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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
For the three month period ended 31 March 2017
9
3. SEGMENTAL INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s US$ 000’s US$ 000’s
31 March 2016
Segment revenues
24,080
8,315
-
-
32,395
Segment operating (loss)/profit
(3,103)
1,935
(1,531)
(1,404)
(4,103)
Share of results of joint venture
480
Change in fair value of convertible loans
(3,565)
Other income
410
Foreign exchange loss
(63)
Finance costs
(2,667)
Loss before tax
(9,508)
Taxation charge
(910)
Loss for the period
(10,418)
Segment assets
267,113
422,371
85,885
57,952
833,321
E&E assets
12,248
-
20,871
-
33,119
PP&E
191,638
398,737
45,765
1,535
637,675
Segment liabilities
45,083
43,116
21,841
378,778
488,818
Other information:
Additions to E&E
456
-
-
-
456
Additions to PP&E
2,776
31,820
-
-
34,596
Depreciation, Depletion and
Amortisation
13,942
4,550
-
-
18,492
31 December 2016
Segment revenues
105,533
33,362
-
-
138,895
Segment operating (loss)/profit
(22,076)
(42,342)
(4,306)
(12,244)
(80,968)
Share of results of joint venture
1,451
Change in fair value of convertible loans
(24,774)
Other income
1,335
Foreign exchange loss
(2,340)
Finance costs
(9,365)
Loss before tax
(114,661)
Taxation charge
(1,456)
Loss for the period
(116,117)
Segment assets
238,473
473,265
79,385
58,500
849,623
E&E assets
5,988
-
21,704
-
27,692
PP&E
118,023
344,924
45,412
1,010
509,369
Segment liabilities
37,357
103,987
21,309
447,901
610,554
Other information:
Impairment of oil and gas assets
39,787
54,550
-
-
94,337
Additions to E&E
1,670
-
833
-
2,503
Additions to PP&E
16,772
144,558
(352)
121
161,099
Depreciation, Depletion and
Amortisation
47,179
14,569
-
646
62,394