ANNUAL REPORT 2023
AIDER KONSERN
REPORT FROM THE
BOARD OF DIRECTORS
REPORT FROM THE BOARD OF DIRECTORS 2023
FOR AIDER KONSERN AS
Aider Konsern AS is a holding company for companies that provide accounting,
advisory services and related IT-services. The company's address is Karl Johans
gate 37, 0162 Oslo.
The company mainly invests in other companies that provide accounting and
technology services to customers who outsource all or part of their finance function.
Comments related to the financial statement
Aider Konsern AS had an annual result of TNOK -10 038 (compared to last year of
TNOK 33 221) and a balance of TNOK 1 191 910 (compared to last year of TNOK
776 091). The equity ratio was 7,1% (compared to last year of 12.2%).
The group had an annual result of TNOK -642 (compared to last year of 2 472) and
a balance of TNOK 1 604 365 (compared to last year 1 108 541). Revenue was
TNOK 838 458 (compared to last year of 517 180). The equity ratio was 17,3%
(25.6% in 2021).
Underlying operations have been good throughout the year, but processes related
to acquisitions and integrations, as well as a legal restructuring process merging
operational subsidiaries into Aider AS resulted in one-off costs that have negatively
affected the result. Furthermore, the margins in the accounting practice are higher
in Q1 and Q2 compared to Q3 and Q4. Since the acquisitions are accounted for
from the time of purchase, reported margins are consequently lower than the
underlying margins from the operations.
2023 has been a year where we have continued the significant growth from
2022. Aider counts 812 people end of 2023 compared to 652 end of 2022. Aider has
clearly strengthened its brand nationally and locally through acquisitions of well
reputed accounting firms throughout Norway
There was substantial costs related to M&A and post-merger activities. Cost related
to special items are at NOK 19,5 million up from NOK 4,8 million in 2022. There
was also an one-time cost increase in the organization related to post merger
activities that are not accounted for as special items. Additionally, Aider completed a
major legal restructuring process merging operational subsidiaries into Aider AS in
December. Consequently, management is happy to deliver a proforma EBITDA
margin according to guiding, even with substantial internal improvement project as
well as M&A activities well above plan.
Net financial items have had a significant increase from NOK -32.8 million to NOK
-76,8 million in 2023 for the group, mainly due to interests from the bond obligation.
The cash flow from operating activities for the group in 2023 is NOK 82,2 million,
and Cash flow from investments are NOK -312,6 million. The cash flow from
financing activities are supported by the obligation issued in May 2022 with two taps
in 2023 and are NOK 364,5 million.
Bond reporting
In relation with the bond, the Group must have MNOK 45 free liquidity at any time.
Aider complies with this covenant requirement.
Plans and guiding for 2024
Aider's vision is:
“Redefining the accounting industry by
building a competence powerhouse of back-office services."
Aider is a vision- and value-driven company. The vision guides all priorities.
Aider will continue to grow rapidly. The high level of M&A activity in 2023 is planned to
be sustained at the same level in 2024. Also, organic growth is expected to continue
at the same high levels.
The possibility for realizing synergies increases as Aider grows. The return of
investments in automation/AI, smarter work processes, software etc. will be higher as
the customer base is larger. Consequently, EBITDA is expected to increase in 2024.
Aider will continue to develop complementary advisory services including further
strengthening the tech offering.
Acquisitions completed in 2023:
Aider completed 14 acquisitions in 2023:
RevenueEmployeesDateAcquired company
22 000 0001303.01.23Nitschke & Borgting Økonomibyrå AS
8 000 000725.04.23Hydra Regnskap AS
2 800 000101.04.23Rekon AS
14 000 000830.06.23Effektiv Bedrift AS
7 800 000730.06.23Fasit Regnskap AS
10 000 000830.06.23Flytsona AS
4 000 000430.09.23Bromar AS
3 000 000222.11.23Ellingsen og Alpen
8 700 000722.11.23Ellingsen Regnskapsservice
20 400 0001601.12.23Havtal AS
6 900 000504.12.23Arcadia Regnskap AS
6 000 000505.12.23TM Regnskap og Økonomi AS
12 700 0001131.12.23Frier Accounting AS
2 200 000331.12.23Frier Accounting Oslo AS
106 500 00097Total
Organic growth
Organic growth is a strategic focus area for the Aider management. Being attractive
to new customers and new talent is essential for long-term success. 2023 has been
a formidable in this respect, with an organic growth of 20,3 % for the year.
