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KUWAIT ENERGY PLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2016
29
5. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s
US$ 000’s
US$ 000’s
31 December 2015 (Audited)
Segment revenues
146,774
-
8,868
-
155,642
Segment operating profit/(loss)
(5,498)
8,533
(34,338)
(9,715)
(41,018)
Share of results of Joint Venture
-
-
-
445
445
Fair value loss on convertible loans
(9,261)
Other income
1,231
Foreign exchange loss
(1,851)
Finance costs
(9,654)
Loss before tax
(60,108)
Taxation charges
(2,259)
Loss for the year
(62,367)
Segment assets
288,959
401,718
86,198
83,547
860,422
E&E assets
11,792
-
20,871
-
32,663
PP&E
202,805
371,467
45,764
1,535
621,571
Segment liabilities
48,210
52,878
22,828
381,585
505,501
Other information:
Exploration expenditure written off
2,590
-
11,628
-
14,218
Impairment of oil and gas assets
35,810
24,656
8,544
-
69,010
Additions to E&E
8,037
-
2,705
-
10,742
Additions to PP&E
59,532
163,113
(410)
30
222,265
Depreciation, Depletion and
Amortisation
62,869
-
5,213
1,065
69,147