International Financial Reporting Standards

ODIM prepares its financial statements in accordance with the international accounting standards IFRS. The figures for the second quarter 2005 have been prepared accordingly. The published financial statements for 2004 were prepared in accordance with the Norwegian Accounting Act and NGAAP. For comparison with the previous year, ODIM recalculated the figures for 2004 in accordance with IFRS. Please check out the figures for Q2 2005 to see the changes made. The course of action for the change is also described.