ファConsolidated Financial Results for the Three Months ended June 30, 2007
August 9, 2007
Note: The following report is an English translation of the Japanese-language original.
Company name

: INPEX Holdings Inc.

Stock Exchange on which the Company is listed

Code number: 1605

URL http://www.inpexhd.co.jp/

Representative: Naoki Kuroda, President

Contact person: Shuhei Miyamoto, General Manager, Corporate Communications Unit

: Tokyo Stock Exchange

TEL+81-3-5448-0205(Amounts less than one million yen are rounded off)
1. Consolidated Financial Results for the Three Months ended June 30, 2007 (April 1, 2007-June 30, 2007)(1) Consolidated operating results(The percentage expressions represent the changes from the corresponding period of the previous fiscal year)

Net sales
For the three months ended
June 30, 2007
June 30, 2006
For the year ended
March 31, 2007

Operating income

Million yen%

269,844
223,032

Million yen

21.0―

160,464
130,390559,077

Net income pershare—basic

Net income pershare—diluted

Net income

Million yen

23.1―

969,712For the three months ended
June 30, 2007
June 30, 2006
For the year ended
March 31, 2007

Ordinary income%

157,257
132,818

%

18.4
―

%

38,54525,760586,262

Yen

Million yen

49.6―

165,091

Yen

16,352.49
11,025.74――

70,423.45―(2) Consolidated financial position

Million yen

Net assets excluding minority interests
Net assets excluding
as a percentage of total assets
minority interests per share
Million yen%
Yen

1,677,430
1,449,551
1,608,106

1,115,758
894,154
1,080,016

Total assets
As of June 30, 2007
As of June 30, 2006
As of March 31, 2007

Net assets

62.9
58.7
64.0

447,838.05
364,230.57
436,467.92(3) Consolidated cash flows
For the three months ended
June 30, 2007
June 30, 2006
For the year ended
Mach 31, 2007

Cash flows from
Cash flows from investing Cash flows from financing Cash and cash equivalents at
operating activities
activities
activities
end of the period
Million yen
Million yen
Million yen
Million yen

83,424
66,137(63,530)(46,116)(16,290)(6,727)

196,996
163,077

231,981(209,243)

13,793

189,416

2. Estimated Consolidated Operating Results for the year ending March 31, 2008 (April 1, 2007-March 31, 2008) 【Reference】(The percentage expressions represent the changes from the corresponding period of the previous fiscal year)

Net sales
For the six months ending
September 30, 2007
For the year ending
March 31, 2008

Operating income

Ordinary income

Net income pershare

Net income

Million yen%

Million yen%

Million yen%

Million yen%

Yen

535,000

6.8

291,000(2.5)

287,000(2.4)

63,000(2.6)

26,728.74

1,008,000

3.9

529,000(5.4)

519,000(11.5)

120,000 (27.3)

