Disclosure Of Material Accounting Policy Information [Text Block]

Electromagnetic Geoservices ASA - Filing #5877068

Concept 2024-01-01 to
2024-12-31
Disclosure of material accounting policy information [text block]
Note 2 – Summary of significant accounting policies
Description of accounting policy for borrowings [text block]
b) Financial liabilities
Description of accounting policy for deferred income tax [text block]
b) Deferred tax
Description of accounting policy for depreciation expense [text block]
2.6 Property, plant and equipment
Description of accounting policy for derecognition of financial instruments [text block]
2.11 Financial instruments
Description of accounting policy for determining components of cash and cash equivalents [text block]
2.15 Cash and short-term deposits
Description of accounting policy for employee benefits [text block]
2.13 Employee benefits
Description of accounting policy for financial assets [text block]
a) Financial assets
Description of accounting policy for foreign currency translation [text block]
2.4 Foreign currencies
Description of accounting policy for functional currency [text block]
a) Functional and presentation currency
Description of accounting policy for impairment of financial assets [text block]
Impairment of financial assets
Description of accounting policy for impairment of non-financial assets [text block]
2.10 Impairment of non-financial assets
Description of accounting policy for income tax [text block]
2.12 Taxes
Description of accounting policy for leases [text block]
2.7 Leases
Description of accounting policy for measuring inventories [text block]
2.9 Inventories
Description of accounting policy for intangible assets and goodwill [text block]
2.8 Intangible assets
Description of accounting policy for provisions [text block]
2.14 Provisions
Description of accounting policy for recognition of revenue [text block]
2.5 Revenue from contracts with customers
Description of accounting policy for research and development expense [text block]
c) Research and development costs
Description of accounting policy for share-based payment transactions [text block]
b) Share-based payments
Description of accounting policy for taxes other than income tax [text block]
c) Sales tax
Description of accounting policy for trade and other receivables [text block]
Trade receivables

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