SDFI and Petoro annual report 2023
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Accounts on cash basis, SDFI

General ledger accounts report

Total change open accounts with the Treasury
Assets and liabilities*20232022Change
O/U call6,377,448,4605,223,091,1831,154,357,277
AP nonop(3,130,003,302)(2,360,814,695)(769,188,607)
AR nonop999,193,720824,799,820174,393,900
Inventory nonop1,565,195,9901,655,026,657(89,830,667)
Prep exp nonop733,876,464553,817,712180,058,751
Working cap - nonop(5,635,085,292)(4,593,947,580)(1,041,137,712)
Total change open accounts with the Treasury914,132,6781,309,114,358(394,981,680)

O/U call - prepayments calculated net of JV cash call and settlement from operators
AP nonop - accounts payable in settlements from operators
AR nonop - accounts receivable in settlements from operators
Inventory nonop - inventory in settlements from JV operators
Prep exp nonop – prepaid expenses to operators – settlements
Working cap - nonop - primarily accruals in monthly settlements from operators
VAT - balance of VAT payments
Agio - rounding-off related to currency translation (agio/disagio)
Comment on open account from 2022 to 2023:       
The change was mainly caused by an increase in accounts payable and working capital in licences, but is partly offset by increased cash calls from operators.