Petroleum Geo-Services ASA : Board Approves IFRS Financial Statements for 2014
The Board of Directors of Petroleum Geo-Services ASA has on March 18, 2015 approved the 2014 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”).
The Company reported its IFRS unaudited fourth quarter and preliminary full year 2014 results on February 12, 2015. Compared to the preliminary results, the Company recorded USD 8.1 million of additional deferred tax expense, causing reported net income for 2014 and net deferred tax assets in the balance sheet to be reduced with the same amount. There were no other changes to the consolidated financial statements compared to those presented in the February earnings release.
The Board of Directors proposes a dividend of NOK 0.70 per share for 2014, to be approved by the Annual General Meeting scheduled for May 13, 2015 at 15:00 CET.
The Company will make available an electronic version of the 2014 annual report to shareholders in April.
