\"t42_154\">2 389 </span><span class=\"S34E1 SC5 S2\" id=\"t43_154\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S34E2 SC5 S2\" id=\"t44_154\">Sirevaag AS </span><span class=\"S34E3 SC5 S2\" id=\"t45_154\">VAPSD * </span><span class=\"S34E4 SC5 S2\" id=\"t46_154\">Norway </span><span class=\"S34E5 SC5 S2\" id=\"t47_154\">H\u00e5 </span><span class=\"S34E6 SC5 S2\" id=\"t48_154\">47 % </span><span class=\"S34E7 SC5 S2\" id=\"t49_154\">47 % </span><span class=\"S34E8 SC5 S2\" id=\"t4a_154\">638 </span><span class=\"S34E9 SC5 S2\" id=\"t4b_154\">The Seafood Innovation Cl. AS </span><span class=\"S34EA SC5 S2\" id=\"t4c_154\">Ler\u00f8y Seafood Group ASA </span><span class=\"S34EB SC5 S2\" id=\"t4d_154\">VAPSD * </span><span class=\"S34EC SC5 S2\" id=\"t4e_154\">Norway </span><span class=\"S34ED SC5 S2\" id=\"t4f_154\">Bergen </span><span class=\"S34EE SC5 S2\" id=\"t4g_154\">20 % </span><span class=\"S34EF SC5 S2\" id=\"t4h_154\">20 % </span><span class=\"S34F0 SC5 S2\" id=\"t4i_154\">641 </span><span class=\"S34F1 SC5 S2\" id=\"t4j_154\">SCS Industry Aps </span><span class=\"S34F2 S3504 S2\" id=\"t4k_154\">Ler\u00f8y Seafood Denmark A/S </span><span class=\"S34F3 SC5 S2\" id=\"t4l_154\">VAPSD </span><span class=\"S34F4 SC5 S2\" id=\"t4m_154\">Denmark </span><span class=\"S34F5 SC5 S2\" id=\"t4n_154\">Hirtshals </span><span class=\"S34F6 SC5 S2\" id=\"t4o_154\">0 % </span><span class=\"S34F7 SC5 S2\" id=\"t4p_154\">50 % </span><span class=\"S34F8 SC5 S2\" id=\"t4q_154\">76 </span><span class=\"S34F9 S269C S2\" id=\"t4r_154\">1) </span><span class=\"S34FA SC4 S2\" id=\"t4s_154\">Total other associates </span><span class=\"S34FB SC4 S2\" id=\"t4t_154\">38 369 </span><span class=\"S34FC SC4 S2\" id=\"t4u_154\">Grand total </span><span class=\"S34FD SC4 S2\" id=\"t4v_154\">1 424 638 </span><span class=\"S34FE SAF1 S2\" id=\"t4w_154\">* VAPSD is short for VAP, sales &amp; distribution (VAP = Value Added Processing) </span><span class=\"S34FF SC5 S2\" id=\"t4x_154\">1) Purchase of shares </span><span class=\"S3500 SC5 S2\" id=\"t4y_154\">2) Sale of shares </span><span class=\"S3505 SC4 S2\" id=\"t1_155\">Seafood </span><span class=\"S3506 SC4 S2\" id=\"t2_155\">Danmark A/S </span><span class=\"S3507 SC4 S2\" id=\"t3_155\">Group </span><span class=\"S3508 SC4 S2\" id=\"t4_155\">Seistar </span><span class=\"S3509 SC4 S2\" id=\"t5_155\">Holding AS </span><span class=\"S350A SC4 S2\" id=\"t6_155\">Group </span><span class=\"S350B SC4 S2\" id=\"t7_155\">Norskott </span><span class=\"S350C SC4 S2\" id=\"t8_155\">Havbruk AS </span><span class=\"S350D SC4 S2\" id=\"t9_155\">Group </span><span class=\"S350E SC4 S2\" id=\"ta_155\">Other </span><span class=\"S350F SC4 S2\" id=\"tb_155\">associates </span><span class=\"S3510 SC4 S2\" id=\"tc_155\">Total </span><span class=\"S3511 SC4 S2\" id=\"td_155\">associates </span><span class=\"S3512 SC4 S2\" id=\"te_155\">Acquisition year </span><span class=\"S3513 SC4 S2\" id=\"tf_155\">2017 </span><span class=\"S3514 SC4 S2\" id=\"tg_155\">2015 </span><span class=\"S3515 SC4 S2\" id=\"th_155\">2001 </span><span class=\"S3516 SC4 S2\" id=\"ti_155\">2021 </span><span class=\"S3517 SC4 S2\" id=\"tj_155\">Opening balance 01.01 </span><span class=\"S3518 SC5 S2\" id=\"tk_155\">139 476 </span><span class=\"S3519 SC5 S2\" id=\"tl_155\">197 789 </span><span class=\"S351A SC5 S2\" id=\"tm_155\">682 503 </span><span class=\"S351B SC5 S2\" id=\"tn_155\">35 694 </span><span class=\"S351C SC4 S2\" id=\"to_155\">1 055 463 </span><span class=\"S351D SC5 S2\" id=\"tp_155\">Companies acquired </span><span class=\"S351E SC5 S2\" id=\"tq_155\">305 500 </span><span class=\"S351F SC5 S2\" id=\"tr_155\">2 250 </span><span class=\"S3520 SC4 S2\" id=\"ts_155\">307 750 </span><span class=\"S3521 SC5 S2\" id=\"tt_155\">Change from associated company to subsidiary </span><span class=\"S3522 SC5 S2\" id=\"tu_155\">-125 350 </span><span class=\"S3523 SC5 S2\" id=\"tv_155\">-4 417 </span><span class=\"S3524 SC4 S2\" id=\"tw_155\">-129 767 </span><span class=\"S3525 SC5 S2\" id=\"tx_155\">Companies sold </span><span class=\"S3526 SC5 S2\" id=\"ty_155\">-61 </span><span class=\"S3527 SC4 S2\" id=\"tz_155\">-61 </span><span class=\"S3528 SC5 S2\" id=\"t10_155\">Share of this year's pro\ufb01t </span><span class=\"S3529 SC5 S2\" id=\"t11_155\">5 992 </span><span class=\"S352A SC5 S2\" id=\"t12_155\">20 893 </span><span class=\"S352B SC5 S2\" id=\"t13_155\">93 577 </span><span class=\"S352C SC5 S2\" id=\"t14_155\">1 039 </span><span class=\"S352D SC4 S2\" id=\"t15_155\">121 502 </span><span class=\"S352E SC5 S2\" id=\"t16_155\">Dividend distributed </span><span class=\"S352F SC5 S2\" id=\"t17_155\">-13 514 </span><span class=\"S3530 SC4 S2\" id=\"t18_155\">-13 514 </span><span class=\"S3531 SC5 S2\" id=\"t19_155\">Currency translation differences * </span><span class=\"S3532 SC5 S2\" id=\"t1a_155\">-6 605 </span><span class=\"S3533 SC5 S2\" id=\"t1b_155\">14 196 </span><span class=\"S3534 SC4 S2\" id=\"t1c_155\">7 591 </span><span class=\"S3535 SC5 S2\" id=\"t1d_155\">Other changes over equity </span><span class=\"S3536 SC5 S2\" id=\"t1e_155\">-892 </span><span class=\"S3537 SC4 S2\" id=\"t1f_155\">-892 </span><span class=\"S3538 SC4 S2\" id=\"t1g_155\">Closing balance as of 31.12 </span><span class=\"S3539 SC4 S2\" id=\"t1h_155\">0 </span><span class=\"S353A SC4 S2\" id=\"t1i_155\">218 682 </span><span class=\"S353B SC4 S2\" id=\"t1j_155\">1 094 884 </span><span class=\"S353C SC4 S2\" id=\"t1k_155\">34 505 </span><span class=\"S353D SC4 S2\" id=\"t1l_155\">1 348 072 </span><span class=\"S33D2 SC5 S2\" id=\"t1m_155\">Acquisition cost </span><span class=\"S353E SC5 S2\" id=\"t1n_155\">86 500 </span><span class=\"S353F SC5 S2\" id=\"t1o_155\">468 773 </span><span class=\"S3540 SC4 S2\" id=\"t1p_155\">Income from joint ventures and associates </span><span class=\"S3541 SC5 S2\" id=\"t1q_155\">Share of this year's pro\ufb01t </span><span class=\"S3542 SC5 S2\" id=\"t1r_155\">5 992 </span><span class=\"S3543 SC5 S2\" id=\"t1s_155\">20 893 </span><span class=\"S3544 SC5 S2\" id=\"t1t_155\">93 577 </span><span class=\"S3545 SC5 S2\" id=\"t1u_155\">1 039 </span><span class=\"S3546 SC4 S2\" id=\"t1v_155\">121 502 </span><span class=\"S3547 SC4 S2\" id=\"t1w_155\">Total </span><span class=\"S3548 SC4 S2\" id=\"t1x_155\">5 992 </span><span class=\"S3549 SC4 S2\" id=\"t1y_155\">20 893 </span><span class=\"S354A SC4 S2\" id=\"t1z_155\">93 577 </span><span class=\"S354B SC4 S2\" id=\"t20_155\">1 039 </span><span class=\"S354C SC4 S2\" id=\"t21_155\">121 502 </span><span class=\"S354D SC5 S2\" id=\"t22_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S354E SC5 S2\" id=\"t23_155\">6 022 </span><span class=\"S354F SC4 S2\" id=\"t24_155\">6 022 </span><span class=\"S3550 SC4 S2\" id=\"t25_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S3551 SC4 S2\" id=\"t26_155\">5 992 </span><span class=\"S3552 SC4 S2\" id=\"t27_155\">20 893 </span><span class=\"S3553 SC4 S2\" id=\"t28_155\">87 555 </span><span class=\"S3554 SC4 S2\" id=\"t29_155\">1 039 </span><span class=\"S3555 SC4 S2\" id=\"t2a_155\">115 479 </span><span class=\"S3556 SC4 S2\" id=\"t2b_155\">2022 </span><span class=\"S3557 SC4 S2\" id=\"t2c_155\">Opening balance 01.01 </span><span class=\"S3558 SC4 S2\" id=\"t2d_155\">0 </span><span class=\"S3559 SC4 S2\" id=\"t2e_155\">218 682 </span><span class=\"S355A SC4 S2\" id=\"t2f_155\">1 094 884 </span><span class=\"S355B SC4 S2\" id=\"t2g_155\">34 505 </span><span class=\"S355C SC4 S2\" id=\"t2h_155\">1 348 072 </span><span class=\"S355D SC5 S2\" id=\"t2i_155\">Companies acquired </span><span class=\"S355E SC5 S2\" id=\"t2j_155\">716 </span><span class=\"S355F SC4 S2\" id=\"t2k_155\">716 </span><span class=\"S3560 SC5 S2\" id=\"t2l_155\">Companies sold </span><span class=\"S3561 SC5 S2\" id=\"t2m_155\">-10 </span><span class=\"S3562 SC4 S2\" id=\"t2n_155\">-10 </span><span class=\"S3563 SC5 S2\" id=\"t2o_155\">Share of this year's pro\ufb01t </span><span class=\"S3564 SC5 S2\" id=\"t2p_155\">20 731 </span><span class=\"S3565 SC5 S2\" id=\"t2q_155\">41 492 </span><span class=\"S3566 SC5 S2\" id=\"t2r_155\">3 156 </span><span class=\"S3567 SC4 S2\" id=\"t2s_155\">65 379 </span><span class=\"S3568 SC5 S2\" id=\"t2t_155\">Dividend distributed </span><span class=\"S3569 SC5 S2\" id=\"t2u_155\">-6 000 </span><span class=\"S356A SC4 S2\" id=\"t2v_155\">-6 000 </span><span class=\"S356B SC5 S2\" id=\"t2w_155\">Currency translation differences * </span><span class=\"S356C SC5 S2\" id=\"t2x_155\">1 917 </span><span class=\"S356D SC5 S2\" id=\"t2y_155\">2 </span><span class=\"S356E SC4 S2\" id=\"t2z_155\">1 919 </span><span class=\"S356F SC5 S2\" id=\"t30_155\">Other changes over equity </span><span class=\"S3570 SC5 S2\" id=\"t31_155\">14 562 </span><span class=\"S3571 SC4 S2\" id=\"t32_155\">14 562 </span><span class=\"S3572 SC4 S2\" id=\"t33_155\">Closing balance as of 31.12 </span><span class=\"S3573 SC4 S2\" id=\"t34_155\">0 </span><span class=\"S3574 SC4 S2\" id=\"t35_155\">233 413 </span><span class=\"S3575 SC4 S2\" id=\"t36_155\">1 152 855 </span><span class=\"S3576 SC4 S2\" id=\"t37_155\">38 369 </span><span class=\"S3577 SC4 S2\" id=\"t38_155\">1 424 638 </span><span class=\"S3578 SC5 S2\" id=\"t39_155\">Acquisition cost </span><span class=\"S3579 SC4 S2\" id=\"t3a_155\">Income from joint ventures and associates </span><span class=\"S357A SC5 S2\" id=\"t3b_155\">Share of this year's pro\ufb01t </span><span class=\"S357B SC5 S2\" id=\"t3c_155\">0 </span><span class=\"S357C SC5 S2\" id=\"t3d_155\">20 731 </span><span class=\"S357D SC5 S2\" id=\"t3e_155\">41 492 </span><span class=\"S357E SC5 S2\" id=\"t3f_155\">3 156 </span><span class=\"S357F SC4 S2\" id=\"t3g_155\">65 379 </span><span class=\"S3580 SC5 S2\" id=\"t3h_155\">Gain from disposal of associate </span><span class=\"S3581 SC5 S2\" id=\"t3i_155\">296 </span><span class=\"S3582 SC4 S2\" id=\"t3j_155\">296 </span><span class=\"S3583 SC4 S2\" id=\"t3k_155\">Total </span><span class=\"S3584 SC4 S2\" id=\"t3l_155\">0 </span><span class=\"S3585 SC4 S2\" id=\"t3m_155\">20 731 </span><span class=\"S3586 SC4 S2\" id=\"t3n_155\">41 492 </span><span class=\"S3587 SC4 S2\" id=\"t3o_155\">3 452 </span><span class=\"S3588 SC4 S2\" id=\"t3p_155\">65 675 </span><span class=\"S3589 SC5 S2\" id=\"t3q_155\">Fair value adjustments on biological assets (after tax) from associates </span><span class=\"S358A SC5 S2\" id=\"t3r_155\">11 982 </span><span class=\"S358B SC4 S2\" id=\"t3s_155\">11 982 </span><span class=\"S358C SC4 S2\" id=\"t3t_155\">Income from JV and AC, before fair value adjustments </span><span class=\"S358D SC4 S2\" id=\"t3u_155\">0 </span><span class=\"S358E SC4 S2\" id=\"t3v_155\">20 731 </span><span class=\"S358F SC4 S2\" id=\"t3w_155\">29 510 </span><span class=\"S3590 SC4 S2\" id=\"t3x_155\">3 452 </span><span class=\"S3591 SC4 S2\" id=\"t3y_155\">53 693 </span><span class=\"S3592 SAF1 S2\" id=\"t3z_155\">* Currency translation differences relate to translation for the sub-group Scottish Seafarms, owned by Norskott Havbruk AS, where functional </span><span class=\"S3593 SAF1 S2\" id=\"t40_155\">and reporting currency is GBP. </span><span class=\"S3594 S1C40 S2\" id=\"t41_155\">Carrying value on and income from joint ventures and associated companies </span><span class=\"S3596 SC7 S2\" id=\"t1_156\">Other information on joint ventures and associates considered material to the Group </span><span class=\"S3597 S1C40 S2\" id=\"t2_156\">Information on material transactions </span><span class=\"S2358 SC8 S2\" id=\"t3_156\">It has not been any material transactions with joint ventures or associates in 2022. </span><span class=\"S219C S1C40 S2\" id=\"t4_156\">Information on subsidiaries </span><span class=\"S3598 S1C40 S2\" id=\"t5_156\">Financial information (100%) </span><span class=\"S3599 SC8 S2\" id=\"t6_156\">The accounting \ufb01gures for associates, as shown below, are prepared in accordance with IFRS. </span><span class=\"S359A SC8 S2\" id=\"t7_156\">The \ufb01gures are based on priliminary annual accounts, as the \ufb01nal annual accounts are not submitted. </span><span class=\"S359B SC4 S2\" id=\"t8_156\">Company </span><span class=\"S359C SC4 S2\" id=\"t9_156\">Owner (JV or subsidiary of JV) </span><span class=\"S359D SC4 S2\" id=\"ta_156\">Operating </span><span class=\"S359E SC4 S2\" id=\"tb_156\">segment </span><span class=\"S359F SC4 S2\" id=\"tc_156\">Country </span><span class=\"S35A0 SC4 S2\" id=\"td_156\">Ownership/ </span><span class=\"S35A1 SC4 S2\" id=\"te_156\">voting share </span><span class=\"S35A2 SC4 S2\" id=\"tf_156\">01.01 </span><span class=\"S35A3 SC4 S2\" id=\"tg_156\">Ownership/ </span><span class=\"S35A4 SC4 S2\" id=\"th_156\">voting share </span><span class=\"S35A5 SC4 S2\" id=\"ti_156\">31.12 </span><span class=\"S35A6 SC5 S2\" id=\"tj_156\">Scottish Seafarms Ltd * </span><span class=\"S35A7 SC5 S2\" id=\"tk_156\">Norskott Havbruk AS </span><span class=\"S35A8 SC5 S2\" id=\"tl_156\">Farming </span><span class=\"S35A9 SC5 S2\" id=\"tm_156\">Scotland </span><span class=\"S35AA SC5 S2\" id=\"tn_156\">100 % </span><span class=\"S35AB SC5 S2\" id=\"to_156\">100 % </span><span class=\"S35AC SC5 S2\" id=\"tp_156\">Ettrick Trout Ltd </span><span class=\"S35AD SC5 S2\" id=\"tq_156\">Scottish Seafarms Ltd </span><span class=\"S35AE SC5 S2\" id=\"tr_156\">Farming </span><span class=\"S35AF SC5 S2\" id=\"ts_156\">Scotland </span><span class=\"S35B0 SC5 S2\" id=\"tt_156\">100 % </span><span class=\"S35B1 SC5 S2\" id=\"tu_156\">100 % </span><span class=\"S35B2 SC5 S2\" id=\"tv_156\">Orkney Sea Farms Ltd </span><span class=\"S35B3 SC5 S2\" id=\"tw_156\">Ettrick Trout Ltd </span><span class=\"S35B4 SC5 S2\" id=\"tx_156\">Farming </span><span class=\"S35B5 SC5 S2\" id=\"ty_156\">Scotland </span><span class=\"S35B6 SC5 S2\" id=\"tz_156\">100 % </span><span class=\"S35B7 SC5 S2\" id=\"t10_156\">100 % </span><span class=\"S35B8 SC5 S2\" id=\"t11_156\">SSF Hjaltland </span><span class=\"S35B9 SC5 S2\" id=\"t12_156\">Scottish Seafarms Ltd </span><span class=\"S35BA SC5 S2\" id=\"t13_156\">Farming </span><span class=\"S35BB SC5 S2\" id=\"t14_156\">Scotland </span><span class=\"S35BC SC5 S2\" id=\"t15_156\">100 % </span><span class=\"S35BD SC5 S2\" id=\"t16_156\">100 % </span><span class=\"S35BE SC5 S2\" id=\"t17_156\">SSF Shetland </span><span class=\"S35BF SC5 S2\" id=\"t18_156\">SSF Hjaltland </span><span class=\"S35C0 SC5 S2\" id=\"t19_156\">Farming </span><span class=\"S35C1 SC5 S2\" id=\"t1a_156\">Scotland </span><span class=\"S35C2 SC5 S2\" id=\"t1b_156\">100 % </span><span class=\"S35C3 SC5 S2\" id=\"t1c_156\">100 % </span><span class=\"S35C4 SC5 S2\" id=\"t1d_156\">Isle of Skye Salmon </span><span class=\"S35C5 SC5 S2\" id=\"t1e_156\">SSF Hjaltland </span><span class=\"S35C6 SC5 S2\" id=\"t1f_156\">Farming </span><span class=\"S35C7 SC5 S2\" id=\"t1g_156\">Scotland </span><span class=\"S35C8 SC5 S2\" id=\"t1h_156\">100 % </span><span class=\"S35C9 SC5 S2\" id=\"t1i_156\">100 % </span><span class=\"S35CA SC5 S2\" id=\"t1j_156\">Mowi Star AS </span><span class=\"S35CB SC5 S2\" id=\"t1k_156\">Seistar Holding AS </span><span class=\"S35CC SC5 S2\" id=\"t1l_156\">Farming </span><span class=\"S35CD SC5 S2\" id=\"t1m_156\">Norway </span><span class=\"S35CE SC5 S2\" id=\"t1n_156\">100 % </span><span class=\"S35CF SC5 S2\" id=\"t1o_156\">100 % </span><span class=\"S35D0 SC5 S2\" id=\"t1p_156\">Seiv\u00e5g Shipping AS </span><span class=\"S35D1 SC5 S2\" id=\"t1q_156\">Seistar Holding AS </span><span class=\"S35D2 SC5 S2\" id=\"t1r_156\">Farming </span><span class=\"S35D3 SC5 S2\" id=\"t1s_156\">Norway </span><span class=\"S35D4 SC5 S2\" id=\"t1t_156\">100 % </span><span class=\"S35D5 SC5 S2\" id=\"t1u_156\">100 % </span><span class=\"S35D6 SC5 S2\" id=\"t1v_156\">Seigrunn AS </span><span class=\"S35D7 SC5 S2\" id=\"t1w_156\">Seistar Holding AS </span><span class=\"S35D8 SC5 S2\" id=\"t1x_156\">Farming </span><span class=\"S35D9 SC5 S2\" id=\"t1y_156\">Norway </span><span class=\"S35DA SC5 S2\" id=\"t1z_156\">100 % </span><span class=\"S35DB SC5 S2\" id=\"t20_156\">100 % </span><span class=\"S35DC SAF1 S2\" id=\"t21_156\">* Dormant subsidiaries are not included in this table </span><span class=\"S35DD SC4 S2\" id=\"t22_156\">Seistar Holding AS Group </span><span class=\"S35DE SC4 S2\" id=\"t23_156\">Norskott Havbruk AS Group </span><span class=\"S35DF SC4 S2\" id=\"t24_156\">Consolidated \ufb01gures </span><span class=\"S35E0 SC4 S2\" id=\"t25_156\">2022 </span><span class=\"S35E1 SC4 S2\" id=\"t26_156\">2021 </span><span class=\"S35E2 SC4 S2\" id=\"t27_156\">2022 </span><span class=\"S35E3 SC4 S2\" id=\"t28_156\">2021 </span><span class=\"S35E4 SC5 S2\" id=\"t29_156\">Revenue </span><span class=\"S35E5 SC5 S2\" id=\"t2a_156\">270 553 </span><span class=\"S35E6 SC5 S2\" id=\"t2b_156\">232 438 </span><span class=\"S35E7 SC5 S2\" id=\"t2c_156\">3 187 853 </span><span class=\"S35E8 SC5 S2\" id=\"t2d_156\">2 306 955 </span><span class=\"S35E9 SC5 S2\" id=\"t2e_156\">Other gains (+) and losses (-) </span><span class=\"S35EA SC5 S2\" id=\"t2f_156\">0 </span><span class=\"S35EB SC5 S2\" id=\"t2g_156\">0 </span><span class=\"S35EC SC5 S2\" id=\"t2h_156\">0 </span><span class=\"S35ED SC5 S2\" id=\"t2i_156\">0 </span><span class=\"S35EE SC5 S2\" id=\"t2j_156\">Operating pro\ufb01t (EBIT) before fair value adjustments </span><span class=\"S35EF SC5 S2\" id=\"t2k_156\">53 212 </span><span class=\"S35F0 SC5 S2\" id=\"t2l_156\">50 107 </span><span class=\"S35F1 SC5 S2\" id=\"t2m_156\">214 280 </span><span class=\"S35F2 SC5 S2\" id=\"t2n_156\">244 301 </span><span class=\"S35F3 SC5 S2\" id=\"t2o_156\">Operating pro\ufb01t (EBIT) </span><span class=\"S35F4 SC5 S2\" id=\"t2p_156\">53 212 </span><span class=\"S35F5 SC5 S2\" id=\"t2q_156\">50 107 </span><span class=\"S35F6 SC5 S2\" id=\"t2r_156\">245 003 </span><span class=\"S35F7 SC5 S2\" id=\"t2s_156\">259 743 </span><span class=\"S35F8 SC5 S2\" id=\"t2t_156\">Pre-tax pro\ufb01t </span><span class=\"S35F9 SC5 S2\" id=\"t2u_156\">42 576 </span><span class=\"S35FA SC5 S2\" id=\"t2v_156\">39 705 </span><span class=\"S35FB SC5 S2\" id=\"t2w_156\">165 813 </span><span class=\"S35FC SC5 S2\" id=\"t2x_156\">242 142 </span><span class=\"S35FD SC5 S2\" id=\"t2y_156\">Annual pro\ufb01t </span><span class=\"S35FE SC5 S2\" id=\"t2z_156\">41 786 </span><span class=\"S35FF SC5 S2\" id=\"t30_156\">37 961 </span><span class=\"S3600 SC5 S2\" id=\"t31_156\">82 984 </span><span class=\"S3601 SC5 S2\" id=\"t32_156\">187 154 </span><span class=\"S3602 SC5 S2\" id=\"t33_156\">Other comprehensive income </span><span class=\"S3603 SC5 S2\" id=\"t34_156\">0 </span><span class=\"S3604 SC5 S2\" id=\"t35_156\">0 </span><span class=\"S3605 SC5 S2\" id=\"t36_156\">29 124 </span><span class=\"S3606 SC5 S2\" id=\"t37_156\">26 607 </span><span class=\"S3607 SC5 S2\" id=\"t38_156\">Fixed assets </span><span class=\"S3608 SC5 S2\" id=\"t39_156\">710 797 </span><span class=\"S3609 SC5 S2\" id=\"t3a_156\">738 472 </span><span class=\"S360A SC5 S2\" id=\"t3b_156\">3 403 086 </span><span class=\"S360B SC5 S2\" id=\"t3c_156\">3 275 822 </span><span class=\"S360C SC5 S2\" id=\"t3d_156\">Current assets </span><span class=\"S360D SC5 S2\" id=\"t3e_156\">123 241 </span><span class=\"S360E SC5 S2\" id=\"t3f_156\">88 863 </span><span class=\"S360F SC5 S2\" id=\"t3g_156\">1 823 850 </span><span class=\"S3610 SC5 S2\" id=\"t3h_156\">2 127 087 </span><span class=\"S3611 SC4 S2\" id=\"t3i_156\">Total assets </span><span class=\"S3612 SC4 S2\" id=\"t3j_156\">834 038 </span><span class=\"S3613 SC4 S2\" id=\"t3k_156\">827 335 </span><span class=\"S3614 SC4 S2\" id=\"t3l_156\">5 226 936 </span><span class=\"S3615 SC4 S2\" id=\"t3m_156\">5 402 909 </span><span class=\"S3616 SC5 S2\" id=\"t3n_156\">Long-term debt </span><span class=\"S3617 SC5 S2\" id=\"t3o_156\">366 862 </span><span class=\"S3618 SC5 S2\" id=\"t3p_156\">399 123 </span><span class=\"S3619 SC5 S2\" id=\"t3q_156\">2 080 765 </span><span class=\"S361A SC5 S2\" id=\"t3r_156\">2 414 833 </span><span class=\"S361B SC5 S2\" id=\"t3s_156\">Short-term debt </span><span class=\"S361C SC5 S2\" id=\"t3t_156\">41 363 </span><span class=\"S361D SC5 S2\" id=\"t3u_156\">38 185 </span><span class=\"S361E SC5 S2\" id=\"t3v_156\">840 460 </span><span class=\"S361F SC5 S2\" id=\"t3w_156\">798 309 </span><span class=\"S3620 SC4 S2\" id=\"t3x_156\">Total debt </span><span class=\"S3621 SC4 S2\" id=\"t3y_156\">408 225 </span><span class=\"S3622 SC4 S2\" id=\"t3z_156\">437 308 </span><span class=\"S3623 SC4 S2\" id=\"t40_156\">2 921 225 </span><span class=\"S3624 SC4 S2\" id=\"t41_156\">3 213 142 </span><span class=\"S3625 SC5 S2\" id=\"t42_156\">Net interest-bearing debt </span><span class=\"S3626 SC5 S2\" id=\"t43_156\">267 607 </span><span class=\"S3627 SC5 S2\" id=\"t44_156\">331 129 </span><span class=\"S3628 SC5 S2\" id=\"t45_156\">2 037 486 </span><span class=\"S3629 SC5 S2\" id=\"t46_156\">2 234 320 </span><span class=\"S362A SC4 S2\" id=\"t47_156\">Equity </span><span class=\"S362B SC4 S2\" id=\"t48_156\">425 813 </span><span class=\"S362C SC4 S2\" id=\"t49_156\">390 027 </span><span class=\"S362D SC4 S2\" id=\"t4a_156\">2 305 711 </span><span class=\"S362E SC4 S2\" id=\"t4b_156\">2 189 767 </span><span class=\"S362F S18EC S2\" id=\"t4j_156\">NOTE 10 cont. </span><span class=\"S3503 S18EC S2\" id=\"t4k_156\">Shares in joint ventures, associates and other investments </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f17262": {
   "value": "<span class=\"S23D7 S1C40 S2\" id=\"t1_157\">Information on biological assets </span><span class=\"S3630 SC8 S2\" id=\"t2_157\">Norskott Havbruk AS (group) has farming operations in Scotland, and therefore has biological assets on the balance </span><span class=\"S21BE SC8 S2\" id=\"t3_157\">sheet. The key \ufb01gures for inventory of \ufb01sh in the sea for Norskott Havbruk AS group are as follows: </span><span class=\"S3632 SC4 S2\" id=\"t5_157\">Information on \ufb01sh in sea and harvested volume in the period, in tonnes </span><span class=\"S3633 SC4 S2\" id=\"t6_157\">2022 </span><span class=\"S3634 SC4 S2\" id=\"t7_157\">2021 </span><span class=\"S3635 SC4 S2\" id=\"t8_157\">Ownership </span><span class=\"S3636 SC4 S2\" id=\"t9_157\">100 % </span><span class=\"S3637 SC4 S2\" id=\"ta_157\">50 % </span><span class=\"S3638 SC4 S2\" id=\"tb_157\">100 % </span><span class=\"S3639 SC4 S2\" id=\"tc_157\">50 % </span><span class=\"S363A SC5 S2\" id=\"td_157\">Total \ufb01sh in sea (LWT) </span><span class=\"S363B SC5 S2\" id=\"te_157\">19 983 </span><span class=\"S363C SC5 S2\" id=\"tf_157\">9 992 </span><span class=\"S363D SC5 S2\" id=\"tg_157\">26 046 </span><span class=\"S363E SC5 S2\" id=\"th_157\">13 023 </span><span class=\"S363F SC5 S2\" id=\"ti_157\">Total harvest volume in the period (GWT) </span><span class=\"S3640 SC5 S2\" id=\"tj_157\">35 936 </span><span class=\"S3641 SC5 S2\" id=\"tk_157\">17 968 </span><span class=\"S3642 SC5 S2\" id=\"tl_157\">32 350 </span><span class=\"S3643 SC5 S2\" id=\"tm_157\">16 175 </span><span class=\"S3644 SC4 S2\" id=\"tn_157\">Fair value adjustment related to biological assets </span><span class=\"S3645 SC4 S2\" id=\"to_157\">in the statement of \ufb01nancial position </span><span class=\"S3646 SC4 S2\" id=\"tp_157\">2022 </span><span class=\"S3647 SC4 S2\" id=\"tq_157\">2021 </span><span class=\"S3648 SC4 S2\" id=\"tr_157\">Ownership </span><span class=\"S3649 SC4 S2\" id=\"ts_157\">100 % </span><span class=\"S364A SC4 S2\" id=\"tt_157\">50 % </span><span class=\"S364B SC4 S2\" id=\"tu_157\">100 % </span><span class=\"S364C SC4 S2\" id=\"tv_157\">50 % </span><span class=\"S364D SC5 S2\" id=\"tw_157\">Fair value adjustment as of 01.01 </span><span class=\"S364E SC5 S2\" id=\"tx_157\">1 934 </span><span class=\"S364F SC5 S2\" id=\"ty_157\">967 </span><span class=\"S3650 SC5 S2\" id=\"tz_157\">-13 509 </span><span class=\"S3651 SC5 S2\" id=\"t10_157\">-6 754 </span><span class=\"S3652 SC5 S2\" id=\"t11_157\">Fair value adjustment through the income statement </span><span class=\"S3653 SC5 S2\" id=\"t12_157\">30 722 </span><span class=\"S3654 SC5 S2\" id=\"t13_157\">15 361 </span><span class=\"S3655 SC5 S2\" id=\"t14_157\">15 443 </span><span class=\"S3656 SC5 S2\" id=\"t15_157\">7 722 </span><span class=\"S3657 SC4 S2\" id=\"t16_157\">Fair value adjustment as of 31.12 </span><span class=\"S3658 SC4 S2\" id=\"t17_157\">32 656 </span><span class=\"S3659 SC4 S2\" id=\"t18_157\">16 328 </span><span class=\"S365A SC4 S2\" id=\"t19_157\">1 934 </span><span class=\"S365B SC4 S2\" id=\"t1a_157\">967 </span><span class=\"S365C SC5 S2\" id=\"t1b_157\">Cost price of \ufb01sh in sea 31.12 </span><span class=\"S365D SC5 S2\" id=\"t1c_157\">1 285 121 </span><span class=\"S365E SC5 S2\" id=\"t1d_157\">642 560 </span><span class=\"S365F SC5 S2\" id=\"t1e_157\">1 309 676 </span><span class=\"S3660 SC5 S2\" id=\"t1f_157\">654 838 </span><span class=\"S3661 SC5 S2\" id=\"t1g_157\">Cost price of roe, fry and smolt 31.12 </span><span class=\"S3662 SC5 S2\" id=\"t1h_157\">128 487 </span><span class=\"S3663 SC5 S2\" id=\"t1i_157\">64 243 </span><span class=\"S3664 SC5 S2\" id=\"t1j_157\">117 163 </span><span class=\"S3665 SC5 S2\" id=\"t1k_157\">58 582 </span><span class=\"S3666 SC4 S2\" id=\"t1l_157\">Carrying value of biological assets 31.12 </span><span class=\"S3667 SC4 S2\" id=\"t1m_157\">1 446 264 </span><span class=\"S3668 SC4 S2\" id=\"t1n_157\">723 132 </span><span class=\"S3669 SC4 S2\" id=\"t1o_157\">1 428 773 </span><span class=\"S366A SC4 S2\" id=\"t1p_157\">714 387 </span><span class=\"S366B SC4 S2\" id=\"t1q_157\">Fair value adjustment related to biological assets in the income statement </span><span class=\"S366C SC4 S2\" id=\"t1r_157\">2022 </span><span class=\"S366D SC4 S2\" id=\"t1s_157\">2021 </span><span class=\"S366E SC4 S2\" id=\"t1t_157\">Ownership </span><span class=\"S366F SC4 S2\" id=\"t1u_157\">100 % </span><span class=\"S3670 SC4 S2\" id=\"t1v_157\">50 % </span><span class=\"S3671 SC4 S2\" id=\"t1w_157\">100 % </span><span class=\"S3672 SC4 S2\" id=\"t1x_157\">50 % </span><span class=\"S3673 SC5 S2\" id=\"t1y_157\">Pro\ufb01t and loss impact before tax </span><span class=\"S3674 SC5 S2\" id=\"t1z_157\">30 722 </span><span class=\"S3675 SC5 S2\" id=\"t20_157\">15 361 </span><span class=\"S3676 SC5 S2\" id=\"t21_157\">15 443 </span><span class=\"S3677 SC5 S2\" id=\"t22_157\">7 722 </span><span class=\"S3678 SC5 S2\" id=\"t23_157\">Tax cost before effect of change in tax rate </span><span class=\"S3679 SC5 S2\" id=\"t24_157\">-6 759 </span><span class=\"S367A SC5 S2\" id=\"t25_157\">-3 379 </span><span class=\"S367B SC5 S2\" id=\"t26_157\">-3 397 </span><span class=\"S367C SC5 S2\" id=\"t27_157\">-1 699 </span><span class=\"S367D SC4 S2\" id=\"t28_157\">Net fair value adjustment, after tax * </span><span class=\"S367E SC4 S2\" id=\"t29_157\">23 963 </span><span class=\"S367F SC4 S2\" id=\"t2a_157\">11 982 </span><span class=\"S3680 SC4 S2\" id=\"t2b_157\">12 046 </span><span class=\"S3681 SC4 S2\" id=\"t2c_157\">6 023 </span><span class=\"S3682 SAF1 S2\" id=\"t2d_157\">* Alternative performance measures (APM), presented as \"pre-tax pro\ufb01t before fair value adjustments related to biological assets\", </span><span class=\"S3683 SAF1 S2\" id=\"t2e_157\">are adjusted with this amount. </span><span class=\"S36FC S18EC S2\" id=\"t3q_158\">NOTE 11 </span><span class=\"S36FD S18EC S2\" id=\"t3r_158\">Biological assets </span><span class=\"S3188 SC8 S2\" id=\"t1_158\">The Group recognises and measures </span><span class=\"S1B9D SC8 S2\" id=\"t2_158\">biological assets (\ufb01sh in sea) at fair </span><span class=\"S3694 SC8 S2\" id=\"t3_158\">value. For salmon and trout, including </span><span class=\"S1B9F SC8 S2\" id=\"t4_158\">parent \ufb01sh, a present value model is </span><span class=\"S3456 SC8 S2\" id=\"t5_158\">applied to estimate fair value. For </span><span class=\"S3695 SC8 S2\" id=\"t6_158\">roe, fry, smolt and cleaner \ufb01sh, which </span><span class=\"S3696 SC8 S2\" id=\"t7_158\">has a limited value compared with the </span><span class=\"S1FC2 SC8 S2\" id=\"t8_158\">total stock, historical cost provides </span><span class=\"S3697 SC8 S2\" id=\"t9_158\">the best estimate of fair value. </span><span class=\"S3698 SC8 S2\" id=\"ta_158\">The fair value of \ufb01sh in the sea is </span><span class=\"S3699 SC8 S2\" id=\"tb_158\">estimated as a function of the </span><span class=\"S369A SC8 S2\" id=\"tc_158\">estimated biomass at the time of </span><span class=\"S369B SC8 S2\" id=\"td_158\">harvest, multiplied by the estimated </span><span class=\"S369C SC8 S2\" id=\"te_158\">sales price at the same time. For \ufb01sh </span><span class=\"S369D SC8 S2\" id=\"tf_158\">not ready for harvest, a deduction is </span><span class=\"S3192 SC8 S2\" id=\"tg_158\">made to cover estimated residual </span><span class=\"S369E SC8 S2\" id=\"th_158\">costs to grow the \ufb01sh to optimal </span><span class=\"S369F SC8 S2\" id=\"ti_158\">harvest weight. The cash \ufb02ow is </span><span class=\"S36A0 SC8 S2\" id=\"tj_158\">discounted monthly by a discount rate. </span><span class=\"S1FCC SC8 S2\" id=\"tk_158\">Please refer to note (I) on accounting </span><span class=\"S36A1 SC8 S2\" id=\"tl_158\">policies for more detailed </span><span class=\"S36A2 SC8 S2\" id=\"tm_158\">information. </span><span class=\"S2DC8 SC8 S2\" id=\"tn_158\">Fair value adjustment recognised in </span><span class=\"S36A3 SC8 S2\" id=\"to_158\">the period related to biological assets </span><span class=\"S222B SC8 S2\" id=\"tp_158\">comprises: (1) Change in fair value </span><span class=\"S36A4 SC8 S2\" id=\"tq_158\">adjustment of biological assets, (2) </span><span class=\"S36A5 SC8 S2\" id=\"tr_158\">change in fair value of onerous </span><span class=\"S36A6 SC8 S2\" id=\"ts_158\">contracts (loss-making contracts) </span><span class=\"S36A7 SC8 S2\" id=\"tt_158\">and (3) change in unrealised gain/ </span><span class=\"S36A8 SC8 S2\" id=\"tu_158\">loss of \ufb01nancial sale and purchase </span><span class=\"S36A9 SC8 S2\" id=\"tv_158\">contracts (derivatives) for \ufb01sh in </span><span class=\"S36AA SC8 S2\" id=\"tw_158\">Fishpool. The last mentioned </span><span class=\"S36AB SC8 S2\" id=\"tx_158\">adjustment does only include Fish </span><span class=\"S36AC SC8 S2\" id=\"ty_158\">Pool contrants included in the balance </span><span class=\"S36AD SC8 S2\" id=\"tz_158\">sheet at the beginning of the year. </span><span class=\"S36AE SC8 S2\" id=\"t10_158\">For contracts entered into from 2020 </span><span class=\"S1D24 SC8 S2\" id=\"t11_158\">the effective portion of change in fair </span><span class=\"S36AF SC8 S2\" id=\"t12_158\">value are recognized as other </span><span class=\"S30A2 SC8 S2\" id=\"t13_158\">comprehensive income (OCI) due to </span><span class=\"S1D27 SC8 S2\" id=\"t14_158\">cash \ufb02ow hedging. </span><span class=\"S1BE3 SC8 S2\" id=\"t15_158\">The Group enters into contracts </span><span class=\"S36B0 SC8 S2\" id=\"t16_158\">related to future deliveries of salmon </span><span class=\"S36B1 SC8 S2\" id=\"t17_158\">and trout. As biological assets are </span><span class=\"S36B2 SC8 S2\" id=\"t18_158\">recognised at fair value, the fair value </span><span class=\"S36B3 SC8 S2\" id=\"t19_158\">adjustment of the biological assets </span><span class=\"S1E33 SC8 S2\" id=\"t1a_158\">will be included in the estimated </span><span class=\"S22FB SC8 S2\" id=\"t1b_158\">expenses required to ful\ufb01l the </span><span class=\"S36B4 SC8 S2\" id=\"t1c_158\">contract. This implies that the Group </span><span class=\"S36B5 SC8 S2\" id=\"t1d_158\">may experience loss-making </span><span class=\"S36B6 SC8 S2\" id=\"t1e_158\">(onerous) contracts according to IAS 37 </span><span class=\"S36B7 SC8 S2\" id=\"t1f_158\">even if the contract price for physical </span><span class=\"S36B8 SC8 S2\" id=\"t1g_158\">delivery contracts is higher than the </span><span class=\"S36B9 SC8 S2\" id=\"t1h_158\">actual production cost for the products. </span><span class=\"S36BA SC8 S2\" id=\"t1i_158\">In such a scenario, a provision is made </span><span class=\"S36BB SC8 S2\" id=\"t1j_158\">for the estimated negative value. The </span><span class=\"S36BC SC8 S2\" id=\"t1k_158\">provision is classi\ufb01ed in the \ufb01nancial </span><span class=\"S1C12 SC8 S2\" id=\"t1l_158\">statements as other short-term </span><span class=\"S30BB SC8 S2\" id=\"t1m_158\">liabilities. The Group also enters into </span><span class=\"S31C0 SC8 S2\" id=\"t1n_158\">Fish Pool contracts to hedge prices. </span><span class=\"S36BD SC8 S2\" id=\"t1o_158\">The number of such contracts is </span><span class=\"S36BE SC8 S2\" id=\"t1p_158\">limited. When utilised, the Fish Pool </span><span class=\"S1E3E SC8 S2\" id=\"t1q_158\">contracts are recorded as \ufb01nancial </span><span class=\"S30C0 SC8 S2\" id=\"t1r_158\">instruments on the balance sheet </span><span class=\"S36BF SC8 S2\" id=\"t1s_158\">(derivatives), where unrealised gain </span><span class=\"S36C0 SC8 S2\" id=\"t1t_158\">is classi\ufb01ed as other short-term </span><span class=\"S1C1A SC8 S2\" id=\"t1u_158\">receivables and unrealised loss as </span><span class=\"S1CFA SC8 S2\" id=\"t1v_158\">other short-term liabilities. </span><span class=\"S36C1 SC4 S2\" id=\"t1w_158\">Recognised fair value adjustment related to biological assets consist of </span><span class=\"S36C2 SC4 S2\" id=\"t1x_158\">2022 </span><span class=\"S36C3 SC4 S2\" id=\"t1y_158\">2021 </span><span class=\"S36C4 SC5 S2\" id=\"t1z_158\">Change in fair value adjustment of biological assets (\ufb01sh in sea) </span><span class=\"S36C5 SC5 S2\" id=\"t20_158\">1 057 507 </span><span class=\"S36C6 SC5 S2\" id=\"t21_158\">1 131 092 </span><span class=\"S36C7 SC5 S2\" id=\"t22_158\">Change in fair value of onerous contracts </span><span class=\"S36C8 SC5 S2\" id=\"t23_158\">30 659 </span><span class=\"S36C9 SC5 S2\" id=\"t24_158\">-44 226 </span><span class=\"S36CA SC5 S2\" id=\"t25_158\">Change in fair value of Fish Pool contracts </span><span class=\"S36CB SC5 S2\" id=\"t26_158\">0 </span><span class=\"S36CC SC5 S2\" id=\"t27_158\">-1 561 </span><span class=\"S36CD SC4 S2\" id=\"t28_158\">Fair value adjustments related to biological assets </span><span class=\"S36CE SC4 S2\" id=\"t29_158\">1 088 166 </span><span class=\"S36CF SC4 S2\" id=\"t2a_158\">1 085 304 </span><span class=\"S36D0 SAF1 S2\" id=\"t2b_158\">The balance sheet item and accounting line impacted from the different adjustments mentioned above, is speci\ufb01ed below </span><span class=\"S36D1 SC4 S2\" id=\"t2c_158\">Reconciliation of carrying amount of fair value related to biological assets </span><span class=\"S36D2 SC4 S2\" id=\"t2d_158\">2022 </span><span class=\"S36D3 SC4 S2\" id=\"t2e_158\">2021 </span><span class=\"S36D4 SC5 S2\" id=\"t2f_158\">Fair value adjustment of biological assets 01.01 </span><span class=\"S36D5 SC5 S2\" id=\"t2g_158\">1 450 638 </span><span class=\"S36D6 SC5 S2\" id=\"t2h_158\">319 546 </span><span class=\"S36D7 SC5 S2\" id=\"t2i_158\">Change in fair value adjustment on \ufb01sh in sea </span><span class=\"S36D8 SC5 S2\" id=\"t2j_158\">1 057 507 </span><span class=\"S36D9 SC5 S2\" id=\"t2k_158\">1 131 092 </span><span class=\"S36DA SC4 S2\" id=\"t2l_158\">Fair value adjustment of biological assets 31.12 </span><span class=\"S36DB SC4 S2\" id=\"t2m_158\">2 508 145 </span><span class=\"S36DC SC4 S2\" id=\"t2n_158\">1 450 638 </span><span class=\"S36DD SAF1 S2\" id=\"t2o_158\">The balance sheet item is included in biological assets. The accounting line is further speci\ufb01ed below </span><span class=\"S36DE SC4 S2\" id=\"t2p_158\">Reconciliation of carrying amount of onerous contracts </span><span class=\"S36DF SC4 S2\" id=\"t2q_158\">2022 </span><span class=\"S36E0 SC4 S2\" id=\"t2r_158\">2021 </span><span class=\"S36E1 SC5 S2\" id=\"t2s_158\">Carrying amount of onerous contracts 01.01 </span><span class=\"S36E2 SC5 S2\" id=\"t2t_158\">-44 259 </span><span class=\"S36E3 SC5 S2\" id=\"t2u_158\">-32 </span><span class=\"S36E4 SC5 S2\" id=\"t2v_158\">Change in fair value of onerous contracts </span><span class=\"S36E5 SC5 S2\" id=\"t2w_158\">30 659 </span><span class=\"S36E6 SC5 S2\" id=\"t2x_158\">-44 226 </span><span class=\"S36E7 SC4 S2\" id=\"t2y_158\">Carrying amount of onerous contracts 31.12 </span><span class=\"S36E8 SC4 S2\" id=\"t2z_158\">-13 600 </span><span class=\"S36E9 SC4 S2\" id=\"t30_158\">-44 259 </span><span class=\"S36EA SC5 S2\" id=\"t31_158\">The balance sheet item is included in other short-term liabilities </span><span class=\"S36EB SC4 S2\" id=\"t32_158\">Reconciliation of carrying amount of Fish Pool contracts </span><span class=\"S36EC SC4 S2\" id=\"t33_158\">2022 </span><span class=\"S36ED SC4 S2\" id=\"t34_158\">2021 </span><span class=\"S36EE SC5 S2\" id=\"t35_158\">Fish Pool contracts 01.01 </span><span class=\"S36EF SC5 S2\" id=\"t36_158\">1 836 </span><span class=\"S36F0 SC5 S2\" id=\"t37_158\">0 </span><span class=\"S36F1 SC5 S2\" id=\"t38_158\">Change in fair value of Fish Pool contracts included pro\ufb01t and loss </span><span class=\"S36F2 SC5 S2\" id=\"t39_158\">0 </span><span class=\"S36F3 SC5 S2\" id=\"t3a_158\">-1 561 </span><span class=\"S36F4 SC5 S2\" id=\"t3b_158\">Change in fair value of Fish Pool contracts - recognised in OCI </span><span class=\"S36F5 SC5 S2\" id=\"t3c_158\">-1 836 </span><span class=\"S36F6 SC5 S2\" id=\"t3d_158\">3 397 </span><span class=\"S36F7 SC4 S2\" id=\"t3e_158\">Fish Pool contracts 31.12 </span><span class=\"S36F8 SC4 S2\" id=\"t3f_158\">0 </span><span class=\"S36F9 SC4 S2\" id=\"t3g_158\">1 836 </span><span class=\"S36FA SC5 S2\" id=\"t3h_158\">Fish Pool contracts are \ufb01nancial instruments. Fair value of Fish Pool contracts recognised in OCI are presented in note on \ufb01nancial </span><span class=\"S36FB SC5 S2\" id=\"t3i_158\">instruments </span><span class=\"S36FE SC4 S2\" id=\"t1_159\">Carrying amount of biological assets consist of </span><span class=\"S18F0 SC4 S2\" id=\"t2_159\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_159\">2021 </span><span class=\"S36FF SC5 S2\" id=\"t4_159\">Fish in sea at historical cost * </span><span class=\"S3700 SC5 S2\" id=\"t5_159\">4 632 941 </span><span class=\"S3701 SC5 S2\" id=\"t6_159\">4 118 913 </span><span class=\"S3702 SC5 S2\" id=\"t7_159\">Roe, fry, smolt and cleaner \ufb01sh at cost * </span><span class=\"S3703 SC5 S2\" id=\"t8_159\">476 507 </span><span class=\"S3704 SC5 S2\" id=\"t9_159\">385 542 </span><span class=\"S3705 SC4 S2\" id=\"ta_159\">Total biological assets before fair value adjustment </span><span class=\"S3706 SC4 S2\" id=\"tb_159\">5 109 448 </span><span class=\"S3707 SC4 S2\" id=\"tc_159\">4 504 454 </span><span class=\"S3708 SC5 S2\" id=\"td_159\">Fair value adjustment of biological assets (\ufb01sh in sea) </span><span class=\"S3709 SC5 S2\" id=\"te_159\">2 508 145 </span><span class=\"S370A SC5 S2\" id=\"tf_159\">1 450 638 </span><span class=\"S370B SC4 S2\" id=\"tg_159\">Total biological assets 31.12 </span><span class=\"S370C SC4 S2\" id=\"th_159\">7 617 593 </span><span class=\"S370D SC4 S2\" id=\"ti_159\">5 955 092 </span><span class=\"S370E SC5 S2\" id=\"tj_159\">Fish in sea at fair value </span><span class=\"S370F SC5 S2\" id=\"tk_159\">7 141 086 </span><span class=\"S3710 SC5 S2\" id=\"tl_159\">5 569 550 </span><span class=\"S3711 SC5 S2\" id=\"tm_159\">Roe, fry, smolt and cleaner \ufb01sh at fair value </span><span class=\"S3712 SC5 S2\" id=\"tn_159\">476 507 </span><span class=\"S3713 SC5 S2\" id=\"to_159\">385 542 </span><span class=\"S3714 SC4 S2\" id=\"tp_159\">Total biological assets 31.12 </span><span class=\"S3715 SC4 S2\" id=\"tq_159\">7 617 593 </span><span class=\"S3716 SC4 S2\" id=\"tr_159\">5 955 092 </span><span class=\"S3717 SAF1 S2\" id=\"ts_159\">* Historical cost minus expensed mortality </span><span class=\"S3718 SC4 S2\" id=\"tt_159\">Reconciliation of volume for stock of \ufb01sh in sea in LWT (live weight in tonnes) </span><span class=\"S3719 SC4 S2\" id=\"tu_159\">2022 </span><span class=\"S371A SC4 S2\" id=\"tv_159\">2021 </span><span class=\"S371B SC4 S2\" id=\"tw_159\">Live weight of \ufb01sh in sea at 01.01 </span><span class=\"S371C SC4 S2\" id=\"tx_159\">107 242 </span><span class=\"S371D SC4 S2\" id=\"ty_159\">119 407 </span><span class=\"S371E SC4 S2\" id=\"tz_159\">Changes through the year </span><span class=\"S371F SC5 S2\" id=\"t10_159\">Increase from biological transformation (released and net growth) </span><span class=\"S3720 SC5 S2\" id=\"t11_159\">206 684 </span><span class=\"S3721 SC5 S2\" id=\"t12_159\">215 747 </span><span class=\"S3722 SC5 S2\" id=\"t13_159\">Increase from business combination (acquisition) </span><span class=\"S3723 SC5 S2\" id=\"t14_159\">0 </span><span class=\"S3724 SC5 S2\" id=\"t15_159\">0 </span><span class=\"S3725 SC5 S2\" id=\"t16_159\">Reduction due to harvesting </span><span class=\"S3726 SC5 S2\" id=\"t17_159\">-204 369 </span><span class=\"S3727 SC5 S2\" id=\"t18_159\">-218 153 </span><span class=\"S3728 SC5 S2\" id=\"t19_159\">Reduction due to incident-based mortality </span><span class=\"S3729 SC5 S2\" id=\"t1a_159\">-11 630 </span><span class=\"S372A SC5 S2\" id=\"t1b_159\">-9 760 </span><span class=\"S372B SC5 S2\" id=\"t1c_159\">Reduction due to accidental release </span><span class=\"S372C SC5 S2\" id=\"t1d_159\">-3 </span><span class=\"S372D SC5 S2\" id=\"t1e_159\">0 </span><span class=\"S372E SC4 S2\" id=\"t1f_159\">Live weight of \ufb01sh in sea at 31.12 </span><span class=\"S372F SC4 S2\" id=\"t1g_159\">97 923 </span><span class=\"S3730 SC4 S2\" id=\"t1h_159\">107 242 </span><span class=\"S3731 SC4 S2\" id=\"t1i_159\">Reconciliation of carrying amount of biological assets </span><span class=\"S3732 SC4 S2\" id=\"t1j_159\">Roe, fry, </span><span class=\"S3733 SC4 S2\" id=\"t1k_159\">smolt and </span><span class=\"S3734 SC4 S2\" id=\"t1l_159\">cleaner \ufb01sh* </span><span class=\"S3735 SC4 S2\" id=\"t1m_159\">Fish in sea </span><span class=\"S3736 SC4 S2\" id=\"t1n_159\">(salmon and </span><span class=\"S3737 SC4 S2\" id=\"t1o_159\">trout)* </span><span class=\"S3738 SC4 S2\" id=\"t1p_159\">Fair value </span><span class=\"S3739 SC4 S2\" id=\"t1q_159\">adjustment </span><span class=\"S373A SC4 S2\" id=\"t1r_159\">Total </span><span class=\"S373B SC4 S2\" id=\"t1s_159\">biological </span><span class=\"S373C SC4 S2\" id=\"t1t_159\">assets </span><span class=\"S373D SC4 S2\" id=\"t1u_159\">Biological assets 01.01.2021 </span><span class=\"S373E SC4 S2\" id=\"t1v_159\">362 065 </span><span class=\"S373F SC4 S2\" id=\"t1w_159\">4 231 901 </span><span class=\"S3740 SC4 S2\" id=\"t1x_159\">319 546 </span><span class=\"S3741 SC4 S2\" id=\"t1y_159\">4 913 512 </span><span class=\"S3742 SC4 S2\" id=\"t1z_159\">Changes in 2021 </span><span class=\"S3743 SC5 S2\" id=\"t20_159\">Increase from biological transformation (released and net growth) </span><span class=\"S3744 SC5 S2\" id=\"t21_159\">1 120 472 </span><span class=\"S3745 SC5 S2\" id=\"t22_159\">7 270 347 </span><span class=\"S3746 SC5 S2\" id=\"t23_159\">8 390 819 </span><span class=\"S3747 SC5 S2\" id=\"t24_159\">Increase from business combination (acquisition) </span><span class=\"S3748 SC5 S2\" id=\"t25_159\">0 </span><span class=\"S3749 SC5 S2\" id=\"t26_159\">Reduction due to sale and internal use (smolt and cleaner \ufb01sh) </span><span class=\"S374A SC5 S2\" id=\"t27_159\">-1 096 995 </span><span class=\"S374B SC5 S2\" id=\"t28_159\">-1 096 995 </span><span class=\"S374C SC5 S2\" id=\"t29_159\">Reduction due to harvest (salmon and trout) </span><span class=\"S374D SC5 S2\" id=\"t2a_159\">-7 208 145 </span><span class=\"S374E SC5 S2\" id=\"t2b_159\">-7 208 145 </span><span class=\"S374F SC5 S2\" id=\"t2c_159\">Reduction due to incident-based mortality </span><span class=\"S3750 SC5 S2\" id=\"t2d_159\">-175 191 </span><span class=\"S3751 SC5 S2\" id=\"t2e_159\">-175 191 </span><span class=\"S3752 SC5 S2\" id=\"t2f_159\">Reduction due to accidental release </span><span class=\"S3753 SC5 S2\" id=\"t2g_159\">0 </span><span class=\"S3754 SC5 S2\" id=\"t2h_159\">0 </span><span class=\"S3755 SC5 S2\" id=\"t2i_159\">Net change in fair value (\ufb01sh in sea) </span><span class=\"S3756 SC5 S2\" id=\"t2j_159\">1 131 092 </span><span class=\"S3757 SC5 S2\" id=\"t2k_159\">1 131 092 </span><span class=\"S3758 SC4 S2\" id=\"t2l_159\">Biological assets 31.12.2021 </span><span class=\"S3759 SC4 S2\" id=\"t2m_159\">385 542 </span><span class=\"S375A SC4 S2\" id=\"t2n_159\">4 118 913 </span><span class=\"S375B SC4 S2\" id=\"t2o_159\">1 450 638 </span><span class=\"S375C SC4 S2\" id=\"t2p_159\">5 955 092 </span><span class=\"S375D SC4 S2\" id=\"t2q_159\">Changes in 2022 </span><span class=\"S375E SC5 S2\" id=\"t2r_159\">Increase from biological transformation (released and net growth) </span><span class=\"S375F SC5 S2\" id=\"t2s_159\">1 300 597 </span><span class=\"S3760 SC5 S2\" id=\"t2t_159\">8 186 224 </span><span class=\"S3761 SC5 S2\" id=\"t2u_159\">9 486 821 </span><span class=\"S3762 SC5 S2\" id=\"t2v_159\">Increase from business combination (acquisition) </span><span class=\"S3763 SC5 S2\" id=\"t2w_159\">0 </span><span class=\"S3764 SC5 S2\" id=\"t2x_159\">Reduction due to sale and internal use (smolt and cleaner \ufb01sh) </span><span class=\"S3765 SC5 S2\" id=\"t2y_159\">-1 191 882 </span><span class=\"S3766 SC5 S2\" id=\"t2z_159\">-1 191 882 </span><span class=\"S3767 SC5 S2\" id=\"t30_159\">Reduction due to harvest (salmon and trout) </span><span class=\"S3768 SC5 S2\" id=\"t31_159\">-7 324 780 </span><span class=\"S3769 SC5 S2\" id=\"t32_159\">-7 324 780 </span><span class=\"S376A SC5 S2\" id=\"t33_159\">Reduction due to incident-based mortality </span><span class=\"S376B SC5 S2\" id=\"t34_159\">-17 750 </span><span class=\"S376C SC5 S2\" id=\"t35_159\">-347 260 </span><span class=\"S376D SC5 S2\" id=\"t36_159\">-365 011 </span><span class=\"S376E SC5 S2\" id=\"t37_159\">Reduction due to accidental release </span><span class=\"S376F SC5 S2\" id=\"t38_159\">-156 </span><span class=\"S3770 SC5 S2\" id=\"t39_159\">-156 </span><span class=\"S3771 SC5 S2\" id=\"t3a_159\">Net change in fair value (\ufb01sh in sea) </span><span class=\"S3772 SC5 S2\" id=\"t3b_159\">1 057 509 </span><span class=\"S3773 SC5 S2\" id=\"t3c_159\">1 057 509 </span><span class=\"S3774 SC4 S2\" id=\"t3d_159\">Biological assets 31.12.2022 </span><span class=\"S3775 SC4 S2\" id=\"t3e_159\">476 507 </span><span class=\"S3776 SC4 S2\" id=\"t3f_159\">4 632 940 </span><span class=\"S3777 SC4 S2\" id=\"t3g_159\">2 508 146 </span><span class=\"S3778 SC4 S2\" id=\"t3h_159\">7 617 593 </span><span class=\"S3779 SAF1 S2\" id=\"t3i_159\">* Carrying amount before fair value adjustment (historical cost minus charged mortality) </span><span class=\"S377B SC4 S2\" id=\"t1_160\">Harvest volume in GWT (slaughter weight in tonnes) </span><span class=\"S194B SC4 S2\" id=\"t2_160\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_160\">2021 </span><span class=\"S377C SC5 S2\" id=\"t4_160\">Salmon </span><span class=\"S377D SC5 S2\" id=\"t5_160\">151 942 </span><span class=\"S377E SC5 S2\" id=\"t6_160\">161 542 </span><span class=\"S377F SC5 S2\" id=\"t7_160\">Trout </span><span class=\"S3780 SC5 S2\" id=\"t8_160\">22 687 </span><span class=\"S3781 SC5 S2\" id=\"t9_160\">25 093 </span><span class=\"S3782 SC4 S2\" id=\"ta_160\">Total volume </span><span class=\"S3783 SC4 S2\" id=\"tb_160\">174 629 </span><span class=\"S3784 SC4 S2\" id=\"tc_160\">186 635 </span><span class=\"S3785 SAF1 S2\" id=\"td_160\">The table below shows how the total volume for \ufb01sh in the sea, live weight measured in tonnes, is distributed by weight </span><span class=\"S3786 SC4 S2\" id=\"te_160\">Groups of biological assets (LWT) </span><span class=\"S3787 SC4 S2\" id=\"tf_160\">2022 </span><span class=\"S3788 SC4 S2\" id=\"tg_160\">2021 </span><span class=\"S3789 SC4 S2\" id=\"th_160\">Distribution by live weight </span><span class=\"S378A SC5 S2\" id=\"ti_160\">Fish in sea, 0-1 kg </span><span class=\"S378B SC5 S2\" id=\"tj_160\">10 690 </span><span class=\"S378C SC5 S2\" id=\"tk_160\">8 595 </span><span class=\"S378D SC5 S2\" id=\"tl_160\">Fish in sea, 1-2 kg </span><span class=\"S378E SC5 S2\" id=\"tm_160\">17 707 </span><span class=\"S378F SC5 S2\" id=\"tn_160\">20 262 </span><span class=\"S3790 SC5 S2\" id=\"to_160\">Fish in sea, 2-3 kg </span><span class=\"S3791 SC5 S2\" id=\"tp_160\">20 597 </span><span class=\"S3792 SC5 S2\" id=\"tq_160\">26 084 </span><span class=\"S3793 SC5 S2\" id=\"tr_160\">Fish in sea, 3-4 kg </span><span class=\"S3794 SC5 S2\" id=\"ts_160\">35 865 </span><span class=\"S3795 SC5 S2\" id=\"tt_160\">30 526 </span><span class=\"S3796 SC5 S2\" id=\"tu_160\">Fish in sea, 4-4.65 kg for salmon / 4-4.8 kg for trout </span><span class=\"S3797 SC5 S2\" id=\"tv_160\">12 680 </span><span class=\"S3798 SC5 S2\" id=\"tw_160\">17 399 </span><span class=\"S3799 SC5 S2\" id=\"tx_160\">Fish in sea, more than 4.65 kg for salmon / more than 4.8 kg for trout (\ufb01sh ready for harvest) </span><span class=\"S379A SC5 S2\" id=\"ty_160\">384 </span><span class=\"S379B SC5 S2\" id=\"tz_160\">4 376 </span><span class=\"S379C SC4 S2\" id=\"t10_160\">Fish in sea, total salmon and trout </span><span class=\"S379D SC4 S2\" id=\"t11_160\">97 923 </span><span class=\"S379E SC4 S2\" id=\"t12_160\">107 242 </span><span class=\"S379F SC4 S2\" id=\"t13_160\">Distribution according to type of \ufb01sh </span><span class=\"S37A0 SC4 S2\" id=\"t14_160\">Fish ready for harvest </span><span class=\"S37A1 SC4 S2\" id=\"t15_160\">384 </span><span class=\"S37A2 SC4 S2\" id=\"t16_160\">4 376 </span><span class=\"S37A3 SC5 S2\" id=\"t17_160\">- Salmon (live weight &gt; 4.65 kg) </span><span class=\"S37A4 SC5 S2\" id=\"t18_160\">384 </span><span class=\"S37A5 SC5 S2\" id=\"t19_160\">3 789 </span><span class=\"S37A6 SC5 S2\" id=\"t1a_160\">- Trout (live weight &gt; 4.8 kg) </span><span class=\"S37A7 SC5 S2\" id=\"t1b_160\">0 </span><span class=\"S37A8 SC5 S2\" id=\"t1c_160\">587 </span><span class=\"S37A9 SC4 S2\" id=\"t1d_160\">Fish not ready for harvest (\ufb01sh with live weight &lt; 4.8 kg) </span><span class=\"S37AA SC4 S2\" id=\"t1e_160\">97 539 </span><span class=\"S37AB SC4 S2\" id=\"t1f_160\">102 866 </span><span class=\"S37AC SC5 S2\" id=\"t1g_160\">- Salmon </span><span class=\"S37AD SC5 S2\" id=\"t1h_160\">(live weight &lt; 4.65 kg) </span><span class=\"S37AE SC5 S2\" id=\"t1i_160\">85 007 </span><span class=\"S37AF SC5 S2\" id=\"t1j_160\">89 754 </span><span class=\"S37B0 SC5 S2\" id=\"t1k_160\">- Trout (live weight &lt; 4.8 kg) </span><span class=\"S37B1 SC5 S2\" id=\"t1l_160\">12 532 </span><span class=\"S37B2 SC5 S2\" id=\"t1m_160\">13 112 </span><span class=\"S37B3 SC4 S2\" id=\"t1n_160\">Total volum of \ufb01sh in sea (LWT) </span><span class=\"S37B4 SC4 S2\" id=\"t1o_160\">97 923 </span><span class=\"S37B5 SC4 S2\" id=\"t1p_160\">107 242 </span><span class=\"S37B6 SC5 S2\" id=\"t1q_160\">- Salmon </span><span class=\"S37B7 SC5 S2\" id=\"t1r_160\">85 391 </span><span class=\"S37B8 SC5 S2\" id=\"t1s_160\">93 543 </span><span class=\"S37B9 SC5 S2\" id=\"t1t_160\">- Trout </span><span class=\"S37BA SC5 S2\" id=\"t1u_160\">12 532 </span><span class=\"S37BB SC5 S2\" id=\"t1v_160\">13 699 </span><span class=\"S37BC SC4 S2\" id=\"t1w_160\">Number of individuals </span><span class=\"S37BD SC5 S2\" id=\"t1x_160\">Number of individuals, all groups (in 1,000) </span><span class=\"S37BE SC5 S2\" id=\"t1y_160\">53 951 </span><span class=\"S37BF SC5 S2\" id=\"t1z_160\">53 262 </span><span class=\"S37C0 SC4 S2\" id=\"t20_160\">2021 - Estimated future price during expected harvesting period </span><span class=\"S37C1 SC4 S2\" id=\"t21_160\">Forward price * </span><span class=\"S37C2 SC4 S2\" id=\"t22_160\">Exporter fee </span><span class=\"S37C3 SC4 S2\" id=\"t23_160\">Clearing cost </span><span class=\"S37C4 SC4 S2\" id=\"t24_160\">Net forward </span><span class=\"S37C5 SC4 S2\" id=\"t25_160\">price </span><span class=\"S37C6 SC5 S2\" id=\"t26_160\">Q1 2022 </span><span class=\"S37C7 SC5 S2\" id=\"t27_160\">67.73 </span><span class=\"S37C8 SC5 S2\" id=\"t28_160\">-0.75 </span><span class=\"S37C9 SC5 S2\" id=\"t29_160\">-0.185 </span><span class=\"S37CA SC5 S2\" id=\"t2a_160\">66.80 </span><span class=\"S37CB SC5 S2\" id=\"t2b_160\">Q2 2022 </span><span class=\"S37CC SC5 S2\" id=\"t2c_160\">67.30 </span><span class=\"S37CD SC5 S2\" id=\"t2d_160\">-0.75 </span><span class=\"S37CE SC5 S2\" id=\"t2e_160\">-0.185 </span><span class=\"S37CF SC5 S2\" id=\"t2f_160\">66.37 </span><span class=\"S37D0 SC5 S2\" id=\"t2g_160\">Q3 2022 </span><span class=\"S37D1 SC5 S2\" id=\"t2h_160\">55.50 </span><span class=\"S37D2 SC5 S2\" id=\"t2i_160\">-0.75 </span><span class=\"S37D3 SC5 S2\" id=\"t2j_160\">-0.185 </span><span class=\"S37D4 SC5 S2\" id=\"t2k_160\">54.57 </span><span class=\"S37D5 SC5 S2\" id=\"t2l_160\">Q4 2022 </span><span class=\"S37D6 SC5 S2\" id=\"t2m_160\">61.33 </span><span class=\"S37D7 SC5 S2\" id=\"t2n_160\">-0.75 </span><span class=\"S37D8 SC5 S2\" id=\"t2o_160\">-0.185 </span><span class=\"S37D9 SC5 S2\" id=\"t2p_160\">60.40 </span><span class=\"S37DA SC5 S2\" id=\"t2q_160\">Q1 2023 </span><span class=\"S37DB SC5 S2\" id=\"t2r_160\">64.07 </span><span class=\"S37DC SC5 S2\" id=\"t2s_160\">-0.75 </span><span class=\"S37DD SC5 S2\" id=\"t2t_160\">-0.185 </span><span class=\"S37DE SC5 S2\" id=\"t2u_160\">63.14 </span><span class=\"S37DF SC5 S2\" id=\"t2v_160\">Q2 2023 </span><span class=\"S37E0 SC5 S2\" id=\"t2w_160\">64.57 </span><span class=\"S37E1 SC5 S2\" id=\"t2x_160\">-0.75 </span><span class=\"S37E2 SC5 S2\" id=\"t2y_160\">-0.185 </span><span class=\"S37E3 SC5 S2\" id=\"t2z_160\">63.64 </span><span class=\"S37E4 SC4 S2\" id=\"t30_160\">2022 - Estimated future price during expected harvesting period </span><span class=\"S37E5 SC4 S2\" id=\"t31_160\">Forward price * </span><span class=\"S37E6 SC4 S2\" id=\"t32_160\">Exporter fee </span><span class=\"S37E7 SC4 S2\" id=\"t33_160\">Clearing cost </span><span class=\"S37E8 SC4 S2\" id=\"t34_160\">Net forward </span><span class=\"S37E9 SC4 S2\" id=\"t35_160\">price </span><span class=\"S37EA SC5 S2\" id=\"t36_160\">Q1 2023 </span><span class=\"S37EB SC5 S2\" id=\"t37_160\">91.75 </span><span class=\"S37EC SC5 S2\" id=\"t38_160\">-0.75 </span><span class=\"S37ED SC5 S2\" id=\"t39_160\">-0.34 </span><span class=\"S37EE SC5 S2\" id=\"t3a_160\">90.66 </span><span class=\"S37EF SC5 S2\" id=\"t3b_160\">Q2 2023 </span><span class=\"S37F0 SC5 S2\" id=\"t3c_160\">95.55 </span><span class=\"S37F1 SC5 S2\" id=\"t3d_160\">-0.75 </span><span class=\"S37F2 SC5 S2\" id=\"t3e_160\">-0.34 </span><span class=\"S37F3 SC5 S2\" id=\"t3f_160\">94.46 </span><span class=\"S37F4 SC5 S2\" id=\"t3g_160\">Q3 2023 </span><span class=\"S37F5 SC5 S2\" id=\"t3h_160\">76.48 </span><span class=\"S37F6 SC5 S2\" id=\"t3i_160\">-0.75 </span><span class=\"S37F7 SC5 S2\" id=\"t3j_160\">-0.34 </span><span class=\"S37F8 SC5 S2\" id=\"t3k_160\">75.39 </span><span class=\"S37F9 SC5 S2\" id=\"t3l_160\">Q4 2023 </span><span class=\"S37FA SC5 S2\" id=\"t3m_160\">78.22 </span><span class=\"S37FB SC5 S2\" id=\"t3n_160\">-0.75 </span><span class=\"S37FC SC5 S2\" id=\"t3o_160\">-0.34 </span><span class=\"S37FD SC5 S2\" id=\"t3p_160\">77.13 </span><span class=\"S37FE SC5 S2\" id=\"t3q_160\">Q1 2024 </span><span class=\"S37FF SC5 S2\" id=\"t3r_160\">84.33 </span><span class=\"S3800 SC5 S2\" id=\"t3s_160\">-0.75 </span><span class=\"S3801 SC5 S2\" id=\"t3t_160\">-0.34 </span><span class=\"S3802 SC5 S2\" id=\"t3u_160\">83.24 </span><span class=\"S3803 SC5 S2\" id=\"t3v_160\">Q2 2024 </span><span class=\"S3804 SC5 S2\" id=\"t3w_160\">87.50 </span><span class=\"S3805 SC5 S2\" id=\"t3x_160\">-0.75 </span><span class=\"S3806 SC5 S2\" id=\"t3y_160\">-0.34 </span><span class=\"S3807 SC5 S2\" id=\"t3z_160\">86.41 </span><span class=\"S3808 SAF1 S2\" id=\"t40_160\">* Quarterly forward price based on monthly forward prices sourced from Fish Pool at balance sheet date. </span><span class=\"S3809 SC7 S2\" id=\"t41_160\">Parameters applied for calculation of fair value </span><span class=\"S380A S1C40 S2\" id=\"t42_160\">Price parameters </span><span class=\"S1C3E S18EC S2\" id=\"t4a_160\">NOTE 11 cont. </span><span class=\"S36FD S18EC S2\" id=\"t4b_160\">Biological assets </span><span class=\"S380B SC8 S2\" id=\"t1_161\">Deductions are also made for well </span><span class=\"S380C SC8 S2\" id=\"t2_161\">boat services, slaughtering and </span><span class=\"S380D SC8 S2\" id=\"t3_161\">packaging (primary processing), and </span><span class=\"S380E SC8 S2\" id=\"t4_161\">transport to Oslo from the locality </span><span class=\"S380F SC8 S2\" id=\"t5_161\">being measured. </span><span class=\"S3810 SC8 S2\" id=\"t6_161\">Based on the above parameters, an </span><span class=\"S3811 SC8 S2\" id=\"t7_161\">estimated net price is calculated for </span><span class=\"S3812 SC8 S2\" id=\"t8_161\">each locality, and is then included in </span><span class=\"S3813 SC8 S2\" id=\"t9_161\">the cash \ufb02ow calculation in relation </span><span class=\"S3814 SC8 S2\" id=\"ta_161\">to the assessment of fair value. In </span><span class=\"S3815 SC8 S2\" id=\"tb_161\">connection with the sensitivity analysis </span><span class=\"S3816 SC8 S2\" id=\"tc_161\">conducted in the note on signi\ufb01cant </span><span class=\"S3817 SC8 S2\" id=\"td_161\">accounting estimates and </span><span class=\"S3818 SC8 S2\" id=\"te_161\">assessments, an estimated average </span><span class=\"S3819 SC8 S2\" id=\"tf_161\">net price is applied to all sizes. This is </span><span class=\"S381A SC8 S2\" id=\"tg_161\">calculated by dividing the total </span><span class=\"S381B SC8 S2\" id=\"th_161\">estimated net sales revenue per </span><span class=\"S381C SC8 S2\" id=\"ti_161\">locality by the total estimated </span><span class=\"S3009 SC8 S2\" id=\"tj_161\">volume (measured as slaughter </span><span class=\"S381D SC8 S2\" id=\"tk_161\">weight), based on projected weight </span><span class=\"S381E SC8 S2\" id=\"tl_161\">on the the date of harvest. </span><span class=\"S381F SC7 S2\" id=\"tm_161\">Description of signi\ufb01cant cost items </span><span class=\"S3820 SC7 S2\" id=\"tn_161\">originating from an incident, disease or </span><span class=\"S3821 SC7 S2\" id=\"to_161\">other factor related to biological assets </span><span class=\"S3822 S1C40 S2\" id=\"tp_161\">Accidental release in 2022 </span><span class=\"S3823 SC8 S2\" id=\"tq_161\">For the Group, all accidental release </span><span class=\"S3824 SC8 S2\" id=\"tr_161\">is taken seriously, and the Group\u2019s </span><span class=\"S3825 SC8 S2\" id=\"ts_161\">target is zero accidental release. </span><span class=\"S1C64 SC8 S2\" id=\"tt_161\">Accidental release may however occur </span><span class=\"S3826 SC8 S2\" id=\"tu_161\">randomly due to unforeseen incidents. </span><span class=\"S3827 SC8 S2\" id=\"tv_161\">All accidental releases are reported to </span><span class=\"S3828 SC8 S2\" id=\"tw_161\">the Directorate of Fisheries, irrespective </span><span class=\"S3829 SC8 S2\" id=\"tx_161\">of the scope of the accident. This </span><span class=\"S382A SC8 S2\" id=\"ty_161\">applies even if only one individual </span><span class=\"S382B SC8 S2\" id=\"tz_161\">has escaped. The Group has not </span><span class=\"S382C SC8 S2\" id=\"t10_161\">experienced any accidental release </span><span class=\"S382D SC8 S2\" id=\"t11_161\">of economic signi\ufb01cance in 2022. The </span><span class=\"S382E SC8 S2\" id=\"t12_161\">Group had 1 escape incident at Ler\u00f8y </span><span class=\"S382F SC8 S2\" id=\"t13_161\">Sj\u00f8troll where 1,560 \ufb01sh escaped, and </span><span class=\"S1C70 SC8 S2\" id=\"t14_161\">4 incidents in connections with lice </span><span class=\"S3830 SC8 S2\" id=\"t15_161\">counting, where totally 8 \ufb01sh escaped </span><span class=\"S3831 SC8 S2\" id=\"t16_161\">into the sea. In total only 1 568 </span><span class=\"S3832 SC8 S2\" id=\"t17_161\">individuals escaped from a total stock </span><span class=\"S3833 SC8 S2\" id=\"t18_161\">of approximately 53 million individuals. </span><span class=\"S3834 SC8 S2\" id=\"t19_161\">In addition Ler\u00f8y Midt was involved </span><span class=\"S3835 SC8 S2\" id=\"t1a_161\">in an incident where a well boat was </span><span class=\"S3836 SC8 S2\" id=\"t1b_161\">the cause of an escape incident, </span><span class=\"S3837 SC8 S2\" id=\"t1c_161\">where 8,976 \ufb01sh escaped. Regardless </span><span class=\"S3838 SC8 S2\" id=\"t1d_161\">of size, all incidents are described in </span><span class=\"S3839 SC8 S2\" id=\"t1e_161\">the sustainability report, available at </span><span class=\"S383A SC8 S2\" id=\"t1f_161\">www.leroyseafood.com. </span><span class=\"S383B S1C40 S2\" id=\"t1g_161\">Incident-based mortality </span><span class=\"S383C SC8 S2\" id=\"t1h_161\">The Group de\ufb01nes mortality as </span><span class=\"S383D SC8 S2\" id=\"t1i_161\">abnormal when more than a certain </span><span class=\"S383E SC8 S2\" id=\"t1j_161\">percentage of the total number of </span><span class=\"S383F SC8 S2\" id=\"t1k_161\">\ufb01sh die in the space of one month. In </span><span class=\"S3840 SC8 S2\" id=\"t1l_161\">region West this limit is 2.5% for salmon, </span><span class=\"S3841 SC8 S2\" id=\"t1m_161\">and otherwise 1.5%. For more detailed </span><span class=\"S3842 SC8 S2\" id=\"t1n_161\">information, see the note on </span><span class=\"S3843 SC8 S2\" id=\"t1o_161\">biological assets (I). </span><span class=\"S3844 SC8 S2\" id=\"t1p_161\">Abnormal mortality is de\ufb01ned as </span><span class=\"S3845 SC8 S2\" id=\"t1q_161\">incident-based mortality, and is </span><span class=\"S3846 SC8 S2\" id=\"t1r_161\">charged to the income statement in </span><span class=\"S3847 SC8 S2\" id=\"t1s_161\">the period in which it occurs. As in 2021 </span><span class=\"S3848 SC8 S2\" id=\"t1t_161\">most of the incident-based mortality </span><span class=\"S1CCF SC8 S2\" id=\"t1u_161\">in 2022 has been caused by sea lice </span><span class=\"S3849 SC8 S2\" id=\"t1v_161\">treatment. However, some mortality </span><span class=\"S384A SC8 S2\" id=\"t1w_161\">has been caused by diseases, like gill </span><span class=\"S384B SC8 S2\" id=\"t1x_161\">disease and CMS, together with </span><span class=\"S1CD3 SC8 S2\" id=\"t1y_161\">weakness from winter wounds. </span><span class=\"S384C SC8 S2\" id=\"t1z_161\">Fish health, including minimising </span><span class=\"S384D SC8 S2\" id=\"t20_161\">mortality, is the cornerstone of the </span><span class=\"S384E SC8 S2\" id=\"t21_161\">Group\u2019s strategy. There positive trend </span><span class=\"S384F SC8 S2\" id=\"t22_161\">in the number of sea lice treatments </span><span class=\"S3850 SC8 S2\" id=\"t23_161\">and related mortality, continued </span><span class=\"S3851 SC8 S2\" id=\"t24_161\">during \ufb01rst half of 2022. But in the </span><span class=\"S3852 SC8 S2\" id=\"t25_161\">second half of 2022, the number of </span><span class=\"S3853 SC8 S2\" id=\"t26_161\">sea lice treatments have increased, </span><span class=\"S3854 SC8 S2\" id=\"t27_161\">as well as the mortality following the </span><span class=\"S3855 SC8 S2\" id=\"t28_161\">treatments. The Group works </span><span class=\"S3856 SC8 S2\" id=\"t29_161\">continously with actions and </span><span class=\"S3857 SC8 S2\" id=\"t2a_161\">technology to solve this challenge. </span><span class=\"S3858 SC4 S2\" id=\"t2b_161\">Adjustments are also made for </span><span class=\"S18F0 SC4 S2\" id=\"t2c_161\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t2d_161\">2021 </span><span class=\"S3859 SC5 S2\" id=\"t2e_161\">Price premium (+/-) for trout </span><span class=\"S385A SC5 S2\" id=\"t2f_161\">0.00 </span><span class=\"S385B SC5 S2\" id=\"t2g_161\">-2.00 </span><span class=\"S385C SC5 S2\" id=\"t2h_161\">Price premium (+/-) for ecological salmon </span><span class=\"S385D SC5 S2\" id=\"t2i_161\">0.00 </span><span class=\"S385E SC5 S2\" id=\"t2j_161\">15.00 </span><span class=\"S385F SC5 S2\" id=\"t2k_161\">Price premium (+/-) for ASC certi\ufb01ed salmon </span><span class=\"S3860 SC5 S2\" id=\"t2l_161\">0.09 </span><span class=\"S3861 SC5 S2\" id=\"t2m_161\">0.00 </span><span class=\"S3862 SC5 S2\" id=\"t2n_161\">Reduction for quality differences, salmon </span><span class=\"S3863 SC5 S2\" id=\"t2o_161\">-1.30 </span><span class=\"S3864 SC5 S2\" id=\"t2p_161\">-1.30 </span><span class=\"S3865 SC5 S2\" id=\"t2q_161\">Reduction for quality differences, trout </span><span class=\"S3866 SC5 S2\" id=\"t2r_161\">-1.60 </span><span class=\"S3867 SC5 S2\" id=\"t2s_161\">-1.68 </span><span class=\"S3868 SC5 S2\" id=\"t2t_161\">Reduction for size differences, salmon </span><span class=\"S3869 SC5 S2\" id=\"t2u_161\">-0.26 </span><span class=\"S386A SC5 S2\" id=\"t2v_161\">-0.26 </span><span class=\"S386B SC5 S2\" id=\"t2w_161\">Reduction for size differences, trout </span><span class=\"S386C SC5 S2\" id=\"t2x_161\">-0.80 </span><span class=\"S386D SC5 S2\" id=\"t2y_161\">-0.80 </span><span class=\"S386E SC4 S2\" id=\"t2z_161\">Other parameters </span><span class=\"S386F SC4 S2\" id=\"t30_161\">2022 </span><span class=\"S3870 SC4 S2\" id=\"t31_161\">2021 </span><span class=\"S3871 SC5 S2\" id=\"t32_161\">Estimated average net price, all sizes (kr/kg), after primary processing and freight costs </span><span class=\"S3872 SC5 S2\" id=\"t33_161\">74.4 </span><span class=\"S3873 SC5 S2\" id=\"t34_161\">56.1 </span><span class=\"S3874 SC5 S2\" id=\"t35_161\">Projected mortality in relation to number of individuals per month in North Norway </span><span class=\"S3875 SC5 S2\" id=\"t36_161\">0.45 % </span><span class=\"S3876 SC5 S2\" id=\"t37_161\">0.45 % </span><span class=\"S3877 SC5 S2\" id=\"t38_161\">Projected mortality in relation to number of individuals per month in Central Norway </span><span class=\"S3878 SC5 S2\" id=\"t39_161\">0.60 % </span><span class=\"S3879 SC5 S2\" id=\"t3a_161\">0.60 % </span><span class=\"S387A SC5 S2\" id=\"t3b_161\">Projected mortality in relation to number of individuals per month in West Norway </span><span class=\"S387B SC5 S2\" id=\"t3c_161\">2.50 % </span><span class=\"S387C SC5 S2\" id=\"t3d_161\">1.10 % </span><span class=\"S387D SC5 S2\" id=\"t3e_161\">Slaughtering loss for salmon, for recalculation from live weight to gutted weight </span><span class=\"S387E SC5 S2\" id=\"t3f_161\">14 % </span><span class=\"S387F SC5 S2\" id=\"t3g_161\">14 % </span><span class=\"S3880 SC5 S2\" id=\"t3h_161\">Slaughtering loss for trout, for recalculation from live weight to gutted weight </span><span class=\"S3881 SC5 S2\" id=\"t3i_161\">16 % </span><span class=\"S3882 SC5 S2\" id=\"t3j_161\">16 % </span><span class=\"S3883 SC5 S2\" id=\"t3k_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, salmon </span><span class=\"S3884 SC5 S2\" id=\"t3l_161\">4.65 kg </span><span class=\"S3885 SC5 S2\" id=\"t3m_161\">4.65 kg </span><span class=\"S3886 SC5 S2\" id=\"t3n_161\">Weight (life weight) for when the \ufb01sh is considered to be ready for harvest, trout </span><span class=\"S3887 SC5 S2\" id=\"t3o_161\">4.76 kg </span><span class=\"S3888 SC5 S2\" id=\"t3p_161\">4.76 kg </span><span class=\"S3889 SC5 S2\" id=\"t3q_161\">Discount rate (monthly) </span><span class=\"S388A SC5 S2\" id=\"t3r_161\">4 % </span><span class=\"S388B SC5 S2\" id=\"t3s_161\">4 % </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f17267": {
   "value": "<span class=\"S3631 S1C40 S2\" id=\"t4_157\">Other investments </span><span class=\"S3684 SC4 S2\" id=\"t2f_157\">Other shares as of 31.12.2022 </span><span class=\"S3685 SC4 S2\" id=\"t2g_157\">Ownership / voting share </span><span class=\"S3686 SC4 S2\" id=\"t2h_157\">Cost price </span><span class=\"S3687 SC4 S2\" id=\"t2i_157\">Fair value </span><span class=\"S3688 SC4 S2\" id=\"t2j_157\">Carrying value </span><span class=\"S3689 SC5 S2\" id=\"t2k_157\">Various minor shareholdings </span><span class=\"S368A SC5 S2\" id=\"t2l_157\">Insigni\ufb01cant </span><span class=\"S368B SC5 S2\" id=\"t2m_157\">16 699 </span><span class=\"S368C SC5 S2\" id=\"t2n_157\">16 699 </span><span class=\"S368D SC5 S2\" id=\"t2o_157\">16 699 </span><span class=\"S368E SC4 S2\" id=\"t2p_157\">Total </span><span class=\"S368F SC4 S2\" id=\"t2q_157\">16 699 </span><span class=\"S3690 SC4 S2\" id=\"t2r_157\">16 699 </span><span class=\"S3691 SC4 S2\" id=\"t2s_157\">16 699 </span><span class=\"S3692 SC5 S2\" id=\"t2t_157\">Considering the immaterial value of the assets, historic cost has been applied as the best estimate for fair value. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f17268": {
   "value": "<span class=\"S3631 S1C40 S2\" id=\"t4_157\">Other investments </span><span class=\"S3684 SC4 S2\" id=\"t2f_157\">Other shares as of 31.12.2022 </span><span class=\"S3685 SC4 S2\" id=\"t2g_157\">Ownership / voting share </span><span class=\"S3686 SC4 S2\" id=\"t2h_157\">Cost price </span><span class=\"S3687 SC4 S2\" id=\"t2i_157\">Fair value </span><span class=\"S3688 SC4 S2\" id=\"t2j_157\">Carrying value </span><span class=\"S3689 SC5 S2\" id=\"t2k_157\">Various minor shareholdings </span><span class=\"S368A SC5 S2\" id=\"t2l_157\">Insigni\ufb01cant </span><span class=\"S368B SC5 S2\" id=\"t2m_157\">16 699 </span><span class=\"S368C SC5 S2\" id=\"t2n_157\">16 699 </span><span class=\"S368D SC5 S2\" id=\"t2o_157\">16 699 </span><span class=\"S368E SC4 S2\" id=\"t2p_157\">Total </span><span class=\"S368F SC4 S2\" id=\"t2q_157\">16 699 </span><span class=\"S3690 SC4 S2\" id=\"t2r_157\">16 699 </span><span class=\"S3691 SC4 S2\" id=\"t2s_157\">16 699 </span><span class=\"S3692 SC5 S2\" id=\"t2t_157\">Considering the immaterial value of the assets, historic cost has been applied as the best estimate for fair value. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18040": {
   "value": "<span class=\"S38BE S18EC S2\" id=\"t1m_162\">NOTE 12 </span><span class=\"S38BF S18EC S2\" id=\"t1n_162\">Other inventories </span><span class=\"S388D SC4 S2\" id=\"t1_162\">Other inventories consist of </span><span class=\"S194B SC4 S2\" id=\"t2_162\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_162\">2021 </span><span class=\"S388E SC5 S2\" id=\"t4_162\">Feed, packaging materials, auxiliary and other </span><span class=\"S388F SC5 S2\" id=\"t5_162\">533 614 </span><span class=\"S3890 SC5 S2\" id=\"t6_162\">290 324 </span><span class=\"S3891 SC5 S2\" id=\"t7_162\">Raw materials, including catches onboard on trawling wessels </span><span class=\"S3892 SC5 S2\" id=\"t8_162\">494 886 </span><span class=\"S3893 SC5 S2\" id=\"t9_162\">294 209 </span><span class=\"S3894 SC5 S2\" id=\"ta_162\">Work in progress </span><span class=\"S3895 SC5 S2\" id=\"tb_162\">49 821 </span><span class=\"S3896 SC5 S2\" id=\"tc_162\">66 198 </span><span class=\"S3897 SC5 S2\" id=\"td_162\">Finished goods / goods for sale </span><span class=\"S3898 SC5 S2\" id=\"te_162\">1 237 635 </span><span class=\"S3899 SC5 S2\" id=\"tf_162\">614 086 </span><span class=\"S389A SC5 S2\" id=\"tg_162\">Write-down of inventories re obsolescence </span><span class=\"S389B SC5 S2\" id=\"th_162\">-8 059 </span><span class=\"S389C SC5 S2\" id=\"ti_162\">-8 128 </span><span class=\"S389D SC4 S2\" id=\"tj_162\">Total other inventories </span><span class=\"S389E SC4 S2\" id=\"tk_162\">2 307 897 </span><span class=\"S389F SC4 S2\" id=\"tl_162\">1 256 689 </span><span class=\"S38A0 SC4 S2\" id=\"tm_162\">Change in stock of biological assets at cost, raw materials and \ufb01nished products </span><span class=\"S38A1 SC4 S2\" id=\"tn_162\">2022 </span><span class=\"S38A2 SC4 S2\" id=\"to_162\">2021 </span><span class=\"S38A3 SC5 S2\" id=\"tp_162\">Biological assets at cost </span><span class=\"S38A4 SC5 S2\" id=\"tq_162\">5 109 448 </span><span class=\"S38A5 SC5 S2\" id=\"tr_162\">4 504 454 </span><span class=\"S38A6 SC5 S2\" id=\"ts_162\">Total other inventories </span><span class=\"S38A7 SC5 S2\" id=\"tt_162\">2 307 897 </span><span class=\"S38A8 SC5 S2\" id=\"tu_162\">1 256 689 </span><span class=\"S38A9 SC4 S2\" id=\"tv_162\">Total inventory at cost </span><span class=\"S38AA SC4 S2\" id=\"tw_162\">7 417 345 </span><span class=\"S38AB SC4 S2\" id=\"tx_162\">5 761 143 </span><span class=\"S38AC SC5 S2\" id=\"ty_162\">Total inventory at cost 01.01 </span><span class=\"S38AD SC5 S2\" id=\"tz_162\">5 761 143 </span><span class=\"S38AE SC5 S2\" id=\"t10_162\">5 688 537 </span><span class=\"S38AF SC5 S2\" id=\"t11_162\">Total inventory at cost 31.12 </span><span class=\"S38B0 SC5 S2\" id=\"t12_162\">7 417 345 </span><span class=\"S38B1 SC5 S2\" id=\"t13_162\">5 761 143 </span><span class=\"S38B2 SC4 S2\" id=\"t14_162\">Change </span><span class=\"S38B3 SC4 S2\" id=\"t15_162\">1 656 202 </span><span class=\"S38B4 SC4 S2\" id=\"t16_162\">72 606 </span><span class=\"S38B5 SAF1 S2\" id=\"t17_162\">Positive change in inventory represents a cost reduction </span><span class=\"S38B6 SAF1 S2\" id=\"t18_162\">Negative change in inventory represents a cost increase </span><span class=\"S38B7 SC5 S2\" id=\"t19_162\">Change in inventory included in translation differences related to subsidiaries - through OCI </span><span class=\"S38B8 SC5 S2\" id=\"t1a_162\">0 </span><span class=\"S38B9 SC5 S2\" id=\"t1b_162\">-22 262 </span><span class=\"S38BA SC4 S2\" id=\"t1c_162\">Change in inventory - through the income statement </span><span class=\"S38BB SC4 S2\" id=\"t1d_162\">1 656 202 </span><span class=\"S38BC SC4 S2\" id=\"t1e_162\">94 868 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18049": {
   "value": "<span class=\"S38C0 SC4 S2\" id=\"t1_163\">Receivables as of 31.12 </span><span class=\"S38C1 SC4 S2\" id=\"t2_163\">Classi\ufb01cation </span><span class=\"S38C2 SC4 S2\" id=\"t3_163\">2022 </span><span class=\"S38C3 SC4 S2\" id=\"t4_163\">2021 </span><span class=\"S38C4 SC5 S2\" id=\"t5_163\">Non-current receivables </span><span class=\"S38C5 SC5 S2\" id=\"t6_163\">Non-current </span><span class=\"S38C6 SC5 S2\" id=\"t7_163\">123 314 </span><span class=\"S38C7 SC5 S2\" id=\"t8_163\">88 027 </span><span class=\"S38C8 SC5 S2\" id=\"t9_163\">Trade receivables </span><span class=\"S38C9 SC5 S2\" id=\"ta_163\">Current </span><span class=\"S38CA SC5 S2\" id=\"tb_163\">2 716 977 </span><span class=\"S38CB SC5 S2\" id=\"tc_163\">2 174 193 </span><span class=\"S38CC SC5 S2\" id=\"td_163\">Other current receivables </span><span class=\"S38CD SC5 S2\" id=\"te_163\">Current </span><span class=\"S38CE SC5 S2\" id=\"tf_163\">555 273 </span><span class=\"S38CF SC5 S2\" id=\"tg_163\">595 023 </span><span class=\"S38D0 SC4 S2\" id=\"th_163\">Total </span><span class=\"S38D1 SC4 S2\" id=\"ti_163\">3 395 564 </span><span class=\"S38D2 SC4 S2\" id=\"tj_163\">2 857 243 </span><span class=\"S38D3 SC4 S2\" id=\"tk_163\">Non-current receivables by currency </span><span class=\"S38D4 SC4 S2\" id=\"tl_163\">2022 </span><span class=\"S38D5 SC4 S2\" id=\"tm_163\">2021 </span><span class=\"S38D6 SC5 S2\" id=\"tn_163\">NOK </span><span class=\"S38D7 SC5 S2\" id=\"to_163\">121 625 </span><span class=\"S38D8 SC5 S2\" id=\"tp_163\">81 058 </span><span class=\"S38D9 SC5 S2\" id=\"tq_163\">EUR </span><span class=\"S38DA SC5 S2\" id=\"tr_163\">1 689 </span><span class=\"S38DB SC5 S2\" id=\"ts_163\">6 853 </span><span class=\"S38DC SC5 S2\" id=\"tt_163\">Other currencies </span><span class=\"S38DD SC5 S2\" id=\"tu_163\">0 </span><span class=\"S38DE SC5 S2\" id=\"tv_163\">116 </span><span class=\"S38DF SC4 S2\" id=\"tw_163\">Total </span><span class=\"S38E0 SC4 S2\" id=\"tx_163\">123 314 </span><span class=\"S38E1 SC4 S2\" id=\"ty_163\">88 027 </span><span class=\"S38E2 SC4 S2\" id=\"tz_163\">Trade receivables 31.12 - aging </span><span class=\"S38E3 SC4 S2\" id=\"t10_163\">2022 </span><span class=\"S38E4 SC4 S2\" id=\"t11_163\">2021 </span><span class=\"S38E5 SC5 S2\" id=\"t12_163\">Not due </span><span class=\"S38E6 SC5 S2\" id=\"t13_163\">2 136 733 </span><span class=\"S38E7 SC5 S2\" id=\"t14_163\">1 917 865 </span><span class=\"S38E8 SC5 S2\" id=\"t15_163\">Due, 0 to 3 months </span><span class=\"S38E9 SC5 S2\" id=\"t16_163\">548 873 </span><span class=\"S38EA SC5 S2\" id=\"t17_163\">248 761 </span><span class=\"S38EB SC5 S2\" id=\"t18_163\">Due, 3 to 6 months </span><span class=\"S38EC SC5 S2\" id=\"t19_163\">34 841 </span><span class=\"S38ED SC5 S2\" id=\"t1a_163\">12 394 </span><span class=\"S38EE SC5 S2\" id=\"t1b_163\">Due, more than 6 months </span><span class=\"S38EF SC5 S2\" id=\"t1c_163\">31 507 </span><span class=\"S38F0 SC5 S2\" id=\"t1d_163\">18 649 </span><span class=\"S38F1 SC4 S2\" id=\"t1e_163\">Total </span><span class=\"S38F2 SC4 S2\" id=\"t1f_163\">2 751 955 </span><span class=\"S38F3 SC4 S2\" id=\"t1g_163\">2 197 669 </span><span class=\"S38F4 SC4 S2\" id=\"t1h_163\">Trade receivables 31.12 - provision </span><span class=\"S38F5 SC4 S2\" id=\"t1i_163\">2022 </span><span class=\"S38F6 SC4 S2\" id=\"t1j_163\">2021 </span><span class=\"S38F7 SC5 S2\" id=\"t1k_163\">Not due </span><span class=\"S38F8 SC5 S2\" id=\"t1l_163\">3 391 </span><span class=\"S38F9 SC5 S2\" id=\"t1m_163\">5 116 </span><span class=\"S38FA SC5 S2\" id=\"t1n_163\">Due, 0 to 3 months </span><span class=\"S38FB SC5 S2\" id=\"t1o_163\">6 070 </span><span class=\"S38FC SC5 S2\" id=\"t1p_163\">4 627 </span><span class=\"S38FD SC5 S2\" id=\"t1q_163\">Due, 3 to 6 months </span><span class=\"S38FE SC5 S2\" id=\"t1r_163\">2 454 </span><span class=\"S38FF SC5 S2\" id=\"t1s_163\">434 </span><span class=\"S3900 SC5 S2\" id=\"t1t_163\">Due, more than 6 months </span><span class=\"S3901 SC5 S2\" id=\"t1u_163\">23 063 </span><span class=\"S3902 SC5 S2\" id=\"t1v_163\">13 299 </span><span class=\"S3903 SC4 S2\" id=\"t1w_163\">Total </span><span class=\"S3904 SC4 S2\" id=\"t1x_163\">34 977 </span><span class=\"S3905 SC4 S2\" id=\"t1y_163\">23 476 </span><span class=\"S3906 SC4 S2\" id=\"t1z_163\">Non-current receivables </span><span class=\"S3907 SC4 S2\" id=\"t20_163\">2022 </span><span class=\"S3908 SC4 S2\" id=\"t21_163\">2021 </span><span class=\"S3909 SC5 S2\" id=\"t22_163\">Loan to associates </span><span class=\"S390A SC5 S2\" id=\"t23_163\">17 796 </span><span class=\"S390B SC5 S2\" id=\"t24_163\">17 805 </span><span class=\"S390C SC5 S2\" id=\"t25_163\">Loans to employees, including CEOs </span><span class=\"S390D SC5 S2\" id=\"t26_163\">4 290 </span><span class=\"S390E SC5 S2\" id=\"t27_163\">3 177 </span><span class=\"S390F SC5 S2\" id=\"t28_163\">Loans to \ufb01shermen </span><span class=\"S3910 SC5 S2\" id=\"t29_163\">37 300 </span><span class=\"S3911 SC5 S2\" id=\"t2a_163\">34 787 </span><span class=\"S3731 SC5 S2\" id=\"t2b_163\">Loans to others </span><span class=\"S3912 SC5 S2\" id=\"t2c_163\">1 500 </span><span class=\"S3913 SC5 S2\" id=\"t2d_163\">166 </span><span class=\"S3914 SC5 S2\" id=\"t2e_163\">Financial instruments with positive fair value, non-current (see note 14) </span><span class=\"S3915 SC5 S2\" id=\"t2f_163\">39 160 </span><span class=\"S3916 SC5 S2\" id=\"t2g_163\">9 121 </span><span class=\"S3917 SC5 S2\" id=\"t2h_163\">Deposits (mainly Norges R\u00e5\ufb01sklag) </span><span class=\"S3918 SC5 S2\" id=\"t2i_163\">17 013 </span><span class=\"S3919 SC5 S2\" id=\"t2j_163\">22 566 </span><span class=\"S391A SC5 S2\" id=\"t2k_163\">Other receivables and periodisations </span><span class=\"S391B SC5 S2\" id=\"t2l_163\">6 254 </span><span class=\"S391C SC5 S2\" id=\"t2m_163\">405 </span><span class=\"S391D SC4 S2\" id=\"t2n_163\">Total </span><span class=\"S391E SC4 S2\" id=\"t2o_163\">123 314 </span><span class=\"S391F SC4 S2\" id=\"t2p_163\">88 027 </span><span class=\"S3920 SC7 S2\" id=\"t2q_163\">Total receivables </span><span class=\"S3921 SC7 S2\" id=\"t2r_163\">Trade receivables </span><span class=\"S3922 SC7 S2\" id=\"t2s_163\">Non-current receivables </span><span class=\"S3923 SC5 S2\" id=\"t2t_163\">The Group normally invoices the agreed transaction price upon delivery of the goods.\u00a0Payment is typically due within 30 - 60 days.\u00a0The Group </span><span class=\"S3924 SC5 S2\" id=\"t2u_163\">arranges for third parties to distribute the goods to the customers and carries the incurred distribution costs itself. The customers cover these </span><span class=\"S3925 SC5 S2\" id=\"t2v_163\">costs through the agreed transaction price. </span><span class=\"S3926 SC5 S2\" id=\"t2w_163\">All but an insigni\ufb01cant part of the Group\u2019s trade receivables are covered by credit insurance or other forms of surety. The loss deductible on </span><span class=\"S3927 SC5 S2\" id=\"t2x_163\">credit insured trade receivables is 10%. </span><span class=\"S3928 SC5 S2\" id=\"t2y_163\">By the end of February 2023 94.3% of trade receivables (nominal value) had been collected, compared with 94.6% in the previous year. This </span><span class=\"S3929 SC5 S2\" id=\"t2z_163\">represents 95.6% of book value, which is the same as previous year. </span><span class=\"S392A SC4 S2\" id=\"t30_163\">Trade receivables </span><span class=\"S392B SC4 S2\" id=\"t31_163\">2022 </span><span class=\"S392C SC4 S2\" id=\"t32_163\">2021 </span><span class=\"S392D SC5 S2\" id=\"t33_163\">Nominal value </span><span class=\"S392E SC5 S2\" id=\"t34_163\">2 751 955 </span><span class=\"S392F SC5 S2\" id=\"t35_163\">2 197 669 </span><span class=\"S3930 SC5 S2\" id=\"t36_163\">Provision for bad debts </span><span class=\"S3931 SC5 S2\" id=\"t37_163\">-34 977 </span><span class=\"S3932 SC5 S2\" id=\"t38_163\">-23 476 </span><span class=\"S3933 SC4 S2\" id=\"t39_163\">Total trade receivables </span><span class=\"S3934 SC4 S2\" id=\"t3a_163\">2 716 977 </span><span class=\"S3935 SC4 S2\" id=\"t3b_163\">2 174 193 </span><span class=\"S3936 S18EC S2\" id=\"t3j_163\">NOTE 13 </span><span class=\"S3937 S18EC S2\" id=\"t3k_163\">Receivables </span><span class=\"S3938 SC4 S2\" id=\"t1_164\">Trade receivables 31.12 - no provision </span><span class=\"S194B SC4 S2\" id=\"t2_164\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_164\">2021 </span><span class=\"S3939 SC5 S2\" id=\"t4_164\">Not due </span><span class=\"S393A SC5 S2\" id=\"t5_164\">2 133 342 </span><span class=\"S393B SC5 S2\" id=\"t6_164\">1 912 749 </span><span class=\"S393C SC5 S2\" id=\"t7_164\">Due, 0 to 3 months </span><span class=\"S393D SC5 S2\" id=\"t8_164\">542 803 </span><span class=\"S393E SC5 S2\" id=\"t9_164\">244 134 </span><span class=\"S393F SC5 S2\" id=\"ta_164\">Due, 3 to 6 months </span><span class=\"S3940 SC5 S2\" id=\"tb_164\">32 387 </span><span class=\"S3941 SC5 S2\" id=\"tc_164\">11 960 </span><span class=\"S3942 SC5 S2\" id=\"td_164\">Due, more than 6 months </span><span class=\"S3943 SC5 S2\" id=\"te_164\">8 444 </span><span class=\"S3944 SC5 S2\" id=\"tf_164\">5 350 </span><span class=\"S3945 SC4 S2\" id=\"tg_164\">Total </span><span class=\"S3946 SC4 S2\" id=\"th_164\">2 716 977 </span><span class=\"S3947 SC4 S2\" id=\"ti_164\">2 174 193 </span><span class=\"S3948 SC4 S2\" id=\"tj_164\">Lifetime expected loss allowance for provision </span><span class=\"S3949 SC4 S2\" id=\"tk_164\">2022 </span><span class=\"S394A SC4 S2\" id=\"tl_164\">2021 </span><span class=\"S394B SC5 S2\" id=\"tm_164\">Not due </span><span class=\"S394C SC5 S2\" id=\"tn_164\">0.2 % </span><span class=\"S394D SC5 S2\" id=\"to_164\">0.3 % </span><span class=\"S394E SC5 S2\" id=\"tp_164\">Due, 0 to 3 months </span><span class=\"S394F SC5 S2\" id=\"tq_164\">1.1 % </span><span class=\"S3950 SC5 S2\" id=\"tr_164\">1.9 % </span><span class=\"S3951 SC5 S2\" id=\"ts_164\">Due, 3 to 6 months </span><span class=\"S3952 SC5 S2\" id=\"tt_164\">7.0 % </span><span class=\"S3953 SC5 S2\" id=\"tu_164\">3.5 % </span><span class=\"S3954 SC5 S2\" id=\"tv_164\">Due, more than 6 months </span><span class=\"S3955 SC5 S2\" id=\"tw_164\">73.2 % </span><span class=\"S3956 SC5 S2\" id=\"tx_164\">71.3 % </span><span class=\"S3957 SC4 S2\" id=\"ty_164\">Total </span><span class=\"S3958 SC4 S2\" id=\"tz_164\">1.3 % </span><span class=\"S3959 SC4 S2\" id=\"t10_164\">1.1 % </span><span class=\"S395A SC4 S2\" id=\"t11_164\">Movements in provision for bad debt are as follows </span><span class=\"S395B SC4 S2\" id=\"t12_164\">2022 </span><span class=\"S395C SC4 S2\" id=\"t13_164\">2021 </span><span class=\"S395D SC5 S2\" id=\"t14_164\">Provision 01.01 </span><span class=\"S395E SC5 S2\" id=\"t15_164\">23 476 </span><span class=\"S395F SC5 S2\" id=\"t16_164\">23 688 </span><span class=\"S3960 SC5 S2\" id=\"t17_164\">Business combinations </span><span class=\"S3961 SC5 S2\" id=\"t18_164\">0 </span><span class=\"S3962 SC5 S2\" id=\"t19_164\">2 335 </span><span class=\"S3963 SC5 S2\" id=\"t1a_164\">This years change in provisions, recognised in the income statement </span><span class=\"S3964 SC5 S2\" id=\"t1b_164\">11 121 </span><span class=\"S3965 SC5 S2\" id=\"t1c_164\">-1 437 </span><span class=\"S3966 SC5 S2\" id=\"t1d_164\">Currency translation differences </span><span class=\"S3967 SC5 S2\" id=\"t1e_164\">380 </span><span class=\"S3968 SC5 S2\" id=\"t1f_164\">-1 110 </span><span class=\"S3969 SC4 S2\" id=\"t1g_164\">Provision 31.12 </span><span class=\"S396A SC4 S2\" id=\"t1h_164\">34 977 </span><span class=\"S396B SC4 S2\" id=\"t1i_164\">23 476 </span><span class=\"S396C SC4 S2\" id=\"t1j_164\">Net loss on account receivables included in the income statement </span><span class=\"S396D SC4 S2\" id=\"t1k_164\">2022 </span><span class=\"S396E SC4 S2\" id=\"t1l_164\">2021 </span><span class=\"S396F SC5 S2\" id=\"t1m_164\">Net change in provision for bad debt </span><span class=\"S3970 SC5 S2\" id=\"t1n_164\">11 121 </span><span class=\"S3971 SC5 S2\" id=\"t1o_164\">-1 437 </span><span class=\"S3972 SC5 S2\" id=\"t1p_164\">Receivables written off during the year as uncollectable </span><span class=\"S3973 SC5 S2\" id=\"t1q_164\">2 914 </span><span class=\"S3974 SC5 S2\" id=\"t1r_164\">1 665 </span><span class=\"S3975 SC5 S2\" id=\"t1s_164\">Receivables written off, recovered </span><span class=\"S3976 SC5 S2\" id=\"t1t_164\">-6 958 </span><span class=\"S3977 SC5 S2\" id=\"t1u_164\">-138 </span><span class=\"S3978 SC4 S2\" id=\"t1v_164\">Total cost (+) / cost reduction (-) </span><span class=\"S3979 SC4 S2\" id=\"t1w_164\">7 076 </span><span class=\"S397A SC4 S2\" id=\"t1x_164\">90 </span><span class=\"S397B SAF1 S2\" id=\"t1y_164\">Included in other operating expenses </span><span class=\"S397C SC4 S2\" id=\"t1z_164\">Trade receivables by currency </span><span class=\"S397D SC4 S2\" id=\"t20_164\">2022 </span><span class=\"S397E SC4 S2\" id=\"t21_164\">2021 </span><span class=\"S397F SC5 S2\" id=\"t22_164\">NOK </span><span class=\"S3980 SC5 S2\" id=\"t23_164\">745 109 </span><span class=\"S3981 SC5 S2\" id=\"t24_164\">653 930 </span><span class=\"S3982 SC5 S2\" id=\"t25_164\">SEK </span><span class=\"S3983 SC5 S2\" id=\"t26_164\">320 554 </span><span class=\"S3984 SC5 S2\" id=\"t27_164\">105 894 </span><span class=\"S3985 SC5 S2\" id=\"t28_164\">DKK </span><span class=\"S3986 SC5 S2\" id=\"t29_164\">152 377 </span><span class=\"S3987 SC5 S2\" id=\"t2a_164\">110 180 </span><span class=\"S3988 SC5 S2\" id=\"t2b_164\">GBP </span><span class=\"S3989 SC5 S2\" id=\"t2c_164\">0 </span><span class=\"S398A SC5 S2\" id=\"t2d_164\">32 778 </span><span class=\"S398B SC5 S2\" id=\"t2e_164\">EUR </span><span class=\"S398C SC5 S2\" id=\"t2f_164\">1 337 754 </span><span class=\"S398D SC5 S2\" id=\"t2g_164\">938 538 </span><span class=\"S398E SC5 S2\" id=\"t2h_164\">USD </span><span class=\"S398F SC5 S2\" id=\"t2i_164\">122 877 </span><span class=\"S3990 SC5 S2\" id=\"t2j_164\">273 289 </span><span class=\"S3991 SC5 S2\" id=\"t2k_164\">JPY </span><span class=\"S3992 SC5 S2\" id=\"t2l_164\">0 </span><span class=\"S3993 SC5 S2\" id=\"t2m_164\">33 392 </span><span class=\"S3994 SC5 S2\" id=\"t2n_164\">Other currencies </span><span class=\"S3995 SC5 S2\" id=\"t2o_164\">38 306 </span><span class=\"S3996 SC5 S2\" id=\"t2p_164\">26 192 </span><span class=\"S3997 SC4 S2\" id=\"t2q_164\">Total trade receivables </span><span class=\"S3998 SC4 S2\" id=\"t2r_164\">2 716 977 </span><span class=\"S3999 SC4 S2\" id=\"t2s_164\">2 174 193 </span><span class=\"S399A SC5 S2\" id=\"t2t_164\">The Group has international operations and is exposed to currency risk in several currencies. Receivables are recognised at market rate on </span><span class=\"S399B SC5 S2\" id=\"t2u_164\">balance sheet date. Forward contracts are utilised to the greatest extent possible to eliminate currency risk related to outstanding trade </span><span class=\"S399C SC5 S2\" id=\"t2v_164\">receivables. See the note on \ufb01nancial instruments. </span><span class=\"S399D SC7 S2\" id=\"t2w_164\">Other current receivables </span><span class=\"S399E SC8 S2\" id=\"t2x_164\">Other current receivables are due within a year, and are classi\ufb01ed as current assets. </span><span class=\"S399F SC4 S2\" id=\"t2y_164\">Other current receivables </span><span class=\"S39A0 SC4 S2\" id=\"t2z_164\">2022 </span><span class=\"S39A1 SC4 S2\" id=\"t30_164\">2021 </span><span class=\"S39A2 SC5 S2\" id=\"t31_164\">VAT to be refunded </span><span class=\"S39A3 SC5 S2\" id=\"t32_164\">263 761 </span><span class=\"S39A4 SC5 S2\" id=\"t33_164\">293 405 </span><span class=\"S39A5 SC5 S2\" id=\"t34_164\">Financial instruments measured at fair value (see note 14) </span><span class=\"S39A6 SC5 S2\" id=\"t35_164\">22 543 </span><span class=\"S39A7 SC5 S2\" id=\"t36_164\">61 506 </span><span class=\"S39A8 SC5 S2\" id=\"t37_164\">Pre-payments </span><span class=\"S39A9 SC5 S2\" id=\"t38_164\">111 248 </span><span class=\"S39AA SC5 S2\" id=\"t39_164\">79 665 </span><span class=\"S39AB SC5 S2\" id=\"t3a_164\">Current loans and credits given </span><span class=\"S39AC SC5 S2\" id=\"t3b_164\">19 823 </span><span class=\"S39AD SC5 S2\" id=\"t3c_164\">22 667 </span><span class=\"S39AE SC5 S2\" id=\"t3d_164\">Other current receivables and periodisations </span><span class=\"S39AF SC5 S2\" id=\"t3e_164\">137 898 </span><span class=\"S39B0 SC5 S2\" id=\"t3f_164\">137 780 </span><span class=\"S39B1 SC4 S2\" id=\"t3g_164\">Total </span><span class=\"S39B2 SC4 S2\" id=\"t3h_164\">555 273 </span><span class=\"S39B3 SC4 S2\" id=\"t3i_164\">595 023 </span><span class=\"S39B4 SC4 S2\" id=\"t3j_164\">Other current receivables as of 31.12 by currency </span><span class=\"S39B5 SC4 S2\" id=\"t3k_164\">2022 </span><span class=\"S39B6 SC4 S2\" id=\"t3l_164\">2021 </span><span class=\"S39B7 SC5 S2\" id=\"t3m_164\">NOK </span><span class=\"S39B8 SC5 S2\" id=\"t3n_164\">520 747 </span><span class=\"S39B9 SC5 S2\" id=\"t3o_164\">528 580 </span><span class=\"S39BA SC5 S2\" id=\"t3p_164\">SEK </span><span class=\"S39BB SC5 S2\" id=\"t3q_164\">13 162 </span><span class=\"S39BC SC5 S2\" id=\"t3r_164\">17 781 </span><span class=\"S39BD SC5 S2\" id=\"t3s_164\">DKK </span><span class=\"S39BE SC5 S2\" id=\"t3t_164\">6 323 </span><span class=\"S39BF SC5 S2\" id=\"t3u_164\">13 072 </span><span class=\"S39C0 SC5 S2\" id=\"t3v_164\">EUR </span><span class=\"S39C1 SC5 S2\" id=\"t3w_164\">10 225 </span><span class=\"S39C2 SC5 S2\" id=\"t3x_164\">26 379 </span><span class=\"S39C3 SC5 S2\" id=\"t3y_164\">Other currencies </span><span class=\"S39C4 SC5 S2\" id=\"t3z_164\">4 816 </span><span class=\"S39C5 SC5 S2\" id=\"t40_164\">9 211 </span><span class=\"S39C6 SC4 S2\" id=\"t41_164\">Total </span><span class=\"S39C7 SC4 S2\" id=\"t42_164\">555 273 </span><span class=\"S39C8 SC4 S2\" id=\"t43_164\">595 023 </span><span class=\"S39C9 S18EC S2\" id=\"t4b_164\">NOTE 13 cont. </span><span class=\"S39CA S18EC S2\" id=\"t4c_164\">Receivables </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18150": {
   "value": "<span class=\"S3921 SC7 S2\" id=\"t2r_163\">Trade receivables </span><span class=\"S392A SC4 S2\" id=\"t30_163\">Trade receivables </span><span class=\"S392B SC4 S2\" id=\"t31_163\">2022 </span><span class=\"S392C SC4 S2\" id=\"t32_163\">2021 </span><span class=\"S392D SC5 S2\" id=\"t33_163\">Nominal value </span><span class=\"S392E SC5 S2\" id=\"t34_163\">2 751 955 </span><span class=\"S392F SC5 S2\" id=\"t35_163\">2 197 669 </span><span class=\"S3930 SC5 S2\" id=\"t36_163\">Provision for bad debts </span><span class=\"S3931 SC5 S2\" id=\"t37_163\">-34 977 </span><span class=\"S3932 SC5 S2\" id=\"t38_163\">-23 476 </span><span class=\"S3933 SC4 S2\" id=\"t39_163\">Total trade receivables </span><span class=\"S3934 SC4 S2\" id=\"t3a_163\">2 716 977 </span><span class=\"S3935 SC4 S2\" id=\"t3b_163\">2 174 193 </span><span class=\"S3923 SC5 S2\" id=\"t2t_163\">The Group normally invoices the agreed transaction price upon delivery of the goods.\u00a0Payment is typically due within 30 - 60 days.\u00a0The Group </span><span class=\"S3924 SC5 S2\" id=\"t2u_163\">arranges for third parties to distribute the goods to the customers and carries the incurred distribution costs itself. The customers cover these </span><span class=\"S3925 SC5 S2\" id=\"t2v_163\">costs through the agreed transaction price. </span><span class=\"S3926 SC5 S2\" id=\"t2w_163\">All but an insigni\ufb01cant part of the Group\u2019s trade receivables are covered by credit insurance or other forms of surety. The loss deductible on </span><span class=\"S3927 SC5 S2\" id=\"t2x_163\">credit insured trade receivables is 10%. </span><span class=\"S3928 SC5 S2\" id=\"t2y_163\">By the end of February 2023 94.3% of trade receivables (nominal value) had been collected, compared with 94.6% in the previous year. This </span><span class=\"S3929 SC5 S2\" id=\"t2z_163\">represents 95.6% of book value, which is the same as previous year. </span><span class=\"S38E2 SC4 S2\" id=\"tz_163\">Trade receivables 31.12 - aging </span><span class=\"S38E3 SC4 S2\" id=\"t10_163\">2022 </span><span class=\"S38E4 SC4 S2\" id=\"t11_163\">2021 </span><span class=\"S38E5 SC5 S2\" id=\"t12_163\">Not due </span><span class=\"S38E6 SC5 S2\" id=\"t13_163\">2 136 733 </span><span class=\"S38E7 SC5 S2\" id=\"t14_163\">1 917 865 </span><span class=\"S38E8 SC5 S2\" id=\"t15_163\">Due, 0 to 3 months </span><span class=\"S38E9 SC5 S2\" id=\"t16_163\">548 873 </span><span class=\"S38EA SC5 S2\" id=\"t17_163\">248 761 </span><span class=\"S38EB SC5 S2\" id=\"t18_163\">Due, 3 to 6 months </span><span class=\"S38EC SC5 S2\" id=\"t19_163\">34 841 </span><span class=\"S38ED SC5 S2\" id=\"t1a_163\">12 394 </span><span class=\"S38EE SC5 S2\" id=\"t1b_163\">Due, more than 6 months </span><span class=\"S38EF SC5 S2\" id=\"t1c_163\">31 507 </span><span class=\"S38F0 SC5 S2\" id=\"t1d_163\">18 649 </span><span class=\"S38F1 SC4 S2\" id=\"t1e_163\">Total </span><span class=\"S38F2 SC4 S2\" id=\"t1f_163\">2 751 955 </span><span class=\"S38F3 SC4 S2\" id=\"t1g_163\">2 197 669 </span><span class=\"S38F4 SC4 S2\" id=\"t1h_163\">Trade receivables 31.12 - provision </span><span class=\"S38F5 SC4 S2\" id=\"t1i_163\">2022 </span><span class=\"S38F6 SC4 S2\" id=\"t1j_163\">2021 </span><span class=\"S38F7 SC5 S2\" id=\"t1k_163\">Not due </span><span class=\"S38F8 SC5 S2\" id=\"t1l_163\">3 391 </span><span class=\"S38F9 SC5 S2\" id=\"t1m_163\">5 116 </span><span class=\"S38FA SC5 S2\" id=\"t1n_163\">Due, 0 to 3 months </span><span class=\"S38FB SC5 S2\" id=\"t1o_163\">6 070 </span><span class=\"S38FC SC5 S2\" id=\"t1p_163\">4 627 </span><span class=\"S38FD SC5 S2\" id=\"t1q_163\">Due, 3 to 6 months </span><span class=\"S38FE SC5 S2\" id=\"t1r_163\">2 454 </span><span class=\"S38FF SC5 S2\" id=\"t1s_163\">434 </span><span class=\"S3900 SC5 S2\" id=\"t1t_163\">Due, more than 6 months </span><span class=\"S3901 SC5 S2\" id=\"t1u_163\">23 063 </span><span class=\"S3902 SC5 S2\" id=\"t1v_163\">13 299 </span><span class=\"S3903 SC4 S2\" id=\"t1w_163\">Total </span><span class=\"S3904 SC4 S2\" id=\"t1x_163\">34 977 </span><span class=\"S3905 SC4 S2\" id=\"t1y_163\">23 476 </span><span class=\"S3938 SC4 S2\" id=\"t1_164\">Trade receivables 31.12 - no provision </span><span class=\"S194B SC4 S2\" id=\"t2_164\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_164\">2021 </span><span class=\"S3939 SC5 S2\" id=\"t4_164\">Not due </span><span class=\"S393A SC5 S2\" id=\"t5_164\">2 133 342 </span><span class=\"S393B SC5 S2\" id=\"t6_164\">1 912 749 </span><span class=\"S393C SC5 S2\" id=\"t7_164\">Due, 0 to 3 months </span><span class=\"S393D SC5 S2\" id=\"t8_164\">542 803 </span><span class=\"S393E SC5 S2\" id=\"t9_164\">244 134 </span><span class=\"S393F SC5 S2\" id=\"ta_164\">Due, 3 to 6 months </span><span class=\"S3940 SC5 S2\" id=\"tb_164\">32 387 </span><span class=\"S3941 SC5 S2\" id=\"tc_164\">11 960 </span><span class=\"S3942 SC5 S2\" id=\"td_164\">Due, more than 6 months </span><span class=\"S3943 SC5 S2\" id=\"te_164\">8 444 </span><span class=\"S3944 SC5 S2\" id=\"tf_164\">5 350 </span><span class=\"S3945 SC4 S2\" id=\"tg_164\">Total </span><span class=\"S3946 SC4 S2\" id=\"th_164\">2 716 977 </span><span class=\"S3947 SC4 S2\" id=\"ti_164\">2 174 193 </span><span class=\"S3948 SC4 S2\" id=\"tj_164\">Lifetime expected loss allowance for provision </span><span class=\"S3949 SC4 S2\" id=\"tk_164\">2022 </span><span class=\"S394A SC4 S2\" id=\"tl_164\">2021 </span><span class=\"S394B SC5 S2\" id=\"tm_164\">Not due </span><span class=\"S394C SC5 S2\" id=\"tn_164\">0.2 % </span><span class=\"S394D SC5 S2\" id=\"to_164\">0.3 % </span><span class=\"S394E SC5 S2\" id=\"tp_164\">Due, 0 to 3 months </span><span class=\"S394F SC5 S2\" id=\"tq_164\">1.1 % </span><span class=\"S3950 SC5 S2\" id=\"tr_164\">1.9 % </span><span class=\"S3951 SC5 S2\" id=\"ts_164\">Due, 3 to 6 months </span><span class=\"S3952 SC5 S2\" id=\"tt_164\">7.0 % </span><span class=\"S3953 SC5 S2\" id=\"tu_164\">3.5 % </span><span class=\"S3954 SC5 S2\" id=\"tv_164\">Due, more than 6 months </span><span class=\"S3955 SC5 S2\" id=\"tw_164\">73.2 % </span><span class=\"S3956 SC5 S2\" id=\"tx_164\">71.3 % </span><span class=\"S3957 SC4 S2\" id=\"ty_164\">Total </span><span class=\"S3958 SC4 S2\" id=\"tz_164\">1.3 % </span><span class=\"S3959 SC4 S2\" id=\"t10_164\">1.1 % </span><span class=\"S395A SC4 S2\" id=\"t11_164\">Movements in provision for bad debt are as follows </span><span class=\"S395B SC4 S2\" id=\"t12_164\">2022 </span><span class=\"S395C SC4 S2\" id=\"t13_164\">2021 </span><span class=\"S395D SC5 S2\" id=\"t14_164\">Provision 01.01 </span><span class=\"S395E SC5 S2\" id=\"t15_164\">23 476 </span><span class=\"S395F SC5 S2\" id=\"t16_164\">23 688 </span><span class=\"S3960 SC5 S2\" id=\"t17_164\">Business combinations </span><span class=\"S3961 SC5 S2\" id=\"t18_164\">0 </span><span class=\"S3962 SC5 S2\" id=\"t19_164\">2 335 </span><span class=\"S3963 SC5 S2\" id=\"t1a_164\">This years change in provisions, recognised in the income statement </span><span class=\"S3964 SC5 S2\" id=\"t1b_164\">11 121 </span><span class=\"S3965 SC5 S2\" id=\"t1c_164\">-1 437 </span><span class=\"S3966 SC5 S2\" id=\"t1d_164\">Currency translation differences </span><span class=\"S3967 SC5 S2\" id=\"t1e_164\">380 </span><span class=\"S3968 SC5 S2\" id=\"t1f_164\">-1 110 </span><span class=\"S3969 SC4 S2\" id=\"t1g_164\">Provision 31.12 </span><span class=\"S396A SC4 S2\" id=\"t1h_164\">34 977 </span><span class=\"S396B SC4 S2\" id=\"t1i_164\">23 476 </span><span class=\"S396C SC4 S2\" id=\"t1j_164\">Net loss on account receivables included in the income statement </span><span class=\"S396D SC4 S2\" id=\"t1k_164\">2022 </span><span class=\"S396E SC4 S2\" id=\"t1l_164\">2021 </span><span class=\"S396F SC5 S2\" id=\"t1m_164\">Net change in provision for bad debt </span><span class=\"S3970 SC5 S2\" id=\"t1n_164\">11 121 </span><span class=\"S3971 SC5 S2\" id=\"t1o_164\">-1 437 </span><span class=\"S3972 SC5 S2\" id=\"t1p_164\">Receivables written off during the year as uncollectable </span><span class=\"S3973 SC5 S2\" id=\"t1q_164\">2 914 </span><span class=\"S3974 SC5 S2\" id=\"t1r_164\">1 665 </span><span class=\"S3975 SC5 S2\" id=\"t1s_164\">Receivables written off, recovered </span><span class=\"S3976 SC5 S2\" id=\"t1t_164\">-6 958 </span><span class=\"S3977 SC5 S2\" id=\"t1u_164\">-138 </span><span class=\"S3978 SC4 S2\" id=\"t1v_164\">Total cost (+) / cost reduction (-) </span><span class=\"S3979 SC4 S2\" id=\"t1w_164\">7 076 </span><span class=\"S397A SC4 S2\" id=\"t1x_164\">90 </span><span class=\"S397B SAF1 S2\" id=\"t1y_164\">Included in other operating expenses </span><span class=\"S397C SC4 S2\" id=\"t1z_164\">Trade receivables by currency </span><span class=\"S397D SC4 S2\" id=\"t20_164\">2022 </span><span class=\"S397E SC4 S2\" id=\"t21_164\">2021 </span><span class=\"S397F SC5 S2\" id=\"t22_164\">NOK </span><span class=\"S3980 SC5 S2\" id=\"t23_164\">745 109 </span><span class=\"S3981 SC5 S2\" id=\"t24_164\">653 930 </span><span class=\"S3982 SC5 S2\" id=\"t25_164\">SEK </span><span class=\"S3983 SC5 S2\" id=\"t26_164\">320 554 </span><span class=\"S3984 SC5 S2\" id=\"t27_164\">105 894 </span><span class=\"S3985 SC5 S2\" id=\"t28_164\">DKK </span><span class=\"S3986 SC5 S2\" id=\"t29_164\">152 377 </span><span class=\"S3987 SC5 S2\" id=\"t2a_164\">110 180 </span><span class=\"S3988 SC5 S2\" id=\"t2b_164\">GBP </span><span class=\"S3989 SC5 S2\" id=\"t2c_164\">0 </span><span class=\"S398A SC5 S2\" id=\"t2d_164\">32 778 </span><span class=\"S398B SC5 S2\" id=\"t2e_164\">EUR </span><span class=\"S398C SC5 S2\" id=\"t2f_164\">1 337 754 </span><span class=\"S398D SC5 S2\" id=\"t2g_164\">938 538 </span><span class=\"S398E SC5 S2\" id=\"t2h_164\">USD </span><span class=\"S398F SC5 S2\" id=\"t2i_164\">122 877 </span><span class=\"S3990 SC5 S2\" id=\"t2j_164\">273 289 </span><span class=\"S3991 SC5 S2\" id=\"t2k_164\">JPY </span><span class=\"S3992 SC5 S2\" id=\"t2l_164\">0 </span><span class=\"S3993 SC5 S2\" id=\"t2m_164\">33 392 </span><span class=\"S3994 SC5 S2\" id=\"t2n_164\">Other currencies </span><span class=\"S3995 SC5 S2\" id=\"t2o_164\">38 306 </span><span class=\"S3996 SC5 S2\" id=\"t2p_164\">26 192 </span><span class=\"S3997 SC4 S2\" id=\"t2q_164\">Total trade receivables </span><span class=\"S3998 SC4 S2\" id=\"t2r_164\">2 716 977 </span><span class=\"S3999 SC4 S2\" id=\"t2s_164\">2 174 193 </span><span class=\"S399A SC5 S2\" id=\"t2t_164\">The Group has international operations and is exposed to currency risk in several currencies. Receivables are recognised at market rate on </span><span class=\"S399B SC5 S2\" id=\"t2u_164\">balance sheet date. Forward contracts are utilised to the greatest extent possible to eliminate currency risk related to outstanding trade </span><span class=\"S399C SC5 S2\" id=\"t2v_164\">receivables. See the note on \ufb01nancial instruments. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18356": {
