Curriculum Vitae
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Doing Business in Norway
Doing Business in Norway 2020 Edition 1 Norway • Hammerfest • Tromsø 5.4 million Population • 119th most populous country on earth Constitutional monarchy Form of government • Constitution day: 17 May • Head of State: King Harald V • Prime Minister: Erna Solberg, conservative • Member of the EEA from 1 January 1994 • Member of the EU: No Oslo Capital of Norway • 5 regions • Highest mountain: Galdhøpiggen 2,469 m. • Largest lake: Mjøsa 365 sq.m. • The distance from Oslo to Hammerfest is as far as from Oslo to Athens Gross domestic product ca. NOK 3300 billion Economy • Trondheim • Currency: Krone (NOK) • GDP per capita: ca. NOK 615,000 • The largest source of income is the extraction and export of subsea oil and natural gas • Bergen Norway • Oslo • Stavanger ISBN2 978-82-93788-00-3 3 Contents 8 I Why invest in Norway 11 II Civil Law 23 III Business Entities 35 IV Acquisition Finance 43 V Real Estate 59 VI Energy 69 VII Employment 83 VIII Tax 103 IX Intellectual Property 113 X Public Procurement 121 XI Dispute Resolution 4 5 Norway is known for nature attractions like fjords, mountains, northern lights and the midnight sun. Because of the Gulf Stream, Norway has a friendlier climate than the latitude indicates, leaving it with ice-free ports all year round. The Gulf Stream is a warm ocean current leading water from the Caribbean north easterly across the Atlantic Ocean, and then follows the Norwegian coast northwards. 6 7 I. Why invest in Norway In spite of being a small nation, Norway is a highly developed and modern country with a very strong, open and buoyant economy. -
Feasibility Study of Submerged Floating Crossing
CIE4061-09 Multidisciplinary Project Feasibility Study of Submerged Floating Crossing SFC Group Daniil Popov Fahad Pervaiz Mazen Alqadi Nauman Raza Sung-Soo Lim 13th June 2018 Multidisciplinary Project Feasibility Study of a Submerged Floating Crossing By Daniil Popov 4771346 Fahad Pervaiz 4767926 Mazen Alqadi 4765478 Nauman Raza 4767918 Sung-Soo Lim 4764633 CIE4061-09 Multidisciplinary Project at Delft University of Technology, to be submitted on Wednesday June 13, 2018. Instructor: Ir. Erik van Berchum Dr. Ir. Dirk Jan Peters Dr. Ir. Xuexue Chen Table of Contents 1 INTRODUCTION ......................................................................................................................... 10 BACKGROUND ............................................................................................................................. 10 E39 FERRY-FREE PROJECT .............................................................................................................. 10 OBJECTIVE ................................................................................................................................. 10 MAIN DEFINITION ........................................................................................................................ 11 SUBMERGED FLOATING CROSSING (SFC) ................................................................................................. 11 FAILURE ............................................................................................................................................. 11 -
DIGITALT SERVICEKONSEPT PLUSSBOLIGER ® -Utvidelse Av Tjenestetilbud- Kort Historikk
DIGITALT SERVICEKONSEPT PLUSSBOLIGER ® -utvidelse av tjenestetilbud- Kort historikk Selvaag har bygget og ferdigstilt nærmere 60 000 rekkehus og leiligheter siden 1948. Selvaag Bolig er et av Norges største boligutviklingsselskap og har over 11000 boliger under utvikling over hele landet. Selskapet fokuserer spesielt på vekstområdene Stor-Oslo, Bergen, Stavanger og Trondheim. Selskapet har også boligprosjekter under utvikling i Stockholm. I 2004 lanserte Selvaag konseptet Plussbolig® (se s.3 for nærmere beskrivelse av konsept). Plussboligene er varemerkeregistrert og det er siden oppstart ferdigstilt 12 boligprosjekter med til sammen nærmere 1500 Plussboliger. Prosjektene er geografisk spredd i