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KUWAIT ENERGY PLC
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Nine months ended 30 September 2015
5
Share
capital
Share
premium
Other
reserves
Retained
deficit
Total
Non-controlling
interest
Total equity
USD 000’s
USD 000’s USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
Balance at 1 January 2014 (Audited)
507,832
189,309
(36,003)
(290,928)
370,210
-
370,210
Profit/(loss) for the year
-
-
-
42,711
42,711
(8)
42,703
Other comprehensive income for the year
-
-
812
-
812
-
812
Total comprehensive income for the year
-
-
812
42,711
43,523
(8)
43,515
Acquisition of subsidiary
46,785
14,057
(69,669)
-
(8,827)
8,778
(49)
Purchase of treasury shares
-
-
(1,749)
-
(1,749)
-
(1,749)
Issue of shares for prior year business
combination
822
604
-
-
1,426
-
1,426
Issue of shares under incentive scheme
2,369
790
-
-
3,159
-
3,159
Balance at 31 December 2014 (Audited)
557,808
204,760
(106,609)
(248,217)
407,742
8,770
416,512
Profit/(loss) for the period
-
-
-
15,481
15,481
(4)
15,477
Other comprehensive income for the period
-
-
-
-
-
-
-
Total comprehensive income for the period
-
-
-
15,481
15,481
(4)
15,477
Issue of shares
2,027
731
220
-
2,978
(2,978)
-
Balance at 30 September 2015 (Unaudited)
559,835
205,491
(106,389)
(232,736)
426,201
5,788
431,989
In 2015, the Company purchased 31.75 million KE plc shares at a price of Kuwaiti Dinar 0.620 per share from its subsidiary Kuwait Energy Company K.S.C. (Closed) (“KEC”)
at a book value of USD 72.0 million which are now being directly held as treasury shares. Treasury shares have been included under 'other reserves' in equity. There was no
impact in the consolidated equity, as in the consolidated financial statements of 2014, these shares were already classified under treasury shares on the acquisition of KEC.