KUWAIT ENERGY plc GROUP
CONSOLIDATED INCOME STATEMENT
For the year ended 31 December 2012
F-78
2012
2011
Notes
USD 000’s
USD 000’s
Continuing Operations
Revenue
6
225,267
178,921
Cost of sales
8
(120,564)
(96,771)
Gross profit
104,703
82,150
Net impairment loss
9
(25,492)
(8,520)
Exploration expenditure written off
13
(3,680)
-
General and administrative expenses
(26,485)
(22,628)
Operating profit
49,046
51,002
Gain / (loss) on held for trading derivative
24
266
(75)
Fair value loss on convertible loans
21
(213)
-
Other income
10
3,375
800
Foreign exchange gain
151
654
Finance costs (net)
11
(5,708)
(7,749)
Profit before tax
46,917
44,632
Taxation charge
12
(1,953)
(9,869)
Profit for the year
7
44,964
34,763
Earnings per share
- Basic (cents)
26
14.1
11.1
- Diluted (cents)
26
14.1
11.1
