KUWAIT ENERGY plc GROUP
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the year ended 31 December 2013
F-31
Share
capital
Share
premium
Merger
reserve
Foreign
currency
translation
reserve
Retained
earnings
Total
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
Balance at 1 January 2013
500,857
188,526
(36,140)
(8,766)
112,466
756,943
Loss for the year
-
-
-
-
(258,630)
(258,630)
Other comprehensive income
for the year
-
-
-
8,766
137
8,903
Total comprehensive income / (loss)
for the year
-
-
8,766
(258,493)
(249,727)
Shares issued to IFC (note 21)
4,981
-
-
-
(4,981)
-
Issue of shares under employee
incentive scheme (note 21)
1,994
783
-
-
-
2,777
Balance at 31 December 2013
507,832
189,309
(36,140)
-
(151,008)
509,993
Share
capital
Share
premium
Merger
reserve
Other reserves
Retained
earnings
Total
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
Balance at 1 January 2012
492,373
181,737
(36,140)
5,757
90,565
734,292
Profit for the year
-
-
-
-
44,964
44,964
Other comprehensive income
for the year
-
-
-
8
-
8
Total comprehensive income
for the year
-
-
8
44,964
44,972
Issue of shares for prior year business
combination
7,174
5,658
-
(12,832)
-
-
Recognition of share-based
payments
-
-
-
742
-
742
Issue of shares under employee
incentive scheme
1,310
1,131
-
(2,441)
-
-
Dividends (note 33)
-
-
-
-
(23,063)
(23,063)
Balance at 31 December 2012
500,857
188,526
(36,140)
(8,766)
112,466
756,943
The Foreign Currency Translation Reserve relates entirely to operations in Ukraine, which are classified as discontinued
in 2013, see note 14.
