Annual Report ------------- Chairman’s Statement Statement by the Management and the Board of Directors Who Are We? Key Figures Main Events Outlook STRATEGY    Business Objectives and Strategy    Business Model    Bakkafrost’s History    The Value Chain    Group Structure    Operation Sites PERFORMANCE    Operational Review    Financial Review    Farming Segment    VAP Segment    FOF Segment    Business Review RISK    Risk and Risk Management GOVERNANCE    Corporate Governance    Health, Safety and the Environment    Shareholder Information    Directors’ Profiles    Group Management’s Profiles    Other Managers’ Profiles    Statement by the Management and the Board of Directors on the Annual Report    Independent Auditor’s Report CONTENS STATEMENTS AND NOTES    Consolidated Income Statement    Consolidated Statement of Comprehensive Income    Consolidated Statement of Financial Position    Consolidated Statement of Financial Position    Consolidated Cash Flow Statement    Consolidated Statement of Changes in Equity NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS    NOTES - SECTION 1 BASIS OF PREPARATION    NOTES - SECTION 2 RESULT FOR THE YEAR    NOTES - SECTION 3 ASSETS AND LIABILITIES    NOTES - SECTION 4 CAPITAL STRUCTURE AND FINANCING ITEMS    NOTES - SECTION 5 OTHER DISCLOSURE P/F BAKKAFROST - TABLE OF CONTENTS    P/F BAKKAFROST - Income Statement    P/F BAKKAFROST - Statement of Financial Position    P/F BAKKAFROST - Statement of Financial Position    P/F BAKKAFROST - Cash Flow Statement    P/F BAKKAFROST - Statement of Changes in Equity    P/F BAKKAFROST - Notes to the Financial Statements APPENDIX    Quarterly Financial Figures 2015-2016    Market Announcements Published in 2016    Financial Calendar for 2017    Glossary

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