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Statoil ASA (FRA:DNQA)
Accounts Payable
€18,690 Mil (As of Sep. 2014)

Statoil ASA's quarterly accounts payable declined from Mar. 2014 (€17,713 Mil) to Jun. 2014 (€17,086 Mil) but then increased from Jun. 2014 (€17,086 Mil) to Sep. 2014 (€18,690 Mil).

Statoil ASA's annual accounts payable increased from Dec. 2011 (€19,127 Mil) to Dec. 2012 (€19,559 Mil) but then declined from Dec. 2012 (€19,559 Mil) to Dec. 2013 (€15,688 Mil).


Definition

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Statoil ASA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 4,5675,7995,0392,72512,47511,98215,19419,12719,55915,688

Statoil ASA Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 20,09220,80419,55920,48519,33718,78115,68817,71317,08618,690
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