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Brunvoll Holding Group
DIRECTORS’ REPORT
2015
Nature of our Business
Brunvoll Holding AS is a pure holding company for the
subsidiaries Brunvoll AS, Brunvoll Årø AS, Brunvoll Strandgata
AS, Brunvoll Oppdal AS, Årøhagen EiendomAS, Høvdingbygget
Årø AS and Brødrene Brunvoll Motorfabrikk AS.
The Group develops, manufactures and markets thruster
systems with associated proprietary control systems through
its subsidiary Brunvoll AS, as well as leasing real property
in Årøhaugen 3 in Molde through the company Årøhagen
EiendomAS. The subsidiaries Brunvoll Årø AS and Brunvoll
Strandgata AS are real estate companies that lease property for
the Group’s other activities. Høvdingbygget Årø AS is currently
building a new administrative building to be leased to Brunvoll
AS. This will be completed in the spring of 2016.
The business is located in Molde. In addition, it is represented by
agents in 26 countries all over the world through agents.
Going concern
The financial statements for the year have been prepared on a
going concern basis. The basis for this assessment is that the
Group has a strong financial position and operates in a market
in which we are competitive in quality, price and service.
The Group’s financial position can be described as follows:
The Group has sound finances and liquidity. Its long-term
liabilities total NOK 79.6 million. Of this, long-term loans
amount to NOK 73.2 million. At year-end, the Group has a
construction loan of NOK 86.5 million classified as current
liabilities in the Balance Sheet.
Human Resources, Health, Safety and
the Environment
Human Resources
Brunvoll Holding AS has two employees.
On 31 December 2015, the Group had 305 employees as well as 28
apprentices, in total 333 full-time equivalents. This is at the same
level as in 2014. Of the Group’s 28 apprentices, 8 were enrolled in
the program termed TAF (“technical and general subjects”), in
which apprentices spend 4 years in training alternating between a
work-based setting and an upper secondary school.
Health
Brunvoll is audited by a third party certification body on a
yearly basis according the international standards OHSAS
18001 and ISO 14001.
Average sickness absence during the reporting year
amounted to 3.5 % of the total working hours in the Group,
compared with 3.6 % during the previous year. The short-
term absence was 0.8 % in 2015. The human resources
are vital for Brunvoll. The Group strives to achieve a good
and safe work environment through a clear HSE policy,
and we continuously carry out improvement measures. In
co-operation with the «Great Place to Work® Institute», the
Group carried out an employee survey for the second time
in the fall of 2015. An average improvement of approx. 10
%-units higher portion of employees with positive feedback
on the 58 declarations in the survey since 2014 is according
the Great Place to Work a significant improvement in one
year.
During the financial year, 9 injuries and accidents were
reported, of which 7 resulted in absence of more than 1 day.
This gives a TRI-rate (Total reportable injuries/100 employees)
of 2.73 versus 5.25 in 2014.
A thorough investigation have been performed on every
single incident to find the causes as well as measures to
prevent repeats. These investigation reports have all been
subject to review performed by the working environment
committee.
Environment
During 2015, the Group has maintained a clear focus on energy
efficiency.
Some hazardous waste is produced, but this is disposed of in
compliance with regulations.
During the fiscal year the following was sent for recycling:
Iron and metal: 667 tons (scrap iron, iron filings, NiAl, red
material and metal dust)
Hazardous waste: 28 tons (waste oil and cooling liquid)
and the following sent to external recipients for further processing:
Mixed waste: 80 tons (including paper)
Sorted waste: 89 tons
Slag, dust and sand: 24 tons
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Annual Report 2015