50,911.89

― 1 ―

ファ

3. Others(1) Significant changes in scope of consolidation: No(2) Adoption of simplified accounting method: No(3) Changes in accounting policies: No*Explanation regarding the appropriate use of estimated consolidated operating results
The aforementioned forecasts of “2. Estimated Consolidated Operating Results for the year ending March 31, 2008” are based on
currently available information and contain many uncertainties. Changing business conditions including oil and gas price levels,
production and sales plans, projects development schedules, government regulations, financial conditions and regulationship with oil
and gas producing countries may cause actual results to differ from the above forecasts.
【Qualitative Information / Financial Statements】
1. Qualitative Information on Consolidated Financial Results
During the three months ended June 30, 2007, consolidated net sales increased by ¥46,812 million, or 21.0%, to ¥269,844 million
from the corresponding period of the previous fiscal year mainly due to the increase in sales volume of crude oil and natural gas, andbesides, the average exchange rate of Japanese yen against U.S. dollar fell for sales during the three months ended June 30, 2007. Net
sales of crude oil increased by ¥36,004 million, or 25.5%, to ¥177,321 million, and net sales of natural gas increased by ¥11,043
million, or 14.6% to ¥86,767 million, respectively. Sales volume of crude oil increased by 3,267 Mbbls, or 17.5%, to 21,924 Mbbls
mainly due to increase in production volume at ACG Oil Fields and increase in sales volume at ADMA Block. Sales volume of natural
gas increased by 15,382 MMcf, or 18.5%, to 98,656 MMcf. Sales volume of natural gas produced overseas increased by 11,627
MMcf, or 15.8%, to 85,102 MMcf mainly due to initiation of natural gas sales at Venezuela project and sales volume of natural gas
produced domestically increased by 101 MM㎥, or 38.3%, to 363 MM㎥ (13,554 MMcf) mainly due to increase in sales volume formajor clients. The average sales price of crude oil produced overseas increased by US$0.84 per bbl, or 1.3 %, to US$66.62 per bbl.
Meanwhile, the average sales price of natural gas produced overseas decreased by US$0.69 per Mcf, or 9.0%, to US$6.93 per Mcf.
The decrease in the average sales price of natural gas produced overseas was mainly due to lower unit price of the Venezuela project,
whose sales are recorded from the current period. By the energy policy of government of Venezuela, natural gas produced is supplied
at lower price for domestic demand for energy, such as electric power generation. Meanwhile, the average sales price of natural gas
produced for existing overseas projects decreased by 3.0%. In addition, the average sales price of natural gas produced domesticallyincreased by ¥0.15, or 0.4%, to ¥35.36 per ㎥. The average exchange rate of Japanese yen against U.S. dollar fell for sales ¥6.40, or
5.6%, to ¥120.92 per U.S. dollar from the corresponding period of the previous fiscal year.
The increase of ¥46.8 billion in net sales was derived mainly from the following factors: an increase in sales volume of crude oil andnatural gas contributed ¥31.8 billion, a fluctuation of unit price contributed ¥0.3 billion, and the depreciation of Japanese yen against
U.S. dollar contributed ¥13.1 billion. Besides, the initiation of sales at Venezuela project contributed ¥1.7 billion. In addition to this,net sales excluding crude oil and natural gas decreased by ¥0.2 billion.
Cost of sales for the three months ended June 30, 2007 increased by ¥15,778 million, or 20.9%, to ¥91,134 million mainly due toincrease in royalty at ADMA Block owing to increase in sales and increase in expenses for exploratory wells at Offshore Mahakam
Block. Exploration expenses decreased by ¥3,039 million, or 50.7%, to ¥2,958 million. Selling, general and administrative expense
increased by ¥3,999 million, or 35.4%, to ¥15,287 million mainly due to increase in transportation cost of crude oil. As a result,operating income increased by ¥30,073 million, or 23.1%, to ¥160,464 million.
Other income increased by ¥753 million, or 8.7 %, to ¥9,390 million, and other expenses increased by ¥6,387 million, or 102.9%, to¥12,597 million mainly due to foreign exchange loss arisen from loans denominated in foreign currency. As a result, ordinary income
increased by ¥24,439 million, or 18.4%, to ¥157,257 million.
Total amount of current income taxes and deferred income taxes increased by ¥9,257 million, or 8.9%, to ¥113,033 million, andminority interests were ¥5,678 million. As a result of above effects, net income for the three months ended June 30, 2007 increased by¥12,785 million, or 49.6%, to ¥38,545 million from the corresponding period of the previous fiscal year.
2. Qualitative Information on Consolidated Financial Position
Consolidated total assets as of June 30, 2007 increased by ¥69,324 million to ¥1,677,430 million from ¥1,608,106 million as of March
31, 2007. This is mainly due to ¥42,456 million increase in investment securities and ¥12,978 million increase in recoverable accounts
under production sharing at Kashagan Oil Field, Offshore Mahakam Block and others.
Meanwhile, total liabilities increased by ¥33,581 million to ¥561,672 million from ¥528,090 million as of March 31, 2007. Current
liabilities increased by ¥15,488 million to ¥281,735 million mainly due to increase in overseas income taxes payable. Long-term
liabilities increased by ¥18,093 million to ¥279,936 million mainly due to increase in long-term debt for development of Kashagan
Oil Field.
Net assets increased by ¥35,742 million to ¥1,115,758 million, and minority interests in net assets increased by ¥9,076 million to¥60,198 million.

