(Preliminary Results Announcement) PDF 0.71MB - Cairn Energy PLC

5.1 Segmental Analysis (continued)The segment results for the year ended 31 December 2011 are as follows:TotalAtlantic Margin -GreenlandOtherCairn EnergyGroupContinuingCairn EnergyGroupCairn IndiaGroup Total$m $m $m $m $mRevenue from external customers - - - 2,307.8 2,307.8Reversal of revenue provision - - - 64.0 64.0Other expenses and production costs - 2.7 2.7 (351.7) (349.0)Pre-award costs (1.6) (15.1) (16.7) (3.2) (19.9)Unsuccessful exploration costs (941.8) - (941.8) (4.4) (946.2)Depletion and decommissioning charge - - - (377.7) (377.7)Gross (loss)/profit (943.4) (12.4) (955.8) 1,634.8 679.0Depreciation (0.1) (0.9) (1.0) (3.5) (4.5)Amortisation - (2.7) (2.7) (3.4) (6.1)Other income and administrative expenses (0.4) (35.4) (35.8) (39.5) (75.3)Impairment (137.7) (3.3) (141.0) - (141.0)Operating (loss)/profit (1,081.6) (54.7) (1,136.3) 1,588.4 452.1Interest income - 2.2 2.2 54.6 56.8Interest expense - (1.1) (1.1) (20.9) (22.0)Other finance income and costs 0.9 (55.0) (54.1) (62.7) (116.8)(Loss)/profit before taxation (1,080.7) (108.6) (1,189.3) 1,559.4 370.1Taxation (charge)/credit - (0.1) (0.1) (330.7) (330.8)(Loss)/profit after taxation (1,080.7) (108.7) (1,189.4) 1,228.7 39.3Adjustments to reconcile to the financial statementsInventory - - - 7.2 7.2Depletion, depreciation and amortisation - - - 384.6 384.6Deferred taxation - - - (258.1) (258.1)(Loss)/profit after taxation (1,080.7) (108.7) (1,189.4) 1,362.4 173.0Gain on sale of subsidiary - - - 5,487.7 5,487.7Tax on gain on sale of subsidiary - - - (1,095.5) (1,095.5)Reported (loss)/profit for the year (1,080.7) (108.7) (1,189.4) 5,754.6 4,565.2Attributable to:Equity holders of the parent (1,080.7) (108.7) (1,189.4) 5,290.5 4,101.1Non-controlling interests - - - 464.1 464.1Capital expenditure 836.2 4.9 841.1 563.4 1,404.530