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KUWAIT ENERGY PLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2016
28
5. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s
US$ 000’s
US$ 000’s
30 June 2015 (Unaudited)
Segment revenues
80,235
-
8,868
-
89,103
Segment operating profit/(loss)
16,592
-
(7,150)
(5,545)
3,897
Share of results of Joint Venture
1,731
Fair value loss on convertible loans
(8,730)
Other income
818
Foreign exchange loss
(1,663)
Finance costs
(4,750)
Loss before tax
(8,697)
Taxation charge
(1,168)
Loss for the period
(9,865)
Segment assets
335,208
361,157
100,476
153,468
950,309
E&E assets
10,737
-
31,894
-
42,631
PP&E
232,667
325,861
53,124
1,996
613,648
Segment liabilities
38,933
53,311
21,052
430,366
543,662
Other information:
Exploration expenditure written off
2,519
-
-
-
2,519
Additions to E&E
7,062
-
2,099
-
9,161
Additions to PP&E
27,656
80,659
122
-
108,437
Depreciation, Depletion and
Amortisation
37,091
-
6,929
574
44,594