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NOTES
BRUNVOLL HOLDING AS / BRUNVOLL HOLDING GROUP
Notes
Note 14 - Cash flow hedges
The Group has entered into cash flow hedges resulting in net sales of currency against Norwegian kroner, which are
distributed as follows by currency and quarter:
Outstanding forward contracts at 31 December 2014
Currency Currency
amount
Q1 2015
EUR
6 000 000
Q2 2015
EUR
4 850 000
Q2 2015
USD
3 000 000
Q3 2015
EUR
4 500 000
Q4 2015
EUR
4 800 000
Q1 2016
EUR
3 900 000
Q2 2016
EUR
3 200 000
Q3 2016
EUR
3 300 000
Q4 2016
EUR
3 550 000
The fair value of these hedges is not recognized, but at 31 December 2014 there was an unrealized loss of
NOK 3 000 407 for hedges that mature in 2015 and NOK 1 944 135 for hedges that mature in 2016.
Note 1 4 - Cash flow hedges
The ro p as e tere i t c s fl hedges resulting in net sales of currency against Norwegian kroner,
which are distributed as follows by currency and quarter:
i g forward contracts a 31 December 2014
The fair value of these hedges is not recognized, but at 31 December 2014 there was an unrealized loss of
NOK 3 000 407 for hedges that mature in 2015 and NOK 1 944 135 for hedges that mature in 2016.
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Annual Report 2014