Genel Energy Finance plc - Interim Report
Registered number: 9003179
England and Wales
Genel Energy Finance plc
Interim Report
For the half year ended 30 June 2017
Statement of comprehensive income
| Notes | 30 Jun 2017 | 30 Jun 2016 | 31 Dec 2016 | |
| $000 | $000 | $000 | ||
| Operating profit | 3 | |||
| Interest income | 32,194 | 31,902 | 62,480 | |
| Interest expense | (32,189) | (31,897) | (62,470) | |
| Profit before income tax | 5 | 5 | 10 | |
| Income tax expense | 4 | (1) | (1) | (2) |
| Profit for the year | 4 | 4 | 8 | |
| Other comprehensive income | - | - | ||
| Total comprehensive income for the year | 4 | 4 | 8 | |
| Attributable to: | ||||
| Equity holders of the Company | 4 | 4 | 8 | |
| 4 | 4 | 8 | ||
The notes are an integral part of these financial statements.
Statement of financial position
| Notes | 30 Jun 2017 | 30 Jun 2016 | 31 Dec 2016 | |
| ASSETS | $000 | $000 | $000 | |
| Current assets | ||||
| Receivables due from parent company | 5 | 411,642 | 707,527 | 710,789 |
| Cash | 100 | 100 | 100 | |
| 411,742 | 707,627 | 710,889 | ||
| Total assets | 411,742 | 707,627 | 710,889 | |
| LIABILITIES | ||||
| Non-current liabilities | ||||
| Borrowings | 6 | (403,971) | (697,920) | (702,824) |
| (403,971) | (697,920) | (702,824) | ||
| Current liabilities | ||||
| Trade and other payables | 7 | (7,668) | (9,612) | (7,966) |
| (7,668) | (9,612) | (7,966) | ||
| Net assets | 103 | 95 | 99 | |
| Equity attributable to equity holders of the parent | ||||
| Share capital | 8 | 75 | 75 | 75 |
| Retained earnings | 28 | 20 | 24 | |
| Total equity | 103 | 95 | 99 | |
The notes are an integral part of these financial statements.
The financial statements on pages 1 to 9 were approved by the Board of Directors on 29 August 2017 and were signed on its behalf by:
Esa Ikaheimonen
Director
Registered number: 9003179
Please see the associated PDF to view the announcement in full.