12 consolidated annual accounts
12 consolidated annual accounts
Remuneration to the Auditors 2012 2011 Other Group Other Group (Amounts in 1 000) Visma AS companies Auditors Total Visma AS companies Auditors Total Audit services Other attestation services Tax services Other services Total
615 40 696 357 1 708
7 643 678 283 1 976 10 580
205 0 0 0 205
8 463 718 979 2 332 12 493
515 55 1 856 747 3 173
6 227 656 263 3 716 10 862
1 190 7 932 524 1 235 221 2 340 0 4 463 1 935 15 970
All fees are exclusive of VAT.
NOTE 18 - COMMITMENTS
VISMA AS - CONSOLIDATED
Operating lease commitments - Group as lessee The Group has entered into commercial leases on certain motor vehicles and IT machinery. These leases have an average duration of between 1 and 5 years with no renewal options included in the contracts. There are no restrictions placed upon the lessee by entering theses leases. In addition the Group has entered into commercial property leases related to the Group’s office buildings. These leases have remaining terms of between 1 and 10 years. As of 31.12.2012, 2 096 square meters in the headquarter in Skøyen is subleased, at a yearly value of MNOK 6.8 and 1122 square meters in the office in Bjørvika is subleased, at a yearly value of MNOK 3.1.
NOTE 17 - SECURED DEBT AND GUARANTEE LIABILITIES VISMA AS - CONSOLIDATED
Future minimum rentals payable under non-cancellable operating leases as at 31 December are as follows: (NOK 1 000)
Debtor Actual guarantee debtor
2012 2011
Creditor Type of guarantee Guarantee limit
AVisma Finland Holding OY Visma Services Oy KOY Kanavaranta 3 - 7, Kanavaranta lease of premises TEUR Visma AS Visma Software OY Kuntien Eläkevakuutus lease of premises TEUR Visma AS Visma Finland Holding OY Exillion Rel Estate I Ky, Helsinki lease of premises TEUR Visma AS Visma Lindhagen AB Remulus Svealand 2AB, Stockholm lease of premises TSEK Visma AS Visma Malmö AB AB Remulus Bassängkajen Malmö, Malmö lease of premises TSEK Visma AS Visma AS Barcode 112 AS, Oslo lease of premises TNOK Visma AS Active 24 Norway AS Dell AS, Oslo liability TNOK Visma AS Visma IT & Communications AS Dell AS, Oslo liability TNOK Visma Norge Holding AS Visma Norge Holding AS Fram Eiendom AS, Oslo lease of premises TNOK Visma Norge Holding AS Visma Software International AS Fredriksborg Eiendom AS, Fredrikstad lease of premises TNOK Visma Norge Holding AS Visma Services Norge AS Hans Gaarder Eiendom AS, Larvik lease of premises TNOK Visma Norge Holding AS Visma Services Norge AS Moengården AS, Eid lease of premises TNOK Visma Norge Holding AS Visma Services Norge AS Fjordpiren AS, Stavanger lease of premises TNOK Visma Norge Holding AS Visma Services Norge AS Havsutsikt AS, Mandal lease of premises TNOK Visma Norge Holding AS Visma Services Norge AS AS Thor Dahl, Sandefjord lease of premises TNOK Visma Norge Holding AS Visma IT & Communications AS Digiplex Rosenholm AS, Oslo lease of premises TNOK Visma Norge Holding AS Visma Collectors AS Kjeldsberg Sluppen ANS, Trondheim lease of premises TNOK Visma Norge Holding AS Visma Collectors AS Lade Offset Eiendom AS, Trondheim lease of premises TNOK Visma Norge Holding AS Visma Retail AS Fekjan 13 AS, Billingstad lease of premises TNOK Visma Norge Holding AS Visma Unique AS AS Thor Dahl, Sandefjord lease of premises TNOK Visma Norge Holding AS Visma Academy AS Oslo Kemnerkontor, Oslo liability TNOK Visma Danmark Holding A/S Visma Services Danmark A/S Ejendomsselskabet Mileparken 38 ApS, Odense lease of premises TDKK Total guarantees TNOK
32 138 25 238 182 602 90 216 45 233 1 000 15 000 68 136 1 205 286 156 3 530 382 388 880 2 071 7 711 257 522 139 415 4 510 711 883
Security is granted for loans as described in note 12 as follows:
Within one year After one year but no more than four years More than five years
372 311 1 116 934 664 810
327 883 1 028 650 455 000
Total lease expenses in 2012 amounted to TNOK 372 311.
NOTE 19 - INFORMATION ON CALCULATION OF EARNINGS PER SHARE visma as - CONSOLIDATED The calculation is based on the following information:
2012 2011
Majority’s share of the Group’s profit/loss for the year (NOK 1 000) Time-weighted average number of shares 31 December Earnings per share (NOK)
414 264 1.00 414 263 964
307 519 1.00 307 519 467
Effect of dilution: Share options - Time-weighted average number of shares 31.12 including options 1.00 Diluted earnings per share (NOK) 414 263 964
1.00 307 519 467
Earnings per share amounts are calculated by dividing net profit for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share amounts are calculated by dividing net profit for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year plus the effect of all dilutive potential ordinary shares.
Shares Visma AS has pledged shares in the respective national holding companies. The national holding companies have pledged it’s share holdings in subsidiaries. Refer to note 11 which describe the group structure. Bank accounts The group’s top level accounts in the cash pool system in Danske Bank, are pledged as security. Account receivables Pledges on account receivables are established in most countries. Operating assets Pledges on operating assets are established in most Norwegian companies. All securities granted will always be subject to local law.
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