― 2 ―

ファ

As for cash flows for the three months ended June 30, 2007, net cash provided by operating activities increased by ¥17,287 million to¥83,424 million from corresponding period of the previous fiscal year. This is mainly due to increase in sales volume of crude oil andnatural gas, and besides, the average exchange rate of Japanese yen against U.S. dollar fell for sales during the three months ended forJune 30, 2007. Meanwhile, net cash used in investing activities increased by ¥17,414 million to ¥63,530 million mainly due topurchases of investment securities. Net cash used in financial activities increased by ¥9,562 million to ¥16,290 million mainly due torepayments of long-term debt. After adding ¥3,975 million of the effect of exchange rate changes on cash and cash equivalents, theincrease in cash and cash equivalents at the end of the three months ended June 30, 2007 amounted to ¥7,579 million. Cash and cash
equivalents at the end of the three months ended June 30, 2007 totaled ¥196,996 million reflecting above net increase of ¥7,579
million from ¥189,416 million at the end of the previous fiscal year.
3. Qualitative Information on Estimated Consolidated Operating Results
We have revised our consolidated financial forecasts for the six months ending September 30, 2007 and for the year ending March 31,
2008, which were previously announced in May 11, 2007 due to the increase in the price of crude oil and others.
1. Revisions of the forecasts for consolidated financial results for the six months ending September 30, 2007
(Millions of yen)
Net sales

OperatingincomeOrdinary
incomeNet income

Previous Forecasts: Ａ

429,000

208,000

214,000

52,000

Revised Forecasts: Ｂ

535,000

291,000

287,000

63,000Fluctuation: Ｂ－Ａ

106,000

83,00073,00011,000Fluctuation rate (%)

24.7％

39.9％

34.1％

21.2％

2.Revisions of the forecasts for consolidated financial results for the year ending March 31, 2008
(Millions of yen)
Net sales

OperatingincomeOrdinary
incomeNet income

Previous Forecasts: Ａ

856,000

414,000

410,000

96,000

Revised Forecasts: Ｂ

1,008,000

529,000

519,000

120,000

Fluctuation: Ｂ－Ａ

152,000

115,000

109,000

24,000Fluctuation rate (%)

17.8％

27.8％

26.6％

25.0％

The above forecasts are calculated based on the following assumptions:
Previous Forecasts

Revised Forecasts

Crude Oil Price

Full Year (April 1, 2007- March 31, 2008) :2nd Quarter (July 1, 2007- September 30, 2007) :(Brent)US$ 55/bbl

US$70.00/bbl
Second-Half (October 1, 2007- March 31, 2008) :US$60.00/bbl

Exchange rates

Full Year (April 1, 2007- March 31, 2008) :2nd Quarter (July 1, 2007- September 30, 2007) :(for sales of crude oil)

¥110/US$1¥115/US$1
Second-Half (October 1, 2007- March 31, 2008) :¥115/US$1

Crude oil prices which the Company sells depend on the type of crude oil, and there are also price differential between our crude oil
price and Brent price. Price differential are caused by its quality and its pricing range which is affected by the market conditions. Mostof our crude oil prices are lower than Brent price.

