2014 ANNUAL REPORT ABOUT Norconsult

Norconsult is Norway’s largest and The company aims to make society more Norconsult’s consultancy services one of the Nordic region’s leading sustainable by providing innovative and support its clients’ value creation and interdisciplinary consultancy firms, targeted consultancy services – from success. specialising in regional planning and concept development and overarching project design. Based on many years’ plans to project design and operational Each year the company performs several experience, the company has established support. In choosing solutions, thousand assignments of all sizes for itself as an influential contributor on the Norconsult gives careful consideration public and private sector clients across national and international stage. to the more vulnerable areas of society large parts of the world. and offers significant expertise in environmental issues, risk management and contingency planning.

2 / annual report 2014 2014 ANNUAL REPORT

4 CEO`s report 8 This is Norconsult 10 Annual Report 2014 16 Board of directors Norconsult Group 17 Income Statement 18 Balance 20 Norconsult`s Management Group 22 Working environment and corporate social responsibility 25 2014 in brief 26 Projects 30 Marked 34 Addresses

annual report 2014/ 3 CEO`s REPORT

Continued improvements and profitable growth

Norconsult posted another good set of results in 2014. The company has consolidated its position as an attractive workplace for its employees, which in turn has helped to motivate and establish a basis for an even stronger organisation. The company’s financial solvency and market position provides a solid platform for further progress for the benefit of the company’s clients, partners and employees.

Norconsult increased both its sales and Our Norwegian business spread over 51 ranked the most attractive consultancy staffing levels during 2014. Despite a offices, covers all of Norway, from firm among technology employees with changing market and heightening Hammerfest in the North to Mandal in several years’ work experience. competition, the company posted a strong the South. The Group is also established financial result. Norconsult is also well po- in Sweden and Norway, and has However, the most pleasing results came sitioned within its various market areas and local companies within selected markets from the annual employee satisfaction thus has a solid base for further growth. in South America, southern Africa and survey carried out in Norway, Sweden and Southeast Asia. Despite our large and Denmark. This revealed work satisfaction Norconsult’s employees are the international nature, our culture binds us and commitment at Norconsult to be not company’s greatest assets. together across national boundaries and only very high, but also in the top 10 per The Norconsult Group has a number of work assignments. The key to Norconsult’s cent recorded by TMS Gallup in Norway subsidiaries and offices across the world. success is that each individual employee and the rest of Europe. Together, we form a community that does displays the right attitude and desire for its best every day, regardless of where we both business and our clients. This shows Norconsult to be both an are. I have been very impressed with my attractive workplace with a healthy and colleagues. Attractive workplace robust culture with committed, dedicated In a consultancy business such as ours, and satisfied employees. We would not be where we are today we are wholly dependent on attracting, without skilled and motivated employees. recruiting and retaining the best Excellent partner for our clients They represent the Group’s most impor- employees. In this context, a number of Outstanding leading expertise and interdis- tant resource. The job we perform surveys carried out in 2014 produced some ciplinary capabilities are the key to deliver- together is the reason why the company very pleasing results. In the 2014 Career ing client value. In addition, understanding has become a successful, strong and Barometer Survey, Norwegian engineering the client’s needs, supply capability and socially beneficial business. students named Norconsult the indus- respect for deadlines are important ele- try’s most attractive employer. In a survey ments in succeeding in our commercial carried out by Universum, Norconsult was activities.

4 / annual report 2014 “ The key to Norconsult’s success is that each individual employee displays the right attitude and desire for both business and our clients.”

Skilled assignment managers are a Outlook question of working harder, but of working prerequisite for high-quality deliveries The world is changing at an ever- smarter to continually improve our work and satisfied clients. increasing pace. To be able to make processes and deliver added value to our informed choices and put these into clients. To become even better, we have estab- action, we have to carry out the correct lished a four-pronged training model analyses and combined healthy commer- I have great faith in the expertise and for assignment implementation and cial sense with the right attitudes. commitment to be found everywhere assignment management. The challenges To create sustainable solutions for our in Norconsult. By collaborating in and associated with and approaches adopted clients in the best interests of society, we focusing on the appropriate areas, I have for different assignments and clients can have to adopt a holistic approach. Our no doubt that the future will offer many vary. Nonetheless, I believe that is impor- solid expertise and wide-ranging resource promising and exciting opportunities for tant to identify the best practice and pool enables us to do just this. Norconsult Norconsult. establish this as a shared method of possesses the expertise and everything is approaching assignments. For all our in place to be able to solve complex tasks assignments we aim to ensure that we and within all a market areas. our clients share a common understand- ing of targets, challenges, progress and The strategy process for the period deliveries. 2016–2018 is well underway. Regardless Per Kristian Jacobsen of market developments, it is important CEO We shall possess both the relevant exper- to offer leading expertise, efficiently utilise tise and sufficient capacity to carry out the resources and facilitate innovation and assignments as agreed. We work together creativity. with clients to achieve outstanding results through leading expertise in assignment Our planning must also take into account management and effective ongoing the fact that what worked well before communication. may not be successful in future. It is not a

annual report 2014/ 5 6 / annual report 2014 Fornebuporten comprises two office buildings that include a sunken atrium with stores and a training area. Norconsult has contracts within geotechnical engineering and engineering geology, building technology, acoustics, fire-safety, building engineering physics, HVAC, electrical engineering and landscape architecture. The buildings were designed by DARK Arkitekter. The office buildings were constructed in concrete and are planned for completion in 2015/2016.

Illustration: DARK Arkitekter AS

annual report 2014/ 7 This is Norconsult

Norconsult aims to be a leading Nordic supplier of knowledge-based services, as well as a prominent international presence in selected markets. We shall be the largest and the clear first choice in our industry in the Norwegian market.

The Norconsult Group employs around sational and geographical borders. Our The solutions are bundled under the 2,900 staff, and is wholly owned by its clients have clear expectations of us. trade name ISY and have more than employees. The Group is headquartered This keeps us on our toes and inspires 10,000 users in Norway. in Sandvika, near Oslo. us to make the necessary improvements and keep Norconsult moving forward Norconsult AB Operations are run from 51 offices in along the right lines. For all our assign- In 2007 Norconsult expanded its “home Norway and through subsidiaries in ments we aim to ensure that the client market” to include Sweden. Since then Norway, Sweden and Denmark. The and ourselves share a common under- the number of employees and offices in company is also represented through standing of targets, challenges, progress Sweden has grown steadily. Today subsidiaries in Africa (South Africa and and deliveries. We ensure we have both Norconsult AB employs around 400 Mozambique), Asia (the Philippines, the relevant expertise and sufficient staff at 16 different office locations. Laos, Thailand and Malaysia) and in capacity to carry out the assignments The company is headquartered in South America (Chile and Peru). as agreed. Gothenburg.

The largest non-Norwegian company The largest subsidiaries in the The company is one of Sweden’s in the Norconsult Group is Norconsult Norconsult Group fastest-growing consultancy firms AB in Sweden. In Denmark Norconsult’s Norconsult Informasjonssystemer AS which delivers the same services as business is operated through Norconsult (NoIS) develops and supplies end-to- Norconsult in Norway. Norconsult AB Danmark and Wessberg AS. Other end ICT solutions for project design, also owns Norconsult Fältgeoteknik AB. major companies in the Norconsult construction and management of infra- Group include Norconsult Informasjons- structure and property. The company Technogarden systemer AS and Technogarden. has 115 staff spread over offices the Technogarden is a consultancy and length and breadth of Norway, and the recruitment firm that helps to boost How we work company is headquartered in Sandvika. clients’ competitiveness by offering Norconsult is a decentralised organi- In 2013 NoIS also established itself in flexible and effective access to sation where local knowledge about Sweden through the acquisition of engineering resources through the client and the assignment are key Astando AB. Norconsult Informasjons- consultancy services. The company also success factors. It is in executing assign- systemer delivers solutions within the has significant activities within telecoms, ments that we come to the fore, and following market areas: targeting planning and project design of by employing skilled staff that we out- • GIS and communal management telecommunications infrastructure. perform our competitors and become • Management operations and the preferred choice for our clients. maintenance • Tenders, calculations and We share knowledge and collaborate project management effectively across professional, organi- • BIM and design

8 / annual report 2014 Norconsult Holding AS

Norconsult AS Norconsult Eiendom AS

100% Norconsult Technogarden 100% 100% Norconsult 100% Norconsult AB Informasjonssystemer AS Eng. Resources AS Africa (Pty) Ltd.