Aider has throughout 2023 strengthened its recruitment capabilities, both internally
as well as externally. This has greatly paid off, and Aider was able to hire 205
people in 2023, of which 66 was student hires of master and bachelor candidates.
Aider counts 812 people end of 2023 compared to 652 end of 2022.
Aider is experiencing to continue its organic growth through new customers and
projects. We see a shift in the market, where increasingly larger companies are
contacting Aider for our services. Many of these companies have internal
accounting departments and are therefore an exciting new segment for further
growth. This is also supported by industry surveys which show that the market is
growing rapidly and that it is particularly the large, professional accounting firms
who absorbs much of the growth.
In addition to acquisitions, Aider grows organically by opening new offices in new
locations from scratch. The last two years, Aider has established four new offices:
• Lillehammer (2021)
• Sarpsborg (2022)
• Lillestrøm (2022)
• Stjørdal (2022)
We have a very good track record from establishing new offices. At the end of 2023,
the Lillehammer office counts 17 employees, Sarpsborg 17, Lillestrøm 20 and
Stjørdal 9. All of them only through organic growth. Two of the offices, Lillehammer
and Sarpsborg, have also been the start of the regions Innlandet and Østfold. Both
regions have grown organically and through acquisitions and going into 2024
region Innlandet has 28 employees and Østfold has 43.
Starting-up new offices are expected to take 4-6 months before being fully
operational and profitable. All these offices are beyond the start-up phase and are
contributing positively to the EBITDA margin for the Group.
Central risks and uncertainties
All accounting firms are subject to regulations on risk management and internal
control. The board has a focus on this work in relation to risk assessment and
follow-up on risk-reducing measures.
The board does not perceive the risk picture to have changed significantly through
2023 and has particularly focused on the following risk areas:
• Growth risk
• ICT risk
• Money laundering risk
• Financial Risk
Growth risk
Aider is growing rapidly, both organically and through acquisitions. With 205 new hires
in 2023, there is continuously joining new people who are not familiar with the
company's quality procedures and guidelines. Aider therefore focuses on on-boarding
new companies and individuals through:
• Further developing and improving methodology and documentation for acquisition
processes
• Developing, improving and strengthen the national and regional quality
organization
• The head of quality reports to the board and ensures that quality work is well
illuminated in the board's discussions
• A cross-functional project team is set up to ensure all aspects of on-boarding
including the implementation of quality procedures
• Significant investment has been made in further developing training programs for
new hires, including national meetings, written procedures, online courses, and
more.
• A personal mentor is appointed to help clarify questions for all new hires
ICT risk
Aider delivers important technology to our customers. This is an area where major
changes are taking place. This makes monitoring ICT risk an important part of Aider's
risk work. To handle this, Aider has built up a strong tech team of about 75 people
where ICT risk work is also managed to ensure good expertise and coordination.
Aider has chosen not to do IT operations itself, but through partners. This means that
we share risk, expertise, and control measures with subcontractors related to
operational activities.
Money laundering risk
The board experiences that the Financial Supervisory Authority's expectations related
to anti money laundering procedures are increasing. The board has taken this into
account through several measures. Among other things, adjustments to the quality
systems have been made to make it easier to collect documentation and perform
assessments in one place.
In December 2023, the group merged all accounting subsidiaries/operational
subsidiaries and established Aider AS. All accounting related business within the
group is now gathered in Aider AS. As a result, the board appointed a money-
laundering responsible at group level for Aider AS. Additionally, the regional quality
managers have been delegated responsibility for supervising the money-laundering
activities in their regions. The company has also appointed a separate money
laundering compliance responsible.
Financial risk
At the end of 2023, the group had a long-term loan of MNOK 897,4. In addition, the
group has established a revolving credit facility of MNOK 45 to secure liquidity and
increase flexibility in daily operations. In addition, the companies in the group are
organized in a group account arrangement to ensure liquidity for each company. Cash
flow from operations covers the short-term obligations and is continuously monitored
by the board.
In 2023, Aider choose to tap on the obligation loan from MNOK 500 to 875. This
provides greater flexibility for investments.
The Board's assessment is that the company and the group are well capitalized and
have a good liquidity situation, both as of December 31, 2023 and after the issuance
of the bond loan.
