annual_repport_staatsolie_2016_lr
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Annual REPORT<br />
Confidence in Our Own Abilities<br />
58<br />
Segment reporting Staatsolie<br />
Segment (Revenues) x US$ 1,000 <strong>2016</strong> 2015<br />
Upstream 181,571 243,220<br />
Refining & Marketing 264,965 284,533<br />
Trading 184,003 347,683<br />
Energy 49,561 53,909<br />
Total Segment amounts 680,100 929,345<br />
All Corporate activities (including eliminations) (311,808) (338,043)<br />
Total consolidated amounts 368,292 591,302<br />
Segment (Profit/ (Loss)) <strong>2016</strong> 2015<br />
Upstream 93,165 134,639<br />
Refining & Marketing (55,264) 178,577<br />
Trading 4,524 2,472<br />
Energy 7,519 39,236<br />
Total Segment amounts 49,944 354,924<br />
All Corporate activities (including eliminations) (44,722) (331,910)<br />
Total consolidated amounts 5,222 23,014<br />
Segment (Assets) <strong>2016</strong> 2015<br />
Upstream 478,014 525,507<br />
Refining & Marketing 1,163,365 1,118,124<br />
Trading 66,978 79,282<br />
Energy 152,163 156,027<br />
Total Segment amounts 1,860,520 1,878,940<br />
All Corporate activities (including eliminations) 404,518 382,034<br />
Total consolidated amounts 2,265,038 2,260,974<br />
Major Customers<br />
Revenues from one customer of the downstream<br />
segment represent approximately US$ 41.0 million<br />
(2015: US$ 74.3 million) of the Company’s<br />
consolidated revenues.<br />
23 Off‐balance commitments and contingencies<br />
xUS$1,000 2017 2018-2021 Total<br />
Long term (sales) contracts 29,088 4,131 33,219<br />
Long term downstream contracts 2,160 2,160 4,320<br />
Operational lease 6,764 4,118 10,882<br />
Claims 610 - 610<br />
Study grants 372 567 939<br />
Corperate social investments 15 - 15<br />
Other contracts 1,016 318 1,334
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