   "value": "<span class=\"S1EC3 SC7 S2\" id=\"t1_165\">Financial instruments by category </span><span class=\"S3024 SC8 S2\" id=\"t2_165\">The following principles have been used for the subsequent measurement of \ufb01nancial instruments in the balance sheet: </span><span class=\"S39CB SC4 S2\" id=\"t3_165\">Amortised cost </span><span class=\"S39CC SC4 S2\" id=\"t4_165\">Fair value </span><span class=\"S39CD SC4 S2\" id=\"t5_165\">through pro\ufb01t or </span><span class=\"S39CE SC4 S2\" id=\"t6_165\">loss </span><span class=\"S39CF SC4 S2\" id=\"t7_165\">Fair value </span><span class=\"S39D0 SC4 S2\" id=\"t8_165\">through other </span><span class=\"S39D1 SC4 S2\" id=\"t9_165\">comprehensive </span><span class=\"S39D2 SC4 S2\" id=\"ta_165\">income </span><span class=\"S39D3 SC4 S2\" id=\"tb_165\">Total </span><span class=\"S39D4 SC4 S2\" id=\"tc_165\">31.12.2021 </span><span class=\"S39D5 SC4 S2\" id=\"td_165\">Assets </span><span class=\"S39D6 SC5 S2\" id=\"te_165\">Other investments </span><span class=\"S39D7 SC5 S2\" id=\"tf_165\">20 974 </span><span class=\"S39D8 SC4 S2\" id=\"tg_165\">20 974 </span><span class=\"S39D9 SC5 S2\" id=\"th_165\">Loans and other long term receivables </span><span class=\"S39DA SC5 S2\" id=\"ti_165\">78 906 </span><span class=\"S39DB SC5 S2\" id=\"tj_165\">9 121 </span><span class=\"S39DC SC4 S2\" id=\"tk_165\">88 027 </span><span class=\"S3644 SC5 S2\" id=\"tl_165\">Trade receivables and other short term receivables * </span><span class=\"S39DD SC5 S2\" id=\"tm_165\">2 334 640 </span><span class=\"S39DE SC5 S2\" id=\"tn_165\">58 173 </span><span class=\"S39DF SC5 S2\" id=\"to_165\">3 333 </span><span class=\"S39E0 SC4 S2\" id=\"tp_165\">2 396 146 </span><span class=\"S39E1 SC5 S2\" id=\"tq_165\">Cash and cash equivalents </span><span class=\"S39E2 SC5 S2\" id=\"tr_165\">4 203 147 </span><span class=\"S39E3 SC4 S2\" id=\"ts_165\">4 203 147 </span><span class=\"S39E4 SC4 S2\" id=\"tt_165\">Total </span><span class=\"S39E5 SC4 S2\" id=\"tu_165\">6 616 693 </span><span class=\"S39E6 SC4 S2\" id=\"tv_165\">79 147 </span><span class=\"S39E7 SC4 S2\" id=\"tw_165\">12 454 </span><span class=\"S39E8 SC4 S2\" id=\"tx_165\">6 708 294 </span><span class=\"S39E9 SAF1 S2\" id=\"ty_165\">* Trade receivables and other receivables excl. advance payments (NOK 79.665) and public duties receivable (NOK 293.405), ref note 13. </span><span class=\"S39EA SC4 S2\" id=\"tz_165\">Liabilities </span><span class=\"S39EB SC5 S2\" id=\"t10_165\">Loans (excl. \ufb01nance leases) </span><span class=\"S39EC SC5 S2\" id=\"t11_165\">5 691 120 </span><span class=\"S39ED SC4 S2\" id=\"t12_165\">5 691 120 </span><span class=\"S39EE SC5 S2\" id=\"t13_165\">Lease liabilities to credit institutions </span><span class=\"S39EF SC5 S2\" id=\"t14_165\">1 236 528 </span><span class=\"S39F0 SC4 S2\" id=\"t15_165\">1 236 528 </span><span class=\"S39F1 SC5 S2\" id=\"t16_165\">Overdraft facility and other short term loans and credits </span><span class=\"S39F2 SC5 S2\" id=\"t17_165\">582 390 </span><span class=\"S39F3 SC4 S2\" id=\"t18_165\">582 390 </span><span class=\"S39F4 SC5 S2\" id=\"t19_165\">Trade payables and other short-term liabilities ** </span><span class=\"S39F5 SC5 S2\" id=\"t1a_165\">2 175 096 </span><span class=\"S39F6 SC5 S2\" id=\"t1b_165\">577 </span><span class=\"S39F7 SC4 S2\" id=\"t1c_165\">2 175 673 </span><span class=\"S39F8 SC4 S2\" id=\"t1d_165\">Total </span><span class=\"S39F9 SC4 S2\" id=\"t1e_165\">9 685 134 </span><span class=\"S39FA SC4 S2\" id=\"t1f_165\">0 </span><span class=\"S39FB SC4 S2\" id=\"t1g_165\">577 </span><span class=\"S39FC SC4 S2\" id=\"t1h_165\">9 685 711 </span><span class=\"S39FD SAF1 S2\" id=\"t1i_165\">** Trade payables and other debt, excl. statutory liabilities and accrued wages and holiday pay </span><span class=\"S39FE SC4 S2\" id=\"t1j_165\">31.12.2022 </span><span class=\"S39FF SC4 S2\" id=\"t1k_165\">Assets </span><span class=\"S3A00 SC5 S2\" id=\"t1l_165\">Other investments </span><span class=\"S3A01 SC5 S2\" id=\"t1m_165\">16 699 </span><span class=\"S3A02 SC4 S2\" id=\"t1n_165\">16 699 </span><span class=\"S3A03 SC5 S2\" id=\"t1o_165\">Loans and other long term receivables </span><span class=\"S3A04 SC5 S2\" id=\"t1p_165\">84 154 </span><span class=\"S3A05 SC5 S2\" id=\"t1q_165\">39 160 </span><span class=\"S3A06 SC4 S2\" id=\"t1r_165\">123 314 </span><span class=\"S3A07 SC5 S2\" id=\"t1s_165\">Trade receivables and other short term receivables * </span><span class=\"S3A08 SC5 S2\" id=\"t1t_165\">2 877 582 </span><span class=\"S3A09 SC5 S2\" id=\"t1u_165\">22 543 </span><span class=\"S3A0A SC4 S2\" id=\"t1v_165\">2 900 125 </span><span class=\"S3A0B SC5 S2\" id=\"t1w_165\">Cash and cash equivalents </span><span class=\"S3A0C SC5 S2\" id=\"t1x_165\">3 304 878 </span><span class=\"S3A0D SC4 S2\" id=\"t1y_165\">3 304 878 </span><span class=\"S3A0E SC4 S2\" id=\"t1z_165\">Total </span><span class=\"S3A0F SC4 S2\" id=\"t20_165\">6 266 614 </span><span class=\"S3A10 SC4 S2\" id=\"t21_165\">39 242 </span><span class=\"S3A11 SC4 S2\" id=\"t22_165\">39 160 </span><span class=\"S3A12 SC4 S2\" id=\"t23_165\">6 345 016 </span><span class=\"S3A13 SAF1 S2\" id=\"t24_165\">* Trade receivables and other receivables excl. advance payments (NOK 108.364) and public duties receivable (NOK 263.761), ref note 13. </span><span class=\"S3A14 SC4 S2\" id=\"t25_165\">Liabilities </span><span class=\"S3A15 SC5 S2\" id=\"t26_165\">Loans (excl. \ufb01nance leases) </span><span class=\"S3A16 SC5 S2\" id=\"t27_165\">5 338 143 </span><span class=\"S3A17 SC4 S2\" id=\"t28_165\">5 338 143 </span><span class=\"S3A18 SC5 S2\" id=\"t29_165\">Lease liabilities to credit institutions </span><span class=\"S3A19 SC5 S2\" id=\"t2a_165\">1 213 715 </span><span class=\"S3A1A SC4 S2\" id=\"t2b_165\">1 213 715 </span><span class=\"S3A1B SC5 S2\" id=\"t2c_165\">Overdraft facility and other short term loans and credits </span><span class=\"S3A1C SC5 S2\" id=\"t2d_165\">1 104 780 </span><span class=\"S3A1D SC4 S2\" id=\"t2e_165\">1 104 780 </span><span class=\"S3A1E SC5 S2\" id=\"t2f_165\">Trade payables and other short-term liabilities ** </span><span class=\"S3A1F SC5 S2\" id=\"t2g_165\">2 547 196 </span><span class=\"S3A20 SC5 S2\" id=\"t2h_165\">5 812 </span><span class=\"S3A21 SC4 S2\" id=\"t2i_165\">2 553 008 </span><span class=\"S3A22 SC4 S2\" id=\"t2j_165\">Total </span><span class=\"S3A23 SC4 S2\" id=\"t2k_165\">10 203 834 </span><span class=\"S3A24 SC4 S2\" id=\"t2l_165\">0 </span><span class=\"S3A25 SC4 S2\" id=\"t2m_165\">5 812 </span><span class=\"S3A26 SC4 S2\" id=\"t2n_165\">10 209 646 </span><span class=\"S3A27 SAF1 S2\" id=\"t2o_165\">** Trade payables and other debt, excl. statutory liabilities and accrued wages and holiday pay </span><span class=\"S3A28 S18EC S2\" id=\"t2w_165\">NOTE 14 </span><span class=\"S3A29 S18EC S2\" id=\"t2x_165\">Financial instruments </span><span class=\"S1B0F S18EC S2\" id=\"t2p_166\">NOTE 14 cont. </span><span class=\"S3A81 S18EC S2\" id=\"t2q_166\">Financial instruments </span><span class=\"S3A2A SC7 S2\" id=\"t1_166\">Financial instruments at fair value by level </span><span class=\"S3597 SC8 S2\" id=\"t2_166\">The table below shows \ufb01nancial instruments at 31.12 at fair value (before tax) according to valuation method. The </span><span class=\"S3A2B SC8 S2\" id=\"t3_166\">different levels are de\ufb01ned as follows: </span><span class=\"S3A2C S109 S2\" id=\"t4_166\">Level 1: </span><span class=\"S3A2D SC8 S2\" id=\"t5_166\">Listed price on an active market for an identical asset or liability </span><span class=\"S3A2E S109 S2\" id=\"t6_166\">Level 2: </span><span class=\"S3A2F SC8 S2\" id=\"t7_166\">Valuation based on observable factors other than listed price (used in level 1), either direct (price) or indirect </span><span class=\"S3A30 SC8 S2\" id=\"t8_166\">(derived from prices) for the asset or liability </span><span class=\"S3A31 S109 S2\" id=\"t9_166\">Level 3: </span><span class=\"S3A32 SC8 S2\" id=\"ta_166\">Valuation based on factors that are not sourced from observable markets (non-observable premises) </span><span class=\"S3A33 SC4 S2\" id=\"tb_166\">Level 1 </span><span class=\"S3A34 SC4 S2\" id=\"tc_166\">Level 2 </span><span class=\"S3A35 SC4 S2\" id=\"td_166\">Level 3 </span><span class=\"S3A36 SC4 S2\" id=\"te_166\">31.12.2021 </span><span class=\"S3A37 SC4 S2\" id=\"tf_166\">Assets </span><span class=\"S3A38 SAF1 S2\" id=\"tg_166\">Financial instruments used for hedging </span><span class=\"S3A39 SC5 S2\" id=\"th_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A3A SC5 S2\" id=\"ti_166\">58 173 </span><span class=\"S3A3B SC5 S2\" id=\"tj_166\">\u2013 Fish Pool contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3C SC5 S2\" id=\"tk_166\">1 836 </span><span class=\"S3A3D SC5 S2\" id=\"tl_166\">\u2013 Bunker derivatives (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3E SC5 S2\" id=\"tm_166\">1 497 </span><span class=\"S3A3F SC5 S2\" id=\"tn_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A40 SC5 S2\" id=\"to_166\">9 121 </span><span class=\"S3A41 SAF1 S2\" id=\"tp_166\">Other \ufb01nancial instruments </span><span class=\"S3A42 SC5 S2\" id=\"tq_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A43 SC5 S2\" id=\"tr_166\">20 974 </span><span class=\"S3A44 SC4 S2\" id=\"ts_166\">Total </span><span class=\"S3A45 SC4 S2\" id=\"tt_166\">0 </span><span class=\"S3A46 SC4 S2\" id=\"tu_166\">70 628 </span><span class=\"S3A47 SC4 S2\" id=\"tv_166\">20 974 </span><span class=\"S3A48 SC5 S2\" id=\"tw_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A49 SC5 S2\" id=\"tx_166\">0 </span><span class=\"S3A4A SC5 S2\" id=\"ty_166\">9 121 </span><span class=\"S3A4B SC5 S2\" id=\"tz_166\">20 974 </span><span class=\"S3A4C SC5 S2\" id=\"t10_166\">Herby current portion, ref note 13 </span><span class=\"S3A4D SC5 S2\" id=\"t11_166\">0 </span><span class=\"S3A4E SC5 S2\" id=\"t12_166\">61 506 </span><span class=\"S3A4F SC5 S2\" id=\"t13_166\">0 </span><span class=\"S3A50 SC4 S2\" id=\"t14_166\">Liabilities </span><span class=\"S3A51 SAF1 S2\" id=\"t15_166\">Financial instruments used for hedging </span><span class=\"S3A52 SC5 S2\" id=\"t16_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A53 SC5 S2\" id=\"t17_166\">577 </span><span class=\"S3A54 SC4 S2\" id=\"t18_166\">Total </span><span class=\"S3A55 SC4 S2\" id=\"t19_166\">0 </span><span class=\"S3A56 SC4 S2\" id=\"t1a_166\">577 </span><span class=\"S3A57 SC4 S2\" id=\"t1b_166\">0 </span><span class=\"S3A58 SC5 S2\" id=\"t1c_166\">Herby non-current portion </span><span class=\"S3A59 SC5 S2\" id=\"t1d_166\">0 </span><span class=\"S3A5A SC5 S2\" id=\"t1e_166\">Herby current portion, ref note 18 </span><span class=\"S3A5B SC5 S2\" id=\"t1f_166\">577 </span><span class=\"S3A5C SC4 S2\" id=\"t1g_166\">31.12.2022 </span><span class=\"S3A5D SC4 S2\" id=\"t1h_166\">Assets </span><span class=\"S82 SAF1 S2\" id=\"t1i_166\">Financial instruments used for hedging </span><span class=\"S3A5E SC5 S2\" id=\"t1j_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A5F SC5 S2\" id=\"t1k_166\">22 543 </span><span class=\"S3A60 SC5 S2\" id=\"t1l_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A61 SC5 S2\" id=\"t1m_166\">39 160 </span><span class=\"S3A62 SAF1 S2\" id=\"t1n_166\">Other \ufb01nancial instruments </span><span class=\"S3A63 SC5 S2\" id=\"t1o_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A64 SC5 S2\" id=\"t1p_166\">16 699 </span><span class=\"S3A65 SC4 S2\" id=\"t1q_166\">Total </span><span class=\"S3A66 SC4 S2\" id=\"t1r_166\">0 </span><span class=\"S3A67 SC4 S2\" id=\"t1s_166\">61 703 </span><span class=\"S3A68 SC4 S2\" id=\"t1t_166\">16 699 </span><span class=\"S3A69 SC5 S2\" id=\"t1u_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A6A SC5 S2\" id=\"t1v_166\">0 </span><span class=\"S3A6B SC5 S2\" id=\"t1w_166\">39 160 </span><span class=\"S3A6C SC5 S2\" id=\"t1x_166\">16 699 </span><span class=\"S3A6D SC5 S2\" id=\"t1y_166\">Herby current portion, ref note 13 </span><span class=\"S3A6E SC5 S2\" id=\"t1z_166\">0 </span><span class=\"S3A6F SC5 S2\" id=\"t20_166\">22 543 </span><span class=\"S3A70 SC5 S2\" id=\"t21_166\">0 </span><span class=\"S3A71 SC4 S2\" id=\"t22_166\">Liabilities </span><span class=\"S3A72 SAF1 S2\" id=\"t23_166\">Financial instruments used for hedging </span><span class=\"S3A73 SC5 S2\" id=\"t24_166\">\u2013 Currency forward contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A74 SC5 S2\" id=\"t25_166\">5 812 </span><span class=\"S3A75 SC4 S2\" id=\"t26_166\">Total </span><span class=\"S3A76 SC4 S2\" id=\"t27_166\">0 </span><span class=\"S3A77 SC4 S2\" id=\"t28_166\">5 812 </span><span class=\"S3A78 SC4 S2\" id=\"t29_166\">0 </span><span class=\"S3A79 SC5 S2\" id=\"t2a_166\">Herby non-current portion </span><span class=\"S3A7A SC5 S2\" id=\"t2b_166\">0 </span><span class=\"S3A7B SC5 S2\" id=\"t2c_166\">0 </span><span class=\"S3A7C SC5 S2\" id=\"t2d_166\">0 </span><span class=\"S3A7D SC5 S2\" id=\"t2e_166\">Herby current portion, ref note 18 </span><span class=\"S3A7E SC5 S2\" id=\"t2f_166\">0 </span><span class=\"S3A7F SC5 S2\" id=\"t2g_166\">5 812 </span><span class=\"S3A80 SC5 S2\" id=\"t2h_166\">0 </span><span class=\"S21BC SC7 S2\" id=\"t1_167\">Change in fair value on \ufb01nancial intruments included in receivables, debt, pro\ufb01t and loss and OCI </span><span class=\"S31D0 SC8 S2\" id=\"t2_167\">The table below presents the accounting of \ufb01nancial instruments included in receivables and debt. </span><span class=\"S22B2 SC8 S2\" id=\"t3_167\">The \ufb01nancial instruments are recognised at fair value. Depending on type of hedge, the change in fair value is booked </span><span class=\"S3A82 SC8 S2\" id=\"t4_167\">either through PL or OCI. </span><span class=\"S3A83 SC8 S2\" id=\"t5_167\">Each type of \ufb01nancial instruments is further explained below the table. </span><span class=\"S3A84 SC4 S2\" id=\"t6_167\">Changes in balance sheet values before tax </span><span class=\"S3A85 SC4 S2\" id=\"t7_167\">Fair value as </span><span class=\"S3A86 SC4 S2\" id=\"t8_167\">of 01.01.2022 </span><span class=\"S3A87 SC4 S2\" id=\"t9_167\">Fair value </span><span class=\"S3A88 SC4 S2\" id=\"ta_167\">through pro\ufb01t </span><span class=\"S3A89 SC4 S2\" id=\"tb_167\">or loss </span><span class=\"S3A8A SC4 S2\" id=\"tc_167\">Fair value </span><span class=\"S3A8B SC4 S2\" id=\"td_167\">through other </span><span class=\"S3A8C SC4 S2\" id=\"te_167\">comprehensive </span><span class=\"S3A8D SC4 S2\" id=\"tf_167\">income </span><span class=\"S3A8E SC4 S2\" id=\"tg_167\">Currency </span><span class=\"S3A8F SC4 S2\" id=\"th_167\">translation </span><span class=\"S3A90 SC4 S2\" id=\"ti_167\">differences </span><span class=\"S3A91 SC4 S2\" id=\"tj_167\">Fair value as </span><span class=\"S3A92 SC4 S2\" id=\"tk_167\">of </span><span class=\"S3A93 SC4 S2\" id=\"tl_167\">31.12.2022 </span><span class=\"S3A94 SC4 S2\" id=\"tm_167\">Financial instruments included in non-current receivables </span><span class=\"S3A95 SC5 S2\" id=\"tn_167\">Interest rate swap agreements </span><span class=\"S3A96 SC5 S2\" id=\"to_167\">9 121 </span><span class=\"S3A97 SC5 S2\" id=\"tp_167\">30 039 </span><span class=\"S3A98 SC5 S2\" id=\"tq_167\">39 160 </span><span class=\"S3A99 SC4 S2\" id=\"tr_167\">Total </span><span class=\"S3A9A SC4 S2\" id=\"ts_167\">9 121 </span><span class=\"S3A9B SC4 S2\" id=\"tt_167\">0 </span><span class=\"S3A9C SC4 S2\" id=\"tu_167\">30 039 </span><span class=\"S3A9D SC4 S2\" id=\"tv_167\">0 </span><span class=\"S3A9E SC4 S2\" id=\"tw_167\">39 160 </span><span class=\"S3A9F SC4 S2\" id=\"tx_167\">Financial instruments included in other current receivables </span><span class=\"S3AA0 SC5 S2\" id=\"ty_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3AA1 SC5 S2\" id=\"tz_167\">40 995 </span><span class=\"S3AA2 SC5 S2\" id=\"t10_167\">-37 056 </span><span class=\"S3AA3 SC5 S2\" id=\"t11_167\">3 939 </span><span class=\"S3AA4 SC5 S2\" id=\"t12_167\">Currency forward contracts - non-recognised hedge objects </span><span class=\"S3AA5 SC5 S2\" id=\"t13_167\">17 178 </span><span class=\"S3AA6 SC5 S2\" id=\"t14_167\">1 426 </span><span class=\"S3AA7 SC5 S2\" id=\"t15_167\">18 604 </span><span class=\"S3AA8 SC5 S2\" id=\"t16_167\">Bunker derivates </span><span class=\"S3AA9 SC5 S2\" id=\"t17_167\">1 497 </span><span class=\"S3AAA SC5 S2\" id=\"t18_167\">-1 497 </span><span class=\"S3AAB SC5 S2\" id=\"t19_167\">0 </span><span class=\"S3AAC SC5 S2\" id=\"t1a_167\">Fish Pool contracts </span><span class=\"S3AAD SC5 S2\" id=\"t1b_167\">1 836 </span><span class=\"S3AAE SC5 S2\" id=\"t1c_167\">-1 940 </span><span class=\"S3AAF SC5 S2\" id=\"t1d_167\">104 </span><span class=\"S3AB0 SC5 S2\" id=\"t1e_167\">0 </span><span class=\"S3AB1 SC4 S2\" id=\"t1f_167\">Total </span><span class=\"S3AB2 SC4 S2\" id=\"t1g_167\">61 506 </span><span class=\"S3AB3 SC4 S2\" id=\"t1h_167\">-35 630 </span><span class=\"S3AB4 SC4 S2\" id=\"t1i_167\">-3 437 </span><span class=\"S3AB5 SC4 S2\" id=\"t1j_167\">104 </span><span class=\"S3AB6 SC4 S2\" id=\"t1k_167\">22 544 </span><span class=\"S3AB7 SC4 S2\" id=\"t1l_167\">Financial instruments included in other short-term liabilities </span><span class=\"S3AB8 SC5 S2\" id=\"t1m_167\">Interest rate swap agreements </span><span class=\"S3AB9 SC5 S2\" id=\"t1n_167\">-577 </span><span class=\"S3ABA SC5 S2\" id=\"t1o_167\">577 </span><span class=\"S3ABB SC5 S2\" id=\"t1p_167\">0 </span><span class=\"S3ABC SC5 S2\" id=\"t1q_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3ABD SC5 S2\" id=\"t1r_167\">0 </span><span class=\"S3ABE SC5 S2\" id=\"t1s_167\">-5 812 </span><span class=\"S3ABF SC5 S2\" id=\"t1t_167\">-5 812 </span><span class=\"S3AC0 SC5 S2\" id=\"t1u_167\">Bunker derivates </span><span class=\"S3AC1 SC5 S2\" id=\"t1v_167\">0 </span><span class=\"S3AC2 SC5 S2\" id=\"t1w_167\">0 </span><span class=\"S3AC3 SC5 S2\" id=\"t1x_167\">0 </span><span class=\"S3AC4 SC5 S2\" id=\"t1y_167\">Fish Pool contracts </span><span class=\"S3AC5 SC5 S2\" id=\"t1z_167\">0 </span><span class=\"S3AC6 SC5 S2\" id=\"t20_167\">0 </span><span class=\"S3AC7 SC5 S2\" id=\"t21_167\">0 </span><span class=\"S3AC8 SC4 S2\" id=\"t22_167\">Total </span><span class=\"S3AC9 SC4 S2\" id=\"t23_167\">-577 </span><span class=\"S3ACA SC4 S2\" id=\"t24_167\">0 </span><span class=\"S3ACB SC4 S2\" id=\"t25_167\">-5 235 </span><span class=\"S3ACC SC4 S2\" id=\"t26_167\">0 </span><span class=\"S3ACD SC4 S2\" id=\"t27_167\">-5 812 </span><span class=\"S3ACE SC4 S2\" id=\"t28_167\">Net value before tax </span><span class=\"S3ACF SC4 S2\" id=\"t29_167\">70 051 </span><span class=\"S3AD0 SC4 S2\" id=\"t2a_167\">-35 630 </span><span class=\"S3AD1 SC4 S2\" id=\"t2b_167\">21 367 </span><span class=\"S3AD2 SC4 S2\" id=\"t2c_167\">104 </span><span class=\"S3AD3 SC4 S2\" id=\"t2d_167\">55 892 </span><span class=\"S3AD4 SAF1 S2\" id=\"t2e_167\">* Non-recognised hedge objects consist of binding sales contracts that are hedged (value hedges). Change in fair value on hedged risk in the </span><span class=\"S3AD5 SAF1 S2\" id=\"t2f_167\">hedged period is recognised through pro\ufb01t or loss. The change in fair value on the hedging instrument will have its opposite equal value as </span><span class=\"S3AD6 SAF1 S2\" id=\"t2g_167\">a short term receivable or as other short term debt, depending on positive or negative value on the instrument. Information on this will be </span><span class=\"S3AD7 SAF1 S2\" id=\"t2h_167\">included in either the note on receivables or other short-term debt, depending on positive or negative value in the instrument. </span><span class=\"S3AD8 SC4 S2\" id=\"t2i_167\">Changes in balance sheet values, net after tax </span><span class=\"S3AD9 SC4 S2\" id=\"t2j_167\">Fair value as </span><span class=\"S3ADA SC4 S2\" id=\"t2k_167\">of 01.01.2022 </span><span class=\"S3ADB SC4 S2\" id=\"t2l_167\">Fair value </span><span class=\"S3ADC SC4 S2\" id=\"t2m_167\">through pro\ufb01t </span><span class=\"S3ADD SC4 S2\" id=\"t2n_167\">or loss </span><span class=\"S3ADE SC4 S2\" id=\"t2o_167\">Fair value </span><span class=\"S3ADF SC4 S2\" id=\"t2p_167\">through other </span><span class=\"S3AE0 SC4 S2\" id=\"t2q_167\">comprehensive </span><span class=\"S3AE1 SC4 S2\" id=\"t2r_167\">income </span><span class=\"S3AE2 SC4 S2\" id=\"t2s_167\">Currency </span><span class=\"S3AE3 SC4 S2\" id=\"t2t_167\">translation </span><span class=\"S3AE4 SC4 S2\" id=\"t2u_167\">differences </span><span class=\"S3AE5 SC4 S2\" id=\"t2v_167\">Fair value as </span><span class=\"S3AE6 SC4 S2\" id=\"t2w_167\">of </span><span class=\"S3AE7 SC4 S2\" id=\"t2x_167\">31.12.2022 </span><span class=\"S3AE8 SC4 S2\" id=\"t2y_167\">Net value before tax </span><span class=\"S3AE9 SC4 S2\" id=\"t2z_167\">70 051 </span><span class=\"S3AEA SC4 S2\" id=\"t30_167\">-35 630 </span><span class=\"S3AEB SC4 S2\" id=\"t31_167\">21 367 </span><span class=\"S3AEC SC4 S2\" id=\"t32_167\">104 </span><span class=\"S3AED SC4 S2\" id=\"t33_167\">55 892 </span><span class=\"S3AEE SC4 S2\" id=\"t34_167\">Deferred tax asset (-) / liability (+), \ufb01nancial instruments </span><span class=\"S3AEF SC4 S2\" id=\"t35_167\">-15 270 </span><span class=\"S3AF0 SC4 S2\" id=\"t36_167\">7 839 </span><span class=\"S3AF1 SC4 S2\" id=\"t37_167\">-5 243 </span><span class=\"S3AF2 SC4 S2\" id=\"t38_167\">-28 </span><span class=\"S3AF3 SC4 S2\" id=\"t39_167\">-12 703 </span><span class=\"S3AF4 SC4 S2\" id=\"t3a_167\">Net value after tax </span><span class=\"S3AF5 SC4 S2\" id=\"t3b_167\">54 781 </span><span class=\"S3AF6 SC4 S2\" id=\"t3c_167\">-27 791 </span><span class=\"S3AF7 SC4 S2\" id=\"t3d_167\">16 124 </span><span class=\"S3AF8 SC4 S2\" id=\"t3e_167\">76 </span><span class=\"S3AF9 SC4 S2\" id=\"t3f_167\">43 189 </span><span class=\"S3AFA SC4 S2\" id=\"t3g_167\">Changes through OCI </span><span class=\"S3AFB SC4 S2\" id=\"t3h_167\">after tax, per type of instrument </span><span class=\"S3AFC SC4 S2\" id=\"t3i_167\">2022 </span><span class=\"S3AFD SC4 S2\" id=\"t3j_167\">2021 </span><span class=\"S3AFE SC5 S2\" id=\"t3k_167\">Changes interest rate swap agreements </span><span class=\"S3AFF SC5 S2\" id=\"t3l_167\">23 880 </span><span class=\"S3B00 SC5 S2\" id=\"t3m_167\">44 252 </span><span class=\"S3B01 SC5 S2\" id=\"t3n_167\">Changes currency forward contracts </span><span class=\"S3B02 SC5 S2\" id=\"t3o_167\">-4 940 </span><span class=\"S3B03 SC5 S2\" id=\"t3p_167\">0 </span><span class=\"S3B04 SC5 S2\" id=\"t3q_167\">Changes bunker derivatives </span><span class=\"S3B05 SC5 S2\" id=\"t3r_167\">-1 167 </span><span class=\"S3B06 SC5 S2\" id=\"t3s_167\">13 098 </span><span class=\"S3B07 SC5 S2\" id=\"t3t_167\">Changes Fish Pool contracts </span><span class=\"S3B08 SC5 S2\" id=\"t3u_167\">-1 649 </span><span class=\"S3B09 SC5 S2\" id=\"t3v_167\">5 408 </span><span class=\"S3B0A SC4 S2\" id=\"t3w_167\">Total (ref. Statement of comprehensive income) </span><span class=\"S3B0B SC4 S2\" id=\"t3x_167\">16 124 </span><span class=\"S3B0C SC4 S2\" id=\"t3y_167\">62 758 </span><span class=\"S3B0E SC7 S2\" id=\"t1_168\">Currency forward contracts </span><span class=\"S2199 SC8 S2\" id=\"t2_168\">The value of the Norwegian krone is </span><span class=\"S3B0F SC8 S2\" id=\"t3_168\">one of many parameters that have an </span><span class=\"S3B10 SC8 S2\" id=\"t4_168\">effect on the Group\u2019s competitiveness. </span><span class=\"S3B11 SC8 S2\" id=\"t5_168\">The Group has at all times a substantial </span><span class=\"S235A SC8 S2\" id=\"t6_168\">biomass in the sea that represents </span><span class=\"S1BA2 SC8 S2\" id=\"t7_168\">future sales. A signi\ufb01cant share of the </span><span class=\"S3B12 SC8 S2\" id=\"t8_168\">Group\u2019s revenue is generated in </span><span class=\"S3B13 SC8 S2\" id=\"t9_168\">currencies other than NOK. Revenue </span><span class=\"S3B14 SC8 S2\" id=\"ta_168\">by currency is presented in the note </span><span class=\"S3B15 SC8 S2\" id=\"tb_168\">on operating segments, and trade </span><span class=\"S1D5C SC8 S2\" id=\"tc_168\">receivables by currency is presented </span><span class=\"S3B16 SC8 S2\" id=\"td_168\">in the note on receivables. </span><span class=\"S3B17 SC8 S2\" id=\"te_168\">In order to minimize the currency risk </span><span class=\"S3B18 SC8 S2\" id=\"tf_168\">the Group uses currency forward </span><span class=\"S3B19 SC8 S2\" id=\"tg_168\">contracts to hedge both net </span><span class=\"S3B1A SC8 S2\" id=\"th_168\">receivables and signed sales </span><span class=\"S1BAD SC8 S2\" id=\"ti_168\">contracts in foreign currency. The </span><span class=\"S3B1B SC8 S2\" id=\"tj_168\">majority of the contracts have this </span><span class=\"S3B1C SC8 S2\" id=\"tk_168\">purpose. Thus the Group recognises </span><span class=\"S1FCD SC8 S2\" id=\"tl_168\">these currency forward contracts as </span><span class=\"S3B1D SC8 S2\" id=\"tm_168\">fair value hedging, also for the signed </span><span class=\"S3B1E SC8 S2\" id=\"tn_168\">sales contracts, which are off-balance </span><span class=\"S3B1F SC8 S2\" id=\"to_168\">items. The change in fair value on </span><span class=\"S1E73 SC8 S2\" id=\"tp_168\">currency forward contracts and </span><span class=\"S308E SC8 S2\" id=\"tq_168\">hedged foreign exchange gain/loss </span><span class=\"S3B20 SC8 S2\" id=\"tr_168\">on \ufb01rm commitments is recognized as </span><span class=\"S3090 SC8 S2\" id=\"ts_168\">foreign exchange gain/loss classi\ufb01ed </span><span class=\"S3B21 SC8 S2\" id=\"tt_168\">as cost of materials in the income </span><span class=\"S3B22 SC8 S2\" id=\"tu_168\">statement, as it relates to the </span><span class=\"S3B23 SC8 S2\" id=\"tv_168\">inventory cycle. </span><span class=\"S3B24 SC8 S2\" id=\"tw_168\">Some currency forward contracts are </span><span class=\"S3B25 SC8 S2\" id=\"tx_168\">acquired by foreign VAPS&amp;D entities </span><span class=\"S3B26 SC8 S2\" id=\"ty_168\">with the purpose of reducing the </span><span class=\"S3B27 SC8 S2\" id=\"tz_168\">currency risk related to external </span><span class=\"S3B28 SC8 S2\" id=\"t10_168\">purchases in NOK. The Group recognize </span><span class=\"S3B29 SC8 S2\" id=\"t11_168\">these currency forward contracts for </span><span class=\"S3B2A SC8 S2\" id=\"t12_168\">purchase contracts as a cash \ufb02ow </span><span class=\"S3B2B SC8 S2\" id=\"t13_168\">hedge. The effective share of the </span><span class=\"S3B2C SC8 S2\" id=\"t14_168\">change in value of the derivatives is </span><span class=\"S3B2D SC8 S2\" id=\"t15_168\">recorded through other comprehensive </span><span class=\"S1D7B SC8 S2\" id=\"t16_168\">income. The gross asset or liability </span><span class=\"S3B2E SC8 S2\" id=\"t17_168\">carried is a taxable temporary </span><span class=\"S3B2F SC8 S2\" id=\"t18_168\">difference. The change in deferred tax </span><span class=\"S3B30 SC8 S2\" id=\"t19_168\">caused by the change in gross carrying </span><span class=\"S3B31 SC8 S2\" id=\"t1a_168\">amount is also recorded through other </span><span class=\"S3B32 SC8 S2\" id=\"t1b_168\">comprehensive income, and is therefore </span><span class=\"S3B33 SC8 S2\" id=\"t1c_168\">not included in the tax cost for the year </span><span class=\"S3B34 SC8 S2\" id=\"t1d_168\">in the income statement. When realised, </span><span class=\"S3B35 SC8 S2\" id=\"t1e_168\">the effect is charged to cost of goods. </span><span class=\"S1FE9 SC7 S2\" id=\"t1f_168\">Financial purchase and sales </span><span class=\"S3B36 SC7 S2\" id=\"t1g_168\">contracts for salmon (Fish Pool </span><span class=\"S3B37 SC7 S2\" id=\"t1h_168\">contracts) </span><span class=\"S2108 SC8 S2\" id=\"t1i_168\">Hedge accounting is applied for the </span><span class=\"S3B38 SC8 S2\" id=\"t1j_168\">\ufb01nancial purchase and sales contracts </span><span class=\"S2DC8 SC8 S2\" id=\"t1k_168\">for salmon (Fish Pool contracts). </span><span class=\"S3096 SC8 S2\" id=\"t1l_168\">Normally, the contracts expire within </span><span class=\"S3B39 SC8 S2\" id=\"t1m_168\">one year. The fair value of the Fish Pool </span><span class=\"S3B3A SC8 S2\" id=\"t1n_168\">derivatives (gross before tax) is carried </span><span class=\"S3B3B SC8 S2\" id=\"t1o_168\">under the item for \u00abother current </span><span class=\"S3B3C SC8 S2\" id=\"t1p_168\">receivables\u00bb when positive and other </span><span class=\"S3B3D SC8 S2\" id=\"t1q_168\">short-term liabilities when negative. </span><span class=\"S3B3E SC8 S2\" id=\"t1r_168\">The effective share of the change in </span><span class=\"S3B3F SC8 S2\" id=\"t1s_168\">value of the derivatives is recorded </span><span class=\"S3B40 SC8 S2\" id=\"t1t_168\">through other comprehensive income </span><span class=\"S3B41 SC8 S2\" id=\"t1u_168\">(cash \ufb02ow hedging). The gross asset or </span><span class=\"S3B42 SC8 S2\" id=\"t1v_168\">liability carried is a taxable temporary </span><span class=\"S3B43 SC8 S2\" id=\"t1w_168\">difference. The change in deferred tax </span><span class=\"S3B44 SC8 S2\" id=\"t1x_168\">caused by the change in gross carrying </span><span class=\"S3B45 SC8 S2\" id=\"t1y_168\">amount is also recorded through other </span><span class=\"S3B46 SC8 S2\" id=\"t1z_168\">comprehensive income, and is therefore </span><span class=\"S3B47 SC8 S2\" id=\"t20_168\">not included in the tax cost for the year </span><span class=\"S3B48 SC8 S2\" id=\"t21_168\">in the income statement. When </span><span class=\"S3B49 SC8 S2\" id=\"t22_168\">realised, the effect is charged to cost </span><span class=\"S3B4A SC8 S2\" id=\"t23_168\">of goods. </span><span class=\"S3B4B SC7 S2\" id=\"t24_168\">Financial purchase contracts for </span><span class=\"S3B4C SC7 S2\" id=\"t25_168\">bunkers (bunker derivatives) </span><span class=\"S31AF SC8 S2\" id=\"t26_168\">Hedge accounting is applied for the </span><span class=\"S31B0 SC8 S2\" id=\"t27_168\">\ufb01nancial purchase contracts for </span><span class=\"S3B4D SC8 S2\" id=\"t28_168\">bunkers (bunker derivatives). Normally, </span><span class=\"S1F9F SC8 S2\" id=\"t29_168\">the contracts expire within one year. </span><span class=\"S3B4E SC8 S2\" id=\"t2a_168\">The fair value of the bunker derivatives </span><span class=\"S3B4F SC8 S2\" id=\"t2b_168\">(gross before tax) is carried under the </span><span class=\"S3B50 SC8 S2\" id=\"t2c_168\">item for \u00abother current receivables\u00bb </span><span class=\"S3B51 SC8 S2\" id=\"t2d_168\">when positive and other short-term </span><span class=\"S3B52 SC8 S2\" id=\"t2e_168\">liabilities when negative. The effective </span><span class=\"S3B53 SC8 S2\" id=\"t2f_168\">share of the change in value of the </span><span class=\"S20C8 SC8 S2\" id=\"t2g_168\">derivatives is recorded through other </span><span class=\"S3B54 SC8 S2\" id=\"t2h_168\">comprehensive income (cash \ufb02ow </span><span class=\"S1D3D SC8 S2\" id=\"t2i_168\">hedging). The gross asset or liability </span><span class=\"S1D3E SC8 S2\" id=\"t2j_168\">carried is a taxable temporary </span><span class=\"S3B55 SC8 S2\" id=\"t2k_168\">difference. The change in deferred </span><span class=\"S3B56 SC8 S2\" id=\"t2l_168\">tax caused by the change in gross </span><span class=\"S3B57 SC8 S2\" id=\"t2m_168\">carrying amount is also recorded </span><span class=\"S3B58 SC8 S2\" id=\"t2n_168\">through other comprehensive income, </span><span class=\"S3B59 SC8 S2\" id=\"t2o_168\">and is therefore not included in the </span><span class=\"S3B5A SC8 S2\" id=\"t2p_168\">tax cost for the year in the income </span><span class=\"S3B5B SC8 S2\" id=\"t2q_168\">statement. When realised, the effect </span><span class=\"S1EB6 SC8 S2\" id=\"t2r_168\">is charged to bunker cost, which is </span><span class=\"S3B5C SC8 S2\" id=\"t2s_168\">included in other operating expenses. </span><span class=\"S3B5D SC7 S2\" id=\"t2t_168\">Interest rate swaps </span><span class=\"S3B5E SC8 S2\" id=\"t2u_168\">Hedge accounting is applied for </span><span class=\"S3B5F SC8 S2\" id=\"t2v_168\">interest rate swaps. Normally, the </span><span class=\"S1BFF SC8 S2\" id=\"t2w_168\">contracts expire later than one year. </span><span class=\"S3B60 SC8 S2\" id=\"t2x_168\">The fair value of interest rate swaps </span><span class=\"S1D4E SC8 S2\" id=\"t2y_168\">(gross before tax) is carried as a non- </span><span class=\"S3B61 SC8 S2\" id=\"t2z_168\">current asset under the accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t30_168\">item for \u00abnon-current receivables\u00bb if </span><span class=\"S3B62 SC8 S2\" id=\"t31_168\">positive, and under the accounting </span><span class=\"S3B63 SC8 S2\" id=\"t32_168\">item for \u00abother long term liabilities\u00bb if </span><span class=\"S3B64 SC8 S2\" id=\"t33_168\">negative. If the agreement has a </span><span class=\"S1E32 SC8 S2\" id=\"t34_168\">remaining duration of less than one </span><span class=\"S3B65 SC8 S2\" id=\"t35_168\">year, the value is entered under </span><span class=\"S22FB SC8 S2\" id=\"t36_168\">\u00abother current receivables\u00bb if </span><span class=\"S3B66 SC8 S2\" id=\"t37_168\">positive, and under \u00abother short term </span><span class=\"S1CEB SC8 S2\" id=\"t38_168\">liabilities\u00bb if negative. The effective </span><span class=\"S3B67 SC8 S2\" id=\"t39_168\">share of the change in value of the </span><span class=\"S3B68 SC8 S2\" id=\"t3a_168\">interest rate swap is recorded </span><span class=\"S3B69 SC8 S2\" id=\"t3b_168\">through other comprehensive income </span><span class=\"S3B6A SC8 S2\" id=\"t3c_168\">(cash \ufb02ow hedging). The gross asset </span><span class=\"S1C0F SC8 S2\" id=\"t3d_168\">or liability carried is a taxable </span><span class=\"S1CF1 SC8 S2\" id=\"t3e_168\">temporary difference. The change in </span><span class=\"S3B6B SC8 S2\" id=\"t3f_168\">deferred tax caused by the change in </span><span class=\"S3B6C SC8 S2\" id=\"t3g_168\">gross carrying amount is also recorded </span><span class=\"S3B6D SC8 S2\" id=\"t3h_168\">through other comprehensive income, </span><span class=\"S3B6E SC8 S2\" id=\"t3i_168\">and is therefore not included in the </span><span class=\"S3B6F SC8 S2\" id=\"t3j_168\">tax cost for the year in the income </span><span class=\"S3B70 SC8 S2\" id=\"t3k_168\">statement. </span><span class=\"S3B71 S1C40 S2\" id=\"t3l_168\">At year-end, the Group had the </span><span class=\"S3B72 S1C40 S2\" id=\"t3m_168\">following interest rate swaps </span><span class=\"S3B73 S2197 S2\" id=\"t3n_168\">Agreement from 2020 </span><span class=\"S3B74 SC8 S2\" id=\"t3o_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B75 SC8 S2\" id=\"t3p_168\">Duration 7 years, Terminates 15 April </span><span class=\"S3B76 SC8 S2\" id=\"t3q_168\">2027, Interest rate 1.438%, in Ler\u00f8y </span><span class=\"S3B77 SC8 S2\" id=\"t3r_168\">Hav\ufb01sk AS. </span><span class=\"S3B78 S2197 S2\" id=\"t3s_168\">Agreement from 2020 </span><span class=\"S3B79 SC8 S2\" id=\"t3t_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B7A SC8 S2\" id=\"t3u_168\">Duration 7 years, Terminates </span><span class=\"S3B7B SC8 S2\" id=\"t3v_168\">15 April 2027, Interest rate 1.440%, </span><span class=\"S3B7C SC8 S2\" id=\"t3w_168\">in Ler\u00f8y Hav\ufb01sk AS. </span><span class=\"S2311 SC8 S2\" id=\"t3x_168\">Initial hedged amount on each of the </span><span class=\"S3B7D SC8 S2\" id=\"t3y_168\">two agreements in Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S3B7E SC8 S2\" id=\"t3z_168\">was NOK 370,313. The amount on the </span><span class=\"S1C26 SC8 S2\" id=\"t40_168\">interest rate swap decreases during </span><span class=\"S3B7F SC8 S2\" id=\"t41_168\">the life time to re\ufb02ect the instalments </span><span class=\"S3B80 SC8 S2\" id=\"t42_168\">paid on the hedged debt. </span><span class=\"S3B81 SC8 S2\" id=\"t43_168\">The periodic interest payments </span><span class=\"S1C2B SC8 S2\" id=\"t44_168\">related to the hedging instrument </span><span class=\"S3B82 SC8 S2\" id=\"t45_168\">(interest rate swaps) are calculated </span><span class=\"S1D0B SC8 S2\" id=\"t46_168\">as the difference between \ufb01xed and </span><span class=\"S3B83 SC8 S2\" id=\"t47_168\">\ufb02oating interest rate multiplied with </span><span class=\"S1E53 SC8 S2\" id=\"t48_168\">the nominal value of the agreement. </span><span class=\"S3B84 SC8 S2\" id=\"t49_168\">The \ufb01xed rate, expectations about </span><span class=\"S1E54 SC8 S2\" id=\"t4a_168\">the future \ufb02oating rate, and the </span><span class=\"S3B85 SC8 S2\" id=\"t4b_168\">remaining life time to expiry, are the </span><span class=\"S20A8 SC8 S2\" id=\"t4c_168\">most important parameters in the </span><span class=\"S3B86 SC8 S2\" id=\"t4d_168\">calculation of the fair value. The </span><span class=\"S1C35 SC8 S2\" id=\"t4e_168\">periodic interest payments related to </span><span class=\"S3B87 SC8 S2\" id=\"t4f_168\">the hedged item (the long term </span><span class=\"S3B88 SC8 S2\" id=\"t4g_168\">loans) are calculated as the \ufb02oating </span><span class=\"S3B89 SC8 S2\" id=\"t4h_168\">rate plus margin multiplied with the </span><span class=\"S3B8A SC8 S2\" id=\"t4i_168\">nominal value of the loan. </span><span class=\"S3B8B SC4 S2\" id=\"t1_169\">Change in value on interest rate swaps </span><span class=\"S18F0 SC4 S2\" id=\"t2_169\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_169\">2021 </span><span class=\"S3B8C SC4 S2\" id=\"t4_169\">Nominal value on interest rate swap agreements </span><span class=\"S3B8D SC5 S2\" id=\"t5_169\">Nominal amount 01.01 </span><span class=\"S3B8E SC5 S2\" id=\"t6_169\">1 184 375 </span><span class=\"S3B8F SC5 S2\" id=\"t7_169\">1 721 875 </span><span class=\"S3B90 SC5 S2\" id=\"t8_169\">Agreements expired during the period </span><span class=\"S3B91 SC5 S2\" id=\"t9_169\">-500 000 </span><span class=\"S3B92 SC5 S2\" id=\"ta_169\">-500 000 </span><span class=\"S18FB SC5 S2\" id=\"tb_169\">Change in nominal value on existing agreements </span><span class=\"S3B93 SC5 S2\" id=\"tc_169\">-37 500 </span><span class=\"S3B94 SC5 S2\" id=\"td_169\">-37 500 </span><span class=\"S3B95 SC4 S2\" id=\"te_169\">Nominal amount 31.12 </span><span class=\"S3B96 SC4 S2\" id=\"tf_169\">646 875 </span><span class=\"S3B97 SC4 S2\" id=\"tg_169\">1 184 375 </span><span class=\"S3B98 SC4 S2\" id=\"th_169\">Book value 01.01 </span><span class=\"S3B99 SC5 S2\" id=\"ti_169\">Fair value of interest rate swaps at 01.01 </span><span class=\"S3B9A SC5 S2\" id=\"tj_169\">8 544 </span><span class=\"S3B9B SC5 S2\" id=\"tk_169\">-48 189 </span><span class=\"S3B9C SC5 S2\" id=\"tl_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3B9D SC5 S2\" id=\"tm_169\">-1 880 </span><span class=\"S3B9E SC5 S2\" id=\"tn_169\">10 602 </span><span class=\"S3B9F SC4 S2\" id=\"to_169\">Net value after tax 01.01 </span><span class=\"S3BA0 SC4 S2\" id=\"tp_169\">6 665 </span><span class=\"S3BA1 SC4 S2\" id=\"tq_169\">-37 588 </span><span class=\"S3BA2 SC5 S2\" id=\"tr_169\">Tax rate applied </span><span class=\"S3BA3 SC5 S2\" id=\"ts_169\">22 % </span><span class=\"S3BA4 SC5 S2\" id=\"tt_169\">22 % </span><span class=\"S3BA5 SC4 S2\" id=\"tu_169\">Change through other comprehensive income </span><span class=\"S3BA6 SC5 S2\" id=\"tv_169\">Change in fair value of interest rate swaps </span><span class=\"S3BA7 SC5 S2\" id=\"tw_169\">30 616 </span><span class=\"S3BA8 SC5 S2\" id=\"tx_169\">56 733 </span><span class=\"S3BA9 SC5 S2\" id=\"ty_169\">Change in related deferred tax </span><span class=\"S3BAA SC5 S2\" id=\"tz_169\">-6 735 </span><span class=\"S3BAB SC5 S2\" id=\"t10_169\">-12 481 </span><span class=\"S3BAC SC4 S2\" id=\"t11_169\">Net change in fair value through other comprehensive income (cash \ufb02ow hedging) </span><span class=\"S3BAD SC4 S2\" id=\"t12_169\">23 880 </span><span class=\"S3BAE SC4 S2\" id=\"t13_169\">44 252 </span><span class=\"S3BAF SC5 S2\" id=\"t14_169\">Tax rate applied </span><span class=\"S3BB0 SC5 S2\" id=\"t15_169\">22 % </span><span class=\"S3BB1 SC5 S2\" id=\"t16_169\">22 % </span><span class=\"S3BB2 SC4 S2\" id=\"t17_169\">Book value 31.12 </span><span class=\"S3BB3 SC5 S2\" id=\"t18_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BB4 SC5 S2\" id=\"t19_169\">39 160 </span><span class=\"S3BB5 SC5 S2\" id=\"t1a_169\">8 544 </span><span class=\"S3BB6 SC5 S2\" id=\"t1b_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3BB7 SC5 S2\" id=\"t1c_169\">-8 615 </span><span class=\"S3BB8 SC5 S2\" id=\"t1d_169\">-1 880 </span><span class=\"S3BB9 SC4 S2\" id=\"t1e_169\">Net value after tax 31.12 </span><span class=\"S3BBA SC4 S2\" id=\"t1f_169\">30 545 </span><span class=\"S3BBB SC4 S2\" id=\"t1g_169\">6 665 </span><span class=\"S3BBC SC5 S2\" id=\"t1h_169\">Tax rate applied </span><span class=\"S3BBD SC5 S2\" id=\"t1i_169\">22 % </span><span class=\"S3BBE SC5 S2\" id=\"t1j_169\">22 % </span><span class=\"S3BBF SC4 S2\" id=\"t1k_169\">Fair value of interest rate swaps at 31.12 consist of </span><span class=\"S3BC0 SC5 S2\" id=\"t1l_169\">Long term receivables </span><span class=\"S3BC1 SC5 S2\" id=\"t1m_169\">39 160 </span><span class=\"S3BC2 SC5 S2\" id=\"t1n_169\">9 121 </span><span class=\"S3BC3 SC5 S2\" id=\"t1o_169\">Short term liability </span><span class=\"S3BC4 SC5 S2\" id=\"t1p_169\">0 </span><span class=\"S3BC5 SC5 S2\" id=\"t1q_169\">-577 </span><span class=\"S3BC6 SC4 S2\" id=\"t1r_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BC7 SC4 S2\" id=\"t1s_169\">39 160 </span><span class=\"S3BC8 SC4 S2\" id=\"t1t_169\">8 544 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18470": {
   "value": "<span class=\"S3A2A SC7 S2\" id=\"t1_166\">Financial instruments at fair value by level </span><span class=\"S3597 SC8 S2\" id=\"t2_166\">The table below shows \ufb01nancial instruments at 31.12 at fair value (before tax) according to valuation method. The </span><span class=\"S3A2B SC8 S2\" id=\"t3_166\">different levels are de\ufb01ned as follows: </span><span class=\"S3A2C S109 S2\" id=\"t4_166\">Level 1: </span><span class=\"S3A2D SC8 S2\" id=\"t5_166\">Listed price on an active market for an identical asset or liability </span><span class=\"S3A2E S109 S2\" id=\"t6_166\">Level 2: </span><span class=\"S3A2F SC8 S2\" id=\"t7_166\">Valuation based on observable factors other than listed price (used in level 1), either direct (price) or indirect </span><span class=\"S3A30 SC8 S2\" id=\"t8_166\">(derived from prices) for the asset or liability </span><span class=\"S3A31 S109 S2\" id=\"t9_166\">Level 3: </span><span class=\"S3A32 SC8 S2\" id=\"ta_166\">Valuation based on factors that are not sourced from observable markets (non-observable premises) </span><span class=\"S3A33 SC4 S2\" id=\"tb_166\">Level 1 </span><span class=\"S3A34 SC4 S2\" id=\"tc_166\">Level 2 </span><span class=\"S3A35 SC4 S2\" id=\"td_166\">Level 3 </span><span class=\"S3A36 SC4 S2\" id=\"te_166\">31.12.2021 </span><span class=\"S3A37 SC4 S2\" id=\"tf_166\">Assets </span><span class=\"S3A38 SAF1 S2\" id=\"tg_166\">Financial instruments used for hedging </span><span class=\"S3A39 SC5 S2\" id=\"th_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A3A SC5 S2\" id=\"ti_166\">58 173 </span><span class=\"S3A3B SC5 S2\" id=\"tj_166\">\u2013 Fish Pool contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3C SC5 S2\" id=\"tk_166\">1 836 </span><span class=\"S3A3D SC5 S2\" id=\"tl_166\">\u2013 Bunker derivatives (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3E SC5 S2\" id=\"tm_166\">1 497 </span><span class=\"S3A3F SC5 S2\" id=\"tn_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A40 SC5 S2\" id=\"to_166\">9 121 </span><span class=\"S3A41 SAF1 S2\" id=\"tp_166\">Other \ufb01nancial instruments </span><span class=\"S3A42 SC5 S2\" id=\"tq_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A43 SC5 S2\" id=\"tr_166\">20 974 </span><span class=\"S3A44 SC4 S2\" id=\"ts_166\">Total </span><span class=\"S3A45 SC4 S2\" id=\"tt_166\">0 </span><span class=\"S3A46 SC4 S2\" id=\"tu_166\">70 628 </span><span class=\"S3A47 SC4 S2\" id=\"tv_166\">20 974 </span><span class=\"S3A48 SC5 S2\" id=\"tw_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A49 SC5 S2\" id=\"tx_166\">0 </span><span class=\"S3A4A SC5 S2\" id=\"ty_166\">9 121 </span><span class=\"S3A4B SC5 S2\" id=\"tz_166\">20 974 </span><span class=\"S3A4C SC5 S2\" id=\"t10_166\">Herby current portion, ref note 13 </span><span class=\"S3A4D SC5 S2\" id=\"t11_166\">0 </span><span class=\"S3A4E SC5 S2\" id=\"t12_166\">61 506 </span><span class=\"S3A4F SC5 S2\" id=\"t13_166\">0 </span><span class=\"S3A50 SC4 S2\" id=\"t14_166\">Liabilities </span><span class=\"S3A51 SAF1 S2\" id=\"t15_166\">Financial instruments used for hedging </span><span class=\"S3A52 SC5 S2\" id=\"t16_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A53 SC5 S2\" id=\"t17_166\">577 </span><span class=\"S3A54 SC4 S2\" id=\"t18_166\">Total </span><span class=\"S3A55 SC4 S2\" id=\"t19_166\">0 </span><span class=\"S3A56 SC4 S2\" id=\"t1a_166\">577 </span><span class=\"S3A57 SC4 S2\" id=\"t1b_166\">0 </span><span class=\"S3A58 SC5 S2\" id=\"t1c_166\">Herby non-current portion </span><span class=\"S3A59 SC5 S2\" id=\"t1d_166\">0 </span><span class=\"S3A5A SC5 S2\" id=\"t1e_166\">Herby current portion, ref note 18 </span><span class=\"S3A5B SC5 S2\" id=\"t1f_166\">577 </span><span class=\"S3A5C SC4 S2\" id=\"t1g_166\">31.12.2022 </span><span class=\"S3A5D SC4 S2\" id=\"t1h_166\">Assets </span><span class=\"S82 SAF1 S2\" id=\"t1i_166\">Financial instruments used for hedging </span><span class=\"S3A5E SC5 S2\" id=\"t1j_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A5F SC5 S2\" id=\"t1k_166\">22 543 </span><span class=\"S3A60 SC5 S2\" id=\"t1l_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A61 SC5 S2\" id=\"t1m_166\">39 160 </span><span class=\"S3A62 SAF1 S2\" id=\"t1n_166\">Other \ufb01nancial instruments </span><span class=\"S3A63 SC5 S2\" id=\"t1o_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A64 SC5 S2\" id=\"t1p_166\">16 699 </span><span class=\"S3A65 SC4 S2\" id=\"t1q_166\">Total </span><span class=\"S3A66 SC4 S2\" id=\"t1r_166\">0 </span><span class=\"S3A67 SC4 S2\" id=\"t1s_166\">61 703 </span><span class=\"S3A68 SC4 S2\" id=\"t1t_166\">16 699 </span><span class=\"S3A69 SC5 S2\" id=\"t1u_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A6A SC5 S2\" id=\"t1v_166\">0 </span><span class=\"S3A6B SC5 S2\" id=\"t1w_166\">39 160 </span><span class=\"S3A6C SC5 S2\" id=\"t1x_166\">16 699 </span><span class=\"S3A6D SC5 S2\" id=\"t1y_166\">Herby current portion, ref note 13 </span><span class=\"S3A6E SC5 S2\" id=\"t1z_166\">0 </span><span class=\"S3A6F SC5 S2\" id=\"t20_166\">22 543 </span><span class=\"S3A70 SC5 S2\" id=\"t21_166\">0 </span><span class=\"S3A71 SC4 S2\" id=\"t22_166\">Liabilities </span><span class=\"S3A72 SAF1 S2\" id=\"t23_166\">Financial instruments used for hedging </span><span class=\"S3A73 SC5 S2\" id=\"t24_166\">\u2013 Currency forward contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A74 SC5 S2\" id=\"t25_166\">5 812 </span><span class=\"S3A75 SC4 S2\" id=\"t26_166\">Total </span><span class=\"S3A76 SC4 S2\" id=\"t27_166\">0 </span><span class=\"S3A77 SC4 S2\" id=\"t28_166\">5 812 </span><span class=\"S3A78 SC4 S2\" id=\"t29_166\">0 </span><span class=\"S3A79 SC5 S2\" id=\"t2a_166\">Herby non-current portion </span><span class=\"S3A7A SC5 S2\" id=\"t2b_166\">0 </span><span class=\"S3A7B SC5 S2\" id=\"t2c_166\">0 </span><span class=\"S3A7C SC5 S2\" id=\"t2d_166\">0 </span><span class=\"S3A7D SC5 S2\" id=\"t2e_166\">Herby current portion, ref note 18 </span><span class=\"S3A7E SC5 S2\" id=\"t2f_166\">0 </span><span class=\"S3A7F SC5 S2\" id=\"t2g_166\">5 812 </span><span class=\"S3A80 SC5 S2\" id=\"t2h_166\">0 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18483": {
   "value": "<span class=\"S3A33 SC4 S2\" id=\"tb_166\">Level 1 </span><span class=\"S3A34 SC4 S2\" id=\"tc_166\">Level 2 </span><span class=\"S3A35 SC4 S2\" id=\"td_166\">Level 3 </span><span class=\"S3A36 SC4 S2\" id=\"te_166\">31.12.2021 </span><span class=\"S3A37 SC4 S2\" id=\"tf_166\">Assets </span><span class=\"S3A38 SAF1 S2\" id=\"tg_166\">Financial instruments used for hedging </span><span class=\"S3A39 SC5 S2\" id=\"th_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A3A SC5 S2\" id=\"ti_166\">58 173 </span><span class=\"S3A3B SC5 S2\" id=\"tj_166\">\u2013 Fish Pool contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3C SC5 S2\" id=\"tk_166\">1 836 </span><span class=\"S3A3D SC5 S2\" id=\"tl_166\">\u2013 Bunker derivatives (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3E SC5 S2\" id=\"tm_166\">1 497 </span><span class=\"S3A3F SC5 S2\" id=\"tn_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A40 SC5 S2\" id=\"to_166\">9 121 </span><span class=\"S3A41 SAF1 S2\" id=\"tp_166\">Other \ufb01nancial instruments </span><span class=\"S3A42 SC5 S2\" id=\"tq_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A43 SC5 S2\" id=\"tr_166\">20 974 </span><span class=\"S3A44 SC4 S2\" id=\"ts_166\">Total </span><span class=\"S3A45 SC4 S2\" id=\"tt_166\">0 </span><span class=\"S3A46 SC4 S2\" id=\"tu_166\">70 628 </span><span class=\"S3A47 SC4 S2\" id=\"tv_166\">20 974 </span><span class=\"S3A48 SC5 S2\" id=\"tw_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A49 SC5 S2\" id=\"tx_166\">0 </span><span class=\"S3A4A SC5 S2\" id=\"ty_166\">9 121 </span><span class=\"S3A4B SC5 S2\" id=\"tz_166\">20 974 </span><span class=\"S3A4C SC5 S2\" id=\"t10_166\">Herby current portion, ref note 13 </span><span class=\"S3A4D SC5 S2\" id=\"t11_166\">0 </span><span class=\"S3A4E SC5 S2\" id=\"t12_166\">61 506 </span><span class=\"S3A4F SC5 S2\" id=\"t13_166\">0 </span><span class=\"S3A50 SC4 S2\" id=\"t14_166\">Liabilities </span><span class=\"S3A51 SAF1 S2\" id=\"t15_166\">Financial instruments used for hedging </span><span class=\"S3A52 SC5 S2\" id=\"t16_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A53 SC5 S2\" id=\"t17_166\">577 </span><span class=\"S3A54 SC4 S2\" id=\"t18_166\">Total </span><span class=\"S3A55 SC4 S2\" id=\"t19_166\">0 </span><span class=\"S3A56 SC4 S2\" id=\"t1a_166\">577 </span><span class=\"S3A57 SC4 S2\" id=\"t1b_166\">0 </span><span class=\"S3A58 SC5 S2\" id=\"t1c_166\">Herby non-current portion </span><span class=\"S3A59 SC5 S2\" id=\"t1d_166\">0 </span><span class=\"S3A5A SC5 S2\" id=\"t1e_166\">Herby current portion, ref note 18 </span><span class=\"S3A5B SC5 S2\" id=\"t1f_166\">577 </span><span class=\"S3A5C SC4 S2\" id=\"t1g_166\">31.12.2022 </span><span class=\"S3A5D SC4 S2\" id=\"t1h_166\">Assets </span><span class=\"S82 SAF1 S2\" id=\"t1i_166\">Financial instruments used for hedging </span><span class=\"S3A5E SC5 S2\" id=\"t1j_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A5F SC5 S2\" id=\"t1k_166\">22 543 </span><span class=\"S3A60 SC5 S2\" id=\"t1l_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A61 SC5 S2\" id=\"t1m_166\">39 160 </span><span class=\"S3A62 SAF1 S2\" id=\"t1n_166\">Other \ufb01nancial instruments </span><span class=\"S3A63 SC5 S2\" id=\"t1o_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A64 SC5 S2\" id=\"t1p_166\">16 699 </span><span class=\"S3A65 SC4 S2\" id=\"t1q_166\">Total </span><span class=\"S3A66 SC4 S2\" id=\"t1r_166\">0 </span><span class=\"S3A67 SC4 S2\" id=\"t1s_166\">61 703 </span><span class=\"S3A68 SC4 S2\" id=\"t1t_166\">16 699 </span><span class=\"S3A69 SC5 S2\" id=\"t1u_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A6A SC5 S2\" id=\"t1v_166\">0 </span><span class=\"S3A6B SC5 S2\" id=\"t1w_166\">39 160 </span><span class=\"S3A6C SC5 S2\" id=\"t1x_166\">16 699 </span><span class=\"S3A6D SC5 S2\" id=\"t1y_166\">Herby current portion, ref note 13 </span><span class=\"S3A6E SC5 S2\" id=\"t1z_166\">0 </span><span class=\"S3A6F SC5 S2\" id=\"t20_166\">22 543 </span><span class=\"S3A70 SC5 S2\" id=\"t21_166\">0 </span><span class=\"S3A71 SC4 S2\" id=\"t22_166\">Liabilities </span><span class=\"S3A72 SAF1 S2\" id=\"t23_166\">Financial instruments used for hedging </span><span class=\"S3A73 SC5 S2\" id=\"t24_166\">\u2013 Currency forward contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A74 SC5 S2\" id=\"t25_166\">5 812 </span><span class=\"S3A75 SC4 S2\" id=\"t26_166\">Total </span><span class=\"S3A76 SC4 S2\" id=\"t27_166\">0 </span><span class=\"S3A77 SC4 S2\" id=\"t28_166\">5 812 </span><span class=\"S3A78 SC4 S2\" id=\"t29_166\">0 </span><span class=\"S3A79 SC5 S2\" id=\"t2a_166\">Herby non-current portion </span><span class=\"S3A7A SC5 S2\" id=\"t2b_166\">0 </span><span class=\"S3A7B SC5 S2\" id=\"t2c_166\">0 </span><span class=\"S3A7C SC5 S2\" id=\"t2d_166\">0 </span><span class=\"S3A7D SC5 S2\" id=\"t2e_166\">Herby current portion, ref note 18 </span><span class=\"S3A7E SC5 S2\" id=\"t2f_166\">0 </span><span class=\"S3A7F SC5 S2\" id=\"t2g_166\">5 812 </span><span class=\"S3A80 SC5 S2\" id=\"t2h_166\">0 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18484": {
   "value": "<span class=\"S3A33 SC4 S2\" id=\"tb_166\">Level 1 </span><span class=\"S3A34 SC4 S2\" id=\"tc_166\">Level 2 </span><span class=\"S3A35 SC4 S2\" id=\"td_166\">Level 3 </span><span class=\"S3A36 SC4 S2\" id=\"te_166\">31.12.2021 </span><span class=\"S3A37 SC4 S2\" id=\"tf_166\">Assets </span><span class=\"S3A38 SAF1 S2\" id=\"tg_166\">Financial instruments used for hedging </span><span class=\"S3A39 SC5 S2\" id=\"th_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A3A SC5 S2\" id=\"ti_166\">58 173 </span><span class=\"S3A3B SC5 S2\" id=\"tj_166\">\u2013 Fish Pool contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3C SC5 S2\" id=\"tk_166\">1 836 </span><span class=\"S3A3D SC5 S2\" id=\"tl_166\">\u2013 Bunker derivatives (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A3E SC5 S2\" id=\"tm_166\">1 497 </span><span class=\"S3A3F SC5 S2\" id=\"tn_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A40 SC5 S2\" id=\"to_166\">9 121 </span><span class=\"S3A41 SAF1 S2\" id=\"tp_166\">Other \ufb01nancial instruments </span><span class=\"S3A42 SC5 S2\" id=\"tq_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A43 SC5 S2\" id=\"tr_166\">20 974 </span><span class=\"S3A44 SC4 S2\" id=\"ts_166\">Total </span><span class=\"S3A45 SC4 S2\" id=\"tt_166\">0 </span><span class=\"S3A46 SC4 S2\" id=\"tu_166\">70 628 </span><span class=\"S3A47 SC4 S2\" id=\"tv_166\">20 974 </span><span class=\"S3A48 SC5 S2\" id=\"tw_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A49 SC5 S2\" id=\"tx_166\">0 </span><span class=\"S3A4A SC5 S2\" id=\"ty_166\">9 121 </span><span class=\"S3A4B SC5 S2\" id=\"tz_166\">20 974 </span><span class=\"S3A4C SC5 S2\" id=\"t10_166\">Herby current portion, ref note 13 </span><span class=\"S3A4D SC5 S2\" id=\"t11_166\">0 </span><span class=\"S3A4E SC5 S2\" id=\"t12_166\">61 506 </span><span class=\"S3A4F SC5 S2\" id=\"t13_166\">0 </span><span class=\"S3A50 SC4 S2\" id=\"t14_166\">Liabilities </span><span class=\"S3A51 SAF1 S2\" id=\"t15_166\">Financial instruments used for hedging </span><span class=\"S3A52 SC5 S2\" id=\"t16_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A53 SC5 S2\" id=\"t17_166\">577 </span><span class=\"S3A54 SC4 S2\" id=\"t18_166\">Total </span><span class=\"S3A55 SC4 S2\" id=\"t19_166\">0 </span><span class=\"S3A56 SC4 S2\" id=\"t1a_166\">577 </span><span class=\"S3A57 SC4 S2\" id=\"t1b_166\">0 </span><span class=\"S3A58 SC5 S2\" id=\"t1c_166\">Herby non-current portion </span><span class=\"S3A59 SC5 S2\" id=\"t1d_166\">0 </span><span class=\"S3A5A SC5 S2\" id=\"t1e_166\">Herby current portion, ref note 18 </span><span class=\"S3A5B SC5 S2\" id=\"t1f_166\">577 </span><span class=\"S3A5C SC4 S2\" id=\"t1g_166\">31.12.2022 </span><span class=\"S3A5D SC4 S2\" id=\"t1h_166\">Assets </span><span class=\"S82 SAF1 S2\" id=\"t1i_166\">Financial instruments used for hedging </span><span class=\"S3A5E SC5 S2\" id=\"t1j_166\">\u2013 Currency forward contracts (fair value hedging) - fair value through pro\ufb01t or loss </span><span class=\"S3A5F SC5 S2\" id=\"t1k_166\">22 543 </span><span class=\"S3A60 SC5 S2\" id=\"t1l_166\">\u2013 Interest rate swaps (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A61 SC5 S2\" id=\"t1m_166\">39 160 </span><span class=\"S3A62 SAF1 S2\" id=\"t1n_166\">Other \ufb01nancial instruments </span><span class=\"S3A63 SC5 S2\" id=\"t1o_166\">\u2013 Other shares - fair value through pro\ufb01t or loss </span><span class=\"S3A64 SC5 S2\" id=\"t1p_166\">16 699 </span><span class=\"S3A65 SC4 S2\" id=\"t1q_166\">Total </span><span class=\"S3A66 SC4 S2\" id=\"t1r_166\">0 </span><span class=\"S3A67 SC4 S2\" id=\"t1s_166\">61 703 </span><span class=\"S3A68 SC4 S2\" id=\"t1t_166\">16 699 </span><span class=\"S3A69 SC5 S2\" id=\"t1u_166\">Herby non-current portion, ref note 13 and note 10 </span><span class=\"S3A6A SC5 S2\" id=\"t1v_166\">0 </span><span class=\"S3A6B SC5 S2\" id=\"t1w_166\">39 160 </span><span class=\"S3A6C SC5 S2\" id=\"t1x_166\">16 699 </span><span class=\"S3A6D SC5 S2\" id=\"t1y_166\">Herby current portion, ref note 13 </span><span class=\"S3A6E SC5 S2\" id=\"t1z_166\">0 </span><span class=\"S3A6F SC5 S2\" id=\"t20_166\">22 543 </span><span class=\"S3A70 SC5 S2\" id=\"t21_166\">0 </span><span class=\"S3A71 SC4 S2\" id=\"t22_166\">Liabilities </span><span class=\"S3A72 SAF1 S2\" id=\"t23_166\">Financial instruments used for hedging </span><span class=\"S3A73 SC5 S2\" id=\"t24_166\">\u2013 Currency forward contracts (cash \ufb02ow hedging) - fair value through other comprehensive income </span><span class=\"S3A74 SC5 S2\" id=\"t25_166\">5 812 </span><span class=\"S3A75 SC4 S2\" id=\"t26_166\">Total </span><span class=\"S3A76 SC4 S2\" id=\"t27_166\">0 </span><span class=\"S3A77 SC4 S2\" id=\"t28_166\">5 812 </span><span class=\"S3A78 SC4 S2\" id=\"t29_166\">0 </span><span class=\"S3A79 SC5 S2\" id=\"t2a_166\">Herby non-current portion </span><span class=\"S3A7A SC5 S2\" id=\"t2b_166\">0 </span><span class=\"S3A7B SC5 S2\" id=\"t2c_166\">0 </span><span class=\"S3A7C SC5 S2\" id=\"t2d_166\">0 </span><span class=\"S3A7D SC5 S2\" id=\"t2e_166\">Herby current portion, ref note 18 </span><span class=\"S3A7E SC5 S2\" id=\"t2f_166\">0 </span><span class=\"S3A7F SC5 S2\" id=\"t2g_166\">5 812 </span><span class=\"S3A80 SC5 S2\" id=\"t2h_166\">0 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18581": {
