Company type
Limited Corporation
Established
1990
Size
Micro
Employees
1
Revenue
4,679 MDKK
Gross profit
4,276 MDKK
Operating Profit (EBIT)
3,799 MDKK
Profit for the Year
1,032 MDKK
Equity
3,330 MDKK
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Rank Profit for the Year

Rank in industry
4/23
"Top 35%"
Rank in Denmark
139/303,207
"Top 10%"

Top management Top 3

Board Top 3

Elias Kassis 1Chairman of board
Martin Rune Pedersen 14Vice chairman
Christina Sjøberg Heineke Petersen 13Boardmember

Legal owners Top 3

100%Total E&P Danmark A/S

Rights certificate

Selskabet tegnes af et medlem af bestyrelsen eller af et medlem af direktionen.

Company information based on CVR

NameTotal E&P Algérie Berkine A/S
CVR14030573
AddressAmerika Plads 29, st, 2100 København Ø
IndustryExtraction of crude petroleum [61000]
Webhttp://
Established28-03-1990 (30 yr)
Company typeLimited Corporation
Number of employees1 (Fin.Stmt)
Advertising protectionNo
AuditorKpmg P/S since 11-05-2018
Financial statement period01-01 to 31-12
Company capital70,000,000 DKK
60,000,000 DKK (01-12-1998 - 24-08-1999)
54,000,000 DKK (13-05-1998 - 30-11-1998)
39,000,000 DKK (12-12-1997 - 12-05-1998)
34,500,000 DKK (21-07-1997 - 11-12-1997)
29,500,000 DKK (17-10-1996 - 20-07-1997)
Articles of assoc. last21-09-2018

Member of industries

Purpose

Selskabets formål er alt efter bestyrelsens nærmere bestemmelser af efterforske efter olie og gas i udlandet og at producere, transportere, raffinere, sælge eller omsætte disse produkter og anden hermed beslægtet virksomhed, alene eller i partnerskab med andre selskaber og/eller personer

Financial Statement

 201920182017
Currency/unit000' DKK000' DKK000' DKK
Revenue
4,679,207
-14%
5,433,670
+34%
4,042,509
+10%
Gross Profit
4,275,883
-12%
4,882,977
+36%
3,587,022
+14%
Profit for the Year
1,031,586
-22%
1,316,958
+40%
941,951
+68%
Equity
3,329,781
-14%
3,882,315
+51%
2,565,357
-37%
Total Assets
3,597,134
-15%
4,247,745
+37%
3,104,057
-33%

Mangement review

ActivitiesThe Company is a wholly owned subsidiary of Total E&P Danmark A/S.Total E&P Algérie Berkine A/S participates in production activities in two onshore blocks inpartnership with Anadarko, ENI and the state-owned oil company Sonatrach.Financial reviewFinancial performance for the yearThe result for 2019 shows a gain of USD 156 million, which is lower than the result for lastyear (2018: USD 200 million) mainly reflecting the decrease in oil price to an average ofUSD 63 (2018: USD 71) and thus in line with the expectations.In 2019, Total E&P Algérie Berkine A/S delivered an entitlement oil production of 29,060boepd, slightly lower than last year (2018: 31,200 boepd).Guidance for 2020Due to the current volatility of the oil prices it is hard to predict the result for 2020 but weare expecting a break-even result.External environmentTotal E&P Algérie Berkine A/S continuously supports the Operator in ensuring operationsare conducted in the safest and most efficient manner. Furthermore, Total E&P AlgérieBerkine A/S, through its active engagement in the Algerian joint operation, seeks to makeuse of environmentally friendly and energy efficient solutions to reduce negative impacton the environment.Payments to governmentsRequirements according to the Danish Financial Statements Act, section 99c have beenfulfilled, reference to reporting for parent Company Total S.A.. The information can befound from the Total S.A. annual report 2019 p. 240, 261 and 421 at:https://www.total.com/en/investors/publications-and-regulated-information/regulatedinformation/annual-financial-reportsRisks and uncertaintiesTotal E&P Algérie Berkine A/S is subject to a variety of risks which derive from the natureof the oil production activities.Total E&P Algérie Berkine A/S’ strategic, operational, compliance, financial and emergingrisks are monitored through a structured approach including systematic identification,assessment and mitigation of the risks.Material accounting estimates relate to valuation of non-current assets includingdetermination of amortisation and depreciation profiles, as well as calculation of provisionto cover abandonment obligations.
29-05-2020

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