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KUWAIT ENERGY PLC
CONSOLIDATED BALANCE SHEET
As at 31 December 2015
6
2015
2014
Notes
USD 000’s
USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
13
32,663
46,488
Property, plant and equipment
14
621,571
522,537
Investment in Joint Venture
15
5,528
8,138
Other non-current assets
16
22,754
5,141
682,516
582,304
Current assets
Inventories
17
24,411
21,642
Trade and other receivables
18
48,198
115,589
Cash and cash equivalents
19
105,297
215,992
177,906
353,223
Total assets
860,422
935,527
EQUITY AND LIABILITIES
Equity
Share capital
20
559,835
557,808
Share premium
205,491
204,760
Other reserves
21
(105,613)
(106,609)
Retained deficit
(310,437)
(248,217)
Equity attributable to owners of the Company
349,276
407,742
Non-controlling interest
5,645
8,770
Total equity
354,921
416,512
Non-current liabilities
Borrowings
22
243,326
242,459
Convertible loans
23
117,329
111,740
Obligations under finance leases
24
3,911
-
Provisions
25
15,458
15,697
Deferred tax liabilities
10
163
-
380,187
369,896
Current liabilities
Trade and other payables
26
119,659
133,653
Current tax payable
1,849
9,377
Convertible loans
23
2,071
6,089
Obligations under finance leases
24
1,735
-
125,314
149,119
Total liabilities
505,501
519,015
Total equity and liabilities
860,422
935,527
The financial statements were approved by the board of directors and authorised for issue on 27 April 2016. They were
signed on its behalf by:
Manssour Aboukhamseen
Chairman & Managing Director
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