ファConsolidated Financial Results for the Nine Months ended December 31, 2007
February 8, 2008
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 Nine Months ended December 31, 2007 (April 1, 2007-December 31, 2007)(1) Consolidated operating results(The percentage expressions represent the changes from the corresponding period of the previous fiscal year)

Net sales
For the nine months ended
December 31, 2007
December 31, 2006
For the year ended
March 31, 2007

Operating income

Million yen%

857,894
729,234

Million yen

17.6―

494,848
430,885
559,077

Net income pershare—basic

Net income pershare—diluted

Net income

Million yen

14.8―

969,712For the nine months ended
December 31, 2007
December 31, 2006
For the year ended
March 31, 2007

Ordinary income%

481,336
427,429

%

12.6
―

%

117,233
107,006

586,262

Yen

Million yen

9.6―

165,091

Yen

49,741.34
45,701.26――

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

1,753,021
1,548,763

1,184,933
995,97163.4
61.3

471,462.32
404,351.68

1,608,106

1,080,016

64.0

436,467.92

Total assets
As of December 31, 2007
As of December 31, 2006
As of March 31, 2007

Net assets(3) Consolidated cash flows
For the nine months ended
December 31, 2007
December 31, 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

219,440
191,548(164,989)(162,962)(29,106)
9,573

208,903
192,006

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 previous fiscal year)

Net sales
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

1,165,000

20.1

682,000

22.0

659,000

12.4

153,000(7.3)

64,926.78

― 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 and financial and tax schemes may cause actual
results to differ from the above forecasts.
【Qualitative Information / Financial Statements】
1. Qualitative Information on Consolidated Financial Results
During the nine months ended December 31, 2007, consolidated net sales increased by ¥128,660 million, or 17.6%, to ¥857,894
million from the corresponding period of the previous fiscal year mainly due to the increase in sales volume and sales price of crude
oil and natural gas, and besides, the average exchange rate of Japanese yen against U.S. dollar fell for sales during the nine months
ended December 31, 2007. Net sales of crude oil increased by ¥104,089 million, or 23.0%, to ¥556,380 million, and net sales ofnatural gas increased by ¥24,591 million, or 9.6% to ¥280,860 million, respectively. Sales volume of crude oil increased by 2,683
Mbbls, or 4.4%, to 63,127 Mbbls mainly due to increase in production volume at ACG Oil Fields. Sales volume of natural gas
increased by 15,787 MMcf, or 5.7%, to 294,193 MMcf. Sales volume of natural gas produced overseas increased by 3,886 MMcf, or
1.6%, to 250,514 MMcf mainly due to initiation of natural gas sales at Venezuela project and sales volume of natural gas produced
domestically increased by 319 MM㎥, or 37.4%, to 1,170 MM㎥ (43,678 MMcf) mainly due to increase in sales volume for majorclients. The average sales price of crude oil produced overseas increased by US$10.62 per bbl, or 16.5 %, to US$74.81 per bbl andthe average sales price of natural gas produced overseas increased by US$0.19 per Mcf, or 2.5%, to US$7.85 per Mcf. The lessincrease in the average sales price of natural gas produced overseas relative to crude oil 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 energy demand. In addition, the average sales price of natural gas produced
domestically increased by ¥0.56, or 1.6%, to ¥35.23 per ㎥. The average exchange rate of Japanese yen against U.S. dollar fell forsales ¥1.21, or 1.0%, to ¥117.34 per U.S. dollar from the corresponding period of the previous fiscal year.
The increase of ¥128.6 billion in net sales was derived mainly from the following factors: an increase in sales volume of crude oil andnatural gas contributed ¥33.0 billion, a increase in unit sales price contributed ¥87.5 billion, and the depreciation of Japanese yen
against U.S. dollar contributed ¥8.1 billion, whereas net sales excluding crude oil and natural gas remained constant from thecorresponding period of the previous fiscal year.
Cost of sales for the nine months ended December 31, 2007 increased by ¥41,084 million, or 16.4%, to ¥292,020 million mainly due
to increase in cost recovery at ACG Oil Fields, increase in expenses for development wells at South Natuna See Block B and increasein royalty at ADMA Block owing to increase in sales. Exploration expenses increased by ¥12,198 million, or 102.8%, to ¥24,064
million. Selling, general and administrative expense increased by ¥11,414 million, or 32.1%, to ¥46,961 million mainly due toincrease in transportation cost of crude oil. As a result, operating income increased by ¥63,962 million, or 14.8%, to ¥494,848 million.
Other income increased by ¥6,710 million, or 35.7 %, to ¥25,519 million mainly due to net gain on re-determination of unitized field,
which is reflecting to adjustment as a result of increase in participating rights by reason of re-determination of reserves at BayuUndan Field, and net gain on taking effect of exploration and production agreement which reflects adjustment of the effect of joint
venture agreement at Venezuela project. Other expenses increased by ¥16,766 million, or 75.3%, to ¥39,031 million mainly due toloss on valuation of investment securities and provision for allowance for recoverable accounts under production sharing mainly due
to increase in exploration activities at Masela Block. As a result, ordinary income increased by ¥53,907 million, or 12.6%, to¥481,336 million.
Total amount of current income taxes and deferred income taxes increased by ¥34,194 million, or 10.9%, to ¥349,088 million, andminority interests were ¥15,013 million. As a result of above effects, net income for the nine months ended December 31, 2007
increased by ¥10,226 million, or 9.6%, to ¥117,233 million from the corresponding period of the previous fiscal year.
2. Qualitative Information on Consolidated Financial Position
Consolidated total assets as of December 31, 2007 increased by ¥144,915 million to ¥1,753,021 million from ¥1,608,106 million as ofMarch 31, 2007. This is mainly due to increase in recoverable accounts under production sharing by ¥47,733 million at Kashagan Oil
Field, Offshore Mahakam Block and others, increase in investment securities and marketable securities, and increase in accountreceivable-trade owing to increase in sales price of crude oil.
Meanwhile, total liabilities increased by ¥39,998 million to ¥568,088 million from ¥528,090 million as of March 31, 2007. Current
liabilities increased by ¥26,703 million to ¥292,950 million, long-term liabilities increased by ¥13,294 million to ¥275,138 million.
Net assets increased by ¥104,917 million to ¥1,184,933 million, and minority interests in net assets increased by ¥22,810 million to¥73,931 million.

