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KUWAIT ENERGY plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2014
30
5. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Yemen
Iraq
Others
Total
USD 000’s USD 000’s USD 000’s USD 000’s USD 000’s
(Restated)
30 June 2013
Segment revenues
85,481
31,621
-
-
117,102
Segment results
33,404
(1,943)
(146)
(37,450)
(6,135)
Share of results of joint venture
-
-
-
728
728
Gain on held for trading derivative
158
Fair value loss on convertible loans
(5,799)
Other income
412
Foreign exchange loss
(3,637)
Finance costs (net)
(4,728)
Loss before tax
(19,001)
Taxation
(3,858)
Loss for the period from continuing
operations
(22,859)
Loss from discontinued operations
(27,681)
Loss for the period
(50,540)
Segment assets
452,475
169,789
60,976
324,820
1,008,060
E&E assets
85,753
24,547
18,003
20,733
149,036
PP&E
180,717
112,731
38,003
247,013
578,464
Segment liabilities
42,199
9,310
8,701
278,840
339,050
Other information
Exploration expenditure written off
14,719
-
-
29,133
43,852
Impairment losses
-
815
-
-
815
Additions to E&E
7,391
3,402
18,003
20,889
49,685
Additions to PP&E
19,771
2,269
14,306
11,211
47,557
Depreciation,
Depletion
and
Amortisation
19,976
21,064
-
851
41,891