Petoro - a driving force on the Norwegian continental shelf

SDFI and Petoro annual report 2016

Accounts on cash basis, SDFI

Appropriation accounts

 
 
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Presentation of appropriation accounts reporting 31 Dec. 2016
Expenses chapter

Chapter name

Item

Item text

Total allocation

2016 accounts

Overspend (-) and underspend

2440

Expenses

30

Investments

28 000 000 000

27 815 084 217

184 915 783

5440

Expenses

24.02

Operating expenses

31 000 000 000

31 160 202 285

(160 202 285)

5440

Expenses

24.03

Exploration and field development expenses

2 500 000 000

2 478 008 890

21 991 110

5440

Expenses

24.04

Depreciation

23 500 000 000

23 276 647 734

223 352 266

5440

Expenses

24.05

Interest

3 900 000 000

3 805 803 940

94 196 060

Total expensed

 

 

88 900 000 000

93 935 715 925

-

 
Expenses chapter

Chapter name

Item

Item text

Total allocation

2016 accounts

Excess revenue and lower revenue (-)

5440

Revenue

24.01

Operating revenue

124 400 000 000

127 908 603 522

3 508 603 522

5440

Expenses

30

Depreciation

23 500 000 000

23 276 647 734

(223 352 266)

5440

Expenses

80

Interest on fixed capital

3 900 000 000

3 819 818 714

(80 181 286)

5440

Expenses

85

Interest on open accounts

0

(14 014 774)

(14 014 774)

Total recognised

 

 

151 800 000 000

154 991 055 196

-

5440

 

24

Operating profit

63 500 000 000

67 187 940 673

3 687 940 673

Net reported to appropriation accounts

 

(66 455 308 130)

 



 
Capital accounts

0677.03.04693

Settlement account Norges Bank - paid in

119 545 783 889

 

0677.03.08710

Settlement account Norges Bank - paid in

17 506 196 547

 

0677.04.05015

Settlement account Norges Bank – disbursed

(71 154 814 696)

 

 

Change in open accounts 2016

558 142 390

 

Total recognised

0

 



 
Holdings reported to the capital accounts (31 Dec)

 

Account

2016

2015

Change

 

Open accounts with the Treasury

(3 227 328 534)

(2 669 186 144)

558 142 390



 

Comment on change in open account from 2015 to 2016
The change is mainly due to higher advance payments and reduced working capital in the licenses.

Note A Explanation of total allocation

 

Chapter and item

Transferred from last year

Year's allocations

Total allocation

2440.30

 

28 000 000 000

28 000 000 000

5440.24.02

 

31 000 000 000

31 000 000 000

5440.24.03

 

2 500 000 000

2 500 000 000

5440.24.04

 

23 500 000 000

23 500 000 000

5440.24.05

 

3 900 000 000

3 900 000 000

5440.24.01

 

124 400 000 000

124 400 000 000

5440.30

 

23 500 000 000

23 500 000 000

5440.80

 

3 900 000 000

3 900 000 000

5440.85

 

0

0

5440.24

 

63 500 000 000

63 500 000 000


Note B Explanation for authorisations used and calculation of possible amount to be transferred to next year

Not relevant for the SDFI, which receives estimated appropriations.