Consolidated statement of financial position

                                                      Notes 2016 US$m 2015 US$m
ASSETS      
NON-CURRENT ASSETS      
Property, plant and equipment 10 1,418 1,775 
Goodwill 12 72 80 
Intangible assets 14 96 107 
Investments in associates/joint ventures 15 65 74 
Available-for-sale investment 16 - 169 
Other financial assets 17 318 752 
Income tax receivable   -
Deferred tax assets 7c 63 80 
    2,032 3,045 
CURRENT ASSETS      
Inventories 18 11 13 
Work in progress 19 2,182 1,794 
Trade and other receivables 20 2,162 2,124 
Due from related parties 30 4
Other financial assets 17 546 455 
Income tax receivable   9 10 
Cash and short-term deposits 21 1,167  1,104 
    6,081 5,502 
Assets held for sale 13 128 
    6,209 5,502 
Total assets   8,241 8,547 
EQUITY AND LIABILITIES      
EQUITY      
Share capital 22 7
Share premium 22 4
Capital redemption reserve 22 11 11 
Treasury shares 23 (105) (111) 
Other reserves 25 73 (16) 
Retained earnings   1,107 1,335 
Equity attributable to Petrofac Limited shareholders   1,097 1,230 
Non-controlling interests 11 26
Total Equity   1,123 1,232 
NON-CURRENT LIABILITIES      
Interest-bearing loans and borrowings 26 1,423 1,270 
Provisions 27 224 331 
Other financial liabilities 17 348 659 
Deferred tax liabilities 7c 94 141 
    2,089 2,401 
CURRENT LIABILITIES      
Trade and other payables 28 1,974  2,510 
Due to related parties 30
Interest-bearing loans and borrowings 26 361  520 
Other financial liabilities 17 368  336 
Income tax payable   188  113 
Billings in excess of cost and estimated earnings 19 44  201 
Accrued contract expenses 31 2,060  1,233 
    4,995  4,914 
Liabilities associated with assets held for sale 13 34 
    5,029  4,914 
Total liabilities   7,118  7,315 
Total equity and liabilities   8,241  8,547 

 

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