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.