100% 75,5% 100% Norconsult Technogarden 67,5% Norconsult Norconsult Astando AB Astra North AS Lyanda (Pty) Ltd. Fältgeoteknik AB

100% 88% 100% Norconsult Technogarden 100% Solem Arkitektur AS Norconsult LNG AS Mozambique Lda. Eng. Resources AB

100% 95% SCDS * Norconsult Mozambique Danmark A/S

100% 100% Norconsult * Wessberg A/S Laos Co. Ltd. Danmark

100% 100% Norconsult Norconsult Andina SA 3000 Management Chile Services (Phils), Inc 2800 Phiippines 2600 Norconsult 100%

2400 Peru SAC

2200 100% 2000 The company map only shows active Norpower Sdn Bhd, Kuching, Malaysia 1800 companies with sales in excess of NOK 1 million in 2014. 1600

1400 * The companies Norconsult Danmark A/S and Wessberg AS 1200 were merged effective 1 April 2015. 1000

800

600

400

200

2011 2012 2013 2014 Number of employees 31 Dec The Norconsult Group

annual report 2014/ 9 Annual report 2014

Norconsult posted further sales growth in 2014, despite an increasingly challenging market. The operating result was impacted by a non-recurring effect of NOK 167.5 million relating to the closure of a defined-benefit pension scheme at NorconsultS A . Adjusting for the above, the underlying operating profit was up on the previous year. The board deems the company’s financial performance to be satisfactory in the current market.

Business management and contingency planning. Markets Norconsult comprises the parent Norconsult provides planning and The Group posted year-on-year sales company Norconsult Holding AS and its consultancy services for all phases of a growth of 7.2 per cent in 2014, with wholly owned subsidiaries Norconsult project: including needs descriptions, sales in the Norwegian companies up AS and Norconsult Eiendom AS. pre-feasibility studies, project design, by 7.3 per cent. Sales in the Swedish Norconsult Holding AS is entirely procurement processes and monitor- companies climbed by around 7.2 per employee-owned. ing of construction deadlines along with cent, primarily due to organic growth. operating and maintenance routines. In Denmark, where activities are at a The Group performs most of its assign- The services are organised into nine slightly lower level, sales increased ment activities through Norconsult AS business areas: by around 13 per cent against the and the non-Norwegian subsidiaries. • Buildings previous year, on the back of strong The subsidiary Norconsult Informas- • Transport organic growth. jonssystemer AS (NoIS) also delivers ICT • Energy solutions for infrastructure and prop- • Environment Sales in the non-Nordic subsidiaries erty, while the subsidiary Technogarden • Industry generally remained on a par with the delivers recruitment and consultancy • Water previous year. This was attributable to services in Norway and Sweden. • Oil and gas a number of factors, including volume • Planning reductions in some companies (e.g. Norconsult is the largest technical con- • Risk Management in Peru and Chile) due to the gradual sultancy firm in Norway. The company winding down of larger assignments, has significant and expanding activities In recent years Norconsult has rein- and strong growth in other companies in Sweden and Denmark and enjoys a forced its expertise, capacity and geo- (e.g. in Malaysia and Mozambique). strong international presence, primarily graphical presence through a number within hydropower and power trans- of acquisitions. In 2014 Norconsult Around half of the growth in Norway mission. Each year the Group performs acquired the following companies: was fuelled by acquisitions in the period. more than ten thousand assignments Mjelde og Johannesen AS (Stavan- Organic growth in Norway was driven of all sizes for public and private sector ger), PlanConsult VVS AS (Namsos and by improvements in several market clients across large parts of the world. Steinkjer), Astra North AS (Stavanger), areas. Buildings, Energy, Water and The business contributes to a sustain- PW Arkitekter AS (Harstad), VA Support Planning all posted good growth in the able society by offering innovative and AS (Kløfta), Solvang og Fredheim AS reporting period. Transport, Environ- targeted consultancy services. In choos- (Os), Solvang og Fredheim Gudbrands- ment and Risk Management maintained ing solutions, Norconsult gives careful dalen AS (Otta), Tegneverket arkitekter the previous year’s sales levels, while consideration to the more vulnerable AS (Mo i Rana), Solem arkitektur AS Oil and Gas and Industry experienced areas of society and offers significant (Trondheim and Kristiansund) and Aale- declining sales. expertise in environmental issues, risk rud AS (Hamar).

10 / annual report 2014 Future prospects are deemed to be initiatives to empower young people to more about larger areas of the com- positive for most market areas. Some make their own choices and have the pany. All new employees receive the uncertainty attaches to Industry, Oil and courage to stand up for their beliefs. book as part of their Norconsult Gas and to a lesser extent to Building The agreement also secures Norconsult induction programme. LiVE is used and Property, due to underlying doubts access to MOT’s expertise in attitude- to boost awareness of the desired about the future of the property market. forming initiatives and organisational corporate culture and the conduct and In Norway, in particular Transport, development with the aim of promoting attitudes that should inform choices and Energy and Environment would appear effective and enduring corporate cul- decisions under the motto – “attitudes to offer promising growth opportunities. tures. In 2014 Norconsult opted to enter drive results”. Further growth in Norway is contin- into an agreement with gent on the company’s ability to attract Engineers Without Borders (IUG) under Norconsult’s integrity programme both new and experienced employees. which Norconsult provides financial In 2013 Norconsult implemented a Growth opportunities could also be support for IUG’s activities and supports holistic integrity programme intended to impacted by foreign companies’ interest its own employees who wish to par- ensure that the business prevents, and in the Norwegian market due to spare ticipate in IUG’s international assign- where applicable quickly identifies and capacity in other European countries. ments. In addition to a wide-ranging avoids repetition of cases of corruption A continuing depreciating NOK could partnership with various universities or other malpractice. reduce the risk of foreign competition and colleges, Norconsult has entered for Norwegian assignments at the same into partnerships with lower and upper In 2014 the integrity programme time as making the company more secondary schools in order to promote adopted a particular focus on imple- competitive with regard to international interest and expertise in science among menting measures to formalise the assignments. young people in their actual learning Group’s principles for corporate environments. governance and raise the level of Norconsult deems prospects to be internal controls over financial generally good in the international Corporate culture (The Way We LiVE) procedures. The integrity programme markets where the company is repre- Norconsult’s cultural platform LiVE completed and made all related guid- sented. (which deals with Management, Values ing documentation available in 2014. and Ethics) comprises five principles for Norconsult also attached a high priority Corporate social responsibility sound management and four values and to training on and raising awareness Norconsult’s consultancy activities a general rule of thumb for ethics. The of potential ethical dilemmas during contribute to sustainable development ten LiVE tenets are a simple expression the reporting period. All the Group’s and the company strives to ensure that of the conduct and attitudes expected employees signed, either electronically its activities do not breach internation- of Norconsult employees in their daily or physically, that they had read and ally recognised principles and guidelines company activities. The LiVE principles understood and would comply with relating to human and employee rights, were rolled out in all Norconsult’s global Norconsult’s ethical guidelines. In 2014 the environment and corruption. businesses in 2013. all Norconsult’s employees took part in an e-training course in which they had Norconsult’s strategy for corporate In 2014 the Group’s employees received to make a judgement on various ethical social responsibility requires businesses the booklet “The Way We LiVE”. The dilemmas they could encounter in a to take account of corporate social booklet is a culture-enhancing measure work context. responsibility within the categories of to be used in ongoing implementation expertise, children and young people of the Group’s “LiVE Norconsult” cultural Norconsult has an independent whistle- and local support bodies. Since 2012 platform in which the Group’s own blowing channel which employees can Norconsult has been a partner of the employees relate their thoughts on the use to notify censurable matters safe in organisation MOT, a Norwegian charity Group’s management principles, values the knowledge that the matter will be formed to combat youth violence and and ethical standards. The booklet can treated confidentially and followed up drug use. The company supports MOT’s also be used to help employees to learn discreetly and thoroughly by an internal

