| Notes | 2013 $’000s |
2012 $’000s |
|
| Continuing operations | |||
| Revenue | 482,220 | 367,987 | |
| Cost of sales | |||
| Operating costs | (86,272) | (74,784) | |
| Royalty payable | (44,394) | (30,572) | |
| Amortisation of oil and gas properties | (113,029) | (96,723) | |
| Impairment of producing oil and gas properties | 8 | - | (6,682) |
| Movement in inventories of oil | 13,007 | (36,403) | |
| Total cost of sales | (230,688) | (245,164) | |
| Gross profit | 251,532 | 122,823 | |
| Exploration expenses: | |||
| Pre-licence exploration expenses | (7,041) | (6,744) | |
| Exploration costs written off | 7 | (162,253) | (44,384) |
| Total exploration expenses | (169,294) | (51,128) | |
| Loss on disposal of assets | (871) | - | |
| Impairment of non-producing assets held for sale | 9 | - | (16,554) |
| Administration expenses | (7,290) | (10,820) | |
| Operating profit | 74,077 | 44,321 | |
| Interest revenue | 111 | 193 | |
| Finance costs | 4 | (22,804) | (27,352) |
| Other financial losses | 5 | (4,093) | (6,328) |
| Profit before tax | 47,291 | 10,834 | |
| Taxation: | |||
| Current tax | 6 | (146,756) | (78,910) |
| Deferred tax | 6 | (20,310) | 5,786 |
| Total Taxation | (167,066) | (73,124) | |
| Loss after taxation | (119,775) | (62,290) | |
| Loss on cash flow hedges1 | (4,346) | - | |
|
Total comprehensive loss for the year |
(124,121) | (62,290) | |
| Notes | $’s | $’s | |
| Loss per ordinary share | |||
| Basic and diluted | (0.46) | (0.32) |
1 This loss may be subsequently recycled to the income statement.
View the notes
