annual_repport_staatsolie_2016_lr
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Annual REPORT<br />
Confidence in Our Own Abilities<br />
62<br />
I Company Balance Sheet as at December 31, <strong>2016</strong><br />
(<strong>2016</strong> & 2015 before distribution of earnings)<br />
Assets (xUS$ 1,000) <strong>2016</strong> 2015<br />
Current assets<br />
Cash and cash equivalents 27,784 26,762<br />
Short‐term investments 3,754 6,910<br />
Trade receivables 70,690 67,210<br />
Inventories 59,344 65,003<br />
Prepaid expenses and other current assets 152,682 92,836<br />
Loan receivable - 1,796<br />
314,254 260,517<br />
Investments<br />
Equity investment 392,084 301,139<br />
Intangible assets 13,881 17,494<br />
Deferred tax asset 16,062 10,119<br />
Property, plant and equipment<br />
Upstream 336,531 313,174<br />
Refining 999,152 1,023,453<br />
Marketing & trading 187 315<br />
Corporate & other 37,181 40,438<br />
1,373,051 1,377,380<br />
Projects in progress 127,472 173,889<br />
1,500,523 1,551,269<br />
Total assets 2,236,804 2,140,538<br />
Paramaribo, June 30, 2017<br />
The Board of Executive Directors:<br />
R. Elias Managing Director<br />
B. Dwarkasing Upstream Director<br />
A. Jagesar Downstream Deputy Director<br />
A. Moensi‐Sokowikromo Finance Director
Change language