Jaarverslag 2014
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
2 Company Income Statement <strong>2014</strong><br />
x US$ 1,000<br />
<strong>2014</strong> 2013<br />
Revenues from<br />
Production & Refining 570,446 599,009<br />
Trading activities 281,307 212,625<br />
Gross revenues 851,753 811,634<br />
Inventory variation 11,016 4,487<br />
Net income from equity investment GOw2/ SPCS 19,983 8,604<br />
Other revenues 7,870 1,992<br />
890,622 826,717<br />
Less: export‐, transport‐ and sales costs (34,418) (18,921)<br />
Net revenues 856,204 807,796<br />
Exploration expenses including dry holes (13,448) (14,034)<br />
Production expenses (45,881) (44,471)<br />
Refinery expenses (19,366) (13,130)<br />
Depreciation (38,942) (39,850)<br />
Accretion expenses (5,814) (5,263)<br />
Other operational costs (288,113) (209,628)<br />
Operating income 444,640 481,420<br />
General and administrative expenses (33,867) (30,490)<br />
Expensed projects 343 (9,759)<br />
Financial expenses (12,847) (7,611)<br />
Earnings before tax 398,269 433,560<br />
Income tax charge (121,037) (132,130)<br />
Net profit 277,232 301,430<br />
Paramaribo, March 30, 2015<br />
The Board of Executive Directors:<br />
M. Waaldijk Managing Director<br />
A. Moensi‐Sokowikromo Finance Director<br />
R. Elias Director Refining & Marketing<br />
The Supervisory Board:<br />
E. Boerenveen Chairman<br />
G. Asadang Member<br />
R. Graanoogst Member<br />
E. Poetisi Member<br />
64<br />
Staatsolie Annual Report <strong>2014</strong>
Change language