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KUWAIT ENERGY PLC
CONDENSED CONSOLIDATED BALANCE SHEET
As at 30 September 2015
4
30 September
2015
Unaudited
31 December
2014
Audited
Notes
USD 000’s USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
3
42,856
46,488
Property, plant and equipment
4
625,032
522,537
Investment in Joint Venture
5
8,209
8,138
Other non-current asset
4,102
5,141
680,199
582,304
Current assets
Inventories
25,662
21,642
Trade and other receivables
6
74,136
115,589
Liquid investments
7
50,000
-
Cash and cash equivalents
7
109,969
215,992
259,767
353,223
Total assets
939,966
935,527
EQUITY AND LIABILITIES
Equity
Share capital
559,835
557,808
Share premium
205,491
204,760
Other reserves
(106,389)
(106,609)
Retained deficit
(232,736)
(248,217)
Equity attributable to owners of the Company
426,201
407,742
Non-controlling interest
5,788
8,770
Total equity
431,989
416,512
Non-current liabilities
Borrowings
242,880
242,459
Convertible loans
123,313
111,740
Long-term provisions
15,827
15,697
Obligations under finance lease
4,113
-
386,133
369,896
Current liabilities
Trade and other payables
8
116,446
133,653
Current tax payable
1,521
9,377
Current portion of convertible loans
1,976
6,089
Obligations under finance lease
1,901
-
121,844
149,119
Total liabilities
507,977
519,015
Total equity and liabilities
939,966
935,527
Manssour Aboukhamseen
Chairman & Managing Director