STOREBRAND ASA: Minor adjustment to group reporting
In connection with the release of the results for Q1 2024, Storebrand will implement a minor adjustment to its alternative income statement. In historical reporting, performance-related cost in the asset management business was recognised continuously, while performance-related income was fully recognised in the 4th quarter. Starting from the 1st quarter of 2024, Storebrand will record performance-related income on continuous basis to align the timing of performance-related income and costs. This change will not impact the annual result. The adjustment will reduce the complexity in