StatOil Statutory Report 2010

Delivered strong financial results and cash flows in 2010, oil and gas exploration and production activities.

Contents
Statutory report 2010
Board of directors report
The Statoil share
Group profit and loss analysis
Our business
Cash flows
Liquidity and capital resources
Return on Average Capital Employed
Research and Development
Financial risks
Group and market outlook
Health, safety and the environment
People and the organisation
Environment and climate
Society
Board developments
Statement on compliance
Board statement on corporate governance
Implementation of the code of practice
Business
Equity and dividends
Equal treatment and close associates
Freely negotiable shares
General meetings
Nomination committee
Corporate assembly, board of directors
The work of the board of directors
Risk management and internal control
Remuneration of the board of directors
Remuneration of executive management
Information and communications
Take-overs
Auditor
Consolidated financial statements
Notes to the Consolidated financial statements
1 Organisation
2 Significant accounting policies
3 Segments
4 Assets classified as held for sale
5 Business combinations
6 Asset acquisitions and disposals
7 Capital management
8 Financial risk management
9 Remuneration
10 Other expenses
11 Financial items
12 Income taxes
13 Earnings per share
14 Property, plant and equipment
15 Intangible assets
16 Equity accounted investments
17 Non-current financial assets
18 Inventories
19 Trade and other receivables
20 Current financial investments
21 Cash and cash equivalents
22 Transactions impacting shareholders equity
23 Non-current financial liabilities
24 Pensions and other non-current employee benefits
25 Asset retirement obligations, other provisions and other liabilities
26 Trade and other payables
27 Current financial liabilities
28 Leases
29 Other commitments and contingencies
30 Related parties
31 Financial instruments by category
32 Financial instruments: fair value measurement and sensitivity analysis of market risk
33 Subsequent events
34 Supplementary oil and gas information (unaudited)
Financial statements for Statoil ASA
Notes to the Financial statements for Statoil ASA
1 Organisation and basis of presentation
2 Significant accounting policies
3 Financial risk management and derivatives
4 Business developments
5 Revenues
6 Remuneration
7 Share-based compensation
8 Auditors' remuneration
9 Research and development expenditures
10 Financial items
11 Income taxes
12 Property, plant and equipment
13 Investments in subsidiaries and equity accounted investments
14 Financial assets
15 Inventories
16 Trade and other receivables
17 Cash and cash equivalents
18 Equity and shareholders
19 Non-current financial liabilities
20 Pensions and other non-current employee benefits
21 Provisions and other liabilities
22 Trade and other payables
23 Current financial liabilities
24 Leases
25 Other commitments and contingencies
26 Related parties
27 Subsequent events
Report of Ernst & Young AS on the financial statements of Statoil ASA
HSE accounting
HSE performance indicators
Environmental posters
Recommendation of the corporate assembly