annual report 2014/ 11 integrity committee. Norconsult’s concept for digital water and sewage that all parties involved in a project annual employee satisfaction survey management (DiVA). This four-year (typically developers, consultants and performed by TNS Gallop revealed that project (2012–2016), is being financed subcontractors) quickly become familiar the general awareness of ethical guide- by the Research Council of Norway. with each other and the project. lines, dilemmas and whistle-blowing Employees are trained as innovation channels improved between 2013 and Norconsult AS employs 28 staff with process managers from all areas of the 2014. PhDs and the company supports em- company. Two groups have completed ployees who initiate research assign- this process manager training to date, Research and development ments deemed relevant for the com- and a new group will be welcomed in As a knowledge-based business pany. spring 2015. Our professional process Norconsult is dependent on recruiting managers help the interdisciplinary team and retaining highly skilled employees. Innovation management to quickly establish rules of procedure In order to remain at the cutting edge of Norconsult constantly aims to find for effective negotiations, and provide new developments, various professional optimal solutions for client projects. tools for ongoing improvement of ne- resource pools participate in relevant To this end, in the period 2010–2013 gotiations once a project is underway. research projects and the company Norconsult researched, developed and sponsors PhD students in a number of implemented an innovation method- Employees professional fields. ology tailored to suit the engineering Norconsult aims to attract the most services the company delivers. This talented employees within its consul- In 2014 R&D investments equated to service often involves close professional tancy specialities and actively strives to around two per cent of Norconsult’s dialogue with the client. The innova- develop a stimulating environment for sales. The lion’s share of these invest- tion methodology allows the client to personal development. At the start of ments were made in IT. Norconsult be involved and maximizes the latter’s 2015 the Norconsult Group employed employs 40–50 annual equivalents to creative potential in collaboration with 2,900 staff, which represents a net in- develop its IT solutions, at a total cost Norconsult’s consultants. This repre- crease of 200 on the previous year. of around NOK 50 million. sents state-of-the-art industry expertise. Innovation processes can be relevant Equal opportunities and rights Norconsult was involved in the follow- for all types of Norconsult’s consultancy Everyone in the Norconsult Group shall ing research projects during the year assignments and can potentially gener- have equal opportunities regardless of under review: ate both cost savings and efficiency and gender, ethnicity, age, beliefs or func- quality gains. tional capacity. One target is to raise the • BegrensSkade: Norconsult is pro- percentage of women in the Group’s ject manager for this three-year R&D Norconsult runs a group-wide innova- operating units and at management project. The project, which involves a tion programme and has a dedicated level. The above situation improved total of 23 partners within the building, specialist resource pool for innovation in 2014. At the end of 2014, 26.8 per property and subcontracting industries, management. In 2014 the manager of cent of Norconsult AS’ employees were has a total budget of NOK 21 million. this department completed a PhD in women, which was up one percentage The purpose of BegrensSkade is to “Client-consultant interaction practices”. point on the previous year, while 27.9 develop new methods for excavation per cent of the Group’s employees were works and coordination initiatives within Process management in women. The percentage of women in the industry intended to reduce the risk interdisciplinary projects management positions at Norconsult AS of damage to neighbouring properties The process management expertise increased from 15.2 per cent in 2013 to as a result of excavation and foundation has been developed over a number of 19 per cent at the end of 2014. The per- works. years in order to be able to implement centage of women in management po- effective negotiation processes in large, sitions in the Group as a whole was 22.2 • The DiVA project: Norconsult is interdisciplinary projects. The purpose per cent. A total of 11 per cent of the spearheading initiatives to develop a of a coordination process is to ensure parent company’s board were women,

12 / annual report 2014 Norconsult AS’ Working Environment resulted in damage to the environment ny’s ethical guidelines and environmen- Committee comprises four women and/or personal injuries. A further two tal policy. Requirements to take account and two men, and the company’s head work-related lost-time injuries were of the external environment have been safety delegate in 2014 was female. recorded along with six non-lost-time implemented in the integrated manage- personal injuries which required medical ment system along with the company’s Health and safety attention. No repetitive or strain injuries routines for assignment implementation, Norconsult is committed to looking were recorded in 2014. in accordance with the requirements for after the health and safety of all its em- technical and professional quality, dead- ployees in accordance with the com- Management system lines, finance and health and safety. pany’s ethical guidelines. The company Norconsult AS has an integrated man- operates an integrated management agement system designed to secure Norconsult’s energy requirements at system that incorporates consideration compliance with various requirements, its offices are essentially covered by of health, safety and environmental risk elements and targets. The system is electricity, in the case of the head requirements. rooted in the company’s core activity, office, partly through water-borne namely the planning and implementa- district heating/remote cooling. The board deems Norconsult’s work- tion of assignments of varying scopes, Norconsult is endeavouring to reduce ing environment to be good. The involving a broad range of professional the general level of waste, and the annual employee survey performed by expertise and a wide variety of clients. company participates in return and TNS Gallup revealed high levels of job This system satisfies all requirements recycling schemes for consumer goods satisfaction and commitment among relating to relevant legislation and NS- where these have been established. The Norconsult AS’ employees. Norconsult EN ISO 9001, and complies with NS-EN company’s employees are encouraged AS’ sickness absence rate is well below ISO 14001. The company is working to to use trains as a means of transport the Norwegian average and in 2014 establish a new IT platform that will sup- where such is expedient, and wherever came in at 2.9 per cent. The company port a group-wide management system. possible to use video and phone confer- aims to keep sickness absence to below ences to avoid unnecessary travel. 3 per cent. The company is actively Norconsult AB in Sweden has been striving to reduce sickness absence. certified to ISO 9001:2008 and ISO Norconsult’s offices in Bodø, Hamar, Norconsult operates medical schemes 14001:2008 for many years. In February Larvik, Os, Otta, Stavanger and and an occupational health scheme for 2015 Norconsult Peru was certified to Trondheim are certified as Environ- its employees. ISO 9001:2008 mental Lighthouses. The head office in Sandvika aims to be certified during Norconsult systematically strives to As part of Norconsult’s integrity pro- 2015, while templates are being drawn identify hazards and reduce risk in work gramme, in 2014 the company further up to certify other Norconsult offices. situations, including by issuing instruc- systematised its group-wide corporate tions for potentially risky work opera- management through the preparation Norconsult has a dedicated team of tions away from the office. All employ- of group-wide policies and associated around 80 staff who work exclusively ees are responsible for ensuring that procedures. on health, safety and the internal and occupational risks relating to assign- external environment, and who are ments and tasks are identified, evaluated Impact on the external environment assigned to internal and external as- and documented. Health and safety Norconsult is aware that its activities signments as required. These include considerations are incorporated into impact the external environment, pri- qualified consultants under the Environ- the company’s routines for assignment marily through the advice the company mental Lighthouse scheme, ISO 14001 implementation. gives to its clients, but also through the and Breeam. company’s employees’ activities. The Two undesired incidents were recorded company endeavours to reduce this Corporate governance in 2014. While these only resulted in impact through various improvement Norconsult’s board comprises three material damage, they could also have projects in accordance with the compa- external representatives, three share-

annual report 2014/ 13 holder-elected board members and The Group posted gross operating At the reporting date the company’s three members elected by employees. revenues of NOK 3,842.9 million in equity amounted to NOK 307.9 None of the board members serve in 2014. (2013: NOK 3,586.1 million) and million (2013: NOK 255.9 million), Norconsult’s management group. an operating profit of NOK 146.5 million which equates to an equity ratio of (2013: NOK 308.0 million). 54.9 per cent. Cash and cash equiva- Norconsult Holding AS’ Annual General lents at the end of the year totalled Meeting determines the fee paid to the Adjusted for the non-recurring effect NOK 89.1 million (2013: NOK 91.4 board members based on the recom- relating to the closure of the company’s million). In 2014 Norconsult Holding AS mendations of the Election Committee. defined-benefit pension scheme, the posted a net cash outflow of NOK 2.3 The Election Committee comprises four underlying operating profit was NOK million (2013: NOK 8.7 million). members, three of whom are elected 314.0 million. The operating margin for by the General Meeting, while the board 2014 came in at 3.8 per cent (underly- Financial risk appoints one representative. The main ing 8.2 per cent), compared with 8.2 per The risk of clients being unable to meet remit of the Election Committee is to cent in 2013. their obligations is regarded as low, as ensure that the board has the right historically the Group’s bad debts have blend of expertise and experience. In 2014 the Group posted a cash inflow been minimal. The company stresses of NOK 51.9 million. (2013; NOK 33.3 the importance of invoicing work being The board held eight board meetings million). The company’s net cash flow performed at the earliest opportunity in 2014. Where required the board has reflects a significant scope of invest- and closely monitors trade receivables been informed of important events ment activities, a dividend payment for in all areas. between board meetings. the previous year and the net sale of treasury shares during the reporting Norconsult’s liquidity is deemed to be Change from defined-benefit to period. satisfactory and operations in 2014 defined-contribution pension scheme were self-financing in virtually all units. at Norconsult AS The cash flow from operating activi- Surplus liquidity is used to pay dividends In its board meeting on 18 December, ties is deemed to be satisfactory in light or to invest in operating activities or ac- the board decided to close the defined- of the company’s growth. Cash and quisitions. The company has the leeway benefit pension scheme in the subsid- cash equivalents at the end of the year to reduce all of the above elements if iary Norconsult AS as of 31 December totalled NOK 276.0 million (2013: such is deemed necessary on grounds 2014. Consequently, the company NOK 224.1 million). At the end of 2014 of liquidity. All acquisitions are subject to settled liabilities recognised in the bal- the Group’s equity amounted to NOK due diligence, and the company focuses ance sheet and recognised a negative 725.0 million (2013: NOK 681.9 million), on objects with sound profitability and non-recurring effect of NOK 167.5 mil- which equates to an equity ratio of 37.4 promising future prospects. lion under operating profit, along with per cent. NOK 122.2 million under the net result Norconsult is exposed to currency for the year after tax. The company Income statement, balance sheet and fluctuations as a result of the company’s decided to convert all defined-benefit statement of cash flow for Norconsult international activities. Some sales relat- schemes with the exception of those Holding AS. ing to the above are invoiced in NOK, for employees born in or before 1948, The parent company Norconsult Hold- while others are billed in the applicable and schemes for employees with full or ing AS does not perform any operating local currency, EUR or USD. Under the partial disabilities. activities. The operating loss came in at present currency strategy, the company NOK 0.9 million (2013: loss of NOK 0.8 hedges currency fluctuations where Annual financial statements million). The profit before tax amounted this is expedient, and where applicable Income statement, balance sheet to NOK 116.5 million. (2013: NOK 131.1 endeavours to negotiate contract terms and statement of cash flow for the million). that limit such exposure. Norconsult Holding AS Group.