Events after the balance sheet date:
Aider announced 26.01.2024 the acquisition of Ascender AS. This is a transformative
transaction for Aider which opens many new possibilities for further expansion of
advisory services as well as positioning Aider for larger clients. In particular, the
management-for-hire service will be a great supplement to Aiders current service
offering.
The founder and majority owner of Ascender, Knut Grotli, is also the head of the Board
in Aider, and the transaction has been handled internally according to legal
requirements (aksjeloven § 3-8).
Ascender is an executive search and recruitment company with a revenue of MNOK
130 in 2023, 23 employees and more than 60 consultants on management-for-hire
assignments.
The cash settlement was 10.5%, bringing down net interest-bearing debt to EBITDA-
ratio to 3.4.
Continuing operations:
The financial statements for 2023 have been prepared on the assumption of
continuing operations. It is hereby confirmed that the assumption of continuing
operations is valid.
Research and development activities
The company has undertaken several development projects in its service areas of IT,
accounting, and payroll production, including robotic projects and customer
applications. A total of NOK 29,1 million was capitalized as of December 31, 2023.
Directors' liability insurance
The company has director's liability insurance at group level, which also covers the
board of Aider Konsern AS.
Statement of Social Responsibility
Working environment
The sickness absence rate in the group was approximately 4.7% throughout 2023.
This is reduction of 0.2% from 2022 and is considered acceptable, However, active
efforts to keep sickness absence down are an ongoing measure at Aider.
There have been no reported or occurring work-related accidents or injuries, neither
to personnel nor materials.
Flexibility with regard to workplace has been practiced so that all employees have had
the opportunity to work from home during periods where it has been most
appropriate.
Gender equality
At the end of the year, the group had 812 employees, of whom 504 were women
(62.1%). The proportion of women in management positions is 49,4%. Management
positions are defined as positions with specific responsibility for a service area or
department.
There is no discrimination in pay or other ways between genders. Equal work and
responsibilities should be remunerated equally at Aider.
In 2023, individuals with diversity competence were engaged to focus on diversity
and equality. The basis for the Aider approach on diversity is our “People first” culture
where people is the starting point for all decisions and priorities. Also, Aider is aiming
to recognize people as unique individuals and not treated as a part of a group.
Measures to prevent discrimination, etc.
The group has established reporting procedures to detect unwanted incidents and
prevent discrimination, among other things. Recruitment processes always involve
several people to ensure that multiple candidates are evaluated, and any personal
biases are eliminated. Finally, calibration of salary and promotion to leadership
positions is done at office level, regional level, and/or national level to more easily
detect any systematic imbalances in remuneration, opportunities for promotion, etc.
From 2022, we have also implemented ongoing employee surveys where we also
focus on diversity and inclusion. Results from these surveys are evaluated and
followed up from local to national level.
Environmental impact
Moving toward a more sustainable future is a necessity, and Aider takes this
responsibility seriously. In order to help track the Group’s ESG metrics the board has
chosen to prepare an updated ESG report for 2023 for the Aider group based on the
NSRS framework. This report will be published openly on Aiders web pages.
Being a professional services firm, the environmental impact of the company and
group’s core business is rather low. Aider does, however, recognize the opportunity
and responsibility of helping businesses create profitability in new and circular
business models, and ensuring a competitive sustainable transition.
Aider has joined Accounting Norway’s Sustainability Council (Regnskap Norge
Bærekraftsforum).
The Transparency Act and responsible sourcing
Aider is committed to making sure we contribute positively to local and civil society.
While we have always put quality and safety highly when choosing our suppliers, this
year we have conducted more rigorous due diligence assessments in accordance with
the OECD Guidelines in order to get a better overview of any risks in our supply
chain, and to comply with the transparency act.
This due diligence covers a wide array of topics including practices related to Human
Rights, Labour, Environment, anti-corruption and more. We used the software
provider Factlines to conduct this assessment, and have been scored as a low-risk
supplier ourselves, as well as having a low-risk supply chain overall. We have not
identified any significant risks, but there are some identified lesser risks regarding
non-codified ethical standards which we will follow up during the autumn.
Further information regarding this work will be published on:
www.aider.no/apenhetsloven by 30.06.
Statement on the annual accounts and appropriation of profit
The board of Aider Konsern AS proposes that the year’s deficit of TNOK 10 038 be
transferred from other equity.
