Operating Segments

Reportable segments

The tables below set forth data on the revenues, costs and profits/losses, as well as the assets, equity and liabilities of the Group’s reportable segments for the periods ended December 31st 2011 and December 31st 2010.

Period ended
December 31st 2011		 Exploration and Production Trade and Storage Distribution Other Activities Eliminations Total
Income statement
Sales to external customers 2,878,567 19,820,825 141,343 162,799 – 23,003,534
Sales to other segments 1,202,022 224,133 3,329,378 341,344 (5,096,877) –
Total segment’s revenue 4,080,589 20,044,958 3,470,721 504,143 (5,096,877) 23,003,534
Depreciation and amortisation (609,436) (127,152) (823,198) (14,312) – (1,574,098)
Other costs (2,345,001) (20,101,580) (1,863,849) (494,224) 5,060,744 (19,743,910)
Total segment’s costs (2,954,437) (20,228,732) (2,687,047) (508,536) 5,060,744 (21,318,008)
         
Operating profit/loss 1,126,152 (183,774) 783,674 (4,393) (36,133) 1,685,526
Net finance expenses (16,302)
Share in net profit/loss of equity-accounted entities 42,563 42,563
           
Pre-tax profit/loss 1,711,787
Income tax (85,603)
 
Net profit/loss           1,626,184
Statement of financial position
Segment’s assets 14,923,213 12,116,665 12,420,381 489,647 (3,889,126) 36,060,780
Investments in equity-accounted entities 598,391 598,391
Unallocated assets 341,403
Deferred tax assets 963,800
 
Total assets           37,964,374
Total equity 24,496,660
Segment’s liabilities 2,177,279 2,774,227 1,915,303 95,042 (3,889,126) 3,072,725
Unallocated liabilities 8,961,579
Deferred tax liabilities 1,433,410
 
Total equity and liabilities           37,964,374
Other information
Capital expenditure on property, plant and equipment and intangible assets (2,536,921) (619,170) (1,124,977) (16,804) – (4,297,872)
Impairment losses on assets (977,040) (1,710,310) (90,371) (11,975) – (2,789,696)
Impairment losses on unallocated assets           (37,817)
Period ended
December 31st 2010		 Exploration and Production Trade and Storage Distribution Other Activities Eliminations Total
Income statement
Sales to external customers 2,244,777 18,701,376 126,464 208,544 – 21,281,161
Sales to other segments 1,206,729 378,240 3,411,410 359,454 (5,355,833) –
Total segment’s revenue 3,451,506 19,079,616 3,537,874 567,998 (5,355,833) 21,281,161
Depreciation and amortisation (608,820) (139,757) (762,587) (13,548) – (1,524,712)
Other costs (2,255,054) (18,124,389) (1,284,066) (527,864) 5,321,613 (16,869,760)
Total segment’s costs (2,863,874) (18,264,146) (2,046,653) (541,412) 5,321,613 (18,394,472)
 
Operating profit/loss 587,632 815,470 1,491,221 26,586 (34,220) 2,886,689
Net finance expenses 50,105
Share in net profit/loss of equity-accounted entities (695) (695)
 
Pre-tax profit/loss           2,936,099
Income tax (478,915)
 
Net profit/loss 2,457,184
Statement of financial position
Segment’s assets 12,797,364 9,773,536 12,227,593 414,579 (3,051,625) 32,161,447
Investments in equity-accounted entities 555,828 555,828
Unallocated assets 248,315
Deferred tax assets 676,817
 
Total assets           33,642,407
Total equity 23,519,470
Segment’s liabilities 1,863,052 2,861,668 1,932,133 130,607 (3,051,625) 3,735,835
Unallocated liabilities 4,995,092
Deferred tax liabilities 1,392,010
 
Total equity and liabilities           33,642,407
Other information
Capital expenditure on property, plant and equipment and intangible assets (2,193,179) (505,599) (957,873) (13,249) – (3,669,900)
Impairment losses on assets (1,103,992) (2,060,351) (78,363) (8,448) – (3,251,154)
Impairment losses on unallocated assets           (52,760)

Consolidated Financial Statements for the 2011 Financial Year