Other current liabilities
Included in other current liabilities is an item of NOK 118.9 million to the Dutch bank FMO in connection with the acquisition of interests in the African Forestry Impact Fund held by Norfund at year-end.
Guarantees
As part of its activities, Norfund has issued 6 guarantees totalling NOK 108 million.. An annual assessment is made by the project manager of whether the guarantee is at risk of being invoked, and a proportional provision is made accordingly. As at 31.12.24, no allocation had accordingly been made for guarantee commitments.
Other commitments
In connection with the exit from SN Power AS, there are some latent guarantee commitments which have been notified, but not invoked, by Scatec ASA. It is uncertain whether the claims will be invoked, and in the event, whether they are justified. As the probability is not high, and the size of the claim is uncertain, no allocation has been made in the accounts for this commitment.
Through its activities, Norfund is from time to time involved in discussions and ongoing processes with local tax authorities. These may concern both tax claims and reimbursement claims. No grounds have been found for making a provision in the accounts as a result of these processes.