Five-Year Plan and Financial Outlook
Results - Net Income
PTTEP
Unit: million USD
Statements of Income
Q2 21
Q1 21
%QoQ
Q2 20
% YoY
6M21
6M20
%YTD
Total Revenues
1,768
1,779
(1%)
1,095
61%
3,546
2,779
28%
Sales
(1)
1,729
1,391
24%
1,041
66%
3,120
2,523
24%
Sales Volume (BOED)
(2)
443,126
382,877
16%
327,004
36%
413,168
345,207
20%
Sales Price (US$/BOE)
42.19
40.38
4%
34.97
21%
41.35
40.15
3%
Gain from a bargain purchase
350
(100%)
350
100%
(3)
Others
39
38
3%
54
(28%)
76
256
(70%)
Total Expenses
1,548
1,405
10%
959
61%
2,953
2,382
24%
Major Expenses:
Operating Expenses
Exploration Expenses
G&A
DD&A
Loss on Financial Instruments
193
174
11%
183
5%
367
380
(3%)
7
149
(95%)
30
(77%)
156
69
>100%
83
75
11%
62
34%
158
128
23%
629
547
15%
488
29%
1,176
1,024
15%
125
98
28%
78
60%
223
100%
Impairment Loss on Assets
47
(100%)
47
(100%)
Income Tax Expenses
321
192
67%
(68)
>100%
513
384
34%
Share of profit (loss) from associates and JV
2
2
(2)
>100%
5
12
(58%)
Net income
222
376
(41%)
134
66%
598
409
46%
Recurring Net Income
349
282
24%
128
>100%
631
418
51%
Non-recurring Net Income
(127)
94
(>100%)
6
(>100%)
(33)
(9)
(>100%)
Non-recurring Net income breakdown:
Oil Price Hedging
(141)
(107)
(32%)
(26)
(>100%)
(248)
140
(>100%)
Tax from Effect of FX
(9)
100%
122
(100%)
(9)
(103)
91%
Effect from FX and others
14
5
>100%
(43)
>100%
19
1
>100%
Impairment Loss on Assets
Exploration assets write-off
(47)
>100%
(47)
100%
(145)
100%
(145)
(100%)
Gain from a bargain purchase
350
(100%)
350
100%
Note:
(1) Include Oman Block 61 deemed sales revenues from tax payment by government (28 MMUSD for Q2 21 and 6M21)
(2) Exclude Oman Block 61 deemed sales volume from tax payment by government
24
(3) Consisted of Revenue from Pipeline, Gain from FX, Forward Contract, and Oil price Hedging
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