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              [html]<thead><tr><td>As at 31 December</td><td>1995</td><td>1996</td><td>1997</td><td>1998</td><td>1999</td><td>2000</td><td>2001</td><td>2002</td><td>2003</td><td>2004</td><td>Santtos average realised onli price ( A $, Pabi ))</td><td>24.96</td></tr></thead><tbody><tr><td>27.43</td><td>27.42</td><td>20.95</td><td>27.57</td><td>46.54</td><td>45.53</td><td>44.74</td><td>43.59</td><td>51.83</td><td>Financial performance ( s / million )</td><td>Product sales revenue</td><td>571.6</td><td>729.2</td></tr><tr><td>778.5</td><td>769.4</td><td>944.5</td><td>1.497.1</td><td>1.459.7</td><td>478.4</td><td>465.0</td><td>1.500.9</td><td>Total operating revenue</td><td>740.1</td><td>804.0</td><td>859.5</td><td>000.8</td></tr><tr><td>995.6</td><td>1.556.2</td><td>1.561.8</td><td>542.3</td><td>619.4</td><td>1.753.2</td><td>Foreign currency quims /( losses )</td><td>( 16.0 )</td><td>25.0</td><td>3.6</td><td>2.0</td><td>0.3</td><td>2.7</td></tr><tr><td>0.2</td><td>( 0.7 )</td><td>( 7.9 )</td><td>( 3.0 )</td><td>Profit from ordinary activities before tax</td><td>241.0</td><td>331.9</td><td>322.3</td><td>267.3</td><td>339.6</td><td>725.9</td><td>627.6</td><td>493.3</td></tr><tr><td>430.9</td><td>540.8</td><td>Jancome tax relating to ordinary activities</td><td>130.4</td><td>136.0</td><td>116.1</td><td>91.0</td><td>30.5</td><td>239.1</td><td>181.7</td><td>171.2</td><td>103.9</td><td>160.9</td></tr><tr><td>Net profit after income tax ettributable to the shareholders of Santos Itd</td><td>110.6</td><td>195.9</td><td>206.2</td><td>176.3</td><td>309.1</td><td>486.8</td><td>445.9</td><td>322.1</td><td>327.0</td><td>379.9</td><td>Financial position ( Smilion )</td><td>Total assets</td></tr><tr><td>2.915.5</td><td>443.4</td><td>036.2</td><td>236.1</td><td>4.338.7</td><td>4.659.8</td><td>5.048.7</td><td>320.8</td><td>218.3</td><td>5.956.0</td><td>Net debt</td><td>542.0</td><td>938.6</td></tr><tr><td>114.2</td><td>280.0</td><td>1.301.1</td><td>866.6</td><td>1.060.8</td><td>162.9</td><td>897.6</td><td>1.131.4</td><td>Total equity</td><td>1.519.3</td><td>586.3</td><td>919.0</td><td>939.2</td></tr><tr><td>2.056.7</td><td>2.310.9</td><td>2.726.6</td><td>863.9</td><td>087.9</td><td>3.498.3</td><td>Reserves and production ( n = 1110 )</td><td>Proven plus Probable reserves ( 29 )</td><td>703</td><td>860</td><td>1.009</td><td>956</td><td>941</td></tr><tr><td>921</td><td>724</td><td>732</td><td>636</td><td>643</td><td>Production</td><td>36.8</td><td>39.2</td><td>41.1</td><td>45.6</td><td>49.2</td><td>56.0</td><td>55.7</td></tr><tr><td>57.3</td><td>54.2</td><td>47.1</td><td>Exploration *</td><td>Wells drilled ( number )</td><td>66</td><td>91</td><td>112</td><td>81</td><td>S - 6</td><td>42</td><td>26</td><td>18</td></tr><tr><td>19</td><td>16</td><td>Expenditure ($ million )</td><td>87.9</td><td>121.1</td><td>190.1</td><td>180.7</td><td>78.1</td><td>100.1</td><td>93.4</td><td>133.1</td><td>136.4</td><td>125.6</td></tr><tr><td>Other capital expenditure ( Smillion )</td><td>Delineation and development *</td><td>53.9</td><td>105.8</td><td>179.7</td><td>158.1</td><td>116.8</td><td>187.1</td><td>308.1</td><td>308.8</td><td>519.0</td><td>572.7</td><td>Buildings, plant and equipment concernances ( no 201, aponat and normal normal normal non - terms )</td></tr><tr><td>40.1</td><td>150.3</td><td>205.4</td><td>165.7</td><td>102.5</td><td>153.5</td><td>258.7</td><td>319.0</td><td>94.9</td><td>131.1</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
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