Artículo 2. Naturaleza El Programa Nacional de Lectura “Leamos Juntos” está dirigido a
4.3 Consideraciones finales
Amounts in MNOK
Avinor AS Avinor Group 2014 2013 2014 2013
Holiday allowance 184,0 238,6 295,0 281,5
Advance from customers 60,8 50,4 131,5 272,3
Wages and social security 49,5 89,6 116,4 103,5
Accruals 416,8 328,7 776,9 433,5
Intra-group liability 1 800,2 1 104,5 0,0 0,0
Other short-term liability 414,1 331,5 434,1 341,8
Total 2 925,4 2 143,3 1 753,9 1 432,6
29. CONTINGENCIES
Norwegian Defence: A cooperation agreement exists between Norwegian Defence and Avinor with corresponding local agree-
ments concerning sharing responsibilities and expenses forairports where both parties have activities. Ac- counts payment have been made on the basis of figures from 2004.
In 2007, Norwegian Defence initiated a renegotiation of the agreement. Based on a mandate from the Min- istry of Transportation and the Ministry of Defence a new agreement has been entered into. The agreement was approved by the government in February 2011, with effect from 1 January 2010. The agreement estab- lishes principles for the basis of allocation of investment- and operational expenses between the parties. The practical implementation of the agreement, including calculation of the cash-flow between the parties, has not been completed. There is therefore uncertainty attached to the economic consequences. The involved parties are in contact regarding the local agreements, and have as an ambition to reach an agreement during 2015.
ANNUAL REPORT 2014 85
In a letter dated 11 March 2009, the Attorney General concluded that Avinor shall pay Norwegian Defence compensation for the right to use land at Værnes (Trondheim airport) and Flesland (Bergen airport). A legal assessment shall be carried out to determine the value of the land at these airports. There is uncertainty
attached to the outcome.
The external environment:
The results from previous environmental investigations and risk assesments show contaminant distribu- tion of the environmental toxin PFOS from several airports. Thus, additional investigations, mainly in groundwater, surface water and biota, have been carried out 20 airports during 2013. Based on the results from these investigations, the risk assessments from 2012 will be revised and sent to the Norwegian Envi- ronment Agency for additional review.
The Norwegian Environment Agency has already instructed Oslo Airport Gardermoen to iniate remedia- tion within 1 August 2014. The measures have not yet been iniated. The reason for this is that the public procurment prochedures Oslo airport has to adhere to, are time-consuming, and the determination of the actual method of measures is complicated. Kristiansand airport has been instructed to draw up an action programme before 1st of April 2015. Likewise, Evenes airport has been given notice to draw up a similar pro- gramme. The Norwegian Environment Agency have not yet made an assessment of the necessary measures for the rest of the airports.. As the results have not yet been concluded, cost related to remediation are pres- ently associated with great uncertainties. See note 26.
Fighter plane base: The Storting has resolved that Bodø’s main air station shall be closed down, while Evenes will be the advanced base for fighter planes in the north. The government have decided that Evenes shall not be established as an advanced base before 2020. Bodø airport shall function as an advanced base after the close-down of Bodø main air station. This will be an intermediate solution until the new fighter planes are operational and have replaced the existing planes. Avinor shall take over the responsibility of the operation of Bodø airport from the 1st of August 2016. The takeover is being iniated, and will have financial conse- quences for Avinor with regard to future investments in property, plant and equipment and running operat-
ing expenses.
Approach services for Rygge, Sandefjord and Skien airports:
Avinor has demanded compensation for approach services rendered to Rygge, Sandefjord and Skien air- ports. The Norwegian Defence have paid for Rygge in accordance with existing agreements, but with the reservation that the compensation for civilian traffic have to be repaid if Sandefjord and Skien do not pay. Sandefjord and Skien airports contest the claim for payment on grounds of principle, as they claim that the demand for payment do not have a legal basis. They refuse to enter an agreement on voluntary basis. Legal action have been initiated. The legal proceedings are expected to start in the 2nd quarter of 2015.
86 AVINOR ANNUAL REPORT 2014 30. COMMITMENTS
Amounts in MNOK
The parent company and the group have contracted for capital expenditure not yet incurred at the end of the reporting period as follows:
Avinor AS Avinor Group 2014 2013 2014 2013
Property, plant and equipment 1 175,6 817,4 4 419,9 4 239,1
Total 1 175,6 817,4 4 419,9 4 239,1
31. RELATED-PARTY TRANSACTIONS
Amounts in MNOK
The Ministry of Transport and Communication
As the sole owner of Avinor AS the Norwegian State represented by the Ministry of Transport and Commu- nication (SD) is a related party.
SD has the principal authority regarding the structure of the airport network and the traffic charges. Any closing down of an airport or other material changes in the airport structure shall be presented to SD. The final decision is made by the Storting.
The charges regulation which decides the setting of air traffic charges shall be sanctioned by SD.
Group companies
Outstanding accounts between companies in the group:
Avinor AS at
31 December 2014 Avinor Oslo Oslo airport Avinors parker- Flesland Værnes Sola Hotel Hell Flysikring Airport Eiendom ingsselskap Eiendom Eiendom Eiendom Eiendom
AS AS AS AS AS AS AS AS Sum
Loans to group companies 0,0 5 971,3 0,0 0,0 0,0 0,0 0,0 0,0 5 971,3 Intra-group receivables 6,6 474,9 1,6 24,4 0,3 0,3 0,3 0,2 508,6 Total 6,6 6 446,2 1,6 24,4 0,3 0,3 0,3 0,2 6 479,9 Other short-term intra-group 312,0 1 085,0 89,8 75,3 78,6 55,1 88,0 16,4 1 800,2 Total 312,0 1 085,0 89,8 75,3 78,6 55,1 88,0 16,4 1 800,2 Avinor AS at 31 December 2013 Oslo Oslo airport Avinors park- Flesland Værnes Sola Hotel Hell Airport Eiendom eringsselskap Eiendom Eiendom Eiendom Eiendom
AS AS AS AS AS AS AS Sum
Loans to group companies 4 571,3 0,0 0,0 0,0 0,0 0,0 0,0 4 571,3 Intra-group receivables 545,5 51,2 14,6 0,0 0,0 0,0 0,2 611,5
Total 5 116,8 51,2 14,6 0,0 0,0 0,0 0,2 5 182,8
Other short-term intra-group
liability 704,9 140,6 30,1 84,9 52,6 75,8 15,6 1 104,5 Total 704,9 140,6 30,1 84,9 52,6 75,8 15,6 1 104,5
ANNUAL REPORT 2014 87 The subordinated loan capital of Oslo Airport AS amounts to MNOK 1371.3 at 31 December 2014. There are ordinarily no instalments on the loan. The interest on the loan is determined as the average of 12 months NIBOR at 15.02, 15.05, 15.08 and 15.11 each year. A margin of 1.5 percentage points is added. Loan from Avi- nor AS, financing the development of terminal 2 (T2) at Oslo Airport AS, amounts to MNOK 4,600 at 31 De- cember 2014. The interest on the loan is based on the borrowing rate of Avinor AS. There are no instalments on the loan. Avinor AS charges Oslo Airport AS a ground rent of MNOK 408.0.
32. EVENTS AFTER BALANCE SHEET DATE
The board has in a meeting on the 11th of February 2015 decided to put up for sale a hotel on Gardermoen (Oslo airport) for the purpose of strengthening the equity of the group, provided that a reasonable sale price is reached. The hotel will therefore, according to IFRS 5 be reclassified from non-current asset to cur- rent in the 1st quarter of 2015.
88 AVINOR ANNUAL REPORT 2014