KUWAIT ENERGY plc GROUP
CONSOLIDATED BALANCE SHEET
For the year ended 31 December 2012
F-80
2012
2011
Notes
USD 000’s
USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
13
182,968
149,201
Property, plant and equipment
14
480,738
493,127
Advance for acquisition of subsidiary
32
30,000
-
Other non-current assets
20
7,647
-
Deferred tax asset
12
8,404
8,970
709,757
651,298
Current assets
Inventories
15
19,865
16,240
Trade and other receivables
16
220,020
176,055
Cash and bank balances
17
48,384
40,477
288,269
232,772
Total assets
998,026
884,070
EQUITY AND LIABILITIES
Equity
Share capital
18
500,857
492,373
Share premium
188,526
181,737
Merger reserve
(36,140)
(36,140)
Other reserves
19
(8,766)
5,757
Retained earnings
112,466
90,565
Total equity
756,943
734,292
Non-current liabilities
Long-term loans
20
60,000
45,000
Convertible loans
21
83,213
-
Long-term provisions
22
3,471
2,694
Deferred tax liability
12
24,053
31,379
170,737
79,073
Current liabilities
Trade and other payables
23
60,936
52,964
Current tax payable
23
8,926
8,991
Derivative financial instruments
24
484
750
Current portion of long-term loans
20
-
8,000
70,346
70,705
Total liabilities
241,083
149,778
Total equity and liabilities
998,026
884,070
The Financial Statements were approved the board of directors and authorised for issue on -- March 2013. They were
signed on its behalf by:
Manssour Aboukhamseen
Chairman & Managing Director
