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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
For the six month period ended 30 June 2017
12
3. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s US$ 000’s
US$ 000’s
30 June 2016
Segment revenues
50,455
14,364
-
-
64,819
Segment operating (loss)/profit
1,856
4,332
(2,722)
(3,015)
451
Share of results of joint venture
(628)
Change in fair value of convertible loans
(7,362)
Other income
835
Foreign exchange loss
(57)
Finance costs
(4,650)
Loss before tax
(11,411)
Taxation charge
222
Loss for the period
(11,189)
Segment assets
266,235
457,015
79,368
49,380
851,998
E&E assets
10,710
-
21,583
-
32,293
PP&E
186,214
435,642
45,762
1,160
668,778
Segment liabilities
36,707
63,435
22,372
385,587
508,101
Other information:
Additions to E&E
1,451
-
712
-
2,163
Additions to PP&E
7,328
71,244
(3)
-
78,569
Depreciation, Depletion and
Amortisation
26,391
7,069
-
375
33,835
31 December 2016
Segment revenues
105,533
33,362
-
-
138,895
Segment operating (loss)/profit
(22,076)
(42,342)
(4,306)
(12,244)
(80,968)
Share of results of joint venture
1,451
Change in fair value of convertible loans
(24,774)
Other income
1,335
Foreign exchange loss
(2,340)
Finance costs
(9,365)
Loss before tax
(114,661)
Taxation charge
(1,456)
Loss for the period
(116,117)
Segment assets
238,473
473,265
79,385
58,500
849,623
E&E assets
5,988
-
21,704
-
27,692
PP&E
118,023
344,924
45,412
1,010
509,369
Segment liabilities
37,357
103,987
21,309
447,901
610,554
Other information:
Impairment of oil and gas assets
39,787
54,550
-
-
94,337
Additions to E&E
1,670
-
833
-
2,503
Additions to PP&E
16,772
144,558
(352)
121
161,099
Depreciation, Depletion and
Amortisation
47,179
14,569
-
646
62,394