Page 70 - Sector Alarm Annual Report 2020

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Subsidiaries
Subsidiaries are assessed according to the cost method in the financial statement. The investment is valued at the acquisition cost of the shares unless an impairment has occured. Group contributions to subsidiaries, less tax deductions, are recognized as an increased cost price for the shares. Dividends / group contributions are recognized in the same year as they are allocated in the subsidiary. When dividends / group contributions significantly exceed the share of retained earnings after the acquisition, the excess part is considered repayment of invested capital, and the value of the investment is deducted from the balance sheet.
Note 1 / Fixed assets Amounts in TNOK
Expected lifetime
Computer equipment 3 years
Fixtures Total
Acquisition cost 01.01 0
Additions 9 815
5 years
10 122
4 955
10 122
14 770
Disposals
Acquisition cost 31.12
Accumulated depreciations 01.01
Depreciation and impairment for the year
Depreciations on disposals
Accumulated depreciations 31.12
Net book value 01.01
Net book value 31.12
The year’s depreciation
Impairment for the year
Leasing
This year's rental / leasing costs machines
This year’s rental costs for premises
0 0 0
9 815 15 077
0 -5 189
-2 362 -1 968
24 892
-5 189
-4 330
0 0 0
-2 362 -7 156
0 4 933
7 452 7 921
-2 362 -1 968
0 0
115
3 974
-9 519
4 933
15 373
-4 330
0
115
3 974