GICS (Global Classification Standard) Oslo Børs
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
2018 Equinor Pensjon Årsberetning Og Regnskap Annual Report and Accounts
2018 Equinor pensjon Årsberetning og regnskap Annual report and accounts EQUINOR PENSJON - 2018 ÅRSRAPPORT 1 NØKKELTALL BELØP I MILLIONER KR 2018 2017 2016 2015 2014 Premieinntekter 1 864 1 688 1 289 2 445 3 060 Pensjonsutbetalinger 1 256 1 143 1 031 903 778 Totalresultat 215 729 348 291 543 Forvaltningskapital 67 346 69 623 65 103 66 746 65 964 Egenkapital 7 623 7 408 6 679 6 331 6 040 Verdijustert avkastning -1,8 % 7,8 % 3,7 % 4,3 % 7,6 % Antall pensjonister* 4 409 4 217 4 164 3 829 3 507 Aktive medlemmer * 4 589 4 992 5 102 5 797 19 515 Antall personer med fripoliser * 24 753 24 792 24 230 23 917 5 734 * Ansatte som hadde mer enn 15 år igjen til pensjonsalder ble 1.4.2015 overført til den nye innskuddspensjonsordningen. Det ble i forbindelse med overgangen utstedt fripoliser for opptjente rettigheter til ca 13.000 medlemmer. Pensjonsutbetalinger pr. kategori Aktive medlemmer mill NOK 1 200 20 000 1 000 15 000 800 600 10 000 400 5 000 200 0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Alder Uføre Ektefelle Barn STYRE OG ADMINISTRASJON Styre Styret består av åtte representanter, alle med personlig vara. Fire av representantene er utnevnt av medlemsbedriftene, tre av representantene er valgt av medlemmene og i tillegg er det en uavhengig representant. Medlemsbedriftenes Uavhengig representanter: representant: Hans Henrik Klouman, Ove Christian Norheim 1 styrets leder Geir Johan Husøy Daglig leder Siv Solem Solveig Åsland Marit Lunde 3 4 Medlemmenes representanter: Stig Erling Sandvik Oddvar Karlsen Jorunn Birkeland Medlembedriftene Uavhengige Medlemmene Nøkkeltall 3 Aktuarberetning 33 Styre og administrasjon 3 Revisjonsberetning 34 Styrets årsberetning 4 English version 37 Årsregnskap 7 INNHOLD EQUINOR PENSJON - 2018 ÅRSRAPPORT 3 STYRETS ÅRSBERETNING 2018 Om virksomheten som godt forberedt til å møte det nye kravet. -
Renewable Energy Risking Rights & Returns
` RENEWABLE ENERGY RISKING RIGHTS & RETURNS: An analysis of solar, bioenergy and geothermal companies’ human rights commitments SEPTEMBER 2018 CONTENTS CONTENTS Executive summary 1 Introduction 4 Analysis 6 1. Leaders and laggards 6 2. Public commitment to human rights 12 3. Commitment to community consultations 12 4. Access to remedy 14 5. Labour rights 16 6. Supply chain monitoring 17 Recommendations 19 Annex 21 Photo credit: Andreas Gücklhorn/Unsplash EXECUTIVE SUMMARY EXECUTIVE SUMMARY Key messages Renewable energy is key for our transition to a low-carbon economy, but companies’ human rights policies and practices are not yet strong enough to ensure this transition is both fast and fair. Evidence shows failure to respect human rights can result in project delays, legal procedures and costs for renewable energy companies, underlying the urgency to strengthen human rights due diligence. We cannot afford to slow the critical transition to renewable energy with these kinds of impediments. As renewable energy investments expand in countries with weak human rights pro- tections, investors must step up their engagement to ensure projects respect human rights. Renewable energy has experienced a fourfold bioenergy and geothermal industries, increase in investment in the past decade. echoing findings from ourprevious analysis of Starting at $88 billion in 2005, new wind and hydropower companies. investments hit $349 billion in 2015.1 This eye-catching rise in investments is a welcome Alongside the moral imperative, companies trend and reflects international commitments can also avoid significant legal risks, project to combatting climate change and providing delays and financial costs by introducing access to energy in the Paris climate rigorous human rights due diligence policies agreement and the Sustainable Development and processes. -
2626667.Pdf (1.837Mb)
BI Norwegian Business School - campus Oslo GRA 19703 Master Thesis Thesis Master of Science Evaluating the Predictive Power of Leading Indicators Used by Analysts to Predict the Stock Return for Norwegian Listed Companies Navn: Amanda Marit Ackerman Myhre Hadi Khaddaj Start: 15.01.2020 09.00 Finish: 01.09.2020 12.00 GRA 19703 0981324 0983760 Evaluating the Predictive Power of Leading Indicators Used by Analysts to Predict the Stock Return for Norwegian Listed Companies Supervisor: Ignacio Garcia de Olalla Lopez Programme: Master of Science in Business with Major in Accounting and Business Control Abstract This paper studies the predictive power of leading indicators used by interviewed analysts to predict the monthly excess stock returns for some of the most influential Norwegian companies listed on the Oslo Stock Exchange. The thesis primarily seeks to evaluate whether a multiple factor forecast model or a forecast combination model incorporating additional explanatory variables have the ability to outperform a five common factor (FCF) benchmark forecast model containing common factors for the Norwegian stock market. The in-sample and out-of- sample forecasting results indicate that a multiple factor forecast model fails to outperform the FCF benchmark model. Interestingly, a forecast combination model with additional explanatory variables for the Norwegian market is expected to outperform the FCF benchmark forecast model. GRA 19703 0981324 0983760 Acknowledgements This thesis was written as the final piece of assessment after five years at BI Norwegian Business School and marks the completion of the Master of Science in Business program. We would like to thank our supervisor Ignacio Garcia de Olalla Lopez for his help and guidance through this process. -
