Table 1 Indicators from Pemex's... | Emerald Publishing

Table 1

Indicators from Pemex's financial balance and average profit margin, 1977–2019

BS indicators	Description	Formulas	Profit margin (%)
Total income	Including income from sale of goods and services (internal and external), as well as other sources	1. Operational balance (OB) = Total Income -Operating cost	1. OB = 78.0%
Sales revenue	Internal and external sales of goods and services
Operating cost	Personal services, acquisitions and others
Investment	Physical and financial investment, as well as transfers to Pemex's subsidiaries	2. Balance before TDC (BBTDC) = Operational balance–Investment	2. BBTDC = 58.7%
Payment of Taxes, Duties and Contributions (TDC)*	Payment of taxes, duties and contributions (TDC)	3. Balance after TDC (BATDC) = balance before TDC -TDC	3. BATDC = 4.5%
Interest payment	Expenses resulting from the payment of interest on domestic and foreign debt	4. Financial balance (FB) = balance after TDC – Interest payment	4. FB = −2.9%

BS indicators	Description	Formulas	Profit margin (%)
Total income	Including income from sale of goods and services (internal and external), as well as other sources	1. Operational balance (OB) = Total Income -Operating cost	1. OB = 78.0%
Sales revenue	Internal and external sales of goods and services
Operating cost	Personal services, acquisitions and others
Investment	Physical and financial investment, as well as transfers to Pemex's subsidiaries	2. Balance before TDC (BBTDC) = Operational balance–Investment	2. BBTDC = 58.7%
Payment of Taxes, Duties and Contributions (TDC)*	Payment of taxes, duties and contributions (TDC)	3. Balance after TDC (BATDC) = balance before TDC -TDC	3. BATDC = 4.5%
Interest payment	Expenses resulting from the payment of interest on domestic and foreign debt	4. Financial balance (FB) = balance after TDC – Interest payment	4. FB = −2.9%

Note(s): *Indicator linked to the company's tax burden

Source(s): Own calculations based on data from Pemex's Financial Balance for 1977–2019 (Pemex, 2019a)