Electronically signed______ Electronically signed_____
Andreas Vik Bjørnar Fjeld
Chairman of the board/CEO Board member
Electronically signed______ Electronically signed_____
Knut Grotli Kristian Thaysen
Board member Board member
Oslo, 30.04.2024
Consolidated financial
statement 2023
20222023NoteINCOME STATEMENT
(Amount in NOK 1000)
Operating income
3
Revenue
(54 834 )(87 292 )Cost of goods sold
(356 333 )(575 073 )4Personell expenses
(22 716 )(36 316 )5,6,7Amortizations and depreciations
(45 979 )(64 986 )8,9,10Other expenses
(479 863 )(763 667 )Total operating expenses
Financial items
(71 )- 11,12Result from associated companies
(34 482 )(89 238 )11Other interest expense
(1 768 )(153 )11Other financial expense
(32 824 )(76 809 )Net financial items
(2 020 )1 376 13Income taxes
Earnings per share in NOK
Continuing operations
Other comprehensive income
Attributable to
Income statement
Aider konsern
20222023NoteASSETS
(Amount in NOK 1000)
Non-current assets
Intangible assets
Tangible assets
Non-current financial assets
Current assets
Balance sheet
Aider konsern
20222023Note
EQUITY AND LIABILITIES
(Amount in NOK 1000)
EQUITY
Paid-in capital
(382 )(5 287 )Uncovered loss
LIABILITIES
Provisions
Non-current liabilities
Current liabilities
Balance sheet
Aider konsern
Electronically signed______ Electronically signed_____
Andreas Vik Bjørnar Fjeld
Chairman of the board/CEO Board member
Electronically signed______ Electronically signed_____
Knut Grotli Kristian Thaysen
Board member Board member
Oslo, 30.04.2024
TotalMinority
Uncovered
loss
Other
equity
Share
premium
Share
capital
(Amount in NOK 1000)
(17 )(6 )(11 )Establishment of companies
(2 365 )(2 365 )Dividend to minority
(642 )4 262 (4 904 )Result for the period
(11 )- (11 )Establishment of companies
(4 968 )(4 968 )Transaction with minority
Statement of equity
Aider konsern
20222023
(Amount in NOK 1000)
Operating activities
(6 063 )(8 435 )Tax paid
(16 500 )(34 248 )Change in accounts receivables
(12 327 )27 674 Change in other accrual items
Investment activities
(11 035 )(31 541 )
Net expenditure on property, plant and
equipment
(310 596 )(300 458 )Investment in shares
(298 309 )(312 626 )Cash flow from investment activities
Financing activities
Proceeds from the issuance of new long-term
liabilities
(136 594 )(655 )Repayment of long-term liabilities
(17 229 )(28 022 )Payment of principal portion of lease liabilities
(2 058 )- Payment of dividend
Cash and cash equivalents at the start of the
period
Cash and cash equivalents at the end of the
period
Cash flow statement
Aider konsern
Notes to consolidated
financial statement
Aider konsern
Parent company account
Aider Konsern AS
20222023NoteINCOME STATEMENT
(Amount in NOK 1000)
Operating income
21 65127 816
1
Revenue
20 871-
1
Other income
42 52127 816Total operating income
4 24640 7801Cost of goods sold
-466Change in inventories
1 264
2 513
2Amortizations and depreciations
21 22310 3043Other expenses
26 73354 062Total operating expenses
15 788-26 247Operating profit
Financial items
2 0676 480Other interest income
12 889Other financial income
53 39688 8541Income from subsidiaries
31 44084 744Other interest expense
1 759100Other financial expense
22 26613 378Net financial items
38 054-12 869Profit before tax
4 833-2 8314Income taxes
33 221-10 038Profit for the period
Attributable to
33 221-10 0385Other equity
33 188-10 038Total
Income statement
Aider konsern AS
20222023NoteASSETS
(Amount in NOK 1000)
Non-current assets
Intangible assets
5 6839 3412Research and development
5 6839 341Total intangible assets
Non-current financial assets
602 905737 9971,6Investments in subsidiaries
-4 5126Investment in associated companies
3 512-Investments in shares
606 416742 509Total non-current financial assets
612 100751 850Total non-current assets
Current assets
14431Accounts receivables
6 6526 716Other short-term receivables
-152 883Investemnt in fund units
94 435103 5171Receivables from group companies
62 902176 5017Cash and Cash equivalents
163 991440 060Total current assets
776 0911 191 910Total assets
Balance sheet
Aider konsern AS
20222023Note
EQUITY AND LIABILITIES
(Amount in NOK 1000)
EQUITY
Paid-in capital
1 0001 0008Share capital
44 56644 566Share premium
45 56645 566Total paid-in capital