Oslo, Stavanger, Bergen, Drammen, Kristiansand, Spania og Stockholm. Gjennomsnittsalder på kjøpstidspunkt er ca 53 år. 55 % av kjøperne er 50+, 15 % 40-50 og ca 30% i aldersgruppen 20-40 år. Vi ser at godt voksne spesielt nyttiggjør seg konseptet og at vi i enkelte prosjekter har høyere snittalder ved kjøp. De første prosjektene ble ferdigstilt i 2006/2007 så gjennomsnittsalderen i prosjektene har økt fra kjøpstidspunktet. Selvaag Bolig har flere Plussboligprosjekter under utvikling: ▪ Stockholm, 230 Plussboliger ferdigstilles 2019/2020 ▪ Asker, ca 200 Plussboliger med salgsstart Q1-19 ▪ Trondheim, ca 600 Plussboliger med salgsstart Q3-19 ▪ Lørenskog, ca 200 Plussboliger under utvikling ▪ Ås/Ski ca 150 Plussboliger under planlegging 2 Hva er en Plussbolig ▪ En Plussbolig er en livsstilbolig. Målgrupper er både godt voksne og yngre mennesker, enslige og par, med og uten barn. Kjøpegruppen er kjøpesterk og kvalitetsbevisste med god økonomi og en aktiv livsstil, felles er at de ønsker en enklere hverdag og har interesse for trygghet, service og opplevelser Bemannet resepsjon ▪ Plusskonseptet har følgende kjennetegn: ▪ Felles serviceområde/oppholdsrom levert ferdig innredet og møblert ▪ Lobby/lounge/resepsjon ▪ Kaffebar med dagens aviser ▪ Selskapsrom med godt utstyrt kjøkken plass til ca. -
Erfaringer Og Utfordringer Ved Modulbygging
Modulbygging med utenlandske leverandører Erfaringer og utfordringer Ole Petter Haugen, Daglig leder, Selvaag Bolig Modulbygg AS Oslo, 16.04.2015 Før og nå Bygger for alle Gullhaughuset 2013 50 000 boliger Pluss: Boliger med service 2012 e Modulbygging 2011 Notert på Oslo Børs 2003 2000 Definr te bol igk ons ept er 1999 Løren Terrassehuset 1988 1958 «Heller 30 000 boliger til Serieproduksjon 15 000 kroner, enn 15 000 1951 boliger til 30 000 kroner.» 1948 Veitvet Olav Selvaag Ekeberghuset Tromsø Selvaag Bolig ASA 155 boliger Tomtebank til 10 300 boliger Satser i Stor-Oslo, Rogaland, Bergen og Trondheim Trondheim 332 boliger Solgte 886 boliger i 2014 Solgte 308 boliger i Q1 2015 Ca. 1/3 av boligene er basert Bergen på moduler 156 boliger Stor Oslo 7 819 boliger Definerte boligkonsepter for Stavanger Stockholm ulike behov 1 662 boliger 103 boliger Industriell filosofi Andre 255 boliger Tomtebank per 31.12.2014 Boliger for alle . Leiligheter i utkanten av de store byene . Enkel standard, solid kvalitet . For ungdom og førstegangsetablerere . Leiligheter, rekkehus og eneboliger i og rundt de store byene . Solid kvalitet, velprøvde løsninger og et gjennomtenkt bomiljø . For familier og samboere . Leiligheter sentralt i de store byene . Høy standard, varierte fellesarealer, vertskap, opplevelser og service . Livsstilsboliger med det lille ekstra for mennesker i alle aldre Verdikjeden i Selvaag Bolig 6 – 36 MND 6 – 12 MND 3 – 9 MND 12 – 24 MND 60 MND Kjøp og klargjøring av Markedsføring Prosjektdesign Bygging Garantiperiode tomter for og salg Boligutvikling utvikling - Regulering Salgsstart Byggestart Overlevering Verdi skaping . Kjøp (i) opsjoner på . Planlegging og . -
Alkali-Aggregate Reactions 162 163
161 Session A7: ALKALI-AGGREGATE REACTIONS 162 163 Alkali release from typical Danish aggregates to potential ASR reactive concrete Hans Chr. Brolin Bent Grelk Thomsen M.Sc, Chief Consultant M.Sc Grelk Consult DTU Civil Engineering [email protected] Brovej, Building 118 DK - 2800 Kgs. Lyngby [email protected] Ricardo Antonio Kurt Kielsgaard Hansen Barbosa Associated professor, Ph.D. Ph.D. DTU Civil Engineering DTU Civil Engineering Brovej, Building 118 Brovej, Building 118 DK - 2800 Kgs. Lyngby DK - 2800 Kgs. Lyngby [email protected] [email protected] ABSTRACT Alkali-silica reaction (ASR) in concrete is a well-known deterioration mechanism affecting the long term durability of Danish concrete structures. Deleterious ASR cracking can be significantly reduced or prevented by limiting the total alkali content of concrete under a certain 3 threshold limit, which in Denmark is recommended to 3 kg/m Na2Oeq.. However, this threshold limit does not account for the possible internal contribution of alkali to the concrete pore solution by release from aggregates or external contributions from varies sources. This study 3 indicates that certain Danish aggregates are capable of releasing more than 0.46 kg/m Na2Oeq. at 13 weeks of exposure in laboratory test which may increase the risk for deleterious cracking due to an increase in alkali content in the concrete. Key words: Alkali-silica reaction, aggregate, alkali content, durability. 