Annual Report 2010 - Scana Industrier ASA

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64Annual Report 2010 Scana Industrier ASAMachinery,BuildingsTangible fixed assets 31.12.09 equipment etc. and property Land TotalAcquisition costAccumulated 01.01 1 025 876 322 268 35 584 1 383 728Additions 109 474 24 520 4 043 138 037Additions from acquisition of business 3 271 582 0 3 853Translation differences -75 944 -21 952 -1 763 -99 659Disposals -27 134 -356 0 -27 490Accumulated 31.12 1 035 543 325 062 37 864 1 398 469DepreciationAccumulated 01.01 566 260 121 093 424 687 777Depreciation and write-downs for the year 47 141 8 133 126 55 400Translation differences -35 323 -8 538 -40 -43 901Disposals -22 748 -351 0 -23 099Accumulated 31.12 555 330 120 337 510 676 177Book value 31.12 480 213 204 725 37 354 722 292Depreciation period in no. of years 5 - 40 40 - 50The straight-line depreciation method has been used.Depreciation period, machinery, equipment etc.:5-10 years for office equipment, tools, vehicles and forklift trucks15-20 years for laboratory and test equipment, as well as small production equipment20-40 years for larger production machinery, electrical installations and transformersImpairment tests have been carried out on tangible fixed assets in individual companies. The impairment tests show that the present value offuture cash flows is higher than the recognised value of the assets.Tangible fixed assets are pledged to the group’s main bankers whereby there are restrictions ondisposals. This does not apply to the subsidiary Scana Leshan Machinery Co Ltd, Scana Offshore Services Inc. and Scana Zamech sp.zo.o.Book value of pledged assets is NOK 633.3 million as of 31 December 2010.Financial leasing of machines to NOK 33 million is included in tangible fixed assets as of 31 December 2010.Note 10. Staff costsStaff costs: 2010 2009Salary expenses 453 862 452 755Employer’s NI contributions 100 285 104 979Pension costs 20 777 32 122Insurance 7 723 8 529Share option programme 2 027 3 724Other staffing costs 16 725 14 428Total salary expenses 601 399 616 537Average no. of FTEsNorway 536 577Sweden 470 535China 716 754Poland 60 60Other 32 16Total average no. of FTEs 1 814 1 942
65Remuneration to key personnel (group management):Other natural PremiumName Position Salary Bonus payments deposits Fees Totalt2010Frode Alhaug Chairman of the board 1 224 1 224Rolf Roverud CEO 3 431 475 272 55 4 233Per Ravnestad Group director 1 462 1 462Jan Henry Melhus Group director 1 519 137 54 1 710Christian Rugland Group director 1 327 150 6 55 1 538Annual Report 2010 Scana Industrier ASATotal remuneration to key personnel 2010 6 277 625 415 164 2 686 10 1672009Frode Alhaug Chairman of the board 1 055 1 055Rolf Roverud CEO 3 272 400 173 49 3 894Per Ravnestad Group director 1 419 1 419Jan Henry Melhus Group director 511 46 17 574Christian Rugland Group director 1 292 123 6 51 1 471Total remuneration to key personnel 2009 5 075 523 225 117 2 474 8 413Frode Alhaug has, in addition to his position as Chairman of the Board, carried out work on behalf of the board. He was hired from his owncompany. Per Ravnestad is engaged from his own company and receives a fee.The pension scheme for senior employees is a defined-contribution plan. Salaries include pension disbursements to Rolf Roverud, Jan HenryMelhus and Christian Rugland.The period of notice for key personnel is from 3-6 months. Termination payment agreements have been entered into by the group chiefexecutives, which provide for a salary to be paid out for 12 months. Any salaries that are received from other work during the period in whichtermination payments are made shall be deducted from the termination payment.A bonus scheme is in operation for the managing directors of the group’s subsidiaries and the group management. This is linked to profit andcapital. A profit sharing model was introduced in 2005 for all employees in operational units in Norway and Sweden.Board fees:Fees totalling NOK 1 100 000 were paid to the Board in Scana Industrier ASA. Fees are listed below.Frode Alhaug Chairman of the Board 300 000Mari Skjærstad Board member 200 000Kristin Malonæs Board member 200 000Bjørn Dahle Board member 200 000John Aril Ertvaag Board member 200 000
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3 THE SCANA GROUP4 Objectives and m
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4Annual Report 2010 Scana Industrie
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Historical highlights1652Scana’s
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11Annual Report 2010 Scana Industri
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Page 21 and 22: Managing director: Sten IsraelssonS
Page 25 and 26: 25The product area Scana Propulsion
Page 49 and 50: 49Scana GROUP Cash flow STATEMENT(N
Page 51 and 52: 51notes group 2010Note 1. Group acc
Page 53 and 54: 53Acquisition cost for tangible fix
Page 55 and 56: 55Where the group expects some or a
Page 61 and 62: 61Tax included in the total result:
Page 63: 63Scana Offshore Vestby Scana Offsh
Page 67 and 68: 67Share option programmedecided in
Page 73 and 74: 73Note 20. Leasing obligationsOpera
Page 75 and 76: 75In 2010, Scana was affected by ca
Page 77 and 78: 77The table below shows the effects
Page 79: 79The table below shows the valuati
Page 100: Scana Industrier ASAStrandkaien 2,
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Annual Report 2010 - Scana Industrier ASA

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