annual_repport_staatsolie_2016_lr
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Annual REPORT<br />
Confidence in Our Own Abilities 59<br />
24 Revenues per product<br />
<strong>2016</strong> 2015<br />
x 1,000 Bbls x US$ 1,000 x 1,000 Bbls x US$ 1,000<br />
Local refined products (gross) 5,743 259,800 5,845 284,533<br />
Intercompany sales (2,127) (103,464) (1,247) (54,079)<br />
Local refined products (net) 3,616 156,336 4,598 230,454<br />
Trading activities 2,368 169,953 3,025 301,181<br />
Electric energy *) 39,035 50,897<br />
5,984 365,324 7,623 582,532<br />
Other sales related revenue<br />
‐ inventory change oil stock (868) 8,562<br />
‐ other revenues 3,836 208<br />
Total gross revenues 5,984 368,292 7,623 591,302<br />
25 Depreciation/Amortization<br />
The breakdown of the depreciation expenses is as follows:<br />
<strong>2016</strong> 2015<br />
Upstream 36,004 28,341<br />
Refinery 49,151 24,280<br />
Marketing & Trading 1,401 1,279<br />
Power plant 8,801 5,047<br />
Corporate & Other 1) 4,709 7,721<br />
100,066 66,668<br />
1) includes the amortization of intangible assets of US$ 3,614,603 in <strong>2016</strong>.(2015 US$ ‐)<br />
26 Trading & Other operational costs<br />
The breakdown of the trading & other operational costs is as follows:<br />
<strong>2016</strong> 2015<br />
Trading activities Staatsolie 11,951 77,244<br />
Electric energy 3,452 5,997<br />
Paradise Oil Company - 540<br />
Trading activities Ventrin 30,113 32,460<br />
GOw2 Energy Suriname 35,616 156,070<br />
81,132 272,311
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