1. INTRODUCTION ASR is a complex physical and chemical reaction between water, alkali in the concrete pore solution and reactive silica minerals in aggregates [1]. The reaction demands an alkaline environment which is found inside the concrete where a natural presence of free calcium hydroxide is found. -
Annual Report Selvaag Bolig 2012 Kapittel
Kapittel 2012 1 annual report selvaag bolig 2012 Kapittel Norway’s leading housebuilder selvaag bolig asa is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. bergen the company has several thousand homes oslo under construction at any given time, and focuses on the growth areas in and around stockholm stavanger greater oslo, bergen and stavanger. selvaag bolig represents a continuation of the selvaag group’s 60-year history and experience, and offers a broad variety of property types marketed under the brand names start, Hjem and pluss. selvaag bolig is headquartered at løren in oslo, norway. www.selvaagbolig.no/investor 2 Consolidated FinanCannualial statements report selvaag selvaag bolig Bolig 2012 asa Contents Organisation and board 4 Ceo letter 7 organisation 8 selvaag bolig – the business 12 Corporate governance Financial: group 18 Directors’ report 24 statement of comprehensive income 25 statement of financial position 26 statement of changes in equity 27 statement of cash flows 28 notes Financial: company 60 statement of comprehensive income 61 statement of financial position 63 statement of changes in equity 64 accounting principles 65 notes Auditor’s report 76 auditor’s report 3 Ceo letter Strong year and good prospects selvaag bolig strengthened its position as norway’s leading housebuilder during 2012. it secured a listing on the oslo stock exchange, and exceeded market expectations for profit, housing starts and sales. The company experienced solid and stable housing units on the outskirts of cities in areas demand for homes in its priority areas in and experiencing growth pressures. -
2011 Annual Report
Kapittel 2011 1 Kapittel Norway’s leading housebuilder Selvaag Bolig builds homes which most Bergen Norwegians can afford to buy, and has Oslo several thousand units under development at any given time in and around Oslo, Stockholm Stavanger Stavanger and Bergen, Norway. the company also has projects in Stockholm, Sweden. the company experienced strong growth in 2011, with a sharp increase in turnover as well as in homes sold and under construction. Selvaag Bolig sold a total of 648 homes in 2011, and had more than 1 000 under construction at 31 December. Given the large number of housing starts in 2011, the company can expect a sharp increase in turnover for 2012. 2 aNNual repOrt SelvaaG BOliG 2011 Contents Background 4 Good year, green outlook 10 Continuing a proud tradition Organisation 6 Managers with solid experience 8 Organisation chart 9 Housebuilder from a to Z Housing market 12 Cathrine won housing competition 14 Not over-inflated 16 enough space Market position 18 rigging for growth 20 putting together profitably 22 Here comes your home 24 land bank for 8 800 homes 26 profitable to let others build 28 Green commitment Housing concepts 32 Start: Dream became reality 34 Hjem: a home for the whole family 36 pluss: Simple and comfortable Financial 38 Directors’ report 44 Consolidated financial statements Front cover illustration: lund+Slaatto arkitekter 3 BackgrOuND Good year, green outlook We have a good year behind us at Selvaag Bolig, and a very exciting time ahead. We experienced strong growth in 2011, with a sharp increase in turnover, results and homes sold. -
Scandinavia's Leading Shopping
