Instructions

The following table shows the revenue and expenses in millions of Euros (European currency) associated with REPSOL YPF company’s oil and gas producing activities in operations in different parts of the world for 1998-2000.

Question 71

# Ignoring the loss making operations of the company in 1998, for how many operations was the percentage increase in net income before taxes and charges higher than the average from 1998 to 1999?

Solution

Percentage increase in net income before tax and

charges for total world (1998-99)

=$$\frac{1375-248}{248}*100$$ = 454.4%

Spain is making loss.

Percentage increase for North Africa and Middle-East = $$\frac{341-111}{111}*100$$ = 207.2%

Percentage increase for Argentina = $$\frac{838-94}{94}*100$$ =791.5%

From the table one can directly say that there is no operation other than Argentina, whose percentage increase in net income before taxes and charges is higher than the average (world).

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