JPMorgan - KASE
JPMorgan - KASE
JPMorgan - KASE
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Upstream Downstream Eliminations Consolidated<br />
Year ended December 31, 2000<br />
Revenue<br />
CrudeOil......................... 316,882 185,425 (201,091) 301,216<br />
Refinedproducts .................. — 203,728 — 203,728<br />
Processing fees .................... — 12,414 (530) 11,884<br />
Interestandotherincome .......... 5,810 563 — 6,373<br />
322,692 402,130 (201,621) 523,201<br />
Expenses<br />
Production ....................... 35,832 — (530) 35,302<br />
Royalties ......................... 33,709 — — 33,709<br />
Transportation .................... 25,152 — — 25,152<br />
Refining.......................... — 12,583 — 12,583<br />
Crude oil and refined product<br />
purchases ...................... 4,242 233,604 (189,746) 48,100<br />
Selling ........................... — 7,728 — 7,728<br />
General and administrative ......... 30,365 14,200 — 44,565<br />
Interestandfinancingcosts ......... 193 580 — 773<br />
Depletion and depreciation ......... 7,707 6,973 — 14,680<br />
Foreign exchange (gain) loss ........ (3,152) 884 2 (2,266)<br />
134,048 276,552 (190,274) 220,326<br />
Segment income (loss) ................. 188,644 125,578 (11,347) 302,875<br />
Unallocated amounts<br />
Interestandfinancingcosts ......... (17,935)<br />
Waiver fees and debt restructuring<br />
costs ........................... (20,373)<br />
Income before income taxes ........ 264,567<br />
Income tax expense ................ (99,657)<br />
Minority interest .................. (9,980)<br />
Netincome ....................... 154,930<br />
Upstream Downstream Consolidated<br />
December 31, 2000<br />
Assets<br />
Assets............................ 258,345 152,491 410,836<br />
Unallocatedcorporateassets........ — — 3,690<br />
Consolidated total assets ........... 414,526<br />
Liabilities<br />
Liabilities ......................... 142,214 39,435 181,649<br />
Unallocated corporate liabilities ..... — — 24,006<br />
Consolidated total liabilities ........ 205,655<br />
F-30