Accounts on cash basis, SDFI
Appropriation accounts

Petoro has been given authority to post payments and disbursements for the SDFI against the open accounts with the Treasury. The open accounts comprise over/under calls of cash from the operating companies (difference between cash calls and settlements from operators), working capital, settlements from operators, VAT and open accounts with payment providers, etc. As regards other authorisations, please refer to the Allocation Letter for 2025 issued to Petoro from the Ministry of Trade, Industry and Fisheries.

Storting Proposition No. 24 S – “Amendments to the 2025 Fiscal Budget under the Ministry of Trade, Industry and Fisheries” also gave Petoro the specific authority to:

1. Exceed its appropriation in 2025 under Chapter 2440, Category 31, to purchase ownership interests in key gas infrastructure, in order to cover net disbursements when the transactions are completed.
2. Charge Chapter 5440 for external transaction-related expenses as a result of purchasing ownership interests in key gas infrastructure.

There will be no need to calculate a potential roll-over amount for next year, as the SDFI receives annual appropriations.

In accordance with the Ministry of Finance’s circular R‑115 on the preparation and presentation of the annual financial statements of government entities, including the requirement to disclose notes on commitments for future fiscal years, the entity shall provide a comprehensive overview of its significant contractual and financial obligations.

SDØE has no other significant commitments than those presented in the entity’s financial statements. Information regarding commitments is provided in the following notes:

• Note 15 – Decommissioning/removal
• Note 16 – Other long-term liabilities
• Note 17 – Other short-term liabilities
• Note 18 – Financial instruments and risk management
• Note 19 – Lease agreements/contractual commitments
• Note 20 – Other obligations Accounts on cash basis – SDFI