Disclosure Of Material Accounting Policy Information [Text Block]

Prosafe SE - Filing #5934709

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	—
Description of accounting policy for borrowing costs [text block]	. Borrowing costs directly attributable to the acquisition, construction or production of an asset that
Description of accounting policy for deferred income tax [text block]	in the statement of profit or loss include taxes payable and changes in deferred tax. Deferred tax is
Description of accounting policy for depreciation expense [text block]	are recognised at cost less cumulative depreciation and accumulated
Description of accounting policy for derecognition of financial instruments [text block]	Subsequent measurement and gains and losses
Description of accounting policy for determining components of cash and cash equivalents [text block]	comprise cash at banks and short-term deposits with an original maturity of three months
Description of accounting policy for dividends [text block]	is recognised when the right to receive payment is established.
Description of accounting policy for earnings per share [text block]	Basic earnings per share are calculated by dividing net loss by the weighted average number of ordinary shares
Description of accounting policy for employee benefits [text block]	Employee benefits
Description of accounting policy for fair value measurement [text block]	Fair value of financial instruments. The fair value of financial instruments that are actively traded in organised
Description of accounting policy for financial assets [text block]	Financial assets
Description of accounting policy for foreign currency translation [text block]	. The presentation currency is USD. This is also the functional currency for the parent
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]	. The Group assesses at each reporting date whether there is an indication that an
Description of accounting policy for issued capital [text block]	Any difference between the issue price of share capital and the nominal value is recognised as
Description of accounting policy for leases [text block]	. A lease is defined as a contract that conveys the right to control the use of an identified asset for a period in
Description of accounting policy for measuring inventories [text block]	are bunker stock that are measured at the lower of cost and net realisable value. The cost of inventories is
Description of accounting policy for interest income and expense [text block]	Interest income is recognised on a time-proportion basis using the effective interest method. Interest income is
Description of accounting policy for provisions [text block]	are recognised when, and only when, the Group has a present obligation as a result of events that have
Description of accounting policy for recognition of revenue [text block]	Revenue recognition
Description of accounting policy for repairs and maintenance [text block]	Other repair and maintenance
Description of accounting policy for segment reporting [text block]	. For management and monitoring purposes, the Group is organised into one segment; chartering
Description of accounting policy for share-based payment transactions [text block]	Share-based compensation arrangements