CNOOC Limited (HKEX:0883) Annual Report 2021



The latest annual report of CNOOC Limited (0883) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 0883 Annual Results

Amounts in CNY

Total Revenue
246.11B
Gross Profit
201.49B
EBIT
93.2B
Net Tangible Assets
466.05B
Net Income
70.32B
Capital Expenditures
-82.44B

0883 Income Statement 2021 Annual Report

As per the latest Income Statement of 0883, the Net revenue increased by ¥90.739B (58%) compared to the previous period. The operating income in 2021 increased by ¥59.571B (177%). The net income as per the annual report was 70.32B which increased by ¥45.364B (182%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue246.11B155.37B
Gross Profit201.49B119.46B
Operating Income93.2B33.63B
Income Before Tax95.82B34.91B
Net Income70.32B24.96B

Balance Sheet - 0883 2021 Annual Report

Read further: 0883 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of CNOOC Limited showed the company increased the cash on balance sheet by ¥17.413B (72%). The Net tangible assets of 0883 on the balance sheet were at 466.05B which is ¥47.469B (11%) more than previous annual report. The total stockholder equity also increased by ¥47.204B (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash41.43B24.02B
Total Assets786.57B 721.27B
Long Term Debt112.89B125.01B
Total Liabilities304.59B 287.35B
Total Shareholder Equity480.91B433.71B
Net Tangible Assets466.05B418.58B

Cash Flow Statement - 0883 2021 Annual Report

The 2021 annual cash flow statement of CNOOC Limited showed that the net income increased by ¥45.364B (182%) compared to previous reporting period. Also the capital expenditure of 0883 decreased by ¥-7.019B (-9%).

As of 2021, the total cash from investing activities was -96.23B and total cash from financing activities was -33.33B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income70.32B24.96B
Capital Expenditures-82.44B-75.42B
Dividends Paid-20.47B-25.85B
Total Cash From From Investing Activities-96.23B-50.85B
Total Cash From From Financing Activities-33.33B-38.7B

CNOOC Limited Annual Report History

Income Statement

Income Statement history of CNOOC Limited (HKEX:0883)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue246.11B155.37B233.2B227.71B
Cost Of Revenue44.63B35.91B53.77B57.95B
Gross Profit201.49B119.46B179.42B169.76B
Research Development----
Selling General Administrative8.96B8.82B8.06B7.43B
Non Recurring----
Other Operating Expenses22.47B13.78B17.83B20.09B
Total Operating Expenses152.91B121.74B151.83B149.44B
Operating Income93.2B33.63B81.37B78.27B
Total Other Income Expense Net2.62B1.28B4.28B-3.12B
Ebit93.2B33.63B81.37B78.27B
Interest Expense-3.19B-3.55B-3.04B-2.58B
Income Before Tax95.82B34.91B85.65B75.16B
Income Tax Expense25.51B9.95B24.6B22.48B
Minority Interest1.06B222M39M10M
Net Income From Continuing Ops70.31B24.96B61.05B52.67B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income70.32B24.96B61.05B52.67B
Net Income Applicable To Common Shares70.32B24.96B61.05B52.67B

Balance Sheet Statement

Balance Sheet Statement history of CNOOC Limited (HKEX:0883)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash41.43B24.02B33.68B14.99B
Short Term Investments38.3B41.81B17.16B13.76B
Net Receivables28.29B19.8B25.38B23.27B
Inventory5.7B5.64B6.31B5.85B
Other Current Assets11.82B10.45B8.89B7.99B
Total Current Assets207.98B163.39B205.94B191.15B
Long Term Investments48.7B47.81B50.04B28.77B
Property Plant Equipment474.18B455.83B449.73B413.38B
Good Will13.56B13.87B14.83B14.59B
Intangible Assets1.31B1.26B1.48B1.48B
Other Assets40.84B39.11B35.71B37.01B
Deferred Long Term Asset Charges28.59B27.75B25.99B27.46B
Total Assets786.57B721.27B757.73B686.38B
Accounts Payable21.59B18.11B19.83B13.68B
Short Long Term Debt11.03B11.22B12B4.03B
Other Current Liab53.55B41.88B52.02B48.05B
Long Term Debt112.89B125.01B136.15B133.48B
Other Liab92.04B81.46B75.04B58.84B
Minority Interest1.06B222M39M10M
Total Current Liabilities93.95B74.85B91.25B74.16B
Total Liab304.59B287.35B309.5B266.47B
Common Stock43.08B43.08B43.08B43.08B
Retained Earnings454.36B404.49B405.73B373.69B
Treasury Stock-16.53B-13.86B-627M3.13B
Other Stockholder Equity-16.53B-13.86B-627M3.13B
Total Stockholder Equity480.91B433.71B448.19B419.9B
Net Tangible Assets466.05B418.58B431.88B403.83B

Cash Flow Statement

Cash Flow Statement history of CNOOC Limited (HKEX:0883)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income70.32B24.96B61.05B52.67B
Depreciation64.68B60.22B58.43B56.44B
Change To Netincome15.03B-7.62B6.9B13.94B
Change To Account Receivables-9.8B5.62B-3.21B-940M
Change To Liabilities7.44B-3.33B1.44B301M
Change To Inventory-99M2.25B-1.3B1.72B
Total Cash From Operating Activities147.89B82.34B123.52B124.4B
Capital Expenditures-82.44B-75.42B-72.01B-51.27B
Investments-17.23B19.1B-655M-48.66B
Other Cashflows From Investing Activities3.4B5.46B5.15B3.89B
Total Cashflows From Investing Activities-96.23B-50.85B-67.46B-95.45B
Dividends Paid-20.47B-25.85B-28.97B-23.59B
Net Borrowings-6.88B-7.03B2.59B1.72B
Other Cashflows From Financing Activities-5.98B-5.82B-11.3B-5.24B
Total Cash From Financing Activities-33.33B-38.7B-37.69B-27.11B
Effect Of Exchange Rate-912M-2.45B311M208M
Change In Cash17.41B-9.66B18.68B2.05B