OREANDA-NEWS. Following Statoil’s announcement that it will change to USD as presentation currency with effect as of first quarter 2016, selected historical financial data in USD have today been published.

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.