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KUWAIT ENERGY plc
CONSOLIDATED STATEMENT OF CASH FLOWS
For the six months ended 30 June 2014
11
For the six months
period ended 30 June
For the year ended 31 December
2014
2013
2013
2012
2011
Audited
Unaudited
(Restated)
Audited
(Restated)
Audited
(Restated)
Audited
(Restated)
Notes USD 000’s USD 000’s USD 000’s USD 000’s USD 000’s
INVESTING ACTIVITIES
(continued)
Proceeds from disposal of assets
classified as held for sale
5,000
-
-
-
Acquisition of subsidiary, net of
cash acquired
15
-
(102,765)
(102,414)
(30,000)
-
Prepayment for capital expenditure
-
-
-
(5,000)
-
Dividend received from joint
venture
18
3,500
-
-
5,000
-
Interest received
213
385
527
138
197
Net cash used in investing
activities
(102,279)
(188,187)
(266,036)
(133,909)
(65,913)
FINANCING ACTIVITIES
Proceeds from issue of share
capital
-
-
-
-
73,696
Proceeds from short term loans
-
40,000
40,000
-
-
Repayment of short term loans
-
(25,000)
(40,000)
-
-
Proceeds from long term loans
15,019
50,000
110,000
57,353
-
Repayment of long term loans
(25,649)
-
(5,484)
(58,000)
-
Proceeds from Convertible loan
-
17,000
17,000
83,000
-
Dividend paid
-
-
(6)
(23,279)
(22,799)
Finance costs paid
(8,909)
(9,175)
(14,408)
(6,053)
(12,782)
Net cash (used)/generated by
financing activities
(19,539)
72,825
107,102
53,021
38,115
Effect of foreign currency
translation
7
(142)
Net (decrease)/ increase in cash
and bank balances
(2,245)
(17,717)
80,828
8,004
(16,982)
Cash and bank balances at
beginning of the period/year
127,594
46,766
46,766
38,762
55,744
Cash and bank balances at end
of the period/year
21
125,349
29,049
127,594
46,766
38,762