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Total assets of INPEX rise in Q1 2021

Oil&Gas Materials 14 May 2021 13:45 (UTC +04:00)
Total assets of INPEX rise in Q1 2021

BAKU, Azerbaijan, May 14

By Leman Zeynalova – Trend:

Total assets of Japan’s INPEX Corporation as of March 31, 2021 increased by ¥322.0 billion to ¥4,956.6 billion from ¥4,634.5 billion as of December 31, 2020, Trend reports citing the company.

Current assets increased by ¥103.7 billion to ¥490.8 billion due to an increase in cash and deposits and others. Fixed assets increased by ¥218.3 billion to ¥4,465.7 billion due to increases in tangible fixed assets, investments and other assets and others. Meanwhile, total liabilities increased by ¥144.0 billion to ¥1,777.2 billion from ¥1,633.1 billion as of December 31, 2020. Current liabilities increased by ¥37.3 billion to ¥376.6 billion and long-term liabilities increased by ¥106.6 billion to ¥1,400.5 billion. Net assets increased by ¥178.0 billion to ¥3,179.3 billion. Total shareholders' equity increased by ¥20.6 billion to ¥2,587.9 billion. Total accumulated other comprehensive income increased by ¥165.0 billion to ¥334.2 billion and non-controlling interests in net assets decreased by ¥7.6 billion to ¥257.1 billion.

Net sales for the three months ended March 31, 2021 decreased by ¥5.9 billion, or 2.4 percent, to ¥243.6 billion from the corresponding period of the previous fiscal year due to decreases in sales price of natural gas and sales volume of crude oil. Net sales of crude oil increased by ¥11.4 billion, or 7 percent, to ¥174.4 billion, and net sales of natural gas decreased by ¥17.4 billion, or 21.3 percent, to ¥64.6 billion. Sales volume of crude oil decreased by 1,020 thousand barrels, or 3.6 percent, to 27,241 thousand barrels, and sales volume of natural gas decreased by 896 million cf, or 0.7 percent, to 120,356 million cf. Sales volume of overseas natural gas decreased by 2,504 million cf, or 2.6 percent, to 95,293 million cf, and sales volume of domestic natural gas increased by 43 million ㎥, or 6.9 percent, to 672 million ㎥ (25,063 million cf). The average sales price of overseas crude oil increased by US$7.57, or 14.3 percent to US$60.38 per barrel. The average sales price of overseas natural gas decreased by US$0.89, or 19.2 percent, to US$3.74 per thousand cf, and the average sales price of domestic natural gas decreased by ¥12.40, or 24.5 percent, to ¥38.29 per ㎥. The average exchange rate of the Japanese yen against the U.S. dollar on consolidated net sales appreciated by ¥3.03, or 2.8 percent, to ¥106.13 per U.S. dollar.

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