― 2 ―

ファ

As for cash flows for the nine months ended December 31, 2007, net cash provided by operating activities increased by ¥27,892
million to ¥219,440 million from corresponding period of the previous fiscal year. This is mainly due to increase in sales volume andunit sales price of crude oil and natural gas, and besides, the average exchange rate of Japanese yen against U.S. dollar fell for sales
during the nine months ended for December 31, 2007. Meanwhile, net cash used in investing activities increased by ¥2,027 million to¥164,989 million mainly due to capital expenditure in recoverable accounts under production sharing, purchases of investment
securities and purchase of tangible fixed assets. Net cash used in financial activities increased by ¥38,679 million to ¥29,106 million
mainly due to repayments of long-term debt. After deducting the effect of exchange rate changes on cash and cash equivalents, theincrease in cash and cash equivalents at the end of the nine months ended December 31, 2007 amounted to ¥19,486 million. Cash andcash equivalents at the end of the nine months ended December 31, 2007 totaled ¥208,903 million reflecting above net increase of¥19,486 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 year ending March 31, 2008, which were previously announced on
November 9, 2007, due to the increase in the price of crude oil and other factors.
Forecasts for consolidated financial results for the year ending March 31, 2008
Operating
Net sales
income1,027,000
557,000
Previous Forecasts: Ａ
Revised Forecasts: Ｂ
Increase:Ｂ－Ａ
Rate of increase (%)(Millions of yen)
Ordinary
incomeNet income

540,000

127,000

1,165,000

682,000

659,000

153,000

138,000

125,000

119,000

26,000

13.4

22.4

22.0

20.5

The above forecasts are calculated based on the following assumptions:
Crude Oil Price(Brent)Exchange rates

Previous Forecasts

Revised Forecasts

Second-Half (October 1, 2007- March 31, 2008) :US$ 60/bbl

4th Quarter (January 1, 2008- March 31, 2008) :US$85/bbl(Second-half (October 1, 2007- March 31, 2008):
US$86.87/bbl)
4th Quarter (January 1, 2008- March 31, 2008) :¥105/US$1(Second-half (October 1, 2007-March 31, 2008):¥109.06/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:2/5/2008 1:30:00 PM

ファイル名:②H20.3第3四半期_要約BS(英文)4. Condensed Consolidated Financial Statements(1) Condensed Consolidated Balance Sheets

