Klik venligst
danmarks-rederiforening.gif

DONG divestment of Oil & Gas this year

DONG divestment of Oil & Gas this year

21-01-2017 10:00:00


In connection with the interim report for the first nine months of 2016, DONG Energy announced the launch of a process intended to ultimately divest its operations in exploration and production of oil and gas. Now the company claims the sale will take place in 2017.

"The activities are expected to be sold before the end of 2017, meaning that the Oil & Gas segment is presented as a discontinued operation in the financial statements for 2016. This means that the net profit and cash flows for the Oil & Gas segment are presented separately from the continuing operations of the Group and that balance sheets are presented as assets held for sale", DONG Energy wrote in a stock exchange announcement.

The consolidated sales, EBITDA, profit before tax and profit after tax as reported in the annual report for 2016 will include only continuing operations. Profit after tax from discontinued operations will be presented on a single line after net profit from continuing operations. The same applies to the cash flow statement.

Income statement and cash flow statement for previously presented accounts will be adapted to the changed presentation. The balance of previously submitted financial statements will not, however, be changed.
The presentation follows the rules of IFRS 5. Simultaneously with this communication there will be made datasheets with historic, customized accounts for 2012-2015 on the company website.

Source: DONG Energy / Maritime Denmark


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Siemens Gamesa fires 600 in Denmark
- Esbjerg company wins order from Ørsted
- Danish offshore wind campaign in the USA
- Esvagt is successful with new SOV vessels
- European cooperation on turbine wings
- Ørsted is already approaching 2025 goals
- PTC proposals affect Vestas shares
- Pension companies buy half of Ørsted park
- The world's longest submarine cable
- DONG's name change to Ørsted adopted
- Denmark and the US in offshore wind coop
- Kriegers Flak seeking accommodation unit


Todays Top 5

- Danish Shipping adjusts organization
- Nordseth new chairman of EMSA


This weeks Top 10

- NSSLGlobal all-in-one cellular/VSAT solution
- Danish Maritime Days meeting on 5 Dec.
- Rental costs Kalundborg Harbor 253 million DKK
- Siemens Gamesa fires 600 in Denmark
- Autonomous ships are already a reality
- New portal shows marine data with a click
- Danish focus on autonomous shipping
- Globalization challenges the Blue Denmark
- Recruitment: Maritime industry is too negative
- Danish Shipping adjusts organization
Klik venligst
Klik venligst
Klik venligst