― 3 ―更新日時:8/8/2007 5:06:00 PM

ファイル名:②H20.3第1四半期_要約BS(英文)印刷日時:07/08/08 17:34

4. Condensed Consolidated Financial Statements(1) Condensed Consolidated Balance Sheets(Millions of yen, %)Accounts(Assets)
Ⅰ Current assets
1 Cash and deposits
2 Accounts receivable-trade
3 Marketable securities
4 Other
Total current assets
Ⅱ Fixed assets
1 Tangible fixed assets
2 Intangible assets
3 Investments and other assets(1) Investment securities(2) Recoverable accounts
under production sharing(3) OtherLess allowance forrecoverable accounts
under production sharing
Less allowance forinvestments in exploration
Total investments and otherassetsTotal fixed assets
Total assets(Liabilities)
Ⅰ Current liabilities
1 Accounts payable-trade
2 Short-term loans
3 Income taxes payable
4 Other
Total current liabilities
Ⅱ Long-term liabilities
1 Long-term debt
2 Other
Total long-term liabilities
Total liabilities(Net assets)
Ⅰ Shareholders’ equity
1 Common stock
2 Capital surplus
3 Retained earnings
4 Treasury stock
Total shareholders’ equity
Ⅱ Valuation, translation adjustments
and others
1 Unrealized holding gain (loss) on
securities
2 Unrealized gain from hedging
instruments
3 Translation adjustments
Total valuation, translation
adjustments and others
Ⅲ Minority interests
Total net assets
Total liabilities and net assets

As of March 31, 2007
(A)

As of June 30, 2007
(B)

Amounts

Amounts

194,278
81,95455,586142,304
474,123
219,227
265,821

Ratio

29.5

189,718
100,694
60,468130,281
481,16313.6
16.5

226,230
259,817

Ratio

Fluctuation(B)-(A)(Reference)
As of June 30, 2006
Amounts

Ratio

28.7

(4,560)18,7394,882(12,022)
7,039

155,360
65,58735,33490,501
346,783

23.9

13.5
15.5

7,003
(6,003)

212,471
274,02214.7
18.9

354,851

397,30742,456

325,734

319,149

332,127

12,978304,323

36,397

46,101

9,704

40,979(51,190)(53,560)(2,369)(46,534)(10,273)(11,757)(1,483)(8,230)648,93440.4

710,21942.3

61,285616,27342.5

1,133,982
1,608,106

70.5
100.0

1,196,267
1,677,430

71.3
100.0

62,284
69,324

1,102,767
1,449,551

76.1
100.0

16.5

23,68041,515
102,419
114,120
281,735

16.8

1,886
(9,133)
17,275
5,459
15,48822,99926,976
95,114
90,167235,257

16.2

198,320
63,523261,843
528,09016.3
32.8

214,770
65,166279,936
561,672

16.7
33.5

16,4501,643
18,09333,581

230,292
89,846
320,138
555,39622.1
38.3

30,000418,491
570,120(1,108)1,017,503

1.9
26.0
35.5
(0.1)
63.3

30,000418,491
592,164(1,436)
1,039,219

1.8
24.9
35.3
(0.1)
61.9

―
0
22,044(327)
21,71630,000415,892
430,735(19,865)
856,762

2.1
28.7
29.7
(1.4)
59.1

9,348

0.6

14,5350.9

5,187(6,875)

(0.5)

17

0.0

14

0.0

(3)

―

―

2,025

0.1

1,790

0.1

(234)

1,026

0.1

11,391

0.7

16,3401.0

4,948(5,849)(0.4)

51,121
1,080,016
1,608,106

3.2
67.2
100.0

60,198
1,115,758
1,677,430

3.6
66.5
100.0

9,076
35,742
69,324

43,242894,154
1,449,551

3.0
61.7
100.0

21,79350,64985,143
108,661
266,247― 4 ―ァイル名:③H20.3第1四半期_要約PL(英文)

更新日時(2) Condensed Consolidated Statements of Income

Accounts

For the three months
ended June 30, 2006
(A)
Amounts
Ratio

For the three months
ended June 30, 2007
(B)
Amounts
Ratio

Fluctuation(B) - (A)Amounts(Millions of yen, %)(Reference)
For the year ended
March 31, 2007
Amounts
Ratio

