English version - Hexagon Composites ASA

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE
SA Lerc
Annexe to the Annual Accounts
for the year ending 31.12.2005
All amounts in EUR
SA Lerc
Annexe the Annual Accounts for the year ending 31.12.2005
1 Major events
1.1 Main events during the year
No major events occurred during the financial year.
1.2 Events after the year end
At the meeting of the company's Board of Directors of 30 May 2006, a
resolution was passed for the advance reimbursement of €500,000 to the
current account opened in the name of the parent company, Fidulerc.
1.3 Principles, rules and accounting methods
The annual accounts were drawn up and presented in accordance with the
prevailing French regulations, established by means of decrees issued by
the Committee for Accounting Regulation (CRC).
Regulation CRC 2004-06 of 23/11/2004, relating to the definition, inclusion
in accounts and evaluation of assets and Regulation CRC 2002-10 of
12/12/2002, relating to the amortisation and depreciation of assets, were
introduced for this financial year.
These reforms were applied in the following manner:
Use of the method of reallocating net accounting values,
Differentiation of the amortised "Buildings" item:
For the structure, 40 years, straight line,
For the components, 20 years, straight line.
Review of the amortisation plan for equipment and tools not amortised at
the start of the year, based on the actual duration of use.
Inclusion in the accounts, as accelerated amortisation, of the differential
between amortisation calculated on the duration of usage previously
employed and the estimated working life.
The consequences for the profit and loss account take the form of a transfer between
the operating expenses and extraordinary expenses for the amount of the
contribution to accelerated amortisation, namely €64,000.
139