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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
Six months ended 30 June 2015
13
3.
SEGMENTAL INFORMATION (CONTINUED)
Egypt
Yemen
Iraq
Others
Total
USD 000’s USD 000’s USD 000’s USD 000’s USD 000’s
31 December 2014(Audited)
Segment revenues
213,612
57,147
-
-
270,759
Segment operating profit / (loss)
124,454
(22,086)
-
(25,542)
76,826
Share of results of Joint Venture
-
-
-
1,040
1,040
Fair value loss on convertible loans
(9,931)
Other income
653
Foreign exchange loss
(273)
Finance costs
(12,773)
Profit before tax
55,542
Taxation charges
(8,800)
Profit for the year from continuing
operations
46,742
Loss from discontinued operations
(4,039)
Profit for the year
42,703
Segment assets
396,606
114,065
259,712
165,144
935,527
E&E assets
16,694
29,794
-
-
46,488
PP&E
214,841
59,932
245,202
2,562
522,537
Segment liabilities
49,799
22,448
63,103
383,665
519,015
Other information
Exploration expenditure written off
1,513
-
-
-
1,513
Impairment of oil and gas assets
-
19,247
-
-
19,247
Additions to E&E
15,452
11,984
29,383
-
56,819
Additions to PP&E
66,019
11,080 131,100
1,127
209,326
Depreciation, Depletion and
Amortisation
46,627
35,526
-
1,352
83,505