Page 77 - Sector Alarm Annual Report 2020

Note 15 / Related party transactions
The Company is controlled by Isanor Invest AS (registered in Norway), which directly and indirectly owns 63.04% of the Company’s shares.
The shares in Isanor Invest AS are owned by Jørgen Dahl (CEO).
The Company has been involved in transactions with the following related parties: Amounts in TNOK
a) Purchase of goods and services
Attorney services
2020
3 403
2019
8 728
Sector Alarm / Annual Report 2020
Goods and services are purchased from companies where related persons have ownership interests. Prices are determined on market terms. The Company purchases legal services from the law firm Wiersholm AS, where the shareholder Nicolas Brune-Lie was one of the partners until January 2019.
The Company has had the following transactions with Group companies:
Sale of HR-services
Sale of management services
Interest income
Interest costs
b) Remuneration to senior executives
See note 8
c) Loans from related parties
No loans have been granted to senior executives or board members.
Note 16 / Revenues Amounts in TNOK
Income specified by business area
HR services
Management fee
Total
Geographical breakdown of income
Norway
Sweden
Ireland
France
Spain
Finland
Total
2020
2019
24 169 142 235 98 725 -115
24 794
103 268
74 722
-84 326
2020
2020
2019
24 169 142 235 166 405
2019
166 405 0 0 0 0 0 166 405
24 794
103 268
128 062
36 662
44 072
23 290
5 116
9 092
9 830
128 062