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KUWAIT ENERGY PLC
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Six months ended 30 June 2015
8
* The issue of shares in the period relates to the 2014 restructuring of the Group and acquisition of Kuwait Energy Company K.S.C (Closed) (“KEC”) shares, as set out in detail in
note 15 of the 31 December 2014 Group financial statements, available on the Group’s website. At December 2014, 87.8% of the shares in KEC had been exchanged for shares in the
Company. In the period, a further 4.1% of KEC shares have been exchanged and accounted for in line with year end.
Share
capital
Share
premium
Other
reserves
Retained
deficit
Total
Non-
controlling
interest
Total
equity
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
Balance at 1 January 2014 (Audited)
507,832
189,309
(36,003)
(290,928)
370,210
-
370,210
Profit/(loss) for the year
-
-
-
42,711
42,711
(8)
42,703
Other comprehensive income for the year
-
-
812
-
812
-
812
Total comprehensive income for the year
-
-
812
42,711
43,523
(8)
43,515
Acquisition of subsidiary
46,785
14,057
(69,669)
-
(8,827)
8,778
(49)
Purchase of treasury shares
-
-
(1,749)
-
(1,749)
-
(1,749)
Issue of shares for prior year business
combination
822
604
-
-
1,426
-
1,426
Issue of shares under incentive scheme
2,369
790
-
-
3,159
-
3,159
Balance at 31 December 2014 (Audited)
557,808
204,760
(106,609)
(248,217)
407,742
8,770
416,512
Loss for the period
-
-
-
(9,863)
(9,863)
(2)
(9,865)
Total comprehensive loss for the period
-
-
-
(9,863)
(9,863)
(2)
(9,865)
Issue of shares*
2,027
731
220
-
2,978
(2,978)
-
Balance at 30 June 2015 (Unaudited)
559,835
205,491
(106,389)
(258,080)
400,857
5,790
406,647