Accounts on cash basis, SDFI
Appropriation accounts
Note A Explanation of total allocation
| Type and category | Transferred from last year | Allocation for the year | Total allocation |
|---|
| 2440.30 | | 36,000,000,000 | 36,000,000,000 |
| 2440.31 | | 11,900,000,000 | 11,900,000,000 |
| 5440.24.02 | | 42,200,000,000 | 42,200,000,000 |
| 5440.24.03 | | 2,500,000,000 | 2,500,000,000 |
| 5440.24.04 | | 29,400,000,000 | 29,400,000,000 |
| 5440.24.05 | | 3,800,000,000 | 3,800,000,000 |
| 5440.24.01 | | 311,200,000,000 | 311,200,000,000 |
| 5440.30 | | 29,400,000,000 | 29,400,000,000 |
| 5440.80 | | 3,800,000,000 | 3,800,000,000 |
| 5440.85 | | 0 | 0 |
| 5440.24 | | 233,300,000,000 | 233,300,000,000 |
Note B Explanation for authorisations used and calculation of possible amount to be transferred to next year
Petoro has been given authority to post payments and disbursements for the SDFI against the open accounts with the Treasury. The open accounts comprise over/under calls of cash from the operating companies (difference between cash calls and settlements from operators), working capital, settlements from operators, VAT and open accounts with payment providers, etc. As regards other authorisations, please refer to the Allocation Letter for 2024 issued to Petoro from the Ministry of Trade, Industry and Fisheries.
Storting Proposition No. 27 S – "Amendments to the 2024 Fiscal Budget under the Ministry of Trade, Industry and Fisheries" also gave Petoro the specific authority to:
- Charge Chapter 5440 for external transaction-related expenses as a result of purchasing ownership interests in key gas infrastructure.
- Exceed its appropriation in 2024 under Chapter 2440, Category 31, to purchase ownership interests in key gas infrastructure, in order to cover net disbursements when the transactions are completed.
- Transfer necessary, unused appropriation under Chapter 2440, category 31, to purchase ownership interests in key gas infrastructure, to 2025. This amount is limited to cover parts of settlements that are potentially delayed to 2025.
There will be no need to calculate a potential roll-over amount for next year, as the SDFI receives annual appropriations.
