The market for oil and gas shows a significant decline, which poses a risk of reduced project activities for this sector. The market supporting social sciences and bio-environment is less affected by this change. For IRIS Forskningsinvest AS this situation can lead to more difficult access to funding for the development of commercialization activities.
Credit risk related to customers´ financial ability to fulfill their obligations has historically been low, and at year-end 2014 this risk is considered to be moderate.
Working capital has shown a positive trend in recent years, but is virtually unchanged in 2014. This must be seen in the context of increased payments to pension schemes due to provisions for longevity. The Board will continue its efforts to raise more capital from company operations as a basis for investments in laboratory equipment and facilities, and to further strengthen the company´s solidity.