Annual report 2008 - Comrod

NOTE 29 PURCHASE LIABILITIESThe group has the following commitments resulting from contracts for investments in production plant and machinery(NOK 1 000) 2008 20072007 0 02008 0 1682009 181 146Total 181 314NOTE 30 LIST OF SUBSIDIARIESThe following subsidiaries are included in the consolidated financial statementsMainVotingCompany Country Reg’d office business Stake stakeComrod AS Norway Tau Composite 100% 100%antennas andpower supplyUnmanned systems Norway AS (UMS) Norway Stavanger Unmanned 90.1% 90.1%Aerial vehicleLerc SAS France St. Amand Masts and 100% 100%Les Eaux antennasNorworks Kft Hungary Budapest Composite 100% 100%antennasComrod UK United Southampton Masts and 100% 100%KingdomantennasTransactions with subsidiaries are conducted at arm’s length principlesNOTE 31 EXCHANGE RATESExchange Average Exchangerate Exchange rate01.01.2008 rate 2008 31.12.2008USD 5.4110 5.5533 6.9989EUR 7.9610 8.2226 9.8650GBP 10.8100 10.3935 10.1210HUF - 0.0336 0.0370SEK 83.89 85.03 90.42NOTE 32 EVENTS AFTER THE BALANCE SHEET DATEDnb Nor Bank ASA has subsequent to the balance sheet date approved to extend the limits of the overdraft facilities of ComrodCommunication ASA from NOK 35 million to NOK 55 million.66 Comrod Communication Group Annual report 2008