text: A one US cent movement in the 
  Australia–US dollar exchange rate 
  would produce a change in profit 
  after tax of A$8 million, and 
  a 1% change in interest rates 
  equates to a change in net profit 
  after tax of A$9 million. 
  
  **A STRONG FINANCIAL**
  **PERFORMANCE**
  It was pleasing that Santos 
  was able to conclude 2004 
  on a higher note than it started. 
  2004 has also been an important 
  period for shareholders, with a 
  significant improvement in the 
  Santos share price combined with 
  an increase in the dividend. 
  
  We achieved record annual 
  revenue thanks to higher oil and 
  gas prices combined with the 
  return of full production at 
  Moomba to produce a 21.5% jump 
  in second half sales: the best 
  result for any six-month period 
  in Santos' history. 
  
  The average realised price for 
  crude oil was up nearly 19% 
  to A$51.83 per barrel. 