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KUWAIT ENERGY PLC
CONDENSED CONSOLIDATED BALANCE SHEET
As at 31 March 2016
4
31 March
2016
Unaudited
31 December
2015
Audited
Notes
USD 000’s USD 000’s
ASSETS
Non-current assets
Intangible exploration and evaluation assets
5
33,119
32,663
Property, plant and equipment
6
637,675
621,571
Investment in Joint Venture
6,008
5,528
Other non-current assets
11,696
22,754
688,498
682,516
Current assets
Inventories
25,950
24,411
Trade and other receivables
7
50,246
48,198
Cash and cash equivalents
8
68,627
105,297
144,823
177,906
Total assets
833,321
860,422
EQUITY AND LIABILITIES
Equity
Share capital
560,776
559,835
Share premium
205,890
205,491
Other reserves
(105,840)
(105,613)
Retained deficit
(320,855)
(310,437)
Equity attributable to owners of the Company
339,971
349,276
Non-controlling interest
4,532
5,645
Total equity
344,503
354,921
Non-current liabilities
Borrowings
243,701
243,326
Convertible loans
118,909
117,329
Obligations under finance leases
3,671
3,911
Provisions
15,443
15,458
Deferred tax liabilities
163
163
381,887
380,187
Current liabilities
Trade and other payables
9
100,232
119,659
Current tax payable
2,759
1,849
Convertible loans
2,391
2,071
Obligations under finance leases
1,549
1,735
106,931
125,314
Total liabilities
488,818
505,501
Total equity and liabilities
833,321
860,422
Manssour Aboukhamseen
Chairman & Managing Director
30 June 2016