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Nautical Petroleum plc Annual report and accounts 2010 30 Consolidated statement of comprehensive income For the year ended 30 June 2010 2010 2009 Notes £’000 £’000 Revenue 3 68 25 Cost of sales (84) (28) Impairment & operating costs of extended well test equipment – (2,472) Gross loss (16) (2,475) Exploration & evaluation: gain on farmout – 491 Exploration & evaluation: expense 4 (663) (4,526) Administrative expenses (1,602) (1,577) Foreign exchange (loss)/gain (132) 486 Operating loss 4 (2,413) (7,601) Finance income 9 309 1,314 Finance costs 9 (371) (349) Loss before tax (2,475) (6,636) Tax 10/17 194 749 Loss and total comprehensive income for the year (2,281) (5,887) Attributable to: Equity holders of the Company (2,281) (5,887) Basic and diluted loss per share (pence) 11 (3.60) (9.28) The results above were entirely derived from continuing operations.
Annual report and accounts 2010 Consolidated statement of financial position As at 30 June 2010 Nautical Petroleum plc 31 At At 30 June 30 June 2010 2009 Notes £’000 £’000 Non-current assets Intangible assets 12 55,258 48,857 Property, plant and equipment 12 353 277 Long-term deposits 13 – 1,000 55,611 50,134 Current assets Trade and other receivables 14 808 573 Short-term deposits 15 3,000 16,000 Cash and cash equivalents 15 8,730 3,061 12,538 19,634 Total assets 68,149 69,768 Current liabilities Trade and other payables 16 (883) (809) Non-current liabilities Deferred tax 17 (5,488) (5,682) Provisions 18 (4,103) (3,466) (9,591) (9,148) Total liabilities (10,474) (9,957) Net assets 57,675 59,811 Equity attributable to equity holders Called up share capital 21 11,588 11,588 Share premium 37,748 37,748 Other reserves 22 29,169 29,169 Cumulative translation reserve (1,659) (1,659) Accumulated losses (19,171) (17,035) Total equity 57,675 59,811 The financial statements were approved by the Board on 8 October 2010 and were signed on its behalf by: S Jenkins Chief Executive W Mathers Finance Director
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Page 3 and 4: 2010 highlights Catcher discoveries
Page 5 and 6: Annual report and accounts 2010 Nau
Page 27 and 28: Remuneration report Annual report a
Page 29 and 30: Corporate governance Annual report
Page 31: Annual report and accounts 2010 Ind
Page 35 and 36: Annual report and accounts 2010 Con
Page 51 and 52: Company balance sheet As at 30 June

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