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KUWAIT ENERGY PLC
CONDENSED CONSOLIDATED BALANCE SHEET
As at 30 September 2016
4
30 September 31 December
2016
2015
Unaudited
Audited
Notes
US$ 000’s
US$ 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
5
33,624
32,663
Property, plant and equipment
6
691,832
621,571
Investment in Joint Venture
3,706
5,528
Other non-current assets
4,954
22,754
734,116
682,516
Current assets
Inventories
24,404
24,411
Trade and other receivables
7
75,045
48,198
Cash and cash equivalents
8
26,792
105,297
126,241
177,906
Total assets
860,357
860,422
EQUITY AND LIABILITIES
Equity
Share capital
560,824
559,835
Share premium
205,910
205,491
Other reserves
(105,614)
(105,613)
Retained deficit
(322,867)
(310,437)
Equity attributable to owners of the Company
338,253
349,276
Non-controlling interest
4,482
5,645
Total equity
342,735
354,921
Non-current liabilities
Borrowings
244,468
243,326
Convertible loans
120,355
117,329
Obligations under finance leases
3,184
3,911
Provisions
15,243
15,458
Deferred tax liabilities
463
163
383,713
380,187
Current liabilities
Trade and other payables
9
128,340
119,659
Current tax payable
1,855
1,849
Convertible loans
2,545
2,071
Obligations under finance leases
1,169
1,735
133,909
125,314
Total liabilities
517,622
505,501
Total equity and liabilities
860,357
860,422
Manssour Aboukhamseen
Executive Chairman
15 December 2016