6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

October 31, 2014

Commission File Number 1-15200

Statoil ASA

(Translation of registrant’s name into English)

FORUSBEEN 50, N-4035, STAVANGER, NORWAY
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X       Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____

This Report on Form 6-K shall be deemed to be filed and incorporated by reference in the Registration Statements on Form F-3 (File No. 333-188327) and Form S-8 (File No. 333-168426) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

This Report on Form 6-K contains (1) the ratio of earnings to fixed charges and the statement of calculation for the nine months ended September 30, 2014 and for each of the five fiscal years ended December 31, 2013; and (2) a statement of capitalization and indebtedness as at September 30, 2014.

Calculation of ratio of earnings to fixed charges

 

 

(in NOK millions, except ratio)

For the nine months ended 30 September 2014

For the year ended 31 December 2013

For the year ended 31 December 2012

For the year ended 31 December 2011

For the year ended 31 December 2010

For the year ended 31 December 2009

Fixed Charges

 

 

 

 

 

 

 

Interest expense*

2,280

12,047

2,443

(385)

1,722

12,457

+

Interest within rental expense

4,287

8,064

7,392

5,754

5,208

4,578

+

Capitalized interest

919

1,077

1,197

869

995

1,351

Total fixed charges (A)

7,486

21,188

11,032

6,238

7,925

18,386

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

Income before tax and minority interest

101,387

138,414

206,726

213,841

136,826

114,910

-

Equity in net inc non-consol investees

(246)

(136)

(1,671)

(1,264)

(1,168)

(1,458 )

+

Distributed income of equity investees

8

(7)

(8)

(15)

(42)

22

=

Income before taxes, minority interests and equity investees

101,149

138,271

205,047

212,562

135,616

113,474

+

Fixed charges (A)

7,486

21,188

11,032

6,238

7,925

18,386

+

Ordinary depr capital interest

843

1,233

1,356

1,310

1,637

1,880

-

Capitalized interest

(919)

(1,077)

(1,197)

(869)

(995)

(1,351 )

Total earnings

110,396

159,615

216,238

219,241

144,183

132,389

 

 

 

 

 

 

 

 

Ratio

14.7

7.5

19.6

35.2

18.2

7.2

 

*Interest expense includes change in fair value of derivatives

Capitalization and indebtedness

As at September 30, 2014

NOK

USD(1)

(in billions)

   

Current finance debt

27.6

4.3

Non-current finance debt

Finance debt

160.9

24.9

Unsecured

160.5

24.9

Secured

0.4

0.1

   

Non-controlling interests:

0.4

0.1

   

Shareholders’ equity:

Share capital

8.0

1.2

Additional paid-in capital

40.2

6.2

Retained earnings

284.0

44.0

Currency translation adjustments

33.3

5.2

Total equity

365.9

56.7

Total finance debt and shareholders' equity

554.4

85.9

 

(1) Solely for the convenience of the reader, translations from Norwegian kroner into U.S. dollars are made at the rate of NOK 6.4524 to USD 1.00, the Central Bank of Norway buying rate on September 30, 2014.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

STATOIL ASA
(Registrant)

Date: October 30, 2013

By:

      /s/ Torgrim Reitan
Name: Torgrim Reitan
Title: Chief Financial Officer