PP OIL & GAS (INDONESIA-JABUNG) LIMITED

• ⚠

  Material uncertainty over going concern

  The Company will no longer have a participating interest in the extended PSC. As there is no longer operations post the PSC expiry, the financial statements is being prepared on a basis other than going concern.

1. PP OIL & GAS (INDONESIA-JABUNG) LIMITED 2003-05-23 → present
2. AMERADA HESS (INDONESIA-JABUNG) LIMITED 1996-07-26 → 2003-05-23
3. TYROLESE (357) LIMITED 1996-05-17 → 1996-07-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

UK adopted international accounting standards

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company will no longer have a participating interest in the extended PSC. As there is no longer operations post the PSC expiry, the financial statements is being prepared on a basis other than going concern.”

Significant events

• “The Jabung PSC contract has expired on 26 February 2023, and in November 2021, Jabung PSC Extension has been signed. The Company will no longer be a party to the extended PSC and no longer have a producing asset after the first period of PSC expires.”
• “On 31 October 2024, the Company received Tax Appeal decision letter dated 23 October 2024, stating that the Tax Court of Republic of Indonesia had ruled in favor of PPIJ regarding its eligible tax rate of 10% as per Double Tax Agreement ("DTA") signed between the Republic of Indonesia and United Kingdom on branch profits. The ruling stated that the Directorate General of Taxes Indonesia ("DGT") would need to reimburse the Company the additional 10% tax amounting to USD7,316,497. The disbursement was received on 20 January 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  0%

  £1,483 → £1,483

• Net assets

  -3.7%

  £13,840,623 → £13,327,650

• Employees

  —

  Not reported

• Operating profit

  -106.9%

  £10,126,019 → -£696,812

• Profit before tax

  -103.2%

  £16,048,184 → -£512,973

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers