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Principles of consolidation (Tables)

12 Months Ended

Dec. 31, 2017

Principles Of Consolidation

Disclosure of effect of changes in foreign exchange rates [text block]

The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below:

(currency amount for €1)		Annual average exchange rate 2017				Exchange rate at December 31, 2017				Annual average exchange rate 2016				Exchange rate at December 31, 2016				Annual average exchange rate 2015				Exchange rate at December 31, 2015
U.S. Dollar			1.13				1.20				1.11				1.05				1.11				1.09
Pound Sterling			0.88				0.89				0.82				0.86				0.73				0.73
Norwegian Krone			9.33				9.83				9.29				9.09				8.95				9.60
Australian Dollar			1.47				1.53				1.49				1.46				1.48				1.49

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The entire disclosure for the effect of changes in foreign exchange rates.

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-URIDate 2017-03-09

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