Jaarverslag 2014

Major customers
Revenues from one customer of the downstream segment represent approximately US$ 133.1 million (2013: US$
132.6 million) of the Company’s consolidated revenues.
26 Off‐balance commitments and contingencies
As at December 31, 2013, the off‐balance commitments and contingencies consist of the following:
x US$ 1,000 2015 2016‐2019 Total
Long term (sales) contracts 150,852 79,012 229,864
Partnership agreement ‘Suriname gold project LLC‘ 104,000 128,000 232,000
Long term refinery expansion contract 49,509 - 49,509
Operational lease 14,493 3,173 17,666
Claims 4,018 - 4,018
Study grants 437 597 1,034
27 Net revenues per product
2014 2013
x 1,000 Bbls x US$ 1,000 x 1,000 Bbls x US$ 1,000
Local refined products (gross) 6,270 570,446 5,946 599,008
Intracompany sales (986) (83,948) (885) (85,538)
Local refined products (net) 5,284 486,498 5,061 513,470
Trading activities 3,821 510,378 3,215 474,295
Electric energy *) 59,478 35,117
Total gross revenues 9,105 1,056,354 8,276 1,022,882
Net revenue local refined
products after deduction of direct
sales costs **) 1,021,936 1,003,961
Other sales related revenue
‐ inventory change oil stock 12,009 5,282
‐ other revenues ***) 8,064 2,227
Net sales revenue 9,105 1,042,009 8,276 1,011,470
*) The generated electric energy in 2014 was 318,178,901 kWh. (2013: 198,301,870 kWh).
**) Sales costs related to electric energy is reclassed to 'Other operational costs'.
***) Other revenues include gain recognized regarding sale of Powisie Gold certificates of US$ 8,989,872.
28 Depreciation
The breakdown of the depreciation expenses is as follows:
2014 2013
Evaluated properties 24,129 23,092
Oil pipelines 483 449
Refinery 6,114 6,561
Power plant 3,980 1,749
Other fixed assets 9,360 10,893
44,066 42,744
58
Staatsolie Annual Report 2014