   "value": "<span class=\"S21BC SC7 S2\" id=\"t1_167\">Change in fair value on \ufb01nancial intruments included in receivables, debt, pro\ufb01t and loss and OCI </span><span class=\"S31D0 SC8 S2\" id=\"t2_167\">The table below presents the accounting of \ufb01nancial instruments included in receivables and debt. </span><span class=\"S22B2 SC8 S2\" id=\"t3_167\">The \ufb01nancial instruments are recognised at fair value. Depending on type of hedge, the change in fair value is booked </span><span class=\"S3A82 SC8 S2\" id=\"t4_167\">either through PL or OCI. </span><span class=\"S3A83 SC8 S2\" id=\"t5_167\">Each type of \ufb01nancial instruments is further explained below the table. </span><span class=\"S3A84 SC4 S2\" id=\"t6_167\">Changes in balance sheet values before tax </span><span class=\"S3A85 SC4 S2\" id=\"t7_167\">Fair value as </span><span class=\"S3A86 SC4 S2\" id=\"t8_167\">of 01.01.2022 </span><span class=\"S3A87 SC4 S2\" id=\"t9_167\">Fair value </span><span class=\"S3A88 SC4 S2\" id=\"ta_167\">through pro\ufb01t </span><span class=\"S3A89 SC4 S2\" id=\"tb_167\">or loss </span><span class=\"S3A8A SC4 S2\" id=\"tc_167\">Fair value </span><span class=\"S3A8B SC4 S2\" id=\"td_167\">through other </span><span class=\"S3A8C SC4 S2\" id=\"te_167\">comprehensive </span><span class=\"S3A8D SC4 S2\" id=\"tf_167\">income </span><span class=\"S3A8E SC4 S2\" id=\"tg_167\">Currency </span><span class=\"S3A8F SC4 S2\" id=\"th_167\">translation </span><span class=\"S3A90 SC4 S2\" id=\"ti_167\">differences </span><span class=\"S3A91 SC4 S2\" id=\"tj_167\">Fair value as </span><span class=\"S3A92 SC4 S2\" id=\"tk_167\">of </span><span class=\"S3A93 SC4 S2\" id=\"tl_167\">31.12.2022 </span><span class=\"S3A94 SC4 S2\" id=\"tm_167\">Financial instruments included in non-current receivables </span><span class=\"S3A95 SC5 S2\" id=\"tn_167\">Interest rate swap agreements </span><span class=\"S3A96 SC5 S2\" id=\"to_167\">9 121 </span><span class=\"S3A97 SC5 S2\" id=\"tp_167\">30 039 </span><span class=\"S3A98 SC5 S2\" id=\"tq_167\">39 160 </span><span class=\"S3A99 SC4 S2\" id=\"tr_167\">Total </span><span class=\"S3A9A SC4 S2\" id=\"ts_167\">9 121 </span><span class=\"S3A9B SC4 S2\" id=\"tt_167\">0 </span><span class=\"S3A9C SC4 S2\" id=\"tu_167\">30 039 </span><span class=\"S3A9D SC4 S2\" id=\"tv_167\">0 </span><span class=\"S3A9E SC4 S2\" id=\"tw_167\">39 160 </span><span class=\"S3A9F SC4 S2\" id=\"tx_167\">Financial instruments included in other current receivables </span><span class=\"S3AA0 SC5 S2\" id=\"ty_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3AA1 SC5 S2\" id=\"tz_167\">40 995 </span><span class=\"S3AA2 SC5 S2\" id=\"t10_167\">-37 056 </span><span class=\"S3AA3 SC5 S2\" id=\"t11_167\">3 939 </span><span class=\"S3AA4 SC5 S2\" id=\"t12_167\">Currency forward contracts - non-recognised hedge objects </span><span class=\"S3AA5 SC5 S2\" id=\"t13_167\">17 178 </span><span class=\"S3AA6 SC5 S2\" id=\"t14_167\">1 426 </span><span class=\"S3AA7 SC5 S2\" id=\"t15_167\">18 604 </span><span class=\"S3AA8 SC5 S2\" id=\"t16_167\">Bunker derivates </span><span class=\"S3AA9 SC5 S2\" id=\"t17_167\">1 497 </span><span class=\"S3AAA SC5 S2\" id=\"t18_167\">-1 497 </span><span class=\"S3AAB SC5 S2\" id=\"t19_167\">0 </span><span class=\"S3AAC SC5 S2\" id=\"t1a_167\">Fish Pool contracts </span><span class=\"S3AAD SC5 S2\" id=\"t1b_167\">1 836 </span><span class=\"S3AAE SC5 S2\" id=\"t1c_167\">-1 940 </span><span class=\"S3AAF SC5 S2\" id=\"t1d_167\">104 </span><span class=\"S3AB0 SC5 S2\" id=\"t1e_167\">0 </span><span class=\"S3AB1 SC4 S2\" id=\"t1f_167\">Total </span><span class=\"S3AB2 SC4 S2\" id=\"t1g_167\">61 506 </span><span class=\"S3AB3 SC4 S2\" id=\"t1h_167\">-35 630 </span><span class=\"S3AB4 SC4 S2\" id=\"t1i_167\">-3 437 </span><span class=\"S3AB5 SC4 S2\" id=\"t1j_167\">104 </span><span class=\"S3AB6 SC4 S2\" id=\"t1k_167\">22 544 </span><span class=\"S3AB7 SC4 S2\" id=\"t1l_167\">Financial instruments included in other short-term liabilities </span><span class=\"S3AB8 SC5 S2\" id=\"t1m_167\">Interest rate swap agreements </span><span class=\"S3AB9 SC5 S2\" id=\"t1n_167\">-577 </span><span class=\"S3ABA SC5 S2\" id=\"t1o_167\">577 </span><span class=\"S3ABB SC5 S2\" id=\"t1p_167\">0 </span><span class=\"S3ABC SC5 S2\" id=\"t1q_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3ABD SC5 S2\" id=\"t1r_167\">0 </span><span class=\"S3ABE SC5 S2\" id=\"t1s_167\">-5 812 </span><span class=\"S3ABF SC5 S2\" id=\"t1t_167\">-5 812 </span><span class=\"S3AC0 SC5 S2\" id=\"t1u_167\">Bunker derivates </span><span class=\"S3AC1 SC5 S2\" id=\"t1v_167\">0 </span><span class=\"S3AC2 SC5 S2\" id=\"t1w_167\">0 </span><span class=\"S3AC3 SC5 S2\" id=\"t1x_167\">0 </span><span class=\"S3AC4 SC5 S2\" id=\"t1y_167\">Fish Pool contracts </span><span class=\"S3AC5 SC5 S2\" id=\"t1z_167\">0 </span><span class=\"S3AC6 SC5 S2\" id=\"t20_167\">0 </span><span class=\"S3AC7 SC5 S2\" id=\"t21_167\">0 </span><span class=\"S3AC8 SC4 S2\" id=\"t22_167\">Total </span><span class=\"S3AC9 SC4 S2\" id=\"t23_167\">-577 </span><span class=\"S3ACA SC4 S2\" id=\"t24_167\">0 </span><span class=\"S3ACB SC4 S2\" id=\"t25_167\">-5 235 </span><span class=\"S3ACC SC4 S2\" id=\"t26_167\">0 </span><span class=\"S3ACD SC4 S2\" id=\"t27_167\">-5 812 </span><span class=\"S3ACE SC4 S2\" id=\"t28_167\">Net value before tax </span><span class=\"S3ACF SC4 S2\" id=\"t29_167\">70 051 </span><span class=\"S3AD0 SC4 S2\" id=\"t2a_167\">-35 630 </span><span class=\"S3AD1 SC4 S2\" id=\"t2b_167\">21 367 </span><span class=\"S3AD2 SC4 S2\" id=\"t2c_167\">104 </span><span class=\"S3AD3 SC4 S2\" id=\"t2d_167\">55 892 </span><span class=\"S3AD4 SAF1 S2\" id=\"t2e_167\">* Non-recognised hedge objects consist of binding sales contracts that are hedged (value hedges). Change in fair value on hedged risk in the </span><span class=\"S3AD5 SAF1 S2\" id=\"t2f_167\">hedged period is recognised through pro\ufb01t or loss. The change in fair value on the hedging instrument will have its opposite equal value as </span><span class=\"S3AD6 SAF1 S2\" id=\"t2g_167\">a short term receivable or as other short term debt, depending on positive or negative value on the instrument. Information on this will be </span><span class=\"S3AD7 SAF1 S2\" id=\"t2h_167\">included in either the note on receivables or other short-term debt, depending on positive or negative value in the instrument. </span><span class=\"S3AD8 SC4 S2\" id=\"t2i_167\">Changes in balance sheet values, net after tax </span><span class=\"S3AD9 SC4 S2\" id=\"t2j_167\">Fair value as </span><span class=\"S3ADA SC4 S2\" id=\"t2k_167\">of 01.01.2022 </span><span class=\"S3ADB SC4 S2\" id=\"t2l_167\">Fair value </span><span class=\"S3ADC SC4 S2\" id=\"t2m_167\">through pro\ufb01t </span><span class=\"S3ADD SC4 S2\" id=\"t2n_167\">or loss </span><span class=\"S3ADE SC4 S2\" id=\"t2o_167\">Fair value </span><span class=\"S3ADF SC4 S2\" id=\"t2p_167\">through other </span><span class=\"S3AE0 SC4 S2\" id=\"t2q_167\">comprehensive </span><span class=\"S3AE1 SC4 S2\" id=\"t2r_167\">income </span><span class=\"S3AE2 SC4 S2\" id=\"t2s_167\">Currency </span><span class=\"S3AE3 SC4 S2\" id=\"t2t_167\">translation </span><span class=\"S3AE4 SC4 S2\" id=\"t2u_167\">differences </span><span class=\"S3AE5 SC4 S2\" id=\"t2v_167\">Fair value as </span><span class=\"S3AE6 SC4 S2\" id=\"t2w_167\">of </span><span class=\"S3AE7 SC4 S2\" id=\"t2x_167\">31.12.2022 </span><span class=\"S3AE8 SC4 S2\" id=\"t2y_167\">Net value before tax </span><span class=\"S3AE9 SC4 S2\" id=\"t2z_167\">70 051 </span><span class=\"S3AEA SC4 S2\" id=\"t30_167\">-35 630 </span><span class=\"S3AEB SC4 S2\" id=\"t31_167\">21 367 </span><span class=\"S3AEC SC4 S2\" id=\"t32_167\">104 </span><span class=\"S3AED SC4 S2\" id=\"t33_167\">55 892 </span><span class=\"S3AEE SC4 S2\" id=\"t34_167\">Deferred tax asset (-) / liability (+), \ufb01nancial instruments </span><span class=\"S3AEF SC4 S2\" id=\"t35_167\">-15 270 </span><span class=\"S3AF0 SC4 S2\" id=\"t36_167\">7 839 </span><span class=\"S3AF1 SC4 S2\" id=\"t37_167\">-5 243 </span><span class=\"S3AF2 SC4 S2\" id=\"t38_167\">-28 </span><span class=\"S3AF3 SC4 S2\" id=\"t39_167\">-12 703 </span><span class=\"S3AF4 SC4 S2\" id=\"t3a_167\">Net value after tax </span><span class=\"S3AF5 SC4 S2\" id=\"t3b_167\">54 781 </span><span class=\"S3AF6 SC4 S2\" id=\"t3c_167\">-27 791 </span><span class=\"S3AF7 SC4 S2\" id=\"t3d_167\">16 124 </span><span class=\"S3AF8 SC4 S2\" id=\"t3e_167\">76 </span><span class=\"S3AF9 SC4 S2\" id=\"t3f_167\">43 189 </span><span class=\"S3AFA SC4 S2\" id=\"t3g_167\">Changes through OCI </span><span class=\"S3AFB SC4 S2\" id=\"t3h_167\">after tax, per type of instrument </span><span class=\"S3AFC SC4 S2\" id=\"t3i_167\">2022 </span><span class=\"S3AFD SC4 S2\" id=\"t3j_167\">2021 </span><span class=\"S3AFE SC5 S2\" id=\"t3k_167\">Changes interest rate swap agreements </span><span class=\"S3AFF SC5 S2\" id=\"t3l_167\">23 880 </span><span class=\"S3B00 SC5 S2\" id=\"t3m_167\">44 252 </span><span class=\"S3B01 SC5 S2\" id=\"t3n_167\">Changes currency forward contracts </span><span class=\"S3B02 SC5 S2\" id=\"t3o_167\">-4 940 </span><span class=\"S3B03 SC5 S2\" id=\"t3p_167\">0 </span><span class=\"S3B04 SC5 S2\" id=\"t3q_167\">Changes bunker derivatives </span><span class=\"S3B05 SC5 S2\" id=\"t3r_167\">-1 167 </span><span class=\"S3B06 SC5 S2\" id=\"t3s_167\">13 098 </span><span class=\"S3B07 SC5 S2\" id=\"t3t_167\">Changes Fish Pool contracts </span><span class=\"S3B08 SC5 S2\" id=\"t3u_167\">-1 649 </span><span class=\"S3B09 SC5 S2\" id=\"t3v_167\">5 408 </span><span class=\"S3B0A SC4 S2\" id=\"t3w_167\">Total (ref. Statement of comprehensive income) </span><span class=\"S3B0B SC4 S2\" id=\"t3x_167\">16 124 </span><span class=\"S3B0C SC4 S2\" id=\"t3y_167\">62 758 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18582": {
   "value": "<span class=\"S21BC SC7 S2\" id=\"t1_167\">Change in fair value on \ufb01nancial intruments included in receivables, debt, pro\ufb01t and loss and OCI </span><span class=\"S31D0 SC8 S2\" id=\"t2_167\">The table below presents the accounting of \ufb01nancial instruments included in receivables and debt. </span><span class=\"S22B2 SC8 S2\" id=\"t3_167\">The \ufb01nancial instruments are recognised at fair value. Depending on type of hedge, the change in fair value is booked </span><span class=\"S3A82 SC8 S2\" id=\"t4_167\">either through PL or OCI. </span><span class=\"S3A83 SC8 S2\" id=\"t5_167\">Each type of \ufb01nancial instruments is further explained below the table. </span><span class=\"S3A84 SC4 S2\" id=\"t6_167\">Changes in balance sheet values before tax </span><span class=\"S3A85 SC4 S2\" id=\"t7_167\">Fair value as </span><span class=\"S3A86 SC4 S2\" id=\"t8_167\">of 01.01.2022 </span><span class=\"S3A87 SC4 S2\" id=\"t9_167\">Fair value </span><span class=\"S3A88 SC4 S2\" id=\"ta_167\">through pro\ufb01t </span><span class=\"S3A89 SC4 S2\" id=\"tb_167\">or loss </span><span class=\"S3A8A SC4 S2\" id=\"tc_167\">Fair value </span><span class=\"S3A8B SC4 S2\" id=\"td_167\">through other </span><span class=\"S3A8C SC4 S2\" id=\"te_167\">comprehensive </span><span class=\"S3A8D SC4 S2\" id=\"tf_167\">income </span><span class=\"S3A8E SC4 S2\" id=\"tg_167\">Currency </span><span class=\"S3A8F SC4 S2\" id=\"th_167\">translation </span><span class=\"S3A90 SC4 S2\" id=\"ti_167\">differences </span><span class=\"S3A91 SC4 S2\" id=\"tj_167\">Fair value as </span><span class=\"S3A92 SC4 S2\" id=\"tk_167\">of </span><span class=\"S3A93 SC4 S2\" id=\"tl_167\">31.12.2022 </span><span class=\"S3A94 SC4 S2\" id=\"tm_167\">Financial instruments included in non-current receivables </span><span class=\"S3A95 SC5 S2\" id=\"tn_167\">Interest rate swap agreements </span><span class=\"S3A96 SC5 S2\" id=\"to_167\">9 121 </span><span class=\"S3A97 SC5 S2\" id=\"tp_167\">30 039 </span><span class=\"S3A98 SC5 S2\" id=\"tq_167\">39 160 </span><span class=\"S3A99 SC4 S2\" id=\"tr_167\">Total </span><span class=\"S3A9A SC4 S2\" id=\"ts_167\">9 121 </span><span class=\"S3A9B SC4 S2\" id=\"tt_167\">0 </span><span class=\"S3A9C SC4 S2\" id=\"tu_167\">30 039 </span><span class=\"S3A9D SC4 S2\" id=\"tv_167\">0 </span><span class=\"S3A9E SC4 S2\" id=\"tw_167\">39 160 </span><span class=\"S3A9F SC4 S2\" id=\"tx_167\">Financial instruments included in other current receivables </span><span class=\"S3AA0 SC5 S2\" id=\"ty_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3AA1 SC5 S2\" id=\"tz_167\">40 995 </span><span class=\"S3AA2 SC5 S2\" id=\"t10_167\">-37 056 </span><span class=\"S3AA3 SC5 S2\" id=\"t11_167\">3 939 </span><span class=\"S3AA4 SC5 S2\" id=\"t12_167\">Currency forward contracts - non-recognised hedge objects </span><span class=\"S3AA5 SC5 S2\" id=\"t13_167\">17 178 </span><span class=\"S3AA6 SC5 S2\" id=\"t14_167\">1 426 </span><span class=\"S3AA7 SC5 S2\" id=\"t15_167\">18 604 </span><span class=\"S3AA8 SC5 S2\" id=\"t16_167\">Bunker derivates </span><span class=\"S3AA9 SC5 S2\" id=\"t17_167\">1 497 </span><span class=\"S3AAA SC5 S2\" id=\"t18_167\">-1 497 </span><span class=\"S3AAB SC5 S2\" id=\"t19_167\">0 </span><span class=\"S3AAC SC5 S2\" id=\"t1a_167\">Fish Pool contracts </span><span class=\"S3AAD SC5 S2\" id=\"t1b_167\">1 836 </span><span class=\"S3AAE SC5 S2\" id=\"t1c_167\">-1 940 </span><span class=\"S3AAF SC5 S2\" id=\"t1d_167\">104 </span><span class=\"S3AB0 SC5 S2\" id=\"t1e_167\">0 </span><span class=\"S3AB1 SC4 S2\" id=\"t1f_167\">Total </span><span class=\"S3AB2 SC4 S2\" id=\"t1g_167\">61 506 </span><span class=\"S3AB3 SC4 S2\" id=\"t1h_167\">-35 630 </span><span class=\"S3AB4 SC4 S2\" id=\"t1i_167\">-3 437 </span><span class=\"S3AB5 SC4 S2\" id=\"t1j_167\">104 </span><span class=\"S3AB6 SC4 S2\" id=\"t1k_167\">22 544 </span><span class=\"S3AB7 SC4 S2\" id=\"t1l_167\">Financial instruments included in other short-term liabilities </span><span class=\"S3AB8 SC5 S2\" id=\"t1m_167\">Interest rate swap agreements </span><span class=\"S3AB9 SC5 S2\" id=\"t1n_167\">-577 </span><span class=\"S3ABA SC5 S2\" id=\"t1o_167\">577 </span><span class=\"S3ABB SC5 S2\" id=\"t1p_167\">0 </span><span class=\"S3ABC SC5 S2\" id=\"t1q_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3ABD SC5 S2\" id=\"t1r_167\">0 </span><span class=\"S3ABE SC5 S2\" id=\"t1s_167\">-5 812 </span><span class=\"S3ABF SC5 S2\" id=\"t1t_167\">-5 812 </span><span class=\"S3AC0 SC5 S2\" id=\"t1u_167\">Bunker derivates </span><span class=\"S3AC1 SC5 S2\" id=\"t1v_167\">0 </span><span class=\"S3AC2 SC5 S2\" id=\"t1w_167\">0 </span><span class=\"S3AC3 SC5 S2\" id=\"t1x_167\">0 </span><span class=\"S3AC4 SC5 S2\" id=\"t1y_167\">Fish Pool contracts </span><span class=\"S3AC5 SC5 S2\" id=\"t1z_167\">0 </span><span class=\"S3AC6 SC5 S2\" id=\"t20_167\">0 </span><span class=\"S3AC7 SC5 S2\" id=\"t21_167\">0 </span><span class=\"S3AC8 SC4 S2\" id=\"t22_167\">Total </span><span class=\"S3AC9 SC4 S2\" id=\"t23_167\">-577 </span><span class=\"S3ACA SC4 S2\" id=\"t24_167\">0 </span><span class=\"S3ACB SC4 S2\" id=\"t25_167\">-5 235 </span><span class=\"S3ACC SC4 S2\" id=\"t26_167\">0 </span><span class=\"S3ACD SC4 S2\" id=\"t27_167\">-5 812 </span><span class=\"S3ACE SC4 S2\" id=\"t28_167\">Net value before tax </span><span class=\"S3ACF SC4 S2\" id=\"t29_167\">70 051 </span><span class=\"S3AD0 SC4 S2\" id=\"t2a_167\">-35 630 </span><span class=\"S3AD1 SC4 S2\" id=\"t2b_167\">21 367 </span><span class=\"S3AD2 SC4 S2\" id=\"t2c_167\">104 </span><span class=\"S3AD3 SC4 S2\" id=\"t2d_167\">55 892 </span><span class=\"S3AD4 SAF1 S2\" id=\"t2e_167\">* Non-recognised hedge objects consist of binding sales contracts that are hedged (value hedges). Change in fair value on hedged risk in the </span><span class=\"S3AD5 SAF1 S2\" id=\"t2f_167\">hedged period is recognised through pro\ufb01t or loss. The change in fair value on the hedging instrument will have its opposite equal value as </span><span class=\"S3AD6 SAF1 S2\" id=\"t2g_167\">a short term receivable or as other short term debt, depending on positive or negative value on the instrument. Information on this will be </span><span class=\"S3AD7 SAF1 S2\" id=\"t2h_167\">included in either the note on receivables or other short-term debt, depending on positive or negative value in the instrument. </span><span class=\"S3AD8 SC4 S2\" id=\"t2i_167\">Changes in balance sheet values, net after tax </span><span class=\"S3AD9 SC4 S2\" id=\"t2j_167\">Fair value as </span><span class=\"S3ADA SC4 S2\" id=\"t2k_167\">of 01.01.2022 </span><span class=\"S3ADB SC4 S2\" id=\"t2l_167\">Fair value </span><span class=\"S3ADC SC4 S2\" id=\"t2m_167\">through pro\ufb01t </span><span class=\"S3ADD SC4 S2\" id=\"t2n_167\">or loss </span><span class=\"S3ADE SC4 S2\" id=\"t2o_167\">Fair value </span><span class=\"S3ADF SC4 S2\" id=\"t2p_167\">through other </span><span class=\"S3AE0 SC4 S2\" id=\"t2q_167\">comprehensive </span><span class=\"S3AE1 SC4 S2\" id=\"t2r_167\">income </span><span class=\"S3AE2 SC4 S2\" id=\"t2s_167\">Currency </span><span class=\"S3AE3 SC4 S2\" id=\"t2t_167\">translation </span><span class=\"S3AE4 SC4 S2\" id=\"t2u_167\">differences </span><span class=\"S3AE5 SC4 S2\" id=\"t2v_167\">Fair value as </span><span class=\"S3AE6 SC4 S2\" id=\"t2w_167\">of </span><span class=\"S3AE7 SC4 S2\" id=\"t2x_167\">31.12.2022 </span><span class=\"S3AE8 SC4 S2\" id=\"t2y_167\">Net value before tax </span><span class=\"S3AE9 SC4 S2\" id=\"t2z_167\">70 051 </span><span class=\"S3AEA SC4 S2\" id=\"t30_167\">-35 630 </span><span class=\"S3AEB SC4 S2\" id=\"t31_167\">21 367 </span><span class=\"S3AEC SC4 S2\" id=\"t32_167\">104 </span><span class=\"S3AED SC4 S2\" id=\"t33_167\">55 892 </span><span class=\"S3AEE SC4 S2\" id=\"t34_167\">Deferred tax asset (-) / liability (+), \ufb01nancial instruments </span><span class=\"S3AEF SC4 S2\" id=\"t35_167\">-15 270 </span><span class=\"S3AF0 SC4 S2\" id=\"t36_167\">7 839 </span><span class=\"S3AF1 SC4 S2\" id=\"t37_167\">-5 243 </span><span class=\"S3AF2 SC4 S2\" id=\"t38_167\">-28 </span><span class=\"S3AF3 SC4 S2\" id=\"t39_167\">-12 703 </span><span class=\"S3AF4 SC4 S2\" id=\"t3a_167\">Net value after tax </span><span class=\"S3AF5 SC4 S2\" id=\"t3b_167\">54 781 </span><span class=\"S3AF6 SC4 S2\" id=\"t3c_167\">-27 791 </span><span class=\"S3AF7 SC4 S2\" id=\"t3d_167\">16 124 </span><span class=\"S3AF8 SC4 S2\" id=\"t3e_167\">76 </span><span class=\"S3AF9 SC4 S2\" id=\"t3f_167\">43 189 </span><span class=\"S3AFA SC4 S2\" id=\"t3g_167\">Changes through OCI </span><span class=\"S3AFB SC4 S2\" id=\"t3h_167\">after tax, per type of instrument </span><span class=\"S3AFC SC4 S2\" id=\"t3i_167\">2022 </span><span class=\"S3AFD SC4 S2\" id=\"t3j_167\">2021 </span><span class=\"S3AFE SC5 S2\" id=\"t3k_167\">Changes interest rate swap agreements </span><span class=\"S3AFF SC5 S2\" id=\"t3l_167\">23 880 </span><span class=\"S3B00 SC5 S2\" id=\"t3m_167\">44 252 </span><span class=\"S3B01 SC5 S2\" id=\"t3n_167\">Changes currency forward contracts </span><span class=\"S3B02 SC5 S2\" id=\"t3o_167\">-4 940 </span><span class=\"S3B03 SC5 S2\" id=\"t3p_167\">0 </span><span class=\"S3B04 SC5 S2\" id=\"t3q_167\">Changes bunker derivatives </span><span class=\"S3B05 SC5 S2\" id=\"t3r_167\">-1 167 </span><span class=\"S3B06 SC5 S2\" id=\"t3s_167\">13 098 </span><span class=\"S3B07 SC5 S2\" id=\"t3t_167\">Changes Fish Pool contracts </span><span class=\"S3B08 SC5 S2\" id=\"t3u_167\">-1 649 </span><span class=\"S3B09 SC5 S2\" id=\"t3v_167\">5 408 </span><span class=\"S3B0A SC4 S2\" id=\"t3w_167\">Total (ref. Statement of comprehensive income) </span><span class=\"S3B0B SC4 S2\" id=\"t3x_167\">16 124 </span><span class=\"S3B0C SC4 S2\" id=\"t3y_167\">62 758 </span><span class=\"S3B0E SC7 S2\" id=\"t1_168\">Currency forward contracts </span><span class=\"S2199 SC8 S2\" id=\"t2_168\">The value of the Norwegian krone is </span><span class=\"S3B0F SC8 S2\" id=\"t3_168\">one of many parameters that have an </span><span class=\"S3B10 SC8 S2\" id=\"t4_168\">effect on the Group\u2019s competitiveness. </span><span class=\"S3B11 SC8 S2\" id=\"t5_168\">The Group has at all times a substantial </span><span class=\"S235A SC8 S2\" id=\"t6_168\">biomass in the sea that represents </span><span class=\"S1BA2 SC8 S2\" id=\"t7_168\">future sales. A signi\ufb01cant share of the </span><span class=\"S3B12 SC8 S2\" id=\"t8_168\">Group\u2019s revenue is generated in </span><span class=\"S3B13 SC8 S2\" id=\"t9_168\">currencies other than NOK. Revenue </span><span class=\"S3B14 SC8 S2\" id=\"ta_168\">by currency is presented in the note </span><span class=\"S3B15 SC8 S2\" id=\"tb_168\">on operating segments, and trade </span><span class=\"S1D5C SC8 S2\" id=\"tc_168\">receivables by currency is presented </span><span class=\"S3B16 SC8 S2\" id=\"td_168\">in the note on receivables. </span><span class=\"S3B17 SC8 S2\" id=\"te_168\">In order to minimize the currency risk </span><span class=\"S3B18 SC8 S2\" id=\"tf_168\">the Group uses currency forward </span><span class=\"S3B19 SC8 S2\" id=\"tg_168\">contracts to hedge both net </span><span class=\"S3B1A SC8 S2\" id=\"th_168\">receivables and signed sales </span><span class=\"S1BAD SC8 S2\" id=\"ti_168\">contracts in foreign currency. The </span><span class=\"S3B1B SC8 S2\" id=\"tj_168\">majority of the contracts have this </span><span class=\"S3B1C SC8 S2\" id=\"tk_168\">purpose. Thus the Group recognises </span><span class=\"S1FCD SC8 S2\" id=\"tl_168\">these currency forward contracts as </span><span class=\"S3B1D SC8 S2\" id=\"tm_168\">fair value hedging, also for the signed </span><span class=\"S3B1E SC8 S2\" id=\"tn_168\">sales contracts, which are off-balance </span><span class=\"S3B1F SC8 S2\" id=\"to_168\">items. The change in fair value on </span><span class=\"S1E73 SC8 S2\" id=\"tp_168\">currency forward contracts and </span><span class=\"S308E SC8 S2\" id=\"tq_168\">hedged foreign exchange gain/loss </span><span class=\"S3B20 SC8 S2\" id=\"tr_168\">on \ufb01rm commitments is recognized as </span><span class=\"S3090 SC8 S2\" id=\"ts_168\">foreign exchange gain/loss classi\ufb01ed </span><span class=\"S3B21 SC8 S2\" id=\"tt_168\">as cost of materials in the income </span><span class=\"S3B22 SC8 S2\" id=\"tu_168\">statement, as it relates to the </span><span class=\"S3B23 SC8 S2\" id=\"tv_168\">inventory cycle. </span><span class=\"S3B24 SC8 S2\" id=\"tw_168\">Some currency forward contracts are </span><span class=\"S3B25 SC8 S2\" id=\"tx_168\">acquired by foreign VAPS&amp;D entities </span><span class=\"S3B26 SC8 S2\" id=\"ty_168\">with the purpose of reducing the </span><span class=\"S3B27 SC8 S2\" id=\"tz_168\">currency risk related to external </span><span class=\"S3B28 SC8 S2\" id=\"t10_168\">purchases in NOK. The Group recognize </span><span class=\"S3B29 SC8 S2\" id=\"t11_168\">these currency forward contracts for </span><span class=\"S3B2A SC8 S2\" id=\"t12_168\">purchase contracts as a cash \ufb02ow </span><span class=\"S3B2B SC8 S2\" id=\"t13_168\">hedge. The effective share of the </span><span class=\"S3B2C SC8 S2\" id=\"t14_168\">change in value of the derivatives is </span><span class=\"S3B2D SC8 S2\" id=\"t15_168\">recorded through other comprehensive </span><span class=\"S1D7B SC8 S2\" id=\"t16_168\">income. The gross asset or liability </span><span class=\"S3B2E SC8 S2\" id=\"t17_168\">carried is a taxable temporary </span><span class=\"S3B2F SC8 S2\" id=\"t18_168\">difference. The change in deferred tax </span><span class=\"S3B30 SC8 S2\" id=\"t19_168\">caused by the change in gross carrying </span><span class=\"S3B31 SC8 S2\" id=\"t1a_168\">amount is also recorded through other </span><span class=\"S3B32 SC8 S2\" id=\"t1b_168\">comprehensive income, and is therefore </span><span class=\"S3B33 SC8 S2\" id=\"t1c_168\">not included in the tax cost for the year </span><span class=\"S3B34 SC8 S2\" id=\"t1d_168\">in the income statement. When realised, </span><span class=\"S3B35 SC8 S2\" id=\"t1e_168\">the effect is charged to cost of goods. </span><span class=\"S1FE9 SC7 S2\" id=\"t1f_168\">Financial purchase and sales </span><span class=\"S3B36 SC7 S2\" id=\"t1g_168\">contracts for salmon (Fish Pool </span><span class=\"S3B37 SC7 S2\" id=\"t1h_168\">contracts) </span><span class=\"S2108 SC8 S2\" id=\"t1i_168\">Hedge accounting is applied for the </span><span class=\"S3B38 SC8 S2\" id=\"t1j_168\">\ufb01nancial purchase and sales contracts </span><span class=\"S2DC8 SC8 S2\" id=\"t1k_168\">for salmon (Fish Pool contracts). </span><span class=\"S3096 SC8 S2\" id=\"t1l_168\">Normally, the contracts expire within </span><span class=\"S3B39 SC8 S2\" id=\"t1m_168\">one year. The fair value of the Fish Pool </span><span class=\"S3B3A SC8 S2\" id=\"t1n_168\">derivatives (gross before tax) is carried </span><span class=\"S3B3B SC8 S2\" id=\"t1o_168\">under the item for \u00abother current </span><span class=\"S3B3C SC8 S2\" id=\"t1p_168\">receivables\u00bb when positive and other </span><span class=\"S3B3D SC8 S2\" id=\"t1q_168\">short-term liabilities when negative. </span><span class=\"S3B3E SC8 S2\" id=\"t1r_168\">The effective share of the change in </span><span class=\"S3B3F SC8 S2\" id=\"t1s_168\">value of the derivatives is recorded </span><span class=\"S3B40 SC8 S2\" id=\"t1t_168\">through other comprehensive income </span><span class=\"S3B41 SC8 S2\" id=\"t1u_168\">(cash \ufb02ow hedging). The gross asset or </span><span class=\"S3B42 SC8 S2\" id=\"t1v_168\">liability carried is a taxable temporary </span><span class=\"S3B43 SC8 S2\" id=\"t1w_168\">difference. The change in deferred tax </span><span class=\"S3B44 SC8 S2\" id=\"t1x_168\">caused by the change in gross carrying </span><span class=\"S3B45 SC8 S2\" id=\"t1y_168\">amount is also recorded through other </span><span class=\"S3B46 SC8 S2\" id=\"t1z_168\">comprehensive income, and is therefore </span><span class=\"S3B47 SC8 S2\" id=\"t20_168\">not included in the tax cost for the year </span><span class=\"S3B48 SC8 S2\" id=\"t21_168\">in the income statement. When </span><span class=\"S3B49 SC8 S2\" id=\"t22_168\">realised, the effect is charged to cost </span><span class=\"S3B4A SC8 S2\" id=\"t23_168\">of goods. </span><span class=\"S3B4B SC7 S2\" id=\"t24_168\">Financial purchase contracts for </span><span class=\"S3B4C SC7 S2\" id=\"t25_168\">bunkers (bunker derivatives) </span><span class=\"S31AF SC8 S2\" id=\"t26_168\">Hedge accounting is applied for the </span><span class=\"S31B0 SC8 S2\" id=\"t27_168\">\ufb01nancial purchase contracts for </span><span class=\"S3B4D SC8 S2\" id=\"t28_168\">bunkers (bunker derivatives). Normally, </span><span class=\"S1F9F SC8 S2\" id=\"t29_168\">the contracts expire within one year. </span><span class=\"S3B4E SC8 S2\" id=\"t2a_168\">The fair value of the bunker derivatives </span><span class=\"S3B4F SC8 S2\" id=\"t2b_168\">(gross before tax) is carried under the </span><span class=\"S3B50 SC8 S2\" id=\"t2c_168\">item for \u00abother current receivables\u00bb </span><span class=\"S3B51 SC8 S2\" id=\"t2d_168\">when positive and other short-term </span><span class=\"S3B52 SC8 S2\" id=\"t2e_168\">liabilities when negative. The effective </span><span class=\"S3B53 SC8 S2\" id=\"t2f_168\">share of the change in value of the </span><span class=\"S20C8 SC8 S2\" id=\"t2g_168\">derivatives is recorded through other </span><span class=\"S3B54 SC8 S2\" id=\"t2h_168\">comprehensive income (cash \ufb02ow </span><span class=\"S1D3D SC8 S2\" id=\"t2i_168\">hedging). The gross asset or liability </span><span class=\"S1D3E SC8 S2\" id=\"t2j_168\">carried is a taxable temporary </span><span class=\"S3B55 SC8 S2\" id=\"t2k_168\">difference. The change in deferred </span><span class=\"S3B56 SC8 S2\" id=\"t2l_168\">tax caused by the change in gross </span><span class=\"S3B57 SC8 S2\" id=\"t2m_168\">carrying amount is also recorded </span><span class=\"S3B58 SC8 S2\" id=\"t2n_168\">through other comprehensive income, </span><span class=\"S3B59 SC8 S2\" id=\"t2o_168\">and is therefore not included in the </span><span class=\"S3B5A SC8 S2\" id=\"t2p_168\">tax cost for the year in the income </span><span class=\"S3B5B SC8 S2\" id=\"t2q_168\">statement. When realised, the effect </span><span class=\"S1EB6 SC8 S2\" id=\"t2r_168\">is charged to bunker cost, which is </span><span class=\"S3B5C SC8 S2\" id=\"t2s_168\">included in other operating expenses. </span><span class=\"S3B5D SC7 S2\" id=\"t2t_168\">Interest rate swaps </span><span class=\"S3B5E SC8 S2\" id=\"t2u_168\">Hedge accounting is applied for </span><span class=\"S3B5F SC8 S2\" id=\"t2v_168\">interest rate swaps. Normally, the </span><span class=\"S1BFF SC8 S2\" id=\"t2w_168\">contracts expire later than one year. </span><span class=\"S3B60 SC8 S2\" id=\"t2x_168\">The fair value of interest rate swaps </span><span class=\"S1D4E SC8 S2\" id=\"t2y_168\">(gross before tax) is carried as a non- </span><span class=\"S3B61 SC8 S2\" id=\"t2z_168\">current asset under the accounting </span><span class=\"S1FB8 SC8 S2\" id=\"t30_168\">item for \u00abnon-current receivables\u00bb if </span><span class=\"S3B62 SC8 S2\" id=\"t31_168\">positive, and under the accounting </span><span class=\"S3B63 SC8 S2\" id=\"t32_168\">item for \u00abother long term liabilities\u00bb if </span><span class=\"S3B64 SC8 S2\" id=\"t33_168\">negative. If the agreement has a </span><span class=\"S1E32 SC8 S2\" id=\"t34_168\">remaining duration of less than one </span><span class=\"S3B65 SC8 S2\" id=\"t35_168\">year, the value is entered under </span><span class=\"S22FB SC8 S2\" id=\"t36_168\">\u00abother current receivables\u00bb if </span><span class=\"S3B66 SC8 S2\" id=\"t37_168\">positive, and under \u00abother short term </span><span class=\"S1CEB SC8 S2\" id=\"t38_168\">liabilities\u00bb if negative. The effective </span><span class=\"S3B67 SC8 S2\" id=\"t39_168\">share of the change in value of the </span><span class=\"S3B68 SC8 S2\" id=\"t3a_168\">interest rate swap is recorded </span><span class=\"S3B69 SC8 S2\" id=\"t3b_168\">through other comprehensive income </span><span class=\"S3B6A SC8 S2\" id=\"t3c_168\">(cash \ufb02ow hedging). The gross asset </span><span class=\"S1C0F SC8 S2\" id=\"t3d_168\">or liability carried is a taxable </span><span class=\"S1CF1 SC8 S2\" id=\"t3e_168\">temporary difference. The change in </span><span class=\"S3B6B SC8 S2\" id=\"t3f_168\">deferred tax caused by the change in </span><span class=\"S3B6C SC8 S2\" id=\"t3g_168\">gross carrying amount is also recorded </span><span class=\"S3B6D SC8 S2\" id=\"t3h_168\">through other comprehensive income, </span><span class=\"S3B6E SC8 S2\" id=\"t3i_168\">and is therefore not included in the </span><span class=\"S3B6F SC8 S2\" id=\"t3j_168\">tax cost for the year in the income </span><span class=\"S3B70 SC8 S2\" id=\"t3k_168\">statement. </span><span class=\"S3B71 S1C40 S2\" id=\"t3l_168\">At year-end, the Group had the </span><span class=\"S3B72 S1C40 S2\" id=\"t3m_168\">following interest rate swaps </span><span class=\"S3B73 S2197 S2\" id=\"t3n_168\">Agreement from 2020 </span><span class=\"S3B74 SC8 S2\" id=\"t3o_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B75 SC8 S2\" id=\"t3p_168\">Duration 7 years, Terminates 15 April </span><span class=\"S3B76 SC8 S2\" id=\"t3q_168\">2027, Interest rate 1.438%, in Ler\u00f8y </span><span class=\"S3B77 SC8 S2\" id=\"t3r_168\">Hav\ufb01sk AS. </span><span class=\"S3B78 S2197 S2\" id=\"t3s_168\">Agreement from 2020 </span><span class=\"S3B79 SC8 S2\" id=\"t3t_168\">NOK 323.438, Start 15 April 2020. </span><span class=\"S3B7A SC8 S2\" id=\"t3u_168\">Duration 7 years, Terminates </span><span class=\"S3B7B SC8 S2\" id=\"t3v_168\">15 April 2027, Interest rate 1.440%, </span><span class=\"S3B7C SC8 S2\" id=\"t3w_168\">in Ler\u00f8y Hav\ufb01sk AS. </span><span class=\"S2311 SC8 S2\" id=\"t3x_168\">Initial hedged amount on each of the </span><span class=\"S3B7D SC8 S2\" id=\"t3y_168\">two agreements in Ler\u00f8y Hav\ufb01sk AS </span><span class=\"S3B7E SC8 S2\" id=\"t3z_168\">was NOK 370,313. The amount on the </span><span class=\"S1C26 SC8 S2\" id=\"t40_168\">interest rate swap decreases during </span><span class=\"S3B7F SC8 S2\" id=\"t41_168\">the life time to re\ufb02ect the instalments </span><span class=\"S3B80 SC8 S2\" id=\"t42_168\">paid on the hedged debt. </span><span class=\"S3B81 SC8 S2\" id=\"t43_168\">The periodic interest payments </span><span class=\"S1C2B SC8 S2\" id=\"t44_168\">related to the hedging instrument </span><span class=\"S3B82 SC8 S2\" id=\"t45_168\">(interest rate swaps) are calculated </span><span class=\"S1D0B SC8 S2\" id=\"t46_168\">as the difference between \ufb01xed and </span><span class=\"S3B83 SC8 S2\" id=\"t47_168\">\ufb02oating interest rate multiplied with </span><span class=\"S1E53 SC8 S2\" id=\"t48_168\">the nominal value of the agreement. </span><span class=\"S3B84 SC8 S2\" id=\"t49_168\">The \ufb01xed rate, expectations about </span><span class=\"S1E54 SC8 S2\" id=\"t4a_168\">the future \ufb02oating rate, and the </span><span class=\"S3B85 SC8 S2\" id=\"t4b_168\">remaining life time to expiry, are the </span><span class=\"S20A8 SC8 S2\" id=\"t4c_168\">most important parameters in the </span><span class=\"S3B86 SC8 S2\" id=\"t4d_168\">calculation of the fair value. The </span><span class=\"S1C35 SC8 S2\" id=\"t4e_168\">periodic interest payments related to </span><span class=\"S3B87 SC8 S2\" id=\"t4f_168\">the hedged item (the long term </span><span class=\"S3B88 SC8 S2\" id=\"t4g_168\">loans) are calculated as the \ufb02oating </span><span class=\"S3B89 SC8 S2\" id=\"t4h_168\">rate plus margin multiplied with the </span><span class=\"S3B8A SC8 S2\" id=\"t4i_168\">nominal value of the loan. </span><span class=\"S3B8B SC4 S2\" id=\"t1_169\">Change in value on interest rate swaps </span><span class=\"S18F0 SC4 S2\" id=\"t2_169\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_169\">2021 </span><span class=\"S3B8C SC4 S2\" id=\"t4_169\">Nominal value on interest rate swap agreements </span><span class=\"S3B8D SC5 S2\" id=\"t5_169\">Nominal amount 01.01 </span><span class=\"S3B8E SC5 S2\" id=\"t6_169\">1 184 375 </span><span class=\"S3B8F SC5 S2\" id=\"t7_169\">1 721 875 </span><span class=\"S3B90 SC5 S2\" id=\"t8_169\">Agreements expired during the period </span><span class=\"S3B91 SC5 S2\" id=\"t9_169\">-500 000 </span><span class=\"S3B92 SC5 S2\" id=\"ta_169\">-500 000 </span><span class=\"S18FB SC5 S2\" id=\"tb_169\">Change in nominal value on existing agreements </span><span class=\"S3B93 SC5 S2\" id=\"tc_169\">-37 500 </span><span class=\"S3B94 SC5 S2\" id=\"td_169\">-37 500 </span><span class=\"S3B95 SC4 S2\" id=\"te_169\">Nominal amount 31.12 </span><span class=\"S3B96 SC4 S2\" id=\"tf_169\">646 875 </span><span class=\"S3B97 SC4 S2\" id=\"tg_169\">1 184 375 </span><span class=\"S3B98 SC4 S2\" id=\"th_169\">Book value 01.01 </span><span class=\"S3B99 SC5 S2\" id=\"ti_169\">Fair value of interest rate swaps at 01.01 </span><span class=\"S3B9A SC5 S2\" id=\"tj_169\">8 544 </span><span class=\"S3B9B SC5 S2\" id=\"tk_169\">-48 189 </span><span class=\"S3B9C SC5 S2\" id=\"tl_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3B9D SC5 S2\" id=\"tm_169\">-1 880 </span><span class=\"S3B9E SC5 S2\" id=\"tn_169\">10 602 </span><span class=\"S3B9F SC4 S2\" id=\"to_169\">Net value after tax 01.01 </span><span class=\"S3BA0 SC4 S2\" id=\"tp_169\">6 665 </span><span class=\"S3BA1 SC4 S2\" id=\"tq_169\">-37 588 </span><span class=\"S3BA2 SC5 S2\" id=\"tr_169\">Tax rate applied </span><span class=\"S3BA3 SC5 S2\" id=\"ts_169\">22 % </span><span class=\"S3BA4 SC5 S2\" id=\"tt_169\">22 % </span><span class=\"S3BA5 SC4 S2\" id=\"tu_169\">Change through other comprehensive income </span><span class=\"S3BA6 SC5 S2\" id=\"tv_169\">Change in fair value of interest rate swaps </span><span class=\"S3BA7 SC5 S2\" id=\"tw_169\">30 616 </span><span class=\"S3BA8 SC5 S2\" id=\"tx_169\">56 733 </span><span class=\"S3BA9 SC5 S2\" id=\"ty_169\">Change in related deferred tax </span><span class=\"S3BAA SC5 S2\" id=\"tz_169\">-6 735 </span><span class=\"S3BAB SC5 S2\" id=\"t10_169\">-12 481 </span><span class=\"S3BAC SC4 S2\" id=\"t11_169\">Net change in fair value through other comprehensive income (cash \ufb02ow hedging) </span><span class=\"S3BAD SC4 S2\" id=\"t12_169\">23 880 </span><span class=\"S3BAE SC4 S2\" id=\"t13_169\">44 252 </span><span class=\"S3BAF SC5 S2\" id=\"t14_169\">Tax rate applied </span><span class=\"S3BB0 SC5 S2\" id=\"t15_169\">22 % </span><span class=\"S3BB1 SC5 S2\" id=\"t16_169\">22 % </span><span class=\"S3BB2 SC4 S2\" id=\"t17_169\">Book value 31.12 </span><span class=\"S3BB3 SC5 S2\" id=\"t18_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BB4 SC5 S2\" id=\"t19_169\">39 160 </span><span class=\"S3BB5 SC5 S2\" id=\"t1a_169\">8 544 </span><span class=\"S3BB6 SC5 S2\" id=\"t1b_169\">Deferred tax asset related to interest rate swaps </span><span class=\"S3BB7 SC5 S2\" id=\"t1c_169\">-8 615 </span><span class=\"S3BB8 SC5 S2\" id=\"t1d_169\">-1 880 </span><span class=\"S3BB9 SC4 S2\" id=\"t1e_169\">Net value after tax 31.12 </span><span class=\"S3BBA SC4 S2\" id=\"t1f_169\">30 545 </span><span class=\"S3BBB SC4 S2\" id=\"t1g_169\">6 665 </span><span class=\"S3BBC SC5 S2\" id=\"t1h_169\">Tax rate applied </span><span class=\"S3BBD SC5 S2\" id=\"t1i_169\">22 % </span><span class=\"S3BBE SC5 S2\" id=\"t1j_169\">22 % </span><span class=\"S3BBF SC4 S2\" id=\"t1k_169\">Fair value of interest rate swaps at 31.12 consist of </span><span class=\"S3BC0 SC5 S2\" id=\"t1l_169\">Long term receivables </span><span class=\"S3BC1 SC5 S2\" id=\"t1m_169\">39 160 </span><span class=\"S3BC2 SC5 S2\" id=\"t1n_169\">9 121 </span><span class=\"S3BC3 SC5 S2\" id=\"t1o_169\">Short term liability </span><span class=\"S3BC4 SC5 S2\" id=\"t1p_169\">0 </span><span class=\"S3BC5 SC5 S2\" id=\"t1q_169\">-577 </span><span class=\"S3BC6 SC4 S2\" id=\"t1r_169\">Fair value of interest rate swaps at 31.12 </span><span class=\"S3BC7 SC4 S2\" id=\"t1s_169\">39 160 </span><span class=\"S3BC8 SC4 S2\" id=\"t1t_169\">8 544 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f18583": {
   "value": "<span class=\"S21BC SC7 S2\" id=\"t1_167\">Change in fair value on \ufb01nancial intruments included in receivables, debt, pro\ufb01t and loss and OCI </span><span class=\"S31D0 SC8 S2\" id=\"t2_167\">The table below presents the accounting of \ufb01nancial instruments included in receivables and debt. </span><span class=\"S22B2 SC8 S2\" id=\"t3_167\">The \ufb01nancial instruments are recognised at fair value. Depending on type of hedge, the change in fair value is booked </span><span class=\"S3A82 SC8 S2\" id=\"t4_167\">either through PL or OCI. </span><span class=\"S3A83 SC8 S2\" id=\"t5_167\">Each type of \ufb01nancial instruments is further explained below the table. </span><span class=\"S3A84 SC4 S2\" id=\"t6_167\">Changes in balance sheet values before tax </span><span class=\"S3A85 SC4 S2\" id=\"t7_167\">Fair value as </span><span class=\"S3A86 SC4 S2\" id=\"t8_167\">of 01.01.2022 </span><span class=\"S3A87 SC4 S2\" id=\"t9_167\">Fair value </span><span class=\"S3A88 SC4 S2\" id=\"ta_167\">through pro\ufb01t </span><span class=\"S3A89 SC4 S2\" id=\"tb_167\">or loss </span><span class=\"S3A8A SC4 S2\" id=\"tc_167\">Fair value </span><span class=\"S3A8B SC4 S2\" id=\"td_167\">through other </span><span class=\"S3A8C SC4 S2\" id=\"te_167\">comprehensive </span><span class=\"S3A8D SC4 S2\" id=\"tf_167\">income </span><span class=\"S3A8E SC4 S2\" id=\"tg_167\">Currency </span><span class=\"S3A8F SC4 S2\" id=\"th_167\">translation </span><span class=\"S3A90 SC4 S2\" id=\"ti_167\">differences </span><span class=\"S3A91 SC4 S2\" id=\"tj_167\">Fair value as </span><span class=\"S3A92 SC4 S2\" id=\"tk_167\">of </span><span class=\"S3A93 SC4 S2\" id=\"tl_167\">31.12.2022 </span><span class=\"S3A94 SC4 S2\" id=\"tm_167\">Financial instruments included in non-current receivables </span><span class=\"S3A95 SC5 S2\" id=\"tn_167\">Interest rate swap agreements </span><span class=\"S3A96 SC5 S2\" id=\"to_167\">9 121 </span><span class=\"S3A97 SC5 S2\" id=\"tp_167\">30 039 </span><span class=\"S3A98 SC5 S2\" id=\"tq_167\">39 160 </span><span class=\"S3A99 SC4 S2\" id=\"tr_167\">Total </span><span class=\"S3A9A SC4 S2\" id=\"ts_167\">9 121 </span><span class=\"S3A9B SC4 S2\" id=\"tt_167\">0 </span><span class=\"S3A9C SC4 S2\" id=\"tu_167\">30 039 </span><span class=\"S3A9D SC4 S2\" id=\"tv_167\">0 </span><span class=\"S3A9E SC4 S2\" id=\"tw_167\">39 160 </span><span class=\"S3A9F SC4 S2\" id=\"tx_167\">Financial instruments included in other current receivables </span><span class=\"S3AA0 SC5 S2\" id=\"ty_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3AA1 SC5 S2\" id=\"tz_167\">40 995 </span><span class=\"S3AA2 SC5 S2\" id=\"t10_167\">-37 056 </span><span class=\"S3AA3 SC5 S2\" id=\"t11_167\">3 939 </span><span class=\"S3AA4 SC5 S2\" id=\"t12_167\">Currency forward contracts - non-recognised hedge objects </span><span class=\"S3AA5 SC5 S2\" id=\"t13_167\">17 178 </span><span class=\"S3AA6 SC5 S2\" id=\"t14_167\">1 426 </span><span class=\"S3AA7 SC5 S2\" id=\"t15_167\">18 604 </span><span class=\"S3AA8 SC5 S2\" id=\"t16_167\">Bunker derivates </span><span class=\"S3AA9 SC5 S2\" id=\"t17_167\">1 497 </span><span class=\"S3AAA SC5 S2\" id=\"t18_167\">-1 497 </span><span class=\"S3AAB SC5 S2\" id=\"t19_167\">0 </span><span class=\"S3AAC SC5 S2\" id=\"t1a_167\">Fish Pool contracts </span><span class=\"S3AAD SC5 S2\" id=\"t1b_167\">1 836 </span><span class=\"S3AAE SC5 S2\" id=\"t1c_167\">-1 940 </span><span class=\"S3AAF SC5 S2\" id=\"t1d_167\">104 </span><span class=\"S3AB0 SC5 S2\" id=\"t1e_167\">0 </span><span class=\"S3AB1 SC4 S2\" id=\"t1f_167\">Total </span><span class=\"S3AB2 SC4 S2\" id=\"t1g_167\">61 506 </span><span class=\"S3AB3 SC4 S2\" id=\"t1h_167\">-35 630 </span><span class=\"S3AB4 SC4 S2\" id=\"t1i_167\">-3 437 </span><span class=\"S3AB5 SC4 S2\" id=\"t1j_167\">104 </span><span class=\"S3AB6 SC4 S2\" id=\"t1k_167\">22 544 </span><span class=\"S3AB7 SC4 S2\" id=\"t1l_167\">Financial instruments included in other short-term liabilities </span><span class=\"S3AB8 SC5 S2\" id=\"t1m_167\">Interest rate swap agreements </span><span class=\"S3AB9 SC5 S2\" id=\"t1n_167\">-577 </span><span class=\"S3ABA SC5 S2\" id=\"t1o_167\">577 </span><span class=\"S3ABB SC5 S2\" id=\"t1p_167\">0 </span><span class=\"S3ABC SC5 S2\" id=\"t1q_167\">Currency forward contracts - recognised hedge objects </span><span class=\"S3ABD SC5 S2\" id=\"t1r_167\">0 </span><span class=\"S3ABE SC5 S2\" id=\"t1s_167\">-5 812 </span><span class=\"S3ABF SC5 S2\" id=\"t1t_167\">-5 812 </span><span class=\"S3AC0 SC5 S2\" id=\"t1u_167\">Bunker derivates </span><span class=\"S3AC1 SC5 S2\" id=\"t1v_167\">0 </span><span class=\"S3AC2 SC5 S2\" id=\"t1w_167\">0 </span><span class=\"S3AC3 SC5 S2\" id=\"t1x_167\">0 </span><span class=\"S3AC4 SC5 S2\" id=\"t1y_167\">Fish Pool contracts </span><span class=\"S3AC5 SC5 S2\" id=\"t1z_167\">0 </span><span class=\"S3AC6 SC5 S2\" id=\"t20_167\">0 </span><span class=\"S3AC7 SC5 S2\" id=\"t21_167\">0 </span><span class=\"S3AC8 SC4 S2\" id=\"t22_167\">Total </span><span class=\"S3AC9 SC4 S2\" id=\"t23_167\">-577 </span><span class=\"S3ACA SC4 S2\" id=\"t24_167\">0 </span><span class=\"S3ACB SC4 S2\" id=\"t25_167\">-5 235 </span><span class=\"S3ACC SC4 S2\" id=\"t26_167\">0 </span><span class=\"S3ACD SC4 S2\" id=\"t27_167\">-5 812 </span><span class=\"S3ACE SC4 S2\" id=\"t28_167\">Net value before tax </span><span class=\"S3ACF SC4 S2\" id=\"t29_167\">70 051 </span><span class=\"S3AD0 SC4 S2\" id=\"t2a_167\">-35 630 </span><span class=\"S3AD1 SC4 S2\" id=\"t2b_167\">21 367 </span><span class=\"S3AD2 SC4 S2\" id=\"t2c_167\">104 </span><span class=\"S3AD3 SC4 S2\" id=\"t2d_167\">55 892 </span><span class=\"S3AD4 SAF1 S2\" id=\"t2e_167\">* Non-recognised hedge objects consist of binding sales contracts that are hedged (value hedges). Change in fair value on hedged risk in the </span><span class=\"S3AD5 SAF1 S2\" id=\"t2f_167\">hedged period is recognised through pro\ufb01t or loss. The change in fair value on the hedging instrument will have its opposite equal value as </span><span class=\"S3AD6 SAF1 S2\" id=\"t2g_167\">a short term receivable or as other short term debt, depending on positive or negative value on the instrument. Information on this will be </span><span class=\"S3AD7 SAF1 S2\" id=\"t2h_167\">included in either the note on receivables or other short-term debt, depending on positive or negative value in the instrument. </span><span class=\"S3AD8 SC4 S2\" id=\"t2i_167\">Changes in balance sheet values, net after tax </span><span class=\"S3AD9 SC4 S2\" id=\"t2j_167\">Fair value as </span><span class=\"S3ADA SC4 S2\" id=\"t2k_167\">of 01.01.2022 </span><span class=\"S3ADB SC4 S2\" id=\"t2l_167\">Fair value </span><span class=\"S3ADC SC4 S2\" id=\"t2m_167\">through pro\ufb01t </span><span class=\"S3ADD SC4 S2\" id=\"t2n_167\">or loss </span><span class=\"S3ADE SC4 S2\" id=\"t2o_167\">Fair value </span><span class=\"S3ADF SC4 S2\" id=\"t2p_167\">through other </span><span class=\"S3AE0 SC4 S2\" id=\"t2q_167\">comprehensive </span><span class=\"S3AE1 SC4 S2\" id=\"t2r_167\">income </span><span class=\"S3AE2 SC4 S2\" id=\"t2s_167\">Currency </span><span class=\"S3AE3 SC4 S2\" id=\"t2t_167\">translation </span><span class=\"S3AE4 SC4 S2\" id=\"t2u_167\">differences </span><span class=\"S3AE5 SC4 S2\" id=\"t2v_167\">Fair value as </span><span class=\"S3AE6 SC4 S2\" id=\"t2w_167\">of </span><span class=\"S3AE7 SC4 S2\" id=\"t2x_167\">31.12.2022 </span><span class=\"S3AE8 SC4 S2\" id=\"t2y_167\">Net value before tax </span><span class=\"S3AE9 SC4 S2\" id=\"t2z_167\">70 051 </span><span class=\"S3AEA SC4 S2\" id=\"t30_167\">-35 630 </span><span class=\"S3AEB SC4 S2\" id=\"t31_167\">21 367 </span><span class=\"S3AEC SC4 S2\" id=\"t32_167\">104 </span><span class=\"S3AED SC4 S2\" id=\"t33_167\">55 892 </span><span class=\"S3AEE SC4 S2\" id=\"t34_167\">Deferred tax asset (-) / liability (+), \ufb01nancial instruments </span><span class=\"S3AEF SC4 S2\" id=\"t35_167\">-15 270 </span><span class=\"S3AF0 SC4 S2\" id=\"t36_167\">7 839 </span><span class=\"S3AF1 SC4 S2\" id=\"t37_167\">-5 243 </span><span class=\"S3AF2 SC4 S2\" id=\"t38_167\">-28 </span><span class=\"S3AF3 SC4 S2\" id=\"t39_167\">-12 703 </span><span class=\"S3AF4 SC4 S2\" id=\"t3a_167\">Net value after tax </span><span class=\"S3AF5 SC4 S2\" id=\"t3b_167\">54 781 </span><span class=\"S3AF6 SC4 S2\" id=\"t3c_167\">-27 791 </span><span class=\"S3AF7 SC4 S2\" id=\"t3d_167\">16 124 </span><span class=\"S3AF8 SC4 S2\" id=\"t3e_167\">76 </span><span class=\"S3AF9 SC4 S2\" id=\"t3f_167\">43 189 </span><span class=\"S3AFA SC4 S2\" id=\"t3g_167\">Changes through OCI </span><span class=\"S3AFB SC4 S2\" id=\"t3h_167\">after tax, per type of instrument </span><span class=\"S3AFC SC4 S2\" id=\"t3i_167\">2022 </span><span class=\"S3AFD SC4 S2\" id=\"t3j_167\">2021 </span><span class=\"S3AFE SC5 S2\" id=\"t3k_167\">Changes interest rate swap agreements </span><span class=\"S3AFF SC5 S2\" id=\"t3l_167\">23 880 </span><span class=\"S3B00 SC5 S2\" id=\"t3m_167\">44 252 </span><span class=\"S3B01 SC5 S2\" id=\"t3n_167\">Changes currency forward contracts </span><span class=\"S3B02 SC5 S2\" id=\"t3o_167\">-4 940 </span><span class=\"S3B03 SC5 S2\" id=\"t3p_167\">0 </span><span class=\"S3B04 SC5 S2\" id=\"t3q_167\">Changes bunker derivatives </span><span class=\"S3B05 SC5 S2\" id=\"t3r_167\">-1 167 </span><span class=\"S3B06 SC5 S2\" id=\"t3s_167\">13 098 </span><span class=\"S3B07 SC5 S2\" id=\"t3t_167\">Changes Fish Pool contracts </span><span class=\"S3B08 SC5 S2\" id=\"t3u_167\">-1 649 </span><span class=\"S3B09 SC5 S2\" id=\"t3v_167\">5 408 </span><span class=\"S3B0A SC4 S2\" id=\"t3w_167\">Total (ref. Statement of comprehensive income) </span><span class=\"S3B0B SC4 S2\" id=\"t3x_167\">16 124 </span><span class=\"S3B0C SC4 S2\" id=\"t3y_167\">62 758 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f19437": {
   "value": "<span class=\"S3D4B SC7 S2\" id=\"t1_173\">Bond loans </span><span class=\"S3D4C SC8 S2\" id=\"t2_173\">The Group established 3 bond loans, </span><span class=\"S2053 SC8 S2\" id=\"t3_173\">each amounting to NOK 500 million, </span><span class=\"S3D4D SC8 S2\" id=\"t4_173\">in the bond market 17 September </span><span class=\"S1C44 SC8 S2\" id=\"t5_173\">2021. The bonds are so called green </span><span class=\"S3D4E SC8 S2\" id=\"t6_173\">bonds. This implies that the group </span><span class=\"S2056 SC8 S2\" id=\"t7_173\">have established a green \ufb01nancing </span><span class=\"S3D4F SC8 S2\" id=\"t8_173\">framework which covers how the </span><span class=\"S21C2 SC8 S2\" id=\"t9_173\">proceeds from the bond loans can be </span><span class=\"S3D50 SC8 S2\" id=\"ta_173\">used. The framework is published on </span><span class=\"S3D51 SC8 S2\" id=\"tb_173\">the Group`s homepage on internet. </span><span class=\"S3D52 SC8 S2\" id=\"tc_173\">At year end the Group has qualifying </span><span class=\"S3D53 SC8 S2\" id=\"td_173\">green investments that are signi\ufb01cantly </span><span class=\"S23AE SC8 S2\" id=\"te_173\">higher than the proceeds from the </span><span class=\"S3D54 SC8 S2\" id=\"tf_173\">loan. Thus, the Group has already </span><span class=\"S23B0 SC8 S2\" id=\"tg_173\">ful\ufb01lled it`s obligations concerning </span><span class=\"S3D55 SC8 S2\" id=\"th_173\">type of investments. </span><span class=\"S3D56 SC8 S2\" id=\"ti_173\">All three bond loans have no </span><span class=\"S3D57 SC8 S2\" id=\"tj_173\">instalments during the duration of </span><span class=\"S2141 SC8 S2\" id=\"tk_173\">the loan. The loans have a duration </span><span class=\"S2142 SC8 S2\" id=\"tl_173\">of 5, 6 and 10 years. The loans with </span><span class=\"S3D58 SC8 S2\" id=\"tm_173\">duration of 5 and 6 years have </span><span class=\"S22A4 SC8 S2\" id=\"tn_173\">\ufb02oating interest rate, with 4 termins </span><span class=\"S21E3 SC8 S2\" id=\"to_173\">each year. The loan with a duration </span><span class=\"S3D59 SC8 S2\" id=\"tp_173\">of 10 years, has a \ufb01xed interest rate, </span><span class=\"S3D5A SC8 S2\" id=\"tq_173\">with one annual termin. The bond </span><span class=\"S22A8 SC8 S2\" id=\"tr_173\">loans are measured at amortized </span><span class=\"S3D5B SC8 S2\" id=\"ts_173\">cost. The bond loans are unsecured. </span><span class=\"S3D5C SC8 S2\" id=\"tt_173\">Fair value is approximately the same </span><span class=\"S3D5D SC8 S2\" id=\"tu_173\">as net book value as of 31.12. </span><span class=\"S3D5E SC4 S2\" id=\"tv_173\">Value as of 31.12.2021 </span><span class=\"S3D5F SC4 S2\" id=\"tw_173\">Value as of 31.12.2022 </span><span class=\"S3D60 SC4 S2\" id=\"tx_173\">Speci\ufb01cation </span><span class=\"S3D61 SC4 S2\" id=\"ty_173\">Nominal </span><span class=\"S3D62 SC4 S2\" id=\"tz_173\">value </span><span class=\"S3D63 SC4 S2\" id=\"t10_173\">Drawing </span><span class=\"S3D64 SC4 S2\" id=\"t11_173\">costs </span><span class=\"S3D65 SC4 S2\" id=\"t12_173\">Net book </span><span class=\"S3D66 SC4 S2\" id=\"t13_173\">value </span><span class=\"S3D67 SC4 S2\" id=\"t14_173\">Amortizing </span><span class=\"S3D68 SC4 S2\" id=\"t15_173\">effect of </span><span class=\"S3D69 SC4 S2\" id=\"t16_173\">the period </span><span class=\"S3D6A SC4 S2\" id=\"t17_173\">Nominal </span><span class=\"S3D6B SC4 S2\" id=\"t18_173\">value </span><span class=\"S3D6C SC4 S2\" id=\"t19_173\">Unamortized </span><span class=\"S3D6D SC4 S2\" id=\"t1a_173\">drawing costs </span><span class=\"S3D6E SC4 S2\" id=\"t1b_173\">Net book </span><span class=\"S3D6F SC4 S2\" id=\"t1c_173\">value </span><span class=\"S3D70 SC5 S2\" id=\"t1d_173\">Bond loan 1, NOK 500 mill, duration 5 years, </span><span class=\"S3D71 SC5 S2\" id=\"t1e_173\">\ufb02oating interest </span><span class=\"S3D72 SC5 S2\" id=\"t1f_173\">500 000 </span><span class=\"S3D73 SC5 S2\" id=\"t1g_173\">-2 494 </span><span class=\"S3D74 SC5 S2\" id=\"t1h_173\">497 506 </span><span class=\"S3D75 SC5 S2\" id=\"t1i_173\">525 </span><span class=\"S3D76 SC5 S2\" id=\"t1j_173\">500 000 </span><span class=\"S3D77 SC5 S2\" id=\"t1k_173\">-1 969 </span><span class=\"S3D78 SC5 S2\" id=\"t1l_173\">498 031 </span><span class=\"S3D79 SC5 S2\" id=\"t1m_173\">Bond loan 2, NOK 500 mill, duration 6 years, </span><span class=\"S3D7A SC5 S2\" id=\"t1n_173\">\ufb02oating interest </span><span class=\"S3D7B SC5 S2\" id=\"t1o_173\">500 000 </span><span class=\"S3D7C SC5 S2\" id=\"t1p_173\">-2 516 </span><span class=\"S3D7D SC5 S2\" id=\"t1q_173\">497 484 </span><span class=\"S3D7E SC5 S2\" id=\"t1r_173\">438 </span><span class=\"S3D7F SC5 S2\" id=\"t1s_173\">500 000 </span><span class=\"S3D80 SC5 S2\" id=\"t1t_173\">-2 078 </span><span class=\"S3D81 SC5 S2\" id=\"t1u_173\">497 922 </span><span class=\"S3D82 SC5 S2\" id=\"t1v_173\">Bond loan 3, NOK 500 mill, duration </span><span class=\"S3D83 SC5 S2\" id=\"t1w_173\">10 years, \ufb01xed interest rate 3,35% </span><span class=\"S3D84 SC5 S2\" id=\"t1x_173\">500 000 </span><span class=\"S3D85 SC5 S2\" id=\"t1y_173\">-2 559 </span><span class=\"S3D86 SC5 S2\" id=\"t1z_173\">497 441 </span><span class=\"S3D87 SC5 S2\" id=\"t20_173\">262 </span><span class=\"S3D88 SC5 S2\" id=\"t21_173\">500 000 </span><span class=\"S3D89 SC5 S2\" id=\"t22_173\">-2 297 </span><span class=\"S3D8A SC5 S2\" id=\"t23_173\">497 703 </span><span class=\"S3C86 SC4 S2\" id=\"t24_173\">Total </span><span class=\"S3D8B SC4 S2\" id=\"t25_173\">1 500 000 </span><span class=\"S3D8C SC4 S2\" id=\"t26_173\">-7 569 </span><span class=\"S3D8D SC4 S2\" id=\"t27_173\">1 492 431 </span><span class=\"S3D8E SC4 S2\" id=\"t28_173\">1 225 </span><span class=\"S3D8F SC4 S2\" id=\"t29_173\">1 500 000 </span><span class=\"S3D90 SC4 S2\" id=\"t2a_173\">-6 344 </span><span class=\"S3D91 SC4 S2\" id=\"t2b_173\">1 493 656 </span><span class=\"S3D92 SC4 S2\" id=\"t2c_173\">Interests expensed, including amortizing effect </span><span class=\"S3D93 SC4 S2\" id=\"t2d_173\">2021 </span><span class=\"S3D94 SC4 S2\" id=\"t2e_173\">2022 </span><span class=\"S3D95 SC5 S2\" id=\"t2f_173\">Interests paid </span><span class=\"S3D96 SC5 S2\" id=\"t2g_173\">3 981 </span><span class=\"S3D97 SC5 S2\" id=\"t2h_173\">43 795 </span><span class=\"S3D98 SC5 S2\" id=\"t2i_173\">Interests accrued </span><span class=\"S3D99 SC5 S2\" id=\"t2j_173\">5 558 </span><span class=\"S3D9A SC5 S2\" id=\"t2k_173\">832 </span><span class=\"S3D9B SC5 S2\" id=\"t2l_173\">Amortizing effect </span><span class=\"S3D9C SC5 S2\" id=\"t2m_173\">306 </span><span class=\"S3D9D SC5 S2\" id=\"t2n_173\">1 225 </span><span class=\"S3D9E SC4 S2\" id=\"t2o_173\">Total </span><span class=\"S3D9F SC4 S2\" id=\"t2p_173\">9 846 </span><span class=\"S3DA0 SC4 S2\" id=\"t2q_173\">45 851 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f19549": {
