Annual report
Year end NOK 1000
Note
2019
2018
EQUITY AND LIABILITIES Equity Share capital
5.4
399,425
399,425
Share premium
5.4
21,151,241
21,151,241
Other equity
5.4
Total equity
560,348
0
22,111,014
21,550,666
Non-current liabilities Interest-bearing loans and borrowings
5.1
40,462,433
5,337,859
Deferred tax liabilities
6.1
16,722,022
15,546,559
Non-current abandonment obligation
4.2
29,623,036
18,768,035
Pension liability
2.5
226,559
260,713
Other non-current liabilities
4.1
886,522
733,489
87,920,572
40,646,655
Total non-current liabilities Current liabilities Current abandonment obligation
4.2
882,192
436,000
Accounts payables
7.1
2,225,712
1,809,479
Taxes payable
6.1
10,110,920
889,776
Current interest-bearing loans
5.1
1,796,132
298,957
Accrued dividend
5.4
1,800,000
14,770,399
Other current liabilities
5.2
6,656,284
1,777,190
Total current liabilities
23,471,240
19,981,800
Total liabilities
111,391,812
60,628,456
133,502,825
82,179,122
TOTAL EQUITY AND LIABILITIES
(1) Includes figures from underlying assets from business combination with ExxonMobil Exploration and Production Norway AS completed in December 2019 (2) Balance sheet for 2018 includes activities of Eni Norge AS and Point Resources AS following business combination and merger with Point Resources AS at the end of 2018.
Sandnes, 24 March 2020
Philip D. Hemmens Chairman
Tor Espedal Board member
Stefano Maione Board member
Alessandro Puliti Board member
Massimo Mondazzi Board member
Grete Myklebust Board member
Fay-RenĂŠe F. Nilsen Board member
Judith R. Solland Board member
Kristin F. Kragseth Chief Executive Officer
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