| BUSINESS PERFORMANCE (1) |
2009 |
2008 |
2007 |
| Dated Brent assumption ($/bbl) |
61.51 |
97.00 |
72.40 |
| FX rate ($/£) |
1.55 |
1.89 |
2.00 |
| Henry Hub ($/mmbtu) |
4.16 |
8.90 |
6.95 |
| |
|
|
|
| E&P production (mmboe) |
234.9 |
226.7 |
220.3 |
| – oil volume (mmboe) |
30.8 |
30.6 |
28.2 |
| – liquids volume (mmboe) |
35.7 |
35.3 |
35.7 |
| – gas volume (mmboe)(3) |
168.4 |
160.8 |
156.4 |
| - of which UK gas (mmboe) |
26.2 |
30.3 |
32.0 |
| - of which International gas (mmboe) |
142.2 |
130.5 |
124.4 |
| Realised avg UK gas price (pence per produced therm) |
43.07 |
42.69 |
33.32 |
| Realised avg Int’l gas price (pence per produced therm) |
18.10 |
22.23 |
15.53 |
| Overall avg gas price (pence per produced therm) |
22.20 |
26.28 |
19.36 |
| Realised avg oil price ($/bbl) |
60.94 |
95.43 |
73.39 |
| Realised avg liquids price ($/bbl) |
49.22 |
73.76 |
59.07 |
| |
|
|
|
| Total operating profit including share of pre-tax operating results from joint ventures and associates |
|
|
|
| (£ million) |
|
|
|
| E&P (excluding Exploration) |
2,687 |
3,963 |
2,723 |
| Exploration charge |
(600) |
(451) |
(336) |
| Exploration and Production |
2,087 |
3,512 |
2,387 |
| Liquefied Natural Gas |
1,551 |
1,585 |
521 |
| Transmission and Distribution |
426 |
160 |
247 |
| Power |
158 |
118 |
130 |
| Other activities |
(11) |
(20) |
(37) |
| Total operating profit |
4,211 |
5,355 |
3,248 |
| Net finance costs(5) |
(144) |
25 |
(27) |
| Profit before tax |
4,067 |
5,380 |
3,221 |
| Tax on profit on ordinary activities(6) |
(1,708) |
(2,287) |
(1,385) |
| Profit for the period |
2,359 |
3,093 |
1,836 |
| Minority interest |
(96) |
(25) |
(53) |
| Earnings (BG Group shareholders) |
2,263 |
3,068 |
1,783 |
| Earnings per ordinary share |
67.3p |
91.6p |
52.7p |
| Dividend per share |
12.35p |
11.23p |
9.36p |
| |
|
|
|
| Net cash flow from operating activities |
3,544 |
4,391 |
2,741 |
| Capital investment |
5,205 |
5,444 |
2,497 |
| Capital investment excluding acquisitions |
4,136 |
3,037 |
1,923 |
| Net (borrowings)/funds |
(2 956) |
(972) |
25 |
| Gearing ratio (%) |
16.9 |
7.1 |
(0.3) |
|
|
| |
|
|
|
| Additional Information: E&P |
|
|
|
| Lifting costs ($/boe) |
$3.69 |
$3.67 |
$3.29 |
| – lifting costs (£/boe) |
£2.38 |
£1.94 |
£1.64 |
| Opex ($/boe) |
$5.97 |
$6.40 |
$5.22 |
| – opex (£/boe) |
£3.85 |
£3.38 |
£2.61 |
| Gross exploration expenditure: |
1,177 |
923 |
536 |
| Capitalised |
926 |
717 |
304 |
| Other expenditure |
251 |
206 |
232 |
|
| |
| (1) All information is prepared under IFRS. Business Performance excludes disposals, certain re-measurements and impairments as exclusion of these items provides a clear and consistent presentation of the underlying operating performance of the Group's ongoing business. |
| |
| (2) BG Group has applied IFRIC 4 from 1 January 2006. Comparative information for 2005 and 2004 has been restated for IFRIC 4. For further detail, please see the www.bg-group.com website |
| |
| (3) Volumes from 2006 onwards include fuel gas. Volumes for 2005 and 2004 do not include fuel gas |
| |
| (4) Other activities include new business development expenditure and certain corporate costs |
| |
| (5) Includes share of joint ventures and associates net finance costs |
| |
| (6) Includes share of joint ventures and associates tax |