KUWAIT ENERGY plc GROUP
CONSOLIDATED BALANCE SHEET
For the year ended 31 December 2011
F-125
2011
2010
Notes
USD 000’s
USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
13
149,201
243,964
Property, plant and equipment
14
493,127
307,249
Deferred tax asset
11
8,970
9,146
651,298
560,359
Current assets
Inventories
15
16,240
17,862
Trade and other receivables
16
176,055
135,199
Cash and bank balances
17
40,477
58,092
232,772
211,153
Total assets
884,070
771,512
EQUITY AND LIABILITIES
Equity
Share capital
18
492,373
438,648
Share premium
18
181,737
157,163
Merger reserve
18
(36,140)
(32,196)
Other reserves
19
5,757
(11,201)
Retained earnings
90,565
78,888
Total equity
734,292
631,302
Non-current liabilities
Long-term loans
20
45,000
53,000
Long-term provisions
21
2,694
1,790
Deferred tax liability
11
31,379
30,644
79,073
85,434
Current liabilities
Trade and other payables
22
52,964
49,907
Current tax payable
22
8,991
532
Derivative financial instruments
23
750
4,337
Current portion of long-term loans
20
8,000
-
70,705
54,776
Total liabilities
149,778
140,210
Total equity and liabilities
884,070
771,512
The Financial Statements were approved the board of directors and authorised for issue on 4 April 2012. They were
signed on its behalf by:
Manssour Aboukhamseen
Chairman & Managing Director