49 18739 149Other equity
94 75384 715Total equity
LIABILITIES
Provisions
3 1353034Deferred tax
3 135303Total provisions
Non-current liabilities
485 606893 4509Interest bearing debt
485 606893 450Total non-current liabilities
Current liabilities
121 503
185 627
1Liabilities to group companies
994
16 671
Accounts payables
4 161-4Tax payable
--Public duties payable
8 028-Debt to credit institutions
58 628
11 143
1Other current liabilities
192 598213 442Total current liabilities
681 3381 107 195Total liabilities
776 0911 191 910Total equity and liabilities
Balance sheet
Aider konsern AS
Electronically signed______ Electronically signed_____
Andreas Vik Bjørnar Fjeld
Chairman of the board/CEO Board member
Electronically signed______ Electronically signed_____
Knut Grotli Kristian Thaysen
Board member Board member
Oslo, 30.04.2024
20222023
(Amount in NOK 1000)
Operating activities
38 054-12 869Profit for the period before tax
-156-994Tax paid
1 2642 513Depreciation and amortization
--2 883Financial items
229-442Change in accounts receivables
7 75315 677Change in accounts payables
9 40471 129Change in other accrual items
56 32972 131Cash flow from operating activities
Investment activities
-4 794-6 171
Net expenditure on property, plant and
equipment
-377 603-202 546Investment in shares
--150 000Investment in fund units
-17 4686 965Net change in group account
-399 862-351 752Cash flow from investment activities
Financing activities
500 000401 302
Proceeds from the issuance of new long-term
liabilities
-136 569-Repayment of long-term liabilities
--Proceeds from equity
8 028-8 083Overdraft on credit facility
34 966-Group contributions
406 425393 219Cash flow from financing activities
62 893113 599Net change in cash and cash equivalents
1062 902
Cash and cash equivalents at the start of the
period
62 902176 501
Cash and cash equivalents at the end of the
period
Cash flow statement
Aider konsern AS
Notes to financial
statement
Aider konsern AS
Accounting principles
The annual accounts have been prepared in conformity with the provisions of the Accounting Act and good
accounting practice.
Use of estimates
In the preparation of the annual accounts estimates and assumptions have been made that have affected the
profit and loss account and the valuation of assets and liabilities, and uncertain assets and liabilities on the
balance sheet date in accordance with generally accepted accounting practice. Areas which to a large extent
contain such subjective evaluations, a high degree of complexity, or areas where the assumptions and
estimates are material for the annual accounts, are described in the notes.
Revenues
Income from the sale of goods is recognised on the date of delivery. Services are posted as income as they
are delivered. Income from the sale of services and long-term manufacturing projects (construction contracts)
are posted to the profit and loss account in line with the project’s degree of completion, when the outcome of
the transaction can be estimated in a reliable manner. When the transaction’s outcome cannot be estimated
reliably, only income corresponding to a projects’ incurred costs can be posted as revenue. At the time when
it is identified that the project will give a negative result, the estimated loss on the contract is posted in full to
the profit and loss account.
Tax
The tax charge in the profit and loss account consists of tax payable for the period and the change in
deferred tax. Deferred tax is calculated at the tax rate at 22 % on the basis of tax-reducing and tax-increasing
temporary differences that exist between accounting and tax values, and the tax loss carried forward at the
end of the accounting year. Tax-increasing and tax-reducing temporary differences that reverse or may
reverse in the same period are set off and entered net. The net deferred tax receivable is entered on the
balance sheet to the extent that it is likely that it can be utilised.
Classification and valuation of fixed assets
Fixed assets consist of assets intended for long-term ownership and use. Fixed assets are valued at
acquisition cost less depreciation and write-downs. Long-term liabilities are entered on the balance sheet at
the nominal amount at the time of the transaction.