Appendix 1: Firm & Industry Data
Appendix 1: Firm & Industry Data NORWAY ROYAL SALMON Appendix 1.1: Diverse Information RegionRegion North (NRS Q4 North 2016 Report) – Troms Two new sites in a new area approved ° Lubben and Korsnes ° Improve possibilities for split of each generation to reduce biological risks ° Improve growth possibilities New hatchery – NRS Settefisk ° Purchased land in Karlsøy municipality, Troms ° Planned production capacity of 10 million smolts NORWAY ROYAL SALMON ° Construction starts when necessary approvals have been given, Region South estimated within 1,5 to 2 years Region South (NRS Q4 2016 Report) ° Provide NRS with predictable ° planningOperates with in theregards Haugesund to smolts area, both in Rogaland and Hordaland county ° Region South holds a total of 6 licenses ° Owned 100 % through NRS Feøy AS 8 ° One single MAB Zone ° Enables smoother and better utilization of MAB ° Harvesting at Espevær Laks 35 02 Position of salmon 2.8 Supply of farmed and wild salmonids Wild & Farmed Salmon, historical annual supply (Marine Harvest, 2017) 2 400 Wild Farmed 2 200 2 000 1 800 1 600 1 400 1 200 1 000 800 Thousand Thousand tonnes GWE 600 400 200 - 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 The general supply of seafood in the world is shifting more towards aquaculture as the supply from wild catch is stagnating in several regions and for many important species. Wild catch of salmonids is varying04 between 700Salmon 000 and 1 000 Supply000 tonnes GWE, whereas farmed salmonids are increasing. The first year the total supply of salmonids was dominated by farmed, was in 1999. -
Bakkafrost Annual Report 2013
Faroese Company Registration No.: 1724 BAKKAFROST ANNUAL REPORT 2013 WWW.BAKKAFROST.COM 1/119 / BAKKAFROST / ANNUAL REPORT 2013 2/119 / BAKKAFROST / ANNUAL REPORT 2013 TABLE OF CONTENTS Key Figures 4 Bakkafrost’s History 6 Group Structure 8 Operation Sites 10 Main Events 12 Chairman’s Statement 15 Statement by the Management and the Board of Directors 16 Business Review 34 Business Objectives and Strategy 48 Operation 50 Health, Safety and the Environment 54 Shareholder Information 57 Directors’ profiles 58 Group Management’s Profiles 60 Other Managers 62 Corporate Governance 65 Statement by the Management and the Board of Directors on the Annual Report 66 Independent Auditor’s Report 67 Bakkafrost Group Consolidated Financial Statements 68 P/F Bakkafrost - Financial Statements 109 3/119 / BAKKAFROST / ANNUAL REPORT 2013 2013 2,491 2012 1,855 2011 KEY FIGURES 1,321 2010 820 2009 Operating revenues 597 Mill. DKK 4/119 / BAKKAFROST / ANNUAL REPORT 2013 (DKK 1000) IFRS IFRS IFRS IFRS IFRS Income statement 2013 2012 2011 2010 2009 Operating revenues 2,491,081 1,855,544 1,321,092 820,212 596,565 Operational EBIT * 587,010 323,040 335,146 246,788 158,740 Operational EBITDA * 673,669 403,284 402,471 289,045 213,191 Earnings before interest and taxes (EBIT) 701,320 343,520 400,698 315,580 192,394 Earnings before taxes (EBT) 727,351 323,681 370,196 307,259 181,237 Net earnings 589,218 267,875 323,417 259,711 148,728 Earnings per share before fair value adjustment of biomass and provision for onerous contracts (DKK) 10.55 5.01 7.43 3.97 40.49 Earnings -
Storebrand Livsforsikring AS Annual Report 2011
Annual report 2011 Storebrand Livsforsikring AS ANNUAL REPORT 2011 2 | ANNUAL REPORT STOREBRAND LIVSFORSIKRING AS Contents Page 4 | Report of the board of directors Page 22 | Profit and loss account Page 24 | Statement of financial position Page 27 | Reconsiliation of change in equity Page 28 | Cash flow analysis Page 29 | Notes Page 114 | Actuary report Page 115 | Declaration by the members of the board and the CEO Page 116 | Audit report Page 118 | Control committee’s statement Page 119 | Board of representatives statement Page 120 | Terms and expressions ANNUAL REPORT STOREBRAND LIVSFORSIKRING AS | 3 ANNUAL REPORT 2011 Report of the board of directors Storebrand Livsforsikring primarily operates in Norway and its head office is in Lysaker Park in the Municipality of Bærum. Storebrand’s position as a leading player in the Nordic occupational pension market strengt- hened through 2011. In addition, several strategic and organisational adjustments were im- plemented in order to increase focus on the retail market. The reason for this initiative is the transition from defined benefit to defined contribution occupational pension schemes, where the individual employees have a greater involvement. Business relationships give the Group a strategic advantage in the relationships established with company employees. OUTLOOK Fusion of corporate and retail markets The shift from defined benefit to defined contribution occupational pension schemes has led to both risks and investment options being transferred from employer to employee. In addi- tion, the pensions reform will lead to lower future pension payments for many employees. In sum, this increases both the need and interest in pensions and private savings significantly. -
