The Company

Financial Strategy

Fjordkraft's requirement for working capital is covered by an overdraft facility with DNB of 1,000 MNOK.  The overdraft is subject to market conditions including covenants requirement that the group's equity shall be minimum 350 MNOK. In addition DNB has security in trade receivables limited upwards to the size of the engagement. The working capital requirement may vary significantly throughout a year and between years as a consequence of variations in the price of electricity and power consumption.

Fjordkraft's long-term capital requirement is covered by either non-current liabilities or equity.