52
53
KUWAIT ENERGY plc GROUP
CONSOLIDATED INCOME STATEMENT
For the year ended 31 December 2011
5
2011
2010
Notes
USD 000’s
USD 000’s
Continuing Operations
Revenue
6
178,921
141,772
Cost of sales
7
(96,771)
(102,860)
Gross profit
82,150
38,912
Impairment losses
8
(8,520)
-
General and administrative expenses
(22,628)
(19,977)
Operating profit
51,002
18,935
Loss on held for trading derivative
23
(75)
(675)
Other income
9
800
4,222
Foreign exchange gain /(loss)
654
(463)
Finance costs (net)
10
(7,749)
(1,818)
Profit before tax
44,632
20,201
Taxation (charge) / credit
11
(9,869)
1,701
Profit for the year
12
34,763
21,902
Earnings per share
- Basic (cents)
25
11.1
8.5
- Diluted (cents)
25
11.1
8.5
KUWAIT ENERGY plc GROUP
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 December 2011
6
2011
2010
Note
USD 000’s
USD 000’s
Profit for the year
34,763
21,902
Other comprehensive income
Exchange differences on translation of foreign operations
(142)
66
Cash flow hedge - Net change in fair value
23
3,662
(3,662)
Other comprehensive income /(loss) for the year
3,520
(3,596)
Total comprehensive income for the year
38,283
18,306
Kuwait Energy Plc Group
Consolidated Income Statement
For The Year Ended 31 December 2011
Kuwait Energy Plc Group
Consolidated Statement Of Comprehensive Income
For The Year Ended 31 December 2011
