| BUSINESS PERFORMANCE (1) |
2007 |
2006 |
2005 |
|
|
| Dated Brent assumption ($/bbl) |
72.40 |
65.14 |
54.52 |
| FX rate ($/£) |
2.00 |
1.83 |
1.83 |
| Henry Hub ($/mmbtu) |
6.95 |
6.74 |
8.86 |
|
|
|
| E&P production (mmboe) |
220.3 |
219.2 |
183.8 |
| – oil volume (mmboe) |
28.2 |
21.1 |
19.3 |
| – liquids volume (mmboe) |
35.7 |
30.6 |
29.7 |
| – gas volume (mmboe)(3) |
156.4 |
167.5 |
134.8 |
| - of which UK gas (mmboe) |
32.0 |
37.1 |
36.5 |
| - of which International gas (mmboe) |
124.4 |
130.4 |
98.4 |
| Realised avg UK gas price (pence per produced therm) |
33.32 |
31.89 |
27.30 |
| Realised avg Int’l gas price (pence per produced therm) |
15.53 |
17.23 |
17.27 |
| Overall avg gas price (pence per produced therm) |
19.36 |
20.68 |
20.15 |
| Realised avg oil price ($/bbl) |
73.39 |
65.54 |
55.96 |
| Realised avg liquids price ($/bbl) |
59.07 |
52.68 |
41.77 |
|
|
| |
|
| Total operating profit including share of pre-tax operating results from joint ventures and associates |
|
| (£ million) |
|
| E&P (excluding Exploration) |
2,723 |
2,729 |
2,123 |
| Exploration charge |
(336) |
(272) |
(181) |
| Exploration and Production |
2,387 |
2,457 |
1,942 |
| Liquefied Natural Gas |
521 |
352 |
181 |
| Transmission and Distribution |
247 |
231 |
211 |
| Power |
130 |
106 |
113 |
| Other activities |
(37) |
(43) |
(58) |
| Total operating profit |
3,248 |
3,103 |
2,389 |
| Net finance costs(5) |
(27) |
(43) |
(65) |
| Profit before tax |
3,221 |
3,060 |
2,324 |
| Tax on profit on ordinary activities(6) |
(1,385) |
(1,375) |
(939) |
| Profit for the period |
1,836 |
1,685 |
1,385 |
| Minority interest |
(53) |
(45) |
(31) |
| Earnings (BG Group shareholders) |
1,783 |
1,640 |
1,354 |
| Earnings per ordinary share |
52.7p |
47.4p |
38.2p |
| Dividend per share |
9.36p |
7.20p |
6.00p |
|
|
| Net cash flow from operating activities |
2,741 |
2,381 |
1,626 |
| Capital investment |
2,497 |
1,847 |
1,595 |
| Capital investment excluding acquisitions |
1,923 |
1,800 |
1,566 |
| Net (borrowings)/funds |
25 |
(103) |
(30) |
| Gearing ratio (%) |
(0.3) |
1.6 |
0.4 |
| Post-tax return on average capital employed (%) |
25.8 |
26.2 |
22.6 |
|
|
| |
|
| Additional Information: E&P |
|
| Lifting costs ($/boe) |
$3.29 |
$2.45 |
$2.17 |
| – lifting costs (£/boe) |
£1.64 |
£1.34 |
£1.19 |
| Opex ($/boe) |
$5.22 |
$4.18 |
$4.04 |
| – opex (£/boe) |
£2.61 |
£2.29 |
£2.21 |
| Gross exploration expenditure: |
536 |
555 |
336 |
| Capitalised |
304 |
396 |
225 |
| Other expenditure |
232 |
159 |
111 |
|
| |
| (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 |
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