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Annual Report 2023

Note 43 Equity

The statement of changes in equity is included in the consolidated financial statements.

Annual Report 2023

Note 44 Long-term liabilities

These loans have been made available by shareholders. They are subordinated to all other liabilities.

Annual Report 2023

Note 45 Lease liabilities

Lease liabilities as at year-end 2023 were as follows:

Annual Report 2023

Note 46 Deferred income

Deferred income relates to investment grants. The associated amortisation periods are the same as the depreciation periods of the assets in question.

Annual Report 2023

Note 47 Provisions

The long-service benefits scheme covers long-service benefits payable on attaining 25 and 40 years of service. Employees born before 1 January 1963 retain the entitlement to a benefit after retiring.

Annual Report 2023

Note 48 Current and accrued liabilities

The short-term liabilities, accruals and deferred income relate to trade payables, taxes payable and the other short-term liabilities.

Annual Report 2023

Note 49 Contingent assets and liabilities

Please refer to note 45 in the notes to the company financial statements for details of lease liabilities.

Annual Report 2023

Note 5 Investments in associates and joint ventures

The investments in 2022 relate to payments of share premium.

Annual Report 2023

Note 50 Operating income

The other income chiefly relates to group-wide activities at holding company level.

Annual Report 2023

Note 51 Costs of subcontracted work and other external expense

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