1. What name of this amount should I put in book accounting and how much is the company need to pay yearly?

To finance the purchase of the vessels, the company borrowed from slandsbanki in the amount of 1,500,000. The loan is indexed for 15 years with equal installments and bears 6% interest. The maturity date is 1 January each year and is the first maturity date in 2021. The basic index of the loan was 411 and at the end of the year the index stood at 421. Borrowing costs amounted to 1.5%.

2.Which part should I put in book accounting and how much is the company need to pay yearly?

1 March 2020, the company acquired a 20% share in the German shipping company Fiskeren. The purchase price was 50,000 euros. On the purchase date, the exchange rate of the euro against SK was 155 SK / Eur. Upon the acquisition, Fiske became an associate of the company. The German company's equity on the date of purchase amounted to 225,000 euros. The premium is goodwill. Fiske's profit in 2020 amounted to 25,000 euros. The average exchange rate for the year was 157 and the exchange rate at the end of the year was 163.

To hedge against exchange rate fluctuations, the company financed the purchase with a long-term loan in euros. The loan is for 10 years. It has a fixed interest rate of 2%. The exchange rate on the day of borrowing was 155. At the end of the year, the exchange rate was 163. The loan has equal installments and one installment is paid each year. The first due date is 1.3.2021.