SCANDINAVIA’S LEADING SHOPPING CENTRE GROUP - Part of the Olav Thon Group 2018 OLAV THON Olav Thon is the CEO and founder of the Olav Thon Group, and has since the 1940s operated a comprehensive business. Today the Olav Thon Group is Norway’s leading operator in the property and hotel business. The Olav Thon Foundation was established in December 2013, and all shares in Olav Thon Gruppen AS were gifted by Olav Thon to the foundation. Thon holds a number of directorships connected to the Olav Thon Group, and is also the Chairman of the Olav Thon Foundation. EvenFoto.no THON EIENDOM NORGES LEDENDE EIENDOMSAKTØR Thon Eiendom is the property division of the Olav Thon Group. The Group’s property business covers approximately 500 properties in Norway and abroad, with a total rental value of approximately NOK 5.5 billion. 67 % of rental revenue is raised from commercial premises, including several of Norway’s largest shopping centres. Thon Eiendom is Norway’s biggest shopping centre operator, with 96 centres stretching from Svalbard in the north to Mandal in the south, as well as 11 centres in Sweden. Of these, 78 are wholly or partially owned shopping centres, and 29 are managed on behalf of external owners. Parts of the shopping centre portfolio are marketed and managed under the same brand name: Amfi. 96 shopping centres in Norway 11 shopping centres in Sweden NOK 67.2 billion store revenues in Norway SEK 13.5 billion store revenues in Sweden 200 million visitors annually 6 000 tenants 9 out Norway’s 10 largest shopping centres 3 Latest -
Q2 2019/Selvaag Bolig ASA Earnings Presentation
14 August 2019/08.30 CET – Q2 2019/Selvaag Bolig ASA earnings presentation Translation from the original Norwegian, which remains the definitive version Corporate participants Rolf Thorsen, CEO, Selvaag Bolig ASA Sverre Molvik, CFO, Selvaag Bolig ASA Presentation Rolf Thorsen, CEO, Selvaag Bolig ASA A hearty welcome to everyone to this presentation of the figures for the second quarter and first half of 2019 for Selvaag Bolig. And a hearty welcome to those who are following us on the web transmission. This meeting is also being streamed directly to those who want to follow us on the web. My name is Rolf Thorsen, and I am the CEO of Selvaag Bolig. This is my first quarterly presentation. I was also present at the previous one, but I wasn’t allowed to do more than say my name on that occasion. This time I’m allowed to say a bit more. I hope I’ll be able to take you through at least some key figures and a little more than that as well. I will be giving this presentation together with Sverre Molvik, who is our CFO. In terms of the agenda, the plan is that I start by going through a few highlights and some sales figures. Sverre will then take over and talk more about operations and the key figures, and go into these in somewhat greater depth. I will then return to talk a little about the market and finally try to sum up. We propose that all questions are taken at the end in a form of Q&A session. -
A Foundation of Road User Charges Contents
Harald M. Hjelle A Foundation of Road User Charges Thesis submitted to The Norwegian University of Science and Technology (NTNU), Faculty of Engineering, Science and Technology, Department of Civil and Transport Engineering for the Dr. Ing. Degree Thesis no. 2003-49 ISBN 82-471-5600-8 URN:NBN:no-3422 URN:NBN:no-3422 A FOUNDATION OF ROAD USER CHARGES CONTENTS CONTENTS CONTENTS..................................................................................................................................... III LIST OF FIGURES....................................................................................................................... VII PREFACE....................................................................................................................................... XV ACKNOWLEDGEMENTS ..................................................................................................................XV BACKGROUND AND MOTIVATION .............................................................................................. XVII OUTLINE XVIII 1 THEORETICAL FOUNDATION OF USER CHARGES ................................................. 