   "value": "<span class=\"S3DA2 SC7 S2\" id=\"t1_174\">Payment pro\ufb01le \ufb01nancial liabilities and interest risk etc. </span><span class=\"S3DA3 SC4 S2\" id=\"t2_174\">Payment pro\ufb01le \ufb01nancial liabilities </span><span class=\"S3DA4 SC4 S2\" id=\"t3_174\">2023 </span><span class=\"S3DA5 SC4 S2\" id=\"t4_174\">2024 </span><span class=\"S3DA6 SC4 S2\" id=\"t5_174\">2025 </span><span class=\"S3DA7 SC4 S2\" id=\"t6_174\">2026 </span><span class=\"S3DA8 SC4 S2\" id=\"t7_174\">2027 </span><span class=\"S3DA9 SC4 S2\" id=\"t8_174\">Later </span><span class=\"S3DAA SC4 S2\" id=\"t9_174\">Total </span><span class=\"S28C8 SC4 S2\" id=\"ta_174\">Instalment pro\ufb01le long-term debt </span><span class=\"S3DAB SC5 S2\" id=\"tb_174\">Instalments on bond loans </span><span class=\"S3DAC SC5 S2\" id=\"tc_174\">0 </span><span class=\"S3DAD SC5 S2\" id=\"td_174\">0 </span><span class=\"S3DAE SC5 S2\" id=\"te_174\">0 </span><span class=\"S3DAF SC5 S2\" id=\"tf_174\">500 000 </span><span class=\"S3DB0 SC5 S2\" id=\"tg_174\">500 000 </span><span class=\"S3DB1 SC5 S2\" id=\"th_174\">500 000 </span><span class=\"S3DB2 SC4 S2\" id=\"ti_174\">1 500 000 </span><span class=\"S3DB3 SC5 S2\" id=\"tj_174\">Instalments on loans from credit institutions </span><span class=\"S3DB4 SC5 S2\" id=\"tk_174\">395 591 </span><span class=\"S3DB5 SC5 S2\" id=\"tl_174\">332 287 </span><span class=\"S3DB6 SC5 S2\" id=\"tm_174\">859 120 </span><span class=\"S3DB7 SC5 S2\" id=\"tn_174\">284 167 </span><span class=\"S3DB8 SC5 S2\" id=\"to_174\">538 578 </span><span class=\"S3DB9 SC5 S2\" id=\"tp_174\">1 426 921 </span><span class=\"S3DBA SC4 S2\" id=\"tq_174\">3 836 664 </span><span class=\"S3DBB SC5 S2\" id=\"tr_174\">Instalments on leasing debt to credit institutions </span><span class=\"S3DBC SC5 S2\" id=\"ts_174\">332 514 </span><span class=\"S3DBD SC5 S2\" id=\"tt_174\">202 186 </span><span class=\"S3DBE SC5 S2\" id=\"tu_174\">162 410 </span><span class=\"S3DBF SC5 S2\" id=\"tv_174\">152 858 </span><span class=\"S3DC0 SC5 S2\" id=\"tw_174\">126 356 </span><span class=\"S3DC1 SC5 S2\" id=\"tx_174\">237 391 </span><span class=\"S3DC2 SC4 S2\" id=\"ty_174\">1 213 715 </span><span class=\"S3DC3 SC5 S2\" id=\"tz_174\">Instalments on other long-term interest-bearing debt </span><span class=\"S3DC4 SC5 S2\" id=\"t10_174\">1 486 </span><span class=\"S3DC5 SC5 S2\" id=\"t11_174\">257 </span><span class=\"S3DC6 SC5 S2\" id=\"t12_174\">263 </span><span class=\"S3DC7 SC5 S2\" id=\"t13_174\">139 </span><span class=\"S3DC8 SC5 S2\" id=\"t14_174\">0 </span><span class=\"S3DC9 SC4 S2\" id=\"t15_174\">2 144 </span><span class=\"S3DCA SC4 S2\" id=\"t16_174\">Total instalments on long-term interest-bearing debt </span><span class=\"S3DCB SC4 S2\" id=\"t17_174\">729 591 </span><span class=\"S3DCC SC4 S2\" id=\"t18_174\">534 729 </span><span class=\"S3DCD SC4 S2\" id=\"t19_174\">1 021 793 </span><span class=\"S3DCE SC4 S2\" id=\"t1a_174\">937 164 </span><span class=\"S3DCF SC4 S2\" id=\"t1b_174\">1 164 935 </span><span class=\"S3DD0 SC4 S2\" id=\"t1c_174\">2 164 312 </span><span class=\"S3DD1 SC4 S2\" id=\"t1d_174\">6 552 523 </span><span class=\"S3DD2 SC4 S2\" id=\"t1e_174\">Instalment pro\ufb01le on other long term liabilities </span><span class=\"S3DD3 SC5 S2\" id=\"t1f_174\">Instalments on lease liabilities to others than </span><span class=\"S3DD4 SC5 S2\" id=\"t1g_174\">credit institutions </span><span class=\"S3DD5 SC5 S2\" id=\"t1h_174\">269 614 </span><span class=\"S3DD6 SC5 S2\" id=\"t1i_174\">217 651 </span><span class=\"S3DD7 SC5 S2\" id=\"t1j_174\">211 173 </span><span class=\"S3DD8 SC5 S2\" id=\"t1k_174\">190 652 </span><span class=\"S3DD9 SC5 S2\" id=\"t1l_174\">189 512 </span><span class=\"S3DDA SC5 S2\" id=\"t1m_174\">463 917 </span><span class=\"S3DDB SC4 S2\" id=\"t1n_174\">1 542 520 </span><span class=\"S3DDC SC5 S2\" id=\"t1o_174\">Instalments on other long-term non-interest bearing debt </span><span class=\"S3DDD SC5 S2\" id=\"t1p_174\">0 </span><span class=\"S3DDE SC5 S2\" id=\"t1q_174\">0 </span><span class=\"S3DDF SC5 S2\" id=\"t1r_174\">5 678 </span><span class=\"S3DE0 SC5 S2\" id=\"t1s_174\">0 </span><span class=\"S3DE1 SC4 S2\" id=\"t1t_174\">5 678 </span><span class=\"S3DE2 SC4 S2\" id=\"t1u_174\">Total instalments on long-term non-interest-bearing debt </span><span class=\"S3DE3 SC4 S2\" id=\"t1v_174\">269 614 </span><span class=\"S3DE4 SC4 S2\" id=\"t1w_174\">217 651 </span><span class=\"S3DE5 SC4 S2\" id=\"t1x_174\">211 173 </span><span class=\"S3DE6 SC4 S2\" id=\"t1y_174\">196 330 </span><span class=\"S3DE7 SC4 S2\" id=\"t1z_174\">189 512 </span><span class=\"S3DE8 SC4 S2\" id=\"t20_174\">463 917 </span><span class=\"S3DE9 SC4 S2\" id=\"t21_174\">1 548 198 </span><span class=\"S3DEA SC4 S2\" id=\"t22_174\">Interest payment pro\ufb01le long-term debt </span><span class=\"S3DEB SC5 S2\" id=\"t23_174\">Interest on bond loans </span><span class=\"S3DEC SC5 S2\" id=\"t24_174\">61 522 </span><span class=\"S3DED SC5 S2\" id=\"t25_174\">61 641 </span><span class=\"S3DEE SC5 S2\" id=\"t26_174\">61 522 </span><span class=\"S3DEF SC5 S2\" id=\"t27_174\">55 236 </span><span class=\"S3DF0 SC5 S2\" id=\"t28_174\">33 121 </span><span class=\"S3DF1 SC5 S2\" id=\"t29_174\">63 332 </span><span class=\"S3DF2 SC4 S2\" id=\"t2a_174\">336 374 </span><span class=\"S3DF3 SC5 S2\" id=\"t2b_174\">Interest on loans from credit institutions </span><span class=\"S3DF4 SC5 S2\" id=\"t2c_174\">116 437 </span><span class=\"S3DF5 SC5 S2\" id=\"t2d_174\">104 307 </span><span class=\"S3DF6 SC5 S2\" id=\"t2e_174\">84 062 </span><span class=\"S3DF7 SC5 S2\" id=\"t2f_174\">64 663 </span><span class=\"S3DF8 SC5 S2\" id=\"t2g_174\">50 896 </span><span class=\"S3DF9 SC5 S2\" id=\"t2h_174\">60 352 </span><span class=\"S3DFA SC4 S2\" id=\"t2i_174\">480 717 </span><span class=\"S3DFB SC5 S2\" id=\"t2j_174\">Interest on leasing debt to credit institutions </span><span class=\"S3DFC SC5 S2\" id=\"t2k_174\">33 754 </span><span class=\"S3DFD SC5 S2\" id=\"t2l_174\">25 138 </span><span class=\"S3DFE SC5 S2\" id=\"t2m_174\">19 264 </span><span class=\"S3DFF SC5 S2\" id=\"t2n_174\">14 184 </span><span class=\"S3E00 SC5 S2\" id=\"t2o_174\">9 686 </span><span class=\"S3E01 SC5 S2\" id=\"t2p_174\">12 780 </span><span class=\"S3E02 SC4 S2\" id=\"t2q_174\">114 806 </span><span class=\"S3E03 SC5 S2\" id=\"t2r_174\">Interest on lease liabilities to others than </span><span class=\"S3E04 SC5 S2\" id=\"t2s_174\">credit institutions </span><span class=\"S3E05 SC5 S2\" id=\"t2t_174\">56 309 </span><span class=\"S3E06 SC5 S2\" id=\"t2u_174\">46 564 </span><span class=\"S3E07 SC5 S2\" id=\"t2v_174\">37 987 </span><span class=\"S3E08 SC5 S2\" id=\"t2w_174\">29 950 </span><span class=\"S3E09 SC5 S2\" id=\"t2x_174\">22 347 </span><span class=\"S3E0A SC5 S2\" id=\"t2y_174\">61 249 </span><span class=\"S3E0B SC4 S2\" id=\"t2z_174\">254 406 </span><span class=\"S3D26 SC5 S2\" id=\"t30_174\">Interest on other long-term interest-bearing debt </span><span class=\"S3E0C SC5 S2\" id=\"t31_174\">56 </span><span class=\"S3E0D SC5 S2\" id=\"t32_174\">21 </span><span class=\"S3E0E SC5 S2\" id=\"t33_174\">11 </span><span class=\"S3E0F SC5 S2\" id=\"t34_174\">3 </span><span class=\"S3E10 SC5 S2\" id=\"t35_174\">0 </span><span class=\"S3E11 SC4 S2\" id=\"t36_174\">91 </span><span class=\"S3E12 SC4 S2\" id=\"t37_174\">Total </span><span class=\"S3E13 SC4 S2\" id=\"t38_174\">268 078 </span><span class=\"S3E14 SC4 S2\" id=\"t39_174\">237 671 </span><span class=\"S3E15 SC4 S2\" id=\"t3a_174\">202 846 </span><span class=\"S3E16 SC4 S2\" id=\"t3b_174\">164 036 </span><span class=\"S3E17 SC4 S2\" id=\"t3c_174\">116 050 </span><span class=\"S3E18 SC4 S2\" id=\"t3d_174\">197 713 </span><span class=\"S3E19 SC4 S2\" id=\"t3e_174\">1 186 394 </span><span class=\"S3E1A SAF1 S2\" id=\"t3f_174\">* The impact from interest swap contracts is included in the amounts. </span><span class=\"S5A SC4 S2\" id=\"t3g_174\">Other short-term \ufb01nancial liabilities </span><span class=\"S3E1B SC5 S2\" id=\"t3h_174\">Overdraft (interest bearing debt) </span><span class=\"S3E1C SC5 S2\" id=\"t3i_174\">1 064 097 </span><span class=\"S3E1D SC4 S2\" id=\"t3j_174\">1 064 097 </span><span class=\"S3E1E SC5 S2\" id=\"t3k_174\">Other short term credits and loans (interest bearing debt) </span><span class=\"S3E1F SC5 S2\" id=\"t3l_174\">40 683 </span><span class=\"S3E20 SC4 S2\" id=\"t3m_174\">40 683 </span><span class=\"S3E21 SC5 S2\" id=\"t3n_174\">Accrued interests </span><span class=\"S3E22 SC5 S2\" id=\"t3o_174\">28 443 </span><span class=\"S3E23 SC4 S2\" id=\"t3p_174\">28 443 </span><span class=\"S3E24 SC5 S2\" id=\"t3q_174\">Trade payables </span><span class=\"S3E25 SC5 S2\" id=\"t3r_174\">2 076 939 </span><span class=\"S3E26 SC4 S2\" id=\"t3s_174\">2 076 939 </span><span class=\"S3E27 SC5 S2\" id=\"t3t_174\">Other short-term liabilities, excl. tax payable and </span><span class=\"S3E28 SC5 S2\" id=\"t3u_174\">public duties payable </span><span class=\"S3E29 SC5 S2\" id=\"t3v_174\">860 374 </span><span class=\"S3E2A SC4 S2\" id=\"t3w_174\">860 374 </span><span class=\"S3E2B SC4 S2\" id=\"t3x_174\">Total </span><span class=\"S3E2C SC4 S2\" id=\"t3y_174\">4 070 536 </span><span class=\"S3E2D SC4 S2\" id=\"t3z_174\">0 </span><span class=\"S3E2E SC4 S2\" id=\"t40_174\">0 </span><span class=\"S3E2F SC4 S2\" id=\"t41_174\">0 </span><span class=\"S3E30 SC4 S2\" id=\"t42_174\">0 </span><span class=\"S3E31 SC4 S2\" id=\"t43_174\">0 </span><span class=\"S3E32 SC4 S2\" id=\"t44_174\">4 070 536 </span><span class=\"S3D48 SC4 S2\" id=\"t45_174\">Grand total </span><span class=\"S3E33 SC4 S2\" id=\"t46_174\">5 337 820 </span><span class=\"S3E34 SC4 S2\" id=\"t47_174\">990 052 </span><span class=\"S3E35 SC4 S2\" id=\"t48_174\">1 435 812 </span><span class=\"S3E36 SC4 S2\" id=\"t49_174\">1 297 530 </span><span class=\"S3E37 SC4 S2\" id=\"t4a_174\">1 470 496 </span><span class=\"S3E38 SC4 S2\" id=\"t4b_174\">2 825 942 </span><span class=\"S3E39 SC4 S2\" id=\"t4c_174\">13 357 651 </span><span class=\"S3E3A SC5 S2\" id=\"t4d_174\">The Group\u2019s \ufb01nancial liabilities are classi\ufb01ed according to payment pro\ufb01le. Classi\ufb01cation is based on contractually agreed date of maturity. </span><span class=\"S3E3B SC5 S2\" id=\"t4e_174\">The \ufb01nancial liability from the interest rate swap de\ufb01ned as cash \ufb02ow hedge is included in the estimated interest costs on the hedged item. </span><span class=\"S3E3C SC4 S2\" id=\"t4f_174\">Liquidity reserve as of 31.12 </span><span class=\"S3E3D SC4 S2\" id=\"t4g_174\">2022 </span><span class=\"S3E3E SC4 S2\" id=\"t4h_174\">2021 </span><span class=\"S3E3F SC5 S2\" id=\"t4i_174\">Bank deposits </span><span class=\"S3E40 SC5 S2\" id=\"t4j_174\">3 304 878 </span><span class=\"S3E41 SC5 S2\" id=\"t4k_174\">4 203 146 </span><span class=\"S3E42 SC5 S2\" id=\"t4l_174\">Unutilized drawing facilities </span><span class=\"S3E43 SC5 S2\" id=\"t4m_174\">2 875 225 </span><span class=\"S3E44 SC5 S2\" id=\"t4n_174\">3 581 100 </span><span class=\"S3E45 SC4 S2\" id=\"t4o_174\">Total </span><span class=\"S3E46 SC4 S2\" id=\"t4p_174\">6 180 103 </span><span class=\"S3E47 SC4 S2\" id=\"t4q_174\">7 784 246 </span><span class=\"S3E49 SC4 S2\" id=\"t1_175\">Payment pro\ufb01le interest-bearing debt </span><span class=\"S3E4A SC4 S2\" id=\"t2_175\">2022 </span><span class=\"S3E4B SC4 S2\" id=\"t3_175\">2023 </span><span class=\"S3E4C SC4 S2\" id=\"t4_175\">2024 </span><span class=\"S3E4D SC4 S2\" id=\"t5_175\">2025 </span><span class=\"S3E4E SC4 S2\" id=\"t6_175\">2026 </span><span class=\"S3E4F SC4 S2\" id=\"t7_175\">2027 </span><span class=\"S3E50 SC4 S2\" id=\"t8_175\">Later </span><span class=\"S3E51 SC5 S2\" id=\"t9_175\">Interest-bearing debt 01.01 </span><span class=\"S3E52 SC5 S2\" id=\"ta_175\">7 650 </span><span class=\"S3E53 SC5 S2\" id=\"tb_175\">960 </span><span class=\"S3E54 SC5 S2\" id=\"tc_175\">5 816 589 </span><span class=\"S3E55 SC5 S2\" id=\"td_175\">5 281 860 </span><span class=\"S3E56 SC5 S2\" id=\"te_175\">4 260 067 </span><span class=\"S3E57 SC5 S2\" id=\"tf_175\">3 322 903 </span><span class=\"S3E58 SC5 S2\" id=\"tg_175\">2 157 968 </span><span class=\"S3E59 SC5 S2\" id=\"th_175\">Instalments on long term interest bearing debt </span><span class=\"S3E5A SC5 S2\" id=\"ti_175\">-729 591 </span><span class=\"S3E5B SC5 S2\" id=\"tj_175\">-534 729 </span><span class=\"S3E5C SC5 S2\" id=\"tk_175\">-1 021 793 </span><span class=\"S3E5D SC5 S2\" id=\"tl_175\">-937 164 </span><span class=\"S3E5E SC5 S2\" id=\"tm_175\">-1 164 935 </span><span class=\"S3E5F SC5 S2\" id=\"tn_175\">-2 157 </span><span class=\"S3E60 SC5 S2\" id=\"to_175\">968 </span><span class=\"S3E61 SC5 S2\" id=\"tp_175\">Instalments on short term interest bearing debt </span><span class=\"S3E62 SC5 S2\" id=\"tq_175\">-1 104 780 </span><span class=\"S3E63 SC4 S2\" id=\"tr_175\">Interest-bearing debt 31.12 </span><span class=\"S3E64 SC4 S2\" id=\"ts_175\">7 650 960 </span><span class=\"S3E65 SC4 S2\" id=\"tt_175\">5 816 589 </span><span class=\"S3E66 SC4 S2\" id=\"tu_175\">5 281 860 </span><span class=\"S3E67 SC4 S2\" id=\"tv_175\">4 260 067 </span><span class=\"S3E68 SC4 S2\" id=\"tw_175\">3 322 903 </span><span class=\"S3E69 SC4 S2\" id=\"tx_175\">2 157 968 </span><span class=\"S3E6A SC4 S2\" id=\"ty_175\">0 </span><span class=\"S3E6B SC4 S2\" id=\"tz_175\">Interest-bearing debt 31.12 </span><span class=\"S3E6C SC4 S2\" id=\"t10_175\">secured with \ufb01xed interest rate </span><span class=\"S3E6D SC4 S2\" id=\"t11_175\">2022 </span><span class=\"S3E6E SC4 S2\" id=\"t12_175\">2023 </span><span class=\"S3E6F SC4 S2\" id=\"t13_175\">2024 </span><span class=\"S3E70 SC4 S2\" id=\"t14_175\">2025 </span><span class=\"S3E71 SC4 S2\" id=\"t15_175\">2026 </span><span class=\"S3E72 SC4 S2\" id=\"t16_175\">2027 </span><span class=\"S3E73 SC4 S2\" id=\"t17_175\">Later </span><span class=\"S3E74 SC5 S2\" id=\"t18_175\">NOK 500 mill, 10.09.2021 - 17.09.2031 (bond loan) </span><span class=\"S3E75 SC5 S2\" id=\"t19_175\">497 703 </span><span class=\"S3E76 SC5 S2\" id=\"t1a_175\">497 966 </span><span class=\"S3E77 SC5 S2\" id=\"t1b_175\">498 228 </span><span class=\"S3E78 SC5 S2\" id=\"t1c_175\">498 491 </span><span class=\"S3E79 SC5 S2\" id=\"t1d_175\">498 753 </span><span class=\"S3E7A SC5 S2\" id=\"t1e_175\">499 016 </span><span class=\"S3E7B SC5 S2\" id=\"t1f_175\">0 </span><span class=\"S3E7C SC5 S2\" id=\"t1g_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E7D SC5 S2\" id=\"t1h_175\">323 438 </span><span class=\"S3E7E SC5 S2\" id=\"t1i_175\">304 688 </span><span class=\"S3E7F SC5 S2\" id=\"t1j_175\">285 938 </span><span class=\"S3E80 SC5 S2\" id=\"t1k_175\">267 188 </span><span class=\"S3E81 SC5 S2\" id=\"t1l_175\">248 438 </span><span class=\"S3E82 SC5 S2\" id=\"t1m_175\">0 </span><span class=\"S3E83 SC5 S2\" id=\"t1n_175\">0 </span><span class=\"S3E84 SC5 S2\" id=\"t1o_175\">NOK 323.4 mill, 15.14.2020 - 15.04.2027 (interest swap) </span><span class=\"S3E85 SC5 S2\" id=\"t1p_175\">323 438 </span><span class=\"S3E86 SC5 S2\" id=\"t1q_175\">304 688 </span><span class=\"S3E87 SC5 S2\" id=\"t1r_175\">285 938 </span><span class=\"S3E88 SC5 S2\" id=\"t1s_175\">267 188 </span><span class=\"S3E89 SC5 S2\" id=\"t1t_175\">248 438 </span><span class=\"S3E8A SC5 S2\" id=\"t1u_175\">0 </span><span class=\"S3E8B SC5 S2\" id=\"t1v_175\">0 </span><span class=\"S3E8C SC5 S2\" id=\"t1w_175\">Secured interest-bearing debt </span><span class=\"S3E8D SC5 S2\" id=\"t1x_175\">1 144 578 </span><span class=\"S3E8E SC5 S2\" id=\"t1y_175\">1 107 341 </span><span class=\"S3E8F SC5 S2\" id=\"t1z_175\">1 070 103 </span><span class=\"S3E90 SC5 S2\" id=\"t20_175\">1 032 866 </span><span class=\"S3E91 SC5 S2\" id=\"t21_175\">995 628 </span><span class=\"S3E92 SC5 S2\" id=\"t22_175\">499 016 </span><span class=\"S3E93 SC5 S2\" id=\"t23_175\">0 </span><span class=\"S3E94 SC5 S2\" id=\"t24_175\">Unsecured interest-bearing debt </span><span class=\"S3E95 SC5 S2\" id=\"t25_175\">6 506 382 </span><span class=\"S3E96 SC5 S2\" id=\"t26_175\">4 709 248 </span><span class=\"S3E97 SC5 S2\" id=\"t27_175\">4 211 757 </span><span class=\"S3E98 SC5 S2\" id=\"t28_175\">3 227 201 </span><span class=\"S3E99 SC5 S2\" id=\"t29_175\">2 327 275 </span><span class=\"S3E9A SC5 S2\" id=\"t2a_175\">1 658 953 </span><span class=\"S3E9B SC5 S2\" id=\"t2b_175\">1 661 882 </span><span class=\"S3E9C SC4 S2\" id=\"t2c_175\">Total interest-bearing debt </span><span class=\"S3E9D SC4 S2\" id=\"t2d_175\">7 650 960 </span><span class=\"S3E9E SC4 S2\" id=\"t2e_175\">5 816 589 </span><span class=\"S3E9F SC4 S2\" id=\"t2f_175\">5 281 860 </span><span class=\"S3EA0 SC4 S2\" id=\"t2g_175\">4 260 067 </span><span class=\"S3EA1 SC4 S2\" id=\"t2h_175\">3 322 903 </span><span class=\"S3EA2 SC4 S2\" id=\"t2i_175\">2 157 968 </span><span class=\"S3EA3 SC4 S2\" id=\"t2j_175\">1 661 882 </span><span class=\"S3EA4 SC5 S2\" id=\"t2k_175\">Portion exposed to interest rate changes </span><span class=\"S3EA5 SC5 S2\" id=\"t2l_175\">85 % </span><span class=\"S3EA6 SC5 S2\" id=\"t2m_175\">81 % </span><span class=\"S3EA7 SC5 S2\" id=\"t2n_175\">80 % </span><span class=\"S3EA8 SC5 S2\" id=\"t2o_175\">76 % </span><span class=\"S3EA9 SC5 S2\" id=\"t2p_175\">70 % </span><span class=\"S3EAA SC5 S2\" id=\"t2q_175\">77 % </span><span class=\"S3EAB SC5 S2\" id=\"t2r_175\">100 % </span><span class=\"S3EAC SC4 S2\" id=\"t2s_175\">The exposure of the Group\u2019s borrowings to interest rate changes and the contractual repricing dates </span><span class=\"S3EAD SC4 S2\" id=\"t2t_175\">2022 </span><span class=\"S3EAE SC4 S2\" id=\"t2u_175\">2021 </span><span class=\"S3EAF SC5 S2\" id=\"t2v_175\">6 months or less </span><span class=\"S3EB0 SC5 S2\" id=\"t2w_175\">0 </span><span class=\"S3EB1 SC5 S2\" id=\"t2x_175\">500 000 </span><span class=\"S3EB2 SC5 S2\" id=\"t2y_175\">6-12 months </span><span class=\"S3EB3 SC5 S2\" id=\"t2z_175\">0 </span><span class=\"S3EB4 SC5 S2\" id=\"t30_175\">0 </span><span class=\"S3EB5 SC5 S2\" id=\"t31_175\">1-5 years </span><span class=\"S3EB6 SC5 S2\" id=\"t32_175\">646 875 </span><span class=\"S3EB7 SC5 S2\" id=\"t33_175\">0 </span><span class=\"S3EB8 SC5 S2\" id=\"t34_175\">Over 5 years </span><span class=\"S3EB9 SC5 S2\" id=\"t35_175\">497 703 </span><span class=\"S3EBA SC5 S2\" id=\"t36_175\">1 181 816 </span><span class=\"S3EBB SC4 S2\" id=\"t37_175\">Total secured interest-bearing debt </span><span class=\"S3EBC SC4 S2\" id=\"t38_175\">1 144 578 </span><span class=\"S3EBD SC4 S2\" id=\"t39_175\">1 681 816 </span><span class=\"S3EBE SC4 S2\" id=\"t3a_175\">Total unsecured interest-bearing debt </span><span class=\"S3EBF SC4 S2\" id=\"t3b_175\">6 506 382 </span><span class=\"S3EC0 SC4 S2\" id=\"t3c_175\">5 818 816 </span><span class=\"S3EC1 SC4 S2\" id=\"t3d_175\">A change in insterest rate of 1% will increase the interest cost in 2023 with approxemately </span><span class=\"S3EC2 SC4 S2\" id=\"t3e_175\">65 064 </span><span class=\"S3EC3 SC4 S2\" id=\"t3f_175\">58 188 </span><span class=\"S43F4 S18EC S2\" id=\"t1w_187\">NOTE 23 </span><span class=\"S43F5 S18EC S2\" id=\"t1x_187\">Items that are combined in the \ufb01nancial statements </span><span class=\"S43B9 SC4 S2\" id=\"t2_187\">Financial revenue </span><span class=\"S43BA SC4 S2\" id=\"t3_187\">2022 </span><span class=\"S43BB SC4 S2\" id=\"t4_187\">2021 </span><span class=\"S43BC SC5 S2\" id=\"t5_187\">Interest revenue </span><span class=\"S43BD SC5 S2\" id=\"t6_187\">35 812 </span><span class=\"S43BE SC5 S2\" id=\"t7_187\">29 193 </span><span class=\"S43BF SC5 S2\" id=\"t8_187\">Currency gain * </span><span class=\"S43C0 SC5 S2\" id=\"t9_187\">16 803 </span><span class=\"S43C1 SC5 S2\" id=\"ta_187\">40 006 </span><span class=\"S43C2 SC5 S2\" id=\"tb_187\">Income from other investments </span><span class=\"S43C3 SC5 S2\" id=\"tc_187\">358 </span><span class=\"S43C4 SC5 S2\" id=\"td_187\">2 207 </span><span class=\"S43C5 SC5 S2\" id=\"te_187\">Other \ufb01nancial revenue </span><span class=\"S43C6 SC5 S2\" id=\"tf_187\">2 665 </span><span class=\"S43C7 SC5 S2\" id=\"tg_187\">1 543 </span><span class=\"S43C8 SC4 S2\" id=\"th_187\">Total \ufb01nancial revenue </span><span class=\"S43C9 SC4 S2\" id=\"ti_187\">55 638 </span><span class=\"S43CA SC4 S2\" id=\"tj_187\">72 950 </span><span class=\"S43CB SC4 S2\" id=\"tk_187\">Financial costs </span><span class=\"S43CC SC4 S2\" id=\"tl_187\">2022 </span><span class=\"S43CD SC4 S2\" id=\"tm_187\">2021 </span><span class=\"S43CE SC5 S2\" id=\"tn_187\">Interest costs (speci\ufb01ed below) </span><span class=\"S43CF SC5 S2\" id=\"to_187\">321 627 </span><span class=\"S43D0 SC5 S2\" id=\"tp_187\">244 669 </span><span class=\"S43D1 SC5 S2\" id=\"tq_187\">Other \ufb01nancial costs </span><span class=\"S43D2 SC5 S2\" id=\"tr_187\">15 780 </span><span class=\"S43D3 SC5 S2\" id=\"ts_187\">22 205 </span><span class=\"S43D4 SC4 S2\" id=\"tt_187\">Total \ufb01nancial costs </span><span class=\"S43D5 SC4 S2\" id=\"tu_187\">337 407 </span><span class=\"S43D6 SC4 S2\" id=\"tv_187\">266 874 </span><span class=\"S43D7 SC4 S2\" id=\"tw_187\">Net \ufb01nancial items </span><span class=\"S43D8 SC4 S2\" id=\"tx_187\">-281 769 </span><span class=\"S43D9 SC4 S2\" id=\"ty_187\">-193 924 </span><span class=\"S43DA SAF1 S2\" id=\"tz_187\">* Currency gains and losses related to purchases and sales are presented as a part of the accounting line for cost of materials. </span><span class=\"S43DB SAF1 S2\" id=\"t10_187\">Net currency gain in 2022 is NOK 58.0 million. In 2021, net gain was NOK 75.2 million. </span><span class=\"S43DC SC4 S2\" id=\"t11_187\">Interest costs consist of </span><span class=\"S43DD SC4 S2\" id=\"t12_187\">2022 </span><span class=\"S43DE SC4 S2\" id=\"t13_187\">2021 </span><span class=\"S43DF SC5 S2\" id=\"t14_187\">Interests on bond loans </span><span class=\"S43E0 SC5 S2\" id=\"t15_187\">45 851 </span><span class=\"S43E1 SC5 S2\" id=\"t16_187\">9 846 </span><span class=\"S43E2 SC5 S2\" id=\"t17_187\">Interest on long term loans from credit institutions </span><span class=\"S43E3 SC5 S2\" id=\"t18_187\">140 936 </span><span class=\"S43E4 SC5 S2\" id=\"t19_187\">97 738 </span><span class=\"S43E5 SC5 S2\" id=\"t1a_187\">Interest on interest swap agreements </span><span class=\"S43E6 SC5 S2\" id=\"t1b_187\">-1 407 </span><span class=\"S43E7 SC5 S2\" id=\"t1c_187\">35 660 </span><span class=\"S43E8 SC5 S2\" id=\"t1d_187\">Interest on lease liabilities to credit institutions </span><span class=\"S43E9 SC5 S2\" id=\"t1e_187\">39 445 </span><span class=\"S43EA SC5 S2\" id=\"t1f_187\">26 839 </span><span class=\"S43EB SC5 S2\" id=\"t1g_187\">Interest on lease liabilities to others </span><span class=\"S43EC SC5 S2\" id=\"t1h_187\">67 000 </span><span class=\"S43ED SC5 S2\" id=\"t1i_187\">54 899 </span><span class=\"S43EE SC5 S2\" id=\"t1j_187\">Other interest cost </span><span class=\"S43EF SC5 S2\" id=\"t1k_187\">29 802 </span><span class=\"S43F0 SC5 S2\" id=\"t1l_187\">19 688 </span><span class=\"S43F1 SC4 S2\" id=\"t1m_187\">Total </span><span class=\"S43F2 SC4 S2\" id=\"t1n_187\">321 627 </span><span class=\"S43F3 SC4 S2\" id=\"t1o_187\">244 669 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f19912": {
   "value": "<span class=\"S3EE6 SC7 S2\" id=\"t1_176\">Loans secured by mortgages and mortgaged assets </span><span class=\"S3EE8 SC4 S2\" id=\"t3_176\">Loans secured by mortgages consists of </span><span class=\"S3EE9 SC4 S2\" id=\"t4_176\">2022 </span><span class=\"S3EEA SC4 S2\" id=\"t5_176\">2021 </span><span class=\"S3EEB SC5 S2\" id=\"t6_176\">Long-term loans from credit institutions, etc. </span><span class=\"S3EEC SC5 S2\" id=\"t7_176\">3 836 664 </span><span class=\"S3EED SC5 S2\" id=\"t8_176\">4 186 882 </span><span class=\"S3EEE SC5 S2\" id=\"t9_176\">Other long-term interest-bearing debt </span><span class=\"S3EEF SC5 S2\" id=\"ta_176\">2 145 </span><span class=\"S3EF0 SC5 S2\" id=\"tb_176\">1 182 </span><span class=\"S3EF1 SC5 S2\" id=\"tc_176\">Short-term debt to credit institutions (overdrafts) </span><span class=\"S3EF2 SC5 S2\" id=\"td_176\">1 064 097 </span><span class=\"S3EF3 SC5 S2\" id=\"te_176\">540 933 </span><span class=\"S3EF4 SC5 S2\" id=\"tf_176\">Other short term interest bearing loans and credits </span><span class=\"S3EF5 SC5 S2\" id=\"tg_176\">40 683 </span><span class=\"S3EF6 SC5 S2\" id=\"th_176\">41 457 </span><span class=\"S3EF7 SC4 S2\" id=\"ti_176\">Total liabilities secured by mortgages as of 31.12 </span><span class=\"S3EF8 SC4 S2\" id=\"tj_176\">4 943 589 </span><span class=\"S3EF9 SC4 S2\" id=\"tk_176\">4 770 453 </span><span class=\"S3EFA SC4 S2\" id=\"tl_176\">Mortgaged assets </span><span class=\"S3EFB SC4 S2\" id=\"tm_176\">2022 </span><span class=\"S3EFC SC4 S2\" id=\"tn_176\">2021 </span><span class=\"S3EFD SC5 S2\" id=\"to_176\">Trade and other receivables </span><span class=\"S3EFE SC5 S2\" id=\"tp_176\">1 053 974 </span><span class=\"S3EFF SC5 S2\" id=\"tq_176\">1 281 103 </span><span class=\"S3F00 SC5 S2\" id=\"tr_176\">Shares in associates (Norskott Havbruk AS) </span><span class=\"S3F01 SC5 S2\" id=\"ts_176\">1 152 856 </span><span class=\"S3F02 SC5 S2\" id=\"tt_176\">1 094 884 </span><span class=\"S3F03 SC5 S2\" id=\"tu_176\">Biological assets and other goods </span><span class=\"S3F04 SC5 S2\" id=\"tv_176\">7 342 775 </span><span class=\"S3F05 SC5 S2\" id=\"tw_176\">6 774 063 </span><span class=\"S3F06 SC5 S2\" id=\"tx_176\">Fixed assets </span><span class=\"S3F07 SC5 S2\" id=\"ty_176\">7 014 511 </span><span class=\"S3F08 SC5 S2\" id=\"tz_176\">5 500 143 </span><span class=\"S3F09 SC5 S2\" id=\"t10_176\">Licences * </span><span class=\"S3F0A SC5 S2\" id=\"t11_176\">1 135 949 </span><span class=\"S3F0B SC5 S2\" id=\"t12_176\">1 366 960 </span><span class=\"S3F0C SC4 S2\" id=\"t13_176\">Net book value on mortgaged assets as of 31.12 </span><span class=\"S3F0D SC4 S2\" id=\"t14_176\">17 700 065 </span><span class=\"S3F0E SC4 S2\" id=\"t15_176\">16 017 153 </span><span class=\"S3F0F SAF1 S2\" id=\"t16_176\">* Mortgaged licences concern licences owned by Ler\u00f8y Midt AS and Ler\u00f8y Vest AS </span><span class=\"S3EE7 SC7 S2\" id=\"t2_176\">Guaranties on behalf of third party liabilities </span><span class=\"S3F10 SC4 S2\" id=\"t17_176\">Guraranties as of 31.12 </span><span class=\"S3F11 SC4 S2\" id=\"t18_176\">2022 </span><span class=\"S3F12 SC4 S2\" id=\"t19_176\">2021 </span><span class=\"S3F13 SC5 S2\" id=\"t1a_176\">Guraranties on behalf of associated companies </span><span class=\"S3F14 SC5 S2\" id=\"t1b_176\">7 660 </span><span class=\"S3F15 SC5 S2\" id=\"t1c_176\">7 660 </span><span class=\"S3F16 SC5 S2\" id=\"t1d_176\">Guraranties on behalf of other third parties </span><span class=\"S3F17 SC5 S2\" id=\"t1e_176\">4 000 </span><span class=\"S3F18 SC5 S2\" id=\"t1f_176\">2 050 </span><span class=\"S3F19 SC4 S2\" id=\"t1g_176\">Total </span><span class=\"S3F1A SC4 S2\" id=\"t1h_176\">11 660 </span><span class=\"S3F1B SC4 S2\" id=\"t1i_176\">9 710 </span><span class=\"S3F1C SC5 S2\" id=\"t1j_176\">As an alternative to direct investment, the Group has in some few cases accepted to guarantee on behalf of third party liabilities. </span><span class=\"S3F1D SC5 S2\" id=\"t1k_176\">The speci\ufb01c guarantees are on behalf of \ufb01shermen, that deliver Wild catches to the Group. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20072": {
   "value": "<span class=\"S3F61 S18EC S2\" id=\"t2c_177\">NOTE 16 </span><span class=\"S3F62 S18EC S2\" id=\"t2d_177\">Pensions </span><span class=\"S22B1 S108 S2\" id=\"t1_177\">All the Norwegian companies in the </span><span class=\"S3F1F S108 S2\" id=\"t2_177\">Group satisfy the requirements in the </span><span class=\"S3025 S108 S2\" id=\"t3_177\">Act relating to mandatory </span><span class=\"S3F20 S108 S2\" id=\"t4_177\">occupational pensions (Norwegian: </span><span class=\"S23DB S108 S2\" id=\"t5_177\">OTP). The schemes are mainly </span><span class=\"S3F21 S108 S2\" id=\"t6_177\">established as de\ufb01ned contribution </span><span class=\"S3028 S108 S2\" id=\"t7_177\">pension schemes. Most of the bene\ufb01t </span><span class=\"S3F22 S108 S2\" id=\"t8_177\">shemes have been replaced with </span><span class=\"S3D52 S108 S2\" id=\"t9_177\">contribution shemes together with a </span><span class=\"S3F23 S108 S2\" id=\"ta_177\">paid-up-policy to the previous </span><span class=\"S3F24 S108 S2\" id=\"tb_177\">members. The remaining net </span><span class=\"S3F25 S108 S2\" id=\"tc_177\">liabilities are calculated based on </span><span class=\"S3F26 S108 S2\" id=\"td_177\">common actuarial assumptions. In </span><span class=\"S21D2 S108 S2\" id=\"te_177\">addition some companies within the </span><span class=\"S3016 S108 S2\" id=\"tf_177\">group have some small unsecured </span><span class=\"S3F27 S108 S2\" id=\"tg_177\">schemes which are \ufb01nanced by </span><span class=\"S1CB0 S108 S2\" id=\"th_177\">operations. These schemes are </span><span class=\"S3F28 S108 S2\" id=\"ti_177\">considered to be immaterial </span><span class=\"S3F29 S108 S2\" id=\"tj_177\">regarding further disclosure in the </span><span class=\"S3F2A S108 S2\" id=\"tk_177\">notes. Information on the pension </span><span class=\"S3F2B S108 S2\" id=\"tl_177\">cost for the year is also provided in </span><span class=\"S1F27 S108 S2\" id=\"tm_177\">the note on payroll costs. </span><span class=\"S3F2C SC4 S2\" id=\"tn_177\">De\ufb01ned bene\ufb01t scheme </span><span class=\"S3F2D SC4 S2\" id=\"to_177\">2022 </span><span class=\"S3F2E SC4 S2\" id=\"tp_177\">2021 </span><span class=\"S3F2F SC5 S2\" id=\"tq_177\">Present value of future pension liabilities </span><span class=\"S3F30 SC5 S2\" id=\"tr_177\">5 916 </span><span class=\"S3F31 SC5 S2\" id=\"ts_177\">5 650 </span><span class=\"S2AD3 SC5 S2\" id=\"tt_177\">Fair value of pension funds </span><span class=\"S3F32 SC5 S2\" id=\"tu_177\">-2 887 </span><span class=\"S3F33 SC5 S2\" id=\"tv_177\">-2 257 </span><span class=\"S3F34 SC4 S2\" id=\"tw_177\">Net pension liabilities </span><span class=\"S3F35 SC4 S2\" id=\"tx_177\">3 029 </span><span class=\"S3F36 SC4 S2\" id=\"ty_177\">3 393 </span><span class=\"S3F37 SC4 S2\" id=\"tz_177\">Change in capitalised liabilities </span><span class=\"S3F38 SC4 S2\" id=\"t10_177\">2022 </span><span class=\"S3F39 SC4 S2\" id=\"t11_177\">2021 </span><span class=\"S3F3A SC5 S2\" id=\"t12_177\">Carrying value as of 01.01 </span><span class=\"S3F3B SC5 S2\" id=\"t13_177\">3 393 </span><span class=\"S3F3C SC5 S2\" id=\"t14_177\">2 670 </span><span class=\"S3F3D SC5 S2\" id=\"t15_177\">Costs booked during the year </span><span class=\"S3F3E SC5 S2\" id=\"t16_177\">950 </span><span class=\"S3F3F SC5 S2\" id=\"t17_177\">1 063 </span><span class=\"S3F40 SC5 S2\" id=\"t18_177\">Estimate differences recognised through comprehensive income (before tax) </span><span class=\"S3F41 SC5 S2\" id=\"t19_177\">-333 </span><span class=\"S3F42 SC5 S2\" id=\"t1a_177\">11 </span><span class=\"S3F43 SC5 S2\" id=\"t1b_177\">Pension payments and payments of pension premiums </span><span class=\"S3F44 SC5 S2\" id=\"t1c_177\">-981 </span><span class=\"S3F45 SC5 S2\" id=\"t1d_177\">-351 </span><span class=\"S3F46 SC4 S2\" id=\"t1e_177\">Carrying value at 31.12 de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F47 SC4 S2\" id=\"t1f_177\">3 029 </span><span class=\"S3F48 SC4 S2\" id=\"t1g_177\">3 393 </span><span class=\"S3F49 SC4 S2\" id=\"t1h_177\">Total pension cost through pro\ufb01t or loss </span><span class=\"S3F4A SC4 S2\" id=\"t1i_177\">2022 </span><span class=\"S3F4B SC4 S2\" id=\"t1j_177\">2021 </span><span class=\"S2857 SC5 S2\" id=\"t1k_177\">Net pension cost, de\ufb01ned contribution scheme </span><span class=\"S3F4C SC5 S2\" id=\"t1l_177\">145 558 </span><span class=\"S3F4D SC5 S2\" id=\"t1m_177\">135 814 </span><span class=\"S3F4E SC5 S2\" id=\"t1n_177\">Net pension cost, de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F4F SC5 S2\" id=\"t1o_177\">950 </span><span class=\"S3F50 SC5 S2\" id=\"t1p_177\">1 063 </span><span class=\"S3F51 SC4 S2\" id=\"t1q_177\">Total </span><span class=\"S3F52 SC4 S2\" id=\"t1r_177\">146 508 </span><span class=\"S3F53 SC4 S2\" id=\"t1s_177\">136 877 </span><span class=\"S3F54 SC4 S2\" id=\"t1t_177\">Total pension cost through comprehensive income </span><span class=\"S3F55 SC4 S2\" id=\"t1u_177\">2022 </span><span class=\"S3F56 SC4 S2\" id=\"t1v_177\">2021 </span><span class=\"S3F57 SC5 S2\" id=\"t1w_177\">Net pension cost (before tax) from bene\ufb01t plans - comprehensive income </span><span class=\"S3F58 SC5 S2\" id=\"t1x_177\">-333 </span><span class=\"S3F59 SC5 S2\" id=\"t1y_177\">11 </span><span class=\"S3F5A SC5 S2\" id=\"t1z_177\">Tax effect </span><span class=\"S3F5B SC5 S2\" id=\"t20_177\">83 </span><span class=\"S3F5C SC5 S2\" id=\"t21_177\">-3 </span><span class=\"S3F5D SC4 S2\" id=\"t22_177\">Total pension cost through comprehensive income </span><span class=\"S3F5E SC4 S2\" id=\"t23_177\">-250 </span><span class=\"S3F5F SC4 S2\" id=\"t24_177\">8 </span><span class=\"S434A S18EC S2\" id=\"t44_185\">NOTE 22 </span><span class=\"S434B S18EC S2\" id=\"t45_185\">Payroll costs, number of employees, remuneration, loans </span><span class=\"S434C S18EC S2\" id=\"t46_185\">to staff, etc. </span><span class=\"S42D8 SC4 S2\" id=\"to_185\">Payroll costs </span><span class=\"S42D9 SC4 S2\" id=\"tp_185\">2022 </span><span class=\"S42DA SC4 S2\" id=\"tq_185\">2021 </span><span class=\"S42DB SC5 S2\" id=\"tr_185\">Salary </span><span class=\"S42DC SC5 S2\" id=\"ts_185\">2 968 050 </span><span class=\"S42DD SC5 S2\" id=\"tt_185\">2 693 567 </span><span class=\"S3B90 SC5 S2\" id=\"tu_185\">Employer's national insurance contribution </span><span class=\"S42DE SC5 S2\" id=\"tv_185\">256 988 </span><span class=\"S42DF SC5 S2\" id=\"tw_185\">228 712 </span><span class=\"S42E0 SC5 S2\" id=\"tx_185\">Hired personnel </span><span class=\"S42E1 SC5 S2\" id=\"ty_185\">274 299 </span><span class=\"S42E2 SC5 S2\" id=\"tz_185\">241 863 </span><span class=\"S42E3 SC5 S2\" id=\"t10_185\">Pension costs </span><span class=\"S42E4 SC5 S2\" id=\"t11_185\">146 508 </span><span class=\"S42E5 SC5 S2\" id=\"t12_185\">136 877 </span><span class=\"S42E6 SC5 S2\" id=\"t13_185\">Other remuneration </span><span class=\"S42E7 SC5 S2\" id=\"t14_185\">62 277 </span><span class=\"S42E8 SC5 S2\" id=\"t15_185\">67 557 </span><span class=\"S42E9 SC5 S2\" id=\"t16_185\">Other personnel expenses </span><span class=\"S42EA SC5 S2\" id=\"t17_185\">107 710 </span><span class=\"S42EB SC5 S2\" id=\"t18_185\">105 252 </span><span class=\"S42EC SC4 S2\" id=\"t19_185\">Total </span><span class=\"S42ED SC4 S2\" id=\"t1a_185\">3 815 833 </span><span class=\"S42EE SC4 S2\" id=\"t1b_185\">3 473 829 </span><span class=\"S324E SC4 S2\" id=\"t1c_185\">Employees, including hired personnel </span><span class=\"S42EF SC4 S2\" id=\"t1d_185\">2022 </span><span class=\"S42F0 SC4 S2\" id=\"t1e_185\">2021 </span><span class=\"S42F1 SC5 S2\" id=\"t1f_185\">Number of full-time equivalents </span><span class=\"S42F2 SC5 S2\" id=\"t1g_185\">5 092 </span><span class=\"S42F3 SC5 S2\" id=\"t1h_185\">4 591 </span><span class=\"S42F4 SC5 S2\" id=\"t1i_185\">Number of employees 31.12 </span><span class=\"S42F5 SC5 S2\" id=\"t1j_185\">5 972 </span><span class=\"S42F6 SC5 S2\" id=\"t1k_185\">5 475 </span><span class=\"S42F7 SC5 S2\" id=\"t1l_185\">Number of men employed 31.12 </span><span class=\"S42F8 SC5 S2\" id=\"t1m_185\">3 641 </span><span class=\"S42F9 SC5 S2\" id=\"t1n_185\">3 452 </span><span class=\"S42FA SC5 S2\" id=\"t1o_185\">Number of women employed 31.12 </span><span class=\"S42FB SC5 S2\" id=\"t1p_185\">2 331 </span><span class=\"S42FC SC5 S2\" id=\"t1q_185\">2 023 </span><span class=\"S42FD SC5 S2\" id=\"t1r_185\">Percentage of women employed 31.12 </span><span class=\"S42FE SC5 S2\" id=\"t1s_185\">39.0 % </span><span class=\"S42FF SC5 S2\" id=\"t1t_185\">36.9 % </span><span class=\"S4300 SC4 S2\" id=\"t1u_185\">Number of hired personnel 31.12 </span><span class=\"S4301 SC4 S2\" id=\"t1v_185\">853 </span><span class=\"S4302 SC4 S2\" id=\"t1w_185\">705 </span><span class=\"S4303 SC4 S2\" id=\"t1x_185\">Remuneration of senior executives in 2021 </span><span class=\"S4304 SC4 S2\" id=\"t1y_185\">Salary </span><span class=\"S4305 SC4 S2\" id=\"t1z_185\">Bonus </span><span class=\"S4306 SC4 S2\" id=\"t20_185\">Pension </span><span class=\"S4307 SC4 S2\" id=\"t21_185\">Other </span><span class=\"S4308 SC4 S2\" id=\"t22_185\">Total </span><span class=\"S40BF SC5 S2\" id=\"t23_185\">CEO </span><span class=\"S4309 SC5 S2\" id=\"t24_185\">3 564 </span><span class=\"S430A SC5 S2\" id=\"t25_185\">3 000 </span><span class=\"S430B SC5 S2\" id=\"t26_185\">174 </span><span class=\"S430C SC5 S2\" id=\"t27_185\">11 </span><span class=\"S430D SC5 S2\" id=\"t28_185\">6 749 </span><span class=\"S430E SC5 S2\" id=\"t29_185\">CFO </span><span class=\"S430F SC5 S2\" id=\"t2a_185\">2 719 </span><span class=\"S4310 SC5 S2\" id=\"t2b_185\">1 785 </span><span class=\"S4311 SC5 S2\" id=\"t2c_185\">175 </span><span class=\"S4312 SC5 S2\" id=\"t2d_185\">21 </span><span class=\"S4313 SC5 S2\" id=\"t2e_185\">4 700 </span><span class=\"S4314 SC5 S2\" id=\"t2f_185\">COO Farming </span><span class=\"S4315 SC5 S2\" id=\"t2g_185\">2 014 </span><span class=\"S4316 SC5 S2\" id=\"t2h_185\">209 </span><span class=\"S4317 SC5 S2\" id=\"t2i_185\">173 </span><span class=\"S4318 SC5 S2\" id=\"t2j_185\">11 </span><span class=\"S4319 SC5 S2\" id=\"t2k_185\">2 407 </span><span class=\"S431A SC5 S2\" id=\"t2l_185\">COO VAPSD </span><span class=\"S431B SC5 S2\" id=\"t2m_185\">2 198 </span><span class=\"S431C SC5 S2\" id=\"t2n_185\">1 000 </span><span class=\"S431D SC5 S2\" id=\"t2o_185\">172 </span><span class=\"S431E SC5 S2\" id=\"t2p_185\">30 </span><span class=\"S431F SC5 S2\" id=\"t2q_185\">3 400 </span><span class=\"S4320 SC5 S2\" id=\"t2r_185\">CHRO </span><span class=\"S4321 SC5 S2\" id=\"t2s_185\">1 974 </span><span class=\"S4322 SC5 S2\" id=\"t2t_185\">1 000 </span><span class=\"S4323 SC5 S2\" id=\"t2u_185\">174 </span><span class=\"S4324 SC5 S2\" id=\"t2v_185\">30 </span><span class=\"S4325 SC5 S2\" id=\"t2w_185\">3 178 </span><span class=\"S4326 SC4 S2\" id=\"t2x_185\">Remuneration of senior executives in 2022 </span><span class=\"S4327 SC4 S2\" id=\"t2y_185\">Salary </span><span class=\"S4328 SC4 S2\" id=\"t2z_185\">Bonus </span><span class=\"S4329 SC4 S2\" id=\"t30_185\">Pension </span><span class=\"S432A SC4 S2\" id=\"t31_185\">Other </span><span class=\"S432B SC4 S2\" id=\"t32_185\">Total </span><span class=\"S432C SC5 S2\" id=\"t33_185\">CEO </span><span class=\"S432D SC5 S2\" id=\"t34_185\">3 519 </span><span class=\"S432E SC5 S2\" id=\"t35_185\">4 600 </span><span class=\"S432F SC5 S2\" id=\"t36_185\">186 </span><span class=\"S4330 SC5 S2\" id=\"t37_185\">9 </span><span class=\"S4331 SC5 S2\" id=\"t38_185\">8 314 </span><span class=\"S4332 SC5 S2\" id=\"t39_185\">CFO </span><span class=\"S4333 SC5 S2\" id=\"t3a_185\">2 764 </span><span class=\"S4334 SC5 S2\" id=\"t3b_185\">2 054 </span><span class=\"S4335 SC5 S2\" id=\"t3c_185\">186 </span><span class=\"S4336 SC5 S2\" id=\"t3d_185\">9 </span><span class=\"S4337 SC5 S2\" id=\"t3e_185\">5 013 </span><span class=\"S4338 SC5 S2\" id=\"t3f_185\">COO Farming </span><span class=\"S4339 SC5 S2\" id=\"t3g_185\">2 096 </span><span class=\"S433A SC5 S2\" id=\"t3h_185\">1 120 </span><span class=\"S433B SC5 S2\" id=\"t3i_185\">186 </span><span class=\"S433C SC5 S2\" id=\"t3j_185\">9 </span><span class=\"S433D SC5 S2\" id=\"t3k_185\">3 411 </span><span class=\"S433E SC5 S2\" id=\"t3l_185\">COO VAPSD </span><span class=\"S433F SC5 S2\" id=\"t3m_185\">2 135 </span><span class=\"S4340 SC5 S2\" id=\"t3n_185\">1 120 </span><span class=\"S4341 SC5 S2\" id=\"t3o_185\">186 </span><span class=\"S4342 SC5 S2\" id=\"t3p_185\">9 </span><span class=\"S4343 SC5 S2\" id=\"t3q_185\">3 450 </span><span class=\"S4344 SC5 S2\" id=\"t3r_185\">CHRO </span><span class=\"S4345 SC5 S2\" id=\"t3s_185\">1 927 </span><span class=\"S4346 SC5 S2\" id=\"t3t_185\">1 120 </span><span class=\"S4347 SC5 S2\" id=\"t3u_185\">187 </span><span class=\"S4348 SC5 S2\" id=\"t3v_185\">9 </span><span class=\"S4349 SC5 S2\" id=\"t3w_185\">3 243 </span><span class=\"S42C1 SC8 S2\" id=\"t1_185\">Remuneration of board members </span><span class=\"S42C2 SC8 S2\" id=\"t2_185\">totalled NOK 1 567 in 2022 (equally </span><span class=\"S42C3 SC8 S2\" id=\"t3_185\">distributed). The remuneration in </span><span class=\"S42C4 SC8 S2\" id=\"t4_185\">2021 was NOK 1 250. The number of </span><span class=\"S42C5 SC8 S2\" id=\"t5_185\">Board members has been reduced </span><span class=\"S42C6 SC8 S2\" id=\"t6_185\">from 7 to 6 persons during 2022. </span><span class=\"S42C7 SC8 S2\" id=\"t7_185\">Remuneration of the nomination </span><span class=\"S42C8 SC8 S2\" id=\"t8_185\">committee is unchanged compared </span><span class=\"S42C9 SC8 S2\" id=\"t9_185\">to the previous year, and amounts to </span><span class=\"S42CA SC8 S2\" id=\"ta_185\">NOK 135 in 2022. As for the members </span><span class=\"S42CB SC8 S2\" id=\"tb_185\">of the Board, the remuneration per </span><span class=\"S42CC SC8 S2\" id=\"tc_185\">member is equally distributed. </span><span class=\"S42CD SC8 S2\" id=\"td_185\">Remuneration of the audit </span><span class=\"S42CE SC8 S2\" id=\"te_185\">committee is increased compared to </span><span class=\"S42CF SC8 S2\" id=\"tf_185\">the previous year, and amounts to </span><span class=\"S42D0 SC8 S2\" id=\"tg_185\">NOK 230 in 2022, compared to NOK 170 </span><span class=\"S42D1 SC8 S2\" id=\"th_185\">in 2021. The remuneration per member </span><span class=\"S42D2 SC8 S2\" id=\"ti_185\">is equally distributed. </span><span class=\"S42D3 SC8 S2\" id=\"tj_185\">A description of the main principles </span><span class=\"S42D4 SC8 S2\" id=\"tk_185\">for the company`s salary policy is </span><span class=\"S42D5 SC8 S2\" id=\"tl_185\">included in the Board of Directors\u2019 </span><span class=\"S42D6 SC8 S2\" id=\"tm_185\">statement regarding salary and other </span><span class=\"S42D7 SC8 S2\" id=\"tn_185\">remuneration of executive personnel. </span><span class=\"S43B5 S18EC S2\" id=\"t3i_186\">NOTE 22 cont. </span><span class=\"S43B6 S18EC S2\" id=\"t3j_186\">Payroll costs, number of employees, remuneration, loans </span><span class=\"S43B7 S18EC S2\" id=\"t3k_186\">to staff, etc. </span><span class=\"S437B SC7 S2\" id=\"t1j_186\">Mandates granted to the </span><span class=\"S437C SC7 S2\" id=\"t1k_186\">Board of Directors </span><span class=\"S3A2C SC8 S2\" id=\"t1l_186\">Mandates are granted to the Board </span><span class=\"S437D SC8 S2\" id=\"t1m_186\">of Directors in accordance with the </span><span class=\"S437E SC8 S2\" id=\"t1n_186\">Public Limited Companies Act </span><span class=\"S437F SC8 S2\" id=\"t1o_186\">(Norway), cf. in particular chapters 8, </span><span class=\"S1D58 SC8 S2\" id=\"t1p_186\">9 and 10 of the Act. </span><span class=\"S4380 SC8 S2\" id=\"t1q_186\">The \ufb01rst time the Board was </span><span class=\"S4381 SC8 S2\" id=\"t1r_186\">authorised to acquire the company\u2019s </span><span class=\"S20E7 SC8 S2\" id=\"t1s_186\">own shares was at the ordinary </span><span class=\"S1FC6 SC8 S2\" id=\"t1t_186\">general meeting on 12 May 2000. This </span><span class=\"S4382 SC8 S2\" id=\"t1u_186\">mandate has been replaced with a </span><span class=\"S4383 SC8 S2\" id=\"t1v_186\">new mandate at the ordinary general </span><span class=\"S4384 SC8 S2\" id=\"t1w_186\">meeting on 23 May 2022. The mandate </span><span class=\"S4385 SC8 S2\" id=\"t1x_186\">remains valid for 18 months from the </span><span class=\"S4386 SC8 S2\" id=\"t1y_186\">date on which the resolution was </span><span class=\"S4387 SC8 S2\" id=\"t1z_186\">adopted. The Board has authority to </span><span class=\"S4388 SC8 S2\" id=\"t20_186\">acquire up to 50 million shares, each </span><span class=\"S4389 SC8 S2\" id=\"t21_186\">with a face value of NOK 0.1. The </span><span class=\"S36A1 SC8 S2\" id=\"t22_186\">lowest price to be paid is NOK 1 per </span><span class=\"S3B1D SC8 S2\" id=\"t23_186\">share, and the highest price per share </span><span class=\"S438A SC8 S2\" id=\"t24_186\">is NOK 100. The mandate has not been </span><span class=\"S438B SC8 S2\" id=\"t25_186\">exercised in 2022. Renewal of the </span><span class=\"S438C SC8 S2\" id=\"t26_186\">mandate will be recommended to </span><span class=\"S438D SC8 S2\" id=\"t27_186\">the general meeting on 23 May 2023. </span><span class=\"S236A SC8 S2\" id=\"t28_186\">The Board has authority to increase </span><span class=\"S438E SC8 S2\" id=\"t29_186\">the share capital by up to NOK </span><span class=\"S4365 SC8 S2\" id=\"tr_186\">5,000,000 by issuing up to 50,000,000 </span><span class=\"S4366 SC8 S2\" id=\"ts_186\">shares in Ler\u00f8y Seafood Group ASA, </span><span class=\"S2DCA SC8 S2\" id=\"tt_186\">each with a nominal value of NOK 0.1, </span><span class=\"S4367 SC8 S2\" id=\"tu_186\">through one or more private placings </span><span class=\"S4368 SC8 S2\" id=\"tv_186\">with external investors, employees </span><span class=\"S4369 SC8 S2\" id=\"tw_186\">and some of the company\u2019s </span><span class=\"S436A SC8 S2\" id=\"tx_186\">shareholders. This type of mandate </span><span class=\"S436B SC8 S2\" id=\"ty_186\">was \ufb01rst established by the ordinary </span><span class=\"S436C SC8 S2\" id=\"tz_186\">general meeting of 4 May 1999 and </span><span class=\"S436D SC8 S2\" id=\"t10_186\">subsequently renewed by the ordinary </span><span class=\"S436E SC8 S2\" id=\"t11_186\">general meeting on 23 May 2022, and </span><span class=\"S20B6 SC8 S2\" id=\"t12_186\">is to remain valid for 24 months from </span><span class=\"S36AE SC8 S2\" id=\"t13_186\">the date on which the resolution was </span><span class=\"S436F SC8 S2\" id=\"t14_186\">adopted. The mandate was not </span><span class=\"S4370 SC8 S2\" id=\"t15_186\">exercised in 2022. It will be </span><span class=\"S31AA SC8 S2\" id=\"t16_186\">recommended that an equivalent </span><span class=\"S4371 SC8 S2\" id=\"t17_186\">mandate be approved by the ordinary </span><span class=\"S4372 SC8 S2\" id=\"t18_186\">general meeting on 23 May 2023. </span><span class=\"S4373 SC8 S2\" id=\"t19_186\">The Board\u2019s powers to distribute shares </span><span class=\"S20BD SC8 S2\" id=\"t1a_186\">has a maximum validity exceeding a </span><span class=\"S4374 SC8 S2\" id=\"t1b_186\">year, and are not limited to only certain </span><span class=\"S4375 SC8 S2\" id=\"t1c_186\">expressed purposes as recommended </span><span class=\"S4376 SC8 S2\" id=\"t1d_186\">in the NUES. This is mainly for </span><span class=\"S4377 SC8 S2\" id=\"t1e_186\">operational reasons, but also in order </span><span class=\"S1F9F SC8 S2\" id=\"t1f_186\">to clearly show that the company is </span><span class=\"S4378 SC8 S2\" id=\"t1g_186\">growth oriented and that shares are </span><span class=\"S4379 SC8 S2\" id=\"t1h_186\">regarded as an important means of </span><span class=\"S437A SC8 S2\" id=\"t1i_186\">payment. This practice is established </span><span class=\"S434D SC8 S2\" id=\"t1_186\">to ensure an optimum strategic </span><span class=\"S2540 SC8 S2\" id=\"t2_186\">business development for the </span><span class=\"S434E SC8 S2\" id=\"t3_186\">company. However the Board has </span><span class=\"S434F SC8 S2\" id=\"t4_186\">established the practice of having </span><span class=\"S4350 SC8 S2\" id=\"t5_186\">the mandates renewed at each </span><span class=\"S4351 SC8 S2\" id=\"t6_186\">ordinary general meeting. </span><span class=\"S4352 SC7 S2\" id=\"t7_186\">Loans to employees </span><span class=\"S4353 SC8 S2\" id=\"t8_186\">No loans have been granted to the </span><span class=\"S4354 SC8 S2\" id=\"t9_186\">CEO, Chairman of the Board or other </span><span class=\"S4355 SC8 S2\" id=\"ta_186\">related parties. No single loan or </span><span class=\"S4356 SC8 S2\" id=\"tb_186\">guarantee to employees has been </span><span class=\"S4357 SC8 S2\" id=\"tc_186\">granted for more than 5% of the </span><span class=\"S4358 SC8 S2\" id=\"td_186\">company\u2019s equity. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20073": {
   "value": "<span class=\"S3F61 S18EC S2\" id=\"t2c_177\">NOTE 16 </span><span class=\"S3F62 S18EC S2\" id=\"t2d_177\">Pensions </span><span class=\"S22B1 S108 S2\" id=\"t1_177\">All the Norwegian companies in the </span><span class=\"S3F1F S108 S2\" id=\"t2_177\">Group satisfy the requirements in the </span><span class=\"S3025 S108 S2\" id=\"t3_177\">Act relating to mandatory </span><span class=\"S3F20 S108 S2\" id=\"t4_177\">occupational pensions (Norwegian: </span><span class=\"S23DB S108 S2\" id=\"t5_177\">OTP). The schemes are mainly </span><span class=\"S3F21 S108 S2\" id=\"t6_177\">established as de\ufb01ned contribution </span><span class=\"S3028 S108 S2\" id=\"t7_177\">pension schemes. Most of the bene\ufb01t </span><span class=\"S3F22 S108 S2\" id=\"t8_177\">shemes have been replaced with </span><span class=\"S3D52 S108 S2\" id=\"t9_177\">contribution shemes together with a </span><span class=\"S3F23 S108 S2\" id=\"ta_177\">paid-up-policy to the previous </span><span class=\"S3F24 S108 S2\" id=\"tb_177\">members. The remaining net </span><span class=\"S3F25 S108 S2\" id=\"tc_177\">liabilities are calculated based on </span><span class=\"S3F26 S108 S2\" id=\"td_177\">common actuarial assumptions. In </span><span class=\"S21D2 S108 S2\" id=\"te_177\">addition some companies within the </span><span class=\"S3016 S108 S2\" id=\"tf_177\">group have some small unsecured </span><span class=\"S3F27 S108 S2\" id=\"tg_177\">schemes which are \ufb01nanced by </span><span class=\"S1CB0 S108 S2\" id=\"th_177\">operations. These schemes are </span><span class=\"S3F28 S108 S2\" id=\"ti_177\">considered to be immaterial </span><span class=\"S3F29 S108 S2\" id=\"tj_177\">regarding further disclosure in the </span><span class=\"S3F2A S108 S2\" id=\"tk_177\">notes. Information on the pension </span><span class=\"S3F2B S108 S2\" id=\"tl_177\">cost for the year is also provided in </span><span class=\"S1F27 S108 S2\" id=\"tm_177\">the note on payroll costs. </span><span class=\"S3F2C SC4 S2\" id=\"tn_177\">De\ufb01ned bene\ufb01t scheme </span><span class=\"S3F2D SC4 S2\" id=\"to_177\">2022 </span><span class=\"S3F2E SC4 S2\" id=\"tp_177\">2021 </span><span class=\"S3F2F SC5 S2\" id=\"tq_177\">Present value of future pension liabilities </span><span class=\"S3F30 SC5 S2\" id=\"tr_177\">5 916 </span><span class=\"S3F31 SC5 S2\" id=\"ts_177\">5 650 </span><span class=\"S2AD3 SC5 S2\" id=\"tt_177\">Fair value of pension funds </span><span class=\"S3F32 SC5 S2\" id=\"tu_177\">-2 887 </span><span class=\"S3F33 SC5 S2\" id=\"tv_177\">-2 257 </span><span class=\"S3F34 SC4 S2\" id=\"tw_177\">Net pension liabilities </span><span class=\"S3F35 SC4 S2\" id=\"tx_177\">3 029 </span><span class=\"S3F36 SC4 S2\" id=\"ty_177\">3 393 </span><span class=\"S3F37 SC4 S2\" id=\"tz_177\">Change in capitalised liabilities </span><span class=\"S3F38 SC4 S2\" id=\"t10_177\">2022 </span><span class=\"S3F39 SC4 S2\" id=\"t11_177\">2021 </span><span class=\"S3F3A SC5 S2\" id=\"t12_177\">Carrying value as of 01.01 </span><span class=\"S3F3B SC5 S2\" id=\"t13_177\">3 393 </span><span class=\"S3F3C SC5 S2\" id=\"t14_177\">2 670 </span><span class=\"S3F3D SC5 S2\" id=\"t15_177\">Costs booked during the year </span><span class=\"S3F3E SC5 S2\" id=\"t16_177\">950 </span><span class=\"S3F3F SC5 S2\" id=\"t17_177\">1 063 </span><span class=\"S3F40 SC5 S2\" id=\"t18_177\">Estimate differences recognised through comprehensive income (before tax) </span><span class=\"S3F41 SC5 S2\" id=\"t19_177\">-333 </span><span class=\"S3F42 SC5 S2\" id=\"t1a_177\">11 </span><span class=\"S3F43 SC5 S2\" id=\"t1b_177\">Pension payments and payments of pension premiums </span><span class=\"S3F44 SC5 S2\" id=\"t1c_177\">-981 </span><span class=\"S3F45 SC5 S2\" id=\"t1d_177\">-351 </span><span class=\"S3F46 SC4 S2\" id=\"t1e_177\">Carrying value at 31.12 de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F47 SC4 S2\" id=\"t1f_177\">3 029 </span><span class=\"S3F48 SC4 S2\" id=\"t1g_177\">3 393 </span><span class=\"S3F49 SC4 S2\" id=\"t1h_177\">Total pension cost through pro\ufb01t or loss </span><span class=\"S3F4A SC4 S2\" id=\"t1i_177\">2022 </span><span class=\"S3F4B SC4 S2\" id=\"t1j_177\">2021 </span><span class=\"S2857 SC5 S2\" id=\"t1k_177\">Net pension cost, de\ufb01ned contribution scheme </span><span class=\"S3F4C SC5 S2\" id=\"t1l_177\">145 558 </span><span class=\"S3F4D SC5 S2\" id=\"t1m_177\">135 814 </span><span class=\"S3F4E SC5 S2\" id=\"t1n_177\">Net pension cost, de\ufb01ned bene\ufb01t scheme </span><span class=\"S3F4F SC5 S2\" id=\"t1o_177\">950 </span><span class=\"S3F50 SC5 S2\" id=\"t1p_177\">1 063 </span><span class=\"S3F51 SC4 S2\" id=\"t1q_177\">Total </span><span class=\"S3F52 SC4 S2\" id=\"t1r_177\">146 508 </span><span class=\"S3F53 SC4 S2\" id=\"t1s_177\">136 877 </span><span class=\"S3F54 SC4 S2\" id=\"t1t_177\">Total pension cost through comprehensive income </span><span class=\"S3F55 SC4 S2\" id=\"t1u_177\">2022 </span><span class=\"S3F56 SC4 S2\" id=\"t1v_177\">2021 </span><span class=\"S3F57 SC5 S2\" id=\"t1w_177\">Net pension cost (before tax) from bene\ufb01t plans - comprehensive income </span><span class=\"S3F58 SC5 S2\" id=\"t1x_177\">-333 </span><span class=\"S3F59 SC5 S2\" id=\"t1y_177\">11 </span><span class=\"S3F5A SC5 S2\" id=\"t1z_177\">Tax effect </span><span class=\"S3F5B SC5 S2\" id=\"t20_177\">83 </span><span class=\"S3F5C SC5 S2\" id=\"t21_177\">-3 </span><span class=\"S3F5D SC4 S2\" id=\"t22_177\">Total pension cost through comprehensive income </span><span class=\"S3F5E SC4 S2\" id=\"t23_177\">-250 </span><span class=\"S3F5F SC4 S2\" id=\"t24_177\">8 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20156": {