Accounts(Millions of yen, %)As of March 31, 2007
(A)
Amounts(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) Other
Allowance for recoverable
accounts under production
sharing
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

印刷日時:08/02/08 14:03

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

Ratio

As of December 31, 2007
(Reference)
Fluctuation As of December 31, 2006
(B)
Amounts

Ratio

29.5

174,674
134,808
95,251
111,239
515,973

13.6
16.5

238,236
270,027(B)-(A)

Amounts

Ratio

29.4

(19,604)
52,85339,664(31,064)
41,849207,618
76,47542,86896,024422,986

27.3

13.6
15.4

19,0094,206

217,725
269,22214.1
17.4

354,851

380,892

26,041

341,329

319,149

366,923

47,773

318,223

36,39759,27622,87836,355(51,190)(67,349)(16,158)(48,806)(10,273)(10,958)(684)(8,274)

648,934

40.4

728,784

41.6

79,850638,82741.2

1,133,982
1,608,106

70.5
100.0

1,237,048
1,753,021

70.6
100.0

103,065
144,915

1,125,776
1,548,763

72.7
100.0

16.5

18,50525,470106,971
142,003292,950

16.7(3,288)(25,179)
21,82833,341
26,70323,041
41,95895,437
101,935
262,372

16.9

198,320
63,523261,843
528,090

16.3
32.8

206,990
68,147275,138
568,088

15.7
32.4

8,670
4,624
13,29439,998227,338
63,079290,418552,791

18.8
35.7

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

1.9
26.0
35.5
(0.1)
63.3

30,000418,493662,604(2,054)
1,109,042

1.7
23.9
37.8
(0.1)
63.3

―
2
92,483(946)
91,53930,000417,500
512,036(10,765)
948,770

1.9
27.0
33.1
(0.7)
61.3

9,348

0.6

1,318

0.1

(8,029)(1,296)

(0.1)

17

0.0

9

0.0

(8)

20

0.0

2,025

0.1

629

0.0

(1,395)

1,312

0.1

11,391

0.7

1,958

0.1

(9,433)35

0.051,121
1,080,016
1,608,106

3.2
67.2
100.0

73,931
1,184,933
1,753,021

4.2
67.6
100.0

22,810104,917
144,915

47,165995,971
1,548,763

3.0
64.3
100.0

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

更新日時(2) Condensed Consolidated Statements of Income

Accounts

For the nine months
ended December 31,
2006 (A)Amounts
Ratio

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

Ⅰ Net sales

729,234

100.0

857,894

100.0

128,660

969,712

100.0

Ⅱ Cost of sales

250,935

34.4

292,02034.0

41,084

343,79435.5

Gross profit

478,298

65.6

565,874

66.0

87,575625,918

64.5

Ⅲ Exploration expenses

11,866

1.6

24,0642.8

12,198

17,688

1.8

Ⅳ Selling, general andadministrative expenses

35,547

4.9

46,961

5.5

11,414

49,1525.0

430,88559.1

494,848

57.7

63,962559,077

57.7

18,808

2.6

25,5192.9

6,710

60,079

6.1

Operating income
Ⅴ Other income
1 Interest income

9,440

8,731

(708)

12,8432 Equity in earnings of affiliates

1,526

1,831

305

1,349

―

4,005

4,005

―

―

3,527

3,527

―

5 Foreign exchange gain

2,582

277

(2,305)

5,738

6 Other

5,259

7,146

1,886

40,147

16,76632,893

3 Net gain on re-determination of unitizedfield
4 Net gain on taking effect of explorationand production agreement

Ⅵ Other expenses

22,265

1 Interest expense

9,230

8,820

(409)

12,3893,165

15,22812,062

6,176

―

7,915

7,915

―

9,869

7,066

(2,802)

14,3282 Provision for allowance for recoverable
accounts under production sharing
3 Loss on valuation of investment
securities
4 Other

3.1

39,031

4.5

3.4

Ordinary income

427,42958.6

481,336

56.1

53,907586,262

60.4

Income before income taxes and minority
interests

427,42958.6

481,336

56.1

53,907586,262

60.4

Income taxes-current

325,266

44.6

349,14440.7

23,877432,894

44.6

Income taxes-deferred(10,372)

(1.4)

(55)

(0.0)

10,317(19,655)

(2.0)

