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KUWAIT ENERGY PLC
NOTES TO THE CONDENSED SET OF FINANCIAL STATEMENTS
Three months ended 31 March 2016
8
3.
SEGMENT INFORMATION (CONTINUED)
Egypt
Iraq
Yemen
Others
Total
(Unaudited)
USD 000’s USD 000’s USD 000’s USD 000’s USD 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
480
Fair value loss on convertible loans
(3,565)
Other income
410
Foreign exchange loss
(63)
Finance costs
(2,667)
Loss before tax
(9,508)
Taxation charges
(910)
Loss for the year
(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 March 2015
Segment revenues
35,013
-
9,909
-
44,922
Segment operating profit/(loss)
6,130
-
(5,995)
(3,497)
(3,362)
Share of results of Joint Venture
-
-
-
500
500
Fair value loss on convertible loans
(3,600)
Other income
448
Foreign exchange loss
(316)
Finance costs
(4,539)
Loss before tax
(10,869)
Taxation charges
(1,500)
Loss for the year
(12,369)