Current Cost of Supplies


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Current Cost of Supplies

Referring to the net income of a company after accounting for changes in expenses, especially those that affect the company's products. Calculating net income that accounts for the current cost of supplies is most common for companies that produce and sell commodities. For example, because oil and natural gas prices are quite volatile, the current cost of supplies can greatly impact an energy company's net income.
References in periodicals archive ?
To facilitate a better understanding of underlying business performance, the financial results are also presented on an estimated current cost of supplies (CCS) basis as applied for the Oil Products and Chemicals segment earnings.
NEW YORK, July 31 /PRNewswire/ -- -- Royal Dutch Shell's second quarter 2008 earnings, on a current cost of supplies (CCS) basis, were $7.
Earnings on an estimated current cost of supplies basis provides useful
Summary results FIRST QUARTER $ million 2005 2004 % Unaudited Unaudited Income attributable to Parent Companies * 6,673 4,702 +42 Estimated current cost of supplies (CCS) adjustment for Oil Products segment - see note 2 1,125 370 CCS earnings * 5,548 4,332 +28 * including discontinued operations - see note 3 Cash from operations 8,093 8,118 Cash from operations excluding net working capital movements and taxation accrued/paid 9,105 6,580 Capital investment 3,240 3,120 Upstream production (thousand boe/d) 3,847 4,064 Strong earnings and cash generation * Income of $6.