English version - Hexagon Composites ASA

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE
(in NOK 1000) 2006 2006 2006 2006 2006 2006 2006
30.sep 30.sep 30.sep 30.sep 30.sep 30.sep 30.sep
Proforma
adjustment
Eliminations
Comrod
Proforma
Demerger, Comrod Fidulerc/
IFRS
Communication
ASA
Note –13 - 16
adjustments
effective AS Lerc
Proforma
2007
Note 7 - 12
Note 17
EQUITY AND
LIABILITIES
Equity
Share capital 1 000 12 704 1 500 3 069 -4 569 3 235 16 939
Other paid-in capital 27 805 4 996 -4 996 52 432 80 237
Other reserves 678 0 678
Other equity 4 467 43 655 -64 317 -16 195
Total equity 1 000 40 509 11 641 46 725 -73 882 55 667 81 659
Liabilities
Non-current liabilities
Pension obligations 0 6 884 3 052 0 9 936
Deferred tax 0 679 679
Other long-term debt 0 153 841 978 1 779 -54 675 101 922
Total non-current liabilities 0 0 160 725 4 030 2 458 -54 675 112 537
Current liabilities
Liabilities to financial
institutions 0 3 879 3 879
Accounts payable 0 5 437 10 528 0 15 965
Public duties payable 0 2 205 3 577 0 5 782
Current liabilities to
Hexagon-group 0 25 366 0 -25 366 0
Other current liabilities 0 5 924 12 803 0 18 727
Total current liabilities 0 0 38 932 30 788 0 -25 366 44 354
Total liabilities 0 0 199 656 34 818 2 458 -80 041 156 891
Total equity and liabilities 1 000 40 509 211 297 81 543 -71 424 -24 374 238 550
Pro forma adjustment comments:
7. “Goodwill”: TNOK 29,793 preliminary estimate of goodwill in connection with the acquisition of
Fidulerc SA/Lerc SA and adjustment regarding acquisition Power.
8. “Other intangible assets”: TNOK 11,533 preliminary estimate of other intangible assets in
connection with the acquisition of Fidulerc SA/Lerc SA.
9. “Tangible fixed assets”: TNOK 11,008 (3,790 + 7,218) is the difference between fair value and
book value in connection with the acquisition of Fidulerc SA/Lerc SA.
10. “Investments in subsidiaries”: TNOK 121,302 is the book value of the shares in Comrod AS and
Fidulerc SA.
11. “Other long term debt”: TNOK 1,779 is change in currency related to long term debt designated
for hedging in net investment foreign subsidiary.
12. “Taxes”: TNOK - 3,135 (- 2,456 – 679) is related to the above mentioned eliminations. 2,456 are
reclassified from Deferred tax assets to Deferred tax. Net Deferred tax 30.9.2006 is 679.
13. “Other long term debt”: TNOK – 54,675 (-55,667 + 100,000 – 99,008). -55,667 is assumed
increase in share capital and other paid in capital related to debt conversion to bring Hexagon
79