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Registration Document
Bonheur ASA, prospectus of 30 September 2014 Registration Document Prospectus Bonheur ASA Registration Document Oslo, 30 September 2014 Joint Lead Managers: 1 of 32 Bonheur ASA, prospectus of 30 September 2014 Registration Document Important information Investments by Bonheur ASA are largely carried out jointly with Ganger Rolf ASA. In case of Ganger Rolf ASA acting as guarantor for the debt issued by Bonheur ASA, information about the guarantor will be provided in the Prospectus in accordance with Annex VI of the commission regulation no 809/2004 of the European Parliament and of the Council. In general, the information provided in the Prospectus is valid for both Bonheur ASA and Ganger Rolf ASA, if not otherwise stated. The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's and Guarantor’s (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Joint Lead Managers, available at their respective websites (www.dnb.no and www.swedbank.no). The Joint Lead Managers and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. -
The Survival of Family Dynasties Rtf[1]
Trygve Gulbrandsen, Institute for Social Research/University of Oslo and Even Lange, University of Oslo/Institute for Social research The survival of family dynasties within shipping The paper presents and discusses some preliminary results from the early stage of our research project on family ownership in the Norwegian shipping sector This is a first draft – please do not quote Paper for the Twelfth annual conference of the European Business History Association, Bergen, Norway, 21-23 August 2008: “Transactions and interactions - the flow of goods, services, and information" 1 1. Introduction In the shipping industry family firms still play a prominent role. Some of these family firms have been owned by the same family for three or more generations. They have developed into what we may call family dynasties. Why and how have these family dynasties been able to survive for several generations and continue to be significant players in the shipping sector? In this paper we will address this question through a study of family businesses in the shipping industry of Norway. The shipping industry has been characterized by large investments and considerable financial risk, as well as pervasive changes in technology and markets over the last 150 years. As a result significant changes have occurred in the structure of enterprises and ownership within the industry. In spite of these changes some of the most prominent shipping firms have been able to continue with the same owner family at the helm for several generations. In fact, the family dynasties in the shipping industry seem to contradict some of the main assumptions in previous research about the preconditions of family business survival. -
Prospectus of 17 March 2010
Bonheur ASA, prospectus of 17 March 2010 Registration Document Prospectus Bonheur ASA Registration Document Oslo, 17 March 2010 Arranger: 1 of 37 Bonheur ASA, prospectus of 17 March 2010 Registration Document TABLE OF CONTENTS: 1 Risk factors ....................................................................................................................4 2 Definitions......................................................................................................................5 3 Persons responsible .........................................................................................................7 4 Statutory Auditors ...........................................................................................................8 5 Information about the issuer and the guarantor ...................................................................9 6 Business overview .........................................................................................................10 7 Organizational structure .................................................................................................19 8 Trend information..........................................................................................................20 9 Administrative, management and supervisory bodies ..........................................................22 10 Major shareholders ......................................................................................................25 11 Financial information concerning the issuer's assets and liabilities, -
Eierskap Blant Norges Største Bedrifter
Eierskap blant Norges største bedrifter En kartlegging av eierskap blant Norges største bedrifter: 2000-2015 Paal Bjarnoll Masteroppgave i historie Institutt for arkeologi, historie, kultur- og religionsvitenskap Universitet i Bergen Våren 2017 Abstract A study of Ownership among Norway’s 50 Biggest Companies 2000-2015 The topic of this master thesis is ownership among Norway’s 50 biggest companies for the years: 2000, 2005, 2010 and 2015. The main goal of this research is to map the distribution between different kinds of ownership: state ownership, private ownership (Norwegian), foreign ownership (FDI) and joint ventures. To do so, the equity and stockholder information has been researched for the companies that includes in the study. The results shows that the state enterprises has increased their position from 2000 to 2005. A position that was more or less stable throughout 2010 and 2015. Private ownership has increased throughout the research-period, except for 2005, which marks the highest year for FDI. FDI had a bigger impact among the top 50 companies from 2000 to 2005, but the development after this has shown a decrease. Joint ventures had a presence among the biggest companies in 2000, with six companies. After this, it has had few or none companies represented on the list. 1 Forord Først og fremst vil jeg takke mine to veiledere, Camilla Brautaset og Harm Schrøter. Deres hjelp har virkelig vært uvurderlig. I tillegg vil jeg takke samtlige på masterseminaret På tvers av grenser, for kommentarer og råd underveis. Sist men ikke minst, vil jeg takke alle mine medstudenter som har vært med å skape et fantastisk studiemiljø i 3. -
Annual Report 2018 2
Annual Report 2018 2 * This Annual Report index is clickable. Key figures 3 Bonheur ASA – Overview 4 Director’s Report 2018 6 Bonheur ASA – Consolidated Accounts 14 Bonheur ASA -NGAAP accounts 77 Consolidated Income Statement 14 Income Statement (NGAAP) 77 Consolidated Statement of Comprehensive Income 15 Balance Sheet (NGAAP) 78 Consolidated Statement of Financial Position 16 Cash Flow Statement (NGAAP) 79 Statement of Changes in Equity 18 General information and summary of significant Consolidated Cash Flow Statement 19 Accounting Principles 80 Notes to the Consolidated Financial Statements 20 Notes 81 Note 1 – Principal accounting policies and key 20 Note 1 – Personnel expenses, professional 81 accounting estimates fees Note 2 – Determination of fair values 22 Note 2 – Pensions / Employee Benefits 82 Note 3 – Financial risk management 23 Note 3 – Property, plant and equipment 85 Note 4 – Operating segments 24 Note 4 – Subsidiaries 86 Note 5 – Revenue 27 Note 5 – Shares in associated companies Note 6 – Operating expenses 32 and other investments 86 Note 7 – Personnel expenses 32 Note 6 – Bonds 87 Note 8 – Finance income and expenses 34 Note 7 – Receivables 87 Note 9 – Income tax expense 35 Note 8 – Share capital and shareholders 88 Note 10 – Property, plant and equipment 37 Note 9 – Liabilities 90 Note 11 – Intangible assets 40 Note 10 – Guarantees 90 Note 12 – Investments in associates 44 Note 11 – Tax 91 Note 13 – Other investments 45 Note 12 – Related party information 92 Note 14 – Inventories 46 Note 13 – Financial instruments 95 -
Prospectus of 6 June 2012
Bonheur ASA, prospectus of 6 June 2012 Registration Document Prospectus Bonheur ASA Registration Document Oslo, 6 June 2012 Joint Lead Managers: 1 of 34 Bonheur ASA, prospectus of 6 June 2012 Registration Document Important information Investments by Bonheur ASA are largely carried out jointly with Ganger Rolf ASA. In case of Ganger Rolf ASA acting as guarantor for the debt issued by Bonheur ASA, information about the guarantor will be provided in the Prospectus in accordance with Annex VI of the commission regulation no 809/2004 of the European Parliament and of the Council. In general, the information provided in the Prospectus is valid for both Bonheur ASA and Ganger Rolf ASA, if not otherwise stated. This Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's (including its subsidiaries and affiliates) lines of business. This Registration Document is subject to the general business terms of the Joint Lead Managers, available at their respective websites. Confidentiality rules and internal rules restricting the exchange of information between different parts of the Joint Lead Managers may prevent employees of the Joint Lead Managers who are preparing this Registration Document from utilizing or being aware of information available to the Joint Lead Managers and/or any of their affiliated companies and which may be relevant to the recipient's decisions. The Joint Lead Managers and/or any of their affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments.