Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2023-01-01 to 2023-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] | — |
| Description of accounting policy for business combinations [text block] |
The purchase method of accounting is applied for business combinations. The cost of the acquisition is measured as the
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| Description of accounting policy for business combinations and goodwill [text block] |
2.4.3 Business combinations and goodwill
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| Description of accounting policy for decommissioning, restoration and rehabilitation provisions [text block] |
2.4.9 Asset retirement obligation
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| Description of accounting policy for deferred income tax [text block] |
Deferred tax
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| Description of accounting policy for depreciation expense [text block] |
Depreciation/amortisation
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| Description of accounting policy for derecognition of financial instruments [text block] |
The group derecognises financial assets when the
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| Description of accounting policy for derivative financial instruments [text block] |
2.4.5.1 Derivative financial instruments and hedge accounting
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| Description of accounting policy for determining components of cash and cash equivalents [text block] |
Cash equivalents
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| Description of accounting policy for fair value measurement [text block] |
2.4.7 Fair value measurement and hierarchy
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| Description of accounting policy for financial assets [text block] |
2.4.5.2 Financial assets
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| Description of accounting policy for financial instruments [text block] |
2.4.5 Financial instruments
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| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Financial assets measured at fair value through profit or loss
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| Description of accounting policy for financial liabilities [text block] |
2.4.5.3 Financial liabilities
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| Description of accounting policy for foreign currency translation [text block] |
2.4.2 Foreign Currency translation
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| Description of accounting policy for functional currency [text block] |
The consolidated financial statements are presented in USD, which is the functional currency of Panoro Energy ASA. The
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| Description of accounting policy for impairment of assets [text block] |
Impairment
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| Description of accounting policy for impairment of financial assets [text block] |
Impairment of financial assets measured at amortised cost
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| Description of accounting policy for income tax [text block] |
2.4.10 Income tax
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| Description of accounting policy for measuring inventories [text block] |
2.4.14 Inventories
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| Description of accounting policy for intangible assets other than goodwill [text block] |
2.4.4 License interests, exploration and evaluation assets, and field investments, and depreciation
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| Description of accounting policy for interest income and expense [text block] |
Interest income and financial instruments measured at amortised cost
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| Description of accounting policy for investment in associates [text block] |
Note 2.4:
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| Description of accounting policy for investment in associates and joint ventures [text block] |
2.4.1 Interests in associated companies and joint arrangements
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| Description of accounting policy for investments in joint ventures [text block] |
Joint operations
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| Description of accounting policy for oil and gas assets [text block] |
Farm-outs
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| Description of accounting policy for property, plant and equipment [text block] |
Development tangible and intangible assets
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| Description of accounting policy for provisions [text block] |
2.4.8 Provisions
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| Description of accounting policy for recognition of revenue [text block] |
2.4.11 Revenue recognition
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| Description of accounting policy for restricted cash and cash equivalents [text block] |
Cash held for Bank guarantee - restricted
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| Description of accounting policy for share-based payment transactions [text block] |
2.4.16 Share-based payment transactions
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| Description of accounting policy for subsidiaries [text block] |
NOTE 2: BASIS OF PREPARATION
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| Description of accounting policy for taxes other than income tax [text block] |
Sales tax
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| Description of accounting policy for transactions with non-controlling interests [text block] |
Non-
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