Review of financial reporting - Statkraft AS
News
Published: 4 July 2016
Last published: 22 March 2019
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.
Attachment
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.
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