KUWAIT ENERGY plc GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2013
F-49
5.
SEGMENTAL INFORMATION (CONTINUED)
Egypt
Yemen
Iraq
Oman
(Restated)
Others
Total
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
USD 000’s
31 December 2012
Segment revenues
168,241
14,735
-
20,607
-
203,583
Segment results
94,039
(21)
-
3,480
(14,557)
82,941
Gain on held for trading derivative
266
Fair value loss on convertible loans
(4,528)
Other income
223
Foreign exchange gain
320
Finance costs
(1,157)
Profit before tax
78,065
Taxation
(8,700)
Profit for the year
69,365
Loss from discontinued operations
(24,401)
Profit for the year
44,964
Segment assets
506,699
55,935
24,015
14,161
397,216
998,026
E&E assets
100,797
41,195
-
-
40,976
182,968
PP&E
190,776
4,007
23,696
6,359
255,900
480,738
Segment liabilities
30,800
5,138
2,701
5,106
197,338
241,083
Other information
Impairment loss / (reversal)
-
-
-
(540)
-
(540)
E&E written off
-
3,680
-
-
-
3,680
Additions to E&E
24,381
9,351
-
-
3,715
37,447
Additions to PP&E
14,145
2,778
19,212
12,973
33,262
82,370
Depreciation, depletion and amortization
44,396
2,297
-
14,279
-
60,972
6.
REVENUE
2013
(Restated)
2012
USD 000’s
USD 000’s
Oil sales
284,392
203,583
284,392
203,583
7.
PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS
2013
(Restated) 2012
USD 000’s
USD 000’s
Profit for the year is stated after charging:
Staff costs
10,250
6,193
Depletion and amortisation of oil and gas assets
93,201
60,973