14 / annual report 2014 Norconsult is expanding on the back ing Act, Norconsult confirms that the business areas in which the company of both organic growth and strate- financial statements have been prepared operates. gic acquisitions. In recent years the on the going concern assumption. company has completed a number of Norconsult has been an active par- acquisitions in which values in excess of Appropriation of profit for the year ticipant in the wave of consolidation book values have been identified. These The board has evaluated the company’s currently underway in the industry in excess values largely relate to employ- overall financial situation including Norway and will continue to play a ees and expertise and are recognised in equity and future prospects in order to leading role in the Norwegian market the financial statements as goodwill. In establish the basis for proposing a divi- and be a key player on the Nordic stage. line with generally accepted account- dend based on the net profit for 2014. Internationally, in line with the Group’s ing practice, goodwill is amortised on Norconsult Holding AS posted a net strategy Norconsult will step up its a straight-line basis over its expected profit for the year of NOK 116,104 mil- focus on regions and markets where useful economic life. The Group’s lion. The board proposes that the profit the Group can bring its unique expertise management and board regularly review be appropriated as follows: and competitive advantages to bear in the value and useful economic life of Proposed dividend:NOK 122,624 million promising areas. goodwill, and any need to recognise im- Transferred pairments based on an evaluation of the from other equity: NOK 6,520 million The company’s financial solvency is respective units’ actual and expected Total transferred: NOK 116,104 million satisfactory. The board does not expect future performance. to have to inject further capital during Outlook 2014. However, the board points out No events of material importance for an The Norconsult Group’s financial sol- that general uncertainty attaches to assessment of Norconsult’s position or vency, expertise and market position put consideration of future conditions, and performance have occurred since the the company in a very strong position that market developments are depen- end of the reporting period. In accor- moving forward. Market prospects are dent on general economic trends and dance with the Norwegian Account- deemed to be positive in most of the performance.

Sandvika, 23 April 2015

Board of Directors Norconsult Group

Jan Oksum / Chairman Kari Broberg / Deputy Chairman Jon Hindar / Boardmember

Jørn Tyrdal / Boardmember Henning Vellene / Boardmember Stein S. Hovden / Boardmember

Johan B. Knudsen / Boardmember Harald Trosvik / Boardmember Jens Kvarekvål / Boardmember

Per Kristian Jacobsen / CEO

annual report 2014/ 15 BOARD OF DIRECTORS NORCONSULT GROUP

Jan Oksum Stein Sverre Hovden Johan B. Knudsen Jens Kvarekvål Chairman

Kari Broberg Harald Trosvik Jon Hindar Jørn Tyrdal Henning Vellene Deputy Chairman

16 / annual report 2014 INCOME STATEMENT 2014

Norconsult AS Norconsult Holding AS konsern (all firgures in NOK 1,000) (all firgures in NOK 1,000)

2013 2014 2014 2013

OPERATING REVENUES AND EXPENSES 2,663,982 2,790,235 Operating revenues 3,842,889 3,586,060

2,663,982 2,790,235 Total operating revenues 3,842,889 3,586,060

380,795 362,838 Project costs 433,857 445,065 1,682,968 1,984,799 Salaries and payroll costs 2,707,575 2,311,983 65,055 66,618 Depreciation, amortisation and impairments 96,532 87,825 300,253 311,562 Other operating expenses 458,382 433,197

2,429,071 2,725,817 Total operating expenses 3,696,346 3,278,070

234,911 64,418 OPERATING PROFIT 146,543 * 307,990

Financial income and financial expenses

26,316 62,846 Res. of inv. in subsidiaries, associates 0 0 2,122 1,763 Interest income from Group companies 0 0 772 988 Other interest income 5,031 5,447 2,958 10,750 Other financial income 19,892 5,666 ( 4,948 4,906 Interest income from Group companies 0 0 ( 1,027) ( 390) Other interest expenses ( 3,669) ( 3,068) (2,948) ( 1,128) Other financial expenses ( 9,781) ( 9,253)

23,245 69,922 Net financial items 11,473 ( 1,208)

258,156 134,341 PROFIT BEFORE TAX 158,016 306,782

( 61,892) ( 20,107) Tax expense ( 61,300) ( 83,767)

196,264 114,233 NET PROFIT FOR THE YEAR 96,716 223,015

Minority interests 1,492 ( 920)

Net profit for the year after minority interests 98,208 222,095

Transfers: ( 127,500) ( 95,000) Proposed dividend ( 68,765) ( 19,233) Transferred other equity

( 196,264) ( 114,233) TOTAL TRANSFERRED

* The operating profit for 2014 is impacted by non-recurring effect relating to the transition from a defined-benefit to a defined-contribution pension scheme in the amount of NOK 167,500,000. The underlying operating profit was NOK 314,043,000 and underlying profit for the year after minority interests NOK 220,408,000.

annual report 2014/ 17 BALANCE SHEET 2014 as of 31 December 2014

Norconsult AS Norconsult Holding AS konsern (all firgures in NOK 1,000) (all firgures in NOK 1,000)

2013 2014 2014 2013

ASSETS

Intangible assets 0 25,141 Deferred tax assets 29,533 0 0 0 R&D, licences and software 3,649 7,736 220,223 237,181 Goodwill 257,681 226,170

220,223 262,322 Total intangible assets 290,863 233,906

Property, plant and equipment: 4,689 6,821 Land, buildings and other real estate 210,662 208,354 22,187 33,283 Chattels, furniture etc., etc. 60,466 42,024 ‘ 0 0 Assets under construction 0 2,500

26,876 40,104 Total property, plant and equipment 271,128 252,878

Non-current financial assets: 251,448 290,363 Investments in subsidiaries and associates 0 0 39,231 49,641 Loans to Group companies 0 0 781 781 Investments in shares and shareholdings 2,680 1,003 23,686 26,165 Other long-term receivables 32,192 26,837 125,807 0 Pension fund assets 0 122,603

440,952 366,950 Total non-current financial assets 34,872 150,443

688,051 669,377 Total non-current assets 596,863 637,227

126,605 133,311 Accrued income 202,701 180,948

Receivables: 470,214, 600 456 Trade receivables 780,752 713,283 98,475 74,253 Current receivables due from Group companies 0 0 28,947 22,854 Other receivables 80,533 81,976

618,932 721,895 Total receivables 861,285 795,259

Cash and cash equivalents: 9,334 10,451 Bank deposits and cash 275,975 224,066

754,871 865,658 Total current assets 1,339,961 1,200,273

1,442,922 1,535,033 TOTAL ASSETS 1,936,825 1,837,500

18 / annual report 2014 Norconsult AS Norconsult Holding AS konsern (all firgures in NOK 1,000) (all firgures in NOK 1,000)

2013 2014 2014 2013

EQUITY AND LIABILITIES

Paid-in equity: 2,878 2,878 Share capital 5,805 5,779 0 0 Treasury shares ( 20) ( 483) 50,361 50,361 Share premium account 306 679 249 114 0 0 Paid-in non-registered capital 1,917 1,446

53,239 53,239 Total paid-in equity 314,381 255,856

Retained earnings: 407,468 426,701 Other equity 408,688 422,344

407,468 426,701 Total retained earnings 408,688 422,344

Minority interests 1,954 3,748

460,707 479,940 Total equity 725,023 681,948

Provisions: 0 13,172 Pension liabilities 16,197 0 12,176 0 Deferred tax liabilities 0 18,038 0 0 Other provisions 624 5,863

12,176 13,172 Total provisions 16,821 23,901

Long-term liabilities: 65,364 140,674 Liabilities due to Group companies 0 0 10,788 14,793 Other long-term liabilities 33,765 23,930

76,152 155,467 Total long-term liabilities 33,765 23,930

Current liabilities: 81,368 61,063 Trade payables 101,420 127,653 38,235 42,424 Advance payments from clients 77,281 57,663 55,182 51,252 Current liabilities due to Group companies 0 0 60,818 56,640 Tax payable 99,994 97,414 264,042 279,802 Public duties payable 339,632 295,182 127,500 95,000 Proposed dividend 122,624 128,069 266,653 300,272 Other current liabilities 420,265 401,740

893,888 886,454 Total current liabilities 1,161,216 1,107,721

982,215 1,055,093 Total liabilities 1,211,802 1,155,552

1,442,922 1,535,033 TOTAL EQUITY AND LIABILITIES 1,936,825 1,837,500

annual report 2014/ 19 Norconsult´S MANAGEMENT GROUP

Per Kristian Jacobsen Bård Hernes Knut Helgesen Ola H. Norderhaug Christian Bekkevold Nilsen CEO Executive Vice President Executive Vice President Executive Vice President CFO Information Technology Energy International Operations

Fride Andrea Hærem Sigurd Rugsland Tom Baade-Mathiesen Egil Gossé Janicke Poulsen Garmann Kjetil Ruud Executive Executive Executive Executive Executive Executive Vice President Vice President Vice President Vice President Vice President Vice President - IT, Human Resourses Transportation and Water and Sewage Technical Systems Enviroment and Structures and and Marketing planning Risk management Civil Works

20 / annual report 2014 Sam Eyde Upper Secondary School is a relatively large and complex educational building. Norconsult has been engaged as architect, landscape architect and project design group manager, as well as consultant within structural engineering, fire safety and electro-technical installations. The company has been involved in all stages from feasibility study to completion.

annual report 2014/ 21 Working environment and corporate social responsibility

Honesty, Competence, Inclusiveness and Commitment are the core values that shape our employees’ attitudes and conduct. Norconsult’s consultancy activities are based on the business concept that the Group’s expertise must contribute to sustainable societal development.

