delivering globally and locally
Petrofac annual report and accounts 2004 contents
01 financial highlights 02 Petrofac worldwide 04 group chief executive’s review 05 group structure 06 engineering & construction 12 operations services 18 resources 24 financial review 29 corporate governance 30 board of directors 33 consolidated financial statements PPS_13394 final front.qxd 19/5/05 4:42 pm Page 1
Petrofac is a culturally diverse, international company, united by shared values. Petrofac people are: – safe – ethical – innovative – cost-conscious – responsive to customers and focus relentlessly on delivering results.
*financial highlights:
Revenue EBITDA Net income Earnings per Total equity share (diluted) $4.77 $46m $96m $950m $139m $35m $3.58 $34m $106m $95m $3.00 $622m $48m $39m $391m
02 03 04 02 03 04 02 03 04 02 03 04 02 03 04
*Results shown above, other than for ‘Total equity’ are for Continuing Operations 01 PPS_13394 final front.qxd 19/5/05 4:42 pm Page 2
Petrofac worldwide