Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2022-01-01 to 2022-12-31 |
|---|---|
| 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 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] |
2.4.13 Property, plant and equipment
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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 determining components of cash and cash equivalents [text block] |
Cash equivalents
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| Description of accounting policy for discontinued operations [text block] |
A disposal group qualifies as discontinued operation if it is:
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| Description of accounting policy for employee benefits [text block] |
2.4.15 Defined contribution pension plan
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| Description of accounting policy for exploration and evaluation expenditures [text block] |
The Group applies the ‘successful efforts’ method of accounting for Exploration and Evaluation (‘E&E’) costs, in accordance
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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] |
2.4.6.2 Financial assets
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| Description of accounting policy for financial instruments [text block] |
2.4.6 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] |
2.4.6.3 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 hedging [text block] |
2.4.6.1 Derivative financial instruments and hedge accounting
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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 impairment of non-financial assets [text block] |
Impairment
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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 leases [text block] |
2.4.12 Leases
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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 non-current assets or disposal groups classified as held for sale [text block] |
2.4.5 Non-current assets held for sale or for distribution to equity holders of the parent and discontinued
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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] |
Associated companies are those entities in which the Group has significant influence, but not control or joint control over the
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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] |
The consolidated financial statements include Panoro Energy ASA and its subsidiaries as of December 31 for each year.
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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-controlling
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