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 do not correspond to the contributions to the Oil & Gas segment. The differences in sales compared to the segment reporting results from sales for merchandise and services. Estimated income taxes were computed using local applicable income tax rates.

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2012 (million €)

 

Germany

Rest of Europe

Russia, Caspian Sea region

North Africa, Middle East

South America

Total

Sales crude oil (incl. condensate and LPG)

519

130

127

2,943

150

3,869

Sales natural gas

157

316

898

7

228

1,606

Local duties (royalties, export, etc.)

113

2

155

118

88

476

Total sales (net of duties)

563

444

870

2,832

290

4,999

Production costs

115

146

72

232

94

659

Exploration expenses

10

192

14

43

15

274

Depreciation, amortization and impairment

70

350

32

61

46

559

Other

9

52

15

7

32

115

Operating income before taxes

359

(296)

737

2,489

103

3,392

Income taxes

104

(262)

143

2,309

29

2,323

Operating income after taxes

255

(34)

594

180

74

1,069

Minority interests

86

86

Operating income after taxes and minority interests

255

(34)

594

94

74

983

Thereof at-equity results

109

109

Operating income after taxes, minority interests and at-equity results

255

(34)

485

94

74

874

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2011 (million €)

 

Germany

Rest of Europe

Russia, Caspian Sea region

North Africa, Middle East

South America

Total

Sales crude oil (incl. condensate and LPG)

489

118

115

839

168

1,729

Sales natural gas

170

244

760

1

228

1,403

Local duties (royalties, export, etc.)

118

2

91

32

99

342

Total sales (net of duties)

541

360

784

808

297

2,790

Production costs

110

116

68

104

82

480

Exploration expenses

16

144

7

36

9

212

Depreciation, amortization and impairment

57

70

33

80

46

286

Other

7

6

17

24

(8)

46

Operating income before taxes

351

24

659

564

168

1,766

Income taxes

102

(23)

130

571

27

807

Operating income after taxes

249

47

529

(7)

141

959

Minority interests

21

21

Operating income after taxes and minority interests

249

47

529

(28)

141

938

Thereof at-equity results

100

100

Operating income after taxes, minority interests and at-equity results

249

47

429

(28)

141

838