StatoilHydro (OSE:STL; NYSE:STO) IFRS accounting effects in the
second quarter from change in functi

(Thomson Reuters ONE) - For the second quarter 2009, the reported "Net foreign exchange loss"in the "Net financial items" for the Group is expected to be NOK 0.1billion.Without the changes in functional currency, effective from 1 January2009, the reported "Net foreign exchange loss" in the "Net financialitems" for the Group would have been a "Net foreign exchange gain" ofapproximately NOK 3.6 billion in the second quarter 2009.The tax cost related to the NOK 3.6 billion is estimated to be NOK1.3billion, which will be reflected in the financial statement.In future quarters StatoilHydro will publish information on exchangeloss/gain on its websitehttp://www.statoilhydro.com/en/investorcentre prior to publishingthe result.For the second quarter 2009 StatoilHydro will supplement themanagement discussion and analysis (md&a) with a discussion ofadjusted earnings after tax.Contact persons:Investor Relations:Morten Sven Johannessen +47 909 34148 (cell)Investor Relations in the US:Geir Bjørnstad +1 203 978 6950 / +1 203 570 5757 (cell)This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 23.07.2009 - 08:08 Uhr
Sprache: Deutsch
News-ID 3884
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