| Capital employed |
|
|
|
|
|
|
| Year Ended December 31, |
2001
|
2000 |
1999 |
1998 |
| (in millions) |
$
|
€
|
€
|
€
|
€
|
|
| Non-current assets |
49,917
|
56,640
|
53,860
|
51,358
|
44,135
|
| Working capital |
4,299
|
4,878
|
4,977
|
5,583
|
4,050
|
| Long-term liabilities |
(14,073)*
|
(15,969)*
|
(14,823)
|
(13,139)
|
(10,668)
|
|
| Capital employed |
40,143
|
45,549
|
44,014
|
43,802
|
37,517
|
|
* After taking into account a 941 M€ (pre-tax) contingency reserve related to Toulouse - AZF plant explosion.
| Capital employed by business segment |
|
|
|
|
|
| Year Ended December 31, |
2001
|
2000 |
1999 |
| (in millions) |
$ |
€ |
€ |
€ |
|
| Upstream |
18,365 |
20,839 |
17,202 |
16,848 |
| Downstream |
9,690 |
10,995 |
10,664 |
11,563 |
| Chemicals |
9,300* |
10,552* |
11,461 |
10,755 |
| Corporate |
2,788 |
3,163 |
4,687 |
4,636 |
|
| Total |
40,143 |
45,549 |
44,014 |
43,802 |
|
* After taking into account a 941 M€ (pre-tax) contingency reserve related to Toulouse - AZF plant explosion.
| ROCE by business segment |
|
|
|
| (in millions of euros, except %) |
2001 |
2000 |
|
| Upstream |
|
|
| Net operating income |
4,652 |
4,841 |
| Capital employed at beginning of the year |
17,202 |
16,848 |
|
| ROCE |
27% |
29% |
|
| Downstream |
|
|
| Net operating income |
2,309 |
2,232 |
| Capital employed at beginning of the year |
10,664 |
11,563 |
|
| ROCE |
22% |
19% |
|
| Chemicals |
|
|
| Net operating income |
603 |
962 |
| Capital employed at beginning of the year |
11,461 |
10,755 |
|
| ROCE* |
7% |
10% |
|
| Business Segments |
|
|
| Net operating income |
7,564 |
8,035 |
| Capital employed at beginning of the year |
39,327 |
39,166 |
|
| ROCE* |
20% |
21% |
|
Net operating income excluding non-recurring items.
* Excluding the impact of acquisition goodwill amortization for Chemicals (145 M€ in 2001 and 143 M€ in 2000).
|
|
