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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
For the nine month period ended 30 September 2017
11
3. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s US$ 000’s
US$ 000’s
30 September 2016
Segment revenues
77,330
20,116
-
-
97,446
Segment operating (loss)/profit
8,663
6,547
(3,497)
(6,430)
5,283
Share of results of joint venture
(767)
Change in fair value of convertible loans
(10,118)
Other income
1,049
Foreign exchange loss
(42)
Finance costs
(6,975)
Loss before tax
(11,570)
Taxation charge
(837)
Loss for the period
(12,407)
Segment assets
268,484
494,507
79,250
18,116
860,357
E&E assets
11,975
-
21,649
-
33,624
PP&E
177,410
467,888
45,412
1,122
691,832
Segment liabilities
32,572
81,310
21,604
382,136
517,622
Other information:
Additions to E&E
1,669
-
777
-
2,446
Additions to PP&E
11,413
105,825
(352)
121
117,007
Depreciation, Depletion and
Amortisation
38,233
9,405
-
533
48,171
31 December 2016
Segment revenues
105,533
33,362
-
-
138,895
Segment operating (loss)/profit
(22,076)
(42,342)
(4,306)
(12,244)
(80,968)
Share of results of joint venture
1,451
Change in fair value of convertible loans
(24,774)
Other income
1,335
Foreign exchange loss
(2,340)
Finance costs
(9,365)
Loss before tax
(114,661)
Taxation charge
(1,456)
Loss for the period
(116,117)
Segment assets
238,473
473,265
79,385
58,500
849,623
E&E assets
5,988
-
21,704
-
27,692
PP&E
118,023
344,924
45,412
1,010
509,369
Segment liabilities
37,357
103,987
21,309
447,901
610,554
Other information:
Impairment of oil and gas assets
39,787
54,550
-
-
94,337
Additions to E&E
1,670
-
833
-
2,503
Additions to PP&E
16,772
144,558
(352)
121
161,099
Depreciation, Depletion and
Amortisation
47,179
14,569
-
646
62,394