Cover single - Santos

10 YEAR
SUMMARY1991–2000
As at 31 December 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
36
Santos average realised oil price (A$/bbl) 28.00 28.65 27.64 23.64 24.96 27.43 27.42 20.95 27.57 46.54
Profit and Loss ($million)
Sales revenue 655.9 689.8 680.2 640.0 671.6 729.2 778.5 769.4 944.5 1,497.1
Total operating revenue 702.0 741.5 931.6 716.6 740.1 804.0 859.5 1,000.8 995.6 1,555.2
Foreign currency gains/(losses) (11.4) (36.8) (7.3) 66.3 (16.0) 25.0 3.6 2.0 0.3 2.7
Operating profit before abnormal items 223.5 245.1 289.2 295.9 241.0 331.9 322.3 267.3 339.6 725.9
Income tax on operating profit 106.8 104.9 104.8 116.2 101.1 136.0 116.1 91.0 120.4 239.1
Operating profit after tax
before abnormal items 116.7 140.2 184.4 179.7 139.9 195.9 206.2 176.3 219.2 486.8
Abnormal items after tax (224.9) (27.5) 34.9 10.7 (29.3) – – – 89.9 –
Operating profit/(loss) after tax and
abnormal items (108.2) 112.7 219.3 190.4 110.6 195.9 206.2 176.3 309.1 486.8
Outside equity interest
in operating profit/(loss) 2.7 – – – – – – – – –
Profit/(loss) attributable to shareholders (110.9) 112.7 219.3 190.4 110.6 195.9 206.2 176.3 309.1 486.8
Balance Sheet ($million)
Total assets 2,797.6 2,821.8 2,831.2 2,897.2 2,915.5 3,443.4 4,036.2 4,236.1 4,338.7 4,659.8
Net debt 755.0 797.4 711.2 619.9 642.0 938.6 1,114.2 1,280.0 1,301.1 866.6
Total shareholders’ equity 1,215.1 1,231.7 1,380.6 1,532.2 1,519.3 1,586.3 1,919.0 1,939.2 2,056.7 2,310.9
Exploration Expenditure
Wells drilled (number) 80 41 66 63 66 91 112 81 34 42
Expenditure ($million) 79.8 76.7 79.6 91.9 87.9 121.1 190.1 180.7 78.1 100.1
Reserves (mmboe) 623 670 675 663 703 860 1,009 966 941 921
Production (mmboe) 34.2 34.6 36.3 37.2 36.8 39.2 41.1 45.6 49.2 56.0
Other Capital Expenditure ($million)
Field developments 51.9 33.2 40.0 52.2 53.9 105.8 179.7 158.1 116.8 187.1
Buildings, plant and equipment 69.1 75.6 80.6 30.5 40.1 150.3 205.4 165.7 102.5 153.5
Share Information
Share issues
Dividend
Reinvestment
Plan/
Executive
Share Plan
Dividend
Reinvestment
Plan
Dividend
Reinvestment
Plan
Dividend
Reinvestment
Plan/
Executive
Share Plan
– – 1 for 8
rights issue/
Employee
Share Plan
Number of issued shares at year end (million) 473.0 498.6 517.9 539.6 539.6 539.6 607.3 607.8 608.2 610.4
Weighted average number of shares (million) 477.5 495.7 518.8 539.2 553.3 553.4 583.7 605.6 606.1 608.3
Dividends per share
– ordinary (¢) 19.0 21.0 22.0 22.0 23.0 24.0 25.0 25.0 27.0 30.0
– special (¢) – – 5.0 – – – – – – 10.0
Dividends
– ordinary ($million) 88.5 102.7 112.3 117.2 123.6 129.0 151.3 151.4 163.7 182.7
– special ($million) – – 25.8 – – – – – – 61.2
Ratios and Statistics
Earnings per share
– before abnormal items (¢) 23.9 28.3 35.5 33.3 25.3 35.4 35.3 29.1 36.2 80.0
– after abnormal items (¢) (23.2) 22.7 42.3 35.3 20.0 35.4 35.3 29.1 51.0 80.0
Return on total operating revenue (%) 16.6 18.9 24.3 25.1 18.9 24.4 24.0 17.6 22.0 31.3
Return on average shareholders’ equity (%) 9.2 11.7 14.1 12.3 9.2 12.6 11.8 9.1 11.0 22.3
Net debt/equity (%) 62.1 64.7 51.5 40.5 42.3 59.2 58.1 66.0 63.3 37.5
Net interest cover (times) 4.1 5.9 7.0 8.3 5.8 6.2 5.4 4.4 5.2 9.1
General
Number of employees 1,570 1,468 1,526 1,492 1,471 1,461 1,615 1,650 1,645 1,631
Number of shareholders 29,706 35,492 42,068 50,595 55,684 55,482 65,459 81,286 81,416 76,457
Market capitalisation ($million) 1,399.2 1,288.5 1,988.1 1,868.2 2,111.2 2,741.1 3,826.1 2,653.9 2,516.1 3,669.8
Prior year amounts have, where applicable, been adjusted to place them on a comparable basis with current year amounts.
Employee
Share Plan
Employee
Share Plan/
Executive
Share Plan
Employee
Share Plan/
Executive
Share Plan/
Restricted
Shares/
Exercise
of Options