Page 38 - Lime Petrolium Annual Report 2020

LIME PETROLEUM
Note 17 Other current liabilities
(Amounts in TNOK)
Public duties payable
Salary and vacation payable
Working capital and undercall, joint venture Short-term leasing debt
Other accruals for incurred costs
Total
Note 18 Related party disclosure
2020
2019
1 509
1 270
1 346
1 262
7 751
18 795
1 370
1 370
301
264
12 277
22 961
(Amounts in TNOK)
a) Purchases from related parties Purchase of services from
Rex International Holding Ltd (1) Inoil AS (4)
Rex Technology Management Ltd (5)
Description of services
Consulting services Consulting services
Rex Virtual Drilling analysis
(1) Rex International Holding Ltd owns 100 % of the shares in Rex International Investments Pte. Ltd which owns 90 % of the shares in Lime Petroleum AS..
(2) A company controlled by Terje Hagevang, former CEO in Lime Petroleum AS. The amount for 2019 includes purchases of TNOK 1 651 invoiced directly to related parties (see b). .
(3) Rex Technology Management Ltd is owned 100 % by Rex International Investments Pte. Ltd..
b) Sales to related parties
Sales of consulting services to (see also note 5 Payroll)
Group companies under control of Rex International Holding Ltd. Trace Atlantic Oil Ltd (6)
(4) A company jointly controlled by Karl Lidgren, Hans Lidgren and Svein Helge Kjellesvik who has significant influence over Rex International Holding Ltd through their shareholding.
2 114
16 113
2 357
3 949
18 045
2020
2019
2 183
3 967
184
PAGE 38
2020
2019