INPEX CORPORATION Subsidiaries and Affiliates
63 Consolidated Subsidiaries
Japan Oil Development Co., Ltd. | UAE |
JODCO Onshore Limited | UAE |
JODCO Lower Zakum Limited | UAE |
INPEX Sahul, Ltd. | Timor‐Leste |
INPEX Ichthys Pty Ltd | Australia |
INPEX Southwest Caspian Sea, Ltd. | Azerbaijan |
INPEX North Caspian Sea, Ltd. | Kazakhstan |
INPEX Oil & Gas Australia Pty Ltd | Australia |
INPEX Eagle Ford, LLC | United States |
Teikoku Oil (Con Son) Co., Ltd. | Vietnam |
Ownership | Phase | Accounting Term | |
100% | Production | December | |
51% | Production | December | |
100% | Production | December | |
100% | Production | December | |
100% | Production | December | |
51% | Production | December | |
51% | Production | December | |
100% | Production | December | |
100% | Production | December | |
100% | Production | December | |
20 Equity Method Affiliates | |||
Major Affiliates | Ownership | Phase | Accounting Term |
44% | Production | December | |
49.99% | Production | December | |
66.245% | Production | December |
Major Subsidiaries
Country / RegionCountry / RegionMI Berau B.V. Angola Block 14 B.V. Ichthys LNG Pty LtdIndonesia Angola Australia
Copyright © 2021 INPEX CORPORATION. All rights reserved.
1
For the year ended December 31, 2020 (January 1 to December 31, 2020)
(Millions of yen)
Reportable segments | Adjustments *1 | Consolidated *2 | ||||||
Japan | Asia & Oceania | Eurasia (Europe & NIS) | Middle East & Africa | Americas | Total | |||
Net sales | 115,838 | 220,969 | 68,369 | 352,388 | 13,481 | 771,046 | ‐ | 771,046 |
Segment income (loss) | 14,341 | 56,522 | 4,481 | 186,408 | △2,128 | 259,625 | △11,154 | 248,471 |
*1 Adjustments of segment income of (¥11,154) million are corporate expenses. Corporate expenses are mainly amortization of goodwill that are not allocated to a reportable segment and general administrative expenses.
*2 Segment income is reconciled with operating income on the consolidated statement of income.
(Reference) Same Period Last Year (Jan ‐ Dec '19) | FY2020 (Jan ‐ Dec '20) | Change | % Change | |
Net sales (Billions of yen) | 3.4 | 2.7 | (0.6) | (19.6%) |
Sales volume (thousand bbl) | 412 | 257 | (156) | (37.8%) |
Average unit price of overseas production ($/bbl) | 40.06 | 35.54 | (4.52) | (11.3%) |
Average unit price of domestic production (¥/kg) | 66.02 | 60.77 | (5.25) | (8.0%) |
Average exchange rate (¥/$) | 109.10 | 106.47 | 2.63yen appreciation | 2.4% appreciation |
Sales volume by region (thousand bbl) | (Reference) Same Period Last Year (Jan ‐ Dec '19) | FY2020 (Jan ‐ Dec '20) | Change | % Change |
Japan | 3 (0.3 thousand ton) | 2 (0.2 thousand ton) | (1) (‐0.1 thousand ton) | (29.1%) |
Asia & Oceania | 409 | 254 | (155) | (37.9%) |
Eurasia (Europe & NIS) | ‐ | ‐ | ‐ | ‐ |
Middle East & Africa | ‐ | ‐ | ‐ | ‐ |
Americas | ‐ | ‐ | ‐ | ‐ |
Total | 412 | 257 | (156) | (37.8%) |
(Reference) Same Period Last Year
(Billions of Yen) Other income Interest income* Dividend income
(Jan ‐ Dec '19)
FY2020 (Jan ‐ Dec '20)Change
% Change
63.3
3.1
7.5
63.8 33.4
6.7 6.6
(0.8)
30.3
0.4
0.7% ‐ (11.2%)
Guarantee commission received* Equity in earnings of affiliates* Foreign exchange gain
0.3
6.3
‐
36.6
‐
(36.6)
(100%)
0.8
‐
(0.8)
(100%)
Other
14.8
16.9
2.1
14.4%
Other expenses Interest expense
37.9
54.9
17.0
44.9%
27.7
19.0
(8.6)
(31.2%)
Equity in losses of affiliates*
‐
12.9
12.9
‐
Provision for allowance for recoverable accounts under production sharing
1.7
2.5
0.8
50.8%
Provision for exploration projects
0.2 3.4
0.0
(0.2)
(99.0%)
Other
Losses on valuation of investment securities Foreign exchange loss
‐ 4.7
8.2
5.5
6.5
8.2
0.7
3.0
87.4% ‐ 16.2%
*Presented as gross figures from FY2020 (previously presented as net figures)
(Reference)FY2020 (Jan ‐ Dec '20)
(Millions of yen)
FY2019/12 (Apr ‐ Dec '19)Note
Net income attributable to owners of parent
(111,699)
123,550
P/L
Net income (loss) attributable to non‐controlling interests
7,893
1,015
P/L
Depreciation equivalent amount
215,549 172,912
Depreciation and amortization
174,098 135,629 C/F Depreciation under concession agreements and G&A
Amortization of goodwill
6,760 5,022 C/F
Recovery of recoverable accounts under production sharing (capital expenditures)
34,691 32,261 C/F Depreciation under PS contracts
Exploration cost equivalent amount
11,642 18,541
Exploration expenses
9,074 15,426 P/L Exploration expense under concession agreements
Provision for allowance for recoverable accounts under production sharing
2,566 3,115 P/L Exploration expense under PS contracts
Provision for exploration projects
2
‐
P/L Exploration expense under PS contracts
Material non‐cash items
181,823 24,594
Income taxes‐deferred Foreign exchange loss (gain)
(12,926) 24,545
P/L
4,809 (747)
C/F
Impairment loss
189,940 796
C/F
Net interest expense after tax
(10,359)
13,992 354,604
P/L After‐tax interest expense minus interest income
Copyright © 2021 INPEX CORPORATION. All rights reserved.
6
EBIDAX
294,849
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Inpex Corporation published this content on 12 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2021 06:03:10 UTC.
