Enclosed are the final annual accounts for Solvang ASA 2012. Compared to the preliminary annual accounts published the 27th of February 2012, there is a change in tax on ordinary result. Due to the groups total tax position, have the board decided to postpone entering the Norwegian tonnage tax system for the subsidiary Clipper Shipping AS. Preliminary annual accounts were based on the assumption that Clipper Shipping AS should enter the Norwegian tonnage tax system effective from 2012. The final annual accounts are based on ordinary Norwegian corporate taxation of Clipper Shipping AS. The change resulted in reduced tax on ordinary result from 10.6 mill as reported in the preliminary annual accounts to NOK 8.7 mill in final annual accounts. The change has also resulted in a deferred tax asset of NOK 3.4 mill on the balance sheet. In the preliminary accounts there was no deferred tax asset.
Stavanger 30.04.2013
Solvang ASA
