Annual Report & Accounts 2013

 

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2013

2013

2012

 

Notes

$’000

$’000

Non-current assets

 

 

 

Property, plant and equipment

10

183,697

172,692

Investments in subsidiaries

11

550,621

326,902

Other receivables

13

6,008

-

Deferred tax asset

18

2,000

-

Total non-current assets

 

742,326

499,594

 

 

 

 

Current assets

 

 

 

Trade and other receivables

13

133

29,729

Cash and cash equivalents

14

2,710

657

Total current assets

 

2,843

30,386

 

 

 

 

Total assets

 

745,169

529,980

 

 

 

 

Current liabilities

 

 

 

Trade and other payables

15

2,782

2,378

Loans and borrowings

16

45,750

-

Derivative liability

23

574

622

Current tax liability

6

-

7,562

Total current liabilities

 

49,106

10,562

 

 

 

 

Non-current liabilities

 

 

 

Decommissioning provisions

17

3,569

3,539

Loans and borrowings

16

241,446

-

Total non current liabilities

 

245,015

3,539

 

 

 

 

Total liabilities

 

294,121

14,101

 

 

 

 

Net assets

 

451,048

515,879

 

 

 

 

Equity

 

 

 

Share capital

19

87,249

87,249

Share premium

19

546,290

546,290

Other capital reserves

 

(883)

(883)

Share-based payment reserve

 

16,810

13,854

Retained deficit

 

(198,418)

(130,631)

Total equity

 

451,048

515,879


The accompanying notes form an integral part of these financial statements.

On behalf of the Board
Tom Hickey Brian O’Cathain
Director Director