Annual report 2015

NOTE 33
DISCONTINUED OPERATIONS
     
In January 2016, Ferd AS sold the business TeleComputing to Investeringsfondet IK Investment Partners. The sale was finalised in March 2016. The assets and liabilities being part of the transaction are presented as held for sale in the consolidated financial statements as at 31 December 2015. The income statement items from the sold business are presented net on a separate line in the consolidated financial statements for 2015 and 2014. Cash flows are correspondingly restated for 2015.
     
     
The income statement for TeleComputing classified as held for sale as at 31 December 2015
NOK 1 000
2015
2014
     
Sales income
1 462 379
1 274 893
Operating income
1 462 379
1 274 893
     
Cost of goods sold
391 046
304 878
Salary expenses
633 250
566 452
Depreciation and write-downs
105 427
104 930
Other operating expenses
185 422
180 031
Operating expenses
1 315 146
1 156 291
     
Operating profit
147 233
118 602
     
Income on investments accounted for by the equity method
- 20
 
Finance income
53 861
46 243
Finance expense
- 58 809
- 54 803
Net finance items
- 4 968
- 8 560
Profit before tax
142 265
110 042
Tax expense
41 123
26 436
     
Profit after tax from discontinued operations
101 142
83 606
     
Assets and liability for TeleComputing classified as held for sale as at 31 December 2015
     
Intangible assets
 
771 716
Deferred tax assets
 
5 173
Tangible assets
 
174 850
Other financial non-current assets
 
73
Total non-current assets
 
951 811
     
Short-term receivables
 
211 733
Bank deposits
 
- 68 291
Total current receivables
 
143 442
Total assets classified as held for sale
 
1 095 253
     
Non-current liabilities
   
Pension obligations
 
333
Deferred tax
 
56 376
Total non-current liabilities
 
56 710
     
Current liabilities
   
Tax payable
 
33 582
Other current liabilities
 
381 324
Total current liabilities
 
414 905
Total liabilities classified as held for sale
 
471 615
     
Cash flows from business held for sale
2015
2014
Net cash flows from operations
248 810
204 833
Net cash flows used in investment activities
-93 189
-105 701
Net cash flows used in finance activities
-109 403
-124 970
Net cash flows from/-used in business held for sale
46 218
-25 838

Strandveien 50
1324 Lysaker

Postbox 34
Google maps

Phone 67 10 80 00
Fax 67 10 80 01

© Copyright 2016 Ferd. All rights Reserved | Personvern

Design and development by Design Container AS | CMS by Snapper Net Solutions AS