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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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CNOOC Ltd., Consolidated Income Statement
USD $ in millions, translated from CNY ¥
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Oil and gas sales | |
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Marketing revenues | |
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Other income | |
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Revenue | |
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Operating expenses | |
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Taxes other than income tax | |
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Exploration expenses | |
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Depreciation, depletion and amortization | |
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Special oil gain levy | |
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Impairment and provision | |
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Crude oil and product purchases | |
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Selling and administrative expenses | |
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Others | |
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Expenses | |
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Profit from operating activities | |
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Interest income | |
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Borrowing costs, less amount capitalized in property, plant and equipment | |
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Other finance costs | |
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Finance costs | |
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Exchange gains, net | |
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Investment income | |
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Share of profits of associates and a joint venture | |
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Non-operating income (expenses), net | |
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Profit before tax | |
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Income tax expense | |
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Profit for the year attributable to owners of the parent | |
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| Item | Description | The company |
|---|---|---|
| Revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | CNOOC Ltd.'s revenue increased from 2009 to 2010 and from 2010 to 2011. |
| Profit from operating activities | The net result for the period of deducting operating expenses from operating revenues. | CNOOC Ltd.'s profit from operating activities increased from 2009 to 2010 and from 2010 to 2011. |
| Profit before tax | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | CNOOC Ltd.'s profit before tax increased from 2009 to 2010 and from 2010 to 2011. |
| Profit for the year attributable to owners of the parent | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | CNOOC Ltd.'s profit for the year attributable to owners of the parent increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012