PEMBROKE, Bermuda, Oct. 27, 2020 (World NEWSWIRE) — Altera Infrastructure L.P. (Altera Infrastructure or the Partnership) these days introduced that the Partnership is adopting Worldwide Economic Reporting Criteria (IFRS) and reporting its 3rd quarter 2020 success below IFRS. Particular unaudited money details, together with the Partnership’s Opening Statement of Economical Situation as at January 1, 2019, as properly as Restated Consolidated Money Statements for the a few and nine months ended September 30, 2019, will be integrated beneath IFRS in the Partnership’s Report on Variety 6-K for the quarterly period of time ended September 30, 2020. As formerly declared, Altera Infrastructure plan to launch their monetary effects for the Third Quarter of 2020 in advance of market opening on Tuesday, November 3, 2020.
IFRS is strictly an accounting alter and therefore does not influence the Partnership’s approach or functions. It does, nonetheless, suggest that selected things of the Partnership’s fiscal info will be established otherwise from these that had been earlier claimed under United States Generally Accepted Accounting Concepts.
About Altera Infrastructure
Altera Infrastructure is a leading global electricity infrastructure providers group mainly concentrated on the ownership and procedure of crucial infrastructure property in offshore oil regions of the North Sea, Brazil and the East Coastline of Canada.
Altera Infrastructure has consolidated assets of around $4.5 billion, comprised of 52 offshore assets, like floating generation, storage and offloading (FPSO) models, shuttle tankers (such as a few new builds), floating storage and offtake (FSO) models, extended-length towing and offshore set up vessels and a unit for routine maintenance and protection (UMS). The bulk of Altera Infrastructure’s fleet is employed on medium-time period, stable contracts. Affiliates of world-wide asset manager Brookfield Business Companions L.P. (NYSE: BBU) (TSX: BBU.UN) individual 100 % of Altera Infrastructure’s common lover.
Altera Infrastructure’s most popular models trade on the New York Stock Trade beneath the symbols “ALIN PRA”, “ALIN PRB” and “ALIN PRE”, respectively.