5,528

0.8

15,013

1.7

9,485

7,932

0.8

107,006

14.7

117,233

13.7

10,226

165,09117.0

Minority interests
Net income― 5 ―ファイル名:④H20.3第3四半期_要約CF(英文)更(3) Condensed Consolidated Statements of Cash Flows

Accounts

For the nine months
ended December 31,
2006

For the nine months
ended December 31,
2007(Millions of yen)
(Reference)
For the year ended
March 31, 2007

Amounts

Amounts

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

427,429
22,0005,239

481,336
26,694
4,926

586,262
30,599
6,977

3,713

16,224

6,080(11,402)(12,611)(15,134)

9,230

8,820

12,389Interest expense

(263)

(775)

(1,652)Equity in earnings of affiliates(1,526)(1,831)(1,349)Accounts receivable-trade
Recovery of recoverable accounts under
production sharing (capital expenditures)
Recoverable accounts under production
sharing (operating expenditures)
Other(4,919)(53,220)(10,385)

80,50280,523105,949(16,459)(28,795)(18,955)(7,915)22,856(37,220)505,628

544,148

663,561

Foreign exchange gain

SubtotalInterest and dividends received

15,527

12,223

20,559Interest paid

(8,099)(8,933)(11,993)(321,508)(327,997)(440,146)

Net cash provided by operating activities
Ⅱ Cash flows from investing activities

191,548

219,440

231,981

Proceeds from sales of marketable securities

15,64336,156

23,643

Payments for purchases of tangible fixed assets(27,237)(35,977)(37,844)

Income taxes paid

944

104

955

Payments for purchases of investment securities(76,661)(87,384)(109,823)

Proceeds from sales of investment securities
Investment in recoverable accounts under
production sharing (capital expenditures)
Payments for purchases of mining rights

26,704104

43,609(87,222)(99,568)(111,313)―(16,082)―

Proceeds from sales of tangible fixed assets―

27,890

6,707(15,132)

9,765(25,176)(162,962)(164,989)(209,243)

Proceeds from transfer of mining rights
Other
Net cash used in investing activities
Ⅲ Cash flows from financing activities
Proceeds from long-term debt
Repayments of long-term debt

24,32534,46130,083(14,238)(44,066)(38,661)

Cash dividends paid

(10,789)(24,750)(10,791)

Stock transfer payment

(867)

(0)

(867)

Other

11,144

5,249

34,031

9,573(29,106)

13,793

2,703(5,858)

1,741

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

40,863

19,48638,273

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

192,006

208,903

189,416― 6 ―1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
Natural gas
Subtotal

Crude oil andnatural gas

65 MMbbls(237 Mbbls per day)
281 Bcf(1,021 MMcf per day)
112 MMboe(407 Mboe per day)
185 Mkl(1,205 Mbbls)

66 MMbbls(241 Mbbls per day)
293 Bcf(1,065 MMcf per day)
115 MMboe(418 Mboe per day)
170 Mkl(1,072 Mbbls)(Reference)
For the year ended
March 31, 200789 MMbbls(243 Mbbls per day)
384 Bcf(1,051 MMcf per day)
152 MMboe(418 Mboe per day)
243 Mkl(1,531 Mbbls)

395 tons

358 tons

534 tons― millions kWh

82 millions kWh― millions kWh

For the nine months ended
December 31, 2006

Category

Petroleumproducts
IodineElectric power
generation

Notes:For the nine months ended
December 31, 2007

1. The volume of LPG produced overseas is included in ‘Crude oil.’ On the other hand, the amount of LPG produced in thedomestic 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 nine months ended December 31 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 HoldingsGroup corresponds to the net economic take of our group.
Figures calculated by multiplying the gross production volume by our company’s interest share are 79 MMbbls (288
Mbbls per day) of crude oil, 516 Bcf (1,875 MMcf per day) of natural gas, and in total 165 MMboe (600 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.
(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 nine months ended
For the nine months ended
Business segment Category
For the year ended
December 31, 2006
December 31, 2007
March 31,2007
Crude Oil

60,444 Mbbls 452,291

63,127 Mbbls 556,380

278,406 MMcf

294,193 MMcf
256,269

Natural Gas

Crude oil andnatural gas

LPG: 1,102 Mbbls

83,276 Mbbls

607,400

366,080 MMcf
332,937

280,860
LPG: 1,233 Mbbls

LPG: 1,351 Mbbls

Others19,312

19,26625,782

Subtotal

727,873856,508

966,119

1,360

1,385

3,593

729,234

857,894

969,712

Other
Total
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 by using theiroperating results for the nine months ended September 30, 2007 except those subsidiaries prepared their financial statements
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.

