Operating income from oil and gas-producing activities

Operating income represents only those revenues and expenses directly associated with Wintershall’s oil and gas production. These amounts do not include financing costs (such as interest expenses) or corporate overhead costs and therefore do not correspond with the contributions associated with the Oil & Gas segment. The deviations in sales compared with segment reporting are the result of merchandise and service transactions not shown here, as well as the proportional inclusion in the IFRS-based Financial Statements of companies accounted for using the equity method. Estimated income taxes were computed using local applicable income tax rates. At year-end 2012, the assets and liabilities of Wintershall Noordzee B.V. were reclassified into a disposal group in the financial statements in anticipation of the asset swap planned with Gazprom. The cancellation of the transaction made it necessary to reintegrate the suspended write-downs by restating the figures for 2013.

2014 (in million €)

 

 

Germany

Rest of Europe

Russia

North Africa, Middle East

South America

Total

Sales crude oil (including condensate and LPG)

 

419

519

194

249

114

1,495

Sales natural gas

 

107

468

772

277

1,624

Local duties (royalties, export, etc.)

 

90

2

167

4

79

342

Total sales (net of duties)

 

436

985

799

245

312

2,777

Production costs

 

131

277

71

58

105

642

Exploration expenses

 

9

119

3

44

15

190

Depreciation, amortization and impairment

 

109

439

38

106

56

748

Other

 

10

(356)

61

12

(61)

(334)

Income before taxes

 

177

506

626

25

197

1,531

Income taxes

 

59

200

122

122

70

573

Operating income after taxes

 

118

306

504

(97)

127

958

Equity-accounted income

 

38

2

40

Income after taxes and equity-accounted income

 

118

306

466

(99)

127

918

2013 (in million €)

 

 

Germany

Rest of Europe

Russia

North Africa, Middle East

South America

Total

Sales crude oil (including condensate and LPG)

 

505

326

172

865

132

2,000

Sales natural gas

 

142

398

890

1

238

1,669

Local duties (royalties, export, etc.)

 

115

2

165

30

81

393

Total sales (net of duties)

 

532

722

897

836

289

3,276

Production costs

 

116

195

77

112

100

600

Exploration expenses

 

8

197

11

41

17

274

Depreciation, amortization and impairment

 

69

218

36

77

49

449

Other

 

8

(77)

33

(6)

(103)

(145)

Income before taxes

 

331

189

740

612

226

2,098

Income taxes

 

96

79

153

599

60

987

Operating income after taxes

 

235

110

587

13

166

1,111

Equity-accounted income

 

82

37

119

Income after taxes and equity-accounted income

 

235

110

505

(24)

166

992