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KUWAIT ENERGY plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2014
31
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)
31 December 2013
Segment revenues
193,487
69,007
-
-
262,494
Segment results
98,496
(5,407)
(146)
(63,992)
28,951
Share of results of joint venture
-
-
-
1,543
1,543
Gain on held for trading derivative
322
Fair value loss on convertible loans
(12,071)
Other income
599
Foreign exchange loss
(3,762)
Finance costs (net)
(10,068)
Profit before tax
5,514
Taxation
(8,097)
Profit for the year from continuing
operations
(2,583)
Loss from discontinued operations
(278,787)
Loss for the year
(281,370)
Segment assets
448,554
150,322
94,494
175,740
869,110
E&E assets
94,522
19,524
27,329
-
141,375
PP&E
178,873
103,624
57,411
3,904
343,812
Segment liabilities
45,770
13,523
30,183
331,382
420,858
Other information
Exploration expenditure written off
16,855
11,205
-
45,195
73,255
Impairment losses
-
1,801
-
-
1,801
Additions to E&E
18,297
9,584
27,329
23,718
78,928
Additions to PP&E
39,969
5,822
33,704
21,313
100,808
Depreciation, Depletion and
Amortisation
43,995
34,352
-
1,616
79,963