Annual Report & Accounts 2013

 

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2013

2013

2012

 

Notes

$’000

$’000

Non-current assets

 

 

 

Intangible assets

9

125,611

105,436

Property, plant and equipment

10

596,289

578,179

Other receivables

13

8,798

486

Deferred tax asset

18

2,000

-

Total non-current assets

 

732,698

684,101

 

 

 

 

Current assets

 

 

 

Inventories

12

21,290

20,323

Trade and other receivables

13

114,677

174,407

Cash and cash equivalents

14

53,869

67,198

Total current assets

 

189,836

261,928

 

 

 

 

Total assets

 

922,534

946,029

 

 

 

 

Current liabilities

 

 

 

Trade and other payables

15

48,049

53,260

Loans and borrowings

16

45,750

50,000

Derivative liability

23

574

622

Decommissioning provision

17

871

265

Current tax liability

 

1,961

12,625

Total current liabilities

 

97,205

116,772

 

 

 

 

Non-current liabilities

 

 

 

Decommissioning provisions

17

29,252

26,733

Deferred tax liability

18

43,772

51,615

Loans and borrowings

16

241,446

226,234

Total non-current liabilities

 

314,470

304,582

 

 

 

 

Total liabilities

 

411,675

421,354

 

 

 

 

Net assets

 

510,859

524,675

 

 

 

 

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

 

(138,607)

(121,835)

Total equity

 

510,859

524,675


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

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