Changes in the standardized measure
of discounted future net cash flows |
|
| (in millions of euros) |
2001 |
2000 |
1999 |
|
| Beginning of the year |
33,545 |
30,084 |
9,284 |
|
| Consolidated |
|
|
|
|
| Sales and transfers, net of production
costs |
|
|
|
| and other expenses |
(12,220) |
(13,250) |
(7,174) |
|
| Net change in sales and transfer
prices, |
|
|
|
| net of production costs and other
expenses |
(11,190) |
11,867 |
30,796 |
|
| Extensions, discoveries and improved
recovery, |
|
|
|
| net of future production and
development costs |
932 |
2,065 |
6,945 |
|
| Changes in estimated future development
costs |
(2,285) |
(1,019) |
(2,570) |
|
| Previously estimated development
costs |
|
|
|
| incurred during the year |
4,145 |
4,062 |
2,885 |
|
| Revisions of previous quantity
estimates |
(235) |
1,965 |
3,416 |
|
| Accretion of discount |
3,355 |
3,008 |
1,198 |
|
| Net change in income taxes |
11,734 |
(4,688) |
(19,326) |
|
| Purchases of reserves in place |
(5) |
76 |
3,040 |
|
| Sales of reserves in place |
18 |
(625) |
(313) |
|
| Changes in production rates (timing)
and other |
- |
- |
1,903 |
|
| End of year |
27,794 |
33,545 |
30,084 |
|
|
|
