UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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
(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S-8 (File No. 333-168426) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
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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.
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(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
As at September 30, 2014 |
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NOK |
USD(1) |
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(in billions) |
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Current finance debt |
27.6 |
4.3 |
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Non-current finance debt |
||||
Finance debt |
160.9 |
24.9 |
||
Unsecured |
160.5 |
24.9 |
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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 |
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(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. |
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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) |
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Date: October 30, 2013 |
By: |
/s/ Torgrim Reitan |