SBM OFFSHORE

SBM OFFSHORE

Annual Report 2024
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  • Business Environment
  • Governance
  • Sustainability Statement
  • Financial Information 2024
  • Additional Information
Home>Financial Information 2024>Consolidated Financial Statements>Accounting Principles>C. Other Material Accounting Policies
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  • 4.1 Financial Review
  • 4.2 Consolidated Financial Statements
    • 4.2.1 Consolidated Income Statement
    • 4.2.2 Consolidated Statement of Comprehensive Income
    • 4.2.3 Consolidated Statement of Financial Position
    • 4.2.4 Consolidated Statement of Changes in Equity
    • 4.2.5 Consolidated Cash Flow Statement
    • 4.2.6 General Information
    • 4.2.7 Accounting Principles
      • A. Accounting Framework
      • B. Critical Accounting Policies
      • C. Other Material Accounting Policies
        • (a) Distinction between current and non-current assets and liabilities
        • (b) Consolidation
        • (c) Non-derivative financial assets
        • (d) Borrowings (bank and other loans) and lease liabilities
        • (e) Foreign currency transactions and derivative financial instruments
        • (f) Provisions
        • (g) Property, plant and equipment
        • (h) Intangible assets
        • (i) Inventories
        • (j) Trade and other receivables
        • (k) Impairment of finance lease receivables
        • (l) Cash and cash equivalents
        • (m) Share capital
        • (n) Income tax
        • (o) Deferred tax
        • (p) Employee benefits
        • (q) Trade payables
  • 4.3 Notes to the Consolidated Financial Statements
  • 4.4 Company Financial Statements
  • 4.5 Notes to the Company Financial Statements
  • 4.6 Independent auditor’s report
  • 4.7 Other information
  • 4.8 Key Figures

C. Other Material Accounting Policies

The consolidated financial statements of the Company have been prepared on the historical cost basis, except for the revaluation of certain financial instruments.

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SBM OFFSHORE

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle

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