Guidelines for external reporting by state-owned companies Reference No.: N7043


The Government adopted these guidelines for external reporting by state-owned companies on 29 November 2007. They replace the previous guidelines which were adopted in 2002. The guidelines have been complemented with expanded and clearer requirements on information about sustainability. The state-owned companies are subject to the same laws as privately-owned companies, for instance, the Companies Act, the Bookkeeping Act and the Annual Accounts Act. These guidelines complement the current accounting legislation and generally accepted accounting principles. The companies shall present their reports in accordance with these guidelines at the latest from and including the financial year starting on 1 January 2008.