   "value": "<span class=\"S3FA0 S18EC S2\" id=\"t1z_178\">NOTE 17 </span><span class=\"S3FA1 S18EC S2\" id=\"t20_178\">Taxation </span><span class=\"S3F63 SC4 S2\" id=\"t1_178\">Tax cost </span><span class=\"S194B SC4 S2\" id=\"t2_178\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_178\">2021 </span><span class=\"S3F64 SC5 S2\" id=\"t4_178\">Tax payable </span><span class=\"S3F65 SC5 S2\" id=\"t5_178\">960 011 </span><span class=\"S3F66 SC5 S2\" id=\"t6_178\">555 057 </span><span class=\"S3F67 SC5 S2\" id=\"t7_178\">Change in deferred tax </span><span class=\"S3F68 SC5 S2\" id=\"t8_178\">-58 182 </span><span class=\"S3F69 SC5 S2\" id=\"t9_178\">195 512 </span><span class=\"S3F6A SC4 S2\" id=\"ta_178\">Total tax cost </span><span class=\"S3F6B SC4 S2\" id=\"tb_178\">901 829 </span><span class=\"S3F6C SC4 S2\" id=\"tc_178\">750 569 </span><span class=\"S3F6D SC5 S2\" id=\"td_178\">Tax on the Group's pre-tax pro\ufb01t deviates from what it would have been if the Group's weighted average tax rate had been applied. </span><span class=\"S3F6E SC5 S2\" id=\"te_178\">The difference is determined as follows: </span><span class=\"S3F6F SC4 S2\" id=\"tf_178\">2022 </span><span class=\"S3F70 SC4 S2\" id=\"tg_178\">2021 </span><span class=\"S3F71 SC4 S2\" id=\"th_178\">Pre-tax pro\ufb01t/loss </span><span class=\"S3F72 SC4 S2\" id=\"ti_178\">4 066 951 </span><span class=\"S3F73 SC4 S2\" id=\"tj_178\">3 531 665 </span><span class=\"S3F74 SC5 S2\" id=\"tk_178\">Tax based on tax rates in the various countries </span><span class=\"S3F75 SC5 S2\" id=\"tl_178\">897 940 </span><span class=\"S3F76 SC5 S2\" id=\"tm_178\">770 631 </span><span class=\"S3F77 SC5 S2\" id=\"tn_178\">22% of share of pro\ufb01t/loss from associate </span><span class=\"S3F78 SC5 S2\" id=\"to_178\">-14 449 </span><span class=\"S3F79 SC5 S2\" id=\"tp_178\">-26 731 </span><span class=\"S3F7A SC5 S2\" id=\"tq_178\">22% of net other permanent differences etc. </span><span class=\"S3F7B SC5 S2\" id=\"tr_178\">9 058 </span><span class=\"S3F7C SC5 S2\" id=\"ts_178\">4 960 </span><span class=\"S3F7D SC5 S2\" id=\"tt_178\">Other differences </span><span class=\"S3F7E SC5 S2\" id=\"tu_178\">9 279 </span><span class=\"S3F7F SC5 S2\" id=\"tv_178\">1 709 </span><span class=\"S3F80 SC4 S2\" id=\"tw_178\">Tax cost </span><span class=\"S3F81 SC4 S2\" id=\"tx_178\">901 829 </span><span class=\"S3F82 SC4 S2\" id=\"ty_178\">750 569 </span><span class=\"S3F83 SC5 S2\" id=\"tz_178\">Effective tax rate </span><span class=\"S3F84 SC5 S2\" id=\"t10_178\">22.2 % </span><span class=\"S3F85 SC5 S2\" id=\"t11_178\">21.3 % </span><span class=\"S3F86 SC4 S2\" id=\"t12_178\">Change in book value of deferred tax </span><span class=\"S3F87 SC4 S2\" id=\"t13_178\">2022 </span><span class=\"S3F88 SC4 S2\" id=\"t14_178\">2021 </span><span class=\"S3F89 SC5 S2\" id=\"t15_178\">Capitalised value 01.01 </span><span class=\"S3F8A SC5 S2\" id=\"t16_178\">2 534 273 </span><span class=\"S3F8B SC5 S2\" id=\"t17_178\">2 302 260 </span><span class=\"S3F8C SC5 S2\" id=\"t18_178\">Business combination </span><span class=\"S3F8D SC5 S2\" id=\"t19_178\">1 390 </span><span class=\"S3F8E SC5 S2\" id=\"t1a_178\">18 800 </span><span class=\"S3F8F SC5 S2\" id=\"t1b_178\">Tax effect through total pro\ufb01t/loss (equity) </span><span class=\"S3F90 SC5 S2\" id=\"t1c_178\">5 941 </span><span class=\"S3F91 SC5 S2\" id=\"t1d_178\">17 701 </span><span class=\"S3F92 SC5 S2\" id=\"t1e_178\">Recognised change </span><span class=\"S3F93 SC5 S2\" id=\"t1f_178\">-58 182 </span><span class=\"S3F94 SC5 S2\" id=\"t1g_178\">195 512 </span><span class=\"S3F95 SC4 S2\" id=\"t1h_178\">Net capitalised value 31.12 </span><span class=\"S3F96 SC4 S2\" id=\"t1i_178\">2 483 422 </span><span class=\"S3F97 SC4 S2\" id=\"t1j_178\">2 534 273 </span><span class=\"S3F98 SC4 S2\" id=\"t1k_178\">Capitalised deferred tax asset * </span><span class=\"S3F99 SC4 S2\" id=\"t1l_178\">-92 865 </span><span class=\"S3F9A SC4 S2\" id=\"t1m_178\">-40 847 </span><span class=\"S3F9B SC4 S2\" id=\"t1n_178\">Capitalised deferred tax </span><span class=\"S3F9C SC4 S2\" id=\"t1o_178\">2 576 287 </span><span class=\"S3F9D SC4 S2\" id=\"t1p_178\">2 575 120 </span><span class=\"S3F9E SAF1 S2\" id=\"t1q_178\">* Negative temporary differences that cannot be eliminated against positive temporary differences. Deferred tax asset is presented as a </span><span class=\"S3F9F SAF1 S2\" id=\"t1r_178\">negative amount. </span><span class=\"S3FA2 SC4 S2\" id=\"t1_179\">Deferred tax liabilities (+) </span><span class=\"S3FA3 SC4 S2\" id=\"t2_179\">Licences and </span><span class=\"S3FA4 SC4 S2\" id=\"t3_179\">rights </span><span class=\"S3FA5 SC4 S2\" id=\"t4_179\">Operating </span><span class=\"S3FA6 SC4 S2\" id=\"t5_179\">assets and </span><span class=\"S3FA7 SC4 S2\" id=\"t6_179\">leases </span><span class=\"S3FA8 SC4 S2\" id=\"t7_179\">Goods/ </span><span class=\"S3FA9 SC4 S2\" id=\"t8_179\">biological </span><span class=\"S3FAA SC4 S2\" id=\"t9_179\">assets </span><span class=\"S3FAB SC4 S2\" id=\"ta_179\">Receivables </span><span class=\"S3FAC SC4 S2\" id=\"tb_179\">Other </span><span class=\"S3FAD SC4 S2\" id=\"tc_179\">differences </span><span class=\"S3FAE SC4 S2\" id=\"td_179\">Total </span><span class=\"S3FAF SC5 S2\" id=\"te_179\">01.01.2021 </span><span class=\"S3FB0 SC5 S2\" id=\"tf_179\">1 111 915 </span><span class=\"S3FB1 SC5 S2\" id=\"tg_179\">134 027 </span><span class=\"S3FB2 SC5 S2\" id=\"th_179\">1 077 086 </span><span class=\"S3FB3 SC5 S2\" id=\"ti_179\">0 </span><span class=\"S3FB4 SC5 S2\" id=\"tj_179\">56 703 </span><span class=\"S3FB5 SC5 S2\" id=\"tk_179\">2 379 731 </span><span class=\"S3FB6 SC5 S2\" id=\"tl_179\">Business combination (22%) </span><span class=\"S3FB7 SC5 S2\" id=\"tm_179\">0 </span><span class=\"S3FB8 SC5 S2\" id=\"tn_179\">18 012 </span><span class=\"S3FB9 SC5 S2\" id=\"to_179\">-1 215 </span><span class=\"S3FBA SC5 S2\" id=\"tp_179\">0 </span><span class=\"S3FBB SC5 S2\" id=\"tq_179\">1 683 </span><span class=\"S3FBC SC5 S2\" id=\"tr_179\">18 480 </span><span class=\"S3FBD SC5 S2\" id=\"ts_179\">Recognised in the period </span><span class=\"S3FBE SC5 S2\" id=\"tt_179\">3 332 </span><span class=\"S3FBF SC5 S2\" id=\"tu_179\">35 195 </span><span class=\"S3FC0 SC5 S2\" id=\"tv_179\">207 507 </span><span class=\"S3FC1 SC5 S2\" id=\"tw_179\">0 </span><span class=\"S3FC2 SC5 S2\" id=\"tx_179\">4 060 </span><span class=\"S3FC3 SC5 S2\" id=\"ty_179\">250 094 </span><span class=\"S3FC4 SC5 S2\" id=\"tz_179\">Currency translation differences </span><span class=\"S3FC5 SC5 S2\" id=\"t10_179\">0 </span><span class=\"S3FC6 SC5 S2\" id=\"t11_179\">0 </span><span class=\"S3FC7 SC5 S2\" id=\"t12_179\">0 </span><span class=\"S3FC8 SC5 S2\" id=\"t13_179\">0 </span><span class=\"S3FC9 SC5 S2\" id=\"t14_179\">320 </span><span class=\"S3FCA SC5 S2\" id=\"t15_179\">320 </span><span class=\"S3FCB SC4 S2\" id=\"t16_179\">31.12.2021 </span><span class=\"S3FCC SC4 S2\" id=\"t17_179\">1 115 247 </span><span class=\"S3FCD SC4 S2\" id=\"t18_179\">187 234 </span><span class=\"S3FCE SC4 S2\" id=\"t19_179\">1 283 378 </span><span class=\"S3FCF SC4 S2\" id=\"t1a_179\">0 </span><span class=\"S3FD0 SC4 S2\" id=\"t1b_179\">62 766 </span><span class=\"S3FD1 SC4 S2\" id=\"t1c_179\">2 648 625 </span><span class=\"S3FD2 SC5 S2\" id=\"t1d_179\">Business combination (22%) </span><span class=\"S3FD3 SC5 S2\" id=\"t1e_179\">1 390 </span><span class=\"S3FD4 SC5 S2\" id=\"t1f_179\">0 </span><span class=\"S3FD5 SC5 S2\" id=\"t1g_179\">0 </span><span class=\"S3FD6 SC5 S2\" id=\"t1h_179\">0 </span><span class=\"S3FD7 SC5 S2\" id=\"t1i_179\">0 </span><span class=\"S3FD8 SC5 S2\" id=\"t1j_179\">1 390 </span><span class=\"S3FD9 SC5 S2\" id=\"t1k_179\">Recognised in the period </span><span class=\"S3FDA SC5 S2\" id=\"t1l_179\">-59 263 </span><span class=\"S3FDB SC5 S2\" id=\"t1m_179\">-4 375 </span><span class=\"S3FDC SC5 S2\" id=\"t1n_179\">27 188 </span><span class=\"S3FDD SC5 S2\" id=\"t1o_179\">0 </span><span class=\"S3FDE SC5 S2\" id=\"t1p_179\">36 275 </span><span class=\"S3FDF SC5 S2\" id=\"t1q_179\">-175 </span><span class=\"S3FE0 SC5 S2\" id=\"t1r_179\">Deferred tax on records through other </span><span class=\"S3FE1 SC5 S2\" id=\"t1s_179\">comprehensive income </span><span class=\"S3FE2 SC5 S2\" id=\"t1t_179\">0 </span><span class=\"S3FE3 SC5 S2\" id=\"t1u_179\">0 </span><span class=\"S3FE4 SC5 S2\" id=\"t1v_179\">0 </span><span class=\"S3FE5 SC5 S2\" id=\"t1w_179\">0 </span><span class=\"S3FE6 SC5 S2\" id=\"t1x_179\">5 941 </span><span class=\"S3FE7 SC5 S2\" id=\"t1y_179\">5 941 </span><span class=\"S3FE8 SC4 S2\" id=\"t1z_179\">31.12.2022 </span><span class=\"S3FE9 SC4 S2\" id=\"t20_179\">1 057 374 </span><span class=\"S3FEA SC4 S2\" id=\"t21_179\">182 859 </span><span class=\"S3FEB SC4 S2\" id=\"t22_179\">1 310 566 </span><span class=\"S3FEC SC4 S2\" id=\"t23_179\">0 </span><span class=\"S3FED SC4 S2\" id=\"t24_179\">104 982 </span><span class=\"S3FEE SC4 S2\" id=\"t25_179\">2 655 781 </span><span class=\"S3FEF SC4 S2\" id=\"t26_179\">Deferred tax assets (-) </span><span class=\"S3FF0 SC4 S2\" id=\"t27_179\">Loss </span><span class=\"S3FF1 SC4 S2\" id=\"t28_179\">carryforward </span><span class=\"S3FF2 SC4 S2\" id=\"t29_179\">Operating </span><span class=\"S3FF3 SC4 S2\" id=\"t2a_179\">assets and </span><span class=\"S3FF4 SC4 S2\" id=\"t2b_179\">leases </span><span class=\"S3FF5 SC4 S2\" id=\"t2c_179\">Goods/ </span><span class=\"S3FF6 SC4 S2\" id=\"t2d_179\">biological </span><span class=\"S3FF7 SC4 S2\" id=\"t2e_179\">assets </span><span class=\"S3FF8 SC4 S2\" id=\"t2f_179\">Receivables </span><span class=\"S3FF9 SC4 S2\" id=\"t2g_179\">Other </span><span class=\"S3FFA SC4 S2\" id=\"t2h_179\">differences </span><span class=\"S3FFB SC4 S2\" id=\"t2i_179\">Total </span><span class=\"S3FFC SC5 S2\" id=\"t2j_179\">01.01.2021 </span><span class=\"S3FFD SC5 S2\" id=\"t2k_179\">-43 846 </span><span class=\"S3FFE SC5 S2\" id=\"t2l_179\">-8 152 </span><span class=\"S3FFF SC5 S2\" id=\"t2m_179\">0 </span><span class=\"S4000 SC5 S2\" id=\"t2n_179\">-11 054 </span><span class=\"S4001 SC5 S2\" id=\"t2o_179\">-14 419 </span><span class=\"S4002 SC5 S2\" id=\"t2p_179\">-77 471 </span><span class=\"S4003 SC5 S2\" id=\"t2q_179\">Recognised in the period </span><span class=\"S4004 SC5 S2\" id=\"t2r_179\">27 197 </span><span class=\"S4005 SC5 S2\" id=\"t2s_179\">-3 040 </span><span class=\"S4006 SC5 S2\" id=\"t2t_179\">0 </span><span class=\"S4007 SC5 S2\" id=\"t2u_179\">7 335 </span><span class=\"S4008 SC5 S2\" id=\"t2v_179\">-86 074 </span><span class=\"S4009 SC5 S2\" id=\"t2w_179\">-54 582 </span><span class=\"S400A SC5 S2\" id=\"t2x_179\">Deferred tax on records through other </span><span class=\"S400B SC5 S2\" id=\"t2y_179\">comprehensive income </span><span class=\"S400C SC5 S2\" id=\"t2z_179\">0 </span><span class=\"S400D SC5 S2\" id=\"t30_179\">0 </span><span class=\"S400E SC5 S2\" id=\"t31_179\">0 </span><span class=\"S400F SC5 S2\" id=\"t32_179\">0 </span><span class=\"S4010 SC5 S2\" id=\"t33_179\">17 701 </span><span class=\"S4011 SC5 S2\" id=\"t34_179\">17 701 </span><span class=\"S4012 SC4 S2\" id=\"t35_179\">31.12.2021 </span><span class=\"S4013 SC4 S2\" id=\"t36_179\">-16 649 </span><span class=\"S4014 SC4 S2\" id=\"t37_179\">-11 192 </span><span class=\"S4015 SC4 S2\" id=\"t38_179\">0 </span><span class=\"S4016 SC4 S2\" id=\"t39_179\">-3 719 </span><span class=\"S4017 SC4 S2\" id=\"t3a_179\">-82 792 </span><span class=\"S4018 SC4 S2\" id=\"t3b_179\">-114 352 </span><span class=\"S4019 SC5 S2\" id=\"t3c_179\">Recognised in the period </span><span class=\"S401A SC5 S2\" id=\"t3d_179\">-84 391 </span><span class=\"S401B SC5 S2\" id=\"t3e_179\">-6 540 </span><span class=\"S401C SC5 S2\" id=\"t3f_179\">0 </span><span class=\"S401D SC5 S2\" id=\"t3g_179\">-1 097 </span><span class=\"S401E SC5 S2\" id=\"t3h_179\">34 020 </span><span class=\"S401F SC5 S2\" id=\"t3i_179\">-58 008 </span><span class=\"S4020 SC4 S2\" id=\"t3j_179\">31.12.2022 </span><span class=\"S4021 SC4 S2\" id=\"t3k_179\">-101 040 </span><span class=\"S4022 SC4 S2\" id=\"t3l_179\">-17 732 </span><span class=\"S4023 SC4 S2\" id=\"t3m_179\">0 </span><span class=\"S4024 SC4 S2\" id=\"t3n_179\">-4 816 </span><span class=\"S4025 SC4 S2\" id=\"t3o_179\">-48 772 </span><span class=\"S4026 SC4 S2\" id=\"t3p_179\">-172 360 </span><span class=\"S4027 SC4 S2\" id=\"t3q_179\">Deferred tax </span><span class=\"S4028 SC4 S2\" id=\"t3r_179\">31.12.2022 </span><span class=\"S4029 SC4 S2\" id=\"t3s_179\">31.12.2021 </span><span class=\"S402A SC5 S2\" id=\"t3t_179\">Deferred tax on positive temporary differences 31.12 </span><span class=\"S402B SC5 S2\" id=\"t3u_179\">2 655 782 </span><span class=\"S402C SC5 S2\" id=\"t3v_179\">2 648 625 </span><span class=\"S402D SC5 S2\" id=\"t3w_179\">Deferred tax on negative temporary differences 31.12 </span><span class=\"S402E SC5 S2\" id=\"t3x_179\">-172 360 </span><span class=\"S402F SC5 S2\" id=\"t3y_179\">-114 352 </span><span class=\"S4030 SC4 S2\" id=\"t3z_179\">Net </span><span class=\"S4031 SC4 S2\" id=\"t40_179\">2 483 422 </span><span class=\"S4032 SC4 S2\" id=\"t41_179\">2 534 273 </span><span class=\"S4033 SC8 S2\" id=\"t42_179\">Capitalised deferred tax assets derive </span><span class=\"S4034 SC8 S2\" id=\"t43_179\">mainly from loss carry forwards in </span><span class=\"S4035 SC8 S2\" id=\"t44_179\">foreign entities where the loss is </span><span class=\"S4036 SC8 S2\" id=\"t45_179\">expected to be able to be utilised </span><span class=\"S4037 SC8 S2\" id=\"t46_179\">within a reasonable time. The </span><span class=\"S4038 SC8 S2\" id=\"t47_179\">applicable tax rates vary from 21% to </span><span class=\"S4039 SC8 S2\" id=\"t48_179\">44%. Capitalised deferred tax liabilities </span><span class=\"S403A SC8 S2\" id=\"t49_179\">derive mainly from Norwegian entities, </span><span class=\"S403B SC8 S2\" id=\"t4a_179\">where a rate of 22% has been applied. </span><span class=\"S403C SC8 S2\" id=\"t4b_179\">The Norwegian government has </span><span class=\"S403D SC8 S2\" id=\"t4c_179\">proposed introducing a resource rent </span><span class=\"S403E SC8 S2\" id=\"t4d_179\">tax of 35%, on top of ordinary tax, on the </span><span class=\"S403F SC8 S2\" id=\"t4e_179\">Norwegian aquaculture operations in </span><span class=\"S4040 SC8 S2\" id=\"t4f_179\">sea. As of today\u2019s date, the proposal </span><span class=\"S4041 SC8 S2\" id=\"t4g_179\">has not been passed. It is expected </span><span class=\"S4042 SC8 S2\" id=\"t4h_179\">to be passed before the summer, but </span><span class=\"S4043 SC8 S2\" id=\"t4i_179\">the \ufb01nal rules are unclear. The \ufb01nal </span><span class=\"S4044 SC8 S2\" id=\"t4j_179\">rules could affect the allocation </span><span class=\"S4045 SC8 S2\" id=\"t4k_179\">between deferred tax and tax payable </span><span class=\"S4046 SC8 S2\" id=\"t4l_179\">as of 31 December 2022, in the Group`s </span><span class=\"S4047 SC8 S2\" id=\"t4m_179\">Norwegian tax entities with </span><span class=\"S4048 SC8 S2\" id=\"t4n_179\">aquaculture operations in sea. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20157": {
   "value": "<span class=\"S3FA0 S18EC S2\" id=\"t1z_178\">NOTE 17 </span><span class=\"S3FA1 S18EC S2\" id=\"t20_178\">Taxation </span><span class=\"S3F63 SC4 S2\" id=\"t1_178\">Tax cost </span><span class=\"S194B SC4 S2\" id=\"t2_178\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_178\">2021 </span><span class=\"S3F64 SC5 S2\" id=\"t4_178\">Tax payable </span><span class=\"S3F65 SC5 S2\" id=\"t5_178\">960 011 </span><span class=\"S3F66 SC5 S2\" id=\"t6_178\">555 057 </span><span class=\"S3F67 SC5 S2\" id=\"t7_178\">Change in deferred tax </span><span class=\"S3F68 SC5 S2\" id=\"t8_178\">-58 182 </span><span class=\"S3F69 SC5 S2\" id=\"t9_178\">195 512 </span><span class=\"S3F6A SC4 S2\" id=\"ta_178\">Total tax cost </span><span class=\"S3F6B SC4 S2\" id=\"tb_178\">901 829 </span><span class=\"S3F6C SC4 S2\" id=\"tc_178\">750 569 </span><span class=\"S3F6D SC5 S2\" id=\"td_178\">Tax on the Group's pre-tax pro\ufb01t deviates from what it would have been if the Group's weighted average tax rate had been applied. </span><span class=\"S3F6E SC5 S2\" id=\"te_178\">The difference is determined as follows: </span><span class=\"S3F6F SC4 S2\" id=\"tf_178\">2022 </span><span class=\"S3F70 SC4 S2\" id=\"tg_178\">2021 </span><span class=\"S3F71 SC4 S2\" id=\"th_178\">Pre-tax pro\ufb01t/loss </span><span class=\"S3F72 SC4 S2\" id=\"ti_178\">4 066 951 </span><span class=\"S3F73 SC4 S2\" id=\"tj_178\">3 531 665 </span><span class=\"S3F74 SC5 S2\" id=\"tk_178\">Tax based on tax rates in the various countries </span><span class=\"S3F75 SC5 S2\" id=\"tl_178\">897 940 </span><span class=\"S3F76 SC5 S2\" id=\"tm_178\">770 631 </span><span class=\"S3F77 SC5 S2\" id=\"tn_178\">22% of share of pro\ufb01t/loss from associate </span><span class=\"S3F78 SC5 S2\" id=\"to_178\">-14 449 </span><span class=\"S3F79 SC5 S2\" id=\"tp_178\">-26 731 </span><span class=\"S3F7A SC5 S2\" id=\"tq_178\">22% of net other permanent differences etc. </span><span class=\"S3F7B SC5 S2\" id=\"tr_178\">9 058 </span><span class=\"S3F7C SC5 S2\" id=\"ts_178\">4 960 </span><span class=\"S3F7D SC5 S2\" id=\"tt_178\">Other differences </span><span class=\"S3F7E SC5 S2\" id=\"tu_178\">9 279 </span><span class=\"S3F7F SC5 S2\" id=\"tv_178\">1 709 </span><span class=\"S3F80 SC4 S2\" id=\"tw_178\">Tax cost </span><span class=\"S3F81 SC4 S2\" id=\"tx_178\">901 829 </span><span class=\"S3F82 SC4 S2\" id=\"ty_178\">750 569 </span><span class=\"S3F83 SC5 S2\" id=\"tz_178\">Effective tax rate </span><span class=\"S3F84 SC5 S2\" id=\"t10_178\">22.2 % </span><span class=\"S3F85 SC5 S2\" id=\"t11_178\">21.3 % </span><span class=\"S3F86 SC4 S2\" id=\"t12_178\">Change in book value of deferred tax </span><span class=\"S3F87 SC4 S2\" id=\"t13_178\">2022 </span><span class=\"S3F88 SC4 S2\" id=\"t14_178\">2021 </span><span class=\"S3F89 SC5 S2\" id=\"t15_178\">Capitalised value 01.01 </span><span class=\"S3F8A SC5 S2\" id=\"t16_178\">2 534 273 </span><span class=\"S3F8B SC5 S2\" id=\"t17_178\">2 302 260 </span><span class=\"S3F8C SC5 S2\" id=\"t18_178\">Business combination </span><span class=\"S3F8D SC5 S2\" id=\"t19_178\">1 390 </span><span class=\"S3F8E SC5 S2\" id=\"t1a_178\">18 800 </span><span class=\"S3F8F SC5 S2\" id=\"t1b_178\">Tax effect through total pro\ufb01t/loss (equity) </span><span class=\"S3F90 SC5 S2\" id=\"t1c_178\">5 941 </span><span class=\"S3F91 SC5 S2\" id=\"t1d_178\">17 701 </span><span class=\"S3F92 SC5 S2\" id=\"t1e_178\">Recognised change </span><span class=\"S3F93 SC5 S2\" id=\"t1f_178\">-58 182 </span><span class=\"S3F94 SC5 S2\" id=\"t1g_178\">195 512 </span><span class=\"S3F95 SC4 S2\" id=\"t1h_178\">Net capitalised value 31.12 </span><span class=\"S3F96 SC4 S2\" id=\"t1i_178\">2 483 422 </span><span class=\"S3F97 SC4 S2\" id=\"t1j_178\">2 534 273 </span><span class=\"S3F98 SC4 S2\" id=\"t1k_178\">Capitalised deferred tax asset * </span><span class=\"S3F99 SC4 S2\" id=\"t1l_178\">-92 865 </span><span class=\"S3F9A SC4 S2\" id=\"t1m_178\">-40 847 </span><span class=\"S3F9B SC4 S2\" id=\"t1n_178\">Capitalised deferred tax </span><span class=\"S3F9C SC4 S2\" id=\"t1o_178\">2 576 287 </span><span class=\"S3F9D SC4 S2\" id=\"t1p_178\">2 575 120 </span><span class=\"S3F9E SAF1 S2\" id=\"t1q_178\">* Negative temporary differences that cannot be eliminated against positive temporary differences. Deferred tax asset is presented as a </span><span class=\"S3F9F SAF1 S2\" id=\"t1r_178\">negative amount. </span><span class=\"S3FA2 SC4 S2\" id=\"t1_179\">Deferred tax liabilities (+) </span><span class=\"S3FA3 SC4 S2\" id=\"t2_179\">Licences and </span><span class=\"S3FA4 SC4 S2\" id=\"t3_179\">rights </span><span class=\"S3FA5 SC4 S2\" id=\"t4_179\">Operating </span><span class=\"S3FA6 SC4 S2\" id=\"t5_179\">assets and </span><span class=\"S3FA7 SC4 S2\" id=\"t6_179\">leases </span><span class=\"S3FA8 SC4 S2\" id=\"t7_179\">Goods/ </span><span class=\"S3FA9 SC4 S2\" id=\"t8_179\">biological </span><span class=\"S3FAA SC4 S2\" id=\"t9_179\">assets </span><span class=\"S3FAB SC4 S2\" id=\"ta_179\">Receivables </span><span class=\"S3FAC SC4 S2\" id=\"tb_179\">Other </span><span class=\"S3FAD SC4 S2\" id=\"tc_179\">differences </span><span class=\"S3FAE SC4 S2\" id=\"td_179\">Total </span><span class=\"S3FAF SC5 S2\" id=\"te_179\">01.01.2021 </span><span class=\"S3FB0 SC5 S2\" id=\"tf_179\">1 111 915 </span><span class=\"S3FB1 SC5 S2\" id=\"tg_179\">134 027 </span><span class=\"S3FB2 SC5 S2\" id=\"th_179\">1 077 086 </span><span class=\"S3FB3 SC5 S2\" id=\"ti_179\">0 </span><span class=\"S3FB4 SC5 S2\" id=\"tj_179\">56 703 </span><span class=\"S3FB5 SC5 S2\" id=\"tk_179\">2 379 731 </span><span class=\"S3FB6 SC5 S2\" id=\"tl_179\">Business combination (22%) </span><span class=\"S3FB7 SC5 S2\" id=\"tm_179\">0 </span><span class=\"S3FB8 SC5 S2\" id=\"tn_179\">18 012 </span><span class=\"S3FB9 SC5 S2\" id=\"to_179\">-1 215 </span><span class=\"S3FBA SC5 S2\" id=\"tp_179\">0 </span><span class=\"S3FBB SC5 S2\" id=\"tq_179\">1 683 </span><span class=\"S3FBC SC5 S2\" id=\"tr_179\">18 480 </span><span class=\"S3FBD SC5 S2\" id=\"ts_179\">Recognised in the period </span><span class=\"S3FBE SC5 S2\" id=\"tt_179\">3 332 </span><span class=\"S3FBF SC5 S2\" id=\"tu_179\">35 195 </span><span class=\"S3FC0 SC5 S2\" id=\"tv_179\">207 507 </span><span class=\"S3FC1 SC5 S2\" id=\"tw_179\">0 </span><span class=\"S3FC2 SC5 S2\" id=\"tx_179\">4 060 </span><span class=\"S3FC3 SC5 S2\" id=\"ty_179\">250 094 </span><span class=\"S3FC4 SC5 S2\" id=\"tz_179\">Currency translation differences </span><span class=\"S3FC5 SC5 S2\" id=\"t10_179\">0 </span><span class=\"S3FC6 SC5 S2\" id=\"t11_179\">0 </span><span class=\"S3FC7 SC5 S2\" id=\"t12_179\">0 </span><span class=\"S3FC8 SC5 S2\" id=\"t13_179\">0 </span><span class=\"S3FC9 SC5 S2\" id=\"t14_179\">320 </span><span class=\"S3FCA SC5 S2\" id=\"t15_179\">320 </span><span class=\"S3FCB SC4 S2\" id=\"t16_179\">31.12.2021 </span><span class=\"S3FCC SC4 S2\" id=\"t17_179\">1 115 247 </span><span class=\"S3FCD SC4 S2\" id=\"t18_179\">187 234 </span><span class=\"S3FCE SC4 S2\" id=\"t19_179\">1 283 378 </span><span class=\"S3FCF SC4 S2\" id=\"t1a_179\">0 </span><span class=\"S3FD0 SC4 S2\" id=\"t1b_179\">62 766 </span><span class=\"S3FD1 SC4 S2\" id=\"t1c_179\">2 648 625 </span><span class=\"S3FD2 SC5 S2\" id=\"t1d_179\">Business combination (22%) </span><span class=\"S3FD3 SC5 S2\" id=\"t1e_179\">1 390 </span><span class=\"S3FD4 SC5 S2\" id=\"t1f_179\">0 </span><span class=\"S3FD5 SC5 S2\" id=\"t1g_179\">0 </span><span class=\"S3FD6 SC5 S2\" id=\"t1h_179\">0 </span><span class=\"S3FD7 SC5 S2\" id=\"t1i_179\">0 </span><span class=\"S3FD8 SC5 S2\" id=\"t1j_179\">1 390 </span><span class=\"S3FD9 SC5 S2\" id=\"t1k_179\">Recognised in the period </span><span class=\"S3FDA SC5 S2\" id=\"t1l_179\">-59 263 </span><span class=\"S3FDB SC5 S2\" id=\"t1m_179\">-4 375 </span><span class=\"S3FDC SC5 S2\" id=\"t1n_179\">27 188 </span><span class=\"S3FDD SC5 S2\" id=\"t1o_179\">0 </span><span class=\"S3FDE SC5 S2\" id=\"t1p_179\">36 275 </span><span class=\"S3FDF SC5 S2\" id=\"t1q_179\">-175 </span><span class=\"S3FE0 SC5 S2\" id=\"t1r_179\">Deferred tax on records through other </span><span class=\"S3FE1 SC5 S2\" id=\"t1s_179\">comprehensive income </span><span class=\"S3FE2 SC5 S2\" id=\"t1t_179\">0 </span><span class=\"S3FE3 SC5 S2\" id=\"t1u_179\">0 </span><span class=\"S3FE4 SC5 S2\" id=\"t1v_179\">0 </span><span class=\"S3FE5 SC5 S2\" id=\"t1w_179\">0 </span><span class=\"S3FE6 SC5 S2\" id=\"t1x_179\">5 941 </span><span class=\"S3FE7 SC5 S2\" id=\"t1y_179\">5 941 </span><span class=\"S3FE8 SC4 S2\" id=\"t1z_179\">31.12.2022 </span><span class=\"S3FE9 SC4 S2\" id=\"t20_179\">1 057 374 </span><span class=\"S3FEA SC4 S2\" id=\"t21_179\">182 859 </span><span class=\"S3FEB SC4 S2\" id=\"t22_179\">1 310 566 </span><span class=\"S3FEC SC4 S2\" id=\"t23_179\">0 </span><span class=\"S3FED SC4 S2\" id=\"t24_179\">104 982 </span><span class=\"S3FEE SC4 S2\" id=\"t25_179\">2 655 781 </span><span class=\"S3FEF SC4 S2\" id=\"t26_179\">Deferred tax assets (-) </span><span class=\"S3FF0 SC4 S2\" id=\"t27_179\">Loss </span><span class=\"S3FF1 SC4 S2\" id=\"t28_179\">carryforward </span><span class=\"S3FF2 SC4 S2\" id=\"t29_179\">Operating </span><span class=\"S3FF3 SC4 S2\" id=\"t2a_179\">assets and </span><span class=\"S3FF4 SC4 S2\" id=\"t2b_179\">leases </span><span class=\"S3FF5 SC4 S2\" id=\"t2c_179\">Goods/ </span><span class=\"S3FF6 SC4 S2\" id=\"t2d_179\">biological </span><span class=\"S3FF7 SC4 S2\" id=\"t2e_179\">assets </span><span class=\"S3FF8 SC4 S2\" id=\"t2f_179\">Receivables </span><span class=\"S3FF9 SC4 S2\" id=\"t2g_179\">Other </span><span class=\"S3FFA SC4 S2\" id=\"t2h_179\">differences </span><span class=\"S3FFB SC4 S2\" id=\"t2i_179\">Total </span><span class=\"S3FFC SC5 S2\" id=\"t2j_179\">01.01.2021 </span><span class=\"S3FFD SC5 S2\" id=\"t2k_179\">-43 846 </span><span class=\"S3FFE SC5 S2\" id=\"t2l_179\">-8 152 </span><span class=\"S3FFF SC5 S2\" id=\"t2m_179\">0 </span><span class=\"S4000 SC5 S2\" id=\"t2n_179\">-11 054 </span><span class=\"S4001 SC5 S2\" id=\"t2o_179\">-14 419 </span><span class=\"S4002 SC5 S2\" id=\"t2p_179\">-77 471 </span><span class=\"S4003 SC5 S2\" id=\"t2q_179\">Recognised in the period </span><span class=\"S4004 SC5 S2\" id=\"t2r_179\">27 197 </span><span class=\"S4005 SC5 S2\" id=\"t2s_179\">-3 040 </span><span class=\"S4006 SC5 S2\" id=\"t2t_179\">0 </span><span class=\"S4007 SC5 S2\" id=\"t2u_179\">7 335 </span><span class=\"S4008 SC5 S2\" id=\"t2v_179\">-86 074 </span><span class=\"S4009 SC5 S2\" id=\"t2w_179\">-54 582 </span><span class=\"S400A SC5 S2\" id=\"t2x_179\">Deferred tax on records through other </span><span class=\"S400B SC5 S2\" id=\"t2y_179\">comprehensive income </span><span class=\"S400C SC5 S2\" id=\"t2z_179\">0 </span><span class=\"S400D SC5 S2\" id=\"t30_179\">0 </span><span class=\"S400E SC5 S2\" id=\"t31_179\">0 </span><span class=\"S400F SC5 S2\" id=\"t32_179\">0 </span><span class=\"S4010 SC5 S2\" id=\"t33_179\">17 701 </span><span class=\"S4011 SC5 S2\" id=\"t34_179\">17 701 </span><span class=\"S4012 SC4 S2\" id=\"t35_179\">31.12.2021 </span><span class=\"S4013 SC4 S2\" id=\"t36_179\">-16 649 </span><span class=\"S4014 SC4 S2\" id=\"t37_179\">-11 192 </span><span class=\"S4015 SC4 S2\" id=\"t38_179\">0 </span><span class=\"S4016 SC4 S2\" id=\"t39_179\">-3 719 </span><span class=\"S4017 SC4 S2\" id=\"t3a_179\">-82 792 </span><span class=\"S4018 SC4 S2\" id=\"t3b_179\">-114 352 </span><span class=\"S4019 SC5 S2\" id=\"t3c_179\">Recognised in the period </span><span class=\"S401A SC5 S2\" id=\"t3d_179\">-84 391 </span><span class=\"S401B SC5 S2\" id=\"t3e_179\">-6 540 </span><span class=\"S401C SC5 S2\" id=\"t3f_179\">0 </span><span class=\"S401D SC5 S2\" id=\"t3g_179\">-1 097 </span><span class=\"S401E SC5 S2\" id=\"t3h_179\">34 020 </span><span class=\"S401F SC5 S2\" id=\"t3i_179\">-58 008 </span><span class=\"S4020 SC4 S2\" id=\"t3j_179\">31.12.2022 </span><span class=\"S4021 SC4 S2\" id=\"t3k_179\">-101 040 </span><span class=\"S4022 SC4 S2\" id=\"t3l_179\">-17 732 </span><span class=\"S4023 SC4 S2\" id=\"t3m_179\">0 </span><span class=\"S4024 SC4 S2\" id=\"t3n_179\">-4 816 </span><span class=\"S4025 SC4 S2\" id=\"t3o_179\">-48 772 </span><span class=\"S4026 SC4 S2\" id=\"t3p_179\">-172 360 </span><span class=\"S4027 SC4 S2\" id=\"t3q_179\">Deferred tax </span><span class=\"S4028 SC4 S2\" id=\"t3r_179\">31.12.2022 </span><span class=\"S4029 SC4 S2\" id=\"t3s_179\">31.12.2021 </span><span class=\"S402A SC5 S2\" id=\"t3t_179\">Deferred tax on positive temporary differences 31.12 </span><span class=\"S402B SC5 S2\" id=\"t3u_179\">2 655 782 </span><span class=\"S402C SC5 S2\" id=\"t3v_179\">2 648 625 </span><span class=\"S402D SC5 S2\" id=\"t3w_179\">Deferred tax on negative temporary differences 31.12 </span><span class=\"S402E SC5 S2\" id=\"t3x_179\">-172 360 </span><span class=\"S402F SC5 S2\" id=\"t3y_179\">-114 352 </span><span class=\"S4030 SC4 S2\" id=\"t3z_179\">Net </span><span class=\"S4031 SC4 S2\" id=\"t40_179\">2 483 422 </span><span class=\"S4032 SC4 S2\" id=\"t41_179\">2 534 273 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20158": {
   "value": "<span class=\"S3FA0 S18EC S2\" id=\"t1z_178\">NOTE 17 </span><span class=\"S3FA1 S18EC S2\" id=\"t20_178\">Taxation </span><span class=\"S3F63 SC4 S2\" id=\"t1_178\">Tax cost </span><span class=\"S194B SC4 S2\" id=\"t2_178\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_178\">2021 </span><span class=\"S3F64 SC5 S2\" id=\"t4_178\">Tax payable </span><span class=\"S3F65 SC5 S2\" id=\"t5_178\">960 011 </span><span class=\"S3F66 SC5 S2\" id=\"t6_178\">555 057 </span><span class=\"S3F67 SC5 S2\" id=\"t7_178\">Change in deferred tax </span><span class=\"S3F68 SC5 S2\" id=\"t8_178\">-58 182 </span><span class=\"S3F69 SC5 S2\" id=\"t9_178\">195 512 </span><span class=\"S3F6A SC4 S2\" id=\"ta_178\">Total tax cost </span><span class=\"S3F6B SC4 S2\" id=\"tb_178\">901 829 </span><span class=\"S3F6C SC4 S2\" id=\"tc_178\">750 569 </span><span class=\"S3F6D SC5 S2\" id=\"td_178\">Tax on the Group's pre-tax pro\ufb01t deviates from what it would have been if the Group's weighted average tax rate had been applied. </span><span class=\"S3F6E SC5 S2\" id=\"te_178\">The difference is determined as follows: </span><span class=\"S3F6F SC4 S2\" id=\"tf_178\">2022 </span><span class=\"S3F70 SC4 S2\" id=\"tg_178\">2021 </span><span class=\"S3F71 SC4 S2\" id=\"th_178\">Pre-tax pro\ufb01t/loss </span><span class=\"S3F72 SC4 S2\" id=\"ti_178\">4 066 951 </span><span class=\"S3F73 SC4 S2\" id=\"tj_178\">3 531 665 </span><span class=\"S3F74 SC5 S2\" id=\"tk_178\">Tax based on tax rates in the various countries </span><span class=\"S3F75 SC5 S2\" id=\"tl_178\">897 940 </span><span class=\"S3F76 SC5 S2\" id=\"tm_178\">770 631 </span><span class=\"S3F77 SC5 S2\" id=\"tn_178\">22% of share of pro\ufb01t/loss from associate </span><span class=\"S3F78 SC5 S2\" id=\"to_178\">-14 449 </span><span class=\"S3F79 SC5 S2\" id=\"tp_178\">-26 731 </span><span class=\"S3F7A SC5 S2\" id=\"tq_178\">22% of net other permanent differences etc. </span><span class=\"S3F7B SC5 S2\" id=\"tr_178\">9 058 </span><span class=\"S3F7C SC5 S2\" id=\"ts_178\">4 960 </span><span class=\"S3F7D SC5 S2\" id=\"tt_178\">Other differences </span><span class=\"S3F7E SC5 S2\" id=\"tu_178\">9 279 </span><span class=\"S3F7F SC5 S2\" id=\"tv_178\">1 709 </span><span class=\"S3F80 SC4 S2\" id=\"tw_178\">Tax cost </span><span class=\"S3F81 SC4 S2\" id=\"tx_178\">901 829 </span><span class=\"S3F82 SC4 S2\" id=\"ty_178\">750 569 </span><span class=\"S3F83 SC5 S2\" id=\"tz_178\">Effective tax rate </span><span class=\"S3F84 SC5 S2\" id=\"t10_178\">22.2 % </span><span class=\"S3F85 SC5 S2\" id=\"t11_178\">21.3 % </span><span class=\"S3F86 SC4 S2\" id=\"t12_178\">Change in book value of deferred tax </span><span class=\"S3F87 SC4 S2\" id=\"t13_178\">2022 </span><span class=\"S3F88 SC4 S2\" id=\"t14_178\">2021 </span><span class=\"S3F89 SC5 S2\" id=\"t15_178\">Capitalised value 01.01 </span><span class=\"S3F8A SC5 S2\" id=\"t16_178\">2 534 273 </span><span class=\"S3F8B SC5 S2\" id=\"t17_178\">2 302 260 </span><span class=\"S3F8C SC5 S2\" id=\"t18_178\">Business combination </span><span class=\"S3F8D SC5 S2\" id=\"t19_178\">1 390 </span><span class=\"S3F8E SC5 S2\" id=\"t1a_178\">18 800 </span><span class=\"S3F8F SC5 S2\" id=\"t1b_178\">Tax effect through total pro\ufb01t/loss (equity) </span><span class=\"S3F90 SC5 S2\" id=\"t1c_178\">5 941 </span><span class=\"S3F91 SC5 S2\" id=\"t1d_178\">17 701 </span><span class=\"S3F92 SC5 S2\" id=\"t1e_178\">Recognised change </span><span class=\"S3F93 SC5 S2\" id=\"t1f_178\">-58 182 </span><span class=\"S3F94 SC5 S2\" id=\"t1g_178\">195 512 </span><span class=\"S3F95 SC4 S2\" id=\"t1h_178\">Net capitalised value 31.12 </span><span class=\"S3F96 SC4 S2\" id=\"t1i_178\">2 483 422 </span><span class=\"S3F97 SC4 S2\" id=\"t1j_178\">2 534 273 </span><span class=\"S3F98 SC4 S2\" id=\"t1k_178\">Capitalised deferred tax asset * </span><span class=\"S3F99 SC4 S2\" id=\"t1l_178\">-92 865 </span><span class=\"S3F9A SC4 S2\" id=\"t1m_178\">-40 847 </span><span class=\"S3F9B SC4 S2\" id=\"t1n_178\">Capitalised deferred tax </span><span class=\"S3F9C SC4 S2\" id=\"t1o_178\">2 576 287 </span><span class=\"S3F9D SC4 S2\" id=\"t1p_178\">2 575 120 </span><span class=\"S3F9E SAF1 S2\" id=\"t1q_178\">* Negative temporary differences that cannot be eliminated against positive temporary differences. Deferred tax asset is presented as a </span><span class=\"S3F9F SAF1 S2\" id=\"t1r_178\">negative amount. </span><span class=\"S3FA2 SC4 S2\" id=\"t1_179\">Deferred tax liabilities (+) </span><span class=\"S3FA3 SC4 S2\" id=\"t2_179\">Licences and </span><span class=\"S3FA4 SC4 S2\" id=\"t3_179\">rights </span><span class=\"S3FA5 SC4 S2\" id=\"t4_179\">Operating </span><span class=\"S3FA6 SC4 S2\" id=\"t5_179\">assets and </span><span class=\"S3FA7 SC4 S2\" id=\"t6_179\">leases </span><span class=\"S3FA8 SC4 S2\" id=\"t7_179\">Goods/ </span><span class=\"S3FA9 SC4 S2\" id=\"t8_179\">biological </span><span class=\"S3FAA SC4 S2\" id=\"t9_179\">assets </span><span class=\"S3FAB SC4 S2\" id=\"ta_179\">Receivables </span><span class=\"S3FAC SC4 S2\" id=\"tb_179\">Other </span><span class=\"S3FAD SC4 S2\" id=\"tc_179\">differences </span><span class=\"S3FAE SC4 S2\" id=\"td_179\">Total </span><span class=\"S3FAF SC5 S2\" id=\"te_179\">01.01.2021 </span><span class=\"S3FB0 SC5 S2\" id=\"tf_179\">1 111 915 </span><span class=\"S3FB1 SC5 S2\" id=\"tg_179\">134 027 </span><span class=\"S3FB2 SC5 S2\" id=\"th_179\">1 077 086 </span><span class=\"S3FB3 SC5 S2\" id=\"ti_179\">0 </span><span class=\"S3FB4 SC5 S2\" id=\"tj_179\">56 703 </span><span class=\"S3FB5 SC5 S2\" id=\"tk_179\">2 379 731 </span><span class=\"S3FB6 SC5 S2\" id=\"tl_179\">Business combination (22%) </span><span class=\"S3FB7 SC5 S2\" id=\"tm_179\">0 </span><span class=\"S3FB8 SC5 S2\" id=\"tn_179\">18 012 </span><span class=\"S3FB9 SC5 S2\" id=\"to_179\">-1 215 </span><span class=\"S3FBA SC5 S2\" id=\"tp_179\">0 </span><span class=\"S3FBB SC5 S2\" id=\"tq_179\">1 683 </span><span class=\"S3FBC SC5 S2\" id=\"tr_179\">18 480 </span><span class=\"S3FBD SC5 S2\" id=\"ts_179\">Recognised in the period </span><span class=\"S3FBE SC5 S2\" id=\"tt_179\">3 332 </span><span class=\"S3FBF SC5 S2\" id=\"tu_179\">35 195 </span><span class=\"S3FC0 SC5 S2\" id=\"tv_179\">207 507 </span><span class=\"S3FC1 SC5 S2\" id=\"tw_179\">0 </span><span class=\"S3FC2 SC5 S2\" id=\"tx_179\">4 060 </span><span class=\"S3FC3 SC5 S2\" id=\"ty_179\">250 094 </span><span class=\"S3FC4 SC5 S2\" id=\"tz_179\">Currency translation differences </span><span class=\"S3FC5 SC5 S2\" id=\"t10_179\">0 </span><span class=\"S3FC6 SC5 S2\" id=\"t11_179\">0 </span><span class=\"S3FC7 SC5 S2\" id=\"t12_179\">0 </span><span class=\"S3FC8 SC5 S2\" id=\"t13_179\">0 </span><span class=\"S3FC9 SC5 S2\" id=\"t14_179\">320 </span><span class=\"S3FCA SC5 S2\" id=\"t15_179\">320 </span><span class=\"S3FCB SC4 S2\" id=\"t16_179\">31.12.2021 </span><span class=\"S3FCC SC4 S2\" id=\"t17_179\">1 115 247 </span><span class=\"S3FCD SC4 S2\" id=\"t18_179\">187 234 </span><span class=\"S3FCE SC4 S2\" id=\"t19_179\">1 283 378 </span><span class=\"S3FCF SC4 S2\" id=\"t1a_179\">0 </span><span class=\"S3FD0 SC4 S2\" id=\"t1b_179\">62 766 </span><span class=\"S3FD1 SC4 S2\" id=\"t1c_179\">2 648 625 </span><span class=\"S3FD2 SC5 S2\" id=\"t1d_179\">Business combination (22%) </span><span class=\"S3FD3 SC5 S2\" id=\"t1e_179\">1 390 </span><span class=\"S3FD4 SC5 S2\" id=\"t1f_179\">0 </span><span class=\"S3FD5 SC5 S2\" id=\"t1g_179\">0 </span><span class=\"S3FD6 SC5 S2\" id=\"t1h_179\">0 </span><span class=\"S3FD7 SC5 S2\" id=\"t1i_179\">0 </span><span class=\"S3FD8 SC5 S2\" id=\"t1j_179\">1 390 </span><span class=\"S3FD9 SC5 S2\" id=\"t1k_179\">Recognised in the period </span><span class=\"S3FDA SC5 S2\" id=\"t1l_179\">-59 263 </span><span class=\"S3FDB SC5 S2\" id=\"t1m_179\">-4 375 </span><span class=\"S3FDC SC5 S2\" id=\"t1n_179\">27 188 </span><span class=\"S3FDD SC5 S2\" id=\"t1o_179\">0 </span><span class=\"S3FDE SC5 S2\" id=\"t1p_179\">36 275 </span><span class=\"S3FDF SC5 S2\" id=\"t1q_179\">-175 </span><span class=\"S3FE0 SC5 S2\" id=\"t1r_179\">Deferred tax on records through other </span><span class=\"S3FE1 SC5 S2\" id=\"t1s_179\">comprehensive income </span><span class=\"S3FE2 SC5 S2\" id=\"t1t_179\">0 </span><span class=\"S3FE3 SC5 S2\" id=\"t1u_179\">0 </span><span class=\"S3FE4 SC5 S2\" id=\"t1v_179\">0 </span><span class=\"S3FE5 SC5 S2\" id=\"t1w_179\">0 </span><span class=\"S3FE6 SC5 S2\" id=\"t1x_179\">5 941 </span><span class=\"S3FE7 SC5 S2\" id=\"t1y_179\">5 941 </span><span class=\"S3FE8 SC4 S2\" id=\"t1z_179\">31.12.2022 </span><span class=\"S3FE9 SC4 S2\" id=\"t20_179\">1 057 374 </span><span class=\"S3FEA SC4 S2\" id=\"t21_179\">182 859 </span><span class=\"S3FEB SC4 S2\" id=\"t22_179\">1 310 566 </span><span class=\"S3FEC SC4 S2\" id=\"t23_179\">0 </span><span class=\"S3FED SC4 S2\" id=\"t24_179\">104 982 </span><span class=\"S3FEE SC4 S2\" id=\"t25_179\">2 655 781 </span><span class=\"S3FEF SC4 S2\" id=\"t26_179\">Deferred tax assets (-) </span><span class=\"S3FF0 SC4 S2\" id=\"t27_179\">Loss </span><span class=\"S3FF1 SC4 S2\" id=\"t28_179\">carryforward </span><span class=\"S3FF2 SC4 S2\" id=\"t29_179\">Operating </span><span class=\"S3FF3 SC4 S2\" id=\"t2a_179\">assets and </span><span class=\"S3FF4 SC4 S2\" id=\"t2b_179\">leases </span><span class=\"S3FF5 SC4 S2\" id=\"t2c_179\">Goods/ </span><span class=\"S3FF6 SC4 S2\" id=\"t2d_179\">biological </span><span class=\"S3FF7 SC4 S2\" id=\"t2e_179\">assets </span><span class=\"S3FF8 SC4 S2\" id=\"t2f_179\">Receivables </span><span class=\"S3FF9 SC4 S2\" id=\"t2g_179\">Other </span><span class=\"S3FFA SC4 S2\" id=\"t2h_179\">differences </span><span class=\"S3FFB SC4 S2\" id=\"t2i_179\">Total </span><span class=\"S3FFC SC5 S2\" id=\"t2j_179\">01.01.2021 </span><span class=\"S3FFD SC5 S2\" id=\"t2k_179\">-43 846 </span><span class=\"S3FFE SC5 S2\" id=\"t2l_179\">-8 152 </span><span class=\"S3FFF SC5 S2\" id=\"t2m_179\">0 </span><span class=\"S4000 SC5 S2\" id=\"t2n_179\">-11 054 </span><span class=\"S4001 SC5 S2\" id=\"t2o_179\">-14 419 </span><span class=\"S4002 SC5 S2\" id=\"t2p_179\">-77 471 </span><span class=\"S4003 SC5 S2\" id=\"t2q_179\">Recognised in the period </span><span class=\"S4004 SC5 S2\" id=\"t2r_179\">27 197 </span><span class=\"S4005 SC5 S2\" id=\"t2s_179\">-3 040 </span><span class=\"S4006 SC5 S2\" id=\"t2t_179\">0 </span><span class=\"S4007 SC5 S2\" id=\"t2u_179\">7 335 </span><span class=\"S4008 SC5 S2\" id=\"t2v_179\">-86 074 </span><span class=\"S4009 SC5 S2\" id=\"t2w_179\">-54 582 </span><span class=\"S400A SC5 S2\" id=\"t2x_179\">Deferred tax on records through other </span><span class=\"S400B SC5 S2\" id=\"t2y_179\">comprehensive income </span><span class=\"S400C SC5 S2\" id=\"t2z_179\">0 </span><span class=\"S400D SC5 S2\" id=\"t30_179\">0 </span><span class=\"S400E SC5 S2\" id=\"t31_179\">0 </span><span class=\"S400F SC5 S2\" id=\"t32_179\">0 </span><span class=\"S4010 SC5 S2\" id=\"t33_179\">17 701 </span><span class=\"S4011 SC5 S2\" id=\"t34_179\">17 701 </span><span class=\"S4012 SC4 S2\" id=\"t35_179\">31.12.2021 </span><span class=\"S4013 SC4 S2\" id=\"t36_179\">-16 649 </span><span class=\"S4014 SC4 S2\" id=\"t37_179\">-11 192 </span><span class=\"S4015 SC4 S2\" id=\"t38_179\">0 </span><span class=\"S4016 SC4 S2\" id=\"t39_179\">-3 719 </span><span class=\"S4017 SC4 S2\" id=\"t3a_179\">-82 792 </span><span class=\"S4018 SC4 S2\" id=\"t3b_179\">-114 352 </span><span class=\"S4019 SC5 S2\" id=\"t3c_179\">Recognised in the period </span><span class=\"S401A SC5 S2\" id=\"t3d_179\">-84 391 </span><span class=\"S401B SC5 S2\" id=\"t3e_179\">-6 540 </span><span class=\"S401C SC5 S2\" id=\"t3f_179\">0 </span><span class=\"S401D SC5 S2\" id=\"t3g_179\">-1 097 </span><span class=\"S401E SC5 S2\" id=\"t3h_179\">34 020 </span><span class=\"S401F SC5 S2\" id=\"t3i_179\">-58 008 </span><span class=\"S4020 SC4 S2\" id=\"t3j_179\">31.12.2022 </span><span class=\"S4021 SC4 S2\" id=\"t3k_179\">-101 040 </span><span class=\"S4022 SC4 S2\" id=\"t3l_179\">-17 732 </span><span class=\"S4023 SC4 S2\" id=\"t3m_179\">0 </span><span class=\"S4024 SC4 S2\" id=\"t3n_179\">-4 816 </span><span class=\"S4025 SC4 S2\" id=\"t3o_179\">-48 772 </span><span class=\"S4026 SC4 S2\" id=\"t3p_179\">-172 360 </span><span class=\"S4027 SC4 S2\" id=\"t3q_179\">Deferred tax </span><span class=\"S4028 SC4 S2\" id=\"t3r_179\">31.12.2022 </span><span class=\"S4029 SC4 S2\" id=\"t3s_179\">31.12.2021 </span><span class=\"S402A SC5 S2\" id=\"t3t_179\">Deferred tax on positive temporary differences 31.12 </span><span class=\"S402B SC5 S2\" id=\"t3u_179\">2 655 782 </span><span class=\"S402C SC5 S2\" id=\"t3v_179\">2 648 625 </span><span class=\"S402D SC5 S2\" id=\"t3w_179\">Deferred tax on negative temporary differences 31.12 </span><span class=\"S402E SC5 S2\" id=\"t3x_179\">-172 360 </span><span class=\"S402F SC5 S2\" id=\"t3y_179\">-114 352 </span><span class=\"S4030 SC4 S2\" id=\"t3z_179\">Net </span><span class=\"S4031 SC4 S2\" id=\"t40_179\">2 483 422 </span><span class=\"S4032 SC4 S2\" id=\"t41_179\">2 534 273 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20396": {
   "value": "<span class=\"S406E S18EC S2\" id=\"t1a_180\">NOTE 18 </span><span class=\"S406F S18EC S2\" id=\"t1b_180\">Other short-term debt </span><span class=\"S404A SC4 S2\" id=\"t1_180\">Other short-term debt </span><span class=\"S194B SC4 S2\" id=\"t2_180\">2022 </span><span class=\"S194C SC4 S2\" id=\"t3_180\">2021 </span><span class=\"S404B SC5 S2\" id=\"t4_180\">Revenues to be recognised in next accounting period </span><span class=\"S404C SC5 S2\" id=\"t5_180\">14 799 </span><span class=\"S404D SC5 S2\" id=\"t6_180\">0 </span><span class=\"S404E SC5 S2\" id=\"t7_180\">Fair value of \ufb01nancial instruments, with due date within a year </span><span class=\"S404F SC5 S2\" id=\"t8_180\">5 812 </span><span class=\"S4050 SC5 S2\" id=\"t9_180\">577 </span><span class=\"S4051 SC5 S2\" id=\"ta_180\">Change in value on hedged risk related to binding agreements </span><span class=\"S4052 SC5 S2\" id=\"tb_180\">18 604 </span><span class=\"S4053 SC5 S2\" id=\"tc_180\">17 178 </span><span class=\"S4054 SC5 S2\" id=\"td_180\">Onerous contracts (related to fair value adjustment of biological assets) </span><span class=\"S4055 SC5 S2\" id=\"te_180\">13 600 </span><span class=\"S4056 SC5 S2\" id=\"tf_180\">44 259 </span><span class=\"S4057 SC5 S2\" id=\"tg_180\">Accrued wages and holiday pay </span><span class=\"S4058 SC5 S2\" id=\"th_180\">418 560 </span><span class=\"S4059 SC5 S2\" id=\"ti_180\">398 861 </span><span class=\"S405A SC5 S2\" id=\"tj_180\">Accrued interest costs </span><span class=\"S405B SC5 S2\" id=\"tk_180\">28 443 </span><span class=\"S405C SC5 S2\" id=\"tl_180\">21 171 </span><span class=\"S405D SC5 S2\" id=\"tm_180\">Accrued customer bonus </span><span class=\"S405E SC5 S2\" id=\"tn_180\">62 452 </span><span class=\"S405F SC5 S2\" id=\"to_180\">88 882 </span><span class=\"S4060 SC5 S2\" id=\"tp_180\">Accrued other expenses </span><span class=\"S4061 SC5 S2\" id=\"tq_180\">310 257 </span><span class=\"S4062 SC5 S2\" id=\"tr_180\">262 726 </span><span class=\"S4063 SC5 S2\" id=\"ts_180\">Provisions </span><span class=\"S4064 SC5 S2\" id=\"tt_180\">21 955 </span><span class=\"S4065 SC5 S2\" id=\"tu_180\">50 306 </span><span class=\"S4066 SC5 S2\" id=\"tv_180\">Other short term debt (prepayments from customer etc) </span><span class=\"S4067 SC5 S2\" id=\"tw_180\">148 </span><span class=\"S4068 SC5 S2\" id=\"tx_180\">140 </span><span class=\"S4069 SC4 S2\" id=\"ty_180\">Total other short-term debt </span><span class=\"S406A SC4 S2\" id=\"tz_180\">894 629 </span><span class=\"S406B SC4 S2\" id=\"t10_180\">884 100 </span><span class=\"S406C SC5 S2\" id=\"t11_180\">Accrued other expenses includes freight, claims, treatment expenses on \ufb01sh in sea, clean up costs for closed sites, bonuses and various other </span><span class=\"S406D SC5 S2\" id=\"t12_180\">operational and inventory related costs. Accrued freight on products sold is the the largest single item. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20621": {
   "value": "<span class=\"S413A S18EC S2\" id=\"t5w_181\">NOTE 19 </span><span class=\"S413B S18EC S2\" id=\"t5x_181\">Earnings per share </span><span class=\"S18EE SC3 S2\" id=\"t5v_181\">All \ufb01gures in NOK 1 000, with exception of earnings per share </span><span class=\"S4139 S109 S2\" id=\"t5o_181\">Earnings per share since the date of listing </span><span class=\"S4070 SC4 S2\" id=\"t1_181\">Other short-term debt </span><span class=\"S18F0 SC4 S2\" id=\"t2_181\">2022 </span><span class=\"S18F1 SC4 S2\" id=\"t3_181\">2021 </span><span class=\"S4071 SC4 S2\" id=\"t4_181\">This year's earnings to LSG shareholders (NOK 1 000) </span><span class=\"S4072 SC4 S2\" id=\"t5_181\">2 906 781 </span><span class=\"S4073 SC4 S2\" id=\"t6_181\">2 632 371 </span><span class=\"S4074 SC5 S2\" id=\"t7_181\">Number of issued shares as of 31.12 (in 1 000) </span><span class=\"S4075 SC5 S2\" id=\"t8_181\">595 774 </span><span class=\"S4076 SC5 S2\" id=\"t9_181\">595 774 </span><span class=\"S4077 SC5 S2\" id=\"ta_181\">Number of treasury shares as of 31.12 (in 1 000) </span><span class=\"S4078 SC5 S2\" id=\"tb_181\">-298 </span><span class=\"S4079 SC5 S2\" id=\"tc_181\">-298 </span><span class=\"S407A SC4 S2\" id=\"td_181\">Number of outstanding shares as of 31.12 (in 1 000) </span><span class=\"S407B SC4 S2\" id=\"te_181\">595 476 </span><span class=\"S407C SC4 S2\" id=\"tf_181\">595 476 </span><span class=\"S407D SC5 S2\" id=\"tg_181\">Average number of outstanding shares (in 1 000) </span><span class=\"S407E SC5 S2\" id=\"th_181\">595 476 </span><span class=\"S407F SC5 S2\" id=\"ti_181\">595 476 </span><span class=\"S4080 SC5 S2\" id=\"tj_181\">Average number of outstanding shares with dilution (in 1 000) </span><span class=\"S4081 SC5 S2\" id=\"tk_181\">595 476 </span><span class=\"S4082 SC5 S2\" id=\"tl_181\">595 476 </span><span class=\"S4083 SC4 S2\" id=\"tm_181\">Earnings per share </span><span class=\"S4084 SC4 S2\" id=\"tn_181\">4.88 </span><span class=\"S4085 SC4 S2\" id=\"to_181\">4.42 </span><span class=\"S4086 SC5 S2\" id=\"tp_181\">Diluted earnings per share </span><span class=\"S4087 SC5 S2\" id=\"tq_181\">4.88 </span><span class=\"S4088 SC5 S2\" id=\"tr_181\">4.42 </span><span class=\"S4089 SC4 S2\" id=\"ts_181\">Year </span><span class=\"S408A SC4 S2\" id=\"tt_181\">After fair value adjustment </span><span class=\"S408B SC4 S2\" id=\"tu_181\">Before fair value adjustment * </span><span class=\"S408C SC4 S2\" id=\"tv_181\">Share of pro\ufb01t for </span><span class=\"S408D SC4 S2\" id=\"tw_181\">the year to LSG </span><span class=\"S408E SC4 S2\" id=\"tx_181\">shareholders </span><span class=\"S408F SC4 S2\" id=\"ty_181\">Earnings </span><span class=\"S4090 SC4 S2\" id=\"tz_181\">per share </span><span class=\"S4091 SC4 S2\" id=\"t10_181\">Recommended </span><span class=\"S4092 SC4 S2\" id=\"t11_181\">dividend relative </span><span class=\"S4093 SC4 S2\" id=\"t12_181\">to pro\ufb01t </span><span class=\"S4094 SC4 S2\" id=\"t13_181\">Share of pro\ufb01t for </span><span class=\"S4095 SC4 S2\" id=\"t14_181\">the year to LSG </span><span class=\"S4096 SC4 S2\" id=\"t15_181\">shareholders * </span><span class=\"S4097 SC4 S2\" id=\"t16_181\">Earnings </span><span class=\"S4098 SC4 S2\" id=\"t17_181\">per share * </span><span class=\"S4099 SC4 S2\" id=\"t18_181\">Recommended </span><span class=\"S409A SC4 S2\" id=\"t19_181\">dividend relative </span><span class=\"S409B SC4 S2\" id=\"t1a_181\">to pro\ufb01t * </span><span class=\"S409C SC4 S2\" id=\"t1b_181\">2022 </span><span class=\"S409D SC4 S2\" id=\"t1c_181\">2 906 781 </span><span class=\"S409E SC4 S2\" id=\"t1d_181\">4.88 </span><span class=\"S409F SC4 S2\" id=\"t1e_181\">51 % </span><span class=\"S40A0 SC4 S2\" id=\"t1f_181\">2 139 193 </span><span class=\"S40A1 SC4 S2\" id=\"t1g_181\">3.59 </span><span class=\"S40A2 SC4 S2\" id=\"t1h_181\">70 % </span><span class=\"S40A3 SC5 S2\" id=\"t1i_181\">2021 </span><span class=\"S40A4 SC5 S2\" id=\"t1j_181\">2 632 371 </span><span class=\"S40A5 SC5 S2\" id=\"t1k_181\">4.42 </span><span class=\"S40A6 SC5 S2\" id=\"t1l_181\">57 % </span><span class=\"S40A7 SC5 S2\" id=\"t1m_181\">1 834 661 </span><span class=\"S40A8 SC5 S2\" id=\"t1n_181\">3.08 </span><span class=\"S40A9 SC5 S2\" id=\"t1o_181\">81 % </span><span class=\"S40AA SC5 S2\" id=\"t1p_181\">2020 </span><span class=\"S40AB SC5 S2\" id=\"t1q_181\">794 335 </span><span class=\"S40AC SC5 S2\" id=\"t1r_181\">1.33 </span><span class=\"S40AD SC5 S2\" id=\"t1s_181\">150 % </span><span class=\"S40AE SC5 S2\" id=\"t1t_181\">1 467 617 </span><span class=\"S40AF SC5 S2\" id=\"t1u_181\">2.46 </span><span class=\"S40B0 SC5 S2\" id=\"t1v_181\">81 % </span><span class=\"S40B1 SC5 S2\" id=\"t1w_181\">2019 </span><span class=\"S40B2 SC5 S2\" id=\"t1x_181\">1 857 172 </span><span class=\"S40B3 SC5 S2\" id=\"t1y_181\">3.12 </span><span class=\"S40B4 SC5 S2\" id=\"t1z_181\">48 % </span><span class=\"S40B5 SC5 S2\" id=\"t20_181\">2 073 426 </span><span class=\"S40B6 SC5 S2\" id=\"t21_181\">3.48 </span><span class=\"S40B7 SC5 S2\" id=\"t22_181\">43 % </span><span class=\"S40B8 SC5 S2\" id=\"t23_181\">2018 </span><span class=\"S40B9 SC5 S2\" id=\"t24_181\">3 437 042 </span><span class=\"S40BA SC5 S2\" id=\"t25_181\">5.77 </span><span class=\"S40BB SC5 S2\" id=\"t26_181\">35 % </span><span class=\"S40BC SC5 S2\" id=\"t27_181\">2 918 324 </span><span class=\"S40BD SC5 S2\" id=\"t28_181\">4.90 </span><span class=\"S40BE SC5 S2\" id=\"t29_181\">41 % </span><span class=\"S40BF SC5 S2\" id=\"t2a_181\">2017 </span><span class=\"S40C0 SC5 S2\" id=\"t2b_181\">1 749 494 </span><span class=\"S40C1 SC5 S2\" id=\"t2c_181\">2.94 </span><span class=\"S40C2 SC5 S2\" id=\"t2d_181\">51 % </span><span class=\"S40C3 SC5 S2\" id=\"t2e_181\">2 919 657 </span><span class=\"S40C4 SC5 S2\" id=\"t2f_181\">4.90 </span><span class=\"S40C5 SC5 S2\" id=\"t2g_181\">31 % </span><span class=\"S40C6 SC5 S2\" id=\"t2h_181\">2016 </span><span class=\"S40C7 SC5 S2\" id=\"t2i_181\">3 224 143 </span><span class=\"S40C8 SC5 S2\" id=\"t2j_181\">5.65 </span><span class=\"S40C9 SC5 S2\" id=\"t2k_181\">24 % </span><span class=\"S40CA SC5 S2\" id=\"t2l_181\">2 192 909 </span><span class=\"S40CB SC5 S2\" id=\"t2m_181\">3.84 </span><span class=\"S40CC SC5 S2\" id=\"t2n_181\">35 % </span><span class=\"S40CD SC5 S2\" id=\"t2o_181\">2015 </span><span class=\"S40CE SC5 S2\" id=\"t2p_181\">1 179 718 </span><span class=\"S40CF SC5 S2\" id=\"t2q_181\">2.16 </span><span class=\"S40D0 SC5 S2\" id=\"t2r_181\">56 % </span><span class=\"S40D1 SC5 S2\" id=\"t2s_181\">1 057 767 </span><span class=\"S40D2 SC5 S2\" id=\"t2t_181\">1.94 </span><span class=\"S40D3 SC5 S2\" id=\"t2u_181\">62 % </span><span class=\"S40D4 SC5 S2\" id=\"t2v_181\">2014 </span><span class=\"S40D5 SC5 S2\" id=\"t2w_181\">1 055 916 </span><span class=\"S40D6 SC5 S2\" id=\"t2x_181\">1.93 </span><span class=\"S40D7 SC5 S2\" id=\"t2y_181\">62 % </span><span class=\"S40D8 SC5 S2\" id=\"t2z_181\">1 312 258 </span><span class=\"S40D9 SC5 S2\" id=\"t30_181\">2.40 </span><span class=\"S40DA SC5 S2\" id=\"t31_181\">50 % </span><span class=\"S40DB SC5 S2\" id=\"t32_181\">2013 </span><span class=\"S40DC SC5 S2\" id=\"t33_181\">1 733 352 </span><span class=\"S40DD SC5 S2\" id=\"t34_181\">3.18 </span><span class=\"S40DE SC5 S2\" id=\"t35_181\">31 % </span><span class=\"S40DF SC5 S2\" id=\"t36_181\">1 152 700 </span><span class=\"S40E0 SC5 S2\" id=\"t37_181\">2.11 </span><span class=\"S40E1 SC5 S2\" id=\"t38_181\">47 % </span><span class=\"S40E2 SC5 S2\" id=\"t39_181\">2012 </span><span class=\"S40E3 SC5 S2\" id=\"t3a_181\">480 797 </span><span class=\"S40E4 SC5 S2\" id=\"t3b_181\">0.88 </span><span class=\"S40E5 SC5 S2\" id=\"t3c_181\">79 % </span><span class=\"S40E6 SC5 S2\" id=\"t3d_181\">278 958 </span><span class=\"S40E7 SC5 S2\" id=\"t3e_181\">0.51 </span><span class=\"S40E8 SC5 S2\" id=\"t3f_181\">137 % </span><span class=\"S40E9 SC5 S2\" id=\"t3g_181\">2011 </span><span class=\"S40EA SC5 S2\" id=\"t3h_181\">382 705 </span><span class=\"S40EB SC5 S2\" id=\"t3i_181\">0.70 </span><span class=\"S40EC SC5 S2\" id=\"t3j_181\">100 % </span><span class=\"S40ED SC5 S2\" id=\"t3k_181\">825 625 </span><span class=\"S40EE SC5 S2\" id=\"t3l_181\">1.51 </span><span class=\"S40EF SC5 S2\" id=\"t3m_181\">46 % </span><span class=\"S40F0 SC5 S2\" id=\"t3n_181\">2010 </span><span class=\"S40F1 SC5 S2\" id=\"t3o_181\">1 419 507 </span><span class=\"S40F2 SC5 S2\" id=\"t3p_181\">2.62 </span><span class=\"S40F3 SC5 S2\" id=\"t3q_181\">38 % </span><span class=\"S40F4 SC5 S2\" id=\"t3r_181\">1 193 765 </span><span class=\"S40F5 SC5 S2\" id=\"t3s_181\">2.21 </span><span class=\"S40F6 SC5 S2\" id=\"t3t_181\">46 % </span><span class=\"S40F7 SC5 S2\" id=\"t3u_181\">2009 </span><span class=\"S40F8 SC5 S2\" id=\"t3v_181\">729 488 </span><span class=\"S40F9 SC5 S2\" id=\"t3w_181\">1.36 </span><span class=\"S40FA SC5 S2\" id=\"t3x_181\">51 % </span><span class=\"S40FB SC5 S2\" id=\"t3y_181\">685 940 </span><span class=\"S40FC SC5 S2\" id=\"t3z_181\">1.28 </span><span class=\"S40FD SC5 S2\" id=\"t40_181\">55 % </span><span class=\"S40FE SC5 S2\" id=\"t41_181\">2008 </span><span class=\"S40FF SC5 S2\" id=\"t42_181\">124 730 </span><span class=\"S4100 SC5 S2\" id=\"t43_181\">0.23 </span><span class=\"S4101 SC5 S2\" id=\"t44_181\">120 % </span><span class=\"S4102 SC5 S2\" id=\"t45_181\">151 416 </span><span class=\"S4103 SC5 S2\" id=\"t46_181\">0.28 </span><span class=\"S4104 SC5 S2\" id=\"t47_181\">99 % </span><span class=\"S4105 SC5 S2\" id=\"t48_181\">2007 </span><span class=\"S4106 SC5 S2\" id=\"t49_181\">277 014 </span><span class=\"S4107 SC5 S2\" id=\"t4a_181\">0.57 </span><span class=\"S4108 SC5 S2\" id=\"t4b_181\">35 % </span><span class=\"S4109 SC5 S2\" id=\"t4c_181\">279 611 </span><span class=\"S410A SC5 S2\" id=\"t4d_181\">0.58 </span><span class=\"S410B SC5 S2\" id=\"t4e_181\">34 % </span><span class=\"S410C SC5 S2\" id=\"t4f_181\">2006 </span><span class=\"S410D SC5 S2\" id=\"t4g_181\">651 516 </span><span class=\"S410E SC5 S2\" id=\"t4h_181\">1.59 </span><span class=\"S410F SC5 S2\" id=\"t4i_181\">33 % </span><span class=\"S4110 SC5 S2\" id=\"t4j_181\">575 141 </span><span class=\"S4111 SC5 S2\" id=\"t4k_181\">1.40 </span><span class=\"S4112 SC5 S2\" id=\"t4l_181\">37 % </span><span class=\"S4113 SC5 S2\" id=\"t4m_181\">2005 </span><span class=\"S4114 SC5 S2\" id=\"t4n_181\">319 312 </span><span class=\"S4115 SC5 S2\" id=\"t4o_181\">0.87 </span><span class=\"S4116 SC5 S2\" id=\"t4p_181\">22 % </span><span class=\"S4117 SC5 S2\" id=\"t4q_181\">248 443 </span><span class=\"S4118 SC5 S2\" id=\"t4r_181\">0.67 </span><span class=\"S4119 SC5 S2\" id=\"t4s_181\">29 % </span><span class=\"S411A SC5 S2\" id=\"t4t_181\">2004 </span><span class=\"S411B SC5 S2\" id=\"t4u_181\">83 402 </span><span class=\"S411C SC5 S2\" id=\"t4v_181\">0.24 </span><span class=\"S411D SC5 S2\" id=\"t4w_181\">36 % </span><span class=\"S411E SC5 S2\" id=\"t4x_181\">82 216 </span><span class=\"S411F SC5 S2\" id=\"t4y_181\">0.24 </span><span class=\"S4120 SC5 S2\" id=\"t4z_181\">37 % </span><span class=\"S4121 SC5 S2\" id=\"t50_181\">2003 </span><span class=\"S4122 SC5 S2\" id=\"t51_181\">30 518 </span><span class=\"S4123 SC5 S2\" id=\"t52_181\">0.12 </span><span class=\"S4124 SC5 S2\" id=\"t53_181\">68 % </span><span class=\"S4125 SC5 S2\" id=\"t54_181\">30 518 </span><span class=\"S4126 SC5 S2\" id=\"t55_181\">0.12 </span><span class=\"S4127 SC5 S2\" id=\"t56_181\">68 % </span><span class=\"S4128 SC5 S2\" id=\"t57_181\">2002 </span><span class=\"S4129 SC5 S2\" id=\"t58_181\">25 650 </span><span class=\"S412A SC5 S2\" id=\"t59_181\">0.11 </span><span class=\"S412B SC5 S2\" id=\"t5a_181\">69 % </span><span class=\"S412C SC5 S2\" id=\"t5b_181\">25 650 </span><span class=\"S412D SC5 S2\" id=\"t5c_181\">0.11 </span><span class=\"S412E SC5 S2\" id=\"t5d_181\">69 % </span><span class=\"S412F SC4 S2\" id=\"t5e_181\">Total </span><span class=\"S4130 SC4 S2\" id=\"t5f_181\">25 094 963 </span><span class=\"S4131 SC4 S2\" id=\"t5g_181\">44.68 </span><span class=\"S4132 SC4 S2\" id=\"t5h_181\">48 % </span><span class=\"S4133 SC4 S2\" id=\"t5i_181\">23 445 794 </span><span class=\"S4134 SC4 S2\" id=\"t5j_181\">41.63 </span><span class=\"S4135 SC4 S2\" id=\"t5k_181\">51 % </span><span class=\"S4136 SAF1 S2\" id=\"t5l_181\">* The amounts are adjusted with the LSG`s shareholders (controlling interests) share of fair value adjustment related to biological assets. </span><span class=\"S4137 SAF1 S2\" id=\"t5m_181\">The adjustment is after tax. Included in the adjustment is also the Groups\u2019 share of such adjustments from associates (after tax). </span><span class=\"S4138 SAF1 S2\" id=\"t5n_181\">Earnings per share before fair value adjustment is an Alternative Performance Measure. For calculation see note on APM`s. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20826": {
