Page 231 - Sigmaroc Annual-Report 2023

19. INVESTMENT IN EQUITY ACCOUNTED ASSOCIATES & JOINT VENTURES
Nordkalk has a joint venture agreement with Franzefoss Minerals AS, managing a lime kiln located in Norway which was entered into on 5 August 2004.
The Group entered into a joint venture agreement partnering with Arcelor Mittal, to invest in green quicklime and dolime production in Dunkirk, which was entered into on 11 September 2022.
The Group has one non-material local associate in Pargas, Pargas Hyreshus Ab.
31 December 2023 £’000
605
31 December 2022 £’000
231
Interests in associates Interest in joint venture
Name
NorFraKalk AS
AMeLi Green Lime Solutions
Proportion of ownership interest held
576 5,942 6,518
50% -
8,815
7,338 (3,388) (1,872) 10,893
20,055 1,602
6,448
7,053
Country of incorporation
Norway
France
31 December 2023 31 December 2022
50%
47.5%
Summarised financial information NorFraKalk AS - Cost and net book value Current assets
Non-current assets
Current liabilities
Non-current liabilities
Revenues
Profit after tax from continuing operations
31 December 2023 £’000
31 December 2022 £’000
7,735
10,078
(2,739)
(4,651)
10,423
For the period 1 January 2023 to 31 December 2023 £’000
For the period 1 September 2022 to 31 December 2022 £’000
15,903
1,372