Torp Computing Group ASA
Torp Computing Group ASA
Torp Computing Group ASA
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<strong>Torp</strong> <strong>Computing</strong> <strong>Group</strong> <strong>ASA</strong><br />
Note 7 Substantial lease agreement<br />
(Amounts in NOK 1000)<br />
Building Location Annual rent Termination date<br />
Østre Kullerød 5 Sandefjord 1 403<br />
31.12.12<br />
Billingstad Asker 180<br />
01.10.07<br />
Gneisveien 10 og 12 Sandefjord 2 000<br />
31.12.07<br />
Firmahytte Gaustablikk 130<br />
Running<br />
Note 8 Subsidiaries, associated companies, and joint ventures<br />
(Amounts in NOK 1000)<br />
Notes to the accounts for 2006<br />
Purchase date Location Ownership %<br />
Voting<br />
rights<br />
Itegra AS 2001 Sandefjord 100 % 100 %<br />
MPX.no AS (prev. Web Distribusjon AS) 2002 Sandefjord 100 % 100 %<br />
TCG Kapital AS 2005 Sandefjord 100 % 100 %<br />
Micro Parts Express Sweden AB 2002 Strømstad 100 % 100 %<br />
<strong>Torp</strong> Distribusjon AS 2000 Sandefjord 50 % 50 %<br />
Investments in subsidiaries, associated companies, and joint ventures are booked according to the cost method.<br />
<strong>Torp</strong> Distribusjon AS is consolidated into the group accounts because TCG has controlling interest due to the fact that<br />
TCG has the chairman of the board.<br />
Investments according to the cost method (parent company)<br />
Selskapets navn<br />
Share<br />
capital<br />
Number of<br />
shares<br />
Net booked<br />
value<br />
Equity<br />
Ordinary<br />
result 2006<br />
Itegra AS 15 000 15,00 15 010 41 305 9 217<br />
MPX.no AS 1 500 1,50 10 794 17 502 13 860<br />
<strong>Torp</strong> Distribusjon AS 100 0,05 55 492 214<br />
TCG Kapital AS 500 5,00 610 569 -42<br />
Micro Parts Express Sweden AB 273 3,00 0 -3 217 63<br />
26 469 56 651 23 311<br />
Investment in subsidiary Micro Parts Express AS is written down to NOK 1,-.<br />
Note 9 Financial market risk<br />
The group are not using any financial instruments in connection with controlling financial risk.<br />
Interest risk<br />
Interest risk arises on short term and medium term view as a result that part of the groups liability has non-fixed rate of interest.<br />
Foreign exchange risk<br />
Development in exchange rates implies direct and indirect an economic risk for the group. The group has not committed any agreement to<br />
reduce this risk, but the group hedge foreign exchange by buying the foreign exchange at the same time as the order of purchase of goods<br />
and use this money to pay within the due date.<br />
Raw material price risk<br />
The group has not identified any risk regarding raw material price<br />
Translated into English for information purposes only<br />
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