Annual report 2008 - Comrod

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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
TAU, 31.12.2008/24.03.2009The Board of Comrod Communication ASAErik Espeset Randi Elin Hognestad Frode SvaboeChairman of the Board Vice chairman of the Board Member of the BoardMerete Alnes Mostue Tore J. Fjell Kristin Krohn DevoldMember of the Board Member of the Board Member of the BoardNiklas HermanssonGroup President & CEOComrod Communication Group Annual report 2008 67
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STRATEGIES AND VALUESComrod Communi
Page 8 and 9:
MESSAGE FROM PRESIDENTFurther growt
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10 Comrod Communication Group Annua
Page 12 and 13:
our number one position worldwide.-
Page 15 and 16: The Masts business area is one of t
Page 17: 1989LERC won a majorprogram to the
Page 20 and 21: MARKETS AND OUTLOOKOur products are
Page 22 and 23: 22 Comrod Communication Group Annua
Page 24 and 25: “Understanding theApplications is
Page 26 and 27: 2008 ANNUAL REPORTThe Comrod Commun
Page 28 and 29: the compact power supply currently
Page 30 and 31: the balance sheet date Comrod Commu
Page 32 and 33: BALANCE SHEET, CONSOLIDATED31 Decem
Page 34 and 35: STATEMENT OF CHANGES IN SHAREHOLDER
Page 36 and 37: Work in progress is classified as p
Page 38 and 39: in the future can be used or sold;b
Page 40 and 41: ventures, where the timing of the r
Page 42 and 43: will affect the balance sheet value
Page 44 and 45: NOTE 5 CHANGES IN GROUP STRUCTURE20
Page 46 and 47: CONT. NOTE 8 INCOME TAX(NOK 1 000)
Page 48 and 49: NOTE 10 PAYROLL AND NUMBER OF EMPLO
Page 50 and 51: CONT. NOTE 12 INTANGIBLE ASSETSGood
Page 52 and 53: NOTE 17 CASH AND CASH EQUIVALENTS(N
Page 54 and 55: NOTE 19 EQUITYOtherShare Share paid
Page 56 and 57: CONT. NOTE 20 PENSION OBLIGATIONS(N
Page 58 and 59: CONT. NOTE 23 SHORT-TERM LOANS AND
Page 60 and 61: CONT. NOTE 26 FINANCIAL INSTRUMENTS
Page 62 and 63: CONT. NOTE 26 FINANCIAL INSTRUMENTS
Page 64 and 65: CONT. NOTE 27 SHARE BASED PAYMENT P
Page 68 and 69: INCOME STATEMENT, PARENT COMPANYCom
Page 70 and 71: CASH FLOW STATEMENT, PARENT COMPANY
Page 72 and 73: Tax-increasing and tax-reducing tem
Page 74 and 75: NOTE 6 SHARE CAPITAL AND SHAREHOLDE
Page 76 and 77: CONT. NOTE 8 TAX(NOK) Tax expence o
Page 78 and 79: CONT. NOTE 10 NON-CURRENT LIABILITI
Page 82 and 83: GROUP MANAGEMENTNIKLAS HERMANSSONPr
Page 84 and 85: CORPORATE GOVERNANCEThe corporate g
Page 88 and 89: SHARES AND SHAREHOLDERSComrod Commu
Page 90 and 91: INTERNAL AND EXTERNAL ENVIRONMENTTh
Page 92 and 93: CONTACT INFORMATIONCOMROD COMMUNICA
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Annual report 2008 - Comrod

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