TANDBERG — 2005 Annual Report

NOTE 13
COMMITMENTS AND CONTINGENCIES

OPERATING LEASE COMMITMENTS The Group has entered into commercial leases on certain items where it is not in the best interest of the Group to purchase these assets. The leases have an average life of 1.5 years. No option for renewals exist. Future minimum rental payable are minimal as these lease contracts for office equipment such as copiers and printers.

RENTAL COMMITMENTS The Group has entered into several rental agreements for office and warehouse locations. The rental terms of these contracts varies from 1 to 8 years.

Future minimum rental payable on the rental contracts as of 31 December 2005 are as follows:


			REAL PRODUCTIVITY FINANCIAL HIGHLIGHTS A LETTER FROM THE CEO REPORT OF THE BOARD OF DIRECTORS CONSOLIDATED INCOME STATEMENT CONSOLIDATED BALANCE SHEET CONSOLIDATED CASH FLOW STATEMENT CONSOLIDATED STATEMENT OF CHANGES IN EQUITY		NOTES 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 INCOME STATEMENT - TANDBERG asa BALANCE SHEET - TANDBERG asa CASH FLOW - TANDBERG asa NOTES - TANDBERG asa AUDITOR'S REPORT 2005 CORPORATE GOVERNANCE
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			NOTE 13 COMMITMENTS AND CONTINGENCIES OPERATING LEASE COMMITMENTS The Group has entered into commercial leases on certain items where it is not in the best interest of the Group to purchase these assets. The leases have an average life of 1.5 years. No option for renewals exist. Future minimum rental payable are minimal as these lease contracts for office equipment such as copiers and printers. RENTAL COMMITMENTS The Group has entered into several rental agreements for office and warehouse locations. The rental terms of these contracts varies from 1 to 8 years. Future minimum rental payable on the rental contracts as of 31 December 2005 are as follows:


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