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KUWAIT ENERGY plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2014
32
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 2012
Segment revenues
168,241
14,735
-
-
182,976
Segment results
92,099
(5,477)
-
(14,557)
72,065
Share of results of joint venture
-
-
-
3,052
3,052
Gain on held for trading derivative
266
Fair value loss on convertible loans
(4,528)
Other income
223
Foreign exchange loss
320
Finance costs (net)
(1,157)
Profit before tax
70,241
Taxation
(8,272)
Profit for the year from continuing
operations
61,969
Loss from discontinued operations
(24,401)
Profit for the year
37,568
Segment assets
488,625
35,885
24,015
405,394
953,919
E&E assets
93,080
21,145
-
40,099
154,324
PP&E
180,419
4,007
23,696
255,900
464,022
Segment liabilities
30,800
5,138
2,701
197,338
235,977
Other information
Exploration expenditure written off
5,168
9,136
-
-
14,304
Additions to E&E
24,381
9,351
-
3,715
37,447
Additions to PP&E
14,145
2,778
19,212
33,262
69,397
Depreciation, Depletion and
Amortisation
41,416
2,355
-
1,584
45,355