Ophir Energy plc Annual Report and Accounts 2011

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Ophir Energy plc Annual Report 2011
Group Financial Statements
Group income statement and statement
of comprehensive income
for the year ended 31 December 2011
Notes
Year ended
31 Dec 2011
US$’000
Year ended
31 Dec 2010
US$’000
Group income statement
Continuing operations
Interest Income 834 533
Gain on farm out 4 (a) 13,844 -
Revenue 14,678 533
Exploration expenses 4 (b) (15,688) (11,344)
Finance expenses 4 (c) (1,039) (429)
Administration expenses 4 (d) (16,156) (7,272)
Other expenses 4 (e) (870) (766)
Loss from continuing operations before taxation (19,075) (19,278)
Taxation 8 – –
Loss from continuing operations for the year attributable
to equity holders of the parent (19,075) (19,278)
Loss per share for loss from continuing operations attributable
to equity holders of the parent
Basic and diluted EPS on loss for the year (per share) 9 (5) pence 1 (6) pence 2
Group statement of comprehensive income
Loss from continuing operations for the year attributable
to equity holders of the parent (19,075) (19,278)
Other comprehensive income
Exchange differences on retranslation of foreign operations
net of tax 144 602
Other comprehensive income for the year, net of tax 144 602
Total comprehensive loss for the year, net of tax attributable
to equity holders of the parent (18,931) (18,676)
1 (7) cents per share
2 (9) cents per share