Torp Computing Group ASA

Torp Computing Group ASA
Note 10 Intercompany balances with group companies, associates and joint ventures
(Amounts in NOK 1000)
TCG
2006 TCG Itegra MPX 1)
MPX AB TCG Kapital 2)
TD
Receivables 21 416 39 037 0 0 0 3 794
Liabilities 0 -11 013 -49 469 -3 767 0 0
Total 21 416 28 024 -49 469 -3 767 0 3 794
2005 TCG Itegra MPX 1)
MPX AB TCG Kapital 2)
Receivables 19 102 5 315 831
Liabilities -14 164 -7 995 -3 089
Total 19 102 -8 849 -7 995 -3 089 831
1) MPX.no AS previous Web Distribusjon AS
2) TCG Kapital AS previous Express Consumer Electronics AS
Notes to the accounts for 2006
Note 11 Receivables and liabilities
(Amounts in NOK 1000)
TCG TCG Group
2006 2005 2006 2005
Liabilities secured by mortgage 0 0 158 492 73 653
Book value of pledged assets:
Property, plant and equipment 0 0 9 262 6 867
Trade receivables 0 7 096 209 139 160 797
Inventory 0 0 138 296 78 470
Total 0 7 096 356 697 246 134
The group has an agreement concerning confidential factoring which gives a credit limit up to MNOK 200 depending on the size of inventory
and trade receivables. In addition the group has an overdraft limit of MNOK 40.
Note 12 Inventories
(Amounts in NOK 1000)
TCG TCG Group
2006 2005 2006 2005
Inventory of commercial goods 0 0 138 296 78 470
Write down due to obsoleteness is: 1 705 1 210
Note 13 Restricted bank deposits, overdraft facilities etc.
(Amounts in NOK 1000)
Translated into English for information purposes only
Restricted bank deposits TCG TCG Group
Tax deducted from employees, deposited in a seperate bank account 469 2 218
The group has a cash pool arrangement. This means that the subsidiaries cash balance formally are seen as receivable toward the parent
company, and that all companies in the group are solitary responsible for the deposit the group has made.
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