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Brunvoll Holding Group
DIRECTORS’ REPORT
2014
Results, Investments, Financing and Cash position
Revenue in the Group was NOK 827.4 million in 2014. Net income for the year was NOK 49.1 million.
Investments in the Group in 2014 totalled NOK 28.5 million. In addition, ongoing construction activities amounted to
NOK 39.2 million at the year-end.
The Group’s cash balances on 31 December 2014 amounted to NOK 141.6 million. The Group’s capacity for internal financing of
investments is good. The cash flow in the Group is positive.
On 31 December 2014, the Group’s current liabilities totalled 83.9% of the company’s total liabilities, compared with 96.4% on
31 December 2013. The company’s financial situation is good.
At the year-end, total assets amounted to NOK 916.7 million, compared with NOK 859.1 million on 31 December 2013.
The equity ratio on 31 December 2014 was 59.58%, compared with 60.75% on 31 December 2013.
Net Profit for the year and allocations
The Board proposes the following allocation of profit:
Distributed Dividend
24.840.000
Transferred to Other Equity
1.782.995
Total
26.622.995
Arthur Inge Brunvoll
Chairman of the Board
Tone Brunvoll
Deputy Chairwoman
Molde, 31 December 2014/10 April 2015
Trond Brunvoll
Board Member
Arnljot Brunvoll
Board Member
Karl Brunvoll
Board Member
Terje Dyrseth
Chief Executive Officer
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Annual Report 2014