1 1.1 THE POINT OF DEPARTURE: ECONOMIC WELFARE THEORY ............................................ 1 1.1.1 Social efficiency........................................................................................................... 1 1.1.2 External effects ............................................................................................................ 2 1.1.3 Pigouvian taxes .......................................................................................................... -
Scandinavia's Leading Shopping
SCANDINAVIA’S LEADING SHOPPING CENTRE GROUP - Part of the Olav Thon Group 2018 OLAV THON Olav Thon is the CEO and founder of the Olav Thon Group, and has since the 1940s operated a comprehensive business. Today the Olav Thon Group is Norway’s leading operator in the property and hotel business. The Olav Thon Foundation was established in December 2013, and all shares in Olav Thon Gruppen AS were gifted by Olav Thon to the foundation. Thon holds a number of directorships connected to the Olav Thon Group, and is also the Chairman of the Olav Thon Foundation. EvenFoto.no THON EIENDOM NORWAY’S LEADING PROPERTY COMPANY Thon Eiendom is the property division of the Olav Thon Group. The Group’s property business covers approximately 500 properties in Norway and abroad, with a total rental value of approximately NOK 5.5 billion. 67 % of rental revenue is raised from commercial premises, including several of Norway’s largest shopping centres. Thon Eiendom is Norway’s biggest shopping centre operator, with 88 centres stretching from Svalbard in the north to Mandal in the south, as well as 11 centres in Sweden. Of these, 78 are wholly or partially owned shopping centres, and 21 are managed on behalf of external owners. Parts of the shopping centre portfolio are marketed and managed under the same brand name: Amfi. 88 shopping centres in Norway 11 shopping centres in Sweden NOK 67.2 billion store revenues in Norway SEK 13.5 billion store revenues in Sweden 200 million visitors annually 5 500 tenants 9 out of Norway’s 10 largest shopping centres -
SEMESTEROPPGAVE Trondheim, April 2018 Spesialiseringsretning: Finansiell Styring Veileder: Hans Marius Eikseth
Dag Blandkjenn Gaute Friestad Thomas Torset Gjerde SEMESTEROPPGAVE Trondheim, april 2018 Spesialiseringsretning: Finansiell Styring Veileder: Hans Marius Eikseth 1 Forord Denne oppgaven inngår i faget «Semesteroppgave i Finansiell Styring» ved Økonomisk Fakultet ved NTNU. Teorier knyttet til finansiell verdsettelse av et børsnotert selskap vil gi oss et grunnlag for å fremlegge en anbefaling til hva vårt valgte selskap bør verdsettes til. Selskapet vi har valgt til denne oppgaven er Selvaag Bolig ASA. Selvaag Bolig ASA bygger videre på 70 år lange boligbyggertradisjoner, og er et boligutviklingsselskap som styrer hele verdikjeden fra tomtekjøp til levering av nøkkelferdige boliger. Fra 1948 og frem til i dag har Selvaag levert 50 000 boliger. I 2008 ble Selvaag Bolig ASA etablert som et rent boligutviklingsselskap som setter ut entrepriser på anbud. Dette hevdes å gi selskapet et konkurransefortrinn gjennom lavere byggekostnader, lavere markedsrisiko og en mer fleksibel organisasjon. I dag har selskapet 87 ansatte, og har et langsiktig mål om å levere 1500 boliger årlig, og utbetale inntil 50 prosent av resultatet i årlig utbytte. Valget av selskap og vår fremgangsmåte har resultert i en omfattende oppgave som har gitt oss god innsikt i bransjen og god læring underveis. Avslutningsvis vil vi takke vår veileder Hans Marius Eikseth for god hjelp underveis i prosessen. Dag Blandkjenn Gaute Friestad Thomas T. Gjerde 2 Sammendrag I denne semesteroppgaven har vår problemstilling vært å verdsette det børsnoterte norske boligutviklerselskapet Selvaag Bolig ASA. Hensikten her har vært ved hjelp av kunnskaper og ferdigheter vi har tilegnet oss de seneste årene, å lage en vurdering av hvorvidt aksjen selges for dyrt, for billig eller til en fornuftig pris.