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Annual Report

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Note 7 – Intangible assets and property plant and equipment<br />

Amounts in USD 1 000<br />

Intangible<br />

assets<br />

Machinery<br />

equipments<br />

Additions 207 207<br />

Depreciation -28 -28<br />

Balance as at 31 December 2007 179 179<br />

Total<br />

Acquisition cost at 31 December 2007 207 207<br />

Accumulated amortisation and depreciation -28 -28<br />

Balance as at 31 December 2007 179 179<br />

Additions 28 21 49<br />

Exchange differences -8 -37 -45<br />

Depreciation -7 -43 -50<br />

Balance as at 31 December 2008 13 -59 -46<br />

Acquisition cost at 31 December 2008 28 228 256<br />

Exchange differences -8 -37 -45<br />

Accumulated amortisation and depreciation -7 -71 -78<br />

Balance as at 31 December 2008 13 120 133<br />

Additions 48 187 235<br />

Exchange differences 19 5 24<br />

Accumulated amortisation and depreciation -16 -66 -82<br />

Balance as at 31 December 2009 65 245 310<br />

Depreciation rate: 20–30%<br />

Note 8 – Non-current receivables<br />

Amounts in USD 1 000 2009 2008<br />

Loan to subsidiaries (note 2) 68 794 357 989<br />

Other receivables 0 16<br />

Total non-current receivables 68 794 358 006<br />

The carrying amount of non-current receivables approximate their fair value. See group note 14.<br />

64 Marine Subsea <strong>Annual</strong> <strong>Report</strong> 2009

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