Standardized measure of discounted future net cash flows

(€ million)

Italy

Rest of Europe

North Africa

Sub-Saharan Africa

Kazakh-
stan

Rest of Asia

Americas

Australia and Oceania

Total

December 31, 2011

 

 

 

 

 

 

 

 

 

Consolidated subsidiaries

 

 

 

 

 

 

 

 

 

Future cash inflows

38,200

37,974

109,825

59,263

50,443

10,403

11,980

5,185

323,273

Future production costs

(5,740)

(7,666)

(17,627)

(15,191)

(7,845)

(3,852)

(2,687)

(813)

(61,421)

Future development and abandonment costs

(4,712)

(7,059)

(9,639)

(5,734)

(3,705)

(2,842)

(1,836)

(224)

(35,751)

Future net inflow before income tax

27,748

23,249

82,559

38,338

38,893

3,709

7,457

4,148

226,101

Future income tax

(9,000)

(15,912)

(46,676)

(23,075)

(9,866)

(1,124)

(2,474)

(1,254)

(109,381)

Future net cash flows

18,748

7,337

35,883

15,263

29,027

2,585

4,983

2,894

116,720

10% discount factor

(9,692)

(2,572)

(16,191)

(4,833)

(17,599)

(559)

(1,914)

(1,122)

(54,482)

Standardized measure of discounted future net cash flows of consolidated subsidiaries at December 31, 2011

9,056

4,765

19,692

10,430

11,428

2,026

3,069

1,772

62,238

Equity-accounted entities

 

 

 

 

 

 

 

 

 

Future cash inflows

 

21

649

1,866

 

6,141

15,067

 

23,744

Future production costs

 

(5)

(259)

(471)

 

(1,540)

(4,598)

 

(6,873)

Future development and abandonment costs

 

(2)

(36)

(147)

 

(1,247)

(1,754)

 

(3,186)

Future net inflow before income tax

 

14

354

1,248

 

3,354

8,715

 

13,685

Future income tax

 

(3)

(3)

(189)

 

(824)

(5,368)

 

(6,387)

Future net cash flows

 

11

351

1,059

 

2,530

3,347

 

7,298

10% discount factor

 

 

(183)

(475)

 

(1,825)

(2,155)

 

(4,638)

Standardized measure of discounted future net cash flows of equity-accounted entities at December 31, 2011

 

11

168

584

 

705

1,192

 

2,660

Total consolidated subsidiaries and equity-accounted entities at December 31, 2011

9,056

4,776

19,860

11,014

11,428

2,731

4,261

1,772

64,898

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

Consolidated subsidiaries

 

 

 

 

 

 

 

 

 

Future cash inflows

30,308

38,912

108,343

56,978

53,504

7,881

11,008

4,957

311,891

Future production costs

(5,900)

(8,190)

(18,555)

(14,844)

(9,561)

(2,854)

(2,520)

(921)

(63,345)

Future development and abandonment costs

(3,652)

(7,511)

(8,412)

(6,873)

(3,802)

(1,974)

(1,502)

(197)

(33,923)

Future net inflow before income tax

20,756

23,211

81,376

35,261

40,141

3,053

6,986

3,839

214,623

Future income tax

(6,911)

(15,063)

(44,256)

(21,348)

(10,293)

(903)

(2,906)

(1,181)

(102,861)

Future net cash flows

13,845

8,148

37,120

13,913

29,848

2,150

4,080

2,658

111,762

10% discount factor

(5,519)

(2,630)

(16,539)

(4,976)

(17,943)

(496)

(1,337)

(1,030)

(50,470)

Standardized measure of discounted future net cash flows of consolidated subsidiaries at December 31, 2012

8,326

5,518

20,581

8,937

11,905

1,654

2,743

1,628

61,292

Equity-accounted entities

 

 

 

 

 

 

 

 

 

Future cash inflows

 

1

658

3,594

 

6,689

18,132

 

29,074

Future production costs

 

 

(203)

(576)

 

(2,216)

(5,003)

 

(7,998)

Future development and abandonment costs

 

(1)

(17)

(101)

 

(1,061)

(2,563)

 

(3,743)

Future net inflow before income tax

 

 

438

2,917

 

3,412

10,566

 

17,333

Future income tax

 

 

(36)

(1,291)

 

(795)

(5,729)

 

(7,851)

Future net cash flows

 

 

402

1,626

 

2,617

4,837

 

9,482

10% discount factor

 

 

(206)

(962)

 

(1,747)

(3,621)

 

(6,536)

Standardized measure of discounted future net cash flows of equity-accounted entities at December 31, 2012

 

 

196

664

 

870

1,216

 

2,946

Total consolidated subsidiaries and equity-accounted entities at December 31, 2012

8,326

5,518

20,777

9,601

11,905

2,524

3,959

1,628

64,238

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

Consolidated subsidiaries

 

 

 

 

 

 

 

 

 

Future cash inflows

28,829

33,319

92,661

58,252

50,754

12,487

10,227

5,294

291,823

Future production costs

(6,250)

(6,836)

(16,611)

(15,986)

(9,072)

(3,876)

(2,379)

(1,417)

(62,427)

Future development and abandonment costs

(4,593)

(6,202)

(8,083)

(7,061)

(3,445)

(3,960)

(1,561)

(279)

(35,184)

Future net inflow before income tax

17,986

20,281

67,967

35,205

38,237

4,651

6,287

3,598

194,212

Future income tax

(5,776)

(12,746)

(35,887)

(20,491)

(9,939)

(1,391)

(2,387)

(1,093)

(89,710)

Future net cash flows

12,210

7,535

32,080

14,714

28,298

3,260

3,900

2,505

104,502

10% discount factor

(5,048)

(2,110)

(14,327)

(5,619)

(16,984)

(1,683)

(1,353)

(1,201)

(48,325)

Standardized measure of discounted future net cash flows of consolidated subsidiaries at December 31, 2013

7,162

5,425

17,753

9,095

11,314

1,577

2,547

1,304

56,177

Equity-accounted entities

 

 

 

 

 

 

 

 

 

Future cash inflows

 

 

524

4,041

 

262

17,239

 

22,066

Future production costs

 

 

(164)

(1,465)

 

(38)

(5,467)

 

(7,134)

Future development and abandonment costs

 

 

(17)

(85)

 

(73)

(2,299)

 

(2,474)

Future net inflow before income tax

 

 

343

2,491

 

151

9,473

 

12,458

Future income tax

 

 

(20)

(1,617)

 

(61)

(4,156)

 

(5,854)

Future net cash flows

 

 

323

874

 

90

5,317

 

6,604

10% discount factor

 

 

(175)

(401)

 

(20)

(3,681)

 

(4,277)

Standardized measure of discounted future net cash flows of equity-accounted entities at December 31, 2013

 

 

148

473

 

70

1,636

 

2,327

Total consolidated subsidiaries and equity-accounted entities at December 31, 2013

7,162

5,425

17,901

9,568

11,314

1,647

4,183

1,304

58,504

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