Annual Report 2011 - PGS

Responsibility
Statement
Today, the Board of Directors and the Chief
Executive Officer reviewed and approved the
Board of Directors’ report and the consolidated
and separate annual financial statements
for PGS ASA, for the year ending and as of
December 31, 2011.
PGS ASA’s consolidated financial statements
have been prepared and presented in
accordance with IFRSs and IFRICs as
adopted by the EU and additional disclosure
requirements in the Norwegian Accounting Act,
and that should be used as of December 31,
2011. The separate financial statements for PGS
ASA have been prepared in accordance with
the Norwegian Accounting Act and Norwegian
accounting standards as of December 31, 2011.
The Board of Directors report for the group and
the parent company is in accordance with the
requirements of the Norwegian Accounting Act
and Norwegian accounting standard 16, as of
December 31, 2011.
To the best of our knowledge:
J J
The consolidated and separate annual
financial statements for 2011 have been
prepared in accordance with applicable
accounting standards.
J J
The consolidated and separate annual
financial statements give a true and fair view
of the assets, liabilities, financial position,
and result of operations as a whole as of
December 31, 2011, for the group and the
parent company.
J J
The Board of Directors’ report for the group
and the parent company include a true and
fair review of:
- The development and performance of the
business and the position of the group and
the parent company.
- The principal risks and uncertainties the
group and the parent company face.
London, March 22, 2012
Board of Directors
Petroleum Geo-Services ASA
Francis Gugen
Chairperson
Harald Norvik
Vice Chairperson
Carol Bell
Holly Van Deursen
Annette Malm Justad Daniel J. Piette Ingar Skaug Jon Erik Reinhardsen
Chief Executive Officer
66 PGS Annual Report 2011