Ⅰ Net sales

223,032

100.0

269,844100.0

46,812969,712

100.0

Ⅱ Cost of sales

75,356

33.8

91,13433.8

15,778343,79435.5

Gross profit

147,675

66.2

178,709

66.2

31,033625,918

64.5

Ⅲ Exploration expenses

5,997

2.7

2,958

1.1

(3,039)17,688

1.8

Ⅳ Selling, general andadministrative expenses

11,2875.0

15,287

5.6

3,999

49,1525.0

130,390

58.5

160,46459.5

30,073559,077

57.7

Ⅴ Other income

8,637

3.9

9,390

3.5

753

60,079

6.1

1 Interest income

2,903

2,688

(215)

12,843

412

648

235

1,349

3 Foreign exchange gain

3,002

―

(3,002)

5,738

4 Other

2,318

6,053

3,735

40,147

Ⅵ Other expenses

6,209

6,387

32,893

1 Interest expense

2,733

3,192

458

12,3892 Provision for allowance forrecoverable accounts under
production sharing

726

1,826

1,100

6,176

3 Foreign exchange loss

―

2,692

2,692

―

2,750

4,885

2,135

14,328Operating income

2 Equity in earnings of affiliates

4 Other

2.8

12,597

4.7

3.4

Ordinary income

132,81859.6

157,257

58.3

24,439586,262

60.4

Income before income taxes andminority interests

132,81859.6

157,257

58.3

24,439586,262

60.4

Income taxes-current

107,11048.0

116,448

43.2

9,337

432,894

44.6

Income taxes-deferred(3,334)(1.5)(3,415)

(1.3)

(80)

(19,655)(2.0)

Minority interests

3,282

1.5

5,678

2.1

2,396

7,932

0.8

Net income

25,76011.6

38,545

14.3

12,785

165,091

17.0

― 5 ―

ファイル名:④H20.3第1四半期_要約CF(英文)更(3) Condensed Consolidated Statements of Cash Flows

Accounts

For the three months For the three months
ended June 30, 2006 ended June 30, 2007
Amounts

Amounts(Millions of yen)
(Reference)
For the year ended
March 31, 2007
Amounts

Ⅰ Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Amortization of goodwill
Provision for allowance for recoverable accounts
under production sharing
Interest and dividend income

132,818
6,608
1,736

157,257
8,652
1,541

586,262
30,599
6,977

1,441

2,384

6,080

(4,086)(3,903)(15,134)

Interest expense

2,733

3,192

12,389Foreign exchange loss (gain)(1,649)3,323(1,652)Equity in earnings of affiliates

(412)

(648)

(1,349)Accounts receivable-trade
Recovery of recoverable accounts under
production sharing (capital expenditures)
Recoverable accounts under production
sharing (operating expenditures)
Other

6,016

(18,809)(10,385)

23,362

18,593105,949(3,988)(3,027)(18,955)(2,696)

13,793(37,220)

161,883

182,348

663,561

SubtotalInterest and dividends received

4,039

3,980

20,559Interest paid

(1,958)(2,929)(11,993)

Income taxes paid

(97,826)(99,975)(440,146)

66,13783,424

231,981

Net cash provided by operating activities
Ⅱ Cash flows from investing activities
Proceeds from sales of marketable securities

12,143

9,156

23,643

Payments for purchases of tangible fixed assets(10,774)(11,902)(37,844)

Proceeds from sales of tangible fixed assets
Payments for purchases of investment securities
Proceeds from sales of investment securities
Investment in recoverable accounts under
production sharing (capital expenditures)
Other
Net cash used in investing activities
Ⅲ Cash flows from financing activities

110

25

955

(26,420)(49,588)(109,823)

8,523

104

43,609(28,484)(28,559)(111,313)(1,214)

17,232(18,469)(46,116)(63,530)(209,243)

Proceeds from long-term debt
Repayments of long-term debt

9,750

12,40530,083(4,890)(13,606)(38,661)

Cash dividends paid

(10,783)(16,501)(10,791)

