Statkraft AS is a Norwegian limited company, established and domiciled in Norway. Statkraft AS is wholly owned by Statkraft SF, which in turn is wholly owned by the Norwegian state, through the Ministry of Trade, Industry and Fisheries.
The table presents the consolidated financial key figures for Statkraft AS for 2010 to 2014. The figures have been adjusted for unrealised changes in value and significant non-recurring. The financial statements for 2012 have been restated following the change of accounting policies. For 2011, only the balance sheet figures have been restated.
Statkraft’s consolidated financial statements for 2014 have been prepared in accordance with International Financial Reporting Standards (IFRS) as approved by the EU. The Group has listed debt instruments and is therefore required to report its consolidated accounts in accordance with IFRS.
The financial statements for the parent company have been prepared in accordance with the Norwegian Accounting Act and generally accepted accounting principles in Norway (Norwegian GAAP).
We have a system for internal control over financial reporting which aims to contribute to reliable and timely financial reporting in Statkraft's monthly, quarterly and annual reports. We base the work on internal control over financial reporting on the COSO framework for internal control, published by the Committee of Sponsoring Organizations of the Treadway Commission.