Interim condensed consolidated statement of financial position

                                                      Notes 30 June 2016 Unaudited US$m 31 December 2015 Audited US$m
ASSETS      
Non-current assets      
Property, plant and equipment 11 1,667 1,775
Goodwill 12 75 80
Intangible assets   103 107
Investments in associates/joint ventures 13 75 74
Available-for-sale investment 14 130 169
Other financial assets 15 359 752
Income tax receivable   3 8
Deferred tax assets   65 80
    2,477 3,045
Current assets      
Inventories  

15

13
Work in progress 16

2,396

1,794
Trade and other receivables   2,124 2,124
Due from related parties   2 2
Other financial assets 15 732 455
Income tax receivable   5 10
Cash and short-term deposits 17 1,328 1,104
    6,602 5,502
TOTAL ASSETS   9,079 8,547
EQUITY AND LIABILITIES      
Equity      
Share capital   7 7
Share premium   4 4
Capital redemption reserve   11 11
Treasury shares 18 (109) (111)
Other reserves 19 26 (16)
Retained earnings   1,195

1,335

Equity attributable to Petrofac Limited shareholders   1,134 1,230
Non-controlling interests   18 2
TOTAL EQUITY   1,152 1,232
Non-current liabilities      
Interest-bearing loans and borrowings 20 1.644 1,270
Provisions 21 245 331
Other financial liabilities 15 583 659
Deferred tax liabilities   73 141
    2,545 2,401
Current liabilities      
Trade and other payables   2,522 2,510
Due to related parties   - 1
Interest-bearing loans and borrowings 20 561 520
Other financial liabilities 15 343 336
Income tax payable   183 113
Billings in excess of cost and estimated earnings   188 201
Accrued contract expenses 22 1,585 1,233
    5,382 4,914
TOTAL LIABILITIES   7,927 7,315
TOTAL EQUITY AND LIABILITIES   9,079 8,547

 

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