Avner Oil - Annual Report 2011 - Delek Energy Systems

Other information5. Financial Information about the Limited Partnership's operating sectorThe following information is derived from the Limited Partnership’s financial statements relating tothe operating sector (USD thousands):Year endedDecember 31,2011December 31,2010December 31,2009RevenuesFrom the sale of oil and gass 022,661 015,601 71,518Net of royalties 61,,06 08,581 09,,38Net revenues 031,331 77,7,1 58,001Costs and expenses 6Production cost for gas sold 1,1,1 5,593 6,99,Oil and gas exploration, geologicalconsultation and other direct costsDepreciation, depletion and amortizationcosts00,101 3,763 5,0196,,116 05,66, 01,,53General and administrative expenses 1,101 ,,6,9 1,737Total expenses 65,815 98,636 15,71,Operating income 70,591 60,1,6 ,1,175Finance expenses ) 6,1,5() 1,98, ( ) 9,570(Finance income 399 513 311Finance expenses, net ),,909() 0,8,6() 1,850(Profit before petroleum and gas profits tax 113,77 073,44 ,13,7,Petroleum and gas profits tax ) 3,611(- -Net profit for the period 913,77 073,44 ,13,7,Profit per participation unit (USD) 1.11 1.106 1.100Weighted number of participation unitsused for the calculation (in thousands)9,99,,790 9,99,,790 9,99,,790The total assets of the Limited Partnership at December 31, 2011 and December 31, 2010amounted to USD 508,39, thousand and USD 903,960 thousand respectively. For explanations ofthis financial information, see the first part of the general partner's Directors Report.6. General environment and effect of external factors6.1 As described above, the Limited Partnership’s core activity is exploration, development andproduction of oil and natural gas in Israel and Cyprus. 7 The Petroleum Law, 1952 (the Petroleum6Mainly as part of joint transactions managed by a third party – the operatorA-7