Statoil's selected historical financial data in USD published

Published by Louise Mulhall, Editorial Assistant
Oilfield Technology, Friday, 27 November 2015 12:45

The data published cover the following data for last seven quarters up to third quarter 2015:

Consolidated income statement, balance sheet and statement of cash flow.

Key IFRS and adjusted earnings data on both group and segment level.

The change in presentation currency will be accounted for as a change in accounting policy as of first quarter 2016 with retrospective application, meaning that historical periods will be restated from NOK to USD.

The fourth quarter and annual consolidated financial statements for 2015 will still be based on NOK as presentation currency.

Adapted from a press release by Louise Mulhall

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/27112015/selected-historical-financial-data-in-usd-published/

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