KUWAIT ENERGY plc GROUP
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Three months ended 31 March 2014
F-23
Total losses for the period included in profit or loss for assets
held at the end of the reporting period
1,400
3,016*
*Net of amounts capitalised within finance costs of USD 885 thousand (see note 13).
15.
ANNUAL GENERAL MEETING
The Annual General Meeting of the Parent Company was proposed to be held on 30 June 2014 but has been
postponed, with the future date to be determined.
16.
SUBSEQUENT EVENTS
Subsequent to the period ended 31 March 2014 the Group has completed the disposal of its Ukraine assets for a
sale consideration of USD 5 Million (see note 5).
As at 31 March 2014 the Group had property, plant and equipment with a carrying value of USD 22.7 million in
relation to the Mansuriya field located in Northern Iraq where, subsequent to the period ended 31 March 2014 the
political and security situation has become unstable due to the current internal conflicts. However, management
believes that in the long term the situation will be under control and that no impairment is required in the current
period.