Annual Report
Annual Report 2018 2 Our vision Improving our future Our mission To deliver competitive and sustainable solar energy globally, to protect our environment and to improve quality of life through innovative integration of reliable technology Our values Predictable Working together Driving results Changemakers Scatec Solar ASA - Annual Report 2018 3 Contents Scatec Solar in brief 4 Value chain 6 Market development 7 CEO letter 8 Our people 10 Sustainability highlights 12 Report from the Board of Directors 15 Executive Management 34 Board of Directors 36 Consolidated financial statements Group 40 Notes to the Consolidated financial statements Group 46 Parent company financial statements 112 Notes to the parent company financial statements 116 Other definitions 137 Responsibility statement 138 Alternative Performance Measures 139 Appendix 142 Auditor’s report 144 4 Scatec Solar in brief Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. As a long-term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and has solid installation track record of more than 1 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine. With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by -
Plain Language in the Norwegian Financial Services
Plain Language Association International’s 11th conference Improving Customer Relationships September 21-23, 2017 University of Graz, Austria hosted by Klarsprache.at Copyright of this presentation belongs to the presenter www.plainlanguagenetwork.org Plain Language in the Norwegian financial sector Graz, 22nd September 2017 Gry Nergård, Consumer Policy Director www.finansnorge.no Introduction • Gry Nergård • Lawyer • Consumer Policy Director, Finance Norway • Former Norwegian Consumer Ombudsman www.finansnorge.no 3 Our members: • Finance Norway is the industry • Savings banks organisation for the financial • Commercial banks industry in Norway. • Life insurers • We represent about 240 financial • Non-life insurers companies with around 50,000 • Savings bank foundations employees. • Mortgage companies • Financial conglomerates • Other financial companies www.finansnorge.no Changes in the retirement pension system www.finansnorge.no The P-word www.finansnorge.no What is difficult? • Summer 2016: questionaire to 1000 consumers • Confirmed: • Economical terms are incomprehensible to most people. • In plain language: they are totaly not understandable! www.finansnorge.no Finance Norway’s Plain Language Project Main goals • Better information to consumers about retirement pension • Better choices – better pensions • Reduce capasity and costs in costumer relations • Better language culture in the companies • Reputation and trust www.finansnorge.no Working methode • Steering group • Working grpup • Bilateral cooperation between each company -
Valuation of Salmar ASA
Valuation of SalMar ASA Værdiansættelse af SalMar ASA Master Thesis Author: René Nicholas Kabel Laursen CPR number: xxxxxx-xxxx Date of submission: 15 October 2013 Copenhagen Business School 2013 M.Sc. Accounting, Strategy & Control Supervisor: Edward Vali Department of Accounting and Auditing Number of standard pages: 73,7 Number of characters: 167.825 1 Table of Contents Executive Summary.................................................................................................................................5 1. Introduction ........................................................................................................................................6 1.1. Research Question.......................................................................................................................6 1.2. Structure of the Thesis.................................................................................................................7 1.3. Methodology and Limitations......................................................................................................7 2. Introduction to Salmon Farming.........................................................................................................9 2.1. Salmon Farming Operations ........................................................................................................9 2.2. VAP Operations..........................................................................................................................11 3. SalMar and Peers ..............................................................................................................................11 -
The Annual Report 2002 Documents Telenor's Strong Position in the Norwegian Market, an Enhanced Capacity to Deliver in The