The Group’s corporate culture survey also covered activities in Sweden ising result. The total manager score – The Way We LiVE and Denmark. increased from 79 in 2013 to 81 in 2014. The cornerstone of our corporate Efficient management based on the LiVE culture is LiVE Norconsult. LiVE The survey provides a platform to management principles is an important Norconsult comprises five manage- develop measures in the categories of driver of both work satisfaction and ment principles, four core values and the working environment, commitment, commitment at Norconsult. a rule of thumb for ethics. Together expertise, management and culture. The the ten principles describe the attitude actual employee’s survey was designed Manager and expertise development Norconsult employees are expected to by TNS Gallup in collaboration with a Each year Norconsult’s internal manager adopt in their work. Living and working work group including representatives development course stages a two- in accordance with the LiVE principles is of the health and safety service and the day Manager Forum for all managers crucial for developing our relationships trade unions. with responsibility for personnel in the with employees, clients and society as a Nordic region. In 2014, 174 of managers whole. LiVE Norconsult’s was launched The employee survey attracted a very with responsibility for personnel took in 2012, and rolled out across the entire high response rate. In Norway 84 per part in the Manager Forum. A total of Group in 2013. cent of employees participated, while 11 meetings were held, where the main the corresponding figures in Sweden topic for the year was communica- In 2014 the Group CEO and ten and Denmark were 80 per cent and 84 tion in management and recruitment. employees from nine different countries per cent, respectively. Feedback on the 2014 Manager Forum published their experiences of the LiVE showed that the managers found the principles in book form. Subsequently Norconsult scored particular highly in meetings very useful. On a scale of 1 all the Group’s employees were sent the the categories work satisfaction and to 6, where 6 represents the strongest booklet “The Way We LiVE”. As well as commitment. On a scale of 0 to 100, approval rating, participants gave an reflecting individual employees’ Norconsult AB in Sweden scored 72, average score of 5.24 for the perceived perceptions of the principles in LiVE, Norconsult Danmark A/S 76, and Nor- usefulness of the meeting with regard to the book also describes Norconsult’s consult AS 79 in the reporting period. their own work. activities in each individual country. Norconsult AS scored 82 on the same Therefore the booklet also serves as a index for 2013. Despite a slight fall, the Norconsult is an expertise-based tool that all employees can use to learn figures for both Norconsult Danmark business whose staff represent the even more about larger parts of the A/S and Norconsult AS in Norway were business’ most important asset. Through Group’s activities. among the top 10 per cent business our teaching portal and the training that TNS benchmarks against in Norway programmes run by the Norconsult High employee satisfaction and the rest of Europe. Norconsult AS Academy, we aim to give employees In 2013 and 2014 an employee satis- scored 79 for commitment based on the opportunity to further enhance their faction survey was carried out for all a similar scale in 2014. This was on a skills in the best interests of clients, the Norconsult AS’ employees. In 2014 the par with 2013 and represents a prom- company and the individuals concerned.

22 / annual report 2014 THE WAY WE LiVE in Norconsult

annual report 2014/ 23 The Norconsult Academy offers internal In 2013 Norconsult implemented its to channel its activities in the catego- classroom-based courses, in-house integrity programme, based on the ries of expertise, children and young training courses and standard courses principles of the World Bank’s Integrity people and local support bodies. Since from external suppliers to all Norconsult Compliance Guidelines. In the reporting 2012 Norconsult has been a partner of AS employees. period, the integrity programme primar- the MOT organisation. The company ily focused on implementing measures supports MOT’s initiatives to empower At Norconsult employees can choose to relating to formalisation of the Group’s young people to make their own develop along three paths: assignment, corporate governance and raising the choices and have the courage to stand subject and line. In 2014 the company’s Group’s level of internal controls over up for their beliefs. In 2014 Norconsult’s main focus was on developing a holistic financial procedures. The integrity entered into a formal collaboration expertise-enhancing offering for assign- programme completed and made all agreement as main sponsor of Engi- ment implementation and assignment related guiding documentation available neers Without Borders (IUG). management. The training offering in 2014. In addition, in 2014 measures was split into four tranches which are were also implemented to enhance Norconsult supports IUG’s activities referred to as assignment stages. culture and increase awareness of ethics financially and has arranged schemes to and integrity. All the Group’s perma- support its own employees who wish to A newly developed internal business nent and temporary employees took an participate in IUG’s international assign- course offering for assignment manag- e-training course in ethics. The course ments. ers for medium-sized multidisciplinary comprised 14 lessons and various topics assignments was developed, launched taken from Norconsult’s ethical guide- and implemented in three stages at the lines. end of 2014. The “Assignment Man- Charitable Christmas agement MULTI” course is continually As part of the course, all employees donation evaluated and adapted to incorporate were asked to make a judgement on feedback. Feedback on the course four job-related dilemmas. In feedback implementations was very positive. on the e-training course, 91 per cent of At Christmas 2014 Norconsult employees replied that the course high- AS donated funds to four Initiatives to enhance the expertise- lighted dilemmas and issues relevant development offering are continuing, to their daily routines. A total of 79 per different causes. being completed and launched with a cent also responded that the course targeted offering for all target groups reduced doubt as to what constituted All Norconsult AS employees were within assignment implementation and ethically sound choices in situations that asked to nominate a good cause in assignment management in 2015. could compromise integrity. an online campaign. Subsequently, a vote was held for the ten causes Corporate social responsibility The integrity programme’s focus on receiving the most votes. Thus The main way in which Norconsult culture and awareness-raising measures Norconsult awarded its Christmas exercises its corporate social responsi- has clearly produced results. In the donations to the following causes, bility is by generating benefits for 2014 employee survey, the number of which the company is very proud to society through the services the Group employees who were aware of Nor- support: delivers to its clients. Norconsult also consult’s ethical guidelines and whistle- The Norwegian Cancer Society, actively participates in group-wide blowing channels improved dramatically Doctors Without Borders, Engineers measures to ensure that business compared with 2013. Without Borders (IUG) and SOS activities are practised in such a way as Children’s Villages. The above not to breach internationally recognised Meaningful collaborations received a total of NOK 506,000 principles and guidelines relating to In accordance with the company’s distributed based on the number of human and employee rights, the strategy for corporate social responsi- votes received. environment and corruption. bility, Norconsult focuses on targeted partnerships with charitable organisa- tions. This strategy requires the business

24 / annual report 2014 2014 in brief

Acquisitions: mill % 45 300 * • Mjelde og Johannesen AS in Stavanger

4000 mill 280 40 • PlanConsult VVS AS in Namsos and 260 Steinkjer 3500 240 35 • Astra North AS in Stavanger 220 3000 30 200 • PW Arkitekter AS in Harstad

2500 180 25 • VA-Support in Kløfta 160

2000 140 20 • Tegneverket Arkitekter AS in Mo i Rana

120 1500 15 • Solvang og Fredheim AS in Os 100

80 • Solvang og 1000 10 Fredheim Gudbrandsdalen AS in Otta 60

500 40 5 • Solem Arkitektur AS in Trondheim and

20 Kristiansund

2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014 • Aalerud AS in Hamar Operating revenue Operating profit Percentage equity The figures relate to the Norconsult Holding AS Group * Underlying operating profit after non-recurring effect of change in pension scheme.