― 7 ―6. Basic agreement on Offshore North Caspian Sea Block in the Republic of Kazakhstan
On January 14, 2008, all partners have agreed with the Government of Republic of Kazakhstan in principal on thefollowing terms and conditions relative to Offshore North Caspian Sea Block in Republic of Kazakhstan which
INPEX North Caspian Sea, Ltd., a consolidated subsidiary of the Company, holds 8.33% participating interest.
Further details of the conditions are in process of discussion to reach settlement by the end of May, 2008, therefore,
this agreement would not have significant impact on income for the year ending March 31, 2008.
(1) Construction of new operating and governance model(2) All partners except for KazMunayGas (KMG) will dilute proportionally their participating interest allowing
KMG’ stake to increase matching that of the major shareholders. As a result of this, the participating interest of
INPEX North Caspian Sea, Ltd. would be 7.56% from 8.33%.
(3) Partial alternation on the financial conditions of the production sharing agreement－ 8 －更新日時:2/4/2008 1:54:00 PM

ファイル名:⑥H20.3補足データ要約PL(INPEXサブ英文)

印刷日時:08/02/08 14:06[Supplemental materials]
1. Condensed Consolidated Statements of Income of INPEX CORPORATION(Millions of yen)
For the nine months ended
December 31, 2006
(A)
Amounts

For the nine months ended
December 31, 2007
(B)
Amounts

Ⅰ Net sales

664,582

771,727

107,144

Ⅱ Cost of sales

224,064

263,381

39,316Gross profit

440,518

508,346

67,827

Ⅲ Exploration expenses

10,94418,966

8,022

Ⅳ Selling, general and administrative
expenses

15,147

23,7298,581

414,426

465,650

51,224

Ⅴ Other income

17,061

18,247

1,185

1 Interest income

9,008

8,131

(877)

2 Equity in earnings of affiliates

1,266

1,051

(215)

―

4,005

4,005

4 Foreign exchange gain

2,431

459

(1,972)5 Other

4,355

4,600

245

Ⅵ Other expenses

17,43026,7599,329

1 Interest expense

8,622

8,108

(514)

2 Provision for allowance for recoverable
accounts under production sharing

2,678

13,573

10,895

3 Other

6,129

5,077

(1,051)

Ordinary income

414,057

457,138

43,080

Income before income taxes andminority interests

414,057

457,138

43,080

Income taxes-current

314,012

333,742

19,730

Income taxes-deferred(10,312)3,610

13,923

5,257

13,441

8,183

105,100

106,343

1,243

Accounts

Operating income

3 Net gain on re-determination of unitized
field

Minority interests
Net income― 9 ―Fluctuation(B)-(A)
Amounts

更新日時:2/7/2008 10:35:00 AM

ファイル名:⑦H20.3補足データ要約PL(TOCサブ英文)

印刷日時:08/02/08 14:06

2. Condensed Consolidated Statements of Income of Teikoku Oil Co., Ltd.
(Millions of yen)
For the nine months ended
December 31, 2006
(A)
Amounts

For the nine months ended
December 31, 2007
(B)

Fluctuation(B)-(A)

Amounts

Amounts

Ⅰ Net sales

81,360113,01231,652

Ⅱ Cost of sales

43,54755,474

11,927Gross profit

37,81357,53819,725

921

5,097

4,176

15,37718,3082,930

21,514

34,132

12,617

Ⅴ Other income

4,338

7,879

3,540

1 Interest income

425

552

126

2 Equity in earnings of affiliates

259

780

520

3 Net gain on taking effect of explorationand production agreement

―

3,527

3,527

4 Foreign exchange gain

151

―

(151)

5 Other

3,501

3,018

(483)

Ⅵ Other expenses

4,520

4,604

84

1 Interest expense

609

736

127

2 Provision for allowance for recoverable
accounts under production sharing

487

1,655

1,167

3 Foreign exchange loss

―

182

182

3,423

2,030

(1,392)

Ordinary income

21,33237,406

16,073

Income before income taxes andminority interests

21,33237,406

16,073

Income taxes-current

11,23015,282

4,052

Income taxes-deferred

308

(777)

(1,085)

Minority interests

270

1,572

1,301

9,522

21,32911,806

Accounts

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

4 Other

Net income― 10 ―