Stock transfer payment

(867)

―

(867)

62

1,411

34,031
13,793
1,741

Other
Net cash (used in) provided by financing activities
Ⅳ Effect of exchange rate changes on cash
and cash equivalents
Ⅴ Net increase in cash and cash equivalents(6,727)(16,290)(1,359)3,975

11,934

7,579

38,273

Ⅵ Cash and cash equivalents at beginning of the period

151,143

189,416

151,143

Ⅶ Cash and cash equivalents at end of the period

163,077

196,996

189,416― 6 ―2ファイル名:

5. Production, orders received and sales performance(1) Actual production
The following table shows actual production by business segment:
Business segment

Crude oil andnatural gas

For the three months ended
June 30, 2006

For the three months ended
June 30, 2007

Crude oil

21 MMbbls(232 Mbbls per day)23 MMbbls(250 Mbbls per day)89 MMbbls(243 Mbbls per day)Natural gas

85 Bcf(935 MMcf per day)99 Bcf(1,083 MMcf per day)

384 Bcf(1,051 MMcf per day)Subtotal

35 MMboe(388 Mboe per day)

39 MMboe(431 Mboe per day)

152 MMboe(418 Mboe per day)Petroleumproducts

60 Mkl(376 Mbbls)

50 Mkl(314 Mbbls)

243 Mkl(1,531 Mbbls)

133 tons

126 tons

534 tons― millions kWh

20 millions kWh― millions kWh

IodineElectric power
generation
Notes:(Reference)
For the year ended
March 31, 2007

Category

1. The volume of LPG produced overseas is included in ‘Crude oil’. On the other hand, the amount of LPG
produced in the domestic refinery is included in ‘Petroleum Products.’
2. A portion of crude oil production volume is consumed as material for petroleum products.
3. A portion of crude oil and natural gas production volume is consumed as fuel to generate electricity.
4. The production by the Company’s affiliates accounted for by the equity method is included in the figures
above. Also the production volume is a result for the three months ended June 30 regardless of a closing
date on the basis of fiscal periods of its subsidiaries or affiliates.
5. The production volume of crude oil and natural gas under the production sharing contracts entered by
INPEX Holdings Group corresponds to the net economic take of our group.
Figures calculated by multiplying the gross production volume by our company’s interest share are 27
MMbbls (299 Mbbls per day) of crude oil, 167 Bcf (1,835 MMcf per day) of natural gas, and in total 55
MMboe (605 Mboe per day).
6. Boe means barrels of oil equivalent.
7. The volume of petroleum products is converted to bbl in parenthesis. Applied coefficient is 6.29 bbls per kl.
8. Iodine is refined on consignment by another company.
9. Figures are rounded to nearest whole number.

(2) Orders received
This information is not disclosed since the amount of orders received accounted for a minor portion of total sales. In
addition, there is no production for orders received in crude oil and natural gas business.

― 7 ―2ファイル名:(3) Actual salesa) In principle, we take back the full amount of crude oil allocated to us under production sharing contracts andproduced under concession agreements, and primarily sell it to Japanese refineries. We sell natural gas produced inIndonesia in the form of LNG to Japanese power companies and city gas companies through PERTAMINA and also
sell a part to customers in South Korea, Taiwan and other countries. In addition, we sell natural gas produced inJapan to customers using our pipeline.
b) Sales by business segment during each period were as follows:(Millions of yen)
(Reference)
For the three months ended
For the three months ended
Business segment Category
For the year ended
June 30, 2006
June 30, 2007
March 31,2007
Crude Oil

18,656 Mbbls 141,316
83 Bcf99 Bcf75,724Natural Gas

Crude oil andnatural gas

LPG: 356 Mbbls

Other
Total

21,924 Mbbls 177,321

83,276 Mbbls

607,400

366 Bcf
332,937

86,767
LPG: 380 Mbbls

LPG: 1,351 Mbbls

Others

5,569

5,301

25,782

Subtotal

222,610269,390

966,119

421

453

3,593

223,032

269,844969,712

Notes: 1. The above amounts do not include the related consumption tax.
2. The Company’s subsidiaries of which closing date for fiscal year is December 31 are principally consolidated
their operating results for the three months ended March 31, 2007 except those subsidiaries prepared theirfinancial statement for consolidation purpose as of the consolidation closing date. However, the significant
effects of the difference in fiscal periods were properly adjusted in consolidation.
3. Sales volumes are rounded to nearest whole number.