   "value": "<span class=\"S41F5 S18EC S2\" id=\"t5e_182\">NOTE 20 </span><span class=\"S41F6 S18EC S2\" id=\"t5f_182\">Dividend per share </span><span class=\"S1A15 SC3 S2\" id=\"t5d_182\">All \ufb01gures in NOK 1 000, with exception of dividend per share </span><span class=\"S3DA2 SC7 S2\" id=\"t1_182\">Distributed dividend in current \ufb01nancial year </span><span class=\"S413C SC8 S2\" id=\"t2_182\">Distributed dividend in 2022, based on 2021 pro\ufb01t, was NOK 2.50 per share. This amounts to NOK 1 489 434. </span><span class=\"S413D SC7 S2\" id=\"t3_182\">Recommended dividend </span><span class=\"S413E SC8 S2\" id=\"t4_182\">Based on the 2022 pro\ufb01t, a corresponding dividend of NOK 2.50 per share is recommended for distribution in 2023. This </span><span class=\"S413F SC8 S2\" id=\"t5_182\">amounts to NOK 1 489 434. A \ufb01nal decision will be made by the general meeting on 23 May 2023. </span><span class=\"S4140 SC7 S2\" id=\"t6_182\">Dividend per share since the date of listing </span><span class=\"S4141 SC4 S2\" id=\"t7_182\">Year </span><span class=\"S4142 SC4 S2\" id=\"t8_182\">Dividend recommended </span><span class=\"S4143 SC4 S2\" id=\"t9_182\">Dividend distributed </span><span class=\"S4144 SC4 S2\" id=\"ta_182\">Number of </span><span class=\"S4145 SC4 S2\" id=\"tb_182\">issued shares 31.12 </span><span class=\"S4146 SC4 S2\" id=\"tc_182\">(in 1 </span><span class=\"S4147 SC4 S2\" id=\"td_182\">000) </span><span class=\"S4148 SC4 S2\" id=\"te_182\">Recommended </span><span class=\"S4149 SC4 S2\" id=\"tf_182\">dividend </span><span class=\"S414A SC4 S2\" id=\"tg_182\">per share </span><span class=\"S414B SC4 S2\" id=\"th_182\">Recommended </span><span class=\"S414C SC4 S2\" id=\"ti_182\">dividend </span><span class=\"S414D SC4 S2\" id=\"tj_182\">Number of </span><span class=\"S414E SC4 S2\" id=\"tk_182\">shares as basis </span><span class=\"S414F SC4 S2\" id=\"tl_182\">for distribution </span><span class=\"S4150 SC4 S2\" id=\"tm_182\">(in 1 </span><span class=\"S4151 SC4 S2\" id=\"tn_182\">000) </span><span class=\"S4152 SC4 S2\" id=\"to_182\">Dividend </span><span class=\"S4153 SC4 S2\" id=\"tp_182\">distributed </span><span class=\"S4154 SC4 S2\" id=\"tq_182\">per share </span><span class=\"S4155 SC4 S2\" id=\"tr_182\">Dividend </span><span class=\"S4156 SC4 S2\" id=\"ts_182\">distributed </span><span class=\"S4157 SC4 S2\" id=\"tt_182\">2022 </span><span class=\"S4158 SC4 S2\" id=\"tu_182\">595 774 </span><span class=\"S4159 SC4 S2\" id=\"tv_182\">2.50 </span><span class=\"S415A SC4 S2\" id=\"tw_182\">1 489 434 </span><span class=\"S415B SC4 S2\" id=\"tx_182\">595 774 </span><span class=\"S415C SC4 S2\" id=\"ty_182\">2.50 </span><span class=\"S415D SC4 S2\" id=\"tz_182\">1 489 434 </span><span class=\"S415E SC5 S2\" id=\"t10_182\">2021 </span><span class=\"S415F SC5 S2\" id=\"t11_182\">595 774 </span><span class=\"S4160 SC5 S2\" id=\"t12_182\">2.50 </span><span class=\"S4161 SC5 S2\" id=\"t13_182\">1 489 434 </span><span class=\"S4162 SC5 S2\" id=\"t14_182\">595 774 </span><span class=\"S4163 SC5 S2\" id=\"t15_182\">2.00 </span><span class=\"S4164 SC5 S2\" id=\"t16_182\">1 191 547 </span><span class=\"S4165 SC5 S2\" id=\"t17_182\">2020 </span><span class=\"S4166 SC5 S2\" id=\"t18_182\">595 774 </span><span class=\"S4167 SC5 S2\" id=\"t19_182\">2.00 </span><span class=\"S4168 SC5 S2\" id=\"t1a_182\">1 191 547 </span><span class=\"S4169 SC5 S2\" id=\"t1b_182\">595 774 </span><span class=\"S416A SC5 S2\" id=\"t1c_182\">1.50 </span><span class=\"S416B SC5 S2\" id=\"t1d_182\">893 661 </span><span class=\"S416C SC5 S2\" id=\"t1e_182\">2019 </span><span class=\"S416D SC5 S2\" id=\"t1f_182\">595 774 </span><span class=\"S416E SC5 S2\" id=\"t1g_182\">1.50 </span><span class=\"S416F SC5 S2\" id=\"t1h_182\">893 661 </span><span class=\"S4170 SC5 S2\" id=\"t1i_182\">595 774 </span><span class=\"S4171 SC5 S2\" id=\"t1j_182\">2.00 </span><span class=\"S4172 SC5 S2\" id=\"t1k_182\">1 191 547 </span><span class=\"S4173 SC5 S2\" id=\"t1l_182\">2018 </span><span class=\"S4174 SC5 S2\" id=\"t1m_182\">595 774 </span><span class=\"S4175 SC5 S2\" id=\"t1n_182\">2.00 </span><span class=\"S4176 SC5 S2\" id=\"t1o_182\">1 191 547 </span><span class=\"S4177 SC5 S2\" id=\"t1p_182\">595 774 </span><span class=\"S4178 SC5 S2\" id=\"t1q_182\">1.50 </span><span class=\"S4179 SC5 S2\" id=\"t1r_182\">893 661 </span><span class=\"S417A SC5 S2\" id=\"t1s_182\">2017 </span><span class=\"S417B SC5 S2\" id=\"t1t_182\">595 774 </span><span class=\"S417C SC5 S2\" id=\"t1u_182\">1.50 </span><span class=\"S417D SC5 S2\" id=\"t1v_182\">893 661 </span><span class=\"S417E SC5 S2\" id=\"t1w_182\">595 774 </span><span class=\"S417F SC5 S2\" id=\"t1x_182\">1.30 </span><span class=\"S4180 SC5 S2\" id=\"t1y_182\">774 506 </span><span class=\"S4181 SC5 S2\" id=\"t1z_182\">2016 </span><span class=\"S4182 SC5 S2\" id=\"t20_182\">595 774 </span><span class=\"S4183 SC5 S2\" id=\"t21_182\">1.30 </span><span class=\"S4184 SC5 S2\" id=\"t22_182\">774 506 </span><span class=\"S4185 SC5 S2\" id=\"t23_182\">545 774 </span><span class=\"S4186 SC5 S2\" id=\"t24_182\">1.20 </span><span class=\"S4187 SC5 S2\" id=\"t25_182\">654 928 </span><span class=\"S4188 SC5 S2\" id=\"t26_182\">2015 </span><span class=\"S4189 SC5 S2\" id=\"t27_182\">545 774 </span><span class=\"S418A SC5 S2\" id=\"t28_182\">1.20 </span><span class=\"S418B SC5 S2\" id=\"t29_182\">654 928 </span><span class=\"S418C SC5 S2\" id=\"t2a_182\">545 774 </span><span class=\"S418D SC5 S2\" id=\"t2b_182\">1.20 </span><span class=\"S418E SC5 S2\" id=\"t2c_182\">654 928 </span><span class=\"S418F SC5 S2\" id=\"t2d_182\">2014 </span><span class=\"S4190 SC5 S2\" id=\"t2e_182\">545 774 </span><span class=\"S4191 SC5 S2\" id=\"t2f_182\">1.20 </span><span class=\"S4192 SC5 S2\" id=\"t2g_182\">654 928 </span><span class=\"S4193 SC5 S2\" id=\"t2h_182\">545 774 </span><span class=\"S4194 SC5 S2\" id=\"t2i_182\">1.00 </span><span class=\"S4195 SC5 S2\" id=\"t2j_182\">545 774 </span><span class=\"S4196 SC5 S2\" id=\"t2k_182\">2013 </span><span class=\"S4197 SC5 S2\" id=\"t2l_182\">545 774 </span><span class=\"S4198 SC5 S2\" id=\"t2m_182\">1.00 </span><span class=\"S4199 SC5 S2\" id=\"t2n_182\">545 774 </span><span class=\"S419A SC5 S2\" id=\"t2o_182\">545 774 </span><span class=\"S419B SC5 S2\" id=\"t2p_182\">0.70 </span><span class=\"S419C SC5 S2\" id=\"t2q_182\">382 042 </span><span class=\"S419D SC5 S2\" id=\"t2r_182\">2012 </span><span class=\"S419E SC5 S2\" id=\"t2s_182\">545 774 </span><span class=\"S419F SC5 S2\" id=\"t2t_182\">0.70 </span><span class=\"S41A0 SC5 S2\" id=\"t2u_182\">382 042 </span><span class=\"S41A1 SC5 S2\" id=\"t2v_182\">545 774 </span><span class=\"S41A2 SC5 S2\" id=\"t2w_182\">0.70 </span><span class=\"S41A3 SC5 S2\" id=\"t2x_182\">382 042 </span><span class=\"S41A4 SC5 S2\" id=\"t2y_182\">2011 </span><span class=\"S41A5 SC5 S2\" id=\"t2z_182\">545 774 </span><span class=\"S41A6 SC5 S2\" id=\"t30_182\">0.70 </span><span class=\"S41A7 SC5 S2\" id=\"t31_182\">382 042 </span><span class=\"S41A8 SC5 S2\" id=\"t32_182\">545 774 </span><span class=\"S41A9 SC5 S2\" id=\"t33_182\">1.00 </span><span class=\"S41AA SC5 S2\" id=\"t34_182\">545 774 </span><span class=\"S41AB SC5 S2\" id=\"t35_182\">2010 </span><span class=\"S41AC SC5 S2\" id=\"t36_182\">545 774 </span><span class=\"S41AD SC5 S2\" id=\"t37_182\">1.00 </span><span class=\"S41AE SC5 S2\" id=\"t38_182\">545 774 </span><span class=\"S41AF SC5 S2\" id=\"t39_182\">535 774 </span><span class=\"S41B0 SC5 S2\" id=\"t3a_182\">0.70 </span><span class=\"S41B1 SC5 S2\" id=\"t3b_182\">375 042 </span><span class=\"S41B2 SC5 S2\" id=\"t3c_182\">2009 </span><span class=\"S41B3 SC5 S2\" id=\"t3d_182\">535 774 </span><span class=\"S41B4 SC5 S2\" id=\"t3e_182\">0.70 </span><span class=\"S41B5 SC5 S2\" id=\"t3f_182\">375 042 </span><span class=\"S41B6 SC5 S2\" id=\"t3g_182\">535 774 </span><span class=\"S41B7 SC5 S2\" id=\"t3h_182\">0.28 </span><span class=\"S41B8 SC5 S2\" id=\"t3i_182\">150 017 </span><span class=\"S41B9 SC5 S2\" id=\"t3j_182\">2008 </span><span class=\"S41BA SC5 S2\" id=\"t3k_182\">535 774 </span><span class=\"S41BB SC5 S2\" id=\"t3l_182\">0.28 </span><span class=\"S41BC SC5 S2\" id=\"t3m_182\">150 017 </span><span class=\"S41BD SC5 S2\" id=\"t3n_182\">535 774 </span><span class=\"S41BE SC5 S2\" id=\"t3o_182\">0.18 </span><span class=\"S41BF SC5 S2\" id=\"t3p_182\">96 439 </span><span class=\"S41C0 SC5 S2\" id=\"t3q_182\">2007 </span><span class=\"S41C1 SC5 S2\" id=\"t3r_182\">535 774 </span><span class=\"S41C2 SC5 S2\" id=\"t3s_182\">0.18 </span><span class=\"S41C3 SC5 S2\" id=\"t3t_182\">96 439 </span><span class=\"S41C4 SC5 S2\" id=\"t3u_182\">535 774 </span><span class=\"S41C5 SC5 S2\" id=\"t3v_182\">0.40 </span><span class=\"S41C6 SC5 S2\" id=\"t3w_182\">214 309 </span><span class=\"S41C7 SC5 S2\" id=\"t3x_182\">2006 </span><span class=\"S41C8 SC5 S2\" id=\"t3y_182\">427 774 </span><span class=\"S41C9 SC5 S2\" id=\"t3z_182\">0.50 </span><span class=\"S41CA SC5 S2\" id=\"t40_182\">214 309 </span><span class=\"S41CB SC5 S2\" id=\"t41_182\">427 770 </span><span class=\"S41CC SC5 S2\" id=\"t42_182\">0.18 </span><span class=\"S41CD SC5 S2\" id=\"t43_182\">76 999 </span><span class=\"S41CE SC5 S2\" id=\"t44_182\">2005 </span><span class=\"S41CF SC5 S2\" id=\"t45_182\">393 774 </span><span class=\"S41D0 SC5 S2\" id=\"t46_182\">0.18 </span><span class=\"S41D1 SC5 S2\" id=\"t47_182\">70 879 </span><span class=\"S41D2 SC5 S2\" id=\"t48_182\">378 848 </span><span class=\"S41D3 SC5 S2\" id=\"t49_182\">0.08 </span><span class=\"S41D4 SC5 S2\" id=\"t4a_182\">30 308 </span><span class=\"S41D5 SC5 S2\" id=\"t4b_182\">2004 </span><span class=\"S41D6 SC5 S2\" id=\"t4c_182\">344 408 </span><span class=\"S41D7 SC5 S2\" id=\"t4d_182\">0.09 </span><span class=\"S41D8 SC5 S2\" id=\"t4e_182\">30 308 </span><span class=\"S41D9 SC5 S2\" id=\"t4f_182\">344 408 </span><span class=\"S41DA SC5 S2\" id=\"t4g_182\">0.06 </span><span class=\"S41DB SC5 S2\" id=\"t4h_182\">20 665 </span><span class=\"S41DC SC5 S2\" id=\"t4i_182\">2003 </span><span class=\"S41DD SC5 S2\" id=\"t4j_182\">344 408 </span><span class=\"S41DE SC5 S2\" id=\"t4k_182\">0.06 </span><span class=\"S41DF SC5 S2\" id=\"t4l_182\">20 664 </span><span class=\"S41E0 SC5 S2\" id=\"t4m_182\">294 408 </span><span class=\"S41E1 SC5 S2\" id=\"t4n_182\">0.06 </span><span class=\"S41E2 SC5 S2\" id=\"t4o_182\">17 664 </span><span class=\"S41E3 SC5 S2\" id=\"t4p_182\">2002 </span><span class=\"S41E4 SC5 S2\" id=\"t4q_182\">294 408 </span><span class=\"S41E5 SC5 S2\" id=\"t4r_182\">0.06 </span><span class=\"S41E6 SC5 S2\" id=\"t4s_182\">17 664 </span><span class=\"S41E7 SC5 S2\" id=\"t4t_182\">194 408 </span><span class=\"S41E8 SC5 S2\" id=\"t4u_182\">0.06 </span><span class=\"S41E9 SC5 S2\" id=\"t4v_182\">11 664 </span><span class=\"S41EA SC4 S2\" id=\"t4w_182\">Total </span><span class=\"S41EB SC4 S2\" id=\"t4x_182\">21.15 </span><span class=\"S41EC SC4 S2\" id=\"t4y_182\">12 064 600 </span><span class=\"S41ED SC4 S2\" id=\"t4z_182\">18.60 </span><span class=\"S41EE SC4 S2\" id=\"t50_182\">10 592 950 </span><span class=\"S41EF SC5 S2\" id=\"t51_182\">Recommended dividend to be distributed in 2023 </span><span class=\"S41F0 SC5 S2\" id=\"t52_182\">2.50 </span><span class=\"S41F1 SC5 S2\" id=\"t53_182\">1 489 434 </span><span class=\"S2946 SC4 S2\" id=\"t54_182\">Accumulated dividend distributed. plus dividend recommended for distribution in 2023 </span><span class=\"S41F2 SC4 S2\" id=\"t55_182\">21.10 </span><span class=\"S41F3 SC4 S2\" id=\"t56_182\">12 082 384 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20934": {
   "value": "<span class=\"S4252 S18EC S2\" id=\"t2r_183\">NOTE 21 </span><span class=\"S4253 S18EC S2\" id=\"t2s_183\">Share capital and shareholder information </span><span class=\"S41F7 SC8 S2\" id=\"t1_183\">Ler\u00f8y Seafood Group ASA had 22,698 shareholders at 31 December 2022. The corresponding number at year end 2021 </span><span class=\"S41F8 SC8 S2\" id=\"t2_183\">was 19,056. All shares confer the same rights in the company. End of 2022 it was 604 foreign shareholders. The </span><span class=\"S41F9 SC8 S2\" id=\"t3_183\">corresponding number at year end 2021 was 566. End of 2022 foreign shareholders owned 139,783,088 shares in total, </span><span class=\"S41FA SC8 S2\" id=\"t4_183\">representing 23.4% of the total capital. Corresponding numbers at year end 2021 was 181,781,544 shares, representing </span><span class=\"S41FB SC8 S2\" id=\"t5_183\">30.5% of the total capital. </span><span class=\"S41FC SC4 S2\" id=\"t6_183\">The share capital consists of </span><span class=\"S41FD SC4 S2\" id=\"t7_183\">Total number </span><span class=\"S41FE SC4 S2\" id=\"t8_183\">of shares </span><span class=\"S41FF SC4 S2\" id=\"t9_183\">Nominal value </span><span class=\"S4200 SC4 S2\" id=\"ta_183\">per share </span><span class=\"S4201 SC4 S2\" id=\"tb_183\">Book value </span><span class=\"S4202 SC5 S2\" id=\"tc_183\">Share capital 01.01.2022 </span><span class=\"S4203 SC5 S2\" id=\"td_183\">595 773 680 </span><span class=\"S4204 SC5 S2\" id=\"te_183\">0.10 </span><span class=\"S4205 SC5 S2\" id=\"tf_183\">59 577 368 </span><span class=\"S2EA7 SC4 S2\" id=\"tg_183\">Share capital 31.12.2022 </span><span class=\"S4206 SC4 S2\" id=\"th_183\">595 773 680 </span><span class=\"S4207 SC4 S2\" id=\"ti_183\">0.10 </span><span class=\"S4208 SC4 S2\" id=\"tj_183\">59 577 368 </span><span class=\"S4209 SC4 S2\" id=\"tk_183\">Overview of the 20 largest shareholders at 31.12.2021 </span><span class=\"S420A SC4 S2\" id=\"tl_183\">No. of shares </span><span class=\"S420B SC4 S2\" id=\"tm_183\">Ownership </span><span class=\"S420C SC5 S2\" id=\"tn_183\">AUSTEVOLL SEAFOOD ASA </span><span class=\"S420D SC5 S2\" id=\"to_183\">313 942 810 </span><span class=\"S420E SC5 S2\" id=\"tp_183\">52.69 % </span><span class=\"S420F SC5 S2\" id=\"tq_183\">FOLKETRYGDFONDET </span><span class=\"S4210 SC5 S2\" id=\"tr_183\">32 314 492 </span><span class=\"S4211 SC5 S2\" id=\"ts_183\">5.42 % </span><span class=\"S4212 SC5 S2\" id=\"tt_183\">UBS AG </span><span class=\"S4213 SC5 S2\" id=\"tu_183\">18 484 295 </span><span class=\"S4214 SC5 S2\" id=\"tv_183\">3.10 % </span><span class=\"S4215 SC5 S2\" id=\"tw_183\">State Street Bank and Trust Comp (OM80) </span><span class=\"S4216 SC5 S2\" id=\"tx_183\">9 010 866 </span><span class=\"S4217 SC5 S2\" id=\"ty_183\">1.51 % </span><span class=\"S4218 SC5 S2\" id=\"tz_183\">The Bank of New York Mellon SA/NV </span><span class=\"S4219 SC5 S2\" id=\"t10_183\">7 559 304 </span><span class=\"S421A SC5 S2\" id=\"t11_183\">1.27 % </span><span class=\"S421B SC5 S2\" id=\"t12_183\">PARETO AKSJE NORGE VERDIPAPIRFOND </span><span class=\"S421C SC5 S2\" id=\"t13_183\">7 398 809 </span><span class=\"S421D SC5 S2\" id=\"t14_183\">1.24 % </span><span class=\"S421E SC5 S2\" id=\"t15_183\">FERD AS </span><span class=\"S421F SC5 S2\" id=\"t16_183\">6 682 048 </span><span class=\"S4220 SC5 S2\" id=\"t17_183\">1.12 % </span><span class=\"S4221 SC5 S2\" id=\"t18_183\">Banque Degroof Petercam Lux. SA </span><span class=\"S4222 SC5 S2\" id=\"t19_183\">6 627 179 </span><span class=\"S4223 SC5 S2\" id=\"t1a_183\">1.11 % </span><span class=\"S4224 SC5 S2\" id=\"t1b_183\">BNP PARIBAS SECURITIES SERVICES </span><span class=\"S4225 SC5 S2\" id=\"t1c_183\">5 532 810 </span><span class=\"S4226 SC5 S2\" id=\"t1d_183\">0.93 % </span><span class=\"S4227 SC5 S2\" id=\"t1e_183\">State Street Bank and Trust Comp (OMNIBUS F, REF:OM06) </span><span class=\"S4228 SC5 S2\" id=\"t1f_183\">5 477 668 </span><span class=\"S4229 SC5 S2\" id=\"t1g_183\">0.92 % </span><span class=\"S422A SC5 S2\" id=\"t1h_183\">JPMorgan Chase Bank, N.A., London (USA) </span><span class=\"S422B SC5 S2\" id=\"t1i_183\">4 769 577 </span><span class=\"S422C SC5 S2\" id=\"t1j_183\">0.80 % </span><span class=\"S422D SC5 S2\" id=\"t1k_183\">JPMorgan Chase Bank, N.A., London (UK) </span><span class=\"S422E SC5 S2\" id=\"t1l_183\">4 437 350 </span><span class=\"S422F SC5 S2\" id=\"t1m_183\">0.74 % </span><span class=\"S4230 SC5 S2\" id=\"t1n_183\">VERDIPAPIRFOND ODIN NORGE </span><span class=\"S4231 SC5 S2\" id=\"t1o_183\">4 263 903 </span><span class=\"S4232 SC5 S2\" id=\"t1p_183\">0.72 % </span><span class=\"S4233 SC5 S2\" id=\"t1q_183\">SIX SIS AG </span><span class=\"S4234 SC5 S2\" id=\"t1r_183\">3 939 925 </span><span class=\"S4235 SC5 S2\" id=\"t1s_183\">0.66 % </span><span class=\"S4236 SC5 S2\" id=\"t1t_183\">State Street Bank and Trust Comp </span><span class=\"S4237 SC5 S2\" id=\"t1u_183\">3 923 019 </span><span class=\"S4238 SC5 S2\" id=\"t1v_183\">0.66 % </span><span class=\"S4239 SC5 S2\" id=\"t1w_183\">DANSKE INVEST NORSKE INSTIT. II. </span><span class=\"S423A SC5 S2\" id=\"t1x_183\">3 797 761 </span><span class=\"S423B SC5 S2\" id=\"t1y_183\">0.64 % </span><span class=\"S423C SC5 S2\" id=\"t1z_183\">The Bank of New York Mellon </span><span class=\"S423D SC5 S2\" id=\"t20_183\">3 774 621 </span><span class=\"S423E SC5 S2\" id=\"t21_183\">0.63 % </span><span class=\"S423F SC5 S2\" id=\"t22_183\">J.P. Morgan Bank Luxembourg S.A. </span><span class=\"S4240 SC5 S2\" id=\"t23_183\">3 376 556 </span><span class=\"S4241 SC5 S2\" id=\"t24_183\">0.57 % </span><span class=\"S4242 SC5 S2\" id=\"t25_183\">CLEARSTREAM BANKING S.A. </span><span class=\"S4243 SC5 S2\" id=\"t26_183\">3 282 868 </span><span class=\"S4244 SC5 S2\" id=\"t27_183\">0.55 % </span><span class=\"S4245 SC5 S2\" id=\"t28_183\">VERDIPAPIRFONDET DNB NORGE </span><span class=\"S4246 SC5 S2\" id=\"t29_183\">3 208 080 </span><span class=\"S4247 SC5 S2\" id=\"t2a_183\">0.54 % </span><span class=\"S4248 SC4 S2\" id=\"t2b_183\">Total 20 largest shareholders </span><span class=\"S4249 SC4 S2\" id=\"t2c_183\">451 803 941 </span><span class=\"S424A SC4 S2\" id=\"t2d_183\">75.83 % </span><span class=\"S424B SC5 S2\" id=\"t2e_183\">Others </span><span class=\"S424C SC5 S2\" id=\"t2f_183\">143 969 739 </span><span class=\"S424D SC5 S2\" id=\"t2g_183\">24.17 % </span><span class=\"S424E SC4 S2\" id=\"t2h_183\">Total share capital </span><span class=\"S424F SC4 S2\" id=\"t2i_183\">595 773 680 </span><span class=\"S4250 SC4 S2\" id=\"t2j_183\">100.00 % </span><span class=\"S4254 SC7 S2\" id=\"t1_184\">Shares owned by members of the Board and their related parties </span><span class=\"S4255 SC8 S2\" id=\"t2_184\">Chairman of the Board Arne M\u00f8gster and Board members Britt Kathrine Drivenes and Karoline M\u00f8gster have indirect </span><span class=\"S1D6D SC8 S2\" id=\"t3_184\">ownership in Ler\u00f8y Seafood Group ASA through the parent company Austevoll Seafood ASA. Arne M\u00f8gster and </span><span class=\"S4256 SC8 S2\" id=\"t4_184\">Karoline M\u00f8gster own their shares through the ultimate parent company Laco AS. </span><span class=\"S4257 SC8 S2\" id=\"t5_184\">Board member (employees\u2019 representative) Hans Petter Vestre owns 1,200 shares in Ler\u00f8y Seafood Group ASA at year </span><span class=\"S4258 SC8 S2\" id=\"t6_184\">end, which is the same number as the previous year. </span><span class=\"S4259 SC7 S2\" id=\"t7_184\">Shares owned by the Executive Management and their related parties </span><span class=\"S425A SC8 S2\" id=\"t8_184\">The Chief Operating Of\ufb01cer for VAPSD has also indirect ownership in Ler\u00f8y Seafood Group ASA through the parent </span><span class=\"S425B SC8 S2\" id=\"t9_184\">company </span><span class=\"S425C SC8 S2\" id=\"ta_184\">Austevoll Seafood ASA, where he owns 552 shares. </span><span class=\"S425D SC4 S2\" id=\"tb_184\">Overview of the 20 largest shareholders at 31.12.2022 </span><span class=\"S425E SC4 S2\" id=\"tc_184\">No. of shares </span><span class=\"S425F SC4 S2\" id=\"td_184\">Ownership </span><span class=\"S4260 SC5 S2\" id=\"te_184\">AUSTEVOLL SEAFOOD ASA </span><span class=\"S4261 SC5 S2\" id=\"tf_184\">313 942 810 </span><span class=\"S4262 SC5 S2\" id=\"tg_184\">52.69 % </span><span class=\"S4263 SC5 S2\" id=\"th_184\">FOLKETRYGDFONDET </span><span class=\"S4264 SC5 S2\" id=\"ti_184\">31 690 298 </span><span class=\"S4265 SC5 S2\" id=\"tj_184\">5.32 % </span><span class=\"S4266 SC5 S2\" id=\"tk_184\">UBS AG </span><span class=\"S4267 SC5 S2\" id=\"tl_184\">20 772 025 </span><span class=\"S4268 SC5 S2\" id=\"tm_184\">3.49 % </span><span class=\"S4269 SC5 S2\" id=\"tn_184\">FERD AS </span><span class=\"S426A SC5 S2\" id=\"to_184\">13 502 548 </span><span class=\"S426B SC5 S2\" id=\"tp_184\">2.27 % </span><span class=\"S426C SC5 S2\" id=\"tq_184\">The Bank of New York Mellon SA/NV </span><span class=\"S426D SC5 S2\" id=\"tr_184\">9 023 530 </span><span class=\"S426E SC5 S2\" id=\"ts_184\">1.51 % </span><span class=\"S426F SC5 S2\" id=\"tt_184\">PARETO AKSJE NORGE VERDIPAPIRFOND </span><span class=\"S4270 SC5 S2\" id=\"tu_184\">8 313 909 </span><span class=\"S4271 SC5 S2\" id=\"tv_184\">1.40 % </span><span class=\"S4272 SC5 S2\" id=\"tw_184\">State Street Bank and Trust Comp </span><span class=\"S4273 SC5 S2\" id=\"tx_184\">6 613 857 </span><span class=\"S4274 SC5 S2\" id=\"ty_184\">1.11 % </span><span class=\"S4275 SC5 S2\" id=\"tz_184\">State Street Bank and Trust Comp </span><span class=\"S4276 SC5 S2\" id=\"t10_184\">5 127 863 </span><span class=\"S4277 SC5 S2\" id=\"t11_184\">0.86 % </span><span class=\"S4278 SC5 S2\" id=\"t12_184\">JPMorgan Chase Bank, N.A., London </span><span class=\"S4279 SC5 S2\" id=\"t13_184\">5 058 877 </span><span class=\"S427A SC5 S2\" id=\"t14_184\">0.85 % </span><span class=\"S427B SC5 S2\" id=\"t15_184\">JPMorgan Chase Bank, N.A., London </span><span class=\"S427C SC5 S2\" id=\"t16_184\">4 811 257 </span><span class=\"S427D SC5 S2\" id=\"t17_184\">0.81 % </span><span class=\"S427E SC5 S2\" id=\"t18_184\">BNP Paribas Securities Services </span><span class=\"S427F SC5 S2\" id=\"t19_184\">4 790 002 </span><span class=\"S4280 SC5 S2\" id=\"t1a_184\">0.80 % </span><span class=\"S4281 SC5 S2\" id=\"t1b_184\">VERDIPAPIRFOND ODIN NORGE </span><span class=\"S4282 SC5 S2\" id=\"t1c_184\">4 438 261 </span><span class=\"S4283 SC5 S2\" id=\"t1d_184\">0.74 % </span><span class=\"S4284 SC5 S2\" id=\"t1e_184\">DANSKE INVEST NORSKE INSTIT. II. </span><span class=\"S4285 SC5 S2\" id=\"t1f_184\">4 346 124 </span><span class=\"S4286 SC5 S2\" id=\"t1g_184\">0.73 % </span><span class=\"S4287 SC5 S2\" id=\"t1h_184\">SIX SIS AG </span><span class=\"S4288 SC5 S2\" id=\"t1i_184\">4 263 903 </span><span class=\"S4289 SC5 S2\" id=\"t1j_184\">0.72 % </span><span class=\"S428A SC5 S2\" id=\"t1k_184\">The Bank of New York Mellon </span><span class=\"S428B SC5 S2\" id=\"t1l_184\">3 545 086 </span><span class=\"S428C SC5 S2\" id=\"t1m_184\">0.60 % </span><span class=\"S428D SC5 S2\" id=\"t1n_184\">CLEARSTREAM BANKING S.A. </span><span class=\"S428E SC5 S2\" id=\"t1o_184\">3 044 253 </span><span class=\"S428F SC5 S2\" id=\"t1p_184\">0.51 % </span><span class=\"S4290 SC5 S2\" id=\"t1q_184\">State Street Bank and Trust Comp </span><span class=\"S4291 SC5 S2\" id=\"t1r_184\">2 825 930 </span><span class=\"S4292 SC5 S2\" id=\"t1s_184\">0.47 % </span><span class=\"S4293 SC5 S2\" id=\"t1t_184\">J.P. Morgan SE </span><span class=\"S4294 SC5 S2\" id=\"t1u_184\">2 788 744 </span><span class=\"S4295 SC5 S2\" id=\"t1v_184\">0.47 % </span><span class=\"S4296 SC5 S2\" id=\"t1w_184\">J.P. Morgan SE </span><span class=\"S4297 SC5 S2\" id=\"t1x_184\">2 723 515 </span><span class=\"S4298 SC5 S2\" id=\"t1y_184\">0.46 % </span><span class=\"S4299 SC5 S2\" id=\"t1z_184\">VPF DNB AM NORSKE AKSJER </span><span class=\"S429A SC5 S2\" id=\"t20_184\">2 713 021 </span><span class=\"S429B SC5 S2\" id=\"t21_184\">0.46 % </span><span class=\"S429C SC4 S2\" id=\"t22_184\">Total 20 largest shareholders </span><span class=\"S429D SC4 S2\" id=\"t23_184\">454 335 813 </span><span class=\"S429E SC4 S2\" id=\"t24_184\">76.26 % </span><span class=\"S429F SC5 S2\" id=\"t25_184\">Others </span><span class=\"S42A0 SC5 S2\" id=\"t26_184\">141 437 867 </span><span class=\"S42A1 SC5 S2\" id=\"t27_184\">23.74 % </span><span class=\"S42A2 SC4 S2\" id=\"t28_184\">Total share capital </span><span class=\"S42A3 SC4 S2\" id=\"t29_184\">595 773 680 </span><span class=\"S42A4 SC4 S2\" id=\"t2a_184\">100.00 % </span><span class=\"S42A5 SC4 S2\" id=\"t2b_184\">Name </span><span class=\"S42A6 SC4 S2\" id=\"t2c_184\">Position </span><span class=\"S42A7 SC4 S2\" id=\"t2d_184\">2022 </span><span class=\"S42A8 SC4 S2\" id=\"t2e_184\">2021 </span><span class=\"S42A9 SC5 S2\" id=\"t2f_184\">Henning Beltestad </span><span class=\"S42AA SC5 S2\" id=\"t2g_184\">CEO </span><span class=\"S42AB SC5 S2\" id=\"t2h_184\">64 200 </span><span class=\"S42AC SC5 S2\" id=\"t2i_184\">49 200 </span><span class=\"S42AD SC5 S2\" id=\"t2j_184\">Sjur Malm </span><span class=\"S42AE SC5 S2\" id=\"t2k_184\">CFO </span><span class=\"S42AF SC5 S2\" id=\"t2l_184\">15 000 </span><span class=\"S42B0 SC5 S2\" id=\"t2m_184\">15 000 </span><span class=\"S42B1 SC5 S2\" id=\"t2n_184\">Ivar Wulff </span><span class=\"S42B2 SC5 S2\" id=\"t2o_184\">COO VAPSD </span><span class=\"S42B3 SC5 S2\" id=\"t2p_184\">12 000 </span><span class=\"S42B4 SC5 S2\" id=\"t2q_184\">0 </span><span class=\"S42B5 SC5 S2\" id=\"t2r_184\">Bjarne Reinert </span><span class=\"S42B6 SC5 S2\" id=\"t2s_184\">COO Farming </span><span class=\"S42B7 SC5 S2\" id=\"t2t_184\">2 800 </span><span class=\"S42B8 SC5 S2\" id=\"t2u_184\">2 800 </span><span class=\"S42B9 SC5 S2\" id=\"t2v_184\">Siren Gr\u00f8nhaug </span><span class=\"S42BA SC5 S2\" id=\"t2w_184\">CHRO </span><span class=\"S42BB SC5 S2\" id=\"t2x_184\">1 200 </span><span class=\"S42BC SC5 S2\" id=\"t2y_184\">1 200 </span><span class=\"S42BD SC4 S2\" id=\"t2z_184\">Total </span><span class=\"S42BE SC4 S2\" id=\"t30_184\">95 200 </span><span class=\"S42BF SC4 S2\" id=\"t31_184\">68 200 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20945": {
   "value": "<span class=\"S4254 SC7 S2\" id=\"t1_184\">Shares owned by members of the Board and their related parties </span><span class=\"S4255 SC8 S2\" id=\"t2_184\">Chairman of the Board Arne M\u00f8gster and Board members Britt Kathrine Drivenes and Karoline M\u00f8gster have indirect </span><span class=\"S1D6D SC8 S2\" id=\"t3_184\">ownership in Ler\u00f8y Seafood Group ASA through the parent company Austevoll Seafood ASA. Arne M\u00f8gster and </span><span class=\"S4256 SC8 S2\" id=\"t4_184\">Karoline M\u00f8gster own their shares through the ultimate parent company Laco AS. </span><span class=\"S4257 SC8 S2\" id=\"t5_184\">Board member (employees\u2019 representative) Hans Petter Vestre owns 1,200 shares in Ler\u00f8y Seafood Group ASA at year </span><span class=\"S4258 SC8 S2\" id=\"t6_184\">end, which is the same number as the previous year. </span><span class=\"S4259 SC7 S2\" id=\"t7_184\">Shares owned by the Executive Management and their related parties </span><span class=\"S425A SC8 S2\" id=\"t8_184\">The Chief Operating Of\ufb01cer for VAPSD has also indirect ownership in Ler\u00f8y Seafood Group ASA through the parent </span><span class=\"S425B SC8 S2\" id=\"t9_184\">company </span><span class=\"S425C SC8 S2\" id=\"ta_184\">Austevoll Seafood ASA, where he owns 552 shares. </span><span class=\"S42A5 SC4 S2\" id=\"t2b_184\">Name </span><span class=\"S42A6 SC4 S2\" id=\"t2c_184\">Position </span><span class=\"S42A7 SC4 S2\" id=\"t2d_184\">2022 </span><span class=\"S42A8 SC4 S2\" id=\"t2e_184\">2021 </span><span class=\"S42A9 SC5 S2\" id=\"t2f_184\">Henning Beltestad </span><span class=\"S42AA SC5 S2\" id=\"t2g_184\">CEO </span><span class=\"S42AB SC5 S2\" id=\"t2h_184\">64 200 </span><span class=\"S42AC SC5 S2\" id=\"t2i_184\">49 200 </span><span class=\"S42AD SC5 S2\" id=\"t2j_184\">Sjur Malm </span><span class=\"S42AE SC5 S2\" id=\"t2k_184\">CFO </span><span class=\"S42AF SC5 S2\" id=\"t2l_184\">15 000 </span><span class=\"S42B0 SC5 S2\" id=\"t2m_184\">15 000 </span><span class=\"S42B1 SC5 S2\" id=\"t2n_184\">Ivar Wulff </span><span class=\"S42B2 SC5 S2\" id=\"t2o_184\">COO VAPSD </span><span class=\"S42B3 SC5 S2\" id=\"t2p_184\">12 000 </span><span class=\"S42B4 SC5 S2\" id=\"t2q_184\">0 </span><span class=\"S42B5 SC5 S2\" id=\"t2r_184\">Bjarne Reinert </span><span class=\"S42B6 SC5 S2\" id=\"t2s_184\">COO Farming </span><span class=\"S42B7 SC5 S2\" id=\"t2t_184\">2 800 </span><span class=\"S42B8 SC5 S2\" id=\"t2u_184\">2 800 </span><span class=\"S42B9 SC5 S2\" id=\"t2v_184\">Siren Gr\u00f8nhaug </span><span class=\"S42BA SC5 S2\" id=\"t2w_184\">CHRO </span><span class=\"S42BB SC5 S2\" id=\"t2x_184\">1 200 </span><span class=\"S42BC SC5 S2\" id=\"t2y_184\">1 200 </span><span class=\"S42BD SC4 S2\" id=\"t2z_184\">Total </span><span class=\"S42BE SC4 S2\" id=\"t30_184\">95 200 </span><span class=\"S42BF SC4 S2\" id=\"t31_184\">68 200 </span><span class=\"S42C1 SC8 S2\" id=\"t1_185\">Remuneration of board members </span><span class=\"S42C2 SC8 S2\" id=\"t2_185\">totalled NOK 1 567 in 2022 (equally </span><span class=\"S42C3 SC8 S2\" id=\"t3_185\">distributed). The remuneration in </span><span class=\"S42C4 SC8 S2\" id=\"t4_185\">2021 was NOK 1 250. The number of </span><span class=\"S42C5 SC8 S2\" id=\"t5_185\">Board members has been reduced </span><span class=\"S42C6 SC8 S2\" id=\"t6_185\">from 7 to 6 persons during 2022. </span><span class=\"S42C7 SC8 S2\" id=\"t7_185\">Remuneration of the nomination </span><span class=\"S42C8 SC8 S2\" id=\"t8_185\">committee is unchanged compared </span><span class=\"S42C9 SC8 S2\" id=\"t9_185\">to the previous year, and amounts to </span><span class=\"S42CA SC8 S2\" id=\"ta_185\">NOK 135 in 2022. As for the members </span><span class=\"S42CB SC8 S2\" id=\"tb_185\">of the Board, the remuneration per </span><span class=\"S42CC SC8 S2\" id=\"tc_185\">member is equally distributed. </span><span class=\"S42CD SC8 S2\" id=\"td_185\">Remuneration of the audit </span><span class=\"S42CE SC8 S2\" id=\"te_185\">committee is increased compared to </span><span class=\"S42CF SC8 S2\" id=\"tf_185\">the previous year, and amounts to </span><span class=\"S42D0 SC8 S2\" id=\"tg_185\">NOK 230 in 2022, compared to NOK 170 </span><span class=\"S42D1 SC8 S2\" id=\"th_185\">in 2021. The remuneration per member </span><span class=\"S42D2 SC8 S2\" id=\"ti_185\">is equally distributed. </span><span class=\"S42D3 SC8 S2\" id=\"tj_185\">A description of the main principles </span><span class=\"S42D4 SC8 S2\" id=\"tk_185\">for the company`s salary policy is </span><span class=\"S42D5 SC8 S2\" id=\"tl_185\">included in the Board of Directors\u2019 </span><span class=\"S42D6 SC8 S2\" id=\"tm_185\">statement regarding salary and other </span><span class=\"S42D7 SC8 S2\" id=\"tn_185\">remuneration of executive personnel. </span><span class=\"S4303 SC4 S2\" id=\"t1x_185\">Remuneration of senior executives in 2021 </span><span class=\"S4304 SC4 S2\" id=\"t1y_185\">Salary </span><span class=\"S4305 SC4 S2\" id=\"t1z_185\">Bonus </span><span class=\"S4306 SC4 S2\" id=\"t20_185\">Pension </span><span class=\"S4307 SC4 S2\" id=\"t21_185\">Other </span><span class=\"S4308 SC4 S2\" id=\"t22_185\">Total </span><span class=\"S40BF SC5 S2\" id=\"t23_185\">CEO </span><span class=\"S4309 SC5 S2\" id=\"t24_185\">3 564 </span><span class=\"S430A SC5 S2\" id=\"t25_185\">3 000 </span><span class=\"S430B SC5 S2\" id=\"t26_185\">174 </span><span class=\"S430C SC5 S2\" id=\"t27_185\">11 </span><span class=\"S430D SC5 S2\" id=\"t28_185\">6 749 </span><span class=\"S430E SC5 S2\" id=\"t29_185\">CFO </span><span class=\"S430F SC5 S2\" id=\"t2a_185\">2 719 </span><span class=\"S4310 SC5 S2\" id=\"t2b_185\">1 785 </span><span class=\"S4311 SC5 S2\" id=\"t2c_185\">175 </span><span class=\"S4312 SC5 S2\" id=\"t2d_185\">21 </span><span class=\"S4313 SC5 S2\" id=\"t2e_185\">4 700 </span><span class=\"S4314 SC5 S2\" id=\"t2f_185\">COO Farming </span><span class=\"S4315 SC5 S2\" id=\"t2g_185\">2 014 </span><span class=\"S4316 SC5 S2\" id=\"t2h_185\">209 </span><span class=\"S4317 SC5 S2\" id=\"t2i_185\">173 </span><span class=\"S4318 SC5 S2\" id=\"t2j_185\">11 </span><span class=\"S4319 SC5 S2\" id=\"t2k_185\">2 407 </span><span class=\"S431A SC5 S2\" id=\"t2l_185\">COO VAPSD </span><span class=\"S431B SC5 S2\" id=\"t2m_185\">2 198 </span><span class=\"S431C SC5 S2\" id=\"t2n_185\">1 000 </span><span class=\"S431D SC5 S2\" id=\"t2o_185\">172 </span><span class=\"S431E SC5 S2\" id=\"t2p_185\">30 </span><span class=\"S431F SC5 S2\" id=\"t2q_185\">3 400 </span><span class=\"S4320 SC5 S2\" id=\"t2r_185\">CHRO </span><span class=\"S4321 SC5 S2\" id=\"t2s_185\">1 974 </span><span class=\"S4322 SC5 S2\" id=\"t2t_185\">1 000 </span><span class=\"S4323 SC5 S2\" id=\"t2u_185\">174 </span><span class=\"S4324 SC5 S2\" id=\"t2v_185\">30 </span><span class=\"S4325 SC5 S2\" id=\"t2w_185\">3 178 </span><span class=\"S4326 SC4 S2\" id=\"t2x_185\">Remuneration of senior executives in 2022 </span><span class=\"S4327 SC4 S2\" id=\"t2y_185\">Salary </span><span class=\"S4328 SC4 S2\" id=\"t2z_185\">Bonus </span><span class=\"S4329 SC4 S2\" id=\"t30_185\">Pension </span><span class=\"S432A SC4 S2\" id=\"t31_185\">Other </span><span class=\"S432B SC4 S2\" id=\"t32_185\">Total </span><span class=\"S432C SC5 S2\" id=\"t33_185\">CEO </span><span class=\"S432D SC5 S2\" id=\"t34_185\">3 519 </span><span class=\"S432E SC5 S2\" id=\"t35_185\">4 600 </span><span class=\"S432F SC5 S2\" id=\"t36_185\">186 </span><span class=\"S4330 SC5 S2\" id=\"t37_185\">9 </span><span class=\"S4331 SC5 S2\" id=\"t38_185\">8 314 </span><span class=\"S4332 SC5 S2\" id=\"t39_185\">CFO </span><span class=\"S4333 SC5 S2\" id=\"t3a_185\">2 764 </span><span class=\"S4334 SC5 S2\" id=\"t3b_185\">2 054 </span><span class=\"S4335 SC5 S2\" id=\"t3c_185\">186 </span><span class=\"S4336 SC5 S2\" id=\"t3d_185\">9 </span><span class=\"S4337 SC5 S2\" id=\"t3e_185\">5 013 </span><span class=\"S4338 SC5 S2\" id=\"t3f_185\">COO Farming </span><span class=\"S4339 SC5 S2\" id=\"t3g_185\">2 096 </span><span class=\"S433A SC5 S2\" id=\"t3h_185\">1 120 </span><span class=\"S433B SC5 S2\" id=\"t3i_185\">186 </span><span class=\"S433C SC5 S2\" id=\"t3j_185\">9 </span><span class=\"S433D SC5 S2\" id=\"t3k_185\">3 411 </span><span class=\"S433E SC5 S2\" id=\"t3l_185\">COO VAPSD </span><span class=\"S433F SC5 S2\" id=\"t3m_185\">2 135 </span><span class=\"S4340 SC5 S2\" id=\"t3n_185\">1 120 </span><span class=\"S4341 SC5 S2\" id=\"t3o_185\">186 </span><span class=\"S4342 SC5 S2\" id=\"t3p_185\">9 </span><span class=\"S4343 SC5 S2\" id=\"t3q_185\">3 450 </span><span class=\"S4344 SC5 S2\" id=\"t3r_185\">CHRO </span><span class=\"S4345 SC5 S2\" id=\"t3s_185\">1 927 </span><span class=\"S4346 SC5 S2\" id=\"t3t_185\">1 120 </span><span class=\"S4347 SC5 S2\" id=\"t3u_185\">187 </span><span class=\"S4348 SC5 S2\" id=\"t3v_185\">9 </span><span class=\"S4349 SC5 S2\" id=\"t3w_185\">3 243 </span><span class=\"S4352 SC7 S2\" id=\"t7_186\">Loans to employees </span><span class=\"S4353 SC8 S2\" id=\"t8_186\">No loans have been granted to the </span><span class=\"S4354 SC8 S2\" id=\"t9_186\">CEO, Chairman of the Board or other </span><span class=\"S4355 SC8 S2\" id=\"ta_186\">related parties. No single loan or </span><span class=\"S4356 SC8 S2\" id=\"tb_186\">guarantee to employees has been </span><span class=\"S4357 SC8 S2\" id=\"tc_186\">granted for more than 5% of the </span><span class=\"S4358 SC8 S2\" id=\"td_186\">company\u2019s equity. </span><span class=\"S1EC3 SC8 S2\" id=\"t1_189\">Ler\u00f8y Seafood Group ASA is a </span><span class=\"S2169 SC8 S2\" id=\"t2_189\">subsidiary of Austevoll Seafood ASA, </span><span class=\"S442F SC8 S2\" id=\"t3_189\">which in turn is a subsidiary of Laco </span><span class=\"S1EC6 SC8 S2\" id=\"t4_189\">AS. Laco AS is the ultimate parent </span><span class=\"S4430 SC8 S2\" id=\"t5_189\">company. Transactions and </span><span class=\"S4431 SC8 S2\" id=\"t6_189\">intercompany accounts with other </span><span class=\"S4432 SC8 S2\" id=\"t7_189\">Group companies in the Laco AS </span><span class=\"S3D4F SC8 S2\" id=\"t8_189\">corporation, not covered by Ler\u00f8y </span><span class=\"S4433 SC8 S2\" id=\"t9_189\">Seafood Group ASA, are classi\ufb01ed as </span><span class=\"S2058 SC8 S2\" id=\"ta_189\">transactions and intercompany </span><span class=\"S4434 SC8 S2\" id=\"tb_189\">accounts with related parties. The </span><span class=\"S23AD SC8 S2\" id=\"tc_189\">same applies to associates of the </span><span class=\"S4435 SC8 S2\" id=\"td_189\">above. </span><span class=\"S229C SC8 S2\" id=\"te_189\">Associates owned by Ler\u00f8y Seafood </span><span class=\"S4436 SC8 S2\" id=\"tf_189\">Group, and non-controlling interests </span><span class=\"S4437 SC8 S2\" id=\"tg_189\">in subsidiaries, are also classi\ufb01ed as </span><span class=\"S4438 SC8 S2\" id=\"th_189\">related parties. </span><span class=\"S2028 SC8 S2\" id=\"ti_189\">In addition, any companies owned by </span><span class=\"S4439 SC8 S2\" id=\"tj_189\">employees, in particular senior </span><span class=\"S443A SC8 S2\" id=\"tk_189\">executives, are classi\ufb01ed as related </span><span class=\"S443B SC8 S2\" id=\"tl_189\">parties. No transactions of signi\ufb01cance </span><span class=\"S443C SC8 S2\" id=\"tm_189\">between such companies have been </span><span class=\"S443D SC8 S2\" id=\"tn_189\">identi\ufb01ed. </span><span class=\"S443E SC8 S2\" id=\"to_189\">Transactions and intercompany </span><span class=\"S443F SC8 S2\" id=\"tp_189\">accounts with associates and other </span><span class=\"S2388 SC8 S2\" id=\"tq_189\">identi\ufb01ed related parties of Ler\u00f8y </span><span class=\"S4440 SC8 S2\" id=\"tr_189\">Seafood Group ASA are as follows: </span><span class=\"S4441 SC4 S2\" id=\"ts_189\">2021 </span><span class=\"S4442 SC4 S2\" id=\"tt_189\">Ownership </span><span class=\"S4443 SC4 S2\" id=\"tu_189\">Sales </span><span class=\"S4444 SC4 S2\" id=\"tv_189\">Purchases </span><span class=\"S4445 SC4 S2\" id=\"tw_189\">Receivables </span><span class=\"S4446 SC4 S2\" id=\"tx_189\">Liabilities </span><span class=\"S4447 SC4 S2\" id=\"ty_189\">Transactions with parent company and its related parties </span><span class=\"S4448 SC5 S2\" id=\"tz_189\">Laco AS </span><span class=\"S4449 SAF1 S2\" id=\"t10_189\">\u201dUltimate parent\u201d </span><span class=\"S444A SC5 S2\" id=\"t11_189\">0 </span><span class=\"S444B SC5 S2\" id=\"t12_189\">5 108 </span><span class=\"S444C SC5 S2\" id=\"t13_189\">0 </span><span class=\"S444D SC5 S2\" id=\"t14_189\">0 </span><span class=\"S444E SC5 S2\" id=\"t15_189\">Fitjar Mekaniske Verksted AS </span><span class=\"S444F SC5 S2\" id=\"t16_189\">Laco AS (100%) </span><span class=\"S4450 SC5 S2\" id=\"t17_189\">0 </span><span class=\"S4451 SC5 S2\" id=\"t18_189\">23 619 </span><span class=\"S4452 SC5 S2\" id=\"t19_189\">0 </span><span class=\"S4453 SC5 S2\" id=\"t1a_189\">378 </span><span class=\"S4454 SC5 S2\" id=\"t1b_189\">Pelagia AS </span><span class=\"S4455 SC5 S2\" id=\"t1c_189\">Austevoll Seafood ASA (50%) </span><span class=\"S4456 SC5 S2\" id=\"t1d_189\">0 </span><span class=\"S4457 SC5 S2\" id=\"t1e_189\">9 </span><span class=\"S4458 SC5 S2\" id=\"t1f_189\">0 </span><span class=\"S4459 SC5 S2\" id=\"t1g_189\">0 </span><span class=\"S445A SC5 S2\" id=\"t1h_189\">Austevoll Seafood ASA </span><span class=\"S445B SC5 S2\" id=\"t1i_189\">Laco AS (55.55%) </span><span class=\"S445C SC5 S2\" id=\"t1j_189\">0 </span><span class=\"S445D SC5 S2\" id=\"t1k_189\">50 </span><span class=\"S445E SC5 S2\" id=\"t1l_189\">0 </span><span class=\"S445F SC5 S2\" id=\"t1m_189\">0 </span><span class=\"S4460 SC5 S2\" id=\"t1n_189\">Hordafor AS </span><span class=\"S4461 SC5 S2\" id=\"t1o_189\">Pelagia AS (100%) </span><span class=\"S4462 SC5 S2\" id=\"t1p_189\">46 051 </span><span class=\"S4463 SC5 S2\" id=\"t1q_189\">26 300 </span><span class=\"S4464 SC5 S2\" id=\"t1r_189\">2 370 </span><span class=\"S4465 SC5 S2\" id=\"t1s_189\">1 033 </span><span class=\"S4466 SC5 S2\" id=\"t1t_189\">Austevoll Laksepakkeri AS </span><span class=\"S4467 SC5 S2\" id=\"t1u_189\">Austevoll Seafood ASA (100%) </span><span class=\"S4468 SC5 S2\" id=\"t1v_189\">2 569 </span><span class=\"S4469 SC5 S2\" id=\"t1w_189\">169 608 </span><span class=\"S446A SC5 S2\" id=\"t1x_189\">212 </span><span class=\"S446B SC5 S2\" id=\"t1y_189\">18 618 </span><span class=\"S446C SC5 S2\" id=\"t1z_189\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S446D SC5 S2\" id=\"t20_189\">Br\u00f8drene Birkeland Farming AS </span><span class=\"S446E SC5 S2\" id=\"t21_189\">(100%) </span><span class=\"S446F SC5 S2\" id=\"t22_189\">17 195 </span><span class=\"S4470 SC5 S2\" id=\"t23_189\">17 845 </span><span class=\"S4471 SC5 S2\" id=\"t24_189\">21 493 </span><span class=\"S4472 SC5 S2\" id=\"t25_189\">22 258 </span><span class=\"S4473 SC5 S2\" id=\"t26_189\">Hordalaks Holding AS group </span><span class=\"S4474 SC5 S2\" id=\"t27_189\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S4475 SC5 S2\" id=\"t28_189\">0 </span><span class=\"S4476 SC5 S2\" id=\"t29_189\">3 652 </span><span class=\"S4477 SC5 S2\" id=\"t2a_189\">0 </span><span class=\"S4478 SC5 S2\" id=\"t2b_189\">2 848 </span><span class=\"S4479 SC4 S2\" id=\"t2c_189\">Transactions with the Group's own associates and non-controlling interests (NCI) in subsidiaries </span><span class=\"S447A SC5 S2\" id=\"t2d_189\">Norskott Havbruk AS </span><span class=\"S447B SC5 S2\" id=\"t2e_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S447C SC5 S2\" id=\"t2f_189\">52 </span><span class=\"S447D SC5 S2\" id=\"t2g_189\">0 </span><span class=\"S447E SC5 S2\" id=\"t2h_189\">0 </span><span class=\"S447F SC5 S2\" id=\"t2i_189\">0 </span><span class=\"S4480 SC5 S2\" id=\"t2j_189\">Scottish Seafarms </span><span class=\"S4481 SC5 S2\" id=\"t2k_189\">Norskott Havbruk AS (100%) </span><span class=\"S4482 SC5 S2\" id=\"t2l_189\">0 </span><span class=\"S4483 SC5 S2\" id=\"t2m_189\">171 227 </span><span class=\"S4484 SC5 S2\" id=\"t2n_189\">0 </span><span class=\"S4485 SC5 S2\" id=\"t2o_189\">3 605 </span><span class=\"S4486 SC5 S2\" id=\"t2p_189\">Seistar Holding AS group </span><span class=\"S4487 SC5 S2\" id=\"t2q_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4488 SC5 S2\" id=\"t2r_189\">9 </span><span class=\"S4489 SC5 S2\" id=\"t2s_189\">169 205 </span><span class=\"S448A SC5 S2\" id=\"t2t_189\">0 </span><span class=\"S448B SC5 S2\" id=\"t2u_189\">835 </span><span class=\"S448C SC5 S2\" id=\"t2v_189\">Seafood Danmark A/S group (until 31.03.2021) </span><span class=\"S448D SC5 S2\" id=\"t2w_189\">Ler\u00f8y Seafood Group ASA (33.33%) </span><span class=\"S448E SC5 S2\" id=\"t2x_189\">2 250 </span><span class=\"S448F SC5 S2\" id=\"t2y_189\">0 </span><span class=\"S4490 SC5 S2\" id=\"t2z_189\">0 </span><span class=\"S4491 SC5 S2\" id=\"t30_189\">0 </span><span class=\"S4492 SC5 S2\" id=\"t31_189\">Sporbarhet AS </span><span class=\"S4493 SC5 S2\" id=\"t32_189\">Ler\u00f8y Seafood Group ASA (27%) </span><span class=\"S4494 SC5 S2\" id=\"t33_189\">0 </span><span class=\"S4495 SC5 S2\" id=\"t34_189\">4 016 </span><span class=\"S4496 SC5 S2\" id=\"t35_189\">0 </span><span class=\"S4497 SC5 S2\" id=\"t36_189\">0 </span><span class=\"S4498 SC5 S2\" id=\"t37_189\">Ocean Forest AS </span><span class=\"S4499 SC5 S2\" id=\"t38_189\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S449A SC5 S2\" id=\"t39_189\">70 </span><span class=\"S449B SC5 S2\" id=\"t3a_189\">3 000 </span><span class=\"S449C SC5 S2\" id=\"t3b_189\">1 522 </span><span class=\"S449D SC5 S2\" id=\"t3c_189\">0 </span><span class=\"S449E SC5 S2\" id=\"t3d_189\">The Seafood Innovation Cluster </span><span class=\"S449F SC5 S2\" id=\"t3e_189\">Ler\u00f8y Seafood Group ASA (20%) </span><span class=\"S44A0 SC5 S2\" id=\"t3f_189\">0 </span><span class=\"S44A1 SC5 S2\" id=\"t3g_189\">726 </span><span class=\"S44A2 SC5 S2\" id=\"t3h_189\">0 </span><span class=\"S44A3 SC5 S2\" id=\"t3i_189\">12 </span><span class=\"S44A4 SC5 S2\" id=\"t3j_189\">Finnmark Kyst\ufb01ske AS </span><span class=\"S44A5 SC5 S2\" id=\"t3k_189\">Hav\ufb01sk AS (48%) </span><span class=\"S44A6 SC5 S2\" id=\"t3l_189\">0 </span><span class=\"S44A7 SC5 S2\" id=\"t3m_189\">0 </span><span class=\"S44A8 SC5 S2\" id=\"t3n_189\">8 500 </span><span class=\"S44A9 SC5 S2\" id=\"t3o_189\">0 </span><span class=\"S44AA SC5 S2\" id=\"t3p_189\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S44AB SC5 S2\" id=\"t3q_189\">Ler\u00f8y Norway Seafoods AS (33.5%) </span><span class=\"S44AC SC5 S2\" id=\"t3r_189\">0 </span><span class=\"S44AD SC5 S2\" id=\"t3s_189\">648 </span><span class=\"S44AE SC5 S2\" id=\"t3t_189\">0 </span><span class=\"S44AF SC5 S2\" id=\"t3u_189\">0 </span><span class=\"S44B0 SC5 S2\" id=\"t3v_189\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S44B1 SC5 S2\" id=\"t3w_189\">Ler\u00f8y Norway Seafoods AS (28.2%) </span><span class=\"S44B2 SC5 S2\" id=\"t3x_189\">0 </span><span class=\"S44B3 SC5 S2\" id=\"t3y_189\">16 </span><span class=\"S44B4 SC5 S2\" id=\"t3z_189\">0 </span><span class=\"S44B5 SC5 S2\" id=\"t40_189\">0 </span><span class=\"S44B6 SC5 S2\" id=\"t41_189\">Itub AS </span><span class=\"S44B7 SC5 S2\" id=\"t42_189\">Ler\u00f8y Norway Seafoods AS (22.3%) </span><span class=\"S44B8 SC5 S2\" id=\"t43_189\">0 </span><span class=\"S44B9 SC5 S2\" id=\"t44_189\">5 939 </span><span class=\"S44BA SC5 S2\" id=\"t45_189\">0 </span><span class=\"S44BB SC5 S2\" id=\"t46_189\">175 </span><span class=\"S44BC SC5 S2\" id=\"t47_189\">Romsdal Processing AS </span><span class=\"S44BD SC5 S2\" id=\"t48_189\">Ler\u00f8y Aurora AS (44.4%) </span><span class=\"S44BE SC5 S2\" id=\"t49_189\">0 </span><span class=\"S44BF SC5 S2\" id=\"t4a_189\">80 795 </span><span class=\"S44C0 SC5 S2\" id=\"t4b_189\">0 </span><span class=\"S44C1 SC5 S2\" id=\"t4c_189\">10 046 </span><span class=\"S44C2 SC5 S2\" id=\"t4d_189\">Kirkenes Processing AS </span><span class=\"S44C3 SC5 S2\" id=\"t4e_189\">Ler\u00f8y Aurora AS (50%) </span><span class=\"S44C4 SC5 S2\" id=\"t4f_189\">0 </span><span class=\"S44C5 SC5 S2\" id=\"t4g_189\">29 371 </span><span class=\"S44C6 SC5 S2\" id=\"t4h_189\">7 436 </span><span class=\"S44C7 SC5 S2\" id=\"t4i_189\">127 </span><span class=\"S44C8 SC5 S2\" id=\"t4j_189\">Norway Salmon AS </span><span class=\"S44C9 SC5 S2\" id=\"t4k_189\">Ler\u00f8y Midt AS (20%) </span><span class=\"S44CA SC5 S2\" id=\"t4l_189\">0 </span><span class=\"S44CB SC5 S2\" id=\"t4m_189\">0 </span><span class=\"S44CC SC5 S2\" id=\"t4n_189\">2 000 </span><span class=\"S44CD SC5 S2\" id=\"t4o_189\">0 </span><span class=\"S44CE SC5 S2\" id=\"t4p_189\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S44CF SC5 S2\" id=\"t4q_189\">Sirevaag AS (46.5%) </span><span class=\"S44D0 SC5 S2\" id=\"t4r_189\">0 </span><span class=\"S44D1 SC5 S2\" id=\"t4s_189\">0 </span><span class=\"S44D2 SC5 S2\" id=\"t4t_189\">4 500 </span><span class=\"S44D3 SC5 S2\" id=\"t4u_189\">0 </span><span class=\"S44D4 SC4 S2\" id=\"t4v_189\">Total transactions and intercompany accounts with all identi\ufb01ed related parties </span><span class=\"S44D5 SC4 S2\" id=\"t4w_189\">68 196 </span><span class=\"S44D6 SC4 S2\" id=\"t4x_189\">711 134 </span><span class=\"S44D7 SC4 S2\" id=\"t4y_189\">48 033 </span><span class=\"S44D8 SC4 S2\" id=\"t4z_189\">59 935 </span><span class=\"S44D9 SC5 S2\" id=\"t50_189\">NCI means \"non controlling interests\" </span><span class=\"S44DA SC5 S2\" id=\"t51_189\">Dividend received from associated companies is speci\ufb01ed in the note on associated companies </span><span class=\"S44DB SC5 S2\" id=\"t52_189\">The capital in the associated company Norskott Havbruk AS has been increased with NOK 305.5 million. See note on associates in annual </span><span class=\"S44DC SC5 S2\" id=\"t53_189\">\ufb01nancial statements for the group. </span><span class=\"S44DD SC5 S2\" id=\"t54_189\">Ler\u00f8y Seafood Group ASA acquired </span><span class=\"S44DE SC5 S2\" id=\"t55_189\">Ler\u00f8y \u00c5rskog AS from the ultimate parent company Laco AS for NOK 38.9 million. The transaction was </span><span class=\"S44DF SC5 S2\" id=\"t56_189\">carried out after arm lenght principle. </span><span class=\"S44E0 SC5 S2\" id=\"t57_189\">The transaction is further described in the Group note on acquisitions. </span><span class=\"S44E2 S18EC S2\" id=\"t5f_189\">NOTE 25 </span><span class=\"S3A29 S18EC S2\" id=\"t5g_189\">Related parties </span><span class=\"S44E3 SC4 S2\" id=\"t1_190\">2022 </span><span class=\"S44E4 SC4 S2\" id=\"t2_190\">Ownership </span><span class=\"S44E5 SC4 S2\" id=\"t3_190\">Sales </span><span class=\"S44E6 SC4 S2\" id=\"t4_190\">Purchases </span><span class=\"S44E7 SC4 S2\" id=\"t5_190\">Receivables </span><span class=\"S44E8 SC4 S2\" id=\"t6_190\">Liabilities </span><span class=\"S44E9 SC4 S2\" id=\"t7_190\">Transactions with parent company and its related parties </span><span class=\"S3F67 SC5 S2\" id=\"t8_190\">Laco AS </span><span class=\"S44EA SAF1 S2\" id=\"t9_190\">\"Ultimate parent\" </span><span class=\"S44EB SC5 S2\" id=\"ta_190\">0 </span><span class=\"S44EC SC5 S2\" id=\"tb_190\">3 338 </span><span class=\"S44ED SC5 S2\" id=\"tc_190\">0 </span><span class=\"S44EE SC5 S2\" id=\"td_190\">4 173 </span><span class=\"S44EF SC5 S2\" id=\"te_190\">Fitjar Mekaniske Verksted AS </span><span class=\"S44F0 SC5 S2\" id=\"tf_190\">Laco AS (100%) </span><span class=\"S44F1 SC5 S2\" id=\"tg_190\">75 </span><span class=\"S44F2 SC5 S2\" id=\"th_190\">16 157 </span><span class=\"S44F3 SC5 S2\" id=\"ti_190\">0 </span><span class=\"S44F4 SC5 S2\" id=\"tj_190\">1 640 </span><span class=\"S27CE SC5 S2\" id=\"tk_190\">Pelagia AS </span><span class=\"S44F5 SC5 S2\" id=\"tl_190\">Austevoll Seafood ASA (50%) </span><span class=\"S44F6 SC5 S2\" id=\"tm_190\">46 182 </span><span class=\"S44F7 SC5 S2\" id=\"tn_190\">28 475 </span><span class=\"S44F8 SC5 S2\" id=\"to_190\">3 798 </span><span class=\"S44F9 SC5 S2\" id=\"tp_190\">2 871 </span><span class=\"S3CE8 SC5 S2\" id=\"tq_190\">Austevoll Seafood ASA </span><span class=\"S44FA SC5 S2\" id=\"tr_190\">Laco AS (55.55%) </span><span class=\"S44FB SC5 S2\" id=\"ts_190\">0 </span><span class=\"S44FC SC5 S2\" id=\"tt_190\">50 </span><span class=\"S44FD SC5 S2\" id=\"tu_190\">0 </span><span class=\"S44FE SC5 S2\" id=\"tv_190\">0 </span><span class=\"S19EB SC5 S2\" id=\"tw_190\">Austevoll Laksepakkeri AS </span><span class=\"S44FF SC5 S2\" id=\"tx_190\">Austevoll Seafood ASA (100%) </span><span class=\"S4500 SC5 S2\" id=\"ty_190\">2 417 </span><span class=\"S4501 SC5 S2\" id=\"tz_190\">174 873 </span><span class=\"S4502 SC5 S2\" id=\"t10_190\">297 </span><span class=\"S4503 SC5 S2\" id=\"t11_190\">27 798 </span><span class=\"S4504 SC5 S2\" id=\"t12_190\">Br\u00f8drene Birkeland Farming AS </span><span class=\"S4505 SC5 S2\" id=\"t13_190\">Austevoll Seafood ASA (51.9%) </span><span class=\"S4506 SC5 S2\" id=\"t14_190\">459 </span><span class=\"S4507 SC5 S2\" id=\"t15_190\">0 </span><span class=\"S4508 SC5 S2\" id=\"t16_190\">0 </span><span class=\"S4509 SC5 S2\" id=\"t17_190\">0 </span><span class=\"S450A SC5 S2\" id=\"t18_190\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S450B SC5 S2\" id=\"t19_190\">Br\u00f8drene Birkeland Farming AS (100%) </span><span class=\"S450C SC5 S2\" id=\"t1a_190\">0 </span><span class=\"S450D SC5 S2\" id=\"t1b_190\">77 </span><span class=\"S450E SC5 S2\" id=\"t1c_190\">0 </span><span class=\"S450F SC5 S2\" id=\"t1d_190\">0 </span><span class=\"S4510 SC5 S2\" id=\"t1e_190\">Hordalaks Holding AS group </span><span class=\"S4511 SC5 S2\" id=\"t1f_190\">Kobbevik og Furuholmen Oppdrett AS </span><span class=\"S4512 SC5 S2\" id=\"t1g_190\">0 </span><span class=\"S4513 SC5 S2\" id=\"t1h_190\">5 742 </span><span class=\"S4514 SC5 S2\" id=\"t1i_190\">0 </span><span class=\"S4515 SC5 S2\" id=\"t1j_190\">0 </span><span class=\"S4516 SC4 S2\" id=\"t1k_190\">Transactions with the Group\u2019s own associates and non-controlling interests (NCI) in subsidiaries </span><span class=\"S4517 SC5 S2\" id=\"t1l_190\">Norskott Havbruk AS </span><span class=\"S4518 SC5 S2\" id=\"t1m_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4519 SC5 S2\" id=\"t1n_190\">300 </span><span class=\"S451A SC5 S2\" id=\"t1o_190\">0 </span><span class=\"S451B SC5 S2\" id=\"t1p_190\">0 </span><span class=\"S451C SC5 S2\" id=\"t1q_190\">0 </span><span class=\"S451D SC5 S2\" id=\"t1r_190\">Scottish Seafarms </span><span class=\"S451E SC5 S2\" id=\"t1s_190\">Norskott Havbruk AS (100%) </span><span class=\"S451F SC5 S2\" id=\"t1t_190\">0 </span><span class=\"S4520 SC5 S2\" id=\"t1u_190\">168 315 </span><span class=\"S4521 SC5 S2\" id=\"t1v_190\">0 </span><span class=\"S4522 SC5 S2\" id=\"t1w_190\">14 067 </span><span class=\"S4523 SC5 S2\" id=\"t1x_190\">Seistar Holding AS group </span><span class=\"S4524 SC5 S2\" id=\"t1y_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4525 SC5 S2\" id=\"t1z_190\">123 </span><span class=\"S4526 SC5 S2\" id=\"t20_190\">269 725 </span><span class=\"S4527 SC5 S2\" id=\"t21_190\">4 </span><span class=\"S4528 SC5 S2\" id=\"t22_190\">1 934 </span><span class=\"S4529 SC5 S2\" id=\"t23_190\">Sporbarhet AS </span><span class=\"S452A SC5 S2\" id=\"t24_190\">Ler\u00f8y Seafood Group ASA (27.2%) </span><span class=\"S452B SC5 S2\" id=\"t25_190\">0 </span><span class=\"S452C SC5 S2\" id=\"t26_190\">6 215 </span><span class=\"S452D SC5 S2\" id=\"t27_190\">0 </span><span class=\"S452E SC5 S2\" id=\"t28_190\">0 </span><span class=\"S452F SC5 S2\" id=\"t29_190\">Ocean Forest AS </span><span class=\"S4530 SC5 S2\" id=\"t2a_190\">Ler\u00f8y Seafood Group ASA (50%) </span><span class=\"S4531 SC5 S2\" id=\"t2b_190\">0 </span><span class=\"S4532 SC5 S2\" id=\"t2c_190\">3 166 </span><span class=\"S4533 SC5 S2\" id=\"t2d_190\">0 </span><span class=\"S4534 SC5 S2\" id=\"t2e_190\">2 380 </span><span class=\"S4535 SC5 S2\" id=\"t2f_190\">The Seafood Innovation Cluster </span><span class=\"S4536 SC5 S2\" id=\"t2g_190\">Ler\u00f8y Seafood Group ASA (20%) </span><span class=\"S4537 SC5 S2\" id=\"t2h_190\">0 </span><span class=\"S4538 SC5 S2\" id=\"t2i_190\">1 656 </span><span class=\"S4539 SC5 S2\" id=\"t2j_190\">0 </span><span class=\"S453A SC5 S2\" id=\"t2k_190\">572 </span><span class=\"S453B SC5 S2\" id=\"t2l_190\">Finnmark Kyst\ufb01ske AS </span><span class=\"S453C SC5 S2\" id=\"t2m_190\">Hav\ufb01sk AS (49%) </span><span class=\"S453D SC5 S2\" id=\"t2n_190\">0 </span><span class=\"S453E SC5 S2\" id=\"t2o_190\">0 </span><span class=\"S453F SC5 S2\" id=\"t2p_190\">8 500 </span><span class=\"S4540 SC5 S2\" id=\"t2q_190\">0 </span><span class=\"S4541 SC5 S2\" id=\"t2r_190\">B\u00e5tsfjord Laboratorium AS </span><span class=\"S4542 SC5 S2\" id=\"t2s_190\">Ler\u00f8y Norway Seafoods AS (33.5%) </span><span class=\"S4543 SC5 S2\" id=\"t2t_190\">0 </span><span class=\"S4544 SC5 S2\" id=\"t2u_190\">824 </span><span class=\"S4545 SC5 S2\" id=\"t2v_190\">0 </span><span class=\"S4546 SC5 S2\" id=\"t2w_190\">48 </span><span class=\"S4547 SC5 S2\" id=\"t2x_190\">B\u00e5tsfjord Bedriftshelsetjeneste AS </span><span class=\"S4548 SC5 S2\" id=\"t2y_190\">Ler\u00f8y Norway Seafoods AS (28.2%) </span><span class=\"S4549 SC5 S2\" id=\"t2z_190\">0 </span><span class=\"S454A SC5 S2\" id=\"t30_190\">11 </span><span class=\"S454B SC5 S2\" id=\"t31_190\">0 </span><span class=\"S454C SC5 S2\" id=\"t32_190\">0 </span><span class=\"S454D SC5 S2\" id=\"t33_190\">Itub AS </span><span class=\"S454E SC5 S2\" id=\"t34_190\">Ler\u00f8y Norway Seafoods AS (22.3%) </span><span class=\"S454F SC5 S2\" id=\"t35_190\">0 </span><span class=\"S4550 SC5 S2\" id=\"t36_190\">5 919 </span><span class=\"S4551 SC5 S2\" id=\"t37_190\">0 </span><span class=\"S4552 SC5 S2\" id=\"t38_190\">185 </span><span class=\"S4553 SC5 S2\" id=\"t39_190\">Nesset Kyst\ufb01ske AS </span><span class=\"S4554 SC5 S2\" id=\"t3a_190\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS (34%) </span><span class=\"S4555 SC5 S2\" id=\"t3b_190\">0 </span><span class=\"S4556 SC5 S2\" id=\"t3c_190\">0 </span><span class=\"S4557 SC5 S2\" id=\"t3d_190\">507 </span><span class=\"S4558 SC5 S2\" id=\"t3e_190\">0 </span><span class=\"S4559 SC5 S2\" id=\"t3f_190\">Holmen Fiske AS </span><span class=\"S455A SC5 S2\" id=\"t3g_190\">S\u00f8rv\u00e6r Kyst\ufb01skeinvest AS (33%) </span><span class=\"S455B SC5 S2\" id=\"t3h_190\">0 </span><span class=\"S455C SC5 S2\" id=\"t3i_190\">0 </span><span class=\"S455D SC5 S2\" id=\"t3j_190\">1 011 </span><span class=\"S455E SC5 S2\" id=\"t3k_190\">0 </span><span class=\"S1983 SC5 S2\" id=\"t3l_190\">Romsdal Processing AS </span><span class=\"S455F SC5 S2\" id=\"t3m_190\">Ler\u00f8y Aurora AS (44.4%) </span><span class=\"S4560 SC5 S2\" id=\"t3n_190\">0 </span><span class=\"S4561 SC5 S2\" id=\"t3o_190\">88 346 </span><span class=\"S4562 SC5 S2\" id=\"t3p_190\">0 </span><span class=\"S4563 SC5 S2\" id=\"t3q_190\">14 626 </span><span class=\"S4564 SC5 S2\" id=\"t3r_190\">Kirkenes Processing AS </span><span class=\"S4565 SC5 S2\" id=\"t3s_190\">Ler\u00f8y Aurora AS (50%) </span><span class=\"S4566 SC5 S2\" id=\"t3t_190\">0 </span><span class=\"S4567 SC5 S2\" id=\"t3u_190\">8 001 </span><span class=\"S4568 SC5 S2\" id=\"t3v_190\">7 436 </span><span class=\"S4569 SC5 S2\" id=\"t3w_190\">-139 </span><span class=\"S456A SC5 S2\" id=\"t3x_190\">Norway Salmon AS </span><span class=\"S456B SC5 S2\" id=\"t3y_190\">Ler\u00f8y Midt AS (50%) </span><span class=\"S456C SC5 S2\" id=\"t3z_190\">0 </span><span class=\"S456D SC5 S2\" id=\"t40_190\">0 </span><span class=\"S456E SC5 S2\" id=\"t41_190\">2 000 </span><span class=\"S456F SC5 S2\" id=\"t42_190\">0 </span><span class=\"S4570 SC5 S2\" id=\"t43_190\">V\u00e5gen Fiskeriselskap AS </span><span class=\"S4571 SC5 S2\" id=\"t44_190\">Sirevaag AS (46.5%) </span><span class=\"S4572 SC5 S2\" id=\"t45_190\">0 </span><span class=\"S4573 SC5 S2\" id=\"t46_190\">0 </span><span class=\"S4574 SC5 S2\" id=\"t47_190\">5 800 </span><span class=\"S4575 SC5 S2\" id=\"t48_190\">0 </span><span class=\"S4576 SC4 S2\" id=\"t49_190\">Total transactions and intercompany accounts with all identi\ufb01ed related parties </span><span class=\"S4577 SC4 S2\" id=\"t4a_190\">49 556 </span><span class=\"S4578 SC4 S2\" id=\"t4b_190\">780 890 </span><span class=\"S4579 SC4 S2\" id=\"t4c_190\">29 353 </span><span class=\"S457A SC4 S2\" id=\"t4d_190\">70 155 </span><span class=\"S457B SC5 S2\" id=\"t4e_190\">NCI means \"non controlling interests\" </span><span class=\"S457C SC5 S2\" id=\"t4f_190\">Dividend received from associated companies is speci\ufb01ed in the note on associated companies </span><span class=\"S457D SC5 S2\" id=\"t4g_190\">Ler\u00f8y Seafood Group (Ler\u00f8y Vest AS) leases wellboats from Seistar Holding. The leases are recognised in the accounts according to IFRS 16, </span><span class=\"S457E SC5 S2\" id=\"t4h_190\">where leases with a lease period more than one year, is capitalised. </span><span class=\"S457F SC5 S2\" id=\"t4i_190\">The net book value of the right-to-use assets as of 31 December 2022 (2021) is </span><span class=\"S4580 SC5 S2\" id=\"t4j_190\">NOK 242.5 million (NOK 287.0 million). The net book value on the lease liability is NOK 257.7 million (NOK 299.4 million). These amounts are not </span><span class=\"S4581 SC5 S2\" id=\"t4k_190\">included in the table above. Repayment and interests on capitalized leases with Seistar Holding amounted to NOK 180.8 million (NOK 153.0 million), </span><span class=\"S4582 SC5 S2\" id=\"t4l_190\">and are incuded in the table above as purchases. </span><span class=\"S1D89 S18EC S2\" id=\"t4t_190\">NOTE 25 cont. </span><span class=\"S3A81 S18EC S2\" id=\"t4u_190\">Related parties </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20946": {
