Accounting consequences for the third quarter
(Thomson Reuters ONE) -
The structural changes related to Sapa Profiles and Building Systems, Borregaard
Chemicals and the shareholding in REC will have a significant impact on the
presentation of Orkla's consolidated financial statements. As of 30 September
2012, all of these areas will be presented as "Discontinued operations". This
means that the businesses mentioned will no longer be consolidated as
subsidiaries and associate, respectively, but will be presented as net aggregate
profit/loss after tax on the line for "Discontinued operations" in the income
statement. In the balance sheet, the discontinued operations will be presented
on two lines, one for assets and one for liabilities.
As regards the income statement with associated notes, both the income statement
for 2012 and comparative figures for 2011 will be restated. With regard to the
balance sheet and cash flow statement, only the figures for the period will be
restated. Restated historical figures for 2011 and 2012 will be made available
prior to the announcement of results for Q3.
Orkla ASA,
Oslo, 24 October, 2012
Contact:
Rune Helland, SVP Investor Relations
Tel: +47 22 54 44 11 / +47 97 71 32 50
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
[HUG#1651760]
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 195584
Anzahl Zeichen: 2012
contact information:
Town:
Oslo
Kategorie:
Business News
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"Accounting consequences for the third quarter"
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