Board Report 2010
Limited external financing in 2010 has reduced the activity level at GRID-Arendal by 20% when compared to 2009. Nevertheless, the Board is very pleased to report a positive financial result of NoK 1,212,044 in 2010. This amount will be added to the prior year’s equity, thereby creating a new balance of NoK 10,467,691. Due to three consecutive years with positive results the overall target of NoK 10,000,000 equity is achieved.