Permanent employees as of 31 December 2014

Women Men SUM female representation % Norconsult AS 514 1401 1915 26.8 Subsidiaries 293 692 985 29.7 Total 807 2093 2900 27.9

Sickness absence %

2011 2012 2013 2014

3.2 2.9* 2.8* 2.9 *

* Absence due to illness of children is not included.

annual report 2014/ 25

E39 Rogfast

Norconsult is currently carrying out de- also allow the tunnel to be maintained make a transport project as climate- tailed project design for the E39 Rogfast whilst remaining open for traffic. neutral as possible. Norconsult is Coastal Highway project. The tunnel currently identifying measures to project comprises a submarine tunnel Development of new contribute to the above by reducing from Harestad just north of Stavanger technical solutions consumption, harvesting energy and to Laupland south of Haugesund, with a The large volume of work and the reducing the environmental footprint. connection to the island community of need to identify new technical solu- This has not been previously performed Kvitsøy. The total project comprises 27 tions within several disciplines make for a major construction project and kilometres of dual-carriageway tunnel the assignment particularly challeng- is being implemented as a creative and a single-carriageway tunnel of 4 ing technically, while the length of process. All disciplines at the NPRA and kilometres. The tunnel’s lowest point is the tunnel renders current handbooks Norconsult are contributing to the as- 395 metres below sea level. unusable. It was therefore necessary to signment. reassess solutions to take account of The project also includes above-ground fire, ventilation, traffic safety and other sections at Harestad, Kvitsøy and Lau- technical systems. The duration of the Facts about Rogfast pland. The tunnel will be the world’s assignment means that some modern longest submarine road tunnel, and the technology will probably be outdated • Rogfast will be the world’s longest first stage to be connected to the major by the time the tunnel opens. Conse- and deepest road tunnel. The tun- national ferry-free E39 project. The cost quently, planning will have to facilitate nel’s lowest point will be around 390 budget is around NOK 13.8 billion, with implementation of new technology later metres below sea level. completion scheduled for 2024. in the project. • E39 Rogfast comprises an around 27 kilometres long submarine tunnel Focus on traffic safety The project design for Rogfast has between Harestad in Randaberg and There are a number of major challenges confirmed Norconsult’s position as the Laupland in Bokn. relating to project design of such a world’s leading consultant within project • The tunnel will be constructed with a large and complex tunnel project, from design of submarine road tunnels. dual carriageway, i.e have four lanes both a technical and a traffic-safety in total. The maximum gradient is five perspective. On Norconsult’s initia- Climate-neutral assignments per cent. tive, a development project has been Together with the Norwegian Public • There will also be an around 4 kilo- initiated to boost traffic safety, and to Road Administration (NPRA), Norcon- metre long tunnel arm to Kvitsøy, and facilitate operations and maintenance. sult expanded the scope of the assign- above-ground junctions and roads in This process has already resulted in a ment objectives to include sustainable the three municipalities. brand-new concept for the design of development under the “Rogfast Pluss” • The construction start for the main the tunnel cavity, along with improved project. The project is now intended to tunnel is scheduled for 2016, with technical solutions. The new design will provide a leading example of how to completion planned for 2024.

26 / annual report 2014

Luapula River Hydropower Project – Transmission System Study

The Copperbelt Energy Corporation An overall least-cost transmission grid (CEC) Plc, in liaison with Société development plan for evacuating the Facts about Nationale d’Electricité s.a.r.l (SNEL), power from the proposed power plants Luapula River Hydropower Project has been mandated by authorities in to the load centres in Katanga and the Zambia and the Democratic Republic Copperbelt was established, including • Five run-of-river projects: in Congo (DRC) to carry out bankable identification of in-feed to and required Mumbotuta Falls feasibility studies on the five potential reinforcement of local networks in the Mumbotuta Gorge Luapula Hydropower schemes; two in Luapula and Copperbelt Provinces of Mambilima Gorge the Mumbotuta Falls area, and three in Zambia and Katanga Province in DRC. Mambilima Upper Falls the Mambilima Falls area. Savings in other planned grid invest- Mambilima Lower Falls ments to supply the load centres were The potential hydropower sites at also evaluated. To ensure that viable • Combined output 700 MW: Mumbotuta and Mambilima on the solutions were selected and to limit any 200 km 220 kV transmission line to Luapula River are located in fairly negative impacts, a team with expertise Katanga Province DRC remote areas on the border between DR in transmission line planning and 100 km 220 kV transmission line to Congo and Zambia. Combined output construction and environmental and Copperbelt Province Zambia from these run-of-river projects is in the social issues worked together to arrive range of 700 MW (limited scheme). at acceptable solutions. Staged • Local supply Luapula Province development and potential Norconsult has been engaged by CEC implementation plans of both the • Activities: Extensive power system to carry out pre-feasibility power system transmission and hydropower schemes study, Line route corridors and studies for the grid integration of the were part of the comparisons and environmental scoping, proposed hydropower projects recommendation for the least-cost Cost estimates, Preliminary design, – specifically in the provinces of development plan. Economic least-cost optimisation Katanga (DRC), Luapula (Zambia) and the Copperbelt (Zambia).

annual report 2014/ 27

Greater Oslo Network Plan

The central network that ensures that This will safeguard the power supply to projects are planned in phases leading sufficient electrical energy reaches Oslo Oslo and Akershus for the foreseeable up to relevant decision points. While and its surroundings is old and overdue future. some stations are at an extremely early for refurbishment. Norconsult has been stage, others have reached a relatively commissioned to plan solutions for Environmental gains detailed pre-project phase. new stations and upgrading of existing The completed new network will not stations. Norconsult will also identify only be able to cater for significant solutions for new cable and line routes population growth, but will also be suit- between the stations. A new main able for conversion for increased use electricity network in Greater Oslo will of electricity in order to satisfy climate guarantee secure energy supplies into targets and reduce local pollution. In Facts about the Greater Oslo project: the future, and facilitate environmentally addition, current solutions for the cen- friendly solutions and urban develop- tral network currently tie up significant • Based on the premise that up to ment. areas. New solutions will involve the 1.5 million people could be living in removal of around 300 kilometres of Greater Oslo by 2030. Safe and future-proof energy supply lines, which will reduce the tied-up area, The network will have to be renewed including greenfield areas, by around 30 • The new electricity network will and strengthened in order to satisfy per cent. This will present opportunities involve the removal of around 300 tomorrow’s requirements regarding for new development of the released kilometres of lines, which could security of supply, urban development space, alongside major local environ- reduce the tied-up area by around and environmentally friendly solutions. mental gains. Long-term commitment 30 per cent and produce gains for Through the “Greater Oslo Network including integrated project implemen- nature and leisure activities. Plan”, Statnett has prepared an over- tation arching plan for future development • A capacity boost for the network of the region’s electricity network. The Integrated project implementation will facilitate major climate gains project involves planning and project Norconsult is working closely with Stat- through emission reductions. design of a voltage upgrade to 420 kW nett’s project organisation, and has ar- for the power supply to the city of Oslo. ranged an integrated project implemen- The central network will also be dimen- tation whereby Statnett will have offices sioned to cater for growth in demand in Norconsult’s premises. The current for electricity of up to 60 per cent. Once phase of the assignment is expected to the entire plan has been completed, run until around 2021, while the entire Greater Oslo’s security of supply will be Greater Oslo Network Plan project is on a par with that in other conurbations. expected to be completed by 2030. The

28 / annual report 2014

Cheves Hydropower Project in Peru

The Cheves Hydropower Project in Peru Demanding ground conditions has been under construction since the Cheves is located in a desert area 80 Facts about Cheves: end of 2010 and will enter commercial kilometres from the coast and 100 kilo- operation in 2015. metres north of Lima in Peru. • IInstalled capacity: 168 MW

Norconsult has been involved since The site is located 2,160 metres above • Annual production: 837 GWh the initial evaluations in the 1990s and sea level, surrounded by 4,000–6,000 is currently involved in the assign- metre high mountains that gather rain • Net head: 600 m ment completion. For Statkraft Peru, and snow. This results in an average Norconsult has been responsible for run-off of 22 cubic metres per second • Turbines: 2 vertical Pelton units feasibility studies and has participated in that is exploited in a net head of 600 the tender process. We have also been metres over a distance of 12 kilometres. • Transmission lines: 77 km (220 kV) responsible for project design of the construction work, approval and man- The assignment has proved challenging • Huaura transfer dam: 10 m high agement of contracts with subcontrac- for both Norconsult and Statkraft. tors, and supervision and control of the The Andes are young geologically, • Checras intake dam: 25 m high site construction. and the mountains are steep and high. There is a high risk of earthquakes and • Picunche regulation dam: 12 m high Construction management constant floods with high levels of sedi- in the Andes ments. All dams have foundations on • Huaura transmission tunnel: 2.5 km Norconsult has been on site with the loose soil that has required extensive project manager, construction manager, piling and injecting. The tunnel work • Operating tunnel: 9.9 km contract managers and a team of 70 has proved particularly demanding, with who have supervised the work. major rock stresses and everything from • Tailrace tunnel: 3.3 km Detailed project design of the site has solid stone to gas and coal. been performed by Norconsult offices • Tunnels, total: 20 km in Lima (Norconsult Peru), Santiago (Norconsult Andina) and at Norconsult’s • Subcontractors: head office in Sandvika. CCH Cheves (hochpies/salfacorp/ ICCGFA), ABB/Rainpower/Jeumont, Cemprotec, Abengoa

annual report 2014/ 29 Marked

BUILDINGS ENERGY ENVIRONMENT

Norconsult’s Buildings market area For more than 80 years, Norconsult has Norconsult possesses specialist caters for all types of buildings and helped to implement environmentally- expertise and is one of Norway’s constructions. friendly power construction and broadest interdisciplinary expertise reliable and accurate energy supply resource pools for the external We are constantly enhancing our across the entire globe. environment. expertise within project design of complex buildings, and in recent years We have participated in project design Our employees have extensive experi- we have also increasingly contributed and monitoring of a large percentage ence of the construction industry and expertise and consultancy within early of Norwegian hydropower produc- wide-ranging expertise in implementing project phases relating to handovers tion including associated transmission practical and efficient solutions. We also and operations. facilities. Over many years we have believe that employees with detailed developed our specialist services to best knowledge of administration and the Norconsult covers all disciplines within serve the interests of society and our regulations, standards and public consultancy and project design of clients. instructions in force at any one time newbuilds, installations and renovation play a critical role in delivering optimal assignments. Thanks to our interdisciplinary expertise, results for our public and private clients. we have a thorough and wide-ranging We also possess significant expertise understanding of the entire energy We offer bespoke products, wide- within technical integration, access system, all the way from production ranging and leading expertise within control and operation and maintenance via the transmission network to the the external environment, and local planning. This allows us to deliver an consumer. resources that can efficiently deliver end-to-end service offering in all phases environmental services the length and of an assignment. Our services cover everything from breadth of Norway. early-phase consultancy and feasibility Buildings is represented in the vast studies through procurement assis- Creative processes are a natural majority of Norconsult’s offices. This tance, detailed project design, envi- component of our work metho- enables us to service the entire coun- ronmental assessments, construction dology. We work creatively with clients try with local expertise and capacity. management, system testing and imple- (Co-Creation). Through this and our We also have interdisciplinary resource mentation to the operational phases dedicated programme for research and pools within the area of a large number including environmental follow-up, development we identify and establish of offices. measurements, analyses and revisions. new methods for the solutions of the future. We attach significant importance to securing and upgrading existing facilities and our expertise in individual com- ponents combined with knowledge of production stages through all phases Photo: Statoilbuilding at Fornebu makes us a preferred consultant.

30 / annual report 2014 RISK MANAGEMENT INDUSTRY OIL AND GAS

We have specialist expertise and We have helped a number of We are an independent supplier of experience of risk analyses and active industrial companies and made a engineering services within oil and gas. risk management of public and private valuable contribution to the realisation Our success is dependent on our players in many situations. of large investment and construction independence, our experienced projects. employees and our wide-ranging We are the largest Norwegian-owned specialist expertise. company that deals with all survey Over many years we have acquired requirements within risk management. wide-ranging knowledge of the We have many years’ experience of all industry’s processes, logistics and phases of assignments. Our employ- Our project design resource pool has various function requirements. Our ees possess expertise from the earli- the specialist expertise and interdisci- industry experience makes us an est feasibility studies, via planning and plinary experience required to be able to effective contributor in all phases of a design, tender work and construction assess risk in a wide range of projects. project, from conception to operation. management for all operations and maintenance. Our services include both Analysis of risk, vulnerability and dimen- Sound theoretical expertise combined offshore and onshore work in all project sioning of contingency planning are with solid practical experience enables phases. demanding interdisciplinary challenges. us to provide consultancy and project An independent assessment of unde- design for different industry businesses. Oil and gas projects demand a high sired incidents, threats and vulnerability degree of interdisciplinary collaboration, in our own business plays an important Our assignments cover all engineering- significant capacity and relevant experi- role in reducing risk. related disciplines and we have worked ence in the implementation of complex for clients within all relevant industrial projects involving a large number of We can help to reduce the business’s segments. We can offer each individual parties and tight deadlines. risk through a sound safety culture, industry client end-to-end services as management systems, expertise cultiva- required. A successfully implemented assignment tion, along with preventative measures requires experience, knowledge, and and contingency planning. interdisciplinary understanding in all phases. In addition, sound knowledge of the contract, and knowledge of plan- ning and construction are required.

We are not tied to specific producers, developers or subcontractors. We will always prepare the best solution for the client, without any influence from underlying strategic preferences or conflicts of interest.

annual report 2014/ 31 WATER TRANSPORT PLANNING

Our expertise guarantees a secure We have wide-ranging interdisciplinary Sustainable development for a rapidly water supply, environmentally-adapted expertise and many years’ experience of changing society. Norconsult offers an and efficient waste solutions that take planning and project design of trans- end-to-end, professionally competent account of future climate changes. port facilities in Norway and abroad. and committed planning resource pool.

Water is a vital resource that is essential We are a leading resource pool for We are social scientists, geographers, for life and development. Water resourc- planning and expertise within all trans- architects, landscape architects and en- es have to be exploited in a sustainable port-related areas. Our interdisciplinary gineers who wish to help to create flour- manner so that it is safeguarded for resource pool creates effective solutions ishing and vibrant towns and cities. We future generations. that are adapted to both the environ- have solid and relevant experience that ment and landscape. enables us to analyse, understand and Norconsult offers the largest consultan- shape physical surroundings, and help cy resource pool for water and sewage We have solid theoretical expertise and with smart, future-proof and sustainable in Norway. We specialise in delivering varied experience of planning assign- solutions both within overarching and high-quality technical solutions with ments and participation in many types of local planning. long lifetimes for pipe systems and treat- construction. Our employees can carry ment plants. out investigations, planning and project Our work approach facilitates inclusive design of end-to-end transport facilities. processes, dialogue and interplay. Ef- In built-up areas our employees have fective communication and involvement extensive experience of coordinating This wide-ranging experience enables us are the key to achieving high living and complex technical infrastructures such to work with everything from paths and housing standards and paving the way as water and sewage plants, cabling cycle ways to the largest assignments for city life and well-being. We attach systems, district heating/remote cooling such as motorways, railways, tramways, significant importance to offering the and waste extraction. harbours, airports and tunnels. right service at the right time, and go out of our way to deliver a good end-prod- We also have specialist expertise in blue/ Norconsult is nationally recognised uct focusing on presentation, and visual green values such as local surplus water within a series of categories in building and written communication. management, opening up of streams and construction. and natural cleaning of surplus water. Our interdisciplinary capabilities and geographic reach also make us flex- ible with regard to type of assignment, size and geographic location. We offer one of Norway’s leading and preferred expert resource pools within planning and urban development, which is used by both public and private clients all over Photo: Midgardsormen, Oslo kommune Photo: Høvik train station Norway.

32 / annual report 2014 You can read more about this on our new websites

ARCHITECTURE IT

We aim to create sound physical en- We have bundled our ICT solutions in Our website is intended to help vironments from a sustainable per- the subsidiary Norconsult Informas- reinforce the Norconsult brand spective. We are convinced that the jonssystemer (NoIS). key words for construction and the and promote us as an interna- environment of the future are ethi- NoIS is one of Norway’s largest soft- tional group. cal values, interplay, quality and the ware houses and develops, markets and environment. delivers end-to-end ICT solutions for project design, construction and man- In early summer 2014 Norconsult We comprise a large resource pool of agement of infrastructure and property. launched new websites at: designers and planners, who, together www.norconsult.no, with the wide scope of engineering The company is a leading supplier of www.norconsult.se and disciplines make up Norconsult’s software for geographical information www.norconsult.com. creative and innovative force. systems (GIS), net information systems Designers play a key role in the vast (NIS), management, operation and In order to align our profile with our majority of Norconsult’s assignments, maintenance (MOM), along with solu- cultural platform LiVE Norconsult, which provides us with a wide spec- tions for project administration, project we have also revamped our graphic trum of expertise, varied experience and management, cost analysis, structural profile. The new profile is now more solution-oriented employees. We work engineering, CAD, property fee adminis- contemporary and better suited to with major, complex assignments and tration and system deliveries. presenting the company as an in- insource special knowledge where novative, transparent and competent necessary. In interdisciplinary assign- Our solutions are bundled under a organisation. ments we often assume overarching common brand: ISY. The solutions have responsibility for project design more than 2,500 clients and more than Improved user-friendliness and management. 10,000 users in Norway. navigation make the contents more readily available for both clients and Our project design work is based on a prospective employees. holistic approach throughout the entire The websites are adapted to differ- process. Effective communication be- ent screen sizes and also function on tween users, consultants and authorities mobile phones and tablets. are essential for an effective planning process. We possess strong expertise in project design at all levels, from programming and feasibility studies to detailed project design and monitoring on the construction site and the role as responsible applicants. Photo: Sam Eyde Upper Secondary School