Plant and equipment is capitalised and appreciated over the economic lifetime of the asset. Significant items
of plant and equipment that consist of several material components with different lifetimes are broken down in
order to establish different depreciation periods for the different components. Direct maintenance of plant and
equipment is expensed on an ongoing basis under operating costs, while additions or improvements are
added to the asset’s cost price and depreciated in line with the asset. Plant and equipment is written down to
the recoverable amount in the event of a fall in value that is not expected to be temporary. The recoverable
amount is the higher of the net sales value and the value in use. Value in use is the present value of future
cash flows related to the asset. The write-down is reversed when the basis for the write-down is no longer
present.
Research and development
Expenses on research and development are capitalized to the extent one cannot identify a future economic
benefit related to the development of an identifiable intangible asset and where the acquisition cost can be
measured reliably. In the opposite case such costs are expensed as incurred. Capitalized research and
development is depreciated on a straight line basis over its economic lifetime.
Subsidiaries and associated companies
Subsidiaries and associated companies are valued using the cost method in the company accounts. The
investment is valued at acquisition cost for the shares unless a write-down has been necessary. A write-down
to fair value is made when a fall in value is due to reasons that cannot be expected to be temporary and such
write-down must be considered as necessary in accordance with good accounting practice. Write-downs are
reversed when the basis for the write-down is no longer present.
Dividends, group contributions and other distributions from subsidiaries are posted to income in the same year
as provided for in the distributor’s accounts. To the extent that dividends/ group contributions exceed the
share of profits earned after the date of acquisition, the excess amounts represents a repayment of invested
capital, and distributions are deducted from the investment’s value in the balance sheet of the parent
company.
Goods
Goods are valued at the lower of acquisition cost and net sale value. Sale value is the estimated sale price in
ordinary operations after deduction of estimated necessary expenses for completing the sale. Acquisition cost
includes expenses incurred in acquiring goods and costs necessary to bring the goods to the present position
and are attributed using the FIFO principle.
Receivables
Receivables from customers and other receivables are entered at par value after deducting a provision for
expected losses. The provision for losses is made on the basis of an individual assessment of the respective
receivables. In addition an unspecified provision is made to cover expected losses on claims in respect of
customer receivables.
Cash flow statement
The cash flow statement has been prepared using the indirect method. Cash and cash equivalents consist of
cash, bank deposits and other short-term, liquid investments
Note 1 – Transaction with related parties
AffiliateRelated party
SubsidiaryAider AS
SubsidiaryAider Bergen AS
SubsidiaryAider Sørøst AS
SubsidiaryAider Bergen AS
SubsidiaryFordre AS
SubsidiaryCausa Nord AS
AmountThe following internal transaction have found place in 2023:
27 593Sale of group services
35 831Purchase of consultancy work
20222023
The balance includes the following amount in
relation to transaction with related parties:
41 03914 664Other short term receivables
53 39688 854Group contribution and dividends from subsidiaries
121 503185 627Other short term debt
Note 2 – Property, plant and equipment
Total
Research and
development
(Amount in NOK 1000)
8 9248 924Acquisition cost 1 January 2023
6 1716 171Additions
--Disposals
15 09515 095Acquisition cost end of period
5 7545 754Accumulated depreciation and write-downs
9 3419 341Carrying amount end of period
2 5132 513Depreciation in current period
20-33%Depreciation rates
Note 3 – Remuneration and salaries
The company has no employees and are therefore not obligated to have regulatory pension.
Auditor:
The company have expensed TNOK 331 000 excl. VAT for auditing services.
Note 4 – Tax
20222023
(Amount in NOK 1000)
This years tax expense
1 699-Payable tax
3 135-2 831Change in deferred tax/tax asset
4 833-2 831Total tax expense
Taxable income
38 054-12 869Profit before tax
-15 921-Permanent differences
-14 411-204Changes in temporary differences
-3 204-Group contributions
4 519-13 073Total taxable income
Payable tax in the balance sheet
-6 546-2 876Payable tax on this years result
7 5402 876Payable tax on Group contributions
994-Total payable tax
Temporary differences
-147-197Tangible assets
14 39414 648Other differences
14 24814 451Total
--13 073Off balance sheet deferred tax assets
14 2481 379Basis for calculating deferred tax/tax assets
3 135303Net tax assets/deferred tax
Total
Other
equity
Share
premium
Share
capital
(Amount in NOK 1000)
94 75349 18744 5661 000Equity 31 December 2022
-10 038-10 038Result for the period
84 71539 14944 5661 000Equity 31 December 2023
Note 5 – Equity
Note 6 – Investments in subsidiaries and associated companies
Subsidiaries are companies over which the Group has control. Control is defined as the power to govern
the financial and operating policies of another entity to obtain benefits from its activities. Subsidiaries are
fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from
the date on which control ceases.
