Page 49 - Sector Alarm Annual Report 2020

Sector Alarm / Annual Report 2020
Amounts in TNOK
Up to 60 days
More than 60 days
Total overdue trade receivables
Carrying amount of overdue trade receivables
Movement in bad debt allowance:
Balance at 1 January
Net remeasurement of loss allowance
Amounts written off
Balance at 31 December
Write down and reversal of write down on trade receivables are included in other operating costs.
2020
2019
36 117 20 528 56 645 42 572
2019
-12 498 -5 030 3 454 -14 073
23 618
25 452
49 070
29 932
2020
-14 690
-13 501
9 052
-19 139
The maximum exposure to credit risk at time of reporting is the fair value of each class of trade receivables stated above. Receivables consist of a large number of receivables from individual customers with no credit rating. The company uses external partners to recover the receivables and there are, historically, low levels of losses on receivables. All new customers undergo a credit check before installation.
Note 9 / Cash and cash equivalents
In the cash flow statement, cash and cash equivalents encompasses the following:
Amounts in TNOK
Cash and cash equivalents
Of which restricted funds (tax withholding account):
Note 10 / Share capital and share premium
2020
Treasury Share shares premium
0 589 872
0 0
0 0
0 0
0 589 872
2019
270 298 11 068
Total
591 477
0
0
0
591 477
610 563
11 556
Amounts in TNOK
Balance at 1 January 2020
Capital increase
Treasury shares acquired
Treasury shares cancelled
Balance at 31 December 2020
Number of shares (000)
4 863
0
0
0
4 863
Share capital
1 605
0
0
0
1 605
In 2019, 126,312 shares from SAMIP AS were repurchased and all own shares deleted. The sale and purchase of own shares in Sector Alarm Holding AS takes place at market prices.
See note 18 for list of the Company’s shareholders.