Page 58 - Sector Alarm Annual Report 2020

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Note 20 / Related parties
Sector Alarm Holding AS is controlled by Isanor Invest AS (registered in Norway) which owns 63,04% of the Company’s shares directly or indirectly. The shares in Isanor Invest AS are owned by Jørgen Dahl (CEO).
The Group has been involved in transactions with the following associated parties:
Amounts in TNOK
a) Sales of products and services
There have been no sales of products or services to associated parties in 2019 or 2020. Employees are offered alarm subscriptions at discounted rates.
b) Purchases of products and services
2020 2019
From related parties (legal services) 4 137 8 728
Legal services are purchased from companies in which associated persons have ownership interests. The prices are set at market rates. The company purchases legal services from Advokatfirmaet Wiersholm AS, in which the Chairman of the Board of Sector Alarm TopCo AS, Nicolas Brun-Lie, was one of the partners until january 2019.
c) Loans from associated parties
Isanor Invest AS
2020 2019 5 568
0
808
Sector SPV AS 0
No other loans were provided by shareholders or their companies in 2019 or 2020.
d) Interests on loans from associated parties
Isanor Invest AS
e) Loans to senior employees
No loans have been given to senior employees or Board members.
2020 2019 39 93