Examples of Norwegian Kroner in a sentence
Innovation Norway made a loan to Miljobil Grenland AS repayable from May 2011 for $722 (4.0 million Norwegian Kroner).
The presentation currency is Norwegian Kroner (NOK), which is also the Company’s functional currency.
As consideration for the acquisition, the Company made cash payments of 55,576,560 Norwegian Kroner (“NOK”) (US$6,902,498) to the former shareholders of Kolos, issued 4,750,000 common shares, issued 1,250,000 warrants exercisable at C$1.24 for a period of five years and incurred cash transaction costs of$428,127 related to the acquisition.
The Group is exposed to exchange rate movements in the US Dollar and, to a lesser extent, the Canadian Dollar, the Euro and the Norwegian Kroner.
The Company also maintains working capital balances of Euros, Norwegian Kroner and Canadian Dollars.