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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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CNOOC Ltd., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity
USD $ in millions, translated from CNY ¥
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
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Current loans and borrowings | |
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Trade and accrued payables | |
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Due to the parent company | |
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Due to related companies | |
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Accrued payroll and welfare payable | |
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Provision for retirement and termination benefits | |
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Accrued expenses | |
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Advances from customers | |
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Royalties payable | |
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Special oil gain levy payable | |
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Provision for dismantlement | |
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Other payables | |
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Other payables and accrued liabilities | |
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Taxes payable | |
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Liabilities directly associated with a non-current asset classified as held for sale | |
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Current liabilities | |
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Non-current loans and borrowings | |
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Provision for dismantlement | |
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Deferred tax liabilities | |
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Other non-current liabilities | |
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Non-current liabilities | |
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Total liabilities | |
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Issued capital | |
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Share premium and capital redemption reserve | |
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Cumulative translation reserve | |
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Statutory and non-distributable reserves | |
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Other reserves | |
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Retained earnings | |
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Proposed final dividend | |
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Equity attributable to owners of the parent | |
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Total liabilities and equity | |
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| Item | Description | The company |
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| Trade and accrued payables | Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). | CNOOC Ltd.'s trade and accrued payables increased from 2009 to 2010 but then slightly declined from 2010 to 2011. |
| Current liabilities | Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. | CNOOC Ltd.'s current liabilities increased from 2009 to 2010 and from 2010 to 2011. |
| Non-current liabilities | Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. | CNOOC Ltd.'s non-current liabilities increased from 2009 to 2010 and from 2010 to 2011. |
| Total liabilities | Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. | CNOOC Ltd.'s total liabilities increased from 2009 to 2010 and from 2010 to 2011. |
| Equity attributable to owners of the parent | Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). | CNOOC Ltd.'s equity attributable to owners of the parent increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012