Page 78 - Sector Alarm Annual Report 2020

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Note 17 / Financial income and financial expenses
Amounts in TNOK
Interest income
Other financial income
Interest expense
Other financial costs
Foreign exchange gain
Foreign exchange loss
Financial income from group companies
Financial expenses from group companies
Income from investments in subsidiaries
Net finance costs
Note 18 / Merger, aquisitions and divestments
2020 2019 487 735 932 -121 869 -15 744 1 575 -72 008 98 725 -115 100 620 727 603
6 234
0
-199 504
-40 512
94 666
-463 671
74 722
-84 326
1 410 499
798 108
Effective 01.01.2020 Sector Alarm Holding As merged with fully
and Sector Alarm Sverige AS. The transaction has been booked
Holding. Tax positions in the merged companies are transferred
Alarm AB where sold to Sector Alarm Europe AB subsequent of
Sector Alarm Holding AS and was financed with a loan from Sector Alarm Holding AS to Sector Alarm Europe AB.
Amounts in TNOK
Sales price shares in Sector Alarm AB Book value of shares in Sector Alarm AB Gain on sale of shares
2020
owned subsidiaries Sector Alarm Group Holding AS, Sector Alarm Group AS using continuity method as all where controlled and owned by Sector Alarm
in their entirety to Sector Alarm Holding AS. 100% of the shares in Sector the merger. The transaction resulted in recognition of a MNOK 1 002 gain in
3 920 986
2 918 633
1 002 353
Note 19 / Events following the balance sheet date
There are no known events after the balance sheet date that would have significant effect of the financial effect for 2020.