Construction of a pipe line from Tout Lui Faut to the retail companies was executed by horizontal drilling. www.staatsolie.com 61
VIII. Staatsolie Separate Company Financial Statements 1 Company Balance Sheet as at December 31, <strong>2014</strong> (after distribution of earnings) x US$ 1,000 A s s e t s <strong>2014</strong> 2013 Current assets Cash and cash equivalents 24,428 94,217 Short‐term investments 8,753 14,865 Trade receivables 80,865 87,580 Inventories 33,267 25,117 Prepaid expenses and other current assets 113,046 74,116 260,359 295,895 Loan receivable 1,966 1,854 Investments Equity investment 188,292 40,122 Goodwill 5,447 5,447 Deferred tax asset 8,149 - Property, plant and equipment Oil properties Evaluated properties 257,272 240,962 Pipelines 1,716 2,073 258,988 243,035 Refinery 658,954 12,280 Other fixed assets 65,868 69,881 983,810 325,196 Projects in progress 424,299 813,384 1,408,109 1,138,580 Total assets 1,872,322 1,481,898 Paramaribo, March 30, 2015 The Board of Executive Directors: M. Waaldijk Managing Director A. Moensi‐Sokowikromo Finance Director R. Elias Director Refining & Marketing 62 Staatsolie Annual Report <strong>2014</strong>