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KUWAIT ENERGY PLC
INDEPENDENT REVIEW REPORT
INDEPENDENT REVIEW REPORT TO KUWAIT ENERGY plc
We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial
report for the six months ended 30 June 2017 which comprises the condensed consolidated income statement, the
condensed consolidated statement of comprehensive income, the condensed consolidated balance sheet, the condensed
consolidated statement of changes in equity, the condensed consolidated cash flow statement and related notes 1 to
14. We have read the other information contained in the half-yearly financial report and considered whether it contains
any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.
This report is made solely to the company in accordance with the terms of our engagement letter dated 30 August 2017
and in accordance with International Standard on Review Engagements 2410 “Review of Interim Financial Information
Performed by the Independent Auditor of the Entity” issued by the International Auditing and Assurance Standards
Board. Our work has been undertaken so that we might state to the company those matters we are required to state to
it in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the company, for our review work, for this report, or for the
conclusions we have formed.
Directors’ responsibilities
The half-yearly financial report is the responsibility of, and has been approved by, the directors.
As disclosed in note 2, the annual financial statements of the group are prepared in accordance with IFRSs as adopted by
the European Union. The condensed set of financial statements included in this half-yearly financial report has been
prepared in accordance with International Accounting Standard 34, “Interim Financial Reporting,” as adopted by the
European Union.
Our responsibility
Our responsibility is to express to the Company a conclusion on the condensed set of financial statements in the half-
yearly financial report based on our review.
Scope of review
We conducted our review in accordance with International Standard on Review Engagements 2410 “Review of Interim
Financial Information Performed by the Independent Auditor of the Entity” issued by the International Auditing and
Assurance Standards Board. A review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with International Standards on Auditing and
consequently does not enable us to obtain assurance that we would become aware of all significant matters that might
be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial
statements in the half-yearly financial report for the six months ended 30 June 2017 is not prepared, in all material
respects, in accordance with International Accounting Standard 34 as adopted by the European Union.
Deloitte SA
Geneva, Switzerland
29 September 2017
Mark Valentin
Robert Purdy
Partner
Director