Number of production licenses

1) Research licences are time-limited with a duration of three years, from time of project start. The licences have zero purchase price, and therefore no depreciation. The R&D licence allocated to Lerøy Aurora in the table above legally belongs to Akvaplan Niva (third party), but is operated by Lerøy Aurora. The 3 R&D licences allocated to Lerøy Midt in the table above is attached to a specific project that ended in March 2021, and is therefore expiered from April 2021.

2) The teaching licences are considered time-limited with a duration of 10 years. The licences have zero purchase price, and therefore no depreciation. The teaching licence allocated to Lerøy Aurora in the table above legally belongs to Troms- og Finnmark Fylkeskommune (third party), but is operated by Lerøy Aurora.

3) Broodstock fish licences allocated on Lerøy Aurora in the table above legally belongs to Lerøy Midt AS (group company), but is operated by Lerøy Aurora. For a more detailed explanation of why farming licences are deemed to have an indefinite useful life and are therefore not subject to amortisation, please see item (X) in the note on accounting policies.

Innovation through special licenses

Lerøy Seafood Group operates several special production sites/licenses to assure innovation regarding sustainability.