   "value": "<span class=\"S4254 SC7 S2\" id=\"t1_184\">Shares owned by members of the Board and their related parties </span><span class=\"S4255 SC8 S2\" id=\"t2_184\">Chairman of the Board Arne M\u00f8gster and Board members Britt Kathrine Drivenes and Karoline M\u00f8gster have indirect </span><span class=\"S1D6D SC8 S2\" id=\"t3_184\">ownership in Ler\u00f8y Seafood Group ASA through the parent company Austevoll Seafood ASA. Arne M\u00f8gster and </span><span class=\"S4256 SC8 S2\" id=\"t4_184\">Karoline M\u00f8gster own their shares through the ultimate parent company Laco AS. </span><span class=\"S4257 SC8 S2\" id=\"t5_184\">Board member (employees\u2019 representative) Hans Petter Vestre owns 1,200 shares in Ler\u00f8y Seafood Group ASA at year </span><span class=\"S4258 SC8 S2\" id=\"t6_184\">end, which is the same number as the previous year. </span><span class=\"S4259 SC7 S2\" id=\"t7_184\">Shares owned by the Executive Management and their related parties </span><span class=\"S425A SC8 S2\" id=\"t8_184\">The Chief Operating Of\ufb01cer for VAPSD has also indirect ownership in Ler\u00f8y Seafood Group ASA through the parent </span><span class=\"S425B SC8 S2\" id=\"t9_184\">company </span><span class=\"S425C SC8 S2\" id=\"ta_184\">Austevoll Seafood ASA, where he owns 552 shares. </span><span class=\"S42A5 SC4 S2\" id=\"t2b_184\">Name </span><span class=\"S42A6 SC4 S2\" id=\"t2c_184\">Position </span><span class=\"S42A7 SC4 S2\" id=\"t2d_184\">2022 </span><span class=\"S42A8 SC4 S2\" id=\"t2e_184\">2021 </span><span class=\"S42A9 SC5 S2\" id=\"t2f_184\">Henning Beltestad </span><span class=\"S42AA SC5 S2\" id=\"t2g_184\">CEO </span><span class=\"S42AB SC5 S2\" id=\"t2h_184\">64 200 </span><span class=\"S42AC SC5 S2\" id=\"t2i_184\">49 200 </span><span class=\"S42AD SC5 S2\" id=\"t2j_184\">Sjur Malm </span><span class=\"S42AE SC5 S2\" id=\"t2k_184\">CFO </span><span class=\"S42AF SC5 S2\" id=\"t2l_184\">15 000 </span><span class=\"S42B0 SC5 S2\" id=\"t2m_184\">15 000 </span><span class=\"S42B1 SC5 S2\" id=\"t2n_184\">Ivar Wulff </span><span class=\"S42B2 SC5 S2\" id=\"t2o_184\">COO VAPSD </span><span class=\"S42B3 SC5 S2\" id=\"t2p_184\">12 000 </span><span class=\"S42B4 SC5 S2\" id=\"t2q_184\">0 </span><span class=\"S42B5 SC5 S2\" id=\"t2r_184\">Bjarne Reinert </span><span class=\"S42B6 SC5 S2\" id=\"t2s_184\">COO Farming </span><span class=\"S42B7 SC5 S2\" id=\"t2t_184\">2 800 </span><span class=\"S42B8 SC5 S2\" id=\"t2u_184\">2 800 </span><span class=\"S42B9 SC5 S2\" id=\"t2v_184\">Siren Gr\u00f8nhaug </span><span class=\"S42BA SC5 S2\" id=\"t2w_184\">CHRO </span><span class=\"S42BB SC5 S2\" id=\"t2x_184\">1 200 </span><span class=\"S42BC SC5 S2\" id=\"t2y_184\">1 200 </span><span class=\"S42BD SC4 S2\" id=\"t2z_184\">Total </span><span class=\"S42BE SC4 S2\" id=\"t30_184\">95 200 </span><span class=\"S42BF SC4 S2\" id=\"t31_184\">68 200 </span><span class=\"S42C1 SC8 S2\" id=\"t1_185\">Remuneration of board members </span><span class=\"S42C2 SC8 S2\" id=\"t2_185\">totalled NOK 1 567 in 2022 (equally </span><span class=\"S42C3 SC8 S2\" id=\"t3_185\">distributed). The remuneration in </span><span class=\"S42C4 SC8 S2\" id=\"t4_185\">2021 was NOK 1 250. The number of </span><span class=\"S42C5 SC8 S2\" id=\"t5_185\">Board members has been reduced </span><span class=\"S42C6 SC8 S2\" id=\"t6_185\">from 7 to 6 persons during 2022. </span><span class=\"S42C7 SC8 S2\" id=\"t7_185\">Remuneration of the nomination </span><span class=\"S42C8 SC8 S2\" id=\"t8_185\">committee is unchanged compared </span><span class=\"S42C9 SC8 S2\" id=\"t9_185\">to the previous year, and amounts to </span><span class=\"S42CA SC8 S2\" id=\"ta_185\">NOK 135 in 2022. As for the members </span><span class=\"S42CB SC8 S2\" id=\"tb_185\">of the Board, the remuneration per </span><span class=\"S42CC SC8 S2\" id=\"tc_185\">member is equally distributed. </span><span class=\"S42CD SC8 S2\" id=\"td_185\">Remuneration of the audit </span><span class=\"S42CE SC8 S2\" id=\"te_185\">committee is increased compared to </span><span class=\"S42CF SC8 S2\" id=\"tf_185\">the previous year, and amounts to </span><span class=\"S42D0 SC8 S2\" id=\"tg_185\">NOK 230 in 2022, compared to NOK 170 </span><span class=\"S42D1 SC8 S2\" id=\"th_185\">in 2021. The remuneration per member </span><span class=\"S42D2 SC8 S2\" id=\"ti_185\">is equally distributed. </span><span class=\"S42D3 SC8 S2\" id=\"tj_185\">A description of the main principles </span><span class=\"S42D4 SC8 S2\" id=\"tk_185\">for the company`s salary policy is </span><span class=\"S42D5 SC8 S2\" id=\"tl_185\">included in the Board of Directors\u2019 </span><span class=\"S42D6 SC8 S2\" id=\"tm_185\">statement regarding salary and other </span><span class=\"S42D7 SC8 S2\" id=\"tn_185\">remuneration of executive personnel. </span><span class=\"S4303 SC4 S2\" id=\"t1x_185\">Remuneration of senior executives in 2021 </span><span class=\"S4304 SC4 S2\" id=\"t1y_185\">Salary </span><span class=\"S4305 SC4 S2\" id=\"t1z_185\">Bonus </span><span class=\"S4306 SC4 S2\" id=\"t20_185\">Pension </span><span class=\"S4307 SC4 S2\" id=\"t21_185\">Other </span><span class=\"S4308 SC4 S2\" id=\"t22_185\">Total </span><span class=\"S40BF SC5 S2\" id=\"t23_185\">CEO </span><span class=\"S4309 SC5 S2\" id=\"t24_185\">3 564 </span><span class=\"S430A SC5 S2\" id=\"t25_185\">3 000 </span><span class=\"S430B SC5 S2\" id=\"t26_185\">174 </span><span class=\"S430C SC5 S2\" id=\"t27_185\">11 </span><span class=\"S430D SC5 S2\" id=\"t28_185\">6 749 </span><span class=\"S430E SC5 S2\" id=\"t29_185\">CFO </span><span class=\"S430F SC5 S2\" id=\"t2a_185\">2 719 </span><span class=\"S4310 SC5 S2\" id=\"t2b_185\">1 785 </span><span class=\"S4311 SC5 S2\" id=\"t2c_185\">175 </span><span class=\"S4312 SC5 S2\" id=\"t2d_185\">21 </span><span class=\"S4313 SC5 S2\" id=\"t2e_185\">4 700 </span><span class=\"S4314 SC5 S2\" id=\"t2f_185\">COO Farming </span><span class=\"S4315 SC5 S2\" id=\"t2g_185\">2 014 </span><span class=\"S4316 SC5 S2\" id=\"t2h_185\">209 </span><span class=\"S4317 SC5 S2\" id=\"t2i_185\">173 </span><span class=\"S4318 SC5 S2\" id=\"t2j_185\">11 </span><span class=\"S4319 SC5 S2\" id=\"t2k_185\">2 407 </span><span class=\"S431A SC5 S2\" id=\"t2l_185\">COO VAPSD </span><span class=\"S431B SC5 S2\" id=\"t2m_185\">2 198 </span><span class=\"S431C SC5 S2\" id=\"t2n_185\">1 000 </span><span class=\"S431D SC5 S2\" id=\"t2o_185\">172 </span><span class=\"S431E SC5 S2\" id=\"t2p_185\">30 </span><span class=\"S431F SC5 S2\" id=\"t2q_185\">3 400 </span><span class=\"S4320 SC5 S2\" id=\"t2r_185\">CHRO </span><span class=\"S4321 SC5 S2\" id=\"t2s_185\">1 974 </span><span class=\"S4322 SC5 S2\" id=\"t2t_185\">1 000 </span><span class=\"S4323 SC5 S2\" id=\"t2u_185\">174 </span><span class=\"S4324 SC5 S2\" id=\"t2v_185\">30 </span><span class=\"S4325 SC5 S2\" id=\"t2w_185\">3 178 </span><span class=\"S4326 SC4 S2\" id=\"t2x_185\">Remuneration of senior executives in 2022 </span><span class=\"S4327 SC4 S2\" id=\"t2y_185\">Salary </span><span class=\"S4328 SC4 S2\" id=\"t2z_185\">Bonus </span><span class=\"S4329 SC4 S2\" id=\"t30_185\">Pension </span><span class=\"S432A SC4 S2\" id=\"t31_185\">Other </span><span class=\"S432B SC4 S2\" id=\"t32_185\">Total </span><span class=\"S432C SC5 S2\" id=\"t33_185\">CEO </span><span class=\"S432D SC5 S2\" id=\"t34_185\">3 519 </span><span class=\"S432E SC5 S2\" id=\"t35_185\">4 600 </span><span class=\"S432F SC5 S2\" id=\"t36_185\">186 </span><span class=\"S4330 SC5 S2\" id=\"t37_185\">9 </span><span class=\"S4331 SC5 S2\" id=\"t38_185\">8 314 </span><span class=\"S4332 SC5 S2\" id=\"t39_185\">CFO </span><span class=\"S4333 SC5 S2\" id=\"t3a_185\">2 764 </span><span class=\"S4334 SC5 S2\" id=\"t3b_185\">2 054 </span><span class=\"S4335 SC5 S2\" id=\"t3c_185\">186 </span><span class=\"S4336 SC5 S2\" id=\"t3d_185\">9 </span><span class=\"S4337 SC5 S2\" id=\"t3e_185\">5 013 </span><span class=\"S4338 SC5 S2\" id=\"t3f_185\">COO Farming </span><span class=\"S4339 SC5 S2\" id=\"t3g_185\">2 096 </span><span class=\"S433A SC5 S2\" id=\"t3h_185\">1 120 </span><span class=\"S433B SC5 S2\" id=\"t3i_185\">186 </span><span class=\"S433C SC5 S2\" id=\"t3j_185\">9 </span><span class=\"S433D SC5 S2\" id=\"t3k_185\">3 411 </span><span class=\"S433E SC5 S2\" id=\"t3l_185\">COO VAPSD </span><span class=\"S433F SC5 S2\" id=\"t3m_185\">2 135 </span><span class=\"S4340 SC5 S2\" id=\"t3n_185\">1 120 </span><span class=\"S4341 SC5 S2\" id=\"t3o_185\">186 </span><span class=\"S4342 SC5 S2\" id=\"t3p_185\">9 </span><span class=\"S4343 SC5 S2\" id=\"t3q_185\">3 450 </span><span class=\"S4344 SC5 S2\" id=\"t3r_185\">CHRO </span><span class=\"S4345 SC5 S2\" id=\"t3s_185\">1 927 </span><span class=\"S4346 SC5 S2\" id=\"t3t_185\">1 120 </span><span class=\"S4347 SC5 S2\" id=\"t3u_185\">187 </span><span class=\"S4348 SC5 S2\" id=\"t3v_185\">9 </span><span class=\"S4349 SC5 S2\" id=\"t3w_185\">3 243 </span><span class=\"S437B SC7 S2\" id=\"t1j_186\">Mandates granted to the </span><span class=\"S437C SC7 S2\" id=\"t1k_186\">Board of Directors </span><span class=\"S3A2C SC8 S2\" id=\"t1l_186\">Mandates are granted to the Board </span><span class=\"S437D SC8 S2\" id=\"t1m_186\">of Directors in accordance with the </span><span class=\"S437E SC8 S2\" id=\"t1n_186\">Public Limited Companies Act </span><span class=\"S437F SC8 S2\" id=\"t1o_186\">(Norway), cf. in particular chapters 8, </span><span class=\"S1D58 SC8 S2\" id=\"t1p_186\">9 and 10 of the Act. </span><span class=\"S4380 SC8 S2\" id=\"t1q_186\">The \ufb01rst time the Board was </span><span class=\"S4381 SC8 S2\" id=\"t1r_186\">authorised to acquire the company\u2019s </span><span class=\"S20E7 SC8 S2\" id=\"t1s_186\">own shares was at the ordinary </span><span class=\"S1FC6 SC8 S2\" id=\"t1t_186\">general meeting on 12 May 2000. This </span><span class=\"S4382 SC8 S2\" id=\"t1u_186\">mandate has been replaced with a </span><span class=\"S4383 SC8 S2\" id=\"t1v_186\">new mandate at the ordinary general </span><span class=\"S4384 SC8 S2\" id=\"t1w_186\">meeting on 23 May 2022. The mandate </span><span class=\"S4385 SC8 S2\" id=\"t1x_186\">remains valid for 18 months from the </span><span class=\"S4386 SC8 S2\" id=\"t1y_186\">date on which the resolution was </span><span class=\"S4387 SC8 S2\" id=\"t1z_186\">adopted. The Board has authority to </span><span class=\"S4388 SC8 S2\" id=\"t20_186\">acquire up to 50 million shares, each </span><span class=\"S4389 SC8 S2\" id=\"t21_186\">with a face value of NOK 0.1. The </span><span class=\"S36A1 SC8 S2\" id=\"t22_186\">lowest price to be paid is NOK 1 per </span><span class=\"S3B1D SC8 S2\" id=\"t23_186\">share, and the highest price per share </span><span class=\"S438A SC8 S2\" id=\"t24_186\">is NOK 100. The mandate has not been </span><span class=\"S438B SC8 S2\" id=\"t25_186\">exercised in 2022. Renewal of the </span><span class=\"S438C SC8 S2\" id=\"t26_186\">mandate will be recommended to </span><span class=\"S438D SC8 S2\" id=\"t27_186\">the general meeting on 23 May 2023. </span><span class=\"S236A SC8 S2\" id=\"t28_186\">The Board has authority to increase </span><span class=\"S438E SC8 S2\" id=\"t29_186\">the share capital by up to NOK </span><span class=\"S4365 SC8 S2\" id=\"tr_186\">5,000,000 by issuing up to 50,000,000 </span><span class=\"S4366 SC8 S2\" id=\"ts_186\">shares in Ler\u00f8y Seafood Group ASA, </span><span class=\"S2DCA SC8 S2\" id=\"tt_186\">each with a nominal value of NOK 0.1, </span><span class=\"S4367 SC8 S2\" id=\"tu_186\">through one or more private placings </span><span class=\"S4368 SC8 S2\" id=\"tv_186\">with external investors, employees </span><span class=\"S4369 SC8 S2\" id=\"tw_186\">and some of the company\u2019s </span><span class=\"S436A SC8 S2\" id=\"tx_186\">shareholders. This type of mandate </span><span class=\"S436B SC8 S2\" id=\"ty_186\">was \ufb01rst established by the ordinary </span><span class=\"S436C SC8 S2\" id=\"tz_186\">general meeting of 4 May 1999 and </span><span class=\"S436D SC8 S2\" id=\"t10_186\">subsequently renewed by the ordinary </span><span class=\"S436E SC8 S2\" id=\"t11_186\">general meeting on 23 May 2022, and </span><span class=\"S20B6 SC8 S2\" id=\"t12_186\">is to remain valid for 24 months from </span><span class=\"S36AE SC8 S2\" id=\"t13_186\">the date on which the resolution was </span><span class=\"S436F SC8 S2\" id=\"t14_186\">adopted. The mandate was not </span><span class=\"S4370 SC8 S2\" id=\"t15_186\">exercised in 2022. It will be </span><span class=\"S31AA SC8 S2\" id=\"t16_186\">recommended that an equivalent </span><span class=\"S4371 SC8 S2\" id=\"t17_186\">mandate be approved by the ordinary </span><span class=\"S4372 SC8 S2\" id=\"t18_186\">general meeting on 23 May 2023. </span><span class=\"S4373 SC8 S2\" id=\"t19_186\">The Board\u2019s powers to distribute shares </span><span class=\"S20BD SC8 S2\" id=\"t1a_186\">has a maximum validity exceeding a </span><span class=\"S4374 SC8 S2\" id=\"t1b_186\">year, and are not limited to only certain </span><span class=\"S4375 SC8 S2\" id=\"t1c_186\">expressed purposes as recommended </span><span class=\"S4376 SC8 S2\" id=\"t1d_186\">in the NUES. This is mainly for </span><span class=\"S4377 SC8 S2\" id=\"t1e_186\">operational reasons, but also in order </span><span class=\"S1F9F SC8 S2\" id=\"t1f_186\">to clearly show that the company is </span><span class=\"S4378 SC8 S2\" id=\"t1g_186\">growth oriented and that shares are </span><span class=\"S4379 SC8 S2\" id=\"t1h_186\">regarded as an important means of </span><span class=\"S437A SC8 S2\" id=\"t1i_186\">payment. This practice is established </span><span class=\"S434D SC8 S2\" id=\"t1_186\">to ensure an optimum strategic </span><span class=\"S2540 SC8 S2\" id=\"t2_186\">business development for the </span><span class=\"S434E SC8 S2\" id=\"t3_186\">company. However the Board has </span><span class=\"S434F SC8 S2\" id=\"t4_186\">established the practice of having </span><span class=\"S4350 SC8 S2\" id=\"t5_186\">the mandates renewed at each </span><span class=\"S4351 SC8 S2\" id=\"t6_186\">ordinary general meeting. </span><span class=\"S4352 SC7 S2\" id=\"t7_186\">Loans to employees </span><span class=\"S4353 SC8 S2\" id=\"t8_186\">No loans have been granted to the </span><span class=\"S4354 SC8 S2\" id=\"t9_186\">CEO, Chairman of the Board or other </span><span class=\"S4355 SC8 S2\" id=\"ta_186\">related parties. No single loan or </span><span class=\"S4356 SC8 S2\" id=\"tb_186\">guarantee to employees has been </span><span class=\"S4357 SC8 S2\" id=\"tc_186\">granted for more than 5% of the </span><span class=\"S4358 SC8 S2\" id=\"td_186\">company\u2019s equity. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21125": {
   "value": "<span class=\"S324E SC4 S2\" id=\"t1c_185\">Employees, including hired personnel </span><span class=\"S42EF SC4 S2\" id=\"t1d_185\">2022 </span><span class=\"S42F0 SC4 S2\" id=\"t1e_185\">2021 </span><span class=\"S42F1 SC5 S2\" id=\"t1f_185\">Number of full-time equivalents </span><span class=\"S42F2 SC5 S2\" id=\"t1g_185\">5 092 </span><span class=\"S42F3 SC5 S2\" id=\"t1h_185\">4 591 </span><span class=\"S42F4 SC5 S2\" id=\"t1i_185\">Number of employees 31.12 </span><span class=\"S42F5 SC5 S2\" id=\"t1j_185\">5 972 </span><span class=\"S42F6 SC5 S2\" id=\"t1k_185\">5 475 </span><span class=\"S42F7 SC5 S2\" id=\"t1l_185\">Number of men employed 31.12 </span><span class=\"S42F8 SC5 S2\" id=\"t1m_185\">3 641 </span><span class=\"S42F9 SC5 S2\" id=\"t1n_185\">3 452 </span><span class=\"S42FA SC5 S2\" id=\"t1o_185\">Number of women employed 31.12 </span><span class=\"S42FB SC5 S2\" id=\"t1p_185\">2 331 </span><span class=\"S42FC SC5 S2\" id=\"t1q_185\">2 023 </span><span class=\"S42FD SC5 S2\" id=\"t1r_185\">Percentage of women employed 31.12 </span><span class=\"S42FE SC5 S2\" id=\"t1s_185\">39.0 % </span><span class=\"S42FF SC5 S2\" id=\"t1t_185\">36.9 % </span><span class=\"S4300 SC4 S2\" id=\"t1u_185\">Number of hired personnel 31.12 </span><span class=\"S4301 SC4 S2\" id=\"t1v_185\">853 </span><span class=\"S4302 SC4 S2\" id=\"t1w_185\">705 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21255": {
   "value": "<span class=\"S4359 SC7 S2\" id=\"te_186\">Auditor </span><span class=\"S435A SC8 S2\" id=\"tf_186\">The Group auditor is </span><span class=\"S435B SC8 S2\" id=\"tg_186\">PricewaterhouseCoopers AS. </span><span class=\"S435C SC8 S2\" id=\"th_186\">Fees invoiced from the Group </span><span class=\"S435D SC8 S2\" id=\"ti_186\">auditor also include the law \ufb01rm </span><span class=\"S435E SC8 S2\" id=\"tj_186\">PricewaterhouseCoopers AS and </span><span class=\"S435F SC8 S2\" id=\"tk_186\">other PricewaterhouseCoopers </span><span class=\"S1CFB SC8 S2\" id=\"tl_186\">companies abroad. The auditing fee </span><span class=\"S4360 SC8 S2\" id=\"tm_186\">for the Group\u2019s auditor speci\ufb01ed </span><span class=\"S4361 SC8 S2\" id=\"tn_186\">below is the agreed fee for the audit </span><span class=\"S4362 SC8 S2\" id=\"to_186\">of the present year. Other fees </span><span class=\"S4363 SC8 S2\" id=\"tp_186\">concern services received during </span><span class=\"S4364 SC8 S2\" id=\"tq_186\">2022, and have been as follows: </span><span class=\"S438F SC4 S2\" id=\"t2a_186\">Fees to auditor </span><span class=\"S4390 SC4 S2\" id=\"t2b_186\">2022 </span><span class=\"S4391 SC4 S2\" id=\"t2c_186\">2021 </span><span class=\"S4392 SC5 S2\" id=\"t2d_186\">Auditing fees Group auditor </span><span class=\"S4393 SC5 S2\" id=\"t2e_186\">9 256 </span><span class=\"S4394 SC5 S2\" id=\"t2f_186\">8 168 </span><span class=\"S4395 SC5 S2\" id=\"t2g_186\">Auditing fees other auditors </span><span class=\"S4396 SC5 S2\" id=\"t2h_186\">1 924 </span><span class=\"S4397 SC5 S2\" id=\"t2i_186\">1 942 </span><span class=\"S4398 SC5 S2\" id=\"t2j_186\">Other certi\ufb01cation services Group auditor </span><span class=\"S4399 SC5 S2\" id=\"t2k_186\">1 341 </span><span class=\"S439A SC5 S2\" id=\"t2l_186\">123 </span><span class=\"S439B SC5 S2\" id=\"t2m_186\">Other certi\ufb01cation services other auditors </span><span class=\"S439C SC5 S2\" id=\"t2n_186\">165 </span><span class=\"S439D SC5 S2\" id=\"t2o_186\">153 </span><span class=\"S439E SC5 S2\" id=\"t2p_186\">Tax advice Group auditor </span><span class=\"S439F SC5 S2\" id=\"t2q_186\">1 175 </span><span class=\"S43A0 SC5 S2\" id=\"t2r_186\">1 298 </span><span class=\"S43A1 SC5 S2\" id=\"t2s_186\">Tax advice other auditors </span><span class=\"S43A2 SC5 S2\" id=\"t2t_186\">20 </span><span class=\"S43A3 SC5 S2\" id=\"t2u_186\">90 </span><span class=\"S43A4 SC5 S2\" id=\"t2v_186\">Other services Group auditor </span><span class=\"S43A5 SC5 S2\" id=\"t2w_186\">6 001 </span><span class=\"S43A6 SC5 S2\" id=\"t2x_186\">2 290 </span><span class=\"S43A7 SC5 S2\" id=\"t2y_186\">Other services other auditors </span><span class=\"S43A8 SC5 S2\" id=\"t2z_186\">1 238 </span><span class=\"S43A9 SC5 S2\" id=\"t30_186\">729 </span><span class=\"S43AA SC4 S2\" id=\"t31_186\">Total </span><span class=\"S43AB SC4 S2\" id=\"t32_186\">21 120 </span><span class=\"S43AC SC4 S2\" id=\"t33_186\">14 793 </span><span class=\"S43AD SC8 S2\" id=\"t34_186\">Other services paid to group auditor </span><span class=\"S43AE SC8 S2\" id=\"t35_186\">for other services in 2022 consists of, </span><span class=\"S43AF SC8 S2\" id=\"t36_186\">among others, ESG related audits, </span><span class=\"S43B0 SC8 S2\" id=\"t37_186\">various legal and tecnical advice, HR </span><span class=\"S43B1 SC8 S2\" id=\"t38_186\">related services, assistance related </span><span class=\"S43B2 SC8 S2\" id=\"t39_186\">to establishment of framework for </span><span class=\"S43B3 SC8 S2\" id=\"t3a_186\">ESG reporting, and other. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21383": {
   "value": "<span class=\"S43B8 SC7 S2\" id=\"t1_187\">Net \ufb01nancial items </span><span class=\"S43B9 SC4 S2\" id=\"t2_187\">Financial revenue </span><span class=\"S43BA SC4 S2\" id=\"t3_187\">2022 </span><span class=\"S43BB SC4 S2\" id=\"t4_187\">2021 </span><span class=\"S43BC SC5 S2\" id=\"t5_187\">Interest revenue </span><span class=\"S43BD SC5 S2\" id=\"t6_187\">35 812 </span><span class=\"S43BE SC5 S2\" id=\"t7_187\">29 193 </span><span class=\"S43BF SC5 S2\" id=\"t8_187\">Currency gain * </span><span class=\"S43C0 SC5 S2\" id=\"t9_187\">16 803 </span><span class=\"S43C1 SC5 S2\" id=\"ta_187\">40 006 </span><span class=\"S43C2 SC5 S2\" id=\"tb_187\">Income from other investments </span><span class=\"S43C3 SC5 S2\" id=\"tc_187\">358 </span><span class=\"S43C4 SC5 S2\" id=\"td_187\">2 207 </span><span class=\"S43C5 SC5 S2\" id=\"te_187\">Other \ufb01nancial revenue </span><span class=\"S43C6 SC5 S2\" id=\"tf_187\">2 665 </span><span class=\"S43C7 SC5 S2\" id=\"tg_187\">1 543 </span><span class=\"S43C8 SC4 S2\" id=\"th_187\">Total \ufb01nancial revenue </span><span class=\"S43C9 SC4 S2\" id=\"ti_187\">55 638 </span><span class=\"S43CA SC4 S2\" id=\"tj_187\">72 950 </span><span class=\"S43CB SC4 S2\" id=\"tk_187\">Financial costs </span><span class=\"S43CC SC4 S2\" id=\"tl_187\">2022 </span><span class=\"S43CD SC4 S2\" id=\"tm_187\">2021 </span><span class=\"S43CE SC5 S2\" id=\"tn_187\">Interest costs (speci\ufb01ed below) </span><span class=\"S43CF SC5 S2\" id=\"to_187\">321 627 </span><span class=\"S43D0 SC5 S2\" id=\"tp_187\">244 669 </span><span class=\"S43D1 SC5 S2\" id=\"tq_187\">Other \ufb01nancial costs </span><span class=\"S43D2 SC5 S2\" id=\"tr_187\">15 780 </span><span class=\"S43D3 SC5 S2\" id=\"ts_187\">22 205 </span><span class=\"S43D4 SC4 S2\" id=\"tt_187\">Total \ufb01nancial costs </span><span class=\"S43D5 SC4 S2\" id=\"tu_187\">337 407 </span><span class=\"S43D6 SC4 S2\" id=\"tv_187\">266 874 </span><span class=\"S43D7 SC4 S2\" id=\"tw_187\">Net \ufb01nancial items </span><span class=\"S43D8 SC4 S2\" id=\"tx_187\">-281 769 </span><span class=\"S43D9 SC4 S2\" id=\"ty_187\">-193 924 </span><span class=\"S43DA SAF1 S2\" id=\"tz_187\">* Currency gains and losses related to purchases and sales are presented as a part of the accounting line for cost of materials. </span><span class=\"S43DB SAF1 S2\" id=\"t10_187\">Net currency gain in 2022 is NOK 58.0 million. In 2021, net gain was NOK 75.2 million. </span><span class=\"S43DC SC4 S2\" id=\"t11_187\">Interest costs consist of </span><span class=\"S43DD SC4 S2\" id=\"t12_187\">2022 </span><span class=\"S43DE SC4 S2\" id=\"t13_187\">2021 </span><span class=\"S43DF SC5 S2\" id=\"t14_187\">Interests on bond loans </span><span class=\"S43E0 SC5 S2\" id=\"t15_187\">45 851 </span><span class=\"S43E1 SC5 S2\" id=\"t16_187\">9 846 </span><span class=\"S43E2 SC5 S2\" id=\"t17_187\">Interest on long term loans from credit institutions </span><span class=\"S43E3 SC5 S2\" id=\"t18_187\">140 936 </span><span class=\"S43E4 SC5 S2\" id=\"t19_187\">97 738 </span><span class=\"S43E5 SC5 S2\" id=\"t1a_187\">Interest on interest swap agreements </span><span class=\"S43E6 SC5 S2\" id=\"t1b_187\">-1 407 </span><span class=\"S43E7 SC5 S2\" id=\"t1c_187\">35 660 </span><span class=\"S43E8 SC5 S2\" id=\"t1d_187\">Interest on lease liabilities to credit institutions </span><span class=\"S43E9 SC5 S2\" id=\"t1e_187\">39 445 </span><span class=\"S43EA SC5 S2\" id=\"t1f_187\">26 839 </span><span class=\"S43EB SC5 S2\" id=\"t1g_187\">Interest on lease liabilities to others </span><span class=\"S43EC SC5 S2\" id=\"t1h_187\">67 000 </span><span class=\"S43ED SC5 S2\" id=\"t1i_187\">54 899 </span><span class=\"S43EE SC5 S2\" id=\"t1j_187\">Other interest cost </span><span class=\"S43EF SC5 S2\" id=\"t1k_187\">29 802 </span><span class=\"S43F0 SC5 S2\" id=\"t1l_187\">19 688 </span><span class=\"S43F1 SC4 S2\" id=\"t1m_187\">Total </span><span class=\"S43F2 SC4 S2\" id=\"t1n_187\">321 627 </span><span class=\"S43F3 SC4 S2\" id=\"t1o_187\">244 669 </span><span class=\"S43F4 S18EC S2\" id=\"t1w_187\">NOTE 23 </span><span class=\"S43F5 S18EC S2\" id=\"t1x_187\">Items that are combined in the \ufb01nancial statements </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21385": {
   "value": "<span class=\"S43B8 SC7 S2\" id=\"t1_187\">Net \ufb01nancial items </span><span class=\"S18EE SC3 S2\" id=\"t1v_187\">All \ufb01gures in NOK 1 000 </span><span class=\"S43F4 S18EC S2\" id=\"t1w_187\">NOTE 23 </span><span class=\"S43F5 S18EC S2\" id=\"t1x_187\">Items that are combined in the \ufb01nancial statements </span><span class=\"S43B9 SC4 S2\" id=\"t2_187\">Financial revenue </span><span class=\"S43BA SC4 S2\" id=\"t3_187\">2022 </span><span class=\"S43BB SC4 S2\" id=\"t4_187\">2021 </span><span class=\"S43BC SC5 S2\" id=\"t5_187\">Interest revenue </span><span class=\"S43BD SC5 S2\" id=\"t6_187\">35 812 </span><span class=\"S43BE SC5 S2\" id=\"t7_187\">29 193 </span><span class=\"S43BF SC5 S2\" id=\"t8_187\">Currency gain * </span><span class=\"S43C0 SC5 S2\" id=\"t9_187\">16 803 </span><span class=\"S43C1 SC5 S2\" id=\"ta_187\">40 006 </span><span class=\"S43C2 SC5 S2\" id=\"tb_187\">Income from other investments </span><span class=\"S43C3 SC5 S2\" id=\"tc_187\">358 </span><span class=\"S43C4 SC5 S2\" id=\"td_187\">2 207 </span><span class=\"S43C5 SC5 S2\" id=\"te_187\">Other \ufb01nancial revenue </span><span class=\"S43C6 SC5 S2\" id=\"tf_187\">2 665 </span><span class=\"S43C7 SC5 S2\" id=\"tg_187\">1 543 </span><span class=\"S43C8 SC4 S2\" id=\"th_187\">Total \ufb01nancial revenue </span><span class=\"S43C9 SC4 S2\" id=\"ti_187\">55 638 </span><span class=\"S43CA SC4 S2\" id=\"tj_187\">72 950 </span><span class=\"S43CB SC4 S2\" id=\"tk_187\">Financial costs </span><span class=\"S43CC SC4 S2\" id=\"tl_187\">2022 </span><span class=\"S43CD SC4 S2\" id=\"tm_187\">2021 </span><span class=\"S43CE SC5 S2\" id=\"tn_187\">Interest costs (speci\ufb01ed below) </span><span class=\"S43CF SC5 S2\" id=\"to_187\">321 627 </span><span class=\"S43D0 SC5 S2\" id=\"tp_187\">244 669 </span><span class=\"S43D1 SC5 S2\" id=\"tq_187\">Other \ufb01nancial costs </span><span class=\"S43D2 SC5 S2\" id=\"tr_187\">15 780 </span><span class=\"S43D3 SC5 S2\" id=\"ts_187\">22 205 </span><span class=\"S43D4 SC4 S2\" id=\"tt_187\">Total \ufb01nancial costs </span><span class=\"S43D5 SC4 S2\" id=\"tu_187\">337 407 </span><span class=\"S43D6 SC4 S2\" id=\"tv_187\">266 874 </span><span class=\"S43D7 SC4 S2\" id=\"tw_187\">Net \ufb01nancial items </span><span class=\"S43D8 SC4 S2\" id=\"tx_187\">-281 769 </span><span class=\"S43D9 SC4 S2\" id=\"ty_187\">-193 924 </span><span class=\"S43DA SAF1 S2\" id=\"tz_187\">* Currency gains and losses related to purchases and sales are presented as a part of the accounting line for cost of materials. </span><span class=\"S43DB SAF1 S2\" id=\"t10_187\">Net currency gain in 2022 is NOK 58.0 million. In 2021, net gain was NOK 75.2 million. </span><span class=\"S43DC SC4 S2\" id=\"t11_187\">Interest costs consist of </span><span class=\"S43DD SC4 S2\" id=\"t12_187\">2022 </span><span class=\"S43DE SC4 S2\" id=\"t13_187\">2021 </span><span class=\"S43DF SC5 S2\" id=\"t14_187\">Interests on bond loans </span><span class=\"S43E0 SC5 S2\" id=\"t15_187\">45 851 </span><span class=\"S43E1 SC5 S2\" id=\"t16_187\">9 846 </span><span class=\"S43E2 SC5 S2\" id=\"t17_187\">Interest on long term loans from credit institutions </span><span class=\"S43E3 SC5 S2\" id=\"t18_187\">140 936 </span><span class=\"S43E4 SC5 S2\" id=\"t19_187\">97 738 </span><span class=\"S43E5 SC5 S2\" id=\"t1a_187\">Interest on interest swap agreements </span><span class=\"S43E6 SC5 S2\" id=\"t1b_187\">-1 407 </span><span class=\"S43E7 SC5 S2\" id=\"t1c_187\">35 660 </span><span class=\"S43E8 SC5 S2\" id=\"t1d_187\">Interest on lease liabilities to credit institutions </span><span class=\"S43E9 SC5 S2\" id=\"t1e_187\">39 445 </span><span class=\"S43EA SC5 S2\" id=\"t1f_187\">26 839 </span><span class=\"S43EB SC5 S2\" id=\"t1g_187\">Interest on lease liabilities to others </span><span class=\"S43EC SC5 S2\" id=\"t1h_187\">67 000 </span><span class=\"S43ED SC5 S2\" id=\"t1i_187\">54 899 </span><span class=\"S43EE SC5 S2\" id=\"t1j_187\">Other interest cost </span><span class=\"S43EF SC5 S2\" id=\"t1k_187\">29 802 </span><span class=\"S43F0 SC5 S2\" id=\"t1l_187\">19 688 </span><span class=\"S43F1 SC4 S2\" id=\"t1m_187\">Total </span><span class=\"S43F2 SC4 S2\" id=\"t1n_187\">321 627 </span><span class=\"S43F3 SC4 S2\" id=\"t1o_187\">244 669 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21386": {
   "value": "<span class=\"S43B8 SC7 S2\" id=\"t1_187\">Net \ufb01nancial items </span><span class=\"S18EE SC3 S2\" id=\"t1v_187\">All \ufb01gures in NOK 1 000 </span><span class=\"S43F4 S18EC S2\" id=\"t1w_187\">NOTE 23 </span><span class=\"S43F5 S18EC S2\" id=\"t1x_187\">Items that are combined in the \ufb01nancial statements </span><span class=\"S43B9 SC4 S2\" id=\"t2_187\">Financial revenue </span><span class=\"S43BA SC4 S2\" id=\"t3_187\">2022 </span><span class=\"S43BB SC4 S2\" id=\"t4_187\">2021 </span><span class=\"S43BC SC5 S2\" id=\"t5_187\">Interest revenue </span><span class=\"S43BD SC5 S2\" id=\"t6_187\">35 812 </span><span class=\"S43BE SC5 S2\" id=\"t7_187\">29 193 </span><span class=\"S43BF SC5 S2\" id=\"t8_187\">Currency gain * </span><span class=\"S43C0 SC5 S2\" id=\"t9_187\">16 803 </span><span class=\"S43C1 SC5 S2\" id=\"ta_187\">40 006 </span><span class=\"S43C2 SC5 S2\" id=\"tb_187\">Income from other investments </span><span class=\"S43C3 SC5 S2\" id=\"tc_187\">358 </span><span class=\"S43C4 SC5 S2\" id=\"td_187\">2 207 </span><span class=\"S43C5 SC5 S2\" id=\"te_187\">Other \ufb01nancial revenue </span><span class=\"S43C6 SC5 S2\" id=\"tf_187\">2 665 </span><span class=\"S43C7 SC5 S2\" id=\"tg_187\">1 543 </span><span class=\"S43C8 SC4 S2\" id=\"th_187\">Total \ufb01nancial revenue </span><span class=\"S43C9 SC4 S2\" id=\"ti_187\">55 638 </span><span class=\"S43CA SC4 S2\" id=\"tj_187\">72 950 </span><span class=\"S43CB SC4 S2\" id=\"tk_187\">Financial costs </span><span class=\"S43CC SC4 S2\" id=\"tl_187\">2022 </span><span class=\"S43CD SC4 S2\" id=\"tm_187\">2021 </span><span class=\"S43CE SC5 S2\" id=\"tn_187\">Interest costs (speci\ufb01ed below) </span><span class=\"S43CF SC5 S2\" id=\"to_187\">321 627 </span><span class=\"S43D0 SC5 S2\" id=\"tp_187\">244 669 </span><span class=\"S43D1 SC5 S2\" id=\"tq_187\">Other \ufb01nancial costs </span><span class=\"S43D2 SC5 S2\" id=\"tr_187\">15 780 </span><span class=\"S43D3 SC5 S2\" id=\"ts_187\">22 205 </span><span class=\"S43D4 SC4 S2\" id=\"tt_187\">Total \ufb01nancial costs </span><span class=\"S43D5 SC4 S2\" id=\"tu_187\">337 407 </span><span class=\"S43D6 SC4 S2\" id=\"tv_187\">266 874 </span><span class=\"S43D7 SC4 S2\" id=\"tw_187\">Net \ufb01nancial items </span><span class=\"S43D8 SC4 S2\" id=\"tx_187\">-281 769 </span><span class=\"S43D9 SC4 S2\" id=\"ty_187\">-193 924 </span><span class=\"S43DA SAF1 S2\" id=\"tz_187\">* Currency gains and losses related to purchases and sales are presented as a part of the accounting line for cost of materials. </span><span class=\"S43DB SAF1 S2\" id=\"t10_187\">Net currency gain in 2022 is NOK 58.0 million. In 2021, net gain was NOK 75.2 million. </span><span class=\"S43DC SC4 S2\" id=\"t11_187\">Interest costs consist of </span><span class=\"S43DD SC4 S2\" id=\"t12_187\">2022 </span><span class=\"S43DE SC4 S2\" id=\"t13_187\">2021 </span><span class=\"S43DF SC5 S2\" id=\"t14_187\">Interests on bond loans </span><span class=\"S43E0 SC5 S2\" id=\"t15_187\">45 851 </span><span class=\"S43E1 SC5 S2\" id=\"t16_187\">9 846 </span><span class=\"S43E2 SC5 S2\" id=\"t17_187\">Interest on long term loans from credit institutions </span><span class=\"S43E3 SC5 S2\" id=\"t18_187\">140 936 </span><span class=\"S43E4 SC5 S2\" id=\"t19_187\">97 738 </span><span class=\"S43E5 SC5 S2\" id=\"t1a_187\">Interest on interest swap agreements </span><span class=\"S43E6 SC5 S2\" id=\"t1b_187\">-1 407 </span><span class=\"S43E7 SC5 S2\" id=\"t1c_187\">35 660 </span><span class=\"S43E8 SC5 S2\" id=\"t1d_187\">Interest on lease liabilities to credit institutions </span><span class=\"S43E9 SC5 S2\" id=\"t1e_187\">39 445 </span><span class=\"S43EA SC5 S2\" id=\"t1f_187\">26 839 </span><span class=\"S43EB SC5 S2\" id=\"t1g_187\">Interest on lease liabilities to others </span><span class=\"S43EC SC5 S2\" id=\"t1h_187\">67 000 </span><span class=\"S43ED SC5 S2\" id=\"t1i_187\">54 899 </span><span class=\"S43EE SC5 S2\" id=\"t1j_187\">Other interest cost </span><span class=\"S43EF SC5 S2\" id=\"t1k_187\">29 802 </span><span class=\"S43F0 SC5 S2\" id=\"t1l_187\">19 688 </span><span class=\"S43F1 SC4 S2\" id=\"t1m_187\">Total </span><span class=\"S43F2 SC4 S2\" id=\"t1n_187\">321 627 </span><span class=\"S43F3 SC4 S2\" id=\"t1o_187\">244 669 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21552": {
   "value": "<span class=\"S442E S18EC S2\" id=\"t29_188\">NOTE 24 </span><span class=\"S3503 S18EC S2\" id=\"t2a_188\">Currency translation differences </span><span class=\"S3188 SC8 S2\" id=\"t1_188\">Assets and liabilities in foreign </span><span class=\"S2537 SC8 S2\" id=\"t2_188\">enterprises are converted to </span><span class=\"S3454 SC8 S2\" id=\"t3_188\">Norwegian krone according to the </span><span class=\"S2DC7 SC8 S2\" id=\"t4_188\">exchange rate on balance sheet </span><span class=\"S3A2E SC8 S2\" id=\"t5_188\">date. Revenues and expenses from </span><span class=\"S43F6 SC8 S2\" id=\"t6_188\">foreign enterprises are converted to </span><span class=\"S1BA2 SC8 S2\" id=\"t7_188\">Norwegian krone according to the </span><span class=\"S43F7 SC8 S2\" id=\"t8_188\">average exchange rate. Translation </span><span class=\"S43F8 SC8 S2\" id=\"t9_188\">differences are charged to </span><span class=\"S43F9 SC8 S2\" id=\"ta_188\">comprehensive income. </span><span class=\"S43FA SC8 S2\" id=\"tb_188\">In the event of a disposal of a foreign </span><span class=\"S3096 SC8 S2\" id=\"tc_188\">enterprise, the relevant accumulated </span><span class=\"S43FB SC8 S2\" id=\"td_188\">translation differences allocated to </span><span class=\"S2DCA SC8 S2\" id=\"te_188\">the parent company\u2019s owners are </span><span class=\"S222D SC8 S2\" id=\"tf_188\">reversed over the income statement. </span><span class=\"S1BD6 SC8 S2\" id=\"tg_188\">The disposal of a foreign enterprise </span><span class=\"S3BD1 SC8 S2\" id=\"th_188\">may take the form either of a whole </span><span class=\"S43FC SC8 S2\" id=\"ti_188\">or partial sale of a subsidiary, joint </span><span class=\"S43FD SC8 S2\" id=\"tj_188\">venture or associate. When selling </span><span class=\"S43FE SC8 S2\" id=\"tk_188\">shares in a subsidiary without losing </span><span class=\"S43FF SC8 S2\" id=\"tl_188\">control, the relative share of the </span><span class=\"S4400 SC8 S2\" id=\"tm_188\">translation difference is transferred </span><span class=\"S2540 SC8 S2\" id=\"tn_188\">to non-controlling interests in the </span><span class=\"S4401 SC8 S2\" id=\"to_188\">equity statement. For other sale of </span><span class=\"S1CEB SC8 S2\" id=\"tp_188\">shares without the loss of joint </span><span class=\"S1C0B SC8 S2\" id=\"tq_188\">control or signi\ufb01cant in\ufb02uence, the </span><span class=\"S36B7 SC8 S2\" id=\"tr_188\">relative share of the accumulated </span><span class=\"S30B6 SC8 S2\" id=\"ts_188\">translation difference is reversed </span><span class=\"S2300 SC8 S2\" id=\"tt_188\">over pro\ufb01t or loss. </span><span class=\"S4402 SC4 S2\" id=\"tu_188\">LSG shareholders </span><span class=\"S4403 SC4 S2\" id=\"tv_188\">Non-controlling </span><span class=\"S4404 SC4 S2\" id=\"tw_188\">interests </span><span class=\"S4405 SC4 S2\" id=\"tx_188\">Total </span><span class=\"S4406 SC4 S2\" id=\"ty_188\">Accumulated currency translation differences as of 01.01.2021 </span><span class=\"S4407 SC4 S2\" id=\"tz_188\">140 290 </span><span class=\"S4408 SC4 S2\" id=\"t10_188\">0 </span><span class=\"S4409 SC4 S2\" id=\"t11_188\">140 290 </span><span class=\"S440A SC5 S2\" id=\"t12_188\">Translation differences related to subsidiaries </span><span class=\"S440B SC5 S2\" id=\"t13_188\">-60 848 </span><span class=\"S440C SC5 S2\" id=\"t14_188\">423 </span><span class=\"S440D SC5 S2\" id=\"t15_188\">-60 425 </span><span class=\"S440E SC5 S2\" id=\"t16_188\">Translation differences from associates </span><span class=\"S440F SC5 S2\" id=\"t17_188\">7 591 </span><span class=\"S4410 SC5 S2\" id=\"t18_188\">0 </span><span class=\"S4411 SC5 S2\" id=\"t19_188\">7 591 </span><span class=\"S4412 SC5 S2\" id=\"t1a_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4413 SC5 S2\" id=\"t1b_188\">-7 215 </span><span class=\"S4414 SC5 S2\" id=\"t1c_188\">0 </span><span class=\"S4415 SC5 S2\" id=\"t1d_188\">-7 215 </span><span class=\"S4416 SC4 S2\" id=\"t1e_188\">Accumulated currency translation differences as of 31.12.2021 </span><span class=\"S4417 SC4 S2\" id=\"t1f_188\">79 818 </span><span class=\"S4418 SC4 S2\" id=\"t1g_188\">423 </span><span class=\"S4419 SC4 S2\" id=\"t1h_188\">80 241 </span><span class=\"S441A SC4 S2\" id=\"t1i_188\">Accumulated currency translation differences as of 01.01.2022 </span><span class=\"S441B SC4 S2\" id=\"t1j_188\">79 818 </span><span class=\"S441C SC4 S2\" id=\"t1k_188\">423 </span><span class=\"S441D SC4 S2\" id=\"t1l_188\">80 241 </span><span class=\"S441E SC5 S2\" id=\"t1m_188\">Translation differences related to subsidiaries </span><span class=\"S441F SC5 S2\" id=\"t1n_188\">61 228 </span><span class=\"S4420 SC5 S2\" id=\"t1o_188\">1 683 </span><span class=\"S4421 SC5 S2\" id=\"t1p_188\">62 911 </span><span class=\"S4422 SC5 S2\" id=\"t1q_188\">Translation differences from associates </span><span class=\"S4423 SC5 S2\" id=\"t1r_188\">1 918 </span><span class=\"S4424 SC5 S2\" id=\"t1s_188\">0 </span><span class=\"S4425 SC5 S2\" id=\"t1t_188\">1 918 </span><span class=\"S4426 SC5 S2\" id=\"t1u_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4427 SC5 S2\" id=\"t1v_188\">110 </span><span class=\"S4428 SC5 S2\" id=\"t1w_188\">0 </span><span class=\"S4429 SC5 S2\" id=\"t1x_188\">110 </span><span class=\"S442A SC4 S2\" id=\"t1y_188\">Accumulated currency translation differences as of 31.12.2022 </span><span class=\"S442B SC4 S2\" id=\"t1z_188\">143 074 </span><span class=\"S442C SC4 S2\" id=\"t20_188\">2 106 </span><span class=\"S442D SC4 S2\" id=\"t21_188\">145 179 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21553": {
   "value": "<span class=\"S442E S18EC S2\" id=\"t29_188\">NOTE 24 </span><span class=\"S3503 S18EC S2\" id=\"t2a_188\">Currency translation differences </span><span class=\"S3188 SC8 S2\" id=\"t1_188\">Assets and liabilities in foreign </span><span class=\"S2537 SC8 S2\" id=\"t2_188\">enterprises are converted to </span><span class=\"S3454 SC8 S2\" id=\"t3_188\">Norwegian krone according to the </span><span class=\"S2DC7 SC8 S2\" id=\"t4_188\">exchange rate on balance sheet </span><span class=\"S3A2E SC8 S2\" id=\"t5_188\">date. Revenues and expenses from </span><span class=\"S43F6 SC8 S2\" id=\"t6_188\">foreign enterprises are converted to </span><span class=\"S1BA2 SC8 S2\" id=\"t7_188\">Norwegian krone according to the </span><span class=\"S43F7 SC8 S2\" id=\"t8_188\">average exchange rate. Translation </span><span class=\"S43F8 SC8 S2\" id=\"t9_188\">differences are charged to </span><span class=\"S43F9 SC8 S2\" id=\"ta_188\">comprehensive income. </span><span class=\"S43FA SC8 S2\" id=\"tb_188\">In the event of a disposal of a foreign </span><span class=\"S3096 SC8 S2\" id=\"tc_188\">enterprise, the relevant accumulated </span><span class=\"S43FB SC8 S2\" id=\"td_188\">translation differences allocated to </span><span class=\"S2DCA SC8 S2\" id=\"te_188\">the parent company\u2019s owners are </span><span class=\"S222D SC8 S2\" id=\"tf_188\">reversed over the income statement. </span><span class=\"S1BD6 SC8 S2\" id=\"tg_188\">The disposal of a foreign enterprise </span><span class=\"S3BD1 SC8 S2\" id=\"th_188\">may take the form either of a whole </span><span class=\"S43FC SC8 S2\" id=\"ti_188\">or partial sale of a subsidiary, joint </span><span class=\"S43FD SC8 S2\" id=\"tj_188\">venture or associate. When selling </span><span class=\"S43FE SC8 S2\" id=\"tk_188\">shares in a subsidiary without losing </span><span class=\"S43FF SC8 S2\" id=\"tl_188\">control, the relative share of the </span><span class=\"S4400 SC8 S2\" id=\"tm_188\">translation difference is transferred </span><span class=\"S2540 SC8 S2\" id=\"tn_188\">to non-controlling interests in the </span><span class=\"S4401 SC8 S2\" id=\"to_188\">equity statement. For other sale of </span><span class=\"S1CEB SC8 S2\" id=\"tp_188\">shares without the loss of joint </span><span class=\"S1C0B SC8 S2\" id=\"tq_188\">control or signi\ufb01cant in\ufb02uence, the </span><span class=\"S36B7 SC8 S2\" id=\"tr_188\">relative share of the accumulated </span><span class=\"S30B6 SC8 S2\" id=\"ts_188\">translation difference is reversed </span><span class=\"S2300 SC8 S2\" id=\"tt_188\">over pro\ufb01t or loss. </span><span class=\"S4402 SC4 S2\" id=\"tu_188\">LSG shareholders </span><span class=\"S4403 SC4 S2\" id=\"tv_188\">Non-controlling </span><span class=\"S4404 SC4 S2\" id=\"tw_188\">interests </span><span class=\"S4405 SC4 S2\" id=\"tx_188\">Total </span><span class=\"S4406 SC4 S2\" id=\"ty_188\">Accumulated currency translation differences as of 01.01.2021 </span><span class=\"S4407 SC4 S2\" id=\"tz_188\">140 290 </span><span class=\"S4408 SC4 S2\" id=\"t10_188\">0 </span><span class=\"S4409 SC4 S2\" id=\"t11_188\">140 290 </span><span class=\"S440A SC5 S2\" id=\"t12_188\">Translation differences related to subsidiaries </span><span class=\"S440B SC5 S2\" id=\"t13_188\">-60 848 </span><span class=\"S440C SC5 S2\" id=\"t14_188\">423 </span><span class=\"S440D SC5 S2\" id=\"t15_188\">-60 425 </span><span class=\"S440E SC5 S2\" id=\"t16_188\">Translation differences from associates </span><span class=\"S440F SC5 S2\" id=\"t17_188\">7 591 </span><span class=\"S4410 SC5 S2\" id=\"t18_188\">0 </span><span class=\"S4411 SC5 S2\" id=\"t19_188\">7 591 </span><span class=\"S4412 SC5 S2\" id=\"t1a_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4413 SC5 S2\" id=\"t1b_188\">-7 215 </span><span class=\"S4414 SC5 S2\" id=\"t1c_188\">0 </span><span class=\"S4415 SC5 S2\" id=\"t1d_188\">-7 215 </span><span class=\"S4416 SC4 S2\" id=\"t1e_188\">Accumulated currency translation differences as of 31.12.2021 </span><span class=\"S4417 SC4 S2\" id=\"t1f_188\">79 818 </span><span class=\"S4418 SC4 S2\" id=\"t1g_188\">423 </span><span class=\"S4419 SC4 S2\" id=\"t1h_188\">80 241 </span><span class=\"S441A SC4 S2\" id=\"t1i_188\">Accumulated currency translation differences as of 01.01.2022 </span><span class=\"S441B SC4 S2\" id=\"t1j_188\">79 818 </span><span class=\"S441C SC4 S2\" id=\"t1k_188\">423 </span><span class=\"S441D SC4 S2\" id=\"t1l_188\">80 241 </span><span class=\"S441E SC5 S2\" id=\"t1m_188\">Translation differences related to subsidiaries </span><span class=\"S441F SC5 S2\" id=\"t1n_188\">61 228 </span><span class=\"S4420 SC5 S2\" id=\"t1o_188\">1 683 </span><span class=\"S4421 SC5 S2\" id=\"t1p_188\">62 911 </span><span class=\"S4422 SC5 S2\" id=\"t1q_188\">Translation differences from associates </span><span class=\"S4423 SC5 S2\" id=\"t1r_188\">1 918 </span><span class=\"S4424 SC5 S2\" id=\"t1s_188\">0 </span><span class=\"S4425 SC5 S2\" id=\"t1t_188\">1 918 </span><span class=\"S4426 SC5 S2\" id=\"t1u_188\">Conversion differences that are reclassi\ufb01ed to pro\ufb01t and loss in the period </span><span class=\"S4427 SC5 S2\" id=\"t1v_188\">110 </span><span class=\"S4428 SC5 S2\" id=\"t1w_188\">0 </span><span class=\"S4429 SC5 S2\" id=\"t1x_188\">110 </span><span class=\"S442A SC4 S2\" id=\"t1y_188\">Accumulated currency translation differences as of 31.12.2022 </span><span class=\"S442B SC4 S2\" id=\"t1z_188\">143 074 </span><span class=\"S442C SC4 S2\" id=\"t20_188\">2 106 </span><span class=\"S442D SC4 S2\" id=\"t21_188\">145 179 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22007": {
   "value": "<span class=\"S3A28 S18EC S2\" id=\"t1k_191\">NOTE 26 </span><span class=\"S2C62 S18EC S2\" id=\"t1l_191\">Events after balance sheet date </span><span class=\"S4584 SC7 S2\" id=\"t1_191\">Proposed resource rent taxation on </span><span class=\"S4585 SC7 S2\" id=\"t2_191\">aquaculture in Norway </span><span class=\"S4586 SC8 S2\" id=\"t3_191\">On 28 September 2022 the </span><span class=\"S4587 SC8 S2\" id=\"t4_191\">Norwegian government published a </span><span class=\"S4588 SC8 S2\" id=\"t5_191\">consultation draft concerning the </span><span class=\"S4589 SC8 S2\" id=\"t6_191\">introduction of resource rent tax on </span><span class=\"S458A SC8 S2\" id=\"t7_191\">Norway\u2019s aquaculture industry. Ler\u00f8y </span><span class=\"S458B SC8 S2\" id=\"t8_191\">Seafood Group submitted its </span><span class=\"S458C SC8 S2\" id=\"t9_191\">consultation response ahead of the </span><span class=\"S458D SC8 S2\" id=\"ta_191\">deadline on 4 January. Approx. 400 </span><span class=\"S380B SC8 S2\" id=\"tb_191\">stakeholders submitted consultation </span><span class=\"S458E SC8 S2\" id=\"tc_191\">responses, a signi\ufb01cant majority of </span><span class=\"S458F SC8 S2\" id=\"td_191\">which took a negative view of the </span><span class=\"S380E SC8 S2\" id=\"te_191\">proposal. The government showed </span><span class=\"S4590 SC8 S2\" id=\"tf_191\">little inclination to listen to the </span><span class=\"S4591 SC8 S2\" id=\"tg_191\">responses and on 28 March 2023 </span><span class=\"S4592 SC8 S2\" id=\"th_191\">published Proposition to the Storting </span><span class=\"S4593 SC8 S2\" id=\"ti_191\">78 LS \u2013 Resource rent tax on </span><span class=\"S4594 SC8 S2\" id=\"tj_191\">aquaculture, which proposes </span><span class=\"S4595 SC8 S2\" id=\"tk_191\">introducing a resource rent tax of </span><span class=\"S3125 SC8 S2\" id=\"tl_191\">35%. This would be in addition to </span><span class=\"S4596 SC8 S2\" id=\"tm_191\">ordinary corporation tax of 22% and </span><span class=\"S4597 SC8 S2\" id=\"tn_191\">would apply to the Norwegian </span><span class=\"S4598 SC8 S2\" id=\"to_191\">aquaculture operations in sea. The </span><span class=\"S4599 SC8 S2\" id=\"tp_191\">government\u2019s resource rent tax </span><span class=\"S21D5 SC8 S2\" id=\"tq_191\">proposal is expected to be passed by </span><span class=\"S459A SC8 S2\" id=\"tr_191\">the Storting by July 2023. It is dif\ufb01cult </span><span class=\"S459B SC8 S2\" id=\"ts_191\">to comment on a proposal that is the </span><span class=\"S459C SC8 S2\" id=\"tt_191\">subject of political negotiations and </span><span class=\"S459D SC8 S2\" id=\"tu_191\">has not yet been \ufb01nally adopted. If </span><span class=\"S459E SC8 S2\" id=\"tv_191\">the proposal is passed, it will affect </span><span class=\"S459F SC8 S2\" id=\"tw_191\">the Group\u2019s pro\ufb01t after tax and cash </span><span class=\"S45A0 SC8 S2\" id=\"tx_191\">\ufb02ow for 2023. Lower cash \ufb02ow will </span><span class=\"S3817 SC8 S2\" id=\"ty_191\">impair the Group\u2019s investment capacity </span><span class=\"S45A1 SC8 S2\" id=\"tz_191\">and long-term development potential. </span><span class=\"S45A2 SC7 S2\" id=\"t10_191\">Green bond issues in 2023 </span><span class=\"S45A3 SC8 S2\" id=\"t11_191\">The 19 April 2023 Ler\u00f8y Seafood </span><span class=\"S1D8D SC8 S2\" id=\"t12_191\">Group ASA completed 3 new senior </span><span class=\"S45A4 SC8 S2\" id=\"t13_191\">unsecured green bond issues. The </span><span class=\"S45A5 SC8 S2\" id=\"t14_191\">three bonds, each of NOK 500 million, </span><span class=\"S45A6 SC8 S2\" id=\"t15_191\">has tenors of 5, 7 and 10 years, </span><span class=\"S45A7 SC8 S2\" id=\"t16_191\">respectively. </span><span class=\"S45A8 SC8 S2\" id=\"t17_191\">The bonds have </span><span class=\"S45A9 SC8 S2\" id=\"t18_191\">coupons of 3m NIBOR + 1.50% p.a for </span><span class=\"S45AA SC8 S2\" id=\"t19_191\">the 5 year tranche, \ufb01xed rate of 5.10% </span><span class=\"S45AB SC8 S2\" id=\"t1a_191\">p.a for the 7 year tranche and a \ufb01xed </span><span class=\"S45AC SC8 S2\" id=\"t1b_191\">rate of 5.315% p.a for the 10 year </span><span class=\"S45AD SC8 S2\" id=\"t1c_191\">tranche. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29081": {
   "value": "<span class=\"S5CE2 S108 S2\" id=\"t3_260\">Thorm\u00f8hlens gate 51 B </span><span class=\"S5CE3 S108 S2\" id=\"t4_260\">N-5006 Bergen </span>",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:5967007LIEEXZXJ2JK50",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}