KUWAIT ENERGY plc GROUP
CONDENSED CONSOLIDATED BALANCE SHEET
As at 31 March 2014
F-7
31.03.14
Unaudited
31.12.13
Audited
(Restated)
Notes
USD 000’s
USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
7
204,082
195,452
Property, plant and equipment
8
361,848
351,476
Investment in joint venture
9
11,673
10,598
Other non-current assets
12
5,958
6,455
583,561
563,981
Current assets
Inventories
23,148
24,149
Trade and other receivables
10
185,827
163,853
Cash and bank balances
11
117,300
127,594
Assets classified as held for sale
5
50,774
51,274
377,049
366,870
Total assets
960,610
930,851
EQUITY AND LIABILITIES
Equity
Share capital
510,229
507,832
Share premium
190,077
189,309
Merger reserve
(36,140)
(36,140)
Retained deficit
(132,120)
(151,008)
Total equity
532,046
509,993
Non-current liabilities
Long-term bank loans
12
99,468
88,867
Convertible loans
13
110,028
105,807
Long-term provisions
11,193
6,256
220,689
200,930
Current liabilities
Trade and other payables
96,159
92,001
Current tax payable
11,199
9,098
Derivative financial instruments
81
162
Current portion of long-term bank loans
12
59,418
75,649
Current portion of convertible loans
13
4,744
6,744
Liabilities directly associated with assets classified as held
for sale
5
36,274
36,274
207,875
219,928
Total liabilities
428,564
420,858
Total equity and liabilities
960,610
930,851
Approved by the board of directors on [Date] and signed on its behalf by:
