Key figures for recent years

TOTAL E&P NORGE is among the top international players on the Norwegian continental shelf. In recent years, the company has had revenues of more than NOK 40 billion a year, and has contributed between NOK 15 and 30 billion in taxes to the Norwegian community.

                                                                                                                    

2010 2009​ 2008​
INCOME STATEMENT (in MNOK)
​Total revenues ​47 777 41 571​ 57 122​
​Operating profit 29 774 ​22 006 ​37 625
​Financial income/(expenses) - net ​(236) ​134 582​
​Net income before taxes 29 539 22 140​ 38 207​
​Taxes on income ​20 184 16 397​ 28 692​
​Net income ​9 354 5 774​ 9 515​
​Cash flow from operations ​13 711 15 804​ 17 713​
BALANCE SHEET (in MNOK)
​Intangible assets ​1 200 1 342​ 1 494​
​Investments, property, plant and equipment ​48 821 51 978​ 49 575​
​Current assets 6 829 6 131 ​ 5 315​
​Total equity ​6 589 6 635​ 6 691​
​Long-term provisions 23 670 24 497​ 21 784​
​Long-term liabilities ​1 129 ​8 160 1 372​
​Current liabilities ​25 463 ​20 158 26 536​
OTHER KEY FIGURES
​Acquisition of property, plant, and equipment (in MNOK) ​8 308 9 615​ 8 340​
​Exploration activity, costs and investment (in MNOK) ​671 1 153 ​611
​Rate of return on capital employed * ​69.4 % ​33.0 % ​63.5 %
​Production cost USD/bbl ​6.8 6.1 6.3
​Transport cost USD/bbl ​4.1 4.2 4.2
PRODUCTION  (in thousand boe.)
​Net average daily production ​310 ​327 ​335
​Average number of employees ​277 270 257
 *Net income  plus financial expense after tax as a percentage of capital employment 1 January. Capital employed consists of total equity and liabilities less non-interests carrying debt.

 

Published 12 April 2012 15:56

Annual report