Page 48 - 2023 CPC Corporation,Taiwan

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Financial Statements
The profit before tax for the Exploration & Production Business Division has decreased in 2022, as compared to 2021, due to an increase in impairment losses on assets. Furthermore, the profit margin has increased in cost and a restriction in market price factors.
The capital expenditure incurred in 2022 was NT$42,017million, a 39.97% increase from 2021. The breakdown of the expenditure was as follows:
Production & manufacturing 38.37%
Marketing & transportation 12.65%
Others 48.98%
The exchange rate between the NT dollar and the US dollar was 30.656:1 on December 31, 2022.

(In Thousands of New Taiwan Dollars)

Sales
Other operating revenues

Cost of goods sold
Exploration expenses
Oil and gas transmission and storage expenses Other operating costs

$1,210,569,860
11,286,982 1,221,856,842
1,379,828,131 1,758,418 13,544,558 7,404,850 1,402,535,957 (180,679,115) 23,268,191 8,344,135 20,452,578 (216,055,749) (28,467,162) $(187,588,587)

$885,554,926
18,217,796 903,772,722
891,280,130 2,119,987 12,843,525 4,839,965 911,083,607 (7,310,885) 22,067,454 5,097,908 22,851,284 (47,131,715) (7,847,293) $(39,284,422)