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REC Annual Report 2011
25
Statement
TheBoardof Directors and theChief ExecutiveOfficer (CEO) have today
considered and approved the report fromtheBoardof Directors, the
financial statements for theRECGroup and for theparent company
RECASA for the year endingDecember 31, 2011.
The consolidatedfinancial statements of REChavebeen prepared in
accordancewith International Financial ReportingStandards as adoptedby
theEUand additional disclosure requirements as stated in theNorwegian
AccountingAct that are applicableper December 31, 2011. Thefinancial
statements for theparent companyRECASAhavebeen prepared in
accordancewith theNorwegianAccountingAct andGenerally
AcceptedAccountingPrinciples inNorway that are applicableper
December 31, 2011. The report fromtheBoardof Directors for the
RECGroup andRECASAhas been prepared in accordancewith the
NorwegianAccountingAct and theNorwegianAccountingStandard
no. 16applicableper December 31, 2011.
We confirmthat, to thebest of our knowledge:
• the financial statements for the REC Group and REC ASA for the year
ending December 31, 2011 have been prepared in accordance with
applicable accounting standards, and
• the information in the financial statements gives a true and fair viewof
the RECGroup’s and RECASA’s assets, liabilities, financial position and
results of operations for the year ending December 31, 2011, and
• the report from the Board of Directors report for the year ending
December 31, 2011 includes a fair review of:
• the development, results of operations and position for the
REC Group and REC ASA, and
• theprincipal risks and uncertainties for theRECGroup andRECASA.
STATEMENT OF COMPLIANCE
Sandvika, March 20, 2012
Bjørn M. Wiggen
Chairman of the Board
Hilde Myrberg
Member of the Board
Heléne Vibbleus Bergquist
Member of the Board
Hans Ødegård
Member of the Board
Tore Schiøtz
Member of the Board
Mimi K. Berdal
Member of the Board
Odd Christopher Hansen
Member of the Board
Rolf B. Nilsen
Member of the Board
Svein Tore Holsether
Member of the Board
Bernt Reitan
Member of the Board
Tommy Kristensen
Member of the Board
Silje Johnsen
Member of the Board
Ole Enger
President and CEO