DolphinEnergy’s financedivision, which comprises 15 employees, is
also responsible for ensuring that all management, shareholder and
statutory requirements aremet. The company has put inplace strong
internal controlswith clear segregationof duties and appropriate
financial systems, policies andprocedures. DolphinEnergy uses
SystemsApplications andProducts (SAP) financial systems as the
company’s financial management system. The company’s financial
statements areprepared following the International Financial Reporting
Standards (IFRS) and are subject to a third-party audit. Audited financial
statements areproducedon aquarterly basis, communicatedwith
shareholders and approvedby theBoardof Directors. All financials
reportedbelowpertainonly todownstreamoperations andonly
represent part of DolphinEnergy’s financial statements.
Direct EconomicValueGenerated andDistributed (USDMillions)
EconomicValueDistributed (USDMillions)
1000
800
600
400
200
0
381.2
350.0
31.1
1450.4
1191.7
258.7
1576.1
1361.8
214.4
1874.3
1628.6
245.6
2007
2008
2009
2010
41.5
286.4
270.9
822.9
897.4
1,062.6
372.5
Revenues
EconomicValueDistributed
EconomicValueRetained
2007
2008
2009
2010
465.4
70
60
50
40
30
20
10
0
2007
2008
2009
2010
22.2
0.3
15.1
33.4
2.2
46.8
36.9
2.5
52.4
37.9
2.6
60.1
EmployeeWages andBenefits
Depletion, Depreciation, andAmorization
Community Investment
Payments toProvidersof Capital
OperatingCosts
