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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
For the nine month period ended 30 September 2016
8
3. SEGMENTAL INFORMATION (CONTINUED)
The following is an analysis of the Group’s revenue and results by reportable segments:
Egypt
Iraq
Yemen
Others
Total
US$ 000’s US$ 000’s
US$ 000’s
US$ 000’s
US$ 000’s
30 September 2016 (Unaudited)
Segment revenues
77,330
20,116
-
-
97,446
Segment operating profit/(loss)
8,663
6,547
(3,497)
(6,430)
5,283
Share of results of Joint Venture
-
-
-
(767)
(767)
Fair value loss on convertible loans
(10,118)
Other income
1,049
Foreign exchange loss
(42)
Finance costs
(6,975)
Loss before tax
(11,570)
Taxation charge
(837)
Loss for the period
(12,407)
Segment assets
268,484
494,507
79,250
18,116
860,357
E&E assets
11,975
-
21,649
-
33,624
PP&E
177,410
467,888
45,412
1,122
691,832
Segment liabilities
32,572
81,310
21,604
382,136
517,622
Other information:
Additions to E&E
1,669
-
777
-
2,446
Additions to PP&E
11,413
105,825
(352)
121
117,007
Depreciation, Depletion and
Amortisation
38,233
9,405
-
533
48,171
30 September 2015 (Unaudited)
Segment revenues
116,294
-
8,868
-
125,162
Segment operating profit/(loss)
18,421
35,000
(9,694)
(8,548)
35,179
Share of results of Joint Venture
-
-
-
2,071
2,071
Fair value loss on convertible loans
(12,296)
Other income
1,084
Foreign exchange loss
(1,789)
Finance costs
(7,004)
Profit before tax
17,245
Taxation charge
(1,768)
Profit for the period
15,477