32
2016 ANNUAL REPORT
REFINADORA COSTARRICENSE DE PETRÓLEO, S.A.
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2016 AND 2015
(EXPRESSED IN UNITED STATES DOLLARS)
2016
2015
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
US$ 72,916,279
US$ 68,221,871
Accounts receivable
12,387,628
9,175,561
Advances to contractors
8,847,819
20,054,943
Inventories
208,116,720
199,496,383
Prepaid expenses
1,369,319
2,412,029
Total current assets
303,637,765
299,360,787
LONG TERM ACCOUNTS RECEIVABLE
4,895,699
4,087,766
PROPERTY, PLANT, VEHICLES AND EQUIPMENT - Net
1,200,723,375
1,260,022,261
INVESTMENT IN JOINT VENTURE
44,274,910
45,514,377
OTHER ASSETS
33,431,276
14,887,237
TOTAL
US$1,586,963,025
US$1,623,872,428
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Notes payable
US$ 17,541,192
US$ 17,750,400
Current portion of the long term debt
6,285,714
6,285,714
Accounts payable
122,506,477
100,717,602
Deferred income
13,408,876
17,910,374
Accumulated expenses and other liabilities
9,735,723
10,524,241
Total current liabilities
169,477,982
153,188,331
LONG TERM DEBT
20,337,780
21,029,602
LONG TERM BONDS PAYABLE
187,517,183
178,725,673
DEFERRED INCOME TAX
117,735,484
126,923,374
ALLOWANCE FOR EMPLOYEES’ LEGAL BENEFITS
48,551,456
48,918,762
Total liabilities
543,619,885
528,785,742
STOCKHOLDERS’ EQUITY:
Capital stock
US$ 370,515,185
US$ 370,515,185
Legal reserve
1,616,301
1,616,301
Surplus from revaluation
671,891,770
688,204,375
Surplus from donation
34,808,316
34,808,316
Retained earnings
293,265,130
292,326,747
Foreign currency translation adjustment
(328,753,562)
(292,384,238)
Total stockholders’ equity
1,043,343,140
1,095,086,686
TOTAL
US$1,586,963,025
US$1,623,872,428
Audited financial statements 2016 / Deloitte & Touche
