FY18 Financial Results

The tables below summarize SPE's financial performance for FY18 (April 2017-March 2018).

 

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2018

(unaudited)

USD thousands

Asssets

 

Cash and Cash Equivalents

16,850

Other Assets

11,197

Reserve Fund Investments

46,131

Property and Equipment

13,107

Interest in SPE Foundation

11,730

   Total Assets:

99,015

   

Liabilities and Net Assets

 

Accounts Payable

9,806

Deferred Revenue

13,654

  Total Liabilities

23,460

   

Net Assets

75,555

   

   Total Liabilities and Net Assets  

99,015

 

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2018

(unaudited)

USD thousands

Meetings

14,340

Member Programs

(5,543)

Training Courses

(58)

Communication and Knowledge Sharing

(6,759)

   Operating Surplus

1,980

   

Member Advantage
(Scholarships, Energy Education)

(556)

   

SPE Global Investments

3,818

Net Change in SPE Foundation

856

   

   Net Surplus/(Loss)

6,098