Tullow Oil plc Annual Report 2011 - The Group

5Europe,South Americaand Asia$mWest andNorth Africa$mSouth andEast Africa$mUnallocated$m2010 (restated)Sales revenue by origin 237.9 851.9 – – 1,089.8Total$mFINANCIAL STATEMENTSSegment result (9.1) 424.9 (64.8) – 351.0Profit on disposal of oil and gas assets 0.5Unallocated corporate expenses (89.6)Operating profit 261.9Loss on hedging instruments (27.7)Finance revenue 15.1Finance costs (70.1)Profit before tax 179.2Income tax expense (89.7)Profit after tax 89.5Total assets 814.3 4,334.7 3,099.9 163.6 8,412.5Total liabilities (341.8) (1,552.6) (336.9) (2,277.8) (4,509.1)Other segment informationCapital expenditure:Property, plant and equipment 78.4 1,040.9 – 33.1 1,152.4Intangible exploration and evaluation assets 39.8 249.0 1,758.9 – 2,047.7Depletion, depreciation and amortisation (128.4) (228.7) – (10.2) (367.3)Impairment losses recognised in income statement – (4.3) – – (4.3)Exploration costs written off (28.8) (61.1) (64.8) – (154.7)127www.tullowoil.com