Sale of Cool Carriers AB per 01.01.2001. H egh Galleon enters 17 year contract to Enron. Liner Service was delivered to new owner.
Marketable securities are in principle recorded at market values per end quarter.
The exception is approx. The USD strengthened through the quarter from NOK 8.85 to NOK 9.12, resulting in an unrealised loss on NOK denominated liquidity of USD 6 million. USD interest rates continued to fall, reducing interest expenses on mortgage debt. The sales gain was USD 13 million, after a USD 7 million reduction related to an adjustment to deferred tax. The liquidity effect was USD 20 million.