― 8 ―更新日時:8/6/2007 3:29:00 PM

ファイル名:⑦H20.3補足データ要約PL(INPEXサブ英文)

印刷日時:07/08/08 17:35[Supplemental materials]
1. Condensed Consolidated Statements of Income of INPEX CORPORATION(Millions of yen)
For the three months ended
June 30, 2006
(A)
Amounts

For the three months ended
June 30, 2007
(B)
Amounts

Ⅰ Net sales

203,372

241,562

38,189

Ⅱ Cost of sales

67,391

81,942

14,551Gross profit

135,981

159,620

23,638

Ⅲ Exploration expenses

5,948

1,575

(4,373)

Ⅳ Selling, general and administrative
expenses

4,395

7,924

3,529

125,637

150,120

24,482Ⅴ Other income

7,095

4,170

(2,924)

1 Interest income

2,817

2,532

(285)

329

308

(21)

3,045

―

(3,045)

901

1,330

428

Ⅵ Other expenses

5,357

11,693

6,335

1 Interest expense

2,531

2,957

426

2 Provision for allowance for recoverable
accounts under production sharing

603

1,164

561

3 Foreign exchange loss

―

3,101

3,101

2,222

4,469

2,247

Ordinary income

127,375

142,598

15,222

Income before income taxes andminority interests

127,375

142,598

15,222

Income taxes-current

103,837

109,876

6,038

Income taxes-deferred(4,012)(3,725)286

Minority interests

3,190

4,710

1,519

Net income

24,35931,737

7,377

Accounts

Operating income

2 Equity in earnings of affiliates
3 Foreign exchange gain
4 Other

4 Other― 9 ―Fluctuation(B)-(A)
Amounts

更新日時:8/7/2007 7:21:00 PM

ファイル名:⑧H20.3補足データ要約PL(TOCサブ英文)

印刷日時:07/08/08 17:36

2. Condensed Consolidated Statements of Income of Teikoku Oil Co., Ltd.
(Millions of yen)
For the three months ended
June 30, 2006
(A)
Amounts

For the three months ended
June 30, 2007
(B)

Fluctuation(B)-(A)

Amounts

Amounts

Ⅰ Net sales

24,19440,743

16,549

Ⅱ Cost of sales

12,48921,6629,172

Gross profit

11,70419,081

7,376

48

1,383

1,334

5,367

5,836

468

6,288

11,861

5,573

Ⅴ Other income

1,756

5,913

4,157

1 Interest income

86

133

47

2 Equity in earnings of affiliates

82

340

257

3 Foreign exchange gain

―

408

408

1,586

5,030

3,444

Ⅵ Other expenses

625

1,296

670

1 Interest expense

202

241

39

2 Provision for allowance for recoverable
accounts under production sharing

122

661

539

3 Other

300

392

91

Ordinary income

7,418

16,4799,060

Ⅶ Special income

―

2

2

1 Reversal of allowance for doubtful
accounts―

2

2

Ⅷ Special loss

―

15

15

1 Loss on the sales of tangible fixed assets

―

15

15

Income before income taxes andminority interests

7,418

16,466

9,047

Income taxes-current

3,267

6,558

3,290

Income taxes-deferred

747

311

(435)

Minority interests

92

968

876

3,311

8,628

5,317

Accounts

Ⅲ Exploration expenses
Ⅳ Selling, general and administrative
expenses
Operating income

4 Other

Net income― 10 ―