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 equal the contributions of the Oil & Gas segment. The differences in sales compared with the segment reporting results from sales for merchandise and services. Estimated income taxes were calculated using local applicable income tax rates.

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2013 (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

175

11

41

17

252

Depreciation, amortization and impairment

69

150

36

77

49

381

Other

8

(77)

33

(6)

(103)

(145)

Income before taxes

331

279

740

612

226

2,188

Income taxes

96

79

153

599

60

987

Operating income after taxes

235

200

587

13

166

1,201

Equity-accounted income

82

37

119

Income after taxes and equity-accounted income

235

200

505

(24)

166

1,082

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2012 (million €)

 

Germany

Rest of Europe

Russia

North Africa, Middle East1

South America

Total

1

Restated as a result of amended IFRS

Sales crude oil (including condensate and LPG)

519

130

127

1,565

150

2,491

Sales natural gas

157

316

898

4

228

1,603

Local duties (royalties, export, etc.)

113

2

155

60

88

418

Total sales (net of duties)

563

444

870

1,509

290

3,676

Production costs

115

146

72

124

94

551

Exploration expenses

10

192

14

43

15

274

Depreciation, amortization and impairment

70

350

32

35

46

533

Other

9

52

15

2

32

110

Income before taxes

359

(296)

737

1,305

103

2,208

Income taxes

104

(262)

143

1,211

29

1,225

Operating income after taxes

255

(34)

594

94

74

983

Equity-accounted income

109

89

198

Income after taxes and equity-accounted income

255

(34)

485

5

74

785