This excerpt taken from the STO 20-F filed Apr 9, 2008.
The consolidated financial statements include the accounts of StatoilHydro ASA and its subsidiaries. Subsidiaries are entities controlled by the company. Control exists when the Group has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Subsidiaries are consolidated from the date of their acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases.
All intercompany balances and transactions, including unrealised profits and losses arising from intragroup transactions, have been eliminated in full. Minority interests represent the portion of profit or loss and net assets in subsidiaries that is not held by the Group and is presented separately within equity in the consolidated balance sheet.
This excerpt taken from the STO 20-F filed Mar 31, 2005.
Exhibit 8 Subsidiaries
The following table sets forth our significant subsidiaries in alphabetical order, equity interest and the subsidiaries'country of incorporation. In all cases our voting interest is equivalent to our equity interest.
(1)The remaining shares are owned by SDS Holding AS