Financial and Operating Statistics
The financial and operating information presented in this section (with the exception of
Employee Remuneration, Community Contributions and Fiscal Contributions to Host
Governments) has been extracted from Talisman Energy Inc.’s audited consolidated financial
statements for the year ended December 31, 2004. See Talisman’s 2004 Annual Report
Financial Summary for a more detailed presentation of our financial results.
Talisman’s cash
flow from operating activities in 2004 was $3.1 billion, of which $2.9 billion was spent on
exploration, development and growth activities. The Company also paid dividends of $114
million ($0.30 per share) to common shareholders during the year.
Stakeholder Benefits
Our operations bring direct benefits to the communities in which we operate, including the
creation of jobs, expansion of local infrastructure and support of community projects that
create opportunities for a better future. Key benefits related to our economic activities
including capital spending, remuneration to employees, dividends paid to shareholders, taxes
and corporate community contributions have been listed in the table below.
| Stakeholder Benefits (millions of Canadian dollars) |
2004 |
2003 |
2002 |
|
| Exploration and development expenditures |
2,538 |
2,180 |
1,848 |
| Total remuneration to employees |
324 |
249 |
176 |
| Corporate community contributions |
4 |
5 |
10 |
| Dividend payments |
114 |
90 |
80 |
| Fiscal contributions to host governments |
1,726 |
1,195 |
1,277 |
|
| Total |
4,706 |
3,719 |
3,391 |
|
“I like the fact you consider corporate
responsibilities over and above
(or at least equal) to the bottom
line. I think by addressing (these)
concerns, the bottom line will grow
because of happy workers, happy
customers and happy investors.”
Murray Sugden, 2003 Report feedback card.
