Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
Annual Report 2010 - Ophir Energy
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60<br />
<strong>Ophir</strong> energy plc | <strong>2010</strong> ANNUAL REPORT<br />
grOUp AccOUnTs | NOTEs TO THE fiNANCiAL sTATEmENTs<br />
Notes to the<br />
financial statements<br />
12 Other financial assets<br />
<strong>2010</strong><br />
Us$’000<br />
grOUp<br />
2009<br />
Us$’000<br />
<strong>2010</strong><br />
Us$’000<br />
cOMpAny<br />
2009<br />
Us$’000<br />
Current<br />
Security deposits - 1,200 - 1,200<br />
- 1,200 - 1,200<br />
Security deposits are floating interest<br />
deposits pledged to third parties or banks as<br />
security in relation to the Group’s exploration<br />
commitments. There are no receivables that<br />
are past due or impaired.<br />
Non current<br />
Security deposits 700 288 418 -<br />
13 inventory<br />
Drilling consumables (at cost) 9,058 9,116 - -<br />
14 Trade and other<br />
receivables<br />
Other debtors 3,070 1,136 665 393<br />
Amounts owed by subsidiary undertakings - - 158 242<br />
Receivable from joint venture partners<br />
42,225 - - -<br />
(refer note 17)<br />
45,295 1,136 823 635<br />
Refer to note 2.9 for terms and conditions.<br />
All debtors are current. There are no<br />
receivables that are past due or impaired.<br />
Due to the short-term nature of these<br />
receivables, their carrying value is assumed<br />
to approximate their fair value.<br />
15 Other current assets<br />
Prepayments 130 1,015 - -<br />
130 1,015 - -
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