CNOOC LTD | CIK:0001095595 | 3

  • Filed: 4/19/2018
  • Entity registrant name: CNOOC LTD (CIK: 0001095595)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1095595/000095010318004942/0000950103-18-004942-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1095595/000095010318004942/ceo-20171231.xml
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  • ifrs-full:DisclosureOfFinanceCostExplanatory

    7.        FINANCE COSTS

     

     

    2015

     

    2016

     

    2017

     

     

     

     

     

     

     

     

    Interest on bank loans

    291

     

    217

     

    169

     

    Interest on other loans

    4,701

     

    5,249

     

    5,207

     

    Other borrowing costs

    76

     

    25

     

    18

     

     

     

     

     

     

     

     

    Total borrowing costs

    5,068

     

    5,491

     

    5,394

     

     

     

     

     

     

     

     

    Less: Amount capitalized in property, plant and equipment (note 13)

    (1,385)

     

    (1,430)

     

    (2,495)

     

     

     

     

     

     

     

     

     

    3,683

     

    4,061

     

    2,899

     

    Other finance costs:

     

     

     

     

     

     

    Unwinding of discount on provision for dismantlement (note 25)

    2,435

     

    2,185

     

    2,145

     

     

     

     

     

     

     

     

     

    6,118

     

    6,246

     

    5,044

     

     

    The effective interest rates used to determine the amount of related borrowing costs for capitalization varied from 0.95% to 7.875% (2016: from 0.7566% to 7.875% , 2015: from 0.735% to 7.875%) per annum during the year ended at December 31, 2017.