The Annual Report 2002 documents Telenor’s strong position in the Norwegian market, an enhanced capacity to deliver in the Nordic market and a developed position as an international mobile communications company. With its modern communications solutions, Telenor simplifies daily life for more than 15 million customers. TELENOR Telenor – internationalisation and growth 2 Positioned for growth – Interview with CEO Jon Fredrik Baksaas 6 Telenor in 2002 8 FINANCIAL REVIEW THE ANNUAL REPORT Operating and financial review and prospects 50 Directors’ Report 2002 10 Telenor’s Corporate Governance 18 Financial Statements Telenor’s Board of Directors 20 Statement of profit and loss – Telenor Group 72 Telenor’s Group Management 22 Balance sheet – Telenor Group 73 Cash flow statement – Telenor Group 74 VISION 24 Equity – Telenor Group 75 Accounting principles – Telenor Group 76 OPERATIONS Notes to the financial statements – Telenor Group 80 Activities and value creation 34 Accounts – Telenor ASA 120 Telenor Mobile 38 Auditor’s report 13 1 Telenor Networks 42 Statement from the corporate assembly of Telenor 13 1 Telenor Plus 44 Telenor Business Solutions 46 SHAREHOLDER INFORMATION Other activities 48 Shareholder information 134 MARKET INFORMATION 2002 2001 2000 1999 1998 MOBILE COMMUNICATION Norway Mobile subscriptions (NMT + GSM) (000s) 2,382 2,307 2,199 1,950 1,552 GSM subscriptions (000s) 2,330 2,237 2,056 1,735 1,260 – of which prepaid (000s) 1,115 1,027 911 732 316 Revenue per GSM subscription per month (ARPU)1) 346 340 338 341 366 Traffic minutes -
Scatec Solar ASA Prospectus 12 November 2020
Scatec Solar ASA – Prospectus Listing of up to 20,652,478 Private Placement Shares issued in connection with a Private Placement _______________________________ The information in this prospectus (the "Prospectus") relates to the listing on Oslo Børs by Scatec Solar ASA, ("Scatec Solar" or the "Company"), a public limited company incorporated under the laws of Norway (together with its consolidated subsidiaries, the "Scatec Solar Group") of 20,652,478 new shares in the Company (the "Private Placement"), each with a nominal value of NOK 0.025 (the "Private Placement Shares"), issued in a private placement directed towards Norwegian and international investors for gross proceeds of approximately NOK 4,750 million, issued at a subscription price of NOK 230 per share (the "Subscription Price"). 13,768,280 of the Private Placement Shares were issued on 21 October according to a board authorisation (the "New Shares"), and the remaining 6,884,198 will be issued according to a resolution by the General Meeting on 12 November 2020 (the "Borrowed Shares"). The Company's existing shares are listed on the Oslo Børs under the ticker code "SSO". Except where the context requires otherwise, references in this Prospectus to "Shares" will be deemed to include the existing Shares and the Private Placement Shares. All of the existing shares in the Company are, and the Private Placement Shares will be, registered in the VPS in book-entry form. All of the Shares rank pari passu with one another and each carry one vote. Investing in the Company's Shares involves a high degree of risk. See Section 2 "Risk factors" beginning on page 8 and Section 4 "General information". -
Notes to the Parent Company Financial Statements
Notes to the parent company financial statements Scatec Solar ASA - Annual Report 2019 111 Notes to the parent company financial statements Note 1 General information Scatec Solar ASA is incorporated and domiciled in Norway. solar photovoltaic (PV) power plants including project The address of its registered office is Askekroken 11, development, financing, construction, ownership, and NO-0277 OSLO, Norway. Scatec Solar was established on operation and maintenance. 2 February 2007. The Company is listed on the Oslo Stock Exchange. Scatec Solar ASA (“the Company”), its subsidiaries and investments in associated companies and joint ventures The consolidated financial statements for the full year 2019 (“the Group” or “Scatec Solar”) is a leading independent solar were authorised for issue in accordance with a resolution by power producer. The Company is pursuing an integrated the Board of Directors on 26 March 2020. business model across the complete lifecycle of utility-scale Note 2 Accounting principles Statement of compliance The financial statements of Scatec Solar ASA are prepared applicable on the transaction date. Non-monetary items in accordance with the Norwegian Accounting Act of 1998 that are measured at their fair value expressed in a foreign and Norwegian Generally Accepted Accounting Principles currency are translated using the exchange rate applicable on (NGAAP). the balance sheet date. Basis for preparation Revenues and cost of sales The financial statements have been prepared on a historical Scatec Solar ASA develops project rights that are the basis for cost basis. construction of solar PV plants. Revenues are partly derived from the sale of these project rights. These transactions Accounting estimates and judgements are primarily made with project companies which are under In preparing the financial statements, assumptions and the control of the Group.