PGS Board Approves IFRS Financial Statements

Source: www.gulfoilandgas.com 3/27/2009, Location: Europe

The Board of Directors of Petroleum Geo-Services ASA ('PGS' or the 'Company') has approved the 2008 annual financial statements prepared in accordance with International Financial Reporting Standards("IFRS").

The Company reported its IFRS unaudited 4th quarter and preliminary full year 2008 results on February 19, 2009. Compared to the preliminary results, the Board decided to increase the income tax expense by $6 million. This adjustment resulted in Net Income for 2008 being reduced from $423.4 million to $417.4 million. There were no other changes to the consolidated financial statements compared to those presented in the February earnings release.

The Company expects to submit the annual report to the Company's shareholders in the second half of April.


Trinidad and Tobago >>  5/24/2022 - Trinity, the independent E&P company focused on Trinidad and Tobago, announces its final results for the year ended 31 December 2021 ("the Period" or ...
Vietnam >>  5/24/2022 - Norsk Solar Vietnam has secured non-recourse project financing of up to USD 12 million from responsAbility Investments. Norsk Solar Vietnam is owned b...

Australia >>  5/23/2022 - Calima Energy Limited is pleased to advise on the following capital management program to be implemented.

Dividend
Calima is pleased...

United Kingdom >>  5/23/2022 - Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced that material landmark net revenues of...

United Kingdom >>  5/23/2022 - Chariot (CHAR), the African focused transitional energy company, is pleased to confirm that, further to the Company's announcements on 18 and 19 May 2...
Norway >>  5/20/2022 - Equinor announced on 9 February 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.20 for fourth quarter...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.