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KUWAIT ENERGY plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2014
33
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 2011
Segment revenues
120,245
18,273
-
-
138,518
Segment results
71,579
(9,325)
(12,681)
49,573
Share of results of joint venture
-
-
-
1,119
1,119
Gain on held for trading derivative
(75)
Fair value loss on convertible loans
-
Other income
384
Foreign exchange loss
683
Finance costs (net)
(7,508)
Profit before tax
44,176
Taxation
(8,731)
Profit for the year from continuing
operations
35,445
Loss from discontinued operations
(16,960)
Profit for the year
18,485
Segment assets
448,004
28,560
4,646
367,316
848,526
E&E assets
73,867
20,930
-
36,384
131,181
PP&E
207,689
3,585
4,484
256,659
472,417
Segment liabilities
32,780
6,129
1,115
105,815
145,839
Other information
Exploration expenditure written off
3,459
14,594
-
-
18,053
Additions to E&E
24,795
7,627
-
3,851
36,273
Additions to PP&E
46,319
3,025
3,801
40,933
94,078
Depreciation, Depletion and
Amortisation
24,038
2,517
-
1,011
27,566