| Balance Sheet for CNOOC Ltd. (CEO) | | | | After Hours: $ 94.4094 |  3.9594 (+4.38%) | Volume: 410 | 4:13 PM EDT Oct 7, 2008 | | | | | | | Assets | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 3,202 | 1,841 | 1,114 | 1,702 | 1,740 | | Marketable Securities | 1,328 | 2,771 | 3,227 | 1,697 | 967 | | Receivables | 1,430 | 997 | 914 | 658 | 605 | | Inventories | 322 | 217 | 149 | 139 | 132 | | Other Current Assets | 1,359 | 312 | 100 | 67 | 91 | | Total Current Assets | 7,640 | 6,137 | 5,504 | 4,263 | 3,535 | | | Gross Fixed Assets | 23,764 | 19,302 | 13,189 | 10,998 | 8,589 | | Accumulated Depreciation | (7,467) | (6,052) | (4,934) | (4,058) | (3,380) | | Net Fixed Assets | 16,297 | 13,250 | 8,255 | 6,941 | 5,209 | | Intangibles | 182 | 181 | 161 | - | - | | Other Non-Current Assets | 528 | 328 | 300 | 160 | 135 | | Total Non-Current Assets | 17,007 | 13,759 | 8,716 | 7,101 | 5,344 | | Total Assets | 24,647 | 19,896 | 14,219 | 11,364 | 8,879 | | | Liabilities | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 692 | 531 | 355 | 375 | 480 | | Short Term Debt | - | 2 | 102 | 3 | 2 | | Other Current Liabilities | 1,652 | 882 | 785 | 519 | 642 | | Total Current Liabilities | 2,934 | 1,856 | 1,687 | 1,257 | 1,124 | | | Long Term Debt | 1,514 | 2,604 | 2,051 | 2,075 | 1,091 | | Deferred Income Tax | 863 | 927 | 846 | 808 | 699 | | Other Non-Current Liabilities | 924 | 694 | 516 | 373 | 320 | | Minority Interest | - | 5 | - | - | - | | Total Non-Current Liabilities | 3,301 | 4,230 | 3,413 | 3,256 | 2,109 | | Total Liabilities | 6,235 | 6,086 | 5,100 | 4,513 | 3,234 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 18,413 | 13,810 | 9,119 | 6,851 | 5,646 | | Total Equity | 18,413 | 13,810 | 9,119 | 6,851 | 5,646 | | Total Liabilities & Stock Equity | 24,647 | 19,896 | 14,219 | 11,364 | 8,879 | | | |