annual report 2014/ 33 OFFICES & ADDRESSES

Offices in Norway Gjøvik Kristiansand Mosjøen Studievegen 2, Henrik Wergelandsgate 27, Strandgata 24, 4612 Kristiansand 8656 Mosjøen Norconsult AS hovedkontor 2815 Gjøvik Tel. +47 38 60 34 60 Tel. +47 75 41 11 00 P.b. 626, 1303 Sandvika Tel. +47 61 13 03 30 Vestfjordgaten 4, Hamar Kristiansund 1338 Sandvika Namsos P.b. 433, 2303 Hamar P.b. 2195 Futura, Tel. +47 67 57 10 00, Havnegata 14, Torggata 22, 6502 Kristiansund Fax +47 67 54 45 76 7800 Namsos 2317 Hamar Industriveien 17, [email protected] Tel. +47 74 21 90 50 Tel. +47 62 02 52 00 6517 Kristiansund www.norconsult.no Tel. +47 71 58 88 88 Narvik Hammerfest Alta Teknologiveien 10, Brenneriveien 30, Lakselv P.b. 1010, 9503 Alta 8517 Narvik, 9600 Hammerfest P.b. 279, 9711 Lakselv Løkkeveien 4a, Tel. +47 76 96 78 60 Tel. +47 78 60 85 00 Kirkeveien 5, 9510 Alta 9700 Lakselv Odda Tlf. +47 78 45 70 70 Harstad Tel. +47 78 46 08 88 Eitrheim, Skoleveien 1, Askim 5750 Odda 9407 Harstad Larvik Trøgstadveien 4B, Tel. +47 53 64 70 88 Tel. +47 77 00 11 33 P.b. 35 - Fritzøe Brygge, 1807 Askim 3285 Larvik Otta Tel. +47 69 00 17 80 Haugesund Nedre Fritzøegate 2, Skansen 2E, P.b. 458, 5501 Haugesund 3264 Larvik Bergen 2670 Otta Smedasundet 66, Tel. +47 33 14 14 00 P.b.1199 - Sentrum, Tel. +47 40 10 16 66 5528 Haugesund 5811 Bergen Tel. +47 52 86 51 00 Levanger Valkendorfsgate 6, Os Okkenhaugvegen 4, 5012 Bergen Horten Brutippen 13, 7604 Levanger Tel. +47 55 37 55 00 P.b. 110, 3191 Horten 2550 Os i Østerdalen Tel. +47 74 08 55 80 Apotekergata 14, Tel. +47 62 49 76 01 Bodø 3187 Horten Lillehammer P.b 234, 8001 Bodø Tel. +47 33 02 04 10 Porsgrunn Elvegata 19, Konrad Klausens vei 8, Porselensvegen 20, 2609 Lillehammer 8003 Bodø Hønefoss 3920 Porsgrunn Tel. +47 61 22 79 00 Tel. +47 75 40 45 00 P.b. 258, 3502 Hønefoss Tel. +47 35 96 07 22

Fossveien 7/9, Lillestrøm Eidfjord 3510 Hønefoss Ski Parkalleen 10, P.b. 85, 5786 Eidfjord Tel. +47 32 10 99 60 Åsveien 3, 2000 Lillestrøm Lægreidsvegen 2, 1400 Ski Tel. +47 67 57 10 00 5783 Eidfjord Jessheim Tel. +47 67 57 10 00 Tel. +47 53 64 70 88 Storgata 3, Mandal 2050 Jessheim Skien (Technogarden) P.b. 216, 4503 Mandal Fauske Tel +47 67 57 10 00 Uniongata 18, Store Elvegate 35, Sjøgata 74, 3732 Skien 4514 Mandal 8200 Fauske Kirkenes Tel. +47 48 89 93 35 Tel. +47 41 57 80 00 Tel. +47 75 64 46 30/ Kielland Torkildsens gate 1, +47 95 93 75 49 9900 Kirkenes Sogndal Tel. +47 78 59 80 00 Mo i Rana Dalavegen 25, P.b. 237, 8601 Mo i Rana Fredrikstad 6856 Sogndal Halvor Heyerdahlsv. 4, Dikeveien 34, Kjøllefjord Tel. +47 57 62 79 00 8626 Mo i Rana 1661 Rolvsøy P.b. 128, 9790 Kjøllefjord Tel. +47 75 12 93 80 Tel. +47 69 00 30 00 Fiksekaia, Stavanger 9790 Kjøllefjord P.b. 130, 4065 Stavanger Molde Førde Tel. +47 78 59 80 00 Jåttåvågveien 18, Gotfred Lies plass 2, P.b. 514, 6803 Førde 4020 Stavanger 6413 Molde Firdavegen 6, Kongsberg (Technogarden) Tel. +47 51 90 53 00 Tel. +47 71 24 04 60 6800 Førde Tiedemannsgt. 4, Tel. +47 57 82 94 40 3616 Kongsberg Tel. +47 48 89 93 36

34 / annual report 2014 Steinkjer Subsidiaries in Norway Subsidiaries in Denmark PHILIPPINES Kongens gate 27, Norconsult Management 7713 Steinkjer Norconsult LNG AS Norconsult Danmark A/S Services (Phil), Inc. Tel. +47 74 13 41 80 P.b. 626, 1303 Sandvika Herlev Bygade 14, Tektite powers Vestfjordgaten 4, 2730 Herlev Pasig, Stjørdal 1338 Sandvika Tel. +45 44 88 20 00 1605 Metro Manila Kjøpmannsgata 12, Tel. +47 67 57 10 00 Tel. +63 2 635 3819, 7500 Stjørdal Wessberg A/S Fax +63 2 635 3820 Tel. +47 74 08 55 80 Norconsult Herlev Bygade 14, Informasjonssystemer AS 2730 Herlev SOUTH AFRICA Tromsø (NoIS) Tel. +45 44 88 20 00 Norconsult Africa (Pty) Ltd P.b. 228, P.b. 626, 1303 Sandvika The Business Centre, First Floor, 9253 Tromsø Kjørboveien 29, Subsidiaries outside the Office Suite 60, Sjøgata 39, 1337 Sandvika nordic countries 377 Rivonia Boulevard, Rivonia, 9008 Tromsø Tel. +47 67 57 10 00 2128 Johannesburg Tel. +47 77 66 70 80 CHILE Tel: +27 11 275 0502 | Technogarden Engineering Norconsult Andina S.A. Fax: +27 11 275 0275 Trondheim Resources AS Avenida Apoquindo 4700, Klæbuveien 127 B, Kjørboveien 29, piso 9, Las Condes, Norconsult Iyanda (Pty) Ltd 7031 Trondheim 1337 Sandvika Santiago de Chile Block A4, Clearview Office Park, Tel. +47 67 57 10 00 Tel. +47 67 57 10 00 Tel +56 2 2306 3800 77 Wilhelmina Avenue, Allen’s Nek, Roodepoort, Tønsberg Solem Arkitektur AS LAOS PDR Gauteng, 1709 Stensarmen 4, Erling Skakkes gate 49B, Norconsult (Laos) Co. Ltd. Suite 50, Postnet X1, 3112 Tønsberg 7012 Trondheim Souphanouvong Avenue, Florida Hills, Tel. +47 67 57 10 00 Tel. +47 73 53 70 70 B. Khounta, 1716 Johannesburg P.O. Box 9148, Vientiane Tel. +27 11 675 0303 Ulsteinvik Subsidiaries in Sweden Tel: +856 21 313 560 Vikemyra 1, THAILAND 6065 Ulsteinvik Norconsult AB MOZAMBIQUE NorCiv Engineering Co Ltd. Tel: +47 922 89 447 Theres Svenssons gata 11, Norconsult Mozambique Lda. 121/91 RS Tower, 32th floor, 417 55 Göteborg Caixa Postal 2722, Ratchadaphisek Road, Vadsø Box 8774, Av. Armando Tivane 1853, Din Daeng, Khet Din Daeng P.b. 50, 402 76 Göteborg Maputo Bangkok 10400 9811 Vadsø Tel. +46 31 50 70 00 Tel. +258 21 48 50 58, Tel. +662 642 2450-2, Tollbugata 7, Fax +258 21 48 50 57 Fax +662 248 6821 9800 Vadsø Norconsult Fältgeoteknik AB Tel. +47 78 59 80 05 Theres Svenssons gata 11, SCDC Consultoria em MALAYSIA 417 55 Göteborg Desenvolvimento Social, Lda NorPower Sdn Bhd Verdal Box 8774, Av. Armando Tivane 1853 1st Floor, Reddi Building, Neptunvegen 6, 402 76 Göteborg Caixa Postal 978, 393 Jalan Datuk Abang 7650 Verdal Tel. +46 31 50 70 00 Sommerschield, Maputo Abdul Rahim, Tel: +47 91 34 17 93 Tel. +258 21 48 50 58 / 9, 93450 Kuching, Technogarden Engineering Fax +258 21 48 50 57 Sarawak Ålesund Resources AB Tel: +60 8233 1600, Retirovegen 4, Theres Svenssons gata 11, PERU Fax: +60 8234 9600 6019 Ålesund 417 55 Göteborg Norconsult Perú S.A.C. Tel. +47 70 17 05 00 Tel. +46 735 14 10 00 Av. Juan de Arona No 151 of.304 San Isidro, Lima Årdal Norconsult Astando AB Tel: +51 1 422 2223 P.b. 149, Hantverkargatan 5K, 6881 Årdalstangen 112 21 Stockholm Meierigt 2, Tel. 0506-131 00 6885 Årdalstangen Tel. +47 67 57 10 00

annual report 2014/ 35 a.fønhus design 06 2015