Petroperú: audit of its financial statements reveals a loss of US$271,000

Petroperú: audit of its financial statements reveals a loss of US$271,000

Petroperú’s board of directors approved the financial statements corresponding to 2022, the same ones that were audited by the international auditor PwCwhich was delivered after an extension requested by the state company.

According to the document, the total liabilities and equity of Petroperú amounts to US$9,941 million at the end of last year (in the 2021 audit it was US$8,685 million.

However, despite the reversal of the adverse effects seen in the pandemic, The company has a loss of US$271,219, mainly due to the drop in sales in the domestic market (from 92,000 barrels of crude per day to 82,000 bdc) due to the lack of inventory availability due to liquidity problems.

Another factor that explains the imbalance in Petroperu It is the rise in import costs —after the outbreak of the conflict between Russia and Ukraine— and the net losses of the business unit in the North Peruvian Pipeline due to damages caused by third parties.

On the other hand, regarding the New Talara Refinery, Petroperú reported that the investment cost was US$5,538 million, but the PwC audit shows US$5,995 million.

Source: Larepublica

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