Page 35 - Lime Petrolium Annual Report 2020

ANNUAL REPORT 2020
Shareholders as of 31 December 2020
Schroder & Co Banque SA
Rex International Investments Pte. Ltd
Total number of shares
Shares
13 032 000 117 288 000
130 320 000
Ownership
10,0 % 90,0 %
100,0 %
Rex International Investments Pte. Ltd is a wholly owned subsidiary of Rex International Holding Ltd. Board member Svein Helge Kjellesvik is a shareholder in Rex International Holding Ltd.
Note 15 Interest-bearing loans and borrowings
2020
2019
155 000
140 000
-1 100
-1 050
30 820
10 089
184 720
149 039
(Amounts in TNOK)
Credit facility, nominal amount drawn
Credit facility; Capitalised arrangement fee (subject to amortisation) Shareholder loan (*) incl. capitalized interest, nominal amount drawn in NOK
Carrying amount
Credit facility
Presentation in balance
Current Current Current
The Company has a Revolving Exploration Financing Facility agreement of NOK 350 000 000 with Skandinaviska Enskilda Banken AB (SEB). The facility runs until December 2021, but the debt as at 31 December 2020 shall be repaid in December next year following receipt of tax refund (ref note 8). The debt is therefore classified as current liability. The agreed interest rate is three month NIBOR + 2.0 %.
Assets pledged as security
The credit facility mentioned above is for the lender secured by a first priority assignment of the tax refunds, first priority charge over the bank accounts, and a first priority assignment of insurances.
Guarantee
Rex International Investments Pte. Ltd has provided a parent company guarantee to the Ministry of Petroleum and Energy on basis of the Norwegian Petroleum Act sec. 10-7.
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