Annual Report 2010 - SBM Offshore
Annual Report 2010 - SBM Offshore
Annual Report 2010 - SBM Offshore
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Financial Review / Financial Statements <strong>2010</strong><br />
Geographical information<br />
The classification by country is determined by the final<br />
destination of the product.<br />
The revenue by country can be analyzed as follows:<br />
in thousands of US$ <strong>2010</strong> 2009 (*)<br />
Netherlands 20,709 19,035<br />
Angola 280,882 300,118<br />
Australia 340,123 227,999<br />
Brazil 1,101,657 1,391,665<br />
USA 195,681 106,975<br />
Norway 93,308 221,415<br />
Malaysia 64,158 66,400<br />
Equatorial Guinea 477,931 89,354<br />
Nigeria 89,787 139,031<br />
Other 391,525 394,553<br />
Total revenue 3,055,761 2,956,545<br />
(*) restated for comparison purposes<br />
The non-current assets by country can be analyzed as<br />
follows:<br />
in thousands of US$ <strong>2010</strong> 2009 (*)<br />
Netherlands 14,547 14,326<br />
Angola 338,203 527,318<br />
Brazil 850,922 835,808<br />
USA 424,033 510,415<br />
Norway 612,500 511,076<br />
Canada 514,996 329,194<br />
Malaysia 147,377 165,360<br />
Nigeria 61,426 60,947<br />
Other 300,186 327,646<br />
Total non-current assets 3,264,190 3,282,090<br />
(*) restated for comparison purposes<br />
Reliance on major customers<br />
There are several major customers identified in the<br />
Lease and Operate segment, the Turnkey Systems segment<br />
and the Turnkey Services segment. Total revenue<br />
from the top three major customers amounts to US$<br />
1,639.5 million (2009: US$ 1,394.5 million).<br />
130 <strong>SBM</strong> <strong>Offshore</strong> – <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>
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