Annual Report 2019-2020

51 E F L I N G A N N U A L R E P O R T 2 0 1 9 – 2 0 2 0 15. OTHER FINANCIAL ASSETS (CONT.) 31.12.2019 31.12.2018 Other receivables Virk Endurhæfingarsjóður ..................................................................................................... 28,01 8,36 1 0 Other receivables ................................................................................................................... 23,308,769 35,144,006 51,327,130 35,144,006 Cash and cash equivalents The Company´s cash and cash equivalent consist of cash and bank balances. 31.12.2019 31.12.2018 Current account Landsbankinn hf. ............................................................................... 730,362,899 650,580,1 3 3 Currency account Landsbankinn hf. ......................................................................... 7,1 33,482 6,977,504 Current account Íslandsbanki hf. ....................................................................................... 1 1,1 78,562 8,9 17,320 Currency account Íslandsbanki hf. ................................................................................ 778,023 762,553 Current account Arion banki hf. ........................................................................................ 78,434,055 77,061,676 Cash in hand ................................................................................................................................ 40,000 40,000 827,927,02 1 744,339,1 8 6 16. EQUITY Revaluation Retained Total account earnings Equity 1.1.2018 .............................................................................................. 523,064,782 11,373,513,993 1 1,896,578,77 5 Fixed assets revaluation............................................................................... (24,92 1,597) 0 (24,92 1,597) Operating income ...................................................................................... 0 852,688,465 852,688,465 Equity 1.1.2019 ................................................................................................ 498,1 43,18 5 12,226,202,458 12,724,345,643 Fixed assets revaluation ............................................................................... (96,590,437) 0 (96,590,437) Operating income........................................................................................... 0 539,562,453 539,562,453 Equity 31.12.2019 ........................................................................................ 401,552,748 12,765,764,9 1 1 13,1 67,317,659 17. DEFERRED CAPITAL INCOME TAX 31.12.2019 31.12.2018 At beginning of year............................................................................................................... 158,91 8,828 193,896,503 Paid capital income tax during the year.................................................................... (79,680,464) (144,865,01 6) Changes in deferred capital income tax liability....................................................... 138,085,184 109,887,34 1 Balance at year end............................................................................................................... 217,323,548 158,91 8,828