Finanstilsynet has reviewed one matter in the financial statements of Statkraft AS that concerns the accounting treatment of power contracts with embedded foreign currency derivatives.
Statkraft separates embedded currency derivatives in Norwegian power supply contract entered into with customers with Norwegian kroner as their functional currency. These embedded derivatives are accounted for as separate derivatives in accordance with the principles in IFRS.
Finanstilsynet notes this for the record.
Please direct any queries to:
Head of Section Christian Falkenberg Kjøde, +47 22 93 99 46, mobile: +47 909 47 914.