Profit/loss
2023
Equity pr
31.12.23
Voting
share
Owner-
shipOffice
(Amount in NOK 1000)
21 64847 611100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider AS
3489100 %100 %
C.M. Havigs gate 21, 8656
Mosjøen
Causa Nord AS
-301 335100 %100 %
Infanterivegen 16, 3734 Skien
Fordre AS
-128100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Innlandet Teams AS
-236100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Oslo Team AS
-122100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Vestfold Team AS
024100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Sør Teams AS
024100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Bergen Teams AS
-123100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Østfold Teams
030100 %100 %
Karl Johans gate 37, 0162 Oslo
Aider Midt-Norge Teams AS
812213100 %100 %
Lars Hilles gate 30, 5008 Bergen
Aider Bergen AS
2 5034 88390 %90 %
Infanterivegen 16, 3734 Skien
Grasp Labs AS
11 8391 321100 %100 %
Hydroparken 295, 3660 Rjukan
Aider Sørøst AS
448844
Idrettsvegen 103, 5353 Straume
Hydra Regnskap AS
380182100 %100 %
Nygårdsveien 84, 3221
Sandefjord
Rekon AS
3 004183
Melhusvegen 473, 7224 Melhus
Effektiv Bedrift AS
-1 964-862100 %100 %
Keiser Wilhelms gate 34, 6003
Ålesund
Flytsona AS
-266-97100 %100 %
Fredensborgveien 116, 8005
Bodø
Bromar AS
2 2322 869
Holmedalsvegen 6, 6982
Holmedal
Havtal AS
9931 454100 %100 %
Søndre gate 14, 7011 Trondheim
Arcadia Regnskap AS
996166100 %100 %
Skolegata 7, 3611 Kongsberg
TM Regnskap og Økonomi AS
7551 409100 %100 %
Skomværgata 7, 3921 Porsgrunn
Frier Accounting AS
4050100 %100 %
Karl Johans gate 37, 0162 Oslo
Frier Accounting Oslo AS
Profit/loss
2022*
Equity pr
31.12.22*
Voting
share
Owner-
shipOffice
Investment in
associated companies
-2 2311 706100 %23 %
Rådhusgata 15, 3211 Sandefjord
Gripr AS
*The companies financial accounts for 2023 is not finalized.
Note 7 – Bank deposits
The company has no restricted cash.
The company is the holder of the group cash pool.
Note 9 – Pawned assets and guarantees
20222023
(Amount in NOK 1000)
Debt secured by pawn and guarantees
485 606858 451Obligation loan
-34 999Loan from credit institutions
485 606893 450Total
Book value of pawned assets
602 905737 997Investment in subsidiaries
602 905737 997Total
Carrying value
Face Value
Number
outstandingShare capital
1 000 00011 000 000
Ordinary shares
1 000 0001 000 000
Total
The share capital is owned by the following shareholders:
OwnershipNumber of sharesShareholders:
100%1 000 000
Aider Holding AS
100%1 000 000
Total number of shares
Note 8 – Share capital, shareholder information
Nordic Trustee AS had at the end of 2023 lien of MNOK 3 500 on the shares, factoring, as well as
lien in the receivables in the subsidiaries
.
RESPONSABILITY
STATEMENT
RESPONSABILITY STATEMENT
We confirm, to the best of our knowledge, that the financial statements for the
period 1 January to 31 December 2023 have been prepared in accordance with
current applicable accounting standards, and give a true and fair view of the assets,
liabilities, financial position and profit or loss of the entity and the Company taken as
a whole.
We also confirm to the best of our knowledge that the Board of Directors report
includes a true and fair review of the development and performance of
the business and the position of the entity and the Company, together with a
description of the principal risks and uncertainties facing the entity and the
Company.
Oslo, 30.04.2024
Electronically signed______ Electronically signed_____
Andreas Vik Bjørnar Fjeld
Chairman of the board/CEO Board member
Electronically signed______ Electronically signed_____
Knut Grotli Kristian Thaysen
Board member Board member
